News Archives for Latest - 2024-05-29

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Archive - 2024-05-29

World

Israeli minister says Netanyahu ‘failing,’ calls for elections

JERUSALEM: An Israeli cabinet minister accused Prime Minister Benjamin Netanyahu’s coalition of “failing miserably”...

Published 29 May, 2024 11:41pm

Technology

Meta identifies networks pushing deceptive content likely generated by AI

NEW YORK: Meta said on Wednesday it had found “likely AI-generated” content used deceptively on its Facebook and...

Published 29 May, 2024 11:29pm

Europe

France’s Macron: ‘Systematic postponement’ of a two-state solution in Israel/Palestine conflict should end

PARIS: France’s President Emmanuel Macron said on Wednesday there should be an end to the “systematic postponement”...

Published 29 May, 2024 11:21pm

World

Israel using tunnel claims to ‘justify’ Rafah offensive: Egypt media

CAIRO: Israel is using claims of tunnels under Egypt’s border with Gaza as cover for its offensive against Hamas,...

Published 29 May, 2024 10:44pm

Bullion Rate

Gold price per tola increases Rs2,400 in Pakistan

After declining in the previous session, Gold prices jumped massively in Pakistan on Wednesday in line with an...

Updated 29 May, 2024 10:31pm

Markets

Ministry of Finance expects inflation to fall further to 13.5-14.5% in May

Govt's commitment to curbing inflation through stringent administrative measures paints a promising picture for the inflation outlook

Updated 29 May, 2024 10:26pm

Middle East

Israel says Gaza war likely to last another seven months as tanks probe Rafah

CAIRO: Israel sent tanks on raids into Rafah on Wednesday and said its war on Hamas in Gaza would likely continue...

Updated 29 May, 2024 10:23pm

USA

US tells UN: Israel undermines goals with civilian harm in Gaza

UNITED NATIONS: Israel must do more to protect Palestinian civilians in Gaza and should “remove all barriers to the...

Updated 29 May, 2024 10:21pm

Pakistan

SC calls UK High Commissioner's criticism of bat decision 'unjustified'

The court maintains that decision was made as per law

Published 29 May, 2024 08:59pm

Companies

DFML says it has commenced production of KIA Shehzore, rollout on June 4

Share price still falls after PSX notice

Updated 29 May, 2024 08:50pm

South Asia

India weather bureau says record temperature reading could be sensor ‘error’

NEW DELHI: India’s government-run weather bureau said Wednesday a station measurement showing a potentially...

Published 29 May, 2024 08:50pm

Stocks

US stocks open lower on pressure from rise in yields

NEW YORK: Wall Street stocks tumbled in early trading Wednesday, as US Treasury yields remained elevated and...

Published 29 May, 2024 08:45pm

Pakistan

Pakistan, Saint Lucia formalise diplomatic relations

Pakistan's Permanent Representative to the United Nations Ambassador Munir Akram and his Saint Lucian counterpart Ambassador Menissa Rambally signed the joint communiqué

Updated 29 May, 2024 08:03pm

Stocks

Qatar hits 4-year low as Gulf bourses drop

Most Gulf stock markets slipped on Wednesday, led by Qatar, amid uncertainty over interest rate cuts by the U.S. Fed...

Published 29 May, 2024 08:03pm

Forex

Rupee registers marginal decline against US dollar

Currency settles at 278.4 against the greenback in inter-bank market

Updated 29 May, 2024 07:49pm

Pakistan

At least 28 dead as Quetta-bound bus falls into ditch

At least 28 people died and more than 20 were injured on Wednesday after a bus overturned and fell into a ditch in...

Updated 29 May, 2024 07:30pm

Middle East

Yemen’s Houthis target six ships in three seas

DUBAI: Yemen’s Houthis targeted six ships in three different seas, including the Marshall Islands-flagged bulk...

Published 29 May, 2024 06:49pm

Business & Finance

Global unemployment to slightly fall in 2024, UN labour body says

The global unemployment rate is expected to fall slightly to 4.9% this year from 5.0% in 2023, even as inequalities...

Published 29 May, 2024 06:35pm

Middle East

Palestinian minister urges US to press Israel to open Rafah crossing

GENEVA: The Palestinian health minister on Wednesday urged the United States to pressure Israel to open the Rafah...

Published 29 May, 2024 06:30pm

Sports

Usyk, Fury heavyweight rematch set for December 21: organiser

RIYADH: Oleksandr Usyk will face Tyson Fury in a rematch on December 21 in Riyadh, the top Saudi organiser said on...

Published 29 May, 2024 05:56pm

Sports

Osaka ‘really excited to face’ Swiatek at French Open

PARIS: Naomi Osaka says she is “really excited” to face red-hot tournament favourite Iga Swiatek in the French Open...

Published 29 May, 2024 05:53pm

South Asia

Iran made sea-launched ballistic missile available to Houthis

DUBAI: Iran’s semi-official Tasnim news agency reported on Wednesday that Tehran’s sea-launched ballistic missile...

Published 29 May, 2024 05:52pm

Middle East

Turkiye’s Erdogan says ‘spirit of United Nations dead in Gaza’

ANKARA: Turkish President Recep Tayyip Erdogan on Wednesday hit out at the United Nations and called on the “Islamic...

Published 29 May, 2024 05:48pm

Europe

Ukraine says seven killed in series of Russian attacks

KYIV: Ukraine on Wednesday reported seven people had been killed in four regions of the war-battered country, as...

Published 29 May, 2024 05:31pm

Africa

China’s Xi meets Egyptian leader Sisi in Beijing

BEIJING: President Xi Jinping welcomed Egyptian counterpart Abdel Fattah al-Sisi to Beijing on Wednesday, as the...

Published 29 May, 2024 05:27pm

South Asia

Indian climber rescued from Everest dies in hospital as season closes

KATHMANDU: An Indian climber who was evacuated from Mount Everest after he fell ill last week has died, taking the...

Published 29 May, 2024 05:28pm

Sports

Noah replaces Borg as European captain for 2025 Laver Cup

PARIS: Yannick Noah, the 1983 French Open champion, will replace Swedish legend Bjorn Borg as captain of the Europe...

Published 29 May, 2024 05:24pm

Sports

Goffin claims he was spat at by French Open spectator

PARIS: Belgium’s David Goffin claimed he was spat at by a French Open spectator and warned tennis is in danger of...

Published 29 May, 2024 05:21pm

Energy

Oil prices gain on expectations of OPEC+ extension to output cuts

LONDON: Oil prices grazed a four-week peak on Wednesday on expectations that major producers will extend output cuts...

Updated 29 May, 2024 05:20pm

Stocks

Indian benchmarks fall most in three weeks; election, rate cut doubts weigh

BENGALURU: Indian benchmarks saw their worst session in nearly three weeks on Wednesday, dragged down by heavyweight...

Published 29 May, 2024 05:18pm

Commodities

Aluminium hits almost two-year high as funds switch from copper

LONDON: Aluminium prices hit their highest in nearly two years on supply tightness and surging buying interest from...

Published 29 May, 2024 05:14pm

Stocks

Negativity at PSX, KSE-100 falls below 75,000

Bearish sentiment prevailed at the Pakistan Stock Exchange (PSX) on Wednesday, as the benchmark KSE-100 index fell...

Updated 29 May, 2024 05:13pm

Commodities

Palm oil extends gains on better demand from key buyers

KUALA LUMPUR: Malaysian palm oil futures rose for a second consecutive session on Wednesday, as demand from top...

Published 29 May, 2024 05:10pm

Middle East

Three Israeli soldiers killed in combat in southern Gaza, military says

OCCUPIED JERUSALEM: The Israeli military said three soldiers had been killed in combat in southern Gaza on...

Updated 29 May, 2024 04:52pm

Travel

Travelling over the summer holidays: 5 destinations to beat the heat

As record heat bears down on Pakistan, greener (and cooler) pastures are no doubt on everyone’s minds. With Eid...

Updated 29 May, 2024 04:51pm

South Asia

Indian capital New Delhi records highest-ever temperature of 49.9 Celsius

NEW DELHI: Temperatures in India’s capital have soared to a record-high 49.9 degrees Celsius (121.8 Fahrenheit) as...

Updated 29 May, 2024 03:08pm

Discos’ privatisation: Shehbaz for speeding up process

Directs to minimise load shedding in different areas of the country for the benefit of the consumers

Updated 29 May, 2024 03:02pm

Business & Finance

S&P revises outlook on India’s sovereign rating to positive from stable

MUMBAI: S&P Global Ratings retained India’s sovereign rating but raised its outlook to ‘positive’ from ‘stable’...

Published 29 May, 2024 02:05pm

Stocks

European shares fall as rising bond yields renew rate jitters

European shares declined on Wednesday as rising bond yields globally spurred concerns of interest rates staying...

Published 29 May, 2024 01:51pm

Sports

Hard-hitting Nepali cop looks to handcuff World Cup bowlers

KATHMANDU: Nepal’s Dipendra Singh Airee is a 24-year-old policeman dubbed “The Tiger”, who hopes to use his...

Published 29 May, 2024 01:48pm

Sports

USA looking for wins in T20 World Cup debut

FORT LAUDERDALE: The USA will make their debut in the T20 World Cup and while they earned the spot as a result of...

Published 29 May, 2024 01:44pm

Movies & Music

Robert De Niro calls Trump a ‘clown’ outside trial in Biden campaign message

WASHINGTON: Actor Robert De Niro called Donald Trump a “clown” who is bent on destroying American democracy on...

Published 29 May, 2024 01:34pm

Sports

Young Afghan side ‘among the favourites’ for T20 World Cup

KABUL: A young Afghan side with an average age of just 25 have vowed to give audiences back home rare cause for...

Published 29 May, 2024 01:32pm

Sports

Amateur, 22, is first Singaporean golfer to qualify for Masters

LOS ANGELES: Young amateur golfer Hiroshi Tai will be the first Singaporean to play in the US Masters after he won...

Published 29 May, 2024 01:23pm

Asia

World’s largest humanitarian network calls for Gaza ceasefire

MANILA: The International Federation of Red Cross and Red Crescent Societies (IFRC) called on Wednesday for a...

Updated 29 May, 2024 01:09pm

World

Clashes erupt at Israeli embassy protest in Mexico

MEXICO CITY: Clashes broke out Tuesday between police and protesters outside the Israeli embassy in Mexico, rallying...

Published 29 May, 2024 12:50pm

Asia

China hosts Arab leaders at forum aimed at deepening ties

BEIJING: China on Wednesday hosts a litany of Arab dignitaries and diplomats ahead of a forum Beijing hopes will...

Published 29 May, 2024 12:36pm

South Asia

Cyclone toll in Bangaldesh and India rises to 65

KOLKATA: A powerful cyclone that smashed into low-lying Bangladesh and India killed at least 65 people, including in...

Published 29 May, 2024 12:28pm

Europe

Belarus halts participation in European military treaty

MOSCOW: President Alexander Lukashenko has signed a decree suspending Belarus’ participation in a treaty that limits...

Published 29 May, 2024 12:13pm

Business & Finance

Vietnam central bank to sell gold to domestic market through 4 state-owned banks

HANOI: Vietnam’s central bank will sell gold to the domestic market through four state-owned banks starting on...

Published 29 May, 2024 12:04pm

Business & Finance

Australia inflation quickens to 5-month high, sounding rate alarm

SYDNEY: Australian consumer price inflation unexpectedly picked up to a five-month high in April due in part to...

Published 29 May, 2024 12:03pm

Technology

Elon Musk’s Starlink back up after brief outage

Elon Musk’s Starlink, the satellite unit of SpaceX, is back up after an outage that affected thousands of users, the...

Published 29 May, 2024 11:59am

Energy

South Korea’s KOGAS seeks LNG supplies on short- to long-term basis

SINGAPORE: South Korea’s Korea Gas Corp (KOGAS) is seeking liquefied natural gas (LNG) supplies on a short- and...

Published 29 May, 2024 11:56am

Stocks

Australian shares hit 3-week low as financials drag, inflation data in focus

Australian shares fell to a three-week low on Wednesday, dragged down by heavyweight financial stocks, as investors...

Published 29 May, 2024 11:52am

Technology

India’s Paytm says not in stake sale talks, though media report says CEO met billionaire Adani

BENGALURU: Indian digital payments firm Paytm is not in talks to sell a stake, it said on Wednesday, after a media...

Published 29 May, 2024 11:51am

Business & Finance

Japan must restore fiscal discipline to protect yen’s value, LDP panel says

TOKYO: Japan must restore fiscal discipline to brace for rising interest rates, and to ensure market trust in the...

Published 29 May, 2024 11:47am

World

‘A mountain fell on them’ says rescue worker at PNG landslide site

SYDNEY: Families in Yambali village in Papua New Guinea were sleeping peacefully in their beds when a “mountain” of...

Published 29 May, 2024 11:44am

Europe

Ukrainian drone destroyed over Russia’s Armavir, regional governor says

MOSCOW: Russian air defences destroyed a Ukrainian drone over the city of Armavir on Wednesday, regional governor...

Published 29 May, 2024 11:43am

Forex

Indonesia rupiah, Philippine peso emerge top losers in Asian FX

The Indonesian rupiah and the Philippine peso led declines among weak emerging Asian currencies on Wednesday, as...

Published 29 May, 2024 11:37am

Commodities

Wheat retreats from 10-month highs as investors lock profits

CANBERRA: Chicago wheat futures fell on Wednesday as forecasts for rain in parched Russian sowing areas led to...

Published 29 May, 2024 11:35am

Business & Finance

Vietnam inflation rises in May, nears government limit

HANOI: Vietnam’s annual inflation rate edged up to 4.44% in May, official data showed on Wednesday, nearing the...

Published 29 May, 2024 11:33am

Stocks

Japan’s Nikkei erases gains as JGB yields rise

TOKYO: Japan’s Nikkei share average erased early gains to trade lower on Wednesday as investors sold growth stocks...

Published 29 May, 2024 11:31am

Stocks

China stocks up as IMF upgrades GDP forecasts

SHANGHAI: China stocks edged up on Wednesday, as the International Monetary Fund (IMF) upgraded its economic growth...

Published 29 May, 2024 11:26am

Commodities

Palm rises on firmer crude oil prices, Dalian strength

KUALA LUMPUR: Malaysian palm oil futures rose on Wednesday, buoyed by firmer crude oil prices and gains in rival...

Published 29 May, 2024 11:23am

Energy

Saudi Arabia may cut July oil prices to Asia for first time in 5 months

SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, may cut prices for most crude grades it sells to Asia in...

Published 29 May, 2024 11:14am

Sports

Big guns Swiatek and Osaka meet in early French Open showdown

PARIS: Defending French Open champion Iga Swiatek will take on Naomi Osaka in a blockbuster second-round contest...

Published 29 May, 2024 11:13am

Technology

Lenovo to issue $2bn of convertible bonds to Saudi’s Alat to repay debt

Lenovo Group said on Wednesday it would issue $2 billion worth of zero-coupon convertible bonds to Alat, and had...

Published 29 May, 2024 11:10am

Business & Finance

IMF upgrades China’s 2024, 2025 GDP growth forecasts after ‘strong’ Q1

BEIJING: China’s economy is set to grow 5% this year, after a “strong” first quarter, the International Monetary...

Published 29 May, 2024 11:09am

Forex

Indian rupee to dip on jump in US bond yields; inflows may cap losses

MUMBAI: The Indian rupee will decline at open on Wednesday, tracking the broad decline on Asian peers amid a rise in...

Published 29 May, 2024 11:04am

Commodities

Vietnam Jan-May coffee exports down 3.9% y/y at 833,000 T

HANOI: Vietnam exported 833,000 metric tons of coffee in the first five months of this year, down 3.9% from a year...

Published 29 May, 2024 11:02am

Commodities

Vietnam rice exports in May up 35.3% y/y at 980,000 T

HANOI: Vietnam exported 980,000 metric tons of rice in May, up 35.3% against the same month a year earlier,...

Published 29 May, 2024 11:01am

Forex

China’s yuan hits 6-month low as fading Fed cut bets boost dollar

SHANGHAI: China’s yuan dropped to the lowest level in more than six months against the US dollar on Wednesday, after...

Published 29 May, 2024 11:00am

World

Algeria proposes UN action to ‘stop killing in Rafah’

UNITED NATIONS: Algeria on Tuesday proposed a draft UN Security Council resolution that demands a ceasefire in the...

Published 29 May, 2024 10:58am

Mutual Funds

Upward drift in US yields nudges Indian peers higher

MUMBAI: Indian government bond yields moved marginally higher on Wednesday with the benchmark yield breaching 7% as...

Published 29 May, 2024 10:52am

Stocks

Indian shares open lower as financials drag

BENGALURU: Indian shares opened lower on Wednesday, dragged by losses in heavyweight financials and information...

Published 29 May, 2024 10:51am

Commodities

Global aluminium producer seeks Q3 premiums of $175/T, sources say

TOKYO: A global aluminium producer has offered Japanese buyers a premium of $175 per metric ton for July-September...

Published 29 May, 2024 10:49am

Mutual Funds

JGB yields leap to more than a decade peak on currency, BOJ policy jitters

TOKYO: Japanese government bond (JGB) yields rose on Wednesday to fresh multi-year highs as investors remained...

Published 29 May, 2024 10:48am

Commodities

Copper climbs on China outlook; firm dollar, rising stocks cap gains

BEIJING: Copper prices climbed on Wednesday on expectations of better demand from top consumer China, while a steady...

Published 29 May, 2024 10:46am

Bullion Rate

Gold subdued as US dollar, yields firm; traders await inflation data

Gold prices edged lower on Wednesday as the US dollar and Treasury yields held firm ahead of key inflation data,...

Published 29 May, 2024 10:45am

Forex

Australia dollar underpinned as inflation, yields move higher

SYDNEY: The Australian dollar got a brief lift on Wednesday after a reading on local inflation surprised on the high...

Published 29 May, 2024 10:43am

Forex

Dollar steady ahead of inflation data, yen wobbles

SINGAPORE: The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later...

Published 29 May, 2024 09:53am

MoC to resist PSMA’s ‘unsound’ export plan

ISLAMABAD: The Commerce Ministry has reportedly decided to resist Pakistan Sugar Mills Association’s ‘unsound’ sugar...

Updated 29 May, 2024 09:21am

Gender finance gap: SECP unveils policy framework for ‘WEFP’

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a policy framework for Women...

Updated 29 May, 2024 09:20am

FBR’s e-portal has no direct linkage with govt’s withholding agent

ISLAMABAD: The Federal Board of Revenue’s automated database (FBR’s e-portal) has no direct electronic linkage with...

Updated 29 May, 2024 09:20am

FBR plans to collect Rs1.296trn thru duties

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated to collect nearly Rs1,296 billion from customs duties in...

Updated 29 May, 2024 09:19am

France lawmaker suspended for waving Palestinian flag

PARIS: French parliament Tuesday suspended a left-wing lawmaker for two weeks after he held up a Palestinian flag...

Updated 29 May, 2024 09:18am

Business & Finance

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...

Updated 29 May, 2024 08:37am

PM for preparing new cooperation projects with China

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the ministries to prepare new cooperation projects between...

Updated 29 May, 2024 08:35am

Anti-theft drive flops: GEPCO, energy dept at loggerheads

ISLAMABAD : Gujranwala Electric Power Company (GEPCO) and chief of Punjab electricity theft convener - Secretary...

Updated 29 May, 2024 08:34am

Nawaz elected PML-N president

LAHORE: Former three-time premier Mian Nawaz Sharif was elected unopposed as the president of the PML-N with resolve...

Updated 29 May, 2024 08:32am

BR’s refresher: your morning briefing for the day

Important updates from May 28, 2024

Published 29 May, 2024 08:27am

BR Research

Honda floating

Looking at the financial statement of Honda Atlas Cars (PSX: HCAR), one wonders, how did the company manage to raise...

Published 29 May, 2024 06:37am

BR Research

Case for coffee

Pakistan is a tea-drinking nation, no doubt. But with changing demographics, slowly but surely, coffee penetration...

Published 29 May, 2024 06:32am

BR Research

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) is incorporated in Pakistan as a public limited company. The company is...

Published 29 May, 2024 06:27am

Editorials

A bleak investment outlook

EDITORIAL: In a much-needed fillip for Pakistan’s floundering investment landscape, Prime Minister Shehbaz Sharif’s...

Published 29 May, 2024 06:05am

Opinion

Why Discos’ privatisation can never happen

Pakistan’s power sector has undergone various reforms in a bid to make the market more liberalized and introduce...

Published 29 May, 2024 06:05am

Opinion

PARTLY FACETIOUS: Countrywide tree-plantation is a must

“We are resilient.” “Indeed, with record high temperatures in the country….” “Well, it’s damned if the government...

Published 29 May, 2024 06:05am

Energy

Nepra reschedules CTBCM hearing for tomorrow

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has rescheduled public hearing on final test run...

Published 29 May, 2024 06:06am

Africa

South Africa gears up for ‘most unpredictable’ vote

JOHANNESBURG: South Africans braced Tuesday for a tight general election that may loosen the ruling ANC’s 30-year...

Published 29 May, 2024 06:05am

Business & Finance

Aleem holds meetings in Tajikistan to increase bilateral trade

ISLAMABAD: Federal Minister of Investment Board, Privatisation and Communications Abdul Aleem Khan, during his visit...

Published 29 May, 2024 06:05am

Pakistan

NDMA warns public against fake website

ISLAMABAD, May 28: The National Disaster Management Authority (NDMA) has warned the public to be aware of a website...

Published 29 May, 2024 06:05am

Pakistan

Bhutto was the architect of N-technology: Sharjeel

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport, Excise, Taxation, and Narcotics...

Published 29 May, 2024 06:05am

Pakistan

Al-Qadir Trust case: NAB raids Bahria Town’s office

ISLAMABAD: The National Accountability Bureau (NAB) has conducted a raid on the office of property tycoon Malik...

Published 29 May, 2024 06:05am

Pakistan

India’s missile deployments threaten peace: ex-CJCSC

ISLAMABAD: India’s aggressive missile developments, including deploying advanced systems like the BrahMos missile...

Published 29 May, 2024 06:05am

Pakistan

SC’s order in refund matters: CTO Islamabad fails to submit comments before FTO

ISLAMABAD: The Federal Board of Revenue’s Corporate Tax Office (CTO), Islamabad has failed to timely submit...

Published 29 May, 2024 06:05am

Business & Finance

Customs values on import of welding electrodes revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has revised customs values on the import of welding...

Published 29 May, 2024 06:05am

Pakistan

NAO amendment case verdict: SC to take up plea of govt today

ISLAMABAD: The Supreme Court larger bench will take up Intra-Court Appeal (ICA) of the federation against SC ...

Published 29 May, 2024 06:05am

Pakistan

Heatwave spell likely to stay for two more days

KARACHI: The relentless heatwave spell is likely to stay across the country’s plains for two days more, the Met...

Published 29 May, 2024 06:05am

World

Iraq’s Sadr demands closure of US embassy after Rafah strike

BAGHDAD: Influential Iraqi cleric Moqtada Sadr renewed his calls to close the US embassy in Baghdad Tuesday after an...

Published 29 May, 2024 06:05am

Technology

Google, Amazon, Apple lobby group opposes India’s EU-like antitrust proposal

NEW DELHI: A US lobby group representing tech giants Google, Amazon and Apple has asked India to rethink its ...

Published 29 May, 2024 06:05am

World

Trump defense attorney attacks hush money case as ‘lies’

NEW YORK: Defense lawyers in Donald Trump’s hush money trial made their final pitch to the jury on Tuesday,...

Published 29 May, 2024 06:05am

South Asia

12 Indians killed in quarry collapse after cyclone rains

GUWAHATI, (India): Torrential rains in the wake of a powerful cyclone caused the collapse of a quarry in India’s...

Published 29 May, 2024 06:05am

Europe

120 business leaders back UK’s Labour in election

LONDON: The UK’s Labour party won the backing on Tuesday of 120 business leaders, in a timely boost as it bids to...

Published 29 May, 2024 06:05am

World

Donors vow $5.4bn for Syrian refugees

BRUSSELS (Belgium): International donors led by the EU on Monday pledged five billion euros ($5.4 billion) for ...

Published 29 May, 2024 06:05am

Stocks

Most Asian currencies strengthen

BENGALURU: Most emerging Asian currencies were on the front foot on Tuesday, with the Philippine peso and South...

Published 29 May, 2024 06:05am

Pakistan

Shehzad Ahmed Malik re-elected as ICMAP President

KARACHI: Shehzad Ahmed Malik, was re-elected as President of Institute of Cost and Management Accountants of...

Published 29 May, 2024 06:05am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (May 28, 2024) and the forecast for Wednesday (May 29, 2024)...

Published 29 May, 2024 06:05am

Pakistan

Coalition govt working day in, day out to overcome challenges: PM

LAHORE: Prime Minister Shehbaz Sharif said on Tuesday that Pakistan is destined to come out of prevailing situation...

Published 29 May, 2024 06:05am

Pakistan

PTI condemns attempts to ‘politicise’ national atomic programme

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday strongly condemned attempts to politicise the national atomic...

Published 29 May, 2024 06:05am

Pakistan

DNA testing: LHC says consent of parties is a must

LAHORE: The Lahore High Court has held that the trial court can resort to DNA testing only with the consent of the...

Published 29 May, 2024 06:05am

Pakistan

Govt’s refusal to allocate funds for universities: FAPUASA holds meeting to discuss notification

LAHORE: An emergent meeting of Executive Council of Federation of All Pakistan Universities Academic Staff...

Published 29 May, 2024 06:05am

Pakistan

Pakistan participates in Sial Food Show China

KARACHI: For the first time, Pakistan is participating in the prestigious Sial Food Show China, held from May 28-30,...

Published 29 May, 2024 06:05am

Pakistan

Customs seizes smuggled Iranian Crocker

KARACHI: The Collectorate of Customs Enforcement, Karachi has seized huge quantity of smuggled Iranian Crocker worth...

Published 29 May, 2024 06:05am

Energy

Four solar parks being set up: Nasir Shah

KARACHI: Minister of Energy and Development & Planning Sindh Syed Nasir Hussain Shah has said that the ...

Published 29 May, 2024 06:05am

Pakistan

PNSC participates in job fair of PHC

KARACHI: Pakistan National Shipping Corporation (PNSC) realising its national obligation actively participated in ...

Published 29 May, 2024 06:05am

Pakistan

FO organises show on Pakistan’s Buddhist heritage

ISLAMABAD: A two-day symposium and an exhibition, titled “From Gandhara to the World” opened here on Tuesday at...

Published 29 May, 2024 06:05am

Pakistan

Govt asked to continue extending support to varsities

FAISALABAD: The vice chancellors’ committee had requested the federal government to continue extending support to...

Published 29 May, 2024 06:05am

Pakistan

New customs values fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of Abrasive...

Published 29 May, 2024 06:05am

Pakistan

PTI rejects election of Nawaz as PML-N president

ISLAMABAD: Pakistan Tehreek-e-Insaaf (PTI) on Tuesday rejected the election of Nawaz Sharif as party president,...

Published 29 May, 2024 06:05am

Pakistan

India granted consular access to arrested RAW agents

ISLAMABAD: Pakistan has granted consular access to India for meeting two alleged RAW agents imprisoned in Adiala ...

Published 29 May, 2024 06:05am

Pakistan

27th annual Alhamra festival kicks off

LAHORE: The 27th annual Alhamra Theatre Festival kicked off enthusiastically at Alhamra Arts Center, promising 10...

Published 29 May, 2024 06:05am

Pakistan

CM Sindh felicitates nation on Youm-e-Takbeer

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, on Tuesday, felicitated the nation on 'Youm-e-Takbeer' and said...

Published 29 May, 2024 06:05am

Pakistan

LWMC launches ‘Zero Waste Cleanliness Drive’

LAHORE: The Lahore Waste Management Company (LWMC) on Tuesday launched the ‘Zero Waste Cleanliness Drive’ in...

Published 29 May, 2024 06:05am

Pakistan

Margalla Hills fire: Naqvi orders registration of case

ISLAMABAD: Interior Minister Mohsin Naqvi on Tuesday took notice of the fires in Margalla Hills and ordered...

Published 29 May, 2024 06:05am

Pakistan

Navy foils major drug smuggling bid

KARACHI: Pakistan Navy has foiled a major drug smuggling attempt in the North Arabian Sea, the Inter-Services Public...

Published 29 May, 2024 06:05am

Pakistan

Nawaz greeted over being elected PML-N president

ISLAMABAD: Speaker National Assembly of Pakistan Sardar Ayaz Sadiq has extended warm felicitation to Mian Muhammad...

Published 29 May, 2024 06:05am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 29 May, 2024 06:05am

Commodities

Gold prices sharply down

KARACHI: Gold prices on Tuesday dipped on the local market but silver stood firm, traders said. The yellow metal...

Published 29 May, 2024 06:05am

Energy

Oil prices rise on OPEC+ restraint prospect

NEW YORK: Global oil prices increased on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at...

Published 29 May, 2024 06:05am

Commodities

Gold steadies on lower dollar, focus shifts to US inflation data

BENGALURU: Gold prices held steady on Tuesday, buoyed by a slight pullback in the dollar as investors look forward ...

Published 29 May, 2024 06:05am

Commodities

Chicago wheat futures at 10-month high

CANBERRA: Chicago wheat futures rose nearly 3% on Tuesday to their highest level since last July on concerns that...

Published 29 May, 2024 06:05am

Commodities

EU 2023/24 soft wheat exports reach 27.8m tons

PARIS: Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 27.8...

Published 29 May, 2024 06:05am

Commodities

China approves imports of GMO corn grown in Argentina

BUENOS AIRES: China has authorized for import two varieties of genetically-modified (GMO) corn grown in Argentina,...

Published 29 May, 2024 06:05am

Commodities

Japanese rubber futures rally

SINGAPORE: Japanese rubber futures rose for a fifth session on Tuesday to log their longest winning streak in over...

Published 29 May, 2024 06:05am

Stocks

Nasdaq crosses 17,000 mark ahead of inflation test

NEW YORK: The Nasdaq breached the 17,000 level for the first time on Tuesday, buoyed as AI darling Nvidia jumped to ...

Published 29 May, 2024 06:05am

Stocks

European shares decline as cautious Fed commentary weighs

PARIS: European shares fell in broad-based declines on Tuesday in the lead-up to crucial inflation prints around the...

Published 29 May, 2024 06:05am

Stocks

China stocks close down as investors await inflation data

SHANGHAI: Chinese stocks closed down on Tuesday as traders awaited key inflation data from major economies this week...

Published 29 May, 2024 06:05am

Stocks

Japan’s Nikkei slips as BOJ hike timing weighed

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

Published 29 May, 2024 06:05am

Stocks

India blue-chips end lower

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

Published 29 May, 2024 06:05am

Stocks

Sri Lanka shares end lower

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

Published 29 May, 2024 06:05am

Stocks

Abu Dhabi hits 2-year low as Gulf bourses drop

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

Published 29 May, 2024 06:05am

Energy

No action yet against Disco officials who caused Rs589bn loss

LAHORE: No disciplinary action has yet been taken against the Disco officials, including the CEOs and the Chief...

Published 29 May, 2024 06:05am

Energy

Wapda chairman visits Tarbela 5th Extension project

PESHAWAR: Chairman Water & Power Development Authority (Wapda) Engr Lt Gen Sajjad Ghani (retd) visited Tarbela...

Published 29 May, 2024 06:05am

Letters

‘Managing the student crisis in Kyrgyzstan: a PR perspective’

This is apropos a letter to the editor entitled ‘Managing the student crisis in Kyrgyzstan: a perspective’ that...

Published 29 May, 2024 06:05am

Opinion

SIFC—a better role

The SIFC was created with a mandate to facilitate much-needed investments from foreign public and private entities...

Published 29 May, 2024 06:05am

Opinion

Auto industry

Pakistan’s automobile industry is stunted and dysfunctional. Customers must “book” a vehicle and wait upwards of...

Published 29 May, 2024 06:05am

Pakistan

Palestine as state: PM welcomes Spain’s recognition

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the announcement by Spanish Prime Minister Pedro ...

Published 29 May, 2024 06:05am

Pakistan

SU students to participate in IBA ICC Moot Court Competition 2024

HYDERABAD: A five-member students' delegation headed by two faculty members from the Institute of Law, University of...

Published 29 May, 2024 06:05am

Energy

Solar energy adoption: Zi Solar, Trina Solar join hands

KARACHI: Trina Solar, a global leader in solar photovoltaic (PV) and smart energy solutions, and Zi Solar, a...

Published 29 May, 2024 06:05am

Taxes

FTO issues instructions to FBR: Field formations should not demand individual CPRs from taxpayers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the field formations...

Published 29 May, 2024 06:05am

Taxes

FBR imposes penalty of ‘Compulsory Retirement’ upon IRO

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a major penalty of “Compulsory Retirement” upon an...

Published 29 May, 2024 06:05am

Commodities

Russian wheat export prices rise as crop forecasts cut

MOSCOW: Russian wheat export prices continue to rise as forecasters cut their harvest estimates due to poor weather...

Published 29 May, 2024 06:05am

Commodities

Copper climbs, but high China stocks suggest ample supplies

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

Published 29 May, 2024 06:05am

Commodities

Malaysian palm oil futures higher

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

Published 29 May, 2024 06:05am

Commodities

Iron ore falls to one-week low

BEIJING: Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the...

Published 29 May, 2024 06:05am

Commodities

Crop Watch: Great start in east, but excess water hampers west

NAPERVILLE, (Illinois): Wet weather last week in the western Corn Belt slowed field work and disrupted corn ...

Published 29 May, 2024 06:05am

Business & Finance

‘Upcoming budget should be people-friendly’

KARACHI: There is a need to make the budget 2024-25 people-friendly, said economic expert and Pasban Democratic ...

Published 29 May, 2024 06:05am

Editorials

Public holiday

EDITORIAL: It’s difficult to understand how the last-minute announcement of a public holiday made the nation...

Published 29 May, 2024 06:05am

Pakistan

Punjab govt reduces prices of bakery items

LAHORE: After a reduction in the prices of roti following a drop in flour prices, the Punjab government on Tuesday...

Published 29 May, 2024 06:05am

Industry

CMOs partially meet KPIs

ISLAMABAD: Cellular mobile operators (CMOs) partially met key performance indicators (KPIs) set in their licences ...

Published 29 May, 2024 06:05am

Money & Banking

Dollar slips ahead of inflation data

NEW YORK: The dollar eased against most currencies on Tuesday ahead of key US and euro zone inflation data later ...

Published 29 May, 2024 06:05am

Money & Banking

China’s yuan edges lower

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

Published 29 May, 2024 06:05am

Companies

C Square partners with fintech leader ABHI

KARACHI: C Square a leading provider of cloud-based customer experience solutions, announced a strategic partnership...

Published 29 May, 2024 06:05am

Industry

PRGMEA says opposed to holiday on the occasion of Youm-e-Takbeer anniversary

LAHORE: The garment industry has opposed the government decision of declaring public holiday to mark Youm-e-Takbeer,...

Published 29 May, 2024 06:05am

Business & Finance

All political parties should forge unity for economic development: governor

LAHORE: Terming political stability vital to the country’s economic development, Governor Punjab Sardar Saleem...

Published 29 May, 2024 06:05am

Industry

Jam tells APTMA: Steps being devised to promote export-oriented industries

LAHORE: Federal Commerce Minister Jam Kamal Khan has assured All Pakistan Textile Mills Association and (APTMA) of...

Published 29 May, 2024 06:05am

Taxes

Experts suggest 40pc raise in tobacco taxes

ISLAMABAD: Health experts have strongly proposed the Federal Board of Revenue (FBR) to raise taxes on all kinds of...

Published 29 May, 2024 06:05am

Industry

CBD Punjab partners with Odoo ME

LAHORE: The Punjab Central Business District Development Authority (PCBDDA) joined hands with Odoo Middle East DMCC,...

Published 29 May, 2024 06:05am

Cricket

Rain washes out England-Pakistan 3rd T20

CARDIFF: Rain again washed out a match in England’s series against Pakistan for the second time as the third...

Published 29 May, 2024 04:06am

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 6	157.77
USD to Swiss Franc / Aug 6	0.81
Pound Sterling to USD / Aug 6	1.35
Euro to USD / Aug 6	1.15
SOFR % / Aug 5	3.66

Stock	Volume
S&P 500 / Aug 5	7,723.55
Nasdaq / Aug 5	26,363.44
Dow Jones / Aug 5	54,349.12
India Sensex / Aug 6	78,733.83
Tokyo Nikkei / Aug 6	65,266.67
Hang Seng / Aug 6	25,455.75
FTSE 100 / Aug 6	10,904.77
Germany DAX 30 / Aug 6	26,081.89
France CAC40 / Aug 6	8,726.90

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 5	18,780
Gold 10 Grams PKR / Aug 5	375,459
Petrol/Litre / Aug 6	333.01
Crude Oil USD/Barrel / Aug 6	74.78
Gold Spot USD/Ounce / Aug 6	4,250.14
Diesel/Litre / Aug 6	383.86
Cotton US¢/pound / Aug 6	82.86

Gainers
Losers
Leaders

Stock	Price
Dawood Equities / Aug 6 Dawood Equities Limited(DEL)	22.17 ▲ 2.02 (10.02%)
Asim Textile / Aug 6 Asim Textile Mills Limited(ASTM)	56.19 ▲ 5.11 (10%)
Buxly Paints / Aug 6 Buxly Paints Limited(BUXL)	208.65 ▲ 18.97 (10%)
J.A.Textile / Aug 6 J.A. Textile Mills Limited(JATM)	56.74 ▲ 5.16 (10%)
Tata Textile / Aug 6 Tata Textile Mills Limited(TATM)	145.11 ▲ 13.19 (10%)
East West Ins. / Aug 6 East West Insurance Company Limited(EWIC)	66.57 ▲ 6.05 (10%)
First Tri-Star Mod. / Aug 6 First Tri-Star Modaraba(FTSM)	42.17 ▲ 3.83 (9.99%)
Supernet Tech. / Aug 6 Supernet Technologies Limited(STL)	43.44 ▲ 3.91 (9.89%)
Nishat Chun.Pow. / Aug 6 Nishat Chunian Power Limited(NCPL)	61.92 ▲ 5.5 (9.75%)
Nishat Power / Aug 6 Nishat Power Limited(NPL)	72.18 ▲ 6.41 (9.75%)

Stock	Price
MACPAC Films / Aug 6 MACPAC Films Limited(MACFL)	63.43 ▼ -7.05 (-10%)
Pak. P.V.C. / Aug 6 Pakistan PVC Limited(PPVC)	24.34 ▼ -2.55 (-9.48%)
786 Invest Ltd / Aug 6 786 Investments Limited(786)	26.06 ▼ -2.51 (-8.79%)
Diamond Ind. / Aug 6 Diamond Industries Limited(DIIL)	59.76 ▼ -4.74 (-7.35%)
Redco Textile / Aug 6 Redco Textiles Limited(REDCO)	31.07 ▼ -2.3 (-6.89%)
Trust Mod. / Aug 6 Trust Modaraba(TRSM)	20.25 ▼ -1.31 (-6.08%)
Olympia Mills / Aug 6 Olympia Mills Limited(OML)	101.94 ▼ -6.35 (-5.86%)
Jauharabad Sug / Aug 6 Jauharabad Sugar Mills Limited(JSML)	62.56 ▼ -3.03 (-4.62%)
Dadabhoy Cement / Aug 6 Dadabhoy Cement Industries Limited(DBCI)	15.35 ▼ -0.66 (-4.12%)
Shadman Cotton / Aug 6 Shadman Cotton Mills Limited(SHCM)	54.66 ▼ -2.35 (-4.12%)

Stock	Volume
B.O.Punjab / Aug 6 The Bank of Punjab(BOP)	66,023,844 ▲ 1.25
Unity Foods Ltd / Aug 6 Unity Foods Limited(UNITY)	62,508,135 ▲ 0.76
Cnergyico PK / Aug 6 Cnergyico PK Limited(CNERGY)	56,219,311 ▲ 0.19
Trust Sec.& Brok. / Aug 6 Trust Securities & Brokerage Limited(TSBL)	32,748,672 ▼ -0.07
Maple Leaf Cement / Aug 6 Maple Leaf Cement Factory Limited(MLCF)	30,408,553 ▲ 5.15
Pace (Pak) Ltd. / Aug 6 Pace (Pakistan) Limited(PACE)	26,004,112 ▲ 0.19
WorldCall Telecom / Aug 6 Worldcall Telecom Limited(WTL)	22,085,414 ▼ -0.02
Pak Int.Bulk / Aug 6 Pakistan International Bulk Terminal(PIBTL)	20,540,858 ▲ 0.12
TPL Properties / Aug 6 TPL Properties Limited(TPLP)	16,352,135 ▲ 0.19
Cres.Star Ins. / Aug 6 Crescent Star Insurance Limited(CSIL)	15,096,693 ▲ 0.34