“An International Monetary Fund (IMF) team, led by Nathan Porter, visited Islamabad and Karachi from February 24 to March 14, 2025, to hold discussions on the first review of Pakistan’s economic program supported by the Extended Fund Facility (EFF) and on a possible new arrangement under the IMF’s Resilience and Sustainability Facility (RSF),” the IMF […]
According to sources, the company has contacted PIA and sought a comprehensive report on the aircraft’s technical aspects. Airbus company has requested a complete report on the registered Airbus aircraft, including a three-month flight data record and a checklist. The company has also asked for a report on the plane’s landing gear and other relevant […]
Elsewhere, the yen gave up more of its recent gains as markets backed off a small chance of the Bank of Japan (BOJ) raising interest rates in May. Sowing more volatility across markets, U.S. President Donald Trump threatened to hit imports of wine, cognac, and other alcohol from Europe with a 200% tariff. The escalating […]
Spot gold was up 0.4% at $3,000.39 an ounce at 1031 GMT. Prices have scaled 13 all-time highs in 2025 so far, and have risen over 14%. U.S. gold futures were up 0.7% to $3,012.90. “Amid escalating geopolitical tensions, rising trade tariffs, and growing financial market uncertainty, investors are increasingly seeking stability – and they […]
As per details, the Federal Board of Revenue (FBR) has fulfilled another condition set by the International Monetary Fund (IMF) as it has decided to monitor production in the industrial sector. According to the FBR, electronic video surveillance will be implemented to track the production of goods. A digital eye software will be installed for […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,589. Additionally, the price for an ounce of gold is Saudi Riyal 11,165. It is important to note that gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update […]
The selling rate of the Saudi Riyal was recorded at Rs74.65. The Saudi riyal is the official currency of Saudi Arabia. It 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 […]
While Russia has publicly encouraged the use of cryptocurrency and last summer passed a law to allow digital currency payments in international trade, its use in the country’s oil trade has not previously been reported. Some Russian oil companies are using bitcoin, ether and stablecoins such as Tether to smooth the conversion of Chinese yuan […]
The buying rate for the UK Pound (GBP) in exchange for the Pakistan Rupee (PKR) stood at 363.00 while the selling rate is 366.50 in the open market on Friday. Let’s delve into what this signifies and examine how currency valuations operate. This rate indicates the value of one UK Pound in Pakistani Rupees and […]
The buying rate for the Omani Riyal in exchange for the Pakistan Rupee (PKR) stood at 726.00 while the selling rate is Rs 734.50 in the open market on Friday, March 14, 2025. The exchange rates were updated at 12:14 PST on March 14. The Omani Riyal denoted as OMR, serves as the official currency […]
