International bullion drops 2.4% as markets price in 68% chance of Fed rate hike by December KARACHI: Gold prices in Pakistan declined on Friday, tracking a sharp fall in the international market where bullion lost more than 2% after stronger-than-expected US employment data reinforced expectations that the Federal Reserve may keep interest rates elevated for…
Prime Minister Shehbaz Sharif. PHOTO: FILE Prime Minister Shehbaz Sharif on Thursday announced the electronic signing of the “Islamabad Memorandum of Understanding” between US President Donald Trump and Iranian President Masoud Pezeshkian. In a post on X, he stated that “the Memorandum has been signed by honourable Presidents of both the countries and also endorsed by…
Jannik Sinner beat Carlos Alcaraz in straight sets to win the Monte Carlo Masters for the first time. Photo: REUTERS/AFP MONTE CARLO: Jannik Sinner beat Carlos Alcaraz in straight sets to win the Monte Carlo Masters for the first time on Sunday and reclaim the world number one ranking from his Spanish rival.Sinner downed Alcaraz…
Lebanon says 3,912 killed in Israeli attacks since March 2; Israel reports 36 deaths, including civilians Smoke billows from southern Lebanon following an Israeli strike, as seen from Nabatieh, southern Lebanon, June 19, 2026. REUTERS Israeli strikes in Lebanon killed at least 16 people on Saturday, Lebanese Civil Defence said, hours after a ceasefire with…
ANKARA: Turkiye’s Ministry of Foreign Affairs has responded to the Israeli Prime Minister’s post on X, calling him the ‘Hitler of our times’. This exchange has stemmed as a result of Turkiye’s levying charges against Israel’s military and political leadership for the naval interception of the October 2025 “Sumud” Gaza flotilla, seeking up to 4,596…
President Xi Jinping hailed China and Russia's "unyielding" ties in talks with Vladimir Putin on Wednesday, as the pair met to underscore their alliance days after Donald Trump's own visit to Beijing. The two countries' ties have deepened since Moscow's 2022 invasion of Ukraine, as Russia has become increasingly dependent on China, its main oil…
KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a strong footing, where the benchmark KSE-100 index surged in early trading. Investor sentiment was buoyed by expectations of a potential peace agreement between the US and Iran. Optimism around stable global oil prices further supported broad-based buying across the market. At 9:34 am, the…
A Palestinian man inspects the site of an Israeli strike on a house whose residents were warned to evacuate before the attack, in Zawayda, central Gaza Strip June 5, 2026. PHOTO: REUTERS Israeli forces killed a seven-month-old Palestinian baby and wounded his parents in the Tel Rumeida area south of the West Bank city of…
Over 90% of freight, 95% of passenger traffic moves by road; accidents are dangerous and unaffordable KARACHI: Road accidents in Pakistan have become a persistent national tragedy – one that unfolds daily on our highways, city streets and rural roads. Beyond the heartbreaking loss of life, these accidents impose a massive and often overlooked economic…
US West Texas Intermediate futures for June were up $2.76, or 2.6%, at $109.64 a barrel Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Brent oil prices rose as much…