News Archives for Latest - 2024-04-18

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Archive - 2024-04-18

World

US announces new sanctions on Iran after missile and drone strike on Israel

WASHINGTON: The United States on Thursday announced new sanctions on Iran targeting its unmanned aerial vehicle...

Updated 19 Apr, 2024 12:46am

World

At UN, Iran says it will make Israel ‘regret’ reprisals

UNITED NATIONS: Iranian Foreign Minister Hossein Amir-Abdollahian on Thursday warned that Tehran would make Israel...

Published 18 Apr, 2024 11:14pm

Sports

Pakistan vs New Zealand first T20I called off due to rain

The first T20 international between Pakistan and New Zealand has been called off due to repeated showers in...

Published 18 Apr, 2024 10:43pm

Business & Economy

Pakistan’s inflation deceleration broad-based, says central bank chief

Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023

Updated 18 Apr, 2024 10:43pm

Markets

Aurangzeb expects to avoid wild rupee devaluation as govt engages IMF: report

Finance minister categorically says he doesn't see need for 'step change' as Pakistan looks for another bailout from IMF

Updated 18 Apr, 2024 10:42pm

Markets

Aurangzeb meets Donald Lu, other US officials

Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring meetings being...

Updated 18 Apr, 2024 10:41pm

Bullion Rate

Gold retreats, falls Rs1,700 per tola in Pakistan

After hitting record highs in the earlier sessions, gold rates decreased in the local and international markets on...

Updated 18 Apr, 2024 10:40pm

USA

US, Israel hold virtual meeting Thursday on Rafah

WASHINGTON: Senior U.S. and Israeli officials held a virtual meeting on Thursday expected to include a discussion of...

Published 18 Apr, 2024 10:13pm

Pakistan

In joint session, President Zardari urges end to ‘polarisation’

Pakistan President Asif Ali Zardari on Thursday called for moving on from “polarisation” to bring the country back...

Updated 18 Apr, 2024 10:13pm

Middle East

Dubai faces massive clean up after deluge swamps glitzy desert city

DUBAI: Dubai, a city in the desert proud of its modern gloss, faced the towering task on Thursday of clearing its...

Published 18 Apr, 2024 10:06pm

Technology

Google terminates 28 employees for protest of Israeli cloud contract

Google said on Thursday it had terminated 28 employees after some staff participated in protests against the...

Published 18 Apr, 2024 09:23pm

Money & Banking

Enforcement action: SBP imposes over Rs755mn in penalties on 8 banks, 1 EC

The State Bank of Pakistan (SBP) imposed penalties worth Rs775.542 million on 8 banks and one exchange company...

Updated 18 Apr, 2024 09:12pm

Forex

Rupee largely stable against US dollar

Currency settles at 278.44 against the greenback in inter-bank market

Updated 18 Apr, 2024 08:50pm

Forex

SBP-held foreign exchange reserves increase $14.4mn, now stand at $8.05bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14.4 million on a weekly basis,...

Published 18 Apr, 2024 08:41pm

Europe

G7 eyeing using frozen Russian assets as collateral for Ukraine loans, EU official says

WASHINGTON: Group of Seven members are discussing using nearly $300 billion in frozen Russian assets as collateral...

Published 18 Apr, 2024 08:09pm

Stocks

Gulf markets end mixed as investors assess Fed, geopolitical tensions

Stock markets in the Gulf ended mixed on Thursday as investors assessed the latest Federal Reserve commentary and...

Published 18 Apr, 2024 07:50pm

Luxury

Vintage Alfa Romeo cars go on sale at auction in France

FONTAINEBLEAU, France: Eight vintage Alfa Romeo cars will go on sale at an auction near Paris on Sunday. The...

Published 18 Apr, 2024 07:47pm

Pakistan

Tarar condemns PTI for jeopardizing national interests

Affirms Pakistan’s commitment to strengthen relations with friendly countries

Published 18 Apr, 2024 07:37pm

Pakistan

Will personally monitor Saudi investment projects; no laxity to be tolerated: PM Shehbaz

Prime Minister Shehbaz Sharif on Thursday said he would personally monitor the Saudi investment projects and warned...

Published 18 Apr, 2024 06:59pm

Energy

Oil extends losses on easing Middle East tension, demand concerns

LONDON: Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key...

Updated 18 Apr, 2024 06:44pm

Stocks

KSE-100 ends marginally lower, still above 70,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower by 43 points, as investors chose...

Published 18 Apr, 2024 06:28pm

Perspectives

From vulnerability to opportunity: climate diplomacy for a Pakistan-GCC sustainable future

Climate change poses an existential threat to Pakistan and the Middle Eastern countries. Its disastrous...

Published 18 Apr, 2024 06:40pm

South Asia

India says it is ready to mitigate economic impact of Iran-Israel conflict

India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will...

Published 18 Apr, 2024 05:40pm

Movies & Music

Pakistani-American musician Arooj Aftab collaborates with actor Tessa Thompson for music video

Her inaugural music video was released on April 18

Updated 18 Apr, 2024 05:37pm

Travel

Doha dethrones Singapore as world’s best airport, Dubai comes in 7th place

Skytrax World Airport Awards 2024 evaluates traveler experiences across different airport services and product key performance indicators

Published 18 Apr, 2024 05:34pm

Sports

West Indies women’s team beat Pakistan in first ODI

Captain Hayley Matthews’s brilliant century scripted West Indies women’s 113-run win over hosts Pakistan in the...

Published 18 Apr, 2024 05:33pm

Europe

Kremlin says any new ‘colonial’ US aid to Ukraine won’t change frontline situation

MOSCOW: The Kremlin said on Thursday that any new U.S. military aid for Ukraine would not change the situation at...

Published 18 Apr, 2024 05:24pm

Movies & Music

Sharmeen Obaid-Chinoy’s new documentary to premiere at Tribeca Film Festival

Two-time Academy Award-winning filmmaker co-directed feature on designer Diane von Furstenberg

Updated 18 Apr, 2024 05:22pm

South Asia

Iranian commander warns Tehran could review its ‘nuclear doctrine’ amid Israeli threats

DUBAI: Iran could review its “nuclear doctrine” amid Israeli threats, a senior Iranian Revolutionary Guards...

Published 18 Apr, 2024 05:13pm

Stocks

Indian shares extend fall as volatility rises before key earnings, general elections

BENGALURU: Indian shares ended at four-week lows on Thursday, reversing intraday gains, as volatility spiked ahead...

Published 18 Apr, 2024 05:00pm

Commodities

Copper rallies to 22-month high as inventories tighten, dollar slips

LONDON: Copper prices climbed to the highest levels in 22 months on Thursday as funds extended their buying spree,...

Published 18 Apr, 2024 04:56pm

Commodities

Palm oil logs longest losing streak in over four months

BEIJING: Malaysian palm oil futures fell for a fifth straight session on Thursday, pressured by expectations of...

Published 18 Apr, 2024 04:53pm

Markets

Meezan Bank’s profit up nearly 65% in 1QCY24

Meezan Bank, the country’s largest Islamic bank, posted consolidated earnings of Rs25.54 billion for the first...

Published 18 Apr, 2024 04:48pm

Energy

MARI successfully drills another appraisal well in Sindh

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully...

Updated 18 Apr, 2024 04:31pm

Luxury

Newly-opened Soneva Secret is most expensive resort in Maldives

Rooms begin at $3,200 a night with rates going as high as $11,000

Updated 18 Apr, 2024 03:27pm

Energy

Pakistan’s power generation falls over 8% year-on-year

Power generation in Pakistan clocked in at 8,023 GWh (10,784 MW) in March 2024, down 8.2% as compared to the same...

Published 18 Apr, 2024 03:23pm

Stocks

Industrials drive STOXX 600 higher as earnings season gathers steam

European shares edged higher on Thursday, with the industrials lifting the benchmark index following ABB’s upbeat...

Published 18 Apr, 2024 03:19pm

Forex

Russian rouble slightly weakens against the US dollar

MOSCOW: The Russian rouble slightly weakened against the US dollar on Thursday. By 0717 GMT, the rouble was 0.13%...

Published 18 Apr, 2024 03:18pm

Asia

China foreign ministry welcomes US Secretary of State Blinken’s visit to China

BEIJING: A spokesperspon for the Chinese foreign ministry on Thursday welcomed US Secretary of State Antony...

Published 18 Apr, 2024 03:16pm

Forex

South African rand edges higher as dollar retreats

JOHANNESBURG: South Africa’s rand edged higher early on Thursday, as the dollar took a breather from its rise in...

Published 18 Apr, 2024 03:12pm

Business & Finance

ECB ‘crystal clear’ on June rate cut, de Guindos says

FRANKFURT: The European Central Bank has made it “crystal clear” that interest rates could be cut in June but has...

Published 18 Apr, 2024 03:10pm

Commodities

Copper hits 22-month high as dollar rally pauses

London copper hit its highest in 22 months on Thursday, supported by a softer dollar as traders braced for a...

Published 18 Apr, 2024 03:09pm

Business & Finance

Tata Motors to use new $1bn plant to make Jaguar Land Rover cars, sources say

NEW DELHI: India’s Tata Motors is planning to manufacture Jaguar Land Rover (JLR) luxury cars at a $1 billion plant...

Published 18 Apr, 2024 03:07pm

Sports

England’s Jofra Archer desperate to avoid another stop-start year

Fast bowler Jofra Archer said he cannot endure another year disrupted by injuries as he looks to secure a spot in...

Published 18 Apr, 2024 03:05pm

Europe

Trump says ‘We’re behind Poland’ as he meets President Duda

WARSAW: Polish President Andrzej Duda discussed Ukraine and the Middle East with Republican presidential candidate...

Published 18 Apr, 2024 03:02pm

Middle East

Israel reserves ‘right to protect itself’ after Iran attack: Netanyahu

OCCUPIED JERUSALEM: Israel’s Prime Minister Benjamin Netanyahu said his country reserved the right to protect itself...

Published 18 Apr, 2024 02:59pm

Arts

Michelangelo’s scribble sells for $200,000 at New York auction

NEW YORK: A square scribbled on a yellowed piece of paper by Renaissance genius Michelangelo sold for $201,600 – 33...

Published 18 Apr, 2024 02:48pm

Technology

Binance obtains Dubai licence to target retail clients

DUBAI: Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that...

Published 18 Apr, 2024 02:30pm

Stocks

London stocks boosted by strong corporate results; Hipgnosis Songs Fund surges

British stocks moved higher on Thursday, boosted by a string of upbeat corporate updates, while investors awaited...

Published 18 Apr, 2024 01:49pm

Stocks

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks were barely moved at the beginning of trade Thursday as investors weighed the outlook...

Published 18 Apr, 2024 01:43pm

Technology

Tesla, Starlink entry on agenda when Musk heads to India

MUMBAI: Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world’s most...

Published 18 Apr, 2024 01:41pm

Sports

Former number one Momota retires from international badminton at 29

TOKYO: Two-time world champion Kento Momota said Thursday he is retiring from international badminton aged 29,...

Published 18 Apr, 2024 01:35pm

Europe

UN says solutions exist to rapidly ease debt burden of poor nations

GENEVA: The heavy debt weighing on developing countries can be alleviated through readily available measures, the...

Published 18 Apr, 2024 01:32pm

Europe

Russia says neutralised 20 drones, 2 missiles

MOSCOW: Russia on Thursday said it had neutralised 20 drones and two ballistic missiles in areas bordering Ukraine,...

Published 18 Apr, 2024 01:26pm

Sports

Englishmen abroad: Kane relishes Champions League duel with Bellingham

MUNICH: Bayern Munich striker Harry Kane looked forward to the Champions League semi-final meeting with England...

Published 18 Apr, 2024 01:24pm

World

Australia mulls citizenship for Pakistani guard in Sydney mall attack

SYDNEY: Australia’s prime minister said Thursday he will consider granting citizenship to a Pakistani security guard...

Published 18 Apr, 2024 01:23pm

Pakistan

X working with Pakistan govt to ‘understand concerns’ over ban

ISLAMABAD: Social media platform X, formerly known as Twitter, said Thursday it would work with Pakistan’s...

Published 18 Apr, 2024 12:54pm

Commodities

China’s March refined copper output jumps 8% y/y

BEIJING: China’s refined copper production in March rose 7.9% from the prior year to around 1.15 million metric...

Published 18 Apr, 2024 12:31pm

Commodities

Australia’s sugar output likely to rise to 4.2mn tons in 2024/25, USDA says

CANBERRA: Australia’s sugar production should rise to 4.2 million metric tons in the 2024/25 marketing year from an...

Published 18 Apr, 2024 12:30pm

Technology

China’s Huawei to start selling Pura 70 smartphones

BEIJING: Chinese technology conglomerate Huawei said it would start selling Pura 70 ultra and Pura 70 Pro...

Published 18 Apr, 2024 12:27pm

Commodities

Chicago wheat recoups some losses as US dollar eases

CANBERRA: Chicago wheat futures rose on Thursday, recouping some of their losses from the previous session, as the...

Published 18 Apr, 2024 12:26pm

Sports

Stefanos Tsitsipas advances in Barcelona

Fifth-seeded Stefanos Tsitsipas defeated Austrian Sebastian Ofner 6-4, 7-5 to advance to the third round of the...

Published 18 Apr, 2024 12:23pm

Commodities

Palm oil range-bound as slowing demand outlook weighs

BEIJING: Malaysian palm oil futures traded in a tight range on Thursday after slumping to their lowest in over six...

Published 18 Apr, 2024 12:19pm

Europe

Water levels rise in rivers in Russia’s Kurgan, Tomsk regions

Water levels have continued to rise in the Tobol and Ob rivers in Russia’s Kurgan and Tomsk regions, respectively,...

Published 18 Apr, 2024 12:03pm

Sports

Ex-Australia skipper Lanning details health issues she faced before international retirement

MELBOURNE: Former Australia women’s captain Meg Lanning said she struggled with weight loss and insomnia before her...

Published 18 Apr, 2024 12:01pm

Asia

Indonesian volcano eruption forces evacuations, airport closure

JAKARTA: Indonesia shut a provincial airport and evacuated hundreds of people from the vicinity of the Ruang volcano...

Published 18 Apr, 2024 11:56am

Asia

China foreign minister says Beijing and Jakarta want regional peace and stability

JAKARTA: China and Indonesia have pledged to strengthen economic ties and maintain peace and stability in the...

Published 18 Apr, 2024 11:41am

Forex

China’s yuan firms on soft dollar, PBOC support

SHANGHAI: China’s yuan slightly firmed on Thursday against a softer US dollar as investors stepped back to assess...

Published 18 Apr, 2024 11:36am

Technology

ABB beats forecasts with first quarter earnings

ZURICH: ABB reported better than expected profit at the start of the year, the Swiss engineering company said on...

Published 18 Apr, 2024 11:34am

Commodities

China’s March aluminium imports jump 90% on-year, customs data show

BEIJING: China’s imports of unwrought aluminium and products jumped 89.8% at 380,000 metric tons in March, customs...

Published 18 Apr, 2024 11:30am

Bullion Rate

Gold shines as geopolitical tensions offset easing US rate-cut bets

Gold prices climbed on Thursday, as risks of a widening Middle East conflict raised bullion’s safe-haven appeal,...

Published 18 Apr, 2024 11:28am

Sports

Champions League exit not the end of Arsenal’s season, says Arteta

Arsenal’s players have been stung by their Champions League quarter-finals exit on Wednesday but manager Mikel...

Published 18 Apr, 2024 11:22am

Stocks

China stocks track Asian markets higher

SHANGHAI: China stocks tracked other Asian markets higher on Thursday, as investors assessed US interest rate...

Published 18 Apr, 2024 11:11am

South Asia

IMF ready to support Sri Lanka’s discussions with bondholders

COLOMBO: The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international...

Published 18 Apr, 2024 11:08am

Business & Finance

Abu Dhabi Islamic Bank in talks to buy $1.1bn stake in Indonesian lender, sources say

SINGAPORE/JAKARTA: Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1...

Published 18 Apr, 2024 11:05am

Commodities

South Korea’s KFA tenders for up to 69,000 T corn, traders say

HAMBURG: South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000...

Published 18 Apr, 2024 10:56am

Technology

Nokia sees stronger H2 after Q1 comparable profit grows less than expected

Finnish telecom gear maker Nokia reported on Thursday a smaller rise than expected in first-quarter comparable...

Published 18 Apr, 2024 10:54am

Technology

TSMC Q1 profit rises 9%, beats market expectations

TAIPEI: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market...

Published 18 Apr, 2024 10:52am

Technology

Apple plans to invest more than $250mn to expand Singapore campus

SINGAPORE: Apple Inc plans to invest more than $250 million to expand its regional campus or operations in Ang Mo...

Published 18 Apr, 2024 10:49am

World

Sydney’s Bondi Westfield mall reopens for tributes after fatal stabbings

SYDNEY: Sydney’s Bondi Westfield mall on Thursday reopened for the first time since a man with a knife killed six...

Published 18 Apr, 2024 10:37am

Europe

EU leaders to hear shake-up needed to match global rivals

BRUSSELS: European Union leaders will hear on Thursday how the bloc could act to catch up to the United States,...

Published 18 Apr, 2024 10:34am

Stocks

Asia stocks mixed as soaring dollar pauses

SINGAPORE: Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond...

Published 18 Apr, 2024 10:30am

Middle East

UAE reels for a third day after record-breaking storm

DUBAI: The United Arab Emirates was still grappling on Thursday with the aftermath of a record-breaking storm this...

Published 18 Apr, 2024 10:25am

Forex

Indian rupee pressured by Fed rate outlook, helped by dip in oil prices

MUMBAI: The Indian rupee is likely to open little changed on Thursday amid expectations that US interest rates will...

Published 18 Apr, 2024 10:15am

Mutual Funds

India bond yields may inch down as oil, Treasury yields dip

MUMBAI: Indian government bond yields may edge lower in early trading on Thursday as oil prices as well as US...

Published 18 Apr, 2024 10:12am

World Bank concerned over delay in EDEIP completion for 3 Discos

ISLAMABAD: The World Bank (WB) has raised alarm at the delay in completion of Electricity Distribution Efficiency...

Updated 18 Apr, 2024 10:11am

Stocks

Australia shares rebound as mining, bank stocks rally; jobs data in focus

Australian shares inched up on Thursday after five sessions of losses, buoyed by miners on rising underlying iron...

Published 18 Apr, 2024 10:10am

Stocks

Japan’s Nikkei set for fourth losing session as chip stocks weigh

TOKYO: Japan’s Nikkei share average fell on Thursday, putting it on course for its longest losing streak since...

Published 18 Apr, 2024 10:08am

Stocks

Indian shares set for muted open as worries about US rate, Middle East linger

BENGALURU: Indian shares are set to open little changed on Thursday, after falling about 3% in the past three...

Published 18 Apr, 2024 10:06am

Pakistan

Toshakhana case: Nawaz given a clean chit by NAB

ISLAMABAD: The National Accountability Bureau (NAB) has given a clean chit to Pakistan Muslim League-Nawaz (PML-N)...

Updated 18 Apr, 2024 10:03am

‘Kindly refrain from emailing Mr. Porter and Ms. Kozack...,’ IMF tells BR

ISLAMABAD: What is the maximum possible International Monetary Fund (IMF) fresh programme loan that can be extended...

Updated 18 Apr, 2024 09:59am

Forex

Dollar takes a breather as investors ponder US rates outlook

SINGAPORE: The dollar was soft on Thursday as traders assessed the US interest rates outlook in the wake of comments...

Published 18 Apr, 2024 09:59am

Global financial leaders vow support for Pakistan

WASHINGTON: Leading global financial organisations including the World Bank (WB), Asian Development Bank (ADB) and...

Updated 18 Apr, 2024 09:56am

Ministries, divisions told to surrender funds on May 15th

ISLAMABAD: The Finance Ministry has directed all the ministries and divisions to surrender the current financial...

Updated 18 Apr, 2024 09:47am

Budget: body formed to firm up proposals

PM Shehbaz Sharif constitutes 11-member ministerial committee headed by Finance Minister Muhammad Aurangzeb to deliberate upon and firm up proposals for budget 2024-25

Updated 18 Apr, 2024 09:46am

Taxes

Jul’23-Feb’24 period: SRB collection grows 33pc to Rs145.3bn YoY

KARACHI: The Sindh Revenue Board (SRB) has continued its impressive revenue collection performance, securing Rs...

Updated 18 Apr, 2024 09:45am

Aurangzeb-led team to meet US official Donald Lu?

ISLAMABAD: Finance Minister Muhammad Aurangzeb, who is currently in Washington attending World Bank-IMF Spring...

Updated 18 Apr, 2024 09:26am

SAB to link surplus sugar export to price stability in country

ISLAMABAD: The Sugar Advisory Board (SAB), Wednesday, decided to link the export of surplus sugar with its price...

Updated 18 Apr, 2024 09:26am

FCA: CPPA-G plans to ‘extract’ Rs23bn from consumers

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has planned to extract about Rs 23 billion from...

Updated 18 Apr, 2024 09:25am

APTMA tells finance minister how it looks at new IMF programme

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has said that the terms of new programme with...

Updated 18 Apr, 2024 09:24am

Demand & supply side: More work needs to be done: IMF official

ISLAMABAD: The monetary policy has been tightening over the past two or three years in Pakistan to control...

Updated 18 Apr, 2024 09:24am

BR’s refresher: your morning briefing for the day

Important updates April 17, 2024

Published 18 Apr, 2024 08:30am

BR Research

Time to miss another opportunity

Lady luck has a strange romance reserved for PML-N. After two years of record high food inflation - averaging above...

Published 18 Apr, 2024 07:44am

BR Research

LSM: 20 months in the red

The longest negative LSM growth streak got longer, as per the latest data released by the Pakistan Bureau of...

Published 18 Apr, 2024 07:39am

BR Research

KSB Pumps Company Limited

KSB Pumps Company Limited (PSX: KSBP) is a KSB group company incorporated in Pakistan in 1959. The company’s core...

Published 18 Apr, 2024 07:32am

Opinion

Palestine exposes the Orwellian freedom & Western democracy

In Shakespeare’s Hamlet, Polonius inquires, “What do you read my Lord? Words, words, words” Hamlet replies. This...