News Archives for Latest - 2024-08-28

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Archive - 2024-08-28

Europe

Ukraine’s Zelenskiy says people killed in Russian airstrike on Kupyansk

KYIV: Ukrainian President Volodymyr Zelenskiy said on Wednesday a Russian airstrike earlier in the day on the...

Published 28 Aug, 2024 11:50pm

Europe

Russia bans entry to 92 US journalists, lawyers, business people

MOSCOW: Russia’s foreign ministry on Wednesday said it was banning entry to Russia for 92 U.S. citizens including...

Published 28 Aug, 2024 11:36pm

Perspectives

Zuckerberg was ‘pressured’ to censor Covid content: is the same happening with Palestine?

Earlier this week, Meta Platforms CEO Mark Zuckerberg said the Biden administration had pressured the company to...

Updated 28 Aug, 2024 11:35pm

World

UN aid vehicle struck by Israeli military gunfire in Gaza: spokesman

UNITED NATIONS: The United Nations said Wednesday that a UN humanitarian vehicle was struck by Israeli military...

Published 28 Aug, 2024 11:28pm

Pakistan

Dubai-based Pakistan swimmer Ahmed Durrani is looking to draw inspiration from Arshad Nadeem’s gold

DUBAI: Ahmed Durrani, the Dubai-based Pakistani swimmer, is determined to follow in the footsteps of javelin thrower...

Updated 28 Aug, 2024 11:25pm

World

Israel army says ‘failed’ to stop deadly West Bank settler attack

JERUSALEM: The Israeli military said on Wednesday it had “failed” in its response to a settler attack in the...

Published 28 Aug, 2024 10:42pm

Exchange

Rupee closes marginally weaker against US dollar

Currency settles at 278.45 against the greenback in inter-bank market

Updated 28 Aug, 2024 08:56pm

Sports

Afghanistan’s Taliban government bans ‘violent’ mixed martial arts

KABUL: Afghanistan’s Taliban government has banned mixed martial arts (MMA), believing it to be un-Islamic, its...

Published 28 Aug, 2024 08:54pm

Stocks

Lack of positive triggers: KSE-100 closes marginally lower to settle below 78,000

The Pakistan Stock Exchange’s (PSX) KSE-100 Index closed marginally lower by 91 points on Wednesday as the index...

Updated 28 Aug, 2024 08:51pm

Business & Economy

Pakistan’s internet disruption could continue till early October due to ‘submarine cable fault’

PTA says fault occurred in two cables, one of which has been repaired

Updated 28 Aug, 2024 08:48pm

Business & Economy

Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive

Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's
Expects IMF to approve the EFF in the next few weeks

Updated 28 Aug, 2024 08:04pm

Business & Economy

Pakistan, Turkiye call for more G2G, B2B partnerships

Authorities in Pakistan and Turkiye stressed on enhancing bilateral trade and investment portfolio through more...

Updated 28 Aug, 2024 07:36pm

Asia

US, China trade warnings during tense visit

BEIJING: Top US and Chinese officials exchanged warnings against stoking regional tensions during a meeting in...

Published 28 Aug, 2024 07:20pm

Middle East

Israeli forces launch strikes across Gaza, push tanks into central Khan Younis

CAIRO: Israeli forces sent tanks deeper into Khan Younis in the southern Gaza Strip and launched strikes across the...

Updated 28 Aug, 2024 07:16pm

Stocks

US stocks slip ahead of Nvidia financial results

NEW YORK: Wall Street stocks mostly ticked lower on Wednesday, as investors await chipmaker Nvidia’s earnings report...

Published 28 Aug, 2024 07:13pm

Stocks

Energy, utilities stocks drag Sri Lankan shares lower

CSE All-Share index settled 1.33% lower at 10,945.81 points

Published 28 Aug, 2024 07:05pm

Energy

Oil prices fall as demand concerns offset Libya supply risks

Oil prices fell by around 1% on Wednesday due to persistent concerns over Chinese demand and elevated risks of a...

Updated 28 Aug, 2024 07:02pm

Stocks

Most Gulf markets ease on regional tensions

Most stock markets in the Gulf closed lower on Wednesday amid geopolitical tensions in the region, while investors...

Published 28 Aug, 2024 07:00pm

Companies

Disney, Reliance overcome cricket concerns to win approval for $8.5bn India merger

BENGALURU: Walt Disney Co and Reliance Industries won approval on Wednesday for an $8.5 billion merger of their...

Updated 28 Aug, 2024 06:53pm

Life & Style

Afghan women filmed singing in protest of ban on their voices

KABUL: An Afghan woman sings in a video showing just a sliver of her face, one of dozens of women taking part in an...

Published 28 Aug, 2024 06:51pm

South Asia

Indian protesters block rail lines, halt buses after doctor’s rape, murder

KOLKATA: Thousands of protesters blocked train tracks, halted buses and shouted slogans in India’s state of West...

Published 28 Aug, 2024 06:39pm

Stocks

India’s Nifty 50 ends off record high as investors book profits

BENGALURU: India’s NSE Nifty 50 index came off a record high on Wednesday, as profit booking across many sectors...

Published 28 Aug, 2024 06:09pm

Commodities

Chinese demand worries trigger funds sell-off in metals

LONDON: A month-long rally in metals paused on Wednesday as concerns over demand from top consumer China and a...

Published 28 Aug, 2024 06:07pm

Commodities

Palm oil dips as India import tax concerns counter weak supply outlook

SINGAPORE: Malaysian palm oil futures ended lower on Wednesday as concerns over the prospect of higher import taxes...

Published 28 Aug, 2024 06:04pm

$8bn CPEC debt re-profiling plan being prepared

Power Division will ensure sharing all necessary information with Task Force, which will report to the Steering Committee co-chaired by Minister for Finance and Revenue and Minister for Power

Updated 28 Aug, 2024 05:58pm

Traders stick to guns, go on strike as planned

ISLAMABAD: Despite Federal Board of Revenue’s (FBR) assurance to traders’ community to amend the “Tajir Dost Scheme”...

Updated 28 Aug, 2024 05:58pm

Middle East

Israel launches deadly West Bank operation as Gaza war drags on

JENIN: Israel launched large-scale military aggression Wednesday in the occupied West Bank, where its army said it...

Published 28 Aug, 2024 05:55pm

Sports

PCB announces Champions One-Day Cup schedule

Pakistan Cricket Board (PCB) on Wednesday announced the schedule for the Champions One-Day Cup. According to a PCB...

Published 28 Aug, 2024 05:28pm

Senate body calls for forensic audit of IPPs

ISLAMABAD: The Senate Functional Committee on Devolution, Tuesday, expressed concerns over functioning of...

Updated 28 Aug, 2024 05:21pm

Sports

England’s Malan retires from international cricket

LONDON: Dawid Malan retired from international cricket on Wednesday, with the batsman saying his England career “has...

Published 28 Aug, 2024 05:11pm

South Asia

India floods kill 15 after heavy rains

NEW DELHI: Torrential rains in India caused heavy flooding that killed at least 15 people, local media reported...

Published 28 Aug, 2024 05:05pm

Europe

Ukrainian drones strike Russian fuel depots

MOSCOW: Ukrainian drones struck two fuel depots in Russia, sparking fires, officials said Wednesday, the latest of...

Published 28 Aug, 2024 05:01pm

Companies

April-June: PTCL sustains Rs3.4bn in losses as finance cost bites

Pakistan Telecommunication Company Limited (PTCL) sustained massive losses to the tune of Rs3.4 billion during the...

Updated 28 Aug, 2024 04:59pm

Companies

Faysal Bank’s profit surges 60%, clocks in at Rs7bn in Apr-June

Faysal Bank posted a consolidated profit after tax of Rs6.95 billion for the quarter ended June 30, 2024, nearly 60%...

Updated 28 Aug, 2024 04:58pm

Stocks

Stocks mostly up as traders eye Nvidia earnings

PARIS: European and Asian stock markets mostly rose Wednesday as investors eagerly awaited the latest earnings...

Updated 28 Aug, 2024 04:56pm

Europe

Kremlin says Europe will pay more if gas transit deal via Ukraine not extended

MOSCOW: The Kremlin said on Wednesday that European consumers would face higher prices if a deal on Russian gas...

Published 28 Aug, 2024 03:34pm

Sports

Pakistan recall spinner Abrar for final Test v Bangladesh

LAHORE: Pakistan recalled leg-spinner Abrar Ahmed on Wednesday for the second and final Test against Bangladesh...

Published 28 Aug, 2024 03:32pm

Movies & Music

Oasis reunion drums up multi-million pound boost to UK hospitality industry

Britain’s hospitality industry is gearing up for a multi-million pound boost from the Oasis concerts next summer...

Published 28 Aug, 2024 03:30pm

Forex

Kenyan shilling strengthens slightly on tea exporter FX inflows

NAIROBI: The Kenyan shilling strengthened a little on Wednesday, with foreign exchange inflows from tea exporters...

Published 28 Aug, 2024 03:28pm

USA

Kamala Harris and Walz kick off Georgia bus tour as Democrats’ hopes rise

WASHINGTON: Democratic presidential candidate Kamala Harris and her running mate Tim Walz will campaign together on...

Published 28 Aug, 2024 03:13pm

Life & Style

Osaka wears decorative Nike ‘super suit’ in triumphant U.S. Open return

NEW YORK: Twice U.S. Open winner Naomi Osaka played like a tennis superhero on Tuesday, but instead of a cape, her...

Published 28 Aug, 2024 02:58pm

Govt received 0.8pc of budgeted non-project aid in July: EAD

ISLAMABAD: The government received 0.8 percent of the total budgeted non-project (budget support) assistance by...

Updated 28 Aug, 2024 02:55pm

FBR to introduce market-level review mechanism

ISLAMABAD: The Federal Board of Revenue (FBR) will introduce a market-level review mechanism having representation...

Updated 28 Aug, 2024 02:54pm

Discos, KE domains: Nepra sets up panel to probe Jan-Jun overbilling

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has constituted an investigation committee to...

Updated 28 Aug, 2024 02:54pm

Mutual Funds

Euro zone yields steady as light calendar leaves focus on Nvidia

LONDON: Euro zone bond yields were little changed on Wednesday after rising the previous day, as a light economic...

Published 28 Aug, 2024 01:32pm

Mutual Funds

JGB rises as BOJ official reiterates readiness to raise rates

TOKYO: Japanese government bond yields rose on Wednesday as a senior Bank of Japan (BOJ) official reiterated the...

Published 28 Aug, 2024 01:29pm

Business & Finance

Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup

SEOUL: Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30%...

Published 28 Aug, 2024 01:21pm

Stocks

FTSE 100 edges up led by pharmaceuticals, insurers

UK’s main FTSE 100 stock index opened slightly up on Wednesday led by pharmaceuticals and insurers, with the market...

Published 28 Aug, 2024 01:19pm

Forex

Russian rouble flat but set to weaken as tax payments end

MOSCOW: The Russian rouble was flat against the US dollar on Wednesday but was set to weaken in the coming days...

Published 28 Aug, 2024 01:15pm

Forex

South African rand slips ahead of domestic data releases

JOHANNESBURG: The South African rand slipped early on Wednesday, ahead of economic data releases towards the end of...

Published 28 Aug, 2024 01:13pm

Europe

UK’s Starmer in Germany for first bilateral trip as PM

BERLIN: UK Prime Minister Keir Starmer meets with German Chancellor Olaf Scholz in Berlin on Wednesday to discuss a...

Published 28 Aug, 2024 12:26pm

Asia

South Asia air pollution fell in 2022, but remains major killer: report

BANGKOK: A surprise improvement in air quality in South Asia in 2022 drove a decline in global pollution, with...

Published 28 Aug, 2024 12:04pm

Middle East

Ten Palestinians killed in Israeli operation in West Bank: Red Crescent

NABLUS: Ten Palestinians were killed in Israeli raids and strikes in several towns in the north of the occupied West...

Published 28 Aug, 2024 12:00pm

Asia

Vietnam to send its swine fever vaccine to Philippines

HANOI: Vietnam will send 150,000 doses of its African swine fever vaccine to the Philippines on Thursday, state...

Published 28 Aug, 2024 11:56am

Asia

Japan braces for Typhoon Shanshan, heavy rain and strong winds forecast

TOKYO: Japan on Wednesday braced for Typhoon Shanshan, with heavy rain and strong winds forecast, forcing airlines...

Published 28 Aug, 2024 11:52am

Commodities

Global aluminium producer seeks Q4 Japan premium of $185/T, sources say

TOKYO: A global aluminium producer has offered Japanese buyers a premium of $185 per metric ton for October-December...

Published 28 Aug, 2024 11:48am

Forex

Australia dollar hits 8-month highs, aided by inflation data

SYDNEY: The Australian and New Zealand dollars hovered near eight-month peaks on Wednesday as local inflation data...

Published 28 Aug, 2024 11:44am

Sports

Jannik Sinner stumbles, then steps on gas in US Open first round

Top-seeded Jannik Sinner surprisingly dropped his first set of the US Open before rallying for a 2-6, 6-2, 6-1, 6-2...

Published 28 Aug, 2024 11:40am

Sports

Former champion Emma Raducanu loses to Kenin in US Open first round

NEW YORK: An emotional Emma Raducanu said she should have got more matches under her belt ahead of the US Open after...

Published 28 Aug, 2024 11:33am

Sports

Naomi Osaka upsets 10th seed Jelena Ostapenko in US Open return

Naomi Osaka put on a vintage display in her return to the US Open as she took down No. 10 seed Jelena Ostapenko 6-3,...

Published 28 Aug, 2024 11:31am

South Asia

Protesters block train tracks, buses in eastern India

KOLKATA: Protesters blocked train tracks, stopped buses and shouted slogans in the eastern Indian state of West...

Published 28 Aug, 2024 11:28am

Sports

Carlos Alcaraz relishing ‘intense’ rivalry with Djokovic

NEW YORK: Carlos Alcaraz said he enjoys a good friendship with Novak Djokovic away from the court but the Spaniard...

Published 28 Aug, 2024 11:22am

Business & Finance

Toyota to suspend operations of all Japan plants due to Typhoon Shanshan, Nikkei reports

TOKYO: Toyota Motor will suspend operations of all 14 plants in Japan due to the approaching Typhoon Shanshan, from...

Published 28 Aug, 2024 11:18am

Europe

Ukraine drones set oil depot ablaze in Russia’s Rostov region, Telegram channels say

Ukrainian drones set oil tanks on fire at an depot in Russia’s Rostov region, Russian Telegram channels reported on...

Published 28 Aug, 2024 11:13am

Technology

Apple eyes bigger slice of India’s streaming market with Airtel deal

BENGALURU: Apple is tying up with India’s Airtel to offer the telecom firm’s premium customers its music and video...

Published 28 Aug, 2024 11:04am

Stocks

Stocks stop short of record peaks as Nvidia earnings loom

SINGAPORE: Global stocks were poised near record highs on Wednesday, with the next move riding on results at...

Published 28 Aug, 2024 10:52am

Commodities

Indonesia’s June palm oil exports down 1.88% y/y, GAPKI says

JAKARTA: Indonesia’s palm oil exports in June were 3.385 million metric tons, an 1.88% drop from a year earlier,...

Published 28 Aug, 2024 10:49am

Commodities

Soybeans ease from two-week high; corn, wheat down on supply pressure

SINGAPORE: Chicago soybean futures slid for the first time in four sessions on Wednesday, after climbing to a...

Published 28 Aug, 2024 10:46am

Bullion Rate

Gold edges down on stronger dollar, market awaits US inflation data

Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key US inflation report due this...

Published 28 Aug, 2024 10:42am

Forex

Indian rupee may weaken slightly, tracking peers; RBI, Fed view key

MUMBAI: The Indian rupee is expected to open marginally lower on Wednesday, in the wake of a decline in other Asian...

Published 28 Aug, 2024 10:32am

Mutual Funds

India 10-year bond yield holds at 6.85% as traders wait for data

MUMBAI: Indian government bond yields moved sideways early on Wednesday as traders bided their time before a slate...

Published 28 Aug, 2024 10:28am

Stocks

Indian shares flat after nine-session rally to near record highs

BENGALURU: Indian shares opened little changed on Wednesday, after a nine-session rally that left the benchmark...

Published 28 Aug, 2024 10:24am

Stocks

Japan’s Nikkei edges lower with focus on firmer yen, Nvidia earnings

TOKYO: Japan’s Nikkei share average edged lower on Wednesday amid a strengthening yen and caution ahead of earnings...

Published 28 Aug, 2024 10:22am

Forex

Currencies trade in tight range as market awaits more US rate cues

The US dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling...

Published 28 Aug, 2024 10:18am

Cabinet approves Rs20 billion for Azm-e-Istehkam

ISLAMABAD: The federal cabinet to tackle the recent terrorist incidents across country has approved Rs20 billion for...

Updated 28 Aug, 2024 09:17am

BR Research

Ghandhara Tyre & Rubber Company Limited

Ghandhara Tyre & Rubber Company limited (PSX: GTYR) was incorporated in Pakistan as a private limited company in...

Updated 28 Aug, 2024 09:16am

Payment of redemption fine: FBR to allow maximum 50pc depreciation for release of containers

ISLAMABAD: The Federal Board of Revenue (FBR) will allow maximum 50 percent depreciation for release of confiscated...

Updated 28 Aug, 2024 09:09am

Pakistan

Govt to support bill seeking increase in number of SC judges?

ISLAMABAD: The federal government will support a series of legislations of private members to increase the number of...

Updated 28 Aug, 2024 09:02am

BR Research

IMF Board approval: delayed again

The IMF program’s board approval continues to face delays. While the staff-level agreement was reached swiftly, with...

Published 28 Aug, 2024 08:58am

Ministry to clamp down on sugar mills behind price surge

ISLAMABAD: The federal government has empowered Ministry of Industries and Production (MoI&P) to take action...

Updated 28 Aug, 2024 08:52am

Transfer CPPs to the national grid, suggests PD

ISLAMABAD: The Petroleum Division has suggested the government transferring captive power plants to the National...

Updated 28 Aug, 2024 08:42am

BR’s refresher: your morning briefing for the day

Important updates from August 27, 2024

Published 28 Aug, 2024 08:40am

South Asia

Khamenei urges govt to impose cyberspace controls

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei on Tuesday urged the new government to impose controls over...

Published 28 Aug, 2024 08:23am

Business & Finance

High-tech manufacturing spurs China’s July industrial profit growth

BEIJING: China’s industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish...

Published 28 Aug, 2024 08:20am

Industry

BMG announces names of candidates for KCCI polls

KARACHI: Chairman Businessmen Group (BMG) and former president Karachi Chamber of Commerce & Industry (KCCI)...

Published 28 Aug, 2024 08:18am

Pakistan

Rain emergency: Sindh govt ready to deal with any emergency situation: Sharjeel

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has announced the possibility of heavy rains across the province...

Updated 28 Aug, 2024 08:17am

Pakistan

AKU, IBA host dialogue on undergraduate education

KARACHI: The Aga Khan University’s Institute for Educational Development (AKU-IED), in partnership with the School...

Published 28 Aug, 2024 08:15am

Pakistan

Proparco, Karandaaz, PFSL collaborate to enhance gender & climate finance

KARACHI: Proparco, Karandaaz Pakistan and Parwaaz Financial Services Limited (PFSL) have entered into a landmark...

Published 28 Aug, 2024 08:14am

Pakistan

M2 toll rates raised by 10pc

The...

Updated 28 Aug, 2024 08:11am

Pakistan

Scott Urbom assumes role as US CG

KARACHI: Scott Urbom has officially taken on the role of Consul General at the U.S. Consulate General in Karachi,...

Published 28 Aug, 2024 08:10am

Pakistan

Deputy Speaker NA adjourns session till Friday

ISLAMABAD: The deputy speaker National Assembly Syed Ghulam Mustafa Shah on Tuesday adjourned the house till Friday...

Published 28 Aug, 2024 08:08am

Pakistan

Strategic communications, outreach: Khadija Shah made lead for PTI’s EAMC

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Tuesday appointed Khadija Shah as its national lead for strategic...

Published 28 Aug, 2024 08:06am

Pakistan

SAU in collaboration with FAO installs Flux Tower

HYDERABAD: In a significant step towards enhancing agricultural research and environmental monitoring, a flux tower...

Published 28 Aug, 2024 08:04am

Industry

US embassy awards $20,000 in seed funding to women entrepreneurs

ISLAMABAD: The US embassy in Islamabad announced the winners of $20,000 in seed grants to participants in the...

Published 28 Aug, 2024 08:02am

Companies

Mobilink Bank partners with oladoc to offer healthcare solution

ISLAMABAD: Mobilink Bank, Pakistan’s leading digital microfinance bank, has partnered with oladoc, a leading...

Updated 28 Aug, 2024 07:59am

South Asia

India police fire tear gas, water cannon at protesters

KOLKATA: Police in India fired tear gas and water cannon on Tuesday as they clashed with thousands of protesters...

Published 28 Aug, 2024 07:55am

Business & Finance

Oman invited to invest in multiple sectors

ISLAMABAD: Pakistan on Tuesday invited Oman to invest in agriculture, minerals and information technology under the...

Published 28 Aug, 2024 07:53am

Taxes

Fair trials: ATIR’s overwhelming caseload threatening taxpayers’ rights

KARACHI: The Appellate Tribunal Inland Revenue (ATIR) is facing an overwhelming caseload and insufficient resources...

Published 28 Aug, 2024 07:51am

Industry

APTPMA demands govt reduce gas, electricity tariffs

LAHORE: Pakistan’s textile industry teeters on the edge of collapse as skyrocketing electricity and gas prices...

Published 28 Aug, 2024 07:49am

Business & Finance

Investment opportunities in Punjab: 13 countries’ honorary CGs meet minister

LAHORE: Honorary Consul Generals of 13 countries met Provincial Minister for Industries and Commerce Chaudhry Shafay...

Published 28 Aug, 2024 07:46am

Opinion

Global Palestine versus global Israel—I

“Poetry after Auschwitz”, Adorno says, is barbaric. But *Consider the darkness and the great cold, /In this vale...

Published 28 Aug, 2024 07:19am

Letters

The success of Army Chief’s Afghan policy

The tone and tenor of the recent interview conducted by the BBC with Zabihullah Mujahid was markedly different from...

Published 28 Aug, 2024 07:14am

Opinion

Mental cost of social media

When joke becomes a reality—a cartoon on a person sitting in an addiction treatment clinic. The doctor is asking him...

Published 28 Aug, 2024 07:06am

Opinion

Languishing losers

The American system is based on competition. Only the ablest and fittest survive, losers are cut to size and left to...

Published 28 Aug, 2024 06:59am

Editorials

Poor performance

EDITORIAL: Although reports on the dismal state of education in this country appear from time to time, a new one...

Published 28 Aug, 2024 06:48am

Editorials

Third-party audit

EDITORIAL: Prime Minister Shehbaz Sharif while presiding over a meeting on electronic procurement, e-acquisition and...

Published 28 Aug, 2024 06:45am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (August 27, 2024) and the forecast for Wednesday (August 28, 2024)...