New Exchange Rates Issued for July 2026
The Financial Markets Association of Pakistan has issued new exchange rates for July 2026, with the USD conversion rate set at 278.0425.
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Currency
US dollar strengthens amid Gulf tensions and oil price surge
The US dollar held firm against major currencies as renewed Middle East tensions fueled safe-haven bids, with oil prices surging to seven-week…
Finance Minister Addresses Banking Summit in Karachi
Muhammad Aurangzeb, Pakistan's Finance Minister, addresses the Banking Summit 2026 in Karachi. Global oil prices rise after US strikes on Iran.
PAKL Performance Slumps, Rebounds with Margins Showing Growth
PAKL reported net losses for three consecutive years but showed significant margin growth in 2024 and 2025. Export sales declined due to…
EAD Warns of Economic Risks from US-Iran Conflict
The Economic Affairs Division warns of potential economic harm to Pakistan due to renewed conflict between the US and Iran. Committee advises…
PAKL Reports Slump in Revenue and Profits Amidst Export Challenges
PAKL, a Pakistani public limited company, reported significant losses and declining revenues due to export market challenges. However, recent years have se
Pakistan’s Solar Market Shifts Focus to Battery Storage
Solar panel imports in Pakistan have slowed by 61%, while battery imports have surged. The market is moving towards self-consumption and off-grid…
Finance Minister Praises SECP’s Regulatory Reforms and Digital Transformation
The Finance Minister reviews the performance of SECP, highlighting digital transformation and regulatory reforms aimed at improving ease of doing business.
Pakistani Rupee Gains Slightly Against US Dollar
The Pakistani rupee appreciated 0.01% against the US dollar on Wednesday, while global currencies and oil prices saw significant movements.
PIDE Launches Internship Program to Support Trillion-Dollar Economy Vision
PIDE and PLAK sign MoU for internship program, supporting young talent in research and theatre practices.
KSE-100 Plummets as US-Iran Tensions Spark Market Fears
The KSE-100 Index fell by over 6,400 points as tensions between the US and Iran intensified. Key sectors saw significant selling pressure.
Finance Minister Launches SME Finance Task Force
Senator Muhammad Aurangzeb announces establishment of SME Finance Task Force to expand access to finance for small and medium enterprises.
Finance Minister Puts AI at Heart of Tax Reform
Finance Minister Muhammad Aurangzeb discusses AI-driven tax reforms, upcoming bond issuances and the role of banking in Pakistan’s economic growth.
US dollar rises as New Zealand hikes interest rates
The US dollar reached its highest level in a week amid renewed strikes on Iran, while New Zealand's Reserve Bank of New…