A trader counts Pakistani rupee notes at a currency exchange booth in Peshawar, Pakistan. Reuters
The Pakistan Tehreek-e-Insaf (PTI) government has accepted the long outstanding demand of stockbrokers to constitute a fund for stabilising the stock market. Adviser to Prime Minister on Finance Abdul Hafeez Shaikh accepted the proposal to form the fund at a meeting with the Pakistan Stock Exchange’s (PSX)
Pakistan’s rupee dropped to an all-time low of 146.5 to the dollar on Thursday, days after Islamabad announced it had reached an agreement with the International Monetary Fund on a fresh bailout for its troubled economy.
Prime Minister Imran Khan has taken one more step towards economic development as the federal government decided to establish Pakistan’s first corporate restructuring company.
Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, Deputy Ruler of Sharjah and President of the University of Sharjah (UoS), praised the achievements made by the university throughout its pioneering career, which included great development in all scientific, academic, research, administrative and other fields, which brought it to high international ratings.
Two Africans and two Asians killed a guard at a site under construction after gagging and tying him down while he was sleeping to steal electrical cables. The Criminal Court sentenced the two Africans to seven years in jail and sentenced the Asian ones to three years in jail. The Court of Appeal, however, increased the sentence to 10 years against the two Africans and to five years against the two Asians.
The Abu Dhabi Court of Cassation upheld an appeal verdict obligating a man to pay his ex-wife Dhs3,100,000.
The Sharjah Children’s Reading Festival (SCRF), organised by Sharjah Book Authority (SBA), has announced the opening of registrations for the Sharjah Children’s Book Award and SCRF Visually Impaired Book Award. The deadline for receiving entries for both the awards is Sunday, March 13, 2022.