Pakistan’s meat export sector achieved a groundbreaking milestone as The Organic Meat Company (TOMCL) secured approval to directly supply meat to all Carrefour Supermarkets in the United Arab Emirates. Announced on August 7, 2025, this milestone, reported to the Pakistan Stock Exchange, strengthens Pakistan’s position in global food exports. TOMCL secured the contract with Majid...
On August 6, 2025, Transparency International Pakistan raised an urgent alarm over the soaring prices of medicines, exposing a troubling lack of transparency and weak enforcement of pharmaceutical policies. In a strongly worded letter to Federal Minister for National Health Services Syed Mustafa Kamal, the organization highlighted a staggering 3,000% to 4,000% price disparity for...
The Pakistan Stock Exchange (PSX) achieved a groundbreaking feat, smashing through the 145,000-point barrier for the first time in its history. The benchmark KSE-100 Index surged by 2,078 points, closing at an all-time high of 145,100. Just two days ago, on August 4, the KSE-100 Index crossed 142,000 points, driven by a landmark trade agreement...
U.S. President Donald Trump has lowered Pakistan’s import tariff rate to 19% from 29%, effective August 7, 2025, following a trade agreement finalized on July 31. The decision, announced via an executive order, comes a day after Trump hailed a “landmark energy partnership” with Pakistan to develop its oil reserves, signaling a new chapter in...
Gold prices across Pakistan saw a modest decline today, offering a small reprieve for buyers. The price of 24-carat gold per tola dropped by Rs. 100, settling at Rs. 352,900. Similarly, 10 grams of 24-carat gold fell by Rs. 86, now priced at Rs. 302,555. The price of 22-carat gold per tola also decreased by...
Petrol users can breathe a sigh of relief as the price per liter drops by Rs. 7.54, bringing it to Rs. 264.61. On July 31, 2025, Pakistan’s federal government rolled out the new revision in petroleum product prices, effective from August 1, 2025, to August 15, 2025. On the other hand, high-speed diesel (HSD) sees...
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...