Islamabad, Apr 13, 2025: The Pakistan Stock Exchange (PSX) experienced intense turbulence over the past week, with the KSE-100 index witnessing an unprecedented intra-day crash of 8,688 points (-7.3%) on Monday. Concerns over a potential worldwide trade war and a steep decline in oil prices, with crude dropping to $57.04 per barrel, sparked the dramatic fall. The US rattled investor sentiment by imposing retaliatory tariffs on 60 nations, including China, triggering fears of a broader economic conflict. However, optimism returned mid-week when US President Trump suspended new tariff measures for 90 days, and positive developments at the Pakistan Minerals Investment…
Author: Mawadat Fatima
Islamabad, Apr 13, 2025: Gold prices in Pakistan continued their relentless climb on Saturday, reaching a historic peak and sparking concern among investors and jewelry buyers alike. As per the latest figures shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the rate for one tola of 24-karat gold rose by a substantial Rs. 1,800, settling at an all-time high of Rs. 340,600. Likewise, the cost of 10 grams of gold registered a hike of Rs. 1,543, bringing the new rate to Rs. 292,009. This rise follows a dramatic upswing in the precious metal’s value earlier in the week.…
Islamabad, Apr 13, 2025: Punjab Chief Minister Maryam Nawaz made a powerful impression during her keynote speech at the Anatolia Diplomacy Forum in Turkiye, where she passionately stressed the need for quality education and women’s inclusion in development. As the province’s first female chief executive, Maryam Nawaz showcased her government’s commitment to transforming the education sector and enhancing opportunities for women across Punjab. She outlined key milestones under her administration, including the revival of previously closed schools and the successful integration of modern learning technologies into the classroom environment. In her address, CM Maryam Nawaz underlined the role of information…
Islamabad, Apr 13, 2025: In preparation for the upcoming Hajj pilgrimage, Saudi Arabia has implemented strict entry protocols for the city of Makkah. As per the latest update from the Ministry of Interior, individuals will require a special authorization to enter Makkah starting April 23. This move is part of the Kingdom’s broader plan to streamline pilgrim movement and enhance safety during the sacred journey. Additionally, all international visitors currently staying in the Kingdom on Umrah visas must depart no later than April 29. Overstaying beyond this date will be treated as a breach of Saudi immigration laws and may…
Islamabad, Apr 13, 2025: In a surprising twist within Pakistan’s growing electric vehicle (EV) sector, two separate companies have introduced what seems to be the same compact EV under two different brand names. The vehicle, initially unveiled by GUGO Motors in February as the GUGO Box, resurfaced weeks later as the Dongfeng Box, this time under the Chawla Group’s banner. This small, city-focused EV, ideal for budget-conscious drivers, originates from Dongfeng Box EV, a well-established Chinese state-owned automaker headquartered in Wuhan and valued at nearly $5 billion. Despite the same origin, both Pakistani distributors are engaged in a heated disagreement over…
Islamabad, Apr 13, 2025: In a significant move for Pakistan’s telecommunication sector, the Prime Minister has officially approved the contract appointment of Mr. Ali Farhan as the Managing Director (MD) of the National Telecommunication Corporation (NTC). The appointment falls under the MP-I Scale and is set for a three-year term, in line with the provisions of the MP Scales Policy, 2020. Mr. Farhan will assume charge from the date of his joining. The Ministry of Information Technology and Telecommunication confirmed the development, highlighting the government’s commitment to strengthening national digital infrastructure and improving communication services across the country. With this…
Islamabad, Apr 11, 2025: In a major development that marks a new era of bilateral cooperation, Belarus has agreed to grant work visas to over 150,000 skilled Pakistani workers, a move that underscores the growing partnership between Islamabad and Minsk. This announcement was made following a landmark meeting between Pakistan’s Prime Minister and Belarusian President Aleksandr Lukashenko during the premier’s recent official visit to Belarus. The visit, hailed as a turning point in Pakistan-Belarus diplomatic relations, featured warm and cordial discussions aimed at enhancing mutual cooperation. “We had a most constructive dialogue,” said the Pakistani Prime Minister. “I thanked President Lukashenko…
Islamabad, Apr 11, 2025: Beloved Pakistani actress Durefishan Saleem recently paused her hectic filming routine to immerse herself in the cultural treasures of Lahore. The young starlet, known for her poise and talent, made a graceful appearance at the majestic Lahore Fort, a timeless symbol of Mughal grandeur. Accompanied by close friends and family, Durefishan explored the historic monument’s intricate architecture and peaceful ambiance. Draped in an elegant white traditional outfit, she looked radiant against the backdrop of the ancient citadel. Her simple yet graceful look captured the hearts of fans, who praised her natural elegance and strong connection to…
Islamabad, Apr 11, 2025: The UK government is considering a substantial revision of its graduate visa program, aiming to tighten immigration rules in response to rising net migration figures. This move has reportedly created friction between the Home Office and the Department for Education. The new proposals would require international graduates to secure employment in skilled roles to continue staying in the UK after finishing their studies. The Home Office is reportedly dissatisfied with what it sees as a lack of cooperation from the education sector. Authorities believe the Department for Education has prompted Universities UK—the primary body representing higher…
Islamabad, Apr 11, 2025: The exchange rate for 1 Saudi Riyal (SAR) to Pakistani Rupee (PKR) is approximately ₨74.75. On the fifth working day of the current business week, the selling rate of the Saudi Riyal (SAR) has declined slightly, now trading at Rs75.25, according to the latest update from the Forex Association of Pakistan. The Saudi Riyal, denoted by SAR or SR, serves as the official currency of Saudi Arabia. Each Riyal is divided into 100 smaller units known as halalas. Exchange rate movements are influenced by a variety of factors, including political stability, economic performance, and foreign exchange…
