News Archives for Latest - 2023-11-30

Pakistan

Govt keeps petrol price unchanged, reduces HSD by Rs7

Revised prices to take effect from December 1

Published 30 Nov, 2023 11:27pm

Pakistan

PM Kakar calls for utilizing Loss & Damage Fund on merit

Caretaker Prime Minister Anwaarul Haq Kakar on Thursday stressed the need for operationalising the ‘Loss and Damage...

Published 30 Nov, 2023 11:11pm

World

Ukraine’s new long-range rocket delivery from US pushed to next year

WASHINGTON: Ukraine will need to wait until next year before it receives its first big shipment of rocket-propelled...

Published 30 Nov, 2023 11:06pm

World

UN peacekeepers try to stay safe amid Lebanon-Israel border flare-ups

LEBANON: While trying to fulfil their mandate to keep the peace, U.N. soldiers deployed along Lebanon’s border with...

Published 30 Nov, 2023 10:58pm

Pakistan

Sindh govt announces winter vacations from December 22

The caretaker Sindh government on Thursday announced the winter vacation for all public and private educational...

Updated 30 Nov, 2023 10:56pm

Companies

Mughal Iron & Steel Industries completes acquisition of energy subsidiary

Mughal Iron & Steel Industries Limited, one of Pakistan’s largest steel manufacturers, has successfully...

Updated 30 Nov, 2023 10:48pm

Stocks

KSE-100 stays flat amid profit-taking

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed almost flat on Thursday after a day-long battle...

Updated 30 Nov, 2023 10:48pm

Europe

Ukraine says Russia to blame for months of no prisoner swaps

Ukraine’s human rights commissioner accused Russia on Thursday of refusing to agree new exchanges of prisoners of...

Published 30 Nov, 2023 10:44pm

Energy

Oil prices fall amid skepticism on OPEC+ supply cuts

Oil prices fell on Thursday after rising by more than 1% earlier in the session after OPEC+ oil producers agreed to...

Updated 30 Nov, 2023 10:30pm

Forex

Pakistan’s central bank reserves increase $77mn, now stand at $7.26bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $77 million on a weekly basis,...

Updated 30 Nov, 2023 10:28pm

Europe

‘Great joy’: Macron welcomes French-Israeli hostage release

PARIS: French President Emmanuel Macron on Thursday welcomed the release by Hamas of French-Israeli hostage Mia...

Published 30 Nov, 2023 10:25pm

Forex

Inter-bank: rupee registered 3rd successive gain against US dollar

Currency appreciates 0.08%, settles at 285.17 against greenback

Updated 30 Nov, 2023 10:16pm

Pakistan

Long wait for freedom: Afghan refugees in limbo in Pakistan

ISLAMABAD: Abdullah was a well-known public figure in Afghanistan, a journalist and university lecturer respected by...

Updated 30 Nov, 2023 10:09pm

Pakistan

Pakistan cannot develop without development of Balochistan: Zardari

Says he has formulas available on how to develop Pakistan, and how to strengthen Balochistan

Updated 30 Nov, 2023 09:58pm

Middle East

Blinken says truce between Israel-Hamas is producing results

TEL AVIV: US Secretary of State Antony Blinken on Thursday said that a temporary truce between Israel and...

Updated 30 Nov, 2023 09:46pm

Middle East

COP28 opens with ‘historic’ launch of loss and damage fund

Talks in Dubai come at a pivotal moment for the planet, with emissions still rising
Caretaker PM Kakar will attend the World Climate Action Summit on December 1 and 2

Published 30 Nov, 2023 08:54pm

Energy

OPEC+ agrees oil output cuts approaching 2mn bpd, sources say

LONDON/MOSCOW/DUBAI: OPEC+ oil producers on Thursday agreed to output cuts approaching 2 million barrels per day...

Updated 30 Nov, 2023 08:50pm

Cricket

India’s Rohit, Suryakumar and Rahul skippers for South Africa series

NEW DELHI: India on Thursday named three skippers for their eight-match multi-format tour of South Africa next...

Published 30 Nov, 2023 08:42pm

Middle East

Hundreds of new oil and gas projects approved despite climate crisis

PARIS: More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all...

Published 30 Nov, 2023 08:20pm

Cricket

Najmul to lead Bangladesh in New Zealand ODIs, T20Is

DHAKA: Bangladesh on Thursday named batsman Najmul Hossain Shanto as the country’s one-day international and...

Published 30 Nov, 2023 08:13pm

South Asia

Afghanistan’s Taliban government slams lack of invite to COP28

KABUL: Afghanistan’s Taliban authorities on Thursday condemned a decision not to invite its representatives to the...

Published 30 Nov, 2023 07:23pm

Defaulters’ utility connections to be cut: FBR starts serving notices with 30-day compliance time

After acquiring data from the Nadra, FBR has started serving notices to people across the country and they have been given 30-day time

Updated 30 Nov, 2023 07:22pm

Money & Banking

Metro Bank says to axe fifth of staff in UK

LONDON: Metro Bank, which has struggled in its quest to shake up Britain’s established banking sector, said Thursday...

Published 30 Nov, 2023 07:15pm

Commodities

Copper near 10-week high, but China data weighs

LONDON: Copper hovered near 10-week highs on Thursday but weak Chinese manufacturing data and a stronger dollar...

Published 30 Nov, 2023 06:59pm

Stocks

Most Gulf markets rise on strong oil prices

Most stock markets in the Gulf ended higher on Thursday amid rising oil prices as investors awaited the result of...

Published 30 Nov, 2023 06:55pm

Middle East

Hamas claims responsibility for Jerusalem shooting

JERUSALEM: Hamas claimed responsibility for a shooting attack in Jerusalem that killed three people on Thursday,...

Published 30 Nov, 2023 06:50pm

Middle East

UN climate talks open in oil-rich UAE with pressure for urgent action

DUBAI: The UN climate conference opened Thursday with nations urged to make faster cuts to planet-warming emissions...

Published 30 Nov, 2023 06:38pm

Europe

EU should recognise Palestinian state: Spanish PM

MADRID: The European Union should recognise a Palestinian state since this would help end the Israeli-Palestinian...

Published 30 Nov, 2023 06:45pm

Travel

Karachi ranked fourth least-expensive city to live in: EIU’s Worldwide Cost of Living survey

Karachi was the fourth least-expensive city to live in, according to findings of the EIU’s Worldwide Cost of Living...

Published 30 Nov, 2023 06:41pm

South Asia

Sri Lanka inflation doubles ahead of debt deal

COLOMBO: Sri Lanka’s inflation more than doubled to 3.4 percent in November, the statistics office said Thursday, a...

Published 30 Nov, 2023 06:01pm

Companies

Haier S800 LED TV: the game changer with redefined entertainment

In the realm of LED TVs, Haier has long been known for innovation and cutting-edge technology. The Haier S800 LED TV...

Published 30 Nov, 2023 05:48pm

Forex

Open market: rupee strengthens against US dollar

The Pakistani rupee witnessed a marginal gain against the US dollar in the open market on Thursday, while the local...

Updated 30 Nov, 2023 05:44pm

Commodities

Asia rice: Thai, Vietnam rates hit three-month peak on firm demand

Prices of rice exported from Thailand and Vietnam extended gains this week to their highest level in three months on...

Published 30 Nov, 2023 05:34pm

Cricket

Uganda qualify for T20 World Cup as Zimbabwe miss out

PARIS: Uganda will make their first appearance at a cricket World Cup next year after qualifying on Thursday for the...

Published 30 Nov, 2023 05:08pm

South Asia

India’s fiscal deficit at 8.04trn rupees in April-Oct

NEW DELHI: India’s fiscal deficit for the first seven months of the financial year that started April 1 was 8.04...

Published 30 Nov, 2023 04:53pm

Money & Banking

Royal Bank of Canada profit jumps on investment banking boost

Royal Bank of Canada reported a rise in fourth-quarter profit on Thursday, as a strong performance in its corporate...

Published 30 Nov, 2023 04:48pm

Perspectives

Can Pakistan boost its IT exports to $25 billion in a few years?

Think of a billion-dollar number and there is a chance that some IT minister or even a prime minister will have...

Published 30 Nov, 2023 04:41pm

Stocks

India’s Nifty 50 posts best month since July 2022; GDP data eyed

BENGALURU: India’s blue-chip index Nifty 50 logged its biggest monthly gain in November since July 2022, led by...

Published 30 Nov, 2023 04:42pm

Stocks

Sri Lanka shares rise on hopes of clearing IMF bailout review

BENGALURU: Sri Lankan shares closed higher on Thursday amid hopes that a debt deal with creditors could help the...

Published 30 Nov, 2023 04:36pm

Commodities

Palm oil firms on better-than-expected exports

KUALA LUMPUR: Malaysian palm oil futures ticked up on Thursday, underpinned by better-than-expected November export...

Published 30 Nov, 2023 04:33pm

Editorials

Reaping the result of Dar’s stubbornness?

EDITORIAL: In a spirited defence of his signature policy to control the external value of the rupee, former...

Updated 30 Nov, 2023 04:27pm

USA

Henry Kissinger, singular US diplomat, dead at 100

WASHINGTON: Henry Kissinger, the former US secretary of state whose unapologetic promotion of raw American power...

Updated 30 Nov, 2023 04:26pm

World

COP28: everything you need to know as climate change conference kicks off in Dubai

Curtailing the use of fossil fuels and carbon emissions are expected to be topping the agenda of the 13-day summit

Published 30 Nov, 2023 04:25pm

Commodities

Gold rates remain unchanged in Pakistan

Gold rates in Pakistan remained unchanged on Thursday, despite a slight increase in the international rate. The...

Published 30 Nov, 2023 04:15pm

Asia

Singapore, Zurich world’s most expensive cities

HONG KONG: Singapore and Zurich tied for the world’s most expensive city this year, followed by Geneva, New York and...

Updated 30 Nov, 2023 03:21pm

Stocks

Major Gulf markets ease in early trade

Major stock markets in the Gulf were subdued in early trade on Thursday on volatile oil prices, while the Qatari...

Published 30 Nov, 2023 02:53pm

Europe

German unemployment rises in November

The number of unemployed people in Germany rose in line with analysts’ expectations in November, Labour Office...

Published 30 Nov, 2023 02:47pm

Europe

Kremlin says Putin to hold annual news conference, public phone in on Dec. 14

MOSCOW: The Kremlin said on Thursday that Russian President Vladimir Putin will hold his annual news conference, as...

Published 30 Nov, 2023 02:45pm

Energy

India’s oil imports from Russia rebound in November

NEW DELHI: India’s Russian oil imports rebounded in November after several plants came back online from planned...

Published 30 Nov, 2023 02:41pm

Sports

Najmul, Mominul lead Bangladesh fightback against New Zealand

SYLHET: Najmul Hossain Shanto and Mominul Haque shared 85 runs in an unbroken third-wicket stand as Bangladesh...

Updated 30 Nov, 2023 02:08pm

Europe

OSCE meeting starts, amid controversy over Russia

SKOPJE: The world’s largest regional security body convened in North Macedonia on Thursday amid controversy, with...

Published 30 Nov, 2023 02:05pm

Europe

Ukraine FM hails Kissinger’s ‘intellectual legacy’

KYIV: Ukraine’s Foreign Minister Dmytro Kuleba on Thursday said that US diplomatic giant Henry Kissinger, who died...

Published 30 Nov, 2023 02:01pm

Movies & Music

‘Leave The World Behind’: Strangers, danger and layers, says Julia Roberts

LONDON: U.S. actress Julia Roberts says her new film ‘Leave The World Behind’ is a multilayered disaster thriller...

Published 30 Nov, 2023 01:55pm

Forex

Russian rouble steadies, buoyed by capital controls, high oil prices

MOSCOW: The Russian rouble hovered near the 88.5 mark against the dollar on Thursday, not far from the multi-month...

Published 30 Nov, 2023 01:49pm

Stocks

Commodity-linked stocks lift FTSE 100; NatWest tops index

UK’s FTSE 100 rose in early trade on Thursday as higher crude oil prices lifted energy giants and higher base metals...

Published 30 Nov, 2023 01:34pm

Stocks

European shares rise on miners, energy boost ahead of key inflation readings

European shares rose on Thursday, led by miners and energy stocks, as investors geared up for key inflation prints...

Published 30 Nov, 2023 01:31pm

Energy

OPEC+ ministers meet to discuss additional oil output cuts

LONDON: The OPEC+ alliance was set to hold a set of meetings on Thursday to discuss additional oil production cuts...

Published 30 Nov, 2023 01:30pm

Africa

More than a million displaced in Somalia floods

MOGADISHU: More than a million people have been displaced in Somalia after the country was hit by severe flooding...

Published 30 Nov, 2023 01:26pm

Europe

Ten injured, more missing in Russian attack on east Ukraine

KYIV: Ukraine said Thursday that 10 people including a toddler were injured by simultaneous Russian strikes on three...

Published 30 Nov, 2023 01:24pm

Middle East

Israel president to discuss hostages on COP28 sidelines

DUBAI: Israeli President Isaac Herzog is due to attend the UN climate talks in the United Arab Emirates Thursday...

Published 30 Nov, 2023 12:50pm

Companies

Honda to invest $3.4bn on electric two-wheelers this decade

TOKYO: Japanese auto giant Honda said it plans to invest 500 billion yen ($3.4 billion) in production of electric...

Published 30 Nov, 2023 12:41pm

USA

Indian man charged in plot to kill Sikh separatist on US soil

WASHINGTON: An Indian national has been charged with plotting to assassinate a Sikh separatist leader on US soil,...

Published 30 Nov, 2023 12:36pm

USA

COP28 should seek total fossil fuel ‘phaseout’

UNITED NATIONS: The COP28 climate conference should aim for a complete “phaseout” of fossil fuels, UN...

Published 30 Nov, 2023 12:27pm

Asia

China calls for immediate ‘sustained humanitarian truce’ in Israel-Hamas conflict

BEIJING: China on Thursday called for a “sustained humanitarian truce” in the Israel-Hamas conflict, in a foreign...

Updated 30 Nov, 2023 12:22pm

Business & Finance

China factory activity shrinks for second straight month

BEIJING: China’s factory activity contracted in November for the second month in a row, official data showed...

Published 30 Nov, 2023 12:14pm

Europe

EU defence spending at record 240 bn euros in 2022

BRUSSELS: EU military spending reached a record 240 billion euros ($260 billion) last year in the face of Russia’s...

Published 30 Nov, 2023 11:51am

Stocks

Asia stocks closing in on strongest month since January

HONG KONG: Asian stocks were poised to clock their strongest performance in 10 months at the end of Thursday’s...

Published 30 Nov, 2023 11:43am

Forex

Indian rupee battles persistent dollar demand in face of dovish Fed outlook

MUMBAI: The Indian rupee is expected to open little changed on Thursday as persistent dollar demand countered...

Published 30 Nov, 2023 11:41am

Commodities

Palm oil edges up ahead of full month output estimates

KUALA LUMPUR: Malaysian palm oil futures ticked up on Thursday in cautious trading ahead of full month output...

Published 30 Nov, 2023 11:39am

Commodities

London copper rises on stimulus hopes, mine supply concerns

London copper prices rose on Thursday as slowing manufacturing activities in China raised hopes for more stimulus...

Published 30 Nov, 2023 11:38am

Asia

North Korea says it will not negotiate sovereignty with ‘double-faced’ US

SEOUL: North Korea said it would never negotiate its sovereignty with the United States, criticising Washington as...

Published 30 Nov, 2023 11:32am

Forex

Australia, NZ dollars set for strongest month in a year, bonds rally hard

SYDNEY: The Australian and New Zealand dollars were headed for the best month in a year on Thursday, as markets...

Published 30 Nov, 2023 11:27am

Bullion Rate

Gold holds ground ahead of US inflation test

Gold prices consolidated in a tight range on Thursday, hovering close to a near seven-month high, as investors...

Published 30 Nov, 2023 11:24am

South Asia

Blast at Indian chemical plant kills seven, injures 24

AHMEDABAD: A storage tank blast killed seven people and injured 24 at a plant of Indian specialty chemicals maker...

Published 30 Nov, 2023 11:21am

Mutual Funds

India bond yields flattish on lack of strong triggers

MUMBAI: Indian government bond yields were trading largely unchanged on the last day of the month, as traders...

Published 30 Nov, 2023 11:18am

Forex

Most Asian currencies log monthly gains on growing Fed rate cut bets

Most emerging Asian currencies were set to log in monthly gains against the US dollar on increasing expectations...

Published 30 Nov, 2023 11:15am

Companies

FCCL commissions Greenfield Cement Manufacturing Plant in Punjab

Fauji Cement Company Limited (FCCL), one of the largest cement manufacturers in Pakistan, has successfully...

Published 30 Nov, 2023 11:15am

Europe

COP28 summit opens with hopes for early deal on climate damage fund

BRUSSELS/DUBAI: Countries at the UN’s COP28 climate summit opening on Thursday hope to clinch an early deal on a new...

Published 30 Nov, 2023 11:07am

Technology

Meta Platforms’ paid ad-free service is targeted in EU consumer groups’ complaint

BRUSSELS: Meta Platforms’ paid no-ads subscription service, which it rolled out in Europe this month, breaches EU...

Published 30 Nov, 2023 11:04am

Middle East

Israel and Hamas agree to extend temporary truce

GAZA/JERUSALEM: Israel and Hamas struck a last-minute agreement on Thursday to extend their six-day ceasefire by at...

Published 30 Nov, 2023 10:53am

South Asia

Debt deal with creditors could help Sri Lanka clear IMF bailout review

COLOMBO: Sri Lanka’s pact with creditor nations to restructure its debt prepares the way for the International...

Published 30 Nov, 2023 11:00am

Mutual Funds

JGB yields rebound after two-year bond auction sees poor demand

TOKYO: Japanese government bond (JGB) yields rebounded on Thursday after falling to multi-month lows this week,...

Published 30 Nov, 2023 10:56am

Sports

Ledecky rules 800 free again at US Open

WASHINGTON: Seven-time Olympic champion Katie Ledecky eased to victory in the 800-meter freestyle on Wednesday in...

Published 30 Nov, 2023 10:39am

Stocks

Hong Kong stocks begin on negative note

HONG KONG: Hong Kong stocks opened with a small loss Thursday morning following another soft lead from Wall Street...

Published 30 Nov, 2023 10:36am

Companies

Too big to ignore: this partner at Dubai-based VC firm has a ‘long-term view’ on markets like Pakistan

Sacha Haider, who sees 5-10 pitchdecks a week from different markets, believes UAE and Dubai’s B2G model is perfectly viable for Pakistan as well

Updated 30 Nov, 2023 10:28am

Stocks

India’s blue-chips set to continue ascent towards new record highs

BENGALURU: Indian shares are set to open higher on Thursday, with the benchmark indexes inching towards new record...

Published 30 Nov, 2023 10:12am

Stocks

China stocks roughly flat amid disappointing PMI data

SHANGHAI: China stocks were roughly flat on Thursday after downbeat manufacturing data, with investors calling for...

Published 30 Nov, 2023 10:10am

Stocks

Australia shares flat; Origin Energy hits 8-month low

Australian shares were largely flat on Thursday, as losses in gold stocks offset gains in financial stocks, while...

Published 30 Nov, 2023 10:05am

Stocks

Japan’s Nikkei edges lower; set for best month in 2 years

TOKYO: Japan’s Nikkei share average eased slightly on Thursday but stayed on track for its best month in two years,...

Published 30 Nov, 2023 10:02am

Forex

Dollar drifts near three-month low, focus on inflation data

SINGAPORE: The dollar was rooted near a three-month low on Thursday and was set to post its steepest monthly decline...

Published 30 Nov, 2023 09:59am

Kuwait deals to add to inward FDI flows

Pakistan and Kuwait sign seven agreements and three Memorandums of Understanding

Updated 30 Nov, 2023 09:59am

FBR resolves Sino-Pak ‘trade gap’ issue

ISLAMABAD: The Federal Board of Revenue (FBR) has resolved the issue of the trade gap between Pakistan and China, as...

Updated 30 Nov, 2023 09:57am

At the rate of Rs3.53/unit for Oct 2023: Nepra agrees to allow Discos to recover Rs32.7bn additional amount

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday agreed in principle, to allow...

Updated 30 Nov, 2023 09:57am

Defaulters of govt dues, utility bills: ECP takes major decision ahead of nomination-filing

ISLAMABAD: The Election Commission of Pakistan (ECP) has sought details of defaulters of government dues and utility...

Updated 30 Nov, 2023 09:56am

Sports

Babar remains the linchpin of Pakistan’s batting: Masood

LAHORE: Babar Azam has relinquished the captaincy but he remains the cornerstone of Pakistan’s batting, Test skipper...

Published 30 Nov, 2023 09:54am

World

Hostel fire kills 13 people in Kazakhstan

ALMATY: Thirteen people died in a fire at a hostel in Kazakhstan’s biggest city, Almaty, on Thursday, the city’s...

Published 30 Nov, 2023 09:48am

Carbon credit sharing: PPIB seeks MoCC’s nod

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has sought consent of Ministry of Climate Change for...

Updated 30 Nov, 2023 09:40am

PM, Kuwait’s Crown Prince agree to deepen bilateral ties

KUWAIT: Caretaker Prime Minister Anwaar-ul-Haq Kakar and Crown Prince of Kuwait Sheikh Meshal Al Ahmed Al Jaber Al...

Updated 30 Nov, 2023 09:40am

Policy envisages transformation of non-strategic SOEs

ISLAMABAD: The State-Owned Enterprises (SOEs) Ownership and Management Policy envisages that the line ministries and...

Updated 30 Nov, 2023 09:39am

BR Research

IT exports in 4MFY24

The country’s IT sector exports witnessed a growth of 16 percent month-on-month in October, touching $238 million....

Published 30 Nov, 2023 08:53am

BR Research

Palm oil imports keep coming

Anecdote has it that purchasing power and as a result, consumption of most items has gone down in the past 12-18...

Published 30 Nov, 2023 08:50am

Recycling of ships: Accession to ‘Hong Kong Convention’ approved

ISLAMABAD: The Federal Cabinet has approved accession to the “Hong Kong International Convention for the safe and...

Updated 30 Nov, 2023 08:47am

$3bn deposit: SFD extends term for one year

KARACHI: The Kingdom of Saudi Arabia (KSA) has extended the term for a $3 billion deposit placed with Pakistan to...

Updated 30 Nov, 2023 08:46am

BR Research

Sazgar Engineering

Sazgar Engineering (PSX: SAZEW) is one of the biggest rickshaw manufacturers in Pakistan. Incorporated in 1991, the...

Published 30 Nov, 2023 08:46am

Operation of SRO about additional tax on banks’ windfall income suspended

ISLAMABAD: The Islamabad High Court (IHC), on Wednesday, suspended the SRO 1588 (1)/ 2023 of the Federal Board of...

Updated 30 Nov, 2023 08:46am

BR’s refresher: your morning briefing for the day

Important updates from November 29, 2023

Published 30 Nov, 2023 08:44am

Opinion

Navigating petroleum pricing: Need to introduce deregulation

Introduction: The intricacies of Pakistan’s oil pricing system, tethered to the fortnightly determination of prices,...

Updated 30 Nov, 2023 05:20am

Opinion

Foreign currency requirement for taming inflation

In the year 2016 an operational limit to the debt-ceiling was introduced whereby the annual federal deficit...

Updated 30 Nov, 2023 05:17am

Opinion

Get rich before getting old

It is said, “The future promise of any nation can be directly measured by the present prospects of its youth.”...