The rupee strengthened against the US dollar, gaining Rs1.30 in the interbank market and Rs1.50 in the open market, following a renewed crackdown on currency smuggling. Bankers and currency dealers attributed the improvement largely to administrative measures rather than market fundamentals. The dollar fell in the interbank market from Rs284.80 to Rs283.50, while in the open market, it declined
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said Pakistan is home to the largest contiguous arid mangrove forest in South Asia — located in the Indus Delta region of Sindh — with the potential to generate up to $50 million annually through carbon credit markets. In a message marking the International Day for the Conservation of the Mangrove Ecosystem on Saturday, th
The Directorate General of Petroleum Concessions (DGPC) under the Ministry of Energy (Petroleum Division) has issued show-cause notices to two petroleum companies, Spud Energy Pty Ltd (SEPL) and Frontier Holdings Ltd (FHL), for failing to disclose recent changes in their ownership structures. The Petroleum Division emphasised that any change in a company’s ownership or board must receiv
Foreign Minister Ishaq Dar met US Secretary of State Marco Rubio on Friday and discussed trade, investment, counterterrorism cooperation and the clash between India and Pakistan in May, according to officials from both countries. The meeting — the first such engagement between the foreign ministers of the two countries in three years — is being considered a breakthrough in diplomacy between Pak
Health Minister Mustafa Kamal urged international stakeholders to explore partnerships in Pakistan’s rapidly evolving health landscape, highlighting the country’s “immense” potential for investment, state-run Radio Pakistan reported on Saturday. Representing Pakistan at Boao Forum for Asia’s (BFA) Global Health Forum in Beijing yesterday, the health minister underscored that Pakistan presents “