Gold drops sharply on global selloff

KARACHI: Gold prices in Pakistan declined sharply on Friday, tracking a broad-based selloff in international markets, where bullion fell to a more than one-week low amid a stronger US dollar and rising Treasury yields. In the local market, the gold price per tola dropped to Rs476,862 after a steep decline of Rs15,500 during the day….

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Spurs reach Western finals

LOS ANGELES: The San Antonio Spurs booked their ticket to the NBA Western Conference Finals with an emphatic 139-109 win over the Timberwolves on Friday, as the resilient Detroit Pistons stayed alive in the East by defeating Cleveland. The Spurs arrived in Minnesota with a 3-2 lead in their best-of-seven semifinals, and led throughout a…

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International furniture goods expos proposed

LAHORE: Punjab Governor Sardar Saleem Haider Khan has said that organising a series of single-country “Made-in-Pakistan” expos across different regions of the world can play a vital role in promoting the country’s products in global markets besides enhancing their export potential. Talking to a delegation of furniture manufacturers on Friday, led by Pakistan Furniture Council…

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Aston Villa humble Liverpool

BIRMINGHAM: Aston Villa secured Champions League football with a 4-2 win over Liverpool on Friday that leaves the Reds still at risk of missing out on Europe’s elite competition next season. Ollie Watkins struck twice as Villa boss Unai Emery was rewarded for naming a strong side just days before the Europa League final. “Champions…

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FinMin calls Panda Bond a ‘transformational step’ for Pakistan economy

Says successful issuance reflects growing confidence of Chinese institutions, global investors Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS Finance Minister Muhammad Aurangzeb on Saturday said Pakistan’s inaugural Panda Bond issuance marked a “transformational…

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Uzbek FM lauds Pakistan’s constructive role in mediation, discusses bilateral ties with Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar with Foreign Minister of Uzbekistan Bakhtiyor Saidov. Photo: MOFA/Website Foreign Minister of Uzbekistan Bakhtiyor Saidov on Saturday appreciated Pakistan’s role in mediation efforts for peace in the Middle East and discussed bilateral ties in a call with Deputy Prime Minister and FM Ishaq Dar. According to the…

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Fuel, flour prices push SPI to 14.5%

KARACHI: Pakistan’s short-term inflation accelerated sharply, with the Sensitive Price Indicator (SPI) rising 14.52% year-on-year for the week ended May 14, reflecting mounting pressure on household budgets from soaring fuel, wheat flour and utility costs owing to the spillover effects of the Israel-US war on Iran and supply disruptions. The weekly SPI also increased 0.47%…

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