News Archives for Latest - 2024-08-20

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Archive - 2024-08-20

Karsaz Road accident: police books woman in murder case

Karachi police has registered a murder case against the woman accused of being responsible for a deadly accident on...

Updated 21 Aug, 2024 12:27am

US official says Netanyahu remarks ‘not constructive’ to Gaza truce

DOHA: A US official on Tuesday criticised “maximalist” remarks attributed to Israeli Prime Minister Benjamin...

Published 20 Aug, 2024 11:25pm

Europe

Ukraine says boy dies after Russian strike near playground

A 14-year-child boy has died from his injuries in hospital after a Russian munition struck a kiosk a few metres from...

Published 20 Aug, 2024 11:10pm

Middle East

Hamas says Biden remarks ‘green light’ for Israel to continue aggression in Gaza

More than 40,000 people have been killed in Israel's assault in besieged Palestinian enclave since October 7, 2023

Updated 20 Aug, 2024 10:59pm

Stocks

KSE-100 closes marginally lower after volatile trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally lower in a volatile session on...

Updated 20 Aug, 2024 10:53pm

PM Shehbaz says govt working on comprehensive plan for reforms in various sectors

Premier says power sector, agriculture, digitalisation of FBR, commerce and trade are the key focuses of the reform plan

Updated 20 Aug, 2024 10:53pm

Pakistan successfully conducts test of ballistic missile Shaheen-II

Training launch aimed at training of troops, validating various technical parameters

Updated 20 Aug, 2024 10:52pm

Companies

PostEx announces $7.3mn pre-series A funding for expansion in Pakistan, GCC

PostEx, a prominent player in Pakistan’s financial technology sector, announced on Tuesday the completion of a $7.3...

Updated 20 Aug, 2024 10:51pm

Companies

Air Link partners with Acer Gadget to assemble laptops, tablets in Pakistan

Air Link Communication Limited, a manufacturer and distributor of smartphones in Pakistan, has entered into a...

Updated 20 Aug, 2024 10:51pm

PEEF established to support higher education for underprivileged children:PM Shehbaz

Says 20% quota has been allocated for the youth of Balochistan under Pakistan Education Endowment Fund

Updated 20 Aug, 2024 10:51pm

Companies

Weir Group secures £53mn order for Reko Diq copper-gold project in Pakistan

Scottish multinational engineering company will supply fine grinding, separation, and tailings solutions for the project's first phase

Updated 20 Aug, 2024 10:50pm

Europe

France to donate 100,000 mpox vaccines as it readies centres at home

PARIS: France will donate 100,000 mpox vaccine doses to countries suffering from the emergency, as it readies...

Published 20 Aug, 2024 10:36pm

Energy

Oil prices dip as Middle East tensions ease, China data weak

Oil prices dipped on Tuesday, hovering near a two-week low as Middle East supply concerns eased after Israel...

Updated 20 Aug, 2024 09:30pm

Security forces kill 3 terrorists involved in DC Panjgur’s assassination: ISPR

Security forces conducted an intelligence-based operation (IBO) in the Mastung district of Balochistan and killed...

Updated 20 Aug, 2024 08:57pm

Commodities

Gold prices in Pakistan hit record high of Rs260,700 per tola

After declining in the previous session, gold prices in Pakistan surged on Monday, reaching record highs in line...

Updated 20 Aug, 2024 08:54pm

Exchange

Rupee sees marginal improvement against US dollar

Currency settles at 278.34 against the US dollar in inter-bank market

Updated 20 Aug, 2024 08:53pm

Sri Lanka skipper De Silva hoping to make most of Stokes injury

MANCHESTER: Sri Lanka captain Dhananjaya de Silva believes Ben Stokes’ injury could help his side upset the odds in...

Published 20 Aug, 2024 08:15pm

Middle East

Iran shuts German cultural centres

TEHRAN: Iran shut two offices linked to Germany’s government on Tuesday, the judiciary said, nearly a month after...

Published 20 Aug, 2024 07:06pm

Luxury

Crown Prince to build Louvre of Saudi Arabia featuring $450mn Leonardo da Vinci: report

Saudi Arabia is planning to build a version of the Louvre museum in Riyadh, according to a new BBC documentary on...

Published 20 Aug, 2024 06:54pm

Stocks

US stocks tick lower ahead of Fed speech

NEW YORK: US stocks opened slightly lower Tuesday as traders consolidated recent gains and looked ahead to a key...

Published 20 Aug, 2024 06:52pm

Stocks

Most Gulf markets in black on US rate-cut hopes

Most stock markets in the Gulf ended higher on Tuesday, in line with global shares, driven by expectations the U.S....

Published 20 Aug, 2024 06:39pm

ETs dispose of 7pc poll-related pleas: FAFEN

ISLAMABAD: Only seven percent or 25 petitions of the total 377 petitions filed with 17 of 23 election tribunals...

Updated 20 Aug, 2024 06:30pm

Money & Banking

Turkish central bank holds rates at 50% for fifth month

ISTANBUL: Turkiye’s central bank held interest rates steady at 50% for a fifth straight month on Tuesday as...

Published 20 Aug, 2024 05:56pm

Pope ready to lead England his way but glad of Stokes support

MANCHESTER: Ollie Pope is prepared to “do his own thing” as England Test captain but accepts he is in caretaker...

Published 20 Aug, 2024 05:53pm

Movies & Music

Kareena Kapoor Khan to feature in new crime thriller ‘The Buckingham Murders’

Bollywood star Kareena Kapoor Khan is set to feature in a crime-thriller, ‘The Buckingham Murders’, set to be...

Published 20 Aug, 2024 05:42pm

Stocks

Financials, IT lead rise in Indian shares

BENGALURU: Indian shares closed higher on Tuesday, led by financials and information technology stocks, as rising...

Published 20 Aug, 2024 05:42pm

Stocks

Sri Lankan shares end little changed

BENGALURU: Sri Lankan shares ended little changed on Tuesday, as a drop in healthcare stocks overshadowed gains in...

Published 20 Aug, 2024 05:39pm

Commodities

Aluminium hits 5-week high on fund buying, alumina shortage

LONDON: Aluminium prices hit their five-week high on Tuesday on increased fund buying and a shortage of raw material...

Published 20 Aug, 2024 05:36pm

Commodities

Palm edges lower on weak export data, Chicago soyoil

JAKARTA: Malaysian palm oil futures slipped on Tuesday, weighed down by weak export data and weakness in Chicago...

Published 20 Aug, 2024 05:30pm

Europe

World’s oldest person dies in Spain at 117: family

MADRID: The world’s oldest living person, Spain’s Maria Branyas Morera, who was born in the United States and lived...

Published 20 Aug, 2024 05:24pm

Stocks

Markets waver ahead of earnings, Powell speech

PARIS: European and Asian stock markets fluctuated on Tuesday as investors trod carefully ahead of a key speech by...

Updated 20 Aug, 2024 05:19pm

Movies & Music

India’s homemade superhero star strikes Bollywood fame

MALEGAON, India: Half a day’s drive from India’s entertainment capital Mumbai, many in the struggling textile city...

Published 20 Aug, 2024 04:49pm

Bangladesh captain hopes Shakib shines despite political setback

RAWALPINDI: Bangladesh’s cricket captain on Tuesday was confident that ace allrounder Shakib Al Hasan will compete...

Published 20 Aug, 2024 04:36pm

Europe

Russia says captured key hub of New York in east Ukraine

MOSCOW: Russian forces said Tuesday they had captured the key hub of New York in eastern Ukraine, as Moscow – under...

Published 20 Aug, 2024 04:30pm

Sindh orders inquiry into monsoon child brides

KARACHI: A Pakistan provincial government has ordered an inquiry into child marriages in areas affected by floods in...

Published 20 Aug, 2024 03:50pm

Stocks

Major Gulf markets subdued on oil demand concerns

Major stock markets in the Gulf were subdued on Tuesday amid concerns of weak oil demand, even as rising...

Published 20 Aug, 2024 03:20pm

Europe

Mpox is not the new COVID, says WHO official

BERLIN: A World Health Organization official stressed on Tuesday that mpox, regardless of whether it is the new or...

Published 20 Aug, 2024 03:17pm

Forex

Ugandan shilling broadly stable in thin trading

KAMPALA: The Ugandan shilling was broadly stable on Tuesday, with activity thin on both demand and supply sides of...

Published 20 Aug, 2024 03:13pm

Forex

Kenyan shilling little changed in quiet session

NAIROBI: Kenya’s shilling was little changed against the US dollar on Tuesday in a quiet session, traders said. At...

Published 20 Aug, 2024 03:10pm

MENA

Gaza civil defence says Israel strike on school kills seven

GAZA STRIP: Gaza’s civil defence agency said an Israeli strike hit a school in Gaza City on Tuesday, killing at...

Published 20 Aug, 2024 02:59pm

South Asia

India’s top court sets up doctors’ panel on workplace safety after rape, murder

NEW DELHI: India’s Supreme Court ordered on Tuesday the setting up of a national task force of doctors to make...

Updated 20 Aug, 2024 01:31pm

Australia batsman Smith says he has no plans to retire

MELBOURNE: Veteran Australia batsman Steve Smith says he has no plans to wind down his cricket career having signed...

Published 20 Aug, 2024 01:29pm

Forex

South African rand softer ahead of leading indicator

JOHANNESBURG: The South African rand gave back some gains in early trade on Tuesday, ahead of the country’s leading...

Published 20 Aug, 2024 01:24pm

Stocks

Copper miners, energy stocks pull FTSE 100 lower

UK’s FTSE 100 benchmark stock index edged lower on Tuesday, pulled down by energy and copper miners’ shares, while...

Published 20 Aug, 2024 01:19pm

Mutual Funds

Euro zone yields edge lower, investors await central bankers’ meeting

LONDON: Euro zone bond yields inched lower on Tuesday, maintaining the calm that has washed over bond markets...

Published 20 Aug, 2024 01:16pm

Commodities

Japan offers to buy 81,442 tons of food wheat via tender

TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 81,442 metric...

Published 20 Aug, 2024 01:15pm

Europe

After yacht sinks off Italy, search resumes for six missing, including Mike Lynch

PALERMO: Rescue teams in Sicily resumed a search for six missing people, including British tech entrepreneur Mike...

Published 20 Aug, 2024 01:13pm

Cricket Players’ Union to review the sport’s ‘broken’ structure

LONDON: The World Cricketers’ Association has launched a ground-breaking review into the sport’s “broken and...

Published 20 Aug, 2024 01:04pm

Juve give Motta perfect start against Como as Atalanta thrash Lecce

MILAN: Juventus made light work of Como on Monday with a 3-0 win on Thiago Motta’s Serie A debut with the Turin...

Published 20 Aug, 2024 12:57pm

Ben Stokes absence adds extra edge to England-Sri Lanka series

LONDON: England head into the first Test against Sri Lanka at Old Trafford starting Wednesday with several players...

Published 20 Aug, 2024 12:50pm

USA

Venezuela opposition candidate asks Maduro to ‘step aside’

CARACAS: Venezuelan opposition presidential candidate Edmundo Gonzalez Urrutia, who has claimed he defeated Nicolas...

Published 20 Aug, 2024 12:44pm

MENA

Antony Blinken heads to Egypt on Gaza truce push

TEL AVIV: US Secretary of State Antony Blinken headed to Egypt Tuesday for talks on a Gaza ceasefire as he pushes...

Published 20 Aug, 2024 12:40pm

Middle East

Hezbollah says fired ‘intense rocket barrages’ at Israeli positions

BEIRUT: Lebanon’s Iran-backed Hezbollah group said it launched several rocket salvos at Israeli army positions in...

Published 20 Aug, 2024 12:33pm

Aryna Sabalenka emotional after Cincinnati title

No. 3 seed Aryna Sabalenka of Belarus defeated No. 6 seed Jessica Pegula 6-3, 7-5 in an hour and 15 minutes to win...

Published 20 Aug, 2024 12:16pm

Jannik Sinner captures Cincinnati Open title

Jannik Sinner raised his ATP Tour-leading total of 2024 tournament championships to five by beating Frances Tiafoe...

Published 20 Aug, 2024 12:10pm

Forex

Most Asian currencies, stocks gain ahead of Jackson Hole meet

The Indonesian rupiah led gains among emerging Asian currencies on Tuesday and its stocks hit a record high, while...

Published 20 Aug, 2024 12:06pm

Commodities

China’s July coal import surge boosts its major suppliers, except Russia

BEIJING: China increased its coal imports from Indonesia, Mongolia and Australia, customs data showed on Tuesday, as...

Published 20 Aug, 2024 12:03pm

Forex

China’s yuan strengthens as dollar pulls back on Fed cut focus

HONG KONG: China’s yuan rose against the dollar on Tuesday, as the greenback fell to a seven-month low on growing...

Published 20 Aug, 2024 11:59am

USA

Joe Biden hails Harris as DNC’s future in emotional farewell speech

CHICAGO: President Joe Biden cemented the Democratic Party’s elevation of Kamala Harris to lead the fight for the...

Published 20 Aug, 2024 11:56am

Commodities

Soybeans and corn dip on expectations of large US harvests

CANBERRA: Chicago soybean and corn futures edged lower on Tuesday, hovering near four-year lows as traders waited to...

Published 20 Aug, 2024 11:50am

Forex

Australia, NZ dollars hover near 1-month highs as Fed cut hopes grow

SYDNEY: The Australian and New Zealand dollars hovered near their one-month highs on Tuesday, supported by...

Published 20 Aug, 2024 11:48am

Energy

China’s July oil imports from top supplier Russia fall 7.4% from a year ago

SINGAPORE: China’s crude oil imports from top supplier Russia fell in July by 7.4% from a year earlier, official...

Published 20 Aug, 2024 11:46am

Stocks

Asia shares hit one-month high on bets for dovish Fed

SINGAPORE: Asian stocks scaled a one-month peak on Tuesday, tracking a Wall Street rally driven by expectations that...

Published 20 Aug, 2024 11:34am

Stocks

China stocks fall as weak appetite, absence of stimulus measures weigh

HONG KONG: China and Hong Kong stocks dipped on Tuesday as recent economic indicators barely offered any comfort,...

Published 20 Aug, 2024 11:32am

Commodities

Palm inches lower; traders await new leads from export data

JAKARTA: Malaysian palm oil futures slipped on Tuesday, as market participants waited for new leads from the August...

Published 20 Aug, 2024 11:30am

Mutual Funds

JGB yields drift as traders seek clues on BOJ, Fed policy direction

TOKYO: Japanese government bond yields moved without a clear direction on Tuesday, amid conflicting messages from...

Published 20 Aug, 2024 11:24am

Commodities

London copper retreats on short-covering, China demand worries

Copper prices in London fell on Tuesday on short-covering after prices rallied in the previous sessions, while...

Published 20 Aug, 2024 11:19am

Europe

Russia launches fifth missile attack on Kyiv in August, Ukraine’s military says

KYIV: Russia launched its fifth missile attack on Kyiv this month, Ukraine’s military said on Tuesday, with...

Published 20 Aug, 2024 11:15am

Mutual Funds

India bonds flat; focus shifts to cenbanks’ latest meetings minutes

MUMBAI: Indian government bond yields were largely unchanged in early trade on Tuesday as traders eyed fresh cues,...

Published 20 Aug, 2024 11:11am

Stocks

Japan’s Nikkei tracks Wall Street rally amid softer yen

TOKYO: Japan’s Nikkei share average tracked Wall Street higher on Tuesday, shaking off the weight of the yen’s...

Published 20 Aug, 2024 11:08am

Stocks

Australian shares at 2-week high on miners’ boost; RBA minutes in focus

Australian shares rose to a two-week high on Tuesday, supported by heavyweight miners, while investors eagerly await...

Published 20 Aug, 2024 11:06am

Stocks

Indian shares open higher; metals lead gains

BENGALURU: Indian shares tracked Asian peers higher on Tuesday, helped by improving metals demand from China and on...

Published 20 Aug, 2024 11:04am

Europe

Ukraine air defences down 3 missiles, 25 drones fired by Russia, Ukrainian air force says

KYIV: Ukraine’s air defences shot down three missiles and 25 drones fired by Russia in an overnight attack on...

Published 20 Aug, 2024 10:56am

Bullion Rate

Gold steady near record high as investors seek more Fed cues

Gold held steady near its record high on Tuesday as investors awaited US Federal Reserve minutes and Chair Jerome...

Published 20 Aug, 2024 10:50am

Forex

Dollar wavers near 7-month low on rate cut bets, Powell speech in focus

SINGAPORE: The dollar wobbled near a seven-month low on Tuesday on wagers the US central bank will start cutting...

Published 20 Aug, 2024 10:48am

Forex

Indian rupee worst Asia performer over August despite mild rise

MUMBAI: The Indian rupee rose slightly on Tuesday but continued to underperform its Asian peers which have rallied...

Published 20 Aug, 2024 10:43am

Movies & Music

From concerts to fashion: as temperature tempers, 8 events to attend in Dubai

As the sweltering weather in the southern hemisphere begins to temper, Dubai’s event calendar is set to become...

Published 20 Aug, 2024 10:00am

IMF Executive Board meeting agenda issued; Pakistan not included

Despite the exclusion, sources indicate that the Executive Board has the discretion to add agenda items outside of the official schedule, leaving room for optimism

Updated 20 Aug, 2024 09:54am

Islamabad IT Park to help achieve $25bn IT export goal: PM

ISLAMABAD: Prime Minister Shehbaz Sharif has stated that Islamabad information technology (IT) park will prove to be...

Updated 20 Aug, 2024 09:33am

Centre follows in Punjab’s footsteps: subsidy announced

ISLAMABAD: The federal government has announced a substantial subsidy of Rs50 billion for electricity consumers...

Updated 20 Aug, 2024 09:32am

Units 1 & 2 of Bin Qasim: KE moves Nepra for extension, renewal of service life

ISLAMABAD: K-Electric has approached the National Electric Power Regulatory Authority (NEPRA) for extension/renewal...

Updated 20 Aug, 2024 09:31am

Investment in IT and agri sectors: Govt wants to reengage with Mashreq Bank: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday expressed government’s interest to reengage with Mashreq...

Updated 20 Aug, 2024 09:30am

PM reappoints Dr Mukhtar as HEC chairman after held responsible for ‘malaise’ by planning minister

ISLAMABAD: Less than a week after Planning Minister Ahsan Iqbal held Chairman Higher Education Commission (HEC) Dr...

Updated 20 Aug, 2024 08:52am

MoC says taking efforts to bring down ACD to zero

ISLAMABAD: Commerce Ministry said on Monday it is fighting at the highest level to bring down Additional Customs...

Updated 20 Aug, 2024 08:51am

Tax collection under Finance Act 2024: KTBA urges FBR to clarify new amendments

KARACHI: The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to clarify the...

Updated 20 Aug, 2024 08:49am

150MW solar projects: KE receives lowest tariff bid

KARACHI: Following the successful milestone of technical bid opening for K-Electric’s 150 MW solar energy projects...

Updated 20 Aug, 2024 08:48am

Will Faiz turn approver in May 9 violence case?

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Monday, said that ‘the whole drama’...

Updated 20 Aug, 2024 08:46am

PM directs routing 50pc of public cargo thru Gwadar port

ISLAMABAD: Prime Minister Shehbaz Sharif has directed to bring 50 percent of country’s public sector sea route cargo...

Updated 20 Aug, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from August 19, 2024

Published 20 Aug, 2024 08:43am

Electricity bills: Punjab advises Sindh to provide relief to people

LAHORE: Information Minister Punjab Azma Bokhari said that the Sindh government has been worried for three days ...

Published 20 Aug, 2024 08:08am

Ministries to provinces: Senate body recommends devolution

ISLAMABAD: Senate Functional Committee on Devolution, unanimously, recommended the devolution of the Federal ...

Published 20 Aug, 2024 08:06am

Modernizing maritime operations: Minister highlights several key initiatives

KARACHI: COLMAB 24 (Conference on Logistics, Maritime Affairs and Blue Economy) held on Monday has concluded with a...

Published 20 Aug, 2024 08:04am

CM Punjab’s Kissan Card: PAD approves applications of 220,000 farmers

LAHORE: The Punjab Agriculture Department (PAD) has approved the applications of 220,000 farmers to obtain Chief...

Updated 20 Aug, 2024 08:03am

Delegation of GCU visits FCCI

FAISALABAD: Nutritious and balanced diet is imperative for a healthy generation and concerned experts must play ...

Published 20 Aug, 2024 08:02am

Monkeypox threat: Technical Working Group formed in Punjab

LAHORE: The Punjab government has constituted a 20-member Technical Working Group (TWG), to monitor the Monkeypox...

Updated 20 Aug, 2024 08:01am

Industry

Qandhari made honorary adviser to FTO

KARACHI: Federal Tax Ombudsman Dr Asif Mahmood Jah has appointed Johar Qandhari, President of the Korangi ...

Updated 20 Aug, 2024 07:59am

Asia

China and Vietnam sign 14 deals from rail to crocodiles after leaders meet

BEIJING: China and Vietnam signed 14 documents spanning cross-border railways to crocodile exports on Monday, after...

Updated 20 Aug, 2024 07:58am

Asia

Chinese, Philippine ships collide near hotspot South China Sea reef

BEIJING: Philippine ships sustained serious damage Monday in pre-dawn collisions with Chinese vessels near a ...

Updated 20 Aug, 2024 07:56am

Blinken warns Israel, Hamas of last chance to end Gaza war

JERUSALEM/CAIRO: US Secretary of State Antony Blinken warned on Monday that the latest push for a Gaza ceasefire and...

Updated 20 Aug, 2024 07:53am

Europe

Zelensky hails Kursk success as Russia rules out talks

KYIV: Ukrainian President Volodymyr Zelensky on Monday hailed his forces’ success in their surprise offensive into...

Updated 20 Aug, 2024 07:51am

Taxes

FTO orders’ implementation: IHC issues show cause notice to CIR for filing false statements

ISLAMABAD: Islamabad High Court (IHC) has issued a show cause notice to the Commissioner-Inland Revenue (IR)...