Author: PakPositive Staff
The Pakistani rupee continued its upward trend against the US Dollar for the seventh day, opening at 281 and closing at 281.11 in the interbank market. The currency showed a marginal gain, maintaining stability within the 280-283 range in open market rates.
Caretaker Prime Minister Anwarul Haq Kakar inaugurates 39 e-Rozgaar centers in Islamabad, kickstarting a nationwide project to establish 10,000 centers. IT Minister Dr. Umar Saif unveils ambitious plans, addressing freelancer challenges and propelling Pakistan’s IT sector with initiatives like a digital payment gateway and the availability of 5G spectrum.
In a successful Treasury Bills auction, Pakistan saw significant yield reductions, with the government surpassing its Rs. 100 billion target by raising Rs. 283 billion, indicating strong market demand. The cut-off yields for 3-month, 6-month, and 12-month T-Bills notably decreased by up to 59 basis points, according to data from the State Bank of Pakistan.
Mari Petroleum Company Limited reports a noteworthy gas discovery at the Shewa-2 well in Khyber Pakhtunkhwa, confirming hydrocarbon potential in the Kawagarh formation alongside previously discovered Lockhart and Hangu formations. The successful drill reveals sustainable gas flow rates, marking a significant development in North Waziristan.
Numan Khan Muhammad Bashir, a cautious Al Ansari customer, won Dh350,000 in the Winter Promotion 2023 after verifying the ‘Dream Home’ prize authenticity through a thorough interrogation of the unexpected call. His decade-long loyalty and reliance on Al Ansari’s services were rewarded with this unexpected windfall.
Pakistan aims to elevate trade ties with Egypt, proposing a Preferential Trade Agreement to surge bilateral trade from $400 million to $4 billion. Led by Minister Dr. Gohar Ejaz, the delegation is actively promoting Pakistani companies in Cairo, aligning with the Look Africa Mission to foster economic cooperation and tap into shared potentials.
The Pakistani rupee strengthened against the US Dollar, closing at 281.72, up 17 paisas, after a brief intraday dip. Forecasts indicate potential depreciation to 325 by December 2024 amid economic uncertainties.
The “Taleem: Tolo Da Para” program, a joint initiative by the Pakistan Army, Frontier Corps, and Khyber Pakhtunkhwa government, is revitalizing education in conflict-affected regions, benefiting over 4,000 children. Through school reactivation and community training, the program aims to contribute to local development and well-being.
The Pakistan Air Force commemorated Quaid-e-Azam Muhammad Ali Jinnah’s birth anniversary by unveiling its modernized aerial division, featuring Turkish weaponry and newly acquired drones and military jets. The display underscores Jinnah’s visionary leadership in establishing a free homeland and aligns with the growing collaboration between Pakistan and Turkey in advanced military technology.
Dr. Saveera Parkash breaks barriers as the first woman from a minority community to contest a general seat in Pakistani politics. Her dedication to addressing inequalities reflects a transformative step towards inclusivity in the political arena.