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Gold rates see increase in Pakistan

  • 2 min
Gold rates in Pakistan rose significantly, with the 24 karat gold price per tola increasing by Rs2400, while 10 grams of the same quality rose by Rs2058. These price hikes were attributed to the international market's gold price increase and a weaker dollar. Silver and platinum also experienced price fluctuations.
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Inflation rate to drop further in Pakistan

  • 2 min
The Ministry of Finance's monthly economic report forecasts a further decrease in Pakistan's inflation rate, which is anticipated to range between 13.5% and 14.5% in May. The report highlights ongoing negotiations with the IMF for a new loan program, emphasizing its importance for stable policies and increased investment. Additionally, the report notes a 6.25% increase in agricultural production and emphasizes the importance of consistent policies for economic stability. Weekly inflation, as measured by the Sensitive Price Indicator, has seen a sixth consecutive decrease, with price fluctuations observed across various items.
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Margalla Hills fire extinguished after several hours

  • 3 min
Margalla Hills fire near Saidpur village range extinguished after several hours of efforts by CDA and other departments. Over 75 firefighters were involved in controlling the fire, which engulfed a large part of Margalla Hills National Park. Prime Minister Shehbaz Sharif commended the swift response and efforts of all concerned departments and officials in controlling the fire.
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Solarisation of Karachi’s three roads announced

  • 3 min
Mayor Karachi Barrister Murtaza Wahab announced a solarization project in collaboration with the World Bank to solarise major roads in Karachi, including Sharah-e-Faisal, Shahrah-e-Iran, and Marine Drive. The Rs1 billion project aims to convert 103 additional roads to solar power, saving electricity costs and facilitating development works. Solar-powered streetlights will also be installed on 106 roads.
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Israeli attack on Rafah tent camp kills 45, prompts international outcry

  • 4 min
Israeli airstrike on Rafah tent camp kills 45 people, prompting international outcry. The majority of the victims were women, children, and elderly individuals. Survivors described the terrifying experience of the strike, with video footage showing the chaos that ensued. Global leaders, including French President Macron, decried the attacks, urging respect for the International Court of Justice ruling. Gazan health ministry reports over 36,000 casualties from Israel's offensive.
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Motorbikes, three wheelers’ sale slumps 6.49pc in Pakistan

  • 2 min
Motorbikes and three-wheelers sales in Pakistan dropped by 6.49% during the first 10 months of the fiscal year 2023-24 compared to the same period in 2022-23, as per the Pakistan Automobile Manufacturing Association. The sales of Honda, Suzuki, Yamaha, and Road Prince motorcycles saw significant declines, while United Auto three-wheeler sales increased.
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Report reveals 41 ghost employees in Islamabad police

  • 2 min
A report has uncovered 41 ghost employees in the legal branch of Islamabad police, including constables and sub-inspectors who drew salaries without reporting to work. Initial investigations suggest their involvement in corrupt practices, leading to a show-cause notice issued to the DSP Legal Branch. Earlier, Islamabad police banned off-duty officers from wearing uniforms for security reasons.
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Budget 2025: More tax ‘proposed’ on cigarettes

  • 2 min
The Pakistan government is considering raising cigarette prices in Budget 2025, with potential recommendations for a 15-19% increase in federal excise duty. This move aims to reduce tobacco consumption, which has had significant public health and economic ramifications, with widespread usage and smoking-related illnesses impacting a large portion of the population.
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Israel orders Spain to stop consular services for Palestinians

  • 2 min
Israel ordered the Spanish consulate in Jerusalem to cease consular services for Palestinians from June 1, in response to Spain's recognition of a Palestinian state. Israel's foreign ministry emphasized that the consulate is only authorized to serve the consular district of Jerusalem. This action follows Spain, Ireland, and Norway's recognition of the State of Palestine.
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Protect minorities: Erica Robin, Mashal Khan condemn Sargodha attack on Christian man

  • 2 min
Prominent figures Erica Robin and Mashal Khan have strongly condemned the recent attack on a Christian man in Sargodha, Pakistan. They called for urgent reforms to protect minority rights, expressing concern over the ongoing persecution of minorities and the misuse of blasphemy laws. The victim, Nazir Gill, is in critical condition while the community faces fear and displacement.