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Saad Ali Qureshi launches USPBA Pakistan chapter to promote trade and investment

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LAHORE – The US–Pakistan Business Alliance (USPBA) was successfully launched under Chairman Saad Ali Qureshi, COO of Rustum Associates and Dynamic Constructors. This marks a key advancement in boosting bilateral trade, investment, and economic collaboration between Pakistan and the United States.

The newly formed alliance aims to create a dynamic platform that connects entrepreneurs, investors, industry leaders, and professionals from both countries. By fostering collaboration and building strategic partnerships, the alliance seeks to unlock new opportunities for trade expansion, innovation, and sustainable economic growth.
Addressing the launch ceremony, Chairman Saad Ali Qureshi emphasized the importance of stronger economic ties between Pakistan and the United States. He stated that the US–Pakistan Business Alliance will play a vital role in bridging the gap between the business communities of both nations and facilitating meaningful partnerships.

“The establishment of the US–Pakistan Business Alliance is a major milestone in strengthening commercial relations between Pakistan and the United States. Our mission is to empower entrepreneurs, promote investment opportunities, and create a supportive platform where businesses from both countries can collaborate and grow together,” said Saad Ali Qureshi.

He further added that the alliance will focus on encouraging cross-border investments, supporting startups and emerging businesses, and promoting innovation across various sectors, including technology, manufacturing, trade, and services.

The alliance also plans to organize international business forums, networking events, trade delegations, and policy dialogues aimed at bringing together business leaders, policymakers, and investors. These initiatives will help facilitate knowledge exchange, strengthen economic partnerships, and promote mutual understanding between the private sectors of both countries.

Business leaders, entrepreneurs, and stakeholders welcomed the launch of the alliance and expressed optimism that the platform will open new avenues for cooperation and create long-term opportunities for trade and investment. They noted that such initiatives are essential for building stronger economic bridges and enhancing global business connectivity.

The launch of the US–Pakistan Business Alliance is being viewed as a positive and forward-looking development that will contribute to the expansion of bilateral trade, encourage foreign investment, and strengthen long-term economic collaboration between Pakistan and the United States.

Through its initiatives and partnerships, the alliance aims to become a key platform for promoting business growth, supporting economic diplomacy, and fostering stronger commercial ties between the two nations.

Gold

Today’s gold rates in Pakistan – July 12, 2026

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KARACHI – On July 12, 2026, gold prices in Pakistan increased, following the upward trend in international markets.

According to the Saraffa Association, the price of 24-karat gold per tola increased to Rs 434,500 after a rise of Rs 1500, while the rate for 10 grams was Rs 372,520.

Today’s Gold and Silver Rates in Major Cities
City Gold Rate Silver Rate
Karachi PKR 434,500 PKR 3,830
Lahore PKR 434,550 PKR 3,830
Islamabad PKR 434,600 PKR 3,830
Peshawar PKR 434,650 PKR 3,830
Quetta PKR 434,700 PKR 3,830
Sialkot PKR 434,500 PKR 3,830
Hyderabad PKR 434,500 PKR 3,830
Faisalabad PKR 434,500 PKR 3,830
Multan PKR 434,500 PKR 3,830

Note: It is pertinent to mention here that Upfront News in no way claims these rates to be accurate at all times, as the prices can continuously vary.

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Forex

Today’s currency exchange rates in Pakistan – July 12, 2026

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KARACHI – Foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, Euro, and other currencies in Pakistan open market on July 12, 2026. The US Dollar’s buying rate stands at Rs 279, and the selling rate at Rs 279.15.

Several other currencies, which include the Australian Dollar (AUD), Canadian Dollar (CAD), Chinese Yuan (CNY), Danish Krone (DKK), Japanese Yen (JPY), Kuwaiti Dinar (KWD), Malaysian Ringgit (MYR), New Zealand Dollar (NZD), and Swiss Franc (CHF), showed no significant change in their rates compared to the previous update.

Currency Symbol Buying Selling Charts
🇦🇺 Australian Dollar AUD 193.84 197.25 📊
🇧🇭 Bahrain Dinar BHD 740.61 750.9 📊
🇨🇦 Canadian Dollar CAD 197.27 200.25 📊
🇨🇳 China Yuan CNY 38 38.75 📊
🇩🇰 Danish Krone DKK 42.56 43.25 📊
🇪🇺 Euro EUR 319.42 323.5 📊
🇭🇰 Hong Kong Dollar HKD 35.22 36.23 📊
🇮🇳 Indian Rupee INR 2.8 3.15 📊
🇯🇵 Japanese Yen JPY 1.71 1.81 📊
🇰🇼 Kuwaiti Dinar KWD 889.43 899.9 📊
🇲🇾 Malaysian Ringgit MYR 67.15 67.95 📊
🇳🇿 NewZealand $ NZD 159 160.75 📊
🇳🇴 Norwegian Krone NOK 27.99 28.29 📊
🇴🇲 Omani Riyal OMR 725.35 735.6 📊
🇶🇦 Qatari Riyal QAR 75.34 76.4 📊
🇸🇦 Saudi Riyal SAR 74.55 75.1 📊
🇸🇬 Singapore Dollar SGD 214.18 217.95 📊
🇸🇪 Swedish Korona SEK 28.25 28.9 📊
🇨🇭 Swiss Franc CHF 343.59 348.25 📊
🇹🇭 Thai Bhat THB 8.55 8.8 📊
🇦🇪 U.A.E Dirham AED 76.2 76.9 📊
🇬🇧 UK Pound Sterling GBP 375.06 378.15 📊
🇺🇸 US Dollar USD 279 279.15 📊

 

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Gold

Today’s gold rates in Pakistan – July 11, 2026

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KARACHI – On July 11, 2026, gold prices in Pakistan increased, following the upward trend in international markets.

According to the Saraffa Association, the price of 24-karat gold per tola increased to Rs 434,500 after a rise of Rs 1500, while the rate for 10 grams was Rs 372,520.

Today’s Gold and Silver Rates in Major Cities
City Gold Rate Silver Rate
Karachi PKR 434,500 PKR 3,830
Lahore PKR 434,550 PKR 3,830
Islamabad PKR 434,600 PKR 3,830
Peshawar PKR 434,650 PKR 3,830
Quetta PKR 434,700 PKR 3,830
Sialkot PKR 434,500 PKR 3,830
Hyderabad PKR 434,500 PKR 3,830
Faisalabad PKR 434,500 PKR 3,830
Multan PKR 434,500 PKR 3,830

Note: It is pertinent to mention here that Upfront News in no way claims these rates to be accurate at all times, as the prices can continuously vary.

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