Gold prices in Pakistan scaled another record high on Saturday, tracking a powerful rally in international bullion markets driven by geopolitical tensions, safe-haven demand, and speculative momentum. In the local market, the price of gold per tola rose by Rs6,500 to reach Rs521,162, while 10-gram gold increased by Rs5,573 to settle at Rs446,812, according to rates released by the All-Pakistan
Pakistan's power sector does not suffer from a lack of oversight; it suffers from too much of it – poorly aligned. More regulators are not the answer to put the house in order. This is what is happening in the energy sector. Every rupee on an electricity bill is shaped by a maze of regulators, auditors, market operators, cabinet committees and state-owned companies. Yet despite this dense web o
Pakistan's recent decision to establish the Land Port Authority is, in principle, a sensible institutional reform. After nearly two decades of discussion, the country now has a dedicated body tasked with regulating, modernising, and facilitating trade through its land ports. For a country that repeatedly declares exports and trade competitiveness as national priorities, such an authority should
Mari Energies Limited announced on Monday a gas discovery at the Tibri-1 exploratory well, drilled in the Kalchas South Block, located in Dera Bugti District, Balochistan. “Kalchas South joint venture comprises United Energy Pakistan Limited (UEPL) as Operator with a 46% working interest, Mari Energies Limited with 44% working interest, and Dewan Petroleum (Pvt.) Limited (DPL) holding 10% worki
Packages Limited (PKGS), Pakistan’s largest paper and board producer, has informed its stakeholders that it has received a redemption notice from the International Finance Corporation (IFC), a member of the World Bank Group, for a portion of its outstanding preference shares. The listed company disclosed development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “Packages Limite