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Affairs

Masood hosts Pak Businessmen attending ‘Select USA Summit’

A group of 19 business leaders and entrepreneurs from Pakistan have attended ‘Select USA Investment Summit’ held in Washington D.C.The largest ever Pakistani delegation attending this year’s summit represented a range of businesses including clean ene…

Pakistani central bank’s forex reserves fall 6 mln USD

The State Bank of Pakistan (SBP) has said its foreign exchange reserves had decreased by 6 million U.S. dollars.During the week ending on April 28, the total foreign exchange reserves of the Pakistani central bank fell to around 4.5 billion dollars, th…

Cement Sales Decline to Lowest Level in 9 Months

Cement sales in Pakistan saw a decline of 16.55 percent in April 2023.The total Cement dispatches during April 2023 were 2.951 million tons against 3.536 million tons dispatched during the same month of last fiscal year.According to JS Global, this is…

ADB President Reaffirms Support to Pakistan

Asian Development Bank (ADB) President Masatsugu Asakawa in his meeting with the Pakistani delegation led by Dr. Kazim Niaz, Secretary, Economic Affairs Division (EAD), reaffirmed ADB’s continued support to Pakistan. The meeting took place on the side…

Hebe Haven Yacht Club Open Day 2023

Sailing, sail training, scenery, stalls, sustainability, scrummy snacks, Sailability and sea trips are all open to the public at Hebe Haven Yacht Club (HHYC) this Sunday. HHYC is pleased to announce its annual HHYC Open Day on Sunday 7 May 2023 at its…

SBP Cancels License of Exchange Company

The State Bank of Pakistan (SBP) has cancelled the authorization and license of Mega Currency Exchange Company ‘B’ (Pvt.) Limited on account of contraventions of the relevant laws and regulations.In a statement issued on Wednesday, the central bank sa…

Pakistan Gets Asia’s First ‘Blue Road’ in Lahore

Central Business District (CBD) Punjab has introduced the ‘Blue Road’ concept in Lahore. Citing officials, a media report stated that this concept will modernize the city’s infrastructure and improve quality of life.It also claims that this road proje…

Rupee Reverses Gains Against US Dollar, Other Currencies

The Pakistani rupee (PKR) reversed gains and posted losses against the US Dollar today.The Pakistani rupee was largely stable throughout intraday trade today with the interbank rate gaining over 60 paisas to reach 283.22 by 11 AM. By 1:25 PM, it staye…

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