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New day, new high: Gold hits Rs169,650 per tola
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[ad_1] A representational image of gold bangles. — AFP/File Amid the shortage of dollars in the country, investors shifted their focus toward gold consequently its price in Pakistan reached a historic high of Rs169,650 per tola on Monday. Price of…
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Gold breaks all records, touches new all-time high of Rs166,400 per tola
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[ad_1] An undated image of gold jewellery being displayed in a jewellery store. — AFP/File Gold on Thursday broke all previous records as price surpassed Rs166,000 per tola barrier after registering an increase of 1.4%. Data released by All Pakistan…
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Gold, silver prices soar to all-time high in Pakistan
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[ad_1] A customer can be seen looking at gold bangles. — AFP/File Gold and silver surged to all-time high prices in Pakistan on Wednesday as the weakening rupee against the US dollar shifted investors’ focus towards safe-haven assets. All Pakistan Sarafa Gems…
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Gold shines, price hits all-time high of Rs164,000 per tola
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[ad_1] A customer holds gold jewellery at a jewellery showroom on May 3, 2022. — AFP/File Gold continued to shine on Monday as its price rose to an all-time high of Rs164,000 per tola in line with the prices in…
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Rupee stuck in reverse gear amid high default risks
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[ad_1] A currency dealer works at an exchange company. — AFP/File KARACHI: Pakistani rupee Friday remained stuck in reverse gear versus the dollar in the interbank trade as high default risks and low foreign exchange reserves sapped the sentiment. The…
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Rupee continues to weaken against greenback amid high dollar demand
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[ad_1] Currency dealers exchanging Rs1,000 notes. — AFP/File KARACHI: In line with the increasing demand for the US dollar from importers due to import payment pressure, the Pakistani rupee continued to depreciate against the US dollar on Wednesday in the…
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‘Good news’: UK removes Pakistan from its ‘High Risk Third Countries’ list
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[ad_1] Pakistan´s Foreign Minister Bilawal Bhutto Zardari speaks during a press conference in Karachi on October 15, 2022. — AFP/File Foreign Minister Bilawal Bhutto-Zardari Monday shared “some good news”, announcing that the United Kingdom has officially removed Pakistan from its…
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Risk of default spikes to 13-year high of 52.8% | The Express Tribune
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[ad_1] KARACHI: Pakistan’s risk of default, measured by the 5-year credit default swap (CDS), on Tuesday spiked by 3.07 percentage points in a day and hit a 13-year high at 52.8%, suggesting foreign investors had lost their faith in the…
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Gold price surges to Rs148,400 per tola in Pakistan on high demand
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[ad_1] A representational image of gold bars. — AFP/File KARACHI: Gold continued to shine as it once again surpassed the psychological threshold of Rs148,000 per tola amid high demand in the domestic market on Tuesday. As per the All Pakistan…
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High duties on paper spark crisis | The Express Tribune
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[ad_1] KARACHI: Printing industry stakeholders and paper importers are facing a paper crisis due to heavy duties imposed on paper imports. They have expressed concern over the high paper prices that have put the entire printing industry on the verge…
