News Archives for Latest - 2024-03-26

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Archive - 2024-03-26

Europe

France, Poland push for greater Ukraine food import curbs

BRUSSELS: France and Poland pressed on Tuesday for greater curbs on imports of food products from Ukraine to prevent...

Published 26 Mar, 2024 11:57pm

World

Israeli airstrikes hit northeast Lebanon killing two Hezbollah fighters, security sources say

BEIRUT: Israeli war planes struck near two towns in northeast Lebanon on Tuesday, killing at least two Hezbollah,...

Published 26 Mar, 2024 11:39pm

Europe

France denies supplying arms for Gaza war

PARIS: France's defence minister on Tuesday denied allegations from investigative journalists that France supplied...

Published 26 Mar, 2024 10:48pm

Pakistan

Army vows accountability over deadly attack on Chinese nationals

Strategic projects and sites being targeted to sow discord between Pakistan and its allies and partners most notably China, the military's media wing says

Updated 26 Mar, 2024 10:21pm

Middle East

US defense chief to Israel counterpart: Gaza toll ‘too high’

WASHINGTON: US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant Tuesday that civilian...

Updated 26 Mar, 2024 10:15pm

Pakistan

Pakistan ‘mapping’ resident Afghans before eviction push

PESHAWAR: Pakistan is gathering data on Afghan migrants – including those legally resident in the country – ahead of...

Updated 26 Mar, 2024 10:15pm

Pakistan

Beijing demands ‘severe punishment’ for perpetrators of attack on Chinese engineers in KP

Five Chinese nationals killed as bomber rams explosives-laden vehicle into convoy of engineers on its way from Islamabad to their camp in Dasu in KP
Pakistani driver also killed in attack
PM Shehbaz visits Chinese embassy and sympathises with bereaved families

Updated 26 Mar, 2024 10:11pm

Pakistan

President, PM resolve to steer country out of prevailing challenges

Both leaders discuss country's general political and economic circumstances

Updated 26 Mar, 2024 10:07pm

Pakistan

FC soldier martyred, 4 terrorists killed in attack on Pakistan naval base

ISPR says attempt foiled due to the 'swift and effective response by the troops ensuring the safety and security of personnel and assets'

Updated 26 Mar, 2024 10:05pm

Energy

OGDCL discovers gas reserves in Khyber-Pakhtunkhwa

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P)...

Updated 26 Mar, 2024 10:05pm

Business & Economy

International investors express interest in Pakistan’s PIA, airports, says aviation ministry

An adviser for the deal tells Pakistan’s ministry of defence production and aviation that 'seven international investors including Germany, France, Netherlands, Qatar, UAE, Malaysia and Turkiye have shown interest' besides local groups

Published 26 Mar, 2024 10:00pm

Stocks

Trump social media company soars in Nasdaq debut

NEW YORK: Shares of Trump Media & Technology Group soared Tuesday in its debut on the Nasdaq, adding to the...

Published 26 Mar, 2024 09:59pm

Companies

Board gives nod to PIA privatisation plan

The Board of Directors (BoD) of Pakistan International Airlines (PIA) has approved the privatisation and...

Updated 26 Mar, 2024 09:48pm

Stocks

KSE-100 settles near 66,000 as bullish trend continues

The Pakistan Stock Exchange (PSX) witnessed another bullish session on Tuesday as its benchmark KSE-100 Index gained...

Updated 26 Mar, 2024 09:47pm

Stocks

Wall St advances as chipmakers, megacap growth stocks rebound

Wall Street’s main stock indexes climbed on Tuesday as most heavyweight growth stocks and chipmakers rose, while...

Published 26 Mar, 2024 09:31pm

Stocks

Gulf bourses drop ahead of US inflation data

Stock markets in the Gulf declined on Tuesday, led by the Dubai index, as investors assessed the likely path of...

Published 26 Mar, 2024 08:06pm

Energy

Oil steadies as markets weigh Russian supply woes

LONDON: Oil prices were little changed on Tuesday as investors took a more mixed view toward the loss of Russian...

Updated 26 Mar, 2024 07:51pm

Sports

Pakistan to tour Australia in November for 3 ODIs, T20Is

Pakistan are set to visit Australia for a white-ball series scheduled for November this year. The tour, which will...

Published 26 Mar, 2024 07:42pm

Stocks

US stocks bounce after prior session’s retreat

NEW YORK: Wall Street stocks climbed early Tuesday, shrugging off the prior session’s decline as the market searches...

Published 26 Mar, 2024 07:13pm

Commodities

Copper steady on China demand hopes after hitting near two-week low

LONDON: Copper prices were steady on Tuesday after hitting the lowest in almost two weeks as investors waited for...

Published 26 Mar, 2024 06:41pm

Pakistan

ECP reserves judgment on appeals against oath to KP reserved seat MPs

The Election Commission of Pakistan (ECP) reserved its verdict on a plea of not administrating the oath to the newly...

Published 26 Mar, 2024 06:38pm

Industry

In meeting with finance minister, Ambassador Mitsuhiro raises Japanese automakers’ concerns

Ambassador of Japan to Pakistan, H.E. Mitsuhiro Wada, on Tuesday discussed issues being faced by Japanese automakers...

Updated 26 Mar, 2024 06:33pm

Business & Economy

PM Shehbaz says macroeconomic stability, growth priority of govt

Prime Minister Shehbaz Sharif on Tuesday said his government’s top priority is to ensure macroeconomic stability and...

Updated 26 Mar, 2024 06:32pm

South Asia

Jailed Indian opposition politician to run capital from cell

NEW DELHI: A senior Indian opposition politician will run the capital from his prison cell, a senior aide said...

Published 26 Mar, 2024 06:30pm

Stocks

Stock markets mostly rise before US data

LONDON: European and Asian stock markets mostly rose and the dollar fell Tuesday ahead of US consumer data that...

Updated 26 Mar, 2024 05:59pm

Middle East

Qatar says negotiations ‘ongoing’ for Gaza truce

DOHA: Mediator Qatar said Tuesday that talks between Hamas and Israel on a Gaza truce and hostage exchange are...

Published 26 Mar, 2024 05:57pm

Forex

Rupee largely stable against US dollar

Currency settles at 278.1 against US dollar in inter-bank market

Updated 26 Mar, 2024 05:35pm

Commodities

Gold price per tola increases Rs1,200 in Pakistan

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

Updated 26 Mar, 2024 05:25pm

Sports

Bangladesh lawmaker Shakib recalled for second Sri Lanka Test

DHAKA: Newly elected lawmaker Shakib Al Hasan was on Tuesday recalled to the Bangladesh squad for the second Test...

Published 26 Mar, 2024 05:18pm

Companies

Vodafone Germany to cut 2,000 jobs in revamp

FRANKFURT: Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part...

Published 26 Mar, 2024 05:12pm

Europe

Julian Assange wins temporary reprieve from extradition to US

LONDON: WikiLeaks’ Julian Assange can continue his fight against extradition to the United States after the High...

Published 26 Mar, 2024 05:09pm

Stocks

Heavyweights drag Indian shares as consolidation continues

BENGALURU: Indian shares fell on Tuesday, dragged by high-weightage financials and information technology stocks and...

Published 26 Mar, 2024 04:34pm

Stocks

Sri Lanka shares end higher after central bank lowers interest rates

CSE All Share index settled up 0.90% at 11,335.53

Published 26 Mar, 2024 04:31pm

Commodities

Palm oil falls on profit-taking, stronger ringgit and weaker rivals

SINGAPORE: Malaysian palm oil futures fell on Tuesday amid profit-taking, while a stronger ringgit and weaker rival...

Published 26 Mar, 2024 04:29pm

Travel

What to eat in Athens: Chef Jose Andres

NEW YORK: On any given day, it is hard to say where you might find chef Jose Andres. It might be at one of his...

Published 26 Mar, 2024 04:17pm

Middle East

Dozens killed in Israeli strikes on north and south of Gaza

CAIRO/RAFAH: Israeli air strikes killed dozens of Palestinians at both ends of the Gaza Strip overnight, hitting the...

Published 26 Mar, 2024 03:34pm

Middle East

Gaza ceasefire talks continue, Mossad officials remain in Doha, source says

DOHA: Talks mediated by Egypt and Qatar on a Gaza ceasefire and hostage and prisoner releases are moving ahead and...

Published 26 Mar, 2024 03:26pm

Forex

Kenyan shilling edges higher in thin trade

The Kenyan shilling edged higher against the dollar in thin trade on Tuesday, LSEG data showed. At 0845 GMT, the...

Published 26 Mar, 2024 02:50pm

Forex

Ugandan shilling little changed as commodity flows lend support

KAMPALA: The Ugandan shilling was little changed on Tuesday, with hard-currency inflows from commodities exporters...

Published 26 Mar, 2024 02:48pm

Sports

Nathan Lyon backs veteran Australia test squad to keep playing past next Ashes series

Most players in Australia’s test squad are “closer to the end than the start” of their careers but they should be...

Published 26 Mar, 2024 02:47pm

Middle East

Hamas leader Haniyeh visits Iran: state media

TEHRAN: Hamas leader Ismail Haniyeh was in Tehran on Tuesday for talks with Iranian officials, state media reported,...

Updated 26 Mar, 2024 02:34pm

Forex

Russian rouble slightly weakens against the US dollar

MOSCOW: The Russian rouble slightly weakened against the US dollar on Tuesday. By 0715 GMT, the rouble was 0.23%...

Published 26 Mar, 2024 02:29pm

Mutual Funds

Euro zone bond yields dip, with inflation in focus

LONDON: Euro zone government bond yields fell slightly on Tuesday as investors waited for the first readings of...

Published 26 Mar, 2024 02:28pm

Companies

India’s SpiceJet reaches settlement for $91 million liabilities

BENGALURU: Indian budget carrier SpiceJet said on Tuesday it agreed with government agency Export Development Canada...

Published 26 Mar, 2024 02:27pm

Forex

South African rand little changed ahead of employment data

JOHANNESBURG: South Africa’s rand was little changed against the dollar early on Tuesday ahead of fourth quarter...

Published 26 Mar, 2024 02:26pm

Commodities

South Korea bought estimated 77,774 T rice from US in tender

HAMBURG: South Korea’s state-backed Agro-Fisheries & Food Trade Corp. purchased an estimated 77,774 metric tons...

Published 26 Mar, 2024 02:25pm

Stocks

Gulf bourses mixed in early trade

Stock markets in the Gulf put in a mixed performance in early trade on Tuesday, as investors assessed the likely...

Published 26 Mar, 2024 02:24pm

Stocks

UK’s FTSE 100 edges lower as miners drag

UK’s FTSE 100 inched lower on Tuesday, dragged by miner stocks, while mixed messages from US monetary policymakers...

Published 26 Mar, 2024 02:23pm

Sports

Perth to kick off India’s blockbuster Test tour of Australia

MELBOURNE: Perth will host the opener of the blockbuster five-Test Australia-India series in November, which will...

Published 26 Mar, 2024 02:22pm

Business & Finance

UBS to boost Asia-sourced assets to 20% in five to six years, CEO says

HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six...

Published 26 Mar, 2024 02:18pm

Europe

Ukraine says it hit warship that Russia took from it in 2014 with a missile

KYIV: Ukraine hit the Konstantin Olshansky landing ship, which Russia captured from Ukraine in 2014, with a missile,...

Published 26 Mar, 2024 01:57pm

USA

Part of Baltimore’s Key Bridge collapses after ship crash, officials say

The 1.6-mile (2.57 km) long Francis Scott Key Bridge in Baltimore, Maryland, has partially collapsed after a ship...

Published 26 Mar, 2024 01:52pm

Movies & Music

Sean ‘Diddy’ Combs’ properties in L.A. and Miami raided by federal agents

LOS ANGELES: U.S. Department of Homeland Security agents have opened an investigation of hip-hop star Sean ‘Diddy’...

Published 26 Mar, 2024 12:41pm

10 Discos seek Rs2.765trn tariff adjustment

Requested adjustments are on account of O&M costs, currency depreciation, Return on Rate base, Gross Margin, less; other income, net margin and Prior Year Adjustment

Updated 26 Mar, 2024 12:36pm

South Asia

Christians in India fearful as election looms

IRPIGUDA: Church walls crumble in India’s Kandhamal district, where brutal attacks on Christians 16 years ago means...

Published 26 Mar, 2024 12:20pm

Sports

Kylian Mbappe seeks France reaction after defeat by Germany

France’s 2-0 defeat by Germany was a warning ahead of the European Championship and they must show a reaction in...

Published 26 Mar, 2024 11:46am

Forex

Australia dollar draws support from yuan, NZ$ in trouble

SYDNEY: The Australian dollar steadied on Tuesday as China put a prop under its yuan, while its New Zealand...

Published 26 Mar, 2024 11:44am

Mutual Funds

Japan bond yields steady as traders wait for policy clues

TOKYO: Japanese government bond yields were little changed on Tuesday, with traders waiting for fresh clues on how...

Published 26 Mar, 2024 11:43am

Stocks

China stocks edge lower as yuan eases, property sector in focus

SHANGHAI: China stocks edged lower on Tuesday with yuan’s recent weakness affecting investor sentiment, while focus...

Published 26 Mar, 2024 11:41am

Business & Finance

Turkiye central bank net reserves fell some $4.5bn last week, bankers say

ANKARA: The Turkiye central bank’s net reserves fell around $4.5 billion last week, a significant part of which was...

Published 26 Mar, 2024 11:39am

Commodities

Copper near two-week low as yuan weakens

Most base metals fell on Tuesday, with copper prices in London falling to their lowest levels in nearly two weeks,...

Published 26 Mar, 2024 11:37am

Sports

Carlos Alcaraz, Zverev reach last 16 at Miami Open

Top seed Carlos Alcaraz dominated Gael Monfils 6-2 6-4 and fourth seed Alexander Zverev escaped a tight first set en...

Published 26 Mar, 2024 11:34am

Life & Style

Curated dining concept: Time Out Market Dubai stands out for its view, variety

Downtown Dubai – one of the most popular areas for dining and entertainment – is hosting a variety of food and...

Updated 26 Mar, 2024 11:05am

Stocks

Stocks hemmed in by rate risks; yuan wobbles

SINGAPORE: Asian equities climbed on Tuesday but could not break this month’s highs as mixed messages from US...

Published 26 Mar, 2024 11:04am

Forex

Indian rupee likely to recover slightly after fall to record low, all eyes on RBI

MUMBAI: The Indian rupee is likely to open mildly higher on Tuesday after slumping to a record low last week, with...

Published 26 Mar, 2024 11:02am

Commodities

Palm oil extends gains on higher oil prices

SINGAPORE: Malaysian palm oil futures extended gains on Tuesday amid higher crude oil prices, although a stronger...

Published 26 Mar, 2024 10:53am

Interest Rates

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

COLOMBO: Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as...

Published 26 Mar, 2024 10:51am

Europe

Ukraine peace talks without Russia will fail, Kremlin spokesman says

Any global peace summit on Ukraine that excludes Russia is simply “absurd” and will fail, Kremlin spokesperson...

Published 26 Mar, 2024 10:48am

World

Qantas flight lands safely on one engine after mid-flight issue with Airbus plane

Pilots on a Qantas Airways’ flight shut down one of its two engines after an issue on approach to Perth on Monday...

Published 26 Mar, 2024 10:41am

Commodities

Iron ore slips on slower than expected China demand recovery

BEIJING: Iron ore futures prices fell on Tuesday, amid mounting risk-off sentiment as fundamentals of the key...

Published 26 Mar, 2024 10:39am

South Asia

US encourages ‘fair, transparent’ process for arrested Indian opposition figure

WASHINGTON: The US is closely following reports of the arrest of Indian opposition figure Arvind Kejriwal and...

Published 26 Mar, 2024 10:37am

Forex

China’s yuan down on accommodative policy outlook, resilient dollar

SHANGHAI: China’s yuan eased against the dollar on Tuesday, after a sharp bounce the previous day, pressured by...

Published 26 Mar, 2024 10:31am

Business & Finance

Thai Feb car output drops 19.3% y/y on EV imports, lower pickup truck sales

BANGKOK: Car production in Thailand fell 19.28% in February from a year earlier to 133,690 units, the Federation of...

Published 26 Mar, 2024 10:29am

Asia

China’s Xi Jinping to meet with American executives on Wednesday, sources say

BEIJING: China’s President Xi Jinping will meet with American business leaders in Beijing on Wednesday, according to...

Published 26 Mar, 2024 10:26am

Mutual Funds

Recovery in rupee nudges down Indian bond yields, state debt sale eyed

MUMBAI: Indian government bond yields started the holiday-truncated week a tad lower as the rupee recovered after...

Published 26 Mar, 2024 10:24am

Sports

Coco Gauff looking forward to clay season after Miami disappointment

World number three Coco Gauff said it would not be easy to shrug off Monday’s Miami Open defeat by Caroline Garcia...

Published 26 Mar, 2024 10:22am

Commodities

Wheat near 3-week high amid concerns over Russian shipments

CANBERRA: Chicago wheat futures rose on Tuesday and were trading near a three-week high, supported by concerns that...

Published 26 Mar, 2024 10:18am

Bullion Rate

Gold firms on softer dollar, focus on US inflation data

Gold prices inched higher on Tuesday, buoyed by a weaker dollar as investor focus turns to US inflation data due...

Published 26 Mar, 2024 10:15am

Stocks

Banks, real estate stocks drag Australian shares lower ahead of data-heavy week

Australian shares edged lower on Tuesday tracking overnight Wall Street losses, led by banking and real estate...

Published 26 Mar, 2024 10:09am

Stocks

Japan’s Nikkei drifts as chip gains offset Uniqlo owner’s retreat

TOKYO: Japan’s Nikkei share average oscillated between small gains and losses on Tuesday, as gains in chip-related...

Published 26 Mar, 2024 10:07am

Stocks

Indian shares set to open higher tracking Asian peers

BENGALURU: Indian shares are likely to open marginally higher on Tuesday, kicking off a holiday-truncated week in...

Published 26 Mar, 2024 10:05am

Forex

Dollar dips, yen draws support from Tokyo’s jawboning

SINGAPORE: The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly...

Published 26 Mar, 2024 10:02am

Ban on unions in energy cos: PSI seeks ILO’s intervention

ISLAMABAD: The government is facing troublesome situation with respect to ban on unions in energy sector companies...

Updated 26 Mar, 2024 09:45am

Business & Finance

OCAC urges govt to dismantle smuggling network

ISLAMABAD: The Oil Companies Advisory Council (OCAC) has urged the government to extend support to aggressively...

Updated 26 Mar, 2024 09:44am

Proposed acquisition in Telenor Pakistan: CCP still awaiting crucial info from PTCL

ISLAMABAD: The Competition Commission of Pakistan (CCP) is still awaiting the submission of crucial information by...

Updated 26 Mar, 2024 09:44am

Major tax base-broadening initiative: ‘Tajir Dosti’ plan to be extended to more cities

ISLAMABAD: The Federal Board of Revenue (FBR) has launched a pilot project of Tajir Dost Scheme, 2024, at federal...

Updated 26 Mar, 2024 09:43am

PTI says economic situation does warrant IMF programme

ISLAMABAD: Terming the new International Monetary Fund (IMF) programme as “highly critical” as it involves all the...

Updated 26 Mar, 2024 09:43am

BR Research

Edible oil price: Historic retreat

Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year....

Published 26 Mar, 2024 09:24am

BR Research

SYS in CY23 – earnings keep shining

After a hefty increase in earnings for CY22, Systems Limited (PSX: SYS) announced another good year in earnings. The...

Published 26 Mar, 2024 09:21am

BR Research

Interview with Ahmed Saljouk - Founding member and Director of Finance & Development, Alif Holdings (Pvt. Ltd)

‘We are a high-street brand that is approachable and affordable’ Ahmed Saljouk is a visionary Leader Shaping...

Published 26 Mar, 2024 09:16am

Track and trace system: PM directs removal of all legal hitches

ISLAMABAD: Prime Minister Shehbaz Sharif has directed that all the legal obstacles in the full implementation of the...

Updated 26 Mar, 2024 08:51am

PM expresses dismay over gas tariff hike

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday expressed dismay over the current gas tariff and decided to...

Updated 26 Mar, 2024 08:50am

Sales tax evasion of nearly Rs5bn: LTO Karachi registers FIR against corporate entity

ISLAMABAD: The Large Taxpayers Office (LTO), Karachi, for the first time in the history of the Federal Board of...

Updated 26 Mar, 2024 08:50am

Pak-Afghan PTA likely to be finalised

ISLAMABAD: Pakistan and Afghanistan are likely to finalise Preferential Trade Agreement (PTA) during the visit of...

Updated 26 Mar, 2024 08:49am

Pakistan

Military custody: SC directs AGP to submit list of 9th May accused

ISLAMABAD: The Supreme Court directed the Attorney General for Pakistan (AGP) to submit a list of 9th May accused,...

Updated 26 Mar, 2024 08:49am

BR’s refresher: your morning briefing for the day

Important updates from March 25, 2024

Published 26 Mar, 2024 08:48am

Opinion

IMF and the power tariff

Showing traditional annoyance, IMF in the talks at Islamabad was reported to have required the GoP to assure ...

Updated 26 Mar, 2024 04:47am

Opinion

Massacre in Russia

The toll of the horrendous terrorist attack on March 23, 2024 at the Crocus City Hall in Moscow’s northern suburb...

Updated 26 Mar, 2024 04:43am

Opinion

Attacks on the NFC Award

There have recently been some attacks on the 7th NFC award relating to the distribution of federal tax revenues...

Updated 26 Mar, 2024 04:41am

World

Restoring Ukraine energy facilities will cost ‘billions’: minister

KYIV, (Ukraine): Ukraine’s energy minister said on Monday the damage from a major Russian attack on the ...