The price of 24-karat gold in Pakistan decreased by Rs200 per tola, settling at Rs241,300 on Saturday, compared to Rs241,500 the previous day. Similarly, the price for 10 grammes of 24-karat gold dropped by Rs171, from Rs207,047 to Rs206,876, according to the All Sindh Sarafa Jewellers Association. In the 22-karat category, the price for 10 grammes also experienced a decline, falling from Rs189,793 to Rs189,636. Conversely, the prices of silver remained stable. The cost of one tola of silver held steady at Rs2,750, while the price for 10 grammes of silver remained unchanged at Rs2,357.68. Despite the domestic decline, the…
Author: Saifullah
Read More
Prime Minister Shehbaz Sharif emphasized the significant financial benefits of the E-Office system, projecting that its implementation could save the national exchequer billions of rupees. During a crucial review meeting in Islamabad, the PM discussed the transition of federal government ministries and institutions to the E-Office platform. He noted that reducing paper usage would not only lead to substantial cost savings but also positively impact the environment. “The primary objective of adopting the E-Office system is to enhance public service delivery and promote transparency within the government,” PM Shehbaz stated. He stressed the need to accelerate the transition process and…
As global oil prices continue to fall, there is growing optimism that petrol prices in Pakistan may decrease. The government is expected to announce the new prices at midnight on June 15, 2024, which will remain effective until the end of the month. Today, global oil prices declined, reversing some of their weekly gains due to a broader financial market risk-off sentiment and indications of strong global supply. Brent crude traded near $82.41 per barrel, marking a 0.41 percent decrease for the day but a 3.65 percent increase for the week. Similarly, West Texas Intermediate (WTI) crude was priced at…
The Karakoram International University (KIU) Syndicate has decided to shut down its sub-campuses in Chilas, Ghizer, and Hunza due to severe financial constraints, jeopardizing the future of 1,500 students and over 100 staff members. The decision was made during an emergency meeting chaired by KIU Vice-Chancellor Dr. Attaullah Shah. The university is grappling with a Rs300 million shortfall, which has now increased by an additional Rs200 million due to the federal government’s salary hike decision. The combined deficits of KIU and the University of Baltistan (UoBS) now stand at Rs500 million and Rs150 million, respectively. Dr. Shah expressed deep concern…
The Pakistan Stock Exchange (PSX) continued its upward trajectory on Friday, with the KSE-100 index climbing by 498.61 points or 0.65 percent to reach a historic high of 76,706.7. This follows Thursday’s remarkable gain of 3,411 points or 4.7 percent, marking the largest increase since the International Monetary Fund’s (IMF) bailout package last year. Positive investor sentiment was bolstered by the government’s decision to keep the capital gains tax rate unchanged. Starting the week at 73,754 points, the PSX closed at 76,706 points, marking an increase of 2,952 points over five trading sessions. During Friday’s trading session, the index fluctuated…
Sindh Chief Minister Syed Murad Ali Shah, who also serves as the Finance Minister, presented the budget for the fiscal year 2024-25 in the Sindh Assembly on Friday. Addressing the budget session, CM Murad Ali Shah announced a total budget outlay of Rs3.056 trillion for the province. Key Highlights of the Budget: Salary Increases: 30% raise for Sindh government employees in grades 1 to 16 22% raise for employees in grades 17 to 22 15% increase in pensions Minimum wage raised from Rs35,550 to Rs37,000 Sector Allocations: Rs519 billion allocated for education Rs334 billion allocated for the health sector Rs56…
In a tense rescue effort unfolding in Gilgit-Baltistan, army helicopters have pinpointed potential traces of two Japanese climbers who went missing during their ascent of the 7,027-meter Spantik Peak, also known as Golden Peak. Shigar Deputy Commissioner Waliullah Falahi confirmed the development, stating that although the climbers’ exact location remains unconfirmed, initial signs have been spotted around 5,500 meters, between Camp 2 and Camp 3. The climbers, Ryuseki Hiraoka and Atsushi Taguchi, were last seen at Camp 2, and concerns arose when they did not arrive as expected at subsequent checkpoints. The search operation, initiated early Thursday morning, involved multiple…
In a devastating incident south of Kuwait City, a deadly blaze engulfed a six-storey building housing immigrant workers, resulting in a tragic loss of life. According to Kuwait’s Foreign Minister, the death toll has risen to 50, with most of the victims being from India. Additionally, three Filipinos lost their lives in the fire, while many others sustained injuries. The fire broke out early Wednesday morning in Mangaf, causing black smoke to billow from the building that accommodated nearly 200 workers. The majority of Kuwait’s population consists of foreigners, mainly from South and Southeast Asia, employed in construction and service…
A tragic incident occurred in Hargusal village, Kharmang district of Gilgit-Baltistan, on Thursday when a toy-like bomb from the Kargil war exploded, resulting in the death of a child and injuries to two family members. The incident happened while the family was grazing goats in the area. According to local sources, a 14-year-old boy, whose identity has not been confirmed, discovered the explosive device and mistook it for a toy. While playing with it, the device detonated, killing the child instantly. His father, Asghar, and his sister were also injured in the blast. Hargusal village, located just a few kilometers…
Coca-Cola’s latest advertisement in Bangladesh is drawing widespread criticism for attempting to distance itself from perceived ties with Israel amid the ongoing assault on Gaza. Advertisement Criticized The 60-second commercial, aired on television and social media, has been called out for its insensitive response to the ongoing boycott in Bangladesh. Calls for boycotts of companies believed to have ties with the Israeli military or government have surged in many Muslim-majority countries since October 7, including Bangladesh. This has led to a significant decline in sales for Coca-Cola in these regions, with local media reporting a 23 percent drop in sales…
