Adnan Farooq
The State Bank of Pakistan (SBP), in a surprise monetary policy committee (MPC) meeting on Thursday, cut the interest rate by 100 basis points to seven per cent. Thursday’s cut is fifth in the last
Adnan Farooq
After facing a delay of more than four years, the agreement to launch 1,100 MegaWatt Kohala Hydropower Project was signed between Pakistan and China on Thursday. Taking to twitter, China-Pakistan Economic Corridor (CPEC) Chairman Asim
Adnan Farooq
Pakistan’s current account in the month of May posted a surplus of $13 million, data released by the State Bank of Pakistan (SBP) showed on Tuesday. "Pakistan’s current account turned into a surplus of $13m
Adnan Farooq
Pakistani rupee on Tuesday lost more than 58 paisas or 0.8 per cent in the interbank market to reach as low as Rs167 before settling at Rs166.50 against the dollar. The exchange rate has been
Adnan Farooq
Spanner in the works: In the absence of a social security network, PAKISTANIS distributes Zakat to support the weaker. Their religiosity, however, does not prohibit them from benefiting from Ramazan. There is a firm prohibition on
Adnan Farooq
On Monday, the SBP fixes Nisab for Zakat deduction on bank accounts as the RS46329 for the current year to be nisab for Zakat, according to a declaration. SBP/ Handout through The News "No deduction of
