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Gold surges past Rs532,000 on global rally

[ At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan surged to another historic high above Rs532,000 on Monday, mirroring a powerful rally in international markets where bullion climbed above $5,100 per ounce, driven by safe-haven demand amid escalating geopolitical tensions and currency volatility. In the … Read more

Africa now sending more money to China than it gets in new loans

ONE Data report finds debt payments now exceed fresh financing for many low-income countries A picture showing $100 bills. SOURCE: REUTERS China’s role as a leading financier to developing nations has shifted over the past decade, with new loans to poorer countries falling sharply while debt repayments continue to rise, according to analysis released by … Read more

Govt shelves proposal to revoke APL agreement

[ ISLAMABAD: The government has dropped a proposal to unilaterally terminate the implementation agreement with Asia Petroleum Limited (APL), which may dent foreign investor confidence, and has decided to come up with an alternative use of strategic pipelines through a third entry point for white oil imports into the country. The government believes that this … Read more