News Archives for Latest - 2024-06-25

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Archive - 2024-06-25

Business & Economy

PIA bidding process to take place in first week of August

The bidding process for the privatisation of Pakistan International Airlines (PIA) will be held in the first week of...

Updated 25 Jun, 2024 11:00pm

Operation Azm-e-Istehkam not political but national security effort: Asif

Says KPK CM Ali Amin Gandapur also attended Apex Committee meeting and had not raised any objections regarding the operation

Updated 25 Jun, 2024 11:00pm

Operation Azm-e-Istehkam to energise IBOs without population displacement: PM Shehbaz

Prime Minister Shehbaz Sharif clarified on Tuesday that Operation Azm-e-Istehkam was not a large-scale military...

Updated 25 Jun, 2024 10:59pm

Business & Economy

AJK govt presents over Rs220bn budget for FY2024-25

Development expenditure for upcoming fiscal year projected at Rs44 billion

Updated 25 Jun, 2024 10:58pm

Africa

At least 10 dead as police fire at anti-tax protesters in Kenya

NAIROBI: At least ten people were shot dead in Kenya’s capital on Tuesday, a paramedic said, as protests against tax...

Updated 25 Jun, 2024 10:55pm

Hamas says Israeli strike kills 10 relatives of group’s chief

GAZA STRIP: Palestinian group Hamas said an Israeli air strike early Tuesday killed 10 family members of its...

Published 25 Jun, 2024 10:55pm

South Asia

India’s Rahul Gandhi appointed as parliamentary leader of opposition: party secretary

NEW DELHI: Prime Minister Narendra Modi’s chief rival Rahul Gandhi was appointed Tuesday to lead India’s opposition...

Published 25 Jun, 2024 10:48pm

Commodities

Gold price per tola decreases Rs500 in Pakistan

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

Updated 25 Jun, 2024 10:25pm

India must focus on cutting inflation to 4%, says central bank governor

MUMBAI: Reserve Bank of India Governor Shaktikanta Das said on Tuesday that India needs a clear and unambiguous...

Published 25 Jun, 2024 09:27pm

Middle East

US seeking diplomatic deal to prevent Israel-Hezbollah conflict, Pentagon chief says

WASHINGTON: The United States is urgently working towards a diplomatic agreement that would allow Israeli and...

Published 25 Jun, 2024 09:14pm

Energy

Oil prices steady as markets zoom in on summer demand, inflation data

HOUSTON: Crude oil prices held steady on Tuesday as investors scrutinized summer driving demand and focused on U.S....

Updated 25 Jun, 2024 09:06pm

Business & Economy

After higher taxation, a quiet ‘revolution’ is taking place within Pakistan’s salaried group

Some members of 'Salaried Class Alliance Pakistan' hold press briefing at Karachi Press Club, outlining grievances with 'unfair taxation measures'

Published 25 Jun, 2024 07:39pm

SC says reserved seats cannot be allocated in deviance from principle of proportional representation

The Supreme Court adjourned the hearing of the case of the reserved seats until Thursday, stating that reserved...

Published 25 Jun, 2024 07:35pm

Business & Economy

Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion

Finance minister Aurangzeb says reduced sales tax to continue to apply on Hybrid Electric Vehicles, stationary items to remain exempted

Updated 25 Jun, 2024 07:32pm

Currency

Rupee registers marginal gain against US dollar

Currency settles at 278.50 against greenback in inter-bank market

Updated 25 Jun, 2024 07:20pm

Stocks

US stocks mostly up with Nasdaq higher

NEW YORK: Wall Street stocks mostly rose early Tuesday as Nvidia and some other artificial intelligence stocks were...

Published 25 Jun, 2024 07:20pm

Middle East

Iran’s Khamenei urges ‘high participation’ in presidential vote

TEHRAN: Iranian supreme leader Ayatollah Ali Khamenei called for “high participation” in Friday’s presidential...

Published 25 Jun, 2024 07:18pm

MENA

Dubai property boom is defying expectations of slowdown

Traditional markets like India, Pakistan to see investors join from Australia, UK, Europe

Updated 25 Jun, 2024 07:16pm

Europe

Kremlin says ‘preparing’ for India’s Modi to visit Russia

MOSCOW: The Kremlin on Tuesday said it was “preparing” for Indian Prime Minister Narendra Modi to visit Russia in...

Updated 25 Jun, 2024 06:39pm

Europe

Zelensky says ICC warrants show justice for Russia ‘inevitable’

KYIV: Ukrainian President Volodymyr Zelensky on Tuesday welcomed a decision from the International Criminal Court...

Published 25 Jun, 2024 06:26pm

Bollywood stars Sonam Kapoor, Janhvi Kapoor, Preity Zinta attend Paris Fashion Week

Several Bollywood celebrities were seen attending the couture shows in Paris as Janhvi Kapoor walked for Rahul...

Published 25 Jun, 2024 06:24pm

Stocks

KSE-100 loses another 292 points on profit-taking

The Pakistan Stock Exchange (PSX) witnessed another negative session on Tuesday as its benchmark KSE-100 Index lost...

Published 25 Jun, 2024 05:57pm

Travel

Sunbed wars: Greece tries to rein in beach chaos

PEFKOCHORI, Greece: The waves of the Aegean Sea lap gently at the tables and chairs of two beach restaurants on...

Published 25 Jun, 2024 05:49pm

Hazlewood doubts ‘drastic’ changes despite Australia World Cup exit

GROS-ISLET: Fast bowler Josh Hazlewood believes there is no “drastic” need to cull Australia’s ageing squad despite...

Published 25 Jun, 2024 05:43pm

South Africa face test of nerves and Afghanistan in World Cup semis

South Africa’s bid to lift a first major cricket trophy could come down to whether they can finally shed the...

Published 25 Jun, 2024 05:33pm

MENA

Israeli airstrikes kill at least 24 in Gaza City

CAIRO: Israeli forces killed at least 24 Palestinians in three separate airstrikes on Gaza City early on Tuesday,...

Updated 25 Jun, 2024 04:21pm

Japan’s royals: tradition, myths and Instagram

TOKYO: As Emperor Naruhito and Empress Masako make the first Japanese state visit to Britain since 1998, here are...

Published 25 Jun, 2024 04:12pm

Celebrations erupt in Afghan cities after World Cup heroics

KABUL: Rare celebrations erupted in multiple Afghan cities on Tuesday after the national cricket team reached the...

Published 25 Jun, 2024 03:45pm

Stocks

European shares open lower on Airbus, tech drag

European shares opened lower on Tuesday, as industrial stocks came under pressure following Airbus’s dour update,...

Published 25 Jun, 2024 02:21pm

Europe

Hot spell hits summer crops in east Europe, but a relief in northwest

PARIS: A heatwave due to spread throughout Europe this week is set to take a heavy toll on summer crops in the...

Published 25 Jun, 2024 02:20pm

Forex

Russian rouble strengthens vs dollar in opaque, volatile trade

MOSCOW: The Russian rouble strengthened in volatile, low volume trade on Tuesday, with the Russian market still...

Published 25 Jun, 2024 02:18pm

Luxury

Dior nods to sports with jersey fabrics in Paris haute couture show

PARIS: Christian Dior designer Maria Grazia Chiuri nodded to sports with an haute couture runway show in Paris on...

Published 25 Jun, 2024 02:05pm

Movies & Music

Snoop Dogg lights up U.S. trials in sprint, commentary stint

Turns out Snoop Dogg is not just fast on the microphone – he is no slouch on the track either. The American rapper...

Published 25 Jun, 2024 01:55pm

Stocks

FTSE 100 edges higher as oil offsets defence slide

UK’s FTSE 100 edged higher on Tuesday as gains in energy shares offset declines in defence stocks, while investors...

Published 25 Jun, 2024 01:20pm

Croatia coach Dalic angered by length of added time in Italy draw

LEIPZIG: Croatia coach Zlatko Dalic said the length of added time in his team’s heartbreaking 1-1 draw with Italy at...

Published 25 Jun, 2024 01:14pm

Spain coach urges exciting team to keep feet on the ground at Euro 2024

DÜSSELDORF: Spain coach Luis de la Fuente told his team not to get carried away after they completed the group stage...

Published 25 Jun, 2024 01:10pm

WikiLeaks says Julian Assange is ‘free’, has left UK

WASHINGTON: Julian Assange was released from prison Monday and has left Britain, WikiLeaks said, as he reached a...

Updated 25 Jun, 2024 01:08pm

USA

US urges Israel’s defence minister to avoid Lebanon escalation

WASHINGTON: US Secretary of State Antony Blinken called on Israel during a Monday meeting with its defence minister...

Published 25 Jun, 2024 01:07pm

Belgium aim to emerge top of four-way Group E scrap at Euro 2024

STUTTGART: Belgium head into their final Group E game against Ukraine at Euro 2024 looking to grab top spot in a...

Published 25 Jun, 2024 12:58pm

Asia

Investigators comb wreckage after Seoul lithium battery fire kills 23

SEOUL: South Korean investigators combed the charred wreckage of a lithium factory Tuesday to find the cause of a...

Published 25 Jun, 2024 12:54pm

Europe

EU kicks off membership talks with Ukraine, Moldova

LUXEMBOURG: The European Union formally launches accession negotiations with Ukraine and Moldova on Tuesday, setting...

Published 25 Jun, 2024 12:51pm

Asia

Death toll from central China floods rises to five

BEIJING: The death toll from mountain floods in central China has risen to five, state media reported Tuesday, as...

Published 25 Jun, 2024 12:50pm

Polarising Warner bows out with Australia World Cup exit

SYDNEY: David Warner’s 15-year international career came to an anti-climactic end on Tuesday as Australia were...

Published 25 Jun, 2024 12:44pm

Asia

North Korea sends 300 balloons overnight: Seoul military

SEOUL: North Korea has sent hundreds more trash-filled balloons southward, Seoul’s military said Tuesday, the latest...

Published 25 Jun, 2024 12:42pm

Stocks

Hong Kong stocks rise in opening trade

HONG KONG: Hong Kong shares opened higher Tuesday morning after three days of losses, with traders brushing off...

Published 25 Jun, 2024 12:41pm

Brazil frustrated by Costa Rica, Colombia beat Paraguay at Copa

LOS ANGELES: A lacklustre Brazil launched their Copa America campaign with a dour 0-0 draw against Costa Rica on...

Published 25 Jun, 2024 12:34pm

Afghanistan into semi-finals after Bangladesh thriller, Australia out

ARNOS VALE: Afghanistan advanced to their first-ever senior world tournament semi-final with a nerve-jangling...

Updated 25 Jun, 2024 12:26pm

Stocks

Tokyo stocks close higher

TOKYO: Tokyo stocks closed higher on Tuesday as bargain-hunting supported the market. The benchmark Nikkei 225 index...

Updated 25 Jun, 2024 12:19pm

Athing Mu falls at US trials, will not defend Olympic 800m title

Athing Mu will not defend her Olympic 800m title in Paris after she fell during the final at the US trials on Monday...

Published 25 Jun, 2024 12:12pm

China’s BYD launches third EV model in Japan

TOKYO: China’s BYD launched its third electric vehicle in Japan, it said on Tuesday, a sedan that will be its most...

Published 25 Jun, 2024 12:06pm

Novak Djokovic to play Wimbledon but only if he feels he can challenge for the title

Novak Djokovic is encouraged by his progress after undergoing minor knee surgery less than three weeks ago but the...

Published 25 Jun, 2024 12:04pm

Commodities

Copper edges higher; strong dollar and low China demand check gains

NEW DELHI: Copper futures were marginally up on but a stronger dollar and subdued demand in top consumer China kept...

Published 25 Jun, 2024 12:01pm

Stocks

China stocks fall as semiconductor shares drag; Hong Kong stocks gain

SHANGHAI: China stocks fell on Tuesday dragged by semiconductor shares, as investors awaited more signs of economic...

Published 25 Jun, 2024 11:58am

South Asia

Sri Lanka likely to sign bilateral debt agreements on Wednesday, foreign minister says

COLOMBO: Sri Lanka was expecting to sign the bilateral debt restructuring agreements with key creditors Japan and...

Published 25 Jun, 2024 11:56am

Australia wants Assange brought home, PM says

SYDNEY: Australia Prime Minster Anthony Albanese said on Tuesday he wanted Julian Assange brought back home to...

Published 25 Jun, 2024 11:53am

South Asia

Who in Iran seeks the presidency after Raisi’s death?

Iranians will choose between mostly hardline candidates in an early presidential election on June 28 following the...

Published 25 Jun, 2024 11:50am

South Asia

Iran’s presidential election process

Iranians will vote in a snap presidential election on Friday to choose a successor to Ebrahim Raisi following his...

Published 25 Jun, 2024 11:34am

Commodities

Palm touches near one-month low on poor demand

BEIJING: Malaysian palm oil futures hit a nearly one-month low on Tuesday, falling for a third consecutive session...

Published 25 Jun, 2024 11:30am

Commodities

Wheat edges higher from two-month low as traders eye India’s import plans

CANBERRA: Chicago wheat futures rose on Tuesday, as a low harvest estimate for top exporter Russia and an indication...

Published 25 Jun, 2024 11:28am

Europe

Fresh Western munitions satiate Ukrainian forces ‘shell hunger’

DONETSK REGION: Ukrainian troops trying to hold their ground on the eastern front in Donetsk region may still be...

Published 25 Jun, 2024 11:26am

Europe

Ukraine drone attacks on Russia’s Belgorod region kill one, injure four, governor says

An elderly woman was killed, four people injured and scores of buildings damaged in multiple air attacks by Ukraine...

Published 25 Jun, 2024 11:23am

Europe

French snap elections spark investor worries, Paris stock market head says

PARIS: The prospect of a politically extreme party with little or no government experience reaching power after...

Published 25 Jun, 2024 11:14am

Stocks

Asian shares subdued, yen hits record low versus euro

SYDNEY: Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the...

Published 25 Jun, 2024 10:40am

Forex

Australia, NZ dollars notch new highs on yen as yields attract

SYDNEY: The Australian and New Zealand dollars were celebrating fresh highs against the yen on Tuesday as relatively...

Published 25 Jun, 2024 10:37am

Mutual Funds

India bonds flattish as investors await inflows in index inclusion week

MUMBAI: Indian government bond yields were largely unchanged in early trade on Tuesday as investors continued to...

Published 25 Jun, 2024 10:32am

Forex

Indian rupee likely to dip despite uptick on Asian peers

MUMBAI: The Indian rupee, tracking non-deliverable forwards, is expected to decline slightly at open on Tuesday...

Published 25 Jun, 2024 10:30am

Forex

China’s yuan eases to 7-month low on PBOC’s weak guidance

SHANGHAI: China’s yuan eased to a fresh seven-month low against the dollar on Tuesday and looked set for its sixth...

Published 25 Jun, 2024 10:27am

Bullion Rate

Gold drifts lower as traders ahead of US inflation data

Gold prices eased on Tuesday, while investors looked toward key US inflation data due later this week that could...

Published 25 Jun, 2024 10:24am

Stocks

Australian shares gain as financials hit record high; inflation data on tap

Australian shares advanced on Tuesday, as heavyweight financials climbed to a record high, even as investors...

Published 25 Jun, 2024 10:22am

Stocks

Indian shares rise, with small-caps boosted by Amara Raja Energy

BENGALURU: Indian shares were marginally higher at open on Tuesday, led by financial stocks, while the small-cap...

Published 25 Jun, 2024 10:14am

Forex

Dollar flirts with key 160 yen level as intervention risk looms

SINGAPORE: The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for...

Published 25 Jun, 2024 10:11am

Power sector: Govt anticipates $2bn financing by IFIs in 3 years

For Power Distribution Strengthening Project-1, Asian Development Bank to extend OCR funding of $ 400 million during 2024-25

Updated 25 Jun, 2024 09:45am

FBR begins audit of urea/fertilizer dealers

ISLAMABAD: FBR has initiated a countrywide exercise for conducting audit of urea/fertilizers dealers to ensure that...

Updated 25 Jun, 2024 09:43am

Senate panel rejects increased tax on salaried class

ISLAMABAD: The upper house of the parliament, Monday, adopted the report of its finance panel containing...

Updated 25 Jun, 2024 09:42am

APEX Committee meeting: ‘There was no mention of Azm-e-Ishtehkam,’ says KP CM

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur has said that the law and order situation improved...

Updated 25 Jun, 2024 09:42am

Proposed amendments in Finance Bill: Telecom operators seek SIFC’s intervention

ISLAMABAD: Telecom Operators Association has sought Special Investment Facilitation Council (SIFC) intervention for...

Updated 25 Jun, 2024 09:41am

Rice exports: a dangerous addiction

Pakistan’s rice exports during the now ending financial year will fall short of the dream $4 billion mark but will...

Published 25 Jun, 2024 09:19am

FDI in 11MFY24

FDI in Pakistan has always been a challenging and volatile with inflows remaining much below the narrated potential....

Published 25 Jun, 2024 09:14am

Interloop Limited

Interloop Limited (PSX: ILP) was incorporated in Pakistan in 1992 and got listed on PSX in 2019. The company is...

Published 25 Jun, 2024 09:08am

CASA-1000 suddenly gets new lease of life?

ISLAMABAD: The authorities in Pakistan are hopeful of resumption of suspended work on transmission line of Central-...

Updated 25 Jun, 2024 09:01am

SIC, PPP lawmakers assail budget

ISLAMABAD: The opposition lawmakers belonging to Pakistan Tehreek-e-Insaf-backed (PTI) Sunni Ittehad Council (SIC)...

Updated 25 Jun, 2024 09:00am

Bank deposits: Non-filers can face prospect of 30pc tax

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) President Atif Ikram Sheikh and...

Updated 25 Jun, 2024 08:28am

Budget: opposition submits 460 cut motions

ISLAMABAD: The opposition parties in the National Assembly (NA) have submitted as many as 460 motions to cut the...

Updated 25 Jun, 2024 08:27am

Commodity traders seek permission to export surplus wheat

KARACHI: Pakistan can earn a foreign exchange of over $300 million through the export of one million tons of surplus...

Updated 25 Jun, 2024 08:27am

Kachha Area in Sindh: Zardari for bringing criminals into mainstream

SUKKUR: President Asif Ali Zardari has said that criminals of Kachha Area in Sindh, except hardened criminals,...

Updated 25 Jun, 2024 08:26am

BR’s refresher: your morning briefing for the day

Important updates from June 25, 2024

Published 25 Jun, 2024 08:17am

PARTLY FACETIOUS: ‘Public discourse on social media is taking the lead in shaping public opinion’

“There is a difference between discourse and policy.” “Of course there is. I don’t understand why you raised this…”...

Updated 25 Jun, 2024 07:37am

Senegal tightens anti-Covid controls after Makkah deaths

DAKAR: Senegal said Monday it had implemented voluntary Covid-19 screening tests and reimposed the wearing of masks...