Tag: financial

  • Fatima Effendi says single women pursue married men for financial security

    Fatima Effendi says single women pursue married men for financial security

    Actress and digital content creator Fatima Effendi is never afraid to speak her mind. Recently, she appeared as a guest on ‘FHM Podcast’ where she talked about her unfiltered thoughts on extramarital affairs, social media, and the changing dynamics of relationships.

    Fatima said, “These days’ men are a bit scared before they start affairs as they fear being found out on social media and their wives leaving them. This is a change from what used to happen before.”
     
    Fatima highlighted that women frequently target the other woman when they find out about an affair.
    “When an affair comes to light, women should not target the other woman. Women should look at their own men instead of looking at the women around them.”

    About society’s growing materialism, she said, “Today, people have become materialistic, and it’s alarming that single women now go for married men, not because they love them but because they only want financial stability.”
     
    Fatima Effendi and Kanwar Arsalan have two sons together after their marriage in November 2012.

  • Germany to strengthen trade and investment ties with Pakistan

    Germany to strengthen trade and investment ties with Pakistan

    In a recent meeting with Federal Minister of Commerce and Investment Syed Naveed Qamar, German Minister of State for Foreign Affairs Dr Tobias Lindner expressed his hope that Germany and Pakistan would further strengthen and expand bilateral relations, particularly in trade and investment.

    Both countries discussed multiple aspects of bilateral ties, along a great emphasis on improving trade and financial collaboration to sustain economic growth in a post-Covid pandemic world. The duo agreed to exchange business envoys to look into the prospect of B2B cooperation in renewable power, farming, food security, autos, and technical assistance.

    The Commerce Minister praised Germany for its constant support for Pakistan’s GSP Plus scheme. He emphasized the importance of GSP Plus in widening bilateral trade and offering Pakistan a level playing field in the European segment.

    He also clarified that the scheme has served as a precursor for essential progressive social changes, particularly those relating to women’s empowerment. The German Minister convinced his nation’s continued and forthcoming assistance for the GSP Plus Scheme.

  • Pakistan’s forex reserves inch up to $17.05 billion

    Pakistan’s forex reserves inch up to $17.05 billion

    The State Bank of Pakistan’s (SBP) foreign reserves saw inflows of $36 million in the week ending April 16, 2022, representing a 0.3 per cent increase week over week.

    According to the SBP weekly update posted on Thursday, the country’s total liquid foreign exchange reserves increased by $16.9 million (+0.1 per cent) to $17.045 billion on April 16, 2022, up from $17.028 billion the previous week. SBP reserves rose by $36.1 million to $10.88 billion (+0.3 per cent), up from $10.85 billion the week before.

    Likewise, commercial banks’ net foreign reserves stood at $6.1 billion, down $19.3 million (-0.3 per cent) on a weekly basis.

    Read more: Pakistani rupee plunges by Rs1.05 against the US dollar

    In the interbank market on Thursday, however, the Pakistani Rupee (PKR) resumed its downward trend versus the US Dollar (USD). It fell by Rs1.04 to the dollar, Rs1.15 to the Australian Dollar (AUD), Rs2.04 to the Canadian Dollar (CAD), Rs2.42 to the Pound Sterling (GBP), and Rs2.96 to the Euro (EUR).