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Following more clarity on the country’s political environment, the Pakistani Rupee (PKR) exhibited a positive trend versus the US dollar, strengthening by Rs1.43 in the interbank market on Monday. When compared to the previous closing of Rs184.68, the dollar was valued at 183.25. The local unit ended its lengthy losingRead More →

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On the local market, the price of 24 carat per tola gold jumped by Rs 150 and was sold for Rs 131,350 on Thursday, up from Rs 131,200 the previous day. According to the All Sindh Sarafa Jewellers Association, the price of a gramme of 24 karat gold increased byRead More →

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On Monday, the price of 24 carat per tola gold fell by Rs 550 and was sold for Rs 131,350 on the local market, down from Rs 131,900 the day before. The price of 10 gramme 24 karat gold fell by Rs472 to Rs 112,611 from Rs 113,083, according toRead More →

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WASHINGTON: If Russia cannot pay its foreign loans, the ramifications for the global financial system are likely to be “minimal,” according to a top official at the International Monetary Fund. In punishment for Russia’s invasion of Ukraine, the US and its allies put harsh financial sanctions on the country, butRead More →

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DUBAI: Finance and Revenue Minister Shaukat Tarin claimed the Financial Action Task Force’s (FATF) decision to keep Pakistan on its grey list is “politically driven,” according to the Khaleej Times. Tarin told the Middle East publication: “FATF’s decision was made under the influence of some powerful nations to pressurise PakistanRead More →

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BEIJING: The Chinese government has awarded Pakistan International Airlines (PIA) two new operating licences, for Guangzhou and Xian, in addition to Beijing. Passenger flights to and from these stations can now be scheduled by the national flag airline. Previously, PIA only had an operating licence for Beijing, but the CivilRead More →

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The Pakistani rupee fell 21 paisas against the US dollar in interbank trade on Monday, according to the State Bank of Pakistan, concluding at Rs177.62 against a previous day’s close of Rs177.41 (SBP). The open market purchasing and selling values of the dollar, according to the Forex Association of Pakistan,Read More →