News Archives for Latest - 2024-05-21

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Travel

Istanbul’s century-old streetcar gets a makeover

ISTANBUL: Istanbul’s emblematic red and white trams, built over 100 years ago and loved by both locals and tourists,...

Published 21 May, 2024 11:26pm

World

WHO chief asks Israel to ease curbs on Gaza medical aid

GENEVA: The head of the World Health Organization (WHO) called on Tuesday for Israel to lift restrictions on aid...

Published 21 May, 2024 11:18pm

Europe

Ukraine says it destroys Russian missile ship in Crimea strike

The Ukrainian military said on Tuesday it destroyed the last Russian warship armed with cruise missiles that was...

Published 21 May, 2024 11:13pm

Pakistan

PTI’s Parvez Elahi released from jail

Former Chief Minister Punjab and Pakistan Tehreek-e-Insaf (PTI) President Parvez Elahi was released from Kot Lakhpat...

Published 21 May, 2024 10:41pm

Middle East

Israel shuts down Associated Press live video feed of Gaza

OCCUPIED JERUSALEM: Israel said it had shut down an Associated Press live video feed of Gaza on Tuesday, sparking a...

Updated 21 May, 2024 10:26pm

Luxury

Bulgari ambassador Priyanka Chopra debuts 140-carat diamond necklace worth $43mn

Brand launched their latest High Jewelry collection, 'Aeterna' in Rome

Updated 21 May, 2024 10:14pm

Business & Economy

Agri, industries perform: Pakistan posts 2.09% growth in Q3FY24, says NAC

Revises Q1 and Q2 estimates upwards to 2.71% and 1.79%, respectively
Targets GDP growth of 2.4% in FY24

Updated 21 May, 2024 10:07pm

Middle East

Funerary procession to be held for late president in Iran’s northwest

TEHRAN: Iranians gathered on Tuesday to mourn at the funerary procession of president Ebrahim Raisi in the...

Updated 21 May, 2024 10:06pm

Money & Banking

RDA inflow declines 6%, clocks in at $171mn in April

Inflows through the Roshan Digital Account (RDA) clocked in at $171 million in April, a fall of over 6% compared to...

Updated 21 May, 2024 09:47pm

Currency

Rupee registers marginal loss against US dollar

Currency settles at 278.39 against US dollar in inter-bank market

Updated 21 May, 2024 09:46pm

Pakistan

Over 1,000 relief camps set up as Pakistan braces for heatwave

Pakistan Meteorological Department says temperatures expected to hit as high as 50°C in parts of rural Sindh

Updated 21 May, 2024 09:35pm

Energy

Oil falls 1% as sticky US inflation weighs on demand at the pump

HOUSTON: Oil prices fell more than 1% on Tuesday as lingering U.S. inflation was poised to keep interest rates...

Updated 21 May, 2024 09:30pm

Europe

Russia starts tactical nuclear drills near Ukraine

MOSCOW: Russia on Tuesday announced the start of tactical nuclear weapons drills close to Ukraine, in what it said...

Published 21 May, 2024 09:20pm

Sports

Salah hints at Liverpool stay, targets trophies next season

LONDON: Mohamed Salah said Liverpool “will fight like hell” to win trophies next season as the Egyptian hinted he...

Published 21 May, 2024 09:18pm

USA

Trump doesn’t testify, defense rests case in trial

NEW YORK: Donald Trump’s defense lawyers rested their case Tuesday – without the former president following through...

Published 21 May, 2024 09:15pm

Middle East

Blinken says Gaza truce still possible but set back by ICC move

WASHINGTON: US Secretary of State Antony Blinken said Tuesday that a Gaza ceasefire deal was still possible but he...

Published 21 May, 2024 09:06pm

Energy

Power generation in Pakistan falls nearly 14% YoY in April

Power generation in Pakistan clocked in at 8,639 GWh (11,612 MW) in April 2024, 13.7% lower as compared to the same...

Updated 21 May, 2024 09:02pm

USA

Blinken testifies to US Congress under shadow of Israel policy divides

WASHINGTON: US Secretary of State Antony Blinken made his case for President Joe Biden’s more than $60 billion...

Published 21 May, 2024 08:59pm

Pakistan

Bill opposing dual nationality for judges tabled in NA Secretariat

Lawmaker Noor Alam Khan moves the bill seeking amendments to Constitutional Article 177

Updated 21 May, 2024 08:58pm

Business & Economy

Brokerage houses see Pakistan’s headline inflation falling below 14% in May

Two brokerage house said they see CPI-based inflation reading to post a steep decline, and hover around 13-14% in...

Updated 21 May, 2024 08:57pm

Sports

Afghanistan hire T20 expert Dwayne Bravo as bowling consultant

KABUL: Afghanistan Tuesday roped in former West Indian allrounder and the leading wicket taker in Twenty20 cricket...

Published 21 May, 2024 08:15pm

Movies & Music

OpenAI to ‘pause’ voice linked to Scarlett Johansson

SAN FRANCISCO: ChatGPT-maker OpenAI on Monday said it was working on temporarily muting a synthetic voice that...

Published 21 May, 2024 08:14pm

Perspectives

Can aging thermal power plants in Pakistan be revitalised?

In line with Pakistan’s dedication towards indigenising its energy mix, a new proposal is gaining traction:...

Published 21 May, 2024 08:11pm

Europe

Yellen sees ‘possibility’ of $50bn Ukraine loan from seized Russian assets

LONDON: US Treasury Secretary Janet Yellen said there was a possibility G7 nations would support Ukraine by as much...

Published 21 May, 2024 07:50pm

South Asia

Singapore Airlines flight hit air pocket, 7 critically wounded, airport official says

BANGKOK: A Singapore Airlines flight that made an emergency landing in Bangkok on Tuesday had fallen into an air...

Published 21 May, 2024 07:08pm

Stocks

US stocks edge down from records

NEW YORK: Wall Street stocks dipped early Tuesday, edging back from recent records following muted Federal Reserve...

Published 21 May, 2024 06:58pm

Luxury

Jennifer Lopez spotted in jewelry by Bollywood designer Manish Malhotra

Musician and actor's Netflix movie 'Atlas' premieres on May 24

Published 21 May, 2024 06:47pm

Sports

Pathirana sets Sri Lanka T20 tournament auction record

COLOMBO: Young Sri Lankan fast bowler Matheesha Pathirana became the most expensive player ever in a Lanka Premier...

Published 21 May, 2024 06:41pm

Asia

Yellen says G7 to discuss Chinese overproduction

FRANKFURT: United States Treasury Secretary Janet Yellen said on Tuesday that concerns about Chinese overproduction...

Published 21 May, 2024 06:37pm

Middle East

Israel urges ‘civilised nations’ to spurn any ICC warrants against its leaders

JERUSALEM: Israel urges “nations of the civilised world” to oppose the International Criminal Court prosecutor’s...

Published 21 May, 2024 06:37pm

Sports

Ronaldo poised for Euro record as Portugal name squad

LISBON: Cristiano Ronaldo is likely to set a Euro record after he was named in Portugal’s 26-man 2024 squad,...

Published 21 May, 2024 06:35pm

Money & Banking

Progress in US inflation fight ‘has likely resumed’: Fed official

WASHINGTON: Progress in the US Federal Reserve’s fight against inflation “likely resumed” last month, a senior bank...

Published 21 May, 2024 06:32pm

Life & Style

Amal Clooney helped ICC weigh Gaza war crimes evidence

WASHINGTON: Amal Clooney helped the International Criminal Court weigh evidence that led to the decision to seek...

Updated 21 May, 2024 06:32pm

Stocks

Sri Lankan shares end lower as consumer staples, communication services drag

BENGALURU: Sri Lankan shares closed lower on Tuesday, dragged by consumer staples and communication services stocks....

Published 21 May, 2024 06:27pm

Companies

Aramco, GO Petroleum get CCP’s nod for product supply agreement

The Competition Commission of Pakistan (CCP) has granted a time-bound exemption on the relevant clauses of product...

Published 21 May, 2024 06:03pm

Bullion Rate

Gold price per tola falls Rs1,900 in Pakistan

Gold prices fell in Pakistan on Tuesday in line with the decrease in the international rate. In the local market,...

Updated 21 May, 2024 05:41pm

Stocks

Banks lead rally at PSX as KSE-100 gains 123 points

The Pakistan Stock Exchange (PSX) witnessed a positive session on Tuesday, as its benchmark KSE-100 Index closed 123...

Published 21 May, 2024 05:35pm

Stocks

Indian shares end flat as gains in metals help

BENGALURU: Indian shares recovered to close flat on Tuesday, with gains in metal stocks offsetting declines in other...

Published 21 May, 2024 05:30pm

Money & Banking

IMF cautions on timing of UK rate cut

LONDON: The International Monetary Fund on Tuesday said the Bank of England should be mindful over when to start...

Published 21 May, 2024 05:29pm

Commodities

Copper dragged off record high by subdued physical demand

LONDON: Copper prices fell on Tuesday, drifting away from the previous session’s record high as investors assessed...

Published 21 May, 2024 05:27pm

Middle East

UAE and US to seal more AI deals, UAE minister says

DUBAI: The United Arab Emirates and United States will invest more in artificial intelligence as part of a strategic...

Published 21 May, 2024 05:23pm

Sports

Germany’s Kroos to retire from football after Euro 2024

MADRID: Real Madrid’s German international midfielder Toni Kroos announced on Tuesday he will retire from all...

Published 21 May, 2024 05:16pm

Middle East

Emirates Islamic Bank launches $750mn sustainability sukuk, document shows

Emirates Islamic Bank, the Islamic arm of Dubai’s biggest lender Emirates NBD, has launched a $750 million 5-year...

Published 21 May, 2024 05:06pm

World

Dubai DXB airport sees record 2024 traffic after 8.4% rise in Q1

DUBAI: Dubai’s main airport expects to handle a record passenger traffic this year after an 8.4% rise in the first...

Updated 21 May, 2024 05:05pm

Sports

Murray comeback ends in Geneva defeat

GENEVA: The dream of one more match between Andy Murray and Novak Djokovic evaporated Tuesday as Murray tumbled out...

Published 21 May, 2024 05:02pm

Middle East

Qatar says Gaza truce, hostage release talks remain ‘close to stalemate’

DUBAI: Qatar’s foreign ministry spokesperson Majed Al-Ansari said on Tuesday the Gaza ceasefire and hostage release...

Published 21 May, 2024 04:51pm

Middle East

Israel-Saudi normalisation needs Gaza quiet, discussion of Palestinian rule: US envoy

JERUSALEM: Forging formal Israeli-Saudi relations as part of an emerging trilateral deal involving Washington would...

Published 21 May, 2024 04:40pm

South Asia

Japan, Saudi Arabia discuss energy, industry collaborations at forum

TOKYO: Japan and Saudi Arabia held a bilateral business forum in Tokyo on Tuesday to discuss further collaboration...

Published 21 May, 2024 04:47pm

Europe

British PM lauds EU states’ push to send asylum seekers to third countries

VIENNA: British Prime Minister Rishi Sunak on a visit to Vienna lauded a joint letter by Austria and 14 other EU...

Published 21 May, 2024 04:43pm

Europe

More than 14,000 displaced from Ukraine’s Kharkiv region: WHO

GENEVA: More than 14,000 people have been displaced in recent days from Ukraine’s eastern Kharkiv region, where...

Published 21 May, 2024 04:40pm

Commodities

Malaysian palm oil ends lower as weaker exports weigh

NEW DELHI: Malaysian palm oil futures declined on Tuesday, weighed down by a drop in exports of oil products in May....

Published 21 May, 2024 04:29pm

South Asia

India shuts schools as temperatures soar

NEW DELHI: Indian authorities in the capital have ordered schools shut early for the summer holiday, after...

Published 21 May, 2024 02:51pm

Europe

Ukraine ‘urgently’ needs more air defences: Germany FM

KYIV: Ukraine urgently needs to boost its air defences in the face of relentless Russian attacks, Germany’s top...

Published 21 May, 2024 02:42pm

Movies & Music

Cate Blanchett urges film industry to include refugee voices

CANNES, France: Australian actor Cate Blanchett, goodwill ambassador for the UN agency for refugees, on Monday urged...

Published 21 May, 2024 02:40pm

Middle East

Israeli army raids West Bank’s Jenin, Palestinians say seven killed

JENIN: Israeli forces raided Jenin in the occupied West Bank on Tuesday in an operation that the Palestinian health...

Published 21 May, 2024 01:38pm

Pakistan

Sindh announces summer vacations from June 1

Vacations in all public and private institutions will end on July 31

Updated 21 May, 2024 01:31pm

Stocks

London stocks slip as Fed’s cautious stance weighs on sentiment

London stocks opened lower on Tuesday, tracking weakness in Asian markets as US Federal Reserve officials maintained...

Published 21 May, 2024 01:24pm

Movies & Music

Scarlett Johansson says OpenAI chatbot voice ‘eerily similar’ to hers

Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded “eerily similar”...

Published 21 May, 2024 01:01pm

Energy

India’s Russian oil imports rise to nine-month high in April

NEW DELHI: India’s Russian oil imports rose a nine-month high in April after shipments on non-sanctioned tankers...

Published 21 May, 2024 12:48pm

Forex

Russian rouble firms to strongest since early March against US dollar

MOSCOW: The Russian rouble strengthened against the US dollar on Tuesday to its strongest point since early March,...

Published 21 May, 2024 12:47pm

Stocks

European stocks dip as rate uncertainty weighs

European stocks inched lower on Tuesday, following losses in Asian equities as US Federal Reserve officials tempered...

Published 21 May, 2024 12:45pm

Sports

USADA blasts WADA’s Banka over ‘hit job’ on US athletes

LOS ANGELES: The US Anti-Doping Agency on Monday accused World Anti-Doping Agency president Witold Banka of smearing...

Published 21 May, 2024 12:30pm

Sports

Fraser-McGurk, Short added as reserves to Australia T20 World Cup squad

SYDNEY: Rising talent Jake Fraser-McGurk and fellow batsman Matt Short were added to Australia’s Twenty20 World Cup...

Published 21 May, 2024 12:28pm

Sports

Australia’s Sam Kerr ruled out of Paris Olympics

SYDNEY: Talismanic Australian striker Sam Kerr was officially ruled out of the Olympics Tuesday, almost five months...

Published 21 May, 2024 12:19pm

Stocks

Hong Kong stocks open with a loss

HONG KONG: Hong Kong stocks fell Tuesday after a recent rally as investors tracked a mixed day on Wall Street, with...

Published 21 May, 2024 12:16pm

Middle East

Israel, Hamas reject bid before ICC to arrest leaders for war crimes

RAFAH: Israel and Hamas, engaged in heavy fighting in the Gaza Strip, both angrily rejected on Monday moves to...

Updated 21 May, 2024 11:52am

Forex

Australia, NZ dollars run out of puff, ponder rate outlooks

SYDNEY: The Australian and New Zealand dollars faltered on Tuesday as momentum from last week’s rally seeped away...

Published 21 May, 2024 11:35am

Bullion Rate

Gold slips from record levels as dollar holds ground

Gold prices eased on Tuesday as the US dollar firmed, the metal backing away from a record peak hit in the previous...

Published 21 May, 2024 11:27am

Commodities

Copper retreats from record high on firm dollar, subdued demand

Copper prices fell from a record high in a broadly weaker base metals market on Tuesday, dragged by a firmer dollar...

Published 21 May, 2024 11:22am

Commodities

Malaysian palm oil opens higher despite lower soyoil

NEW DELHI: Malaysian palm oil futures opened higher on Tuesday despite lower soyoil futures, extending gains from...

Published 21 May, 2024 11:19am

Sports

Mohamed Salah suggests he will be at Liverpool next season

Liverpool forward Mohamed Salah has suggested he will stay at the Premier League club following the departure of...

Published 21 May, 2024 11:16am

Stocks

Stocks slide, dollar holds firm as Fed focus intensifies; crypto soars

TOKYO: Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal...

Published 21 May, 2024 11:13am

Europe

Ukraine says it downs 28 out of 29 drones launched by Russia overnight

KYIV: Ukrainian forces shot down 28 out of 29 drones used by Russian forces in an overnight attack on seven regions,...

Published 21 May, 2024 11:10am

Europe

France backs ICC after prosecutor seeks arrest warrants for Israel’s Netanyahu

PARIS: France backs the International Criminal Court (ICC) and the ‘fight against impunity’, its foreign ministry...

Published 21 May, 2024 10:59am

Federal Budget on June 7th

ISLAMABAD: The federal government will present the budget for the next financial year 2024-25 in the National...

Updated 21 May, 2024 10:58am

Forex

China’s yuan hits weakest level in 3 weeks after fix set at 3-month low

SHANGHAI: China’s yuan slipped to a three-week low against the US dollar on Tuesday, dragged down by the country’s...

Published 21 May, 2024 10:18am

IMF projects FY25 defence budget at Rs2.152trn

IMF estimates allocation as 1.72 percent of Gross Domestic Product

Updated 21 May, 2024 10:14am

Energy

Reconstitution of Discos’ boards: CCoSOEs approves Power Division’s proposal

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the Power Division’s proposal for...

Updated 21 May, 2024 10:11am

Stocks

Banks push Australia shares down; James Hardie dips to 5-month low

Australian shares declined on Tuesday, as losses in financial stocks countered gains in miners and tech stocks,...

Published 21 May, 2024 10:10am

Belgian envoy visits KCCI: ‘Pakistan will have to apply for new regulation under GSP Plus’

KARACHI: Ambassador of Belgium Charles Delogne has said that although EU’s GSP Plus for Pakistan has been extended...

Updated 21 May, 2024 10:08am

Mutual Funds

India bond yields seen easing as government cuts T-bill supply

MUMBAI: Indian government bond yields are expected to decline in early trade on Tuesday, after the government...

Published 21 May, 2024 10:08am

Forex

Indian rupee lingers close to near one-month high, forward premiums slip

MUMBAI: The Indian rupee inched up to its highest level in nearly a month in early trading on Tuesday but traders...

Published 21 May, 2024 10:05am

Stocks

Japan’s Nikkei little changed as investors take a breather

TOKYO: Japan’s Nikkei share average gave up most of its early gains on Tuesday to trade little changed, as investors...

Published 21 May, 2024 10:03am

Stocks

Indian shares open lower as financials, IT drag

BENGALURU: Indian shares inched lower on Tuesday, weighed by losses in heavyweight financial and information...

Published 21 May, 2024 10:00am

Forex

Dollar steady; ether fuels crypto rally

SINGAPORE: The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade...

Published 21 May, 2024 09:56am

PM directs MoF to clear all DLTL claims

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Ministry of Finance (MoF) to liquidate verified exporters...

Updated 21 May, 2024 09:25am

Law minister accuses judiciary of ‘overstepping’ its mandate

ISLAMABAD: Law Minister Azam Nazeer Tarar on Monday addressed a growing rift between governmental institutions,...

Updated 21 May, 2024 09:23am

FY23-27: Nepra clears ‘PAP’ submitted by Discos

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved combined Power Acquisition Programme...

Updated 21 May, 2024 09:22am

CPPA-G seeks adjustment in Discos’ tariffs for April

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought positive adjustment of Rs 3.50 per...

Updated 21 May, 2024 09:22am

BR Research

Sky-High FED: Pulping Punjab’s Rural Economy

Developing agriculture value chains is the low-hanging fruit in Pakistan’s economy – especially the Punjab economy....

Published 21 May, 2024 09:07am

FY2024-28: KE secures Nepra’s approval for ‘PAP’

ISLAMABAD: K-Electric has secured approval from the National Electric Power Regulatory Authority (NEPRA) for its...

Updated 21 May, 2024 09:04am

BR Research

Power tariffs: Up the roof!

Quite expectedly, the Central Power Purchasing Agency (CPPA) has made it official what was on the cards – a large...

Published 21 May, 2024 09:03am

July-April: mobile phones worth $1.462bn imported

ISLAMABAD: The country imported mobile phones worth $1.462 billion during the first 10 months (July-April) of the...

Updated 21 May, 2024 09:02am

Business & Finance

Turkiye agrees to enhance cooperation in multiple areas

ISLAMABAD: Pakistan and Turkiye on Monday agreed to further enhance cooperation in multiple areas by setting a new...

Updated 21 May, 2024 08:59am

Israeli official denies involvement in crash: Iranian President Raisi killed in helicopter crash

DUBAI: Iranian President Ebrahim Raisi, a hardliner seen as a potential successor to Supreme Leader Ayatollah Ali...

Updated 21 May, 2024 08:59am

BR Research

Clover Pakistan Limited

Clover Pakistan Limited (PSX: CLOV) was incorporated in Pakistan as a public listed company in 1986. The company is...

Published 21 May, 2024 08:59am

BR’s refresher: your morning briefing for the day

Important updates from May 20, 2024

Published 21 May, 2024 08:28am

World

Turkey says helicopter carrying Raisi did not emit any signal

ANKARA: The helicopter that crashed while carrying Iran’s president and foreign minister on Sunday did not have ...