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1-10 results from 1000 for query «rupee»

May 4, 2018 12:00 AM ADB rules out need for IMF’s bailout money

MANILA: Pakistan will probably not need bailout money from any international lender to tackle its deteriorating external account position as the country has options to raise funds from neighbouring China or from international capital market, a senior official at the Asian Development Bank (ADB) said on Thursday. “I don’t think current situation needs 5

May 1, 2018 12:00 AM SNGPL’s profit falls to Rs5.98bln in July-March

KARACHI: Profit of Sui Northern Gas Pipelines Limited (SNGPL) fell two percent to Rs5.98 billion during the July-March period, translating into earnings per share (EPS) of Rs9.43, a bourse filing said on Monday. SNGPL earned Rs6.10 billion in profit with EPS of Rs9.63 during the corresponding period a year earlier, the company said in a statement to Pakistan 8

April 24, 2018 12:00 AM Foreign loans likely to exceed Rs160bln PSDP target in FY18

ISLAMABAD: Foreign aid mostly in the shape of loans for development projects is likely to exceed the envisaged budgetary target for the outgoing fiscal year, a top official said on Monday. “The multilateral and bilateral creditors have disbursed Rs140 billion for different development projects as part of the Public Sector Development Program (PSDP) in the first 23

April 22, 2018 2:07 AM Dollar hits all-time high of Rs118.20

KARACHI: Devaluation of local currency against the US dollar continued in the open market on Saturday as the greenback hit an all-time high of Rs118.20. Currency dealers said the dollar was not easily available since its demand was very high, particularly after the government barred property deals without accompanying disclosure on source of income 2

April 15, 2018 12:00 AM Over Rs59b proposed for Water Division in upcoming budget

ISLAMABAD: The government has proposed allocation of Rs 59.009 billion for Water Resource Division for upcoming budget 2018-19 including Rs 18 billion for construction of much awaited Diamer Basha Dam, The News has learnt. The government has created unique head, first time in recent history, and proposed allocation of Rs11.588 billion for priority projects 5

April 1, 2018 1:20 PM 'A man of honour always pays his debts': Aitzaz returns Rs10,000 to CJ's son

Senior lawyer Aitzaz Ahsan has returned Rs10,000 to son of Chief Justice Mian Saqib Nisar,paid by him as fine imposed on Pakistan People's Party leader. The Supreme Court imposed a fine of Rs10,000 on Ahsan for not appearing in a case pertaining to infant formula. In a letter to CJ's son Najam Saqib, Aitzaz Ahsan said, `Your father,the honourable Chief 5

March 29, 2018 12:00 AM Keeping economy, CPEC intact: Pakistan seeks friends’ help to avoid IMF bailout

ISLAMABAD: In order to keep its economy afloat and avoid the IMF bailout package to ensure smooth running of $60 billion China Pakistan Economic Corridor (CPEC) project, Pakistan has shared different proposals with friendly countries, especially Saudi Arabia and China. The friendly countries have been requested to provide Islamabad with $6 to $8 billion 7

March 28, 2018 12:00 AM Jang Economic Session: ‘Rupee devaluation to add to inflation’

LAHORE: Devaluation of rupee against the US dollar on the pressure of IMF is bad for the Pakistan’s economy and it will bring a new wave of inflation, increase the economic woes of commoners, and widen the trade deficit and foreign debt burden, besides pushing the cost of doing business and energy costs upwards. These views were expressed by the experts 3

March 28, 2018 12:00 AM Textile Asia exhibition kicks off

KARACHI: The 19th International Textile Asia Exhibition was inaugurated on Tuesday. Over 450 companies are showcasing 650 products at 800 stalls in the three-day exhibition. Around 1,200 foreign delegates from China, Korea, France, Germany, Italy, Vietnam, and Turkmenistan are showcasing their items at the expo. Federal Commerce Secretary Younus Dagha 9

March 21, 2018 12:00 AM SBP urged to control dollar surge

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded the central bank to control rapid surge in dollar price through strict measures, otherwise rupee devaluation will give a big blow to the economy, a statement said on Tuesday. “Inter-bank US dollar rate is ringing alarming bells and calling for immediate attention of the State Bank of Pakistan 4