The International Monetary Fund (IMF) objected to the energy ministry’s proposal to provide 8,000 megawatt surplus electricity at a cheaper rate to industries. The officials of the energy ministry failed to convince the IMF on the marginal energy package, sources said. In the next round of the economic review talks, a revised package of new […]
ADB Flags Modest Growth for Pakistan Despite Interest Rate Cut ISLAMABAD – The Asian Development Bank (ADB) has noted that Pakistan’s economy continues to face modest growth, even after the State Bank of Pakistan reduced the policy interest rate by 1.5% by the end of June 2025. In its latest economic outlook, the ADB reported […]
Roshan Digital Account Sees Strong Growth, Reaches 832K Accounts by June 2025 KARACHI – The State Bank of Pakistan’s (SBP) Roshan Digital Account (RDA) initiative continues to show strong momentum, with total registered accounts reaching 831,963 by the end of June 2025. This marks an increase of 8,739 accounts from May’s total of 823,224. Launched […]
Gold Prices Hold Steady While Silver Rates Rise Amid Global Market Uncertainty The prices of 10 grams of 24 karat and 22 karat gold remained steady at Rs 309,671 and Rs 283,865 respectively, according to the latest market update. Meanwhile, silver prices showed an upward trend, with per tola and 10 grams rates increasing by […]
The rates for trading are distinguished, with the buying rate set at Rs 386.4 and the selling rate at Rs 390.5 on July 22, 2025. UK Pound Rate- Latest Updates These exchange rate movements have a significant impact on businesses, tourists, and individuals involved in cross-border financial transactions between the United Kingdom and Pakistan. The […]
1,000 Omani Rial in Pakistani rupees One thousand Omani Rials (OMR) is equivalent to approximately Rs 757,700 in Pakistani currency if citizens sell them on the open market. Individuals travelling to either country can exchange their currency at banks or exchange company branches The Omani Rial exchange rate holds significant importance for the approximately 360,000 […]
Open market rates saw exchange companies pegging the US Dollar at PKR 285.05 for buying and PKR 287.15 for selling. The PKR’s dance with other currencies was equally nuanced: it slipped by 79.00 paisa or 0.23% against the Euro (EUR) to 344.84, edged up by 40 paisa or 0.11% against the British Pound (GBP) to […]
PIA Set to Resume Direct UK Flights in August After Five-Year Ban Lifted KARACHI – Pakistan International Airlines (PIA) is preparing to restart direct flights to the United Kingdom this August, following the recent removal of a five-year ban imposed by British authorities on all Pakistani carriers. The national carrier’s CEO conducted an in-depth inspection […]
Saudi Riyal Strengthens to Rs75.96, Boosting Pakistan’s Remittance-Driven Economy ISLAMABAD – The Saudi Riyal (SAR) edged higher against the Pakistani Rupee (PKR) to settle at Rs75.9674, underscoring its growing role in stabilizing Pakistan’s economy through strong remittance inflows and bilateral trade ties. Saudi Arabia Tops Pakistan’s Remittance Sources According to the State Bank of Pakistan […]
ISLAMABAD – Pakistan’s cement industry posted a significant export growth of 23.75% during the fiscal year 2024-25, reaching $329.795 million, up from $266.516 million in the previous year, according to the Pakistan Bureau of Statistics (PBS). In terms of volume, cement exports also jumped by 28.71%, rising from 7.08 million metric tons in FY2023-24 to […]
