Category: Business

Business news from Pakistan

Govt maintaining exchange reserves amid flood crisis: Miftah

ISLAMABAD, Aug 31 (APP):Federal Minister for Finance and Revenue, Miftah Ismail said here Wednesday that Pakistan has been trying to maintain an optimum level of foreign exchange reserves amid flood damages to ensure exchange-rate stability and control inflation. During a meeting with a delegation of Coca Cola Icecek Pakistan, led by its General Manager, Ahmet… Continue reading Govt maintaining exchange reserves amid flood crisis: Miftah

ADB assures Pakistan of its support to build resilience, mitigate climate crisis

ISLAMABAD, Aug 31 (APP):President Asian Development Bank (ADB), Masatsugu Asakawa on Wednesday assured the Pakistan government of full support in building resilience and mitigating impact of climate crisis. “The news out of Pakistan is extremely distressing, my thoughts are with the victims and families affected by the severe floods”, he said on his official twitter… Continue reading ADB assures Pakistan of its support to build resilience, mitigate climate crisis

Exchange rates for currency notes

KARACHI, Aug 31 (APP):(31-08-22) CURRENCY SELLING BUYINGUSD 222.81 217.90GBP 260.20 254.45EUR 223.53 219.04JPY 1.6075 1.5721SAR 59.39 57.93AED 60.68 59.71 LIBOR FOR CALCULATING INTEREST ON SPECIAL USD BONDSLIBOR 1M 2.52386LIBOR 3M 3.06957LIBOR 6M 3.56643 US DOLLAR Indicative FBP Rates CURRENCY SIGHT/15 DAYS 1M 2M 3M 4M 5M 6M USD 219.11 218.15 216.43 214.99 213.24 211.50 209.91… Continue reading Exchange rates for currency notes

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Govt taking measures to enhance trade with Afghanistan: Miftah

  ISLAMABAD, AUGUST 30 (APP): Federal Minister for Finance and Revenue, Miftah Ismail said here on Tuesday that the government was taking measures to enhance trade volume with the neighboring countries including Afghanistan. During a meeting with Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) led by its Chairman, Zubair Motiwala, the finance minister said… Continue reading Govt taking measures to enhance trade with Afghanistan: Miftah

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IMF approves release of $1.1 billion for Pakistan

ISLAMABAD, Aug 30 (APP):The Executive Board of the International Monetary Fund (IMF) completed on Monday the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget support under… Continue reading IMF approves release of $1.1 billion for Pakistan

Miftah Ismail assures KP of full support, cooperation

ISLAMABAD, Aug 29 (APP):Federal Minister for Finance and Revenue Miftah Ismail Monday held a meeting with the Finance Minister of Khyber Pakhtunkhwa Taimur Saleem Jhagra here and assured him of full support and cooperation, The Finance Minister Khyber Pakhtunkhwa briefed Finance Minister Miftah Ismail about the finances of newly merged districts. He also shared about… Continue reading Miftah Ismail assures KP of full support, cooperation

Pakistan to face big challenge of food security due to floods, torrential rains: Ahsan Iqbal

ISLAMABAD, Aug 29 (APP):Minister for Planning, Development, and Special Initiatives Ahsan Iqbal Monday said that the country might face a big challenge of food security as rice, banana, onion and other agriculture produces have been badly affected due to the recent floods. He said that the recent floods and torrential rains have also damaged 40-50… Continue reading Pakistan to face big challenge of food security due to floods, torrential rains: Ahsan Iqbal

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