Pakistan name squad for Australia ODIs

Star batter Babar Azam is back in Pakistan’s 16-man squad to face world champions Australia in the three-match ODI series. Photo: PCB KARACHI: Star batter Babar Azam is back in Pakistan’s 16-man squad to face world champions Australia in the three-match ODI series starting next week, selectors said Friday. Azam missed the away series in…

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Gold prices in Pakistan Today

Gold and silver prices witnessed a significant decline on Wednesday in both global and local markets after a one-day pause, as fresh fighting in the Middle East dimmed hopes of a resolution to the US–Israeli war with Iran, heightening concerns about inflation and potential interest rate hikes. In the international bullion market, spot gold was…

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McGregor vows return after knee injury

LOS ANGELES: Conor McGregor said Sunday his right knee was fine before he injured it on the first kick of his mixed martial arts showdown with Max Holloway to end a five-year layoff. And the Irish star who lost in 69 seconds at UFC 329 in Las Vegas vowed to make another comeback once he recovers…

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Gold prices in Pakistan Today

At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold and silver prices increased in local markets on Friday after a surge in the international bullion market. The price of gold per ounce rose by $30, reaching $4,753. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the…

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Rate hike risks overcorrection

SBP faces dilemma as supply-side pressures clash with need to protect 3.89% GDP growth KARACHI: Brokerage houses have suggested ahead of the State Bank of Pakistan’s (SBP) upcoming Monetary Policy Committee (MPC) meeting that a policy rate hike would be counterproductive and lead to overcorrection. In its latest preview, Arif Habib Limited (AHL) argued that…

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SBP hikes policy rate to 11.5%

KARACHI: Pakistan’s trajectory of steadily lowering interest rates has been disrupted by spillover effects of Israel-US war on Iran, as the State Bank of Pakistan (SBP) on Monday raised key policy rate by 100 basis points to 11.50%, citing inflationary risks triggered by the geopolitical escalation and the resulting closure of the Strait of Hormuz,…

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