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Why Gold and Silver Prices Just Witnessed a Historic Crash
The gold and silver markets recently underwent a historic correction, headlined by gold’s sharpest one-day decline since 1983 and a staggering 27% plunge in silver prices. This "perfect storm" was ignited by Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair, which signaled a shift toward a stronger US dollar and more disciplined inflation control, undermining the appeal of metals as a safe-haven hedge. The sell-off was further accelerated by the CME Group raising margin requirements—the cash needed to maintain trading positions forcing heavily leveraged investors to liquidate their holdings in a massive wave of forced selling. While the drop erased billions in market value, many experts view the crash as a necessary "healthy reset" that has purged speculative excess and brought prices back to more sustainable levels.
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Australian dollar tops 3-year mark, NZ dollar at 7-month high
The Australian dollar hit a three-year high of $0.7050 on Thursday, driven by surging gold prices and bets on an RBA rate hike next week, while the NZ dollar reached a seven-month peak at $0.6070. Both eased slightly in Asian trade amid mixed US tech earnings. The US dollar stabilized after Fed comments and policy affirmations, but Antipodean currencies outperformed.
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UBL & Meezan Bank Power Massive Rs133bn Islamic Financing Landmark
In a record-breaking move for Pakistan’s financial landscape, United Bank Limited (UBL) and Meezan Bank have spearheaded a Rs133 billion syndicated Islamic financing facility, the largest of its kind in the country’s private sector. This landmark deal facilitated the Engro Group’s acquisition of Deodar (Private) Limited from Pakistan Mobile Communications Limited (Jazz), a strategic transition that consolidates over 10,617 cellular towers and establishes Deodar as Pakistan's premier independent tower company. By providing essential Shariah-compliant capital for both the acquisition and ongoing operational needs, this transaction underscores the banking sector's capacity to support massive infrastructure projects that serve as the backbone for Pakistan's long-term economic and digital growth.
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Pakistan Tech Revolution Propels IT Exports Toward a Ten Billion Dollar Future
Pakistan’s IT industry is experiencing a massive breakout, hitting a record-breaking $437 million in monthly exports in December 2025. This surge is driven by strategic government policies most notably the State Bank of Pakistan increasing foreign currency retention limits to 50% which allows firms and freelancers to reinvest their dollar earnings globally with ease. While industry giants like Systems Limited are spearheading international expansion, a thriving freelance community is expected to contribute nearly $1 billion this year alone. To achieve the government's ambitious $10 billion target by 2029, the sector must now pivot toward high-value technologies like AI and smart systems while tapping into under-explored markets in Europe and the Asia-Pacific.
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Punjab Enforces Tough Building Safety Rules to Shield Lives and Property
Punjab orders strict enforcement of 2022 Building Safety Regulations province-wide, with legal action for violations. Minister Khawaja Salman Rafique chaired a Lahore meeting revealing surveys of 2,214 high-rises, Rs 2B fire service expansion, and Rescue 1122's feats (280K+ fires handled, Rs 768B saved). Upgrades align with CM Maryam Nawaz's vision; businesses urged to comply.
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