Connect with us

Pakistan

CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP

Pakistan’s current account deficit has contracted to $1.11 billion in September 2021, the State Bank of Pakistan says in its reports.

Published

on

CAD shrinks to $1.1bn in Sep from $1.47bn in Aug: SBP
GNN Media: Representational Photo

The current account balance recorded a surplus of $27 million in the same period of last, the State Bank of Pakistan (SBP) reported on Tuesday.

In September, the deficit amounted to $1.11 billion. It was 24.48% lower than the deficit recorded in the previous month of August.

The data showed during 1QFY22, the country’s deficit reached $3.4 billion compared with a surplus of $865 million during the same period last year.

The central bank wrote on Twitter: “A strong rebound in economic activity and higher [international] commodity prices kept the [current account deficit] at an elevated level of $3.4 billion in Q1-FY22.”

 

Faisal Ali Ghumman

Mr. Ghumman is a seasoned journalist who has 19 years of diversified experience in print, electronic and digital media. He has worked with 92 News HD, Daily Pakistan Today, Daily The Business, Daily Dawn, Daily Times and Pakistan Observer as News Reporter, Feature Writer, Editor, Web Content Editor and Article Writer. Mr Ghumman has graduated from the Bahauddin Zakariya University Multan and is currently enrolled in M.Phil in Mass Communication at the University of Punjab.

Pakistan

Court orders former chief judge Rana Shamim to submit original affidavit within 5 days

"Rana Shamim had tried to convince the people to lose confidence in court"

Published by Siddra Sumreen

Published

on

Court orders former chief judge Rana Shamim to submit original affidavit within 5 days

Islamabad: The Islamabad High Court (IHC) on Tuesday has ordered Gilgit Baltistan former chief judge Rana Shamim to submit the original draft of the original affidavit within five days.

According to details, Islamabad High Court (IHC) bench headed by Justice Athar Minallah took up contempt of court case over the affidavit of Rana Shamim. 

During the proceeding, Justice Athar Minallah remarked that Rana Shamim had tried to convince the people to lose confidence in court.

He remarked that if the original affidavit was found different from the affidavit being reported. Then the responsibility will be on the newspaper.

Rana Shamim told court that his affidavit was sealed one, but he did not know which affidavit was reported.

IHC CJ Athar Minallah directed the former GB chief judge to submit his original affidavit in the court along with his written response in the case within five days and adjourned the hearing of the case for seven days.

Attorney General Khalid Javed Khan requested the court to take action against Rana Shamim.

The court adjourned the hearing till December 7.

Continue Reading

Pakistan

Govt announces no change in POL prices

The petrol price will remain unchanged at Rs145.82 per litre, and diesel price will remain Rs142.62 per litre as it was before.

Published by Faisal Ali Ghumman

Published

on

Govt announces no change in  POL prices

Islamabad: The federal government Tuesday announced to maintain the prices of petroleum products.

Following the prime minister's decision, the petrol price will remain unchanged at Rs145.82 per litre, and the price of diesel will remain Rs142.62 per litre as before.

The prices of kerosene oil and light diesel will stay at Rs116.53 and Rs114.07 per litre, respectively.

According to the notification, the new prices will be effective from December 1.

On November 5, the government had jacked up the price of petrol in Pakistan by Rs8.03 per litre despite November 1's decision of the prime minister to not increase the prices.

 

Continue Reading

World

Seven die after eating poisonous turtle meat

Tortoise meat consumption is generally considered safe. But selenium toxins, which are rarely found in turtle meat turn the meat toxic and deadly to consume. 

Published by Mehak Javed

Published

on

Seven die after eating poisonous turtle meat

Seven people, including a three-year-old child, have died after eating a poisonous tortoise meat on the island of Pemba in Tanzania, Africa.

As per police, firstly the minor died after eating poisonous tortoise meat followed by two more deaths at night and then four more on Sunday.

Doctors say that the poisonous meat of tortoise affects children the most.

In rare cases turtle meat can be toxic due to a type of food poisoning known as ‘chelonitoxism’. 

Local police commander said that at least five families on Pemba, which is part of the semi-autonomous Zanzibar islands, ate the turtle meat last Thursday.

Moreover, 38 people were admitted to hospital, but most were discharged and the three who remain are said to be in a stable condition. 

Tortoise meat consumption is generally considered safe. But selenium toxins, which are rarely found in turtle meat turn the meat toxic and deadly to consume. 

The meat is a common delicacy among those living on Tanzania's islands and coastal areas but the authorities have now banned the consumption of turtles in the area. 

Earlier in March, 19 people succumbed to death in Madagascar after eating tortoise meat. 

Continue Reading

Trending