News Archives for Latest - 2024-10-28

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Archive - 2024-10-28

Companies

Golootlo, Pakistan’s leading discount aggregator, launches SoftPOS powered by Alliance Network

Golootlo, Pakistan’s largest savings platform, has formed a strategic partnership with Alliance Network, a global...

Updated 29 Oct, 2024 02:17pm

Middle East

Israel wants more peace deals with Arab countries after war, Netanyahu says

OCCUPIED JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Monday he hopes to reach peace deals with more...

Updated 28 Oct, 2024 11:41pm

Pakistan

Moscow wants to strengthen bilateral relations, Russian Speaker tells Gillani

Two sides discuss diplomatic, economic, and commercial relations

Updated 28 Oct, 2024 11:40pm

Pakistan

NA Speaker Sadiq clarifies comments, says he has ‘huge respect’ for courts

PTI files contempt plea against ECP for implementing reserved seats verdict

Updated 28 Oct, 2024 11:35pm

World

North Korea has sent 10,000 troops to train in Russia: Pentagon

WASHINGTON: North Korea has sent some 10,000 troops to train in Russia, the Pentagon said Monday, more than tripling...

Published 28 Oct, 2024 11:02pm

World

South Africa files ‘evidence’ of ‘genocide’ by Israel in ICJ case

Israel’s aggression in Gaza has killed at least 43,020 Palestinians since October 7, 2023

Published 28 Oct, 2024 10:54pm

Exchange

Rupee slips lower against US dollar

Currency settles at 277.68 against the greenback in inter-bank market

Updated 28 Oct, 2024 10:39pm

Pakistan

PM Shehbaz vows polio eradication from Pakistan as toll reaches 41 in 2024

Prime Minister Shehbaz Sharif on Monday reiterated the government’s commitment to eradicating polio from Pakistan...

Updated 28 Oct, 2024 10:26pm

Stocks

Some buying momentum persists at PSX, KSE-100 settles above 90,000

Benchmark briefly crosses 91,000 level during intra-day trading on Monday before profit-taking erases gains

Updated 28 Oct, 2024 10:26pm

Markets

Indus Motor temporarily halts operations citing inventory shortage

Indus Motor Company (INDU), the manufacturer/assembler of Toyota vehicles in Pakistan, has announced to suspend its...

Updated 28 Oct, 2024 10:16pm

Stocks

FFC makes Rs22.6bn profit in 3QCY24, but holds off on dividend amid merger plans

Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, posted a consolidated...

Updated 28 Oct, 2024 10:08pm

Pakistan

PM Shehbaz to attend Future Investment Initiative in Saudi Arabia on October 29-30: FO

Premier expected to hold important bilateral talks with Saudi Crown Prince Mohammed bin Salman and other senior Saudi officials, foreign office says

Updated 28 Oct, 2024 10:07pm

South Asia

Iran says it will ‘use all available tools’ to respond to Israel’s attack

DUBAI: Tehran will “use all available tools” to respond to Israel’s weekend attack on military targets in Iran,...

Updated 28 Oct, 2024 10:07pm

Life & Style

Pakistani companies participate in Beauty World Middle East 2024

The three-day Beauty World Middle East trade show opened its doors in Dubai on Monday, with 16 exhibitors from...

Published 28 Oct, 2024 09:54pm

USA

Harris campaigns in Michigan, Trump in Georgia in final stretch of White House race

WASHINGTON/NEW YORK: Vice President Kamala Harris travels to Michigan on Monday to focus on the economy, while...

Published 28 Oct, 2024 09:51pm

Technology

Meta builds AI search engine to cut Google, Bing reliance, the Information reports

Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on...

Published 28 Oct, 2024 09:01pm

Commodities

Oil slides 5% after limited Israeli retaliatory attack on Iran

Brent futures down $4.13, or 5.43%, at $71.92 a barrel

Updated 28 Oct, 2024 08:16pm

Stocks

US stocks advance ahead of tech earnings, key economic data

NEW YORK: Wall Street stocks rose Monday as investors geared up for a busy week in tech earnings and US economic...

Published 28 Oct, 2024 07:31pm

Cricket

Kirsten quits as Pakistan white-ball coach, Gillespie to fill in

LAHORE: Gary Kirsten has resigned as Pakistan’s white-ball coach barely six months after taking up the job, the...

Updated 28 Oct, 2024 07:17pm

Pakistan

Sharjeel terms Yellow Line BRT ‘significant project for Karachi’

KARACHI: Sindh Senior Minister Sharjeel Inam Memon stated that the Yellow Line BRT is a significant project for the...

Updated 28 Oct, 2024 07:17pm

PM Shehbaz chairs a meeting on polio eradication in Islamabad

Published 28 Oct, 2024 07:16pm

Europe

UK anti-Islam activist ‘Tommy Robinson’ jailed for breaching injunction

LONDON: British anti-Muslim activist Stephen Yaxley-Lennon, known by the pseudonym Tommy Robinson, on Monday was...

Published 28 Oct, 2024 07:04pm

Europe

France hijab bans in sports ‘discriminatory’: UN experts

GENEVA: United Nations rights experts on Monday slammed decisions in France barring women and girls who wear the...

Published 28 Oct, 2024 07:01pm

Bullion Rate

Gold price per tola decreases Rs900 in Pakistan

After increasing in the previous session, gold prices in Pakistan declined on Monday in line with their decrease in...

Updated 28 Oct, 2024 06:38pm

South Asia

Bangladesh ex-PM palace to become revolution museum

DHAKA: The once luxurious palace of Bangladesh’s autocratic ex-leader Sheikh Hasina will become a museum to honour...

Published 28 Oct, 2024 06:14pm

Middle East

X suspends new account posting on behalf of Iran leader Khamenei

WASHINGTON: The social media network X on Monday suspended an account that published Hebrew-language messages on...

Published 28 Oct, 2024 06:09pm

Europe

Russia says took another east Ukrainian village

MOSCOW: Russia said Monday it took another village in eastern Ukraine, south of the city of Pokrovsk where its...

Published 28 Oct, 2024 05:40pm

Middle East

Health ministry in Gaza says war death toll tops 43,000

GAZA STRIP: The health ministry in Gaza said on Monday that at least 43,020 people have been killed in Israeli...

Updated 28 Oct, 2024 05:39pm

South Asia

Sikh separatist claims Indian ‘spy network’ operates in US, Canada

NEW YORK: Canada and the U.S. must get tougher on Indian Prime Minister Narendra Modi’s government for trying to...

Published 28 Oct, 2024 05:38pm

Russian Speaker Valentina Matvienko attends special sitting of Senate of Pakistan

Published 28 Oct, 2024 05:32pm

Middle East

Israel presses Gaza and Lebanon assaults as Egypt touts truce plan

BEIRUT: Israeli forces launched deadly strikes on Lebanon and Gaza on Monday, pressing their offensive against...

Published 28 Oct, 2024 05:12pm

Rays of sunlight run through cave in SW China’s Guizhou

Published 28 Oct, 2024 04:58pm

Capacity payment issue: 10 IPPs seek PM’s intervention

Talks with IPPs of 2002 Policy are commencing from today

Updated 28 Oct, 2024 04:10pm

Recorder headlines

Published 28 Oct, 2024 03:58pm

Middle East

Lebanon says five dead in Israeli strike on Tyre city centre

BEIRUT: Lebanon’s health ministry said Israel struck the southern city of Tyre on Monday, killing at least five...

Published 28 Oct, 2024 03:23pm

South Asia

Pressure mounts to oust Bangladesh president

DHAKA: Bangladesh’s President Mohammed Shahabuddin faced growing pressure Monday to quit from leaders of the...

Published 28 Oct, 2024 03:15pm

USA

From A-Z, campaign 2024 by the letter

WASHINGTON: Struggling to understand the US presidential election? Here’s an A-Z dictionary to guide you through the...

Published 28 Oct, 2024 03:08pm

Stocks

London stocks climb, energy shares keep gains in check

The UK’s benchmark FTSE 100 index rose on Monday, led by travel and leisure shares as Trainline jumped following a...

Published 28 Oct, 2024 03:01pm

Currency

Kenyan shilling stable, supported by aid agency FX sales

NAIROBI: The Kenyan shilling was steady against the dollar on Monday as international aid agencies converted foreign...

Published 28 Oct, 2024 02:58pm

Technology

Apple iPhone 16 sales blocked in Indonesia due to local parts rule

JAKARTA: Tech giant Apple Inc will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have...

Published 28 Oct, 2024 02:56pm

Europe

Kremlin says Russia is doing all it can to try to de-escalate Middle East tensions

MOSCOW: The Kremlin said on Monday that Russia was doing everything it could to try to facilitate attempts to...

Published 28 Oct, 2024 02:52pm

Textile sector demands a long-term policy

KARACHI: The textile sector has called on the government to establish a long-term textile policy, developed in...

Updated 28 Oct, 2024 02:44pm

Corporate sector: Only 5,000 big cos are practically compliant taxpayers

ISLAMABAD: Only 5,000 big companies are practically compliant taxpayers within the corporate sector and paying 90...

Updated 28 Oct, 2024 02:43pm

Movies & Music

Timothee Chalamet crashes his own look-alike contest

NEW YORK: Will the real Timothee Chalamet please stand up? Even the Hollywood star’s most convincing doppelgangers,...

Published 28 Oct, 2024 02:37pm

Life & Style

In uncertain US election, two prestige papers refuse to pick sides

WASHINGTON: Days ahead of a close presidential election, two of the most prestigious liberal American newspapers...

Published 28 Oct, 2024 02:26pm

Stocks

China, HK stocks end marginally higher, await key Beijing meeting

SHANGHAI: Mainland China and Hong Kong stocks ended marginally higher on Monday as investors grew cautious ahead of...

Updated 28 Oct, 2024 02:14pm

Forex

Ugandan shilling flat on slump in appetite

KAMPALA: The Ugandan shilling traded flat on Monday, on the back of a general slump in appetite for hard currency...

Published 28 Oct, 2024 02:12pm

Stocks

European shares rise as key data and US tech earnings loom

European shares edged up on Monday as investors prepared for a busy schedule of key economic data releases and...

Published 28 Oct, 2024 01:33pm

Commodities

Dalian iron ore hits more than one-week high on renewed China stimulus hopes

SINGAPORE: Dalian iron ore futures climbed on Monday to their highest in more than a week, as renewed expectations...

Updated 28 Oct, 2024 01:22pm

Stocks

Major Gulf markets rise as Iran downplays Israel’s strikes

Major stock markets in the Gulf rose in early trade on Monday as tensions eased after Iran played down Israel’s...

Published 28 Oct, 2024 01:19pm

Currency

South African rand flat; mid-term budget the week’s highlight

JOHANNESBURG: South Africa’s rand was little changed in early trade on Monday, with Wednesday’s mid-term budget the...

Published 28 Oct, 2024 01:15pm

Commodities

Japan rubber futures close lower for fourth consecutive session

SINGAPORE: Japanese rubber futures recorded their fourth consecutive session of losses on Monday, weighed down by...

Updated 28 Oct, 2024 01:04pm

Economy: Aurangzeb outlines steps

Highlights upcoming reforms in the Federal Board of Revenue, aimed at boosting transparency and fostering sustainable development

Updated 28 Oct, 2024 12:33pm

Companies

Indus Motor Company’s profit up 58% at Rs5.09bn in 1QFY25

Indus Motor Company (IMC) reported a profit of Rs5.09 billion for the quarter ended September 30, 2024 (1QFY25), an...

Updated 28 Oct, 2024 12:11pm

Stocks

South Korean stocks end higher as battery shares shine on Tesla rally

KOSPI closed up 29.16 points, or 1.13%, at 2,612.43

Updated 28 Oct, 2024 12:06pm

Stocks

Japan stocks rally as yen tumbles after coalition drubbing

TOKYO: Japanese stocks rose on Monday as the yen careened to a three-month low after Prime Minister Shigeru Ishiba’s...

Updated 28 Oct, 2024 11:45am

South Asia

Iran Guards chief warns Israel of ‘bitter consequences’ after attack

TEHRAN: The top commander of Iran’s Revolutionary Guards has warned Israel it would face “bitter consequences” after...

Published 28 Oct, 2024 11:41am

Commodities

Palm oil reverses losses on weaker ringgit, technical buying

KUALA LUMPUR: Malaysian palm oil futures inched higher on Monday, as a weaker ringgit and technical buying supported...

Published 28 Oct, 2024 11:34am

Stocks

Miners help Australian shares close slightly higher

Australian shares closed marginally higher on Monday as gains in miners outweighed losses in financials and energy...

Updated 28 Oct, 2024 11:31am

Markets

No urgency for ECB to speed up policy easing, Wunsch says

There is no urgency for the European Central Bank to cut interest rates quicker and it could even live with a small,...

Published 28 Oct, 2024 11:29am

Commodities

Base metals fall on caution and disappointing China stimulus

Prices of base metals largely fell on Monday, as caution prevailed amid conflicting signals on demand and ahead of a...

Published 28 Oct, 2024 11:26am

Financial

Abu Dhabi’s Mubadala picks banks for debut 5-year sukuk sale

Abu Dhabi sovereign wealth fund Mubadala Investment Company has hired banks to arrange investor meetings ahead of...

Published 28 Oct, 2024 11:23am

South Asia

Spanish PM in India seeking to bolster trade ties

NEW DELHI: Spanish Prime Minister Pedro Sanchez was welcomed to India Monday with a flower-filled open-top parade...

Published 28 Oct, 2024 10:24am

Commodities

Soybeans lose more ground, corn at one-week low on supply pressure

SINGAPORE: Chicago soybean futures lost more ground on Monday, while corn slid to its lowest in almost a week, as...

Published 28 Oct, 2024 10:15am

Currency

Australia, NZ dollars gain versus yen on Japan political uncertainty

SYDNEY: The Australian and New Zealand currencies gained against the yen on Monday as Japan’s ruling coalition lost...

Published 28 Oct, 2024 10:09am

Commodities

Gold slips as dollar firms; market eyes crucial US data

Gold prices fell on Monday as the U.S. dollar held firm, while investors awaited U.S. economic data for fresh...

Published 28 Oct, 2024 10:00am

Forex

China’s weakening yuan set to snap three straight months of gains in Oct

SHANGHAI: China’s yuan weakened on Monday to a more than two-month low against the dollar, underpinned by signs of...

Published 28 Oct, 2024 09:54am

Cricket

Skipper Marsh and Test regulars to skip Pakistan T20 series

SYDNEY: Australia’s Twenty20 captain Mitchell Marsh and his Test teammates will skip the three-match series against...

Published 28 Oct, 2024 09:52am

Financial

India bond yields may inch up tracking US peers

MUMBAI: Indian government bond yields are expected to move slightly higher at the start of this week on Monday,...

Published 28 Oct, 2024 09:42am

Forex

Indian rupee pegged back by dollar, US yields; RBI expected to intervene again

MUMBAI: The Indian rupee is expected to open largely unchanged on Monday, buoyed by expectations of the country’s...

Published 28 Oct, 2024 09:40am

Forex

Yen slumps as Japan’s election clouds rate rise prospects

SINGAPORE: The yen sank to a three-month low on Monday as investors figured the loss of a parliamentary majority for...

Published 28 Oct, 2024 09:31am

CASA-1000: World Bank mission due today to remove bottlenecks

ISLAMABAD: The World Bank (WB) is to despatch its Implementation Support Mission to Islamabad and Lahore for the...

Updated 28 Oct, 2024 09:31am

Pakistan

All eyes on full court; agenda remains unclear

ISLAMABAD: All eyes are on the Supreme Court that is set to hold its full court meeting today (Monday), convened by...

Updated 28 Oct, 2024 09:30am

Business & Finance

PBF leader urges SBP to lower interest rates by 5pc

KARACHI: Captain Abdul Rashid Abro, central leader of the Pakistan Business Forum and former Vice President of...

Updated 28 Oct, 2024 09:26am

SNGPL move to reinitiate arbitration perturbs NPPMCL

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Updated 28 Oct, 2024 09:22am

BR Research

Burshane LPG (Pakistan) Limited

Burshane LPG (Pakistan) Limited (PSX: BPL) was incorporated in Pakistan as a limited liability company. The company...

Published 28 Oct, 2024 09:09am

Pakistan

Bilawal-led PPP team meets Shehbaz

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Sunday held an important meeting with the delegation of...

Updated 28 Oct, 2024 08:59am

Pakistan

Now 20 UK MPs seek UK govt’s intervention in securing IK’s release

LONDON: As many as 20 British parliamentarians from cross-party have urged UK’s Foreign Secretary David Lammy MP to...

Updated 28 Oct, 2024 08:53am

BR Research

Fauji catches up

After merging with another military-owned cement company, Fauji’s importance—and its financial performance—should...

Published 28 Oct, 2024 08:53am

Pakistan

Aurangzeb praises role of Pakistani diaspora

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb appreciated Pakistani diaspora on...

Updated 28 Oct, 2024 08:52am

BR Research

MCB banks on high CASA

MCB Bank Limited (MCB), true to its reputation and much to the shareholders’ delight, announced another interim...

Published 28 Oct, 2024 08:51am

Opinion

Cost of misguided energy policies

“Elimination of captive power from the gas sector” has been committed to the IMF as a structural benchmark to be...

Updated 28 Oct, 2024 08:48am

Letters

‘Trump’s immigrant xenophobia and US Constitution’

This is apropos my three letters to the Editor carried by the newspaper in recent days Trump’s inflammatory...

Updated 28 Oct, 2024 08:37am

Opinion

Banking on missteps: latest tax policy will distort financial system

One of the more short-sighted fiscal measures recently introduced is the higher tax on banking income from ...

Updated 28 Oct, 2024 08:35am

Opinion

The economics of conflict

Conflict has a vastly different impact on different economies based on how insulated it may be (either voluntarily ...

Updated 28 Oct, 2024 08:31am

Editorials

A complicated legacy

EDITORIAL: With the retirement of Justice Qazi Faez Isa as Chief Justice of Pakistan (CJP), a seminal chapter of the...

Updated 28 Oct, 2024 08:27am

Editorials

Expenditure growth rate

EDITORIAL: The International Monetary Fund (IMF) in its Fiscal Monitor report titled “Putting a Lid on Public Debt”...

Updated 28 Oct, 2024 08:25am

BR’s refresher: your morning briefing for the day

Important updates from October 26 and October 27, 2024

Published 28 Oct, 2024 08:24am

Commodities

Prices of kitchen items show mixed trend

PESHAWAR: Mixed trend in prices of important kitchen items, including live chicken/meat, vegetables, fruits, flour,...

Published 28 Oct, 2024 08:17am

Sports

Newage Cables wins Pink Polo final

LAHORE: Newage Cables emerged title winners in the Lahore Smart City Polo in Pink after defeating FG/Din Polo in a...

Published 28 Oct, 2024 08:17am

Taxes

DG I&I (Customs) DG Enforcement (Customs): FBR removes duplication of functions/roles

ISLAMABAD: The Federal Board of Revenue (FBR) has removed duplication of functions/roles between the Directorate...

Updated 28 Oct, 2024 08:13am

Sports

PCB awards central contracts to 25 cricketers

LAHORE: The Pakistan Cricket Board (PCB) has awarded 12-month central contracts to 25 men’s cricketers including...

Published 28 Oct, 2024 08:11am

Companies

SDG Impact Framework: Fatima Fertilizer becomes country’s first company to partner with UNDP

LAHORE: Fatima Fertilizer has become the first company in Pakistan to officially partner with the United Nations...

Published 28 Oct, 2024 08:10am

Pakistan

Bilawal lauds players for supporting cancer awareness cause

LAHORE: Chairman Pakistan Peoples Party, Bilawal Bhutto Zardari addressed journalists in Lahore after attending an...

Updated 28 Oct, 2024 08:09am

Companies

United Insurance, Mobilink Bank team up to introduce ‘climatic shock insurance’

LAHORE: United Insurance Company and Mobilink Microfinance Bank have come together to launch a groundbreaking...

Published 28 Oct, 2024 08:08am

Sports

Cricket squads for Australia, Zimbabwe tours announced

LAHORE: The Pakistan cricket selectors have announced 15-member squads for the tours of Australia and Zimbabwe, ...

Published 28 Oct, 2024 08:08am

Industry

PAAPAM concludes PAPS 2024 successfully

LAHORE: The Pakistan Auto Parts Show (PAPS) 2024, hosted by the Pakistan Association of Automotive Parts and...

Published 28 Oct, 2024 08:05am

Pakistan

LCCI observes ‘Kashmir Exploitation Day’

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) observed Kashmir Exploitation Day today, shedding light on ...

Published 28 Oct, 2024 08:03am

Pakistan

Faisalabad residents reiterate commitment to Kashmir cause

FAISALABAD: Kashmir Black Day was observed across the Faisalabad district on Sunday to express solidarity with the...

Published 28 Oct, 2024 08:02am

Pakistan

KP Assembly expresses solidarity with Kashmiris

PESHAWAR: The Khyber Pakhtunkhwa Assembly passed a joint resolution unanimously on Sunday by expressing complete...

Published 28 Oct, 2024 08:01am

Pakistan

Chinese university names research centre after Iqbal Choudhary

ISLAMABAD: Hunan University of Medicine (HNUM) China, has named it’s newly inaugurated research building, after ...

Published 28 Oct, 2024 07:59am

Pakistan

NDMA dispatches relief consignments to Gaza, Lebanon

ISLAMABAD: The National Disaster Management Authority (NDMA) on the directives of the Prime Minister, continued to...

Published 28 Oct, 2024 07:52am

Pakistan

Factory of tissue papers and diapers gutted

PESHAWAR: A fire broke out in a factory in the Industrial Estate Hayatabad and goods worth millions were burnt to...

Published 28 Oct, 2024 07:50am

Pakistan

UHS team represents Pakistan at SSAMESA annual conference in China

LAHORE: A delegation from the University of Health Sciences (UHS) Lahore, led by Vice Chancellor Prof. Ahsan Waheed...

Updated 28 Oct, 2024 07:46am

Pakistan

Transgender quota: KP govt approves amendments to Civil Servants Rules, 1989

PESHAWAR: The KP govt decided to approve amendments to Khyber Pakhtunkhwa Civil Servants (Appointments, Promotion ...

Published 28 Oct, 2024 07:45am

Pakistan

KP govt announces life insurance scheme

PESHAWAR: Advisor to Khyber Pakhtunkhwa government on Information Barrister Dr Muhammad Ali Saif has announced the...

Published 28 Oct, 2024 07:41am

Taxes

POS invoicing system: Two restaurants sealed for issuing fake receipts

ISLAMABAD: As part of FBR’s drive to bring Tier-1 retailers/ restaurants under the tax net through POS invoicing...

Published 28 Oct, 2024 07:39am

Sports

Rizwan confirmed as white-ball captain

LAHORE: Wicketkeeper-batter Mohammad Rizwan has been appointed Pakistan’s white-ball captain, while Salman Ali ...

Published 28 Oct, 2024 07:36am

Industry

Supply-chain due diligence act: German official says opportunity exists for Pakistan to stand out

Florian Walther, Pakistan representative at the German Emirati Joint Council for Industry and Commerce, says act relevant for companies here as well

Updated 28 Oct, 2024 07:19am

Middle East

5 Israeli soldiers killed

OCCUPIED JERUSALEM: The Israeli military on Sunday said five soldiers were killed in southern Lebanon, bringing to ...

Updated 28 Oct, 2024 07:14am

Pakistan

The Weather

KARACHI: The weather report on Sunday (October 27, 2024) and the forecast for Monday (October 28, 2024)....