The federal government has ordered the closure of all Utility Stores Corporation (USC) outlets across Pakistan, ending a 54-year-old state-run retail chain that provided affordable essentials to millions of low-income households. The decision, finalized on July 31, 2025, has left over 11,000 employees jobless, sparking widespread concern about economic fallout and worker welfare. The Ministry...
Gold prices declined significantly in both local and international markets, reflecting shifts in global economic conditions. In Pakistan, the price of 24-karat gold per tola fell by Rs 2,000, settling at Rs 353,000. The price of 10 grams of 24-karat gold also dropped by Rs 1,714, now standing at Rs 302,641. Globally, the spot price...
The US dollar weakened slightly against the Pakistani rupee in the interbank market, dropping by 8 paisas, according to the State Bank of Pakistan (SBP). The dollar closed at Rs 282.87, down from Rs 282.95 the previous day, reflecting a minor fluctuation in the currency’s value. This small decline aligns with recent trends reported by...
Gold prices in Pakistan saw a minor decline on July 28, 2025, aligning with a slight drop in the international market. The price of 24-karat gold per tola fell by Rs. 100, reaching Rs. 356,300. Similarly, 10 grams of 24-karat gold decreased by Rs. 85, settling at Rs. 305,470. In the global market, the price...
Gold prices continued their downward trend in both global and local markets, providing a breather for buyers in Pakistan amid fluctuating economic conditions. 24-carat gold per tola fell by PKR 300, settling at PKR 356,400. Similarly, the price of 10 grams of 24-carat gold decreased by PKR 257, reaching PKR 305,555. In the international market,...
On July 25, 2025, gold prices in Pakistan dropped sharply, reflecting a decline in the global market. 24-carat gold per tola fell by Rs 2,300, reaching Rs 356,700, while 10 grams of 24-carat gold decreased by Rs 1,972, now priced at Rs 305,812. Globally, gold prices slipped by $23 per ounce to $3,340, according to...
Following the Sindh Government’s decisive crackdown on sugar prices, the commodity became cheaper by Rs 9 per kilogram within five days in Karachi’s wholesale markets. As of July 25, 2025, wholesale sugar prices have dropped from Rs 179 to Rs 171 per kilogram, easing the financial strain on Karachi’s residents amid rising inflation. Abdul Rauf...
On July 22, 2025, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s commitment to creating a safe and business-friendly environment for Chinese nationals, emphasizing their critical role in the country’s economic future. Chairing a high-level meeting in Islamabad focused on security arrangements for Chinese citizens, the Prime Minister outlined ongoing efforts to bolster their protection nationwide. “The...
After years of disputes, K-Electric, Karachi’s primary electricity provider, has begun clearing outstanding dues owed to the Sindh government, specifically related to electricity duty. The company has already paid over PKR 1.25 billion in two installments as part of an agreement to settle a total of PKR 9.142 billion out of the PKR 32 billion...
Gold prices in Pakistan have witnessed a significant increase, reflecting trends in the international market. The price of 24-carat gold per tola rose by PKR 3,600, reaching a record high of PKR 361,200. Similarly, the price of 10 grams of gold surged by PKR 3,087, climbing to PKR 309,671. In the global market, the price...