News Archives for Latest - 2024-04-22

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Archive - 2024-04-22

Aurangzeb tries to ease concerns of S&P, Fitch

Meets with representatives of S&P Global and Fitch Ratings on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C

Updated 22 Apr, 2024 11:49pm

World

Israel’s Gaza war has negatively impacted human rights, says US report

WASHINGTON: The war between Israel and Hamas that has killed tens of thousands of Palestinians in Gaza and resulted...

Published 22 Apr, 2024 11:22pm

World

Biden tells Zelensky US will ‘quickly’ send military aid

WASHINGTON: The United States will act swiftly to provide new military assistance to help Kyiv in its battle against...

Published 22 Apr, 2024 11:14pm

Pakistan

President Zardari receives Iranian counterpart Ebrahim Raisi

President Asif Ali Zardari on Monday welcomed his Iranian counterpart Dr Seyyed Ebrahim Raisi at the President’s...

Updated 22 Apr, 2024 10:28pm

Europe

Russia has up to 25,000 troops trying to storm Chasiv Yar area, Kyiv says

KYIV: Russia has a force of 20,000-25,000 troops trying to storm the eastern Ukrainian town of Chasiv Yar and...

Published 22 Apr, 2024 10:26pm

Bullion Rate

Retreat from record high: gold price per tola falls Rs3,500 in Pakistan

Gold rates eased in the local and international markets on Monday as the yellow metal retreated from its record...

Updated 22 Apr, 2024 10:25pm

Business & Economy

Pakistan’s current account posts surplus of $619mn in March

Monthly surplus highest after nine years, and the third highest in Pakistan's history

Updated 22 Apr, 2024 10:23pm

Business & Economy

Aurangzeb pitches Pakistan’s ‘competitive advantages’ in meeting with UAE businesses

Federal Minister for Finance Muhammad Aurangzeb urged UAE businesses to enhance investment activity in Pakistan as...

Updated 22 Apr, 2024 10:15pm

Pakistan

In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn

Stresses some individuals do not favour expanded ties with Pakistan

Updated 22 Apr, 2024 10:08pm

Pakistan

11 terrorists killed in separate KP operations: ISPR

The military's media wing says law enforcement agencies remain dedicated to eliminating the threat of terrorism from the country

Updated 22 Apr, 2024 10:07pm

Middle East

Macron discusses MidEast crisis with Israel’s Netanyahu, Egypt’s Sisi

PARIS: French President Emmanuel Macron held phone calls on Monday with Israel Prime Minister Benjamin Netanyahu and...

Published 22 Apr, 2024 09:43pm

Middle East

EU foreign ministers agree to expand Iran sanctions

LUXEMBOURG: EU foreign ministers agreed in principle on Monday to expand sanctions on Iran following Tehran’s...

Published 22 Apr, 2024 09:38pm

Europe

EU ministers stop short of Patriot pledges for Ukraine

LUXEMBOURG: European Union ministers said on Monday they were looking urgently at how to provide more air defences...

Published 22 Apr, 2024 09:35pm

Companies

Wilmar Pakistan, three others get CCP’s nod to acquire 23.20% stake in Unity Foods

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 23.20% shareholding in...

Published 22 Apr, 2024 09:19pm

USA

Trump lawyer defends $175 million bond in New York civil fraud case

NEW YORK: A lawyer for Donald Trump tried to convince a judge on Monday that the insurer that provided the former...

Updated 22 Apr, 2024 09:18pm

Sports

India’s Chahal first bowler to take 200 IPL wickets

JAIPUR: Rajasthan Royals spinner Yuzvendra Chahal took his 200th IPL wicket on Monday to become the first bowler to...

Published 22 Apr, 2024 09:13pm

Commodities

US crude futures climb back into positive territory

HOUSTON: U.S. crude futures returned to positive territory on Monday after falling on easing fears of a wider...

Updated 22 Apr, 2024 09:07pm

Pakistan

SSGC disconnects gas supplies to Pakistan Steel Mills Housing colony

The Sui Southern Gas Company (SSGC) has disconnected gas supplies to Pakistan Steel Mills (PSM) Housing colony due...

Published 22 Apr, 2024 08:26pm

Industry

Boosting Pakistan’s pharmaceutical exports: learning from India’s success

KARACHI: Recent research has highlighted the massive gap between Pakistan’s potential to export and the value it...

Updated 22 Apr, 2024 08:23pm

Sports

Injured Marsh on track for T20 World Cup, says Ponting

NEW DELHI: Australia’s Mitchell Marsh remains on course to play at the T20 World Cup despite being likely ruled out...

Published 22 Apr, 2024 08:12pm

Sports

Ganguly, Ponting back Rishabh Pant to play T20 World Cup

NEW DELHI: Cricket greats Sourav Ganguly and Ricky Ponting on Monday backed India star Rishabh Pant to play the T20...

Published 22 Apr, 2024 08:15pm

Stocks

In a first, KSE-100 shoots past 71,000 after 524-point gain

The Pakistan Stock Exchange (PSX) closed at a fresh record high on Monday as its benchmark KSE-100 Index closed over...

Updated 22 Apr, 2024 08:14pm

Stocks

US stocks rise ahead of tech earnings

NEW YORK: Wall Street stocks bounced early Monday as markets attempt to rebound from last week’s losses amid worries...

Published 22 Apr, 2024 07:40pm

Exchange

Rupee registers minor loss against US dollar

Currency settles at 278.33 against greenback in inter-bank market

Updated 22 Apr, 2024 07:15pm

Sports

Kohli fined for angry outburst at IPL umpires

NEW DELHI: India star Virat Kohli has been fined half his match fee for an angry outburst in response to his...

Published 22 Apr, 2024 06:40pm

Exchange

Highest in nearly 3 years: Pakistan’s REER index surges to 104.07 in March 2024

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 22 Apr, 2024 06:28pm

MENA

Housing solutions, food distribution: 5 ways Dubai dealt with record rains

Crown Prince Sheikh Hamdan directs early disbursement of April salaries for Dubai government employees

Updated 22 Apr, 2024 05:49pm

Europe

Turkiye’s Erdogan in Iraq to push for reset of ties, cooperation against PKK

BAGHDAD: Turkish President Tayyip Erdogan began a rare visit to neighbouring Iraq on Monday aiming to reset rocky...

Published 22 Apr, 2024 05:42pm

Europe

Kyiv warns situation on front will worsen in May

KYIV: The situation for Ukraine on its front line is likely to steadily deteriorate in coming weeks, Ukraine’s head...

Published 22 Apr, 2024 05:16pm

Sports

Nadal signs up for 2024 Laver Cup in Berlin

PARIS: Rafael Nadal will represent Team Europe at the Laver Cup in Berlin this September in what could be one of the...

Published 22 Apr, 2024 05:14pm

Asia

Southern China storms kill four, force mass evacuations

BEIJING: Four people are dead and 10 others missing following storms that battered southern China, state media said...

Published 22 Apr, 2024 05:12pm

Sports

Djokovic to skip Madrid Open

World number one Novak Djokovic will not compete at this week’s Madrid Open after being left out of the main draw...

Published 22 Apr, 2024 04:30pm

Energy

PPL sees significant boost in oil & gas production

Pakistan Petroleum Limited (PPL) has registered a significant increase in hydrocarbon production from its wells...

Updated 22 Apr, 2024 04:06pm

Business & Economy

Aurangzeb says IMF ‘very receptive’ in agreeing to ‘larger, longer programme’: report

Federal Minister for Finance Muhammad Aurangzeb has said Pakistan is on track to secure a new deal with the...

Published 22 Apr, 2024 03:39pm

South Asia

Sri Lanka’s inflation drops to 2.5% in March

COLOMBO: Sri Lanka’s consumer price inflation dropped to 2.5% in March from 5.1% in February, official data showed...

Published 22 Apr, 2024 03:32pm

Stocks

Indian shares join global rebound as Middle East worries ease

BENGALURU: Indian shares closed higher on Monday, tracking a rebound in global markets due to easing worries over...

Published 22 Apr, 2024 03:28pm

Commodities

Palm oil snaps six-day losing streak on soyoil strength

SINGAPORE: Malaysian palm oil futures rebounded on Monday to snap a six-day decline to track higher soyoil prices,...

Published 22 Apr, 2024 03:24pm

Markets

EPCL suffers loss of Rs901mn in three months of 2024

Engro Polymers and Chemicals Limited (EPCL), a subsidiary of Engro Corporation Limited, sustained losses to the tune...

Published 22 Apr, 2024 02:52pm

Energy

First oil discovery made in Mari D&PL

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

Published 22 Apr, 2024 02:49pm

Currency

Sterling gains some traction after drop below $1.24

LONDON: The pound held steady against the dollar and nudged up against the euro on Monday, after hitting its weakest...

Published 22 Apr, 2024 02:48pm

Currency

South African rand slips in early trade

JOHANNESBURG: South Africa’s rand weakened slightly in early trade on Monday, as markets calmed after a week of...

Published 22 Apr, 2024 02:45pm

Stocks

Most Gulf markets gain on easing geopolitical tensions

Most major stock markets in the Gulf rose in early trade on Monday, on course to recover some recent losses, as...

Published 22 Apr, 2024 02:31pm

Stocks

London shares rebound as fears of wider Middle East conflict ebb

London stocks gained 1% on Monday, following last week’s sharp selloff, as fears of the Middle East crisis...

Published 22 Apr, 2024 02:29pm

Stocks

Europe’s STOXX edges higher with bank earnings in focus; Galp glows

European shares edged higher on Monday with investors bracing for earnings reports from several big banks later in...

Published 22 Apr, 2024 02:26pm

Movies & Music

Deepfakes of Bollywood stars spark worries of AI meddling in India election

MUMBAI: In fake videos that have gone viral online, two of India’s A-lister Bollywood actors are seen criticizing...

Updated 22 Apr, 2024 02:24pm

South Asia

Iran says nuclear weapons have no place in its nuclear doctrine

DUBAI: Nuclear weapons have no place in Iran’s nuclear doctrine, the country’s foreign ministry said on Monday, days...

Published 22 Apr, 2024 02:23pm

Middle East

Two injured in Jerusalem car ramming attack: police

JERUSALEM: Two civilians were injured in a car ramming attack in Jerusalem on Monday morning, the Israeli police...

Published 22 Apr, 2024 02:10pm

Stocks

Hong Kong shares jump on policy support; China slips

SHANGHAI: Hong Kong stocks jumped on Monday, as investors found comfort in China securities regulator’s decision to...

Updated 22 Apr, 2024 02:16pm

Middle East

Israel army says military intelligence chief resigns over October 7 Hamas attack

JERUSALEM: The Israeli military said on Monday the chief of its intelligence directorate has resigned after taking...

Published 22 Apr, 2024 02:01pm

Arts

Venice’s 60th Biennale opens on humanity and the fragile planet

VENICE: Venice’s 60th Biennale international art show has opened its doors, exploring humankind’s relationship with...

Published 22 Apr, 2024 01:52pm

Arts

Egypt reclaims 3,400-year-old stolen statue of King Ramses II

CAIRO: Egypt welcomed home a 3,400-year-old statue depicting the head of King Ramses II after it was stolen and...

Published 22 Apr, 2024 01:25pm

Europe

Belgian foreign minister: New Iran sanctions should include Revolutionary Guards

PARIS: New European Union sanctions against Iran in response to the country’s recent attack on Israel should include...

Published 22 Apr, 2024 01:12pm

Europe

World Bank financing arm IFC plans $1.9bn in Ukraine investments

WASHINGTON: The World Bank’s private investment arm expects to finance $1.9 billion in projects in Ukraine over the...

Published 22 Apr, 2024 01:02pm

South Asia

North Korea fires missile off east coast, South Korea, Japan say

SEOUL: North Korea fired “several” ballistic missiles on Monday toward the sea off its east coast, South Korea’s...

Published 22 Apr, 2024 12:53pm

Stocks

South Korean shares gain more than 1% in ‘value-up’ rally

KOSPI closed up 37.58 points, or 1.45%, at 2,629.44

Updated 22 Apr, 2024 12:49pm

Stocks

Japan’s Nikkei ends 1% higher after sharp fall; chip-related shares weigh

TOKYO: Japan’s Nikkei share average rose on Monday, recouping some of the previous session’s sharp losses, although...

Updated 22 Apr, 2024 12:18pm

Stocks

Miners, financials lift Aussie shares, inflation data eyed

Australian shares ended higher on Monday, led by miners and financials, amid fading worries over escalating tensions...

Updated 22 Apr, 2024 12:15pm

Europe

Russia should confiscate Western assets now after US move, top lawmaker says

MOSCOW: Russia now has grounds to confiscate Western assets after the US House of Representatives passed legislation...

Published 22 Apr, 2024 11:35am

Commodities

Palm oil surrenders gains amid higher expected production, weaker oil

SINGAPORE: Malaysian palm oil futures erased early gains on Monday and were set for a seven-session decline as...

Published 22 Apr, 2024 11:22am

Financial

JGB yields rebound as fears of wider Iran-Israel conflict ebb

TOKYO: Japanese government bond (JGB) yields rose on Monday as fears of further escalation in the Middle East...

Published 22 Apr, 2024 11:18am

Movies & Music

Taylor Swift, tortured poet, exorcises demons with new double album

NEW YORK: Taylor Swift’s hotly anticipated “The Tortured Poets Department” is here along with a surprise second...

Published 22 Apr, 2024 11:14am

South Asia

First Iran group in nine years heads to Saudi Arabia for umrah pilgrimage

DUBAI: The first group of Iranian pilgrims in nine years made its way to Saudi Arabia on Monday for the Umrah,...

Published 22 Apr, 2024 11:06am

Sports

Rybakina delighted by consistency after Stuttgart win

World number four Elena Rybakina said she was pleased with the consistency she has shown in recent months after...

Published 22 Apr, 2024 10:54am

Commodities

Japan rubber futures rise on higher equities, tepid yen

SINGAPORE: Japanese rubber futures edged higher on Monday as stronger domestic equities boosted investor confidence...

Published 22 Apr, 2024 10:28am

Stocks

Asia stocks edge up, oil and gold retreat on tempered Mideast fears

TOKYO: Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict...

Published 22 Apr, 2024 10:24am

Commodities

Iron ore inches lower amid waning China stimulus hopes, high portside stocks

BEIJING: Iron ore futures prices ticked down on Monday, weighed down by diminishing hopes of more stimulus in top...

Published 22 Apr, 2024 10:15am

Forex

Australia, NZ dollars get much needed relief as risk rebounds, bonds retreat

SYDNEY: The Australian and New Zealand dollars got a much needed lift on Monday as fears of a major escalation in...

Published 22 Apr, 2024 10:11am

Currency

China’s yuan weakens to five-month low as dollar stays strong

SHANGHAI: China’s yuan weakened to five-month lows on Monday against the dollar, which was propped up by safe-haven...

Published 22 Apr, 2024 10:07am

Currency

Indian rupee ticks up on foreign banks’ dollar sales; forward premiums slip

MUMBAI: The Indian rupee logged modest gains in early trading on Monday on dollar sales from foreign banks but...

Published 22 Apr, 2024 10:04am

Commodities

Gold edges down as rising bond yields dent appeal

Gold prices edged lower on Monday as higher U.S. Treasury yields weighed on dollar-priced bullion, while investors...

Published 22 Apr, 2024 10:00am

Commodities

Nickel at multi-month highs as talks of Chinese purchase fuel supply fears

BEIJING: Nickel prices climbed to multi-month highs on Monday, as market talks of China government’s plans to buy...

Published 22 Apr, 2024 09:55am

Stocks

Indian shares open higher as financials, metals gain

BENGALURU: Indian shares opened higher on Monday, tracking a rebound in Asian peers, led by gains in financial...

Published 22 Apr, 2024 09:46am

Forex

Currencies calm but cautious after a weary week

SINGAPORE: The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near...

Published 22 Apr, 2024 09:41am

IMF Executive board meetings scheduled till May 1: Pakistan not yet on the agenda

ISLAMABAD: The International Monetary Fund (IMF) has not yet included Pakistan on the agenda of its executive board...

Updated 22 Apr, 2024 09:26am

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Sans formal govt approval: CPPA-G expresses inability to supply power to RSEZ

ISLAMABAD: Central Power Purchasing Agency -Guaranteed (CPPA-G) has reportedly expressed its inability to supply...

Updated 22 Apr, 2024 09:24am

US aid shows Ukraine will not be ‘second Afghanistan’: Zelensky

WASHINGTON: The decision by the US House of Representatives to earmark $61 billion in long-delayed aid for Ukraine...

Updated 22 Apr, 2024 09:24am

By-elections: PML-N takes lead

KARACHI: The ruling Pakistan Muslim League-Nawaz (PML-N) has taken the lead in the by-polls held on nearly two dozen...

Updated 22 Apr, 2024 09:23am

BR Research

Transmission bottlenecks

It’s a well-established fact that the power grid supply is higher than the demand in Pakistan, and that is...

Published 22 Apr, 2024 09:09am

BR Research

KAPCO - profits despite no revenue

The Power Purchase Agreement (PPA) of Kot Addu Power Company Limited (PSX: KAPCO) expired in October 2022, which...

Published 22 Apr, 2024 09:06am

BR Research

Worldcall Telecom Limited

Worldcall Telecom Limited (PSX: WTL) is a public limited company incorporated in Pakistan in 2001. WTL commenced its...

Published 22 Apr, 2024 09:05am

Sustainable nitrogen management: Ministry decides to reach out to stakeholders

ISLAMABAD: Ministry of Climate Change and Environmental Coordination (MoCC&EC) has decided to consult...

Updated 22 Apr, 2024 09:00am

Crisis-Resilient Social Protection programme: World Bank to approve $270m additional financing next month

ISLAMABAD: The World Bank will provide additional financing of $ 270 million for Crisis-Resilient Social Protection...

Updated 22 Apr, 2024 09:00am

Khamenei praises ‘success’ of military after Israel attack

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei praised the country’s armed forces for their “success” in his...

Updated 22 Apr, 2024 08:59am

Raisi to arrive today amid ME tensions

ISLAMABAD: In a goodwill gesture to mend relations after tit-for-tat missile strikes in January this year, the...

Updated 22 Apr, 2024 08:58am

BR’s refresher: your morning briefing for the day

Important updates April 20, and April 21 2024

Published 22 Apr, 2024 08:33am

Details of security expenditure on 28 CPEC projects sought

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (MoPD&SI) has sought details of security...

Updated 22 Apr, 2024 08:29am

Opinion

It’s about time MPC revisited its policy stance

The monetary policy committee is meeting next Monday. In the last review, two out of ten members voted for a rate ...