KARACHI, Pakistan: The State Bank of Pakistan (SBP) has issued instructions to its Regulated Entities (REs) for enabling RAAST Person-to-Merchant (P2M) payment service for their customers.The Raast P2M...

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485 international players registered for HBL PSL Player Draft 2024

LAHORE, Pakistan: As many as 485 international players from 22 nations have registered for the HBL PSL Player Draft 2024 scheduled to take place...

Interbank Dollar Rate Today in Pakistan – 6 December 2023

Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for December 06,...

China mobilizes funds for Rohingya refugee women in Bangladesh

By Md. KamruzzamanDHAKA, Bangladesh: China is mobilizing US$ 1.5 million to support Rohingya refugee women in Bangladesh to improve hygiene services, according to...

AUD to INR: Australian Dollar to Indian Rupee Today – 6 December 2023

The Australian Dollar (AUD) was trading at 54.87 as per the Indian Rupee (INR) on Wednesday.Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 6 December 2023

The US Dollar (USD) was being bought and sold at Rs 283.3 and Rs 286 in the Open Market against the Pakistani Rupee (PKR)...

Economic Performance
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PDM havoc: State Bank reserves fell by over $8 billion after No Confidence Motion against Imran Khan

The foreign exchange reserves with the State Bank of Pakistan depleted by US$ 8.1 billion to stand at US$ 8 billion from US$ 16.2 billion after the No Confidence Motion (NCM) was moved by the Pakistan Democratic Movement (PDM)-led Opposition to oust the then Prime Minister Imran Khan on...

Pakistan’s total debt and liabilities jump 43.84% to Rs 77.1 trillion during PDM government

By Mati Ullah KhanISLAMABAD, Pakistan: Pakistan’s total debt and liabilities jumped to Rs 77,104.1 billion (Rs 77.1 trillion) by the end of the Fiscal Year 2022-23, an addition of Rs 23,511.8 billion (Rs 23.5 trillion) or 43.84% in just 15 months government of the Pakistan Democratic Movement (PDM) from...

Petrol price in Pakistan increased by over Rs 123 in PDM government

Petrol price in Pakistan amounting to Rs 282.00 per litre from April 16 to May 15, 2023 in the PDM government was the highest ever in the Country’s history.By Mati Ullah KhanISLAMABAD, Pakistan: The petrol price in Pakistan reached a level of Rs 272.95 per litre in merely...

PTI vs PML-N: Overseas Pakistanis Remittances fall by 13.7% in PDM government

By Mati Ullah KhanThe remittances sent by Overseas Pakistanis have always been a key source of balance of payment support in the Country.In Pakistan, when the financial situation remains aggravated due to insufficient Foreign Exchange Reserves together with increased import bills and deteriorating trade balance, remittances provide a significant...

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