A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP The country’s foreign exchange assets also include gold reserves of $5.5 billion. Commercial bank liquid reserves of $4.7 billion are not included. Increase in foreign exchange reserves due to strict import restrictions: expert. KARACHI: Pakistan’s total foreign exchange assets … Read more
Prime Minister of Thailand Paetongtarn Shinawatra declared Friday more than $400 million in assets, his party said, including more than 200 designer handbags worth more than $2 million and at least 75 luxury watches worth nearly $5 million. Paetongtarn, the youngest daughter of telecommunications billionaire and former Prime Minister Thaksin Shinawatra, took office in September … Read more
A unit of the Kuwait Petroleum Corporation. — AFP/File KUFPEC will “recover its investments” by selling assets. The company’s decision has raised serious concerns among policymakers. PEL also confirms having made advance payments to KUFPEC. ISLAMABAD: Kuwait Foreign Petroleum Exploration Company (KUFPEC) has started the process of exiting Pakistan’s oil and gas sector by selling … Read more