Category: bussines

Gold prices in Pakistan rose for the second consecutive day on Tuesday, in line with investors rush to safe-haven assets in international markets, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The per tola (11.7 grammes) rate increased by Rs4,800 to hit Rs306,300, while 10-gramme gold climbed Rs4,115 to settle at Rs262,602. Meanwhile, 22-karat gold hit Rs240,727 per 10 grammes after gaining Rs3,772. Silver, too, joined the rally, with per tola prices increasing by Rs45 to Rs3,315, while 10-gramme rates edged up by Rs39 to Rs2,842,…

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Gold prices in Pakistan rose for the second consecutive day on Tuesday, in line with investors rush to safe-haven assets in international markets, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The per tola (11.7 grammes) rate increased by Rs4,800 to hit Rs306,300, while 10-gramme gold climbed Rs4,115 to settle at Rs262,602. Meanwhile, 22-karat gold hit Rs240,727 per 10 grammes after gaining Rs3,772. Silver, too, joined the rally, with per tola prices increasing by Rs45 to Rs3,315, while 10-gramme rates edged up by Rs39 to Rs2,842,…

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Finance Minister Muhammad Aurangzeb has said Pakistan is “well positioned” for the first review of its $7 billion International Monetary Fund bailout programme as talks with the global lender commenced. Islamabad secured the $7 billion Extended Fund Facility (EFF) last summer to help claw its way out of an economic crisis. The programme has played a key role in stabilising Pakistan’s economy and the government has said the country is on course for a long-term recovery. “They are here. We will have two rounds of talks, first technical and then…

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The stock market staged a recovery on Tuesday, as investors assessed fresh economic data and positioned themselves ahead of crucial monetary policy decisions. Despite the recovery, trading remained constrained within a narrow range, with low volumes signaling persistent caution as market participants awaited key economic developments. The Pakistan Stock Exchange’s (PSX) KSE-100 Index closed at 112,743.79 points, posting a gain of 756.91 points, or 0.68%, recovering from Monday’s sharp decline. The benchmark index touched an intraday high of 112,877.01 points, while the lowest level was recorded at 111,717.17 points. Market…

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WASHINGTON: Escalating its trade war with multiple countries, President Donald Trump’s administration on Tuesday announced additional tariffs on imports from China, Canada and Mexico, sparking swift retaliation from Beijing and Ottawa. Steep US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Trump’s levies passed without the nations striking a deal, in a move set to snarl supply chains. Trump had unveiled — and then paused — blanket tariffs on imports from major trading partners Canada and Mexico in February, accusing them of failing…

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Gold prices in Pakistan edged up on Monday as international markets bounced back, data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) showed. The price of per tola (11.7 grammes) of gold increased by Rs1,500 to Rs301,500, while 10-gramme rates edged up by Rs1,286 to Rs258,487. Silver prices ticked up by Rs30 to reach Rs3,270 per tola and Rs26 to settle at Rs2,803 per 10 grammes, according to the association of dealers. Bullion in the global markets gained on Monday, following a more than three-week low in the…

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Following successful negotiations with the federal government on the deregulation policy, the All Pakistan Petroleum Dealers Asso­c­iation (APPDA) on Monday took back its strike call for March 4 (tomorrow). Following their negotiation with Petroleum Minister Dr Musadik Malik, a spokesperson for the APPDA announced: “Petroleum dealers have taken back their strike call for tomorrow.” Sources privy to the matter said that both sides agreed that the dealers’ association would be taken on board over the deregulation process of the petroleum sector. Sponsored Content Doctor Reveals: Belly Fat Isn’t Caused by…

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ISLAMABAD: Pakistan’s inflation rate saw a sharp decline in February 2025, dropping to 1.5% year-on-year (YoY), the lowest since September 2015, as per data from the Pakistan Bureau of Statistics (PBS). The inflation rate in January 2025 stood at 2.4%, meaning a month-on-month decrease of 0.9% was observed in February. On a cumulative basis, the average inflation rate for the first eight months of the fiscal year (July to February) stood at 5.85%, a sharp contrast to 27.96% recorded in the same period last year. Sponsored Content Cardiologist Warns: This…

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The Sui Southern Gas Company (SSGC) announced on Monday that it convened urgent meetings at both the ministerial and secretary levels, involving managing directors and senior officials from SSGC companies, following complaints regarding gas supply disruptions. The company said in a statement that Prime Minister Shehbaz Sharif took immediate notice of complaints on Sunday regarding gas supply to domestic customers during Sehri and Iftar preparations. Responding to domestic customer complaints, and directives of the premier to address these complaints regarding ensuring the provision of gas during Sehri and Iftar times,…

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Bitcoin surged over 20% on Monday, following a declaration by United States President Donald Trump regarding his plans for a new US strategic reserve of digital currencies. In a post on Truth Social, Trump revealed that his January executive order would would create a stockpile of currencies including bitcoin, ether, XRP, solana and cardano — names that had not been previously announced. Bitcoin and ether will be at the heart of this reserve, he posted on Sunday. Sponsored Content New Cadillac Lyriq For Senior Amazes – See Prices HereNew Cadillac…

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