Experts think that Pakistan’s Monetary Policy Committee (MPC) may lower the interest rate by 0.5% to 1%. This is because inflation is going down and the economy is improving. Right now, the interest rate is 11%, which is much lower than the 22% it was last year. In June 2025, inflation dropped to 3.2%. For […]
Mobile Phone Imports in Pakistan Drop in 2024–25 Pakistan imported fewer mobile phones this year compared to last year, according to new data from the Pakistan Bureau of Statistics (PBS). From July 2024 to June 2025, Pakistan imported mobile phones worth $1.494 billion, which is lower than $1.898 billion in the same period last year. […]
The price of 24 karat per tola gold decreased by Rs 100 and was traded at Rs 356,300 on Monday, as against its sale at Rs 356,400 the previous day. The prices of 10 grams of 24 karat gold also decreased by Rs 85 to Rs 305,470 from Rs 305,555, whereas that of 10 grams […]
Dirham to PKR Rate Stays Strong, Helping Pakistan’s Economy July 28, 2025 – The United Arab Emirates Dirham (AED) is showing strong and steady performance in Pakistan’s currency market. In June, the Dirham gained 0.81 PKR, rising from 76.44 to 77.25 PKR. It even reached a high of 77.61 PKR on July 1. This steady […]
Dollar Stays Strong, Other Currencies Drop in Open Market The US Dollar stayed strong in Pakistan’s open market on Monday. According to the Forex Association of Pakistan (FAP), the Dollar was bought at Rs 285.3 and sold at Rs 286.3. The Euro dropped by Rs 2.15 and closed at Rs 330.73, compared to the previous […]
The Saudi Riyal is holding steady at Rs76.03, giving much-needed support to Pakistan’s economy. This steady rate has stayed the same since July 26, showing the strength of remittances and trade ties with Saudi Arabia. What This Means for Pakistani Families Millions of Pakistanis working in Saudi Arabia send money back home. Thanks to the […]
Moody’s justified its decision on Friday by citing effective economic policies that have helped restore investor confidence in the Turkish lira. It also highlighted the central bank’s commitment to a tight monetary policy that “durably eases inflationary pressures” and “reduces economic imbalances.” Inflation continued to slow slightly last month in Turkey, reaching 35 percent year-on-year, […]
Asian Paints Faces Trouble Over Market Dominance in India India’s fast growth in buildings and real estate has made the paint industry big, worth around $9.5 billion. Now, Asian Paints, the top paint company with 52% market share, is in legal trouble. The Competition Commission of India (CCI) is checking if Asian Paints used its […]
BYD to Build Electric Car Plant Near Karachi KARACHI: Chinese electric car company BYD, the world’s biggest EV maker, is building a factory near Karachi to meet growing demand in Pakistan and other nearby countries. The plant is being set up with Mega Motor Company, a part of Pakistan’s Hub Power group. Construction started in […]
SBP Tells Banks to Open New Accounts in 2 Days and Boost Digital Payments KARACHI – The State Bank of Pakistan (SBP) has asked all banks and financial institutions to open new customer accounts within two working days. This new rule will make it faster and easier for people to get access to banking services. […]
