A significant increase in gold prices has been recorded in both global and local markets.
Gold prices have witnessed a significant increase in both global and local markets, pushing bullion rates to new record highs. In the international market, gold rose by $108 per ounce, reaching $4,327 per ounce. According to the All Pakistan Sarafa Association, in the local market, the price of 24-karat gold
Punjab Chief Minister has taken a major step by summoning the budget session on 16 June.
According to sources, important matters related to the budget will be discussed in the cabinet meeting, and final approval is expected to be granted. It is further reported that the Chief Minister of Punjab has approved presenting the provincial budget on June 16, after which preparations for the budget presentation
Budget 2026–27: Government Sets Rs 15.264 Trillion Tax Target, 36 Everyday Items Likely to Become More Expensive
The federal government has set a tax collection target of Rs 15.264 trillion in the Budget for fiscal year 2026–27. To achieve this target, the government plans to generate an additional Rs 650 billion through new taxation measures, stricter law enforcement, and administrative reforms. Under the proposed measures, prices of
Pakistan rejects spot LNG cargo bids, eyes cheaper Qatar gas
Pakistan has decided not to purchase LNG spot cargoes for the time being after receiving positive indications about cheaper LNG supplies from Qatar under a long-term agreement. According to sources in Pakistan LNG Limited, the country hopes to secure two LNG cargoes from Qatar at term contract rates. Pakistan has
Roshan Digital Account investment crosses $320m in April
Investment in Roshan Digital Accounts recorded a significant increase in April, crossing $320 million during the month. In comparison, $262 million was invested in Roshan Digital Accounts in March 2026. Earlier, monthly investment in Roshan Digital Accounts usually ranged between $150 million and $200 million. The latest April figure shows a
Gold price in Pakistan falls after two-day hike
The price of gold in Pakistan and the global market witnessed a slight decline on Friday following two days of major hikes. The price of 24-karat gold per tola fell by Rs2,700, bringing the new rate to Rs494,062, according to the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the
IMF approves next $1.2bn tranche for Pakistan
The International Monetary Fund’s Executive Board has approved a fresh $1.1 billion loan tranche for Pakistan after completing the third review of the country’s economic reform program under the Extended Fund Facility. The IMF also approved around $220 million in climate funding under the Resilience and Sustainability Facility, bringing total
Govt raises petrol, diesel prices again
The government has increased the prices of petroleum products once again, with petrol becoming dearer by Rs14.92 per litre and high-speed diesel by Rs15 per litre. According to a notification issued by the Petroleum Division, the new price of petrol has been fixed at Rs414.78 per litre, while high-speed diesel
IMF forecasts slower growth, higher inflation for Pakistan
The International Monetary Fund has projected slower economic growth and higher inflation for Pakistan, highlighting the need for continued monetary discipline, exchange rate flexibility and stronger financial-sector stability. The IMF said Pakistan’s GDP growth is expected to stand at 3.6 percent this year before easing to 3.5% next year. According
Govt raises petroleum levy; taxes hike petrol, diesel prices
The government has increased the levy on petroleum products, adding to the cost burden on consumers and making petrol and diesel a key source of revenue collection. The levy on petrol and diesel has been increased by Rs13.91 per liter, according to the details. After the latest increase, the levy
About Me
Hello ! I am Richard Y. Lim
Upon migration to Medina, the direction of the Qibla continued to be Jerusalem, although it was then physically impossible for one to also face the Ka’ba, as Medina is north of Makkah.
