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.
Millions of Indians turned out to cast ballots in a state election on Wednesday in the world’s biggest vote since the coronavirus emerged, with booths packed out and many ignoring government advice on wearing masks and social distancing.
Top Turkish officials condemned a caricature scorning President Tayyip Erdogan in the French satirical weekly Charlie Hebdo on Wednesday, calling it a “disgusting effort” to “spread its cultural racism and hatred.”
Sheikh Mohammed Bin Rashid Al Maktoum and Sheikh Mohamed Bin Zayed Al Nahyan expressed appreciation to this initiative of hosting a simple ceremony, given the current circumstances of COVID-19 pandemic.