News Archives for Latest - 2024-04-30

<<>>

Archive - 2024-04-30

Business & Economy

Govt reduces petrol price by Rs5.45, HSD’s by Rs8.42 per litre

New prices come into effect from May 1, 2024

Updated 01 May, 2024 12:51am

Pakistan

Rana Sanaullah appointed PM Shehbaz’s adviser on political affairs

The newly appointed aide to the premier will hold the rank of federal minister

Published 30 Apr, 2024 11:43pm

Sports

West Indies Women win third T20I by 2 runs to take unassailable 3-0 lead

Haylee Matthews’s all-round performance helped West Indies Women beat Pakistan in the third T20I by two runs to take...

Published 30 Apr, 2024 11:15pm

Business & Finance

FBR orders PTA, telcos to block over 500,000 mobile SIMs of non-filers

Authority says decision taken after they failed to file taxes

Published 30 Apr, 2024 10:56pm

World

Israeli offensive on Rafah would be ‘unbearable escalation’: UN chief

UNITED NATIONS: United Nations chief Antonio Guterres on Tuesday urged Israel not to invade southern Gaza’s Rafah...

Published 30 Apr, 2024 10:58pm

Europe

Russia says shot down US-made missiles launched by Ukraine

MOSCOW: Russia said Tuesday it had shot down six US-supplied tactical missiles launched by Ukraine, with officials...

Updated 30 Apr, 2024 10:42pm

Companies

HBL to inject up to Rs6bn equity in its microfinance bank

The Board of Directors of Habib Bank Limited, one of the country’s largest commercial banks, has approved an equity...

Updated 30 Apr, 2024 10:41pm

Stocks

Selling pressure: KSE-100 sheds 593 points in another negative session

Selling pressure was again witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost 593...

Updated 30 Apr, 2024 10:40pm

Business & Economy

IMF’s $1.1bn tranche to help Pakistan’s economic stability, says PM Shehbaz Sharif

Islamabad is also already looking at securing a 24th bailout from the IMF

Updated 30 Apr, 2024 10:39pm

Markets

Finance ministry sees headline inflation decelerating further to 18.5-19.5% in April

Expects further easing to 17.5-18.5% in May 2024

Updated 30 Apr, 2024 10:37pm

Pakistan

State has to protect independence of judiciary: Justice Minallah

Justice Athar Minallah on Tuesday said the state has to protect judges as well as independence of the judiciary. He...

Updated 30 Apr, 2024 10:34pm

Middle East

Netanyahu says troops to enter Rafah 'with or without' Gaza truce

OCCUPIED JERUSALEM: Prime Minister Benjamin Netanyahu said on Tuesday that the Israeli military will launch a ground...

Updated 30 Apr, 2024 10:31pm

Pakistan

At least 143 killed in Pakistan’s unusually heavy April rains

Country see a rainfall increase of 164% above normal levels in April, says MET spokesperson

Updated 30 Apr, 2024 10:22pm

World

Blinken says first Jordan aid trucks leaving to Gaza through Erez crossing

AMMAN: US Secretary of State Antony Blinken on Tuesday saw off a first Jordanian truck convoy of aid heading to Gaza...

Published 30 Apr, 2024 10:20pm

Technology

Uber app closes Pakistan chapter, ceases operations in Lahore

Operations in South Asian country to continue through subsidiary Careem

Updated 30 Apr, 2024 09:54pm

Markets

SBA final tranche: SBP says it has received $1.1bn from IMF

Amount will reflect in central bank's foreign exchange reserves for week ending on May 3

Updated 30 Apr, 2024 09:09pm

Europe

Former England cricketer Panesar to stand for election

LONDON: Former England cricketer Monty Panesar is to stand at the next UK general election for the fringe Workers...

Published 30 Apr, 2024 08:02pm

USA

New York judge fines Trump for gag order violations

NEW YORK: The New York judge presiding over Donald Trump’s hush money trial fined the former president on Tuesday...

Published 30 Apr, 2024 07:27pm

Stocks

US stocks dip amid caution ahead of Fed decision

NEW YORK: Wall Street stocks dipped in early trading Tuesday as markets digested mixed earnings and looked ahead to...

Published 30 Apr, 2024 06:53pm

Exchange

Rupee registers marginal gain against US dollar

Currency settles at 278.31 against US dollar in inter-bank market

Updated 30 Apr, 2024 06:17pm

Stocks

Eurozone stocks sag on strong euro as region exits recession

LONDON: Eurozone equities sagged Tuesday, weighed down by the strong euro as investors digested bright economic...

Updated 30 Apr, 2024 06:07pm

Energy

Oil edges higher as investors eye Mideast talks, rates meeting

LONDON: Oil edged up on Tuesday a day after falling as Israel-Hamas talks offered hopes of a ceasefire even as Red...

Updated 30 Apr, 2024 05:53pm

USA

Pro-Palestinian protesters occupy building at Columbia University

Pro-Palestinian protesters at Columbia University were occupying a building on the New York City campus on Tuesday...

Published 30 Apr, 2024 05:38pm

Stocks

Sri Lanka shares end higher as consumer staples gain; April inflation rises

CSE All-Share index settled 0.42% higher at 12,362.95

Published 30 Apr, 2024 05:16pm

Life & Style

G7 to target fashion’s climate footprint: French minister

TURIN, Italy: The G7 will commit to tackling the heavy environmental and climate impacts of the fashion and textiles...

Published 30 Apr, 2024 05:09pm

Middle East

Gaza ministry says 34,535 Palestinians killed in Israeli strikes since Oct. 7

CAIRO: More than 34,535 Palestinians have been killed and 77,704 wounded in the Israeli military offensive in the...

Published 30 Apr, 2024 05:02pm

Stocks

Indian shares log third straight month of gains on strong quarterly results

BENGALURU: Indian shares logged their third straight month of gains on strong quarterly earnings by behemoths, even...

Published 30 Apr, 2024 04:45pm

Commodities

Copper prices slip after hitting fresh two-year high

LONDON: Copper prices in London fell on Tuesday after four sessions of gains amid slower manufacturing activity...

Published 30 Apr, 2024 04:43pm

Commodities

Palm oil slips to lowest closing in more than 2 months

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, closing at their lowest in more than two months, as...

Published 30 Apr, 2024 04:40pm

Bullion Rate

Gold price per tola falls Rs2,000 in Pakistan

Gold prices extended their decline in Pakistan for the third straight session on Tuesday, in line with the ease in...

Updated 30 Apr, 2024 04:27pm

Life & Style

Supermodel Bella Hadid launches new fragrance brand Ôrebella

Palestinian-American supermodel Bella Hadid is set to launch Ôrebella, a fragrance brand, the model announced on...

Updated 30 Apr, 2024 04:24pm

Companies

Air Link Communication’s profit up 533%, stands at over Rs1bn in 3QFY24

Pakistan’s smartphone manufacturer Air Link Communications Limited saw its profit grow by over 533%, clocking in at...

Published 30 Apr, 2024 04:05pm

Asia

‘Boycotts’: KFC Malaysia temporarily shutters outlets citing challenging economy

KUALA LUMPUR: KFC Malaysia has temporarily closed outlets in the country, citing challenging economic conditions,...

Updated 30 Apr, 2024 03:55pm

Sports

Rishabh Pant included in India’s T20 World Cup squad, Rahul misses out

India have included wicketkeeper-batsman Rishabh Pant in their 15-man squad for the Twenty20 World Cup in the West...

Published 30 Apr, 2024 03:51pm

Forex

Kenyan shilling stable, NGO dollar inflows match manufacturing sector demand

NAIROBI: Kenya’s shilling was steady on Tuesday, with dollar inflows from non-governmental organisations matching...

Published 30 Apr, 2024 03:36pm

Asia

The heatwave baking parts of Asia

BANGKOK: Large swaths of Asia are sweltering through a heatwave that has topped temperature records from Myanmar to...

Published 30 Apr, 2024 03:10pm

South Asia

Seven Maoist rebels killed by Indian security forces

RAIPUR: At least seven Maoist insurgents were shot dead by Indian security forces on Tuesday, police told AFP, the...

Published 30 Apr, 2024 03:00pm

Sports

Paceman Jofra Archer recalled to England squad for T20 World Cup

LONDON: Paceman Jofra Archer was Tuesday recalled to England’s squad for the defence of their T20 World Cup crown...

Published 30 Apr, 2024 02:53pm

Sports

South Africa pick Anrich Nortje and uncapped duo Rickelton, Baartman for T20 World Cup

CAPE TOWN: South Africa have included fast bowler Anrich Nortje and the uncapped duo of batter Ryan Rickelton and...

Published 30 Apr, 2024 02:50pm

Technology

India ‘shocked’ as Musk’s surprise China visit leaves them spurned

NEW DELHI: Elon Musk’s surprise visit to China this week won concessions for Tesla but left India feeling spurned...

Published 30 Apr, 2024 02:43pm

Movies & Music

French actor Gerard Depardieu to be tried in October over alleged sexual assaults

PARIS: French actor Gerard Depardieu will be tried next October for alleged sexual assaults against two women during...

Published 30 Apr, 2024 02:03pm

Sports

Olympics on Green’s mind after second LPGA win of the season

Hannah Green says she is not yet banking on a return to the Olympics in Paris later this year even though her second...

Published 30 Apr, 2024 01:25pm

Middle East

Hamas prepares response to Gaza truce offer

OCCUPIED JERUSALEM: Hamas was studying Tuesday Israel’s offer of a 40-day truce in the war in the Gaza Strip in...

Updated 30 Apr, 2024 01:22pm

Mutual Funds

Euro zone government bonds steady ahead of inflation data

LONDON: Euro zone government bond yields were steady on Tuesday ahead of the release of bloc-wide inflation data...

Published 30 Apr, 2024 01:11pm

Forex

Russian rouble slightly lower against US dollar

MOSCOW: The Russian rouble was slightly lower against the US dollar on Tuesday. By 0715 GMT the rouble was 0.11%...

Published 30 Apr, 2024 01:09pm

Editorials

Deregulating petroleum sector: curb smuggling first

EDITORIAL: Finance minister Mohammad Aurangzeb recently said in a conference that bold energy and taxation reforms...

Updated 30 Apr, 2024 12:40pm

Stocks

British equity indexes set for monthly gains; HSBC climbs on upbeat profit, buyback

Britain’s main stock indexes rose on Tuesday and were set for their second consecutive month of gains, driven by...

Published 30 Apr, 2024 12:37pm

Sports

Edin Terzic repays Dortmund faith before PSG semi-final clash

BERLIN: Borussia Dortmund coach Edin Terzic faces Paris Saint-Germain in Wednesday’s Champions League semi-final...

Published 30 Apr, 2024 12:29pm

Europe

King Charles III resumes public duties as he fights cancer

LONDON: King Charles III on Tuesday makes his first official public appearance since being diagnosed with cancer,...

Published 30 Apr, 2024 12:25pm

Stocks

Hong Kong stocks extend gains at open

HONG KONG: Hong Kong stocks rose at the open Tuesday, extending gains into a seventh straight trading day, following...

Published 30 Apr, 2024 12:19pm

Business & Finance

Asia’s first spot bitcoin, ether ETFs start trading in Hong Kong

HONG KONG: Hong Kong on Tuesday launched trading of Asia’s first spot bitcoin and ether exchange-traded funds...

Published 30 Apr, 2024 12:17pm

South Asia

Gunman kills six in attack on Afghan mosque: govt spokesman

KABUL: A gunman stormed a mosque in western Afghanistan and killed six people, a government spokesman said Tuesday....

Published 30 Apr, 2024 11:41am

South Asia

India’s influencers still struggle years after TikTok ban

ROHTAK: Choreographer Sahil Kumar found fame showcasing folk dances on TikTok, but his profile has been dormant...

Published 30 Apr, 2024 11:31am

Companies

Volkswagen profits fall in ‘slow start to year’

FRANKFURT: German auto giant Volkswagen reported Tuesday that profits fell sharply at the start of the year as...

Published 30 Apr, 2024 11:20am

Europe

Toll in Russian strike on Odesa rises to five

KYIV: The death toll in a Russian missile strike on Ukraine’s port city of Odesa rose to five on Tuesday with...

Published 30 Apr, 2024 11:18am

Sports

Brazil great Ronaldo selling stake in boyhood club Cruzeiro

Brazil great Ronaldo has agreed to sell his majority stake in Cruzeiro, the club where he made his senior debut, the...

Published 30 Apr, 2024 11:14am

Sports

Australia sets out targets in 10-year plan to boost women’s game

MELBOURNE: Cricket Australia (CA) are targeting a five-fold increase in average attendances at women’s matches and...

Published 30 Apr, 2024 10:54am

Business & Finance

Asia Pacific economies headed for ‘soft landing’, says IMF

SINGAPORE: Rapid disinflation and resilient growth will help Asia Pacific achieve a “soft landing” even though...

Published 30 Apr, 2024 10:51am

Stocks

Stocks in Asia rise, yen wobbles after volatile start to week

SINGAPORE: Asian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings...

Published 30 Apr, 2024 10:49am

Forex

Indian rupee counts on support from central bank before Fed policy decision

MUMBAI: The Indian rupee will open broadly unchanged on Tuesday amid likely dollar demand and expectations that the...

Published 30 Apr, 2024 10:42am

Commodities

Palm oil opens 2% lower ahead of Malaysia export estimates

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday after gaining for two consecutive sessions, as weaker crude...

Published 30 Apr, 2024 10:40am

Stocks

Japan’s Nikkei tracks Wall Street higher; Fed policy meeting in focus

TOKYO: Japan’s Nikkei share average traded higher on Tuesday, tracking an overnight strong finish on Wall Street,...

Published 30 Apr, 2024 10:38am

Commodities

Wheat slips further as Russian rain forecast eases supply fears

CANBERRA: Chicago wheat futures on Tuesday fell further from last week’s four-month highs as forecasts for rain in...

Published 30 Apr, 2024 10:31am

Commodities

LME zinc set for best monthly gain since 2006

Zinc prices in London were set on Tuesday for the best monthly gain since 2006, driven by tightness of supply and...

Published 30 Apr, 2024 10:28am

Technology

Samsung says AI to drive technology demand in second half after strong Q1

SEOUL: Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some...

Published 30 Apr, 2024 10:26am

Europe

Thirty men have died trying to leave Ukraine to avoid fighting since war started

KYIV: About 30 Ukrainian men have died trying to illegally cross Ukraine’s borders and avoid fighting in the war...

Published 30 Apr, 2024 10:19am

Stocks

Auto, energy stocks aid gains in Indian shares

BENGALURU: Indian shares inched higher on Tuesday, tracking Asian peers and helped by gains in automobile and energy...

Published 30 Apr, 2024 10:15am

Business & Finance

Thai factory output falls for 18th consecutive month

BANGKOK: Thailand’s manufacturing production index dropped 5.13% in March from a year earlier, falling for the 18th...

Published 30 Apr, 2024 10:11am

Forex

Yen clings to sharp gains after suspected intervention, Fed in focus

TOKYO: The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that...

Published 30 Apr, 2024 10:09am

Forex

China’s yuan slips from 1-month high, set for 4th monthly decline

SHANGHAI: China’s yuan pulled back against the dollar on Tuesday, having hit one-month high a day earlier as traders...

Published 30 Apr, 2024 10:06am

Bullion Rate

Gold prices ease as dollar firms ahead of Fed policy meet

Gold prices were set for a third straight monthly gain, even as bullion prices eased on Tuesday as the dollar firmed...

Published 30 Apr, 2024 10:04am

Technology

Microsoft to invest $1.7bn in cloud, AI in Indonesia, CEO says

JAKARTA: Microsoft will invest $1.7 billion in Indonesia to empower the Southeast Asian country with cloud services...

Published 30 Apr, 2024 10:02am

Business & Finance

HSBC Chief Executive Quinn to retire

HONG KONG: HSBC said Chief Executive Noel Quinn will retire, a surprise departure from the Asia-focused bank he has...

Published 30 Apr, 2024 10:00am

Business & Finance

Caixabank’s Q1 net profit rises 17.5% on higher lending income

MADRID: Caixabank said on Tuesday its net profit rose 17.5% in the first quarter from the same period in 2023 thanks...

Published 30 Apr, 2024 09:57am

Mutual Funds

Indian bond yields edge down; Fed guidance remains key trigger

MUMBAI: Indian government bond yields edged lower in early trading on Tuesday, tracking a dip in US Treasury yields,...

Published 30 Apr, 2024 09:55am

USA

Reported Indian role in assassination plots a ‘serious matter’: White House

WASHINGTON: The White House said on Monday it viewed the reported role of the Indian intelligence service in two...

Published 30 Apr, 2024 09:54am

NTDC awarding contracts to ineligible bidders?

ISLAMABAD: The National Transmission and Despatch Company (NTDC) is said to have become a permanent headache for the...

Updated 30 Apr, 2024 09:25am

Sugar exports: PSMA (Punjab Zone) denies reports

LAHORE: Pakistan Sugar Mills Association (Punjab Zone) strongly denies reports that the government has refused to...

Updated 30 Apr, 2024 09:24am

Saudis informed about SIFC’s proactive role

Saudi Minister of Commerce Dr Majid bin Abdullah Al-Qasabi says Kingdom prioritising trade and investment in Pakistan

Updated 30 Apr, 2024 09:24am

Cash Management, Treasury Single Account Rules, 2024 notified

ISLAMABAD: The federal government has notified Cash Management and Treasury Single Account Rules, 2024 that requires...

Updated 30 Apr, 2024 09:19am

Govt loses Rs800bn due to IPR violations last year: OICCI

KARACHI: “Effective protection of intellectual property rights (IPR) is essential for attracting and retaining FDI...

Updated 30 Apr, 2024 09:19am

MIGA-covered GoP guarantee for Star project: Islamabad apprised about arbitration award

ISLAMABAD: Pakistan’s Executive Director at the World Bank, Dr Tauqeer Shah has apprised Islamabad about the...

Updated 30 Apr, 2024 09:18am

Business & Finance

IMF Executive Board approves final review of SBA, allows disbursement of $1.1bn for Pakistan

The International Monetary Fund (IMF) on Monday completed its final review of Pakistan’s economic reform programme...

Updated 30 Apr, 2024 09:11am

BR Research

Bata Pakistan Limited

Bata Pakistan Limited (PSX: BATA) was incorporated in Pakistan in 1951 and became public in 1979. The company is...

Published 30 Apr, 2024 08:55am

BR Research

Rate cut – maybe next time!

SBP has kept the policy rate unchanged at 22 percent despite the April inflation coming down to 18 percent. It...

Published 30 Apr, 2024 08:55am

BR Research

PSO - 9MFY24

Pakistan State Oil Company Limited (PSX: PSO) posted a weaker quarterly financial performance, but growth for an...

Published 30 Apr, 2024 08:53am

CCP approves 40pc equity stake acquisition in GO by Aramco

ISLAMABAD: The Competition Commission of Pakistan (CCP) approved a 40% equity stake acquisition in Gas & Oil...

Updated 30 Apr, 2024 08:45am

Business & Finance

Export permission: MoC casts doubt on PSMA’s surplus sugar figures

ISLAMABAD: The Commerce Ministry has reportedly expressed doubts on the figures of surplus sugar presented to the...

Updated 30 Apr, 2024 08:44am

WB’s SARVP will visit Pakistan from May 6-8

ISLAMABAD: World Bank’s South Asia Regional Vice President (SARVP), Martin Raiser is reaching Pakistan on a...

Updated 30 Apr, 2024 08:43am

Budget preparation exercise to begin in first week of May

ISLAMABAD: The budget preparation exercise for the FY 2024-25 will be started from the first week of May 2024 at the...

Updated 30 Apr, 2024 08:43am

Dar’s elevation gives birth to speculation

ISLAMABAD: The timing of Ishaq Dar’s appointment as deputy prime minister with Prime Minister Shehbaz Sharif in...

Updated 30 Apr, 2024 08:42am

BR’s refresher: your morning briefing for the day

Important updates from April 29, 2024

Published 30 Apr, 2024 08:41am

Business & Finance

IMF approves disbursement of $1.1bn loan tranche

ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) on Monday approved the final tranche of $1.1...