Former University of Oregon double game star. Devon Allen will have the full support of the group. He means to satisfy his own extraordinary assumptions in 110 meters. Allen clarified, in any case, that he was not fulfilled, telling journalists he accepted Aries Merritt’s ten years old record was reachable. The competitor turned NFL wide … Read more
KARACHI: The Pakistani rupee shed Rs2.38 against the dollar to reach Rs206.94 on Tuesday as speculations regarding the delay in the International Monetary Fund (IMF) programme prevailed. The local unit shed Rs2.38 paisas to close at Rs206.94 to the dollar from Monday’s closing of Rs204.56 in the interbank foreign exchange market. Currency experts said that … Read more
Brandon Nakashima expanded the American charge at the current year’s Wimbledon. He removed last year’s semi-finalist Denis Shapovalov with a 6-2 4-6 6-1 7-6(6) triumph in the second round. Nakashima turned into the seventh player from the United States to book a spot in the third round of the grasscourt Grand Slam this year. Highest … Read more
KARACHI: The Pakistani rupee touched the historic low of Rs207.67 against the dollar on Thursday on the back of stalled International Monetary Fund (IMF) programme besides depleting foreign exchange reserves of the country. The local unit shed Rs1.21 to close at Rs207.67 to the dollar from Wednesday’s closing of Rs206.46 in the interbank foreign exchange … Read more
KARACHI: The Pakistani rupee plunged to the historic low of Rs205.16 against the dollar on Tuesday amid uncertainty regarding the International Monetary Fund (IMF) programme besides depleting foreign exchange reserves of the country. The local unit shed Rs1.31 to close at Rs205.16 to the dollar from Monday’s closing of Rs203.85 in the interbank foreign exchange … Read more
The European Central Bank will sign a line of rate climbs to battle flooding expansion, leaving markets just to figure the size and speed of strategy fixing. The ECB has proactively hailed a progression of moves, expecting to prevent fast cost development from forming into a hard-to-break wage-cost twisting. ECB top notch climb in more … Read more
KARACHI: The Pakistani rupee shed nine paisas to reach an all-time low of Rs202.01 on Thursday as the government failed to secure a deal with the International Monetary Fund. The local unit fell 9 paisas to close at Rs202.01 to the dollar from Wednesday’s closing of Rs201.92 in the interbank foreign exchange market. The rupee … Read more
KARACHI: Pakistan’s current account balance crossed $13 billion during the first nine months (July-March) 2021/22, owing to a huge outflow of dollars in the shape of import payments and external debt repayments. According to the balance of payments data released by the State Bank of Pakistan (SBP) on Saturday, the current account deficit for July-March … Read more
KARACHI: Pakistan’s banks operating in Sri Lanka are in hot waters as their exposures of around Rs26.78 billion are at stake due to the worsening economy of the country. Analysts at Arif Habib Limited said that some of the Pakistani banks are exposed to the Sri-Lankan economy either through branch banking or investments in the … Read more
KARACHI: Moody’s has assigned a B3 rating to the proposed US dollar-denominated trust certificates (Sukuk) issuance by the government of Pakistan, a statement said on Tuesday. The Sukuk will be issued through the Pakistan Global Sukuk Programme Company Limited, a special purpose vehicle, which is wholly-owned by the government and whose debt and trust certificate … Read more
KARACHI: The electricity in January is going to cost Karachi consumers way more, as the power utility has expressed its inability to produce cheaper electricity due to gas shortages. The K-Electric has sought an increase of 32 paisas/kWh in consumer tariff for November under the fuel cost adjustment (FCA), which is in addition to Rs5.182/kWh … Read more
WELLINGTON, Dec. 30 (Xinhua) — New Zealand reported 60 new Delta variant cases of COVID-19 in the community on Thursday, bringing the total number of confirmed cases in the country’s current community outbreak to 10,776. Among the new infections, 20 were recorded in the largest city of Auckland, 28 in nearby Waikato, one in Northland, … Read more
KARACHI: The import bill of Pakistan recorded a hike in November, 2021, as the country witnessed a growth of more than 82 per cent in imports on a year-on-year basis. According to data released by the Pakistan Bureau of Statistics (PBS), the imports for November 2021, reached $7.8 billion, compared with $4.3 billion in the … Read more
LONDON: British airline EasyJet warned on Tuesday that it was “too soon” to assess the impact of the Omicron coronavirus variant on the aviation sector, after logging narrowing annual losses as skies reopened. The emergence last week of Omicron, a new concerning Covid variant first detected in southern Africa, has prompted some nations including Britain … Read more
NEW YORK: US Boeing shareholders have reached a $225 million out-of-court settlement with the aircraft manufacturer’s current and former directors in a 737 MAX aircraft safety negligence case, the Wall Street Journal reported on Thursday. Shareholders had accused Boeing board members and several executives, as well as current CEO David Calhoun of failing to ensure that control and … Read more
