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Pak rupee’s fall induces UAE gush in remittances

Pakistani expats are rushing to money exchanges to send money home in the wake of fall in value in the rupee, according to the activity registered by the UAE’s trade body of money exchanges and foreign currency remitters. “We’ve observed a considerable spike in the number of currency payments from the UAE into Pakistan,” Rajiv Raipancholia, treasurer at Foreign Exchange …

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Rupee’s slide against dollar halts after SBP intervention

 Slide in rupee halted after State Bank of Pakistan intervened at the interbank market asking banks to pump dollars which forced the domestic currency to move in a narrow band. Three-day onslaught on domestic currency halted which since Friday lost over 5 percent however; pumping from the banks on behest of the central bank forced the currency to move in …

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Intl. ratings agencies optimistic about Pakistan’s economic performance: Sartaj Aziz

Deputy Chairman Planning Commission Mr. Sartaj Aziz on Tuesday has said that the international ratings agencies are optimistic about Pakistan’s economic performance and are predicting Pakistan to emerge as one of the fast growing economies in the world in the coming years. While addressing in a conference on “Redefining prosperity paths in changing global economy: opportunities and challenges for Pakistan” …

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Services exports up by 4.06pc in four months

The exports of services from the country witnessed growth of 4.06 percent during the first four months of the current fiscal year as compared to the corresponding period of last year. The services exports during July-October (2017-18) were recorded at $1663.39 million against the exports of $1598.42 million during July-October (2016-17), according to the latest data released by Pakistan Bureau …

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Sale of cars surges by healthy 21.4pc

Sale of passenger cars has registered a healthy surge of 21.4 pc in first five months of ongoing fiscal year (FY) 2017-18. These stats were shared by Pakistan Automotive Manufacturers Association (PAMA) in a press release. According to details, 87273 units of cars were sold from July to November this year while the figure stands at 71877 for the same …

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Anil Kapoor, Juhi Chawla to share screen space after a decade

Bollywood veteran actor Anil Kapoor is likely to make pair with Indian actress Juhi Chawla after a gap of 10 years in upcoming venture. The actor will be seen with Juhi in Vidhu Vinod Chopra’s next titled Ek Ladki Ko Dekha Toh Aisa Laga. However, Anil Kapoor’s daughter Sonam Kapoor will also be the part of the movie. Sources said, …

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Pak-China artists joint performance enthrall audience at PNCA

:China and Pakistan artists’ joint performance enthralled audience here Thursday at Gala performance titled “Rhythm of Liaohai” in auditorium of Pakistan National Council of the Arts (PNCA). The event was hosted by Cultural office of the People’s Republic of China in Pakistan and Cultural Department of Liaoning Province, China. The event was conducted by China Cultural Center in Pakistan and …

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Cinema to contribute $24 bn annually to Saudi Arabia’s economy

As per initial estimates of Saudi Arabia s Ministry of Culture and Information, commercial cinema would add whooping $24 billion to country’s Gross Domestic Product (GDP) every year. The announcement marks the first time that cinemas will be opened in Kingdom in 35 years. The ministry stated that thousands of new jobs will be created and opening of commercial theatre …

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Angelina Jolie says she became actor to pay her mother’s bills

Hollywood actress Angelina Jolie has revealed that she joined showbiz field to help her late mother Marcheline Bertrand in paying bills. Academy Award-winning actress said she has always enjoyed every point of her career and never felt hesitated in front of cameras. “There’s a lot that’s not in my nature to be an actor. I’m very happy that I was …

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Priyanka Chopra receives Mother Teresa Memorial award

Bollywood stunning actress Priyanka Chopra was honored with international Mother Teresa Memorial award for her amazing social work. The actress got the award for her services toward social issues including her latest visit to Syria, where she heard the problems of Syrian refugee children and also communicated with them. Priyanka’s mother Madhu Chopra received the award on her daughter’s behalf …

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