Monday , October 26 2020
Breaking News
Home / Markets / Gold (page 2)


Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Ban on gold import likely to reduce gap in rupee rates

ISLAMABAD: A 30 days ban on the gold’s import is expected to be imposed by the government in order to ease pressure on national currency and reduce the gap between open and interbank rates, it is learnt. Federal Finance Minister Ishaq Dar while chairing a meeting held with the representatives of Exchange Companies in presence of team officials from Ministry ... Read More »

DGI&I (IR) detects discrepancy in past 2 years gold import

KARACHI: Directorate General of Intelligence and Investigation (DGI&I)-Inland Revenue (IR), Karachi has detected grave inconsistencies in import of gold worth more than Rs 9 billion under Entrustment Scheme through the past two years. According to sources, DGI&I (IR) has inquired into alleged abuse of the Entrustment Scheme by gold exporters where bulk quantity of gold/jewellery was imported without fulfilling gold ... Read More »

Gold imports up 87.02pc in July-November 2013

LAHORE: Gold imports during the first five months of fiscal year 2013-14 have surged by 87.02 per cent as against the same period of last year. According to data revealed by Pakistan Bureau of Statistics, during the period under review, 3,427 kg of yellow metal worth of $139.921 million was imported as compared to the import of 1,380 kg valuing $74.815 ... Read More »

Gold import rises during July-October

KARACHI: Pakistan’s gold import has increased by 136.45 percent during July-October 2013 as compared to the same period of previous fiscal year, according to the data showed by the Pakistan bureau of statistics (PBS). PBS data revealed that gold import stood at $138.150 million during July-October 2013 as compared to $58.424 million during the corresponding period last year. In terms ... Read More »

3,249kg gold imported during July

LAHORE: During the first month of current fiscal year, about 3,249 kilogram of gold worth of $134.92 million was imported which showed an increase of 1,119.88 per cent against the same period of last year. According to Pakistan Bureau of Statistics (PBS) data, about 199kg of gold worth $11.06 million was imported in July 2012. The import of gold also ... Read More »

Gold fades shine locally, surge globally

LAHORE: The rates of gold have dropped to Rs 46,500 per tola across the country week-on-week (W-o-W) basis, on the back of plummeting prices up to $30 per ounce in the global gold market. The price of precious metal in the local market has been decreased by almost Rs 1,000 per tola (11.25 grams) in last week. The thorough study ... Read More »

Gold rates remain stable; may fall further

SYED MOHAMMAD TAHIR  LAHORE: At a time when gold buying season is going to out owing to the advent of Ramazan month in Pakistan and plummeting demand in India, the world’s largest gold consumer, when wedding and festival season came to an end, the shopkeepers and buyers have taken a sigh of relief on the stability of precious metal’s rates. ... Read More »