Business
Gold prices in Pakistan Today – December 11, 2025 | The Express Tribune
Gold prices, both globally and locally, rose once again, while silver rates reached a record high.
According to Express News, due to a $5 increase in the international bullion market, the price of gold per ounce reached $4,212.
Consequently, in local bullion markets on Thursday, the price of 24-carat gold per tola increased by Rs500, reaching Rs443,562. After this, the price of gold per 10 grams rose by Rs428, reaching Rs380,282.
Read: Gold prices climb again in local, international markets
Similarly, the price of silver per tola increased by Rs85 to Rs6,452, marking a new historical high, while the price of silver per 10 grams rose by Rs73 to Rs5,531, also reaching a record level.
Globally, spot gold fell 0.3% to $4,217.09 per ounce as of 1111 GMT, while US gold futures for February delivery gained 0.5% to $4,244.70 per ounce.
Spot silver rose 1% to $62.39 per ounce, after hitting a record high of $62.88 earlier in the session, bringing its year-to-date gain to 116% on strong industrial demand, declining inventories, and its inclusion on the US critical minerals list.
Business
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams – The Times of India
NEW DELHI: The Income Tax Department has issued a public advisory cautioning taxpayers, especially senior citizens, against fraudulent emails, SMS messages, and websites impersonating the Department to steal personal and financial information.In an official awareness message shared by the Income Tax Department, Government of India, on X, taxpayers have been urged to remain vigilant and verify the authenticity of all communications claiming to be from tax authorities.Fraudsters, the Department warned, are increasingly using fake sender IDs, misleading links and look-alike websites to trick individuals into revealing sensitive details such as PAN numbers, passwords and one-time passwords (OTPs).The Department has reiterated that taxpayers should access tax-related services only through the official portal https://www.incometax.gov.in.Any other website resembling the official domain–such as variations using “efiling” or altered spellings–should be treated as suspicious.“Think Twice, Act Wise,” the advisory reads, emphasising that the Income Tax Department never asks for OTPs, passwords or confidential personal information via email, SMS or phone calls. Taxpayers are advised to always check the sender’s email address and website domain carefully before clicking on any link.To strengthen public awareness, the Department has also encouraged citizens to report suspicious activity. Suspected phishing emails can be forwarded to webmanager@incometax.gov.in, with a copy marked to incident@cert-in.org.in, the national cyber incident response agency.For assistance, taxpayers may also contact the official helpdesk at 1800 103 0025 or 080 46122000.The campaign is part of the government’s broader effort to promote cyber hygiene and protect citizens from digital fraud, particularly vulnerable groups such as senior citizens. The Income Tax Department has urged people to share the message widely to safeguard family members and loved ones.“Think before you click–stay tax smart, stay safe,” the Income Tax Department advised, reinforcing that awareness and caution remain the strongest defences against online tax scams. (ANI)
Business
Refund Delay 2025: A Step-By-Step Guide To Check Income Tax Payout Status
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The income tax department is analysing certain refund claims flagged by the system, either because they were “high-value” or due to deductions that required deeper scrutiny.
Income Tax Refund Delay.
Even as the income tax department ups its ante against the fake deductions, a section of taxpayers are still awaiting their tax return for this year. The refund delay 2025 comes even as the department is scrutinising bogus tax claims “red-flagged” by the system. Ravi Agrawal, chairman of the Central Board of Direct Taxation (CBDT), has said that the refunds would be cleared in December.
In November, the CBDT chairman said the department was analysing certain refund claims flagged by the system, either because they were “high-value” or due to deductions that required deeper scrutiny. He added that taxpayers have been advised to “file a revised return” wherever discrepancies exist.
When are income tax refunds usually issued?
Refund processing begins only after an ITR is successfully e-verified. Once that is done, the income tax department generally credits the refund within four to five weeks, as per the department’s guidelines.
This timeline is followed in most cases. When delays occur, they typically stem from common issues such as:
• An unvalidated bank account (mandatory for receiving refunds)
• An incorrect or inactive IFSC code
• A mismatch between the taxpayer’s name and the PAN details
• A discrepancy between the ITR and data in Form 26AS or the AIS
Missing an email or notification seeking clarification can also pause processing entirely.
How to check your income tax refund status
The refund status can be tracked anytime through the income tax portal. Here’s the step-by-step process:
Visit the portal at: eportal.incometax.gov.in/iec/foservices/.
Go to the e-Filing homepage.
Log in using your user ID and password.
Navigate to: e-File → Income Tax Returns → View Filed Returns
Select the relevant assessment year and click View Details.
This page will show whether your refund has been issued, is under review, or is pending due to additional information required.
Why are ITR refunds delayed in 2025?
Most delays arise from banking or identity-related discrepancies — wrong bank account numbers, invalid IFSC codes, unvalidated accounts, or PAN-Aadhaar linkage issues.
Refunds are also held back when deductions appear inaccurate or require supporting documentation. In such cases, the system routes the return for additional checks.
Mismatches between Form 16, Form 26AS and the AIS are another common trigger. Returns pulled into manual verification naturally take longer to process.
For a majority of taxpayers, refunds arrive within the usual four-five weeks. For others, the processing time depends on how quickly verification, bank detail correction, or responses to notices are completed. Ensuring that all records match and regularly checking the portal remain the easiest ways to avoid further delay.
December 13, 2025, 15:46 IST
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Business
Home loan EMIs to get cheaper? SBI passes on RBI’s 25 bps repo rate cut benefits; check the new rates – The Times of India
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing borrowing costs and lowering EMIs for both retail and corporate customers.The public sector entity slashed the MCLR, EBLR and RLLR rates and revised the BPLR and base rates, according to ET.Herre are the new rates:
MCLR rates revised across tenors
SBI has cut its Marginal Cost of Funds-based Lending Rate (MCLR) across these tenors:Short-span
- Overnight and one-month MCLR: Reduced from 7.90% to 7.85% each.
- Three-month MCLR: Cut from 8.30% to 8.25%
- Six-month MCLR: Now at 8.60%, down from 8.65%
Long-term
- One-year MCLR: Lowered from 8.75% to 8.70% (widely used for retail loans)
- Two-year MCLR: Reduced from 8.80% to 8.75%, according to ET.
- Three-year MCLR: Now 8.80%, down from 8.85%
Effective 15 December this year, SBI also revised its External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR):EBLR ratesDown from 8.15% + Credit Risk Premium (CRP) + Bank Spread (BSP) to 7.90% + CRP + BSP, reducing the benchmark by 25 basis points. The final interest rate payable will depend on the borrower’s CRP and the bank’s BSP.RLLR ratesFrom 7.75% + CRP, the figure came to 7.50% + CRP, reflecting a 25-basis point cut. Borrowers with EBLR- and RLLR-linked loans will see a decline in interest rates and EMIs based on their loan conditions and risk category, ET reported.BPLR ratesSBI has also revised its Benchmark Prime Lending Rate (BPLR) to 14.65% per annum.Base rate adjustmentsThe bank also cut it base rate to 9.90%, effective from 15 December 2025.
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