ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has appreciated Finca Microfinance Bank for reaching out to the remote areas of Pakistan where the formal banking sector is not available. During a meeting with the delegation of Finca Microfinance Bank led by its global chief executive officer Andree Simon, Tarin said … Read more
LONDON: Yorkshire were suspended from staging international matches after the England and Wales Cricket Board strongly condemned their handling of a racism row involving Azeem Rafiq, with ex-England captain Michael Vaughan later denying allegations he had abused his one-time team-mate. The 30-year-old Rafiq has accused Yorkshire of failing to deal adequately with his allegations of … Read more
ISLAMABAD: Saudi Arabia had always supported Pakistan in difficult times, a senior government official said. Speaking at the inaugural ceremony of the Saudi Winter Kit Distribution, Minister for Information and Broadcasting Chaudhry Fawad Hussain said that the project would provide shelter to the poor people, especially those hit by the natural calamity in Harnai, Balochistan. … Read more
KARACHI: The average customer rates of buying and selling of US dollar (USD) against Pakistani rupee (PKR) are Rs169.8 and Rs171.3 at 11:30 am PST on November 5, 2021. The USD remains stable against the PKR when compared with the buying and selling of Rs169.8 and Rs171.3 on November 4, 2021. The exchange rate is … Read more
ISLAMABAD: The World Bank has projected Pakistan’s debt-to-GDP ratio to ease to 90.6 per cent in the current fiscal year and 89.3 per cent in the next fiscal year 2022/23. The World Bank in its recent report “Pakistan Development Update October 2021” said that the total debt-to-GDP ratio had peaked to 92.7 per cent in … Read more
KARACHI: The average customer rates of buying and selling of Saudi Arabian Riyal (SAR) against Pakistani rupee (PKR) are Rs44.5 and Rs45 at 11:24 am PST on November 5, 2021. The SAR remains stable against the PKR when compared with the buying and selling of Rs44.5 and Rs45 on November 4, 2021. The exchange rate … Read more
ISLAMABAD: A day after Prime Minister Imran Khan had warned that prices of petroleum products would go up, the government on Thursday night increased petrol price by Rs8.03 to Rs145.82 per litre, an all-time high, with immediate effect. The ministry of finance made the announcement late last night through a notification, according to which the … Read more
ISLAMABAD: Pakistan and the Association of Southeast Asian Nations (Asean) countries need to introduce new dimensions for enhancing bilateral trade and economic ties, a diplomat said. Asean Islamabad Committee chairman and Indonesian Ambassador to Pakistan Adam M Tugio stated this, while talking to APP, on the sidelines of the roundtable conference, jointly organised by the … Read more
PARACHINAR: The aid and relief organisations of Pakistan have provided 2.2 tonnes of relief goods, including edibles and medicines to its Afghan brethren through Kharlachi Border in Kurram district. The border authorities said a convoy of 30 truckloads reached the border and handed it over to the Afghan authorities during a documentation signing ceremony. Kurram … Read more
RIYADH/CAIRO: In an unusual way to address the press in an Opec+ conference, the Saudi energy minister Prince Abdulaziz bin Salman shared a document that goes back to 1979 to show that the energy crisis of today is rooted back in the decision of the most developed nations then under the G-7 group, Arab News … Read more
Abeer Rizvi, a former supermodel, is retiring from the fashion world. The 33-year-old model, who rose to fame after winning Veet-Miss Super Model 2012, is now focusing on ‘other future goals.’ On Thursday, Rizvi took to Instagram to post a lengthy statement with her admirers, explaining her choice. “Hi everyone. I just wanted to make … Read more
DUBAI: The United Arab Emirates (UAE) aims to capture 25 per cent of the global hydrogen fuel market by 2030, state news agency WAM reported. The major oil producer also said that it was implementing more than seven ambitious hydrogen projects, targeting main export markets including Japan, South Korea, Germany and India, in addition to … Read more
KARACHI: The average customer rates of buying and selling of Omani riyal (OMR) against Pakistani rupee (PKR) are Rs440 and Rs 441.82 at 10:58 am PST on November 5, 2021. The OMR slightly gains against the PKR when compared with the buying and selling of Rs 440 and Rs 441.55 on November 4, 2021. The … Read more
RIYADH: The Islamic Development Bank (IDB) is providing more than $3 billion in financing for renewable energy projects, and more than $5 billion of sustainable Sukuk have been issued in the last four years, mostly to finance green projects, Muhammad Al-Jasser, the IDB’s president, told Al Arabiya. The bank issued Sukuk worth $1.5 billion, with … Read more
JEDDAH: Three private companies are to go public, offering around nine million shares in the initial public offerings (IPOs), Arab News quoted the Saudi Exchange market, Tadawul, as saying. Among them was the Riyadh-based Advanced International Company, specialising in providing technical and security solutions, offering 400,000 shares. Alwasail Industrial Co also offered 2.5 million shares. … Read more
KARACHI: The average customer rates of buying and selling of Pound Sterling (GBP) against Pakistani rupee (PKR) are Rs230.5 and Rs233 at 10:53 am PST on November 5, 2021 The GBP remains stable against the PKR when compared with the buying and selling of Rs230.5 and Rs233 on November 4, 2021. The exchange rate is … Read more
SYDNEY: Australia on Friday postponed its first-ever cricket Test against Afghanistan, after the country’s ruling Taliban regime effectively banned women from playing the sport. Australia’s cricketing authorities said that after consultation with “relevant stakeholders” they decided the men’s Test, to be played in Hobart this month, would not go ahead as planned. After the Taliban ousted Afghanistan’s elected … Read more
JEDDAH: The Kuwait’s Directorate General of Civil Aviation (DGCA) plans to spend $8.2 billion on 14 projects to develop the state’s main airport. The investment will transform it into an active regional centre for air transport, passengers and cargo, Alarabiya reported, citing DGCA. The projects include a new terminal that accommodates 25 million passengers annually … Read more
KARACHI: The average customer rates of buying and selling of Euro (EUR) against Pakistani Rupee (PKR) are Rs195 and Rs197 at 10:49 am PST on November 5, 2021. The EUR remains stable against the PKR when compared with the buying and selling of Rs195 and Rs197 on November 4, 2021. The exchange rate is based … Read more
RIYADH: The National Observation of Labour (NLO) revealed an increase of one per cent in the Saudisation rate in the private sector, adding around 60,000 more employees to the labour market during the third quarter of 2021. The current rate of Saudisation is 23.6 per cent of the total employees in the private sector, according … Read more
KARACHI: The rate of one Bitcoin (BTC) in Pakistani rupee (PKR) is Rs10,534,733.76 on November 5, 2021 in the open exchange market. The rate of BTC increased when compared with the previous day’s BTC rate which is Rs.10,443,407.265 on November 4, 2021. The rate of BTC in US dollars (USD) is $61,978.31 on November 5, … Read more
RIYADH: Egypt’s grocery delivery startup Breadfast has raised a $26 million Series A round, co-led by Vostok New Ventures and Endure Capital. JAM Fund, YC Continuity Fund, Shorooq Partners, 4DX Ventures, and Flexport also participated in the funding deal, MAGNiTT reported. The startup will use the money to shorten its delivery time from 60 minutes … Read more
RIYADH: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai, and head of the Securities and Exchange Higher Committee announced the appointment of the new board of directors of the Dubai Financial Market (DFM), chaired by Helal Saeed Al Marri, WAM reported. The announcement came one day after he unveiled plans to … Read more
KARACHI: The average customer rates of buying and selling of UAE Dirham (AED) against Pakistani rupee (PKR) are Rs47 and Rs47.5 at 10:34 am PST on November 5, 2021. The AED remains stable against the PKR when compared with the buying and selling of Rs47 and Rs47.5 on November 4, 2021. The exchange rate is … Read more
BEIJING: A citizen journalist jailed for her coverage of China’s initial response to Covid in Wuhan is close to death after going on hunger strike, her family said, prompting renewed calls from rights groups for her immediate release. Zhang Zhan, 38, a former lawyer, travelled to Wuhan in February 2020 to report on the chaos … Read more
The Sindh High Court (SHC) on Thursday temporarily restrained Sindh Building Control Authority (SBCA) from demolishing Makkah Terrace built on a residential plot in violation of Karachi Building and Town Planning Regulations 2002. Residents of the multistory building in the Saddar area of Karachi had approached the court against an order passed earlier directing SBCA … Read more
Horoscope Today: Good or bad, be prepared for all the crucial events coming your way, and whether the stars are in your favor or not. Know insights about your future with the help of astrology. Read your daily horoscope prediction to find out what’s in store for you today. Read the predictions for all the stars … Read more
TEHRAN: Iran will not leave the negotiating table, Iranian President Ebrahim Raisi said on Thursday, after the announcement that the Vienna nuclear talks will resume on Nov 29. “As Iran has previously stated, we will not leave the negotiating table, but we will stand up to excessive demands that cause damages on the interests of … Read more
