Category: Business
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No Bids Received for Pakistan’s LNG Procurement Tender
ISLAMABAD: Pakistan has received no bids in its latest tender for the procurement of a liquefied natural gas (LNG) cargo. Sources in Pakistan LNG Limited (PLL) said the country had issued its third LNG tender in September. According to sources, international suppliers were invited to submit bids for one LNG cargo for delivery between September 12 and 16.…
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Gold Price Rises by Rs800 per Tola in Pakistan
KARACHI: Gold prices increased across Pakistan, with the price of gold per tola rising by Rs800. According to the All Pakistan Gems and Jewellers Association, the price of one tola of gold has reached Rs462,936 after the latest increase. The association said the price of 10 grams of gold also increased by Rs686 to Rs396,893.…
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Remittances Rise Despite Middle East Conflict
KARACHI: Remittances sent by overseas Pakistanis increased in August despite the ongoing conflict in the Middle East. According to the State Bank of Pakistan (SBP), overseas Pakistanis sent $3.7 billion in remittances in August 2026, marking a 0.7% increase from July and a 16.5% rise compared with August 2025. During the first two months of the current fiscal year, Pakistan received a total…
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Pakistan’s Economy Better Positioned to Withstand Global Challenges: Moody’s Assistant Vice President
ISLAMABAD: Pakistan’s economy is now in a better position to withstand global and regional economic challenges, according to Grace Lim, Assistant Vice President at Moody’s. In her assessment of Pakistan’s economic outlook, Grace Lim said the country’s economy was stronger than it had been during the oil crisis of 2022. She added that if tensions…
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Gold Price in Pakistan Sees Slight Decline
KARACHI: Gold prices in Pakistan recorded a modest decline on Tuesday, with the price of one tola of 24-karat gold falling by Rs1,000. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of one tola of gold decreased from Rs463,136 to Rs462,136. ProPakistani+1 The price of 10 grams of gold also…
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Iran Announces Higher Petrol Prices for Heavy Users
The Iranian government has announced higher petrol prices for people who use more than a certain amount of fuel every month. Iranian government spokesperson Fatemeh Mohajerani said that the new price will start from September 8. Under the new system, people who use more than 110 litres of petrol in one month will have to…
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Pakistan Issues Third LNG Cargo Tender for September
Pakistan has issued a tender for an LNG cargo for September for the third time, seeking bids from international suppliers. Pakistan LNG Limited has invited bids for delivery between September 12 and 16. The deadline for submitting bids is September 8, with the offers scheduled to be opened on the same day. The government had…
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Gold Price Falls by Over Rs11,000 per Tola in Pakistan
KARACHI: The price of gold in Pakistan has recorded a major decline, falling by more than Rs11,000 per tola. According to the All Pakistan Gems and Jewellers Association, the price of gold decreased by Rs11,300, bringing the price per tola down to Rs454,036. The association said the price of 10 grams of gold also fell…
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Punjab CM approves Rs1bln road schemes for Sargodha
Punjab Chief Minister Maryam Nawaz Sharif has given the go-ahead to eight development schemes aimed at constructing, rehabilitating and upgrading roads across Sargodha district under the Own Source Revenue initiative. The projects carry a combined estimated cost of approximately Rs1 billion. According to a press release issued by the Deputy Commissioner’s Office, a number of…
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Government Announces Increase in Petrol Price, Reduction in Diesel Price
ISLAMABAD: The federal government has announced new prices for petroleum products. The price of petrol has been increased by Rs0.77 per litre, bringing the new price to Rs342.79 per litre. Meanwhile, the price of high-speed diesel has been reduced by Rs1.03 per litre, with the new price set at Rs370.41 per litre. The revised prices…
