News Archives for Latest - 2024-08-26

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Archive - 2024-08-26

Sports

PCB postpones national team’s ‘surgery’ citing lack of backup players

Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi said on Monday that the board wanted to replace out-of-form...

Updated 26 Aug, 2024 11:51pm

World

Canada to allow fewer temporary foreign workers

OTTAWA: Canada will allow in fewer temporary foreign workers under tightened rules announced Monday, part of a...

Published 26 Aug, 2024 11:43pm

Europe

Macron rejects left-wing government to end deadlock

PARIS: French President Emmanuel Macron on Monday ruled out naming a government led by the left-wing New Popular...

Updated 26 Aug, 2024 11:40pm

Stocks

KSE-100 Index loses 230 points in volatile session

The Pakistan Stock Exchange (PSX) endured a volatile session on Monday as its benchmark KSE-100 Index swayed in both...

Updated 26 Aug, 2024 11:37pm

Pakistan

Pakistan court acquits man charged with cybercrime linked to British riots

LAHORE: A Pakistani court on Monday acquitted a local man of cybercrime offences involving the spread of fake online...

Updated 26 Aug, 2024 10:35pm

Exchange

Rupee registers minor gain against US dollar

Currency settles at 278.42 against the greenback in inter-bank market

Updated 26 Aug, 2024 10:34pm

Energy

Pakistan’s largest IPP HUBCO posts profit of Rs75.3bn in FY24

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit increase by...

Updated 26 Aug, 2024 10:32pm

Pakistan

23 bus passengers offloaded, shot dead after identity check in Balochistan’s Musakhel

Armed men blocked inter-provincial highway in Rarasham district of Musakhel and offloaded passengers from buses

Updated 26 Aug, 2024 10:30pm

World

UN humanitarian operations in Gaza forced to halt: official

Deir Al-Balah municipality says Israeli evacuation orders have so far displaced 250,000 people

Updated 26 Aug, 2024 10:28pm

Pakistan

21 terrorists killed in Balochistan after security forces respond to several attacks

The military's media wing says 14 security personnel martyred during clearance operations

Updated 26 Aug, 2024 10:13pm

Pakistan

Chinese PLA Ground Forces’ commander calls on COAS Munir

Commander of the People’s Liberation Army Ground Forces General Li Qiaoming called on Chief of Army Staff (COAS)...

Updated 26 Aug, 2024 09:56pm

Pakistan

Mobile phone services suspended in Karachi, other cities on account of Chehlum

Cellular services in all major cities of Sindh, including Karachi, remained suspended on Monday on account of the...

Updated 26 Aug, 2024 08:29pm

Stocks

Dow, S&P 500 edge up as rate-cut bets firm; energy stocks rise

The Dow and the S&P 500 inched up in choppy trading on Monday as markets cemented bets on an imminent rate cut...

Published 26 Aug, 2024 08:20pm

South Asia

Bangladesh floods leave 23 dead, 5.7 million people affected

DHAKA: The death toll from devastating floods caused by relentless monsoon rain and overflowing rivers in Bangladesh...

Published 26 Aug, 2024 08:04pm

Companies

Hub Power Holdings enters JV for mineral exploration in Pakistan

Hub Power Holdings Limited (HPHL) has entered into a joint venture agreement with a mining company Ark Metals...

Updated 26 Aug, 2024 07:35pm

Energy

Kuwait signs 15-year deal for Qatar gas supply

KUWAIT CITY: Kuwait’s state oil giant on Monday announced a 15-year deal for the supply of natural gas from Qatar,...

Published 26 Aug, 2024 06:54pm

South Asia

Afghanistan’s Taliban govt says morality law will be ‘gently’ enforced

KABUL: Afghanistan’s Taliban authorities said Monday a recently ratified morality law would be enforced “gently”,...

Published 26 Aug, 2024 06:49pm

Pakistan

Pakistani pilgrim bus crashes in Iran, killing three: media

TEHRAN: At least three people have been killed and 48 others wounded when a bus carrying Pakistani pilgrims crashed...

Updated 26 Aug, 2024 06:49pm

Cricket

Pakistan and Bangladesh fined for slow over rates in 1st Test

RAWALPINDI: Pakistan and Bangladesh have been fined and docked World Test Championship points over slow over rates...

Published 26 Aug, 2024 06:42pm

Stocks

Most Gulf markets gain on Fed rate-cut hopes

Most stock markets in the Gulf ended higher on Monday after Federal Reserve Chair Jerome Powell signalled the U.S....

Published 26 Aug, 2024 06:33pm

Movies & Music

British band Oasis to reunite ‘Definitely Maybe’?

LONDON: Oasis, one of the 1990s rock bands that defined Britpop, is set to reunite as brothers Noel and Liam...

Published 26 Aug, 2024 06:29pm

Companies

IBM to close China R&D department, affecting over 1,000 jobs

BEIJING: IBM will completely shut its China R&D operation, affecting more than 1,000 jobs, the US technology...

Published 26 Aug, 2024 05:41pm

Middle East

Families flee after new Israeli evacuation orders in Gaza as ceasefire hopes dim

CAIRO/GAZA: Israel issued new evacuation orders for Deir Al-Balah in the central Gaza Strip late on Sunday, forcing...

Published 26 Aug, 2024 05:34pm

Energy

Oil up 2% on Libya shutdowns, Mideast escalation fears

LONDON: Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on...

Updated 26 Aug, 2024 05:17pm

Stocks

IT prods Indian shares towards record highs after Powell’s dovish tilt

BENGALURU: Indian information technology stocks pushed domestic shares to within touching distance of a record high...

Published 26 Aug, 2024 05:14pm

Stocks

Sri Lanka shares end lower as IT, financials weigh

CSE All-Share index settled 1.43% lower at 11,199.58

Published 26 Aug, 2024 05:11pm

Commodities

Palm oil climbs to one-month high on Indonesia’s tax, biodiesel plans

SINGAPORE: Malaysian palm oil futures climbed for the fourth consecutive day on Monday to close at their highest in...

Published 26 Aug, 2024 05:09pm

Companies

HBL registers Rs14.01bn profit during April-June 2024

HBL’s profit-after-tax for the April-June period of 2024 registered a 7% increase, clocking in at Rs14.01 billion...

Updated 26 Aug, 2024 04:02pm

Companies

Bangladesh operations: Bank Alfalah receives non-binding offer from Sri Lanka’s Hattan National Bank

Hattan National Bank (HNB), a private-sector commercial bank in Sri Lanka, has made a non-binding offer to acquire...

Published 26 Aug, 2024 03:55pm

Forex

Kenyan shilling steady in muted trade; no reaction to S&P downgrade

NAIROBI: The Kenyan shilling was stable on Monday, with traders saying market activity was muted despite S&P...

Published 26 Aug, 2024 03:37pm

Europe

Russia launched more than 100 missiles, around 100 drones on Ukraine, says Zelenskiy

Ukrainian President Volodymyr Zelenskiy said Russia used more than 100 missiles and about 100 drones in Monday’s...

Published 26 Aug, 2024 03:18pm

Europe

Kremlin says it has yet to see accusations against Telegram’s Durov

MOSCOW: The Kremlin said on Monday it did not know what Telegram founder Pavel Durov, arrested by French police on...

Published 26 Aug, 2024 03:15pm

USA

Kamala Harris puts housing at center of economic pitch to US voters

WASHINGTON: Democratic presidential nominee Kamala Harris is promising to build more housing as the centerpiece of...

Published 26 Aug, 2024 03:12pm

Companies

Shell Pakistan posts Rs1.1bn profit in Apr-Jun 2024, over 86% lower year-on-year

Shell Pakistan Limited (SPL), a subsidiary of Shell Petroleum Company Limited, announced a profit of Rs1.13 billion...

Published 26 Aug, 2024 02:41pm

Energy

QatarEnergy, Kuwait Petroleum Corp to agree long-term LNG deal

KUWAIT: State-owned QatarEnergy and Kuwait Petroleum Corporation will sign a long-term sales and purchase agreement...

Published 26 Aug, 2024 02:25pm

Stocks

Major Gulf markets gain on dovish Fed outlook

Major stock markets in the Gulf rose in early trade on Monday after Federal Reserve Chair Jerome Powell signalled...

Published 26 Aug, 2024 02:23pm

Stocks

Eurozone stocks mixed at the open

PARIS: Eurozone stock markets diverged in opening deals on Monday after US Federal Reserve chief Jerome Powell...

Published 26 Aug, 2024 01:33pm

Commodities

Shanghai copper hits 3-week high on rate cut hopes, demand recovery

Copper prices in Shanghai climbed to their highest in more than three weeks on Monday, supported by a rebound in...

Published 26 Aug, 2024 12:26pm

Asia

Philippines says two new mpox cases are milder variant

MANILA: The Philippines has confirmed two more mpox virus infections of the milder clade 2 variety, its health...

Published 26 Aug, 2024 12:23pm

Europe

Telegram’s Durov still held by French police, franceinfo reports

PARIS: Russia-born billionaire and Telegram owner Pavel Durov was still being detained for questioning by French...

Published 26 Aug, 2024 12:10pm

South Asia

Iran doesn’t seek to raise regional tensions, foreign minister tells Italian counterpart

DUBAI: Iran does not seek to increase Middle East tensions, Foreign Minister Abbas Araqchi told his Italian...

Published 26 Aug, 2024 12:06pm

Sports

Shepherd stars as South Africa collapse to defeat against West Indies

TAROUBA: South Africa collapsed from a winning position to lose by 30 runs to West Indies in their T20 international...

Published 26 Aug, 2024 11:55am

World

Venezuela opposition candidate due before prosecutors in election dispute

CARACAS: Venezuelan opposition candidate Edmundo Gonzalez Urrutia, in hiding since shortly after the country’s...

Published 26 Aug, 2024 11:52am

Sports

Brazil winger and ex-Ronaldo teammate Douglas Costa joins Sydney FC

SYDNEY: Cristiano Ronaldo’s former teammate, Brazil winger Douglas Costa, has signed a two-year deal to play in...

Published 26 Aug, 2024 11:50am

Sports

From last man to winner, Bradley triumphs in BMW Championship

LOS ANGELES: USA Ryder Cup captain Keegan Bradley pulled off a surprise win at the BMW Championship with his final...

Published 26 Aug, 2024 11:47am

Africa

Dozens killed in attack in Burkina Faso: sources

ABIDJAN: Civilians are among the dozens of people killed in an attack by militants in Burkina Faso, local and...

Published 26 Aug, 2024 11:45am

Europe

Spain PM heads to West Africa as migrant arrivals surge

MADRID: Spain Prime Minister Pedro Sanchez heads on a three-day visit to West Africa on Tuesday, as his left-wing...

Published 26 Aug, 2024 11:42am

Asia

Magnitude 6.9 quake hits Tonga as Pacific leaders meet

NUKU’ALOFA: The Pacific Kingdom of Tonga was jolted by a magnitude 6.9 earthquake on Monday, the United States...

Published 26 Aug, 2024 11:29am

Sports

Three matches to watch Monday at the US Open tennis championships

NEW YORK: The US Open starts on Monday at Flushing Meadows, with defending champions Novak Djokovic and Coco Gauff...

Published 26 Aug, 2024 11:28am

Sports

Atletico boss Simeone confident about Alvarez adapting, excited about internal competition

Atletico Madrid manager Diego Simeone said blockbuster signing Julian Alvarez must be given time to find his feet in...

Published 26 Aug, 2024 11:11am

Asia

North Korea’s Kim Jong Un oversees tests of ‘suicide drones’

SEOUL: North Korean leader Kim Jong Un watched as new “suicide drones” took off and destroyed test targets including...

Published 26 Aug, 2024 11:07am

Stocks

Asia shares edge up and dollar down; oil gains

SYDNEY: Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of...

Published 26 Aug, 2024 11:04am

Asia

Thailand warns against severe floods that killed 22

BANGKOK: Flash floods and mudslides across Thailand brought by monsoon rains have killed 22 people and injured 19,...

Published 26 Aug, 2024 11:03am

Europe

Russia says it destroys 20 Ukraine-launched drones

Russia’s air defence systems destroyed 20 drones that Ukraine launched against the country overnight, Moscow’s...

Published 26 Aug, 2024 11:01am

Stocks

Indian shares open higher after Powell’s dovish remarks

BENGALURU: Indian shares opened higher on Monday, mirroring other Asian peers after US Federal Reserve Chair Jerome...

Published 26 Aug, 2024 10:59am

Forex

China’s yuan hovers near 3-week high after Fed’s dovish pivot

SHANGHAI: China’s yuan hovered near a three-week high against the dollar on Monday, underpinned by broad greenback...

Published 26 Aug, 2024 10:57am

Stocks

Miners lift Australian shares higher; inflation data in focus

Australian shares edged higher on Monday led by miners amid broad-based gains, as positive comments from the US...

Published 26 Aug, 2024 10:56am

Forex

Indian rupee to rise after Powell reinforces expectations of Fed rate cut in Sept

MUMBAI: The Indian rupee is expected to rise on Monday, after US Federal Reserve Chair Jerome Powell comments nearly...

Published 26 Aug, 2024 10:55am

Stocks

China shares edge lower as property stocks drag; Hong Kong rises

SHANGHAI: Mainland China stocks inched lower on Monday, dragged down by property shares, while Hong Kong tracked...

Published 26 Aug, 2024 10:54am

Stocks

India bond yields dip after Powell signals Sept rate cut

MUMBAI: Indian government bond yields trended lower at the start of the week tracking US peers, after Federal...

Published 26 Aug, 2024 10:52am

Business & Finance

World Bank forecasts Vietnam 2024 GDP growth at 6.1%, warns on bad loans

HANOI: The World Bank on Monday forecast Vietnam’s gross domestic product (GDP) growth for this year at 6.1%, but...

Published 26 Aug, 2024 10:51am

Commodities

Soybeans drop 1%, corn hits one-week low on forecast of bumper US crops

SINGAPORE: Chicago soybeans slid 1% on Monday and corn fell to its lowest level in a week, after a widely tracked...

Published 26 Aug, 2024 10:50am

Stocks

Japan’s Nikkei falls as yen firms, chip-related shares top losers

TOKYO: Japan’s Nikkei share average fell on Monday as a stronger yen weighed on investor sentiment, with heavyweight...

Published 26 Aug, 2024 10:47am

Commodities

Palm oil hits over three-week high on stronger Indonesian demand outlook

SINGAPORE: Malaysian palm oil futures rose for a fourth consecutive session on Monday to hit a more than three-week...

Published 26 Aug, 2024 10:46am

Bullion Rate

Gold holds ground on September US rate-cut expectations

Gold prices held ground on Monday, buoyed by a weaker dollar and Treasury yields after US Federal Reserve Chair...

Published 26 Aug, 2024 10:45am

Forex

Australia, NZ dollars hover near 2024 highs, inflation tests loom

SYDNEY: The Australian and New Zealand dollars were perched near their 2024 highs on Monday, buoyed by the...

Published 26 Aug, 2024 10:43am

Forex

Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed’s dovish shift

TOKYO: The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell’s...

Published 26 Aug, 2024 10:11am

Finally, FBR reaches out to traders

Meeting to be held on August 27

Updated 26 Aug, 2024 09:28am

Business & Finance

Fuel price adjustment row: SECL has refused to pay dues to SNGPL?

ISLAMABAD: M/s Sapphir Electric Power Company Limited (SECL) is said to have refused to make payment of outstanding...

Updated 26 Aug, 2024 09:26am

PD working on Reko Diq project transaction

ISLAMABAD: Petroleum Division is reportedly in the process of initiating a summary for approval of Reko Diq Project...

Updated 26 Aug, 2024 09:24am

PakPWD closure: PM reviews legal aspects, final stages

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday chaired a meeting to review the legal aspects and final...

Updated 26 Aug, 2024 09:23am

Govt decides to bring in 50pc govt imports thru Gwadar port

ISLAMABAD: The federal government has decided to divert 50 per cent of public sector imports to Gwadar Port destined...

Updated 26 Aug, 2024 09:22am

Business & Finance

KP traders demand withdrawal of 2pc tax on exports

PESHAWAR: Traders and exporters asked the provincial government of Khyber Pakhtunkhwa to immediately withdraw the...

Updated 26 Aug, 2024 09:00am

FBR finalises August collection strategy

ISLAMABAD: The Federal Board of Revenue (FBR) Sunday finalised a strategy to meet the assigned revenue collection...

Updated 26 Aug, 2024 08:57am

Federal government: PM orders swift implementation of e-office system

ISLAMABAD: Prime Minister Shehbaz Sharif assigned the Ministry of Information Technology and relevant departments...

Updated 26 Aug, 2024 08:57am

Pakistan

Pakistan invites Modi to SCO moot

ISLAMABAD: Pakistan has extended an invitation to Indian Prime Minister Narendra Modi, along with other leaders of...

Updated 26 Aug, 2024 08:56am

President endorses FTO’s order against fake sales tax invoices

ISLAMABAD: President Asif Ali Zardari has endorsed the Federal Tax Ombudsman’s (FTO) directions against the Federal...

Updated 26 Aug, 2024 08:55am

Pakistan

Power sharing formula in Punjab: PML(N)- PPP body reaches agreement

LAHORE: PML-N and PPP joint negotiation committee met at Governor House Lahore on Sunday to discuss power sharing...

Updated 26 Aug, 2024 08:54am

BR’s refresher: your morning briefing for the day

Important updates from August 24 and August 25, 2024

Published 26 Aug, 2024 08:48am

World

Canadian rail decision is a win for companies: union leader

MONTREAL: A decision obliging more than 9,000 Canadian rail workers to stay on the job is a win for the railways and...

Updated 26 Aug, 2024 08:26am

Pakistan

Rape-murder of young girl: governor seeks report

KARACHI: Governor Sindh Kamran Khan Tessori has taken serious notice of the tragic discovery of a young girl’s...

Updated 26 Aug, 2024 08:19am

BR Research

Tariff adjustments keep coming

The state-owned power distribution companies have sought Rs46.9 billion on account of the quarterly tariff...

Published 26 Aug, 2024 08:15am

Industry

High power bills, taxes: Traders call for countrywide strike

QUETTA: President, All Pakistan Anjuman-e-Tajiran, Amjad Baloch on Sunday announced to observe a shutter down strike...

Published 26 Aug, 2024 08:14am

Schools and colleges: PDP concerned at ‘outdated’ syllabi

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor has expressed deep concern over outdated syllabus ...

Updated 26 Aug, 2024 08:11am

BR Research

Taking a break

It has been over 2 years—25 months to be exact—since net bank loans for consumer vehicles turned crimson. This...

Published 26 Aug, 2024 08:10am

Pakistan

Korangi Causeway Bridge to be opened on Jan 1: Sindh minister

KARACHI Sindh Local Government Minister Saeed Ghani has said that the bridge being constructed on Korangi Causeway ...

Published 26 Aug, 2024 08:09am

Pakistan

Study identifies ‘harmful’ substances in ‘Naswar’

PESHAWAR: A research study on biochemical composition of Naswar (moist snuf) has found an array of harmful ...

Published 26 Aug, 2024 08:07am

Pakistan

ACP pays homage to Urdu poet Ahmad Faraz

KARACHI: Arts Council of Pakistan (ACP) Karachi paid tribute to renowned poet Ahmad Faraz at Haseena Moin Hall. ...

Updated 26 Aug, 2024 08:06am

BR Research

Pak Agro Packaging Limited

Pak Agro Packaging Limited (GEMPAPL) commenced its operations in 2001. The company is engaged in the manufacturing...

Published 26 Aug, 2024 08:05am

Energy

SkyElectric completes first phase of JET programme in Japan

KARACHI: Pakistan’s prestigious solar technology brand, SkyElectric has achieved a momentous breakthrough in the...

Published 26 Aug, 2024 08:04am

Pakistan

Governor Sindh expresses grief over bus accidents

KARACHI: Governor Sindh Kamran Khan Tessori has expressed deep sorrow over the tragic bus accident on the Makran...

Published 26 Aug, 2024 08:02am

Industry

APTMA polls: Gohar Ejaz Group wins for 16th consecutive year

LAHORE: Dr Gohar Ejaz Group swept APTMA elections for the 16th consecutive year. A total of 24 members, including Dr...

Updated 26 Aug, 2024 07:57am

Pakistan

Pakistan’s first low-carbon energy storage ‘ESaaS’ project launched

ISLAMABAD: In a significant step towards sustainable innovation, Pakistan witnessed the launch of its first...

Updated 26 Aug, 2024 07:54am

Opinion

Merits of BRI and its flagship project CPEC

In the past two years, China introduced three major initiatives for the benefit of mankind. These are Global...

Updated 26 Aug, 2024 07:41am

Opinion

IMF programme delay adding to uncertainty

There is growing unease due to delays in the IMF board approval. The Staff-Level Agreement (SLA) was reached in...

Updated 26 Aug, 2024 07:40am

Opinion

Electric Vehicles come to Pakistan

Minister for Finance Muhammad Aurangzeb claimed at the launching ceremony of BYD, a Chinese company globally ...

Updated 26 Aug, 2024 07:36am

Editorials

Lawlessness in katcha areas

EDITORIAL: The riverine katcha areas of Punjab-Sindh border have long been overrun by dacoits involved in all manner...

Updated 26 Aug, 2024 07:28am

Editorials

Must act now

EDITORIAL: The persistently high gross financing needs present a significant risk to the economy, challenging the...

Updated 26 Aug, 2024 07:26am

World

Mali drone strikes kill at least 21 in northern town

BAMAKO: At least 21 people, including 11 children, were killed by drone strikes on Sunday on the town of Tinzaouaten...