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اردو

May 10, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Latest News

All Markets Business & Finance World Pakistan Editorials

Markets

Europe’s STOXX 600 hits record high on earnings, rate cut optimism

Europe’s benchmark stock index hit a record high on Friday, on track for its biggest weekly gain since late January,...

Published 10 May, 2024 02:12pm

World

India has its own problems with solar power as subsidies for homes face scepticism

NEW DELHI: Lakshmi Narayan was one of the first to see the light: in 2020 the engineer put solar panels on his roof...

Updated 10 May, 2024 02:40pm

Sports

Virat Kohli sweeps aside strike-rate concerns to keep Bengaluru alive

NEW DELHI: Run machine Virat Kohli produced a match-winning knock in the Indian Premier League (IPL) on Thursday...

Published 10 May, 2024 01:46pm

World

Blinken report expected to say Israel is not breaking weapons terms, Axios reports

US Secretary of State Antony Blinken is expected to submit a highly critical report to Congress as soon as Friday on...

Published 10 May, 2024 01:41pm

Markets

Iron ore set for weekly decline on rising inventory, demand caution

Iron ore futures fell for a third straight session on Friday and on track for a weekly decline, pressured by an...

Published 10 May, 2024 01:39pm

Markets

Gold price per tola jumps Rs4,600 in Pakistan

Gold prices rebounded in Pakistan on Friday in line with the increase in the international rate. In the local...

Updated 10 May, 2024 02:37pm

Sports

New Zealand blaster Munro retires from internationals

Colin Munro, a South Africa-born power hitter who smashed a slew of batting records for New Zealand, has retired...

Published 10 May, 2024 01:36pm

Markets

Saudi crude oil supply to China to fall 5.8mn bbls in June from May, sources say

SINGAPORE: Chinese refiners will lift less Saudi crude oil in June than May, people with knowledge of the matter...

Published 10 May, 2024 01:34pm

Markets

Islamabad seeks Chinese assistance for completion of two hydropower projects

Planning minister Ahsan Iqbal says government intends to revive original momentum of CPEC projects and remains committed to high-quality development

Published 10 May, 2024 01:29pm

World

France’s Sanofi in COVID-19 vaccine deal with Novavax

PARIS: Sanofi on Friday announced it has reached a licensing agreement with Novavax to sell a stand-alone COVID-19...

Published 10 May, 2024 01:28pm

Sports

Australia goalkeeper Williams to retire after Paris Olympics

MELBOURNE: Australia’s long-serving goalkeeper Lydia Williams will retire from international soccer after the Paris...

Published 10 May, 2024 01:27pm

Markets

Lucky Core Industries approves acquisition of Pfizer manufacturing facility in Karachi

The Board of Directors (BoD) of Lucky Core Industries Limited, previously known as ICI Pakistan Limited, has...

Published 10 May, 2024 01:27pm

Markets

JGB yields rise on weak auction; BOJ rate outlook eyed

TOKYO: Japanese government bond (JGB) yields rose on Friday amid a tepid auction for 30-year bonds, as investors...

Published 10 May, 2024 01:25pm

Technology

Foxconn’s Q1 profit to jump from low base, AI to power growth

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, is expected to report on Tuesday that...

Published 10 May, 2024 01:24pm

Business & Finance

Honda sees full-year profit rising 2.8%

TOKYO: Japan’s Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceeded...

Published 10 May, 2024 01:22pm

Markets

Asian currencies tepid; stocks higher on US rate cut bets

Most Asian currencies were heading for weekly declines on Friday, although largely unchanged, while stocks were...

Published 10 May, 2024 12:39pm

Markets

China’s yuan weakens on new US trade restrictions

SHANGHAI: China’s yuan weakened slightly on Friday, as the reports of more restrictions from Washington on Chinese...

Published 10 May, 2024 12:38pm

Markets

South African rand little changed in early trade

JOHANNESBURG: South Africa’s rand was little changed in early trade on Friday, after gaining some ground the day...

Published 10 May, 2024 12:37pm

Markets

Australia, NZ dollars get a reprieve, still face stiff resistance

SYDNEY: The Australian and New Zealand dollars won a reprieve from selling pressure on Friday after a soft report on...

Published 10 May, 2024 12:35pm

Markets

KSE-100 gains over 600 points as buying activity renews

After a lackluster few sessions, the Pakistan Stock Exchange (PSX) witnessed a buying spree, pushing the benchmark...

Published 10 May, 2024 12:17pm

Life & Style

Two new ‘Lord of the Rings’ movies heading to theaters

LOS ANGELES: A fresh installment in the “Lord of the Rings” movie series, one of the biggest film franchises of all...

Published 10 May, 2024 11:59am

Life & Style

Christie’s previews Michael Schumacher watches going up for auction

ZURICH: Auction house Christie’s held a preview event in Geneva on Thursday ahead of its sale of eight watches...

Published 10 May, 2024 11:56am

Sports

Jubilant Madrid visit Granada as Liga relegation battle nears end

BARCELONA: New Spanish champions Real Madrid visit suffering Granada on Saturday with La Liga’s key affairs on the...

Published 10 May, 2024 11:46am

Sports

McIlroy on PGA subcommittee set for direct PIF merger talks

WASHINGTON: Rory McIlroy revealed details on Thursday about a new PGA Tour subcommittee created to conduct direct...

Published 10 May, 2024 11:42am

Markets

Hong Kong stocks build on gains at open

HONG KONG: Hong Kong shares extended gains Friday on growing optimism for US interest rate cuts following another...

Published 10 May, 2024 11:39am

World

Saudi crown prince to visit Japan

TOKYO: Saudi Arabia’s Crown Prince Mohammed bin Salman will visit Japan from May 20 to 23 when he will meet the...

Published 10 May, 2024 11:36am

World

Heatstroke kills 61 in Thailand so far this year: govt

BANGKOK: Heatstroke has killed 61 people in Thailand so far this year, more than in all of 2023, the health ministry...

Published 10 May, 2024 11:32am

Markets

Corn, soybeans gain ahead of USDA supply-demand report

BEIJING: Chicago soybeans and corn firmed on Friday, with wheat following suit ahead of a US Department of...

Published 10 May, 2024 11:18am

Markets

Asia stocks rally on renewed global rate cut optimism

SINGAPORE: Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot...

Published 10 May, 2024 11:14am

World

Israel strikes eastern Rafah as ceasefire talks end with no deal

CAIRO/RAFAH: Israeli forces bombarded areas of Rafah on Thursday, Palestinian residents said, as Prime Minister...

Updated 10 May, 2024 01:25pm

World

Vladimir Putin, seeking continuity, proposes Mishustin remain Russia’s prime minister

Russian President Vladimir Putin proposed the reappointment on Friday of Prime Minister Mikhail Mishustin, a...

Published 10 May, 2024 10:44am

World

UN General Assembly set to back Palestinian bid for membership

UNITED NATIONS: The United Nations General Assembly on Friday is set to back a Palestinian bid to become a full UN...

Published 10 May, 2024 10:36am

Markets

Gold set for weekly gain on US rate-cut hopes

Gold prices ticked up on Friday and were on track for a weekly gain, as recent economic data prompted traders to...

Published 10 May, 2024 10:30am

Markets

Intra-day update: rupee registers marginal improvement against US dollar

Currency hovers at 277-278 level in inter-bank market

Updated 10 May, 2024 11:27am

Markets

Indian shares set for muted open on election jitters

BENGALURU: Indian shares are set to open slightly higher on Friday, after dropping more than 2% so far this week due...

Published 10 May, 2024 10:24am

Markets

Australian shares gain on fresh Fed rate-cut hopes, on track for best week in 5

Australian shares rose on Friday tracking Wall Street gains overnight, after strong US jobs data boosted renewed...

Published 10 May, 2024 10:22am

Markets

Japan’s Nikkei rises on boost from earnings, Wall Street gains

TOKYO: Japan’s Nikkei share average rebounded on Friday, buoyed by positive earnings and Wall Street gains...

Published 10 May, 2024 10:21am

Markets

China stocks slip on geopolitical concerns; Hong Kong up

SHANGHAI: Chinese stocks fell on Friday, as geopolitical concerns dented investor sentiment following a trade...

Published 10 May, 2024 10:20am

World

Ukraine’s air force says it destroyed 10 Russia-launched drones

Ukraine’s air defence systems destroyed all 10 attack drones that Russia launched overnight, Ukraine’s air force...

Published 10 May, 2024 10:19am

Markets

Indian rupee flat; oil companies dollar buys, ‘nervous’ equities cap upside

MUMBAI: The Indian rupee was little changed on Friday as dollar demand from local oil companies and tepid sentiment...

Published 10 May, 2024 10:17am

Business & Finance

BOJ likely eyeing steady rate hikes, says ex-central bank executive Maeda

TOKYO: The Bank of Japan will likely raise interest rates again as early as July and keep hiking borrowing costs...

Published 10 May, 2024 10:16am

Markets

Malaysia end-April palm oil stocks rise 1.85%, MPOB says

KUALA LUMPUR: Malaysia’s palm oil stocks at the end of April rose 1.85% from the previous month to 1.74 million...

Published 10 May, 2024 10:14am

Markets

Dollar nurses losses after another set of soft jobs data

SINGAPORE: The US dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro...

Published 10 May, 2024 10:07am

Markets

Oil set for weekly gain as demand signs, geopolitics seen as positives

SINGAPORE: Oil rose on Friday, set for a weekly gain, as data this week from the US and China, the world’s two...

Updated 10 May, 2024 11:52am

Markets

Govt’s balancing act: incentivise solar, but not too much?

KARACHI: Pakistan’s government has once again been caught in a tight spot. It wants to promote renewable energy –...

Updated 10 May, 2024 09:51am

BR Research

Load-shedding leads to higher adjustments

Another Rs52 billion has been sought by the power distribution companies on account of the quarterly tariff...

Published 10 May, 2024 09:02am

BR Research

OGDC – A weaker 3Q

The largest E&P in the country announced its financial performance for 3QFY24 recently where earnings were seen...

Published 10 May, 2024 08:59am

BR Research

Bolan Castings Limited

Bolan Castings Limited (PSX: BCL) was incorporated in Pakistan as a public limited company in 1982. It is a...

Published 10 May, 2024 08:55am

Pakistan

The Weather

KARACHI: The weather report on Thursday (May 09, 2024) and the forecast for Friday (May 10, 2024)...