Latest news with #Rs159
Business Recorder
5 days ago
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola in Pakistan
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
5 days ago
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
5 days ago
- Business
- Business Recorder
Gold price per tola surges Rs4,300 in Pakistan
Gold prices in Pakistan increased on Thursday in line with their rise in the international market. In the local market, gold price per tola reached Rs358,400 after a surge of Rs4,300 during the day. Similarly, 10-gram gold was sold at Rs307,270 after it gained Rs3,687, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price per tola remained stable at Rs354,100. The international rate of gold also gained on Thursday. The rate was at $3,400 per ounce (with a premium of $20), an increase of $43, as per APGJSA. Meanwhile, silver price per tola increased by Rs159 to settle at Rs3,745.
Express Tribune
14-04-2025
- Business
- Express Tribune
Pakistan to increase defence budget in FY 2025–26
Listen to article Pakistan is expected to increase its defence budget by Rs159 billion for the upcoming fiscal year 2025–26, taking the total allocation to Rs2,281 billion, Express News reported. According to official sources, the proposed budget represents a 7.49% rise compared to the current fiscal year's allocation of Rs2,122 billion for 2024–25. In the previous fiscal year (2023–24), the defence budget was Rs1,858.8 billion. The government raised defence spending by Rs263.2 billion in the current year, marking a 14.16% increase over the prior year. The consistent upward trend reflects the government's continued prioritisation of military and national security expenditures amid broader fiscal planning. Further details on sectoral allocations and new spending areas are expected in the formal budget announcement later this year.
Express Tribune
24-03-2025
- Business
- Express Tribune
Sugar price drops by Rs9 per kg
A good news for sweet tooths yearning for siwayyan, sheer khurma and mithais is that the price of sugar dropped by Rs9 per kilogram in a single day. Traders attributed the slump in white sugar rates to the government's crackdown against hoarders during the holy month of Ramazan. According to Karachi Wholesale Grocers Association Chairman Abdul Rauf Ibrahim, the price of sugar in the wholesale market Jodia Bazaar decreased from Rs168 per kilogram to Rs159 per kilogram. The ex-mill price of sugar also decreased to Rs156 per kilogram due to the crackdown. In the retail market, sugar is being sold for Rs175-180 per kilogram. Ibrahim further stated that the country has a sufficient stock of sugar, and no sugar exports are being made in order to meet local demand. He added that the government has fixed the sugar rate, putting an end to hoarding. It is expected that sugar prices will decrease further in the coming days.
