News Archives for Latest - 2024-03-29

Pakistan

KU awards PhD, other degrees in various disciplines

KARACHI: Advanced Studies and Research Board of the University of Karachi has awarded 19 PhD, 54 MPhil, nine M.S....

Updated 30 Mar, 2024 04:12pm

World

Famine is ‘quite possibly’ in some areas of northern Gaza, U.S. official says

WASHINGTON: Famine is quite possibly present in parts of the northern Gaza Strip, a senior U.S. State Department...

Published 29 Mar, 2024 11:18pm

Europe

Ukraine downs two Russian missiles over Odesa, five people injured

Ukraine’s air force downed two Russian missiles in the southern port city of Odesa on Friday afternoon, officials...

Published 29 Mar, 2024 11:03pm

Technology

Experts hail Chinese EV giant BYD’s entry to Pakistan market

Chinese electric vehicle (EV) giant BYD revealed its plan to enter the Pakistan market and industry experts see it...

Published 29 Mar, 2024 11:00pm

Business & Economy

Aurangzeb eyes fresh staff-level agreement with IMF by end of this fiscal year

Finance minister says imposition of super tax, windfall tax not sustainable

Updated 29 Mar, 2024 10:37pm

Business & Economy

Aurangzeb holds key meeting with SBP governor

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Friday convened a meeting with Governor of the State...

Updated 29 Mar, 2024 10:25pm

Middle East

Israel kills dozens across the Gaza Strip as its relentless aggression continues

CAIRO: Israel continued relentless aerial and ground bombardment of the Gaza Strip on Friday, killing dozens of...

Updated 29 Mar, 2024 10:21pm

Money & Banking

Bank Alfalah’s eyes majority stake in Samba Bank Limited

Bank Alfalah Limited, one of Pakistan’s largest commercial banks, has expressed its intention to acquire a majority...

Updated 29 Mar, 2024 10:15pm

Money & Banking

SBP clears Nassir Salim’s appointment as HBL President & CEO

The State Bank of Pakistan (SBP) has given in-principle clearance for the appointment of Muhammad Nassir Salim as...

Updated 29 Mar, 2024 10:14pm

Pakistan

In letter to PM Shehbaz, Biden says US ‘will stand with Pakistan’ in face of global, regional challenges

US President says ‘enduring’ Pak-US partnership critical to ensuring world security

Updated 29 Mar, 2024 10:13pm

Business & Economy

Finance ministry sees inflation at 22.5-23.5% in March

Says inflation outlook at moderate level despite upward revision of petrol prices and influence of Ramzan

Updated 29 Mar, 2024 10:12pm

Pakistan

No political, bureaucratic interference to be allowed in anti-smuggling drive: PM Shehbaz

Prime Minister Shehbaz Sharif on Friday said the government will not allow any political or bureaucratic...

Updated 29 Mar, 2024 09:46pm

Stocks

KSE-100 retreats from record high but still closes above 67,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 closed lower on Friday as traders took a breather after the...

Updated 29 Mar, 2024 09:15pm

Money & Banking

Saudi central bank net foreign assets fall by $7.20bn in Feb

CAIRO: The Saudi central bank’s net foreign assets fell by $7.20 billion in February from the previous month,...

Published 29 Mar, 2024 09:08pm

Pakistan

China joins probe into deadly suicide attack on its nationals in Pakistan

ISLAMABAD: Chinese investigators arrived in Pakistan on Friday to join a probe into the killing of five Chinese...

Updated 29 Mar, 2024 09:06pm

Bullion Rate

Gold price per tola gains another Rs3,800 in Pakistan

Gold continued to gain in Pakistan on Friday as the yellow metal hit record high in the international market. Gold...

Updated 29 Mar, 2024 09:05pm

Companies

India’s Zee cuts staff by about half at Bengaluru’s Technology & Innovation Centre

BENGALURU: India’s Zee Entertainment on Friday said it has reduced the workforce at its Technology & Innovation...

Published 29 Mar, 2024 09:03pm

Exchange

Rupee marginally strengthens against US dollar

Currency settles at 277.95 against the greenback in inter-bank market

Updated 29 Mar, 2024 07:49pm

South Asia

Ukraine and India agree to restore ties to pre-war levels, discuss peace plan

NEW DELHI: The foreign ministers of India and Ukraine said on Friday they had agreed to restore trade and...

Published 29 Mar, 2024 07:32pm

Commodities

Malaysian palm oil futures settle higher, mirroring soyoil

NEW DELHI: Malaysian palm oil futures settled higher on Friday, mirroring gains in soyoil, after falling for two...

Published 29 Mar, 2024 07:26pm

Stocks

Banks and industrial stocks lift Dubai, Abu Dhabi falls

Dubai’s main share index closed higher on Friday, boosted by gains in banking and industrial sector stocks while the...

Published 29 Mar, 2024 05:47pm

Money & Banking

India’s forex reserves jump to record high

BENGALURU: India’s foreign exchange reserves rose for a fifth straight week to hit a record high of $642.63 billion...

Published 29 Mar, 2024 05:44pm

Literature

Harvard library removes human skin from book binding

NEW YORK: Prestigious Harvard University said that it had removed human skin from the binding of a book held for...

Published 29 Mar, 2024 05:32pm

Cricket

Bangladesh peg hopes on Shakib return for Test lift

CHITTAGONG: Bangladesh were counting on the return of veteran all-rounder Shakib Al Hasan for a much-needed energy...

Published 29 Mar, 2024 05:12pm

South Asia

North Korea says it has ‘nothing’ to talk about with Japan

SEOUL: Pyongyang said on Friday it had “nothing to talk” about with Japan after claiming that a Japanese diplomat in...

Published 29 Mar, 2024 05:08pm

Europe

Ukraine gets $1.5bn funding tranche under World Bank programme, PM says

Ukraine has received a $1.5 billion tranche of funding under a World Bank programme, Prime Minister Denys Shmyhal...

Published 29 Mar, 2024 04:57pm

Companies

PABC’s profit jumps nearly 86%, stands at Rs5bn in 2023

Pakistan Aluminium Beverage Cans Limited (PABC) posted a profit-after-tax of Rs5.02 billion in 2023, an increase of...

Updated 29 Mar, 2024 04:42pm

Industry

Pakistan’s listed pharma sector sees earnings go down 42% YoY in 2023

Decline attributed to decrease in gross margin, higher finance cost, says brokerage house

Updated 29 Mar, 2024 04:16pm

Luxury

Valentino hires former Gucci designer Michele as creative director

MILAN: Valentino has hired former Gucci designer Alessandro Michele as creative director, after the announcement of...

Published 29 Mar, 2024 02:56pm

PM reconstitutes CCI: Dar included, Aurangzeb excluded

Prime minister constitutes eight Member Council of Common Interests

Updated 29 Mar, 2024 02:47pm

IMF-WB meetings in April: Talks on privatisation likely

ISLAMABAD: Privatisation may come under discussion between the Pakistani economic team and the International...

Updated 29 Mar, 2024 02:46pm

Forex

Russian rouble slightly strengthens against the US dollar

MOSCOW: The Russian rouble strengthened slightly against the US dollar on Friday. By 0722 GMT, the rouble was 0.23%...

Published 29 Mar, 2024 02:24pm

Europe

Turkiye Erdogan to visit US on May 9, security official says

ANKARA: Turkiye President Tayyip Erdogan will visit the United States on May 9, a Turkiye security official said on...

Published 29 Mar, 2024 02:21pm

Companies

Panasonic to sell entire stake in autos business to Apollo Global-managed funds

TOKYO: Japan’s Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS)...

Published 29 Mar, 2024 02:18pm

Sports

Andy Murray pulls out of Monte Carlo, Munich due to ankle injury

Andy Murray will miss the Monte Carlo Masters and Munich Open next month as he recovers from a severe ankle injury...

Published 29 Mar, 2024 02:16pm

Movies & Music

‘Oppenheimer’ director Christopher Nolan to be given knighthood

LONDON: British-American filmmaker Christopher Nolan, fresh from his Oscar victory for historical drama...

Published 29 Mar, 2024 01:25pm

Sidebar

BYD officially enters Pakistan’s passenger vehicle market

Published 29 Mar, 2024 12:59pm

Companies

BYD officially enters Pakistan’s passenger vehicle market

XI’AN, CHINA: BYD (Build Your Dreams), the world’s leading new energy vehicle (NEV) manufacturer, has announced that...

Published 29 Mar, 2024 12:32pm

Europe

Russia’s Lavrov tells newspaper that Ukraine peace plan is pointless

Russian Foreign Minister Sergei Lavrov, in an interview published on Friday, said Ukraine’s proposed peace plan was...

Published 29 Mar, 2024 11:34am

South Asia

Ukraine urges India to rethink ‘Soviet legacy’ of Russia ties, FT says

Foreign Minister Dmytro Kuleba has urged India to stand by Kyiv, saying the South Asian nation’s close ties with...

Published 29 Mar, 2024 11:24am

Europe

Blasts reported in several Ukrainian regions amid Russian missile attack

Explosions were heard in Ukraine’s Ivano-Frankivsk and Khmelnytskyi regions and the city of Dnipro on Friday morning...

Published 29 Mar, 2024 11:00am

Europe

Giorgia Meloni, Le Pen rift mars far right’s prospects of wielding EU power

PARIS/ROME: When a French minister compared Italy’s nationalist Prime Minister Giorgia Meloni last year to the...

Published 29 Mar, 2024 10:53am

Stocks

China stocks rise as strength in banks offsets developers’ falls

SHANGHAI: China stocks rose on Friday as strength in banking shares offset declines in property stocks. The Hong...

Published 29 Mar, 2024 10:47am

Stocks

Tokyo stocks rebound after US records

TOKYO: Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall...

Published 29 Mar, 2024 10:37am

USA

Russian veto ends monitoring of UN’s North Korea sanctions

UNITED NATIONS: Russia on Thursday blocked the renewal of a panel of UN experts monitoring international sanctions...

Published 29 Mar, 2024 10:35am

Sports

Kylian Mbappe set to measure up to Marseille for final time with PSG

PARIS: Kylian Mbappe is set to sample the fiercest rivalry in French football for the final time before his expected...

Published 29 Mar, 2024 10:31am

Asia

Japan to resume funding to UN Palestinian refugee agency

TOKYO: Japan is preparing to resume funding to the UN’s crisis-hit Palestinian refugee agency (UNRWA), which...

Published 29 Mar, 2024 10:27am

Sports

Elena Rybakina rallies past Victoria Azarenka to reach Miami final

Fourth-seeded Elena Rybakina of Kazakhstan advanced to her fourth final this season, dispatching 27th-seeded...

Published 29 Mar, 2024 10:21am

Sports

Zak Crawley calls for refinement to ‘Bazball’ after India defeat

England need to remain positive and make some adjustments to their aggressive style of play in Test cricket...

Published 29 Mar, 2024 10:20am

Business & Finance

Vietnam economy expands by 5.66% in Q1 as exports boom

HANOI: Vietnam’s gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed,...

Published 29 Mar, 2024 10:17am

Commodities

Shanghai copper heads for biggest monthly gain in 16 months

BEIJING: Shanghai copper prices were little changed on Friday, but poised for their biggest monthly gain in 16...

Published 29 Mar, 2024 10:15am

Commodities

Malaysian palm oil futures rise in line with rival soyoil

NEW DELHI: Malaysian palm oil futures rose on Friday, in line with rival soyoil, to reverse losses in the previous...

Published 29 Mar, 2024 10:13am

Middle East

Israeli strikes on Syria kill dozens, security sources say

CAIRO: Israeli strikes on the northern Syrian city of Aleppo early on Friday killed 38 people, including five...

Published 29 Mar, 2024 10:07am

Forex

China’s yuan dips against dollar, downward pressure persists

SHANGHAI: China’s yuan slightly weakened against the dollar on Friday as it neared the end of a volatile week in...

Published 29 Mar, 2024 10:05am

Sports

Grigor Dimitrov stuns Alcaraz to reach Miami Open semi-finals

Carlos Alcaraz’s hopes for a Sunshine Double came undone in spectacular fashion as the top-seeded Spaniard fell 6-2...

Published 29 Mar, 2024 10:04am

Business & Finance

Thailand could adjust fiscal budget to accommodate $13.7bn handout scheme, official says

BANGKOK: There will good news ahead for Thailand’s 500 billion baht ($13.71 billion) handout scheme, for which the...

Published 29 Mar, 2024 10:01am

Proposal on Indo-Pak trade resumption under study: FO

ISLAMABAD: The Foreign Office said on Thursday that Pakistan’s position on the suspension of trade ties with India,...

Updated 29 Mar, 2024 09:59am

PM forms CCoIGCT

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted the Cabinet Committee on Inter-Governmental Commercial...

Updated 29 Mar, 2024 09:58am

Fraud in group-financed projects: WB debars two consultancy firms, Pakistani national

ISLAMABAD: The World Bank has announced the debarment of the Pakistan-based consultancy companies Solutions for...

Updated 29 Mar, 2024 09:58am

Energy

Nepra approves Rs85.275bn QTA for Q2FY24

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved the quarterly tariff adjustment...

Updated 29 Mar, 2024 09:55am

Export of flour made from imported wheat allowed

ISLAMABAD: Ministry of Commerce (MoC) has allowed export of wheat flour manufactured from the grinding of imported...

Updated 29 Mar, 2024 09:55am

New imported cars/vehicles: MoC takes step to help avert detention by Customs at ports

ISLAMABAD: The Commerce Ministry has issued notification by amending Import Policy Order (IPO), 2022, to declare...

Updated 29 Mar, 2024 09:54am

Commodities

Iron ore falls for fourth session on China property woes

BEIJING: Iron ore futures fell on Friday for a fourth straight session, as concerns over China’s property sector...

Published 29 Mar, 2024 09:47am

BR Research

Amreli Steels Limited

Amreli Steels Limited (PSX: ASTL) was incorporated in Pakistan as a private limited company in 1984 and was...

Published 29 Mar, 2024 09:33am

BR Research

Surging IT exports

The newly elected Finance Minister has hinted at touching $3.5 billion in IT exports for FY24, and part of it is due...

Published 29 Mar, 2024 09:18am

Nepra advises govt to review power tariff structure

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday advised the government to review...

Updated 29 Mar, 2024 09:12am

Business & Finance

GDP posts 1pc growth in Q2FY24: NAC

ISLAMABAD: The country’s Gross Domestic Product (GDP) posted a modest growth of one percent during the 2nd quarter...

Updated 29 Mar, 2024 09:10am

BR’s refresher: your morning briefing for the day

Important updates from March 28, 2024

Published 29 Mar, 2024 09:09am

Pakistan

Punjab PA passes Rs3.43bn interim budget amid uproar

LAHORE: During the uproar of the opposition in the Punjab Assembly, a budget of more than Rs3.431 billion was...

Updated 29 Mar, 2024 09:03am

Opinion

Impact of inflation on daily life in Pakistan

Pakistan is grappling with an economic crisis defined by skyrocketing inflation. The rise in prices, across a...