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Dhabeji Special Economic Zone: A Project Between Pakistan and China Will Generate 100,000 Jobs and Draw $3B in Investment

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2 days ago

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The “Dhabeji Special Economic Zone” would be established within the China-Pakistan Economic Corridor, according to an agreement the government has signed with both Chinese and local businessmen.

The area will have direct access to international commerce routes because to its advantageous location close to Karachi’s ports.

The project is anticipated to generate over 100,000 employment and $3 billion in investment. This collaboration represents a significant advancement in China-Pakistan industrial cooperation.

In the second phase of the China-Pakistan Economic Corridor (CPEC), the Dhabeji Special Economic Zone will be constructed using a public-private partnership model. It is anticipated to be a major gathering place for foreign and domestic investors, especially Chinese companies.

The SEZ seeks to boost exports, encourage industrial growth, and improve Pakistan’s economic independence.

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Pakistan’s gold price has skyrocketed.

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17 hours ago

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On Wednesday, Pakistan’s gold price skyrocketed, mirroring worldwide market movements.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) released data showing that the price of 24-karat gold per tola increased by Rs2,300 in the local market, reaching its highest level ever at Rs288,700.

The price of 10 grams of 24-karat gold also went up by Rs1,972, to Rs247,513.

On Wednesday, the price of gold increased by $22 on the global market as well, reaching $2,763 per ounce with a $20 premium.

Silver prices in the local market increased by Rs28 to Rs3,391 per tola.

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As the PSX’s liquidity evaporates, bears take stock.

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18 hours ago

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Selling pressure persisted on the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index hovered at 111,528 points following a loss of nearly 500 points on Wednesday.

There was selling pressure in the index-heavy energy sector, which includes refineries, power production, OMCs, and companies involved in oil and gas exploration. HUBCO, SHEL, SNGPL, MARI, OGDC, PPL, and POL were among the important equities that had negative trading.

Liquidity had dried up to maintain the PSX’s previous upward trend, according to analysts.

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The price of gold in Pakistan has significantly decreased.

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On Tuesday, the price of gold in Pakistan experienced a significant decrease, mirroring global market patterns.

The price of 24-karat gold per tola in the local market declined by Rs2,700, reaching a record high of Rs286,400, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10 grams of 24-karat gold dropped by Rs2,315, taking it to Rs245,541.

Additionally, the price of gold in Pakistan has declined further.

In the global market, the price of gold decreased by $26 on Tuesday, settling at $2,741 per ounce, with an additional premium of $20.

The price of silver in the local market fell by Rs32 to reach Rs3,363 per tola.

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