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The Pakistani rupee (PKR) closed in green against the US Dollar (USD) for the 70th consecutive day on Wednesday to end 2025.

Meanwhile, it posted gains against most of the other major currencies during today’s session.

The PKR closed at 280.12 after gaining two paisas against the US Dollar today.

Other Currencies

The PKR was green against most of the other major currencies in the interbank market today.

It ended on a positive note for the UAE Dirham (AED) but negative for the Saudi Riyal (SAR).

It gained Rs. 1.27 against GBP and 62 paisas against the Australian Dollar.

The newly established Board of Directors of Telenor Pakistan appointed Awais Vohra as the Acting Chief Executive Officer of the company, Telenor Pakistan, which is now an autonomous subsidiary of Pakistan Telecommunication Company Limited (PTCL) following the completion of all regulatory approvals.

The Board of Directors acknowledged the strategic leadership of Mr. Fridtjof Rusten during a pivotal phase for Telenor Pakistan. His guidance was instrumental in navigating a complex transaction and regulatory process, while safeguarding operational stability, customer trust, and organizational focus.

The development follows the formal acquisition of 100% of the issued share capital of Telenor Pakistan by PTCL. However, in line with regulatory directives, Telenor Pakistan will operate as a separate legal entity alongside Pak Telecom Mobile Limited (PTML), widely known as Ufone 4G, and U Microfinance Bank.

Awais brings over 25 years of leadership experience in telecommunications, with senior roles across Pakistan and Scandinavia. A founding member of Telenor Pakistan’s launch team, he is recognized for fostering a performance-driven culture, leading large-scale digital transformations, and delivering impactful cross-border initiatives. Most recently, as Chief Technology Officer, he has spearheaded network modernization, AI adoption, and strategic technology transformation to enhance customer experience and business performance

PTCL had announced the acquisition of 100 percent of the issued share capital of Telenor Pakistan and Orion Towers (Private) Limited in December 2023. After a comprehensive regulatory review, the CCP granted approval for the acquisition on October 01, 2025, followed by the PTA’s approval on December 05, 2025.

Telenor Pakistan will continue to provide uninterrupted services to its customers nationwide. The company remains committed to a smooth transition and changeover for its customers, ensuring provision of all services without disruption.