Gold price rises Rs4,200 per tola in Pakistan
Gold prices in Pakistan rose on Monday, following gains in the international market. The price of gold reached Rs487,136 per tola after increasing by Rs4,200. The latest rise pushed local gold prices higher during the session. According to the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold also became more expensive. Its price reached Rs417,640 […]
Pakistan Kissan Ittehad (PKI) has warned the government to restore the wheat support price to Rs4,702 per 40 kg to prevent a potential three-million-tonne wheat shortfall and a massive $1.2 billion import bill. PKI President Khalid Mahmood Khokhar highlighted the severe impact of ineffective policies on domestic wheat production, resulting in a Rs2,200bn loss for local farmers.
The crisis has been exacerbated by global events such as the Gulf conflict, disruptions in the Strait of Hormuz, and the Russia-Ukraine war, which have driven up diesel prices, tube-well electricity tariffs, and international shipping lead times. PKI urges the government to announce the procurement policy and price restoration by the end of the month and ensure nutrient-based fertiliser subsidies apply to all phosphatic fertilisers.
Brief written by urgent.news from Dawn Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
