News Archives for Latest - 2024-09-16

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Archive - 2024-09-16

China beat Pakistan in shootout to enter Asian Hockey Champions Trophy final

In a massive upset, China stunned Pakistan 2-0 in a shootout to enter the Asian Champions Trophy final at the Moqi...

Updated 17 Sep, 2024 04:44pm

Iran president vows to ensure morality police don’t ‘bother’ women

TEHRAN: Iranian President Masoud Pezeshkian vowed Monday to ensure the morality police would no longer “bother”...

Published 16 Sep, 2024 11:24pm

Suspect in Trump assassination attempt charged with gun crimes

WEST PALM BEACH: A man suspected of plotting to assassinate former US president Donald Trump was charged with...

Published 16 Sep, 2024 10:41pm

Europe

Palestinian president Mahmud Abbas to travel Tuesday to Spain: official

RAMALLAH: Palestinian president Mahmud Abbas will travel Tuesday to Madrid, an official in his office said Monday,...

Published 16 Sep, 2024 10:35pm

Knowledge economy: a pathway towards prosperity for Pakistan

A recent ITPI report indicates that every US dollar invested in education through a ‘community school approach’...

Published 16 Sep, 2024 09:40pm

Constitutional amendment: ‘package’ not to be tabled in NA, Senate today, says PML-N senator

Irfan Siddiqui says both houses today to be prorogued

Updated 16 Sep, 2024 09:20pm

Stocks

KSE-100 closes 158 points higher as profit-taking trims intra-day gains

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed 158 points higher on Monday as profit-taking...

Updated 16 Sep, 2024 09:09pm

Stocks

Sui Southern Gas Company appoints Amin Rajput as acting CEO, MD

The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL) has appointed Muhammad Amin Rajput as the...

Updated 16 Sep, 2024 09:07pm

Currency

Rupee largely stable against US dollar

Currency settles at 278.13 against the greenback in inter-bank market

Updated 16 Sep, 2024 09:06pm

Europe

Germany’s Scholz in Uzbekistan as he seeks energy, resources

TASHKENT: German Chancellor Olaf Scholz was in Uzbekistan on Monday, where he expressed an interest in “utilising...

Published 16 Sep, 2024 09:01pm

Legal Aid Society, Bond Advertising join forces to launch ‘Awaz Sab Ki’

Initiative aimed at protection and promotion of religious freedom

Published 16 Sep, 2024 08:24pm

USA

Pakistani man to appear in US court on assassination plot charges

NEW YORK: A Pakistani man with alleged ties to Iran is set to appear in US court on Monday on charges of scheming to...

Published 16 Sep, 2024 08:17pm

SAPM on Digital Media Fahd Haroon is bullish on Pakistan’s IT sector

Says internet slowdown result of faults in submarine cables, speeds to be restored to normal

Updated 16 Sep, 2024 08:11pm

Energy

Gunvor Group keen to invest in petroleum sector, says Pakistan govt

PM Shehbaz directs concerned authorities to provide all kinds of facilities for investment of Gunvor Group in Pakistan

Published 16 Sep, 2024 07:41pm

Companies

Noman Azhar, chief officer Zindigi, named ‘Digital Leader of the Year’

Noman Azhar, Chief Officer of Zindigi, powered by JS Bank, has been honored with the title of “Digital Leader of the...

Published 16 Sep, 2024 07:36pm

Net metering tariff rationalisation plan put on the ice

ISLAMABAD: The Power Division has put the much-talked about net metering tariff rationalisation plan on ice for the...

Updated 16 Sep, 2024 07:30pm

Stocks

US stocks open week in mixed fashion

NEW YORK: Wall Street stocks were mixed early Monday as markets attempt to build off last week’s gains ahead of a...

Published 16 Sep, 2024 07:25pm

Bullion Rate

Gold price hits fresh record high of Rs268,000 per tola in Pakistan

Gold prices in Pakistan maintained their upward trajectory on Monday in line with their increase in international...

Updated 16 Sep, 2024 07:24pm

Middle East

Gaza rescuers say at least 18 killed in Israeli strikes

GAZA STRIP: Gaza rescuers and medics said Israeli air strikes killed at least 18 people across the Palestinian...

Updated 16 Sep, 2024 07:20pm

Stocks

Gulf markets end mixed ahead of Fed rate decision

Stock markets in the Gulf ended mixed on Monday as investors await a likely cut to U.S. interest rates this week,...

Published 16 Sep, 2024 07:08pm

Middle East

Israeli minister says time running out for diplomatic solution with Hezbollah in Lebanon

JERUSALEM: Israeli Defence Minister Yoav Gallant told US Defense Secretary Lloyd Austin on Monday that the window...

Published 16 Sep, 2024 06:22pm

Middle East

UNRWA chief: Gaza polio vaccination coverage has reached 90%

DUBAI: Polio vaccination coverage in Gaza has reached 90%, the head of the United Nations Palestinian refugee agency...

Published 16 Sep, 2024 05:44pm

Energy

Oil prices edge higher ahead of Fed interest rate decision

LONDON: Oil prices edged higher on Monday as ongoing disruption to U.S. Gulf oil infrastructure balanced persistent...

Updated 16 Sep, 2024 05:28pm

Stocks

Stock markets diverge before Fed as China woes weigh

LONDON: European and Asian stock markets diverged Monday as investors awaited the US Federal Reserve’s first...

Updated 16 Sep, 2024 05:20pm

Europe

Polish PM announces $260mn in aid for storm-affected areas

WARSAW: Prime Minister Donald Tusk on Monday announced millions of dollars in aid for those in Poland hit by Storm...

Published 16 Sep, 2024 05:18pm

Stocks

Metals, energy boost Indian shares to record highs

BENGALURU: Indian shares hit record highs on Monday, underpinned by rising metal stocks on a favorable U.S. rate cut...

Published 16 Sep, 2024 05:07pm

Commodities

Aluminium rallies on technical support, weaker dollar

LONDON: Aluminium prices rose through key resistance levels on Monday, supported by lower inventory, a weaker dollar...

Published 16 Sep, 2024 05:04pm

Relocation of Chinese industries: 7-member panel formed

ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has constituted a seven-member...

Updated 16 Sep, 2024 04:06pm

ED directs FBR chief to take action against corrupt practices

ISLAMABAD: Establishment Division has directed the Chairman Federal Board of Revenue (FBR) to take action against...

Updated 16 Sep, 2024 03:24pm

KP to reward tax fraud identifiers with cash

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has announced that it will offer cash rewards to individuals who...

Updated 16 Sep, 2024 03:24pm

RTO Sargodha detects Rs23bn tax evasion

ISLAMABAD: A Withholding Zone of Regional Tax Office (RTO) Sargodha has effectively utilised the existing data and...

Updated 16 Sep, 2024 03:12pm

ADB asked to further engage private sector in Pakistan

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb hosted a dinner in honour of...

Updated 16 Sep, 2024 03:12pm

Section 122 (2) of ITO: ATIR reconciles apparently conflicting provisions

ISLAMABAD: In a landmark judgement, Appellate Tribunal Inland Revenue, Islamabad has reconciled the apparently...

Updated 16 Sep, 2024 03:12pm

Forex

South African rand gains, interest rates in focus this week

JOHANNESBURG: The South African rand gained in early trade on Monday, as markets geared up for a week packed with...

Published 16 Sep, 2024 03:07pm

Sri Lanka recall batsman Fernando for New Zealand series

Sri Lanka recalled top-order batsman Oshada Fernando to their 16-member squad announced on Monday for their two-Test...

Published 16 Sep, 2024 02:45pm

Stocks

London stocks lose ground as pound rises on bets of bigger Fed rate cut

London’s blue-chip stock index edged lower on Monday as a rising British pound weighed on export-oriented companies,...

Published 16 Sep, 2024 02:39pm

Forex

Kenya’s shilling stable; tea sector FX inflows to boost

NAIROBI: Kenya’s shilling was steady on Monday, and was expected to gain ground, bolstered by dollar inflows from...

Published 16 Sep, 2024 02:37pm

Stocks

Gulf markets gain on Fed rate cut outlook

Major stock markets in the Gulf rose in early trade on Monday amid expectations of a US interest rate cut this week,...

Published 16 Sep, 2024 02:36pm

Forex

Russian rouble weakens despite central bank rate hike

MOSCOW: The Russian rouble weakened against the US dollar on Monday despite the central bank’s surprise...

Published 16 Sep, 2024 02:33pm

Europe

Volodymyr Zelenskiy condemns apparent assassination attempt on Trump

Ukrainian President Volodymyr Zelenskiy condemned on Monday what the FBI called an apparent assassination attempt on...

Published 16 Sep, 2024 02:30pm

Kylian Mbappe bolstering holders Madrid’s Champions League ambitions

MADRID: The format may be new, but few would bet against the winner staying the same. As if record 15-time winners...

Published 16 Sep, 2024 12:42pm

Movies & Music

Stars shine on Emmys red carpet

LOS ANGELES: Television’s top stars sparkled Sunday on the red carpet for the Emmy Awards gala, back in its regular...

Published 16 Sep, 2024 12:40pm

Asia

Japan’s elderly population hits record high

TOKYO: The number of people in Japan aged 65 or older hit a record high of 36.25 million this year, government data...

Published 16 Sep, 2024 12:30pm

Emmy winners in key categories

LOS ANGELES: Here is a list of the winners in key categories for the 76th Emmy Awards, which were handed out in Los...

Published 16 Sep, 2024 12:24pm

Five key moments from Emmys night

LOS ANGELES: Japanese-language feudal epic “Shogun” made Emmys history on Sunday as the most awarded show in a...

Published 16 Sep, 2024 12:12pm

Europe

UK PM Starmer meets Italy’s Meloni for illegal immigration talks

LONDON: British Prime Minister Keir Starmer meets Italian counterpart Giorgia Meloni in Rome on Monday to discuss...

Published 16 Sep, 2024 12:07pm

Asia

Typhoon Bebinca lands in Shanghai, strongest storm to hit city since 1949

SHANGHAI: Typhoon Bebinca made landfall in Shanghai on Monday morning as a Category 1 storm, the most powerful...

Published 16 Sep, 2024 12:01pm

Asia

South Korean coast guard rescues 8 people on capsized fishing boat, Yonhap says

SEOUL: Eight people who were on board a fishing boat that capsized in waters off South Korea’s west coast have been...

Published 16 Sep, 2024 11:58am

Patton Kizzire wins Procore for first victory in six years

Patton Kizzire had his most uneven round of the tournament Sunday, but it ended up being more than enough for him to...

Published 16 Sep, 2024 11:56am

Forex

Australia, NZ dollars struggle for direction at start of pivotal Fed week

SYDNEY: The Australian and New Zealand dollars struggled for direction on Monday amid thin liquidity, although their...

Published 16 Sep, 2024 11:53am

Sonay Kartal collects first WTA Tour title in Tunisia

British qualifier Sonay Kartal captured her first WTA Tour title on Sunday, defeating Rebecca Sramkova of Slovakia...

Published 16 Sep, 2024 11:50am

Baku wins show Piastri has arrived: Webber

MELBOURNE: Oscar Piastri’s win at the Azerbaijan Grand Prix was “world class” and shows the young Australian has...

Published 16 Sep, 2024 11:47am

Europe

Russia launches drone attack on Kyiv, Ukraine’s military says

KYIV: Russia launched its eighth air attack in September on Kyiv overnight, with air defence units destroying nearly...

Published 16 Sep, 2024 11:42am

USA

Trump safe after new assassination attempt thwarted at Florida golf course

Republican presidential candidate Donald Trump was safe on Sunday after the Secret Service foiled what the FBI...

Published 16 Sep, 2024 11:28am

Stocks

Hong Kong stocks retreat on weak China data

SINGAPORE: Hong Kong shares slipped in holiday-thinned trade on Monday, weighed by another batch of underwhelming...

Published 16 Sep, 2024 11:12am

Asia

North Korea’s foreign minister leaves for Russia, embassy in Pyongyang says

North Korean Foreign Minister Choe Son Hui has flown to Russia to attend the fourth Eurasian Women’s Forum and the...

Published 16 Sep, 2024 11:08am

Stocks

Asia stocks on tenterhooks as Fed faces crunch time

SYDNEY: Asian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing...

Published 16 Sep, 2024 11:03am

Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells Handelsblatt

BERLIN: A merger of Italy’s Unicredit and Germany’s Commerzbank would add value for all stakeholders and create a...

Published 16 Sep, 2024 10:59am

Bullion Rate

Gold hits all-time high on deeper Fed rate cut expectations

Gold prices surged to record highs on Monday, driven by a softer dollar and expectations of a larger interest rate...

Published 16 Sep, 2024 10:56am

Commodities

Wheat slips from 3-month highs over supply fears

CANBERRA: Chicago wheat futures dipped from three-month highs on Monday, but were supported by concerns over crop...

Published 16 Sep, 2024 10:54am

Stocks

Australian shares rise towards fresh high as gold stocks shine; Fed in focus

Australian shares rose towards a record high on Monday, as gold stocks jumped on soaring bullion prices, while...

Published 16 Sep, 2024 10:51am

Stocks

Indian shares open marginally higher as metals shine

BENGALURU: Indian shares opened higher on Monday, led by metals on a weaker dollar and the prospect of stimulus...

Published 16 Sep, 2024 10:38am

Mutual Funds

India bond yields start flattish, with eyes on Fed decision

MUMBAI: Indian government bond yields were barely changed on Monday as traders remained focused on the US Federal...

Published 16 Sep, 2024 10:36am

Forex

Indian rupee to take support on rising odds of large Fed rate cut

MUMBAI: The Indian rupee is expected to receive a boost on Monday from the increasing probability that the US...

Published 16 Sep, 2024 10:34am

South Asia

Indian police detain 100 Samsung workers, union leaders

NEW DELHI: Indian police have detained around 100 striking workers and union leaders protesting low wages at a...

Published 16 Sep, 2024 10:31am

Forex

Currencies listless as markets waffle over Fed rate cut

SINGAPORE: The yen lounged around its highest levels for the year on Monday in trading thinned by a holiday in...

Published 16 Sep, 2024 10:23am

‘Package’: The Night of the Parliamentarians

NA, Senate sessions to be held today

Updated 16 Sep, 2024 09:20am

‘Pakistan Investment Conference’ held in Beijing

BEIJING: The Embassy of Pakistan in Beijing hosted the “Pakistan Investment Conference–Together for a Shared Future”...

Updated 16 Sep, 2024 09:05am

Prices of essential food items remain high

PESHAWAR: Prices of essential food commodities remained high in the open market, as per weekly market survey...

Updated 16 Sep, 2024 08:57am

Govt fails to woo opposition

ISLAMABAD: The government once again failed to woo opposition for supporting the proposed “constitutional package”,...

Updated 16 Sep, 2024 08:52am

BR’s refresher: your morning briefing for the day

Important updates from September 14 and September 15, 2024

Published 16 Sep, 2024 08:47am

Dairy sector facing the challenge of unsustainable productivity

Pakistan has a place in the list of world’s top five milk-producing countries. Livestock is one of the funnelling...

Updated 16 Sep, 2024 07:50am

IPPs: missing the forest for the trees

The 2024 Independent Power Producers (IPPs) negotiations are entering their second round. The authorities are...

Updated 16 Sep, 2024 07:49am

Fact-check on PML-N claim

The Deputy Prime Minister and Foreign Minister, Ishaq Dar, labelled delays in the International Monetary Fund’s...

Updated 16 Sep, 2024 07:46am

Democracy at a crossroads

EDITORIAL: In a detailed statement issued to mark the International Day of Democracy, being observed on September ...

Updated 16 Sep, 2024 07:35am

Rise in trade-based money laundering

EDITORIAL: An Asian Development Bank (ADB) report revealed that Pakistan’s monthly trade-based money laundering...

Updated 16 Sep, 2024 07:33am

Industry

Windar tin plant: Closure termed a setback for Balochistan industry

KARACHI: The recent closure of the Sidique Sons Tin Plant in Windar marks an unfortunate chapter in Balochistan’s...

Updated 16 Sep, 2024 07:29am

Interest Rates

ICMA calls for ‘significant’ policy rate cut

KARACHI: The Institute of Cost and Management Accountants of Pakistan (ICMA) has released an in-depth analysis of ...

Updated 16 Sep, 2024 07:15am

Companies

Nathalie Roos to step down as CEO of LIPTON Teas and Infusions

AMSTERDAM: Nathalie Roos has chosen to step down as Chief Executive Officer of LIPTON Teas and Infusions for ...

Published 16 Sep, 2024 06:56am

Companies

HBL awarded ‘Best Board of the Year’

KARACHI: HBL has been honored with the ‘Best Board of the Year’ award by the Pakistan Institute of Corporate...

Published 16 Sep, 2024 06:52am

Cotton & Textile

Weekly Cotton Review: Improvement in weather helps prices increase

KARACHI: The local cotton market witnessed an overall increase in prices during the past week. Changing weather...

Published 16 Sep, 2024 06:49am

PDP chairman urges govt to train Karachi police on modern lines

KARACHI: Karachi police have failed to check the rising lawlessness in the megacity because it is not trained to...

Published 16 Sep, 2024 06:48am

Industry

2024 Sichuan conference: Pakistani businessmen and SAARC CCI strengthen economic ties

ISLAMABAD: Pakistani business leaders and SAARC CCI strengthen economic ties at 2024 Sichuan - South Asia &...

Published 16 Sep, 2024 06:47am

Power tariffs: Taking the cashflow approach

The first quarter of the current fiscal year has bene quite a happening one for the electricity sector. From record...

Published 16 Sep, 2024 06:44am

Pak-South Africa women’s T20 international series starts today

LAHORE: Pakistan women’s team under the leadership of Fatima Sana are all set to take on Laura Wolvaardt led South...

Published 16 Sep, 2024 06:43am

MLCF: Slow ascent

In just three years, Mapleleaf Cement (PSX: MLCF) has watched its revenues double, though most of this growth came...

Published 16 Sep, 2024 06:42am

Delegation of three industries visits SAU

HYDERABAD: A delegation from Fateh Industries Ltd., Finishers Ltd., and Arino Ltd. visited Sindh Agriculture...

Published 16 Sep, 2024 06:39am

Indus Motors Company Limited

Indus Motors Company Limited (PSX: INDU) was incorporated in Pakistan in 1989 as a joint venture between some...

Published 16 Sep, 2024 06:38am

Birth certificate: Rubina lauds Sindh govt’s decision

ISLAMABAD: Chairperson of the Benazir Income Support Program (BISP), Senator Rubina Khalid Sunday expressed ...

Published 16 Sep, 2024 06:38am

KP policemen barred from using social media

PESHAWAR: The Khyber Pakhtunkhwa (KP) Police department has issued a letter to all regional police officers and...

Updated 16 Sep, 2024 06:37am

Sindh governor meets notables

KARACHI: Governor Sindh Kamran Khan Tessori met with Mufti Abdul Rahim, the head of Jamia Tur Rasheed, at Governor...

Published 16 Sep, 2024 06:27am

Distinguished individuals: Governor awards honorary doctorate degrees

KARACHI: Governor Sindh Kamran Khan Tessori awarded honorary doctorate degrees to several distinguished individuals...