Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) dropped by more than 1,000 points during a volatile trading session, reflecting investor concerns over rising fuel prices and economic uncertainty. The index fell around 1,015 points in early trading, with declining stocks significantly outnumbering gainers. Market sentiment remained under pressure after the government increased...
Hopes for a diplomatic breakthrough between Iran and the United States were narrowly missed as indirect talks failed to produce a concrete agreement, despite intensified mediation efforts. Reports indicate that backchannel diplomacy, facilitated by countries such as Pakistan, brought both sides close to a potential understanding, but key differences ultimately prevented a deal. The United...
US President Donald Trump has urged his supporters to boycott veteran rock musician Bruce Springsteen following the artist’s criticism of US immigration enforcement policies. The remarks came in a strongly worded post on Trump’s Truth Social platform, where he dismissed Springsteen’s concerts as “overpriced” and lacking quality. Trump’s comments were triggered by Springsteen’s outspoken stance...
The White House has proposed a massive $1.5 trillion defence budget for the upcoming fiscal year, reflecting soaring military costs driven by the ongoing war involving Iran. The proposal marks the largest defence spending request in modern US history, underscoring Washington’s intensified focus on security and military readiness. A significant portion of the budget is...
The real estate market in Karachi has seen a shift in buyer preferences. Karachiites are opting for smarter living, which offers them various amenities and, most importantly, security. Karachi faces major security concerns; hence, there is a rising demand for gated communities. Both families and overseas investors are mostly interested in such developments. They offer...
The United States is considering deploying elite airborne troops to the Middle East as tensions with Iran continue to escalate, raising concerns of a broader regional conflict. Reports indicate that thousands of soldiers from the 82nd Airborne Division—known for rapid deployment and high-risk operations—could be sent to strengthen the US military presence in the region....
At least 70 people, including seven women and 13 children, were killed in a devastating attack on a hospital in Sudan’s East Darfur region, according to the World Health Organisation (WHO). The strike targeted El-Daein Teaching Hospital, leaving the facility severely damaged and no longer operational. Health officials reported that the number of injured rose...
The government may be forced to unfreeze petroleum prices as global oil rates continue to surge, driven largely by escalating tensions in the Middle East. Officials indicate that while authorities had initially tried to shield consumers from rising costs, sustaining the price freeze is becoming increasingly difficult. Prime Minister Shehbaz Sharif had earlier rejected proposals...