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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Karachi: Gold prices in Pakistan declined on the latest trading day, with the price of 24-karat gold falling by Rs1,000 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA). Following the decrease, the price of one tola of gold now stands at Rs426,436. The association also reported a decline in the price…

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Karachi: The State Bank of Pakistan (SBP) has announced its latest monetary policy, deciding to keep the policy interest rate unchanged at 11.50% for the next two months. Speaking at a press briefing, SBP Governor Jameel Ahmad said the Monetary Policy Committee (MPC) had unanimously decided to maintain the benchmark policy rate at its current…

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Karachi: Gold prices in Pakistan increased sharply on Monday, with the price of 24-karat gold rising by Rs4,000 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA). The association said the price of one tola of gold climbed to Rs431,736 following the latest increase. The price of 10 grams of gold also…

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Islamabad: The current prices of petroleum products in Pakistan will remain unchanged until 27 July, according to sources in the Petroleum Division. The sources said the government has decided to keep fuel prices at their existing levels during the period, with no immediate revision expected. According to the Petroleum Division sources: The sources indicated that…

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ISLAMABAD: The Fe­­d­eral Tax Ombudsman (FTO) has identified a systemic flaw in the Federal Board of Revenue’s (FBR) FASTER sales tax refund system and directed the tax authority to take imm­ediate corrective measures. FTO Zafar Hijazi on Friday warned that the defect is adversely affecting exporters and undermining the automated refund mechanism. The ombudsman issued…

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ISLAMABAD: The governm­e­­nt on Friday reduced by almost 6 percentage points the mark-up chargeable on development lo­­ans and advances to the provincial, local bodies, state-owned entities and public sector financial institutions for the outgoing fiscal year ending on June 30. In a notification issued by the Ministry of Finance, the mark-up rate for 2025-26 was…

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Finance Minister Muhammad Aurangzeb held meetings with the senior officials of the International Monetary Fund (IMF) and reviewed Pakistan’s macroeconomic performance and progress under the Fund’s programme, the finance ministry said on Thursday. In a post on social media platform X, the finance ministry said that the minister held a series of meetings with the…

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• Association’s one group defers strike after govt assurance• APPPOA president claims govt talks ended without breakthrough, announces indefinite strike• Govt promises to review daily fuel pricing after two-week trial• Assures consultation on dealers’ margins, other demands ISLAMABAD: The government on Wednesday succeeded in dividing the All Pakistan Petroleum Pump Owners Association (APPPOA) and persuading…

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KARACHI: Gold prices in Pakistan witnessed a notable decline on Wednesday, providing some relief to buyers and investors after recent fluctuations in the precious metals market. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold fell by Rs1,800 per tola, reflecting a downward trend in international bullion prices.…

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