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Gold Prices Slips on U.S.-China Deal
By Ritu, Capital Sands Gold prices slipped on Thursday in Asia after the U.S. and China signed a historic trade deal. Gold Futures slipped 0.1% to $1,552.15 by 1:30 AM ET (05:30 GMT). Tensions remained however, as Washington decided to keep duties on some $360 billion of Chinese goods. Some analysts also pointed out that the […]
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IMF Grants Pakistan $1.2B Loan to Boost Economy
Pakistan has successfully obtained initial approval from the International Monetary Fund (IMF) for a $1.2 billion financial package, offering a crucial boost to its struggling economy and climate recovery efforts. According to the IMF statement, the agreement covers two components — $1 billion under the Extended Fund Facility (EFF) and $200 million through the Resilience […]
PSX Remains Volatile as IMF Talks Stall and Global Economic Uncertainty Weighs on Investor Sentiment
Stock Market Faces Volatility Amid IMF Review and Global Uncertainty The Pakistan Stock Exchange (PSX) remained range-bound on Friday, as investor sentiment turned cautious amid ongoing IMF negotiations and rising global economic concerns. The KSE-100 Index saw sharp fluctuations, dropping 2,119.55 points (-1.29%) to hit an intraday low of 162,411.25 points before partially recovering. The […]
Afghanistan Faces Major Internet Disruption, Taliban Denies Imposing Ban
The Taliban government has rejected reports of a countrywide internet ban in Afghanistan, insisting that ongoing connectivity issues are due to aging fiber optic cables being replaced, not a deliberate shutdown. This marks the Taliban’s first official statement following widespread concerns about a communications blackout that has disrupted banking, trade, aviation, and humanitarian work across […]
Bahawalnagar Floods 2025: Sutlej River Destroys Homes, Crops & Livelihoods
The Sutlej River has unleashed the worst flooding in 37 years, leaving a trail of destruction across Bahawalnagar district. Thousands of families have lost their homes, farmlands, and livestock, turning one of Pakistan’s key agricultural regions into a scene of despair. Families Left Homeless and Helpless One of the most tragic stories is that of […]
“US Vetoes UN Gaza Ceasefire Resolution for Sixth Time as Humanitarian Crisis Deepens”
US Vetoes UN Gaza Ceasefire Resolution for the Sixth Time The United States has once again blocked a United Nations Security Council resolution demanding an immediate and permanent ceasefire in Gaza. This marks the sixth US veto, isolating Washington and Israel on the global stage as the humanitarian crisis worsens. US Says Resolution Fails to […]
Ishaq Dar Calls Israel a Threat, Urges Arab-Islamic Task Force at Doha Summit
Pakistan’s Deputy PM Condemns Israeli Strike on Qatar Deputy Prime Minister and Foreign Minister Ishaq Dar has called for the formation of an Arab-Islamic task force to counter Israel’s actions, describing the country as a “persistent danger to global peace and security.” Speaking at a ministerial meeting in Doha ahead of the Emergency Arab-Islamic Summit, […]
“Sushila Karki Becomes Nepal’s First Female Prime Minister After Deadly Anti-Corruption Protests”
Nepal has appointed Sushila Karki, the country’s former Supreme Court Chief Justice, as its first female Prime Minister. Her appointment comes after days of anti-corruption protests that turned violent, forcing Prime Minister KP Sharma Oli to resign. Historic Appointment Amid Political Crisis The 73-year-old Karki was sworn in during a short ceremony in Kathmandu after […]
Job Market Crisis: BLS Finds U.S. Employment Weaker Than Reported
The U.S. labor market may be weaker than previously reported, as the Bureau of Labor Statistics (BLS) prepares to release its annual benchmark revision today. Economists warn that hiring numbers for the past year could be revised sharply downward, showing that job growth has been hundreds of thousands lower than earlier estimates. Major Jobs Revision […]