News Archives for Latest - 2024-11-15

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Opinion

Existential threats, and need for 10-year economic, environmental, and epidemiological plan

The federal minister for planning and development, Ahsan Iqbal, reportedly indicated that the Prime Minister will...

Updated 21 Nov, 2024 04:13pm

Middle East

Strike hits south Beirut after Israel evacuation call

BEIRUT: An air strike hit the Lebanese capital’s southern suburbs on Friday, sending plumes of grey smoke into the...

Updated 16 Nov, 2024 04:32pm

Pakistan

Govt keeps petrol, diesel prices unchanged

Prices of petrol and HSD to remain at Rs248.38, and Rs255.14 per litre, respectively

Updated 16 Nov, 2024 12:36am

Pakistan

Unrestricted freedom of speech contributing to moral degradation: COAS Munir

Chief of Army Staff (COAS) General Syed Asim Munir warned on Friday that freedom of speech without regulatory...

Updated 15 Nov, 2024 11:43pm

Currency

Rupee registers marginal gain against US dollar

Currency settles at 277.67 against greenback in inter-bank market

Updated 15 Nov, 2024 11:43pm

Commodities

China to cut or cancel export tax rebates for products including aluminium

BEIJING: China’s finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of...

Published 15 Nov, 2024 11:09pm

World

Iran backs Lebanon in ceasefire talks, seeks end to ‘problems’

BEIRUT: Iran backs any decision taken by Lebanon in talks to secure a ceasefire with Israel, a senior Iranian...

Published 15 Nov, 2024 11:03pm

Business & Economy

1QFY25: With IMF in Islamabad, Punjab revises budget figures, now posts Rs40bn surplus

Finance ministry says with concurrence of the IMF, it has updated revised figures on its website, showing a surplus for Pakistan's most populous province

Updated 15 Nov, 2024 10:56pm

Energy

Oil prices on track for weekly loss as Chinese demand wanes

For the week, Brent set to fall 2.9% while WTI set to decline 3.6%

Updated 15 Nov, 2024 10:54pm

Europe

Scholz says Trump ‘more nuanced’ on Ukraine than assumed

BERLIN: German Chancellor Olaf Scholz said in an interview published Friday that Donald Trump privately held “more...

Published 15 Nov, 2024 10:47pm

Pakistan

Punjab declares health emergency in smog-hit Lahore, Multan

The Punjab government declared on Friday a health emergency in Lahore and Multan as the provincial capital...

Updated 15 Nov, 2024 10:44pm

Stocks

KSE-100 pulls back after brief run past 95,000, still closes at record high

Momentum driven by growing optimism on economic front

Updated 15 Nov, 2024 10:43pm

Business & Economy

CCoP reiterates ‘resolve to divest’ PIA shares, but adds G2G mode

Says will pursue its divestment through privatisation or government-to-government mode

Updated 15 Nov, 2024 10:29pm

USA

Donald Trump promises to end wars with a ‘strong military’

PALM BEACH: US President-elect Donald Trump on Thursday promised a “strong military”, as he repeated his pledge to...

Updated 15 Nov, 2024 10:28pm

Pakistan

Mobile internet services suspended in certain parts of Balochistan: PTA

The Pakistan Telecommunication Authority (PTA) on Friday announced that mobile internet services in certain areas of...

Updated 15 Nov, 2024 10:26pm

Pakistan

‘Used by terrorists’: interior ministry wants PTA to ban ‘illegal VPNs’ across Pakistan

Identifies 'alarming fact that VPNs are used by terrorists to obscure and conceal their communication'

Updated 15 Nov, 2024 10:25pm

Stocks

US stocks slump after Fed signals no rush to cut rates

WASHINGTON: Wall Street stocks slipped early Friday, after Federal Reserve Chair Jerome Powell signaled that the US...

Published 15 Nov, 2024 08:29pm

Middle East

Health ministry in Gaza says death toll at 43,764

The health ministry in Gaza said Friday that at least 43,764 people have been killed in more than 13 months of war...

Updated 15 Nov, 2024 08:08pm

Energy

PPL discovers hydrocarbon reserves in Sujawal

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has discovered hydrocarbon reserves from Pateji...

Updated 15 Nov, 2024 07:43pm

Mutual Funds

US yields extend rise after retail sales data

NEW YORK: US Treasury yields extended gains on Friday after data showed retail sales in the world’s largest economy...

Published 15 Nov, 2024 07:24pm

Commodities

Gold price per tola increases Rs1,300 in Pakistan

After declining in the previous session, gold prices in Pakistan went higher on Friday in line with their increase...

Updated 15 Nov, 2024 06:59pm

Bilawal hits out at govt over ‘shutdown of VPN’

Published 15 Nov, 2024 06:48pm

USA

Cracks deepen in Canada’s pro-immigration ‘consensus’

TORONTO: From the ground floor of a low-income apartment building in Toronto, Sultana Jahangir runs an organization...

Published 15 Nov, 2024 06:07pm

Europe

Fire in Spanish care home kills 10, injures two

MADRID: A fire erupted Friday in a home for the elderly and those with mental health issues in northeastern Spain,...

Published 15 Nov, 2024 06:01pm

South Asia

Primary schools empty as smog persists in Indian capital

NEW DELHI: Residents in India’s capital New Delhi again woke under a blanket of choking smog on Friday, a day after...

Published 15 Nov, 2024 05:56pm

Europe

Spanish regional leader admits ‘mistakes’ in handling deadly floods

VALENCIA: The head of Spain’s eastern Valencia region admitted Friday to “mistakes” in handing the country’s...

Published 15 Nov, 2024 05:52pm

Technology

US finalizes up to $6.6 bn funding for chip giant TSMC

WASHINGTON: The United States will award Taiwanese chip giant TSMC up to $6.6 billion in direct funding to help...

Published 15 Nov, 2024 05:45pm

Sports

40 arrests at tense France-Israel football match i Paris

PARIS: Police made 40 arrests at a tense football match between France and Israel in Paris but the city’s police...

Published 15 Nov, 2024 05:42pm

Pakistan

Woman held after performing Umrah with stolen gold

KARACHI: Police in Karachi on Thursday arrested a woman, who had stolen 20 tolas of gold from her neighbour’s home...

Updated 15 Nov, 2024 05:41pm

Sports

England paceman Reece Topley ruled out of rest of West Indies tour

LONDON: England paceman Reece Topley has been ruled out of the rest of the team’s white-ball tour of the West...

Published 15 Nov, 2024 05:38pm

Sports

Chris Wood hits quickfire double in NZ World Cup qualifying romp

WELLINGTON: Nottingham Forest striker Chris Wood continued his red-hot form with two goals in as many minutes for...

Published 15 Nov, 2024 05:37pm

Europe

Russian attacks on Ukraine energy could trigger ‘tipping point’: UN

GENEVA: The UN warned on Friday that renewed Russian targeting of Ukraine’s already devastated energy infrastructure...

Published 15 Nov, 2024 05:33pm

South Asia

Landslide win for Sri Lanka president’s leftist coalition in snap polls

COLOMBO: Sri Lankan President Anura Kumara Dissanayake thanked voters Friday for delivering his leftist coalition a...

Updated 15 Nov, 2024 05:13pm

Europe

Europe’s vaccine makers fall as Trump picks RFK Jr to lead top US health agency

LONDON: Shares in European vaccine makers fell in early trade on Friday after US President-elect Donald Trump said...

Published 15 Nov, 2024 04:49pm

World

Fragile countries make $20 billion climate finance push at COP29, letter says

BAKU: A group of conflict-affected countries is pushing at COP29 to double financial aid to more than $20 billion a...

Published 15 Nov, 2024 04:44pm

Money & Banking

BAFL operations in Bangladesh: central banks give green signal for due diligence facilitation

The central banks of Pakistan and Bangladesh have granted in-principle approval to Bank Alfalah Limited (BAFL) to...

Updated 15 Nov, 2024 04:42pm

Stocks

Japan’s Nikkei snaps 3-day slide as automakers and banks gain

TOKYO: Japan’s Nikkei share average snapped a three-session slide on Friday, as a weaker yen lifted automakers and...

Updated 15 Nov, 2024 04:39pm

Stocks

Australia shares post weekly loss as China’s stimulus dampens mining appetite

Australian shares rose on Friday but ended the week marginally lower as miners slumped, reflecting dampened investor...

Updated 15 Nov, 2024 04:37pm

Forex

China’s yuan on course for seventh weekly drop, longest losing streak since 2021

SHANGHAI: China’s yuan slipped against the dollar on Friday and looked set for the seventh straight weekly drop, the...

Updated 15 Nov, 2024 04:35pm

Commodities

Gold set for worst week in 3 years as US dollar rallies

Gold prices steadied near the previous session’s two-month lows on Friday and were poised for their worst weekly...

Updated 15 Nov, 2024 04:29pm

Commodities

London copper ticks up but heads for worst week in four months

London copper nudged up on Friday but was set for its worst week in four months amid a surging dollar and concerns...

Updated 15 Nov, 2024 04:27pm

Commodities

Palm rises after 3 days of fall, set for first weekly drop in four

JAKART: Malaysian palm oil futures rose on Friday after three straight sessions of losses but were on course for...

Updated 15 Nov, 2024 04:24pm

Stocks

China stocks log biggest weekly loss since July as output, home price data disappoints

HONG KONG: Chinese stocks had their biggest weekly loss since July, while Hong Kong shares erased early gains to end...

Updated 15 Nov, 2024 04:22pm

Recorder headlines

Published 15 Nov, 2024 04:11pm

Movies & Music

Film’s ‘search for Palestine’ takes centre stage at Cairo festival

CAIRO: The tale of a distinctly Palestinian road trip – through refugee camps and Israeli checkpoints – takes centre...

Published 15 Nov, 2024 03:02pm

Salaried class: Govt explains how tax burden can be lessened

Will reduce tax burden on salaried class and withdraw tax on milk if FBR is able to recover Rs 300 billion to Rs 350 billion of tax evasion from non-duty paid and smuggled cigarettes

Updated 15 Nov, 2024 02:55pm

Bilawal hits out at govt over ‘shutdown of VPN’

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto has flayed government over shutdown of VPN and...

Updated 15 Nov, 2024 02:55pm

IPPs talks and power sector: Minister to brief IMF team today

ISLAMABAD: Power Division’s team led by Minister for Power, Sardar Awais Ahmad Khan Leghari is to give a detailed...

Updated 15 Nov, 2024 02:55pm

Punjab PA passes Agri Income Tax Bill, PPP stages walkout

LAHORE: The Punjab government has passed the Punjab Agricultural Income Tax Bill 2024 in the provincial assembly...

Updated 15 Nov, 2024 02:55pm

Mini-budget: Minister says ‘it will be premature to comment’

ISLAMABAD: Minister of State for Revenue Ali Pervez Malik said Thursday that it would be premature to comment...

Updated 15 Nov, 2024 02:54pm

Commodities

Japan rubber futures close higher on weaker yen, but post weekly fall

SINGAPORE: Japanese rubber futures rose on Friday, helped by a weaker yen, but posted their third weekly fall in...

Updated 15 Nov, 2024 02:32pm

Stocks

Europe’s STOXX 600 opens lower as tech, healthcare shares drag

Europe’s STOXX 600 opened lower on Friday, dragged by technology and healthcare stocks, keeping the index on track...

Published 15 Nov, 2024 02:20pm

New Zealand MPs stage haka protest against Indigenous treaty bill in parliament

New Zealand’s parliament was briefly suspended on Thursday (November 14) after Maori members staged a haka to...

Published 15 Nov, 2024 02:16pm

Life & Style

Brother of late Harrods owner also accused of sexual violence: BBC

LONDON: Three women formerly employed by Harrods have accused the brother of its late boss Mohamed Al-Fayed of...

Published 15 Nov, 2024 02:03pm

Commodities

Asia gold: India premiums reach 4-month peak as price drop attracts customers

Physical gold premiums in India climbed to a near four-month high this week, driven by a rebound in demand as prices...

Published 15 Nov, 2024 12:53pm

Forex

South African rand extends losses; S&P rating review due

JOHANNESBURG: The rand eased early on Friday, extending a week of losses following Donald Trump’s U.S. election win,...

Published 15 Nov, 2024 12:43pm

Cricket

Rahul hit by friendly fire while Kohli defies injury concerns

MELBOURNE: India opener KL Rahul left the field after being struck on the elbow by fast-bowling teammate Prasidh...

Published 15 Nov, 2024 12:41pm

Forex

Kenyan shilling stable; export dollar inflows match demand

NAIROBI: The Kenyan shilling was barely changed on Friday, as dollar supply from exports matched demand from the...

Published 15 Nov, 2024 12:35pm

Europe

One dead, thousands without heating after Russian strike on Ukraine port city

KYIV: A massive Russian attack that set apartments alight and knocked out heating to thousands in Ukraine’s southern...

Published 15 Nov, 2024 12:22pm

South Asia

Magnitude 6.6 quake strikes off Papua New Guinea

SYDNEY: A magnitude 6.6 earthquake rattled Papua New Guinea on Friday, the United States Geological Survey said,...

Published 15 Nov, 2024 12:19pm

Europe

UK economy grows by just 0.1% in Q3

Britain’s economy grew by a slower than expected 0.1% in the third second quarter of 2024, official figures showed...

Published 15 Nov, 2024 12:12pm

Sports

Medvedev targets improvement after ‘6.5/10’ year

Daniil Medvedev said he needs to “build a better version” of himself after Thursday’s ATP Finals defeat to Jannik...

Published 15 Nov, 2024 12:04pm

Financial

JGB yields rise on BOJ rate-hike bets, Powell’s comments weigh

TOKYO: Japanese government bond (JGB)yields rose on Friday, as a weak yen raised bets for a Bank of Japan rate hike,...

Published 15 Nov, 2024 12:02pm

Sports

Tyson takes a swipe at Paul ahead of highly anticipated fight

Mike Tyson could not wait to put on the gloves to take a shot at upcoming opponent Jake Paul, striking the social...

Published 15 Nov, 2024 11:58am

USA

Elon Musk met with Iran’s UN ambassador, New York Times reports

WASHINGTON: Billionaire Elon Musk, who is an adviser to U.S. President-elect Donald Trump, met with Iran’s...

Published 15 Nov, 2024 11:37am

Technology

TikTok makes AI driven ad tool available globally

SAN FRANCISCO: TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered...

Published 15 Nov, 2024 10:34am

Asia

North Korean leader orders ‘mass production’ of attack drones

SEOUL: North Korean leader Kim Jong Un has ordered the “mass production” of attack drones, state media reported...

Published 15 Nov, 2024 10:31am

Stocks

Asian markets fluctuate at end of tough week

HONG KONG: Asian markets were mixed Friday after Federal Reserve boss Jerome Powell tempered expectations for...

Published 15 Nov, 2024 10:27am

Companies

Lenovo plans global factory expansion as Q2 results beat; eyes AI growth

BEIJING: Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside...

Published 15 Nov, 2024 10:13am

Business & Finance

Indonesia’s exports, imports beat forecasts, trade surplus less than expected

JAKARTA: Indonesia reported stronger-than-expected export and import growth in October, amid strong agriculture...

Published 15 Nov, 2024 10:04am

Commodities

China October aluminium output rises on firm demand, higher prices

SINGAPORE: China’s October aluminium output rose from a year earlier, official data showed on Friday, with a firm...

Published 15 Nov, 2024 10:01am

Commodities

Iron ore falters on China property woes, heads for weekly loss

SINGAPORE: Iron ore futures prices fell for a second straight session on Friday and were set for a weekly decline,...

Published 15 Nov, 2024 09:57am

South Asia

Malaysia’s economy grows 5.3% y/y in Q3

KUALA LUMPUR: Malaysia’s economy grew 5.3% in the third quarter from a year earlier, slowing from an 18-month high...

Published 15 Nov, 2024 09:52am

Markets

BOJ may offer hints of next rate-hike timing in Ueda’s closely watched speech

TOKYO: Bank of Japan Governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city...

Published 15 Nov, 2024 09:48am

Forex

Dollar eyes weekly gain on slower Fed easing, inflation outlook

SINGAPORE: The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer...

Published 15 Nov, 2024 09:37am

ECC directs NAB to surrender lapsable funds

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed National Accountability Bureau...

Updated 15 Nov, 2024 09:28am

Pakistan

26th Constitutional Amendment: SCBA body disowns its secretary’s statement

ISLAMABAD: The Executive Committee of the Supreme Court Bar Association (SCBA) disowned the statement of its...

Updated 15 Nov, 2024 09:25am

Taxes

Appeal system becomes dysfunctional: Uncertainty surrounds Rs2.7trn tax litigations: PTBA

KARACHI: The country’s tax appeal system has fallen into “dysfunction” phase six months after major reforms were...

Updated 15 Nov, 2024 09:23am

NFP, agri tax review: Provincial govts to face IMF scrutiny today

ISLAMABAD: The International Monetary Fund (IMF) team is set to question the provincial governments on Friday (Nov...

Updated 15 Nov, 2024 09:20am

Pakistan

Constitutional bench dismisses review plea against Isa

ISLAMABAD: The constitutional bench of the Supreme Court dismissed a review petition against the appointment of Qazi...

Updated 15 Nov, 2024 08:50am

NA body told: 115 development projects may be delayed

ISLAMABAD: The Ministry of Communications has apprised a parliamentary panel on Thursday that on-going 115...

Updated 15 Nov, 2024 08:50am

BR Research

The Fund must not behave like an accountant

It takes one to know one. The only IMF structural adjustment program ever successfully implemented by Pakistan was...

Published 15 Nov, 2024 08:32am

BR Research

Strong dollar weakens oil

Following Donald Trump’s historic return to the White House, the US dollar has gone on to a bull rally, seeing it...

Published 15 Nov, 2024 08:26am

BR’s refresher: your morning briefing for the day

Important updates from November 14, 2024

Published 15 Nov, 2024 08:24am

Opinion

Decentralising power: a provincial pathway for Pakistan’s energy future

Pakistan’s energy sector is at a crossroads, with a decades-long struggle to privatise its Distribution Companies...

Updated 15 Nov, 2024 08:16am

BR Research

Pak Leather Crafts Limited

Pak Leather Crafts Limited (PSX: PAKL) is incorporated in Pakistan as a public limited company. It was established...

Published 15 Nov, 2024 08:15am

Opinion

Countering sales tax frauds

Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that...

Updated 15 Nov, 2024 08:11am

Commodities

Local gold prices plummet

KARACHI: The local gold prices plummeted on Thursday, mirroring the global market slump, traders said. Gold prices...

Published 15 Nov, 2024 07:43am

Pakistan

Minister orders action against corrupt officials in NHA

ISLAMABAD: Adopting a zero tolerance policy in the National Highways Authority (NHA), Federal Minister for...

Published 15 Nov, 2024 07:42am

Pakistan

Toshakhana-I case: NAB urges IHC to nullify sentences to IK, Bushra

ISLAMABAD: The National Accountability Bureau (NAB) on Thursday requested the Islamabad High Court (IHC) to nullify...

Published 15 Nov, 2024 07:40am

Energy

Ogra organises workshop

ISLAMABAD: In a significant move to enhance transparency, accountability, and operational efficiency in Pakistan’s...

Updated 15 Nov, 2024 07:38am

Industry

Pakistan’s climate challenges: OICCI highlights critical role of private sector at COP29

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) underscored the essential role of...

Published 15 Nov, 2024 07:34am

Pakistan

PHC grants transit bail to Gandapur for three weeks

PESHAWAR: The Peshawar High Court (PHC) on Thursday granted transit bail for three weeks to Chief Minister Ali Amin...

Published 15 Nov, 2024 07:32am

Pakistan

PM urges nation to offer Salat-Al-Istisqa

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday called upon the nation to offer Salat-Al-Istisqa or prayer for...

Published 15 Nov, 2024 07:32am

Pakistan

Prisoner of Adiala Jail dreams of bloody revolution: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that the prisoner of Adiala Jail is dreaming of a bloody...

Published 15 Nov, 2024 07:30am

Pakistan

PTI’s Faisal Javed Khan acquitted

ISLAMABAD: A local court on Thursday acquitted Pakistan Tehreek-e-Insaf (PTI) leader Faisal Javed Khan from a case...

Published 15 Nov, 2024 07:28am

Business & Finance

Regulatory reforms: Public-private dialogue in key agricultural markets held

ISLAMABAD: Following the directives of the Prime Minister, the Public-Private Dialogue on Regulatory Reforms in Key...

Published 15 Nov, 2024 07:27am

Energy

Reon Energy, FrieslandCampina Engro sign solar partnership

KARACHI: FrieslandCampina Engro Pakistan Limited, a leader in Pakistan’s dairy industry, has announced a 3.4MW...

Published 15 Nov, 2024 07:25am

Pakistan

Development projects in Islamabad: Review meeting held to assess progress

ISLAMABAD: Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa led a review meeting on Thursday to...

Published 15 Nov, 2024 07:25am

Industry

SBP holds ‘Islamic Banking’ seminar at HCSTSI Secretariat

HYDERABAD: President of Hyderabad Chamber of Small Traders & Small Industry (HCSTSI), Muhammad Saleem Memon...

Published 15 Nov, 2024 07:24am

Business & Finance

SECP notifies Regulations for securities managers

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has allowed eligible securities brokers to...

Published 15 Nov, 2024 07:23am

Pakistan

Private healthcare facilities: Senate body for setting price benchmark for lab tests

ISLAMABAD: The Senate Standing Committee on National Health Services, Regulations, and Coordination (NHSRC) called ...

Published 15 Nov, 2024 07:20am

Pakistan

Suicide bomber failed to target police van in Charsadda

PESHAWAR: A suicide bomber in Akhun Dheri area of district Charsadda on Thursday failed to hit his intended target, ...

Published 15 Nov, 2024 07:19am

Pakistan

Telenor CEO urges NUST graduates to embrace resilience, innovation

ISLAMABAD: The Chief Executive Officer (CEO) Telenor Pakistan urged NUST graduates to embrace resilience and...

Updated 15 Nov, 2024 07:16am

Companies

Group’s portfolio: VEON chief recognizes JazzCash as ‘crown jewel’

KARACHI: VEON Group’s Chairman and Founder Augie K Fabela II, recognized JazzCash as the "crown jewel" in their...

Published 15 Nov, 2024 07:15am

Stocks

Indian shares log sixth weekly losses in seven on dull earnings

MUMBAI: Indian shares inched lower on Thursday, logging their sixth weekly loss in seven, as worries about a ...

Updated 15 Nov, 2024 07:12am

Stocks

Gulf bourses end mixed with focus on Fed

DUBAI: Stock markets in the Gulf ended mixed on Thursday as investors assessed the monetary policy and inflation...

Published 15 Nov, 2024 07:11am

Stocks

China, HK stocks dip as property incentives underwhelm

HONG KONG: Stocks in China and Hong Kong slid on Thursday, after Beijing’s latest measures to revive the ...

Published 15 Nov, 2024 07:10am

Stocks

STOXX 600 jumps as energy and tech lead the charge

FRANKFURT: Europe’s STOXX 600 bounced back with a 1% gain, driven by strong performances in the energy and...

Published 15 Nov, 2024 07:09am

Stocks

Wall St little changed after in-line monthly producer prices

NEW YORK: Wall Street’s main indexes were subdued on Thursday after monthly producer prices rose as expected, with...

Published 15 Nov, 2024 07:07am

Money & Banking

Asian currencies extend losses

BENGALURU: Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on...

Updated 15 Nov, 2024 07:06am

Stocks

Sri Lankan shares end higher

COLOMBO: Sri Lankan shares closed higher for a sixth straight session on Thursday, aided by gains in information...

Published 15 Nov, 2024 07:05am

Money & Banking

Dollar extends advance on Trump trade momentum

NEW YORK: The US dollar extended its recent advance against major peers on Thursday, trading at a one-year high and...

Published 15 Nov, 2024 07:05am

Money & Banking

China’s yuan falls to 3-month low

SHANGHAI: China’s yuan fell to its lowest level against the US dollar in more than three months on Thursday, as...

Published 15 Nov, 2024 06:58am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 27.175...

Published 15 Nov, 2024 06:58am

Commodities

Japanese rubber futures firm

SINGAPORE: Japanese rubber futures held steady on Thursday, hovering around a near three-month low, as traders...

Published 15 Nov, 2024 06:56am

Commodities

Iron ore retreats on firmer supply

SINGAPORE: Iron ore futures prices retreated on Thursday as supply of the key steelmaking ingredient remained firm...

Published 15 Nov, 2024 06:55am

Cotton & Textile

Lean business on cotton market

LAHORE: The local cotton market on Thursday remained steady and the trading volume remained low. Cotton Analyst...

Published 15 Nov, 2024 06:54am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (November 14, 2024)...

Published 15 Nov, 2024 06:52am

Grain

Asia rice: Demand concerns weigh on Vietnam rates

BENGALURU, MUMBAI, HANOI, BANGKOK AND BANGLADESH: Vietnam’s rice export prices dipped to their lowest in more than...

Published 15 Nov, 2024 06:50am

Commodities

Asia coffee: Prices pick up in Vietnam, supplies dwindle in Indonesia

HANOI/BANDAR LAMPUNG, (Indonesia): Domestic coffee prices in Vietnam edged up this week following an increase in...

Published 15 Nov, 2024 06:48am

Energy

Oil prices largely steady

LONDON: Oil prices were largely steady on Thursday, with traders holding fire after declines earlier this week on a...

Published 15 Nov, 2024 06:47am

Commodities

Gold slips on dollar strength; focus on US data

NEW YORK: Gold prices fell over 1% on Thursday, hitting a two-month low, pressured by a strong US dollar, while...

Updated 15 Nov, 2024 06:45am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 138,550 tons of cargo comprising 74,754 tonnes of import cargo and 63,796...

Published 15 Nov, 2024 06:43am

Commodities

Copper prices fall to attract consumers buying

LONDON: Copper prices continued to fall for their fifth consecutive session on Thursday to their three-month low on...

Published 15 Nov, 2024 06:42am

Commodities

Malaysian palm oil falls

JAKARTA: Malaysian palm oil futures closed lower for a third consecutive session on Thursday, weighed down by...

Updated 15 Nov, 2024 06:41am

Companies

Samba Bank Limited: BAFL withdraws PAI to acquire SNB shareholding

KARACHI: Bank Alfalah Limited (BAFL) has withdrawn its public announcement of intention (PAI) to acquire 84.51...

Published 15 Nov, 2024 06:40am

Pakistan

Major among two martyred in Harnai

ISLAMABAD: Two soldiers, including an army officer, were martyred during a military operation in Balochistan’s...

Published 15 Nov, 2024 06:39am

Europe

VAT fraud ring broken in Europe, 520m euros seized

ROME: Investigators have broken up a mafia-linked crime ring carrying out VAT fraud in Europe, issuing around 40...

Published 15 Nov, 2024 06:36am

Europe

EU fines Meta $840m for ‘abusive’ Facebook ad practices

BRUSSELS: The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by ...

Published 15 Nov, 2024 06:32am

Editorials

Investment versus deposit

EDITORIAL: Pakistan’s Advance to Deposit Ratio (ADR), defined as comparing banks total loans to total deposits...