News Archives for Latest - 2024-07-15

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Archive - 2024-07-15

Business & Economy

Govt hikes petrol price by Rs9.99, diesel’s by Rs6.18 per litre

Petrol's new rate, applicable from July 16, stands at Rs275.6 per litre

Published 15 Jul, 2024 11:40pm

May 9 riots: ATC approves 10-day physical remand of Imran Khan

Development comes days after an accountability court remanded PTI founder and his wife Bushra Begum for eight days in the Toshakhana case

Published 15 Jul, 2024 11:43pm

US judge dismisses Trump classified documents case

MIAMI: A Florida judge appointed by Donald Trump has dismissed the criminal case against him on charges of...

Published 15 Jul, 2024 10:56pm

Stocks

Sapphire Fibres expands power portfolio with acquisitions of UCH, UCH-II

Sapphire Fibres Limited (SFL), one of Pakistan’s largest textile manufacturer, has entered into key agreements with...

Updated 15 Jul, 2024 10:46pm

IHC grants bail to Sanam Javed, bars police from arresting her in any case

The Islamabad High Court (IHC) on Monday granted bail to Pakistan Tehreek-e-Insaf (PTI) activist Sanam Javed,...

Updated 15 Jul, 2024 10:45pm

PML-N files review petition in SC against reserved seats verdict

Application urges top court to suspend its July 12 ruling until final decision on review petition reached

Updated 15 Jul, 2024 10:44pm

Security forces foil terrorist attack on Bannu Cantt

Security forces foiled a terrorist attack on Monday on Bannu Cantt, Aaj News reported. The terrorists attempted to...

Updated 15 Jul, 2024 10:43pm

Govt decides to ban Pakistan Tehreek-e-Insaf

Federal Information Minister Atta Tarar says PTI and Pakistan cannot co-exist

Updated 15 Jul, 2024 10:41pm

Gaza rescuers say dead and wounded in new school strike

GAZA CITY: The civil defence agency in Hamas-run Gaza said on Monday that an Israeli strike on a school in Gaza City...

Published 15 Jul, 2024 10:40pm

Stocks

Market cheers IMF bailout, KSE-100 gains over 1,200 points

Investors see staff-level agreement with lender as massive positive for struggling economy

Updated 15 Jul, 2024 10:36pm

South Asia

Heavy rains kill at least 35 in eastern Afghanistan: official

KABUL: At least 35 people were killed and 230 injured on Monday after heavy rain in eastern Afghanistan, a local...

Published 15 Jul, 2024 10:30pm

Energy

Power sector woes: IPP agreements benefit companies but not consumers, Dr Gohar Ejaz says

Former caretaker minister for Commerce and Industries Dr Gohar Ejaz has said that the agreements with the...

Published 15 Jul, 2024 10:23pm

USA

US Secret Service agrees to review after Trump assassination bid

WASHINGTON: Under growing pressure for a massive security failure, the US Secret Service on Monday vowed to...

Published 15 Jul, 2024 08:56pm

Energy

Pakistan Oilfields discovers oil & gas reserves in Attock District

Pakistan Oilfields Limited (POL), an oil and gas exploration company, has discovered hydrocarbon reserves at its...

Published 15 Jul, 2024 08:07pm

Stocks

Wall Street gains as investors bet on second Trump term

The Dow hit a record high in Wall Street’s upbeat trading on Monday, on a greater chance of presidential candidate...

Published 15 Jul, 2024 08:12pm

Stocks

Rupee registers marginal gain against US dollar

Currency settles at 278.11 against greenback in inter-bank market

Updated 15 Jul, 2024 08:02pm

USA

‘I’m supposed to be dead’ Trump tells NYP after assassination bid

WASHINGTON: Former US president Donald Trump on Sunday told the New York Post he was “supposed to be dead” after...

Updated 15 Jul, 2024 07:53pm

Energy

Oil holds its ground as Chinese demand concerns weigh

LONDON: Oil held its ground on Monday as downward pressure from concern about demand in top importer China offset...

Updated 15 Jul, 2024 07:41pm

Stocks

Major Gulf markets gain on firm oil prices, start to earnings season

Major stock markets in the Gulf ended higher on Monday as oil prices held steady and companies in the region started...

Published 15 Jul, 2024 06:42pm

Middle East

Tanker comes under attack off Yemen

DUBAI: A tanker came under attack off Yemen by three small vessels and several missile strikes on Monday but...

Published 15 Jul, 2024 06:16pm

Middle East

Health ministry in Gaza says war death toll at 38,664

GAZA STRIP: The health ministry in Gaza said on Monday at least 38,664 people have been killed in the war between...

Published 15 Jul, 2024 06:09pm

Money & Banking

Goldman Sachs profits more than double to $2.9bn

NEW YORK: Goldman Sachs reported strong second-quarter results Monday demonstrating robustness across its trading,...

Published 15 Jul, 2024 06:04pm

Europe

Zelensky says ‘not afraid’ of another Trump presidency

KYIV: Ukrainian President Volodymyr Zelensky on Monday said he was not concerned at the prospect of another Donald...

Published 15 Jul, 2024 06:01pm

Cricket

Pakistan cricket board hires Australian curator to improve pitches

KARACHI: Pakistan’s cricket board said Monday it had hired Australian pitch curator Tony Hemming to improve playing...

Published 15 Jul, 2024 05:58pm

Forex

Kenyan shilling unchanged versus dollar, LSEG data shows

NAIROBI: Kenya’s shilling was unchanged against the dollar on Monday, LSEG data showed. At 1100 GMT, the shilling...

Published 15 Jul, 2024 05:52pm

South Asia

India seeks to boost exports to Russia after Modi trip

NEW DELHI: India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and...

Published 15 Jul, 2024 05:45pm

Stocks

State-owned firms power Indian stocks to record closing high

BENGALURU: India’s blue-chip indexes logged record closing highs on Monday, led by gains in state-owned companies,...

Published 15 Jul, 2024 05:39pm

Stocks

Sri Lankan shares close higher, led by financial stocks

CSE All Share index rose 0.41% at 11,892.15

Published 15 Jul, 2024 05:05pm

Commodities

China data and inventories weigh on copper

LONDON: Copper prices eased on Monday as weak demand prospects in top consumer China were emphasised by slow...

Published 15 Jul, 2024 05:02pm

Commodities

Palm oil extends losses as rival Dalian, Chicago contracts weaken

KUALA LUMPUR: Malaysian palm oil futures fell for a second consecutive session on Monday, mirroring weakness in...

Published 15 Jul, 2024 04:58pm

Complaints about different projects: ADB decides to dispatch mission

Accountability Mission to visit Pakistan in September

Updated 15 Jul, 2024 04:14pm

Energy

Sri Lanka to cut power prices by 22.5% from Tuesday

COLOMBO: Sri Lanka will cut power prices by 22.5% from Tuesday, the utilities regulator said, as the Indian Ocean...

Published 15 Jul, 2024 03:43pm

MENA

Israel launches new Gaza strikes after weekend attack kills scores in safe zone

CAIRO: Israel struck the southern and central Gaza Strip on Monday to put more pressure on Hamas, following a...

Published 15 Jul, 2024 03:38pm

South Asia

Bangladesh PM’s helicopter-flying servant sparks graft probe

DHAKA: Bangladesh Prime Minister Sheikh Hasina says she is “taking measures” after a slew of corruption scandals –...

Published 15 Jul, 2024 03:30pm

Thomas Mueller ends Germany career following Euro 2024

BERLIN: Germany striker Thomas Mueller said Monday he was retiring from international football after a disappointing...

Published 15 Jul, 2024 03:27pm

MENA

British foreign secretary reaffirms Gaza ceasefire call in Israel

OCCUPIED JERUSALEM: Britain’s new Foreign Secretary David Lammy reaffirmed his call for a ceasefire in the...

Published 15 Jul, 2024 03:23pm

Europe

King Charles III writes to Trump after assassination attempt

LONDON: Britain’s head of state King Charles III has written to former US president Donald Trump after he survived...

Published 15 Jul, 2024 03:16pm

Kate, Britain’s Princess of Wales, welcomed back to Wimbledon with standing ovation

Kate, Britain’s Princess of Wales, was greeted with a standing ovation at the Wimbledon tennis championships on...

Published 15 Jul, 2024 02:30pm

K-pop stars Stray Kids prepare for comeback with upbeat London show

LONDON: “This is a career highlight,” popular K-pop group Stray Kids said as they headlined the British Summer Time...

Published 15 Jul, 2024 01:35pm

Goldman Sachs lowers China 2024 growth forecast to 4.9%

Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back...

Published 15 Jul, 2024 12:39pm

Stocks

European shares slip on earnings drag; Burberry leads losses

European shares opened lower on Monday after a raft of dour updates from companies made investors, already jittery...

Published 15 Jul, 2024 12:34pm

Commodities

Taiwan’s MFIG tenders to buy up to 65,000 metric tons corn

HAMBURG: Taiwan’s MFIG purchasing group has issued an international tender to buy up to 65,000 metric tons of animal...

Published 15 Jul, 2024 12:31pm

Commodities

Iron ore rises to one-week high on China stimulus hopes

SINGAPORE: Iron ore futures prices rose on Monday to their highest in a week, underpinned by growing bets top...

Published 15 Jul, 2024 12:28pm

Forex

Australia, NZ dollars fall as Trump shooting galvanises greenback

SYDNEY: The Australian and New Zealand dollars fell on Monday as the assassination attempt on former US President...

Published 15 Jul, 2024 11:45am

Mutual Funds

Euro zone bonds shrug off Trump shooting, focus on ECB

LONDON: Euro zone government bond yields edged higher on Monday, showing little initial reaction to the attempted...

Published 15 Jul, 2024 11:43am

Africa

Somalia cafe attack toll climbs to nine: security sources

MOGADISHU: The death toll from a blast at a cafe in Somalia’s capital Mogadishu has climbed to nine, security...

Updated 15 Jul, 2024 11:38am

Gareth Southgate to take time to decide on England future

BERLIN: Gareth Southgate said he needed time to reflect on whether he will continue as England manager after...

Published 15 Jul, 2024 11:33am

Spain players always believed in me, says Euros winner De la Fuente

BERLIN: Spain coach Luis de la Fuente thanked his players for delivering a record fourth European Championship on...

Published 15 Jul, 2024 11:28am

USA

Trump rally victim was a firefighter, father and ‘super hero’

WASHINGTON: The spectator killed in the shooting that targeted former president Donald Trump has been identified as...

Published 15 Jul, 2024 11:21am

Europe

UN alarmed as childhood immunisation levels stall

GENEVA: Global childhood vaccination levels have stalled, leaving millions more children un- or under-vaccinated...

Published 15 Jul, 2024 11:15am

Europe

Russia says downed 22 Ukrainian drones

MOSCOW: Russia downed 22 Ukrainian drones overnight in the west of the country and over Crimea, Moscow’s defence...

Published 15 Jul, 2024 11:05am

Copa final was dream farewell says Di Maria

MIAMI: Argentina winger Angel Di Maria said Sunday’s Copa America triumph over Colombia was the perfect dream ending...

Published 15 Jul, 2024 11:03am

ECB to opt for summer pause after initial rate cut

FRANKFURT: The European Central Bank is expected to leave interest rates unchanged Thursday, giving the eurozone...

Published 15 Jul, 2024 10:57am

USA

Joe Biden asks Americans to ‘cool it down’ after Trump shooting

WASHINGTON: U.S. President Joe Biden used the formal setting of the White House Oval Office on Sunday to ask...

Published 15 Jul, 2024 10:54am

Commodities

London copper slips on firmer dollar; China data in focus

BEIJING: Prices of London copper dropped on Monday as the dollar firmed, while investors awaited economic data from...

Published 15 Jul, 2024 10:31am

Commodities

China’s June coal output hits six-month high as safety inspections ease

BEIJING: China’s coal output rose to a six-month high in June, statistics bureau data showed on Monday, notching the...

Published 15 Jul, 2024 10:28am

Copa America final delayed after ticketless fans rush stadium gates

The Copa America final between Argentina and Colombia was delayed by more than hour on Sunday after thousands of...

Published 15 Jul, 2024 10:27am

Stocks

Treasuries slip, dollar firm as markets grapple with US politics

SYDNEY: US bond futures slipped and the dollar firmed on Monday as investors wagered the attack on US presidential...

Published 15 Jul, 2024 10:21am

Mutual Funds

Indian bond yields may see uptick as local inflation rises

MUMBAI: Indian government bond yields are expected to open marginally higher on Monday after stronger-than-expected...

Published 15 Jul, 2024 10:18am

Commodities

China June aluminium output climbs on higher profits

BEIJING: China’s production of primary aluminium in June rose 6.2% from a year earlier, data showed on Monday, as...

Published 15 Jul, 2024 10:17am

Forex

Indian rupee likely to inch up despite weakness in Asian peers

MUMBAI: The Indian rupee is likely to open marginally higher on Monday, shrugging off the decline in Asian peers...

Published 15 Jul, 2024 10:15am

Bullion Rate

Gold eases, investors seek more cues on Fed’s rate path

Gold prices dipped on Monday as the dollar held firm, while investors awaited comments from Federal Reserve...

Published 15 Jul, 2024 10:13am

Forex

China’s yuan slips from month high after weaker-than-forecast GDP

SHANGHAI: China’s yuan weakened on Monday from a one-month high against the dollar hit in the previous session,...

Published 15 Jul, 2024 10:10am

Commodities

Wheat drops to lowest in more than three months on supply pressure

SINGAPORE: Chicago wheat lost more ground on Monday, with prices dropping to their lowest levels in three-and-half...

Published 15 Jul, 2024 10:06am

Energy

China’s refinery output at 6-month low as weak fuel demand hurts

SINGAPORE: China’s refinery output fell 3.7% in June from a year earlier, official data showed on Monday, down for a...

Published 15 Jul, 2024 10:04am

Commodities

Malaysia palm oil futures seen averaging 3,850-4,000 ringgit/ton, industry body says

KUALA LUMPUR: Malaysia’s benchmark crude palm oil futures are expected to average between 3,850 ringgit and 4,000...

Published 15 Jul, 2024 10:02am

Indonesia’s exports up 1.2% y/y in June

JAKARTA: Indonesia’s exports in June rose 1.17% on a yearly basis to $20.84 billion, less than market forecasts,...

Published 15 Jul, 2024 09:59am

Stocks

Australian shares hit record high as banks and miners gain

Australian stocks rose to an all-time high on Monday, helped by gains in index heavyweights banks and miners, while...

Published 15 Jul, 2024 09:56am

Stocks

IT stocks power India’s Nifty 50 to record highs at the open

BENGALURU: India’s blue-chip Nifty 50 rose to record highs on Monday led by information technology stocks after...

Published 15 Jul, 2024 09:54am

Forex

Dollar buoyed by safe-haven gains; sliding yen on intervention watch

SINGAPORE: The dollar rose on safety bids on Monday in the wake of the attempted assassination of former US...

Published 15 Jul, 2024 09:52am

Bitcoin soars to two-week high after Trump attack

SINGAPORE: Bitcoin surged to a two-week high on Monday after the attempted assassination of US presidential...

Published 15 Jul, 2024 09:47am

Excessive fees/charges: Iraq’s envoy hands list of travel agents to interior minister

ISLAMABAD: In an unusual move, Iraq’s envoy here has handed a list to Pakistan’s Interior minister, of the travel...

Updated 15 Jul, 2024 09:45am

Argentina clinch record 16th Copa America with 1-0 extra-time victory over Colombia

MIAMI GARDENS: Defending champions Argentina won a record 16th Copa America title by beating Colombia 1-0 thanks to...

Published 15 Jul, 2024 09:44am

South Asia

No hope of survivors in Nepal bus accident, 55 still missing

KATHMANDU: Rescuers in Nepal ruled out chances of finding survivors in last week’s landslide that swept two...

Published 15 Jul, 2024 09:35am

Flour mills resume operations

LAHORE: Hundreds of flour mills across the country resumed normal operations from Sunday after postponing their...

Updated 15 Jul, 2024 09:26am

Different modules of trade, business with Russia under study

ISLAMABAD: Pakistan is reportedly studying different modules of trade and business with Russia being adopted by...

Updated 15 Jul, 2024 09:26am

FBR asked to bring all hidden issues before PM immediately

ISLAMABAD: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to immediately bring all...

Updated 15 Jul, 2024 09:23am

Pakistani, Chinese cos reach preliminary agreement to introduce solar e-bikes

ISLAMABAD: Chinese and Pakistani companies have reached a preliminary cooperation agreement to introduce...

Updated 15 Jul, 2024 09:22am

Up to July 2024: FBR integrates 8,949 big retailers into POS system

ISLAMABAD: The Federal Board of Revenue has integrated 8,949 big retailers into Point of Sales (POS) system up to...

Updated 15 Jul, 2024 09:08am

BMP for revisiting power purchase contracts with a view to reducing energy cost

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has stressed the need...

Updated 15 Jul, 2024 09:04am

PTI says has submitted affidavits of 25 MNAs to ECP

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has submitted the affidavits of 25 of 41 Members National Assembly (MNAs)...

Updated 15 Jul, 2024 09:02am

President, PM condemn attack

ISLAMABAD: President Asif Ali Zardari on Sunday strongly condemned an attack on former US President Donald Trump’s...

Updated 15 Jul, 2024 09:01am

11 KP seats: SC decision paves way for Senate elections

ISLAMABAD: The Supreme Court’s landmark judgement in the reserved seats case has paved way for Senate elections on...

Updated 15 Jul, 2024 08:59am

BR’s refresher: your morning briefing for the day

Important updates July 13 and July 14, 2024

Published 15 Jul, 2024 08:44am

Autos: The year to forget

Resilient or not, the year FY24proved more than tough for the automobile industry that struggled from start to...

Published 15 Jul, 2024 08:41am

Wah Noble Chemicals Limited

Wah Noble Chemicals Limited (PSX: WAHN) was incorporated in Pakistan as a public limited company in 1983. The...

Published 15 Jul, 2024 08:40am

The illogical vilification of investors

EDITORIAL: Bashing IPPs (Independent Power Producers) – especially those under the CPEC (China Pakistan Economic...

Updated 15 Jul, 2024 08:22am

Challenge of lower growth: IMF bailout insufficient

The IMF Staff-Level Agreement (SLA) for $7 billion programme is done. However, that does not ensure revival of the...

Updated 15 Jul, 2024 08:17am

Thoughts on the provincial budgets

Khyber Pakhtunkhwa (KPK) budget was announced on 25 May, two and a half weeks before the federal budget was ...

Updated 15 Jul, 2024 08:14am

Taxing agriculture, finally?

EDITORIAL: At last, the IMF (International Monetary Fund) has announced reaching a staff-level agreement (SLA) with...

Updated 15 Jul, 2024 08:11am

TDCP generates over Rs467m thru Patriata chairlift in FY24

LAHORE: The Tourism Development Corporation of Punjab (TDCP) successfully earned over Rs 467 million in the fiscal...

Published 15 Jul, 2024 07:40am

Health professionals assail trade of illicit, sub-standard tea

LAHORE: Terming the health risks associated with the illicit and sub-standard tea, health professionals said that...

Published 15 Jul, 2024 07:33am

Omar says ‘officials’ coercing PTI lawmakers to change loyalty

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) General Secretary Omar Ayub Khan has accused commissioners from various...

Published 15 Jul, 2024 07:32am

Heavy rains likely on 8th and 9th Muharram

LAHORE: On 8th and 9th of Muharram, there are chances of heavy rains across Punjab. It was informed by PDMA that...

Published 15 Jul, 2024 07:28am

Energy

Progress of Spat Gah power project reviewed

PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan called foreign investment as a milestone in the coming days...

Published 15 Jul, 2024 07:26am

Energy

Hike in prices of solar-powered inverters expected

LAHORE: Excessive panel imports have encouraged aggressive solar power system installations by consumers across the...

Published 15 Jul, 2024 07:22am

Industry

KP mulling establishing furniture-specific industrial zone

PESHAWAR: The provincial government of Khyber Pakhtunkhwa is going to establish a modern industrial zone for making...

Published 15 Jul, 2024 07:19am

Over 12,000 rescuers to be deployed across Punjab

LAHORE: Over 12,000 rescuers would be deployed during Muharram to provide rescue and medical cover to 1029...

Updated 15 Jul, 2024 07:17am

Ambassador highlights potential of CBD Punjab’s projects

LAHORE: The newly appointed Pakistani Ambassador to US Rizwan Saeed Sheikh visited Punjab Central Business District...

Published 15 Jul, 2024 07:15am

Sindh, KP governors, CM join ‘Ashara Mubaraka’ congregation

KARACHI: Sindh Governor Kamran Khan Tessori, Chief Minister Syed Murad Ali Shah, and Khyber Pakhtunkhwa Governor...

Published 15 Jul, 2024 07:11am

Stocks

Indian shares surge for sixth straight week

BENGALURU: The Indian benchmarks jumped to record closing highs on Friday as IT stocks joined an over month-long...

Published 15 Jul, 2024 07:05am

Stocks

UK stocks shine with weekly gains

LONDON: London stocks ended the week on a positive note, as investors shrugged off slightly higher than expected US...

Published 15 Jul, 2024 07:03am

Stocks

Saudi bourse gains on US rate cut hopes

DUBAI: Saudi Arabia’s stock market closed higher on Sunday as investors turned their focus to US Federal Reserve...

Published 15 Jul, 2024 07:02am

Money & Banking

Australian dollar sails to six-month top as kiwi sinks

SYDNEY: The Australian dollar held near six-month peaks on Friday as markets sharply narrowed the odds on US rate...

Published 15 Jul, 2024 06:59am

Money & Banking

Sterling heads for best 2-week run since Nov

LONDON: The pound coursed towards its best two-week performance against the dollar in eight months on Friday, after...

Published 15 Jul, 2024 06:58am

Money & Banking

China’s yuan eases

SHANGHAI: China’s yuan eased on Friday after strengthening to a one-month high, as the central bank set a mild...

Published 15 Jul, 2024 06:57am

Stocks

Wall Street Week Ahead: Expected US rate cuts have investors looking beyond big tech

NEW YORK: Looming US interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks...

Published 15 Jul, 2024 06:56am

Europe

France celebrates national day as political crisis rumbles on

PARIS: France celebrated military victories of the past at its annual Bastille Day parade Sunday, while its present...

Published 15 Jul, 2024 06:29am

Commodities

Prices of important kitchen items soar

PESHAWAR: Prices of essential food commodities including live chicken/meat, vegetables, packed-milk, powder milk,...

Published 15 Jul, 2024 06:29am

Letters

Supreme Court verdict reshapes 2024 political arena

The Supreme Court (SC), in its landmark decision announced on 11.07.2024 surprised the government, the supra...

Published 15 Jul, 2024 06:29am

Cotton & Textile

Weekly Cotton Review: Market witnesses satisfactory business volume

KARACHI: The cotton market has stabilized, with a satisfactory business volume. However, trading activity was...

Published 15 Jul, 2024 06:29am

China, Russia conduct joint Pacific military patrol

BEIJING: China and Russia conducted a joint naval patrol in the northern and western Pacific, Beijing’s defence...

Published 15 Jul, 2024 06:29am

KP govt to establish cyber security institute

PESHAWAR: The provincial government has decided in principles to establish an international standard cyber security...