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India Today
11-07-2025
- Business
- India Today
Studying in Canada to cost more, Indians must show Rs 14 lakh for living expenses
Studying in Canada has now become expensive with the official announcement of a major change in the fund -- requirement for international students, raising the bar per the change, Indians will require a minimum amount of Rs 14 lakh for living expenses to study in Canada except the tuition major change has come from the Immigration, Refugees and Citizenship Canada (IRCC).advertisement From September 1, 2025, all international students applying for a study permit (except those in Qubec) must prove they can cover not only tuition fees but also living, housing, transportation and travel costs for themselves and any accompanying family members -- without relying on employment in single applicants, the minimum required amount (excluding tuition and travel) has increased from CAD20,635 to CAD22,895 per year -- a nearly 11% rise. If a student applies before 1 September 2025, the previous thresholds continue to COST THRESHOLDS BY FAMILY SIZEIRCC has updated the cost of living support table, applicable to all provinces and territories except Qubec:1 person: CAD 22,8952 people: CAD 28,5023 people: CAD 35,0404 people: CAD 42,5435 people: CAD 48,2526 people: CAD 54,4207 people: CAD 60,589Each additional family member: +CAD6,170ACCEPTABLE PROOF OF FUNDSApplicants must supply one or more of the following documents:Receipt for paid tuition or housingBank statement from the last four monthsGuaranteed Investment Certificate (GIC) from a Canadian bankProof of student or education loanCanadian bank account statement (with funds transferred)Bank draft in convertible currencyLetter of financial support or scholarship proofAdditionally, if the applicant's home country has foreign exchange controls, they must prove the funds can be legally transferred to updates these thresholds annually, pegged to Canada's low in come cutoff (LICO) to reflect inflation and living cost move ensures students are financially secure, reducing dependence on work and the risk of financial stress or GUIDELINES FOR QUEBEC APPLICANTSStudents planning to study in Quebec in 2025 must meet additional requirements, including proof of funds for tuition, travel, settlement, and health insurance must cover the entire period of stay unless the student is already covered in Qubec or their home country has a social security agreement with the STUDENTS SHOULD DOProspective students should:Review and calculate the total funds needed -- tuition, living, travel, plus any family gathering credible documents early, especially evidence of legal currency transfer if applying before 1 September 2025 if meeting earlier thresholds is more IRCC and Qubec's official websites for any future update reflects Canada's shift toward ensuring international students are fully prepared -- financially and legally -- to study and live in the country.- Ends
New Straits Times
03-07-2025
- New Straits Times
Perak KPDN seizes 225 LPG cylinders, two lorries worth over RM450,000
IPOH: Enforcement officers from the Domestic Trade and Cost of Living Ministry (KPDN) seized 225 LPG cylinders and two lorries worth about RM466,895 in raids at Zarib Industrial Park and Tanjung Malim yesterday (July 2). Perak KPDN director Datuk Kamalludin Ismail said 14 LPG cylinders with a 50-kilogramme (kg) capacity, 171 cylinders of 14 kg and 40 cylinders of 12 kg were confiscated in the Ops Gasak raids. According to Kamalludin, the LPG cylinders were stored at two premises without valid permits from the Controller of Supplies. "In the first raid at about 11.30am in Tanjung Malim, an enforcement team from the Tapah KPDN branch found a property being used as an LPG storage facility without the required authorisation to store controlled items. "The second raid at 1pm at a food processing factory in Zarib Industrial Park revealed that LPG was being used without a valid licence or permit," he said in a statement today (July 3). Kamalludin said two men, aged 41 and 49, as well as a 28-year-old woman, were arrested during the raids to assist with the investigation. He said both cases are being investigated under the Control of Supplies Act 1961 and the Control of Supplies Regulations 1974. — BERNAMA
Express Tribune
22-05-2025
- Business
- Express Tribune
PSX stages robust rally, eyes budget boost
Foreign funds would divert their liquidity into buying Pakistan's stocks. This would merely increases prices of shares and be profitable for those who already hold stocks. PHOTO: FILE Listen to article The Pakistan Stock Exchange (PSX) staged a robust rebound on Wednesday as the KSE-100 index climbed over 950 points, driven by active investors, who were encouraged by pro-growth fiscal measures and realigned their portfolios ahead of budget presentation. Despite pressure on auto stocks due to reports of the International Monetary Fund (IMF)-backed tariff relaxation and a revised National Tariff Policy, the overall sentiment remained positive. The government's assurances of tax relief to refineries and signs of continued reforms further lifted confidence. Arif Habib Corp MD Ahsan Mehanti wrote in his daily note "stocks closed near the all-time high amid speculation in the pre-budget session." However, auto stocks were battered on reports of proposed IMF-driven tariff relaxation on the import of used vehicles and a new tariff policy favouring imports. The government's assurance of tax relief for refineries, rising global crude prices and fiscal reforms boosted confidence, fuelling a bull-run at the PSX, he added. At the end of trading, the benchmark KSE-100 index recorded a notable increase of 960.33 points, or 0.81%, and settled at 119,931.46. Topline Securities commented that the day kicked off with a rally as the KSE-100 index soared past the 120,000 milestone, marking an intra-day high of 1,135 points. However, it failed to maintain the momentum and closed at 119,931, still locking in impressive gains. Investor sentiment remained upbeat, particularly in large-cap stocks, which drew considerable interest. Bank, oil and energy stocks collectively contributed around 480 points to the index's rise, it said. The refinery sector saw increased activity following the government's approval to clear dues of Rs34 billion through petroleum prices, which would pave the way for refineries to initiate $6 billion plant upgrade projects. The development pushed up share prices of National Refinery, Pakistan Refinery and Attock Refinery, Topline added. Arif Habib Limited (AHL) said that stocks made another attempt at the 120k level, with improving internals suggesting a likely breach in the sessions ahead. Some 74 shares rose while 24 fell with the National Bank of Pakistan (+10%), Bank AL Habib (+2.85%) and United Bank (+1.22%) being the key contributors to index gains. On the other hand, Lucky Cement (-0.53%), Habib Metropolitan Bank (-1.66%) and Standard Chartered (-4.21%) were the biggest drags, it said. In a significant development, the Oil and Gas Regulatory Authority (Ogra) set prescribed prices for FY26 at Rs1,895/mmBtu for Sui Northern Gas Pipelines and Rs1,659/mmBtu for Sui Southern Gas Company, reflecting a 6.57% increase and a 5.90% decrease, respectively. However, the two utilities had requested significantly higher rates of Rs2,486/mmBtu and Rs4,161/mmBtu, AHL mentioned. KTrade Securities stated in its market wrap that the bourse rebounded strongly after a sluggish start to the week, supported by improved volumes and trading activity. The rally was led by strength in banking, oil & gas and power sectors. While improving macroeconomic indicators support a positive market outlook, investor participation is likely to remain selective ahead of the FY26 budget announcement on June 2, the report predicted. Overall trading volumes increased to 667.7 million shares compared with Tuesday's tally of 437.9 million. The value of shares traded during the day was Rs26.6 billion. Shares of 463 companies were traded. Of these, 287 stocks closed higher, 125 fell and 51 remained unchanged. K-Electric was the volume leader with trading in 103.7 million shares, rising Rs0.36 to close at Rs4.75. It was followed by Kohinoor Spinning Mills with 40.3 million shares, adding Rs0.36 to close at Rs5.75 and WorldCall Telecom with 36.3 million shares, gaining Rs0.03 to close at Rs1.27. During the day, foreign investors sold shares worth Rs146.9 million, the National Clearing Company reported.
Business Recorder
21-05-2025
- Business
- Business Recorder
Gold prices show upward trend
KARACHI: Gold prices edged higher on Tuesday following a slight rise in the global rates, still hovering close to $3,250 per ounce, traders said. Local market saw an upward trend as the global bullion rate increased by $3, reaching $3,244 per ounce. This rise drove gold prices up by Rs300 per tola and Rs257 per 10 grams. Thus, gold rates scaled up to Rs342,800 per tola and Rs293,895 per 10 grams, All Pakistan Sarafa Gems and Jewelers Association said. Domestic silver prices continued holding steady at Rs3,410 per tola and Rs2,923 per 10 grams with international market selling the white metal at $33 per ounce, according to the association. Copyright Business Recorder, 2025
Express Tribune
20-05-2025
- Business
- Express Tribune
Gold inches up over global rally
Listen to article Gold prices in Pakistan remained relatively stable on Tuesday, despite a rise in international markets for the precious metal. The increase was influenced by a weakening US dollar and ongoing uncertainty about the US tariff policies as well as ceasefire talks between Russia and Ukraine. Domestically, the price of gold inched up Rs300 per tola, reaching Rs342,800, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10-gram gold rose Rs257 to Rs293,895. This follows a significant gain on Monday when gold surged Rs4,000 per tola and settled at Rs342,500. Interactive Commodities Director Adnan Agar noted that gold trading remained subdued throughout the day. "Today's range was relatively narrow, with a high of $3,250 and a low of $3,206, while the market opened at $3,234. Currently, prices are hovering around $3,224," he said. Agar added that the $3,200 level was emerging as a key support zone. "The market is consolidating within a $50 range. If prices close above $3,250 to $3,280 in the next two to three days, we may see a bullish breakout. However, a close below $3,200 could signal renewed downward pressure." Globally, gold prices rose more than 1% on Tuesday as the US dollar weakened further, while uncertainty persisted over Trump's tariff policy and the Russia-Ukraine ceasefire, according to Reuters. Spot gold was up 1.6% at $3,280.32 an ounce by 1049 ET (1449 GMT), while US gold futures were 1.5% higher at $3,283.10. The dollar slipped again on Tuesday, weighed down by the Federal Reserve's caution over the economy, having sold off broadly on Monday after ratings agency Moody's downgraded the US sovereign rating last week. A softer dollar makes bullion cheaper for buyers holding other currencies. "There's still a level of uncertainty out in the market. Most notably, the Moody's downgrade and the weakening dollar have supported the precious metals complex overall," said David Meger, Director of Metals Trading at High Ridge Futures. Meanwhile, the Pakistani rupee weakened slightly against the US dollar in the inter-bank market, registering a marginal depreciation of 0.05%. By the end of trading, the local currency settled at 281.92, down Rs0.15 compared to Monday's closing rate of 281.77. In the international market, the US dollar remained range bound after a week of gradual losses. The greenback's movement was constrained by the Federal Reserve's cautious economic outlook and progress among US lawmakers towards passing legislation, which was expected to further expand the country's fiscal deficit.
