News Archives for Latest - 2024-04-19

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Archive - 2024-04-19

World

UAE launches relief operation in Gaza’s bombed out second city

DUBAI: The UAE said Friday it had launched a major relief operation in the Gaza Strip’s bombed out second city of...

Published 19 Apr, 2024 11:28pm

Discos officials conniving with power thieves to face the music

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari said on Thursday that Discos officials conniving with...

Updated 19 Apr, 2024 11:14pm

Business & Economy

Pakistan aims to agree outline of new IMF loan in May: Finance Minister

Bulk of Pakistan's bilateral debt is being rolled over, Aurangzeb says

Updated 19 Apr, 2024 10:30pm

Markets

‘Reform’ package more important than size of next programme, says IMF

The International Monetary Fund (IMF) urged Pakistani authorities to accelerate the pace of reforms, as the country...

Updated 19 Apr, 2024 10:13pm

Markets

Pakistan hopes for Moody’s rating upgrade as economic indicators improve

Last year, Moody's downgraded Pakistan’s credit rating to ‘Caa3’

Updated 19 Apr, 2024 09:45pm

Pakistan

Five Japanese escape unhurt in Karachi suicide blast attack

KARACHI: Five Japanese nationals in Pakistan escaped unhurt on Friday from a suicide bomb attack on their vehicle as...

Updated 19 Apr, 2024 09:36pm

South Asia

Tehran plays down reported Israeli attacks, signals no further retaliation

Iranian media and officials describe small number of explosions, which they say resulted from Iran’s air defences hitting three drones over Isfahan

Updated 19 Apr, 2024 09:30pm

Middle East

At least 34,012 Palestinians killed in Israeli offensive in Gaza since Oct. 7

CAIRO: Israel’s military offensive in the Gaza Strip has killed at least 34,012 Palestinians and injured 76,833...

Published 19 Apr, 2024 08:48pm

Energy

Oil slips after Iran plays down reported Israeli attack

Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli...

Updated 19 Apr, 2024 08:40pm

Commodities

Gold price per tola increases Rs500 in Pakistan

Gold rates increased in the local and international markets on Friday. In Pakistan, gold price per tola stood at...

Updated 19 Apr, 2024 08:38pm

Interest Rates

To cut or not to cut: SBP might opt for caution in monetary policy

Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance

Published 19 Apr, 2024 08:15pm

Movies & Music

Netflix’s ‘must-see’ TV and film lineup in blockbuster year

Netflix unveiled a sprawling TV and film lineup this year as it bet that must-see content would keep viewers paying...

Published 19 Apr, 2024 08:08pm

Money & Banking

India’s forex reserves come of record highs as 7-week gaining streak ends

MUMBAI: India’s foreign exchange reserves fell for the first time in eight weeks, coming off record highs to decline...

Published 19 Apr, 2024 07:54pm

Stocks

Dow, S&P inch up as AmEx gains; Netflix slump drags down Nasdaq

The Dow and the S&P 500 edged higher on Friday on gains in American Express after upbeat earnings and as initial...

Published 19 Apr, 2024 07:44pm

Exchange

Rupee records minor improvement against US dollar

Currency settles at 278.31 against the greenback in inter-bank market

Updated 19 Apr, 2024 07:42pm

South Asia

No explosives found after alert from Iran consulate in Paris

PARIS: French police on Friday found no explosives at the Iranian consulate in Paris or on a suspect detained there,...

Published 19 Apr, 2024 07:32pm

Stocks

UAE markets decline over Israel’s attack on Iran

Stock markets in the United Arab Emirates declined on Friday as investors turned risk-averse after Israel launched...

Published 19 Apr, 2024 07:22pm

South Asia

Police arrest man in Paris Iran consulate incident

PARIS: French police arrested a man who had threatened to blow himself up at Iran’s consulate in Paris, police said...

Published 19 Apr, 2024 06:58pm

Pakistan

President Zardari confers Nishan-i-Imtiaz (M) upon Turkish CGS

President Asif Ali Zardari on Friday conferred Nishan-i-Imtiaz (Military) upon Turkish Chief of General Staff,...

Published 19 Apr, 2024 06:55pm

Commodities

Global LNG: Asia spot LNG at fresh three-month high on supply concerns

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week to a new three-month high due to supply...

Published 19 Apr, 2024 06:51pm

Middle East

IMF revises down Mideast growth outlook on war, trade disruptions

DUBAI: The International Monetary Fund said on Thursday Middle East economies would grow at a slower pace this year...

Published 19 Apr, 2024 06:47pm

Stocks

KSE-100 closes at record high near 71,000

Buying driven by corporate earnings, developments regarding Reko Diq project, analyst says

Updated 19 Apr, 2024 06:33pm

Middle East

G7 opposes ‘full scale military operation in Rafah’

CAPRI: Foreign ministers from the Group of Seven nations said Friday they opposed a “full-scale military operation...

Published 19 Apr, 2024 06:08pm

South Asia

Iran’s president makes no mention of explosions

TEHRAN: Iran’s President Ebrahim Raisi on Friday hailed Tehran’s unprecedented retaliatory attack on Israel almost a...

Published 19 Apr, 2024 05:52pm

USA

Blinken says US ‘not involved in any offensive operation’

CAPRI: US Secretary of State Antony Blinken on Friday refused to comment on reports of an attack by Israel on Iran,...

Updated 19 Apr, 2024 05:43pm

Europe

G7 seeing if it can draw on frozen Russian assets, Italy says

CAPRI: The Group of Seven (G7) major powers are looking to see if they can use frozen Russian assets held in the...

Published 19 Apr, 2024 05:39pm

Bullion Rate

Asia gold: Safe-haven buying props up China demand; activity still muted in India

Physical gold demand in top consumer China firmed this week as a depreciating yuan and growing tension in the Middle...

Published 19 Apr, 2024 05:23pm

Stocks

Indian shares snap four-week winning run on Middle East, US rate worries

BENGALURU: India’s benchmark indexes bucked the global weakness to end higher on Friday, boosted by HDFC Bank,...

Published 19 Apr, 2024 04:51pm

Commodities

Copper hits two-year high as base metals rise on fund buying

LONDON: Copper prices hit their highest in almost two years on Friday while other base metals delivered strong...

Published 19 Apr, 2024 04:43pm

Travel

Eiffel Tower loses sparkle for Parisians ahead of Olympics

PARIS: The Eiffel Tower is set for a starring role during the Paris Olympics this year, but the landmark and its...

Published 19 Apr, 2024 04:42pm

Commodities

Palm oil clocks deepest weekly loss in over a year

BEIJING/SINGAPORE: Malaysian palm oil futures reversed early gains on Friday to log its sharpest weekly fall in over...

Published 19 Apr, 2024 04:40pm

Movies & Music

Sting, Deep Purple return to Montreux Jazz Festival

GENEVA: Deep Purple, Sting and Lenny Kravitz will return for this year’s Montreux Jazz Festival, while Duran Duran...

Published 19 Apr, 2024 04:22pm

Business & Economy

Aurangzeb pitches bankable projects to attract Saudi, UK investments

Federal Minister for Finance and Revenue Muhammad Aurangzeb, in his meetings with officials of Saudi Arabia and...

Updated 19 Apr, 2024 04:10pm

Perspectives

‘Canadian dream’: is it really as appealing for Pakistanis as it used to be?

Popularised by the best-seller, Epic America (1931), the term American dream became synonymous with the story of...

Published 19 Apr, 2024 03:07pm

Sports

Julian Nagelsmann to remain Germany national football coach till 2026

BERLIN: German national team coach Julian Nagelsmann has signed a contract extension to remain in post until at...

Published 19 Apr, 2024 03:17pm

Middle East

Dubai airport limits arriving flights amid storm backlog

DUBAI: Dubai’s main airport said on Friday it is limiting the number of flights arriving for two days, as it...

Published 19 Apr, 2024 03:12pm

World

Despite calls to de-escalate, Israel attacks Iran as region goes deeper into conflict

Iranian state media says three drones over central city of Isfahan shot down

Updated 19 Apr, 2024 03:01pm

Stocks

Netflix slips after stopping subscriber tally report, downbeat Q2 revenue forecast

Netflix’s shares fell as much as 6.22% to $572.58 in premarket trading on Friday after the company unexpectedly said...

Published 19 Apr, 2024 02:58pm

Europe

Russia’s Shoigu says tank production is booming

MOSCOW: Russian Defence Minister Sergei Shoigu said on Friday that the country was ramping up manufacturing of tanks...

Published 19 Apr, 2024 02:52pm

Forex

Sterling wavers as markets gauge reported Israeli attack on Iran

LONDON: The pound was little changed on Friday after falling to a five-month low against the dollar in Asian trading...

Published 19 Apr, 2024 02:50pm

Luxury

Louis Vuitton holds ‘Voyager’ fashion show in Shanghai

SHANGHAI: Louis Vuitton debuted its newly-labelled ‘Voyager’ travelling show in Shanghai on Thursday night, showing...

Published 19 Apr, 2024 01:56pm

Movies & Music

Alec Baldwin’s criminal case hinges on a Wild West revolver

TAOS, New Mexico: A Colt .45 ‘Peacemaker’ revolver, a symbol of the American Wild West, is at the center of actor...

Published 19 Apr, 2024 01:48pm

Europe

G7 identified ‘specific steps’ to help Ukraine, Kuleba says

CAPRI: Foreign ministers from the Group of Seven (G7) major democracies have identified “specific steps” needed to...

Published 19 Apr, 2024 01:44pm

Forex

Ugandan shilling marginally higher as demand slumps

KAMPALA: The Ugandan shilling was marginally stronger on Friday amid a general slump in appetite for hard currency...

Published 19 Apr, 2024 01:42pm

Forex

Russian rouble little changed against the dollar

MOSCOW: The Russian rouble was little changed against the dollar on Friday. By 0735 GMT, the rouble was 0.07% lower...

Published 19 Apr, 2024 01:41pm

Stocks

Europe’s STOXX drops to 1-month low on geopolitical woes; L’Oreal shines

European stocks dropped on Friday to their lowest levels in more than one month after a ramp-up in Middle East...

Published 19 Apr, 2024 01:40pm

Mutual Funds

Euro zone bond yields fall after reports of Israel attack on Iran

LONDON: Euro zone bond yields fell on Friday as investors tried to reduce risk before the weekend after reports of...

Published 19 Apr, 2024 12:43pm

Stocks

UK stocks dip on Middle-East woes, set for weekly declines

British stocks opened lower on Friday due to caution over the escalating tensions in the Middle East, while domestic...

Published 19 Apr, 2024 12:41pm

Sports

Chelsea’s ‘Cold Palmer’ heating up ahead of Man City reunion

LONDON: Chelsea forward Cole Palmer has emerged as a Player of the Year contender thanks to a dazzling campaign that...

Published 19 Apr, 2024 12:20pm

Technology

Meta releases beefed-up AI models

SAN FRANCISCO: Meta on Thursday introduced an improved AI assistant built on new versions of its open source Llama...

Published 19 Apr, 2024 12:15pm

Sports

O’Sullivan eyes eighth snooker world title amid more retirement talk

LONDON: Ronnie O’Sullivan may be the most gifted snooker player of his generation, but even the prospect of winning...

Published 19 Apr, 2024 12:05pm

Stocks

Tokyo’s Nikkei index tumbles 3% in morning trade

TOKYO: Tokyo’s key Nikkei index plunged more than three percent in morning trade on Friday, following falls in tech...

Updated 19 Apr, 2024 12:02pm

USA

CIA warns Ukraine could lose war this year without fresh aid

WASHINGTON: The CIA chief warned Thursday that Ukraine could lose the war to Russia by the end of this year unless...

Published 19 Apr, 2024 12:01pm

MENA

Dubai rains provide ‘opportunity to enhance emergency response systems’: Crown Prince

Sheikh Hamdan says he is closely monitoring situation to address challenges that emergency response teams faced

Published 19 Apr, 2024 11:51am

South Asia

Deep wounds in Sri Lanka five years since Easter massacre

COLOMBO: Sri Lanka marks on Sunday five years since Islamist bombers slaughtered 279 people in the island’s...

Published 19 Apr, 2024 11:53am

Middle East

US embassy in Israel tells employees to limit movement

OCCUPIED JERUSALEM: The United States embassy in Israel on Friday told its employees and their families to restrict...

Published 19 Apr, 2024 11:47am

Asia

ASEAN ‘deeply concerned’ by escalating Myanmar violence

BANGKOK: Regional bloc ASEAN said it is “deeply concerned” about a recent upsurge in fighting in Myanmar, after...

Published 19 Apr, 2024 11:46am

Europe

Three killed, 20 injured in Russian strikes on southern Ukraine

KYIV: Russian strikes overnight killed three people and injured 20 in the southern Dnipropetrovsk region, Ukrainian...

Published 19 Apr, 2024 11:36am

Europe

Threatened by Russia, will the EU do enough to fund defence?

BRUSSELS: As Russian forces push back outgunned Ukrainian troops and conflict rocks the Middle East, calls are...

Published 19 Apr, 2024 11:33am

Bullion Rate

Gold set for fifth weekly gain as geopolitical risks buoy demand

Gold prices rose on Friday, on track for their fifth weekly gain, with investors gravitating towards safe-haven...

Published 19 Apr, 2024 11:12am

South Asia

India begins voting in gigantic election as Modi seeks historic third term

KAIRANA/CHENNAI: India began voting on Friday in the world’s largest election as Prime Minister Narendra Modi seeks...

Published 19 Apr, 2024 11:06am

Mutual Funds

US bonds rally on reports of Middle East missile strike

SINGAPORE: US Treasuries rallied sharply as news reports of explosions in Iran and a possible Israeli missile strike...

Published 19 Apr, 2024 11:03am

Forex

Indian rupee likely to drop to record low on escalating Middle East tensions

MUMBAI: The Indian rupee is expected to open at a lifetime low against the US dollar on Friday, in the wake of a...

Published 19 Apr, 2024 10:59am

Technology

Bitcoin slides below $60,000 on reports Israel strikes Iran

Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following...

Published 19 Apr, 2024 10:57am

Commodities

Palm oil snaps five-day decline on oil surge, eyes weekly loss

SINGAPORE: Malaysian palm oil futures snapped a five-day losing streak on Friday amid a jump in oil prices, even as...

Published 19 Apr, 2024 10:55am

Mutual Funds

India bond yields seen steady as traders eye debt supply

MUMBAI: Indian government bond yields are expected to stay largely unchanged in early trading on Friday, as market...

Published 19 Apr, 2024 10:53am

Commodities

Wheat futures jump more than 3% on reports of Israeli strike on Iran

CANBERRA: Chicago soybean, corn and wheat futures rose on Friday after reports that Israeli missiles had hit a site...

Published 19 Apr, 2024 10:47am

Forex

Australia, NZ dollars slide on reports of Israeli strikes on Iran, bonds rally

SYDNEY: The Australian and New Zealand dollars tumbled on Friday as media reports of Israeli strikes on Iran spurred...

Published 19 Apr, 2024 10:42am

Fund for hiring top-notch professionals: Aurangzeb asked to engage with corporate sector

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Finance Minister Muhammad Aurangzeb to engage with the...

Updated 19 Apr, 2024 10:40am

Mutual Funds

JGB yields sink on reports of escalation in Middle East

TOKYO: Japanese government bond (JGB) yields fell sharply on Friday as reports of a possible missile strike drove...

Published 19 Apr, 2024 10:39am

Forex

China’s yuan hits 5-month low on renewed Middle East tensions

SHANGHAI: China’s yuan weakened to a five-month low against the dollar on Friday, pressured by reports of an Israeli...

Published 19 Apr, 2024 10:35am

Technology

Apple pulls WhatsApp, Threads from China app store after Beijing order

Apple said on Friday it had removed Meta Platforms’ WhatsApp and Threads from its App Store in China after being...

Published 19 Apr, 2024 10:31am

Sports

Exit from Europe can help Liverpool focus on league, says Klopp

Liverpool’s elimination from the Europa League quarter-finals can help them focus on their Premier League title...

Published 19 Apr, 2024 10:28am

Commodities

London aluminium set for 6th straight weekly gain after sanctions on Russia

Most nonferrous metals prices gained on Friday, with the London aluminium contract set for the sixth straight weekly...

Published 19 Apr, 2024 10:24am

Business & Finance

Malaysia’s economy likely grew 3.9% y/y in Q1

KUALA LUMPUR: Malaysia’s economy is estimated to have grown 3.9% in the first quarter of 2024 from a year earlier,...

Published 19 Apr, 2024 10:22am

Stocks

Mainland China and Hong Kong stocks fall on Middle East tensions

SHANGHAI: Mainland China and Hong Kong stocks fell on Friday, tracking their regional peers, pressured by reports of...

Published 19 Apr, 2024 10:16am

Stocks

Middle East worries weigh down Indian shares; Infosys drags IT stocks

BENGALURU: Indian shares declined on Friday, tracking Asian peers, on worries of escalating tensions in the Middle...

Published 19 Apr, 2024 10:14am

Stocks

Stocks sink, oil jumps after Israeli attack on Iran

TOKYO: Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after...

Published 19 Apr, 2024 10:12am

Forex

Surging dollar set for weekly gain as US data, Fed push back on rate cuts

SINGAPORE: The resurgent dollar headed towards a second straight week of gains on Friday as a hotter-than-expected...

Published 19 Apr, 2024 10:01am

Business & Finance

PM forms body to probe Matiari Transmission Line underutilisation

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Minister for Petroleum Senator...

Updated 19 Apr, 2024 09:34am

IMF says ready to support, stresses need for reform

IMF's Middle East and Central Asia director says it is important to accelerate the reforms, double down on the structure of reforms in order to provide Pakistan with its full potential of growth

Updated 19 Apr, 2024 09:29am

Dar hints at resumption of Pakistan-India trade ties?

ISLAMABAD: Foreign Minister Ishaq Dar on Thursday said that a decision on the resumption of trade with India will be...

Updated 19 Apr, 2024 09:25am

Appellate Tribunal: FBR issues guidelines for implementation of orders

ISLAMABAD: The Federal Board of Revenue (FBR) has laid down guidelines for the field formations for implementation...

Updated 19 Apr, 2024 09:24am

Minister rules out PKR devaluation

WASHINGTON: Finance Minister of Pakistan Muhammad Aurangzeb has ruled out any further significant rupee devaluation...

Updated 19 Apr, 2024 09:20am

Saudi business tycoons due shortly: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that renowned businessmen from Saudi Arabia will be visiting...

Updated 19 Apr, 2024 09:20am

Global investors apprised about upward forex trend

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan’s external sector has stabilised...

Updated 19 Apr, 2024 09:02am

SBP’s reserves up $14.4m to $8.055bn

KARACHI: Despite repayment of dollar one billion external debt, the State Bank of Pakistan (SBP) successfully...

Updated 19 Apr, 2024 09:02am

PM seeks urgent plan to revamp transmission system, Discos

ISLAMABAD: Prime Minister Shehbaz Sharif has sought a plan on a priority basis for improvement in the transmission...

Updated 19 Apr, 2024 09:01am

BR’s refresher: your morning briefing for the day

Important updates April 18, 2024

Published 19 Apr, 2024 08:58am

BR Research

Power generation: The rut continues

For the sixth month running, electricity generation went down year-on-year, as March 2024 generation was recorded...

Published 19 Apr, 2024 08:55am

BR Research

Repatriation picks up!

Repatriation of dividends and profits on net foreign direct investment that had tumbled to negligible level in FY23...

Published 19 Apr, 2024 08:52am

BR Research

Interview with Kashif Hussain Shah - Executive Director, Skills360

“We aim to also create opportunities for job creation and economic growth.” Coach360, a platform for mentoring and...

Published 19 Apr, 2024 07:13am

Opinion

Ending hopium — III

The energy sector needs significant investment in refinery, petrochemical, oil and gas storages and transmission...