The IMF’s stance comes as Pakistan seeks to secure the next $1 billion tranche under the $7 billion Extended Fund Facility (EFF). According to sources, the IMF delegation maintained that tax exemptions for international investments would hinder the country’s revenue generation. According to sources, the government had requested Gulf countries to invest in the Chaghi-Gwadar […]
According to Bloomberg, “The positive outlook mirrors the Government of Pakistan’s positive outlook,” Moody’s stated, noting that Pakistani banks maintain significant exposure to sovereign risk through substantial holdings of government securities. Economic growth projections have brightened considerably, with Moody’s forecasting a 3% expansion in 2025, up from 2.5% in 2024 and a contraction of 0.2% […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3.517. Additionally, the price for an ounce of gold is Saudi Riyal 10,938. 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 […]
The buying rate for the Omani Riyal in exchange for the Pakistan Rupee (PKR) stood at 724.5 while the selling rate is Rs 733.00 in the open market on Wednesday, March 12, 2025. The exchange rates were updated at noon PST on March 12. The Omani Riyal denoted as OMR, serves as the official currency […]
OGDCL has informed that the oil production has been restored at the site, with current extraction rates reaching approximately 1,000 barrels of crude oil per day ending a 4.5-year hiatus in operations. The oil production from the well was suspended in 2020 owing to technical faults. The revival of these wells was made possible through […]
According to details, Pakistan authorities are preparing for a major crackdown on tax evasion in the sugar sector to ensure price stability. Action against counterfeit track-and-trace systems in the sugar industry is on the cards. Authorities will also crack down on reusing tracking codes on sugar bags. According to sources, despite sufficient sugar stocks availability […]
According to the audit report presented before the Public Accounts Committee (PAC) of the National Assembly, the ADB’s aid was granted for flood relief, but it was ‘used’ to assist Turkey and Syria disaster regions. During today’s meeting of PAC, Parliamentary leader Aamir Dogar questioned whether NDMA is authorized to allocate foreign aid to other […]
The buying rate for the UK Pound (GBP) in exchange for the Pakistan Rupee (PKR) stood at 361. 6while the selling rate is 364.50 in the open market on Tuesday. Let’s delve into what this signifies and examine how currency valuations operate. What Drives the GBP to PKR Exchange Rate? Several factors influence the exchange […]
The buying rate for the Omani Riyal in exchange for the Pakistan Rupee (PKR) stood at 724.5 while the selling rate is Rs 733.00 in the open market on Tuesday, March 11, 2025. The exchange rates were updated at noon PST on March 11. The Omani Riyal denoted as OMR, serves as the official currency […]
