News Archives for Latest - 2024-05-07

World

IAEA’s Grossi seeks deal with Iran on nuclear steps ‘soon’

VIENNA: Iran and the U.N. nuclear watchdog will continue talks aimed at ending an impasse on many issues between...

Published 07 May, 2024 11:35pm

Luxury

London’s gentlemen-only club votes on admitting women

LONDON: One of London’s oldest gentlemen’s clubs on Tuesday votes on whether to start accepting women amid a row...

Published 07 May, 2024 11:23pm

World

Israel warns will ‘deepen’ Gaza operation if no progress on hostages

JERUSALEM: Defence Minister Yoav Gallant said Tuesday Israel was prepared to “deepen” its Gaza operation if truce...

Published 07 May, 2024 11:11pm

World

White House hopeful Israel, Hamas can close ‘remaining gaps’

WASHINGTON: The White House said Tuesday it was hopeful Israel and Hamas could “close the remaining gaps” in their...

Published 07 May, 2024 10:54pm

World

Hezbollah says it attacks north Israel with drones

BEIRUT: Lebanon’s Hezbollah said it attacked northern Israel on Tuesday including with “explosive-laden drones”, a...

Published 07 May, 2024 10:47pm

Pakistan

Plot to kill five Chinese engineers hatched in Afghanistan: DG ISPR

May 9 incidents not about Pak Army but the entire country, says Major General Ahmed Sharif

Updated 07 May, 2024 10:36pm

Stocks

Citi Pharma forms JV with China’s Hangzhou Newsea Technology

JV will focus on producing APIs not currently manufactured by Lahore-based company

Updated 07 May, 2024 10:28pm

Pakistan

IHC judges’ letter: SC urges govt action on alleged interference in judicial matters

The Supreme Court (SC) on Tuesday urged the government to ensure the independence of the judiciary as the apex court...

Updated 07 May, 2024 10:25pm

Commodities

Gold price per tola decreases Rs500 in Pakistan

After registering a gain in the previous session, gold prices decreased in Pakistan on Tuesday in line with their...

Updated 07 May, 2024 10:19pm

Pakistan

Indian forces martyr three Kashmiri youth in IIOJK

Indian troops in a brazen act of terrorism martyred three more Kashmiri youths in Indian Illegally Occupied Jammu...

Updated 07 May, 2024 10:10pm

Business & Economy

Aurangzeb says pension reforms on the cards as govt intends to curtail expenditure

Finance minister says slowing pace of inflation means a cut in key policy rate may start soon

Updated 07 May, 2024 10:09pm

Pakistan

Uzbekistan foreign minister to arrive in Pakistan tomorrow

Bakhtiyor Saidov's visit is expected to provide fresh impetus to the friendly relations between the two countries

Updated 07 May, 2024 10:08pm

Stocks

KSE-100 sees volatile session, closes flat

A volatile session was witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 ended trading on a...

Updated 07 May, 2024 10:01pm

Middle East

Israeli military seizes Rafah border crossing, steps up attacks in southern Gaza

RAFAH: The Israeli military seized control of the Rafah border crossing between the Gaza Strip and Egypt on Tuesday...

Updated 07 May, 2024 09:48pm

Business & Finance

Pakistan giant Engro looks to go global, its main investor says

Expansion plans include looking at telecoms infrastructure in countries in Middle East, North Africa, and Central Asia

Updated 07 May, 2024 09:46pm

Business & Finance

Pakistan set to spend above 50% of revenue on interest, IIF says

Pakistan is seen as an emerging economy where the interest expense on government debt will be highest through 2026,...

Published 07 May, 2024 09:24pm

Middle East

Cairo talks ‘last chance’ for Israel to free hostages: Hamas official

PALESTINIAN TERRITORIES: A senior Hamas official said Tuesday that a delegation from the Palestinian group was due...

Published 07 May, 2024 08:23pm

Europe

Turkiye says Israeli attack on Rafah shows it not acting in good faith

ANKARA: Israel’s ground attacks on Gaza’s Rafah city, a day after Hamas accepted a ceasefire proposal, show its...

Published 07 May, 2024 08:09pm

Europe

German police clear pro-Palestinian camp at Berlin University

BERLIN: German police cleared a pro-Palestinian protest camp on Tuesday at a courtyard of the Freie Universitaet...

Published 07 May, 2024 08:04pm

Arts

Pro-Palestinian demonstrators protest outside the Met Gala

NEW YORK: Protesters in New York converged near the Met Gala on Monday in a rally against the ongoing Israeli...

Updated 07 May, 2024 07:52pm

Stocks

US stocks mostly higher as Disney tumbles

NEW YORK: Wall Street stocks edged higher early Tuesday, with investors weighing mixed Disney results and mulling...

Published 07 May, 2024 07:33pm

Sports

Gauff on the alert to shape up her serve in Rome

ROME: Coco Gauff said on Tuesday she was dedicating training time prior to her second-round start at the ATP and WTA...

Published 07 May, 2024 07:31pm

Stocks

Most Gulf markets muted as Mideast tension rises; Egypt gains

Most stock markets in the Gulf were subdued on Tuesday amid rising geopolitical tension in the region, while the Abu...

Published 07 May, 2024 07:31pm

Sports

Azlan Shah Hockey Cup: Pakistan-Japan game ends in draw

Pakistan clinched a last-minute draw against high-flying Japan to continue their unbeaten run in the ongoing Azlan...

Published 07 May, 2024 07:20pm

Life & Style

Katy Perry fools internet with fake AI photos of Met Gala

PARIS: US singer Katy Perry said even her own mother was fooled by AI-generated fake images she posted Tuesday of...

Published 07 May, 2024 07:13pm

Middle East

Death, misery, hunger: Israeli aggression in Gaza

In Gaza City, home to some 600,000 people before the war, the situation is dire: almost three-quarters (74.3 percent) of its buildings have been damaged or destroyed

Published 07 May, 2024 06:50pm

Forex

Rupee records marginal gain against US dollar

Currency settles at 278.12 against the greenback in inter-bank market

Updated 07 May, 2024 06:43pm

Sports

Bangladesh seal T20 series with nine-run win over Zimbabwe

CHITTAGONG: Bangladesh survived a late onslaught from Faraz Akram to beat Zimbabwe by nine runs in the third...

Updated 07 May, 2024 06:27pm

Middle East

UN atomic chief urges Iran to take ‘concrete’ steps for cooperation

ISFAHAN: International Atomic Energy Agency chief Rafael Grossi on Tuesday called on Iran to adopt “concrete”...

Published 07 May, 2024 05:47pm

Asia

Macron hosts Xi in French mountains to talk Ukraine, trade

TARBES: French President Emmanuel Macron was on Tuesday hosting Chinese leader Xi Jinping at one of his beloved...

Published 07 May, 2024 05:43pm

Sports

Madrid coach Ancelotti ‘confident’ of reaching Champions League final

MADRID: Real Madrid coach Carlo Ancelotti said he was confident his side could overcome Bayern Munich on Wednesday...

Published 07 May, 2024 05:38pm

Europe

Ukraine says thwarted Russian-led plot to kill Zelensky

KYIV: Ukraine announced Tuesday it had detained two Ukrainian security officials involved in a plot coordinated by...

Published 07 May, 2024 05:35pm

Middle East

Pulitzer Prizes honor Gaza war coverage

NEW YORK: The war in Gaza featured prominently in Monday’s Pulitzer Prizes, which included a special citation for...

Published 07 May, 2024 05:33pm

Movies & Music

Jennifer Lopez, Zendaya among best-dressed at the Met Gala

NEW YORK: Zendaya wore a dark blue gown adorned with grape clusters and Lana Del Rey donned a dramatic headpiece...

Updated 07 May, 2024 05:25pm

Movies & Music

Isha Ambani, Alia Bhatt stun on Met Gala red carpet

Isha Ambani – daughter of Indian billionaire Mukesh Ambani – walked the Met Gala red carpet on Monday night in a...

Updated 07 May, 2024 05:24pm

Stocks

Sri Lankan shares end lower as industrials weigh

BENGALURU: Sri Lankan shares closed lower on Tuesday, as a slump in industrial stocks dragged the benchmark index...

Published 07 May, 2024 05:23pm

Movies & Music

Rap beef between Drake and Kendrick Lamar explodes

LOS ANGELES: A long-simmering feud between rap titans Drake and Kendrick Lamar exploded into allegations of...

Published 07 May, 2024 05:02pm

Sports

Rejuvenated Mohammad Amir back for ‘unfinished work’ at T20 World Cup

KARACHI: Rejuvenated fast bowler Mohammad Amir said he has “unfinished work” at next month’s T20 World Cup, 15 years...

Published 07 May, 2024 04:54pm

Energy

Oil steadies as weak physical markets balance Middle East tensions

LONDON: Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle...

Updated 07 May, 2024 04:53pm

Middle East

Al Jazeera to pursue legal action ‘until the end’ over Israel ban

DOHA: Al Jazeera will look to pursue all possible legal action “until the end” to challenge Israel’s ban on its...

Published 07 May, 2024 04:40pm

Stocks

Indian shares end lower; volatility at 15-month high

BENGALURU: Indian shares ended lower on Tuesday, led by losses in heavyweight financials and auto stocks, with...

Published 07 May, 2024 04:37pm

Commodities

Copper heads towards two-year highs with spotlight on supply

LONDON: Copper prices pushed towards two-year highs on Tuesday as focus returned to tight supplies and hopes of...

Published 07 May, 2024 04:35pm

Commodities

Palm oil closes higher on weather woes at oilseeds plantations

SINGAPORE: Malaysian palm oil futures rose for a second session to close at a more-than-one-week high on Tuesday,...

Published 07 May, 2024 04:29pm

Luxury

Starting at $2.5mn: actor Sylvester Stallone to auction rare Patek Philippe at Sotheby’s

Veteran Hollywood actor Sylvester Stallone is set to auction off 11 watches at Sotheby’s, along with a rare Patek...

Updated 07 May, 2024 04:18pm

Europe

Turkiye says Israel’s Rafah operation is another war crime

ANKARA: The Israeli operation in Gaza’s Rafah city a day after Hamas accepted a ceasefire deal marks another war...

Published 07 May, 2024 02:59pm

Life & Style

Coppola, Lucas, Schrader: ‘New Hollywood’ swansong set for Cannes

LOS ANGELES: It is an offer they still can’t refuse: Francis Ford Coppola will lead a parade of veteran American...

Updated 07 May, 2024 02:52pm

Commodities

Copper hovers around $10,000/T on funds’ buying

Copper prices in London rose on Tuesday, hovering near a key resistance level of $10,000 a metric ton, buoyed by...

Published 07 May, 2024 02:48pm

Stocks

Gulf bourses mixed in early trade; IHC lifts Abu Dhabi

Stock markets in the Gulf were mixed in early trading on Tuesday amid rising geopolitical tension in the region,...

Published 07 May, 2024 02:44pm

Business & Finance

Sri Lanka aims to halve debt servicing costs, central bank chief says

COLOMBO: Sri Lanka is committed to achieving debt sustainability at the earliest and aims to halve the servicing...

Published 07 May, 2024 02:41pm

South Asia

India court extends pre-trial detention of opposition leader Kejriwal until May 20, says Live Law

NEW DELHI: An Indian court extended the pre-trial detention of opposition leader and Delhi Chief Minister Arvind...

Published 07 May, 2024 02:35pm

Luxury

Italian shoemaker Tod’s to court US lovers of quiet luxury

MILAN: An investment firm backed by LVMH is betting demand from wealthy Americans for quiet luxury will ensure its...

Published 07 May, 2024 02:30pm

Business & Finance

World Bank approves $138.5 million loan to Namibia

CAPE TOWN: The World Bank has approved a $138.5 million loan to help Namibia bolster its transmission network and...

Published 07 May, 2024 02:26pm

Stocks

Shell lifts Britain’s FTSE 100 to record high

The UK’s FTSE 100 cruised to a record high on Tuesday, coming off an extended weekend, boosted by Shell’s jump on...

Published 07 May, 2024 02:24pm

Sports

Ten Hag out of time at Man United, former players say

Erik ten Hag has run out of time at Manchester United and is unlikely to be given another year at the helm, former...

Published 07 May, 2024 01:47pm

Sports

Jessica Pegula unsure about French Open participation

World number five Jessica Pegula said she is feeling better after shaking off an injury that derailed her claycourt...

Published 07 May, 2024 01:45pm

Sports

British diver Tom Daley to compete at record fifth Games

Tom Daley is set to become the first British diver to compete at five Summer Olympics after being named in the team...

Published 07 May, 2024 01:42pm

Technology

Toyota to get an earnings lift from hybrids as EV hype cools

Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday,...

Published 07 May, 2024 01:40pm

Life & Style

Taylor Swift’s tour arrives to shake up Europe

PARIS: Having shaken four continents, Taylor Swift’s Eras Tour finally brings the biggest pop culture icon of the...

Published 07 May, 2024 01:29pm

Europe

Vladimir Putin inauguration set to prolong his two decades in power

MOSCOW: Russian President Vladimir Putin will be sworn into office at a lavish ceremony in the Kremlin on Tuesday,...

Published 07 May, 2024 01:26pm

Technology

Amazon says will invest $9 billion in Singapore

SINGAPORE: Amazon said Tuesday it would invest US$9 billion in Singapore over the next four years to expand its...

Published 07 May, 2024 01:17pm

Life & Style

Comics king Zep turns from toons to tunes

GENEVA: One of Europe’s top cartoonists Philippe Chappuis, better known as Zep, is swapping pencils and brushes for...

Published 07 May, 2024 01:14pm

Business & Finance

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

South Asia

India pulls most troops from Maldives before deadline

MALÉ: The Maldives has said India withdrew more than half of its troops deployed in its territory ahead of a Friday...

Published 07 May, 2024 12:38pm

Stocks

European stock markets climb at open

LONDON: European stock markets rose at the start of trading Tuesday as traders anticipate cuts to interest rates in...

Published 07 May, 2024 12:24pm

Forex

Indian rupee expected to draw support at 83.50-83.55/USD from central bank

MUMBAI: The Indian rupee is tipped to open little changed on Tuesday on persistent dollar demand and bets that the...

Published 07 May, 2024 12:20pm

Mutual Funds

India bond yields seen consolidating after recent decline

MUMBAI: Indian government bond yields are expected to consolidate on Tuesday, with the benchmark bond yield around...

Published 07 May, 2024 12:18pm

Mutual Funds

JGB yields mixed as BOJ keeps bond purchase offers unchanged

TOKYO: Japanese government bond (JGB) yields were mixed on Tuesday as the Bank of Japan (BOJ) left bond purchase...

Published 07 May, 2024 12:01pm

Business & Finance

Sri Lanka inks 20-year power purchase deal with India’s Adani Green

COLOMBO: Sri Lanka has entered into a 20-year power purchase agreement with India’s Adani Green Energy Ltd for two...

Published 07 May, 2024 11:48am

Asia

China lifts risk alert warning on bird flu in Serbia

BEIJING: China lifted the risk alert warning on bird flu in Serbia, the General Administration of Customs announced...

Published 07 May, 2024 11:41am

Energy

Saudi Aramco maintains dividend despite lower net income in Q1

DUBAI: Saudi Arabia’s state-owned oil giant Aramco reported a 14.4% fall in first-quarter net profit on the back of...

Published 07 May, 2024 11:36am

Europe

Dutch police end a pro-Palestinian demonstration at Amsterdam university

AMSTERDAM: Dutch riot police ended a pro-Palestinian demonstration at an Amsterdam university early on Tuesday,...

Published 07 May, 2024 11:29am

Business & Finance

German exports rise more than expected in March

German exports rebounded in March by 0.9% on the previous month, the federal statistics office reported on Tuesday....

Published 07 May, 2024 11:21am

South Asia

Inside Modi and BJP’s plan to win a supermajority

BARPETA/THIRUVANANTHAPURAM: As India votes in a six-week general election, Narendra Modi’s image adorns everything...

Published 07 May, 2024 11:11am

Commodities

South Korean firm tenders for up to 70,000 T corn, traders say

HAMBURG: An animal feed producer in South Korea has issued an international tender to purchase up to 70,000 metric...

Published 07 May, 2024 10:41am

Sports

Ravi Shastri expects big-hitting Dube to play a key role for India at T20 World Cup

NEW DELHI: Former India coach Ravi Shastri expects big-hitting Shivam Dube to set the T20 World Cup alight and says...

Published 07 May, 2024 10:38am

South Asia

India’s Modi casts his vote as giant election reaches half-way mark

AHMEDABAD: Prime Minister Narendra Modi voted early as India held the third phase of a massive general election on...

Published 07 May, 2024 10:32am

Stocks

Commodity stocks lift Australian shares; RBA decision on tap

Australian shares rose on Tuesday led by mining and energy stocks helped by firmer commodity prices, while investors...

Published 07 May, 2024 10:21am

Europe

Ukraine peace talks should include Russia, Chinese diplomat says

Beijing supports a peace conference on the Ukraine war that would see equal participation of all parties, Chinese...

Published 07 May, 2024 10:19am

Stocks

Indian shares set to join global rally on rate cut hopes

BENGALURU: Indian shares are likely to open higher on Tuesday, tracking a rally in global stocks on renewed...

Published 07 May, 2024 10:11am

Stocks

China stocks edge down; HK shares fall after 10-day winning streak

SHANGHAI: China stocks edged down on Tuesday, dragged by tech stocks, while foreign investors turned net sellers by...

Published 07 May, 2024 10:09am

Stocks

Japan’s Nikkei climbs on Fed rate-cut outlook, tech boost

TOKYO: Japan’s Nikkei share average jumped more than 1% on Tuesday, as investor sentiment brightened on higher bets...

Published 07 May, 2024 10:07am

Forex

Yen eases despite intervention threat, Aussie steady before RBA

TOKYO: The yen continued to drift lower against the dollar on Tuesday as gaping interest rate differentials weighed...

Published 07 May, 2024 10:04am

BR Research

Interview with Muhammad Azfar Ahsan – Pakistan’s former Minister for Investment

‘Saudi Arabia is serious about investing in Pakistan; ad hocism is a major hurdle’ Muhammad Azfar Ahsan is a...

Published 07 May, 2024 09:26am

BR Research

Energy prices take charge of WPI

The Wholesale Price Index (WPI) at 13.9 percent for April 2024 was at a 39-month low. It should spell good news for...

Published 07 May, 2024 09:30am

Two SNGPL-based urea fertiliser plants: MoI&P proposes extension in subsidised gas supply

ISLAMABAD: The Ministry of Industries and Production (MoI&P) has proposed an extension in subsidised gas supply...

Updated 07 May, 2024 09:26am

KSA highlights profundity of ties with Pakistan

Govt upbeat about Saudi investment

Updated 07 May, 2024 09:26am

147MW hydropower project: PD, NTDC should ink ‘standstill pact’ with Star: AG’s Office

ISLAMABAD: The Attorney General’s Office has proposed that Power Division and National Transmission and Despatch...

Updated 07 May, 2024 09:23am

SECP approves PIA’s Scheme of Arrangement

ISLAMABAD: The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between...

Updated 07 May, 2024 09:22am

Business & Finance

SECP allows offering of tailored pension allocation schemes

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced an enabling framework for...

Updated 07 May, 2024 09:22am

International investors meet Aurangzeb

ISLAMABAD: A delegation of international investors called on Federal Minister for Finance and Revenue Senator...

Updated 07 May, 2024 09:10am

Wheat fiasco points towards govt ‘negligence’

ISLAMABAD: The mismanagement associated with allowing wheat imports, which benefited the private sector and deprived...

Updated 07 May, 2024 08:52am

Iran, Pakistan seek ways to complete gas pipeline project

KARACHI: Iran and Pakistan are looking at ways to complete a long-delayed gas pipeline project between the two...

Updated 07 May, 2024 08:52am

ECC all set to approve enhancement of wheat target

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve enhancement of wheat...

Updated 07 May, 2024 08:51am

BR’s refresher: your morning briefing for the day

Important updates from May 6, 2024

Published 07 May, 2024 08:43am

Coal for project: KE seeks govt support

ISLAMABAD: K-Electric (KE) has sought support from federal government for allocation of coal for its 300 MW Mine...

Updated 07 May, 2024 08:39am

Business & Finance

ECC to meet today

ISLAMABAD: Finance Minister Muhammad Aurangzeb has convened a meeting of the Economic Coordination Committee (ECC)...

Updated 07 May, 2024 08:38am

Pakistan

The Weather

KARACHI: The weather report on Monday (May 06, 2024) and the forecast for Tuesday (May 07, 2024)...

Published 07 May, 2024 08:05am

Industry

TRACIT recommends ‘Anti-Illicit Trade Coordinator’ to deal with challenge of illicit trade

ISLAMABAD: The Transnational Alliance to Combat Illicit Trade (TRACIT) recommended “Anti-Illicit Trade...

Published 07 May, 2024 08:05am

Pakistan

Students: Sharjeel says govt plans to conduct random tests for drugs

KARACHI: Minister for Information, Excise, Taxation, Narcotics Control, Transport and Mass Transit Sharjeel Inam...

Published 07 May, 2024 08:03am

Taxes

Raising tobacco taxes: experts say significant progress made

ISLAMABAD: Pakistan has made significant progress in raising tobacco taxes with new recommendations of the World...

Updated 07 May, 2024 08:02am

World

Erdogan opens former church to Muslim worshippers

ISTANBUL: Turkey on Monday reopened a mosque converted from an ancient Orthodox church in Istanbul for Muslim...

Published 07 May, 2024 07:59am

USA

Judge fines Trump again in criminal trial, warns of jail time

NEW YORK: The judge in Donald Trump’s criminal trial fined him $1,000 and held him in contempt of court for a 10th...

Published 07 May, 2024 07:57am

Money & Banking

India’s 6-week long national election leaves cenbank with liquidity dilemma

MUMBAI: India’s central bank is stepping in to ease banking system liquidity conditions as a national election...

Published 07 May, 2024 07:43am

Commodities

Palm oil rises tracking soyoil, but export concerns linger

SINGAPORE: Malaysian palm oil futures closed higher on Monday, tracking gains in rival soyoil prices, although...

Published 07 May, 2024 07:43am

World

IAEA chief seeks tougher nuclear checks in Iran, with limited leverage

VIENNA: UN nuclear watchdog chief Rafael Grossi flew to Iran on Monday hoping to bolster his agency’s oversight of...

Published 07 May, 2024 07:43am

Europe

EU clears $14.9bn purchase of US Steel by Japan’s Nippon

BENGALURU: The European Union cleared US Steel’s $14.9 billion buyout by Japan’s Nippon Steel on Monday, ...

Published 07 May, 2024 07:41am

Europe

Russia threatens strikes on UK military targets in Ukraine ‘and beyond’

MOSCOW: Moscow on Monday said it that it could launch strikes at British military targets inside Ukraine and...

Published 07 May, 2024 07:40am

South Asia

BJP’s election videos targeting Muslims and opposition spark outrage

NEW DELHI: Animated videos shared by Prime Minister Narendra Modi’s party targeting opposition Congress and the...

Published 07 May, 2024 07:39am

Commodities

Gold gains on soft dollar, rate cut hopes

NEW YORK: Gold prices climbed more than 1 percent on Monday, as the US dollar weakened after softer-than-expected US...

Published 07 May, 2024 07:38am

Commodities

Shanghai lead prices near 6-year high

SHANGHAI: Lead prices in Shanghai surged to near their highest in six years on Monday, driven by a supply tightness...

Published 07 May, 2024 07:37am

Cotton & Textile

Cotton market remains bearish with low volume

LAHORE: The local cotton market on Monday remained bearish and the trading volume remained low. Cotton analyst ...

Published 07 May, 2024 07:36am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (May 06, 2024)...

Updated 07 May, 2024 07:35am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 283,995 tonnes of cargo comprising 91,949 tonnes of import cargo and 192,046 ...

Published 07 May, 2024 07:34am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 38.215...

Published 07 May, 2024 07:32am

Energy

US natgas flows to Freeport LNG in Texas rise to 2-month high

NEW YORK: The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on...

Published 07 May, 2024 07:31am

Commodities

Russian wheat export prices continue to rise

MOSCOW: Russian wheat export prices continued to rise last week as volatile weather conditions made crop forecasts...

Published 07 May, 2024 07:31am

Energy

Oil climbs as Gaza tensions rise, KSA hikes prices

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect...

Published 07 May, 2024 07:30am

Commodities

Shanghai copper falls on first trading session after holiday

Shanghai: Shanghai copper prices fell on Monday tracking losses in London, amid a firmer dollar and a lack of clear...

Published 07 May, 2024 07:29am

Commodities

Iron ore climbs on China property stimulus

SINGAPORE: Iron ore futures prices rose on Monday as investor sentiment was bolstered by China’s efforts to revive...

Updated 07 May, 2024 07:28am

Stocks

Most Gulf markets muted as Mideast tension rises

DUBAI: Most stock markets in the Gulf were subdued on Monday amid rising fears the Israel-Hamas conflict could still...

Published 07 May, 2024 07:27am

Stocks

China shares book catch-up rally

SHANGHAI: Mainland Chinese shares staged a catch-up rally tracking their regional peers on Monday as investors...

Published 07 May, 2024 07:25am

Stocks

European shares close at highest in week

PARIS: European shares closed at their highest levels in one week on Monday, with investor optimism over interest...

Published 07 May, 2024 07:24am

Stocks

Wall Street climbs on renewed hopes of rate cuts

NEW YORK: US stock indexes extended last week’s gains on Monday as investors saw a greater chance of the Federal...

Published 07 May, 2024 07:23am

Money & Banking

Indian rupee ends weaker

MUMBAI: The Indian rupee ended lower on Monday as dollar demand from local oil companies and other importers,...

Published 07 May, 2024 07:22am

Money & Banking

Yuan surges to 6-week high

SHANGHAI: China’s yuan had a catch-up rally and surged to a six-week high against the dollar on Monday, the first...

Published 07 May, 2024 07:21am

Money & Banking

Dollar weaker on renewed Fed rate cut hopes

NEW YORK: The dollar index was lower on Monday for a fourth straight session as a softer-than-expected US jobs ...

Published 07 May, 2024 07:18am

Money & Banking

Australian dollar firmer

SYDNEY: The Australian dollar edged higher on Monday as investors wagered the country’s central bank would sound...

Published 07 May, 2024 07:17am

Pakistan

Action begins against quacks across Punjab: minister

LAHORE: Provincial Health Minister Khawaja Salman Rafique said on Monday that Chief Minister Maryam Nawaz Sharif is...

Published 07 May, 2024 07:16am

Middle East

Iraq hangs 11 convicted of ‘terrorism’

NASIRIYAH: Iraqi authorities on Monday executed by hanging 11 people convicted of “terrorism”, security and...

Published 07 May, 2024 07:13am

Middle East

Rafah residents flee strikes after Israeli evacuation order

Biden urged Israel not to press ahead with an assault on Rafah

WARSAW: Poland’s government said Monday it is financing the operation of 20,000 Starlink internet devices in Ukraine...

Published 07 May, 2024 12:50am

Currency	Rate
USD PKR Interbank Selling / Aug 4	277.96
USD PKR Interbank Buying / Aug 4	277.76
USD to Japanese Yen / Aug 4	157.55
USD to Swiss Franc / Aug 4	0.81
Pound Sterling to USD / Aug 4	1.34
Euro to USD / Aug 4	1.15
SOFR % / Aug 4	3.66

Stock	Volume
S&P 500 / Aug 4	7,736.52
India Sensex / Aug 4	78,428.95
Tokyo Nikkei / Aug 4	63,957.53
Nasdaq / Aug 4	26,584.99
Hang Seng / Aug 4	25,852.92
FTSE 100 / Aug 4	10,879.38
Dow Jones / Aug 4	54,085.88
Germany DAX 30 / Aug 4	26,202.35
France CAC40 / Aug 4	8,666.63

Item	Value
Crude Oil USD/Barrel / Aug 4	75.86
Karachi Cotton PKR/37.32 KG / Aug 4	18,780
Gold 10 Grams PKR / Aug 4	366,886
Gold Spot USD/Ounce / Aug 4	4,088.17
Cotton US¢/pound / Aug 4	82.12
Petrol/Litre / Aug 5	328.56
Diesel/Litre / Aug 5	385.86

Stock	Price
786 Invest Ltd / Aug 5 786 Investments Limited(786)	28.57 ▲ 2.6 (10.01%)
First Tri-Star Mod. / Aug 5 First Tri-Star Modaraba(FTSM)	38.34 ▲ 3.49 (10.01%)
Husein Industries / Aug 5 Husein Industries Limited(HUSI)	66.61 ▲ 6.06 (10.01%)
East West Ins. / Aug 5 East West Insurance Company Limited(EWIC)	60.52 ▲ 5.5 (10%)
Gadoon Textile / Aug 5 Gadoon Textile Mills Limited(GADT)	340 ▲ 30.91 (10%)
J.A.Textile / Aug 5 J.A. Textile Mills Limited(JATM)	51.58 ▲ 4.69 (10%)
Suhail Jute / Aug 5 Suhail Jute Mills Limited(SUHJ)	261.12 ▲ 23.74 (10%)
Tri-Star Power / Aug 5 Tri-Star Power Limited(TSPL)	18.50 ▲ 1.68 (9.99%)
Asim Textile / Aug 5 Asim Textile Mills Limited(ASTM)	51.08 ▲ 4.64 (9.99%)
Redco Textile / Aug 5 Redco Textiles Limited(REDCO)	33.37 ▲ 3.03 (9.99%)

Stock	Price
Mehmood Tex / Aug 5 Mehmood Textile Mills Limited(MEHT)	152.98 ▼ -17 (-10%)
Trust Mod. / Aug 5 Trust Modaraba(TRSM)	21.56 ▼ -2.39 (-9.98%)
Olympia Mills / Aug 5 Olympia Mills Limited(OML)	108.44 ▼ -11.88 (-9.87%)
Nets Internat.Comm. / Aug 5 Nets International Communication Limited(GEMNETS)	21.55 ▼ -1.95 (-8.3%)
Fateh Ind. / Aug 5 Fateh Industries Limited(FIL)	313.15 ▼ -28.26 (-8.28%)
Power Cem(Pref) / Aug 5 Power Cement (Pref)(POWERPS)	26.31 ▼ -1.93 (-6.83%)
Aisha Steel(ConPS) / Aug 5 Aisha Steel(ConPS)(ASLPS)	29.40 ▼ -2.15 (-6.81%)
Saritow Spinning / Aug 5 Saritow Spinning Mills Limited(SSML)	23.22 ▼ -1.57 (-6.33%)
Mughal Iron & Steel(C) / Aug 5 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	61 ▼ -4 (-6.15%)
TPL Insurance / Aug 5 TPL Insurance Limited(TPLI)	61.10 ▼ -3.71 (-5.72%)

Stock	Volume
Trust Sec.& Brok. / Aug 5 Trust Securities & Brokerage Limited(TSBL)	38,472,178 ▼ -0.1
Cnergyico PK / Aug 5 Cnergyico PK Limited(CNERGY)	31,944,450 ▲ 0.11
B.O.Punjab / Aug 5 The Bank of Punjab(BOP)	25,968,327 ▲ 0.81
WorldCall Telecom / Aug 5 Worldcall Telecom Limited(WTL)	24,978,497 ▲ 0.05
Dadabhoy Cement / Aug 5 Dadabhoy Cement Industries Limited(DBCI)	19,297,094 ▲ 0.18
Pak Refinery / Aug 5 Pakistan Refinery Limited(PRL)	15,057,276 ▲ 1.7
F. Nat.Equities / Aug 5 First National Equities Limited(FNEL)	14,286,838 ▲ 0.01
Sui South Gas / Aug 5 Sui Southern Gas Company Limited(SSGC)	14,017,578 ▲ 0.26
Pak Int.Bulk / Aug 5 Pakistan International Bulk Terminal(PIBTL)	12,816,583 ▲ 0.02
LSE Capital / Aug 5 LSE Capital Limited(LSECL)	11,826,022 ▲ 0.3