Pakistan has been importing solar panels at an unprecedented rate, driven by skyrocketing electricity prices. Last year, the country imported 17 gigawatts of solar panels—far more than its estimated demand of 7-8 gigawatts. Most of these panels come from China, accounting for 13 gigawatts of the total imports. Experts say the surge in solar adoption […]
Will China-US trade war make solar panels cheaper in Pakistan? Read More »
Gold prices further declined on Monday in both international and local markets in Pakistan, as technical corrections and profit-taking activities reversed the recent upward trend in bullion rates. In Pakistan’s local market, the price of 24-carat gold dropped by Rs1,600 per tola, settling at Rs347,100. Likewise, the price of 10 grams of gold fell
Gold prices drop further in Pakistan, check new rates here Read More »
The Pakistan Business Forum (PBF) has announced a complete trade boycott with India at all levels. Chief Organiser Ahmed Jawad stated that Pakistan’s business community stands shoulder to shoulder with the armed forces and is ready to make any sacrifice in the national interest. According to the PBF, India stands to suffer a financial
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WASHINGTON: Pakistan has requested China to expand its existing currency swap agreement by an additional 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb revealed. He also indicated that Pakistan plans to launch a Panda bond by the end of the year. Speaking to Reuters during the IMF and World Bank Group spring meetings in
Pakistan requests extra 10b yuan on China swap line: Finance Minister Read More »
Gold prices witnessed a sharp decline both globally and in Pakistan on Friday, reversing the upward trend observed in recent weeks. This correction halted the consistent record highs seen in the global and local markets. In the international bullion market, gold dropped by 33 per ounce, bringing the price down to3,305. This global dip
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Pakistan’s foreign exchange reserves dropped by $367 million to $15.43 billion after the country repaid $367 million in foreign debt, according to the State Bank of Pakistan (SBP). As of April 18, the central bank’s reserves stood at $10.20 billion, while commercial banks held $5.23 billion. On the economic front, banking data for March showed
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Gold prices in Pakistan dropped sharply on Wednesday, with the rate per tola falling by Rs 11,700 to settle at Rs 352,000, according to the Sindh Sarafa Bazaar Jewelers Association. The price of 10 grams of gold also decreased by Rs 10,031, reaching Rs 31,783. This decline follows two consecutive days of increases: gold had
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After a consecutive rise, the price of 24 karat gold per tola experienced a significant drop of Rs. 11,700 on Wednesday, bringing it down to Rs. 352,000 from Rs. 363,700 reported on the previous trading day, according to the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price for 10 grams of 24
After consecutive rise, gold prices drop by Rs 11,700 per tola Read More »
Gold prices have increased substantially in both the local and international markets, placing significant financial strain on jewellery buyers. In Pakistan, the price of gold rose by Rs5,059 per 10 grams and Rs5,900 per tola. As a result, the price of 10 grams of gold has reached Rs311,814, while one tola now costs Rs363,700.
Gold prices soar to record high in Pakistan amid ongoing surge Read More »
Prices of solar panels, UPS systems, and batteries in Pakistan have seen a major decline this month, providing relief to consumers. Market reports show that lithium battery prices have dropped by Rs 20,000, falling from Rs 400,000 to Rs 380,000. Similarly, tubular batteries have become cheaper by Rs 15,000, now priced at Rs 55,000 compared to last month’s Rs 70,000. Additionally, solar panel prices have decreased to Rs
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