News Archives for Latest - 2024-03-18

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Archive - 2024-03-18

Sports

PSL 2024 final: Islamabad United crowned champions after last-ball thriller

Islamabad United won their third HBL PSL title after they edged over Multan Sultans in the HBL PSL 9 final following...

Updated 19 Mar, 2024 03:50am

Pakistan

Pakistan carries out anti-terrorist operations inside Afghanistan, confirms FO

Afghanistan's defence ministry says its security forces targeted Pakistani troops at border in response to air strike

Updated 18 Mar, 2024 11:39pm

Pakistan

Eight terrorists killed in North Waziristan IBO: ISPR

HVT Terrorist commander Sehra Janan also killed, says ISPR statement

Updated 18 Mar, 2024 11:36pm

Currency

Rupee sees marginal increase against US dollar

Currency settles at 278.63 against the US dollar in inter-bank market

Updated 18 Mar, 2024 10:36pm

Stocks

KSE-100 closes nearly flat ahead of MPC announcement

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 closed nearly flat on Monday as the index swayed both ways...

Updated 18 Mar, 2024 10:36pm

Middle East

Israeli army launches what it calls ‘operation’ at Gaza’s Al-Shifa hospital

GAZA STRIP: The Israeli army launched Monday what it called an operation around Gaza’s largest hospital, Al-Shifa,...

Updated 18 Mar, 2024 10:35pm

Commodities

Gold price per tola falls Rs600 in Pakistan

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

Updated 18 Mar, 2024 10:34pm

Pakistan

PM Shehbaz stresses enhanced Pak-UAE economic ties

Prime Minister Shehbaz Sharif on Monday called for efforts to enhance economic ties between Pakistan and the United...

Published 18 Mar, 2024 10:20pm

Pakistan

PM Shehbaz felicitates Russian President Vladimir Putin on his re-election

Premier expresses desire to work with Vladimir Putin to further strengthen Pakistan-Russia relations

Published 18 Mar, 2024 10:04pm

Middle East

Biden, Netanyahu hold first call in over a month: White House

WASHINGTON: US President Joe Biden and Israeli Prime Minister Benjamin Netanyahu spoke Monday, the White House said,...

Published 18 Mar, 2024 09:51pm

Europe

Zelensky says ‘critically important’ for US to approve aid soon

KYIV: President Volodymyr Zelensky said Monday that a swift decision by the US Congress on billions of dollars of...

Published 18 Mar, 2024 09:44pm

Markets

SBP keeps key policy rate unchanged at 22%

This is the sixth successive decision to hold rates by Pakistan's central bank

Updated 18 Mar, 2024 08:43pm

Middle East

Gaza world's biggest 'open-air graveyard': EU's Borrell

BRUSSELS: EU foreign policy chief Josep Borrell said Monday that Israel’s military campaign in Gaza had turned the...

Updated 18 Mar, 2024 08:41pm

Stocks

Major Gulf bourses up on strong oil prices; Egypt extends slide

Major stock markets in the Gulf rose on Monday led by the Abu Dhabi benchmark on higher oil prices, while shares in...

Updated 18 Mar, 2024 07:58pm

Stocks

Nasdaq leads Wall St higher ahead of Fed meeting; Nvidia kicks off AI conference

The tech-heavy Nasdaq led gains amongst Wall Street peers on Monday ahead of the U.S. Federal Reserve’s meeting this...

Published 18 Mar, 2024 07:55pm

Sports

Egypt becomes latest host of FIFA’s new friendly series

CAIRO: Egypt became the fifth country to be selected as host of a new series of friendly games introduced by FIFA to...

Published 18 Mar, 2024 07:48pm

Africa

World Bank group to provide Egypt with $6bn over three years

CAIRO: The World Bank Group said on Monday it intends to provide more than $6 billion of support over the coming...

Published 18 Mar, 2024 07:45pm

Sports

Bangladesh call up uncapped pace bowler Rana for Sri Lanka Test

CHITTAGONG: Bangladesh included uncapped fast bowler Nahid Rana in its 15-man squad on Monday for the opening Test...

Published 18 Mar, 2024 07:11pm

Stocks

Stock markets rise before key rate decisions

LONDON: Stock markets climbed and the dollar dipped Monday ahead of interest-rate decisions due this week from the...

Updated 18 Mar, 2024 07:08pm

Middle East

WHO ‘terribly worried’ as battle rages at Gaza’s largest hospital

GENEVA: The World Health Organization chief voiced alarm Monday after Israeli forces launched an operation at Gaza’s...

Published 18 Mar, 2024 07:06pm

Sports

Tanzid, Rishad power Bangladesh to series win against Sri Lanka

CHITTAGONG: Rishad Hossain played an attacking innings of 48 after substitute Tanzid Hasan Tamim hit 84 off 81 balls...

Updated 18 Mar, 2024 06:42pm

Energy

Oil prices climb as attacks on Russian energy facilities intensify

LONDON: Oil benchmark Brent hovered just under the $86 a barrel mark on Monday, extending last week’s gains, as...

Updated 18 Mar, 2024 05:29pm

Europe

EU states urge bloc’s lender to up financing for defence

BRUSSELS: Over half of the EU’s 27 countries, including powerhouses Germany and France, have called for the bloc’s...

Published 18 Mar, 2024 05:24pm

Europe

British PM vows small business help as election looms

LONDON: Britain’s under-fire Prime Minister Rishi Sunak on Monday launched measures to help small businesses...

Published 18 Mar, 2024 05:17pm

Stocks

Sri Lanka shares end lower as industrial, consumer discretionary firms slip

CSE All-Share index settled 0.14% lower at 11,320.85

Published 18 Mar, 2024 04:41pm

Middle East

UN Palestinian refugee agency chief says hunger in Gaza is ‘man-made’

CAIRO: The head of the UN Palestinian refugee agency said on Monday the hunger in the Gaza Strip was “man-made”....

Published 18 Mar, 2024 04:38pm

Energy

Russian oil exports from its western ports revised up 10% in March amid refinery outage

MOSCOW: Russia will increase oil exports through its western ports in March by almost 200,000 barrels per day (bpd)...

Published 18 Mar, 2024 04:30pm

Stocks

Metals lead rise in India’s blue-chips; Adani stocks, small-, mid-caps fall

BENGALURU: Indian blue-chip shares rebounded from a weak start on Monday, lifted by metal companies on strong China...

Published 18 Mar, 2024 04:16pm

Commodities

Copper steady after recent rally, China data supports

LONDON: Copper prices steadied on Monday as the market paused to take stock after the recent run higher, but above...

Published 18 Mar, 2024 04:13pm

Commodities

Palm oil tracks rival oils higher; output expectations, exports cap gains

JAKARTA: Malaysian palm oil futures climbed higher on Monday as stronger rival oils helped boost prices, but...

Published 18 Mar, 2024 04:10pm

Luxury

Michelin to announce 62 newly starred French restaurants

TOURS, France: The Michelin Guide unveils its annual list of the best French restaurants on Monday, with its boss...

Published 18 Mar, 2024 03:03pm

Stocks

China stocks close up on strong activity data

SHANGHAI: China stocks closed higher on Monday, boosted by data that showed the country’s factory output and retail...

Published 18 Mar, 2024 02:32pm

Commodities

London copper slips, Shanghai hits fresh high amid output worries

London copper eased on Monday while prices in Shanghai hit a record high as fears of tight supply countered demand...

Published 18 Mar, 2024 02:30pm

Stocks

London’s FTSE 100 opens higher on miners’ boost

The UK’s FTSE 100 inched higher on Monday as metal miners rose on upbeat economic data from China, while losses in...

Published 18 Mar, 2024 02:08pm

Stocks

Abu Dhabi outperforms Gulf bourses in early trade

Abu Dhabi outshone Gulf stock markets in early trade on Monday, as a rise in oil prices and stronger-than-expected...

Published 18 Mar, 2024 02:07pm

South Asia

The pain and money behind the Afghan game of buzkashi

MAZAR-I-SHARIF: Afghan rider Sarwar Pahlawan blinked away pain from the fresh stitches between his eyes as his...

Published 18 Mar, 2024 01:23pm

Technology

Apple in talks to let Google’s Gemini power iPhone AI features, Bloomberg News says

Apple is in talks to build Google’s Gemini artificial intelligence (AI) engine into the iPhone, Bloomberg News...

Updated 18 Mar, 2024 01:19pm

Life & Style

Monsters, asteroids, vampires: AI conspiracies flood TikTok

WASHINGTON: From vampires and wendigos to killer asteroids, TikTok users are pumping out outlandish end-of-the-world...

Published 18 Mar, 2024 01:06pm

Forex

South African rand slips ahead of CPI, central bank meetings

JOHANNESBURG: South Africa’s rand weakened in early trade on Monday, at the start of a week that will include South...

Published 18 Mar, 2024 01:04pm

Forex

Kenyan shilling steady; importer dollar demand, inflows match

NAIROBI: Kenya’s shilling was steady on Monday with dollar inflows and importer demand matching, traders said....

Published 18 Mar, 2024 01:03pm

Asia

Malaysia’s former PM Mahathir discharged from hospital after infection

KUALA LUMPUR: Malaysia’s former Prime Minister Mahathir Mohamad was discharged from hospital on Monday nearly three...

Published 18 Mar, 2024 01:02pm

Energy

Inventory builds, Red Sea concerns pressure Asia diesel margins: Russell

LAUNCESTON: The profit margin for making diesel in Asia is coming under sustained pressure from a glut of supplies...

Published 18 Mar, 2024 12:49pm

Energy

China Jan-Feb refinery output up 3% on Lunar New Year travels

BEIJING: China’s crude oil throughput in January and February rose 3% compared to the same two months a year...

Published 18 Mar, 2024 12:47pm

Commodities

China’s Jan-Feb coal output slips 4% on high stockpiles, weak price forecasts

BEIJING: China’s coal production in January and February fell 4% from the previous year as high stockpiles and...

Published 18 Mar, 2024 12:24pm

Asia

Antony Blinken, South Korea’s Cho Tae-yul condemn North Korea’s ballistic missile launch

SEOUL: US Secretary of State Antony Blinken and his South Korean counterpart Cho Tae-yul condemned Monday’s...

Published 18 Mar, 2024 12:23pm

Sports

Pep Guardiola focused on ‘final’ against Arsenal

Manchester City are still in the running to pick up two trophies at Wembley this season but manager Pep Guardiola...

Published 18 Mar, 2024 12:14pm

Commodities

South Korea bought 125,000 T feed wheat from US, optional origins

HAMBURG: South Korea’s Major Feedmill Group (MFG) purchased about 125,000 metric tons of animal feed wheat in...

Published 18 Mar, 2024 12:12pm

Europe

NATO chief says climate change undermines global security

BAKU: NATO Secretary General Jens Stoltenberg on Sunday stressed the need to fight global warming, and called...

Published 18 Mar, 2024 11:57am

Sports

Iga Swiatek celebrates Indian Wells title with Zendaya

INDIAN WELLS: Iga Swiatek has become used to rubbing shoulders with celebrities in two years at the top of women’s...

Published 18 Mar, 2024 11:53am

Sports

Kylian Mbappe bags hat-trick as PSG hit six, David continues scoring streak

PARIS: An unstoppable Kylian Mbappe hit a hat-trick as Paris Saint-Germain romped to a 6-2 win away to Montpellier...

Published 18 Mar, 2024 11:48am

Sports

Violence erupts between players and fans after match in Turkiye

ISTANBUL: Violence broke out between supporters of Trabzonspor and players from Fenerbahce after a match on Sunday...

Published 18 Mar, 2024 11:32am

Asia

China’s FM Wang begins diplomatic blitz in New Zealand

WELLINGTON: Chinese Foreign Minister Wang Yi made a rare visit to New Zealand on Monday, stressing the need to work...

Published 18 Mar, 2024 11:22am

Air Chief given one-year extension

ISLAMABAD: In an unprecedented move, weeks after taking over as prime minister, Shehbaz Sharif on Sunday gave Air...

Updated 18 Mar, 2024 11:19am

Stocks

Hong Kong shares open higher

HONG KONG: Hong Kong stocks opened higher on Monday with investors’ eyes on key policy decisions this week from the...

Published 18 Mar, 2024 11:10am

Life & Style

Ropes, brass, salt, stone: Reinventing jewellery in Kenya

NAIROBI: Sisal ropes, salt crystals, volcanic rocks and aged brass: award-winning Kenyan designer Ami Doshi Shah has...

Published 18 Mar, 2024 11:02am

Business & Finance

Singapore’s Feb exports down 0.1% y/y, below forecast

SINGAPORE: Singapore’s non-oil domestic exports fell unexpectedly by 0.1% in February from the same month a year...

Published 18 Mar, 2024 10:49am

Commodities

Wheat recovers from deep losses, attacks on Ukraine support prices

SINGAPORE: Chicago wheat futures rose on Monday for the first time in four sessions, recovering from last week’s...

Published 18 Mar, 2024 10:47am

Bullion Rate

Gold slips as dollar firms, central bank meetings in focus

Gold prices slipped on Monday as the dollar held firm and investors braced for a slew of policy decisions from major...

Published 18 Mar, 2024 10:44am

Commodities

Palm oil tracks rival oils higher, extends winning streak

JAKARTA: Malaysian palm oil futures climbed higher on Monday to extend their winning streak as stronger rival oils...

Published 18 Mar, 2024 10:41am

Stocks

Asia shares up on China data, await clutch of central bank meetings

SYDNEY: Asian shares firmed on Monday as Chinese data surprised on the upside for once, while investors looked to...

Published 18 Mar, 2024 10:38am

Companies

Uber to pay $178 million in Australia taxi class action settlement

SYDNEY: Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi...

Published 18 Mar, 2024 10:36am

Asia

North Korea fires ballistic missiles as Blinken visits Seoul

SEOUL: North Korea fired short-range ballistic missiles into the sea on Monday for the first time in two months, as...

Published 18 Mar, 2024 10:32am

Europe

Vladimir Putin warns the West a Russia-NATO conflict is just one step from World War Three

MOSCOW: Russian President Vladimir Putin warned the West on Monday that a direct conflict between Russia and the...

Published 18 Mar, 2024 10:26am

Europe

Vladimir Putin wins Russia election in landslide with no serious competition

MOSCOW: President Vladimir Putin won a record post-Soviet landslide in Russia’s election on Sunday, cementing his...

Published 18 Mar, 2024 10:20am

Perspectives

Economic agenda: Pakistan will continue walking on a tightrope

After months of political volatility in Pakistan, the dust finally settled over the formation of a new government. A...

Published 18 Mar, 2024 10:18am

Forex

Russian rouble slightly firmer after Putin wins presidential vote

The Russian rouble opened slightly firmer against the US dollar and the euro on Monday, a day after President...

Published 18 Mar, 2024 10:12am

Asia

China January youth jobless rate, excluding students, at 14.6%, stats bureau says

BEIJING: China’s survey-based jobless rate for 16-24 years old, excluding college students, was 14.6% in January,...

Published 18 Mar, 2024 10:10am

Forex

China yuan eases amid caution ahead of global central bank meetings

SHANGHAI: China’s yuan inched lower against the dollar on Monday, as investors were cautious ahead of a busy week of...

Published 18 Mar, 2024 10:08am

Mutual Funds

Rising US yields, record state debt sale to nudge Indian bond yields up

MUMBAI: Indian government bond yields are expected to rise at the start of the week, tracking the rise in US...

Published 18 Mar, 2024 10:06am

Forex

Indian rupee eyes flat open, with focus on Fed outcome, flows and central bank intervention

MUMBAI: The Indian rupee is expected to have a quiet opening to a week in which the Federal Reserve will put out its...

Published 18 Mar, 2024 10:03am

Stocks

Miners, banks pull down Australian shares; RBA in focus

Australian shares inched lower on Monday, dragged down by losses in heavyweight mining and financials stocks, as...

Published 18 Mar, 2024 09:59am

Stocks

Japan’s Nikkei jumps as BOJ policy shift looms

TOKYO: Japan’s Nikkei share average jumped more than 2% on Monday, as investors turned bullish after they learned...

Published 18 Mar, 2024 09:56am

Leghari made minister for Power Div

ISLAMABAD: As the worsening blackouts continue to signal economic distress, Prime Minister Shehbaz Sharif on Sunday...

Updated 18 Mar, 2024 09:55am

Manually or electronically: President says taxpayers to get equal treatment

ISLAMABAD: President of Pakistan has ruled that the filers of income tax returns manually would now be able to enjoy...

Updated 18 Mar, 2024 09:54am

Foreign investment: Ministry under pressure to open up insurance sector

SECP Chairman Akif Saeed says that draft Insurance Ordinance had been shared with the Ministry of Commerce

Updated 18 Mar, 2024 09:53am

Forex

Dollar steady, yen soft as BOJ policy shift beckons

SINGAPORE: The dollar was steady on Monday as traders looked ahead to a week dominated by central bank meetings...

Published 18 Mar, 2024 09:53am

330MW Mine-Mouth Project at Thar coal fields: PPIB seeks update from KE on buying process

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged K-Electric (KE) to share update on initiation...

Updated 18 Mar, 2024 09:51am

FBR restructuring plan: Major impediment to implementation seems to be bureaucracy itself

ISLAMABAD: The interaction of new Finance Minister with Federal Board of Revenue’s team clearly reflects FM’s...

Updated 18 Mar, 2024 09:51am

World Bank downgrades performance of $200m KPHCIP

ISLAMABAD: The World Bank has downgraded the performance of Khyber Pakhtunkhwa Human Capital Investment Project...

Updated 18 Mar, 2024 09:50am

Stocks

Profit-booking continues in Indian markets; Adani stocks, small-, mid-caps decline

BENGALURU: Indian blue-chip shares fell on Monday, as broad-based profit booking continued, after logging their...

Published 18 Mar, 2024 09:50am

Pakistan

Zardari heaps praise on martyred soldiers, salutes them

ISLAMABAD: The funeral prayers of two army officers – Lt Col Syed Kashif Ali and Capt Muhammad Ahmed Badar – who...

Updated 18 Mar, 2024 09:21am

Israeli PM vows to invade Rafah despite world ‘pressure’

GAZA STRIP, (Palestinian Territories): Israeli Prime Minister Benjamin Netanyahu vowed Sunday to send ground forces...

Updated 18 Mar, 2024 08:58am

Brownfield Refinery Policy: PM for arranging signing ceremony of refinery upgrade agreements

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Petroleum Division to arrange signing ceremony of refinery...

Updated 18 Mar, 2024 08:55am

Business & Finance

Iran inks big contracts to increase oil production

TEHRAN: Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil...

Updated 18 Mar, 2024 08:55am

BR’s refresher: your morning briefing for the day

Important updates from March 16 and March 17, 2024

Published 18 Mar, 2024 08:54am

BR Research

LSM: Still in red, just

The Large-Scale Manufacturing (LSM) Index, on a cumulative basis, stayed negative for the 19th straight month, as...

Published 18 Mar, 2024 08:17am

BR Research

Cement: Out of proportion

Looking at February’s dispatches, cement industry may kick off the final lap of the fiscal year FY24 in a fix. With...

Published 18 Mar, 2024 08:14am

BR Research

Feroz1888 Mills Limited

Feroz1888 Mills Limited (PSX: FML) was incorporated in Pakistan as a public limited company in 1972. The company is...

Published 18 Mar, 2024 08:10am

Opinion

Self-sufficiency versus loan dependence

As Pakistan steps into critical discussions with the International Monetary Fund (IMF), it’s confronting immense...