According to official data, the cumulative surplus for the first nine months of the ongoing fiscal year has reached $1.8 billion, signaling a promising turnaround in the country’s external account. A major contributing factor to the positive trend is the exceptional inflow of workers’ remittances, which surged to an unprecedented $4 billion in March. In […]
Crypto exchange Coinbase reported stronger-than-expected fourth-quarter profits, boosted by increased trading activity in Bitcoin and other cryptocurrencies after the U.S. election. Following Donald Trump’s win in the November presidential election, excitement around cryptocurrencies surged, driving Bitcoin’s value past $100,000 in the quarter. Investors were optimistic about more favourable crypto regulations under the new administration. It’s […]
On Monday, April 17, 2025, the UK pound was purchased for Rs 372.38 and sold for Rs 376.38 on the open market. Businesses, tourists, and people transferring money between the UK and Pakistan are often impacted by the fluctuation in currency rates. Changes in supply and demand for both currencies, as well as economic variables […]
The rates of 10 grams of 24 karat and 10 grams of 22 Karat gold also witnessed no change and were traded at Rs 299,811 and Rs.274,836, respectively. Per tola and ten gram silver were also traded at existing rates of Rs. 3,417 and Rs. 2,929, respectively. The rate of gold in the international market […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,975, with an ounce of gold costing 12,362 Saudi Riyal. Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 11:25 am April 19, 2025. For centuries, gold has remained […]
The Saudi Riyal’s selling rate was noted at Rs75.35. 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 […]
These meetings will commence on Monday and continue till 26th April. During the visit, the finance minister will hold meetings with senior officials of World Bank, International Monetary Fund, global credit rating agencies and commercial and investment banks. He will hold meetings with his counterparts from China, the United Kingdom, Saudi Arabia, and Türkiye. Meetings […]
This advisory project will support policy, regulatory, and standards-related reforms to create an enabling environment for investment across the e2/3Ws value chain, helping to fill market gaps and remove legal and regulatory barriers. As part of the partnership, IFC will provide technical implementation support and work with key regulators, including the Engineering Development Board, National […]
The prime minister, in a statement, said that the waiver of Abiana (water charges) and fixed taxes for wheat farmers in Punjab was a relief for the farmers. Besides, he said that the initiative to provide farmers with free wheat storage facilities for four months would help protect the commodity from seasonal impacts and farmers […]
According to sources, virtual discussions are held between Pakistan and the International Monetary Fund (IMF) as preparations for the budget are underway. The FBR’s target will be determined based on the estimated GDP size for the next fiscal year. For the current fiscal year, a tax-to-GDP ratio of 10.6% is expected to be achieved, with […]
