News Archives for Latest - 2024-02-15

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Energy

MoU signed on consortium formation for White Oil Pipeline project

ISLAMABAD: A signing ceremony of MoU between the stakeholders on Consortium Formation for Machike-Thallian-Tarujabba...

Updated 16 Feb, 2024 01:35pm

World

Hezbollah fires rockets at northern Israel in reprisal for deadly day

BEIRUT: Hezbollah said on Thursday it fired dozens of rockets at a northern Israeli town in a “preliminary response”...

Published 15 Feb, 2024 10:57pm

Pakistan

Chaudhry Shujaat Hussain meets Chaudhry Parvez Elahi in Adiala jail

Pakistan Muslim League-Quaid (PML-Q) Chief Chaudhry Shujaat Hussain and his son Chaudhry Salik Hussain on Thursday...

Updated 15 Feb, 2024 10:52pm

Forex

Rupee falls marginally against US dollar

Currency settles at 279.38 in inter-bank market

Updated 15 Feb, 2024 10:49pm

World

Gaza doctors measure children for malnutrition

RAFAH: Medical workers held strips of plastic around the upper arms of small children in a Rafah tent, measuring the...

Published 15 Feb, 2024 10:47pm

Forex

SBP-held foreign exchange reserves increase $13mn, now stand at $8.05bn

Total liquid foreign reserves held by the country stand at $13.15 billion

Updated 15 Feb, 2024 10:43pm

Money & Banking

Meezan Bank’s profit up nearly 91% in 2023

Meezan Bank, the country’s largest Islamic bank, posted earnings of Rs86.02 billion for calendar year 2023, up...

Updated 15 Feb, 2024 10:42pm

Pakistan

Arrest warrant issued for PTI’s Ali Amin Gandapur

The Azad Jammu & Kashmir Election Commission has issued an arrest warrant for Pakistan Tehreek-e-Insaf (PTI)...

Updated 15 Feb, 2024 10:32pm

Pakistan

US calls formation of coalition govt Pakistan's 'internal matter'

Spokesman for the State Department says in parliamentary systems, when no party secures a majority, it is common to witness the formation of coalitions

Updated 15 Feb, 2024 10:31pm

Pakistan

PTI calls for countrywide protests on Saturday against ‘poll rigging’

Party nominates Mian Aslam Iqbal for Punjab CM's slot

Updated 15 Feb, 2024 10:31pm

Energy

PSO suffers hefty loss of Rs10.4bn in 2QFY24

Pakistan State Oil Company Limited (PSO) posted consolidated losses to the tune of Rs10.43 billion in the second...

Updated 15 Feb, 2024 09:36pm

Stocks

Negative sentiment returns to PSX as KSE-100 loses over 1,100 points

Rising political volatility took a toll on the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 lost over 1.8%...

Updated 15 Feb, 2024 09:36pm

Pakistan

Imran Khan names Omar Ayub as PTI’s PM nominee

The Pakistan Tehreek-e-Insaf (PTI) announced on Thursday that party’s secretary general Omar Ayub will be its...

Updated 15 Feb, 2024 09:35pm

Markets

CCP allows Lucky Cement, Fatima Fertilizer to acquire 67% stake in National Resources

The Competition Commission of Pakistan (CCP) has granted approval to two mergers in the mining of copper and...

Published 15 Feb, 2024 08:37pm

Perspectives

Reimagining Pakistan’s academic pedagogy

In a world driven by knowledge and innovation, the importance of a competitive education system cannot be overstated...

Published 15 Feb, 2024 07:42pm

Sports

Mohammad Hafeez steps down as Pakistan team director

Mohammad Hafeez has stepped down as Director Pakistan men’s cricket team following an administrative change within...

Updated 15 Feb, 2024 07:38pm

Sports

PCB terminates Haris Rauf’s central contract

Pakistan Cricket Board (PCB) on Thursday terminated fast bowler Haris Rauf’s central contract, following a probe...

Updated 15 Feb, 2024 07:37pm

World

Election impact on Reko Diq project: Barrick CEO says civil servants leading discussions are the same

Bristow says company 'doesn't get involved' in politics

Published 15 Feb, 2024 07:34pm

Bullion Rate

Gold price per tola increases Rs300 in Pakistan

Gold prices increased in Pakistan on Thursday in line with increase in the international rate. The yellow metal was...

Published 15 Feb, 2024 07:09pm

Commodities

Copper ticks up on softer dollar, solid fundamentals

LONDON: Copper prices rose on Thursday as the U.S. dollar eased and on the back of stable manufacturing demand from...

Published 15 Feb, 2024 06:39pm

Middle East

Top Israeli ministers reject Palestinian statehood as part of post war plan

JERUSALEM: Top ministers in Prime Minister Benjamin Netanyahu’s government rejected Palestinian statehood on...

Published 15 Feb, 2024 06:19pm

Technology

Nokia and Dell agree partnership on private 5G, cloud networks

LONDON: Nokia and Dell Technologies have agreed a partnership to help deploy so-called private 5G networks and adapt...

Published 15 Feb, 2024 06:08pm

Technology

Microsoft to invest 3.2bn euros in Germany in AI push

BERLIN: U.S. software giant Microsoft will invest 3.2 billion euros ($3.44 billion) in Germany in the next two years...

Updated 15 Feb, 2024 06:07pm

Middle East

Dubai’s DIFC attracts broader range of new tenants

DUBAI: The Dubai International Financial Centre (DIFC) saw 34% growth in new registrations last year, helped by...

Published 15 Feb, 2024 06:00pm

Arts

Before dawn at the Vatican Museums, the key keeper unlocks history

VATICAN CITY: It’s still dark outside when Gianni Crea pushes open the imposing entrance door to the Vatican...

Published 15 Feb, 2024 05:53pm

Europe

Macron, Zelensky to sign security deal in Paris Friday

PARIS: French President Emmanuel Macron and Ukrainian leader Volodymyr Zelensky plan to sign a bilateral security...

Published 15 Feb, 2024 05:53pm

South Asia

Thailand to offer medical coverage for tourists

BANGKOK: Thailand has launched a scheme to offer visitors up to $14,000 in medical coverage in the event of an...

Published 15 Feb, 2024 05:46pm

Europe

Attack on Russia’s Belgorod kills five, governor says

MOSCOW: An air attack on the Russian city of Belgorod killed at least five people and wounded 18 others on Thursday,...

Published 15 Feb, 2024 05:39pm

Energy

Oil demand growth slowing as non-OPEC supply expands, says IEA

LONDON: Global oil demand growth is losing momentum, the International Energy Agency (IEA) said on Thursday as it...

Updated 15 Feb, 2024 05:27pm

South Asia

Death toll from Philippine landslide rises to 92, search continues

MANILA: The death toll from a landslide in the southern Philippines has risen to 92 as the search for missing people...

Published 15 Feb, 2024 05:18pm

Markets

ECB’s Lagarde hopes to join economists’ ‘tribe’ she criticised

FRANKFURT: European Central Bank Christine Lagarde said on Thursday she hoped to join the “tribe” of professional...

Published 15 Feb, 2024 05:14pm

Stocks

Indian shares extend gains, led by public sector banks, energy

BENGALURU: Indian shares advanced on Thursday, led by a rally in energy and public sector banks, and supported by a...

Published 15 Feb, 2024 04:57pm

Stocks

Sri Lankan shares end higher as consumer staples, financials gain

BENGALURU: Sri Lankan shares closed higher on Thursday, driven by gains in consumer staples and financial stocks....

Published 15 Feb, 2024 04:55pm

Commodities

Palm oil drops on falling Malaysian exports, weak soyoil

MUMBAI: Malaysian palm oil futures dropped on Thursday, weighed down by weakness in rival Chicago soyoil, a sharp...

Published 15 Feb, 2024 04:53pm

Commodities

Asia rice: India rates steady at record highs, Vietnam activity picks up

Rates of parboiled rice exported from India held record high levels hit this week even as demand was subdued from...

Published 15 Feb, 2024 04:50pm

South Asia

Indian opposition’s Sonia Gandhi to skip elections, but not politics

NEW DELHI: Sonia Gandhi, one of the most prominent leaders of India’s main opposition Congress party, will not...

Published 15 Feb, 2024 03:39pm

Sports

Rohit Sharma hits century to propel India in third England Test

RAJKOT: Skipper Rohit Sharma hit a gritty unbeaten century as India eyed a big total in the third Test against...

Updated 15 Feb, 2024 03:09pm

Technology

Google set to open Paris AI research hub

PARIS: US tech giant Google was set Thursday to open an AI research hub in Paris, the French government said, part...

Published 15 Feb, 2024 03:07pm

Europe

Ukraine’s Zelensky to visit Germany, France on Friday

KYIV: Ukrainian President Volodymyr Zelensky will travel to Germany and France on Friday for meetings with leaders...

Published 15 Feb, 2024 03:06pm

Movies & Music

‘Bridgerton’ returns for new season and new romance

LONDON: The cast of ‘Bridgerton’ offered fans a sneak peak of its third season on Wednesday, sharing a glimpse of...

Published 15 Feb, 2024 02:02pm

Stocks

Most major Gulf bourses gain on strong earnings

Major stock markets in the Gulf rose in early trade on Thursday following a slew of upbeat corporate earnings,...

Published 15 Feb, 2024 02:01pm

Business & Finance

ECB to maintain bond portfolio in new framework: Lagarde

FRANKFURT: The European Central Bank will shrink its balance sheet in coming years but will likely maintain a bond...

Published 15 Feb, 2024 01:59pm

South Asia

India’s top court strikes down anonymous election funding scheme

NEW DELHI: India’s top court on Thursday struck down a scheme that allowed anonymous political donations in the form...

Published 15 Feb, 2024 01:54pm

Sports

Centurion Bedingham ‘confident’ Proteas can level New Zealand series

HAMILTON: South Africa’s David Bedingham scored a maiden century on Thursday and then said he was “very confident”...

Updated 15 Feb, 2024 01:51pm

Middle East

At least 5 family members dead in Israeli strike in south Lebanon

BEIRUT: At least five family members were killed in an Israeli strike in south Lebanon, official media said Thursday...

Published 15 Feb, 2024 01:50pm

Movies & Music

Snoop Dogg to bring a new take to NBC’s Olympics coverage

PASADENA, California: Rapper Snoop Dogg, who is returning to NBC’s Olympics coverage this summer with a higher...

Published 15 Feb, 2024 01:50pm

Stocks

European stocks open higher despite UK recession

LONDON: Europe’s stock markets opened on the front foot on Thursday after gains elsewhere, despite news that the UK...

Published 15 Feb, 2024 01:45pm

Forex

Russian rouble weakens against US dollar

MOSCOW: The Russian rouble weakened against the dollar on Thursday, sliding past the 91.5 mark and hovering near its...

Published 15 Feb, 2024 01:35pm

Stocks

London stocks rise as shrinking economy fuels rate-cut hopes

UK equities gained on Thursday, buoyed by a fall in yield on government bonds after latest economic data showed the...

Published 15 Feb, 2024 01:34pm

Commodities

Japan buys 115,035 metric tons of food wheat via tender

TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) bought a total of 115,035 metric tons of...

Published 15 Feb, 2024 01:32pm

Technology

Starlink satellites approved for use in Israel and Gaza

OCCUPIED JERUSALEM: The Israeli government has approved the use of Elon Musk’s Starlink satellite internet services...

Published 15 Feb, 2024 01:29pm

Business & Finance

Argentina’s annual inflation soars above 250% in January

BUENOS AIRES: Argentina’s monthly inflation slowed slightly in January, but the prices of key goods and services...

Published 15 Feb, 2024 01:26pm

Business & Finance

Singapore economy grew 1.1% in 2023, data shows

SINGAPORE: Singapore’s economy grew less than expected last year, the government said Thursday as it warned...

Published 15 Feb, 2024 01:24pm

Stocks

Hong Kong stocks retreat at open

HONG KONG: Hong Kong opened slightly lower Thursday morning following the previous day’s healthy gains, with traders...

Published 15 Feb, 2024 01:23pm

Asia

Bangkok says work from home as pollution blankets city

BANGKOK: Bangkok city employees have been told to work from home to avoid harmful air pollution, as a layer of...

Published 15 Feb, 2024 12:57pm

Sports

Jurgen Klinsmann fate as coach in balance as South Korean FA meets

SEOUL: Jurgen Klinsmann’s fate as coach topped the agenda as South Korean football bosses met Thursday, a day after...

Published 15 Feb, 2024 12:43pm

Europe

Putin says prefers more ‘predictable’ Biden over Trump

MOSCOW: Russian President Vladimir Putin described US counterpart Joe Biden on Wednesday as more “predictable” than...

Published 15 Feb, 2024 12:39pm

Asia

China’s top diplomat to visit Germany, France, Spain in coming days

BEIJING: China’s top diplomat Wang Yi will visit Germany for the Munich Security Conference then travel to Spain and...

Published 15 Feb, 2024 12:19pm

Moody’s speaks of elevated political uncertainty

Prolonged delays in formation of govt will increase policy and political uncertainty at a time when it faces very challenging macroeconomic conditions

Updated 15 Feb, 2024 11:56am

Middle East

Israel vows action against Hamas in Rafah amid global calls for restraint

CAIRO/OCCUPIED JERUSALEM: Israel will press ahead with an offensive against Hamas in Rafah, the last refuge for...

Updated 15 Feb, 2024 11:53am

Europe

Ukraine placed under air alert after Russian bomber warning

KYIV: Ukraine was under a nationwide air alert for over two hours on Thursday after the military warned that a group...

Published 15 Feb, 2024 11:20am

Companies

Airbus posts 11 percent drop in net profit for 2023

TOULOUSE: European aircraft manufacturer Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion...

Published 15 Feb, 2024 11:07am

Asia

Indonesian markets cheer after Prabowo claims victory

SINGAPORE: Indonesian markets got off to a strong start on Thursday after Defence Minister Prabowo Subianto declared...

Published 15 Feb, 2024 11:06am

Bullion Rate

Gold near two-month low as traders wary of US rate cut prospects

Gold prices held near a two-month low on Thursday, as traders assessed US Federal Reserve officials’ mixed remarks...

Published 15 Feb, 2024 10:57am

Middle East

Canada, Australia, NZ call for immediate ceasefire in Gaza ahead of Rafah assault

SYDNEY: The leaders of Canada, Australia and New Zealand on Thursday called for an immediate humanitarian ceasefire...

Published 15 Feb, 2024 10:50am

Business & Finance

Japan unexpectedly slips into recession, Germany now world’s third-biggest economy

TOKYO: Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s...

Published 15 Feb, 2024 10:42am

Stocks

Asian stocks rise, dollar eases as markets weigh US rate outlook

SINGAPORE: Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a...

Published 15 Feb, 2024 09:59am

Taxes

Board of Revenue Sindh notifies e-registration in registrar offices in Karachi

The Board of Revenue, Sindh, has issued a notification of e-registration in terms of Section 6 (2) of the Sindh...

Published 15 Feb, 2024 09:59am

Stocks

Australia shares rise on boost from banking stocks

Australian shares rebounded on Thursday after three straight sessions, lifted by banking shares, while investors...

Published 15 Feb, 2024 09:57am

Commodities

Palm oil falls as traders assess weak soyoil, crude oil prices

MUMBAI: Malaysian palm oil futures dropped in early trade on Thursday, weighed down by weakness in rival Chicago...

Published 15 Feb, 2024 09:55am

Stocks

Japan’s Nikkei pushes to fresh 34-year peak as chip shares climb

TOKYO: Japan’s Nikkei share average rallied to the highest level in 34 years on Thursday, as chip-related shares...

Published 15 Feb, 2024 09:52am

FTO decides Rs17.742bn refund claims in 2023

ISLAMABAD: The Federal Tax Ombudsman (FTO) has addressed the grievances of the taxpayers by processing 8,963 cases...

Updated 15 Feb, 2024 09:51am

Stocks

Indian shares set to open higher

BENGALURU: Indian shares are set to open higher on Thursday, tracking a rebound in Asian and US peers after...

Published 15 Feb, 2024 09:50am

Senators criticise ‘unbearable’ rise in energy tariffs

ISLAMABAD: The members of the Senate Standing Committee on Finance on Wednesday vehemently criticised what they...

Updated 15 Feb, 2024 09:48am

Govt securities: federal govt borrows less than target

KARACHI: The federal government on Wednesday borrowed less than the target through the sale of long-term government...

Updated 15 Feb, 2024 09:48am

Fixed broadband services: PTA all set to transition to OFC infrastructure

ISLAMABAD: Pakistan Telecommunication Authority (PTA) is all set to transition from legacy copper-based networks to...

Updated 15 Feb, 2024 09:47am

Forex

Dollar pauses as traders digest Fed comments; yen steady despite GDP surprise

TOKYO: The US dollar held below a three-month high on Thursday, as market players tried to gauge when the Federal...

Published 15 Feb, 2024 09:46am

Govt shares in FWBL likely to be sold to UAE

ISLAMABAD: The government is likely to sell GoP shares in First Women Bank Limited (FWBL) to United Arab Emirates...

Updated 15 Feb, 2024 09:33am

Nepra irked by Discos’ dismal performance

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday expressed serious disappointment at...

Updated 15 Feb, 2024 09:33am

BR Research

Oil price: Firm for now

After a relative calm of six days, things have started to heat up again in and around the Red Sea – offering bullish...

Published 15 Feb, 2024 08:43am

Rescheduling loans: PALSP told to talk with SBP, Finance Division

ISLAMABAD: An Inter-Ministerial Meeting has asked Pakistan Association of Large Steel Producers (PALSP) to take up...

Updated 15 Feb, 2024 08:43am

Textile exporters blame govt for ‘economic disaster’

KARACHI: The interim rule has again drawn severe criticism for “intruding” into the economic matters that left the...

Updated 15 Feb, 2024 08:42am

Hike in gas prices approved by ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved an increase in gas prices effective...

Updated 15 Feb, 2024 08:42am

BR’s refresher: your morning briefing for the day

Important updates from February 14, 2024

Published 15 Feb, 2024 08:41am

BR Research

Keeping up with Kohat

That construction across the industry is significantly constrained is not quite reflecting in the financial...

Published 15 Feb, 2024 08:32am

BR Research

Pakistan Oilfields Limited

The Attock Oil Company Limited (AOC) subsidiary Pakistan Oilfields Limited (PSX: POL) is involved in the...

Published 15 Feb, 2024 08:29am

Pakistan

Immoveable property: PHC strikes down Sec 7E of Income Tax Ordinance

ISLAMABAD: The Peshawar High Court (PHC) has declared that Section 7E of the Income Tax Ordinance, 2001, which...

Updated 15 Feb, 2024 06:04am

Opinion

Mr Market’s periscope

Mr Market knows best, goes the old saying, so perhaps its best to look at the wild swings at the stock exchange to...