This was shared by Advisor to Finance Minister Khurram Schehzad in a post on the social media platform X. The post said that the debt was due for 2029, but its early retirement reflects the government’s strong commitment to proactive, disciplined, and forward-looking financial governance. It will help reduce concentration risk, lower future liabilities, and […]
Gold Price Drops in Pakistan, Silver Stays Mostly the Same According to the Saraffa Association, the price of 24-karat gold dropped by Rs2,500 per tola, bringing the new price to Rs353,000. The price for 10 grams of gold also went down to Rs302,640. However, silver prices stayed the same, with one tola of silver still […]
In the open market, exchange companies quoted the US Dollar at PKR 284.50 for buying and PKR 286.70 for selling. Performance Against Other Major Currencies Euro (EUR): The PKR weakened by 70.12 paisa or 0.21%, closing at 335.86, compared to 335.16. British Pound (GBP): The PKR strengthened by 98 paisa or 0.25%, ending at 387.10, […]
Saudi Riyal Gains Slightly Against Pakistani Rupee The Saudi Riyal (SAR) increased a little in value, with the selling rate reaching Rs76.28. This small rise is due to steady remittances from overseas Pakistanis and seasonal demand. It shows how important the Riyal is for Pakistan’s economy. What Is the Saudi Riyal and Pakistani Rupee? The […]
This continued stability follows a strong performance in June, during which the AED appreciated by 0.81 PKR, rising from 76.44 PKR at the start of the month to 77.25 PKR by its close. The UAE Dirham’s steady value underscores the United Arab Emirates’ robust economic policies and its prominent role as a global financial hub. […]
Qatari Riyal Slowly Rises Against Pakistani Rupee The Qatari Riyal (QAR) has slowly become stronger compared to the Pakistani Rupee (PKR) in recent weeks. At the end of June 2025, 1 QAR was equal to 77.86 PKR. It had been 77.70 PKR on June 27, 77.87 PKR on June 25, and 77.82 PKR on June […]
Bahraini Dinar Shows Steady Growth Against Pakistani Rupee The exchange rate of the Bahraini Dinar (BHD) against the Pakistani Rupee (PKR) has been rising slowly but steadily. On June 8, 1 BHD was worth 744.79 PKR. By June 23, it increased to 751.23 PKR, and on June 30, it reached 751.86 PKR. These small increases […]
This stability follows a period of consistent gains in June, when the KWD rose from 919.67 PKR on June 10 to 922.06 PKR on June 13, 925.45 PKR on June 18, 926.79 PKR on June 24, 928.22 PKR on June 25, 928.32 PKR on June 26, and 928.56 PKR on June 27. The KWD’s steady […]
This small shift in the USD rate carries weight for Pakistan’s economy. A weaker PKR raises the cost of imports like machinery, fuel, and consumer goods, which could fuel inflation and increase living expenses. On the positive side, exports may gain an edge as Pakistani products become more affordable abroad, benefiting industries such as textiles […]
On Friday, Prime Minister Shehbaz Sharif met with Azerbaijan’s President Ilham Aliyev during the ECO Summit held in Khankendi, Azerbaijan. During their meeting, both leaders agreed to work more closely in trade and investment. They were happy with the progress made so far and want to continue building their economic partnership, especially by encouraging Azerbaijan […]
