In the open market, the US Dollar’s buying and selling rates were reported at Rs. 281.80 and Rs. 283.20, respectively, showing a narrow trading band. Other major currencies displayed mixed trends. The Saudi Riyal (SAR) stood at Rs. 75.21, supported by strong remittance flows from Pakistani workers in Saudi Arabia. The UAE Dirham (AED) was […]
The exchange rate between the Bahraini Dinar and Pakistani Rupee is determined by the foreign exchange market, where currencies are traded based on supply and demand. The Bahraini Dinar, pegged to the US Dollar at a fixed rate of 1 BHD = 2.65 USD, is relatively stable compared to free-floating currencies like the PKR. The […]
This stabilization results from a calm phase in the AED-PKR exchange, bolstered by consistent remittance inflows and positive economic conditions in both Pakistan and the UAE. Evaluation Process for AED-PKR Exchange Rate The exchange rate of the UAE Dirham relative to the Pakistani Rupee is influenced by market dynamics and intervention by the central bank. […]
Spot gold was up 0.3% at $3,298.19 an ounce, as of 1243 GMT. U.S. gold futures climbed 0.5% to $3,300.40. “There has again been a change in direction related to concern about the fiscal situation of the U.S., and the driver has been the Moody’s downgrade, and the market was attracted by the level of […]
“The government has endorsed the establishment of a dedicated body, Pakistan Digital Assets Authority, and the initiation of a comprehensive strategy to regulate blockchain-based financial infrastructure,” a press statement issued here read. It added that the purpose of establishing the PDDA is to ensure FATF-compliant innovation, economic inclusion, and responsible adoption of digital assets. “Pakistan […]
The stability is due to a quiet period for the AED-PKR exchange rate, supported by stable remittance flows and favorable economic conditions in Pakistan and the UAE. AED-PKR Exchange Rate Valuation Process The UAE Dirham’s exchange rate against the Pakistani Rupee is based on market forces and central bank intervention. The Dirham is pegged against […]
The Saudi Riyal’s selling rate was noted at Rs75.69. Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between Pakistan and Saudi Arabia is characterized by a deep-rooted, mutually supportive alliance, reinforced by significant financial aid from the Saudi kingdom. Recently, Saudi Arabia extended […]
According to the railway spokesperson, the special Eidul Fitr trains will run between June 2 and 4 from multiple stations across Pakistan. The schedule released by PR stated that the first special train will depart from Karachi Cantt to Lahore at 1:00 PM on June 2. The second train will depart from Quetta for Peshawar […]
As per Forex.pk, 10 grams of 24-karat gold rates in Saudi Arabia is currently valued at SAR 3,896, with an ounce of gold costing 11,869 Saudi Riyal. Gold prices, including those in Saudi Arabia, continue to be shaped by global market dynamics, with the latest update recorded at 10:00 a.m. on May 21, 2025. Gold, […]
The National Electric Power Regulatory Authority (NEPRA) will conduct a hearing on April 29 to decide on the matter. According to the petition, 10.513 billion units of electricity were generated in April, while 10.196 billion units were delivered to distribution companies. CPPA stated that the actual cost of electricity generation was Rs8.94 per unit, compared […]
