WTP Report ISLAMABAD : The decrease in foreign exchange reserves has become a major threat to national economy. German Ambassador in Pakistan, Alfread Grannas wrote a warning letter to the Federal Minister of Economic Affairs as protest for not opening of LC for import of electric cars from Germany. He […]
Business
ISLAMAABD -UNS: Bowing down to another demand of International Monetary Fund (IMF), the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced an interest rate hike of 300 basis points, taking it to 20%. This is the highest level of the key policy rate since October 1997. […]
“Rupee slaughtered – lost over 62% or 110/$ in 11 months of PDM government. This has increased public debt alone Rs 14.3 trn & historic 75 yr high inflation 31.5%. Pakistanis paying heavy price of regime change conspiracy where a bunch of criminals have been foisted upon nation by ex […]
ISLAMABAD -UNS: The Pakistani rupee sank sharply by Rs18.98 against the dollar as trading closed on Thursday, with the local currency reaching a historic high of Rs285.09 at close, according to the State Bank of Pakistan. Analysts attributed the record drop — which is 6.66pc — to the government’s impasse […]
ISLAMABAD -UNS : Global rating agency Moody’s on Tuesday cut Pakistan’s sovereign credit rating by two more notches to ‘Caa3’ — the lowest in three decades — amid international loan negotiations, saying the country’s increasingly fragile liquidity “significantly raises default risks”. The agency also changed the country’s outlook from negative […]
By Iftikhar Mashwani ISLAMABAD : China has once again paid the right of friendship to Pakistan by transferring 700 million US Dollars installments to the State Bank Pakistan on Friday. According sources 700 Millions of dollars have been approved by China Development Bank(CDB) on Friday as loan to Pakistan. Currently, […]
Chocolate: One of the most adored sweets in the world is chocolate. There is something for everyone, from decadent dark chocolate to creamy milk chocolate. Have you ever considered the origin of all this delectable chocolate, though? The top chocolate-producing nations in the world will be examined in this article, […]
DUBAI (Reuters) – Oman’s Civil Aviation Authority (CAA) on Thursday said the Gulf Arab state’s airspace will be open for all civilian carriers, a move that would enable Israeli airlines to utilise a Saudi-Oman corridor to cut flight times to Asia. Saudi Arabia, which like Oman does not have formal […]
KABUL -UNS/Reuters : Afghanistan’s Taliban-led administration has set up a consortium of companies, including some in Russia, Iran and Pakistan, to create a investment plan focusing on power, mining and infrastructure, the acting commerce minister said on Wednesday. The consortium included 14 Afghan businessmen and his ministry had signed a […]
ISLAMABAD -UNS: The Senate Finance and Revenue Committee urge the Federal Board of Revenue to seek speedy disposal of weighty cases by the FBR before various court specifically those bringing significant revenue to the country.In a meeting presided by Chairman committee Saleem Mandviwalla on Tuesday, the committee was apprised that […]