Gold prices in Pakistan soared to an all-time high on Tuesday, with the price per tola rising by Rs2,550 to reach Rs317,350. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold also increased by Rs2,186, settling at Rs272,076. This follows Monday’s record-breaking rise of Rs1,100 per tola. Globally, gold prices climbed by 25to25to3,022 […]
Gold prices hit record highs in Pakistan Read More »
ISLAMABAD: Pakistan and the International Monetary Fund held positive discussions to review a $7 billion loan program, the IMF said. Talks focused on energy, health, education, social security, economic growth, and climate financing. The IMF confirmed Pakistan has implemented strict economic measures, including reducing government debt, curbing inflation, and reforming electricity generation costs. Progress was
Pakistan & IMF progress on $7B loan deal Read More »
ISLAMABAD: The surge in sugar prices continues for the fifteenth consecutive week, reaching a record Rs180 per kg in major cities. Consumers face increasing financial pressure, especially during Ramazan. The Pakistan Bureau of Statistics (PBS) reported a rise of Rs14.22 per kg. The highest prices are in Rawalpindi, Islamabad, and Karachi. In Quetta, Gujranwala, Sialkot,
Sugar prices hit record high despite surplus stock Read More »
ISLAMABAD: Pakistan’s foreign exchange reserves climbed to 15.93 billion as of March 7, 2025, marking a 55 million increase from the previous week, according to the State Bank of Pakistan (SBP). The rise was driven by a significant boost in reserves held by commercial banks, which offset a decline in the central bank’s reserves due to
Pakistan foreign exchange reserves climbed to 15.93 billion ,SBP Read More »
EU Ambassador Dr. Riina Kionka met with Pakistan’s Finance Minister Senator Muhammad Aurangzeb on Friday to discuss strengthening business and investment ties. Kionka highlighted over 300 European companies operating in Pakistan and invited Aurangzeb to an EU-hosted business forum in Islamabad in May 2025. Aurangzeb welcomed the initiative, pledging support for EU businesses and ensuring
EU mission to host business, investment forum in Pakistan this year Read More »
Pakistan has officially established the Pakistan Crypto Council, with Federal Finance Minister Muhammad Aurangzeb appointed as its head. Bilal bin Saqib will serve as the CEO. The council includes top officials like the State Bank Governor and SECP Chairman. The government is actively promoting the crypto ecosystem, aiming to position Pakistan as a leader in
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ISLAMABAD: As today marks the final round of talks between Pakistan and the International Monetary Fund (IMF) to finalize initial proposals, sources say the global lender is satisfied with Islamabad’s economic performance. Pakistan held productive discussions with the IMF, achieving most of the agreed economic targets. The country’s economic team briefed the IMF mission and
IMF demands end to EV and solar tax concessions Read More »
ISLAMABAD: Prime Minister Shehbaz Sharif-led coalition government has approved 28 billion-dollar strategic projects under the Special Investment Facilitation Council (SIFC). These projects aim to drive economic stability and attract foreign investment. As per details, Pakistan plans to invite 23 countries, including Saudi Arabia, UAE, Qatar, and Bahrain, to invest in these projects. Key projects under
Govt approves 28 mega projects under SIFC to attract foreign investment Read More »
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves fell by 152 million in the week ending March 7, dropping to 11.1 billion. According to the central bank’s latest data, this marks the lowest level in five years. The decline was attributed to the repayment of foreign loans. Also read: SBP announces bank closures for
SBP-held foreign exchange reserves fall to 5-month low Read More »
Gold prices have continued to rise, marking another significant increase. The price of gold per tola has gone up by Rs 2,800, reaching a new high of Rs 3,09,300. Similarly, the price of 10 grams of gold has increased by Rs 2,400, now valued at Rs 2,65,174. In the global market, the price of gold
Gold prices soar Rs2,800 per tola Read More »
