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Following the rupee’s freefall against the US dollar on Friday, the price of gold topped Rs200,000 per tola (11.66 grammes) for the first time in Pakistan’s history. However, the increase in bullion prices has made jewellers upset, since legitimate customers have left the market and gamblers have entered. Speaking on the occasion, local gold pricing …
Continue reading “Gold Price Surpasses Rs200,000 per tola on Friday”
An IMF delegation will travel to Pakistan later this month to discuss the ninth review of the nation’s ongoing loan programme, which has stalled, the lender’s resident representative announced on Thursday. To continue the negotiations under the ninth EFF review, an in-person Fund mission is slated to visit Islamabad from January 31 through February 9 …
Continue reading “Loan Negotiations Resumed After Govt Complies with IMF Demands”
Businesses have suffered immensely in recent times due to high inflation rates, war, and the ever-changing situation of the world. Many automobile industries in Pakistan have reduced, postponed, or delayed their production and plants due to the non-availability of raw materials. Pak Suzuki Motor Company Limited, another major automobile company has decided to increase its …
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KARACHI: Sindh Minister for Industries and Cooperatives Jam Ikramullah Dharejo has issued orders to the Secretary Industries to prepare a summary of 1 billion rupees for the development works of the Korangi Industrial Area. Speaking at the Korangi Association of Trade and Industry (KATI), the provincial minister said that 5 billion rupees were approved by …
Karachi, 17 January 2023 – Visa, the world leader in digital payments, has announced the appointment of Umar Khan who will lead its operations in the country in his new role as Country Manager for Pakistan. The appointment reaffirms Visa’s commitment to supporting clients & partners and accelerating growth in consumer payments and commerce in …
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Reko Diq is the world’s largest undeveloped mine of copper and gold which is located in the Chaghai District in Baluchistan, Pakistan. It is the largest mine in the world because it has estimated reserves of 5.4 billion tonnes of copper and gold ore. However, a dispute case stopped the development of this project. The …
Continue reading “Reko Diq Project to Start Production by 2028”
The energy minister of Saudi Arabia, Prince Abdul Aziz bin Salman explained Saudi Arabia’s plight to utilize domestically sourced uranium as nuclear fuel. He said, “The kingdom intends to utilize its national uranium resources, including in joint ventures with willing partners in accordance with international commitments and transparency standards.’ He further mentioned that “the entire …
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Inflation rates are rising day by day in every corner of the world. Pakistan is not exempted from this crisis as well. The foreign reserves are down to $4.5 billion but the expenses are imports on the way are worth billions of dollars as well. It is reported that Pakistan might suffer a pulse crisis …
Pakistan has focused greatly on the development of the agricultural sector and now the government of Khyber Pakhtunkhwa (KPK) held a meeting to improve the agricultural sector of the region. The former governor of KPK, Shah Farman held a meeting at the Saudi Royal Embassy to discuss the production capacities and investment opportunities for the …
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Handicraft items in Pakistan are loved all over the world because of their unique designs. They are mostly produced in rural areas and Quetta, Balochistan. The Balochistan government has decided to strengthen the inherent talent of local crafters to promote their products on an international level. The government suggests that handicraft is an integral part …
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