News Archives for Latest - 2024-03-15

Sports

PSL 2024 eliminator 1: Islamabad knock out Quetta with 39-run win

All-round Islamabad United knocked Quetta Gladiators out of the ongoing Pakistan Super League (PSL) season 9 with a...

Updated 16 Mar, 2024 01:14am

Arts

New York museum harnessing technology to spotlight art

NEW YORK: Billed as the place where art meets technology, New York’s latest museum is promising to reinvent the...

Published 15 Mar, 2024 11:42pm

Business & Economy

Govt keeps petrol price unchanged, reduces HSD’s by Rs1.77 per litre

Revised prices to take effect from March 16

Published 15 Mar, 2024 11:23pm

Business & Economy

Govt focusing on macroeconomic reforms to stabilise economy: PM Shehbaz

In meeting with US envoy, prime minister emphasises need to maintain positive momentum by convening of existing dialogue mechanisms

Updated 15 Mar, 2024 11:22pm

Markets

Monetary Policy Committee to meet on Monday: SBP

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, March 18, 2024 to...

Updated 15 Mar, 2024 11:13pm

World

Beirut says French plan for Lebanon-Israel truce could be ‘step’ to stability

BEIRUT: Lebanon sees a French proposal meant to end hostilities with Israel and settle a border dispute as a...

Published 15 Mar, 2024 11:04pm

Pakistan

PM Shehbaz, key cabinet members visit GHQ

Pakistan is destined to rise and role of Armed Forces in ensuring peaceful rise of the country cannot be over-emphasised, says prime minister

Published 15 Mar, 2024 10:59pm

Europe

Russian missiles kill 20 in Odesa, Zelenskiy vows retaliation

ODESA: A Russian ballistic missile attack hit a residential area in Ukraine’s Black Sea port city of Odesa on...

Published 15 Mar, 2024 10:45pm

Stocks

KSE-100 closes week in the red as market awaits MPC decision

Index endures tough week with loss of overall 977 points

Updated 15 Mar, 2024 10:28pm

Taxes

FBR, Karandaaz sign pact to work on digitisation of tax system

The Federal Board of Revenue (FBR) signed an agreement with Karandaaz Pakistan for digitisation of the tax system, a...

Published 15 Mar, 2024 09:23pm

South Asia

G7 warns Iran not to give Russia ballistic missiles for Ukraine war

ROME: The Group of Seven (G7) industrialised powers told Iran on Friday not to transfer ballistic missiles to Russia...

Published 15 Mar, 2024 08:57pm

Arts

Patronage or conquest? Saudis move in on Egypt’s culture

CAIRO: Saudi largesse is flooding Egypt’s cultural scene, but the reception is mixed. Some welcome new “cooperation”...

Published 15 Mar, 2024 08:58pm

USA

Iran Air could be banned from Europe if Tehran sends missiles to Russia, US warns

WASHINGTON: G7 nations are prepared to respond with severe new penalties that could include a ban on Iran Air...

Published 15 Mar, 2024 08:50pm

Business & Finance

Led by Disrupt.com, Paklaunch raises nearly $1mn funding, eyes regional expansion

KARACHI: Paklaunch announced that it has successfully closed a seed funding round amounting to nearly $1 million....

Published 15 Mar, 2024 08:39pm

Energy

Oil prices dip, but set to end week over 3% higher

Oil prices edged lower on Friday but were on track to gain over 3% for the week, boosted by the International Energy...

Updated 15 Mar, 2024 08:32pm

Forex

Rupee largely stable against US dollar

Currency settles at 278.74 against the greenback in inter-bank market

Updated 15 Mar, 2024 08:19pm

Companies

After Indus Motor, Honda Atlas reduces City’s prices in Pakistan

Honda Atlas Cars announced on Friday a price reduction of up to Rs140,000 on two of its City variants on Friday,...

Updated 15 Mar, 2024 08:02pm

Pakistan

NA passes resolution seeking extension for 7 ordinances

The National Assembly (NA) passed on Friday a resolution seeking extension for seven ordinances. These ordinances...

Updated 15 Mar, 2024 08:00pm

Sports

PCB set to host tri-series after two decades

The Pakistan Cricket Board (PCB) is set to host a tri-series with New Zealand and South Africa in February 2025,...

Updated 15 Mar, 2024 07:56pm

USA

US Senate declines to fast-track TikTok bill

WASHINGTON: A bill that would force the sale of TikTok from its Chinese owners or see it banned in the United States...

Published 15 Mar, 2024 07:50pm

Money & Banking

India’s forex reserves jump to over two-year high

MUMBAI: India’s foreign exchange reserves rose for a third straight week and reached a more than two-year high of...

Published 15 Mar, 2024 07:42pm

Europe

EU close to sanctioning violent Israeli settlers: diplomats

BRUSSELS/PARIS: The European Union is close to agreeing sanctions on Israeli settlers attacking Palestinians in the...

Published 15 Mar, 2024 06:38pm

Pakistan

ICC mandates use of stop-clock in white-ball cricket from T20 World Cup 2024

The International Cricket Council (ICC) has mandated the use of stop-clocks in between overs in white-ball...

Published 15 Mar, 2024 06:35pm

Europe

At least 14 killed in Russian missile attack on Ukraine’s Odesa

A Russian missile attack hit civilian infrastructure in Ukraine’s Black Sea port city of Odesa on Friday, killing at...

Published 15 Mar, 2024 06:29pm

Sports

Hridoy’s 96 powers Bangladesh to 286-7 against Sri Lanka

CHITTAGONG: An unbeaten 96 from Towhid Hridoy powered Bangladesh to 286-7 against Sri Lanka after four wickets from...

Updated 15 Mar, 2024 06:16pm

Commodities

Asia gold: Dealers grapple as sky-high rates erode demand in key hubs

Physical gold demand in Asia dwindled on the back of sky-high prices as consumers abstained from making fresh...

Published 15 Mar, 2024 05:33pm

Companies

McDonald’s suffers tech outage in several countries, some stores back up

TOKYO: McDonald’s said on Friday a technology outage had disrupted operations at many of its outlets worldwide,...

Published 15 Mar, 2024 05:27pm

Stocks

UAE bourses track global equities lower

Stock markets in United Arab Emirates declined on Friday, in line with global equities after a bigger-than-expected...

Published 15 Mar, 2024 05:22pm

Stocks

India’s small-, mid-caps post worst week in 15 months; blue-chips drop 2% each

BENGALURU: India’s small- and mid-cap stocks logged their worst week in 15 months on rising concerns of froth in the...

Published 15 Mar, 2024 05:14pm

Commodities

Hot money pushes copper to new highs

LONDON: Fund buying propelled copper prices to new highs on Friday, but some investors and analysts were cautious...

Published 15 Mar, 2024 05:11pm

Commodities

Palm oil eases but logs fourth weekly gain

KUALA LUMPUR: Malaysian palm oil futures were largely unchanged on Friday, but logged a fourth straight weekly gain...

Published 15 Mar, 2024 05:09pm

BR Research

MPS: Stay put in March

The monetary policy meeting is on Monday, March 18, 2024 and analysts are divided on where they will be, some...

Updated 15 Mar, 2024 04:58pm

Forex

Volatile bitcoin falls from record high as crypto frenzy hits pause

SINGAPORE: Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a...

Updated 15 Mar, 2024 04:36pm

Movies & Music

Pakistani musician Arooj Aftab set to perform at UK’s Glastonbury Festival

Coldplay, Dua Lipa, Shania Twain also scheduled to perform

Updated 15 Mar, 2024 04:10pm

Arts

Meghan Markle launches new lifestyle brand

LOS ANGELES: Meghan Markle, the wife of Britain’s Prince Harry, is launching a new lifestyle brand seemingly named...

Published 15 Mar, 2024 04:07pm

Construction sector: IMF asks FBR to abolish special tax regime

Recommends subjecting sector to standard income tax regime

Updated 15 Mar, 2024 04:03pm

Middle East

Aid supply ship from Cyprus reaches Gaza coast

GAZA STRIP: A ship towing a barge loaded with food arrived off Gaza on Friday, witnesses said, as a test run for a...

Updated 15 Mar, 2024 03:27pm

Middle East

Hamas presents ceasefire proposal detailing exchange of hostages, prisoners

DUBAI: Hamas has presented a Gaza ceasefire proposal to mediators and the US that includes the release of Israeli...

Updated 15 Mar, 2024 03:17pm

Forex

Kenyan shilling unchanged near 11-month high

The Kenyan shilling was unchanged against the dollar on Friday after hitting an 11-month high the day before, LSEG...

Published 15 Mar, 2024 03:16pm

South Asia

India says US statement on its citizenship law ‘misplaced, misinformed, unwarranted’

NEW DELHI: India’s foreign ministry spokesperson on Friday termed the US State Department’s statement on the South...

Published 15 Mar, 2024 03:13pm

Commodities

Gold unchanged at Rs228,550 per tola in Pakistan

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

Published 15 Mar, 2024 02:51pm

Stocks

UK’s FTSE 100 muted as investors assess data heavy week; Vodafone jumps

The UK’s FTSE 100 was little changed on Friday as investors tracked global downbeat sentiment, with sticky US...

Published 15 Mar, 2024 02:42pm

Stocks

European shares muted but set for weekly gains

European shares were subdued on Friday, with strength in the telecommunications sector offset by a sell-off in...

Published 15 Mar, 2024 02:41pm

Forex

Ugandan shilling stable as taxes tame demand

KAMPALA: The Ugandan shilling was unchanged on Friday, with importer demand for hard currency suppressed by...

Published 15 Mar, 2024 02:40pm

Middle East

Egypt is striving to secure a ceasefire in Gaza, Sisi says

DUBAI: Egypt is seeking to reach a deal for a ceasefire in Gaza, increase entry of aid and to allow displaced people...

Published 15 Mar, 2024 02:38pm

Markets

Abdul Qayoom appointed CEO Engro Polymer & Chemicals Limited

Engro Polymer & Chemicals Limited (EPCL) has appointed Abdul Qayoom as Chief Executive Officer (CEO) of the...

Updated 15 Mar, 2024 01:54pm

Travel

Croatia’s tourist hotspot Dubrovnik seeks to reclaim city for locals

DUBROVNIK, Croatia: Croatia’s historic city of Dubrovnik aims to lure back locals priced out by high tourist prices...

Published 15 Mar, 2024 01:52pm

Forex

Russian rouble steady vs dollar at start of presidential election

MOSCOW: The rouble was stable against the dollar on Friday as Russians began casting their ballots in a March 15-17...

Published 15 Mar, 2024 01:40pm

Sports

Disney-owned Star India starts arbitration against Zee over cricket broadcasting deal

BENGALURU: Walt Disney -owned Star India has started arbitration proceedings against Zee Entertainment Enterprises...

Published 15 Mar, 2024 01:39pm

Asia

Japan suspends Fukushima water release after quake as precaution

TOKYO: The release of waste water from Japan’s stricken Fukushima nuclear plant was temporarily suspended on Friday...

Published 15 Mar, 2024 01:23pm

South Asia

India’s Election Commission to announce dates for general elections on March 16

India’s election panel said on Friday it would announce dates for general elections at 3 p.m. local time (0930 GMT)...

Updated 15 Mar, 2024 01:21pm

Mutual Funds

Japan’s 10-year bond yield hits 3-month high amid BOJ policy shift bets

TOKYO: Japan’s 10-year government bond yield rose to a three-month high on Friday as investors braced for the Bank...

Published 15 Mar, 2024 12:28pm

Forex

Most Asian currencies, stocks on backfoot after hotter US inflation

Most Asian currencies and stocks stumbled on Friday, with the South Korean won and equities depreciating the most,...

Published 15 Mar, 2024 12:14pm

Sports

Liverpool want to win every trophy for Klopp, defender Bradley says

Liverpool want to give manager Juergen Klopp a proper send-off by winning every trophy available to them, defender...

Published 15 Mar, 2024 12:00pm

Europe

Russian-installed official says three children killed in Donetsk after Ukrainian shelling

MOSCOW: Three children were killed after Ukraine shelled an apartment building in the Russian-held city of Donetsk...

Published 15 Mar, 2024 11:56am

Opinion

Getting prices right in Pakistan: Shock therapy, ‘dual-track’ price system, and input-output model

Lack of allocative and productive expenditure efficiency has led to under-utilization of revenue and aid, which in...

Updated 15 Mar, 2024 11:53am

Sports

Gareth Southgate defends decision to go public on White’s England absence

Gareth Southgate said he went public about Ben White’s decision to make himself unavailable for England duty this...

Published 15 Mar, 2024 11:49am

Business & Finance

Bank of England set to play for time before first rate cut

LONDON: The Bank of England will probably keep investors guessing next week about when it is likely to start cutting...

Published 15 Mar, 2024 11:36am

Commodities

Shanghai copper near 3-year high; London copper surpasses $9,000

Shanghai copper prices hit a near three-year high on Friday, while prices in London touched a 10-month peak, buoyed...

Published 15 Mar, 2024 11:30am

Europe

Putin is master of all he surveys as Russians head to polls

MOSCOW: In a Russia at war, there is only one real candidate and only one winner: Vladimir Putin. As Russians cast...

Published 15 Mar, 2024 11:29am

Sports

Vinicius Jr calls on UEFA to punish Atletico fans for alleged racist abuse

Vinicius Jr called on UEFA to punish Atletico Madrid fans for alleged racist chanting ahead of their team’s...

Published 15 Mar, 2024 11:11am

Commodities

Palm oil steady after highest close in more than a year

KUALA LUMPUR: Malaysian palm oil futures were little changed on Friday, after logging their highest close in more...

Published 15 Mar, 2024 11:08am

Real Estate

China’s Feb new home prices extend declines

BEIJING: China’s new home prices dropped for an eighth straight month in February, official data showed on Friday,...

Published 15 Mar, 2024 11:07am

Commodities

Nippon Steel says no layoffs, no plant closures at US Steel till 2026

TOKYO: Japan’s Nippon Steel said on Friday that under its proposed takeover of US Steel there would be no layoffs...

Published 15 Mar, 2024 11:04am

Stocks

Foxconn shares surge 9.5% after Q4 profit beats market estimates

TAIPEI: Shares of Apple supplier Foxconn rose as much as 9.5% early on Friday to their highest in three years, a day...

Published 15 Mar, 2024 11:02am

Stocks

Tech pulls down Asia stocks, dollar gains on inflation data

TOKYO: Asian stocks slumped on Friday, tracking tech-led declines on Wall Street overnight after...

Published 15 Mar, 2024 11:00am

Commodities

Wheat on track for third weekly drop on supply pressure

SINGAPORE: Chicago wheat futures were largely flat on Friday, with the market on track for a third weekly decline on...

Published 15 Mar, 2024 10:59am

World

Australia to resume funding to UN’s main Palestinian relief agency

SYDNEY: Australia will resume funding to the United Nations’ main Palestinian relief agency, Foreign Minister Penny...

Published 15 Mar, 2024 10:58am

Energy

Sanctioned tanker NS Century reaches China port to discharge Russian oil

SINGAPORE: The oil tanker NS Century, which is under sanction by the United States, arrived at the Chinese port of...

Published 15 Mar, 2024 10:42am

Sports

Error-prone Gauff, Swiatek into Indian Wells semis

Third seed Coco Gauff served up 17 double faults but still managed to beat China’s Yuan Yue 6-4 6-3 at Indian Wells...

Published 15 Mar, 2024 10:38am

Asia

Japan military helicopter crashes in Oita prefecture, media reports

TOKYO: A Japanese Self-Defence Forces’ helicopter crashed in the country’s southern prefecture of Oita, a local TV...

Published 15 Mar, 2024 10:35am

Energy

Qatar raises May term price for al-Shaheen crude

SINGAPORE: QatarEnergy raised slightly the May term price for al-Shaheen crude after selling two cargoes via its...

Published 15 Mar, 2024 10:31am

USA

Three dead after ‘likely’ tornado rips through Indiana town, NBC says

At least three people were killed in possible tornadoes in the US state of Indiana on Thursday, according to media...

Published 15 Mar, 2024 10:29am

Technology

Nissan considering partnership with Honda on EVs

TOKYO: Nissan Motor is considering seeking a business partnership with Honda Motor on key components for electric...

Published 15 Mar, 2024 10:27am

Business & Finance

Indonesia’s Feb trade surplus smallest in 9 months

JAKARTA: Indonesia booked its smallest trade surplus in nine months in February as imports came in stronger than...

Published 15 Mar, 2024 10:25am

Forex

China’s yuan holds steady as PBOC leaves key rate unchanged

SHANGHAI: The yuan held steady against the US dollar on Friday after China’s central bank left a key policy rate...

Published 15 Mar, 2024 10:23am

Stocks

India’s Paytm jumps 5% as digital payments app survives banking unit shutdown

BENGALURU: Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, a day after it got a...

Published 15 Mar, 2024 10:21am

Bullion Rate

Gold’s three-week winning streak under pressure amid US inflation heat

Gold prices were on track on Friday to snap a three-week winning streak as surprisingly hot US inflation readings...

Published 15 Mar, 2024 10:19am

Middle East

Merchant vessel struck by missile west of Yemen’s al Hudaydah

CAIRO: A merchant vessel reported it had been hit by a missile and sustained damage 76 nautical miles west of...

Published 15 Mar, 2024 10:16am

Sports

Stung into action, Alcaraz flees the bees at Indian Wells

Carlos Alcaraz said he surprised himself by staying focused despite being stung on the forehead at Indian Wells on...

Published 15 Mar, 2024 10:12am

Stocks

China stocks fall after central bank leaves key rate unchanged

SHANGHAI: China stocks fell on Friday, on course to book the first weekly decline in five, after the country’s...

Published 15 Mar, 2024 10:10am

Mutual Funds

Relentless spike in US yields turns India bond traders more cautious

MUMBAI: Indian government bond yields inched higher in early trades as US Treasury yields continued to witness...

Published 15 Mar, 2024 10:07am

Forex

Indian rupee poised to weaken as Fed rate cut expectations recede more

MUMBAI: The Indian rupee is set to open lower on Friday after fresh data showed that US inflation was proving...

Published 15 Mar, 2024 10:04am

Stocks

Indian shares open lower, tracking Asian peers

BENGALURU: Indian shares opened lower on Friday, tracking Asian peers as hotter-than-expected US inflation data...

Published 15 Mar, 2024 10:01am

Sanctions on IP gas line: Govt in talks with US Admin to secure waiver: Musadik

ISLAMABAD: Pakistan has been engaged with the US administration to secure a waiver from US sanctions on the...

Updated 15 Mar, 2024 10:00am

Stocks

Japan’s Nikkei dips as techs track US peers lower; BOJ meet in focus

TOKYO: Japan’s Nikkei share average dipped on Friday, as heavyweight technology shares tracked their US peers lower,...

Published 15 Mar, 2024 09:59am

Economic indicators, other related matters: IMF team takes stock

Discusses Pakistan’s overall macro-economic indicators and efforts on fiscal consolidation

Updated 15 Mar, 2024 09:59am

Stocks

Australian shares on track for worst week in 1-1/2 years as miners drag

Australian shares dropped 1.5% on Friday, and were on track for their worst week in 1-1/2 years, with miners leading...

Published 15 Mar, 2024 09:57am

Pakistan

PM withdraws notification of new IRSA chairman

ISLAMABAD: Prime Minister Shehbaz Sharif has withdrawn notification of new Chairman IRSA (Indus River System...

Updated 15 Mar, 2024 09:56am

PIACL sell-off plan termed ‘priority’

ISLAMABAD: Federal Minister for Defence, Defence Production and Aviation Khawaja Muhammed Asif on Thursday said that...

Updated 15 Mar, 2024 09:56am

Forex

Australia, NZ dollars slip as US inflation bruises bonds

SYDNEY: The Australian and New Zealand dollars were near their lows for the week on Friday after another upside...

Published 15 Mar, 2024 09:55am

Forex

Dollar advances as US inflation data weighs on rates outlook

SINGAPORE: The dollar was firm on Friday and set to snap a three-week losing streak as hotter-than-expected US...

Published 15 Mar, 2024 09:53am

15 to 20 institutions: Govt seeks swift privatisation

ISLAMABAD: Federal Minister for Privatisation and Board of Investment Abdul Aleem Khan has said that in the present...

Updated 15 Mar, 2024 09:17am

RE projects: PPIB willing to alter draft pact with Saudi Arabia

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has expressed willingness to alter draft framework...

Updated 15 Mar, 2024 09:15am

BR Research

Oil prices favouring upside

Having stayed rather calm for four months, international crude oil prices have once again started to look set for...

Published 15 Mar, 2024 09:00am

BR Research

Interview with Qazafi Qayyum, CEO - TenX

‘Adoption of AI much faster among startups than large organisations’ Qazafi Qayyum is Chief Executive Officer of...

Published 15 Mar, 2024 08:58am

‘Economic roadmap’ presented to PM

ISLAMABAD: Prime Minister Shehbaz Sharif was presented an economic roadmap that envisages the alleviation of...

Updated 15 Mar, 2024 08:30am

SOEs: three-phased privatisation programme being chalked out

ISLAMABAD: Privatisation Commission is said to be chalking out a three-phased privatisation programme of State Owned...

Updated 15 Mar, 2024 08:29am

Reforms agenda: Govt committed to working with IMF: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed the government’s commitment towards working with the...

Updated 15 Mar, 2024 08:28am

Business & Finance

e-commerce platforms facilitating trade of smuggled smartphones?

KARACHI: Some of the leading e-commerce platforms have said to be the biggest source for trading non-PTA-approved...

Updated 15 Mar, 2024 08:28am

BR’s refresher: your morning briefing for the day

Important updates from March 14, 2024

Published 15 Mar, 2024 08:25am

Opinion

The President pleads for merit

In one of his last speeches as President of Pakistan Dr Arif Alvi pleaded for merit. Yes, no society can advance...