The Pakistani Rupee showed a slight improvement against the US Dollar in interbank trading, gaining 01 paisa to settle at Rs. 281.16, up from the previous closing rate of Rs. 281.17, based on figures released by the State Bank of Pakistan. In the open market, the US Dollar was seen at Rs. 282.65 for buying and Rs. 282.85 for selling, according to data from the Forex Association of Pakistan.

In the local bullion market, gold prices experienced a sharp decline while silver reached a historic high.

The industrial sector in Pakistan is facing significant pressure due to unexpectedly high gas bills for the current month, caused by the application of peak-hour charges rather than off-peak rates. This billing issue has raised serious concerns among business and manufacturing communities, particularly in Karachi, where many industries are already struggling with broader economic instability.

Pakistan’s maritime industry is reaching a historic milestone as the MSC MICOL, the largest cargo vessel ever to arrive in the country, docks at Karachi Port. Scheduled to berth at the South Asia Pakistan Terminal at 2:30 PM on Sunday, this event signals a significant leap forward in the nation’s shipping and trade infrastructure.

Dubai has introduced a strategic initiative called Dubai Founders HQ, developed by the Dubai Chamber of Digital Economy in collaboration with the Dubai Department of Economy and Tourism. This project, launched under the guidance of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, is focused on accelerating the growth of startups and SMEs in the region by providing them with access to vital

Pakistan has secured $3.5 billion in global financing for the Reko Diq Copper-Gold Project, marking a significant milestone in the country’s economic development and resource sector.

Pakistan’s exports to Saudi Arabia have exceeded $700 million, marking a significant increase in bilateral trade and reflecting growing economic ties between the two nations. Official data indicates that this rise stems from Pakistan’s expanding export portfolio, which now includes a diverse range of products such as food items, textiles, and industrial goods.

The Hub Power Company (HUBC) is accelerating its strategy to diversify operations and capitalize on emerging business opportunities, driven by improved financial performance and a more stable policy environment. Following recent reforms and the timely release of government subsidies, HUBC reports strengthened cash flows, particularly for its coal-fired power plants, aided by a drop in interest

The State Bank of Pakistan (SBP) has announced a significant move to promote the adoption of Raast, the country’s official instant digital payment system, by routing all government payments through Raast by the end of the fiscal year 2025-26. To support this transition, the government has allocated a Rs3.5 billion subsidy program aimed at encouraging merchants to adopt Raast by reducing digital

BankIslami continues to spearhead Pakistan’s transition toward a riba-free economy through its nationwide Safar-e-Kamiyaabi initiative. Recently, the bank’s leadership visited the historic Mahabat Khan Masjid in Peshawar, conducting customer engagement sessions that emphasized the core principles of Islamic finance and the mission to “Save Humanity from Riba.”