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Gold prices remain steady in Pakistan after record surge

  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.
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Two New International Airports to Be Constructed in Pakistan



The Government of Pakistan has announced plans to construct two new international airports as part of its efforts to enhance the country's aviation infrastructure and boost economic growth. This initiative is expected to significantly improve connectivity and facilitate trade and tourism, aligning with the government's broader vision for development in the region.


The first airport will be located in the city of Hyderabad, which has been identified as a key area for economic development. The new Hyderabad International Airport aims to cater to the growing demand for air travel in southern Pakistan, providing a modern facility that can handle both domestic and international flights. This development is anticipated to create job opportunities and stimulate local businesses, contributing to the overall economic uplift of the region.


The second airport is set to be constructed in the northern region, specifically in the scenic area of Skardu. This airport will serve as a gateway for tourists visiting the breathtaking landscapes of Gilgit-Baltistan, which is known for its stunning mountains and natural beauty. By improving access to this region, the government hopes to promote tourism and attract international visitors, further enhancing the local economy.


Both projects are part of a larger strategy to modernize Pakistan's aviation sector, which has faced challenges in recent years. The government is committed to investing in infrastructure that meets international standards, ensuring safety and efficiency in air travel. These new airports are expected to incorporate advanced technologies and facilities to provide a seamless travel experience for passengers.


In addition to boosting tourism and trade, the construction of these airports is also seen as a strategic move to enhance regional connectivity. Improved air travel options will facilitate better links between Pakistan and neighboring countries, fostering economic cooperation and collaboration. This aligns with the government's goal of positioning Pakistan as a central hub for trade and commerce in South Asia.


As the plans for these new international airports progress, the government is optimistic about the positive impact they will have on the economy and the aviation sector. The construction of these airports is expected to commence soon, with timelines for completion being closely monitored to ensure timely delivery of these vital infrastructure projects.


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