Category: Business

Business news from Pakistan

NBP Exchange Rates

KARACHI, May 26 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Thursday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT BuyingU.S DOLLAR USD 202.35 201.85EURO EUR 216.98 216.44 JAPANESE YEN JPY 1.5888 1.5849BRITISH POUND GBP 254.72 254.09SWISS FRANC CHF 210.51 209.99 CANADIAN DOLLAR CAD 157.80 157.41AUSTRALIAN DOLAR AUD 143.52 143.17SWEDISH KRONA… Continue reading NBP Exchange Rates

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Currency rates of NBP

KARACHI, May 26 (APP):Following are the selling/buying rates Of major currencies issued by the National Bank of Pakistan (NBP), here on Thursday. CURRENCY SELLING BUYINGUSD 204.37 199.83GBP 257.27 251.53EUR 218.74 214.22 JPY 1.6047 1.5689SAR 54.55 53.21AED 55.66 54.76

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Foreign exchange rates

KARACHI, May 26 (APP):The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Thursday. CONVERSION RATES FOR 26TH MAY 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE MAY 31, 2022 USD 201.8625 GBP 253.3374 EUR 215.8112 JPY 1.5868

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IMF delays programme revival for Pakistan, stresses removing fuel, energy subsidies

ISLAMABAD, May 25 (APP): The International Monetary Fund (IMF) Wednesday concluded talks with the Pakistan team for the revival of the Extended Fund Facility Programme and stressed taking concrete policy actions, including in the context of removing fuel and energy subsidies and the FY2023 budget, to achieve program objectives. An IMF mission led by Nathan… Continue reading IMF delays programme revival for Pakistan, stresses removing fuel, energy subsidies

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Pakistan’s fragile economy cannot afford political turmoil: SCCI

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ISLAMABAD, May 25 (APP): SAARC Chamber of Commerce and Industry (SCCI) President, Iftikhar Ali Malik cautioned Wednesday that country’s fragile economy was not in position to bear the brunt of prolonged political turmoil at this crucial juncture of time. The political turmoil had been inflicting tremendous loss to economy, making the lives of poor more… Continue reading Pakistan’s fragile economy cannot afford political turmoil: SCCI

Foreign exchange rates

KARACHI, May 25 (APP): The Exchange Rates Committee of Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Wednesday. CONVERSION RATES FOR 25TH MAY 2022 FOR FOREIGN CURRENCYFOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE MAY 27, 2022 USD 201.2977 GBP 253.2124 EUR 215.9320 JPY 1.5814

Pakistan Customs to ensure strict vigilance at all airports to prevent smuggling

ISLAMABAD, May 24 (APP):Pakistan Customs (FBR) has stepped up enforcement at all International Airports across the country to prevent smuggling of items which have recently been banned by the Federal Government by amending Import Policy Order, 2022. This round-the-clock vigilance at International Terminals to prevent smuggling have already resulted in seizures of these items which… Continue reading Pakistan Customs to ensure strict vigilance at all airports to prevent smuggling

PSX continued with bearish trend, loses 489 points

ISLAMABAD, May 24 (APP):The KSE 100-index of the Pakistan Stock Exchange (PSX) continued with bearish trend on Tuesday, losing 489.93 points, with a negative change of 1.15 percent, closing at 41,950.32 points against 42,440.25 points on the last working day. A total of 169,707,409 shares were traded during the day compared to the trade of… Continue reading PSX continued with bearish trend, loses 489 points

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Media conclave reviews CSR, socioeconomic development under CPEC

ISLAMABAD, May 23 (APP):Speakers at a two-day media conclave and roundtable conference appreciated the role undertaken by Chinese companies working in Gwadar in the domain of Corporate Social Responsibility (CSR). However, they highlighted the importance of effective development communication and positive engagement with local communities for the effectiveness and long-term success of these projects. The… Continue reading Media conclave reviews CSR, socioeconomic development under CPEC

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