The Gems and Jewellers Association in Karachi has introduced changes to the methodology for determining gold prices, including a $20 premium in line with international rates. On the global market, gold prices currently stand at $1,975 per ounce. It’s important to note that gold rates in Pakistan can change multiple times during the day in…
The State Bank of Pakistan (SBP) reported that the Pakistani rupee closed at Rs279.12 on Monday, marking a marginal decline of 0.11% against the US dollar. This decrease of Re0.32 follows a previous week where the rupee reversed recent gains, ending at 278.80 in the interbank market, resulting in a week-over-week decline of 0.42%. Currency…
On October 20, 2023 (Friday), the Pakistani currency exchange rates for various currencies, including the US Dollar, Saudi Riyal, UK Pound Sterling, UAE Dirham, European Euro, and other foreign currencies, are listed. Forex markets in Pakistan are operational from 9 am to 5 pm, and it’s important to note that rates may fluctuate during this…
The past week has witnessed the Pakistani currency gaining momentum, with a 1.79 percent increase in five sessions, closing at 277.62 against the US dollar. On Monday, there was a 0.29 percent increase, settling the local unit at 276.83. In the inter-bank market during morning trading hours, the Pakistani rupee was quoted at 275.50, reflecting…
The State Bank of Pakistan (SBP) has released the interbank closing exchange rates for major currencies against the Pakistani Rupee (PKR) on October 16, 2023. Currency Buy Rate Sell Rate Currency Buy Rate Sell Rate AED 75.3271 75.4418 AUD 174.8648 …
The Pakistani Rupee shows a strong recovery against US dollar as it is appreciated by Rs2.90 today during trading in the interbank market after the revival of IMF’s loan program. During intraday trade, the local currency is trading at Rs219 after gaining 1.31 percent. The rupee started to recover after IMF approves the bailout program…
IMF Executive Board will meet today on August 29, 2022, in Washington to resume the loan program of $1.17 billion for Pakistan. After the seventh and eighth reviews, if the staff level agreement is approved, the IMF loan program will be revived by issuing a loan of $1.17 billion to Pakistan immediately. Pakistan has requested…
Pakistan’s President, Dr. Arif Alvi signs the second Amendment of Tax Laws Ordinance, 2022 to collect 36 Billion in revenue through taxes. According to reports, the President signed tax law ordinance to increase FED (Federal Excise Duty) by 36 Billion under the finance act of 2022. Arif Alvi gave ordinance approval on the advice of…
Amid the Pakistani Rupee recovery in the interbank market against US dollar, Honda Atlas Pakistan has announced a decrease in its vehicles by Rs280,000 to Rs550,000, after Suzuki and Toyota. Like Pak Suzuki Motors and Indus Motors, Honda Atlas has also come forward with an announcement of reduced prices for its vehicles. The prices of…
Suzuki and Toyota have announced new reduced rates for their car amid the rupee gaining value against US dollar. The new vehicle prices are applicable from 16 August 2022. During the rupee inflation in the last two months and higher prices of raw materials, Suzuki and Toyota had increased car prices. The change in prices…
16 August 2022: The federal government has revised the existing petrol prices by Rs6.72/liter, effective from 16 August 2022. In the line with new changes, the new petrol price will be Rs233.91/liter. The government has announced another increase in petroleum prices effective from Tuesday, 16 August 2022. The petrol price has increased by Rs6.72 per…
On August 14, 2022, state bank of Pakistan issued Rs75 note design to mark the diamond jubilee of Pakistan. The note will be issued for public use on September 30, 2022. Pakistan celebrated its diamond jubilee on August 14, 2022. State bank of Pakistan marked this day by revealing the design of Rs75 note that…
NEPRA has announced a power tariff increase for the September and August K-electric bills however, the per unit cost is divided between peak and non-peak hours. On Friday 12 August 2022, National Electric Power Regulatory Authority (NEPRA) announced a massive hike in power tariff for the consumers of K-electric. The surge will be applied to…
11 August 2022: Rupee continues to bounce back against US dollar and drops to Rs219.21 during intraday trade. US dollar was being traded at Rs221.91 in the interbank market, a day earlier. The Pakistani Rupee has started gaining value against US dollar in the interbank market after failing to an intense low during the last…
Not a fan of corporate slavery? Want to be your own boss? Then this article is a must-read for you. A 9-5 Job can be truly tiring and dreary, and it restricts the utilization of our skills and intellect to the fullest due to the prescribed mode of work. This is one of the primary…