News Formal

Pakistan's gold market in turmoil as buyers disappear amid government crackdown

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 78%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

itemprop=description content=(Kitco News) - Pakistan’s gold market has come under increasing pressure in recent weeks after the government launched a crackdown on the sector to combat smuggling and tax evasion, according to local media reports.

- Pakistan’s gold market has come under increasing pressure in recent weeks after the government launched a crackdown on the sector to combat smuggling and tax evasion, according to local media reports.

This crackdown, as well as certain administrative measures in the currency market, caused the rupee to appreciate significantly, with Pakistan’s currency becoming the world’s best performer during the month of September. Gold trader Abdul Karim said business has been declining for several months as hyperinflation reduced buyers’ purchasing power while rising costs forced many with gold holdings to sell.

Gold prices in the bullion market have not been released since September 13, as the government continues its campaign to regulate and streamline the market.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 13. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Toronto stocks open higher on utilities boostitemprop=description content=Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »

European stocks gain as US yields back downitemprop=description content=Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Bron: KitcoNewsNOW - 🏆 13. / 78 Lees verder »