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Pakistan and China sign a yuan clearing agreement
KARACHI: The Chinese central bank announced in a statement on Wednesday that the central banks of Pakistan and China have signed a memorandum of cooperation on yuan clearance in Pakistan. More information was omitted from the statement.…
Pakistan’s budget airline Fly Jinnah launched
Fly Jinnah was founded as a joint venture with the international carrier Air Arabia; the inaugural flight departed from Karachi towards Islamabad.
Written by Afzal Nadeem Dogar and Tariq Abul Hasan
February 2nd, 2022
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Inflation in October rise 26.6 percent.
According to data released on Tuesday by the Pakistan Bureau of Statistics (PBS), inflation as measured by the Consumer Price Index (CPI) soared to 26.56 percent year-over-year in October, more than three percentage points higher than last…
Rupee strengthens against the dollar following Dar’s…
KARACHI: The Pakistani rupee strengthened against the US dollar on Monday, helping to start the week off well.
Meetings between Finance Minister Ishaq Dar and representatives of the State Bank of Pakistan (SBP) and currency dealers were…
Dar depicts a “solvent” economy and promises to…
KARACHI: Finance Minister Ishaq Dar reaffirmed that the US dollar would be devalued to below Rs200 and gave stakeholders the assurance that the nation was in a "solvent situation," fully able to meet its domestic and international debt…
PKR depreciates by Re1 against the dollar in interbank
The Pakistani rupee continued to fall against the dollar for the third consecutive session on Friday, losing Re1 during morning trade in the interbank market.
The local currency was changing hands at Rs222.5 per dollar at 11:35am, a…
Pakistan receives $1.5 billion from ADB, according to Dar
ISLAMABAD: Ishaq Dar, the federal minister for finance and revenue, revealed that the Asian Development Bank (ADB) has deposited $1.5 billion with the State Bank of Pakistan (SBP).
Following floods and other interruptions to the global…
Rupee continues to rise following FATF’s ruling
KARACHI: For the second straight day, the Pakistani rupee strengthened against the US dollar on Monday, adding Rs0.43 to its value.
According to information provided by the State Bank of Pakistan (SBP), the local currency rose 0.20% from…
Pakistan’s need for holiday gold drives up gold prices.
KARACHI: The modest gold market in Pakistan increased its demand for the metal on Monday as the wedding season and other festivals increased demand for the yellow metal.
According to data made public by the All Pakistan Sarafa Gems and…
ICCI calls for strict enforcement of IPRs to promote brands and…
Islamabad: Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to ensure strict enforcement of intellectual property rights in the country to promote innovations, brands and…