All Pakistan Gems and Jewelers Association said the rate of gold in Pakistan reduced by Rs3,600 per tola.

The association claimed the price of one tola of gold decreased by Rs3,600 to Rs465,536.

The price of gold also fell Rs3,086 to Rs399,122 for 10 grams.

In overseas markets, gold prices slipped $36 to $4,430 an ounce.

Greece’s Ambassador Eleni Pouriki has underlined the need to create chances for Pakistani skilled professionals in Greece as both nations are eager to diversify trade, investment and economic relations outside conventional industries.

Greek Ambassador to Pakistan, Mr. Andreas Papastavrou, while visiting Lahore Chamber of Commerce and Industry (LCCI) held talks with the LCCI President Faheem-ur-Rehman Saigol and discussed improvement of bilateral commerce and establishment of direct business contacts between business communities of the two countries.

Pouriki emphasized the important role the private sector might have in the expansion of Pakistan-Greece economic relations and urged for more intensive business-to-business (B2B) contacts.

There is demand for Pakistani qualified workforce in Greece and employment opportunities are accessible in agriculture, engineering and other areas, she said.

The envoy also pointed on the importance of diversifying bilateral commercial ties. Apart from textiles, she said, tourism and renewable energy were other fields with great potential for cooperation between Pakistan and Greece.

When asked about the tourist business, which is a major revenue earner for Greece, Pouriki said her country can share the expertise in improving tourism infrastructure with Pakistan.

President LCCI Faheem-ur-Rehman Saigol said that Pakistan and Greece should look for more cooperation in agriculture and minerals and mining as partnership can provide new economic potential.

“Greece could benefit from Pakistan’s technology, expertise and experience in a number of sectors, particularly tourism,” he said.

Saigol said that the two countries need to have more exchange of business delegations and B2B meetings to enable the entrepreneurs to find possible partners and investment prospects.

Both sides agreed that enhanced cooperation between the Pakistani and Greek business sectors might help unlock latent trade possibilities and expand bilateral economic relations.

The discussion also underlined the prospects of enhancing Pakistan-Greece economic connections beyond traditional commerce to include cooperation in technology, skilled personnel, renewable energy, tourism, agriculture and mineral development.

World food prices climbed in August to their highest level since late 2022, as severe weather and war disruption in the Gulf and Black Sea heightened anxiety about the supply of basics, the United Nations’ Food and Agriculture Organisation said on Friday.

Extreme heat and drought in Europe, the danger of a severe El Nino weather pattern and trade disruption induced by the Ukraine and Iran wars have upset agricultural markets, sending grain prices to three-year highs and sugar to a one-year peak.

The FAO Food Price Index, which analyzes monthly movements in a basket of internationally traded food items, averaged 133.3 points in August, up from July’s corrected figure of 130.8.

That was the highest score since November 2022, however roughly 17% behind a record peak from March 2022, during Russia’s full-scale invasion of Ukraine. “August’s surge in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and interrupted trade logistics are converging to tighten supply expectations,” FAO Chief Economist Maximo Torero said in a statement.

The FAO’s price benchmarks for cereals, vegetable oils, sugar, meat and dairy all rose in August.

The inclement weather in Europe impacted hopes for the maize and sugar beet harvests as well as animal output, while the projected El Nino phenomena fanned fears for vegetable oil and sugar output, it said.

Escalating strikes in the Black Sea have curtailed food exports between Russia and Ukraine in their 4-1/2-year-old war, while the US-Iran confrontation was still straining deliveries of fertiliser for crops.

In a separate report, the CSA decreased its 2026 global cereal production prediction by 3.4 million metric tons from July to 2.980 billion tons, currently 2.0% below 2025, yet still the second-largest harvest on record.