News Archives for Latest - 2024-03-04

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Archive - 2024-03-04

Pakistan

PM Shehbaz asks authorities to 'immediately engage' IMF regarding Extended Fund Facility

Premier directs authorities concerned to prepare an action plan on an emergency basis to revive the national economy

Published 04 Mar, 2024 11:46pm

Arts

‘Global cultural hub’: Art Dubai draws to a close

London-based Grosvenor Gallery cites interest in Pakistani art as 'robust'

Updated 04 Mar, 2024 11:15pm

World

Belgium sends transporter to drop aid into Gaza

MELSBROEK: Belgium on Monday sent a military transport plane to join an international operation to drop aid in...

Published 04 Mar, 2024 11:08pm

Movies & Music

‘Barbenheimer’ mania fuels U.S. gambling on the Oscars

LOS ANGELES: After a summer face-off at the box office, the “Barbenheimer” battle is headed to online gambling sites...

Published 04 Mar, 2024 10:13pm

Sports

Shanaka guides Sri Lanka to dramatic T20 win over Bangladesh

SYLHET: Dasun Shanaka held his nerve under pressure to take two wickets in the final over, snatching a dramatic...

Updated 04 Mar, 2024 10:07pm

Pakistan

NLC facilitates movement of Chinese vehicle amid heavy snowfall

RAWALPINDI: Amidst heavy snowfall and inclement weather conditions, the National Logistics Corporation (NLC)...

Updated 04 Mar, 2024 09:49pm

USA

US Supreme Court rules Trump can stay on Colorado primary ballot

WASHINGTON: The US Supreme Court on Monday removed a potential hurdle to Donald Trump’s bid to recapture the White...

Updated 04 Mar, 2024 09:34pm

Business & Economy

Pakistan's international bonds rally after Shehbaz Sharif elected as PM

LONDON: Pakistan’s international bonds extended their recent rally on Monday after the country’s newly formed...

Updated 04 Mar, 2024 09:34pm

Pakistan

ECP decides against allocating reserved seats to Sunni Ittehad Council

Electoral watchdog announces verdict with 4-1 majority

Updated 04 Mar, 2024 09:31pm

Cotton & Textile

Cotton arrival inches up in last two weeks of February

Cotton arrival in Sindh remains largely unchanged, shows PCGA data

Updated 04 Mar, 2024 09:19pm

Stocks

KSE-100 settles near 66,000 as bulls hail govt formation developments

Experts say easing political situation in the country is driving positive sentiment at PSX

Updated 04 Mar, 2024 09:16pm

Pakistan

Shehbaz Sharif takes oath as 24th PM of Pakistan

President Dr Arif Alvi administers oath

Updated 04 Mar, 2024 09:15pm

Money & Banking

KIBOR falls after ‘lower-than-expected’ inflation reading

The Karachi Interbank Offered Rate (KIBOR) dropped notably following the release of Consumer Price Index (CPI)-based...

Updated 04 Mar, 2024 09:04pm

Middle East

Diplomacy the ‘only way’ to end Israel-Hezbollah clashes: US envoy

BEIRUT: A US envoy said Monday that a diplomatic solution was key to ending nearly five months of intensifying...

Published 04 Mar, 2024 08:34pm

Pakistan

ECP accepts nominations for Asif Zardari, Mahmood Achakzai for presidential election

The Election Commission of Pakistan (ECP) on Monday accepted the nomination papers of Asif Ali Zardari and Mahmood...

Published 04 Mar, 2024 08:30pm

Europe

Ukraine says not received over $17bn from fundraisers

KYIV: Ukraine said Monday that it had not seen the 16 billion euros ($17.4 billion) in proceeds from two donor...

Published 04 Mar, 2024 08:29pm

Stocks

US stocks open lower, retreating from records

NEW YORK: Wall Street stocks dipped in early trading Monday at the start of a heavy week of economic news that...

Published 04 Mar, 2024 08:26pm

Markets

PBC calls for ‘5-year’ IMF programme in letter to lender

PBC believes front loading of targets by IMF stems from the relatively short-term programmes

Updated 04 Mar, 2024 08:02pm

Forex

Rupee sustains losses against US dollar

Currency settles at 279.26 against US dollar in inter-bank market

Updated 04 Mar, 2024 08:01pm

Sports

Man Utd face uphill task to reach Champions League, admits Fernandes

LONDON: Bruno Fernandes admits it will be tough for misfiring Manchester United to qualify for the Champions League...

Published 04 Mar, 2024 06:57pm

Sports

Mbappe tension overshadows PSG’s crunch Champions League date

PARIS: Paris Saint-Germain’s preparations for Tuesday’s Champions League last-16 second leg away to Real Sociedad...

Published 04 Mar, 2024 06:54pm

Companies

KIA decreases Sportage prices in Pakistan

Low demand, competition from Corolla Cross seen as reasons for decrease in price

Published 04 Mar, 2024 05:57pm

Technology

Apple hit with over 1.8bn euro EU antitrust fine in Spotify case

BRUSSELS: Apple was hit with an EU antitrust fine of over 1.8 billion euros ($1.95 billion) on Monday, its first...

Published 04 Mar, 2024 05:56pm

Cotton & Textile

Pakistan’s textile exports up 20% YoY in February, clock in at $1.41bn

Exports of Pakistan’s textile sector showed notable growth in February, clocking in at $1.41 billion compared to...

Updated 04 Mar, 2024 05:47pm

Energy

Oil inches lower amid profit taking on OPEC+ cut extension

LONDON: Oil prices drifted lower on Monday as traders indulged in some profit taking a day after the widely expected...

Updated 04 Mar, 2024 05:46pm

Stocks

Sri Lanka shares end higher as financials gain

CSE All-Share index settled 1.07% higher at 10,805.23

Published 04 Mar, 2024 05:43pm

Europe

Tusk urges EU sanctions on food imports from Russia, Belarus

VILNIUS: Polish Prime Minister Donald Tusk on Monday called on the European Union to impose “full” sanctions on food...

Published 04 Mar, 2024 05:29pm

Money & Banking

Bank Makramah’s loss increases to Rs5.3bn in 2023

Bank Makramah Limited (BML), formerly known as Summit Bank Limited, posted losses to the tune of Rs5.33 billion in...

Published 04 Mar, 2024 05:00pm

Companies

India’s Tata Motors plans to demerge business into two separate companies

BENGALURU: Indian automaker Tata Motors plans to demerge into two separate listed companies to refine focus on the...

Published 04 Mar, 2024 04:46pm

Stocks

Energy helps Indian shares inch up to record close for third session

BENGALURU: Indian shares logged modest gains on Monday, marking a third straight session of record highs, helped by...

Published 04 Mar, 2024 04:39pm

Commodities

Copper gains capped by persistent demand concerns

LONDON: Copper prices rose to one-week highs on Monday ahead of a key political meeting in China which could pave...

Published 04 Mar, 2024 04:37pm

Commodities

Palm oil dips on stronger ringgit, prospects of lower India purchases

SINGAPORE: Malaysian palm oil futures dropped for a second straight session on Monday amid a stronger ringgit and...

Published 04 Mar, 2024 04:35pm

Literature

Philippine ‘library home’ stacked with books to inspire reading

MANILA: ‘A good book is easy to find’ reads the sign on Hernando Guanlao’s two-storey home located on the outskirts...

Published 04 Mar, 2024 04:23pm

Pakistan

Our opposition will be constructive, not destructive, says PTI’s Gohar Khan on NA floor

PPP's Bilawal endorses PM Shehbaz Sharif's Charter of Reconciliation

Updated 04 Mar, 2024 03:39pm

Sports

Australia’s Cummins to captain Hyderabad in IPL

NEW DELHI: Australia’s Pat Cummins will captain Indian Premier League team Sunrisers Hyderabad in the upcoming...

Published 04 Mar, 2024 03:29pm

Forex

Kenyan shilling steady, seen gaining as banks unwind positions

NAIROBI: The Kenyan shilling was unchanged on Monday, but traders said it was expected to strengthen due to banks...

Published 04 Mar, 2024 03:25pm

Stocks

European shares muted ahead of ECB meeting

European shares started the week on a subdued tone as investors remained cautious ahead of European Central Bank’s...

Published 04 Mar, 2024 03:23pm

Stocks

London stocks muted in run-up to budget; BP gains on Jefferies’ upgrade

UK shares edged lower on Monday as investors were cautious ahead of the domestic budget later this week, although...

Published 04 Mar, 2024 03:17pm

Europe

Erdogan and Abbas to discuss delivering aid to Gaza, Turkiye source says

ANKARA: President Tayyip Erdogan is set to discuss Turkiye efforts to deliver humanitarian aid to Gaza with...

Published 04 Mar, 2024 03:15pm

Technology

Bitcoin bursts above $65,000, record high comes into view

LONDON/SINGAPORE: Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it...

Updated 04 Mar, 2024 03:10pm

South Asia

Indian farmers plan to enter New Delhi to intensify protests

MUMBAI: Indian farmers are planning to escalate their protests from Wednesday by entering the capital New Delhi by...

Published 04 Mar, 2024 03:08pm

Europe

UN rights chief says essential to avoid conflagration in Gaza war

GENEVA: The United Nations human rights chief on Monday it was imperative to avoid any exacerbation of the war in...

Published 04 Mar, 2024 03:06pm

Luxury

Paris Fashion Week highlights: teddies, kids and a phone ban

Paris Fashion Week, which runs until Tuesday, has seen no shortage of eye-catching moments this week. Here are a few...

Published 04 Mar, 2024 02:48pm

Movies & Music

Singapore says Taylor Swift gig grant not as high as speculated

SINGAPORE: Singapore said Monday its grant to Taylor Swift for her concerts in the city was nowhere near as high as...

Published 04 Mar, 2024 01:38pm

Sports

Australia’s Green may focus on red ball cricket before India challenge

MELBOURNE: All-rounder Cameron Green may be spared white ball duties for Australia to focus on his red ball game...

Published 04 Mar, 2024 01:18pm

Forex

Russian rouble recovers some ground against US dollar

MOSCOW: The Russian rouble strengthened against the dollar on Monday, regaining some of the ground lost late last...

Published 04 Mar, 2024 01:15pm

USA

Four killed, multiple injured in California shooting

Four people were killed and multiple others were injured in a shooting at a residence in King City, California,...

Published 04 Mar, 2024 01:13pm

Stocks

Most Gulf markets rise in early trade

Most stock markets in the Gulf were up in early trade on Monday amid rising oil prices after OPEC+ members agreed to...

Published 04 Mar, 2024 01:05pm

Mutual Funds

JGB yields mostly flat ahead of market-moving cues this week

TOKYO: Japanese government bond (JGB) yields were almost flat on Monday as investors awaited a series of...

Published 04 Mar, 2024 01:01pm

Europe

Hungarian PM Orban to meet Trump on March 8 in Florida

BUDAPEST: Hungarian Prime Minister Viktor Orban will meet former US President Donald Trump on March 8 in Florida,...

Published 04 Mar, 2024 12:59pm

Business & Finance

Moody’s raises India’s 2024 GDP forecast sharply

MUMBAI: Moody’s Investor Service sharply raised its gross domestic product (GDP) forecast for India on Monday,...

Published 04 Mar, 2024 12:50pm

Commodities

Iran’s SLAL tenders for corn, barley and soymeal, traders say

HAMBURG: Iranian state-owned animal feed importer SLAL has issued international tenders to purchase up to 180,000...

Published 04 Mar, 2024 12:49pm

Europe

IAEA chief pushes development banks to fund new nuclear energy projects, FT reports

International Atomic Energy Agency chief Rafael Grossi has asked global development banks and their government...

Published 04 Mar, 2024 12:47pm

Business & Finance

Turkiye annual inflation to be high in H1, Simsek says

ISTANBUL: Turkiye annual inflation will remain high in the coming months due to base effects and the delayed impact...

Published 04 Mar, 2024 12:45pm

Commodities

India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says

KUALA LUMPUR: India, the world’s biggest vegetable oil importer, is expected to buy larger volumes of soyoil in...

Published 04 Mar, 2024 12:44pm

Business & Finance

Swiss National Bank loses $3.6 billion in 2023

ZURICH: The Swiss National Bank posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, the...

Published 04 Mar, 2024 12:42pm

Asia

China cancels premier’s press conference for first time since 1993

BEIJING: China’s Premier Li Qiang will not hold a press conference after the close of this year’s annual...

Published 04 Mar, 2024 12:41pm

Asia

Earthquake shakes Kazakhstan’s biggest city

ALMATY: An earthquake jolted Kazakhstan’s biggest city of Almaty on Monday, sending dozens of people scurrying to...

Published 04 Mar, 2024 12:39pm

Forex

South African rand unchanged in early trade

JOHANNESBURG: South Africa’s rand was flat in early trade on Monday, ahead of GDP and current account figures later...

Published 04 Mar, 2024 12:38pm

Sports

Britain’s Boulter beats Kostyuk in WTA San Diego final

LOS ANGELES: Britain’s Katie Boulter won the biggest title of her career on Sunday, beating Ukraine’s Marta Kostyuk...

Published 04 Mar, 2024 11:55am

South Asia

Bangladesh Nobel winner fears for future as woes mount

DHAKA: Bangladesh Nobel peace laureate Muhammad Yunus says it is a “million-dollar question” why the prime minister...

Published 04 Mar, 2024 11:49am

Asia

Malaysian PM ‘happy to reopen’ MH370 search if compelling evidence found

MELBOURNE: Malaysian Prime Minister Anwar Ibrahim said Monday he would be “happy to reopen” the search for flight...

Published 04 Mar, 2024 11:44am

Middle East

‘Immense scale of suffering’: US calls for ‘immediate ceasefire’ in Gaza

GAZA STRIP: US Vice President Kamala Harris urged an immediate ceasefire in Gaza, upping the pressure on key ally...

Published 04 Mar, 2024 11:30am

Business & Finance

ECB to hold rates again, awaiting clearer signs on inflation

FRANKFURT: The European Central Bank is expected to freeze interest rates again this week, with officials wary of...

Published 04 Mar, 2024 11:33am

Sports

PSL 2024 day 16: Usman Khan's unbeaten ton puts Multan Sultans in playoffs

Multan Sultans thumped Karachi Kings by 19 runs on the back of Usman Khan's unbeaten hundred in the 19th match of ...

Updated 04 Mar, 2024 11:17am

Sports

No Wagner recall as Sears named in NZ squad for second Test

Uncapped Wellington fast bowler Ben Sears will replace Will O’Rourke in New Zealand’s squad for the second Test...

Published 04 Mar, 2024 11:08am

Commodities

Soybeans rise but hefty South American supply keeps speculators bearish

CANBERRA: Chicago soybean futures extended gains on Monday after last week’s three-year lows but plentiful supply...

Published 04 Mar, 2024 11:02am

Asia

South Korea, US troops kick off annual drills over North threats

SEOUL: South Korean and US militaries kicked off their spring drills on Monday with twice the number of troops...

Published 04 Mar, 2024 10:58am

Bullion Rate

Gold near two-month high as hopes for mid-year US rate cut rise

Gold prices hovered near a two-month high on Monday, after softer US economic data last week raised hopes for a June...

Published 04 Mar, 2024 10:54am

Forex

Indian rupee to rise on drop in US yields following soft US data

MUMBAI: The Indian rupee is expected to inch up at the open on Monday in the wake of a decline in US Treasury yields...

Published 04 Mar, 2024 10:50am

Europe

Russian warship arrives in Qatar for defence exhibition, Interfax reports

Russia’s Pacific Fleet frigate Marshal Shaposhnikov entered the Qatari port of Hamad where it will take part in the...

Published 04 Mar, 2024 10:48am

Stocks

Nikkei leads Asia higher, packed week for events ahead

SYDNEY: Asian share markets firmed on Monday as the Nikkei reached another new high and investors braced for a week...

Published 04 Mar, 2024 10:44am

USA

Nikki Haley wins Washington, D.C., Republican primary, in small symbolic boost

WASHINGTON: Presidential contender Nikki Haley won the Washington, D.C., Republican primary on Sunday, her first...

Published 04 Mar, 2024 10:41am

Commodities

Palm oil falls as traders brace for cues from industry conference

SINGAPORE: Malaysian palm oil futures dropped on Monday as traders maintained a cautious stance and looked ahead to...

Published 04 Mar, 2024 10:38am

Technology

China’s BYD prices new version of best-selling EV lower than predecessor

BEIJING: China’s leading electric vehicle (EV) maker BYD on Monday launched a new version of its best-selling car at...

Published 04 Mar, 2024 10:36am

Sports

Rafa Nadal hails ‘amazing’ Alcaraz after exhibition defeat

Rafa Nadal said one good thing about nearing the end of his career is that he will not have to face Carlos Alcaraz...

Published 04 Mar, 2024 10:34am

Stocks

Japan’s Nikkei breaches 40,000 level for first time as tech stocks soar

TOKYO: Japan’s main stock benchmark breached the 40,000-point level for the first time on Monday, continuing a rapid...

Published 04 Mar, 2024 10:29am

Stocks

Australia shares retreat from record high as miners push back; growth data on tap

Australian shares were trading flat on Monday after notching a record high earlier, as the miners erased early gains...

Published 04 Mar, 2024 10:26am

Asia

China to hold 2024 parliamentary meeting from March 5-11

BEIJING: China’s National People’s Congress (NPC), or parliament, will hold its annual meeting in Beijing from March...

Published 04 Mar, 2024 10:25am

Forex

Australian dollar braces for GDP test, China stimulus risk

SYDNEY: The Australian dollar held tight ranges on Monday as data raised the risk of a negative print in the...

Published 04 Mar, 2024 10:24am

Stocks

China stocks edge up, Hong Kong slips as investors await key meeting

SHANGHAI: China stocks edged up on Monday while Hong Kong shares slipped, with traders turning cautious as they...

Published 04 Mar, 2024 10:22am

Stocks

Metals weigh as Indian shares erase early gains

BENGALURU: Indian shares struggled for direction on Monday, paring gains after the benchmark Nifty 50 hit a record...

Published 04 Mar, 2024 10:20am

Technology

Australia, Indonesia should team up for battery supply chains, ACEN CEO says

MELBOURNE: Top lithium producer Australia and major nickel suppliers Indonesia and the Philippines could team up to...

Published 04 Mar, 2024 10:19am

Forex

China’s yuan steady before key parliamentary meeting, but outlook weak

SHANGHAI: The yuan was steady on Monday, as China’s central bank maintained its efforts to keep the currency stable...

Published 04 Mar, 2024 10:15am

Sports

Ten Hag says gap between Man Utd and Man City ‘not that big’

Manchester United fell 18 points behind Manchester City following their 3-1 defeat at the Etihad Stadium on Sunday...

Published 04 Mar, 2024 10:14am

Mutual Funds

India bond yields dip as US Treasury move triggers bullishness

MUMBAI: Indian government bond yields trended lower at the start of the week as US Treasury yields fell, with the...

Published 04 Mar, 2024 10:12am

Forex

Dollar eases as Fed clues awaited; bitcoin hits 2-year high

TOKYO: The US dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more...

Published 04 Mar, 2024 09:56am

Pakistan

Shehbaz voted PM for a second time amid protest

Secures 201 votes

Updated 04 Mar, 2024 09:49am

Gohar, Omar elected PTI Chairman, SG unopposed

ISLAMABAD: Barrister Gohar Ali Khan and Omar Ayub Khan were elected as Pakistan Tehreek-e-Insaf (PTI) chairman and...

Updated 04 Mar, 2024 09:48am

Shareholding of TAEPL: Extension granted in LoI validity period, alteration

ISLAMABAD: The Board of Private Power & Infrastructure Board (PPIB) has granted six months extension in the LoI...

Updated 04 Mar, 2024 09:48am

Gaza truce talks in Cairo as heavy fighting rages

GAZA STRIP, (Palestinian Territories): Mediators in Cairo made a renewed push for a Gaza ceasefire, but differences...

Updated 04 Mar, 2024 09:47am

NGMS/5G spectrum auction: Defence forces make 30MHz available to govt

ISLAMABAD: The Defence Forces have made available 30MHz (2 x 15 MHz) in 700 MHz band to the government, thus...

Updated 04 Mar, 2024 09:46am

Pakistan

Joint session on 9th to elect new president

ISLAMABAD: National Assembly Speaker Ayaz Sadiq summoned a joint sitting of Parliament on March 9 (Saturday) for the...

Updated 04 Mar, 2024 09:43am

OPEC+ members extend oil output cuts to second quarter

DUBAI: OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts into the...

Updated 04 Mar, 2024 09:39am

Ship sunk by Houthi strike poses environmental risk: US military

ADEN, (Yemen): A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the US military...

Updated 04 Mar, 2024 09:39am

BR Research

Inflation respite – but for how long?

The headline inflation is down to a 20-month low (since June 22) at 23.1 percent in Feb 24, and still only in five...

Published 04 Mar, 2024 08:54am

BR Research

NetSol in 1HFY24

NetSol Technologies Limited (PSX: NetSol) posted a major turnaround in its latest quarterly financial performance...

Published 04 Mar, 2024 08:51am

BR Research

International Knitwear Limited

International Knitwear Limited (PSX: INKL) was incorporated in Pakistan as a public limited company in 1990. The...

Published 04 Mar, 2024 08:48am

Energy models being used by IEP, IGECP: Ministry, KP govt raise questions on duplication

ISLAMABAD: Ministry of Water Resources and Khyber Pakhtunkhwa (KP) Government are said to have raised questions on...

Updated 04 Mar, 2024 08:38am

BR’s refresher: your morning briefing for the day

Important updates from March 2 and March 3, 2024

Published 04 Mar, 2024 08:38am

Appointment of FDI: new govt to take decision

ISLAMABAD: The caretaker federal cabinet has left the decision on the appointment of Federal Drug Inspector (FDI)...

Updated 04 Mar, 2024 08:36am

Xi congratulates Shehbaz

BEIJING: Chinese President Xi Jinping on Sunday congratulated Shehbaz Sharif on his election as prime minister of...

Updated 04 Mar, 2024 08:36am

Opinion

Self-praise is no honour

The Caretaker Cabinet expressed satisfaction at its six-month two-and-half-week performance during its meeting on 22...

Updated 04 Mar, 2024 04:40am

Editorials

Mismanaged water resources

EDITORIAL: Waterborne diseases such as diarrhoea, dysentery, typhoid and hepatitis A are taking a heavy toll on...

Updated 04 Mar, 2024 04:38am

Editorials

Nawaz’s address to his parliamentary party

EDITORIAL: Three-time former prime minister and the undisputed leader of his party Nawaz Sharif entered parliament...

Updated 04 Mar, 2024 04:37am

Opinion

Early cotton cultivation

Farmers in Punjab and Sindh are showing significant interest in early-grown cotton. It’s estimated that Punjab ...

Updated 04 Mar, 2024 04:36am

Opinion

Deindustrialisation amid rising energy costs

Against the backdrop of unaffordable energy tariffs, the government is taking a significant step by proposing to...

Updated 04 Mar, 2024 04:35am

Opinion

Balancing policies for private sector growth

In the medium term, addressing Pakistan’s balance of payment problem requires a policy framework centered on...