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Wednesday, October 24th, 2018

 

Rupee Improves Against US Dollar, Stocks Jump to Almost 1600 Points

ISLAMABAD; Oct 23, 2018 (Updated): The US dollar showed downward trend by Rs1.92 against Pakistani rupee in interbank market on Wednesday. Due to decline in US dollar rate, it is being traded at Rs132 — the buying price is Rs131, whereas it is being sold at Rs133. The turn down in US dollar rate has eventually lowered down the national debt by approx Rs180 billion. The Pakistan Stock Exchange gained tremendously on Wednesday, as its benchmark KSE-100 index jumped upĀ  by 1,556 points to reach 39,271 points by close ofRead More


Pakistan and Russia Conduct Third Joint Military Drills

ISLAMABAD; Oct 23, 2018: Pakistan and Russia began annual joint military exercises to strengthen cooperation in the war against terrorism and the growing threat from the Islamic State group in neighboring Afghanistan. According to officials, the “Druzhba-III” (Friendship III) exercise began on Monday at the National Center for Counterterrorism in the northwestern mountain city of Pabbi. A Pakistani Special Forces headquarters is also located there. The official representative of the Pakistan army, Major General Asif Ghafoor, said that this was the third exercise under the bilateral cooperation program between PakistanRead More