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Gold prices in Pakistan surged to a new record on Friday, with an increase of Rs. 300 per tola, bringing the price to an unprecedented Rs. 257,700 per tola. The price for 10 grams of gold also saw a rise of Rs. 256, reaching Rs. 220,936. The Karachi Sarafa Association, which monitors local gold rates, …
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The National Savings Division conducted the much-anticipated Rs1500 Prize Bond Draw No. 99 on 15 August 2024 in Multan, a day marked with excitement and hope for thousands of Pakistanis. The event, held under the vigilant supervision of the State Bank of Pakistan, saw numerous participants eagerly awaiting the announcement of the winning numbers. Top …
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Prime Minister Shehbaz Sharif extended Independence Day greetings to the nation and announced plans for a significant reduction in electricity tariffs in the coming days. This move comes in response to widespread concerns about high electricity bills, which the Prime Minister acknowledged as one of the most pressing issues facing the country. He emphasized that …
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Sindh’s Minister of Local Government, Saeed Ghani, emphasized that individuals spreading hatred within the country are not true well-wishers of Pakistan. Speaking at a flag hoisting ceremony organized by the Korangi Association of Trade and Industry (KATI) on the occasion of Pakistan’s 77th Independence Day, Ghani expressed concern that despite the nation’s long-standing history, the …
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The federal government has launched a series of initiatives aimed at reducing electricity tariffs, acknowledging the severe financial challenges facing the country’s power sector. This move comes as part of a broader effort to address the structural issues plaguing the sector, which has long been a source of concern for both policymakers and the public. …
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Pakistan may witness another notable reduction in petrol prices starting August 15, following a decline in global oil prices, Day News reported on Monday, citing sources. According to the sources, the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of up to Rs8.50 per litre. …
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The Chief Minister of Sindh, Syed Murad Ali Shah, visited Indus Motor Company’s (IMC) manufacturing facility at Port Qasim Authority, Karachi on 12th August 2024, underscoring Sindh government’s commitment to continue fostering large-scale industrial growth in the province. During his visit, Chief Minister Shah toured IMC’s state-of-the-art manufacturing facility and was briefed on the latest …
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The Korangi Association of Trade and Industry (KATI) has called on the government to immediately release a pending PKR 33 billion electricity subsidy crucial for Karachi’s industrial sector. Addressing an emergency press conference, KATI President Johar Qandhari emphasized the urgent need to address the discrimination faced by Karachi’s industries, which have been deprived of a …
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The government is planning to impose a price equalization levy, also known as a surcharge, on the gas produced at wellheads. This move aims to help cover the costs of subsidies for residential consumers and certain industrial sectors, easing the burden on the federal budget by Rs10-15 billion each year. This initiative is part of …
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Prime Minister Shehbaz Sharif announced on Friday that the next phase of the Pak-China ties will focus heavily on business-to-business (B2B) partnerships, particularly in the industrial sector. Speaking to representatives of international companies operating in Pakistan, he emphasized the importance of transforming the close friendship between Pakistan and China into deeper economic cooperation. The Prime …
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