On July 2, 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.
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Pakistan’s trade deficit soars to over $26 billion in FY 2024-25
Islamabad, July 2, 2025 – Pakistan’s trade deficit surged to $26.27 billion in the fiscal year 2024-25, marking a significant 9% increase compared to the previous year, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.
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Smith Poised for Australia Return in Crucial West Indies Test
Australia is set to welcome back star batsman Steve Smith for the second Test against the West Indies, starting Thursday at the National Cricket Stadium in Grenada.
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Cloudy Weather Forecast in Karachi – July 2, 2025 Update
Karachi, July 2, 2025 – Karachi is expected to remain under the spell of cloudy weather over the next three days, with intermittent sunshine and breezy afternoons creating a mix of conditions for residents of Pakistan’s largest city.
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Pakistan Shaheens Head Back to Darwin for Top End T20 Series
Pakistan Shaheens are set to return to Darwin, Australia, for their third consecutive participation in the Top End T20 Series, as confirmed by the Pakistan Cricket Board (PCB) on Tuesday.
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Dortmund Marches to Club World Cup Quarters With 2-1 Win
Borussia Dortmund advanced to the FIFA Club World Cup quarterfinals with a hard-fought 2-1 win over Mexican side Monterrey.
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Port Qasim Shipping Operations Report – July 2, 2025
Karachi, July 2, 2025 – The Port Qasim Authority (PQA) has released its daily shipping operations report for Wednesday, July 2, 2025, offering crucial updates on vessel movements, berthing activity, and cargo handling at the port.
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Wimbledon Day 3: British Stars Eye Historic Centre Court Upsets
As Wimbledon Day 3 unfolds, excitement continues to build at the All England Club. Fans and analysts alike are wondering whether underdogs can stage major upsets or if the top seeds will maintain their dominance.
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KIA Pakistan Hikes Car Prices by Up to Rs 700,000 from July 1
KIA Pakistan has increased the prices of its vehicle lineup in Pakistan, with effect from July 1, 2025. The company attributes the price hike to several economic challenges, including the NEV Levy imposed in the Federal Budget, currency depreciation, and rising international freight costs. The new prices reflect increases of up to Rs 700,000.
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Petroleum smuggling into Pakistan drops amid Iran-Israel conflict
Karachi, July 2, 2025 – Petroleum product sales in Pakistan surged by 8% year-on-year (YoY) in June 2025, driven primarily by a significant decline in cross-border smuggling amid heightened geopolitical tensions between Iran and Israel.
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