News Archives for Latest - 2024-10-01

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Archive - 2024-10-01

Technology

TRG Pakistan incurs loss of Rs30.8bn in FY24

TRG Pakistan Limited reported its financial results for the year ended 30th June 2024, with a loss after tax of...

Updated 16 Jan, 2026 01:15pm

USA

Iran launches salvo of ballistic missiles at Israel, warns against response

Israel military says Iran attack will have consequences

Updated 01 Oct, 2024 11:40pm

Middle East

At least 6 killed, 9 wounded in shooting attack in Israel’s Jaffa: Israeli police

JERUSALEM: At least six people were killed and nine wounded in a suspected shooting and stabbing attack in Tel Aviv...

Updated 01 Oct, 2024 11:37pm

Stocks

KSE-100 sees buying momentum over expectations of key policy rate cut

Buying momentum was seen at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 Index closed the...

Updated 01 Oct, 2024 09:45pm

Pakistan

Article 63A review plea: hearing adjourned as CJP says ruling may impact no-confidence motions

Justice Naeem Akhtar Afghan replaces Justice Munib Akhtar

Updated 01 Oct, 2024 09:44pm

Stocks

European shares close lower on growing fears of Iran attack on Israel

European shares reversed initial gains to close lower on Tuesday, as investors moved out of riskier assets amid...

Published 01 Oct, 2024 09:43pm

Stocks

Oil stocks support FTSE 100, midcaps tumble as Iran attack report spooks markets

The UK’s benchmark FTSE 100 rose on Tuesday, with gains primarily driven by the energy sector, as investors worried...

Published 01 Oct, 2024 09:40pm

Energy

Oil prices jump 4% on reports Iran preparing to attack Israel

Oil prices jumped about 4% on Tuesday following reports Iran was preparing to launch a missile attack on Israel....

Updated 01 Oct, 2024 09:36pm

Stocks

Wall St slides as Middle East tensions intensify; jobs data assessed

Wall Street’s main indexes slid on Tuesday as investors turned risk-averse following reports of geopolitical...

Published 01 Oct, 2024 08:16pm

Companies

Siddiqsons rolls back tin mill project owing to economic challenges, rising cost

Siddiqsons Tin Plate Limited (STPL) said on Tuesday that it has decided to roll back the Tin Mill Black Plate (TMBP)...

Updated 01 Oct, 2024 07:48pm

Companies

Apple may need to turn to China after Indian Tata plant fire, sources say

BENGALURU: Extensive damage from a fire at Tata Group’s Apple iPhone component plant in southern India could hamper...

Published 01 Oct, 2024 07:48pm

Markets

Lowest reading since Jan 2021: inflation in Pakistan clocks in at 6.9% in September 2024

Reading also lower than market expectations that put figure in range of 7.5-8%

Updated 01 Oct, 2024 07:47pm

Markets

E-Turbo Motors sees growth in Pakistan’s electric vehicle market

Sheikh Osama Nadeem, CEO of E-Turbo Motors, said his company is working to establish a foothold in Pakistan’s...

Published 01 Oct, 2024 07:26pm

Money & Banking

Deposit protection: guarantee amount doubled to Rs1mn from Rs500,000

The Deposit Protection Corporation (DPC) on Tuesday increased the guarantee amount for all eligible depositors of...

Published 01 Oct, 2024 06:54pm

Europe

Erdogan says Israel will be stopped ‘sooner or later’

ANKARA: Turkiye’s President Recep Tayyip Erdogan on Tuesday condemned Israel’s ground operation in Lebanon and urged...

Published 01 Oct, 2024 06:44pm

Middle East

Israel launches ground operations in Lebanon with ‘limited’ raids on Hezbollah

BEIRUT: Israel said its troops had launched raids inside Lebanon on Tuesday, starting its widely expected ground...

Updated 01 Oct, 2024 06:36pm

South Asia

South Korea unveils ‘monster missile’ at revived annual military parades

SEOUL: South Korea showcased a ballistic missile capable of carrying an eight-ton warhead and featured a flypast of...

Published 01 Oct, 2024 06:33pm

Exchange

Rupee largely unchanged against US dollar

Currency settles at 277.69 against greenback in inter-bank market

Updated 01 Oct, 2024 06:31pm

Middle East

Israeli airstrikes kill at least 37, including women and children, in Gaza

CAIRO: Israeli airstrikes killed at least 37 people in Gaza on Tuesday, local medics said and fighting ramped up, as...

Updated 01 Oct, 2024 06:25pm

Commodities

Gold price per tola decreases Rs600 in Pakistan

Gold prices in Pakistan maintained a downward trajectory on Tuesday in line with their decrease in the international...

Updated 01 Oct, 2024 06:22pm

Fire engulfs in a solar panel warehouse in Karachi’s Hawkes Bay area

A solar panel warehouse caught fire in Karachi’s Hawkes Bay area on Tuesday. Rescue teams, along with more than 8...

Published 01 Oct, 2024 06:19pm

Europe

New NATO boss Rutte pledges support for Ukraine, plays down Trump fears

BRUSSELS: NATO’s new chief Mark Rutte voiced strong support for Ukraine on Tuesday and said he was not worried about...

Published 01 Oct, 2024 06:18pm

Middle East

KLM halts all flights to Tel Aviv until the end of the year

AMSTERDAM: Dutch airline KLM has suspended all flights to Tel Aviv until the end of this year at least, the Dutch...

Published 01 Oct, 2024 06:13pm

Middle East

Israel strikes three anti-aircraft radar stations in southern Syria

AMMAN: Israel has struck at least three anti-aircraft radar stations in southern Syria, including one stationed in a...

Published 01 Oct, 2024 06:08pm

Federal Interior Minister Mohsin Naqvi meets JUI-F Chief Maulana Fazal ur Rehman

Published 01 Oct, 2024 05:53pm

Europe

Russia calls on Israel to withdraw troops from Lebanon

MOSCOW: Russia on Tuesday called on Israel to withdraw troops from Lebanon, warning that the attack would lead to a...

Published 01 Oct, 2024 05:15pm

Stocks

Indian shares end flat as IT offsets energy losses

Indian equities swung between mild gains and losses before ending little changed on Tuesday, as profit booking,...

Published 01 Oct, 2024 04:43pm

Stocks

Sri Lanka shares end higher as industrials, financials gain

CSE All-Share index settled 1.16% higher at 11,992.91

Published 01 Oct, 2024 04:41pm

Commodities

Copper and aluminium rebound in thin Chinese holiday trade

LONDON: Prices of copper and aluminium rose on Tuesday as economic stimulus measures by top metals consumer China...

Published 01 Oct, 2024 04:39pm

Commodities

Palm bounces back on Indonesia’s October reference price hike

KUALA LUMPUR: Malaysian palm oil futures ended higher on Tuesday, bouncing back after two consecutive sessions of...

Published 01 Oct, 2024 04:37pm

Recorder headlines

Published 01 Oct, 2024 04:00pm

Middle East

Syria state media says 3 civilians killed in Israel strikes

DAMASCUS: Syrian state media said three civilians were killed in Israeli air strikes on Damascus early Tuesday and...

Published 01 Oct, 2024 03:04pm

Forex

Russian rouble down vs US dollar after September weakness

MOSCOW: The Russian rouble weakened further against the US dollar and was flat against China’s yuan on Tuesday as...

Published 01 Oct, 2024 02:25pm

Stocks

European shares steady ahead of key regional inflation data

European shares were largely steady on Tuesday ahead of key inflation data for the region later in the day. The...

Published 01 Oct, 2024 02:24pm

Movies & Music

Bollywood star Govinda hospitalised after shooting himself in the leg

Bollywood actor Govinda was hospitalised after sustaining injuries in his leg following an accidental shooting in...

Published 01 Oct, 2024 02:18pm

Sports

Yashasvi Jaiswal leads India to remarkable victory in rain-hit Bangladesh Test

KANPUR: Yashasvi Jaiswal smashed 51 on Tuesday as India pulled off a remarkable seven-wicket victory over Bangladesh...

Updated 01 Oct, 2024 02:00pm

Companies

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

South Asia

15 killed in Iran flash flood: new toll

TEHRAN: A flash flood that swept through a southern city of Iran killed 15 people, state media reported on Tuesday,...

Published 01 Oct, 2024 01:57pm

Energy

UAE oil giant ADNOC to buy German chemicals firm for 12bn euros

FRANKFURT: German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates...

Published 01 Oct, 2024 01:55pm

Travel

Around the world in three-and-a-half-years: Passengers set for inaugural voyage

Voyage will last 1,301 days, visiting all seven continents and stopping at 425 ports

Published 01 Oct, 2024 01:54pm

Europe

Russian strike on Ukraine’s Kherson kills seven

KYIV: A Russian strike on the centre of the southern Ukrainian city of Kherson killed seven people on Tuesday, the...

Published 01 Oct, 2024 01:54pm

Europe

Lufthansa extends suspension of Beirut flights

FRANKFURT: German airline group Lufthansa said Tuesday it had extended its suspension of flights to Beirut and Tel...

Published 01 Oct, 2024 01:52pm

Stocks

London shares muted; luxury stocks slip

The UK’s benchmark FTSE 100 was little changed on Tuesday, as losses in luxury stocks offset gains in precious metal...

Published 01 Oct, 2024 01:44pm

Middle East

UN agency says seeking over $400mn to help displaced Lebanese

BEIRUT: Lebanon’s prime minister and the UN humanitarian agency on Tuesday said they were launching an appeal for...

Published 01 Oct, 2024 01:39pm

Sports

Bologna living the dream with Champions League clash at Liverpool

MILAN: Bologna face their biggest match in 60 years on Wednesday when they take on Liverpool at Anfield, the sort of...

Published 01 Oct, 2024 12:58pm

Europe

Mark Rutte takes reins at NATO as US vote looms

BRUSSELS: Former Dutch prime minister Mark Rutte takes over as NATO’s secretary general on Tuesday as the Western...

Published 01 Oct, 2024 12:54pm

USA

With 130 dead from Hurricane Helene, Biden defends US government response

VALDOSTA: The death toll from a devastating storm that battered the southeastern United States climbed to at least...

Published 01 Oct, 2024 12:46pm

Life & Style

Major League Eating: the sport of stuffing your face

TRENTON: Each man gobbled up 44 pork rolls in 10 minutes, but it was the last bite that earned one of them the...

Published 01 Oct, 2024 12:39pm

South Asia

India police detain top activist after month-long climate march

NEW DELHI: An Indian environmental activist was detained by police outside New Delhi at the end of a month-long...

Published 01 Oct, 2024 12:30pm

Sports

Defiant history-maker Zhang Shuai powers into Beijing last eight

BEIJING: The 595th-ranked Zhang Shuai added another chapter to her renaissance as she rolled into the quarter-finals...

Published 01 Oct, 2024 12:24pm

Life & Style

Coldplay ticket scalping fiasco sparks backlash in India

MUMBAI: British rock band Coldplay’s upcoming tour of India has triggered a police investigation and dismayed fans...

Published 01 Oct, 2024 12:21pm

Companies

Standard Chartered Pakistan awarded Hoechst Pakistan’s cash management mandate

KARACHI: Standard Chartered Bank Pakistan and Hoechst Pakistan signed a Memorandum of Understanding (MoU) at the SC...

Updated 01 Oct, 2024 12:15pm

World

UN nuclear agency says its chief to visit Belarus on Tuesday

UN nuclear agency chief Rafael Grossi will go to Belarus on Tuesday for high-level talks in Minsk and to visit the...

Published 01 Oct, 2024 12:08pm

Recorder headlines

Published 01 Oct, 2024 12:06pm

Asia

Sri Lanka to discuss IMF deal framework during October meetings in Washington

COLOMBO: Sri Lanka will have deeper talks with the International Monetary Fund on the framework of a $2.9 billion...

Published 01 Oct, 2024 12:03pm

Commodities

Palm up on Indonesia’s October reference price hike

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday after two consecutive sessions of declines as Indonesia’s...

Published 01 Oct, 2024 11:59am

Bullion Rate

Gold off record highs as Fed’s Powell signals smaller rate cuts

Gold prices were hovering below recent record peaks on Tuesday after the US Federal Reserve chair tempered...

Published 01 Oct, 2024 11:54am

Mutual Funds

JGB yields flat as market sees BOJ’s meeting summary as dovish

TOKYO: Yields on short maturity Japanese government bonds were flat on Tuesday as the market confirmed the Bank of...

Published 01 Oct, 2024 11:47am

South Asia

Junior doctors in India’s Kolkata resume full strike, disappointed with top court’s ruling

NEW DELHI: Junior doctors in India’s West Bengal state resumed their full strike on Tuesday, complaining that the...

Published 01 Oct, 2024 11:21am

Technology

Meta says it will expand production of mixed reality headsets in Vietnam

HANOI: Meta Platforms said on Tuesday it will expand investment in artificial intelligence innovation in Vietnam,...

Published 01 Oct, 2024 11:13am

Europe

Ukraine’s defence minister says he requested dismissal of three deputies

KYIV: Ukraine’s Defence Minister Rustem Umerov said on Tuesday he has submitted to the government a request to...

Published 01 Oct, 2024 11:09am

Europe

Ukraine downs 29 Russian drones in overnight attack

KYIV: Ukraine’s military shot down 29 out of 32 drones launched by Russia during an overnight attack, Kyiv’s air...

Published 01 Oct, 2024 11:05am

Business & Finance

Indonesian inflation at 1.84% in September, lowest rate since 2021

JAKARTA: Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price...

Published 01 Oct, 2024 11:02am

Commodities

Thailand tenders for about 180,000 T feed wheat, traders say

HAMBURG: A group of importers in Thailand has issued an international tender to purchase an estimated 180,000 metric...

Published 01 Oct, 2024 10:59am

Forex

Australian dollar in demand as upbeat data lessens rate risks

SYDNEY: The Australian and New Zealand dollars hovered near multi-month highs on Tuesday as upbeat domestic data...

Published 01 Oct, 2024 10:49am

Stocks

Australian shares retreat as miners and banks fall

Australian shares fell on Tuesday after three straight sessions of gains, dragged by index heavyweights mining and...

Published 01 Oct, 2024 10:41am

Mutual Funds

India 10-year bond yield glued to 6.75% at start of fiscal second half

MUMBAI: Indian government bond yields were largely unchanged at the start of the second half of the fiscal year,...

Published 01 Oct, 2024 10:38am

Stocks

Indian shares open higher; IT stocks lead

BENGALURU: Indian shares opened higher on Tuesday, led by information technology stocks, while auto stocks rose as...

Published 01 Oct, 2024 10:23am

Companies

Qatar Airways buys into Virgin Australia, raising the stakes against Qantas

SYDNEY: Qatar Airways will buy a 25% stake in Virgin Australia from US private equity firm Bain Capital, posing a...

Published 01 Oct, 2024 10:21am

Stocks

Japan’s Nikkei rises, defence stocks shine as Ishiba set to become next PM

TOKYO: Japan’s Nikkei share average rose more than 1% on Tuesday, led by defence stocks as former defence minister...

Published 01 Oct, 2024 10:17am

Stocks

Asian stocks ease, dollar firms as traders ponder US rates

SINGAPORE: Asian stocks eased near two-and-half-year highs on Tuesday and the US dollar firmed following hawkish...

Published 01 Oct, 2024 10:15am

Forex

Dollar sturdy after Powell pushes back on aggressive easing bets

TOKYO: The US dollar firmed against its major peers on Tuesday after Federal Reserve Chair Jerome Powell pushed back...

Published 01 Oct, 2024 10:07am

Agriculture posts 6.76pc growth in Q4FY24: NAC

Pakistan’s economy posts a stable growth of 3.07 percent during the fourth quarter of financial year 2023-24

Updated 01 Oct, 2024 09:30am

Business & Finance

Bids amounting to Rs351bn accepted: Govt conducts buyback auction of MTBs

KARACHI: In a historical move, the federal government conducted the buyback auction of Market Treasury Bills (MTBs)...

Updated 01 Oct, 2024 09:27am

Ministry opposes solarisation of Balochistan tubewells

ISLAMABAD: The Ministry of Water Resources has opposed solarisation of agriculture tubewells in Balochistan due to...

Updated 01 Oct, 2024 09:26am

BR Research

Bannu Woolen Mills Limited

Bannu Woolen Mills Limited (PSX: BNWM) was incorporated in Pakistan as a public limited company in 1960. It was...

Published 01 Oct, 2024 09:22am

Tax return deadline extended till 14th

ISLAMABAD: The Federal Board of Revenue (FBR) has finally extended last date for filing of income tax returns up to...

Updated 01 Oct, 2024 09:21am

Sports

PCB made Rs16.386m ‘illicit’ payments to BoG members: AGP

ISLAMABAD: The Auditor General of Pakistan (AGP) has observed that Pakistan Cricket Board (PCB) made unauthorised...

Updated 01 Oct, 2024 09:20am

BR Research

Missing billionaires

A new wave of billionaires is emerging from the East, but Pakistan has not been as fortunate in this regard. Based...

Published 01 Oct, 2024 09:10am

Significant rise in LPG prices

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) announced a significant increase in Liquefied Petroleum Gas...

Updated 01 Oct, 2024 08:56am

ADB fields mission to pace up projects, reforms

ISLAMABAD: The Asian Development Bank (ADB) has fielded a Mission to Islamabad from September 30 to October 18, 2024...

Updated 01 Oct, 2024 08:56am

NHA raising toll taxes from today

ISLAMABAD: The National Highways Authority (NHA) has increased toll taxes significantly on highways and motorways,...

Updated 01 Oct, 2024 08:55am

Minimum tax payment: KE’s fuel cost, subsidy recoveries should be treated as turnover: SHC

ISLAMABAD: Sindh High Court (SHC) Monday ruled that the subsidy and fuel cost recovered by Karachi Electric Supply...

Updated 01 Oct, 2024 08:53am

Rs87bn short of target: Q1 collection stands at Rs2.452trn

ISLAMABAD: Despite taxation measures of Rs 1,800 billion in the budget (2024-25), the Federal Board of Revenue (FBR)...

Updated 01 Oct, 2024 08:52am

Pakistan

Toshakhana-II case: Court rejects bail pleas of IK, Bushra

ISLAMABAD: A special court, on Monday, rejected Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan and his...

Updated 01 Oct, 2024 08:52am

BR Research

IT exports on a rise

IT exports have been steadily rising, with FY24 total exports reaching $3.2 billion, a 24 percent year-on-year...

Published 01 Oct, 2024 08:50am

BR’s refresher: your morning briefing for the day

Important updates from September 30, 2024

Published 01 Oct, 2024 08:48am

Industry

FCCI formally launch ‘Cyberabad’ project

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) has formally launched the much awaited...

Published 01 Oct, 2024 07:29am

Industry

Jawed Bilwani elected KCCI president

KARACHI: Muhammad Jawed Bilwani, Zia ul Arfeen and Faisal Khalil were elected as President, Senior Vice President ...

Published 01 Oct, 2024 07:44am

Industry

KATI office-bearers elected unopposed

KARACHI: Junaid Naqi, Ejaz Ahmed Sheikh and Syed Tariq Hussain has been elected unopposed as President, Senior Vice...

Published 01 Oct, 2024 07:43am

World

12 Tunisians dead as boat capsizes off Djerba

TUNIS: At least 12 Tunisians including three children were found dead after a migrant boat capsized off the coast of...

Published 01 Oct, 2024 07:41am

South Asia

Garment workers’ protests leave one dead in Bangladesh

DHAKA: A garment worker was shot dead and at least 20 others were injured on Monday in a violent clash between...

Published 01 Oct, 2024 07:40am

Business & Finance

China’s factory, service sectors skid, emboldening stimulus calls

BEIJING: China’s factory activity shrank for a fifth straight month and the services sector slowed sharply in...

Updated 01 Oct, 2024 07:35am

Industry

APTMA chief underscores need for reducing electricity tariffs, restoring RCET

LAHORE: Newly-elected Chairman All Pakistan Textile Mills Association (APTMA) Kamran Arshad has urged policymakers ...

Published 01 Oct, 2024 07:34am

Pakistan

PTI says it won’t seek NOC from govt for holding rally in future

LAHORE: Opposition leader in the Punjab Assembly Malik Ahmed Khan Bhachar has said that the Pakistan Tehreek-e-Insaf...

Updated 01 Oct, 2024 07:33am

Pakistan

Lease terms of Gymkhana Club: Punjab PA convenes special public committee hearing

LAHORE: In a significant move towards transparency and accountability, the Punjab Assembly convened a special public...

Published 01 Oct, 2024 07:31am

Industry

LCCI chief, others take oath

LAHORE: The newly-elected President of Lahore Chamber of Commerce and Industry Mian Abu Zar Shad, Senior Vice...

Updated 01 Oct, 2024 07:30am

Pakistan

LHC takes strict action against three officers

LAHORE: The Lahore High Court (LHC) Chief Justice Aalia Neelum has taken strict action against three judicial...

Published 01 Oct, 2024 07:29am

Opinion

Unending conflict

Israel’s assassination of Hezbollah chief Sayyed Hassan Nasrullah along with 20 of his commanders in a strike in...

Updated 01 Oct, 2024 07:24am

Opinion

The investment slump

The year, 2023-24, has witnessed the lowest ever level of fixed investment in Pakistan. It is estimated at 11.4% of...

Updated 01 Oct, 2024 07:21am

Editorials

Afghanistan’s self-created isolation

EDITORIAL: Nobody expected the threat of multinational legal action at the ICJ (International Court of Justice) over...

Updated 01 Oct, 2024 07:17am

Editorials

Disarray in the energy sector

EDITORIAL: In yet another indicator of the mess that is the country’s energy sector, power regulator Nepra has...

Updated 01 Oct, 2024 07:16am

Supplements

75th National Day of China: Messages from Jiang Zaidong

TEXT: Ambassador Extraordinay and Plenipotentiary of the People's Republic of China to the Islamic Republic of...