Gold prices fall by Rs900 per tola in Pakistan

The prices of gold continued their downward trend in the local market on Wednesday, with the price of 24-karat gold per tola falling by Rs900 to Rs434,536, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold decreased by Rs772 to Rs372,544, while the price of 10 grams of 22-karat gold declined by Rs707 to Rs341,511. In the international market, the price of gold fell by $9 to $4,120 per ounce, the association reported. Meanwhile, the price of…

Read More

11 killed, 30 injured as bus overturns in Punjab’s Rajanpur

At least 11 people were killed and more than 30 others injured when a speeding passenger bus hit a road divider and overturned in Rajanpur district of Punjab on Wednesday, an official said. The bus was travelling from Karachi to Dera Ghazi Khan when the accident occurred on a section of the highway where construction work was underway, according to a spokesperson for Rescue 1122. Citing eyewitnesses, the spokesperson said overspeeding was suspected to have caused the crash. “Eight passengers died on the spot while three others succumbed to their…

Read More

Turkiye, Qatar, Pakistan, Indonesia sign Badr MoU

Turkiye, Qatar, Pakistan, and Indonesia signed an agreement on Wednesday ​to boost defence cooperation and strengthen defensive capabilities, ‌the Turkish Defence Ministry said. In a statement, the ministry said the countries signed the “Badr Memorandum of Understanding” in Doha ​as a sign of their desire to further ​deepen cooperation and develop partnerships. “The agreement holds substantial ⁠economic importance,” it said, adding the accord sought ​to foster cooperation in military production, boost military capabilities, ​and help collaboration in technical military training, research and development. “By leveraging the unique military production capabilities…

Read More

Brook admits England failed to build partnerships in defeat to Pakistan

England captain Harry Brook admitted that his side failed to build enough partnerships and put Pakistan’s bowlers under pressure after suffering an 87-run defeat in the second match of the ODI tri-series at Rawalpindi Cricket Stadium on Tuesday. Chasing a target of 303, England were bowled out for 215 in 38.4 overs, handing Pakistan a convincing victory after the hosts posted 302 for nine in their 50 overs. Speaking during the post-match press conference, Brook said England were satisfied with their bowling performance in the first innings, believing they had…

Read More

Tanker hit by unidentified projectile off Oman, says UKMTO

A tanker was struck by an unidentified projectile off Oman early Wednesday, sparking a fire that was later extinguished, the UK Maritime Trade Operations (UKMTO) agency said. The incident occurred at 0145 GMT, about 11 nautical miles west of Bukha, Oman, according to a UKMTO warning. Local authorities reported that the projectile hit the tanker and caused a fire, which was subsequently put out. The vessel is now at anchor, the agency said. All crew members were reported safe, with no environmental impact reported at the time of the warning.…

Read More

Dar meets Maldives president, calls for stronger bilateral cooperation

Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Wednesday called on the President of the Maldives, Dr Mohamed Muizzu, during which he reaffirmed Pakistan’s commitment to its longstanding fraternal relations with the Maldives. Warmly welcoming the Maldivian president and his delegation to Pakistan, the deputy prime minister conveyed warm greetings and best wishes from President Asif Ali Zardari and Prime Minister Shehbaz Sharif to President Muizzu. He underscored the importance of expanding bilateral cooperation, particularly in trade, investment, education, climate change and tourism. Dar welcomed the participation of…

Read More

Pakistan needs $565bn to meet climate targets by 2035, says minister

State Minister for Climate Change Dr Shezra Mansab Ali Khan Kharal said on Wednesday that Pakistan will need an estimated $565 billion in investment through 2035 to meet its climate commitments, while limited fiscal space and gaps in international climate finance pose major challenges to implementing its targets. Addressing a roundtable “Pre-COP31 Multi-stakeholder Consultation” ahead of Pakistan’s participation in the 31st Conference of the Parties (COP31) in Antalya, Türkiye, the state minister said the country needed a well-defined negotiating position on adaptation finance, loss and damage, and the climate risks…

Read More

Pakistan, Maldives set $200m trade target within two years

Pakistan and the Maldives on Wednesday agreed to increase the volume of their bilateral trade from around $13.9 million to $200 million within the next two years, opening new avenues of shared prosperity for the peoples of the two countries. The agreement was announced during a joint press stakeout by Prime Minister Shehbaz Sharif and Maldivian President Dr Mohamed Muizzu. Shehbaz Sharif said the existing trade volume represented only a fraction of the economic potential of the two brotherly countries and expressed the resolve to work jointly to achieve the…

Read More

Australian lawmaker loses both legs in vehicle attack

Australian lawmaker Helen Haines has had both legs amputated after ​being rammed by a car outside her electoral office, her husband said on Wednesday, as the man accused of the ‌attack appeared in court. Doctors amputated Haines’ left leg after the alleged attacker struck her twice with his car in Wangaratta, northeast of Melbourne, on Monday, Phil Haines said. They worked for days to save her right leg but were ultimately unsuccessful, he told a press conference in Melbourne. “The good news in all this is Helen is alive, ​and…

Read More

Pakistan, Maldives sign 20 MoUs to deepen bilateral ties

Pakistan and the Maldives on Wednesday signed a series of Memoranda of Understanding (MoUs) aimed at deepening bilateral relations in multiple sectors, including defence, IT, cybersecurity, health, education, social protection, agriculture and tourism, among others. The pacts were signed during the three-day state visit of President of the Maldives Dr Mohamed Muizzu, which is the first visit by the country’s president in 11 years, coinciding with the 60th anniversary of the bilateral diplomatic relations. Prime Minister Shehbaz Sharif and President Dr Muizzu witnessed the ceremony as the representatives from both…

Read More