Latest News

All Markets Business & Finance World Pakistan Editorials

Markets

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

World

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

World

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

World

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

World

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

World

Health ministry in Hamas-run Gaza says war death toll at 43,764

The health ministry in Hamas-run Gaza said Friday that at least 43,764 people have been killed in more than 13...

Published 15 Nov, 2024 05:51pm

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

World

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 06:21pm

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

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

World

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

Pakistan

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 07:04pm

World

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

Markets

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 04:44pm

Markets

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

Life & Style

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

Pakistan

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 04:35pm

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 06:34pm

Markets

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

Markets

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

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

Markets

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

Markets

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

Sports

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

Markets

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

World

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 15 Nov, 2024 02:40pm

World

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

World

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

World

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

Markets

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

World

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

Markets

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

Markets

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 06:14pm

Markets

Rupee registers marginal gain against US dollar

Currency settles at 277.67 against greenback in inter-bank market

Updated 15 Nov, 2024 06:33pm

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

World

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

Business & Finance

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

Markets

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

World

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

Markets

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

Business & Finance

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

Markets

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

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

Markets

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

Markets

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

Markets

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

Markets

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

World

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

Markets

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

Markets

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

Markets

Oil prices set for weekly loss on China demand fears

LONDON: Oil prices were steady on Friday, heading for a weekly loss, as investors mulled waning Chinese demand and a...

Updated 15 Nov, 2024 07:01pm

Markets

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

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 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

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

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

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

Business & Finance

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

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

World

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

World

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

World

Trump fills out cabinet as divisive picks shock Washington

WASHINGTON: All eyes were on Donald Trump’s transition team Thursday, after a series of provocative and startling...