Gold prices in Pakistan reached a new all-time high of Rs254,000 per tola (11.66 grams) on Thursday, driven by international investors taking heavy positions in anticipation of the US central bank cutting interest rates in September 2024. The bullion surged by Rs4,600 per tola, setting a new record after the commodity spiked by $60 per ounce (31.10 grams) to $2,470 in the global market, accordi
Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has underscored the critical importance of cancelling all agreements with independent power producers (IPPs) and procuring electricity from cheaper sources without any capacity charges. A consensus in that regard was reached at a think tank session of the PCJCCI held at the Chamber Secretariat on Thursday. “Despite a vast potenti
Despite grappling with the triple crises of food, fuel, and finance, Pakistan has made progress in implementing the Sustainable Development Goals (SDGs), aimed at ending poverty, protecting the planet, and improving lives worldwide. Speaking at the High-Level Political Forum under the auspices of the UN Economic and Social Council, Ambassador Usman Jadoon, acting permanent representative to the
Incarcerated PTI leader Imran Khan “will remain imprisoned for the foreseeable future” despite his successful legal appeals in April and June, Business Monitor International (BMI), an arm of the Fitch credit ratings agency, has said in its latest country risk report for Pakistan. The comprehensive report, a copy of which became available to Dawn.com today, includes 10-year forecasts extending t
The $60 per ounce jump in the international gold price to $2,470 pushed the domestic rates for the yellow metal to an all-time high of Rs254,000 per tola and Rs217,764 per 10 grams. The previous peak was recorded in the third week of April at Rs252,000 per tola and Rs216,221 per 10 grams, respectively. The All Sindh Saraf Jewellers Association (ASSJA) said the 24-karat gold price surged by