CategoriesNews Economy Investment

Gold Hits Historic High of Rs 506,362 per Tola

KARACHI: In a significant development, the price of 24-karat gold in Pakistan surged to Rs. 506,362 per tola, reaching an all-time high, following a sharp increase in international prices. Gold prices rose by $127 per ounce in global markets, reaching $4,840 per ounce, driven by geopolitical tensions, trade wars, and investment movements.

On Wednesday, the domestic gold price rose by Rs. 12,700 per tola, adding further pressure on buyers, especially during the peak wedding season. Investors, however, are showing optimism, with gold emerging as the leading asset in returns, outpacing stocks. As of January 1, gold prices have surged by Rs. 232,762 per tola, following a $2,216 per ounce rise in the international market.

Meanwhile, silver prices also saw a significant rise. The one-tola silver rate reached Rs. 9,933, up by Rs. 64 per ounce, while the 10-gram silver rate climbed to Rs. 8,515. Due to high demand, silver is now being sold at a premium, ranging between Rs. 13,500–14,000 per tola in local markets.

Despite high demand for both metals, gold remains in abundant supply in Pakistan, with investors leading market trends, while jewellery buyers appear less active. Market rates vary, with jewellery shops offering slightly lower prices than official rates, mainly influenced by demand and supply dynamics.

For more news on real estate and development, visit Chakor Ventures.

CategoriesDevelopments Economy Partnerships Press Release

Chakor Ventures Explores FDI in Pakistan for Lahore Project in Strategic Lisbon Meeting

Lisbon, Portugal – January 14, 2026: Muhammad Abbad Khan, CEO of Chakor Ventures, met with José Paulo Marques, President & CEO of OLAE, and Dr. Muhammad Sohail, CEO of SJ Investment, in Lisbon, Portugal. The primary objective of this meeting was to discuss inward FDI opportunities in Pakistan via Chakor Ventures’ upcoming project in Lahore.

The meeting was attended by Muhammad Abbad Khan, CEO of Chakor Ventures; José Paulo Marques, President & CEO of OLAE (Observatório Lusófono de Actividades Económicas); and Dr. Muhammad Sohail, CEO of SJ Investment and an investor and business developer with significant experience in the USA and Europe.

The discussions primarily focused on exploring avenues for inward foreign direct investment FDI in Pakistan through Chakor Ventures’ Lahore Project, which is set to play a pivotal role in enhancing economic opportunities and contributing to the region’s growth. The upcoming Lahore Project aims to provide world-class infrastructure and development solutions, creating new opportunities for local businesses and the broader economy.

Muhammad Abbas Khan, CEO of Chakor Ventures, stated, “We are focused on fostering FDI in Pakistan that not only accelerates development but also creates economic value and sustainable growth for local and global stakeholders.

Meanwhile, President of OLAE, José Paulo Marques, a leading economist with extensive expertise in international trade and economic policy, emphasised the importance of cross-border investment in emerging markets and its potential to drive economic growth in the region.

Dr. Muhammad Sohail, with his extensive experience as a business developer and investor in international markets, discussed the importance of fostering global partnerships to support large-scale infrastructure projects in emerging economies.

The meeting aligned with Chakor Ventures’ ongoing efforts to explore global partnerships and investment opportunities for its expanding project portfolio, further supporting its mission to deliver world-class infrastructure and development solutions in Pakistan.

For more information about Chakor Ventures and its development initiatives, visit Chakor Ventures.

CategoriesEconomy News

Gold Hits New Peak in Pakistan After Rs9,000 Jump

KARACHI: Gold prices in Pakistan extended their rally on Tuesday, supported by strong local demand and a firm upward trend in international bullion markets amid ongoing global uncertainty.

According to data released by the All Pakistan Gems and Jewellers Association (APGJA), the price of gold surged by Rs9,000 per tola to Rs481,862, while the rate for 10 grams increased by Rs771 to Rs413,118.

Market experts attributed the continued rise to volatility in international markets and concerns over the global economic outlook, prompting investors to seek safe-haven assets. On the international front, gold prices edged up by $9, trading at $4,595 per ounce.

Traders said the local bullion market remains closely linked to international price movements, with domestic rates also influenced by currency fluctuations and investor sentiment, as gold continues to attract buyers amid heightened uncertainty.

For more news on real estate and the economy, visit Chakor Ventures.

cutting of tree in islamabad
CategoriesClimate Change Deforestation Economy Featured blog News

What Really Happened in Islamabad’s Tree-Cutting Drive?

A special report on the paper mulberry eradication campaign, the public backlash, competing claims of legality, and the long-term climate and economic cost of losing mature urban green cover.

ISLAMABAD: The drive along Shakarparian Road still feels familiar, until it doesn’t. One moment, the route is shaded by Islamabad’s old, settled tree canopy. Next, the green abruptly disappears, replaced by bare earth and freshly turned soil.

Along the roadside, labourers dig shallow pits. Nearby, pine saplings lie waiting for a plantation. A signboard makes its promise in bold letters: “Greener and Healthier Islamabad, Indigenous Tree Plantation.”

Yet, it is not the saplings that have captured the public’s attention; it is what is missing: decades-old, mature trees that once defined the capital’s identity.

In recent days, the cutting of trees in Islamabad has triggered widespread public anger, forcing explanations from the government, pushing environmental groups into the spotlight, and raising an uncomfortable debate about whether the city’s green cover is being sacrificed under the banner of public health and development.

LATEST UPDATE: “IHC Halts CDA from Cutting Trees in Islamabad”

On January 15, 2026, the Islamabad High Court directed CDA to immediately stop cutting of trees in Islamabad. The court issued this order after a petition alleging that the tree removal violated environmental laws was filed. The CDA is required to submit a detailed report, and notices were issued to the Pakistan Environmental Protection Agency and the Ministry of Climate Change. The hearing has been adjourned until February 2.

Why This Matters? | Cutting of Trees in Islamabad

cutting of trees in islamabad

Beyond the immediate controversy, the cutting of trees in Islamabad episode lays bare a deeper governance dilemma: how a modern capital balances public health, rapid development, and climate resilience. In urban terms, tree cover is not decoration; it is infrastructure.

It cools neighbourhoods, filters air, prevents soil erosion, buffers floods, and protects water resources. Its removal can have long-lasting economic and climate consequences that outlive any short-term administrative goals.

What Happened and Where? Cutting of Trees in Islamabad

cutting of trees in islamabad

 

Large-scale cutting of trees in Islamabad was reported at several locations in Islamabad, including:

  • Shakarparian National Park
  • H-8 (along a portion of the Islamabad Expressway, where a park is being upgraded)
  • Chak Shahzad (where decades-old trees were cut for the construction of a dual carriageway)

In Shakarparian, citizens claim at least four patches have been cleared, collectively spread over more than 15 acres near Lok Virsa, leaving large stretches resembling open, barren land.

The cutting of trees in Islamabad has remained a hot topic online, with residents sharing images and videos of deforested patches, questioning both the scale of the operation and the intent behind it.

The Official Position: Only Paper Mulberry Was Removed

Paper Mulberry cutting of trees in Islamabad

The government’s defence rests on one central claim: that the cutting of trees in Islamabad is not arbitrary, but targeted and legally backed.

Minister for Climate Change and Environmental Coordination Dr Musadiq Malik, speaking on Friday after chairing a meeting on the issue, stated that around 29,000 paper mulberry trees had been removed in Islamabad in line with the Supreme Court’s orders issued in 2023.

The minister said the directive was implemented again in 2025 to rid the city of what he described as an invasive, non-indigenous, and life-threatening species.

Paper mulberry, the minister claimed, is a major contributor to allergies and can cause fatal complications among chronic asthma patients. He added that the felling plan was finalised after confirming with the Ministry of Health that the species posed a major health concern.

“We are not planting non-indigenous species,” he said, adding that every tree chopped would be replaced at a ratio of one cut tree to three new saplings/trees.

The Capital Development Authority (CDA) also maintains that in Shakarparian, only paper mulberry trees were chopped down.

What the Numbers Say? | Cutting of Trees in Islamabad

According to CDA’s DG Environment Irfan Khan Niazi, the operation has proceeded under court directions with close supervision by CDA staff and documentation from cutting of trees in Islamabad to loading.

He stated:

  • approximately 12,000 paper mulberry trees were removed from F-9 Park
  • 8,700 were cut in Shakarparian
  • Additional locations, including H-8, were also included

In total, the CDA reports that 29,115 paper mulberry trees have been removed to date.

The Public’s Concern: ‘This Was Not Only Paper Mulberry’

cutting of trees in islamabad

Despite official assurances, residents insist the reality on the ground looks far broader than a targeted health operation.

In Shakarparian, citizens stated that besides paper mulberry, other trees also appeared to have been cut down, and that large swathes of tree cover were cleared in a manner inconsistent with a selective removal drive.

For many, the question is not merely “why was paper mulberry removed?” but:

  • Why was the removal so abrupt?
  • Why did it involve such large patches of cleared land?
  • and whether decades-old green cover can truly be replaced by saplings in any meaningful timeframe?

Development Projects: The Road and Housing Link | Cutting of Trees in Islamabad

In Chak Shahzad, cutting of trees in Islamabad was carried out for the construction of a dual carriageway intended to connect to a CDA-DHA-owned housing scheme from Park Road, linking the controversy directly to Islamabad’s real-estate expansion and infrastructure development model.

Cutting of trees in Islamabad, H8, took place where a park is being upgraded alongside the Expressway.

This intersection, between ecological removal drives and physical development projects, has strengthened public suspicion that cutting of trees in Islamabad may not be purely a health-driven intervention.

The WWF Report and the ‘Bigger Reality’

WWF-Pakistan report on cutting of trees in islamabad

Environmental groups argue that the issue is more complex than official explanations.

A WWF-Pakistan report criticised the recent removals and land clearing in Islamabad, stating that while the paper mulberry eradication drive is a major factor, extensive vegetation loss also stems from unchecked infrastructure development.

Field inspections conducted from December 2025 to January 2026 reportedly found large-scale clearing along:

  • H-8 Islamabad Expressway
  • Margalla Enclave Link Road
  • Shakarparian

The report raised concerns over:

  • lack of transparency
  • weak site-specific planning
  • monitoring gaps
  • incomplete restoration and exposed soil

Experts Warn: It’s Not Just Trees, It’s the City’s Climate System

Experts caution that even if paper mulberry removal is justified, the method matters.

Climate policy advocate Dr Zainab Naeem said the issue was not the removal itself but the alleged mismanagement, warning that the court-mandated phased approach, ecological assessment and prior afforestation steps appear to have been ignored. She stated native species such as shisham were reportedly also cut, as highlighted in WWF’s findings.

She described the move as climate misgovernance, warning that Islamabad is already developing an urban heat island effect due to concretisation and declining green buffers.

Water resources expert Dr Hassan Abbas warned that large-scale deforestation threatens:

  • groundwater recharge
  • temperature regulation
  • rainfall balance
  • ecological stability

He stressed that even public-health-driven removal must follow proper mechanisms, because replacing trees with concrete accelerates heating, disrupts rainfall patterns, and accelerates degradation.

The Economic Cost Behind the Environmental Cost | Cutting of Trees in Islamabad

cutting trees in islamabad

Beyond ecology, the cutting of trees in Islamabad canopy plays a direct economic role.

Urban analysts note that the loss of mature trees can lead to:

  • Higher electricity demand (cooling loads increase with higher temperatures)
  • Higher public health spending due to heat stress, dust, and air quality decline
  • increased stormwater runoff and greater risk of flooding, raising infrastructure repair costs
  • weaker livability, reducing quality-of-life indicators that sustain long-term urban value

In effect, while development projects may generate short-term economic activity through construction, poorly managed loss of ecological buffers can create long-term liabilities that quietly burden households and government alike.

Accountability Questions: What Was Approved, and Who Monitored?

The controversy has also revived core governance questions, especially in the context of environmental permissions:

  • Were site-specific ecological plans made public?
  • Were environmental assessments and approvals properly disclosed?
  • What independent monitoring existed beyond agency statements?
  • How was “only paper mulberry” verified on the ground?
  • Were permissions and licensing processes fully compliant?

Dr Malik directed that a transparent mechanism be developed to ensure compliance with laws, rules and procedures related to such campaigns, an indication that the current process may lack public confidence.

Notably, while official handouts discussed cutting in multiple sectors, they reportedly did not mention cutting of trees in Islamabad along Park Road in Chak Shahzad, raising further questions about disclosure.

CDA’s Plantation Response: A January Drive Amid Frost

Amid criticism, the CDA launched a plantation campaign in January, a month usually associated with frost and not traditionally viewed as ideal for mass plantation.

Historically, CDA plantation drives typically began around mid-February. This time, the plantation began over a month early in the Shakarparian area.

CDA officials defended the timing by stating that only suitable species, including Chir Pine, were being planted and that the drive aims to plant 30,000 trees, with greater momentum expected next month.

However, critics questioned whether the plantation effort was ecological restoration or merely damage control.

PM Takes Notice

After sustained pressure from citizens and civil society, Prime Minister Shehbaz Sharif took notice of the alleged cutting of trees in Islamabad and sought a report from the CDA.

The government’s response suggests recognition that public anger has moved beyond social media outrage into a politically sensitive urban governance issue.

The Bigger Debate: Health, Development and a City’s Identity

Islamabad’s paper mulberry dilemma is not a simple question of trees versus health. It is a debate about trust, transparency and what kind of capital Pakistan wants to build: one shaped by ecological planning, or one repeatedly “fixed” after irreversible damage.

So the question that arises here is: was this drastic approach truly necessary, or could public health have been protected without stripping the capital bare?

For more news on real estate and Special Reports, visit Chakor Ventures.

CategoriesEconomy News

Pakistan Launches Comprehensive Economic Reforms as Stability Restored

ISLAMABAD: Prime Minister Shehbaz Sharif officially launched the government’s Economic Governance Reforms on Wednesday, marking a significant step towards long-term economic stability and growth. The reforms come after two years of challenging decisions, during which macroeconomic stability was restored, inflation was reduced to 4.5%, and foreign exchange reserves rose to over $21 billion.

At the launch ceremony, Prime Minister Sharif detailed the economic difficulties inherited in early 2024, including 30% inflation and critically low reserves. He emphasised that the government’s focus on structural reforms, such as withdrawing unsustainable subsidies, tightening fiscal discipline, and implementing privatisation measures, was crucial in navigating the crisis. As a result, the country saw a positive shift in economic indicators, with the current account improving from a $3.3 billion deficit to a $1.9 billion surplus.

The reforms also led to an increase in the tax-to-GDP ratio, from 8% to over 10%, and to the addition of over 1 million new taxpayers. Tax collection grew by 26% in 2025, facilitated by the government’s push for digitisation.

Finance Minister Muhammad Aurangzeb provided further insights, noting that GDP growth reached 3.1% in FY25 and 3.71% in the first quarter of FY26, despite external shocks. He also highlighted the reduction of public debt from 75% to 70% of GDP and early debt repayments that saved the country Rs 3.5 trillion in interest costs.

The government’s 142-reform agenda spans critical sectors, including taxation, energy, privatisation, and digital governance, with the aim of establishing a sustainable, private-sector-driven economy.

For more news, visit Chakor Ventures.