News Archives for Latest - 2024-05-27

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Archive - 2024-05-27

Pakistan

Pakistan condemns Israeli attack on refugee camp in Rafah

Pakistan on Monday condemned "in the strongest words" Israeli bombardment and targeting of an UNRWA refugee camp in...

Published 27 May, 2024 11:52pm

World

Israel must ‘take every precaution possible’ to protect civilians: US

WASHINGTON: The United States said Monday Israel must make every possible effort to avoid civilian casualties,...

Published 27 May, 2024 11:34pm

Sports

Nadal eyes Olympics but not Wimbledon after likely French Open farewell

PARIS: Rafael Nadal’s record-breaking French Open career came to its likely end on Monday when the 14-time champion...

Updated 27 May, 2024 11:26pm

Europe

Kyiv says first French military instructors to travel to Ukraine ‘soon’

KYIV: Kyiv’s army chief Oleksandr Syrsky said Monday that the first French military instructors would soon arrive in...

Published 27 May, 2024 11:20pm

World

Israel PM says Rafah strike a ‘tragic accident’, vows to defeat Hamas

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Monday that a deadly strike that hit a displacement...

Published 27 May, 2024 10:50pm

Pakistan

7 soldiers martyred, 23 terrorists killed in separate operations: ISPR

Security forces are determined to wipe out the menace of terrorism from the country, the military's media wing says

Updated 27 May, 2024 10:37pm

Companies

CCP approves merger of Intermarket Securities with EFG Hermes

The Competition Commission of Pakistan (CCP) has approved a scheme of arrangement for the merger of Intermarket...

Published 27 May, 2024 10:35pm

Stocks

Selling pressure seen at PSX, KSE-100 closes 466 points lower

Selling pressure was witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index lost 466 points...

Updated 27 May, 2024 10:25pm

Business & Economy

US ambassador Blome reiterates support for Pakistan’s economic reform agenda

Emphasises that United States remains Pakistan’s largest export market

Updated 27 May, 2024 10:23pm

Energy

Oil rises ahead of inflation data after downbeat week

HOUSTON: Oil prices rose by more than $1 per barrel in muted trade owing to public holidays in Britain and the...

Updated 27 May, 2024 10:06pm

Sports

Pakistan’s Haris Rauf says injury lay-off a ‘blessing in disguise’

LONDON: Pakistan paceman Haris Rauf believes the three months he spent on the sidelines injured with a dislocated...

Published 27 May, 2024 09:52pm

Middle East

Israeli attack on Rafah tent camp kills 45, prompts global outcry

Palestinian families rushed to hospitals to prepare dead for burial after the strike late on Sunday night set tents and rickety metal shelters ablaze

Updated 27 May, 2024 09:32pm

Pakistan

Youm-e-Takbeer: PM Shehbaz announces public holiday on May 28

Prime Minister Shehbaz Sharif declared a public holiday on May 28 (Tuesday) to mark Youm-e-Takbeer, a day when...

Updated 27 May, 2024 09:17pm

Stocks

Public holiday: PSX to remain closed on Tuesday, May 28

The Pakistan Stock Exchange Limited (PSX) will remain closed on Tuesday, May 28, 2024 on account of the public...

Updated 27 May, 2024 09:06pm

Money & Banking

Bank holiday: SBP to remain closed on Tuesday, May 28

The State Bank of Pakistan (SBP) on Monday said it will remain closed on Tuesday, May 28, following a government...

Published 27 May, 2024 08:57pm

Asia

North Korea says its latest satellite launch exploded in flight

SEOUL/TOKYO: North Korea said its attempt to launch a new military reconnaissance satellite ended in failure on...

Published 27 May, 2024 08:51pm

Middle East

Israeli strike on Rafah shows ‘contempt’ for ICJ ruling: African Union

NAIROBI: An Israeli air strike on Rafah that killed 45 people in a displacement camp according to Hamas officials...

Published 27 May, 2024 08:24pm

Pakistan

In Mohenjo Daro, temperatures cross 52 C in heatwave

MOHENJO DARO: Temperatures rose above 52 degrees Celsius (125.6 degrees Fahrenheit) in Pakistan’s southern province...

Published 27 May, 2024 07:58pm

Pakistan

‘Good day for Pakistan’: Energy minister says deal reached with KP to address power woes, theft

KP Chief Minister Ali Amin Gandapur pledges to collaborate with the energy ministry and federal government to lower power outages and thefts

Updated 27 May, 2024 07:58pm

Commodities

Gold prices reverse losing trend, gain Rs800 per tola in Pakistan

Gold prices in Pakistan reversed a five-session downward trajectory, increasing by Rs800 per tola on Monday in line...

Updated 27 May, 2024 07:50pm

Companies

Honda Atlas Cars’ profit-after-tax rises nearly 800%, clocks in at Rs2.33bn

Despite massive decline in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) rose...

Updated 27 May, 2024 07:49pm

Europe

Spain pledges 1 billion in military aid to Kyiv as Zelensky visits

MADRID: Spain on Monday pledged one billion euros in military aid to Ukraine as Prime Minister Pedro Sanchez and...

Updated 27 May, 2024 07:31pm

Luxury

Wedding gift: Nita Ambani presents $80mn Dubai villa to Radhika Merchant

Nita Ambani, wife of Mukesh Ambani, has gifted an $80-million, luxury villa in Dubai to her daughter-in-law to be...

Published 27 May, 2024 07:19pm

Currency

Rupee sees marginal decline against US dollar

Currency settles at 278.3 against greenback in inter-bank market

Updated 27 May, 2024 07:17pm

Sports

Playing with Mbappe would be ‘really nice’: Madrid’s Bellingham

MADRID: Real Madrid midfielder Jude Bellingham said Monday it would be “really nice” to play with Kylian Mbappe next...

Published 27 May, 2024 07:15pm

Sports

England captain Buttler set to miss 3rd T20 against Pakistan

LONDON: Jos Buttler has left the England squad ahead of Tuesday’s Twenty20 international against Pakistan to be with...

Published 27 May, 2024 07:08pm

Sports

Swiatek breezes into round two at French Open

PARIS: Iga Swiatek kicked off her bid for a fourth French Open title by dropping just three games in a trademark...

Published 27 May, 2024 06:13pm

Movies & Music

Nueplex Cinemas dropped Pakistani production ‘Agent Anila’ trailer, but netizens are distraught

Nueplex Cinemas recently released a trailer of Qasim Panhwar Films’ production ‘Agent Anila’, starring Lollywood...

Published 27 May, 2024 05:57pm

Sports

Jabeur cruises past wildcard Vickery into French Open second round

PARIS: Eighth seed Ons Jabeur began her latest attempt to win an elusive Grand Slam title with a comfortable 6-3 6-2...

Published 27 May, 2024 05:26pm

Commodities

Paris wheat hits one-year highs on Black Sea crop outlook

PARIS: European wheat futures climbed to their highest in more than a year on Monday as worries grew over Black Sea...

Published 27 May, 2024 05:23pm

Luxury

Cartier reveals Deepika Padukone’s first campaign as global ambassador

French luxury jeweller Cartier revealed its latest high jewellery collection in Vienna on Monday, with its campaign...

Published 27 May, 2024 05:18pm

Europe

Kyiv hampered by limits on using Western arms in Russia: NATO chief

SOFIA: NATO chief Jens Stoltenberg said Monday that Western powers should reconsider restrictions on Ukraine using...

Published 27 May, 2024 05:08pm

Sports

Alexander-Arnold adamant tame finish cannot disguise Liverpoool’s progress

LONDON: Liverpool defender Trent Alexander-Arnold has insisted Liverpool had a good season despite a lacklustre end...

Published 27 May, 2024 05:02pm

Sports

Nadal bidding to avoid early French Open exit, Sinner shines

PARIS: Rafael Nadal says he will be facing “one of the toughest opponents possible” when he plays Alexander Zverev...

Published 27 May, 2024 05:00pm

South Asia

Cyclone Remal kills 16, snaps power links to millions in India, Bangladesh

SATKHIRA: Strong gales and heavy rain brought by cyclone Remal lashed the coastlines of India and Bangladesh on...

Published 27 May, 2024 04:43pm

Sports

Spain name Torres, Perez in Euro 2024 squad, Asensio left out

MADRID: Forward Marco Asensio was the surprise omission when three-time champions Spain named their 29-man...

Published 27 May, 2024 03:35pm

Middle East

Rafah strikes could ‘hinder’ Gaza truce talks: mediator Qatar

DOHA: Israel’s latest strikes on a displaced people’s camp near Gaza’s southern city of Rafah could hinder talks...

Published 27 May, 2024 03:27pm

Europe

Russia invites Afghanistan’s Taliban to major economic forum

MOSCOW: Russia has invited Afghanistan’s Taliban to its biggest annual economic forum as Moscow moves to remove a...

Updated 27 May, 2024 03:14pm

Cabinet approves rules for speedy disposal of tax cases

ISLAMABAD: The federal Cabinet has approved Appellate Tribunal Inland Revenue (Appointments, Terms and Conditions of...

Updated 27 May, 2024 02:07pm

Gandapur apprises Naqvi, Leghari about issues facing his province

ISLAMABAD: Days after issuing a stern warning to the federal government to resolve the prolonged power outages issue...

Updated 27 May, 2024 02:07pm

Europe

EU set to discuss Rafah mission, Borrell criticises Israel’s Netanyahu

BRUSSELS: The European Union aims to agree in principle on Monday to press ahead with an EU border mission at Rafah,...

Published 27 May, 2024 01:42pm

Arts

Spain’s national art museum to unveil newly verified Caravaggio

MADRID: A painting by Italian master Caravaggio, once mistakenly thought to be by an unknown artist and almost...

Published 27 May, 2024 01:38pm

Forex

South African rand steady as focus shifts toward elections, rate decision

JOHANNESBURG: South Africa’s rand was little changed early on Monday at the start of a packed week headlined by the...

Published 27 May, 2024 01:35pm

Stocks

Gulf bourses mixed in early trading

Stock markets in the Gulf were mixed in early trading on Monday amid steady oil prices, while investors awaited...

Published 27 May, 2024 01:33pm

Major changes in tax laws expected through Finance Bill 2024

Enforcement measures of Rs 300-400 billion expected in 2024-25

Updated 27 May, 2024 01:32pm

South Asia

Indian police arrest hospital boss after six babies die in fire

NEW DELHI: Indian police said Monday they had arrested a doctor and the owner of an unlicensed hospital where six...

Published 27 May, 2024 01:26pm

Business & Finance

ECB could start cutting rates in June, ECB’s Rehn says

COPENHAGEN: Inflation is converging to the European central bank’s 2% target, making it possible to ease monetary...

Published 27 May, 2024 12:57pm

Forex

Russian rouble climbs to near four-month high past 89 vs dollar

MOSCOW: The Russian rouble firmed to a near four-month high past 89 to the dollar on Monday. By 0715 GMT, the rouble...

Published 27 May, 2024 12:56pm

Stocks

European shares start the week muted, inflation data in focus

European stocks were subdued at the start of the week, with several major markets closed and investors maintaining a...

Published 27 May, 2024 12:55pm

Europe

World Court ruling on Gaza is binding, Germany’s Baerbock says

BRUSSELS: The World Court ruling urging Israel to immediately halt its military offensive on the southern part of...

Published 27 May, 2024 12:54pm

World

More than 2,000 could be buried in Papua New Guinea landslide, authorities say

SYDNEY: More than 2,000 people could be buried alive by a massive landslide in Papua New Guinea last week, the...

Published 27 May, 2024 12:49pm

Middle East

Israeli airstrikes kill at least 35 in Rafah, Gaza authorities say

CAIRO: Israeli air strikes killed at least 35 Palestinians and wounded dozens in an area in the southern Gaza Strip...

Updated 27 May, 2024 12:29pm

Sports

Five young cricket stars who lit up the IPL

CHENNAI: Kolkata Knight Riders hammered Sunrisers Hyderabad by eight wickets to win the Indian Premier League for a...

Published 27 May, 2024 12:06pm

Sports

PSG and French football prepare for challenges of post-Mbappe era

LILLE: Paris Saint-Germain finished the season with a domestic double after beating Lyon in Saturday’s French Cup...

Published 27 May, 2024 12:03pm

Sports

Cricket’s T20 giants and minnows ready to battle in USA and Caribbean

FORT LAUDERDALE: Cricket’s ability to grow its global presence beyond its heartlands, while still maintaining the...

Published 27 May, 2024 12:00pm

Malik Riaz says has refused to become ‘pawn’

ISLAMABAD: Malik Riaz, one of the wealthiest property tycoons of the country, said on Sunday that he had been “under...

Updated 27 May, 2024 11:58am

Sports

West Indies complete 3-0 T20I series rout of South Africa

KINGSTON: The West Indies completed a 3-0 sweep of their T20I series with South Africa after an eight wicket...

Published 27 May, 2024 11:56am

Asia

China to host Egypt’s Sisi, Arab leaders this week

BEIJING: China will host Egyptian President Abdel Fattah al-Sisi as well as a number of other Arab leaders in...

Published 27 May, 2024 11:54am

Europe

Amnesty seeks war crimes probe into three Israel strikes

PARIS: Amnesty International on Monday urged the International Criminal Court to investigate as war crimes three...

Updated 27 May, 2024 11:52am

Public assets: Ministry seeks data to share it with IMF

Says IMF has recommended actions on an issue that the data on public assets was inconsistent and not easily centralised

Updated 27 May, 2024 11:43am

Stocks

Amid funding crunch, solar companies are being offered a door at PSX

KARACHI: On top of uncertainty around the government’s consideration to cut buyback rates, adoption of solar power...

Updated 27 May, 2024 11:34am

Europe

State of emergency in New Caledonia to be lifted: presidency

NOUMEA: The state of emergency in New Caledonia, which has been hit by deadly rioting, will be lifted early Tuesday...

Published 27 May, 2024 11:28am

Stocks

Hong Kong stocks flat at open

HONG KONG: Hong Kong stocks barely moved at the open on Monday after last week’s poor showing, with traders looking...

Published 27 May, 2024 11:26am

Sports

Men’s Twenty20 World Cup champions

FORT LAUDERDALE: Previous men’s Twenty20 World Cup champions ahead of the start of the 2024 tournament in the United...

Published 27 May, 2024 11:24am

Business & Finance

China Premier Li meets Samsung boss, vows to help foreign firms

SEOUL: China’s Premier Li Qiang said his country will always be open to foreign companies and promised steps to...

Published 27 May, 2024 11:21am

Asia

Indonesia’s Mount Ibu erupts again, spews hot ash and sand

JAKARTA: A volcano in eastern Indonesia spewed a six-kilometre cloud of ash into the sky on Monday in the latest of...

Published 27 May, 2024 11:19am

USA

At least 14 dead from storms in Texas, Arkansas, Oklahoma and Kentucky

Search teams on Sunday picked through wreckage left by tornado-spawning thunderstorms that swept the US Southern...

Published 27 May, 2024 10:53am

World

UN says terrain, remote location hamper relief after landslide buries hundreds in PNG

SYDNEY: Unstable terrain, remote locations and damaged roads are hampering relief efforts in Papua New Guinea after...

Published 27 May, 2024 10:46am

Asia

China’s premier hails ‘new beginning’ with US-allied South Korea, Japan

Chinese Premier Li Qiang praised what he called a restart in relations with Japan and South Korea as he met their...

Published 27 May, 2024 10:32am

Business & Finance

In China, Starbucks tries to avoid price war but gets dragged into discounting

SHANGHAI: As Starbucks faces stiff competition for its brew in China from fast-growing, low-cost rivals who have...

Published 27 May, 2024 10:26am

Sports

Australia’s Mitchell Starc justifies price tag in warning shot before World Cup

MELBOURNE: A slow start in the Indian Premier League put Mitchell Starc’s record price tag under the microscope but...

Published 27 May, 2024 10:24am

Stocks

Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal

HONG KONG: Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after...

Published 27 May, 2024 10:20am

Forex

China’s yuan hovers near 1-month low as investors await economic data

SHANGHAI: China’s yuan hovered near a one-month low against the dollar on Monday while investors cautiously await...

Published 27 May, 2024 10:19am

Bullion Rate

Gold recoups from 2-week low as traders eye US inflation data

Gold prices on Monday drifted higher from a two-week low hit in the previous session as traders gauged fading hopes...

Published 27 May, 2024 10:17am

Stocks

Indian shares set to open slightly higher

BENGALURU: Indian shares are likely to inch higher at the open on Monday, building on their gains from last week and...

Published 27 May, 2024 10:13am

Stocks

Japan’s Nikkei rises modestly despite BOJ policy uncertainty

TOKYO: Japan’s Nikkei share average edged up on Monday, tracking Wall Street higher even as concerns about the Bank...

Published 27 May, 2024 10:11am

Stocks

Asia shares creep higher as US, EU inflation data loom

SYDNEY: Asian shares edged higher on Monday as investors braced for a busy week of data which culminates in a key US...

Published 27 May, 2024 10:09am

Business & Finance

China’s industrial profits rise 4.3% in Jan-April, unchanged from Q1

BEIJING: Profits at China’s industrial firms rose 4.3% in the first four months from the same period last year,...

Published 27 May, 2024 10:08am

Asia

Thailand’s employment dips 0.1% y/y in Q1 on lower farm jobs

BANGKOK: Thailand’s employment dropped 0.1% in the first quarter from a year earlier due to lower farm jobs, after a...

Published 27 May, 2024 10:06am

Stocks

Australian shares rise as banks and miners gain; Lendlease soars

Australian shares rose on Monday after four consecutive sessions of losses, with financials and miners leading the...

Published 27 May, 2024 10:03am

Business & Finance

Ueda says BOJ will proceed cautiously with inflation targeting frameworks

TOKYO: The Bank of Japan (BOJ) will proceed cautiously with inflation-targeting frameworks, Governor Kazuo Ueda said...

Published 27 May, 2024 10:01am

Europe

One killed in Ukrainian drone attack on Russia’s Oryol region, governor says

One person was killed and three wounded in a Ukrainian drone attack on Russia’s Oryol region on Monday, the regional...

Published 27 May, 2024 10:00am

Mutual Funds

Indian bond yields seen flattish at start of new week

MUMBAI: Indian government bond yields are expected to trade little changed at the start of the week, amid...

Published 27 May, 2024 09:58am

Sports

Rafa Nadal has tough opener with Zverev in what could be his last French Open

In what could be his last French Open, 14-times champion Rafa Nadal faces a tough task to avoid it all ending in a...

Published 27 May, 2024 09:57am

Forex

Indian rupee likely to edge higher, eyes ‘strong hurdle’ at 83/USD

MUMBAI: The Indian rupee is expected to open little changed to slightly higher on Monday, with an uptick in most...

Published 27 May, 2024 09:55am

Commodities

Shanghai aluminium rise on alumina price surge, firm demand

BEIJING: Prices of aluminium futures in Shanghai gained on Monday, supported by a strong price rally in key raw...

Published 27 May, 2024 09:53am

South Asia

Millions without power as cyclone Remal pounds Bangladesh and India

DHAKA/KOLKATA: Strong winds and heavy rain pounded the coastal regions of Bangladesh and India as severe cyclone...

Published 27 May, 2024 09:52am

Energy

Iran raises June crude prices to Asia

SINGAPORE: Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at...

Published 27 May, 2024 09:45am

Commodities

Palm oil edges up on better export estimates, firmer crude oil prices

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, as estimates of higher exports of the edible oil and firmer...

Published 27 May, 2024 09:43am

Asia

Earthquake of magnitude 5.0 hits China’s Sichuan province

BEIJING: An earthquake of 5.0 magnitude struck Muli county in China’s Sichuan province, according to China...

Published 27 May, 2024 09:41am

Forex

Dollar firm ahead of global inflation data

SINGAPORE: The dollar made a steady start to the week, as investors were focused on US, European and Japanese...

Published 27 May, 2024 09:36am

Governor says won’t sign defamation bill without consultation

LAHORE: Governor Punjab Sardar Saleem Haider on Sunday assured journalists that he would not sign the defamation...

Updated 27 May, 2024 09:26am

Previous flawed decisions hampering improvement in power sector?

ISLAMABAD: Pakistan’s power sector has shown little, if any, sign of improvement in decades due to the...

Updated 27 May, 2024 09:23am

PM, PPP team take stock of situation

ISLAMABAD: As the federal government is set to present the budget for fiscal year 2024-25, Prime Minister Shehbaz...

Updated 27 May, 2024 09:13am

BR Research

Tackling the solar storm

The rooftop solar penetration is increasing at a rapid pace due to falling prices for solar plates as well as...

Published 27 May, 2024 08:51am

11 TTP militants held for ‘killing’ Chinese engineers

ISLAMABAD: Authorities have arrested 11 militants who were involved in the suicide bombing that killed five Chinese...

Updated 27 May, 2024 08:48am

18,371 shopkeepers enrolled under Tajir Dost Scheme

ISLAMABAD: A total of 18,371 shopkeepers/retailers have been registered under the Tajir Dost scheme. According to...

Updated 27 May, 2024 08:48am

Talat Hussain passes away

KARACHI: Legendary Pakistani actor Talat Hussain passed away in Karachi on Sunday at the age of 83 after a prolonged...

Updated 27 May, 2024 08:47am

BR Research

An interview with Fabio Ricci of FederUnacoma Italian Agricultural Machinery Manufacturers Association

Pakistan’s private sector can team up with Italian industry to provide the latest farm technology on a rental basis...

Published 27 May, 2024 08:46am

BR’s refresher: your morning briefing for the day

Important updates from May 25 and May 26, 2024

Published 27 May, 2024 08:34am

Opinion

The claim of China’s ‘overcapacity’ is a fallacy

Recently, the United States and other Western countries have been incessantly hyping the so-called “overcapacity...

Updated 27 May, 2024 07:04am

Opinion

Safeguard industrial efficiency

The government’s recent contemplation of cutting off gas supply to industrial captive power plants (CPPs) while...

Updated 27 May, 2024 07:00am

Opinion

The long and winding road to revitalising investment

Pakistan’s investment-to-GDP ratio is at its lowest in fifty years, despite promises of tens of billions in ...

Updated 27 May, 2024 06:54am

Opinion

Budget projections for FY25

There is overwhelming evidence that approval of the budget for next fiscal year, reportedly to be presented to...

Updated 27 May, 2024 06:33am

Editorials

IMF programme: there is need for design audit

EDITORIAL: Multilaterals, including the International Monetary Fund (IMF), have developed independent audit...

Updated 27 May, 2024 06:29am

Editorials

Attack on a PTI leader

EDITORIAL: There is no place in a democratic order for intolerance towards differences of opinion. Unfortunately in...

Updated 27 May, 2024 06:25am