News Archives for Latest - 2024-05-28

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Archive - 2024-05-28

World

US expressed deep concern to Israel over Rafah airstrike, State Department says

WASHINGTON: The United States expressed deep concern to Israel’s government over an airstrike in Rafah and urged an...

Published 28 May, 2024 11:41pm

Pakistan

Youm-e-Takbeer collective effort of all facets of national power: PM Shehbaz

Armed Forces pay tribute to 'unwavering dedication and selfless sacrifices of all those who contributed to remarkable feat'

Updated 28 May, 2024 10:43pm

World

Israel army says its munitions alone ‘could not’ have caused Sunday’s deadly Rafah blaze

JERUSALEM: Israel’s army said Tuesday its munitions alone “could not” have caused a deadly blaze that Gaza health...

Published 28 May, 2024 10:43pm

Middle East

Spain, Norway, and Ireland recognise Palestinian state

Three European countries believe their initiative has strong symbolic impact that is likely to encourage others to follow suit

Updated 28 May, 2024 10:42pm

Business & Economy

Home-grown economic uplift: PM includes eight more experts into committee

Prime Minister Shehbaz Sharif has included another eight economic experts, including professors from the...

Updated 28 May, 2024 10:33pm

Middle East

Israeli tanks hit evacuation zone west of Rafah, 21 dead, Gaza health officials say

Attack comes two days after an Israeli airstrike on another camp stirred global condemnation

Updated 28 May, 2024 10:32pm

Europe

Danish parliament rejects proposal to recognise Palestinian state

COPENHAGEN: Denmark’s parliament on Tuesday voted down a bill to recognise a Palestinian state, after the Danish...

Updated 28 May, 2024 10:30pm

Pakistan

Nawaz Sharif elected PML-N president after six-year hiatus

Former prime minister Nawaz Sharif was elected on Tuesday as president of Pakistan Muslim League-Nawaz (PML-N), Aaj...

Updated 28 May, 2024 10:27pm

USA

‘Dangerous day for America,’ Trump says as closing arguments begin

NEW YORK: Closing arguments began Tuesday in the hush money trial of Donald Trump with the White House hopeful...

Updated 28 May, 2024 10:26pm

Europe

Putin says Western weapons striking Russia would have ‘serious consequences’

MOSCOW: Russian President Vladimir Putin warned Tuesday of “serious consequences” if Western countries allowed...

Updated 28 May, 2024 10:23pm

Bullion Rate

Gold sheds Rs500 per tola in Pakistan

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

Updated 28 May, 2024 10:22pm

Sports

Sabalenka powers into French Open second round

PARIS: World number two Aryna Sabalenka over-powered Russian teenager Erika Andreeva in straight sets to reach the...

Published 28 May, 2024 08:50pm

Business & Economy

With Beijing’s assistance, Gwadar port to transform into logistics hub, says Shehbaz

PM invites Chinese businesses especially the textile sector to set up industries in Pakistan

Updated 28 May, 2024 08:15pm

Stocks

Abu Dhabi hits 2-year low as Gulf bourses drop; Qatar gains

Most stock markets in the Gulf slipped on Tuesday amid rising geopolitical tensions in the region, while investors...

Published 28 May, 2024 08:15pm

Stocks

US stocks mixed at start of holiday-shortened week

NEW YORK: Wall Street stocks began a holiday-shortened week in mixed fashion Tuesday ahead of key readings on...

Published 28 May, 2024 07:34pm

Sports

Seventh seed Ruud into French Open second round

PARIS: Norway’s Casper Ruud started his bid for a maiden French Open title, after final defeats in each of the past...

Published 28 May, 2024 07:32pm

Middle East

Saudi king heads cabinet meeting after medical treatment, state media says

DUBAI: Saudi Arabia’s King Salman headed a cabinet meeting on Tuesday after he underwent medical treatment for lung...

Published 28 May, 2024 07:12pm

Europe

Poland signs $735mn missile contract with US

WARSAW: Poland has signed a $735 million contract with the US for the supply of JASSM-ER missiles, Defence Minister...

Published 28 May, 2024 07:03pm

Middle East

Israeli tanks reach centre of Rafah as Security Council to discuss camp blaze

RAFAH: Israeli tanks penetrated the heart of Rafah on Tuesday despite global outrage over a strike that set ablaze a...

Published 28 May, 2024 05:30pm

Sports

Fourth seed Rybakina races into French Open second round

PARIS: Elena Rybakina powered into the French Open second round with a straight-sets victory over Belgian Greet...

Published 28 May, 2024 05:44pm

Sports

Courtois misses out on Belgium Euro 2024 squad

PARIS: Real Madrid goalkeeper Thibaut Courtois was not included in Belgium’s Euro 2024 squad named on Tuesday as he...

Published 28 May, 2024 05:40pm

Sports

France’s Cornet ends career after record 69th straight Grand Slam

PARIS: Frenchwoman Alize Cornet’s career ended with a straight-sets defeat by Zheng Qinwen in the French Open first...

Published 28 May, 2024 05:36pm

Sports

Djokovic looks to overcome ‘bumps in road’ at rainswept French Open

PARIS: Novak Djokovic begins the defence of his French Open title at a rainswept Roland Garros on Tuesday, confident...

Published 28 May, 2024 05:33pm

Middle East

South Africa condemns Israel’s ‘deplorable’ Rafah strike

JOHANNESBURG: South Africa on Tuesday condemned as “deplorable” an Israeli strike on Gaza’s southern city of Rafah...

Published 28 May, 2024 05:23pm

Luxury

Luxury influencers vanish from Chinese social media in wealth crackdown

SHANGHAI: Chinese social media censors have blocked multiple influencers known for showing off their lavish...

Published 28 May, 2024 04:51pm

Stocks

Sri Lanka shares end lower after central bank holds interest rates

BENGALURU: Sri Lankan shares closed lower on Tuesday after the country’s central bank held interest rates steady to...

Published 28 May, 2024 04:51pm

Pakistan

For deaf children in Pakistan, school is life

LAHORE: At a school for the deaf in Pakistan, the faces of students are animated, their smiles mischievous, as their...

Published 28 May, 2024 04:48pm

Energy

India’s Reliance to buy Russian oil in roubles

NEW DELHI: India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal...

Published 28 May, 2024 04:42pm

Energy

Oil steadies as OPEC+ restraint balances interest rate concerns

LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2...

Updated 28 May, 2024 04:38pm

Stocks

India blue-chips end lower, mid-caps end 11-day rally amid profit booking

BENGALURU: Indian blue-chip stocks dropped for a third straight day on Tuesday, while mid-cap stocks snapped an...

Published 28 May, 2024 04:34pm

Commodities

Copper climbs, but high China stocks suggest ample supplies

LONDON: Copper climbed on Tuesday as the prospect of interest rate cuts, a weaker dollar and some strong data from...

Published 28 May, 2024 04:32pm

Commodities

Palm snaps two-day slide to close over 2% higher

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday to close over 2% higher after two straight sessions of...

Published 28 May, 2024 04:29pm

Business & Economy

Pakistan ranked 101st out of 119 in WEF’s Travel and Tourism Development Index

Pakistan was positioned a lowly 101st out of 119 countries in the Travel and Tourism Development Index published...

Published 28 May, 2024 04:10pm

Hydropower projects: PM tells MoC, MoF and PD to sort out ‘issues’ with Korean cos

ISLAMABAD: The Prime Minister has directed Commerce Ministry, Finance Ministry and Power Division to sit with Korean...

Updated 28 May, 2024 03:11pm

‘NAB ends probes’: NCPL demands PD pay Rs8.35bn withheld amount

ISLAMABAD: M/s Nishat Chunian Power Limited (NCPL), owned by tycoon Mian Mansha, has demanded of the Power Division...

Updated 28 May, 2024 03:11pm

Mutual Funds

Japan’s 10-year bond yield hits 12-year high amid BOJ’s policy bets

TOKYO: Japan’s 10-year government bond yield hit a 12-year high on Tuesday as the market braced for further...

Published 28 May, 2024 01:01pm

Forex

South African rand stable, national election looms

JOHANNESBURG: The South African rand was stable in early trading on Tuesday, against a weaker dollar and ahead of a...

Published 28 May, 2024 12:59pm

Forex

Russian rouble strengthens slightly against US dollar

MOSCOW: The Russian rouble strengthened slightly against the US dollar on Tuesday. By 0715 GMT, the rouble was 0.23%...

Published 28 May, 2024 12:58pm

Stocks

London stocks open flat

London’s FTSE 100 opened flat on Tuesday as investors await more economic data and comments from the Bank of...

Published 28 May, 2024 12:56pm

Europe

Ukraine returns nuclear power unit to grid, sees no electricity curbs

KYIV: Ukraine has brought a nuclear power unit back into operation ahead of schedule after repairs, which made it...

Published 28 May, 2024 12:54pm

Europe

Recognising Palestinian statehood ‘essential for reaching peace’: Sanchez

MADRID: Recognising Palestinian statehood is an “essential” step for achieving peace in the Middle East, Spanish...

Updated 28 May, 2024 12:45pm

Stocks

European stocks open higher as London reopens

LONDON: Europe’s main stock markets rose Tuesday in opening trade with London gaining ground as traders returned to...

Published 28 May, 2024 12:18pm

Commodities

South Korea’s KFA tenders for up to 138,000 T corn, traders say

HAMBURG: South Korea’s Korea Feed Association (KFA) has issued an international tender to purchase up to 138,000...

Published 28 May, 2024 12:15pm

Mutual Funds

Euro zone bond yields steady as markets await inflation figures

LONDON: Euro zone bond yields were holding steady on Tuesday before key inflation data from Europe and the US later...

Published 28 May, 2024 12:08pm

Stocks

Hong Kong stocks open on back foot

HONG KONG: Hong Kong stocks opened slightly lower Tuesday morning as traders stepped back after the previous day’s...

Published 28 May, 2024 11:59am

Sports

Rohit Sharma, Kohli in focus as India look to end title drought

NEW DELHI: Skipper Rohit Sharma and Virat Kohli will look to end India’s global title drought as the star duo step...

Published 28 May, 2024 11:58am

Sports

Unpredictable Pakistan aim for ‘third time lucky’ at T20 World Cup

KARACHI: Pakistan skipper Babar Azam is hoping it is third time lucky for his side at the Twenty20 World Cup after...

Published 28 May, 2024 11:52am

Sports

Bangladesh skipper calls for better wickets ahead of T20 World Cup

DHAKA: Bangladesh can only hope to improve their lacklustre T20 World Cup record once they get better pitches at...

Published 28 May, 2024 11:46am

Sports

Sri Lanka’s death ‘sensation’ for T20 World Cup: Pathirana

COLOMBO: Young fast bowler Matheesha Pathirana has rattled the world’s top batsmen with his toe-crushing yorkers in...

Published 28 May, 2024 11:43am

Sports

Cristiano Ronaldo breaks Saudi Pro League scoring record

RIYADH: Cristiano Ronaldo broke the record for the most goals in a Saudi Pro League season when he struck for the...

Published 28 May, 2024 11:39am

Middle East

Security Council set to meet over deadly Rafah strike

RAFAH: The UN Security Council was set to convene an emergency meeting Tuesday over an Israeli strike that killed...

Published 28 May, 2024 11:37am

Luxury

Gold rush in Dubai continues to attract all nationalities including Pakistanis

As bullion prices hit record highs in recent weeks, retail demand may have dampened, but traders in Dubai are...

Updated 28 May, 2024 11:33am

South Asia

After Raisi funeral, Iran’s focus turns to vote for successor

TEHRAN: After Iran mourned president Ebrahim Raisi, who died in a recent helicopter crash, the nation’s focus turns...

Published 28 May, 2024 11:30am

South Asia

Deadly Bangaldesh cyclone one of longest seen

PATUAKHALI: Bangladeshi weather experts said Tuesday that a deadly cyclone that carved a swathe of destruction was...

Published 28 May, 2024 11:22am

Commodities

Wheat leaps to 10-month high as Russian harvest downgraded again

CANBERRA: Chicago wheat futures rose nearly 3% on Tuesday to their highest level since July, supported by increasing...

Published 28 May, 2024 11:09am

Forex

Japan concerned more about negative aspects of weak yen, finance minister says

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Tuesday he was concerned more about the negative aspects of...

Published 28 May, 2024 11:07am

Sports

Novak Djokovic doubters await as title defence begins at Roland Garros

World number one Novak Djokovic will be the main attraction at Roland Garros on Tuesday when he begins his French...

Published 28 May, 2024 11:05am

South Asia

Sri Lanka holds rates to manage inflation, foster economic stability

COLOMBO: Sri Lanka’s central bank held interest rates steady on Tuesday to ensure inflation pressures remain in...

Published 28 May, 2024 11:01am

Commodities

Palm oil climbs as upbeat rivals, export outlook support

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday, buoyed by strength in rival Dalian and Chicago soyoil...

Published 28 May, 2024 10:58am

World

Papua New Guinea orders thousands to evacuate from path of ‘active’ landslide

SYDNEY: Thousands of residents were ordered to evacuate from the path of a still-active landslide in Papua New...

Published 28 May, 2024 10:57am

Forex

China’s yuan edges lower as markets brace for global inflation data

SHANGHAI: China’s yuan slipped slightly on Tuesday as traders were wary ahead of key inflation data from major...

Published 28 May, 2024 10:53am

Bullion Rate

Gold steady as focus turns to US inflation data

Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key US inflation data that...

Published 28 May, 2024 10:52am

Business & Finance

India’s Adani Group plans e-commerce, payments ventures, FT reports

India’s Adani Group has been considering an application for a licence to operate on the country’s public digital...

Published 28 May, 2024 10:49am

Forex

Indian rupee lingers in narrow band even as most Asian currencies inch up

MUMBAI: The Indian rupee was little changed on Tuesday, unable to gain from an uptick in most Asian peers, with...

Published 28 May, 2024 10:44am

Companies

Toyota, Subaru and Mazda commit to developing new engines

TOKYO: Toyota Motor and smaller Japanese automakers Subaru and Mazda Motor have each committed to developing new...

Published 28 May, 2024 10:42am

Mutual Funds

India benchmark bond yield stays below 7%, traders look for more cues

MUMBAI: Indian government bond yields were little changed, with the benchmark bond yield persisting below the 7%...

Published 28 May, 2024 10:26am

Forex

Most Asian FX rise; inflation data eyed for rates outlook

The Philippines peso and South Korean won gained the most among emerging Asian currencies on Tuesday as the dollar...

Published 28 May, 2024 10:24am

Forex

Australia, NZ dollar rally anew, lifted by yen flows

SYDNEY: The Australian dollar was having another tilt at the upside on Tuesday as risk sentiment improved globally,...

Published 28 May, 2024 10:16am

Stocks

Australia shares flat as losses in bank stocks counter commodities gains

Australian shares were trading largely flat on Tuesday, as gains in mining and gold stocks were offset by losses in...

Published 28 May, 2024 10:11am

Stocks

Japan’s Nikkei slips as investors eye BOJ rate hike timing; chips slide

TOKYO: Japan’s Nikkei share average edged lower on Tuesday, as investors weighed the likely timing of further Bank...

Published 28 May, 2024 10:09am

Stocks

Indian shares likely to open slightly higher tracking Asian peers

BENGALURU: Indian shares are set to open marginally higher on Tuesday, tracking Asian peers, while investor focus...

Published 28 May, 2024 10:07am

Stocks

Asia shares drift after rally, Wall Street reopen in focus

SYDNEY: Asian shares held a mixed tone on Tuesday after rallying the previous session, as rising bets of an imminent...

Published 28 May, 2024 10:02am

Forex

Dollar ebbs as markets await key global inflation reports

SINGAPORE: The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against...

Published 28 May, 2024 09:55am

Farmers propose ‘fixed tax regime’ for agri sector

Demand government to ensure a dedicated track and trace system to bring the retailers, and businesses from the informal sectors with progressive taxes into the tax net

Updated 28 May, 2024 09:26am

Power supply to theft-free areas: KP govt, PD agree to reach formal agreement

ISLAMABAD: Power Division and Khyber Pakhtunkhwa (KPK) government are said to have agreed to reach a formal pact to...

Updated 28 May, 2024 09:22am

US iterates support to reform plan

ISLAMABAD: United States Ambassador to Pakistan Donald Blome on Monday highlighted Washington’s ongoing support for...

Updated 28 May, 2024 09:20am

Pakistan

Centre, KP agree to resolve electricity issues

ISLAMABAD: After holding two-day back-to-back meetings, the federal government and the provincial government of...

Updated 28 May, 2024 09:11am

Business & Finance

Foreign investors: Jul-Apr profit repatriation up 250pc

KARACHI: Repatriation of profit and dividend by foreign investors posted a notable growth of 250 percent during the...

Updated 28 May, 2024 09:11am

ECC allows SNGPL-based fertiliser plants to operate at Rs1,597/MMBTU

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed the SNGPL-based fertiliser plants to...

Updated 28 May, 2024 09:02am

All set to dispatch high-level trade team to Iran

ISLAMABAD: Pakistan is all set to dispatch a high level trade delegation led by Commerce Minister Jam Kamal to Iran...

Updated 28 May, 2024 09:01am

PM forms body on additional utility-scale renewable energy power project

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee to evaluate benefits of additional utility...

Updated 28 May, 2024 08:35am

Upcoming budget: FBR to issue new rules to process pending refund applications

ISLAMABAD: The Federal Board of Revenue (FBR) will issue new rules and regulations in budget 2024-25 to...

Updated 28 May, 2024 08:35am

BR’s refresher: your morning briefing for the day

Important updates from May 27, 2024

Published 28 May, 2024 08:32am

Editorials

Terror from Afghanistan

EDITORIAL: The leadership of the banned Tehreek-e-Taliban Pakistan that is based in Afghanistan and intelligence...

Updated 28 May, 2024 06:04am

Opinion

External-internal conundrums

Federal Interior Minister Mohsin Naqvi has demanded in a press conference that the Afghan Taliban government arrest,...

Updated 28 May, 2024 06:01am

Opinion

Big financing risks

The IMF Staff Mission has left Pakistan after a series of meetings on the next Fund Programme in the form of an...

Updated 28 May, 2024 05:54am

Editorials

Phenomenal rise in domestic borrowing

EDITORIAL: The government borrowed up to 77 percent domestically to finance its fiscal deficit in the first six...

Updated 28 May, 2024 05:52am