Foreign exchange reserves with the State Bank of Pakistan have dropped to around $10.5 billion, barely equal to six weeks imports, due to repayment of loans and a wide gap in trade deficit
Author: Javed Mahmood
Javed Mahmood
I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.
The ministry has selected 31,253 pilgrims for performing the hajj this year on the Government Hajj Scheme. Regarding the hajj expenses, which the government has yet to share with the hopefuls, the minister said he would share ‘good news’ within two to three days.
Finance Minister Miftah Ismail had already stated that the government had no intention to increase the prices of petroleum products for now.
Hike in prices of four wheelers and increase in their demand has led to an unexpectedly high profit of the Atlas Honda Limited this time.
The KSE-100 benchmark index fell to 42,434 points (2.42 percent fall in market capital). The market traded 1.216 billion rupees shares at 10:23am on Monday and the number of traded shares amounted to 25.549 million.
The report says nations’ current pledge to restore one billion degraded hectares by 2030 requires $1.6 trillion this decade — a fraction of today’s annual $700 billion in fossil fuel and agricultural subsidies
PTI supremo said in light of the alleged plot to kill him, he has recorded a video and stored it in a “safe place” in which he has mentioned each and every character that was behind the “conspiracy” to oust his government.
Khan said that he was receiving messages from the establishment, but said he would not respond to them as long as new elections are not announced.