News Archives for Latest - 2024-02-27

Pakistan

Operation Swift Retort anniversary: armed forces vow to respond to aggression ‘with full might’

Armed Forces of Pakistan, Chairman Joint Chiefs of Staff Committee and Services Chiefs commemorate fifth anniversary of Operation Swift Retort against India

Updated 28 Feb, 2024 12:16am

Middle East

Saudi Aramco signs supply agreements worth $6 billion

Saudi state oil company Aramco has signed procurement agreements worth $6 billion with local vendors, widening its...

Updated 28 Feb, 2024 12:16am

World

Hezbollah and Israel exchange fire as UN urges halt to violence

BEIRUT: Hezbollah and Israel exchanged fire on Tuesday following deadly Israeli strikes on east Lebanon a day...

Updated 27 Feb, 2024 11:45pm

Europe

Ukraine says Russia using disinformation to split West

KYIV: Ukraine accused Russia on Tuesday of waging a large-scale “disinformation” campaign to divide its Western...

Published 27 Feb, 2024 10:48pm

Stocks

KSE-100 snaps six-session rally after volatile trading

The Pakistan Stock Exchange (PSX) witnessed a volatile session on Tuesday as its benchmark KSE-100 Index closed in...

Updated 27 Feb, 2024 10:44pm

USA

Biden warns of ‘dire’ Ukraine fate in White House showdown

WASHINGTON: US President Joe Biden warned top congressional leaders Tuesday of the dire cost of failing to give...

Published 27 Feb, 2024 10:41pm

Business & Economy

Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo

KARACHI: Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more...

Updated 27 Feb, 2024 10:41pm

Business & Economy

Inflation to decline in February, could clock in at 23.5%: brokerage house

Consumer Price Index (CPI)-based inflation in Pakistan is expected to decline and could clock in at 23.5% on a...

Updated 27 Feb, 2024 10:40pm

Pakistan

Assemblies to be formed by February 29: ECP

Presidential polls mandatory within 30 days after general elections, says electoral watchdog

Updated 27 Feb, 2024 10:32pm

Pakistan

PTI nominates Malik Amir Dogar for National Assembly speaker slot

Pakistan Tehreek-e-Insaf (PTI) leader Omar Ayub announced on Tuesday that the party’s newly elected member from...

Updated 27 Feb, 2024 10:32pm

Pakistan

Imran Khan, Bushra Bibi indicted in £190m NAB reference

Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his wife Bushra Bibi have been indicted in a £190-million...

Updated 27 Feb, 2024 10:30pm

Europe

Kremlin warns of conflict with NATO if alliance troops fight in Ukraine

War in Ukraine has triggered worst crisis in Russia's relations with West since 1962 Cuban Missile Crisis and Russian President Vladimir Putin has previously warned of dangers of a direct confrontation between NATO and Russia

Updated 27 Feb, 2024 10:26pm

Europe

Ukraine's Zelensky in Saudi Arabia to discuss POW swaps

KYIV: Ukrainian President Volodymyr Zelensky on Tuesday said that he had arrived in Saudi Arabia to promote his...

Updated 27 Feb, 2024 10:13pm

Stocks

Profitability of KSE-100 companies jumps 51% in 2023: report

The profitability of KSE-100 Index grew 51% in 2023 to over Rs1.5 trillion on a year-on-year basis as banks and...

Updated 27 Feb, 2024 10:11pm

Movies & Music

Australian police investigate Taylor Swift’s dad over alleged assault

SYDNEY: Australian police are investigating claims Taylor Swift’s father – nicknamed “Papa Swift” by her adoring...

Published 27 Feb, 2024 09:03pm

Stocks

US stocks lower after durable goods data

NEW YORK: Wall Street stocks declined early Tuesday following a downbeat report on durable goods orders and mixed...

Published 27 Feb, 2024 08:42pm

Sports

Antony has character to bounce back at Man Utd, says Ten Hag

LONDON: Manchester United boss Erik ten Hag says under-performing Antony has the character to “fight back” based on...

Published 27 Feb, 2024 07:57pm

Companies

Sony to lay off 900 PlayStation employees, shut London studio

Japan’s Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday...

Published 27 Feb, 2024 07:55pm

South Asia

Modi says India’s first astronauts will inspire nation

NEW DELHI: Indian Prime Minister Narendra Modi on Tuesday toasted the four astronauts preparing for the nation’s...

Published 27 Feb, 2024 07:53pm

Europe

‘Urgent’ for G7 to jointly seize Russian profits for Ukraine: Yellen

SAO PAULO: US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 countries to jointly seize profits...

Published 27 Feb, 2024 07:50pm

Sports

Pochettino accepts Chelsea future ‘not in my hands’

LONDON: Mauricio Pochettino believes he still has the backing of Chelsea’s owners after defeat by Liverpool in the...

Published 27 Feb, 2024 07:48pm

Business & Economy

Pakistan’s rating likely to ‘be upgraded’ if govt’s external, liquidity risks reduce: Moody’s

Maintains Pakistan’s credit rating at Caa3 for long-term issuer rating, with a stable outlook

Updated 27 Feb, 2024 07:45pm

Pakistan

At least eight killed in KP’s Haripur bus crash

Rescue officials say the cause of the crash was overspeeding

Published 27 Feb, 2024 07:13pm

Pakistan

Murad Ali Shah takes oath as chief minister of Sindh

Pakistan Peoples Party’s (PPP) Syed Murad Ali Shah was sworn in as the chief minister of Sindh on Tuesday evening,...

Published 27 Feb, 2024 06:50pm

Stocks

Most Gulf markets gain as US inflation data eyed

Most stock markets in the Gulf ended higher on Tuesday as investors await key U.S. economic data due later in the...

Published 27 Feb, 2024 06:51pm

Middle East

UN says Israel ‘systematically’ blocking Gaza aid access

GENEVA: Israeli forces are “systematically” blocking access to people in need in Gaza, complicating the task of...

Published 27 Feb, 2024 06:49pm

Europe

Russia says captured Ukrainian village near Avdiivka

MOSCOW: Russian forces on Tuesday said they had captured another Ukrainian village as they seek to press their...

Published 27 Feb, 2024 06:45pm

Perspectives

Longer working hours, productivity: there is no correlation

We have a lot to thank the Industrial Revolution for including innovations, efficiency, and the infamous 9am-5pm...

Published 27 Feb, 2024 06:38pm

Forex

Rupee falls marginally against US dollar

Currency settles at 279.28 against US dollar in inter-bank market

Updated 27 Feb, 2024 06:06pm

Pakistan

Sunni Ittehad Council did not approach us to vote for its premiership candidate: Bilawal

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari said on Tuesday that the Sunni Ittehad Council (SIC) ...

Updated 27 Feb, 2024 05:59pm

Europe

Scholz rejects talk of sending troops to Ukraine from Europe, NATO

BERLIN: German Chancellor Olaf Scholz on Tuesday rejected the idea of European or NATO countries sending troops to...

Published 27 Feb, 2024 05:51pm

Middle East

Qatar pushing for Gaza ‘pause’ before Ramazan: foreign ministry

DOHA: Qatar is “hopeful” of a Gaza war ceasefire and is pushing for an agreement before Ramazan, its foreign...

Published 27 Feb, 2024 05:48pm

Arts

Vogue to host rare joint fashion show for Paris Olympics

PARIS: Fashion magazine Vogue announced Monday it is bringing together some of France’s top luxury brands for a...

Published 27 Feb, 2024 05:33pm

Stocks

Sri Lanka shares end higher on gains in consumer staples

CSE All-Share index settled 0.10% higher at 10,623.01

Published 27 Feb, 2024 05:03pm

Stocks

Zoom Video shares gain on strong results, $1.5bn buyback

Zoom Video Communications’ shares gained nearly 13% in premarket trading on Tuesday after the company delivered...

Published 27 Feb, 2024 05:00pm

Commodities

Gold prices remain largely stable in Pakistan

Gold rates witnessed a slight increase of Rs100 per tola in Pakistan as the yellow metal’s international rate edged...

Published 27 Feb, 2024 04:43pm

Companies

Puma aims to boost its brand in ‘challenging’ market

Puma expects a weak first half of the year in a challenging market, the German sportswear brand said on Tuesday, but...

Published 27 Feb, 2024 04:36pm

Energy

Oil prices steady as investors weigh up Gaza ceasefire signals

LONDON: Oil prices were largely stable on Tuesday, as investors weighed up signals of a Gaza ceasefire against the...

Updated 27 Feb, 2024 04:30pm

Stocks

IT leads rebound in Indian shares after lacklustre start

BENGALURU: Indian shares recovered from a lacklustre start and logged gains on Tuesday, led by a rebound in...

Published 27 Feb, 2024 04:28pm

Commodities

Copper edges up with focus on China’s upcoming NPC meeting, US data

LONDON: Copper prices in London rose for the first time in three sessions on Tuesday, on hopes that next week’s...

Published 27 Feb, 2024 04:24pm

Commodities

Palm ends higher on rival oils’ strength, traders await major conference

JAKARTA: Malaysian palm oil futures closed higher for a third straight session on Tuesday, tracking gains in rival...

Published 27 Feb, 2024 04:22pm

Stocks

Dubai to sell 25% stake in public parking business via IPO

Parkin, which expects to make its bourse debut next month, booked revenue of 779 million dirham ($212.1 million) in 2023

Published 27 Feb, 2024 03:37pm

Movies & Music

Eagles’ ‘Hotel California’ lyrics drama plays out in NY court

NEW YORK: The Eagles frontman Don Henley said Monday he was the victim of “extortion” as the trial began of three...

Published 27 Feb, 2024 03:03pm

Stocks

UK’s FTSE 100 flat as miners offset consumer staples

UK’s FTSE 100 was subdued on Tuesday as gains in miners and positive earnings updates were offset by losses in...

Published 27 Feb, 2024 02:44pm

Forex

Russian rouble up, bolstered by oil prices and upcoming tax payments

MOSCOW: The Russian rouble opened up on Tuesday, helped by stable oil prices and low demand for forex by exporters...

Published 27 Feb, 2024 02:39pm

Forex

South African rand firms against weaker dollar

JOHANNESBURG: South Africa’s rand was trading stronger early on Tuesday, in line with other emerging market...

Published 27 Feb, 2024 02:33pm

Stocks

European shares tick up on miners, earnings support

European shares moved slightly higher on Tuesday, led by gains in basic resources shares and upbeat earnings, while...

Published 27 Feb, 2024 02:25pm

Energy

OGDC’s profit jumps 30% in 1HFY24

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Published 27 Feb, 2024 02:22pm

Travel

Spain’s Seville plans to charge fee for visiting landmark square

MADRID: Tourists visiting the southern Spanish city of Seville may soon have to pay a fee to explore the wide,...

Published 27 Feb, 2024 02:12pm

South Asia

Rat on a plane sparks worries for Sri Lanka’s airline

COLOMBO: Sri Lanka’s national airline on Tuesday blamed a rat for grounding a plane for three days, sparking chaotic...

Published 27 Feb, 2024 12:52pm

Mutual Funds

JGB yields rise as Japan’s inflation data fuels caution on BOJ normalisation

TOKYO: Japanese government bond (JGB) yields rebounded on Tuesday after domestic inflation data surprised to the...

Published 27 Feb, 2024 12:40pm

Business & Finance

Turkiye centra bank net reserves fell some $6bn last week, bankers say

ANKARA: The Turkiye Central Bank’s net reserves decreased by around $6 billion last week to some $22.5 billion,...

Published 27 Feb, 2024 12:38pm

Sports

Andy Murray nets 500th career hard-court win

Three-time major champion Andy Murray from Great Britain won his 500th career hard-court match when he beat Canadian...

Published 27 Feb, 2024 12:36pm

Bullion Rate

Gold prices rise on softer dollar, focus on US inflation data

Gold prices edged up on Tuesday due to a softer dollar, as investors awaited a key US inflation report in a week...

Published 27 Feb, 2024 12:24pm

Forex

Sterling bulls take a breather, for now

LONDON: Speculators have trimmed their bullish positions in the pound for the first time in eight weeks, suggesting...

Published 27 Feb, 2024 12:22pm

Energy

Qatar’s new LNG expansion plans to squeeze out US, other rivals

LONDON: Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of...

Published 27 Feb, 2024 12:19pm

Europe

Ukraine says it destroys 11 Russia-launched drones, two missiles

Russia launched 13 attack drones and a barrage of missiles at Ukraine overnight, with air defence systems destroying...

Published 27 Feb, 2024 12:17pm

Sports

India unearth a ‘gem’ in Jurel to fill keeping void

NEW DELHI: A player-of-the-match award in only his second Test, plaudits from the pundits and even a “man crush”...

Published 27 Feb, 2024 12:14pm

Pakistan

ECP adjourns hearing Sunni Ittehad Council’s plea on reserved seats

The Election Commission of Pakistan (ECP) adjourned on Tuesday an open hearing on the Sunni Ittehad Council’s (SIC)...

Published 27 Feb, 2024 12:02pm

Europe

Russia bans gasoline exports for 6 months from March 1

MOSCOW: Russia on Tuesday announced a six-month ban on gasoline exports from March 1 to compensate for rising demand...

Published 27 Feb, 2024 11:59am

Business & Finance

India’s Apr-Jan steel imports at six-year high as China shipments surge

NEW DELHI: India’s steel imports touched a six-year high in the first 10 months of the fiscal year to March, led by...

Published 27 Feb, 2024 11:56am

Middle East

Joe Biden says Israel agrees to stop Gaza attacks for Ramadan as Hamas mulls draft truce proposal

DUBAI/WASHINGTON: US President Joe Biden said Israel has agreed to halt military activities in Gaza for the Muslim...

Published 27 Feb, 2024 11:40am

Europe

Emmanuel Macron announces steps to boost Ukraine, does not exclude troops

PARIS: French President Emmanuel Macron announced Monday new steps to boost Ukraine in its fight against the Russian...

Published 27 Feb, 2024 11:32am

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks started slightly up on Tuesday after US markets fell following record-setting gains last...

Published 27 Feb, 2024 11:30am

Business & Finance

Japan inflation falls to BOJ target of 2%

TOKYO: Japanese inflation slowed less than expected to two percent in January, data showed Tuesday, hitting the...

Published 27 Feb, 2024 11:29am

Sports

Five bright new talents who shone in India-England series

RANCHI: India beat England by five wickets in the fourth Test on Monday to take an unassailable 3-1 lead in the...

Published 27 Feb, 2024 11:28am

Energy

Chevron’s $53bn Hess buyout threatened by rival oil giants

NEW YORK: Chevron disclosed Monday that its proposed $53 billion acquisition of fellow American firm Hess could be...

Published 27 Feb, 2024 11:25am

Sports

US stunned 2-0 by Mexico in Gold Cup upset

LOS ANGELES: Mexico stunned the United States with only their second-ever victory over the four-time world champions...

Published 27 Feb, 2024 11:23am

Business & Finance

WTO braces for battles on fisheries, agriculture in UAE talks

ABU DHABI: The world’s trade ministers are set for tough negotiations on Tuesday at a WTO meeting in Abu Dhabi, with...

Published 27 Feb, 2024 11:21am

Nepra proposes ‘key’ structural changes in Discos

Issues its Performance Evaluation Report (PER), 2023 along with a comparison with the previous four years

Updated 27 Feb, 2024 11:06am

Stocks

Asia shares shaky, traders on guard as Japanese inflation tops forecast

SINGAPORE: Asian shares struggled to advance on Tuesday, with slightly warmer-than-expected Japanese inflation...

Published 27 Feb, 2024 11:03am

Movies & Music

What to watch this March: ‘Dune: Part Two’, ‘Spaceman’, ‘Maamla Legal Hai’

As we get ready to welcome Spring and the inevitable rise in temperature, there is a whole slew of offerings ready...

Published 27 Feb, 2024 11:00am

Middle East

Israeli forces kill three Palestinians in West Bank clashes, WAFA says

CAIRO: Three Palestinians were killed by Israeli forces in clashes in the occupied West Bank early on Tuesday, the...

Published 27 Feb, 2024 11:00am

Technology

Bitcoin breaks $57,000 as big buyers circle

SINGAPORE: Cryptocurrency bitcoin hit a two-year high above $57,000 in Asia trade on Tuesday on signs of heavy...

Published 27 Feb, 2024 10:56am

Forex

Indian rupee gains on buoyant inflows seen hurdled by month-end dollar demand

MUMBAI: The Indian rupee is likely to open little changed on Tuesday and while the currency may tick up during the...

Published 27 Feb, 2024 10:54am

Commodities

Palm rises on strength in rival oils

JAKARTA: Malaysian palm oil futures rose on Monday, tracking gains in rival oils in Chicago and Dalian markets. Palm...

Published 27 Feb, 2024 10:50am

Sports

Emotional Neil Wagner retires from international cricket

New Zealand paceman Neil Wagner called time on his 64-Test career on Tuesday, bowing out as the nation’s fifth...

Published 27 Feb, 2024 10:48am

Asia

Japan PM Kishida to discuss AI with Meta’s Zuckerberg on Tuesday, Fuji TV reports

TOKYO: Japan Prime Minister Fumio Kishida will meet Meta Platforms Chief Executive Mark Zuckerberg on Tuesday to...

Published 27 Feb, 2024 10:44am

USA

Volodymyr Zelenskiy says Black Sea grain corridor in doubt without US aid

NEW YORK: Ukraine’s President Volodymyr Zelenskiy said on Monday that without new US military aid his country would...

Published 27 Feb, 2024 10:39am

Business & Finance

Yellen says global economy remains resilient, lauds US as growth driver

SAO PAULO: Strong US economic growth has been a “key driver” of better than expected global growth, US Treasury...

Published 27 Feb, 2024 10:36am

World

New Zealand set to scrap world-first tobacco ban

WELLINGTON: New Zealand will repeal on Tuesday a world-first law banning tobacco sales for future generations, the...

Published 27 Feb, 2024 10:31am

Stocks

Indian shares tread water on profit booking, ahead of key economic data

BENGALURU: Indian shares were little changed on Tuesday, held back by bouts of profit-booking with the indexes near...

Published 27 Feb, 2024 10:16am

Mutual Funds

India bond yields flattish, investors eye state debt sale for cues

MUMBAI: Indian government bond yields were largely unchanged in the early session on Tuesday, with eyes on demand...

Published 27 Feb, 2024 10:14am

Stocks

China stocks rise, led by AI firms; Hong Kong slips as investors await policy moves

SHANGHAI: China stocks rose on Tuesday, with artificial intelligence (AI) firms leading the gains, helped by the AI...

Published 27 Feb, 2024 10:13am

Business & Finance

Malaysian ringgit undervalued, central bank says

KUALA LUMPUR: Malaysia’s central bank on Tuesday said the ringgit currency, which briefly hit a 26-year-low last...

Published 27 Feb, 2024 10:11am

Forex

China’s yuan steadies as investors await US inflation data

SHANGHAI: The yuan held steady against the dollar on Tuesday ahead of US economic data that will offer clues on the...

Published 27 Feb, 2024 10:09am

Commodities

Soybeans up 1% on short-covering, Brazil crop outlook

SINGAPORE: Chicago soybeans gained more ground on Tuesday, rising almost 1% as the market was supported by...

Published 27 Feb, 2024 10:07am

Sports

Man City’s Grealish must hit the ground running after injury return

Manchester City midfielder Jack Grealish must quickly find his rhythm upon his return from injury to force his way...

Published 27 Feb, 2024 10:06am

Stocks

Australian shares edge lower as investors focus on inflation data

Australian shares fell on Tuesday as investors braced for local and US inflation data due later this week, while...

Published 27 Feb, 2024 10:02am

Stocks

Japan’s Nikkei slips from record high as chip stocks lose ground

TOKYO: Japan’s Nikkei share average fell on Tuesday, slipping from a record high scaled earlier in the session, as...

Published 27 Feb, 2024 10:00am

Forex

Dollar droops before key data, bitcoin soars above $57,000

TOKYO: The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of US economic data that...

Published 27 Feb, 2024 09:57am

Pakistan

NA session summoned by Speaker

ISLAMABAD: The inaugural session of the 16th National Assembly will be held on February 29 under Article 91 (2) of...

Updated 27 Feb, 2024 09:46am

Pakistan

PPP assails President for not summoning NA session

ISLAMABAD: Pakistan Peoples Party (PPP) claimed that President Arif Alvi deviated from the process of the...

Updated 27 Feb, 2024 09:43am

Pakistan planning to implement carbon pricing mechanism: ADB

ISLAMABAD: Pakistan is planning to implement carbon pricing mechanism – a policy tool to lower greenhouse gas...

Updated 27 Feb, 2024 09:43am

New scheme for traders and retailers’ registration: Govt estimates about Rs500bn collection

ISLAMABAD: The government has estimated to collect nearly Rs500 billion from the new simplified scheme for...

Updated 27 Feb, 2024 09:42am

Rs7 per unit increase in January FCA for Discos notified

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has notified a National Average Uniform increase of...

Updated 27 Feb, 2024 09:42am

Gwadar transmission line: Iranian firm interested in execution of phase I contract accord

ISLAMABAD: Iranian firm M/s Sunir has shown interest in execution of second part of Gwadar transmission line phase...

Updated 27 Feb, 2024 09:05am

Budget of LCIA: GOP’s foreign counsel seeks increase in fee of £350,000

ISLAMABAD: The Government of Pakistan’s foreign counsel for arbitration at London Court of International Arbitration...

Updated 27 Feb, 2024 09:04am

Solar projects’ setup in southern Punjab: PPIB ready to facilitate Saudi company

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has shown willingness to facilitate Saudi company M/s...

Updated 27 Feb, 2024 09:03am

FBR’s restructuring report to be submitted to IHC on 28th

ISLAMABAD: The Federal Board of Revenue (FBR) will submit a report on the FBR’s restructuring on February 28...

Updated 27 Feb, 2024 09:03am

Mubarak Ahmed Sani case: SC seeks help of religious institutions

ISLAMABAD: The Supreme Court sought the help of religious institutions in Mubarak Ahmed Sani case, and directed the...

Updated 27 Feb, 2024 09:02am

BR’s refresher: your morning briefing for the day

Important updates from February 26, 2024

Published 27 Feb, 2024 09:01am

BR Research

HBL rakes in record profits

Pakistan arguably had its toughest year in 2023 in terms of macroeconomic situation. The country’s largest...

Published 27 Feb, 2024 08:57am

BR Research

PPL in 1HFY24

Pakistan Petroleum Limited (PSX: PPL) recently announced its financial performance for 1HFY24 with a growth of 41...

Published 27 Feb, 2024 08:55am

BR Research

Biafo Industries Limited

Biafo Industries Limited (PSX: BIFO) was incorporated in Pakistan as a public limited company in 1988 and started...

Published 27 Feb, 2024 08:53am

Opinion

Federal govt’s TSA—A big step in the right direction

A Treasury Single Account (TSA) system reflects stronger internal controls over cash flows into and out of a...