Latest news with #Rs352
Business Recorder
09-05-2025
- Business
- Business Recorder
Gold price per tola declines Rs1,800 in Pakistan
Gold prices in Pakistan declined on Friday in line with their fall in the international market. In the local market, gold price per tola reached Rs350,900 after it lost Rs1,800. Similarly, 10-gram gold was sold at Rs300,840 after it registered a decline of Rs1,543, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs352,700 after it lost Rs4,200. Moreover, the international rate of gold also declined on Friday. As per APGJSA, the rate was at $3,325 per ounce (with a premium of $20), a decrease of $18 during the day. Furthermore, silver price per tola remained at Rs3,417.
Express Tribune
09-05-2025
- Business
- Express Tribune
SBP reserves strengthen by $118m
Listen to article The State Bank of Pakistan (SBP) reported a week-on-week increase of $118 million in its foreign exchange reserves, taking the total to $10.3 billion as of May 2, 2025. According to the latest data released on Thursday, Pakistan's total liquid foreign reserves stood at $15.5 billion, including $5.2 billion held by commercial banks. The uptick in SBP reserves signals improved external account stability, offering some relief amid ongoing economic challenges. While the central bank did not specify the source of the increase, such gains are typically attributed to inflows from multilateral institutions, exports, or remittances. Gold prices in Pakistan declined on Thursday, mirroring a downward trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold fell by Rs4,200 per tola, bringing it down to Rs352,700 in the local market. Similarly, the rate for 10 grams of gold dropped by Rs3,601, settling at Rs302,383. This followed a modest gain on Wednesday, when the price per tola had risen by Rs800, reaching Rs356,900. Internationally, gold prices also slipped on Thursday. The global rate stood at $3,343 per ounce (including a $20 premium), reflecting a $42 decrease for the day, as per APGJSA. Adnan Agar, Director at Interactive Commodities, commented on the recent decline in gold prices, stating, "As news emerges regarding ongoing China-US trade talks, we are seeing downward pressure on gold. Market sentiment is shifting towards risk-on assets, reducing the appeal of safe havens like gold." Gold prices inched lower on Thursday, ahead of US President Donald Trump's likely announcement of a trade deal between the United States and Britain. Spot gold was down 0.1% to $3,362.19 an ounce as of 1318 GMT, after rising 1% earlier in the session. US gold futures slipped 0.7% to $3,368.50. "The gold market has been very volatile. What you're seeing are short-term investors buying and selling based on news headlines," said Jeffrey Christian, managing partner of CPM Group. Meanwhile, the Pakistani rupee recorded a slight depreciation against the US dollar for the fifth day in a row, edging down by 0.02% in the interbank market on Thursday. By the end of the trading day, the rupee settled at 281.52, marking a minor loss of Rs0.05 compared to Wednesday's closing rate of 281.47. On the global front, the US dollar remained firm against the euro on Thursday, maintaining gains from the previous daythe strongest in two weeksafter the Federal Reserve highlighted growing economic risks from elevated inflation and rising unemployment.
Business Recorder
08-05-2025
- Business
- Business Recorder
Gold price per tola falls Rs4,200 in Pakistan
Gold prices in Pakistan fell on Thursday in line with their decline in the international market. In the local market, gold price per tola reached Rs352,700 after it lost Rs4,200. Similarly, 10-gram gold was sold at Rs302,383 after it registered a decline of Rs3,601, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Wednesday, gold price per tola reached Rs356,900 after it gained Rs800. Moreover, the international rate of gold also increased on Thursday. As per APGJSA, the rate was at $3,343 per ounce (with a premium of $20), a decrease of $42 during the day. Likewise, silver price per tola decreased by Rs65 to settle at Rs3,417.
Time of India
03-05-2025
- Automotive
- Time of India
Sticker parking system at GRH from May 5 to ease congestion
Madurai: To tackle growing congestion and streamline parking, the Government Rajaji Hospital (GRH) in Madurai will introduce a sticker-based parking system from Monday, May 5. The move aims to curb haphazard parking and reduce thefts within the busy Goripalayam campus. According to a statement from the dean's office, vehicle access will be regulated using official stickers issued to doctors, nurses, hospital staff, and departmental personnel. These vehicles will be allowed into designated zones inside the campus. Visitors and patient attenders must park along specially earmarked spaces near the hospital's outer boundary. Critically ill patients will be allowed vehicle drop-offs at specific medical blocks. The new system comes amid mounting complaints of traffic chaos within the hospital, worsened by a sharp rise in footfall. The recent opening of a 22-theatre surgical block, spread across 2.9 lakh sq ft and built at a cost of Rs352 crore, has added pressure on the already strained parking infrastructure. The block lacks a dedicated parking area, a shortcoming flagged by both visitors and traffic activists. GRH is one of Tamil Nadu's busiest government hospitals, serving patients from districts like Theni, Sivagangai, and Virudhunagar. On average, the campus sees over 12,000 people daily. Police estimate that more than 4,000 vehicles are parked in and around the hospital each day, causing bottlenecks and delaying emergency services. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 10 Mysterious Photos That Cannot Be Explained True Edition Undo "Ambulances and even water tankers are struggling to move inside the campus," said a hospital official, adding that outsiders also leave their vehicles inside the compound before heading elsewhere in the city. Vehicle thefts have also been reported. Past efforts, such as converting Panagal Road into a one-way, have done little to ease congestion. With inadequate parking, visitors now spill over onto nearby streets like Siva Shanmuga Pillai Road and Vaithiyanatha Iyer Road. Traffic activists have criticised the lack of planning. "The administration should have accounted for parking needs when building the new block. Now that it's about to go fully operational, the situation could deteriorate further," said T Nageshwaran, a traffic activist.
Business Recorder
25-04-2025
- Business
- Business Recorder
Gold price per tola falls Rs3,300 in Pakistan
Gold prices decreased in the local and international markets. In Pakistan, gold price per tola reached Rs348,700 after it shed Rs3,300 on Friday. Similarly, 10-gram gold was sold at Rs298,950 after it registered a decline of Rs2,833, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola remained unchanged at Rs352,000. The international rate of gold also declined on Friday. As per APGJSA, the rate was at $3,305 per ounce (with a premium of $20), a decrease of $33 during the day. Meanwhile, silver price increased by Rs40 to settle at Rs3,497 per tola.
