KARACHI: Pakistan has passed a special order to allow barter trade with Afghanistan, Iran and Russia for certain goods, including petroleum and natural gas, the Ministry of Commerce said. Left with barely enough foreign exchange reserves to cover one month’s imports, the government is desperately trying to manage a balance of payments crisis and bring […]
ISLAMABAD: The government has approved a Rs1,100 billion development budget for the fiscal year 2023-24, said Minister for Planning, Development and Special Initiatives Ahsan Iqbal. Addressing a press conference here, the federal minister said that out of the total budget, Rs950 billion would be utilised under the Public Sector Development Programme (PSDP 2023-24) and Rs150
KARACHI: After making impressive progress in digital banking, the State Bank of Pakistan (SBP) is planning to launch a digital currency in the future, Geo News reported Friday. Central Bank\’s Digital Financial Services Group Additional Director Shoukat Bizinjo said that a large number of central banks around the world, including Pakistan\’s, are studying CBBCs (callable bull/bear contracts) in
ISLAMABAD: Interior Minister Rana Sanaullah has claimed there was a rumour that PTI leaders Pervez Khattak and Asad Qaiser had contacted the establishment for a “green signal” regarding their political future. “When the green signal was received, a press conference was held,” the security czar told journalist Shahzad Iqbal on a Geo news programme, referring to
BEIJING (APP): A truck loaded with cold chain containers from Pakistan has arrived at Kashgar city in northeast China’s Xinjiang Uygur Autonomous Region via a cross-border land route. This is the first time that seafood containers from Pakistan have been transported by road from Karachi to Kashgar city along the China-Pakistan Economic Corridor (CPEC), Global
