In the open market, the US Dollar’s buying and selling rates were reported at Rs. 281.80 and Rs. 283.20, respectively, showing a narrow trading band. Other major currencies displayed mixed trends. The Saudi Riyal (SAR) stood at Rs. 75.21, supported by strong remittance flows from Pakistani workers in Saudi Arabia. The UAE Dirham (AED) was […]
In the first four months of the year, beef exports fell nearly 20% year-on-year to around 255,000 tons, according to government agency Senasa. Shipments to price-sensitive top buyer China plunged to 137,000 tons from 203,000 tons a year earlier. Chinese importers – which gobbled up two-thirds of Argentina’s beef exports last year – are paying […]
The exchange rate between the Bahraini Dinar and Pakistani Rupee is determined by the foreign exchange market, where currencies are traded based on supply and demand. The Bahraini Dinar, pegged to the US Dollar at a fixed rate of 1 BHD = 2.65 USD, is relatively stable compared to free-floating currencies like the PKR. The […]
Speaking on the’ morning show Bakhabar Savera, Suneel Sarfaraz Munj stated that such expectations surface every year ahead of the budget but rarely materialize. He warned that the proposed imposition of a carbon tax and an increase in the petroleum levy would disproportionately burden the general public. “These measures will haunt the everyday consumer,” he […]
Spot gold was up 0.3% at $3,298.19 an ounce, as of 1243 GMT. U.S. gold futures climbed 0.5% to $3,300.40. “There has again been a change in direction related to concern about the fiscal situation of the U.S., and the driver has been the Moody’s downgrade, and the market was attracted by the level of […]
“The government has endorsed the establishment of a dedicated body, Pakistan Digital Assets Authority, and the initiation of a comprehensive strategy to regulate blockchain-based financial infrastructure,” a press statement issued here read. It added that the purpose of establishing the PDDA is to ensure FATF-compliant innovation, economic inclusion, and responsible adoption of digital assets. “Pakistan […]
The stability is due to a quiet period for the AED-PKR exchange rate, supported by stable remittance flows and favorable economic conditions in Pakistan and the UAE. AED-PKR Exchange Rate Valuation Process The UAE Dirham’s exchange rate against the Pakistani Rupee is based on market forces and central bank intervention. The Dirham is pegged against […]
The Saudi Riyal’s selling rate was noted at Rs75.69. 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 a spokesperson from Pakistan’s Foreign Office, the ministers agreed to strengthen diplomatic ties and maintain effective communication to foster trade, infrastructure development, and regional prosperity. The three parties committed to deepening collaboration under China’s Belt and Road Initiative, with a specific focus on extending the China-Pakistan Economic Corridor (CPEC) to Afghanistan to boost […]
According to the railway spokesperson, the special Eidul Fitr trains will run between June 2 and 4 from multiple stations across Pakistan. The schedule released by PR stated that the first special train will depart from Karachi Cantt to Lahore at 1:00 PM on June 2. The second train will depart from Quetta for Peshawar […]
