News Archives for Latest - 2024-06-27

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Archive - 2024-06-27

Cricket

India rout England to set up T20 World Cup final with South Africa

PROVIDENCE: India hammered defending champions England by 68 runs in Guyana on Thursday to set up a T20 World Cup...

Updated 28 Jun, 2024 01:24am

UNICEF says deal agreed with Israel to boost Gaza water supply

JERUSALEM: The United Nations children’s fund said Thursday that Israel had agreed to restore power to a key...

Published 27 Jun, 2024 11:58pm

Houthi rebels claim attack on ship off Yemen

DUBAI: Yemen’s Iran-backed Houthi rebels claimed an attack Thursday targeting a merchant ship in the Red Sea, which...

Published 27 Jun, 2024 11:42pm

Terrorist hideouts in Afghanistan can be targeted under Azm-e-Istehkam: Khawaja Asif

Defence Minister says operation not a hasty decision, but necessary measure to combat terrorism

Published 27 Jun, 2024 11:28pm

Omar Ayub resigns as PTI secretary general

Senior Pakistan Tehreek-e-Insaf (PTI) leader Omar Ayub on Thursday stepped down as the party’s secretary general and...

Published 27 Jun, 2024 11:10pm

Exchange

Rupee largely stable against US dollar

Currency settles at 278.38 against the greenback in inter-bank market

Updated 27 Jun, 2024 11:15pm

Gaza cancer patients enter Egypt via Israeli crossing

CAIRO: Twenty-one cancer patients crossed from the war-ravaged Gaza Strip into Egypt on Thursday through the Kerem...

Published 27 Jun, 2024 11:13pm

Stocks

KSE-100 gains 253 points amid low volume

Positive sentiment prevailed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index closed the second...

Updated 27 Jun, 2024 11:07pm

China hails establishment of Special Protection Unit for foreigners in Islamabad

China on Thursday appreciated the establishment of the Special Protection Unit (SPU) in Islamabad for the protection...

Updated 27 Jun, 2024 11:01pm

Bolivia government had prior intelligence of coup planning, minister says

LA PAZ: The Bolivian government had intelligence that a coup attempt could occur before the country’s top military...

Published 27 Jun, 2024 10:58pm

Europe

ICC allows UK to submit arguments on jurisdiction over Israelis in Gaza case

THE HAGUE: Judges at the International Criminal Court (ICC) ruled on Thursday that the United Kingdom can submit...

Published 27 Jun, 2024 10:47pm

Forex

SBP-held foreign exchange reserves decrease $239mn to fall below $9bn

Central bank attributes decrease in reserves to external debt repayments

Updated 27 Jun, 2024 10:15pm

Money & Banking

Turkish central bank holds rate at 50%, attentive to inflation risks

ISTANBUL: Turkiye’s central bank kept its main interest rate steady at 50% on Thursday as expected and reiterated...

Updated 27 Jun, 2024 10:05pm

Iddat case: Islamabad court rejects Imran, wife’s plea

A district and sessions court rejected on Thursday Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his wife...

Updated 27 Jun, 2024 10:04pm

Stocks

London’s FTSE 100 slips as investors eye US, UK economic data

London’s FTSE 100 fell for the third consecutive day on Thursday as GSK dropped after the U.S. public health agency...

Published 27 Jun, 2024 10:02pm

Stocks

European shares subdued ahead of economic data, French elections; H&M plunges

European shares slipped on Thursday on investor caution ahead of crucial global economic data and the first round of...

Published 27 Jun, 2024 10:01pm

Business & Economy

Budget 2024-25: a mixed bag for Pakistan’s climate change efforts

Pakistan’s Finance Minister Mohammad Aurangzeb, in his budget 2024-25 speech, said Pakistan faces dangers due to the...

Updated 27 Jun, 2024 09:59pm

Probe into general election: Pakistan to pass its own resolution in response to US, says Dar

Draft resolution prepared by Pakistan will be shared with the opposition and treasury benches, adds the foreign minister

Updated 27 Jun, 2024 09:02pm

Protests in Kenya have a lesson for Pakistan, but is the govt listening?

At least 10 protesters were killed during protests, and a section of parliament went up in flames as demonstrations...

Published 27 Jun, 2024 08:51pm

Stocks

Megacaps boost Nasdaq after economic data; Micron, Walgreens slump

The Nasdaq rose on Thursday while other indexes were flat to slightly higher, as a dip in Treasury yields after a...

Published 27 Jun, 2024 08:29pm

Stocks

Major Gulf markets gain on firm oil prices, Egypt outperforms

Major Gulf indexes closed higher on Thursday, as oil prices gained on worries that a potential expansion of the Gaza...

Published 27 Jun, 2024 08:20pm

Business & Economy

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank

Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report

Updated 27 Jun, 2024 08:13pm

Europe

Bank of England warns of economic risks from elections

LONDON: Policy uncertainty linked to upcoming elections in France and the United States has increased the risk of...

Published 27 Jun, 2024 06:51pm

Middle East

Israeli storms Gaza City neighbourhood, orders Palestinians to go south

CAIRO: Israel stormed a neighbourhood in Gaza City on Thursday, telling Palestinians as the tanks moved in that they...

Updated 27 Jun, 2024 06:39pm

Europe

Russian satellite blasts debris in space, forces ISS astronauts to shelter

WASHINGTON: A Russian satellite broke up into more than 100 pieces of debris in orbit overnight, forcing astronauts...

Published 27 Jun, 2024 06:21pm

Europe

Ukraine signs security pacts with EU, Lithuania and Estonia

BRUSSELS: The European Union and two of its member countries, Lithuania and Estonia, signed security agreements with...

Published 27 Jun, 2024 06:03pm

Stocks

Sri Lankan shares end lower dragged by financials, industrials

CSE All-Share index settled 0.59% lower at 12,188.79

Published 27 Jun, 2024 05:52pm

USA

Bolivian army chiefs arrested after coup attempt

LA PAZ: Two Bolivian army leaders have been arrested after soldiers and tanks took up position in front of...

Published 27 Jun, 2024 05:45pm

Energy

Circular debt: govt approves Rs82bn payment to OGDC

The government has approved a payment of Rs82 billion ($233.17 million) to Oil and Gas Development Company Limited...

Updated 27 Jun, 2024 05:37pm

Stocks

India shares record-high rally chugs on; set for best month in 2024

BENGALURU: India’s benchmark stock indexes scaled new peaks on Thursday and were on track for the best monthly gain...

Published 27 Jun, 2024 04:46pm

Commodities

Copper slips to more than two-month low on high stocks and weak demand

LONDON: Copper prices hit their weakest in more than two months on Thursday as more bullish positions were scrapped,...

Published 27 Jun, 2024 04:43pm

Commodities

Palm oil ends higher for second day on lower output concerns

BEIJING: Malaysian palm oil futures ended higher on Thursday, as forecast of lower production outweighed prospect of...

Published 27 Jun, 2024 04:41pm

Stocks

London stocks subdued as investors digest corporate updates; eye on economic data

UK stock indexes were largely muted on Thursday as investors digested a slew of corporate updates, while caution...

Published 27 Jun, 2024 03:37pm

Movies & Music

Why the Taylor Swift economy isn’t real

FRANKFURT: Taylor Swift is taking Europe by storm, prompting some pundits to envisage an economic windfall as fans...

Published 27 Jun, 2024 03:33pm

Middle East

Saudi Arabia leads Gulf bourses higher, Dubai falls

Major Gulf bourses rose in early trading on Thursday, with Saudi Arabia leading the gains buoyed by surge in shares...

Published 27 Jun, 2024 03:32pm

Kenya backing down on tax hikes will complicate IMF funding: Moody’s

JOHANNESBURG: Moody’s credit rating agency said Kenyan President William Ruto’s decision to withdraw planned tax...

Published 27 Jun, 2024 03:31pm

Forex

Rouble rises strongly ahead of monthly tax payments

MOSCOW: The Russian rouble rose strongly against the dollar on Thursday in volatile, low-liquidity trade, supported...

Published 27 Jun, 2024 03:26pm

Aryna Sabalenka looks to end grass drought at Wimbledon

World number three Aryna Sabalenka will look to put the disappointment of two Wimbledon semi-final finishes behind...

Published 27 Jun, 2024 03:17pm

Energy

Oil steady as US demand flags but Middle East risk mounts

LONDON: Oil prices were largely steady on Thursday as a surprise build in US stockpiles fuelled fears about slow...

Updated 27 Jun, 2024 03:12pm

Cricket great Kapil Dev becomes new India golf chief

NEW DELHI: India’s World Cup-winning cricket captain Kapil Dev has been appointed president of the Professional Golf...

Published 27 Jun, 2024 03:04pm

Afghanistan World Cup heroics can inspire next generation: Trott

TAROUBA: Afghanistan coach Jonathan Trott hopes his side’s historic T20 World Cup run, which ended in a heavy...

Published 27 Jun, 2024 03:01pm

Europe

Russia ‘strongly condemns attempted military coup’ in Bolivia

MOSCOW: Russia on Thursday condemned an “attempted military coup” in Bolivia and warned against “destructive foreign...

Published 27 Jun, 2024 02:58pm

MENA

Hajj deaths show challenge of shielding pilgrims from scorching climate

RIYADH: Hundreds of the pilgrims who died in fierce heat at this year’s Hajj were not officially registered with the...

Updated 27 Jun, 2024 02:56pm

South Asia

Death toll from Indian toxic alcohol rises to 63: police

BENGALURU: The death toll from a batch of illegal alcohol that devastated a town in southern India last week has...

Published 27 Jun, 2024 02:54pm

Afghans proud in defeat as fairytale World Cup run ends in semis

KABUL: Afghans mourned the end of their T20 World Cup dreams on Thursday but said the cricket team’s performances in...

Published 27 Jun, 2024 02:53pm

Stocks

European stock markets diverge at open

LONDON: Europe’s main stock markets diverged at the start of trading Thursday following modest gains on Wall Street...

Published 27 Jun, 2024 02:47pm

South Asia

Landslides, lightning and floods kill 14 in Nepal

KATHMANDU: Torrential monsoon storms in Nepal have triggered landslides, lightning and flooding killing at least 14...

Published 27 Jun, 2024 02:46pm

Biggest stars yet to catch fire at Euro 2024

BERLIN: With exciting football and vibrant fans lighting up cities across Germany, Euro 2024 has thrilled even...

Published 27 Jun, 2024 02:44pm

The 500-plus artisans working on Olympics costumes

SAINT-DENIS, France: An army of artisans is racing to complete thousands of costumes for the Paris Olympics...

Published 27 Jun, 2024 02:10pm

Arts

Designer vestments and furniture for Paris’s reborn Notre-Dame

PARIS: Notre-Dame Cathedral in Paris is getting a modern makeover for its reopening in December, with designer...

Published 27 Jun, 2024 02:04pm

Commodities

Gold price per tola increases Rs400 in Pakistan

After declining in the previous two sessions, gold prices in Pakistan increased on Wednesday in contrast to a...

Published 27 Jun, 2024 01:40pm

MENA

Kenya braces for fresh protests despite president’s tax climbdown

NAIROBI: Kenyan police put up roadblocks on streets leading to the presidential palace on Thursday as some...

Published 27 Jun, 2024 01:35pm

Energy

Italy’s Eni agrees to sell Alaska upstream assets to Hilcorp

ROME: Italy’s Eni said on Thursday it had signed a binding agreement to sell Nikaitchuq and Oooguruk upstream assets...

Published 27 Jun, 2024 01:22pm

Bullion Rate

Gold prices lingers near two-week low ahead of US inflation data

Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited US...

Published 27 Jun, 2024 01:20pm

Mutual Funds

Euro zone bond yields hit two-week high, inflation back in focus

LONDON: Euro zone government bond yields rose to their highest levels in two weeks on Thursday as investors waited...

Published 27 Jun, 2024 01:17pm

Mutual Funds

JGB yields jump as fragile yen fuels July rate hike bets

TOKYO: Japanese government bond (JGB) yields rose on Thursday as the yen hovered at a 38-year trough, fuelling...

Published 27 Jun, 2024 01:15pm

Europe

Ukraine says it downs all 23 drones, 5 missiles in Russian overnight attack

KYIV: Ukrainian air force said it shot down all 23 drones and five out of six missiles launched by Russia in the...

Published 27 Jun, 2024 12:57pm

Commodities

Copper hovers near two-month low as demand woes linger

Copper futures inched higher on Thursday, although a firmer dollar and uncertainty over economic recovery in top...

Published 27 Jun, 2024 12:53pm

Stocks

China stocks down as industrial profit growth slows sharply

SHANGHAI: China stocks fell on Thursday as the country’s industrial profits rose at a much slower pace in May, while...

Published 27 Jun, 2024 12:51pm

Companies

KE demands Sindh govt make Rs10.5bn payment

KARACHI: K-Electric’s spokesperson has issued a statement urging the Sindh government to pay its outstanding...

Updated 27 Jun, 2024 12:31pm

Five young players shining at Euro 2024

HERZOGENAURACH: As the Euro 2024 group phase came to an end on Wednesday and the remaining 16 sides prepare for the...

Published 27 Jun, 2024 12:11pm

Ecuador beat Jamaica 3-1 in Copa America

LAS VEGAS: Ecuador boosted their chances of reaching the knockout rounds of the Copa America on Wednesday after...

Published 27 Jun, 2024 12:00pm

Georgia make history by reaching Euro 2024 knockouts

GELSENKIRCHEN: Georgia are through to the last 16 of Euro 2024 after Wednesday’s 2-0 win over Portugal, a historic...

Published 27 Jun, 2024 11:54am

South Asia

As ice melts, Everest’s ‘death zone’ gives up its ghosts

KATHMANDU: On Everest’s sacred slopes, climate change is thinning snow and ice, increasingly exposing the bodies of...

Published 27 Jun, 2024 11:50am

Turkiye edge into Euros last 16 with tense win over Czechs

HAMBURG: Turkiye reached the knockout phase at a major tournament for the first time in 16 years after a...

Published 27 Jun, 2024 11:43am

MENA

Israel says it can send Lebanon ‘back to Stone Age’ as UN warns against war

Israel said it does not want war in Lebanon but could send its neighbour “back to the Stone Age”, as the UN’s...

Published 27 Jun, 2024 11:34am

Retired govt employees’ pensions: Notification likely to be issued very soon

ISLAMABAD: The government is all set to issue a new notification of pensions of retired government employees to be...

Updated 27 Jun, 2024 11:33am

FBR to impose sales tax on stationery items

ISLAMABAD: Despite announcement of withdrawal of sales tax on stationery items, the amended Finance Bill 2024 would...

Updated 27 Jun, 2024 11:32am

117 demands of grants approved by lower house

Opposition members severely criticise government on the failure of various ministries and its departments

Updated 27 Jun, 2024 11:31am

PGA of America CEO Waugh leaves after six years

WASHINGTON: Seth Waugh is stepping down as the PGA of America’s chief executive officer, the organization announced...

Published 27 Jun, 2024 11:23am

Asia

North Korea says successfully tested multiple-warhead missile

SEOUL: North Korea claimed to have successfully tested its multiple-warhead missile capability, state media said...

Published 27 Jun, 2024 11:19am

USA

Joe Biden and Donald Trump to lock horns in critical presidential debate

ATLANTA: Joe Biden and Donald Trump square off for a historic US presidential debate Thursday, with the stage set...

Published 27 Jun, 2024 11:15am

Stocks

Hong Kong stocks begin with loss

HONG KONG: Hong Kong shares sank at the beginning of trade Thursday morning in an uneasy start for Asian markets,...

Published 27 Jun, 2024 11:09am

Loss-making entities: NHA, power sector top the list

ISLAMABAD: The National Highway Authority (NHA) and the power sector have topped the list of 23 loss-making entities...

Updated 27 Jun, 2024 11:01am

Australian leaders celebrate Julian Assange’s freedom but opposition says he is ‘no martyr’

CANBERRA: Julian Assange spent his first night in 14 years as a free man back at home in Australia as the...

Published 27 Jun, 2024 10:37am

Bolivia coup attempt fails after military assault on presidential palace

LA PAZ: Bolivian armed forces pulled back from the presidential palace in La Paz on Wednesday evening and a general...

Published 27 Jun, 2024 10:28am

Stocks

Asia stocks down, yen slump keeps markets on intervention alert

SINGAPORE: Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen’s...

Published 27 Jun, 2024 10:16am

Europe

Senior Russian diplomat says US must take heed of discussions on nuclear doctrine

A senior Russian diplomat, in an interview published on Thursday, urged the United States to pay attention to...

Published 27 Jun, 2024 10:12am

Stocks

Japan’s Nikkei skids 1% as yen intervention risks rise

TOKYO: Japan’s Nikkei share average fell 1% on Thursday, giving up most of its gains from the previous session, as...

Published 27 Jun, 2024 10:07am

Stocks

Australian shares drop over 1% as sticky inflation raises rate hike worries

Australian shares retreated more than 1% on Thursday, with broad based losses across most sectors, after...

Published 27 Jun, 2024 10:04am

Mutual Funds

Indian bond yields to track US peers higher; index inclusion key

MUMBAI: Indian government bond yields are expected to inch higher in early trading on Thursday, mirroring US yields,...

Published 27 Jun, 2024 10:00am

Forex

Indian rupee likely to draw support from expected inflows amid rise in US yields

MUMBAI: The Indian rupee is likely to open slightly higher on Thursday, counting on inflows the inclusion expected...

Published 27 Jun, 2024 09:58am

Sri Lanka debt deal a key milestone towards restoring debt sustainability, IMF says

COLOMBO: The International Monetary Fund (IMF) said on Thursday that Sri Lanka’s agreements with China and other...

Published 27 Jun, 2024 09:56am

Stocks

Financials, IT weigh on Indian shares; Ultratech caps losses

BENGALURU: Indian shares opened marginally lower on Thursday, weighed down by a drop in financials and information...

Published 27 Jun, 2024 09:53am

Garbine Muguruza appointed tournament director of WTA Finals

Former Wimbledon and French Open champion Garbine Muguruza has been named the WTA Finals’ tournament director,...

Published 27 Jun, 2024 09:52am

Forex

Battered yen pinned near multi-decade low amid resilient dollar

SINGAPORE: The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar,...

Published 27 Jun, 2024 09:49am

South Africa thrash Afghanistan to reach T20 World Cup final

TAROUBA: South Africa demolished Afghanistan’s T20 World Cup dream in ruthless fashion on Wednesday, thrashing the...

Published 27 Jun, 2024 09:39am

Chinese industries’ transfer to Pakistan: PM allows JV project

ISLAMABAD: Prime Minister Shehbaz Sharif has given approval to the joint venture project between Chinese and...

Updated 27 Jun, 2024 09:24am

Rs82bn TFCs issue: OGDCL sets stringent conditions for proposed rollover

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has set stringent conditions on proposed rollover of...

Updated 27 Jun, 2024 09:23am

Qamar elected chairman of NA finance panel

ISLAMABAD: Syed Naveed Qamar of Pakistan Peoples Party (PPP) has been elected as chairman of the National Assembly’s...

Updated 27 Jun, 2024 09:21am

PM again invites opposition for talks

ISLAMABAD: Prime Minister Shehbaz Sharif once again invited the opposition to sit with the government to sort out...

Updated 27 Jun, 2024 08:53am

FBR to create 25 posts of ‘commissioner refund’

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to create 25 posts of ‘Commissioner Refund’ in the field...

Updated 27 Jun, 2024 08:52am

Failure to tax world’s richest means global tax needed

PARIS: The failure of rich countries to tax the world’s billionaires has made it necessary to introduce a global...

Updated 27 Jun, 2024 08:50am

KE’s rights acquisition: SECP says its ‘suspicions’ not eased yet

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said its suspicions have not been addressed...

Updated 27 Jun, 2024 08:48am

BR’s refresher: your morning briefing for the day

Important updates from June 26, 2024

Published 27 Jun, 2024 08:46am

Export rally bucks bill discounting trends

The export performance report card for May 2024 threw a surprise. Monthly export proceeds realization (SBP) was...

Published 27 Jun, 2024 08:40am

Panther Tyres Limited

Panther Tyres Limited (PSX: PTL) was incorporated in Pakistan as a private limited company in 1983 and was converted...

Published 27 Jun, 2024 08:36am

Movies & Music

What to watch this July: ‘The Ministry of Ungentlemanly Warfare’, ‘Beverly Hills Cop: Axel F’

As the summer heat persists, there are plenty of new titles to keep you entertained as you remain confined to your...

Published 27 Jun, 2024 08:00am

Must we deny the right to education to millions of children in Sindh?

Young Kamli, rather slight for her 8 years, comes forward to greet me with a broad smile. She has begun attending ...

Updated 27 Jun, 2024 07:22am

Lessons from Gaza

A lesson is where there is a learning over a structured period of time; and learning a lesson is to understand...

Updated 27 Jun, 2024 07:18am

Wider, uglier war inevitable?

My heart goes out to my Lebanese friends and their families as they get in line to become cannon fodder for the next...

Updated 27 Jun, 2024 07:12am

IMF has role in budget: nothing but the truth

EDITORIAL: Prime Minister Shehbaz Sharif stated on the floor of the House after the wind-up speech of the Federal...