The Saudi Riyal’s selling rate was noted at Rs75.78. Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between Pakistan and Saudi Arabia is characterized by a deep-rooted, mutually supportive alliance, reinforced by significant financial aid from the Saudi kingdom. Recently, Saudi Arabia extended […]
According to the official notification, the reshuffle affects officers from Grades 17 to 20, including key positions such as directors and collectors. The transferred officers include 10 from BPS-20, 32 from BPS-19, 10 from BPS-18, and 2 from BPS-17. Key transfers include Rashid Habib (BPS-20) who has been appointed as Director of Non-Financial Businesses and […]
The initiative is part of broader immigration reforms and will be formalized through two emergency decrees expected this week. According to sources cited by TN, the Ministry of Economy will establish a specialized agency responsible for evaluating and certifying eligible investments. The proposed entity draws inspiration from the United States model, particularly the EB-5 program, […]
As per details shared by sources, the premier has directed authorities to complete the process either through full privatization or by transferring management of the DISCOs to the provinces. The directive comes in light of International Monetary Fund (IMF) conditions, which require Pakistan to complete pre-privatization measures by January 31, 2025, as part of structural […]
The gold rate of 10 grams of 24 karat also decreased by Rs. 2,228 to Rs. 301,354 from Rs. 303,582, whereas the price of 10 grams of 22 karat is Rs. 278,050. The rates of per tola silver and ten-gram silver remained unchanged at Rs. 3,417 and Rs. 2,929, respectively. The gold rates in the […]
According to sources, Finance Minister Muhammad Aurangzeb will brief Prime Minister Shehbaz Sharif and other members on the budget 2025-26 during the meeting. The National Economic Council, a competent authority to approve the budget, will greenlight the budget for the upcoming financial period before being presented in the National Assembly. The National Economic Council is […]
According to an official announcement, his position will be equivalent to that of a Minister of State. According to an official statement, Bilal Bin Saqib has been actively involved in important decision-making processes related to cryptocurrency in 7 to 9 countries. He is also serving as the Chief Executive Officer (CEO) of the Pakistan Crypto […]
The officials likely to discuss circular debt of the gas sector in the talks, sources said. “Pakistan’s officials will present the plan for ending the gas sector’s circular debt in virtual talks,” sources shared. Gas sector circular debt has been around Rs 2800 billion. A suggestion to reduce the gas circular debt with dividend expected […]
Brent crude futures rose 37 cents, or 0.6%, to $65.15 a barrel by 0001 GMT while US West Texas Intermediate crude was up 34 cents, or 0.6%, at $61.87 a barrel. “A nice push higher in crude oil and US equity futures this morning after US President Trump extended the deadline,” IG market analyst Tony […]
Trump threatened on Friday to impose a 25% tariff on Apple for any iPhones sold, but not made, in the United States, as part of his administration’s goal of re-shoring jobs. He told reporters later on Friday that the 25% tariff would also apply to Samsung and other smartphone makers. He expects the tariffs to […]
