News Archives for Latest - 2024-10-08

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Archive - 2024-10-08

Europe

UK sanctions Russian troops for chemical weapons use in Ukraine

LONDON: Britain imposed sanctions on Tuesday on Russian troops it said were involved in using chemical weapons on...

Published 08 Oct, 2024 11:13pm

Europe

France, Qatar deliver urgent aid to Lebanon, foreign minister says

PARIS: France and Qatar delivered urgent humanitarian aid to Lebanon on Tuesday, France’s foreign minister said, as...

Published 08 Oct, 2024 11:07pm

Europe

Turkish lawmakers discuss Mideast in closed session after Erdogan’s Israel claim

ANKARA: Turkey’s lawmakers held a closed-door session on Tuesday to discuss the spread of war in the Middle East, a...

Published 08 Oct, 2024 11:00pm

Netanyahu says Israel has ‘taken out’ Nasrallah’s successors

JERUSALEM: Israeli forces have killed the would-be successors of late Hezbollah leader Sayyed Hassan Nasrallah,...

Published 08 Oct, 2024 10:50pm

Money & Banking

SBP increases retail portfolio limit to Rs300mn, enhances SME financing exposure cap

The State Bank of Pakistan (SBP) has increased the regulatory retail portfolio limit from Rs180 million to Rs300...

Updated 08 Oct, 2024 10:41pm

Currency

Rupee remains stable against US dollar

Currency settles at 277.67 against the greenback in inter-bank market

Updated 08 Oct, 2024 10:40pm

Business & Economy

Pakistan to sign agreements worth $2bn with Saudis, PM Shehbaz Sharif says

The Saudi delegation is expected to visit Pakistan before Shanghai Cooperation Organisation meeting

Updated 08 Oct, 2024 10:23pm

Business & Economy

Pakistan will not lose focus on reforms, Aurangzeb tells foreign investors

Federal Minister for Finance Muhammad Aurangzeb assured international investors that the government will not let go...

Updated 08 Oct, 2024 10:23pm

Stocks

KSE-100 closes above 85,000 for first time as oil & gas sector continues to attract attention

The Pakistan Stock Exchange (PSX) continued its record-breaking streak as the benchmark KSE-100 Index crossed the...

Updated 08 Oct, 2024 10:09pm

Energy

Crude prices fall on possible ceasefire in Lebanon

Brent crude futures were down $3.70, or 4.57%, to $77.23 a barrel

Updated 08 Oct, 2024 10:07pm

USA

Hurricane Milton could be Florida’s worst storm in a century: Biden

WASHINGTON: Hurricane Milton, the Category 4 storm headed toward the southeastern United States, could be the worst...

Published 08 Oct, 2024 09:46pm

Stocks

US stocks mostly rise as oil prices pull back

NEW YORK: Wall Street stocks mostly rose early Tuesday as markets sought to pivot from the prior session’s losses...

Published 08 Oct, 2024 09:43pm

Business & Economy

Chinese engineers killed in Karachi terror attack were involved in debt talks with govt: Aurangzeb

Finance minister says these 'brothers of Pakistan' wanted to create 'win-win situation' in terms of reducing power tariffs in the country
Pakistan’s economy incurs losses to the tune of Rs190 billion per day due to strike and strife, Aurangzeb says

Updated 08 Oct, 2024 08:27pm

Watch: Brawl breaks out between treasury and opposition benches in KP Assembly

Published 08 Oct, 2024 07:08pm

Europe

Son of Osama bin Laden deported from France, barred from returning

PARIS: A son of Al Qaeda founder Osama bin Laden has been deported from France, where he lived for years painting...

Published 08 Oct, 2024 07:04pm

Ban on PTM based on concrete evidence, says Tarar

Federal Minister for Information and Broadcasting Attaullah Tarar announced on Tuesday that the government has...

Updated 08 Oct, 2024 06:59pm

Stocks

Most Gulf bourses end higher; Egypt falls

Most stock markets in the Gulf ended higher on Tuesday recovering some of their recent losses triggered by worries...

Published 08 Oct, 2024 06:49pm

England 96-1 after Salman’s century lifts Pakistan to 556

MULTAN: England finished the second day of the first Test in Multan on a solid 96-1 on Tuesday in reply to...

Updated 08 Oct, 2024 06:45pm

Djokovic rolls Cobolli to make Shanghai Masters last 16

SHANGHAI: Novak Djokovic powered through to the last 16 of the Shanghai Masters on Tuesday, steamrolling Italian...

Published 08 Oct, 2024 06:19pm

Duo wins Physics Nobel for ‘foundational’ AI breakthroughs

STOCKHOLM: Geoffrey Hinton, known at the Godfather of AI, and physicist John Hopfield won the Nobel physics prize on...

Published 08 Oct, 2024 06:15pm

Movies & Music

Fawad Khan, Vaani Kapoor commence shooting Bollywood film ‘Abir Gullal’

Production being shot in several locations of United Kingdom

Published 08 Oct, 2024 06:00pm

USA

In Jerusalem, US Senator Graham urges Israel-Saudi normalisation before year end

JERUSALEM: Prominent US Republican Senator Lindsey Graham urged Saudi Arabia and Israel on Tuesday to establish...

Published 08 Oct, 2024 05:49pm

Energy

Dawood Lawrencepur transfers 100% stake in Reon Energy to Juniper International

Dawood Lawrencepur Limited (DLL) has transferred its entire shareholding in Reon Energy Limited (REL) to Juniper...

Updated 08 Oct, 2024 05:49pm

Roadmap for smog mitigation in Punjab (2024-2025)

Punjab Province, home to 127.691 million people and contributing 52.87% of the national population and 54.2%2 of the...

Published 08 Oct, 2024 05:43pm

Chinese engineers killed in Karachi terror attack were involved in debt talks with govt: Aurangzeb

Published 08 Oct, 2024 05:33pm

Middle East

Hezbollah deputy chief says supports Lebanon efforts for ceasefire

BEIRUT: Hezbollah deputy chief Naim Qassem said Tuesday the Lebanese group supported Lebanese efforts for a...

Published 08 Oct, 2024 05:24pm

Commodities

Gold price per tola decreases Rs1,000 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their decline in international rates. In the local market,...

Published 08 Oct, 2024 05:17pm

Stocks

Indian shares snap six-session losing streak; cenbank policy in focus

Indian shares ended higher on Tuesday, as investors bought the dip following a six-session losing run, while...

Published 08 Oct, 2024 04:57pm

Stocks

Sri Lanka shares end flat as healthcare losses offset IT gains

CSE All Share index settled up 0.05% at 12,171.1

Published 08 Oct, 2024 04:55pm

Commodities

Copper hits two-week low as Chinese stimulus disappoints

LONDON: Copper prices fell on Tuesday to their lowest in two weeks, after top metal consumer China failed to...

Published 08 Oct, 2024 04:52pm

Commodities

Palm falls on profit-taking, weaker Chicago soyoil, crude oil

JAKARTA: Malaysian palm oil futures fell on Tuesday on profit-taking, while declines in Chicago soyoil and crude oil...

Published 08 Oct, 2024 04:49pm

Recorder headlines

Published 08 Oct, 2024 04:02pm

Pakistan to sign agreements worth $2 billion with Saudis, PM Shehbaz Sharif says

Published 08 Oct, 2024 03:51pm

MENA

Israeli tanks push deeper into Jabalia in northern Gaza, residents say

CAIRO: Israel sent tanks deeper into Jabalia in the northern Gaza Strip on Tuesday and advised people to leave as it...

Published 08 Oct, 2024 03:17pm

Forex

Russian rouble weakens against China’s yuan ahead of OFAC licence expiry

MOSCOW: The Russian rouble weakened against the Chinese yuan due to concerns about the impact of the expiration of a...

Published 08 Oct, 2024 03:08pm

Forex

Ugandan shilling stable, seen vulnerable after rate cut

KAMPALA: The Ugandan shilling traded stable on Tuesday, but was seen vulnerable after the central bank loosened its...

Published 08 Oct, 2024 03:06pm

MENA

Emirates cancels its flights to and from Iran on Oct. 8

DUBAI: Emirates said on Tuesday that its flights to and from Iran are cancelled on Oct. 8. Emirates halts Iran,...

Published 08 Oct, 2024 03:04pm

Stocks

Miners, luxury sector drag European shares to two-week lows

European stocks dropped to two-weeks lows on Tuesday, as lack of fresh details over China’s stimulus measures...

Published 08 Oct, 2024 03:03pm

Stocks

Major Gulf bourses edge higher, Arabian Mills jump on debut

Most stock markets in the Gulf edged higher in early trade on Tuesday, recovering some of their recent losses...

Published 08 Oct, 2024 03:01pm

Movies & Music

‘Star Wars’, ‘Batman’ and Bond items for sale at Propstore film auction

RICKMANSWORTH, England: From Yoda’s cane to Clint Eastwood’s duster coat in ‘The Good, the Bad and the Ugly’,...

Published 08 Oct, 2024 02:59pm

Europe

UN agencies voice concern about Lebanon food supplies, disease outbreaks

GENEVA: A World Food Programme official voiced concern on Tuesday about Lebanon’s ability to feed itself, saying...

Published 08 Oct, 2024 02:49pm

Europe

Over 1,000 evacuated from Crimea oil terminal fire: mayor

MOSCOW: Over 1,000 residents have been evacuated due to a fire at a large oil terminal in Russian-annexed Crimea, a...

Published 08 Oct, 2024 02:43pm

Stocks

Hong Kong stocks plunge more than 9%, biggest fall in 16 years

HONG KONG: Hong Kong stocks plunged more than nine percent on Tuesday, their biggest fall in 16 years, after China...

Published 08 Oct, 2024 02:41pm

South Asia

Bangladesh’s Yunus says no elections before reforms

DHAKA: Bangladesh’s interim leader has refused to give a timeframe for elections following the ouster of his...

Published 08 Oct, 2024 02:39pm

Gang exploits dormant taxpayer identities to commit Rs81bn fraud

KARACHI: A cybercrime gang, allegedly facilitated by current and former PRAL and FBR officials, has exploited...

Updated 08 Oct, 2024 02:38pm

As Nike struggles, Adidas must surf Samba wave with caution

LONDON: Nike’s ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival,...

Published 08 Oct, 2024 02:11pm

Forex

China’s yuan falls against strong dollar, stocks surge after holiday

SINGAPORE: China’s yuan fell to its lowest level in nearly three weeks as mainland markets opened on Tuesday after a...

Published 08 Oct, 2024 01:44pm

South Asia

India PM Modi’s BJP leads in vote count in Haryana state, TV says

NEW DELHI: Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) moved into the lead in elections in...

Published 08 Oct, 2024 01:41pm

Italy call up uncapped Lucca with Kean out due to back pain

Italy have called up uncapped Undinese striker Lorenzo Lucca ahead of this month’s Nations League fixtures after...

Published 08 Oct, 2024 01:32pm

CPEC power projects: All set to ink $16bn debt re-profiling pacts during Li’s visit

Government of Pakistan (GoP) has proposed debt reprofiling for CPEC projects under a win-win arrangement

Updated 08 Oct, 2024 01:20pm

MENA

Israel-Hezbollah fighting intensifies, Hamas vows to rise again

OCCUPIED JERUSALEM/BEIRUT: Hezbollah fired rockets at Israel’s third-largest city of Haifa and Hamas vowed to rise...

Updated 08 Oct, 2024 01:13pm

Middle East

Iran warns Israel against any attack, threatens stronger retaliation

DUBAI: Iran’s foreign minister warned Israel against launching an attack, saying on Tuesday any strike on Iranian...

Published 08 Oct, 2024 01:13pm

Mutual Funds

Japan’s 30-year bond yield slips after strong auction outcome

TOKYO: Japan’s 30-year government bond yield edged down on Tuesday, as an auction for bonds with the same maturity...

Published 08 Oct, 2024 01:08pm

Commodities

Palm falls on profit-taking, weaker Chicago soyoil, crude oil

JAKARTA: Malaysian palm oil futures fell on Tuesday on profit-taking, while declines in Chicago soyoil and crude oil...

Published 08 Oct, 2024 01:06pm

Mutual Funds

Euro zone bond yields drop after 4-day rising streak

Euro zone government bond yields fell on Tuesday after rising for four straight sessions on the back of a selloff in...

Published 08 Oct, 2024 12:54pm

Vodafone, Google deepen AI ties across Europe, Africa

Britain’s Vodafone said on Tuesday it has deepened its strategic partnership with Alphabet’s Google in a ten-year,...

Published 08 Oct, 2024 12:35pm

Europe

Ukraine’s military says it shot down 18 Russian drones overnight

KYIV: Russia launched two Iskander-M ballistic missiles and 19 drones in an overnight attack, Ukraine’s military...

Published 08 Oct, 2024 12:33pm

MENA

Iran’s foreign minister to visit Saudi Arabia, other countries starting Tuesday: ISNA

DUBAI: Iran’s Foreign Minister Abbas Araqchi will visit Saudi Arabia and other countries in the region starting on...

Published 08 Oct, 2024 12:28pm

Europe

Tragedy of Madrid street sweeper highlights how heatwaves kill

MADRID: Three hours into his shift as a street sweeper in Madrid on a summer afternoon when temperatures went above...

Published 08 Oct, 2024 12:08pm

Samsung third-quarter forecast misses expectations

SEOUL: Samsung Electronics said Tuesday it expected third-quarter profits to jump almost three-fold, but fell short...

Published 08 Oct, 2024 12:02pm

USA

Kamala Harris: ‘Of course’ I’ve fired my Glock

WASHINGTON: Democratic presidential candidate Kamala Harris revealed in an interview broadcast Monday that she owns...

Published 08 Oct, 2024 12:00pm

China holds off on fresh stimulus but ‘confident’ will hit growth target

BEIJING: China said on Tuesday it was “fully confident” of hitting its growth target this year but held off...

Published 08 Oct, 2024 11:57am

South Asia

Record number of climbers chase 14-peak dream in Tibet

KATHMANDU: A record number of climbers are gathered in Tibet to complete mountaineering’s pinnacle achievement,...

Published 08 Oct, 2024 11:54am

Asia

New Japan PM to hold talks on ASEAN sidelines

TOKYO: Japan’s new Prime Minister Shigeru Ishiba will hold talks this week on the sidelines of the ASEAN summit in...

Published 08 Oct, 2024 11:48am

Taiwan’s Foxconn says building world’s largest ‘superchip’ plant

TAIPEI: Taiwanese tech giant Foxconn said Tuesday it was building the world’s largest production facility for US...

Published 08 Oct, 2024 11:46am

USA

Category 5 Hurricane Milton roars towards storm-battered Florida

TREASURE ISLAND: Hurricane Milton exploded in strength Monday to become a potentially catastrophic Category 5 storm...

Published 08 Oct, 2024 11:40am

Jila Mossaed, from refugee poet to Swedish Academy

STOCKHOLM: Jila Mossaed fled Iran for Sweden in 1986, a 38-year-old poet who spoke no Swedish. Three decades later,...

Published 08 Oct, 2024 11:33am

Stocks

Shanghai stocks pare early surge on stimulus worries amid Asia retreat

HONG KONG: Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong tumbled...

Published 08 Oct, 2024 11:14am

Stocks

China markets reopen with a roar after week-long break

SHANGHAI: Chinese shares soared to two-year highs on Tuesday, pushing a blistering rally even further as trade...

Published 08 Oct, 2024 10:40am

Bullion Rate

Gold eases as dollar firms; focus on Fed cues, US data

Gold prices edged lower on Tuesday, pressured by a stronger dollar, while market participants awaited minutes of the...

Published 08 Oct, 2024 10:37am

Mutual Funds

India bond yields fall; FTSE Russell index decision, central bank meet in focus

MUMBAI: Indian government bond yields fell early in the session on Tuesday, amid investor optimism over the...

Published 08 Oct, 2024 10:25am

Forex

Indian rupee to rely on central bank support amid higher US yields, outflows

MUMBAI: The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year US Treasury yields...

Published 08 Oct, 2024 10:22am

Stocks

Australian shares edge lower as banks drag; RBA minutes in focus

Australian shares inched lower on Tuesday, as losses in banks outweighed gains in mining and energy stocks, while...

Published 08 Oct, 2024 10:19am

Stocks

Indian shares set to open flat as Middle East jitters weigh

Indian shares are set to open flat on Tuesday, as caution prevails amid a wider Middle East conflict, while...

Published 08 Oct, 2024 10:16am

Stocks

Japan’s Nikkei falls on Wall Street’s declines, stronger yen

TOKYO: Japan’s Nikkei share average fell on Tuesday and seemed set to snap a three-day winning run, weighed down by...

Published 08 Oct, 2024 10:14am

Forex

Dollar holds on to 7-week highs as traders consider US rates outlook

SINGAPORE: The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook...

Published 08 Oct, 2024 10:08am

Recorder headlines

Published 08 Oct, 2024 10:01am

Hubco likely to follow suit: Four IPPs ink deal to annul pacts early

Government shows willingness to pay previous capacity dues of five IPPs

Updated 08 Oct, 2024 09:29am

CCP grants approval: PSPC acquires 100pc equity stakes in NSPC

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of 100 percent equity shares of...

Updated 08 Oct, 2024 09:27am

Telecom services deteriorate as CMOs meet KPIs partially

ISLAMABAD: Amid deteriorating telecom services in the country, Cellular Mobile Operators (CMOs) partially met key...

Updated 08 Oct, 2024 09:24am

Millat Tractors Limited

Millat Tractors Limited (PSX: MTL) is a public limited company incorporated in Pakistan in 1964. MTL is engaged in...

Published 08 Oct, 2024 08:56am

Ministry seeks proposals from REAP with a view to achieving export target

ISLAMABAD: Commerce Ministry has sought proposals from Rice Exporters Association of Pakistan (REAP) to achieve...

Updated 08 Oct, 2024 09:10am

SHC asks FBR to withdraw recovery notices issued to SOEs

ISLAMABAD: Sindh High Court (SHC) has directed the Federal Board of Revenue (FBR) to withdraw all recovery notices...

Updated 08 Oct, 2024 09:10am

Constitutional violations by judges demand accountability: CJP

ISLAMABAD: Chief Justice Qazi Faez Isa emphasised that judges must be held accountable for decisions that violate...

Updated 08 Oct, 2024 09:09am

Chinese diplomatic mission launches emergency plan

ISLAMABAD/KARACHI: Following the killing of two of its nationals in a terrorist attack in Karachi a day ago, China...

Updated 08 Oct, 2024 09:08am

Cement: No giving up

It’s not just textiles, folks. The cement industry is witnessing an impressive run in expanding its exports to...

Published 08 Oct, 2024 08:58am

Startups funding reviving?

After the boom in venture capital (VC) funding, the local startup scene entered a “funding winter,” with 2023 being...

Published 08 Oct, 2024 09:01am

Working group to be formed to project country’s stance globally

ISLAMABAD: Prime Minister Shehbaz Sharif announced to establish a working group comprising experts and its teams...

Updated 08 Oct, 2024 08:48am

Govt resolves to punish Majeed Brigade

ISLAMABAD: Describing the incident of terrorism near Karachi’s Jinnah International Airport as an attack on...

Updated 08 Oct, 2024 08:47am

The impact of reduced cotton production on rural economies and country’s balance of payments

The basic rule of economics is clear: global demand drives global production, and countries with a comparative...

Updated 08 Oct, 2024 08:40am

Battlefield Islamabad

What was proclaimed by Pakistan Tehreek-i-Insaaf (PTI) leaders as a peaceful march on Islamabad to demand, among...

Updated 08 Oct, 2024 08:37am

BR’s refresher: your morning briefing for the day

Important updates from October 7, 2024

Published 08 Oct, 2024 08:32am

Emerging negative factors

There is an air of general optimism about the economy today. The Extended Fund Facility of $7 billion was approved ...

Updated 08 Oct, 2024 08:11am

World Bank places Pakistan in fourth quintile

EDITORIAL: The World Bank in its recent report titled Business Ready placed Pakistan in the fourth quintile, one up...

Updated 08 Oct, 2024 07:41am

Article 63-A

EDITORIAL: A five-member Supreme Court bench headed by Chief Justice of Pakistan Qazi Faez Isa hearing a petition...

Updated 08 Oct, 2024 07:39am

IK, Gandapur & several others booked

ISLAMABAD: The city police, on Monday, registered another case against Pakistan Tehreek-e-Insaf (PTI) founder Imran...

Published 08 Oct, 2024 07:36am

CTD kills seven alleged terrorists

LAHORE: The Punjab Counter Terrorism Department (CTD) killed seven terrorists of Fitna-ul-Khawarij during an...

Published 08 Oct, 2024 07:33am

Executive and courts bound to follow SC’s orders: CJP

ISLAMABAD: Chief Justice Qazi Faez Isa said the executive and all the courts in Pakistan are bound to follow the...

Published 08 Oct, 2024 07:32am

NAPP revised in consultation with stakeholders: official

ISLAMABAD: Coordinator to the Prime Minister on National Health Services and Regulation, Malik Mukhtar Ahmad, ...

Published 08 Oct, 2024 07:30am

Al-Qadir Trust scam hearing adjourned

ISLAMABAD: The Accountability Court hearing Al-Qadir Trust scam case against Pakistan Tehreek-e-Insaf (PTI) founding...

Published 08 Oct, 2024 07:28am

LCCI chief urges govt, SBP to ensure ‘adequate’ facilitation

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) President has urged the government and State Bank of...

Published 08 Oct, 2024 07:27am

‘100pc door-to-door waste collection will be ensured’: minister

LAHORE: Punjab Local Government Minister Zeeshan Rafiq has said that under the new sanitation model, 100 percent...

Published 08 Oct, 2024 07:25am

‘Palestine Solidarity Day’ marked in Lahore

LAHORE: Like other parts of the country, ‘Palestine Solidarity Day’ was marked on Monday, to raise voice against...

Published 08 Oct, 2024 07:22am

‘Australia, Pakistan should deal with climate change challenge together’

LAHORE: Punjab Governor Sardar Saleem Haider Khan has said that Pakistan wants to collaborate with Australia to...

Published 08 Oct, 2024 07:18am

Portuguese businesspeople urged to invest in Punjab’s tourism sector

LAHORE: Inaugurating the ‘CM Transport Program for Women in Girls Colleges’, Chief Minister Punjab Maryam Nawaz...

Updated 08 Oct, 2024 07:17am

Haris to lead Shaheens in ‘ACC Men’s T20 Emerging Teams Asia Cup’

LAHORE: Mohammad Haris, who has featured in nine T20Is and six ODIs for Pakistan, will lead Pakistan Shaheens in the...

Published 08 Oct, 2024 07:15am

PFA disposes of 3,400 litres of adulterated milk

LAHORE: The Punjab Food Authority (PFA) on Monday disposed of 3,400 litres of fabricated milk and lodged an FIR...

Published 08 Oct, 2024 07:13am

Punjab bans all visits to IK in Adiala Jail until 18th

RAWALPIND: All visits to Pakistan Tehreek-e-Insaf (PTI) founder and former prime minister Imran Khan, including ...

Published 08 Oct, 2024 07:12am

Situation in Islamabad: Pakistan rejects Afghanistan’s stance

ISLAMABAD: Pakistan on Monday rejected the “frivolous statement” from the Ministry of Foreign Affairs of...

Published 08 Oct, 2024 07:08am

Mission to probe smashed asteroid launches despite hurricane

MIAMI: Europe’s Hera probe successfully launched Monday on a mission to inspect the damage done by a NASA...

Published 08 Oct, 2024 07:04am

Arabian Sea: NEOC issues cyclone alert

ISLAMABAD: The National Emergencies Operation Centre (NEOC) has issued an early alert regarding a developing...

Published 08 Oct, 2024 06:59am

Energy

Oil rises 3pc as ME war risk makes investors cautious

NEW YORK: Oil prices rose more than 3% on Monday, with Brent surpassing $80 per barrel for the first time since...

Published 08 Oct, 2024 06:57am

Pope slams ‘shameful’ failure of diplomacy in Mideast

VATICAN CITY: Pope Francis on Monday slammed the “shameful inability” of world powers to end the conflict in the...