New York: Deputy Prime Minister and senior PML-N leader Ishaq Dar addressed a gathering of the Pakistani community in New York, emphasizing the government’s role in stabilizing Pakistan’s economy and steering the country away from default. Speaking to a packed hall, Dar reassured overseas Pakistanis of their pivotal role in the country’s development, calling them … Read more
WASHINGTON: Credit rating agency Fitch downgraded Ukraine’s long-term debt outlook from positive to stable on Friday due to tensions with Russia, while maintaining its rating at B. “Expectations of a more protracted period of heightened tensions with Russia, an increased downside risk of conflict, constrained financing conditions, moderate capital outflows and weakening international reserves, have … Read more
RIYADH: Saudi Exim Bank has announced that it signed a memorandum of understanding with HSBC Bank and Saudi British Bank to advance trade and export financing and credit insurance, Arab News reported. The partnership is in line with the Saudi Exim Bank’s objectives to boost the export of Saudi products and services. Bank’s CEO Saad Alkhalb said … Read more
KARACHI: The rupee made a gain of 6.25 per cent against the dollar during fiscal year 2020/2021 when compared with preceding year. The exchange rate ended at Rs157.54 to the dollar on Wednesday to close the fiscal year 2020/2021. The exchange rate was at Rs168.05 on June 30, 2020. The gain in rupee value may … Read more
