News Archives for Latest - 2024-04-02

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Archive - 2024-04-02

Pakistan

Senate elections: Ishaq Dar, Aurangzeb, Faisal Vawda become Senators

Elections postponed in KP assembly
PM Shehbaz felicitates newly elected Senators

Updated 02 Apr, 2024 11:54pm

Money & Banking

T-bills attract net inflow of $82mn in March to hit 4-year high

US dollar inflows in Pakistan through Treasury bills (T-bills) hit a 4-year high in March 2024 as the country...

Published 02 Apr, 2024 11:45pm

Cotton & Textile

Pakistan’s textile exports up 3% YoY in March, clock in at $1.3bn

In 9MFY24, overall textile exports down marginal 0.3%, stand at $12.44bn

Updated 02 Apr, 2024 11:49pm

Cotton & Textile

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Monday (April 01, 2024) =========================== 6/S-7/S (COTTON)...

Published 02 Apr, 2024 11:48pm

Energy

Sale of petroleum products inches up 4%, signals some stability

Sale of total petroleum products in Pakistan clocked in at 1.15 million tons in March, an increase of 4%...

Updated 02 Apr, 2024 11:48pm

Pakistan

PTI’s Omar Ayub named opposition leader

No other candidates’ nomination papers received for slot

Updated 02 Apr, 2024 11:47pm

PM reaches out to Chinese engineers working on Dasu project

DASU: Prime Minister Shehbaz Sharif on Monday assured foolproof security measures for the Chinese nationals working...

Updated 02 Apr, 2024 11:46pm

Forex

Rupee marginally up against US dollar

Currency settles at 277.84 against the greenback in inter-bank market

Updated 02 Apr, 2024 11:45pm

Business & Economy

In absence of major, sustained reforms, Pakistan to continue facing liquidity issues: World Bank

Poverty reduction projected to stall in medium term due to weak growth, low real labour incomes, and persistently high inflation, says lender in 'Pakistan Development Update'

Updated 02 Apr, 2024 11:38pm

Business & Economy

Pakistan canvasses interest in purchase of stake in PIA

KARACHI: Pakistan is putting on the block a stake ranging from 51% to 100% of loss-making national carrier Pakistan...

Updated 02 Apr, 2024 11:33pm

World

UAE pauses aid to Gaza by sea after Israeli strike kills aid workers

DUBAI: The United Arab Emirates is pausing humanitarian aid efforts through a maritime corridor from Cyprus to Gaza...

Published 02 Apr, 2024 11:23pm

World

World Bank estimates damage to Gaza critical infrastructure at $18.5bn

WASHINGTON: The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza’s critical...

Published 02 Apr, 2024 10:48pm

Business & Economy

PM Shehbaz urges enhanced trade and connectivity with Iran

In meeting with PM, Iranian ambassador affirms Tehran's desire to further strengthen relations with Pakistan in all areas of mutual interest

Published 02 Apr, 2024 10:42pm

Stocks

KSE-100 closes higher on late-session buying

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 closed a range-bound session on a positive note on Tuesday as...

Updated 02 Apr, 2024 10:02pm

Money & Banking

US Fed official predicts higher long-term interest rates

WASHINGTON: A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest...

Published 02 Apr, 2024 09:52pm

Europe

Zelensky lowers army mobilisation age from 27 to 25: parliament

KYIV: Ukrainian President Volodymyr Zelensky on Tuesday signed into law a measure lowering the country’s army...

Published 02 Apr, 2024 09:51pm

Energy

Brent oil hits highest price this year on fresh supply threats

Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as...

Updated 02 Apr, 2024 09:48pm

Europe

Fire tears through Istanbul apartment block, killing 29

ISTANBUL: A fire that raged from the basement of a 16-storey block in central Istanbul left at least 29 people dead...

Published 02 Apr, 2024 09:26pm

Middle East

Blinken says US urged Israel to investigate airstrike that killed NGO workers

PARIS: U.S. Secretary of State Antony Blinken on Tuesday said Washington has urged Israel to carry out a swift,...

Published 02 Apr, 2024 08:40pm

South Asia

Sri Lanka recovering but poverty enduring: World Bank

COLOMBO: Crisis-hit Sri Lanka will return to growth this year, the World Bank said Tuesday, but around a quarter of...

Published 02 Apr, 2024 07:53pm

Stocks

US stocks tumble in ‘overbought’ market

NEW YORK: Wall Street stocks fell sharply early Tuesday following inflation data that has clouded the outlook for US...

Published 02 Apr, 2024 07:50pm

Middle East

World powers condemn deadly Gaza air strike on aid workers

PARIS: The United States and Britain led international criticism Tuesday of a deadly strike in the Gaza Strip that...

Updated 02 Apr, 2024 06:21pm

Sports

Sri Lanka close on victory in second Bangladesh Test

CHITTAGONG: Prabath Jayasuriya, Lahiru Kumara and Kamindu Mendis each claimed two wickets as Sri Lanka came within...

Updated 02 Apr, 2024 06:16pm

Middle East

Netanyahu admits ‘unintentional’ Israel strike killed Gaza aid workers

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu admitted Tuesday that its armed forces...

Published 02 Apr, 2024 06:08pm

Companies

CCP issues showcause notices to six fertiliser firms

The Competition Commission of Pakistan (CCP) has issued showcause notices to the Fertilizer Manufacturers of...

Published 02 Apr, 2024 05:42pm

Europe

Russia says seized 400 square km of Ukrainian land

MOSCOW: Russia said Tuesday its forces had captured 400 square kilometres (150 square miles) of Ukrainian territory...

Published 02 Apr, 2024 05:18pm

Africa

Egyptian President Sisi sworn in for third term

CAIRO: Egypt’s President Abdel Fattah al-Sisi was sworn in Tuesday for his third term as leader of the Arab world’s...

Published 02 Apr, 2024 05:16pm

Commodities

Palm oil extends rise on short coverings, Chicago soyoil strength

JAKARTA: Malaysian palm oil futures rose for the third consecutive session on Tuesday, helped by short coverings and...

Published 02 Apr, 2024 04:53pm

Energy

OPEC+ unlikely to change output policy at April 3 meeting

LONDON: An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday,...

Published 02 Apr, 2024 04:49pm

Movies & Music

Fans in Beyonce’s native Houston fete new country album

HOUSTON: In Beyonce’s hometown of Houston fans turned out in full force at a roller rink listening party celebrating...

Published 02 Apr, 2024 04:41pm

Life & Style

Lizzo says ‘I quit’ after ‘lies’ told about her

NEW YORK: Pop star Lizzo, who built her brand on being a poster girl for self-love but has been hit by employee...

Published 02 Apr, 2024 04:34pm

Bullion Rate

Gold price per tola decreases Rs500 in Pakistan

Gold rates in Pakistan decreased on Tuesday in line with a decline in the international rate. The yellow metal was...

Published 02 Apr, 2024 03:49pm

Forex

Sterling ticks up as UK manufacturing recovers

LONDON: The pound rose on Tuesday after data showed Britain’s manufacturing sector expanded in March and mortgage...

Published 02 Apr, 2024 03:30pm

Europe

Kremlin says Israeli attack on Iranian consulate is ‘act of aggression’

MOSCOW: The Kremlin said on Tuesday that a suspected Israeli air strike against the Iranian consulate in Damascus...

Published 02 Apr, 2024 03:28pm

Forex

Kenya’s shilling steady, dollar inflows seen from agriculture

NAIROBI: Kenya’s shilling was little changed on Tuesday, but traders were expecting it to gain ground in the days...

Published 02 Apr, 2024 02:39pm

Stocks

Commodity-linked stocks boost London equities to more than 1-year highs

British shares climbed on Tuesday, scaling their highest levels in more than a year, as a rise in prices of most...

Published 02 Apr, 2024 02:32pm

Forex

Rouble weakens as Ukraine hits refinery deep in Russian territory

MOSCOW: The Russian rouble weakened against the dollar on Tuesday, hampered by reduced foreign currency supply from...

Published 02 Apr, 2024 02:30pm

Stocks

PSX to be closed on Friday (April 5, 2024)

Pakistan Stock Exchange Limited (PSX) will remain closed on Friday, April 05, 2024 on account of Jumua-tul-Wida. “It...

Published 02 Apr, 2024 02:27pm

Europe

Antony Blinken in Paris after Gaza NGO attack, French UN push

PARIS: US Secretary of State Antony Blinken will hold talks in Paris on Tuesday after a Washington-based NGO was...

Published 02 Apr, 2024 02:27pm

Europe

Destruction of Gaza’s Shifa Hospital rips heart out of health system, WHO says

GENEVA: The World Health Organization (WHO) said on Tuesday that the destruction of Al Shifa Hospital in Gaza...

Published 02 Apr, 2024 02:15pm

Sports

Tyson says he is still a huge draw despite age

NEW YORK: Mike Tyson will be 58 when he takes on Jake Paul on July 20 in Texas but he said fans are still clamouring...

Published 02 Apr, 2024 02:13pm

Sports

All-rounder Stokes opts out of England squad for Twenty20 World Cup

England all-rounder Ben Stokes has opted out of selection for this year’s Twenty20 World Cup, the country’s cricket...

Published 02 Apr, 2024 02:12pm

Real Estate

Shares in Chinese developer Country Garden suspended in Hong Kong

HONG KONG: Trading in debt-ridden Chinese property developer Country Garden was suspended in Hong Kong Tuesday, days...

Published 02 Apr, 2024 02:09pm

Sports

New skipper Pandya under fire from Rohit fans as Mumbai slump

NEW DELHI: Hardik Pandya has been facing the wrath of jeering fans in the Indian Premier League this season, with...

Published 02 Apr, 2024 02:06pm

Middle East

Israel airstrike on Gaza kills foreigners working for celebrity chef's NGO

Citizens from Australia, Britain and Poland were among at least five people working for celebrity chef Jose Andres’...

Updated 02 Apr, 2024 01:05pm

EUR PKR

Euro to PKR

Published 02 Apr, 2024 12:57pm

SAR PKR

Saudi Riyal to PKR

Published 02 Apr, 2024 12:56pm

JPY PKR

Japanese Yes to PKR

Japanese Yen to PKR

Published 02 Apr, 2024 12:56pm

AED PKR

United Arab Emirates Dirham to PKR

Published 02 Apr, 2024 12:55pm

GBP PKR

Pound Sterling to PKR Exchange Rates

Pound Sterling to PKR

Published 02 Apr, 2024 12:53pm

USD PKR

Dollar to PKR Exchange Rates

Currency Exchange Rates - Dollar to PKR

Published 02 Apr, 2024 12:49pm

Europe

Russia says seizes explosives sent from Ukraine via EU

MOSCOW: Russia’s FSB security service said Tuesday it had seized dozens of kilos of explosives sent from Ukraine...

Published 02 Apr, 2024 12:44pm

Asia

North Korea fires medium-range ballistic missile

SEOUL: North Korea fired a medium-range ballistic missile on Tuesday, with South Korea, the United States and Japan...

Published 02 Apr, 2024 12:41pm

Asia

China condemns Israel strike on Iranian consular annex in Syria

BEIJING: China on Tuesday said it condemned Israeli air strikes that destroyed the Iranian embassy’s consular annex...

Published 02 Apr, 2024 12:38pm

Stocks

European stocks rise at open after Easter

LONDON: Europe’s main stock markets climbed at the opening bell on Tuesday as traders returned to action after the...

Published 02 Apr, 2024 12:36pm

Commodities

Copper climbs on China demand, raw material supply concerns

BEIJING: Copper prices rose on Tuesday, supported by improving demand outlook from top consumer China and looming...

Published 02 Apr, 2024 12:32pm

Stocks

Asian shares up, dollar firms as rate cut wagers fade

SINGAPORE: Asian stocks rose on Tuesday and the dollar firmed, keeping the yen pinned near the 152-per-dollar levels...

Published 02 Apr, 2024 12:28pm

USA

White House’s Sullivan traveling to Saudi Arabia for talks with MBS

WASHINGTON: White House national security adviser Jake Sullivan plans to travel to Saudi Arabia this week for talks...

Published 02 Apr, 2024 12:20pm

Commodities

Palm oil recovers from early losses in range-bound trading

JAKARTA: Malaysian palm oil futures recovered in range-bound trading on Tuesday after slipping earlier, as gains...

Published 02 Apr, 2024 12:09pm

Sports

Olympic spot an extra driver for Smith’s Masters tilt

SYDNEY: If Cameron Smith needed any extra motivation to perform well at the Masters later this month, his...

Published 02 Apr, 2024 11:40am

Stocks

Indian shares open little changed; financials pause after recent rise

BENGALURU: Indian shares were muted at the open on Tuesday after hitting record highs in the previous session, as...

Published 02 Apr, 2024 11:36am

Commodities

Wheat rises but strong supply, rising dollar limit gains

CANBERRA: Chicago wheat futures rose on Tuesday but remained close to their lowest level since 2020 amid...

Published 02 Apr, 2024 11:26am

Technology

China Xiaomi’s market value soars by up to $7.6bn on EV launch

BEIJING/HONG KONG: Shares of China’s Xiaomi surged as much as 16% on Tuesday as the electronics maker’s sporty...

Published 02 Apr, 2024 11:24am

Forex

China’s yuan slides to 4-1/2-month low despite state banks’ dlr sales, strong guidance

SHANGHAI: China’s yuan fell to a 4-1/2-month low on Tuesday, as a robust dollar offset greenback sales by...

Published 02 Apr, 2024 11:20am

Forex

Australia, NZ dollars struggle as US rate cut hopes fade, bonds stumble

SYDNEY: The Australian and New Zealand dollars were pinned near their recent lows on Tuesday while bonds took a hit...

Published 02 Apr, 2024 11:18am

Business & Finance

KATI president demands govt further decrease diesel price

KARACHI: Korangi Association of Trade and Industry (KATI) has voiced its apprehensions over the recent hike in...

Updated 02 Apr, 2024 11:02am

Asia

Japan resumes funding to embattled Palestinian refugee agency UNRWA

TOKYO: Japan on Tuesday said it will lift its suspension of funding to the UN Palestinian refugee agency (UNRWA) as...

Published 02 Apr, 2024 10:43am

Europe

Belarus holds military drills near borders with EU, Ukraine

Belarus started military exercises on Tuesday in regions bordering Ukraine and European Union members Lithuania and...

Published 02 Apr, 2024 10:28am

Stocks

China stocks roughly flat as sentiment remains subdued; HK shares up

SHANGHAI: Chinese stocks were largely flat on Tuesday, as investor sentiment was muted between improved...

Published 02 Apr, 2024 10:11am

Bullion Rate

Gold hovers below record peak as US dollar, yields firm after upbeat data

Gold prices on Tuesday hovered below record highs hit in the previous session, as the US dollar and Treasury yields...

Published 02 Apr, 2024 10:09am

Mutual Funds

Indian bond yields lifted by Treasury yields

MUMBAI: Indian government bond yields rose on Tuesday as a spike in Treasury yields and a shift in the domestic debt...

Published 02 Apr, 2024 10:06am

Forex

Indian rupee to rely on central bank help to counter surging dollar

MUMBAI: The Indian rupee will be counting on the central bank’s assistance on Tuesday to avoid declining to a record...

Published 02 Apr, 2024 10:04am

Stocks

Rebound in Japan’s Nikkei limited by currency intervention risk

TOKYO: Japan’s Nikkei share average rebounded on Tuesday, briefly scaling 40,000 points as traders bought on the dip...

Published 02 Apr, 2024 10:02am

Stocks

Australian shares hit record high; RBA cautious on inflation

Australian shares hit an all-time high on Tuesday as trading resumed after a long holiday weekend, with miners...

Published 02 Apr, 2024 10:00am

Forex

Dollar ascendant as Fed cut bets pared, jawboning props up yen

TOKYO: The US dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back...

Published 02 Apr, 2024 09:56am

Jul-Mar trade deficit shrinks 24.94pc to $17.03bn YoY

Country’s exports increases by eight percent

Updated 02 Apr, 2024 09:51am

Rehabilitation of Tunnel 5 gates of Tarbela Dam: World Bank asks Wapda to seek Rs80bn allocation in budget

ISLAMABAD: The World Bank (WB) has asked the Water and Power Development Authority (Wapda) to approach the...

Updated 02 Apr, 2024 09:45am

SNGPL urges PD to help ensure clearance of dues

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has sent an SOS call to the Petroleum Division for...

Updated 02 Apr, 2024 09:44am

Top taxpayers: Pakistan Honour Card Scheme to be announced

ISLAMABAD: The Federal Board of Revenue (FBR) will announce the “Pakistan Honour Card Scheme” for the top taxpayers...

Updated 02 Apr, 2024 09:42am

March CPI inflation soars 20.7pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 20.7 percent on a year-on-year (YoY) basis in...

Updated 02 Apr, 2024 09:40am

Business & Finance

Prior to March 21st: FBR issues all refund claims of exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has issued all sales tax refund claims of exporters which were created...

Updated 02 Apr, 2024 09:40am

Pakistan

Polling to elect 30 Senators to be held today

ISLAMABAD: All eyes are on the Upper House of the Parliament that goes to elections on 30 of its 48 seats today...

Updated 02 Apr, 2024 09:40am

Cooperation and investment: World Bank, IFC bigwigs discuss potential areas with Aurangzeb

ISLAMABAD: The World Bank country director and International Finance Corporation (IFC) country manager on Monday met...

Updated 02 Apr, 2024 08:46am

Pakistan

SC takes suo motu notice of IHC judges’ letter

ISLAMABAD: The Supreme Court has taken suo motu on a letter of the Islamabad High Court (IHC) judges of interference...

Updated 02 Apr, 2024 08:45am

Tariff petition: PPIB for excluding certain projects from Nepra application

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has proposed that pipeline hydropower projects who...

Updated 02 Apr, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from April 2, 2024

Published 02 Apr, 2024 08:44am

BR Research

Inflation still at a tricky spot

The CPI inflation reading is finally lower than the policy rate. The headline number stood at 20.7 percent on...

Published 02 Apr, 2024 08:00am

BR Research

Cement: Retracing steps

Last week, our analysis of the financial statements of 15 cement companies showed that the first half of the fiscal...

Published 02 Apr, 2024 07:30am

BR Research

At-Tahur Limited

At-Tahur Limited (PSX: PREMA) was incorporated in Pakistan as a public limited company in 2007. The company is...

Published 02 Apr, 2024 07:00am

Opinion

Start manufacturing, stop assembling

In the year 1992 on my return from abroad, I wanted to book a Japanese car under ‘transfer of residence’. As I...