The fall of the Pakistani rupee to Rs228 per US dollar has made economic worries worse and sent shockwaves through…
Economy
ISLAMABAD: The federal Cabinet has approved the appointment of new directors on the Board of Directors of the State Bank…
FPCCI chief said importers were here and there in getting the dollar and a petrol crisis would emerge as banks were opening the letters of credit (LCs) at Rs242 for a dollar.
Qatar Airways Chief Executive Akbar Al Baker disclosed this development on the fourth day of the airshow, held in Farnborough southwest of London this week.
“Russia plays a strategic game. Keeping low flows is better than cut-off. It decreases our resolve to reduce gas demand. We must not fall into the trap and go [into] crisis mode anyhow,” said Simone Tagliapietra, senior fellow at the Brussels-based think tank Bruegel.
“The grain export agreement, critically important for global food security, will be signed in Istanbul under the auspices of President Erdoğan and UN Secretary General Mr. Guterres together with Ukrainian and Russian delegations,” Erdogan spokesman Ibrahim Kalin said in a tweet.
Pakistan along with Mongolia, Myanmar, Cambodia and Laos stand out in terms of Asian countries which are vulnerable to repayment difficulties based on economic fundamentals and external creditor relations.
The power regulator has stated that it cannot do anything to prevent the government’s planned hike in national uniform power…