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Business & Finance

IMF Executive Board approves final review of SBA, allows disbursement of $1.1bn for Pakistan

To move country from stabilisation to strong and sustainable recovery, authorities need to continue their policy and reform efforts, including strict adherence to fiscal targets while protecting vulnerable, lender says

Updated 30 Apr, 2024 01:07am

World

UN experts say North Korea missile landed in Ukraine's Kharkiv

UNITED NATIONS: The debris from a missile that landed in the Ukrainian city of Kharkiv on Jan. 2 was from a North...

Published 30 Apr, 2024 12:19am

World

Israel concerned over possible ICC arrest warrants related to Gaza war

JERUSALEM: Israel is voicing concern that the International Criminal Court could be preparing to issue arrest...

Published 30 Apr, 2024 12:04am

World

Italy's navy downs drone headed for Red Sea merchant vessel: ministry

ROME: An Italian navy frigate shot down a drone in the Red Sea headed in the direction of an escorted merchant ship,...

Published 29 Apr, 2024 11:46pm

World

Russian missile hits educational institution, kills two in Ukraine’s Odesa

A Russian missile attack on an educational institution in the Ukrainian Black Sea port of Odesa on Monday killed two...

Published 29 Apr, 2024 10:53pm

Life & Style

Hollywood actor Ryan Reynolds appointed Yas Island’s Chief Island Officer

Reynolds succeeds Jason Momoa as CIO of the Abu Dhabi destination

Updated 29 Apr, 2024 11:36pm

World

Forty-day ceasefire offered to Hamas: UK foreign secretary

RIYADH: Hamas has been offered a 40-day ceasefire and the release of “potentially thousands” of Palestinian...

Updated 29 Apr, 2024 09:25pm

World

Egypt ‘hopeful’ of new Israel-Hamas truce: foreign minister

RIYADH: Egypt’s foreign minister said he was “hopeful” about a new proposal for a truce in Gaza as a Hamas...

Published 29 Apr, 2024 08:45pm

Markets

CCP approves 40% acquisition of GO Pakistan by Aramco

The Competition Commission of Pakistan (CCP) has approved a 40% equity stake acquisition in Gas & Oil Pakistan...

Published 29 Apr, 2024 08:45pm

Business & Finance

KIA Pakistan announces massive Rs1.5mn price drop for Stonic EX+

In what the company called a “celebratory limited-time offer”, Lucky Motor Corporation on Monday announced a massive...

Published 29 Apr, 2024 07:36pm

Life & Style

Palestinian prisoner in Israel wins top fiction prize

ABU DHABI: Palestinian writer Basim Khandaqji, jailed 20 years ago in Israel, won a prestigious prize for Arabic...

Published 29 Apr, 2024 07:30pm

Markets

US stocks higher at start of busy week for economic news

NEW YORK: Wall Street stocks climbed early Monday at the start of a news-jammed week that includes a Federal Reserve...

Published 29 Apr, 2024 07:19pm

Pakistan

Pakistan’s debt trap has become death trap, PM Shehbaz tells WEF

Says Pakistan's economy has crumbled due to its fiscal position, and climate change has made it worse

Updated 29 Apr, 2024 11:46pm

World

NATO chief says ‘not too late’ for Ukraine to win war

KYIV: NATO chief Jens Stoltenberg said Monday it was “not too late” for Ukraine to win the war, agreeing with...

Published 29 Apr, 2024 06:33pm

Pakistan

PTI announces to join farmers’ protest against wheat procurement policy

Asad Qaiser urges party leaders to join the protest in Punjab

Updated 29 Apr, 2024 10:12pm

Sports

Jabeur wants ‘more respect’ for women after reaching Madrid quarters

MADRID: Tunisian tennis star Ons Jabeur on Monday called out organisers of European tournaments for failing to...

Published 29 Apr, 2024 06:28pm

World

Protesters chant ‘Free Palestine’ at Paris’s Sorbonne University

PARIS: Protesters angry over the Gaza war took to Paris’ Sorbonne University on Monday, chanting ‘Free Palestine’ at...

Updated 29 Apr, 2024 09:54pm

World

Ukraine's Zelenskiy urges US to speed up weapons deliveries

KYIV: President Volodymyr Zelenskiy said on Monday that vital U.S. weapons were starting to arrive in Ukraine in...

Published 29 Apr, 2024 05:44pm

World

Bangladesh again closes schools nationwide due to heatwave

DHAKA: A Bangladeshi court ordered a nationwide shutdown of schools on Monday due to an ongoing heatwave, the day...

Published 29 Apr, 2024 05:42pm

Business & Finance

NBP’s profit falls 13%, clocks in at Rs9.8bn in 1QCY24

National Bank of Pakistan (NBP), one of the country’s largest commercial banks, registered a profit-after-tax (PAT)...

Published 29 Apr, 2024 05:39pm

World

Russia says captured another village in eastern Ukraine

MOSCOW: Russia said Monday it had advanced further in eastern Ukraine, capturing another village – Semenivka – near...

Published 29 Apr, 2024 05:37pm

World

Scotland’s first minister Yousaf quits after a year

EDINBURGH: Humza Yousaf announced his resignation as Scotland’s first minister on Monday, before he was due to face...

Published 29 Apr, 2024 05:35pm

Life & Style

Mahira Khan honoured at Dubai’s EMIGALA Fashion & Beauty Awards

Pakistani actor Mahira Khan was awarded the ‘Artist in Fashion’ award on Sunday at The EMIGALA Fashion & Beauty...

Published 29 Apr, 2024 05:33pm

World

Abu Dhabi developer Aldar posts 88% Q1 profit leap, optimistic on Egypt

DUBAI: Abu Dhabi’s biggest developer, Aldar Properties plans to speed development activity across its markets and is...

Published 29 Apr, 2024 05:32pm

World

Blinken says US almost ready with Saudi rewards for Israel normalisation

RIYADH: The United States is nearly ready with a security package to offer Saudi Arabia if it normalises relations...

Published 29 Apr, 2024 05:30pm

Sports

Bayern ready for ‘extraordinary’ Bellingham, says Tuchel

MUNICH: Bayern Munich manager Thomas Tuchel said Monday his side were ready for the threat posed by “extraordinary”...

Published 29 Apr, 2024 05:25pm

Markets

ICICI Bank powers best session for India’s blue-chips in eight weeks

BENGALURU: Indian shares rose on Monday as gains in the country’s no.2 private lender ICICI Bank on...

Published 29 Apr, 2024 04:58pm

Markets

Sri Lanka shares end higher as consumer staples, industrials rise

Sri Lankan shares closed higher on Monday, aided by consumer staples and industrials stocks. The CSE All-Share index...

Published 29 Apr, 2024 04:54pm

Markets

Copper hits two-year high, buoyed by BHP bid for Anglo

LONDON: Copper prices soared to two-year highs on Monday, driven by supply concerns highlighted by BHP Group’s bid...

Published 29 Apr, 2024 04:51pm

Markets

Palm oil extends gains for 2nd session but higher output estimates cap rise

KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Monday, underpinned by strength in...

Published 29 Apr, 2024 04:48pm

Life & Style

What to watch this May: ‘Heeramandi’, ‘Bridgerton’, ‘Mother of the Bride’

The oppressive summer heat is upon us, but with it a new offering of summer programming is also available across a...

Updated 29 Apr, 2024 04:54pm

Markets

7th straight status quo: SBP holds key interest rate at 22%

Upcoming budgetary measures may have implications for the near-term inflation outlook, Monetary Policy Committee says in press release

Updated 29 Apr, 2024 09:53pm

Markets

Most Gulf markets up in early trade; Fed decision in focus

Most stock markets in the Gulf were up in early trade on Monday on strong corporate earnings while investors keenly...

Published 29 Apr, 2024 03:11pm

World

Two people die in southern India as heatwave scorches region

THIRUVANANTHAPURAM: At least two people have died in India’s southern state of Kerala of suspected heat stroke,...

Published 29 Apr, 2024 03:08pm

Markets

Algeria tenders for 160,000 T corn and 70,000 T soymeal

HAMBURG: Algerian state agency ONAB has issued international tenders to purchase up to 160,000 metric tons of animal...

Published 29 Apr, 2024 03:05pm

Markets

Saudi Arabia may raise prices for most oil grades to Asia for June

SINGAPORE: Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to...

Published 29 Apr, 2024 03:02pm

Markets

Gold price per tola decreases Rs500 in Pakistan

Gold prices decreased in Pakistan on Monday in line with the decline in the international rate. In the local market,...

Published 29 Apr, 2024 02:59pm

Markets

Ugandan shilling stable, draws support from commodity exports

KAMPALA: The Ugandan shilling was unchanged on Monday, as dollar inflows from exporters of commodities like coffee...

Published 29 Apr, 2024 02:46pm

Pakistan

Audio leaks’ case: IHC’s Justice Babar Sattar rejects petitions seeking his recusal

Imposes fines worth Rs500,000 each on the FIA, PTA and PEMRA

Updated 29 Apr, 2024 10:11pm

Markets

KSE-100 falls 1.44% in anticipation of monetary policy announcement

Benchmark index plunges nearly 1,050 points as market remained divided over SBP's monetary policy announcement

Updated 29 Apr, 2024 09:40pm

Life & Style

Start me up: The Stones kick off North America tour in Houston

HOUSTON: The Rolling Stones kicked off their North America tour at a packed venue in Houston on Sunday, with people...

Published 29 Apr, 2024 01:45pm

World

India is not an autocracy, insists PM Modi

NEW DELHI: Indian Prime Minister Narendra Modi denied Monday that his country was sliding towards autocracy,...

Published 29 Apr, 2024 01:42pm

Life & Style

As tourists move in, Italians are squeezed out on holiday island of Capri

CAPRI, Italy: Famed for its blue seas, breathtaking views and cove-studded coastline, the Mediterranean island of...

Published 29 Apr, 2024 01:38pm

Markets

South African rand firms ahead of local economic data, FOMC

JOHANNESBURG: South Africa’s rand firmed early on Monday ahead of local economic data releases and the Federal...

Published 29 Apr, 2024 01:36pm

Markets

FTSE 100 continues record run boosted by Anglo American, AstraZeneca

Britain’s FTSE 100 extended a record rally on Monday, driven by gains in Anglo American after a report said BHP...

Published 29 Apr, 2024 01:35pm

World

China’s Xi to visit France, Serbia and Hungary May 5-10, foreign ministry says

BEIJING: Chinese President Xi Jinping will visit France, Serbia and Hungary from May 5-10, a spokesperson for...

Published 29 Apr, 2024 01:32pm

Markets

European shares touch two-week high; inflation data, Fed policy in focus

European shares climbed to a two-week high on Monday, extending strong gains from last week, with investors awaiting...

Published 29 Apr, 2024 01:30pm

Markets

Euro zone government bond yields edge down ahead of inflation data, Fed

Euro zone government bond yields edged down on Monday, with investors cautious ahead of the Federal Reserve policy...

Published 29 Apr, 2024 01:28pm

World

Israel kills at least 20 Palestinians in Rafah, new Gaza ceasefire talks expected in Cairo

CAIRO: Israeli airstrikes on three houses in the southern Gaza city of Rafah killed at least another 20 Palestinians...

Updated 29 Apr, 2024 09:47pm

Business & Finance

Indus Motor Company’s profit jumps 38%, amounts to Rs4.45bn in Jan-Mar

Indus Motor Company (IMC) reported on Monday a profit of Rs4.45 billion for the three-month ended March 31, 2024, an...

Updated 29 Apr, 2024 09:25pm

World

Philip Morris faces key test with US heated tobacco push

LONDON: Philip Morris International’s goals for heated tobacco in the United States are reachable, analysts and...

Published 29 Apr, 2024 12:56pm

Markets

Shell earns $1 billion a year from US crude trading, court filing shows

HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held...

Published 29 Apr, 2024 12:50pm

Markets

Mari Petroleum says will invest Rs2.5bn in mineral mining subsidiary via equity injection

The Board of Directors of Mari Petroleum Company Limited (MARI) has approved an investment of up to Rs2.5 billion by...

Updated 29 Apr, 2024 09:40pm

Sports

After title win, Mbappe and PSG have sights set on treble

PARIS: Paris Saint-Germain are hoping their latest Ligue 1 title, secured on Sunday with three games to spare, will...

Published 29 Apr, 2024 12:34pm

World

Musk leaves Beijing after Tesla wins key China security clearance

BEIJING: Tech billionaire Tesla CEO Elon Musk boarded a plane departing Beijing on Monday, an AFP journalist said,...

Published 29 Apr, 2024 12:31pm

World

Kenya delays schools reopening due to floods

NAIROBI: Kenya said Monday that it would postpone the reopening of schools by one week due to “ongoing heavy rains”...

Published 29 Apr, 2024 12:30pm

World

G7 holds ‘strategic’ talks in climate hotspot Italy

TURIN: G7 ministers meet for environment and climate change talks in Turin on Monday, with experts urging the highly...

Published 29 Apr, 2024 12:26pm

Pakistan

Pakistan working tirelessly to eradicate polio, PM Shehbaz tells Bill Gates

PM Shehbaz and Gates discuss progress on ongoing activities between Pakistan and Bill and Melinda Gates Foundation in the areas of immunization, nutrition, and financial inclusion

Updated 29 Apr, 2024 02:57pm

Technology

ChatGPT faces Austria complaint for ‘uncorrectable errors’

VIENNA: A Vienna-based privacy campaign group said Monday it would file a complaint against ChatGPT in Austria,...

Published 29 Apr, 2024 12:23pm

Sports

Rory McIlroy and Lowry win playoff for PGA New Orleans team victory

MIAMI: Rory McIlroy and Shane Lowry won the PGA Tour’s Zurich Classic of New Orleans team event on Sunday after a...

Published 29 Apr, 2024 12:17pm

Life & Style

Omar Sy, Eva Green join Cannes jury

PARIS: French screen stars Omar Sy and Eva Green will be part of the jury at the Cannes Film Festival next month,...

Published 29 Apr, 2024 12:15pm

World

Hamas delegation to arrive in Egypt for Gaza truce talks

OCCUPIED JERUSALEM: A Hamas delegation is due to arrive Monday in Egypt, where it will respond to Israel’s latest...

Published 29 Apr, 2024 12:07pm

Sports

Australia’s Green retains title at LPGA LA Championship

LOS ANGELES: Australia’s Hannah Green defended her title at the LPGA’s Los Angeles Championship with a three stroke...

Published 29 Apr, 2024 11:50am

World

Ukraine says resisting heavy attacks in east amid Russian advance

KYIV: Ukraine said Monday it had foiled 55 Russian attacks in the eastern Donetsk region, a day after it admitted to...

Published 29 Apr, 2024 11:34am

Sports

Puerta hopes Leverkusen success will bring a place in Colombia’s Copa America squad

Gustavo Puerta’s first season with Bayer Leverkusen could not have gone any better and the 20-year-old midfielder...

Published 29 Apr, 2024 11:24am

Markets

Copper trends higher on tight supply; BHP-Anglo American deal in focus

BEIJING: Prices of copper opened the week higher on Monday, driven by dwindling raw material supply and investors’...

Published 29 Apr, 2024 11:19am

Markets

Asia shares rise as Fed looms large; yen crumbles below key level

SINGAPORE: Asian stocks got off to a positive start on Monday ahead of the Federal Reserve’s policy meeting later in...

Published 29 Apr, 2024 11:15am

World

Dozens of tornadoes strike Oklahoma, killing at least four

At least four people died, including a four-month-old baby, and scores were injured in Oklahoma this weekend after...

Published 29 Apr, 2024 11:11am

Sports

Matt Henry takes bowling spot in New Zealand’s T20 World Cup squad

Matt Henry has edged out Ben Sears for the vacant seam bowling berth in New Zealand’s squad for the T20 World Cup in...

Published 29 Apr, 2024 11:07am

Pakistan

Security forces kill four terrorists in Tank: ISPR

Says terrorists remained actively involved in numerous terrorist activities

Updated 29 Apr, 2024 10:10pm

Markets

Australia, NZ dollars jump to decade-highs against weakened yen

SYDNEY: The Australian and New Zealand dollars climbed to their highest in more than a decade against the weakened...

Published 29 Apr, 2024 11:03am

Business & Finance

Thai March exports fell 10.9% y/y, below forecast

BANGKOK: Thailand’s customs-based exports fell 10.9% in March from a year earlier, the commerce ministry said on...

Published 29 Apr, 2024 11:00am

Markets

Palm oil opens higher ahead of Malaysia exports estimates

KUALA LUMPUR: Malaysian palm oil futures opened higher on Monday, supported by firmer rival Dalian contracts and...

Published 29 Apr, 2024 10:58am

Technology

China set to launch high-stakes mission to moon’s ‘hidden’ side

BEIJING: China will send a robotic spacecraft in coming days on a round trip to the moon’s far side in the first of...

Published 29 Apr, 2024 10:55am

World

Chechen leader’s 16-year-old son named trustee at special forces university

Chechen leader Ramzan Kadyrov said on Sunday that he named his teenage son, who was shown beating a prisoner in...

Published 29 Apr, 2024 10:49am

Markets

Gold retreats as dampened Fed rate cut hopes dent appeal

Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the...

Published 29 Apr, 2024 10:42am

Markets

Wheat slips from 4-month high as adverse weather threatens supply

CANBERRA: Chicago wheat futures fell on Monday but remained near four-month highs after concerns that adverse...

Published 29 Apr, 2024 10:39am

Markets

Indian shares open higher led by financials

BENGALURU: Indian shares opened higher on Monday, supported by financials after post-results gains in SBI Life...

Published 29 Apr, 2024 10:37am

Markets

China’s yuan stutters near 5-month low after weaker PBOC fixing

SHANGHAI: China’s yuan hovered near a five-month low against the dollar on Monday after the central bank set the...

Published 29 Apr, 2024 10:35am

Technology

Baidu, Tesla agree on mapping deal for FSD in China, sources say

BEIJING: Baidu, China’s major internet search company, reached an agreement with Tesla to grant the car company...

Published 29 Apr, 2024 10:30am

World

Senior US, French officials in Middle East seeking to ease Gaza war

RIYADH: French Foreign Minister Stephane Sejourne said on Monday talks on a ceasefire in Gaza were progressing as he...

Updated 29 Apr, 2024 02:59pm

World

Philippines’ ‘dangerous’ heat prompts shift to online classes, power crunch

MANILA: The Philippines has cancelled in-person public school classes for the next two days and said the power grid...

Published 29 Apr, 2024 10:23am

Markets

Indian bond yields reverse early dip on profit booking, with Fed in focus

MUMBAI: Indian government bond yields turned higher after an early dip on Monday, as traders booked profit after a...

Published 29 Apr, 2024 10:18am

Markets

China, HK stocks rise, led by property shares

SHANGHAI: China and Hong Kong stocks rose on Monday, led by real estate shares, as some major cities relaxed home...

Published 29 Apr, 2024 10:16am

Sports

Virat Kohli shuts down strike rate critics with fiery IPL knock

Virat Kohli brushed aside criticism of his strike rate with a sublime half-century in the Indian Premier League...

Published 29 Apr, 2024 10:12am

Markets

Indian rupee declines on weakness in Asian peers, foreign banks’ dollar buys

MUMBAI: The Indian rupee weakened on Monday pressured by dollar demand from foreign banks and weakness in Asian...

Published 29 Apr, 2024 10:10am

Markets

Australian shares rise on banks, IT boost; Fed policy meet on tap

Australian shares climbed higher on Monday, lifted by banks and information technology stocks, as traders assessed...

Published 29 Apr, 2024 10:05am

Markets

Rupee remains largely unchanged against US dollar

Currency settles at 278.40 in interbank market

Updated 29 Apr, 2024 06:35pm

Markets

Vietnam Jan-Apr rice exports up 11.7% y/y to 3.23mn T, Stats Office says

HANOI: Vietnam exported 3.23 million metric tons of rice in the first four months of this year, up 11.7% from a year...

Published 29 Apr, 2024 09:59am

Markets

Vietnam Jan-Apr coffee exports up 5.4% y/y to 756,000 T, stats office says

HANOI: Vietnam exported 756,000 metric tons of coffee in the first four months of this year, up 5.4% from a year...

Published 29 Apr, 2024 09:57am

Markets

Yen trips past 160-per-dollar to April 1990 lows

SINGAPORE: The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in...

Published 29 Apr, 2024 09:56am

Markets

Oil dips on Israel-Hamas peace talks, slim near-term US rate cut hopes

Oil prices dipped on Monday as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict,...

Updated 29 Apr, 2024 06:30pm

BR Research

Rate cut: the virtues of patience

If Pakistan were a person, it would have probably been diagnosed with bipolar disorder. Few trips to Gulf capitals;...

Published 29 Apr, 2024 07:50am

BR Research

POL in 9MFY24

During the nine months of FY24, the oil production by the exploration and production sector in the country witnessed...

Published 29 Apr, 2024 07:40am

BR Research

Gatron (Industries) Limited

Gatron (Industries) Limited (PSX: GATI) was incorporated in Pakistan as a public limited company in 1980. The...

Published 29 Apr, 2024 07:30am

World

France’s nuclear weapons should be part of European defence debate: Macron

PARIS: France’s nuclear weapons should be part of the European defence debate, French President Emmanuel Macron...