The stock market was headed for another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears that a trade war will tip the globe into a recession. Futures tied to the blue-chip Dow Jones Industrial Average lost 1,533 points, or 3.7%. Future levels indicated the Dow would open official trading about […]
U.S. President Donald Trump on Wednesday slapped a 26% reciprocal tariff on India, threatening the Reserve Bank of India’s (RBI) estimate of 6.7% economic growth in 2025-26 and the government’s economic survey forecast of 6.3%-6.8%. After the tariffs, Goldman Sachs lowered its growth estimate to 6.1% from 6.3%. Citi forecast a 40 bps drag on […]
Exports during July-March (2024-25) were recorded at $24.690 billion against $22.926 billion during July-March (2023-24), according to Pakistan Bureau of Statistics (PBS) data. On the other hand, imports into the country went up by 6.33 percent by growing from $40.054 billion last year to $42.589 billion during the first nine months of the current year. […]
The buying and selling rates for OMR were recorded at Rs 722.00 and Rs 730.50, respectively. The exchange rates were last updated at 12:15 PST on April 04, 2025. 1,000 Omani Riyal in Pakistani rupees 1,000 Omani Riyal (OMR) is equivalent to Rs 722,000 in Pakistani currency if citizens sell the same in the open […]
The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) initially showed strength, climbing 792.80 points, or 0.67 percent, to settle at 119,730.91 points in the first half of the trading session, compared with the previous closing of 118,938.11 points. The surge was fuelled by investor optimism following a major reduction in electricity prices by […]
The selling rate of the Saudi Riyal was recorded at Rs75.18. The official currency of Saudi Arabia 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 assistance from the Kingdom of […]
The Canadian Dollar, also known as the Loonie, is the official currency of Canada. It’s considered one of the world’s most stable and widely traded currencies, backed by Canada’s strong economy, diverse industries, and high standard of living. On the other hand, the Pakistani Rupee (PKR) is the official currency of Pakistan. Its value is […]
According to sources, the differences among PTI’s leadership in Khyber Pakhtunkhwa persists. Sources revealed that Gandapur has also been entrusted with resolving issues between Azam Swati and the Speaker of the KP Assembly. Meanwhile, provincial president Junaid Akbar met with senior leader Shaukat Yousafzai to discuss party matters. Yousafzai has been directed to meet with […]
This amount showcases the ongoing economic ties between Kuwait, a small yet affluent oil-producing nation, and Pakistan, a larger nation facing economic challenges. 1 Kuwaiti Dinar equals 912.13 Pakistani Rupees Introduced as Kuwait’s official currency in 1961, the Kuwaiti Dinar is distinguished by its high value, supported by the nation’s vast oil reserves and stable […]
The updated schedule is designed to help consumers effectively plan their cooking and daily activities. Residents of Rawalpindi, Islamabad, and surrounding areas are currently experiencing gas load-shedding. SNGPL officials stated that after Ramadan, gas will only be available during designated mealtimes. The revised gas supply schedule permits consumers to access gas during three designated periods: […]
