According to sources, the discussions are centered on implementing economic reforms, increasing revenue, and reducing expenditures. Sources revealed that the IMF has emphasized the need to boost revenue and cut costs, with a proposed tax revenue target of over Rs 15 trillion for the next fiscal year. Additionally, the tax-to-GDP ratio is expected to increase […]
The CAD to PKR exchange rate is a crucial indicator for thousands of Pakistani expatriates residing in Canada, as well as for businesses involved in trade between the two countries. Given the significant role remittances play in Pakistan’s economy, fluctuations in this rate directly impact the financial well-being of families who depend on funds sent […]
According to sources, arrangements for the launch of digital prize bonds have been completed including the development of a state-of-the-art mobile application for the issuance of these bonds. The Pakistan government has planned to issue bonds in denominations of Rs500, Rs1000, Rs5000, and Rs10,000. Digital prize bonds will be available to National Savings account holders, […]
The buying rate for the UK Pound (GBP) in exchange for the Pakistan Rupee (PKR) stood at 362.50 while the selling rate is 366.00 in the open market on Thursday. 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 725.05 while the selling rate is Rs 733.55 in the open market on Wednesday, March 12, 2025. The exchange rates were updated at 14:26 PST on March 13. The Omani Riyal denoted as OMR, serves as the official currency […]
The AUD/PKR exchange rate, like all currency exchange rates, is determined by a complex interplay of economic factors. Key influences include: Economic Performance: Australia’s economic health, including its interest rates, GDP growth, and employment figures, plays a crucial role. Similarly, Pakistan’s economic stability, inflation rates, and foreign exchange reserves impact the PKR’s value. Supply and […]
Sudzha, home to around 5,000 people before the fighting, was the largest settlement Kyiv seized after it launched its cross-border assault into Russia last year. Ukraine now risks losing its grip on the border region entirely, ceding dozens of square kilometers in the past seven days, according to military bloggers. The Kursk region was one […]
Spot gold gained 0.3% to $2,940.99 an ounce, as of 0856 GMT, about $16 shy from the record peak. Due to the economic uncertainty caused by U.S. tariffs, spot gold hit a record high of $2,956.15 on February 24. Get a look at the day ahead in U.S. and global markets with the Morning Bid […]
A rise in global trade tensions and worries over U.S. recession risks have rattled global markets and sparked huge volatility in currencies, as traders seesaw between relief and angst over U.S. President Donald Trump’s whip-saw policy changes. Markets were a tad calmer in the Asian session on Thursday as investors caught a break from the […]
He was informally talking to media amid grassroot protests and concerns in Sindh over a scheme of six canals on Indus including Cholistan Canal. Bilawal Bhutto said that the people in Sindh have been furious over the canals’ issue, “The federal government has also been warned to avoid playing with fire”, he said. “I had […]
