February 2024

29 Feb 24

China rolls over $2 billion loan to Pakistan

China rolls over $2 billion loan to Pakistan, Financial relations between Pakistan and China greatly improved after China agreed to pay off Pakistan’s billion-dollar debt. With the massive loan first taken out at a 7.1% interest rate and expiring in March, Pakistan’s economy might be in jeopardy. Nevertheless, Pakistan was…

28 Feb 24

NEPRA hikes power tariff by whopping Rs7.5 per unit

NEPRA hikes power tariff by whopping Rs7.5 per unit, A decision by the National Electricity Regulatory Authority (NEPRA) will cause Pakistani consumers’ electricity costs to increase somewhat, it is expected that the increase of Rs 7.50 per unit, approved by the regulator, will be seen starting with the January monthly…

27 Feb 24

Another PIA Air Hostess Slips Away in Canada

PIA Air Hostess Slips Away in Canada, Another concerning development is the alleged disappearance of a Pakistan International Airlines (PIA) flight attendant in Canada while she was on duty. The unsettling incident happened when Maryam Raza, who was supposed to work on flight PK 782 from Karachi to Toronto, neglected…

24 Feb 24

US expresses reservations over social media restrictions in Pakistan

US expresses reservations over social media restrictions in Pakistan, the significance of carrying out a comprehensive inquiry into purported irregularities during the most recent general elections in Pakistan was stressed by US State Department spokesman Matthew Miller. Noting the importance of citizens having immediate access to social media, Miller stated,…

23 Feb 24

Pakistan to seek at least $6 billion in ‘new IMF loan programme

Pakistan to seek at least $6 billion in ‘new IMF loan programme, pakistan is preparing to get a new loan from the International Monetary Fund (IMF) for at least $6 billion in order to pay off its growing debt, according to Bloomberg News. It is expected that talks with the…

22 Feb 24

Pakistan’s US dollar exchange rate increased by Re0.07 to Rs279.49.

Pakistan’s US dollar exchange rate increased by Re0.07 to Rs279.49, at the Karachi interbank market on Wednesday (February 21), the US dollar witnessed slight weakness. Foreign Exchange Association of Pakistan (FAP) reported open market dollar buying and selling rates at Rs 279.75 and Rs 282.3 respectively. On the other hand,…

Pakistan-to-Begin-81-kilometer-Pipeline-from-Iranian-Border-to-Gwadar

21 Feb 24

Pakistan to Begin Gas Pipeline from Iranian Border to Gwadar

Pakistan to Begin Gas Pipeline from Iranian Border to Gwadar, pakistan has approved the construction of its eagerly anticipated gas pipeline, deciding to start the project gradually, the first phase focuses on laying 81 km of pipeline from Gwadar, with future plans to extend it to Nawabshah, Approved by the…

20 Feb 24

Pakistan has a current account deficit of almost $270 million.

Pakistan has a current account deficit of almost $270 million, in its recent economic update, Pakistan revealed a current account deficit of $269 million in February, according to data released by the State Bank of Pakistan (SBP), this change is due to a significant decrease in exports, in addition to a…

Fly-Jinnah-First-International-Flight-Took-Off-from-Islamabad-Airport

19 Feb 24

Fly Jinnah First International Flight Took Off from Islamabad International Airport

Leading airline Fly Jinnah made aviation history today when it began operating its first international route between Islamabad and Sharjah,this significant accomplishment not only improves connection between Pakistan and the UAE but also demonstrates Fly Jinnah’s unwavering commitment to offering top-notch customer care to travellers. There’s a noticeable sense of…

13 Feb 24

Gold prices in Pakistan remain stable

Gold prices in Pakistan remain stable, according to information from the bullion markets in Karachi, Multan, and Lahore, 24-karat gold is currently trading at Rs. 221,000 per tola and Rs. 189,472 for 10 grammes in Pakistan as of today, February 13, 2024. The strong linkage between currency changes and gold…

Month: February 2024