News Archives for Latest - 2024-09-11

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Archive - 2024-09-11

Gaza rescuers say 14 killed in Israeli strike on school

GAZA STRIP: An Israeli air strike Wednesday hit a central Gaza school, with the Hamas-run territory’s civil defence...

Published 11 Sep, 2024 10:51pm

Europe

NATO should down Russian drones in Baltics: Lithuania

WARSAW: Lithuania’s defence minister said Wednesday that NATO aircraft based in the Baltic states should shoot down...

Published 11 Sep, 2024 10:47pm

Money & Banking

Visa aims for 10-fold rise in Pakistani use of digital payments

KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the...

Updated 11 Sep, 2024 10:43pm

Exchange

Rupee gains marginally against US dollar

Currency settles at 278.54 against the greenback in inter-bank market

Updated 11 Sep, 2024 10:42pm

Fifth case of mpox virus confirmed in KP: health minister

33-year-old new patient had come to Pakistan from a Gulf country last week via Islamabad International Airport, Syed Qasim Ali Shah says

Updated 11 Sep, 2024 10:36pm

At least 1 dead as fire breaks out at building in Karachi’s Shah Faisal Colony

At least one person was killed after a fire broke out at a residential building in Karachi’s Shah Faisal Colony on...

Updated 11 Sep, 2024 10:29pm

Energy

Oil recovers on worries about Hurricane Francine

HOUSTON: Oil rebounded on worries about the impending impact of Hurricane Francine to crude oil production in the...

Updated 11 Sep, 2024 09:42pm

USA

Pakistani charged in alleged Iran plot to kill US official

NEW YORK: A Pakistani man with ties to Iran has been charged for allegedly plotting to assassinate a US official in...

Published 11 Sep, 2024 09:38pm

Mbappe rejects French league mediation proposal in PSG salary row

PARIS: Kylian Mbappe’s entourage said on Wednesday they had refused the French football league’s (LFP) offer to act...

Published 11 Sep, 2024 09:34pm

Stocks

Ahead of monetary policy announcement, KSE-100 loses 635 points as market divided

Key benchmark index settles near 78,650 level

Updated 11 Sep, 2024 09:34pm

Companies

Fauji Fertilizer Company intends to acquire Agritech Limited

Fauji Fertilizer Company (FFC), one of Pakistan’s largest fertilizer producers, has expressed its intention to...

Updated 11 Sep, 2024 09:34pm

Europe

Zelensky says Ukraine’s victory ‘depends’ on United States

KYIV: President Volodymyr Zelensky said Wednesday that Ukraine’s plan to defeat Russia depended on Washington’s...

Published 11 Sep, 2024 09:14pm

South Asia

India approves $1.3 billion incentive scheme for electric vehicles

NEW DELHI: India’s cabinet has approved a scheme to spend 109 billion rupees ($1.3 billion) on incentives for the...

Published 11 Sep, 2024 08:54pm

5.7 magnitude earthquake jolts parts of Punjab, Islamabad

A 5.7 magnitude earthquake jolted parts of Punjab, Islamabad and Khyber Pakhtunkhwa on Wednesday. The earthquake’s...

Updated 11 Sep, 2024 08:54pm

Business & Economy

Saudi Arabia committed to Pakistan’s economic growth, says KSA envoy

Finance Division says ambassador has indicated that a Saudi business delegation could visit Pakistan in coming months to explore areas for joint ventures, collaborative investments

Updated 11 Sep, 2024 08:44pm

Babar, Rizwan, Shaheen move up in latest ICC Test rankings

Pakistan’s trio of Babar Azam, Mohammed Rizwan and Shaheen Afridi have improved their rankings in the latest ICC...

Published 11 Sep, 2024 08:08pm

Polio worker, officer killed in Bajaur: police

PESHAWAR: Gunmen in northwestern Pakistan killed a polio worker and a policeman on Wednesday during the latest...

Published 11 Sep, 2024 07:23pm

Stocks

Most Gulf markets in the red on weak oil

Most stock markets in the Gulf ended lower on Wednesday, dragged down by weaker oil prices, while investors awaited...

Published 11 Sep, 2024 07:20pm

Stocks

US stocks mostly lower after inflation data

NEW YORK: Wall Street stocks mostly fell early Wednesday following inflation data that showed overall progress but...

Published 11 Sep, 2024 07:17pm

USA

Fed seen cutting policy rate by 25 bps next week

US central bankers will likely start long-awaited interest-rate cuts next week with a quarter-of-a-percentage-point...

Updated 11 Sep, 2024 07:13pm

South Asia

In Riyadh, China’s Premier Li calls for accelerated Gulf trade talks

BEIJING/DUBAI: China’s Premier Li Qiang on Wednesday urged Beijing and the Gulf Cooperation Council (GCC), which...

Published 11 Sep, 2024 06:59pm

South Asia

Tehran did not deliver missiles to Russia, foreign minister says

DUBAI: Iran’s foreign minister said on Wednesday that Tehran had not delivered any ballistic missiles to Russia and...

Published 11 Sep, 2024 06:53pm

USA

Biden wants Israel to provide ‘accountability’ on activist death

WASHINGTON: US President Joe Biden on Wednesday called for Israel to provide “full accountability” after the killing...

Published 11 Sep, 2024 06:41pm

Man Utd post losses for fifth straight year

LONDON: Manchester United on Wednesday posted net losses of £113.2 million ($148 million) for 2023/24 despite...

Published 11 Sep, 2024 06:38pm

Companies

Adobe to launch generative AI video creation tool later this year

Adobe will unveil a new generative AI-powered video creation and editing tool in a limited release later this year,...

Published 11 Sep, 2024 06:37pm

Zara owner Inditex posts record profit for first half

MADRID: Zara owner Inditex, the world’s biggest fashion retailer, posted a record net profit for the first half of...

Published 11 Sep, 2024 06:36pm

MENA

Iran president says 14 agreements signed with Iraq to expand ties

BAGHDAD: Iran’s new president, Masoud Pezeshkian, announced that over a dozen agreements were signed with Iraq on...

Published 11 Sep, 2024 06:34pm

Stocks

Indian shares fall on profit booking ahead of US inflation data

BENGALURU: Indian shares ended lower on Wednesday as investors booked profits across sectors, ahead of key U.S....

Published 11 Sep, 2024 06:32pm

Stocks

Sri Lanka shares end flat, snap four-session losing run

CSE All-Share index settled 0.03% up at 10,574.82

Published 11 Sep, 2024 06:29pm

Commodities

Copper prices buoyed by US rate cut expectation, softer dollar

LONDON: Copper prices firmed on Wednesday as investors factored in expectations of the first interest rate cut from...

Published 11 Sep, 2024 06:27pm

Commodities

Palm oil ends higher on rising inventories

NEW DELHI: Malaysian palm oil futures ended marginally higher on Wednesday after industry data showed inventories in...

Published 11 Sep, 2024 06:24pm

US consumer inflation eases more than expected in August

WASHINGTON: US consumer inflation eased more than expected last month, according to government data published...

Published 11 Sep, 2024 05:47pm

Stocks

Stocks, dollar diverge before key US inflation data

LONDON: Major stock markets and the dollar diverged Wednesday before US inflation data that could help indicate the...

Updated 11 Sep, 2024 05:32pm

Europe

Russia shoots down Ukrainian drones over Arctic north

MOSCOW: Russia shot down three drones over its northern Murmansk region on Wednesday, more than 1,600 kilometres...

Published 11 Sep, 2024 05:24pm

USA

Trump claims ABC-hosted US presidential debate was ‘rigged’ against him

WASHINGTON: Republican US presidential candidate Donald Trump on Wednesday claimed – without providing evidence –...

Published 11 Sep, 2024 05:21pm

South Asia

Afghanistan says to begin work on huge gas pipeline

ISLIM CHESHMA: Afghanistan said Wednesday work would begin on a $10 billion gas pipeline traversing South Asia as...

Published 11 Sep, 2024 05:17pm

Pakistan beat Japan 2-1 in Asian Hockey Champions Trophy

Pakistan beat Japan 2-1 to register their first win in the Asian Hockey Champions Trophy at the Moqi Hockey Training...

Updated 11 Sep, 2024 05:07pm

Movies & Music

Bollywood actor Malaika Arora’s father Anil Arora dies by apparent suicide

Bollywood model and actor Malaika Arora’s father Anil Arora has died in Mumbai. According to the police, he jumped...

Published 11 Sep, 2024 04:35pm

USA

Kamala Harris puts Trump on defensive in combative debate

PHILADELPHIA: Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive in a...

Updated 11 Sep, 2024 04:17pm

USA

Fact Check: Kamala Harris and Donald Trump’s presidential debate

WASHINGTON: Kamala Harris and Donald Trump clashed Tuesday in the pair’s first and so far only scheduled debate of...

Published 11 Sep, 2024 04:04pm

Stocks

Major Gulf markets in red on weak oil, US data in focus

Major Gulf stock markets fell in early trade on Wednesday, dragged by weaker oil prices, while investors awaited key...

Published 11 Sep, 2024 03:23pm

Australia coach says top six likely to remain the same for India series

SYDNEY: Australia coach Andrew McDonald thinks the top six batsmen who finished the last Test season are likely to...

Published 11 Sep, 2024 03:21pm

Europe

Antony Blinken arrives in Ukraine in show of support for Kyiv

KYIV: US Secretary of State Antony Blinken and British foreign minister David Lammy arrived in Kyiv on Wednesday for...

Published 11 Sep, 2024 03:16pm

Samsung Electronics plans global job cuts of up to 30% in some divisions, sources say

SEOUL/NEW DELHI: Samsung Electronics , the world’s top maker of smartphones, TVs and memory chips, is cutting up to...

Published 11 Sep, 2024 03:11pm

Europe

Kremlin says it’s working on Putin visit to Turkey to meet Tayyip Erdogan

MOSCOW: Kremlin spokesman Dmitry Peskov said on Wednesday that Moscow hopes President Vladimir Putin can visit...

Published 11 Sep, 2024 03:08pm

Forex

Ugandan shilling stable as pending taxes offer support

KAMPALA: The Ugandan shilling was stable on Wednesday, supported by muted demand for dollars as some players held...

Published 11 Sep, 2024 02:55pm

Bullion Rate

Gold prices in Pakistan hit record high of Rs264,000 per tola

Gold prices in Pakistan registered back-to-back gains on Wednesday in line with their increase in the international...

Published 11 Sep, 2024 02:20pm

Movies & Music

Taylor Swift endorses Kamala Harris for president in post signed ‘Childless Cat Lady’

WASHINGTON: Pop megastar Taylor Swift endorsed Kamala Harris on Tuesday after her debate against Republican rival...

Updated 11 Sep, 2024 01:56pm

Colombia down Argentina, Brazil stunned in World Cup qualifiers

MONTEVIDEO: Colombia avenged their Copa America final defeat with a 2-1 victory over Argentina while Brazil crashed...

Published 11 Sep, 2024 01:44pm

Son Heung-min savours win as South Korea kickstart World Cup qualifying campaign

MUSCAT: Son Heung-min said “winning never gets old” after South Korea got their troubled World Cup qualifying...

Published 11 Sep, 2024 01:39pm

MENA

Palestinian medics say five killed in Israeli strikes on West Bank

RAMALLAH: The Palestinian Red Crescent Society said Israeli strikes in the occupied West Bank on Wednesday killed...

Published 11 Sep, 2024 01:36pm

South Asia

Energy drink craze peps and pacifies weary Afghans

HEART: A production line in a warehouse in western Afghanistan churns out 24 energy drinks every second, feeding a...

Published 11 Sep, 2024 01:17pm

Europe

Russian freight train derails in Ukraine border region

MOSCOW: A freight train has derailed in a Russian region bordering Ukraine following “the intervention of...

Published 11 Sep, 2024 01:02pm

South Asia

Iran threatens ‘action’ over new Western sanctions

TEHRAN: Iran has vowed to respond to fresh sanctions imposed by Britain, France and Germany over what they said was...

Published 11 Sep, 2024 12:57pm

UK economy stalls, dealing blow to new government

LONDON: Britain’s economy stalled again in July, official data showed Wednesday, dealing a blow to the new Labour...

Published 11 Sep, 2024 12:53pm

Companies

Higher sales tax threatens government’s EV promotion efforts: EDB official

An official from the Engineering Development Board (EDB) warned that raising the general sales tax (GST) on electric...

Published 11 Sep, 2024 12:44pm

Energy

ADNOC to acquire Covestro for about $15.9bn, FT reports

Abu Dhabi National Oil Company (ADNOC) is expected to make a formal offer to acquire Covestro for about 14.4 billion...

Published 11 Sep, 2024 12:32pm

Mutual Funds

JGB yields fall as BOJ’s rate rise prospects ease amid yen’s strength

TOKYO: Japanese government bond (JGB) yields fell on Wednesday, tracking US Treasury yields lower, as the prospects...

Published 11 Sep, 2024 12:23pm

USA

US election debate: Harris, Trump go on the attack in first debate's opening moments

The two meet face to face for the first time
A tight race with eight weeks to go before Election Day
For Harris, a chance to introduce herself to voters

Updated 11 Sep, 2024 12:23pm

Rain continues to wreak havoc on Afghanistan v New Zealand Test

NEW DELHI: Play in Afghanistan’s one-off Test against New Zealand was called off without a ball being bowled for a...

Published 11 Sep, 2024 12:15pm

Mauricio Pochettino named new US men’s coach

Former Chelsea manager Mauricio Pochettino has been named new coach of the United States men’s team, US Soccer...

Published 11 Sep, 2024 11:54am

Asia

Red River floods Hanoi streets as Vietnam reels from impact of Typhoon Yagi

HANOI: Thousands of residents of Vietnam’s capital living close to the swollen Red River were evacuated on Wednesday...

Published 11 Sep, 2024 11:29am

Companies

Ford held talks with Indian state to restart production for exports, minister says

BENGALURU: Ford Motor has held talks with India’s southern state of Tamil Nadu to explore producing vehicles for...

Published 11 Sep, 2024 11:25am

Europe

EU, China should build bridges, avoid trade war, says Spanish prime minister

Spanish Prime Minister Pedro Sanchez said on Wednesday there does not need to be a trade war between the European...

Published 11 Sep, 2024 11:12am

USA

Tone and body language at the Harris-Trump debate speak as loudly as words

As their high-stakes debate in Philadelphia commenced on Tuesday night, Vice President Kamala Harris walked across...

Published 11 Sep, 2024 11:07am

Bullion Rate

Gold prices holds steady with US CPI data on radar

Gold prices steadied on Wednesday, as investors keenly awaited the US inflation data for hints on the size of the...

Published 11 Sep, 2024 10:46am

Stocks

Stocks falter, dollar defensive after US presidential debate

SINGAPORE: Asian markets wobbled and US stock futures slipped on Wednesday after Democratic Vice President Kamala...

Published 11 Sep, 2024 10:44am

Forex

Australia, NZ dollars wary as US inflation to impact easing outlook

SYDNEY: The Australian and New Zealand dollars were on hold on Wednesday awaiting US inflation figures that could...

Published 11 Sep, 2024 10:37am

Commodities

Wheat rises for third session as lower production outlook in Russia supports

SINGAPORE: Chicago wheat gained more ground on Wednesday, as expectations of lower output in Russia and tighter...

Published 11 Sep, 2024 10:32am

Stocks

Australian shares flat as miners counter losses in banks

Australian shares struggled for momentum on Wednesday as gains in miners countered losses in financial and energy...

Published 11 Sep, 2024 10:29am

USA

IMF, Ukraine reach deal that would give it access to some $1.1bn

WASHINGTON: The International Monetary Fund said on Tuesday it had reached a preliminary agreement with Ukraine that...

Published 11 Sep, 2024 10:27am

Stocks

Japan’s Nikkei dragged lower by stronger yen, energy stocks

TOKYO: Japan’s Nikkei share average fell for a seventh straight session on Wednesday, as a stronger yen dragged down...

Published 11 Sep, 2024 10:17am

Mutual Funds

India bond yields likely to be steady ahead of US inflation data

MUMBAI: Indian government bond yields are likely to hold steady in opening trade on Wednesday, as market...

Published 11 Sep, 2024 10:15am

Forex

Indian rupee to take support from dollar’s decline, likely inflows

MUMBAI: The Indian rupee is likely to open slightly higher on Wednesday, helped by a decline in the dollar amid...

Published 11 Sep, 2024 10:13am

Stocks

Indian shares set to open flat ahead of US inflation data

BENGALURU: Indian shares are likely to open flat on Wednesday, in sync with other Asian peers, ahead of key US...

Published 11 Sep, 2024 10:12am

Forex

Asian currencies strengthen, stocks slip after US presidential debate

Asian currencies edged higher on Wednesday while most equities slipped, as investors assessed the US presidential...

Published 11 Sep, 2024 10:10am

Stocks

Energy stocks drag China stock markets lower but EV shares rise

SINGAPORE: Chinese stock markets fell on Wednesday, with shares in energy companies leading losses as they tracked...

Published 11 Sep, 2024 10:08am

Forex

Yen hits eight-month high as focus shifts to US politics, BOJ rate hikes

TOKYO: The safe-haven yen hit its highest since the start of the year against the dollar on Wednesday as US...

Published 11 Sep, 2024 10:05am

Legislation related to privatisation of loss-making SOEs: Minister says govt will need support of Parliament

Finance Minister Muhammad Aurangzeb says loss-making state-owned enterprises causing one trillion rupees of 'drag' to the exchequer

Updated 11 Sep, 2024 09:34am

PTA drafts ‘Accounting Separation (1st Amendment) Regulations, 2024’

ISLAMABAD: Pakistan Telecommunication Authority (PTA) drafted “Accounting Separation (1st Amendment) Regulations,...

Updated 11 Sep, 2024 09:31am

Bill aimed at raising number of judges in SC introduced in NA

ISLAMABAD: The Supreme Court (Number of judges) (Amendment) Bill, 2024 was introduced in the National Assembly to...

Updated 11 Sep, 2024 09:28am

Monthly TBML-related STRs’ volume surges 398pc: ADB

ISLAMABAD: Pakistan’s monthly trade-based money laundering (TBML) related suspicious transaction reports (STRs)...

Updated 11 Sep, 2024 09:26am

Oil bears are back with a bang

As crude oil prices hover around the $68 mark (lowest in over a year), the oil market stands poised for a pivotal...

Published 11 Sep, 2024 09:12am

Remittances robust again

In August 2024, the country recorded a significant increase in remittances, reaching $2.94 billion, the year-on-year...

Published 11 Sep, 2024 09:11am

Govt decides to expedite process of sending PWD projects to provinces

ISLAMABAD: Minister for Planning, Development and Special Initiatives has decided to expedite the process of...

Updated 11 Sep, 2024 09:10am

Pakistan Aluminum Beverage Cans Limited

Pakistan Aluminum Beverage Cans Limited (PSX: PABC) was incorporated in Pakistan as a public unlisted company in...

Published 11 Sep, 2024 09:05am

Senate panel seeks details of 82 SOEs

ISLAMABAD: The Senate Functional Committee on Devolution on Tuesday sought details of 82 state-owned enterprises...

Updated 11 Sep, 2024 08:55am

Budgetary support: Jul-Aug borrowing drops 58pc to Rs660.3bn YoY

KARACHI: The federal government’s borrowing from scheduled banks for budgetary support saw a sharp decline of 58...

Updated 11 Sep, 2024 08:55am

Letters

‘Overcapacity dilemma: mismanagement or misjudgment?’

This is apropos a letter to the Editor titled ‘Overcapacity dilemma: mismanagement or misjudgment?’ carried by...

Updated 11 Sep, 2024 08:53am

NLC ready to help boost imports thru Gwadar Port

ISLAMABAD: The government has decided to start 50 percent public sector imports from Gwadar Port destined for...

Updated 11 Sep, 2024 08:53am

SC says remarks of CJP reported ‘needlessly and inaccurately’

ISLAMABAD: The Supreme Court of Pakistan has clarified that off-the-record comments made by Chief Justice Qazi Faez...

Updated 11 Sep, 2024 08:51am

IEEEP Fair: energy minister vows full support

KARACHI: Sindh Minister of Energy, Syed Nasir Hussain Shah has said that his department stands fully committed to...

Updated 11 Sep, 2024 08:50am

Suki Kinari Hydropower Project: Inauguration ceremony likely to be postponed till COD achievement

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has proposed that inauguration of 884 MW Suki Kinari...

Updated 11 Sep, 2024 08:44am

‘Establishment has deceived us,’ says embittered IK

ISLAMABAD: Incarcerated Pakistan Tehreek-e-Insaf (PTI) founding chairman, Imran Khan, on Tuesday, directed his party...

Updated 11 Sep, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from September 10, 2024

Published 11 Sep, 2024 08:41am

PARTLY FACETIOUS: The low-hanging fruit were the PTI parliamentarians

“What’s your take on all this?” “Well, the rats are away and the…” “Rats? It’s more like playing cops and robbers,...

Updated 11 Sep, 2024 08:24am

The Weather

KARACHI: The weather report on Tuesday (September 10, 2024) and the forecast for Wednesday (September 11, 2024)...