The likelihood that Pakistan will get a rescue from the IMF later this month and thereby avoid defaulting is growing among investors. According to a Bloomberg story, the Pakistani rupee, bonds, and equities are all on the rise as investors become more optimistic that their nation would get an IMF bailout. On Tuesday, dollar bonds […]
Author: News Desk
IMF, Pakistan come to Agreement on Letter of Intent
As stated in the signed Letter of Intent between the IMF and Pakistan (LoI). Recently, the government of Pakistan signed the LoI it got from the Fund and returned it. According to sources cited by Propakistani, the IMF has been promised a gradual rise in the petroleum charge to Rs. 50 per litre on petroleum […]
Government set to launch multiple education TV channels
Agreement for the launch of satellite education TV channels in the nation was inked by the Federal Education Ministry and Allama Iqbal Open University (AIOU). The agreement was inked earlier today at a formal ceremony in Islamabad by Federal Education Minister Ahsan Iqbal and AIOU Vice-Chancellor (VC) Zia-ul-Qayyum. In accordance with the terms of the […]
Indo-Pak 2022 Asia Cup match tickets sold out within hours
The first batch of tickets for the highly awaited India versus Pakistan match on August 28 has been sold out in only two and half hours in UAE. The Asia Cup mega showdown had been keeping the audience on their toes. Some fans were left unhappy as they stood in an online queue for over […]
Gas Reserves discovered in Tal Block, KPK
Hydrocarbon reserves have been discovered in Tolanj West-02, a development well in Tal block located in Kohat Plateau, Khyber Pakhtunkhwa, said Pakistan Oilfields Limited (POL) in its filing to the Pakistan Stock Exchange (PSX) on Tuesday. The well has been drilled and is currently under testing phase, as per information received from MOL Pakistan, an […]
Pakistani people need to follow Islam as their priority, says Rizwan
Pakistani cricketer Mohammad Rizwan wrote a heartfelt message to his supporters on the occasion of the country’s diamond jubilee, encouraging people to look inside before casting blame. We should look at ourselves first and what we’re doing instead of looking towards our prime minister, MNAs, and MPAs,” the star wicketkeeper-batsman stated at a PCB-hosted Twitter […]
UAE student ‘expelled’ from Sandhurst Royal Military Academy due to bribery and luxury lifestyle accusations
According to the British Daily Mail on Friday, the Royal Military Academy Sandhurst discharged seven Emirati troops for living lavishly and accepting bribes while in training. The UK newspaper said that the academy’s major general, Duncan Capps, had dismissed the foreign students, all of whom were citizens of the United Arab Emirates, for “disciplinary problems,” […]
Pakistani Rupee becomes World’s best performing currency in August
Pakistan’s rupee beat out all other major currencies in August, rising 11% versus the US dollar. According to figures released by the State Bank of Pakistan (SBP) on Monday, the value of the Pakistani rupee appreciated by 0.71 percent (or Rs1.51) versus the United States dollar, reaching a one-month high of Rs213.98 in the interbank […]