Connect with us

Business

All-time high: Gold price jumps by Rs1,000 per tola in Pakistan

Published

on

  • Gold price settles at Rs144,000 per tola.
  • Price of yellow metal increases by Rs857 per 10 grams.
  • Last all-time high price was seen on May 24 at Rs143,600 per tola. 

KARACHI: The gold rates in Pakistan reached an all-time high after gaining Rs1,000 per tola on Thursday. 

According to the All Sindh Saraf and Jewellers Association (ASSJA), the price of gold settled at Rs144,000 per tola. 

Meanwhile, the price of the yellow metal increased by Rs857 per 10 grams to settle at Rs123,457. The last all-time high price was seen on May 24 at Rs143,600 per tola. 

The gold maintained an uptrend since yesterday in the domestic market. With a fresh increase of Rs1,000 per tola, the commodity cumulatively rose by Rs1,550 in the two days (Wednesday-Thursday) to Rs144,000 per tola.

However, in the international market, the price of gold decreased by $14 per ounce to close at $1,819.

Meanwhile, silver prices in the domestic market increased by just Rs20 to settle at Rs1,560 per tola while it gained Rs17.14 and closed at Rs1,337.44 per 10 grams today. 

Business

The inaugural flight of Azerbaijan Airlines is between Baku and Karachi.

Published

on

By

The national airline of Azerbaijan launched direct flights from Baku to Karachi today. There will be two weekly flights on this route, on Thursdays and Sundays.

The first flight will land in Karachi, and Azerbaijan’s ambassador, Khazar Farhadov, will be there to greet it.

This evening also marks the departure of the inaugural flight from Karachi to Baku, in addition to the arrival of the flight from Baku.

Azerbaijan Airlines said last month that it would be growing its network and flight operations in Pakistan.

Aviation insiders have verified that Azerbaijan Airlines is preparing to launch service to Karachi in the coming month of April.

In addition to its current services in Islamabad and Lahore, the airline plans to launch its Karachi route on April 18, with the inaugural flight anticipated to depart on that date.

Azerbaijan Airlines has been given permission to operate flights on the Karachi route, according to sources within the Civil Aviation Authority (CAA).

Following a bilateral agreement between the two nations, Azerbaijan Airlines has been given permission to extend its operations in Pakistan.

Continue Reading

Business

Fly Jinnah opens a new route internationally.

Published

on

By

Two weekly flights will be the starting frequency of the new route, which will connect the two cities.

According to a representative for Fly Jinnah, the company is pleased to announce the opening of a third international route from Islamabad to Muscat, the capital city of Oman, marking another significant milestone after the successful debut of flights from Islamabad and Lahore to Sharjah.

According to him, this development is in line with our goal of giving our clients more options for reasonably priced, value-driven local and international air travel.

The airline serves five main cities in Pakistan: Karachi, Lahore, Islamabad, Peshawar, and Quetta. Its fleet consists of five Airbus A320 aircraft, all of which are contemporary.

In addition to the current flight path to Sharjah, United Arab Emirates, this new route expands Fly Jinnah’s network of foreign destinations.

Continue Reading

Business

Tajir Dost app: traders don’t seem interested in registering

Published

on

By

To tax retailers in Pakistan, the Tajir Dost app was released. The sources stated that the government hopes to tax 3.5 million merchants through the app.

Ajmal Baloch, the president of All-Pakistan Anjuman-e-Tajran, stated that he made reservations with FBR on the SRO within a week.

The Federal Board of Revenue (FBR), according to him, cannot be a “Tajir Dost” because of its unethical actions.

Baloch believed that since electricity bills allow traders to pay a predetermined advance income tax, further taxes are unnecessary.

The trader, according to him, is already paying thirteen different kinds of taxes on the commercial meter. “A trader already pays between Rs. 15,000 and Rs. 20,000 in taxes annually, but you are requesting Rs. 1,200 per month in taxes.”

Mr. Ajmal summoned representatives of the Federal Board of Revenue (FBR) to a meeting with the trade associations to talk about the indirect taxes that the merchants are paying.

Additionally, he claimed that FBR officers are charging the traders, the majority of whom are less educated, “monthly charges.”

Continue Reading

Trending