News Archives for Latest - 2024-08-06

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Archive - 2024-08-06

Middle East

Israeli forces kill at least 12 Palestinians in West Bank clashes, medics say

KAFR QUD: Israeli forces backed by drone strikes killed at least 12 people in the occupied West Bank, medics said on...

Updated 06 Aug, 2024 11:42pm

Energy

TotalEnergies sells 50% stake in Total PARCO Pakistan to Gunvor Group

French energy giant TotalEnergies has signed an agreement to sell its 50% stake in Total PARCO Pakistan Limited...

Updated 06 Aug, 2024 11:40pm

Currency

Rupee registers marginal decline against US dollar

Currency settles at 278.69 in inter-bank market

Updated 06 Aug, 2024 11:39pm

Sports

Paris Olympics: Arshad Nadeem advances to medal round of javelin throw

Athlete is Pakistan's last hope of an Olympic medal, will compete in final round on Thursday

Updated 06 Aug, 2024 11:38pm

World

Hamas names Gaza chief Yahya Sinwar as new political leader

Hamas named Gaza Strip chief Yahya Sinwar as its new political leader on Tuesday, after his predecessor Ismail...

Updated 06 Aug, 2024 11:36pm

Cotton & Textile

Pakistan’s Artistic Milliners announces acquisition of VF Factory in Mexico

KARACHI: Pakistan’s textile giant Artistic Milliners announced on Tuesday that it has acquired VF’s Dickies de...

Updated 06 Aug, 2024 11:31pm

Business & Economy

Aurangzeb highlights trust deficit with international donors as Pakistan awaits flood aid

Finance Minister Senator Muhammad Aurangzeb admitted that there was a serious trust deficit among international...

Updated 06 Aug, 2024 11:22pm

World

Israel says dozens of Palestinian fighters killed in Gaza over past 24 hours

CAIRO: Israeli forces killed 45 Palestinian fighters in Gaza over the past day, the military said on Tuesday, after...

Published 06 Aug, 2024 11:19pm

Pakistan

PTI’s Raoof Hasan released from jail after bail in terror case

Pakistan Tehreek-e-Insaf (PTI) spokesperson Raoof Hasan was released from Adiala Jail on Tuesday after an...

Published 06 Aug, 2024 11:14pm

USA

Kamala Harris picks Minnesota’s Tim Walz for vice president

WASHINGTON: Democratic presidential candidate Kamala Harris selected Minnesota Governor Tim Walz to be her running...

Updated 06 Aug, 2024 10:58pm

Europe

Russia says used aviation, artillery to repel Ukrainian border attack

MOSCOW: Russia said Tuesday it deployed air and artillery firepower to quash an armed Ukrainian border incursion...

Published 06 Aug, 2024 10:54pm

World

Hezbollah pledges retaliation against Israel ‘whatever the consequences’

BEIRUT: Hassan Nasrallah said his Hezbollah group and Iran were “obliged to respond” to Israel as the Middle East...

Published 06 Aug, 2024 10:42pm

Pakistan

FO issues travel advisory for Pakistani nationals in Lebanon

Foreign Office says those staying in Lebanon are advised to exercise extreme caution

Published 06 Aug, 2024 10:27pm

Business & Economy

Aurangzeb says Pakistan has secured debt rollover commitments from China, Saudi Arabia and UAE

Development gives boost to economy that awaits Executive Board approval from the IMF ahead of $7-billion bailout

Updated 06 Aug, 2024 10:25pm

Stocks

KSE-100 posts modest gain on recovery in global markets

After losing more than 1,100 points in the previous session, the KSE-100 rebounded on Tuesday as it closed the day...

Updated 06 Aug, 2024 09:55pm

Middle East

Nasrallah says Hezbollah, Iran ‘obliged to respond’ to Israel after Haniyeh, Shukr killings

BEIRUT: Hezbollah’s chief said Tuesday his group and Iran were “obliged to respond” to Israel “whatever the...

Published 06 Aug, 2024 09:39pm

Pakistan

After NA, Senate passes bill prohibiting independent candidates from joining parties

PML-N senator Talal Chaudhry presents bill in upper house amid strong opposition from PTI senators who now expects Supreme Court to nullify amendments

Updated 06 Aug, 2024 09:19pm

South Asia

Nobel winner Yunus says ready to head Bangladesh ‘interim government’

PARIS: Nobel winner Muhammad Yunus said on Tuesday he was ready to head an interim government in Bangladesh after...

Published 06 Aug, 2024 08:23pm

Energy

Oil dips as demand concerns outweigh Middle East supply fears

LONDON: Oil prices dipped lower in volatile trade on Tuesday, as a weak demand outlook after a global sell-off in...

Updated 06 Aug, 2024 07:25pm

South Asia

Muhammad Yunus: Bangladesh’s ‘banker to the poor’ being tipped for interim PM

DHAKA: Nobel-winning microfinance pioneer Muhammad Yunus has been asked by Bangladeshi protest leaders to helm an...

Published 06 Aug, 2024 07:24pm

Stocks

Wall St regains some ground after big stocks rout

Wall Street’s main indexes rose in volatile trading on Tuesday, as investors looked for bargains after a rout in the...

Published 06 Aug, 2024 07:23pm

Movies & Music

Pakistan actor Fawad Khan releases song in collaboration with US production house

Pakistani actor and singer Fawad Khan has collaborated with Seattle-based production company MTG to release a new...

Published 06 Aug, 2024 06:38pm

Life & Style

Paris restaurant apologises to Serena Williams, says was fully booked

PARIS: A luxury Parisian hotel has apologised to tennis great Serena Williams after she complained, in a social...

Updated 06 Aug, 2024 06:40pm

Arts

Olympic venue among 40 museums hit by ransomware attack: French police source

PARIS: The Grand Palais, which is hosting Olympic events in Paris, and around 40 other museums in France were...

Published 06 Aug, 2024 05:41pm

Energy

Pakistan’s oil & gas companies announce significant hydrocarbon find in Khyber Pakhtunkhwa

Pakistan’s Exploration and Production (E&P) companies, Pakistan Oilfields Ltd (POL), Oil & Gas Development...

Updated 06 Aug, 2024 05:33pm

Commodities

Chicago grains ease on good crop conditions and steadier dollar

PARIS/SINGAPORE: Chicago corn, wheat and soybean futures fell on Tuesday as weekly US crop data underscored good...

Published 06 Aug, 2024 05:30pm

Perspectives

Over 240mn people, 7 athletes: Pakistan’s struggle at the Olympics

Pakistan has struggled to make an impact at the Olympic Games, epecially since the downfall of the national hockey...

Published 06 Aug, 2024 05:25pm

Forex

Dollar rebounds broadly, yen weakens for first day this month

LONDON: The Japanese yen steadied on Tuesday, and the dollar climbed against most currencies, as some of the more...

Published 06 Aug, 2024 05:20pm

South Asia

Who is Nahid Islam, student leader of campaign to oust PM Sheikh Hasina?

DHAKA: Often seen in public with a Bangladeshi flag tied across his forehead, Nahid Islam is a soft-spoken sociology...

Updated 06 Aug, 2024 05:02pm

Energy

PPL boosts hydrocarbon production at Sui Gas Field with compressor revamp

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has registered a marked increase in gas...

Updated 06 Aug, 2024 04:32pm

Europe

6,000 police at the ready to quell UK riots: govt

LONDON: The UK government said on Tuesday that 6,000 specialist police officers were ready to deal with far-right...

Published 06 Aug, 2024 04:29pm

Movies & Music

Fawad Khan, Sanam Saeed’s ‘Barzakh’ to be pulled from YouTube Pakistan over public backlash

Audiences criticise 'LGBTQ' themes within show

Published 06 Aug, 2024 04:03pm

South Asia

India ‘deeply concerned’ at Bangladesh crisis: foreign minister

NEW DELHI: India’s foreign minister told parliament on Tuesday he was “deeply concerned till law and order is...

Published 06 Aug, 2024 03:25pm

Pakistan

Asad Umar rushed to hospital after health condition deteriorates

Former Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar was shifted on Tuesday to a hospital after his health...

Published 06 Aug, 2024 03:22pm

Arts

Street artist Banksy reveals new artwork featuring goat in London

Elusive British street artist Banksy has taken credit for a new artwork of a black goat that popped up in Southwest...

Published 06 Aug, 2024 02:48pm

South Asia

Bangladesh Parliament dissolved, president’s office says

DHAKA: Bangladesh’s parliament was dissolved on Tuesday, the president’s office said in a statement, a day after...

Updated 06 Aug, 2024 02:38pm

Stocks

Most Gulf markets rebound as Fed calms investor nerves

Most stock markets in the Gulf rebounded on Tuesday as comments from the Federal Reserve officials soothed investor...

Published 06 Aug, 2024 02:19pm

South Asia

Bangladesh students ramp up pressure to dissolve parliament

DHAKA: Bangladesh’s protesting student leaders demanded on Tuesday that parliament be dissolved and warned of a...

Published 06 Aug, 2024 02:17pm

Commodities

Gold price per tola decreases Rs500 in Pakistan

Gold prices in Pakistan continued to decline on Tuesday, reflecting a decrease in international rates. In the local...

Published 06 Aug, 2024 01:55pm

Luxury

LVMH’s Dior lagged on anti-slavery and sustainability certification

PARIS: LVMH’s second-largest fashion brand Dior was until last month behind on disclosures required by UK law about...

Published 06 Aug, 2024 01:50pm

Stocks

South Korean shares rebound as US recession fears ease

KOSPI closed up 80.60 points, or 3.30%, at 2,522.15

Updated 06 Aug, 2024 01:46pm

Stocks

Japanese shares rally hard after biggest sell-off since 1987 Black Monday crash

TOKYO: Japanese stocks rebounded sharply on Tuesday from the previous session’s searing sell-off and double-digit...

Updated 06 Aug, 2024 01:41pm

Govt to retire expensive power plants

ISLAMABAD: The federal government has decided to retire expensive power plants to reduce electricity prices in the...

Updated 06 Aug, 2024 01:28pm

China’s BYD partners with Mega Motor to launch ‘NEV’

KARACHI: Chinese automotive giant BYD is poised to make its official entry into the Pakistani market, with a grand...

Updated 06 Aug, 2024 01:28pm

Stocks

Australian shares end higher; RBA holds rates and rules out near-term cuts

Australian shares recovered on Tuesday after a brutal sell-off in riskier assets in the previous session, after the...

Updated 06 Aug, 2024 01:28pm

Stocks

European shares bounce from brutal sell-off

European shares rebounded on Tuesday after hitting six-month lows in the previous session, resonating a recovery...

Published 06 Aug, 2024 01:13pm

Stocks

London’s FTSE 100 rebounds from lows amid broader gains

London stocks rebounded on Tuesday, tracking gains across broader markets, a day after recession fears in the United...

Published 06 Aug, 2024 01:11pm

Commodities

Japan rubber futures tick up on supply woes, global economic concerns cap gains

SINGAPORE: Japanese rubber futures edged up on Tuesday, buoyed by supply disruptions in top producer Thailand,...

Published 06 Aug, 2024 01:08pm

South Asia

IMF says it is ‘fully committed’ to Bangladesh after protests oust PM

LONDON: The International Monetary Fund said it was “fully committed to Bangladesh and its people” after protests...

Published 06 Aug, 2024 01:05pm

Forex

Rouble strengthens as Russia’s net daily forex sales rise

MOSCOW: The Russian rouble rose against the dollar and yuan on Tuesday as net daily sales of the Chinese currency by...

Published 06 Aug, 2024 01:02pm

Europe

Russian missile attack on Ukraine’s Kharkiv damages medical clinic, mayor says

KYIV: A Russian missile attack on the city of Kharkiv in northeastern Ukraine damaged a medical clinic on Tuesday,...

Published 06 Aug, 2024 12:59pm

South Asia

Bangladesh garment factories to stay shut on Tuesday, says manufacturers’ body

DHAKA: Garment factories in Bangladesh will remain closed on Tuesday, an official of the Bangladesh Garment...

Published 06 Aug, 2024 12:55pm

Middle East

Hamas leader’s killing aims to prolong Gaza war, Abbas tells RIA before Moscow visit

The killing of Hamas leader Ismail Haniyeh was intended to prolong the Gaza conflict, Palestinian President Mahmoud...

Updated 06 Aug, 2024 12:48pm

Europe

Ukraine says it downs four missiles, 15 Russia-launched drones

KYIV: Ukraine’s air defence shot down two Iskander-M or KN-23 ballistic missiles, two cruise Kh-59 cruise missiles...

Published 06 Aug, 2024 12:34pm

Commodities

Palm oil extends losses on weaker rival Dalian, Chicago contracts

KUALA LUMPUR: Malaysian palm oil futures extended losses on Tuesday after the contract closed at six-month lows in...

Published 06 Aug, 2024 12:07pm

Stocks

Taiwan stocks rebound after plunge, TSMC ends up 8%

TAIPEI: Taiwan stocks closed higher on Tuesday from a record plunge on Monday, with contract chipmaker TSMC up 8%,...

Published 06 Aug, 2024 12:00pm

South Asia

Western powers urge Bangladesh calm, democratic transition

WASHINGTON: Western powers called Monday for calm in Bangladesh after long-ruling leader Sheikh Hasina fled, with...

Published 06 Aug, 2024 11:51am

South Asia

Bangladesh Nobel winner Yunus should lead caretaker government: student protest leader

DHAKA: Bangladesh student protesters said Tuesday they would push for Nobel laureate Muhammad Yunus to lead an...

Published 06 Aug, 2024 11:39am

South Asia

Families wait as some political prisoners freed in Bangladesh

DHAKA: Families of political prisoners secretly jailed in Bangladesh under the autocratic rule of ousted premier...

Published 06 Aug, 2024 11:33am

Companies

Saudi Aramco Q2 profit dips 3% as output stays low

RIYADH: Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop...

Published 06 Aug, 2024 11:25am

Commodities

Iron ore drifts lower as falling near-term demand, high stocks weigh

BEIJING: Iron ore futures prices drifted lower on Tuesday, as wider losses induced production cuts among steelmakers...

Published 06 Aug, 2024 10:51am

Commodities

Soybeans fall over 1% on improved US crop conditions; corn, wheat down

SINGAPORE: Chicago soybeans slid for the first time in three sessions on Tuesday, with pressure from expectations of...

Published 06 Aug, 2024 10:48am

Commodities

Most base metals fall as US recession jitters dampen sentiment

Prices of most industrial metals dropped on Tuesday, weighed down by bleak demand outlook following U.S. data that...

Published 06 Aug, 2024 10:45am

Forex

China’s yuan eases from 7-month peak, economic data in focus

SHANGHAI: China’s yuan eased on Tuesday from a seven-month high against the dollar it booked a day earlier, as some...

Published 06 Aug, 2024 10:43am

Bullion Rate

Gold nudges higher on mounting US rate cut bets

Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger...

Published 06 Aug, 2024 10:39am

Financial

Indian bond yields inch higher on profit booking, US peers’ rebound

MUMBAI: Indian government bond yields moved higher on Tuesday as investors booked profits after the recent decline...

Published 06 Aug, 2024 10:25am

Stocks

Asian equities regain some ground from Monday’s carnage; ringgit slips

Equities in Asian emerging markets regained some footing on Tuesday after a brutal global sell-off a day earlier,...

Published 06 Aug, 2024 10:21am

Stocks

Indian shares rise tracking rebound in Asian markets

BENGALURU: Indian shares rose on Tuesday, following a relief rally in broader Asian markets as U.S. central bank...

Published 06 Aug, 2024 10:12am

USA

Kamala Harris vice president choice narrows to Walz, Shapiro, sources say

WASHINGTON: Democratic presidential candidate Kamala Harris has narrowed her search for a vice presidential running...

Published 06 Aug, 2024 10:09am

Stocks

China stocks struggle to rebound after global markets slump

SHANGHAI: China stocks struggled to rise on Tuesday despite the rebound in regional markets as investors remained...

Published 06 Aug, 2024 09:55am

Forex

Squeeze on carry trades leaves currency markets on edge

SINGAPORE: The U.S. dollar was nursing steep losses on Tuesday, with the yen on the back foot after a sharp rise in...

Published 06 Aug, 2024 09:46am

Arbitration: MoF to align SOEs law with global law

Finance Ministry says concerned agencies including ministries/Divisions and the SOEs under their administrative control have been facing issues in interpreting and implementing the law

Updated 06 Aug, 2024 09:31am

SC urged to order govt stop making payments to IPPs

ISLAMABAD: The Supreme Court has been urged to direct the secretaries of ministries of energy, water and power and...

Updated 06 Aug, 2024 09:30am

CCoSOEs approves NSPC-PSPC re-merger

ISLAMABAD: The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has approved the re-merger of National...

Updated 06 Aug, 2024 09:29am

Imported goods specified in Third Schedule: FBR empowered to fix value of supply

ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to fix the value of supply in case of imported...

Updated 06 Aug, 2024 09:07am

May 9 riots: No change in army’s stance: DG ISPR

ISLAMABAD: Inter-Services Public Relations (ISPR) Director General (DG) Lieutenant General Ahmed Sharif Chaudhry on...

Updated 06 Aug, 2024 08:51am

13 dead, 18 injured in KPK rain-related incidents: NDMA

ISLAMABAD: The ongoing floods triggered by monsoon rains have brought massive death and destruction in KPK as in the...

Updated 06 Aug, 2024 08:50am

Energy

PM forms task force on energy issues

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a Task Force to suggest a way forward to the current energy...

Updated 06 Aug, 2024 08:49am

PM for granting due rights to people of Kashmir, Palestine

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday emphasized that granting due rights to the people of Kashmir and...

Updated 06 Aug, 2024 08:49am

BR’s refresher: your morning briefing for the day

Important updates from August 5, 2024

Published 06 Aug, 2024 08:45am

Pakistan

NTU observes Youm-e-Istehsal-e-Kashmir

FAISALABAD: National Textile University Faisalabad (NTU) observed Youm-e-Istehsal-e-Kashmir on August 5, 2024...

Updated 06 Aug, 2024 08:18am

Pakistan

Reconstruction ceremony of Gaddafi Stadium: PM for modernising cricket stadiums

LAHORE: Prime Minister Shehbaz Sharif has said that there is a real need to modernize cricket stadiums. While...

Updated 06 Aug, 2024 08:17am

Senate panel doubts govt assertion of decreased spending

ISLAMABAD: A parliamentary panel has expressed skepticism over the federal government’s claim of cutting down its...

Updated 06 Aug, 2024 08:07am

Pakistan

Aseefa visits family of late Nazir Dhoki

ISLAMABAD: The First Lady of Pakistan and Member of the National Assembly, Aseefa Bhutto-Zardari, visited the family...

Published 06 Aug, 2024 07:44am

Pakistan

ATC adjourns pleas of IK

LAHORE: An Anti-Terrorism Court on Monday adjourned the petitions of PTI former chairman Imran Khan seeking...

Updated 06 Aug, 2024 07:41am

Energy

Extension in bill payments

KARACHI: Due date for KE bills due in July and August have been extended by 10 days as applied in other distribution...

Updated 06 Aug, 2024 07:41am

Pakistan

Finance minister meets PARCO team

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with a delegation led...

Published 06 Aug, 2024 07:39am

Pakistan

French climber says he took his time in speed record K2 summit

SKARDU: French mountaineer Benjamin Vedrines counted every second as he made history's fastest-ever ascent of K2, ...

Published 06 Aug, 2024 07:36am

Pakistan

German cyclist given assistance

LAHORE: Secretary Home Punjab Noor Ul Amin Mengal met the German tourist Florian Berg in his office and gave...

Published 06 Aug, 2024 07:34am

Pakistan

India must revoke all illegal steps taken in IIOJK, moot asks

ISLAMABAD: Speakers at a seminar on Monday reiterated Pakistan’s commitment to support Kashmiris’ right to...

Published 06 Aug, 2024 07:30am

Pakistan

India’s revocation of special status of IIOJK infringement of world law: Bilawal

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto said on Monday that the step taken by India on Aug ...

Published 06 Aug, 2024 07:28am

Pakistan

JI asks govt to cut expenses of bureaucracy

KARACHI: Central Chief of Jamaat-e-Islami, Hafiz Naeemur Rehman on Monday demanded of the government to embrace on...

Published 06 Aug, 2024 07:26am

Pakistan

Status of engagement with P3A: Kearney team updates Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the delegations...

Updated 06 Aug, 2024 07:23am

Pakistan

LDA seals over two dozen properties

LAHORE: In an operation against illegal construction and commercial fee defaulters, the Lahore Development Authority...

Published 06 Aug, 2024 07:21am

Pakistan

IK’s plea: LHC DB issues notices to NAB, FIA and others

LAHORE: A division bench of the Lahore High Court on Monday issued notices to the National Accountability Bureau...

Published 06 Aug, 2024 07:20am

Pakistan

LHC dispose of a plea

LAHORE: The Lahore High Court on Monday disposed of a petition filed for recovery of the alleged abducted two...

Published 06 Aug, 2024 07:19am

Pakistan

Minister lauds eco-green-Latif initiative

HYDERABAD: Sindh Minister for Universities and Boards Muhammad Ali Malkani has said that Eco-Green-Latif initiative...

Updated 06 Aug, 2024 07:17am

Pakistan

Nawaz not resigned from PML-N presidency: PML-N

LAHORE: The PML-N leader Marriyum Aurangzeb has termed as fake the notification circulating on social media claiming...

Updated 06 Aug, 2024 07:15am

Opinion

PARTLY FACETIOUS: The uniform for the chief fireman is still not ready

“You have to understand it’s all about the Law of Necessity.” “You being facetious!” “Good heavens no! It’s all...

Published 06 Aug, 2024 06:40am

Opinion

The challenge of IPPs–II

Excess/unutilized generation capacity

Published 06 Aug, 2024 06:40am

Opinion

No more Saturdays?

In an absurd move, the Federal Directorate of Education has decided to shake things up, out of no apparent reason, ...

Published 06 Aug, 2024 06:40am

BR Research

E-Invoicing: FBR’s digital leap for Pakistan

The Federal Board of Revenue (FBR) in Pakistan has taken a significant step towards digitizing the economy by...

Published 06 Aug, 2024 06:52am

Opinion

Bangladesh coup

The more than one month long agitation in Bangladesh against the quota policy has finally ended in a military coup....

Published 06 Aug, 2024 06:40am

BR Research

Oil prices: Bears take over

In what have been a chaotic few days on the geopolitical front, international crude oil investors are not having any...

Published 06 Aug, 2024 06:48am

Opinion

Medium-term budget strategy

The Federal Ministry of Finance has released the Medium-Term Budget Strategy Statement for the period, 2024-25 to...

Published 06 Aug, 2024 06:40am

Editorials

Power sector: unanswered questions

EDITORIAL: The power sector problems have compounded over time due to unplanned and expensive growth in power...

Published 06 Aug, 2024 06:40am

BR Research

FrieslandCampina Engro Pakistan Limited

FrieslandCampina Engro Pakistan Limited (PSX: FCEPL) is a subsidiary of FrieslandCampina Pakistan Holding B.V...

Published 06 Aug, 2024 06:44am

Pakistan

The Weather

KARACHI: The weather report on Monday (August 05, 2024) and the forecast for Tuesday (August 06, 2024)...

Published 06 Aug, 2024 06:40am

Technology

Quantum Cloud and AI Tech announces strategic alliance with Huawei Cloud

ISLAMABAD: Quantum Cloud and AI Technologies on Monday announced a strategic alliance with Huawei Cloud Pakistan,...

Published 06 Aug, 2024 06:40am

Pakistan

Fake video of Azma Bokhari: LHC seeks reply from Punjab govt

LAHORE: The Lahore High Court (LHC) on Monday sought replies from Punjab government and others till August 29 on a...

Published 06 Aug, 2024 06:40am

Pakistan

Underground water table: Senate body assails PCRWR for presenting flawed data

ISLAMABAD: Senate Standing Committee on Monday expressed annoyance at Pakistan Council of Research in Water ...

Published 06 Aug, 2024 06:40am

Pakistan

Police allege Dr Siddique’s murder ‘engineered by son’

LAHORE: The murder of the founding member of Pakistan Tehreek-e-Insaf (PTI), Dr Shahid Siddique, which shook the...

Published 06 Aug, 2024 06:40am

Pakistan

Ali Haider Gillani elected Chairman PAC-II

LAHORE: In a significant development, People’s Party Parliamentary Leader in Punjab Assembly, Ali Haider Gillani,...

Published 06 Aug, 2024 06:40am

Pakistan

12 traders arrested for overcharging

LAHORE: To control overpricing in the provincial capital, the Lahore district administration arrested 12 traders on...

Published 06 Aug, 2024 06:40am

Sports

PCB takes major step to bridge the gap between domestic, global cricket

LAHORE: To bridge the gap between domestic and international cricket, provide a tougher, more competitive and...

Published 06 Aug, 2024 06:40am

Pakistan

Crimes against women: Pakpattan police register 81 cases against individuals

LAHORE: In a determined move to enhance the safety and security of women, the Pakpattan Police have registered 81...

Published 06 Aug, 2024 06:40am

Pakistan

Minister advocates FIA cyber crime wing’s shutdown

LAHORE: Criticising the Cyber Crime Wing of FIA for not knowing their responsibilities and failing to remove her ...

Published 06 Aug, 2024 06:40am

Pakistan

May 9 cases against Bushra: IHC summons police officer to seek details

ISLAMABAD: The Islamabad High Court (IHC), Monday, summoned Rawalpindi DIG Operations to inquire about the status of...

Published 06 Aug, 2024 06:40am

Pakistan

Dar to attend OIC extraordinary moot

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar will represent Pakistan in the extraordinary meeting...

Published 06 Aug, 2024 06:40am

Pakistan

Aurangzeb meets MD of Jacobs, Cordova & Associates

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with the Managing...

Published 06 Aug, 2024 06:40am

Pakistan

Envoy of the Netherlands meets Dar

ISLAMABAD: Ambassador of the Kingdom of Netherlands Henny De Vries called on Deputy Prime Minister and Foreign...

Published 06 Aug, 2024 06:40am

Pakistan

Senate condemns Haniyeh’s assassination in Iran

ISLAMABAD: The upper house of the parliament has expressed profoundest grief and sorrow on the martyrdom of Hamas...

Published 06 Aug, 2024 06:40am

Technology

Data localisation can affect economy, says AIC

ISLAMABAD: The Asia Internet Coalition (AIC) comprising global digital media giants raised several questions on...

Published 06 Aug, 2024 06:40am

Pakistan

Delegation presents NA resolution on Palestine to UN official

ISLAMABAD: National Assembly Deputy Speaker Syed Ghulam Mustafa Shah led a delegation of Parliamentary leaders to ...

Published 06 Aug, 2024 06:40am

Pakistan

NA session adjourned to mourn demise of MNA

ISLAMABAD: The National Assembly session was adjourned on Monday without taking up any item on the agenda to mourn...

Published 06 Aug, 2024 06:40am

Technology

TMB wins ICAP digital tech award

KARACHI: Telenor Microfinance Bank (TMB) has been awarded the prestigious ICAP Digital Technology Awards in the...

Published 06 Aug, 2024 06:40am

Technology

PTA to revise radio frequency spectrum, licence fee for RBS

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has decided to revise radio frequency spectrum and licence...

Published 06 Aug, 2024 06:40am

World

Erdogan slams ‘digital fascism’ after Turkey blocks Instagram

ISTANBUL: President Tayyip Erdogan fiercely criticised social media companies on Monday, saying they sought to...

Published 06 Aug, 2024 06:40am

Middle East

Israel returns 80 Palestinian bodies to Gaza, keeps up military pressure

CAIRO/GAZA: Israel returned the bodies of more than 80 Palestinians killed in its military offensive in the Gaza...

Published 06 Aug, 2024 06:40am

Pakistan

High-risk Karachi UCs: Needle-free injectors to be used for polio vaccination

KARACHI: In a concerted effort to combat the poliovirus, which has been detected in environmental samples throughout...

Published 06 Aug, 2024 06:40am

Pakistan

Panels set up to undertake KDLB reforms

KARACHI: The first meeting of newly-constituted Board of Karachi Dock Labor Board (KDLB) held on August 4, 2024 at...

Published 06 Aug, 2024 06:40am

Pakistan

PFA discards 800kg meat of dead animals

LAHORE: The Punjab Food Authority’s meat safety task force raided an illegal slaughterhouse in the provincial...

Published 06 Aug, 2024 06:40am

Pakistan

Punjab Governor meets President

ISLAMABAD: Punjab Governor Sardar Saleem Haider Khan, on Monday, called on President Asif Ali Zardari. During the...

Published 06 Aug, 2024 06:40am

Pakistan

‘Steps taken to bring educational sector at par with global standards’

ISLAMABAD: “The government of Pakistan is committed to revolutionising the education sector for which steps are...

Published 06 Aug, 2024 06:40am

Pakistan

Two wanted members of car snatcher gang arrested

ISLAMABAD: The capital police have claimed to have arrested two wanted members of a car snatcher gang involved in...

Published 06 Aug, 2024 06:40am

Pakistan

‘Youm-e-Istehsal’ observed in Hyderabad

HYDERABAD: To highlight atrocities of Indian government on innocent Kashmiris of Occupied Jammu and Kashmir an...

Published 06 Aug, 2024 06:40am

Middle East

Flurry of diplomacy to ease Mideast tensions

OCCUPIED JERUSALEM: Diplomatic pressure mounted Monday to avoid an escalation between Iran and Israel following...

Published 06 Aug, 2024 06:40am

Rates

PSX plunges on global selloff

KARACHI: Pakistan Stock Exchange on Monday followed global downtrend and equity selloff amid fear over US recession...

Published 06 Aug, 2024 06:40am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (August 05, 2024). ==================================== BR...

Published 06 Aug, 2024 06:40am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Monday (August 05, 2024). ======================================= Offset...

Published 06 Aug, 2024 06:40am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 05, 2024)...

Published 06 Aug, 2024 06:40am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 05, 2024)....

Published 06 Aug, 2024 06:40am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (August 05, 2024)....

Published 06 Aug, 2024 06:40am

Forex

Dollar's rate in interbank market

RECORDER REPORT KARACHI: Interbank closing rates for dollar on Monday (August 05, 2024). ========================...

Published 06 Aug, 2024 06:40am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 06 Aug, 2024 06:40am

Rates

LME official prices

LONDON: The following were Friday official prices. ========================================= ALUMINIUM...

Published 06 Aug, 2024 06:40am

Cotton & Textile

Spot rate gains Rs200 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday increased the spot rate by Rs 200...

Published 06 Aug, 2024 06:40am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (August 05, 2024)...

Published 06 Aug, 2024 06:40am

Commodities

Gold’s run to record high may crimp demand

LAUNCESTON, (Australia): Gold has been the standout commodity performer so far this year, gaining 18.5% and posting ...

Published 06 Aug, 2024 06:40am

Energy

Oil falls, Brent settles at 7-month low

HOUSTON: Oil prices fell on Friday, with Brent settling at its lowest since January, after data showed the US ...

Published 06 Aug, 2024 06:40am

Commodities

Japanese rubber futures erase gains

SINGAPORE: Japanese rubber futures erased earlier gains on Monday, as concerns over recovery in the US and China, ...

Published 06 Aug, 2024 06:40am

Commodities

Soybeans, corn firm as softer dollar prompts short-covering

SINGAPORE: Chicago corn and soybeans inched higher on Monday, with weakness in the US dollar prompting ...

Published 06 Aug, 2024 06:40am

Commodities

PMEX daily trading report

KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR47.502 billion...

Published 06 Aug, 2024 06:40am

Energy

US natgas lower

NEW YORK: US natural gas futures fell more than 1% to a one-week low on Monday on forecasts for lower demand over ...

Published 06 Aug, 2024 06:40am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 296,545 tonnes of cargo comprising 174,188 tonnes of import cargo and ...

Published 06 Aug, 2024 06:40am

Commodities

Malaysian palm oil futures down

KUALA LUMPUR: Malaysian palm oil futures fell more than 3% on Monday to their lowest closing price in six months, as...

Published 06 Aug, 2024 06:40am

Commodities

Global growth angst pushes copper to 4-1/2-month low

LONDON: Copper prices tumbled to 4-1/2 month lows on Monday as a deteriorating demand outlook in China and the ...

Published 06 Aug, 2024 06:40am

Commodities

Iron ore hits 2-week high

SINGAPORE: Iron ore futures prices hit a two-week high on Monday, buoyed by an improved Chinese economic outlook...

Published 06 Aug, 2024 06:40am

Stocks

Middle Eastern stocks slump on US recession fears

DUBAI: Stock markets in the Middle East ended lower on Monday, with the Dubai index falling most, on fears that the...

Published 06 Aug, 2024 06:40am

Stocks

China stocks track global peers lower on US recession fears

SHANGHAI: China stocks closed lower on Monday, tracking global markets, as fears of a US recession sent investors...

Published 06 Aug, 2024 06:40am

Stocks

STOXX 600 hits six-month low in global rout on US recession fears

PARIS: The main European stocks index hit its lowest in over six months on Monday as fears of a slowdown in the...

Published 06 Aug, 2024 06:40am

Stocks

Wall Street plunges as US recession fears hurt risk appetite

NEW YORK: Wall Street’s main indexes slumped on Monday as risk appetite among investors dropped on fears of a US...

Published 06 Aug, 2024 06:40am

Stocks

Schwab, Fidelity, other online brokerages face disruption on frenetic trading day

BENGALURU: Online services at brokerages Charles Schwab and Fidelity Investments faced an outage on Monday,...

Published 06 Aug, 2024 06:40am

Business & Finance

Mixture of CO2 and LPG: Ogra halts illegal businesses

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA), in collaboration with the Government of Sindh, the District...

Published 06 Aug, 2024 06:40am

Letters

India likely to throw Hasina under the bus

Bangladesh crisis seems to have acutely deepened. This South Asian country that came into existence from the womb of...

Published 06 Aug, 2024 06:40am

Commodities

Gold prices slip

KARACHI: The local gold prices on Monday fell slightly, mirroring a decline in the global bullion value, traders...

Published 06 Aug, 2024 06:40am

Money & Banking

Asian currencies: Ringgit up 2.3pc, highest since April 2023

BENGALURU: Asian equities plunged to multi-year lows on Monday as investors rushed out of risky assets and into...

Published 06 Aug, 2024 06:40am

Money & Banking

Dollar down as US rate cut bets rise

NEW YORK: The US dollar sank to a near 7-month low against a basket of peers on Monday, and sold off sharply against...

Published 06 Aug, 2024 06:40am

Money & Banking

Indian rupee ends at record low

MUMBAI: The Indian rupee closed at its weakest level on record on Monday pressured by likely outflows from local...

Published 06 Aug, 2024 06:40am

Business & Finance

Registered persons: Commissioner IR authorised to conduct GST audit

ISLAMABAD: The Commissioner, Inland Revenue has been authorized to conduct sales tax audit of any registered person....

Published 06 Aug, 2024 06:40am

Business & Finance

Country faces significant insurance protection challenges: SECP

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has warned that Pakistan is facing significant...

Published 06 Aug, 2024 06:40am

Business & Finance

Appellate Tribunal directs FBR to create conducive environment

LAHORE: An appellate tribunal has directed the Federal Bureau of Revenue (FBR) to guide officers towards its mission...

Published 06 Aug, 2024 06:40am

Editorials

A tale of two deals

EDITORIAL: The almost 23 years since the 9/11 attacks have seen the US embark on an often fanatical quest to bring...

Published 06 Aug, 2024 06:40am

Companies

PQAMC wins ‘Employer of the Year Award’

KARACHI: Pak-Qatar Asset Management Company Limited (PQAMC) has been awarded the Employer of the Year Award by...

Published 06 Aug, 2024 06:40am

Business & Finance

Traders urge govt to withdraw fixed tax

PESHAWAR: Traders here on Monday rejected imposition of fixed tax on traders and warned to protest, if the ...

Published 06 Aug, 2024 06:40am

Industry

2,864 new cos registered in July

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,864 new companies in July 2024 ...

Published 06 Aug, 2024 06:40am

Business & Finance

Stocks sink with bond yield and dollar on recession fears

NEW YORK/LONDON: Global equities suffered heavy losses on Monday as Wall Street joined a global stock rout that...

Published 06 Aug, 2024 06:40am

World

US personnel injured in rocket attack on Iraq base

BAGHDAD: A rocket attack on a base in Iraq wounded multiple US personnel on Monday, officials said, adding to...

Updated 06 Aug, 2024 03:46am

Pakistan

KE extends bill payment dates by 10 days for July, August

K-Electric (KE) on Monday extended the deadline for payment of electricity bills by 10 days as applied in other...

Published 06 Aug, 2024 12:00am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 10	277.90
USD PKR Interbank Buying / Aug 10	277.70
USD to Japanese Yen / Aug 11	159.21
USD to Swiss Franc / Aug 11	0.81
Pound Sterling to USD / Aug 11	1.35
Euro to USD / Aug 11	1.15
SOFR % / Aug 10	3.65

Stock	Volume
S&P 500 / Aug 10	7,753.11
Tokyo Nikkei / Aug 10	66,970.22
Nasdaq / Aug 10	26,605.36
Dow Jones / Aug 10	53,975.98
India Sensex / Aug 11	78,093.59
Hang Seng / Aug 11	25,795.77
FTSE 100 / Aug 11	10,848.47
Germany DAX 30 / Aug 11	26,332.36
France CAC40 / Aug 11	8,724.51

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 10	18,580
Gold 10 Grams PKR / Aug 10	392,091
Petrol/Litre / Aug 11	327.62
Crude Oil USD/Barrel / Aug 11	82.27
Gold Spot USD/Ounce / Aug 11	4,368.90
Diesel/Litre / Aug 11	380.86
Cotton US¢/pound / Aug 11	83.47

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Aug 11 Siddiqsons Tin Plate Limited(STPL)	9.71 ▲ 0.95 (10.84%)
Azgard Nine (Non-Voti) / Aug 11 Azgard Nine (Non-Voti)(ANLNV)	8.80 ▲ 0.82 (10.28%)
Aruj Industries / Aug 11 Aruj Industries Limited(ARUJ)	12.95 ▲ 1.18 (10.03%)
Tri-Star Power / Aug 11 Tri-Star Power Limited(TSPL)	18.34 ▲ 1.67 (10.02%)
Ashfaq Textile / Aug 11 Ashfaq Textile Mills Limited(ASHT)	40.76 ▲ 3.71 (10.01%)
Ruby Textile / Aug 11 Ruby Textile Mills Limited(RUBY)	23.19 ▲ 2.11 (10.01%)
Asim Textile / Aug 11 Asim Textile Mills Limited(ASTM)	74.79 ▲ 6.8 (10%)
Buxly Paints / Aug 11 Buxly Paints Limited(BUXL)	277.72 ▲ 25.25 (10%)
IGI Life Ins / Aug 11 IGI Life Insurance Limited(IGIL)	21.89 ▲ 1.99 (10%)
Tata Textile / Aug 11 Tata Textile Mills Limited(TATM)	172.39 ▲ 15.67 (10%)

Stock	Price
Dawood Equities / Aug 11 Dawood Equities Limited(DEL)	23.64 ▼ -2.59 (-9.87%)
Fateh Ind. / Aug 11 Fateh Industries Limited(FIL)	286.78 ▼ -31.21 (-9.81%)
TPL Insurance / Aug 11 TPL Insurance Limited(TPLI)	62.84 ▼ -6.34 (-9.16%)
Jubilee Spinning / Aug 11 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	54.39 ▼ -4.42 (-7.52%)
East West Ins. / Aug 11 East West Insurance Company Limited(EWIC)	62.23 ▼ -4.99 (-7.42%)
Engro Powergen / Aug 11 Engro Powergen Qadirpur Limited(EPQL)	24.99 ▼ -1.7 (-6.37%)
F.Credit & Inv / Aug 11 First Credit and Investment Bank Limited(FCIBL)	32.11 ▼ -2.12 (-6.19%)
Kohinoor Mills / Aug 11 Kohinoor Mills Limited(KML)	10.68 ▼ -0.64 (-5.65%)
Trust Mod. / Aug 11 Trust Modaraba(TRSM)	18.94 ▼ -1.02 (-5.11%)
Bawany Air Products / Aug 11 Bawany Air Products Limited(BAPL)	30.43 ▼ -1.6 (-5%)

Stock	Volume
Cnergyico PK / Aug 11 Cnergyico PK Limited(CNERGY)	133,907,407 ▼ -0.29
K-Electric Ltd. / Aug 11 K-Electric Limited(KEL)	61,848,727 ▲ 0
Hascol Petrol / Aug 11 Hascol Petroleum Limited(HASCOL)	45,032,184 ▲ 1.06
Unity Foods Ltd / Aug 11 Unity Foods Limited(UNITY)	40,090,062 ▲ 0.01
Pak Refinery / Aug 11 Pakistan Refinery Limited(PRL)	31,666,040 ▲ 0.91
WorldCall Telecom / Aug 11 Worldcall Telecom Limited(WTL)	28,282,358 ▲ 0
Beco Steel Ltd / Aug 11 Beco Steel Limited(BECO)	24,832,349 ▲ 0.27
Siddiqsons Tin / Aug 11 Siddiqsons Tin Plate Limited(STPL)	24,355,243 ▲ 0.95
B.O.Punjab / Aug 11 The Bank of Punjab(BOP)	22,518,009 ▼ -1.17
Pervez Ahmed Consultancy / Aug 11 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,091,236 ▲ 0.19