News Archives for Latest - 2024-10-22

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Archive - 2024-10-22

World

Iran, Saudi plan joint military exercises: Iranian media

TEHRAN: Iran and Saudi Arabia are planning to conduct joint military exercises in the Red Sea, according to an...

Published 22 Oct, 2024 11:52pm

Pakistan

26th Constitutional Amendment will prove to be a milestone for Pakistan’s stability: PM

Prime Minister Shehbaz Sharif said that the 26th Constitutional Amendment, a judiciary-related constitutional...

Updated 22 Oct, 2024 11:29pm

Pakistan

Special Parliamentary Committee nominates Justice Yahya Afridi as next CJP: Tarar

PTI-SIC boycotts nomination process

Updated 22 Oct, 2024 11:29pm

Business & Economy

Pakistan’s accelerated access to capital markets: Alvarez & Marsal team outlines steps

Alvarez & Marsal team has outlined steps for Pakistan to chart an accelerated path to international capital...

Updated 22 Oct, 2024 11:29pm

Markets

Stay the course on reforms, IMF urges Pakistan

Remarks come as Pakistan delegation meets Middle East and Central Asia Department (MCD) Director Jihad Azour on sidelines of IMF, World Bank annual meetings in Washington

Updated 22 Oct, 2024 10:53pm

Markets

‘No change for consumers’: generation tariff approved for KE power plants post-June 2023

The National Electric Power Regulatory Authority (NEPRA) has approved generation tariff for K-Electric Limited (KEL)...

Updated 22 Oct, 2024 10:53pm

Pakistan

Pakistan, India extend agreement on Kartarpur Corridor for another five years

Extension will ensure uninterrupted operation of corridor for use by pilgrims from India to visit Gurdwara Darbar Sahib Kartarpur in Pakistan, Islamabad says

Updated 22 Oct, 2024 10:50pm

Europe

Putin thanks UAE president for role in prisoner exchange

MOSCOW: Russian President Vladimir Putin on Sunday thanked his UAE counterpart Sheikh Mohamed bin Zayed Al Nahyan...

Published 22 Oct, 2024 10:47pm

Energy

Going green: Lucky Cement completes 28.8MW wind power project

Lucky Cement, one of Pakistan’s largest manufacturers of the commodity, completed and commissioned the 28.8MW...

Updated 22 Oct, 2024 10:40pm

Energy

Oil rises as Middle East war rages, traders focus on falling inventories

NEW YORK: Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle...

Updated 22 Oct, 2024 09:54pm

Europe

US to impose ‘strong new sanctions’ aimed at Russia: Yellen

WASHINGTON: The United States is set to announce “strong new sanctions” as early as next week, with targets...

Published 22 Oct, 2024 09:20pm

South Asia

Heavy rain creates havoc in India’s tech hub Bengaluru again

BENGALURU: Parts of India’s tech capital Bengaluru were flooded on Tuesday after heavy overnight rain, and a number...

Published 22 Oct, 2024 09:19pm

Sports

Afghanistan include uncapped Atal for Bangladesh ODIs

KABUL: Afghanistan selectors on Tuesday named prolific opener Sediqullah Atal in their 19-man squad for next month’s...

Published 22 Oct, 2024 09:16pm

South Asia

Bangladesh students decry surge in violence against women

DHAKA: Crowds of Bangladeshi female students marched in Dhaka with burning torches late Tuesday, demanding the...

Published 22 Oct, 2024 09:10pm

South Asia

India, Pakistan arrest farmers for burning crop waste as pollution rises

NEW DELHI: At least 16 farmers have been arrested in India’s northern state of Haryana for illegally burning paddy...

Published 22 Oct, 2024 08:23pm

Stocks

KSE-100 extends gain to close at fresh record high

Pakistan stocks have been on a red-hot rally on account of improving economic indicators, some level of political stability

Updated 22 Oct, 2024 08:23pm

Sports

Quaid-e-Azam Trophy begins from October 26

Pakistan’s premier first-class tournament Quaid-e-Azam Trophy will begin from October 26 in various cities. A total...

Published 22 Oct, 2024 07:31pm

Europe

IMF cuts forecasts for German economy this year and next

BERLIN: The German economy is expected to stagnate this year, the International Monetary Fund said on Tuesday,...

Published 22 Oct, 2024 07:28pm

Europe

IMF raises UK’s 2024 GDP growth forecast as Reeves readies budget

WASHINGTON: The International Monetary Fund on Tuesday raised its forecast for British economic growth this year,...

Published 22 Oct, 2024 07:25pm

Stocks

US stocks dip amid valuation concerns

NEW YORK: Wall Street stocks retreated early Tuesday amid concerns over lofty equity valuations as markets digested...

Published 22 Oct, 2024 07:24pm

South Asia

IMF chief economist says lack of domestic demand fuels China’s export growth

WASHINGTON: China’s industrial policy may be tipping the scales in some specific industries, but it is not the root...

Published 22 Oct, 2024 07:19pm

South Asia

IMF cuts Japan’s growth forecast, projects rebound in 2025

TOKYO: The International Monetary Fund (IMF) on Tuesday cut this year’s economic growth forecast for Japan, but...

Published 22 Oct, 2024 07:13pm

Middle East

IMF lowers Saudi Arabia’s 2024 growth forecast to 1.5%

ABU DHABI: The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5%...

Published 22 Oct, 2024 07:06pm

Stocks

Gulf bourses end lower on geopolitical tensions

Stock markets in the Gulf ended lower on Tuesday as geopolitical tension gripped the region and corporate earnings...

Published 22 Oct, 2024 06:58pm

World

IMF lifts US growth forecast but marks down China; sees lackluster global economy

WASHINGTON: The International Monetary Fund on Tuesday raised its 2024 economic growth forecasts for the U.S.,...

Published 22 Oct, 2024 06:52pm

Currency

Rupee sees marginal decline against US dollar

Currency settles at 277.74 level against greenback in inter-bank market

Updated 22 Oct, 2024 06:41pm

Middle East

Israeli strike kills 13 including child near south Beirut hospital

BEIRUT: Lebanon’s health ministry on Tuesday said 13 people, including a child, were killed in an Israeli strike...

Updated 22 Oct, 2024 06:40pm

South Asia

US pressures India for quick accountability in Sikh separatist murder plot

WASHINGTON: US officials have told their Indian counterparts they want a speedy result and more accountability after...

Published 22 Oct, 2024 06:03pm

Sports

Pitched battle: Pakistan, England eye Test-deciding surface

RAWALPINDI: The pitch for the series-deciding Test between Pakistan and England in Rawalpindi was being scrutinised...

Published 22 Oct, 2024 05:46pm

Luxury

Luxury brand Chanel to sponsor Oxford and Cambridge Boat Race

LONDON: French luxury brand Chanel will sponsor Britain’s historic Oxford and Cambridge Boat Race next year in the...

Published 22 Oct, 2024 05:41pm

Middle East

Lebanon’s Hezbollah says there will be no negotiations during fighting

BEIRUT: Lebanon’s Hezbollah said on Tuesday that there will be no negotiations while fighting continues, and that it...

Published 22 Oct, 2024 05:23pm

Stocks

Sri Lankan shares end little changed

CSE All-Share index settled 0.08% lower at 12,300.02 points

Published 22 Oct, 2024 05:17pm

Sports

India hopeful on Rishabh Pant’s fitness for second Test

PUNE: India remain hopeful that Rishabh Pant will be wicketkeeper in the second Test against New Zealand after...

Published 22 Oct, 2024 05:15pm

Luxury

Prices from $41,243 to $88,378: Patek Philippe’s first new collection in 25 years

Patek Philippe released a new collection, the Cubitus, announced the luxury Swiss watchmaker earlier, a development...

Published 22 Oct, 2024 05:15pm

Middle East

War has knocked Gaza back to the 1950s, UNDP says

BERLIN: The war between Israel and Hamas has devastated the Palestinian economy and left nearly all of Gaza’s...

Published 22 Oct, 2024 05:14pm

Stocks

Stock markets diverge tracking US outlook

LONDON: Europe’s main stock markets dropped Tuesday after gains for Chinese indices, as traders sought to ascertain...

Published 22 Oct, 2024 05:12pm

Sports

Bangladesh battle at 101-3 as South Africa threaten innings defeat

MIRPUR: Bangladesh were battling to save the first Test against South Africa on Tuesday after reaching 101-3 at...

Updated 22 Oct, 2024 05:09pm

Europe

Ukraine not asking West for nuclear weapons: Zelensky

KYIV: Ukraine is not requesting nuclear weapons from Western partners to defend itself against Russia, President...

Published 22 Oct, 2024 05:06pm

Movies & Music

Harvey Weinstein diagnosed with bone marrow cancer: US media

NEW YORK: Disgraced Hollywood movie producer Harvey Weinstein has been diagnosed with a form of bone marrow cancer,...

Published 22 Oct, 2024 04:54pm

Stocks

Indian benchmarks log worst session in three weeks; small-, mid-caps underperform

Indian shares posted their biggest single-day drop in about three weeks on Tuesday, weighed down by slowing...

Published 22 Oct, 2024 04:48pm

Commodities

Aluminium rallies on record high raw material prices

LONDON: Aluminium prices rose on Tuesday as the cost of raw material alumina set a record high, increasing...

Published 22 Oct, 2024 04:46pm

Commodities

Palm oil surges more than 2% on stronger rival oils

KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Tuesday, boosted by strength in rival oils. The...

Published 22 Oct, 2024 04:44pm

Europe

As poor nations’ default wave peaks, cash shortage could take its place

LONDON: The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka...

Updated 22 Oct, 2024 04:31pm

Recorder headlines

Published 22 Oct, 2024 04:16pm

South Asia

Indian troops kill five Maoist rebels

NEW DELHI: Indian commandos shot dead five Maoist rebels in the dense jungles of central India, police said Tuesday,...

Published 22 Oct, 2024 02:45pm

Technology

Apple CEO visits China for second time this year as sales slump

BEIJING: Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US...

Published 22 Oct, 2024 02:38pm

World

King Charles caps Australia trip with Opera House bash

SYDNEY: King Charles III greeted throngs of admirers under the sails of the Sydney Opera House on Tuesday, the...

Published 22 Oct, 2024 02:34pm

Europe

Poverty rate in Palestinian territories seen doubling to 74.3% this year: UN

GENEVA: The poverty rate across the Palestinian territories will almost double this year to 74.3 percent after...

Published 22 Oct, 2024 02:26pm

Middle East

Iran says neighbours won’t allow use of their ‘soil or airspace’ for attack

KUWAIT CITY: Iran’s neighbours have pledged they will not allow the use of their “soil or airspace” for any attack,...

Published 22 Oct, 2024 02:09pm

Sports

Xander Schauffele targets more success in Japan after major breakthroughs

INZAI: Xander Schauffele said Tuesday that winning at this week’s Zozo Championship in Japan would be the “cherry on...

Published 22 Oct, 2024 02:06pm

Forex

Australia, NZ dollars pinned near multi-month lows as US yields surge

SYDNEY: The Australian and New Zealand dollars were stuck near multi-month lows on Tuesday as higher Treasury yields...

Published 22 Oct, 2024 12:48pm

Europe

Shadow of Ukraine war hangs over Putin’s BRICS summit in Russia

KAZAN: Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow’s partners...

Published 22 Oct, 2024 12:31pm

Middle East

Antony Blinken heads to Israel to revive Gaza ceasefire talks after Sinwar death

TEL AVIV: US Secretary of State Antony Blinken arrives in Israel on Tuesday, the first stop of a wider Middle East...

Published 22 Oct, 2024 12:02pm

World

Indigenous Australian embraces King Charles at civil rights birthplace

SYDNEY: Britain’s King Charles was embraced by an Indigenous elder after a welcome smoking ceremony on Tuesday in...

Published 22 Oct, 2024 11:16am

USA

Shooting in Washington state leaves 5 dead; 15-year-old boy is in custody

Washington state authorities said on Monday that five people were killed in a shooting at a home near Seattle and...

Published 22 Oct, 2024 11:12am

Commodities

London copper drifts up as China hopes offset firmer dollar

London copper prices ticked higher on Tuesday, as hopes about further stimulus measures and demand recovery in top...

Published 22 Oct, 2024 11:06am

Europe

Qatar’s emir heads to Berlin for talks aimed at boosting economic ties

BERLIN: German Chancellor Olaf Scholz will host Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, at a baroque palace...

Published 22 Oct, 2024 11:04am

Stocks

Bonds slide, stocks slip as US election looms

SINGAPORE: Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in...

Published 22 Oct, 2024 10:55am

Commodities

Palm oil gains on stronger Dalian rivals and weaker ringgit

KUALA LUMPUR: Malaysian palm oil futures opened higher on Tuesday, supported by stronger Dalian rivals and a weaker...

Published 22 Oct, 2024 10:52am

South Asia

Indian doctors call off protest hunger strike over medic’s murder

KOLKATA: Junior doctors in India’s eastern city of Kolkata called off on Monday a 17-day-old hunger strike launched...

Published 22 Oct, 2024 10:49am

Europe

Russia’s drone attack kills child, two adults in Ukraine’s Sumy, regional governor says

KYIV: Russia’s overnight drone attack killed three civilians, including a child, in a residential area in eastern...

Published 22 Oct, 2024 10:46am

Companies

Adani’s Ambuja Cements to acquire stake in India’s Orient Cement at $964mn valuation

India’s Ambuja Cements said on Tuesday it would acquire a 46.8% stake in Orient Cement , valuing the company at 81...

Published 22 Oct, 2024 10:43am

Bullion Rate

Gold hovers near record high on safe-haven demand

Gold prices rose on Tuesday and hovered near a record high hit in the previous session amid uncertainties around the...

Published 22 Oct, 2024 10:40am

Commodities

China iron ore imports head for record even as steel output slips: Russell

LAUNCESTON: China is on track to import record volumes of iron ore in October, increasing the divergence between the...

Published 22 Oct, 2024 10:37am

Forex

China’s yuan edges down as ‘Trump trade’ supports dollar

HONG KONG: China’s yuan dipped slightly on Tuesday as the dollar was underpinned by rising odds of former President...

Published 22 Oct, 2024 10:17am

Europe

Russia says it downs 18 Ukrainian drones overnight

Russia’s air defence units destroyed 18 Ukrainian drones over several Russian regions overnight, Russia’s defence...

Published 22 Oct, 2024 10:14am

Sports

India’s Mohammed Shami says he is pain free after heel surgery

India’s Mohammed Shami is now pain free following heel surgery earlier this year and the pace bowler said he will...

Published 22 Oct, 2024 10:12am

Commodities

Soybeans ease as ample global supplies weigh, wheat falls 1%

SINGAPORE: Chicago soybean futures edged lower on Tuesday as ample global supplies of the oilseed weighed on the...

Published 22 Oct, 2024 10:10am

Stocks

Australian shares fall in broad-based sell-off; WiseTech, Mineral Resources top laggards

Australian shares fell nearly 1% on Tuesday tracking weakness in global markets, with tech firm WiseTech Global and...

Published 22 Oct, 2024 09:59am

Forex

India central bank to help Indian rupee contend with soaring US yields

MUMBAI: The Indian rupee is likely to open nearly unchanged on Tuesday and trade in a narrow range amid expectations...

Published 22 Oct, 2024 09:57am

Stocks

Indian shares set to open flat

Indian shares are set to open flat on Tuesday, with lacklustre earnings and sustained foreign selling weighing on...

Published 22 Oct, 2024 09:55am

Stocks

China and Hong Kong stocks edge down, stimulus effectiveness in focus

SHANGHAI: China and Hong Kong stocks opened lower on Tuesday as investors digested Beijing’s latest stimulus...

Published 22 Oct, 2024 09:53am

Sports

NZ’s Williamson out of second test against India

Former skipper Kane Williamson will miss New Zealand’s second test against India starting in Pune on Thursday as he...

Published 22 Oct, 2024 09:50am

Forex

Dollar steady at August high on US rates view, election

SINGAPORE: The US dollar clung to a two-and-half-month high on Tuesday on expectations the Federal Reserve will take...

Published 22 Oct, 2024 09:49am

FY25Q1 FDI soars 48pc to $771m YoY

State Bank of Pakistan says total Foreign Direct Investment inflows approached $1 billion

Updated 22 Oct, 2024 09:37am

5G spectrum auction/release of IMT Spectrum: NERA accepts LoI for providing consultancy services

ISLAMABAD: National Economic Research Associates Inc (NERA) – United States-based international consultancy firm has...

Updated 22 Oct, 2024 09:34am

Pacts deadline looms: Refineries’ upgrade plans hit snags

ISLAMABAD: The federal government is grappling with a major hurdle in its plans to upgrade domestic refineries as...

Updated 22 Oct, 2024 09:33am

Late filers to pay surcharge for ATL enrolment: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will include names of late-filers of income tax returns in the FBR’s...

Updated 22 Oct, 2024 09:25am

Summoned for probe in 2nd phase: IPPs agitating over non-payment

ISLAMABAD: The Independent Power Producers (IPPs) that are to be quizzed in the second phase to shift them from take...

Updated 22 Oct, 2024 09:24am

Development projects: Ministries told to take MPD&SI’s input on any litigation

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MPD&SI) has directed all ministries...

Updated 22 Oct, 2024 09:23am

Business & Finance

FBR lists cases pending implementation of FTO rulings

ISLAMABAD: The Federal Board of Revenue (FBR) has compiled a list of important cases where decisions of the Federal...

Updated 22 Oct, 2024 08:50am

40pc Pak population will become urban by 2030: ADB

ISLAMABAD: The Asian Development Bank (ADB) Country Director for Pakistan Emma Fan has said that Pakistan’s rapid...

Updated 22 Oct, 2024 08:49am

Pakistan

Jurisdiction: Now questions will arise every day: Justice Shah

ISLAMABAD: Justice Syed Mansoor Ali Shah, on Monday, remarked that the question of jurisdiction would “arise every...

Updated 22 Oct, 2024 08:46am

Pakistan

CJP’s appointment: Special Parliamentary body constituted

KARACHI: National Assembly Speaker Ayaz Sadiq on Monday night notified the Special Parliamentary Committee that is...

Updated 22 Oct, 2024 08:45am

IMF conditionalities: PM-led NEDB may become redundant

ISLAMABAD: The government’s National Export Development Board (NEDB) headed by the Prime Minister may become...

Updated 22 Oct, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from October 21, 2024

Published 22 Oct, 2024 08:24am

Pakistan

Minister, ADB official discuss uplift projects

ISLAMABAD: The Country Director of the Asian Development Bank (ADB), Emma Fan, met with the Minister for Planning,...

Updated 22 Oct, 2024 07:58am

World

Cuban leader warns against unrest over nationwide blackout

HAVANA: Cuban President Miguel Diaz-Canel warned Sunday that his government would not tolerate public disturbances...

Published 22 Oct, 2024 07:50am

World

US unveils new rules to block China, Russia and Iran from accessing bulk US data

WASHINGTON: The US Justice Department on Monday proposed new rules to protect federal government data or ...

Published 22 Oct, 2024 07:50am

Agriculture and Allied

Farmer bodies assail govt for allowing ‘unlimited’ wheat import

LAHORE: The Pakistan Kissan Rabita Committee and Sawera Foundation held a seminar and demonstration on Monday...

Published 22 Oct, 2024 07:44am

Pakistan

Pakistan has highest rate of breast cancer in Asia: Speakers call for raising awareness on massive scale

LAHORE: Speakers at a seminar have called for raising awareness among the women about breast cancer on massive scale...

Published 22 Oct, 2024 07:43am

Pakistan

CM felicitates nation on the passage of Constitutional Amendment bill

LAHORE: “The 26th constitutional amendment is a clear message that the voice of people should be the loudest,”...

Published 22 Oct, 2024 07:41am

Pakistan

Minister launches activation of Kissan Card, anti-smog squad

LAHORE: Punjab Senior Minister Maryam Aurangzeb on Monday launched the activation of the “Kissan Card” and...

Updated 22 Oct, 2024 07:40am

Pakistan

Sarwar Khan assumes charge of UAF Vice Chancellor

FAISALABAD: Prof Dr Muhammad Sarwar Khan has assumed the charge of the office of the Vice Chancellor, University of...

Updated 22 Oct, 2024 07:39am

Pakistan

LCCI holds awareness session titled ‘smog mitigation’

LAHORE: The Lahore Chamber of Commerce and Industry Monday organized an insightful awareness session on ‘Smog...

Updated 22 Oct, 2024 07:38am

Pakistan

Approval process for Karachi uplift schemes: CM for greatest possible expedition

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has directed the Planning and Development Department to expedite...

Updated 22 Oct, 2024 07:37am

Pakistan

Senior citizens: KCCI urges govt to replace Nadra’s biometric verification with face recognition facility

KARACHI: Keeping in view the grievances being suffered by millions of senior citizens above 60 years of age,...

Published 22 Oct, 2024 07:23am

Pakistan

SFA conducts raids in Karachi, Thatta

KARACHI In its ongoing efforts to ensure the safety and quality of food and water across the province, the Sindh ...

Published 22 Oct, 2024 07:22am

Pakistan

PPL MD, CM Balochistan discuss key development initiatives

KARACHI: Imran Abbasy, Managing Director and Chief Executive Officer of Pakistan Petroleum Limited (PPL), met with...

Published 22 Oct, 2024 07:21am

Pakistan

Govt decides to launch fumigation drive in city

KARACHI In a meeting chaired by Chief Secretary Sindh Asif Haider Shah it has been decided to launch a comprehensive...

Published 22 Oct, 2024 07:16am

Pakistan

ADP schemes: Officers directed to expedite development work

HYDERABAD: Divisional Commissioner Hyderabad Bilal Ahmed Memon has directed the officers of all the concerned...

Published 22 Oct, 2024 07:10am

Companies

Telenor Pak signs MoU with Crop2X

ISLAMABAD: Telenor Pakistan has signed a memorandum of understanding (MoU) with Crop2X, a leading agri-tech company,...

Published 22 Oct, 2024 07:08am

Pakistan

NBP hosts Pinktober event to raise awareness about breast cancer

KARACHI: National Bank of Pakistan (NBP) reinforced its commitment to inclusivity and social responsibility by...

Published 22 Oct, 2024 07:07am

Pakistan

Recovery of former MPA Fatiana: LHC directs DIG Investigation to submit report by 25th

LAHORE: The Lahore High Court Monday directed DIG Investigation Lahore to submit a detailed report regarding the...

Published 22 Oct, 2024 07:05am

Pakistan

‘Fitna Party’ incites students, lawyers for dirty politics: Azma

LAHORE: Punjab Information Minister Azma Bokhari has criticized PTI, stating that those who once defamed judges and...

Updated 22 Oct, 2024 07:04am

Pakistan

26th constitutional amendment to curtail judicial activism: PPP

LAHORE: Pakistan Peoples Party Central Punjab General Secretary Syed Hassan Murtaza said on Monday that the 18th...

Published 22 Oct, 2024 07:03am

Technology

ANOG conference commences today

ISLAMABAD: The 42nd South Asian Network Operators Group (SANOG) conference commenced today, gathering experts from...

Published 22 Oct, 2024 07:02am

BR Research

‘Cash and Code’ driving recovery

As expected, the current account is nearly balanced in the first quarter of the fiscal year. The story is...

Published 22 Oct, 2024 06:51am

BR Research

HBL marches on steadily

Pakistan’s largest commercial bank, HBL delivered another strong quarter, registering record 9M profits. Pretax...

Published 22 Oct, 2024 06:45am

BR Research

Matco Foods Limited

Matco Foods Limited (PSX: MFL) was established as Matco Rice Processing Private Limited in 1964. The company was...

Published 22 Oct, 2024 06:41am

Industry

Asia Rising: Dubai’s transformation to becoming tech hub draws parallel with Silicon Valley and Bengalaru

DUBAI: Drawing parallels with India’s Bengaluru and Silicon Valley in the US, speakers highlighted Dubai’s rapid...