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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.
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Pakistan and UAE will enhance air connectivity by opening new routes for flights.



Pakistan and the UAE have agreed on improving the airlift connectivity between the two nations with an intent to further enhance their bilateral cooperation and provide enhanced travel options. The agreement has been reached by Pakistan's ambassador to the UAE, Faisal Niaz Tirmizi, in talks held with the relevant authorities of UAE. The entry of more low-cost airlines in the country will raise accessibility and affordability for passengers. This is likely to be of great benefit to the passengers and further increase the bilateral ties.  Under the agreement, Pakistan's private airline AirSial is set to commence its operations from Abu Dhabi to three major cities of Pakistan.

Wizz Air, the low-cost carrier based in the UAE, will also be operative between Abu Dhabi and two Pakistani cities. The airlines are likely to start operating new routes in the following two to three months, after which they will communicate specific schedules and routes. These routes will provide much-needed affordable travel options for people and thus promote the increasing need for connectivity between the two countries. Today, eight airlines operate scheduled services between Pakistan and the UAE. These include Emirates, Etihad Airways, flydubai, Pakistan International Airlines (PIA), Fly Jinnah, Air Arabia, Serene Air, and Air Blue. AirSial and Wizz Air would further facilitate this network by adding more choices for passengers, with competitive prices and improved convenience. It would not only help the traveler, be it a tourist or an expatriate, but also improve trade and business. Officials have said that this agreement goes beyond improving air travel timetables. It has much to do with mutual trade and investment between these two countries and cultural interactions as well. The improved connectivity is to facilitate economic cooperation with the United Arab Emirates having significant trade as one of the country's top trading partners along with a very strong Pakistani diaspora.


This development will coincide with the visit of Prime Minister Shehbaz Sharif to the UAE in February while he attends the World Government Summit. In this visit, enhancing economic cooperation, trade, and employment opportunities for Pakistanis in the UAE is expected to take center stage. Complementing discussions regarding the enhancement of collaboration between the two countries through a concrete medium the new routes will be established.


Air connectivity development reflects the commitment of Pakistan and the UAE to further fortifying their historical ties. Citizens, businesses, and investors will now find traveling easier and relatively more affordable across the board. This can also be seen as part of a forward-looking approach toward mutual growth and collaboration, which will pave the way for even stronger ties in the years to come.

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