A special meeting of the Board of Governors of Cadet College Petaro was held at the Chief Minister's House, led by President Asif Ali Zardari. Chief Minister Murad Ali Shah was also present and thanked President Zardari for holding the meeting. "It’s a privilege for us to host a meeting of this prestigious institution," said the Chief Minister. The meeting was attended by MPA Dr. Sikandar Ali Shoro, Chief Secretary Asif Haider Shah, Principal Secretary Agha Wasif, Secretary Abdul Rahim Sheikh, and Finance Secretary Fayyaz Ahmed Jatoi. Other participants included Chairman Board of Governors and Commander Karachi Vice Admiral Muhammad Faisal Abbasi, Secretary to the President Muhammad Shakeel Malik, Commodore Rashid Nazir, Captain Abdul Ghaffar, Air Commodore Atir Amir, and several others. President Zardari welcomed everyone, saying, "Cadet College Petaro is my alma mater. I studied here, and it’s very close to my heart. I want to contribute to its growth....
Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million in two months.
Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million in two months.
Islamabad Dollar will be cheaper, Pakistan's foreign exchange reserves rise by $ 1 billion 27 million Reached the dollar level. According to details, foreign exchange reserves recorded an increase of $ 1 billion 27 million in the first two months of this fiscal year, according to data released by the State Bank. Of which the central bank's reserves are $ 1.8 billion, up from $ 1.8 billion.
Economic analysts say the exchange
The reserves of the country are currently equal to two months of imports, while according to the standards of the global financial institutions, reserves of any country must be equal to imports of at least 3 months.
On the other hand, reserves of commercial banks have risen by $ 9 million in two months to reach $ 7.29 billion. It should be noted that the increase in foreign exchange reserves was due to borrowings from the IMF and other financial institutions.
Pakistan's remittances have also increased. Due to this, the dollar value of Pakistan's currency market has also decreased. During the two months, the dollar has lost more than Rs 7 against the rupee. While the dollar is likely to fall further.
Economic analysts say the exchange
The reserves of the country are currently equal to two months of imports, while according to the standards of the global financial institutions, reserves of any country must be equal to imports of at least 3 months.
On the other hand, reserves of commercial banks have risen by $ 9 million in two months to reach $ 7.29 billion. It should be noted that the increase in foreign exchange reserves was due to borrowings from the IMF and other financial institutions.
Pakistan's remittances have also increased. Due to this, the dollar value of Pakistan's currency market has also decreased. During the two months, the dollar has lost more than Rs 7 against the rupee. While the dollar is likely to fall further.
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