News Archives for Latest - 2024-03-19

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Archive - 2024-03-19

Travel

Hai Ramadan at Expo City Dubai, more markets to explore

Number of lively souks and markets will be set up across emirate

Updated 19 Mar, 2024 11:38pm

World

Israel war undermining top UN court, South Africa says

WASHINGTON: South Africa’s top diplomat on Tuesday accused Israel of setting a precedent for leaders to defy the top...

Published 19 Mar, 2024 11:28pm

World

US says Israel should allow UN Palestinian agency chief in Gaza

WASHINGTON: The United States said Tuesday that Israel should let the head of the UN agency for Palestinian refugees...

Published 19 Mar, 2024 11:21pm

Stocks

Stocks stage comeback, KSE-100 gains nearly 1%

Benchmark index settles at 65,502.60 level

Updated 19 Mar, 2024 10:23pm

Energy

YoY: Pakistan’s power generation cost jumps, generation dips in February

Cost of power generation in Pakistan was up 9% while generation dipped 8% in February 2024. The cost in February...

Updated 19 Mar, 2024 10:22pm

Pakistan

Interior minister Mohsin Naqvi urges ‘better laws’ to regulate internet free speech

ISLAMABAD: Pakistan’s new interior minister Mohsin Naqvi said Tuesday the country needed better laws to regulate...

Updated 19 Mar, 2024 10:22pm

Pakistan

Pakistan to launch fresh Afghan deportations: officials

PESHAWAR: Pakistan will begin a renewed push to deport Afghan migrants from the country next month, officials said...

Published 19 Mar, 2024 10:19pm

Companies

Chashma Sugar Mills to set up ethanol manufacturing facility

Chashma Sugar Mills Limited (CHAS), one of the largest sugar mills in the country, has announced to set-up an...

Updated 19 Mar, 2024 10:14pm

Money & Banking

RDA inflow falls marginally, clocks in at $141mn in February

Inflow through the Roshan Digital Account (RDA) clocked in at $141 million in February, a decline of 0.7% as...

Updated 19 Mar, 2024 10:13pm

Business & Economy

Pakistan’s current account posts surplus of $128mn in February 2024

Overall balance stands at deficit of $1bn during 8MFY24 against $3.85bn in same period of FY23

Updated 19 Mar, 2024 09:56pm

Sports

India’s Pant to captain Delhi Capitals in IPL

NEW DELHI: Star wicketkeeper-batsman Rishabh Pant will captain Delhi Capitals in the Indian Premier League,...

Published 19 Mar, 2024 09:45pm

Exchange

Pakistan’s REER index increases further to 102.2 in February 2024

This is the highest level since May 2021, says brokerage house AHL

Updated 19 Mar, 2024 09:35pm

Sports

Bangladesh’s Mushfiqur injured, out of Sri Lanka Tests

DHAKA: Veteran Bangladesh batsman Mushfiqur Rahim has been ruled out of the upcoming Test series against Sri Lanka...

Published 19 Mar, 2024 08:56pm

Forex

Rupee remains largely stable against US dollar

Currency settles at 278.64 against US dollar

Updated 19 Mar, 2024 08:42pm

Pakistan

Fighting halted on Afghanistan-Pakistan border: Taliban govt

KABUL: Fighting has stopped on the Afghanistan-Pakistan border after Pakistani air strikes sparked skirmishes, a...

Updated 19 Mar, 2024 08:38pm

Pakistan

Court acquits Nawaz Sharif’s sons in NAB cases

Cases relate to Al-Azizia Steel Mills, Flagship company and Avenfield apartments

Updated 19 Mar, 2024 08:37pm

Companies

Finja ‘demands’ Opay to clear payments against sale of EMI

Finja, a leading fintech in Pakistan, announced what it called “frustration regarding the failure of Opay...

Published 19 Mar, 2024 08:07pm

Forex

Bitcoin slides 6%, while altcoins sparkle

WASHINGTON/LONDON/SINGAPORE: Bitcoin fell by as much as 6.5% on Tuesday, on track for its largest one-day drop in...

Updated 19 Mar, 2024 07:30pm

Stocks

Major Gulf bourses end mixed; Egypt extends slide

Major stock markets in the Gulf put in a mixed performance on Tuesday as investors turned cautious ahead of the U.S....

Published 19 Mar, 2024 07:23pm

Stocks

S&P 500, Nasdaq fall in lead-up to Fed meeting; chip stocks down

The S&P 500 and the Nasdaq fell on Tuesday with most megacap and chip stocks weakening, while sentiment remained...

Published 19 Mar, 2024 07:19pm

Money & Banking

US Fed kicks off rate meeting with timing of cuts up for discussion

WASHINGTON: The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to...

Published 19 Mar, 2024 07:17pm

Stocks

US stocks mostly down after Bank of Japan pivot

NEW YORK: Wall Street stocks mostly fell early Tuesday ahead of a Federal Reserve decision as Japan’s central bank...

Published 19 Mar, 2024 07:14pm

Sports

Shadab Khan leads team of the tournament for PSL 9

The team also includes Babar Azam, Imad Waseem and Naseem Shah

Published 19 Mar, 2024 06:31pm

Europe

Egypt’s Sisi congratulates Putin on election win

CAIRO: Egyptian President Abdel Fattah al-Sisi congratulated Russian conterpart Vladimir Putin Tuesday on his...

Published 19 Mar, 2024 05:54pm

Europe

US defence chief says Washington will not let Ukraine fail

RAMSTEIN AIR BASE: Defense Secretary Lloyd Austin promised Tuesday that the United States will not let Ukraine fail,...

Published 19 Mar, 2024 05:36pm

Europe

Russia says captured frontline village in east Ukraine

MOSCOW: Russia said Tuesday its forces had taken control of Orlivka, a frontline village about four kilometres (2.5...

Published 19 Mar, 2024 05:32pm

Middle East

Qatar ‘cautiously optimistic’ as Gaza truce talks progress

DOHA: Negotiations for a Gaza ceasefire and hostage release are progressing in Doha and a counter-proposal could...

Published 19 Mar, 2024 05:29pm

World

Afghan refugee found guilty of Pakistani immigrant murder, convicted in New Mexico Muslim killings case

A New Mexico jury on Monday found an Afghan asylum seeker guilty of murdering a Pakistani immigrant in one of three...

Updated 19 Mar, 2024 05:26pm

South Asia

China unveils new steps to attract foreign investment

BEIJING: China’s cabinet on Tuesday unveiled new steps to arrest a slowdown in foreign investment, including...

Published 19 Mar, 2024 04:46pm

Europe

EU’s Borrell wants to use 90% of frozen Russian assets revenues to buy arms for Ukraine

BRUSSELS: European Union foreign policy chief Josep Borrell said on Tuesday he will propose that the EU uses 90...

Published 19 Mar, 2024 04:40pm

Energy

Oil stays near-four month high but Russia export uptick weighs

LONDON: Oil prices were largely steady on Tuesday near four-month highs after breaking above range-bound trading...

Updated 19 Mar, 2024 04:35pm

Stocks

Indian blue-chip shares slip to 5-week low ahead of US rate decision; IT leads losses

BENGALURU: Indian shares fell on Tuesday as TCS led a sharp decline in information technology stocks ahead of the...

Published 19 Mar, 2024 04:33pm

Stocks

Sri Lanka shares decline as industrials, financials slip

CSE All-Share index settled 0.39% lower at 11,276.31

Published 19 Mar, 2024 04:30pm

Commodities

Copper falls as dollar rises, investors lock in profits after rally

LONDON: Copper prices fell in London on Tuesday as investors locked in profits from the metal’s recent rally and the...

Published 19 Mar, 2024 04:28pm

Commodities

Palm oil drops on profit-taking, lacklustre soy oils

JAKARTA: Malaysian palm oil futures shed early strength to edge lower on Tuesday, in the absence of no new catalysts...

Published 19 Mar, 2024 04:26pm

South Asia

Bangladesh, Pakistan and India bottom in air quality rankings in 2023, data shows

SINGAPORE: Pakistan remained one of the world’s three smoggiest countries in 2023, as Bangladesh and India replaced...

Updated 19 Mar, 2024 03:49pm

Companies

Haier AC Cashback Offer of up to Rs5,000: a cool solution to inflation woes

As inflation continues to rise, consumers are faced with the challenge of balancing their budgets amidst increasing...

Published 19 Mar, 2024 03:44pm

Travel

Ancient city that could bridge Turkey and Armenia’s bitter divide

KARS, Turkey: Look at this stone bridge,“ said writer Vedat Akcayoz pointing to the crumbling stumps of a...

Published 19 Mar, 2024 03:43pm

Bullion Rate

Gold price per tola increases Rs400 in Pakistan

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

Published 19 Mar, 2024 03:35pm

Stocks

Major Gulf bourses mixed in early trade; Fed meet in focus

Major stock markets in the Gulf put in a mixed performance in early trade on Tuesday, amid volatile oil prices and...

Published 19 Mar, 2024 03:06pm

Stocks

FTSE 100 inches up on Unilever boost; inflation data awaited

London’s FTSE 100 inched up on Tuesday, propped up by Unilever on its ice cream unit spin-off plans, though gains...

Published 19 Mar, 2024 03:04pm

South Asia

India calls China defence ministry’s claims over Arunachal Pradesh state ‘absurd’

NEW DELHI: India’s foreign ministry said on Tuesday the Chinese defence ministry was advancing “absurd claims” over...

Published 19 Mar, 2024 03:02pm

Europe

Russia’s Vladimir Putin to visit China in May

BEIJING/MOSCOW: Russian President Vladimir Putin will travel to China in May for talks with Xi Jinping, in what...

Published 19 Mar, 2024 02:57pm

Companies

Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings

Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben &...

Updated 19 Mar, 2024 02:53pm

Life & Style

New pictures of Kate published a week after photo-editing furore

LONDON: British media on Monday published new images of Catherine, Princess of Wales, a week after a furore over an...

Published 19 Mar, 2024 02:51pm

Technology

Tencent Music beats quarterly revenue estimates

China’s Tencent Music Entertainment Group beat fourth-quarter revenue estimates on Tuesday, driven by growth in paid...

Published 19 Mar, 2024 02:50pm

Europe

Need to send clear signal to Vladimir Putin about supporting Ukraine: Scholz

Germany and its allies need to send a clear signal to Russian President Vladimir Putin of their support for Ukraine...

Published 19 Mar, 2024 02:49pm

Europe

Vladimir Putin is not the legitimate president of Russia: Yulia Navalnaya

LONDON: Yulia Navalnaya, the widow of Russian opposition leader Alexei Navalny, said on Tuesday that Vladimir Putin...

Published 19 Mar, 2024 02:47pm

Technology

China’s Xiaomi Q4 2023 revenue rises 11%, beats estimates

BEIJING: Chinese smartphone maker Xiaomi reported a 10.9% rise in fourth-quarter revenue on Tuesday, boosted by...

Published 19 Mar, 2024 02:45pm

Stocks

European stocks open steady ahead of Fed rate call

PARIS: European stock markets steadied at the open Tuesday before a US Federal Reserve meeting and after the Bank of...

Published 19 Mar, 2024 02:32pm

Africa

11 students from top Kenyan university killed in bus crash

NAIROBI: A bus carrying students from a top Kenyan university collided with a truck on a busy highway after skidding...

Published 19 Mar, 2024 02:30pm

Europe

Britain’s deputy PM defends Israel but calls for ‘immediate ceasefire’ in Gaza

SEOUL: Britain’s deputy prime minister defended on Tuesday Israel’s right to protect itself amid growing tension...

Published 19 Mar, 2024 02:25pm

Stocks

China stocks fall on worries over deepening property crisis

SHANGHAI: China stocks fell on Tuesday, tracking regional markets lower, as worries over the country’s deepening...

Published 19 Mar, 2024 02:23pm

Forex

Asian currencies, equities range-bound; cenbank meetings on tap

Most Asian currencies eased against the greenback on Monday, while equities were range-bound, as market focus shifts...

Published 19 Mar, 2024 02:22pm

Business & Finance

Turkiye central bank net reserves dropped some $1.2bn last week, bankers say

ANKARA: The Turkiye Central Bank’s net reserves fell around $1.2 billion last week amid strong local forex demand...

Published 19 Mar, 2024 02:20pm

Sports

Kylian Mbappe’s reduced playing time with PSG may benefit France, Deschamps says

Kylian Mbappe’s reduced playing time with Paris St Germain in recent weeks could be good news for the France...

Published 19 Mar, 2024 02:19pm

Business & Finance

ECB ready in June to discuss rate cuts, de Guindos says

FRANKFURT: The European Central Bank will be in position to discuss an interest rate cut in June, Vice President...

Published 19 Mar, 2024 02:17pm

Forex

South African rand weakens ahead of Fed policy decision

JOHANNESBURG: South Africa’s rand weakened in early trade on Tuesday, as the US dollar traded higher ahead of the...

Published 19 Mar, 2024 02:16pm

Sports

Australia call off T20 series v Afghanistan over women’s rights

MELBOURNE: Australia have called off a T20 series against Afghanistan citing a deteriorating human rights situation...

Published 19 Mar, 2024 02:15pm

Asia

Antony Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

MANILA: US Secretary of State Antony Blinken will travel to Saudi Arabia and Egypt this week to discuss efforts to...

Updated 19 Mar, 2024 01:28pm

Business & Finance

AstraZeneca to buy Fusion Pharma for $2 billion in cash

AstraZeneca said on Tuesday it will buy clinical-stage biopharmaceutical company Fusion Pharmaceuticals Inc for...

Published 19 Mar, 2024 12:56pm

Business & Finance

Swiss central bank calls for more action on capital regulation

ZURICH: The Swiss National Bank (SNB) on Tuesday said more action needed to be taken on capital regulation following...

Published 19 Mar, 2024 12:55pm

Arts

New Banksy mural depicting tree foliage appears in north London

LONDON: A new artwork by British street artist Banksy has appeared in London, using green paint sprayed across the...

Published 19 Mar, 2024 12:41pm

Mutual Funds

Euro zone bond yields hold steady as BOJ ends negative rates

LONDON: Euro zone bond yields were little changed on Tuesday, with the focus of global markets on the Bank of Japan,...

Published 19 Mar, 2024 12:37pm

Sports

Lionel Messi out of Argentina friendlies: federation

BUENOS AIRES: Lionel Messi has been ruled out of Argentina’s upcoming friendlies in the United States due to a...

Published 19 Mar, 2024 11:47am

USA

Joe Biden to host Philippines, Japan leaders April 11: White House

WASHINGTON: US President Joe Biden will host his Philippines counterpart Ferdinand Marcos and Japanese Prime...

Published 19 Mar, 2024 11:46am

Stocks

Hong Kong shares drop at open

HONG KONG: Hong Kong stocks opened lower Tuesday as traders gear up for a Federal Reserve interest rate decision...

Published 19 Mar, 2024 11:44am

Asia

North Korea’s Kim oversees ‘super-large’ rocket launcher drills

SEOUL: North Korean leader Kim Jong Un oversaw firing drills involving “newly-equipped super-large” multiple rocket...

Published 19 Mar, 2024 11:43am

World

700 people stranded by Australia cyclone

SYDNEY: About 700 people were stranded in far northern Australia Tuesday after a tropical cyclone barrelled through...

Published 19 Mar, 2024 11:40am

Sports

Sri Lanka’s Wanindu Hasaranga out of retirement for Bangladesh Test series

DHAKA: Sri Lankan all-rounder Wanindu Hasaranga has come out of Test retirement for the two-match series in...

Published 19 Mar, 2024 11:38am

Mutual Funds

Japan’s 10-year JGB yield rises ahead of BOJ policy decision

TOKYO: Japan’s 10-year government bond yield rose on Tuesday, as investors braced for the Bank of Japan’s (BOJ)...

Published 19 Mar, 2024 11:16am

Stocks

Asian markets mixed as Japan hikes interest rates

HONG KONG: The yen weakened and Tokyo stocks rose Tuesday after the Bank of Japan hiked interest rates for the first...

Published 19 Mar, 2024 11:14am

Middle East

Israeli airstrikes target Damascus countryside, Syria says

AMMAN: Israel early on Tuesday launched missiles at several military targets outside the Syrian capital Damascus...

Published 19 Mar, 2024 11:05am

Business & Finance

Australia’s central bank holds rates as expected, waters down tightening bias

SYDNEY: Australia’s central bank held interest rates steady on Tuesday and watered down its tightening bias,...

Published 19 Mar, 2024 10:54am

Asia

China, New Zealand should start talks on service trade soonest, Chinese foreign minister says

BEIJING: China and New Zealand should launch negotiations on the negative list of service trade “as soon as...

Published 19 Mar, 2024 10:52am

Discos’ tariffs for February: CPPA-G seeks Rs5 per unit positive adjustment

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought a positive adjustment of Rs5 per unit...

Updated 19 Mar, 2024 10:49am

Business & Finance

Bank of Japan ends negative rates, farewells era of radical policy

TOKYO: The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox...

Published 19 Mar, 2024 10:48am

Mutual Funds

Indian bond yields flattish before state debt auction

MUMBAI: Indian government bond yields were largely unchanged after moving higher in early session on Tuesday as...

Published 19 Mar, 2024 10:47am

Forex

China’s yuan steady with markets focused on the Bank of Japan

SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, with market attention diverted by the Bank of...

Published 19 Mar, 2024 10:46am

Sports

Emma Raducanu withdraws from Miami Open - media reports say

Britain’s Emma Raducanu has withdrawn from the Miami Open on the eve of her first-round match due to a lower back...

Published 19 Mar, 2024 10:45am

Stocks

Japan’s Nikkei slides before BOJ decision as chip shares weigh

TOKYO: Japan’s Nikkei share average slid on Tuesday ahead of a pivotal Bank of Japan policy decision, with investors...

Published 19 Mar, 2024 10:34am

Forex

Indian rupee edges down pressured by weaker Asian peers, high oil prices

MUMBAI: The Indian rupee softened marginally on Tuesday, pressured by weakness in other Asian currencies and...

Published 19 Mar, 2024 10:28am

Talks with IMF extended to today

ISLAMABAD: Talks between the International Monetary Fund (IMF) and Pakistani authorities on the second review have...

Updated 19 Mar, 2024 10:26am

Mutual Funds

China’s bonds boom as investors face ‘asset famine’

SHANGHAI: A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China’s...

Published 19 Mar, 2024 10:25am

Stocks

IT drags Indian shares at the open; TCS drops 3%

BENGALURU: Indian shares opened lower on Tuesday, dragged by IT stocks, after Tata Consultancy Services’ holding arm...

Published 19 Mar, 2024 10:21am

Forex

Australian dollar slips as RBA softens policy bias

SYDNEY: The Australian dollar slipped on Tuesday after the country’s central bank held rates steady as expected but...

Published 19 Mar, 2024 10:19am

Europe

Drones are key to gain advantage over Russia, Ukraine army chief says

The development of unmanned systems, or drones, is key to give Kyiv an advantage over “a numerically superior”...

Published 19 Mar, 2024 10:18am

Bullion Rate

Gold holds ground as investors seek direction from Fed

Gold held steady on Tuesday as investors stayed on the sidelines ahead of the US Federal Reserve policy meeting this...

Published 19 Mar, 2024 10:15am

Commodities

Wheat steadies after rally on Russian attacks on Ukraine

CANBERRA: Chicago wheat futures were unchanged on Tuesday after export-threatening Russian attacks on Ukrainian...

Published 19 Mar, 2024 10:13am

Sports

Mumbai skipper Hardik Pandya fit to bowl in IPL, Kohli back in action for Bangalore

NEW DELHI: All-rounder Hardik Pandya has declared himself fit to bowl in the upcoming Indian Premier League (IPL), a...

Published 19 Mar, 2024 10:12am

Commodities

Palm oil rises in early trade, tracking Dalian contract

JAKARTA: Malaysian palm oil futures rose on Tuesday, taking cues from Dalian’s palm oil prices, to regain some of...

Published 19 Mar, 2024 10:10am

‘Revenue requirements’: Sindh industries and PLL reject SSGC’s plea

ISLAMABAD: Sindh industries and Pak LNG Limited (PLL) rejected the petition of Sui Southern Gas Company (SSGC) for...

Updated 19 Mar, 2024 10:07am

Levying tax on annual rental value property: SC questions Sindh govt for not considering matter

ISLAMABAD: The Supreme Court questioned why the Sindh government is not seriously taking up the matter of levying of...

Updated 19 Mar, 2024 10:06am

Forex

Yen falls after BOJ ends negative rates; Aussie slips

SINGAPORE: The yen fell on Tuesday after the Bank of Japan (BOJ) ended its negative interest rate policy in a...

Published 19 Mar, 2024 09:53am

Coal shortage period: Chinese may be allowed to declare OFME

This understanding will be part of minutes of next Energy Planning Expert Panel (EPEP) of China Pakistan Economic Corridor

Updated 19 Mar, 2024 09:50am

Companies

Senior PIA official confident EASA will lift ban this year

A senior official at Pakistan International Airlines (PIA) is hopeful that flights to Europe and the UK will resume...

Updated 19 Mar, 2024 09:48am

Pakistan

Three-month Punjab budget: govt presents proposals

LAHORE: The Government of Punjab has presented three-month budget proposals for the province for approval, totalling...

Updated 19 Mar, 2024 09:48am

BR Research

MPS: slow (and cautious) wins the race

As expected, SBP has maintained the policy rate at 22 percent. However, the implied forward guidance (the language...

Updated 19 Mar, 2024 09:43am

Power consumers: President confirms FTO’s decision

ISLAMABAD: President of Pakistan has confirmed Federal Tax Ombudsman’s decision to alleviate miseries of power...

Updated 19 Mar, 2024 09:21am

Misinvoicing issue: Directorate of Valuation implements ‘LIVE’ System

ISLAMABAD: In order to effectively address the issue of misinvoicing at the import stage, Directorate of Valuation,...

Updated 19 Mar, 2024 09:21am

Business & Finance

Policy rate kept unchanged at 22pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), adopting a cautious approach, has...

Updated 19 Mar, 2024 09:20am

PSO says LNG business ‘bleeding’ its resources

ISLAMABAD: Pakistan State Oil (PSO) has claimed that LNG (Liquefied Natural Gas) business is bleeding its financial...

Updated 19 Mar, 2024 09:20am

ADB approves $250m for two power transmission projects

ISLAMABAD: Asian Development Bank (ABD) is to extend financing of $ 250 million for two power sector transmission...

Updated 19 Mar, 2024 09:20am

BR Research

Oil prices in for a surge?

International oil prices have hovered and remained steady over the last month only to be triggered by some recent...

Published 19 Mar, 2024 09:03am

BR Research

Aruj Industries Limited

Aruj Industries Limited (PSX: ARUJ) is a public limited company established in 1992. The principal activity of the...

Published 19 Mar, 2024 09:00am

BR’s refresher: your morning briefing for the day

Important updates from March 18, 2024

Published 19 Mar, 2024 09:00am

Opinion

Time to revisit the NFC Award

Notwithstanding the recent IMF demand to amend the existing NFC award, there is a longstanding need to address the...