Minister of State for Interior Tallal Chaudhry on Wednesday said that the PTI could not “absolve themselves of responsibility” after a man was shot dead by law enforcement officials on Rawalpindi’s Mall Road for allegedly open firing on security forces. PTV News, quoting security sources, said the alleged assailant was a resident of Khyber district and an “active PTI member”. Information Minister Attaullah Tarar had slammed PTI’s “politics of violence” after state media reported the incident. However, the PTI had distanced itself from the incident, saying it had nothing to do with terrorism and that efforts were being made to link the party to it. Addressing a press conference in Islamabad on Wednesday, Chaudhry said, “For years, the PTI leadership has been told not to perpetuate the politics of hatred and anarchy.” He said that the party was told not to influence the youth with “ideas which could not be removed”. “When a young person fills his mind with such hatred and anarchy,...
Gold prices rose on Wednesday, supported by reduced bets on Federal Reserve tightening next month as investors awaited key US inflation data that could reshape policy expectations. Spot gold gained 0.6 per cent to $4,391.82 per ounce by 0535 GMT. US gold futures for December delivery rose 0.2pc to $4,451.90. Bullion climbed to a 10-week high on Tuesday before hitting technical resistance at the 100-day moving average around $4,387 and closing lower for the second time this month. “The primary driver for gold is the reduction in pricing of rate hikes by the Fed,” said Kelvin Wong, a senior market analyst at Oanda. “In terms of technical positioning, we started to see a bullish break late last week above that $4,200 level, which also created a positive momentum feedback loop.” Bullion posted its largest weekly gain since January on Friday after weaker-than-expected jobs data led traders to scale back bets on US rate hikes. Traders are now pricing in a 50pc chance of a hike in Septe...