Business Archives - Page 4 of 41

Saudi Riyal to PKR Exchange Rate Today -February 8, 2025

9Feb

By Tahreem AkramNo Comments

Business

Saudi Riyal to PKR Exchange Rate Today -February 8, 2025

Saudi Riyal (SAR) experienced a minor drop in its value against Pakistani Rupee (PKR) in open market on Saturday, 08 February 2025. Buying rate of Riyal decreased by two paisas, settling at Rs74.40, while selling rate also saw a slight decline, reaching Rs74.63. Saudi Riyal, which people abbreviate as SAR, serves as official currency of Saudi Arabia. Currency divides into 100 halalas. As of today, you can exchange 1,000 Saudi Riyals for Rs74,400 in Pakistani Rupees. Saudi Arabia continues to be the largest source of remittances for Pakistan, with millions of Pakistani expatriates working in the Kingdom. These remittances play a vital role in stabilizing Pakistan’s economy and supporting its foreign exchange reserves. Earlier this week, Pakistan and Saudi Arabia strengthened their...

DeepSeek Faces Possible Ban in the US Over Security Concerns

7Feb

By Aqsa AzamNo Comments

Business

DeepSeek Faces Possible Ban in the US Over Security Concerns

DeepSeek, a Chinese AI company, faces increasing scrutiny and potential bans in the US and other countries. It is due to security concerns about its data practices and possible ties to the Chinese government. DeepSeek has not publicly commented on the specific allegations of data sharing with China Mobile. US lawmakers have introduced a bill to ban DeepSeek, a Chinese artificial intelligence program, from government devices due to concerns over data security concerns. The move follows a report suggesting that DeepSeek may secretly transmit user data to a Chinese state-owned company. Representative Josh Gottheimer, a Democrat from New Jersey, and Republican Darin LaHood from Illinois proposed the bill, calling DeepSeek a potential risk to US national security. They claim the AI p...

Man Who Burned Quran Shot Dead in Sweden

30Jan

By Aqsa AzamNo Comments

Business

Man Who Burned Quran Shot Dead in Sweden

Salwan Momika, the individual known for burning the Quran in Sweden in 2023, has been reported dead in a shooting incident. Momika was scheduled to appear in court to face charges related to his Quran burnings. The court date has been postponed due to his death. Salwan Momika is an Iraqi man known for burning the Quran in Sweden. He was shot dead in his apartment in Södertälje, Stockholm, on Wednesday night, according to local reports. Swedish police have arrested five people in connection with the incident. Momika, 38, gained global attention in 2023 after burning copies of Islam’s holy book outside Stockholm Central Mosque, sparking outrage in many Muslim-majority countries. His actions led to protests, diplomatic tensions, and increased security threats in Sweden. Authorities ...

28Jan

By Aqsa AzamNo Comments

Business

Mamta Kulkarni Becomes Hindu Monk

Mamta Kulkarni, the Bollywood actress known for her roles in movies like "Karan Arjun," has embraced a spiritual life and become a Hindu monk. This happened at the Maha Kumbh Mela in Prayagraj in 2025. She has taken the name 'Shree Yamai Mamta Nand Giri'. Former Bollywood actress Mamta Kulkarni is known for her roles in numerous Bollywood movies. She has just embraced a spiritual path, leaving her glamorous career behind. During the ongoing Maha Kumbh 2025 in Prayagraj, she was ordained as a Hindu monk and renamed Mai Mamta Nand Giri, according to Indian media reports. Mamta underwent the sacred sanyas ritual in the Kinnar Akhara, a religious order founded by the transgender community in 2015. As part of the ceremony, she performed the pind daan, a ritual to honor deceased ancestors...

Pakistan’s Inflation Expected to Drop Below 3% in January 2025

24Jan

By Aqsa Azam1 Comment

Business

Pakistan’s Inflation Expected to Drop Below 3% in January 2025

Recent reports suggest that Pakistan's inflation will fall below 3% in January 2025. This significant drop is attributed to various factors, including a high base effect from the previous year. Moreover, the stability of the Pakistani Rupee against the US Dollar, and subdued prices in the food and energy sectors. Pakistan's inflation rate is projected to reach its lowest level in over nine years. It is significantly offering some relief to consumers and businesses. Market analysts predict the Consumer Price Index (CPI)-based inflation could drop below 3% in January 2025, continuing a steady decline. JS Global, a prominent brokerage firm, forecasts inflation at 2.8% for January, marking the lowest rate since November 2015. This significant drop is attributed to a high base effect, de...