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Gold reaches new record high of Rs218,650 per tola
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[ad_1] Gold jewellery is displayed at a store in this undated file photo. — AFP Despite the price of gold remaining stable in the international market, the precious metal’s value reached a record high in Pakistan on Wednesday. The price of gold (24 carats) rose by Rs450 per tola and Rs386 per 10 grams to…
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Gold inches closer to all-time high
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[ad_1] An undated file photo of gold jewellery on display at a store. — AFP The rupee’s slight recovery caused a jump in the gold price in Pakistan on Thursday, taking the precious metal’s value close to a record high it reached last week. The price of gold (24 carats) increased by Rs1,350 per tola…
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Gold claws back after reaching historic high
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[ad_1] A representational image. — AFP/File Gold rate witnessed a significant drop in Pakistan Saturday as the yellow metal saw a major reduction in its rate in the international market. The price of gold (24 carats) dropped by Rs2,600 per tola and Rs2,229 per 10 grams to reach Rs216,000 and Rs185,185, respectively, data released by…
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After two-day decline, gold rates up again, reach all-time high
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[ad_1] A jeweller displays gold chains at his shop in India. — AFP/File After a two-day decline, the prices of gold were up again on Friday, with the precious metal scaling to a new record. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) rose by Rs1,100…
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Gold rate in Pakistan races to historic high
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[ad_1] A representational image of gold bangles. — AFP/File Gold price jumped to a historic high in Pakistan after the rupee’s record depreciation against the dollar stampeded investors towards the safe-haven metal. The price of gold (24 carats) increased by Rs600 per tola and Rs514 per 10 grams to settle at Rs218,300 and Rs187,157, respectively,…
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Gold price hits historic high of Rs217,700 per tola in Pakistan
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[ad_1] An undated image of gold bars. — AFP/File Gold rate on Monday jumped to a historic high after the Pakistani rupee slumped significantly against the US dollar as the country struggles to secure external financing. According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats)…
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PSO’s receivables surge to all-time high of Rs742.3b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan State Oil (PSO) is facing a financial crisis amidst the ongoing freefall of the Pakistani rupee against the US dollar. The company has booked claims of Rs6.7 billion against gas Utility-Sui Northern Gas Pipeline Limited (SNGPL) for the supply of Liquefied Natural Gas (LNG). PSO had entered the LNG business during the…
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SBP hikes policy rate by 100bps to record high of 21% | The Express Tribune
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[ad_1] In line with market expectations, Pakistan’s central bank hiked its benchmark policy rate by 100 basis points to a new record high of 21% on Tuesday as the bank took measures to anchor rising inflation in the country. State Bank of Pakistan (SBP) said on its official Twitter handle “MPC (monetary policy committee) views…
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Gold ends higher amid rupee rout; sliver at all-time high
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[ad_1] A goldsmith arranges ornaments on a manikin in his shop. — AFP/File Gold ticked up on Monday in line with the international markets amid yet another rupee rout, as traders mostly preferred not to take any adventurous positions a day ahead of the central bank’s monetary policy meeting. According to the data released by…
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Builders decry high cost of raw material | The Express Tribune
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[ad_1] KARACHI: The current economic crisis, coupled with restrictions on import of steel raw material, has pushed steel rebar prices to significantly higher levels, creating friction between builders and producers of the metal. Expressing concern over the fate of construction industry, the Association of Builders and Developers of Pakistan (ABAD) in a statement lamented that…
