News Archives for Latest - 2024-03-25

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Archive - 2024-03-25

World

Gaza’s hungry eat wild plant with no aid relief in sight

GAZA: As the U.N. Security Council demands an immediate ceasefire in Gaza and concerns grow that famine may take...

Published 25 Mar, 2024 10:50pm

World

Trump says Hamas’ Oct 7 attack was horrible, but Israel should wrap up war

JERUSALEM: Republican presidential candidate Donald Trump said he would have reacted the same way Israel did after...

Published 25 Mar, 2024 10:42pm

USA

US disappointed by cancelation of Israeli visit: White House

WASHINGTON: The United States is “very disappointed” by the cancelation of an Israeli delegation’s planned visit to...

Published 25 Mar, 2024 10:35pm

Energy

Power sector woes: PM Shehbaz assigns tasks to ministries

Wants them completed in 1-3 months

Updated 25 Mar, 2024 10:23pm

Pakistan

PM Shehbaz directs swift action against tax defaulters, evaders

Prime Minister Shehbaz Sharif on Monday directed the initiation of action against tax defaulters and evaders on an...

Updated 25 Mar, 2024 10:23pm

Middle East

UN Security Council demands immediate ceasefire in Gaza

United States abstains, remaining 14 council members vote for resolution
Netanyahu cancels Israeli delegation's visit to Washington

Updated 25 Mar, 2024 10:21pm

Markets

Systems Limited reports 2023 profit at Rs8.7bn, 31% higher YoY

Brokerage house Topline Securities says results 'lower than expectation'

Updated 25 Mar, 2024 10:08pm

Stocks

Oil, gas stocks drive positive momentum at PSX

Benchmark KSE-100 settles at 65,525.65

Updated 25 Mar, 2024 10:07pm

Pakistan

Pakistan sends ‘best wishes’ on Bangladesh’s Independence Day

Pakistan Prime Minister Shehbaz Sharif conveyed his felicitations to the government and people of Bangladesh on the...

Published 25 Mar, 2024 10:00pm

Europe

Julian Assange appeal ruling to be given by London High Court on Tuesday

LONDON: London’s High Court will hand down its ruling on Tuesday on whether WikiLeaks founder Julian Assange will be...

Published 25 Mar, 2024 09:58pm

Energy

Oil up on supply concerns as Russia orders output cuts

HOUSTON: Oil prices rose on Monday as the Russian government ordered producers to curb output as hostilities between...

Updated 25 Mar, 2024 09:55pm

Pakistan

Murad Saeed, Azam Swati allowed to contest Senate polls

An Appellate Tribunal of the Peshawar High Court (PHC) on Monday allowed Pakistan Tehreek-e-Insaf (PTI) leaders...

Published 25 Mar, 2024 09:29pm

Sports

Imad, Amir return as PCB announces 29 players for Kakul fitness camp

The Pakistan Cricket Board (PCB) has announced a list of 29 players – including Imad Wasim and Mohammad Amir, both...

Updated 25 Mar, 2024 09:26pm

Middle East

Israel kills dozens in Gaza attacks and besieges two hospitals: Palestinian medics

CAIRO: Israel’s military killed dozens of people in new attacks in Gaza, Palestinian medics said on Monday, and its...

Updated 25 Mar, 2024 09:21pm

USA

Trump wins lifeline in fraud case after court slashes crippling bond demand

NEW YORK: Donald Trump was thrown a huge lifeline Monday when an appeals court slashed what could have been a...

Published 25 Mar, 2024 09:19pm

Bullion Rate

Gold unchanged at Rs228,200 per tola in Pakistan

Gold prices remained unchanged in Pakistan on Monday while the yellow metal gained marginally in the international...

Updated 25 Mar, 2024 08:49pm

Europe

UK PM Sunak promises action against Chinese cyberattacks

LONDON: Prime Minister Rishi Sunak said on Monday the UK would do what was necessary to protect itself from a...

Published 25 Mar, 2024 07:14pm

Stocks

US stocks fall, but Boeing CEO’s departure well-received

NEW YORK: US stocks pulled back from recent highs on Monday as investors digested the news that Boeing’s chief...

Published 25 Mar, 2024 07:11pm

Movies & Music

Adnan Siddiqui, Sajal Ali celebrate presidential honours

Actors Adnan Siddiqui and Sajal Ali celebrated their recent presidential honours on social media, as they were...

Updated 25 Mar, 2024 06:36pm

Technology

SIFC gives go-ahead for establishing largest IT Park in Islamabad

The Special Investment Facilitation Council (SIFC) has given the green-light to establish Pakistan’s largest IT Park...

Updated 25 Mar, 2024 06:33pm

Sports

Chennai to host IPL final on May 26

Chennai will host the Indian Premier League (IPL) final on May 26, the first time in 12 years the city is hosting...

Published 25 Mar, 2024 06:32pm

Currency

Rupee remains largely stable against US dollar

Currency settles at 278.13 level against the US dollar in inter-bank market

Updated 25 Mar, 2024 06:30pm

Arts

Christie’s to open new Hong Kong HQ, sees growing Asian Gen Z interest

HONG KONG: Auction house Christie’s hopes its new 50,000-sq-ft Asia headquarters that opens in Hong Kong in...

Published 25 Mar, 2024 05:55pm

Sports

Bayern’s Kane in frame for Dortmund after return to individual training

MUNICH: Bayern Munich striker Harry Kane returned from an ankle injury to take part in club training on Monday,...

Published 25 Mar, 2024 05:44pm

Stocks

Stock markets drop as geopolitics, inflation concerns weigh

LONDON: Leading European and Asian stock markets retreated Monday, as recent record heights gave way to concern over...

Updated 25 Mar, 2024 05:41pm

Technology

Tech lobby slams EU ‘rush’ to probe Apple, Google and Meta

BRUSSELS: The EU probes launched Monday into Apple, Google and Meta send a “worrying signal”, one of the main tech...

Published 25 Mar, 2024 05:16pm

Europe

Macron says IS behind Russia attack, also targeted France

MATOURY: French President Emmanuel Macron on Monday said France has information that Islamic State (IS) carried out...

Published 25 Mar, 2024 05:05pm

Middle East

UN agency a ‘lifeline of hope’ for Palestinians: Guterres

AMMAN: United Nations chief Antonio Guterres on Monday defended the UN agency for Palestinian refugees as a...

Published 25 Mar, 2024 05:02pm

Forex

Kenyan shilling firms to new 1-year high

The Kenyan shilling hit a new one-year high against the dollar on Monday, LSEG data showed, extending a recent...

Published 25 Mar, 2024 03:56pm

Pakistan

2024: list of civilian, military awards conferred by president

One Sitara-i-Basalat, 135 Tamgha-i-Basalat, 45 Imtiazi Asnad, 148 COAS Commendation Cards, 23 Hilal-i-Imtiaz...

Updated 25 Mar, 2024 03:55pm

Travel

Big hotel chains and unbranded-hotel owners find they need each other

NEW YORK: Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as...

Published 25 Mar, 2024 03:49pm

Middle East

UN chief says there’s growing consensus to tell Israel a ceasefire needed

AMMAN: UN Secretary-General Antonio Guterres said during a visit to Jordan on Monday that there is growing...

Published 25 Mar, 2024 03:53pm

BR Research

An interview with Musadaq Zulqarnain, chairman Interloop Limited

‘Pakistan set to lose export market share to India unless we get our act together’ Musadaq Zulqarnain is among the...

Updated 25 Mar, 2024 03:27pm

Europe

Missile debris falls in Kyiv, building badly damaged, say Ukrainian officials

KYIV: A three-storey building in central Kyiv was badly damaged in a Russian missile attack on Monday morning that...

Updated 25 Mar, 2024 02:50pm

Forex

Ugandan shilling flat, may weaken on inter bank demand

KAMPALA: The Ugandan shilling was flat on Monday, but some appetite for hard currency from inter bank players was...

Published 25 Mar, 2024 02:32pm

Forex

Sterling hovers near one-month low on rate cut bets

LONDON: The pound was little changed on Monday, hovering near its lowest level in a month after investors last week...

Published 25 Mar, 2024 02:31pm

South Asia

Sri Lankan prime minister arrives in China for state visit

BEIJING: Sri Lankan Prime Minister Dinesh Gunawardena arrived in China Monday for a visit during which he will meet...

Published 25 Mar, 2024 02:27pm

Sports

Kasun Rajitha takes five wickets as Sri Lanka crush Bangladesh

SYLHET: Kasun Rajitha claimed his second five-wicket haul in Test cricket as Sri Lanka crushed Bangladesh by 328...

Updated 25 Mar, 2024 02:21pm

Stocks

Energy shares prop up London’s FTSE 100

London’s FTSE 100 kicked off the holiday-shortened week on a marginally higher note on Monday, supported by strength...

Published 25 Mar, 2024 02:18pm

Stocks

Most Gulf bourses dip in early trade; Dubai gains

Most stock markets in the Gulf were down in early trade on Monday, tracking Asian peers lower ahead of US inflation...

Published 25 Mar, 2024 02:16pm

Energy

Russia’s Gazprom ships first LNG cargo from Portovaya to Spain

MOSCOW: Russia’s Gazprom shipped a cargo of liquefied natural gas (LNG) from its small-scale Portovaya LNG plant on...

Published 25 Mar, 2024 02:12pm

Traders welcome registration of shopkeepers’ scheme

All Pakistan Anjuman Tajran strongly supports registration of traders’ community without increase in burden or incidence of taxes on shopkeepers

Updated 25 Mar, 2024 01:38pm

Commodities

Cocoa rally and market tumult hoist systematic hedge funds ahead of their peers

LONDON: Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using...

Published 25 Mar, 2024 01:33pm

Mutual Funds

JGB yields inch down as investors await further BOJ policy clues

TOKYO: Japanese government bond (JGB) yields ticked down on Monday, as investors looked ahead this week for clues on...

Published 25 Mar, 2024 01:31pm

Forex

South African rand edges higher ahead of rate decision

JOHANNESBURG: The South African rand edged higher at the start of a week that will include the central bank’s...

Published 25 Mar, 2024 12:56pm

Europe

Russia casts doubt on Islamic State responsibility for concert attack

MOSCOW: Russia on Monday cast doubt on assertions by the United States that the Islamic State group was responsible...

Published 25 Mar, 2024 12:55pm

Forex

Asian currencies oscillate within tight range; shares muted

Emerging Asian currencies were stuck in tight ranges on Monday, as the greenback received a boost from rising...

Published 25 Mar, 2024 12:51pm

Forex

Binance to end support for USDC stablecoin on Tron blockchain network

Cryptocurrency exchange Binance said on Monday it will end support for deposits and withdrawals via the Tron...

Published 25 Mar, 2024 12:41pm

Asia

Nine missing after Indonesia landslide, flooding

JAKARTA: At least nine Indonesians were reported missing overnight and more than 200 were evacuated after a...

Published 25 Mar, 2024 12:35pm

Stocks

Tokyo stocks end lower on profit-taking

TOKYO: Tokyo stocks snapped a four-day winning streak to close lower on Monday, as investors took profits after the...

Published 25 Mar, 2024 12:29pm

Middle East

UN Security Council to vote on new Gaza ceasefire resolution

UNITED NATIONS: The UN Security Council will vote Monday on a new draft resolution on an “immediate” ceasefire in...

Published 25 Mar, 2024 11:37am

Sports

England boss Southgate keen to see youngsters ‘excel’

LONDON: England manager Gareth Southgate shrugged off injuries in his squad ahead of a testing friendly against...

Published 25 Mar, 2024 11:28am

Asia

Five Rohingya found dead after Indonesia boat capsize: UN

MEULABOH: The bodies of at least five Rohingya refugees have been recovered off Indonesia’s westernmost coast after...

Published 25 Mar, 2024 11:26am

Europe

Kate Middleton conspiracies linger after cancer revelation

WASHINGTON: The revelation that Britain’s Catherine, Princess of Wales, has cancer prompted a swift backlash over a...

Published 25 Mar, 2024 11:23am

Sports

Iga Swiatek keeps nerve to fight past Noskova, Gauff advances in Miami

MIAMI: World number one Iga Swiatek kept her nerve to beat 26th-ranked Linda Noskova of the Czech Republic 6-7...

Published 25 Mar, 2024 11:20am

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks edged up at Monday’s open as traders prepare for the release of key US data this week,...

Published 25 Mar, 2024 11:16am

World

Brazil races to save flood victims as storm death toll rises

RIO DE JANEIRO: Rescuers in boats and aircraft raced against the clock Sunday to help isolated people in Brazil’s...

Published 25 Mar, 2024 11:12am

Spring BoG meetings of World Bank, IMF: Finance minister to lead delegation

ISLAMABAD: The Spring meetings 2024 of the Board of Governors of the World Bank Group and International Monetary...

Updated 25 Mar, 2024 11:10am

World

Five dead, 1,000 homes destroyed in PNG earthquake: regional governor

PORT MORESBY: At least five people were killed and an estimated 1,000 homes destroyed when a magnitude 6.9...

Published 25 Mar, 2024 11:07am

Sports

Coco Gauff gets Miami wake up call and reaches fourth round

MIAMI: It took Coco Gauff a while to wake up on Sunday, but when she did it was lights out for Oceane Dodin as the...

Published 25 Mar, 2024 10:45am

Sports

Jannik Sinner pulls off Miami great escape but no way out for Rune

MIAMI: Second seed Jannik Sinner pulled off a Miami Open great escape by coming back from the brink with a gritty...

Published 25 Mar, 2024 10:43am

Europe

Two units offline after fire at Russia’s Rostov power plant, governor says

Two power units at the Novocherkassk power plant in Russia’s Rostov region were taken out of operation after a fire...

Published 25 Mar, 2024 10:38am

Commodities

Wheat hits 3-week high on French crop worries, Black Sea tensions

CANBERRA: Chicago wheat futures rose to a three-week high on Monday amid concerns over the French crop and tensions...

Published 25 Mar, 2024 10:36am

Energy

Iraq blames foreign firms for delay in crude exports restart from Iraqi Kurdistan region

CAIRO: Iraq’s oil ministry said on Monday that foreign companies operating in Iraqi Kurdistan were partly to blame...

Published 25 Mar, 2024 10:33am

Sports

Rajasthan’s Sandeep, Lucknow’s Pooran back two-bouncer rule in IPL

Rajasthan Royals paceman Sandeep Sharma welcomed a rule change in the Indian Premier League (IPL) that allows...

Published 25 Mar, 2024 10:30am

Forex

Australia, NZ dollars bounce on yuan turnaround

SYDNEY: The Australian and New Zealand dollars bounced on Monday thanks to a turnaround in the Chinese yuan,...

Published 25 Mar, 2024 10:25am

Asia

North Korea says Japan’s Kishida showed intention to meet Kim Jong Un recently

SEOUL: North Korea’s Kim Yo Jong, the powerful sister of leader Kim Jong Un, said on Monday that Japanese Prime...

Published 25 Mar, 2024 10:23am

Commodities

Declining Indonesian palm oil exports may affect domestic supply, officials say

JAKARTA: Indonesia’s palm oil product exports slipped in January and February, raising concerns less of the edible...

Published 25 Mar, 2024 10:20am

Commodities

Copper rises as China stock build slows

London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer...

Published 25 Mar, 2024 10:19am

Stocks

Asia shares flat, dollar restrained by Japan caution

SYDNEY: Asian shares dithered on Monday as investors worried US inflation data this week could derail the outlook...

Published 25 Mar, 2024 10:18am

Bullion Rate

Gold rises on hopes for Fed rate cut in June, softer dollar

Gold prices rose on Monday as renewed bets that the US Federal Reserve would begin cutting interest rates in June...

Published 25 Mar, 2024 10:07am

Sports

Andy Murray gives fans an effort to remember in Miami swan song

MIAMI: In what was his final appearance at the Miami Open, Andy Murray gave tennis fans a resolute performance to...

Published 25 Mar, 2024 10:03am

Forex

China state-owned banks seen selling dollars for yuan to stabilise currency, sources say

SHANGHAI: China’s major state-owned banks were seen selling dollars for yuan in onshore markets on Monday to...

Published 25 Mar, 2024 09:59am

Stocks

Australian shares climb to 2-week high as miners, financials shine

Australian shares rose to their highest levels in two weeks on Monday, led by heavyweight financials and mining...

Published 25 Mar, 2024 09:56am

Forex

Intervention threat curbs dollar’s ascent towards new high on the yen

SINGAPORE: The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the...

Published 25 Mar, 2024 09:52am

Commencing work on Azad Pattan HPP: APPL given one month by PPIB

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has reportedly given one month to Chinese Company M/s Azad...

Updated 25 Mar, 2024 09:46am

KP-EZDMC asked to take steps towards industrial promotion

PESHAWAR: Special Assistant to KP Chief Minister on Industries, Commerce and Technical Education, Abdul Karim Khan...

Updated 25 Mar, 2024 09:43am

PD revises price forecast for spot LNG

ISLAMABAD: The Ministry of Energy (Petroleum Division) has revised price forecast for spot LNG with Sui gas...

Updated 25 Mar, 2024 09:43am

Aurangzeb to head ECC as PM withdraws

ISLAMABAD: Prime Minister Shehbaz Sharif has reconstructed the Economic Coordination Committee (ECC) of the cabinet...

Updated 25 Mar, 2024 09:42am

Reko Diq project: foolproof security ordered by PM

PM Shehbaz says consultations should be held with all stakeholders regarding the project at the official level and all the obstacles should be removed

Updated 25 Mar, 2024 09:41am

BR Research

Auto: A picture of decay

On March 5th, Indus Motors- maker of Toyota cars in Pakistan- announced it will once again be keeping its production...

Published 25 Mar, 2024 08:57am

Russians lower flags, lay flowers to honour concert hall attack victims

MOSCOW: Russia lowered flags to half-mast on Sunday for a day of mourning after scores of people were gunned down...

Updated 25 Mar, 2024 08:56am

Israel besieges two more Gaza hospitals

CAIRO: Israeli forces besieged two more Gaza hospitals on Sunday, pinning down medical teams under heavy gunfire,...

Updated 25 Mar, 2024 08:56am

Property market crisis: China needs to ‘reinvent itself’: IMF MD

BEIJING: China needs to “reinvent itself” with economic policies to speed resolution of its property market crisis...

Updated 25 Mar, 2024 08:56am

BR’s refresher: your morning briefing for the day

Important updates from March 23 and March 24, 2024

Published 25 Mar, 2024 08:55am

Regularisation of un-registered mobile phones: FBR issues procedure for commercial importers

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a procedure for the commercial importers for regularization...

Updated 25 Mar, 2024 08:51am

Opinion

Exporting for innovation and profitability

Pakistan’s innovation landscape presents a grim picture. Pakistan ranked 88th globally and 7th regionally in the...

Updated 25 Mar, 2024 06:11am

Editorials

Too many lethal weapons in private hands

EDITORIAL: Possession of firearms in this country has long been prized as a status symbol. More lethal the weapons,...

Published 25 Mar, 2024 06:07am

Opinion

‘Q-Block’ needs to reinvent itself?

Pakistan’s economy has entered the stabilisation phase after going through an extremely turbulent period. However,...

Published 25 Mar, 2024 06:06am

Opinion

Pakistan and IMF

The second and final review of the nine-month Stand-By Arrangement (SBA) with the International Monetary Fund (IMF)...

Published 25 Mar, 2024 06:05am

Editorials

Balanced C/A by itself: no sustainable strategy

EDITORIAL: The current account (C/A) is one economic variable that is coming under control, no thanks to the economy...

Published 25 Mar, 2024 05:54am

Pakistan

Chinese CG holds farewell party for Gwadar students

KARACHI: Chinese Consulate General in Karachi has held a farewell party for students from Gwadar Institute of...