News Archives for Latest - 2024-03-14

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Sports

PSL 2024 qualifier: Usama, Yasir put Multan Sultans in fourth consecutive final

Usama Mir and Yasir Khan starred for Multan Sultans as they defeated Peshawar Zalmi by seven wickets, booking their...

Updated 15 Mar, 2024 11:42pm

World

US envoy warns over Hungary’s ‘close and expanding’ links with Russia

BUDAPEST: NATO allies are warning Hungary of the dangers of its “close and expanding” relationship with Russia and...

Published 14 Mar, 2024 11:10pm

World

COP29 host Azerbaijan plans to upgrade climate target

BRUSSELS: Azerbaijan, host of this year’s U.N. climate change talks, hopes to upgrade its emissions reduction target...

Published 14 Mar, 2024 10:53pm

Europe

Russia strikes TV infrastructure in northeastern Ukraine

KYIV: Russian drones and missiles struck communications infrastructure in northeastern Ukraine on Thursday, knocking...

Published 14 Mar, 2024 10:46pm

Pakistan

Reserved seats: PHC rejects SIC’s plea

The Peshawar High Court rejected on Thursday petitions filed by the Sunni Ittehad Council (SIC) for the reserved...

Updated 14 Mar, 2024 10:26pm

Business & Economy

2nd review under IMF’s Stand-By Arrangement: discussions on structural reforms, energy sector held

Pakistan Finance Minister Muhammad Aurangzeb discussed structural reforms and energy sector viability in a meeting...

Updated 14 Mar, 2024 10:25pm

World

Israel says UN should organise more convoys for north Gaza

KEREM SHALOM: Israel on Thursday defended its policies on admitting trucks into Gaza, calling on the United Nations...

Published 14 Mar, 2024 10:23pm

Asia

Proposed US TikTok ban ‘not fair’, China’s foreign ministry says

BEIJING: There is “no fairness to speak of” in citing national security to reduce the competitive advantage of other...

Updated 14 Mar, 2024 10:16pm

Forex

SBP-held foreign exchange reserves increase $17mn, now stand at $7.91bn

Total liquid foreign reserves held by the country reach $13.15 billion

Updated 14 Mar, 2024 10:01pm

Stocks

Turnaround: KSE-100 gains over 1,000 points on value-hunting

After heavy fall in the previous two sessions, benchmark index gains 1.6% to cross 65,000 level

Updated 14 Mar, 2024 09:54pm

Commodities

Gold price per tola increases Rs250 in Pakistan

Gold rates in Pakistan advanced on Thursday in line with an increase in the international rate. The yellow metal was...

Updated 14 Mar, 2024 09:53pm

Industry

Indus Motor reduces Toyota Yaris prices in Pakistan by up to Rs133,000

Indus Motor Company, the maker of Toyota cars in Pakistan, announced on Thursday a price reduction for its Yaris...

Updated 14 Mar, 2024 09:23pm

Pakistan

PPP wins 4 out of 6 seats in Senate by-elections

PML-N and JUI-F bag one seat each

Updated 14 Mar, 2024 09:21pm

Energy

Oil prices rise as revised IEA forecasts suggest tighter market

LONDON: Oil prices rose on Thursday as investors digested the International Energy Agency’s (IEA) latest oil market...

Updated 14 Mar, 2024 09:19pm

Stocks

Wall St slips as traders assess data; chip stocks slide

Wall Street’s main indexes slipped on Thursday as hotter-than-expected producer prices data likely muddied bets...

Published 14 Mar, 2024 07:58pm

Stocks

Gulf markets rise on higher oil prices; US data in focus

Most stock markets in the Gulf rose on Thursday in line with global peers and firmer oil prices, while investors...

Published 14 Mar, 2024 07:55pm

Money & Banking

Dutch company acquires Pakistani microfinance bank, CCP approves acquisition

Dutch-based holding company MNT–Halan Pak B.V. has successfully acquired Advans Pakistan Microfinance Bank Limited,...

Published 14 Mar, 2024 07:35pm

Luxury

Dubai: Sotheby’s auction of rare cars, watches surpasses $17mn

RM Sotheby’s inaugural auction in Dubai featuring rare cars and watches surpassed $17 million (Dh62 million),...

Published 14 Mar, 2024 07:29pm

Middle East

Israeli general in Gaza criticises political leaders

JERUSALEM: An Israeli general leading troops in Gaza has delivered rare public criticism of the country’s political...

Published 14 Mar, 2024 05:19pm

Europe

EU targets TikTok, other apps over AI risk to elections

BRUSSELS: The EU on Thursday wielded a powerful new digital law to press TikTok, Facebook and six other platforms on...

Published 14 Mar, 2024 05:08pm

Companies

India’s Paytm banking unit to cut about 20% of staff as business halt looms

MUMBAI: Indian digital payments firm Paytm plans to cut close to 20% of staff at its banking unit amid uncertainty...

Published 14 Mar, 2024 05:03pm

Commodities

Asia rice: India prices come off record highs; Thai rates slip on weak baht

Rates of parboiled rice exported from India eased off from record highs this week, as buyers sought cheaper deals...

Published 14 Mar, 2024 04:59pm

Middle East

UAE records government revenues of 155.9bn AED in Q4 2023

United Arab Emirates recorded government revenues of 155.9 billion AED ($42.45 billion) in Q4 of 2023, the state...

Published 14 Mar, 2024 04:56pm

Europe

Kremlin says Putin didn’t threaten to use nuclear weapons, US took him out of context

MOSCOW: The Kremlin said on Thursday that comments on nuclear weapons that Russian President Vladimir Putin made in...

Published 14 Mar, 2024 04:52pm

Companies

Fitch puts India’s IIFL Finance on negative rating watch

BENGALURU: Rating agency Fitch, on Thursday, placed India’s IIFL Finance’s ‘B+’ long-term issuer default rating and...

Published 14 Mar, 2024 04:47pm

Technology

Italy regulator fines TikTok $11mn over content checks

ROME: Italy’s competition watchdog has fined three units of social media giant TikTok 10 million euros ($10.94...

Published 14 Mar, 2024 04:41pm

Stocks

Indian shares recoup some losses ahead of small-, mid-cap stress test results

BENGALURU: Indian shares rebounded on Thursday, recovering some of the losses from the previous session, led by a...

Published 14 Mar, 2024 04:35pm

Commodities

LME copper slips on uncertainty over China smelter cuts

LONDON: Copper prices in London eased on Thursday, retreating from an 11-month peak as doubts emerged over plans by...

Published 14 Mar, 2024 04:32pm

Commodities

Palm oil climbs to highest close in over a year

KUALA LUMPUR: Malaysian palm oil futures rose for a fourth consecutive session on Thursday to their highest close in...

Published 14 Mar, 2024 04:29pm

Currency

Rupee sees marginal gain against US dollar

Currency settles at 278.77 in inter-bank market

Updated 14 Mar, 2024 04:29pm

Life & Style

TikTok devotees say platform unfairly targeted for US ban

WASHINGTON: TikTok creators voiced outrage Wednesday over proposed legislation that could scuttle the platform in...

Published 14 Mar, 2024 03:59pm

Movies & Music

US actor Olivia Munn reveals breast cancer diagnosis

LOS ANGELES: Actor Olivia Munn revealed Wednesday that she had undergone a double mastectomy after being diagnosed...

Updated 14 Mar, 2024 03:20pm

Asia

Antony Blinken to visit South Korea next week, attend Summit for Democracy

SEOUL: US Secretary of State Antony Blinken will visit South Korea next week and hold a meeting on Monday with his...

Published 14 Mar, 2024 02:03pm

Commodities

South Korea tenders to buy 100,800 T of rice from US, China

HAMBURG: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. has issued an international tender to...

Published 14 Mar, 2024 02:02pm

Forex

Most Asia FX rangebound, interest rate outlook in focus

Most Asian currencies drifted within a narrow range on Thursday as traders awaited fresh cues on the global interest...

Published 14 Mar, 2024 02:00pm

Commodities

Chinese buyers cancel or postpone Australian wheat buys amid global oversupply

SINGAPORE: Chinese wheat importers have cancelled or postponed about one million metric tons of Australian wheat...

Published 14 Mar, 2024 01:59pm

Europe

Zaporizhzhia nuclear plant reports shelling by Ukraine army

MOSCOW: The Russian-controlled management of the Zaporizhzhia nuclear power plant, the largest in Europe, said on...

Published 14 Mar, 2024 01:58pm

Movies & Music

Gwyneth Paltrow’s next step in wellness journey: finding calm

LOS ANGELES: Actor and entrepreneur Gwyneth Paltrow has felt the intense glare of the Hollywood spotlight from a...

Published 14 Mar, 2024 01:49pm

Forex

South African rand weakens ahead of mining, manufacturing data

JOHANNESBURG: South Africa’s rand weakened against the dollar in early trade on Thursday, ahead of mining and...

Published 14 Mar, 2024 01:46pm

Technology

China’s Tencent takes over two ByteDance video game teams

HONG KONG: China’s Tencent has taken over two ByteDance video games units after ByteDance retreated from the gaming...

Published 14 Mar, 2024 01:45pm

Stocks

European shares hover near record-high levels; US economic data on tap

European shares opened higher on Thursday, supported by a raft of optimistic corporate updates, while investors...

Published 14 Mar, 2024 01:44pm

Business & Finance

Saudi inflation inches up to 1.8% in February

DUBAI: Saudi Arabia’s annual inflation rate rose to 1.8% in February from 1.6% the previous month driven by...

Published 14 Mar, 2024 01:43pm

Stocks

Gulf markets climb with oil prices; Abu Dhabi slips

Most stock markets in the Gulf were up in early trading on Thursday as oil prices rose, helped by strong demand in...

Published 14 Mar, 2024 01:42pm

Stocks

British stocks mixed ahead US data

Britain’s main share indexes were mixed in early trading on Thursday as the effect of some positive earnings reports...

Published 14 Mar, 2024 01:41pm

Sports

Messi and Suarez fire Miami into CONCACAF quarters

FORT LAUDERDALE: Luis Suarez and Lionel Messi were on target as Inter Miami marched into the last eight of the...

Published 14 Mar, 2024 12:59pm

Sports

Skiing Afghans determined to keep sport alive

BAMIYAN: From the edge of a slope in the province of Bamiyan, rivals cheer as they take turns to race down the...

Published 14 Mar, 2024 12:56pm

Asia

Bali landslide kills two foreign tourists

BADUNG: Two foreign tourists including an Australian woman have been killed on the Indonesian resort island of Bali...

Published 14 Mar, 2024 12:46pm

Europe

One dead in latest drone attacks on Russia

MOSCOW: One person died and three others were wounded on Thursday in a Russian region bordering Ukraine, as Russia...

Published 14 Mar, 2024 12:44pm

World

China’s FM heads to Australia, New Zealand

SYDNEY: China’s Foreign Minister Wang Yi will next week visit Australia and New Zealand, officials said Thursday,...

Published 14 Mar, 2024 12:39pm

Middle East

Aid ship slowly heads for Gaza as calls for assistance grow

GAZA STRIP: A first boat loaded with 200 tonnes of food aid was making slow progress towards the Gaza Strip on...

Published 14 Mar, 2024 12:31pm

Cut-off yield of PIBs declines

KARACHI: Cut-off yield of long-term Pakistan Investments Bonds (PIBs) declined up to 15 basis points (bps) in the...

Updated 14 Mar, 2024 12:32pm

Forex

Australia, NZ dollars find support as some commodities climb

SYDNEY: The Australian and New Zealand dollars crept higher on Thursday as a key commodity index jumped to...

Published 14 Mar, 2024 12:10pm

Asia

North Korea’s Kim ‘drives’ new tank during mock battle

SEOUL: North Korean leader Kim Jong Un guided a military demonstration involving a new battle tank, state media KCNA...

Published 14 Mar, 2024 12:08pm

Europe

At least 2 dead in helicopter crash in Russian Far East

At least two people were killed when an Mi-8 helicopter crashed in Russia’s eastern Magadan region, the Interfax...

Published 14 Mar, 2024 12:03pm

Govt quite clear about what it seeks from IMF

IMF team arrives in Islamabad to hold an opening meeting with the economic team led by the finance minister

Updated 14 Mar, 2024 12:01pm

Business & Finance

Bank of Korea cautious in final stage of inflation fight

SEOUL: South Korea’s central bank said on Thursday it needed to be cautious about a policy shift amid persistent...

Published 14 Mar, 2024 12:01pm

Stocks

Asia stocks steady; Nikkei bruised by BOJ pivot bets

SINGAPORE: Asian shares held near seven-month highs on Thursday though traded mostly sideways as investors awaited...

Published 14 Mar, 2024 11:57am

Middle East

Yemen’s Houthis fired missile in Gulf of Aden, no damage reported, US says

CAIRO: The US Central Command (CENTCOM) said the Iranian-backed Houthi fired one anti-ship ballistic missile from...

Published 14 Mar, 2024 11:55am

Commodities

Shanghai copper surges to near 3-year high as Chinese producers plan output cut

BEIJING: Shanghai copper prices jumped more than 3% on Thursday to their highest in nearly three years after Chinese...

Published 14 Mar, 2024 11:52am

Business & Economy

China to help Pakistan overcome debt challenge: CG

FAISALABAD: Chinese debt is only 13 percent of the total foreign payable debt and its basic objective is to drag...

Updated 14 Mar, 2024 11:48am

Commodities

Palm oil climbs, perched at highest levels in over a year

KUALA LUMPUR: Malaysian palm oil futures rose for a fourth consecutive session on Thursday, trading at highs last...

Published 14 Mar, 2024 11:37am

Sports

Grieving Harry Brook withdraws from IPL after grandmother’s death

NEW DELHI: England batter Harry Brook has withdrawn from this year’s Indian Premier League (IPL) following the death...

Published 14 Mar, 2024 11:32am

Sports

Casper Ruud Ruud rallies past Gael Monfils, into Indian Wells quarters

No. 9 seed Casper Ruud of Norway dropped the first set against unseeded Frenchman Gael Monfils, but rebounded to win...

Published 14 Mar, 2024 11:10am

Middle East

Delta Air to resume flights to Israel starting June 7

Delta Air Lines said late on Wednesday it will resume flights to Israel starting June 7, becoming the second major...

Published 14 Mar, 2024 11:07am

Forex

China’s yuan inches lower, markets await US data and PBOC rate decision

SHANGHAI: China’s yuan inched lower against the dollar on Thursday, with investors anxiously awaiting fresh US...

Published 14 Mar, 2024 11:04am

Sports

Holger Rune battles past Fritz to set up Medvedev showdown at Indian Wells

Holger Rune rallied from a set down and saved a match point to defeat former champion Taylor Fritz 2-6 7-6(2) 6-3 on...

Published 14 Mar, 2024 10:51am

Commodities

Supply glut pushes US wheat towards lowest levels since 2020

CANBERRA: Chicago wheat futures slid towards their lowest levels since 2020 on Thursday, as cheap Russian supply...

Published 14 Mar, 2024 10:47am

South Asia

New Delhi steps up security ahead of rally by protesting farmers

NEW DELHI: Police in the Indian capital put up barricades, stepped up security and warned of traffic congestion on...

Published 14 Mar, 2024 10:45am

Asia

China’s defence ministry says it held military staff dialogue with NATO

BEIJING: China and NATO held an eighth military staff dialogue on security policy in Beijing on Wednesday, according...

Published 14 Mar, 2024 10:41am

Stocks

China stocks steady, helped by biotech rally; Wuxi Apptec drags Hong Kong shares

SHANGHAI: China stocks held steady on Thursday as a rally in biotech stocks offset weakness in gaming and chip...

Published 14 Mar, 2024 10:38am

Bullion Rate

Gold ticks lower as dollar firms, traders await more US data

Gold prices edged lower on Thursday as the US dollar gained, though bullion remained near record-high levels as...

Published 14 Mar, 2024 10:35am

Sports

Aryna Sabalenka seeks ‘home’ comforts in Miami after Indian Wells shock

World number two Aryna Sabalenka shrugged off her stunning defeat by Emma Navarro in the fourth round of Indian...

Published 14 Mar, 2024 10:33am

Mutual Funds

Indian bond traders cautious as 10-year US yield touches 4.20%

MUMBAI: Indian government bond yields trading sideways, with a cautious bias, in early trades on Thursday, as US...

Published 14 Mar, 2024 10:21am

Forex

Indian rupee likely to resume uptrend despite rising US Treasury yields

MUMBAI: The Indian rupee is expected to resume the near-term uptrend despite slight weakness on most Asian peers and...

Published 14 Mar, 2024 10:13am

Stocks

Indian shares set to open flat; small-, mid-caps in focus ahead of stress test results

BENGALURU: Indian shares are set to open little changed on Thursday, following profit booking in the previous...

Published 14 Mar, 2024 10:11am

Stocks

Australia shares dip as banks weigh; miners limit losses

Australian shares ticked lower on Thursday as financials dragged, offseting the gains in commodity stocks following...

Published 14 Mar, 2024 10:09am

Stocks

Japan’s Nikkei falls as chip-related stocks track US peers lower

TOKYO: Japan’s Nikkei share average fell on Thursday, as heavyweight chip-related stocks tracked US peers’ declines...

Published 14 Mar, 2024 10:07am

Commodities

Supply glut pushes US wheat towards lowest levels since 2020

CANBERRA: Chicago wheat futures on Thursday slid towards their lowest levels since 2020 as supply of cheap Russian...

Published 14 Mar, 2024 10:05am

Forex

Currency market subdued ahead of fresh US economic data

TOKYO: The currency market was sedate on Thursday, with the US dollar consolidating against major peers as market...

Published 14 Mar, 2024 10:02am

Success stories: Govt seeks further investments through $250m additional financing: WB

ISLAMABAD: Due to the success of the Crisis Resilient Social Protection (CRISP) programme and the improved delivery...

Updated 14 Mar, 2024 09:52am

Pending payments to int’l agencies: MoF asks PAOs to set aside funds in budget estimates

ISLAMABAD: Ministry of Finance (MoF) has asked Principal Accounting Officers (PAOs) of all the Ministries to ensure...

Updated 14 Mar, 2024 09:48am

Pakistan

KP CM meets PM: there’s sense of a thawing in relations?

ISLAMABAD: Khyber-Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur held a meeting with Prime Minister Shehbaz...

Updated 14 Mar, 2024 09:43am

Fully complied with actions agreed with IMF: PD

ISLAMABAD: Power Division has claimed that it has fully complied with all the actions agreed with the International...

Updated 14 Mar, 2024 09:19am

BR’s refresher: your morning briefing for the day

Important updates from March 13, 2024

Published 14 Mar, 2024 09:05am

PM convenes special session of SIFC today

ISLAMABAD: Prime Minister Shehbaz Sharif has convened a special session of the SIFC Apex Committee on Thursday...

Updated 14 Mar, 2024 09:06am

BR Research

IT exports in 7MFY24

The IT sector has emerged as a key contributor to the country’s exports over the last few years. More recently, ICT...

Published 14 Mar, 2024 09:05am

BR Research

World cotton: new normal isn’t here yet?

Global cotton prices are on the rise again. After averaging below 95 cents per lb for 12 months, World Cotton ‘A’...

Published 14 Mar, 2024 08:58am

BR Research

Sardar Chemical Industries Limited

Sardar Chemical Industries Limited (PSX: SARC) was incorporated in Pakistan as a private limited company in 1989 and...

Published 14 Mar, 2024 08:53am

Digitization of tax system top priority: finance minister

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb on Wednesday conveyed to the Federal Board of...

Updated 14 Mar, 2024 08:47am

Money & Banking

Country’s payment infrastructure shows a robust growth

KARACHI: Pakistan’s payments infrastructure demonstrated robust growth during the second quarter of this fiscal year...

Updated 14 Mar, 2024 08:46am

Senate by-elections through secret ballot today

ISLAMABAD: Not less than 169 votes on National Assembly’s one seat of Islamabad, 57 votes each on two seats of Sindh...

Updated 14 Mar, 2024 08:46am

Local vendors suffer as import of used cars rises

KARACHI: Pakistan has witnessed a sharp surge in the imports of used cars during the first six months of the current...

Updated 14 Mar, 2024 08:45am

Opinion

Why we lag in exports

One of Pakistan’s most pressing economic issues is the chronic shortage of foreign exchange underscored by an...