Why Is the Kuwaiti Dinar Strengthening? The Kuwaiti dinar, one of the world’s strongest currencies, is backed by Kuwait’s vast oil reserves and stable economy. Its value is influenced by global oil prices, the monetary policies of the Central Bank of Kuwait, and demand from foreign workers sending remittances. In contrast, the Pakistani rupee faces […]
Sources said that international financial institutions such as the U.S. EXIM Bank, U.K. EXIM Bank, and the World Bank may be part of the financial closure process. The federal government, the Balochistan government, and the Asian Development Bank are also expected to participate in the financial arrangements. Negotiations are in the final stages to finalize […]
During the meeting, the Board also approved the Annual Accounts for FY 2023–24, marking a historic achievement for the Company. SNGPL recorded its highest-ever profitability, with a remarkable profit before tax of around Rs. 30 billion. Profit after tax stood at an impressive Rs. 19 billion, translating into Earnings Per Share (EPS) of Rs. 29.92 […]
The move comes ahead of a Trump rally planned for Tuesday night near Detroit to mark the president’s first 100 days in office. The shift means companies paying 25 percent tariffs on car imports won’t also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first […]
The values of currencies are influenced by supply and demand in the foreign exchange market, which is affected by factors such as inflation, interest rates, and trade balances. The economy of Bahrain, strengthened by oil revenues and a fixed exchange rate pegged to the US dollar (2.65 USD), contributes to the dinar’s steadiness. 1 Bahraini […]
While U.S. President Donald Trump has claimed progress is being made on trade with China and many other countries, actual evidence is lacking. Treasury Secretary Scott Bessent failed on Sunday to back Trump’s assertion that tariff talks with China were underway. “The uncertainty itself is at least as damaging as the tariffs themselves, hurting the […]
This slight increase demonstrates the ongoing subtle fluctuations in the foreign exchange market, which are influenced by economic factors in both the UAE and Pakistan. The value of currency is determined by supply and demand in the forex market, influenced by aspects such as trade balances, inflation, and monetary policies. The UAE Dirham, which is […]
The Saudi Riyal’s selling rate was noted at Rs75.46. 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 […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,955, with an ounce of gold costing 12,300 Saudi Riyal. Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 25, 2025. For centuries, gold has […]
Over 151,787 metric tons of fish and fish products valued at $322.906 million were exported during the period from July-March 2024-25 as compared to the 145,671 metric tons worth of $289.568 million of the same period of last year, according the data of the Pakistan Bureau of Statistics. Meanwhile, meat and meat products exports during […]
