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KARACHI:The Pakistani currency made a sharp recovery of 4.5%, or over Rs12, to Rs273 against the
jordans US dollar in the interbank market at around noon on Friday.The rupee partially gained ground against the greenback after yesterday 39 s historic drop of 6.7%, or Rs19, to an all-time low of Rs285 per US dollar.The latest recovery follows three developments over the past 24 hours.Firstly, Finance Minister Ishaq Dar announced that the government expects to achieve the much-delayed staff-level agreement with the International Monetary Fund (IMF) next week. The programme is a lifeline for economic survival and averting imminent default.Secondly, the rupee gained value after the central bank jacked up its key policy rate by 300 basis poin
dunks shoes ts to a 26-year high of 20% on Thursday.The
dunks orange hike in the policy rate indirectly supports the rupee against the greenback, as it makes banking credit expensive, raises the cost of doing business and discourages imports.Read SBP jacks up key rate as rupee nosedive Weuo Japan counts down to precision moon sniper landing mission
PESHAWAR:Be careful when consuming sweets produced by some bakeries in Kohat since they may be using colour in the production process which may cause cancer.This advisory was issued by the Khyber-Pakhtunkhwa Food Safety Authority (K-PFSA) on Sunday.The advisory warns that a majority of bakeries in Kohat are selling sweets prepared by using non-food colours which,
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adidas samba ladies cording to experts, may cause cancer.The advisory also included details of progress made by the Kohat team of the authority in the past month.K-PFSA Deputy Director Kamran Khan said almost half of the food outl
jordan air one ets in the district they had inspected had fined, were for using non-food colours. It added that since March 29, the K-PFSA had so far inspected 158 locations in Kohat. Of these, 16 were penalised with fines of Rs540,000 imposed. Moreover, 127 improvement notices were also served to eateries.The authority disposed of about 360 kilogrammes of contaminated sweets, and 160 litres of adulterated milk during the operations.
