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Articles for tag: Dollar, ensure, IMF, policy, program, rate, Rupee, stability

March 10, 2024

News Desk

Policy rate, IMF program to ensure rupee stability against dollar

The rupee rose 0.7% against the dollar in the interbank market this week, closing at 279.04 on Friday A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, December 3, 2018. — Reuters The IMF expresses readiness to send a delegation for a new review. Various things show clues to the currency display: Tresmark. Forecasting the USDPKR will never be an accurate job, analysts say. KARACHI: The Pakistan rupee supported by US dollar supply and demand is likely to remain flat next week amid upbeat sentiments on the national economic outlook after the International Monetary Fund (IMF)

February 22, 2024

News Desk

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

Talks with the global lender are expected to begin in March or April, Bloomberg reports The headquarters building of the International Monetary Fund (IMF) is located in Washington, USA. — Reuters/File Pakistan will seek to negotiate an EFF with the IMF: Bloomberg. Talks are expected to begin in March or April, according to Bloomberg. Pakistan avoided default last summer thanks to an IMF SBA. Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt maturing this year, Bloomberg News it said on Thursday, citing

February 12, 2024

News Desk

Full mission, Multan Sultans program

A reborn Multan Sultan is all set to enter the ninth iteration of the HBL Pakistan Super League. They begin their campaign at Sultans Fort, the iconic Multan Cricket Stadium, on February 18, a day after the tournament begins. The first five of the 10 league games are at home and they will tour Pakistan from February 26 to play the away matches. Multan has been a daunting destination for the away teams as the Sultans enjoy an incredible record of seven wins from eight games here. The champions of the 2021 edition, Multan Sultans have appeared in the last

January 22, 2024

News Desk

Australia Ends ‘Golden Visa’ Program — What Does It Mean for Immigrants?

Australia’s decision follows a review that revealed the program’s failure to deliver positive economic results The plan was initially marketed as a way to drive foreign investment.—Reuters Australia has ended its “golden visa” program, allowing wealthy foreign investors to reside in the country, as part of a comprehensive immigration overhaul, BBC mentionted. The decision follows a government review that revealed the program’s failure to deliver positive economic results, leading to its replacement with a visa aimed at skilled workers. Since its inception in 2012, thousands of Significant Investor Visas (SIVs) have been granted, with 85% of successful applicants coming from

January 6, 2024

News Desk

Hafeez reveals cricket exchange program with Australia

In a major move towards cricket development, Pakistan Cricket (PCB) and Cricket Australia (CA) have reportedly reached an agreement to set up an exchange program to benefit the development teams of both nations. Pakistan team manager Mohammad Hafeez, while talking to the presser after the match, revealed the details of this collective effort, aimed at enhancing the players’ skills and adaptability in different cricketing conditions. Hafeez, revealed that discussions with the chairman and CEO of Cricket Australia resulted in an agreement to facilitate regular visits by various Pakistani teams – including Pakistan U19, Pakistan A and Pakistan Women – to

January 5, 2024

News Desk

The proposed schedule for PSL 9 has been revealed

The proposed schedule of the ninth edition of the Pakistan Super League has been revealed, detailing a total of 34 matches to be played. Karachi will host 11 matches, followed by Lahore and Rawalpindi with 9 matches each, and Multan with 5 matches in the lineup. Notably, teams like Karachi Kings, Lahore Qalandars, Islamabad United and Multan Sultans are set to participate in 5 home matches each. Peshawar Zalmi are scheduled to play 4 matches each in Lahore and Rawalpindi. Meanwhile, Quetta Gladiators are set to play 3 matches each in Karachi, Lahore and Rawalpindi. A total allocation of 15

December 28, 2023

News Desk

How Canada’s Startup Visa Program Is Your Golden Ticket to Working Abroad?

The Visa program is mainly aimed at talented foreigners who want to establish a small business or startup in Canada View of the CN Tower in Toronto, Canada. — Unscrew Good news for entrepreneurs! Canada recently announced a startup visa program that was hailed by some experts as a “golden opportunity” to work abroad. According to BBCa Pakistani entrepreneur, Samina, successfully obtained her Canadian immigration through the Canadian Startup Visa Program which does not apply a point system with conditions such as education, experience, job offer or age limit. The visa program is mainly aimed at talented foreigners who want

December 12, 2023

News Desk

The caretaker government plans to tax retailers. program that may come into effect from January 15

The government has identified 16 points to join the scheme, including small traders, shopkeepers, service providers A shopkeeper sits in a grocery store. —Reuters/File The government has finalized the tax regime, including the media campaign. It is likely to enter into force from 15 January 2024. Tax payments can be made through Jazz Cash, Easypaisa. ISLAMABAD: Following IMF’s refusal to introduce any fixed system for retailers, the caretaker government has finalized the ‘Asaan Tax Application’ to collect tax from small shopkeepers based on the valuation of each shop determined by the Federal Board of Revenue (FBR). Top official sources confirmed

December 5, 2023

News Desk

PSW’s Khadijah program is hosting a second iteration

LAHORE: Pakistan Single Window (PSW), in an effort to promote women’s participation in international trade, launched Khadijah – a Women’s Entrepreneurship Program in Lahore. This initiative is an offshoot of the official launch of the program in Karachi on 15 December 2022, with the aim of increasing women’s participation in international trade through the PSW platform. According to a press statement released on Monday, the Khadijah program is in line with the Government of Pakistan’s commitment to gender equality and women’s economic empowerment. It is designed to equip and empower women entrepreneurs, enabling them to play a greater role in

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