Pakistani currency depreciated Rs0.11 and settled at Rs278.51 against the US dollar at close of trading in the inter-bank market on Wednesday, maintaining its two-way movement for the past one week ahead of agreement on a new International Monetary Fund (IMF) loan programme. According to the State Bank of Pakistan’s (SBP) data, the rupee had closed at Rs278.40 against the greenback on Tuesday.
State Bank of Pakistan (SBP) Deputy Governor Dr Inayat Hussain has underscored the need for providing treasury professionals of financial institutions with the skills necessary to navigate the challenges of an evolving financial landscape. His remarks were delivered at the launch of the Treasury Management Certification, where he highlighted the pivotal role of continuous learning in ensuring t
The Pakistan pavilion emerged as a star attraction at the ongoing 30th China Lanzhou Investment and Trade Fair, showcasing a stunning array of handicrafts that captivated the hearts and minds of visitors from around the globe. The five-day event, which opened on July 6 and runs through July 10, provides a vibrant platform for businesses worldwide to showcase their offerings and forge new partne
Saudi Arabia raised a total of $12.35 billion from selling more shares in Aramco, after increasing the offering in the world’s most valuable oil company, a document seen by Reuters showed. The success of the share sale and additional proceeds will help further fuel Saudi Arabia’s ambitions to invest in new industries and wean its economy away from oil under its Vision 2030 plan. The kingdom
The country’s auto sales — cars, jeeps, sport utility vehicles and pickups — touched a 18-month high to 13,284 units during June 2024, showing a growth of 21 per cent month-on-month and 120pc year-on-year. In volumetric terms, MoM jump in car sales is primarily due to an increase in the sales of Indus Motors Company, which rose by 44pc to 2,957 units and Pak Suzuki Motor Company Ltd, which went