News Archives for Latest - 2024-08-29

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Archive - 2024-08-29

Money & Banking

1H’24: NBP records total income of Rs96.8bn, up 5.1pc YoY

KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on August 28 to approve the...

Updated 30 Aug, 2024 04:18pm

Karachi schools to remain closed on Friday amid heavy rain forecast

Karachi Commissioner Hassan Naqvi has ordered that all public and private schools in the city be closed on Friday...

Published 29 Aug, 2024 11:43pm

Root’s record-equalling century revives England against Sri Lanka

LONDON: Joe Root scored a record-equalling 33rd Test hundred as England established a strong position against Sri...

Updated 29 Aug, 2024 11:19pm

Europe

Ukraine says US-made F-16 fighter jet crashed, killing pilot

KYIV: Ukraine said Thursday that one of its F-16 fighter jets made by the United States crashed while repelling a...

Published 29 Aug, 2024 10:48pm

Israel agrees ‘humanitarian pauses’ in Gaza to allow polio vaccinations

UNITED NATIONS: Israel has agreed to a series of three-day “humanitarian pauses” in Gaza to allow UN health...

Published 29 Aug, 2024 10:43pm

Business & Economy

Pakistan needs to overcome ‘fear of debt restructuring’: Dr Murtaza Syed

Former governor of State Bank of Pakistan (SBP) Dr Murtaza Syed on Thursday urged countries including Pakistan to...

Updated 29 Aug, 2024 10:27pm

Energy

No intention to tax imported solar panels, says Leghari

Federal Minister for Power Sardar Owais Ahmed Khan Leghari said the incumbent government has no intention to impose...

Updated 29 Aug, 2024 10:26pm

Thousands evacuated as cyclone builds off India and Pakistan’s coast

Heavy rains battered India and Pakistan’s coastal areas along the Arabian Sea, flooding cities in western India’s...

Updated 29 Aug, 2024 10:25pm

Industry

Govt to introduce new incentives for foreign investors, Aurangzeb says

Finance minister expresses govt's commitment to creating an enabling environment for private sector investment

Published 29 Aug, 2024 10:20pm

Currency

Rupee weakens further against US dollar

Currency settles at 278.64 against the greenback in inter-bank market

Updated 29 Aug, 2024 09:50pm

PM Shehbaz arrives in Quetta to review security situation in Balochistan

Will chair high-level meeting on overall law and order

Updated 29 Aug, 2024 09:48pm

Middle East

Iran’s uranium enrichment rolls on, key issues stalled, IAEA reports show

VIENNA: Iran’s production of highly enriched uranium continues and it has not improved cooperation with the U.N....

Published 29 Aug, 2024 09:21pm

Energy

Oil gains as Libyan supply woes counter modest US stock draw

Oil prices edged higher on Thursday, after two losing sessions, as concerns over Libyan supplies helped offset a...

Updated 29 Aug, 2024 09:16pm

5.4 magnitude earthquake jolts parts of KPK, Islamabad

A 5.4 magnitude earthquake jolted parts of Khyber Pakhtunkhwa and Islamabad on Thursday. The National Seismic...

Updated 29 Aug, 2024 09:15pm

Companies

Fauji Foundation wants to acquire controlling stake in Agha Steel Industries

Fauji Foundation, one of the largest conglomerates in Pakistan, has expressed its intention to acquire shares and...

Updated 29 Aug, 2024 09:15pm

Forex

SBP-held foreign exchange reserves increase $112mn, now stand at $9.4bn

Total liquid foreign reserves held by the country stand at $14.77bn

Updated 29 Aug, 2024 09:14pm

Asia

Powerful Typhoon Shanshan slams into southern Japan

OITA: One of Japan’s strongest typhoons in decades dumped torrential rain across southern regions on Thursday, with...

Published 29 Aug, 2024 09:09pm

Romelu Lukaku signs for Napoli from Chelsea

MILAN: Napoli have signed Romelu Lukaku from Chelsea, the Serie A club announced on Thursday, ending the Belgium...

Published 29 Aug, 2024 08:01pm

Stocks

US stocks open higher while Nvidia slips

NEW YORK: All major indices on Wall Street opened higher Thursday, shaking off investor concern about a slowdown in...

Published 29 Aug, 2024 07:18pm

Stocks

Positivity returns to PSX, KSE-100 gains 357 points

After three consecutive negative sessions, positivity returned to the Pakistan Stock Exchange (PSX) as the benchmark...

Published 29 Aug, 2024 06:12pm

Companies

Ambani says India’s Reliance to more than double in size before end of decade

BENGALURU: India’s Reliance Industries is on track to more than double in size before the end of the decade, its...

Published 29 Aug, 2024 06:11pm

Movies & Music

What to watch this September: ‘Wolfs’, ‘Mastaani’, ‘Frasier’

The beginning of fall indicates a turn of the season and a precursor to fresh programming with platforms also...

Updated 29 Aug, 2024 05:46pm

FO confirms India’s Modi invited to SCO meeting in Islamabad

Foreign Office says invitations to the upcoming Shanghai Cooperation Organisation Council of Heads of Government meeting have been sent to all member country heads of government

Published 29 Aug, 2024 05:16pm

Europe

Ukraine FM seeks EU help in lifting arms curbs

BRUSSELS: Ukraine’s foreign minister urged EU states Thursday to pressure Britain and the United States to drop...

Published 29 Aug, 2024 05:21pm

President confers Hilal-e-Imtiaz upon Olympian Arshad Nadeem

President Asif Ali Zardari on Thursday conferred the Hilal-e-Imtiaz on Olympic gold medalist Arshad Nadeem. The...

Updated 29 Aug, 2024 05:17pm

Salah out to ‘enjoy’ final year of Liverpool contract

LIVERPOOL: Mohamed Salah said he is not focused on his future beyond this season, with less than a year to run on...

Published 29 Aug, 2024 05:17pm

Europe

Russia claims two more villages in eastern Ukraine

KYIV: Russia said Thursday that it took two more east Ukrainian villages – in the Donetsk and Lugansk regions – as...

Published 29 Aug, 2024 05:10pm

MENA

Death toll rises as Israeli West Bank raids enter second day

TULKAREM: The death toll climbed Thursday as Israel pressed a large-scale military operation in the occupied West...

Published 29 Aug, 2024 05:07pm

Bangladesh eye maiden series win against Shaheen Afridi-less Pakistan

RAWALPINDI: Bangladesh are hoping to secure a first Test-series victory over Pakistan, who have left out star pacer...

Published 29 Aug, 2024 04:58pm

Travel

Hauntingly high demand for Halloween spookiness at US theme parks

LOS ANGELES: Halloween has arrived earlier than ever at major U.S. theme parks, as major operators like Disney, Six...

Published 29 Aug, 2024 04:49pm

Shaheen Afridi dropped for second Bangladesh Test

Shaheen Shah Afridi has been left out of the Pakistan team for the second Bangladesh Test starting on August 30 in...

Published 29 Aug, 2024 04:38pm

Stocks

Reliance boosts Indian shares to record, Nifty logs longest gaining streak in 17 years

BENGALURU: India’s equity benchmarks hit record highs on Thursday, boosted by heavyweight conglomerate Reliance...

Updated 29 Aug, 2024 03:33pm

Currency

Sterling hits one-month high vs euro after German, Spanish inflation data

Sterling hit a one-month high versus the euro after inflation data from Germany and Spain led investors to increase...

Published 29 Aug, 2024 03:29pm

South Asia

Moody’s raises India’s growth forecasts, Fitch affirms rating

MUMBAI: Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while...

Published 29 Aug, 2024 03:22pm

South Asia

Sri Lanka president defends IMF bailout in campaign launch

COLOMBO: Sri Lanka had no option but to agree to an International Monetary Fund bailout that required tough...

Published 29 Aug, 2024 03:16pm

Middle East

Islamic Jihad says top commander killed in Israel West Bank raids

TULKAREM: Palestinian group Islamic Jihad announced the death of its commander in the Nur Shams refugee camp in...

Published 29 Aug, 2024 03:11pm

Commodities

Gold price per tola decreases Rs2,200 in Pakistan

After hitting record highs in the previous session, gold prices in Pakistan declined on Thursday, despite an...

Updated 29 Aug, 2024 03:05pm

Stocks

PSX appoints Nadeem Naqvi as interim CEO

The Board of Directors (BoD) of Pakistan Stock Exchange Limited (PSX) has appointed Nadeem Naqvi, a Shareholder...

Updated 29 Aug, 2024 03:04pm

Financial

JGB yields fall as strong auction lifts sentiment

TOKYO: Japanese government bond yields fell on Thursday as a strong outcome at a two-year bond auction lifted...

Published 29 Aug, 2024 02:24pm

Currency

Kenyan shilling flat as FX inflows meet manufacturing demand

NAIROBI: The Kenyan shilling was flat on Thursday, as month-end hard-currency demand from the manufacturing sector...

Published 29 Aug, 2024 02:17pm

Stocks

China stocks close down, dragged by bank shares; HK shares up

SHANGHAI: China stocks ended lower on Thursday, dragged by the financial sector following weak earnings at some...

Updated 29 Aug, 2024 02:16pm

Stocks

Major Gulf markets fall on regional tensions

Major stock markets in the Gulf fell in early trade on Thursday due to rising geopolitical tensions in the region,...

Published 29 Aug, 2024 02:13pm

Stocks

South Korean shares fall 1% as chipmakers drag on Nvidia forecasts

KOSPI closed down 27.55 points, or 1.02%, at 2,662.28

Updated 29 Aug, 2024 01:15pm

Stocks

Tech and media stocks boost European shares

European shares inched up on Thursday, with media and technology stocks boosting the index, bucking a global dip...

Published 29 Aug, 2024 12:48pm

Currency

Russian rouble weakens after losing support from exporters’ forex sales

MOSCOW: The Russian rouble weakened against the U.S. dollar and China’s yuan on Thursday after losing support from...

Published 29 Aug, 2024 12:45pm

Stocks

London stocks inch up as focus turns to monetary policy outlook

The UK’s main stock index edged higher on Thursday, defying the weak trend across some major global markets as...

Published 29 Aug, 2024 12:43pm

Europe

One killed, two injured in strikes on Russia’s Belgorod

MOSCOW: One person has been killed and two injured in strikes on Russia’s Belgorod region, which borders Ukraine,...

Published 29 Aug, 2024 12:38pm

Cricket

Shakib Al Hasan: Bangladesh cricket’s unruly and under-fire champion

DHAKA: Bangladesh cricketer Shakib Al Hasan is the leading all-rounder of his era, whose laundry list of...

Published 29 Aug, 2024 12:35pm

Middle East

Israel army says killed 5 Palestinian on day two of West Bank raids

TULKAREM: The Israeli military said its forces killed five Palestinian in the occupied West Bank on Thursday in a...

Published 29 Aug, 2024 12:30pm

Stocks

Australian shares end lower as investors weigh mixed earnings, await data

Australian shares ended lower on Thursday as investors assessed a slew of mixed corporate earnings and remained...

Updated 29 Aug, 2024 12:20pm

Europe

Ukraine says it attacked oil facilities, military depot in Russia

KYIV: Ukraine’s military said on Thursday it had attacked an artillery depot and two oil storage facilities in...

Published 29 Aug, 2024 12:18pm

Currency

South African rand firms ahead of producer inflation data

JOHANNESBURG: The South African rand strengthened early on Thursday, ahead of the release of domestic producer...

Published 29 Aug, 2024 12:16pm

Stocks

Japan’s Nikkei ends flat as tech shares pare Nvidia-led losses

TOKYO: Japan’s Nikkei share average ended largely flat on Thursday, recovering from early losses, with technology...

Updated 29 Aug, 2024 12:14pm

Companies

Dubai airport stops India’s SpiceJet’s passengers from checking in over airline dues

BENGALURU: The Dubai airport has refused to let passengers of India’s SpiceJet check in over the budget airline’s...

Published 29 Aug, 2024 12:12pm

South Asia

Monsoon floods in India’s Gujarat kill at least 28 people

AHMEDABAD: Intense monsoon rains and floods in India’s Gujarat state killed at least 28 people in the past three...

Published 29 Aug, 2024 11:21am

Movies & Music

Angelina Jolie as the tormented ‘Divina’ Callas at Venice

VENICE: Angelina Jolie returns to the limelight at the Venice Film Festival on Thursday as Maria Callas, “La...

Published 29 Aug, 2024 11:12am

Currency

Yuan firms against dollar; eyes on US inflation and China PMI

SHANGHAI: China’s yuan firmed against the dollar on Thursday, after weakening for the prior three sessions, as...

Published 29 Aug, 2024 11:02am

Moody’s says so

If Moody’s says so, then it’s got to be true. Delivering Pakistan a precious feather-in-the-cap upgrade at this...

Updated 29 Aug, 2024 11:00am

Commodities

Soybeans, corn edge higher after losses; US rains to limit gains

SINGAPORE: Chicago soybeans and corn futures ticked higher on Thursday, after both markets came under pressure in...

Published 29 Aug, 2024 10:59am

Cricket

West Indies quick Gabriel quits international cricket

West Indies fast bowler Shannon Gabriel has quit international cricket with immediate effect, the 36-year-old said...

Published 29 Aug, 2024 10:56am

Commodities

Palm oil extends fall on likely India import tax hike, demand concerns

SINGAPORE: Malaysian palm oil futures were headed for a third straight day of declines on Thursday, weighed down by...

Published 29 Aug, 2024 10:51am

FBR issues simple tax return form for traders

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a simple return form for traders for tax year 2024. In this...

Updated 29 Aug, 2024 10:49am

Commodities

Japan rubber futures sustain 13-year highs on soft supply, stronger demand

SINGAPORE: Japanese rubber futures advanced for the eighth consecutive day to 13-year highs on Thursday, driven by...

Published 29 Aug, 2024 10:48am

Commodities

Iron ore rises on renewed hopes of improving China demand

BEIJING: Iron ore futures prices rose on Thursday, buoyed by renewed hopes of improving demand in top consumer China...

Published 29 Aug, 2024 10:45am

Commodities

Base metals loss on strong dollar, demand worries

BEIJING: Prices of base metals fell on Thursday, as the U.S. dollar steadied and made it more expensive to buy the...

Published 29 Aug, 2024 10:42am

Commodities

Gold prices firm with US inflation data in focus

Gold prices edged up on Thursday, aided by a weaker dollar and hopes of a Federal Reserve interest rate cut, while...

Published 29 Aug, 2024 10:40am

The external financial commitments

EDITORIAL: Governor State Bank of Pakistan Jameel Ahmad, in an interview with a foreign news agency, stated that...

Updated 29 Aug, 2024 10:37am

Stocks

Asian shares track Wall Street futures lower as Nvidia disappoints

SYDNEY: Asian shares followed Wall Street futures lower on Thursday as Nvidia’s results disappointed some bullish...

Published 29 Aug, 2024 10:35am

Financial

Indian rupee helped by expected inflows, sapped by weak risk appetite

MUMBAI: The Indian rupee is likely to open slightly higher on Thursday, boosted by equity inflows and after yet...

Published 29 Aug, 2024 10:33am

Financial

Indian 10-year bond yield a tad above 6.85% as traders eye key data

MUMBAI: Indian government bond yields remained steady in early trades on Thursday, with the benchmark yield holding...

Published 29 Aug, 2024 10:30am

Analysts explain significance of ratings upgrade

KARACHI: Following Fitch’s upgrade last month, Moody’s has followed suit by elevating Pakistan’s credit rating from...

Updated 29 Aug, 2024 10:23am

Currency

Dollar holds gains ahead of US inflation test

SINGAPORE: The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with...

Published 29 Aug, 2024 10:11am

Fix issues or risk China co-operation, RSEZDOC warns govt

Says Rashakai Special Economic Zone Development & Operations Company experiencing severe power issues that are hindering both operational activities and marketing efforts

Updated 29 Aug, 2024 09:29am

Nepra concerned at drop in power consumption

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has raised concerns over the reduced electricity...

Updated 29 Aug, 2024 09:27am

Textile, leather industry spells out factors hurting exports

ISLAMABAD: The country’s textile and leather industry has termed high electricity tariff, unsustainable taxation and...

Updated 29 Aug, 2024 09:26am

Hike in taxes, electricity tariffs: Traders observe shutter-down strike

ISLAMABAD: Traders across the country Wednesday observed strike against the government’s economic policies,...

Updated 29 Aug, 2024 09:25am

CJP seeks nomination of additional judges

ISLAMABAD: Chief Justice of Pakistan Qazi Faez Isa has called on the chief justices of the High Courts of all the...

Updated 29 Aug, 2024 09:24am

Remittance incentives revision will top ECC agenda today

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is scheduled to meet on Thursday (Aug 29) and...

Updated 29 Aug, 2024 08:59am

PM expresses satisfaction over Moody’s move

ISLAMABAD: Prime Minister Shehbaz Sharif has expressed satisfaction over the upgradation of Pakistan’s credit rating...

Updated 29 Aug, 2024 08:58am

Conversion of IPPs to Thar coal: PD sets up advisory panel

ISLAMABAD: The Power Division has constituted a four-member committee to prepare recommendations for conversion of...

Updated 29 Aug, 2024 08:57am

‘Fleecing by Islamic banks’: Senate panel seeks detailed briefing from SBP

ISLAMABAD: The Senate Standing Committee on Finance, Wednesday, directed the State Bank of Pakistan (SBP) to provide...

Updated 29 Aug, 2024 08:56am

BR’s refresher: your morning briefing for the day

Important updates from August 28, 2024

Published 29 Aug, 2024 08:39am

Kabul urged to address concerns about cross-border terrorism

ISLAMABAD: Pakistan Special Representative for Afghanistan Ambassador Asif Durrani (retired) has once again called ...

Published 29 Aug, 2024 08:26am

Türkiye Ambassador pays farewell call on Aurangzeb

ISLAMABAD: Dr Mehmet Paçaci, the ambassador of the Republic of Türkiye, paid a farewell courtesy call on Federal...

Published 29 Aug, 2024 08:24am

Political parties reaffirm support to CPEC

ISLAMABAD: Political parties, both from the government and the opposition side, on Wednesday, reaffirmed their...

Published 29 Aug, 2024 08:22am

Nawaz to leave for London next month

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif is scheduled to visit London in the second...

Published 29 Aug, 2024 08:21am

Coverage of Pak-BD matches: IHC issues notices to PCB over inaction in issuing accreditation to journalists

ISLAMABAD: The Islamabad High Court (IHC), Wednesday, issued notices to the Pakistan Cricket Board (PCB) in a...

Published 29 Aug, 2024 08:20am

No less than 6-lane motorway to be constructed in future: communication minister

ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan has said that in future, no motorway will be...

Published 29 Aug, 2024 08:18am

Women parliamentary caucus puts its weight behind KE official

ISLAMABAD: The women parliamentary caucus – a cross-party forum for women parliamentarians – put its weight...

Published 29 Aug, 2024 08:15am

PKI demands govt impose ‘agri emergency’

LAHORE: Climate change, low prices of crops and increase in cost of production are badly impacting agricultural...

Published 29 Aug, 2024 08:13am

Personal appearance: AC grants one-day exemption to Elahi

LAHORE: An accountability court on Wednesday granted one day exemption to PTI President and former chief minister...

Published 29 Aug, 2024 08:12am

Alvi starts meeting PTI disgruntled leaders

ISLAMABAD: In an effort to resolve the rifts within Pakistan Tehreek-e-Insaf (PTI), former president Dr Arif Alvi on...

Published 29 Aug, 2024 08:10am

Flood situations: DC Jamshoro visits Sehwan

HYDERABAD: Deputy Commissioner Jamshoro, Riaz Hussain Wassan, conducted an inspection visit to Sehwan today, ...

Published 29 Aug, 2024 08:09am

Elahi approaches LHC

LAHORE: Former chief minister Punjab Chaudhry Pervez Elahi has approached the Lahore High Court (LHC) against the...

Updated 29 Aug, 2024 08:08am

Employees stage sit-in against proposed closure of USC

ISLAMABAD: The employees of Utility Stores Corporation (USC), on Wednesday, staged a sit-in against the...

Published 29 Aug, 2024 08:06am

Oil prices: Geopolitics pips fundamentals

The seemingly never-ending seesaw between market fundamentals and geopolitical risks entered another fresh episode...

Published 29 Aug, 2024 08:05am

‘Maryam Nawaz becomes role model for other provinces’

LAHORE: Information Minister Punjab, Azma Bokhari, stated that Maryam Nawaz has become a role model for the other...

Published 29 Aug, 2024 08:04am

Shell Pakistan in 1HCY24

Profits of Shell Pakistan Limited (PSX: SHEL) stood at over Rs1.3 billion during the 1HCY24. This translates into a...

Published 29 Aug, 2024 08:03am

LDA seals properties for non-payment of fees

LAHORE: In an operation against commercial fee defaulters and illegal constructions in different areas of the...

Updated 29 Aug, 2024 08:02am

LHC exempts journalist from personal appearance

LAHORE: The Lahore High Court on Wednesday exempted journalist and YouTuber Rizwanur Rehman Razi from personal...

Published 29 Aug, 2024 08:01am

Minister for selection of contractors at Tehsil level

LAHORE: Local Government Minister Zeeshan Rafiq said on Wednesday that the selection of contractors should be...

Published 29 Aug, 2024 07:59am

Ghani Value Glass Limited

Ghani Value Glass Limited (PSX: GVGL) was incorporated in Pakistan as a public limited company in 1967. The company...

Published 29 Aug, 2024 07:58am

PFA discards 10,000kg vegetable fat

LAHORE: The Punjab Food Authority (PFA) has raided a famous cheese processing unit on Sheikhupura Road, discarded...

Updated 29 Aug, 2024 07:57am

Dengue awareness seminar

ISLAMABAD: Attock Refinery Limited in collaboration with Attock Sahara Foundation organised a dengue awareness...

Updated 29 Aug, 2024 07:54am

President for steps to eliminate terrorists in Balochistan

ISLAMABAD: President Asif Ali Zardari on Tuesday stressed upon taking of all possible steps to improve security...

Published 29 Aug, 2024 07:51am

Minar-e-Pakistan: PTI to hold public gathering on Sept 15

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) announced to hold a public gathering at Minar-e-Pakistan, Lahore, on...

Published 29 Aug, 2024 07:50am

Rubina meets GIZ delegation

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Rubina Khalid met a delegation of the German Agency...

Updated 29 Aug, 2024 07:49am

Moody’s lifts rating on reduced default risk

ISLAMABAD: Moody’s Ratings (Moody’s) on Wednesday upgraded the government of Pakistan’s local and foreign...

Published 29 Aug, 2024 07:46am

July profit repatriation significantly rises to $139.13m YoY

KARACHI: The repatriation of profit and dividend by foreign investors has significantly increased to $139.13 million...

Published 29 Aug, 2024 07:44am

Companies

$1.8bn 1MDB fraud: PetroSaudi execs get Swiss jail terms

BELLINZONA, (Switzerland): A top Swiss court sentenced two PetroSaudi executives to jail terms on Wednesday after...

Published 29 Aug, 2024 07:40am

Red Sea insurance nearly doubles

LONDON/ADEN: The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis...

Published 29 Aug, 2024 07:37am

Rates

Bearish trend persists

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

Published 29 Aug, 2024 07:33am

Tech glitches, economy twitches

In today’s digital landscape, the internet has become a fundamental necessity for individuals and businesses ...

Updated 29 Aug, 2024 07:28am

Global Palestine versus global Israel—II

In the next elections, to defeat Fulbright, the American Zionist Council filled the coffers of his opponent. Soon...

Updated 29 Aug, 2024 07:17am

South Asia

India floods kill 15 after heavy rains

NEW DELHI: Torrential rains in India caused heavy flooding that killed at least 15 people, local media reported...