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...
On July 19, 2025, Federal Minister for Planning, Development, and Special Initiatives Prof. Ahsan Iqbal called for urgent reforms to revitalize Pakistan’s agricultural sector during a visit to a cotton research farm on Defence Road, Lahore. Highlighting the shortcomings in implementing the 18th Constitutional Amendment, which devolved agriculture to provincial control in 2010, Iqbal expressed...
The European Union (EU) has imposed sanctions on the Vadinar oil refinery in Gujarat, India, as part of its 18th sanctions package over Russia’s ongoing war in Ukraine. The refinery, operated by Nayara Energy and partly owned by Russian state-controlled energy giant Rosneft, which holds a 49.13% stake, has been targeted for its role in...
The Pakistan Petroleum Dealers Association (PPDA) has issued a fresh demand for an immediate increase in fuel profit margins, warning that the survival of petrol pumps across the country is at risk due to rising operational costs and stagnant margins. PPDA Chairman Abdul Sami Khan expressed frustration over the government’s failure to address the issue,...
The Federal Board of Revenue (FBR) has announced a strong crackdown on illegal, counterfeit, and non-Federal Excise Duty (FED) stamped cigarettes across Pakistan, issuing formal orders under Statutory Regulatory Order (SRO) 1279(I)/2025, effective immediately. The directive empowers provincial tax officials to seize illicit cigarettes and aims to curb tax evasion, boost government revenue, and protect...