Pakistan News

    1 Omani Rial Pakistan Rupees To Dollar

  • Iranian rial hits all-time low against dollar

    TEHRAN: The Iranian rial hit another all-time low against the US dollar on Monday in spite of central bank efforts to stem the decline...

    The rial has lost around 15 per cent of its value on the open market in the past three days, bottoming at 128,500 to the dollar by Monday evening, according to Bonbast...

  • Iranian rial gets a boost as sanctions lifted

    KARACHI: The Iranian rial has surged in value after the lifting of international sanctions against Tehran, with speculators and investors hoping that the currency could turn returns like the Kuwaiti dinar did in the early 1990s after that country regained independence from Iraq...

    “Investing in the Iranian rial is not a bad idea,” said a currency dealer...

  • Omani ships dock at Karachi for joint exercise with Pakistan Navy

    Two ships of the Royal Navy of Oman (RNO) arrived in Karachi on Monday to conduct a bilateral naval exercise “Thamar Al Tayyab” with Pakistan Navy, which is the eighth in the series...

    A Pakistan Navy statement said that upon arrival at Karachi Port, the visiting ships 'Rnov Al Sadh' and 'Rnov Al Bushra' were given a warm welcome by senior officials of Pakistan Navy at an impressive ceremony...

  • ‘Marine pollution costing Pakistan billions of rupees’

    KARACHI: Utter neglect towards marine pollution costs Pakistan billions of rupees every year that includes the huge expenditures the country incurs on account of vessel repair and maintenance, as constant flow of untreated toxic effluent towards the sea has doubled (metal) corrosion rate...

    According to him, the Pakistan Navy alone incurs a loss of Rs1bn annually on vessel repair and maintenance as (metal) corrosion rate owing to...

  • Living off 400 rupees a day

    We are quick to haggle with the daily-wage owner and the man who sells fruits at the corner shop, not truly understanding that the small profit he makes is essential to his survival...

    Think for a moment about the man whose salary 10 years ago was Rs9,000 and today is Rs12,500
  • Over half a million rupees looted in year’s sixth bank heist

    KARACHI: Some three armed robbers stormed a private microfinance bank in the old city’s Kharadar area on Tuesday, held security guards and staff at gunpoint and took away more than half a million rupees as the bank management allegedly had not followed the standard operating procedures (SOPs) to prevent such robberies, police said...

    Only on July 20, armed robbers took away three million rupees from the Gulshan-i-Iqbal branch of a...

  • Probe body unearths billions of rupees corruption in Umerkot health dept

    UMERKOT: The district inquiry committee formed by the provincial government to probe corruption in the Umerkot health department released its report on the occasion of the World Anti-Corruption Day on Wednesday, unveiling massive corruption running into billions of rupees, mismanagement and violation of laws and demanding action against the culprits...

  • PTI, PAT sit-ins cost the country billions of rupees, claims Dar

    ISLAMABAD: After securing a clean chit from the judicial inquiry commission into rigging in the 2013 elections, the government has released details of the losses it claims Pakistan suffered due to the Pakistan Tehrik-i-Insaf (PTI) and Pakistan Awami Tehrik (PAT) demonstrations last year...

    The detailed information gathered from various sectors under the guidance of Finance Minister Senator Ishaq Dar claims that the country was...

  • Grade-16 officer held, assets worth millions of rupees seized

    HYDERABAD: Officials of the National Accoun­tability Bureau (NAB) seized assets, including prize bonds, worth millions of rupees and documents of immoveable properties also worth millions of rupees, in a raid on the residence of a grade-16 official of the education department, Bachu Mal, here late on Saturday evening, according to a NAB press release...

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