Under the agreement, holders of diplomatic and official passports from both countries will be allowed to travel without a visa. The bilateral arrangement will remain in effect for a period of five years, officials confirmed. This move is expected to strengthen diplomatic ties and facilitate smoother official-level engagement between the two South Asian nations. Meanwhile, […]
IMF Pushes Pakistan to Revise NFC Award Formula ISLAMABAD — The International Monetary Fund (IMF) has asked Pakistan to review its National Finance Commission (NFC) Award in a bid to strengthen fiscal discipline, according to official sources. The proposed changes could reduce the provinces’ current share of 57.5 percent from the divisible pool. If the […]
Disney Unveils New ESPN App to Win Back Sports Fans Disney has launched a new ESPN app designed to win back sports fans lost during the shift from cable to streaming. The platform, described as far more advanced than the ESPN+ service introduced in 2018, will stream more than 47,000 live events annually, covering the […]
ADB Backs Reko Diq Project with $410 Million Financing Islamabad — The Asian Development Bank (ADB) has approved $410 million in financing for the Reko Diq mining project in Balochistan, marking a major boost for Pakistan’s economy. The package includes two loans totaling $300 million to Barrick Gold, the mine’s operator, along with a $110 […]
Karachi Faces Widespread Power Outages, PIA Operations Disrupted Karachi is grappling with severe electricity shortages following two days of heavy rain, which have left the city struggling to restore power. At the Pakistan International Airlines (PIA) Engineering Division, including the Ispahani Hangar, power has been cut off, sources say, causing major disruption to aircraft maintenance […]
Currency Rates in Pakistan See Slight Dip as Rupee Gains KARACHI – August 20, 2025: The Pakistani Rupee (PKR) showed slight strengthening against major currencies on Wednesday, with updated exchange rates released by the State Bank of Pakistan (SBP) reflecting modest declines across the board. Figures compiled from brokerage firms and Reuters Eikon Terminal reveal […]
GBP to PKR Update: UK Pound Holds Strong Against Pakistani Rupee Karachi, August 20, 2025 – The British Pound (GBP) continues to maintain a strong position against the Pakistani Rupee (PKR). On Wednesday, August 20, the buying rate was recorded at PKR 382.45, while the selling rate stood at PKR 384.05, according to the latest […]
AED Loses Slight Ground Against PKR, But Remains Strong Amid UAE’s Economic Resilience Karachi, August 20, 2025 – The UAE Dirham (AED) eased slightly against the Pakistani Rupee (PKR) today, following a strong performance in June. The Dirham had gained 0.81 PKR last month, rising from 76.44 PKR at June’s start to 77.25 PKR by […]
Omani Rial Exchange Rate Updates: PKR 735.8 Buying, PKR 738.3 Selling on August 20, 2025 Karachi, August 20, 2025 – The Omani Rial (OMR) continues to show strong value against the Pakistani Rupee (PKR). As of 02:15 PST today, the buying rate for 1 OMR was PKR 735.8, while the selling rate stood at PKR […]
Saudi Riyal Falls to Rs75.14, Highlighting Its Importance for Pakistan’s Economy Karachi, Pakistan – The Saudi Riyal (SAR) has seen a decline, with the selling rate adjusting to Rs75.14. Analysts attribute the drop to market corrections and sustained remittance inflows, underscoring the Riyal’s crucial role in Pakistan’s financial landscape. Why the Saudi Riyal Matters The […]
