KARACHI: Gold prices declined sharply in Pakistan on Saturday, with the price of 24-karat gold falling by Rs3,700 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA). Following the latest decrease, the price of one tola of gold now stands at Rs426,736. The association also reported a decline in the price of…

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ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has announced the largest increase in the history of liquefied natural gas (LNG) prices, significantly raising the sale price for July. According to an official notification issued by OGRA, the LNG sale price has been increased by up to US$6.45 per million British thermal units (MMBtu) for…

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SUKKUR: Conflicting accounts from Sukkur Police and the family of an injured suspect have raised questions over a recent alleged police encounter, prompting calls for an independent investigation into the incident. According to Sukkur Police, Shahryar alias Sheri Bandhani was arrested in an injured condition following a police encounter on the previous night. Police stated…

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KARACHI: Gold prices in Pakistan increased on Thursday, with the price of 24-karat gold per tola rising by Rs1,000, according to the All Pakistan Gems and Jewellers Association (APGJA). The association said the new price of one tola of gold now stands at Rs427,436. Meanwhile, the price of 10 grams of 24-karat gold increased by…

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Islamabad: Saudi Arabia has rolled over Pakistan’s $5 billion loan for a period of three years, providing continued financial support to the country’s external financing needs, according to informed sources. The sources said the Kingdom agreed to extend the maturity of the $5 billion loan, which had originally been provided to help Pakistan meet its…

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London: Global crude oil prices declined on international markets despite escalating tensions between the United States and Iran, as oil shipments from the Middle East continued without major disruption. According to Reuters, the price of Brent crude fell by $1.29 to $89.45 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude dropped by 56 cents,…

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Islamabad: Officials of the Federal Board of Revenue (FBR) have informed the Senate Standing Committee on Finance that the government collected more than Rs476 billion in taxes through electricity bills during the 2025–26 fiscal year. According to the FBR, the total collection included Rs351 billion in sales tax and Rs124 billion in income tax, highlighting…

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Islamabad: Pakistan repaid $2.2 billion in external debt during July, including a $1.4 billion commercial loan to China, which is expected to be refinanced within the next few weeks, according to State Bank of Pakistan (SBP) Governor Jameel Ahmad. Speaking to journalists outside Parliament House after attending a meeting of the Senate Standing Committee on…

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ISLAMABAD: Pakistan on Wednesday decided to import one million tonnes of wheat amid uncontrolled rising prices in the market. The decision was reached at a meeting of the Economic Coordination Committee (ECC) of the Cabinet, presided over by Finance Minister Muhammad Aurangzeb, which was called urgently on a single-point agenda in view of the alarming…

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KARACHI: An artificial exchange rate not only discourages exporters but also poses a major hurdle to foreign investment, particularly in the exportable manufacturing sector, said exporters, who expressed their dismay over the policy. For the past year and a half, the dollar-rupee parity has been managed, and the local currency has continued to appreciate against…

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