News Archives for Latest - 2024-06-05

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World

US congratulates Modi, hopes to work for ‘free and open’ Asia

WASHINGTON: The United States on Wednesday congratulated Indian Prime Minister Narendra Modi on his coalition’s...

Published 05 Jun, 2024 11:18pm

World

Qatar PM, Egypt intelligence chief meet Hamas in Doha

DOHA: Qatar’s Prime Minister Mohammed bin Abdulrahman Al-Thani and Egypt’s intelligence chief Abbas Kamel met with...

Published 05 Jun, 2024 11:13pm

Movies & Music

It’s Christmas in June for Ottawa filmmakers

OTTAWA: It’s Christmas in Ottawa, with filmmakers this spring and summer capturing couples smooching under...

Published 05 Jun, 2024 11:12pm

Life & Style

Sana Safinaz, Misha Lakhani, Sania Maskatiya set to exhibit in Dubai

Pakistani fashion will set up in gulf city prior to Eid festivities

Updated 05 Jun, 2024 11:09pm

Pakistan

PM in China pledges to protect Chinese nationals in Pakistan

Prime Minister Shehbaz Sharif on Wednesday expressed the resolve to spare no efforts in protecting the lives of...

Updated 05 Jun, 2024 11:07pm

Middle East

146 countries now recognise a Palestinian state

They include most Middle Eastern, African, Latin American and Asian countries, but not US, Canada, majority of western Europe, Australia, Japan or South Korea

Updated 05 Jun, 2024 11:05pm

Business & Economy

Pakistan eyes access to Chinese capital markets: Aurangzeb

Finance Minister sees policy rate cut this year

Updated 05 Jun, 2024 10:56pm

Sports

Rohit in the runs as India rout Ireland in T20 World Cup

NEW YORK: Rohit Sharma made 52 before retiring hurt as India overwhelmed Ireland by eight wickets in the teams’ T20...

Updated 05 Jun, 2024 10:56pm

Currency

Rupee unchanged against US dollar

Currency settles at 278.30 in inter-bank market

Updated 05 Jun, 2024 10:54pm

Companies

Air Link inks MoU with China’s IMIKI Corporation to manufacture smart wearable devices

Air Link Communication Limited, a manufacturer of smartphones in Pakistan, has inked a Memorandum of Understanding...

Updated 05 Jun, 2024 10:53pm

Business & Economy

SBP expected to cut rates by 100bps, Reuters poll shows

ISLAMABAD: The State Bank of Pakistan (SBP) is widely expected to cut its key interest rate next week by 100 basis...

Updated 05 Jun, 2024 10:51pm

Stocks

KSE-100 extends losses amid selling pressure

The Pakistan Stock Exchange (PSX) witnessed another negative session on Wednesday as its benchmark KSE-100 Index...

Updated 05 Jun, 2024 10:47pm

Business & Economy

ADB approves $250mn loan to boost public-private partnerships in Pakistan

The Asian Development Bank (ADB) on Wednesday approved a $250-million policy-based loan to help Pakistan drive...

Updated 05 Jun, 2024 10:43pm

Energy

Power Division rejects reports of ending net metering policy

The Power Division on Wednesday rejected reports claiming that the government might take a decision to end the net...

Updated 05 Jun, 2024 10:18pm

Stocks

Budget 2024-25: PSX proposes tax reforms to boost capital market

The Pakistan Stock Exchange (PSX) on Wednesday submitted its proposals to the government for the upcoming budget,...

Published 05 Jun, 2024 09:50pm

Energy

Oil eases as US crude, fuel stock builds bolster demand jitters

HOUSTON: Oil prices edged lower on Wednesday as a surprise build in U.S. crude stocks and larger-than-expected rise...

Updated 05 Jun, 2024 08:55pm

Stocks

US stocks rise as weaker hiring data boost rate cut chances

NEW YORK: US stocks opened higher Wednesday, buoyed by private sector hiring data that will likely fuel calls for...

Published 05 Jun, 2024 08:07pm

Sports

Sabalenka eyes French Open semis, Rybakina beaten by Paolini

PARIS: Aryna Sabalenka targets a place in a seventh consecutive Grand Slam semi-final when she takes on Russian...

Published 05 Jun, 2024 08:05pm

Pakistan

No restriction on court reporting: IHC

The Islamabad High Court (IHC) clarified on Wednesday that journalists were free to report on court proceedings, but...

Published 05 Jun, 2024 06:49pm

Stocks

Gulf markets end mixed; Egypt slips

Stock markets in the Gulf were mixed on Wednesday amid steady oil prices, while soft U.S. labor market data...

Published 05 Jun, 2024 06:48pm

Europe

Russia to deploy more ‘instructors to Burkina Faso’: Lavrov

ABIDJAN: The number of Russian military instructors in Burkina Faso “will increase”, Moscow’s Foreign Minister...

Published 05 Jun, 2024 06:46pm

Middle East

Netanyahu says Israel ‘prepared for very intense operation’ on Lebanon border

OCCUPIED JERUSALEM: Prime Minister Benjamin Netanyahu said Wednesday that Israel was “prepared for a very intense...

Published 05 Jun, 2024 06:36pm

Industry

Geo-distributed firms face information security challenges: Kaspersky

ISLAMABAD: A global cyber security company has asked Pakistani companies to apply solutions that enable centralized...

Updated 05 Jun, 2024 06:35pm

Pakistan

Bilawal urges party leaders to meet public expectations, stop in-fighting

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday urged Sindh ministers to focus on their...

Published 05 Jun, 2024 06:25pm

Pakistan

Pakistan, Italy agree to undertake joint efforts against drug trafficking

Interior Minister Mohsin Naqvi and his Italian counterpart Matteo Piantedosi meet in Rome to discuss the issue

Published 05 Jun, 2024 05:55pm

Movies & Music

Alec Baldwin, facing manslaughter trial, to star in reality show

LOS ANGELES: Alec Baldwin is to star in a reality TV show, the US actor announced Tuesday, a month before he stands...

Published 05 Jun, 2024 05:53pm

Commodities

Copper nears 1-month low as real demand lags expectations

LONDON: Copper prices slid to near one-month lows on Wednesday, pausing their strongest rally in years as strong...

Published 05 Jun, 2024 05:26pm

Energy

Qatar signs 27-year gas supply deal with Taiwan’s CPC

DOHA: Qatar has agreed to supply the Taiwan-headquartered Chinese Petroleum Corp (CPC) with natural gas for 27...

Published 05 Jun, 2024 05:03pm

Stocks

Indian shares surge as Modi’s allies pledge support to form government

BENGALURU: Indian shares jumped over 3% on Wednesday, marking its best one-day gain in over three years after key...

Published 05 Jun, 2024 04:51pm

Stocks

Sri Lanka shares end higher as financials, consumer staples gain

CSE All-Share index settled 0.71% higher at 12,189.85

Published 05 Jun, 2024 04:48pm

Commodities

Palm oil erases early gains to close lower; monthly data in focus

JAKARTA: Malaysian palm oil futures shed early gains to close lower for a second consecutive session on Wednesday,...

Published 05 Jun, 2024 04:45pm

Travel

With thistles and tartan, Dior pays tribute to Scotland in cruise collection

LONDON: French fashion house Christian Dior paid homage to Scotland at a catwalk show in a Perthshire castle, with...

Published 05 Jun, 2024 03:39pm

Commodities

Gold price per tola sheds Rs400 in Pakistan

After increasing in the previous session, gold prices declined in Pakistan on Wednesday in line with a decrease in...

Published 05 Jun, 2024 03:17pm

South Asia

India’s Manipur state rejects Modi’s BJP after year-long ethnic clashes

GUWAHATI: India’s main opposition Congress party bagged both parliamentary seats in strife-torn Manipur in the...

Published 05 Jun, 2024 02:57pm

Middle East

Syrian man arrested after shooting near US embassy in Beirut: army

BEIRUT: A Syrian man was arrested after a shooting Wednesday near the US embassy in Beirut, the Lebanese army said,...

Published 05 Jun, 2024 02:23pm

USA

Trump in first election test after hush money conviction

WASHINGTON: Donald Trump faced Republican voters for the first time as a convicted felon on Tuesday during the final...

Published 05 Jun, 2024 02:20pm

Life & Style

King Charles banknotes enter circulation in UK

LONDON: Banknotes featuring a portrait of King Charles entered circulation in Britain on Wednesday, nearly two years...

Published 05 Jun, 2024 02:20pm

Stocks

European stock markets rise at open

LONDON: Europe’s main stock markets advanced at the start of trading on Wednesday, as investors took their cue from...

Published 05 Jun, 2024 02:16pm

Europe

Kyiv welcomes US VP Harris participation at Ukraine summit

KYIV: Kyiv on Wednesday welcomed an announcement from Washington that US Vice President Kamala Harris will attend an...

Published 05 Jun, 2024 02:14pm

Pakistan, China agree to explore opportunities under CPEC

SHENZHEN: Prime Minister Shehbaz Sharif Tuesday met with Party Secretary of Shenzhen Municipal Committee and Deputy...

Updated 05 Jun, 2024 02:13pm

Govt to discuss agri, livestock issues with Malaysian PM

ISLAMABAD: Pakistan has decided to strengthen bilateral economic relations with Malaysia, including in the...

Updated 05 Jun, 2024 02:12pm

Super tax cannot be imposed retrospectively: LHC

ISLAMABAD: Lahore High Court (LHC) Tuesday held that super tax under Section 4C (Super tax on high-earning persons)...

Updated 05 Jun, 2024 02:11pm

$390m IBRD loan: World Bank likely to restructure T4HP to extend closing date

ISLAMABAD: The World Bank is likely to restructure Tarbela Fourth Extension Hydropower Project (T4HP) to extend the...

Updated 05 Jun, 2024 02:11pm

Transactions in PKR between Gwadar free zone, tariff area allowed

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed business transactions of goods trading between Gwadar Free...

Updated 05 Jun, 2024 02:11pm

Life & Style

Zara owner Inditex boosted by pick-up in Spring sales

MADRID: Zara owner Inditex reported a pick-up in recent sales from its Spring/Summer collections, boosting its...

Published 05 Jun, 2024 02:04pm

Europe

D-Day events to overshadow UK election after fiery TV debate

LONDON: Conservative Prime Minister Rishi Sunak and Labour opposition leader Keir Starmer switched focus Wednesday...

Published 05 Jun, 2024 01:54pm

Life & Style

‘Zindagi Tamasha’ becomes first movie to premiere on TikTok

KARACHI: TikTok has announced a groundbreaking partnership with Khoosat Films, led by the director Sarmad Khoosat,...

Updated 05 Jun, 2024 01:49pm

Sports

Euro 2024: Spain factfile

BARCELONA: Factfile on Spain ahead of Euro 2024, which starts on June 14: Previous Euro performances: 11...

Published 05 Jun, 2024 01:33pm

Sports

Euro 2024: Italy factfile

MILAN: Factfile on Italy ahead of Euro 2024, which starts on June 14: Previous Euro performance: 10 participations,...

Published 05 Jun, 2024 12:43pm

Sports

Euro 2024: Scotland factfile

GLASGOW: Factfile on Scotland ahead of Euro 2024, which starts on June 14: Previous Euro performance: 3 tournaments,...

Published 05 Jun, 2024 12:38pm

Business & Finance

Modi’s smaller mandate to slow India’s fiscal tightening, Moody’s says

MUMBAI: The narrower margin of victory for Indian Prime Minister Narendra Modi’s alliance in elections will...

Published 05 Jun, 2024 12:35pm

Business & Finance

India airline industry to report wider loss in FY25, consultancy says

NEW DELHI: Losses for India’s airline industry are expected to widen to $400 million to $600 million in fiscal 2025...

Published 05 Jun, 2024 12:34pm

Business & Finance

Turkiye to impose stocks, crypto assets transaction tax, official says

ANKARA: Turkiye has almost finalised work on imposing a transaction tax on the purchase and sale of stocks and...

Published 05 Jun, 2024 12:31pm

Mutual Funds

JGB yields track US peers to 2-week low; benchmark yield briefly below 1%

TOKYO: Japanese government bond (JGB) yields declined to two-week lows on Wednesday tracking US yields, even as...

Published 05 Jun, 2024 12:29pm

South Asia

India’s Modi, allies to meet after election verdict, key ally pledges support

HYDERABAD: A key ally of Indian Prime Minister Narendra Modi pledged support to him on Wednesday and was set to...

Updated 05 Jun, 2024 12:19pm

Pakistan

Banned outfits restricted from collecting animals’ hides

LAHORE: The Punjab government has imposed restriction on the banned organizations to collect sacrificial animal...

Updated 05 Jun, 2024 12:11pm

Sports

Euro 2024: Croatia factfile

ZAGREB: Factfile on Croatia ahead of Euro 2024, which starts on June 14: Previous Euro performances: Six...

Published 05 Jun, 2024 12:03pm

Sports

Euro 2024: Germany factfile

BERLIN: Factfile on Germany ahead of Euro 2024, which starts on June 14: Previous Euro performance: 13...

Published 05 Jun, 2024 12:00pm

Sports

Luka Modric set for international swan song at Euro 2024

ZAGREB: Luka Modric, Croatia’s star midfielder and the guiding force behind the country’s recent football successes,...

Published 05 Jun, 2024 11:57am

Asia

Japan congratulates Modi’s alliance on India election win

TOKYO: Japan on Wednesday congratulated Prime Minister Narendra Modi’s ruling alliance on their victory in India’s...

Published 05 Jun, 2024 11:55am

Stocks

Hong Kong shares open higher on new US rate cut hopes

HONG KONG: Hong Kong stocks edged up in the opening minutes of Wednesday after a weak US jobs reading gave a shot in...

Published 05 Jun, 2024 11:42am

Sports

Skipper Rohit Sharma tried to get Dravid to stay on as India coach

NEW YORK: India captain Rohit Sharma said Tuesday that he had unsuccessfully tried to get Rahul Dravid to stay on as...

Published 05 Jun, 2024 11:40am

World

Body recovery ‘called off’ at Papua New Guinea landslide site

PORT MORESBY: The bodies of hundreds of villagers feared buried in Papua New Guinea landslide will not be recovered,...

Published 05 Jun, 2024 11:38am

Sports

Teenager Mirra Andreeva frees her mind in quest for French Open upset

When Mirra Andreeva steps out on Philippe Chatrier on Wednesday, she will have the unenviable task of beating...

Published 05 Jun, 2024 11:04am

USA

Biden to meet Zelenskiy, US not planning to send military trainers to Ukraine

WASHINGTON: President Joe Biden will meet Ukrainian leader Volodymyr Zelenskiy while in Normandy, White House...

Published 05 Jun, 2024 11:01am

Sports

Australia’s Cummins signs with Major League Cricket franchise

MELBOURNE: Australia’s test and ODI captain Pat Cummins has signed a four-year deal with the San Francisco Unicorns...

Published 05 Jun, 2024 10:58am

Stocks

Indian shares rebound after worst session in four years on narrow Modi win

BENGALURU: Indian shares edged up on Wednesday, after posting their worst day in over four years in the previous...

Published 05 Jun, 2024 10:57am

Commodities

Copper dips on weak physical demand in China

Copper prices fell on Wednesday, staying below a key level of $10,000 a metric ton, as weak physical demand in top...

Published 05 Jun, 2024 10:55am

Stocks

Japan’s Nikkei falls after weak US jobs data; stronger yen weighs

TOKYO: Japan’s Nikkei share average fell on Wednesday, dragged by economic-sensitive stocks after...

Published 05 Jun, 2024 10:54am

Energy

UAE’s non-oil business growth retains slower pace in May, PMI shows

DUBAI: Capacity constraints weighed on non-oil business activity in the United Arab Emirates in May with output...

Published 05 Jun, 2024 10:45am

Forex

China’s yuan down as markets look past service activity data

SHANGHAI: China’s yuan eased against the dollar on Wednesday on persistent doubts about the pace of recovery in the...

Published 05 Jun, 2024 10:42am

Stocks

China stocks edge down despite upbeat service activity data; HK shares up

SHANGHAI: China stocks edged down on Wednesday, dragged lower by consumer and property shares, despite an unexpected...

Published 05 Jun, 2024 10:41am

Business & Finance

UK new car sales grew in May, preliminary industry data shows

New car registrations in Britain recorded their 22nd consecutive month of growth in May, preliminary industry data...

Published 05 Jun, 2024 10:40am

Stocks

Financials, healthcare drive Australian shares higher ahead of GDP data

Australian shares inched higher on Wednesday, as gains in banks and healthcare stocks outweighed losses in...

Published 05 Jun, 2024 10:38am

Forex

Indian rupee to count on central bank’s help amid portfolio outflows

MUMBAI: The Indian rupee will rely on the central bank stepping in to defend the currency on Wednesday, amid likely...

Published 05 Jun, 2024 10:36am

Commodities

Wheat reverses course from two-week low, supported by lower Russian crop

SINGAPORE: Chicago wheat ticked higher on Wednesday, bouncing off the two-week low hit earlier in the session, with...

Published 05 Jun, 2024 10:35am

Forex

Australian, NZ dollars find support, carry trades turn turbulent

SYDNEY: The Australian and New Zealand dollars edged up again on Wednesday after domestic economic news proved less...

Published 05 Jun, 2024 10:33am

Commodities

Palm oil in tight range after steepest decline since May 2023

JAKARTA: Malaysian palm oil futures traded in a tight range early on Wednesday, after they fell nearly 4% in the...

Published 05 Jun, 2024 10:31am

Sports

Relentless Cristiano Ronaldo chasing more Euro glory with Portugal

Portugal captain Cristiano Ronaldo has been a model of longevity for more than two decades in an outstanding career,...

Published 05 Jun, 2024 10:30am

Bullion Rate

Gold rangebound as traders seek more US data for Fed cues

Gold prices rose slightly on Wednesday helped by lower Treasury yields, but were stuck in a tight range as investors...

Published 05 Jun, 2024 10:29am

Mutual Funds

Indian bond yields may dip as market digests a weaker Modi win

MUMBAI: Indian government bond yields are expected to ease marginally in early trading on Wednesday as investors...

Published 05 Jun, 2024 10:27am

Stocks

Asian stocks rise on rate-cut wagers; spotlight on India

SINGAPORE: Asian stocks rose on Wednesday, while the dollar was steady as a softening US labour market firmed up...

Published 05 Jun, 2024 10:26am

Business & Finance

Philippine annual inflation at 3.9% in May

MANILA: Philippine annual inflation was 3.9% in May, versus the previous month’s 3.8% print, the statistics agency...

Published 05 Jun, 2024 10:24am

Commodities

Soybeans firm on Brazilian crop losses, wheat hits 2-week low

SINGAPORE: Chicago soybean futures edged higher on Wednesday, with crop losses due to flooding in top exporter...

Published 05 Jun, 2024 10:22am

Forex

Dollar finds footing as traders turn to US services data

SINGAPORE: The dollar steadied on Wednesday as traders pared back on riskier bets in emerging markets while waiting...

Published 05 Jun, 2024 09:52am

Categorising PBC as strategic SOE: Ministry seeks Cabinet body on SOEs nod

PBC Board also endorses to categorise PBC as a strategic SOE

Updated 05 Jun, 2024 09:39am

AGPR, other offices: FD clarifies funds authorisation strategy

ISLAMABAD: The Finance Division has asked all the offices including the Auditor General of Pakistan Revenue (AGPR)...

Updated 05 Jun, 2024 09:36am

Lack of coordination between depts: FBR’s efforts aimed at broadening tax base hit a snag

KARACHI: The Federal Board of Revenue’s efforts to broaden the tax base have hit a snag due to a lack of...

Updated 05 Jun, 2024 09:35am

PRL, ED Investment may establish a joint group

ISLAMABAD: Pakistan Refinery Limited (PRL) and Saudi Arabia’s ED Investment Group are likely to establish a joint...

Updated 05 Jun, 2024 09:33am

TDRO fails to provide relief to importers, exporters

ISLAMABAD: Commerce Ministry’s Trade Dispute Resolution Organisation (TDRO) is said to have failed to provide any...

Updated 05 Jun, 2024 08:55am

Offices of Senate chairman, NA Speaker: FO ‘recovers’ copies of controversial cypher

ISLAMABAD: The Foreign Office has recovered copies of the controversial cypher back from the offices of the chairman...

Updated 05 Jun, 2024 08:51am

BR’s refresher: your morning briefing for the day

Important updates from June 4, 2024

Published 05 Jun, 2024 08:49am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (June 04, 2024) and the forecast for Wednesday (June 05, 2024)...

Published 05 Jun, 2024 08:19am

Commodities

Dalian iron ore extends losses

BEIJING: Iron ore futures were mixed on Tuesday, with the Dalian benchmark extending losses amid lingering concerns...

Published 05 Jun, 2024 08:19am

Commodities

Copper dips below $10,000 as consolidation continues

LONDON: Copper prices dipped below the key mark of $10,000 a metric ton on Tuesday for the first time in three weeks...

Published 05 Jun, 2024 08:18am

Energy

Oil drops as OPEC+ decision spotlights shaky demand

HOUSTON: Oil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this...

Published 05 Jun, 2024 08:17am

Energy

US natural gas prices ease on forecasts for less demand

NEW YORK: US natural gas futures eased about 1% on Tuesday on forecasts for less demand over the next two weeks than...

Published 05 Jun, 2024 08:16am

Stocks

China, HK stocks climb on stimulus hope

HONG KONG: China stocks rebounded in the noon session on Tuesday as investors looked forward to an upcoming...

Published 05 Jun, 2024 08:14am

Stocks

Tokyo shares close lower

TOKYO: Tokyo shares closed lower on profit-taking Tuesday following falls in the US Dow index. The benchmark Nikkei...

Published 05 Jun, 2024 08:13am

Stocks

Indian shares post worst day in 4 years

BENGALURU: Indian shares plunged across the board on Tuesday, posting their worst session in more than four years, ...

Updated 05 Jun, 2024 08:11am

Stocks

European shares snap three-day winning streak

PARIS: European shares slipped on Tuesday as falling commodity prices weighed on mining and energy stocks, though...

Published 05 Jun, 2024 08:10am

Stocks

Sri Lankan shares end higher

BENGALURU: Sri Lankan shares closed higher on Tuesday, boosted by gains in consumer staple and financial stocks. ...

Published 05 Jun, 2024 08:10am

Stocks

Wall Street slips in choppy trading

NEW YORK: US stock indexes inched lower on Tuesday after labor market data compounded worries about growing weakness...

Published 05 Jun, 2024 08:09am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian currencies drifted in a narrow range on Tuesday, as data from the world’s largest economy...

Published 05 Jun, 2024 08:06am

Money & Banking

Dollar rebounds from multi-month lows

NEW YORK: The US dollar rallied on Tuesday after falling overnight to its lowest against the euro, sterling and ...

Published 05 Jun, 2024 08:02am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (June 04, 2024). ========================== KIBOR...