News Archives for Latest - 2024-08-02

Pentagon tells Israel it will adjust US troops in Middle East

WASHINGTON: U.S. Defense Secretary Lloyd Austin has informed Israel about current and future changes to U.S. forces...

Updated 03 Aug, 2024 12:22am

Asia

South Korea says no response from North on flood relief offer

SEOUL: South Korea said Friday it had received no response after trying to contact the North to offer humanitarian...

Published 02 Aug, 2024 10:48pm

Europe

France urges Moscow to release others ‘arbitrarily’ detained in Russia

PARIS: France on Friday welcomed a historic prisoner swap between Russia and the West and urged Moscow to set free...

Published 02 Aug, 2024 10:35pm

Kishmala Talat, Faiqa Riaz bow out of Paris Olympics with first round exit

Pakistan’s markswoman Kishmala Talat bowed out of the Paris Olympics 2024 after failing to qualify for the next...

Published 02 Aug, 2024 09:49pm

Sindh, Punjab at risk of flash floods due to heavy monsoon rains: NDMA

The National Disaster Management Authority (NDMA) on Friday warned of flash floods in various cities across Punjab...

Published 02 Aug, 2024 09:25pm

Energy

Oil down $2 as investors digest weak US job data

Brent crude futures fall $2.61, or 3.28%, to $76.91

Updated 02 Aug, 2024 09:23pm

Stocks

London’s FTSE 100 falls over 1% amid global stock slump

London stocks rounded the week off with heavy losses amid a global risk-off mood after a weak U.S. jobs report...

Published 02 Aug, 2024 09:17pm

Stocks

Nasdaq on pace to confirm correction after weak jobs report; Amazon, Intel sink

The Nasdaq Composite was set to plunge into a correction on Friday, falling more than 10% from its July peak after...

Published 02 Aug, 2024 07:47pm

Commodities

Global LNG: Asia spot LNG prices above 7-month high on hot weather, Mideast tensions

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week to their highest level in over seven months as...

Published 02 Aug, 2024 07:36pm

USA

Joe Biden says killing of Hamas leader Haniyeh not helpful for ceasefire talks

WASHINGTON: US President Joe Biden said on Thursday the killing of Palestinian group Hamas’ leader Ismail Haniyeh...

Updated 02 Aug, 2024 06:46pm

Currency

Rupee strengthens against US dollar

Currency settles at 278.50 against the US dollar in inter-bank market

Updated 02 Aug, 2024 06:29pm

Stocks

Bulls return to PSX as KSE-100 gains 486 points

After some negative sessions, bulls returned to the Pakistan Stock Exchange (PSX) on Friday, as its benchmark...

Published 02 Aug, 2024 06:25pm

Stocks

UAE stocks fall as regional tensions, US economic worries weigh

Stock markets in the United Arab Emirates ended lower on Friday, tracking their global peers, as tensions in the...

Published 02 Aug, 2024 05:58pm

Commodities

Asia gold: India premium drops as buying moderates; China demand lags

Gold premiums in India fell this week, as a recovery in prices tempered a buying frenzy led by the government’s...

Published 02 Aug, 2024 05:43pm

RDA inflows fall 11%, clock in at $200mn in June

Inflows through the Roshan Digital Account (RDA) clocked in at $200 million in June, a decline of 11% compared to...

Published 02 Aug, 2024 05:41pm

Govt announces ‘support package’ for families of missing persons

The government on Friday announced a support package for the families of missing persons in the country. Addressing...

Published 02 Aug, 2024 05:12pm

Forex

India’s forex reserves come off record highs

MUMBAI: India’s foreign exchange reserves halted a three-week gaining streak and stood at $667.39 billion as of July...

Published 02 Aug, 2024 05:04pm

South Asia

Student leader release fails to quell Bangladesh protests

DHAKA: Demonstrations in Bangladesh after Friday prayers demanded justice for victims of nationwide unrest and...

Published 02 Aug, 2024 04:56pm

Companies

IPO very much on the cards, says Jazz CEO Aamir Ibrahim

KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in...

Updated 02 Aug, 2024 04:53pm

Europe

Kremlin says prisoner deal ‘completely different’ from Ukraine

MOSCOW: The Kremlin on Friday said possible talks over the conflict in Ukraine were based on “completely different...

Published 02 Aug, 2024 04:48pm

PM Shehbaz says ‘Zionist state’ should be held accountable for Haniyeh’s assassination

National Assembly adopts resolution condemning killing of Hamas political chief and ongoing Israeli aggression in Gaza

Updated 02 Aug, 2024 04:46pm

Stocks

Indian shares end series of gains as US growth concerns spook global markets

BENGALURU: Indian shares snapped a weeks-long winning streak on Friday, dragged by information technology and auto...

Published 02 Aug, 2024 04:36pm

Stocks

Sri Lanka shares edge higher led by utilities

CSE All-Share index settled up 0.02% at 11,442.55

Published 02 Aug, 2024 04:34pm

Commodities

Palm oil ends with second consecutive weekly drop

JAKARTA: Malaysian palm oil futures closed higher on Friday tracking rival oils, although the ringgit’s persistent...

Published 02 Aug, 2024 04:32pm

Commodities

Copper bounces on potential US rate cuts

LONDON: Copper prices edged higher on Friday, supported by growing expectations of U.S. interest rate cuts and...

Published 02 Aug, 2024 04:29pm

Travel

Spain set for record tourist numbers in 2024 after first-half jump

MADRID: The number of foreign tourists in Spain jumped 13% in the first-half of 2024, putting the country on track...

Published 02 Aug, 2024 04:26pm

Business & Economy

Letter written to China for debt reprofiling: PM Shehbaz

Prime Minister Shehbaz Sharif on Friday said that he has “written a letter” to the Chinese authorities for the...

Published 02 Aug, 2024 04:25pm

‘Turkish John Wick’: Yusuf Dikeç takes internet by storm

Yusuf Dikeç, a retired officer of the Turkish Gendarmerie General Command, has become the latest internet sensation...

Updated 02 Aug, 2024 04:20pm

Energy

Attock Refinery CEO calls for phased deregulation in petroleum prices

Adil Khattak, Chief Executive Officer (CEO) of Attock Refinery Limited and Attock Gen Limited, has called for a...

Published 02 Aug, 2024 04:06pm

Heavy rain, floods in Pakistan kill at least 30

LAHORE/PESHAWAR: Floods brought by torrential rains in Pakistan caused damage that killed at least 30 people this...

Published 02 Aug, 2024 04:00pm

Bullion Rate

Gold prices in Pakistan hit record high of Rs257,300 per tola

Gold prices in Pakistan continues to register gains on Friday in line with the increase in the international rate....

Updated 02 Aug, 2024 02:49pm

Volvo Cars’ July sales rise 6% driven by European EVs

COPENHAGEN: Volvo Cars’ sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric...

Published 02 Aug, 2024 01:50pm

Forex

Rouble strengthens as Russia says oil price comfortable

MOSCOW: The Russian rouble edged up against the dollar on Friday following Russia’s statement that current prices of...

Published 02 Aug, 2024 01:48pm

Stocks

London’s FTSE 100 falls amid broader declines as investors cautious ahead of US data

London stocks inched lower on Friday amid broader declines as investors were cautious ahead of a crucial jobs report...

Published 02 Aug, 2024 01:45pm

Movies & Music

NBC enjoys Paris Olympics success as Americans neglect work to watch the Games

PARIS: The Paris Olympics have so far been a runaway hit for NBCUniversal, which achieved an advertising sales...

Published 02 Aug, 2024 01:40pm

Commodities

India’s July palm oil, soyoil imports surge on lower prices, dealers say

MUMBAI: India’s palm and soybean oil imports surged to their highest levels in about a year in July, as refiners...

Published 02 Aug, 2024 01:42pm

Airlines avoid some Mideast airspace, cancel Israel flights as tensions mount

Airlines are avoiding Iranian and Lebanese airspace and cancelling flights to Israel and Lebanon, as concerns grow...

Published 02 Aug, 2024 01:40pm

Sri Lanka needs to raise fiscal revenue to maintain stability, IMF says

Sri Lanka must make further efforts to raise fiscal revenue if it is to maintain economic stability and restore debt...

Published 02 Aug, 2024 01:32pm

Forex

Kenyan shilling slips on manufacturing FX demand; S&P review in focus

NAIROBI: Kenya’s shilling slipped on Friday due to dollar demand from the manufacturing sector, traders said, adding...

Published 02 Aug, 2024 01:29pm

Nintendo first-quarter net profit down 55%, forecast unchanged

TOKYO: Nintendo’s first quarter net profit plunged 55 percent on-year to 80.95 billion yen ($543 million), the...

Published 02 Aug, 2024 01:26pm

Stocks

European stock markets sink at open

LONDON: Europe’s main stock markets sank at the open on Friday after sharp losses elsewhere, as fears grew over a...

Published 02 Aug, 2024 12:38pm

Forex

South African rand gains on domestic economy while dollar dips

JOHANNESBURG: The South African rand was stronger in early trade on Friday, helped by signs of improvement in the...

Published 02 Aug, 2024 12:32pm

Commodities

French soft wheat in good/excellent condition at 50% as of July 29

Ratings showed 50% of French soft wheat in good or excellent condition by July 29, stable versus the previous week...

Published 02 Aug, 2024 12:30pm

Australia ‘redemption’ with Olympic freestyle relay gold

PARIS: Ariarne Titmus said Australia earned “redemption” Thursday by soaring to the women’s Olympic 4x200m freestyle...

Published 02 Aug, 2024 12:11pm

Europe

Some freed prisoners ‘feared for their lives’: German chancellor

COLOGNE: Some prisoners freed from Russia and Belarus in a major swap had feared for their lives, Chancellor Olaf...

Published 02 Aug, 2024 12:06pm

‘Proud’ Murray bows out of tennis with Paris Olympics defeat

PARIS: Andy Murray said he was retiring “on my terms” as his trophy-filled career came to an emotional end at the...

Published 02 Aug, 2024 12:02pm

Middle East

Slain Hamas chief Haniyeh to be buried in Qatar

DOHA: Qatar on Friday is due to hold funeral ceremonies for Hamas leader Ismail Haniyeh after his killing in Tehran,...

Published 02 Aug, 2024 11:41am

Germany’s Mack fires 63 to grab LPGA Portland Classic lead

LOS ANGELES: Polly Mack opened and closed her round with back-to-back birdies on her way to nine-under par 63 and a...

Published 02 Aug, 2024 11:52am

Azarenka to face Aryna Sabalenka in Washington quarter-finals

WASHINGTON: Two-time Australian Open champions Aryna Sabalenka and Victoria Azarenka will meet in the WTA and ATP...

Published 02 Aug, 2024 11:49am

Europe

Turkiye blocks access to Instagram

ISTANBUL: Turkiye on Friday blocked access to the Instagram social media network, the national communications...

Published 02 Aug, 2024 11:45am

Commodities

Soybeans, corn head for weekly losses on hopes for strong US supply

CANBERRA: Chicago corn and soybean futures hovered near four-year lows on Friday and looked set to post weekly...

Published 02 Aug, 2024 11:29am

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

Intel said on Thursday it would cut more than 15% of its workforce, some 17,500 people, and suspend its dividend...

Published 02 Aug, 2024 11:23am

Stocks

Stocks stumble on growth fears with US jobs data eyed

SINGAPORE: Asian shares and US Treasury yields slid while the Swiss franc and Japanese yen rose on safety bids on...

Published 02 Aug, 2024 11:18am

Mutual Funds

JGB yields drop to six-week lows as weak US data weighs

SINGAPORE: Japanese government bond yields fell on Friday to their lowest in six weeks, tracking declines in US...

Published 02 Aug, 2024 11:15am

USA

US recognizes Maduro’s opponent as winner in Venezuela election

WASHINGTON: The United States on Thursday recognized Venezuelan President Nicolas Maduro’s opponent and opposition...

Published 02 Aug, 2024 11:06am

Is the US ‘sleepwalking’ into a wider conflict in the Middle East?

It’s safe to say that US President Joe Biden has now been completely bulldozed by his old pal Israeli Prime Minister...

Updated 02 Aug, 2024 10:57am

Commodities

Palm oil gains after two-day slide, but set for weekly loss

JAKARTA: Malaysian palm oil futures rose on Friday after two sessions of falls, but were on track for their second...

Published 02 Aug, 2024 10:53am

USA

Plane carrying detainees released by Russia lands in US

WASHINGTON: A plane carrying detainees released by Russia landed in the United States late on Thursday at Joint Base...

Published 02 Aug, 2024 10:49am

Forex

Australia, NZ dollars grapple with risk aversion as US growth fears weigh

SYDNEY: The Australian dollar was pinned near three-month lows on Friday as weak US data fuelled fears of a sharp...

Published 02 Aug, 2024 10:43am

South Asia

India landslides rescue operations speed up with new metal bridge

CHOORALMALA: The search for survivors and bodies after devastating landslides in Kerala is expected to speed up on...

Published 02 Aug, 2024 10:41am

Forex

China’s yuan strengthens, looks set for second weekly gain

SHANGHAI: China’s yuan strengthened against the US dollar on Friday and looked set for a second consecutive week of...

Published 02 Aug, 2024 10:38am

Australia says Israel did not deliberately kill foreign aid workers in Gaza

SYDNEY: Israeli air strikes that killed international aid workers in Gaza in April were the result of serious...

Published 02 Aug, 2024 10:35am

Forex

South Korean won leads laggards in Asian FX; most shares in red

South Korea’s won declined the most among subdued emerging Asian currencies on Friday, while most regional share...

Published 02 Aug, 2024 10:20am

Bullion Rate

Gold prices set for weekly gain with US payrolls data on tap

Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and...

Published 02 Aug, 2024 10:17am

Stocks

Japan’s Nikkei drops 5% after Wall Street sell-off

TOKYO: Japan’s Nikkei share average tumbled 5% on Friday to hit a six-month low after Wall Street slumped overnight...

Published 02 Aug, 2024 10:15am

Stocks

Indian shares open lower tracking sell-off in global peers

BENGALURU: Indian shares opened lower on Friday, tracking a sell-off in global peers, after weaker-than-expected US...

Published 02 Aug, 2024 10:13am

Stocks

Australian shares fall 2% as US data spurs global sell-off

Australian shares slumped 2% on Friday after scaling record highs in the last two straight sessions, in tandem with...

Published 02 Aug, 2024 10:11am

Forex

Indian rupee to hover near record low, central bank counted on to support

MUMBAI: The Indian rupee is likely to hover near its all-time low at open on Friday, unable to benefit from a drop...

Published 02 Aug, 2024 10:09am

Mutual Funds

India 10-year bond yield holds 6.90% level before debt sale

MUMBAI: Indian government bond yields dipped in early session on Friday, tracking US peers, but the decline in...

Published 02 Aug, 2024 10:07am

Forex

Yen, Swiss franc near highs amid US slowdown fears; sterling swoons

TOKYO: The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after...

Published 02 Aug, 2024 10:05am

FY25 sell-off plan likely to be approved today

Cabinet Committee on Privatisation approves 24 SOEs for inclusion in privatisation programme

Updated 02 Aug, 2024 09:57am

IMF to approve $7bn EFF by end of month: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that the government wants investment and not aid...

Updated 02 Aug, 2024 09:55am

Cheap Russian oil: Musadik claims private sector made hefty profits

ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge...

Updated 02 Aug, 2024 09:54am

July trade deficit surges 19.7pc to $1.95bn YoY

ISLAMABAD: Pakistan’s trade deficit in July 2024 has increased by 19.7 percent year on year (YoY) to $1.95 billion...

Updated 02 Aug, 2024 09:54am

Conditions for GST payment, tax returns relaxed

ISLAMABAD: The Federal Board of Revenue (FBR) has relaxed conditions for sales taxpayers and requirement to file...

Updated 02 Aug, 2024 09:45am

Discos: Tarar says govt has embarked on sell-off plan

ISLAMABAD: The Federal Minister for Information, Broadcasting, National Heritage, and Culture, Attaullah Tarar, on...

Updated 02 Aug, 2024 09:44am

Imprest money: Govt weighs debit card against credit card for PSEs

ISLAMABAD: The government is considering suggesting debit instead of credit card solutions to address petty cash and...

Updated 02 Aug, 2024 09:33am

Pakistan to observe mourning day today

ISLAMABAD: Pakistan will observe a day of mourning today (Friday) in solidarity with Palestinian brothers and...

Updated 02 Aug, 2024 09:32am

Turkey blocks NATO-Israel cooperation

ANKARA: Turkey has blocked cooperation between NATO and Israel since October because of the war in Gaza and said the...

Updated 02 Aug, 2024 09:14am

Five Chinese firms bid to help with Panda Bond issuance

ISLAMABAD: Five Chinese firms have placed bids to work on Pakistan’s issuance of Panda Bonds, the South Asian...

Updated 02 Aug, 2024 09:14am

Chinese citizens: Visa-free facility will be available from 14th: PM

ISLAMABAD: Prime Minister Shehbaz Sharif said that free visa facility to Chinese citizens will be available from...

Updated 02 Aug, 2024 09:08am

Interest worth SDR 2.815bn paid to IMF since 1984

ISLAMABAD: Pakistan has paid interest amounting SDR 2.815 billion to International Monetary Fund (IMF) since 1984....

Updated 02 Aug, 2024 09:07am

BR’s refresher: your morning briefing for the day

Important updates from August 1, 2024

Published 02 Aug, 2024 09:04am

Inflation roundup: House rent increase, lowest in seven years

National headline inflation for July 2024 expectedly clocked in at 11.1 percent year-on-year – a 33-month low as...

Published 02 Aug, 2024 08:45am

EPQL in 1HCY24

Engro Powergen Qadirpur Limited (PSX: EPQL) has recently announced its financial results for the second quarter of...

Published 02 Aug, 2024 08:40am

Interview with Adil Khattak, Chief Executive Officer of Attock Refinery Limited & Attock Gen Limited

‘Government should prioritise supporting existing refineries willing to upgrade and expand’ Adil Khattak, Chief...

Published 02 Aug, 2024 08:36am

Companies

Moderna cuts 2024 sales forecast

NEW YORK: Moderna on Thursday cut its 2024 sales forecast for COVID-19 and respiratory syncytial virus vaccines by...

Published 02 Aug, 2024 08:19am

N Korea wants to restart nuclear talks if Trump wins, says ex-diplomat

SEOUL: North Korea wants to reopen nuclear talks with the United States if Donald Trump is re-elected as president...

Published 02 Aug, 2024 08:19am

Gohar Ejaz demands forensic audit: IPPs assailed for ‘pocketing’ Rs200bn

ISLAMABAD: Former caretaker Minister of Commerce Gohar Ejaz on Thursday censured the Independent Power Producers...

Published 02 Aug, 2024 08:19am

Anti-state propaganda case: PTI’s Raoof and others granted bail

ISLAMABAD: The special court, on Thursday, granted bail to Pakistan Tehreek-e-Insaf (PTI) Secretary Information ...

Published 02 Aug, 2024 08:19am

Pakistan condemns Israel’s adventurism in region

ISLAMABAD, August 1: Pakistan strongly condemned Israel’s continuing adventurism in the region and urged its...

Published 02 Aug, 2024 08:19am

Curbing practice of filing frivolous cases: SC for imposing costs under Order XXVIII, Rule 3

ISLAMABAD: The Supreme Court noted that the practice of instituting frivolous and vexatious cases can be curbed by...

Published 02 Aug, 2024 08:19am

SC gives Secretary last chance to form Climate Change Authority

ISLAMABAD: The Supreme Court gave last chance to the secretary Ministry of Climate Change to constitute the Climate...

Published 02 Aug, 2024 08:19am

Money & Banking

Asian currencies: Malaysian ringgit hits one-year high

BENGALURU: Mala ysia’s ringgit was on a tear on Thursday among emerging Asian currencies, while share markets ...

Published 02 Aug, 2024 08:19am

Money & Banking

Dollar gains on geopolitical tensions

NEW YORK: The dollar gained on Thursday as rising geopolitical tensions provided a safe haven boost to the currency,...

Published 02 Aug, 2024 08:19am

CDA chairman discusses various initiatives with diplomats

ISLAMABAD: In a series of meetings, Capital Development Authority (CDA) Chairman Muhammad Ali Randhawa discussed...

Published 02 Aug, 2024 08:18am

Money & Banking

Bank Alfalah earns Rs20.609bn PAT in first half of 2024

KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on Wednesday, approved the...

Published 02 Aug, 2024 08:16am

Punjab CM for preparing plan to deal with challenge of rains

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif had directed the relevant departments to prepare a relief plan in...

Published 02 Aug, 2024 08:15am

WCLA holds first-ever mango festival

LAHORE: The Walled City of Lahore Authority (WCLA) hosted the first-ever mango festival ‘Megh, Malhaar aur ...

Published 02 Aug, 2024 08:13am

PDWP approves seven uplift schemes worth Rs9bn

LAHORE: Punjab government has approved seven development schemes worth more than Rs 9 billion here on Wednesday. ...

Published 02 Aug, 2024 08:12am

LHC rejects FIA cybercrime report

LAHORE: The Lahore High Court on Thursday rejected a report by the FIA cybercrime wing regarding a complaint of...

Published 02 Aug, 2024 08:11am

Rains: Punjab govt continues relief operation at brisk pace

LAHORE: The Punjab government carried out the ‘relief and assistance operation’ at a brisk pace owing to 44 ...

Published 02 Aug, 2024 08:10am

Industry

Training session on E-CO held

FAISALABAD: Issuance of Electronic Certificate of Origin (E-CO) is an important and appreciable attempt of TDAP and...

Published 02 Aug, 2024 08:07am

Bail granted

LAHORE: An Anti Terrorism Court on Thursday allowed bail to Haseeb-ur-Rehman, an accused in Corps Commander House...

Published 02 Aug, 2024 08:06am

‘Sohail Sisters’ meet governor

LAHORE: The world record holders, Pride of Pakistan; Sohail Sisters, who won 15 gold medals in the Asian Pacific...

Published 02 Aug, 2024 07:59am

CS reviews arrangements for rainwater drainage

LAHORE: During the heavy rainfall, Chief Secretary Punjab Zahid Akhtar Zaman visited different areas of the city...

Published 02 Aug, 2024 07:55am

Fake video: Azma issues stern warning

LAHORE: Punjab Information Minister Azma Bokhari has warned of dire consequence to those who dare to upload her fake...

Published 02 Aug, 2024 07:54am

BOP hosts Prof Stefan Dercon

LAHORE: The Bank of Punjab Management held a client event in Lahore this week with Professor Stefan Dercon as Chief...

Updated 02 Aug, 2024 07:52am

India-bound flight makes emergency landing at Karachi airport

KARACHI: India-bound Oman Airlines flight on Thursday made an emergency landing at the Jinnah International Airport...

Published 02 Aug, 2024 07:50am

IPPs, KE: JI to hold sit-in protest tomorrow

KARACHI: Jamaat-e-Islami on Thursday announced to hold its postponed sit-in protest now on Saturday against the IPPs...

Published 02 Aug, 2024 07:47am

Ex-Info Secretary Ismail Patel passes away in Karachi

NEW YORK: Ismail Patel, a former Information Secretary who served in senior government positions, passed away in...

Published 02 Aug, 2024 07:45am

Lahore hit by another record-breaking spell of rains

LAHORE: The city of Lahore witnessed another record-breaking spell of monsoon showers on Thursday, recording 350...

Updated 02 Aug, 2024 07:40am

Murad orders distribution of textbooks before end of vacation

KARACHI: Sindh Chief Minister Syed Murad Ali Shah chaired a meeting of the Education Department and instructed the...

Updated 02 Aug, 2024 07:39am

Power restoration under way after rains: KE

KARACHI: The K-Electric (KE) network is stable and power restoration is underway after rains in various parts of the...

Published 02 Aug, 2024 07:38am

World Hepatitis Day observed at SIUT

KARACHI: World Hepatitis Day was observed at SIUT on Thursday amid growing concern regarding alarmingly high Viral...

Updated 02 Aug, 2024 07:36am

Clarification

ISLAMABAD: With reference to a news item published on 31st July, 2024 in the daily Business Recorder titled “CDA...

Updated 02 Aug, 2024 07:33am

Railways announces reduction in fares

ISLAMABAD: Pakistan Railways has announced a reduction in passenger train fares, said a press release. This ...

Published 02 Aug, 2024 07:32am

Ceasefire deal reached between tribes of Kurram

PESHAWAR: A ceasefire agreement has been reached between the tribes in Kurram and the traffic routes in the district...

Published 02 Aug, 2024 07:30am

Court sends Janjua to jail on 14 days judicial remand

ISLAMABAD: The special court on Thursday sent Pakistan Tehreek-e-Insaf (PTI) International Media Coordinator Ahmad...

Published 02 Aug, 2024 07:28am

Flash floods claim over 123 lives since July 1

ISLAMABAD: The flash floods triggered by monsoon rains since July 1, 2024 has claimed over 123 lives and injured 241...

Updated 02 Aug, 2024 07:27am

Toshakhana gifts case second reference: IHC issues notices to NAB in plea challenging arrest of IK & Bushra

ISLAMABAD: The Islamabad High Court (IHC), Thursday, issued notices to the National Accountability Bureau (NAB) in a...

Published 02 Aug, 2024 07:26am

China hopes Palestinian factions can create independent state soon

BEIJING: China hopes Palestinian factions can create an independent state as soon as possible, a Chinese foreign...

Published 02 Aug, 2024 06:50am

Russia frees US reporter in major prisoner swap with West: Turkey

ANKARA: US journalist Evan Gershkovich and former US marine Paul Whelan were released Thursday, the Turkish...

Published 02 Aug, 2024 06:48am

Trump loses appeal of gag order in hush money criminal case

NEW YORK: A New York state appeals court on Thursday rejected Donald Trump’s challenge to a gag order in his hush...

Published 02 Aug, 2024 06:43am

South Asia

BP to develop new oil and gas fields in Iraq

BAGHDAD: Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and ...

Published 02 Aug, 2024 06:41am

Money & Banking

BoE cuts rates from 16-year high

LONDON: The Bank of England cut interest rates from a 16-year high on Thursday after a tight vote by its ...

Published 02 Aug, 2024 06:40am

Middle East

Hamas calls for ‘day of rage’ for group leader’s burial

DOHA: Palestinian group Hamas called for a “day of furious rage” on Friday, coinciding with the burial of its...

Published 02 Aug, 2024 06:38am

Middle East

Hezbollah chief says response against Israel ‘inevitable’

BEIRUT: Hezbollah chief Hassan Nasrallah warned Thursday that the group was bound to respond to Israel’s killing ...

Updated 02 Aug, 2024 06:35am

The cries of the oppressed have overtaken the entire Middle East

“When evildoing comes like falling rain, nobody calls out “stop!” Bertolt Brecht says, ”When crimes begin to...

Published 02 Aug, 2024 06:31am

Commodities

Gold prices rise

KARACHI: The local gold prices on Thursday posted a sizeable gain with global bullion value rising, traders said....

Published 02 Aug, 2024 06:23am

Letters

‘Haniyeh killed in Iran: what next?’

This is apropos a letter to the editor ‘Haniyeh killed in Iran: what next?” by this writer carried by the...

Published 02 Aug, 2024 06:22am

Challenging gross financing requirements

Pakistan is about to enter into an Extended Fund Facility (EFF) programme with the International Monetary Fund...

Updated 02 Aug, 2024 06:17am

PARTLY FACETIOUS: The two Lahori leaders

“The embargo continues.” “What embargo?” “The Man Who Must Remain Nameless still! It’s been at least year if not...

Published 02 Aug, 2024 05:55am

Global factories struggled in July as demand waned, PMIs show

WASHINGTON/ LONDON: Manufacturers across the United States, Europe and Asia turned in a weak performance last month...

Published 02 Aug, 2024 05:56am

Swiss National Day 2024: GEORG STEINER Ambassador of Switzerland to Pakistan

TEXT: It is a pleasure and an honor for me to address you today. This year, Switzerland is again celebrating its...

Published 02 Aug, 2024 05:55am

Swiss National Day 2024: JASON AVANCEÑA President – Swiss Business Council

TEXT: As the President of the Swiss Business Council (SBC) in Pakistan, I extend my warmest greetings and heartfelt...

Published 02 Aug, 2024 05:55am

Swiss National Day 2024: KHURRAM SHAHZAD KHAN President & CEO – Habib Metropolitan Bank

TEXT: Heartfelt congratulations to the people and Government of Switzerland on the occasion of the 733rd National ...

Published 02 Aug, 2024 05:55am

Accelerating Sustainability in Marine and Energy

TEXT: Building on a century of innovation to secure the next 100 years of sustainable prosperity In 1924, the first...

Published 02 Aug, 2024 05:55am

Advancing a sustainable energy future for all

TEXT: Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are...

Published 02 Aug, 2024 05:55am

History of Switzerland – Pakistan bilateral relations

TEXT: Switzerland recognised Pakistan's independence in 1947. In 1949, the two countries established diplomatic...

Published 02 Aug, 2024 05:55am

75th Anniversary of the establishment of Pakistan – Switzerland diplomatic relations

TEXT: Pakistan Embassy in Switzerland hosted a special reception to celebrate 75th Anniversary of the establishment...

Published 02 Aug, 2024 05:55am

Swiss Business Council

TEXT: The Swiss Business Council (SBC) was established in 2008 as a legal entity under an act of the Securities ...

Published 02 Aug, 2024 05:55am

Trade Consulting Week and Road Show on Pakistan in Switzerland

TEXT: SBC is delighted to share that the highly anticipated Trade Consulting Week and Road Show on Pakistan is set ...

Published 02 Aug, 2024 05:55am

Telecom, mass media, construction development firms top cyberattack targets in 2024: report

ISLAMABAD: Telecom, mass media, and construction development companies are the top cyberattack targets in different...

Published 02 Aug, 2024 05:55am

5G spectrum auction: PTA shortlists 10 global consultants

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has shortlisted 10 international consultants/JVs/firms who had...

Published 02 Aug, 2024 05:55am

Telecom sector eyeing to generate Rs1000bn: PTA

ISLAMABAD: The total revenue from telecom sector in this fiscal year is estimated at Rs1,000 billion, Chairman...

Published 02 Aug, 2024 05:55am

Anshuman Gaekwad dies at 71

NEW DELHI: Former India batsman and two-time national coach Anshuman Gaekwad has died aged 71 following a long ...

Published 02 Aug, 2024 05:55am

US says plea deal reached with 9/11 mastermind

WASHINGTON: US prosecutors have reached a deal with 9/11 mastermind Khalid Sheikh Mohammed, the Pentagon said...

Published 02 Aug, 2024 05:55am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (August 01, 2024). ==================================== BR...

Published 02 Aug, 2024 05:55am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (August 01, 2024). ======================================= Offset...

Published 02 Aug, 2024 05:55am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 01, 2024)....

Published 02 Aug, 2024 05:55am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (August 01, 2024)....

Published 02 Aug, 2024 05:55am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (August 01, 2024). ======================== Open Bid...

Published 02 Aug, 2024 05:55am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 02 Aug, 2024 05:55am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (August 01, 2024). ========================== KIBOR...

Published 02 Aug, 2024 05:55am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 02 Aug, 2024 05:55am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 02 Aug, 2024 05:55am

The Weather

KARACHI: The weather report on Thursday (August 01, 2024) and the forecast for Friday (August 02, 2024)...

Published 02 Aug, 2024 05:55am

Cotton & Textile

Spot rate gains Rs200 per maund

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 2,00 per...

Published 02 Aug, 2024 05:55am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Thursday, (August 01, 2024)...

Published 02 Aug, 2024 05:55am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 148,184 tonnes of cargo comprising 86,774 tonnes of import cargo and 61,410...

Published 02 Aug, 2024 05:55am

Energy

Oil prices ease as supply intact amid ME conflict fears

HOUSTON: Oil prices edged lower on Thursday as global supply seemed largely unaffected by worries of a wider Middle...

Published 02 Aug, 2024 05:55am

Energy

Oil slips over $1 as supply intact despite ME conflict fears

HOUSTON: Oil prices settled more than $1 lower on Thursday as global supply seemed largely unaffected by worries of ...

Published 02 Aug, 2024 05:55am

Stocks

Japanese shares tumble as yen gains rattle market

TOKYO: Japan’s Nikkei share average declined on Thursday as the yen rallied further following the Bank of ...

Published 02 Aug, 2024 05:55am

Stocks

China stocks fall as manufacturing activity shrinks

SHANGHAI: China stocks fell on Thursday, following the biggest one-day gain in five months in the previous session,...

Published 02 Aug, 2024 05:55am

Stocks

European shares slide more than 1pc as bank stocks crumble

PARIS: Europe’s STOXX 600 closed more than 1 percent lower on Thursday, with banks leading the sell-off after...

Published 02 Aug, 2024 05:55am

Stocks

Wall Street retreats on slowdown fears

NEW YORK: Wall Street’s main indexes reversed course and slumped on Thursday, weighed by megacap tech and chip...

Published 02 Aug, 2024 05:55am

Stocks

Gulf stocks mixed on ME tensions

DUBAI: Stock markets in the Gulf ended mixed on Thursday amid tensions in the Middle East following the killing of...

Published 02 Aug, 2024 05:55am

IMF programme & challenges

Pakistan’s economic journey took a momentous turn after it bid farewell to the International Monetary Fund (IMF) ...

Published 02 Aug, 2024 05:55am

LHC overrules office objection

LAHORE: The Lahore High Court on Thursday overruled an office objection to a petition of former PTI chairman Imran...

Published 02 Aug, 2024 05:55am

169 projects delayed: MoF disbursed only Rs23bn of Rs40bn budget, Senate panel told

ISLAMABAD: The Senate Standing Committee on Housing and Works was informed that the delays in completing 169 ...

Published 02 Aug, 2024 05:55am

NA body calls for enhancing trade ties in region

ISLAMABAD: The Standing Committee of the National Assembly on Foreign Affairs on Thursday called for enhancing trade...

Published 02 Aug, 2024 05:55am

Pakistan to double its share of skilled workers to reach level of Chile: WB

ISLAMABAD: Pakistan would need to double its share of skilled workers to reach the level of Chile, says the World...

Published 02 Aug, 2024 05:55am

Pemra issues directive to TV channels

ISLAMABAD: The Pakistan Electronic Media Regulatory Authority (PEMRA), on Thursday, issued a directive to all...

Published 02 Aug, 2024 05:55am

Sindh CM to inaugurate My Karachi-Oasis of Harmony today

KARACHI: Chief Minister Sindh Syed Murad Ali Shah will be inaugurating 19th My Karachi – Oasis of Harmony...

Published 02 Aug, 2024 05:55am

Sleazy venture of engineers’ sale/purchase by PEC mafia exposed

LAHORE: In a shocking revelation, Engineer Zahoor Sarwar, a member of the governing body of the Pakistan Engineering...

Published 02 Aug, 2024 05:55am

Thar Foundation equipping youth with skills

KARACHI: Thar Foundation, a CSR wing of SECMC, is equipping the youth with the skills needed to navigate the ...

Published 02 Aug, 2024 05:55am

Five-judge Shariat Appellate Bench formed

ISLAMABAD: A five-judge Shariat Appellate Bench, headed by Chief Justice QaziFaez Isa was constituted for hearing...

Published 02 Aug, 2024 05:55am

Govt refers to TTP as ‘Fitna al Khawarij’

ISLAMABAD: The government has decided to refer to Tehreek-e-Taliban Pakistan (TTP) as ‘Fitna al Khawarij’ in...

Published 02 Aug, 2024 05:55am

PBC says it fully stands behind Parliament

ISLAMABAD: The Pakistan Bar Council (PBC) resolved that the Parliament, being the supreme constitutional ...

Published 02 Aug, 2024 05:55am

Rates

Stocks shed more weight

KARACHI: Pakistan Stock Exchange on Thursday witnessed a mixed trend and after moving in both directions, closed on ...

Published 02 Aug, 2024 05:55am

Insurance pool: SECP to liaise with Centre and provinces

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to carry out technical engagements...

Published 02 Aug, 2024 05:55am

Export of 40,000 tons of sugar to Tajikistan recommended

ISLAMABAD: A joint meeting of the Cabinet Committee on Monitoring Sugar Export and Sugar Advisory Board (SAB),...

Published 02 Aug, 2024 05:55am

Industry

PQEPC team meets Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb and Minister for Power Awais Ahmad Khan Leghari held a meeting with...

Published 02 Aug, 2024 05:55am

Commodities

Dalian iron ore snaps three-day losing run

SINGAPORE: Dalian iron ore futures prices snapped a three-day losing streak on Thursday, buoyed by top producer Rio...

Published 02 Aug, 2024 05:55am

Commodities

Japanese rubber futures weaken

SINGAPORE: Japanese rubber futures declined on Thursday, weighed down by soft economic data from top consumer China...

Published 02 Aug, 2024 05:55am

Commodities

Copper falls on soft Chinese factory data

LONDON: Copper prices retreated on Thursday on worse-than-expected factory data in top metals consumer China and...

Published 02 Aug, 2024 05:55am

Commodities

Gold erases Fed-inspired gains as US dollar rebounds

BENGALURU: Gold prices dipped as the dollar rebounded on Thursday, after bullion hit two-week highs earlier in the...

Published 02 Aug, 2024 05:55am

Commodities

Asia rice: India rates climb to six-week peak

BENGALURU, MUMBAI, BANGKOK, HANOI, BANGLADESH: India’s rice export prices rose to their highest level since...

Published 02 Aug, 2024 05:55am

Commodities

Malaysian palm oil futures down

JAKARTA: Malaysian palm oil futures dropped for a second consecutive session on Thursday as a stronger ringgit and...

Published 02 Aug, 2024 05:55am

TDAP sees over $1bn business in FOODAg-2024

KARACHI: Trade Development Authority of Pakistan (TDAP) is expecting business of over $1 billion in the 2nd edition...

Published 02 Aug, 2024 05:55am

Tackling inequality

EDITORIAL: In a perfect reflection of the way global income and wealth disparities have grown exponentially in our...

Published 02 Aug, 2024 05:55am

Ismail Haniyeh’s assassination in Iran

EDITORIAL: Israelis – all the way up to cabinet ministers – celebrating Hamas chief Ismail Haniyeh’s...

Published 02 Aug, 2024 05:55am

Companies

KE completes another significant milestone

KARACHI: K-Electric (KE) completed another significant milestone in its ambitions to enhance its share of renewable...

Published 02 Aug, 2024 05:55am

UBG welcomes cabinet’s historic visa policy reform

Industry

Europe

Kamala Harris calls Russian opposition figure Navalnaya after prisoner swap

WARSAW: US Vice President Kamala Harris called Russian opposition figurehead Yulia Navalnaya, the widow of late...

Published 02 Aug, 2024 12:08am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 19	18,935
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00