Gold price per tola gain Rs600 in Pakistan
Similarly, 10-gram gold was sold at Rs302,554 after it gained Rs514, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold price per tola reached Rs352,300 after a decline of Rs6,100 during the day.
The international rate of gold also surged on Wednesday. The rate was at $3,345 per ounce (with a premium of $20), an increase of $6, as per APGJSA.
Meanwhile, silver price per tola remained stable at Rs3,745.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
11 hours ago
- Business Recorder
Gold price per tola falls Rs100 in Pakistan
Gold prices in Pakistan decreased on Friday in line with their decline in the international market. In the local market, the gold price per tola reached Rs352,900 after a loss of Rs100 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs302,555 after it shed Rs86. On Thursday, the gold price per tola reached Rs353,000 after a loss of Rs2,000 during the day. The international rate of gold decreased today. As per APGJSA, the rate was at $3,302 per ounce (with a premium of $20), a loss of $1. Meanwhile, the silver price per tola remained stable at Rs3,900 during the day.
Business Recorder
2 days ago
- Business Recorder
Fisheries and Aquaculture Parks: Chinese businessmen seek initiating solarisation
ISLAMABAD: A high-level delegation of Chinese businessmen from the All-China Federation of Industry and Commerce (ACFIC) has expressed strong interest in initiating the solarisation of Fisheries and Aquaculture Parks in Pakistan, said a press release. The initiative aims to ensure clean and uninterrupted energy for business operations, enhance efficiency, and attract greater international investment to Pakistan's ports. This development emerged during a meeting held in Islamabad on Wednesday between Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, and a five-member delegation led by Yi Jiang. The ACFIC serves as China's national chamber of commerce for private enterprises, working to promote public-private partnerships and support China's non-public economy. Its key focus areas include industry, trade, manufacturing, technology, and commerce. Speaking to the delegation, Minister Junaid Chaudhry highlighted Pakistan's commitment to harnessing the potential of its blue economy. He noted that the solarization of Fisheries and Aquaculture Parks would mark a significant step toward advancing sustainable maritime development under the China-Pakistan Economic Corridor (CPEC) framework. The meeting reaffirmed Pakistan's resolve to develop environmentally sustainable infrastructure along its coastlines, especially in Gwadar, to unlock new opportunities in seafood processing, marine aquaculture, and logistics—critical components of the nation's blue economy strategy. The minister informed the delegation that Pakistan's blue economy is gaining momentum and contributed approximately USD 1 billion about 0.4% of the national GDP, in the fiscal year 2023–24. He also shared that seafood exports to China reached $125 million last year, signalling growing commercial collaboration between the two nations. Maritime Minister encouraged Chinese investors to explore opportunities in Gwadar's Free Zones. 'The South Free Zone is now fully operational with a modern 2,000-ton capacity cold storage facility,' he said. 'Simultaneously, development in the North Free Zone is progressing steadily.' He emphasised Gwadar Port's potential to emerge as a major regional logistics hub, owing to its strategic location and improving infrastructure. 'Our vision is to develop Gwadar into a clean, energy-efficient, and investor-friendly port,' he stated, reaffirming government support for renewable energy initiatives in the maritime sector. The Chinese delegation welcomed the minister's proposals and discussed potential avenues for collaboration in trade logistics and port operations. 'Gwadar's location near key sea routes, coupled with the incentives offered by Pakistan, makes it an ideal transshipment gateway,' one delegation member noted. Both sides agreed to maintain regular engagement to translate their shared vision into tangible projects that enhance regional connectivity, trade facilitation, and sustainable development of Pakistan's coastal assets. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business Recorder
Chinese team shows keen interest in energy-related industries
ISLAMABAD: A Chinese business delegation, led by Yi Jiang, Director of the All-China Federation of Industry and Commerce (ACFIC), met with Federal Minister for Energy Sardar Awais Ahmad Khan Leghari at the Ministry of Energy. The meeting held detailed discussions on investment in Pakistan, relocation of Chinese industries to Pakistan, technology transfer, and potential cooperation in the energy sector. The Chinese delegation informed the Federal Minister that ACFIC, a representative organization of China's private business community, is now actively exploring business opportunities and forming partnerships in 155 partner countries. The delegation stated that they have come with practical plans for major initiatives, including the relocation of Chinese industries to Pakistan, engagement with the local business community, and technology transfer. Team comprising over dozen Chinese companies arrives in Pakistan The delegation expressed particular interest in energy-related industries, such as electric vehicles, charging stations, solar products, and lithium storage. Praising the Matiari transmission line project as a successful model, the delegation noted that investment in Pakistan can meet not only local but also regional needs. Regarding crypto mining, they referred to it as a potential means to introduce flexibility in the national grid. Welcoming the delegation, Federal Minister Sardar Awais Leghari stated that the Government of Pakistan is fully prepared to facilitate industrial cooperation and technology exchange. However, he clarified that given the current financial situation the government cannot afford to provide electricity to any industry at subsidized rates. He advised the delegation that if there is a proposed model that does not require government subsidies, it should be presented with complete data and details. He also said the government would consider all proposals that demonstrate clear financial benefits and align them with the national interest. Copyright Business Recorder, 2025
