News Archives for Latest - 2024-09-06

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Archive - 2024-09-06

Don’t let political differences breed hatred: army chief

COAS says efforts to weaken national solidarity will never succeed

Updated 06 Sep, 2024 11:59pm

Europe

France to finance Ukraine aid with Russian assets

PARIS: France will use a share of 1.4 billion euros ($1.5 billion) in revenues from frozen Russian assets to finance...

Published 06 Sep, 2024 11:48pm

Karsaz accident: suspect granted bail after victims’ family pardons her

A sessions court in Karachi on Friday granted bail to Natasha Danish, the driver booked in the Karsaz accident case,...

Updated 06 Sep, 2024 11:33pm

NAB amendments: SC accepts appeals against previous ruling

Chief Justice of Pakistan Qazi Faez Isa announces judgment

Updated 06 Sep, 2024 11:31pm

Europe

One killed, dozens wounded in Russian strikes on Ukraine

KYIV: Russian strikes on the Ukrainian central city of Pavlograd Friday killed one person and wounded more than 60...

Published 06 Sep, 2024 11:21pm

Exchange

Gold price per tola increases Rs1,400 in Pakistan

Gold prices in Pakistan maintained its upward trajectory for the second straight session on Friday in line with the...

Updated 06 Sep, 2024 10:24pm

Stocks

Another Pakistani company to establish subsidiary in UAE: Symmetry Group announces plan

Looking to take advantage of business-friendly environment in the UAE, another listed Pakistani company announced...

Updated 06 Sep, 2024 10:18pm

Statistics

Fourth successive decline: weekly SPI down to 3-year low

The Sensitive Price Indicator (SPI) for the week ended September 05, 2024 decreased by 0.15%, according to the...

Updated 06 Sep, 2024 10:18pm

USA

Fed’s Williams says time has arrived to start rate cuts

The stance of monetary policy can be moved to a more neutral setting over time depending on the evolution of the data, the outlook, and the risks to achieving our objectives, says Federal Reserve Bank of New York President John Williams

Updated 06 Sep, 2024 10:17pm

Exchange

Rupee marginally appreciates against US dollar

Currency settles at 278.57 against greenback in inter-bank market

Updated 06 Sep, 2024 10:12pm

Energy

Oil falls more than 2% after US jobs data, set for weekly drop

Brent crude futures down $1.62, or 2.23%, to $71.07 a barrel

Updated 06 Sep, 2024 10:02pm

Stocks

FTSE 100 clocks weekly decline; personal goods shares biggest drag

UK’s main stock index ended lower on Friday, dragged down by personal goods and automobile shares, while investors...

Published 06 Sep, 2024 09:53pm

Stocks

Wall St slides to over 3-week low after mixed payrolls data

Wall Street’s main indexes fell to their lowest in over three weeks on Friday after a crucial jobs report did little...

Published 06 Sep, 2024 09:50pm

Industry

CCP, PAS enhancing collaboration to promote self-regulation

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the Pakistan Advertisers Society (PAS) expand their...

Updated 06 Sep, 2024 09:46pm

Stocks

KSE-100 closes nearly flat as late-session selling erases intra-day gains

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed nearly flat on Friday after profit-taking wiped...

Updated 06 Sep, 2024 09:21pm

Business & Economy

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says

BYD has plans to open an assembly plant in early 2026, but will introduce vehicles for sale later this year, after launching three models in August

Updated 06 Sep, 2024 09:17pm

Sindh Police suspends another 12 officers for ‘inappropriate’ social media videos

Sindh Police on Friday announced the immediate suspension of 12 more of its officers on “inappropriate viral videos...

Published 06 Sep, 2024 08:55pm

Eid Milad-un-Nabi 2024: govt announces public holiday on September 17

The federal government on Friday announced September 17 as a public holiday on account of Eid Milad-un-Nabi, the...

Published 06 Sep, 2024 07:15pm

Middle East

Israeli strikes kill 12 Palestinians in Gaza as polio vaccination resumes

CAIRO: Israeli military strikes killed at least 12 Palestinians across the Gaza Strip on Friday, medics said, as...

Published 06 Sep, 2024 07:18pm

USA

More than 90 company executives endorse Harris for US president

WASHINGTON: More than 90 company executives, including the chief executives of Yelp and Chobani as well as the...

Published 06 Sep, 2024 06:44pm

Movies & Music

George Clooney, Brad Pitt likely to reunite for ‘Ocean’s 14’

Fresh off the debut of their new film ‘Wolfs’ in Venice, ace duo George Clooney and Brad Pitt are reportedly in...

Published 06 Sep, 2024 05:53pm

Stocks

UAE stocks muted as investors eye key US jobs data

Stock markets in the United Arab Emirates ended mostly subdued on Friday as investors held a cautious stance ahead...

Published 06 Sep, 2024 05:41pm

Energy

Global LNG: Asia spot LNG prices down on muted demand, cooler weather

LONDON: Asian spot liquefied natural gas (LNG) prices fell this week on signals of weak economic growth in China...

Published 06 Sep, 2024 05:38pm

Movies & Music

Netflix names hijackers in ‘IC 814: The Kandahar Hijack’ following backlash

Netflix has updated the opening disclaimer for Indian series ‘IC 814: The Kandahar Hijack’ with names of the...

Published 06 Sep, 2024 05:34pm

Money & Banking

India’s forex reserves hit record high

MUMBAI: India’s foreign exchange reserves rose for a third straight week to a record high of $683.99 billion as of...

Published 06 Sep, 2024 05:07pm

Stocks

Indian shares post worst week in three months, key US jobs data on tap

BENGALURU: India’s benchmark indexes logged their worst week in three months on Friday amid jitters ahead of a...

Published 06 Sep, 2024 05:03pm

Stocks

Sri Lanka shares end lower as utilities, energy slip

CSE All-Share index settled 0.23% lower at 10,775.87

Published 06 Sep, 2024 05:01pm

Commodities

Copper heads for second weekly fall on global growth concerns

LONDON: Copper prices were on track for a second consecutive weekly fall on Friday as concerns about global economic...

Published 06 Sep, 2024 04:58pm

Commodities

Palm ends with a weekly loss, Malaysia data eyed

JAKARTA: Malaysian palm oil booked a weekly loss on Friday, while the market is expecting the Malaysian Palm Oil...

Published 06 Sep, 2024 04:56pm

Movies & Music

‘Reagan’ movie splits audiences, captures US divisions

LOS ANGELES, United States: Movie critics and audiences don’t always see eye-to-eye – but rarely have they appeared...

Published 06 Sep, 2024 04:48pm

Paris Paralympics: Haider Ali wins bronze in discus throw final

Pakistan’s para-athlete Haider Ali on Friday won a bronze medal with his 52.54-metre throw in the Men’s Discus Throw...

Updated 06 Sep, 2024 04:31pm

Forex

Russian rouble weakens on first day of reduced yuan sales by central bank

MOSCOW: The Russian rouble weakened against the dollar and China’s yuan on Friday, the first day of a reduction in...

Published 06 Sep, 2024 03:35pm

Forex

Ugandan shilling firmer; agriculture sector dollar inflows help

KAMPALA: The Ugandan shilling was slightly stronger on Friday, helped by dollar inflows from exporters in the...

Published 06 Sep, 2024 03:24pm

Sri Lanka win toss, England to bat in third Test

LONDON: Sri Lanka won the toss and decided to bowl first in murky conditions in the third and final Test against...

Published 06 Sep, 2024 03:19pm

Commodities

Copper set for weekly fall on concerns about demand outlook

Copper was on track for a weekly fall on Friday, weighed down by demand concerns fuelled by weak economic data from...

Published 06 Sep, 2024 03:03pm

Toyota cuts 2026 global EV output plans by a third, Nikkei reports

TOKYO: Japan’s Toyota Motor has slashed its electric vehicle production plans for 2026 by a third, the Nikkei...

Published 06 Sep, 2024 03:01pm

Forex

South African rand stable, focus on US jobs data

JOHANNESBURG: The South African rand was stable in early trade on Friday, as markets looked to US jobs data for...

Published 06 Sep, 2024 02:56pm

Stocks

FTSE 100 slips as energy, miners weigh ahead of key US payrolls data

UK’s main stock index was lower on Friday, dragged down by energy and mining shares, as investors awaited a US jobs...

Published 06 Sep, 2024 02:55pm

Movies & Music

Plenty of star power as Toronto film fest opens

TORONTO, Canada: Hollywood’s A-list stars are convening in Toronto for North America’s largest film festival – a...

Published 06 Sep, 2024 02:19pm

Stocks

European shares drop on caution ahead of US payrolls report

European shares slipped for a fifth straight session on Friday as caution prevailed ahead of the crucial US jobs...

Published 06 Sep, 2024 02:18pm

ADB to devote half its lending to climate finance by 2030

The Asian Development Bank said on Friday it approved a new goal to devote 50% of its annual lending to climate...

Published 06 Sep, 2024 02:16pm

USA

Joe Biden to sign $250 million in Ukraine security assistance

RAMSTEIN AIR BASE: US President Joe Biden will approve an additional $250 million in security assistance for...

Published 06 Sep, 2024 02:14pm

Afghanistan’s Naveed Zadran to miss New Zealand Test due to injury

Afghanistan bowler Naveed Zadran will miss next week’s Test match against New Zealand with a side strain injury, the...

Published 06 Sep, 2024 02:11pm

Commodities

India to extend sugar export ban to boost local supplies, ethanol output, sources say

MUMBAI: India plans to extend a ban on sugar exports for the second straight year as the world’s biggest consumer of...

Published 06 Sep, 2024 02:08pm

Europe

Under-pressure Zelensky in Germany to rally Ukraine’s allies

RAMSTEIN AIR BASE: President Volodymyr Zelensky on Friday visits Germany where Ukraine’s military backers are...

Published 06 Sep, 2024 02:05pm

China’s Ant Group launches AI ‘life assistant’

HONG KONG: The fintech firm backed by Chinese e-commerce giant Alibaba has made a foray into products powered by...

Published 06 Sep, 2024 12:36pm

Europe

EU readies for fractious commission reveal party

BRUSSELS: European Union chief Ursula von der Leyen is set to unveil the line-up of her next European Commission –...

Published 06 Sep, 2024 12:28pm

Africa

Kenya school fire kills at least 17 children

NAIROBI: At least 17 children died after a fire ripped through their primary school dormitory overnight in central...

Published 06 Sep, 2024 12:25pm

Europe

Russia must respond to Western media curbs, Kremlin spokesman tells TASS

Russia must “respond appropriately” to restrictions on its media imposed by the West, the TASS news agency cited...

Published 06 Sep, 2024 12:03pm

Commodities

Palm oil opens up tracking Dalian, stronger ringgit

JAKARTA: Malaysian palm oil futures rose on Friday, tracking soyoil and palm oil contract at the Dalian market and a...

Published 06 Sep, 2024 11:50am

USA

In rare move, Georgia arrests father of teen suspected in school shooting

ATLANTA: Georgia state officials on Thursday arrested the father of the 14-year-old suspected in a school shooting...

Updated 06 Sep, 2024 11:49am

MENA

Israeli forces withdraw from Jenin and its camp, Palestine news agency says

CAIRO: Israeli forces have withdrawn from the city of Jenin and a refugee camp there, following a 10-day episode of...

Published 06 Sep, 2024 11:44am

Forex

China’s yuan flat despite weak dollar as easing expectations weigh

SHANGHAI: China’s yuan was steady on Friday, as easing expectations offset the positive impact from a weaker dollar....

Published 06 Sep, 2024 11:39am

Mutual Funds

JGB yields directionless as caution prevails before US jobs data

TOKYO: Japanese government bond (JGB) yields struggled for direction on Friday as market participants kept to the...

Published 06 Sep, 2024 11:36am

Sensational Pegula fightback earns her Sabalenka date in US Open final

NEW YORK: The cheers of home fans cheers echoed through Arthur Ashe Stadium on Thursday as Jessica Pegula staged an...

Published 06 Sep, 2024 11:33am

Back from injury, Karolina Muchova takes positives from inspired US Open run

NEW YORK: Karolina Muchova will take plenty of positives from New York despite losing in the US Open semi-final on...

Published 06 Sep, 2024 11:28am

Pakistan has responded positively to Bangladesh’s gestures: FO

ISLAMABAD: Pakistan on Thursday reciprocated to the positive gestures coming from Bangladesh to end the hostile...

Updated 06 Sep, 2024 11:25am

Capacity tariff of Chinese IPPs: China appears unwilling to renegotiate?

Addressing APNS gathering, Chinese Ambassador to Pakistan Jiang Zaidong says IPPs helped resolve power issues in Pakistan

Updated 06 Sep, 2024 11:23am

New Zealand add Herath and Vikram Rathour to coaching staff for Asia Tests

NEW DELHI: New Zealand added former Sri Lanka spinner Rangana Herath and India’s ex-batting coach Vikram Rathour to...

Published 06 Sep, 2024 11:20am

Asia

Deadly super typhoon Yagi takes aim at southern China

HONG KONG: Powerful gales and heavy rain from the deadly Super Typhoon Yagi drenched southern China on Friday, with...

Published 06 Sep, 2024 11:12am

Defence Day: President Zardari, PM Shehbaz say committed to defend country’s sovereignty

President Asif Ali Zardari and Prime Minister Shehbaz Sharif expressed their unwavering commitment to defend...

Updated 06 Sep, 2024 11:03am

Stocks

Markets on tenterhooks ahead of key US jobs data

SYDNEY: Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks...

Published 06 Sep, 2024 11:00am

Commodities

Wheat, corn and soy slip after rally but all head for weekly gains

CANBERRA: Chicago wheat, corn and soybean futures eased on Friday as traders decided that a fortnight-long rally...

Published 06 Sep, 2024 10:57am

Bullion Rate

Gold holds below 1-week high ahead of US jobs data, heads for weekly gain

Gold held below a one-week high on Friday and was on track for a weekly gain, as market participants focussed on US...

Published 06 Sep, 2024 10:53am

Forex

Australia, NZ dollars long for clarity on US rates, recession risk

SYDNEY: The Australian and New Zealand dollars held still on Friday ahead of US jobs data that should help clarify...

Published 06 Sep, 2024 10:50am

Stocks

Japan’s Nikkei falls ahead of US jobs data

TOKYO: Japan’s Nikkei share average traded lower on Friday as investors awaited key US jobs data due later in the...

Published 06 Sep, 2024 10:46am

Stocks

Australian shares tick higher as banks gain, US jobs data in focus

Australian shares inched higher on Friday, helped by gains in banks, as investors awaited a key US jobs report that...

Published 06 Sep, 2024 10:42am

Mutual Funds

India 10-year bond yield glued near 6.85% before debt sale, US data

MUMBAI: Indian government bond yields were largely flat early on Friday, with the benchmark yield remaining close to...

Published 06 Sep, 2024 10:39am

Forex

Indian rupee to hold near 84/USD; dollar struggles ahead of key US jobs data

MUMBAI: The Indian rupee is expected to hold near its all-time low on Friday, finding little relief from the US...

Published 06 Sep, 2024 10:28am

Stocks

Indian shares likely to open flat ahead of US jobs data

BENGALURU: India’s benchmark indexes are set to open little changed on Friday, as traders await a crucial US jobs...

Published 06 Sep, 2024 10:26am

Forex

Dollar wallows at one-week low as payrolls test looms large

TOKYO: The US dollar sagged near a one-week low versus major peers on Friday with job market indicators sending...

Published 06 Sep, 2024 10:22am

China, IMF: PM asks MoF to follow key matters up

Ministry of Railways, Planning, and Finance directed to expeditiously finalise negotiations on Karachi-Hyderabad segment of ML-1 project with Chinese authorities

Updated 06 Sep, 2024 09:26am

Attacks on grid stations: Govt decides to treat errant KP MPs in a heavy manner

ISLAMABAD: The federal government has decided to take strict action against those provincial lawmakers of...

Updated 06 Sep, 2024 09:25am

PD officials quizzed by Nepra on shift to SOFR

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday quizzed officials of Power Division...

Updated 06 Sep, 2024 09:24am

FBR amends Federal Excise Rules, 2005

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday notified the Computerized Payment Receipt (CPR-FE) for...

Updated 06 Sep, 2024 09:23am

FTAs, PTAs: MoC urged to include commercial transactions clause

ISLAMABAD: Senate Standing Committee on Commerce on Thursday urged the Commerce Ministry to include a clause of...

Updated 06 Sep, 2024 09:15am

Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited (PSX: AGTL) was incorporated in Pakistan as a public limited company in June, 1983. AGTL...

Published 06 Sep, 2024 09:00am

POL strikes despite production dip

The oil production of Pakistan witnessed an uptick of 1.4 percent year-on-year in FY24. Meanwhile, gas production...

Published 06 Sep, 2024 08:53am

Govt debt stocks rise to Rs69.9trn

KARACHI: The federal government’s total debt stocks rose to Rs 69.6 trillion mark at the end of July 2024 primarily...

Updated 06 Sep, 2024 08:56am

PM seeks plans for $25bn IT exports

ISLAMABAD: Prime Minister Shehbaz Sharif has urged IT experts to come up with their strategies and plans to achieve...

Updated 06 Sep, 2024 08:55am

Aurangzeb explains steps to stabilise economy

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

Updated 06 Sep, 2024 08:54am

Aurangzeb urges support for Chinese cos

ISLAMABAD: Finance Minister Muhammad Aurangzeb has urged PCICL to foster joint ventures (JVs) and enhance support...

Updated 06 Sep, 2024 08:53am

BR’s refresher: your morning briefing for the day

Important updates from September 5, 2024

Published 06 Sep, 2024 08:50am

The power balance – where efficiency meets innovation

Power generation has recently come under intense scrutiny, with attention focused on contractual arrangements and...

Published 06 Sep, 2024 08:49am

Stocks

Most Gulf markets edge higher ahead of US data

DUBAI: Most stock markets in the Gulf ended higher on Thursday a day after a global sell-off as investors remained...

Updated 06 Sep, 2024 08:24am

Stocks

Japan’s Nikkei ends lower as stronger yen

TOKYO: Japan’s Nikkei share average fell in choppy trade on Thursday, weighed down by a stronger yen and losses in...

Updated 06 Sep, 2024 08:24am

Stocks

European shares slip on growth jitters

PARIS: European stocks fell on Thursday as mixed economic data spurred worries about global growth and offset gains...

Published 06 Sep, 2024 08:22am

Money & Banking

China’s yuan gains against dollar

HONG KONG: China’s yuan extended recent advances on the dollar on Thursday as the US currency struggled against ...

Published 06 Sep, 2024 08:22am

Stocks

Wall Street edges lower as focus shifts to payrolls data

NEW YORK: Wall Street’s three main indexes slipped in choppy trading on Thursday as a short-lived boost from a...

Published 06 Sep, 2024 08:20am

Money & Banking

Dollar treads water ahead of US payrolls data

NEW YORK: The dollar was little changed against most majors on Thursday in choppy trading after economic data ...

Published 06 Sep, 2024 08:17am

Money & Banking

Asian currencies: Malaysian ringgit and rupiah gains

BENGALURU: Emerging Asian stocks gained some ground on Thursday after a steep sell-off in the previous session, as...

Published 06 Sep, 2024 08:19am

Clarification by PPL

ISLAMABAD: Pakistan Petroleum Limited (PPL) is a public listed company, regulated under the Companies Act, 2017 and...

Published 06 Sep, 2024 08:16am

Climate-related school closures cause dropouts: World Bank

ISLAMABAD: Climate-related school closures are frequent or of long duration, which beyond impacts on learning, cause...

Published 06 Sep, 2024 08:09am

Forex reserves up

KARACHI: State Bank of Pakistan (SBP) Thursday said the total liquid foreign reserves held by the country stood at...

Published 06 Sep, 2024 08:02am

Economy moving in the right direction: Aurangzeb

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

Published 06 Sep, 2024 08:01am

Interest Rates

Further ease in monetary policy stance expected

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) announced the next monetary policy...

Published 06 Sep, 2024 07:53am

Ineffective axle load control regime

EDITORIAL: You wouldn’t think there was a link between the legal framework governing commercial vehicles in a...

Updated 06 Sep, 2024 07:45am

UN support for Global Tax Convention

EDITORIAL: The United Nations Framework Convention on International Tax Cooperation unveiled a draft during its ad...

Updated 06 Sep, 2024 07:39am

What sustainable macroeconomic stability?

The fall in inflation (to be precise CPI inflation) to single-digit in August –stood at 9.6 percent – meant that...

Updated 06 Sep, 2024 07:36am

Flash floods kill 341: NDMA

ISLAMABAD: This year flash floods triggered by monsoon rains have killed 341 people, injured 613 and destroyed ...

Published 06 Sep, 2024 07:33am

Lt-Gen Faiz (retd): Army defends court-martial proceedings

ISLAMABAD: Pakistan’s military spokesperson Lt Gen Ahmed Sharif Chaudhry on Thursday defended the court-martial...

Updated 06 Sep, 2024 07:30am

Defence Day today

LAHORE: The Defence Day is being celebrated with enthusiasm on Friday (today), to pay respect to the defenders of ...

Published 06 Sep, 2024 07:26am

PARTLY FACETIOUS: A culture of freebies or a culture of defeat?

“Well, we do have very limited fiscal space, so I would strongly urge…” “Indeed we do and God bless the Sharifs -...

Published 06 Sep, 2024 07:24am

Challenges before FBR’s new chairman

FBR (Federal Board of Revenue) has failed to meet original tax targets for the last six fiscal years, three of the...

Published 06 Sep, 2024 07:23am

KP CM Gandapur gets transit bail from PHC

PESHAWAR: The Peshawar High Court on Thursday granted transitory bail to Khyber Pakhtunkhwa Chief Minister Ali Amin...

Published 06 Sep, 2024 07:12am

Trump pleads not guilty to revised US 2020 election indictment

WASHINGTON: Donald Trump pleaded not guilty on Thursday to criminal charges in a revised federal indictment accusing...