News Archives for Latest - 2024-09-23

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Archive - 2024-09-23

Middle East

Lebanon says Israeli airstrikes kill at least 356, Israel warns Lebanese to evacuate

JERUSALEM: Israel said it had launched airstrikes against hundreds of Hezbollah targets on Monday, killing 356...

Updated 23 Sep, 2024 11:47pm

Justice Shah questions changes to practice and procedure law

Calls the restructuring of the committee as unnecessary

Published 23 Sep, 2024 11:22pm

Punjab CM seeks report on injury due to kite string

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif took notice of a motorcyclist being injured due to running on a...

Updated 23 Sep, 2024 11:08pm

Israeli newspaper claims IK can change public opinion on Jewish state

TEL AVIV: Israel’s newspaper, The Jerusalem Post, has claimed that despite the fact the former prime minister and...

Updated 23 Sep, 2024 11:06pm

Money & Banking

SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall

Higher interest rates, exchange gain help central bank post record earnings

Updated 23 Sep, 2024 11:01pm

Netanyahu warns Lebanese to ‘get out of harm’s way’

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu warned Lebanese people to move away from danger as the Israeli...

Published 23 Sep, 2024 10:54pm

Israel strike on Beirut targeted Hezbollah southern front commander: source close to group

BEIRUT: A source close to Hezbollah said an Israeli strike on Beirut’s southern suburbs on Monday targeted the...

Published 23 Sep, 2024 10:49pm

Exchange

Rupee remains stable against US dollar

Currency settles at 277.87 against US dollar in inter-bank market

Updated 23 Sep, 2024 10:32pm

Stocks

Amreli Steels bleeds, loss for FY24 stands at Rs6.1bn as sales drop

Amreli Steels Limited sustained massive losses to the tune of Rs6.1 billion amid a drop in sales and high expenses...

Updated 23 Sep, 2024 10:25pm

Industry

New Energy Vehicles: Sazgar Engineering gears up for local assembly in Pakistan by Dec 2025

Sazgar Engineering Works Limited (SAZEW), a Pakistani auto manufacturer, on Monday announced its plans to launch New...

Updated 23 Sep, 2024 10:24pm

Russian Embassy condemns Swat terrorist attack targeting diplomatic convoy

The Russian Embassy in Pakistan has strongly condemned the terrorist attack in the Swat district of Khyber...

Updated 23 Sep, 2024 10:00pm

Lt General Asim Malik appointed new DG ISI

ISPR says General Malik will take charge on September 30

Updated 23 Sep, 2024 10:00pm

Govt refuses to reallocate 80 SIC MNAs to PTI despite SC decision

The federal government on Monday ruled out the reallocation of 80 MNAs of the Sunni Ittehad Council (SIC) to...

Updated 23 Sep, 2024 10:00pm

Stocks

KSE-100 loses 224 points on profit-taking, closes below 82,000

After closing at a record high in the previous session, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index...

Updated 23 Sep, 2024 09:49pm

Middle East

US sending more troops to Middle East as tensions grow

Thousands of American troops are already present in the region, as well as warships, fighter jets, and air defense systems to protect both its forces and Israel

Published 23 Sep, 2024 09:40pm

Energy

Oil edges higher on Middle East tensions, storm worries

HOUSTON: Oil prices ticked up on Monday as investors worried about supply after tensions in the Middle East...

Updated 23 Sep, 2024 08:43pm

Stocks

Wall Street edges higher with focus on Fed speakers, economic data

Wall Street’s main indexes inched higher in choppy trading on Monday as investors focused on comments from Federal...

Published 23 Sep, 2024 08:39pm

SC says ECP’s unlawful acts, omissions caused confusion, prejudice to PTI

Issues 70-page verdict on the reserved seats case

Updated 23 Sep, 2024 07:58pm

South Asia

Thousands protest across India seeking repeal of labour codes

NEW DELHI: Thousands of Indian workers marched through several towns and cities including New Delhi, Lucknow and...

Published 23 Sep, 2024 07:27pm

South Asia

India reports first case of mpox from fast-spreading clade 1b variety

NEW DELHI: India said on Monday that an mpox case involving a man in the southern state of Kerala was from the...

Published 23 Sep, 2024 07:19pm

Madrid’s ‘many styles’ key to unbeaten streak: Ancelotti

MADRID: Real Madrid coach Carlo Ancelotti said Monday his team’s “many styles” of play have helped them go 38 La...

Published 23 Sep, 2024 06:21pm

Interest Rates

Big rate cut was ‘appropriate’ first step: Fed official

WASHINGTON: The US Federal Reserve’s decision to cut interest rates by half a percentage-point was “an appropriate...

Published 23 Sep, 2024 06:18pm

Europe

Russia says 56 civilians killed in Ukraine’s 7-week incursion in Kursk region

At least 56 civilians have been killed and 266 wounded during Ukraine’s seven-week-old incursion into Russia’s...

Published 23 Sep, 2024 06:13pm

Middle East

UAE seeks closer AI, tech ties in Biden talks as China interest stirs US concern

DUBAI: President Joe Biden will host the United Arab Emirates president on Monday for a visit set to include White...

Published 23 Sep, 2024 06:07pm

Middle East

Iran walls off part of border with Afghanistan: media

TEHRAN: Iran’s military has built a wall along more than 10 kilometres (6 miles) of its eastern border with...

Published 23 Sep, 2024 05:11pm

Luxury

Musical chairs at top as Paris Fashion Week starts

PARIS: Paris Fashion Week starts Monday in a swirl of rumours of musical chairs at some of the sector’s most fabled...

Published 23 Sep, 2024 04:58pm

Commodities

Palm rises for fourth session on rivals’ strength; output concerns cap gains

KUALA LUMPUR: Malaysian palm oil futures extended gains on Monday for a fourth straight session, tracking strength...

Updated 23 Sep, 2024 03:52pm

Currency

Indian rupee ends flat after hitting 3-month peak; oil firms’ dollar bids weigh

MUMBAI: The Indian rupee ended flat on Monday as dollar demand from local oil companies pulled the currency off a...

Updated 23 Sep, 2024 03:46pm

Europe

Turkiye to press criticism of Israel over Gaza war

ANKARA: Turkiye, among the world’s sharpest critics of the Israeli military operation in Gaza, will use the UN...

Published 23 Sep, 2024 03:41pm

Stocks

Indian shares continue to scale new peaks after US rate cut

BENGALURU: Indian shares hit record highs for the third straight session on Monday as the outsized U.S. rate cut...

Updated 23 Sep, 2024 03:29pm

Property taxpayers urged to avail 5pc rebate offer

MULTAN: The Excise and Taxation Department urged property taxpayers to benefit from the Punjab government’s five...

Updated 23 Sep, 2024 03:24pm

Tax collection at import stage: share in total collection reduces

ISLAMABAD: The tax collection at import stage constituted 35 percent and domestic tax collection’s share was 65...

Updated 23 Sep, 2024 03:24pm

USA

Trump attempted assassination suspect Ryan Routh to appear in court

WEST PALM BEACH, FLORIDA: The man accused of hiding out with a gun near Donald Trump’s Florida golf course in an...

Published 23 Sep, 2024 03:22pm

Energy

OGDC’s profit down 7% in FY24 despite higher sales

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

Published 23 Sep, 2024 03:15pm

Bullion Rate

Gold price per tola decreases Rs600 in Pakistan

After increasing for three consecutive sessions, gold prices in Pakistan declined on Monday in line with their...

Published 23 Sep, 2024 02:29pm

Stocks

Most Gulf markets extend gains on rate cuts; regional tensions weigh

Most major stock markets in the Gulf rose in early trade on Monday, continuing a rally sparked by interest rate cuts...

Published 23 Sep, 2024 02:13pm

Luxury

China-EU trade spat’s next swipe may hit LVMH

LONDON: Few Western corporate chieftains command as much attention in China as Bernard Arnault. The 75-year-old boss...

Published 23 Sep, 2024 01:56pm

Stocks

China stocks rise for 4th day amid stimulus hopes; Hang Seng hits 3-month high

SHANGHAI: China stocks rose on Monday for a fourth straight session, with the country’s 30-year treasury yield...

Published 23 Sep, 2024 01:47pm

Forex

South African rand softens against the dollar

JOHANNESBURG: South Africa’s rand softened against the dollar on Monday, retreating from a fresh 20-month high it...

Published 23 Sep, 2024 01:44pm

Commodities

Iron ore hits over 1-year low on soft China demand prospects, firmer supply

SINGAPORE: Iron ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of...

Published 23 Sep, 2024 12:49pm

Stocks

European shares flat ahead of data-packed week

European shares started Monday on a subdued note as investors maintained a cautious stance ahead of a slew of key...

Published 23 Sep, 2024 12:33pm

South Asia

Xi says wants to deepen BRI cooperation with Sri Lanka under new leader

BEIJING: Chinese President Xi Jinping on Monday said he hoped to broaden cooperation with Sri Lanka under his Belt...

Published 23 Sep, 2024 12:19pm

Stocks

Australian shares snap 7-day rally as Woolworths, Coles weigh

Australian shares declined on Monday, breaking a seven-day winning streak as investors pulled back ahead of the...

Updated 23 Sep, 2024 12:11pm

Stocks

South Korean stocks close higher with key US inflation data in focus

KOSPI rose 8.64 points, or 0.33%, to 2,602.01

Updated 23 Sep, 2024 12:08pm

Europe

Russian strikes on Ukraine kill one, wound 24

KYIV: Russia’s latest strikes on Ukrainian regions have killed one person and wounded 24, officials said on Monday....

Published 23 Sep, 2024 11:55am

Cricket

Jayasuriya grabs five wickets as Sri Lanka win first New Zealand Test

GALLE: Prabath Jayasuriya took five wickets to steer Sri Lanka to a 63-run victory Monday against New Zealand on the...

Published 23 Sep, 2024 11:51am

Commodities

London copper climbs on better China demand, lower stocks

BEIJING: London copper prices climbed on Monday with signs of better demand in top consumer China and falling...

Published 23 Sep, 2024 11:37am

Middle East

Israeli military launches fresh strikes on Hezbollah in Lebanon

JERUSALEM: Israel’s military began carrying out fresh strikes against Hezbollah positions in Lebanon on Monday after...

Published 23 Sep, 2024 11:30am

South Asia

Sri Lankan prime minister resigns after Dissanayake’s presidential win

COLOMBO: Sri Lankan Prime Minister Dinesh Gunawardena has resigned, he said on Monday, a day after Marxist-leaning...

Published 23 Sep, 2024 11:09am

Commodities

US rate cut, geopolitical woes lift gold to record high

Gold prices extended gains to scale a record high on Monday, driven by the momentum generated by the Federal...

Published 23 Sep, 2024 11:05am

Second phase of CPEC: Wish list to be shared with Chinese PM

Pakistan prepares roster of over six dozen projects in all fields for Chinese cooperation

Updated 23 Sep, 2024 11:02am

Forex

China’s yuan slows uptick amid rising trade tensions, lower bond yields

SHANGHAI: China’s yuan was little changed on Monday following a six-session rising streak, as the dollar stabilized...

Published 23 Sep, 2024 11:02am

South Asia

Japan, China foreign ministers to meet in New York

TOKYO: Japanese Foreign Minister Yoko Kamikawa will meet her Chinese counterpart, Wang Yi, in New York on Monday,...

Published 23 Sep, 2024 10:56am

What’s next after the pager and walkie-talkie explosions

The near-simultaneous explosions of pagers and walkie-talkies within a 24-hour period resulted in mass casualties in...

Published 23 Sep, 2024 10:27am

Stocks

Asia stocks, Wall St futures edge up; China trims repo rate

SYDNEY: Asian stocks firmed on Monday ahead of central bank meetings that are widely expected to deliver two more...

Published 23 Sep, 2024 09:47am

Financial

Indian bond yields seen little changed with focus on domestic triggers

MUMBAI: Indian government bond yields are expected to start the week with a flattish trend, with focus shifting to...

Published 23 Sep, 2024 09:41am

Forex

Bitcoin jumps while Japan holiday dulls most currencies

SINGAPORE: Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the...

Published 23 Sep, 2024 09:27am

‘KPT&GC will start transmitting power to industries’

PESHAWAR: Secretary Energy and Power Nisar Ahmad Khan Khyber Pakhtunkhwa has said that the energy sector is of great...

Updated 23 Sep, 2024 09:25am

Restaurants and cafes: SRB carries out surprise snap checking, awareness exercise

KARACHI: In the recent wake of social media posts and online complaints lodged at various portals from customers and...

Updated 23 Sep, 2024 09:22am

Procurement of works: Ministries, public sector entities directed to use SBDs

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has directed all ministries and public sector entities...

Updated 23 Sep, 2024 09:21am

Different sectors: EDF Board approves number of projects

ISLAMABAD: The Export Development Fund’s (EDF) Board headed by Minister for Commerce, Jam Kamal Khan has approved a...

Updated 23 Sep, 2024 09:20am

Power generation: New lows

Smack in the middle of all the chest thumping around Pakistan achieving macroeconomic “stability”, power generation...

Published 23 Sep, 2024 09:05am

FDI at a crossroads

While media outlets are abuzz with reports of a 55 percent spike in FDI during the first two months of FY25, this...

Published 23 Sep, 2024 09:02am

Agriauto Industries Limited

Agriauto Industries Limited (PSX: AGIL) was incorporated in Pakistan as a public limited company in 1981. The...

Published 23 Sep, 2024 08:56am

‘PBS capacity building, data digitization vital for service delivery’

PESHAWAR: Advisor to KP CM on Finance, Dr Muzammil Aslam has underscored the critical need for enhancing the...

Updated 23 Sep, 2024 08:47am

PM says people have endorsed ‘sound economic policies’

LONDON: Prime Minister Shehbaz Sharif on Sunday said that the public had rejected the politics of chaos and instead...

Updated 23 Sep, 2024 08:45am

UK trade commissioner begins key visit

ISLAMABAD: UK Trade Commissioner for Middle East and Pakistan Oliver Christian has landed in Islamabad on his first...

Updated 23 Sep, 2024 08:44am

BR’s refresher: your morning briefing for the day

Important updates from September 21 and September 22, 2024

Published 23 Sep, 2024 08:41am

Middle class— tax trapped

The middle class is commonly seen as the fundamental support system of society, exerting a pivotal influence on...

Updated 23 Sep, 2024 07:43am

Building a resilient energy sector

The power sector in Pakistan has become a hotbed of discussions, with a particular focus on the long-standing issue...

Updated 23 Sep, 2024 07:38am

Economy has been nursed to some semblance of health

There is some semblance of macroeconomic stability in Pakistan as inflation decreases, interest rates fall, and the...

Updated 23 Sep, 2024 07:32am

In-house instead of out-house reforms

Pakistan has received the most International Monetary Fund (IMF) programmes (23 to date) than any other country in...

Updated 23 Sep, 2024 07:31am

Modern government structure

EDITORIAL: It’s taken its sweet time, but finally the government has realised the need for at least...

Updated 23 Sep, 2024 07:30am

IMF board meeting amid our debt dilemma

EDITORIAL: The IMF board’s meeting is likely to take place very soon, marking almost two-and-a-half months since...

Updated 23 Sep, 2024 07:28am

Middle East

Hezbollah, Israel exchange heavy fire amid fear of widening conflict

BEIRUT/HAIFA, (Israel) Israel and Hezbollah exchanged heavy fire into Sunday, with Israeli warplanes carrying out ...