The European Commission said Bulgaria had fulfilled the strict criteria “intended to ensure that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so”. The European Central Bank also gave a positive opinion, hailing Bulgaria’s “tremendous dedication to making the adjustments needed”. The push has, however, sparked […]
According to details, a cut of Rs 10.4 billion has been proposed, amounting to a 43.48% reduction compared to the previous fiscal year. For the budget 2025-26, the development funds for the IT ministry are proposed at Rs 13.52 billion. Out of this, Rs3.64 billion will be provided through domestic resources, while Rs9.88 billion is […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 4,068, with an ounce of gold costing 12,653 Saudi Riyal. The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time. Gold has long held a […]
Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between the two countries is built on a strong foundation of mutual support and cooperation. Saudi Arabia has provided significant financial aid to Pakistan, including a recent extension of a $3 billion deposit for an […]
According to details, a significant decline in the policy rate is expected to reduce expenditure on loans and interest payments by approximately Rs1,300 billion in budget 2025-26. Sources suggest that the size of the upcoming federal budget could be around Rs17.8 trillion, which is Rs 900 billion less than the current fiscal year’s budget of […]
Residents of Karachi are enduring up to 12 hours of load shedding daily in the sweltering summer heat, despite paying some of the highest electricity rates in the country. The combination of extreme temperatures and unannounced power outages has made life increasingly difficult for Karachiites. Speaking on the program Off the Record, Moonis Alvi admitted […]
As per details, Prime Minister Shehbaz Sharif is set to preside the National Economic Council meeting, which will focus on approving the national development budget, Public Sector Development Programme (PSDP), and macroeconomic targets for the upcoming fiscal year 2025-26, with representatives from the federal and provincial governments, including all four chief ministers, in attendance. The […]
According to data released by All Pakistan Cement Manufacturers Association, domestic cement sales declined by 1.94 per cent during the first eleven months of the current fiscal year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Local consumption fell from 35.1 million tonnes between July 2023 and May 2024 to 34.4 […]
According to Information Department, Punjab has become the first province to voluntarily reduce electricity rates. The chief minister approved the tariff reduction for Punjab’s power companies. The decision was taken in the 26th meeting of the Punjab provincial cabinet chaired by Maryam Nawaz. The provincial cabinet approved the tariff reduction for Quaid-e-Azam Thermal Power Private […]
This stability comes after a peaceful time in the AED and PKR exchange rates, supported by steady remittances and good economic conditions in the UAE as well as Pakistan. Understanding the AED-PKR Exchange Rate The UAE Dirham’s exchange rate with the Pakistani Rupee is influenced by market forces and the actions of central banks. Since […]
