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Rupee recovers lost ground to the dollar

Rupee recovers lost ground to the dollar

The local currency on Thursday gained Rs1.20 against the dollar with exchange rate reverting back to Rs167.20 compared to Rs168.20 on Wednesday.  The Exchange Companies Association of Pakistan said the rupee recouped earlier losses on

Airlift raises deliveries services with $10m investment

Airlift raises deliveries services with $10m investment

A local transport startup Airlift on Wednesday raised $10 million from Quiet Capital after the company said it plans to enter into the groceries delivery business.  “Today, we are announcing our $10m Series A-1 financing

Six players to travel for England after testing negative

Six players to travel for England after testing negative

The Pakistan Cricket Board (PCB) on Tuesday said that the six players who tested positive Covid-19 a week ago are now eligible to leave for the England series after testing negative.  The players names are:

PCB announces 21-member squad for England tour

PCB announces 21-member squad for England tour

The Pakistan Cricket Board (PCB) on Saturday confirmed that a 31-member squad including 20 players and 11 support staffers will leave on a charter flight for Manchestar, England on Sunday.  The announcement comes after analysts

Govt announces record-high increase in fuel price

Govt announces record-high increase in fuel price

In an abrupt late night notification, the government increased per litre petrol price by Rs25.58 to Rs100.10 with immediate effect.  The price hike was notified immediately and would remain effective till July 31. The sudden

SBP announces surprise 100 basis point rate cut

SBP announces surprise 100 basis point rate cut

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

IMF lowers economic growth forecast for pakistan

IMF lowers economic growth forecast for pakistan

The International Monetary Fund (IMF) on Wednesday forecast Pakistan’s growth rate to clock in at -0.4 per cent in the ongoing fiscal year before rising to 1pc in the next.  The IMF’s June World Economic

Seven more Pakistan’s cricket player test positive for Covid-19 ahead of England tour

Seven more Pakistan’s cricket player test positive for Covid-19 ahead of England tour

Just a day after three Pakistani players tested positive for the Covid-19, the Pakistan Cricket Board (PCB) on Wednesday said seven more players and one personnel of the support staff have contracted the virus.  In

Pakistan has been ranked 29th in terms of most number of covid-19 death cases

Pakistan has been ranked 29th in terms of most number of covid-19 death cases

Though about 1,000 cases and over 20 deaths have been registered daily in the country over the past five days, Pakistan has been ranked 29th in terms of most number of covid-19 death cases and

PCB provides financial help to first-class cricketers

PCB provides financial help to first-class cricketers

On Sunday, the Pakistan Cricket Board (PCB) announced to assist cricketers and technical officials in the country, other than contractual ones, demonstrating a sympathetic attitude, as they face a financial crisis following a complete halt in sporting