The dollar has fast-tracked regaining its lost ground as it reached closer to Rs285 in the interbank market after hitting its lowest in the middle of October. Amid drying up inflows coupled with strong demand from importers, the greenback maintained its bull run by gaining Rs7.7 or 2.8 per cent in the last 10 sessions. Currency experts counted several reasons which ended the rupee’s winning
The deportation drive is in full swing. Thousands of Afghan nationals staying “illegally” in Pakistan are being deported on a daily basis. More than 140,000 have already returned to their homeland voluntarily. Sporadic bloody fight against remnants of the separatist elements in Baluchistan is ongoing. People are growing sceptical about the will of the Election Commission of Pakistan and the car
Eagerly yearning for stability, businesses in Pakistan seem to be somewhat disengaged from political parties’ manifesto-crafting processes. Part of the reason might be that they anticipate that no single party will secure more than 30 per cent votes and envisage the formation of a coalition government following the current interim administration. “While it may sound somewhat cynical, the sta
In the late 17th century, Swiss mathematician Johann Bernoulli presented a formidable challenge to his contemporaries: solve the intricate brachistochrone problem within six months. Due to its complexity, none were able to solve it within the given time frame. At the request of esteemed figures, including the German polymath Gottfried Leibniz, Bernoulli extended the deadline to eighteen months.
Despite the ongoing ‘war’ — if one is ready to call it a ‘war’ and not a genocide — in the Middle East, oil prices have largely remained unaffected. Last Friday, as the week approached its end, oil prices settled more than two per cent lower, with Brent crude futures down $1.92 or 2.3pc to $84.89 a barrel. West Texas Intermediate crude futures also fell $1.95, or 2.4pc to $80.51 a barrel. On a