Gold prices recorded a sharp increase on Monday, rising in both international and domestic markets following a strong jump in global rates. In the international bullion market, the price of gold rose by $92 per ounce to reach $4,424 per ounce. The surge was reflected in local bullion markets, where the price of 24-carat gold increased by Rs9,200 per tola, taking the rate to Rs464,762. The pr
The government has decided to impose penalties on mobile and electronics device manufacturing companies over failure to achieve specified localisation levels in the stipulated time period under the proposed new policy. As part of the Mobile and Electronics Device Manufacturing Policy 2026-33, the government will withdraw concessions like all exempted or concessionary duties. It will also start
Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting on Monday to review the gas supply situation, winter load management and consumer complaint redressal across the country. The meeting also examined an Oil and Gas Regulatory Authority (OGRA) audit report on compliance with service standards for complaint handling. According to an official statement, Sui Northern Gas Pipelines Li
Salaried individuals paid Rs266 billion in income tax during the first half of the current fiscal year, contributing nearly one rupee out of every Rs10 collected in income taxes across the country. Tax contributions by salaried persons, in both the public and private sectors, remained more than double the taxes paid by the real estate sector during the same period, according to provisional figu
Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an all-time peak. US big oil got a boost from the country’s military raid at the weekend that captured Venezuelan President Nicolas Maduro. Crude oil eased back after rising $1 a barrel overnight as traders assessed th