Year: 2026

A delegation from Barrick Mining Corporation on Friday expressed interest in investing in mineral processing industries in Karachi and Gwadar. The development came during a meeting between Prime Minister Shehbaz Sharif and the delegation, led by Barrick Chairman John Thornton, in Islamabad, according to a statement issued by the Prime Minister’s Office (PMO). The delegation described the government’s decision to organise the Pakistan Minerals Investment Forum 2026 as an important step towards developing the country’s mineral sector, the PMO said. During the meeting, PM Shehbaz said Pakistan was rich in…

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Ousted Nvidia CEO Jensen Huang ​had an intimate relationship with a second employee, according to two people ‌familiar with the matter, Reuters has learned. The revelation follows two other extramarital affairs that led to his resignation Thursday. The two women are Alice Huang, whom US intelligence suspects of being ​a Chinese spy, and Kimberly Powell, Nvidia’s vice president of health ​care. Reuters is not naming the second employee. Attempts to reach the ⁠woman were not successful. Nvidia declined to comment. Powell, Jensen Huang, and a representative ​for Nvidia’s board did…

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SpaceX’s latest Starship flight planned for Friday will include its first attempt to ​catch the spacecraft at its Texas launch site rather than discarding it in the ocean, a key test of Elon Musk’s bid to ‌make a fully reusable rocket system. The 407-foot-tall (124 m) Starship rocket is scheduled to launch at 4:45 p.m. CT (2245 GMT) from SpaceX’s Starbase launch facilities in South Texas for its 15th flight since 2023 and the second to carry a batch of operational Starlink satellites. That makes the mission both a revenue-generating…

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Yemen’s internationally recognised government is fortifying positions on the outskirts of Aden province, home to its de facto capital, as its Iran-backed Houthi foes seize hilltops overlooking the area, three military officials told AFP. Fighting has flared since a 2022 truce fell apart over the summer, with violence intensifying after Yemen’s Saudi-backed government lost control of the Red Sea coastline along the strategic Bab al-Mandab strait in September. Houthi fighters are now advancing east, consolidating their gains near the Red Sea while also moving closer to the Gulf of Aden.…

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Prime Minister Shehbaz Sharif on Friday invited international investors to explore Pakistan’s vast mineral potential and establish processing and manufacturing industries in the country. Addressing the Pakistan Minerals Investment Forum 2026 in Islamabad, he stressed the need to move beyond raw mineral exports towards value addition and industrial development. “Mine in Pakistan, process in Pakistan, manufacture in Pakistan and then export to the rest of the world,” he said, outlining the government’s vision for the sector. The prime minister said Pakistan wanted to establish refineries, smelters, cable and conductor factories…

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Mari Energies Limited, one of Pakistan’s largest E&P companies, has announced a significant copper-gold discovery at its East Siah Diq (ESD-1) target in Chagai district, Balochistan, through its wholly owned subsidiary Mari Minerals (Private) Limited. The company disclosed the development in a notice to the Pakistan Stock Exchange on Friday. “The discovery area under discussion is located approximately 50km east of the Reko Diq copper-gold mine development project and 25km northwest of Nokkundi in the Koh-i-Sultan area adjacent to the Siah Diq Project,” the company said. Mari Minerals, which holds…

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North Korea’s state-backed hackers stole more than $400 million using a “highly effective social engineering scheme” involving identity theft and AI-powered fake video calls, the FBI said on Thursday. The FBI this month accused hackers affiliated with North Korea of the theft of $6 billion from cryptocurrency platform Binance, a charge Pyongyang denies. “The North Korean regime relies on proceeds from large-scale cryptocurrency theft to fund its illicit weapons program, stealing billions of dollars in recent years,” said FBI Cyber Branch Operations Director Brett Leatherman. The FBI said that, separate…

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Gold prices in Pakistan fell on Friday in line with a decline in the international market, with the price per tola dropping by Rs4,900 to Rs411,636. Similarly, the price of 10-gram gold decreased by Rs4,201 to Rs352,911, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, the gold price per tola had fallen by Rs10,900 to Rs416,536. In the international market, gold prices declined by $49 to reach $3,891 per ounce. Meanwhile, the price of silver also decreased by Rs111 to Rs5,467 per tola.

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