Pakistan and Kuwait agreed to expand trade, investment, and industrial cooperation during a high-level meeting between SAPM Haroon Akhtar Khan and Ambassador Nasser Al-Mutairi in Islamabad. Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, held a meeting with the Ambassador of Kuwait to Pakistan, Nasser Abdulrahman Jassim Al-Mutairi, to…
Gold prices in Pakistan dropped sharply on Thursday, with 24-karat rates falling by Rs11,000 per tola to Rs468,262, reflecting declines in both local and international markets. Gold prices in Pakistan recorded a steep decline on Thursday, March 26, as the All Pakistan Sarafa Gems and Jewellers Association reported a major drop across all categories. The…
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Wednesday said the government was taking steps to provide maximum facilitation at ports to attract foreign cargo transshipment in view of the evolving regional situation. Chairing a high-level meeting to review issues faced by importers and exporters at ports, Junaid Chaudhry said Pakistan was…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved seven pension funds for the Government of Balochistan, marking the practical implementation of the Defined Contribution (DC) pension model in the province. This development is part of the government’s broader strategy to shift from the traditional Defined Benefit (DB) pension system to a more…
SBP revokes Dream Exchange licence, halting all forex operations as regulator tightens oversight of exchange companies amid compliance concerns. The State Bank of Pakistan has cancelled the license of M/s Dream Exchange (Private) Limited with immediate effect after finding serious violations of regulatory instructions, the central bank said on Tuesday. The decision bars Dream Exchange,…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has successfully enforced its order by recovering a cumulative penalty of PKR 40 million from United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited (IBL) for entering into an anti-competitive non-compete agreement in violation of Section 4 of the Competition Act, 2010. The enforcement follows the upholding…
Gold prices in Pakistan surged sharply on Tuesday reflecting strong gains in international markets and currency-linked pricing. Gold prices in Pakistan rose significantly as the All Pakistan Sarafa Gems and Jewellers Association reported a sharp increase across all major categories. The price of 24-karat gold per tola climbed to Rs464,062, marking a substantial rise of…
Gold prices in Pakistan plunged on Monday, with 24-karat gold falling Rs43,600 per tola to Rs447,762, according to data released by the All Pakistan Sarafa Gems and Jewellers Associations. The domestic bullion market recorded a steep decline across all major categories on March 23, reflecting a broad downward adjustment in line with international price movements…
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday said that the country’s ports remained fully operational on Eid day to facilitate exporters and importers, in line with the vision of Prime Minister Shehbaz Sharif.In a statement, Junaid Chaudhry said uninterrupted port operations during the festive occasion marked a significant step towards ensuring…
Pakistani rupee posts marginal gain as dollar eases slightly, while global currency markets remain volatile amid central bank signals and Middle East tensions. The Pakistani rupee strengthened marginally against the US dollar in the inter-bank market on Thursday, closing at 279.25, up by Re0.01 from the previous session’s close of 279.26. The minor appreciation reflects…