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Real exchange rate jumps to 104.8

[ Govt raises Rs445b in bond auction; gold hits Rs453,562/tola; silver surges to record high at Rs6,822 Controlling the rupee-dollar exchange rate has made imports cheaper, putting export earnings at risk of slippage; a situation that may lead to widening of fiscal and current account deficits in the future. Photo: file KARACHI: Pakistan’s Real Effective … Read more

Barcelona, Lyon and Chelsea reach Women’s Champions League quarters

PARIS: Barcelona and Lyon clinched places in the quarter-finals of the Women’s Champions League on Wednesday, while Chelsea came from behind to beat Wolfsburg and qualify directly for the last eight. Holders Arsenal must go through the play-offs along with Manchester United after missing out on a top-four finish, as Bayern Munich pinched the final … Read more

Urban property tax looms

Chief minister tells World Bank door-to-door assessments identified 3.1 million properties Sindh Chief Minister Syed Murad Ali Shah speaks during a press conference on Wednesday. Photo: NNI KARACHI: Urbanites, complaining about the missing civic amenities and crumbling infrastructure, will soon be getting property tax notices for their houses and shops located on dilapidated and dug … Read more

Six booked for 'attempted bribery'

A case has been registered against six people for bribing the food department staff on the motorway within the limits of Airport police station. According to the police, food inspector Mian Khawar said that he was present on the motorway M-1 with the team when he received a call. An unknown caller said that they … Read more