Gold slides on ceasefire hopes, US jobs data

In the local bullion market, the price of gold per tola fell to Rs452,233 after a decline of Rs3,094 KARACHI: Gold prices in Pakistan declined on Monday in line with a subdued international market trend, as easing geopolitical risk from reports of a possible Israel-Iran ceasefire and stronger-than-expected US labour data kept bullion under pressure,…

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Gold down as US-Iran tensions reignite oil rally

KARACHI: Gold prices in Pakistan declined on Monday, mirroring sharp losses in the international market, where the yellow metal fell nearly 3%. The drop came after US President Donald Trump announced the reinstatement of a naval blockade on Iran, which boosted oil markets, reignited inflation concerns, and raised expectations of higher-for-longer US rates. In the…

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ADB says budget gaps delayed loan

Ministry terms Rs413b difference as statistical gap between civil, cash accounting A worker walks past inside the Asian Development Bank (ADB) headquarters in Manila. Photo: Reuters/ File ISLAMABAD: The Asian Development Bank (ADB) said on Friday that Pakistan’s staff-level agreement for disbursement of a $1 billion tranche was delayed last month due to budget discrepancies…

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Quetta sit-in talks show breakthrough signs

Both sides report progress toward resolving the impasse over the recent Ziarat terrorist attack QUETTA: The fourth round of negotiations between the Balochistan government and the Quetta sit-in committee ended on Thursday with both sides reporting progress toward resolving the impasse over the recent Ziarat terrorist attack. During the meeting, the protest committee presented its…

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President, PM, ISPR honour UN peacekeepers, reaffirm Pakistan’s role in global peace missions

‘Investing in peace in the contemporary era requires technological and structural evolution,’ says ISPR President Asif Ali Zardari, Prime Minister Shehbaz Sharif and the military’s media wing on Friday honoured United Nations peacekeepers on the International Day of UN Peacekeeping, paying tribute to their courage, professionalism and sacrifices, while particularly acknowledging Pakistani personnel who laid…

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NGO offers transgender people foreign scholarships

Programme will allow selected persons to attend month-long training in host country LAHORE:   While educational opportunities have been few and far between for gender minorities in Pakistan, a local NGO has stepped in to create an international platform for the development of the country’s transgender persons. The Gender Guardian (TGG), a non-governmental organisation working…

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PSX reclaims 180k level, surges 2,932 points

KARACHI: Pakistan Stock Exchange (PSX) posted strong gains on Wednesday, with the benchmark KSE-100 index reclaiming the 180,000 level amid broad-based buying supported by global cues and optimism about Pakistan’s external financing outlook. The KSE-100 settled at 180,014.93, higher by 2,931.71 points, or 1.66%, compared to the previous close at 177,083.22. During the day, the…

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CM Afridi issues directives to apprehend Maulana Idrees’ killers, expresses concern over law and order

Says all available resources will be utilised to bring those involved in the incident to justice K-P CM Sohail Afridi. Photo: Screengrab Khyber-Pakhtunkhwa (K-P) Chief Minister Sohail Afridi on Thursday expressed deep concern over the prevailing law and order situation in the province and said that strict directives had been issued to relevant authorities to apprehend…

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FBI Director and Naqvi discuss counterterrorism financing in Washington

Mohsin Naqvi and Kash Patel shake hands at FBI Headquarters in Washington. WASHINGTON:  Interior Minister Mohsin Naqvi met United States Federal Bureau of Investigation Director Kash Patel on Monday and discussed specialised training to combat counterterrorism financing as the latter hailed the “critical” partnership between their two countries.  Naqvi has been in the US since…

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