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Pakistan receives $505m from World Bank

Pakistan receives $505m from World Bank

The State Bank of Pakistan on Tuesday said that it has received $505 million from the World Bank. “#SBP has received USD 505.5 mn today from @WorldBank,” it said in a tweet released on the

Opposition lambasts govt over delay in FATF legislation

Opposition lambasts govt over delay in FATF legislation

With just nine days remaining in the deadline for compliance with the Financial Action Task Force’s 27 points action and 40 recommendations, the government’s performance in both stands at 14 and respectively. As these numbers

Rupee Continues to Fall Against the Dollar

Rupee Continues to Fall Against the Dollar

The dollar recorded stellar gains to reach the fiscal year high against the rupee as despite falling demand for the greenback in the interbank as well as the open market.  On Tuesday, the dollar was

US bans PIA flights into the country

US bans PIA flights into the country

The United States Department of Transportation on Thursday said it revoked the permission for the Pakistan International Airlines (PIA) from flying in charter flights into the country. The decision to ban PIA from entering the

Pakistan, China to reopen borders for trade

Pakistan, China to reopen borders for trade

China and Pakistan are planning on reopening the border to resume trade from July 15 onwards after making appropriate arrangements regarding the standard operating procedures (SOPs) at border stations to test the incoming and outgoing

UN Security Council condemns terror attack in Pakistan

UN Security Council condemns terror attack in Pakistan

The United Nations Security Council on Thursday condemned the terror attack on the Pakistan stock exchange on Monday which killed four security personnel.  “The members of the Security Council condemned in the strongest terms the