Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
This holds even with changing global currency markets, illustrating Bahrain’s economy with Pakistan’s outward sector moderation. Also, Bahrain remains largely protected by the pegged exchange rate of its Dinar (1 BHD = 2.65 USD) to the US dollar, which acts as an anchor amidst fluctuations. Simultaneously, the managed float system of the Pakistani Rupee helps […]
This consistency comes amid balanced currency flows between the two nations and reflects Kuwait’s strong economic position as a major oil exporter. Market analysts attribute the stable rate to multiple factors, including steady remittance flows from Pakistani workers in Kuwait and consistent demand for the dinar in foreign exchange markets. Kuwait’s substantial oil revenues continue […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,989, with an ounce of gold costing 12,406 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 02, 2025. For centuries, […]
The Saudi Riyal’s selling rate was noted at Rs75.44. 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 […]
The AED/PKR exchange rate remains unchanged at 76.48. This maintains the consistent stability of the PKR against the Dirham. This achievement further underlines the firm economic footing of the UAE and demonstrates its prudent financial policies. This exchange rate indicates a decrease in financial uncertainty for many Pakistani expatriates in the UAE. The remittances sent […]
According to the official notification, a monthly budgetary increase of Rs300 million has been approved to accommodate the new pilot allowances. One of the key changes includes an increase in guaranteed flying hours from 50 to 73 hours per month. However, to qualify for the guaranteed flying allowance, pilots will now be required to complete […]
Brent crude futures rose 38 cents, or 0.6%, to $62.51 a barrel by 0136 GMT, while U.S. West Texas Intermediate crude futures added 38 cents, or 0.6%, to $59.62 a barrel. China’s commerce ministry on Friday said the United States has recently taken steps to open a dialogue with Beijing by conveying information through relevant […]
This milestone was accomplished under the expert supervision of the Pakistan Atomic Energy Commission (PAEC). Earlier, Chashma Nuclear Power Plant (NPP) Unit-2 (C-2) and C-4 had made a record continuous run for 365 days. Pakistan Atomic Energy Commission (PAEC) is currently operating six nuclear power plants in the country, providing 3530 MWs of electricity to […]
This stability comes amid fluctuating global currency markets and reflects the resilience of Bahrain’s economy as well as Pakistan’s efforts to manage its external sector pressures. The peg of the Bahraini Dinar to the US Dollar (1 BHD = 2.65 USD) provides an additional layer of stability, insulating it from some of the volatility seen […]
