Gold prices in Pakistan Today

KARACHI: Gold and silver prices rose in global and local markets after a one-day pause. In the international bullion market, the price of gold per ounce increased by $24 to reach $4,018. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold per tola also increased by…

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Police begin PO proceedings against CM Afridi

Police assured the court that the challan would be submitted immediately after its completion ISLAMABAD: Police have informed an anti-terrorism court (ATC) in Islamabad that they have initiated proclaimed offender (PO) proceedings against Khyber-Pakhtunkhwa Chief Minister Sohail Afridi and PTI leaders Junaid Akbar and Abdul Ghani Afridi in a case related to the Nov 26,…

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Oil heads for weekly gain

NEW YORK: Oil prices rose by 3% on Friday after the US and Iran stepped up attacks across the Gulf, with shipping threatened by a potential Red Sea closure on top of the restricted traffic through the Strait of Hormuz. Brent crude futures rose by $2.49, or 2.96%, to $86.72 a barrel by 1550 GMT….

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Pakistan name squads for Sri Lanka series

Pakistan Women’s team will play three T20Is and the same number of ODIs during the South Africa tour. Photo: ICC/file The Women’s National Selection Committee has named 15-member squads for the ODI and T20I series against Sri Lanka, scheduled to take place in Hambantota, Sri Lanka from 23 July to 4 August. Fatima Sana continues…

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France cruise past Japan 42-15

TOKYO: France beat Japan 42-15 on Saturday to wrap up their Nations Championship southern hemisphere series with a comfortable win in humid Tokyo. France scored six tries against a Japan side that never gave in but were ultimately outclassed by the Six Nations champions. The result meant France finished their three games with wins over…

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Auto financing surges 38% to Rs382 billion

KARACHI: Bank lending to the automobile sector, housing finance, personal loans and private-sector credit exhibited a strong year-on-year growth in Pakistan. According to statistics released by Arif Habib Limited (AHL), auto financing increased by 3.4% month-on-month and 38% year-on-year. Outstanding auto loans reached Rs381.69 billion in June 2026. Earlier, Pakistan Automotive Manufacturers Association reported that…

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Cuban president denounces latest US sanctions, accuses Washington of reviving ‘McCarthyism’

Miguel Diaz-Canel argues US-backed far right uses ‘radical left’ to justify ‘aggression’ President of Cuba Miguel Diaz-Canel. PHOTO: ANADOLU AGENCY Cuba’s president on Friday denounced the latest United States sanctions on his country, accusing Washington of reviving a “new and more dangerous version of McCarthyism” through a campaign against what he called a global “radical…

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Power consumers may face tariff hike

ISLAMABAD: Electricity consumers across Pakistan could face another increase in power bills next month after power companies sought a Rs1.20 per unit fuel cost adjustment (FCA) for August, citing higher generation costs driven largely by expensive imported fuels, particularly Regasified Liquefied Natural Gas (RLNG). If approved by the National Electric Power Regulatory Authority (Nepra), the…

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IT exports hit record $4.6b

KARACHI: Pakistan’s information technology (IT) exports climbed to a record $4.600 billion in fiscal year 2025-26, extending the sector’s strong growth trajectory and reinforcing its position as the country’s largest services export. According to the State Bank of Pakistan’s (SBP) Balance of Payments data released on Friday, exports under the “Telecommunications, Computer and Information Services”…

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