Gold extends rally, adds another Rs5,100

KARACHI: Pakistan’s bullion market extended its winning streak on Friday as prices rose further, mirroring movements in the international market, where gold hit a seven-week high on increased investor appetite for the precious metal. In the local market, the per-tola price surged by Rs5,100 to close the day at Rs454,336. Similarly, the 10-gram rate rose…

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12 groups show interest in Fesco

ISLAMABAD: Pakistan’s richer families doing business in energy, textile, automobile and cement have shown interest in acquiring a profitable Faisalabad Electric Supply Company (Fesco) along with four foreign firms, offering another opportunity to the government after a decade to start selling these assets. About 12 groups, eight of them Pakistani well-connected and rich families, have…

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US sanctions Dubai crypto exchange for aiding Iran’s IRGC, following a Reuters report

US Treasury sanctions Aban Tether for processing millions of dollars of transactions for sanctioned Iranian entities Representation of cryptocurrencies are seen in this illustration taken September 10, 2025. — REUTERS The United States on Friday sanctioned an unlicensed multi-state cryptocurrency exchange, alleging it processed millions of dollars of crypto for Iran’s elite Islamic Revolutionary Guard Corps…

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President Zardari, PM Shehbaz hail Makkah defence pact

Say pact strengthens collective deterrence and defence ties, calling it a milestone for regional peace and stability President Asif Ali Zardari and Prime Minister Shehbaz Sharif. Photo: File President Asif Ali Zardari and Prime Minister Shehbaz Sharif on Friday hailed the Makkah Joint Defence Agreement signed by Pakistan, Saudi Arabia and Türkiye, describing it as…

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