Business
Gold prices in Pakistan Today – September 13, 2025 | The Express Tribune
Gold prices fell in domestic and international markets on Saturday, tracking a slight dip in global rates. The international bullion rate eased by $2 to $3,643 an ounce, leading to a Rs200 decline in the local 24-carat gold rate to Rs386,300 per tola, according to the All Pakistan Gems and Jewellers Association.
The price of 10 grams of 24-carat gold slid by Rs172 to Rs331,189.
Silver also registered losses, with the per-tola rate down Rs13 to Rs4,443 and 10 grams lower by Rs11 to Rs3,807.
The association said prices reflect prevailing global market trends and currency movements.
Read: Gold prices retreat in Pakistan after reaching record highs
Earlier on Thursday, gold and silver prices fell in both international and domestic markets after reaching all-time highs in Pakistan.
In the international bullion market, the price of gold dropped by $36 per ounce to settle at $3,618. The decline pulled local prices lower as well, with 24-carat gold slipping by Rs4,100 per tola to Rs384,000.
The price of 10 grams also decreased by Rs3,515 to Rs329,218.
Silver mirrored the trend, with the price per tola falling by Rs36 to Rs4,326 and 10 grams easing by Rs32 to Rs3,736.
Bullion dealers attributed the fall to international market corrections and said local demand remained subdued amid price volatility.
Business
Spirit starts monthslong process of dismantling airline after biggest collapse in a generation
Spirit Airlines‘ more than three-decade run ended over the weekend, but on Tuesday it was just starting the monthslong process of dismantling the company after the biggest U.S. airline collapse in a generation.
Spirit and its stakeholders were in bankruptcy court in White Plains, New York, to start that process, which will take months. The hearing included discussions about airport landing fees, aircraft and staffing.
The carrier filed a cumulative wind-down budget of around $217 million, though that number could change.
The budget went out to February 2028. It included more than $52 million in employee costs through July and another more than $52 million for aircraft-related expenses.
The airline had 59 Airbus A320s in service and 63 in storage, as well as 37 of the larger A321s in service, and 13 of them in storage, according to aviation data firm Cirium. More than three-quarters of its fleet was leased.
Spirit shut down operations after years of struggles, most recently from heavy debt loads and a surge in costs.
Spirit’s lawyer, Marshall Huebner of Davis Polk, told a bankruptcy court on Tuesday that the jump in jet fuel prices following the U.S.-Israel attacks on Iran in February left the carrier with no choice but to shut down. That added $100 million in incremental costs for Spirit in March and April, he said.
U.S. bankruptcy court in White Plains, N.Y.
Leslie Josephs/CNBC
Talks for a potential government bailout in the form of a $500 million loan that could have given the government an up to 90% stake in Spirit fell apart late last week, and the carrier officially shut down at 3 a.m. ET on Saturday.
Spirit passengers scrambled to rebook reservations. American Airlines, JetBlue Airways, Southwest Airlines, United Airlines and others said they have flown tens of thousands of Spirit customers who were stranded by the collapse.
Spirit had flown about 50,000 people in the day leading up to its closure. The airline said about 17,000 direct and indirect employees lost their jobs.
“The closing of Spirit Airlines is a sad and unfortunate event that adversely affects many parties, and that’s particularly true for the thousands of folks who are Spirit employees and families who depend on them,” the presiding judge, Sean Lane, said at Tuesday’s hearing.
“The stress level for these employees and affinities is very high, and they likely have many questions,” he continued. “Hopefully there’ll be some information discussed today to provide some answers to some of those questions, or provides information about where to get those answers. Bankruptcy can be a very difficult process, and today is a sad example of that.”
Business
Lidl’s loyalty card becomes less generous, shoppers say
Under the changed system customers collect points rather than reward coupons, with £1 spent equalling one point.
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Business
UK government long-term borrowing costs reach 28-year high
There have been extra jitters in UK government debt markets ahead of Thursday’s local and national elections.
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