Pakistani rupee stable against dollar
The rupee remained stable against the dollar at 105.3/105.5 in the inter-bank market on Tuesday compared to Friday’s close of 105.3/105.5. The currency market has fluctuated regularly in recent months with hefty rises and falls on some occasions. In the long run, however, the rupee has stood firm after experiencing extensive volatility, when it weakened from around Rs98 to a dollar to above Rs103 in the wake of political impasse over alleged election rigging. The central bank has imposed 100% cash margin on the import of certain consumer goods to restrict the demand for US dollars. The rupee has been one of the best performing currencies in Asia for over three years despite the dollar’s sharp appreciation against other currencies.
Topic: Rich coal, oil, marble reserves in FATA
Federally Administered Tribal Areas (FATA) has unique flora and fauna, with highly enriched minerals including coal, oil and marble reserves. Director General Pakistan Museum of Natural History, Dr. Muhammad Rafique on Tuesday said "We found good quality of marble with several new kinds, few of them explored while few still unexplored". He informed that they had collected samples from every agency of FATA, but there was need to work more extensively on the area to find out more about it. He stated that Balochistan also had long history and they had also suggested natural parks there to preserve its natural beauty.
Topic: Over 26mn ton wheat, 9.6mn ton rice to be produced in 2017-18
About 26.5 million tons of wheat will be produced during the crop season 2017-18 to fulfill the domestic requirements of country as well as for exporting. The wheat production in the country during last season was recorded at 25.750 million tons showing an increase of 0.24 percent as compared to last year. Meanwhile, about 9.6 million tons of rice would also be produced in the country to tackle with the domestic consumption as compared the production of 6.849 million, it added. .
Topic: Country’s exports increase 10.58% in July
The country’s exports witnessed 10.58 percent increase during the first month of the ongoing fiscal year (2017-18), compared to the corresponding month of last year. Pakistan exported goods worth $1.631 billion in July 2017 compared to the exports of $1.475 billion in July 2016, showing upward growth of 10.58 percent. The merchandise imports during the month under review also increased by 36.74 percent compared to July 2016. The imports into the country during July 2017 were recorded at $4.835 billion compared to the imports of $3.536 billion, the data revealed.
Host: Imrana Naheed (Kashmir Update)
Co-Hosts: Sajid & Tanvir (Business Update)