However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.75 and Rs 279.25 respectively. The price of the Euro increased by 49 paise to close at Rs 292.60 against the last day’s closing of Rs 292.11, according to the State […]
The price of 10 grams of 24 karat gold also increased by Rs.1,971 to Rs.242,455 from Rs 240,484 whereas that of 10 grams 22 karat also went up to Rs.222,250 from Rs 220,443. The prices of Per tola and ten-gram silver remained constant at Rs 3,450 and Rs.2,957.81 respectively. The price of gold in the […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,246. Furthermore, the price for an ounce of gold is noted to be SAR 10,095. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
The information provided on the currency website indicated that the Omani Rial appreciated by 45 paisas to the Pakistani rupee within the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 Omani Rial to PKR On December […]
The survey revealed a notable improvement in business confidence in Pakistan, with a 9 percent increase compared to the March-April 2024 survey. The Business Confidence Index has improved from -14 to -5 percent. According to the OICCI, positive economic growth, a stable exchange rate, and a significant decrease in inflation are key factors contributing to […]
The survey reveals a 9 percent (pc) improvement in business confidence, though the overall index remains negative at -5pc. This is a significant improvement compared to the -14pc recorded in the previous survey conducted in March and April 2024. Key factors contributing to this improvement include positive economic growth, a stable exchange rate, and a […]
According to reports, the survey highlights significant economic progress over the past year, marked by consistent growth in the Pakistan Stock Market (PSX). The report also noted the establishment of several economic records during the fourth quarter and projected further improvements in the coming months. It revealed a fourfold increase in the number of citizens […]
According to the National Savings Department, the profit rate for savings accounts has been reduced from 16% to 13.5%, representing a decline of 250 basis points. This adjustment aligns with the overall revision of interest rates for certain savings schemes. In addition to the changes in savings account rates, the profit rates for regular income […]
During the period from October 2024, agriculture machinery valued at $39.616 million was imported as compared to the imports of $23.178 million in the same period of the previous year, according to data from the Pakistan Bureau of Statistics Meanwhile, fertilizer imports into the country have seen a significant increase of 121.36% in the first […]
The Pakistan Bureau of Statistics (PBS) in its report submitted to the National Assembly maintained that the federal government raised the gas rate by 319 percent in February 2024 and by 520 percent in November 2023. Similarly, electricity prices were raised by 35 percent in November 2023 and 75 percent in February 2024. According to […]
