Pakistan Gold Imports Drop 47.79% in 11 Months
Pakistan's gold imports fell 47.79% to $16.09 million in July-May 2025-26 from $30.82 million last year, with quantity down 21.65% to 306 kg, PBS reports.
Pakistan's gold imports fell 47.79% to $16.09 million in July-May 2025-26 from $30.82 million last year, with quantity down 21.65% to 306 kg, PBS reports.
The PMD forecasts hot and dry weather across most of Pakistan for the next 24 hours, with isolated rain and thunderstorms in upper Khyber Pakhtunkhwa, Kashmir, and hilly regions.
Gold prices in Pakistan fell sharply on Tuesday, with 24k gold per tola dropping Rs10,400 to Rs432,236, according to the All Pakistan Sarafa Gems and Jewellers Association.
Pakistan's two-year energy conservation campaign reduced petroleum sales by 23% in May 2026, saving foreign exchange, but economists say broader impact is limited with high vehicle numbers and economic slowdown.
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RecommendedLahore district administration intensified operations against price gouging, imposing fines totaling Rs 40,000 on violators during market inspections led by Assistant Commissioner Sadar Dr. Abid Mumtaz Khan.
Assistant Commissioner Mailsi Saad Bin Khalid led a price control operation, fining gas refilling shops for overcharging cylinders and per-kg rates above the fixed prices.
Karachi's price-control regime is a charade where official price lists exist but enforcement is absent, Commissioner Counters have vanished, and plastic bag bans are selectively applied, mocking the law.
Pakistan Meteorological Department forecasts hot and dry weather for most parts on Tuesday, with isolated rain-wind/thunderstorms in upper Khyber Pakhtunkhwa, Kashmir, Gilgit-Baltistan, and northeastern Punjab.
Gold prices in Pakistan rose sharply by Rs4,643 per tola to Rs442,636 on Monday, driven by a $46.43 increase in international rates to $4,202 per ounce, according to the All Pakistan Sarafa Gems and Jewellers Association.
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RecommendedKuwait's annual inflation rate eased to 2.49% in May 2026, driven by higher food, healthcare, clothing, education, and miscellaneous goods prices, according to the Central Statistical Bureau.
Oman's consumer prices rose 3.8% year-on-year in May, with transport and personal goods leading increases, according to official data. Inflation varied across governorates, from 4.8% in Al Dhahirah to 2.3% in Dhofar.
PFA sealed three food units in Lahore, discarded 400 litres of substandard cooking oil, and imposed Rs400,000 fines for safety violations including missing medical certificates and poor sanitation.
Islamabad district administration detained 24 individuals and sealed five premises during anti-dengue operations across sectors including F-6, F-7, G-6, Red Zone, E-11, and G-13 for SOP violations.
New federal and provincial taxes have caused food prices to surge in Rawalpindi before budget approval, with milk at Rs250-260/L, mutton at Rs2,700/kg, and eggs at Rs210/dozen.
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RecommendedPoultry prices in Lahore rose sharply, with live chicken up Rs24/kg to Rs299-313, and chicken meat up Rs36/kg to Rs453, though retail prices remain higher. Vegetables and fruits also saw significant increases.
Pakistan cuts petrol by Rs74.28/litre and diesel by Rs67.31/litre, one of the largest reductions, due to easing global oil prices after Iran-US diplomatic progress mediated by Pakistan.
More than 40% of Pakistan's population faces food insecurity, with 20% severely undernourished, driven by inflation, poverty, and climate shocks.
Following Iran war, Pakistan petrol hit Rs458/litre due to Strait of Hormuz blockade. Global oil now falls, but prices remain high due to petroleum levy increases. Authorities urged to pass relief to consumers.
The government's 9 p.m. market closure policy, made without considering Pakistan's summer heat, causes hardship for families and working people, while its electricity savings are questioned.
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RecommendedA severe heatwave across Europe prompts France to ban alcohol in 35 regions, Germany issues nationwide warnings, and Spain closes a soccer fan zone as temperatures approach record highs.
Punjab government imposes 16% GST on all rented properties from July 1, sparking strong opposition from citizens and property dealers who call the tax unjust and demand its withdrawal.
The Punjab Government Pensioners Association has rejected the 3.5% pension increase, calling it inadequate amid inflation and demanding equal treatment with federal retirees.
Gold prices in Pakistan saw a sharp decline on Friday, with 24k per tola falling by Rs14,900 to Rs438,036. International gold also fell by $149 to $4,156 per ounce.
Pakistan's weekly inflation rose by 0.46% to 357.76 points, with tomatoes, potatoes, and chicken prices surging, while onions and garlic fell.
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RecommendedPrime Minister Shehbaz Sharif announced a substantial cut in petroleum prices, reducing petrol by Rs74 and diesel by Rs67 per litre, providing significant relief to consumers.
Prime Minister Shehbaz Sharif slashed petrol by Rs74.28 and diesel by Rs67.31 per litre, citing declining global oil prices after the Iran-US peace deal.
At least 10 people died in weather-related incidents across Pakistan as strong winds and heavy rain caused accidents and damage. Nine deaths in Khyber Pakhtunkhwa, others injured in Punjab.
Pakistan's weekly inflation remained high at 15.28% year-on-year, with food and energy prices surging. Gold prices fell by Rs14,900 per tola amid global decline.
Pakistan reduces petrol price by Rs74 to Rs299 per litre, diesel by Rs67 to Rs311, effective immediately, providing relief to consumers and businesses.
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RecommendedPakistan government reduces petrol price by Rs74 per litre and diesel by Rs67, effective October 16, providing relief to consumers amid global oil price decline.