Gold continued to shine as 10-gram and one-tola rates hit a new all-time high of Rs246,828 and Rs287,900 on Tuesday, up by Rs2,486 and Rs2,900, respectively, day-on-day. As per All Sindh Saraf and Jewellers Association (ASSJA), an increase of $29 per ounce to $2,784 pushed up domestic rates, which also included a $20 per ounce premium in the global bullion rates which the association had starte
Expressing concerns over cotton production and confusing signals from the manufacturing sector, the government expressed “cautious optimism” on Wednesday about sustainable economic recovery and a further deceleration in inflation. “Inflation will remain within the range of 6-7 per cent in October and further down to 5.5-6.5pc in November,” said the Ministry of Finance (MoF) in its Monthly
The National Electric Power Regulatory Authority (Nepra) announced on Wednesday that electricity rates for consumers of ex-Wapda distribution companies (Discos) will be higher next month despite lower fuel costs. During a public hearing on fuel cost adjustments (FCA) for September’s electricity consumption, a Nepra case officer said that “there would be a net increase of 15 paise per unit for c
The revision of property valuation rates by the Federal Board of Revenue (FBR) for 47 cities across the country is expected to impact the real estate sector, particularly buyers and sellers, in the days to come. The FBR was supposed to revise valuation tables for 56 cities. However, the release of tables for nine cities has been delayed, an official told Dawn. These cities include Karachi, I
The bidding for the privatisation of Pakistan International Airlines (PIA) is scheduled for today (Thursday), with reports suggesting that only one of the six pre-qualified bidders has submitted the required earnest money to participate in the process. The Privatisation Commission had initially pre-qualified six bidders, including Fly Jinnah, a consortium led by YB Holdings (Pvt) Ltd, Airblu