Local rate dips Rs5,200/tola but international bullion rebounds on soft jobs data KARACHI: Gold prices in Pakistan declined on Wednesday, bucking a sharp global rally, as the local market showed muted response amid limited trading activity and rupee dynamics. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola dropped…
GLM-5.2 from Beijing startup Z.ai is drawing growing Western interest, narrowing the AI gap Since DeepSeek shocked markets early last year with its cheap but powerful AI model, global consumers have been faced with a choice: Chinese offerings with lower prices and less capability or OpenAI or Anthropic, which have poured billions into development. A…
Officials said the gradual increase in river flows had improved the availability of water in major reservoirs ISLAMABAD: Water levels in major rivers and reservoirs continued to improve on Wednesday as rising temperatures in the northern mountainous regions accelerated glacier melt, while authorities expressed optimism that the expected monsoon rains would further boost inflows and…
It will encourage companies to improve environmental, social and governance practices ISLAMABAD: Pakistan has taken a major step towards sustainable finance as the Securities and Exchange Commission of Pakistan (SECP) has issued the country’s first ESG Mutual Funds Framework. The framework enables asset management companies to launch environmental, social and governance (ESG)-focused mutual funds, bringing…
Jean-Noel Barrot reaffirms France’s readiness to contribute to implementation of the agreement France’s Foreign Affairs Minister Jean-Noel Barrot speaks to the press as he arrives for the EU Foreign Affairs Council in Brussels on February 23, 2026. Photo: AFP French Foreign Minister Jean-Noel Barrot welcomed the framework agreement between Lebanon and Israel in a phone…
Agreements are latest in a series of initiatives aimed at expanding Pakistan-Saudi cooperation across multiple sectors Pakistan and Saudi Arabia signed a memorandum of understanding (MoU) on security cooperation on Wednesday, while the Pakistan Cricket Board (PCB) and the Saudi Arabian Cricket Federation (SACF) signed a separate agreement to develop an international cricket stadium in…
KARACHI: Gold prices on Thursday rose in global and local markets after five trading sessions, reaching a new high in the international bullion market. In the international bullion market, the price of gold per ounce increased by $91 to $4,063. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), locally, the price of gold…
Majority of collapsed buildings in hardest-hit city of La Guaira have been marked with the letter ‘D’ for ‘deceased’ Members of the US Air Force 21st Special Tactics Squadron work alongside Venezuelan Military Police in Tanaguarena, La Guaira state, Venezuela. Photo: REUTERS Hope of finding more survivors faded Wednesday as Venezuela marked a week since…
Says the prime minister will attend condolence ceremony for martyred Iranian supreme leader Ayatollah Ali Khamenei Foreign Office Spokesperson Tahir Hussain Andrabi. PHOTO: Radio Pakistan Foreign Office spokesperson Tahir Andrabi said on Thursday that Prime Minister Shehbaz Sharif would undertake official visits to Iran and Türkiye from July 3 to 5. “PM Shehbaz will travel…
Climate Levy raised to Rs5 per litre; Petroleum Levy cut to Rs64.14 for petrol, Rs77.04 for high-speed diesel ISLAMABAD: The federal government on Thursday revised the levy structure on petroleum products at the start of the new financial year, increasing the Climate Support Levy on petrol and high-speed diesel (HSD) while reducing the Petroleum Levy…