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24K Gold Price Declines to Rs428,936 Per Tola in Pakistan

Gold prices in Pakistan were reduced sharply on Monday as domestic and international bullion markets remained under pressure. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola was decreased by Rs2,300 to Rs428,936, while 10 grams fell by Rs1,972 to Rs367,743. In the international market, gold was traded $23 lower at $4,065 per ounce.

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Global Markets

Pakistan Seeks New Funding Sources

Finance Minister Muhammad Aurangzeb told Nikkei Asia that Pakistan plans to diversify its funding sources by returning to China’s domestic bond market for further yuan-denominated borrowing. He said Pakistan’s recent panda bond would not be a “one-time issuance.” In mid-May, Pakistan issued its first panda bond, worth 1.75 billion yuan ($261 million), under a 7.2-billion-yuan programme. Aurangzeb also said Pakistan is exploring Japan’s capital markets, including the possibility of issuing yen-denominated samurai bonds. A samurai bond is a yen-denominated bond issued in Tokyo by a non-Japanese company, government or supranational organization and governed by Japanese financial regulations. The finance minister departed for Bangkok, Thailand, last week to lead Pakistan’s delegation to the World Bank Group–IMF Annual Meetings 2026, scheduled for October 12–18.

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Global Markets

Pakistan, Libya Discuss Energy Cooperation

Pakistan has encouraged domestic refineries to explore importing Libyan crude oil as part of efforts to diversify its energy supply, Petroleum Minister Ali Pervaiz Malik said. He also said a Turkish seismic vessel is expected to arrive next month to begin data acquisition in the Indus Basin. Malik shared the developments on the sidelines of the 17th International Energy Forum Ministerial Meeting in Riyadh, where he met Libya’s Minister of Oil and Gas, Khalifa Rajab Abdulsadek. The two ministers discussed ways to strengthen cooperation in the oil and gas sector.

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Global Markets

PSO Sales Rise 12% Despite Industry Decline

Pakistan’s petroleum product sales fell 2% year-on-year to 1.35 million tons in September 2026, driven by lower high-speed diesel and motor spirit volumes, according to industry reports. Pakistan State Oil’s sales rose 12% to 639,000 tons, while Attock Petroleum sold 116,000 tons. Hascol’s sales declined 14% to 37,000 tons. In the first quarter of FY27, PSO’s sales increased 18% to 1.91 million tons, APL’s rose 11% to 364,000 tons, and Wafi’s grew 6% to 348,000 tons. Hascol’s quarterly volumes fell 12% to 114,000 tons.

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