Business
Gold prices record a big increase, what is the price per tola? – SUCH TV
The price of gold in Pakistan saw one of the biggest surges ever in both global and Pakistani markets on Monday.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by a massive Rs9,200 per tola, reaching Rs464,762, as global rates rose amid steady investor demand.
The price of 10 grams of gold also climbed by Rs7,888 to Rs398,452, according to the APSGJA.
The price of 10g of 22-karat gold increased by Rs7,231 to reach Rs365,266.
In the international market, gold prices increased by $92 per ounce to settle at $4,424. The uptick reflects sustained global interest in precious metals amid economic uncertainty and shifting currency trends.
Silver followed a similar trajectory, with the price per tola of 24-karat silver rising by Rs267 to Rs8,023. The price of 10 grammes of 24k silver hiked by Rs229 to be sold for Rs6,878.
Business
Sainsbury’s launches new graduate programme with AI focus
Sainsbury’s has announced it is launching a new graduate programme focused on developing skills in artificial intelligence.
The FutureMaker programme, which will take on nearly 50 graduates in the firm’s store support centre, will last for two years and aims to help graduates develop critical digital and artificial intelligence (AI) skills, which the retailer views as vital for supporting future business growth.
The decision to focus the new graduate programme on digital and AI skills was informed by “extensive research” into the future needs of the business, the company said.
Graduates on the scheme will also develop skills in areas including data and analytics, as well as business decision-making.
It comes after warnings earlier this year that UK graduates were facing the toughest job market in years, according to job search site Indeed.
The number of roles advertised for graduates was down 33% on the previous year, its lowest level in seven years.
By focusing its programme on these skills, Sainsbury’s hopes to open more accessible pathways for graduates, improving their digital confidence by demystifying AI and machine learning and enabling more responsible use of these tools.
A Sainsbury’s spokesperson said: “As a proud people-first business, our colleagues are at the heart of everything we do.
“We’re committed to investing in early careers and have spent time identifying the skills our future leaders will need to help us build a sustainable retail talent pipeline.”
In 2024, the retailer announced a partnership with Microsoft to enhance customer and colleague experience with AI, including “upskilling programmes for Sainsbury’s colleagues, helping them learn and grow in the new AI-driven economy”.
Clodagh Moriarty, Sainsbury’s chief retail and technology officer, said of the partnership at the time: “It’s one of the key ways we’re investing in transforming our capabilities over the next three years, enabling us to take another big leap forward in efficiency and productivity.”
But the supermarket stressed that the new graduate programme was not specifically connected to that partnership.
Applications for the graduate scheme open on January 9.
Over the past two years, Sainsbury’s has announced two rounds of job cuts, axing 1,500 jobs in February 2024 and 3,000 jobs in January 2025, as part of plans to simplify its business and cut £1 billion in costs in a challenging economic environment.
Part of its overhaul has also included increasing investment in automation and AI.
Business
CCI may hold senior execs of steel companies accountable – The Times of India
CCI has invoked section 48 of the law, which extends liability to senior executives in charge of company operations. Under this provision, individuals can be held personally accountable and face penalties of up to 10% of their average income over the last three financial years if the violations are proven.Last week, TOI had sent questionnaires to several companies that are under probe but they did not respond to the queries.Based on the investigation by its director general (DG) investigation, the CCI issued an order to the 31 steel companies named in the probe. The firms were directed to submit their audited financial statements, including balance sheets, income and expenditure accounts and profit & loss accounts, for the period from 2015-16 to 2022-23. They have also been asked to provide certified details of turnover linked to the alleged violations, this information is usually used to assess potential penalties, if any.
Business
Report cites weaknesses in public sector DISCOs | The Express Tribune
NEPRA says power distribution sector has shown uneven progress on health, safety standards
Saving. Photo: design: Ibrahim Yahya
ISLAMABAD
Pakistan’s power distribution sector has continued to show uneven progress on health, safety and environmental (HSE) standards, said the National Electric Power Regulatory Authority’s (Nepra) HSE Performance Evaluation Report for fiscal year 2024-25.
The report points to persistent weaknesses among several public-sector distribution companies. Utilities such as Lahore, Quetta and Hyderabad electricity supplying companies were rated in the “fair” category, indicating gaps in safety governance, contractor oversight and field-level implementation of safety procedures. Others, including Islamabad, Peshawar and Sukkur electricity supplying firms, were only assessed as “good” and showed inconsistent performance across key indicators, suggesting that improvements have yet to be embedded into mature and sustainable HSE management systems.
Within the distribution segment, only a limited number of public-sector utilities, including Multan, Faisalabad, Gujranwala and tribal areas electricity supplying companies, achieved “outstanding” ratings during the evaluation period. While these companies demonstrated comparatively stronger compliance, their results showed greater year-to-year variation when compared with top-ranked performers. K-Electric was placed in the “outstanding” category with the highest score of 91 out of 100.
Nepra’s annual evaluation covers generation, transmission and distribution licensees and assesses them against 20 standardised categories outlined in the Power Safety Code. These include accident prevention measures, contractor safety management, documentation quality, emergency preparedness and the effectiveness of HSE management systems. Scores are capped at 100 and classified into five performance tiers ranging from “unsatisfactory” to “outstanding.”
Beyond distribution companies, the report highlights generally stronger and more consistent performance among power generation licensees, many of which recorded high scores across multiple years. Transmission companies showed mixed results, reflecting the operational challenges associated with managing extensive high-voltage networks spread over large geographic areas.
-
Entertainment1 week agoGeorge Clooney, his wife Amal and their twins granted French citizenship
-
Sports1 week agoMorocco reach AFCON last 16 | The Express Tribune
-
Entertainment1 week agoBondi shooting families demand national probe into Australia’s ‘rise in antisemitism’
-
Politics1 week agoThree Turkish police officers, six Daesh militants killed in clash, amid national crackdown
-
Entertainment1 week agoPSX hits record high on UAE rollover optimism
-
Business1 week agoA major drop in the prices of petroleum products is likely with the arrival of the New Year. – SUCH TV
-
Entertainment1 week agoBeyoncé is now a billionaire, according to Forbes
-
Tech1 week agoTop Home Chef Promo Codes This Month
