The European Commission said Bulgaria had fulfilled the strict criteria “intended to ensure that a country is ready to adopt the euro and that its economy is sufficiently prepared to do so”. The European Central Bank also gave a positive opinion, hailing Bulgaria’s “tremendous dedication to making the adjustments needed”. The push has, however, sparked […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 4,068, with an ounce of gold costing 12,653 Saudi Riyal. The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time. Gold has long held a […]
Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between the two countries is built on a strong foundation of mutual support and cooperation. Saudi Arabia has provided significant financial aid to Pakistan, including a recent extension of a $3 billion deposit for an […]
According to data released by All Pakistan Cement Manufacturers Association, domestic cement sales declined by 1.94 per cent during the first eleven months of the current fiscal year, according to data released by the All Pakistan Cement Manufacturers Association (APCMA). Local consumption fell from 35.1 million tonnes between July 2023 and May 2024 to 34.4 […]
This stability comes after a peaceful time in the AED and PKR exchange rates, supported by steady remittances and good economic conditions in the UAE as well as Pakistan. Understanding the AED-PKR Exchange Rate The UAE Dirham’s exchange rate with the Pakistani Rupee is influenced by market forces and the actions of central banks. Since […]
The minor revision in the exchange rate has drawn comments from analysts and traders about the potential influencers of its value and how it will impact trade and remittances between the two countries. One Kuwaiti Dinar is equal to 913.99 Pakistani Rupees Understanding the KWD-PKR Exchange Rate The exchange rate of KWD against PKR is […]
According to official sources, the IMF is now willing to reduce income tax rates across all salary slabs. Sources revealed that the relief will be granted through amendments to Section 129 of the Income Tax Ordinance, which governs exemptions and concessions. One of the major changes under discussion includes raising the annual tax-free income threshold […]
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 […]
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 […]
