News Archives for Latest - 2024-05-22

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Archive - 2024-05-22

World

10 Palestinians killed by Israeli forces in West Bank’s Jenin, Palestinian ministry says

CAIRO: Israeli forces killed 10 Palestinians and wounded 25 others in the occupied West Bank city of Jenin since...

Published 22 May, 2024 11:47pm

Europe

France tests updated air-launched nuclear missile

PARIS: France on Wednesday carried out its first test firing of an updated nuclear-capable missile designed to be...

Published 22 May, 2024 11:01pm

Cricket

Rain washes out England-Pakistan T20 opener

LEEDS: Persistent rain saw the first Twenty20 international between England and Pakistan at Headingley on Wednesday...

Published 22 May, 2024 10:53pm

Middle East

Saudi praises European countries’ recognition of Palestinian state

Says decision by friendly countries affirms international consensus on inherent right of Palestinian people to self-determination

Updated 22 May, 2024 10:17pm

Exchange

Rupee declines further against US dollar

Currency settles at 278.47 against greenback in inter-bank market

Updated 22 May, 2024 09:30pm

Pakistan

PTI calls for judicial commission to probe attack on Raoof Hasan

The Pakistan Tehreek-e-Insaf (PTI) on Wednesday demanded that a judicial commission investigate what it called a...

Updated 22 May, 2024 09:26pm

Pakistan

PM Shehbaz arrives in Iran to offer condolences following President Raisi’s death

The premier will meet with Dr. Mohammad Mokhber, Iran's acting president, and Ayatollah Khamenei, the country's supreme leader, to offer condolences

Updated 22 May, 2024 09:25pm

Energy

Energy-starved Pakistan is seeking sanction-free Iranian gas, says Musadik Malik

Petroleum minister stresses that Pakistan is a 'poor country' and cannot afford sanctions

Updated 22 May, 2024 09:24pm

Europe

UK general election to be held on July 4: media

LONDON: A UK general election is to be held on July 4, British media reported on Wednesday quoting sources, as Prime...

Published 22 May, 2024 09:01pm

Pakistan

Police raids PTI Secretariat in Islamabad to arrest Hammad Azhar

The Islamabad police on Wednesday raided the PTI Secretariat to arrest former finance minister Hammad Azhar after he...

Published 22 May, 2024 08:51pm

Europe

Norway, Ireland, Spain say will recognise Palestinian state

OSLO: Norway, Ireland and Spain announced on Wednesday that they will recognise a Palestinian state, prompting...

Updated 22 May, 2024 08:51pm

Sports

Hasan Ali released from Pakistan squad ahead of England T20Is

Fast bowler Hasan Ali has been released from Pakistan’s squad ahead of the first T20I against England at the...

Published 22 May, 2024 08:29pm

Stocks

Most major Gulf bourses drop, Abu Dhabi hits two-year low

Most major stock markets in the Gulf slipped on Wednesday amid falling oil prices, with investors awaiting minutes...

Published 22 May, 2024 07:38pm

Middle East

Israeli aggression in Gaza brings urgency to two-state solution

OCCUPIED JERUSALEM: More than seven months of Israeli aggression after Hamas attacks have highlighted the gulf...

Published 22 May, 2024 07:38pm

Sports

Pakistan Football League poised to kick off next month in Lahore

ISLAMABAD: The Pakistan Football League (PFL) is poised to kick off next month in Lahore, with English football...

Published 22 May, 2024 07:36pm

Stocks

US stocks tread water ahead of Fed minutes

NEW YORK: Wall Street stocks were essentially flat early Wednesday following mixed earnings as markets awaited...

Published 22 May, 2024 06:54pm

South Asia

Missing Bangladeshi lawmaker found murdered in India, minister says

DHAKA: A member of Bangladesh’s ruling party was found murdered in the Indian city of Kolkata on Wednesday morning,...

Published 22 May, 2024 06:47pm

Stocks

KSE-100 stumbles from 75,000 on profit-taking

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed below 75,000 on Wednesday as the index faced some...

Published 22 May, 2024 06:09pm

Markets

PABC says ongoing security issues at Chaman denting revenue

Pakistan Aluminum Beverage Cans Limited (PABC) said “ongoing security issues” at Chaman, which has already strangled...

Updated 22 May, 2024 05:55pm

Energy

Russia plans to open sea terminal for LPG exports to Asia by 2025-end

MOSCOW: Russia will likely open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast with...

Published 22 May, 2024 05:54pm

Commodities

Chinese companies keen in expansion project, says PRL

In notice to PSX, refinery says senior management from PRL visited China and had 'productive' discussions

Updated 22 May, 2024 05:54pm

Pakistan

Government to establish 10 IT parks by next year: IT Ministry

The project of Islamabad IT Park will be completed with the cooperation of South Korea

Published 22 May, 2024 05:54pm

Europe

No two-state solution without dialogue, Berlin says on Palestine recognition

BERLIN: A German foreign ministry spokesperson stressed Berlin’s support for a two-state solution on Wednesday,...

Published 22 May, 2024 05:48pm

Stocks

Sri Lankan shares end higher as financials, industrials gain

BENGALURU: Sri Lankan shares closed higher on Wednesday, snapping two straight sessions of losses, boosted by gains...

Published 22 May, 2024 05:43pm

Markets

Oil slips for third day on likely ‘higher for longer’ US rates

LONDON: Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve...

Updated 22 May, 2024 05:37pm

Travel

Karachi ranked 918th out of 1,000 in Oxford Economics’ Global Cities Index

New York, London, San Jose, Tokyo, and Paris top list

Published 22 May, 2024 05:31pm

Stocks

European equities stumble on UK inflation news

LONDON: Europe’s main stock markets fell Wednesday as official data showed UK inflation slowing sharply but missing...

Updated 22 May, 2024 04:51pm

Europe

Two dead as Ukraine strikes Russia and occupied east

MOSCOW: Ukraine attacked a number of villages in Russia’s Belgorod border region and the occupied eastern city of...

Published 22 May, 2024 04:47pm

Commodities

Copper retreats on profit taking, weak physical demand

LONDON: Copper prices slipped on Wednesday as funds locked in profits from a rally to record highs that has curbed...

Published 22 May, 2024 04:39pm

Stocks

Indian shares rise with IT support ahead of Fed minutes, Reliance aids

BENGALURU: Indian shares ended higher on Wednesday as domestic IT firms advanced with an eye on rate cut clues from...

Published 22 May, 2024 04:36pm

Travel

New York-Dublin video portal reopens with ‘bad behaviour’ fix

DUBLIN: A live video portal linking New York with Dublin has reopened after being fitted with sensors that...

Published 22 May, 2024 04:09pm

Forex

Ugandan shilling weakens on energy sector FX demand

KAMPALA: The Ugandan shilling weakened on Wednesday on the back of increased demand for dollars from commercial...

Published 22 May, 2024 03:48pm

Commodities

Robusta coffee hits 3-week high, arabica also up

LONDON: Robusta coffee futures on ICE rose to a three-week high on Wednesday as forecasts for largely dry weather in...

Published 22 May, 2024 03:46pm

Movies & Music

Actors union backs Scarlett Johansson after claim of voice misuse by OpenAI

SAG-AFTRA, an influential body representing television, radio, motion pictures, commercials and games artists, on...

Published 22 May, 2024 03:45pm

Europe

Death of Iran’s president has delayed talks with IAEA, Grossi says

HELSINKI: The deaths of Iran’s president and foreign minister in a helicopter crash have caused a pause in the UN...

Published 22 May, 2024 03:43pm

Movies & Music

LA police probe how ‘Friends’ star Matthew Perry obtained lethal ketamine dose

LOS ANGELES: Los Angeles homicide detectives and federal agents are investigating how ‘Friends’ star Matthew Perry...

Published 22 May, 2024 03:39pm

Pakistan

FM Dar forms fact-finding committee to probe Bishkek mob attacks

The committee will coordinate with Kyrgyz authorities and review all the findings and developments at Bishkek and submit its report within two weeks, says deputy PM

Updated 22 May, 2024 03:28pm

Middle East

Tens of thousands gather for Raisi funeral procession in Tehran

TEHRAN: Tens of thousands of Iranians flocked to the streets of Tehran Wednesday to join the funeral processions of...

Updated 22 May, 2024 03:12pm

Middle East

Israel revokes order to cut AP live Gaza video feed

OCCUPIED JERUSALEM: Israel walked back its decision to shut down an Associated Press live video feed of war-torn...

Updated 22 May, 2024 02:29pm

Pakistan

ISPR says security forces killed 29 terrorists in April

Pakistan has witnessed a surge in terrorist incidents orchestrated from Afghan soil, adds military’s media wing

Updated 22 May, 2024 02:16pm

Stocks

Most Gulf bourses muted in early trade; Fed minutes eyed

Most stock markets in the Gulf were subdued in early trading on Wednesday amid falling oil prices, with investors...

Published 22 May, 2024 01:59pm

Europe

At least seven wounded in Russian attack on Ukraine’s Chuhuiv, governor says

KYIV: A Russian attack on the northeastern town of Chuhuiv in Ukraine’s Kharkiv region wounded at least seven people...

Published 22 May, 2024 01:56pm

Bullion Rate

Gold price per tola decreases Rs300 in Pakistan

Gold fell for second straight session in Pakistan on Wednesday, witnessing a decrease of Rs300 per tola in line with...

Published 22 May, 2024 01:39pm

Stocks

London stocks dip as UK inflation falls less than expected

London stocks slipped on Wednesday as slower-than-expected deceleration in Britain’s inflation knocked off hopes of...

Published 22 May, 2024 12:41pm

South Asia

Emirates flight lands safely after hitting flamingos in Mumbai

MUMBAI: An Emirates flight landed safely in Mumbai late on Monday night after colliding with a flock of flamingos...

Published 22 May, 2024 12:39pm

Commodities

Jordan tenders to buy up to 120,000 T of wheat, traders say

HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling...

Published 22 May, 2024 12:35pm

Sports

Rafael Nadal ready for emotional French Open farewell

PARIS: Rafael Nadal will bring down the curtain on his 19-year French Open career with the likelihood of adding to...

Published 22 May, 2024 12:31pm

Sports

Recent French Open men’s champions

PARIS: Recent French Open men’s champions ahead of the 2024 tournament which starts at Roland Garros on Sunday:...

Published 22 May, 2024 12:27pm

Sports

Iga Swiatek eyes place among greats with fourth French Open crown

PARIS: Iga Swiatek admits she is the favourite and “confident” ahead of her bid to become only the fourth woman to...

Published 22 May, 2024 12:04pm

Sports

Recent French Open women’s champions

PARIS: Recent French Open women’s champions ahead of the 2024 tournament which starts at Roland Garros on Sunday:...

Published 22 May, 2024 12:03pm

Sell-off plan approvals: New independent directors appointed for 9 Discos

ISLAMABAD: The federal government has appointed new independent directors for nine power Distribution Companies...

Updated 22 May, 2024 12:01pm

Stocks

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks were barely moved in opening exchanges Wednesday as investors struggled to bounce back...

Published 22 May, 2024 11:51am

South Asia

Nepali reaches summit of Everest for record 30th time

KATHMANDU: Nepali climber Kami Rita Sherpa broke his own record Wednesday as the person to have scaled Mount Everest...

Published 22 May, 2024 11:48am

Sports

Injured Neymar set to miss start of next Saudi season

RIYADH: Neymar is set to miss the start of the next Saudi Pro League season as he recovers from a serious knee...

Published 22 May, 2024 11:15am

Sports

Gurbaz leaves ill mother’s bedside to help send Kolkata into IPL final

AHMEDABAD: Rahmanullah Gurbaz left his hospitalised mother’s bedside in Afghanistan to play a pivotal role in...

Published 22 May, 2024 11:12am

USA

Iowa tornado kills ‘multiple’ people in small town reduced to rubble

A powerful tornado ripped through a small Iowa town on Tuesday, killing multiple people and leaving at least a dozen...

Published 22 May, 2024 10:51am

Middle East

Israeli forces raze parts of Gaza’s Jabalia, hit Rafah with airstrikes

Israeli forces thrust deeper into Jabalia in northern Gaza on Tuesday, striking a hospital and destroying...

Published 22 May, 2024 10:32am

Bullion Rate

Gold prices hold steady on Fed rate outlook

Gold prices were steady on Wednesday and hovered above key $2,400 level touched earlier this week, supported by...

Published 22 May, 2024 10:21am

Mutual Funds

Indian bond yields flattish as traders eye fresh triggers

MUMBAI: Indian government bond yields were largely unchanged on Wednesday, as traders awaited fresh cues including...

Published 22 May, 2024 10:18am

Forex

Indian rupee helped by dip in US yields, positive momentum

MUMBAI: The Indian rupee is likely to inch higher at open on Wednesday on the back of a decline in US Treasury...

Published 22 May, 2024 10:15am

Stocks

Asia stocks edge up on Nvidia hopes, NZ dollar jumps

SYDNEY: Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high...

Published 22 May, 2024 10:13am

Europe

New Caledonia protesters, police play ‘cat and mouse’ before Macron arrives

Protesters and a thousand French police reinforcements were playing a “game of cat and mouse” in New Caledonia,...

Published 22 May, 2024 10:09am

Stocks

Banks, mining stocks lift Australian shares higher

Australian shares advanced on Wednesday, led by financials and mining stocks that tracked a hike in commodity...

Published 22 May, 2024 10:05am

Stocks

Japan’s Nikkei falls as market awaits Nvidia earnings

TOKYO: Japan’s Nikkei share average fell on Wednesday as investors awaited earnings from AI chip leader Nvidia,...

Published 22 May, 2024 10:02am

Stocks

Indian shares set to rise at open; Fed minutes eyed

BENGALURU: Indian shares will likely open marginally higher on Wednesday, tracking gains in global equities, with...

Published 22 May, 2024 10:00am

Forex

Dollar consolidates as Fed urges patience; markets await meeting minutes

TOKYO: The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from...

Published 22 May, 2024 09:55am

World

Pakistan’s IT cos like incorporating in Dubai: ease of payments is just one of many reasons

Dubai’s appeal as the preferred destination for Pakistan’s software companies has a lot to do with the streamlined...

Updated 22 May, 2024 09:31am

Federal Budget: PM pledges more facilities for investors

Chairs first meeting of Economic Advisory Council

Updated 22 May, 2024 09:29am

FY23-24: NAC approves 2.38pc GDP provisional growth

ISLAMABAD: The National Accounts Committee (NAC) has approved provisional growth of gross domestic product (GDP) at...

Updated 22 May, 2024 09:28am

Aurangzeb tells PRBC team: FBR digitalisation to broaden tax net

ISLAMABAD: Finance Minister Muhammad Aurangzeb Tuesday informed Pakistan Retail Business Council (PRBC) that...

Updated 22 May, 2024 09:27am

Pakistan

PTI spokesperson injured in attack

ISLAMABAD: The outspoken central information secretary of Pakistan Tehreek-e-Insaf (PTI) Raoof Hasan was attacked on...

Updated 22 May, 2024 09:20am

Railways writes to PD: ‘LESCO, SEPCO are involved in over/bogus billing’

ISLAMABAD: Pakistan Railways has accused Lahore Electric Supply Company (LESCO) and Sukkur Electric Supply Company...

Updated 22 May, 2024 09:17am

Pakistan

Pemra bans airing material about ‘ongoing court cases’

ISLAMABAD: The Pakistan Electronic Media Regulatory Authority (PEMRA) on Tuesday refrained news channels from airing...

Updated 22 May, 2024 09:12am

Ideal trade, transit hub: Dar highlights significance of Pakistan’s geo-strategic location

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar has said that Pakistan’s geo-strategic location...

Updated 22 May, 2024 09:11am

Dar visits Bishkek hospital

ISLAMABAD: Immediately after arrival in Kyrgyzstan, Deputy Prime Minister and Foreign Minister Senator Mohammad...

Updated 22 May, 2024 08:52am

Rs84bn payments to PSO: SNGPL sends SOS to PD

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has sent an SOS to Petroleum Division for intervention for...

Updated 22 May, 2024 08:51am

FMs from Iran’s partners hold minute’s silence

ASTANA, (Kazakhstan): Foreign ministers and diplomats from around a dozen of Iran’s political and economic partners...

Updated 22 May, 2024 08:51am

BR’s refresher: your morning briefing for the day

Important updates from May 21, 2024

Published 22 May, 2024 08:49am

BR Research

FDI – better or not?

Like other uncertainties in the country, the investment climate in Pakistan is always volatile. This is the very...

Published 22 May, 2024 06:34am

BR Research

Cement prices: up or down?

Latest reports suggest cement prices across markets have surged by Rs20-30 per bag. This is despite no visible...

Published 22 May, 2024 06:30am

BR Research

Service Industries Limited

Service Industries Limited (PSX: SRVI) was incorporated in Pakistan as a private limited company in 1957 and later...

Published 22 May, 2024 06:27am

Opinion

Cotton production: India moves forward, Pakistan falls behind

Currently, Pakistan is facing economic challenges. Although the present government is implementing positive measures...

Updated 22 May, 2024 06:19am

Opinion

From IMF to IT

Digital revolution. E-commerce. On line expansion. Artificial intelligence. This is what the world has been talking...

Updated 22 May, 2024 06:17am

Opinion

Properties of Pakistanis in Dubai

In 2019 when I was the Chairman of Federal Board of Revenue (FBR) I asked my Director General International Taxation...