News Archives for Latest - 2024-04-25

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Sports

Clinical New Zealand outlast Pakistan to win 4th T20I

LAHORE: Experienced all-rounder Jimmy Neesham kept his cool to defend six off the last ball to clinch a four-run...

Updated 26 Apr, 2024 12:55am

World

Zelenskiy thanks Johnson, Schumer for helping get US aid bill passed

President Volodymyr Zelenskiy expressed his gratitude on Thursday for the U.S. aid bill for Ukraine during calls...

Published 25 Apr, 2024 11:17pm

Forex

RDA inflow registers significant growth of 29%, clocks in at $182mn in March

SBP data conveys total number of RDA accounts opened reached 679,792 from 668,701 a month ago

Updated 25 Apr, 2024 10:40pm

Stocks

KSE-100 retreats after positive start, closes below 72,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index retreated after a positive start on Thursday, as...

Updated 25 Apr, 2024 10:36pm

Pakistan

Pakistan rejects 2023 Country Report on Human Rights by US

FO says contents of report unfair and based on inaccurate information about Pakistan

Published 25 Apr, 2024 10:29pm

Markets

The Organic Meat Company secures another $4mn export contract to UAE firm

Pakistani meat processor The Organic Meat Company Limited (TOMCL) said it has secured another multi-million dollar...

Updated 25 Apr, 2024 10:29pm

Europe

Ukraine, Russia exchange fire, at least seven dead

MOSCOW: Ukraine and Russia exchanged drone and artillery fire on Thursday, leaving at least seven dead and more than...

Published 25 Apr, 2024 10:29pm

Europe

UK slaps fresh sanctions on Iran after Israel attack

LONDON: The UK on Thursday joined the United States and Canada in announcing a fresh set of sanctions against Iran’s...

Published 25 Apr, 2024 10:23pm

Pakistan

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Chief Justice of Pakistan (CJP) Justice Qazi Faez Isa said on Thursday that he hasn’t received any complaints of...

Updated 25 Apr, 2024 10:20pm

Forex

SBP-held foreign exchange reserves fall just below $8bn

Central bank attributes decrease in reserves to external debt repayments

Updated 25 Apr, 2024 10:19pm

Pakistan

Security forces kill three terrorists in Khyber district

Security forces on Thursday killed three terrorists in an intelligence-based operation (IBO) in the Khyber district...

Updated 25 Apr, 2024 10:08pm

Exchange

Rupee sustains minor loss against US dollar

Currency settles at 278.48 in inter-bank market

Updated 25 Apr, 2024 09:59pm

Pakistan

Tax evasion, non-compliance: SRB seals Sajjad Restaurant at Do Darya, Karachi

The Sindh Revenue Board (SRB) has sealed the premises of Sajjad Restaurant located at Do Darya, Karachi over tax...

Updated 25 Apr, 2024 09:57pm

Markets

Share acquisition: Thal Limited to commence talks with SECMC stakeholders

Thal Limited (THALL) has decided to engage in discussions with the Pakistani shareholders of Sindh Engro Coal Mining...

Updated 25 Apr, 2024 09:47pm

Stocks

Engro Corp’s profit up 18%, clocks in at Rs10.4bn in 1QCY24

Pakistani conglomerate Engro Corporation Limited (ENGRO) posted a consolidated profit-after-tax (PAT) of Rs10.38...

Updated 25 Apr, 2024 09:35pm

Europe

Putin says plans to visit China in May

MOSCOW: Russian President Vladimir Putin said Thursday he plans to visit China in May, in what would be his first...

Published 25 Apr, 2024 09:17pm

Europe

Denmark boosts Ukraine military aid by $630mn

COPENHAGEN: Denmark’s government said Thursday it was adding 4.4 billion kroner ($630 million) for military aid to...

Published 25 Apr, 2024 09:15pm

Energy

Oil eases on US fuel demand concerns

HOUSTON: Oil prices edged down on Thursday after slower economic growth in the first quarter added to concerns of...

Updated 25 Apr, 2024 09:13pm

Energy

Despite lower finance cost, National Refinery posts Rs2.87bn loss in 3QFY24

Despite higher revenues and lower finance cost, National Refinery Limited (NRL), the country’s only lube refinery,...

Updated 25 Apr, 2024 09:06pm

Sports

T20 World Cup 2024 trophy arrives in Pakistan

The trophy of the ICC T20 World Cup 2024 arrived in Islamabad on a three-day tour of Pakistan as part of its world...

Published 25 Apr, 2024 08:27pm

Stocks

US stocks tumble on growth data as Facebook parent Meta falls

NEW YORK: Wall Street stocks fell sharply early Thursday following disappointing US economic data and as Facebook...

Published 25 Apr, 2024 07:58pm

Sports

Saudi oil giant Aramco agrees major FIFA sponsorship deal

DHAHRAN: Saudi Arabia’s state oil giant Aramco and world football governing body FIFA on Thursday announced a major...

Published 25 Apr, 2024 07:53pm

Movies & Music

Harvey Weinstein’s conviction is overturned by top New York court

NEW YORK: New York’s highest court on Thursday overturned the 2020 sex crimes conviction of former Hollywood...

Published 25 Apr, 2024 06:51pm

Taxes

Pending litigation cases: nearly 80% amount with Appellate Tribunal, Collectors/Commissioners (Appeal)

Contrary to what authorities would have you believe, an amount of nearly Rs2.88 trillion remained stuck in the...

Published 25 Apr, 2024 06:57pm

USA

US economic growth slows significantly in first quarter

WASHINGTON: The US economy cooled markedly in the first three months this year, expanding less than anticipated as...

Published 25 Apr, 2024 06:45pm

Sports

President, fan support key in decision to stay: Barca coach Xavi

BARCELONA: Xavi Hernandez said Thursday he has decided to stay on as Barcelona coach for a “cocktail of reasons”,...

Published 25 Apr, 2024 05:56pm

Commodities

Gold price per tola increases Rs500 in Pakistan

Gold prices advanced in Pakistan on Thursday in line with the increase in the international rate. In the local...

Updated 25 Apr, 2024 05:46pm

Middle East

Ahead of feared Rafah invasion by Israel, Palestinians mourn those killed in bombardment

GAZA STRIP: Palestinians on Thursday mourned over people killed in Israeli bombardment of Rafah, the southern Gaza...

Published 25 Apr, 2024 05:24pm

Sports

Former Pakistan captain Bismah Maroof retires from all forms of cricket

Former Pakistan captain Bismah Maroof has announced her retirement from all forms of cricket with immediate effect....

Published 25 Apr, 2024 05:25pm

Middle East

Mideast tensions threaten global progress on inflation: World Bank

WASHINGTON: The ongoing tensions in the Middle East threaten to halt – or even reverse – some of the recent progress...

Published 25 Apr, 2024 05:24pm

South Asia

At least six killed in India hotel fire: police

PATNA: At least six people were killed in a fire that ripped through a hotel in eastern India on Thursday, police...

Published 25 Apr, 2024 05:14pm

South Asia

Bangladesh repatriates Myanmar troops after fighting on border

COX’S BAZAR: Bangladesh sent home nearly 300 Myanmar troops and civil servants on Thursday who fled across the...

Published 25 Apr, 2024 05:08pm

Sports

Nadal seeding for French Open not being considered, says Mauresmo

PARIS: Former world number Rafael Nadal is unlikely to be seeded at next month’s French Open, Roland Garros...

Published 25 Apr, 2024 04:59pm

Luxury

One event of Anant Ambani-Radhika Merchant wedding to take place in London: report

Anant Ambani – son of billionaire Mukesh Ambani – is set to tie the knot with Radhika Merchant, and one event of the...

Published 25 Apr, 2024 03:48pm

Forex

Indian rupee ends flat, forward premiums tick up as focus turns to US economic data

MUMBAI: The Indian rupee ended largely unchanged on Thursday, wedged between a decline in most of its Asian peers...

Published 25 Apr, 2024 03:29pm

Stocks

Post-results gains in Axis Bank, Nestle boost Indian shares

BENGALURU: Indian shares gained for a fifth consecutive session on Thursday, led by post-earnings gains in key...

Published 25 Apr, 2024 03:26pm

Companies

IPAK says it has become largest flexible packaging films manufacturer in Pakistan

QUAID-E-AZAM BUSINESS PARK (SPECIAL ECONOMIC ZONE), SHEIKHUPURA: International Packaging Films Limited (IPAK),...

Published 25 Apr, 2024 03:20pm

Luxury

Klimt’s ‘Portrait of Miss Lieser’ fetches $32mn at auction

VIENNA: Gustav Klimt’s ‘Portrait of Miss Lieser’, a painting of a young woman left unfinished when the Austrian...

Published 25 Apr, 2024 02:33pm

Movies & Music

Ambani’s JioCinema cuts subscription prices as India’s streaming war heats up

JioCinema, the streaming platform run by India’s Reliance Industries, on Thursday cut prices of its premium offering...

Updated 25 Apr, 2024 02:16pm

Stocks

Major Gulf markets edge higher on corporate earnings

Major stock markets in the Gulf inched up in early trade on Thursday as investors shifted focus to corporate...

Published 25 Apr, 2024 01:52pm

Stocks

Mainland China stocks rise as sentiment improves; Hong Kong ends at 5-month high

SHANGHAI: Mainland China stocks ended higher on Thursday and Hong Kong closed at a five-month high, as sentiment...

Updated 25 Apr, 2024 01:50pm

South Asia

Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons

KUALA LUMPUR: Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection...

Published 25 Apr, 2024 01:48pm

USA

93 arrested at LA university pro-Palestinian protest for trespassing

LOS ANGELES: Ninety-three people were arrested Wednesday at the University of Southern California’s Los Angeles...

Published 25 Apr, 2024 01:40pm

Europe

Ukraine drone kills two in frontline region, Russian official says

MOSCOW: A senior Russian proxy official in the occupied Ukrainian region of Zaporizhzhia said Thursday that two...

Published 25 Apr, 2024 01:34pm

Companies

Sanofi profit slips on generic competition and currency effects

Sanofi’s first-quarter operating income fell 14.7% as currency effects and cheap competition to its multiple...

Published 25 Apr, 2024 01:28pm

Middle East

UAE economy grew 3.3% in first nine months of 2023

DUBAI: The United Arab Emirates (UAE) economy grew 3.3% in the first nine months of 2023, preliminary GDP data from...

Published 25 Apr, 2024 01:21pm

Commodities

Japan rubber futures log third straight fall to close at seven-week low

SINGAPORE: Japanese rubber futures declined for a third straight session to close at a seven-week low on Thursday,...

Published 25 Apr, 2024 01:17pm

Europe

Ukraine’s Zelenskiy meets Britain’s Jeremy Hunt in Kyiv

KYIV: Ukrainian President Volodymyr Zelenskiy said on Thursday he met British finance minister Jeremy Hunt in Kyiv...

Published 25 Apr, 2024 01:13pm

Companies

AstraZeneca leaps after smashing first quarter forecasts

AstraZeneca sailed past market expectations for quarterly revenue and profit on Thursday, boosted by demand for its...

Published 25 Apr, 2024 01:08pm

Stocks

European stock markets mixed at open

LONDON: Europe’s main stock markets opened mixed Thursday, with London reaching a record high for a third session...

Published 25 Apr, 2024 12:54pm

Stocks

FTSE 100 hits record high on big mining M&A, earnings push

Britain’s FTSE 100 hit a record high on Thursday as miner Anglo American surged on a buyout offer from BHP Group,...

Published 25 Apr, 2024 12:50pm

Stocks

Tokyo stocks end lower after Meta results

TOKYO: Tokyo stocks ended lower on Thursday with investors spooked by Facebook parent Meta’s disappointing business...

Updated 25 Apr, 2024 12:47pm

Business & Finance

Pakistan misses wheat production target

Estimated production at 29.69 million tons against set target of 32.2 million for the Rabi Season 2023-2024

Updated 25 Apr, 2024 12:40pm

Movies & Music

After severe backlash, Malala condemns Israeli government for ‘war crimes’

Education activist and producer Malala Yousafzai issued a statement on Thursday, condemning the Israeli government...

Updated 25 Apr, 2024 12:13pm

Money & Banking

Barclays Q1 profit falls 12% as mortgage competition, deals drought hit

LONDON: Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower...

Published 25 Apr, 2024 12:00pm

Forex

South African rand little changed before producer inflation data

JOHANNESBURG: The South African rand was little changed in early trade on Thursday, as traders looked ahead to the...

Published 25 Apr, 2024 11:56am

Companies

Unilever beats quarterly sales growth forecasts

Unilever’s first-quarter sales grew by a better than expected 4.4%, it said on Thursday, as one of the world’s...

Published 25 Apr, 2024 11:54am

South Asia

In China, Blinken urges fair treatment of American companies

SHANGHAI: U.S. Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for...

Published 25 Apr, 2024 11:24am

Commodities

Iron ore extends rise on persistent China demand hopes; profit-taking caps gains

BEIJING: Iron ore futures prices extended their rise for a second straight session on Thursday, supported by...

Published 25 Apr, 2024 11:17am

Markets

Indian bond yields flattish as hunt for cues continues

MUMBAI: Indian government bond yields were largely unchanged in early trading on Thursday, as traders await fresh...

Published 25 Apr, 2024 11:13am

Sports

Osaka doing her homework on clay ahead of French Open

Naomi Osaka picked up her first win on clay in two years on Wednesday and while the former world number one is...

Published 25 Apr, 2024 11:10am

Currency

China’s yuan inches lower, a whisker away from daily downside limit

SHANGHAI: China’s yuan on Thursday inched lower against the dollar and traded just a fraction outside the daily...

Published 25 Apr, 2024 11:08am

Money & Banking

BNP Paribas profit tops estimates on lower costs and global banking

PARIS: BNP Paribas reported a fall in first-quarter profit and revenue on Thursday but beat analyst forecasts, as...

Published 25 Apr, 2024 11:04am

Companies

Nestle misses quarterly sales estimates

LONDON: Nestle on Thursday missed first-quarter organic sales growth estimates as the world’s biggest packaged food...

Published 25 Apr, 2024 10:53am

Money & Banking

Deutsche Bank posts better-than-expected 10% rise in Q1 net profit

FRANKFURT: Deutsche Bank posted on Thursday a better-than-expected 10% rise in first-quarter profit as a resurgence...

Published 25 Apr, 2024 10:50am

Companies

Hyundai Motor’s Q1 profit drops 2.4%, beats forecasts

SEOUL: South Korea’s Hyundai Motor Co reported on Thursday a drop of 2.4% in first-quarter profit, beating analysts...

Published 25 Apr, 2024 10:46am

Commodities

Palm oil extends decline on weaker rivals, higher production

SINGAPORE: Malaysian palm oil futures extended losses to a second consecutive session on Thursday, weighed down by...

Published 25 Apr, 2024 10:43am

Stocks

Kotak Mahindra Bank, consumer stocks drag Indian shares lower

BENGALURU: India’s benchmark indexes fell on Thursday as financials weighed, dragged down by Kotak Mahindra Bank,...

Published 25 Apr, 2024 10:39am

Commodities

Gold dips on profit-taking as price rally falters

Gold prices slipped on Thursday as investors booked profits after a sustained rally and pressure from institutional...

Published 25 Apr, 2024 10:34am

Commodities

Copper rises on funds inflow, potential supply shortage

Copper prices edged higher on Thursday, as the metals market saw an extended inflow of money through investment...

Published 25 Apr, 2024 10:32am

Stocks

Stocks hit by tech slump; yen flails at intervention zone

SINGAPORE: Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms...

Published 25 Apr, 2024 10:30am

Currency

Markets wary of intervention as yen struggles at 155 level

SINGAPORE: The yen was pinned on the weaker side of 155 per dollar on Thursday as the Bank of Japan (BOJ) kicks off...

Published 25 Apr, 2024 10:27am

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Current trend has misbalanced govt's plan to pay capacity charges, sources say

Updated 25 Apr, 2024 10:07am

Liquidation of certain appellate fora: Cabinet approves amendments to tax laws

Cabinet informed that FBR had been constantly trying to ensure prompt disposal of litigation cases

Updated 25 Apr, 2024 09:42am

Joint statement: Islamabad, Tehran agree to seal FTA

ISLAMABAD: Pakistan and Iran have agreed to expeditiously finalise a Free Trade Agreement (FTA) and to further...

Updated 25 Apr, 2024 09:40am

Business & Finance

Ministers to discuss trade issues with KCCI: PM to announce relief package on May 1

KARACHI: Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber,...

Updated 25 Apr, 2024 09:19am

NTDC bars CE (DTLP) from discussing tender of Dasu-ISW

ISLAMABAD: National Transmission and Despatch Company (NTDC) has reportedly barred its Chief Engineer (DTLP) from...

Updated 25 Apr, 2024 09:19am

BR Research

HBL profits: Strong and steady

Pakistan’s largest commercial bank, HBL started 2024 from where it left off in 2023. Another record quarterly profit...

Published 25 Apr, 2024 09:05am

BR Research

PRL in 9MFY24

Pakistan Refinery Limited (PSX: PRL) has seen significant growth in its bottom line for the nine months of FY24....

Published 25 Apr, 2024 09:01am

Talks with IMF: Blome expresses optimism

ISLAMABAD: The United States Ambassador to Pakistan Donald Blome commended the new economic team of Pakistan and...

Updated 25 Apr, 2024 09:00am

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

ISLAMABAD: The Federal Board of Revenue (FBR) has directed 1,680 Tier-1 (big) retailers to integrate with the FBR’s...

Updated 25 Apr, 2024 09:00am

Investment and loss reduction: KE’s 7-year plan approved by Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved a seven-year (2023- 29) KE...

Updated 25 Apr, 2024 08:59am

BR Research

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) was incorporated in Pakistan as a private limited company in 1991 and...

Published 25 Apr, 2024 08:58am

Business & Finance

Upcoming budget: Experts support stabilisation reforms

ISLAMABAD: In the context of a forthcoming IMF program and upcoming budget for FY 2024-2035, economic minds on...

Updated 25 Apr, 2024 08:54am

Pakistan

PM vows to deal with challenges facing Sindh govt

KARACHI: Prime Minister Shehbaz Sharif, on Wednesday chaired a meeting with Sindh Chief Minister Murad Ali Shah, and...

Updated 25 Apr, 2024 08:54am

Tax law amendment bill introduced in NA

ISLAMABAD: The government, Wednesday, introduced the Tax Law Amendment Bill, 2024, in the National Assembly,...

Updated 25 Apr, 2024 08:53am

BR’s refresher: your morning briefing for the day

Important updates from April 24, 2024

Published 25 Apr, 2024 08:50am

Opinion

Gas pricing 2.0: transforming Pakistan’s energy landscape with WACOG

In a move that could reshape the energy landscape of the nation, the government is now seriously considering the...

Updated 25 Apr, 2024 03:27am

World

US quietly shipped long-range ATACMS missiles to Ukraine

WASHINGTON: The United States in recent weeks secretly shipped long-range missiles to Ukraine for use in its battle...