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Pakistan sees big drop in LPG rates

  • 2 min
Pakistan's Oil and Gas Regulatory Authority has reduced Liquefied Petroleum Gas (LPG) rates by Rs70 to Rs180 per kilogram, effective immediately. Petrol prices are expected to decrease by Rs 5 and diesel by Rs 4 per liter from June 1, pending approval from the Ministry of Finance.
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Inflation rate to drop further in Pakistan

  • 2 min
The Ministry of Finance's monthly economic report forecasts a further decrease in Pakistan's inflation rate, which is anticipated to range between 13.5% and 14.5% in May. The report highlights ongoing negotiations with the IMF for a new loan program, emphasizing its importance for stable policies and increased investment. Additionally, the report notes a 6.25% increase in agricultural production and emphasizes the importance of consistent policies for economic stability. Weekly inflation, as measured by the Sensitive Price Indicator, has seen a sixth consecutive decrease, with price fluctuations observed across various items.
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Gold rates see major drop in Pakistan

  • 2 min
Gold prices in Pakistan continue to decline, with the per tola price at Rs242,000 after a Rs6,200 drop, and the 10-gram gold at Rs207476 following a decrease of Rs5,315, as reported by the Sarafa Association. International market gold price also decreased to $2355 from $2,415. Silver remained constant at Rs2,850 per tola.
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Gold rates drop in Pakistan

  • 2 min
Gold rates in Pakistan dropped on May 17, 2024. The per tola rate of 24 karat gold decreased by Rs 600, selling at Rs 245,000 compared to Rs 245,600 on the last trading day. The international market also saw a $6 decrease in the price of gold. This drop was attributed to U.S. inflation data affecting expectations of interest rate cuts. Gold rates appeared set for a second consecutive weekly gain.
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Gold rates continue to drop in Pakistan

  • 2 min
Gold rates in Pakistan continued to decrease on May 2, 2024, with the per tola rate of 24 karat gold dropping by Rs 900 and 10 grams of 24 karat gold decreasing by Rs 771. International gold prices also decreased by $8 to $2,308. This decline was attributed to a stronger dollar in the international market.
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iPhone shipments drop as Huawei grows market share

  • 2 min
iPhone shipments declined by 2.1% in China in Q4 2023 due to increased competition from Huawei. However, Apple overtook Vivo to become the top smartphone seller in China for the full year. Huawei's shipments grew by 36.2%, and analysts predict Apple's sales will come under pressure in the future.
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Gold rates drop further in Pakistan

  • 2 min
Gold rates dropped in Pakistan, with 24 karat gold decreasing by Rs.1,800 per tola to Rs.218,200, and 10 grams of 24 karat gold decreased by Rs.1,543 to Rs.187,071. The price of silver also declined. Internationally, gold was sold at $2,067. The Pakistani rupee gained against the US dollar, settling at 281.67. FBR finalized a tax scheme for retailers.
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Gold Prices Drop in Pakistan

  • 1 min
KARACHI: The gold prices register a drop in Pakistan as per tola price witnessed a decrease of Rs400 in the domestic market, News reported on Tuesday.