News Archives for Latest - 2024-08-12

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Archive - 2024-08-12

World

Iran could make ‘significant’ attack on Israel this week: White House

WASHINGTON: Iran could launch a “significant” attack on Israel as soon as this week, the White House said Monday, as...

Published 12 Aug, 2024 11:32pm

World

US lifts restrictions on Saudi weapons, with eye on resolving Gaza

WASHINGTON: The United States confirmed Monday it would resume sales of offensive weapons to Saudi Arabia, as...

Published 12 Aug, 2024 11:27pm

Markets

Car sales down 36% MoM in July over budgetary measures

Car sales in Pakistan saw a significant month-on-month (MoM) drop in July 2024, plummeting by 36% to 8,589 units,...

Updated 12 Aug, 2024 11:06pm

Europe

Ukraine says it controls 1,000 square km of Russia’s Kursk region

Ukraine’s top commander said on Monday Kyiv controlled around 1,000 square kilometers of Russia’s Kursk region, his...

Published 12 Aug, 2024 10:47pm

World

US says it expects Gaza peace talks to continue, ceasefire possible

WASHINGTON: The U.S. expects Gaza peace talks to move forward as planned, the State Department said on Monday,...

Published 12 Aug, 2024 10:36pm

Energy

OGDCL commences tight gas production from Sindh

Nur West Well-1currently produces 1.5 million standard cubic feet per day (MMSCFD) of gas

Updated 12 Aug, 2024 10:32pm

Europe

Zelenskiy says: Russia must be forced to make peace if Putin wants to fight

KYIV: Ukrainian President Volodymyr Zelenskiy said on Monday that Russia had to be forced to make peace as President...

Published 12 Aug, 2024 10:28pm

Pakistan

Top City case: Ex-ISI chief Faiz Hameed taken into military custody, says ISPR

Process of Field General Court Martial has been initiated: military's media wing

Updated 12 Aug, 2024 10:20pm

Companies

Millat Tractors warns of shutdown amid GST dispute and plummeting sales

Millat Tractors Limited (MTL), Pakistan’s largest tractor manufacturer, has signaled that it may have to shut down...

Updated 12 Aug, 2024 10:15pm

Markets

National Saving Schemes: CDNS reduces profit rates on some of its products

The Central Directorate of National Savings (CDNS) has reduced profit rates on several of its National Savings...

Updated 12 Aug, 2024 10:14pm

Pakistan

Mountaineer Murad Sadpara passes away

Mountaineer Murad Sadpara, who met with an accident on Gilgit-Baltistan’s Broad Peak a day ago, passed away on...

Updated 12 Aug, 2024 10:05pm

Pakistan

Recounting in NA constituencies: SC overturns LHC verdict

Comes after Azhar Qayum Nahra of PML-N challenged LHC's decision to suspend his victory notification from NA-81

Updated 12 Aug, 2024 10:04pm

Energy

Oil rises for fifth straight session on Mideast tensions and US data

Brent crude futures up $1.32, or 1.6%, at $80.98 a barrel by 1531 GMT

Updated 12 Aug, 2024 10:01pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 278.64 against greenback in inter-bank market

Updated 12 Aug, 2024 08:43pm

Middle East

39,897 Palestinians killed in Israel’s aggression in Gaza since Oct.7

DUBAI: At least 39,897 Palestinians were killed and 92,152 injured in Israel’s military aggression in Gaza since...

Published 12 Aug, 2024 07:37pm

Stocks

Wall St edges lower in lead up to data deluge

Wall Street’s main indexes were marginally lower on Monday as investors refrained from making large bets ahead of a...

Published 12 Aug, 2024 07:40pm

Stocks

KSE-100 sheds 589 points amid wider market selling pressure

The Pakistan Stock Exchange (PSX) experienced widespread selling pressure on Monday, resulting in a significant...

Updated 12 Aug, 2024 07:29pm

Pakistan

NLC showcases its success at Food & Agricultural Exhibition

NLC has developed a robust cold chain supply system to all countries of Central Asia and other countries of the...

Published 12 Aug, 2024 07:13pm

Stocks

Sri Lanka shares inch up as consumer discretionary stocks gain

BENGALURU: Sri Lankan shares closed higher on Monday, aided by gains in consumer discretionary stocks. The CSE All...

Published 12 Aug, 2024 06:36pm

Stocks

Most Gulf markets gain ahead of US data

Most stock markets in the Gulf closed higher on Monday, in line with global shares, as investors looked ahead to...

Published 12 Aug, 2024 06:33pm

Pakistan

Climate finance, innovation, and action: Acumen’s ACAP day sets the stage

Acumen Pakistan held its flagship ‘Acumen Climate Action for Pakistan (ACAP) Day’ recently at the Islamabad Serena...

Published 12 Aug, 2024 06:10pm

Sports

England’s Stokes in injury scare before Sri Lanka series

LONDON: England Test captain Ben Stokes was carried off the field Sunday while playing for Hundred outfit Northern...

Published 12 Aug, 2024 06:07pm

Commodities

Copper rallies ahead of Chinese and US data

LONDON: Copper rose alongside equities on Monday as traders bought back short positions on the expectation of...

Published 12 Aug, 2024 06:05pm

Middle East

Hamas demands Biden truce plan implemented as Gazans flee Israeli advance

GAZA STRIP: Hamas on Sunday urged Gaza mediators to implement a truce plan presented by US President Joe Biden...

Published 12 Aug, 2024 06:04pm

Europe

Russian army concedes Ukraine advances in Kursk offensive

KYIV: Russia on Sunday acknowledged Ukrainian troops had pierced deep into the Kursk border region in an offensive...

Published 12 Aug, 2024 05:43pm

Sports

PCB announces ticket prices for Bangladesh Tests

The tickets for the two-match Test series between Pakistan and Bangladesh will go on sale online from August 13 at 5...

Published 12 Aug, 2024 05:04pm

Commodities

Share of Russian aluminium in LME warehouses rose to 65% in July

LONDON: The share of available aluminium stocks of Russian origin in warehouses approved by the London Metal...

Published 12 Aug, 2024 05:02pm

Energy

OPEC cuts 2024 oil demand growth forecast, citing China

LONDON: OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for...

Published 12 Aug, 2024 04:55pm

Middle East

Israel keeps up strikes in Gaza as fears of wider war grow

CAIRO: Israeli forces pressed on with their operations near the southern Gaza city of Khan Younis on Monday amid an...

Published 12 Aug, 2024 04:50pm

Movies & Music

Musician and producer Haniya Aslam passes away

Singer first shot to fame as part of popular band Zeb and Haniya

Updated 12 Aug, 2024 04:41pm

Arts

Van Gogh’s Starry Night recreated as park in Bosnian hills

VISOKO, Bosnia and Herzegovina, Aug 12 (Reuters) - Amid the green hills and meadows of central Bosnia, a local...

Published 12 Aug, 2024 04:38pm

Markets

Adani Group shares lose up to $13.4bn after Hindenburg accusations against regulator

BENGALURU: Adani Group companies lost as much as $13.4 billion in market value on Monday but recovered much of the...

Updated 12 Aug, 2024 04:37pm

Movies & Music

Paris Games end as Tom Cruise accepts Olympic mission for LA

PARIS: Movie star Tom Cruise rappelled from the roof of France’s national stadium and received the Olympic flag,...

Updated 12 Aug, 2024 04:34pm

Stocks

Indian shares trim losses as banks offset Hindenburg report

BENGALURU: Indian shares recovered most early losses to close marginally lower on Monday, as gains in bank stocks...

Published 12 Aug, 2024 04:32pm

Commodities

Palm oil close lower on weak August export, stronger ringgit

BEIJING/SINGAPORE: Malaysian palm oil futures ended lower on Monday, ending a two-session rise as softening exports...

Published 12 Aug, 2024 04:29pm

South Asia

Sikh activists in US, Canada face threats a year after Trudeau linked leader’s killing to India

WASHINGTON/TORONTO: As a physician specializing in addiction, Dr. Jasmeet Bains, the first Sikh American elected to...

Published 12 Aug, 2024 03:58pm

Europe

Billions in dollar and euro notes reach Russia despite sanctions

LONDON: Around $2.3 billion in dollar and euro bills have been shipped to Russia since the United States and EU...

Published 12 Aug, 2024 03:47pm

Forex

Sterling pauses as traders await key UK economic data

LONDON: Sterling firmed slightly on Monday after four straight weeks of declines versus the dollar, as traders...

Published 12 Aug, 2024 03:15pm

Forex

Ugandan shilling firms slightly on weaker demand

KAMPALA: The Ugandan shilling firmed slightly on Monday amid a slump in appetite for hard currency from across...

Published 12 Aug, 2024 03:12pm

Europe

Russia evacuates 11,000 people from Belgorod border district, TASS says

MOSCOW: Eleven thousand people have been evacuated from Krasnaya Yaruga district in Russia’s Belgorod region, state...

Published 12 Aug, 2024 03:11pm

South Asia

Bangladesh power use grows as searing heat eclipses economic disruption

SINGAPORE: Bangladesh’s electricity demand grew 7% over three weeks of deadly nationwide protests that disrupted...

Published 12 Aug, 2024 03:08pm

Kohala HPP: FC date will be extended

ISLAMABAD: The government is all set to extend Financial Close (FC) date of 1124-MW Kohala Hydropower Project under...

Updated 12 Aug, 2024 03:05pm

FoodAges secures $1.2bn deals

KARACHI: The 2nd International Food and Agriculture Exhibition “FoodAg-2024”, organised by Trade Development...

Updated 12 Aug, 2024 03:04pm

Govt to alter gas supply priority order

Captive industry to be treated at par with CNG sector

Updated 12 Aug, 2024 03:04pm

Forex

Kenyan shilling slightly stronger versus dollar

NAIROBI: Kenya’s shilling firmed slightly against the US dollar on Monday, LSEG data showed. Kenyan shilling firms...

Published 12 Aug, 2024 03:02pm

Stocks

Major Gulf markets mixed in early trade

Major stock markets in the Gulf were mixed in early trade on Monday ahead of major US and Chinese economic data,...

Published 12 Aug, 2024 01:39pm

Forex

South African rand firms at start of data-packed week

JOHANNESBURG: The South African rand was stronger in early trade on Monday at the start of a week filled with...

Published 12 Aug, 2024 01:37pm

Stocks

FTSE 100 rises amid broad gains; BT Group outperforms

London stocks inched higher on Monday amid broad gains, after rounding off a turbulent week with declines, while...

Published 12 Aug, 2024 01:33pm

Commodities

China raise 2023/24 soy import forecast in August

BEIJING: China’s agriculture ministry raised its forecast for soybean imports in the 2023/24 crop year to 98.37...

Published 12 Aug, 2024 01:30pm

Stocks

China stocks range-bound as slowdown concerns weigh on sentiment

SHANGHAI: China stocks traded in a narrow range on Monday, even as regional markets advanced, as concerns...

Published 12 Aug, 2024 01:19pm

Forex

China’s yuan weakens ahead of US inflation reading, domestic data

SHANGHAI: China’s yuan weakened against the US dollar on Monday, in tandem with a softer Japanese yen, but is...

Published 12 Aug, 2024 01:16pm

Stocks

European shares rise as investors brace for data-packed week

European shares opened trade on a positive note on Monday, as investors prepared for a deluge of key economic data...

Published 12 Aug, 2024 01:13pm

Europe

Turkiye priority is fulfilling NATO responsibilities, defence minister says

ANKARA: Turkiye wants to improve its ties with the Shanghai Cooperation Organisation (SCO), but its priority is...

Published 12 Aug, 2024 01:11pm

Commodities

Gold unchanged at Rs256,500 per tola in Pakistan

Gold prices in Pakistan remained stable on Monday, even as international rates saw an increase. In the local market,...

Published 12 Aug, 2024 01:09pm

Sports

NZ coach Gary Stead to manage pacers’ workloads against Afghanistan, Sri Lanka

Tim Southee will captain New Zealand’s 15-man squad for their trip to face Afghanistan and Sri Lanka next month but...

Published 12 Aug, 2024 01:07pm

Mutual Funds

Euro zone bonds steady as traders await this week’s US inflation report

Euro zone government bond yields edged higher on Monday after a volatile week of trading on worries around the US...

Published 12 Aug, 2024 01:06pm

Sports

France’s ‘beautiful dream’ fades as Games give way to political crisis

PARIS: The Paris Olympics delivered a dazzling summertime success that charmed the world and reaffirmed French...

Published 12 Aug, 2024 01:01pm

Europe

World youth unemployment rate lowest for 15 years, but picture not same across regions: UN

GENEVA: Global youth unemployment is at its lowest level for 15 years, the United Nations said Monday, though not...

Published 12 Aug, 2024 11:54am

Sports

Alick Athanaze heroics guide West Indies to South Africa draw

PORT OF SPAIN: Alick Athanaze missed out on a maiden Test century but played the key role in ensuring the safety of...

Published 12 Aug, 2024 11:47am

A Pakistan-origin CEO has made giant strides through e-commerce in Dubai

Published 12 Aug, 2024 11:46am

Sports

Argentina goalkeeper Rulli joins Marseille

MARSEILLE: Argentina’s 2022 World Cup winning goalkeeper Geronimo Rulli has joined Marseille, the French club...

Published 12 Aug, 2024 11:28am

Sports

Sebastian Korda, Popyrin knock out seeds to reach Montreal semi-finals

MONTREAL: Sebastian Korda and Alexei Popyrin slogged through long, energy-sapping quarter-finals on Sunday to set up...

Published 12 Aug, 2024 11:25am

Europe

‘No impact reported’ from Ukraine nuclear plant fire: UN agency

VIENNA: The UN nuclear agency said Sunday that a fire at the Zaporizhzhia atomic power plant in southern Ukraine did...

Published 12 Aug, 2024 11:21am

Sports

Amanda Anisimova defeats Navarro to reach WTA Toronto final

TORONTO: Amanda Anisimova advanced to her first WTA final since January 2022 by defeating eighth-seeded Emma Navarro...

Published 12 Aug, 2024 11:17am

Adhering to the constitution only path forward for Pakistan: Khaqan

KARACHI: Former prime minister Shahid Khaqan Abbasi, who along with former finance chief Miftah Ismail has recently...

Updated 12 Aug, 2024 11:01am

Sports

Romanian gymnast Barbosu to be awarded Chiles’ Olympic floor bronze: IOC

PARIS: Romanian gymnast Ana Barbosu will be awarded the Olympic floor exercise bronze medal originally given to...

Published 12 Aug, 2024 10:56am

Commodities

Iron ore slides as soft China demand heightens supply pressure

BEIJING: Iron ore futures slid on Monday, dragged down by heightened supply pressure, while traders gauged soft...

Published 12 Aug, 2024 10:40am

Energy

Indonesia eases local content requirement for solar power plants to 20%, official says

JAKARTA: Indonesia eased the minimum local content requirement for solar power plants to 20% from around 40%...

Published 12 Aug, 2024 10:38am

USA

US publicly announces submarine move to Middle East amid Israel-Iran tensions

WASHINGTON: US Defence Secretary Lloyd Austin has ordered the deployment of a guided missile submarine to the Middle...

Published 12 Aug, 2024 10:34am

Increasing Pakistan’s exports: ‘allow increase in forex retention’

KARACHI: Former Chairman of the Pakistan Pharmaceutical Manufacturers’ Association (PPMA) Tauqeer Ul Haq said...

Updated 12 Aug, 2024 10:32am

Europe

Russia says it downs 11 Ukraine-launched drones over border Kursk region

Russia’s air defences destroyed 11 drones that Ukraine launched overnight targeting the border Kursk region,...

Published 12 Aug, 2024 10:27am

Business & Finance

Australia’s central bank underlines uncertainty about economy, policy forecasting

SYDNEY: Australia’s central bank said on Monday economic forecasts were subject to huge uncertainty, one reason that...

Published 12 Aug, 2024 10:25am

Stocks

Banks push Australian shares higher, corporate earnings in focus

Australian shares rose for a second straight session on Monday, helped by gains in heavyweight banks, as traders...

Published 12 Aug, 2024 10:23am

Commodities

BHP, Rio Tinto, Qantas to invest $53mn in Australian carbon credit fund

SYDNEY: BHP, Rio Tinto and Qantas will invest a total of A$80 million ($52.7 million) as early-stage investors in an...

Published 12 Aug, 2024 10:16am

Bullion Rate

Gold subdued as investors focus on US inflation data

Gold prices struggled for momentum on Monday as investors looked forward to a key inflation report that could shed...

Published 12 Aug, 2024 10:14am

Commodities

Soybeans below $10/bushel, corn under $4 on mounting supply pressure

SINGAPORE: Chicago soybeans and corn futures slid to their lowest in four years on Monday, dropping below $10 and $4...

Published 12 Aug, 2024 10:12am

Mutual Funds

India bond yields seen little changed, with focus on inflation prints

MUMBAI: Indian government bond yields are expected to be largely unchanged at the start of the week as market...

Published 12 Aug, 2024 10:10am

Forex

Indian rupee to open flat; recent underperformance not a concern, analysts say

MUMBAI: The Indian rupee is likely to start the week little changed amid mostly rangebound Asian peers and a central...

Published 12 Aug, 2024 10:09am

Business & Finance

BOE’s Mann says UK wage growth still a concern for inflation, FT reports

Catherine Mann, an external member of the BoE’s monetary policy committee, said that goods and services prices were...

Published 12 Aug, 2024 10:07am

Stocks

Indian shares open lower; Adani stocks fall

BENGALURU: Indian shares opened lower on Monday, with Adani group stocks falling after US short-seller Hindenburg...

Published 12 Aug, 2024 10:02am

Stocks

Asia shares on the rise ahead of US inflation data

SYDNEY: Asian stocks edged higher on Monday as a holiday in Japan removed one source of recent volatility, and...

Published 12 Aug, 2024 10:01am

Commodities

Palm oil falls on weak cargo surveyor export data

BEIJING: Malaysian palm oil futures fell on Monday after cargo surveyor data showed a sharp decline in exports for...

Published 12 Aug, 2024 09:59am

Energy

Saudi crude oil exports to China set to slip in September, sources say

SINGAPORE: Saudi crude oil exports to China are set to fall in September to about 43 million barrels, several trade...

Published 12 Aug, 2024 09:58am

Commodities

Copper slips as investors assess economic uncertainty

BEIJING: Copper prices opened the week on a softer note as macro-economic uncertainty persisted and investors waited...

Published 12 Aug, 2024 09:56am

Forex

Yen slips, markets brace for US inflation data

SINGAPORE: The yen was a tad softer against the dollar in trading thinned by a Japanese holiday on Monday, with...

Published 12 Aug, 2024 09:53am

Traders reject advance income tax collection

PESHAWAR: Traders community rejected advance income tax collection and termed it anti-businesses. Traders said they...

Updated 12 Aug, 2024 09:25am

‘Adventure in the nature of trade’: Burden of proof for taxing lies with FBR: ATIR

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) has ruled that the burden of proof lies with the Federal Board...

Updated 12 Aug, 2024 09:21am

BMP underscores need for taking steps to achieve export target

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel has stressed the need for...

Updated 12 Aug, 2024 09:19am

Pakistan

Sehgal draws admiration, wins accolades

ISLAMABAD: Named “Terms of Frustration”, “Dreams and the Reality”, and “The Kakar Model” in Ikram...

Updated 12 Aug, 2024 08:49am

‘Cos should market their brands to other countries in good manner’

LAHORE: Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan said that the...

Updated 12 Aug, 2024 08:46am

PM reaffirms commitment to safeguarding rights of minorities

LAHORE: On the National Minorities Day, Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to...

Updated 12 Aug, 2024 08:43am

Pakistan

Free of charge online visa for Turkish nationals

ISLAMABAD: Pakistan will start offering free of cost online visa to Turkish nationals from Wednesday. This was...

Updated 12 Aug, 2024 08:41am

BR’s refresher: your morning briefing for the day

Important updates from August 10 and August 11, 2024

Published 12 Aug, 2024 08:39am

World

Trump campaign says hit by hackers

WASHINGTON: Donald Trump’s campaign said Saturday it had been hacked, blaming “foreign sources” for...

Updated 12 Aug, 2024 08:25am

Middle East

Iran’s president picks a pragmatic as top diplomat in proposed cabinet

DUBAI: Iran’s new president presented his cabinet to parliament on Sunday for a vote of confidence, state media...

Published 12 Aug, 2024 08:19am

Africa

Rwanda’s Kagame sworn in for fourth term

KIGALI: Rwanda’s all-powerful President Paul Kagame was sworn in on Sunday for a fourth term after sweeping to...

Published 12 Aug, 2024 08:16am

South Asia

Son of Hasina warns of ‘chaos’ without swift polls

NEW DELHI: The son of Bangladesh’s toppled autocratic leader thanked New Delhi on Sunday for “saving her ...

Updated 12 Aug, 2024 08:14am

South Asia

India regulator rejects bias in Adani probe

MUMBAI: India’s market regulator chief rejected Sunday allegations by US short-seller Hindenburg Research that...

Updated 12 Aug, 2024 08:12am

Pakistan

The Weather

KARACHI: The weather report on Sunday (August 11, 2024) and the forecast for Monday (August 12, 2024)....

Published 12 Aug, 2024 08:12am

BR Research

Lucky: Bigger leagues

It is not just that Lucky’s revenue streams have now crossed Rs100 billion, because so has Bestway’s, the other...

Published 12 Aug, 2024 08:10am

Pakistan

Millions of women in rural Sindh without basic rights: HWA

HYDERABAD: Millions of women living in rural Sindh are without basic rights including health, education and wages....

Updated 12 Aug, 2024 08:09am

Pakistan

‘Azadi Float’ arrives at Gujar Khan

LAHORE: ‘Azadi Float’ after departing from Rawalpindi on the morning of the first day of its journey on Sunday,...

Updated 12 Aug, 2024 08:09am

Business & Finance

China’s exports growth slows to 3-month low in July

BEIJING: China’s exports grew at their slowest pace in three months in July, missing expectations and adding to...

Updated 12 Aug, 2024 08:07am

BR Research

FY24: Mari Petroleum’s best profits yet

Mari Petroleum Company Limited (MARI) has announced its financial results for FY24, showcasing record-breaking...

Published 12 Aug, 2024 08:06am

BR Research

Haleon Pakistan Limited

Haleon Pakistan Limited (formerly known as GlaxoSmithKline) was incorporated in Pakistan as a public limited company...

Published 12 Aug, 2024 08:03am

Pakistan

Minorities’ Day marked: President, PM hail the role of minorities in national development

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif have hailed the services of minorities in...

Updated 12 Aug, 2024 07:42am

Pakistan

Rights of minorities: Tarar vows to raise his voice at every forum

LAHORE: Federal Minister for Information and Broadcasting Atta Ullah Tarar here on Sunday vowed to raise his voice ...

Updated 12 Aug, 2024 07:40am

Editorials

Senate panel’s skepticism

EDITORIAL: The Senate Functional Committee on Devolution presided over by Dr Zarqa Suharwardy Taimur expressed...

Updated 12 Aug, 2024 07:23am

Opinion

Partly Facetious: Arshad Nadeem has done this country proud

“The nation heard of one joyous event after….after years.” “Notification Maryam Nawaz’s chief of army staff uniform...

Updated 12 Aug, 2024 07:16am

Stocks

Most Gulf markets gain on positive data

DUBAI: Stock markets in the Middle East ended higher on Sunday, boosted by positive economic data the previous week...