Islamabad, Apr 18, 2025: Gold Prices in Pakistan have soared to an all-time high, continuing their upward momentum. On Friday, the price of gold per tola surged by Rs 2,000, reaching a record-breaking Rs 350,000. This increase marks another significant milestone in the local bullion market as gold prices remain sensitive to global market shifts. In contrast, silver rates remained unchanged across the country. The price of one tola of silver held steady at Rs 3,397, while 10 grams of silver were priced at Rs 2,912, maintaining the same values as earlier this week. Read More: Gold Prices in Pakistan today,…
Author: Mawadat Fatima
Islamabad, Apr 18, 2025: Special Assistant to the Prime Minister for Industries and Production, Mr. Haroon Akhtar Khan, met with Mr. Umar Shehzad, President of the Mirpurkhas Chamber of Commerce and Industry, to discuss proposals for the upcoming federal budget and regional industrial development. During the meeting, Mr. Umar Shehzad highlighted the need for stronger support for small and medium-sized enterprises (SMEs) and requested the establishment of a SMEDA Regional Office in Mirpurkhas. He emphasized that this would greatly benefit the local business community. Mr. Haroon Akhtar Khan welcomed the suggestion and assured full government cooperation. He noted that the…
Islamabad, Apr 18, 2025: The Forex Association of Pakistan’s data shows that the selling price of the Riyal has risen, now trading at Rs75.32 on the fifth day of the business week. The abbreviation SAR or SR denotes the Riyal (SAR), the official currency of Saudi Arabia. It is divided into 100 halalas, with one Riyal equaling these 100 sub-units. This marks an increase in value for the Riyal. Read More: Flour Shortage Looms Over New Wheat Policy SAR to PKR Current Exchange Rate 1 SAR = Rs74.78 1,000 SAR = Rs74,780 However, The State Bank of Pakistan (SBP) recently…
Islamabad, Apr 18, 2025: A misleading price list about Kia Sportage is making rounds on social media, creating buzz by claiming a major drop in the price of the Kia Sportage L 2.0L FWD model. In response, Kia Pakistan has officially denied the accuracy of this information and clarified that no such price revision has been made. The circulating image, designed to resemble an official press release, falsely suggests a significant Rs. 1 million prices cut on the Sportage L 2.0L FWD variant. According to the fake document, the price allegedly dropped from Rs. 11,825,000 to Rs. 10,825,000, with the…
Islamabad, Apr 18, 2025: President of the Faisalabad Chamber of Small Traders and Industries, Chaudhry Shafiq Anjum, has voiced strong concerns over the government’s recent decision to suspend wheat procurement from local growers this season. He emphasized that this abrupt move reflects a complete disregard for farmers at a time when price protection is most urgently required. Anjum criticized the government’s wheat procurement strategy as purely symbolic and lacking any real impact. With fresh wheat arriving in the market, prices have plunged significantly. In previous years, interventions by the Pakistan Agricultural Storage and Services Corporation (PASSCO) and provincial food departments…
Islamabad, Apr 18, 2025: In a significant step aimed at revitalizing the local film industry, Punjab Chief Minister Maryam Nawaz has approved a Rs2 billion grant to provide financial backing to filmmakers and directors throughout the province. As per official reports, this initiative is designed to foster the production of top-tier, highly acclaimed films while breathing fresh energy into Pakistan’s cinematic scene. To qualify for the grant, filmmakers and directors must have produced at least one film in the last five years. Establishment of Film Fund Allocation Committee To guarantee the equitable and transparent distribution of these funds, Chief Minister…
Islamabad, Apr 18, 2025: In a significant move to enhance educational accessibility, the Sindh government has launched the Sindh Book Bank Initiative, which will be implemented in both public and private schools throughout the province. This initiative aims to encourage students to donate their used textbooks, ensuring that learning resources are available for those who struggle to afford new books. The rising inflation has made it increasingly difficult for parents to provide quality education for their children, as many families are finding it challenging to meet the financial demands. Acknowledging this issue, the Sindh government has set up the Sindh…
Islamabad, Apr 18, 2025: Pakistan food export sector saw a modest increase of 1.62% during the first nine months of the fiscal year 2024-2025 (July 2024–March 2025) compared to the previous year. According to the Pakistan Bureau of Statistics (PBS), food exports totaled $5.749 billion, rising from $5.658 billion. Among these exports, Basmati rice stood out with 663,980 metric tons shipped, valued at $676.967 million during this period. The export of fish and seafood products experienced an 8.15% growth, reaching 151,787 metric tons worth $332.906 million, compared to the 145,671 metric tons valued at $289.568 million during the same period…
Islamabad, Apr 18, 2025: A top-level team from the Pakistan Pharmaceutical Manufacturers Association (PPMA), led by its chairman, recently met with Federal Health Minister Mustafa Kamal to explore new ways to strengthen public-private partnerships in the country’s pharmaceutical sector. During the meeting, the focus was on boosting joint efforts and tackling the pressing issues faced by local drug manufacturers. The PPMA delegation presented a detailed overview of the industry’s recent achievements and shared insights into its evolving landscape. Since July 2024, Pakistan’s pharmaceutical exports have surged by 52%, marking a significant milestone. The government’s supportive deregulation measures largely caused this…
Islamabad, Apr 18, 2025: The Federal Board of Revenue (FBR) has announced that individuals registered for sales tax who apply for de-registration will no longer be eligible for input tax refunds or adjustments. This move comes as part of a recent update to the Sales Tax Rules, 2006, introduced through SRO.608(I)/2025. According to the new regulation, once a de-registration request is submitted online, the applicant will be blocked from submitting Annex-C, Annex-D, and their tax return. Moreover, during the de-registration process, the individual will not qualify for any tax refund or input adjustment. Additionally, other registered businesses will also be…
