News Archives for Latest - 2024-05-20

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Archive - 2024-05-20

Pakistan

Punjab Assembly passes controversial Defamation Bill 2024

The bill imposes up to Rs3 million fines for spreading misinformation on social media

Updated 21 May, 2024 12:04am

Europe

Western aid to Ukraine too slow, risks from U.S. election limited, Zelenskiy says

KYIV: Western allies are taking too long to make key decisions on military support for Ukraine, President Volodymyr...

Published 20 May, 2024 10:47pm

World

Biden says ICC move on arrest warrants for Israeli leaders ‘outrageous’

WASHINGTON: U.S. President Joe Biden on Monday slammed the International Criminal Court prosecutor’s application for...

Published 20 May, 2024 10:34pm

Middle East

World leaders mourn Ebrahim Raisi death

World leaders expressed sorrow over the death of Iranian President Ebrahim Raisi and other officials in a helicopter...

Updated 20 May, 2024 10:28pm

Pakistan

Info minister says will consult journalist associations on Digital Media Authority legislation

Attaullah Tarar says no unilateral legislation is planned regarding the authority's establishment

Updated 20 May, 2024 10:23pm

World

Source close to Hezbollah says 4 dead in Israeli strikes on Lebanon

BEIRUT: A source close to Hezbollah said four fighters were killed Monday in south Lebanon, with the Iran-backed...

Published 20 May, 2024 10:21pm

Middle East

Iranian President Ebrahim Raisi killed in helicopter crash, official says

Search teams locate the wreckage in East Azerbaijan province

Updated 20 May, 2024 10:18pm

Stocks

KSE-100 snaps 7-session rally, closes over 250 points lower

After hitting record highs last week, the Pakistan Stock Exchange (PSX) witnessed some consolidation on Monday as...

Updated 20 May, 2024 10:15pm

Middle East

ICC prosecutor seeks arrest warrants for Israeli PM, defence chief and 3 Hamas leaders

Decision equates victim with executioner, Hamas official says

Updated 20 May, 2024 10:12pm

Pakistan

Punjab govt announces 7-day holiday for schools amid heatwave

The Punjab government on Monday announced a seven-day holiday for public and private schools across the province due...

Updated 20 May, 2024 10:11pm

Pakistan

IHC comments in Ahmed Farhad abduction case ‘shocking’, says Law Minister

Azam Nazeer Tarar says the constitution protects the army and government

Published 20 May, 2024 09:48pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 278.3 in inter-bank market

Updated 20 May, 2024 09:38pm

Commodities

Gold price per tola jumps Rs2,300 in Pakistan, crosses Rs250k

Gold prices recorded back-to-back massive jumps in Pakistan on Monday in line with the increase in the international...

Updated 20 May, 2024 09:27pm

Middle East

Iran chief of staff orders probe into presidential helicopter crash: media

TEHRAN: Iran’s military chief of staff Mohammad Bagheri ordered on Monday a probe into the cause of a helicopter...

Published 20 May, 2024 08:38pm

Sports

England relish ‘fear factor’ of returning paceman Archer

LONDON: England are eager to unleash Jofra Archer’s “fear factor” against Pakistan as the paceman prepares to return...

Published 20 May, 2024 08:31pm

Money & Banking

US inflation fight will take ‘further time’: senior Fed official

WASHINGTON: The US Federal Reserve should keep interest rates at their current elevated levels for longer than...

Published 20 May, 2024 08:28pm

Stocks

US stocks begin week mixed after record highs

NEW YORK: Wall Street stocks were mixed early Monday as markets digest records in the prior week while looking ahead...

Published 20 May, 2024 08:26pm

Money & Banking

SBP gives go-ahead to Bank Alfalah to conduct due diligence of Samba Bank

The State Bank of Pakistan (SBP) has granted its approval to Bank Alfalah Limited to commence due diligence of Samba...

Updated 20 May, 2024 08:07pm

Markets

Tax proposals: PBC calls for ‘out of box solutions’

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

Updated 20 May, 2024 08:06pm

Govt eyeing new steps to achieve Rs1trn plus taxation

Budget makers are considering further increasing difference of withholding tax rates between filers and non-filers of returns

Updated 20 May, 2024 07:05pm

South Asia

Indian police arrest 4 Sri Lankans for suspected Islamic State links

AHMEDABAD: India’s anti-terror police have arrested four Sri Lankan nationals in the western Indian city of...

Published 20 May, 2024 06:59pm

South Asia

Chinese foreign minister meets Russia’s Lavrov, calls for close cooperation

BEIJING: China and Russia should increase mutual support, stabilise the foundation of their cooperation and maintain...

Published 20 May, 2024 06:48pm

Stocks

Gulf markets drop as political uncertainty rises

Most stock markets in the Gulf slipped on Monday amid political uncertainty in the region after Iran’s president...

Published 20 May, 2024 06:44pm

USA

Trump trial resumes, closing arguments expected next week

NEW YORK: Donald Trump’s trial on charges of covering up hush money payments to a porn star began inching towards...

Published 20 May, 2024 06:34pm

Pakistan

CJCSC Gen Mirza, Australian defence chief discuss regional security

Both sides reiterate their resolve to further strengthen and enhance security and defence cooperation, according to ISPR

Published 20 May, 2024 05:48pm

Pakistan

BSEK postpones matric exams in Karachi due to severe heat

The Board of Secondary Education Karachi (BSEK) on Monday postponed the upcoming examination for nine and matric...

Published 20 May, 2024 05:42pm

Europe

Two killed by Russian shelling in south Ukraine

KYIV: Russian shelling killed two people in southern Ukraine, regional authorities said Monday, after the country...

Published 20 May, 2024 05:41pm

Middle East

35,562 Palestinians killed in Gaza offensive since Oct. 7

DUBAI: More than 35,562 Palestinians have been killed and 79,652 injured in the Israeli military offensive on Gaza...

Published 20 May, 2024 05:41pm

Energy

Oil steadies after death of Iran’s president, Saudi king’s ill health

LONDON: Oil prices held steady on Monday amid political uncertainty in major producing countries after Iran’s...

Updated 20 May, 2024 05:37pm

Middle East

Strikes pound Gaza as Israel voices ‘duty’ to expand Rafah incursion

RAFAH: Air strikes and shelling hit Gaza on Monday, witnesses said, as battles raged in the besieged territory’s...

Published 20 May, 2024 05:35pm

Europe

Russia ready to assist Iran in Raisi crash investigation, says Shoigu

MOSCOW: Russia is ready to provide assistance to Iran’s investigation into the cause of the helicopter crash that...

Published 20 May, 2024 05:32pm

Europe

Greece urges EU defend consumers against multinationals

ATHENS: Greek Prime Minister Kyriakos Mitsotakis called on the EU to take on multinationals unfairly restricting the...

Published 20 May, 2024 05:29pm

Energy

Saudi Arabia’s crude exports hit nine-month high in March

Saudi Arabia’s crude oil exports rose for the second straight month in March, reaching their highest in nine months,...

Published 20 May, 2024 05:19pm

Stocks

Speculative frenzy propels copper to records above $11,000/T

LONDON: Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for...

Published 20 May, 2024 05:13pm

Stocks

Sri Lankan shares end lower as financials, consumer staples drag

BENGALURU: Sri Lankan shares closed lower on Monday, dragged by financials and consumer staples stocks. The CSE All...

Published 20 May, 2024 05:09pm

Movies & Music

Sean ‘Diddy’ Combs apologizes after video depicting attack on ex-girlfriend

Music mogul Sean “Diddy” Combs posted an apology to social media on Sunday, two days after the release of hotel...

Published 20 May, 2024 03:12pm

Forex

Ugandan shilling weaker as ratings downgrade spooks commercial banks

KAMPALA: The Ugandan shilling was a notch weaker on Monday, after a downgrade of the country’s credit rating spooked...

Published 20 May, 2024 03:05pm

Stocks

Mainland China stocks close higher, lifted by high-flying gold shares

SHANGHAI: Mainland China and Hong Kong shares finished higher on Monday, on the back of gold and non-ferrous metal...

Published 20 May, 2024 03:02pm

Stocks

Gold, copper rally propels London stocks higher

London equities kicked off the week on a positive note, helped by a rally among metal miners and defence stocks,...

Published 20 May, 2024 02:58pm

Stocks

Surging commodity stocks prop up European shares

European shares inched up on Monday but gains remained in check as a rise in commodity-linked stocks was offset by...

Published 20 May, 2024 02:55pm

Movies & Music

Trump biopic hits Cannes Film Festival

CANNES, France: A Donald Trump biopic and the latest dark creation by David Cronenberg premiere in Cannes on Monday...

Published 20 May, 2024 02:48pm

Sports

Harry Kane to face old club Spurs for first time in Seoul

SEOUL: England captain Harry Kane will face his old club Tottenham Hotspur and former strike partner Son Heung-min...

Published 20 May, 2024 01:50pm

Life & Style

Hollywood icons Costner and Demi Moore make Cannes comeback

CANNES: Two Hollywood legends made their comeback at the Cannes Film Festival on Sunday, as Kevin Costner launched...

Updated 20 May, 2024 01:48pm

Europe

Vladimir Putin says Iran’s Raisi was an ‘outstanding’ leader

MOSCOW: Russian President Vladimir Putin on Monday hailed Iranian President Ebrahim Raisi as an “outstanding...

Published 20 May, 2024 01:47pm

Middle East

Hossein Amir-Abdollahian, Iran’s top diplomat

TEHRAN: Iranian foreign minister Hossein Amir-Abdollahian, who has died in a helicopter crash along with president...

Published 20 May, 2024 01:42pm

Movies & Music

Business and Bollywood vote in India’s election

MUMBAI: India’s financial capital Mumbai began voting when six-week national elections resumed on Monday, with much...

Updated 20 May, 2024 01:40pm

Europe

UK and Finland to deepen ties in face of ‘Russian aggression’: London

LONDON: Britain and Finland will sign a new strategic partnership on Monday to strengthen ties and counter the...

Published 20 May, 2024 01:26pm

Sports

Three talking points ahead of 2024 French Open

PARIS: The 2024 French Open gets underway at Roland Garros on Sunday with Novak Djokovic and Iga Swiatek defending...

Published 20 May, 2024 01:11pm

Stocks

Hong Kong stocks extend rally at open

HONG KONG: Hong Kong stocks continued their long-running rally with another advance at the open Monday, boosted by...

Published 20 May, 2024 01:06pm

Europe

London court set to rule on Julian Assange extradition

LONDON: WikiLeaks founder Julian Assange could find out on Monday whether he has won a reprieve in his last-ditch UK...

Published 20 May, 2024 01:04pm

South Asia

India’s Modi says ‘deeply saddened and shocked’ by Raisi’s death

NEW DELHI: Indian Prime Minister Narendra Modi said Monday he was “deeply saddened and shocked by the tragic demise”...

Published 20 May, 2024 12:14pm

Africa

African Union ‘strongly condemns’ DR Congo coup bid

NAIROBI: The head of the African Union Commission said he was following events in the Democratic Republic of Congo...

Published 20 May, 2024 12:23pm

Sports

High-priced Cummins, Starc face off as IPL enters playoffs

AHMEDABAD: The two highest-priced players in the IPL – Australia teammates Pat Cummins and Mitchell Starc – will go...

Published 20 May, 2024 12:18pm

Companies

Ryanair annual profit jumps on higher demand, fares

LONDON: Irish no-frills carrier Ryanair on Monday said group net profit jumped a third to 1.92 billion euros in its...

Published 20 May, 2024 12:09pm

Sports

South Korea name new caretaker as search goes on for Klinsmann successor

SEOUL: South Korea said Monday they will have another caretaker coach in charge when they look to seal their place...

Published 20 May, 2024 11:57am

Stocks

Asia shares touch two-year top as China plans property boost

SINGAPORE: Asian shares started the week by rallying two-year highs on Monday, buoyed by China’s strongest measures...

Published 20 May, 2024 11:15am

Pakistan

‘Not an experiment’: At 59, Miftah Ismail is hoping for a sweet transition with political party launch

KARACHI: At 59, Dr Miftah Ismail can lead a sweet life. A little over 31% share in a company valued by stock market...

Updated 20 May, 2024 11:14am

Sports

Xander Schauffele finally adds some major silverware to Olympic gold

Xander Schauffele finally added some elusive silverware to his Olympic gold, shedding the title of golf’s nearly man...

Published 20 May, 2024 10:56am

Commodities

China’s April aluminium imports jump 72.1% year-on-year

BEIJING: China’s April imports of unwrought aluminium and products jumped 72.1% on-year to 380,000 metric tons,...

Published 20 May, 2024 10:43am

Asia

Saudi crown prince postpones Japan trip citing king’s health, Tokyo says

TOKYO: Saudi Arabian Crown Prince Mohammed bin Salman has postponed his visit to Japan scheduled to begin on Monday...

Published 20 May, 2024 10:41am

South Asia

India begins voting in fifth phase as Mumbai, Gandhi family boroughs head to polls

MUMBAI: India began voting in the fifth phase of its mammoth general elections on Monday, with seats in the...

Published 20 May, 2024 10:35am

Foreign investors pressurise govt for remitting dividends

ISLAMABAD: Foreign investors are said to be mounting pressure on dollar-starved Islamabad for remitting dividends to...

Updated 20 May, 2024 10:31am

Commodities

Copper hits record high on China’s property support measure

Prices of copper hit record highs in London and Shanghai on Monday on property stimulus measures and...

Published 20 May, 2024 10:27am

Forex

Australian dollar buoyant near 4-month highs as commodity prices surge

SYDNEY: The Australian dollar hovered near a four-month top on Monday, supported by a surge in commodity prices...

Published 20 May, 2024 10:23am

Two key HPPs: Sinosure agrees to implement

China’s insurance company shows willingness to implement 700-MW Azad Pattan Hydropower Project and 1124-MW Kohala Hydropower Project worth billions of dollars on guidance from Beijing

Updated 20 May, 2024 10:21am

Energy

Russia is China’s top oil supplier for a 12th month in April

Russia China’s top oil supplier in April for a 12th month, with volumes rising 30% from a year earlier, official...

Published 20 May, 2024 10:20am

Forex

China’s yuan eases as investors weigh property rescue measures

SHANGHAI: China’s yuan eased slightly against the dollar on Monday, as investors studied Beijing’s latest measures...

Published 20 May, 2024 10:13am

Commodities

Wheat rises 1%, Brazilian floods limit decline in soybean prices

SINGAPORE: Chicago wheat prices bounced back on Monday, with the market climbing more than 1% as worries over...

Published 20 May, 2024 10:09am

World

Who is Mohammad Mokhber, Iran’s interim president?

Here are some key facts about Mohammad Mokhber, 68, Iran’s first vice president who became interim president on the...

Published 20 May, 2024 10:02am

BR Research

No-growth policy working

The current account is in surplus ($491 mn in April 2024) for yet another month. The 10MFY24 deficit is a meager...

Updated 20 May, 2024 10:02am

Business & Finance

China’s exports to North Korea swing to growth in April

BEIJING: China’s exports to North Korea in April rose at a marginal pace from a year earlier, reversing an annual...

Published 20 May, 2024 09:56am

Bullion Rate

Gold prices climb to record high on US rate-cut optimism

Gold prices climbed to a record high on Monday after US economic data last week cemented bets that the Federal...

Published 20 May, 2024 09:54am

Stocks

Miners push Australia shares higher, central bank minutes in focus

Australian shares rose on Monday, with heavyweight mining stocks leading gains as metal prices surged on the back of...

Published 20 May, 2024 09:51am

Stocks

Japan’s Nikkei reclaims 39,000 level for first time since April

TOKYO: Japan’s Nikkei share average rose more than 1% on Monday, hitting 39,000 points for the first time in a month...

Published 20 May, 2024 09:45am

Forex

Dollar steady as traders await clues on US rate path

SINGAPORE: The dollar was broadly steady on Monday as investors awaited further clues to help chart the US interest...

Published 20 May, 2024 09:42am

PM for safe repatriation of students

ISLAMABAD: Prime Minister Shehbaz Sharif has instructed Pakistan’s embassy in Kyrgyzstan to make all necessary...

Updated 20 May, 2024 09:23am

UK to spend $12.7bn on compensation in infected-blood scandal

LONDON: Britain will spend more than 10 billion pounds ($12.70 billion) compensating thousands of people who were...

Updated 20 May, 2024 09:22am

Govt evacuates hundreds of students from Kyrgyz capital

ISLAMABAD: A special flight carrying 180 Pakistani students and passengers from Kyrgyzstan landed in Islamabad...

Updated 20 May, 2024 09:22am

BR Research

Misery meets company

If the worthy reader too cannot keep up with the barrage of news on price cuts being offered by various automobile...

Published 20 May, 2024 08:49am

Turkish FM arrives

ISLAMABAD: Foreign Minister of Türkiye Hakan Fidan arrived in Islamabad on a two-day official visit on Sunday. He...

Updated 20 May, 2024 08:41am

PBA planning to establish ‘SME, agriculture index’

ISLAMABAD: Pakistan Banks’ Association (PBA) is planning to establish “SME and Agriculture Index” to target the...

Updated 20 May, 2024 08:40am

Biden reaches out to Morehouse grads on Gaza to muted applause

ATLANTA: US President Joe Biden told Morehouse College graduates not to give up on American democracy in a somber...

Updated 20 May, 2024 08:39am

BR Research

Interview with Ali Majid - General Manager, LONGi Pakistan Branch

‘LONGi's market share in Pakistan has been the highest among other players’ Ali Majid is a seasoned marketing...

Published 20 May, 2024 08:39am

MBS, Biden aide discuss ‘semi-final’ security deal

RIYADH: Saudi Arabia’s de facto ruler and a top aide to US President Joe Biden have discussed a “semi-final” version...

Updated 20 May, 2024 08:39am

Blue Origin flies thrill seekers to space after two-year hiatus

WASHINGTON: Blue Origin flew adventurers to the final frontier on Sunday for the first time in nearly two years,...

Updated 20 May, 2024 08:39am

BR’s refresher: your morning briefing for the day

Important updates from May 18 and May 19, 2024

Published 20 May, 2024 08:36am

Pakistan

Knowledge-based exchange/training programme: Governor, APTMA patron-in-chief present shields to Uzbek participants

LAHORE: In a significant initiative to foster international industrial collaboration, Governor of Punjab, Sardar...

Updated 20 May, 2024 06:56am

Pakistan

President, PM concerned at Raisi’s helicopter experiencing a difficult landing incident

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif have expressed deep concerns about the...

Published 20 May, 2024 05:44am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday May 19, 2024

Published 20 May, 2024 12:01am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 5	277.95
USD PKR Interbank Buying / Aug 5	277.75
USD to Japanese Yen / Aug 5	157.77
USD to Swiss Franc / Aug 5	0.81
Pound Sterling to USD / Aug 5	1.35
Euro to USD / Aug 5	1.15
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 4	7,736.52
Nasdaq / Aug 4	26,584.99
Dow Jones / Aug 4	54,085.88
India Sensex / Aug 5	78,847.15
Tokyo Nikkei / Aug 5	66,300.44
Hang Seng / Aug 5	25,915.82
FTSE 100 / Aug 5	10,894.49
Germany DAX 30 / Aug 5	26,227.46
France CAC40 / Aug 5	8,671.09

Item	Value
Crude Oil USD/Barrel / Aug 5	76.02
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Gold Spot USD/Ounce / Aug 5	4,221.30
Cotton US¢/pound / Aug 5	82.62
Petrol/Litre / Aug 6	333.01
Diesel/Litre / Aug 6	383.86

Gainers
Losers
Leaders

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%)
Shams Textile / Aug 5 Shams Textile Mills Limited(STML)	55.74 ▲ 5.07 (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%)
Olympia Mills / Aug 5 Olympia Mills Limited(OML)	108.29 ▼ -12.03 (-10%)
Trust Mod. / Aug 5 Trust Modaraba(TRSM)	21.56 ▼ -2.39 (-9.98%)
Aisha Steel(ConPS) / Aug 5 Aisha Steel(ConPS)(ASLPS)	28.43 ▼ -3.12 (-9.89%)
Tariq Corporation / Aug 5 Tariq Corporation Limited(TCORP)	19.31 ▼ -1.99 (-9.34%)
Nets Internat.Comm. / Aug 5 Nets International Communication Limited(GEMNETS)	21.56 ▼ -1.94 (-8.26%)
Masood Textile / Aug 5 Masood Textile Mills Limited(MSOT)	142.20 ▼ -11.47 (-7.46%)
ARM Green Industries / Aug 5 ARM Green Industries Limited(ARMG)	61.15 ▼ -4.85 (-7.35%)
Grays Leasing / Aug 5 Grays Leasing Limited(GRYL)	21.66 ▼ -1.67 (-7.16%)
Shahtaj Sugar / Aug 5 Shahtaj Sugar Mills Limited(SHJS)	177.41 ▼ -12.45 (-6.56%)

Stock	Volume
Trust Sec.& Brok. / Aug 5 Trust Securities & Brokerage Limited(TSBL)	52,879,995 ▼ -0.13
WorldCall Telecom / Aug 5 Worldcall Telecom Limited(WTL)	42,520,544 ▲ 0.03
Cnergyico PK / Aug 5 Cnergyico PK Limited(CNERGY)	40,200,390 ▲ 0.05
B.O.Punjab / Aug 5 The Bank of Punjab(BOP)	40,114,047 ▲ 1.05
Unity Foods Ltd / Aug 5 Unity Foods Limited(UNITY)	26,759,807 ▲ 1.01
TPL Properties / Aug 5 TPL Properties Limited(TPLP)	25,273,545 ▼ -0.16
Samba Bank / Aug 5 Samba Bank Limited(SBL)	23,483,908 ▲ 1.07
Pak Refinery / Aug 5 Pakistan Refinery Limited(PRL)	22,036,197 ▲ 0.95
Dadabhoy Cement / Aug 5 Dadabhoy Cement Industries Limited(DBCI)	21,526,182 ▼ -0.51
Pak Int.Bulk / Aug 5 Pakistan International Bulk Terminal(PIBTL)	20,001,936 ▲ 0.04

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