high
-
New day, new high: Gold hits Rs169,650 per tola
.
[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 per tola gold surged by Rs2,350 to an all-time high as investors continued to take…
-
Gold breaks all records, touches new all-time high of Rs166,400 per tola
.
[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 Sarafa Gems and Jewellers Association (APSGJA) showed that the prices of gold surged by Rs2,250…
-
Gold, silver prices soar to all-time high in Pakistan
.
[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 and Jewellers Association (APSGJA) data showed that the price of gold rose by Rs250 per…
-
Gold shines, price hits all-time high of Rs164,000 per tola
.
[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 the international market and the depreciation of the Pakistani rupee against the US dollar. The…
-
Rupee stuck in reverse gear amid high default risks
.
[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 local unit closed at 223.17 against the US dollar after losing 0.22% compared to Thursday’s…
-
Rupee continues to weaken against greenback amid high dollar demand
.
[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 interbank market. According to data released by the State Bank of Pakistan (SBP), the local…
-
‘Good news’: UK removes Pakistan from its ‘High Risk Third Countries’ list
.
[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 ‘High-Risk Third Countries’ list. Sharing a picture of the official document on his Twitter handle,…
-
Risk of default spikes to 13-year high of 52.8% | The Express Tribune
.
[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 country. The CDS hovered around 5% to 6% before the Covid-19 outbreak in Pakistan in…
-
Gold price surges to Rs148,400 per tola in Pakistan on high demand
.
[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 Sarafa Gems and Jewellers Association (APSGJA) the price of the precious metal rose by Rs700…
-
High duties on paper spark crisis | The Express Tribune
.
[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 of disaster. In an appeal to Prime Minister Shehbaz Sharif and Finance Minister Miftah Ismail,…
