A representational image of a transmission tower, also known as an electricity pylon. — AFP/FileAgreement restructures loans, provides fresh financing for power payments.Innovative plan repurposes surcharge, avoids extra burden on consumers.Concessional rates, sovereign guarantee…
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Gold, silver hit record highs as US Justice Dept probe targets Federal Reserve
Gold bars and gold Sovereign coins are displayed at Baird & Co in Hatton Garden in London, Britain on October 8, 2025. — ReutersFederal Reserve chief confirms Justice Dept probe.Gold surges 1.6% to nearly $4,600 per ounce.Silver approached $85 per ounce; dollar falls by 0.2%.<p…
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Govt to reinvest most of bidding proceeds in PIA
An image of a Pakistan International Airlines plane. — APP/FileGovt to invest 92.5% of bidding proceeds back into PIA: PM’s aide.PIA to need additional Rs80bn after privatisation for stabilisation.M Ali says Rs33bn in liabilities, other major hurdles removed.
ISLAMABAD:…
Remittances rise 9% to $16.1bn in first five months of FY26
A currency exchange dealer holds dollars in his hands. — AFP/FileNovember inflows rise YoY but fall from October.Saudi Arabia stays Pakistan’s largest remittance source.Brokerage projects FY26 remittances to reach $41bn.
Workers’ remittances to Pakistan rose 9%…