RIYADH/CAIRO: The Opec member countries saw their income from crude exports last year, falling down by over $240 billion as their shipments fell by 12.4 per cent, Arab News reported. The Opec members’ petroleum exports, which include crude oil and oil products, have dropped significantly, decreasing by 42.9 per cent in 2020. The 2020 figure stood at … Read more
RIYADH: Saudi Arabia’s unemployment rate fell to the lowest level since at least the second quarter of 2016, even as more men are finding jobs in the economy than women. Unemployment rate of Saudis has decreased to 11.3 per cent in the second quarter of 2021, on the back of ongoing government efforts to boost … Read more
RIYADH: Saudi Arabia’s Public Investment Fund (PIF) is exploring a sale of part of its stake in Saudi telecom giant ‘stc’ to international and local investors, while maintaining majority stake of more than 50 per cent in the company, Arab News quoted the PIF, as saying, in a statement. PIF has appointed Goldman Sachs Saudi Arabia, HSBC … Read more
RIYADH/JEDDAH: Saudi Arabia is expecting to see a budget deficit of SR52 billion in 2022, Arab News quoted a budget forecast from the Ministry of Finance. The kingdom’s revenues are expected to reach SR903 billion, while spending SR955 billion. Saudi Arabia is expected to report a narrower budget deficit this year, amid rising oil prices and a … Read more
DUBAI: Innovative government initiatives and reforms, along with the delayed Expo 2020 event are set to usher in a period of stronger growth for the UAE’s non-oil economy, Khaleej Times quoted analysts at Oxford Economics, as saying. The Expo 2020 Dubai, which begins on October 1, is set to be an important driver for the non-oil economy. “The global … Read more
DUBAI: The UAE has achieved a major international milestone by being ranked in 10th place in the World Digital Competitiveness Ranking 2021 led by the US four years running, Khaleej Times reported. The index issued by the IMD World Competitiveness Center (WCC) of the International Institute for Management Development (IMD), shows that the UAE leads the Middle East and … Read more
KARACHI: President Dr Arif Alvi has said that Pakistan was making a lot of efforts for sustainability of the marine sector by reducing sea pollution. He expressed these views, while addressing a ceremony via video-link from Islamabad. The ceremony was organised in connection with the World Maritime Day 2021 by the Ministry of Maritime Affairs. … Read more
BRUSSELS: The State Bank of Pakistan (SBP) has launched ‘Roshan Apna Ghar’ Scheme for non-resident Pakistanis for acquisition of residential and commercial properties in the country, a diplomat said. During the 9th Khuli Katchery, organised by the Pakistan Embassy in Brussels, in a virtual format with the Diaspora in Belgium, and Luxembourg, Ambassador of Pakistan … Read more
ISLAMABAD: The October calendar of the Pakistan Pavilion at the Expo 2020 Dubai was released, and it is sure to stir excitement, with cultural, historical, and business events running throughout the grand event’s opening month. The focus of the first month at the pavilion will be Balochistan. Each day will offer visitors a different and … Read more
ISLAMABAD: The government has enhanced the petrol prices by Rs4/litre after making adjustments in the sales tax and petroleum levy, a statement issued by the Finance Ministry said. The new prices would be effective from October 1 for the next fortnight, it added. Accordingly, petrol would be sold at Rs127.30/litre against its existing sale at … Read more
KARACHI: The parent company of Naya Nazimabad, Javedan Corporation Limited (JCL), has received an amount of Rs1 billion from Habib Bank Limited (HBL) under the SBP’s Islamic Refinance Facility at zero per cent markup for the construction of Naya Nazimabad Hospital, a statement said. Naya Nazimabad had initially planned to construct this hospital in 2025 … Read more
KARACHI: Recover™ has signed a multiyear agreement with Al-Karam Textile Mills to provide a collaborative end-to-end solution to meet the design, development, production and sustainability demands in the home textile industry, a statement said. The partnership will allow Al-Karam Textile Mills to seamlessly integrate the lowest impact and sustainable Recover™ recycled cotton fibre into their … Read more
ISLAMABAD: Pakistan’s reform process in the power sector, as well as efforts to enhance revenue collection, are bearing fruits, a senior government official said. During a meeting with Yong Ye, country director of the Asian Development Bank (ADB), who paid a courtesy call on him, Federal Finance and Revenue Minister Shaukat Tarin said that the … Read more
KARACHI: The liquid foreign exchange reserves of Pakistan have dropped $252 million to $26.151 billion by the week ended September 24, 2021, the State Bank of Pakistan (SBP) reported on Thursday. The foreign exchange reserves of the country were at $26.403 billion by the week ended September 17, 2021. The official reserves of the central … Read more
KARACHI: Today (UAE Dirham to PKR) exchange rate in Pakistan’s currency market on (1st October, 2021) updated here. BOL News update daily currency exchange rates. The buying rate of the Dirham to PKR (AED TO PKR) was Rs 44.00 while its selling rate was Rs 46.49 currency market on October 1st, 2021. Today UAE Dirham … Read more
Karachi: Gold Rate in Pakistan today on 1st October 2021 is being sold for Rs. 97480 per 10 grams, and the price of Gold is Rs. 113700 per tola in Pakistan today. Today Gold Rate in Karachi Check the updated price of Gold (Last Updated, 1st October 2021) Karachi Is the main hub for Gold Rate, Every City … Read more
KARACHI: Pakistan Meteorological Department (PMD) Early Warning Centre said on Friday that a deep depression over the northeast Arabian sea had intensified into a cyclonic storm, and the system was likely to move west-southwestwards towards Oman/Makran. In its fifth alert, the department said that the storm was at a distance of 280-km southwest of Karachi, … Read more
Karachi: USD to PKR – Today US Dollar price in Pakistan on 1st October 2021 is Rs. 170.75. This is the inter-bank closing exchange rate for the US Dollar to Pakistani Rupee which is provided by the State Bank of Pakistan (SBP) every day. US Dollar to Pakistan Rupee rate is based on open market rates which are … Read more
Pakistani film actor Meera has claimed that the showbiz industry suffered a massive financial loss worth billions due to the [Dual Nikah] case against her. The Baaji actor, who has been involved in numerous scandals, made the declaration today at the hearing of the dual Nikah case in a local court in Lahore. The dual … Read more
National T20 Cup: Khyber Pakhtunkhwa defeated Sindh by 6 wickets in the 12th match of the National T20 Cup in Rawalpindi Stadium. Fakhar Zaman was awarded Player of the match as he scored 49 runs off 32 balls, and remained the top scorer of Khyber Pakhtunkhwa. He smashed 4 boundaries and 4 sixes. Sahibzada Farhan … Read more
Ushna Shah, an actor, is disappointed with Indian director Sanjay Leela Bhansali’s upcoming film Heeramandi. Turning to her Twitter, the Bashar Momin star, who has been quite vocal on the subject, went on to explain why a series about Lahore courtesans should be made by Pakistani filmmakers. “Heera-Mandi was what present-day inner-city Lahore is. Like … Read more
