Gold prices rise Rs3,900/tola despite global dip

KARACHI: Gold prices in Pakistan moved higher on Friday, even as the precious metal declined in the international market following stronger-than-expected US employment data that raised expectations of an earlier rate hike by the Federal Reserve. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold increased by Rs3,900…

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Pakistan set for Korea tour

Same FIH Hockey World Cup squad to feature in three practice games before Asian Games Pakistan hockey team’s sudden omission from prestigious Azlan Shah Cup has dismayed fans and critics. PHOTO: AFP Pakistan will travel to South Korea on Saturday with the same squad that represented the country at the 2026 FIH World Cup, the…

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Stocks rise amid record OGDC earnings

KARACHI: Pakistan Stock Exchange (PSX) closed the week modestly higher on Friday as the benchmark KSE-100 index gained almost 400 points to settle near 175,330. The rebound trimmed the week-on-week decline to 1.33% after a range-bound session in which investors largely stayed on the sidelines. Arif Habib Limited (AHL), in its report, called it a…

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Fawad blasts fellow PSL franchises

KARACHI: The owner of the PSL’s newest franchise has lashed out at the league’s existing team owners during a meeting of the league in London a few days ago. One franchise owner also called for a review of cricketers’ fees, citing their poor performances. “You did not do anyone a favour by buying a team….

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Govt holds line on CSS age limit

ISLAMABAD: The government has rejected recommendations to raise the upper age limit and increase the number of attempts for the Central Superior Services (CSS) examination, deciding to retain the existing policy. The Establishment Division and Federal Public Service Commission (FPSC) have submitted their written positions on the matter to the parliamentary committee, opposing the proposed…

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$16b fossil fuel import bill strains reserves

KARACHI: Pakistan’s growing dependence on imported fuel is putting severe pressure on its foreign exchange reserves, making immediate investment in renewable energy essential, said Federal B Area Association of Trade and Industry President Sheikh Muhammad Tehseen. He said Pakistan’s oil imports had increased by 5.76% annually, while the country spent more than $16 billion on…

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Mbappe misses penalty as Betis past Real Madrid

Real Betis’ Spanish goalkeeper Alvaro Valles reacts after Real Madrid’s French forward Kylian Mbappe failed a penalty kick during match between Real Betis and Real Madrid. Photo: AFP SEVILLA: Kylian Mbappe missed a late penalty as Troy Parrott scored his first goal for Real Betis in a 1-0 win over Real Madrid on Friday, ending…

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