Pakistani rupee notes appear in a counting machine at a bank in Peshawar, August 22, 2023. – Reuters The clause was added based on the suggestion of JUI-F. January 2028 deadline to end the practice of usury. Any transaction involving usury is considered “wrong.” The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, … Read more
Dhaka: Floods in Bangladesh destroyed an estimated 1.1 million metric tons of rice, according to data from the agriculture ministry, prompting the country to increase imports of the staple grain amid rising food prices. Floods caused by heavy monsoon rains and heavy runoff hit the country in two major waves in August and October, claiming … Read more
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 attend a rally at their union hall during an ongoing strike in Seattle, Washington, US on October 15, 2024. – Reuters Striking workers at Boeing will vote Wednesday on a new contract proposal that calls for a 35% pay increase over four … Read more
Pakistan’s cotton industry continues to face a deepening crisis, with total production down by 48% compared to the same period last year, according to the latest data from the Pakistan Cotton Ginning Association (PCGA). As of mid-October, ginning mills had received 3.1 million bales, down from about 6 million bales by this time in 2023, … Read more
An undated photo of an eTurbo e-bike. – program KARACHI: eTurbo Motors has launched the fastest and most economical electric motorcycles in the country, The News reported, setting a new benchmark in the electric vehicle industry in Pakistan. Senior Sindh Minister Sharjeel Inam Memon attended the event as the chief guest, while Consuls General from … Read more
purity Toula (rupee) 10 grams (rupee) 1 gram (rupee) 24 k 279,300 239,460 23,946 purity Toula (rupee) 10 grams (rupee) 1 gram (rupee) 24 k 3,470 2,975 297.5 Current gold prices are obtained from the Jewelery Exchange Association and the International Gold Market. 24 karat gold $2721.43 0 0% silver $33.71 +2.01 +6.34% Source: markets.businessinsider.com
A representative image showing people walking in a market in Lahore. – AFP/File The GAR emphasizes lower external account pressure and inflation. EFF, deposits of friendly countries lead to exchange rate stability. The report also highlights Moderate GDP growth led by agriculture. KARACHI: While the incumbent government is making efforts to address multi-faceted challenges on … Read more
Islamabad: In a major step towards improving digital services and accessibility, the National Database and Registration Authority (NADRA) has signed an e-payment portal and secured an agreement with the Bank of Punjab (BoP). According to a NADRA spokesperson, this agreement is expected to streamline digital payments for a wide range of NADRA services, further simplifying … Read more
Leaders of member states of the Shanghai Cooperation Organization (SCO) pose for a photo in Islamabad on October 16, 2024. —Facebook/ @pml.n.official ISLAMABAD – The Shanghai Cooperation Organization was established on June 15, 2001. The organization originally emerged from the Shanghai Five, which was formed in 1996. Pakistan became a full member of the Shanghai … Read more
KarachiPakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil Limited (PSO), reported a significant financial loss of INR 2.35 billion for the quarter ended September 30, 2024. This is in stark contrast to the previous year’s profits. – After tax of Rs 4.48 billion for the same period. In a filing to the Pakistan … Read more