Author: zerfeshan arshad

In Lahore, the surge in passport applications, particularly during the Hajj season, has led to significant delays in processing times. However, there’s good news for those in urgent need of a passport. The Directorate General Immigration & Passports has introduced a fast-track service that promises passport delivery within a mere 48 hours. This expedited service is a boon for applicants requiring swift passport issuance. For a standard 36-page passport with a five-year validity, the cost is set at Rs10,000, while a ten-year validity passport is priced at Rs12,500. The availability of the Fast Track Passport Service has recently been broadened…

In recent financial updates, the Pakistani Rupee exhibited a notable appreciation against the US Dollar, initiating trades at 282 in the interbank marketplace. Throughout the day, the currency demonstrated stability, maintaining a consistent rate close to 281 before eventually settling at a commendable 279. Various open market transactions reflected similar rates, oscillating between 279 to 282. The Rupee observed a slight improvement, marking a 0.06 percent appreciation and a 16 paisa rise, concluding the day at 279.12 against the Dollar. When examining the currency’s performance since the start of the fiscal year, the Rupee has ascended by 2.45 percent. However,…

In a recent update from the financial markets of Pakistan, there has been a modest increase in the value of gold, marking a notable event for investors and consumers alike. As of this Tuesday, the cost for one tola (approximately 11.66 grams) of gold ascended marginally to reach PKR 215,900. This change reflects a rise of PKR 100 per tola, signaling a gentle yet positive shift in the gold market. The information, provided by the reputable Karachi Sarafa Association, highlights not just the changes in the per tola rate but also in the smaller measurement of 10 grams of gold,…

In today’s fast-paced world, the Oppo Find X7 Ultra positions itself as a hallmark of modernity and efficiency, particularly in Pakistan’s competitive smartphone market. Scheduled for release in 2024, this device is engineered to meet the demands of tech-savvy users with its harmonious blend of advanced functionalities and sleek design. Let’s delve into the attributes that set the Oppo Find X7 Ultra apart as a top-tier smartphone choice. Oppo Find X7 Ultra Price in Pakistan Oppo Find X7 Ultra price in Pakistan is expected to start at Rs. 189,999. Elegance Meets Durability The Oppo Find X7 Ultra is designed with a…

In the bustling financial markets of Karachi, the Pakistani Rupee has seen its latest exchange rates fluctuate against a basket of major global currencies. As of February 27, 2024, the value of the US Dollar in comparison to the Pakistani Rupee was marked at Rs 279.6 for buying and Rs 282.4 for selling in both the local and open markets. 4 It’s important to note that exchange rates can shift depending on various factors including the specific location, and the bank or exchange service you choose to conduct your transactions with. This day’s currency exchange landscape offers a comprehensive view…

In a recent move by the National Electric Power Regulatory Authority (NEPRA), electricity rates in Pakistan have seen an upward adjustment of Rs7.05 per unit. This change, attributed to the fuel cost adjustments for January 2024, was prompted by a request from the Central Power Purchasing Agency (CPPA) for a price increase for that month. This adjustment in the electricity tariff is expected to place an additional financial load of approximately Rs66 billion on the consumers. It’s important to note, however, that this revised rate will not affect K-Electric and lifeline consumers, sparing them from the hike. As a result…

This week kicked off with the Pakistani Rupee making notable advances against the US Dollar, opening at a rate of 280 in the interbank market. Despite maintaining relative stability against the greenback, the Rupee faced challenges in witnessing significant movements, mainly due to a pronounced scarcity in the open market. The blend of ongoing economic and political turmoil, alongside dwindling trader confidence in the current economic milieu, led to the evaporation of the US Dollar supply in today’s trading session. The exchange rate in the interbank market hovered around 280 for most of the day, eventually settling at 279. Meanwhile,…

In a landmark moment for Pakistan, Maryam Nawaz, the Senior Vice President of the Pakistan Muslim League-Nawaz (PML-N), has been elected as the first-ever woman Chief Minister of Punjab, marking a significant stride towards gender equality in the country’s political arena. The historic election took place in Lahore, amidst a boycott from the Sunni Ittehad Council (SIC). The election session, chaired by the newly-elected Speaker of the Punjab Assembly, Malik Ahmad Khan, commenced after a slight delay and was marked by the absence of votes for the SIC candidate, Rana Aftab Ahmed, due to the boycott by his party. As…

On the first business day of the week, gold prices in Pakistan experienced a notable increase, diverging from the trend in the global market. According to information released by the All Sindh Sarafa Jewellers Association, the cost of gold per tola escalated by Rs700, reaching Rs215,800 on Monday. Furthermore, the price for 10 grams of gold rate witnessed a rise of Rs600, settling at Rs185,000, up from the previous rate of Rs184,414. Additionally, the rate for 10 grams of 22-karat gold climbed to Rs169,596, marking an increase from its earlier price of Rs169,046. Metal Unit (PKR) Gold 1 Tola 215,800…

In an uplifting turn of events for the residents of Pakistan, who have been grappling with severe inflation, the cost of petrol is projected to decrease starting March 1, 2024. This anticipated reduction in fuel prices, including both petrol and diesel, is expected to offer some respite to the citizens during the first two weeks of March. Insiders with knowledge of the matter have indicated that this price drop is likely due to a significant decline in global oil prices. This trend is poised to provide a much-needed break for consumers in Pakistan, thanks to the falling prices of petroleum…