Pakistan News International

Hooriya Qureshi

ICCI shows concerns over rising trade deficit

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Islamabad, April 07 (ONLINE): Muhammad Shakeel Muhammad, President, Islamabad Chamber of Commerce & Industry (ICCI) has expressed great concerns over the Pakistan’s rising trade deficit, which has widened 70 percent to USD 35.4 billion during July-March 2022 due to rising imports and stagnant exports, which […]

Pakistan’s Liquid Foreign Reserves position

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KARACHI, Apr 07 (APP): The total liquid foreign reserves held by the country stood at US$ 17,476.9 million as of April 1st, 2022. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of Pakistan: US$ 11,319.2 […]

Hiroshima to host para sailing worlds

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TOKYO, April 7 (Xinhua/APP) –: Japan will host the 2022 Hansa Class Asia Pacific Championships and Para World Sailing Championships on October 20-23 at Hiroshima Kannon Marina. The move marks a major milestone in Asia – it’s the first time ever these championships for able-bodied […]

Yemen’s president transfers power to new leadership council

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Riyadh, April 7 (AFP/APP): Yemen’s president announced Thursday he is handing his powers to a new leadership council, in a major shake-up in the coalition battling Huthi rebels as a fragile ceasefire takes hold.   “I irreversibly delegate to this presidential leadership council my full […]

Residents evacuate as floods threaten Sydney suburbs

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Sydney, April 7 (AFP/APP):Heavy rain triggered evacuation orders in Sydney on Thursday, as swollen rivers threatened homes and flooded roads in the latest wild weather to lash Australia’s east. Residents in several suburbs of Sydney’s south and southwest were told to leave for safety as […]

SBP raises policy rate to 12.25 %

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KARACHI, Apr 07 (APP):The State Bank of Pakistan on Thursday announced to increase its policy rate (interest) by 250 basis points to 12.25 percent, from 10 percent, for next two months.   SBP’s Monetary Policy Committee, in its meeting here at State Bank’s headquarters,  decided […]

Shell to take hit of up to $5 bn on Russia exit

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London, April 7 (AFP/APP): British energy giant Shell warned Thursday that it would take a hit of up to $5 billion (4.6 billion euros) on its exit from Russia, following Moscow’s invasion of Ukraine. Impairment from assets and additional charges relating to Russia activities were […]

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