News Archives for Latest - 2024-04-09

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Archive - 2024-04-09

Business & Economy

Pakistan’s ‘Nazuk Mor’ is a Harvard Business School case study

You know your country has serious issues when it becomes a case study for potential future leaders and managers. In...

Updated 09 Apr, 2024 11:19pm

Perspectives

A blood-stained Eid in Gaza will be remembered

‘No Eid while Gaza has no Eid’ was chanted in a protest this week in Paterson, New Jersey, a place called Little...

Published 09 Apr, 2024 10:58pm

Pakistan

Army chief hosts iftar-dinner for cricket team

RAWALPINDI: General Syed Asim Munir, NI (M), Chief of Army Staff (COAS) hosted an iftar dinner for Pakistan cricket...

Updated 09 Apr, 2024 10:31pm

Pakistan

Ex-PM Khaqan moves ECP for registration of new political party

ISLAMABAD: Former prime minister and Pakistan Muslim League Nawaz (PML-N) stalwart Shahid Khaqan Abbasi has...

Updated 09 Apr, 2024 10:30pm

Pakistan

Yousuf Raza Gilani elected Senate chairman

PML-N’s Syedal Khan Nasir elected deputy chairman

Updated 09 Apr, 2024 10:13pm

Business & Economy

Inflation woes have taken the shine off Pakistan’s Eid festivities

Mohammad Rizwan, a vendor selling children and women’s clothing off a side street from the main Tariq Road in...

Updated 09 Apr, 2024 10:12pm

Stocks

Record high closing: KSE-100 settles at 70,315 after another 1% gain

Analysts say bullish run comes on account of higher remittances, FO statement on Saudi front, and foreign buying

Updated 09 Apr, 2024 10:09pm

Pakistan

Two terrorists killed in South Waziristan IBO: ISPR

Two terrorists were killed in an intelligence based operation (IBO) in Khyber Pakhtunkhwa’s South Waziristan...

Published 09 Apr, 2024 10:01pm

Pakistan

Eid-ul-Fitr 2024: Shawwal moon sighted in Pakistan, first day of Eid on Wednesday

Chairman Ruet-e-Hilal Committee says decision taken based on testimonies received from different parts of the country

Updated 09 Apr, 2024 09:59pm

MBS stresses India-Pakistan dialogue

ISLAMABAD: Saudi Crown Prince Mohammed bin Salman said dialogue was needed to resolve heightened friction between...

Updated 09 Apr, 2024 09:58pm

From April 29-May 3: US, Pakistan may hold ‘economic dialogue’

ISLAMABAD: The United States of America and Pakistan are likely to hold High Level Economic Dialogue (HLED) from...

Updated 09 Apr, 2024 09:56pm

Commodities

Gold hits another all-time high, crosses Rs247,000 per tola in Pakistan

Gold hit fresh highs in both the local and international markets on Tuesday as the yellow metal advanced with its...

Updated 09 Apr, 2024 09:46pm

Stocks

Oil prices ease slightly, eyes on talks for Gaza ceasefire

HOUSTON: Oil prices dipped for a second straight day on Tuesday, as talks for a ceasefire in Gaza continued, but...

Updated 09 Apr, 2024 09:37pm

Movies & Music

‘Mad Max’ director readies for fifth installment in ‘addictive’ series

LAS VEGAS: Australian director George Miller described his “Mad Max” series as “addictive” on Monday as he prepares...

Published 09 Apr, 2024 09:35pm

Europe

Turkiye imposes export restrictions on Israel until Gaza ceasefire

Measures would apply to the export of products from 54 different categories, including iron, marble, steel, cement, aluminium, brick, fertilizer, construction equipment and products, aviation fuel, and more

Updated 09 Apr, 2024 09:31pm

Sports

Irfan, Usman earn maiden calls as Pakistan announce squad for New Zealand series

Uncapped middle-order batter Muhammad Irfan Khan and opener Usman Khan have been named in the 17-player Pakistan...

Updated 09 Apr, 2024 09:30pm

Middle East

US has no evidence of unfolding genocide in Gaza: Pentagon

WASHINGTON: The United States does not have evidence that Israel is committing genocide in Gaza as it carries out...

Published 09 Apr, 2024 09:26pm

Middle East

Israel says more aid is entering Gaza, but figures disputed

GENEVA/OCCUPIED JERUSALEM: Israel says aid is moving into Gaza more quickly after international pressure to increase...

Published 09 Apr, 2024 09:23pm

Sports

Djokovic dominates to reach Monte Carlo third round

World number one Novak Djokovic made an emphatic start at the Monte Carlo Masters with a 6-1 6-2 win over Russia’s...

Published 09 Apr, 2024 09:14pm

Europe

Zelensky inspects fortifications around Kharkiv amid Russian attacks

KHARKIV: Ukrainian President Volodymyr Zelensky inspected recently dug defensive fortifications in the northeastern...

Published 09 Apr, 2024 09:11pm

Sports

De Minaur sees off Wawrinka after rain delay in Monte Carlo

MONTE CARLO: World no.11 Alex de Minaur made up for lost time at the Monte Carlo Masters with a 62-minute straight...

Published 09 Apr, 2024 08:03pm

Stocks

US stocks mixed as markets await key data

NEW YORK: Wall Street stocks were mixed early Tuesday as investors awaited inflation data that will influence key...

Published 09 Apr, 2024 07:46pm

Sports

Injured Alcaraz withdraws from Monte Carlo Masters

MONTE CARLO: World no.3 Carlos Alcaraz has withdrawn from the Monte Carlo Masters because of an injury to his right...

Published 09 Apr, 2024 07:44pm

Forex

Rupee maintains stability against US dollar ahead of holidays

Currency settles at 277.94 against the greenback in the inter-bank market

Updated 09 Apr, 2024 07:30pm

Europe

West failing to give Ukraine air defences it needs: EU's Borrell

BRUSSELS: Ukraine's Western backers are failing to give Ukraine the air defence systems it desperately needs to...

Updated 09 Apr, 2024 06:03pm

Middle East

Hamas says Israeli proposal fails to meet Palestinian demands but is under review

CAIRO: Hamas said on Tuesday that an Israeli proposal on a ceasefire in its aggression in Gaza met none of the...

Updated 09 Apr, 2024 05:54pm

Sports

Five women cricketers return to Pakistan’s white-ball squads for West Indies series

Five women cricketers have been recalled to the white-ball squads as the National Women’s Selection Committee, led...

Published 09 Apr, 2024 05:43pm

Asia

6.6-magnitude quake hits eastern Indonesia, no tsunami alert: USGS

JAKARTA: A magnitude-6.6 earthquake hit Indonesia’s eastern region on Tuesday, the United States Geological Survey...

Published 09 Apr, 2024 05:41pm

Stocks

Global markets diverge before US inflation, ECB

LONDON: European stocks mainly fell on Tuesday, despite Asian gains, as many investors sat on their hands before...

Updated 09 Apr, 2024 05:38pm

Sports

Dortmund ‘hardest’ team Atletico could face: Simeone

MADRID: Atletico Madrid coach Diego Simeone hailed Champions League quarter-final opponents Borussia Dortmund as the...

Published 09 Apr, 2024 05:24pm

Anti-theft, recovery drive: FIA deputes senior officers at 10 Discos

ISLAMABAD: The Federal Investigation Agency (FIA) has deputed senior officers at 10 power Distribution Companies...

Updated 09 Apr, 2024 05:22pm

Europe

US sent seized Iran weapons, ammo to Ukraine

WASHINGTON: The United States has given Ukraine small arms and ammunition that were seized while being transferred...

Published 09 Apr, 2024 05:20pm

Taxes

Double taxation pact with US: apex court dismisses appeals against SHC, LHC

The Supreme Court of Pakistan has dismissed, “with no order as to costs”, appeals against the High Court of Sindh...

Published 09 Apr, 2024 05:00pm

Forex

Sterling close to 2-week lows versus euro ahead of data, ECB meeting

Sterling was within striking distance of its 2-week low against the euro and slightly higher versus the dollar on...

Published 09 Apr, 2024 04:59pm

Commodities

Malaysian palm oil trades higher on lower inventory outlook

NEW DELHI: Malaysian palm oil futures settled higher on Tuesday, snapping three consecutive sessions of losses,...

Published 09 Apr, 2024 04:49pm

Technology

Microsoft to invest $2.9bn to boost AI business in Japan: Nikkei

TOKYO: Microsoft Corp will invest about $2.9 billion over the next two years to boost its artificial intelligence...

Published 09 Apr, 2024 04:35pm

Movies & Music

Beyonce’s country album tops Billboard chart, her eighth #1

NEW YORK: Beyonce’s blockbuster country album ‘Cowboy Carter’ has debuted atop the Billboard 200 chart – the eighth...

Published 09 Apr, 2024 02:27pm

Stocks

Hong Kong stocks end higher

HONG KONG: Hong Kong stocks finished on a positive note Tuesday as investors readied themselves for the release of...

Published 09 Apr, 2024 02:15pm

Stocks

Australian shares end higher as miners surge; US CPI in focus

Australian shares ended higher on Tuesday, propelled by bellwether miners as iron ore prices surged, even as...

Published 09 Apr, 2024 01:54pm

Stocks

Japan’s Nikkei climbs as chip shares gain, softer yen lifts sentiment

TOKYO: Japan’s Nikkei share average ended higher for a second session on Tuesday as chip-related stocks rose and a...

Published 09 Apr, 2024 01:51pm

Markets

JGB yields mixed on decent demand at auction, monetary policy concerns

TOKYO: Japanese government bond (JGB) yields struggled for direction on Tuesday, as the Bank of Japan’s chief gave...

Published 09 Apr, 2024 01:46pm

Stocks

South Korean shares end lower on caution ahead of elections, US data

KOSPI closed 0.46% lower at 2,705.16

Published 09 Apr, 2024 01:41pm

Commodities

Japan rubber futures end 2% higher on supply concerns, firmer oil prices

SINGAPORE: Japanese rubber futures extended gains to close at a two-week high on Tuesday, supported by supply...

Published 09 Apr, 2024 01:37pm

Forex

Russian rouble firms slightly against the US dollar

MOSCOW: The Russian rouble was slightly stronger against the U.S. dollar on Tuesday. By 0715 GMT, the rouble was...

Published 09 Apr, 2024 01:33pm

MoF, FBR direct officials not to engage with media

ISLAMABAD: The Finance Ministry and the Federal Board of Revenue (FBR) have directed their officials not to engage...

Updated 09 Apr, 2024 01:31pm

Stocks

London stocks fall ahead of key economic data; miners limit losses

British equities opened lower on Tuesday as investors braced for crucial U.S. and UK economic data for new clues on...

Published 09 Apr, 2024 01:29pm

BR Research

Forever an infant: Japanese demand an export ban

The automobile assemblers have a history of protection in Pakistan. The sun is not setting in this import...

Updated 09 Apr, 2024 11:26am

Commodities

Shanghai copper hits all-time high on demand optimism, supply cut prospect

Shanghai copper hit a record high on Tuesday, while prices in London hovered near their highest in 14 months, backed...

Published 09 Apr, 2024 11:07am

Commodities

Gold hovers near record high as market focus turns to US data, Fed minutes

Gold prices rose on Tuesday, hovering near a record peak hit in the previous session, supported by firm central bank...

Published 09 Apr, 2024 11:04am

Currency

China’s yuan eases, market awaits data deluge from home, abroad for guidance

SHANGHAI: China’s yuan inched lower against the dollar on Tuesday, as investors waited on a key U.S. inflation...

Published 09 Apr, 2024 10:51am

Commodities

Malaysian palm oil opens higher on lower inventories

NEW DELHI: Malaysian palm oil futures opened higher on Tuesday, and snapped three consecutive sessions of losses,...

Published 09 Apr, 2024 10:48am

Commodities

Iron ore extends rally on rising hopes of improved demand in China

SINGAPORE/BEIJING: Iron ore futures prices extended gains to a second straight session on Tuesday, underpinned by...

Published 09 Apr, 2024 10:45am

Europe

Russia, China to start dialogue on Eurasian security, Russia’s Lavrov says

Russia and China have agreed to begin a dialogue on security in the Eurasian region, Russian Foreign Minister Sergei...

Published 09 Apr, 2024 10:40am

Forex

Australian dollar holds onto gains, kiwi counts down to RBNZ

SYDNEY: The Australian dollar held overnight gains on Tuesday, helped by higher iron ore prices and carry demand...

Published 09 Apr, 2024 10:38am

Europe

Ukraine says it destroys all 20 drones launched by Russia

Ukraine’s air defence systems destroyed all 20 attack drones that Russia launched targeting Ukraine, Ukrainian Air...

Published 09 Apr, 2024 10:35am

Stocks

India’s blue-chips open at record highs led by financials, IT shares

BENGALURU: India’s benchmark share indexes opened at all-time highs on Tuesday, led by gains in financials and...

Published 09 Apr, 2024 10:32am

Stocks

China stocks edge lower, investors cautious ahead US inflation and China data

SHANGHAI: China stocks edged lower on Tuesday as investors were cautious ahead of a key U.S. inflation report and a...

Published 09 Apr, 2024 10:29am

Currency

Yen feels the heat as US Treasury yields climb

SINGAPORE: The dollar was tentative on Tuesday as it failed to get a meaningful boost from a rise in U.S. Treasury...

Published 09 Apr, 2024 10:22am

SIFC helps FBR collect Rs6.71trn in Jul-Mar FY24

The government is likely to achieve its Rs 9.415 trillion revenue collection target for 2023-24

Updated 09 Apr, 2024 09:50am

Business & Finance

BISP beneficiaries enabled to get funds directly into their accounts

KARACHI: The State Bank of Pakistan (SBP) has decided to directly pay financial assistance into the bank accounts of...

Updated 09 Apr, 2024 09:48am

Business & Finance

March worker remittances record growth of 31pc MoM

KARACHI: Inflows of workers remittance recorded a healthy growth of 31 percent in March 2024 compared to February...

Updated 09 Apr, 2024 09:48am

Chocolate ingredient: 20pc customs duty imposed on import

ISLAMABAD: The Customs classification committee of the Federal Board of Revenue (FBR) has imposed a 20 percent...

Updated 09 Apr, 2024 09:45am

Pakistan, KSA vow to fast-track $5bn Saudi package

ISLAMABAD: Pakistan and Saudi Arabia have affirmed their commitment to expediting the first wave of an investment...

Updated 09 Apr, 2024 08:34am

BR Research

Favoured or just lucky?

When it comes to savings, the public sector loves to stick to their own kind. According to a review of annual...

Published 09 Apr, 2024 08:34am

Business & Finance

Discos’ tariff raised by Rs4.92/unit for Feb

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has increased the Discos’ tariff by Rs4.92 per...

Updated 09 Apr, 2024 08:32am

Pakistan

Pildat assessment: ‘Election 2024 less fair than past two general elections’

ISLAMABAD: The general election 2024 was less fair than the past two general elections as it scored 49 percent in...

Updated 09 Apr, 2024 08:32am

BR’s refresher: your morning briefing for the day

Important updates from April 8, 2024

Published 09 Apr, 2024 08:31am

BR Research

Hallmark Company Limited

Hallmark Company Limited (PSX: HCL) was incorporated in Pakistan as a public limited company in 1981. The company is...

Published 09 Apr, 2024 08:31am

Opinion

Climate change’s impact on cotton production

Climate change poses a serious threat to modern agriculture. Without adopting sustainable farming practices, our...