News Archives for Latest - 2024-06-14

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Archive - 2024-06-14

Markets

Govt reduces petrol price by Rs10.2, HSD’s by Rs2.33 per litre

New prices come into effect from June 15, 2024

Published 14 Jun, 2024 11:54pm

World

G7 says UNRWA, UN agencies must work unhindered in Gaza

BARI: G7 leaders said Friday the UN Palestinian refugee agency must be allowed to work unhindered in war-torn Gaza,...

Published 14 Jun, 2024 11:25pm

Movies & Music

‘Bridgerton’ showrunner teases ‘extremely juicy’ fourth season

LONDON: Fans of the hit Netflix show ‘Bridgerton’ can expect news of its fourth season “sooner rather than later”,...

Published 14 Jun, 2024 11:22pm

Europe

Putin says almost 700,000 Russian troops fighting in Ukraine

MOSCOW: Russian President Vladimir Putin said on television Friday that almost 700,000 Russians are fighting in...

Published 14 Jun, 2024 11:15pm

Pakistan

FY25: Sindh govt proposes up to 30% increase in salaries as CM Murad presents ‘balanced budget’

Chief minister, who also holds portfolio of finance, unveils Rs3.056 trillion budget for coming fiscal year
One-third of total budget pitched for development expenditure

Updated 14 Jun, 2024 10:58pm

Sports

Pakistan crash out of T20 World Cup 2024 as USA-Ireland game washed out

Pakistan crashed out of the T20 World Cup 2024 after the game between Ireland vs USA was called off due to a...

Published 14 Jun, 2024 10:49pm

Stocks

FTSE 100 logs longest weekly losing run since March 2020, BoE decision on tap

Britain’s FTSE 100 marked its longest weekly losing streak since March 2020 on Friday, as investors grappled with...

Published 14 Jun, 2024 09:41pm

Stocks

French stocks drag European shares lower on political turmoil

European shares dropped in a broad-based selloff on Friday, marking a weekly loss amid political turmoil in France...

Published 14 Jun, 2024 09:36pm

Pakistan

Pakistan’s tax-heavy budget likely to land IMF bailout, but stoke tensions

ISLAMABAD: Pakistan’s plan to raise taxes in its 2024-25 budget and boost state revenues will help it win approval...

Updated 14 Jun, 2024 09:33pm

Pakistan

PM Shehbaz announces Rs10.69 reduction in electricity price for industrial sector

Prime Minister Shehbaz Sharif on Friday announced a massive reduction of Rs10.69 per unit in electricity tariff for...

Published 14 Jun, 2024 08:35pm

Cricket

Waterlogged outfield delays start to USA v Ireland T20 World Cup match

LAUDERHILL: The start of Friday’s T20 World Cup match between the USA and Ireland was delayed as ground staff...

Published 14 Jun, 2024 08:20pm

Stocks

Wall Street slips after rally, markets eye cautious Fed

US stocks slipped on Friday, with the S&P 500 and Nasdaq indexes taking a breather after consecutive sessions of...

Published 14 Jun, 2024 08:16pm

Middle East

Hamas says Israeli airstrike killed two hostages in Rafah

CAIRO: Hamas’ al-Qassam Brigades said on Friday that two Israeli hostages held in Gaza were killed in an Israeli...

Published 14 Jun, 2024 08:08pm

Sports

Olympic torch odyssey reaches the surf of Tahiti

PAPEETE: The Olympic torch touched new ground - and water - by landing in French Polynesia, shining the flame on...

Published 14 Jun, 2024 07:52pm

Business & Economy

Pakistan’s budget to support negotiations with IMF for new programme: Moody’s

Says government spends more than half its revenue on interest payments, indicating very weak debt affordability which drives high debt sustainability risks

Updated 14 Jun, 2024 07:40pm

Exchange

Rupee sees marginal improvement against US dollar

Currency settles at 278.51 against the greenback in inter-bank market

Updated 14 Jun, 2024 07:11pm

Pakistan

LHC CJ says ‘establishment’s interference’ in judiciary to end soon

Lahore High Court (LHC) Chief Justice Malik Shahzad Ahmad said on Friday that “interference of the establishment” in...

Updated 14 Jun, 2024 06:59pm

Stocks

Sri Lankan shares fall as communication services, utilities stocks weigh

BENGALURU: Sri Lankan shares closed lower on Friday, pulled down by communication services and utilities stocks. The...

Published 14 Jun, 2024 06:47pm

Stocks

UAE bourses end mixed ahead of Eid break

Stock markets in the United Arab Emirates closed lower on Friday in thin trade ahead of Eid-Al-Adha holidays. In Abu...

Published 14 Jun, 2024 06:44pm

Stocks

KSE-100 settles at new record high as bulls continue to dominate

Benchmark index settles at 76,706.77 after gain of 499 points

Updated 14 Jun, 2024 06:43pm

Movies & Music

Playful pope jokes with world’s comedians ahead of G7

VATICAN CITY: Pope Francis on Friday clowned around with over 100 top global comedians including Whoopi Goldberg,...

Published 14 Jun, 2024 06:27pm

Europe

Putin says freezing of Russian assets in West is ‘theft’

MOSCOW: Russian President Vladimir Putin on Friday branded as “theft” the freezing of Russian assets abroad and...

Published 14 Jun, 2024 06:19pm

Middle East

Health ministry in Gaza says war death toll at 37,266

JERUSALEM: The health ministry in Gaza said Friday that at least 37,266 people have been killed in the territory...

Published 14 Jun, 2024 06:09pm

Commodities

Global LNG: Asia spot prices gain on hot weather, Australia facility outage

SINGAPORE: Asian spot liquefied natural gas (LNG) prices rose to a six-month top this week, on the back of cooling...

Published 14 Jun, 2024 05:57pm

Business & Finance

Comments on Finance Bill 2024 25

Published 14 Jun, 2024 05:55pm

Europe

Putin says Russia will cease fire if Ukraine pulls troops from four regions

MOSCOW: President Vladimir Putin said on Friday that Russia would cease fire and enter peace talks if Ukraine...

Published 14 Jun, 2024 05:52pm

Arts

The high-tech art lab hidden underneath the Louvre in Paris

PARIS: It looks like the lair of a Bond villain: behind armoured doors, buried underground below the Louvre in...

Published 14 Jun, 2024 05:39pm

Markets

India’s forex reserves hit record high at $655.82 billion

MUMBAI: India’s foreign exchange reserves rose for a second straight week to hit a record high of $655.82 billion as...

Updated 14 Jun, 2024 05:36pm

South Asia

Sri Lanka’s economic recovery strengthens in first quarter

COLOMBO: Sri Lanka’s economy grew 5.3% year-on-year in the first three months of 2024, official data showed on...

Published 14 Jun, 2024 05:34pm

Bullion Rate

Asia gold: India demand tepid, China premiums dip on elevated prices

Gold demand in India remained tepid this week despite a recent correction in prices, as buyers postponed purchases...

Published 14 Jun, 2024 05:30pm

Forex

RDA inflow jumps 31%, clocks in at $224mn in May

Inflow through the Roshan Digital Account (RDA) clocked in at $224 million in May, a significant jump of nearly 31%...

Updated 14 Jun, 2024 05:28pm

Technology

Microsoft to invest $7.16bn in new data centres in northeastern Spain

MADRID: Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s...

Published 14 Jun, 2024 05:27pm

Europe

Ukraine summit attracts world leaders but fails to isolate Russia

ZURICH/KYIV: World leaders will join Ukraine’s President Volodymyr Zelenskiy at a summit this weekend to explore...

Published 14 Jun, 2024 05:24pm

Commodities

Gold price per tola increases Rs800 in Pakistan

Gold prices increased in Pakistan on Friday in line with an uptick in the international rate. In the local market,...

Published 14 Jun, 2024 05:15pm

Luxury

Supercar Blondie: a Dubai Lamborghini has broken the world record for most expensive online car sale

A 2015 Lamborghini Veneno Roadster has apparently set the record for the most expensive online car sold online,...

Published 14 Jun, 2024 05:10pm

Stocks

State-run firms boost Indian shares to record closing highs, second weekly gain

BENGALURU: Indian shares logged record closing highs for a second straight session on Friday, driven by state-run...

Published 14 Jun, 2024 05:07pm

Commodities

Copper drops on dollar and inventories; nickel hits two-month low

LONDON: Copper prices slipped and nickel touched its lowest in more than two months on Friday, pressured by a firm...

Published 14 Jun, 2024 05:04pm

Commodities

Palm trades sideways ahead of holidays; down weekly

SINGAPORE: Malaysian palm oil futures traded sideways on Friday, ahead of a long weekend, as investors mulled over...

Published 14 Jun, 2024 05:02pm

Real Estate

Changing landscape of real estate

The real estate market refers to the buying, selling, and renting of properties, including residential, commercial,...

Published 14 Jun, 2024 04:33pm

Luxury

Ambani bride-to-be Radhika shares details of upcoming wedding events

The wedding will take place in Mumbai in July

Published 14 Jun, 2024 03:45pm

Europe

Vladimir Putin says West needs to find a way to work with Russia

MOSCOW: Russian President Vladimir Putin said on Friday that the West’s current model of global security had...

Published 14 Jun, 2024 03:38pm

Energy

Oil prices set for best week in two months on demand outlook

LONDON: Oil prices were stable on Friday and on course for their best week in more than two months after solid...

Updated 14 Jun, 2024 03:35pm

Europe

Explosion heard in Kyiv region after missile warning

KYIV: An explosion rang out across the region outside the Ukrainian capital on Friday, a Reuters witness said,...

Published 14 Jun, 2024 02:54pm

Travel

Global airlines bet on India travel boom

DUBAI/NEW DELHI: Global airlines are launching new flights and expanding schedules in India, betting the South Asian...

Published 14 Jun, 2024 02:51pm

Business & Finance

Hyundai seeks to dilute up to 17.5% stake in India unit IPO, sources say

MUMBAI/HONG KONG: South Korea’s Hyundai Motor is looking to dilute a stake of up to 17.5% in its India entity’s IPO...

Published 14 Jun, 2024 02:18pm

Forex

Kenyan shilling stable; could ease due to central bank purchases

NAIROBI: The Kenyan shilling was unchanged on Friday and traders said it could lose ground due to central bank...

Published 14 Jun, 2024 02:17pm

Forex

Russia’s rouble mixed as market adjusts to US sanctions

MOSCOW: Russia’s rouble was mixed in different trading markets on Friday, after US sanctions on Moscow Exchange...

Published 14 Jun, 2024 02:16pm

Stocks

FTSE 100 eyes fifth week of losses as rate worries dominate

Britain’s FTSE 100 was on course for its fifth consecutive week of declines on Friday as investors grappled with...

Published 14 Jun, 2024 02:11pm

Stocks

European shares set for weekly losses

European shares inched lower on Friday, following a more than 1% drop in the previous session, with the benchmark...

Published 14 Jun, 2024 02:10pm

Travel

Euro 2024 tourism to bring $1bn to Germany

Germany, the host of Euro 2024, can expect a 1 billion euro ($1.07 billion) boost to its economy thanks to foreign...

Published 14 Jun, 2024 01:46pm

Sports

‘Infinite’ Pedri is Spain’s key against Modric’s Croatia

BERLIN: Spain’s Euro 2024 hopes have been bolstered by Pedri Gonzalez’s return to form and the Barcelona playmaker...

Published 14 Jun, 2024 12:26pm

Europe

G7 summit turns to simmering tensions with China

BARI: G7 leaders turn their attention to China on Friday on the second day of an Italy summit, with a focus on how...

Published 14 Jun, 2024 12:16pm

Middle East

Million-plus begin Hajj under shadow of Israeli aggression in Gaza

MAKKAH: More than a million Muslim pilgrims were in Makkah on Friday for the start of Hajj held against the grim...

Published 14 Jun, 2024 12:06pm

Business & Finance

‘Procedural issues’ delaying Sri Lanka debt deal: IMF

COLOMBO: Sri Lanka’s planned foreign debt restructure after an unprecedented economic crisis has been delayed by...

Published 14 Jun, 2024 11:54am

South Asia

Indian relatives grieve as bodies of 45 Kuwait fire victims return

KOCHI: Grieving families kept a solemn vigil in the terminal of an Indian airport Friday as the bodies of dozens of...

Published 14 Jun, 2024 11:51am

Europe

Russia says downed 87 Ukrainian drones overnight

MOSCOW: Russia said Friday it had downed 87 Ukrainian drones overnight, of which 70 had targeted the southern Rostov...

Published 14 Jun, 2024 11:44am

South Asia

Six dead after floods, landslides in India’s northeast

KOLKATA: Six people were killed after heavy rain triggered flash floods and landslides in a remote corner of India’s...

Published 14 Jun, 2024 11:39am

Commodities

Palm ticks up on weaker ringgit, but heads for weekly loss

SINGAPORE: Malaysian palm oil futures inched higher on Friday helped by a weaker ringgit, but were on track for a...

Published 14 Jun, 2024 11:24am

Bullion Rate

Gold eyes first weekly gain in four on cooling US inflation

Gold prices edged up on Friday and were on course for their first weekly gain in four, as US economic data indicated...

Published 14 Jun, 2024 11:19am

Forex

Australia, NZ dollars hit multi-month highs on euro, bonds bounce

SYDNEY: The Australian and New Zealand dollars dipped on the safe-haven US dollar on Friday, as risk aversion swept...

Published 14 Jun, 2024 11:16am

World

China Premier Li meets New Zealand business leaders amid trade boost

WELLINGTON: Chinese Premier Li Qiang met New Zealand government and business leaders on Friday, on the second day of...

Published 14 Jun, 2024 11:04am

Business & Finance

Bank of Japan to trim bond buying, keeps rates steady

TOKYO: The Bank of Japan decided on Friday to start trimming its huge bond purchases and announce a detailed plan...

Published 14 Jun, 2024 10:51am

Sports

Afghanistan down PNG to reach Super Eight, end NZ hopes

GEORGETOWN: Afghanistan beat Papua New Guinea by seven wickets in Trinidad on Thursday to reach the Super Eight...

Published 14 Jun, 2024 10:44am

Mutual Funds

Japan’s 10-year bond yield falls, futures jump after BOJ’s bond buying decision

TOKYO: Japan’s 10-year bond (JGB) yield sharply dropped and the 10-year JGB futures jumped on Friday after the Bank...

Published 14 Jun, 2024 10:39am

Stocks

China and Hong Kong stocks fall as weaker yuan, geopolitical tensions weigh

SHANGHAI: Mainland China and Hong Kong stocks fell on Friday, dragged lower by shares of liquor makers and other...

Published 14 Jun, 2024 10:36am

Forex

Indonesian rupiah hits 4-year low on resilient dollar

Indonesia’s rupiah fell to a four-year low on Friday, pressured by a strong dollar even as the local central bank...

Published 14 Jun, 2024 10:31am

Mutual Funds

Further decline in US bond yields pushes Indian peers lower

MUMBAI: Indian government bond yields fell in early trading on Friday, as US Treasury yields extended losses on bets...

Published 14 Jun, 2024 10:27am

Forex

Indian rupee squeezed by dollar uptick on Fed outlook, counts on RBI help

MUMBAI: The Indian rupee is expected to broadly struggle on Friday in the wake of an uptick in the dollar amid...

Published 14 Jun, 2024 10:26am

Stocks

Miners, financials drag Australia shares lower

Australian shares marginally fell on Friday, with financials and mining stocks leading losses, while investors...

Published 14 Jun, 2024 10:23am

Stocks

Japan’s Nikkei struggles for direction as traders await BOJ policy verdict

TOKYO: Japan’s Nikkei share average drifted without clear direction on Friday as traders waited for the outcome of a...

Published 14 Jun, 2024 10:22am

Stocks

Indian shares open lower on IT pullback, Ambuja Cements jumps on acquisition

BENGALURU: Indian shares opened lower on Friday, weighed down by information technology stocks, while Adani-backed...

Published 14 Jun, 2024 10:19am

Forex

Yen on guard ahead of BOJ; euro stutters with weekly loss in sight

SINGAPORE: The yen was on the defensive on Friday ahead of a policy decision from the Bank of Japan that could see...

Published 14 Jun, 2024 10:07am

Senate panel informed: Upto Rs6trn tax leakage taking place annually

Finance Minister Muhammad Aurangzeb says massive tax leakage can be effectively checked through enforcement of tax laws

Updated 14 Jun, 2024 09:26am

Engine capacity to invoice base value: Punjab govt shifts token tax regime

LAHORE: In line with the federal government, the Punjab government has also shifted token tax regime from engine...

Updated 14 Jun, 2024 09:21am

Incentives to deserving classes: Ogra, ministry asked to elucidate mechanism

ISLAMABAD: The Senate Standing Committee on Finance has directed the Oil and Gas Regulatory Authority (Ogra) to find...

Updated 14 Jun, 2024 09:21am

Aurangzeb vows to raise tax-to-GDP ratio to 13pc

ISLAMABAD: Finance Minister Muhammad Aurangzeb, Thursday, defended taxation measures taken in the budget for the...

Updated 14 Jun, 2024 09:14am

Punjab to get Rs3.683trn from Federal Divisible Pool

LAHORE: The Punjab government has estimated to receive an amount of Rs 3683,103.227 million from Federal Divisible...

Updated 14 Jun, 2024 09:14am

Study of transmission line SCS: NPCC may send engineers as Chinese team not coming

ISLAMABAD: The National Power Control System (NPCC) is likely to despatch its two engineers to China to study...

Updated 14 Jun, 2024 09:13am

Punjab’s debt stock may stand at Rs1.685trn at June-end

LAHORE: At the end of June 2024, debt stock of the Punjab government may stand at Rs. 1,685 billion, out of which...

Updated 14 Jun, 2024 09:00am

Wind projects’ tariff issues stay unresolved: Islamabad should not expect any investment from DFC: US team

ISLAMABAD: United States Treasury Department delegation led by Assistant Secretary Brent Neiman on Thursday...

Updated 14 Jun, 2024 09:00am

Country’s first and one of world’s largest: 550MW floating solar energy project launched

KARACHI: Pakistan’s first and one of the world’s largest 550MW floating solar energy project has been launched in...

Updated 14 Jun, 2024 09:00am

July to Sept 2024: NPCC reduces RLNG demand for power generation

ISLAMABAD: The country’s power system operator, the National Power Control Centre (NPCC) has reduced the Gasified...

Updated 14 Jun, 2024 08:57am

BR’s refresher: your morning briefing for the day

Important updates from June 13, 2024

Published 14 Jun, 2024 08:56am

Rs9bn approved for clearing OMCs’ PDCs: ECC allows export of 0.15 MMTs of surplus sugar

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 0.15 million MTs of...

Updated 14 Jun, 2024 08:20am

BR Research

Localization of solar PV

The Federal Budget 2024-25 was much of a non-event for the power sector highlighted by the same repetitive...

Published 14 Jun, 2024 08:07am

Opinion

Leadership crisis in the Muslim world

It is a massacre. It is a genocide. It is butchery. It is children. It is the new born. It is the unborn. Never has...

Updated 14 Jun, 2024 08:01am

BR Research

Bunny’s Limited

Bunny’s Limited (PSX: BNL) was incorporated in Pakistan as a private limited company in 1980 and was later converted...

Published 14 Jun, 2024 08:01am

Opinion

A stagflationary federal budget

Stagflation is a situation when economic growth is stagnating, and inflation is also increasing. Growth requires...

Updated 14 Jun, 2024 07:57am

Opinion

Budget: an analysis

Flanked by the Deputy Prime Minister, Muhammad Ishaq Dar, once hailed as the PM-N’s (Pakistan Muslim...

Updated 14 Jun, 2024 07:56am

Editorials

India-Pakistan ties – need for engagement

EDITORIAL: If one was hoping for a potential thaw in relations between India and Pakistan following the BJP’s...

Updated 14 Jun, 2024 07:54am

Pakistan

Court to hear pleas of IK, Bushra today

ISLAMABAD: A local court on Thursday adjourned the hearing of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and...

Published 14 Jun, 2024 07:46am

Pakistan

DCs told to ensure best cleanliness on Eid

LAHORE: Chief Secretary Punjab Zahid Akhtar Zaman has directed all the Deputy Commissioners to ensure the best...

Published 14 Jun, 2024 07:44am

Energy

Eid-ul-Azha holidays: FESCO sets up emergency centres

FAISALABAD: On the special directives of the Ministry of Energy (Power Division), Chief Executive Officer (CEO)...

Published 14 Jun, 2024 07:42am

Pakistan

Formation of 40 standing bodies approved

ISLAMABAD: Following the presentation of the budget for the fiscal year 2024-25, a circular for the formation of 40...

Published 14 Jun, 2024 07:41am

Pakistan

‘Federal budget will bring no change in common man life’

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor while commenting on the federal budget said honestly...

Published 14 Jun, 2024 07:36am

Pakistan

Suspension of sentence in Iddat case: IHC directs sessions’ court to decide IK, Bushra’s plea

ISLAMABAD: The Islamabad High Court (IHC) directed the sessions’ court to decide the petition of Pakistan...

Updated 14 Jun, 2024 07:34am

Pakistan

IK, others acquitted in vandalism case

ISLAMABAD: A local court on Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and ...

Published 14 Jun, 2024 07:32am

Pakistan

Introduction of digital advertising discussed

ISLAMABAD: Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa chaired a meeting on Thursday to...

Published 14 Jun, 2024 07:30am

Pakistan

Launch of Phase II of the Maritime Security Project – funded by the U.S. Government

KARACHI: The Government of Pakistan and the United Nations Office on Drugs and Crime (UNODC) launched ‘Improved...

Published 14 Jun, 2024 07:29am

Pakistan

Probe into threats, harassment to judge launched

LAHORE: Inspector General of Police (IGP) Punjab on Thursday told the Lahore High Court that an investigation had...

Published 14 Jun, 2024 07:24am

Pakistan

Interference of spy agencies: PTI asks CJP to convene judicial convention

ISLAMABAD: In order to protect the independence of the judiciary, Pakistan Tehreek-e-Insaf (PTI) on Thursday ...

Published 14 Jun, 2024 07:20am

Pakistan

HRCP issues 2023 report: Sindh’s law and order crisis, other violations pervasive

KARACHI: The Human Rights Commission of Pakistan’s (HRCP) annual report on the state of human rights in 2023...

Published 14 Jun, 2024 07:19am

Pakistan

LHC asked police to alleged abduction report of PTI activist

LAHORE: The Lahore High Court on Thursday asked the home department and police to submit their reports about the...

Published 14 Jun, 2024 07:16am

Pakistan

SSGC removes 2,500 illegal gas connections, three held

KARACHI: SSGC’s relentless pursuit of gas theft miscreants has continued in the Company’s franchise provinces of...

Published 14 Jun, 2024 07:14am

Pakistan

SU, CUVAS ink MoU to enhance research in various fields

HYDERABAD: The University of Sindh (SU) Jamshoro and the Cholistan University of Veterinary and Animal Sciences...

Published 14 Jun, 2024 07:14am

Pakistan

Speakers call to avert 2022 like devastating climate change disaster

ISLAMABAD: Speakers at a seminar, while calling to avert the 2022 like devastating climate change disaster which not...

Updated 14 Jun, 2024 07:13am

Pakistan

The Weather

KARACHI: The weather report on Thursday (June 13, 2024) and the forecast for Friday (June 14, 2024)...