Islamabad, Mar 24, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained unchanged in the open market on Monday, March 24, 2025. The buying rate stood at Rs74.71, while the selling rate remained steady at Rs75.11. SAR to PKR Rate Today: 1 SAR = Rs74.71 (March 24, 2025) Understanding the Saudi Riyal (SAR) The Saudi Riyal (SAR) is the official currency of Saudi Arabia, often denoted as SAR or SR. It is further divided into 100 halalas. The exchange of SAR into PKR or other global currencies such as US Dollars (USD) and UAE…
Author: Mawadat Fatima
Islamabad, Mar 24, 2025: As Eid ul-Fitr 2025 draws near, the demand for crisp new currency notes skyrockets. Families eagerly seek fresh bills to distribute as Eidi, a cherished tradition that brings joy, especially to children. However, getting new notes can sometimes be a challenge due to high demand and limited supply. Easy Process to Obtain Fresh Notes Acquiring new currency notes is relatively simple, provided banks have sufficient stock. According to bank officials, customers need to visit their respective bank branches with a copy of their CNIC. If fresh notes are available, they are issued on the spot. However,…
Islamabad, Mar 24, 2025: Following the success of Lahore’s initiative, Rawalpindi has now launched a dedicated green lane for motorcyclists to enhance road safety and streamline traffic. This move aims to provide bikers with a safer, more organized route, reducing congestion and minimizing the risk of accidents. The City Traffic Police Rawalpindi has urged motorcyclists to strictly adhere to lane discipline and avoid unnecessary lane switching or reckless overtaking. Authorities believe that maintaining order on the roads will significantly lower accident rates and ensure smoother traffic flow. Chief Traffic Officer (CTO) Benish Fatima emphasized the significance of this dedicated lane,…
Islamabad, Mar 24, 2025: The selection process for the new Commissioner of the Securities and Exchange Commission of Pakistan (SECP) has reached its final stage. A high-level committee, led by the Finance Minister, recently conducted interviews to assess potential candidates for this crucial role. Out of the five shortlisted individuals, four appeared before the panel for evaluation. The candidates who participated in the interview process included former Managing Director of PASCO, Captain (R) Saeed, SECP Executive Director (ED) Bilal Rasool, ED Muzaffar Mirza, and Shaista Bano. Each candidate presented their credentials and vision for strengthening Pakistan’s financial regulatory framework.
Islamabad, Mar 24, 2025: The Kia Stonic is a premium compact SUV that blends modern aesthetics with advanced technology and a spacious interior. It boasts an ex-factory price of Rs. 5,500,000, with financing options starting at a monthly installment of Rs. 80,515. This Shariah-compliant financing option makes it easier to own the Stonic, providing smooth handling, superior comfort, and cutting-edge features for an exceptional driving experience. Kia Picanto – A Smart Choice for City Drivers If you’re looking for a reliable, budget-friendly city car, the Kia Picanto is an excellent option. With an ex-factory price of Rs. 3,850,000, it comes…
Islamabad, Mar 24, 2025: The upcoming Finance Bill (2025-26) is set to introduce a fresh registration scheme for shopkeepers and traders, replacing the unsuccessful Tajir Dost Scheme. The Federal Board of Revenue (FBR) has drafted this new plan and expects to unveil it in the forthcoming budget. However, the authorities have not yet shared the specifics of the scheme with traders’ associations or industry representatives. Previously, the Tajir Dost Scheme managed to register around 70,000 to 75,000 shopkeepers and retailers, contributing millions in tax revenue. Despite this, traders have voiced strong opposition to the proposed new initiative, questioning its necessity…
Islamabad, Mar 24, 2025: The International Monetary Fund (IMF) has firmly denied the Federal Board of Revenue’s (FBR) proposal to reduce transaction taxes in Pakistan’s real estate sector. This contradicts earlier claims by government officials that the IMF had approved a 2% cut in withholding tax on property purchases, expected to take effect from April 1, 2025. Additionally, the IMF has maintained its stance against reducing tax rates on tobacco and sugary beverages. In a separate demand, the global lender has required the federal government to provide a written guarantee that provinces will not engage in wheat procurement, even in…
Islamabad, Mar 23, 2025: A group of Palestinian students has reached Karachi from war-torn Gaza to pursue their education, as academic institutions in their homeland remain in ruins. According to reports, seven students have already arrived, while another batch is expected in the coming days. These students will be enrolled in various universities and colleges across Karachi to continue their studies without disruption. Al-Khidmat Foundation, a well-known welfare organization, has taken full responsibility for their education and living expenses, ensuring they receive the necessary support. With Gaza’s educational infrastructure severely damaged, Pakistan has stepped forward to provide these students with…
Islamabad, Mar 23, 2025: The exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable in the open market, standing at Rs74.71 on Sunday. Similarly, the selling price held steady at Rs75.11, as per the latest updates from the Forex Association of Pakistan. Current SAR to PKR Exchange Rate: 1 SAR = Rs74.71 (March 23, 2025) The Saudi Riyal (SAR), the official currency of Saudi Arabia, is commonly denoted as SAR or SR and is further divided into 100 halalas. Pakistan-Saudi Arabia Strengthen Bilateral Relations Pakistan and Saudi Arabia have reaffirmed their commitment to strengthening bilateral…
Islamabad, Mar 23, 2025: Pakistan and the International Monetary Fund (IMF) have reached a landmark agreement to reduce the country’s weighted average tariff to 6% over the next five years. This decision will significantly lower import costs and enhance foreign competition, making Pakistan’s tariff structure the most competitive in South Asia. Currently set at 10.6%, the tariffs will gradually decrease, with the changes taking effect from July 2025. Impact on the Automobile Sector One of the most notable effects of this tariff reduction will be seen in the auto industry. Lower import duties are expected to bring down car prices,…
