News Archives for Latest - 2024-09-25

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Archive - 2024-09-25

Biden’s magnum opus: the US stood and watched as Netanyahu lit Middle East on fire

President Joe Biden’s last address to the 79th session of the United Nations General Assembly (UNGA) in New York on...

Updated 25 Sep, 2024 11:40pm

Netanyahu vows to go all out until Israelis return home

JERUSALEM: Prime Minister Benjamin Netanyahu on Wednesday warned Israel would not stop its military operations...

Published 25 Sep, 2024 11:32pm

Pakistan issues travel advisory for Lebanon

Pakistan Foreign Office on Wednesday warned its citizens against travelling to Lebanon amid its ongoing conflict...

Updated 25 Sep, 2024 11:25pm

Europe

Russian strikes on eastern Ukraine city kill two, wound 19

KRAMATORSK: Russia on Wednesday struck the eastern Ukrainian city of Kramatorsk with guided bombs, killing at least...

Published 25 Sep, 2024 11:22pm

Business & Economy

IMF Executive Board approves Pakistan’s $7bn bailout package: PMO

As part of 37-month programme, IMF will immediately release an initial tranche of $1.1bn, Prime Minister's Office says

Updated 25 Sep, 2024 11:18pm

Companies

Mari Petroleum begins data centre initiative in Karachi

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest E&P companies, has ramped up efforts to...

Updated 25 Sep, 2024 10:54pm

Energy

OGDCL discovers hydrocarbon reserves in Sindh

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

Updated 25 Sep, 2024 10:54pm

Stocks

KSE-100 gains nearly 1% ahead of IMF board meeting

The Pakistan Stock Exchange (PSX) witnessed a bullish session on Wednesday as the benchmark KSE-100 Index closed...

Updated 25 Sep, 2024 10:54pm

Middle East

At least 51 killed in fresh Israeli strikes on Lebanon, minister says

Hundreds of thousands of Lebanese have fled their homes and hospitals have filled with wounded since intensification of Israeli bombing

Updated 25 Sep, 2024 10:53pm

Business & Economy

IMF-backed reform agenda to accelerate Pakistan’s economic growth in FY25: ADB

In its Asian Development Outlook, Manila-based lender sees Pakistan's growth to grow by moderate 2.8% in FY25

Updated 25 Sep, 2024 10:52pm

Energy

Oil falls despite China’s stimulus plan; US crude stocks draw limits losses

NEW YORK: Oil prices edged lower on Wednesday as investors reassessed whether China’s latest stimulus plans will be...

Updated 25 Sep, 2024 09:23pm

Middle East

Israel army chief tells troops to be ready for ‘possible entry’ into Lebanon

OCCUPIED JERUSALEM: Israel’s army chief told troops on Wednesday to be prepared for a “possible entry” into Lebanon...

Published 25 Sep, 2024 09:22pm

Stocks

Wall Street mixed as investors await Fed rate clues, data

Wall Street’s main indexes were mixed on Wednesday, with the S&P 500 hovering near record highs, as investors...

Published 25 Sep, 2024 07:47pm

PM Shehbaz urges UN chief for implementation of UNSC Kashmir resolutions

Prime Minister Shehbaz Sharif on Wednesday urged the UN Secretary-General Antonio Guterres to use his offices for...

Published 25 Sep, 2024 07:42pm

Movies & Music

In election, Hollywood is about cash not endorsements

LOS ANGELES, United States: Stars from Taylor Swift to George Clooney are flocking to endorse Kamala Harris, but...

Published 25 Sep, 2024 07:40pm

South Asia

Afghanistan wants to join BRICS, says Taliban govt

KABUL: Afghanistan’s Taliban government is keen to join the BRICS economic forum, a spokesman said on Tuesday ahead...

Published 25 Sep, 2024 07:33pm

Luxury

Dior’s arrows and Amazons as Saint Laurent revives its master

PARIS: Dior gave Paris Fashion Week a shot of Olympic adrenaline on Tuesday with a troop of athletic Amazons...

Published 25 Sep, 2024 07:28pm

South Asia

Sri Lanka to begin talks with IMF to take forward $2.9bn bailout, president says

COLOMBO: Sri Lanka’s new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations...

Published 25 Sep, 2024 07:27pm

Industry

Indus Motor temporarily halts production citing material shortage

Indus Motor Company (INDU) has announced the shutdown of its plant for five days citing low inventory and a shortage...

Updated 25 Sep, 2024 07:05pm

Stocks

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

Most stock markets in the Gulf ended higher on Wednesday, building on gains led by interest rate cuts last week...

Published 25 Sep, 2024 06:58pm

Currency

Rupee largely stable against US dollar

Currency settles at 277.85 against greenback in inter-bank market

Updated 25 Sep, 2024 06:52pm

Stocks

‘Employees part ways’: Siemens Pakistan announces ‘Rs556mn strategic transformation’

Siemens (Pakistan) Engineering (SIEM) announced that it is transforming one of its operational segments within the...

Updated 25 Sep, 2024 06:51pm

Jacks says new-look England need time to master ODIs

LONDON: Will Jacks says England’s new-look one-day side need time to get to grips with a format they rarely play...

Published 25 Sep, 2024 06:03pm

USA

US to waive visas for Qatar, in first for Arab country

WASHINGTON: The United States said Tuesday it will waive visa requirements for citizens of Qatar, making the close...

Published 25 Sep, 2024 06:00pm

Stocks

Energy, financials power Sri Lanka shares to best day in over a year

CSE All Share index settled up 2.87% - its biggest one-day gain since July 4, 2023 - at 11,659.7.

Published 25 Sep, 2024 05:49pm

PM Shehbaz, Crown Prince of Kuwait discuss bilateral ties

Pakistan and Kuwait have affirmed that they will work closely together on bilateral and regional issues of shared...

Published 25 Sep, 2024 05:34pm

Naomi Osaka wants ‘no regrets’ after hiring Serena’s former coach

BEIJING: Four-time major champion Naomi Osaka said on Wednesday she “didn’t want to have regrets” after confirming...

Published 25 Sep, 2024 05:12pm

New Zealand aim to bounce back after first Test defeat

GALLE: New Zealand must adapt to the tricky Galle surface if they are to avenge their hard-fought Test loss to Sri...

Published 25 Sep, 2024 05:09pm

South Asia

Iran’s Khamenei says killing commanders cannot stop Hezbollah

TEHRAN: Iran’s supreme leader Ayatollah Ali Khamenei said Wednesday that Israel’s killing of top Hezbollah...

Updated 25 Sep, 2024 04:54pm

South Asia

Bangladesh Hasina’s son wants role for her party in reforms, election

NEW DELHI: The son of Bangladesh’s ousted prime minister, Sheikh Hasina, said he was happy with the army chief’s...

Updated 25 Sep, 2024 04:54pm

Stocks

Indian shares hit all-time highs for fifth consecutive session

BENGALURU: Indian shares hit lifetime highs for the fifth straight session on Wednesday, buoyed by gains in...

Published 25 Sep, 2024 04:53pm

Commodities

Copper retreats after touching 10-week high

LONDON: Copper prices pulled back from 10-week highs on Wednesday on a stronger dollar and some profit-taking which...

Published 25 Sep, 2024 04:48pm

Commodities

Palm oil rises for 6th session, closes at highest level in nearly 3 months

KUALA LUMPUR: Malaysian palm oil futures extended gains to a sixth straight session on Wednesday, closing at their...

Published 25 Sep, 2024 04:42pm

Industry

Pakistan pharma industry needs collaboration, consolidation: Dr Mehmood Khan

Dr Mehmood Khan, CEO of Hevolution Foundation, a non-profit organisation based in Riyadh, on Wednesday stressed the...

Published 25 Sep, 2024 03:30pm

Europe

Kremlin calls Zelenskiy plan to force Russia into peace a fatal mistake

MOSCOW: The Kremlin on Wednesday called a plan by Ukrainian President Volodymyr Zelenskiy to force Russia to make...

Published 25 Sep, 2024 03:24pm

MENA

Lebanon says three killed in Israeli strike on village north of Beirut

BEIRUT: Lebanon said three people were killed after Israel struck a village north of Beirut on Wednesday – hit for...

Published 25 Sep, 2024 03:14pm

Shakib Al Hasan available for second India Test, says Bangladesh coach

KANPUR: Star Bangladesh all-rounder Shakib Al Hasan has no injury concerns and remains in line to play the second...

Published 25 Sep, 2024 03:01pm

Movies & Music

‘Titanic’ director James Cameron joins Stability AI board

Stability AI said on Tuesday James Cameron, the director of ‘Titanic’ and ‘The Terminator’ movies, had joined the...

Published 25 Sep, 2024 02:59pm

Arts

British Museum explores ‘Silk Roads’ trade routes in new exhibition

LONDO: A new exhibition exploring the vast network of the Silk Road trade routes opens at the British Museum in...

Published 25 Sep, 2024 02:52pm

Europe

Ukraine says it downed 28 drones, four missiles during Russian overnight attack

KYIV: The Ukrainian air force said on Wednesday it shot down 28 out of 32 drones and four out of eight missiles...

Published 25 Sep, 2024 02:28pm

Bullion Rate

Another record high: gold prices in Pakistan hit Rs275,500 per tola

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

Published 25 Sep, 2024 02:23pm

At least 12 including cops injured in Quetta blast targeting police van

At least 12 people, including two cops, were injured on Wednesday in a blast that targeted a police van in Quetta,...

Updated 25 Sep, 2024 01:51pm

Mutual Funds

Japan’s 10-year bond yield hits over 7-week low as rate-hike prospects fade

TOKYO: Japan’s 10-year government bond yield hit a more than seven-week low on Wednesday, as prospects faded for...

Published 25 Sep, 2024 01:04pm

Mutual Funds

Euro zone bond yields hold steady after two-day slide

LONDON: Euro zone bond yields were little changed on Wednesday after falling during the two previous sessions as...

Published 25 Sep, 2024 12:59pm

Stocks

European shares slip as China-fuelled rally loses steam

European shares opened lower on Wednesday as a rally sparked by China’s stimulus package lost steam, while falls in...

Published 25 Sep, 2024 12:57pm

Stocks

London stocks fall as China stimulus boost fades

UK shares slipped on Wednesday, retracing gains from the previous session, as investors questioned whether the...

Published 25 Sep, 2024 12:47pm

Kylian Mbappe strikes again as Madrid hold off Alaves

MADRID: Kylian Mbappe struck for the fourth consecutive game as Real Madrid survived a late scare to beat Alaves 3-2...

Published 25 Sep, 2024 12:38pm

USA

Emmanuel Macron meets new Iranian president amid Lebanon crisis

UNITED NATIONS: French President Emmanuel Macron on Tuesday met with Iran’s new president, Masoud Pezeshkian, as...

Published 25 Sep, 2024 12:35pm

Asia

FM Wang Yi says China pledges ‘support’ for Iran

BEIJING: China’s top diplomat Wang Yi pledged to support Iran in safeguarding its security against “external forces”...

Published 25 Sep, 2024 12:25pm

Julian Assange to give first public address since prison release

SYDNEY: Controversial WikiLeaks founder Julian Assange plans to break his post-prison silence in an address to the...

Published 25 Sep, 2024 12:22pm

Stocks

Asian markets boosted again after another Chinese rate cut

HONG KONG: Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day...

Published 25 Sep, 2024 12:17pm

MENA

Hezbollah says fired ballistic missile targeting Mossad HQ near Tel Aviv

BEIRUT: Hezbollah said Wednesday it had fired a ballistic missile targeting Israeli spy agency Mossad’s headquarters...

Updated 25 Sep, 2024 12:15pm

Commitment with IMF: CPPs: Gas disconnection process begins

ISLAMABAD: The country’s both gas utility companies are said to have started the process to disconnect gas to...

Updated 25 Sep, 2024 12:12pm

Aurangzeb says IMF deal will sail through

LAHORE: Federal Finance Minister Muhammad Aurangzeb was hopeful that the International Monetary Fund (IMF) would...

Updated 25 Sep, 2024 12:11pm

South Asia

Driven out of Iran, Afghan refugees tell of ordeal

ISLAM QALA: At the border with Iran, streams of Afghan refugees return with children in their arms, their entire...

Published 25 Sep, 2024 12:10pm

IT minister claims Dr Umar sabotaged deal with Paypal

ISLAMABAD: Minister of State for IT and Telecom Shaza Fatima Khawaja accused former caretaker federal minister Dr...

Updated 25 Sep, 2024 11:59am

Asia

Ninth body recovered in flood-hit Japan region

TOKYO: Rescuers on Wednesday recovered the body of a ninth victim of severe floods which battered parts of central...

Published 25 Sep, 2024 11:58am

$7bn IMF EFF: Board likely to do the needful

Is all set to consider Pakistan’s 37-month Extended Fund Facility Arrangement today

Updated 25 Sep, 2024 11:49am

Man City’s Rodri out ‘for a long time’, says boss Guardiola

Manchester City midfielder Rodri will be out for a “long time”, manager Pep Guardiola said on Tuesday, while the...

Published 25 Sep, 2024 11:39am

Europe

Russia’s Sergei Lavrov says UN turns blind eye to Kursk incursion by Ukraine

Russian Foreign Minister Sergei Lavrov said the UN was turning a blind eye to excesses committed by Ukrainian forces...

Published 25 Sep, 2024 11:36am

Stocks

Australian shares edge higher as commodity stocks surge; inflation data in focus

Australian shares inched higher on Wednesday after a two-session slide, as gains in commodity stocks after China’s...

Published 25 Sep, 2024 11:32am

Forex

Indian rupee to resume rise on yuan-led Asia rally, Fed outlook

MUMBAI: The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the...

Published 25 Sep, 2024 11:28am

Commodities

Soybeans ease on forecast of improved South American weather

SINGAPORE: Chicago soybean futures slid on Wednesday for the first time in three sessions, as an outlook for...

Published 25 Sep, 2024 11:25am

Don’t let the industry use free trade as a ruse!

Come late, come safe. Following a clarion call by the IMF to liberalize Pakistan’s farm commodity markets and remove...

Updated 25 Sep, 2024 11:23am

Europe

Climate change doubles chance of floods like those in Central Europe, report says

WARSAW: Climate change has made downpours like the one that caused devastating floods in central Europe this month...

Published 25 Sep, 2024 11:22am

Commodities

Palm rises for sixth session on Dalian oils’ strength

KUALA LUMPUR: Malaysian palm oil futures rose for a sixth straight session on Wednesday despite a stronger ringgit,...

Published 25 Sep, 2024 11:20am

Stocks

South Korean shares flat as financials counter gains in chipmakers

KOSPI was down 2.27 points, or 0.09%

Published 25 Sep, 2024 11:18am

USA

Trump briefed on alleged assassination threats by Iran, his campaign says

Republican presidential candidate Donald Trump was briefed on Tuesday by US intelligence officials on alleged...

Published 25 Sep, 2024 11:15am

Energy

Kuwait’s Al Zour closes low sulphur fuel oil sales tender for Oct-Dec

SINGAPORE: Kuwait Petroleum Corporation (KPC) has closed a term tender offering low sulphur fuel oil from its Al...

Published 25 Sep, 2024 10:59am

Commodities

Iron ore soars on China stimulus, lower global supply

SINGAPORE: Iron ore futures prices surged on Wednesday, as a fresh batch of policy easing measures from top consumer...

Published 25 Sep, 2024 10:57am

Forex

Malaysian ringgit hits more than 3-year high on China stimulus, leads Asian FX rally

Asian currencies rallied on Wednesday, with the Malaysia ringgit hitting a more than three-year high as China’s...

Published 25 Sep, 2024 10:51am

Commodities

Thailand tenders for about 195,000 T feed wheat, traders say

HAMBURG: A group of importers in Thailand has issued an international tender to purchase an estimated 195,000 metric...

Published 25 Sep, 2024 10:46am

Commodities

Copper extends rally to over two-month highs on China stimulus

BEIJING: Copper prices continued to rally on Wednesday, hitting more than two-month highs amid upbeat sentiment...

Published 25 Sep, 2024 10:32am

Bullion Rate

Gold jumps to record high on rate bets, weaker US dollar

Gold scaled another high on Wednesday, boosted by a softer US dollar and hopes of more interest rate cuts, while...

Published 25 Sep, 2024 10:30am

Asia

Trash balloons sent by North Korea cause regular disruptions at Seoul’s airports

SEOUL: South Korea has been forced to repeatedly shut down runways at the two main airports for the capital Seoul...

Published 25 Sep, 2024 10:28am

Carlos Alcaraz joins Sinner, Zverev in ATP Finals field

Carlos Alcaraz has secured his place in the season-ending ATP Finals to be held in Turin in November, joining world...

Published 25 Sep, 2024 10:23am

Forex

China’s yuan briefly crosses key 7 per dollar as market cheers stimulus

SHANGHAI: China’s yuan rose to a fresh 16-month high on Wednesday and briefly crossed the key 7-per-dollar level...

Published 25 Sep, 2024 10:19am

Stocks

China, Hong Kong stocks jump as aggressive stimulus boosts sentiment

HONG KONG: China and Hong Kong stocks rallied broadly for a second day on Wednesday as investors basked in the...

Published 25 Sep, 2024 10:14am

Shadow of Abenomics clouds BOJ’s rate hike path

TOKYO: Political uncertainty and the surprise prominence of a reflationist-minded candidate in Japan’s ruling party...

Published 25 Sep, 2024 10:12am

England test captain Stokes open to white-ball return under McCullum

England test captain Ben Stokes said he would be willing to return to the white-ball setup under new coach Brendon...

Published 25 Sep, 2024 10:08am

Stocks

Japan’s Nikkei ekes out gains in choppy trade

TOKYO: Japan’s Nikkei share average edged up in choppy trade on Wednesday, buoyed by Wall Street strength overnight,...

Published 25 Sep, 2024 10:05am

Mutual Funds

India benchmark bond yield eases below 6.75% on new Fed cut, lower supply bets

MUMBAI: Indian government bond yields trended lower early on Wednesday as bets of another large rate cut from the US...

Published 25 Sep, 2024 10:04am

Stocks

Indian shares likely to open little changed

BENGALURU: Indian shares are set to open flat on Wednesday after hitting record highs for four sessions, as traders...

Published 25 Sep, 2024 10:02am

Forex

Australia, New Zealand dollars scale fresh highs on China boost

SINGAPORE: The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while the yuan hit its...

Published 25 Sep, 2024 09:59am

‘FASTER’ system: Exporters allowed to enjoy speedy refund payment facility from Oct

ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has allowed the facility of speedy sales tax...

Updated 25 Sep, 2024 09:25am

Book building starts today: BF Biosciences seeking to expand key product lines

KARACHI: BF Biosciences IPO’s book building phase will be held on 25th and 26th September where high net worth...

Updated 25 Sep, 2024 09:24am

Strategy aimed at re-appropriation, more allocation of funds notified

ISLAMABAD: No supplementary grant for any additional unbudgeted spending over the parliamentary approved level shall...

Updated 25 Sep, 2024 09:23am

National Electric Vehicle policy expected in one month

ISLAMABAD: The Steering Committee on Electric Vehicles (EV) has decided to finalise the National Electric Vehicle...

Updated 25 Sep, 2024 09:14am

Panetta terms Israel’s pager explosion operation ‘terrorism’

NEW YORK: Former CIA director Leon Panetta labeled Israel’s pager operation as “terrorism” in an interview with CBS...

Updated 25 Sep, 2024 09:01am

Bordering areas of KP: COAS reviews security, uplift initiatives

ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir visited Wana, South Waziristan District, where he...

Updated 25 Sep, 2024 09:00am

PM attends session of UNGA

NEW YORK: Prime Minister Shehbaz Sharif reached the 79th United Nations General Assembly (UNGA) in New York on...

Updated 25 Sep, 2024 08:59am

US termed biggest trading partner of country

ISLAMABAD: Senate Standing Committee on Commerce has been apprised that the USA is the biggest trading partner of...

Updated 25 Sep, 2024 08:59am

BR’s refresher: your morning briefing for the day

Important updates from September 24, 2024

Published 25 Sep, 2024 08:58am

LSM: Slow revival starts

The fiscal year FY25 started on a positive note for Large Scale Manufacturing as the index for July2024 registered a...

Published 25 Sep, 2024 08:56am

Pace (Pakistan) Limited

Pace (Pakistan) Limited (PSX: PACE) is a public limited company incorporated in Pakistan. The company began its...

Published 25 Sep, 2024 08:52am

Taxes

Import of ‘High Pressure Washer’ to attract zero percent customs duty

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) declared that zero percent...

Published 25 Sep, 2024 08:51am

Letters

‘Trump or Harris: no respite for Palestine’

This is apropos a letter to the Editor by this writer carried by the newspaper yesterday. In my view, the fate of...

Updated 25 Sep, 2024 07:37am

Bilawal underscores need for judicial reforms

KARACHI: Pakistan Peoples Party (PPP) Chairman and former foreign minister Bilawal Bhutto Zardari has vowed to...

Updated 25 Sep, 2024 07:30am

Industry

SCCI elections: tough contest in sight

PESHAWAR: There is all set to hold the Sarhad Chamber of Commerce and Industry (SCCI) election for 2024-26. Polling...

Published 25 Sep, 2024 07:22am

Taxes

SRB seals popular eatery for ‘tax evasion’

KARACHI: The Sindh Revenue Board (SRB) has taken decisive action against a popular eatery in Karachi’s upscale...

Published 25 Sep, 2024 07:21am

Ministries asked to conceive, plan projects within allocated budgets

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that the project...

Published 25 Sep, 2024 07:13am

Taxes

Exemption of local scrap from sales tax: Delay in implementation causing over Rs 5bn revenue loss per month

ISLAMABAD: The delay in implementation of a key budgetary measure (2024-25) to exempt local scrap from sales tax has...