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Gold pulls back from record high ahead of US CPI data

  • 3 min
Gold retreated from its record high ahead of the US CPI data, signaling a potential end to nine consecutive sessions of gains. Spot gold fell 0.3% to $2,176.79 per ounce, below the record $2,194.99 on Friday, with US gold futures also down 0.3%. The market awaits the US CPI report for further indications on the Federal Reserve's next move. Bullion remains supported by strong speculative interest and solid physical demand.
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‘Kung Fu Panda’ is back after 8 years!

  • 2 min
Jack Black’s popular character, Po, returns to the ‘Kung Fu Panda’ franchise after an 8-year break. Black found it easy to reconnect with his character by remembering his childhood love for shows like ‘The Six Million Dollar Man’. The upcoming film features a new character, Zhen, voiced by Awkwafina, and is set to release in U.S. cinemas on Friday.
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China warns US tech curbs will ‘come back to bite them’

  • 2 min
Beijing warned that US tech restrictions on Chinese firms, such as Yangtze Memory Technologies, will have repercussions. The Pentagon's move bars these companies from future US military contracts and places them under greater scrutiny. China's foreign ministry criticized the US actions, stating it will "harm the interests of US firms and investors" and will ultimately "come back to bite them."
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IHC rejects NAB’s plea to send Al-Azizia reference back to trial court

  • 2 min
The Islamabad High Court has rejected the National Accountability Bureau's plea to send the Al-Azizia reference back to the trial court. This decision was made during an appeal against Nawaz Sharif's conviction in the Al-Azizia reference. The court had previously acquitted Sharif in the Avenfield reference. Sharif's lawyer argued in reference to the Panama case and highlighted the failure of NAB to collect evidence against Sharif. The accountability court had awarded jail terms and fines to Sharif in both the Avenfield and Al-Azizia cases, as well as a disqualification from holding public office. However, his sentence in the Al-Azizia reference was suspended on medical grounds by the Lahore High Court, and he was allowed to travel to the UK for medical reasons. Upon his return from the UK, Sharif filed applications to restore his appeals against conviction in both references.
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FBR rolls back decision to freeze PIA`s bank accounts

  • 2 min
On Thursday, the Federal Board of Revenue (FBR) rescinded its decision to freeze Pakistan International Airlines' (PIA) bank accounts. However, the FBR clarified that this reversal did not hinder its pursuit of recovery proceedings, underscoring a challenging financial predicament for the national carrier.
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‘Some forces’ pull back leaders with progressive vision: Zardari

  • 2 min
Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari asserted on Thursday that obstacles, described as 'some forces,' impede the progress of leaders with a vision for the country's advancement. Despite these challenges, he expressed confidence in the people of Pakistan, emphasizing his resilience in the face of such forces.