Author: Web Desk

[ad_1] US dollar banknotes are displayed in this illustration taken, on February 14, 2022. — ReutersState Bank of Pakistan (SBP)-held foreign exchange reserves have witnessed a meagre rise as the cash-strapped nation desperately tries to unlock the critical International Monetary Fund (IMF) loan tranche — which will pave way for more funding.More to follow…  [ad_2] www.geo.tv

[ad_1] A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. — ReutersMarket expects policy rate to be increased soon as next scheduled meeting is “too far”.Off-cycle rate reviews are not uncommon in Pakistan, though.Market is expecting at least a 200 basis points increase in SBP’s policy rate.KARACHI: The State Bank of Pakistan (SBP) is set to raise interest rates as early as this week in an off-cycle review, investors said, as the South Asian nation faces pressure to mend its finances amid a $1 billion…

[ad_1] An undated image of a customer looking at the jewellery displayed at a gold store. — Reuters/FileGold jumped on Thursday, bouncing back from the price shock received a day earlier to trade above the key Rs196,000-per-tola level as record-high inflation once again shifted investors’ attention towards the precious commodity.Data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of gold (24 carats) increased by Rs500 per tola and Rs429 per 10 grams to settle at Rs196,100 and Rs168,124, respectively.More to follow… [ad_2] www.geo.tv

Gold Rate in Pakistan Today 23 February 2023 per tola for 24k is Rs. 194500 and per 10 grams gold rate for 24k is Rs. 166760. Gold Rate In Pakistan Today, 23 Feb 2023 Karachi is the largest hub of the gold market, in Pakistan, Karachi is leading for the gold price, every city follows Karachi Sarafa Bazar Association for the gold price, Today gold rates for different cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta are the same. City 24k per Tola 24k 10g 22k 10g Gold rate in Karachi Rs. 194500 Rs. 166760 Rs. 152862 Gold rate in Lahore Rs. 194500…

Today Gold Rate in UAE (U.A.E Dirham) 24K is 221.50 AED.  last updated on, 23 February 2023. These rates are given in 1 tola, 1 gramme, and 10-gramme increments in UAE Dirham. the local gold and bullion markets in the UAE provide live rates. Today Gold rate in UAE, 23 Feb 2023 Date Ounce 24 Carat 22 Carat 21 Carat 18 Carat February 23 6,716.10 221.50 205.25 198.50 170.25 Gold prices fluctuates almost every day worldwide including UAE. Get the updates about today gold price in UAE, and get rates of 18 karat, 20 karat, 21 karat and 22 karat gold.…

[ad_1] — Radio PakistanApproval given in accordance with Article 75 of Constitution.Bill envisages taxes, duties of Rs170bn to meet IMF conditions.President has no power to reject, object finance bill as per constitution.ISLAMABAD: President Arif Alvi has given assent to the Finance Supplementary Bill 2023 which was sent to him on Wednesday — two days after the National Assembly passed it on February 20.The approval has been given in accordance with Article 75 of the Constitution, the President House said in a statement today.The bill envisages additional taxes and duties of Rs170 billion to meet the conditions of the International Monetary…

[ad_1] A representational image of a computer showing software coding. — PixabayIT exports for January 2023 stood at $190 million.Exports of computer software, and consultancy dropped by 25%.Exports for January 2023 are lowest since May 2022.KARACHI: Pakistan’s information technology (IT) exports for January 2023 decreased by 23% month-on-month (MoM) to the lowest since May 2022, data showed on Wednesday, with a hint that a gap between exchange rate markets had contributed to the decline.IT exports for January 2023 stood at $190 million, with a 20% and 35% MoM decline in computer and telecom services respectively. Among computer services, exports of computer…

[ad_1] Minister for Commerce Syed Naveed Qamar meeting with US Special Representative for Commercial and Business Affairs Dilawar Syed at the Embassy of Pakistan in Washington on February 22, 2023. Geo NewsWASHINGTON: Minister for Commerce Syed Naveed Qamar welcomed the resumption of Pakistan-US Trade Investment Framework Agreement (TIFA) ministerial meeting after a gap of almost 8 years terming it ‘critical’ towards enhancing bilateral trade ties, being the focus of Pak-US relations. The minister met US Special Representative for Commercial and Business Affairs Dilawar Syed at the Embassy of Pakistan in Washington to discuss ways and means for enhancing Pak-US bilateral…

[ad_1] Federal Minister for Commerce, Syed Naveed Qamar. Radio PakistanMinister hopes Pakistan to get IMF deal by this week.Says Pakistan took measures needed to  unfreeze $6.5bn credit line.Pakistan took steps including cutting subsidies, hiking taxes.ISLAMABAD: Federal Minister for Commerce, Syed Naveed Qamar said that the International Monetary Fund (IMF) was likely to announce its staff level agreement (SLA) on Extended Fund Facility (EFF) with Pakistan by this week.“Pakistan has taken all the measures needed to unfreeze a $6.5 billion credit line and expects to clinch the deal any day now, ” he said in an interview with Bloomberg.Meanwhile, Minister of…

[ad_1] Donald Blome, Ambassador of the United States of America to Pakistan called on Finance Minister Senator Mohammad Ishaq Dar and exchanged views on further promoting bilateral economic, investment and trade relations between the two countries. Twitter/FinMinistryPakMinister says govt concenred about masses’ well-being.Discusses govt’s economic policies to address economic challenges.Envoy Blome expresses confidence in govt’s economic policies.ISLAMABAD: Finance and Revenue Minister Senator Mohammad Ishaq Dar said that the incumbent government was highly concerned about the well-being of the masses. The minister said this in his meeting with United States Ambassador to Pakistan Donald Blome who called on him here on Wednesday.…