The selling rate of the Saudi Riyal was recorded at Rs75.11. 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. Recently, […]
In the open market, the selling price for the UK Pound was 363.75, while the buying price stood at 367.00. Several key factors contribute to the volatility in the GBP/PKR exchange rate, including shifts in supply and demand for both currencies and economic indicators such as inflation and interest rates. Changes in international relations, market […]
The buying and selling rates for OMR were recorded at Rs 726.00 and Rs 734.50, respectively. The exchange rates were last updated at 13:13 PST on March 22, 2025. 1,000 Omani Riyal in Pakistani rupees 1,000 Omani Riyal (OMR) is equivalent to Rs 726,000 in Pakistani currency if citizens purchase the same in the open […]
According to sources, the IMF and Pakistan are holding virtual talks, with 85% of the discussions completed successfully. The talks are focused on finalizing the details of the next budget, which is expected to be presented in the National Assembly soon. The new budget is expected to increase the tax-to-GDP ratio to 13% and collect […]
According to the Pakistan Airports Authority, a joint team comprising officials from PAA and Pakistan International Airlines (PIA) recently visited the airport to assess the feasibility of resuming commercial and relief flights. According to the PAA, the Joint Board of Officers evaluated the airport’s infrastructure, technical aspects, and available facilities. On directives from the Ministry […]
According to the Central Power Purchasing Agency (CPPA), the country produced 6.495 billion units of electricity in February 2025, down from 7.137 billion units in February 2024 and 7.756 billion units in February 2023. Similarly in February 2022, the country produced 8.087 billion units of electricity, while in February 2021, the output was 7.281 billion […]
The index reached a record-breaking high of 119,421.81 points, with the current index up by 689.71 points, reaching 118,663.73, reflecting a 0.58% increase during the day. The market’s upward trend indicates a positive sentiment among investors, showing growing confidence in the market as the session continues. The trading volume stands at 268,125,313 shares, with a […]
According to a state-run news agency, the pledge came during a bilateral meeting between Prime Minister (PM) Shehbaz Sharif and Saudi Crown Prince and Prime Minister Mohammed bin Salman. The meeting, held during PM Shehbaz’s four-day visit to the Kingdom, was also attended by Chief of the Army Staff General Syed Asim Munir, Deputy Prime […]
Downloads of Nike mobile apps for the quarter were down 35% from a year earlier, according to market intelligence firm Sensor Tower. Foot traffic at Nike stores was down 11%, according to data compiled by Raymond James. Foot Locker, a major Nike retailer, disclosed in its earnings on March 5 that promotional pressures would hurt […]
Royal Decrees related to the formation of a new board of Central Bank of Oman and appointment of its governor has been issued for the reforms, which include the formation of a new board of the Central Bank of Oman (CBO) and the appointment of its governor, are designed to enhance the legal and regulatory […]
