Dollar falls by Rs1.05 as rupee strengthens

Pakistani rupee on Wednesday witnessed the 17th consecutive recovery session as it gained Rs1.05 against the US dollar in the interbank trading and closed at Rs288.75 against the previous day’s closing of Rs289.80.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs287.6 and Rs290.5 respectively.

The price of the Euro decreased by Rs 1.86 to close at Rs305.03 against the last day’s closing of Rs306.89, according to the State Bank of Pakistan (SBP).

The Japanese Yen came down by 01 paisa to close at Rs1.93, whereas a decrease of Rs 2.29 was witnessed in the exchange rate of the British Pound, which traded at Rs350.74 as compared to the last closing of Rs353.03.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 28 paisas each to close at Rs78.61 and Rs76.97 respectively.

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Army chief assures business community of ‘complete support’ for economic uplift

Chief of Army Staff Gen Qamar Javed Bajwa on Wednesday assured the business community of the army’s “complete support” for the economic uplift of the country. He made this assurance during a meeting with businessmen who called on him at the General Headquarters today, according to a statement by the military’s media affairs wing. A delegation of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and the army chief discussed the “evolving regional economic environment” as well as the FPCCI’s role in the development of commercial and industrial hubs in Pakistan, the Inter-Services Public Relations (ISPR) said. During the meeting, Gen Bajwa appreciated the role of the business community in the economic uplift of the country and affirmed all-out support of the army in this regard. The delegation, meanwhile, acknowledged the Pakistan Army’s role and sacrifices in the provision of a "secure enabling environment" for economic prosperity in the country, acco...

3rd U-19 Women T20: South Africa beat Pakistan by 52 runs

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Military court case: SC rejects govt plea for constitution of full court bench

The Supreme Court of Pakistan has rejected a government plea to constitute a full court bench to decide the issue of civilian trials in military courts. The government had urged the court to set up a full court on the question. The was heard by a six-member larger bench headed by Chief Justice Umar Ata Bandial, which reserved its judgment on Tuesday. The bench ruled that judges were not available for the constitution of full court bench due to summer vacations. The bench includes Justice Ijazul Ahsan, Justice Muneeb Akhtar, Justice Yahya Afridi, Justice Mazahar Ali Akbar Naqvi and Justice Ayesha Malik. The Chief Justice of the Supreme Court remarked during the hearing yesterday (on Tuesday) that there should be an independent body to review whether the arrests were made on valid grounds or not. The attorney general of Pakistan submitted the details of 102 people who face military trials to the court. Justice Mazahir Naqvi said in his remarks why other accused in the same case ...

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