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Pakistan’s Gold Market: Up to 90,000 kg Traded Annually—But 90% Remains Undocumented
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Pakistan’s Gold Market: Up to 90,000 kg Traded Annually—But 90% Remains Undocumented

A new study by the Competition Commission of Pakistan (CCP) reveals that Pakistan consumes between 60 and 90 tonnes (≈ 60,000–90,000 kg) of gold annually—equivalent to about US $8–12 billion in value—yet more than 90% of this trade occurs informally. The report notes that about 70% of gold demand stems from weddings and cultural festivities....