Defconomy

State Bank tightens transaction limit to avoid dollar shortage
Commercial banks have been asked to seek the SBP permission before initiating import transactions worth $100,000 in an attempt to ease dollar shortages.
KARACHI: Commercial banks have been asked to seek State Bank of Pakistan’s (SBP) permission before initiating import transactions worth $100,000 in an attempt to ease dollar shortages and conserve eroding foreign exchange reserves amid IMF loan uncertainty, sources said on Monday.KARACHI: Commercial banks have been asked to seek State Bank of Pakistan’s (SBP) permission before initiating import transactions worth $100,000 in an attempt to ease dollar shortages and conserve eroding foreign exchange reserves amid IMF loan uncertainty, sources said on Monday.

SBP tightens transaction limit to avoid dollar shortage KARACHI: Commercial banks have been asked to seek State Bank of Pakistan’s permission before initiating import transactions worth $100,000 in an attempt to ease dollar shortages and conserve...

The US dollar, which had closed at a historic high of Rs200 on Thursday, extended its gains against the rupee for the 11th consecutive session today (Friday) as it gained 25 paisa by close.

Dollar climb continues, closes at record Rs200.25 Analyst optimistic that non-essential luxury goods imports ban may improve the situation but calls for further measures.

A torrent of social media abuse was aimed at India's only Muslim player, the bowler Mohammed Shami, after his side were thrashed by Pakistan at the T20 World Cup.

Violence against Muslims in India was also reported after the emphatic 10-wicket win on Sunday, Pakistan's first against India at any World Cup.

The 31-year-old Shami became the main target after the defeat in Dubai, even though India captain Virat Kohli acknowledged that his side had been “outplayed”.

Hundreds of messages were left on Shami's Instagram account saying he was a “traitor” and should be thrown out of the Indian team.

Courtesy: Dawn.com

Cricket tensions between India and Pakistan have been heightened by boycott calls in India ahead of their T20 World Cup clash on Sunday.

A series of killings in Indian-occupied Kashmir has set off the anger, even though the Indian board has insisted the national team cannot withdraw from the game.

Decades of bitter rivalry between the neighbours often clouds their cricket encounters. India has largely refused to play bilateral games against Pakistan since 2008, after deadly attacks in Mumbai, which India blamed on Pakistan and the latter strongly denied.

Now they only play each other in international events. The last meeting was at the 50-over World Cup two years ago but even that was at the centre of boycott calls.

Read: https://www.dawn.com/news/1653033/boycott-calls-add-to-india-pakistan-cricket-tensions-ahead-of-world-cup-clash

Courtesy: ProPakistani

The Chief of Army Staff, General Qamar Javed Bajwa, visited the Army Air Defence Centre in Karachi on Thursday and laid a floral wreath at the Shuhada monument.

He later attended the commissioning of the state-of-the-art HQ-9/P High to Medium Air Defence System of Chinese origin into the Pakistan Army Air Defence and was briefed by Commander Army Air Defence Command, Lieutenant General Hamood uz Zaman Khan, about the strategic weapon system.

Read full story on our website.

Courtesy The Pakistan Frontier Global

Entire Kashmir is now under Pakistan's newly inducted Air Defence System. Another Surprise for India.

For Details: https://pakistanfrontier.com/2021/10/16/pakistan-gives-another-surprise-to-india-by-inducting-hq-9-p-air-defence-system-now-entire-kahsmir-is-under-pakistan-air-defence-umbrella/

A.Q. Khan, who died on Oct. 10 of COVID-19 at age 85, is celebrated in Pakistan as a national hero who built the country’s nuclear bomb program. Internationally, though, he became infamous not as a nuclear scientist but as a nuclear smuggler—including playing a key role in boosting North Korea’s weapons program.

As the head of Khan Research Laboratories, A.Q. Khan presided over his own nuclear fiefdom, which in the late 1980s and early ’90s spearheaded Pakistan’s development of highly enriched uranium. In 1998, Pakistan carried out a successful test of a nuclear bomb. Yet, confronted with the nuclear prowess of its neighbor and rival India, Pakistan still urgently needed a missile to deliver its bomb, and it was looking for a shortcut to avoid having to develop one on its own.

How Pakistan’s A.Q. Khan Helped North Korea Get the Bomb Islamabad and Pyongyang exchanged technology, cash, and expertise.