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Sonraj Group honors its legacy while shaping the future of luxury in Pakistan

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KARACHI – Sonraj Group, Pakistan’s premier luxury retail and watchmaking house, hosted its third annual year-end breakfast in Karachi, uniting team members from across the country, former colleagues, senior business professionals, banking sector members, industry partners, and distinguished guests.

The official event celebrating a year of transformation, revival, and renewed commitment to the values that define Sonraj commenced with the recitation of the Holy Quran, followed by the national anthem. Renowned showbiz personality Mr. Behroze Sabzwari formally opened the proceedings by introducing Sonraj’s Chief Executive Officer, Mr. Rameez Sattar, and spoke about their decades-long association while commending Sonraj’s remarkable journey.

He highlighted the company’s resilience, strong teamwork, and the respect it commands both locally and internationally. He also acknowledged Sonraj’s role in bringing leading global watch brands to Pakistan while maintaining credibility, consistency, and ethical standards through challenging times. Mr. Sabzwari concluded his remarks by inviting Mr. Rameez Sattar to the stage, describing him as the driving force behind Sonraj’s journey and success, prompting a standing ovation from the audience.

In his keynote address, Mr. Rameez Sattar reflected on Sonraj’s evolution, rooted in the vision of its founder and his father, Mr. Abdul Sattar Memon. He emphasized the company’s commitment to trust, ethics, craftsmanship, and long-term relationships.

He spoke about Sonraj’s growth from a single-person operation into a professionally managed family enterprise, supported by strong leadership across retail, distribution, human resources, marketing, and creative functions. He acknowledged the contributions of his brother Shakeeb Sattar, his sons Arbaaz and Maaz, and long-time associates including Umair Abbasi, Raman Sidhu, Tommy Lau, Mark Izatt, and Pir Ijlal.

Highlighting key milestones from the past year, Mr. Sattar shared updates on the launch of Sonraj’s luxury promenade at Dolmen Mall Karachi, the expansion of Gharyal.com, and the development of new verticals across watches, fragrances, eyewear, and pre-owned timepieces.

He also underscored Sonraj’s continued focus on youth training and skills development, including the revival of professional watchmaking heritage in Pakistan through Sonraj’s internal training center, led by experts including Aslam Sultan, Amjad Sahib, and Arif Sahib, as well as the training of the country’s first female watchmaker of the present time, Saira Akram.

“Sonraj is not just a company – it is a legacy,” expressed Mr. Rameez Sattar, “with our brands, our youth initiatives, our revival of professional watchmaking, and our new projects, we are laying the foundation for a future where Pakistan stands proudly in the global luxury industry. From day one, Sonraj has remained firmly committed to representing only those brands for which it holds official authorization – a principle that reflects our unwavering focus on trust, transparency, and long-term credibility.”

Lastly, Mr. Sattar highlighted his deep emotional connection to Karachi, emphasizing the belief that the city’s heritage is one of its greatest assets, and that is the reason Sonraj is now developing a heritage site on Zaibunnisa Street into a concept store, a project of profound personal significance that represents a return to the company’s roots and a reconnection with the true spirit of Saddar through culture, memory, art, and craftsmanship.

He expressed hope that the space will help revive the essence of Karachi as it once was – familiar, honest, and human – serving as a place where history and luxury meet, standing as a tribute to the city and to the values that define Sonraj.

Speaking on the occasion, Sonraj’s Creative Director, Mr. Hasnain Lehri, talked about Sonraj’s global recognition and standing as the strength of its teams, and the company’s commitment to inclusion, particularly the increasing participation of women across sales and creative roles. He credited the leadership’s hands-on approach for fostering a culture that continues to nurture talent and ambition.

Sonraj Group recognized its star team members and partners for their contributions and awarded them during the event for being an integral part of their journey. The event concluded with remarks from Chief Operating Officer Mr. Ali Naveed Akbar, who outlined Sonraj’s future direction, emphasizing the responsibility of safeguarding the company’s legacy while building careers, skills, and pride through ethical business practices.

Gold

Today’s gold rates in Pakistan – July 24, 2026

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KARACHI – On July 24, 2026, gold prices in Pakistan decreased, following the downward trend in international markets.

According to the Saraffa Association, the price of 24-karat gold per tola decreased to Rs 429,200 after a fall of Rs 2800, while the rate for 10 grams was Rs 367,980.

Today’s Gold and Silver Rates in Major Cities
City Gold Rate Silver Rate
Karachi PKR 429,200 PKR 3,830
Lahore PKR 429,250 PKR 3,830
Islamabad PKR 429,300 PKR 3,830
Peshawar PKR 429,350 PKR 3,830
Quetta PKR 429,400 PKR 3,830
Sialkot PKR 429,000 PKR 3,830
Hyderabad PKR 429,000 PKR 3,830
Faisalabad PKR 429,000 PKR 3,830
Multan PKR 429,000 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 24, 2026

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KARACHI – Foreign currency exchange rates for the US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, Euro, and other currencies in the Pakistan open market on July 24, 2026. The US Dollar’s buying rate stands at Rs 278.85, and the selling rate at Rs 278.95.

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 📊
🇦🇺 Australian Dollar AUD 194.44 198.25 📊
🇧🇭 Bahrain Dinar BHD 742.21 752.68 📊
🇨🇦 Canadian Dollar CAD 198.14 201.93 📊
🇨🇳 China Yuan CNY 38.17 38.92 📊
🇩🇰 Danish Krone DKK 42.70 43.37 📊
🇪🇺 Euro EUR 318.99 322.68 📊
🇭🇰 Hong Kong Dollar HKD 35.26 36.26 📊
🇮🇳 Indian Rupee INR 2.75 3.20 📊
🇯🇵 Japanese Yen JPY 1.70 1.80 📊
🇰🇼 Kuwaiti Dinar KWD 891.24 901.75 📊
🇲🇾 Malaysian Ringgit MYR 67.00 68.15 📊
🇳🇿 New Zealand Dollar NZD 160.46 163.25 📊
🇳🇴 Norwegian Krone NOK 28.15 28.50 📊
🇴🇲 Omani Riyal OMR 726.85 737.00 📊
🇶🇦 Qatari Riyal QAR 75.94 75.35 📊
🇸🇦 Saudi Riyal SAR 74.69 75.35 📊
🇸🇬 Singapore Dollar SGD 215.43 219.25 📊
🇸🇪 Swedish Krona SEK 28.38 28.97 📊
🇨🇭 Swiss Franc CHF 340.92 344.37 📊
🇹🇭 Thai Baht THB 8.55 8.90 📊
🇦🇪 U.A.E Dirham AED 76.45 76.95 📊
🇬🇧 UK Pound Sterling GBP 373.28 377.95 📊
🇺🇸 US Dollar USD 278.85 278.95 📊

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Gold

Today’s gold rates in Pakistan – July 23, 2026

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KARACHI – On July 23, 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 432,000 after a rise of Rs 5000, while the rate for 10 grams was Rs 370,380.

Today’s Gold and Silver Rates in Major Cities
City Gold Rate Silver Rate
Karachi PKR 432,000 PKR 3,830
Lahore PKR 432,050 PKR 3,830
Islamabad PKR 432,100 PKR 3,830
Peshawar PKR 432,150 PKR 3,830
Quetta PKR 432,200 PKR 3,830
Sialkot PKR 432,000 PKR 3,830
Hyderabad PKR 432,000 PKR 3,830
Faisalabad PKR 432,000 PKR 3,830
Multan PKR 432,000 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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