News Archives for Latest - 2024-06-26

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Archive - 2024-06-26

Luxury

Handbags and ball gowns: Princess Diana finery goes under the hammer

BEVERLY HILLS, United States: The biggest auction of Diana memorabilia since the late British princess sold dozens...

Published 26 Jun, 2024 11:22pm

Israeli defense minister sees ‘significant progress’ on US weapons

WASHINGTON: Israeli Defense Minister Yoav Gallant said Wednesday he achieved “significant progress” in addressing...

Published 26 Jun, 2024 10:47pm

Operation Azm-e-Istehkam: US says it supports Pakistan’s efforts to combat terrorism

United States Department Spokesperson Matthew Miller says Pakistani people have suffered tremendously from terrorist attacks

Updated 26 Jun, 2024 10:43pm

Omar Ayub demands Imran Khan’s release before talks with govt

Opposition Leader in the National Assembly Omar Ayub Khan on Wednesday conditioned the dialogue with the government...

Updated 26 Jun, 2024 10:43pm

Cotton & Textile

Pakistan’s Interloop to invest over $92mn on production, energy expansion

Company eyes export target of $670.8 million in FY25

Updated 26 Jun, 2024 10:41pm

UN aid chief concerned by possible expansion of Gaza war

GENEVA: The United Nations aid chief said on Wednesday he was concerned by the possible spread of the Gaza war...

Published 26 Jun, 2024 10:36pm

Companies

‘Leveraging Dubai’s business-friendly environment’: Treet Corp incorporates subsidiary with DET

Treet Corporation Limited has successfully incorporated its wholly-owned subsidiary, Treet Trading LLC, in Dubai,...

Updated 26 Jun, 2024 10:32pm

Europe

EU and Zelenskiy expected to sign Ukraine security pact

BRUSSELS: The European Union is expected to sign a security agreement with Ukrainian President Volodymyr Zelenskiy...

Published 26 Jun, 2024 10:27pm

Stocks

Bulls mark return, KSE-100 closes 335 points higher

After two negative sessions, the Pakistan Stock Exchange (PSX) witnessed bullish sentiment on Wednesday as the...

Updated 26 Jun, 2024 10:25pm

Exchange

Rupee registers minor gain against US dollar

Currency settles at 278.40 against greenback in inter-bank market

Updated 26 Jun, 2024 10:24pm

PM Shehbaz approves joint venture to transfer Chinese industries to Pakistan

Premier says promotion of investment govt’s top priority

Updated 26 Jun, 2024 10:18pm

Pakistan questions timing after US lawmakers call for probe into general elections

Islamabad says resolution stems from incomplete understanding of political situation and electoral process in the country

Updated 26 Jun, 2024 10:17pm

PTI files application in SC to become party in reserved seats case

Attorney General Mansoor Awan submits a written argument to the top court requesting a dismissal of the SIC's appeal

Updated 26 Jun, 2024 09:33pm

Stocks

US stocks mostly lower but FedEx surges

NEW YORK: Wall Street stocks opened mostly lower Wednesday, shrugging off strong results from FedEx as markets await...

Published 26 Jun, 2024 08:42pm

Ready to hold talks with opposition: PM Shehbaz

Prime Minister Shehbaz Sharif invited on Wednesday the opposition to hold talks with the government for the...

Updated 26 Jun, 2024 07:51pm

Africa

Kenya president backs down on tax rises after deadly protests

NAIROBI: Kenya’s president said on Wednesday he would withdraw planned tax rises, bowing to pressure from protesters...

Updated 26 Jun, 2024 07:15pm

Rashid Khan: From refugee to Afghanistan’s World Cup warrior

KARACHI: Rashid Khan’s rise to become a multi-millionaire cricket superstar began in the most desperate of...

Published 26 Jun, 2024 06:59pm

Energy

Oil prices hold steady on inventory outlook, Middle East risks

LONDON: Oil prices were stable on Wednesday at around $85 a barrel for Brent crude, amid forecasts for an eventual...

Updated 26 Jun, 2024 06:45pm

South Africa ignore near-misses with eye on T20 World Cup final

TAROUBA: South Africa coach Rob Walter believes his team will not be haunted by its embarrassing legacy of big-match...

Published 26 Jun, 2024 06:04pm

England’s Robinson concedes record 43 runs in an over in county game

When Sussex’s Ollie Robinson came on to bowl against Leicestershire’s number eight batter Louis Kimber on Wednesday,...

Published 26 Jun, 2024 05:58pm

Health & Wellness

‘Wake-up call’: third of adults not doing enough physical activity

PARIS: Nearly a third of all adults are not doing enough physical activity, posing a growing threat to health across...

Published 26 Jun, 2024 05:46pm

Forex

Yen slumps to lowest since 1986, putting traders on red alert

LONDON: The yen dropped to its lowest level since 1986 against the dollar on Wednesday, keeping currency markets...

Published 26 Jun, 2024 05:45pm

Balochistan minister announces arrest of 2 high-value TTP commanders

Balochistan Home Minister Ziaullah Langau says TTP and the BLA were working together to carry out terrorist attacks in Pakistan with India

Updated 26 Jun, 2024 05:41pm

India look to end clear knockout hurdle in England semi-final

India can take a huge step towards winning their first major title in over a decade and bury any doubts about their...

Published 26 Jun, 2024 05:40pm

Luxury

Chanel shows at Paris Opera as it seeks new designer

PARIS: Chanel held its haute couture show on Tuesday just three weeks after the very abrupt departure of creative...

Published 26 Jun, 2024 05:20pm

Europe

Tayyip Erdogan says Turkiye stands with Lebanon in light of tensions with Israel

ANKARA: President Tayyip Erdogan said on Wednesday that Turkiye stood in solidarity with Lebanon in light of growing...

Published 26 Jun, 2024 03:24pm

Europe

NATO picks Netherlands’ Mark Rutte as next boss

BRUSSELS: NATO on Wednesday selected Dutch Prime Minister Mark Rutte as NATO’s next boss, as the war in Ukraine...

Published 26 Jun, 2024 03:20pm

South Asia

Sri Lanka’s economic crisis and debt deal with bilateral creditors

COLOMBO: Sri Lanka signed an agreement with its bilateral creditors led by Japan and India, Sri Lankan president’s...

Published 26 Jun, 2024 03:15pm

Africa

Kenyan protesters promise more rallies after deadly parliament violence

NAIROBI: Kenyan protesters vowed on Wednesday to keep up their demonstrations against new tax hikes, a day after...

Published 26 Jun, 2024 03:07pm

South Asia

Iran picks new president at turbulent time

TEHRAN: Iranians vote on Friday to elect a new president from six candidates, including a lone reformist who hopes...

Updated 26 Jun, 2024 03:06pm

Ageing Croatia fail to shake European Championship hoodoo

LEIPZIG: After failing to conjure a last moment of magic from an ageing squad, Croatia bowed out meekly from Euro...

Published 26 Jun, 2024 03:00pm

Stocks

Artificial intelligence firms lead Chinese shares higher

SHANGHAI: Chinese shares rebounded on Wednesday, led by gains in artificial intelligence stocks, but the benchmark...

Published 26 Jun, 2024 02:56pm

Stocks

London stocks rebound on energy strength; Deliveroo rises on deal talks

London stocks rebounded on Wednesday, supported by energy companies that tracked the rise in oil prices, while...

Published 26 Jun, 2024 02:51pm

Stocks

European shares gain, Aussie jumps, yen teeters near 160

LONDON: European stock markets were higher on Wednesday as the market braced for a French election and a key US...

Published 26 Jun, 2024 02:49pm

Travel

Americans seek out cooler destinations for July 4 travel as temperatures sizzle

Heat warnings have made Americans rethink their July 4th travel plans and triggered a rush to cooler vacation spots,...

Published 26 Jun, 2024 01:59pm

Movies & Music

Hollywood workers union reaches pay, AI-use deal with top studios

A union representing Hollywood film and television crew said on Tuesday it has reached a tentative three-year deal...

Published 26 Jun, 2024 01:50pm

FBR may block bank accounts of non-filers

Sources inform proposal was part of the original Finance Bill 2024, but the same was not passed

Updated 26 Jun, 2024 01:33pm

Bullion Rate

Gold price per tola decreases Rs900 in Pakistan

Gold prices declined for the second straight session in Pakistan on Wednesday in line with the decrease in the...

Published 26 Jun, 2024 01:06pm

Australian PM says ‘very pleased’ by end to Assange ‘saga’

CANBERRA: Australia’s prime minister said Wednesday he was “very pleased” by the plea deal that ended WikiLeaks...

Published 26 Jun, 2024 12:59pm

Germany look to ‘awaken spirits’ of 2014 with Euros base camp

HERZOGENAURACH: Germany’s Euro 2024 base camp, located in the Bavarian village headquarters of kit manufacturer...

Published 26 Jun, 2024 12:57pm

Europe

Russian, US defence ministers discussed Ukraine by phone, Moscow says

MOSCOW: Russian Minister of Defence Andrei Belousov and his US counterpart Lloyd Austin spoke by phone on Tuesday to...

Published 26 Jun, 2024 12:52pm

Denmark through to Euros last-16 with Serbia stalemate

MUNICH: Denmark progressed to the knockout stages of Euro 2024 after a goalless draw with Serbia on Tuesday which...

Published 26 Jun, 2024 12:48pm

Netherlands ‘appalling’ in Austria Euros defeat, admits Koeman

BERLIN: Netherlands coach Ronald Koeman hammered his team for their performance in a 3-2 defeat by Austria at Euro...

Published 26 Jun, 2024 12:46pm

Stocks

Hong Kong stocks open with losses

HONG KONG: Hong Kong shares started with losses Wednesday morning, with tech firms among the worst hit, as investors...

Published 26 Jun, 2024 12:43pm

South Asia

India’s Rahul Gandhi faces new test in revived fortunes

NEW DELHI: Once dismissed as an “empty suit”, perennial Indian premier-in-waiting Rahul Gandhi emerged from his...

Published 26 Jun, 2024 11:44am

Europe

Russia’s Dagestan temporarily on high alert after reports of armed man in Makhachkala

Russia’s Dagestan region was put temporarily on a high alert late on Tuesday after reports of an armed man in...

Published 26 Jun, 2024 11:35am

Miner BHP Group’s carbon emissions to rise slightly this year

MELBOURNE: BHP Group’s operational carbon emissions are set for a “small increase” this financial year, an executive...

Published 26 Jun, 2024 11:30am

Volkswagen’s $5bn investment in Rivian boosts EV maker’s shares

SAN FRANCISCO: German automaker Volkswagen Group will invest up to $5 billion in US electric-vehicle maker Rivian as...

Published 26 Jun, 2024 11:27am

MENA

UKMTO flags missile near vessel south of Yemen’s Aden

CAIRO: The captain of a merchant vessel reported a missile hitting the water near the ship 52 nautical miles south...

Published 26 Jun, 2024 11:22am

The political economy of narcoterrorism: Pakistan’s rising share

In September 2021, then Prime Minister Imran Khan tasked all federal and provincial agencies to present a...

Published 26 Jun, 2024 11:21am

Canada make a statement with win over Peru at Copa America

Canada’s new coach Jesse Marsch hailed their 1-0 win over Peru at the Copa America on Tuesday as a big moment in...

Published 26 Jun, 2024 11:12am

Australia inflation jumps to 6 month high in May, ramps up rate hike risks

SYDNEY: Australian consumer inflation accelerated to a six-month high in May, while a key measure of core prices...

Published 26 Jun, 2024 11:05am

WikiLeaks founder Julian Assange heads to Australia after US guilty plea

SAIPAN: WikiLeaks founder Julian Assange walked free on Wednesday from a court on the US Pacific island territory of...

Published 26 Jun, 2024 11:01am

Asia

North Korea missile explodes in midair after launch, South’s military says

SEOUL: North Korea test-fired what appeared to be a hypersonic missile off its east coast on Wednesday, but it...

Published 26 Jun, 2024 10:57am

Indonesia central bank says guiding FX market by balancing supply and demand

JAKARTA: Indonesia’s central bank is guiding the foreign exchange (FX) market by ensuring supply and demand are...

Published 26 Jun, 2024 10:51am

Bullion Rate

Gold prices muted with US inflation data in focus

Gold prices were subdued on Wednesday ahead of crucial US inflation data due this week, which could offer more...

Published 26 Jun, 2024 10:47am

Commodities

Wheat recovers from two-month low, US harvest pressure limits gains

SINGAPORE: Chicago wheat bounced back on Wednesday, with the market recovering from a more than two-month low on...

Published 26 Jun, 2024 10:45am

Argentina edge Chile 1-0 to seal Copa America quarter-final place

EAST RUTHERFORD: Argentina became the first side to book passage into the Copa America quarter-finals after a late...

Published 26 Jun, 2024 10:42am

Commodities

Copper edges lower on dollar strength, weak China demand outlook

NEW DELHI: Copper futures eased on Wednesday as a stronger dollar and weak demand outlook in top consumer China...

Published 26 Jun, 2024 10:33am

Forex

China’s yuan eases to 7-month low on weak fixing, hawkish Fed

SHANGHAI: China’s yuan weakened to a fresh seven-month low against a broadly stronger dollar on Wednesday, with a...

Published 26 Jun, 2024 10:31am

Companies

Joint venture to set up Google Chromebook assembly line in Pakistan

KARACHI: National Radio & Telecommunication Corporation (NRTC), Allied, an Australian-based manufacturer of...

Updated 26 Jun, 2024 10:29am

Europe

Russia to resume direct passenger trains to North Korea in July, Interfax says

Russia will resume direct passenger rail service with North Korea in July after a four-year hiatus due to the...

Published 26 Jun, 2024 10:28am

Aurangzeb issues warning to retailers

Pledges to bring about structural reforms to fix the low tax base

Updated 26 Jun, 2024 10:25am

Stocks

Asian shares shaky as investors wary before US inflation data

SINGAPORE: Asian stocks stuttered in choppy early trade on Wednesday as markets braced for a key US inflation...

Published 26 Jun, 2024 10:21am

Commodities

Palm oil extends losses to fourth day on dull export estimates

BEIJING: Malaysian palm oil futures dropped for a fourth consecutive day on Wednesday to their lowest levels in...

Published 26 Jun, 2024 10:18am

Forex

Indian rupee to focus on index inclusion, currency futures expiry

MUMBAI: The Indian rupee is expected to open largely unchanged on Wednesday, focussing on the expiry of monthly...

Published 26 Jun, 2024 10:16am

Mutual Funds

Indian bond yields seen steady with focus on index inclusion

MUMBAI: Indian government bond yields are expected to be largely unchanged in early trade on Wednesday, as investors...

Published 26 Jun, 2024 10:14am

Forex

Australian dollar rallies as inflation shock rings rate alarm

SYDNEY: The Australian dollar popped higher on Wednesday after data showed inflation accelerated by much more than...

Published 26 Jun, 2024 10:11am

Stocks

Australian shares retreat 1% after strong inflation data

Australian shares extended losses on Wednesday, after data showed strong cost pressures in the country in May, with...

Published 26 Jun, 2024 09:53am

Stocks

Indian shares set to open little changed; financials in focus

BENGALURU: Indian shares, trading near record highs, are set to open flat on Wednesday, with financials in focus...

Published 26 Jun, 2024 09:50am

Stocks

Japan’s Nikkei surges to over two-month high on tech rally

TOKYO: Japan’s Nikkei share average climbed over 1% to a more-than-two-month peak on Wednesday, as a rebound in US...

Published 26 Jun, 2024 09:48am

Forex

Steady dollar sends yen to the brink of 160

SINGAPORE: The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned...

Published 26 Jun, 2024 09:46am

Islamabad Airport outsourcing: PPRA board to consider aviation ministry’s proposal today

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has convened a special meeting of its board on...

Updated 26 Jun, 2024 09:39am

Rs14bn of EDS: FBR points out ambiguity in reconciliation

ISLAMABAD: The Federal Board of Revenue (FBR) has pointed out an ambiguity in reconciliation of Rs 14 billion of...

Updated 26 Jun, 2024 09:35am

PPP decides to vote for budget

ISLAMABAD: Pakistan Peoples Party (PPP) will vote for the Budget-2024-25 to prevent instability in the country....

Updated 26 Jun, 2024 09:34am

Sugar export: Govt to scrap permission if retail prices raised

ISLAMABAD: The government has clearly conveyed that permission to export 0.150 million metric tonnes of sugar will...

Updated 26 Jun, 2024 09:34am

Shibli talks of ‘tyranny of majority’ in upper house

ISLAMABAD: The opposition in the Senate alleged that upper house of the parliament was being ruled by the “tyranny...

Updated 26 Jun, 2024 09:33am

PM admits FY25 budget prepared on IMF’s dictation

ISLAMABAD: Prime Minister Shehbaz Sharif openly admitted on Tuesday that the federal budget for 2024-25 was prepared...

Updated 26 Jun, 2024 09:11am

CDC relaxes fees for sub-account holders, CDS connection

KARACHI: The Central Depository Company of Pakistan Limited (CDC) has completely eliminated Annual Maintenance Fee...

Updated 26 Jun, 2024 09:11am

Azm-e-Istehkam operation: Cabinet taken into confidence

ISLAMABAD: The federal cabinet has been taken into confidence on Azm-e-Istehkam operation with Prime Minister...

Updated 26 Jun, 2024 09:10am

Historic receivables, payments: KE urges PD to help settle the dispute

ISLAMABAD: The K-Electric (KE) has sought Power Division’s support in achieving an amicable resolution to the issue...

Updated 26 Jun, 2024 09:08am

BR’s refresher: your morning briefing for the day

Important updates from June 26, 2024

Published 26 Jun, 2024 08:25am

LSM: Slow rebound starts

Large Scale Manufacturing index for the fifth month running recorded positive year-on-year growth, as April 2024 LSM...

Published 26 Jun, 2024 07:42am

Cement: Stronger together

Expectedly, the Budget 2024-25 raised more indirect taxes, of which raising FED on cement is only one of the many...

Published 26 Jun, 2024 07:36am

Shifa International Hospitals Limited

Shifa International Hospitals Limited (PSX: SHFA) was incorporated in Pakistan as a public limited company in 1987...

Published 26 Jun, 2024 07:33am

Fear, fright, flight cultures

A team that was the most exciting cricket story in 2022 becomes a butt of jokes. A team that boasted of the most...