PMEX suspends silver futures trading amid sharp price surge

The Pakistan Mercantile Exchange (PMEX) has temporarily suspended trading in all silver futures contracts due to unprecedented price movements and significant order imbalances, the exchange announced on Monday. In an official statement, the PMEX said the suspension, put into effect by 10:30pm, remained in place under the powers granted by Regulation 6.1.4(B) of the PMEX Rulebook. All open […]

China calls for closer defence ties with Russia in ministers’ talks

China’s Defence Minister Dong Jun told his Russian counterpart that the two countries should “strengthen strategic coordination” during a video call on Tuesday, according to state broadcaster CCTV. The call came days after negotiators from Russia and Ukraine met for the first time to discuss an end to the war — nearly four years after Moscow’s […]

Senate committee moves to cancel arms licences of non-tax filers

The Senate Standing Committee on Interior on Tuesday directed authorities to take action against arms licences issued to non-tax filers, while also discussing a range of law and order issues, particularly in the riverine areas of Sindh and Punjab. The meeting was held at Parliament House under the chairmanship of Senator Faisal Saleem with members briefed on […]

PMD rejects claims linking El Nino, La Nina to current cold wave in Pakistan

The Pakistan Meteorological Department (PMD) on Tuesday categorically rejected claims that the El Niño or La Niña weather phenomena were behind the current cold wave in the country, dismissing the impression that the latter effect was currently strong. Speaking to The Express Tribune, PMD Deputy Director and spokesperson Anjum Nazir Zaigham said the claim that La […]