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Price of Gold in Pakistan Crosses Rs. 235,000 Per Tola

The price of gold in Pakistan crossed the Rs. 235,000 per tola barrier after an increase of Rs. 2,900 per tola on Friday.According to the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) j…

SBP Reserves Fall by $125 Million to Sink Below $8 Billion

The foreign exchange reserves held by the central bank decreased by $125 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.On August 18, the foreign currency reserves held by the SBP were recorded at…

Toyota Shuts Down Assembly Plant Due to Low Demand

Due to continued operational hiccups and economic challenges, Toyota Indus Motor Company (IMC) has announced another series of non-production days (NPDs).In an official notification to the Pakistan Stock Exchange (PSX), the company cited inventory sho…

Pakistan’s pharmaceutical goods export up 8 pct in July

Pakistan’s export of pharmaceutical goods witnessed a growth of 8.87 percent year on year in July, according to figures from the Pakistan Bureau of Statistics (PBS).The country exported pharmaceutical goods worth 26.205 million U.S. dollars in July, co…

Cotton Prices Report Massive Rise Amid Devaluation

Cotton and phutti prices are witnessing extraordinary increases across Pakistan, increasing by a record Rs. 700 per maund in just the last two days. It has brought a sign of relief for farmers as a further increase in prices is expected.The primary dr…

Sugar Exports Doubled in July Despite Local Price Hike

Sugar exports surged by a whopping 100 percent in July despite soaring retail prices, according to data by the Pakistan Bureau of Statistics.As citizens struggle with extortionate sweetener prices at home, sugar exports in July stood at 5,542 tons aga…

Askari Bank Launches 0% Markup Installments for Electric Bikes

Askari Bank has launched a new zero markup installment program for the National EV 70 electric bike. According to the details, the installment plan spans over 12 months and is only available on Askari’s Mastercard credit cards.National E-Vehicles (Pvt…

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