In the international bullion market, the price of gold per ounce increased by $2, bringing the new global rate to an all-time high of $2,799 per ounce. Meanwhile, in the local market, the price of 24-karat gold per tola saw an increase of Rs200 on Monday, reaching a new rate of Rs292,400. Similarly, the price of 10 grams of gold rose by Rs171, bringing it to Rs250,685. Experts attribute this
Pakistan's consumer price index (CPI) inflation dropped to 2.41% year-on-year (YoY) in January 2025, marking its lowest level in 111 months, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The inflation rate reflects a sharp disinflationary trend, down from 4.1% in December 2024 and significantly lower than 28.3% in January 2024. On a month-on-month (MoM) bas
Pakistan's trade deficit remained high at $2.3 billion in January 2025 after imports stayed above $5.2 billion for the second consecutive month, the national data collecting agency reported on Monday. Exports too exhibited a healthy growth momentum and stood close to $3 billion. But these are still not enough to plug the gap despite having restricted imports. Pakistan Bureau of Statistics (P
Local dispatches by cement manufacturers reached 3.313 million tons in January 2025 compared to 2.967 million tons in the same month of last year, showing an increase of 11.64%, as per data released by the All Pakistan Cement Manufacturers Association (APCMA). In a statement, the industry lobby commented that the domestic cement sales increased after many sluggish months. Exports rose 30.25%
The government on Monday tightened conditions for availing the export facilitation scheme (EFS) after manufacturers massively misused a facility intended to boost exports. The Economic Coordination Committee (ECC) of the Cabinet approved major amendments to the 2021 Export Facilitation Scheme, aiming to limit its misuse and prevent tax evasion through raw material imports. A key issue was manuf