News Archives for Latest - 2024-02-22

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Archive - 2024-02-22

World

UK, Germany back Dutch PM Mark Rutte as next NATO chief

LONDON: Britain and Germany on Thursday threw their weight behind Dutch Prime Minister Mark Rutte to become NATO's...

Published 22 Feb, 2024 11:56pm

World

Israeli forces withdraw from Gaza's Nasser hospital, enclave's health ministry says

CAIRO: Israeli forces withdrew from Gaza's Nasser Medical Complex on Thursday, a week after raiding it, the...

Published 22 Feb, 2024 10:51pm

South Asia

Taliban authorities execute two convicted murderers in football stadium

GHAZNI: Taliban authorities publicly executed two men convicted of murder in a football stadium in eastern...

Updated 22 Feb, 2024 10:47pm

Europe

Putin reacts with sarcasm to Biden's 'SOB' remark

MOSCOW: Russian President Vladimir Putin gave a sarcastic response on Thursday when asked to comment on US...

Published 22 Feb, 2024 10:39pm

Currency

Rupee sees marginal improvement against US dollar

Currency settles at 279.33 in inter-bank market

Updated 22 Feb, 2024 10:37pm

Europe

Latvia parliament bans food imports from Russia, Belarus

RIGA: Latvia's parliament on Thursday banned the import of food products from Russia and Belarus, including via...

Published 22 Feb, 2024 10:31pm

Forex

SBP-held foreign exchange reserves decrease $44mn, now stand at $8.01bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $44 million on a weekly basis,...

Updated 22 Feb, 2024 10:31pm

Pakistan

Imran Khan to write letter to IMF about ‘election rigging’, says Barrister Ali Zafar

Such organisations work in countries where there is good governance and democracy and for that free and fair polls are must, says PTI leader

Updated 22 Feb, 2024 10:30pm

World

Canadian sentenced to life in prison for 'terrorist' murders of Muslim family

OTTAWA: A white supremacist committed terrorism when he ran down a Muslim family out for an evening stroll, a...

Published 22 Feb, 2024 10:26pm

Pakistan

Ex-Rawalpindi commissioner withdraws poll rigging allegations, blames PTI for press conference

Former Rawalpindi commissioner Liaqat Ali Chatha on Thursday withdrew allegations of election rigging he had made in...

Published 22 Feb, 2024 09:22pm

Europe

Russia’s Lavrov meets Turkish counterpart at Brazil G20

Russian Foreign Ministry spokeswoman Maria Zakharova on Thursday published on her channel on the Telegram messenger...

Published 22 Feb, 2024 08:45pm

Pakistan

PTI to hold intra-party polls on March 3

Pakistan Tehreek-e-Insaf (PTI) on Thursday announced to hold fresh intra-party elections on March 3 (Sunday). The...

Published 22 Feb, 2024 08:24pm

Stocks

Strong Nvidia results boost US stocks

NEW YORK: Wall Street stocks jumped early Thursday following strong Nvidia results, shrugging off a series of...

Published 22 Feb, 2024 08:14pm

Stocks

KSE-100 closes 355 points higher after range-bound trading

The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Thursday as its benchmark KSE-100 Index closed...

Published 22 Feb, 2024 07:45pm

Europe

UK announces new sanctions against Russia over Ukraine war

LONDON: The UK announced more than 50 new sanctions against Russia on Thursday to mark the second anniversary of...

Published 22 Feb, 2024 07:32pm

Pakistan

Barrister Ali Zafar to run for PTI chairman in intra-party polls, says Gohar

Pakistan Tehreek-e-Insaf (PTI) leader Barrister Gohar Ali Khan said on Thursday that senior party leader Barrister...

Updated 22 Feb, 2024 06:16pm

South Asia

China asks World Court to speak out on ‘unlawful’ Israeli occupation

AMSTERDAM: China asked the International Court of Justice (ICJ) on Thursday to give its opinion on Israel’s...

Published 22 Feb, 2024 05:16pm

South Asia

Drifting with purpose: sports car enthusiasts rally in Afghanistan

KABUL: Mechanic Zabiullah Momand revs his sports car engine outside his garage in Afghanistan’s capital Kabul before...

Published 22 Feb, 2024 05:10pm

Commodities

Asia rice: Tight supplies, improved demand push India rates to fresh records

Rates of parboiled rice exported from top hub India climbed to fresh record highs this week on limited supplies and...

Published 22 Feb, 2024 05:09pm

USA

In Michigan, Arab American voters vow to ‘punish’ Biden

DEARBORN: It’s common to hear residents chatting in Arabic just as often as English in this Detroit suburb’s stores...

Published 22 Feb, 2024 05:00pm

Energy

Oil rises on softer dollar, shipping attack

LONDON: Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near...

Updated 22 Feb, 2024 04:56pm

Stocks

Sri Lankan shares end higher as industrials boost

CSE All Share index settled up 0.06% at 10,655.35

Published 22 Feb, 2024 04:54pm

Currency

Indian rupee ends at over 5-month high, tracking Asian peers, foreign fund inflows

MUMBAI: The Indian rupee closed at its strongest level in more than five months on Thursday, aided by an uptick in...

Published 22 Feb, 2024 04:44pm

Middle East

Israel launches air strikes on Gaza’s Rafah as truce talks under way

GAZA STRIP: Israel launched air strikes Thursday on southern Gaza’s Rafah after threatening to send troops into the...

Updated 22 Feb, 2024 04:43pm

Bullion Rate

Gold price per tola increases Rs100 in Pakistan

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

Published 22 Feb, 2024 04:42pm

Movies & Music

‘Wonka’ star Chalamet braves desert dystopia in ‘Dune 2’

PARIS: ‘Wonka’ star Timothee Chalamet transforms into a desert warrior chief in the second film of the blockbuster...

Published 22 Feb, 2024 04:41pm

Commodities

Palm ends lower on profit taking, lack of fresh buying

JAKARTA: Malaysian palm oil futures closed down on Thursday, weighed down by profit taking, weakness in export...

Published 22 Feb, 2024 04:40pm

Stocks

IT lifts India’s Nifty 50 to a record close in volatile trade

BENGALURU: Indian shares shrugged off losses to end higher in a volatile session on Thursday, led by a rebound in...

Published 22 Feb, 2024 04:34pm

Pakistan

Punjab Assembly session to be held on Friday to swear-in newly elected members

Punjab Assembly will be first house convening its opening session since general elections

Published 22 Feb, 2024 04:32pm

Europe

Russia to bite off much more of Ukraine, Putin ally Medvedev says

MOSCOW: Russian troops will go much further into Ukraine, taking the southern city of Odesa and may even one day...

Published 22 Feb, 2024 04:29pm

Luxury

Ambani wedding: guests receive wardrobe instructions, chartered flight guidelines

Another Ambani wedding is on the horizon, and this time it is Anant Ambani – the youngest son of Indian billionaire...

Published 22 Feb, 2024 04:18pm

Money & Banking

ECB reports record loss for 2023 as rate hikes bite

FRANKFURT: The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were...

Published 22 Feb, 2024 04:24pm

Money & Banking

Turkish central bank keeps policy rate unchanged as expected

ISTANBUL: Turkiye’s central bank left its key interest rate steady at 45% on Thursday as expected after last month’s...

Published 22 Feb, 2024 04:18pm

Next govt to implement FBR reforms, says chairman

FBR will complete groundwork for reforms and submit it to the next government

Updated 22 Feb, 2024 04:13pm

Companies

Indus Motor Company to invest Rs3bn ‘for additional localization’ of parts, components

In a key development for the country’s auto sector, Indus Motor Company Limited (INDU) announced that its board has...

Updated 22 Feb, 2024 03:36pm

Money & Banking

NBP’s profit surges by 72%, clocks in at Rs53.3bn in 2023

National Bank of Pakistan (NBP), one of the country’s largest commercial banks, registered a profit-after-tax (PAT)...

Published 22 Feb, 2024 02:48pm

Europe

Brussels Airlines to restart flights to Israel

BRUSSELS: Brussels Airlines said on Thursday that it will restart flights to Israel from March 24. Like many other...

Published 22 Feb, 2024 02:42pm

Stocks

Europe’s STOXX 600 hits all-time high on technology boost

Europe’s STOXX 600 index advanced on Thursday to scale an all-time high, boosted by technology stocks after an...

Published 22 Feb, 2024 02:02pm

Arts

Vatican restorers set to work on St Peter’s centrepiece

VATICAN CITY: The giant bronze-and-wood canopy in the middle of St Peter’s Basilica is being gradually engulfed by...

Published 22 Feb, 2024 02:00pm

Stocks

London equities tracks global markets higher, AstraZeneca falls

UK shares gained on Thursday, lifted by a flurry of positive corporate updates and the global wave triggered by...

Published 22 Feb, 2024 01:59pm

Europe

Kremlin says Biden calling Putin a ‘crazy SOB’ debases the US

MOSCOW: The Kremlin said on Thursday a remark by Joe Biden calling Russian President Vladimir Putin a “crazy SOB”...

Published 22 Feb, 2024 01:54pm

Asia

Thai PM plans visa-free travel, concerts to boost tourism

BANGKOK: Thailand’s Prime Minister Srettha Thavisin said on Thursday his government plans to roll out more measures...

Updated 22 Feb, 2024 12:59pm

Sports

Man Utd’s Shaw could miss rest of season

MANCHESTER: Manchester United left-back Luke Shaw’s season could be over after he suffered a significant hamstring...

Published 22 Feb, 2024 12:51pm

Sports

Xavi confident of Barca getting past Napoli after ‘undeserved’ draw

NAPLES: Xavi is optimistic of Barcelona reaching the quarter-finals of the Champions League despite watching his...

Published 22 Feb, 2024 12:49pm

Stocks

Asian markets climb, Tokyo hits record after US tech gains

HONG KONG: Asian markets were mostly up on Thursday, with Tokyo’s benchmark index posting a record high, after...

Published 22 Feb, 2024 12:24pm

Asia

Two dead after cargo ship hits bridge in southern China

BEIJING: Two people were killed and three others remained missing after an empty cargo ship struck a bridge in...

Published 22 Feb, 2024 12:21pm

Business & Finance

Nestle says net profits up 20.9 percent last year

ZURICH: Food giant Nestle Thursday said net profits last year rose 20.9 percent to 11.2 billion Swiss francs ($12.7...

Published 22 Feb, 2024 12:11pm

Stocks

Australian shares inch lower as banks offset commodity gains

Australian shares traded marginally lower on Thursday, as losses in banks countered gains in commodity stocks, while...

Published 22 Feb, 2024 12:08pm

USA

US candidate Haley sides with court ruling that embryos are babies

Republican presidential candidate Nikki Haley said on Wednesday that she believed frozen embryos created through...

Published 22 Feb, 2024 11:54am

Forex

Australian dollar retreats from resistance, nears 8-month trough on kiwi

SYDNEY: The Australian dollar recoiled from a key hurdle against its US counterpart on Thursday and hovered near an...

Published 22 Feb, 2024 11:38am

Companies

Indus Motor posts 89% higher profit of Rs4.96bn in 1HFY24

Indus Motor Company (IMC) reported on Thursday a profit of Rs4.96 billion for the half-year ended December 31, 2023,...

Published 22 Feb, 2024 11:30am

Forex

Indian rupee to rise tracking Asia FX; importers, RBI curb upside

MUMBAI: The Indian rupee will open higher on Thursday, tracking most Asian peers on upbeat risk, following which it...

Published 22 Feb, 2024 11:30am

Business & Finance

Indonesia 2023 current account deficit at 0.1% of GDP

JAKARTA: Indonesia’s current account swung to a deficit in 2023 on shrinking merchandise exports due to a slowing...

Published 22 Feb, 2024 11:05am

Commodities

Palm falls on weaker rival oils in Dalian and Chicago

JAKARTA: Malaysian palm oil futures fell on Thursday, underpinned by the losses in rival oils in Dalian and Chicago...

Published 22 Feb, 2024 11:02am

Commodities

Dalian iron ore extends fall to fourth day on China demand concerns

BEIJING: Dalian iron ore futures extended their fall to a fourth straight session on Thursday amid concerns over...

Published 22 Feb, 2024 11:01am

Sports

Lionel Messi and Inter Miami beat Real Salt Lake 2-0 in MLS season opener

Lionel Messi assisted a first half goal by Robert Taylor and Inter Miami weathered a second half storm from Real...

Published 22 Feb, 2024 11:00am

Companies

Airbus says Qantas A350 delivery delays due to need to redesign extra fuel tank

SINGAPORE/SYDNEY: Airbus faces delays in introducing an ultra-long-range version of its A350-1000 jet designed for...

Published 22 Feb, 2024 10:50am

Commodities

Shanghai nickel at 3-week high as potential sanctions on Russia lift supply fears

BEIJING: Shanghai nickel prices jumped more than 2% on Thursday to a three-week high as traders assessed concerns...

Published 22 Feb, 2024 10:48am

Technology

Google to make Pixel smartphones in India by next quarter, Nikkei reports

Alphabet Inc’s Google has told suppliers to start making its Pixel smartphones in India by next quarter at the...

Published 22 Feb, 2024 10:47am

Stocks

Indian shares off to muted start

BENGALURU: Indian shares were muted at open on Thursday, weighed by financials and energy stocks, while Asian peers...

Published 22 Feb, 2024 10:46am

Bullion Rate

Gold firms as softer dollar, Middle East tensions lend support

Gold prices edged higher on Thursday, buoyed by a weaker dollar and escalating tensions in the Middle East, while...

Published 22 Feb, 2024 10:45am

Business & Finance

Thailand car production drops 12% y/y in Jan as local sales slow

BANGKOK: Car production in Thailand fell 12.46% in January from a year earlier to 142,102 units as domestic sales...

Published 22 Feb, 2024 10:44am

BR Research

Fertilizer gas pricing: myopic approach to have long-term repercussions

The unstoppable growth of circular debt has forced the federal government to increase prices and comply with the...

Updated 22 Feb, 2024 10:29am

Stocks

Japan’s Nikkei share average crosses all-time high, breaking 1989 record

TOKYO: Japan’s benchmark Nikkei share average hit an all-time high on Thursday, breaking levels last seen in 1989...

Published 22 Feb, 2024 10:20am

Commodities

Bearish investors push US corn to lowest level since November 2020

CANBERRA: Chicago corn futures fell on Thursday to their lowest level since November 2020 as speculators bet on...

Published 22 Feb, 2024 10:10am

Stocks

China stocks jump with AI shares leading on Nvidia forecast; HK shares flat

SHANGHAI: Chinese stocks rose on Thursday, led by artificial intelligence (AI) shares after US chipmaker Nvidia’s...

Published 22 Feb, 2024 10:08am

Companies

TotalEnergies Texas refinery running at minimal rates, say sources

HOUSTON: TotalEnergies’ 238,000-barrel-per-day (bpd) refinery in Port Arthur, Texas, is operating at minimal...

Published 22 Feb, 2024 10:07am

Technology

China’s Lenovo posts Q3 revenue growth, beats analyst estimates

HONG KONG: China’s Lenovo Group , the world’s largest maker of personal computers, on Thursday reported...

Published 22 Feb, 2024 10:06am

Mutual Funds

India bond yields little changed, focus on central bank minutes

MUMBAI: Indian government bond yields were flattish in early session on Thursday, as focus was on the minutes of...

Published 22 Feb, 2024 10:03am

Business & Finance

BOJ’s Ueda says central bank will guide policy with eye on rising trend inflation

TOKYO: Bank of Japan (BOJ) Governor Kazuo Ueda said on Thursday the central bank will guide monetary policy...

Published 22 Feb, 2024 10:02am

Forex

Dollar rangebound, an array of PMI data awaited

SINGAPORE: The dollar held broadly steady on Thursday as traders awaited a slew of business activity surveys to...

Published 22 Feb, 2024 10:01am

Foreign-funded projects: EAD seeks budget/revised estimates

Economic Affairs Division holds meeting to review hydropower and transmission line projects which are reportedly facing rupee cover issues

Updated 22 Feb, 2024 09:54am

SC throws out plea seeking election annulment

ISLAMABAD: The Supreme Court disposed of Ali Khan’s petition seeking to declare the general elections 2024 null and...

Updated 22 Feb, 2024 09:53am

Govt bans hiring of consultants without prior clearance

ISLAMABAD: The federal government has put a bar on ministries/divisions on hiring of consultants without seeking...

Updated 22 Feb, 2024 09:52am

MoF refuses to release Rs70bn KE TDS due to non-reconciliation

ISLAMABAD: Ministry of Finance (MoF) has reportedly refused to release Rs70 billion K-Electric Tariff Differential...

Updated 22 Feb, 2024 09:50am

PPIB to review hydropower project progress tomorrow

ISLAMABAD: The Private Power Infrastructure Board (PPIB) has convened a meeting on Friday (tomorrow) to review...

Updated 22 Feb, 2024 09:50am

Agreement with US: PM optimistic about salt export boost prospects

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has expressed the hope that subsequent to the signing of the...

Updated 22 Feb, 2024 09:49am

Hike in prices of 146 essential drugs notified

ISLAMABAD: The caretaker government on Wednesday notified an increase in prices of 146 essential drugs in line with...

Updated 22 Feb, 2024 09:15am

PML-N negotiates terms with other parties

ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) has geared up efforts for making the next coalition government in...

Updated 22 Feb, 2024 09:13am

Pakistan

JIT to probe ‘campaign’ against ECP, govt officials

ISLAMABAD: The government has formed a joint investigation team (JIT) for probing into the ongoing malicious...

Updated 22 Feb, 2024 09:12am

Tax on windfall income case: FBR decides to engage legal counsel

KARACHI: In a significant development, the Federal Board of Revenue (FBR) has decided to engage legal counsel to...

Updated 22 Feb, 2024 09:12am

BR’s refresher: your morning briefing for the day

Important updates from February 21,2024

Published 22 Feb, 2024 09:09am

BR Research

FDI – the worst isn’t over yet!

It is no exaggeration that political and economic instability scares away the investors – be it local or foreign....

Published 22 Feb, 2024 08:38am

BR Research

Johnsons & Phillips (Pakistan) Limited

Johnsons & Phillips (Pakistan) Limited (PSX: JOPP) was incorporated in Pakistan as a public limited company in...

Published 22 Feb, 2024 08:35am

Opinion

Transformative reforms for post-election Pakistan

Following the general election on 8th February 2024, the incoming government is poised to navigate a challenging...