The launch of Starlink, which provides high-speed internet access to remote locations using low Earth orbit satellites, has sparked fierce debate in India over issues ranging from predatory pricing to spectrum allocation. Communications minister Jyotiraditya Scindia said he held a “productive meeting” with Gwynne Shotwell, president and chief operating officer of Starlink owner SpaceX. Shotwell […]
This stabilizing trend follows a consistent increase seen earlier in the week, during which the AED rose from 76.44 PKR to 76.96 PKR, signaling growing trust in the Emirati economy. Decoding Currency Valuation: What Influences the Exchange Rate? Exchange rates are influenced by numerous factors such as interest rates, inflation, trade balances, foreign exchange reserves, […]
The rates of 10 grams of 24 karat also decreased by Rs 857 to Rs 309,756 from Rs 310,613, and for 10 grams of 22 Karat it came down by Rs 785 to Rs 283,953 from Rs 284,738. The rates of per tola and ten gram silver went up by Rs.69 and Rs.59 to Rs.3,856 […]
The selling rate of Saudi Riyal also moved up accordingly and settled at Rs76 after gaining eight paisas in open market. The official currency of Saudi Arabia, denoted as Saudi Riyal or SAR, is divided into 100 halalas. Managed by the Saudi Central Bank, it has been pegged to the US Dollar since 1986, ensuring […]
According to sources, the Guddu and Nandipur power plants, listed for privatization, are fully non-operational, prompting the government to expedite preparations for reassigning GENCO staff. Of the total, 352 employees from GENCO-I, 486 from GENCO-II, 911 from GENCO-III, and 26 from GENCO-IV will be integrated into DISCOs. The reassignment plan includes deploying 348 employees to […]
This directive is part of broader labour market reforms announced in May 2025. Under the new rules, foreign-owned businesses must employ at least one Omani within three months of completing their first year in business. The Labour Ministry warned that non-compliance will lead to a comprehensive ban on the business, regardless of the number of […]
Pakistan, US Discuss Trade Agreement in High-Level Virtual Meeting In a significant development signaling deepening economic cooperation, Pakistan’s Finance Minister Muhammad Aurangzeb held a virtual meeting with the United States Secretary of Commerce to discuss trade and tariff-related matters. The meeting, seen as a major step forward in bilateral relations, focused on finalizing a long-anticipated […]
As per details, a senior government official reached out to the Pakistan People’s Party (PPP) to secure support for the passage of the federal budget 2025-26. According to the sources, the PPP was assured that its reservations regarding the budget would be addressed. The government formally requested the party’s cooperation to ensure the budget’s approval […]
This marks a leveling off following a consistent upward trend observed earlier in the week, where the AED strengthened from 76.44 PKR to 76.96 PKR, reflecting growing confidence in the Emirati economy. Understanding Currency Valuation: What Drives the Exchange Rate? Exchange rates are determined by a variety of factors, including interest rates, inflation, trade balances, […]
According to the notification, the fare per stop will be raised by Rs 10, and a 5-kilometre journey will now cost Rs 30 instead of Rs 20. Passengers travelling up to 40 kilometres will be charged Rs 7,0, and the price of a single-use ticket will also rise from Rs 60 to Rs 70. Officials […]
