As per details, farmers can now transport wheat across provincial borders without restrictions, enabling them to sell their produce in the most profitable markets. For the first time, the private sector will be allowed to procure wheat, providing farmers with more options to sell their produce and potentially leading to better prices. Moreover, the deregulation […]
As per details, Karachi-Electric submitted a request to the National Electric Power Regulatory Authority (NEPRA) seeking a reduction in electricity prices under fuel adjustment for February. NEPRA is set to hold a hearing on K-Electric’s request about the monthly fuel adjustment for February on April 16. If approved, the power tariff reduction will provide consumers […]
For someone who’s followed Pakistan’s economic story for a while, this summit feels genuinely pivotal, like we could be on the verge of something big. It’s easy to get lost in the sheer numbers, isn’t it? Six hundred thousand square kilometers. Minerals across the board. It’s almost too big to grasp. But economists have been […]
This he said while addressing a two-day Pakistan Minerals Investment Forum at the Jinnah Convention Center in Islamabad today. Barrick Gold’s CEO said the Reko Diq copper-gold project will economically benefit Pakistan and will also create thousands of jobs. Mark Bristow said the feasibility study of Reko Diq has been completed and this mine is […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,662. Additionally, the price for an ounce of gold is 11,392 Saudi Riyal. Gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded at 10:00 am April 08, […]
The selling rate of the Saudi Riyal was recorded at Rs75. The official currency of Saudi Arabia is abbreviated as SAR or SR. One Riyal is subdivided into 100 halalas. The partnership between Pakistan and Saudi Arabia is marked by a long-established and mutually beneficial alliance, underscored by considerable financial assistance from the Kingdom of […]
“They discussed U.S. reciprocal tariffs on Pakistan and how to make progress toward a fair and balanced trade relationship,” Tammy Bruce, the department’s spokesperson, said in a statement about the first conversation between the two leaders. The US administration imposed tariffs on imports from around the world that range from a 10% baseline tax on […]
The formal announcement was made during a high-level meeting held in Islamabad, attended by Zhao and representatives of the Pakistan Crypto Council. The session was chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb. The chairman of the Securities and Exchange Commission of Pakistan (SECP), the State Bank of Pakistan governor, and secretaries […]
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021. Oil plunged 7% on Friday as China ramped up tariffs on US goods, escalating a trade war […]
Silver typically tends to move alongside gold, but industrial uses such as electronics and photovoltaics account for more than half of global demand, estimated at around 700.2 million troy ounces as of 2024, according to the Silver Institute industry association. While gold, traditionally seen as a refuge from political and economic uncertainty, has touched multiple […]
