The pact, concluded in May after three years of stop-start talks, should boost bilateral trade by removing numerous barriers and granting each country greater market access to the other. It will take effect after the British parliament and India’s federal cabinet approve it, likely within a year. “This is a significant agreement,” Vikram Misri, India’s […]
ADB Flags Modest Growth for Pakistan Despite Interest Rate Cut ISLAMABAD – The Asian Development Bank (ADB) has noted that Pakistan’s economy continues to face modest growth, even after the State Bank of Pakistan reduced the policy interest rate by 1.5% by the end of June 2025. In its latest economic outlook, the ADB reported […]
WASHINGTON/BEIJING – The United States has announced it will withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO) by December 2026, citing claims of anti-Israel bias and the promotion of divisive agendas. A spokesperson for the U.S. government confirmed the decision on Tuesday, reigniting concerns about America’s commitment to international cooperation. This marks […]
Roshan Digital Account Sees Strong Growth, Reaches 832K Accounts by June 2025 KARACHI – The State Bank of Pakistan’s (SBP) Roshan Digital Account (RDA) initiative continues to show strong momentum, with total registered accounts reaching 831,963 by the end of June 2025. This marks an increase of 8,739 accounts from May’s total of 823,224. Launched […]
Gold Prices Hold Steady While Silver Rates Rise Amid Global Market Uncertainty The prices of 10 grams of 24 karat and 22 karat gold remained steady at Rs 309,671 and Rs 283,865 respectively, according to the latest market update. Meanwhile, silver prices showed an upward trend, with per tola and 10 grams rates increasing by […]
The rates for trading are distinguished, with the buying rate set at Rs 386.4 and the selling rate at Rs 390.5 on July 22, 2025. UK Pound Rate- Latest Updates These exchange rate movements have a significant impact on businesses, tourists, and individuals involved in cross-border financial transactions between the United Kingdom and Pakistan. The […]
1,000 Omani Rial in Pakistani rupees One thousand Omani Rials (OMR) is equivalent to approximately Rs 757,700 in Pakistani currency if citizens sell them on the open market. Individuals travelling to either country can exchange their currency at banks or exchange company branches The Omani Rial exchange rate holds significant importance for the approximately 360,000 […]
Open market rates saw exchange companies pegging the US Dollar at PKR 285.05 for buying and PKR 287.15 for selling. The PKR’s dance with other currencies was equally nuanced: it slipped by 79.00 paisa or 0.23% against the Euro (EUR) to 344.84, edged up by 40 paisa or 0.11% against the British Pound (GBP) to […]
PIA Set to Resume Direct UK Flights in August After Five-Year Ban Lifted KARACHI – Pakistan International Airlines (PIA) is preparing to restart direct flights to the United Kingdom this August, following the recent removal of a five-year ban imposed by British authorities on all Pakistani carriers. The national carrier’s CEO conducted an in-depth inspection […]
Saudi Riyal Strengthens to Rs75.96, Boosting Pakistan’s Remittance-Driven Economy ISLAMABAD – The Saudi Riyal (SAR) edged higher against the Pakistani Rupee (PKR) to settle at Rs75.9674, underscoring its growing role in stabilizing Pakistan’s economy through strong remittance inflows and bilateral trade ties. Saudi Arabia Tops Pakistan’s Remittance Sources According to the State Bank of Pakistan […]
