News Archives for Latest - 2024-08-30

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Archive - 2024-08-30

Strong winds cause damage in Karachi as storm system intensifies into Cyclone Asna

Officials warn against 'unnecessary movement' as widespread rain/wind-thunderstorms expected across Sindh

Updated 31 Aug, 2024 12:56am

Pakistan govt begins VPN registration amid internet services disruption

Expert says on days when services are blocked (election day, Muharram, etc) those with registered VPNs will not be impacted

Updated 30 Aug, 2024 11:30pm

US-based aid group says Israeli strike Thursday on Gaza convoy killed 4

GAZA STRIP: A US-based aid group said on Friday an Israeli air strike killed four people accompanying its convoy in...

Published 30 Aug, 2024 11:28pm

Europe

Zelensky dismisses Ukraine air force commander after F-16 crash

KYIV: Ukrainian President Volodymyr Zelensky on Friday dismissed the country’s air force chief, a day after Kyiv...

Published 30 Aug, 2024 10:53pm

Exchange

Rupee registers minor gain against US dollar

Currency settles at 278.54 against the greenback

Updated 30 Aug, 2024 10:18pm

Business & Economy

Finance ministry expects inflation to fall further to 9.5-10.5% in August

Headline inflation figure hit 11.1% in July and brokerage houses now see the number falling to single digits

Updated 30 Aug, 2024 10:09pm

Security forces kill 12 terrorists in Tirah Valley IBOs, says ISPR

The security forces killed 12 terrorists in multiple intelligence-based operations (IBOs) in Tirah Valley of Khyber...

Published 30 Aug, 2024 10:02pm

Energy

OGDCL discovers hydrocarbon reserves in Sindh

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,...

Updated 30 Aug, 2024 09:37pm

Balochistan attacks conspiracy to sabotage SCO conference in Pakistan: Mohsin Naqvi

Federal Interior Minister Mohsin Naqvi on Friday said recent attacks in Balochistan were fully planned by multiple...

Updated 30 Aug, 2024 09:37pm

Stocks

KSE-100 closes 139 points higher as profit-taking trims intra-day gains

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed 139 points higher on Friday as late-session...

Updated 30 Aug, 2024 09:22pm

Security forces kill 5 terrorists in multiple IBOs across Balochistan: ISPR

Military's media wing says operations carried out in backdrop of cowardly terrorist activities that targeted innocent civilians in Balochistan on August 26

Updated 30 Aug, 2024 08:21pm

Stocks

Wall St up as rate-cut hopes hold firm after inflation data

Wall Street’s main indexes rose on Friday and were set for monthly gains after a key inflation report reiterated...

Published 30 Aug, 2024 08:15pm

Stocks

Sri Lankan shares log weekly losses

CSE All-Share index settled 0.36% lower at 10,869.07 points

Published 30 Aug, 2024 08:11pm

Companies

Zindigi introduces Pakistan’s most inclusive contactless payment solution ‘Zindigi Pay’

Zindigi, powered by JS Bank, brings Pakistan’s most accessible contactless payment solution —Zindigi Pay. Unlike...

Updated 30 Aug, 2024 08:00pm

Stocks

UAE stocks mixed in quiet trade; Abu Dhabi ends losing streak

Stock markets in the United Arab Emirates were mixed in quiet trade on Friday, as investor sentiments were subdued...

Published 30 Aug, 2024 06:58pm

Energy

Global LNG: Asia spot prices rise on supply concerns, geopolitical tensions

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week as outages in LNG facilities in Australia and...

Published 30 Aug, 2024 05:42pm

Europe

Germany deports first Afghans since Taliban govt took control

FRANKFURT: Germany said Friday it had deported Afghan criminals back to their home country for the first time since...

Published 30 Aug, 2024 05:33pm

Money & Banking

India’s forex reserves hit record high

BENGALURU: India’s foreign exchange reserves rose for a second straight week and hit a record high of $681.69...

Published 30 Aug, 2024 05:26pm

Middle East

Israel army says ends month-long operation in south, central Gaza

JERUSALEM: The Israeli military said Friday it had wrapped up a month-long operation in southern and central Gaza...

Published 30 Aug, 2024 05:17pm

Cricket

Atkinson’s maiden century takes England to 427 all out against Sri Lanka in second Test

LONDON: Gus Atkinson cemented his love affair with Lord’s by scoring a maiden century on Friday, with his 118...

Published 30 Aug, 2024 05:10pm

Companies

India’s Adani Ports to ink $185 mln Astro Offshore deal in branch-out bid

BENGALURU: Adani Ports and Special Economic Zone said on Friday it will buy a majority stake in an offshore support...

Published 30 Aug, 2024 05:03pm

Europe

Ukraine says US partners helping F-16 crash investigation

The commander of Ukraine’s air force said on Friday that it had shared with U.S. partners a preliminary report about...

Published 30 Aug, 2024 05:00pm

South Asia

Sri Lanka’s key inflation rate falls to 0.5% in August

BENGALURU/COLOMBO: Sri Lanka’s key inflation rate fell to 0.5% in August on the year from 2.4% last month, the...

Published 30 Aug, 2024 04:53pm

Stocks

India’s Nifty 50 logs longest-ever rally, hits record high

BENGALURU: India’s Nifty 50 rose for the twelfth consecutive session on Friday, its longest-ever rally, and pushed...

Published 30 Aug, 2024 04:47pm

Commodities

Copper claws higher on China hopes, set for monthly gain

LONDON: Copper prices gained on Friday on optimism about more government support for the economy of top metals...

Published 30 Aug, 2024 04:44pm

Commodities

Palm oil logs first monthly rise in three months

SINGAPORE: Malaysian palm oil futures rose for the second straight session on Friday, posting their first monthly...

Published 30 Aug, 2024 04:41pm

Statistics

Third successive decline: weekly SPI down 0.62%

The Sensitive Price Indicator (SPI) for the current week ended on August 29, 2024 decreased by 0.62%, according to...

Published 30 Aug, 2024 04:12pm

MENA

Israeli forces say they kill local Hamas commander in West Bank

ZABABDEH: Israeli forces killed a local commander of the Hamas group in the flashpoint city of Jenin on Friday as...

Published 30 Aug, 2024 03:46pm

Travel

Sydney’s $15 billion new train line is modern, fast and big on TikTok

SYDNEY: Australia’s largest public transport project has achieved something few urban planners expect: social media...

Published 30 Aug, 2024 03:05pm

South Asia

Modi’s populism after India election reversal puts public finances at risk

NEW DELHI: After reverses in the general election and facing possible losses in state polls this year, Indian Prime...

Published 30 Aug, 2024 03:00pm

Energy

Oil set for weekly gain on supply concerns

Oil prices edged higher on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb...

Updated 30 Aug, 2024 02:54pm

Europe

Kremlin says it made no deals with Telegram’s Durov

MOSCOW: Russian President Vladimir Putin’s office has not made any deals with Telegram chief executive Pavel Durov,...

Published 30 Aug, 2024 02:51pm

Punjab extends power relief to federal capital

CM Maryam Nawaz says decision to benefit over 150,000 consumers of Islamabad

Updated 30 Aug, 2024 02:46pm

Rain washes out opening day of Pakistan-Bangladesh second Test

RAWALPINDI: Heavy rain washed out the first day of the second and final Test between Pakistan and Bangladesh in...

Updated 30 Aug, 2024 01:34pm

Europe

Russia’s attack injures at least 9 in Ukraine’s Sumy, local authorities say

KYIV: Russian overnight attacks damaged an enterprise in Sumy region, injuring at least 9 people, and hit an...

Published 30 Aug, 2024 12:40pm

Mutual Funds

Euro zone bond yields flat as traders wait for more inflation data

Euro zone bond yields were little changed on Friday as investors awaited bloc-wide inflation figures after soft...

Published 30 Aug, 2024 12:37pm

Stocks

UK’s FTSE 100 hits three-month high, eyes gains in rollercoaster month

UK’s main stock index hit a three-month high on Friday, set to eke out gains for the topsy-turvy month, with bank...

Published 30 Aug, 2024 12:32pm

Stocks

European stock markets mixed at the open

PARIS: European stock markets diverged in opening deals on Friday before the release of US and eurozone inflation...

Published 30 Aug, 2024 12:29pm

Europe

In war-fatigued east Ukraine, Zelensky loses his shine

KLEBAN-BYK: Olena Semykina, the owner of a village shop in east Ukraine, voted for President Volodymyr Zelensky five...

Published 30 Aug, 2024 12:20pm

South Asia

With Hasina gone in Bangladesh, a rival family tastes power

DHAKA: Two women dominated Bangladeshi politics for decades. One was chased into exile. The other is newly free from...

Published 30 Aug, 2024 12:08pm

Daniil Medvedev beats Marozsan to reach US Open third round

NEW YORK: Former champion Daniil Medvedev was far from his best but still did enough to dispatch Fabian Marozsan 6-3...

Published 30 Aug, 2024 11:41am

Stocks

Asia shares set for solid monthly gain, dollar slumps on growing US rate cut bets

SINGAPORE: Asian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its...

Published 30 Aug, 2024 11:38am

Karolina Muchova sends former champion Osaka packing in US Open second round

NEW YORK: Czech Karolina Muchova delivered a flawless display of serve-and-volley tennis to knock twice champion...

Published 30 Aug, 2024 11:35am

Singapore Airlines gets India investment approval for Air India-Vistara merger

Singapore Airlines has received Indian government approval for foreign direct investment, clearing a significant...

Published 30 Aug, 2024 11:31am

USA

Kamala Harris vows tougher approach on migration, supports weapons for Israel

SAVANNAH: Kamala Harris vowed a tougher approach to migration along the US southern border and said she would not...

Published 30 Aug, 2024 11:28am

Commodities

Palm oil on track for weekly rise on softer ringgit; eyes on global tax rates

SINGAPORE: Malaysian palm oil futures rose on Friday and were headed for a second weekly gain, lifted by an easing...

Published 30 Aug, 2024 11:21am

Bullion Rate

Gold set for monthly rise; eyes on US inflation data

Gold prices eased on Friday, but were on track for a second straight month of gains on rising bets of a Federal...

Published 30 Aug, 2024 11:18am

Mutual Funds

JGB yields rebound on higher US yields and Tokyo inflation data

TOKYO: Japanese government bond (JGB) yields rebounded on Friday, buoyed by a rise in their US peers and inflation...

Published 30 Aug, 2024 11:16am

‘My heart dies every time I lose,’ Osaka says after US Open exit

NEW YORK: Naomi Osaka says 2024 is her “learning year” after coming back to the tour from a maternity break and the...

Published 30 Aug, 2024 11:13am

ANZ CEO says no evidence alleged misconduct over bond issuance cost taxpayers

SYDNEY: ANZ, Australia’s third-largest home lender, has found no evidence that suspected misconduct by the bank’s...

Published 30 Aug, 2024 11:08am

Thai July factory output rises for first time in 3 months, beats forecast

BANGKOK: Thailand’s manufacturing production index rose for the first time in three months in July, up 1.79% from a...

Published 30 Aug, 2024 11:05am

Commodities

Copper up, heads for first monthly gain since May on Fed rate-cut expectations

BEIJING: London copper prices ticked up on Friday and were headed for their first monthly increase since May on...

Published 30 Aug, 2024 11:01am

Stocks

Indian shares hit record highs, set to post third straight monthly gain

BENGALURU: Indian shares hit a fresh peak on Friday, tracking gains in regional peers, after US economic data eased...

Published 30 Aug, 2024 10:56am

Forex

Australia, NZ currencies hold hefty monthly gains as US dollar wanes

SYDNEY: The Australian and New Zealand dollars were looking to close out the month with sizable gains on Friday as...

Published 30 Aug, 2024 10:52am

Commodities

Iron ore slides on falling hot metal output, but heads for 2nd week of gains

BEIJING: Prices of iron ore futures fell on Friday, weighed by persistently sliding near-term demand and higher...

Published 30 Aug, 2024 10:40am

Commodities

Wheat firms, set for biggest weekly rise in 3 months on European supply worries

SINGAPORE: Chicago wheat edged higher on Friday, with the market poised for its biggest weekly gain in more than...

Published 30 Aug, 2024 10:38am

Stocks

Japan’s Nikkei rises as tech shares gain

TOKYO: Japan’s Nikkei share average advanced on Friday after the Dow notched a record closing high overnight, with...

Published 30 Aug, 2024 10:33am

Forex

China’s yuan headed for best month in nine on higher corporate demand

SHANGHAI: The yuan firmed to a two-month high on Friday, heading for its biggest monthly jump since November 2023 as...

Published 30 Aug, 2024 10:30am

Stocks

Australian shares gain on commodity boost, retail sales data in focus

Australian shares rose on Friday, helped by resources stocks on firmer commodity prices, while investors focused on...

Published 30 Aug, 2024 10:26am

UN’s Antonio Guterres says East Timor’s independence a gift to the world

East Timor’s independence was a gift to the world because it showed conflict could be resolved through negotiation,...

Published 30 Aug, 2024 10:23am

Service Global Footwear Limited

Service Global Footwear Limited (PSX: SGF) was incorporated in Pakistan as a public limited company in 2019. The...

Updated 30 Aug, 2024 10:23am

Mutual Funds

India debt sale cutoffs key trigger, economic data under watch

MUMBAI: Indian government bond yields edged marginally higher on the last trading day of the month as market...

Published 30 Aug, 2024 10:19am

Forex

Indian rupee biased to the upside on expected equity inflows, yuan’s rally

MUMBAI: The Indian rupee may recover more on Friday, helped by the rally in the Chinese yuan and anticipated equity...

Published 30 Aug, 2024 10:16am

Forex

Dollar set to snap 5-week losing streak as Fed cut bets pared

TOKYO: The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run,...

Published 30 Aug, 2024 10:12am

Carlos Alcaraz makes no excuses after shock second round exit at US Open

NEW YORK: Carlos Alcaraz made no excuses for his shock second round exit at the US Open on Thursday after the former...

Published 30 Aug, 2024 10:07am

Energy

Some reduction in fuel prices likely

ISLAMABAD: The federal government is likely to announce a reduction in fuel prices for the third consecutive...

Updated 30 Aug, 2024 09:51am

After tariff fixation: KE will see no net impact from FCA, says regulator Nepra

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday said the impact of Fuel Charges...

Updated 30 Aug, 2024 09:18am

Cases in courts: Ministries, divisions directed to work on ‘CAMS’

ISLAMABAD: Ministry of Law and Justice has directed Ministries/Divisions to work on Case Assignment and Management...

Updated 30 Aug, 2024 09:16am

Loss-making SOEs’ sell-off high priority: Aleem

ISLAMABAD: Federal Minister for Privatization, Board of Investment and Communications, Abdul Aleem Khan Thursday...

Updated 30 Aug, 2024 09:15am

Framework for ‘Domestic Systemically Important Banks (D-SIBs)’: SBP announces designation of D-SIBs for 2024

KARACHI: The State Bank of Pakistan has announced the designation of D-SIBs for the year 2024 under the Framework...

Updated 30 Aug, 2024 09:12am

BCA also pushed up: Moody’s upgrades Wapda’s CFR to Caa2

ISLAMABAD: Moody’s Ratings (Moody’s) upgraded Pakistan Water and Power Development Authority’s corporate family...

Updated 30 Aug, 2024 09:11am

Sugar: let exporters make some hay?

After a slow takeoff by sugar exports during July 2024, the policymakers are back to repeating errors of the past....

Published 30 Aug, 2024 08:52am

Two remittance incentive schemes: ECC approves revisions

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved revisions to the two...

Updated 30 Aug, 2024 08:51am

President raises min wage/gross salary of civil employees

ISLAMABAD: The federal government has notified the revision of special allowance granted to the civil employees of...

Updated 30 Aug, 2024 08:50am

Rana-led panel to propose amendments aimed at clearly defining role of NEC

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted an inter-ministerial committee headed by Advisor to Prime...

Updated 30 Aug, 2024 08:49am

Senate panel told: 75pc of PIACL shares up for bidding by October

ISLAMABAD: Federal government has reached the conclusion to offer 75 percent shares in Pakistan International...

Updated 30 Aug, 2024 08:48am

Energy producers: Aurangzeb takes up payments issue with PQEPC team

ISLAMABAD: The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with a...

Updated 30 Aug, 2024 08:47am

BR’s refresher: your morning briefing for the day

Important updates from August 29, 2024

Published 30 Aug, 2024 08:46am

UAF holding 60th meeting of Alumni Association

FAISALABAD: The University of Agriculture Faisalabad is holding 60th meeting of the Alumni Association on October ...

Published 30 Aug, 2024 08:30am

Rain & flood relief work reviewed: Hyderabad receives over 100mm rain so far

HYDERABAD: Focal person Abdul Jabbar Khan, nominated by the Sindh Chief Minister for rain and flood-related matters...

Published 30 Aug, 2024 08:30am

Balochistan problems: Political parties’ leaders brief PM

QUETTA: Prime Minister Muhammad Shehbaz Sharif on Thursday chaired a high level meeting of political parties’...

Published 30 Aug, 2024 08:30am

WCLA starts Rs1.730bn rehabilitation work on Bhatti Gate

LAHORE: The Walled City of Lahore Authority (WCLA) has started Rs 1.730 billion rehabilitation work on Bhatti Gate...

Published 30 Aug, 2024 08:26am

Bilawal launches first phase of ‘free solar system project’

KARACHI: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has inaugurated the first phase of the...

Updated 30 Aug, 2024 08:26am

Pakistan seeks to advance bilateral engagement, talks with BD

ISLAMABAD: Foreign Secretary Muhammad Syrus Sajjad Qazi on Thursday met with Advisor, Ministry of Foreign Affairs of...

Published 30 Aug, 2024 08:25am

AC approves closure of reference against PU’s ex-VC

LAHORE: An accountability court on Thursday approved closure of a reference against Punjab University’s former ...

Published 30 Aug, 2024 08:24am

Educational scholarships announced

ISLAMABAD: The Chief Welfare Officer of the Staff Welfare Organization, Establishment Division, on Thursday,...

Published 30 Aug, 2024 08:21am

1400 connections, 2 tonnes kunda wires removed from Bin Qasim

KARACHI: K-Electric, in collaboration with the law-enforcement agencies, continues crackdown against electricity...

Published 30 Aug, 2024 08:19am

Plea to be filed in IHC against govt: JI urges ECP to hold LG polls in Islamabad

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Chief Hafiz Naeem ur Rehman on Thursday, while urging the Election...

Updated 30 Aug, 2024 08:18am

Cybercrime case: Judge dismisses Orya Maqbool’s plea

LAOHRE: An additional district & sessions judge on Thursday dismissed a petition of anchorperson Orya Maqbool ...

Updated 30 Aug, 2024 08:16am

Spread of monkeypox: Punjab steps up action

LAHORE: The Punjab government has beefed up measures aimed at preventing spread of monkeypox. As a part of fresh...

Published 30 Aug, 2024 08:14am

Tank and Lakki Marwat districts: KP cabinet approves 791 new vacancies

ISLAMABAD: The Khyber-Pakhtunkhwa Cabinet, on Thursday, approved 791 new vacancies for districts Tank and Lakki...

Updated 30 Aug, 2024 07:45am

Karak, Hangu and Kohat districts: KP cabinet approves enhancement of oil, gas royalty share

PESHAWAR: The 12th meeting of the Provincial Cabinet of Khyber Pakhtunkhwa was held at Khyber Pakhtunkhwa House...

Published 30 Aug, 2024 07:41am

LHC CJ terms FIA report vague

LAHORE: The Chief Justice (CJ) Lahore High Court on Thursday termed the report of Federal Investigation Agency (FIA)...

Published 30 Aug, 2024 07:38am

Over 1,200 students: LUMS welcomes exceptional cohort

LAHORE: LUMS welcomed an exceptional cohort of over 1,200 students from across the country. This year’s ...

Published 30 Aug, 2024 07:37am

Media literacy urged to counter misinformation in digital age

KARACHI: A session titled "Role of Media in Promoting Social, Economic and Strategic Stability," held at the Rabita...

Published 30 Aug, 2024 07:36am

Police launch crackdown against electricity theft

LAHORE: Police have undertaken a major crackdown against electricity theft this year, leading to the registration of...

Published 30 Aug, 2024 07:34am

Punjab Assembly Speaker, ministers visit RUDA HQs

LAHORE: Punjab Assembly Speaker Malik Muhammad Ahmad Khan and provincial ministers visited the Ravi Urban ...

Published 30 Aug, 2024 07:32am

Punjab CM appoints 25 parliamentary secretaries

LAHORE: The Punjab Chief Minister Maryam Nawaz Sharif has approved the appointments of 25 MPAs including five women...

Updated 30 Aug, 2024 07:31am

Rai removed as National Coordinator NACTA

ISLAMABAD: The government removed National Coordinator of National Counter Terrorism Authority (NACTA) Muhammad ...

Updated 30 Aug, 2024 07:30am

Tourist resorts: ‘Security issue is of concern’, says Japanese CG

KARACHI: Japan Consul General Hattori Masaru, while referring to recent terrorist attacks in Balochistan, stated ...

Published 30 Aug, 2024 07:28am

Senate body recommends up-gradation of Safe City Islamabad

ISLAMABAD: The Senate Standing Committee on Interior on Thursday recommended that Safe City Islamabad should be...

Updated 30 Aug, 2024 07:26am

Digitization key to revenue growth

Pakistan has been facing the perpetual challenge of expanding its tax base without any tangible results, a situation...

Published 30 Aug, 2024 07:19am

Need for a country-wide, across-sectors ‘Pricing Policy’

Weak regulation of markets, or the policy of ‘market fundamentalism’ that market knows best, and left mostly on...

Published 30 Aug, 2024 07:15am

Customers are missing?

The entire quality movement is based on customer satisfaction. For an organization to grow and prosper it must have...

Published 30 Aug, 2024 07:08am

Traders’ opposition to Tajir Dost Scheme

EDITORIAL: Traders’ opposition to registration and payment of advance tax based on the location of their business,...

Published 30 Aug, 2024 06:52am

Local governments and the ruling elite

EDITORIAL: Uncertainty hangs over the overdue local governments (LGs) elections in Islamabad. This past Tuesday the...

Published 30 Aug, 2024 06:50am

Pak squad for second Test announced

LAHORE: Jason Gillespie, the Pakistan men’s cricket team red-ball head coach Thursday announced a 12-member squad...