News Archives for Latest - 2023-12-11

<<>>

Archive - 2023-12-11

Europe

White House: Seeing increased missile, drone attacks by Russians in Ukraine

ABOARD AIR FORCE ONE: Russia is increasing its missile and drone attacks on civilian infrastructure in Ukraine and...

Published 11 Dec, 2023 11:59pm

Pakistan

JI to table no-trust motion against Karachi mayor Murtaza Wahab

Jamaat-e-Islami (JI) Karachi Chief Hafiz Naeem Ur Rehman announced on Monday that his party would soon table a...

Published 11 Dec, 2023 11:49pm

Europe

IMF chief Georgieva to meet with Ukraine’s Zelenskiy on Monday: IMF spokesperson

WASHINGTON: International Monetary Fund (IMF) chief Kristalina Georgieva will meet with Ukrainian President...

Published 11 Dec, 2023 11:52pm

World

U.N. envoys say ‘enough’ to war on trip to Gaza border

RAFAH CROSSING: U.N. Security Council envoys spoke of unimaginable suffering and urged an end to the war in the Gaza...

Published 11 Dec, 2023 11:26pm

World

Hostages were drugged, abused in Gaza: Israeli doctor

TEL AVIV: Hostages hauled into Gaza during Hamas’s October 7 attack on Israel were drugged to keep them docile in...

Published 11 Dec, 2023 10:58pm

Pakistan

Justice Ijazul Ahsan objects to benches hearing military trial, Justice Naqvi appeals

Senior Supreme Court judge Justice Ijazul Ahsan on Monday voiced objections to the formation of two benches hearing...

Published 11 Dec, 2023 10:57pm

Industry

Spurious and expensive smuggled drugs replacing legit medicines in Pakistan: PPMA

The Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has on Monday lamented the government’s apathy towards...

Updated 11 Dec, 2023 10:29pm

Pakistan

Bilawal ‘could’ be PPP candidate for premiership: Zardari

Says military establishment and political stakeholders need to work together in future

Published 11 Dec, 2023 10:18pm

Luxury

Indian designer Manish Malhotra opens first global flagship store in Dubai Mall

Eminent Indian couture designer Manish Malhotra opened his flagship store in Dubai Mall within glitzy Fashion Avenue...

Updated 11 Dec, 2023 09:45pm

Europe

Zelensky arrives in US to plead for continued Ukraine war aid

WASHINGTON: Ukrainian President Volodymyr Zelensky was set Monday to make a last-ditch plea for US aid before it...

Published 11 Dec, 2023 09:37pm

Europe

Putin unveils two new nuclear submarines

MOSCOW: Russian President Vladimir Putin Monday promised to reinforce Russia’s “military-naval might” as he attended...

Published 11 Dec, 2023 09:35pm

Business & Economy

SBP seen holding key policy rate as monetary policy committee meets Tuesday

Pakistan's key rate was raised to an all-time high of 22% in June and has stayed unchanged for the last three rate meetings

Updated 11 Dec, 2023 09:32pm

Forex

Inter-bank: rupee settles lower against US dollar

Currency depreciates 0.01%, settles at 283.90 against greenback

Updated 11 Dec, 2023 09:27pm

Stocks

KSE-100 retreats 211 points but stays above 66,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index snapped its 7-session rally on Monday as it closed 211...

Updated 11 Dec, 2023 09:26pm

Pakistan

Lifetime disqualification verdict, Elections Act amendment cannot co-exist: CJP

CJP Isa says the case should be heard by a larger bench because it involves constitutional issues

Updated 11 Dec, 2023 09:26pm

Energy

Mari Petroleum successfully drills development well in Sindh

Mari Petroleum Company Limited (MARI), one of the largest producers of natural gas in the country, has successfully...

Updated 11 Dec, 2023 09:25pm

Business & Economy

ADB approves $155.5mn funding to boost female access to finance in Pakistan

Says that while Pakistan’s financial inclusion has been improving, women are increasingly left behind with a large gender finance gap which currently stands at 34%

Updated 11 Dec, 2023 09:24pm

Industry

Passenger car sales in Pakistan plunge 68% YoY in November

Passenger car sales in Pakistan witnessed a steep fall of 68% on a year-on-year (YoY) basis in November 2023, data...

Published 11 Dec, 2023 09:11pm

USA

IMF’s Gopinath warns fragmentation of global economy could cut GDP by 7%

WASHINGTON: The International Monetary Fund’s No. 2 official on Monday warned that fragmentation in the global...

Published 11 Dec, 2023 08:53pm

Stocks

US stocks near flat at start of big economic news week

NEW YORK: Wall Street stocks treaded water early Monday ahead of a trove of major economic data releases and central...

Published 11 Dec, 2023 08:20pm

Stocks

Market cap: Pakistan’s energy giant Mari Petroleum joins billion-dollar club

Becomes 7th company with market cap of over billion dollars at PSX

Updated 11 Dec, 2023 08:00pm

Cricket

England include three uncapped players in squad for India series

Three uncapped players have been included in England’s squad for the five-Test series against India, which begins in...

Published 11 Dec, 2023 07:18pm

South Asia

Sri Lanka approves VAT hike to 18% ahead of IMF review

COLOMBO: Sri Lanka’s parliament approved a hike in value-added tax (VAT)to 18% from 15% on Monday ahead of the...

Published 11 Dec, 2023 07:09pm

South Asia

Iranian foreign minister says neither Iran nor Israel believe in a two state solution

DUBAI: The only thing Iran and Israel share is that both do not believe in a two-state solution, Iran’s foreign...

Published 11 Dec, 2023 06:58pm

Energy

Oil prices edge down with investors still wary

LONDON: Oil prices dipped on Monday as worries persisted around crude oversupply despite OPEC+ cuts and softer fuel...

Updated 11 Dec, 2023 06:28pm

Football

Zlatan Ibrahimovic returns to AC Milan as advisor

MILAN: Zlatan Ibrahimovic has returned to AC Milan as an advisor to the Serie A club’s management, owners RedBird...

Published 11 Dec, 2023 06:24pm

Life & Style

Confectioners eye holiday boost as UK shoppers snub expensive gifts

LONDON: Quality Street maker Nestle and Cadbury owner Mondelez are seeing higher sales of confectionery in Britain...

Published 11 Dec, 2023 06:23pm

Europe

Russia demands release of hostages in talks with Palestinians

MOSCOW: Russian Deputy Foreign Minister Mikhail Bogdanov demanded the release of hostages held in Gaza in telephone...

Published 11 Dec, 2023 06:22pm

Stocks

Sri Lanka shares end higher, boosted by industrials, consumer staples

CSE All-Share index settled 0.53% higher at 10,850.78

Published 11 Dec, 2023 06:03pm

Middle East

Fighting intensifies across Gaza, raising alarm over potential exodus into Egypt

GAZA/CAIRO: Fighting between Israel and Hamas intensified across Gaza on Monday, fuelling fears flagged by the...

Published 11 Dec, 2023 05:57pm

Perspectives

COP-28 and Pakistan: pledges galore, but any action?

COP-28 – the 28th Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) – is...

Updated 11 Dec, 2023 05:41pm

Forex

Open-market: rupee unchanged against US dollar

The Pakistani rupee closed unchanged against the US dollar in the open market on Monday, while the local currency...

Updated 11 Dec, 2023 05:35pm

Pakistan

Zulfikar Bhutto’s death sentence: Bilawal moves SC for live streaming proceedings

A nine-member larger bench led by CJP Qazi Faez Isa is set to take up the reference on Tuesday

Updated 11 Dec, 2023 05:30pm

Bullion Rate

Gold extends downtrend in Pakistan

Gold prices continued to fall in Pakistan on Monday in line with decrease in the international rate. The yellow...

Published 11 Dec, 2023 05:10pm

Europe

France, Germany, Italy back EU sanctions scheme to target Hamas

BRUSSELS: France, Germany and Italy called for the European Union to set up a special sanctions scheme to target...

Published 11 Dec, 2023 05:13pm

Stocks

Stocks diverge at start of key week for rate calls

LONDON: Stock markets diverged Monday ahead of a busy week for interest-rate decisions from major central banks. The...

Updated 11 Dec, 2023 05:11pm

Europe

Russia to hold presidential vote in occupied Ukraine

MOSCOW: Voting for the Russian presidential election, which is likely to see Vladimir Putin re-elected, will be held...

Published 11 Dec, 2023 05:09pm

Europe

Scholz calls for Ukraine backing as aid wobbles

BERLIN: German Chancellor Olaf Scholz on Monday called on Western allies to send a “message” to Russian President...

Published 11 Dec, 2023 05:07pm

Arts

Spanish fashion brand Zara faces backlash over Instagram posts ‘depicting Gaza devastation’

Advertorial invokes criticism for 'insensitivity' at a time when over 18,000 Palestinians have lost their lives to Israeli aggression

Published 11 Dec, 2023 04:46pm

Stocks

India’s Nifty 50, Sensex trim gains; global markets’ rally fades

BENGALURU: India’s blue-chip indexes pared early gains on Monday, as global stocks’ rally stalled over doubts about...

Published 11 Dec, 2023 04:46pm

Commodities

Aluminium hits weakest in more than three months on fund selling

LONDON: Aluminium prices touched their lowest in more than three months on Monday as speculative funds stepped up...

Published 11 Dec, 2023 04:43pm

Commodities

Palm oil gains on stronger rival oil, lower demand caps gains

NEW DELHI: Malaysian palm oil futures ended slightly higher on Monday, extending gains from the previous session, as...

Published 11 Dec, 2023 04:40pm

Pakistan

IIOJK special status: Pakistan rejects Indian SC verdict on Article 370

Caretaker Foreign Minister Jalil Abbas Jillani says New Dehli’s goal is to convert the Kashmiris into a disempowered community in their own land

Published 11 Dec, 2023 03:56pm

Commodities

Bangladesh issues another tender to buy 50,000 metric tons wheat

HAMBURG: Bangladesh’s state grains buyer has issued another international tender to purchase 50,000 metric tons of...

Published 11 Dec, 2023 03:29pm

Markets

Roshan Digital Accounts: inflow clocks in at $137mn in November

Inflow through the Roshan Digital Account (RDA) clocked in at $137 million in November, down by 3.5% as compared to...

Published 11 Dec, 2023 03:28pm

Europe

Two people killed in Swiss town shooting

GENEVA: Two people were killed and another injured in a shooting in the Swiss town of Sion on Monday, police said....

Published 11 Dec, 2023 03:27pm

Asia

Malaysia PM to announce cabinet reshuffle on Tuesday

KUALA LUMPUR: Malaysia’s Prime Minister Anwar Ibrahim is expected to announce a cabinet reshuffle on Tuesday,...

Published 11 Dec, 2023 03:03pm

Energy

Arab OPEC ministers gather in Doha as COP28 fossil fuel talks continue

DOHA: OPEC’s top Arab energy ministers arrived in Doha on Monday for the 12th Arab Energy Conference as countries...

Published 11 Dec, 2023 03:01pm

Europe

Cate Blanchett calls for focus on education, refugee experience at forum

BRUSSELS: Education for refugees, supporting host countries and hearing personal accounts of those forced to flee...

Updated 11 Dec, 2023 01:56pm

Energy

Russian, Iranian oil sellers boost prices as Venezuelan crude rallies

SINGAPORE: Sellers of sanctioned oil from Russia and Iran are hiking offer prices to China after Venezuelan crude...

Published 11 Dec, 2023 01:54pm

Asia

Snowfall shrouds north China in prelude to even colder weather

BEIJING: The first snowfall of winter arrived in Beijing early Monday, covering the Chinese capital with a mantle of...

Published 11 Dec, 2023 01:52pm

World

Australia plans to halve migrant intake, tighten student visa rules

SYDNEY: Australia on Monday said it would tighten visa rules for international students and low-skilled workers that...

Published 11 Dec, 2023 01:49pm

Stocks

Miners push UK’s FTSE 100 lower at start of cenbank-heavy week

The UK’s FTSE 100 slipped in early trade on Monday, with mining stocks amongst top decliners, while focus remained...

Published 11 Dec, 2023 01:39pm

South Asia

India’s top court upholds end of special status for IIOJK

NEW DELHI: India’s Supreme Court upheld on Monday a 2019 decision by the government of Prime Minister Narendra Modi...

Updated 11 Dec, 2023 01:35pm

Middle East

UN chief urges COP28 to phase out fossil fuels

DUBAI: UN Secretary-General Antonio Guterres on Monday urged an agreement at COP28 to phase out fossil fuels,...

Published 11 Dec, 2023 01:33pm

Companies

Kenya Airways warns of disruptions in holiday season due to spare parts shortages

NAIROBI: Kenya Airways has told its customers to be prepared for potential disruptions to its flights schedule...

Published 11 Dec, 2023 01:16pm

Forex

Russian rouble strengthens towards 91 vs dollar

MOSCOW: The Russian rouble strengthened on Monday, heading towards 91 against the dollar, supported by currency...

Published 11 Dec, 2023 01:14pm

Stocks

Most Gulf bourses track Asian shares lower

Most major stock markets in the Gulf fell in early trade on Monday tracking Asian shares lower ahead of a week...

Published 11 Dec, 2023 01:12pm

Forex

Turkiye lira hits record low 29 versus dollar

ISTANBUL: Turkiye lira touched a new all-time low of 29 to the dollar on Monday and it is down 35% so far this year...

Published 11 Dec, 2023 01:09pm

Commodities

Vietnam Nov rice exports down 5.5 m/m at 600,481 T

HANOI: Vietnam’s rice exports in November fell 5.5% from October to 600,481 metric tons, government customs data...

Published 11 Dec, 2023 12:50pm

Commodities

Vietnam Jan-Nov coffee exports down 10.4% y/y at 1.4mn T

HANOI: Vietnam’s coffee exports in the first 11 months of 2023 were 1.4 million metric tons, down 10.4% from a year...

Published 11 Dec, 2023 12:48pm

Energy

Saudi Aramco to supply full oil volumes to some North Asia refiners in Jan 2024

SINGAPORE: Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes...

Published 11 Dec, 2023 12:34pm

Sports

WTA says no decision yet on 2024 Finals host amid reported Saudi interest

BENGALURU: The WTA is yet to decide on a venue for its 2024 season-ending Finals, the governing body of women’s...

Published 11 Dec, 2023 12:25pm

Forex

Asian currencies, equities fall ahead of key central bank meetings

Asian emerging currencies and equities fell on Monday ahead of key central bank meetings during the week, with the...

Published 11 Dec, 2023 12:20pm

Movies & Music

‘Barbenheimer’ tipped to dominate revamped Golden Globes nominations

LOS ANGELES: ‘Barbie’ and ‘Oppenheimer’ – the unlikely pair of films that dominated the box office and spawned...

Published 11 Dec, 2023 12:12pm

Forex

South African rand weaker ahead of data-filled week

JOHANNESBURG: The South African rand was weaker in early trade on Monday ahead of a week jam-packed with both local...

Published 11 Dec, 2023 12:11pm

Sports

Tired Newcastle must come out fighting says Howe

LONDON: Eddie Howe urged exhausted Newcastle to come out fighting after their 4-1 defeat at Tottenham as the Magpies...

Published 11 Dec, 2023 12:06pm

South Asia

India’s top court orders elections in IIOJK by Sept 2024

NEW DELHI: India’s Supreme Court on Monday directed the election commission to hold elections in the Indian...

Updated 11 Dec, 2023 11:58am

Asia

US F-16 jet crashes in South Korea, pilot rescued after ejecting

SEOUL: A US F-16 fighter jet crashed in South Korea on Monday while on a routine training flight and the pilot was...

Published 11 Dec, 2023 11:57am

Sports

Djokovic says young rivals have awoken his inner ‘beast’

Novak Djokovic turns 37 next year but the Serbian says his appetite for success will only increase with young...

Published 11 Dec, 2023 11:38am

Mutual Funds

JGB yields rise as investors weigh bets on BOJ moving away from negative rates

TOKYO: Japanese government bond (JGB) yields rose on Monday, tracking US Treasury yields higher as investors weighed...

Published 11 Dec, 2023 11:31am

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks tumbled in the opening minutes of trade Monday following data showing China fell further...

Published 11 Dec, 2023 11:22am

Sports

Ten Hag under scrutiny as Man Utd fight for Champions League survival

MANCHESTER: Manchester United’s future in this season’s Champions League hangs by a thread ahead of Bayern Munich’s...

Published 11 Dec, 2023 11:21am

Europe

UN needs $46.4 billion for aid in ‘bleak’ 2024

GENEVA: The United Nations said Monday that it needed $46.4 billion next year to bring life-saving help to around...

Published 11 Dec, 2023 11:18am

Technology

Nvidia wants to set up Vietnam semiconductor base

HANOI: US chip giant Nvidia wants to set up a base in Vietnam to develop its semiconductor industry, its CEO was...

Published 11 Dec, 2023 11:16am

Middle East

UN climate chief urges countries to lift ‘unnecessary tactical blockades’ at COP28

DUBAI: The UN’s climate chief urged countries at the COP28 meeting on Monday to lift “unnecessary tactical...

Published 11 Dec, 2023 11:15am

Europe

UK PM Sunak battles to unite divided party in pivotal week

LONDON: Prime Minister Rishi Sunak faces the most dangerous moment of his premiership this week, when he is due to...

Published 11 Dec, 2023 11:02am

Middle East

Israel presses ahead with aggression in southern Gaza

GAZA/CAIRO: Israeli tanks were trying to push further west in and around Khan Younis on Monday, as they met...

Published 11 Dec, 2023 10:50am

Commodities

China produced record corn crop in 2023 at 288.84mn tons

BEIJING: China produced a record corn crop of 288.84 million metric tons in 2023, up 4% from a year ago even after...

Published 11 Dec, 2023 10:54am

Forex

Indian rupee to contend with uptick in US yields, paring of Fed cut expectations

MUMBAI: The Indian rupee is likely to open slightly weaker on Monday, pressured by a rise in US Treasury yields...

Published 11 Dec, 2023 10:43am

Asia

Japan PM looks to ‘restore trust’ amid fundraising scandal

TOKYO: Japan’s Prime Minister Fumio Kishida said on Monday he would take steps to restore trust in his government...

Published 11 Dec, 2023 10:40am

Bullion Rate

Gold slips ahead of central bank meetings, key US data this week

Gold prices fell further on Monday as the dollar held firm, with investors looking forward to several major central...

Published 11 Dec, 2023 10:36am

Commodities

Wheat dips as speculators hold onto short positions

CANBERRA: Chicago wheat futures on Monday slipped further from last week’s four-month high as speculators held onto...

Published 11 Dec, 2023 10:34am

Sports

Teams fume as Big Bash match abandoned due to dangerous pitch

MELBOURNE: Cricket Australia will conduct a “thorough review” into Sunday’s abandoned Big Bash League (BBL) match in...

Published 11 Dec, 2023 10:32am

Europe

Russian air strike on Kyiv injures two, damages buildings

KYIV: Russia launched an overnight air assault on Kyiv, with debris from the shot down weapons that fell onto...

Published 11 Dec, 2023 10:27am

Commodities

Palm oil opens up in line with rival Chicago soyoil

NEW DELHI: Malaysian palm oil futures opened marginally higher on Monday, extending gains from the previous session,...

Published 11 Dec, 2023 10:24am

Forex

Australia, NZ dollars slip with yuan ahead of central bank fest

SYDNEY: The Australian and New Zealand dollars slipped on Monday, guided lower by yuan weakness amid increasing...

Published 11 Dec, 2023 10:22am

Business & Finance

India’s central bank likely sold US dollars to limit rupee’s losses

MUMBAI: The Reserve Bank of India likely sold US dollars on Monday to curb losses in the rupee, as the currency...

Published 11 Dec, 2023 10:20am

Commodities

Iron ore slides on disappointing China data, falling demand

BEIJING: Iron ore futures fell on Monday on downbeat investor sentiment due to disappointing data in top consumer...

Published 11 Dec, 2023 10:18am

Technology

TikTok to buy GoTo’s Indonesia e-commerce business in $1.5bn deal

JAKARTA: TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm, PT GoTo Gojek...

Published 11 Dec, 2023 10:16am

Forex

China’s yuan weakens to 3-week low, hurt by deflation signs

SHANGHAI: China’s yuan weakened to a three-week low against the firmer dollar on Monday, as signs of deflation...

Published 11 Dec, 2023 10:14am

Stocks

China stocks fall on rising deflationary pressures

SHANGHAI: China stocks slipped on Monday, with the blue-chip benchmark touching a nearly five-year low, after data...

Published 11 Dec, 2023 10:10am

Energy

Japan spot LNG contract price for November not disclosed

The average contract price for spot liquefied natural gas (LNG) cargoes for shipment to Japan last month was not...

Published 11 Dec, 2023 10:09am

Commodities

Thermal coal prices diverge as Japan, South Korea buy more, China, India less: Russell

LAUNCESTON: The prices of differing grades of seaborne thermal coal in Asia are diverging as strong demand for...

Published 11 Dec, 2023 10:07am

Mutual Funds

India benchmark yield heads towards 7.30% as 10-yr US yield moves to 4.25%

MUMBAI: Indian government bond yields rose further on Monday, with the benchmark yield moving towards the 7.30%...

Published 11 Dec, 2023 10:03am

Europe

UK creates unit to clamp down on companies evading Russian sanctions

LONDON: The British government said on Monday it was creating an enforcement unit to increase its power to crack...

Published 11 Dec, 2023 10:01am

Stocks

Asian stocks brace for central bank bonanza

SYDNEY: Asian shares started cautiously on Monday ahead of a week packed with a quintet of central bank meetings and...

Published 11 Dec, 2023 09:55am

Unbudgeted projects: Reappropriation of funds banned

Ministry of Planning, Development and Special Initiatives asks Ministries/ Divisions to place demand of rupee cover against foreign aid to the extent of expenditure to be incurred during CFY

Updated 11 Dec, 2023 09:52am

Stocks

Australia shares climb on rate-cut hopes; employment data in focus

Australian shares rose on Monday led by energy stocks, as strong US jobs report failed to dampen predictions that...

Published 11 Dec, 2023 09:52am

Importer booked for evasion of Rs30m duty

ISLAMABAD: Collectorate of Customs Appraisement- South Asia Pakistan Terminal (SAPT), Karachi has booked an importer...

Updated 11 Dec, 2023 09:50am

Account opening with CDC: SECP’s CGP to facilitate stock market intermediaries, investors

ISLAMABAD: The Securities and Exchange Commission of Pakistan’s (SECP) new initiative of implementing the...

Updated 11 Dec, 2023 09:48am

‘Handling complaints of aggrieved persons’: President sets aside order of Banking Mohtasib

ISLAMABAD: President Dr Arif Alvi has set aside an order of Banking Mohtasib Pakistan and directed the Mohtasib to...

Updated 11 Dec, 2023 09:48am

Saudi minister seeks govt’s intervention for resolution of KE issue

ISLAMABAD: Saudi Minister for Investment Khalid A Al-Falih has sought intervention of Caretaker Minister for Finance...

Updated 11 Dec, 2023 09:47am

Stocks

Japan’s Nikkei bounces off one-month low on soft yen, Wall Street rally

TOKYO: Japan’s Nikkei share average rebounded on Monday from a one-month low touched last week, after the yen pulled...

Published 11 Dec, 2023 09:47am

Stocks

India’s Nifty 50 set to open at all-time high

BENGALURU: India’s benchmark index Nifty 50 is set to open at a new record high on Monday, continuing its rally from...

Published 11 Dec, 2023 09:45am

Forex

Dollar steady with US inflation, Fed meeting eyed; yuan heavy

SINGAPORE: The dollar started Monday on the front foot, with a reading on US inflation and the Federal Reserve’s...

Published 11 Dec, 2023 09:43am

BR’s refresher: your morning briefing for the day

Important updates from December and December 10, 2023

Updated 11 Dec, 2023 09:38am

‘Country is not getting new inflows from abroad’

ISLAMABAD: Pakistan’s Gross Domestic Product (GDP) has been estimated at 2.17 percent for the first quarter of the...

Updated 11 Dec, 2023 09:09am

LoIs for hydropower projects: KP seeks provinces’ say in PPIB WG

ISLAMABAD: Khyber Pakhtunkhwa (KPK) government has urged the federal government to give membership to provincial...

Updated 11 Dec, 2023 09:09am

Sanjrani accepts resignation of Tarin

ISLAMABAD: Chairman Senate has accepted the resignation of former Finance Minister Shaukat Tarin. Senate Secretariat...

Updated 11 Dec, 2023 09:08am

WHO demands immediate access to Gaza

GENEVA: The World Health Organization’s executive board on Sunday adopted a resolution calling for immediate,...

Updated 11 Dec, 2023 09:05am

COAS leaves for US

RAWALPINDI: General Syed Asim Munir Chief of Army Staff (COAS) has left on Sunday for United States of America (USA)...

Updated 11 Dec, 2023 09:04am

Israel steps up its offensive in Gaza

GAZA STRIP, Palestinian Territories: Israeli forces on Sunday fought Palestinian around southern Gaza’s main city,...

Updated 11 Dec, 2023 09:03am

Middle East

Egyptians head to polls in election overshadowed by Gaza war

CAIRO: Egyptians began voting on Sunday in a presidential election set to hand Abdel Fattah al-Sisi a third term in...

Updated 11 Dec, 2023 07:22am

South Asia

Five Bangladesh opposition figures die in prison: BNP

DHAKA: Five members of Bangladesh’s main opposition party have died in prison in the past two weeks, officials and...

Updated 11 Dec, 2023 07:21am

Opinion

COP28 and the need for climate action for Pakistan

While the world leaders meet on the sidelines of the COP 28 summit to agree on a climate action plan, developing...

Updated 11 Dec, 2023 07:06am

Opinion

PSX rally: don’t read too much into ‘tezi’

The stock market is booming. The KSE100 index posted a return of 60 percent this fiscal year to date, and the rally...

Published 11 Dec, 2023 06:41am

Opinion

Money talks in politics

Money talks in politics and political processes globally, which necessitates regulations to ensure democratic values...

Published 11 Dec, 2023 06:41am

BR Research

Gas tariffs: Did the PBS get it wrong again?

November 2023 inflation numbers took many by surprise, as the impact of changes in piped gas price for domestic...

Published 11 Dec, 2023 06:55am

Editorials

About the $100bn export target

EDITORIAL: Caretaker Commerce Minister Gohar Ijaz’s interaction with the business elite the other day — to hammer...

Published 11 Dec, 2023 06:41am

BR Research

Cement: Fresh strategies

After an unusual year that was FY23, the cement industry is settling back into its historic trend of balancing out...

Published 11 Dec, 2023 06:52am

Editorials

Discos gain some notoriety in the press

EDITORIAL: A few days back, the power ministry exposed various Discos for overbilling during the last summer. This ...

Published 11 Dec, 2023 06:41am

BR Research

Interview with Faisal Mamsa, CEO – Tresmark

‘Our USP is our OTC rates and ensuring transparency’ Faisal Mamsa is a skilled finance, accounting and tech...

Published 11 Dec, 2023 06:49am

Pakistan

The Weather

KARACHI: The weather report on Sunday (December 10, 2023) and the forecast for Monday (December 11, 2023)....

Published 11 Dec, 2023 06:46am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday December 10, 2023

Published 11 Dec, 2023 06:45am

Pakistan

There are 68 living languages but 12 of them are major sources of communication: experts

KARACHI: There are around 68 ‘living’ indigenous languages which are spoken in different areas of Pakistan, but...

Published 11 Dec, 2023 06:41am

Pakistan

Dry weather likely to persist

KARACHI: The Pakistan Meteorological Department Sunday predicted dry weather in most parts of the Sindh province...

Published 11 Dec, 2023 06:41am

World

Nobel winner Narges Mohammadi denounces ‘tyrannical’ regime in Iran

OSLO: Imprisoned Nobel Peace Prize winner Narges Mohammadi denounced Sunday a “tyrannical and anti-women...

Published 11 Dec, 2023 06:41am

South Asia

Sudan orders expulsion of 15 UAE diplomats

PORT SUDAN: Sudan’s foreign ministry declared 15 UAE diplomats persona non grata Sunday, demanding they leave ...

Published 11 Dec, 2023 06:41am

World

Iran and KSA to negotiate on direct scheduled flights

DUBAI: Iran and Saudi Arabia will start formal talks next week to resume direct scheduled flights between Tehran and...

Published 11 Dec, 2023 06:41am

Europe

Serbia opens pipeline to reduce reliance on Russian gas

BELGRADE: A pipeline connector between Serbia and Bulgaria that will reduce Serbia’s dependance on Russian gas by...

Published 11 Dec, 2023 06:41am

World

Gaza ‘catastrophic’ health situation almost impossible to improve: WHO

GENEVA: The World Health Organization chief said on Sunday it will be all but impossible to improve the...

Published 11 Dec, 2023 06:41am

Sports

Spinner Abrar ruled out of first Test match against Australia

LAHORE: Abrar Ahmed has been ruled out of the first Test match against Australia starting in Perth from 14th...

Published 11 Dec, 2023 06:41am

World

‘Living hell’ in the ruins of Gaza’s largest hospital

GAZA CITY, Palestinian Territories: Hundreds of makeshift tents stand in a desolate landscape at the foot of Gaza...

Published 11 Dec, 2023 06:41am

World

Pressure grows for climate deal in Dubai

DUBAI: The president of the UN’s COP28 climate talks urged negotiators to compromise on Sunday, warning “failure...

Published 11 Dec, 2023 06:41am

Stocks

Energy lifts Australian shares higher

SYDNEY: Australian shares rose on Friday, led by energy stocks, after talks of a potential $53 billion merger ...

Published 11 Dec, 2023 06:41am

Stocks

Wall Street Week Ahead: Year-end rally in US stocks faces twin tests as Fed, inflation data loom

NEW YORK: The Federal Reserve’s last monetary policy meeting of 2023 and a US inflation report in coming days...

Published 11 Dec, 2023 06:41am

Pakistan

61 students get scholarships on ombudsman’s order

LAHORE: Through the efforts of the Ombudsman Punjab, 61 students who received educational scholarships from Punjab...

Published 11 Dec, 2023 06:41am

Pakistan

Govt to help skilled workers find jobs abroad: minister

PESHAWAR: KP Minister for Industries, Commerce and Technical Education, Dr Aamir Abdullah has said that the...

Published 11 Dec, 2023 06:41am

Letters

Gaza: Human stories of suffering, anguish, and loss

“Before, we used to ask ourselves whether we will die or not on this war, but in the past two days since Friday, ...

Published 11 Dec, 2023 06:41am

Pakistan

Economic policies should revolve around job creation: PDP

KARACHI: Showing deep concerns over growing joblessness in the country, Pasban Democratic Party (PDP) Chairman Altaf...

Published 11 Dec, 2023 06:41am

Pakistan

Four killed in various incidents, three bodies found in Karachi

KARACHI: Four including two killed were killed while bodies of three people were found from different localities of...

Published 11 Dec, 2023 06:41am

Pakistan

Toll-free helpline launched for Afghan DPs in Khyber Pakhtunkhwa

PESHAWAR: Blue Veins, a non-governmental organization with the support of the International Organization for...

Published 11 Dec, 2023 06:41am

Pakistan

Weightlifting Championship in January

ISLAMABAD: The Hafiz Salman Butt Memorial Punjab Inter Club Youth Junior and Senior Men’s and Women’s...

Published 11 Dec, 2023 06:41am

Pakistan

Sindh govt committed to implementing labour, trade union laws: minister

KARACHI: Caretaker Sindh Minister for Information, Minority Affairs and Social Security Muhammad Ahmad Shah on ...

Published 11 Dec, 2023 06:41am

Pakistan

PFA discards 1,000kgs of expired meat, lodges FIR

LAHORE: The Punjab Food Authority’s enforcement teams raided a meat processing unit in Shamkay Bhattian and...

Published 11 Dec, 2023 06:41am

Pakistan

Bilateral ties discussed with Morocco, governor told

LAHORE: The Ambassador of Pakistan to Morocco, Sami Malik in a meeting with the Punjab Governor Muhammad Balighur...

Published 11 Dec, 2023 06:41am

Pakistan

DG PHA briefs businessmen about Halal Certification Centre

FAISALABAD: First state-of-the-art Halal Certification Centre is being created to facilitate people to confirm the...

Published 11 Dec, 2023 06:41am

Pakistan

Peatland in Broghil National Park: study warns against over-extraction

PESHAWAR: A study on peatland consumption in Broghil National Park of Chitral has warned of over-extraction of the...

Published 11 Dec, 2023 06:41am

Pakistan

CM visits ‘Controlled Access Corridor Bund Road’ project

LAHORE: Chief Minister Punjab Mohsin Naqvi visited both packages of the Controlled Access Corridor Bund Road project...

Published 11 Dec, 2023 06:41am

Pakistan

Bilawal says will ensure free healthcare if voted to power

PESHAWAR: Pakistan Peoples Party (PPP) Chairman, Bilawal Bhutto Zardari has pledged the extension of the free health...

Published 11 Dec, 2023 06:41am

Pakistan

Sanjrani for global action against Israeli, Indian atrocities

ISLAMABAD: Chairman Senate Sadiq Sanjrani on Sunday stressed the urgent need for collective international action to...

Published 11 Dec, 2023 06:41am

Pakistan

SHO martyred in bomb blast in Khuzdar

QUETTA: Station House Officer (SHO) of the Counter Terrorism Department (CTD), Murad Jamot killed and two others ...

Published 11 Dec, 2023 06:41am

Pakistan

UN must take note of HR violations in Palestine, IIOJ&K: CM

KARACHI: Caretaker Sindh Chief Minister Former Justice Maqbool Baqar on Sunday dubbed the Genocide in Palestine and...

Published 11 Dec, 2023 06:41am

Pakistan

APNS condoles demise of Rehmat Shah

KARACHI: The APNS expresses profound grief over the sad demise of Rehmat Shah Afridi, a senior journalist and ...

Published 11 Dec, 2023 06:41am

Pakistan

International Human Rights Day: Alvi bemoans global inaction against Israel

ISLAMABAD: President Dr Arif Alvi has termed it unfortunate for failure of the international community to take ...

Published 11 Dec, 2023 06:41am

Pakistan

World Human Rights day: World community urged to help stop Indian atrocities in IIOJ&K

MIRPUR, (AJK): Like the rest of the World Human Rights Day was also observed on Sunday at both sides of the Line of...

Published 11 Dec, 2023 06:41am

Pakistan

KP formally launches second phase of ASDP in merged districts

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has formally launched the second phase of the Accelerated...

Published 11 Dec, 2023 06:41am

Pakistan

Diamer-Bhasha Dam project: Wapda chief reviews river diversion system

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) visited Diamer- Bhasha Dam Project on Sunday to review the...

Published 11 Dec, 2023 06:41am

Rates

Another gainful week

KARACHI: The rupee extended gains for another week as it appreciated 0.38% or Rs1.10 against the US dollar in the...

Published 11 Dec, 2023 06:41am

Pakistan

ECP denies issuing poll schedule

ISLAMABAD: The Election Commission of Pakistan (ECP) has denied to have issued any schedule for the upcoming...

Published 11 Dec, 2023 06:41am

Rates

Futures spread up 187bps

KARACHI: The futures spread increased by 187bps to 24.75 percent on the last day of the outgoing week. Trading...

Published 11 Dec, 2023 06:41am

Rates

KSE-100 index crosses 66,000-point psychological level

KARACHI: Pakistan Stock Exchange continued its record breaking trend during the outgoing week ended on December 08,...

Published 11 Dec, 2023 06:41am

Business & Finance

PFC says $100bn export target quite achievable

ISLAMABAD: Chief Executive Officer Pakistan Furniture Council (PFC) Mian Kashif Ashfaq Sunday emphasized the...

Published 11 Dec, 2023 06:41am

Business & Finance

Engro, its subsidiaries recognised among top 10 recipients at PSX awards

KARACHI: Engro Corporation and its subsidiaries Engro Fertilizers, Engro Polymer & Chemicals and Engro Powergen...

Published 11 Dec, 2023 06:41am

Business & Finance

Experts underscore need for insulating small farmers from economic losses

HYDERABAD: Experts from national and international organizations have emphasized planning to protect small farmers...

Published 11 Dec, 2023 06:41am

Business & Finance

Philippines, China trade accusations over South China Sea collision

BEIJING/MANILA: The Philippines and China traded accusations on Sunday over a collision of their vessels near a...

Published 11 Dec, 2023 06:41am

Business & Finance

China, Saudi to expand trade and investment cooperation

BEIJING: Saudi Arabia’s investment minister met with China’s commerce and industry chiefs in Beijing on Sunday...

Published 11 Dec, 2023 06:41am

Business & Finance

Fed pivot to interest-rate cuts seen likely to start in May

WASHINGTON: A stronger-than-expected US labor market won’t keep the Federal Reserve from pivoting to a series of...

Published 11 Dec, 2023 06:41am

Business & Finance

Citigroup reorganisation to be completed in first quarter, cost $1 billion

WASHINGTON: Citi-group Chief Financial Officer Mark Mason said on Wednesday the bank’s largest reorganisation in...

Published 11 Dec, 2023 06:41am

Energy

Shell eyes $6bn in Nigeria offshore, gas investments

ABUJA: Oil giant Shell sees $6 billion in investment opportunities in Nigeria, especially in offshore, gas and...

Published 11 Dec, 2023 06:41am

Energy

Oil stocks send FTSE 100 to 7-week closing high

LONDON: The UK’s FTSE 100 closed at a seven-week high on Friday with a rebound in crude prices lifting shares of...

Published 11 Dec, 2023 06:41am

Energy

Saudi bourse gains on rising oil prices

DUBAI: Saudi Arabia’s stock market ended higher on Sunday in response to rising oil prices, although the Qatari...

Published 11 Dec, 2023 06:41am

Money & Banking

yuan weakens against dollar

SHANGHAI: The yuan weakened against the dollar on Friday and is poised to snap a three-week rising streak, as...

Published 11 Dec, 2023 06:41am

Money & Banking

Indian rupee ends marginally lower

MUMBAI: The Indian rupee closed slightly lower on Friday, tracking subdued moves in its Asian peers, as investors...

Published 11 Dec, 2023 06:41am

Commodities

Prices of food items show mixed trend

PESHAWAR: Mixed trend in prices of essential commodities, including vegetables, pulses, sugar, flour, fruits and...

Published 11 Dec, 2023 06:41am

Business & Finance

PCMEA calls for devising long-term export policy

LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has welcomed the proposed roadmap of $100...

Published 11 Dec, 2023 06:41am

Cotton & Textile

Weekly review: Quality cotton rates remain stable amid low business volume

KARACHI: Stability in the rats of quality cotton witnessed. Business volume is limited. Due to the huge increase in...

Published 11 Dec, 2023 06:41am

Business & Finance

Business Facilitation Centre: FCCI chief hails Punjab CM

FAISALABAD: President Faisalabad Chamber of Commerce &Industry (FCCI) Dr Khurram Tariq has welcomed and thanked...

Published 11 Dec, 2023 06:41am

Money & Banking

Sindh’s integrated health, population project: World Bank rates implementation progress as ‘satisfactory’

ISLAMABAD: The World Bank (WB) has rated the overall implementation progress of the “Sindh Integrated Health and...

Published 11 Dec, 2023 06:41am

Business & Finance

How to increase remittances: LCCI for offering incentives to overseas Pakistanis

LAHORE: Trust building, encouragement and the lucrative incentives to the overseas Pakistanis can multiple the...

Published 11 Dec, 2023 06:41am

Business & Finance

Buying dry fruits becomes a distant dream for common man due to rising price hike

ISLAMABAD: Dry fruits as the most popular and consumed delight of the winter season have turned into a lavish...

Published 11 Dec, 2023 06:41am

Business & Finance

PHDEC organises workshop on cultivation, export of dates

KARACHI: Pakistan Horticulture Development and Export Company (PHDEC) organised a significant workshop on Dates in...

Published 11 Dec, 2023 06:41am

Industry

PR collects Rs67.3m from ticket-less passengers

ISLAMABAD: Pakistan Railways has collected over Rs 67.3 million from ticket-less passengers during a crackdown ...

Published 11 Dec, 2023 06:41am

Industry

SCCI, Ejad Labs sign MoU on promotion of IT sector

PESHAWAR: A memorandum of understanding (MoU) was signed between Sarhad Chamber of Commerce and Industry and Ejad...

Published 11 Dec, 2023 06:41am

World

Attack on ICRC convoy in Sudan's Khartoum kills two, injures seven

DUBAI: An attack on a humanitarian convoy of the International Committee of the Red Cross in the Sudanese capital...

Published 11 Dec, 2023 01:13am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 10	277.90
USD PKR Interbank Buying / Aug 10	277.70
USD to Japanese Yen / Aug 11	159.21
USD to Swiss Franc / Aug 11	0.81
Pound Sterling to USD / Aug 11	1.35
Euro to USD / Aug 11	1.15
SOFR % / Aug 10	3.65

Stock	Volume
S&P 500 / Aug 10	7,753.11
Tokyo Nikkei / Aug 10	66,970.22
Nasdaq / Aug 10	26,605.36
Dow Jones / Aug 10	53,975.98
India Sensex / Aug 11	78,093.59
Hang Seng / Aug 11	25,795.77
FTSE 100 / Aug 11	10,848.47
Germany DAX 30 / Aug 11	26,332.36
France CAC40 / Aug 11	8,724.51

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 10	18,580
Gold 10 Grams PKR / Aug 10	392,091
Petrol/Litre / Aug 11	327.62
Crude Oil USD/Barrel / Aug 11	82.27
Gold Spot USD/Ounce / Aug 11	4,368.90
Diesel/Litre / Aug 11	380.86
Cotton US¢/pound / Aug 11	83.47

Gainers
Losers
Leaders

Stock	Price
Siddiqsons Tin / Aug 11 Siddiqsons Tin Plate Limited(STPL)	9.71 ▲ 0.95 (10.84%)
Azgard Nine (Non-Voti) / Aug 11 Azgard Nine (Non-Voti)(ANLNV)	8.80 ▲ 0.82 (10.28%)
Aruj Industries / Aug 11 Aruj Industries Limited(ARUJ)	12.95 ▲ 1.18 (10.03%)
Tri-Star Power / Aug 11 Tri-Star Power Limited(TSPL)	18.34 ▲ 1.67 (10.02%)
Ashfaq Textile / Aug 11 Ashfaq Textile Mills Limited(ASHT)	40.76 ▲ 3.71 (10.01%)
Ruby Textile / Aug 11 Ruby Textile Mills Limited(RUBY)	23.19 ▲ 2.11 (10.01%)
Asim Textile / Aug 11 Asim Textile Mills Limited(ASTM)	74.79 ▲ 6.8 (10%)
Buxly Paints / Aug 11 Buxly Paints Limited(BUXL)	277.72 ▲ 25.25 (10%)
IGI Life Ins / Aug 11 IGI Life Insurance Limited(IGIL)	21.89 ▲ 1.99 (10%)
Tata Textile / Aug 11 Tata Textile Mills Limited(TATM)	172.39 ▲ 15.67 (10%)

Stock	Price
Dawood Equities / Aug 11 Dawood Equities Limited(DEL)	23.64 ▼ -2.59 (-9.87%)
Fateh Ind. / Aug 11 Fateh Industries Limited(FIL)	286.78 ▼ -31.21 (-9.81%)
TPL Insurance / Aug 11 TPL Insurance Limited(TPLI)	62.84 ▼ -6.34 (-9.16%)
Jubilee Spinning / Aug 11 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	54.39 ▼ -4.42 (-7.52%)
East West Ins. / Aug 11 East West Insurance Company Limited(EWIC)	62.23 ▼ -4.99 (-7.42%)
Engro Powergen / Aug 11 Engro Powergen Qadirpur Limited(EPQL)	24.99 ▼ -1.7 (-6.37%)
F.Credit & Inv / Aug 11 First Credit and Investment Bank Limited(FCIBL)	32.11 ▼ -2.12 (-6.19%)
Kohinoor Mills / Aug 11 Kohinoor Mills Limited(KML)	10.68 ▼ -0.64 (-5.65%)
Trust Mod. / Aug 11 Trust Modaraba(TRSM)	18.94 ▼ -1.02 (-5.11%)
Bawany Air Products / Aug 11 Bawany Air Products Limited(BAPL)	30.43 ▼ -1.6 (-5%)

Stock	Volume
Cnergyico PK / Aug 11 Cnergyico PK Limited(CNERGY)	133,907,407 ▼ -0.29
K-Electric Ltd. / Aug 11 K-Electric Limited(KEL)	61,848,727 ▲ 0
Hascol Petrol / Aug 11 Hascol Petroleum Limited(HASCOL)	45,032,184 ▲ 1.06
Unity Foods Ltd / Aug 11 Unity Foods Limited(UNITY)	40,090,062 ▲ 0.01
Pak Refinery / Aug 11 Pakistan Refinery Limited(PRL)	31,666,040 ▲ 0.91
WorldCall Telecom / Aug 11 Worldcall Telecom Limited(WTL)	28,282,358 ▲ 0
Beco Steel Ltd / Aug 11 Beco Steel Limited(BECO)	24,832,349 ▲ 0.27
Siddiqsons Tin / Aug 11 Siddiqsons Tin Plate Limited(STPL)	24,355,243 ▲ 0.95
B.O.Punjab / Aug 11 The Bank of Punjab(BOP)	22,518,009 ▼ -1.17
Pervez Ahmed Consultancy / Aug 11 Pervez Ahmed Consultancy Services Ltd.(PASL)	21,091,236 ▲ 0.19