Gold rates decline by Rs.2,000 to Rs.261,500 By: APP on September 8, 2024The per tola price of 24 karat gold decreased by Rs.2,000 and was sold at Rs.261,500 on Saturday compared to its sale at Rs.263,500 on last trading day. The price of 10 grams of 24 karat gold also decreased by Rs.1,714 to Rs. 224,194 from Rs. 225,908 whereas the price of 10 gram 22 karat […]
China’s central bank pauses gold purchases for a fourth month in August By: Reuters on September 8, 2024China’s central bank held back on buying gold for its reserves for a fourth straight month in August, official data showed on Saturday. China’s gold holdings stood at 72.8 million fine troy ounces at the end of last month. The value of the gold reserves, however, rose to $182.98 billion compared with $176.64 billion at […]
OPF set up PGFRC to assist returned Overseas Pakistanis By: APP on September 8, 2024Ministry of Overseas Pakistanis and Human Resource Development (MOPHRD) has set up a Pakistani-German Facilitation & Reintegration Centre (PGFRC) in Lahore with an advisory desk at Overseas Pakistani Foundation (OPF) here at the head office. An official source told APP that the objective was to facilitate the return of overseas Pakistanis in terms of their […]
BISP to abolish franchise system By: inp on September 8, 2024The authorities have decided to abolish the franchise system of the BISP after disclosure of massive corruption. According to media reports, after corruption complaints Chairperson Benazir Income Support Programme (BISP) Rubina Khalid has decided to abolish the franchise system to distribute monetary support to poor and needy people. Sources said that the BISP has inked […]
Around 40 technical trade centers blacklisted By: APP on September 8, 2024Bureau of Emigration and Overseas Employment (BEOE) an attached department of the Ministry of Overseas Pakistanis and Human Resource Development (OP&HD) had blacklisted around 40 technical trade centers across the country due to the complaints and involved in fraud cases with innocent citizens. An official source told APP that the main function of this department […]
SHC issues notices to govt, Nepra over capacity payments By: inp on September 8, 2024The Sindh High Court (SHC) on Saturday issued notices to the federal government NEPRA, federal secretary energy, K-Electric and others over capacity charges payment to the IPPs. A petition filed in the high court pleaded that the Supreme Court had ordered forensic audit of the independent power producers (IPPs). Instead of compliance of the order […]
Fourth Week, Fourth Decline: SPI reaches 3-year low By: APP on September 7, 2024The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed further decrease of 0.15 percent for the combined consumption groups during the week ended on September 05, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded […]
Pakistan to establish Policy Board for economic planning By: APP on September 7, 2024Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal on Friday said that the purpose of forming the policy board is to bring improvement and transparency in the economic planning process of the country with the help of the private sector. The minister said the private sector’s participation will significantly improve the Planning Commission’s […]
Gas guzzlers out, EVs in: BYD Pakistan’s forecast By: Reuters on September 7, 2024Up to 50% of all vehicles bought in Pakistan by 2030 will be electrified in some form in line with global targets, BYD Pakistan, a partnership between China’s BYD and Pakistani car group Mega Motors, said. Warren Buffett-backed Chinese electric vehicle giant BYD last month announced its entry into Pakistan, making the South Asian nation […]
PSX stays bullish By: APP on September 7, 2024The 100-Index of the Pakistan Stock Exchange (PSX) gained 34.38 points on Friday, showing a slight positive change of 0.04 percent, closing at 78,897.73 points against 78,863.34 points on the last working day. A total of 743,072,057 shares were traded during the day as compared to 770,518,958 shares the previous day, whereas the price of […]