September 3, 2026
Pakistan raised $3bn this week, its largest ever international bond, at 7.5pc and 7.9pc — close to the most expensive money it has borrowed abroad in over a decade. Both facts are true, and the press release contains only one of them.
August 26, 2026
Scott Bessent announced what the Treasury called an "economic onslaught", combining new sanctions with threats against Iran's trading partners — but stopped short of the harshest measures and named no countries or dates.
August 15, 2026
Brent rose 1.45 per cent to $88.33 as Washington threatened to widen economic pressure on Iran including an extended naval blockade. Spot gold reached $4,380 an ounce and US consumer sentiment deteriorated on the rising cost of living.
July 5, 2026
The Balochistan Investment and Trade Expo 2026 will be the province's first-ever event of its kind, bringing together investors, diplomats, industrialists, and entrepreneurs to showcase Balochistan's mineral wealth, Gwadar port, and agricultural and tourism potential. The province covers 44 percent of Pakistan's land area and hosts major mining projects including Reko Diq and Saindak, but insurgency and infrastructure gaps have historically kept investment far below the resource base.
June 25, 2026
Barrick and Pakistani officials have reaffirmed their commitment to the Reko Diq copper-gold project even as the company slows development and extends a security and cost review into mid-2027.
Gold prices climbed to record highs on Tuesday as deteriorating geopolitical conditions and expectations of further interest rate cuts from the US Federal Reserve lifted both global and domestic gold markets to record levels. Gold and silver prices rose globally and locally amid heightened tensions involving the United States, Venezuela and Iran, alongside continued geopolitical uncertainty, which boosted demand for safe-haven assets. In the international gold market, the price of gold rose for the second day in a row, gaining $9 an ounce to reach a new all-time high of $4,595. Following the global trend, the prices of gold in
KARACHI: Gold prices in Pakistan rose to a new record on Monday, reflecting a sharp rally in international gold markets as investors flocked to safe-haven assets amid escalating political and currency uncertainty in the United States. In the local market, gold price per tola jumped by Rs 7,700 to hit an all-time high of Rs 480,962, according to the Sarafa Jewelers and Jewelers Association of Pakistan. Similarly, 10 gram gold price rose by Rs 6,602 to Rs 412,347. Internationally, spot gold climbed 2.5 percent to $4,620.56 an ounce by 10:50 a.m. ET, after hitting a record high of $4,627.27 earlier
A goldsmith weighs gold jewelry inside a showroom. PHOTO: REUTERS Gold and silver prices climbed to record highs in both international and local markets on Monday, driven by a strong rally in the global gold market. In the international gold market, the price of gold rose by $77 an ounce to reach a new all-time high of $4,586. The rise was reflected in domestic markets, where 24-karat gold rose by Rs 7,700 per tola to Rs 480,962. Gold price per 10 grams also rose sharply by Rs 6,602 to Rs 412,347. Silver prices followed a similar upward trend. In the
Gold bars and Sovereign gold coins are on display at Baird & Co in Hatton Garden in London, Britain on October 8, 2025. — Reuters Federal Reserve chief confirms Justice Department probe. Gold jumped 1.6% to nearly $4,600 an ounce. Silver neared $85 an ounce. the dollar is down 0.2%. SINGAPORE/HONG KONG: Gold and silver hit fresh record highs on Monday as investors digested news that the US Justice Department is investigating the Federal Reserve, raising fears about the US central bank’s independence. Federal Reserve Chairman Jerome Powell confirmed the “unprecedented” move late Sunday, which he denounced as part of
LAHORE: Pakistan’s largely informal gold market is eroding economic value, weakening consumer confidence and discouraging investment, with more than 90% of transactions taking place outside formal channels, the Pakistan Business Forum (PBF) has warned. According to a statement issued on Friday, the Forum said Pakistan consumes an estimated 60 to 90 tonnes of gold annually, yet most transactions remain undocumented. This widespread irregularity, he said, distorts prices, encourages smuggling and underpricing and leads to significant revenue losses. The country is also heavily dependent on imports, with gold imports estimated at around $17 million in FY2023-24. The Forum said the sharp
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
October 26, 2026
The Pakistan Daily
October 26, 2026
Frontpage.dev
Frontpage.dev