Dirham to PKR Rate Stays Strong, Helping Pakistan’s Economy July 28, 2025 – The United Arab Emirates Dirham (AED) is showing strong and steady performance in Pakistan’s currency market. In June, the Dirham gained 0.81 PKR, rising from 76.44 to 77.25 PKR. It even reached a high of 77.61 PKR on July 1. This steady […]
Dollar Stays Strong, Other Currencies Drop in Open Market The US Dollar stayed strong in Pakistan’s open market on Monday. According to the Forex Association of Pakistan (FAP), the Dollar was bought at Rs 285.3 and sold at Rs 286.3. The Euro dropped by Rs 2.15 and closed at Rs 330.73, compared to the previous […]
The Saudi Riyal is holding steady at Rs76.03, giving much-needed support to Pakistan’s economy. This steady rate has stayed the same since July 26, showing the strength of remittances and trade ties with Saudi Arabia. What This Means for Pakistani Families Millions of Pakistanis working in Saudi Arabia send money back home. Thanks to the […]
Trump and the EU Agree on a Big Trade Deal to Avoid Tariffs U.S. President Donald Trump and European Commission President Ursula von der Leyen met in Scotland and agreed on a major trade deal. Trump called it the “biggest-ever” deal. The meeting happened just days before a U.S. deadline to increase tariffs on European […]
Moody’s justified its decision on Friday by citing effective economic policies that have helped restore investor confidence in the Turkish lira. It also highlighted the central bank’s commitment to a tight monetary policy that “durably eases inflationary pressures” and “reduces economic imbalances.” Inflation continued to slow slightly last month in Turkey, reaching 35 percent year-on-year, […]
Asian Paints Faces Trouble Over Market Dominance in India India’s fast growth in buildings and real estate has made the paint industry big, worth around $9.5 billion. Now, Asian Paints, the top paint company with 52% market share, is in legal trouble. The Competition Commission of India (CCI) is checking if Asian Paints used its […]
BYD to Build Electric Car Plant Near Karachi KARACHI: Chinese electric car company BYD, the world’s biggest EV maker, is building a factory near Karachi to meet growing demand in Pakistan and other nearby countries. The plant is being set up with Mega Motor Company, a part of Pakistan’s Hub Power group. Construction started in […]
SBP Tells Banks to Open New Accounts in 2 Days and Boost Digital Payments KARACHI – The State Bank of Pakistan (SBP) has asked all banks and financial institutions to open new customer accounts within two working days. This new rule will make it faster and easier for people to get access to banking services. […]
The International Monetary Fund (IMF) objected to the energy ministry’s proposal to provide 8,000 megawatt surplus electricity at a cheaper rate to industries. The officials of the energy ministry failed to convince the IMF on the marginal energy package, sources said. In the next round of the economic review talks, a revised package of new […]
Pakistan, Afghanistan Sign Preferential Trade Agreement to Slash Tariffs Pakistan and Afghanistan have signed a landmark Preferential Trade Agreement (PTA) aimed at boosting bilateral trade by significantly reducing tariffs on select agricultural products. The agreement was formally signed on Wednesday in Islamabad by Pakistan’s Commerce Secretary Jawad Paul and Afghan Deputy Minister for Commerce and […]
