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1-10 results from 1000 for query «dollar»

November 16, 2018 12:00 AM Rosmah hit with new graft charges

KUALA LUMPUR: The wife of Malaysia’s toppled ex-leader was hit with two new corruption charges on Thursday for allegedly accepting bribes worth 189 million ringgit ($45 million) to help a firm secure a government solar power contract. Rosmah Mansor -- widely reviled in Malaysia due to her penchant for lavish overseas shopping sprees -- has already been charged

November 10, 2018 12:00 AM Pakistan owes $1.7bln in foreign debt repayments till yearend

ISLAMABAD: Pakistan has to cough up $1.7 billion on account of foreign debt repayments till December this year, official data showed on Friday, posing risks to the country’s already shrinking foreign exchange reserves. The data gathered from different ministries showed that the country needs to make debt servicing of more than $1.7 billion in shape of principal 4

November 10, 2018 12:00 AM Qatari cash reaches Gaza

Palestinian civil servants formed long queues in Gaza on Friday to receive Qatari-funded salaries, as part of efforts to ease tensions in and around the impoverished territory. A total of $90 million is to be distributed in six monthly instalments of $15 million, according to authorities, primarily to cover salaries of officials working for Hamas, the Islamist 2

November 7, 2018 12:00 AM Pakistan, China eye economic integration

ISLAMABAD: Pakistan and China agreed to focus cooperation in agriculture sector, industrial uplifts and trade integration under the next phase of economic corridor projects, the finance ministry said on Tuesday. The ministry said the leaderships of the two countries decided that the next stage of China-Pakistan Economic Corridor (CPEC) will focus on industrial 5

November 5, 2018 1:51 PM Pakistan, China agree to trade in Rupee, Yuan instead of dollar

ISLAMABAD: Pakistan and China have agreed to do trade in their own currencies instead of dollar, Jang has reported. According to report, the two countries agreed to do business in Pakistani rupee and Chinese currency Yuan during the visit of Prime Minister Imran Khan to Beijing. Before Chinese President Xi Jinping and PM Imran Khan, Turkish President 4

October 26, 2018 12:00 AM October FX reserves fall below $8bln for first time in nearly 5yrs

Karachi: Pakistan’s official foreign exchange reserves sharply fell 3.3 percent to $7.825 billion, leaving the country with an alarmingly low level of dollars to pay for less than two months of import bill and debt servicing, although analysts bet on the latest Saudi rescue that would likely to stave off a brewing balance of payment crisis. The reserves 6

October 20, 2018 2:52 PM Country has sought loan from IMF for the last time: Asad Umar

KARACHI: Finance Minister Asad Umar, talking to the media regarding Pakistan’s decision to go for an IMF bailout, said this is the last time the country is seeking a loan. “This will be the last IMF programme,” the finance minister said at an event held on Saturday at the Pakistan Stock Exchange. He added, “The media is portraying the country’s economy 3

October 10, 2018 12:00 AM LCCI slams rupee devaluation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to direct Ministry of Finance and State Bank of Pakistan to immediately intervene in the matter of rupee devaluation, as it is bound to hit all the sectors of the economy hard, a statement said on Tuesday. LCCI President Almas Hyder said that the government should start 5

October 7, 2018 12:00 AM Russia’s major banks see forex outflow amid sanctions threats

MOSCOW: Russia’s largest lenders, state-owned Sberbank and VTB, saw outflows of foreign currency deposits in August amid a rouble depreciation and concerns about new U.S. sanctions, according to an analysis of central bank data. Some of their smaller rivals, however, and subsidiaries of foreign banks in Russia saw inflows to their FX deposits in the same period 5

October 4, 2018 12:00 AM Stocks led lower by weak auto shares

KARACHI: Stocks continued to fall for the third consecutive session on Wednesday, as blue-chip auto shares took a hit on government decision to bar non-filers from buying vehicles, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporations said, “Bearish activity was witnessed at PSX after NA passed the Finance (Amendment) Bill restricting non-filers 5