News Archives for Latest - 2024-02-13

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Archive - 2024-02-13

Pakistan

PML-N fields Shehbaz as PM candidate, Maryam as Punjab CM

Pakistan Muslim League-Nawaz (PML-N) Information Secretary Marriyum Aurangzeb said on Tuesday that party supremo...

Published 13 Feb, 2024 11:14pm

World

Yemen Houthi leader: No ships linked to Israel passed during last week

CAIRO: The leader of Yemen’s Iran-aligned Houthis said on Tuesday that the group had been able to prevent...

Published 13 Feb, 2024 11:08pm

Europe

Russia war damages $3.5bn worth of Ukraine heritage: UN

PARIS: Russia’s invasion of Ukraine has caused around $3.5 billion worth of damage to the country’s heritage and...

Published 13 Feb, 2024 10:59pm

World

Only Gaza ceasefire will end Lebanon border hostilities: Hezbollah

BEIRUT: Hezbollah’s chief said Tuesday ending the Gaza war was key to halting hostilities on the Lebanon frontier,...

Published 13 Feb, 2024 10:52pm

Pakistan

Zardari calls for 'reconciliation' as PML-N, IPP, PPP, MQM and PML-Q join forces to form govt

Shehbaz Sharif says PML-N Senior Vice President Maryam Nawaz will be the party's nominee for Punjab chief minister
Zardari says the reconciliation process should include PTI

Published 13 Feb, 2024 10:43pm

Middle East

South Africa asks World Court to weigh Israel’s Rafah offensive

JOHANNESBURG: South Africa said on Tuesday it had asked the World Court to consider whether Israel’s plan to extend...

Updated 13 Feb, 2024 10:28pm

Pakistan

Bilawal says PPP will support PML-N’s candidate for PM but won’t join cabinet

Says his party back incoming government on 'issue to issue' basis

Updated 13 Feb, 2024 10:27pm

Forex

Rupee registers slight gain against US dollar

Currency settles at 279.31 in inter-bank market

Updated 13 Feb, 2024 09:50pm

Pakistan

Political uncertainty persists

ISLAMABAD: Political uncertainty continues to persist four days after February 8 general elections with their...

Updated 13 Feb, 2024 09:43pm

‘Right people’ will take appropriate economic decisions: Pasha

ISLAMABAD: Matters are now in the hands of the right people and they will take appropriate economic decisions. This...

Updated 13 Feb, 2024 09:43pm

Pakistan

UN chief closely monitoring post-elections situation in Pakistan

Urges political leaders to maintain calm atmosphere and refrain from violence

Updated 13 Feb, 2024 09:40pm

Pakistan

PTI announces alliance with Majlis Wahdat-e-Muslimeen in centre, Punjab

Raoof Hasan says the party will form a coalition with the Jamaat-i-Islami in Khyber Pakhtunkhwa for reserved seats

Updated 13 Feb, 2024 09:39pm

Pakistan

Will sit in opposition if independents form govt: Shehbaz Sharif

Says if PTI-sponsored or non-PTI-sponsored can form a government then they should

Updated 13 Feb, 2024 09:37pm

Energy

Oil rises on Middle East tensions, interest rates curb gains

HOUSTON: Oil prices rose on Tuesday as tensions in the Middle East stoked future supply concerns, but gains were...

Updated 13 Feb, 2024 09:36pm

Stocks

KSE-100 stages dramatic recovery after falling below 60k

Turns a corner after plunging over 1,450 points in opening few minutes of trading

Updated 13 Feb, 2024 09:35pm

Europe

Turkiye’s Erdogan set for first Egypt visit in over decade

CAIRO: Turkish President Recep Tayyip Erdogan is set to arrive in Cairo on Wednesday to meet his Egyptian...

Published 13 Feb, 2024 09:31pm

Money & Banking

Allied Bank’s profit jumps 95% in 2023

Allied Bank (ABL) posted a profit-after-tax of Rs41.3 billion ($146.5 million) in 2023, a growth of nearly 95% than...

Updated 13 Feb, 2024 09:25pm

Markets

MSCI adds 19 Pakistani companies to Small Cap, 3 to Frontier Markets Indexes

In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the February 2024...

Updated 13 Feb, 2024 09:14pm

Stocks

US stocks slide after hot January inflation data

NEW YORK: Wall Street stocks fell sharply early Tuesday after US inflation exceeded expectations, pointing to a...

Published 13 Feb, 2024 08:33pm

Forex

US dollar hits three-month peak after inflation data, tops 150 yen

NEW YORK: The dollar rose to three month peaks on Tuesday, after data showed U.S. inflation rose more than expected...

Published 13 Feb, 2024 08:25pm

Sports

Sarfaraz Ahmed steps down, Rilee Rossouw to lead Quetta Gladiators in PSL 9

Former Pakistan captain Sarfaraz Ahmed has stepped down from the leadership of Quetta Gladiators after eight years....

Published 13 Feb, 2024 08:21pm

Companies

Coca-Cola revenue tops estimates on robust demand, higher prices

Coca-Cola surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher...

Published 13 Feb, 2024 08:01pm

Middle East

Israel spy chief travels to Cairo for Gaza talks

JERUSALEM: Israel’s spy chief was headed to Cairo Tuesday for talks with his Egyptian and US counterparts on a Gaza...

Updated 13 Feb, 2024 08:00pm

Commodities

Gold slides as hot US inflation data dashes hopes of early rate cut

Gold prices fell 1% to a two-month low on Tuesday, as a stronger-than-expected U.S. inflation report tempered...

Published 13 Feb, 2024 07:54pm

Middle East

Iran fires first ship-based long-range ballistic missiles

TEHRAN: Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic...

Published 13 Feb, 2024 07:14pm

Sports

Bangladesh recall Mahmudullah, Taijul for Sri Lanka T20Is

DHAKA: Bangladesh on Tuesday recalled batsman Mahmudullah Riyad and Taijul Islam to their Twenty20 international...

Published 13 Feb, 2024 07:10pm

Middle East

India, UAE sign investment, economic partnership accords

NEW DELHI: India and the United Arab Emirates (UAE) have signed accords aimed at promoting bilateral investment and...

Published 13 Feb, 2024 06:48pm

Sports

Mbappe back for PSG Champions League tie with Real Sociedad

Mbappe sat out Paris St Germain’s Ligue 1 game at the weekend, but their top scorer is set to return for the...

Published 13 Feb, 2024 06:44pm

Stocks

Most Gulf markets gain ahead of US inflation report

Most stock markets in the Gulf ended higher on Tuesday, as investors waited for a US inflation report to gauge when...

Published 13 Feb, 2024 06:40pm

Energy

Saudi Aramco starts trading US crude that helps set Brent oil benchmark

LONDON: Saudi state oil company Aramco has started trading a US crude oil grade that underpins the global Brent...

Published 13 Feb, 2024 06:06pm

Energy

OPEC sticks to oil demand view, sees better economic growth

LONDON: OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 and...

Published 13 Feb, 2024 06:02pm

Stocks

European stock markets drop tracking data

LONDON: Europe’s main stock markets declined in morning trade Tuesday as investors tracked unemployment numbers and...

Updated 13 Feb, 2024 05:32pm

Cricket

Record-setting West Indies beat Australia in 3rd T20

PERTH: Andre Russell and Sherfane Rutherford put on the biggest sixth-wicket partnership in a Twenty20 international...

Updated 13 Feb, 2024 05:30pm

Forex

Sterling rises to near 6-month high vs euro after labour market figures

LONDON: The pound rose to its strongest against the euro in almost six months after British wage growth slowed by...

Published 13 Feb, 2024 05:22pm

Sports

India’s Kuldeep says fit-again Jadeja available for third England Test

India’s Ravindra Jadeja is making steady progress in training after a hamstring injury and the experienced...

Published 13 Feb, 2024 05:18pm

Europe

US Senate passes $95bn aid bill for Ukraine, Israel and Taiwan

WASHINGTON: The Democratic-led U.S. Senate on Tuesday passed a $95.34 billion aid package for Ukraine, Israel and...

Published 13 Feb, 2024 05:10pm

USA

Trump can’t stop green energy revolution, but China coal threat looms: Kerry

PARIS: A re-elected Donald Trump won’t stop renewable energy deployment, but could reverse anti-coal diplomacy...

Published 13 Feb, 2024 05:07pm

Sports

Paris Olympics set for gold medal in luxury promotion

PARIS: From the podium to athletes’ wardrobes, French luxury goods giant LVMH is planning to put high-end Gallic...

Published 13 Feb, 2024 04:55pm

Luxury

Power blooms in Carolina Herrera’s show at New York Fashion Week

NEW YORK: Carolina Herrera aimed to highlight the powerful and resilient side of its clientele at its runway show at...

Published 13 Feb, 2024 04:25pm

Energy

PPL successfully drills, tests development well in Sindh

Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the county, has successfully drilled and tested...

Published 13 Feb, 2024 04:17pm

Sports

PCB unveils PSL 2024 trophy in Lahore

Tournament begins on February 17 in Lahore

Published 13 Feb, 2024 04:05pm

Stocks

Rebound in financials boosts Indian shares; small-, mid-caps underperform

BENGALURU: Indian shares rose on Tuesday, led by a rebound in financials, while easing domestic inflation and hopes...

Published 13 Feb, 2024 03:33pm

Movies & Music

Karan Johar, Sara Ali Khan’s new film set to debut on Prime Video

The original film will premiere on March 21

Published 13 Feb, 2024 03:31pm

Movies & Music

Gosling, Stone and a canine star mingle at Oscar nominees’ lunch

LOS ANGELES: Stars of ‘Barbie,’ ‘Oppenheimer’ and other Oscar-nominated films came together on Monday at the annual...

Published 13 Feb, 2024 02:42pm

Cricket

England confident Ahmed’s visa issues will be fixed before next India Test

England’s Rehan Ahmed ran into visa issues on the team’s return to India from Abu Dhabi for the third Test of their...

Published 13 Feb, 2024 02:32pm

Life & Style

Body Shop’s UK arm close to bankruptcy: report

LONDON: The Body Shop, the near 50-year-old cosmetics company renowned for its ethical hair and skin products, is...

Published 13 Feb, 2024 01:52pm

Stocks

Major Gulf bourses gain ahead of US inflation report

Major stock markets in the Gulf rose in early trade on Tuesday, ahead of a key U.S. inflation report that could help...

Published 13 Feb, 2024 01:36pm

Europe

Russia warns the West: we will be very tough if you ‘steal’ our assets

MOSCOW: Russia warned the West on Tuesday that Moscow would be very tough if the United States and European Union...

Published 13 Feb, 2024 01:32pm

Stocks

London stocks subdued as strong labour data wanes rate-cut hopes

UK shares were muted in early trade on Tuesday, as the pound and government bond yields edged up after a...

Published 13 Feb, 2024 01:26pm

Stocks

South Korean shares jump to six-week high on chip boost

KOSPI closed up 29.32 points, or 1.12%, at 2,649.64

Updated 13 Feb, 2024 12:36pm

Sports

Alcaraz says he would pick Paris Olympics gold over French Open crown

Carlos Alcaraz will have the chance to win the Olympic tennis title at Roland Garros this year as well as the French...

Published 13 Feb, 2024 12:33pm

Stocks

Australian shares end slightly lower; US inflation data on tap

Australian shares ended slightly lower on Tuesday as losses in healthcare stocks countered gains in banks and miners...

Updated 13 Feb, 2024 12:22pm

Europe

Russian air attack damages Dnipro power plant, Ukraine says

Russia attacked the central Ukrainian city of Dnipro with missiles and drones on Tuesday, damaging a power plant and...

Published 13 Feb, 2024 12:20pm

Stocks

Japan’s Nikkei cruises to 34-year peak, briefly breaching 38,000 range

TOKYO: Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long...

Updated 13 Feb, 2024 12:17pm

Financial

JGB yields edge up ahead of U.S. CPI data for rate clues

TOKYO: Japanese government bond yields edged up on Tuesday, as investors awaited a key U.S. inflation report that...

Published 13 Feb, 2024 12:14pm

Commodities

Gold flat ahead of US inflation data

Gold prices were little changed on Tuesday, as investors held back from making big bets ahead of a U.S. inflation...

Published 13 Feb, 2024 11:54am

South Asia

Indian farmers to march to Delhi after talks with ministers fail

NEW DELHI: Indian farmers plan to continue a protest march to New Delhi on Tuesday after talks with ministers failed...

Published 13 Feb, 2024 11:45am

Companies

PSMC shareholders resolve to authorise SMC Japan to repurchase stakes

KARACHI: The shareholders of Pak Suzuki Motor Company (PSMC) have resolved to authorise Suzuki Motor Corporation...

Updated 13 Feb, 2024 11:45am

Currency

Bitcoin breaks $50,000 for first time since 2021

HONG KONG: Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow...

Published 13 Feb, 2024 10:34am

Commodities

Japanese futures advance on buoyant Nikkei, softer yen

SINGAPORE: Japanese rubber futures rose on Tuesday, lifted by a strong Nikkei performance and a weaker yen, although...

Published 13 Feb, 2024 10:25am

Currency

Kiwi slips as rate-hike talk ebbs, Aussie struggles on mixed data

SYDNEY: The New Zealand dollar slipped on Tuesday after an easing in inflation expectations trimmed some of the bets...

Published 13 Feb, 2024 10:22am

Commodities

Soybeans and corn slip towards 3-year lows on plentiful supply

CANBERRA: Chicago soybean and corn futures fell on Tuesday and were near three-year lows, as forecast of rainfall in...

Published 13 Feb, 2024 10:19am

Stocks

Indian shares open higher tracking Asian peers

BENGALURU: Indian shares opened higher on Tuesday, tracking Asian peers ahead of a crucial U.S. inflation reading,...

Published 13 Feb, 2024 10:17am

Sports

Messi has ‘invitation’ to play for Argentina at Olympics: Mascherano

The door is open for Lionel Messi to play at this year’s Paris Olympics, Argentina’s under-23 manager Javier...

Published 13 Feb, 2024 10:14am

Stocks

Asia stocks nudge higher, dollar steady ahead of US inflation report

SINGAPORE: Asian stocks inched higher and the dollar held steady on Tuesday ahead of a key U.S. inflation report...

Published 13 Feb, 2024 10:09am

PM says IMF has no issue with sell-off process

Pakistan is continuing talks with the IMF, adds the caretaker PM

Updated 13 Feb, 2024 10:06am

Pakistan

Cellular network coverage: ECP attributes poll result delays to suspension

ISLAMABAD: Remaining under fire from public and political circles as well as international stakeholders over...

Updated 13 Feb, 2024 10:05am

Financial

India bond yields rise as traders cautious before US inflation data

MUMBAI: Indian government bond yields inched higher in early trade on Tuesday, as traders cut positions after data...

Published 13 Feb, 2024 10:03am

Currency

Indian rupee looks at US inflation to overcome ongoing ‘indecisiveness’

MUMBAI: The Indian rupee is poised to open nearly flat on Tuesday, ahead of U.S. inflation data that would help in...

Published 13 Feb, 2024 10:00am

Commodities

Copper muted in thin holiday trading; focus on US inflation data

NEW DELHI: Copper prices were little changed on Tuesday as the Chinese Lunar New Year holiday weighed on sentiment...

Published 13 Feb, 2024 09:58am

Commodities

Palm oil opens lower as market awaits January inventory data

NEW DELHI: Malaysian palm oil futures opened lower on Tuesday, despite higher soyoil prices on the Chicago Board of...

Published 13 Feb, 2024 09:55am

Stocks

MSCI raises Indian stocks’ weightage to record high in key index

BENGALURU: Index provider MSCI raised India’s weightage in its Global Standard index to an all-time high of 18.2% on...

Published 13 Feb, 2024 09:48am

Currency

Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant

SINGAPORE: The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead...

Published 13 Feb, 2024 09:43am

Proposed IRSA Act amendments: Ministers take opposite positions on CCI’s role

ISLAMABAD: The caretaker Minister for Water Resources and Planning has reportedly taken opposite positions on the...

Updated 13 Feb, 2024 09:28am

SOEs Act, 2023: Body formed to look into legal status of govt entities

ISLAMABAD: The Finance Ministry has constituted a committee on State-Owned Enterprises (SOEs) to look into matters...

Updated 13 Feb, 2024 09:28am

BR Research

Remittances amid higher emigration

Remittances to Pakistan for January 2024 were seen rising by 26 percent year-on-year and by less than a percent...

Published 13 Feb, 2024 09:07am

BR Research

Cement’s count down

No amount of mental gymnastics and premeditation can prepare an economy for the political uncertainty and mayhem...

Published 13 Feb, 2024 09:04am

BR Research

Tri-Pack Films Limited

Tri-Pack Films Limited (PSX: TRIPF) was established as a Public limited company in 1993. The company is a joint...

Published 13 Feb, 2024 09:01am

Business & Finance

H1 debt stocks jump 7.14pc to Rs65.188trn YoY

KARACHI: The federal government’s total debt (domestic and external) stocks rose over Rs 4 trillion during the first...

Updated 13 Feb, 2024 08:56am

PML-N, PPP wrangle over premiership

ISLAMABAD: Country’s two largest political parties were on Monday wrangling over who will be prime minister after an...

Updated 13 Feb, 2024 08:55am

Spot LNG: PD shares price forecast with gas utilities, NTDC and CPPA-G

ISLAMABAD: The Ministry of Energy (Petroleum Division) has shared price forecast for spot LNG with Sui gas...

Updated 13 Feb, 2024 08:55am

Pakistan

Judgement barring SJC: Govt’s intra-court appeal maintainable, rules apex court

ISLAMABAD: The Supreme Court held the federal government’s intra-court appeal (ICA) against its judgment barring the...

Updated 13 Feb, 2024 08:55am

BR’s refresher: your morning briefing for the day

Important updates from February 12, 2024

Published 13 Feb, 2024 08:49am

Opinion

Family-owned enterprises: a perspective

Behind the success of every small business is a family. This is largely true. “Behind the failure of most large...