Pakistan
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Pakistan reduces cap on carrying foreign currency abroad
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[ad_1] A Pakistani currency dealer counts US dollars at a currency exchange shop. – AFP/File KARACHI: The central bank Tuesday reduced the cap to carry foreign currency abroad for travel purposes and decided to further rationalise the same. In a statement, the State Bank of Pakistan (SBP) mentioned that as per the revised limits, individuals…
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Pakistan to receive $3bn from World Bank for power sector’s infrastructure development
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[ad_1] An image of World Bank headquarter. — AFP/File ISLAMABAD: Pakistan will receive over $3 billion from World Bank for the development of infrastructure in the power sector, the government announced Monday. According to an official statement in this regard, the World Bank is assisting in energy efficiency and conservation programmes, apart from helping provinces in…
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Pakistan likely to secure over $4bn bailout package amid Saudi crown prince’s visit: sources
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[ad_1] Prime Minister Shahbaz Sharif and Saudi Crown Prince Mohammed Bin Salman at the Royal Palace.— APP/ File ISLAMABAD: Saudi Arabia’s Crown Prince Muhammad bin Salman (MBS) will undertake Pakistan’s visit at the end of the current month during which Islamabad hopes to secure over $4 billion bailout package from Riyadh, claimed diplomatic sources Monday.…
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Gold price settles at Rs151,800 per tola in Pakistan
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[ad_1] A representational image of gold bangles. — AFP/File KARACHI: Gold price rose by Rs600 per tola in Pakistan despite the appreciation of the Pakistan rupee against the US dollar and a decline in international prices. Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold rose…
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Pakistan, China to set in motion railroad project worth billions
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[ad_1] Prime Minister Muhammad Shehbaz Sharif meets President of People’s Republic of China Xi Jinping in Beijing, on November 2, 2022. — PID Pakistan and China have agreed to launch a high-speed rail project worth nearly $10 billion as Bejing follows up on its promise of helping Islamabad, Bloomberg reported Wednesday. The agreement was reached…
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Gold falls by Rs600 per tola in Pakistan
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[ad_1] A representational image of gold bars. — AFP/File KARACHI: The mounting political turmoil and uncertainty caused by the PTI’s long march on Islamabad hit gold prices as the precious commodity witnessed a decline Saturday. The precious metal, however, secured a weekly gain of nearly 4%. All Pakistan Sarafa Gems and Jewellers Association’s (APSGJA) data…
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Pakistan forex reserves fall over 2% to stand at $7.4bn
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[ad_1] Picture of a one hundred US dollar bill taken in Bogota, on October 24, 2022. — AFP/File KARACHI: Following a decline of 2.07%, Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at $7.4 billion. On October 21, the foreign currency reserves held by the SBP were recorded at $7,439.9…
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US commits another $30m for Pakistan flood relief
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[ad_1] This aerial view shows a flooded residential area after heavy monsoon rains in Balochistan province on August 29, 2022. — AFP WASHINGTON: The United States said Thursday it would provide another $30 million in flood aid to Pakistan, hoping to reach nearly two million additional people after the historic disaster. The US Agency for…
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US keen to expand agritrade with Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: United States Ambassador to Pakistan Donald Blome says he looks forward to expanding agricultural trade between the two countries, and was also looking into allowing Pakistan access to the US beef market. The comments were made when the ambassador called upon Federal Minister for National Food Security and Research Tariq Bashir Cheema to…
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ADB releases $1.5bn to Pakistan, Dar announces
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[ad_1] Deposits are expected to boost social protection, promote food security, and create jobs in the wake of floods [ad_2] Source link
