The information provided on the currency website indicated that the Omani Rial appreciated by 45 paisas to the Pakistani rupee within 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 On December […]
The survey revealed a notable improvement in business confidence in Pakistan, with a 9 percent increase compared to the March-April 2024 survey. The Business Confidence Index has improved from -14 to -5 percent. According to the OICCI, positive economic growth, a stable exchange rate, and a significant decrease in inflation are key factors contributing to […]
The survey reveals a 9 percent (pc) improvement in business confidence, though the overall index remains negative at -5pc. This is a significant improvement compared to the -14pc recorded in the previous survey conducted in March and April 2024. Key factors contributing to this improvement include positive economic growth, a stable exchange rate, and a […]
According to reports, the survey highlights significant economic progress over the past year, marked by consistent growth in the Pakistan Stock Market (PSX). The report also noted the establishment of several economic records during the fourth quarter and projected further improvements in the coming months. It revealed a fourfold increase in the number of citizens […]
According to the National Savings Department, the profit rate for savings accounts has been reduced from 16% to 13.5%, representing a decline of 250 basis points. This adjustment aligns with the overall revision of interest rates for certain savings schemes. In addition to the changes in savings account rates, the profit rates for regular income […]
During the period from October 2024, agriculture machinery valued at $39.616 million was imported as compared to the imports of $23.178 million in the same period of the previous year, according to data from the Pakistan Bureau of Statistics Meanwhile, fertilizer imports into the country have seen a significant increase of 121.36% in the first […]
The Pakistan Bureau of Statistics (PBS) in its report submitted to the National Assembly maintained that the federal government raised the gas rate by 319 percent in February 2024 and by 520 percent in November 2023. Similarly, electricity prices were raised by 35 percent in November 2023 and 75 percent in February 2024. According to […]
He was responding to a call-to-attention notice regarding the spread of fake news on social media platforms in the National Assembly by Asiya Naz Tanoli. Parliamentary Secretary Sajid Mehdi admitted that the government had blocked the social media platform X (formerly Twitter) to curb misinformation, adding that 86,000 SIMs have also been blocked over anti-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 […]
According to an ADB press release issued on Wednesday, the Power Distribution Strengthening Project will focus on upgrading distribution systems to meet the increasing electricity demand in the country. Key objectives include reducing significant energy losses during transmission and improving the resilience of infrastructure against climate change and disaster-related risks. Initially, the project will benefit […]
