Pakistan rupee holds steady against dollar
Pakistan rupee Monday mostly ended steady versus the US dollar in the interbank trade, owing to lukewarm demand for the greenback, while dealers are not…
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PKR weakens against USD in interbank
Growing political uncertainty in the country saw the Pakistani rupee lose ground against the US dollar at the beginning of the business week, trading at…
AIIB approves $500m as co-financing of ADP program for Pakistan
Asian Infrastructure Investment Bank (AIIB) on Wednesday approved 500 million dollars as co-financing of an Asian Development Bank (ADB) program for Pakistan. Announcing this in…
Govt withdraws appeal against Sharia court’s verdict, to eliminate Riba
Finance Minister Ishaq Dar on Wednesday announced that the government will be withdrawing the State Bank (SBP) and National Bank’s (NBP) appeals against the Federal…
Rupee gains more ground against dollar
Pakistani rupee continued to extend gains against the United States (US) dollar in the interbank market for a third consecutive session. According to Forex Association…
Nepra hikes power tariff for K-Electric consumers
The National Electric Power Regulatory Authority (Nepra) has approved another hike in electricity tariff by Rs0.51 per unit. The federal government had asked the Nepra…
World Bank to provide more than $3bn for energy infrastructure development in Pakistan
The World Bank (WB) has agreed to provide more than $3 billion to Pakistan for infrastructure development in the energy sector, according to a press…
Oil industry foresees petrol and diesel shortage, warns OGRA
The oil industry has communicated to the government about an expected petrol and high speed diesel (HSD) shortage in the coming days due to inadequate…
PKR recovers against USD in interbank market
The Pakistani rupee on Friday gained 3 paisas against the US dollar in the interbank market. According to forex dealers, the local currency closed at…
Oil climbs on demand hopes after big drawdown in US crude stocks
Oil prices rose in early trade on Wednesday after industry data showed a surprise drop in United States crude stockpiles, suggesting demand is holding up…