No Result

View All Result

No Result

View All Result

Tag: Saudi Arabia

Roberto Fabinho

Sports

Roberto Fabinho follows Henderson in leaving Liverpool to move to Saudi Arabia

Liverpool: Liverpool lost another midfielder to the emerging Saudi Pro League Monday when Brazil midfielder Roberto Fabinho joined Al-Ittihad, the ...

Read more

Great Barrier Reef, Australia

International

Australian government welcomes UNESCO finding on Great Barrier Reef

Canberra: The Australian government Tuesday welcomed the draft decision from the UNESCO not to list the Great Barrier Reef "in ...

Read more

Pakistan

International

Pakistan approves projects worth billions of dollars to Gulf countries for investment purpose

Islamabad: In a major development, cash-strapped Pakistan has in principle approved 28 projects worth billions of dollars that would be ...

Read more

Cash-strapped Pakistan to get Saudi help - Gwadar Port

International

Saudi Arabia invests $ 10 billion to build Pakistan’s largest oil refinery in Gwadar Port

Islamabad: Four Pakistani state-owned petroleum companies have signed a memorandum of understanding with Saudi Arabia to build Pakistan's largest oil ...

Read more

SAFF Championship 2023 -Indian National Football Team

Sports

FIFA World Cup Joint Qualification Round 2: India clubbed with Qatar, Kuwait in four-team Group A

Kuala Lumpur: The Indian men's football team has been drawn in Group A of the FIFA World Cup 2026 Preliminary ...

Read more

Smuggling of US dollars to Afghanistan hurting Pakistan's economy Karachi: The Pakistani currency is under pressure owing to the ongoing political unrest in the country and the smuggling of US dollars to Afghanistan, media reports said on Tuesday. "Pakistan is currently dealing with problems on several fronts, the political crisis being the first and biggest one. The dollar crisis is also connected with it," Malik Bostan, the Chairman of the Exchange Companies Association of Pakistan (ECAP), said at a news conference, The News reported. About $2 billion goes to Afghanistan from Pakistan in the form of official and unofficial trade, misuse of Afghan transit trade, smuggling and through the borders, claimed Bostan, adding that these factors are burdening Pakistan's foreign exchange reserves. Currently, Pakistan's economy is suffering irreparable harm because of the Afghan transit trade, which has grown significantly. A significant portion of the dollars travelling from Pakistan to Afghanistan passes through the Afghan transit trade, and both Afghan and Pakistani traders are involved in this anti-national activity, he added, The News reported. To lower the import bill, the government imposed high duties on many luxury goods. "Our traders and importers thought that why should they pay a 200 per cent duty to the Pakistani government," Bostan said, adding that they operate a global network, accepting payments through hundi/hawala in Dubai, London, Europe, America, Saudi Arabia, and everywhere else. "They bring their items here in the name of Afghan transit, travelling from our port to Afghanistan and then returning to Pakistan in small trucks. Numerous importers from Pakistan who participate in this atrocious practice not only fail to pay import duties, which costs the national exchequer billions of rupees, but also prevent dollars from entering the country," he said. When the Afghan Taliban established a transition government in August 2021, the Pakistani rupee was trading at 155, the country's foreign exchange reserves were $22 billion, and its import bill was $4.5 billion. According to Bostan, today the rupee has fallen to almost 225 in the interbank market and 235 per dollar in the free market, The News reported. He claimed that every month, about $3 billion in remittances were sent to Pakistan. The remittance flows have now decreased to $2 billion. "Where does this monthly $1 billion go? Because we are paying remittances at 225 rupees for every dollar, this $1 billion per month has become the sight of Afghan transit. The hawala/hundi operators are giving those 270 for every dollar," Bostan said. IANS Pakistan, Afghanistan, economy

International

Pakistani rupee depreciates by Rs 1.8 against US dollar in interbank & open markets

Karachi: The Pakistani rupee lost value to the US dollar in the interbank and open markets Tuesday as the initial ...

Read more

Kylian Mbappé - Paris Saint-Germain

Sports

Paris Saint-Germain accept world-record 259m pounds bid for Kylian Mbappe from Saudi club Al-Hilal: Report

New Delhi: Ligue 1 club Paris Saint-Germain have accepted Saudi Arabian side Al Hilal's world-record bid of 259 million pounds ...

Read more

Peace talks stalled over payment dispute with Saudi: Yemen's Houthi militia

International

Peace talks stalled over payment dispute with Saudi: Yemen’s Houthi militia

Sanaa: Yemen's Houthi militia said that peace talks with Saudi Arabia have been put on hold because of a dispute ...

Read more

North Korea confirms test-firing of Hwasong-18 intercontinental ballistic missile

National

NSA Ajit Doval bats for collective steps to overcome cybersecurity challenges

New Delhi: National Security Advisor Ajit Doval Monday called for collective efforts to deal with challenges emanating from cybersecurity at ...

Read more

Kylian Mbappe

Sports

Saudi Arabian soccer team Al-Hilal makes record $332 million bid for France striker Kylian Mbappe

Sydney: After missing out on Lionel Messi, Saudi Arabian soccer team Al-Hilal made a record 300 million euro ($332 million) ...

Read more

Page 8 of 35 Prev 1 … 7 8 9 … 35 Next

Archives

Editorial

Far-Right Chile

Jose Antonio Kast

December 23, 2025

Far-Right politics has claimed yet another South American country – Chile - with the recent victory of the ultraconservative lawyer,...

Read more

Diplomatic Failure

December 22, 2025

Bangladesh has once again been gripped by violent unrest fol lowing the death of youth leader Sharif Osman Hadi, deepen...

Read more

Rushed Laws

December 21, 2025

On December 17, Wayanad MP Priyanka Gandhi Vadra asked the Lok Sabha to send the Viksit Bharat - Guarantee For...

Read more

Strategic Recalibration

December 20, 2025

By Dilip Cherian When India quietly decided to send Rahul Rasgotra to Port Louis as National Security Advisor (NSA), it...

Read more

© 2025 All rights Reserved by OrissaPOST

© 2025 All rights Reserved by OrissaPOST