Pakistan Rupee Drops Past 200 a Dollar as IMF Bailout Uncertain

In this file photo, A Pakistani currency dealer counts US dollars at a currency exchange shop. (AFP)
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Updated 21 May 2022

Pakistan Rupee Drops Past 200 a Dollar as IMF Bailout Uncertain

May 21: Bloomberg reported that Pakistan’s currency plunged past 200 a dollar for the first time ever as a shortage of dollars threatens to spiral into a full blown crisis.

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Households consuming up to 100 units of power to get free electricity: CM Punjab

Updated 05 July 2022

Households consuming up to 100 units of power to get free electricity: CM Punjab

July 4: GEO News reported the Punjab Chief Minister Hamza Shahbaz announced Monday that the provincial government will bear the power cost of households that consume up to 100 units of electricity in a month. Read more I


Pakistan ponders Russian crude imports, seeks input from refiners

Updated 05 July 2022

Pakistan ponders Russian crude imports, seeks input from refiners

July 4: S&P Global has reported that the Pakistani government has asked its refineries to provide feedback on importing attractively-priced Russian crude in an effort to soften the blow from a ballooning import bill, joining a list of Asian countries which are keeping their options open to buy from the non-OPEC supplier. Read more I


Imam Ul Haq: Somerset sign Pakistan batter for remainder of County Championship campaign

Updated 05 July 2022

Imam Ul Haq: Somerset sign Pakistan batter for remainder of County Championship campaign

July 4: BBC Sport reported that Somerset has signed Pakistan batter Imam Ul Haq for their final four County Championship matches of the season. Read more I


Cabinet approves second NAB amendment bill in span of a month

Updated 05 July 2022

Cabinet approves second NAB amendment bill in span of a month

July 4: Dawn has reported that the federal cabinet on Monday passed the National Accountability (Third Amendment) Bill, 2022, with fresh legislation aiming to restrict the watchdog's role in corruption cases of over Rs500 million and taking away the president's authority to appoint accountability court judges. Read more I


Pakistani sellers to get training on Chinese market dynamics

Updated 05 July 2022

Pakistani sellers to get training on Chinese market dynamics

July 5: China Economic Net reported that the Trade Development Authority of Pakistan (TDAP) has organized a three-day training, starting on July 6, for Pakistani sellers to learn about the Chinese market. Read more I