Skip to main content

Gold price drops by Rs10,700 per tola in Pakistan

  Gold prices in Pakistan   decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs459,462 after a decline of Rs10,700 during the day. Similarly, 10-gram gold was sold at Rs393,914 after it fell by Rs9,174, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday , gold price per tola reached Rs470,162 after a decline of Rs5,500 during the day. The international rate of gold declined by $107 to reach $4,371 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs145 to reach Rs7,930 per tola.
Post a Comment

Sui Southern Gas Company suspends gas supply to industries


 Pakistan has been facing a severe gas shortage for several years, and the situation has worsened in recent months. The country's gas supply-demand gap has widened, and as a result, the Sui Southern Gas Company (SSGC) has had to suspend gas supplies to captive power plants and industries.

The SSGC's decision to suspend gas supplies has come as a blow to industries and captive power plants that rely heavily on gas for their operations. The suspension of gas supplies has caused significant disruptions to production processes, and many factories have been forced to shut down or reduce their production capacity.

Industries such as textiles, ceramics, and chemicals are among the worst affected by the gas shortage. These industries require a constant supply of gas to operate their machinery and equipment, and the suspension of gas supplies has resulted in a loss of productivity and revenue.

Captive power plants, which generate electricity for industries, have also been hit hard by the gas shortage. These plants use gas as their primary fuel, and the suspension of gas supplies has forced many of them to switch to alternative fuels such as diesel or furnace oil, which are more expensive and less efficient.

The gas shortage has also had a significant impact on the country's economy. Pakistan's exports have been affected by the gas shortage, as many industries that rely on gas for their operations have been unable to meet their export targets. The shortage of gas has also led to an increase in the cost of production, which has further reduced the competitiveness of Pakistani products in the global market.

To address the gas shortage, the Pakistani government needs to take immediate and decisive action. The government must invest in infrastructure and exploration to increase the country's gas production capacity. The government should also encourage the use of alternative fuels such as solar and wind energy, which are abundant in Pakistan.

In conclusion, the gas shortage in Pakistan has had a severe impact on industries and captive power plants. The suspension of gas supplies has caused significant disruptions to production processes and has affected the country's economy. The Pakistani government must take swift action to address the gas shortage and ensure a constant and reliable supply of gas to industries and power plants.

Labels:

Comments

Post a Comment

Popular posts from this blog

UAE Reaffirms Strong Ties with Pakistan on 77th Independence Day

 As Pakistan marked its 77th Independence Day, the UAE demonstrated its continued support and friendship. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, extended his heartfelt congratulations to the leadership and people of Pakistan on this significant occasion. His message was shared via his official account on X (formerly known as Twitter), where he expressed his warm wishes for Pakistan’s progress and stability. In his message, HH Sheikh Mohammed highlighted the enduring relationship between the UAE and Pakistan, emphasizing that as Pakistan moves forward in its journey toward development, the UAE remains committed to strengthening the bonds that unite the two nations. This gesture underscores the deep-rooted ties between the UAE and Pakistan, a relationship built on mutual respect, shared values, and a long history of cooperation. Pakistan and the UAE have maintained close diplomatic, economic, and cultural ...
Post a Comment
Read more

Has Social Media Become the Loudest Voice for Justice in the Israel-Palestine Conflict?

  In a world filled with turmoil and suffering, social media emerges as a powerful force challenging narratives, demanding justice, and giving voice to the voiceless. The recent conflict in the Middle East has not only exposed the harsh realities faced by the Palestinians but also highlighted the evolving role of social media in shaping global opinions. The Unheard Voices of Palestine: A Cry for Justice As violence escalated, Palestinian voices struggled to be heard amidst a media landscape seemingly biased against them. The article delves into how mainstream Western media outlets inadvertently became mouthpieces for one side, prompting a surge in social media activism. Social Media as the Unfiltered Truth The narrative unfolds, revealing the dichotomy between mainstream media and the unfiltered truth found on social media platforms. Gripping accounts, poignant images, and raw emotions flooded these platforms, contrasting starkly with the restrained coverage from major news outlet...
Post a Comment
Read more

Namibian President Hage Geingob passes away aged 82

  Namibia’s President Hage Geingob, aged 82, passed away after revealing his battle with cancer.   In his second term, he supported South Africa’s case against Israel and condemned Germany.   Acting President Mbumba expressed deep sorrow, stating that Geingob was surrounded by family. Detected with cancerous cells in January, he was praised by leaders like South African President Cyril Ramaphosa and Kenyan President William Ruto for his role in liberation and commitment to a unified Africa. Geingob, Namibia’s longest-serving prime minister, underwent surgeries and received treatment until his demise. As the nation mourns Geingob's passing, Namibia is set to hold presidential and national assembly elections later in the year.
Post a Comment
Read more