News Archives for Latest - 2024-04-17

Opinion

Ending hopium—I

Is it time to implement manifestos, return to the drawing board under the shadow of a national government, maintain...

Updated 18 Apr, 2024 09:23pm

Industry

Pakistan car sales drop 3% MoM in March

Pakistan car sales in March totaled 9,379 units, reflecting 3% decrease compared to the previous month and 1%...

Updated 18 Apr, 2024 03:57pm

Mutual Funds

Equity trading: SECP files criminal complaint against 2 individuals on charges of front-running

The Securities & Exchange Commission of Pakistan (SECP) has filed a criminal complaint against two individuals...

Updated 18 Apr, 2024 09:22am

Energy

Oil falls nearly 3% as demand worries outweigh Middle East supply risks

Brent futures for June were down $2.44, or 2.7%, to $87.58 a barrel

Updated 17 Apr, 2024 10:47pm

Europe

Macron says EU has ‘duty’ to expand Iran sanctions

BRUSSELS: French President Emmanuel Macron said Wednesday the EU and its Western allies must expand sanctions on...

Published 17 Apr, 2024 10:31pm

World

Lebanon’s Hezbollah targets Israel base, wounding 14 soldiers

BEIRUT: Lebanon’s Hezbollah group said it attacked an Israeli army base near the border on Wednesday, with the...

Published 17 Apr, 2024 10:26pm

Markets

Ali Rathore set to take charge as CEO Engro Fertilizers Limited

The Board of Directors of Engro Fertilizers Limited (EFERT) has approved the appointment of Ali Rathore as the...

Updated 17 Apr, 2024 10:14pm

Pakistan

Sindh High Court orders Pakistan government to restore X in one week: lawyer

KARACHI: The Sindh High Court said on Wednesday the government must restore social media platform X within one week,...

Updated 17 Apr, 2024 10:14pm

Pakistan

Seven terrorists killed as security forces foil infiltration bid from Afghanistan

Military’s media wing says interim Afghan government is expected to fulfill its obligations and deny the use of its soil by terrorists against Pakistan

Published 17 Apr, 2024 09:23pm

Business & Economy

US urges Pakistan to prioritise, expand economic reforms

State Dept spokesman says support for Pakistan's economic success is unwavering, and we will continue to engage with Pakistan through technical agreements

Updated 17 Apr, 2024 09:01pm

Commodities

Record high: gold continues to shine, reaches Rs251,900 per tola in Pakistan

Gold continued its merry run on Wednesday, crossing Rs250,000 per tola mark for the first time in Pakistan as a...

Updated 17 Apr, 2024 09:00pm

Middle East

Hamas leader Haniyeh to visit Turkiye this weekend: Erdogan

ISTANBUL: Turkish President Recep Tayyip Erodgan said Wednesday he will host the leader of Palestinian group Hamas,...

Updated 17 Apr, 2024 08:40pm

Sports

Ruud beats Muller to reach Barcelona Open third round

BARCELONA: Norway’s three-time Grand Slam finalist Casper Ruud came out on top in an entertaining 6-3, 6-4 match...

Published 17 Apr, 2024 07:59pm

Stocks

S&P 500 rises after three down sessions

NEW YORK: The S&P 500 rose early Wednesday as it digested mixed earnings reports while monitoring ongoing...

Published 17 Apr, 2024 07:54pm

Sports

Osaka beaten in first round in Rouen on clay return

PARIS: Four-time Grand Slam champion Naomi Osaka was knocked out of the first round of the WTA event in Rouen on...

Published 17 Apr, 2024 07:49pm

Sports

Brazil football legend Romario announces come-back at 58

RIO DE JANEIRO: At 58, Brazilian football legend Romario has quite a resume: World Cup winner, senator, president of...

Published 17 Apr, 2024 07:45pm

Currency

Rupee again sees marginal decline against US dollar

Currency settles at 278.40 against the greenback in inter-bank market

Updated 17 Apr, 2024 07:18pm

South Asia

Just not cricket: Indian politicians bat for power

NEW DELHI: Cricket is more than just a game in India: critics accuse ruling-party politicians and the sport’s...

Published 17 Apr, 2024 07:08pm

Pakistan

PDMA issues flood alert due to melting of glaciers in KP

The Provincial Disaster Management Authority (PDMA) on Wednesday issued a flood alert due to the melting of glaciers...

Published 17 Apr, 2024 06:48pm

Movies & Music

Alia Bhatt, Motaz Azaiza, Ajay Banga among those named TIME100 ‘Most Influential People’

Bollywood actor Alia Bhatt, Palestinian photographer Motaz Azaiza and World Bank President Ajay Banga were among...

Published 17 Apr, 2024 06:44pm

South Asia

70 killed as Afghanistan hit by heavy rains

KABUL: Around 70 people have been killed by heavy rains lashing Afghanistan over the past five days, the...

Published 17 Apr, 2024 06:29pm

Pakistan

KP govt releases Rs50mn for families of rain victims

The Khyber Pakhtunkhwa (KP) government has released Rs50 million to the Provincial Disaster Management Authority...

Published 17 Apr, 2024 06:25pm

Europe

EU chief demands ‘European awakening’ on defence

BRUSSELS: EU chief Ursula von der Leyen on Wednesday said Europe must take the “next leap forward” on defence as it...

Published 17 Apr, 2024 06:25pm

Asia

China, EU trade tensions risk a full trade war, European Chamber president warns

GUANGZHOU: China and Europe face a “slow motion train accident” as a rising tide of protectionism threatens to...

Published 17 Apr, 2024 06:22pm

Europe

Ukraine says Russia steps up illegal use of tear gas to clear trenches

KYIV/DONETSK REGION: The Ukrainian infantryman, call sign “Ray”, said he quickly pulled on his gas mask after a...

Published 17 Apr, 2024 06:17pm

Pakistan

Thunderstorm, rain expected in Karachi from today

PMD says a westerly wave is affecting Balochistan which will impact several areas in Sindh

Updated 17 Apr, 2024 06:15pm

Money & Banking

Dhaka-based Bank Asia looks to acquire Bank Alfalah Bangladesh

In PSX notice, Bank Alfalah says it will now seek SBP approval for Bank Asia to commence due diligence on its Bangladesh entity

Updated 17 Apr, 2024 06:14pm

Stocks

KSE-100 ends lower as investors book profits

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower by 150 points on Wednesday, as investors...

Published 17 Apr, 2024 06:02pm

Pakistan

No compromise on security of Chinese workers in Pakistan: PM Shehbaz

Prime Minister Shehbaz Sharif on Wednesday assured that the government would make no compromise on the security of...

Published 17 Apr, 2024 06:04pm

Life & Style

Meghan Markle reveals first product from lifestyle brand

Meghan Markle has launched the first product from her new lifestyle brand, American Riviera Orchard, sending...

Published 17 Apr, 2024 06:02pm

Business & Economy

World Bank, Pakistan agree on need for 10-year rolling country framework plan: Finance Division

Aurangzeb also shares reform agenda during meeting with World Bank chief

Updated 17 Apr, 2024 05:56pm

Cotton & Textile

Letter to finance minister: APTMA calls for ‘export-centric’ policies

The All Pakistan Textile Mills Association (APTMA) has called for an “export-centric” programme, stressing that high...

Updated 17 Apr, 2024 05:48pm

Stocks

European stock markets rebound after heavy losses

LONDON: European stock markets rebounded Wednesday after heavy losses the previous session, as traders tracked...

Published 17 Apr, 2024 05:22pm

Perspectives

What’s in store as India prepares for Lok-Sabha elections 2024

India is about to hold the world’s biggest election: 970 million voters will cast their ballots over seven phases of...

Published 17 Apr, 2024 05:16pm

South Asia

Elon Musk likely to unveil $2-$3bn India investment during visit, sources say

NEW DELHI: Tesla chief Elon Musk is set to announce an investment in India of $2-$3 billion, mainly for building a...

Published 17 Apr, 2024 04:55pm

Commodities

Palm oil extends losing streak to end at lowest in six weeks

BEIJING: Malaysian palm oil futures closed lower on Wednesday for a fourth straight session, slipping to their...

Published 17 Apr, 2024 04:47pm

Energy

Saudi’s Feb crude exports edge up to 6.317mn bpd

Saudi Arabia’s crude oil exports in February edged up to 6.317 million barrels per day (bpd) from 6.297 million bpd...

Published 17 Apr, 2024 04:45pm

Luxury

Bark Air set for launch, will offer $8,000 flights for dogs

Airline catering exclusively to canine comfort set to take-off in May

Published 17 Apr, 2024 04:39pm

Movies & Music

Thousands of Taylor Swift fans hit by UK ticket scams: Lloyds

LONDON: Thousands of fans of pop megastar Taylor Swift have been hit by a wave of concert ticket scams ahead of her...

Published 17 Apr, 2024 04:19pm

Forex

Kenyan shilling slips on FX demand from fuel importers and manufacturers

The Kenyan shilling weakened on Wednesday on dollar demand from fuel importers and manufacturers, traders said. At...

Published 17 Apr, 2024 03:48pm

Perspectives

Global events and effects on Pakistan’s inflation

When the Muslim world was celebrating Eid, global capital markets were shaken, and aftershocks expected. Although...

Published 17 Apr, 2024 03:45pm

Sports

Barca find pride despite another Champions League collapse

BARCELONA: Barcelona woke up with a familiar sinking feeling on Wednesday, another Champions League hangover, after...

Published 17 Apr, 2024 03:44pm

Europe

UK’s David Cameron urges G7 to impose new sanctions on Iran

LONDON: British Foreign Secretary David Cameron urged the G7 Wednesday to adopt new “coordinated sanctions” against...

Published 17 Apr, 2024 03:40pm

Sports

Relegated Rotherham ‘part company’ with manager Richardson

LONDON: Rotherham have ‘parted company’ with manager Leam Richardson by mutual consent after just five months in...

Published 17 Apr, 2024 03:36pm

Middle East

Qatar says Gaza ceasefire talks at ‘delicate phase’

DUBAI: Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani said on Wednesday talks...

Updated 17 Apr, 2024 03:31pm

Middle East

33,899 Palestinians killed in Israel’s Gaza offensive since Oct. 7, health ministry says

DUBAI: Israel’s military aggression in the Gaza Strip has killed at least 33,899 Palestinians and wounded 76,664...

Updated 17 Apr, 2024 03:19pm

Pakistan

Toshakhana vehicle reference: NAB clears Nawaz Sharif

The National Accountability Bureau (NAB) gave on Wednesday a cleanchit to former prime minister Nawaz Sharif in the...

Updated 17 Apr, 2024 02:46pm

Money & Banking

Higher gains on securities: UBL’s profit up 12% during Jan-March

United Bank Limited (UBL), one of the country’s largest commercial banks, posted consolidated earnings of Rs16.14...

Updated 17 Apr, 2024 02:41pm

Companies

Another Dubai IPO: Spinneys’ public float ‘could help bring other IPOs to fruition’

Spinneys, an operator of 75 grocery retail supermarkets in the UAE and Oman, announced plans to proceed with an...

Updated 17 Apr, 2024 02:36pm

Europe

Ukraine’s Zelenskiy appeals for support after Russian strike on city of Chernihiv kills at least 10

KYIV: Ukrainian President Volodymyr Zelenskiy called for sufficient determination and support from Western partners...

Published 17 Apr, 2024 02:27pm

Middle East

Crew of ship seized by Iran are safe, operator MSC says

The 25 crew members of the MSC Aries, which was seized by Iran on April 13, are safe, shipping firm MSC said on...

Published 17 Apr, 2024 02:21pm

Stocks

China stocks jump as regulator clarifies concerns over delisting rules

HONG KONG: China stocks jumped on Wednesday, with Shanghai Composite index marking the biggest daily gain in 10...

Published 17 Apr, 2024 02:16pm

Stocks

London stocks gain as miners shine, inflation slows its fall

British stocks climbed on Wednesday, underpinned by industrial metal miners, while the pound strengthened after a...

Published 17 Apr, 2024 02:13pm

Arts

‘Titanic’ task of finding plundered African art in French museums

PARIS: With tens of thousands of African artworks in French museums, curators face a huge task in trying to identify...

Published 17 Apr, 2024 01:59pm

Middle East

Dubai reels from floods chaos after record rains

DUBAI: Dubai’s giant highways were clogged by flooding and airport passengers were urged to stay away on Wednesday...

Published 17 Apr, 2024 01:17pm

Stocks

Hong Kong shares open with a small loss

HONG KONG: Hong Kong stocks opened slightly lower on Wednesday after US Federal Reserve boss Jerome Powell warned...

Published 17 Apr, 2024 01:12pm

Life & Style

Clark Kent lookalike turns accidental superhero in Brazil

RIO DE JANEIRO: Leonardo Muylaert was just another mild-mannered professional on vacation with his girlfriend when...

Published 17 Apr, 2024 01:08pm

South Asia

Gandhi to Stalin: India’s disparate opposition

NEW DELHI: India’s opposition faces huge challenges as their loose coalition of more than two dozen parties take on...

Published 17 Apr, 2024 12:51pm

Sports

China GP back after five years with contentious sprint as Zhou fulfils dream

SHANGHAI: Formula One returns to China for the first time in five years this week with a packed programme including...

Published 17 Apr, 2024 12:29pm

USA

Security Council to vote Thursday on Palestinian state UN membership

UNITED NATIONS: The United Nations Security Council will vote Thursday on the Palestinians’ application to become a...

Published 17 Apr, 2024 12:22pm

South Asia

X blocks India election posts after takedown orders

NEW DELHI: Social media platform X has blocked several posts in India containing political speech after authorities...

Published 17 Apr, 2024 12:11pm

Europe

Croatia votes after bitter PM-president fight

ZAGREB: Croatia began voting in a parliamentary election on Wednesday after a bitter campaign between a prime...

Published 17 Apr, 2024 12:07pm

Life & Style

Wine growers ‘on tip of Africa’ race to adapt to climate change

STELLENBOSCH: At a South African wine farm, dry, uprooted grapevines are stacked at the bottom of a hilly stretch of...

Published 17 Apr, 2024 12:02pm

Europe

French far right gets youthful vibe with 28-year-old leader

ROYAN: France’s far-right National Rally is banking on its youthful and charismatic party leader to be a major asset...

Published 17 Apr, 2024 11:47am

Stocks

Asian shares mixed as Fed’s Powell rethinks rate cuts, yields jump

SYDNEY: Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US...

Published 17 Apr, 2024 11:39am

Sports

Australia have trust in France over Paris Games security

SYDNEY: Australia’s Chef de Mission Anna Meares said on Wednesday that while security was the first subject athletes...

Published 17 Apr, 2024 11:36am

Technology

Microsoft CEO to visit Indonesia end-April, says minister

JAKARTA: The CEO of Microsoft Satya Nadella will visit Indonesia at the end of April to discuss possible...

Published 17 Apr, 2024 11:32am

Business & Finance

RBNZ sectoral factor inflation model up 4.3% year on year in Q1

WELLINGTON: The Reserve Bank of New Zealand (RBNZ) said on Wednesday that its sectoral factor model of core...

Published 17 Apr, 2024 11:28am

Commodities

Soybeans hover near 4-year lows as firmer dollar blunts US competitiveness

CANBERRA: Chicago soybean futures on Wednesday hovered above four-year lows as a strengthening dollar made US...

Published 17 Apr, 2024 11:26am

Technology

China’s BYD unveils three new models for its off-road Fangchengbao lineup

SHANGHAI: BYD has unveiled three new models, including two concept cars, under its premium brand Fangchengbao as the...

Published 17 Apr, 2024 11:23am

Commodities

Palm oil falls for fourth session to hit six-week low

KUALA LUMPUR: Malaysian palm oil futures fell for a fourth straight session on Wednesday to hit their lowest in six...

Published 17 Apr, 2024 11:21am

Business & Finance

Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say

HONG KONG: Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals...

Published 17 Apr, 2024 11:18am

Middle East

US and allies plan more Iran sanctions; Israel war cabinet to meet again

WASHINGTON/OCCUPIED JERUSALEM: The US and its allies planned fresh sanctions against Iran over its unprecedented...

Published 17 Apr, 2024 11:11am

Technology

Apple CEO says looking into possibility of building manufacturing facility in Indonesia

JAKARTA: Apple Inc will look into the possibility of building a manufacturing facility in Indonesia, its CEO said on...

Published 17 Apr, 2024 10:48am

Asia

Hundreds evacuated after Indonesia’s Ruang volcano erupts

JAKARTA: At least 800 people in Indonesia’s North Sulawesi province have been evacuated after multiple eruptions of...

Published 17 Apr, 2024 10:46am

Business & Finance

Indonesia’s plunging rupiah twists the policy plot

SINGAPORE/JAKARTA: Indonesia’s economy was primed for monetary easing later this year, but an unwelcome plunge in...

Published 17 Apr, 2024 10:35am

Bullion Rate

Gold steady as geopolitical woes counter firmer dollar, yields

Gold prices were steady on Wednesday after rallying to record highs last week, as safe-haven demand fuelled by...

Published 17 Apr, 2024 10:31am

Forex

Australia, NZ dollars back from brink as kiwi inflation confirms stickiness

SYDNEY: The New Zealand dollar climbed from five-month lows on Wednesday as still sticky domestic inflation forced...

Published 17 Apr, 2024 10:29am

Forex

China’s yuan eases as Powell comments lift dollar

HONG KONG: China’s yuan traded lower against dollar on Wednesday after comments by US Federal Reserve Chair Jerome...

Published 17 Apr, 2024 10:25am

Technology

Telegram platform to hit 1bn users within year, founder says

The Telegram messaging app, one of the most popular social media platforms in Ukraine and Russia, will likely cross...

Published 17 Apr, 2024 10:23am

Middle East

Dubai International Airport says it is experiencing significant disruption due to bad weather

DUBAI: Dubai International Airport (DXB) said on Wednesday that it was experiencing significant disruption due to...

Published 17 Apr, 2024 10:20am

Sports

World champion swimmers duel in 400 freestyle in Australia

MELBOURNE: The last three men’s 400 metres freestyle world champions will battle for the Australian Open...

Published 17 Apr, 2024 10:15am

Stocks

Australian shares flat as miners counter gains in banks, gold stocks

Australian shares were little changed on Wednesday as losses in heavyweight miners countered gains in financial and...

Published 17 Apr, 2024 10:10am

Stocks

Japan’s Nikkei slips in choppy session as caution prevails

TOKYO: Japan’s Nikkei share average was on track for a third consecutive day of losses on Wednesday, as tensions in...

Published 17 Apr, 2024 10:09am

Forex

Dollar steady, yen fragile after Fed comments dash rate cut bets

SINGAPORE: The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from...

Published 17 Apr, 2024 09:57am

KSA foreign minister meets PM

ISLAMABAD: Saudi Foreign Minister Prince Faisal bin Farhan Al Saud has conveyed to Prime Minister Shehbaz Sharif of...

Updated 17 Apr, 2024 09:43am

Investment: KSA assured of maximum support, facilitation

ISLAMABAD: Pakistan has assured Saudi Arabia of maximum support and facilitation in fast-tracking the Kingdom’s...

Updated 17 Apr, 2024 09:43am

Riyadh eyes significant investment in Pakistan: Saudi FM

ISLAMABAD: Expressing confidence in the productive discussions with Pakistani authorities, Saudi Foreign Minister...

Updated 17 Apr, 2024 09:41am

24.8pc inflation forecast: IMF projects 2pc growth

ISLAMABAD: The International Monetary Fund (IMF) has projected the GDP growth rate for Pakistan at two per cent for...

Updated 17 Apr, 2024 09:41am

Saudi Arabia agrees to build strong partnership

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud calls on President Asif Ali Zardari

Updated 17 Apr, 2024 09:40am

‘Withheld’ renewable energy projects: PFREIF accuses Power Div of misguiding SIFC

ISLAMABAD: Pakistan Foreign Renewable Energy Investors Forum (PFREIF) has accused Power Division’s bureaucracy of...

Updated 17 Apr, 2024 09:10am

‘Delay’ by SEL in achieving COD: NTDC claims $13m LDs

ISLAMABAD: National Transmission and Despatch Company (NTDC) has claimed Liquidated Damages (LDs) of over $13...

Updated 17 Apr, 2024 09:01am

Oil price spike threatens IMF global outlook

WASHINGTON: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF’s...

Updated 17 Apr, 2024 09:00am

Jul-Feb LSM posts negative growth YoY

ISLAMABAD: The overall Large Scale Manufacturing (LSM) sector has shown a growth of -0.51 per cent during the first...

Updated 17 Apr, 2024 08:59am

Iran says working to safeguard oil exports in region

MOSCOW: Iran’s Deputy Oil Minister Morteza Shahmirzaei told a conference in Moscow via video link on Tuesday that...

Updated 17 Apr, 2024 08:59am

Amending hiring rules approved for SPPS recruitments

ISLAMABAD: The federal cabinet has approved amendments in hiring rules for headhunting in Special Professional Pay...

Updated 17 Apr, 2024 08:59am

BR’s refresher: your morning briefing for the day

Important updates April 16, 2024

Published 17 Apr, 2024 08:58am

BR Research

Rising capacity payments: EVs to the rescue

Pakistan energy sector has multifaced issues, and the sector has never been seen holistically, with power and...

Published 17 Apr, 2024 06:16am

BR Research

EPQL in 1QCY23

Engro Powergen Qadirpur Limited (PSX: EPQL) announced its financial performance for the first quarter of CY23...

Published 17 Apr, 2024 06:12am

BR Research

Nadeem Textile Mills Limited

Nadeem Textile Mills Limited (PSX: NATM) was incorporated in Pakistan as a public limited company in 1984. The...

Published 17 Apr, 2024 06:09am

Opinion

Deemed income tax on ownership of vacant plot of land incorrect—V

All the arguments and contentions made by the Sindh High Court in the aforesaid order which have been emphasised are...