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pakistan

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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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Medicine prices to skyrocket in Pakistan for This reason

  • 3 min
Medicine prices in Pakistan are set to increase significantly due to a proposed 18% sales tax recommended by the IMF. Experts caution that this tax will make medicines unaffordable for many, giving pharmaceutical companies free rein to set prices. This recommendation comes amid the IMF's policy-level talks with Pakistan on a bailout package.
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Gold prices fall in Pakistan following global market downturn

  • 2 min
Gold prices in Pakistan saw a decline following global market trends. According to All Sindh Sarafa Jewellers Association, the per tola gold price dropped to Rs248,500, a decline of Rs1,900. Similarly, the 10-gram gold price fell to Rs213,048 after a decrease of Rs1,630. International gold prices also dropped to $2,418 from $2,439.
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Pakistan’s GDP remained 2.8pc in FY2023-24

  • 2 min
Pakistan's National Accounts Committee (NAC) has approved the economic targets for FY2023-24, with the GDP growth rate remaining at 2.38%, lower than the set target of 3.5%. Q3 of FY 2023-24 saw a stable 2.09% growth, with positive contributions from agriculture and industry, despite a negative growth in the construction industry.
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Gold rates continue to go up in Pakistan

  • 2 min
Gold rates in Pakistan increased, with 24 karat gold per tola rising by Rs 2,300 to Rs 250,400 and 10 grams by Rs1,972 to Rs 214,678. International market prices also saw a rise, hitting a record high due to expectations of a U.S. interest rate cut. Silver remained constant at Rs 2,850 per tola.
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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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Pakistan’s likely squad for T20 World Cup 2024

  • 3 min
The Pakistan Cricket Board (PCB) has finalized a 15-member squad, led by skipper Babar Azam, for the T20 World Cup 2024. The squad includes five fast bowlers, four all-rounders, three wicket-keepers, two batsmen, and a spinner. Pacer Haris Rauf has been included, with Hasan Ali, Salman Ali Agha, and Irfan Khan as reserves. The official squad announcement will follow the T20I series against England on May 22. Pakistan is in Group A alongside India, Ireland, Canada, and the USA.
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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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Pakistan’s youngest vlogger Muhammad Shiraz puts down the camera to prioritise education

  • 2 min
Young vlogger Muhammad Shiraz, aged six, announced his decision to prioritize education over vlogging following his father's request. In a farewell video, he tearfully expressed his commitment to studying and assured fans of a potential comeback. His channel, promoting tourism in Pakistan, has garnered over 15 million subscribers and received encouragement from Prime Minister Shehbaz Sharif.
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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.