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Pakistan’s currency hit a new historic low as the US dollar closed at Rs276.58 in the interbank market on Friday. This came as a result of widespread anxiety about the outcome of ongoing talks between Pakistan and the International Monetary Fund (IMF). According to the State Bank of Pakistan, the Pakistani rupee dropped to a …
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The latest online star is Hazim Bangwar, the new assistant commissioner for Karachi’s North Nazimabad. After the officer announced his new post on social media, several people delved into Bangwar’s personal life and uploaded photos on the microblogging platform. Bangwar came to Twitter last week to post photos from the office. “It’s an honour to …
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Karachi: Chairman of National Electric Power Regulatory Authority (NEPRA) Tauseef Farooqui has said that Rs.7 billion of incremental units Govt owe will be paid. In this regard, KATI’s written request will be processed immediately. He expressed these views while addressing a luncheon held in his honor at the Korangi Association of Trade and Industry (KATI). …
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Pakistan’s Prime Minister Shehbaz Sharif has initiated critical talks to address the country’s economic challenges and escalating terrorism. He invited parliamentarians, including opposition leader Imran Khan, to a conference scheduled for February 7. The move highlights the urgency to foster political consensus amid worsening crises. Sharif’s invitation comes as the country engages in negotiations with …
Continue reading “PM Shehbaz invites Imran Khan for talks following IMF Loan”
Bitcoin is a digital money that enables for immediate payments to anybody, anywhere in the globe. It operates without a central authority or banks, relying on peer-to-peer technology to manage transactions and issue bitcoins collectively. Bitcoin is an open-source and is freely available to the public; no one owns or controls Bitcoin, and anybody can …
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Following the rupee’s freefall against the US dollar on Friday, the price of gold topped Rs200,000 per tola (11.66 grammes) for the first time in Pakistan’s history. However, the increase in bullion prices has made jewellers upset, since legitimate customers have left the market and gamblers have entered. Speaking on the occasion, local gold pricing …
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Pakistan strongly denounced the desecration of the Holy Quran in Denmark. A statement was issued on Saturday from the Ministry of Foreign Affairs. It strongly denounced the “senseless and extremely disrespectful conduct” performed by the same Islamophobe who did a similar crime in Sweden just a few days before. “This recurrence of the heinous deed …
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Fawad Chaudhry, the leader of the Pakistan Tehreek-e-Insaf (PTI), was ordered to appear in court in Islamabad on Saturday after the police appealed the judgement of a session and district court to refuse his physical remand. Earlier, the court had denied the police’s request for an extension of Fawad’s physical detention and instead had placed …
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Pervaiz Elahi, a former chief minister of Punjab and current PML-Q leader, apologised on Thursday to the family of PTI leader Fawad Chaudhry, who was detained earlier this week on sedition-related charges. Elahi criticised PTI leaders for “misleading” party leader and former prime minister Imran Khan in a statement to the media earlier today. The …
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An IMF delegation will travel to Pakistan later this month to discuss the ninth review of the nation’s ongoing loan programme, which has stalled, the lender’s resident representative announced on Thursday. To continue the negotiations under the ninth EFF review, an in-person Fund mission is slated to visit Islamabad from January 31 through February 9 …
Continue reading “Loan Negotiations Resumed After Govt Complies with IMF Demands”
