To be elected as chief minister, a candidate will have to secure at least 186 votes in the 371-member Punjab Assembly.
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.
Every day, Europeans consume Russian gas, amounting to 200 million to 800 million euros ($880 million) and this factor greatly weakens the effect of the sanctions, regardless of how the payments are made.
In a recent report IMF said “the share of reserves held in US dollars by central banks has dropped by 12 percentage points since the turn of the century, from 71 percent in 1999 to 59 percent in 2021.”
Assets of IBI grew by 30.6 percent in CY21, while deposits increased by 24.2 percent during the same period. As a result of this strong growth, the market share of Islamic banking assets and deposits in the overall banking industry increased to 18.6 percent and 19.4 percent, respectively, by end Dec 2021.
He said, “After these intelligence reports, the prime minister’s security has been beefed up as per the government’s decision.”
PSX started the day with bullish sentiment and the benchmark 100-index gained 208 points and mounted to 45,136 points till 11:50 am with trading of 47.6 million shares valuing 2.548 billion rupees.
OPEC crude oil price has further increased today, to $110/barrel, up 0.37 percent from previous price. OPEC’s crude oil is staying above Brent’s value due to Houthis attack on Saudi Arabia’s largest oil depot in Jeddah this week.
About $3 billion decline in the foreign exchange reserves of State Bank has caused a further blow to the value of rupee against dollar which increased to around 184 rupees in the inter-bank and above 185 rupees in the open market.