The surge in the US dollar rate appears to have intensified following a regime change in Pakistan. In just three months of 2022, Allied Bank’s foreign exchange income increased by 79.55% compared to the entire year of 2021, while HBL saw a 94.55% rise during the same period. Despite the responsibilities of the SBP and …
The Pakistani rupee, which had seen 28 consecutive days of gains against the US dollar, experienced a slight correction on Tuesday. It fell by Re0.2 or 0.07% in the interbank market, closing at 277.03 compared to the previous day’s rate of 276.83, according to the State Bank of Pakistan (SBP). Since September 5, the rupee …
Caretaker Prime Minister Anwaar-ul-Haq Kakar, accompanied by senior federal Cabinet ministers, attended a state banquet in Beijing, hosted by Chinese President Xi Jinping as part of the Third Belt and Road Forum (BRF). The banquet brought together leaders from various countries, providing an opportunity for Kakar to engage in informal interactions with fellow attendees. During …
The public has demanded relief from inflation in response to the substantial reduction in petrol prices by the caretaker government, as they recognize the potential impact on their daily lives. The government has made adjustments to petroleum prices for the current fortnight, reducing the price of motor spirit oil (petrol) by Rs40 per liter and …
Former all-rounder Abdul Razzaq expressed his concerns about Pakistan’s apprehension when facing Afghanistan, pointing out that Afghanistan is a formidable challenge. Razzaq highlighted that Afghanistan had lost to Pakistan on several occasions in the past, despite having been in winning positions, often due to the performance of Naseem Shah. He emphasized that these factors indicate …
The ongoing conflict in Palestine has exposed deeply troubling attitudes among self-proclaimed democrats in the West, as they have supported Israel’s actions and dehumanized Palestinians. The US administration’s reluctance to endorse a ceasefire for Gaza’s besieged population is particularly distressing. When questioned about calls for a ceasefire, the White House press secretary labeled them as …
In a separate incident, a young police officer was shot and wounded by robbers in the Gulbahar area. SHO Naveed Soomro informed Dawn.com that Constable Riaz Gul, 25, was on his way home when armed men intercepted him near Lasbela, in a sanitary market. “When he resisted, the robbers opened fire on him and fled …
In recent updates, the State Bank of Pakistan has observed a steady decline in the value of the US dollar against the rupee in both interbank and open markets. According to the State Bank of Pakistan, the US dollar’s closing price in the interbank market is reported at Rs277.62, reflecting a depreciation of 96 paise …
New Zealand captain Kane Williamson has been ruled out of the team’s immediate World Cup matches with a fractured thumb, but head coach Gary Stead is optimistic about the batter’s return to action during the tournament. Tom Blundell will travel to India as cover, but Williamson will remain with the team with the hope of …
Six security personnel were tragically killed in a brazen attack on an oil and gas exploration site owned by a Hungarian energy firm in Pakistan. The incident occurred during an overnight siege by dozens of militants, highlighting the escalating threat of militancy in the region. The resurgence of the Taliban in neighboring Afghanistan since 2021 …