eXp Realty Unveils Innovative Partnership with HomeHunter To Streamline International Property Search

eXp Realty Unveils Innovative Partnership with HomeHunter To Streamline International Property Search BELLINGHAM, Wash., Nov. 01, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced today a new partnership with HomeHunter, an innovative web application designed to improve the […]

eXp Realty Unveils Innovative Partnership with HomeHunter To Streamline International Property Search

eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced today a new partnership with HomeHunter, an innovative web application designed to improve the home search process for consumers across Europe, the Middle East, South Africa, India, Australia and New Zealand.

BELLINGHAM, Wash., Nov. 01, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced today a new partnership with HomeHunter, an innovative web application designed to improve the home search process for consumers across Europe, the Middle East, South Africa, India, Australia and New Zealand.

HomeHunter is powered by WikiRealty and goes beyond a traditional search tool, providing a personalized, comprehensive and centralized platform for an easy global home search. It goes beyond the limits of individual searches to streamline the hunt for a home, bringing together data from numerous international platforms. It also features an intuitive bookmarking function that allows users to save their favorite properties from different regions and platforms with just a single click, and provides a curated list of property suggestions based on user search history.

“HomeHunter is poised to become a core source for listing data all over the world with unprecedented opportunities,” said Glenn Sanford, founder and CEO of eXp Realty. “We are immensely proud to be the pioneering brokerage to offer our agents access to this tool to improve the home search experience for their clients. It exemplifies our commitment to enhancing our agents’ value proposition on an international scale. By streamlining the home-buying process for consumers, this tool empowers eXp Realty agents to allocate more of their time to revenue-generating opportunities.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela® and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Examples of such forward-looking statements include, but are not limited to, the availability of incentive programs in international markets and the future value of financial incentive programs. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46667153-6cfb-4078-8cac-368b0a36d78b

GlobeNewswire Distribution ID 8970566

Japan’s WAFUU.COM: 20-Language Global Expansion, 1200%+ Growth

Operated by QRESTIA Inc., WAFUU.COM is a Japan-based e-commerce site that offers a curated selection of Japanese cosmetics, snacks, anime, games, and gadgets. We aim to share the allure of Japan globally, offering multi-language support and extensive shipping options. WAFUU.COM: Japan-Based Cross-Border E-Commerce Site Expands to 70 Countries with 20-Language Support WAFUU.COM, a Japan-based e-commerce platform, […]

Operated by QRESTIA Inc., WAFUU.COM is a Japan-based e-commerce site that offers a curated selection of Japanese cosmetics, snacks, anime, games, and gadgets. We aim to share the allure of Japan globally, offering multi-language support and extensive shipping options.

WAFUU.COM: Japan-Based Cross-Border E-Commerce Site Expands to 70 Countries with 20-Language Support

WAFUU.COM, a Japan-based e-commerce platform, breaks new ground by expanding its shipping network to 70 countries and providing a 20-language interface, bringing Japanese culture closer to a global audience.

WAFUU-JAPAN

TOKYO, Nov. 01, 2023 (GLOBE NEWSWIRE) — The world’s fascination with Japanese culture is far from waning, and WAFUU.COM, operated by QRESTIA Inc., has taken ambitious steps to meet this global demand. The growth rate of over 1200% (compared to the same month last year) is attributed to an expansive product range, multi-language support, the impact of a weaker yen, and an expanded target audience.

This initiative was brought to life by a team deeply passionate about sharing the beauty of Japan. WAFUU.COM has recently expanded its offerings by initiating shipping to 70 countries and adding support for 20 languages, breaking down previous challenges of restricted shipping zones, high shipping costs, and language barriers to reach an even wider audience than before.

This growth suggests that our multi-language platform is effectively reaching countries that previously had limited access to Japanese products. As we continue to refine the user experience, several future upgrades are planned to make the platform more user-friendly. “We have always aimed to build a bridge between Japan and the rest of the world, and this new initiative helps us do just that,” says FUKADA HIDEMASA, CEO of QRESTIA Inc.

Before pivoting to its current e-commerce model, WAFUU.COM was engaged in a business that actively utilized web marketing. This well-honed expertise and experience have been seamlessly transitioned into their new venture in cross-border e-commerce. Product selection is backed by comprehensive market research and AI technology, taking into account both global and local Japanese trends as well as online and offline purchasing data. Building on previous experience with multi-language business operations, the company has also accelerated its multi-language support, making Japanese products more accessible than ever. This multi-faceted approach ensures a product lineup that resonates with a diverse customer base.” For more information, visit https://wafuu.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8aecd815-8139-4240-a056-bf82abf32f15

CONTACT FUKADA HIDEMASA
COMPANY QRESTIA Inc.
PHONE +81-35726-9180
EMAIL pr@qrestia.com
WEB https://wafuu.com

GlobeNewswire Distribution ID 8967985

LeddarTech Announces Participation in Upcoming Fourth Quarter 2023 Investor Conferences

QUEBEC CITY, Canada, Nov. 01, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, announces that Frantz Saintellemy, President and Chief Operating Officer, is scheduled to participate in the following upcoming investor events: November 9, 2023 – Deutsche Bank’s 2023 […]

QUEBEC CITY, Canada, Nov. 01, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, announces that Frantz Saintellemy, President and Chief Operating Officer, is scheduled to participate in the following upcoming investor events:

LeddarTech will participate in meetings with potential investors and industry analysts and in fireside chats. For more information or to register, please visit the “Events & Presentations” section of LeddarTech’s investor relations website.

On June 13, 2023, Prospector Capital Corp. (“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a Cayman Islands exempted company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, announced a definitive business combination agreement with LeddarTech. Upon closing of the transaction, which is expected during the fourth quarter of 2023, the combined company formed through the business combination, LeddarTech Holdings Inc. (“Newco”), is expected to be listed on the NASDAQ under the ticker symbol “LDTC.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

About Prospector Capital Corp.

Prospector is a special-purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on companies with advanced and highly differentiated solutions for the technology sector. The company is led by a team of experienced investors and executives focused on identifying and investing in high-growth companies with strong management teams and attractive market opportunities. Prospector’s securities are traded on NASDAQ under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed business combination, Prospector, LeddarTech and Newco will prepare and will file with the SEC the registration statement on Form F-4 (the “Registration Statement”), and Prospector will mail the proxy statement/prospectus contained within the Registration Statement to its shareholders and file other documents regarding the business combination with the SEC. This press release is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Prospector or Newco may file with the SEC in connection with the business combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION STATEMENT AND OTHER DOCUMENTS FILED BY PROSPECTOR OR NEWCO WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement and other documents filed with the SEC by Prospector or Newco through the website maintained by the SEC at www.sec.gov.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act (which forward-looking statements shall also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding the business combination involving Prospector, LeddarTech and Newco, the ability to consummate the business combination and the timing thereof, the anticipated benefits from the business combination, the closing of the private placement financing and expected proceeds therefrom and statements relating to Newco’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the business combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the business combination or the failure to timely or at all obtain any required regulatory clearances, including of the Superior Court of Justice of Québec; (ii) uncertainties as to the timing of the consummation of the business combination and the ability of each of Prospector, LeddarTech and Newco to consummate the business combination; (iii) the possibility that other anticipated benefits of the business combination will not be realized, and the anticipated tax treatment of the business combination; (iv) the occurrence of any event that could give rise to termination of the business combination; (v) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may affect the timing or occurrence of the business combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry-specific conditions; (vii) possible disruptions from the business combination that could harm LeddarTech’s business; (viii) the ability of LeddarTech to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the business combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the business combination that could affect LeddarTech’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (xiii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; and (xiv) other risk factors as detailed from time to time in Prospector’s reports filed with the SEC, including Prospector’s Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the SEC, as well as the risk factors to be contained in the Registration Statement. The foregoing list of important factors is not exhaustive. Neither Prospector nor LeddarTech can give any assurance that the conditions to the business combination will be satisfied. Except as required by applicable law, neither Prospector nor LeddarTech undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Prospector or Newco, a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

Participants in Solicitation

Prospector, LeddarTech and Newco, and certain of their respective directors, executive officers and employees, may be deemed to be participants in the solicitation of proxies in connection with the business combination. Information about the directors and executive officers of Prospector can be found in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 31, 2023. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the business combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the source indicated above.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

GlobeNewswire Distribution ID 8969420

First Time in History Pakistan Has the Best Batter and Bowler in the World

Pakistani fast bowler Shaheen Shah Afridi has achieved the coveted top spot in the ODI bowling rankings today, making this his inaugural instance of holding the top position in any cricket format.For the first time in Pakistan’s cricket history, both …

Pakistani fast bowler Shaheen Shah Afridi has achieved the coveted top spot in the ODI bowling rankings today, making this his inaugural instance of holding the top position in any cricket format.

For the first time in Pakistan’s cricket history, both the top, batting and bowling rankings are held by Pakistani players.

Skipper Babar Azam has held the top spot in the ODI batting rankings for over a year, and today, Shaheen Shah Afridi achieved his career-best ranking in ODI bowling, securing the top position.

Here are the ODI batting rankings:

Position Player Team Rating Points

1 Babar Azam Pakistan 818

2 Shubman Gill India 816

3 Quinton de Kock South Africa 765

4 David Warner Australia 761

5 Rohit Sharma India 743

6 Heinrich Klaasen South Africa 741

7 Virat Kohli India 735

8 Harry Tector Ireland 729

9 Rassie van der Dussen South Africa 706

10 Dawid Malan England 695

Babar Azam, the top-ranked batter, maintains a rating of 818, even though he hasn’t delivered his best performance in the current mega event. However, his achievements over the years have kept him at the top of the rankings.

Shaheen Afridi’s outstanding performance in the 2023 World Cup has earned him 673 points, placing him at the top. He delivered his best bowling performance of the tournament against Australia as he picked up a five-wicket haul. With 16 wickets to his name, he is currently the joint leading wicket-taker in the tournament.

Position Player Team Rating Points

1 Shaheen Afridi Pakistan 673

2 Josh Hazlewood Australia 663

3 Mohammed Siraj India 656

4 Keshav Maharaj South Africa 651

5 Trent Boult New Zealand 649

6 Rashid Khan Afghanistan 648

7 Kuldeep Yadav India 646

8 Mujeeb ur Rahman Afghanistan 641

9 Adam Zampa Australia 637

10 Mohammad Nabi Afghanistan 631

It should be noted that Shaheen Afridi achieved a historic milestone in yesterday’s match against Bangladesh by becoming the quickest bowler to reach 100 wickets in just 51 matches, surpassing Australian pacer Mitchell Starc.

Furthermore, two crucial matches remain against New Zealand and England, and Shaheen Afridi still has a chance to give his best performance by maintaining his bowling form.

Meanwhile, Skipper Babar Azam has yet to display his true class, as he is closing in on equaling Saeed Anwar’s record of 20 centuries with his current tally of 19 centuries in his career. Fans are eagerly anticipating a resurgence from Babar Azam, showcasing his exceptional batting skills, with the ultimate goal of not only reaching the semifinals but also clinching the World Cup for Pakistan.

Source: Pro Pakistani

Updated Points Table: Pakistan Hopes Again After South Africa’s Win Against NZ

South Africa has catapulted to the top of the points table in the ongoing ODI World Cup 2023 with a resounding victory over New Zealand by a staggering margin of 190 runs. This impressive win has not only solidified South Africa’s position at the top …

South Africa has catapulted to the top of the points table in the ongoing ODI World Cup 2023 with a resounding victory over New Zealand by a staggering margin of 190 runs. This impressive win has not only solidified South Africa’s position at the top but has also ignited new hope for Pakistan’s ambitions of clinching a spot in the top four.

South Africa holds the leading position, having won seven out of their six matches with 12 points and a formidable net run rate of 2.290. Meanwhile, India stands at the second position with an equally impressive record, having secured a perfect score of 12 points with a net run rate of 1.405. Australia is in third place, while New Zealand, despite a setback against South Africa, still clings to the fourth spot.

Pakistan, currently seated in fifth place, finds itself within striking distance of the top four. Their fate depends on both New Zealand’s performance and Pakistan’s ability to win all their upcoming matches. Hence, the crucial clash between Pakistan and New Zealand on November 4th promises to be a game-changer in this intense tournament, which the cricket fans are eagerly looking forward to.

Team Matches Won Lost Points NRR

South Africa 7 6 1 12 2.290

India 6 6 0 12 1.405

Australia 6 4 2 8 0.970

New Zealand 7 4 3 8 0.484

Pakistan 7 3 4 6 -0.024

Afghanistan 6 3 3 6 -0.718

Sri Lanka 6 2 4 4 -0.275

Netherlands 6 2 4 4 -1.277

Bangladesh 7 1 6 2 -1.446

England 6 1 5 2 -1.652

Source: Pro Pakistani

Fatima Fertilizer Signs Agreement with Mastercard to Digitize Farm Input Payments in Agriculture

Fatima Fertilizer, Pakistan’s leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan’s agricultural ecosystem by ensuring financial inclusi…

Fatima Fertilizer, Pakistan’s leading fertilizer manufacturing company, and Mastercard, a global technology company in the payments industry, have signed an agreement aimed at modernizing Pakistan’s agricultural ecosystem by ensuring financial inclusion of farmers.

This strategic collaboration will leverage the latest technologies to digitize payment transactions between a nationwide network of thousands of fertilizer dealers and the farmer community.

A fundamental goal of this agreement is to enhance the country’s national food security. By boosting the agricultural sector’s efficiency and productivity, Fatima Fertilizer and Mastercard seek to significantly contribute towards a more secure and stable food supply.

This collaboration will also focus on implementing innovative agricultural practices and technologies that can increase the per-acre yield and improve the economic situation of farmers.

Rabel Sadozai, Director of Marketing and Sales at Fatima Fertilizer, expressed her commitment to this endeavor by saying: “Fatima Fertilizer believes in the modernization of Pakistan’s agricultural sector, including the financial inclusion of farmers. Our collaboration with Mastercard will harness modern technologies to uplift Pakistani farmers’ social and economic prosperity and position them as key players in safeguarding national food security.”

Arslan Khan, Vice President and Country Business Manager, Pakistan at Mastercard, said: “During its 20-year presence in Pakistan, Mastercard has become a trusted partner to the country’s public and private sector entities in driving financial inclusion and digitizing new payment flows.

This agreement with Fatima Fertilizer marks an important step in our efforts to bring 50 million micro, small, and medium enterprises (MSMEs) worldwide into the digital economy by 2025. Together, we will empower smallholder farmers to access vital resources that enable them to step up their role in achieving Sustainable Development Goal (SDG) 2: Zero Hunger, while improving lives in their communities.”

This collaboration is a critical milestone in advancing the financial well-being of Pakistani farmers and strengthening the nation’s agricultural supply chain. By introducing digital payment solutions and fostering financial inclusion, Fatima Fertilizer and Mastercard are working together to drive growth, efficiency, and prosperity in Pakistan’s agricultural sector.

Source: Pro Pakistani

Rain Might Hinder Pakistan’s Chances of Making to Semifinals

Pakistan’s chances of qualifying for the semi-finals are dreaded by 68% chances of rain in Bangalore on the match day against New Zealand.In a pivotal match set to take place in Bangalore on 4th November, Pakistan face a crucial test of their ODI Worl…

Pakistan’s chances of qualifying for the semi-finals are dreaded by 68% chances of rain in Bangalore on the match day against New Zealand.

In a pivotal match set to take place in Bangalore on 4th November, Pakistan face a crucial test of their ODI World Cup 2023 campaign. With a 68% chance of rain predicted for the day, the stakes are higher than ever. Pakistan’s hopes of advancing in the tournament hinge on a much-needed victory against New Zealand.

Currently vying for a spot in the coveted top four, Pakistan cannot afford to slip in this contest. The threat of rain looms large, potentially impacting the outcome of the match. In a situation where Pakistan need every single point, a washout or reduced-over game could be detrimental to their ambitions.

The team must bring their A-game, showcasing their skills and determination to secure a win against New Zealand. As cricket fans eagerly await the showdown, all eyes will be on Pakistan, hoping they can weather both the opposition and the unpredictable Bangalore weather to emerge victorious.

Source: Pro Pakistani

Price of Gold in Pakistan Falls By Rs. 1,200 Per Tola

The price of gold in Pakistan fell by Rs. 1,200 per tola on Wednesday to close at Rs. 211,800.According to the data released by the All-Pakistan Gems and Jewellers Association (APGJA), the price of gold (24 carats) dropped by Rs. 1,200 per tola to Rs….

The price of gold in Pakistan fell by Rs. 1,200 per tola on Wednesday to close at Rs. 211,800.

According to the data released by the All-Pakistan Gems and Jewellers Association (APGJA), the price of gold (24 carats) dropped by Rs. 1,200 per tola to Rs. 211,800 while the price of 10 grams slid by Rs. 1,029 to Rs. 181,584.

On Tuesday, the price of gold spiked by Rs. 900 per tola after going down by Rs. 1,200 per tola on Monday.

International gold rates stood at $1,983 at 5 PM (Pakistan Standard Time). It bears mentioning that gold prices have retreated after breaking through the $2,000 barrier last week, aided by strong safe-haven inflows due to the turmoil caused by the Israel-Palestine war.

Source: Pro Pakistani

Govt Increases Margins of Dealers and OMCs, Jacks Up PDL on Diesel

Besides retaining the ex-refinery prices of both high-speed diesel (HSD) and MS petrol until November 15, the federal government has jacked up the petroleum levy on Hi-Speed Diesel (HSD) by Rs. 5 to Rs. 60 per liter.The government has enhanced dealer …

Besides retaining the ex-refinery prices of both high-speed diesel (HSD) and MS petrol until November 15, the federal government has jacked up the petroleum levy on Hi-Speed Diesel (HSD) by Rs. 5 to Rs. 60 per liter.

The government has enhanced dealer profit margins by Rs. 0.41 per liter with an additional rise in OMC margins of Rs. 0.47 per liter on petrol and diesel, respectively.

The Inland Freight Equalization Margin (IFEM) on MS has also been increased by 42.5 percent to Rs. 7.71 per liter. The PDL remains intact at Rs. 60 per liter in line with the demands of the International Monetary Fund (IMF).

The dealer and OMC margins for HSD now stand at fixed rates of Rs. 8.64 per liter and Rs. 8.12 per liter, respectively. Meanwhile, the rates revision brings the dealer and OMC margins for MS at Rs. 8.64 per liter and Rs. 7.87 per liter.

Sales tax on both fuel grades remains at zero percent.

These changes in taxes and margins on fuel are part of the caretaker government’s efforts to manage the fiscal situation while addressing concerns of the IMF. The retention of the previous rates at Rs. 283.38 per liter for petrol and Rs. 303.19 for diesel, combined with the adjustments in petroleum levy for HSD and margins for both grades, may offer extended relief for consumers across the country.

Source: Pro Pakistani