Gold prices dip in local and global markets

Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, the gold price per tola reached Rs430,836 after a decline of Rs1,500 during the day. Similarly, 10-gram gold was sold at Rs369,372 after it fell by Rs1,286, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs432,336 after a gain of Rs3,200 during the day. The international rate of gold declined by $15 to reach $4,083 per ounce. Meanwhile,…

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Netanyahu presses Trump daily to resume Iran strikes: Report

Radical Israeli regime leader Benjamin Netanyahu has been urging US President Donald Trump every day to resume military strikes against Iran, despite diplomatic efforts to end the nearly nine-month conflict, the Financial Times said in a report. “Netanyahu calls him every day [to urge him to resume the war],” a person briefed on the discussions told the British newspaper, adding that officials opposed to renewed fighting were trying to counter the pressure. Regional leaders, meanwhile, have urged Trump to avoid escalation and give negotiations more time, the source said. Another…

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Anthropic’s nearly $70 billion IPO plan briefly circulated to banks, then retracted

Details of Anthropic’s blockbuster IPO, including plans by the AI ‌company to raise nearly $70 billion, were briefly circulated to banks before being retracted late on Monday, according to emails seen by Reuters. A representative of Anthropic sent a copy of a securities filing that showed it aimed to sell about 867 million shares at a price range of $70 to $80 per share, ​then followed up with an email saying details about the pricing were inaccurate. Anthropic said in the second email that ​it would update the filing later.…

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ECP reserves verdict on local elections in cantonment areas

The Election Commission of Pakistan (ECP) on Tuesday reserved its verdict on holding local government elections in cantonment areas after the Ministry of Defence sought an extension until January 2027 to complete delimitation in two remaining cantonments. A five-member ECP bench, headed by Chief Election Commissioner Sikandar Sultan Raja, heard the case and expressed concern over delays in holding local polls, saying there appeared to be no logical reason to postpone the local government elections. Ministry of Defence officials told the commission that a request to announce the election schedule…

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Trump says Gulf nations support continued blockade of Iran

US President Donald Trump has said that he plans to hold off fresh military strikes against Iran for the time being after appeals from ​countries in the region, including Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Kuwait. Trump, in a Reuters interview and a later appearance in the White House press briefing room, ‌said he plans to keep up a naval blockade in the Strait of Hormuz for now. Talking to the media on Monday after his meeting with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman at the…

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US-brokered Russia-Ukraine talks resume in Abu Dhabi

Russian and Ukrainian officials planned to meet on Tuesday for two days of US-brokered talks — their first ​since February — after President Donald Trump suggested last week that a broad peace deal was possible in their 4-1/2-year-old war and could incorporate Europe’s security. European powers, including France, ‌Germany and the European Commission, will send officials to the talks in Abu Dhabi, but Russia has made it clear it doesn’t want the Europeans to take part in negotiations. Instead, Ukrainian delegates will meet separately to brief their European allies on…

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Scotland suspends cricket ties with Afghanistan outside ICC events

Cricket Scotland said it will not schedule matches against Afghanistan outside International Cricket Council (ICC) events, citing concerns over the treatment of women ​and girls under the Taliban government and broader human rights ‌issues. Women’s sport has effectively disappeared in Afghanistan since the Taliban returned to power in 2021, while access to education and employment opportunities for women has been severely curtailed. The ​Taliban say they respect women’s rights in accordance with their ​interpretation of religious law and local customs and that internal ⁠matters should be addressed locally. Scotland’s move…

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Meera thanks Maryam Nawaz for support after sister’s death

Pakistani actress Meera has thanked Punjab Chief Minister Maryam Nawaz Sharif and Provincial Information Minister Marriyum Aurangzeb for supporting her family during her sister Shaista Abbas’s illness and following her death. In a message shared on social media, Meera also thanked them for helping arrange her burial and funeral in England. The actress expressed particular gratitude to Maryam Nawaz for extending support during her sister’s illness and helping the family through a difficult period. “My sister is no longer in this world, but the way Maryam Nawaz Sharif stood by…

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Pakistan declare first innings at 434 for 9 on day two

Hoping to put Sri Lanka under pressure by getting early wickets, host Pakistan on Tuesday declared their first innings at 434 for 9 on the second day of the Rawalpindi Test. Resuming their innings at 281 for 5, the home side added 153 runs to their overnight total. Saud Shakeel narrowly missed his century by just seven runs, scoring 93 to emerge as Pakistan’s top scorer. Tayyab Arif contributed 57 runs, while debutant Arafat Minhas impressed with a half-century of 52. Mohammad Taha scored 51, Babar made 50, and Ghazi…

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Oil falls as Trump downplays prospect of escalation with Iran

Oil prices fell on Tuesday, adding to the previous day’s losses after US President Donald Trump downplayed ​the need for military action against Iran “at this point”, easing fears of sustained supply disruptions ‌in the Middle East. Brent crude futures declined 70 cents, or 0.75%, to $91.88 a barrel by 0246 GMT, while US West Texas Intermediate (WTI) futures fell 78 cents, or 0.90%, to $86.07 a barrel. Both benchmarks had fallen 1% ​earlier in the session. Brent settled down 5.85% in the previous session after sliding to ​its lowest…

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