Tag: rupees
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July remittances post significant hike
The Pakistani diaspora has sent $3 billion back home in July, 48 percent higher than the previous year, The News has reported. State Bank Pakistan (SBP) data shows that remittances from Saudi Arabia increased by 56 percent to $761 million in July, while those from the United Arab Emirates increased by $611 million.The percentage reflected…
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Employees getting Rs 15 billion of free electricity: Secretary Power Division
The Senate’s Standing Committee on Energy has been briefed by the Secretary of Power Division that 190,000 employees are being given free electricity worth 15 billion rupees annually. He said, “Our electricity demand for industry is about 25 percent, decreasing over time.” The Secretary explained that 25 million employees of 400 units received a 592…
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Interbank trade: Pakistani rupee falls to all-time low of Rs214.74 against US dollar
As a result of the ruling PML-N’s defeat in the Punjab by-elections, which has caused political turmoil in the nation, the Pakistani rupee (PKR) on Monday fell to an all-time low of Rs214 against the US dollar in interbank trade. Today’s intraday trade saw Rs3.79 depreciation of the local currency against the US dollar. It…
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‘Increasing value of dollar benefits overseas Pakistanis,’ Governor State Bank of Pakistan
Governor State Bank of Pakistan, Reza Baqir, while talking to the media in the United Kingdom (UK) said that the increasing value of the dollar benefits overseas Pakistanis and we should not forget those who benefit from this increase. “Rising dollar benefits some people and harms others. Overseas Pakistanis benefit because the money they send…
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Monkey steals money from man travelling in rickshaw
A man in India was deprived of INR 100,000 (Rs229844.73) after a monkey went off with his money and threw it in the street. As per reports, a wild monkey snatched a wrapped towel with more than one lac [Indian] rupees from a traveler in an autorickshaw that was stuck in a traffic jam on a…