News Archives for Latest - 2024-10-17

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Archive - 2024-10-17

Life & Style

J-Hope, of South Korea’s BTS, finishes military service

WONJU: K-pop star J-Hope, a member of the supergroup BTS, was discharged from South Korea’s military on Thursday...

Published 17 Oct, 2024 11:58pm

Middle East

Israel foreign minister claims Hamas leader Sinwar is dead

US, Israeli defense chiefs speak amid news of Sinwar's death

Updated 17 Oct, 2024 11:52pm

Europe

Ukraine’s Zelenskiy says North Korean officers deployed alongside Russians

BRUSSELS: Ukraine’s president accused North Korea on Thursday of deploying officers alongside Russia and preparing...

Published 17 Oct, 2024 11:49pm

Sports

Mendis clinches Sri Lanka series win over West Indies

DAMBULLA; Kusal Mendis hit an unbeaten 68 to help clinch Sri Lanka’s first T20 international series win over the...

Updated 17 Oct, 2024 11:43pm

World

Yahya Sinwar, the Hamas leader committed to eradicating Israel

Hamas leader Yahya Sinwar remained unrepentant about the October 7 attacks a year ago, people in contact with him...

Updated 17 Oct, 2024 11:41pm

Pakistan

Punjab govt announces closure of colleges, universities on Friday

The Higher Education Department of the government of Punjab has announced the closure of all public and private...

Updated 17 Oct, 2024 11:25pm

Companies

Pakistan’s Mega Motor secures key partnership with global EV giant BYD

Mega Motor Company (Private) Limited, a subsidiary of The Hub Power Company Limited (HUBCO), has announced a...

Updated 17 Oct, 2024 11:24pm

Europe

Britain joins Europe long-range missile programme

BRUSSELS: Britain is joining a European initiative to develop long-range missiles, UK defence secretary John Healey...

Published 17 Oct, 2024 11:20pm

World

UN rights chief warns Israel against possible Gaza ‘war crime’

UNITED NATIONS: UN human rights chief Volker Turk on Thursday warned Israel that any “large-scale forcible transfer”...

Published 17 Oct, 2024 11:18pm

Business & Economy

SBP predicts 2.5-3.5% growth for FY25, warns of structural challenges

Inefficiencies in energy sector resulted in accumulation of circular debt, says central bank in annual report

Updated 17 Oct, 2024 10:51pm

Currency

Rupee improves slightly against US dollar

Currency settles at 277.79 against greenback in inter-bank market

Updated 17 Oct, 2024 10:34pm

Money & Banking

Bank Alfalah posts over 50% profit surge in 3QCY24

Bank Alfalah saw its consolidated profit jump to Rs13.3 billion during the quarter ended September 30, 2024, which...

Updated 17 Oct, 2024 10:34pm

PM Shehbaz hosts banquet for govt and allied party senators

Published 17 Oct, 2024 10:26pm

Business & Economy

Aurangzeb discusses economic reforms, climate resilience with US envoy

Finance Minister Muhammad Aurangzeb told US Ambassador Donald Blome on Thursday that the government’s macroeconomic...

Updated 17 Oct, 2024 10:19pm

Energy

Oil prices edge lower, US crude stockpiles fall

NEW YORK: Oil prices were down slightly on Thursday as investors waited on developments in the Middle East, while...

Updated 17 Oct, 2024 10:02pm

USA

Where abortion will be on the ballot in the 2024 US elections

Abortion will be on the ballot in 10 U.S. states for the Nov. 5 election, including battleground states that will...

Published 17 Oct, 2024 09:37pm

Forex

SBP-held foreign exchange reserves surpass $11bn after more than 2 years

On weekly basis, dollar stockpile increases $215 million

Updated 17 Oct, 2024 09:09pm

South Asia

Bangladesh court orders arrest warrant for ex-leader Sheikh Hasina

DHAKA: A Bangladeshi court on Thursday ordered an arrest warrant for exiled ex-leader Sheikh Hasina, who fled to...

Updated 17 Oct, 2024 08:56pm

South Asia

India slams ‘cavalier’ Trudeau in Sikh separatist murder row

NEW DELHI: India slammed Canadian Prime Minister Justin Trudeau on Thursday as “cavalier” over his handling of the...

Published 17 Oct, 2024 08:55pm

Stocks

KSE-100 loses 620 points on profit-taking, closes below 86,000

After hitting a record high in the previous session, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index...

Published 17 Oct, 2024 08:38pm

Money & Banking

World Bank’s Banga says more bilateral debt forgiveness needed

WASHINGTON: World Bank President Ajay Banga said on Thursday that bilateral creditors need to provide more debt...

Published 17 Oct, 2024 08:37pm

Pakistan

Punjab govt imposes section 144 across province amid PTI protest call

The Punjab government on Thursday imposed section 144, banning public gatherings for two days across the province....

Published 17 Oct, 2024 08:06pm

Commodities

Another record high: gold prices in Pakistan hit Rs277,900 per tola

Gold prices in Pakistan maintained their upward trajectory on Thursday in line with their increase in international...

Updated 17 Oct, 2024 08:02pm

Europe

Ukraine says Russia to deploy 10,000 North Korean troops

BRUSSELS: Russia is preparing to deploy 10,000 North Korean soldiers in the fight against Kyiv, Ukrainian President...

Published 17 Oct, 2024 07:40pm

Europe

Biden heads to Germany to discuss Ukraine, Middle East

WASHINGTON: US President Joe Biden took off Thursday on a swift farewell trip to Germany, for talks with allies to...

Published 17 Oct, 2024 07:29pm

Stocks

US stocks buoyed by retail data, chip optimism

NEW YORK: Wall Street stocks climbed to start Thursday, boosted by encouraging retail sales data and reassurance...

Published 17 Oct, 2024 07:19pm

Sports

Rohit ‘hurting’ after India bowled out for home Test low of 46

BENGALURU: Skipper Rohit Sharma on Thursday said he was “hurting” after opting to bat first on a seaming pitch as...

Published 17 Oct, 2024 07:18pm

Middle East

Iran warns Israel against retaliation for missile attack

DUBAI/BEIRUT: The commander of Iran’s Revolutionary Guards warned Israel on Thursday against attacking the Islamic...

Published 17 Oct, 2024 06:58pm

Interest Rates

ECB makes back-to-back interest rate cuts as inflation falls

FRANKFURT: The European Central Bank cut interest rates again Thursday, upping the tempo at which it is lowering...

Updated 17 Oct, 2024 06:38pm

Sports

Pakistan sense series-levelling win over England after Sajid heroics

MULTAN: Pakistan were in a strong position to win the second Test and level the series after removing both England...

Updated 17 Oct, 2024 06:35pm

Markets

NLC enhances logistics fleet for efficient cross border transportaion

In response to the increasing trade with regional countries, the National Logistics Corporation (NLC) has enhanced...

Published 17 Oct, 2024 06:22pm

Commodities

Asia rice: India prices hold near 1-year lows, Thai rates rise on steady demand

Rice export prices in India held near their lowest level in more than a year amid a slight improvement in demand,...

Published 17 Oct, 2024 06:12pm

Companies

Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

STOCKHOLM: Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and...

Published 17 Oct, 2024 06:09pm

Sports

New Zealand on top after India bowled out for 46 in rain-hit Test

BENGALURU: New Zealand powered into a lead of 134 after fast bowlers Matt Henry and William O’Rourke combined to...

Updated 17 Oct, 2024 05:30pm

Middle East

345,000 Gazans face ‘catastrophic’ hunger this winter: UN

ROME: Some 345,000 Gazans face “catastrophic” levels of hunger this winter after aid deliveries fell, a UN-backed...

Published 17 Oct, 2024 05:27pm

Middle East

In rare Egypt visit, Iran FM calls for regional calm

CAIRO: Iran’s top diplomat Abbas Araghchi and Egyptian President Abdel Fattah al-Sisi warned against the expansion...

Published 17 Oct, 2024 05:17pm

Sports

Shakib says not returning to Bangladesh over ‘security issue’: media

DHAKA: Retiring ex-skipper Shakib Al Hasan told local media Thursday he was not returning to Bangladesh because of...

Published 17 Oct, 2024 05:08pm

Stocks

Indian shares slip for third straight day as Bajaj Auto’s forecast adds to blues

Indian shares fell for the third straight session on Thursday as motorcycle maker Bajaj Auto’s warning of weak...

Published 17 Oct, 2024 04:44pm

Commodities

Copper at three-week low as funds switch to gold

LONDON: Copper prices fell on Thursday to their lowest in more than three weeks as funds exited industrial metals...

Published 17 Oct, 2024 04:41pm

Commodities

Palm falls on mix trading in rival oils

KUALA LUMPUR: Malaysian palm oil futures closed down on Thursday after rising in the previous session, weighed down...

Published 17 Oct, 2024 04:39pm

Recorder headlines

Published 17 Oct, 2024 04:03pm

Jaishankar wraps up rare visit, heaps praise on hospitality

ISLAMABAD: India’s Minister for External Affairs Subrahmanyam Jaishankar on Wednesday again highlighted the issue of...

Updated 17 Oct, 2024 03:34pm

Trade, industry and energy: Pakistan, Russia agree to pursue robust dialogue

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif and Prime Minister of Russian Federation, Mikhail Mishustin on...

Updated 17 Oct, 2024 03:34pm

Q1FY25: Govt pays off Rs1.2trn domestic debt

KARACHI: The federal government has successfully retired over one trillion rupees in domestic debt borrowed for...

Updated 17 Oct, 2024 03:33pm

KEL governance issues prompt Al-Jomaih to move SECP

ISLAMABAD: The Al Jomaih Group, a prominent Saudi conglomerate, has formally approached the Securities and Exchange...

Updated 17 Oct, 2024 03:33pm

Curbs on workers, experts’ movement: Slowdown hits Dasu hydropower project work: World Bank

Says slowdown due to restrictions on the ground-transportation of international workers and experts from Islamabad to Dasu and shortage of armored vehicles for their movement within the project areas

Updated 17 Oct, 2024 03:32pm

Energy

Saudi Arabia’s crude oil exports in August hit one-year low

Saudi Arabia’s crude oil exports in August fell to their lowest level in a year, data from the Joint Organizations...

Published 17 Oct, 2024 03:27pm

Technology

GITEX GLOBAL: Dubai looks to join league of ‘smart cities’

Role and evolution of ‘smart cities’ was discussed at GITEX GLOBAL 2024 as Dubai remains well on its way to...

Published 17 Oct, 2024 03:16pm

USA

Joe Biden approves $4.5bn in student debt relief as vote nears

WASHINGTON: US President Joe Biden announced Thursday further student debt relief for public servants – amounting to...

Published 17 Oct, 2024 03:10pm

Stocks

UK stocks steady ahead of ECB rate decision; Rentokil caps ex-dividend pressure

The UK’s main stock indexes were steady on Thursday as investors braced for the European Central Bank’s interest...

Published 17 Oct, 2024 02:38pm

Bullion Rate

Gold sprints to record high on US election uncertainty, rate-cut bets

Gold hit an all-time high on Thursday, steered by uncertainty surrounding the US election and expectations of more...

Published 17 Oct, 2024 02:36pm

Sports

Olympic champ Ko three behind leaders at LPGA in South Korea

SEOUL: Olympic gold medallist Lydia Ko shot a five-under-par 67 on Thursday to finish three shots off the lead after...

Published 17 Oct, 2024 01:13pm

World

India’s alleged interference in Canada was ‘horrific mistake,’ Trudeau says

OTTAWA: Canadian Prime Minister Justin Trudeau said on Wednesday India made “a horrific mistake” by thinking it...

Published 17 Oct, 2024 01:08pm

South Asia

India flight from Frankfurt hit with latest fake threat

BENGALURU: The latest in a string of hoax threats made against Indian airlines targeted a flight from Germany, the...

Published 17 Oct, 2024 01:03pm

Technology

Taiwan’s TSMC says full-year revenue forecast to grow nearly 30%

TAIPEI: Taiwan’s TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the...

Published 17 Oct, 2024 12:48pm

Commodities

Dalian iron ore hits over two-week low on higher global supply

SINGAPORE: Dalian iron ore futures prices dropped on Thursday to their lowest in more than two weeks, as higher...

Published 17 Oct, 2024 12:15pm

Forex

China’s yuan steady after housing policy announcement, eyes Q3 GDP

SHANGHAI: China’s yuan held steady against the US dollar as reactions to the country’s housing policy briefing were...

Published 17 Oct, 2024 12:13pm

Business & Finance

UniCredit signs agreement for 500 new jobs, 1,000 voluntary exits

MILAN: UniCredit has signed an agreement with labour unions for the employment of 500 people and 1,000 voluntary...

Published 17 Oct, 2024 11:59am

Europe

Ukraine shoots down 22 Russian drones during overnight attack

KYIV: The Ukrainian military said on Thursday it shot down 22 out of 56 Russian drones during an overnight attack....

Published 17 Oct, 2024 11:55am

Stocks

Australian shares close at record high, boosted by financials

Australian shares notched a record closing high on Thursday, tracking a similar trend on Wall Street, as financials...

Published 17 Oct, 2024 11:53am

Middle East

Israeli strike on Lebanese municipal building kills 16, including mayor

BEIRUT: The mayor of a major town in south Lebanon was among 16 people killed when an Israeli airstrike destroyed...

Published 17 Oct, 2024 11:50am

Sports

Thomas Tuchel appointment raises questions about English coaching, Neville says

The FA’s decision to appoint German Thomas Tuchel as head coach of the national team raises serious questions about...

Published 17 Oct, 2024 11:32am

Commodities

South Korea’s KFA bought 65,000 metric tons corn in private deal

HAMBURG: The Korea Feed Association (KFA) in South Korea purchased about 65,000 metric tons of animal feed corn...

Published 17 Oct, 2024 11:28am

Commodities

Palm weighed down by overnight weakness in Chicago soyoil and crude prices

KUALA LUMPUR: Malaysian palm oil futures inched lower on Thursday, weighed down by weakness in overnight Chicago...

Published 17 Oct, 2024 11:26am

World

Sydney beaches closed due to toxic ‘tar balls’

SYDNEY: Beaches in Sydney including the iconic Bondi were closed to bathers on Thursday after hundreds of black...

Published 17 Oct, 2024 11:22am

Europe

Russia attacks energy infrastructure in Ukraine’s Mykolaiv region overnight, governor says

KYIV: Russian forces attacked energy infrastructure in the southern region of Mykolaiv as they launched 56 drones...

Published 17 Oct, 2024 11:14am

Middle East

Syria state media says Israeli air strike hits Latakia

DAMASCUS: Syrian state media said Thursday an Israeli air strike hit the coastal city of Latakia, targeting a...

Published 17 Oct, 2024 11:08am

Stocks

‘Trump trade’ lifts dollar, Asia stocks await China news

SINGAPORE: Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised...

Published 17 Oct, 2024 10:52am

Life & Style

One Direction singer Liam Payne dead after falling from Buenos Aires hotel balcony

BUENOS AIRES: Former One Direction singer Liam Payne was found dead outside a hotel in Buenos Aires after the...

Published 17 Oct, 2024 10:38am

Forex

Australian dollar gets much needed lift from strong jobs, bond yields rise

SYDNEY: The Australian dollar rebounded from a one-month low and bond yields gained on Thursday after jobs data...

Published 17 Oct, 2024 10:33am

Business & Finance

Dubai’s Emirates NBD posts flat Q3 y/y net profit

DUBAI: Emirates NBD, Dubai’s biggest bank by assets, reported on Thursday flat third-quarter net profit, as an...

Published 17 Oct, 2024 10:30am

Stocks

Indian shares drop as Bajaj Auto’s festive sales warning adds to gloom

Indian shares dropped on Thursday as motorcycle maker Bajaj Auto’s warning of weak festival season sales rippled...

Published 17 Oct, 2024 10:22am

Stocks

Chip stocks drag Nikkei lower ahead of TSMC earnings

TOKYO: Japan’s Nikkei share average declined on Thursday, as investors sold off chip stocks before Taiwan...

Published 17 Oct, 2024 10:17am

Commodities

Corn edges higher after big US export sales

CANBERRA: Chicago corn futures rose on Thursday after US shippers reported their biggest daily export sale in more...

Published 17 Oct, 2024 10:14am

Forex

Dollar hovers near 11-week high, eyes on China property briefing

SINGAPORE: The dollar held near an 11-week high on Thursday as uncertainty over the upcoming US election looms and...

Published 17 Oct, 2024 10:11am

Mutual Funds

India bond yields flat, government’s bond buyback in focus

MUMBAI: Indian government bond yields were flat early in the session on Thursday as traders awaited the government’s...

Published 17 Oct, 2024 10:05am

Technology

ABB raises full year guidance after Q3 profit beats forecasts

ZURICH: Swiss engineering group ABB on Thursday reported better-than-expected operating profit for its third quarter...

Published 17 Oct, 2024 10:01am

Stocks

China stocks flat as property support measures underwhelm markets

SHANGHAI: China stocks were largely flat on Thursday as a lack of fresh stimulus from a closely-watched housing...

Published 17 Oct, 2024 09:59am

Alleged rape incident a fabricated story, insists Punjab CM

LAHORE: Dismissing rumours circulating on social media regarding the alleged on-campus rape of a student in a...

Updated 17 Oct, 2024 09:30am

Returns filed late: LHC directs FBR to form experts’ panel for drafting law

ISLAMABAD: Lahore High Court (LHC) has directed the Federal Board of Revenue (FBR) to constitute a body of experts...

Updated 17 Oct, 2024 09:26am

FBR’s ‘speed money scheme’ exposed by Langrial

KARACHI: Rashid Mahmood Langrial, Chairman Federal Board of Revenue (FBR) revealed widespread corruption within FBR...

Updated 17 Oct, 2024 09:13am

Joint communiqué: SCO urges end to protectionism, trade curbs

ISLAMABAD: The member states of the Shanghai Cooperation Organisation (SCO) have come together to “oppose...

Updated 17 Oct, 2024 09:10am

Pakistan

Security for SCO summit: Businesses, main roads remain closed for third consecutive day

ISLAMABAD: All the businesses and main roads in the twin cities remained closed on Wednesday for the third...

Updated 17 Oct, 2024 09:02am

Export of 0.5m tons of sugar: Banks authorised to process cases

KARACHI: In accordance with federal government directives, the State Bank of Pakistan (SBP) has authorized banks to...

Updated 17 Oct, 2024 09:02am

PPP, PML-N, JUI-F leaders discuss proposed amendment

LAHORE: The top leadership of the Pakistan Peoples Party, Pakistan Muslim League-Nawaz and Jamiat Ulema-i-Islam-Fazl...

Updated 17 Oct, 2024 09:00am

PM stresses for a ‘stable Afghanistan’

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday issued an ominously loud warning shot to Afghanistan to start...

Updated 17 Oct, 2024 08:58am

Pakistan

PPF gives go-ahead to hiring against vacant positions

LAHORE: The Punjab Pension Fund has given the go-ahead for filling vacant positions in the department. The decision...

Updated 17 Oct, 2024 08:51am

Pakistan

KP CM inaugurates low-cost housing scheme under NPHP

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur visited Jalozai in District Nowshera on...

Updated 17 Oct, 2024 08:50am

Companies

Fast Cables champions sustainability at Lahore Biennale Foundation 2024

LAHORE: Fast Cables, Pakistan’s was a proud sponsor of the inaugural session of the Lahore Biennale Foundation...

Updated 17 Oct, 2024 08:41am

World

India-Canada row overshadows growing trade ties, investment

MUMBAI: A diplomatic falling out between India and Canada over allegations that New Delhi was behind the killing of ...

Published 17 Oct, 2024 08:34am

BR’s refresher: your morning briefing for the day

Important updates from October 16, 2024

Published 17 Oct, 2024 08:30am

Pakistan

LHC allows protective bail to Sardar Latif Khosa

LAHORE: The Lahore High Court (LHC) on Wednesday allowed protective bail to PTI MNA Sardar Latif Khosa in a case...

Published 17 Oct, 2024 08:23am

Companies

eTurbo launches fastest, most economical EV motorcycles

KARACHI: eTurbo Motors has set a new benchmark in Pakistan’s electric vehicle (EV) industry with the launch of the...

Updated 17 Oct, 2024 08:16am

Money & Banking

HBL 9M 2024 PBT rises to record Rs85.9bn

KARACHI: HBL on Wednesday declared a consolidated profit before tax (PBT) of Rs 85.9 billion for the first nine...

Published 17 Oct, 2024 08:16am

Pakistan

President summons NA and Senate sessions today

ISLAMABAD: President Asif Ali Zardari has summoned separate sessions of National Assembly and Senate today ...

Published 17 Oct, 2024 08:12am

Companies

UAE, Pak fintech operators sign partnership

KARACHI: The UAE-based fintech, Codebase Technologies, announced its strategic partnership with Pakistani fintech,...

Published 17 Oct, 2024 08:05am

Energy

Power supply normalised at Dhabeji Station: KE

KARACHI: A technical fault at Dhabeji Pumping Station caused a disruption in power supply. K-Electric teams were...

Published 17 Oct, 2024 08:02am

Europe

Zelensky rules out ceding Ukrainian land in Victory Plan

KYIV: Ukrainian President Volodymyr Zelensky on Wednesday unveiled his long-awaited Victory Plan to end Russia’s...

Published 17 Oct, 2024 08:01am

World

Turkey shuts down radio station in Armenia genocide row

ISTANBUL: After more than 30 years on air, Istanbul’s Acik radio fell silent on Wednesday after the station was...

Published 17 Oct, 2024 07:58am

Middle East

Egypt’s Sisi replaces head of intelligence agency

CAIRO: Egypt’s President Abdel Fattah al-Sisi named Major General Hassan Mahmoud Rashad as head of the powerful...

Published 17 Oct, 2024 07:53am

World

Musk donates almost $75m to Trump’s presidential cause

WASHINGTON: Billionaire Elon Musk has donated almost $75 million to the political action committee he created to...

Published 17 Oct, 2024 07:50am

Middle East

Middle East crisis top-of-mind at first EU-Gulf summit

BRUSSELS: Gulf leaders including Saudi Crown Prince Mohammed bin Salman met with European heads of state and...

Published 17 Oct, 2024 07:48am

World

Macron riles Netanyahu with jab on Israel’s creation

PARIS: French President Emmanuel Macron has further strained tense relations with Israel with a comment referring o...

Published 17 Oct, 2024 07:40am

Middle East

UNRWA chief warns of ‘real risk’ of Gaza famine

BERLIN: The head of the UN agency for Palestinian refugees warned Wednesday of the risk of famine in Gaza, a day...

Updated 17 Oct, 2024 07:43am

Europe

Israeli booths, equipment barred from defence show in France

PARIS: Israeli delegations taking part in the major Euronaval defence show in France next month will not be ...

Published 17 Oct, 2024 07:38am

Taxes

Probe into burdening taxpayers: FBR fails to timely submit comments before FTO

ISLAMABAD: The Federal Board of Revenue (FBR) has failed to timely submit comments before the Federal Tax Ombudsman...

Updated 17 Oct, 2024 07:33am

Money & Banking

9 months of 2024: Soneri Bank announces PAT growth of 13.80pc YoY

KARACHI: The Board of Directors of Soneri Bank Limited, in their 207th meeting held in Karachi on 16th October 2024,...

Published 17 Oct, 2024 07:32am

Pakistan

Tribe ends sit-in; Torkham road reopened

PESHAWAR: Kuki Khel tribe of district Khyber after getting assurance from the KP Chief Minister Ali Amin Khan...

Published 17 Oct, 2024 07:06am

Sports

Gaddafi Stadium transformation in full swing

LAHORE: The Pakistan Cricket Board (PCB) hosted a detailed media walk-through of Gaddafi Stadium’s ongoing massive...