News

Gold sees Rs1,600 per tola correction

After reaching an all-time high in the previous session, gold prices in Pakistan dropped on Wednesday, mirroring a decline in international markets. The price of gold per tola fell by Rs1,600, settling at Rs301,500, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the 10-gram gold rate dropped by Rs1,372, bringing it down to Rs258,487. On Tuesday, gold ha

Russia, Pakistan agree to cooperate

Ambassador of Russia to Pakistan, Albert P. Khorev has said that Russia and Pakistan will focus on cooperation in energy and industry, including the modernisation of the Karachi Steel Mills, agriculture, and transport, in 2025. Russia stands ready to intensify cooperation with Pakistan on the use of international transport corridors "North-South" and "Belarus-Russia-Kazakhstan-Uzbekistan-Afghan

Government announces reduction in electricity prices across Pakistan

Electricity consumers across the country have received relief as the government announces a reduction in electricity rates by up to 1.23 rupees per unit. According to a notification, state-run distribution companies (DISCOs) consumers will benefit from a 1.22-rupee reduction per unit, while K-Electric users will see a 1.23-rupee cut. This price reduction stems from the monthly fuel price adjust

Sialkot Dry Port made TIR hub

National Logistics Corporation (NLC), in collaboration with the business community of Sialkot and other stakeholders, made Sambrial Dry Port as a TIR (International Road Transport) hub, empowering exporters to have direct access to the vast markets of Central Asia, Russia and beyond. With the activation of Sialkot Dry Port Trust, Sumbrial as a TIR hub, exporters and importers can now leverage h

187 mills shut down in Punjab

Economic nationalists have asked for the revitalisation of the struggling textile sector where the rapid closure of approximately 187 textile mills mainly in Punjab bristles with serious socio-economic repercussions for all stakeholders. Talking to The Express Tribune, they said first Faisalabad and secondly Karachi ooze huge potential in textile industries but they are being annihilated due to