Khawaja Saad Rafique, who never backs off from criticising his own government’s decision, has recently opposed the right-sizing policy of the incumbent government. In a social media post, Saad Rafique expressed his disappointment over the move, calling it an inappropriate decision that could harm the aviation industry. — Khawaja Saad Rafique (@KhSaad_Rafique) February 13, 2025 […]
The selling rate of the Riyal also remained constant as it is being sold for Rs74.75 on the fourth day of the new business week. 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 […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,499. Additionally, the price for an ounce of gold is SAR 10,885. It is important to note that gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded […]
Recep Tayyip Erdogan landed in Islamabad on a two-day official visit to Pakistan. Upon his arrival, he was welcomed by Pakistan President Asif Ali Zardari and Prime Minister Shehbaz Sharif. First Lady Aseefa Bhutto, Deputy PM Foreign Minister Ishaq Dar, Defence Minister Khawaja Muhammad Asif, Information Minister Attaullah Tarar, and other high-ranking government officials greeted […]
The fourth straight quarter of revenue miss pushed the company’s shares down about 5% in premarket trading. Packaged food makers have increased product prices in the past few years to counter higher input and manufacturing costs and protect their margins. As a result, middle-to-lower income groups, faced with still elevated inflation, have reduced spending on […]
The GBP to PKR exchange rate is influenced by a combination of global and domestic factors. The strength of the UK Pound, driven by the UK’s economic policies and its recovery from recent challenges, has played a role. On the other hand, Pakistan’s economic conditions, including inflation, trade deficits, and foreign exchange reserves, continue to […]
A trader at a commercial bank noted, “We anticipate the shilling will remain steady in the near term, supported by these factors, until the outcome of the infrastructure bond auction is known. Such bonds typically draw significant foreign investor interest, which could further influence the currency’s performance.” Infrastructure bonds in Kenya are often sought after […]
The prime minister made these opening remarks at the meeting of the federal cabinet chaired by him. The premier briefed the cabinet about his interaction with the Managing Director of the International Monetary Fund (IMF) in Dubai who appreciated Team Pakistan for its commendable efforts in implementing the IMF program and amicably achieving economic indicators. […]
A mission of the International Monetary Fund (IMF) has been on a visit to Pakistan to conduct a Governance and Corruption Diagnostic Assessment (GCDA), the Ministry of Finance earlier said in a statement. The IMF delegation was briefed that the Parliament has been the major forum of audit and accountability in the public sector and […]
As per details, the Pakistan government is trying to lower the sugar prices, but millers are not interested, the sources said. Currently, the sugar is being sold at Rs155 per kg, but the government wants to lower the prices of the commodity to Rs120 per kg. However, the sugar millers are of the view that […]
