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Photo: Hamzah / Wikimedia Commons (CC BY 3.0)

Pakistan petrol pumps to shut nationwide

Petrol pumps across Pakistan will shut down indefinitely from midnight after talks with the government over the shift to daily fuel-price revisions failed, raising the risk of widespread fuel disruption and affecting consumers nationwide. Retailers accuse the daily pricing mechanism of worsening losses and demand restoration of the monthly pricing framework and better dealer commissions as OGRA takes over price setting.

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Photo: Szaaman / Wikimedia Commons (Public domain)

Gold price surges Rs4,700 per tola in Pakistan

Gold prices in Pakistan jumped about Rs 4,700 per tola to Rs 429,236, with 10 grams up by Rs 4,029 to Rs 368,000, as international bullion gains propelled local markets and silver rose to Rs 6,396 per tola. The rally tracked a global rise to roughly $4,068 per ounce, with investors weighing geopolitical and inflationary pressures that could influence futures and monetary policy.

9 sources