Xiaomi is all set to expand its popular Redmi lineup with the official launch of the Redmi Turbo 4 Pro on Thursday, April 24. This new smartphone builds upon the success of the original Turbo 4, which debuted in January, and promises enhanced performance and features, making it one of the most anticipated releases of the month.
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Vivo T4 Officially Gets Snapdragon 7s Gen 3
Tech giant Vivo has officially confirmed that its upcoming smartphone, the Vivo T4, will be powered by the Snapdragon 7s Gen 3 chipset. Scheduled for launch on April 22, the Vivo T4 has been generating buzz for weeks, and the confirmation puts to rest speculation surrounding its core specifications.
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Pakistan, UAE Ink Multiple MoUs to Deepen Bilateral Cooperation
Islamabad, April 21, 2025 – Pakistan and the United Arab Emirates (UAE) signed a series of Memoranda of Understanding (MoUs) on Monday, covering key areas such as culture, trade, and consular affairs. These agreements reflect the growing partnership and mutual trust between the two brotherly nations.
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Mohtasib Provides Rs1.65 Billion Record Relief to Banking Clients
KARACHI: April 21, 2025 – The Banking Mohtasib Pakistan (BMP) provided monetary relief worth Rs1.65 billion to banking customers in 2024 by resolving 27,753 complaints against commercial banks, marking a significant increase from Rs1.26 billion in relief extended in 2023 through 25,493 resolved cases.
At a press conference in Karachi, Banking Mohtasib Sirajuddin Aziz presented the BMP’s Annual Report for 2024 and highlighted key achievements. Including carry-over cases from 2023, a total of 41,546 complaints were handled during the year. Out of these, 24,498 complaints were amicably settled through reconciliation. Additionally, 1,330 complaints (5%) were resolved after formal hearings conducted across the country—including in Mirpur (AJK), where BMP has no permanent office—while 1,925 cases (7%) were dismissed due to jurisdiction issues, frivolous content, or incomplete information.
Since its inception in 2005, the Banking Mohtasib has facilitated around Rs8 billion in relief to banking customers nationwide. According to the report, public complaints increased by 6% in 2024 compared to the previous year, largely due to the rising use of digital platforms and mobile apps, which has unfortunately led to a spike in cyber fraud and account-related disputes.
Of the total complaints, 7,193 were routed through the Prime Minister’s Portal. Aziz noted that an influx of 3,283 complaints during the last 45 days of 2024 contributed to a backlog now carried into 2025.
The Banking Mohtasib stressed that while banks have attempted to educate customers via media campaigns about online safety and fraud prevention, these efforts have fallen short. He emphasized the urgent need to spread awareness in rural areas and recommended delivering these messages in regional languages to ensure maximum impact.
Aziz also highlighted that newly launched digital banks now fall under the Banking Mohtasib’s jurisdiction, necessitating more staff trained in fintech operations and technology.
The Banking Mohtasib’s Annual Report was formally submitted to the Governor of the State Bank of Pakistan on March 27, 2025, in compliance with statutory requirements.
He concluded by acknowledging the media’s continued support in raising awareness about banking grievances and strengthening consumer protection across the financial sector.
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KSE-100 Gains 1,068 Points Amid Corporate Optimism
Karachi, April 21, 2025 – The Pakistan Stock Exchange (PSX) witnessed a powerful rally on Monday, with the benchmark KSE-100 index climbing 1,068 points, fueled by robust corporate earnings that exceeded market expectations.
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PKR vs USD: Rupee Slides Against Dollar Amid Global Uncertainty
Karachi, April 21, 2025 – The Pakistani rupee on Monday weakened by 15 paisas against the US dollar, reflecting mounting pressure from persistent global economic uncertainty, particularly driven by intensifying tariff disputes.
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SBP Releases Foreign Currency Rates for April 21, 2025
On April 21, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
The SBP’s foreign exchange rates are more than mere conversion figures. They serve as crucial indicators that guide businesses and individuals engaged in international financial activities. By providing a reliable benchmark, these rates ensure a structured and transparent approach to cross-border dealings, fostering confidence among stakeholders.
According to the SBP, the buying and selling rates for prominent foreign currencies in Pakistani Rupees (PKR) as of April 21, 2025, are presented below:
CURRENCY BUYING SELLING AED (UAE Dirham) 76.4130 76.5214 AUD (Australian Dollar) 180.1499 180.4401 CAD (Canadian Dollar) 203.3887 203.6965 CHF (Swiss Franc) 347.0763 347.6299 CNY (Chinese Yuan) 38.5180 38.5685 EUR (Euro) 323.2811 323.7816 GBP (British Pound) 375.6219 376.2206 JPY (Japanese Yen) 1.9938 1.9969 SAR (Saudi Riyal) 74.8036 74.9153 USD (US Dollar) 280.6634 281.0953 Foreign exchange rates are dynamic and subject to market fluctuations. Therefore, individuals and businesses are encouraged to consult the latest SBP rates or verify with their financial institutions to obtain the most accurate figures for their transactions. The SBP’s consistent updates enhance transparency and provide a robust framework for international financial dealings.
These rates, published by the SBP, offer a snapshot of the current foreign exchange market, reflecting prevailing economic conditions. They are utilized by commercial banks to determine the rates offered to their customers for foreign currency transactions, underscoring their critical role in facilitating international trade and investment.
The SBP’s transparency in disclosing these customer forex rates is a testament to its commitment to fostering economic stability. By enabling informed decision-making, the SBP supports businesses and individuals in managing their financial strategies effectively.
In an increasingly interconnected global economy, the SBP’s foreign exchange rates play a pivotal role in maintaining market equilibrium. They not only facilitate trade and investment but also contribute to the broader objective of economic resilience and stability. As markets continue to evolve, the SBP’s role remains indispensable in shaping the dynamics of foreign exchange in Pakistan.
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Historic Gold Price Spike Hits Pakistan, Global Markets
Karachi, April 21, 2025 – Gold prices surged to new historic highs on Monday, reaching unprecedented levels in both Pakistan and the global markets. This sharp rise comes amid heightened volatility in international commodity trading and ongoing economic uncertainty.
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Taxpayers and Concealment: Proving Intentional Misreporting
Concealment of income is a serious matter in the realm of tax law, and it can lead to severe consequences if proven for taxpayers.
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Pakistan’s April Inflation Expected to Fall Below 0.5%: Report
Karachi, April 21, 2025 – A recent report from Topline Securities Limited suggests that Pakistan’s inflation rate for April 2025, based on the Consumer Price Index (CPI), is likely to fall below 0.5%.
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