Consumers on Monday remained in a dilemma at jewellery shops due to the absence of official gold rates, which are typically issued by the All Pakistan Gem and Jewellers Association (APGJA) on a daily basis. The association had suspended the issuance of daily gold rates from last Wednesday after law enforcement agencies cracked down on alleged speculative trading and smuggling. Gold shops are
Amid unprecedented high prices, consumers may brave another challenge of facing a shortage of petroleum products following the suspension of distribution of oil products by the oil tankers’ association from Monday morning. However, Pakistan Petroleum Dealers Association (PPDA) chairman Abdul Sami Khan said some pumps in Karachi had started getting dry while upcountry pumps had so far remained u
Farmers have asked the government to tax the rich instead of the poor to remove unjust burden on the people, particularly the farming community which is running the economy by toiling day and night at their fields. “The government should tax the rich and elite class of the country by going for direct taxes instead of overburdening the poor masses by levying indirect taxes like general sales t
Large-scale manufacturing (LSM) experienced a year-on-year negative growth of 1.09 per cent in the first month of the current fiscal year, data released by the Pakistan Bureau of Statistics showed on Monday. On month-on-month, it witnessed a steeper contraction of 3.62pc in July. The decline in LSM can primarily be attributed to a slowdown in production within the textile and clothing sector
Notwithstanding the ongoing heatwave, poor picking and bugs attack, at least 0.9 million bales of raw cotton reached ginning factories during the last two weeks in the country keeping the hopes alive for a much better crop this year as compared with the last season. The figures released by the Pakistan Cotton Ginners Association (PCGA) for the first fortnight of September reveal that around 3.9