
SBP Reserves Have Increased A Little, But Still Not Enough to Cover Imports for One Month
According to data provided by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange reserves marginally grew on a weekly basis.

According to data provided by the State Bank of Pakistan (SBP) on Thursday, the central bank’s foreign exchange reserves marginally grew on a weekly basis.

In the first nine months (July to March) of the current fiscal year (FY23), Pakistan imported Rs. 101 billion worth of tea, a 20.55 percent increase over the Rs. 83.88 billion reported in the corresponding period of the previous fiscal year (FY22).

The investment and subscription of 165.46 million ordinary shares being offered by JS Bank Limited (JSBL) by way of rights at Rs. 10 each, for the aggregate subscription of Rs. 1.65 billion in proportion to the company’s shareholding in JSBL, has been approved by the board of directors of Jahangir Siddiqui & Co. Ltd. (JSCL).

The balance sheet of Standard Chartered Bank Pakistan continued to grow significantly, and it reported a profit of Rs. 9.19 billion in the first quarter of 2023, an impressive increase of 30% from the same time the year before.

On Thursday, the price of gold in Pakistan continued its streak of all-time highs by climbing by Rs. 150 per tola.

Frequent instances of products being stolen from Customs warehouses and those run by the Directorate General, Intelligence & Investigation-Customs have drawn the attention of the Federal Tax Omdurman (FTO).

Climate change is one of the largest issues facing the world today, and Pakistan is one of the countries most vulnerable to its impacts. Numerous climate-related issues, including rising temperatures, changing precipitation patterns, and a rise in the frequency of extreme weather events, are being faced by Pakistan. These impacts are having negative economic, social, and environmental effects on the nation.

Beginning on July 1, drivers from India, Pakistan, China, and Nepal will be subject to stricter controls in Australia as the New South Wales (NSW) government mandates that they pass driving licence exams.

In honour of World Labour Day, Pakistan’s federal government designated Monday, May 1, as a gazetted holiday.

Ankara, Turkey: Turkiye’s President Recep Tayyip Erdoan bestowed the prestigious award of “Supreme Sacrifice of the Republic of Turkiye” on Alkhidmat Foundation Pakistan, a Pakistani charity.

The PTCL Group (PTCL and Ufone 4G), Pakistan’s leading telecom and integrated ICT services provider, has released its first-ever Group Anthem, #TayyarHo, highlighting the employees’ dedication to providing clients with unmatched excellence.

A plan to plant 600,000 six-foot saplings in unoccupied spaces has been put into place to address the rising air pollution in Lahore.