Pakistan has finalized a new financial agreement with IMF, securing a $7 billion bailout package under the Extended Fund Facility (EFF). The loan comes with a comparatively low interest rate of around 5 percent, significantly below the rates Pakistan faces on commercial borrowing. The repayment plan spans 10 years and includes a grace period. Pakistan […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,235. Furthermore, the price for an ounce of gold is noted to be SAR 10,063. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
The data available on the currency website revealed that the Omani Rial increased in value by 50 paisas against the Pakistani rupee in the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 Omani Rial to PKR […]
In a statement, the company announced that the gas supply will remain suspended for eight hours near Peoples Chowrangi Karachi due to the relocation work of a 12-inch diameter high-pressure gas pipeline. SSGC said that in the wake of the Bus Rapid Transit (BRT) project, the pipeline line will be relocated on December 14. “During […]
The Deposit Protection Corporation (DPC) issued its annual report for the fiscal year 2023-24. According to the report, as of June 30, 2024, the total number of depositors in scheduled banks was 79.2 million. Among them, 78 million depositors are eligible for compensation within the limits set by the corporation. The report highlighted that the […]
The company has been plowing tens of billions of dollars into its investments in AI, augmented reality, and other Metaverse technologies, driving up its capital expense forecast for 2024 to a record high of between $37 billion and $40 billion. Meta has also been releasing many of its AI models for free use by developers, […]
The data available on the currency website revealed that the Omani Rial increased in value by 19 paisas against the Pakistani rupee in the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 Omani Rial to PKR […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,274. Furthermore, the price for an ounce of gold is noted to be SAR 10,183. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 277.75 and Rs 279.25 respectively. The price of the Euro increased by 49 paise to close at Rs 292.60 against the last day’s closing of Rs 292.11, according to the State […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,246. Furthermore, the price for an ounce of gold is noted to be SAR 10,095. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
