News Archives for Latest - 2024-03-28

Business & Economy

Q2FY24: Pakistan sees GDP growth of 1%, below expectation

National Accounts Committee says agriculture sees 5.02% growth, but industrial sector contracts

Updated 28 Mar, 2024 10:34pm

Forex

SBP-held foreign exchange reserves gain $4mn, now stand at $8.022bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally by $4 million on a weekly...

Updated 28 Mar, 2024 10:33pm

Pakistan

PTI announces rally in support of judges in KP

Marwat says the rally's final plans will be made public following discussions with KP authorities

Updated 28 Mar, 2024 10:33pm

Pakistan

Govt to form inquiry commission on IHC judges’ letter: law minister

Law Minister Azam Nazeer Tarar said on Thursday that the government would place the letter from six Islamabad High...

Updated 28 Mar, 2024 10:32pm

Forex

Rupee largely stable against US dollar

Currency settles at 278.03 against the greenback in inter-bank market

Updated 28 Mar, 2024 10:30pm

Pakistan

IHC judges’ letter: CJP Isa says interference by executive in judicial affairs ‘won’t be tolerated’

Independence of judiciary is foundational pillar that upholds rule of law and strong democracy, top court judges say

Published 28 Mar, 2024 10:23pm

Pakistan

Bisham terror attack 'orchestrated by enemies of Pak-China friendship': FO

Foreign Office says Pakistan fully committed to bringing terrorists and their facilitators and abettors to justice

Updated 28 Mar, 2024 09:21pm

Stocks

KSE-100 settles at 67,142, highest closing in history

Experts attribute rally to advancement on privatisation and IMF fronts

Updated 28 Mar, 2024 09:16pm

Europe

Russia says has evidence Moscow attackers were linked to Kyiv

MOSCOW: Russia said Thursday it had evidence that the perpetrators of last week’s massacre at a concert hall outside...

Published 28 Mar, 2024 09:13pm

Europe

Russian military jet crashes into sea off Crimea

MOSCOW: A Russian military plane crashed Thursday into the sea off Ukraine’s annexed Crimean peninsula, the...

Published 28 Mar, 2024 09:08pm

Pakistan

After advising against Iran pipeline, State Dept says Pakistan’s energy crisis priority for US

The United States has said helping Pakistan address its energy shortage crisis is a priority for Washington and that...

Updated 28 Mar, 2024 09:02pm

Markets

Headline inflation projected to stand at around 20% in March

Consumer Price Index (CPI)-based inflation in Pakistan is expected to decline further and may clock in at around 20%...

Updated 28 Mar, 2024 08:38pm

Pakistan

Military trials of civilians: SC conditionally allows reserved verdicts

A six member bench hears a set of intra-court appeals

Updated 28 Mar, 2024 08:05pm

Energy

Global LNG: Asia spot LNG maintains six-week high amid emerging demand

LONDON: Asian spot liquefied natural gas (LNG) prices were little moved this week, holding on to a six-week high...

Published 28 Mar, 2024 08:03pm

Stocks

Gulf bourses drop ahead of US inflation data; Egypt extends losses

Stock markets in the Gulf declined on Thursday, as investors awaited key inflation data due on Friday to assess the...

Published 28 Mar, 2024 08:00pm

Stocks

Wall St ticks up ahead of Easter break, eyes sharp Q1 gains

Wall Street edged higher on Thursday in thin trading ahead of Easter break, while investors awaited data to gauge...

Published 28 Mar, 2024 07:50pm

Luxury

Asia gold: unrelenting price rally hammers wedding season demand in India

A sustained record rally in domestic gold prices crippled the typical busy wedding season demand in India, with...

Updated 28 Mar, 2024 06:19pm

Europe

IMF calls for ‘strong financial sector reforms’ in Switzerland

BERN: Switzerland needs “strong financial sector reforms” in the wake of the state-engineered rescue takeover of...

Published 28 Mar, 2024 05:51pm

South Asia

Sri Lanka calls for debt-restructuring proposals from dealer managers

COLOMBO: Sri Lanka has called for proposals from dealer managers to support its restructuring of some $12 billion of...

Published 28 Mar, 2024 05:46pm

Energy

Oil prices advance on tighter supply outlook

LONDON: Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter...

Updated 28 Mar, 2024 05:41pm

Commodities

Asia rice: Indian rice traders hike prices to mirror higher export duty

Top exporter India’s rice export prices rose this week as traders factored in higher duty on rice shipments, while...

Published 28 Mar, 2024 05:37pm

Markets

FTSE Russell retains Pakistan on ‘watch list for potential demotion to Frontier market status’

Global index provider FTSE Russell has kept Pakistan on the watch list for potential demotion from Secondary...

Published 28 Mar, 2024 05:24pm

Stocks

Strong economy, flows power India’s Nifty to best fiscal year since 2021

BENGALURU: India’s blue-chip Nifty 50 index surged nearly 29% this financial year, ending March 31, powered by a...

Published 28 Mar, 2024 05:27pm

Commodities

Copper holds steady in cautious trade

LONDON: Copper prices held steady in London on Thursday against a backdrop of dollar strength and uncertain demand...

Published 28 Mar, 2024 05:24pm

Stocks

Sri Lanka shares end marginally higher as consumer staples, industrials rise

CSE All Share index settled up a modest 0.09% at 11,444.38

Published 28 Mar, 2024 05:21pm

USA

Obama, Bill Clinton to join Biden to raise $25 million at event with Queen Latifah and Lizzo

WASHINGTON: President Joe Biden will get a boost from Democratic predecessors Barack Obama and Bill Clinton on...

Published 28 Mar, 2024 04:52pm

Pakistan

PM lauds services of Pakistan Navy to safeguard maritime interest of country

Premier appreciates the professional response of the Pakistan Navy to foil the recent terrorist attack on the Naval Airbase Turbat

Published 28 Mar, 2024 04:36pm

Commodities

Gold price per tola increases Rs1,500 in Pakistan

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

Published 28 Mar, 2024 04:19pm

Stocks

UK’s FTSE 100 crawls higher boosted by commodity-linked stocks; Spirent jumps

UK’s FTSE 100 edged higher at open on Thursday, bolstered broadly by commodity-linked stocks in the last trading day...

Published 28 Mar, 2024 03:12pm

Stocks

European shares open higher on energy boost, eye quarterly gains

European shares inched higher at open on Thursday heading into the long Easter weekend break, on a boost from energy...

Published 28 Mar, 2024 03:10pm

Europe

Ukraine foreign minister visits India to build support for peace blueprint

Ukrainian Foreign Minister Dmytro Kuleba said he had arrived in New Delhi on Thursday to advance Kyiv’s vision of...

Published 28 Mar, 2024 03:07pm

Forex

Sterling bows to dollar strength after UK GDP data

LONDON: The pound eased on Thursday after data confirmed the UK economy entered recession in the second half of last...

Published 28 Mar, 2024 03:04pm

Stocks

China stocks close higher on stimulus expectations

SHANGHAI: China stocks jumped on Thursday on expectations that Beijing will take more aggressive measures to...

Published 28 Mar, 2024 03:02pm

Movies & Music

Beyonce goes cowboycore with new album heavy on Texas roots

NEW YORK: Beyonce has been a showbiz fixture for nearly three decades, shapeshifting from girl group lead and pop...

Published 28 Mar, 2024 02:58pm

Technology

China’s BYD slows down plans for EV factory in Vietnam, industrial park says

HANOI: Chinese electric vehicles maker BYD has slowed down its plans to build an EV factory in Vietnam, a manager of...

Published 28 Mar, 2024 01:46pm

Commodities

Indonesia’s Jan palm oil exports at 2.8mn metric tons -palm oil association

JAKARTA: Indonesia’s January palm oil exports, including refined products, stood at 2.8 million metric tons, down...

Published 28 Mar, 2024 01:43pm

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Forex

South African rand little changed; PPI, budget and trade data due

JOHANNESBURG: The South African rand was little changed in early trade on Thursday, ahead of a flurry of domestic...

Published 28 Mar, 2024 01:37pm

Middle East

Unemployment among Saudis declines to 7.7% in Q4

RIYADH: Unemployment among Saudi citizens decreased to 7.7% in the fourth quarter of last year, down from 8.6% in...

Published 28 Mar, 2024 01:32pm

Luxury

Louis Vuitton makes custom trunks for Paris Games flames, medals

PARIS: The Olympic and Paralympic flames will each travel in a custom-made Louis Vuitton trunk this summer thanks to...

Published 28 Mar, 2024 01:32pm

Business & Finance

Billionaire Gautam Adani’s family raises Ambuja Cement stake with $799mn infusion

BENGALURU: Indian billionaire Gautam Adani’s family infused 66.61 billion rupees (about $799 million) in Ambuja...

Published 28 Mar, 2024 01:11pm

Commodities

Copper rises amid output cut update, China data

Copper prices rose on Thursday, supported by output cut plans agreed by top copper smelters in China and signs of...

Published 28 Mar, 2024 01:09pm

Europe

Ukraine destroys 26 Russian drones in latest overnight strike

KYIV: Ukrainian forces shot down 26 out of 28 attack drones launched overnight by Russia, Kyiv’s military said on...

Published 28 Mar, 2024 01:05pm

Business & Finance

Data confirms UK economy went into recession last year

LONDON: Official figures confirmed Britain’s economy entered a shallow recession last year, leaving Prime Minister...

Published 28 Mar, 2024 12:51pm

Middle East

US says it downed four Yemen rebel drones in Red Sea

WASHINGTON: The United States military said Wednesday it had downed four drones launched by Iran-backed Houthi...

Published 28 Mar, 2024 12:19pm

Middle East

US-Israel rift heads for moment of truth over devastated Rafah

WASHINGTON: The United States has taken a public distance from Israel as never before over its aggression in Gaza...

Published 28 Mar, 2024 12:14pm

Stocks

Hong Kong stocks fall at open, ahead of Easter

HONG KONG: Hong Kong stocks opened slightly lower Thursday morning, on the last day of trading ahead of the long...

Published 28 Mar, 2024 12:13pm

Companies

Maple Leaf acquires further shareholding in Agritech Limited

Maple Leaf Cement Factory Ltd (MLCF), a Kohinoor Textile Mills Limited subsidiary, has acquired 6 million voting...

Published 28 Mar, 2024 12:10pm

Sports

Sri Lanka’s Rajitha out of Bangladesh Test with injury

CHITTAGONG: In-form pace bowler Kasun Rajitha is out of the second Test against Bangladesh because of a back injury,...

Published 28 Mar, 2024 12:09pm

USA

Two bodies found as Baltimore bridge collapse moves from recovery to salvage

BALTIMORE: The bodies of two construction workers were found in the cold waters of Baltimore harbor Wednesday,...

Published 28 Mar, 2024 12:01pm

South Asia

India’s biggest election loser ready to fight again

METTUR: Despite failing 238 times in his bid for public office in India, K. Padmarajan is unperturbed as he...

Published 28 Mar, 2024 11:46am

Europe

Greek govt faces censure motion over train tragedy

ATHENS: Greece’s conservative government faces a censure motion in parliament on Thursday over claims it had sought...

Published 28 Mar, 2024 11:32am

Stocks

Asian markets mixed after Fed official floats rate cut delay

HONG KONG: Asian investors trod carefully Thursday after a Federal Reserve official floated the idea of delaying or...

Published 28 Mar, 2024 11:28am

Asia

Japan Moon probe survives second lunar night

TOKYO: Japan’s Moon lander woke up after unexpectedly surviving a second frigid, two-week lunar night and...

Published 28 Mar, 2024 11:25am

Technology

China’s Xiaomi to enter cut-throat EV market for the first time

BEIJING: Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday,...

Published 28 Mar, 2024 11:19am

Sports

Jannik Sinner keeps rolling at Miami Open, advances to semis

Second-seeded Italian Jannik Sinner continued his push to a third Miami Open final in four years on Wednesday,...

Published 28 Mar, 2024 11:18am

Asia

Rare bus driver pay strike causes commuter chaos in South Korea’s capital

SEOUL: Thousands of bus drivers in Seoul went on strike Thursday over a wage dispute, with 97 percent of bus routes...

Published 28 Mar, 2024 11:16am

Sports

Ekaterina Alexandrova’s Miami Open magic continues with Pegula upset

Ekaterina Alexandrova backed up her win over world number one Iga Swiatek with a 3-6 6-4 6-4 upset of fifth seed...

Published 28 Mar, 2024 10:58am

Business & Finance

Getting off FATF grey list: Dubai’s already-thriving real estate sector set for boost

Last month, the UAE was taken off the Financial Action Task Force (FATF) grey list after nearly two years, which...

Updated 28 Mar, 2024 10:50am

BR Research

Electricity (price) shock incoming

One of the key objectives of the IMF’s next Extended Fund Facility (EFF) to Pakistan will be “restoring the energy...

Published 28 Mar, 2024 10:49am

BR Research

All is quiet on the sugar front

All is quiet on the sugar front. At a time when reports of a demand slowdown should have put prices in reverse gear,...

Published 28 Mar, 2024 10:49am

BR Research

Dewan Farooque Spinning Mills Limited

Dewan Farooque Spinning Mills Limited (PSX: DFSM) was incorporated in Pakistan as a public limited company in 2003....

Published 28 Mar, 2024 10:48am

Companies

Thai factory output falls for 17th month in February as car production declines

BANGKOK: Thailand’s manufacturing production fell for the 17th straight month in February, down 2.84% from a year...

Published 28 Mar, 2024 10:48am

Energy

Tepco seeks regulatory approval to load nuclear fuel into Kashiwazaki-Kariwa plant

TOKYO: Tokyo Electric Power Co (Tepco) said on Thursday it had applied for regulatory approval to load nuclear fuel...

Published 28 Mar, 2024 10:46am

Commodities

Malaysia to request 500,000 metric tons of white rice from India

KUALA LUMPUR: Malaysia will request an additional 500,000 metric tons of white rice from India, its agriculture...

Published 28 Mar, 2024 10:43am

Sports

Marcus Stoinis, Agar lose Australia contracts

MELBOURNE: All-rounder Marcus Stoinis and spin bowler Ashton Agar have been dropped from Australia’s contracts list...

Published 28 Mar, 2024 10:41am

Companies

Toyota’s global sales slide 7% in February, led by slumps in China and Japan

TOKYO: Toyota Motor’s global sales dropped 7% in February from a year earlier, hurt by a heavy decline in China due...

Published 28 Mar, 2024 10:38am

Stocks

Japan’s Nikkei falls over 1% amid currency intervention caution

TOKYO: Japan’s Nikkei share average fell more than 1% on Thursday as a majority of the companies in the index traded...

Published 28 Mar, 2024 10:35am

Stocks

Australian shares hit record high, set for 5th straight monthly gain

Australian shares rose to an all-time high on Thursday, with most sectors trading in positive territory ahead of a...

Published 28 Mar, 2024 10:34am

Forex

Indian rupee likely to inch up at open but slight downward bias lingers

MUMBAI: The Indian rupee is likely to open marginally higher on Thursday after the currency slipped to a record low...

Published 28 Mar, 2024 10:33am

Mutual Funds

Indian bond yields seen lower as H1 borrowing misses estimates

MUMBAI: Indian government bond yields are expected to trend lower on the last trading session of this financial...

Published 28 Mar, 2024 10:31am

Stocks

Indian shares set to open little changed in final session of fiscal 2024

BENGALURU: Indian shares are likely to open little changed on the final trading day of the financial year 2024,...

Published 28 Mar, 2024 10:29am

Business & Finance

JPMorgan appoints Rita Chan, Alan Ho as China co-senior country officers

SYDNEY: JPMorgan has appointed Rita Chan and Alan Ho as co-senior country officers for China, according to a memo...

Published 28 Mar, 2024 10:28am

Sports

Danielle Collins trounces Caroline Garcia to reach Miami semis

Red-hot Danielle Collins recorded a powerful 6-3, 6-2 victory over No. 23 seed Caroline Garcia of France on...

Published 28 Mar, 2024 10:27am

Bullion Rate

Gold holds steady as traders await US data for more Fed cues

Gold prices steadied on Thursday as investors digested comments from Federal Reserve Governor Christopher Waller on...

Published 28 Mar, 2024 10:24am

Commodities

Chicago futures inch lower ahead of key USDA reports

CANBERRA: Chicago soybeans, corn and wheat dipped on Thursday as traders braced for quarterly grain stocks and...

Published 28 Mar, 2024 10:23am

Business & Finance

BOJ board divided on economy’s strength upon stimulus exit, March summary shows

TOKYO: Bank of Japan policymakers were divided on whether the economy was strong enough to weather an exit from...

Published 28 Mar, 2024 10:21am

Forex

Australian dollar on defensive, NZ dollar hits 5-month low

SYDNEY: The Australian and New Zealand dollars were under pressure on Thursday as hawkish comments from the Federal...

Published 28 Mar, 2024 10:20am

CEOs of Discos ordered to stop electricity theft

Federal Minister for Power Sardar Awais Ahmad Leghari encourages officials of Discos to leverage technology and innovation in their efforts to eradicate power theft

Updated 28 Mar, 2024 09:55am

Forex

Dollar firm after Fed comments; yen under close watch

TOKYO: The US dollar received a boost against major currency peers on Thursday, as a Federal Reserve official said...

Published 28 Mar, 2024 09:53am

Forex

China’s yuan steady on strong PBOC guidance

SHANGHAI: China’s yuan was steady on Thursday as the central bank’s strong guidance offset pressure from a firmer...

Published 28 Mar, 2024 09:48am

Europe

Russia says NATO is preparing allies for conflict with Moscow

NATO activity in Eastern Europe and the Black Sea area is aimed at preparing its allies for conflict with Moscow,...

Published 28 Mar, 2024 09:46am

Chinese investment: CCP to ink MoU with SAMR

ISLAMABAD: The Competition Commission of Pakistan (CCP) will sign a Memorandum of Understanding (MoU) with China’s...

Updated 28 Mar, 2024 09:39am

PIA privatisation: ‘scheme of arrangement’ endorsed

KARACHI: The board of the newly established PIA Holding Company has endorsed the Scheme of Arrangement delineating...

Updated 28 Mar, 2024 09:39am

‘The Federation, in light of Entry 50, cannot tax the capital value of immovable property at all’

ISLAMABAD: Advocate Raashid Anwer argued that the federation, in light of Entry 50, could not tax the capital value...

Updated 28 Mar, 2024 09:38am

Business & Finance

NAC to approve Q2 GDP estimates today

ISLAMABAD: The National Accounts Committee (NAC) is scheduled to meet on Thursday (Mar 28) to approve the 2nd...

Updated 28 Mar, 2024 09:38am

Thatta Cat-III wind projects: PPIB develops ‘new arrangements’

ISLAMABAD: Private Power & Infrastructure Board (PPIB) is said to have developed new arrangements for...

Updated 28 Mar, 2024 09:37am

Outstanding dues: Iranian firm Sunir seeks PM’s help

ISLAMABAD: Iranian firm M/s Sunir has sought Prime Minister Shahbaz Sharif’s support for payment of outstanding...

Updated 28 Mar, 2024 08:48am

Business & Finance

Multivitamins, natural health products: FBR imposes 20pc duty on import

ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) on Wednesday imposed 20...

Updated 28 Mar, 2024 08:48am

SIFC set to brief ‘new guard’ on previous decisions

ISLAMABAD: Special Investment Facilitation Council (SIFC) is all set to hold a three-day meeting of new Executive...

Updated 28 Mar, 2024 08:47am

Pakistan

Full court discusses judges’ letter to SJC

ISLAMABAD: The Supreme Court held a Full Court meeting to deliberate upon a letter written by the Islamabad High...

Updated 28 Mar, 2024 08:46am

No CCoP meeting under Dar’s chairmanship held so far

ISLAMABAD: Since the appointment of Ishaq Dar as Chairman of the Cabinet Committee on Privatisation (CCoP) on 22nd...

Updated 28 Mar, 2024 08:46am

BR’s refresher: your morning briefing for the day

Important updates from March 27, 2024

Published 28 Mar, 2024 08:45am

Middle East

Israeli forces kill three Palestinians in West Bank raid

JENIN: Israeli forces on Wednesday killed three people in the occupied West Bank city of Jenin, the Palestinian...

Published 28 Mar, 2024 07:28am

World

UK minister threatened with jail over Afghanistan probe

LONDON: A UK government minister is on a collision course with the law over his refusal to reveal the sources of...

Published 28 Mar, 2024 07:24am

South Asia

India strongly objects to US remarks on Kejriwal’s arrest

MUMBAI: India has strongly objected to remarks made by the United States on the arrest of key opposition leader and...

Published 28 Mar, 2024 07:22am

USA

Grim search for six bodies in Baltimore bridge-ship collision continues

BALTIMORE: Emergency services combed the cold waters of Baltimore harbor Wednesday in search of the bodies of six ...

Published 28 Mar, 2024 07:21am

Europe

Uproar in France after school chief quits in hijab row

PARIS: French politicians from across the spectrum on Wednesday expressed dismay over the resignation of a Paris...

Published 28 Mar, 2024 07:20am

World

Xi tells Dutch PM ‘no force can stop’ China tech progress

BEIJING: Chinese leader Xi Jinping on Wednesday told Dutch Prime Minister Mark Rutte that China’s technological...

Published 28 Mar, 2024 07:20am

Money & Banking

Japan’s finance minister issues strongest warning on yen weakness

TOKYO: Japan’s finance minister issued his strongest warning to date about the weakness of the yen as the currency...

Published 28 Mar, 2024 07:20am

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

South Asia

Sri Lanka PM says China to develop strategic infrastructure

COLOMBO: Sri Lanka’s prime minister said Wednesday that China has pledged to develop the island nation’s...

Published 28 Mar, 2024 07:20am

World

Russia says it’s hard to believe IS could have launched Moscow attack

MOSCOW: Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that it was “extremely hard to...

Published 28 Mar, 2024 07:20am

Pakistan

CM approves setting up of new anti-narcotics dept

LAHORE: Punjab Chief Minister Maryam Nawaz has approved establishment of a new department for anti-narcotics and...

Published 28 Mar, 2024 07:19am

Pakistan

Maryam wants new mechanism for boosting dairy exports

LAHORE: Punjab Chief Minister Maryam Nawaz has asked the authorities concerned to put in place a new mechanism to...

Published 28 Mar, 2024 07:18am

Editorials

The contracts

EDITORIAL: Prime Minister Shehbaz Sharif while chairing a meeting on Reko Diq mining project - with the Chief...

Published 28 Mar, 2024 06:50am

Letters

Where is Mr Nawaz Sharif?

It is widely argued that an embittered Nawaz Sharif has gone into low profile since his party failed to get majority...

Published 28 Mar, 2024 07:03am

Editorials

Human development

EDITORIAL: It’s telling, though not entirely surprising, that Pakistan’s position on the UN Human Development...

Published 28 Mar, 2024 07:01am

Editorials

Toxic culture of entitlement

EDITORIAL: The resignation tendered by principal of the elite educational institution, Aitchison College Lahore, ...

Published 28 Mar, 2024 06:59am

Opinion

Burial of humanity

The dance of medieval barbarism with lethal weapons of 21st century is being played out, while the world watches;...

Updated 28 Mar, 2024 06:55am

Opinion

Russia, IS-K and threat of world war

If IS-K (Islamic State-Khorasan) really did strike Moscow this week – and it has hit concerts and football matches...

Published 28 Mar, 2024 06:47am

Pakistan

Rulers put Gaza issue on back burner under influence of US: JI

KARACHI: Preparations are underway for the “Gaza Solidarity Night” scheduled for March 30 in the city, as...

Updated 28 Mar, 2024 06:44am

World

China’s pledges to Southeast Asia come up $50bn short, says study

SYDNEY: China promised billions of dollars to infrastructure projects across Southeast Asia, but many of these were...

Published 28 Mar, 2024 06:30am

World

Poland says closer to resolving grain conflict with Ukraine

WARSAW: Poland and Ukraine were closer to resolving a conflict over farm imports, Warsaw said Wednesday, on the eve...

Published 28 Mar, 2024 06:30am

Energy

OPEC, IEA at most divided on oil demand since at least 2008

LONDON: Producer group OPEC and the International Energy Agency, the world’s most closely watched forecasters of...

Published 28 Mar, 2024 06:30am

World

Barrick looks to explore new gold, copper deposits in DR Congo

BENGALURU: Canadian Miner Barrick Gold said on Wednesday it was ready to explore new gold and copper deposits in the...

Published 28 Mar, 2024 06:30am

Technology

Oracle tops quarterly profit estimates on AI demand

BENGALURU: Oracle said on Monday it is set to make a joint announcement with chip-giant Nvidia, and it beat ...

Published 28 Mar, 2024 06:30am

World

Russia’s FSB chief accuses Ukraine, US and UK of being behind Moscow shooting

MOSCOW: The director of Russia’s most powerful security agency said on Tuesday that he believed Ukraine, along ...

Published 28 Mar, 2024 06:30am

World

UN expert says Israel has committed genocide in Gaza, calls for arms embargo

GENEVA: A United Nations expert told the global body’s Human Rights Council on Tuesday that she believed that...

Published 28 Mar, 2024 06:30am

Technology

Reddit may need to ramp up spending on content moderation, analysts say

BENGALURU: Reddit will need to spend heavily on content moderation as it prepares for greater scrutiny as a public...

Published 28 Mar, 2024 06:30am

World

Climate: Carbon capture tech is booming, and confusing

PARIS: Humanity’s failure to reduce planet-heating carbon pollution — at record levels in 2023 — has thrust...

Published 28 Mar, 2024 06:30am

World

China’s top coal mining province sees production ‘stabilising’

BEIJING: China’s top coal-producing province of Shanxi intends to stabilise output of the fossil fuel this year...

Published 28 Mar, 2024 06:30am

Companies

China’s Xiaomi to start deliveries of its first EV model

BEIJING: China’s Xiaomi said on Tuesday it will start deliveries of its first electric vehicle (EV) model SU7 this...

Published 28 Mar, 2024 06:30am

Cotton & Textile

Phutti prices of new crop fall in local cotton market

LAHORE: The rate of Phutti of new crop is decreasing in the local cotton market. The rate of new Phutti which is in...

Published 28 Mar, 2024 06:30am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (March 27, 2024)...

Published 28 Mar, 2024 06:30am

Rates

Activities of Karachi Port Trust and Port Qasim

KARACHI: The Karachi Port Trust handled 154,257 tonnes of cargo comprising 116,455 tonnes of import cargo and 37,802...

Published 28 Mar, 2024 06:30am

Energy

Oil steadies on US crude inventories data

NEW YORK: Oil prices were broadly level on Wednesday, after official numbers were released for US crude stockpile ...

Published 28 Mar, 2024 06:30am

Energy

US natural gas prices lower

NEW YORK: US natural gas futures slid about 2% on Wednesday on forecasts for milder weather and less heating demand...

Published 28 Mar, 2024 06:30am

Stocks

Japanese shares rise on weaker yen

TOKYO: Japanese shares closed higher on Wednesday, as a weaker yen boosted exporters, while retail investors scooped...

Published 28 Mar, 2024 06:30am

Stocks

China stocks slump to 1-month low

SHANGHAI: China stocks slumped to a one-month low on Wednesday with the Shanghai benchmark dropping below the...

Published 28 Mar, 2024 06:30am

Stocks

Europe’s STOXX 600 ekes out gain on defensive boost

PARIS: European stocks inched up to close at a record high on Wednesday helped by gains in defensive sectors, while...

Published 28 Mar, 2024 06:30am

Stocks

Dow outperforms Wall Street in thin trading week

NEW YORK: The Dow outpaced Wall Street peers in lean trading on Wednesday, boosted by strong gains in drugmaker...

Published 28 Mar, 2024 06:30am

Pakistan

KU VC distributes appointment letters to students

KARACHI: The Vice Chancellor of the University of Karachi Professor Dr Khalid Mahmood Iraqi distributed appointment...

Published 28 Mar, 2024 06:30am

Pakistan

Android devices: Experts warn against downloading apps from unofficial sources

ISLAMABAD: Experts from Kaspersky cautioned that the users of Android devices should exercise caution and avoid...

Published 28 Mar, 2024 06:30am

Companies

Cathay Pacific ‘is back’ with first annual profit since 2019

HONG KONG: Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing ...

Published 28 Mar, 2024 06:30am

Commodities

Brazil heading to rare sequence of rising coffee crops

SAO PAULO: Brazil is expected to post its third annual increase in coffee production this year, a rare sequence seen...

Published 28 Mar, 2024 06:30am

Companies

Saudi Arabia considers transferring state airline Saudia to PIF

DUBAI: Saudi Arabia is considering transferring ownership of national carrier Saudia to the sovereign wealth fund,...

Published 28 Mar, 2024 06:30am

Companies

Zara-owner Inditex first Spring sales rise 11pc on upmarket fashion bet

MADRID: Zara-owner Inditex said on Wednesday its sales jumped 11% in constant currency for the first-half of the...

Published 28 Mar, 2024 06:30am

Companies

European airline CEOs say industry consolidation vital

BRUSSELS: Europe’s airline industry must consolidate further to stay competitive, the CEOs of British Airways ...

Published 28 Mar, 2024 06:30am

Companies

Volkswagen says profits in 2023 hiked, but warns on slow sales growth

FRANKFURT: German auto giant Volkswagen on Wednesday reported a forecast-beating rise in profits for 2023 as vehicle...

Published 28 Mar, 2024 06:30am

Companies

Shell shakes up climate targets, sparking backlash

LONDON: UK oil and gas giant Shell on Thursday watered down key targets on cutting carbon emissions, sparking anger...

Published 28 Mar, 2024 06:30am

Industry

Seeking separate ‘apparel policy’, PRGMEA underscores need for detaching garment sector from textiles

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) have called for a revision...

Published 28 Mar, 2024 06:30am

Commodities

Gold ekes out gains

BENGALURU: Gold ekes out gains with all eyes on US PCE data Gold prices edged higher on Wednesday as investors...

Published 28 Mar, 2024 06:30am

Commodities

Japanese rubber futures up

SINGAPORE: Japanese rubber futures edged up for a second straight session to a three-day closing high on Wednesday,...

Published 28 Mar, 2024 06:30am

Commodities

Copper hits two-week low

LONDON: Copper prices retreated to a two-week low on Wednesday as investors awaited further detail on plans by...

Published 28 Mar, 2024 06:30am

Commodities

Malaysian palm oil futures down

SINGAPORE: Malaysian palm oil futures fell for a second straight session to a two-week closing low on Wednesday,...

Published 28 Mar, 2024 06:30am

Commodities

Ample supply pushes Chicago wheat towards lowest levels since 2020

CANBERRA: Chicago wheat futures fell towards 3-1/2-year lows on Wednesday as traders dismissed concerns that exports...

Published 28 Mar, 2024 06:30am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR28.987...

Published 28 Mar, 2024 06:30am

Commodities

Iron ore futures extend losses

BEIJING: Iron ore futures prices extended losses on Wednesday to their lowest levels in more than one week, ...

Published 28 Mar, 2024 06:30am

Commodities

India’s March gold imports set to drop

MUMBAI: India’s gold imports are set to plunge by more than 90% in March from the previous month to hit their...

Published 28 Mar, 2024 06:30am

Money & Banking

Asian currencies at multi-month lows as dollar steadies

BENGALURU: Several currencies in emerging Asia extended losses on Wednesday to hit multi-month lows, while stocks...

Published 28 Mar, 2024 06:30am

Money & Banking

Japan’s yen hits 34-year low

NEW YORK: The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan’s top...

Published 28 Mar, 2024 06:30am

Taxes

Field formations to remain open on 30th & 31st

ISLAMABAD: The Federal Board of Revenue (FBR) has directed field formations to remain open on Saturday (March 30) ...

Published 28 Mar, 2024 06:30am

Pakistan

Punjab PA: discussions on budget conclude

LAHORE: Finance Minister Mujtaba Shuja-ur-Rehman stated on Wednesday that the era of past corruption has concluded,...

Published 28 Mar, 2024 06:29am

Pakistan

Development projects: minister reviews progress

LAHORE: Senior Minister Punjab Maryam Aurungzeb has directed to undertake strict monitoring of development projects...

Published 28 Mar, 2024 06:27am

Industry

LCCI says has reservations over FBR’s ‘Tajir Dost’ plan

LAHORE: President Lahore Chamber of Commerce and Industry Kashif Anwar has said that business friendly taxation...

Published 28 Mar, 2024 06:25am

Pakistan

Agriculture minister says farmers’ prosperity Punjab govt’s main priority

LAHORE: Punjab Agriculture Minister Ashiq Hussain Kirmani while reviewing the projects being carried out under...

Published 28 Mar, 2024 06:24am

Pakistan

Wapda chief visits Dasu project to express solidarity with the Chinese firm

LAHROE: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) visited Dasu Hydropower Project today to express solidarity...

Published 28 Mar, 2024 06:23am

Pakistan

Illegal constructions: LDA seals, demolishes several properties

LAHORE: In an operation against illegal constructions, the Lahore Development Authority (LDA) sealed and demolished...

Published 28 Mar, 2024 06:22am

Sports

ICC delegation meets PCB chairman

LAHORE: The ICC delegation visiting Pakistan to inspect venues and facilities for the ICC Champions Trophy 2025...

Published 28 Mar, 2024 06:21am

Pakistan

By-polls on 23 seats of assemblies: Candidates won’t be allowed to quit after tomorrow: ECP

ISLAMABAD: Any of the candidates contesting the April 21 by-polls on 23 seats of the assemblies can quit the ...

Published 28 Mar, 2024 06:20am

Companies

Mobilink Bank launches ‘Center of Excellence for Women’

ISLAMABAD: Mobilink Bank, Pakistan’s leading digital microfinance bank, has reaffirmed its commitment to women’s...

Published 28 Mar, 2024 06:19am

Opinion

Rethinking the seed industry in Pakistan

The primary aim of agricultural research and development is to enhance crop productivity and profitability. Despite...

Published 28 Mar, 2024 06:17am

Pakistan

Italian CG hosts Iftar dinner

KARACHI: The third edition of Iftar dinner was hosted by Consul General of Italy in Karachi, Danilo Giurdanella at a...

Published 28 Mar, 2024 06:16am

Pakistan

Moon jellyfish cultivation marks marine milestone in Pakistan

KARACHI: in a pioneering stride for marine biology in Pakistan, Muhammad Haseeb-ur-Rehman, an accomplished marine...

Published 28 Mar, 2024 06:14am

Pakistan

Key world capitals: PM likely to appoint new envoys after Eid

ISLAMABAD: Prime Minister Shehbaz Sharif is expected to approve the appointments of new ambassadors in important...

Updated 28 Mar, 2024 06:08am

Pakistan

Reserved seats: PHC directs KP provincial assembly Speaker to take oath of lawmakers

PESHAWAR: The Peshawar High Court (PHC) on Wednesday directed Khyber Pakhtunkhwa Assembly Speaker Babar Saleem Swati...

Updated 28 Mar, 2024 06:06am

Pakistan

Senate elections: Balochistan parties agree to get candidates elected unopposed

QUETTA: Six large parliamentary parties in Balochistan on Wednesday have decided to get their all candidates from ...

Published 28 Mar, 2024 06:06am

Pakistan

Aurangzeb to arrive in Karachi today

ISLAMABAD: Finance Minister Muhammad Aurangzeb will leave for Karachi today (Thursday) to hold the first interaction...

Published 28 Mar, 2024 06:04am

Pakistan

Karachi airport: seven PIA flights cancelled

KARACHI: Seven flights of Pakistan International Airlines (PIA) were cancelled from Karachi’s Jinnah International...

Published 28 Mar, 2024 06:03am

Commodities

Gold prices stable

KARACHI: The local gold market on Wednesday remained stable despite the global bullion slight momentum, traders ...

Published 28 Mar, 2024 06:03am

Pakistan

PTI MNAs to launch campaign for release of party founder

PESHAWAR: Lawyers and elected representatives of Pakistan Tehreek-e-Insaf have reaffirmed the pledge to take all...

Published 28 Mar, 2024 06:01am

Pakistan

Shami to head govt-press relations committee of APNS

KARACHI: The President, Nazafreen Saigol Lakhani, and the Secretary General, Sarmad Ali of the All Pakistan...

Published 28 Mar, 2024 06:00am

Pakistan

Public gathering in capital: IHC directs authorities to grant permission to PTI

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, directed the authorities to grant permission to the Pakistan...

Published 28 Mar, 2024 05:59am

Pakistan

FJC vandalism case: Shibli Faraz granted interim bail

ISLAMABAD: An Anti-Terrorism Court (ATC), on Wednesday, granted interim bail to the Pakistan Tehreek-e-Insaf’s...

Published 28 Mar, 2024 05:57am

Pakistan

JUI-F decides to boycott April 21 by-elections

ISLAMABAD: Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has announced boycotting the by-elections ...

Published 28 Mar, 2024 05:56am

Opinion

PARTLY FACETIOUS: Honey bottle was tampered with?

“Nectar is food for the gods.” “Wow, have you crossed many, many, red lines.” “In ancient Greek and Roman...

Published 28 Mar, 2024 05:53am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (March 27, 2024) and the forecast for Thursday (March 28, 2024)...