Author: Noshaba Kanwal

The UAE has approved of Morocco’s decision announced on Thursday to resume diplomatic relations and communications with Israel. This confirms that UAE has welcomed the normalisation of ties between Morocco and Israel relations. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) reassured in a statement that the historical stance and firm approach of UAE supports the loyalty of Morocco’s sovereignty over its entire territories. MoFAIC highlighted the fact that US backing played an integral role in making this decision which will contribute in maintaining security and stability in the region. MoFAIC and Sheikh Mohammed both approved of the idea…

KARACHI: Forex reserves in Pakistan increased to $161 million, or 0.78 percent, during the week which ended on Thursday December 4. The State bank of Pakistan declared the results of Pakistan foreign exchange rise in reserves. Cumulatively, the country’s total liquid foreign exchange reserves increased to $20.402 billion, which was recorded as $20.241 billion in the last week. The State Bank of Pakistan (SBP) recorded $359 million reserves received from multilateral or bilateral sources. This also includes $307 million from the Asian Development Bank, the State bank of Pakistan revealed in a statement. After calculating the external debt repayments, the…

DUBAI: The United Arab Emirates (UAE) and Israel are dedicated to benefit from the digital economy incase of possible future pandemics. Both the countries are vowed to protect their peoples and economies in such times. These opinions were discussed at the “UAE-Israel Future Digital Economy Summit” by the UAE and Israeli experts. The Summit was organized in Dubai as a subsidiary of annual Information Technology Exhibition “GITEX 2020”. The first formal meeting was held after a long time between the UAE and Israel countries in a summit in Dubai. Both countries’ senior government officials and IT experts joined the conference.…

As per the Pakistan Open Market, the current dollar rate in USD to PKR buying exchange rate is 160.40, and the selling exchange rate from USD to PKR is 161.10. This currency exchange rate is set by the currency exchange dealers of Pakistan based on open market rates. There is difference of Rs.0.30 or 0.187% decrease in the Pakistani Rupee value against yesterday’s performance in the open market rate. 1 USD = 161.10 PKR 1 Dollars = 161.10 Pakistani Rupees According to yesterday value, the USD/PKR buying exchange rate is 160 and selling is 160.80.

Friday prayer will finally resume on December 4 in mosques in UAE, with availability of space to 30% people to maintain social distancing and all safety protocols. People coming to mosques to offer prayer should also act responsibly and follow all SOPs. Mohammed Al Hasan Khan, is an Imam at one of a mosque in Deira, said he had been waiting for the day to arrive when Jumma prayer will be offered in Masjid as normal and was waiting for this Jumma to arrive. Mohammed Al Hasan Khan, said “I am very much thankful to Allah that finally this day…

As per the Pakistan Open Market, the current dollar rate in USD to PKR buying exchange rate is 159.20, and the selling exchange rate from USD to PKR is 160.20. This currency exchange rate is set by the currency exchange dealers of Pakistan based on open market rates. There is difference of Rs. 0.75 or 0.466% increase in the Pakistani Rupee value against yesterday’s performance in the open market rate. 1 USD = 160.20 PKR1 Dollars = 160.20 Pakistani Rupees According to yesterday value, the USD/PKR buying exchange rate is 159.70 and selling is 160.95.

Pakistan Tehreek-e-Insaf , PTI criticize Sindh govt for limiting the business hours in the province amid the second wave of corona virus. The latest coronavirus measures claim to spread the novel coronavirus more aggressively. In respect to that scenario, Sindh government imposed the law of shutting down the markets by 6pm, starting business early at 6am. PTI criticize Sindh govt and their leaders have the opinion that the reduced business timings will make the markets crowded and this has bad impact overall. The limited business timings will also affect the financial situation of traders, who are already suffering from the…

As per the Pakistan Open Market, the current dollar rate in USD to PKR buying exchange rate is 160.70, and the selling exchange rate from USD to PKR is 161.60. This currency exchange rate is set by the currency exchange dealers of Pakistan based on open market rates. There is difference of PKR 0.10 or 0.062% decrease in the Pakistani Rupee value against yesterday’s performance in the open market rate. 1 USD = 161.60 PKR 1 Dollars = 161.60 Pakistani Rupees According to yesterday value, the USD/PKR buying exchange rate is 160.60 and selling is 161.50.

ISLAMABAD: Although the federal government claimed the fall of wheat flour price in Pakistan last week but the price reduction was inadequate compared to the kg. It was a minor reduction of 16 paisa per kg and also the flour was not available at the quoted rate of Rs.49. The essential commodities of daily use such as wheat flour price in Pakistan, prices of sugar, tomatoes, onions, vegetable, ghee, potatoes and chicken were monitored on a weekly basis, by the National Price Monitoring Committee (NPMC). This all happened in response to the notification issued by the Ministry of Finance. Adviser…

Lahore: Famous TLP chief Khadim Hussain Rizvi passed away in Lahore today due to illness. He has been suffering from health issues for a long time and passed away on Thursday night. His demise at the age of 54 is a shock. Khadim Hussain Rizvi passed away in Farooq Hospital in Lahore’s Allama Iqbal town where he was admitted for quite some time due to his illness . He was shifted to his residence then.  A senior leader of TLP, Pir Aijaz Ashrafi said in a statement that his funeral timings are not yet decided. All the party leaders and…