Due to the high exchange rate of the US dollar, the value of 1,000 rupees decreased to only 660 rupees within a year. According to the details, reduced income and increased expenses led to the defeat of the middle class in the battle against inflation. In the past year, the purchasing power of ...

Amidst a rapid devaluation of the US dollar and mounting concerns regarding illicit dollar speculation, exchange firms have initiated the process of depositing their dollar reserves into the State Bank of Pakistan, as reported by ARY News on Thursday. This move by exchange companies is primarily ...

ISLAMABAD – Finance Minister Ishaq Dar on Thursday rubbished the malicious rumours about Pakistan's possible default. In a series of tweets, he said these rumours were not only completely false but also belied the facts. The minister said forex reserves held by the State Bank of Pakistan had ...

*ISLAMABAD: Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has strongly criticised the federal government over massive depreciation in the value of the Pakistani Rupee against the US dollar. * Taking to Twitter, the former premier pointed out: “When US ...

Performance evaluation of more than 1300 civil servants has begun by an independent board. This was mentioned in a chart shared by Information Minister Chaudhry Fawad Hussain in a tweet on Monday. The chart further stated that officers who have served for twenty years will be objectively ...

ISLAMABAD - National Accountability Bureau (NAB) Chairman Justice (Retd) Javed Iqbal Tuesday said the Bureau had planned to approach the Higher Education Commission (HEC) for using its library for future benefit of NAB prosecutors. Chairing a fortnightly meeting to review performance of NAB’s ...

ISLAMABAD - The International Monetary Fund's (IMF's) Review Mission is expected to reach Islamabad today (Monday). IMF to evaluate implementation of economic targets agreed by Pakistan for $ 6 billion facility. On July 3, 2019, the IMF Executive Board had approved the $ 6 billion for Pakistan ...

ISLAMABAD - Prime Minister Imran Khan says the devaluation of rupee occurred due to current account deficit of 19.5 billion dollars the PTI government inherited. Speaking in National Assembly this afternoon, he said the biggest reason of shortage of dollars in the country is money laundering ...

ISLAMABAD – Former finance minister Asad Umar, while responding to the matter of sudden devaluation of rupee against the US dollar, said on Thursday that the issue would be raised in the meeting of the National Assembly’s Standing Committee on Finance and Economic Affairs. He spoke to the ...

LAHORE: National Accountability Bureau (NAB) Lahore arrested General Manager Procurement & Contracts Muhammad Tahir Maqbool of Lahore Waste Management Company (LWMC) over illegal evaluation charges. According to NAB spokesman, the accused Muhammad Tahir was associated with LWMC as GM, ...