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Finance Minister Muhammad Aurangzeb met with Jihad Azour, Director of the International Monetary Fund’s (IMF) Middle East and Central Asia Department, on the sidelines of the Annual Meetings of the IMF and World Bank in Washington, DC. Both sides reaffirmed their commitment to Pakistan’s ongoing reform agenda and maintaining macroeconomic discipline. The meeting also reviewed progress under the Second Review of the Extended Fund Facility (EFF) and emphasised sustaining the current reform momentum, read a statement released by the Finance Division on Tuesday. Aurangzeb, who is on an official six-day visit to the United States, held a series of high-level…

A Chinese research team has fully restored a 1,600-year-old romantic poetry scroll with the help of artificial intelligence, showcasing how centuries-old art can be given a digital rebirth and regain its charm in the present day.The masterpiece Rhapsody on the Luo River Goddess, or Luoshen Fu, was recently restored by Peking University. The work was penned by the esteemed Chinese calligrapher Wang Xianzhi in the 4th century, yet only around a quarter of its verses have survived.According to a post on Peking University’s social media account on Thursday, a team from the university’s Centre for Chinese Font Design and Research…

A day after heavy selling, bulls returned to the Pakistan Stock Exchange (PSX) as investor sentiment improved amid signs of easing geopolitical tensions and reduced political noise. The benchmark KSE-100 Index gained over 7,000 points during the trading session on Tuesday. Buying momentum prevailed throughout the trading session, pushing the benchmark index to an intra-day high of 165,866.77. At close, the KSE-100 Index settled at 165,476.02, an increase of 7,032.60 points or 4.44%. “This is the second-highest single-day gain,” said Topline Securities, second only to the 10,123 points surge recorded on 12th May, 2025. Earlier, across-the-board buying interest was observed…

Beijing has announced sanctions against five US-based subsidiaries of the South Korean shipping giant Hanwha Ocean, accusing the firm of cooperating with Washington in its curbs on China’s maritime sector, according to a statement from the Ministry of Commerce on Tuesday.“Hanwha’s US-based subsidiaries have assisted and supported the US government in conducting the 301 investigation and imposing measures against China’s maritime, logistics and shipbuilding industries. China expresses strong dissatisfaction and firm opposition,” the spokesperson of China’s commerce ministry said on Tuesday.Beijing placed five US-based subsidiaries of Hanwha on a countermeasures list in line with the country’s anti-foreign sanctions law and…

Gold broke through $4,100 per ounce for the first time on Monday, hitting another record high on renewed U.S.-China trade tensions and expectations of U.S. interest rate cuts, while silver also rose to an all-time high. Spot gold was up 2.2% to $4,106.48 per ounce, as of 01:47 p.m. ET (1747 GMT), after hitting a record $4,116.77. U.S. gold futures for December settled 3.3% higher at $4,133. Gold has climbed 56% this year and scaled the $4,000 milestone for the first time last week, driven by factors including geopolitical and economic uncertainties, expectations of U.S. interest rate cuts and robust…

LONDON: Oil prices fell by more than 2% on Tuesday as trade tensions flared between the U.S. and China, the world’s two biggest economies, and after the International Energy Agency raised the prospect of increased supplies and weaker demand growth. Brent crude futures fell $1.38, or 2.2%, to $61.94 a barrel by 1248 GMT, while U.S. West Texas Intermediate crude was down 2.3%, or $1.37, at $58.12. Both contracts were at a five-month low. In the previous session, Brent settled 0.9% higher, and U.S. WTI closed up 1%. UBS analyst Giovanni Staunovo said a risk-off mood had taken hold as…

MILAN (AP) — Three carabinieri militarized police officers were killed and another 13 other carabinieri and police officers were injured in an explosion as law enforcement carried out an eviction near the northeastern Italian city of Verona early Tuesday, authorities said.Two middle-aged brothers and a sister were detained in connection to the explosion in the town of Castel d’Azzano, 10 kilometers (6 miles) southwest Verona, police said. “While our carabinieri were carrying out a judicial order, they were hit by an intentional explosion of a gas tank,’’ Verona’s carabinieri commander, Col. Claudio Pagano, told Sky TG24. He called it “an…

A viral video showing tourists in Malaysia manhandling a rare sea turtle has triggered widespread outrage amid growing concern that irresponsible tourism is endangering the country’s marine life.The 20-second clip, which was widely circulated on social media, shows a man repeatedly grabbing the turtle by its shell and neck while snorkelling off Redang Island, part of a popular marine park in Terengganu state.Several people can be seen surrounding the animal, preventing it from surfacing. At one point, the man appears to stand on the turtle’s shell as it struggles to swim away.Marine conservation group the Tropical Research and Conservation Centre…

Silver prices touched an all-time high above US$52.50 an ounce, as a historic short squeeze in London added momentum to a rally that has been fuelled by surging demand for haven assets.Spot prices rose as much as 0.4 per cent to US$52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade – when the billionaire Hunt brothers attempted to corner the market. Gold also climbed to another record high, building on eight straight weeks of gains.Concerns about a lack of liquidity in London have sparked a worldwide…

Silver prices touched an all-time high above US$52.50 an ounce, as a historic short squeeze in London added momentum to a rally that has been fuelled by surging demand for haven assets.Spot prices rose as much as 0.4 per cent to US$52.5868 an ounce in London, surpassing a peak set in January 1980 on a now-defunct contract overseen by the Chicago Board of Trade – when the billionaire Hunt brothers attempted to corner the market. Gold also climbed to another record high, building on eight straight weeks of gains.Concerns about a lack of liquidity in London have sparked a worldwide…