
Gold price per tola falls Rs5,000 in Pakista
Gold prices in Pakistan decreased on Friday in line with their rise in the international market. In the local market, gold price per tola reached Rs351,000 after a loss of Rs5,000 during the day.
As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs300,925 after a fall of Rs4,287.
On Thursday, gold price per tola reached Rs356,000 after a gain of Rs1,335.
The international rate of gold also decreased today. The rate was at $3,290 per ounce (with a premium of $20), after it lost $53, as per APGJSA.
Meanwhile, silver price per tola decreased by Rs68 to reach Rs3,782.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
2 hours ago
- Express Tribune
Pakistan's poverty is political
The writer is a Lecturer in English at the Higher Education Department, Khyber Pakhtunkhwa. Email him at namdar057@ Listen to article By any decent standard, Pakistan is broke: not in fiscal lingo or glossy budgetary graphs but broke in a way that gnaws at the stomach. World Bank numbers show a shocking 44.7% of Pakistanis stay below the global poverty line. That works out to more than 107 million people scraping by on less than $4.20 a day (under Rs1,200 for the full twenty-four hours). That's not even the worst of it. Upwards of 39 million — 16.5% of the country - live in what the world euphemistically calls 'extreme poverty'. That's not living, that's barely hanging on, that's economic abandonment. These numbers are long past their expiry. They're based on a 2018-19 survey, like diagnosing a patient today using a six-year-old X-ray. They don't reflect the 2022 floods that drowned homes and livelihoods alike. They don't account for the punishing inflation of the past few years, turning grocery, gas and electricity bills into waking nightmares. Imagine the horror the real numbers would reveal if they reflected today's reality. We're flying blind or pretending the plane is fine while it plummets. World Bank says this surge in poverty isn't from worsening conditions per se but from a shift in how poverty is now measured globally. In other words, people didn't suddenly get poorer, the goalposts just moved. About 82% of that spike is due to the new poverty line; the rest — 18% — is thanks to Pakistan's own price surges from 2017 to 2021. We'll get the full picture in September. Maybe then we'll finally see the truth for what it is. Maybe it'll stir someone awake in Islamabad. Maybe that'd serve as a reality check for those still playing policy ping-pong in air-conditioned offices. Meanwhile, the HRCP is done mincing words. It has called for a living wage - not just a minimum wage. That's not semantics. There's a world of difference. A minimum wage keeps you just above the grave. A living wage lets you breathe with dignity. The HRCP says a family of six needs at least Rs75,000 a month to live with basic dignity while the government pegs it at Rs37,000. Never mind that the government leaves it to rot on paper. It's policy on paper and paper doesn't quiet hunger or pay the rent when the month is up. What's the value of a policy if it never touches the ground? I know teachers in private schools pulling in Rs9,000 a month. A woman in my neighborhood teaches at a government primary school for Rs3,000 a month. That's not a wage. That's an insult! A middle-aged bakery salesman I know was earning Rs7,500 until recently. Yes, he finally got a raise, but you can guess how far that crumb really goes. Maybe enough for an extra packet of tea. These aren't rare outliers. This is business as usual. Employers operate with impunity because labour laws exist like paper tigers; because they (employers) exploit loopholes and underpay at will; because there are always others desperate enough to take the same job for even less. And then we wonder why our young people drown off Greek shores, fleeing a country that gave them nothing but unpaid internships, underpaid jobs and broken promises. They know the risks. They know they might not make it. They still go. Because hope — even a sliver — feels worth dying for when home offers only hunger, humiliation and hopelessness. We're not just poor in numbers; we lack the will, the compassion and the basic belief that a citizen deserves more than just survival. We're not poor because poverty sneaked up on us. We are poor because we've been kept poor by policies that drone on about 'reforms' while people can't afford 'daal', by leaders who hold pressers on economic growth while schoolteachers earn less than what a politician's tie costs, by a system that only works for those already at the top. This country is starving. Not just for food but for fairness.


Express Tribune
a day ago
- Express Tribune
Minister vows to push for Karachi-Rohri track funding
The Karachi-Rohri section will be the most vital segment of the of the Mainline (ML)-1 project in terms of freight connectivity with Central Asia and Russia, as well as providing transportation link to the Thar coal and Reko Diq mines, Railways Minister Hanif Abbasi said on Friday. Talking to the reporters outside the Parliament House, the minister said that a major freight route from Lahore to Russia via Rohri, Zahedan and then in Tajikistan had been prepared, but its launch was delayed because of the 12-day between Iran and Israel. Abbasi highlighted termed the ML-1 segment between Karachi and Rohri the most challenging portion. "If needed, I will personally request the prime minister and the chief minister of Sindh to allocate funds to ensure its completion," he said. "This section is vital for the success of future projects like Thar coal transportation, Reko Diq project, freight connectivity with Central Asia and Russia, and realisation of the greater Asian rail linkage dream," he said, adding that the ML-2 and ML-3 lines were equally important for Pakistan's economic uplift. The minister revealed that a major international freight initiative - a rail route from Lahore to Zahedan via Rohri, extending to Tajikistan and Russia - had been prepared. "Had it not been for the war, this international cargo train would have rolled out on June 22," he noted. He stated that $5 million had been allocated in the budget to enhance regional railway connectivity with Uzbekistan. "The country's development is directly linked with the modernisation of the railway system," Abbasi stated, reaffirming his resolve to deliver on the Prime Minister Shehbaz's vision. To a question, he said that he would visit Karachi on July 6 and meet with Chief Minister Murad Ali Shah to discuss the province's demands for branch lines. "We aim to build the same kind of coordination with Sindh and Khyber-Pakhtunkhwa [K-P] as we have with Punjab and Balochistan," he said. On the occasion, the minister shared updates on the railways development projects in Balochistan, stating that stations in Sibi, and Machh were being upgraded, and many such projects had already been implemented or were in progress. Abbasi highlighted major improvements in the facilities being provided to the passengers. "People who buy tickets worth Rs12,000 to Rs14,000 deserve better travel conditions," he said. "With the cooperation of the Punjab government, free Wi-Fi facility is being provided to 40 stations," he said. "We are going to install digital Point-of-Sale (POS) systems and ATMs at 348 stations across the country. "These digital initiatives will not only boost revenue but also enhance passenger facilitation," the minister added. "Previously, passengers would wait in queues for hours. They were asked to bring cash. Now, with digital payment machines and ATMs, we're eliminating these hurdles," the minister said. "The railways is being moved towards digitisation." He said a comprehensive plan for the recovery and optimal utilisation of the railways' vast land assets was being prepared, which would be presented to the prime minister. He noted that many encroachments had already been removed. Speaking about the other segments of the railway track, the minister said that the Punjab chief minister had allocated over Rs350 billion for upgrading the Lahore-Rawalpindi section and different other branches. The Balochistan government has also allocated Rs3 billion for Saryab and Kuchlak area. He also highlighted infrastructure upgrades, including the construction of three international-standard railway stations and modernisation of Quetta station. "Quetta's station has been upgraded, and a Diesel Multiple Unit (DMU) train will soon begin operations within the city," he said.


Express Tribune
a day ago
- Express Tribune
Punjab allocates Rs4b to boost South Punjab tourism
In a move to boost tourism in South Punjab, the provincial government has announced an investment of up to Rs4 billion under the fiscal year 2025-26 budget. The initiative includes seven new development projects focused on enhancing tourism infrastructure, preserving natural and historical sites, and promoting adventure sports in the region. Additional Chief Secretary (ACS) South Punjab Fuad Hashim Rabbani shared the details of the planned investments on Friday, stating that the government aims to transform the region into a vibrant tourism hub by developing key sites and introducing advanced technology in major events. As part of the initiative, a recreational park and tourist resort will be developed at the scenic hill station of Fort Munro at an estimated cost of Rs400 million. Additionally, another recreational park will be established along the Indus River at Ghazi Ghat in Dera Ghazi Khan, with an allocation of Rs800 million. These facilities aim to provide quality leisure spaces for tourists and locals alike. One of the most ambitious undertakings in the new plan is the launch of an international-standard eco-tourism project at Lal Suhanra National Park in Bahawalpur. With a dedicated budget of Rs2 billion, this flagship project will focus on sustainable tourism practices while preserving the park's unique ecosystem. According to ACS Rabbani, this effort is designed to place South Punjab on the map as an ecotourism destination of global repute. In addition to new developments, several existing tourist sites will see upgrades. These include the historic Derawar Fort in the Cholistan desert, the spiritual town of Kot Mithan, and Choubara Tehsil. New tourist resorts are also planned for Mari, a lesser-known but scenic hill station in district Rajanpur, and further facilities will be added in Ghazi Ghat. Recognising the growing popularity of car sport events, especially the annual Cholistan Jeep Rally in Bahawalpur and the Thal Jeep Rally in the Thal desert, the government has allocated Rs250 million to enhance the management and international appeal of these rallies. Funds will be used to procure modern time management systems and GPS-based live tracking devices, bringing these high-octane events in line with global standards. ACS Fuad Hashim Rabbani emphasised that the timely execution of these projects will not only unlock the immense tourism potential of South Punjab but also generate employment, stimulate economic growth, and create new livelihood opportunities for local communities. "These targeted investments reflect our commitment to regional development through sustainable tourism," he said, expressing optimism that the initiatives will significantly uplift the profile of South Punjab as a premier tourist destination in Pakistan.