News Archives for Latest - 2024-06-07

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Archive - 2024-06-07

World

Gaza town says mayor killed in Israeli strike on water station

DEIR EL-BALAH: A spokesman for the Nuseirat municipality in central Gaza said Friday that the town’s mayor, Iyad...

Published 07 Jun, 2024 11:58pm

Movies & Music

Italian opera celebrated in Verona’s ‘magical’ Arena

VERONA, Italy: Verona’s ancient Roman Arena will host a star-studded classical concert Friday to celebrate the...

Published 07 Jun, 2024 11:23pm

Business & Economy

PM Shehbaz, President Xi agree to upgrade CPEC, advance development in second phase

Premier underlines Islamabad's commitment and full support for safety and security of Chinese nationals, projects, and institutions in Pakistan

Published 07 Jun, 2024 10:41pm

Pakistan

Eid-ul-Adha 2024: Zil Hajj moon sighted in Pakistan, first day of Eid on June 17

Eid-ul-Adha in Pakistan will begin on Monday, June 17 this year as the Central Ruet-e-Hilal Committee declared the...

Updated 07 Jun, 2024 10:58pm

Markets

Pakistan should ‘abandon’ CGT once and for all: co-founder of Tundra Fonder

Remarks come over rumoured proposal to increase taxation on Pakistan's capital markets

Updated 07 Jun, 2024 10:57pm

Business & Economy

Talks on new programme continuing virtually with Pakistan, says IMF

The International Monetary Fund (IMF) said talks are “continuing virtually” with authorities in Islamabad towards...

Updated 07 Jun, 2024 10:54pm

Pakistan

Pakistan, China express commitment to protect CPEC from ‘detractors, adversaries’

Prime Minister Shehbaz Sharif holds delegation-level talks with Chinese Premier Li Qiang in Beijing

Updated 07 Jun, 2024 10:50pm

Stocks

KSE-100 recovers from over 2,000-point loss, closes marginally negative

Benchmark index earlier plunged below 72,000-point level with across-the-board selling

Updated 07 Jun, 2024 10:49pm

World

Israel says struck Hamas at UN school, Gaza officials report 3 dead

JERUSALEM: Israel’s military said its forces struck Friday a UN-run school near Gaza City, the second such facility...

Published 07 Jun, 2024 10:35pm

Markets

Pakistan receives record remittances of $3.24bn in May, up over 54% YoY

Inflows from Saudi Arabia, UAE, UK dominate overall amount

Updated 07 Jun, 2024 09:36pm

Pakistan

President Zardari confers Nishan-i-Pakistan award on Prince Rahim Aga Khan

President Asif Ali Zardari on Friday conferred the esteemed Nishan-i-Pakistan award upon Prince Rahim Aga Khan. The...

Published 07 Jun, 2024 08:36pm

Stocks

Wall St slips as bumper payrolls data fans rate-cut worries

Wall Street’s main indexes dropped on Friday after a much stronger-than-expected employment report signaled that the...

Published 07 Jun, 2024 08:18pm

Energy

Oil pares gains after US data deflates expectations of near term rate cut

LONDON: Oil pared gains on Friday as demand concerns intensified after strong U.S. jobs data soured hopes of the...

Updated 07 Jun, 2024 08:10pm

Currency

Rupee marginally gains against US dollar

Currency settles at 278.20 against the greenback in inter-bank market

Updated 07 Jun, 2024 08:09pm

Europe

Putin says there is no need for use of nuclear weapons right now

ST PETERSBURG: Russian President Vladimir Putin said on Friday that he did not see the conditions for the use of...

Published 07 Jun, 2024 08:04pm

Travel

Spain’s Disfrutar named world’s top restaurant by 50 Best

PARIS: Barcelona restaurant Disfrutar was named Thursday as the best in the world by the influential 50 Best list in...

Published 07 Jun, 2024 06:55pm

Pakistan

Pak Navy ship conducts exercises with Japanese, Spanish ships in Indian Ocean

Pakistan Navy Ship ASLAT conducted on Friday passage exercises with the Japan Maritime Self Defence Force (JMSDF)...

Updated 07 Jun, 2024 06:53pm

Europe

Zelenskiy welcomes French promises of Mirage 2000 warplanes to help fight Russia

PARIS: Ukrainian President Volodomyr Zelenskiy said on Friday he hoped to see French-supplied warplanes in Ukrainian...

Published 07 Jun, 2024 06:09pm

Energy

Global LNG: Asia spot prices hold at 6-month high as hot weather drives demand

LONDON: Asian spot liquefied natural gas (LNG) prices were steady this week, holding near a six-month peak on higher...

Published 07 Jun, 2024 05:34pm

Stocks

UAE markets gain on firm oil prices

Stock markets in the United Arab Emirates closed higher on Friday, as oil prices firmed after OPEC+ members Saudi...

Published 07 Jun, 2024 05:25pm

Stocks

Indian benchmarks recover from election slump to end at record levels

BENGALURU: Indian benchmarks closed at record highs on Friday, erasing election-day-related losses, on domestic...

Published 07 Jun, 2024 05:17pm

Stocks

Sri Lanka shares end higher as industrials, communication services gain

CSE All-Share index settled 0.03% higher at 12,314.38

Published 07 Jun, 2024 05:14pm

Commodities

Copper drifts toward 3rd weekly fall, prices break below $10,000/ton

LONDON: Copper prices in London headed for the third weekly fall on Friday and broke below a major level of $10,000...

Published 07 Jun, 2024 05:11pm

Commodities

Palm gains on firm crude but logs weekly decline

SINGAPORE: Malaysian palm oil rose for a second consecutive session on Friday, tracking firm crude oil prices,...

Published 07 Jun, 2024 05:08pm

Middle East

Israeli forces step up bombing of Rafah as tanks try to push west

CAIRO: With no sign of progress in mediators’ efforts to reach a ceasefire in the Gaza war, Israeli forces continued...

Updated 07 Jun, 2024 05:00pm

Sports

USA better than us in all aspects, says Pakistan captain Babar Azam after humiliation

The United States beat Pakistan in a Super Over in Dallas on Thursday to achieve one of the biggest upsets in...

Updated 07 Jun, 2024 03:54pm

Companies

Agri export: NLC truck carrying cherries reaches China

In a significant initiative to boost agricultural exports to regional countries, the National Logistics Corporation...

Published 07 Jun, 2024 03:53pm

Stocks

British stocks open lower ahead of US payrolls data

The FTSE 100 edged lower in early trade on Friday as investors awaited a key US jobs report due later in the day,...

Published 07 Jun, 2024 03:21pm

Europe

Unemployment nears 80% in Gaza, UN agency says

GENEVA: Unemployment in the Gaza Strip has reached nearly 80% since the war with Israel erupted last October, the...

Published 07 Jun, 2024 01:40pm

Commodities

Gold unchanged at Rs243,000 per tola in Pakistan

After increasing in the previous session, gold prices remained unchanged in Pakistan as the yellow metal held steady...

Published 07 Jun, 2024 01:36pm

WHT on cash withdrawals: PM rejects another key revenue step of FBR

ISLAMABAD: Prime Minister Shehbaz Sharif has rejected another key revenue measure of the Federal Board of Revenue...

Updated 07 Jun, 2024 12:54pm

Europe

Ukrainian military downs five missiles and 48 drones launched by Russia

KYIV: Ukrainian air force shot down all five missiles and 48 out of 53 drones over nine regions during Russia’s...

Published 07 Jun, 2024 12:45pm

Business & Finance

India’s central bank holds rates, raises growth outlook

MUMBAI: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday in a widely expected move,...

Published 07 Jun, 2024 12:18pm

Perspectives

What’s up with Pakistan’s stock market?

In the early minutes of trading on Friday, the KSE-100 – widely seen as the benchmark index – suffered a massive...

Published 07 Jun, 2024 12:12pm

Stocks

Saudi Arabia set to raise $11.2bn in Aramco share offer priced at lower end of range

DUBAI: Saudi Arabia is poised to raise more than $11.2 billion from its secondary offering of oil giant Aramco’s...

Published 07 Jun, 2024 12:11pm

Europe

UK PM Rishi Sunak apologises for leaving D-Day commemorations early

LONDON: British Prime Minister Rishi Sunak apologised on Friday for his early departure from D-Day commemorations in...

Published 07 Jun, 2024 12:08pm

Movies & Music

Netflix reveals new details on animated titles with Skydance

LOS ANGELES: Netflix on Thursday shared new details about upcoming animated films ‘Spellbound’ and ‘Pookoo,’ which...

Published 07 Jun, 2024 12:05pm

South Asia

India PM Modi to be sworn in for a third term on June 9

NEW DELHI: Indian Prime Minister Narendra Modi will be sworn in for a third term on the evening of June 9, the...

Published 07 Jun, 2024 12:05pm

Energy

Pakistan power crisis deepened by mountain tourism

SKARDU: In the mountainous valleys of Pakistan, 18-hour daily power cuts have meant local teacher Aniqa Bano uses...

Published 07 Jun, 2024 11:42am

Sports

Palestine create history by reaching third round of World Cup qualifiers

HONG KONG: Palestine created history when they booked a place in the third round of the FIFA World Cup qualifiers...

Published 07 Jun, 2024 11:29am

Stocks

Hong Kong stocks push up at open

HONG KONG: Hong Kong stocks edged higher at the open Friday as investors awaited the release of key US jobs data,...

Published 07 Jun, 2024 11:25am

Industry

Pakistan being looked at ‘for future expansion,’ says top Emaar official in Dubai

DUBAI: Pakistan was highlighted as a potential market for further expansion by an official at the Emaar Group as The...

Updated 07 Jun, 2024 11:12am

Sports

Portugal put faith in Ronaldo in search of Euro glory

PARIS: Roberto Martinez has given Cristiano Ronaldo his full backing since taking over as Portugal coach and he will...

Published 07 Jun, 2024 11:08am

USA

Israel’s Netanyahu to address US Congress on July 24

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu will address lawmakers in the US Congress on July 24,...

Published 07 Jun, 2024 11:05am

Asia

UN chief ‘strongly condemns’ Myanmar military attacks on civilians

UNITED NATIONS: UN chief Antonio Guterres said Thursday he “strongly condemns” recent attacks by Myanmar’s military...

Published 07 Jun, 2024 11:02am

Business & Finance

China exports jump in May but imports slow: customs

BEIJING: China’s exports accelerated far more than expected in May but imports slowed, official figures showed...

Published 07 Jun, 2024 11:00am

Editorials

Policy rate manoeuvrability

EDITORIAL: Domestic pressure is clearly mounting on the Monetary Policy Committee scheduled to meet on June 10 to...

Updated 07 Jun, 2024 10:55am

Sports

USA stun cricket world and curious public with shock win over Pakistan

FORT LAUDERDALE: It was always going to take something big to make Americans pay any attention to cricket and...

Published 07 Jun, 2024 10:37am

Sports

ICC admits New York pitches at T20 World Cup not up to mark

The pitches used in the T20 World Cup matches played in New York have not been up to standard and ground staff are...

Published 07 Jun, 2024 10:42am

Sports

New Zealand’s Williamson hails expanded World Cup after US stunner

New Zealand captain Kane Williamson hailed the T20 World Cup’s expansion to 20 nations after co-hosts United States...

Published 07 Jun, 2024 10:29am

Stocks

Asia shares set for weekly gain on rate-cut rally

SINGAPORE: Asian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started...

Published 07 Jun, 2024 10:25am

Mutual Funds

India bond yields flattish as investors eye RBI guidance for cues

MUMBAI: Indian government bond yields were flattish in the early session on Friday as investors awaited the Reserve...

Published 07 Jun, 2024 10:21am

Forex

Indian rupee little changed, forward premiums slip ahead of central bank policy

MUMBAI: The Indian rupee was little changed on Friday while dollar-rupee forward premiums edged lower ahead of the...

Published 07 Jun, 2024 10:19am

Stocks

Japan’s Nikkei edges down ahead of key US data, central bank meetings

TOKYO: Japan’s Nikkei share average edged lower on Friday, dragged down by technology stocks, as investors sought...

Published 07 Jun, 2024 10:12am

Stocks

Australian shares rise for third session on commodity boost

Australian shares were set for their best week in four as the market rose for a third consecutive session on Friday...

Published 07 Jun, 2024 10:06am

Commodities

China May copper imports jump 15.8% on-year, beat expectations

BEIJING: China’s unwrought copper imports in May rose 15.8% from a year earlier, customs data showed on Friday,...

Published 07 Jun, 2024 10:03am

Govt to release budget on June 12th, later than expected

Decision taken in a consultative meeting of parliamentary leaders and chief whips of various political parties

Updated 07 Jun, 2024 10:02am

Stocks

Indian shares hold gains after central bank retains interest rates

BENGALURU: Indian shares held steady on Friday after the Reserve Bank of India kept interest rates unchanged as...

Published 07 Jun, 2024 10:01am

Forex

Dollar hovers near 8-week low as payrolls test looms

TOKYO: The dollar hovered close to an eight-week low on Friday, ahead of a crucial US jobs report that should...

Published 07 Jun, 2024 09:58am

Jul-Mar period: Provinces’ spending jumps 23pc YoY

ISLAMABAD: The provinces’ development spending under the Public Sector Development Programme (PSDP) during the first...

Updated 07 Jun, 2024 09:43am

‘Wishlist’ being prepared as Qatari emir due

ISLAMABAD: The government has started preparations of a wishlist to be discussed during the forthcoming visit of...

Updated 07 Jun, 2024 09:31am

Completion of recruitment process: ED asks officials to accord due priority to stipulated deadline

ISLAMABAD: The Establishment Division has directed secretaries/additional secretaries of ministries/divisions to...

Updated 07 Jun, 2024 09:31am

Reform steps yielding results: PM

BEIJING: Prime Minister Shehbaz Sharif on Thursday said the reform measures taken by his government had already...

Updated 07 Jun, 2024 09:04am

Alternative energy system: PM highlights huge investment potential

BEIJING: Prime Minister Shehbaz Sharif on Wednesday, reiterating his government’s commitment to strengthen the...

Updated 07 Jun, 2024 09:03am

Import concessions: FBR unveils updated list of 222 locally-made goods

ISLAMABAD: The Federal Board of Revenue (FBR) Thursday issued an updated list of 222 locally-manufactured goods for...

Updated 07 Jun, 2024 08:42am

Pakistan, China sign more MoUs

BEIJING: Pakistan and China on Thursday signed multiple Memorandums of Understanding (MoUs) to enhance bilateral...

Updated 07 Jun, 2024 08:41am

Nepra notifies FCA adjustment of Rs3.33/unit for April

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has notified positive adjustment of Rs3.33 per unit...

Updated 07 Jun, 2024 08:41am

Govt submits details, photos of IK’s life in jail

ISLAMABAD: The federal government disputing the Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan’s statements filed...

Updated 07 Jun, 2024 08:40am

BR’s refresher: your morning briefing for the day

Important updates from June 6, 2024

Published 07 Jun, 2024 08:39am

BR Research

Road to medium term: the math is not adding up

The central bank of Pakistan believes that the medium-term inflation target of 5 – 7 percent shall be achievable by...

Published 07 Jun, 2024 08:12am

BR Research

Oil stutters: Bounce back likely

Having dropped to the lowest since February 2024 – Brent oil is staging a comeback of sorts, and all signs indicate...

Published 07 Jun, 2024 08:09am

BR Research

Siemens (Pakistan) Engineering

Siemens (Pakistan) Engineering (PSX: SIEM) was incorporated in Pakistan as a public limited company in 1953. The...

Published 07 Jun, 2024 08:07am

Opinion

Give SMEs a chance

The turnover tax regime in Pakistan poses significant challenges for small and medium enterprises (SMEs), placing...