Gold prices rose for the third consecutive day in international and local markets on Friday. In the international bullion market, the price of gold increased by $51 per ounce to $4,319. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), The price of gold per tola in the local market also increased by Rs5,100…
Analysts said Pakistan’s external sector remained stable for now due to strong remittances and IMF‑backed financing support, but cautioned that a sustained increase in imports without corresponding export growth could revive balance‑of‑payments risks. photo:file KARACHI: Pakistan’s external account slipped back into deficit in April 2026 as a sharp rise in imports outpaced export growth, highlighting…
Petitioner sought an independent inquiry against the Pims executive director and the responsible officers ISLAMABAD: The capital’s high court on Friday ordered respondents to submit replies within 15 days to the pleas seeking a Federal Investigation Agency (FIA)-led investigation into last month’s Pakistan Institute of Medical Sciences (Pims) tragedy and the dismissal of the hospital’s…
VATICAN CITY: Pope Leo urged governments to slow down the development of AI systems in his first major document, released on Monday, warning that they spread misinformation, prioritise conflict and risk leading the world down a path of unending war. Leo, who has adopted a more forceful tone in recent months and has drawn the…
Revival of route comes amid growing demand from students, business professionals, tourists Pakistan International Airlines (PIA) on Friday announced the resumption of its direct flight service between Islamabad and Beijing, effective July 3, restoring a key air link between Pakistan and China and further reinforcing the longstanding ties between the two countries. The revival of…
KARACHI: The Pakistan business community says the International Monetary Fund (IMF) programme is no excuse to squeeze businesses and the public through the budget, arguing that the success of the upcoming fiscal plan will depend on the government’s ability to raise revenue from under-taxed sectors rather than placing the bulk of the burden on the…
With the addition of reserved seats, support of Awam Dast-e-Bazu, the party’s strength reaches 32 ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) won six of the eight reserved seats in the Azad Jammu and Kashmir (AJK) Legislative Assembly on Monday, taking its total strength in the 53-member house to 32. The Pakistan Peoples Party (PPP) won…
Total deposits stand at $22.1b; gold jumps Rs9,100/tola as global rally gains pace on US employment report KARACHI: The central bank’s foreign exchange reserves recorded a healthy increase during the week ended June 24, 2026 as they rose $611 million to reach $16.53 billion. The increase was mainly driven by government inflows from multilateral institutions,…
Suspected target killer linked to banned group arrested in Karachi joint operation. PHOTO: EXPRESS KARACHI: The Counter-Terrorism Department (CTD) Sindh, in a joint operation with a federal intelligence agency, arrested a suspected target killer linked to the banned outfit Zainabiyoun Brigade on Friday near University Road, Karachi. According to a statement issued by the CTD,…
The well is flowing through a 32/64-inch choke at a pressure of 3,585 pounds per square inch ISLAMABAD: Oil and Gas Development Company (OGDC) on Thursday announced the revival of gas production from Jand-1 well, located in Attock district of Punjab province, marking a significant operational achievement. According to a statement issued by the company,…