Author: News Roundup
ISLAMABAD: Currency Exchange Rates in Pakistan, the local foreign exchange market registered slight changes, with major international currencies trading within a narrow range. On Wednesday, US Dollar remained steady, buying at 280.50 and selling at 282.4, while Euro was quoted at 330.69–335.03. The UK Pound Sterling continued to trade strong, selling at 387.76. UAE Dirham stood at 76.5–77.3, while Saudi Riyal was exchanged between 74.85 and 75.35. Among Gulf currencies, Kuwaiti Dinar remained highest-valued, selling at 907.50, followed by the Bahraini Dinar at 743.5. Japanese Yen, Chinese Yuan, and Australian Dollar showed no major volatility. Market dealers expect rates to remain range-bound…
ISLAMABAD: PSL 11: Franchises have announced their retention of their players for the Pakistan Super League (PSL) season 11. For the first time in the history of the PSL, a major change has been made in the player selection process. The traditional draft system has been replaced by an auction-based model. Under the new system, franchises can retain only one player from each category instead of eight, while the rest of the team will be formed through auction. On Tuesday, the franchises confirmed their retention for PSL 11. Lahore Qalandars Defending champions Lahore Qalandars have retained captain Shaheen Afridi in…
Islamabad: The Government of Japan, under its Grant Assistance for Grassroots Human Security Projects (GGP) Program, has decided to provide grant assistance of USD 85,429 (equivalent PKR 23.9 million) to two local NGOs for development projects in District Chakwal, Punjab, and District Mansehra, Khyber Pakhtunkhwa. The grant contracts were signed between H.E. Mr. AKAMATSU Shuichi, Ambassador of Japan to the Islamic Republic of Pakistan and representatives of the two NGOs at the Embassy of Japan in Islamabad on February 3, 2026. The two NGOs that will implement the projects are Bin Qutab Foundation and Saibaan Development Organization. Bin Qutab Foundation…
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has highly praised Prime Minister Muhammad Shehbaz Sharif for launching a comprehensive relief package for industries and exporters, terming it a timely and positive step towards reviving economic activities, restoring investor confidence and strengthening Pakistan’s export base. Addressing a well-attended press conference, ICCI President Sardar Tahir Mahmood said that the Prime Minister announced the relief measures, for which the press conference was primarily called to express gratitude and acknowledgement. He also appreciated the Prime Minister and the Chairman Federal Board of Revenue (FBR) for reviewing and restructuring the valuation table of…
ISLAMABAD: Gold and silver prices rose more than 2 percent on Tuesday after a sharp sell-off. The recovery came as the nomination of Kevin Warsh for US Fed chairman and CME Group tightening margin requirements pushed precious metals prices to a one-month low. Spot gold rose 2.2 percent to $4,767.33 an ounce, according to Reuters, after hitting a near-month low on Monday. On Thursday, gold hit a record high of $5,594.82 an ounce. US gold futures for April delivery rose 3 percent to $4,791.10 an ounce. Market analysts say the recent prices reflect more reasonable levels, as the market has…
ISLAMABAD: Cold Weather and Rain Expected Across Pakistan. According to the Meteorological Department, there is a possibility of rain in a few places in Islamabad during the next 24 hours, while the weather is expected to be extremely cold in most districts of Balochistan. The weather will remain cold and dry in most areas of Punjab, however, rain is expected in Narowal, Sialkot and Jhelum. The Meteorological Department says that there is a possibility of rain and snowfall in Murree, Galiyat and surrounding areas. In addition, rain and snowfall have been predicted at a few places in the districts of…
ISLAMABAD: Currency Exchange Rates in Pakistan, the local forex market remained stable over the weekend, with major international currencies trading in a narrow range. On Monday, the US dollar remained stable, buying at 280.60 and selling at 282.35, while the euro was selling at 331.97-336.38, the UK pound sterling continued to trade strongly, selling at 387.45. The UAE dirham was trading at 76.5–77.3, while the Saudi riyal was trading between 74.85 and 75.35. Among Gulf currencies, the Kuwaiti dinar was the most valuable, selling at 908.00, followed by the Bahraini dinar at 745.3.95. The Japanese yen, Chinese yuan, and Australian…
ISLAMABAD: Cold Wave Alerts Across Pakistan, the Meteorological Department has issued an important weather forecast, saying that the weather is likely to be cold in most parts of the country while the weather is likely to be partly cloudy. Rain and snowfall are also expected in some cities, including the upper and northern areas, which may further increase the intensity of the cold. According to the Meteorological Department, the weather in the federal capital, Islamabad, will be cold and partly cloudy. The weather is likely to be cold and dry in most plain areas of Khyber Pakhtunkhwa, while the weather…
ISLAMABAD: The local foreign exchange market remained stable over weekend, with major international currencies trading within a narrow range. On Monday, US Dollar remained steady, buying at 280.50 and selling at 282.20, while Euro was quoted at 333.83–338.26. The UK Pound Sterling continued to trade strong, selling at 389.51. UAE Dirham stood at 76.55–77.35, while Saudi Riyal was exchanged between 74.85 and 75.35. Among Gulf currencies, Kuwaiti Dinar remained highest-valued, selling at 917.00, followed by the Bahraini Dinar at 753.05. Japanese Yen, Chinese Yuan, and Australian Dollar showed no major volatility. Market dealers expect rates to remain range-bound in the near term,…
ISLAMABAD: The price of gold has once again recorded a significant decline in the global market, after which gold seems to be unable to come out of the pressure. During the latest trading, gold fell to $4,721 per ounce after a major decline of $172. The value of gold fell by more than 3 percent during the trading session, which further affected the confidence of investors. On the other hand, a clear decline was also recorded in crude oil prices. Crude oil prices in the global market fell by 4 percent, as a result of which Brent crude oil is…