News Archives for Latest - 2024-04-24

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Archive - 2024-04-24

Pakistan

By-polls: FAFEN says nearly 36pc voters cast their votes

ISLAMABAD: The Free and Fair Election Network (FAFEN) has observed that overall results of the by-elections on April...

Updated 25 Apr, 2024 12:09am

South Asia

Joint statement: Iran, Pakistan urge UN Security Council to take action against Israel

ISLAMABAD: Iran and Pakistan called on the United Nations Security Council in a joint statement issued on Wednesday...

Updated 24 Apr, 2024 11:45pm

Pakistan

3.2 magnitude earthquake hits parts of Karachi

Depth of the earthquake was 12 kilometres

Updated 24 Apr, 2024 11:44pm

Forex

Rupee remains largely stable against US dollar

Currency settles at 278.39 against greenback in inter-bank market

Updated 24 Apr, 2024 10:37pm

Commodities

Gold price per tola increases Rs1,100 in Pakistan

Gold prices in Pakistan were back to winning ways on Wednesday in line with the increase in the international rate....

Updated 24 Apr, 2024 10:32pm

Business & Economy

IMF Executive Board to meet April 29 on Pakistan’s SBA

Approval will pave way for inflow of nearly $1.1bn

Updated 24 Apr, 2024 10:30pm

Stocks

Record closing again: KSE-100 rises nearly 1% to close above 72,000

Stocks have been on winning run on back of positive developments on economic front that have conveyed stability

Updated 24 Apr, 2024 10:18pm

Money & Banking

‘Strong performance’: Standard Chartered explains reason for increase in share price

Standard Chartered Bank (Pakistan) Limited (SCBPL), a subsidiary of Standard Chartered Plc, said on Tuesday that the...

Updated 24 Apr, 2024 10:16pm

World

Israel says ‘moving ahead’ with Rafah operation in Gaza

JERUSALEM: Israel said Wednesday it is “moving ahead” with its planned operation in the southern Gaza city of Rafah,...

Published 24 Apr, 2024 10:15pm

World

Biden says Israel must allow aid to Palestinians ‘without delay’

WASHINGTON: President Joe Biden on Wednesday demanded that new humanitarian aid be allowed to immediately reach...

Published 24 Apr, 2024 10:07pm

South Asia

India inspects plants of spice makers MDH, Everest over alleged contamination

BENGALURU: India is inspecting facilities of spice makers MDH and Everest for compliance with quality standards...

Published 24 Apr, 2024 09:46pm

Energy

Oil prices fall as US business activity cools, concerns over Middle East ease

NEW YORK: Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and...

Updated 24 Apr, 2024 09:31pm

Middle East

IMF launches regional office in Saudi capital Riyadh

DUBAI: The International Monetary Fund will open a new regional office in Saudi Arabia’s capital Riyadh, it said in...

Published 24 Apr, 2024 08:56pm

Perspectives

Iranian president’s visit: outcomes may be short of expectations, but exchange is significant

The visit of Iranian President Dr Seyyed Ebrahim Raisi to Pakistan has perhaps, partially repaired the trust that...

Published 24 Apr, 2024 08:44pm

Sports

Rizwan, Irfan to miss remainder of T20Is against New Zealand

Wicketkeeper-batter Mohammad Rizwan and middle-order batter Mohammad Irfan Khan have been ruled out of the remaining...

Published 24 Apr, 2024 08:35pm

Companies

NLC inks MoU with Hutchison Ports

To improve the quality of logistics services and develop supply chain synergies, National Logistics Corporation...

Published 24 Apr, 2024 08:35pm

Europe

Biden signs Ukraine aid, TikTok ban bills after Republican battle

WASHINGTON: President Joe Biden signed a hard-fought bill into law on Wednesday that provides billions of dollars of...

Published 24 Apr, 2024 08:25pm

Sports

Osaka seals first win on clay since 2022 in Madrid

MADRID: Naomi Osaka says she is “embracing the clay a lot more now” as she captured her first victory on the surface...

Published 24 Apr, 2024 08:17pm

Stocks

Tesla surges on new auto announcement, lifting Nasdaq

NEW YORK: Tesla shares rocketed higher early Wednesday, lifting the Nasdaq after the carmaker’s surprise...

Published 24 Apr, 2024 07:42pm

South Asia

Taliban join climate change talks for first time: organisers

KABUL: The Taliban government has entered its first talks with the United Nations, donors and non-governmental...

Published 24 Apr, 2024 07:40pm

Business & Economy

Extend handshake to all neighbours including India, suggests Arif Habib to PM Shehbaz

Also advises improving relations with 'resident' at Adiala Jail, in reference to Imran Khan

Updated 24 Apr, 2024 07:35pm

Middle East

UAE announces $544 million for repairs after record rains

DUBAI: The United Arab Emirates announced $544 million to repair the homes of Emirati families on Wednesday after...

Published 24 Apr, 2024 07:34pm

Sports

Kewell’s Yokohama beat Ulsan to reach Asian Champions League final

YOKOHAMA: Harry Kewell’s Yokohama F-Marinos set up an Asian Champions League final showdown with Al Ain after...

Published 24 Apr, 2024 07:01pm

Pakistan

President Zardari calls for stronger economic, cultural ties with China

President Asif Ali Zardari on Wednesday said that Pakistan and China enjoyed long-term strategic relations, which...

Published 24 Apr, 2024 06:58pm

Europe

Sunak, Scholz vow support for Ukraine for ‘as long as it takes’

BERLIN: The leaders of Britain and Germany pledged Wednesday to back Ukraine in its war with Russia for “as long as...

Published 24 Apr, 2024 06:54pm

Sports

Nadal will only play French Open if he can ‘compete well’

MADRID: Rafael Nadal said on Wednesday he will only play at the upcoming French Open if he feels “capable enough to...

Published 24 Apr, 2024 06:50pm

Pakistan

In visit to Karachi, PM Shehbaz tells CM Murad he is present at his ‘beck and call’

Chairs meeting at the CM House on his maiden visit to Karachi since assuming office in February

Updated 24 Apr, 2024 06:48pm

Companies

Pakistan Refinery suffers Rs1.24bn loss in 3QFY24

Hit by lower revenue and high cost of sales, Pakistan Refinery Limited (PRL), a subsidiary of Pakistan State Oil...

Updated 24 Apr, 2024 06:30pm

Middle East

Israel continues aggression in Gaza after US Congress approves military aid

GAZA STRIP: Israel pounded Gaza with air strikes and artillery fire as its aggression continued on Wednesday after...

Updated 24 Apr, 2024 05:43pm

Europe

Biden pledges swift weapons delivery to Ukraine

WASHINGTON: US President Joe Biden vowed to send fresh weapons to Ukraine within days as he prepared to sign on...

Published 24 Apr, 2024 05:41pm

Middle East

EU urges probe into reported mass graves at Gaza hospitals

BRUSSELS: The European Union on Wednesday backed a United Nations demand for an independent probe into the reported...

Published 24 Apr, 2024 05:24pm

Sports

Haaland ruled out of Man City’s crucial trip to Brighton

LONDON: Manchester City’s Premier League title bid has suffered a blow after Norway striker Erling Haaland was ruled...

Published 24 Apr, 2024 05:14pm

Money & Banking

Bank Alfalah’s profit falls 8% in 1QCY24, clocks in at Rs9.93bn

Despite higher net income, Bank Alfalah saw its profit fall to Rs9.93 billion during the quarter ended March 31,...

Published 24 Apr, 2024 04:31pm

Movies & Music

Malala called ‘sell-out’, criticised for collaborating with Hillary Clinton

Education activist and producer Malala Yousafzai came under heavy criticism for collaborating with former Secretary...

Published 24 Apr, 2024 04:16pm

Travel

Need a US hotel for Graduation Day? Good luck

NEW YORK: If you think getting tickets to a Taylor Swift concert or the World Series is tough, try booking a hotel...

Published 24 Apr, 2024 04:03pm

BR Research

Hope springs eternal, as do false promises

The thing about economic indicators is they can tell whatever story the narrator wishes to sell. A quick look at...

Updated 24 Apr, 2024 03:54pm

Energy

Spotlight: Iran-Pakistan gas pipeline and some key facts

KARACHI: Iranian President Ebrahim Raisi’s visit to Pakistan this week put the spotlight on a major gas pipeline...

Published 24 Apr, 2024 03:42pm

Movies & Music

John Lennon’s lost 1960s acoustic guitar to go up for auction

LONDON: A previously lost 12-string acoustic guitar that belonged to the late John Lennon will go up for sale at an...

Published 24 Apr, 2024 03:22pm

Stocks

China stocks track global peers higher as investors gauge US rate outlook

SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by...

Published 24 Apr, 2024 02:41pm

South Asia

Iran ready to forge stronger ties with Sri Lanka, Raisi says

COLOMBO: Iran is ready to strengthen ties with Sri Lanka and other Asian countries, its president, Ebrahim Raisi,...

Updated 24 Apr, 2024 02:36pm

Currency

South African rand little changed in early trade

JOHANNESBURG: South Africa’s rand was little changed in early trade on Wednesday, after making modest gains the...

Published 24 Apr, 2024 01:32pm

Currency

Russian rouble strengthens to more than two-week high vs dollar

MOSCOW: The Russian rouble strengthened to a more than two-week high against the U.S. dollar on Wednesday. By 0733...

Published 24 Apr, 2024 01:29pm

Stocks

European shares flat, with focus on mixed bag of earnings

European shares were little changed in early trading on Wednesday as gains in technology stocks were offset by...

Published 24 Apr, 2024 01:18pm

Stocks

FTSE 100 extends record run on earnings optimism

Britain’s FTSE 100 index extended its record run on Wednesday as a strong earnings update from Reckitt Benckiser and...

Published 24 Apr, 2024 01:16pm

Middle East

Israeli media predict offensive in Gaza’s Rafah soon

JERUSALEM: Israel is poised to send troops into Rafah, the Gazan city it sees as the last bastion of Hamas, Israeli...

Published 24 Apr, 2024 12:28pm

Stocks

South Korean shares post biggest daily gain in a month on chip, battery rally

KOSPI closed up 52.73 points, or 2.01%, at 2,675.75

Updated 24 Apr, 2024 12:16pm

Stocks

Australia shares end flat as inflation data ends rate-cut hopes

Australian shares ended flat on Wednesday, as gains in financials and gold stocks were offset by losses in the...

Updated 24 Apr, 2024 12:13pm

Stocks

Tokyo stocks end sharply higher

TOKYO: Tokyo stocks ended sharply higher on Wednesday after Wall Street rose for a second straight session on good...

Updated 24 Apr, 2024 12:01pm

Commodities

Gold prices rangebound as traders focus on US economic data

Gold prices crept higher on Wednesday but were stuck in a narrow range as investors looked to U.S. economic data for...

Published 24 Apr, 2024 11:25am

Commodities

Palm oil higher on hotter weather, stronger rivals

SINGAPORE: Malaysian palm oil futures rose for a third consecutive session on Wednesday amid hotter weather in the...

Published 24 Apr, 2024 11:08am

Currency

Australian dollar jumps, bonds slump as markets say goodbye to rate cuts

SYDNEY: The Australian dollar jumped on Wednesday while bonds tumbled by the most in 10 months as a hot reading on...

Published 24 Apr, 2024 11:05am

Expenditure cut steps likely in FY25 budget

Government is likely to announce measures in budget 2024-25 aimed at reducing expenditure massively including contributory pension scheme sans defence, civil armed forces and police

Updated 24 Apr, 2024 11:01am

USA

Bill to ban TikTok in US clears Congress

WASHINGTON: The US Senate on Tuesday approved legislation requiring the wildly popular social media app TikTok to be...

Published 24 Apr, 2024 10:47am

Middle East

Gaza protests grow at US colleges, thousands demonstrate in Brooklyn

NEW YORK: Protests against Israel filled streets in Brooklyn and escalated at universities across the United States,...

Updated 24 Apr, 2024 10:44am

Europe

Zelensky thanks US Senate for approving Ukraine aid

KYIV: Ukrainian President Volodymyr Zelensky on Wednesday thanked the US Senate for approving a $61 billion aid...

Published 24 Apr, 2024 10:43am

Middle East

Israel thanks US Senate for approving military aid

JERUSALEM: Israel’s foreign minister on Wednesday thanked the US Senate for approving $13 billion in military aid...

Published 24 Apr, 2024 10:30am

South Asia

Blinken due in China seeking pressure but also stability

SHANGHAI: US Secretary of State Antony Blinken was due in China on Wednesday as the United States ramps up pressure...

Published 24 Apr, 2024 10:38am

Stocks

Asian shares rise on tech boost; yen on intervention watch

SINGAPORE: Asian stocks rose on Wednesday, tracking Wall Street, as an after-hours surge in shares of EV maker Tesla...

Published 24 Apr, 2024 09:46am

Commodities

Iron ore rebounds to over six-week high on renewed China demand hopes, lower shipments

BEIJING: Iron ore futures prices rebounded on Wednesday to their highest level in over six weeks, aided by renewed...

Published 24 Apr, 2024 09:57am

Europe

NATO drills in Finland are provocative, Russia’s foreign ministry says

NATO exercises starting on April 26 in Finland and in close proximity to the Russian-Finnish border are provocative...

Published 24 Apr, 2024 09:54am

Financial

Indian bond yields seen consolidating after two-day decline

MUMBAI: Indian government bond yields are expected to consolidate on Wednesday, after easing in the first two...

Published 24 Apr, 2024 09:50am

Forex

Indian rupee likely to inch higher at open tracking Asian peers

MUMBAI: The Indian rupee is likely to open slightly higher on Wednesday, aided by an uptick in its Asian peers, but...

Published 24 Apr, 2024 09:48am

Stocks

Indian shares inch up, led by metals and auto stocks

BENGALURU: Indian shares inched higher on Wednesday, led by gains in metals and auto stocks, with the focus on...

Published 24 Apr, 2024 09:36am

Commodities

London copper in tight range as weak China demand, supply woes weigh

BEIJING: London copper traded within a tight range on Wednesday, as a recent rally in prices dampened consumption in...

Published 24 Apr, 2024 09:34am

Forex

Dollar droops, Aussie jumps after inflation data

TOKYO: The dollar nursed its wounds on Wednesday following big tumbles against the euro and sterling, but the yen...

Published 24 Apr, 2024 09:29am

PM suspends CCIR for ‘deliberate delay in tax cases’

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday suspended Chief Commissioner-Inland Revenue (IR), Large...

Updated 24 Apr, 2024 09:25am

Iran says ready to expand energy cooperation

LAHORE: Commending Pakistan’s principle stance on the situation in Gaza, Iranian President Dr Seyyed Ebrahim Raisi...

Updated 24 Apr, 2024 09:25am

US State Dept presents grim picture of rights abuses

ISLAMABAD: A 2023 Country Reports on Human Rights Practices by the US State Department presented a grim picture of...

Updated 24 Apr, 2024 09:24am

Supertax on rich: SC concerned at ‘no final decision’ by high courts

ISLAMABAD: The Supreme Court expressed concern over no final decision by high courts on supertax on high-earning...

Updated 24 Apr, 2024 09:24am

Missing persons’ cases relate to executive function: Tarar

ISLAMABAD: Forced disappearance of individuals or missing persons’ cases are matters related to executive function,...

Updated 24 Apr, 2024 09:05am

Industries: There’s need for improving ‘energy equation’: Aurangzeb

ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Tuesday maintained there is a dire need for improving...

Updated 24 Apr, 2024 09:04am

IK rejects reports of any deal with powers that be

ISLAMABAD: The incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Tuesday, rejected the...

Updated 24 Apr, 2024 09:02am

Ahead of PM’s visit to KSA: SIFC ‘striving’ to resolve KE’s issues

ISLAMABAD: The Special Investment Facilitation Council (SIFC) is reportedly endeavouring to find ways to resolve...

Updated 24 Apr, 2024 09:02am

Meddling in judicial affairs in future: IHC judges decide to give ‘institutional response’

ISLAMABAD: The Islamabad High Court (IHC) judges, unanimously, decided to give an institutional response in case of...

Updated 24 Apr, 2024 09:01am

Business & Finance

Jul-Mar borrowing stands at $6.899bn

ISLAMABAD: The country borrowed $6.899 billion from multiple financing sources during the first nine months...

Updated 24 Apr, 2024 09:00am

BR’s refresher: your morning briefing for the day

Important updates from April 23, 2024

Published 24 Apr, 2024 08:59am

BR Research

FDI – more of the same

The investment climate in the country is in shambles; and for years the efforts by the authorities have not yielded...

Published 24 Apr, 2024 07:30am

BR Research

Husein Industries Limited

Husein Industries Limited (PSX: HUSI) was incorporated in Pakistan as a public limited company by the name of Husein...

Published 24 Apr, 2024 07:20am

Opinion

Reimagining corporate affairs

The outside department. The palm greasers. The scam controllers. The ghost busters. These were some informal...