News Archives for Latest - 2024-06-17

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Archive - 2024-06-17

Stocks

Wall Street retreats with data, Fed comments in focus

Wall Street’s main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal...

Published 17 Jun, 2024 08:37pm

Europe

Prague extradites Indian murder plot suspect to US

PRAGUE: Czech police said Monday that an Indian citizen suspected of involvement in an alleged plot to kill a Sikh...

Updated 17 Jun, 2024 08:14pm

Pakistan

Eid-ul-Adha:PM Shehbaz, President Zardari urge nation to reaffirm commitment to values of sacrifice

Chairman Joint Chiefs of Staff Committee and services chiefs extended warm felicitations to all Pakistanis

Updated 17 Jun, 2024 08:14pm

Middle East

Hajj pilgrimage ends amid deadly Saudi heat spike

MINA: - Saudi Arabia on Monday warned of a temperature spike in Makkah as Muslim pilgrims wrapped up the Hajj in...

Updated 17 Jun, 2024 08:13pm

Middle East

Gaza hostilities continue despite Israeli armed forces announcement, UNRWA chief says

Commissioner general of UNRWA says there had been no pause in the fighting

Updated 17 Jun, 2024 08:11pm

Europe

One dead, eight wounded in blast at Czech military base

PRAGUE: A soldier was killed and eight people were wounded in an explosion on Monday at a Czech military base used...

Published 17 Jun, 2024 08:10pm

Cricket

Bangladesh T20 World Cup batting ‘not acceptable’, says Shanto

ARNOS VALE: Bangladesh captain Najmul Hossain Shanto blasted his team’s batting performance at the T20 World Cup as...

Published 17 Jun, 2024 07:59pm

Europe

Ukraine says Russia wants to advance before F-16s arrive

KYIV: Ukraine said on Monday Russian forces were ramping up their attacks and trying to gain more territory before...

Published 17 Jun, 2024 07:53pm

Energy

Oil edges up as summer demand hopes offset downbeat China data

LONDON: Oil edged higher on Monday as hopes for a boost to demand from the summer driving season in the northern...

Updated 17 Jun, 2024 06:00pm

Money & Banking

UBS sets aside $900mn for investors hit by Credit Suisse scandal

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

Published 17 Jun, 2024 05:16pm

Pakistan

Army chief condemns India’s oppression against Kashmiris

COAS visits LoC to celebrate Eidul Azha with troops

Published 17 Jun, 2024 05:05pm

South Asia

Train crash in eastern India kills 15, injures dozens

KOLKATA: A freight train smashed into the rear of a stationary passenger train in India’s West Bengal state on...

Updated 17 Jun, 2024 05:03pm

Europe

Putin to visit Kim in North Korea this week

MOSCOW: Russian President Vladimir Putin will visit North Korea on Tuesday and Wednesday, the Kremlin said, an...

Published 17 Jun, 2024 04:55pm

Stocks

Copper nears eight-week low on Chinese factory data

LONDON: Copper dipped to its lowest price in almost eight weeks on Monday on weak industrial data from top consumer...

Published 17 Jun, 2024 04:35pm

Cricket

Pakistan’s World Cup failure down to poor batting, Babar says

Pakistan captain Babar Azam said on Sunday the team’s batting let them down at the Twenty20 World Cup and apologised...

Published 17 Jun, 2024 04:32pm

Forex

Sterling eases ahead of BoE rate decision this week

LONDON: The pound eased modestly on Monday, ahead of a policy meeting by the Bank of England this week at which the...

Published 17 Jun, 2024 03:30pm

World

Philippine captain vows to return to sea after Houthi attack

MANILA: The Philippine crew of a vessel attacked by Yemen’s Houthi was repatriated to the Philippines from Bahrain...

Published 17 Jun, 2024 03:25pm

World

Lull in Gaza fighting as Biden urges truce in Eid message

GAZA STRIP: Israel struck Gaza on Monday and witnesses reported blasts in the besieged territory’s south, but...

Published 17 Jun, 2024 03:18pm

Suki Kinari Hydropower Station: First Unit registers success

LAHORE: The first unit (Unit 4) of Pakistan Suki Kinari Hydropower Station, the largest hydropower power station...

Updated 17 Jun, 2024 03:03pm

Income Tax Expenditure (cost of exemption) estimated at Rs476.96bn

ISLAMABAD: The Income Tax Expenditure (cost of exemption) has been estimated at Rs 476.96 billion during 2022-23....

Updated 17 Jun, 2024 03:03pm

US Navy rescues crew from ship struck by Houthis

CAIRO: The US Naval Forces Central Command (NAVCENT) said on Sunday that it had rescued the crew from the...

Updated 17 Jun, 2024 02:54pm

Discos consumers: Govt all set to file motion with Nepra to adjust category-wise SoT

ISLAMABAD: The federal government is all set to file a motion with National Electric Power Regulatory Authority...

Updated 17 Jun, 2024 02:51pm

Health and education services: Sindh Finance Bill 2024 does not immediately impose 15pc SST: SRB

ISLAMABAD: Sindh Revenue Board (SRB) has clarified that the Sindh Finance Bill, 2024 does not immediately impose a...

Updated 17 Jun, 2024 02:47pm

Fertilizer sector availed Rs252.6bn tax exemption in 2022-23

ISLAMABAD: The fertilizer sector has availed huge sales tax exemption of Rs 252.60 billion during 2022-23 mainly due...

Updated 17 Jun, 2024 02:44pm

Foreigners living in Islamabad: New force being formed for protection: govt

ISLAMABAD: Interior Minister Syed Mohsin Naqvi said on Sunday that the government was going to form a new force for...

Updated 17 Jun, 2024 02:43pm

Uch Gas Field: Wapda seeks PD’s support for cut in fuel gas demand

ISLAMABAD: The Water and Power Development Authority (Wapda) has sought Power Division’s support to get approval to...

Updated 17 Jun, 2024 02:43pm

Salaried class: Higher income tax rate of up to 35pc imposed

New income tax slabs for salaried class to be applicable from tax year 2024 effective for salary payable on or after July 1 2024

Updated 17 Jun, 2024 02:33pm

Import of items under FTAs, PTAs during 2022-23: Major decrease in duty exemptions/concessions witnessed

ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed a major decrease in customs duty exemptions/concessions...

Updated 17 Jun, 2024 02:32pm

World

China says G7 statement 'full of arrogance, prejudice and lies'

BEIJING: China hit back on Monday after G7 leaders warned Beijing to stop sending weapons components to Russia,...

Published 17 Jun, 2024 02:27pm

Europe

Austrian chancellor says vote backing EU nature law ‘unlawful’

VIENNA: Austria’s right-wing chancellor, Karl Nehammer, said on Monday it was “unlawful” of his climate minister to...

Published 17 Jun, 2024 02:21pm

World

Netanyahu disbands his inner war cabinet, Israeli official says

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu has dissolved the six-member war cabinet, an Israeli official...

Published 17 Jun, 2024 02:07pm

Stocks

Japan’s Nikkei dips below key 38,000 mark; Toyota drops

TOKYO: Japan’s Nikkei share average dropped below the psychologically key 38,000 level for the first time this month...

Published 17 Jun, 2024 01:52pm

World

NATO in talks to put nuclear weapons on standby, boss tells UK’s Telegraph

LONDON: NATO is in talks to deploy more nuclear weapons, taking them out of storage and placing them on standby, in...

Published 17 Jun, 2024 01:47pm

Commodities

Iron ore slides on disappointing China data, dim near-term demand outlook

BEIJING: Iron ore futures prices slid on Monday after a batch of economic data in top consumer China undershot...

Published 17 Jun, 2024 01:34pm

Stocks

European shares open higher as tech, banks shine

European shares advanced on Monday, with banks recouping some losses clocked last week and as Denmark’s Topdanmark...

Published 17 Jun, 2024 01:30pm

Money & Banking

BOJ to forgo July rate hike, taper $152 bln per year, says ex-policymaker

TOKYO: The Bank of Japan is likely to trim bond buying by around 24 trillion yen ($152 billion) annually in new...

Published 17 Jun, 2024 01:27pm

Forex

Rouble steadies in OTC trade as Russian market adapts to new sanctions

MOSCOW: The rouble steadied against the dollar in over-the-counter (OTC) trading on Monday as the Russian market got...

Published 17 Jun, 2024 01:21pm

Europe

Ukraine warns of more ‘serious’ power cuts in coming weeks

KYIV: A senior Ukrainian energy official has warned that scheduled power outages and emergency blackouts will...

Published 17 Jun, 2024 01:07pm

Europe

Ukraine, bondholder group unable to reach deal in formal $20 bln debt talks

LONDON: Ukraine was unable to reach an agreement with a group of bondholders over restructuring some $20 billion of...

Published 17 Jun, 2024 12:31pm

Commodities

Copper slides as China factory output data disappoints

BEIJING: Copper prices slid on Monday after data showed that top consumer China’s industrial output was weaker than...

Published 17 Jun, 2024 12:12pm

Business & Finance

Goldman Sachs raises S&P 500 year-end target to 5,600

Goldman Sachs has raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, citing...

Published 17 Jun, 2024 11:40am

Stocks

Asian stocks struggle after tepid Wall St lead, euro dips further

HONG KONG: Asian markets mostly fell Monday following last week’s losses, with traders trying to assess the Federal...

Published 17 Jun, 2024 10:59am

Industry

China retail sales up, industrial production slows in May

BEIJING: Chinese retail sales picked up in May but industrial production growth slowed, official data showed Monday,...

Published 17 Jun, 2024 10:14am

South Asia

Sri Lankan economy bounces back as inflation dips

COLOMBO: Sri Lanka on Monday hailed data showing the economy grew far more than expected in the first quarter, as...

Published 17 Jun, 2024 10:08am

Eidul Azha today

LAHORE: Eid ul Adha to commemorate the great sacrifice of Hazrat Ibrahim (AS) and Hazrat Ismael (AS) is being...

Updated 17 Jun, 2024 08:52am

BR’s refresher: your morning briefing for the day

Important updates from June 15 and June 16, 2024

Published 17 Jun, 2024 08:48am

World

At least 19 Hajj pilgrims dead in Saudi Arabia

AMMAN: At least 19 Jordanian and Iranian pilgrims have died while on the Hajj pilgrimage in Saudi Arabia, ...

Updated 17 Jun, 2024 05:50am

Europe

Ukraine summit sees hard road to peace as way forward uncertain

BUERGENSTOCK: Western powers and their allies at a summit in Switzerland denounced Russia’s invasion of Ukraine on...