Gold and silver prices continued their upward trend on Thursday, widening the gap between precious metals and consumer affordability. The international bullion market saw gold rise by $79 per ounce to $5,012, prompting a surge in local rates. In Pakistan, the price of one tola of gold increased by Rs7,900 to Rs523,962, while 10 grams rose by Rs6,773 to Rs449,212. Silver prices also climbed, with one tola reaching Rs8,404, up Rs358, and 10 grams hitting Rs7,205, a gain of Rs205. Spot gold rose 0.7% to $5,012.83 per ounce by 0634…
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UK blocks US from using RAF bases for potential Iran strikes
RAF F-35 aircraft performs a demonstration flight during the fifth day of Farnborough International Airshow at Farnborough International Exhibition & Conference Centre in Farnborough, United Kingdom (File photo). BIRMINGHAM, England The United Kingdom has refused to grant US forces permission to use British military bases for potential strikes against Iran, The Times reported on Thursday. The decision has heightened tensions with Washington and prompted criticism from President Donald Trump. Under longstanding agreements, American aircraft could operate from RAF Fairford in Gloucestershire, home to US heavy bombers, and the joint US–UK…
Read MoreGPCCI and BVMW Host Exclusive Business Breakfast to Strengthen Pak-German Trade
Karachi: The German-Pakistan Chamber of Commerce and Industry (GPCCI), in collaboration with BVMW – The Largest German Association for SMEs, successfully organized an exclusive Business Breakfast for GPCCI members, industry stakeholders, and representatives from Pakistan’s Textile and IT sectors, along with German participants joining through BVMW. The event aimed to promote high-value B2B networking and strategic matchmaking, connecting potential business partners from both countries. 🇵🇰🤝🇩🇪 The event was graced by His Excellency Thomas Eberhard Schultze, Consul General of the Federal Republic of Germany in Karachi and GPCCI Patron, as the…
Read MoreFederal Minister Owais Leghari Issues Landmark Decision to Fast-Track Net Metering Applications
Islamabad: In a major boost for renewable energy adoption in Pakistan, Federal Minister for Power Sardar Owais Leghari has announced a decisive move to process all net metering applications submitted up to February 8 under the existing regulations. This landmark decision ensures that all applicants will now receive net metering facilities across all distribution companies, including K-Electric, removing previous uncertainties and delays in the system. Immediate implementation orders have been issued to all distribution companies to guarantee swift action. Currently, 5,165 applications are pending, which will collectively add 250.822 MW…
Read MoreMurad Shah orders zero Load-Shedding, Strict Price Checks for Ramzan in Sindh
KARACHI (Feb 18): Sindh Chief Minister Syed Murad Ali Shah, presiding over a high-level meeting, finalised administrative and price-control strategies for the holy month of Ramzan and directed utility providers to ensure no electricity or gas is load-shedded during Sehr and Iftar, while the police will maintain law and order, including traffic management. The meeting was attended by provincial ministers Jam Khan Shoro, Ziaul Hassan Lanjar and Riaz Shah Shirazi; Mayor Karachi Murtaza Wahab; Chief Secretary Asif Hyder Shah; IG Police Javed Alam Odho; Commissioner Karachi Hassan Naqvi; provincial secretaries;…
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