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Gold Prices Dip Slightly, Hover Near Rs. 360,000 Per Tola in Pakistan

MInahil Abbasi
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Gold Prices Dip Slightly, Hover Near Rs. 360,000 Per Tola in Pakistan

Gold prices in Pakistan saw a marginal decline but remained close to Rs. 360,000 per tola. Market analysts attribute the slight drop to minor fluctuations in international gold rates and a stable exchange rate, with demand in the local market staying relatively strong despite high prices.

Gold prices in Pakistan dropped slightly but stayed near Rs. 360,000 per tola. The minor change was linked to international market trends and currency stability. Despite the high rates, local demand remains steady, reflecting gold’s continued appeal as a safe-haven investment in uncertain economic conditions.

gold price Pakistan, Rs. 360,000 per tola, gold market trends

Pakistan Partners with Japan’s Soramitsu to Pilot Central Bank Digital Currency in 2025

MInahil Abbasi
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0
Pakistan Partners with Japan’s Soramitsu to Pilot Central Bank Digital Currency in 2025

Pakistan is set to collaborate with Japanese blockchain firm Soramitsu to test a Central Bank Digital Currency (CBDC) later this year. The pilot aims to evaluate the feasibility, security, and efficiency of a digital rupee, potentially paving the way for modernizing Pakistan’s payment systems and enhancing financial inclusion.

Pakistan will work with Japan’s Soramitsu to launch a Central Bank Digital Currency pilot in 2025. The project will assess the digital rupee’s potential for improving payment systems, boosting security, and expanding financial inclusion, marking a key step toward the country’s adoption of advanced financial technologies.

Pakistan CBDC pilot, Soramitsu partnership, digital rupee launch

Tribunal Confirms Rs. 35 Million Penalty on Flour Mills Association for Price-Fixing

MInahil Abbasi
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0
Tribunal Confirms Rs. 35 Million Penalty on Flour Mills Association for Price-Fixing

The Competition Appellate Tribunal has upheld the Competition Commission of Pakistan’s (CCP) decision to fine the Pakistan Flour Mills Association Rs. 35 million for price-fixing. The tribunal ruled that the association’s actions violated competition laws by manipulating market prices, harming consumers and fair trade practices.

The Competition Appellate Tribunal upheld the CCP’s Rs. 35 million fine on the Pakistan Flour Mills Association for price-fixing. The decision reinforces the enforcement of competition laws, holding the association accountable for market manipulation that adversely affected consumers and undermined fair business practices in the flour industry.

CCP fine, flour mills price-fixing, competition law enforcement

CJP Afridi Holds Key Meeting with Finance Minister on Tax Case Matters

MInahil Abbasi
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0
CJP Afridi Holds Key Meeting with Finance Minister on Tax Case Matters

Chief Justice of Pakistan Qazi Faez Isa Afridi met with Finance Minister Muhammad Aurangzeb to discuss pending tax-related cases. The meeting aimed to explore ways to expedite resolution of these cases to improve revenue collection and ensure judicial efficiency in matters affecting the country’s financial stability.

CJP Afridi and Finance Minister Aurangzeb discussed pending tax-related cases to enhance revenue collection and speed up judicial processes. The meeting focused on improving coordination between financial and judicial authorities to ensure timely resolutions, ultimately supporting Pakistan’s economic and fiscal stability.

CJP Afridi, tax-related cases, Finance Minister meeting

Pakistan Welcomes Court Ruling on Indus Waters Treaty

MInahil Abbasi
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0
Pakistan Welcomes Court Ruling on Indus Waters Treaty

Pakistan has welcomed the recent decision by the Court of Arbitration regarding the Indus Waters Treaty, calling it a victory for the country’s water rights. Officials stated the ruling affirms Pakistan’s position on disputes with India over water projects and will help protect the treaty’s implementation in the future.

Pakistan hailed the Court of Arbitration’s ruling on the Indus Waters Treaty as a significant win, reinforcing its stance in disputes with India. Authorities believe this decision will safeguard the treaty’s provisions and ensure fair water distribution between the two nations.
Indus Waters Treaty, Pakistan-India water dispute, Court of Arbitration ruling

Protected Electricity Slab Unlikely to Be Extended to 300 Units, Says Minister

MInahil Abbasi
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0
Protected Electricity Slab Unlikely to Be Extended to 300 Units, Says Minister

The government is unlikely to expand the “protected” electricity slab limit to 300 units, according to the Energy Minister. He stated that the current policy is designed to target only low-income households using limited electricity, and any extension could create fiscal challenges for the power sector.

The Energy Minister clarified that increasing the protected slab to 300 units is not under consideration, as it could strain the power sector’s finances and deviate from its goal of assisting low-income households. The current scheme will continue focusing on smaller consumers.
electricity tariff policy, protected slab, Pakistan energy sector

CDC Integrates RAAST Payment System with Munir Khanani Securities for Real-Time Fund Transfers

MInahil Abbasi
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CDC Integrates RAAST Payment System with Munir Khanani Securities for Real-Time Fund Transfers

The Central Depository Company (CDC) has integrated the RAAST payment system with Munir Khanani Securities, enabling real-time fund transfers for investors. This collaboration aims to streamline payment processes, improve transaction efficiency, and enhance the overall trading experience for clients.

With RAAST integration, investors can transfer funds instantly between their bank accounts and trading accounts without delays. The move is part of CDC’s broader strategy to adopt digital payment solutions and promote cashless transactions in Pakistan’s capital market.

Officials believe this step will boost investor confidence, reduce settlement risks, and contribute to the modernization of Pakistan’s financial ecosystem.

CDC RAAST integration, real-time fund transfers, Pakistan capital market digitization

Modi Skipped Trump Meeting Over Fears of Encounter With Pakistan’s Army Chief: Bloomberg

MInahil Abbasi
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0
Modi Skipped Trump Meeting Over Fears of Encounter With Pakistan’s Army Chief: Bloomberg

According to a Bloomberg report, Indian Prime Minister Narendra Modi allegedly avoided a scheduled meeting with former U.S. President Donald Trump due to concerns about a possible encounter with Pakistan’s Army Chief. The incident reportedly took place during an international event where both leaders were present.

Sources claim Modi’s team made last-minute changes to his itinerary to prevent any unplanned interaction, reflecting ongoing diplomatic sensitivities between India and Pakistan. While neither the Indian government nor Trump’s representatives have commented publicly, the report has sparked political debate and media attention.

The development underscores the delicate nature of high-level engagements involving India, Pakistan, and international allies.

Modi Trump meeting avoidance, India Pakistan diplomatic tensions, Bloomberg political report

Operation in Pakistani Universities Leads to Seizure of Over 1,400 Kg of Narcotics

MInahil Abbasi
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Operation in Pakistani Universities Leads to Seizure of Over 1,400 Kg of Narcotics

A large-scale operation across multiple Pakistani universities has resulted in the seizure of over 1,400 kilograms of narcotics. Conducted by law enforcement agencies, the raids targeted suspected drug networks operating within and around educational institutions.

Authorities reported confiscating various illegal substances, including hashish, heroin, and synthetic drugs, along with arresting several individuals linked to the drug trade. The operation aimed to curb the rising influence of narcotics in campuses and protect students from substance abuse.

Officials have pledged to continue such crackdowns and urged educational institutions to strengthen monitoring and awareness programs to combat drug-related activities.

Pakistan university drug raids, narcotics seizure, campus safety measures

Local E-Commerce Companies Criticize Tax Breaks for Temu, SHEIN, AliExpress

MInahil Abbasi
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0
Local E-Commerce Companies Criticize Tax Breaks for Temu, SHEIN, AliExpress

Local e-commerce businesses have voiced strong opposition to the government’s decision to grant tax breaks to international platforms such as Temu, SHEIN, and AliExpress. Industry representatives argue that these concessions create an uneven playing field, making it harder for domestic companies to compete.

According to local sellers, the move could lead to reduced market share for homegrown platforms, potential job losses, and slower growth in the national e-commerce sector. They are urging policymakers to reconsider the decision and implement fair taxation policies for all online sellers, regardless of origin.

The government has yet to respond to these concerns, but industry experts warn that unchecked foreign competition could have long-term impacts on Pakistan’s digital economy.

local e-commerce tax concerns, foreign online platforms, unfair competition in e-commerce

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