Connect with us

Business

Pakistan's forex reserves plummet $63mn to $9.09bn

The reserves come down due to external debt repayments

Published by Faisal Ali Ghumman

Published

on

Karachi: Foreign exchange reserves held by the State Bank of Pakistan (SBP) Thursday plunged by $63 million on a weekly basis, clocking in at $9.09 billion as of May 24.

Official data released by the central bank showed that total liquid foreign reserves held by the country stood at $14.31bn, while net foreign reserves held by commercial banks stood at $5.22bn.

The central bank cited external debt repayments as the reason for the decrease in the foreign currency reserves.

“During the week ended on 24-May-2024, SBP reserves decreased by US$ 63 million to US$ 9,093.7 million due to external debt repayments,” it said.

Continue Reading

Weather

NDMA forecasts severe heatwaves in major parts of Pakistan

The National Disaster Management Authority (NDMA) says some areas of Sindh and Punjab are expected to be engulfed in intense heat during the month of June

Published by Hussnain Bhutta

Published

on

Islamabad: The National Disaster Management Authority (NDMA) on Thursday forecasted severe heatwaves and heatwaves in most parts of the country for the month of June through its National Emergency Operations Center.

The NDMA said that some areas of Sindh and Punjab are expected to be engulfed in intense heat during the month of June.

The NDMA stated that heatwaves are expected in Umerkot, Tharparkar, Tando Allahyar, Matiari, and Sanghar in Sindh, as well as Rahim Yar Khan and Bahawalpur districts in Punjab.

The report mentioned that from May 31 to June 5, dusty winds, storms, and light rains are also possible in the upper regions of the country, including Gilgit-Baltistan and Azad Kashmir.

Continue Reading

Regional

Driving license facility for Sindh citizens; check update here

The collaboration aims to provide a more efficient and user-friendly driving license system for citizens across Sindh, marking a significant advancement in public service delivery through innovative technology

Published by Hussnain Bhutta

Published

on

Lahore: The Punjab Information Technology Board (PITB) entered into a Memorandum of Understanding (MoU) with the Sindh Traffic Police to create a Driving License Information Management System (DLIMS) for Sindh.

The agreement was signed by Sindh DIG and Head of Licensing Iqbal Dara and PITB Joint Director Rai Rashid. Key technical team members and licensing in-charges from the Sindh Traffic Police also attended the ceremony.

The collaboration aims to provide a more efficient and user-friendly driving license system for citizens across Sindh, marking a significant advancement in public service delivery through innovative technology.

Continue Reading

Trending

Take a poll