Business
April 30, 2021
KARACHI: Pakistan’s foreign exchange reserves increased $308 million, or 1.32 percent, during the week ended April 23, the central bank reported on Thursday.
The country’s total liquid foreign exchange reserves stood at $23.520 billion, compared with $23.212 billion in the previous week.
The forex reserves held by the State Bank of Pakistan (SBP) increased $384 million to $16.427 billion.
The foreign exchange reserves of commercial banks; however, fell to $7.092 billion from $7.168 billion.
PHC reserves verdict on bail to Capt Safdar
Peshawar
April 23, 2021
PESHAWAR: The Peshawar High Court (PHC) on Thursday reserved judgment in bail before arrest application by Pakistan Muslim League Nawaz (PML-N leader Capt (retired) Mohammad Safdar in a National Accountability Bureau (NAB) reference.
Safdar, who appeared before the PHC along with many PMLN workers had to break the fast after his health condition worsened during the hearing. He was taken to the hospital where his condition was stated to be stable.
A bench of the PHC comprising Justice Lal Jan Khattak and Justice Arshad Ali heard the bail before arrest application of Capt Safdar.
Business
April 23, 2021
KARACHI: Pakistan’s foreign exchange reserves slightly fell to $23.212 billion in the week ended April 16 from $23.220 billion a week ago, the central bank reported on Thursday.
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased $63 million to $16.043 billion, due to external debt repayment, it added. The forex reserves of commercial banks; however, rose to $7.168 billion from $7.113 billion.
UK ‘reserves the right’ to launch new military action in Afghanistan
Top Story
April 21, 2021
LONDON: Britain and its Nato allies “reserve the right” to launch fresh military action should international terrorism flourish again in Afghanistan, according to the Government.
Defence minister James Heappey left the door open for military action should “ungoverned spaces” return which pose a threat to the UK homeland or the interests of allies, as well as the option of providing air support to Afghan forces. But the army veteran stressed he hoped there is a successful political outcome in Afghanistan, telling MPs it is “almost certain” that a lasting peace settlement will “involve the Taliban as part of the Afghan government”.
3 Min Read
LONDON (Reuters) -Royal Dutch Shell said on Thursday the majority of its oil and gas reserves will be produced by 2050, playing down the risk of stranded assets as it prepares to reduce its greenhouse gas emissions in the coming decades.
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The disclosure is a rare admission by a major oil and gas company that some of its reserves may be worthless in a world shifting to renewable energy from fossil fuels in an effort to stem global warming.
The Anglo-Dutch company said in a document to investors summarising its climate strategy that around 75% of its proved oil and gas reserves will be produced by 2030, with an additional 3% produced after 2040.