News Archives for Latest - 2024-03-13

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Archive - 2024-03-13

Europe

EU agrees 5bn euro boost for Ukraine military aid fund

BRUSSELS: European Union countries agreed on Wednesday to provide 5 billion euros ($5.48 billion) for military aid...

Published 13 Mar, 2024 11:19pm

Pakistan

5.3 magnitude earthquake jolts parts of KP, Islamabad

NSMC reports that the epicenter was located in the Hindu Kush region at a depth of 130 km

Published 13 Mar, 2024 10:44pm

Pakistan

PM Shehbaz visits utility stores to review Ramazan package

Prime Minister Shehbaz Sharif made on Wednesday a surprise visit to various utility stores in Islamabad, Aaj News...

Updated 13 Mar, 2024 10:42pm

Forex

Rupee sees marginal improvement against US dollar

Currency settles at 278.79 in inter-bank market

Updated 13 Mar, 2024 10:41pm

Business & Economy

Second review of SBA with IMF to begin from March 14: Ministry of Finance

Pakistan has met all Structural Benchmarks, Qualitative Performance Criteria and Indicative Targets for successful completion of the IMF review, says ministry

Updated 13 Mar, 2024 10:40pm

World

Gaza aid port plans ‘sign of international weakness’: Amnesty chief

MADRID: Efforts to deliver aid to war-torn Gaza by constructing a seaport or through airdrops are a sign of...

Published 13 Mar, 2024 10:31pm

Stocks

Another day of pressure: KSE-100 falls over 1% as market divided over monetary policy announcement

Analysts seem in two minds over the possibility of SBP starting its monetary easing cycle

Updated 13 Mar, 2024 10:29pm

Europe

Putin says Russian nuclear weapons 'more advanced' than in US

MOSCOW: President Vladimir Putin on Wednesday lauded Moscow’s nuclear arsenal and warned that he was ready to deploy...

Updated 13 Mar, 2024 10:23pm

Pakistan

Pakistan, Bahrain call for immediate ceasefire in Gaza

No relief for Palestinians in Ramazan as fresh bombardments could be heard in southern Gaza

Published 13 Mar, 2024 09:52pm

Pakistan

ECP announces schedule for by-elections on 23 NA, provincial assembly seats

The Election Commission of Pakistan (ECP) on Wednesday announced the schedule for by-elections on six seats of the...

Published 13 Mar, 2024 09:58pm

Business & Economy

Govt considering incorporating agriculture, real estate into tax framework: Aurangzeb

Remarks come during finance minister's first visit to FBR, statement says govt looking at wholesale/retail, real estate, and agriculture sectors to broaden its tax base

Updated 13 Mar, 2024 09:43pm

Exchange

Misprinted banknotes: SBP says internal controls being ‘further strengthened’

Clearing the air on the incident of misprinted banknotes, the State Bank of Pakistan (SBP) on Wednesday said...

Updated 13 Mar, 2024 09:42pm

Business & Finance

Pakistani firms show 71% growth in joining Dubai Chamber of Commerce

8,036 new Pakistani businesses joined the emirate's chamber in 2023, second-highest in terms of new, non-UAE businesses

Published 13 Mar, 2024 08:14pm

Stocks

Tech-heavy Nasdaq comes under pressure as yields rise

Wall Street had a lackluster start on Wednesday, with the tech-laden Nasdaq bearing the brunt as U.S. Treasury...

Published 13 Mar, 2024 08:06pm

Travel

Recreating Paris in Phnom Penh – for the rich

PHNOM PENH: In downtown Phnom Penh, a huge high-end development mimicking the buildings and boulevards of Paris...

Published 13 Mar, 2024 07:59pm

USA

US House passes bill to force ByteDance to divest TikTok or face ban

WASHINGTON: The U.S. House of Representatives overwhelmingly passed a bill on Wednesday that would give TikTok’s...

Updated 13 Mar, 2024 07:57pm

Pakistan

PM Shehbaz assured facilitation on meeting with Imran Khan: CM Gandapur

Gandapur stressed the need to solve public issues together

Published 13 Mar, 2024 06:35pm

Sports

Liyanage, Mendis guide Sri Lanka to 255 all out against Bangladesh

CHITTAGONG: Janith Liyanage and Kusal Mendis hit half-centuries to guide Sri Lanka to 255 in 48.5 overs, in the...

Updated 13 Mar, 2024 06:04pm

Life & Style

‘Katespiracy’ explodes after UK royal photo gaffe

WASHINGTON: The picture was meant to douse speculation about the whereabouts and health of Britain’s Catherine,...

Published 13 Mar, 2024 05:58pm

South Asia

At least 60 Afghans killed by weeks of intense snow, rain

KABUL: At least 60 people have been killed by heavy rain and snow in Afghanistan over the past three weeks, the...

Published 13 Mar, 2024 05:34pm

Energy

Oil rises on Russian refinery attacks, signs of strong demand

LONDON: Oil rose on Wednesday, supported by potential supply disruption after Ukrainian attacks on Russian...

Updated 13 Mar, 2024 05:32pm

Pakistan

ECP finalises arrangements for conducting Senate by-elections on Thursday

The Election Commission of Pakistan (ECP) on Wednesday finalised arrangements for conducting by-elections on...

Published 13 Mar, 2024 05:24pm

USA

Biden heads to Midwest after clinching Democratic nomination

WASHINGTON: U.S. President Joe Biden heads to the political battleground state of Wisconsin on Wednesday after...

Published 13 Mar, 2024 05:23pm

Europe

Finnish leader says Russia is preparing for ‘long conflict with the West’

BRUSSELS: Finnish Prime Minister Petteri Orpo said on Wednesday Russia was gearing up for a “long conflict with the...

Published 13 Mar, 2024 05:15pm

Stocks

India’s small- and mid-cap stocks capitulate on stress test worries

BENGALURU: India’s small- and mid-cap indexes logged their worst session in more than two years on Wednesday, ahead...

Published 13 Mar, 2024 05:02pm

Stocks

Sri Lankan shares end higher on gains in consumer staples, financials

BENGALURU: Sri Lankan shares rose for an eighth consecutive session on Wednesday, helped by gains in consumer...

Published 13 Mar, 2024 05:00pm

Commodities

Copper soars to 7-month high on Chinese plans to cut output

LONDON: Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process...

Published 13 Mar, 2024 04:55pm

Commodities

Palm oil closes at highest level in over a year

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday to their highest closing in over a year, as strength in...

Published 13 Mar, 2024 04:52pm

Bullion Rate

Gold price per tola falls Rs1,800 in Pakistan

Gold rates in Pakistan decreased on Wednesday in line with a decline in the international rate. The yellow metal was...

Published 13 Mar, 2024 04:20pm

Energy

OPEC says IEA commentary on oil security encouraging

DUBAI: Oil producer group OPEC said on Wednesday it was encouraged by a commentary from the International Energy...

Published 13 Mar, 2024 03:52pm

Sports

India’s Ashwin reclaims top bowler’s spot after emotional series

NEW DELHI: India’s Ravichandran Ashwin reclaimed the top spot in the Test bowler’s rankings on Wednesday following...

Published 13 Mar, 2024 03:49pm

Energy

Shell to cut about 20% of jobs in deals team: Bloomberg News

Oil major Shell is planning to cut at least 20% of jobs in its deals team, in an effort to reduce costs, Bloomberg...

Published 13 Mar, 2024 03:46pm

Middle East

Outside hospital: Israeli forces kill another two Palestinians in West Bank

JENIN: Israeli forces killed another two Palestinians during what it said was a raid in the occupied West Bank early...

Updated 13 Mar, 2024 03:18pm

Movies & Music

Norah Jones: ‘People give birth, get married to my music’

PARIS: For more than 20 years, Norah Jones has been the soundtrack to millions of people’s lives, including some of...

Published 13 Mar, 2024 03:12pm

Stocks

FTSE 100 edges higher as UK economy returns to growth

The UK’s blue-chip index edged higher on Wednesday after data showed Britain’s economy returned to growth at the...

Published 13 Mar, 2024 02:21pm

Stocks

Europe stocks open higher

LONDON: Europe’s main stock markets rose at the start of trading on Wednesday, after a mixed Asia performance, as...

Published 13 Mar, 2024 02:11pm

South Asia

China’s military says delegation visited Maldives, Sri Lanka and Nepal March 4-13

BEIJING: A Chinese military delegation visited the Maldives, Sri Lanka and Nepal from March 4-13 and held meetings...

Published 13 Mar, 2024 02:02pm

Life & Style

Mango adapts as climate change makes fashion less seasonal

MADRID: Spanish retailer Mango is honing in on adaptable clothing to help customers adjust to wild swings in...

Published 13 Mar, 2024 02:01pm

Commodities

Shanghai copper near two-year high as Chinese smelters seek output cut

Copper prices in China surged to their highest levels in nearly two years on Wednesday, after Chinese smelters...

Published 13 Mar, 2024 01:55pm

Europe

France’s Macron, Poland’s Tusk to meet Scholz in Berlin on Friday

BERLIN: French President Emmanuel Macron and Polish Prime Minister Donald Tusk will meet with German Chancellor Olaf...

Published 13 Mar, 2024 01:53pm

Commodities

India’s Feb palm oil imports plunge to 9-month low as sunoil jumps

India’s palm oil imports plunged to their lowest level in nine months in February, as higher prices prompted buyers...

Published 13 Mar, 2024 01:50pm

Business & Finance

Adidas posts first loss in 30 years but sticks to dividend

HERZOGENAURACH: German sportswear giant Adidas posted its first loss in more than 30 years in 2023 on Wednesday as...

Published 13 Mar, 2024 01:48pm

Middle East

Spanish ship en route to Gaza with desperately needed aid

GAZA STRIP: A Spanish aid boat was en route to Gaza on Wednesday, opening a new maritime corridor intended to allow...

Updated 13 Mar, 2024 01:45pm

Stocks

Most Gulf bourses gain in early trade on higher oil prices

Most stock markets in the Gulf region rose in early trade on Wednesday as expectations of strong global demand for...

Published 13 Mar, 2024 01:44pm

Business & Finance

BNP Paribas hikes cost cuts by 400mn euros after weak results

PARIS: BNP Paribas, the euro zone’s largest bank, on Wednesday said it will step up its cost-cutting plan by 400...

Published 13 Mar, 2024 01:43pm

Forex

South African rand weakens in early trade

JOHANNESBURG: South Africa’s rand weakened in early trade on Wednesday, taking its cues from global factors with no...

Published 13 Mar, 2024 01:41pm

Forex

Russian rouble strengthens vs dollar, buoyed by oil prices

MOSCOW: The Russian rouble strengthened slightly against the dollar on Wednesday, regaining some of the ground lost...

Published 13 Mar, 2024 01:39pm

Business & Economy

IMF team arriving in Pakistan for bailout review, sources say

ISLAMABAD: An International Monetary Fund (IMF) mission is arriving in Pakistan on Wednesday for a second and last...

Published 13 Mar, 2024 12:36pm

Sports

James Anderson says he’s in ‘best shape’ ahead of England’s home summer

LONDON: James Anderson says he still has to show he deserves his spot in the England Test squad ahead of the home...

Published 13 Mar, 2024 12:33pm

SBA talks: Govt to have little ‘manoeuvrability’ to cut utility prices

ISLAMABAD: The government will have little, if any, maneuverability to reduce utility prices during the second...

Updated 13 Mar, 2024 12:30pm

Aurangzeb unveils his approach to IMF lending

Says Pakistan is eager to negotiate a larger and the longest Extended Fund Facility (EFF) of the IMF programme to achieve macroeconomic stability in the country

Updated 13 Mar, 2024 12:27pm

Aurangzeb’s appointment a positive step: Bloomberg

ISLAMABAD: The appointment of Muhammad Aurangzeb as Pakistan’s finance minister is a positive step to steer the...

Updated 13 Mar, 2024 12:24pm

SBP decides to investigate misprinting of Rs1,000 note

KARACHI: The State Bank of Pakistan (SBP) has decided to investigate as to how the misprinted currency notes of Rs...

Updated 13 Mar, 2024 12:24pm

BR Research

Petrol price: weighing taxation options

Pakistan will soon be on the drawing board with the IMF for yet another fresh program. Expect the IMF to ask for...

Updated 13 Mar, 2024 12:21pm

Business & Finance

UK economy grows by 0.2% in January

LONDON: Britain’s economic output grew by an as expected 0.2% in January, after entering a shallow recession in the...

Published 13 Mar, 2024 12:18pm

Perspectives

Never has an economic roadmap been more important in Pakistan

It was in June 2022 that Pakistan’s CPI-based inflation figure topped 20%. It has since then stood stubbornly at...

Updated 13 Mar, 2024 12:18pm

Companies

Volkswagen reports strong profit rise for 2023

FRANKFURT: German auto giant Volkswagen on Wednesday reported a robust rise in profits for 2023, with sales in...

Published 13 Mar, 2024 12:15pm

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks edged down at the open Wednesday morning after a three-day rally and the release of data...

Published 13 Mar, 2024 12:12pm

BRecorder Markdown Table

Al-Habib Restaurant Karachi HBL HBL Platinum CreditCard Dining 20% Angeethi Karachi HBL HBL Platinum CreditCard...

Published 13 Mar, 2024 11:56am

Sports

Leverkusen, West Ham need results to progress in Europa League

PARIS: Bayer Leverkusen and West Ham go into Thursday both needing positive results to reach the quarter-finals of...

Published 13 Mar, 2024 12:07pm

Europe

Navalny ally Leonid Volkov attacked outside home in Lithuania

VILNIUS: Leonid Volkov, a close ally of late Russian opposition leader Alexei Navalny, was assaulted outside his...

Published 13 Mar, 2024 12:03pm

Pakistan

For Pakistan’s agriculture sector: Acumen secures anchor funding for new $90mn climate fund

ISLAMABAD: Acumen Pakistan announced the approval of anchor funding from the Green Climate Fund (GCF) for Pakistan’s...

Published 13 Mar, 2024 12:01pm

Europe

Methane emissions from energy sector rose in 2023: IEA

PARIS: Planet-heating methane released by the fossil fuel industry rose to near record highs in 2023 despite...

Published 13 Mar, 2024 11:58am

Sports

India’s Pant says doctors considered leg amputation after car crash

NEW DELHI: Star Indian wicketkeeper-batsman Rishabh Pant says that doctors raised the prospect of amputating his leg...

Published 13 Mar, 2024 11:39am

Forex

Australia, NZ dollars left deflated as US inflation disappoints

SYDNEY: The Australian and New Zealand dollars were robbed of momentum on Wednesday after an unwelcome, if modest,...

Published 13 Mar, 2024 11:26am

Stocks

Australian shares tick higher as banks gain

Australian shares inched higher on Wednesday, as the gains in financials offset a decline in commodity stocks, while...

Published 13 Mar, 2024 11:24am

Commodities

Soybeans edge lower despite Brazilian crop downgrade

CANBERRA: Chicago soybean futures edged lower on Wednesday, although they hovered near one-month highs after...

Published 13 Mar, 2024 11:22am

Europe

Ukraine launches drone attacks on Russia for second night in a row, officials say

Ukraine launched drone attacks on several Russian regions for the second night in row, officials said on Wednesday,...

Published 13 Mar, 2024 11:03am

Europe

Vladimir Putin says Russia will deploy troops to Finland’s border after it enters NATO, RIA reports

President Vladimir Putin said in remarks published on Wednesday that Finland and Sweden’s entry into NATO is “a...

Published 13 Mar, 2024 11:12am

Bullion Rate

Gold subdued as sticky US inflation prompts rate-cut rethink

Gold prices steadied on Wednesday, after posting its biggest decline in a month in the previous session after a...

Published 13 Mar, 2024 11:08am

Forex

Indian rupee under pressure on anticipated outflow, possible Fed rate cut delay

MUMBAI: The Indian rupee is likely to struggle on Wednesday after sticky US inflation suggested that the Federal...

Published 13 Mar, 2024 11:06am

Commodities

Palm gains on firmer Dalian rival oils, crude oil prices

KUALA LUMPUR: Malaysian palm oil futures opened higher on Wednesday, tracking strength in Dalian edible oils, while...

Published 13 Mar, 2024 11:04am

Business & Finance

Thai industrial sentiment falls slightly in February, says federation

BANGKOK: The Thai industrial sentiment index fell slightly in February due to slower domestic demand and exports,...

Published 13 Mar, 2024 11:01am

Asia

One killed, several injured at restaurant explosion in China’s Hebei province

BEIJING: One person was killed and 22 injured when an explosion destroyed a restaurant in Hebei province in China,...

Published 13 Mar, 2024 10:59am

Companies

Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump

TOKYO: Toyota Motor agreed to give factory workers their biggest pay increase in 25 years on Wednesday, heightening...

Published 13 Mar, 2024 10:48am

Stocks

Stocks stride past US inflation to milestone highs

SINGAPORE: Asian shares notched seven month highs on Wednesday, on the back of record peaks on Wall Street, as...

Published 13 Mar, 2024 10:45am

Bullion Rate

India allows RBI to import gold without paying import levies

MUMBAI: India has allowed its central bank to import gold without paying import levies, the government said in a...

Published 13 Mar, 2024 10:33am

Stocks

Japan’s Nikkei extends declines as traders eye BOJ’s March meeting

TOKYO: Japan’s Nikkei share average was set for its third consecutive day of declines on Wednesday, as investors...

Published 13 Mar, 2024 10:31am

Energy

China’s Unipec snaps up North Sea crude for May delivery amid weak Europe demand

SINGAPORE: Unipec, the trading arm of Asia’s largest refiner Sinopec, has swept up 8 million barrels of North Sea...

Published 13 Mar, 2024 10:24am

Business & Finance

Cathay Pacific posts first annual profit in four years

HONG KONG: Hong Kong’s Cathay Pacific Airways reported on Wednesday a HK$9.79 billion ($1.25 billion) profit for...

Published 13 Mar, 2024 10:23am

Forex

Asian currencies dip on US inflation data, some stocks hit records

Most Asian currencies dipped on Wednesday, after hotter-than-expected inflation data in the United States suggested...

Published 13 Mar, 2024 10:21am

Mutual Funds

India bond yields stuck in range despite uptick in US peers

MUMBAI: Indian government bond yields were largely unchanged in the early session on Wednesday, unaffected by the...

Published 13 Mar, 2024 10:19am

Sports

Carlos Alcaraz, Sinner reach Indian Wells quarters

Carlos Alcaraz beat Fabian Marozsan to avenge his loss to the Hungarian at the Italian Open last year, while Jannik...

Published 13 Mar, 2024 10:18am

Commodities

Iron ore falls on mounting fears of easing Chinese demand

SINGAPORE: Iron ore futures slipped on Wednesday, on fears of a reduction in demand in top consumer China amid...

Published 13 Mar, 2024 10:14am

Forex

China’s yuan weakens as sticky US inflation weighs on rate cut hopes

HONG KONG: China’s yuan softened against the US dollar on Wednesday as traders pared back US rate cut expectations...

Published 13 Mar, 2024 10:13am

USA

Biden, Trump clinch nominations, kicking off bruising presidential rematch

President Joe Biden and former President Donald Trump both clinched their parties’ nomination on Tuesday, kicking...

Published 13 Mar, 2024 10:12am

Stocks

ITC lifts Indian shares at the open

BENGALURU: Indian shares are opened higher on Wednesday, led by a jump in ITC on British American Tobacco’s plan to...

Published 13 Mar, 2024 10:06am

Europe

Vladimir Putin says Russia will work with any elected US leader, RIA reports

President Vladimir Putin said in remarks published on Wednesday that Russia does not interfere in any elections and...

Published 13 Mar, 2024 10:00am

Stocks

China stocks fall as Country Garden drags property developers lower

SHANGHAI: China stocks fell on Wednesday, dragged by property developers as Country Garden missed a coupon payment...

Published 13 Mar, 2024 09:58am

Forex

Dollar steadies as traders weigh hotter-than-expected inflation

TOKYO: The US dollar held steady against a handful of rival currencies on Wednesday, as traders weighed what impact...

Published 13 Mar, 2024 09:55am

Nepra to hold public hearing on crucial cases afresh

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is all set to hold a public hearing on Thursday...

Updated 13 Mar, 2024 09:43am

Mixed expectations: MPS on 18th

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the Monetary Policy next Monday (March 18) with...

Updated 13 Mar, 2024 09:42am

NHP: Centre owes Rs1.51trn to KP, CM told

PESHAWAR: Federal government under ‘AGN Qazi Formula’ owes a huge amount of Rs 1,510 billion to Khyber Pakhtunkhwa...

Updated 13 Mar, 2024 09:41am

Ex-post facto approval by cabinet: Notification deemed to be valid, SC rules

ISLAMABAD: The Supreme Court held that a notification that has received ex-post facto approval by the cabinet is...

Updated 13 Mar, 2024 09:41am

Reducing financial burden: SNGPL proposes amendments to tax laws

ISLAMABAD: Sui Northern Gas Pipeline Company Limited (SNGPL) has proposed amendments to tax laws to reduce financial...

Updated 13 Mar, 2024 09:36am

BR’s refresher: your morning briefing for the day

Important updates from March 12, 2024

Published 13 Mar, 2024 09:04am

Pakistan

Adiala jail: 2-week ban imposed on all public visits, meetings, interviews

RAWALPINDI: The Punjab government, on Tuesday, imposed a ban for two weeks on meeting with incarcerated Pakistan...

Updated 13 Mar, 2024 08:52am

‘Disallowing TA/DA’: LTO Lahore officials approach LHC

ISLAMABAD: The Inland Revenue Audit Officers/ Assistant Directors (Audit) of Large Taxpayer Office Lahore have...

Updated 13 Mar, 2024 08:51am

BR Research

Denim exports: clutching at straws

Until 2017, it was Pakistan’s fifth largest export category by value. By 2023, it no longer features even among the...

Published 13 Mar, 2024 08:43am

BR Research

Frontier Ceramics Limited

Frontier Ceramics Limited (PSX: FRCL) was incorporated in Pakistan as a public limited company in 1982. The company...

Published 13 Mar, 2024 08:35am

Opinion

A fair price for everyone

For Decades, Aarhtis have played a pivotal role in Pakistan’s agricultural landscape, serving as the bridge between...