News Archives for Latest - 2024-08-13

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Archive - 2024-08-13

Prime Minister Shehbaz announces Rs150 million reward for Arshad Nadeem

Prime Minister Shehbaz Sharif on Tuesday announced a reward of Rs150 million for Olympic gold medalist Arshad Nadeem...

Updated 15 Aug, 2024 08:49pm

Industry

Govt reduces petrol price by Rs8.47, HSD’s by Rs6.7 per litre

New prices come into effect from August 14, 2024

Updated 14 Aug, 2024 12:52am

Far-right minister leads Israelis in prayer at flashpoint mosque compound

JERUSALEM: A far-right Israeli minister prayed with thousands of Jews at the Al-Aqsa mosque compound in annexed east...

Published 13 Aug, 2024 11:02pm

Europe

Zelensky says Ukraine controls 74 Russian settlements

KYIV: Ukraine now controls 74 settlements in Russia’s Kursk border region, the country’s president Volodymyr...

Published 13 Aug, 2024 10:35pm

Commodities

Gold price per tola increases Rs1,200 in Pakistan

After remaining unchanged in the previous session, gold prices in Pakistan rose on Tuesday in line with the increase...

Updated 13 Aug, 2024 10:29pm

Stocks

KSE-100 closes marginally negative after range-bound trading, volume soars

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index endured a range-bound session on Tuesday as it faced...

Updated 13 Aug, 2024 10:26pm

Companies

MSCI adds 6 Pakistani companies to Small Cap, 1 to Frontier Markets Indexes

In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the August 2024 index...

Updated 13 Aug, 2024 10:25pm

Companies

Sazgar to launch ORA-07 EV in Pakistan

Sazgar Engineering Works (SAZEW) is set to introduce the ORA-07 EV, a Completely Built Unit (CBU) electric vehicle,...

Updated 13 Aug, 2024 10:24pm

Punjab CM Maryam meets Arshad Nadeem, presents Rs100mn to Olympic record holder

Hands key of Honda Civic car to Nadeem

Updated 13 Aug, 2024 10:24pm

South Asia

Pakistan ‘gravely concerned’ at theft, illicit sale of radioactive materials in India: FO

These recurring incidents call into question measures taken by New Delhi for the safety and security of nuclear and other radioactive materials, Islamabad says

Updated 13 Aug, 2024 10:23pm

Federal cabinet increases number of Privatisation Commission Board members to 11

The federal cabinet with Prime Minister Muhammad Shehbaz Sharif in the chair approved on Tuesday an increase in the...

Published 13 Aug, 2024 09:39pm

Stocks

STOXX 600 hits two-week closing high as Fed rate cut bets strengthen

Europe’s benchmark stock index closed at a near two-week high on Tuesday, as growing hopes of an interest rate cut...

Published 13 Aug, 2024 09:36pm

Energy

Oil falls more than $1 as attack fears fade

HOUSTON: Brent and U.S. crude oil futures fell more than $1 a barrel on Tuesday as markets saw reduced risk of a...

Updated 13 Aug, 2024 09:09pm

Companies

Paramount Global begins planned layoffs with 15% job cuts in US

Paramount Global will begin laying off 15% of its workforce in the United States starting Tuesday as part of its...

Published 13 Aug, 2024 09:04pm

China’s Olympics rise redefines global competition with US

China's strong response to doping allegations reflects the behavior of a major power that desires to protect its reputation and soft image abroad vis-a-vis its geopolitical competitors

Published 13 Aug, 2024 08:55pm

Commodities

CCP approves 100% acquisition of fintech SadaPay by Turkish firm

The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 100% shareholding of...

Published 13 Aug, 2024 08:52pm

MENA

Opportunities in UAE highlighted as Dubai celebrates Pakistan’s Independence Day

DUBAI: Opportunities in the UAE are attracting the “brightest and smartest Pakistanis”, said Ambassador Faisal Niaz...

Published 13 Aug, 2024 08:47pm

Arshad Nadeem to be chief guest at Independence Day ceremony: Tarar

Olympic gold medalist Arshad Nadeem will be the chief guest at the Independence Day ceremony in Islamabad, Federal...

Published 13 Aug, 2024 08:22pm

South Asia

Bangladesh court opens murder case against ex-premier Sheikh Hasina

DHAKA: A court in Bangladesh opened a murder investigation into ousted ex-premier Sheikh Hasina and six top figures...

Updated 13 Aug, 2024 07:22pm

South Asia

Hundreds killed as heavy monsoon rains lash Pakistan and India

NEW DELHI: Torrential storms lashing South Asia have killed hundreds of people since June, official data showed...

Updated 13 Aug, 2024 07:21pm

Stocks

US stocks up as markets digest producer inflation data

NEW YORK: Wall Street stocks advanced Tuesday as US producer inflation came in cooler than anticipated but signaled...

Published 13 Aug, 2024 07:19pm

Exchange

Rupee falls marginally against US dollar

Currency settles at 278.70 against greenback in inter-bank market

Updated 13 Aug, 2024 06:41pm

Middle East

Putin tells Abbas ‘concerned’ about Palestinian civilian toll

MOSCOW: Russian President Vladimir Putin on Tuesday told Palestinian Authority President Mahmud Abbas that Moscow...

Published 13 Aug, 2024 06:09pm

Energy

Global oil demand growth slowing: IEA

PARIS: Global oil demand growth slowed in the second quarter of the year, primarily due to softer construction and...

Published 13 Aug, 2024 05:57pm

FoodAg Expo 2024: culinary event at heart of global business

Hosted by the Trade Development Authority of Pakistan (TDAP), the FoodAg Expo 2024 transcended its agricultural...

Published 13 Aug, 2024 05:57pm

Stocks

Stock markets diverge, as oil prices cool

LONDON: Europe’s main stock markets fell Tuesday after gains in Asia, as attention turned to economic data and its...

Updated 13 Aug, 2024 05:31pm

Sri Lanka name Bell as batting coach for England tour

COLOMBO: Former England player Ian Bell was named Tuesday as Sri Lanka’s batting coach for the three-match Test...

Published 13 Aug, 2024 05:29pm

Stocks

Sri Lanka shares end higher as financials, IT gain

BENGALURU: Sri Lankan shares closed higher on Tuesday, led by gains in financial and information technology stocks....

Published 13 Aug, 2024 05:17pm

Europe

Meta welcomes Turkiye lifting access ban on Instagram, spokesperson says

ISTANBUL: Instagram parent Meta said on Tuesday that the company welcomed Turkiye’s reopening of access to the...

Published 13 Aug, 2024 05:15pm

Stocks

Selling pressure grips Indian shares; HDFC Bank leads index losses

BENGALURU: Indian shares fell on Tuesday, dragged by HDFC Bank’s decline on likely lower-than-expected inflows due...

Published 13 Aug, 2024 04:50pm

Commodities

Copper retreats on rising inventories, sluggish demand

LONDON: Copper prices pulled back on Tuesday after three sessions of gains, burdened by surging inventories and...

Published 13 Aug, 2024 04:47pm

Commodities

Palm oil closes at seven-month low on weak exports and rival oils

SINGAPORE: Malaysian palm oil futures closed at their weakest level in more than seven months on Tuesday, hurt by...

Published 13 Aug, 2024 04:45pm

Movies & Music

‘Nobody came to my rescue’: Pakistan actor Nimra Khan describes kidnapping attempt ordeal

Pakistan actor Nimra Khan questioned if women felt safe in Pakistan, as she described the kidnapping attempt that...

Published 13 Aug, 2024 04:24pm

Budget 2024-25: income tax calculator for FY25

Published 13 Aug, 2024 04:18pm

Man City’s Haaland nominated for PFA Player of the Year award

LONDON: Manchester City striker Erling Haaland is in the hunt to win a second successive PFA Player of the Year...

Published 13 Aug, 2024 03:09pm

Stocks

London’s FTSE 100 set to extend rally to third session, Dowlais Group falters

London’s FTSE 100 inched higher on Tuesday amid broader gains in the run-up to crucial inflation numbers in the...

Published 13 Aug, 2024 02:50pm

Musk’s Starlink wins Sri Lanka licence

COLOMBO: Sri Lanka’s telecommunications regulator has issued a licence to Elon Musk’s Starlink, the satellite unit...

Published 13 Aug, 2024 02:46pm

Forex

Russian rouble weakens 8.5% as dollar gains following Kursk attack

MOSCOW: The Russian rouble continued to weaken on Tuesday for the sixth consecutive trading session, following...

Published 13 Aug, 2024 02:44pm

Iga Swiatek to sharpen hardcourt skills in Cincinnati with US Open looming

Iga Swiatek expects a tough return to hardcourt tennis at the Cincinnati Open but the top-ranked Pole said she will...

Published 13 Aug, 2024 02:43pm

Movies & Music

Olympic flag arrival kicks off 2028 ‘pressure’ for Los Angeles

LOS ANGELES, United States: The Olympic flag arrived under bright skies Monday in Los Angeles, where officials now...

Published 13 Aug, 2024 02:30pm

Tariff, USD indexation under PPA terms: South Korean co threatens to file global lawsuit

Seeks intervention of Power Division to take appropriate measures to ensure that contractual commitments outlined in the PPA are upheld

Updated 13 Aug, 2024 02:29pm

South Asia

More Indian hospitals hit by doctors’ protest against alleged rape and murder

KOLKATA: Hospital services were disrupted in several Indian cities on Tuesday, after the nationwide spread of a...

Published 13 Aug, 2024 02:06pm

July-March: govt signs $2.166bn loan commitments

ISLAMABAD: The Government of Pakistan signed new agreements worth $2.166 billion as commitments in the period...

Updated 13 Aug, 2024 02:02pm

Stocks

Major Gulf market mixed ahead of US data, oil demand concerns

Major stock markets in the Gulf were mixed in early trade on Tuesday ahead of a slew of data being released this...

Published 13 Aug, 2024 02:00pm

Europe

EU firefighters to join as Greece battles blaze

ATHENS: Greece battled a massive wildfire near Athens for a third day on Tuesday, with hundreds of European...

Published 13 Aug, 2024 12:44pm

Lionel Messi won’t play for Miami in Leagues Cup match at Columbus

MIAMI: Argentine star Lionel Messi was ruled out on Monday by Inter Miami coach Gerardo Martino for the defending...

Published 13 Aug, 2024 12:42pm

Middle East

Palestinian health ministry says Israeli forces killed man in West Bank

NABLUS: The Palestinian health ministry said Israeli forces shot dead a Palestinian man in the occupied West Bank on...

Published 13 Aug, 2024 12:41pm

Energy

Cut in petroleum prices expected

ISLAMABAD: A significant reduction in fuel prices is on the cards for Pakistani consumers. According to preliminary...

Updated 13 Aug, 2024 12:21pm

Forex

China's yuan eases on weakest guidance in nearly 9 months

SHANGHAI: The yuan slipped against the dollar on Tuesday after the central bank set its weakest fixing in nearly ...

Updated 13 Aug, 2024 11:52am

Forex

Indian rupee sees mild relief amid uptick in Asia peers

MUMBAI: The Indian rupee nudged higher on Tuesday, after hitting an all-time low in the previous session, tracking...

Updated 13 Aug, 2024 11:52am

Europe

Russia attacked Ukraine with 38 attack drones, 2 ballistic missiles, Kyiv says

Russia launched 38 attack drones and two Iskander-M ballistic missiles at Ukraine overnight, Ukraine's air force ...

Updated 13 Aug, 2024 11:52am

Mutual Funds

Indian bond yields inch down with focus shifting to US inflation

MUMBAI: Indian government bond yields were marginally lower on Tuesday after data showed the country's retail...

Updated 13 Aug, 2024 11:52am

Commodities

Iron ore extends fall on faltering China demand

BEIJING: Iron ore futures prices fell for a second straight session on Tuesday, as faltering demand amid steel ...

Updated 13 Aug, 2024 11:51am

Mutual Funds

JGB futures edge higher in cautious trading before crucial US economic data

TOKYO: Japanese government bond futures edged higher on Tuesday as the week got off to a cautious start with...

Updated 13 Aug, 2024 11:51am

Forex

Dollar tenses for data verdict on rate cut risks

SYDNEY: The dollar was in limbo on Tuesday as investors waited to see how US economic data affected the chance of...

Updated 13 Aug, 2024 11:51am

Stocks

Japan's Nikkei jumps 2% on return from holiday; tech shares rally

TOKYO: Japan's Nikkei share average jumped more than 2% in early trading on Tuesday, with tech shares leading the...

Updated 13 Aug, 2024 11:51am

Stocks

Australian shares struggle for direction; CSL falls over 3% on weak forecast

Australian shares were flat on Tuesday, with gains in commodity and banking stocks countered by losses in healthcare...

Updated 13 Aug, 2024 11:51am

USA

Rambling Trump, Musk interview marred by tech issues

WASHINGTON: Republican presidential candidate Donald Trump sat Monday for a friendly two-hour interview with...

Updated 13 Aug, 2024 11:51am

Asia

Indonesia finance minister says global economy shadowed with risk and uncertainty

JAKARTA: Indonesian finance minister Sri Mulyani Indrawati said on Tuesday the global economy is still shadowed with...

Updated 13 Aug, 2024 11:51am

South Asia

US says it had no role in ousting of Bangladesh's Hasina

WASHINGTON: The United States had no role in ousting Bangladesh Prime Minister Sheikh Hasina, who recently quit her...

Updated 13 Aug, 2024 11:51am

Commodities

Palm oil range-bound as weak exports counter lower inventories

SINGAPORE: Malaysian palm oil futures flitted in a tight range on Tuesday as traders weighed lower stockpiles ...

Updated 13 Aug, 2024 11:50am

Commodities

Soybeans drop for sixth session on expectations of record US output

SINGAPORE: Chicago soybeans lost more ground on Tuesday, with the market trading close to a four-year low hit in the...

Updated 13 Aug, 2024 11:50am

Bullion Rate

Gold dips as investors book profits, US inflation data in focus

Gold prices eased on Tuesday as profit-taking kicked in after bullion hit a more than one-week high, while market...

Updated 13 Aug, 2024 11:50am

Commodities

LME copper snaps 3-day rally ahead of key data from US, China

London copper fell on Tuesday as traders booked profits after a three-session rally, but trading volume was thin ...

Updated 13 Aug, 2024 11:50am

MENA

British maritime agencies report blast incidents near Yemen's Hodeidah

CAIRO: A ship's captain reported an explosion in the vicinity of the vessel located about 63 nautical miles ...

Updated 13 Aug, 2024 11:50am

Jannik Sinner plays down hip issue ahead of Cincinnati

World number one Jannik Sinner said he is not worried about a hip issue that had been troubling him over the last...

Updated 13 Aug, 2024 11:50am

Jessica Pegula goes back-to-back at National Bank Open

Jessica Pegula successfully defended her National Bank Open title, defeating Amanda Anisimova 6-3, 2-6, 6-1 in an...

Published 13 Aug, 2024 11:32am

Commodities

Japan's July aluminium stocks down 5.7% m/m Aug

Aluminium stocks at three major Japanese ports fell to 299,600 metric tons at the end of July, down about 5.7% from...

Published 13 Aug, 2024 11:36am

Forex

Australian dollar tests resistance, kiwi awaits rate fate

SYDNEY: The Australian dollar was bumping up against resistance on Tuesday as an extended rally in Japanese stocks...

Published 13 Aug, 2024 11:38am

Europe

Russia's Putin to talk Middle East crisis with Palestinian President Abbas, Kremlin says

Russia's President Vladimir Putin will discuss the situation in the Middle East with Palestinian President Mahmoud...

Published 13 Aug, 2024 11:44am

Over 58,000 traders registered against 3.2m target

Monthly tax payments from traders to start from this month

Updated 13 Aug, 2024 11:41am

Stocks

Indian shares set to open flat; HDFC Bank in focus

BENGALURU: Indian shares are set to open subdued on Tuesday, with HDFC Bank likely to edge higher on the prospect of...

Published 13 Aug, 2024 11:34am

Stocks

China stocks slip in thin trade amid muted investor sentiment

SHANGHAI: China stocks slipped on Tuesday in thin trade amid subdued sentiment, due to sluggish economic recovery...

Published 13 Aug, 2024 11:26am

Chris Woakes another England injury worry after pulling out of The Hundred

England will be monitoring the status of Chris Woakes ahead of the three-Test series against Sri Lanka after the...

Published 13 Aug, 2024 11:19am

FBR shares revenue collection plan with Aurangzeb

ISLAMABAD: The Federal Board of Revenue (FBR) Monday shared a comprehensive plan with Finance Minister Muhammad...

Updated 13 Aug, 2024 09:20am

Cabinet for more rationale in categorising SOEs

ISLAMABAD: The Federal Cabinet has asked Ministries/ Divisions to further rationalise the necessity to categorise...

Updated 13 Aug, 2024 09:15am

BOI drafts ‘Asaan Karobar Bill 2024’

ISLAMABAD: The Board of Investment (BOI) has drafted “Asaan Karobar Bill 2024” aimed at reforming the regulatory...

Updated 13 Aug, 2024 09:14am

Cabinet approves panel for modalities: Rs75bn to be disbursed for projects under SDGs

ISLAMABAD: The federal cabinet has approved a 27-member steering committee on Sustainable Development Goals...

Updated 13 Aug, 2024 08:42am

Trump back on social media site X

WASHINGTON: Republican presidential candidate Donald Trump was back on social media platform X ahead of his...

Updated 13 Aug, 2024 08:41am

PM says AI ‘is the future’

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday said the provinces are getting 60 percent shares from the...

Updated 13 Aug, 2024 08:41am

Three PML-N MNAs reinstated as SC sets aside LHC verdicts

ISLAMABAD: The Supreme Court by a majority of 2 to 1 set aside the Lahore High Court’s (LHC) judgment announced in...

Updated 13 Aug, 2024 08:39am

Gen Faiz taken into military custody

ISLAMABAD: Former Inter-Services Intelligence (ISI) chief and ex-Peshawar Corps Commander, Lieutenant General Faiz...

Updated 13 Aug, 2024 08:38am

BR’s refresher: your morning briefing for the day

Important updates from August 12, 2024

Published 13 Aug, 2024 08:36am

No need to form judicial commission on May 9 incidents: Azma

LAHORE: Punjab Information Minister Azma Bokhari stated that there is no need to form a judicial commission to...

Published 13 Aug, 2024 08:19am

Mohmand Dam Project: Wapda all set to carry out Swat river diversion

LAHORE: Wapda is all set for diversion of Swat River at Mohmand Dam Hydropower Project as the diversion tunnels have...

Updated 13 Aug, 2024 08:18am

PML-N govt believes in giving opportunities to youth: CM

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Monday the PML-N government believes in giving...

Published 13 Aug, 2024 08:17am

Tanveer highlights criticality of agriculture in economy

LAHORE: Federal Minister for Industry and Production, Rana Tanveer Hussain on Monday said that agriculture plays a...

Updated 13 Aug, 2024 08:16am

Legislative process under way to conduct LG polls in Punjab: minister

LAHORE: Punjab Local Government Minister Zeeshan Rafiq has said that the legislative process is underway to conduct...

Updated 13 Aug, 2024 08:13am

Gender empowerment, sustainable development: NA speaker outlines key strategies

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq said that exchanging ideas, best practices, and forging...

Updated 13 Aug, 2024 08:11am

CM meets Imam Masjid-e-Nabawi

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Monday that the Saudi Crown Prince Muhammad bin Salman...

Updated 13 Aug, 2024 08:11am

Sindh govt starts free air ambulance service

KARACHI: Provincial Ministers Syed Nasir Hussain Shah and Saeed Ghani have said that the Sindh government has ...

Updated 13 Aug, 2024 08:08am

Profit rates for different savings schemes revised downward

KARACHI: The Central Directorate of National Savings (CDNS) has announced to revise the rate of returns on several...

Updated 13 Aug, 2024 08:06am

NUST awarded special technology zone’s status

ISLAMABAD: In a landmark development, the National University of Sciences & Technology (NUST) has been awarded...

Published 13 Aug, 2024 08:05am

Transition towards cashless society to drive financial inclusion: Ali Irfan

ISLAMABAD: The transition towards a cashless society can significantly impact Pakistan’s economy by reducing the...

Published 13 Aug, 2024 08:02am

Industry

KATI for releasing pending Rs33bn power subsidy immediately

KARACHI: The Korangi Association of Trade and Industry (KATI) has urged the government to immediately release a...

Updated 13 Aug, 2024 08:00am

Aurangzeb briefs PepsiCo CEOs on economic uplift

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday briefed the CEOs of PepsiCo...

Published 13 Aug, 2024 07:59am

PARTLY FACETIOUS: The fault for not welcoming Nadeem Ashraf lay with her dratted tailor

“Can anyone explain the composition of the welcome committee?” “Welcome committee for what occasion? I don’t...

Updated 13 Aug, 2024 07:52am

Bring back zero-rating

Should the government ensure implementation of sales tax at the point-of-sale, ~Rs 293 billion in tax revenue could...

Updated 13 Aug, 2024 07:51am

Letters

Israel and allies are after bigger trophies…

This is apropos three letters to Editor titled “Israel and allies are after bigger trophies” carried by the...

Updated 13 Aug, 2024 07:44am

Budgetary outcome in 2023-24

The statistics on the outcome of fiscal operations by the federal and provincial governments in 2023-24 were ...

Updated 13 Aug, 2024 07:40am

The plight of the minorities

August 11, 2024 was ‘celebrated’ as Minorities Day, as has been the custom now since 2009. The date, August 11, was...

Updated 13 Aug, 2024 07:38am

Petroleum policy: consistency is the key

EDITORIAL: The energy sector mess in Pakistan has multiple dimensions. One dynamic is falling domestic oil and gas...

Updated 13 Aug, 2024 07:34am

Kinds of security threats

EDITORIAL: Surely, Prime Minister Shehbaz Sharif realises that he’s not the first Pakistani head of government to...

Updated 13 Aug, 2024 07:32am

Zardari vows to extend all possible facilitation to minorities in all sectors

ISLAMABAD: President Asif Ali Zardari said all possible facilitation should be extended to the minorities in all...