Tag: Karachi
Pakistani Rupee Soars by Rs. 15 Against US Dollar Following IMF Aid
In response to the last-minute financial assistance granted by the International Monetary Fund (IMF), the Pakistani rupee strengthened by Rs15 against the US dollar...
SBP-held foreign exchange reserves rise $533mn, stand at $4.07bn
The State Bank of Pakistan's (SBP) foreign exchange holdings increased by $533 million as of June 23, reaching around $4.07 billion. SBP-held foreign exchange reserves...
Monsoon wet spell begins in Pakistan from today
The Met Office, a monsoon westerly wave will arrive in Pakistan on Monday and bring rain from July 3 to July 8. Monsoon begins in...
Govt hikes Petroleum Levy by Rs 5 per litre
In order to comply with an IMF requirement for the bailout package, the federal government increased the Petroleum Development Levy (PDL) on petroleum products...
PML-N and PPP bigwigs ‘agree’ on charter of economy
A "charter of economy" has apparently been agreed upon by the coalition partners in the centre, the cash-strapped Pakistan Muslim League-N (PML-N) and Pakistan...
Second shipment of Russian crude oil arrives in Pakistan
In Karachi. Russia has delivered a second shipment of crude oil to Pakistan in accordance with the historic deal that the two countries signed. Second...