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KARACHI:The rupee weakened against the dollar at Rs138.76/Rs139.04 in the inter-bank market on Tuesday compared with Monday s close of Rs138.71/Rs138.99, according to the State Bank of Pakistan (SBP). Earlier in November, the rupee fell to yeezy an all-time low at Rs14 chancleta yeezy 4 against the dollar in intra-day trading before recovering to 139.05 in the sixth round of devaluation since December 2017. Cumulatively, the rupee has l yeezy tenis ost 31.8% of its value in the last 12 months. In October, a slump in the value of the rupee came after the government decided to knock at the International Monetary Fund s (IMF) door to avoid default on import payments and debt repayments.Published in The Express Tribune, December 12th, 2018.Like聽Business on Facebook,聽follow聽@TribuneBiz聽on Twitter to stay informed and join in the conversation. ISLAMABAD:The Asian Development Bank (ADB) has said that it will provide $97 million to help fund a new private nb sector hydroelectricity plant in Pakistan, which will ease power shortages and create thousands of jobs. Shops and factories across Pakistan have to scale back operations because of electricity shortages. This new renewable energy generating plant will power businesses and light homes across the country, said Takeo Koike, Principal Investment Specialist of ADB s Private Sector Operations Department.Pakistan is facing an acute shortage of power, e campus adidas stimated at over 4,200 megawatts during peak demand, which has led to worsening brownouts and blackouts across the country, necessitating power rationing, says an ADB handout.Most of the energy is generated from imported oil, putting a severe strain on finances as global oil prices rise and the rupee depreciates, it said.The approval of the $97 million adidas samba rosse loan by ADB board of directors for 147-megawatt run-of-the-river Patrind hydropowe
KARACHI:The rupee weakened against the dollar at Rs138.76/Rs139.04 in the inter-bank market on Tuesday compared with Monday s close of Rs138.71/Rs138.99, according to the State Bank of Pakistan (SBP). Earlier in November, the rupee fell to yeezy an all-time low at Rs14 chancleta yeezy 4 against the dollar in intra-day trading before recovering to 139.05 in the sixth round of devaluation since December 2017. Cumulatively, the rupee has l yeezy tenis ost 31.8% of its value in the last 12 months. In October, a slump in the value of the rupee came after the government decided to knock at the International Monetary Fund s (IMF) door to avoid default on import payments and debt repayments.Published in The Express Tribune, December 12th, 2018.Like聽Business on Facebook,聽follow聽@TribuneBiz聽on Twitter to stay informed and join in the conversation. ISLAMABAD:The Asian Development Bank (ADB) has said that it will provide $97 million to help fund a new private nb sector hydroelectricity plant in Pakistan, which will ease power shortages and create thousands of jobs. Shops and factories across Pakistan have to scale back operations because of electricity shortages. This new renewable energy generating plant will power businesses and light homes across the country, said Takeo Koike, Principal Investment Specialist of ADB s Private Sector Operations Department.Pakistan is facing an acute shortage of power, e campus adidas stimated at over 4,200 megawatts during peak demand, which has led to worsening brownouts and blackouts across the country, necessitating power rationing, says an ADB handout.Most of the energy is generated from imported oil, putting a severe strain on finances as global oil prices rise and the rupee depreciates, it said.The approval of the $97 million adidas samba rosse loan by ADB board of directors for 147-megawatt run-of-the-river Patrind hydropowe