News Archives for Latest - 2024-11-04

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Pakistan

NA, Senate pass bills seeking increase in services chiefs’ tenure, SC judges’ strength

Number of judges in Supreme Court to be increased up to 34 from 17
Tenure of armed forces chiefs to be extended to 5 years from 3 years

Updated 04 Nov, 2024 11:06pm

Business & Finance

SCO summit: Rs2.7bn spent on arrangements, beautification of Islamabad, interior ministry tells ECC

Economic Coordination Committee approves Circular Debt Management Plan for FY 2024-25

Updated 04 Nov, 2024 11:01pm

Stocks

KSE-100 closes 1.2% higher in anticipation of monetary policy announcement

Benchmark index also crosses 92,000 during intra-day trading for first time, but closes marginally below historic level

Updated 04 Nov, 2024 10:55pm

Business & Finance

Policy rate reduction to boost business activities, exports: PM Shehbaz

Prime Minister Shehbaz Sharif said Monday a reduction in the policy rate will boost business activities, exports,...

Updated 04 Nov, 2024 10:54pm

World

NATO will ‘stay united’ whoever wins US election: Rutte

BERLIN: NATO will stay united no matter who wins the US election, the alliance’s secretary general Mark Rutte said...

Published 04 Nov, 2024 10:42pm

World

War monitor says 2 killed in Israel strikes south of Damascus

BEIRUT: At least two Hezbollah members were killed Monday near the Sayyeda Zeinab area south of Damascus, home to an...

Published 04 Nov, 2024 10:37pm

Markets

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Most analysts had expected cut of 200bps

Updated 04 Nov, 2024 09:53pm

Pakistan

COAS Asim Munir urges action on plight of Kashmiris, Palestinians

Chief of Army Staff General Syed Asim Munir urged the world powers on Monday for an urgent action on the plight of...

Updated 04 Nov, 2024 09:52pm

Stocks

US stocks open big election week modestly lower

NEW YORK: Wall Street stocks declined early Monday at the start of a busy news week that features a Federal Reserve...

Published 04 Nov, 2024 08:56pm

Sports

China’s Zheng beats Rybakina at WTA Finals

RIYADH: Zheng Qinwen improved her chances of advancing to the semi-finals at the WTA Finals with a 7-6 (7/4), 3-6,...

Published 04 Nov, 2024 08:54pm

Business & Economy

Pakistan’s bilateral partners to continue rollovers during IMF programme: SBP governor

ISLAMABAD: The State Bank of Pakistan (SBP) Governor Jameel Ahmad told analysts on Monday that bilateral partner...

Updated 04 Nov, 2024 08:41pm

Sports

England, New Zealand and Zimbabwe women’s teams to tour Pakistan

Pakistan will host England, New Zealand and Zimbabwe women’s cricket teams for the first time as per the...

Published 04 Nov, 2024 07:10pm

PM Shehbaz chairs federal cabinet meeting in Islamabad

Published 04 Nov, 2024 06:50pm

Energy

Oil gains over 2% after OPEC+ delays output hike, US election in focus

Oil prices rose more than 2% on Monday on a decision by OPEC+ to delay by a month plans to increase output, while...

Updated 04 Nov, 2024 06:43pm

Pakistan

Six terrorists killed in separate Khyber Pakhtunkhwa operations: ISPR

Security forces killed six terrorists in two separate operations in Khyber Pakhtunkhwa Sunday, the military’s media...

Published 04 Nov, 2024 06:40pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 277.79 against the greenback in inter-bank market

Updated 04 Nov, 2024 06:36pm

Perspectives

A Trump presidency won’t fare well for Pakistan. Here’s why

It is that time of the year when everyone in Pakistan will somehow want to believe that the US elections will...

Published 04 Nov, 2024 06:24pm

Middle East

Israeli strikes kill 10 people in Gaza, keep up pressure on north

CAIRO: Israeli airstrikes killed at least 10 Palestinians in Gaza on Monday, with seven dead in an attack on two...

Published 04 Nov, 2024 06:26pm

Pakistan

Pakistan Navy conducts flight test of locally manufactured ballistic missile

The Pakistan Navy has successfully conducted flight test of a locally developed ship-launched ballistic missile,...

Published 04 Nov, 2024 06:09pm

Energy

PPL secures 10-year lease for Sui Gas Field

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has received approval for a Development and...

Updated 04 Nov, 2024 05:45pm

Europe

Spain deploys more troops to flood zone where public anger rises

PAIPORTA: Spain sent more soldiers on Monday to its flood-hit east where rescuers scoured underground carparks for...

Published 04 Nov, 2024 05:43pm

Pakistan

Iran’s foreign minister arrives in Pakistan on two-day official visit

Iranian Foreign Minister Seyed Abbas Araghchi arrived in Pakistan on Monday on a two-day official visit, the Foreign...

Updated 04 Nov, 2024 05:23pm

Companies

Pakistan’s chemical maker Ghani to establish LPG storage facility in Punjab

Ghani Chemical Industries Limited (GCIL), a manufacturer of medical and industrial gases and chemicals, announced...

Updated 04 Nov, 2024 05:15pm

Pakistan Navy conducts successful flight test of ship-launched ballistic missile

Published 04 Nov, 2024 05:13pm

South Asia

India condemns violence at Canadian Hindu temple

NEW DELHI: India on Monday demanded Canada protect its citizens after violent clashes at a Hindu temple near Toronto...

Published 04 Nov, 2024 05:09pm

Pakistan

Pakistan anti-polio drive struggles against militants, mistrust

PESHAWAR: Militant attacks and suspicion stemming from misinformation are hampering Pakistan’s battle to eradicate...

Updated 04 Nov, 2024 05:07pm

Commodities

Gold price per tola increases Rs700 in Pakistan

After declining in the previous session, gold prices in Pakistan increased on Monday in line with their increase in...

Published 04 Nov, 2024 04:35pm

Cricket

Cummins to the rescue as Australia grind past Pakistan in opening ODI

MELBOURNE: Skipper Pat Cummins kept his cool under pressure with a gritty unbeaten 32 to steer Australia to a nervy...

Updated 04 Nov, 2024 04:14pm

Recorder headlines

Published 04 Nov, 2024 04:03pm

Stocks

Indian shares post worst session in over a month ahead of US election

Indian shares logged their worst session in more than a month on Monday, weighed down by uncertainty around the...

Updated 04 Nov, 2024 03:30pm

‘Can’t sell PIA for peanuts,’ says Aleem

LAHORE: Federal Minister for Privatisation Abdul Aleem Khan has said he had responsibility of selling Pakistan...

Updated 04 Nov, 2024 03:10pm

FBR chalks out steps to reduce anticipated Q2 collection shortfall

ISLAMABAD: The Federal Board of Revenue (FBR) has chalked out short-term and long-term measures to reduce...

Updated 04 Nov, 2024 03:09pm

South Asia

36 dead in bus crash in Indian Himalayas

DEHRADUN: A bus in India plunged into a deep Himalayan ravine on Monday, killing at least 36 passengers and injuring...

Published 04 Nov, 2024 02:45pm

South Asia

Iran slams US deployment of B-52 bombers as ‘destabilising’

TEHRAN: Iran’s foreign ministry spokesman Esmaeil Baghaei on Monday criticised what he called the United States’...

Published 04 Nov, 2024 02:28pm

Stocks

Most Gulf markets fall as OPEC+ delays oil output hike

Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned...

Published 04 Nov, 2024 02:09pm

Movies & Music

US music supremo Quincy Jones, who worked with Sinatra and Jackson, dies aged 91

Quincy Jones, the man known simply as “Q,” was a huge influence on American music in his work with artists ranging...

Published 04 Nov, 2024 02:04pm

Middle East

Israel says top Hezbollah commander killed in Lebanon strike

JERUSALEM: The Israeli military said on Monday it had killed a top Hezbollah commander it accused of overseeing...

Published 04 Nov, 2024 01:51pm

South Asia

Iran executes Jewish Iranian man in murder case

PARIS: Iran on Monday executed a member of the country’s Jewish minority who had been convicted of murder, an NGO...

Published 04 Nov, 2024 01:42pm

Stocks

European shares open flat as tech losses offset mining, energy gains

European shares were flat at the open on Monday as losses in tech stocks offset gains in resources-linked shares,...

Published 04 Nov, 2024 01:27pm

Europe

Russian air attacks on Ukraine’s Kharkiv wound at least 15

Russian forces attacked Ukraine’s second-largest city Kharkiv and the surrounding region with guided aerial bombs on...

Published 04 Nov, 2024 01:22pm

Europe

Russia to launch two Iranian satellites on Nov. 5, Tehran’s Moscow envoy says

Russia will launch two Iranian satellites into orbit using a Soyuz launcher on Tuesday, Iran’s ambassador to Moscow...

Published 04 Nov, 2024 01:19pm

USA

Final US campaign blitz for Harris and Trump

SCRANTON: Bitter rivals Kamala Harris and Donald Trump embark on a final frenzied campaign blitz Monday with both...

Published 04 Nov, 2024 01:10pm

Companies

Ryanair profit falls as ticket prices drop

LONDON: Irish budget airline Ryanair reported falling net profit for the second quarter on Monday following a drop...

Published 04 Nov, 2024 12:59pm

Forex

Kenya shilling steady on tourism, tea exports

NAIROBI: The Kenyan shilling was steady against the dollar on Monday, as foreign exchange supply from tourism and...

Published 04 Nov, 2024 12:50pm

Forex

South African rand gains as markets brace for US election, rate decision

JOHANNESBURG: South Africa’s rand gained in early trade on Monday against a weaker dollar, as investors geared up...

Published 04 Nov, 2024 12:49pm

Europe

Turkish inflation higher than expected at 48.58% in October

ISTANBUL: Turkish inflation remained loftier than expected in October, dipping only to 48.58% annually and to 2.88%...

Published 04 Nov, 2024 12:43pm

Cricket

India’s Rohit says players must get the mindset right to handle Australian pitches

BENGALURU: After India’s batting frailties were brutally exposed in a 3-0 home series defeat by New Zealand, captain...

Published 04 Nov, 2024 11:30am

Middle East

Israel officially informs UN of end to relations with Palestinian relief agency

JERUSALEM: Israel has officially notified the United Nations that it was cancelling the agreement that regulated its...

Published 04 Nov, 2024 11:27am

Commodities

Wheat climbs on prospects of weak Russian supply

CANBERRA: Chicago wheat futures climbed on Monday, supported by a weaker U.S. dollar and expectations of lower...

Published 04 Nov, 2024 11:14am

Stocks

Healthcare, banking stocks boost Australia shares ahead of RBA decision

Australian shares ended higher on Monday, with healthcare and banking stocks rising the most, as investors awaited...

Updated 04 Nov, 2024 11:11am

Commodities

Palm rangebound on rival oils; market eyes key data

JAKARTA: Malaysian palm oil futures traded sideways on Monday, following rival vegetable oils, while the market...

Published 04 Nov, 2024 10:52am

Stocks

Asian markets rise ahead of US election, Chinese stimulus meeting

HONG KONG: Asian markets rose Monday as investors steel themselves for a too-close-to-call US presidential election,...

Published 04 Nov, 2024 10:35am

Cricket

‘Bunch of Kiwis’ sealed historic Test whitewash in India

MUMBAI: New Zealand batsman Daryl Mitchell hailed his side as “a bunch of Kiwis taking on the world” after their...

Published 04 Nov, 2024 10:31am

Forex

Australian dollar bounces on US election bets, steady rate outlook

SYDNEY: The Australian and New Zealand dollars bounced on Monday as investors reconsidered the outcome for the U.S....

Published 04 Nov, 2024 10:22am

South Asia

Indonesia’s Laki-laki volcano on Flores Island erupts, killing 9 people

JAKARTA: At least nine people died after Mount Lewotobi Laki-laki in eastern Indonesia erupted on Sunday, spewing...

Published 04 Nov, 2024 10:18am

Commodities

Iron ore slips; focus on key China meeting and US election

BEIJING: Iron ore futures slid in the first working day of the week when the market would closely monitor the U.S....

Published 04 Nov, 2024 10:11am

Bullion Rate

Gold steady as markets brace for US election, likely Fed rate cut

Gold held steady on Monday as investors prepared for a key week for the global economy ahead of the U.S....

Published 04 Nov, 2024 10:09am

USA

Harris appeals to Christians and Arab Americans, Trump embraces violent rhetoric

DETROIT/KINSTON: Democrat Kamala Harris made her closing pitch for the U.S. presidency at a historically Black...

Published 04 Nov, 2024 10:05am

Forex

Yuan bounces as traders brace for US election volatility

SINGAPORE: The yuan touched a two-week high on Monday in a firm start to a pivotal week that has markets braced for...

Published 04 Nov, 2024 10:00am

South Asia

India hands out fines to owners of polluting vehicles, building sites

NEW DELHI: Authorities in India’s capital and surrounding areas handed out fines to the owners of thousands of...

Published 04 Nov, 2024 09:58am

Commodities

Base metals rise on weaker dollar, but trade thin ahead of US election

Prices of base metals rose on Monday on a softer U.S. dollar, but trading remained thin amid caution around the...

Published 04 Nov, 2024 09:53am

Financial

India bond yields to trend higher as US peers spike

MUMBAI: Indian government bond yields are expected to trend higher on Monday, with investors exercising caution...

Published 04 Nov, 2024 09:50am

Forex

Dollar decline to help Indian rupee kick off big week on positive note

MUMBAI: The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid...

Published 04 Nov, 2024 09:48am

Stocks

South Korea stocks rise on moves to scrap planned tax on financial investments

KOSPI was up 39.24 points, or 1.54%, at 2,581.60

Published 04 Nov, 2024 09:44am

Forex

Dollar skids ahead of US election, likely Fed rate cut

SYDNEY: The dollar slid in Asia on Monday as investors braced for a potential pivot this week for the global economy...

Published 04 Nov, 2024 09:36am

BR Research

Electricity tariffs go down… at the PBS

Electricity consumers in Pakistan paid less this year in October than a year ago. And only 5 percent higher than...

Published 04 Nov, 2024 09:32am

Promoting FDI inflows top priority: PM

Meets business delegation from UK

Updated 04 Nov, 2024 09:25am

Crowd hurls mud, insults at Spanish royals, PM on visit to flood zone

VALENCIA: Furious locals pelted Spain’s royals and premier on Sunday with mud and cries of “murderers!”, forcing...

Updated 04 Nov, 2024 09:23am

Grenade attack wounds several in IIOJK

OCCUPIED SRINAGAR: Illegally Indian Occupied Jammu and Kashmir (IIOJK) chief minister on Sunday condemned a “deeply...

Updated 04 Nov, 2024 09:23am

Scholz summons two ministers over rival plans to fix economy

BERLIN: German Chancellor Olaf Scholz will hold meetings with his top two ministers to seek common ground after they...

Updated 04 Nov, 2024 09:21am

BR Research

MPC meeting: a bonanza is coming

A record month-on-month rise of over a trillion rupees in gross banking advances; nearing nine percent over Sep-24,...

Published 04 Nov, 2024 09:20am

Pakistan

Govt shuts primary schools in Lahore over record pollution

LAHORE: Senior Provincial Minister Marriyum Aurangzeb has said that easterly winds coming from India are pushing air...

Updated 04 Nov, 2024 09:16am

BR Research

Mahmood Textile Mills Limited

Mahmood Textile Mills Limited (PSX: MEHT) was incorporated in Pakistan as a public limited company in 1970. The...

Published 04 Nov, 2024 09:14am

Imran, Nawaz summoned by Election Commission

ISLAMABAD: The Election Commission of Pakistan (ECP) has summoned two former prime ministers, PTI founder Imran...

Updated 04 Nov, 2024 08:44am

Punjab police recover missing counsel for IK

ISLAMABAD: The incarcerated founding Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan’s counsel Intezar Hussain...

Updated 04 Nov, 2024 08:43am

PCGA reveals significant cotton output decline YoY

LAHORE: The Pakistan Cotton Ginners Association (PCGA) released its latest data on cotton production, revealing a...

Updated 04 Nov, 2024 08:42am

US election 2024 outcome uncertain in seven key states

DETROIT/LITITZ, (Pen-nsylvania): Democrat Kamala Harris made her closing pitch for the US presidency at a...

Updated 04 Nov, 2024 08:41am

BR’s refresher: your morning briefing for the day

Important updates from November 2 and November 3, 2024

Updated 04 Nov, 2024 08:28am

Opinion

Missteps and missed marks: macroeconomic stability is just a distant mirage

Despite ostensibly achieving some macroeconomic stability—as evidenced by falling inflation, a stable exchange rate,...