The Biden administration has added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan’s nuclear activities or for supplying an Iranian electronics company. The entities, based in Latvia, Pakistan, Russia, Singapore and Switzerland, were added over US national security and foreign policy concerns, the Commerce Departmen
Despite the import of urea, farmers complain that market costs for compost have climbed significantly. Amanullah Chattha, vice-president of Kissan Board Pakistan, said in a statement here on Thursday that although the government imported 33,000 tonnes of fertiliser from abroad, urea compost is sold for Rs3,000 per bag in the local market. He said that the first irrigation of the wheat harvest i
Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple Inc’s 30pc cut on any payments made by users via apps on the iOS operating system, the report said.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged $784 million to a nearly four-year low of $6.72 billion during the week that ended on Dec 2, the central bank said on Thursday. According to the central bank data, the SBP reserves were last recorded below this level during the week ended on Jan 18, 2019, when it had some $6.64bn. Net foreign reserves held by comm
In a move to soothe the financial market amid growing fears of default, State Bank of Pakistan Governor Jameel Ahmed has said the debt repayment situation is completely under control and all the external payment obligations will be met in time. While advising analysts to correct their views about debt repayments, Mr Jameel expressed full confidence that Pakistan will not default. In a podcas