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Gold Price Drops by Rs 7,100 per Tola in Pakistan
Gold prices in Pakistan fall sharply by Rs 7,100 per tola, with 10g now at Rs 417,491; global gold also dips to $4,642/oz.
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US Becomes World’s Top Oil Producer, Surpasses Saudi Arabia and Russia Combined
The United States overtakes Saudi Arabia and Russia combined to become the world’s largest oil producer, reshaping global energy dynamics
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Federal Government Revises Solar Power Export Policy, Removes Relief for Excess Generation
Federal govt changes billing rules for solar users exceeding approved capacity. Extra electricity now counted as zero under “export MDI check,” ending relief under net metering.
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Pakistan’s Inflation Climbs to 19-Month High in March Amid Regional Pressures
Pakistan’s inflation rises to 7.3% in March, the highest in 19 months, amid regional tensions. Prices continue to climb in both urban and rural areas, says Federal Bureau of Statistics.
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Finance Minister Assures Full Support to KP CM Afridi on Financial Issues
Finance Minister Muhammad Aurangzeb pledges full support to KP CM Sohail Afridi to resolve provincial financial issues and facilitate release of funds.
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Pakistan Grants Temporary Trade Exemptions for Exports via Iran
Pakistan allows exports via Iran and Central Asia without bank guarantees or LCs for 3 months, covering rice, seafood, pharma, and more. Boost to regional trade & economic growth.
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Govt Plans Petrol Subsidy for Motorcycles, Rickshaws Amid Rising Fuel Costs
Pakistan govt plans targeted petrol subsidy for bikes & rickshaws with QR code system; final decision on fuel prices expected next week.
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IMF Approves $1.2 Billion Deal for Pakistan, Endorses Key Economic Reforms
IMF reaches staff-level agreement with Pakistan for $1.2B disbursement, backing reforms in fiscal policy, energy sector, and climate resilience amid global economic uncertainty.
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