This development reflects ongoing fluctuations in the forex market, driven by a mix of regional economic dynamics and global trade influences, providing a favorable rate for overseas Pakistanis remitting funds from the UAE. 1 UAE Dirham = 76.41 Pakistani Rupees The valuation of the AED against the PKR is shaped by several key factors. The […]
Meanwhile, the turmoil unleashed by Trump’s tariffs showed few signs of easing on Friday, with markets tumbling and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades. A brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days […]
The rate of the yellow metal on Thursday was 4,217 Saudi Riyal (SAR) per tola. According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,721. Additionally, the price for an ounce of gold is 11,573 Saudi Riyal. Gold rates are subject to global market fluctuations, including […]
The selling rate of the Saudi Riyal was recorded at Rs75.25. The official currency of Saudi Arabia is abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas. The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the Kingdom of […]
As per details, uncertainty looms around Solar industry in Pakistan following the government’s plan of massive cuts in buyback rates. In Hyderabad and other regions of Sindh, solar panel rates have registered 25 percent. The price of a Grade-A 585-watt solar panel, previously sold for Rs. 22,000, has now come down to around Rs. 16,500. […]
In a petition filed against the illegal trade of cryptocurrency and digital forex, the Peshawar High Court has given the federal government a two-month deadline to introduce legislation on the matter. The hearing was conducted by Justice Syed Arshad Ali and Justice Khurshid Iqbal. During the proceedings, the Deputy Attorney General informed the court that […]
According to sources, the decision to issue green bonds is part of the government’s efforts to secure the first tranche of Resilience and Sustainability funds. Sources within the Finance Ministry revealed that the decision was made in consultation with the International Monetary Fund (IMF), and the funds raised will be used for climate change projects. […]
The study, released on Thursday by the Ann Arbor, Michigan-based organization, found Detroit automakers Ford Motor (F.N), General Motors (GM.N), and Stellantis (STLAM.MI), maker of Jeeps and Ram trucks, specifically will see increased costs of $42 billion. The study found the Detroit Three could see tariffs of nearly $5,000 for the parts they import on […]
The anxiety has sparked a rush into safe havens, sending the Swiss franc soaring to a decade high against the dollar, and gold to a new peak after a brief but massive relief rally following U.S. President Donald Trump’s move to temporarily lower tariffs on many countries. The selloff in U.S. Treasuries picked up pace […]
New orders for the two imported models are also no longer available on the U.S. automaker’s WeChat mini programme account. Meanwhile, Wall Street stocks fell sharply on Thursday amid growing concerns over Trump‘s ongoing trade battles. All three main US stock indexes suffered deep losses, losing most of the gains they made a day before. […]
