News Archives for Latest - 2023-12-06

World

Displaced Gazans cram into Rafah despite fears of attack

CAIRO: Tens of thousands of displaced Palestinians have crammed into the Rafah area on Gaza’s border with Egypt to...

Published 06 Dec, 2023 11:11pm

Pakistan

485 foreign players register for PSL 2024 draft

As many as 485 international players from 22 nations registered for the Pakistan Super League (PSL) Player Draft...

Published 06 Dec, 2023 11:00pm

Energy

Oil drops on demand worries after US gasoline inventories swell

Brent crude futures fall $2.81 or 3.5% to $74.39 a barrel
US WTI crude futures drop by $2.74 or 3.8% to $69.58 a barrel

Updated 06 Dec, 2023 10:57pm

Pakistan

At least three dead in fire incident at Karachi’s Ayesha Manzil: mayor

At least three people lost their lives in a fire erupted on the ground floor of a building that housed residences in...

Updated 06 Dec, 2023 10:49pm

Middle East

Despite Gaza death toll soaring, US unlikely to rethink weapons supplies to Israel

WASHINGTON/LONDON/BEIRUT: Facing a soaring death toll from Israel’s renewed offensive in southern Gaza, the Biden...

Updated 06 Dec, 2023 10:49pm

Europe

Biden to announce $175mn for Ukraine, press Congress for more

WASHINGTON: US President Joe Biden will announce $175 million in additional Ukraine aid during remarks at 12 p.m. ET...

Published 06 Dec, 2023 10:46pm

Stocks

Another day, another high: KSE-100 gains 1.5% to close near 64,000

Experts say ongoing momentum signifies boost in investor confidence

Updated 06 Dec, 2023 10:46pm

Markets

Experts see status quo in last monetary policy announcement of 2023

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to meet on Tuesday, December 12,...

Updated 06 Dec, 2023 10:41pm

Forex

Inter-bank: rupee registers 7th consecutive gain against US dollar

Currency appreciates 0.08%, settles at 284.14 against greenback

Updated 06 Dec, 2023 10:40pm

Europe

US charges four Russia-affiliated soldiers with war crimes in Ukraine

WASHINGTON: The United States has charged four Russia-affiliated soldiers with war crimes for their actions toward...

Published 06 Dec, 2023 10:34pm

Forex

Open market: rupee’s strengthening round continues against US dollar

The Pakistani rupee continued to register gains against the US dollar in the open market on Wednesday, while the...

Updated 06 Dec, 2023 10:33pm

World

UN chief warns Gaza war may aggravate threats to global peace, security

UNITED NATIONS: United Nations Secretary-General Antonio Guterres warned the Security Council on Wednesday that the...

Published 06 Dec, 2023 10:26pm

Pakistan

Imran free to contest upcoming elections: caretaker PM Kakar

Says no legal restriction on him or his party

Updated 06 Dec, 2023 10:24pm

Markets

ADB approves $659mn project financing to support Pakistan

The Asian Development Bank (ADB) has approved three projects totalling $658.8 million in Pakistan, which would allow...

Updated 06 Dec, 2023 10:22pm

Pakistan

Nawaz Sharif meets PML-Q’s Chaudhry Shujaat to discuss electoral alliance

Nawaz visits PML-Q leader at his residence in Lahore

Updated 06 Dec, 2023 10:21pm

Europe

Putin lands in Abu Dhabi on Middle East visit

ABU DHABI: President Vladimir Putin is in the United Arab Emirates for a rare visit outside the former Soviet Union...

Updated 06 Dec, 2023 10:20pm

Pakistan

Security forces kill terrorist in KP’s DI Khan: ISPR

Security forces on Wednesday killed a terrorist during an intelligence-based operation in the Kulachi area of...

Published 06 Dec, 2023 10:14pm

Business & Finance

NBFC sector sees 35.9% asset growth in FY23: SECP

The collective asset base of the Non-Banking Finance Companies (NBFC) sector stood at Rs2.87 trillion as of June 20,...

Published 06 Dec, 2023 10:05pm

Middle East

Saudi Arabia urges US restraint as Yemen’s Houthis attack ships in Red Sea

Houthis have waded into conflict that has spread around Middle East since war in Gaza erupted on October 7, attacking vessels in vital shipping lanes and firing drones and missiles at Israel

Published 06 Dec, 2023 09:47pm

USA

Canada’s trade surplus grows more than expected in October

OTTAWA: Canada recorded a larger-than-expected trade surplus of C$2.97 billion ($2.19 billion) in October, as...

Published 06 Dec, 2023 08:32pm

Business & Finance

ABAD rejects increase in property valuation rates

Says property prices have dropped by 40% approximately and increasing valuation doesn’t make sense amid economic crisis

Published 06 Dec, 2023 08:29pm

Technology

Google looks to take generative AI lead with Gemini

SAN FRANCISCO: Google on Wednesday infused its Bard chatbot with a new-generation artificial intelligence model...

Published 06 Dec, 2023 08:28pm

Stocks

US stocks higher as private-sector hiring cools

NEW YORK: Wall Street stocks bounced early Wednesday following US data that showed a moderation in hiring that...

Published 06 Dec, 2023 08:24pm

Movies & Music

Finance czars, Taylor Swift, ‘Barbie’ among Forbes’ World’s Most Powerful Women 2023

President of the European Central Bank Christine Lagarde, Managing Direcor of the International Monetary Fund (IMF)...

Published 06 Dec, 2023 08:21pm

Companies

India’s TV18 Broadcast to merge with Network18 in $1.2bn deal

BENGALURU: India’s TV18 Broadcast will merge with Network18 Media & Investments in a $1.2 billion deal that will...

Published 06 Dec, 2023 08:10pm

Middle East

Saudi expects budget deficits in 2023, 2024: finance ministry

RIYADH: Saudi Arabia on Wednesday announced it was projecting a budget deficit of 2 percent of GDP in 2023 and 1.9...

Published 06 Dec, 2023 08:04pm

Asia

China launches world’s first fourth-generation nuclear reactor

BEIJING: China began commercial operations of the world’s first next-generation, gas-cooled nuclear reactor power...

Published 06 Dec, 2023 08:00pm

Sports

Nadal confident he will be ‘competitive’ on return

MADRID: Rafael Nadal on Wednesday insisted he will be “competitive” when he returns to professional tennis next...

Published 06 Dec, 2023 07:40pm

Business & Finance

US October trade deficit widens further on falling exports

WASHINGTON: The US trade deficit continued to grow in October due to a fall in exports, according to government data...

Published 06 Dec, 2023 07:39pm

Movies & Music

Tom Hanks brings love of space to new immersive London show

LONDON: Archive footage of space rockets taking off beam across giant walls in a new immersive show in London, as...

Published 06 Dec, 2023 07:34pm

Companies

Indus Motor Company lines-off Pakistan’s first 1800cc hybrid EV

Indus Motor Company (IMC) lined-off the 4th generation Toyota Corolla Cross Hybrid Electric Vehicle (HEV) at a...

Published 06 Dec, 2023 07:10pm

Sports

Shane Watson takes over as Quetta Gladiators head coach

Quetta Gladiators have confirmed the appointment of former Australia all-rounder Shane Watson as head coach of the...

Published 06 Dec, 2023 07:21pm

Commodities

Copper prices recover on supply concerns, strong dollar limits gains

LONDON: Copper prices rose in London on Wednesday after two sessions of falls due to concerns about the availability...

Published 06 Dec, 2023 07:19pm

Forex

Ukraine foreign currency reserves slip to $38.8bn as of Dec 1: central bank

KYIV: Ukraine’s foreign currency reserves slipped to about $38.8 billion as of Dec. 1, the central bank said on...

Published 06 Dec, 2023 07:09pm

USA

US private payrolls miss expectations in November

WASHINGTON: U.S. private payrolls increased less than expected in November as the labor market gradually cools....

Published 06 Dec, 2023 06:29pm

Europe

Italy withdraws from China’s Belt and Road project

ROME: Italy has withdrawn from China’s vast Belt and Road infrastructure initiative, more than four years after...

Published 06 Dec, 2023 06:03pm

Europe

UK announces new sanctions targeting ‘Putin’s war machine’ in Ukraine

LONDON: Britain on Wednesday announced a fresh round of sanctions against Russia’s “war machine” in Ukraine, as...

Published 06 Dec, 2023 05:48pm

Money & Banking

Bank of England warns on fallout from rate hikes

LONDON: The Bank of England on Wednesday said its multiple interest-rate hikes aimed at cooling high inflation would...

Published 06 Dec, 2023 05:44pm

Europe

Turkiye rejects ‘buffer zone’ plan for Gaza, Erdogan says

ANKARA: Turkiye rejects plans to establish a post-war buffer zone in Gaza because it would be disrespectful to...

Published 06 Dec, 2023 05:38pm

Middle East

COP28 must mark ‘beginning of the end’ of fossil fuels: EU

DUBAI: The UN’s COP28 talks in Dubai must “mark the beginning of the end” of fossil fuels, the European Union’s...

Published 06 Dec, 2023 05:17pm

Cricket

Spinners drag Bangladesh back into contest as Kiwis teeter on 55-5

DHAKA: Spinners Mehidy Hasan and Taijul Islam shared five wickets between them to help Bangladesh claw their way...

Updated 06 Dec, 2023 05:13pm

Stocks

Stock markets advance on rate-cut hopes

LONDON: Global equities rose Wednesday with Frankfurt striking a record peak, as investors tracked resurgent hopes...

Updated 06 Dec, 2023 05:10pm

Cricket

Pakistan skipper Shan Masood hits century in Australia warm-up

SYDNEY: New Pakistan skipper Shan Masood hit an unbeaten 156 on Wednesday in a warm-up match in Canberra ahead of...

Published 06 Dec, 2023 04:44pm

Stocks

IT, energy stocks lift Indian shares to new all-time highs

BENGALURU: India’s benchmark indexes advanced to fresh record highs for the third consecutive session on Wednesday,...

Published 06 Dec, 2023 04:40pm

Commodities

Palm oil falls to four-week low on weak rival oils

JAKARTA: Malaysian palm oil futures fell for a fourth session on Wednesday to their lowest closing in more than four...

Published 06 Dec, 2023 04:37pm

Business & Finance

Dubai Chambers attracts 101 digital startups in 2023

Dubai looks to 'activate role of private sector as key driver of sustainable economic growth'

Published 06 Dec, 2023 04:16pm

Money & Banking

Karandaaz issues ‘white paper’ on advantages, prospects of ‘open banking’

ISLAMABAD: Open banking in Pakistan has enabled consumers to manage and track their financial data and empowers them...

Updated 06 Dec, 2023 04:23pm

Bullion Rate

Gold price per tola drops Rs1,300 in Pakistan

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

Published 06 Dec, 2023 04:12pm

Arts

10 prominent Pakistanis granted UAE Golden Visas

Ali Zafar, Maya Ali and Naseem Shah among many Pakistani celebrities who have received the coveted visa

Published 06 Dec, 2023 03:47pm

Europe

Russia’s Lavrov to visit UAE and Qatar on Dec. 8-10

MOSCOW: Russian Foreign Minister Sergei Lavrov will visit the United Arab Emirates and Qatar on Dec. 8-10, Maria...

Published 06 Dec, 2023 03:42pm

Stocks

Gulf bourses mostly flat on falling oil prices; Saudi edges up

Gulf stock markets fell on Wednesday on falling oil prices, while Saudi Arabia’s shares edged up following two...

Published 06 Dec, 2023 03:40pm

Forex

Kenyan shilling slightly firmer after big rate hike

Kenya’s shilling was slightly stronger against the US dollar on Wednesday, after a big interest rate hike by the...

Published 06 Dec, 2023 03:34pm

Pakistan

Contempt case: ECP to hold proceedings against Imran on Dec 13

Case proceedings will be held at Rawalpindi’s Adiala Jail

Published 06 Dec, 2023 03:33pm

Sports

Unusual dismissals in Test cricket

DHAKA: Bangladesh’s Mushfiqur Rahim became only the second batsman in Test history to be dismissed for obstructing...

Published 06 Dec, 2023 03:29pm

Business & Finance

Moody’s downgrades Hong Kong rating outlook to negative

HONG KONG: Ratings agency Moody’s downgraded the outlook on Hong Kong’s credit rating to negative from stable on...

Published 06 Dec, 2023 03:23pm

Sports

Former champion Wozniacki handed Australian Open wildcard

MELBOURNE: Caroline Wozniacki was awarded a wildcard to the Australian Open on Wednesday as the 2018 champion...

Published 06 Dec, 2023 03:20pm

South Asia

Iran court orders US to pay $50bn for Soleimani assassination

TEHRAN: A Tehran court has ordered the US government to pay nearly $50 billion in damages for assassinating a top...

Published 06 Dec, 2023 03:17pm

Pakistan

‘Welcome’ sign prompts closure of Afghan-Pakistan crossing

PESHAWAR: A “Welcome to Pakistan” sign meant to greet travellers from Afghanistan instead caused the shutdown of the...

Published 06 Dec, 2023 03:17pm

Middle East

UN climate chief slams ‘posturing’ in COP28 talks

DUBAI: UN climate chief Simon Stiell accused nations of “posturing” at the COP28 talks in Dubai on Wednesday and...

Published 06 Dec, 2023 03:07pm

Middle East

Israel, Hamas engage in fierce clashes in southern Gaza

GAZA: Israel’s military bombarded southern Gaza’s main city in what it said was the heaviest fighting since it began...

Published 06 Dec, 2023 03:02pm

South Asia

Chennai flooded as heavy rains from cyclone Michaung batter south India

CHENNAI/HYDERABAD: Rescuers used boats to reach people stranded in their homes amid widespread flooding in the...

Published 06 Dec, 2023 02:47pm

Stocks

UK’s FTSE 100 flat as mining gains offset BAT losses

Britain’s FTSE 100 was flat in early trade on Wednesday, as gains in mining stocks offset losses in British American...

Published 06 Dec, 2023 02:43pm

Business & Finance

Chinese media calls Moody’s ‘biased’, govt reaction seen more restrained

BEIJING: Chinese state media called Moody’s “biased” on Wednesday for its negative rating outlook on the world’s No....

Published 06 Dec, 2023 02:38pm

Technology

ByteDance offers investors share buyback, valued at $268bn

HONG KONG: TikTok owner ByteDance is offering to buy back around $5 billion worth of shares from investors at a...

Published 06 Dec, 2023 02:35pm

Middle East

Israel reviewing strike that harmed Lebanese troops, army says

OCCUPIED JERUSALEM: The Israeli army said on Wednesday it was reviewing a strike that harmed Lebanese troops in...

Published 06 Dec, 2023 02:34pm

World

Blinken, Wang discuss US diplomatic efforts in Middle East

US Secretary of State Antony Blinken discussed his recent travel in the Middle East and US diplomatic efforts in the...

Published 06 Dec, 2023 02:33pm

Business & Finance

Sri Lanka expects second tranche of IMF programme on Dec. 12

Sri Lanka expects the second tranche of its IMF programme on Dec. 12, cabinet spokesperson and transport minister...

Published 06 Dec, 2023 02:31pm

Business & Finance

World Bank’s Banga calls for record replenishment of fund for poorest countries

World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the...

Published 06 Dec, 2023 02:29pm

World

Taliban rule ‘made girlhood illegal’, says Malala

JOHANNESBURG: Nobel Peace Prize laureate Malala Yousafzai said Tuesday that Taliban rule in Afghanistan has made...

Updated 06 Dec, 2023 02:12pm

Commodities

Iron ore rises on upbeat economic data, easing intervention concerns

SINGAPORE: Dalian iron ore futures rose on Wednesday, buoyed by positive economic data and persistently strong...

Published 06 Dec, 2023 01:52pm

Business & Finance

Clariant to cut 170 jobs after closing Romania plant, downsize German operations

ZURICH: Clariant cut its full year earnings guidance on Wednesday after it said it would close its bioethanol plant...

Published 06 Dec, 2023 01:51pm

Technology

Nissan, Mitsubishi still plan investment in Renault EV unit

PARIS: Renault’s long-standing partners Nissan and Mitsubishi still intend to invest in the French car maker’s...

Published 06 Dec, 2023 01:49pm

South Asia

Indian govt seeks parliament nod for extra spending for FY24

NEW DELHI: The Indian government on Wednesday sought parliament’s approval for additional spending of 1.29 trillion...

Published 06 Dec, 2023 01:48pm

Movies & Music

Hollywood braces for actors’ vote on strike deal

LOS ANGELES: Hollywood on Tuesday anxiously waited to learn if actors have approved their union’s hard-fought deal...

Published 06 Dec, 2023 01:46pm

South Asia

Iran sends up rocket with test living capsule

DUBAI: Iran sent up a rocket with a test living space capsule on Wednesday, the semi-official Tasnim news agency...

Published 06 Dec, 2023 01:45pm

Forex

South African rand gains on bets of Fed rate cut after muted US jobs data

JOHANNESBURG: The South African rand firmed in early trade on Wednesday after subdued US labour data boosted bets...

Published 06 Dec, 2023 01:44pm

Europe

Putin to talk oil in UAE and Saudi, to meet Crown Prince Mohammed bin Salman

MOSCOW: Russian President Vladimir Putin visits the United Arab Emirates and Saudi Arabia on Wednesday and will hold...

Published 06 Dec, 2023 01:43pm

Forex

Russian rouble slides to over one-month low vs dollar

MOSCOW: The Russian rouble fell to a more than one-month low past 93 to the dollar on Wednesday, under pressure from...

Published 06 Dec, 2023 01:40pm

Commodities

Algeria bought about 450,000 T to 500,000 T durum wheat in tender

HAMBURG: Algeria’s state grains agency OAIC is believed to have purchased around 450,000 to 500,000 metric tons...

Published 06 Dec, 2023 01:39pm

South Asia

India to probe Apollo Hospital Delhi’s alleged links to ‘cash for kidneys’ scandal

NEW DELHI/HYDERABAD: India’s health ministry has ordered a probe into Apollo Hospital Delhi, part of largest private...

Published 06 Dec, 2023 01:37pm

Europe

2023 to be hottest year on record after ‘extraordinary’ November

PARIS: This year will be the hottest in recorded history after an “extraordinary” November became the sixth...

Published 06 Dec, 2023 12:52pm

Pakistan

IHC turns down Imran’s withdrawal plea in Toshakhana case

The Islamabad High Court (IHC) turned down on Wednesday former Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s...

Updated 06 Dec, 2023 12:48pm

Europe

EU seeks agreement on world’s first AI law

BRUSSELS: The European Union will seek to thrash out an agreement on sweeping rules to regulate artificial...

Published 06 Dec, 2023 12:47pm

Asia

Indonesia volcano search effort focuses on last missing hiker

AGAM: Indonesian rescuers were searching on Wednesday for the final hiker who went missing after a volcano eruption...

Published 06 Dec, 2023 12:41pm

Sports

‘Perfect ending’ as Canada star Sinclair bows out

VANCOUVER: Canada striker Christine Sinclair made an emotional farewell to international football on Tuesday,...

Published 06 Dec, 2023 12:33pm

Anti-electricity theft, recovery drive a flop?

Pakistan’s power sector circular debt stock crosses Rs 2.6 trillion

Updated 06 Dec, 2023 12:28pm

Commodities

Wheat dips after more Chinese buying extends rally

CANBERRA: Chicago wheat futures fell on Wednesday, after confirmation of the second large Chinese purchase of US...

Published 06 Dec, 2023 11:56am

Forex

Australia, NZ dollars find support; bonds surge on rate cut bets

SYDNEY: The Australian and New Zealand dollars found their footing on Wednesday after sliding the previous session,...

Published 06 Dec, 2023 11:54am

Mutual Funds

10-year JGB yield slumps to multi-month lows tracking US peers

TOKYO: Japanese government bond (JGB) yields fell across the curve on Wednesday, tracking an overnight slump in US...

Published 06 Dec, 2023 11:48am

Sports

Maxwell to play in IPL until he ‘can’t walk anymore’

MELBOURNE: Australia all-rounder Glenn Maxwell says the Indian Premier League (IPL) has been so good to him that he...

Published 06 Dec, 2023 11:47am

Markets

Cherat Packaging to sell papersack Line V for $4.7mn

Cherat Packaging Limited (CPPL), a supplier of packaging material to the country’s cement industry, has agreed to...

Published 06 Dec, 2023 11:47am

Stocks

China blue-chip stocks hit 5-year lows, yuan eases after Moody’s move

SHANGHAI: China’s blue-chip stocks slumped to an almost five-year trough on Wednesday while the yuan currency...

Published 06 Dec, 2023 11:45am

Business & Finance

Thai business group keeps 2023 growth forecast at 2.5%-3.0%

BANGKOK: Thailand’s economy is expected to grow 2.5% to 3.0% this year, unchanged from a previous forecast, a...

Published 06 Dec, 2023 11:43am

Commodities

Palm oil trades lowest since Nov 1 on weak rival oils

JAKARTA: Malaysian palm oil futures fell for a fourth session on Wednesday to hit their lowest since Nov. 1,...

Published 06 Dec, 2023 11:42am

Europe

Ukraine air force says Russia launches 48 attack drones

Russia launched a total of 48 attack drones overnight on Ukraine, Ukraine’s air force said on Wednesday, adding that...

Published 06 Dec, 2023 11:40am

Bullion Rate

Gold ticks up as dollar slips, investors await US jobs data

Gold prices edged higher on Wednesday as the dollar eased and weaker-than-expected US jobs data cemented...

Published 06 Dec, 2023 11:39am

Energy

Saudi Arabia lowers Arab Light crude price to Asia

Top oil exporter Saudi Arabia has lowered prices for the flagship Arab light crude it sells to Asia in January for...

Published 06 Dec, 2023 11:36am

Asia

Death toll in Philippine ‘killer curve’ bus accident rises to 17

MANILA: A passenger severely injured when a bus plunged into a ravine in the central Philippines has died, taking...

Published 06 Dec, 2023 11:20am

Mutual Funds

Vietnam raises $131.8mn in govt bond auction

HANOI: Vietnam on Wednesday raised 3.2 trillion dong ($131.80 million) selling government bonds at an auction on the...

Published 06 Dec, 2023 11:15am

USA

One in five children in rich countries lives in poverty: UNICEF

UNITED NATIONS: Sixty-nine million children – or more than one in five – live in poverty in the world’s 40 richest...

Published 06 Dec, 2023 10:55am

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks opened slightly lower Wednesday as traders brushed off softer US jobs data, with a...

Published 06 Dec, 2023 10:51am

Sports

Scorchers red-hot favourites to win third Big Bash League in a row

SYDNEY: Perth Scorchers head into the 13th edition of Australia’s Twenty20 Big Bash League as overwhelming...

Published 06 Dec, 2023 10:49am

Asia

Ukraine’s Zelensky to join G7 leaders video summit Wednesday: Japan

TOKYO: Ukrainian President Volodymyr Zelensky will join a video summit later Wednesday with the leaders of the G7,...

Published 06 Dec, 2023 10:42am

World

Air New Zealand aims to fly battery-powered plane by 2026

WELLINGTON: Air New Zealand said Wednesday it aims to become the first airline to fly an electric plane after...

Published 06 Dec, 2023 10:40am

USA

US signs defence cooperation agreement with Sweden

WASHINGTON: The United States and Sweden on Tuesday signed a first-ever defence cooperation agreement that will...

Published 06 Dec, 2023 10:37am

Stocks

Asia stocks gain as lower bond yields buoy tech; oil sags

TOKYO: Asia-Pacific equities gained on Wednesday as bets firmed for a peak in interest rates among major central...

Published 06 Dec, 2023 10:01am

FCA mechanism: Discos’ tariff for Oct raised by Rs3 per unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has increased tariff of power Distribution...

Updated 06 Dec, 2023 10:00am

Digital payments: SBP launches ‘Raast P2M’ service

KARACHI: The State Bank of Pakistan (SBP) has launched an interoperable Raast Person to Merchant (P2M) service to...

Updated 06 Dec, 2023 09:50am

Mutual Funds

Indian bond yields seen slightly lower tracking US peers, oil

MUMBAI: Indian government bond yields are likely to trend lower in early trading on Wednesday as US yields and oil...

Published 06 Dec, 2023 09:48am

Forex

Indian rupee to gauge dollar’s recovery even as economic data drives US yields lower

MUMBAI: The Indian rupee is likely to open little changed on Wednesday amid a recovery in the greenback even as US...

Published 06 Dec, 2023 09:45am

Technology

Nvidia to develop new chips that comply with US export regulations

SINGAPORE: Nvidia will continue to develop a new set of products that comply with US government regulations...

Published 06 Dec, 2023 09:41am

Stocks

Indian shares set to open at new record highs for third session

BENGALURU: India’s benchmark indexes are set to open at fresh record highs for the third session in a row on...

Published 06 Dec, 2023 09:39am

Forex

Dollar steady as traders weigh labour data, rate outlook

SINGAPORE: The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed US...

Published 06 Dec, 2023 09:36am

Stocks

Financials push Australian shares higher after RBA keeps cash rate steady

Australian shares climbed on Wednesday led by financial stocks, as investor sentiment was uplifted after the central...

Published 06 Dec, 2023 09:34am

Stocks

Japan’s Nikkei up sharply as chip-related stocks rally

TOKYO: Japan’s Nikkei share average traded sharply higher on Wednesday, rebounding from a steep decline in the...

Published 06 Dec, 2023 09:32am

FBR notifies list of entities to be integrated with its ‘RADAR’

ISLAMABAD: The remittance gateways licensed by the State Bank of Pakistan (SBP) are among the financial institutions...

Updated 06 Dec, 2023 09:29am

KE only Disco using handheld device for meter reading: Nepra

KARACHI: National Electricity Regulatory Authority (Nepra) has said that the KE is the only Disco that is using...

Updated 06 Dec, 2023 09:28am

BR Research

Currency diary

On the face of it, the currency market is moving smoothly. There is no stress in the market. The currency is...

Published 06 Dec, 2023 09:02am

BR Research

OMC sales in 5MFY24

The oil marketing companies have been facing weaker oil sales over the last year. Monthly petroleum sales in the...

Published 06 Dec, 2023 09:00am

BR Research

Mari Petroleum Company Limited

By operating the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, Mari Petroleum Company Limited...

Published 06 Dec, 2023 08:57am

FD releases Rs17.4bn to ECP

ISLAMABAD: The Finance Division on Tuesday released Rs17.4 billion to the Election Commission of Pakistan (ECP) for...

Updated 06 Dec, 2023 08:50am

Commercial operation date: Nepra likely to grant Zorlu 4-month extension

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday hinted at granting extension for four...

Updated 06 Dec, 2023 08:43am

Business & Finance

GDs inspections, PCAs: Material violations fall to 7pc from 8pc in 2022-23: World Bank

ISLAMABAD: The material violations detected from custom inspection and audits decreased from eight percent in...

Updated 06 Dec, 2023 08:42am

Business & Finance

Jul-Oct govt debt stocks increased by Rs1.641trn

KARACHI: The federal government’s total debt (domestic and external) stocks increased by Rs 1.641 trillion during...

Updated 06 Dec, 2023 08:40am

Minister reviews power sector progress

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed, on Tuesday,...

Updated 06 Dec, 2023 08:38am

FBR to integrate real time data of 145 entities

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to integrate all financial data and economic transactions...

Updated 06 Dec, 2023 08:37am

BR’s refresher: your morning briefing for the day

Important updates from December 5, 2023

Published 06 Dec, 2023 08:36am

World

Israel storms Khan Younis in southern Gaza

GAZA: Israeli forces stormed southern Gaza’s main city on Tuesday in what they called the most intense day of...

Updated 06 Dec, 2023 04:58am

World

Hamas officials join Mandela family for anniversary tributes

PRETORIA: Senior Hamas officials on Tuesday joined the family of Nelson Mandela to mark the 10th anniversary of his...

Updated 06 Dec, 2023 04:58am

Sports

Zaka blamed for hiring people on hefty salaries in PCB

LAHORE: Pakistan Cricket Board (PCB) management committee chairman Zaka Ashraf has hired 70 to 80 people in the PCB...