During the session, Muhammad Aamir Ghaziani, the Chief Financial Officer of K-Electric, presented the company’s $2 billion investment roadmap, which aims to modernise Karachi’s power infrastructure by 2030. Muhammad Aamir Ghaziani emphasized that the approval of the Multi-Year Tariff (MYT) for FY24–FY30 will allow important investments in infrastructure, thereby ensuring a stable and efficient energy […]
The US currency started the week on the back foot after Trump said on Friday that he planned to double duties on imported steel and aluminum to 50% from Wednesday, and as Beijing hit back against accusations it violated an agreement on critical minerals shipments. China’s Commerce Ministry said on Monday the charges were “groundless,” […]
Spot gold was up 2% at $3,353.29 an ounce, as of 1128 GMT, after hitting its highest level since May 23, earlier in the session. U.S. gold futures rose 1.9% to $3,378.40. The dollar was down 0.6% against its rivals, after Trump said on Friday that he plans to double duties on imported steel and […]
Jaffrelot, a renowned expert on South Asia, stated that India’s “mistake of underestimating Pakistan cost it dearly.” He underscored Pakistan’s superior preparations and asserted that “Chinese weapons turned the tide of war.” He further criticized India’s attempt to weaponize the Indus Water Treaty, issuing a stark reminder: “India has tried to turn the Indus Water […]
According to the notification issued by the federal government, the Eid al-Adha holidays will be observed from Friday, June 6, to Monday, June 9. The decision has been taken following the approval from Prime Minister Shehbaz Sharif. Earlier, the Central Ruet-e-Hilal Committee announced that the Zil Hajj moon was not sighted in Pakistan on Tuesday, […]
This stability illustrates the robust economic relationship between Pakistan and Qatar, driven by consistent remittance inflows and trade. Valuation Process The exchange rate of the Qatari Riyal is stabilized through its fixed peg to the US Dollar at approximately 3.64 QAR per USD, a practice maintained by the Qatar Central Bank since 1980. This peg […]
A video showing Salman Farooqi physically assaulting a motorcyclist in the presence of his sister went viral on social media, prompting public outrage and calls for legal action. Deputy Inspector General (DIG) Asad Raza stated that the accused was arrested following a technical investigation. Police also conducted raids at his residence and office as part […]
The recorded buying and selling rates for the OMR are Rs 733.4 and Rs 741.9, respectively. These exchange rates were last updated at 03:35 PST on June 02, 2025. Rates of 1000 Omani Rials (OMR) For individuals converting currency, 1,000 Omani Rials (OMR) is equivalent to approximately Rs 733,400 in Pakistani Rupees, based on the […]
“The situation is intolerable in Gaza, and getting worse by the day,” Starmer told reporters in Scotland, when asked whether the UK would take any action over the issue. “Which is why we are working with allies … to be clear that humanitarian aid needs to get in at speed and volumes that it is […]
With Iran and the United States engaged in talks over Tehran’s nuclear programme since April, Washington’s proposal for a deal came after a leaked UN report said Iran had stepped up production of highly enriched uranium. Iran’s top diplomat and lead nuclear negotiator, Abbas Araghchi, was due to meet the head of the UN’s International […]
