Gold jumps Rs4,600 on Iran peace hopes

KARACHI: Gold prices on Monday registered an increase in Pakistan, mirroring gains in the international market, where the precious metal rose more than 1% amid hopes of a peace deal to end the US-Iran war. The development eased pressure on the dollar and oil prices, reducing fears of higher inflation and interest rates for an…

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US, South Korea discuss nuclear cooperation in security talks

Seoul pushes for expanded uranium enrichment, reprocessing rights for nuclear-powered submarines by mid-2030s US President Donald Trump meets with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation leaders’ summit in Gyeongju, South Korea, on October 29, 2025. PHOTO: REUTERS South Korea and the United States held inaugural talks this week to discuss nuclear cooperation under a…

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Govt extends Fawad Asadullah Khan’s tenure as IB chief

The federal government on Friday extended the tenure of Fawad Asadullah Khan as director general of the Intelligence Bureau (IB) after granting him a four-year extension in service. According to notifications issued by the Establishment Division, Prime Minister Shehbaz Sharif approved a four-year extension in the contract of Fawad from July 14. A separate notification…

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IMF endorses diesel pricing formula

ISLAMABAD: The International Monetary Fund (IMF) has endorsed a new formula to fix prices of high-speed diesel, which has addressed the issue of windfall gains to oil refineries due to the Middle East war and helped keep diesel prices lower by Rs100 per litre for this week. Without any change in the formula, the diesel…

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Afridi orders free cancer drugs revival

K-P CM Sohail Afridi. Photo: Screengrab PESHAWAR: Khyber-Pakhtunkhwa Chief Minister Muhammad Sohail Afridi has directed the revival of a program providing free medicines to underprivileged cancer patients, along with its province-wide expansion to ensure timely and cost-free treatment for eligible individuals. The directive came during a high-level meeting on the provincial annual development program for…

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State Bank receives $1b Saudi tranche

State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) said on Tuesday that the country has received $1 billion from the Ministry of Finance of Saudi Arabia, marking the second tranche of a $3 billion deposit agreement with the Kingdom, in a post on X. In the statement, the central bank…

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FCC rules it can initiate contempt cases

Lawyers strike in protest of Imaan Mazari and Hadi Ali Chattha’s arrests halt all court proceedings, Islamabad High Court PHOTO: EXPRESS ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that it possesses the authority to initiate contempt of court proceedings under the existing constitutional framework. In a 13-page judgement authored by Justice Aamer Farooq in…

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