Pakistan Sugar Mills Association (Punjab Zone) has said that the sugar industry appreciates and supports efforts of federal and provincial governments to provide the cheapest possible sugar to consumers in Ramazan and it will make discounted sugar available at Rs130 per kg through sale points to be established throughout the country. Commenting on current sugar prices, a spokesman for the assoc
Gold prices continued their upward trajectory on Tuesday, in line with the international market trend. The price of gold per tola rose Rs1,000, reaching Rs304,200, while the 10-gram price increased Rs857 to Rs260,802, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). This follows a Rs1,700 per-tola increase recorded on Monday. On the global front, gold prices also ex
Reko Diq Mining Company has expressed concern over the government's inability to comply with obligations under the Security Services Framework Agreement (SSFA) and a memorandum of understanding (MoU). Sources said that the government's failure to meet obligations under the SSFA and MoU forced Reko Diq Mining company to incur additional costs of $390,000. The Prime Minister's Office has requeste
Pakistan's current account slipped into a deficit of $420 million in January 2025, marking the highest monthly deficit since June 2024. This comes after the country posted a surplus of $474 million in December 2024, reflecting renewed pressure on the external account amid rising imports and foreign payment obligations. Supported by robust remittances, the country's current account posted a surp
Bulls dominated the trading floor on Tuesday at the Pakistan Stock Exchange (PSX) as shares rose by nearly 1,400 points, with experts citing “good corporate results” as the reason for the uplift. The rise comes after the market sustained a three-week losing streak, despite bearish performances in the last three sessions due to political noise and reciprocal tariffs imposed by US President Donal