On Friday, gold prices in Pakistan surged once more, reflecting an increase in global rates. The price for gold per tola climbed by Rs2,400, reaching Rs257,300. Meanwhile, the cost for 10 grams of gold rose by Rs2,057, totaling Rs220,593. This rise follows an earlier increase of Rs1,400 per tola on Thursday. Such fluctuations are closely…
Following two consecutive increases in fuel prices, Pakistan is expected to see a reduction in petroleum product prices starting August 1. Recent international market trends indicate a drop in petroleum prices over the last 15 days. Specifically, the global price of petrol has decreased by $2 per barrel, while diesel has fallen by $3 per…
Pakistan’s rice export sector achieved a remarkable milestone in the fiscal year 2023-24, witnessing a substantial growth of 74.8% to reach a record high of $3.68 billion. This surge was primarily fueled by India’s restrictions on rice exports during this period. Compared to the previous year’s $2.11 billion, this significant increase stands out, far exceeding…
On July 16, 2024, the federal government announced a significant rise in fuel prices across Pakistan. Effective immediately, the price of petrol has surged by Rs9.99 per litre, reaching Rs275.60. Simultaneously, the cost of high-speed diesel (HSD) has increased by Rs6.18 per litre, now priced at Rs283.63. The Finance Division has confirmed these adjustments, attributing…
Pakistan’s rice industry has achieved a significant milestone, with exports totaling $3.88 billion during the fiscal year 2024. This marks a remarkable 78% increase in export value compared to previous periods. The volume of rice exported also saw a substantial rise, reaching 6 million metric tons, which reflects a 60% increase. This surge in exports…
The Pakistan Petroleum Dealers Association has declared a nationwide strike of petrol pumps starting July 5 in response to the government’s introduction of a new 0.5% advance tax on petrol sales. Chairman Abdul Sami Khan has expressed deep apprehension regarding the implications of this tax. Khan emphasized that when combined with already slim profit margins…
PIA Offers Significant Discount on Umrah Flights to Saudi Arabia Pakistan International Airlines (PIA) has announced a substantial reduction in airfares for Umrah pilgrims traveling to Saudi Arabia. The discounted fares are available for passengers flying from various cities in Pakistan to Medina. Fare Details: Comparison:The reduced fares represent a decrease of Rs34,000 from the…
Starting July 1st, the government has announced a significant increase in petrol and high-speed diesel prices in response to international market fluctuations. Petrol prices will rise by Rs7.45 per litre, reaching Rs265.61 per litre, while high-speed diesel will see an increase of Rs9.56 per litre, setting its new price at Rs277 per litre. These adjustments,…
In a significant development, fuel prices are set to increase significantly starting July 1, 2024. According to industry insiders, the price hike is expected to be substantial, with: Based on these projections, consumers can expect to pay: These estimates do not take into account any changes to the exchange rate. If the government decides to…
Starting July 1, as part of the approved fiscal year 2024-25 budget, the federal government has implemented increased excise duties on business and club class air tickets for various international destinations: These adjustments reflect significant increases in excise duties aimed at generating additional revenue from international air travel sectors.