News Archives for Latest - 2024-04-23

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Archive - 2024-04-23

World

Rescuers say Israeli strike kills two Lebanese civilians, including child

BEIRUT: Local rescuers and official media said an Israeli strike killed a woman and a girl from the same family on...

Updated 24 Apr, 2024 01:09am

World

Rafah evacuations not ‘possible’ under current conditions: Red Cross

DUBAI: Humanitarian workers have no knowledge of plans to evacuate Palestinians from Gaza’s southernmost city ahead...

Published 23 Apr, 2024 11:07pm

World

US sanctions four over ‘malicious cyber activity’ for Iran’s military

WASHINGTON: The US ramped up its sanctions against Iran on Tuesday, designating four people and two companies it...

Published 23 Apr, 2024 10:59pm

Perspectives

Ivy Leagues, so-called ‘anti-semitism’ and the US

American higher learning institutions are at an inflection point. Last week, prestigious Columbia University – the...

Updated 23 Apr, 2024 10:54pm

Pakistan

Iranian President Raisi, Sindh Chief Minister discuss bilateral economic opportunities

CM Shah says the two countries passing through an important period in history

Updated 23 Apr, 2024 10:42pm

Middle East

No let-up on 200th day of Israeli aggression

GAZA STRIP: The Israeli aggression in its retaliation against Hamas entered its 200th day on Tuesday with fears...

Updated 23 Apr, 2024 09:30pm

Europe

US preparing $1 billion weapons package for Ukraine, officials say

WASHINGTON: The United States is preparing a $1 billion military aid package for Ukraine, the first to be sourced...

Published 23 Apr, 2024 09:22pm

Technology

Microsoft launches lightweight AI model

Microsoft on Tuesday launched a lightweight artificial intelligence model, as it looks to attract a wider client...

Published 23 Apr, 2024 09:20pm

Stocks

UK’s FTSE 100 hits record peak; Associated British Foods surges

Britain’s blue-chip share index cruised to record highs on Tuesday helped by a weaker pound and positive corporate...

Published 23 Apr, 2024 09:17pm

Stocks

PSX formally marks listing of Mahaana Islamic Index ETF in gong ceremony

KARACHI: The Pakistan Stock Exchange (PSX) hosted a gong ceremony to celebrate the listing of the Mahaana Islamic...

Published 23 Apr, 2024 09:10pm

Asia

China issues highest-level rainstorm warning after deadly floods

QINGYUAN: More than 100,000 people have been evacuated due to heavy rain and fatal floods in southern China, with...

Published 23 Apr, 2024 08:57pm

USA

Tensions flare at US universities over pro-Palestinian protests

NEW YORK: Tensions flared between pro-Palestinian student protesters and school administrators at several US...

Updated 23 Apr, 2024 08:47pm

Commodities

Gold price per tola falls massive Rs7,800 in Pakistan

Gold prices in Pakistan extended their downturn on Tuesday in line with a decline in the international rate. In the...

Updated 23 Apr, 2024 08:46pm

Energy

Pakistan refiners warn $6bn upgrades at risk due to fuel price deregulation plan

KARACHI: Pakistan's plans to deregulate fuel prices could lead refiners to halt planned upgrades worth up to $6...

Updated 23 Apr, 2024 08:45pm

Europe

Sunak vows more spending for UK defence in 'dangerous world'

WARSAW: Prime Minister Rishi Sunak said on Tuesday he would lift defence spending to 2.5% of GDP to reach 87 billion...

Updated 23 Apr, 2024 08:44pm

Forex

Yen tumbles vs euro, US dollar as markets on alert for Japan intervention

LONDON/NEW YORK: The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors...

Published 23 Apr, 2024 08:35pm

Energy

Oil falls back after robust EU data as Mideast tensions linger

Oil prices slipped on Tuesday after a short-lived boost from stronger economic data out of Europe as the market...

Updated 23 Apr, 2024 08:23pm

Stocks

US stocks rise on mostly solid earnings

NEW YORK: Wall Street stocks climbed early Tuesday following a wave of mostly solid earnings from General Motors,...

Published 23 Apr, 2024 07:20pm

Sports

Liverpool’s Klopp counts on cool heads and fresh legs to win Merseyside derby

LIVERPOOL: Cool heads and fresh legs will hopefully help Liverpool win at Everton on Wednesday, but they will have...

Published 23 Apr, 2024 07:01pm

Stocks

KSE-100 edges lower in range-bound session

The Pakistan Stock Exchange (PSX) witnessed a range-bound session on Tuesday, as its benchmark KSE-100 Index closed...

Updated 23 Apr, 2024 06:49pm

Business & Economy

Aurangzeb expects central bank reserves to be $9-10bn by FY24-end

Finance minister sees FY24 economic growth at 2.6%, higher than expectations of IMF and World Bank

Updated 23 Apr, 2024 06:46pm

Forex

Rupee remains largely stable against US dollar

Currency settles at 278.38 against the greenback in inter-bank market

Updated 23 Apr, 2024 06:36pm

Pakistan

2nd day of visit: Iran President Raisi highlights 'special connection' with Pakistanis on his arrival in Lahore

Iranian President Ebrahim Raisi on Tuesday highlighted a “special connection” with the people of Pakistan as he...

Updated 23 Apr, 2024 06:24pm

Sports

Ten Hag says reaction to Man Utd FA Cup win a ‘disgrace’

LONDON: Erik ten Hag says the media reaction to Manchester United’s performance in the FA Cup semi-final against...

Published 23 Apr, 2024 06:10pm

Middle East

Hamas to stay in Doha if ‘useful’ for Gaza war mediation: Qatar

DOHA: Qatar said on Tuesday that Hamas’s political leadership would stay in Doha as long as their presence remained...

Published 23 Apr, 2024 06:08pm

Middle East

Lebanon's Hezbollah launches deepest attack into Israel since Gaza war

DUBAI: Lebanon’s Iran-backed Hezbollah group said on Tuesday it had launched a drone attack against Israeli military...

Published 23 Apr, 2024 05:50pm

Sports

Luis Enrique wants to ‘mark history’ with PSG treble

PARIS: Paris Saint-Germain coach Luis Enrique said Tuesday he was chasing history as the club bid for the treble of...

Published 23 Apr, 2024 06:00pm

Asia

Asia hit hardest by climate, weather disasters in 2023: UN

GENEVA: Asia was the world’s most disaster-hit region from climate and weather hazards in 2023, the United Nations...

Published 23 Apr, 2024 05:24pm

Sports

Seven-team President’s Cup to begin from Wednesday

Pakistan Cricket Board (PCB) on Tuesday announced the schedule for the President’s Cup one-day tournament....

Published 23 Apr, 2024 05:10pm

Commodities

Wheat extends rally as US crop rating fall keeps weather in focus

PARIS/SINGAPORE: Chicago wheat extended gains on Tuesday to a new two-month peak as a sharp decline in US winter...

Published 23 Apr, 2024 04:51pm

Commodities

Palm oil rises on poor weather, exports recovery and stronger rivals

SINGAPORE: Malaysian palm oil futures extended gains on Tuesday amid hot weather in key producer Malaysia, with...

Published 23 Apr, 2024 03:42pm

Technology

Adobe to bring full AI image generation to Photoshop this year

Adobe said on Tuesday it plans to place a tool for full artificial intelligence image generation in its Photoshop...

Published 23 Apr, 2024 03:39pm

Companies

Fauji Cement’s earnings down to Rs1.77bn in January-March 2024

Fauji Cement’s profit-after-tax amounted to Rs1.77 billion, a decrease of 6%, during the third quarter of FY24 that...

Published 23 Apr, 2024 03:29pm

South Asia

China, US relations stable despite US ‘interference’, Chinese official says

BEIJING: Relations between Beijing and Washington are stabilising despite US actions that harm Chinese interests, a...

Published 23 Apr, 2024 03:22pm

Forex

Kenyan shilling inches lower on FX demand across the board

NAIROBI: The Kenyan shilling inched lower against the U.S. dollar on Tuesday, under pressure from hard-currency...

Published 23 Apr, 2024 03:05pm

Middle East

UAE and Oman sign deals worth $35bn on state visit

DUBAI: Emirati and Omani companies have signed deals worth 129 billion dirhams ($35.12 billion) in sectors including...

Published 23 Apr, 2024 03:03pm

Stocks

China stocks dragged down by cyclical shares; HK shares up

SHANGHAI: China stocks closed down on Tuesday, dragged lower by cyclical shares such as metals, while technology...

Updated 23 Apr, 2024 02:54pm

Middle East

Source close to Hezbollah says fighter killed in Israel strike

BEIRUT: A source close to Hezbollah said an Israeli strike deep into Lebanon killed a fighter of the Hezbollah on...

Published 23 Apr, 2024 02:49pm

Stocks

Techs boost STOXX to one-week high; euro zone data on tap

European stocks scaled on Tuesday to their highest levels in more than a week, driven by the technology sector as...

Published 23 Apr, 2024 02:03pm

Stocks

Major Gulf markets gain as geopolitical concerns ease

Major stock markets in the Gulf rose in early trade on Tuesday, on course to recover some losses as fears of wider...

Published 23 Apr, 2024 02:00pm

Stocks

UK’s FTSE 100 hits record peak on weaker pound; Associated British Foods surges

The UK’s blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate...

Published 23 Apr, 2024 01:58pm

Europe

Russia warns Europe: if you take our assets, we have a response that will hurt

MOSCOW: An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to...

Published 23 Apr, 2024 01:48pm

Technology

Tech and crypto: Dubai attracts 9 MNCs with market value of $82bn

Dubai Chamber of Digital Economy revealed that the combined market value of the nine multinational companies (MNCs)...

Updated 23 Apr, 2024 01:29pm

Companies

Netflix rival Viaplay’s organic sales growth slows in Q1

Swedish video streaming company Viaplay’s organic sales grew by 5.6% in its core operations in the first quarter of...

Published 23 Apr, 2024 01:16pm

Financial

Abu Dhabi starts selling three-part benchmark debt

The Emirate of Abu Dhabi has started selling its triple-tranche benchmark debt, fixed income news service IFR...

Published 23 Apr, 2024 12:56pm

Stocks

South Korean shares end lower as battery makers drag

KOSPI closed down 6.42 points, or 0.24%, at 2,623.02

Published 23 Apr, 2024 12:50pm

Commodities

Japan rubber futures reverse two-day climb on automobile price wars

SINGAPORE: Japanese rubber futures reversed a two-day climb to close lower on Tuesday as automobile price wars and...

Published 23 Apr, 2024 12:41pm

Stocks

Japan’s Nikkei rises but US earnings caution caps gains

TOKYO: Japan’s Nikkei share average rose on Tuesday, buoyed by Wall Street’s rally overnight, although concerns...

Updated 23 Apr, 2024 12:31pm

Stocks

Australian shares lifted by financials, easing Middle East conflict fears

Australian shares extended gains on Tuesday, as gains in heavyweight financials overshadowed a drop in miners due to...

Updated 23 Apr, 2024 12:29pm

Opinion

PSX – a historical perspective

Pakistan Stock Exchange (PSX) is the national stock exchange of Pakistan. It was established with the name of...

Updated 23 Apr, 2024 12:01pm

Forex

China’s yuan slides to 5-month low after weaker fixing from PBOC

SHANGHAI: China’s yuan weakened slightly against the dollar on Tuesday to a five-month low, after its central bank...

Published 23 Apr, 2024 11:29am

Commodities

Iron ore consolidates as investors struggle for clear direction in China

BEIJING: Iron ore futures prices were hemmed into a tight range on Tuesday, as investors and traders struggled to...

Published 23 Apr, 2024 11:26am

Commodities

Gold prices slip to 2-1/2-week low as Middle East tensions ease

Gold prices fell on Tuesday to their lowest levels in more than two weeks on easing concerns of an escalation in the...

Published 23 Apr, 2024 11:24am

Forex

Australian dollar grinds higher but inflation test looms

SYDNEY: The Australian dollar strengthened on Tuesday as risk appetite continued to recover from a frenetic flight...

Published 23 Apr, 2024 11:21am

Europe

Russian drone attack injures seven in Ukraine’s Odesa, officials say

Russia launched a drone attack on Ukraine that injured seven people in the Black Sea port of Odesa, two of them...

Published 23 Apr, 2024 11:13am

Commodities

Palm oil gains on poor weather, exports recovery and stronger rivals

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session on Tuesday amid hot weather in key...

Published 23 Apr, 2024 11:10am

Business & Finance

India’s April business growth at near 14-year high, PMIs show

BENGALURU: India’s business activity expanded at its fastest pace in nearly 14 years this month thanks to robust...

Published 23 Apr, 2024 11:06am

South Asia

Malaysian navy helicopters collide in mid-air, 10 killed

KUALA LUMPUR: Two Malaysian navy helicopters collided in mid-air during a rehearsal for a naval parade on Tuesday,...

Published 23 Apr, 2024 11:00am

South Asia

Iran’s foreign minister calls EU sanctions ‘regrettable’

DUBAI: European Union sanctions announced following Iran’s attack against Israel are “regrettable” because the...

Published 23 Apr, 2024 10:56am

Commodities

Base metals fall amid caution after strong price rallies

Prices of nonferrous metals fell on Tuesday as traders and investors in Asia exercised caution following sessions of...

Published 23 Apr, 2024 10:49am

Stocks

Asian shares extend gains ahead of tech earnings, yen fragile

SYDNEY: Asian shares extended gains on Tuesday, taking cues from Wall Street as focus shifts to earnings results...

Published 23 Apr, 2024 10:46am

Forex

Indian rupee little changed, tracking mostly rangebound Asian peers

MUMBAI: The Indian rupee was largely unchanged on Tuesday, tracking the rangebound movement in its Asian peers and...

Published 23 Apr, 2024 10:42am

Stocks

Indian shares rise as global risk sentiment improves

BENGALURU: Indian shares rose on Tuesday, tracking a rebound in global markets as risk sentiment improved on easing...

Published 23 Apr, 2024 10:32am

Forex

Firm dollar turns up heat on yen, heightening intervention talk

TOKYO: A firm dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened...

Published 23 Apr, 2024 10:27am

BR Research

CA surplus – will it sustain?

The current account surprisingly posted a surplus of $619 million in March 24,which is the highest surplus since...

Updated 23 Apr, 2024 10:07am

Pakistan, Iran sign 8 agreements, MoUs: Trade volumes to be hiked to $10bn in 5 years

ISLAMABAD: Pakistan and Iran have agreed to increase the volume of bilateral trade to $10 billion in the next five...

Updated 23 Apr, 2024 09:46am

Business & Finance

Jul-Mar FDI inflows decline 10pc YoY

KARACHI: Inflows of Foreign Direct Investment (FDI) in the country declined by 10 percent during the first nine...

Updated 23 Apr, 2024 09:42am

Pakistan

‘Security reasons’: No media interaction with Raisi

ISLAMABAD: Iranian President Dr Ebrahim Raisi’s media interaction and planned reception got cancelled due to the...

Updated 23 Apr, 2024 09:26am

Shanghai Electric Power withdraws KE stake acquisition offer

KARACHI: Shanghai Electric Power Company withdrew its offer to acquire up to 66.4% of Pakistani power company...

Updated 23 Apr, 2024 09:07am

Chronic power defaulters: Govt faces challenging task of over Rs1trn recovery

ISLAMABAD: The federal government has the challenging task of recovering the huge amount of over Rs1 trillion from...

Updated 23 Apr, 2024 09:02am

Non-exporters: FBR issuing urgent alert to check misuse of CNICs/NTNs

ISLAMABAD: The Federal Board of Revenue (FBR) is issuing an urgent alert to the Customs field formations to check...

Updated 23 Apr, 2024 08:54am

Pakistan

Pakistan, Iran agree to ban terrorist organisations

ISLAMABAD: Pakistan and Iran on Monday decided in principle to ban terrorist organizations in their respective...

Updated 23 Apr, 2024 08:46am

Guided by SIFC: Power Division updated on NPGCL-Ningbo pact

ISLAMABAD: Chief Executive Officer (CEO), Northern Power Generation Company (NPGCL) has shared detailed background...

Updated 23 Apr, 2024 08:45am

BR Research

Load-shedding: Hiding the inefficiencies

Pakistan once had so much capacity constraints that electricity load shedding was the only way out, a decade ago....

Published 23 Apr, 2024 08:40am

Pakistan ‘highly vulnerable’ to impacts of climate change: WB

ISLAMABAD: The World Bank has warned that Pakistan is highly vulnerable to the impacts of climate change, with...

Updated 23 Apr, 2024 08:37am

BR Research

Avanceon Limited

Avanceon Limited (PSX: AVN) was incorporated in Pakistan as a private limited company in 2003 and was converted into...

Published 23 Apr, 2024 08:37am

BR’s refresher: your morning briefing for the day

Important updates from April 22, 2024

Published 23 Apr, 2024 08:28am

Business & Finance

TIP slams NTDC for not awarding it contract

ISLAMABAD: Telephone Industries of Pakistan (TIP), an arm of the Ministry of Defence Production (MoDP), criticised...

Updated 23 Apr, 2024 08:27am

SECP imposes some curbs on modaraba companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has imposed some restrictions on the modaraba...

Updated 23 Apr, 2024 08:17am

Stocks

Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?

Regulator, which issued a press release last week detailing its account of the complaint, had not named the entity or the individuals involved

Published 23 Apr, 2024 06:00am

Opinion

Pakistan’s debt dilemma: navigating turbulent waters

In the intricate fabric of Pakistan’s economic landscape, a daunting debt crisis casts a long shadow, threatening...