
Pakistani Rupee Faces Major Losses Against USD and Euro
The Pakistani rupee concluded the week with a decline against the US dollar in intraday trading today, starting at 274 in the interbank market.

The Pakistani rupee concluded the week with a decline against the US dollar in intraday trading today, starting at 274 in the interbank market.

In a recent update shared by popular business analyst Ali Khizar, it has been revealed that car imports in Completely Built-Up (CBU) form have witnessed a significant rise in Pakistan.

In the first half of this year, Pakistan experienced a significant brain drain as over 832,000 individuals, including 400,000 highly qualified young professionals, left the country in search of job prospects overseas.

During the groundbreaking ceremony of the Chashma Nuclear Power Plant Unit 5 (C-5) in Mianwali, Pakistan, Prime Minister Shehbaz Sharif announced that the government’s economic team successfully averted the risk of potential default.

Julie Kozack, Director of Strategic Communications at the International Monetary Fund (IMF), stated that “steadfast implementation” of the nine-month Stand-by Arrangement (SBA) was vital to Pakistan’s future.

The Islamabad High Court has provided interim bails to Shah Mahmood Qureshi, Asad Qaiser, and Asad Umar, senior leaders of the PTI, in relation to cases connected to the May 9 violence. Each leader was granted bail against surety bonds of Rs500,000. During the bail hearing, Justice Tariq Mehmood Jahangiri emphasized that the court treats all individuals, whether pushcart vendors or others, equally.

In a televised address, Prime Minister Shehbaz Sharif praised his coalition government for leading the country in the right direction despite facing political conspiracies from opponents.

ISLAMABAD: On Friday, Prime Minister Shehbaz Sharif formed the foundation for the National University of Technology’s main campus.

On World Population Day, the Population Council released data highlighting the population challenges faced by Pakistan. With an annual population growth rate of 2.4 percent, Pakistan has become the fifth most populous country in the world and has the highest population growth rate in Asia.

The Sharjah Government’s Department of Human Resources has officially declared the dates for the Islamic New Year holiday for public sector employees. According to the announcement, the Hijri New Year holiday will take place on Thursday, 20 July.

In response to the heartbreaking suicide of Muhammad Masood, a 42-year-old individual from Rawalpindi who fell victim to blackmail from online loan apps, the Federal Investigation Agency’s (FIA) Cyber Crime Wing has taken action against these platforms.

A tragic incident occurred in Manghopir on Tuesday night, resulting in the death of a newly-married young man and the injury of his friend. The Anti-Vehicle Lifting Cell (AVLC) personnel are believed to be responsible for the shooting, as they allegedly opened fire on the motorcycle riders for not stopping when signaled to do so.