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World Bank Delegation Visit Sparks Optimism for Pakistan’s Economic Future

Karachi: A high-level delegation from the World Bank Group has arrived in Pakistan, marking its first visit in two decades, to explore potential economic development projects and investment opportunities. Aman Pracha, Vice President of the Federation ...

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IFC to Invest $2 Billion Annually in Pakistan Infrastructure

Karachi: In a significant boost to Pakistan's economy, the International Finance Corporation (IFC) has announced plans to invest $2 billion annually in the country's infrastructure and key sectors. The announcement comes amid a flurry of economic deve...

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State Bank of Pakistan Releases New Exchange Rates for Major Currencies

Karachi: The State Bank of Pakistan has released the latest weighted average customer exchange rates for a range of currencies, reflecting current market conditions. The rates, effective February 17, 2025, indicate the buying and selling prices for cu...

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Dollar Reaches 280.98 as Exchange Rates Fluctuate in Pakistan

Karachi: The Exchange Companies Association of Pakistan (ECAP) has released the latest open market closing exchange rates, revealing shifts in the buying and selling prices of major currencies as of February 17, 2025. The report highlights the U.S. do...

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Engro Polymer and Chemicals Unveils Rs 11.7 Billion Hydrogen Peroxide Plant

Karachi: Engro Polymer and Chemicals (EPCL), a subsidiary of Engro Corporation, has launched a Rs 11.7 billion hydrogen peroxide plant, marking a significant milestone in its investment efforts to bolster Pakistan's economic growth. The project, suppo...

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Gold Prices Surge in Pakistan as International Market Influences Rates

Karachi: Gold prices in Pakistan have increased significantly, with domestic rates mirroring the rise in international markets. The price of gold per tola reached Rs. 303,200, marking an increase of Rs. 1,700, while the price for 10 grams of 24 Kt gol...

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Foreign Exchange Rates Updated for Mark to Market Revaluation

Karachi: Authorized dealers in foreign exchange have released the latest exchange rates for mark to market revaluation, with notable changes observed across multiple currencies. The rates are crucial for financial institutions and traders who rely on ...

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