News Archives for Latest - 2024-10-14

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Archive - 2024-10-14

Energy

PPL begins oil & gas production from Punjab

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, announced commencement of hydrocarbon production...

Updated 15 Oct, 2024 12:02am

Stocks

KSE-100 closes marginally lower on late-session selling

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index opened on a higher note on Monday, adding more than 600...

Updated 15 Oct, 2024 12:00am

Companies

Siemens Pakistan to sell energy portfolio to Siemens Gamesa for Rs17.8bn

The Board of Directors (BoD) of Siemens (Pakistan) Engineering Co.Ltd (SIEM), an engineering conglomerate and...

Updated 14 Oct, 2024 11:58pm

Business & Economy

Pakistan, China agree to further enhance bilateral cooperation in multiple sectors

Two sides sign 13 accords to strengthen multiple cooperation
Inaugurate Gwadar International Airport

Updated 14 Oct, 2024 11:54pm

Business & Economy

PM Shehbaz assures Premier Li of ‘unwavering commitment’ to safety of Chinese nationals in Pakistan

Both sides agree to continue high-level contacts, which include strengthening cooperation in all bilateral areas, PMO says

Published 14 Oct, 2024 11:48pm

Trump’s ‘enemy from within’ talk takes disturbing new turn

WASHINGTON: Donald Trump has long openly admired the world’s dictators and three weeks before the US presidential...

Published 14 Oct, 2024 11:04pm

South Asia

India expels Canadian diplomats, withdraws envoy to Ottawa: foreign ministry

NEW DELHI/MONTREAL: India said on Monday it was expelling six top Canadian diplomats after withdrawing its own envoy...

Updated 14 Oct, 2024 11:00pm

SCO summit: Chinese Premier Li Qiang arrives in Pakistan

Will also discuss China-Pakistan Economic Corridor project with PM Shehbaz

Updated 14 Oct, 2024 10:20pm

Women’s T20 World Cup: New Zealand blaze to semis with massive win over Pakistan

New Zealand defeated Pakistan by 54 runs to knock them out of the semifinal race at the Dubai International Stadium...

Published 14 Oct, 2024 10:20pm

Business & Economy

ADB appoints Xiaoqin Fan as new country director for Pakistan

The Asian Development Bank (ADB) appointed Xiaoqin (Emma) Fan as its new country director for Pakistan on Monday....

Updated 14 Oct, 2024 09:56pm

Currency

Rupee remains largely stable against US dollar

Currency settles at 277.66 against the greenback in inter-bank market

Updated 14 Oct, 2024 09:52pm

Companies

India’s Reliance profits drop on weak oil-to-chemicals arm

MUMBAI: Indian conglomerate Reliance Industries reported a drop in quarterly profits on Monday, weighed down by its...

Published 14 Oct, 2024 09:19pm

Middle East

At least 18 killed in Israeli strike on northern Lebanon, tensions high with UN forces

JERUSALEM/DUBAI: Israel expanded its targets in its aggression in Lebanon on Monday, killing at least 18 people in...

Updated 14 Oct, 2024 09:18pm

Stocks

S&P 500 hits record high on chip stocks; corporate results, key data in focus

The S&P 500 and Nasdaq rose on Monday, with the benchmark index touching an intraday record high as investors...

Published 14 Oct, 2024 08:42pm

Energy

Oil falls 2% as OPEC cuts oil demand growth view, China concerns

HOUSTON: Oil prices declined about 2% on Monday, wiping out all of last week’s gains, as OPEC’s lowering of its 2024...

Updated 14 Oct, 2024 08:35pm

MENA

China tells Israel ‘humanitarian disasters’ in Gaza must end: state media

BEIJING: Chinese Foreign Minister Wang Yi on Monday told his Israeli counterpart that “humanitarian disasters” in...

Published 14 Oct, 2024 07:55pm

PCB refutes rumours about third Test shifting out of Rawalpindi

Pakistan Cricket Board (PCB) on Monday refuted rumours about the third Test match between Pakistan and England being...

Published 14 Oct, 2024 07:54pm

GITEX perfect opportunity for Pakistan to boost exports: Ambassador to UAE Faisal Tirmizi

Pakistan has been declared as a tech destination at GITEX, a great source of pride for the nation, said Pakistan...

Published 14 Oct, 2024 07:19pm

Companies

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts,...

Published 14 Oct, 2024 07:15pm

Europe

UK sanctions Iranian military figures following attack on Israel

LONDON: Britain has imposed sanctions against Iranian individuals and organisations after Iran’s attack on Israel on...

Published 14 Oct, 2024 07:10pm

Nobel economics prize goes to researchers of prosperity

STOCKHOLM: US-based academics Daron Acemoglu, Simon Johnson and James Robinson won the 2024 Nobel economics prize...

Updated 14 Oct, 2024 06:53pm

Stocks

Gulf markets end mixed on regional conflict, ahead of earnings

Stock markets in the Gulf ended mixed on Monday ahead of third-quarter earnings and with the region still on high...

Published 14 Oct, 2024 06:46pm

Stocks

IT, banks boost Indian shares; domestic inflation data eyed

Indian information technology (IT) and bank stocks lifted domestic shares on Monday, while investors awaited the...

Published 14 Oct, 2024 06:40pm

Stocks

Sri Lankan shares end lower as energy stocks slip

CSE All Share index settled down 0.39% at 12,246.22 points

Published 14 Oct, 2024 06:38pm

Commodities

Copper prices hit by scant details on China stimulus

LONDON: Copper prices dropped on Monday due to a lack of detail on China’s stimulus plans, deflationary pressures in...

Published 14 Oct, 2024 06:35pm

Europe

Father accused of girl’s murder confessed to UK police, jurors told

LONDON: The father of Sara Sharif, a 10-year-old girl who was found dead in her home in Britain, told police “I beat...

Published 14 Oct, 2024 06:32pm

Commodities

Palm erases early gains; speculative buying, short covering caps losses

KUALA LUMPUR: Malaysian palm oil futures reversed early gains to close lower on Monday, as the contract tracked...

Published 14 Oct, 2024 06:27pm

Money & Banking

World Bank says 26 poorest nations in worst financial shape since 2006

WASHINGTON: The world’s 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than...

Published 14 Oct, 2024 06:24pm

Chinese PM’s visit to Pakistan: Premier Li Qiang meets COAS Asim Munir

Published 14 Oct, 2024 06:08pm

Europe

Three dead in Russian attacks on south Ukraine

KYIV: Russian shelling and drone attacks killed three people and wounded eight others in southern Ukraine on Monday,...

Published 14 Oct, 2024 05:50pm

South Asia

India’s capital bans fireworks to curb air pollution

NEW DELHI: India’s capital New Delhi ordered Monday a “complete ban” on fireworks in a bid to curb air pollution in...

Published 14 Oct, 2024 05:48pm

Kamran Ghulam replaces Babar in Pakistan’s playing XI for second Test

Pakistan have announced their playing XI for the second Test match against England scheduled to begin on October 15...

Published 14 Oct, 2024 05:25pm

Middle East

Iran says ‘no grounds’ for indirect talks with US

TEHRAN: Iran said Monday it currently sees “no grounds” for its indirect talks with the United States via...

Published 14 Oct, 2024 05:12pm

Chinese Premier Li Qiang presented guard of honour at PM House in Pakistan

Published 14 Oct, 2024 04:44pm

MENA

Hezbollah drone strike kills four, wounds dozens at Israeli base

BEIRUT: Israel’s military said a Hezbollah drone killed four soldiers at one of its northern bases on Sunday, as it...

Updated 14 Oct, 2024 04:43pm

Stocks

Engro Fertilizers’ earnings stand at Rs8.6bn in 3QCY24, down 11% YoY

Engro Fertilizers Limited (EFERT), a wholly-owned subsidiary of Engro Corporation Limited, posted a profit after tax...

Published 14 Oct, 2024 04:17pm

Recorder headlines

Published 14 Oct, 2024 03:59pm

Middle East

Israel steps up military pressure in north Gaza amid fears of siege and displacement

CAIRO: Palestinian medics said on Monday that at least 10 people were killed and 30 injured by Israeli tank shells...

Updated 14 Oct, 2024 03:27pm

South Asia

India says envoy to Canada a ‘person of interest’ in investigation

NEW DELHI: India’s ambassador to Canada and other Indian diplomats there are “persons of interest” in a matter...

Published 14 Oct, 2024 03:22pm

Complaints against bureaucracy: cell made to facilitate NAB

ISLAMABAD: The Establishment Division (ED) has set up an Accountability Facilitation Cell (AFC) to facilitate...

Updated 14 Oct, 2024 03:18pm

Govt decides to divide NTDC into two entities

ISLAMABAD: Acknowledging ‘extreme incompetence’ in National Transmission and Despatch Company (NTDC), the federal...

Updated 14 Oct, 2024 03:18pm

Govt stops payments to 18 IPPs ahead of negotiations?

ISLAMABAD: The government is said to have stopped payments to 18 Independent Power Producers (IPPs) of 4,267-MW...

Updated 14 Oct, 2024 03:17pm

Forex reserves will touch $11bn in two weeks: Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb said Sunday that the country’s economy is moving towards positive...

Updated 14 Oct, 2024 03:17pm

Govt may collect Rs300bn from agri tax

FBR asks provinces to adopt federal schedule of income tax for collection of agricultural income tax

Updated 14 Oct, 2024 03:17pm

Europe

EU nations took too long to condemn Israel’s attacks on UNIFIL: EU’s Borrell

LUXEMBOURG: The European Union’s member states have taken too long to condemn Israel’s attacks on UNIFIL soldiers in...

Published 14 Oct, 2024 03:12pm

Mutual Funds

Euro zone bond yields dip as traders look to ECB decision

LONDON: Euro zone bond yields fell slightly on Monday after climbing the previous week, as investors looked ahead to...

Published 14 Oct, 2024 03:07pm

Forex

South African rand weakens, local data to have little influence

JOHANNESBURG: The South African rand softened in early trade on Monday, and with few major domestic data points this...

Published 14 Oct, 2024 02:58pm

Stocks

London stocks flat ahead of data-packed week; bookmakers fall

The UK’s main stock indexes opened largely flat on Monday as investors await a set of crucial economic data this...

Published 14 Oct, 2024 02:55pm

Stocks

Major Gulf markets mixed in early trade

Major stock markets in the Gulf were mixed in early trade on Monday as geopolitical tensions rose in the region and...

Published 14 Oct, 2024 02:49pm

Commodities

China Sept soybean imports surge 59% y/y

BEIJING: China imported 11.37 million metric tons of soybeans in September, customs data showed on Monday, rising...

Published 14 Oct, 2024 02:46pm

England captain Stokes returns for second Pakistan Test

England captain Ben Stokes will return to the side for the second Test against Pakistan after missing the last four...

Published 14 Oct, 2024 02:43pm

Stocks

European stocks flat as China stimulus update underwhelms

European stocks were little changed on Monday after China’s stimulus plans failed to inspire confidence among...

Published 14 Oct, 2024 02:39pm

Europe

UN refugee chief tells countries to drop ineffective border controls

GENEVA: The head of the UN refugee agency on Monday urged countries to drop measures to block refugees and migrants...

Published 14 Oct, 2024 02:35pm

Energy

China oil imports fall from a year ago for a fifth month in Sept

SINGAPORE: China’s oil imports fell in September by 0.6% from a year earlier, data showed on Monday, as plants...

Published 14 Oct, 2024 02:29pm

Financial

Gold price per tola increases Rs200 in Pakistan

Gold prices in Pakistan surged on Monday in line with their increase in international rates. In the local market,...

Published 14 Oct, 2024 01:52pm

Europe

Russia says more than 30,000 evacuated from areas bordering Ukraine

Some 30,415 people including nearly 8,000 children have been evacuated from areas bordering Ukraine due to shelling...

Updated 14 Oct, 2024 01:52pm

SCO summit: Chinese Premier Li Qiang arrives in Pakistan

Published 14 Oct, 2024 01:15pm

Forex

Australia, NZ dollars under pressure as China’s fiscal stimulus disappoints

SYDNEY: The Australian and New Zealand dollars fell on Monday after Beijing’s fiscal stimulus briefing lacked...

Published 14 Oct, 2024 12:56pm

Forex

China’s yuan eases, markets wait on detailed fiscal measures

SHANGHAI: China’s yuan weakened against the dollar on Monday, weighed down by persistent deflationary pressure,...

Published 14 Oct, 2024 12:47pm

Stocks

China stocks rally slows as stimulus vows lack detail

SHANGHAI/SINGAPORE: China’s stock markets pressed ahead in volatile trade on Monday as stimulus promises lifted...

Published 14 Oct, 2024 12:40pm

Mutual Funds

India bond yields dip as central bank cuts debt sale, govt to buyback bonds

MUMBAI: Indian government bond yields declined in the early trade on Monday after the central bank trimmed its debt...

Published 14 Oct, 2024 12:35pm

Forex

Asian currencies subdued, stocks gain; regional central bank decisions awaited

Asian stock markets rose on Monday and currencies declined as investors assessed China’s underwhelming stimulus...

Published 14 Oct, 2024 12:32pm

Mutual Funds

Philippines fully awards $348.5mn T-bill offer

MANILA: Following are the results of the Philippine Bureau of the Treasury’s (BTr) auction of T-bills on Monday:...

Published 14 Oct, 2024 12:22pm

Forex

Indian rupee dips to lifetime low on dollar bids by foreign banks

MUMBAI: The Indian rupee dropped to an all-time low on Monday, weighed down by persistent dollar demand from foreign...

Published 14 Oct, 2024 12:20pm

Stocks

Australian shares hit two-week high on miners, banks boost

Australian shares hit a two-week high on Monday, driven by gains in miners and banks, while a positive start to the...

Published 14 Oct, 2024 12:16pm

Stocks

Financials, L&T lift Indian shares; domestic inflation data eyed

Indian shares rose on Monday, led by heavyweight financials and Larsen and Toubro (L&T), while investors awaited...

Published 14 Oct, 2024 12:14pm

Europe

UK’s Lammy says attending EU summit is part of UK’s ‘reset’ with EU

LUXEMBOURG: British Foreign Minister David Lammy said on Monday that his decision to attend a European Union foreign...

Published 14 Oct, 2024 12:11pm

Europe

WHO approves Bavarian Nordic’s mpox vaccine for adolescents

The World Health Organization said on Monday it had approved Bavarian Nordic’s mpox vaccine for adolescents aged 12...

Published 14 Oct, 2024 12:09pm

Forex

Kenyan shilling stable versus dollar, LSEG data shows

NAIROBI: The Kenyan shilling was stable against the dollar on Monday, data from the London Stock Exchange Group...

Published 14 Oct, 2024 12:07pm

Commodities

Palm oil rises on speculative buying, short covering

KUALA LUMPUR: Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short...

Published 14 Oct, 2024 12:06pm

Nick Kyrgios vows to ‘shut up’ doubters with December comeback

SYDNEY: Fiery Australian Nick Kyrgios plans to make a comeback at Abu Dhabi in December with his goal to win a Grand...

Published 14 Oct, 2024 11:40am

New Zealand’s Latham promises ‘no fear’ as he takes charge for India Tests

BENGALURU: New captain Tom Latham is promising a “no-fear” approach as he takes charge of New Zealand for the first...

Published 14 Oct, 2024 11:38am

Pat Cummins back, Marsh and Head out of Pakistan ODI series

SYDNEY: Mitchell Marsh and Travis Head were Monday ruled out of Australia’s home one-day series against Pakistan...

Published 14 Oct, 2024 11:28am

Asia

South Korea military says ‘fully ready’ as drone tensions soar

SEOUL: South Korea’s military said Monday it was “fully ready” to respond after North Korea ordered troops on the...

Published 14 Oct, 2024 11:06am

With inflation down, ECB eyes faster tempo of rate cuts

FRANKFURT: The European Central Bank is expected to lower interest rates again this week as anxiety about inflation...

Published 14 Oct, 2024 10:59am

Now you see it, now you don’t

Remember when home mortgages became a distinct possibility for hopeful homeowners across Pakistan, who had been...

Updated 14 Oct, 2024 10:55am

Smith experiment as Test opener over, Green out of India series

SYDNEY: Steve Smith’s short-lived stint as a Test opener came to an end Monday with confirmation he will drop down...

Published 14 Oct, 2024 10:49am

Commodities

Corn, soy fall further on expectations for massive US harvest

CANBERRA: Chicago corn and soybean futures fell further on Monday after the US Department of Agriculture last week...

Published 14 Oct, 2024 10:35am

Bullion Rate

Gold eases as dollar strengthens; traders eye Fed cues

Gold prices drifted lower on Monday as the US dollar strengthened, while market participants awaited fresh cues on...

Published 14 Oct, 2024 10:33am

Forex

Dollar extends gains while investors parse China’s stimulus plans

SINGAPORE: The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity,...

Published 14 Oct, 2024 10:29am

Stocks

Asia shares await China markets’ response to detail-thin stimulus pledges

SINGAPORE: Asian stocks hardly budged in early holiday-thinned trade on Monday, with investors nervous as to how...

Published 14 Oct, 2024 10:26am

Last day for submission of income tax returns today: FBR

LAHORE: The Federal Board of Revenue (FBR) has warned that Monday (today) is the last day for submission of income...

Updated 14 Oct, 2024 09:30am

Mian Zahid appreciates termination of deals with five IPPs

KARACHI: Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen...

Updated 14 Oct, 2024 09:26am

Remittances to the rescue

The significance of worker remittances can be seen from the fact that over $8 billion came into the country in the...

Published 14 Oct, 2024 09:19am

Pakistan Cables Limited

Pakistan Cables Limited (PSX: PCAL) was incorporated in Pakistan as a private limited company in 1953 and was...

Published 14 Oct, 2024 09:02am

Chinese PM due today

ISLAMABAD: Chinese Prime Minister Li Qiang will arrive in capital on Monday (today) to attend Shanghai Cooperation...

Updated 14 Oct, 2024 09:09am

Punjab Governor should not interfere in admin matters: minister

LAHORE: Punjab Information Minister Azma Bokhari has said that governor Punjab should refrain from interfering in...

Updated 14 Oct, 2024 09:08am

Denying involvement, BLA says condemns Dukki massacre

KARACHI: The Baloch Liberation Army, a militant separatist group, denied involvement in an attack that killed at...

Published 14 Oct, 2024 08:58am

Constitutional amendment not being done in haste: Bilawal

ISLAMABAD: Chairman Pakistan Peoples Party Bilawal Bhutto Zardari in a message on X (formerly Twitter) said that the...

Updated 14 Oct, 2024 08:36am

One killed as police clash with marchers from civil society, TLP

KARACHI: Police on Sunday clashed with protesters outside the Karachi Press Club (KPC) for violating Section 144...

Updated 14 Oct, 2024 08:35am

BR’s refresher: your morning briefing for the day

Important updates from October 12 and October 13, 2024

Published 14 Oct, 2024 08:34am

‘Amendment’: Bilawal speaks to Nawaz

ISLAMABAD: Pakistan Peoples Party (PPP) chairman Bilawal Bhutto Zardari on Sunday telephoned Pakistan Muslim...

Published 14 Oct, 2024 08:12am

SCO moot: Sharjeel steps up criticism of PTI founder

KARACHI: Sindh Senior Minister Sharjeel Inam Memon has said that the Imran-Ismrael nexus is bent on sabotaging the...

Published 14 Oct, 2024 08:22am

PML-N team praises MQM-P’s role in coalition govt

KARACHI: Federal Minister for Planning, Development and Special Initiatives professor Ahsan Iqbal Chaudhry on Sunday...

Published 14 Oct, 2024 08:21am

Number of beneficiaries will soar to 10m by year: BISP chairperson

FAISALABAD: The number of beneficiaries of Benazir Income Support Programme (BISP) would jump to 10 million from...

Published 14 Oct, 2024 08:18am

Interfaith harmony event hosted by St Patrick’s High School

KARACHI: In an inspiring demonstration of interfaith unity, St Patrick’s High School, led by its principal Rev Fr...

Published 14 Oct, 2024 08:16am

9,787 candidates take SU entry test at Jamshoro campus

HYDERABAD: The phase-wise entry test for admission to various bachelor’s degree programmes for the academic year...

Published 14 Oct, 2024 08:14am

PTI says ready to defer tomorrow’s protest if meeting with IK allowed

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Sunday said that it is ready to postpone its protest scheduled for...

Published 14 Oct, 2024 08:12am

KP governor attends ‘Grand Pakhtun Jirga’

PESHAWAR: Governor Khyber Pakhtunkhwa Faisal Karim Kundi visited the venue of the Grand Pakhtun Jirga in the tribal...

Published 14 Oct, 2024 08:08am

President, PM condole death of former Chinese vice premier

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif have expressed condolences over death of...

Published 14 Oct, 2024 08:06am

Jamandru faults

Jamandru is a Punjabi word which means ‘At birth’. Pakistan was born on August 14, 1947, with serious birth...

Published 14 Oct, 2024 07:30am

Pakistan’s stunted business landscape needs a revamp

In Pakistan, the business milieu has been held back for decades by multiple factors like institutional and ...

Published 14 Oct, 2024 07:23am

Victimising local IPP sponsors risks scaring future investment

The first round of IPP negotiations has concluded, resulting in the termination of five contracts through coercive...

Updated 14 Oct, 2024 07:35am

Dated IMF staff report

The International Monetary Fund (IMF) uploaded documents early 11 October Pakistan time, nearly thirteen weeks after...

Updated 14 Oct, 2024 07:33am

Commodities

Peshawar: prices of daily-use items show mixed trend

PESHAWAR: Mixed trend in prices of daily use items like vegetables, pulses, live chicken/meat, flour, sugar and ...

Published 14 Oct, 2024 07:15am

Letters

‘Israel’s ultimate target – Iran’

This is apropos three letters to the Editor by this writer carried by the newspaper in recent days. In the long ...

Published 14 Oct, 2024 07:10am

Unsafe from sexual crimes

EDITORIAL: The global scale of sexual violence against women and girls (VAWG) is staggering. In its recently...

Published 14 Oct, 2024 07:06am

Rise in home remittances

EDITORIAL: The State Bank of Pakistan website revealed a 39 percent rise in remittance inflows for the first quarter...

Published 14 Oct, 2024 07:00am

Israel reinforces ban on UN chief entering country over Iran attack comments

OCCUPIED JERUSALEM: Israeli Foreign Minister Israel Katz reinforced on Sunday his decision to declare UN...

Published 14 Oct, 2024 06:48am

Squad for 2nd, 3rd Tests against England named

LAHORE: The Pakistan cricket selectors have announced their squad for the second and third Test matches against...