prices
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Gold prices hit record highs in Pakistan amid global market surge | The Express Tribune
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[ad_1] Gold prices hit an all-time high on August 16, 2024, propelled by a weaker US dollar and expectations of a potential interest-rate cut by the Federal Reserve. The metal’s appeal was further amplified by ongoing geopolitical tensions, particularly in the Middle East, which heightened demand for safe-haven assets. Spot gold increased by 1.7% to…
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Oil prices dip as US crude stocks rise | The Express Tribune
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[ad_1] HOUSTON: Oil prices edged lower on Wednesday after US crude inventories rose unexpectedly and as worries that a wider Middle East conflict could threaten production in one of the world’s major regions for crude production eased slightly. Brent crude futures slipped 41 cents, or 0.5%, to $80.28 a barrel by 1436 GMT. US West…
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Petrol, diesel prices likely to decrease | The Express Tribune
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[ad_1] Pakistan may see a significant reduction in fuel prices in the coming days, with cuts of up to Rs12 per litre expected across various petroleum products, according to industry sources. Preliminary calculations suggest that the price of petrol could decrease by over Rs9 per litre, while high-speed diesel (HSD) may see a reduction of…
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Local gold prices fall by Rs500 per tola amid drop in global rates | The Express Tribune
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[ad_1] In local markets, the price of 24-carat gold per tola fell by Rs500, dropping to Rs246,000 from Rs246,500. This decrease reflects the significant drop in the international bullion market, where gold prices declined by $17 to settle at $2,400 per ounce. This decline followed a previous decrease of $16, which had brought the price…
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Gold prices tumble after reaching record high | The Express Tribune
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[ad_1] In the international bullion market, the price of gold per ounce dropped by $16, bringing it down to $2,417 from the previous price of $2,433. Consequently, in local markets on Monday, the price of 24-carat gold per tola decreased by Rs300, settling at Rs256,500. Similarly, the price of 10 grams of gold saw a…
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Gold prices dip in international and local markets | The Express Tribune
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[ad_1] Gold prices have decreased in both international and local markets, as reported by industry sources. The dip came a day after gold surged to a new all-time high of Rs257,300 per tola (11.66 grams) in Pakistan. The surge was attributed to weaker US employment data and escalating political tensions in the Middle East. According…
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PM Shehbaz promises the nation to reduce electricity prices in Pakistan | The Express Tribune
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[ad_1] Listen to article Prime Minister Shehbaz Sharif announced on Friday that reducing electricity prices was a top priority for the PML-N government and its allies. He emphasised that providing relief to electricity consumers was a key agenda for PML-N President Muhammad Nawaz Sharif and his administration. In his remarks at a Cabinet meeting, the Prime Minister…
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Major reduction in fuel prices expected | The Express Tribune
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[ad_1] Following a decline in global crude oil prices, Pakistan is expected to see a significant reduction in petroleum product prices. Sources indicate that from August 1, petroleum prices could decrease by up to Rs11 per litre. The price of petrol may drop by Rs5.50 per litre, while high-speed diesel (HSD) could see a reduction…
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Petrol prices likely to fall by August 1 | The Express Tribune
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[ad_1] The prices of petroleum products in the country are expected to decrease from August 1. According to media reports, petrol prices might drop by up to Rs3 per litre, while high-speed diesel (HSD) prices could see a reduction of Rs8.50 per litre. Additionally, the price of kerosene oil is anticipated to decrease by Rs9.11 per…
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Ogra chalks out proposals striping govt off powers to fix fuel prices
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[ad_1] A petrol pump worker putting petrol in a car in this undated picture. — Reuters/File ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has prepared proposals striping the federal government of its authority to fix petroleum product prices in the country, sources told Geo News on Friday. The regulatory body, the sources say, has formulated…
