Author: zerfeshan arshad

Tumultuous trading was the norm at the Pakistan Stock Exchange (PSX) this week, as the index fell deep into the red amid lacklustre investor interest for the fourth week in a row, following the trend of the previous week. In the week ending October 8, the benchmark index fell 349 points, or 0.88 percent, to close at 44,477.24 points, despite continuing pressure. The negative trend was noticed as a result of a number of events that occurred throughout the week. Participants were alarmed by the increase in inflation, which reached 9% in September as a result of increased gasoline and…

The MDCAT 2021 result has been announced by the Pakistan Medical Commission. According to reports, a mistake in the system caused the email with the result certificates to be delivered to the students before the scheduled time of the result announcement. For applicants who took the medical and dental college entrance test, the official MDCAT 2021 result was expected to be released later. MDCAT is a computer-based test administered by the Pakistan Medical Commission to select applicants for medical and dental school entrance. Complains Submitted By Students Earlier this morning many students had submitted the complaints that they had received…

The Lahore High Court (LHC) has formed a bench to hear the cases of former presidents Pervez Musharraf, Asif Ali Zardari, and former Prime Minister Yousaf Raza Gillani. After an earlier bench was disbanded because a judge excused himself from hearing the case owing to personal reasons, Chief Justice Muhammad Ameer Bhatti recreated the bench. Justice Shujaat Ali Khan and Justice Ayisha A. Malik made up the three-member bench led by Chief Justice Bhatti. Justice Malik Shahzad Ahmad had already excused himself from hearing the case, resulting in the bench’s dissolution. The whole bench must consider petitions filed ten years…

Prime Minister Imran Khan has ordered that 83,741 public complaints lodged with the Pakistan Citizen’s Portal against various organisations and agencies be reopened in order to provide relief to the citizens. The responsible officials will be appointed to continue with these public complaints, according to the Prime Minister’s Performance Delivery Unit (PMDU). The prime minister has also ordered that 2,549 complaints that received partial relief be reopened. The PM Office’s media wing said in a news statement on Saturday that 43,351 of the total complaints related to 773 federal government institutions that will be reopened. Other complaints involving a total…

The Karachi Board of Intermediate Education has set the date for the matric SSC results in 2021. The SSC part 2 result 2021 Karachi board general group and scientific group will be revealed on October 20, 2021, according to a statement released by the board authorities. The compilation of the results is under progress, and the results for the candidates that appeared are expected to be announced according to the timeline specified. The students were informed that the outcome had not been released sooner owing to a delay in the approval of the COVID-19 promotion. However, while the result of…

Foreign Minister Shah Mahmood Qureshi told visiting US Deputy Secretary of State Wendy Sherman in Islamabad on Friday that Pakistan desires a broad-based, long-term, and enduring partnership with the US to promote economic cooperation and regional peace. Qureshi highlighted the importance of a frequent and organised interaction between the two nations in a meeting with Sherman, which was also attended by South and Central Asian Affairs Assistant Secretary of State Donald Lu, Foreign Secretary Sohail Mahmood, and top foreign ministry officials. During the meeting, government representatives discussed issues related to bilateral relations, Afghanistan and regional peace. According to Qureshi, the…

After the State Bank of Pakistan (SBP) adopted efforts to stem the outflow of foreign money, the rupee steadily regained ground against the US dollar on Friday, gaining 34 paisas compared to its previous closing. The rupee finished at 170.53 versus the US dollar in the interbank market, up 0.20 percent from the previous close of 170.87. Meanwhile, foreign exchange reserves held by the central bank fell by 0.65% on a weekly basis, according to data released by the central bank. On October 1, the foreign currency reserves held by the SBP were recorded at $19,169.1 million, down $125 million…

According to officials who did not want to be identified, the IMF has asked Pakistan to take more steps to increase income tax, sales tax, and regulatory duties collection, and has urged the Federal Board of Revenue (FBR) to take steps in this regard to raise the annual tax collection target from Rs5.8 trillion to Rs6.3 trillion. According to authorities, the IMF has also urged the government to eliminate or severely decrease all types of subsidies. It has also requested that the privatisation initiative be accelerated and that a deadline be established for the auction of state-owned firms that are…

USD to PKR – The current US Dollar rate in Pakistan is Rs. 170.87 as of October 7, 2021. The State Bank of Pakistan (SBP) publishes the interbank closing exchange rate for the US Dollar to Pakistani Rupee every day. Pakistani rupee to US dollar The rate of the rupee is determined by open market prices set by currency exchange dealers in Pakistan. Find the buying and selling rates for one US dollar. US Dollar rate in Pakistan Find the updated US Dollar rate in Pakistan on, 7th October 2021. DATE BUYING SELLING 7th Oct 2021 170.00 170.87 Today Dollar…

The moon for the holy month has been spotted in Pakistan, therefore Pakistan will celebrate Eid Milad un Nabi (PBUH) on October 19. After chairing a meeting of the zonal committee at the Ministry of Religious Affairs and Interfaith Harmony, Kohsar Block, Pak Secretariat in Islamabad on Thursday, the Central Ruet-e-Hilal Committee Chairman Maulana Abdul Khabir Azad declared the moon sighting. The remaining zonal/district committees convened in their provincial/district offices. Azad had previously stated, based on astrological factors, that the odds of seeing the new crescent Thursday evening were “quite brilliant.” The new crescent was born on crossing conjunction point…