The Federal Investigation Agency (FIA) Lahore Zone carried out a major operation resulting in the arrest of a suspect involved in producing and distributing counterfeit Pakistani currency. The suspect, identified as Waleed Hashmi, was apprehended from Bahria Town, Lahore, during a raid while actively engaged in the production of fake currency notes. During the operation, […]
currency
Karachi man robbed of $850,000 digital currency
A man in Karachi has alleged that digital currency worth $850,000 was stolen from his account after his mobile device was snatched at the city’s airport last month. The incident reportedly took place on September 30, when the victim, Faiz Yab, a resident of Keamari, was travelling to Peshawar. According to the complaint filed in […]
UAE Dirham Slightly Drops to 76.53 PKR, Benefits Pakistani Expats
ISLAMABAD – The UAE Dirham (AED) fell slightly to 76.53 PKR on October 16, 2025, down 0.02 PKR from yesterday’s 76.55 PKR, according to financial sources. The Dirham’s value is tied to the US Dollar at 3.6725 AED per USD, while the Pakistani Rupee (PKR) floats freely, influenced by trade, foreign reserves, inflation, and market […]
British pound fiasco boosts bitcoin’s hedge appeal
British pound fiasco boosts bitcoin’s hedge appeal. As a developed nation, you know your currency‘s in a spot of bother when investors start to hedge with bitcoin. After Britain’s brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and […]
Independence day: State Bank of Pakistan officially unveils Rs. 75 commemorative note
Pakistan is celebrating its 75 year of independence, and the State Bank of Pakistan has released a commemorative banknote worth 75 rupees to mark the nation’s diamond jubilee. “The note will be available for public issuance from 30th September 2022,” The central bank tweeted. 1/2 #SBP unveils the design of Rs.75 commemorative banknote being issued […]
Currency rates of NBP
Currency rates of NBP KARACHI, Mar 16 (APP):Following are the selling/buying rates of major currencies issued by the National Bank of Pakistan (NBP), here on Wednesday. CURRENCY SELLING BUYING USD 181.50 […]
Rupee hits new high
The rupee rose to its highest in more than a month on Wednesday, boosted by foreign inflows, and dealers said they expected the domestic currency to appreciate further in the coming days due to improved supplies and positive sentiment. In the interbank market, the rupee closed at 169.97 per dollar, its strongest since September 27 […]
Zimbabwe’s new biggest banknote is worth just $0.60
Zimbabwe’s central bank on Tuesday announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around $0.60 in US currency. Insufficient to pay even for a loaf of bread, the bill’s entry into circulation has revived memories of hyperinflation seen more than a decade ago in the southern African nation. As […]
Rupee gains 06 paisas against dollar
ISLAMABAD: The exchange rate of Pakistan rupee strengthened by 06 paisas against the US dollar in the interbank trading on Friday and closed at Rs 157.61 as compared to the previous day’s closing of Rs 157.67. According to Forex Association of Pakistan (FAP), the buying and selling rates of dollar in the open market were […]
Managing Voter Expectations
A friend and I have a regular habit of discussing public policy in Pakistan. We are no experts on many policy topics, but we share our opinions on government policies with utmost confidence. That, of course, does not mean that we are right. Naturally, Asad Umar’s resignation was a hot topic for us this recently. […]