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1-10 results from 1000 for query «currency»

January 12, 2019 12:00 AM Government raises drug prices up to 15 percent

KARACHI: The government kicked off 2019 with drug prices raised by between 9.0 percent and 15 percent to provide much-needed relief to the local manufacturers after massive rupee devaluation in recent months, an official said on Friday. Drug Regulatory Authority Pakistan (DRAP) said the current increase is due to 30 percent decrease in value of rupee 4

January 11, 2019 12:00 AM Forex reserves fall to $13.597 billion

KARACHI: Pakistan’s foreign exchange reserves dropped 1.74 percent, or $240 million, during the week ended January 4, the central bank reported on Thursday. The foreign exchange reserves stood at $13.597 billion, compared with $13.837 billion in the previous week. The foreign currency reserves held by the State Bank of Pakistan declined $239 million 2

January 5, 2019 12:00 AM Govt likely to get $4.7blnin oil, LNG credit facilities

ISLAMABAD: Pakistan is likely to grab $4.7 billion in credit facilities for oil and liquefied natural gas (LNG) imports from the United Arab Emirates (UAE) and a financial institution with a gulf nation’s deal expected to be concluded during an Emirati prince visit to the country on Sunday (tomorrow), senior officials said on Friday. The officials said Abu Dhabi’s 2

January 2, 2019 12:00 AM China to lend Pakistan $2 billion

ISLAMABAD: China has agreed to lend at least $2 billion to Pakistan for helping it boost its dwindling foreign exchange and tanking currency, the Financial Times reported. The report, quoting two senior Pakistan government officials, said the loan is aimed at helping with a weakening fiscal position and high debts. “China’s promise to Pakistan is an indication

December 31, 2018 12:00 AM Revival of sponsorship for Government Haj Scheme demanded

Islamabad: The Rafiq-e-Hujjaj Committee on Sunday demanded the continuation of subsidy and revival of sponsorship scheme from Government Scheme Hujjaj. Talking to APP, President Rafiq-e-Hujjaj Committee Babu Imran Qureshi lauded retaining 60:40 per cent Haj quota for government scheme and private scheme hujjaj respectively. Urging Religious Ministry 1

December 21, 2018 8:59 AM UAE to deposit US$3 billion in State Bank of Pakistan

ABU DHABI: A month after Prime Minister Imran Khan's meeting with Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, the United Arab Emirates announced its intention to deposit US$3 billion (equivalent to AED11 billion) in the State Bank of Pakistan to support its financial and monetary policy, Emirates News Agency said Friday. The Abu Dhabi 4

December 14, 2018 7:40 AM Another $1bn bailout package received from Saudi: SBP

A State Bank of Pakistan (SBP) official on Friday confirmed that a second $1 billion bailout package from Saudi Arabia had been received by Pakistan. SBP Spokesman Abid Qamar, confirming the development, said that the latest package had shored up the central bank's foreign reserves, hitting the $9.4bn mark. The SBP spokesman added that another Saudi 4

November 30, 2018 1:36 PM Pakistani rupee firms to 136 per dollar

ISLAMABAD: The Pakistani rupee firmed to 136 to the dollar in volatile trading on Friday, market participants said, after the currency plunged to 143 in the morning. The rupee was trading at about 136 per dollar at 3.45 p.m (1045 GMT), down about 1.5 percent from its 134 level open, dealers said. In the morning session, the rupee was down more than 6 percent 3

November 27, 2018 12:00 AM PPP leaders predict critical days for PTI

MULTAN: Pakistan People's Party workers and lawyers have paid tribute to former PM Zulfiqar Ali Bhutto for giving political awareness to masses about their rights and drafting the 1973 Constitution. The tribute was paid at the cake-cutting ceremony in connection with the 51st foundation day of the party at Multan District Bar Association. The event was organised 5

November 20, 2018 1:56 PM Pakistan, IMF extend bailout talks after failing to reach agreement

ISLAMABAD: Pakistan has extended talks with the International Monetary Fund (IMF) after the two sides failed to agree on the terms of a bailout package, a finance ministry official said on Tuesday, with a final deal now expected by mid-January. Pakistan is negotiating its second IMF bailout since 2013 and talks were expected to conclude this month during 8