In a major reversal, gold prices in Pakistan have seen a sharp fall, weighing on investors and heralding a change in market dynamics. This article examines the impact of the fall in prices and the factors that contributed to the decline in gold prices. According to the All Pakistan Sarafa Gem and Jewelers Association (APSGJA),…
Pakistan International Airlines (PIA) has achieved a remarkable feat by posting a profit of around Rs 60 crore in the first quarter of 2023 after years of losses. PIA has improved its operations and efficiency by reducing operating costs by 15%, increasing revenue by 12%, and expanding its network by adding new destinations and increasing…
Google Pakistan has launched the App Growth Lab program to support the country’s growing tech industry by providing local startups and developers with the resources and tools they need to build successful mobile apps and grow their businesses. Pakistan’s tech industry has seen significant growth in recent years, with startups and developers across the country…
Pakistan’s government’s Economic Coordination Council (ECC) has delayed handing over management control of the country’s main airport to a foreign country, citing “national security concerns”. The decision, announced in early March 2023, has major implications for Pakistan’s aviation industry and its relations with participating countries. It is proposed to transfer the management and control of…
Tea is one of the most consumed drinks in Pakistan, with an average per capita consumption of 1 kg per year. However, tea lovers may have to pay more for their daily cup of tea as the price of tea has soared for the third time in 18 months in Pakistan. According to the Pakistan…
The China-Pakistan Economic Corridor (CPEC) is a series of infrastructure projects aimed at connecting Pakistan’s Gwadar port to China’s northwestern Xinjiang region via a network of roads, railways, and pipelines. Part of China’s ambitious Belt and Road Initiative (BRI), CPEC is being touted as a game-changer for Pakistan’s economy. The CPEC Administration was established in…
According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) rose by Rs1,000 per tola and Rs857 per 10 grams to settle at Rs205,600 and Rs176,268. Silver prices in the domestic market remained unchanged at Rs2,250 per tola and Rs1,929 per 10 grams, respectively. Investors and…
The textile industry is one of the largest industries in Pakistan and is a major contributor to the country’s economy. It accounts for 60% of the country’s exports and provides employment to millions of people. However, the industry is currently facing a severe financial crisis, which could lead to defaults and bankruptcies. In 2023, Pakistan’s…
Elon Musk’s Starlink satellite internet service is officially registered in Pakistan and the company is about to start providing internet services in the country. Starlink’s registration in Pakistan marks a major development in the country’s internet landscape, promising to bring cheap, reliable, and fast internet to places where access is unreliable, expensive or simply unavailable….
On March 21, 2023, a magnitude 6.8 earthquake struck and was felt throughout the region. A 6.8-magnitude earthquake has struck Afghanistan and Pakistan, killing nine people, including two women, and injuring over 160 others as well as causing many buildings to collapse. The Pakistan Meteorological Department put the aftershock at a slightly higher magnitude of…
