Gold prices in both global and local markets remained stable on Friday, although per tola rates continued to hover at record highs. In the international bullion market, the price of gold per ounce held steady at $3,865 with no change. Similarly, in local bullion markets, the price of gold per tola stayed unchanged at Rs407,778. In line with the global movement, domestic prices followed suit, with gold per 10 grams remaining stable at Rs349,603. Meanwhile, spot gold inched up 0.03% to $3,857.25 per ounce after hitting a record high of $3,896.49 on Thursday. The bullion has gained 2.6% so far this week. Among other precious metals, spot silver climbed 0.6% to $47.24 per ounce, platinum rose 0.5% to $1,576.25, and palladium gained 1.4% to $1,258. 25.
In a dramatic turn of events, the Federal Board of Revenue has lifted the freeze on Pakistan International Airlines ' bank accounts, but the shadow of financial woes looms large. With 28 accounts initially frozen and Pakistan State Oil issuing ultimatums, the national carrier finds itself in a precarious position. This financial saga unfolds against the backdrop of a European Union Aviation Safety Agency (EASA) team scrutinizing Pakistan's flight safety measures. PIA, previously barred from European operations following a 2020 crash and allegations of dubious pilot qualifications, faces a dual challenge: financial recovery and restoring international aviation credibility. As recovery proceedings persist, can PIA navigate these turbulent skies and regain its status as a safe and reliable airline? The answers may shape not only the fate of the national carrier but also the perception of Pakistan's aviation industry on the global stage.