The Saudi Riyal’s selling rate was noted at Rs75.32. 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 […]
As per details, the delegation, which includes the Governor of the State Bank of Pakistan and other senior officials, will engage in discussions with IMF and World Bank representatives during the meetings, scheduled from April 21 to 26. According to diplomatic sources, the finance minister will hold meetings with officials from the U.S. State Department, […]
The increase comes as part of the government’s commitment to the International Monetary Fund (IMF), with the petroleum levy raised across multiple fuel categories, resulting in an estimated monthly gain of Rs7 billion for the treasury. As per the revised structure, the petrol levy has been increased by Rs8.02, bringing the total to Rs78.02 per […]
According to the Pakistan Bureau of Statistics (PBS), industrial output fell by 3.51% year-on-year in February alone and saw a sharper 5.9% drop compared to January. Sugar production plummeted by 12.62%, fertiliser output dropped by 1.63%, cement production decreased by 6.43%, and iron and steel industries saw an 11.7% reduction. However, some sectors reported growth. […]
President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory duties on U.S. imports that have raised the stakes for the world’s two biggest economies and rattled financial markets. Data on Wednesday showed China’s gross domestic product (GDP) grew 5.4% in the January-March quarter from a year […]
The buying and selling rates for OMR were recorded at Rs723.1 and Rs731.6, respectively. The exchange rates were last updated at 13:13 PST on April 16, 2025. 1,000 Omani Rial in Pakistani rupees 1,000 Omani Riyal (OMR) is equivalent to Rs 722,000 in Pakistani currency if citizens sell the same in the open market. Individuals […]
According to Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently being sold at SAR 3,857, while the cost of an ounce of gold is 11,995 Saudi Riyal. Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 16, 2025. […]
The Saudi Riyal’s selling rate was noted at Rs75.32. 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 […]
The bilateral ties and cooperation were discussed during the Fifth Round of the Pakistan-China Dialogue on Maritime Cooperation held in Beijing on Tuesday, according to a Foreign Office press release. The dialogue was co-chaired by Additional Secretary (Asia-Pacific) of the Ministry of Foreign Affairs of Pakistan, Imran Ahmed Siddiqui, and Director General of the Department […]
As per details, as preparations for the upcoming federal budget are underway, high-level discussions are taking place to explore avenues of tax relief, particularly for the salaried class and real estate sector. Insiders reveal that one of the key proposals under consideration is the elimination of the 3% Federal Excise Duty (FED) on property sales. […]
