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The gold price in Pakistan continued its downward trend on Wednesday, dropping sharply in response to global market shifts. The cost of gold per tola fell by Rs2,245, bringing the new rate to Rs383,055. This marks the second consecutive day of decline. 10-Gram Rate Also Down The price for 10 grams of gold saw a …
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Pakistan is likely to see some relief from the ongoing extreme temperatures as pre-monsoon rains are expected to hit several regions starting this weekend. The Pakistan Meteorological Department (PMD) has forecast widespread dust storms, rainfall, and thunderstorms, offering a break from the persistent heatwave. Eastern Sindh First to See Rain According to the PMD, a …
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In a major shift, the government has reduced the proposed tax on imported solar panels from 18% to 10%, following industry pressure and parliamentary opposition. The change comes as Pakistan’s solar imports are expected to exceed Rs110 billion in the upcoming fiscal year, reflecting soaring demand amid rising electricity prices. Revised Policy After Consultation Deputy …
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The government has warned it may introduce a Rs500 billion mini-budget if parliament blocks legal reforms targeting economic enforcement. Finance Minister Muhammad Aurangzeb made the statement during a post-budget press conference, stressing that enforcement, not more taxes, is the only viable path forward. Ban on Transactions by Ineligible Persons Aurangzeb said enforcement hinges on banning …
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In a major step for Pakistan-US diplomacy, Chief of Army Staff General Asim Munir is set to meet U.S. President Donald Trump in a rare high-level engagement at the White House. The scheduled meeting on Wednesday comes as Washington weighs direct involvement in Israeli airstrikes on Iran. Strategic Talks at a Critical Time The meeting …
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In a bold declaration of Iran’s defiance, Supreme Leader Ayatollah Ali Khamenei rejected U.S. President Donald Trump’s call for unconditional surrender. The statement, broadcast on Iranian state TV Wednesday, comes as tensions surge following Israeli airstrikes on Tehran and reports of possible U.S. military involvement. No Surrender Under Pressure Khamenei stated that peace or war …
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In a strong diplomatic move, Pakistan presented a joint Muslim condemnation against Israeli military actions in the Senate on June 18, 2025. Deputy Prime Minister and Foreign Minister Ishaq Dar submitted a formal statement, signed by 21 Muslim-majority nations, denouncing Israel’s ongoing attacks on Iran. The declaration was issued by their foreign ministers and reflects …
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FLORES TIMUR – Mount Lewotobi Laki-laki, a powerful volcano in south-central Indonesia, erupted on Tuesday afternoon, sending an enormous column of hot ash 10,000 metres (32,800 feet) into the atmosphere. The Indonesian Geological Agency reported that the ash plume expanded into a vast mushroom-shaped cloud visible from cities 90km to 150km away. Authorities immediately raised …
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KARACHI – Careem has officially announced that it will discontinue its ride-hailing operations in Pakistan effective July 18, 2025, marking the end of nearly a decade of service in one of its largest and most active markets. The decision was shared with users via an official notification, where the company thanked customers for their years …
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BEIJING – China has successfully evacuated more than 700 of its nationals from Israel and Iran as tensions between the two countries continue to escalate. The Chinese Foreign Ministry confirmed on Wednesday that these individuals were moved to “places of safety,” and added that efforts are ongoing to evacuate over 1,000 more. The ministry emphasized …
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TEHRAN – Iranian police have announced the interception of 14 Israeli drones across various provinces, as tensions between the two countries remain dangerously high. The Iranian Labour News Agency (ILNA) quoted police spokesperson Saeed Montazerolmahdi, who said security forces also located hostile drone-producing workshops and drone-transporting vehicles during operations conducted in recent days. “These operations …
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GAZA – Internet and fixed-line communication services in central and southern Gaza were disrupted on Tuesday following damage to the territory’s main fibre optic cable, according to the Palestinian Authority. The PA squarely blamed the ongoing Israeli military operations for the outage, which has further isolated parts of the besieged enclave already reeling from war. …
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KARACHI – A massive fire broke out at Millennium Mall on Rashid Minhas Road in the early hours of Wednesday, causing widespread panic and significant property damage. The blaze reportedly started on the roof of the multi-storey shopping complex and quickly spread downward, reaching the fourth and third floors, both of which house garment shops. …
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The GTA VI delay has cast a shadow over the global videogame market’s growth in 2025, despite a slight improvement from the previous year. Industry Hopes on Hold Analysts had expected a surge in growth due to the anticipated release of Take-Two Interactive’s “Grand Theft Auto VI” and upcoming gaming consoles. However, the GTA VI …
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Former Pakistan captain Babar Azam’s BBL salary has made headlines as he becomes one of the highest-paid players in Big Bash League history. The Sydney Sixers have signed him for Season 15 in a pre-draft platinum deal reportedly worth close to PKR 10 crore, surpassing the standard base price of PKR 7.75 crore. Sixers Make …
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>The Pakistan Meteorological Department has issued a heatwave warning for the plains of the country, forecasting dangerously high temperatures from June 18 to June 21. The alert urges citizens, especially vulnerable groups, to take extra precautions during peak heat hours. Extreme Temperatures Ahead The Met Office predicts hot and dry weather across most regions. Daytime …
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In a landmark decision, Pakistan has recorded its first-ever insider trading conviction, signaling a major shift in capital market enforcement. On June 17, 2025, the Sindh Special Court (Offences in Banks) convicted Zakir Hussain Somji, Assistant Vice President of Investments at Habib Metropolitan Bank Limited (HMB), for illegal trading based on non-public information. SECP Leads …
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U.S.-Iran tensions surged sharply after President Donald Trump made a provocative statement on the social media platform X, claiming that the United States has “complete and total control of the skies over Iran.” His post triggered international concern over the growing risk of conflict in the Middle East. Bold Claims About Air Superiority In his …
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Amid growing tensions in the Middle East, President Donald Trump abruptly left the G7 summit in Canada to focus on the Israel-Iran conflict. He returned to Washington late Monday, cutting short diplomatic discussions with world leaders. Departure Sparks Global Attention White House Press Secretary Karoline Leavitt announced Trump’s early departure on X, citing the situation …
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Pakistan has recalled non-essential diplomatic staff and their families from Iran as part of precautionary steps to ensure diplomatic safety amid escalating tensions in the region. The decision comes in light of the ongoing Israel-Iran conflict, which has raised security concerns for diplomatic missions. Partial Withdrawal Announced According to officials from the Ministry of Foreign …
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The Balochistan government has announced its provincial budget for FY2025-26, In conclusion totaling Rs1,028 billion. Finance Minister Mir Shoaib Nosherwani presented the budget, calling it balanced and inclusive. It aims to promote development and improve public services across key sectors. Surplus and Salaries Total expenditures are set at Rs991 billion, leaving a surplus of Rs36.7 …
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Amid rising conflict in the Middle East, Pakistan has stepped up repatriation efforts, bringing back 618 nationals from Iran and Iraq. The move comes as tensions soar between Israel and Iran, putting thousands of Pakistani pilgrims and students at risk. Return from Iran Intensifies On Monday, 350 Pakistanis—305 pilgrims and 45 students—crossed into Pakistan through the …
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Pakistan and the United States have agreed to fast-track efforts toward a trade agreement as both nations face rising tensions over newly imposed reciprocal tariffs. The move follows US President Donald Trump’s decision to raise duties on several countries, including Pakistan, sparking concerns about global trade stability. Virtual Meeting Sparks Momentum On June 16, Pakistan’s …
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