FM Aurangzeb expects rupee stability post-IMF talks
WASHINGTON: Finance Minister Muhammad Aurangzeb has said that the government expected minimal devaluation of the rupee following talks with the International Monetary Fund (IMF), a report by Bloomberg said. The finance minister is currently in Washington to attend the spring meetings organised by the IMF and the World Bank (WB). He said that the rupee typically […]
PMPKL laments significant decline in volumes within legitimate tobacco sector
ISLAMABAD: Philip Morris Pakistan Limited (PMPKL) underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of a level playing field and a significant decline in volumes within the legitimate tobacco sector. In a media briefing to address the profound challenges gripping the tax-paid […]
Flooded UAE counts cost of epic rainstorm, airport still facing disruptions
DUBAI: Emergency workers tried to clear waterclogged roads and people assessed the damage to homes and businesses on Thursday after a rare and epic rainstorm swamped the United Arab Emirates. Dubai International Airport, a major travel hub, struggled to clear a backlog of flights and many roads were still flooded in the aftermath of Tuesday’s […]
Atalanta challenge different to Barcelona: Klopp
MEXICO CITY: Liverpool manager Juergen Klopp knows all about heroic comebacks in European competition but even their barnstorming fightback against Barcelona in the 2019 Champions League will not prepare them for Thursday’s task in Atalanta. Klopp’s side suffered a resounding 3-0 home loss in the first leg of their Europa League quarter-final and travel […]
Rupee depreciates to four-week low
KARACHI: Pakistani currency on Wednesday hit a new four-week low at Rs278.40 against the US dollar in the inter-bank market, while gold surged to a fresh record high at Rs251,900 per tola (11.66 grams) in line with the global trend. According to State Bank of Pakistan’s (SBP) data, the rupee further dropped Rs0.11 on a […]
Atalanta challenge different to Barcelona: Klopp
MEXICO CITY: Liverpool manager Juergen Klopp knows all about heroic comebacks in European competition but even their barnstorming fightback against Barcelona in the 2019 Champions League will not prepare them for Thursday’s task in Atalanta.Klopp’s side suffered a resounding 3-0 home loss in the first leg of their Europa League quarter-final and travel to Italy […]
IHC Bar moves SC against interference in judicial affairs
ISLAMABAD: The Islamabad High Court (IHC) Bar moved the Supreme Court on Thursday against the alleged interference in the judiciary and its functions. In an unprecedented move, Justice Mohsin Akhtar Kiyani, Justice Tariq Mehmood Jahangiri, Justice Babar Sattar, Justice Sardar Ejaz Ishaq Khan, Justice Arbab Muhammad Tahir and Justice Saman Rafat Imtiaz penned a letter to […]
Karachi to remain mostly cloudy, rain-bearing system shifts axis to K-P, Punjab
The chance for significant rainfall in Karachi decreased on Thursday after the western disturbance, which caused extremely heavy rainfall in Gulf countries and Balochistan, shifted its axis towards Khyber-Pakhtunkhwa and Punjab. According to the Pakistan Meteorological Department (PMD), the port city will remain mostly overcast today with a possibility of scattered light showers and the […]