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Showing posts from July, 2023

Rupee makes massive gains in interbank market

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  Rupee makes massive gains in interbank market Local currency closes at Rs275.44 against  greenback following IMF deal Money dealers count Pakistani rupees and US dollars at an exchange in Islamabad. — AFP/File KARACHI: The Pakistani rupee on Tuesday further strengthened in the interbank market, a day after making a rich recovery against the dollar following the much-awaited deal with the International Monetary Fund (IMF). The country on Friday secured a $3 billion short-term financial package from the IMF, giving the economy some much-awaited respite as it teeters on the brink of default. The local currency closed at Rs275.44 against the greenback, gaining Rs10.5 or 3.83% in the interbank market. It closed at 285.99 on June 27 — the last trading session before the Eid holidays. The dollar had on May 11 soared to a record-high Rs290.93 in the interbank. Since then, it has posted a drop of Rs23.43

Pakistanis can travel to 11 countries without visa

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  Pakistanis can travel to 11 countries without visa   Though the Pakistani passport is considered better than only three countries including Afghanistan yet there are also countries where Pakistanis can travel without a visa. According to the Visa Index report, Pakistani passport holders can travel to 11 countries and states without obtaining a visa. These countries include  Cook Islands, Dominica,  Haiti,  Micronesia,  Montserrat,  Niue,  Saint Vincent   and the  Grenadines,  Tajikistan,  Gambia,  Trinidad and  Tobago. In addition to these, Pakistani passport holders can easily obtain a visa upon arrival in 21 countries including Qatar, Somalia, Maldives, Senegal, Rwanda, and Cambodia. Before visiting Sri Lanka, holders of Pakistani passports can obtain an online electronic travel authorisation document (ETA). Apart from these countries, Pakistani passport holders will still need to obtain a visa to travel to a...