Tag: Global Market
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Gold prices dip by $8 internationally, Rs1,200 locally
In a significant development in the precious metals market, the per-tola price of 24 karat gold experienced a notable decline, dropping by Rs1,200 on Saturday.
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Gold prices in Pakistan remain unaffected by political uncertainties
Despite political uncertainties, the domestic bullion market exhibited stability, with 24-karat gold maintaining its price at Rs215,500 on Friday, showing no deviation from the previous session.
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Pakistan sets sights on $5 billion smartphone exports by 2029
Pakistan’s mobile phone industry is experiencing a significant boom, with plans to export smartphones worth $500 million in the next two years and an ambitious target of $5 billion in the next five years, according to the Federal Minister of IT and Telecom, Dr Umar Saif.
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Gold price in Pakistan experiences massive single-day gain of Rs5,700 per tola
In a significant development, gold staged a recovery from its recent five-session decline in Pakistan on Thursday, driven by a surge in the global market.
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Saudi Aramco considers investing in Shell’s $200 million Pakistani assets
Saudi Aramco is thinking about making an offer to buy Shell Plc’s assets in Pakistan. If they decide to proceed, this would mark the first time the major Gulf oil company enters the South Asian nation.
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Pakistan’s pharma industry exports soar to record-breaking $713 million in FY2022-23
Pakistan’s pharmaceutical industry has experienced an impressive surge in exports, reaching an all-time high of $713 million during the fiscal year 2022-23, according to sources cited by ARY News. The remarkable boost in exports can be attributed to the increased demand for surgical and medical equipment, as well as pharmaceutical products.
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Pakistan sees increase in LPG prices following petrol price hike
The Oil and Gas Regulatory Authority (OGRA) has announced an increase in the price of Liquefied Petroleum Gas (LPG) in Pakistan, following the recent hike in petrol prices. As per the notification, the price of LPG has been increased by Rs10 per kilogramme, with the new price per kilogramme set at Rs229. Moreover, the price…
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Gold price increases to Rs208,300 per tola as investors adopt cautious approach amid uncertainties
The price of gold in Pakistan soared by 2 per cent on Saturday, according to data from the All-Pakistan Sarafa Gems and Jewellers Association. The political unrest in the country has left investors uncertain about the economy, prompting them to seek safe-haven assets such as gold. The price of gold (24 carats) increased by Rs4,100…
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Gold gains Rs2,800, reaching Rs142,000 per tola
Keeping in view the rates maintained by the All Sindh Sarafa Jewelers Association, the price of gold per tola jumped Rs2,800 in the local market on Monday, bringing it to Rs142,000. Today, at 4 pm, the precious yellow metal was trading at $1,854 per ounce on the international market. Pakistan, as a price-taker, follows the…
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Pakistani startup Airlift lays off 31 per cent of workforce: Is the job market collapsing?
Airlift Technologies, a national grocery delivery service, has laid off 31 per cent of its workforce. The company posted a statement on its official LinkedIn account confirming the layoff of its workforce; “In the light of the significant downturn in global capital markets, Airlift is undertaking a strategic realignment to reduce the surface area of operations…