Category: Business
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Gold Prices Fall by Rs3,800 Per Tola in Pakistan
Karachi: Gold prices declined in Pakistan on Monday, in line with a drop in international bullion markets, according to the Pakistan Gems and Jewellers Association (PGJA). The association said the price of 24-karat gold per tola decreased by Rs3,800, bringing the new rate to Rs429,736 per tola. Similarly, the price of 10 grams of gold…
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Pakistan Raises Petroleum Levy on Petrol by Rs15.86 Per Litre in One Week
ISLAMABAD: The federal government has increased the petroleum levy on petrol by Rs15.86 per litre within the span of a single week, according to official figures. The increase means that consumers are paying a higher levy despite changes in fuel pricing. Based on the available data, if the government had not raised the petroleum levy,…
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Bilal Bin Saqib Meets Mufti Taqi Usmani to Discuss Digital Assets and Their Sharia Status
ISLAMABAD: Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal Bin Saqib has said he held a constructive and productive meeting with renowned Islamic scholar Mufti Muhammad Taqi Usmani to discuss digital assets and the ongoing debate regarding their status under Islamic law. In a statement posted on X (formerly Twitter), Bilal Bin Saqib said the…
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U.S. Ends Sanctions Waiver, Leaving 63 Million Barrels of Iranian Crude Stranded at Sea
Washington/Tehran: Iran’s oil exports have come under renewed pressure after the United States ended a sanctions waiver, leaving an estimated 63 million barrels of Iranian crude oil stranded at sea. According to a report by Bloomberg, vessel-tracking data shows that tankers carrying millions of barrels of Iranian crude are either anchored or moving slowly between…
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Pakistan Forced to Purchase Costly LNG from Spot Market as Qatar Extends Force Majeure
Islamabad: Pakistan has been compelled to procure more expensive liquefied natural gas (LNG) from the international spot market after QatarEnergy extended the force majeure declared following an attack on the Ras Laffan LNG production complex. According to official information, Qatar has extended the force majeure by an additional month, with the measure now remaining in…
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Finance Minister Says Government Did What It Could for Salaried Class in Budget
KARACHI: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said the government provided as much relief as possible to the salaried class in the Federal Budget 2026–27, while reaffirming its commitment to tax reforms and economic stability. Addressing a ceremony in Karachi, the finance minister said Pakistan’s foreign exchange reserves have reached approximately…
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Gold Prices Drop by Rs2,500 Per Tola in Pakistan
KARACHI: Gold prices in Pakistan continued their downward trend on Tuesday, with the price of 24-karat gold falling by Rs2,500 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA). Following the latest decline, the price of one tola of gold now stands at Rs434,936 across the country. The association also reported that…
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Global Crude Oil Prices Remain Volatile as Brent Trades at $71 Per Barrel
LONDON: Global crude oil prices continued to fluctuate during trading on Monday, with benchmark Brent crude trading at around $71 per barrel, while U.S. West Texas Intermediate (WTI) crude hovered near $68 per barrel, according to international media reports. The latest market movements reflect ongoing uncertainty in global energy markets, where investors continue to monitor…
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LNG prices increased in Pakistan for June
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased the prices of imported Re-gasified Liquefied Natural Gas (RLNG) for June, with rates rising by up to 16.17 percent, according to a notification issued on Saturday. Under the revised prices, RLNG for Sui Northern Gas Pipelines Limited (SNGPL) has been increased by 14.94 percent to…
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Silver prices in Pakistan continue to decline
Karachi, July 3, 2026 – Silver prices in Pakistan have experienced further downward pressure today, with the chandi ka rate settling at Rs. 6,952 per tola. This ongoing decline mirrors the broader trend in precious metals, as both silver and gold respond to shifting international conditions and domestic factors. Current local rates stand at Rs. 5,959 per…
