News Archives for Latest - 2024-04-08

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Archive - 2024-04-08

Pakistan

Policeman martyred, 12 injured in Quetta blast

A policeman was martyred, while 12 individuals were injured in a blast near a mosque situated on Kuchlak Road in...

Published 08 Apr, 2024 10:27pm

Telecommunication

Acquisition of Telenor Pakistan: PTCL says IFC approves $400mn debt financing

The Board of Directors (BoD) of International Finance Corporation (IFC) – a member of the World Bank Group – has...

Updated 08 Apr, 2024 10:33pm

Markets

2023: Pak Suzuki bleeds Rs10.07bn in losses as sales plunge

Pak Suzuki Motor Company (PSMC) sustained massive losses to the tune of Rs10.07 billion in 2023 due to a steep...

Updated 08 Apr, 2024 10:33pm

Pakistan

‘Panama Papers’ trial to begin eight years after tax scandal

PANAMA CITY: Twenty-seven people are set to go on trial on Monday for money laundering in connection with the...

Updated 08 Apr, 2024 10:31pm

World

Israel's Netanyahu says 'there is a date' for Rafah invasion

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said Monday that a date has been set for an offensive in the...

Published 08 Apr, 2024 10:08pm

Europe

Lithuania opens investigation after Russian embassy vandalised

VILNIUS: Lithuania has opened an investigation after Russia's embassy in Vilnius was vandalised two nights running,...

Published 08 Apr, 2024 10:25pm

Middle East

Eid-ul-Fitr 2024: Crescent moon not sighted in Saudi Arabia and UAE, first Shawwal on Wednesday

Saudi Arabia and the United Arab Emirates (UAE) have declared Wednesday, April 10, as the first day of Eid-ul-Fitr...

Updated 08 Apr, 2024 10:16pm

Pakistan

Saudi crown prince accepts PM Shehbaz's invitation to visit Pakistan, Islamabad says

Both parties affirm commitment to expedite first wave of investment package worth $5bn discussed previously

Updated 08 Apr, 2024 10:11pm

Markets

Pakistan’s remittances jump to $3bn in March, up 31.3% MoM

On year-on-year basis, inflow increases 16.4%

Updated 08 Apr, 2024 10:09pm

Stocks

Record high: bulls push KSE-100 beyond 69,500 with 1,203-point gain

Led by energy sector, the benchmark index gains 1.8% on Monday

Updated 08 Apr, 2024 09:58pm

USA

Totality insanity: North America gears up for solar eclipse

INGRAM: Eclipse mania was gripping North America on Monday as a breathtaking celestial event offered a rare...

Published 08 Apr, 2024 09:44pm

Forex

Rupee largely stable against US dollar

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

Updated 08 Apr, 2024 09:36pm

Movies & Music

‘Top Gun: Maverick’ lawsuit rejected by US judge

Paramount Pictures has won the dismissal of a lawsuit claiming its 2022 Tom Cruise blockbuster ‘Top Gun: Maverick’...

Published 08 Apr, 2024 09:12pm

USA

Biden unveils student debt plans to woo young voters

WASHINGTON: US President Joe Biden was unveiling new plans Monday to reduce student loan debt for millions of...

Published 08 Apr, 2024 09:00pm

Commodities

Gold extends record rally, gains Rs600 per tola in Pakistan

Gold continued its merry run on Monday as the yellow metal gained further in the international market. In Pakistan,...

Updated 08 Apr, 2024 08:50pm

Business & Finance

CCP to analyse Pakistan’s insurance sector under IMF’s PIMA framework

The Competition Commission of Pakistan (CCP) has initiated a comprehensive competition assessment of the insurance...

Published 08 Apr, 2024 08:32pm

Energy

Oil steadies after dip on Middle East ceasefire talks

LONDON: Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel...

Updated 08 Apr, 2024 08:32pm

Commodities

Qatar leads Gulf markets higher before Eid break, Kuwait extends loss

Stock markets in the Gulf closed higher on Monday, led by the Qatar index ahead of the Eid al-Fitr holidays,...

Published 08 Apr, 2024 08:17pm

Middle East

Right time to do a hostage deal, says Israel’s defence minister

OCCUPIED JERUSALEM: Israel’s Defence Minister Yoav Gallant said Monday it is the right time to do a hostage deal...

Published 08 Apr, 2024 08:04pm

Stocks

US stocks flat ahead of inflation data, bank results

NEW YORK: Wall Street stocks treaded water early Monday to open a week that includes key readings on inflation and...

Published 08 Apr, 2024 07:23pm

Asia

US ‘will not accept’ flood of below-cost Chinese goods: Yellen

BEIJING: The United States “will not accept” a situation where underpriced Chinese goods flood the global market,...

Published 08 Apr, 2024 07:21pm

Sports

Madrid ‘lacked courage’ against City, says Ancelotti before rematch

MADRID: Real Madrid coach Carlo Ancelotti said Monday his team played without courage or personality when Manchester...

Published 08 Apr, 2024 06:45pm

Sports

Man Utd’s Mainoo says Liverpool draw leaves ‘bad taste’

MANCHESTER: Kobbie Mainoo says Manchester United need to learn how to “see out games” after they were held to a...

Published 08 Apr, 2024 06:42pm

Europe

Kyiv, Moscow trade accusations of Zaporizhzhia nuclear plant attacks

MOSCOW: Russia on Monday accused Ukraine of attacking the Zaporizhzhia nuclear power station with a drone for the...

Published 08 Apr, 2024 06:18pm

Stocks

Reliance, auto stocks boost India’s Nifty, Sensex to record highs

BENGALURU: India’s blue-chip indexes climbed to all-time highs on Monday, led by a rebound in heavyweight Reliance...

Published 08 Apr, 2024 05:04pm

Arts

Pakistan’s delicate Eid bangles go from furnace to forearms

HYDERABAD CITY: Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a...

Updated 08 Apr, 2024 05:04pm

Stocks

Sri Lanka shares end higher as financials, consumer staples rise

CSE All-Share index settled 1.06% higher at 11,920

Published 08 Apr, 2024 04:57pm

Pakistan

Sindh govt announces Eid-ul-Fitr holidays

Sindh government has notified holidays for Eid-ul-Fitar 2024, following the footsteps of the federal government that...

Published 08 Apr, 2024 04:55pm

Sports

Babar terms Kakul training camp highly beneficial

LAHORE: Terming the pre-season camp in Kakul as highly successful, Pakistan captain Babar Azam said that this camp...

Updated 08 Apr, 2024 04:51pm

Markets

OGDCL discovers tight gas reserves in Sindh

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has...

Updated 08 Apr, 2024 04:50pm

Commodities

Copper hits 14-month high with support from momentum funds

LONDON: Copper prices in London hit their highest in more than 14 months on Monday, helped by demand from...

Published 08 Apr, 2024 04:49pm

Commodities

Palm extends decline on profit booking amid soyoil weakness

MUMBAI/NEW DELHI: Malaysian palm oil futures fell for the third straight session on Monday after hitting a one-year...

Published 08 Apr, 2024 04:45pm

Movies & Music

‘Godzilla x Kong’ dominates North American box office for a second week

LOS ANGELES: ‘Godzilla x Kong’ extended its monstrous reign over the North American box office for a second weekend,...

Published 08 Apr, 2024 04:21pm

Arts

With preparations in full swing, here are a few places to check out before Eid

With Eid around the corner, the scramble for shopping, gifts and festive preparations are in full swing. Plenty...

Updated 08 Apr, 2024 02:52pm

Technology

Alibaba Cloud announces price cut on products powered by offshore data centers

HONG KONG: China’s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore...

Published 08 Apr, 2024 02:13pm

Stocks

London stocks start week with caution as key economic data looms

British equities started the week on a cautious note, as investors braced for crucial US and UK economic data, while...

Published 08 Apr, 2024 02:09pm

Forex

Asian currencies tepid as traders brace for central bank meetings

Most Asian currencies were on the back foot on Monday, ahead of a week laden with central bank meetings, after a...

Published 08 Apr, 2024 02:02pm

Middle East

Israel kills Hezbollah field commander in Lebanon, UN urges halt to fighting

BEIRUT: An Israeli strike on southern Lebanon early on Monday killed a field commander in the heavily-armed Lebanese...

Published 08 Apr, 2024 01:48pm

Forex

South African rand firms after foreign reserves data

JOHANNESBURG: South Africa’s rand firmed in early trade on Monday, after central bank data showed that foreign...

Published 08 Apr, 2024 01:45pm

Commodities

India’s 2024 wheat output at 105mn metric tons, says flour millers’ body

NEW DELHI: India’s wheat output is seen at 105 million metric tons in 2024, a flour millers’ body said on Monday....

Published 08 Apr, 2024 01:43pm

Middle East

No progress made at Cairo ceasefire talks, says Hamas official

CAIRO: A Hamas official told Reuters on Monday that no progress was made at a new round of Gaza ceasefire talks in...

Updated 08 Apr, 2024 01:42pm

Stocks

European equities waver at open

LONDON: Europe’s main stock markets wavered at the open on Monday after sinking before the weekend on simmering...

Published 08 Apr, 2024 01:35pm

Europe

Russia says over 10,000 residential houses flooded across Urals, Siberia

MOSCOW: Russia said Monday that more than 10,000 residential buildings were flooded across the Urals, Volga area and...

Published 08 Apr, 2024 01:34pm

Asia

US, China to hold more financial shock exercises, Treasury officials say

BEIJING: The US and China are deepening cooperation on financial stability issues, US Treasury officials said, with...

Published 08 Apr, 2024 01:27pm

Africa

Over 90 dead as Mozambique ferry sinks off northern coast, BBC says

More than 90 people died after a ferry sank off the north coast of Mozambique, the BBC said, citing domestic...

Published 08 Apr, 2024 01:23pm

Stocks

South Korean shares gain as automaker rally outpaces battery losses

SEOUL: Round-up of South Korean financial markets: South Korean stocks gain on US Fed comments South Korean shares...

Published 08 Apr, 2024 01:21pm

Companies

Australia’s Qantas Airways expands frequent flyer loyalty programme

Qantas Airways expanded its frequent flyer programme on Monday, offering access to 20 million more reward seats that...

Published 08 Apr, 2024 01:20pm

Business & Finance

BNP Paribas appoints Aymar de Liedekerke Beaufort as Asia Pacific global banking head

SINGAPORE: BNP Paribas, the euro zone’s largest bank, has appointed Aymar de Liedekerke Beaufort as its global...

Published 08 Apr, 2024 01:19pm

Commodities

Palm opens lower on soft soyoil prices, inventory data in focus

NEW DELHI: Malaysian palm oil futures opened higher on Monday, reflecting losses in rival soyoil even as market...

Published 08 Apr, 2024 12:54pm

Mutual Funds

Indian bond yields may inch higher as Treasury yields jump

MUMBAI: Indian government bond yields are expected to rise on Monday as yields of US peers jumped sharply after...

Published 08 Apr, 2024 12:48pm

Commodities

London copper weighed down by Fed rate cut uncertainty; Shanghai copper hits record high

BEIJING: London copper prices fell on Monday as the prospect of fewer-than-expected interest rate cuts by the US...

Published 08 Apr, 2024 12:39pm

Forex

Indian rupee inches higher, forward premiums slip as Fed rate cut bets recede

MUMBAI: The Indian rupee gained in early trading on Monday, continuing its upside momentum from the previous...

Published 08 Apr, 2024 12:30pm

Business & Finance

Malaysia’s Feb industrial production up 3.1%, above forecast

KUALA LUMPUR: Malaysia’s industrial production in February rose 3.1% from a year earlier, exceeding market...

Published 08 Apr, 2024 12:29pm

Forex

China’s yuan weakens slightly against strong dollar

SHANGHAI: China’s yuan weakened slightly on Monday against a firm dollar as investors weighed when the US Federal...

Published 08 Apr, 2024 12:20pm

Sports

Nelly Korda wins LPGA match play to seal awesome foursome

LOS ANGELES: World number one Nelly Korda sealed her fourth consecutive tournament victory on Sunday, producing a...

Published 08 Apr, 2024 12:11pm

Sports

Man City’s Mr. Reliable Rodri stands in Real Madrid’s way

MANCHESTER: If Real Madrid are to exact revenge on Manchester City in the Champions League quarter-finals, they will...

Published 08 Apr, 2024 11:50am

Europe

Russia launches 24 attack drones overnight, Ukraine says

Russia launched two dozen attack drones on Ukraine overnight, targeting chiefly critical infrastructure in the...

Published 08 Apr, 2024 11:39am

Bullion Rate

Gold extends record rally amid speculative buying, geopolitical tensions

Gold prices extended their record rally on Monday, supported by speculative buying and continued tensions in the...

Published 08 Apr, 2024 11:32am

Stocks

India’s Nifty 50 set to test record highs despite dampened US rate cut hopes

BENGALURU: Indian shares were set to open higher on Monday, looking to build on their record highs as the corporate...

Published 08 Apr, 2024 11:28am

Asia

Top Russia diplomat arrives in China for official visit: ministry

BEIJING: Russian Foreign Minister Sergei Lavrov arrived in China for an official visit on Monday, his ministry said,...

Published 08 Apr, 2024 11:24am

Business & Finance

ECB tipped to pause one last time before June rate cut

FRANKFURT: Buoyed by falling inflation, the European Central Bank is expected to keep borrowing costs on hold one...

Published 08 Apr, 2024 11:22am

Stocks

Tokyo stocks open higher

TOKYO: Tokyo stocks opened higher on Monday as investors took heart from Wall Street rallies on strong jobs data....

Published 08 Apr, 2024 11:20am

Sports

Same but different as Bayern’s Kane returns to north London

MUNICH: Bayern Munich striker Harry Kane returns to north London to face old foes Arsenal in Tuesday’s Champions...

Published 08 Apr, 2024 11:18am

Asia

Malaysian state converts Ramadan food waste into fertiliser

KUANTAN: After breaking their Ramadan fast outside a mosque in Malaysia, people throw their leftovers into a machine...

Published 08 Apr, 2024 11:14am

South Asia

Muslims face dwindling representation in Modi’s India

RAMPUR: More than half the voters in the Indian city of Rampur are Muslim, but its member of parliament is a staunch...

Published 08 Apr, 2024 11:01am

Europe

Germany faces Gaza genocide case at top UN court

THE HAGUE: Germany faces charges from Nicaragua at the top UN court on Monday that it is “facilitating the...

Published 08 Apr, 2024 10:53am

Stocks

Asian markets mixed as traders weigh rates outlook

HONG KONG: Asian markets fluctuated Monday as traders weighed the chances of the Federal Reserve cutting interest...

Published 08 Apr, 2024 10:50am

Stocks

Hong Kong stocks open with losses

HONG KONG: Hong Kong stocks opened slightly lower Monday morning after strong US jobs data dealt another blow to...

Published 08 Apr, 2024 10:47am

Life & Style

In Nashville, preserving a Black neighborhood’s music legacy

NASHVILLE: Country music capital Nashville was once also a hotbed of blues, rock and jazz, thanks to a historically...

Published 08 Apr, 2024 10:33am

Asia

Climate-warming gases being smuggled into Europe, investigation says

SINGAPORE: Large amounts of climate-warming refrigerant gases from China and Turkiye are being smuggled illegally...

Published 08 Apr, 2024 10:25am

Business & Finance

Japan Feb current account surplus rises, misses estimates

TOKYO: Japan’s current account extended its surplus to a 13th straight month in February, Ministry of Finance data...

Published 08 Apr, 2024 10:18am

Asia

China says US, Europe accusations of ‘overcapacity’ are groundless

BEIJING: China’s electric vehicle companies do not rely on subsidies to gain a competitive advantage, Commerce...

Published 08 Apr, 2024 10:14am

Commodities

Corn drops for second session on US weather; wheat eases after rally

SINGAPORE: Chicago corn prices extended losses on Monday as expectations of improved US planting weather weighed on...

Published 08 Apr, 2024 10:06am

Business & Finance

BOJ’s Ueda says his goal was to achieve simpler policy framework

TOKYO: Bank of Japan Governor Kazuo Ueda said on Monday that making the central bank’s monetary policy framework...

Published 08 Apr, 2024 10:00am

Business & Finance

Conversion to Thar coal: KE seeks NDA with JPCL

ISLAMABAD: K-Electric (KE) has proposed execution of a Non-Disclosure Agreement (NDA) with Jamshoro Power Company...

Updated 08 Apr, 2024 09:57am

Govt asks PPRA to ‘overhaul’ its rules

ISLAMABAD: The federal government has directed the Public Procurement Regulatory Authority (PPRA) to overhaul its...

Updated 08 Apr, 2024 09:56am

Business & Finance

Tajir Dost Scheme: PTBA moves finance minister

ISLAMABAD: Pakistan Tax Bar Association (PTBA) has strongly recommended the Finance Minister Muhammad Aurangzeb to...

Updated 08 Apr, 2024 09:55am

‘Forced’ export of cars: Japan threatens to move WTO

ISLAMABAD: In a surprise move, Japanese government threatened Pakistan to take the case for forcing its three car...

Updated 08 Apr, 2024 09:55am

IMF mission to determine size, duration of new loan

ISLAMABAD: The size and duration of a new International Monetary Fund (IMF) loan programme will be determined by the...

Updated 08 Apr, 2024 09:54am

IP gas pipeline project: Work begins ahead of Iran president’s visit

Iranian President Ebrahim Raisi expected to visit Pakistan on April 22

Updated 08 Apr, 2024 09:54am

Stocks

Financials lead gains on the Australian bourse

Australian shares rose on Monday with financial stocks leading gains, likely tracking Wall Street as strong US jobs...

Published 08 Apr, 2024 09:43am

Energy

Light wind in dollar’s sails after bumper US payrolls

SINGAPORE: The dollar was firm but sluggish in Asian trading on Monday as investors looked ahead to US inflation...

Published 08 Apr, 2024 09:41am

FBR finalises draft Tax Law (First Amendment) Ord

ISLAMABAD: The Tax Law (First Amendment) Ordinance 2024 has proposed that the appeals filed before the Appellate...

Updated 08 Apr, 2024 08:38am

Pakistan

Shangla suicide attack: Vehicle transporting Chinese lacked bullet-proof, bomb-resistant features?

ISLAMABAD: A recent police report concerning the tragic suicide attack in Bisham city, Shangla, has unveiled that...

Updated 08 Apr, 2024 08:38am

‘National Space Activities Rules 2024’ notified

ISLAMABAD: The government has notified ‘National Space Activities Rules 2024’, applicable to space activities...

Updated 08 Apr, 2024 08:35am

Pakistan

Body formed to review climate change governance, funds

ISLAMABAD: The Prime Minister has constituted a high-level committee to review Climate Change Governance and...

Updated 08 Apr, 2024 08:35am

Pakistan

MBS hosts Iftar for PM

KARACHI: Prime Minister Shehbaz Sharif, who is on a three-day visit to Saudi Arabia, on Sunday attended Iftar hosted...

Updated 08 Apr, 2024 08:34am

BR’s refresher: your morning briefing for the day

Important updates from April 6 and April 7, 2024

Published 08 Apr, 2024 08:33am

BR Research

Circular debt mystery: What is the real number?

If it had not been for the World Bank Pakistan Development Update, the common folk would have continued guessing the...

Published 08 Apr, 2024 08:00am

BR Research

OMCs sales and smuggling

As per Pakistan Oil Report 2022-23 by OCAC, the petroleum product consumption in FY23 fell by 25 percent - after...

Published 08 Apr, 2024 07:45am

BR Research

Interview with Samir Mustapha Chinoy, Chief Operating Officer, International Steels Limited (ISL)

“We have a start-up mentality”, Despite its potential, steel production and development in Pakistan has stalled many...

Published 08 Apr, 2024 07:30am

World

China conducts ‘combat patrols’ as US holds drills with allies in disputed waters

BEIJING: China conducted “combat patrols” Sunday in the South China Sea, its army said, the same day the...