News Archives for Latest - 2024-03-11

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Archive - 2024-03-11

Europe

French state hit by ‘intense’ cyberattack: PM’s office

PARIS: Cyberattacks of “unprecedented intensity” have targeted several French government institutions just months...

Published 11 Mar, 2024 11:53pm

Pakistan

PM directs uninterrupted gas, power supply during Ramazan

Premier directs for provision of every possible facility to the private sector, and local and foreign investors in the exploration of gas and oil

Published 11 Mar, 2024 11:16pm

Energy

SSGC incurs massive loss of Rs9.3bn in 6MFY23

After much delay, Sui Southern Gas Company (SSGC) made public its accounts for the first half of fiscal year 2022-23...

Updated 11 Mar, 2024 10:54pm

South Asia

India tests missile capable of carrying multiple nuclear warheads

NEW DELHI: India has successfully test-fired a domestically developed ballistic missile capable of carrying multiple...

Updated 11 Mar, 2024 10:53pm

Forex

Rupee registers minor loss against US dollar

Currency settles at 279.08 in inter-bank market

Updated 11 Mar, 2024 10:45pm

Pakistan

President Zardari administers oath to PM Shehbaz’s 19-member federal cabinet

Muhammad Aurangzeb, Ahsan Iqbal, Khawaja Asif, Rana Tanveer, Azam Nazeer Tarar, Jam Kamal Khan, Amir Muqam, Awais Leghari and Attaullah Tarar, Khalid Maqbool Siddiqui, Abdul Aleem Khan among others take oath

Updated 11 Mar, 2024 10:43pm

Markets

UAE conglomerate steps closer to purchasing TPL Trakker’s Middle East subsidiary

A UAE-based conglomerate has signed a Non-Binding Indicative Term Sheet with TPL Trakker (TPLT) for the purchase of...

Updated 11 Mar, 2024 10:31pm

Business & Economy

Muhammad Aurangzeb takes over as finance minister as speculation ends

On his arrival at ministry, former HBL CEO was welcomed by Secretary Finance and senior officials

Updated 11 Mar, 2024 10:29pm

Europe

Russia’s spy service accuses US of trying to meddle in presidential election

MOSCOW: President Vladimir Putin’s foreign intelligence service on Monday accused the United States of trying to...

Published 11 Mar, 2024 08:53pm

Pakistan

Ramazan 2024 moon sighted, first fast in Pakistan on Tuesday, March 12

Crescent sighted in Lahore, Peshawar, Swat and other cities

Updated 11 Mar, 2024 08:48pm

Stocks

Major Gulf markets end lower; Egypt gains

Major stock markets in the Gulf ended lower on Monday as investors waited for key U.S. inflation data this week,...

Published 11 Mar, 2024 08:47pm

Stocks

Wall St slips as investors brace for inflation data

Wall Street’s main stock indexes dipped on Monday, as investors awaited key inflation data this week that could...

Published 11 Mar, 2024 08:23pm

Middle East

UN chief urges ‘silencing the guns’ in Gaza for Ramazan

UNITED NATIONS: UN Secretary-General Antonio Guterres called Monday for “silencing the guns” in Gaza in honor of the...

Published 11 Mar, 2024 08:21pm

Markets

Newly-appointed federal minister Muhammad Aurangzeb resigns as HBL President & CEO

Board has appointed Muhammad Nassir Salim as the new President of the bank

Updated 11 Mar, 2024 08:09pm

USA

Trump suggests tax cuts can help offset 10% tariff impact

WASHINGTON: Donald Trump defended Monday his proposal of a universal 10 percent tariff on imports, suggesting tax...

Published 11 Mar, 2024 08:06pm

Stocks

Selling pressure drags KSE-100 in the red

The Pakistan Stock Exchange (PSX) witnessed some selling pressure on Monday as its benchmark KSE-100 closed the...

Published 11 Mar, 2024 07:10pm

Stocks

PSX lists Mahaana Islamic Index Exchange Traded Fund (MIIETF)

The Pakistan Stock Exchange (PSX) has listed the Mahaana Islamic Index Exchange Traded Fund (MIIETF) managed by...

Published 11 Mar, 2024 06:50pm

Recorder Files: When BR Research interviewed Muhammad Aurangzeb

The article was published on August 18, 2023 when Muhammad Aurangzeb was president and CEO of HBL. He resigned from the posts after taking oath as federal minister on March 11, 2024

Published 11 Mar, 2024 06:47pm

Stocks

Pakistan’s Maple Leaf Cement subsidiary to construct $110mn hospital in Islamabad

Novacare Hospitals (Private) Limited, a subsidiary of Maple Leaf Cement Factory Limited (MLCF), will construct a...

Updated 11 Mar, 2024 06:41pm

Commodities

Copper steady ahead of Chinese loan data and U.S. inflation numbers

LONDON: Copper prices steadied on Monday as the market awaited Chinese loan data for indications of demand from the...

Published 11 Mar, 2024 06:15pm

Europe

Russia, Iran and China to hold warship drills in Gulf of Oman

MOSCOW: Russia said a group of its warships had arrived in Iran to take part in drills with Iran and China in the...

Published 11 Mar, 2024 06:12pm

Energy

Oil prices slips amid concerns over Middle East, China demand

LONDON: Global benchmark Brent slipped on Monday, dipping below $82 a barrel, as persistent geopolitical concerns in...

Updated 11 Mar, 2024 06:03pm

Stocks

Sri Lankan shares end higher as financials, consumer staples gain

CSE All-Share index settled 0.72% higher at 11,125.03

Published 11 Mar, 2024 05:59pm

South Asia

India moves to implement citizenship law opposed by Muslims, weeks before election

NEW DELHI: India announced rules on Monday to implement a 2019 citizenship law that critics call anti-Muslim, weeks...

Published 11 Mar, 2024 05:55pm

Sports

History-chasing Man City relishing Premier League battle

MANCHESTER: Rodri says Manchester City will embrace the challenge of having to be almost perfect in their remaining...

Published 11 Mar, 2024 05:46pm

Middle East

Ramadan brings no relief as Israel-Hamas war rages in Gaza

GAZA STRIP: Gaza’s deadliest war showed no signs of abating as the Muslim holy month of Ramadan began Monday amid a...

Published 11 Mar, 2024 05:43pm

Bullion Rate

Gold unchanged at Rs230,200 per tola in Pakistan

Gold prices remained unchanged in Pakistan on Monday as the yellow metal held steady in the international market. In...

Published 11 Mar, 2024 05:37pm

Europe

Germany backs Georgieva for second term as IMF chief

FRANKFURT: Germany, Europe’s largest economy, voiced its backing Monday for a second term for International Monetary...

Published 11 Mar, 2024 05:26pm

Europe

Macron set for postponed Ukraine trip ‘in coming weeks’: presidency

PARIS: French President Emmanuel Macron is to travel to Ukraine “in the coming weeks” the presidency said, in an...

Published 11 Mar, 2024 05:21pm

Markets

25% sales tax: Pak Suzuki increases price of Swift GLX CVT in Pakistan by Rs304,000

Vehicle to now cost Rs5,429,000

Published 11 Mar, 2024 05:13pm

Forex

Bitcoin zooms to record near $72,000

LONDON: Bitcoin raced to an all-time peak close to $72,000 Monday as the world’s most popular cryptocurrency won...

Updated 11 Mar, 2024 05:13pm

Europe

Sweden joining NATO shows Putin ‘failed’: Stoltenberg

BRUSSELS: NATO chief Jens Stoltenberg said Monday that Sweden’s accession to the US-led alliance showed Russian...

Published 11 Mar, 2024 05:09pm

Technology

Elon Musk takes another swing at OpenAI, makes xAI’s Grok chatbot open-source

Elon Musk said on Monday his artificial intelligence startup xAI would open-source its ChatGPT challenger “Grok”...

Published 11 Mar, 2024 05:00pm

Stocks

Financials, Tata stocks weigh on Indian shares; small-caps underperform

BENGALURU: Indian shares fell on Monday, weighed down by a decline in banking and Tata Group stocks, while investors...

Published 11 Mar, 2024 04:44pm

Commodities

Palm oil closes higher as Malaysia’s inventories fall to 7-month low

KUALA LUMPUR: Malaysian palm oil futures rose on Monday as inventories in he world’s second-biggest producer dipped...

Published 11 Mar, 2024 04:39pm

Forex

Zloty rallies to 4-year high

WARSAW: The Polish zloty hit its highest level in four years on Monday, continuing a rally as interest rates in...

Published 11 Mar, 2024 03:04pm

Forex

Ugandan shilling stable as commodity flows offer support

KAMPALA: The Ugandan shilling was flat on Monday, with inflows of hard currency from exporters of commodities like...

Published 11 Mar, 2024 03:01pm

Stocks

FTSE 100 muted as miners drag; focus on US inflation data

UK shares were subdued on Monday, weighed down by the losses in base metal miners, while traders refrained from...

Published 11 Mar, 2024 02:58pm

Middle East

Israel checking if top Hamas leader killed in air strike: Haaretz

OCCUPIED JERUSALEM: The Israeli military is checking whether senior Hamas leader Marwan Issa was killed in an air...

Published 11 Mar, 2024 02:55pm

Markets

SBP issues bank timings for Ramazan 2024

The State Bank of Pakistan (SBP) on Monday revised its office and business timings for the month of Ramazan, 2024....

Published 11 Mar, 2024 02:22pm

South Asia

India bank ordered to publish anonymous election bond data

NEW DELHI: India’s top court on Monday ordered the state-run bank to publish details of previously anonymous...

Published 11 Mar, 2024 02:14pm

Renewable energy plants to be set up by public sector oil companies: ‘Concrete plan’ sought by PMO

PMO gives one month’s time to Petroleum Division and Power Division to materialise a concrete plan to set up renewable energy plants by the public sector oil companies

Updated 11 Mar, 2024 02:13pm

Europe

German foreign minister criticises pope on Ukraine

FRANKFURT: German Foreign Minister Annalena Baerbock has sharply criticised Pope Francis’s call for Ukraine to...

Published 11 Mar, 2024 02:11pm

Stocks

Trading hours: PSX issues Ramazan timings

The Pakistan Stock Exchange (PSX) on Monday issued revised timings for its trading session during the month of...

Published 11 Mar, 2024 02:07pm

Stocks

European stock markets drop at open

LONDON: European stocks retreated at the open Monday following heavy losses in Asia and pre-weekend falls on Wall...

Published 11 Mar, 2024 02:06pm

Life & Style

‘Oppenheimer’ crowned best picture at the Oscars

LOS ANGELES: “Oppenheimer,” the blockbuster biopic about the race to build the first atomic bomb, claimed the...

Published 11 Mar, 2024 02:02pm

World

24 injured after ‘technical problem’ on LATAM Sydney-Auckland flight, NZ Herald reports

Twenty-four people were injured after a “technical problem” caused strong movement on a LATAM Airlines flight from...

Published 11 Mar, 2024 01:40pm

Forex

South African rand edges lower against dollar

JOHANNESBURG: South Africa’s rand edged lower early on Monday, with analysts saying global market factors were...

Published 11 Mar, 2024 01:37pm

Forex

Russian rouble weakens against dollar

MOSCOW: The Russian rouble weakened against the US dollar on Monday as oil prices hit a two-week low and some market...

Published 11 Mar, 2024 01:36pm

Forex

Asian currencies struggle for direction, shares fall; US CPI eyed

Asian currencies struggled for direction on Monday while equities fell, with investors looking for clues on the...

Published 11 Mar, 2024 01:34pm

Energy

Most Aramco buyers get full April volumes but heavy crude supply trimmed, sources say

SINGAPORE/NEW DELHI: Saudi Aramco plans to meet full contractual crude oil volumes to most Asian buyers in April,...

Published 11 Mar, 2024 01:31pm

Commodities

Turkiye gets offers in 150,000 T durum wheat sale tender, traders say

HAMBURG: The highest price offered in the tender from Turkiye state grain board TMO to sell and export 150,000...

Published 11 Mar, 2024 01:28pm

Life & Style

Britain’s ‘Zone of Interest’ wins best international film Oscar

LOS ANGELES: Britain’s “The Zone of Interest,” about a German officer’s family living next door to the Auschwitz...

Published 11 Mar, 2024 12:38pm

Europe

Russia says pope’s appeal on Ukraine war is to the West

MOSCOW: Russia said Pope Francis’s call for talks with Moscow to end the war in Ukraine was a request to Kyiv’s...

Published 11 Mar, 2024 12:27pm

Middle East

Palestinians prepare for Ramadan in the shadow of Gaza war

OCCUPIED JERUSALEM/CAIRO/RAFAH: Palestinians prepared for Ramadan in a sombre mood with heightened security measures...

Published 11 Mar, 2024 12:17pm

Stocks

Hong Kong stocks edge up at open

HONG KONG: Hong Kong stocks opened on the front foot Monday, extending gains at the end of last week, even after a...

Published 11 Mar, 2024 12:01pm

Sports

How the Premier League title race stands with 10 games to go

LIVERPOOL: The Premier League’s top three are separated by a single point with 10 games remaining as a thrilling...

Published 11 Mar, 2024 11:58am

Sports

US down Brazil to win CONCACAF Women’s Gold Cup

LOS ANGELES: Lindsey Horan scored the only goal as the United States defeated Brazil 1-0 on Sunday to win the...

Published 11 Mar, 2024 11:44am

Europe

Vladimir Putin set for election coronation in vote with no opposition

MOSCOW: Vladimir Putin is set to secure another six-year term as Russian leader this weekend in a vote the Kremlin...

Published 11 Mar, 2024 11:35am

Sports

South Korea’s top-ranked An fires Olympic warning with Paris title

PARIS: Badminton world number one An Se-young fired an Olympic warning after winning the French Open title in the...

Published 11 Mar, 2024 11:33am

Asia

Death toll from Indonesia floods, landslides rises to 26

JAKARTA: The death toll from flash flooding and landslides on the Indonesian island of Sumatra has risen to 26, an...

Published 11 Mar, 2024 11:19am

Stocks

Australian shares fall as miners, banks weigh

Australian shares fell on Monday in broad-based selling, as mining stocks tracked a decline in underlying commodity...

Published 11 Mar, 2024 11:01am

Forex

Australia, NZ currencies hit one-month lows on yen, subdued against US dollar

SYDNEY: The Australian and New Zealand dollars hit one-month lows on the yen on Monday as the case strengthens for...

Published 11 Mar, 2024 10:52am

Stocks

Asia shares slip, yen firm as BOJ ponders positive rates

SYDNEY: Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on US...

Published 11 Mar, 2024 10:49am

Movies & Music

Full list of Oscar winners at the 96th Academy Awards

LOS ANGELES: The following is a complete list of Oscar winners at the 96th Academy Awards on Sunday, presented at a...

Published 11 Mar, 2024 10:26am

Federal cabinet likely to take oath today

ISLAMABAD: The federal cabinet of Prime Minister Shehbaz Sharif is expected to take oath today (Monday). Pakistan...

Updated 11 Mar, 2024 10:26am

Life & Style

Emma Stone wins second career Oscar for ‘Poor Things’

LOS ANGELES: Emma Stone claimed her second Academy Award on Sunday, winning the best actress trophy for her role as...

Published 11 Mar, 2024 10:10am

Mutual Funds

Continuous decline in US yields may push Indian bond yields lower

MUMBAI: Indian government bond yields are expected to edge lower in opening trades at the start of a new week, after...

Published 11 Mar, 2024 10:07am

Forex

All eyes on RBI in wake of Indian rupee’s likely push higher, $5bn swap maturity

MUMBAI: The Indian rupee’s likely rise at open on Monday and a $5 billion swap maturity will mean that all the focus...

Published 11 Mar, 2024 10:03am

Commodities

Palm oil opens lower as market awaits output data

KUALA LUMPUR: Malaysian palm oil futures opened lower on Monday, dragged down by lower crude oil prices, and as...

Published 11 Mar, 2024 10:00am

Stocks

Japan’s Nikkei falls over 2% as chip shares slump, yen firms

TOKYO: Japan’s Nikkei share average lost more than 2% on Monday, as chip-related stocks tracked their US peers...

Published 11 Mar, 2024 09:59am

‘Collecting funds from IESCO accounts’: IHC issues contempt notices to FBR officials

ISLAMABAD: The Islamabad High Court (IHC) issued contempt notices to the Chief Policy Federal Board of Revenue (FBR)...

Updated 11 Mar, 2024 09:59am

Business & Finance

‘FPCCI to take up KP’s energy issues with Centre’

PESHAWAR: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Atif Ikram Sheikh said...

Updated 11 Mar, 2024 09:58am

Commodities

London copper prices steady on supply tension, weaker dollar

BEIJING: Copper prices in London were steady on Monday as traders assessed lower inventories and tight global...

Published 11 Mar, 2024 09:56am

Commodities

Soybeans retreat from three-week high on ample supply; corn, wheat down

SINGAPORE: Chicago soybeans eased after climbing to their highest levels in almost three weeks on Monday, as...

Published 11 Mar, 2024 09:54am

Sports

Angelique Kerber continues returning to form at Indian Wells

Germany’s Angelique Kerber turned back the clock on Sunday, capturing a 6-4, 7-5 upset of 17th-seeded Russian...

Published 11 Mar, 2024 09:51am

Sports

Alex Carey’s 98 drives Australia to victory in Christchurch run chase

Alex Carey scored a magnificent 98 not out as Australia chased down their 279-run victory target to beat New Zealand...

Published 11 Mar, 2024 09:47am

Business & Finance

Japan Q4 GDP revised up to slight expansion, economy avoids recession

TOKYO: Japan’s economy avoided a technical recession, revised government GDP data showed on Monday, even though the...

Published 11 Mar, 2024 09:41am

PTI’s Khosa, Raja arrested

LAHORE: Pakistan Tehreek-e-Insaf key leaders MNA Sardar Latif Khosa and Salman Akram Raja and several others have...

Updated 11 Mar, 2024 09:38am

PPP’s Zardari sworn in as 14th President of Pakistan

ISLAMABAD: Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari took oath as the 14th President of Pakistan on...

Updated 11 Mar, 2024 09:38am

Speedy localisation of solar panels: MoC asks Chinese firm to consider forming JV

ISLAMABAD: The Commerce Ministry has advised a Chinese company, M/s Sinotec Solar (Pvt) Ltd, to consider forming a...

Updated 11 Mar, 2024 09:37am

Energy

US-bound ship from Reliance’s Sikka port hits BPCL crude import facility, sources say

NEW DELHI: Oil tanker Hafnia Seine bound for the United States from Sikka port in Western India hit Bharat Petroleum...

Published 11 Mar, 2024 09:32am

Mutual Funds

JGB yields rise as BOJ considers exit from negative rates in March

TOKYO: Japanese government bond yields rose on Monday, as traders maintained a cautious stance following reports...

Published 11 Mar, 2024 09:29am

Stocks

Indian shares off to a muted start tracking Asian peers

BENGALURU: Indian shares were muted at the open on Monday, tracking Asian peers ahead of key US inflation reading,...

Published 11 Mar, 2024 09:27am

Bullion Rate

Gold rally hits pause ahead of US inflation data

Gold prices took a breather from a record-breaking rally on Monday, which was fuelled by a cooling US labor market...

Published 11 Mar, 2024 09:26am

Forex

Yen gains as bets firm for imminent rate hike; sterling slides

TOKYO: The yen strengthened against the dollar on Monday as signs the Bank of Japan will exit negative interest...

Published 11 Mar, 2024 09:24am

Ramazan begins in Saudi Arabia, UAE today

RIYADH: The holy month of Ramazan will begin on Monday, Saudi Arabia and other Middle East nations announced,...

Updated 11 Mar, 2024 08:40am

BR Research

Indus Motors: Better be happy!

Indus Motors expects economic recovery and as a result the demand for its cars to recover slowly, predicting volumes...

Published 11 Mar, 2024 08:39am

BR’s refresher: your morning briefing for the day

Important updates from March 9 and March 10, 2024

Published 11 Mar, 2024 08:36am

Palestinians: Saudi King urges world community to halt brutal crimes

RIYADH: Saudi Arabia’s King Salman bin Abdulaziz said on Sunday the international community must assume its...

Updated 11 Mar, 2024 08:32am

‘Ramazan package’ increased

ISLAMABAD: Prime Minister Shehbaz Sharif has increased the allocation of the ‘Ramazan Relief Package’ from Rs 7.5...

Updated 11 Mar, 2024 08:32am

Xi, Raeesi congratulate Zardari

BEIJING: Chinese President Xi Jinping sent congratulations on Sunday to Asif Ali Zardari on his election as...

Updated 11 Mar, 2024 08:31am

BR Research

WPI: Gas and power at the core

The Wholesale Price Index (WPI) for February 2024 clocked in at 18.66 percent – at a 31-month low, and surely comes...

Published 11 Mar, 2024 08:31am

BR Research

Interview with Shagufta Hassan - Vice President Finance & Chief Finance Officer, Aga Khan University

‘AKU is committed to developing, implementing, and maintaining best practices and strategies to enhance equality,...

Published 11 Mar, 2024 08:27am

Rates

Automart: car prices in Karachi

KARACHI: The prices of different makes and models of cars prevailing in Karachi in the week ended Sunday (March 10,...

Published 11 Mar, 2024 04:48am

World

Libyan leaders agree to form new unified government

BENGHAZI: Three key Libyan leaders said on Sunday they had agreed on the “necessity” of forming a new unified...