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Pakistan’s CPI inflation spikes to record high on runaway food prices
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[ad_1] An undated image of consumers buying fresh vegetables from a local market. — AFP/File The consumer price index (CPI) based inflation in Pakistan surged to a record 38% on a year-on-year (YoY) basis in May 2023, the highest since…
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High power tariffs exceeding consumers’ affordability, impacting consumption patterns: study
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[ad_1] A technician from Karachi Electric , Pakistan’s largest city’s power supply company, checks electricity meters at a residential building in Karachi, on May 13, 2010. — AFP A recent study, conducted by the Institute of Policy Studies in Islamabad, found…
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Gold rate in Pakistan jumps to all-time high amid political uncertainty
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[ad_1] People buy jewellery at a jewellery store in Amritsar on October 22, 2022. — AFP/File As investors’ attention shifted to the safe-haven bullion due to the political uncertainty that ensued after the arrest of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran…
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Gold rate surges to fresh all-time high
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[ad_1] An undated file image of a woman wearing gold bangles. — AFP The rate of gold soared to another all-time high in Pakistan Saturday as the country experienced record weekly inflation amid the ongoing economic turmoil. The price of…
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Gold rate declines slightly from all-time high
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[ad_1] An undated image of gold bangles. — AFP After reaching another all-time high a day earlier, the rate of gold declined slightly in Pakistan Friday in line with developments in the international market. The rate of gold (24 carats)…
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Gold, silver jump to new all-time high
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[ad_1] A salesperson displays gold jewellery at a store in this undated file photo. — AFP As the country continues to go through one of its worst economic crises and inflation surged to unprecedented levels, people flocked to buy gold,…
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With high demand, gold hits new peak | The Express Tribune
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[ad_1] KARACHI: Gold hit a new all-time high at Rs219,500 per tola (11.66 grams) on Saturday owing to speculation that demand for the safe-haven asset had remained high. All Pakistan Saraf Gems and Jewellers Association (APSGJA) reported that the bullion…
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Gold soars to new record high
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[ad_1] This undated file photo shows processed gold bars. — AFP As the international rate went up again and the country’s economic crisis persisted, the price of gold in the domestic market rose to a new record high on Saturday….
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Gold surges to another all-time high
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[ad_1] A representational image of gold bangles. — AFP/File As the country continues to experience one of its worst economic crisis and a bailout from the International Monetary Fund (IMF) is yet to materialise, the price of gold rose again…
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Rupee hits one-month high at 283.39 to a dollar | The Express Tribune
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[ad_1] KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar in inter-bank market, maintaining its winning streak for the second consecutive working day. The currency market resumed…
