As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,294. Furthermore, the price for an ounce of gold is noted to be SAR 9,933. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
Falls were limited however by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel by 0110 GMT after settling at their highest level since Nov. 22 on Friday. US West Texas Intermediate crude dropped 30 […]
Bitcoin, the world’s biggest and best-known cryptocurrency, hit a high of $106,533 and last traded at $105,688. Smaller crypto ether rose nearly 3% to 4,014. “We’re in blue sky territory here,” said Tony Sycamore, an analyst at IG. “The next figure the market will be looking for is $110,000. The pullback that a lot of […]
According to the details, the Monetary Policy Committee of the SBP is expected to reduce the policy rates by 2 to 3 percent. Currently, the profit rate stands at 15 percent, indicating a cumulative decrease of 7 percent since June. Additionally, starting from October, the current account has recorded a surplus of 34.9 crore dollars, […]
Pakistan has finalized a new financial agreement with IMF, securing a $7 billion bailout package under the Extended Fund Facility (EFF). The loan comes with a comparatively low interest rate of around 5 percent, significantly below the rates Pakistan faces on commercial borrowing. The repayment plan spans 10 years and includes a grace period. Pakistan […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,235. Furthermore, the price for an ounce of gold is noted to be SAR 10,063. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
The data available on the currency website revealed that the Omani Rial increased in value by 50 paisas against the Pakistani rupee in the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 Omani Rial to PKR […]
In a statement, the company announced that the gas supply will remain suspended for eight hours near Peoples Chowrangi Karachi due to the relocation work of a 12-inch diameter high-pressure gas pipeline. SSGC said that in the wake of the Bus Rapid Transit (BRT) project, the pipeline line will be relocated on December 14. “During […]
The Deposit Protection Corporation (DPC) issued its annual report for the fiscal year 2023-24. According to the report, as of June 30, 2024, the total number of depositors in scheduled banks was 79.2 million. Among them, 78 million depositors are eligible for compensation within the limits set by the corporation. The report highlighted that the […]
The company has been plowing tens of billions of dollars into its investments in AI, augmented reality, and other Metaverse technologies, driving up its capital expense forecast for 2024 to a record high of between $37 billion and $40 billion. Meta has also been releasing many of its AI models for free use by developers, […]
