18 Posts

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Gold rates see increase in Pakistan

  • 2 min
Gold rates in Pakistan rose significantly, with the 24 karat gold price per tola increasing by Rs2400, while 10 grams of the same quality rose by Rs2058. These price hikes were attributed to the international market's gold price increase and a weaker dollar. Silver and platinum also experienced price fluctuations.
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Pakistan’s regional exports increase 20% in 10 months

  • 2 min
Pakistan's exports to seven regional countries increased by 20.61% in the first ten months of the financial year 2023-24, totaling $3,655.483 million. China led with the highest exports, followed by Bangladesh and Afghanistan. Imports from the same countries showed an increase of 26.77%, with China being the top importing country.
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IMF asks Pakistan to ‘increase’ gas prices

  • 3 min
The IMF has requested Pakistan to increase gas prices as part of negotiations for the new loan program. The proposal includes a proposed gas price hike for domestic, fertilizer, CNG, and cement sectors, with potential increases for protected and non-protected consumers. The IMF has also suggested reforms to address circular debt and the tax system.
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Pakistan, Turkiye agree to increase bilateral trade to $5bn

  • 3 min
Pakistan and Turkiye aim to elevate their bilateral trade to $5 billion following delegation-level talks in Islamabad. The two countries plan to enhance cooperation in defense, investment, banking, and science and technology. Both sides expressed support for each other on core issues and in the fight against terrorism, emphasizing their strong and historical partnership.
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Gold rates register increase in Pakistan

  • 2 min
Gold rates in Pakistan rose on May 15, 2024, with 24 karat gold increasing by Rs 2,900 to Rs 244,000 per tola and by Rs 2,487 to Rs 209,191 for 10 grams. The international gold market also saw a $28 increase to reach $2,365. This rise was attributed to a weaker US dollar and lower Treasury yields.
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Govt to ‘increase’ tax on cash withdrawal in upcoming budget

  • 3 min
The federal government plans to increase the advance tax on cash withdrawals for non-filers from 0.6% to 0.9% in the upcoming budget. This move could generate over Rs. 15 billion in annual revenue. Additionally, the government may raise the withholding tax on vehicles over 850cc and launch a crackdown on individuals not registered under the Tajir Dost Scheme. IMF has also requested electricity price hikes to tackle the power sector's circular debt.
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Gold rates continue to increase in Pakistan

  • 3 min
Gold rates in Pakistan continued to rise, with 24 karat gold increasing by Rs700 to Rs 215,800 per tola and Rs185,014 per 10 grams. The international market saw a slight decrease, falling to $2,054 from $2,056. Meanwhile, the Pakistan Stock Exchange experienced notable growth and positive trends, with the KSE-100 index gaining 2,943 points.
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Gold prices see massive increase in Pakistan

  • 1 min
Gold prices in Pakistan surge as the per tola rate of 24 karat gold increased by Rs1100, reaching Rs214,300 in the domestic market. The price of both per tola and 10-gram silver also rose, alongside a global uptick in gold prices by $8 to $2042. However, spot platinum fell while palladium rose.
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Ogra Notifies Increase in LNG Prices

  • 1 min
The Oil and Gas Regulatory Authority (OGRA) has recently announced a notification regarding an increase in the prices of liquefied natural gas (LNG). This development, as reported by ARY News, is expected to have an impact on consumers and gas companies in Pakistan.