It is worth highlighting that just a month ago, on September 5th, the dollar stood at 307 rupees and 10 paisas in the interbank market. This recent decrease of 23 rupees and 50 paisas within a month has captured the attention of financial analysts and market observers, signifying a positive trend for the Pakistani economy.
Category: Pakistan
Pakistan’s Economic Team Gears Up for Crucial Annual Meetings with World Bank and IMF
Sources indicate that the Finance Minister is expected to engage in discussions related to the sale of bonds in the international market with the economic team. This move suggests Pakistan’s intent to explore diverse financial avenues and strengthen its economic standing on the global stage.
Pakistan and Saudi Arabia Forge Strategic Economic Alliance: Landmark Deals Worth Billions Underway
Key aspects of this substantial investment include encouraging private sector participation in special economic zones, providing incentives, and granting 85,000 acres of leased land for agricultural purposes.
Deposits Up to 500,000 Rupees Secured Under New Banking Regulations Says Deputy Governor of State Bank
During the session, Deputy Governor Allah revealed that a significant 94% of accounts held in the range of up to 500,000 rupees, demonstrating the widespread impact of this regulation. Only 6% of account holders maintain balances exceeding 500,000 rupees.
FIA Cracks Down on Hawala Transactions and Illegal Currency Exchange Arrests 557 Suspects in 382 Cases
According to the official statement released after the meeting, a briefing was given on the ongoing nationwide crackdown against hawala transactions, illegal currency exchange, and smuggling
Pakistan’s Resolve: Army Chief Vows Unyielding Defense
Addressing the gathering, General Munir articulated that Pakistan has no alternative but to confront the challenges head-on. His words echoed a sentiment deeply rooted in the country’s commitment to safeguard its borders and protect its citizens.
Pakistan’s Strict Crackdown on Illegal Foreign Residents: Interior Minister’s Bold Initiatives
Speaking after a meeting of the Apex Committee, Bugti revealed that a deadline had been set for illegal residents. He highlighted the widespread misuse and lack of regulation in the implementation of identity cards, stating that there were currently around 440,000 Afghan citizens in Pakistan.
Pakistan’s inflation rate surges to 31.4% in september amid high fuel and energy prices.
Pakistan has witnessed a concerning rise in its inflation rate, with the figure surging to 31.4% year-on-year in September, as reported by data from the […]
Islamabad high court overturns session court’s rejection of PTI chairman’s bail application in nine cases.
In a significant legal development, the Islamabad High Court (IHC) has invalidated the decision made by a session’s court to dismiss the bail application of […]