Business & Finance Weekly SPI inflation up 1.28pc ISLAMABAD: The Sensitive Price Index (SPI)-based inflation for the week ended July 4, 2024, increased by 1.28 ... Published 06 Jul, 2024 05:44am
World Jailed Sikh separatist, Kashmir leader sworn into India parliament NEW DELHI: A Sikh separatist and a Kashmiri politician temporarily left jail Friday to be sworn into India’s... Published 06 Jul, 2024 05:44am
Pakistan Public gathering: ICT cancels NOC to PTI ISLAMABAD: The Islamabad Capital Territory (ICT) administration has cancelled the no objection certificate (NOC)... Published 06 Jul, 2024 05:42am
Pakistan Punjab seeks social media ban on security concerns LAHORE: Punjab is proposing a ban on all social media platforms for six days due to security concerns during... Published 06 Jul, 2024 05:34am
Editorials Corrupt practices made acceptable EDITORIAL: Last month, the Federal Board of Revenue (FBR) suspended two heads of its field formations in Lahore ... Published 06 Jul, 2024 05:24am
Editorials Hosting relocated Chinese industry EDITORIAL: Prime Minister Shehbaz Sharif’s approval of joint venture projects between Chinese and Pakistani... Published 06 Jul, 2024 05:24am
Editorials Integrating with regional economies EDITORIAL: Prime Minister Shehbaz Sharif’s visit to Tajikistan and his personal push to increase bilateral trade... Published 06 Jul, 2024 05:24am
Pakistan PPDA calls off strike KARACHI: The Pakistan Petroleum Dealers Association (PPDA) on Friday called off its strike and announced to open all... Published 06 Jul, 2024 05:18am
Pakistan Cabinet Division has 18 bulletproof cars, 6 helicopters; Senate panel told ISLAMABAD: The Senate Standing Committee on Cabinet was informed that the Cabinet Division has a total of 18... Published 06 Jul, 2024 05:18am
Pakistan Audio leaks case: SC urged to set aside IHC order in response to pleas of Bushra, Najam ISLAMABAD: The Supreme Court has been urged to set aside the Islamabad High Court’s order passed in the petitions... Published 06 Jul, 2024 05:18am
Print SC concerned at no budgetary allocation for climate fund ISLAMABAD: The Supreme Court expressed concern that the federal and provincial governments have not allocated any... Published 06 Jul, 2024 05:18am
Print Aurangzeb urges PTBA to lend a helping hand to FBR in improving tax system ISLAMABAD: Finance Minister Muhammad Aurangzeb has encouraged the Pakistan Tax Bar Association to provide essential... Published 06 Jul, 2024 05:18am
Pakistan Hundreds storm Sibi power station over long outages QUETTA: Hundreds of people in one of hottest cities stormed a power station in protest against cuts lasting up to 20... Published 06 Jul, 2024 05:18am
Print Fatal accidents: Nepra imposes Rs115m fine on Discos ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has imposed fines of Rs 115 million on four power... Published 06 Jul, 2024 05:18am
Print Power sector’s circular debt reaches Rs2,655bn by May ISLAMABAD: A meeting of the Cabinet Committee on Energy (CCoE) was informed on Friday that the circular debt of the... Published 06 Jul, 2024 05:18am
Print Discos’ consumers: Nepra notifies Rs3.33 per unit FCA for May ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has notified Fuel Charges Adjustment of Rs 3.33... Published 06 Jul, 2024 05:18am
Pakistan ‘Azm-e-Istehkam’: Commanders concerned at unwarranted criticism ISLAMABAD: Forum paid rich tribute to the supreme sacrifices of Shuhadas of the Armed Forces, law enforcement... Published 06 Jul, 2024 05:18am
Pakistan Imran says PTI to participate in APC ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan on Friday said that his party will ... Published 06 Jul, 2024 05:18am
Pakistan Bilawal confirms PPP’s decision to participate KARACHI: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari has assured the federal government of his... Published 06 Jul, 2024 05:18am
Business & Finance External debt, liabilities soar to $130.179bn by May ISLAMABAD: Pakistan’s external debt and liabilities have soared to $130.179 billion by May 2024, up from $124.296... Published 06 Jul, 2024 05:18am
Print Dues hit Rs97.697bn mark: SSGC disconnects supply to PSML KARACHI: Sui Southern Gas Company (SSGC) has disconnected gas supply to Pakistan Steel Mills Limited (PSML) due to... Published 06 Jul, 2024 05:18am
World New PM Starmer pledges to rebuild Britain after years of chaos LONDON: Britain’s new Prime Minister Keir Starmer pledged on Friday to use his massive electoral majority to... Published 06 Jul, 2024 05:18am
World Reeves named as UK first female finance minister LONDON: New Prime Minister Keir Starmer named Rachel Reeves as Britain’s first female finance minister and Angela... Published 06 Jul, 2024 05:18am
Print Financial system shows steady performance: SBP KARACHI: The State Bank of Pakistan (SBP) has said that overall risks to financial stability appear to be manageable... Published 06 Jul, 2024 05:18am
Print Senate panel directs MoC: ‘EDF should prioritise export boost over infrastructure projects’ ISLAMABAD: The Senate Standing Committee on Commerce on Friday directed the Commerce Ministry to allocate Export... Published 06 Jul, 2024 05:18am
Print Senate passes SOEs amendment bill ISLAMABAD: The Senate, Friday, passed with majority vote amidst opposition protest, the State Owned-Enterprises... Published 06 Jul, 2024 05:18am
Print RLNG tariffs: APTMA opposes Rs50bn cross subsidies to fertiliser sector ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has urged the government to reverse its ‘destructive’... Published 06 Jul, 2024 05:18am
Print Non-filers must be brought into the tax net: PM ISLAMABAD: Prime Minister Shehbaz Sharif has directed that non-filers who have the ability to pay taxes and do not... Published 06 Jul, 2024 05:18am
Pakistan Army brass concerned about ‘unwarranted criticism’ over Operation Azm-e-Istehkam Says operation is aimed at dismantling 'nexus of terrorism and illegal spectrum in the country for enduring stability and economic prosperity' Published 06 Jul, 2024 12:07am
World Russian strikes kill 4, wound 23 in east Ukraine KYIV: Russian attacks killed four and wounded nearly two dozen others in the eastern Donetsk region of Ukraine on... Published 05 Jul, 2024 11:10pm
World Hamas official says expects quick Israeli response to ceasefire ‘ideas’ GAZA STRIP: A top Hamas official told AFP Friday the group expects a swift Israeli response – “likely today or... Published 05 Jul, 2024 11:06pm
Markets Nasdaq gains on megacap boost as markets assess payrolls data The Dow and the S&P 500 struggled for direction on Friday as investors assessed mixed payrolls data for cues on... Published 05 Jul, 2024 09:36pm
Markets London midcaps touch more than two-year highs as Labour Party returns to power Britain’s domestic-focused stocks logged their best week in more than five months on Friday after a landslide... Published 05 Jul, 2024 09:32pm
Pakistan Ruet-e-Hilal Committee to meet on Saturday for Muharram moon sighting A meeting of Central and Zonal Ruet-e-Hilal Committees will be held on Saturday (Zilhaj 29) to sight the crescent of... Published 05 Jul, 2024 08:13pm
Life & Style Meta drives conversations on responsible content creation with Pakistan’s Facebook community KARACHI: Meta has collaborated with Ali Gul Pir – Pakistani content creator and comedian – to host a four-episode... Published 05 Jul, 2024 07:14pm
Pakistan PTI to attend govt’s APC despite concerns over Operation Azm-e-Istehkam: Imran Khan PTI founder believes the new anti-terrorism campaign would 'only lead to further instability' in country Published 05 Jul, 2024 06:55pm
Markets Global LNG: Asia spot prices decline on waning Chinese demand LONDON: Asian spot liquefied natural gas (LNG) prices were down this week but remained firm above $12, causing... Published 05 Jul, 2024 06:39pm
Markets KSE-100 closes week marginally negative The Pakistan Stock Exchange (PSX) ended another trading session on a flat note as the benchmark KSE-100 index... Published 05 Jul, 2024 06:12pm
Markets UAE bourses edge higher on US rate cut bets Stock markets in the United Arab Emirates edged higher on Friday as optimism about a U.S. interest rate cut... Published 05 Jul, 2024 06:10pm
Markets Sri Lankan shares end higher as energy, consumer staple stocks gain CSE All Share index settled up 0.17% at 11,947.43 Published 05 Jul, 2024 06:01pm
Sports Pakistan to host Bangladesh, England and West Indies Tests KARACHI: Pakistan on Friday announced Test matches against Bangladesh, England and the West Indies – as well as a... Updated 05 Jul, 2024 08:23pm
Business & Finance Ukraine foreign currency reserves slip to $37.9bn, central bank says KYIV: Ukraine’s foreign currency reserves slipped to $37.9 billion at the start of July, the central bank said on... Published 05 Jul, 2024 05:38pm
Markets Asia gold: High gold prices dull activity in India and China Physical gold dealers in India offered discounts for the ninth consecutive week due to high prices, as they await a... Published 05 Jul, 2024 05:32pm
World Sri Lanka to save $3bn in debt write-offs post bond rework, president says COLOMBO: Sri Lanka will save $3 billion in debt write-offs from commercial creditors once a provisional deal to... Published 05 Jul, 2024 05:28pm
World Erdogan says Putin visit could help Turkiye-Syria ties ANKARA: Turkish President Tayyip Erdogan said a possible visit to Turkiye by Russia’s Vladimir Putin could pave the... Published 05 Jul, 2024 05:22pm
World Ukraine receives third Patriot air defence system from Germany, envoy says KYIV: Ukraine has taken receipt of its third German-supplied Patriot air defence system, Berlin’s ambassador to Kyiv... Published 05 Jul, 2024 05:19pm
World Modi to seek early discharge of Indians from Russian army in Moscow talks NEW DELHI: The early discharge sought by India of its nationals who were “misled” into serving in the Russian army... Published 05 Jul, 2024 05:13pm
Markets India’s forex reserves fall to $652 billion as of June 28 MUMBAI: India’s foreign exchange reserves fell by $1.7 billion last week to stand at $652 billion as of June 28,... Published 05 Jul, 2024 05:04pm
Markets India’s Nifty 50 posts record close, longest weekly rally of 2024 BENGALURU: India’s blue-chip Nifty 50 notched another record closing high on Friday, shrugging off a slide in HDFC... Published 05 Jul, 2024 04:59pm
Markets Copper hits three-week high on interest rate hopes LONDON: Copper prices in London hit their highest in more than three weeks on Friday, on course for the first weekly... Published 05 Jul, 2024 04:54pm
Markets Palm posts best week in five JAKARTA: Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders... Published 05 Jul, 2024 04:51pm
Life & Style Michelin Guide reveals 2024 Dubai list New Michelin-starred restaurants include Row on 45, Orfali Bros, Smoked Room Published 05 Jul, 2024 04:43pm
Markets Gold price per tola increases another Rs1,100 in Pakistan Gold prices in Pakistan registered gains for the third successive session on Friday in line with an increase in the... Published 05 Jul, 2024 04:22pm
Life & Style Real estate developer announces AED210mn mall in Dubai for 2026 A new mall is set to open its doors in 2026, announced Sobha Realty, a leading global luxury real estate developer,... Published 05 Jul, 2024 04:18pm
Technology Pakistan’s DealCart announces $3mn seed round led by international investors DealCart, a Pakistani social e-commerce startup, announced on Thursday that it has successfully raised $3 million in... Updated 05 Jul, 2024 07:09pm
Pakistan At least three killed, several injured in Mardan bomb blast At least three people were killed and eight others injured on Friday in an explosion in Khyber Pakhtunkhwa’s (KPK)... Updated 05 Jul, 2024 04:34pm
Life & Style ‘Fashion power’: Zarny, the Myanmar refugee turned Tokyo designer TOKYO: Having fled Myanmar for Japan with his parents as a child, Shibuya Zarny began his fashion career as a model... Published 05 Jul, 2024 03:57pm
Business & Finance Transaction complete: UBL sells off stake in its UK subsidiary to Bestway Group United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has successfully concluded the transaction... Updated 05 Jul, 2024 07:09pm
Markets Kenyan shilling flat as traders see protests cooling off NAIROBI: The Kenyan shilling was unchanged in quiet trade on Friday morning, as traders saw anti-government protests... Published 05 Jul, 2024 03:50pm
Markets India’s May tea output falls 30%, lowest level in over a decade MUMBAI: India’s tea production in May plunged more than 30% from a year earlier to 90.92 million kilograms (kg), its... Published 05 Jul, 2024 03:46pm
World UK PM Sunak to resign as prime minister and Conservative leader LONDON: Britain’s Rishi Sunak said he would meet King Charles to formally resign as prime minister on Friday and... Published 05 Jul, 2024 02:54pm
Pakistan Dr Gohar Ejaz urges govt to provide relief to salaried class Former caretaker minister also advocates lowering key interest rate Updated 05 Jul, 2024 04:45pm
Markets French soft wheat yield seen 11% below 10-year average PARIS: This year’s French soft wheat harvest is expected to show a yield 11% below the 10-year average, due to a... Published 05 Jul, 2024 02:34pm
Technology ‘Spaceship’ observatory allows Cyprus stargazers a peek at the final frontier AGRIDIA, Cyprus: A new space observatory in Cyprus looks like it just uncloaked itself on the set of a sci-fi movie... Published 05 Jul, 2024 02:18pm
World Ex-prime minister Liz Truss loses seat at UK election LONDON: Liz Truss, Britain’s shortest-serving prime minister, suffered further political ignominy Friday when she... Published 05 Jul, 2024 01:43pm
Markets Europe equities rise at open as Labour win UK election LONDON: Europe’s stock markets rose in opening deals on Friday as investors digested news that Labour, as expected,... Published 05 Jul, 2024 01:40pm
World Volodymyr Zelensky hails Starmer win, says UK, Ukraine are ‘reliable allies’ KYIV: Ukrainian President Volodymyr Zelensky on Friday congratulated Labour leader Keir Starmer on his party’s... Published 05 Jul, 2024 01:38pm
World Five killed in Israeli raid in West Bank: Palestinian health ministry JENIN: An Israeli military raid on Jenin in the occupied West Bank on Friday left five people dead, the Palestinian... Published 05 Jul, 2024 01:36pm
World Emmanuel Macron says France to ‘pursue cooperation’ with UK after Labour win PARIS: French President Emmanuel Macron congratulated Labour Party leader Keir Starmer on his election victory... Published 05 Jul, 2024 01:31pm
World Hezbollah, Hamas discuss latest developments in Gaza ceasefire talks, Hezbollah says BEIRUT: Lebanon’s Hezbollah leader Sayyed Hassan Nasrallah and top Hamas official Khalil Al-Hayya discussed the... Published 05 Jul, 2024 12:21pm
Markets British stocks, bond prices rise after Labour election win LONDON: British stock and government bond prices rose on Friday after the centre-left Labour Party surged to a... Published 05 Jul, 2024 12:18pm
Markets China’s yuan steady as PBOC hints about bond sales push up yields SHANGHAI: China’s yuan held steady on Friday against the US dollar as yields for Chinese government bonds rose... Published 05 Jul, 2024 12:15pm
Sports ‘Dude, don’t disrespect me,’ says Fritz to bitter Wimbledon rival LONDON: Taylor Fritz reignited his bitter feud with Arthur Rinderknech at Wimbledon on Thursday when he told the... Published 05 Jul, 2024 12:07pm
Sports Gareth Southgate under pressure to twist for Euros showdown with Swiss DÜSSELDORF: Saved by a dramatic late fightback to beat Slovakia, Gareth Southgate will take charge of England for... Published 05 Jul, 2024 11:54am
Sports Zimbabwe, India look to future in T20 series HARARE: Zimbabwe and India will be looking to the future when they start a five-match Twenty20 international series... Published 05 Jul, 2024 11:51am
Sports Germany face Spain, France take on Portugal in thrilling Euro 2024 quarters STUTTGART: Hosts Germany take on Spain in the first of two blockbuster quarter-final ties at Euro 2024 on Friday,... Published 05 Jul, 2024 11:47am
World India’s Modi heads to Moscow for first visit since Ukraine invasion MUMBAI: Indian Prime Minister Narendra Modi on Monday makes his first visit to Russia since the invasion of Ukraine,... Published 05 Jul, 2024 11:41am
World NATO summit to push for standardizing shells BRUSSELS: NATO is set to issue its first ever defence industrial pledge at its Washington summit on Wednesday,... Published 05 Jul, 2024 11:34am
World Child killed after Ukrainian attack on Russia’s Krasnodar region, governor says A six-year-old girl died in hospital after a drone attack on the town of Primorsko-Akhtarsk in Russia’s Krasnodar... Published 05 Jul, 2024 11:29am
Markets Farrukh H Khan resigns as Pakistan Stock Exchange CEO Farrukh H Khan has resigned from the position of Chief Executive Officer (CEO) of Pakistan Stock Exchange Limited... Updated 05 Jul, 2024 04:32pm
Markets Asia stocks notch records; pound calm after Labour landslide SINGAPORE: Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the... Published 05 Jul, 2024 11:21am
World Nigel Farage wins seat in UK parliament CLACTON-ON-SEA: Nigel Farage, leader of the right-wing Reform UK party, won a seat in the British parliament for the... Published 05 Jul, 2024 11:17am
World Hurricane Beryl zeroes in on Mexico resorts, strengthens to Category 3 TULUM/CANCUN: Hurricane Beryl strengthened to a Category 3 storm on Thursday evening as it zeroed in on Mexico’s top... Published 05 Jul, 2024 11:13am
World Iranians vote in run-off presidential election amid widespread apathy DUBAI: Iranians will vote in a run-off presidential election on Friday amid voter apathy and heightened regional... Published 05 Jul, 2024 11:09am
Markets Palm oil tracks Dalian rivals lower but set for weekly gain JAKARTA: Malaysian palm oil futures tracked rival Dalian oils lower on Friday, but were on track for a second... Published 05 Jul, 2024 10:57am
Markets Rupee registers minor gain against US dollar Currency settles at 278.38 against the greenback in the inter-bank market Updated 05 Jul, 2024 07:02pm
Sports Argentina beat Ecuador on penalties to move into Copa America semis HOUSTON: Argentina beat Ecuador 4-2 on penalties to move into the semi-finals of the Copa America on Thursday after... Published 05 Jul, 2024 10:42am
World Scottish National Party’s poor UK election showing derails independence push LONDON: The Scottish National Party was set for its worst showing at a British parliamentary election since 2010,... Published 05 Jul, 2024 10:39am
Technology Bitcoin slides to four-month lows, ether sinks 8% SINGAPORE: Bitcoin sank to a four-month low on Friday and was on course for its worst weekly performance in a year,... Published 05 Jul, 2024 10:34am
World Senior UK Conservative Jacob Rees-Mogg fails to win seat in election LONDON: Former British Conservative minister Jacob Rees-Mogg failed to win the parliamentary seat of North East... Published 05 Jul, 2024 10:31am
World Keir Starmer pledges to stabilise UK as Labour win huge majority The centre-left Labour Party ends 14 years of often tumultuous Conservative government Updated 05 Jul, 2024 08:32pm
Markets Cyclical and consumer shares drag China stocks down SHANGHAI: China stocks fell on Friday, dragged by cyclical and consumer shares, while investors were watching moves... Published 05 Jul, 2024 10:03am
Markets Gold eyes second straight weekly rise; spotlight on US payrolls Gold prices edged up on Friday and were set for a second straight weekly gain, while traders awaited US employment... Published 05 Jul, 2024 09:59am
Markets Indian bond yields flat; debt auction, US jobs data on tap MUMBAI: Indian government bond yields were flat in the early session on Friday, with the benchmark yield hovering... Published 05 Jul, 2024 09:57am
Markets Indian rupee bias on upside amid dollar decline before key US jobs report MUMBAI: The Indian rupee is expected to do well on Friday in the wake of the dollar’s decline before a jobs report... Published 05 Jul, 2024 09:55am
Markets Australian shares retreat as commodity stocks drag Australian shares slipped on Friday after two straight sessions of gains, with commodity-related stocks and... Published 05 Jul, 2024 09:53am
Markets Japanese shares climb record peaks; market eyes US data TOKYO: Japan’s Nikkei share average and the broader Topix index both touched record highs on Friday, although they... Published 05 Jul, 2024 09:52am
Markets Indian shares open lower dragged by HDFC Bank BENGALURU: Indian shares opened lower on Friday, dragged by top private lender HDFC Bank, which reported a... Published 05 Jul, 2024 09:49am
Markets Dollar at three-week lows; pound takes UK election in stride SINGAPORE: The US dollar was hovering near three-week lows on Friday ahead of payrolls data that will likely... Published 05 Jul, 2024 09:48am
Business & Finance Philippine central bank says inflation to settle within target in 2024, 2025 MANILA: The Philippine central bank said on Friday that risks to inflation have shifted to the downside and it... Published 05 Jul, 2024 09:45am