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Gold prices in Pakistan fell on Monday after rising for three consecutive sessions. The decline aligned with a decrease in international gold rates. In the local market, the price of gold per tola decreased by Rs600, bringing it to Rs271,900. Additionally, 10 grams of gold was sold for Rs233,110. This represents a drop of Rs471, …
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KARACHI: Standard Chartered Bank, in partnership with Right To Play International Pakistan, launched the Goal Accelerator Programme at the SC Pakistan Head Office. This initiative builds on the original Goal Programme, first introduced in Karachi in 2016. The Goal Accelerator is a sport-powered, gender-responsive economic resilience initiative. It aims to create pathways for disadvantaged girls …
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ISLAMABAD: A significant decline in global oil prices is set to bring considerable economic relief to Pakistan. The country expects annual energy import savings of $3.0 to $3.5 billion. This development comes as crude oil prices have fallen to a three-year low, dropping below $70 per barrel. Forecasts suggest further decreases, with prices potentially hitting …
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The Karachi Chamber of Commerce and Industry (KCCI) elections for the 2024-26 term concluded with a sweeping victory for the Businessmen Group (BMG). The polling for the Managing Committee (MC) took place on Saturday, where BMG secured all 30 available seats. A total of 92,954 votes were cast in favor of BMG, while the rival …
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ISLAMABAD: Power Minister Awais Leghari announced on Friday that the nation would soon hear good news from negotiations with independent power producers (IPPs). He emphasized that they are working to lower electricity prices. However, immediate relief is unlikely. Power Minister Awais Leghari testified before the Senate Standing Committee on Power. He mentioned that he led a …
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KARACHI – The Pakistani rupee appreciated by 0.03% against the US dollar in the inter-bank market on Friday, closing at 277.84. This marks a small gain of Re0.07 from Thursday’s closing rate of 277.91, as reported by the State Bank of Pakistan (SBP). The rupee’s movement comes ahead of the International Monetary Fund (IMF) Executive …
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KARACHI – The Election Commission has confirmed that the Karachi Chamber of Commerce and Industry (KCCI) Elections 2024-26 will be held on September 21, 2024, as originally planned. This clarification comes in response to misleading claims circulating on social media regarding a potential postponement. The commission emphasized that the elections will proceed on the scheduled …
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K-Electric’s CEO, Muns Alvi, has requested assistance from the Sindh Assembly’s Energy Committee to address electricity theft and outstanding dues. During a special briefing, he discussed various issues, including electricity duty and the provincial government’s liabilities. Committee members acknowledged K-Electric’s better performance compared to other distribution companies. Alvi sought the committee’s help in resolving the …
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Karachi – Shan Foods, a global leader in culinary products, has inaugurated a cutting-edge production facility in Karachi. This development is part of the company’s strategic partnership with Symrise, a global player in taste, nutrition, and health. Together, they aim to shape the future of food innovation in Pakistan. A Strategic Partnership for Food Innovation …
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The Karachi Chamber of Commerce & Industry (KCCI) has officially announced the upcoming elections for the 2024-26 term, set to fill 30 vacant seats on the Managing Committee. The election will occur on Saturday, 21st September 2024, at the KCCI Building located on Aiwan-e-Tijarat Road, Karachi. Voting will be available from 9:30 AM to 5:00 …
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