News Archives for Latest - 2024-07-31

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Archive - 2024-07-31

Pakistan U19 to play tri-series against UAE, Afghanistan

The Pakistan men’s U19 cricket team will take on Afghanistan and hosts United Arab Emirates (UAE) in a 50-over...

Published 31 Jul, 2024 11:39pm

Govt reduces petrol price by Rs6.17, HSD’s by Rs10.86 per litre

New prices come into effect from August 1, 2024

Updated 31 Jul, 2024 11:27pm

Forex

Rupee sees marginal decline against US dollar

Currency settles at 278.74 against the greenback in inter-bank market

Updated 31 Jul, 2024 11:26pm

Europe

EU hails ceasefire in eastern DR Congo

BRUSSELS: The European Union on Wednesday welcomed the ceasefire agreed between the Democratic Republic of Congo and...

Published 31 Jul, 2024 11:10pm

Netanyahu says Israel will exact heavy price for revenge attacks

JERUSALEM: Israel will respond forcefully to any attack on it, Prime Minister Benjamin Netanyahu said on Wednesday,...

Published 31 Jul, 2024 10:52pm

PM Shehbaz extends electricity bill payment deadline by 10 days

Prime Minister Shehbaz Sharif on Wednesday ordered a 10-day extension for electricity bill payments, according to an...

Published 31 Jul, 2024 10:51pm

PMD predicts torrential rains across country from August 1

Met Office warns of possible flash flooding in local streams and nullahs in Kashmir, KP, and northern Punjab

Published 31 Jul, 2024 09:45pm

Waqar Younis set to return to PCB at key role

Former Pakistan captain and coach Waqar Younis is set to return to the Pakistan Cricket Board (PCB) as an advisor to...

Published 31 Jul, 2024 08:38pm

Energy

Oil rises as Mideast tensions overshadow China data concerns

BENGALURU: Oil prices climbed around $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader...

Updated 31 Jul, 2024 08:05pm

Middle East

Qatari PM, Blinken discuss continuing to work on Gaza ceasefire

DUBAI: Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani, who is also foreign minister, spoke by phone...

Published 31 Jul, 2024 07:54pm

NA committee passes amendments to Election Act

National Assembly to consider the bill for final approval on Friday

Published 31 Jul, 2024 07:47pm

Internet services face disruption across Pakistan, PTA blames PTCL

Internet services were disrupted in Pakistan on Wednesday, with users reporting outages and sluggish speeds across...

Updated 31 Jul, 2024 07:34pm

Pakistan says concerned with ‘growing Israeli adventurism’

Pakistan on Wednesday condemned the “reckless” killing of Hamas leader Ismail Haniyeh, saying it “views with serious...

Updated 31 Jul, 2024 07:05pm

Stocks

Most Gulf markets in red after killing of Hamas leader

Most stock markets in the Middle East ended lower on Wednesday as the killing of Hamas leader Ismail Haniyeh in Iran...

Published 31 Jul, 2024 06:43pm

Stocks

Chip stocks bolster Nasdaq, S&P 500 before Fed verdict

The Nasdaq and the S&P 500 were poised to open sharply higher on Wednesday after a bullish forecast from AMD...

Published 31 Jul, 2024 06:38pm

South Asia

EU delays talks with Bangladesh on pact after Dhaka’s response to protests

NEW DELHI/DHAKA: The European Union said on Wednesday it postponed negotiations with Bangladesh on a new cooperation...

Published 31 Jul, 2024 06:23pm

Middle East

Hamas chief Ismail Haniyeh killed in Iran, group says

Residence of Haniyeh in Tehran struck, resulting in his and one of his body guards’ death

Updated 31 Jul, 2024 06:14pm

Stocks

Sri Lanka shares end lower as industrials, healthcare drag

CSE All-Share index settled 0.91% lower at 11,406.56

Published 31 Jul, 2024 06:12pm

Stocks

Pakistan’s internet outage takes toll on trading momentum, KSE-100 plunges nearly 1% in final hour

Analysts say inability to access real-time data could have triggered panic selling towards end of session

Updated 31 Jul, 2024 06:05pm

Companies

Transaction complete: PHDL transfers title, possession of Regent Plaza to SIUT Trust

Pakistan Hotels Developers Limited (PHDL) has transferred the title and possession of Regent Plaza, a four-star...

Updated 31 Jul, 2024 06:01pm

Companies

UBL’s profit clocks in at massive Rs15.3bn in 2QCY24

United Bank Limited (UBL), one of Pakistan’s largest commercial banks, posted consolidated earnings of a massive...

Updated 31 Jul, 2024 05:59pm

Europe

EU begins paying 400mn euros emergency aid to Palestinian Authority

BRUSSELS: The European Union on Wednesday said it had begun paying 400 million euros ($430 million) in emergency...

Published 31 Jul, 2024 05:38pm

Antony Blinken says US not involved in killing of Hamas leader

U.S. Secretary of State Antony Blinken said on Wednesday the United States was not involved in the assassination of...

Updated 31 Jul, 2024 05:20pm

Stocks

Indian shares led higher by metal stocks; Fed commentary eyed

BENGALURU: Indian shares inched higher on Wednesday, led by metal stocks, while the focus shifts to the Federal...

Published 31 Jul, 2024 05:11pm

Commodities

Copper up on hope for China’s stimulus after weak factory data

LONDON: Copper prices rebounded on Wednesday with calls to boost consumption at a meeting of China’s top...

Published 31 Jul, 2024 05:09pm

Commodities

Palm oil drops on strong ringgit, posts second monthly fall

JAKARTA: Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July...

Published 31 Jul, 2024 05:07pm

Travel

Venice to limit tourist groups to maximum of 25 people

ROME: Venice will limit the size of tourist parties to 25 people from Thursday in the latest attempt to reduce the...

Published 31 Jul, 2024 04:22pm

Adidas says Q2 sales excluding Yeezy rose in North America

Adidas said on Wednesday its second-quarter revenues in North America, excluding sales of the Yeezy line, rose from...

Published 31 Jul, 2024 04:03pm

MENA

Dubai shows strongest rental growth in first half of 2024: Savills

Dubai led a list of 30 markets that had the strongest rental growth during the first half of 2024, underscoring the...

Updated 31 Jul, 2024 03:41pm

Companies

Engro Fertilizers’ earnings stand at Rs1.6bn in 2QCY24, up 57% YoY

Engro Fertilizers Limited (EFERT), a wholly-owned subsidiary of Engro Corporation Limited, posted a profit after tax...

Updated 31 Jul, 2024 03:39pm

Companies

Indus Motor starts vehicle export to other Toyota affiliated companies, but ‘financial benefits minimal’

Indus Motor Company Limited (IMC), the assembler/manufacturer of Toyota-brand vehicles in Pakistan, said it has...

Updated 31 Jul, 2024 03:39pm

Commodities

Gold price per tola increases Rs1,200 in Pakistan

Gold prices in Pakistan registered gains on Wednesday in line with the increase in the international rate. In the...

Updated 31 Jul, 2024 03:35pm

Stocks

Major Gulf markets ease amid tensions after killing of Hamas leader

Major stock markets in the Gulf eased in early trade on Wednesday, as the killing of Hamas leader Ismail Haniyeh in...

Published 31 Jul, 2024 02:38pm

Stocks

European stock markets jump at open

LONDON: Europe’s main stock markets opened sharply higher Wednesday on growing hopes that the Federal Reserve may...

Published 31 Jul, 2024 01:34pm

Mutual Funds

Short-term JGB yields ride 15-year high as BOJ hikes rates

TOKYO: Japanese government bond yields jumped on Wednesday, with that on the two-year note scaling a 15-year high,...

Published 31 Jul, 2024 01:07pm

Commodities

Palm oil tracks rival oils lower, set for second monthly drop

JAKARTA: Malaysian palm oil futures fell and were headed for a second straight monthly drop on Wednesday, tracking...

Published 31 Jul, 2024 01:00pm

Middle East

Hezbollah says top commander Fuad Shukr was in building targeted by Israeli strike, fate unknown

BEIRUT: Lebanon’s Hezbollah said early on Wednesday its senior commander Fuad Shukr was in the building in the...

Published 31 Jul, 2024 12:36pm

Forex

Sterling options volatility hits highest in a year ahead of BoE

LONDON: Sterling options volatility exploded to its highest in almost a year on Wednesday, reflecting the degree of...

Published 31 Jul, 2024 12:24pm

Asia

Austin says Middle East war not inevitable, seeks to ‘take temperature down’

SUBIC: US Defence Secretary Lloyd Austin said on Wednesday he did not think a wider war in the Middle East was...

Updated 31 Jul, 2024 12:19pm

France’s Societe Generale to buy 75% stake in energy-focused investment firm Reed Management

PARIS: French bank Societe Generale said on Wednesday it had agreed to buy a 75% stake in Reed Management, an...

Published 31 Jul, 2024 12:16pm

South Asia

Hundreds rescued after India landslides that killed 151, many missing

CHOORALMALA: Nearly 1,000 people have been rescued after landslides in the hills of Wayanad district in India’s...

Updated 31 Jul, 2024 12:13pm

USA

Kamala Harris targets battleground Georgia, with rappers’ help

ATLANTA: US presidential hopeful Kamala Harris hit the campaign trail Tuesday in Georgia, hoping to expand...

Published 31 Jul, 2024 12:04pm

Home hero Marchand targets more Olympic gold amid triathlon suspense

PARIS: French swimming sensation Leon Marchand bids for two more Olympic golds in the pool on Wednesday as...

Published 31 Jul, 2024 11:45am

Imran Khan says ready to hold talks with military

ISLAMABAD: Incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Tuesday, said that we are...

Updated 31 Jul, 2024 11:42am

Marileidy Paulino dodges rain, aiming for Olympic 400m glory

PARIS: Marileidy Paulino, having dodged a soaking at the rain-sodden opening ceremony, accepts that she comes into...

Published 31 Jul, 2024 11:40am

Acquired on or after July 1, 2024: No holding period for immovable properties: FBR

ISLAMABAD: The concept of holding period has been done away with for immovable properties acquired on or after July...

Updated 31 Jul, 2024 11:36am

Middle East

Tough-talking Haniyeh was seen as the more moderate face of Hamas

DUBAI/LONDON: Ismail Haniyeh, the Hamas leader who was killed in Iran, was the tough-talking face of the Palestinian...

Published 31 Jul, 2024 11:30am

Stocks

Australian shares advance 1% after benign core inflation

Australian shares advanced more than 1% on Wednesday, helped by a rebound in banking and mining stocks, after data...

Published 31 Jul, 2024 11:05am

Stocks

Indian shares open marginally higher; brokerage stocks drop

BENGALURU: Indian shares opened marginally higher on Wednesday, led by Maruti Suzuki India ahead of its quarterly...

Published 31 Jul, 2024 11:01am

Europe

Russia launches one of war’s largest drone attacks on Ukraine, Kyiv’s military says

KYIV: Russia launched several waves of drones on Kyiv in what was one of the war’s largest attacks of its kind...

Published 31 Jul, 2024 10:53am

Mutual Funds

India bond yields tad lower, Fed outlook key for further directional move

MUMBAI: Indian government bond yields were a tad lower on Wednesday amid persistent demand from domestic banks,...

Published 31 Jul, 2024 10:44am

Stocks

Indian shares little changed as profit booking continues

BENGALURU: Indian shares were little changed on Wednesday as profit booking continued with the benchmark indexes...

Published 31 Jul, 2024 10:39am

Bullion Rate

Gold prices set for monthly gain on US rate cut hopes, Mideast tensions

Gold prices firmed on Wednesday, heading for a monthly gain on the back of growing optimism about US interest rate...

Published 31 Jul, 2024 10:35am

Europe

Russia says Washington must refuse confrontation with Moscow for any arms talks to start

Any basis for dialogue with the United States on arms control can come only after Washington refuses confrontation...

Published 31 Jul, 2024 10:33am

Commodities

Chicago soybean, corn hover near 2020 lows on US weather outlook

BEIJING: Chicago soybean and corn ticked up on Wednesday, but remained near their lowest levels since 2020, as...

Published 31 Jul, 2024 10:29am

Remaining PSM land: Centre, Sindh agree to establish SEZ

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer on...

Updated 31 Jul, 2024 10:29am

Power regulator assailed for ‘siding’ with govt, utilities

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday came under fire for failing to...

Updated 31 Jul, 2024 10:28am

Stocks

Japan banks lead Nikkei higher after BOJ raises rates

TOKYO: Japan’s Nikkei share average rose on Wednesday, helped by banks after the Bank of Japan raised interest rates...

Published 31 Jul, 2024 10:21am

FIs facing problems: SBP to amend and extend timelines of IFRS 9

KARACHI: The State Bank of Pakistan (SBP) has decided to make some amendments and extend the timelines of IFRS 9...

Updated 31 Jul, 2024 10:18am

Forex

Indian rupee flat ahead of Fed decision, sheds early rise

MUMBAI: The Indian rupee trimmed early gains on Wednesday even as Asian peers rose ahead of the Federal Reserve’s...

Published 31 Jul, 2024 10:18am

CTBCM test run: Nepra reserves determination on final report

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday reserved determination on final...

Updated 31 Jul, 2024 10:18am

FY24 ends with a budget deficit of 6.8pc of GDP

ISLAMABAD: The government has closed fiscal year 2023-24 with budget deficit of 6.8 percent of the gross domestic...

Updated 31 Jul, 2024 10:17am

Lufthansa forecasts earnings slump in third quarter as costs rise

BERLIN: German flag carrier Lufthansa expects lower earnings in the third quarter as yields slump and unit costs...

Published 31 Jul, 2024 10:15am

Forex

China’s yuan firms with yen, Politburo signals stimulus

SHANGHAI: China’s yuan strengthened on Wednesday, in line with the yen as the Bank of Japan raised short-term rates...

Published 31 Jul, 2024 10:09am

Rory McIlroy eyeing ‘probably biggest’ win in 10 years at Olympics

PARIS: Rory McIlroy is hoping to ease some of the heartbreak of his recent major troubles by winning “probably” his...

Published 31 Jul, 2024 10:04am

Victoria Azarenka happy with shoulder injury recovery in Washington win

WASHINGTON: Two-time Australian Open champion Victoria Azarenka outlasted Hailey Baptiste 7-6 (8/6), 7-6 (7/3) on...

Published 31 Jul, 2024 10:01am

Govt set to reduce prices of petroleum products

ISLAMABAD: The federal government is set to reduce the prices of petrol and high-speed diesel (HSD) by a substantial...

Updated 31 Jul, 2024 09:58am

Samsung Electronics Q2 shows fastest growth in over a decade

SEOUL: Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits...

Published 31 Jul, 2024 09:58am

Pakistan’s healthcare sector struggling with R&D deficiencies, medicine shortages

KARACHI: Pakistan’s healthcare sector is facing severe challenges due to a lack of research and development...

Updated 31 Jul, 2024 09:53am

Subsidy package for those consuming up to 200 units announced

ISLAMABAD: Federal Minister for Petroleum Musadik Malik said on Tuesday that a Rs 50 billion energy subsidy package...

Updated 31 Jul, 2024 09:53am

HSBC records $21.6 billion pre-tax profit in first half 2024

HONG KONG: Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6...

Published 31 Jul, 2024 09:49am

BR’s refresher: your morning briefing for the day

Important updates from July 30, 2024

Published 31 Jul, 2024 09:47am

Bank of Japan raises key interest rate for second time in 17 years

TOKYO: The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another...

Published 31 Jul, 2024 09:46am

Stocks

Asian stocks sit tight, yen firms as BOJ beckons

SINGAPORE: Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether...

Published 31 Jul, 2024 09:43am

Forex

Yen braces for BOJ decision with risk events aplenty

SINGAPORE: The yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision...

Published 31 Jul, 2024 09:40am

FBR tells banks: Only bad debts classified as loss are expense

ISLAMABAD: The Federal Board of revenue (FBR) has conveyed to banks that only bad debts classified as loss...

Updated 31 Jul, 2024 09:29am

Sales tax registered persons: Deadline extended for biometric re-verification

ISLAMABAD: The Federal Board of Revenue (FBR) has extended deadline up to August 31, 2024 for sales tax registered...

Updated 31 Jul, 2024 09:21am

Ministries asked to do procurement only thru e-system

ISLAMABAD: The Ministry of Finance (MoF) has directed all the Ministries/ Divisions and their attached...

Updated 31 Jul, 2024 09:20am

Consumer confidence tanks

The economy is on the mends, or so you are told. But the consumers are not having any of it. How they view the...

Published 31 Jul, 2024 08:39am

Ghazi Fabrics International Limited

Ghazi Fabrics International Limited (PSX: GFIL) was incorporated in Pakistan as a private limited company in 1989...

Published 31 Jul, 2024 08:33am

The Weather

KARACHI: The weather report on Tuesday (July 30, 2024) and the forecast for Wednesday (July 31, 2024)...

Published 31 Jul, 2024 07:42am

Turkish Navy Ship arrives on goodwill visit

KARACHI: Turkish Navy Ship TCG KINALIADA (F-514) arrived Karachi for a good will visit. The ship was received by...

Published 31 Jul, 2024 07:42am

Monsoon rains: PM directs NDMA to step up efforts

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Chairman National Disaster Management Authority Lt Gen Inam...

Published 31 Jul, 2024 07:42am

Heavy rains play havoc with AJK, KP areas

ISLAMABAD: Heavy rains triggered by monsoon currents have caused serious damages to the roads and other...

Published 31 Jul, 2024 07:42am

More rains likely

KARACHI: The megacity received on Tuesday sporadic monsoon rain with more chances for another Wednesday morning, the...

Published 31 Jul, 2024 07:42am

MAJU hosts 11th convocation

KARACHI: Mohammad Ali Jinnah University (MAJU) hosted its 11th conference recently at the Expo Centre. Governor of...

Published 31 Jul, 2024 07:42am

Dar visits Tehran

ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar visited Tehran on Tuesday to attend the investiture...

Published 31 Jul, 2024 07:42am

JI decides to organise sit-in outside Sindh governor’s house

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan chief Hafiz Naeemur Rehman, Tuesday, while announcing to extend protest,...

Published 31 Jul, 2024 07:42am

Missing persons: IHC seeks report from ISI-MI-IB committee

ISLAMABAD: The Islamabad High Court (IHC), Tuesday, sought a report from the committee of officers of the three...

Published 31 Jul, 2024 07:42am

Tarar steps up criticism of IK

ISLAMABAD: Federal Minister for Information and Broadcasting Attaullah Tarar, on Tuesday, expressed serious concerns...

Published 31 Jul, 2024 07:42am

Blasphemy-related case: Lawmakers demand CJP revisit his ruling

ISLAMABAD: The lawmakers in National Assembly, on Tuesday, strongly protested against the Chief Justice of Pakistan...

Published 31 Jul, 2024 07:42am

11 members of a family drowned in flooded basement

PESHAWAR: Eleven members of the same family drowned as rain water flooded the basement of their house at Old Bazid...

Published 31 Jul, 2024 07:42am

Adopting AI innovations a must for development, prosperity: NA speaker

ISLAMABAD: Speaker of National Assembly Sardar Ayaz Sadiq said that this is an era of Artificial Intelligence and...

Published 31 Jul, 2024 07:42am

Ahsan directs CDA chief to initiate vertical housing projects

ISLAMABAD: In a significant move towards sustainable urban development, Federal Minister for Planning, Development,...

Published 31 Jul, 2024 07:42am

Ahsan for comprehensive roadmap to cooperate with Russia

ISLAMABAD: A high-level meeting discussed cooperation of Russia with Pakistan on a master energy plan, refining...

Published 31 Jul, 2024 07:42am

Bilawal pays tributes to Madar-e-Millat on birth anniversary

KARACHI: Chairman of Pakistan People’s Party (PPP) Bilawal Bhutto Zardari has paid rich tribute to Madar-e-Millat...

Published 31 Jul, 2024 07:42am

Bushra is suspect in 11 cases, police tells IHC

ISLAMABAD: The Rawalpindi police, Tuesday, presented its detailed reports in the Islamabad High Court (IHC), saying...

Published 31 Jul, 2024 07:42am

CDA plans world-class safari park with FCDO help

ISLAMABAD: The Capital Development Authority (CDA) has announced plans to establish a world-class safari park in...

Published 31 Jul, 2024 07:42am

Court grants FIA two-day physical remand of Janjua

ISLAMABAD: A special court, on Tuesday, handed over Pakistan Tehreek-e-Insaf’s International Media Coordinator...

Updated 31 Jul, 2024 07:42am

Making two slabs of fine: IG Motorways directed to consider proposal

ISLAMABAD: On the request of goods transport owners to increase axle load limit and decrease fine on overloaded...

Updated 31 Jul, 2024 07:40am

KP to equip 2000 women with digital technological skills

PESHAWAR: The provincial government of Khyber Pakhtunkhwa with the assistance of TVET Sector Support Programme would...

Published 31 Jul, 2024 07:39am

LHC disposes plea

LAHORE: The Lahore High Court on Tuesday disposed a petition filed for the recovery of the alleged abducted general...

Published 31 Jul, 2024 07:37am

Independent Power Producers: PML-N accused of trapping country through ‘unfavourable’ deals

ISLAMABAD: The opposition leader in the National Assembly Omar Ayub accused the ruling Pakistan Muslim League-Nawaz...

Published 31 Jul, 2024 07:36am

Reforms stressed in education, healthcare

ISLAMABAD: Former finance minister of Khyber-Pakhtunkhwa (KPK) Taimur Saleem Khan Jhagra, Tuesday, while stressing...

Published 31 Jul, 2024 07:35am

SAU conducts successful entry test for postgraduate programmes

HYDERABAD: Sindh Agriculture University Tandojam successfully conducted an entry test for its postgraduate degree...

Published 31 Jul, 2024 07:34am

SAU, Chinese Academy of Agricultural Sciences sign MoUs

HYDERABAD: Sindh Agriculture University (SAU), Tandojam, and the Research Institute of Pomology, Chinese Academy of...

Published 31 Jul, 2024 07:32am

Seven-day physical remand of TLP leader granted

LAHORE: Anti-Terrorism Court on Tuesday granted seven-day physical remand of Tehreek-i-Labbaik Pakistan (TLP) leader...

Updated 31 Jul, 2024 07:31am

SSGC disconnects 858 illegal connections

KARACHI: In it’s attempt to provide uninterrupted gas to it’s customers in the franchise areas of Sindh and...

Published 31 Jul, 2024 07:30am

Terrabiz holds training on EI & decision-making

KARACHI: Terrabiz, leading corporate training entity, organised an "emotional intelligence and decision-making"...

Updated 31 Jul, 2024 07:29am

Muslim world should also introduce the concept of ‘Citizen Soldiers’?

“The highest obligation and privilege of citizenship is that of bearing arms for one’s country.”—General...

Updated 31 Jul, 2024 07:23am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (July 30, 2024). ==================================== BR...