News Archives for Latest - 2023-12-05

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Archive - 2023-12-05

World

Russian attacks kill three, destroy Ukrainian aid centre

KYIV: Russian forces hit an aid centre, a medical building and residences in Ukraine’s southern and eastern regions,...

Published 05 Dec, 2023 11:22pm

Europe

Ukraine sees ‘big risk’ of losing war if US Congress postpones vital aid

WASHINGTON: Ukrainian President Volodymyr Zelenskiy’s chief of staff said on Tuesday that the postponement of US...

Published 05 Dec, 2023 11:00pm

Europe

US sanctions Belarus Red Cross chief over Ukraine child deportations

WASHINGTON: The United States unveiled sanctions on Tuesday against the head of the Belarus Red Cross, accusing him...

Published 05 Dec, 2023 10:41pm

Sports

Pakistan women’s team secures historic T20I series win over New Zealand

This is their first-ever series victory outside Asia and Ireland

Updated 05 Dec, 2023 10:27pm

Middle East

Situation in Gaza 'getting worse by the hour': WHO

GENEVA: A World Health Organization official in Gaza said on Tuesday the situation was deteriorating by the hour as...

Updated 05 Dec, 2023 10:26pm

Currency

Open market: rupee edges higher against US dollar

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

Updated 05 Dec, 2023 10:25pm

Pakistan

General elections: Ministry of Finance releases Rs17.4bn to ECP

This brings total released amount for holding elections to Rs27.4bn
In March, ECP had told Finance Ministry it needed Rs65bn for holding general polls

Updated 05 Dec, 2023 10:15pm

Cotton & Textile

Cotton arrival up 5.2% in last two weeks of Nov: PCGA

Cotton arrivals from Sindh exceed that of Punjab in the last two weeks of November

Updated 05 Dec, 2023 10:14pm

Middle East

More than 15,900 Palestinians killed in Gaza since Oct. 7: Palestinian health minister

RAMALLAH: More than 15,900 Palestinians, including 250 health workers, have been killed in Gaza since the outbreak...

Updated 05 Dec, 2023 10:13pm

Business & Finance

India to be world’s third-largest economy by 2030: S&P Global Ratings

BENGALURU: India will remain the fastest-growing major economy for at least the next three years, setting it on...

Updated 05 Dec, 2023 10:12pm

Technology

CodeNinja secures $1.6mn investment led by sAi Venture Capital

LAHORE: CodeNinja, a technology solutions provider, has secured an investment of $1.6 million led by sAi Venture...

Updated 05 Dec, 2023 10:10pm

Energy

Oct’23 FCA: NEPRA approves Rs3.07/unit hike for DISCOs

Increase will not be applicable to K.Electric (KE) consumers, Electric Vehicle Charging Stations (EVCS), and lifeline consumers

Published 05 Dec, 2023 09:34pm

Pakistan

At least 3 children among 4 injured in blast on Peshawar’s Warsak Road

At least four people including three children were injured on Tuesday in a blast on Peshawar’s Warsak Road, Aaj News...

Updated 05 Dec, 2023 08:37pm

Forex

Inter-bank: rupee records 6th successive gain against US dollar

Currency appreciates 0.05%, settles at 284.38 against greenback

Updated 05 Dec, 2023 08:19pm

Stocks

US stocks open lower, extending market pullback

NEW YORK: Wall Street stocks dipped for a second straight session early Tuesday as markets awaited US employment...

Published 05 Dec, 2023 08:05pm

Stocks

KSE-100 settles shy of 63,000 after 463-point gain

The Pakistan Stock Exchange (PSX) witnessed another positive session on Tuesday, as the benchmark KSE-100 closed...

Published 05 Dec, 2023 07:56pm

Commodities

Copper falls to 1-week low on China credit rating cut

LONDON: Copper prices fell to one-week lows on Tuesday after Moody’s cut its outlook on China’s credit ratings to...

Published 05 Dec, 2023 07:10pm

Energy

Oil drops close to July low on scepticism over OPEC+ cuts

LONDON: Global benchmark Brent fell below $78 a barrel, not far off its July low, despite Saudi Arabia saying OPEC+...

Updated 05 Dec, 2023 07:06pm

Stocks

Most Gulf markets in red as focus turns to US jobs data

Most stock markets in the Gulf ended lower on Monday as investors tempered expectations of a cut to interest rates...

Published 05 Dec, 2023 07:02pm

Stocks

Sri Lanka shares end lower as industrials, financials weigh

CSE All Share index settled down 0.4% at 10,700.09

Published 05 Dec, 2023 07:00pm

Sports

Australian PM hosts Pakistan cricket team at parliament

The Pakistan men's cricket team was invited to Canberra on Tuesday for a ceremony hosted by Australian Prime ...

Published 05 Dec, 2023 06:12pm

Technology

‘Grand Theft Auto VI’ trailer drops, flagging 2025 release

SAN FRANCISCO: The first trailer for ‘Grand Theft Auto VI’ hit YouTube in a surprise, ahead-of-schedule post on...

Updated 05 Dec, 2023 05:47pm

Cricket

Bangladesh coach warns against complacency ahead of second NZ Test

DHAKA: Bangladesh coach Chandika Hathurusingha warned his side against complacency on Tuesday, a day before the...

Published 05 Dec, 2023 05:42pm

Middle East

Qatar emir slams ‘shameful’ inaction on Gaza war

DOHA: Qatar’s ruler hit out at what he labelled “shameful” international inaction over the Israel-Hamas war in Gaza...

Published 05 Dec, 2023 05:35pm

Europe

Kremlin says Putin will visit Saudi Arabia, UAE Wednesday

MOSCOW: President Vladimir Putin will visit Saudi Arabia and the United Arab Emirates on Wednesday, the Kremlin has...

Published 05 Dec, 2023 05:32pm

Asia

EU chief warns China on trade gap ahead of summit

BRUSSELS: European Union member states won’t tolerate their growing trade imbalance with China forever, EU chief...

Published 05 Dec, 2023 05:28pm

Stocks

Stock markets diverge as traders temper rate-cut bets

LONDON: Major stock markets diverged Tuesday, with analysts warning November’s rally fuelled by bets on interest...

Updated 05 Dec, 2023 05:25pm

Europe

Six Ukrainian children returned from Russia under Qatari deal

DOHA: Six Ukrainian children taken by Russia in the wake of Moscow’s invasion are to be reunited with family after...

Published 05 Dec, 2023 05:23pm

Asia

Indonesia volcano death toll rises to 22 as search nears end

AGAM: The death toll from a volcano eruption in Indonesia has risen to 22 after nine more bodies were discovered, a...

Updated 05 Dec, 2023 05:20pm

Middle East

Israel expects difficult new stage in Gaza, sticks to war aims

JERUSALEM: Israel expects difficult fighting in the new phase of its war in Gaza but is open to “constructive...

Published 05 Dec, 2023 04:59pm

Stocks

Financials, energy stocks power record rally in India’s Nifty, Sensex

BENGALURU: India’s benchmark indexes hit fresh record highs on Tuesday, led by gains in financial and energy stocks,...

Published 05 Dec, 2023 04:43pm

Commodities

Palm oil closes lower for third straight day on weak rival oils

JAKARTA: Malaysian palm oil futures fell for the third straight session on Tuesday, weighed down by weakness in...

Published 05 Dec, 2023 04:38pm

Arts

France in one-year ‘battle’ to reopen Notre-Dame

PARIS: Workers at Paris’s emblematic Notre-Dame cathedral have one year, starting on Friday, to finish restoring the...

Published 05 Dec, 2023 04:26pm

Middle East

COP28 draft agreement includes option to do nothing on fossil fuels

DUBAI: The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil...

Published 05 Dec, 2023 04:31pm

Europe

World could breach 1.5C warming threshold in 7 years: study

PARIS: The world may cross the crucial 1.5C global warming threshold in seven years as fossil fuel CO2 emissions...

Published 05 Dec, 2023 04:28pm

Energy

Saudi Arabia says ‘absolutely not’ to oil phase down at COP28

DUBAI: Saudi Arabia’s energy minister has slammed the door shut to agreeing to phase down fossil fuels at the UN’s...

Published 05 Dec, 2023 04:22pm

Pakistan

Bohra community’s spritual leader conferred with Nishan-e-Pakistan

President Dr Arif Alvi on Tuesday conferred Pakistan’s highest civil award Nishan-e-Pakistan on the spiritual leader...

Updated 05 Dec, 2023 04:01pm

Forex

South African rand slips before third-quarter GDP data

JOHANNESBURG: The South African rand was slightly weaker in early trade on Tuesday, before the release of...

Published 05 Dec, 2023 03:38pm

Bullion Rate

Gold price per tola falls Rs4,200 in Pakistan

Gold rates in Pakistan decreased on Tuesday, in line with decline in the international rate. The yellow metal was...

Published 05 Dec, 2023 03:25pm

Forex

Sterling close to 3-month high versus euro as markets bet on ECB rate cuts

Sterling hovered around its highest levels in almost three months against the euro on Tuesday, as markets raised...

Published 05 Dec, 2023 03:35pm

Companies

Ghani Chemical looks to establish Pakistan’s ‘largest ASU plant’ in Khyber Pakhtunkhwa

Ghani Chemical Industries Limited (GCIL) is in process to set up Pakistan’s largest Air Separation Unit (ASU) plant...

Published 05 Dec, 2023 03:31pm

Europe

France imposes sanctions on Hamas Gaza chief Yahya Sinwar

PARIS: France on Tuesday imposed asset freezes on Hamas Gaza chief Yahya Sinwar, the latest leader from the Islamist...

Published 05 Dec, 2023 03:12pm

Stocks

UK’s FTSE 100 slips for second straight session as financials drag

Britain’s FTSE 100 edged down on Tuesday, dragged by financials, with Barclays dipping after Qatar Holdings cut its...

Published 05 Dec, 2023 03:00pm

Pakistan

PTI’s intra-party polls challenged in ECP

Petitioner alleges elections were not held as per Constitution

Published 05 Dec, 2023 02:58pm

Forex

Russian rouble slides to three-week low against the dollar

MOSCOW: The Russian rouble weakened to a three-week low against the dollar on Tuesday, hampered by relatively low...

Published 05 Dec, 2023 02:01pm

Europe

Two killed in Russian strike on Ukraine’s Kherson: presidential adviser

KYIV: At least two people were killed and one wounded after Russian forces struck the southern Ukrainian city of...

Published 05 Dec, 2023 02:00pm

Europe

France puts country on ‘high’ alert for bird flu

PARIS: France raised the risk level of bird flu to ‘high’ from ‘moderate’ on Tuesday after the detection of new...

Published 05 Dec, 2023 01:59pm

Asia

China says visa-free travel policy has boosted tourism

BEIJING: China’s foreign ministry said on Tuesday its visa-free travel policy has produced a clear effect, making...

Published 05 Dec, 2023 01:57pm

Mutual Funds

Euro zone bond yields drop after ECB’s Schnabel scraps more rate hikes

LONDON: Euro zone bond yields fell to new multi-month lows on Tuesday after European Central Bank official Isabel...

Published 05 Dec, 2023 01:56pm

Movies & Music

Adam Driver on biopic ‘Ferrari’: ‘the pressure was on to get it right’

LONDON: American actor Adam Driver once again puts on an Italian accent in his latest film, playing carmaker Enzo...

Published 05 Dec, 2023 01:43pm

Business & Finance

Moody’s cuts China’s credit outlook to negative

Ratings agency Moody’s on Tuesday cut its outlook on China’s government credit ratings to negative from stable,...

Published 05 Dec, 2023 01:15pm

Forex

China’s yuan holds steady as state-owned banks sell dollars

SHANGHAI: China’s yuan held steady against the US dollar on Tuesday, underpinned by the sale of dollars by major...

Published 05 Dec, 2023 01:17pm

World

Wellington welcomes first wild-born kiwi chicks in a century

WELLINGTON: Conservationists in New Zealand celebrated on Tuesday after discovering that kiwi chicks had been born...

Published 05 Dec, 2023 01:14pm

Africa

Nigeria army drone strike accident kills 85 civilians

LAGOS: A Nigerian army drone strike accidently killed at least 85 civilians on Sunday in a village in northwest...

Published 05 Dec, 2023 01:13pm

Pakistan

Green turtles fight to survive against Pakistan’s urban sprawl

KARACHI: Against the backdrop of the mega port city of Karachi, choked with traffic and construction, four green...

Published 05 Dec, 2023 01:07pm

Asia

Thai bus accident kills 14, more than 20 injured

BANGKOK: A bus lost control and crashed into a tree in Thailand, killing 14 passengers and injuring more than 20,...

Published 05 Dec, 2023 12:36pm

Forex

Australia dollar slips, bonds rally as RBA holds rates

SYDNEY: The Australian dollar slipped on Tuesday after the country’s central bank held interest rates steady and...

Published 05 Dec, 2023 12:34pm

Forex

RBI aid helps Indian rupee hold ground even as Asian peers slip

MUMBAI: The Indian rupee was flat on Tuesday as likely intervention from the Reserve Bank of India (RBI) helped the...

Published 05 Dec, 2023 12:28pm

Business & Finance

Turkiye central bank total reserves hit record high of $140bn

ISTANBUL: The Turkiye central bank’s total reserves rose $3.5-3.8 billion last week to a record level exceeding $140...

Published 05 Dec, 2023 12:25pm

Middle East

Iran says it is not involved in any actions against US military forces

DUBAI: Iran has not been involved in any actions or attacks against United States’ military forces, the country’s...

Published 05 Dec, 2023 12:20pm

Mutual Funds

JGB yields mixed on higher US yields, poor demand at 10-year bond auction

TOKYO: Japanese government bond (JGB) yields struggled for direction on Tuesday, as their US peers ticked up...

Published 05 Dec, 2023 12:15pm

Europe

UK home secretary travels to Rwanda to sign new asylum treaty

LONDON: British Home Secretary James Cleverly will arrive in Rwanda on Tuesday to sign a new treaty to send asylum...

Published 05 Dec, 2023 12:13pm

Business & Finance

Russia services activity grows at slowest pace in 10 months

Activity in Russia’s services sector grew at its slowest pace in 10 months in November, a business survey showed on...

Published 05 Dec, 2023 12:08pm

Commodities

South Korea’s KFA tenders to buy up to 68,000 metric tons corn

HAMBURG: The Korea Feed Association (KFA) has issued an international tender to purchase up to 68,000 metric tons of...

Published 05 Dec, 2023 11:59am

Sports

Australia’s Maxwell clings to Test team recall hopes

MELBOURNE: Australia’s Glenn Maxwell has not given up hope of playing Test cricket again and says his record in the...

Published 05 Dec, 2023 11:52am

Africa

A decade after Mandela’s death, his pro-Palestinian legacy lives on

JOHANNESBURG: Days after his release from 27 years in prison in February 1990, anti-apartheid icon Nelson Mandela...

Published 05 Dec, 2023 11:47am

Middle East

US, UN urge civilian protections, but Israel intensifies southern Gaza offensive

GAZA: Israeli forces pressed ahead with their air and ground bombardment of southern Gaza Strip, killing and...

Published 05 Dec, 2023 11:34am

Business & Finance

Global CO2 emissions from fossil fuels to hit record high in 2023

DUBAI: Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year,...

Published 05 Dec, 2023 11:41am

Forex

Most Asian FX, stocks fall after traders reconsider Fed rate cut bets

Most Asian currencies fell on Tuesday, with the South Korean won suffering the most losses, while equities were...

Published 05 Dec, 2023 11:19am

Energy

Saudi non-oil activity eases in November but outlook improves

DUBAI: Growth in non-oil business activity in Saudi Arabia eased in November from the previous month as a decline in...

Published 05 Dec, 2023 11:16am

Business & Finance

World Bank says Philippines economy to grow 5.6% this year, below govt target

MANILA: The Philippine economy is expected to grow 5.6% this year and 5.8% next year, the World Bank said on...

Published 05 Dec, 2023 11:13am

Mutual Funds

India bond yields flattish, traders eye demand at state debt sale

MUMBAI: Indian government bond yields were trading sideways in early session on Tuesday, with traders eyeing demand...

Published 05 Dec, 2023 11:08am

Business & Finance

India’s Adani Green secures additional $1.36bn loan

BENGALURU: India’s Adani Green Energy said on Tuesday it has received a follow-on funding of $1.36 billion via a...

Published 05 Dec, 2023 11:07am

Bullion Rate

Gold ticks up on weaker US dollar, bond yields

Gold prices rose on Tuesday, as the US dollar and Treasury yields fell after traders slightly pared bets for an...

Published 05 Dec, 2023 11:05am

Commodities

Palm oil falls for third straight day on weak rival oils

JAKARTA: Malaysian palm oil futures extended declines to a third straight session on Tuesday, weighed down by...

Published 05 Dec, 2023 11:04am

Europe

Russian air defence systems destroy 41 Ukraine-launched drones

Russian air defence systems destroyed or intercepted a total of 41 Ukraine-launched drones overnight and early...

Published 05 Dec, 2023 11:03am

Energy

Russia’s 2023 LNG exports to Asia via Northern Sea Route unchanged from last year

MOSCOW: Exports of Russian liquefied natural gas (LNG) along the eastern sector of the Northern Sea Route remained...

Published 05 Dec, 2023 11:00am

Technology

Foxconn cancels first shift on Tuesday at Indian iPhone facility after extreme weather

BENGALURU: Taiwan’s Foxconn has cancelled the first shift on Tuesday at its Indian facility that makes Apple iPhones...

Published 05 Dec, 2023 10:59am

Commodities

Wheat slips after Canada, Australia raise output forecasts

CANBERRA: Chicago wheat futures retreated on Tuesday after major exporters Canada and Australia upgraded their...

Published 05 Dec, 2023 10:44am

South Asia

Eight dead as cyclone batters India’s southeast coast

CHENNAI: At least eight people were killed as storms lashed India’s southeast coast, police said Tuesday, with...

Published 05 Dec, 2023 10:37am

USA

White House warns Putin could win if Ukraine aid dries up

WASHINGTON: The White House issued a dire warning Monday that US aid for Ukraine will run out by the end of the...

Published 05 Dec, 2023 10:33am

Europe

Record more than 2,000 fossil fuel lobbyists at COP28 talks: NGOs

PARIS: A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as...

Published 05 Dec, 2023 10:26am

Stocks

Asian stocks slide as focus turns to US jobs

SINGAPORE: Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors...

Published 05 Dec, 2023 10:16am

Stocks

Commodity stocks drag Australian shares lower; RBA rate decision in focus

Australian shares fell on Tuesday, incurring broad-based losses led by commodity stocks tracking weakness in...

Published 05 Dec, 2023 10:07am

Stocks

Indian shares set to open at new record highs while global rally eases

BENGALURU: India’s benchmark indexes are set to open at fresh record highs on Tuesday, after scaling new peaks in...

Published 05 Dec, 2023 10:04am

Stocks

China stocks fall on economic concerns, foreign outflows

SHANGHAI: China stocks fell on Tuesday, as mixed economic data elevated concerns about the country’s growth, with...

Published 05 Dec, 2023 10:02am

Forex

Dollar recovers lost ground; Aussie slips after RBA holds rates

SINGAPORE: The US dollar regained some ground on Tuesday and hovered near a one-week high against a basket of...

Published 05 Dec, 2023 10:00am

PM urges youth to avail CPEC opportunity

Inaugurates Pak-China Friendship Hospital and Gwadar Seawater Desalination Plant

Updated 05 Dec, 2023 09:48am

Commodities being imported by TCP: Govt decides to change payment mechanism

ISLAMABAD: The federal government has decided to change payment mechanism of commodities being imported by Trading...

Updated 05 Dec, 2023 09:47am

Four countries: FBR decides to ink deal on Electronic Data Interchange

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to ink agreements on Electronic Data Interchange with the...

Updated 05 Dec, 2023 09:36am

Overbilling in violation of Nepra Act: All Discos including KE to face legal proceedings

ISLAMABAD: While accusing Discos and K-Electric of massive overbilling to hide their inefficiencies, the National...

Updated 05 Dec, 2023 09:35am

Issues related to KE: Al-Jomaih shares its ‘ordeal’ with PM, petroleum minister

ISLAMABAD: Saudi company M/s Al-Jomaih has reportedly shared its ordeal with caretaker Prime Minister Anwar-ul-Haq...

Updated 05 Dec, 2023 09:35am

Business & Finance

Nov oil sales rise 9pc MoM

KARACHI: Pakistan OMC’s recorded sales of 1.4 million tons up 9.0 percent on month-on-month basis while Ex-Furnace...

Updated 05 Dec, 2023 09:09am

Pakistan not on agenda of IMF Executive Board meeting

ISLAMABAD: The International Monetary Fund (IMF) Executive Board has issued meetings scheduled till December 14, but...

Updated 05 Dec, 2023 09:04am

ECP likely to get election funds soon

ISLAMABAD: Finance Secretary Imdad Ullah Bosal on Monday assured the Election Commission of Pakistan (ECP) that the...

Updated 05 Dec, 2023 09:03am

War risk insurance rates edge up

LONDON: War risk insurance premiums edged up for Red Sea voyages after three vessels were attacked in the area on...

Updated 05 Dec, 2023 09:02am

Israeli ground forces move into southern Gaza

GAZA STRIP, (Palestinian Territories): Israel’s army on Monday sent dozens of tanks into southern Gaza as part of...

Updated 05 Dec, 2023 09:02am

Cypher case: IK says will ‘drag’ Bajwa, US embassy officials through the courts

ISLAMABAD: In a bold move, the flamboyant jailed ex-prime minister Imran Khan on Monday categorically said that he...

Updated 05 Dec, 2023 09:02am

BR’s refresher: your morning briefing for the day

Important updates from December 4, 2023

Published 05 Dec, 2023 08:55am

BR Research

No road leads to 21 percent

Since the beginning of current financial year, the State Bank of Pakistan has maintained the benchmark interest rate...

Published 05 Dec, 2023 07:51am

BR Research

WPI: Gas prices take charge

Having gone down last month, the Wholesale Price Index (WPI) is back with another month-on-month increase –...

Published 05 Dec, 2023 07:49am

BR Research

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) is a hydro skimming refinery designed to process imported and local crude oil,...

Published 05 Dec, 2023 07:45am

Opinion

From forced migration to forced repatriation

The caretaker government on 26 September 2023 issued the ‘Illegal Foreigners Repatriation Plan’. According to the...

Updated 05 Dec, 2023 04:13am

Opinion

Israel bent on genocide

Only the naïve could have imagined that Israel would continue the truce that allowed the exchange of some of the...