News Archives for Latest - 2024-05-02

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Archive - 2024-05-02

Europe

NATO condemns Russian 'malign activities' on its territory

BRUSSELS: NATO on Thursday condemned Russian "malign activities" on its territory, saying actions like...

Published 02 May, 2024 11:36pm

World

Israeli private eye arrested in UK over alleged hacking for US PR firm

LONDON: An Israeli private investigator wanted by the United States was arrested in London over allegations that he...

Published 02 May, 2024 11:09pm

Pakistan

Three terrorists killed in Tank IBO: ISPR

Security forces on Thursday killed three terrorists in a joint intelligence-based operation (IBO) in Tank district...

Updated 02 May, 2024 10:42pm

Pakistan

Reforms in FBR government’s top priority: Law Minister

Azam Nazeer Tarar says FBR restructuring aims to enhance the organisation's efficacy and governance

Updated 02 May, 2024 10:41pm

Markets

Budget proposals: PBC calls for mining FBR data to identify new taxpayers

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has urged the...

Updated 02 May, 2024 10:41pm

Pakistan

Article 19 of Constitution clearly defines limits of freedom of speech, opinion: COAS

Chief of Army Staff (COAS) General Asim Munir said on Thursday that Article 19 of the Constitution of Pakistan...

Updated 02 May, 2024 10:39pm

Forex

SBP-held foreign exchange reserves increase $25mn, now stand at $8bn

IMF inflow of $1.1bn will reflect in dollar stockpile for week ending on May 3, according to central bank

Updated 02 May, 2024 10:28pm

Markets

Pakistan’s headline inflation decelerates further to 17.3% in April 2024

CPI-based figure is lowest in 23 months

Updated 02 May, 2024 10:18pm

Companies

Pak Suzuki announces up to Rs710,000 price drop for Swift variants

In what the company titled “limited time offer”, Pak Suzuki Motor Company announced a price decrease of up to...

Updated 02 May, 2024 09:47pm

Pakistan

Rains return to UAE, PIA suspends flights to Dubai, Sharjah

Pakistan International Airlines (PIA) on Thursday suspended flight operations to Dubai and Sharjah as heavy rains...

Published 02 May, 2024 09:37pm

Middle East

Schools, offices shut as heavy rain returns to desert UAE

DUBAI: Schools and many offices were closed across the United Arab Emirates on Thursday as heavy rains returned to...

Published 02 May, 2024 09:11pm

Markets

LMC says ‘fully booked’ for KIA Stonic deliveries until September 2024

Lucky Motor Corporation (LMC), the assembler and seller of KIA cars in Pakistan, has announced that it is “fully...

Published 02 May, 2024 09:01pm

Business & Economy

Pakistan’s trade deficit shrinks 18% YoY to $19.5bn in 10MFY24

Exports increase by 9.1% to $25.3bn, while imports decline 4.1% to $44.8bn

Updated 02 May, 2024 08:54pm

Europe

Erdogan criticises US crackdown on college protests

ANKARA: Turkish President Tayyip Erdogan waded into the debate over US college campus protests on Thursday, saying...

Published 02 May, 2024 08:19pm

Markets

Targeting GCC markets, TOMCL completes first phase of expansion

Pakistani meat processor The Organic Meat Company Limited (TOMCL) has completed the first phase of its operations...

Updated 02 May, 2024 08:15pm

Stocks

Wall Street rises as Fed rate-hike concerns alleviate

Wall Street’s main indexes advanced on Thursday, a day after the Federal Reserve left interest rates unchanged and...

Published 02 May, 2024 08:08pm

Technology

Oracle updates database technology for AI chatbots

Oracle on Thursday released an update to its database technology intended to make it more useful with artificial...

Published 02 May, 2024 08:02pm

Exchange

Rupee largely stable against US dollar

Currency settles at 278.3 against the US dollar in inter-bank market

Updated 02 May, 2024 07:00pm

Stocks

KSE-100 sees third successive session in the red, falls 445 points

Bearish sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost nearly 450...

Updated 02 May, 2024 06:59pm

Stocks

Gulf markets end mixed; Qatar hits six-month low

Stock markets in the Gulf put in a mixed performance while the Qatari index hit a six-month low on Thursday after...

Published 02 May, 2024 06:45pm

Europe

Germany to host Macron for state visit from May 26

BERLIN: Emmanuel Macron will make a state visit to Germany in May, the German presidency said Thursday, the first...

Published 02 May, 2024 06:38pm

South Asia

China says to take ‘necessary measures’ after fresh US sanctions

BEIJING: Beijing on Thursday said it would take “necessary measures” after the United States announced fresh...

Published 02 May, 2024 06:33pm

Europe

Wife of ex-French president Sarkozy suspect in witness tampering case

PARIS: Singer and model Carla Bruni was on Thursday questioned as a suspect in a witness tampering case against her...

Published 02 May, 2024 06:27pm

Middle East

UN estimates rebuilding Gaza will cost $30bn to $40bn

AMMAN: A UN agency said Thursday rebuilding war-wracked Gaza will cost an estimated $30 billion to $40 billion and...

Published 02 May, 2024 06:19pm

Middle East

Hamas delegation to visit Egypt soon for further ceasefire talks

CAIRO: A delegation from Hamas is set to visit Egypt soon for further ceasefire talks, the group said in a statement...

Published 02 May, 2024 06:09pm

Energy

Oil prices rebound after closing at seven-week low

LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since...

Updated 02 May, 2024 06:02pm

Commodities

Asia rice: India prices hover near 3-month low on surplus supply

Prices of rice exported from top hub India hovered around a three-month low on sluggish demand and abundant...

Published 02 May, 2024 05:56pm

Movies & Music

Katrina Kaif rejects global ‘standards of beauty’

Bollywood actor is set to launch her brand Kay Beauty in UAE

Published 02 May, 2024 05:37pm

Middle East

Qatar economy grew 1.2% year on year in Q3, 2023

ABU DHABI: The Gulf state of Qatar’s real gross domestic product (GDP) increased 1.2% year on year in the third...

Published 02 May, 2024 05:06pm

Energy

Shell Pakistan launches Shell Lubricant Solutions

Shell, the leading global supplier of finished lubricants for 17 consecutive years, has launched Shell Lubricant...

Published 02 May, 2024 05:06pm

Commodities

Gold price per tola falls Rs900 in Pakistan

Gold prices continued their downward trajectory in Pakistan for the fourth successive session on Thursday, in line...

Updated 02 May, 2024 05:04pm

Stocks

Indian shares log gains on less-hawkish Fed, easing oil prices

BENGALURU: Indian shares advanced on Thursday as a less hawkish stance by the U.S. Federal Reserve on rate hikes...

Published 02 May, 2024 04:59pm

Commodities

Copper retreats on concern over weak demand in China

LONDON: Copper prices extended losses on Thursday, pressured by concern that the market’s surge to two-year highs...

Published 02 May, 2024 04:51pm

Commodities

Palm oil rallies following surge in India’s April imports

JAKARTA/KUALA LUMPUR: Malaysian palm oil futures closed higher on Thursday following news of a jump in India’s...

Published 02 May, 2024 04:35pm

Forex

Ugandan shilling marginally firmer; dollar demand low

KAMPALA: The Ugandan shilling was slightly firmer on Thursday, with demand for dollars flat from all sectors,...

Published 02 May, 2024 03:40pm

South Asia

India’s Kerala shuts schools, colleges amid sweltering heat

NEW DELHI: India’s Kerala state has closed all schools and colleges until Monday due to scorching temperatures,...

Published 02 May, 2024 03:38pm

Europe

Prince William and Kate release photo of daughter Charlotte to mark ninth birthday

LONDON: Prince William and his wife Kate released a picture of their daughter Charlotte to mark the princess’s ninth...

Published 02 May, 2024 03:26pm

Movies & Music

Daniel Radcliffe ‘really sad’ over Rowling’s transgender stance

LOS ANGELES: Daniel Radcliffe has said he is saddened by author J.K. Rowling’s stance on transgender rights, telling...

Published 02 May, 2024 03:04pm

South Asia

Taliban plan regional energy trade hub with Russian oil in mind

KABUL: The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed...

Published 02 May, 2024 03:01pm

Sports

Pakistan recall Haris Rauf, Hasan for England and Ireland T20s

LAHORE: Pakistan on Thursday recalled fast bowler Haris Rauf and medium-pacer Hasan Ali for Twenty20 internationals...

Published 02 May, 2024 02:48pm

Movies & Music

Harvey Weinstein will be retried in New York after rape conviction overturned

Former Hollywood producer Harvey Weinstein will be retried in New York, the Manhattan District Attorney’s Office...

Published 02 May, 2024 02:39pm

Mutual Funds

Euro zone yields slip after Fed signals rates higher for longer

LONDON: Euro zone bond yields edged lower on Thursday after the US Federal Reserve held interest rates steady and...

Published 02 May, 2024 02:26pm

Life & Style

Universal Music Group reaches new licensing agreement with TikTok

Universal Music Group and TikTok said on Thursday that they had reached a new licensing agreement that will restore...

Published 02 May, 2024 01:55pm

Stocks

FTSE 100 lifted by strong earnings from Shell, StanChart

Britain’s blue-chip share index rose on Thursday as shares of Shell and Standard Chartered jumped after strong...

Published 02 May, 2024 01:51pm

Commodities

Copper rises to trade near $10,000/T on softer dollar

Copper prices rose on Thursday and hovered near a key resistance level of $10,000 a metric ton, supported by a...

Published 02 May, 2024 01:49pm

Stocks

European shares slip at open in earnings tide, Fed outcome

European shares opened on a sombre note on Thursday as investors returned after a mid-week holiday to parse a slew...

Published 02 May, 2024 01:43pm

Forex

Kenyan shilling stable; to ease due to manufacturing sector FX demand

NAIROBI: Kenya’s shilling was steady on Thursday and traders said the east African nation’s currency was expected to...

Published 02 May, 2024 01:41pm

Europe

Missile strikes postal depot in Ukraine’s Odesa, 14 injured, regional governor says

A Russian ballistic missile struck a postal depot in the Ukrainian port of Odesa late on Wednesday, injuring 14...

Published 02 May, 2024 01:27pm

Sports

Moving up a division is worth the weight for India’s Borgohain

NEW DELHI: Indian boxer Lovlina Borgohain will step onto the scales a bit heavier at the Paris Olympics but feeling...

Published 02 May, 2024 01:23pm

Sports

USADA slams WADA for ‘half-truths’ in China doping case

NEW YORK: The U.S. Anti-Doping Agency (USADA) criticised the World Anti-Doping Agency (WADA) on Wednesday for...

Published 02 May, 2024 01:18pm

Europe

Russia can’t match a Western asset seizure, but it can inflict pain

LONDON: Russia’s ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been...

Published 02 May, 2024 01:13pm

Forex

South African rand strengthens as Fed keeps rates on hold

JOHANNESBURG: The South African rand strengthened on Thursday after the US Federal Reserve held interest rates...

Published 02 May, 2024 01:04pm

South Asia

India’s Adani Ports posts bigger Q4 profit on strong cargo volumes

BENGALURU: Adani Ports and Special Economic Zone, India’s largest private port operator, posted a 76% rise in its...

Published 02 May, 2024 01:03pm

Sports

‘Cricket reasons’ for white-dominated South Africa T20 World Cup squad

JOHANNESBURG: “My number one imperative is to create a winning Proteas team,” said South Africa coach Rob Walter...

Published 02 May, 2024 12:48pm

Sports

World Cup cricket ‘square’ arrives in New York after trip from Florida

MIAMI: Ten cricket pitches have completed their journey up the East Coast of the United States from Florida to New...

Published 02 May, 2024 12:42pm

Stocks

Hong Kong stocks flat at open

HONG KONG: Hong Kong shares were barely moved at the open of trade Thursday as investors returned from a midweek...

Published 02 May, 2024 12:34pm

Sports

Is Brazil still the land of football?

SAO PAULO: With its famed “jogo bonito”, iconic stars and record five World Cup titles, Brazil has long been known...

Published 02 May, 2024 12:29pm

Asia

Cambodia says heatwave a factor in ammo blast that killed 20 soldiers

PHNOM PENH: Cambodia’s defence ministry said Thursday a blistering heatwave roiling Southeast Asia played a role in...

Published 02 May, 2024 12:19pm

Asia

Death toll from south China road collapse rises to 36

BEIJING: The death toll from a highway collapse in southern China’s Guangdong province has risen to 36, state media...

Published 02 May, 2024 12:08pm

Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA

Pakistan is eyeing an investment of up to $15-20 billion from Saudi Arabia in different sectors/ fields including purchase of public sector entities or share purchases

Updated 02 May, 2024 12:05pm

Middle East

Antony Blinken urges Hamas to agree truce to help Gazans

OCCUPIED JERUSALEM: Top US diplomat Antony Blinken has urged Hamas to accept a Gaza truce plan despite an Israeli...

Published 02 May, 2024 12:02pm

World

Nicolas Maduro keeps Venezuela minimum wage frozen but raises bonuses

CARACAS: Venezuelan President Nicolas Maduro on Wednesday announced an increase in state bonuses for public sector...

Published 02 May, 2024 11:41am

Business & Finance

Novo Nordisk posts 3.4bn euro net profit in Q1

COPENHAGEN: Danish pharmaceutical giant and weight loss drugmaker Novo Nordisk said Thursday net profit had risen by...

Published 02 May, 2024 11:37am

Energy

Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell

LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed...

Published 02 May, 2024 11:04am

Bullion Rate

Gold prices flutter higher as Fed holds rates steady

Gold prices edged higher for a second straight session on Thursday after the Federal Reserve indicated that it is...

Published 02 May, 2024 10:59am

Commodities

Palm oil opens lower for second session, tracking weaker soyoil

KUALA LUMPUR: Malaysian palm oil futures opened lower for the second straight session on Thursday after the Labour...

Published 02 May, 2024 10:53am

Stocks

Asia stocks rise as Fed tamps down hike fears; yen leaps

SINGAPORE: Asian stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest...

Published 02 May, 2024 10:51am

Forex

Asian currencies edge higher, stocks fall after Fed hints rate cut delays

Asian currencies jumped on Thursday while most equity markets in the region slipped after the US Federal Reserve...

Published 02 May, 2024 10:44am

Technology

Microsoft to invest $2.2bn in cloud and AI services in Malaysia

KUALA LUMPUR: Microsoft will invest $2.2 billion over the next four years in Malaysia to support the country’s...

Published 02 May, 2024 10:37am

Forex

Australia, NZ dollars hold onto gains as Powell urges patience on rates

SYDNEY: The Australian and New Zealand dollars held onto overnight gains on Thursday as the world’s most watched...

Published 02 May, 2024 10:34am

Business & Finance

Standard Chartered Q1 profit rises 5.5%, beats estimates

HONG KONG/LONDON: Standard Chartered PLC posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating...

Published 02 May, 2024 10:31am

Business & Finance

Indonesia’s inflation rate eases slightly in April

JAKARTA: Indonesia’s annual inflation rate cooled slightly in April as pressure from some food prices eased as the...

Published 02 May, 2024 10:29am

Energy

Bangladesh’s RPGCL seeks three LNG cargoes for June delivery, sources say

SINGAPORE: Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking three...

Published 02 May, 2024 10:26am

Mutual Funds

Indian bond yields likely to dip tracking US yields on Fed rate stance

MUMBAI: Indian government bond yields are expected to trend marginally lower on Thursday, mirroring similar moves in...

Published 02 May, 2024 10:21am

Forex

Indian rupee to be supported by dip in dollar after Powell’s push back on hikes

MUMBAI: The Indian rupee on Thursday will be helped by a drop in the dollar after Federal Reserve Chair Jerome...

Published 02 May, 2024 10:17am

Commodities

Wheat inches higher as traders eye rains in Russia, US

CANBERRA: Chicago wheat futures edged higher on Thursday as traders assessed whether rainfall in the US and Russian...

Published 02 May, 2024 10:12am

Stocks

Indian shares likely to open higher after Fed’s status quo, oil price fall

BENGALURU: Indian shares are set to open higher on Thursday, after the US Federal Reserve kept interest rates...

Published 02 May, 2024 10:06am

Stocks

Japan’s Nikkei squeezes out modest gains as yen, Wall Street weigh

TOKYO: Japan’s Nikkei share average eked out meagre gains on Thursday, with the yen’s sudden appreciation and a...

Published 02 May, 2024 10:00am

Stocks

Australian shares rangebound after Fed warns of rate cut delays; Woolworths slumps

Australian stocks traded in a tight range on Thursday after the US Federal Reserve warned of delays to interest rate...

Published 02 May, 2024 09:58am

Forex

Yen gives up ground vs dollar following surge on suspected intervention

TOKYO: The yen gave up ground in early trade on Thursday, reversing direction after a sudden surge against the...

Published 02 May, 2024 09:56am

Govt urges World Bank to restructure $230m CLICK project

ISLAMABAD: The government has requested the World Bank for restructuring of “Competitive and Livable City of...

Updated 02 May, 2024 09:30am

Govt taking steps towards fighting corruption: PM

Says government striving to bring about substantial changes in the national economy

Updated 02 May, 2024 09:29am

Pakistan

Both nations: US official says committed to prosperous future

ISLAMABAD: United States Acting Under Secretary for Political Affairs John Bass has underscored US commitment to a...

Updated 02 May, 2024 09:28am

Disclosure of manufacturing/expiry dates on cement bags: MoST endorses CCP’s proposal of revision of cement standards

ISLAMABAD: The Ministry of Science and Technology (MoST) has endorsed the Competition Commission of Pakistan’s...

Updated 02 May, 2024 09:27am

PCAA renews charter licence of K2 Airways

KARACHI: The Pakistan Civil Aviation Authority (PCAA) has announced the renewal of K2 Airways’ charter licence,...

Updated 02 May, 2024 09:26am

Naeem Mir CC of ‘Tajir Dost Scheme’

ISLAMABAD: After a lukewarm response to Tajir Dost Scheme till April 30, the Federal Board of Revenue (FBR) has...

Updated 02 May, 2024 09:23am

FBR attaches benami property allocated for construction of mall

ISLAMABAD: The FBR Anti-Benami Zone-I, Islamabad, has provisionally attached a suspected benami property allocated...

Updated 02 May, 2024 09:22am

SOEs privatisation: PPP for exploring public-private partnerships

KARACHI: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has advocated for a pragmatic approach towards...

Updated 02 May, 2024 09:22am

TPL REIT Fund-I public subscription opens today

KARACHI: Pakistan Stock Exchange (PSX) is set to witness the offer for sale of TPL REIT Fund-I, with public...

Updated 02 May, 2024 09:21am

Move to settle arbitration award: PD, NTDC advised to talk to Star Hydro

ISLAMABAD: The country’s Attorney General Office has advised Power Division and NTDC (National Transmission and...

Updated 02 May, 2024 09:20am

BR’s refresher: your morning briefing for the day

Important updates from May 1, 2024

Published 02 May, 2024 08:44am

BR Research

Addressing nutrition challenges key to human development

Pakistan’s socioeconomic priorities need to change to adapt to the modern economic structures. The country missed...

Published 02 May, 2024 08:00am

BR Research

Oil market near equilibrium?

Having rallied to $90/bbl and beyond for a brief while, it appears the international oil market seems content for...

Published 02 May, 2024 08:00am

BR Research

Pakistan Reinsurance Company Limited

Pakistan Reinsurance Company Limited (PSX: PAKRI) was incorporated in Pakistan as public limited company in 2000....

Published 02 May, 2024 07:59am

Europe

Russia ramps up arms production as US boosts support for Ukraine

MOSCOW: Russia’s defence minister on Wednesday ordered a hike in weapons production and said deliveries needed to...

Updated 02 May, 2024 05:32am

Europe

London real estate: US investors spending rebounds to highest in eight years

LONDON: US investors are buying up London commercial property at the fastest rate in eight years, data compiled by...

Updated 02 May, 2024 05:31am

Opinion

Mulching techniques: increasing cotton yield

Mulching is crucial for boosting the overall growth and yield of cotton crops. It helps by reducing water ...

Updated 02 May, 2024 05:29am

Opinion

The solar lessons

The “Cobra Effect” is a well-known and beloved anecdote in the annals of unanticipated consequences. The...

Updated 02 May, 2024 05:29am

World

Email bomb threat hoax: Dozens of schools in Delhi’s region evacuated

NEW DELHI: Dozens of schools in India’s national capital region were evacuated on Wednesday after they received a...

Updated 02 May, 2024 05:23am

Pakistan

IHC to resume hearing of plea against ban on ‘X’ today

ISLAMABAD: The Islamabad High Court (IHC) will Thursday (May 2) resume hearing of a petition against the ban on...

Updated 02 May, 2024 05:22am

Taxes

Admin Pool of FBR: PCS, IRS concerned over placement of senior-most officers

ISLAMABAD: Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) conveyed their concerns to the tax...

Updated 02 May, 2024 05:22am

Pakistan

CAP organises celebrations of 16 years of preserving heritage

LAHORE: The Citizens Archive of Pakistan (CAP) organised the celebrations of 16 successful years of preserving the...

Updated 02 May, 2024 05:22am

Pakistan

Mian Iftikhar elected as President ANP KP

PESHAWAR: Mian Iftikhar Hussain has been elected provincial president Awami National Party (ANP) Khyber Pakhtunkhwa...

Updated 02 May, 2024 05:22am

Pakistan

‘Oye Chote’ delivers powerful message on child labour

LAHORE: In honour of International Labour Day, the Lahore Arts Council Alhamra organized a stirring presentation of...

Updated 02 May, 2024 05:22am

Pakistan

CDA continues action against illegal housing societies

ISLAMABAD: Capital Development Authority (CDA) on Wednesday continued operation against illegal housing societies in...

Updated 02 May, 2024 05:21am

Pakistan

Lahore's new commissioner assumes charge

LAHORE: The new Commissioner Lahore Division, Zaid Bin Maqsood, assumed the charge on Wednesday after replacing...

Updated 02 May, 2024 05:21am

Energy

OMAP urges govt to remove 20-day stock cover requirement

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover...

Updated 02 May, 2024 05:21am

Pakistan

Responsible use of social media platforms utmost necessary: minister

ISLAMABAD: The government conveyed to the Asia Internet Coalition (AIC) comprising global digital media giants that...

Updated 02 May, 2024 05:21am

Sports

Women squad announced for England tour

LAHORE: The newly-appointed seven-member women’s national selection committee has named a 17-player Pakistan...

Updated 02 May, 2024 05:21am

Pakistan

Katcha area dacoits, street criminals: Zardari directs Sindh CM to launch grand operation

KARACHI: President Asif Ali Zardari presiding over a special law & order meeting at the CM House directed Sindh...

Updated 02 May, 2024 05:19am

World

300 anti-Israel protesters held in New York

LOSANGELES/NEW YORK: Supporters of Israel attacked a pro-Palestinian protest camp at the University of California in...

Updated 02 May, 2024 05:19am

World

Turkey to join South Africa’s genocide case

ISTANBUL: Turkish Foreign Minister Hakan Fidan said on Wednesday that Turkey would join in South Africa’s ...

Updated 02 May, 2024 05:19am

Pakistan

Agencies’ meddling case: PTI voices dismay at ‘conduct’ of CJP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Wednesday expressed dismay over the conduct of Chief Justice of ...

Updated 02 May, 2024 05:18am

Editorials

What does Dar’s elevation reveal?

EDITORIAL: The appointment of Foreign Minister and former finance minister Ishaq Dar as deputy prime minister is...