Gold rates in Visakhapatnam today slashes, check the rates on 13 August, 2025
While the Silver rate is at Rs. 1,25,000 per kilogram.
The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 90,000 for 10 grams of 24-carat gold and approximately Rs. 1,00,000 for 10 grams of 22-carat gold.
The gold prices mentioned here are due at 8am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned prices here are closing prices of yesterday while today's price would begin either with a decrease or increase.
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Time of India
39 minutes ago
- Time of India
'Kingdom' box office collection Day 15: Vijay Deverakonda starrer struggles amid 'Coolie', 'War 2' release; Collections see sharp decline on Thursday
Picture Credit: X Vijay Deverakonda 's 'Kingdom', which hit theatres on July 31, seems to be losing steam at the box office. The spy action drama has been facing an uphill battle in recent days, especially with massive releases like Rajinikanth's 'Coolie' and Hrithik Roshan and Jr NTR's 'War 2' taking over the prime spots in cinemas. This fierce competition has pushed 'Kingdom' to the sidelines, resulting in a drastic drop in its earnings. According to early estimates from Sacnilk, Kingdom managed to collect just Rs 2 lakh on Thursday, August 14, its 15th day in theatres. This marks one of the lowest single-day earnings for the film, which hasn't crossed the Rs 1 crore mark on any day since its second Sunday. On Day 11, the film earned Rs 1.15 crore, but the numbers took a steep dive soon after. The second Monday brought in Rs 0.47 crore, followed by Rs 0.43 crore on Tuesday, and Rs 0.27 crore on Wednesday. With Thursday's early estimate of Rs 2 lakh, the total box office collection for 'Kingdom' now stands at Rs 51.94 crore. Theatre occupancy On August 14, 'Kingdom' recorded an overall Telugu occupancy of just 16.15%. Morning and afternoon shows saw no footfall at all, while evening shows drew 14.07% and night shows peaked slightly at 18.23%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Such figures indicate that the film is struggling to hold audience attention amidst the dominance of newer, high-profile releases. The sharp drop in both collections and occupancy signals that the film's theatrical run may be nearing its end unless it finds renewed momentum over the weekend. About 'Kingdom' Directed by 'Jersey' fame Gowtam Tinnanuri , the movie tells the story of Surya, who is an undercover police constable in Sri Lanka, looking to dismantle a smuggling syndicate while reconnecting with his estranged brother. It stars Vijay Deverakonda, Bhagyashri Borse, Satya Dev, and Ayyappa P Sharma in key roles. DISCLAIMER: The box office numbers in this article are compiled from our proprietary sources and diverse public data. While we strive for accuracy, all figures are approximate unless explicitly mentioned, offering a fair representation of the project's box office performance. We are open to feedback and suggestions on toientertainment@ "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."
Business Recorder
an hour ago
- Business Recorder
Debt re-profiling with Chinese IPPs: PD, FD likely to share implementation proposal
ISLAMABAD: The Power Division and the Finance Division are likely to share final proposal for complete implementation of power sector debt re-profiling with Chinese IPPs to impact the existing tariff with Prime Minister Shehbaz Sharif in a few days, well informed sources told Business Recorder. This information was recently shared by the Power Division with the Prime Minister, following which Chinese Ambassador to Pakistan Jiang Zaidong held a meeting with the Minister for Power Sardar Awais Khan Leghari. China International Capital Corporation (CICC) had initiated the due diligence which halted for awhile, after the killing of three Chinese officials near Karachi airport in a suicide attack. Currently, Central Power Purchasing Agency-Guaranteed (CPPA-G), the Market Operator (MO) owes about Rs 475 billion to Chinese CPEC IPPs. Chinese IPPs face Rs500bn in unpaid dues The government wants the Chinese IPPs to write-off huge Late Payment Surcharge (LPS) which they have not agreed to and have urged Pakistani authorities to take up this thorny issue with Beijing as they are unauthorized to take any final decision on it. Prime Minister, Sharif who is visiting China to attend the Shanghai Conference at the end of current month, is expected to table this issue before the top Chinese leadership. Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, who also heads CPEC affairs is finalizing the wish list for the Prime Minister. Power Division with the support of Finance Division is finalizing the requisite documents with about 18 commercial banks to disburse the amount of Rs 1.275 trillion to retire power sector circular debt to bring it down from current level of Rs 1.614 trillion to around Rs 330 billion. The sources said since a major chuck of banks loans of Rs 1.275 trillion are to be given to the ' protesting' Chinese CPEC IPPs, the government wants a discount like offered by other IPPs on account of LPS. This will have significant impact on the balance sheets of Power Holding Limited (PHL). 'Circular debt swap arrangement is under discussion for loan of Rs 1.225 trillion to be parked in CPPA-G. Base loan of PHL of Rs 660 billion is assumed for FY 25 with additional loan Rs 565 billion to be availed from commercial banks ,' the sources quoted Power Division as informing the Prime Minister. Swap of circular debt stock of Rs 2.4 trillion in six years is to be through re-financing of Rs 1.275 trillion at cheaper rates to be serviced by Debt Service Surcharge (DSS) of Rs 3.34 / kWh. However, this cap will be removed as per agreement with the IMF to bridge any gap in collection. The Cabinet approved the transaction on June 18, 2025 with 16 documents received from banks and 5 documents awaited. In this regard Power Division's team was in Karachi to finalize the remaining documents with the banks. The package is to be executed on Friday (Aug 15) or next week. Drawdown to be in place on execution within 90 days. Power Division has harvested Rs 260 billion LPI waiver as of June 30, 2025 whereas Rs 76 billion is under negotiation- nuclear Rs 32 billion + 17 billion RLNG, Uch 8 billion and Rs 19 billion miscellaneous. According to Power Division, it has signed renegotiated settlement agreements with 42 power projects of which contracts of 6 were terminated. Tariffs with 16 thermal power plants, 9 baggasse-fired power plants, 4 GPPs/RLNG, 2 Gencos, 6 nuclear power plants have been completed. The reduction is now translated through QTAs. The Prime Minister has also been informed that negotiations with 34 power projects are also underway. Of this 3 projects are hydel of KPK, 3 SHPs in GEPCO jurisdiction, 18 CPEC (5 wind, 3 solar, 1 HVDC, 7 coal, 2 hydel) 2 Korean, (Laraib and Lucky), 3 DFC Wind and WAPDAs' Neelum Jhelum Hydropower project is expected to be operational after two years. Copyright Business Recorder, 2025
Business Recorder
an hour ago
- Business Recorder
MoF gives the conditional go-ahead
ISLAMABAD: The Ministry of Finance has reportedly given no objection to the import of sugar subject to the condition that no financial liability shall arise on the part of federal government as a deal is finalized with Azerbaijan's SOCAR, well-informed sources told Business Recorder. The Finance Division has stipulated that the subsidy implication of proposed import of sugar may be borne by the respective provinces for which a prior firm commitment may be obtained. Moreover, keeping in view, large amount of TCP receivables against the provinces for the past import operations, the payment may be made by the provinces to TCP on upfront basis to avoid undue accumulation of markup and receivables for TCP. Sugar crisis: Finance minister Aurangzeb, CCP chairman Sidhu discuss ways to stabilise market The Finance Division has also advised that the proposed import of sugar shall be carried out in staggered manner, aligned with the domestic price stabilization goals and assessed domestic demand as and when required. 'A robust regulatory framework shall be introduced to track the quantity, pricing and distribution of imported sugar to ensure that the proposed objectives are fulfilled,' the sources said adding that a revised Cash Credit Limit (CCL) for this quarter amounting to Rs 461,477.222 million to TCP has been issued by Finance Division keeping in view the import of 500,000 MT of sugar for which TCP requires an additional Rs. 115 billion. The sources further stated that the Federal Cabinet has approved import of sugar from SOCAR due to emergency situation on the recommendations of Special Committee headed by Senator Ishaq Dar, Deputy Prime Minister. According to Ministry of National Food Security and Research, at the time of closure of the crushing season 2024-25, it was observed that the sugar stocks in the country, including the 500,000 MT buffer stock of previous year, would be barely enough for meeting the domestic requirement before start of the next sugarcane crushing season. The stockists and the hoarders started to take advantage of the tight stock position and a sharp increase was observed in the sugar prices in the country. The government immediately initiated administrative measures to ensure the supply chain a smooth working without any bottlenecks. However, in order to replenish domestic stock Ministry of National Food Security initiated a summary for import of 500,000 MT of sugar. The task of importing was assigned to the Trading Corporation of Pakistan (TCP). The first tender was floated on 10th July and the bids were opened on 22nd July, 2025. Two firms submitted their refusals due to terms and conditions, so practically no bid was received. In view of the situation, the Steering Committee (established to facilitate the import process), in its meeting held on 23rd July, 2025 decided to issue another tender with revised terms and conditions to seek fresh interest from the suppliers. During the meeting the Trading Corporation of Pakistan noted that beside the tendering they have also approached potential suppliers from different countries for G2G supplies. Azerbaijan's SOCAR responded positively and submitted proposals for supply of 100,000 MT of medium grain sugar @ $ 570/MT at Karachi and $ 575/MT at Gwadar Port. TCP was directed to negotiate a possible reduction in the rate offered by SOCAR. On July 31, 2025 the Committee under the chairmanship of Deputy Prime Minister, reviewed the procurement process. The TCP informed that they have received four bids against the 2nd tender for supply of sugar but three of the bidders did not meet the price and the crystal size of the grains given in the tender documents. So, they were declared as ineligible, whereas one qualified bidder has quoted the price of $ 599/MT (which is way above the offer of the SOCAR). After detailed discussion, the Committee directed TCP to once again negotiate with SOCAR for further price reduction and also to reduce the supply timelines. The Chairman, TCP informed the Committee that they have already re-negotiated the price with SOCAR which has offered a revised rate of $ 559/MT for order of 100,000 MT and the price would be reduced if order is enhanced to 200,000 MT, bringing down the rate to $ 558/MT at Karachi Port. After detailed discussions and analyses of the tendering process and the offer of SOCAR, the Committee directed that the following recommendations may be placed before the Cabinet for its consideration/approval: (i) given the emergency situation of possible shortages of sugar in the country and the fact that the two tenders floated for the supply of sugar were non-responsive and the rates. offered by SOCAR being competitive, MNFSR shall invoke the provisions of alternate method of procurement provided under Section-42(c)(v) of PPRA Rules-2004, to enable TCP to procure 200,000 MT sugar from SOCAR with first shipment of 100,000 MT arriving Karachi before September 30, 2025 and to ensure the arrival of another 100,000 MT by mid of October, 2025; (ii) Cabinet may extend the deadline of FBR's SROs No. 1215(1)/2025, 1216/2025 and 1217(1)/2025 of July 8, 2025 from September 30, 2025 to November 30, 2025 to cover the arrival of the 2nd consignment tax free and; (iii) in order to keep the cost of import at reduced level, exemption may be granted from 60% mandatory landing requirement of government consignments at Gwadar Port as per Cabinet Decision of September 12, 2024. According to sources, the Cabinet accorded the approval on a summary of Ministry of National Food Security and Research through circulation. The Cabinet Division has also sought implementation status of its decision. Copyright Business Recorder, 2025
