Iran has agreed to allow three oil carriers, originating from Kuwait, to enter Pakistan’s waters, according to sources. Special Assistant to the Prime Minister on Crypto Council, Bilal Bin Saqib, stated that the crisis at the Strait of Hormuz has affected the global supply chain beyond oil prices. He emphasized that the current oil shock is just the beginning, and the real crisis is yet to unfold.
The global gold market has seen a significant surge in prices, with the gold rate increasing by 163 dollars to reach 4413 dollars per ounce. The 100 Index closed at 1,52,740 points last week on Thursday, indicating a decline in business activities. According to the All Pakistan Exchange Association, the price of gold per tola has decreased to 4,47,762 rupees, down from 4,43,162 rupees.
Aqeel Mir stated that 70% of the stockpiled gold in warehouses has not been sold due to the Eid celebrations. The notification mentioned that the levy on HEC on petrol was 105 rupees and 37 paisa per liter. The ongoing war has severely affected airfields and flights in the Gulf region. The global gold market has seen a decline in prices, with the gold rate decreasing by 81 dollars to reach 4686 dollars per ounce.
The weekly update of the Pakistan Stock Exchange has been released, indicating a decline in the gold rate. The global gold market has seen a decline in prices, with the gold rate decreasing by 243 dollars to reach 4767 dollars per ounce. The majority of the world’s fertilizer trade comes from Gulf countries. Following Israel’s attack on Iran’s largest gas field, South Pars, the global oil market has seen a significant surge in prices, leading to concerns about a new wave of inflation worldwide.
The 100 Index closed at 1,54,292 points last week on Friday, indicating a further decline in business activities. According to a statement, the new strategy focuses on three key sectors. US President Donald Trump shared Prime Minister Shehbaz Sharif’s statement on his social media account. Qatar stated that the US made the decision to enter the war based on their assessments, and they are working together with the US to reduce tensions and prevent attacks on their country.
US President Donald Trump stated that they are talking to the right people in Iran, who want to make a deal. Renowned Jewish scholar and author Rabi Yakov Shapiro stated that Netanyahu is not the representative of the Jewish people. The United Arab Emirates strongly condemned Iran’s attack on Bahrain and deemed it an extremely dangerous development for ongoing tensions, as reported by Arab News.
According to sources, the US military has begun preparations to withdraw from the Victoria Military Base in Baghdad.
