News Archives for Latest - 2024-08-14

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Archive - 2024-08-14

No spectators allowed at Karachi’s National Stadium for 2nd Test between Pakistan-Bangladesh

The Pakistan Cricket Board (PCB) announced Wednesday that Pakistan’s second Test match against Bangladesh will be...

Updated 14 Aug, 2024 11:34pm

Europe

Russia jails US citizen for 15 days for petty hooliganism

MOSCOW: A Moscow court sentenced U.S. citizen Joseph Tater to 15 days in jail on Wednesday for petty hooliganism,...

Published 14 Aug, 2024 10:27pm

USA

US FDA approves Gilead's liver disease drug

The U.S. Food and Drug Administration on Wednesday approved Gilead Sciences' liver disease treatment, Livdelzi, ...

Published 14 Aug, 2024 10:23pm

MENA

Israeli spy chiefs to attend Gaza talks in Doha: PM’s office

OCCUPIED JERUSALEM: Israel’s spy chiefs will attend talks in Doha on Thursday seeking a Gaza ceasefire and hostage...

Published 14 Aug, 2024 09:17pm

Middle East

Gaza truce talks to be held in Doha on Thursday: sources

US State Department says Israeli Prime Minister Benjamin Netanyahu has confirmed Israel's participation

Updated 14 Aug, 2024 09:14pm

India names Morne Morkel as new bowling coach

NEW DELHI: India has appointed former South Africa Test fast bowler Morne Morkel as its bowling coach, the country’s...

Published 14 Aug, 2024 08:17pm

Energy

Oil prices tick down after surprise rise in US crude stockpiles

HOUSTON: Oil prices edged lower on Wednesday after U.S. crude inventories rose unexpectedly and as worries that a...

Updated 14 Aug, 2024 08:13pm

US consumer prices rise moderately; annual increase slows to below 3%

WASHINGTON: U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for...

Published 14 Aug, 2024 07:19pm

Stocks

Gulf markets rise amid global stock rally

Stock markets in the Gulf tracked global shares to end higher on Wednesday, after the US producer price data pointed...

Updated 14 Aug, 2024 07:15pm

Stocks

Wall St ticks up as July inflation report keeps rate cuts on the table

Wall Street’s main indexes edged higher in choppy trading on Wednesday after data showed inflation was moderating as...

Published 14 Aug, 2024 07:11pm

Mbappe set for long-awaited Real Madrid debut in UEFA Super Cup

WARSAW: Kylian Mbappe is set to finally make his debut for Real Madrid when the European champions take on Europa...

Published 14 Aug, 2024 06:42pm

South Asia

Taliban celebrate 3 years since Afghanistan takeover with military show

BAGRAM: Afghanistan’s Taliban rulers celebrated three years in power on Wednesday with a military parade paying...

Published 14 Aug, 2024 06:03pm

MENA

In Beirut, US envoy says ‘no more time to waste’ on Gaza ceasefire

BEIRUT: Visiting US envoy Amos Hochstein warned Wednesday the clock was ticking for a Gaza ceasefire that could also...

Published 14 Aug, 2024 05:44pm

Four soldiers martyred in exchange of fire with terrorists in South Waziristan

ISPR says security forces also killed six Khawarij

Updated 14 Aug, 2024 05:37pm

Pakistan’s Independence Day: President Zardari, PM Shehbaz stress unity among nation

PM Shehbaz says a five-year economic programme will soon be launched

Updated 14 Aug, 2024 05:34pm

Middle East

Israel pounds Gaza ahead of ceasefire talks

Israeli air strikes targeted Gaza on Wednesday ahead of ceasefire talks that the United States hopes will stop Iran...

Published 14 Aug, 2024 05:33pm

Stocks

Stock markets climb with focus on inflation

LONDON: Stock markets mostly advanced Wednesday as attention switched to inflation data, notably in the United...

Published 14 Aug, 2024 05:27pm

Bangladesh allows ousted MP cricketer to play in Pakistan

DHAKA: Ousted Bangladeshi lawmaker and cricketer Shakib Al Hasan was given permission on Wednesday to remain with...

Published 14 Aug, 2024 05:25pm

Europe

Ukraine’s troops still advancing in Russia’s Kursk region, Zelenskiy says

Ukraine said its major cross-border assault had advanced one to two kilometres in Russia’s Kursk region since the...

Published 14 Aug, 2024 04:51pm

Commodities

Gold hovers near all-time high, US inflation data on radar

Gold prices hovered near record highs on Wednesday, steered by expectations of a Federal Reserve rate cut and...

Published 14 Aug, 2024 04:48pm

South Asia

Bangladesh turmoil may slow financial reform, weaken banks, S&P says

NEW DELHI/DHAKA: Political turmoil in Bangladesh is likely to slow planned financial reforms and has already added...

Published 14 Aug, 2024 04:45pm

New coal-fired power plant starts operations today

LAHORE: In a significant milestone for Pakistan’s energy sector, a new 660 MW coal-fired power plant in Jamshoro is...

Updated 14 Aug, 2024 04:23pm

PM likely to hold stocktaking meeting regarding UAE today

ISLAMABAD: Prime Minister, Shehbaz Sharif is likely to hold a stocktaking meeting regarding the United Arab Emirates...

Updated 14 Aug, 2024 04:23pm

Discos add Rs596bn to circular debt

Nepra says Discos' breach of target contributed around Rs.276 billion to circular debt for the FY 2023-24

Updated 14 Aug, 2024 04:23pm

Discos slated for outsourcing, sell-off post-reforms: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that after reforms in electricity distribution companies, the...

Updated 14 Aug, 2024 04:21pm

Karachi likely to receive light rain today: PMD

Forecasts wind-thunderstorm/rain in Karachi during August 17 till August 19

Updated 14 Aug, 2024 04:10pm

President Zardari announces national awards for 104 Pakistanis, foreigners

On Pakistan’s 78th Independence , Asif Ali Zardari announced on Wednesday the conferment of national awards for 104...

Published 14 Aug, 2024 03:45pm

Forex

Kenyan shilling flat as FX inflows for bond auction match demand

NAIROBI: Kenya’s shilling was flat against the U.S. dollar on Wednesday, as foreign-currency inflows for a bond...

Published 14 Aug, 2024 03:39pm

Commodities

Copper gains on hopes for US rate cuts, Escondida strike

LONDON: Copper prices climbed on Wednesday on optimism about the potential for U.S. interest rate cuts and after a...

Published 14 Aug, 2024 03:31pm

Stocks

Indian shares muted as profit-booking offsets IT gains

BENGALURU: Indian shares closed little changed on Wednesday, as broad-based profit booking offset gains in...

Published 14 Aug, 2024 03:28pm

Stocks

South Korean stocks close higher ahead of US inflation data

KOSPI rose 23.00 points, or 0.88%, to 2,644.50

Updated 14 Aug, 2024 02:00pm

Currency

Russian rouble continues to weaken on Kursk escalation risks

MOSCOW: The Russian rouble weakened against the dollar on Wednesday after touching a 10-month low and then...

Published 14 Aug, 2024 01:57pm

Stocks

China stocks down to 6-month low after lending data tumbles

SHANGHAI: China stocks slipped to their weakest levels in six months on Wednesday after data showed lending by the...

Updated 14 Aug, 2024 01:55pm

Commodities

Palm flat as firmer crude counters weaker rival oils, exports

SINGAPORE: Malaysian palm oil futures traded within a narrow range on Wednesday after touching their lowest in more...

Published 14 Aug, 2024 01:21pm

Stocks

Asian shares rise, kiwi slumps as New Zealand cuts rates

SYDNEY: Asian shares rose on Wednesday after soft U.S. producer prices data stirred hopes that consumer price...

Published 14 Aug, 2024 01:16pm

Forex

Sterling dips after tame inflation data

Sterling dipped on Wednesday after a softer-than-expected reading on British consumer price inflation supported...

Published 14 Aug, 2024 01:11pm

Commodities

India’s July palm imports surge to near one-year high on festive demand

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

Published 14 Aug, 2024 01:00pm

Financial

JGB yields fall as auction outcome supports sentiment

TOKYO: Japanese government bond yields fell on Wednesday, tracking U.S. Treasury peers’ declines, while a...

Published 14 Aug, 2024 12:56pm

Stocks

Japan’s Nikkei ends higher; PM Kishida to step down, US inflation on tap

TOKYO: Japan’s Nikkei share average rose on Wednesday as investors weighed news that Japan’s prime minister will...

Updated 14 Aug, 2024 12:53pm

Stocks

European shares gain ahead of key US, euro zone data

European shares opened higher on Wednesday, as investors awaited key data from the U.S. and the euro zone, while a...

Published 14 Aug, 2024 12:52pm

Stocks

Australia shares boosted by corporate earnings, soft US data

Australian shares ended higher on Wednesday, buoyed by better-than-expected corporate earnings from top firms such...

Updated 14 Aug, 2024 12:52pm

Stocks

London’s FTSE 100 rises as softer CPI boosts rate optimism

London stocks advanced on Wednesday as consumer price inflation in the UK rose less than expected in July,...

Published 14 Aug, 2024 12:47pm

USA

US approves sale to Israel of $20 billion weapons package

WASHINGTON: The United States on Tuesday approved the sale of $20 billion in fighter jets and other military...

Published 14 Aug, 2024 12:25pm

Commodities

Japan rubber futures down after 5-day rally on weaker physical prices, soft China data

SINGAPORE: Japanese rubber futures inched lower on Wednesday after a five-session rally, as investors weighed weaker...

Published 14 Aug, 2024 11:38am

South Asia

Japan PM Kishida to step down as scandals prove too much

TOKYO: Japanese Prime Minister Fumio Kishida said he will step down in September, ending a three-year term marred by...

Published 14 Aug, 2024 11:32am

Commodities

Iron ore slips as bleak China credit data worsens demand woes

BEIJING: Iron ore futures fell on Wednesday, as disappointing credit data from top consumer China worsened sour...

Published 14 Aug, 2024 11:27am

Commodities

Gold prices inch lower as US inflation data looms

Gold prices edged lower on Wednesday as investors remained on the sidelines ahead of a key U.S. inflation print...

Published 14 Aug, 2024 11:21am

Europe

Russia says it destroys 117 drones launched by Ukraine, 37 over Kursk

Russia’s air defences destroyed 117 drones and four tactical missiles launched overnight by Ukraine targeting...

Published 14 Aug, 2024 11:15am

Currency

Indian rupee rises, forward premiums jump on Fed rate cut bets

MUMBAI: The Indian rupee rose on Wednesday tracking strength in most Asian currencies after a lower-than-expected...

Published 14 Aug, 2024 11:00am

Stocks

Indian shares flat as profit booking offsets IT gains

BENGALURU: Indian shares were little changed on Wednesday as broad-based profit booking offset gains in information...

Published 14 Aug, 2024 10:50am

Currency

Dollar sags after benign US inflation data; kiwi skids on rate cut

TOKYO: The dollar remained on the back foot on Wednesday after tumbling versus major peers overnight as a benign...

Published 14 Aug, 2024 10:45am

Independence Day today

LAHORE: All is set for the 78th Independence Day celebrations being marked by the Pakistani nation on Wednesday...

Updated 14 Aug, 2024 10:26am

No Cabinet approval to urea import proposal

ISLAMABAD: The federal cabinet did not endorse the Economic Coordination Committee (ECC) for import of urea and...

Updated 14 Aug, 2024 10:25am

SAB approves sugar export to Tajikistan on G2G basis

ISLAMABAD: The Sugar Advisory Board (SAB), on Tuesday, following permission by the Cabinet’s Economic Coordination...

Updated 14 Aug, 2024 10:21am

PSWF operationalisation: Finance Div decides to hire consulting firm

ISLAMABAD: The Finance Division has decided to hire a consulting firm for advising on operationalisation of Pakistan...

Updated 14 Aug, 2024 10:20am

BR’s refresher: your morning briefing for the day

Important updates from August 13, 2024

Published 14 Aug, 2024 10:16am

Prices of petrol, diesel slashed

ISLAMABAD: Finance Division has notified reduction in petroleum prices up to Rs8.47 per litre with effect from...

Updated 14 Aug, 2024 10:14am

FTO concerned about not allowing tax credit to salaried class

ISLAMABAD: Federal Tax Ombudsman (FTO) has expressed serious concern that the current withholding procedure of tax...

Updated 14 Aug, 2024 10:12am

NA panel inquires about purpose of SWF

ISLAMABAD: The government has acknowledged that crowding out is a reality because of fiscal house not being in order...

Updated 14 Aug, 2024 10:11am

Iran rejects Western calls to stand down Israel threat

TEHRAN: Iran on Tuesday rejected Western calls to stand down its threat to retaliate against Israel for the killing...

Updated 14 Aug, 2024 08:31am

South Asia

Hasina urges supporters to make public show of strength

DHAKA: Ousted Bangladeshi premier Sheikh Hasina on Tuesday asked supporters to make a public show of strength later...

Updated 14 Aug, 2024 08:30am

Bangladesh – navigating a perilous path

EDITORIAL: The fallout of the historic events of the last few weeks in Bangladesh continues to reverberate as the...

Updated 14 Aug, 2024 08:24am

Punjab cabinet approves ‘CM Roshan Gharana Programme’

LAHORE: Punjab cabinet, which met here on Tuesday, with Chief Minister Maryam Nawaz Sharif in the chair, accorded...

Published 14 Aug, 2024 07:56am

CBD Punjab showcases ‘Nawaz Sharif IT City’ at Times Square

LAHORE: In a historic move coinciding with Pakistan’s Independence Day celebrations, the Central Business District...

Published 14 Aug, 2024 07:54am

Registered persons to get Kissan Card by September

LAHORE: The Punjab government has announced to start supplying “Kissan Card” to those who got themselves...

Published 14 Aug, 2024 07:53am

78th Independence Day: FPCCI holds flag-hoisting ceremony

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organized a flag-hoisting ceremony and...

Published 14 Aug, 2024 07:51am

UAF signs MoU with Country Plus Food

FAISALABAD: A Memorandum of Understanding was signed between University of Agriculture Faisalabad and Country Plus...

Updated 14 Aug, 2024 07:50am

Govt advised to fill Tarbela Dam to maximum capacity: PMD dismisses possibility of high flood

LAHORE: The Pakistan Meteorological Department (PMD) has dismissed the possibility of a high flood ahead and advised...

Published 14 Aug, 2024 07:48am

Sargodha, Bahawalpur, DGK: Punjab with World Bank’s help starts mega water supply, drainage project

LAHORE: The Punjab government has started a mega project of water supply and drainage in Sargodha, Bahawalpur and...

Updated 14 Aug, 2024 07:46am

IHC hints at initiating contempt proceedings in missing persons’ case

ISLAMABAD: The Islamabad High Court (IHC) hinted to initiate contempt proceedings against secretaries of Ministry of...

Published 14 Aug, 2024 07:42am

SC urged to set aside IHC’s judgment quashing FIR against Rashid

ISLAMABAD: The Supreme Court has been asked to set aside Islamabad High Court (IHC)’s judgment to quash an FIR...

Published 14 Aug, 2024 07:40am

NA body recommended to approve ‘The National University of Technology (Amendment) Act, (govt bill)’

ISLAMABAD: The National Assembly Standing Committee on Science and Technology recommended to approve “The National...

Updated 14 Aug, 2024 07:38am

Remote areas: NA body concerned over utilisation of various vaccines, more polio cases

ISLAMABAD: The National Assembly Standing Committee on National Health Services, Regulations and Coordination raised...

Updated 14 Aug, 2024 07:32am

Enforced disappearances: Govt urged to amend TORs of probe body

ISLAMABAD: The federal government has reportedly been suggested to amend Terms of Reference (TORs) of the Commission...

Updated 14 Aug, 2024 07:30am

Navy conference reviews maritime situation

ISLAMABAD: The Pakistan Navy Command and Staff Conference reviewed the maritime situation in the Northern Arabian ...

Updated 14 Aug, 2024 07:27am

Highs and lows of ‘the event’

A spectacle to behold. Records to break. The biggest. The brightest. A global village. The most eyeballs. A sports...

Updated 14 Aug, 2024 07:23am

Netanyahu, scripture & the fraternity of imperialist apostles

The hottest places in hell are reserved for those who, in times of great moral crisis, maintain their neutrality.”...

Updated 14 Aug, 2024 07:15am

The rising cost of doing business

The rising cost of doing business plays a role in stalling economic development much like a lethal weapon does after...

Updated 14 Aug, 2024 07:09am

Energy

Gas discovered at Chak 202-1 exploratory well in RYK

ISLAMABAD: OGDCL, the operator of Mari East Exploration License with 100 percent working interest, has discovered...