Buying & Selling

Gold prices in Pakistan experienced a historic crash on Monday, plummeting by Rs43,600 to settle at Rs447,762 per tola, marking one of the steepest single-day declines on record. This massive correction was triggered by a shift in global market sentiment after U.S. President Donald Trump announced a five-day postponement of planned military strikes against Iranian energy infrastructure, citing productive diplomatic talks. The resulting de-escalation of geopolitical tensions caused a sharp sell-off in safe-haven assets, with international spot gold diving as low as $4,097 per ounce before a slight recovery. Analysts suggest that while this cooling of "war premiums" and lower oil prices have provided immediate relief to the local market, the situation remains highly volatile, with the $4,000 international threshold serving as a critical support level for future price movements.

Pakistan’s mobile phone imports surged by 29.6% to reach $1.295 billion during the first eight months of the 2025–26 fiscal year. While this represents a significant recovery from the previous year’s decline, domestic manufacturing is simultaneously hitting new heights, with local plants producing 30.21 million handsets in 2025—dwarfing the number of finished units brought in commercially. The data highlights a clear shift in the country's tech landscape, as smartphones now make up 71% of the devices on the national network. Despite a minor month-on-month dip in February, the overall trend points toward a rapidly digitizing economy supported by both a rebound in high-value imports and a robust local assembly sector.

The Pakistani government has announced a massive Rs55 per litre increase for both petrol and diesel, effective from midnight on Friday. This record hike brings petrol to Rs321.17 and diesel to Rs335.86 per litre, a decision driven by skyrocketing global oil prices following the escalation of conflict between Iran, the US, and Israel. Government officials, including Finance Minister Muhammad Aurangzeb and Deputy PM Ishaq Dar, noted that the regional instability has caused Brent crude to surge above $90 a barrel. In response to the crisis, Prime Minister Shehbaz Sharif has ordered an immediate nationwide crackdown on fuel hoarding and the cancellation of licenses for stations creating artificial shortages.

South Korea is warning that the intensifying conflict involving Iran, Israel, and the U.S. could disrupt the global semiconductor supply chain. The crisis threatens the sourcing of helium, a critical material with no viable alternatives used for heat management in chip production. While major players like SK Hynix report sufficient current inventories, industry leaders fear that prolonged regional instability will lead to higher energy costs and stall Big Tech’s expansion of AI data centers in the Middle East. This warning comes as drone strikes have already damaged Amazon data centers in the UAE and Bahrain, raising concerns for companies like Microsoft and Nvidia that view the region as a future hub for AI computing.

The Rawalpindi Development Authority (RDA) has declared 293 private housing schemes illegal for operating without mandatory approvals and has warned the public against investing in them. Under the direction of Commissioner Rawalpindi and Director General RDA, Engineer Aamer Khattak, the authority is taking strict legal action, including filing FIRs, sealing offices, and demolishing illegal structures. The schemes, located across areas like Taxila, Gujar Khan, and Kahuta, were identified for violations such as unauthorized development, illegal marketing, and incomplete applications. The RDA strongly advises investors and overseas Pakistanis to verify the legal status of any project on the official RDA website, as the authority will not be responsible for financial losses incurred through these unauthorized transactions.

Apple to start iPhone manufacturing in Pakistan via new framework, beginning with refurbishing older models for $100M first-year exports. Includes 8% incentives, discounted land; mirrors India/Indonesia model. Boosts local parts to 35-50%, attracts $557M Chinese investment, plus 6% export levy funding localization.

The federal government is set to unveil a major relief package for the construction and property sectors, featuring significant tax cuts aimed at revitalizing industrial activity. Finance Minister Muhammad Aurangzeb confirmed that Prime Minister Shehbaz Sharif will soon announce the measures, which prioritize lowering property tax rates to stimulate investment and support the dozens of allied industries linked to construction. This initiative is part of a broader economic pivot toward export-led growth, with a similar relief package for the textile industry expected within the next two weeks to bolster sustained industrialization and job creation.

The gold and silver markets recently underwent a historic correction, headlined by gold’s sharpest one-day decline since 1983 and a staggering 27% plunge in silver prices. This "perfect storm" was ignited by Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair, which signaled a shift toward a stronger US dollar and more disciplined inflation control, undermining the appeal of metals as a safe-haven hedge. The sell-off was further accelerated by the CME Group raising margin requirements—the cash needed to maintain trading positions forcing heavily leveraged investors to liquidate their holdings in a massive wave of forced selling. While the drop erased billions in market value, many experts view the crash as a necessary "healthy reset" that has purged speculative excess and brought prices back to more sustainable levels.

The Australian dollar hit a three-year high of $0.7050 on Thursday, driven by surging gold prices and bets on an RBA rate hike next week, while the NZ dollar reached a seven-month peak at $0.6070. Both eased slightly in Asian trade amid mixed US tech earnings. The US dollar stabilized after Fed comments and policy affirmations, but Antipodean currencies outperformed.