News Archives for Latest - 2024-02-14

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Pakistan

PHC strikes down legislation to tax immovable property

The Peshawar High Court (PHC) on Wednesday struck down an “impugned” legislation that imposed taxes on immovable...

Published 14 Feb, 2024 11:37pm

World

Israel says it approves Starlink services in Gaza field hospital

JERUSALEM: The Israeli government said on Wednesday it has approved the use of Starlink satellite services in a...

Published 14 Feb, 2024 11:08pm

Pakistan

Nawaz Sharif has not quit politics, will lead his govts in Centre, Punjab: Maryam

Says in the next five years Nawaz will actively participate in politics

Updated 14 Feb, 2024 10:30pm

Stocks

Bulls hail ‘progress on govt formation’, KSE-100 up over 1.5%

Positive sentiment driven by some clarity on the political front, says expert

Updated 14 Feb, 2024 10:29pm

Europe

Macron tells Netanyahu Gaza operations must ‘cease’, death toll ‘intolerable’

Israel's relentless bombardment and ground aggression in Gaza has killed at least 28,576 people, mostly women and children

Published 14 Feb, 2024 10:09pm

Commodities

Gold price per tola falls Rs3,500 in Pakistan

Gold prices decreased in Pakistan on Wednesday in line with decline in the international rate. The yellow metal was...

Updated 14 Feb, 2024 10:03pm

Pakistan

Elections 2024: voter turnout at 47.6%, 60.6mn people exercised right to vote on Feb 8, says FAFEN

Unlike 2018 elections, none of the National or Provincial Assemblies’ constituencies recorded female turnout less than 10% of total polled votes

Published 14 Feb, 2024 09:51pm

Europe

Russia's high inflation persists in January data

MOSCOW: Inflation in Russia held at elevated levels in January, data published Wednesday showed, as soaring...

Published 14 Feb, 2024 09:40pm

Energy

APTMA urges govt to end unproductive cross-subsidies

The All Pakistan Textile Mills Association (APTMA), which represents the largest industrial sector of Pakistan, has...

Updated 14 Feb, 2024 09:28pm

Pakistan

Maulana Fazlur Rehman rejects election results, refuses to join govt

Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman on Wednesday rejected the results of the February 8...

Updated 14 Feb, 2024 09:00pm

Sports

PCB releases PSL 9 anthem featuring Ali Zafar, Aima Baig

The Pakistan Cricket Board (PCB) on Wednesday officially launched the anthem for Pakistan Super League (PSL) season...

Updated 14 Feb, 2024 08:59pm

Energy

Oil holds firm on OPEC demand forecast and U.S. fuel stocks

LONDON: Oil prices edged higher on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from...

Updated 14 Feb, 2024 08:54pm

Middle East

Israeli strikes on Lebanon kill four including two children, say security sources

BEIRUT: A barrage of Israeli strikes on villages across southern Lebanon on Wednesday killed four people and wounded...

Published 14 Feb, 2024 08:35pm

Technology

Over 130 illegal personal loan apps blocked: SECP

The Securities and Exchange Commission of Pakistan (SECP) has so far blocked 132 illegal apps to safeguard the...

Published 14 Feb, 2024 08:25pm

Middle East

Gaza hospitals ‘completely overwhelmed’: WHO

GENEVA: The World Health Organization lamented Wednesday that fewer than half of its requested aid-delivery missions...

Published 14 Feb, 2024 06:51pm

Forex

Rupee remains stable against US dollar

Currency settles at 279.32 in inter-bank market

Updated 14 Feb, 2024 06:37pm

Europe

Erdogan on first Egypt visit in decade with Gaza in focus

CAIRO/ANKARA: Turkish President Tayyip Erdogan made his first visit to Egypt since 2012 on Wednesday to meet...

Published 14 Feb, 2024 06:28pm

Stocks

Indian shares recover from weak start; PSU banks lead recovery

BENGALURU: Indian shares rebounded in the final two hours of trade on Wednesday, led by a jump in public sector...

Published 14 Feb, 2024 06:18pm

Energy

HUBCO’s earnings up 17% in 2QFY24

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit increase by...

Updated 14 Feb, 2024 06:11pm

Senate panel to consider Deposit Protection Corp bill today

ISLAMABAD: A meeting of the Senate Standing Committee on Finance has been convened today (Wednesday) to consider and...

Updated 14 Feb, 2024 05:37pm

Commodities

Copper slips on interest rate worries

LONDON: Copper prices drifted lower on Wednesday as speculators stepped up selling on the back of U.S. inflation...

Published 14 Feb, 2024 05:16pm

Life & Style

Local in focus: 5 confectioners on our radar

Whether its Valentine’s day, or just a regular Monday, Pakistan’s confectionary game has been drawing plenty...

Published 14 Feb, 2024 04:03pm

Sports

Afghanistan bat first in third ODI against Sri Lanka

KANDY: Afghanistan opted to bat first in the third and final one-day international against Sri Lanka at Pallekele on...

Published 14 Feb, 2024 03:17pm

Sports

Ben Stokes says no blame game after ‘anxious’ Ahmed visa wait

RAJKOT: England skipper Ben Stokes said Wednesday that teenage spinner Rehan Ahmed had taken his visa scare in...

Published 14 Feb, 2024 03:04pm

Stocks

Major Gulf markets gain in early trade

Major stock markets in the Gulf edged higher in early trade on Wednesday, even as hotter-than-expected US inflation...

Published 14 Feb, 2024 02:59pm

Asia

Indonesia’s Prabowo on track for single-round victory, unofficial counts show

JAKARTA: Indonesian presidential contender Prabowo Subianto, a former special forces commander, on Wednesday...

Published 14 Feb, 2024 02:57pm

Business & Finance

ECB needs ‘some time’ before cutting rates: de Guindos

FRANKFURT: Euro zone inflation appears to be heading back to 2% but plenty more data is needed before the European...

Published 14 Feb, 2024 02:55pm

Commodities

Japan to seek 60,000 tons of feed wheat and 20,000 tons barley via tender

TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) said on Wednesday that it will seek 60,000...

Published 14 Feb, 2024 02:53pm

Energy

BP and ADNOC to form gas joint venture in Egypt

DUBAI: Global oil major BP and state-owned Abu Dhabi National Oil Company will form a joint venture in Egypt that...

Published 14 Feb, 2024 02:51pm

Forex

Kenyan shilling gains further from Eurobond sentiment boost

NAIROBI: The Kenyan shilling hit its highest level this year for the second day running on Wednesday as the prospect...

Published 14 Feb, 2024 02:49pm

Energy

Shell expects 50% rise in global LNG demand by 2040

LONDON/SINGAPORE: Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as...

Published 14 Feb, 2024 02:46pm

Stocks

European shares rise as soft UK inflation boosts sentiment

European shares edged higher on Wednesday as a softer-than-expected UK inflation boosted hopes of imminent...

Published 14 Feb, 2024 02:44pm

Mutual Funds

Germany’s bund yield edges back from 2-1/2 month peak

LONDON: Germany’s 10-year bond yield slipped back from a 2-1/2 month high reached the day before after...

Published 14 Feb, 2024 02:42pm

Life & Style

Better than roses: Thai couples marry on elephants for Valentine’s Day

CHONBURI, Thailand: Reflecting Thailand’s long association with the majestic beasts, couples riding elephants...

Published 14 Feb, 2024 02:32pm

Sports

tapmad scores big: secures multi-year rights, diverse content lineup

In a positive development, tapmad, Pakistan’s leading OTT platform, has solidified its position as the home of...

Published 14 Feb, 2024 02:18pm

Middle East

Hamas heads to Cairo truce talks as Rafah braces for Israeli assault

GAZA STRIP: Negotiations to pause the Israel-Hamas war and free the remaining hostages headed into a second day in...

Updated 14 Feb, 2024 01:44pm

Business & Finance

UK inflation holds at 4.0 percent in January: data

LONDON: Britain’s annual inflation rate remained unchanged in January from the previous month, confounding...

Published 14 Feb, 2024 01:13pm

Forex

Russian rouble eases towards 91.5 vs dollar

MOSCOW: The Russian rouble eased towards 91.5 to the dollar on Wednesday, remaining in the relatively narrow band it...

Published 14 Feb, 2024 01:06pm

Forex

South African rand firms ahead of retail sales

JOHANNESBURG: The South African rand firmed in early trade on Wednesday ahead of December retail sales figures,...

Published 14 Feb, 2024 01:03pm

Commodities

Soybeans drop to 3-year low as firmer dollar dents US competitiveness

CANBERRA: Chicago soybean futures fell to a three-year low on Wednesday due to plentiful supply and a strengthening...

Published 14 Feb, 2024 12:33pm

Commodities

Malaysian palm oil futures edge up on lower inventories

NEW DELHI: Malaysian palm oil futures edged up on Wednesday, extending gains from the previous session, as a...

Updated 14 Feb, 2024 12:30pm

South Asia

Iran’s main gas pipeline hit by probable sabotage, state media report

DUBAI: Two points on Iran’s main gas pipeline network were hit by blasts early on Wednesday, state media reported,...

Published 14 Feb, 2024 12:29pm

Technology

Sony Q3 profit beats consensus, targets 2025 listing for financial business

TOKYO: Sony’s operating profit jumped 10% in the third quarter, beating estimates, buoyed by the strength of its...

Published 14 Feb, 2024 12:27pm

Business & Finance

Norway GDP grows at slightly faster than expected pace in Q4

OSLO: The Norwegian mainland economy grew at a slightly faster pace than economists had expected in the fourth...

Published 14 Feb, 2024 12:20pm

Forex

Sterling falls after milder UK inflation numbers

LONDON: Sterling dipped on Wednesday after data showed UK inflation did not accelerate in January as expected,...

Published 14 Feb, 2024 12:16pm

Sports

Man City cruise towards Champions League quarters in Copenhagen

COPENHAGEN: Manchester City closed in on the Champions League quarter-finals with a dominant display to beat FC...

Published 14 Feb, 2024 11:53am

Sports

‘A mistake’: Leipzig rue disallowed goal in Madrid loss

LEIPZIG: Leipzig were left to rue a controversial disallowed goal in Tuesday’s 1-0 home loss to Real Madrid in their...

Published 14 Feb, 2024 11:51am

Europe

NATO to showcase spending rise in riposte to Trump

BRUSSELS: NATO chief Jens Stoltenberg will on Wednesday detail increased defence spending by members of the...

Published 14 Feb, 2024 11:46am

Sports

Ben Stokes to join England’s 100 Test club

RAJKOT: Star all-rounder Ben Stokes is set to become the 16th England cricketer to appear in 100 Tests, against...

Published 14 Feb, 2024 11:42am

Asia

North Korea fires several cruise missiles off east coast

SEOUL: North Korea fired several cruise missiles off its east coast on Wednesday, Seoul’s military said, the latest...

Published 14 Feb, 2024 11:37am

World

Storms knock out power to 174,000 homes in Australia

MELBOURNE: Storms packing powerful winds toppled trees, killed one person and knocked out power to 174,000 homes and...

Published 14 Feb, 2024 11:25am

Sports

Dane Piedt grabs five wickets as South Africa take second Test lead

HAMILTON: Recalled South African spinner Dane Piedt claimed five New Zealand wickets Wednesday to give the...

Published 14 Feb, 2024 11:20am

Forex

Australia, NZ dollars tumble as hot US inflation forces rate cut rethink

SYDNEY: The Australian and New Zealand dollars took a beating on Wednesday and bonds were hammered after US...

Published 14 Feb, 2024 11:01am

Sports

Trent Boult returns for NZ T20 series against Australia

Trent Boult was named in the New Zealand squad for part of the upcoming Twenty20 series against Australia on...

Published 14 Feb, 2024 10:58am

Energy

Red Sea, Russian refinery attacks tighten Asia naphtha supplies

NEW DELHI: Prices of naphtha, a key petrochemical feed stock, have jumped in Asia as drone attacks on Russian...

Published 14 Feb, 2024 10:54am

Asia

Indonesians vote to replace Jokowi, floods disrupt some polling

JAKARTA: Indonesians started voting on Wednesday in areas across the archipelago in an election headlined by the...

Published 14 Feb, 2024 10:48am

Stocks

Australian shares fall sharply in broad selloff; CBA slips on HY profit drop

Australian shares fell nearly 1.5% on Wednesday, led by gold and banking stocks in a broad-based selloff after hot...

Published 14 Feb, 2024 10:42am

South Asia

Protesting farmers clash with security forces 200km from New Delhi

NEW DELHI: Protesting farmers who were attempting to reach the capital New Delhi clashed with security forces for a...

Published 14 Feb, 2024 10:39am

Europe

Russia downs 9 Ukraine-launched drones, RIA agency reports

Russia’s air defence systems destroyed nine Ukraine-launched drones over Russia’s Belgorod and Voronezh regions, as...

Published 14 Feb, 2024 10:24am

Business & Finance

Australia’s biggest bank warns of economic downside as profit dips

SYDNEY: Commonwealth Bank of Australia on Wednesday warned of downside economic risks building in Australia from...

Published 14 Feb, 2024 10:21am

Pakistan

PDM 2.0 coalition govt in the offing?

ISLAMABAD: Former allies including Pakistan Muslim League-Nawaz (PML-N), Pakistan Peoples Party (PPP), Muttahida...

Updated 14 Feb, 2024 10:21am

USA

Democrat Suozzi wins US House election in New York, eroding Republican majority

NEW YORK: Democratic former congressman Tom Suozzi won a special election in New York on Tuesday, Edison Research...

Published 14 Feb, 2024 10:19am

Stocks

Hong Kong stocks nudge higher in return from Lunar New Year holidays

Hong Kong stocks inched higher on Wednesday in a volatile session after returning from the Lunar New Year holidays,...

Published 14 Feb, 2024 10:13am

Asia

Japan PM Kishida plans South Korea visit on March 20, Fuji TV reports

TOKYO: Japan’s Prime Minister Fumio Kishida is considering visiting South Korea on March 20, broadcaster Fuji TV...

Published 14 Feb, 2024 10:10am

Establishment of EPZ on PSM land by federal govt: Sindh govt concurs with SIFC

Ministry of Industries and Production to start work on establishment of EPZ at the allocated land

Updated 14 Feb, 2024 10:08am

Bullion Rate

Gold struggles below $2,000/Oz as Fed cut bets trimmed

Gold languished near a two-month low on Wednesday, trading below the key $2,000 per-ounce level, after a...

Published 14 Feb, 2024 10:08am

Forex

Dollar reigns supreme as hot CPI cools bets for Fed cuts

TOKYO: The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first...

Published 14 Feb, 2024 10:06am

Technology

China’s BYD plans new electric vehicle plant in Mexico, says Nikkei

China’s BYD Co Ltd will set up a new electric vehicle (EV) factory in Mexico, Nikkei reported on Wednesday, citing...

Published 14 Feb, 2024 10:01am

Stocks

Asia stocks edge down; dollar rides Treasury yields higher

SINGAPORE: Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields...

Published 14 Feb, 2024 09:57am

Diesel price likely to soar, petrol may stay unchanged

ISLAMABAD: The interim government may raise the price of high-speed diesel (HSD) by Rs8 per litre; however, keep the...

Updated 14 Feb, 2024 09:54am

Mutual Funds

India bond yields seen rising as US peers jump after inflation uptick

MUMBAI: Indian government bond yields are expected to climb on Wednesday, with the benchmark bond yield set to test...

Published 14 Feb, 2024 09:54am

Forex

Indian rupee to weaken after Fed rate cut bets pushed to June

MUMBAI: The Indian rupee is poised to decline on Wednesday after US inflation data moderated less than expected,...

Published 14 Feb, 2024 09:51am

Taxes

Scooties for kids: 20pc customs duty imposed

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) has imposed 20 percent customs...

Updated 14 Feb, 2024 09:50am

Stocks

Japan’s Nikkei slips from 34-year high after Wall Street sell-off

TOKYO: Japan’s Nikkei share average retreated from a 34-year high on Wednesday, weighed by Wall Street’s sharp...

Published 14 Feb, 2024 09:46am

Stocks

Indian shares open lower as hot US inflation spurs rate worries

BENGALURU: Indian shares opened lower on Wednesday, tracking Asian peers after hotter-than-expected US inflation...

Published 14 Feb, 2024 09:43am

Energy

IMF rejection of CD, tariff strategy: MoF’s ‘half-hearted’ support cited as the reason

ISLAMABAD: The Finance Ministry’s half-hearted support may have been a reason behind the IMF rejection of the...

Published 14 Feb, 2024 09:20am

MSCI Main Frontier Market Index: Three additions notified for Pakistan

KARACHI: The MSCI has released an update on its Quarterly Index Review, notifying three additions for Pakistan in...

Updated 14 Feb, 2024 09:37am

ECC approves Rs7.492bn Ramazan package

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs7.492 billion Ramazan package to...

Updated 14 Feb, 2024 09:35am

PIA, Discos’ sell-off plans: Fawad may be requested to continue as minister

ISLAMABAD: Minister for Privatisation, Fawad Hasan Fawad may be requested to continue as privatization minister to...

Updated 14 Feb, 2024 09:34am

PTI says will form govts at Centre, in KP, Punjab

ISLAMABAD: As per the instructions of jailed PTI founding chairman Imran Khan, Pakistan Tehreek-e-Insaf (PTI) on...

Updated 14 Feb, 2024 08:59am

Pakistan

IK nominates Gandapur for KP CM’s slot

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder and former prime minister said that Ali Amin Gandapur has been...

Updated 14 Feb, 2024 08:59am

Cat-III projects: PPIB asks KE to submit investment plan for Nepra’s nod

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has asked K-Electric to submit an interim investment plan...

Updated 14 Feb, 2024 08:58am

ECC may approve increase in gas prices today

ISLAMABAD: The Economic Coordination Committee (ECC) is likely to approve increase in natural gas prices on...

Updated 14 Feb, 2024 08:57am

BR Research

IMF and PDM 2.0

The new government will likely be formed under a PDM set up. Chances are that without public support, economic...

Published 14 Feb, 2024 08:49am

BR Research

Allied Bank: Record profits

Allied Bank Limited (ABL) posted its yearly financial results for CY23, declaring a final cash dividend of Rs4/share...

Published 14 Feb, 2024 08:47am

BR Research

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (PSX: ACPL) was incorporated in Pakistan as a public limited company in 1981. The...

Published 14 Feb, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from February 13, 2024

Published 14 Feb, 2024 08:32am

Opinion

Future tech: promise against poverty

Do you anticipate the technological landscape changing significantly, in ways that are currently unpredictable, by...