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Pakistan

Goal behind protests is to attain ‘real freedom’: Imran Khan

PTI chairman says will announce the date for the long march during the party's Multan rally

Published 19 May, 2022 10:12pm

Markets

SBP-held foreign exchange reserves plummet by $145mn to $10.16bn

Total liquid foreign reserves stood at $16.16 billion as of May 13

Published 19 May, 2022 10:00pm

Markets

Toronto index extends losses as energy, industrial shares drag

Canada's main stock index extended losses on Thursday, pressured by declines in energy and industrial shares as well...

Published 19 May, 2022 09:57pm

Markets

S&P 500, Dow slip as Cisco drags, Nasdaq steady after selloff

The S&P 500 and the Dow extended losses on Thursday as Cisco Systems slumped after it gave a dismal outlook,...

Published 19 May, 2022 09:55pm

World

IMF's Georgieva says finance leaders must prepare for more inflation shocks

KOENIGSWINTER: International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that global...

Published 19 May, 2022 09:50pm

Markets

ADNOC announces three new oil discoveries

Abu Dhabi National Oil Company (ADNOC) on Thursday announced three oil discoveries including one at Bu Hasa, Abu...

Published 19 May, 2022 09:44pm

Markets

London's FTSE 100 tumbles on global slowdown worries

UK's FTSE 100 tumbled on Thursday as investors globally fretted over the broadening impact of inflation on economic...

Published 19 May, 2022 09:32pm

World

Biden, Saudi crown prince may meet for first time as soon as next month

WASHINGTON: U.S. President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman could meet for the first ...

Published 19 May, 2022 09:15pm

World

Biden welcomes Finland, Sweden to join NATO, as Turkey balks

WASHINGTON: U.S. President Joe Biden met the leaders of Sweden and Finland on Thursday to advance their applications...

Published 19 May, 2022 08:38pm

Pakistan

Pakistan Army soldier martyred in South Waziristan IED blast: ISPR

Clearance operation being carried out to eliminate terrorists in the area, military’s media affairs wing says

Published 19 May, 2022 07:55pm

World

Taliban say female Afghan TV presenters must cover face on air

KABUL: Taliban authorities in Afghanistan have asked television broadcasters to ensure that female presenters on...

Published 19 May, 2022 07:51pm

Sports

Sri Lanka women's team reach Karachi for limited overs series against Pakistan

Visiting side will play three T20Is and as many ODIs during the tour

Published 19 May, 2022 06:44pm

Markets

Harley-Davidson to suspend most vehicle assembly due to parts issue

Harley-Davidson Inc said on Thursday the bike maker will suspend all vehicle assembly and shipments for a two-week...

Published 19 May, 2022 06:38pm

Markets

Most Gulf indexes track decline in global shares

Most stock markets in the Gulf ended lower on Thursday, tracking global shares as investors shunned riskier assets...

Published 19 May, 2022 06:34pm

Markets

Mercedes-Benz aims for more luxury in model line-up

BERLIN: Mercedes-Benz is honing its identity as a luxury company, its chief technology officer (CTO) said on...

Published 19 May, 2022 06:21pm

World

EU lawmakers back minimum corporate tax, seek future review

BRUSSELS: The European Parliament overwhelmingly backed the European Union’s adoption of a global minimum tax for...

Published 19 May, 2022 06:15pm

Markets

Gold climbs as dollar, risk assets slide on growth worries

Gold prices bounced back on Thursday as a drop in U.S. dollar and Treasury yields coupled with a slide in risk...

Published 19 May, 2022 06:09pm

World

WHO clears COVID vaccine by China's CanSino Biologics for emergency use

The World Health Organization on Thursday issued an emergency use listing for the single-dose COVID-19 vaccine from...

Updated 19 May, 2022 06:58pm

Sports

Qatar World Cup to feature female referees in first for tournament

Women referees will officiate matches at the men’s World Cup for the first time in Qatar this year, the sport’s...

Published 19 May, 2022 05:59pm

Pakistan

Govt imposes ban on import of non-essential luxury items: Marriyum Aurangzeb

Information Minister says Pakistan faces an emergency situation that requires extraordinary decisions

Updated 19 May, 2022 10:14pm

Markets

KSE-100 closes 0.1% lower in mixed session

Stocks rallied on the back of robust GDP growth figure but deprecation of rupee against dollar dented investors' confidence

Published 19 May, 2022 05:41pm

Markets

Copper lifted by hopes over China lifting COVID controls

LONDON: Copper prices ticked higher on Thursday as the prospect of lockdowns being lifted in top metals consumer...

Published 19 May, 2022 05:28pm

Markets

Indian shares drop over 2% on inflation worries, IT leads losses

BENGALURU: Indian shares fell more than 2% on Thursday, hammered by losses in technology and metal stocks, with...

Published 19 May, 2022 05:25pm

Markets

Palm slips, set to fall further as Indonesia plans to lift export ban

KUALA LUMPUR: Malaysian palm oil futures ended lower on Thursday and is expected to fall further after Indonesia...

Published 19 May, 2022 05:22pm

Business & Finance

Canadian restaurant giant Tim Hortons coming to Pakistan

Planning to open first restaurant in Lahore later this year

Published 19 May, 2022 04:47pm

Pakistan

NAB, FIA cases: SC puts restrictions on what actions authorities can take

Top court bench issues notices to FIA director-general, NAB chairman and the interior secretary

Updated 19 May, 2022 06:59pm

Business & Finance

Ford recalls 39,000 US SUVs after engine fire reports

WASHINGTON: Ford Motor Company said Thursday it was recalling 39,000 SUVs after reports of 16 fires, and has advised...

Published 19 May, 2022 03:56pm

Sports

Chandimal, Dickwella cling on as Sri Lanka draw Bangladesh Test

CHITTAGONG: Bangladesh and Sri Lanka drew the first Test in Chittagong on Thursday after Dinesh Chandimal and...

Published 19 May, 2022 03:48pm

Business & Finance

Pakistan wants to form larger share of labour force for Saudi’s futuristic NEOM project

Home to millions of Pakistani expats, Saudi Arabia is a major source of remittances

Published 19 May, 2022 03:42pm

Markets

Indonesia to lift palm oil export ban from Monday, president says

JAKARTA: Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil...

Updated 19 May, 2022 03:59pm

Markets

Euro rises with focus on ECB tightening path, Swiss Franc rises

The euro rose on Thursday as investors priced in the chance of an aggressive near-term tightening path by the...

Published 19 May, 2022 03:28pm

Technology

Xiaomi’s Q1 revenue falls 4.6% due to COVID, supply chain disruptions

SHENZHEN: Chinese smartphone maker Xiaomi Corp reported a fall in first-quarter revenue as COVID-19 controls and...

Published 19 May, 2022 03:25pm

Markets

European markets sink at open in global selloff

LONDON: Europe’s main stock markets opened sharply lower Thursday, after heavy losses in Asia and on Wall...

Published 19 May, 2022 03:22pm

World

‘No shortcuts’ to Ukraine EU membership: Scholz

BERLIN: Ukraine’s bid to join the EU cannot be sped up despite the country’s invasion by Russia, German Chancellor...

Published 19 May, 2022 03:20pm

Business & Finance

British Airways owner orders 50 Boeing 737 MAX jets

LONDON: British Airways owner IAG said Thursday it has ordered 50 Boeing 737 MAX aircraft worth $6.25 billion at...

Published 19 May, 2022 03:17pm

World

Italy’s Draghi to visit Turkey in July

ROME: Italy’s prime minister will visit Turkey in July for discussions about the Ukraine war, the leader said...

Published 19 May, 2022 03:13pm

Sports

Injured England paceman Archer to miss rest of season

LONDON: Pace bowler Jofra Archer will miss the rest of the season due to a stress fracture of his back, England...

Published 19 May, 2022 03:10pm

Business & Finance

UK hits Russian airlines with fresh sanctions

LONDON: The UK government said on Thursday it is slapping further sanctions on Russia’s main airlines by barring...

Published 19 May, 2022 03:08pm

Markets

Australia shares snap four-day rally as bank, tech stocks weigh

Australian shares snapped a four-day rally on Thursday, tracking a global sell-off on concerns over accelerating...

Published 19 May, 2022 02:50pm

Business & Finance

Russia’s economy will shrink by no more than 5% in 2022

Russia’s economy will contract by no more than 5% in 2022, presidential adviser Maxim Oreshkin said on Thursday,...

Published 19 May, 2022 02:44pm

World

Why is India facing its worst power crisis in over six years?

NEW DELHI: India is facing its worst power crisis in over six years as a heatwave bakes vast swathes of South Asia,...

Published 19 May, 2022 02:28pm

Life & Style

Tom Cruise swoops into Cannes, igniting film festival with jets and star power

Cruise was in the city to promote the long-awaited 'Top Gun: Maverick' movie

Published 19 May, 2022 02:05pm

Life & Style

It's gonna be all right, Taylor Swift tells NYU graduates at commencement

The singer-songwriter received an honorary doctorate from New York University

Published 19 May, 2022 02:04pm

Pakistan

Punjab slashes flour prices as part of relief package

The Punjab government slashed the rate of 10 kg of flour from Rs650 to Rs490

Published 19 May, 2022 01:50pm

Pakistan

Foreign interference halted economic improvement: Asad Umar

PTI leader says elections are best way forward to resume growth, end political crisis

Updated 19 May, 2022 07:01pm

Pakistan

Cheema challenges his removal as Punjab governor in IHC

Says PM Shehbaz Sharif illegally removed him from office to benefit son Hamza

Published 19 May, 2022 01:00pm

Markets

Consumer, financials drag on China shares as tech rout hits Hong Kong

SHANGHAI: China shares slipped on Thursday as gloomy economic prospects weighed, while Hong Kong’s benchmark index...

Published 19 May, 2022 12:30pm

Sports

Change in format will help Williamson regain form, says NZ coach Stead

LONDON: Batsman Kane Williamson had a poor season in the Indian Premier League (IPL) but New Zealand coach Gary...

Published 19 May, 2022 12:26pm

Markets

Gold flat as lofty dollar, firmer US bond yields dim appeal

Gold prices were flat on Thursday, as an elevated US dollar and rising Treasury yields weighed on greenback-priced...

Published 19 May, 2022 12:24pm

Markets

Sri Lanka central bank holds rates; reiterates need for political stability

COLOMBO: Sri Lanka’s central bank held its key interest rates steady on Thursday following a massive 700 basis...

Published 19 May, 2022 12:21pm

Markets

South Africa’s rand firms ahead of rate decision

JOHANNESBURG: The South African rand firmed in early trade on Thursday as the US dollar eased, and as investors...

Published 19 May, 2022 12:16pm

Markets

CBOT corn may test support at $7.75-3/4

SINGAPORE: CBOT corn may test a support at $7.75-3/4 per bushel, a break below which could open the way towards...

Published 19 May, 2022 12:12pm

Markets

Nikkei snaps four-day rally as inflation jitters return

TOKYO: Japan’s Nikkei share average snapped a four-session rally on Thursday after Wall Street plunged overnight on...

Published 19 May, 2022 12:10pm

Markets

Indonesia’s March palm oil exports down 40% y/y

JAKARTA: Indonesia exported 2.02 million tonnes of palm oil in March, including refined products, down 40% from the...

Published 19 May, 2022 12:08pm

Business & Finance

EasyJet says bookings strong as it posts 545mn stg first half loss

LONDON: British low-cost carrier easyJet said demand was strong, with bookings in the last 10 weeks consistently...

Published 19 May, 2022 12:06pm

World

‘I mean Ukraine’: Former U.S. president George Bush calls Iraq invasion ‘unjustified’

WASHINGTON: Former U.S. President George W. Bush mistakenly described the invasion of Iraq as “brutal” and...

Published 19 May, 2022 12:04pm

World

Israel fires missile defenses near Lebanon after misidentification

JERUSALEM: Israel activated its missile defenses on Thursday after mistakenly identifying a threat near the border...

Published 19 May, 2022 11:59am

World

G7 finance ministers to thrash out Ukraine aid plan

KÖNIGSWINTER: G7 partners meet Thursday hoping to find a solution for Kyiv’s budget troubles as the fallout from...

Published 19 May, 2022 11:50am

Sports

‘Next Messi’ Bojan learned, suffered in itinerant career

TOKYO: Former Barcelona prodigy Bojan Krkic is playing in his seventh country and “would not change anything” about...

Published 19 May, 2022 11:45am

World

North Korea completes preparation for nuclear weapon test: Seoul lawmaker

SEOUL: North Korea has completed preparations for a nuclear test and is seeking the best moment to carry it out, a...

Published 19 May, 2022 11:42am

World

One dead in Russia in attack near Ukraine border: governor

MOSCOW: One person died and others were injured in southwestern Russia after an attack in a village on the border...

Published 19 May, 2022 11:39am

World

War in Ukraine: Latest developments

KYIV: Here are the latest developments in the war in Ukraine: More than 1,000 Mariupol fighters remain:...

Published 19 May, 2022 11:37am

World

US backs Nordic NATO bids, Ukraine tries Russian for war crime

KYIV: US President Joe Biden will host the leaders of Finland and Sweden on Thursday to discuss their NATO...

Published 19 May, 2022 11:30am

World

Nearly 60mn people internally displaced worldwide in 2021

GENEVA: Conflicts and natural disasters forced tens of millions to flee within their own country last year, pushing...

Published 19 May, 2022 11:25am

World

Trapped Indonesian ferry with 800 on board dislodged: military

MAUMERE: An Indonesian ferry carrying 800 people that had run aground was dislodged on Thursday and continued on its...

Published 19 May, 2022 11:20am

Markets

All-time low: Rupee closes at 200 in inter-bank trading for first time against US dollar

Investors concerned about government's inability to implement IMF conditions related to revival of stalled $6 billion EFF programme

Updated 19 May, 2022 08:02pm

Markets

Tokyo shares open lower tracking US losses

TOKYO: Tokyo shares opened lower on Thursday after Wall Street stocks suffered a battering as worries mounted about...

Published 19 May, 2022 11:03am

Markets

Hong Kong stocks down by more than three percent

HONG KONG: Hong Kong stocks were down by more than three percent Thursday, after Wall Street suffered one of its...

Published 19 May, 2022 11:01am

Markets

Asian markets plunge after Wall St battering

HONG KONG: Asian markets posted big early losses Thursday, after Wall Street suffered one of its worst batterings in...

Published 19 May, 2022 10:59am

Markets

Major China tech stocks plunge as sell-off builds

HONG KONG: Shares in Chinese tech giants plunged on Thursday morning after Tencent reported lacklustre profits,...

Published 19 May, 2022 10:57am

Markets

Australia dollars takes comfort in Shanghai steps, jobs data

SYDNEY: The Australian and New Zealand dollars were re-taking lost ground on Thursday as signs of an easing in...

Published 19 May, 2022 10:43am

Markets

US oil may end bounce below $111.46 and resume drop

SINGAPORE: US oil may end its bounce below a resistance at $111.46 per barrel, and resume its fall towards...

Published 19 May, 2022 10:38am

Markets

Palm oil may test support at 5,984 ringgit

SINGAPORE: Palm oil may test a support at 5,984 ringgit per tonne, a break below which could open the way towards...

Published 19 May, 2022 10:36am

Markets

Brent oil may retest $107.79 after weak bounce

SINGAPORE: Brent oil may retest a support at $107.79 per barrel, probably after a weak bounce towards $110.64. The...

Published 19 May, 2022 10:34am

Markets

Spot gold neutral in $1,805-$1,823 range

SINGAPORE: Spot gold looks neutral in a range of $1,805-$1,823 per ounce, and an escape could suggest a direction. A...

Published 19 May, 2022 10:31am

Markets

Safe-haven dollar eases after Wednesday’s jump, but risk sentiment remains fragile

TOKYO: Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the...

Published 19 May, 2022 10:29am

BR Research

GlaxoSmithKline Pakistan Limited

GlaxoSmithKline (PSX: GLAXO) was established as a limited liability company. It was set up through a merger of three...

Published 19 May, 2022 10:26am

Markets

Australian shares track global equities lower; tech stocks slide

Australian shares fell on Thursday, dragged by technology and mining stocks, as a surging inflationary environment...

Published 19 May, 2022 10:15am

Markets

Indian shares slump as inflation, economic slowdown fears linger

BENGALURU: Indian shares dropped 2% on Thursday, weighed down by a broader market selloff, as investors dumped risky...

Published 19 May, 2022 10:04am

Markets

Japan’s Nikkei set to snap four sessions of gains on growth worries

TOKYO: Japan’s Nikkei share average was set to snap a four-session rally on Thursday after Wall Street plunged...

Published 19 May, 2022 09:45am

Markets

Oil prices recoup losses on renewed supply worries, dollar weakness

NEW YORK: Oil prices rebounded from earlier losses on Thursday as Chinese officials planned to ease restrictions in...

Updated 19 May, 2022 09:38pm

Markets

Yuan eases as investment banks cut China’s growth outlook

SHANGHAI: The yuan eased against the dollar on Thursday as market sentiment soured after some major global...

Published 19 May, 2022 09:34am

Business & Finance

‘Invest in Pakistan Forum-2022’ held in Silicon Valley

SAN JOSE: The “Invest in Pakistan” Forum was held in San Jose, Silicon Valley. In his welcome address, ...