News Archives for Latest - 2024-06-24

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Archive - 2024-06-24

India into T20 World Cup semi-finals with 24-run win over Australia

GROS-ISLET: India beat Australia by 24 runs in St. Lucia on Monday to reach the semi-finals of the T20 World Cup....

Published 24 Jun, 2024 11:46pm

Business & Economy

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Updated 24 Jun, 2024 11:02pm

Stocks

KSE-100 closes 578 points lower as investors look to book gains

Selling pressure was observed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index lost 578 points...

Updated 24 Jun, 2024 10:53pm

Israeli defense minister vows hostage efforts in US talks

WASHINGTON: Israel's defense minister on Monday vowed during a visit to Washington to work to bring back hostages...

Published 24 Jun, 2024 10:52pm

Business & Economy

Aurangzeb assures ‘favourable outcomes’ for public, business in final budget

Finance Division says recommendations being noted and will be considered in finalisation of budget

Updated 24 Jun, 2024 10:50pm

CJP Isa says PTI-backed independents ‘committed suicide’ by merging with SIC

Chief Justice of Pakistan (CJP) Qazi Faez Isa on Monday said the independents backed by the Pakistan Tehreek-e-Insaf...

Updated 24 Jun, 2024 10:47pm

In meeting with Bill Gates, PM vows to eradicate polio from country

Prime Minister Shehbaz Sharif on Monday reaffirmed his resolve to completely eradicate polio from the country. He...

Published 24 Jun, 2024 10:25pm

IT exports will cross $3bn this year, says Shaza Fatima

Minister of State for Information Technology says training will begin with Google, Microsoft, and other leading IT companies to prepare at least 1.5 million IT-certified individuals over the next five years

Updated 24 Jun, 2024 10:33pm

Rohit powers India to 205-5 against Australia in T20 World Cup

GROS-ISLET: Rohit Sharma struck a quickfire 92 as India looked to book their place in the semi-finals of the T20...

Updated 24 Jun, 2024 09:39pm

Energy

Oil prices push higher as demand expectations offset dollar strength

NEW YORK: Oil prices edged up on Monday on the prospect of strong summer fuel demand and rising geopolitical...

Updated 24 Jun, 2024 09:25pm

PCB chief Naqvi approves plan for promoting quality domestic cricket

Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi on Monday gave in-principle approval to a plan to promote quality...

Updated 24 Jun, 2024 09:23pm

Energy

Equity swap only option to address circular debt issue, says PSO

The management of Pakistan State Oil (PSO), the country’s largest oil-marketing company (OMC), believes equity swap...

Updated 24 Jun, 2024 09:22pm

Europe

Ukraine has hit over 30 Russian oil refineries, depots, Zelenskiy says

President Volodymyr Zelenskiy said on Monday that Ukraine has hit more than 30 Russian oil processing and storage...

Published 24 Jun, 2024 08:45pm

Exchange

Rupee records marginal loss against US dollar

Currency settles at 278.62 against greenback in inter-bank market

Updated 24 Jun, 2024 07:48pm

Middle East

Dubai to build $8bn stormwater runoff system after record floods

DUBAI: Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an...

Published 24 Jun, 2024 07:23pm

MENA

Israeli airstrike kills eight Palestinians at Gaza aid centre

CAIRO: Eight Palestinians were killed on Sunday by an Israeli airstrike on a training college near Gaza City being...

Updated 24 Jun, 2024 07:10pm

Stocks

US stocks flat ahead of inflation data, presidential debate

NEW YORK: Wall Street stocks were little changed early Monday at the start of a week that includes a US presidential...

Published 24 Jun, 2024 06:58pm

Gill to lead India in T20 tour of Zimbabwe

NEW DELHI: Opening batsman Shubman Gill will lead a second-string Indian team named on Monday for their tour of...

Published 24 Jun, 2024 06:55pm

Energy

US natgas prices ease to 2-week low on output rise, lower demand forecast

US natural gas futures eased about 1% to a two-week low on Monday as output slowly rises and on forecasts for less...

Published 24 Jun, 2024 06:42pm

Europe

Russia stepping up attacks with banned chemical agent: Kyiv

KYIV: Ukraine accused Russia on Monday of stepping up frontline attacks using prohibited hazardous chemicals,...

Published 24 Jun, 2024 06:02pm

Afghan fans aglow after historic Australia T20 World Cup win

KABUL: Beleaguered Afghans were riding high Monday after a historic weekend T20 World Cup victory over Australia...

Published 24 Jun, 2024 05:34pm

South Africa’s Shamsi hits out at ‘ridiculous’ T20 World Cup critics

NORTH SOUND: South Africa leg-spinner Tabraiz Shamsi lambasted his team’s “ridiculous” critics after the Proteas won...

Published 24 Jun, 2024 05:29pm

Stocks

Europe stocks rise with French vote on horizon

LONDON: European stock markets attempted to rebound Monday despite jitters over the first round of French elections...

Updated 24 Jun, 2024 05:24pm

Europe

Russian strike in east Ukraine kills four, wounds 34: official

KYIV: Russian strikes on the eastern Ukrainian town of Pokrovsk killed four people and wounded dozens more on...

Published 24 Jun, 2024 05:22pm

Forex

Sterling edges up against softer dollar

LONDON: The pound edged higher against a broadly softer dollar on Monday, as markets looked beyond Britain’s...

Published 24 Jun, 2024 05:16pm

Turkiye have advantage in battle with Czechs for knockout place

HAMBURG: Turkiye talented team are in a strong position to put past disappointment behind them and qualify for the...

Updated 24 Jun, 2024 05:09pm

Pakistan’s Kamal Siddiqi among 7 journalists to receive prestigious award in Manila

Pakistani journalist Kamal Siddiqi received the prestigious ‘Journalists Courage and Impact Award’ at the East-West...

Published 24 Jun, 2024 04:15pm

Asia

South Korea battery plant fire kills 22 people, most of them Chinese, officials say

HWASEONG: A powerful explosion set on fire a lithium battery factory in South Korea on Monday, killing 22 workers,...

Updated 24 Jun, 2024 03:11pm

Europe

Turkiye wildfire toll hits 15 as experts flag faulty wires

DIYARBAKIR: The death toll from a massive wildfire that ripped through Turkiye mainly Kurdish southeast last week...

Published 24 Jun, 2024 03:01pm

Dutch skipper Van Dijk understands criticism of his team at Euro 2024

WOLFSBURG: Netherlands captain Virgil van Dijk said he understands the criticism of his team at the European...

Published 24 Jun, 2024 02:36pm

Stocks

London’s FTSE 100 flat; energy, miners lead decline

London’s FTSE 100 was flat on Monday as investors turned cautious ahead of key inflation data in the United States,...

Published 24 Jun, 2024 02:31pm

Europe

EU agrees new sanctions against Russia

EU countries on Monday agreed on a new package of sanctions against Russia over its war in Ukraine. The EU’s 14th...

Published 24 Jun, 2024 02:30pm

Movies & Music

Vogue World brings together fashion and sport in Paris

PARIS: Paris played host Sunday to an ultra-glitzy collision between fashion and sport as Vogue put on its latest...

Published 24 Jun, 2024 01:53pm

Forex

Kenyan shilling stable, horticulture inflows offset manufacturers’ FX demand

NAIROBI: Kenya’s shilling held steady on Monday as dollar supply from non-governmental organisations and exporters...

Published 24 Jun, 2024 01:52pm

Stocks

Gulf markets mixed in early trade; U.S inflation data in focus

Stock markets in the Gulf put a mixed performance in early trading on Monday, as investors awaited a key US...

Published 24 Jun, 2024 01:51pm

Foreign travel ban on non-filers: NICOP holders, minors, students to be exempted

Tax expert questions how FBR would impose ban on non-filers (family members), who are actually dependent on the filer

Updated 24 Jun, 2024 01:33pm

Commodities

Gold price per tola increases Rs500 in Pakistan

In the local market, gold price per tola stood at Rs242,000

Published 24 Jun, 2024 12:58pm

Mutual Funds

JGB yields rise on BOJ tightening bets amid yen slide

TOKYO: Japanese government bond yields rose on Monday amid hawkish undertones in a summary of opinions from this...

Published 24 Jun, 2024 12:42pm

West Indies exit with pride after bringing the buzz back to Caribbean cricket

West Indies captain Rovman Powell said his team should take pride in bringing the buzz back to Caribbean cricket...

Published 24 Jun, 2024 12:38pm

Forex

South African rand weakens, focus on cabinet announcement

JOHANNESBURG: The South African rand was weaker in early trade on Monday, as markets awaited President Cyril...

Published 24 Jun, 2024 12:34pm

Value-added textile exporters reject 29pc standard taxation

LAHORE: Value-added textile exporters have rejected the proposed shift from one percent turnover-based Final Tax...

Updated 24 Jun, 2024 12:33pm

Europe

Russia hits infrastructure in Odesa, casualties reported, Ukraine says

KYIV: A Russian attack on Ukraine’s southern city of Odesa on Monday struck civilian infrastructure and caused...

Published 24 Jun, 2024 12:24pm

Mutual Funds

Euro zone government bond yields edge down before Ifo data

Euro zone government bond yields slipped on Monday as investors awaited the Ifo German business survey, after weak...

Published 24 Jun, 2024 12:20pm

Europe

Europeans fear Middle East on brink after ‘unacceptable’ Hezbollah threats

PARIS: European foreign policy chief Josep Borrell said on Monday that the Middle East was close to seeing the...

Published 24 Jun, 2024 12:14pm

Southgate still the right coach for England despite Euro 2024 struggles: Kane

BLANKENHAIN: Harry Kane has thrown his support behind Gareth Southgate amid criticism coming the way of the England...

Published 24 Jun, 2024 12:06pm

Europe

Will Hungary hijack the EU during its presidency?

BRUSSELS: Hungary takes over the European Union’s six-month rotating presidency on July 1, in the face of fears...

Published 24 Jun, 2024 11:58am

South Asia

Death toll from Indian toxic alcohol rises to 56: police

KALLAKURICHI: The death toll from a batch of toxic illegal alcohol in India had risen to 56, police said Monday,...

Published 24 Jun, 2024 11:53am

Commodities

Some Vietnam coffee farms thrive despite drought, but may not stop espresso price hikes

PLEIKU: Vietnamese coffee growers have been hit hard this year by the worst drought in nearly a decade, raising...

Published 24 Jun, 2024 11:49am

Commodities

Wheat slips to lowest since April on improving supply

CANBERRA: Chicago wheat futures on Monday fell to their lowest since April as the dollar strengthened and the supply...

Published 24 Jun, 2024 11:46am

Energy

Iran lowers July light crude oil price to Asia

Iran has set the official selling price (OSP) for its light crude oil grade for Asian buyers at $2.60 a barrel above...

Published 24 Jun, 2024 11:40am

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks opened on a negative note Monday following another weak lead from Wall Street, with...

Published 24 Jun, 2024 11:20am

France wait for Kylian Mbappe to return and the goals to flow at Euro 2024

DORTMUND: France appear almost certain to reach the last 16 at Euro 2024 but they are hoping to have Kylian Mbappe...

Published 24 Jun, 2024 11:18am

South Asia

India’s Modi to lay out third-term plans as parliament meets

NEW DELHI: Indian lawmakers begin taking their oaths Monday as parliament opens after an election setback forced...

Published 24 Jun, 2024 11:10am

South Africa beat West Indies to reach T20 World Cup semi-finals

NORTH SOUND: South Africa edged the West Indies by three wickets in a rain-affected Super Eights match on Sunday to...

Published 24 Jun, 2024 11:03am

Commodities

Copper inches lower as traders assess dull China demand, strong dollar

Copper futures inched lower on Monday, as a firmer dollar and concerns over muted demand from top consumer China...

Published 24 Jun, 2024 10:53am

Commodities

Palm firms but weaker crude, rival oils cap gain

BEIJING: Malaysian palm oil futures ticked up on Monday in range-trading after previous session’s sharp losses, but...

Published 24 Jun, 2024 10:50am

Forex

Australia, NZ dollars surge against yen, inflation tests loom

SYDNEY: The Australian and New Zealand dollars scaled new 17-year tops on the low yielding yen on Monday thanks to...

Published 24 Jun, 2024 10:48am

Bullion Rate

Gold edges higher on softer yields; US inflation data in focus

Gold prices edged up on Monday as Treasury yields fell, while investors awaited key US inflation data and Federal...

Published 24 Jun, 2024 10:46am

Jannik Sinner more confident ahead of Wimbledon after first grasscourt title

Jannik Sinner is primed for a Wimbledon title tilt after picking up his first grasscourt trophy at Halle on Sunday...

Published 24 Jun, 2024 10:43am

Forex

China, Hong Kong stocks fall ahead of key economic data from home and abroad

SHANGHAI: Mainland China and Hong Kong stocks fell on Monday, as investors cautiously awaited key economic data at...

Published 24 Jun, 2024 10:41am

Forex

China’s yuan steady near 7-month lows as traders eye yen and data

SHANGHAI: China’s yuan held steady around seven-month lows against the dollar on Monday and looked set for its sixth...

Published 24 Jun, 2024 10:37am

Energy

India’s LNG surge supports Asia’s imports in June: Russell

LAUNCESTON: Asia’s imports of liquefied natural gas (LNG) are expected to dip slightly in June from May, with...

Published 24 Jun, 2024 10:35am

Uruguay clinch 3-1 Copa America win over Panama

Maximilian Araujo, Darwin Nunez and Matias Vina scored as Uruguay beat Panama 3-1 in their Copa America Group C...

Published 24 Jun, 2024 10:32am

China’s ByteDance working with Broadcom to develop advanced AI chip, sources say

BEIJING: China’s ByteDance is working with US chip designer Broadcom on developing an advanced AI processor, two...

Published 24 Jun, 2024 10:28am

Mutual Funds

India bond yields seen little changed amid lack of fresh cues

MUMBAI: Indian government bond yields are expected to hold steady in early trading on Monday amid a lack of fresh...

Published 24 Jun, 2024 10:23am

Forex

Indian rupee likely to struggle after upbeat US data boosts dollar

MUMBAI: The Indian rupee is likely to be under pressure on Monday after US business activity crept up to...

Published 24 Jun, 2024 10:21am

Indonesia economy fundamentally strong, says senior minister

JAKARTA: Indonesia’s economy is fundamentally strong and growing beyond market expectations, its senior economic...

Published 24 Jun, 2024 10:16am

Stocks

Indian shares set to open lower; small-caps, mid-caps in focus

BENGALURU: Indian shares are set to open lower on Monday, with the focus on small- and mid-cap stocks after a report...

Published 24 Jun, 2024 10:13am

Stocks

Australian shares edge lower as commodity stocks drag; inflation data in focus

Australian shares edged lower on Monday, as losses in commodity stocks slightly overshadowed the gains in banking...

Published 24 Jun, 2024 10:07am

Stocks

Japan’s Nikkei squeezes out gains in choppy session

TOKYO: Japan’s Nikkei share average eked out gains on Monday after a mixed session on Wall Street last Friday, with...

Published 24 Jun, 2024 10:05am

Forex

Asia shares slip as inflation, politics call for caution

SYDNEY: Asia shares slipped on Monday in a countdown for US price data that investors are banking on to show a...

Published 24 Jun, 2024 10:02am

Forex

Dollar steady ahead of inflation reading; yen teeters toward 160

SINGAPORE: The dollar was steady on Monday as traders looked ahead to fresh clues on the US inflation path that will...

Published 24 Jun, 2024 09:57am

Budget: govt accepts all PPP demands?

Sources say government agrees to prefer PPP for development funds

Updated 24 Jun, 2024 09:32am

PM describes protection of citizens and foreigners as ‘paramount state priority’

LAHORE: Prime Minister Shehbaz Sharif affirmed the protection of Pakistani citizens and foreigners in Pakistan as a...

Updated 24 Jun, 2024 09:31am

KP to receive Rs1212bn in the head of federal transfers

PESHAWAR: The KP government will receive an estimated amount of Rs 1212 billion in head of federal transfers from...

Updated 24 Jun, 2024 09:17am

Parties stand divided over anti-terrorism operation

ISLAMABAD: The National Assembly’s budget session began on a stormy note on Sunday with Pakistan...

Updated 24 Jun, 2024 09:00am

Current account roundup 11MFY24

The current account posted a deficit of $270 million in May 2024 after three straight months of surplus. The deficit...

Published 24 Jun, 2024 08:55am

Power tariffs: There is some respite!

The base adjustment in Power Purchase Price (PPP) has been okayed by the regulator, and it is now a matter of days...

Published 24 Jun, 2024 08:50am

Non-performing bank loans: Finance bill proposes amendments in 7th Schedule

ISLAMABAD: Finance Bill 2024 has proposed amendments in Seventh Schedule (Banking Schedule) of the Income Tax...

Updated 24 Jun, 2024 08:47am

Interview with Mehvish Waliany – Chief Operating Officer – Alkaram

‘Our goal is to be the go-to brand for Pakistani women’ Mehvish Waliany leads Alkaram, one of Pakistan’s top apparel...

Published 24 Jun, 2024 08:46am

US slaps sanctions on leaders of Russia software firm Kaspersky

WASHINGTON: The United States unveiled sanctions Friday against 12 top leaders of the Russia-based cybersecurity ...

Published 24 Jun, 2024 08:45am

PFVA demands restoration of 1pc tax regime

KARACHI: Fruit and vegetable exporters have rejected the new proposed tax regime for exporters and demanded...

Updated 24 Jun, 2024 08:44am

HEC signs contract to automate Pakistani universities

ISLAMABAD: The Higher Education Commission (HEC) via its Higher Education Development Programme in Pakistan (HEDP)...

Updated 24 Jun, 2024 08:43am

Centre approves FC deployment in AJK

ISLAMABAD: Aimed at improving the security situation, the federal government approved on Sunday to deploy Frontier...

Updated 24 Jun, 2024 08:42am

Disposal of immovable property: 15pc flat rate on gain proposed

ISLAMABAD: Finance Bill 2024 has proposed a flat rate of 15 percent on gain from disposal of immovable property...

Updated 24 Jun, 2024 08:41am

BR’s refresher: your morning briefing for the day

Important updates from June 23 and June 24, 2024

Published 24 Jun, 2024 08:39am

Eurozone business activity growth slows sharply in June

BRUSSELS: The growth of business activity in the eurozone slowed down in June after the manufacturing sector posted...

Updated 24 Jun, 2024 08:38am

Middle East

More than 1,000 die in Hajj amid scorching temperatures

CAIRO/RIYADH, June 23 (Reuters) - More than 1,000 people died during Hajj this year, according to a Reuters tally, ...

Published 24 Jun, 2024 08:35am

Middle East

Drone attack damages merchant ship in Red Sea: UK agency

DUBAI: A drone attack damaged a merchant ship in the Red Sea near Yemen early Sunday morning, though no injuries ...

Published 24 Jun, 2024 08:30am

Nicaragua names envoy to Taliban-run Afghanistan

MANAGUA: Nicaragua has appointed an ambassador to Afghanistan, local media reported, in a rare move increasing ties...

Published 24 Jun, 2024 08:27am

Gaza: if you wrong us, shall we not revenge?

“If you prick us, do we not bleed? If you poison us don’t, we die? If you wrong us, shall we not revenge?” is...

Published 24 Jun, 2024 07:41am

Fixed charges: boon or bane for electricity consumers?

With the recent Discos tariff determination by power regulator Nepra, fixed charges have been introduced for ...

Published 24 Jun, 2024 07:33am

KP’s power woes

EDITORIAL: There appears to be little evidence, so far, of a sensible solution to the dispute that has erupted...

Published 24 Jun, 2024 07:31am

Stock market growth mirage

The stock market is booming, and the KSE 100 index has almost doubled in the past year. The market is at an all-time...

Published 24 Jun, 2024 07:25am

The FY25 budget

“I am from the corporate world”, Muhammad Aurangzeb, Federal Finance Minister, proudly stated in a post-budget...

Published 24 Jun, 2024 07:21am

Budget strengthens IMF deal prospects?

EDITORIAL: The rating agency Fitch reaffirmed Pakistan’s rating at CCC reflective of continuing external funding...

Published 24 Jun, 2024 07:16am

Karachiites protest against inflated bills, loadshedding

KARACHI: Protests against loadshedding and over billing erupted at 22 locations across the city, with the central...

Published 24 Jun, 2024 07:01am

The Weather

KARACHI: The weather report on Sunday (June 23, 2024) and the forecast for Monday (June 24, 2024)....