News Archives for Latest - 2023-12-14

World

Netanyahu tells senior US official Israel to fight Hamas ‘until absolute victory’

JERUSALEM: Israel will pursue its war against Hamas “until absolute victory”, Prime Minister Benjamin Netanyahu told...

Published 14 Dec, 2023 11:39pm

World

UN warns of ‘breakdown of civil order’ in Gaza

GENEVA: Hunger and desperation are driving people to seize humanitarian aid being delivered to the Gaza Strip, the...

Published 14 Dec, 2023 11:27pm

Europe

Finland will again shut Russian border over asylum seekers

HELSINKI: Finland will again shut its entire border with Russia to stop the inflow of asylum seekers, Minister of...

Published 14 Dec, 2023 10:59pm

USA

Yellen plans to accelerate climate, financial market cooperation with China

WASHINGTON: US Treasury Secretary Janet Yellen on Thursday mapped out her top priorities for managing US-Sino...

Published 14 Dec, 2023 10:51pm

Pakistan

PTI’s Sher Afzal Marwat arrested from LHC

The Pakistan Tehreek-e-Insaf (PTI) said on Thursday that its Senior Vice President Sher Afzal Marwat was detained...

Updated 14 Dec, 2023 10:48pm

Forex

Open market: rupee unchanged against US dollar

The Pakistani rupee was unmoved against the US dollar in the open market on Thursday, while the local currency...

Updated 14 Dec, 2023 10:32pm

Europe

No casualties, damage after Russian missile attack on Kyiv region, governor says

KYIV: Kyiv region authorities said there were no casualties or damage to critical and civilian infrastructure...

Published 14 Dec, 2023 10:25pm

Middle East

UN says food trucks being intercepted as hunger grows in Gaza

Israeli aggression has left besieged Gaza in ruins, killing more than 18,600 people, mostly women and children

Updated 14 Dec, 2023 10:19pm

Stocks

KSE-100 closes higher after volatile session

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed higher after back-and-forth trading on Thursday....

Updated 14 Dec, 2023 10:18pm

Europe

Ukraine’s Zelensky on surprise visit to Germany

FRANKFURT: Ukrainian President Volodymyr Zelensky made an unannounced visit to Germany on Thursday, his spokesman...

Published 14 Dec, 2023 10:10pm

Forex

Inter-bank: rupee registers third consecutive gain against US dollar

Currency appreciates 0.04%, settles at 283.51 against greenback

Updated 14 Dec, 2023 10:00pm

Forex

Pakistan’s central bank reserves increase $21mn, now stand at $7.04bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $21 million on a weekly basis,...

Updated 14 Dec, 2023 10:00pm

Business & Finance

SIFC approves business, investment-friendly visa facility

The Executive Committee of the Special Investment Facilitation Council (SIFC) approved on Thursday business and...

Published 14 Dec, 2023 09:54pm

Pakistan

Islamabad court sentences Shahnawaz Amir to death in Sarah Inam’s murder case

An Islamabad trial court on Thursday sentenced Shahnawaz Amir to death for the murder of his wife Sarah Inam, while...

Updated 14 Dec, 2023 09:26pm

Pakistan

SC adjourns former judge Shaukat Aziz Siddiqui’s plea against removal

The Supreme Court (SC) on Thursday adjourned former Islamabad High Court (IHC) judge Shaukat Aziz Siddiqui’s...

Updated 14 Dec, 2023 09:25pm

Pakistan

India's illegal actions to further strengthen Kashmiris' freedom struggle: PM Kakar

Premier says hearts of Pakistanis beat with their Kashmiri brothers and sisters

Updated 14 Dec, 2023 09:10pm

Stocks

Most Gulf markets in black on dovish Fed

Most stock markets in the Gulf ended higher on Thursday, after the U.S. Federal Reserve flagged the end of its...

Published 14 Dec, 2023 08:25pm

Stocks

Wall St advances after Fed hints at rate cuts; Apple scales record high

Wall Street’s main indexes rose on Thursday, with tech giant Apple notching a record high, a day after the Federal...

Published 14 Dec, 2023 08:22pm

Sports

Warner ton silences critics as actions speak louder than words

PERTH: Australia opener David Warner celebrated his 26th Test century on Thursday by ‘shushing’ the Perth media box,...

Updated 14 Dec, 2023 06:53pm

Stocks

Sri Lanka shares end lower as industrials, communication services weigh

CSE All Share index settled down 0.49% at 10,783.81

Published 14 Dec, 2023 06:45pm

Commodities

Copper posts biggest single-day gain in nearly a year

LONDON: Copper prices rose sharply on Thursday on a weaker dollar and expectations of interest rate cuts next year...

Published 14 Dec, 2023 06:43pm

Telecommunication

PTCL to acquire 100% of Telenor Pakistan

Enters into share-purchase agreement with Telenor Pakistan shareholders for acquisition of 100% shares based on enterprise value of Rs108bn on cash-free, debt-free basis

Updated 14 Dec, 2023 06:42pm

USA

Yellen says ‘shock’ management key to US-China stability

WASHINGTON: The US-China relationship will continue to face challenges, and the management of “shocks” when they...

Published 14 Dec, 2023 06:38pm

Europe

Putin ‘hopes’ for Russia-US deal on detained Americans

MOSCOW: Russian President Vladimir Putin said Thursday he wanted Moscow and Washington to arrive at a solution to...

Published 14 Dec, 2023 06:27pm

Money & Banking

Bank of England holds interest rate, warns on inflation

LONDON: The Bank of England on Thursday held its key interest rate and warned it will remain high to tackle...

Published 14 Dec, 2023 06:21pm

Cricket

Australian cricketer Khawaja wears black armband in Gaza protest

PERTH: Australia’s Usman Khawaja staged a muted protest against the war in Gaza on Thursday, wearing a black armband...

Published 14 Dec, 2023 06:17pm

Middle East

Eleven killed in days-long Israeli raid in West Bank: Palestinian health ministry

RAMALLAH: At least 11 Palestinians have been killed during a days-long raid by Israeli soldiers in Jenin in the...

Published 14 Dec, 2023 05:47pm

Commodities

Asia rice: Prices rise in India, Thailand on improved demand, shrinking supplies

Prices of parboiled rice exported from top hub India this week gained on improved demand and concerns over...

Published 14 Dec, 2023 05:35pm

Europe

Finland to sign defence pact with US

HELSINKI: Finland will on Monday Dec. 18 sign a defence cooperation agreement with the United States that will bring...

Published 14 Dec, 2023 05:31pm

Energy

Oil rises on weaker dollar, IEA demand upgrade

LONDON: Oil prices rose on Thursday, extending the previous session’s gains, boosted by a weaker dollar and as the...

Updated 14 Dec, 2023 05:25pm

Middle East

Israeli strikes the length of Gaza as US calls for more accurate targeting

CAIRO/GAZA: Israel pounded the length of the Gaza Strip on Wednesday, killing families in their homes even as...

Published 14 Dec, 2023 05:23pm

Arts

Oprah Winfrey portrait unveiled at National Portrait Gallery

WASHINGTON: Media personality and former talk show host Oprah Winfrey’s portrait was unveiled at the Smithsonian’s...

Published 14 Dec, 2023 05:18pm

Stocks

Indian shares resume record-breaking surge on fresh Fed fuel

BENGALURU: India’s benchmark indexes hit all-time highs on Thursday, joining a global rally after the U.S. Federal...

Published 14 Dec, 2023 05:03pm

Bullion Rate

Gold rebounds, gains Rs5,700 per tola in Pakistan

Gold snapped its 5-session losing streak in Pakistan as the yellow metal advanced in the international market. The...

Updated 14 Dec, 2023 05:01pm

Commodities

Palm rises on falling output, firm soyoil

MUMBAI: Malaysian palm oil futures rose for the first time in three days on Thursday, tracking gains in rival soyoil...

Published 14 Dec, 2023 05:00pm

South Asia

Chinese mourners use AI to digitally resurrect the dead

TAIZHOU: At a quiet cemetery in eastern China, bereaved father Seakoo Wu pulls out his phone, places it on a...

Published 14 Dec, 2023 04:56pm

Pakistan

Cipher case: Special court allows in-camera trial of Imran, Qureshi

FIA had filed a petition for trial to be in-camera

Published 14 Dec, 2023 03:22pm

Forex

Sterling firms on dollar, all eyes on Bank of England

LONDON: Sterling was on the front foot against the dollar on Thursday ahead of a Bank of England meeting at which...

Published 14 Dec, 2023 02:54pm

Energy

India’s Nov Russian oil imports up 3% from October

NEW DELHI: India’s Russian oil imports in November rose to a 4-month high of 1.6 million barrels per day (bpd), up...

Published 14 Dec, 2023 02:50pm

Middle East

Iran warns against proposed US-backed Red Sea force: ISNA

DUBAI: Iran’s Defence Minister Mohammad Reza Ashtiani warned that a proposed US-backed multinational task force to...

Published 14 Dec, 2023 02:44pm

Perspectives

Rise of terrorism in Pakistan: the army chief’s US visit all the more important

The visit of Army Chief Lt Gen Asim Munir to the United States carries significant implications given the timing and...

Published 14 Dec, 2023 02:43pm

South Asia

India police file terrorism charges against four over parliament security breach

NEW DELHI: Indian police have filed terrorism charges against four people in connection with a security breach in...

Published 14 Dec, 2023 02:39pm

Asia

Cold wave grips northern China, south bracing for big chill

BEIJING: Cold weather gripped large swathes of China on Thursday, with sharp falls in temperature expected over the...

Published 14 Dec, 2023 02:34pm

Forex

Russian rouble strengthens to near two-week high against the dollar

MOSCOW: The rouble climbed to a near two-week high on Thursday, approaching the 89 threshold to a weaker dollar...

Published 14 Dec, 2023 02:30pm

Pakistan

Pakistan rejects reports of dialogue with TTP

FO Spokesperson urges interim Afghan government to take strong action against perpetrators of December 12 attack on security forces

Published 14 Dec, 2023 02:28pm

Stocks

Major Gulf markets rise on dovish Fed

Major stock markets in the Gulf rose in early trade on Thursday, tracking global peers, after the US Federal Reserve...

Published 14 Dec, 2023 02:26pm

Stocks

UK’s FTSE 100 at 8-week high after Fed signals end of rate hikes

The UK’s FTSE 100 jumped in early trade on Thursday, as risk-on sentiment got a lift after the US Federal Reserve...

Published 14 Dec, 2023 02:19pm

Stocks

China stocks fall on weak credit data; HK tracks global markets higher

SHANGHAI: China stocks closed down on Thursday, erasing gains in early trade, as credit data showed domestic demand...

Published 14 Dec, 2023 01:57pm

Commodities

Saudi Arabia issues tender to buy estimated 715,000 T wheat

HAMBURG: Saudi Arabia’s state wheat buying agency GFSA on Thursday said it has issued an international tender to...

Published 14 Dec, 2023 01:55pm

Business & Finance

Swiss National Bank keeps interest rate at 1.75% as expected

BERN: The Swiss National Bank held its policy interest rate steady at 1.75% on Thursday, kicking off a busy day for...

Published 14 Dec, 2023 01:53pm

Companies

Nestlé celebrates 35 years of Pakistan operations with Rs2bn investment towards renewable energy

To celebrate 35 years of its operations in the country, Nestlé Pakistan is reinforcing its dedication to Pakistan’s...

Published 14 Dec, 2023 01:50pm

Companies

Searle gets DRAP nod for Pakistan’s first locally manufactured Monoclonal antibody

Searle Company Limited (SEARL) has earned approval from the Drug Regulatory Authority of Pakistan (DRAP) for...

Published 14 Dec, 2023 01:45pm

Stocks

European stocks jump in Fed-driven global rally

LONDON: European stocks jumped Thursday at the open in a global rally after the US Federal Reserve indicated it will...

Published 14 Dec, 2023 01:44pm

Movies & Music

‘Barbie’ director Greta Gerwig to head 77th Cannes Film Festival jury

PARIS: The Cannes Film Festival announced Thursday that Greta Gerwig, director of summer blockbuster ‘Barbie’, will...

Published 14 Dec, 2023 01:40pm

Africa

IMF board approves release of $151mn for Tanzania budget support

NAIROBI: The International Monetary Fund’s executive board has authorised an immediate disbursement of about $151...

Published 14 Dec, 2023 01:35pm

Commodities

Palm flat as lower stocks offset weak exports

MUMBAI: Malaysian palm oil futures remained largely unchanged on Thursday, as lower stocks-induced bargain buying...

Published 14 Dec, 2023 01:33pm

Forex

Asian currencies, stocks jump as Fed flags policy pivot next year

Emerging Asian currencies and equities joined a rally in global markets on Thursday, after the US Federal Reserve...

Published 14 Dec, 2023 01:09pm

Middle East

Gaza faces ‘perfect storm’ of deadly diseases

GAZA: For the besieged residents of Gaza who have so far survived Israel’s bombs and bullets, a silent, invisible...

Published 14 Dec, 2023 01:04pm

Business & Finance

France’s Credit Agricole to stop financing new fossil fuel projects

PARIS: Credit Agricole, France’s second-largest listed bank, said on Thursday it would stop financing any new fossil...

Published 14 Dec, 2023 12:28pm

Middle East

Three Palestinians killed by Israeli forces in raid on Jenin

RAMALLAH: Three Palestinians were killed on Thursday in an ongoing Israeli raid on the occupied West Bank city of...

Published 14 Dec, 2023 12:25pm

Forex

South African rand steady ahead of local data releases

JOHANNESBURG: South Africa’s rand was unchanged in early deals on Thursday, ahead of a slew of local economic data...

Published 14 Dec, 2023 12:19pm

Business & Finance

World Bank cuts Thai growth outlook to 2.5% this year, 3.2% next year

BANGKOK: Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by...

Published 14 Dec, 2023 12:17pm

Business & Finance

Saudi inflation in November rises slightly to 1.7%

RIYADH: Saudi Arabia’s annual inflation rate rose to 1.7% in November from 1.6% the previous month, government data...

Published 14 Dec, 2023 12:14pm

Bullion Rate

Gold rises as Fed rate-cut prospects dent dollar, bond yields

Gold prices extended gains to a one-week high on Thursday after the US Federal Reserve flagged an end to its...

Published 14 Dec, 2023 12:08pm

USA

White House’s Sullivan discusses Gaza war with Saudi crown prince

WASHINGTON: White House national security adviser Jake Sullivan met with Saudi Crown Prince Mohammed bin Salman in...

Published 14 Dec, 2023 11:58am

Europe

Russia attacks south Ukraine with 42 drones, 11 civilians injured, Ukraine says

KYIV: Russia launched 42 drones and 6 missiles at Ukraine overnight, with Ukraine’s air defence systems destroying...

Published 14 Dec, 2023 11:51am

South Asia

Modi seeks to revive hinterland finance hub with new sweeteners

Indian Prime Minister Narendra Modi is looking to revive a decade-old project to build a new financial hub in his...

Published 14 Dec, 2023 11:42am

Sports

Australian cricketer Green reveals chronic kidney disease

PERTH: Australian allrounder Cameron Green revealed Thursday he suffers from a chronic kidney disease and that he...

Published 14 Dec, 2023 11:36am

Business & Finance

Brazil cuts key interest rate a half-point

BRASÍLIA: Brazil’s central bank cut its key interest rate by half a point for the fourth straight time Wednesday,...

Published 14 Dec, 2023 11:33am

Asia

Three Japanese ministers resign over kickback scandal: reports

TOKYO: Three Japanese ministers tendered their resignations on Thursday over a major kickback scandal in the ruling...

Published 14 Dec, 2023 11:28am

Stocks

Hong Kong stocks rallly at open on Fed

HONG KONG: Hong Kong stocks opened sharply higher Thursday, tracking a record-breaking performance on Wall Street,...

Published 14 Dec, 2023 11:23am

Europe

Newly confident Putin faces the press and Russian people

MOSCOW: Vladimir Putin on Thursday will hold his first year-end press conference since sending troops into Ukraine,...

Published 14 Dec, 2023 11:21am

Sports

Man City go for full house of trophies at Club World Cup

JEDDAH: Pep Guardiola is hoping to complete his trophy haul as Manchester City manager at the Club World Cup in...

Published 14 Dec, 2023 11:15am

USA

US House launches Republican impeachment inquiry against Biden

WASHINGTON: The US House of Representatives voted Wednesday to formalize an impeachment inquiry into President Joe...

Published 14 Dec, 2023 11:10am

Europe

EU leaders wrestle with Orban over Ukraine support

BRUSSELS: EU leaders will face off against Hungarian Prime Minister Viktor Orban on Thursday as he threatens to veto...

Published 14 Dec, 2023 11:06am

Europe

Number of journalists killed on job in 2023 declines despite Gaza: RSF

PARIS: The number of journalists killed in the line of duty fell this year, despite reporter deaths in Gaza in the...

Published 14 Dec, 2023 10:51am

Europe

EU reaches deal to reform electricity market

BRUSSELS: The European Union reached an agreement on Thursday to reform the bloc’s electricity market in a bid to...

Published 14 Dec, 2023 10:45am

Sports

Stosur named Australia’s Billie Jean King Cup captain

PERTH: Eight-time Grand Slam champion Samantha Stosur was Thursday named captain of Australia’s Billie Jean King Cup...

Published 14 Dec, 2023 10:41am

USA

Trump says he would renege on $3 billion US pledge for Green Climate Fund

CORALVILLE: Donald Trump, the frontrunner for the Republican presidential nomination, said on Wednesday that if...

Published 14 Dec, 2023 10:37am

Mutual Funds

Japan 20-year JGB auction average yield at 1.414%, yield at lowest price 1.467%

TOKYO: Japan’s Ministry of Finance said the yield at an auction of 20-year government bonds on Thursday averaged...

Published 14 Dec, 2023 10:33am

Technology

Low-cost e-commerce player Temu files new lawsuit against rival Shein

SHANGHAI: PDD Holdings’ international facing discount e-commerce platform, Temu, filed a lawsuit in a US District of...

Published 14 Dec, 2023 10:28am

Forex

China’s yuan firms to 2-week high as Fed flags monetary easing next year

SHANGHAI: China’s yuan rose to a two-week high against the dollar as traders cut their exposure to the US currency...

Published 14 Dec, 2023 10:21am

Mutual Funds

India bond yields seen lower after Fed strikes dovish tone

MUMBAI: Indian government bond yields are likely to open lower in the early trading session on Thursday, tracking a...

Published 14 Dec, 2023 10:18am

Forex

Indian rupee to rise after dovish Fed emboldens bets of big rate cuts

MUMBAI: The Indian rupee is expected to open higher on Thursday after a dovish US Federal Reserve outcome prompted...

Published 14 Dec, 2023 10:16am

Technology

IMF chief says rules, infrastructure needed to prevent crypto risks

SEOUL: The head of International Monetary Fund (IMF) said on Thursday that crypto currencies need to be regulated...

Published 14 Dec, 2023 10:12am

Business & Finance

Barclays sees Fed delivering its first rate cut in June

Barclays expects the Federal Reserve to deliver its first rate cut of 25 basis points in June, with two others...

Published 14 Dec, 2023 10:06am

Companies

BMW gains test license for L3 autonomous driving in Shanghai

BEIJING: BMW Group has received a test license for level 3 autonomous driving on high-speed roads in Shanghai, the...

Published 14 Dec, 2023 10:03am

World

Australia employment surges in Nov, jobless rate hits 1-1/2 year high

SYDNEY: Australia employment far outpaced expectations for a second month in November, yet the jobless rate rose to...

Published 14 Dec, 2023 10:01am

Stocks

Asian equities follow Wall Street higher; yields and dollar down

HONG KONG: Asian stocks broadly rallied on Thursday morning, after the US Federal Reserve flagged the end of its...

Published 14 Dec, 2023 09:58am

ADB explains why recovery is still constrained

Says Pakistan’s inflation rate is expected to ease amid fiscal consolidation and monetary tightening

Updated 14 Dec, 2023 09:58am

Thar coal-fired plant of SEL: KE supports competitive bidding

ISLAMABAD: The K-Electric has supported competitive bidding of 300 MW Thar coal-fired power plant of Siddiqsons...

Updated 14 Dec, 2023 09:56am

FBR sets up body to resolve issue of pending refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a committee for the resolution of pending income tax...

Updated 14 Dec, 2023 09:55am

World

At least 16 dead in motorway pile-up in Venezuela: fire brigade

CARACAS: At least 16 people died and six more were seriously injured after a fiery 17-vehicle pile-up on a highway...

Published 14 Dec, 2023 09:51am

Stocks

Australian shares hit more than 4-month high after dovish Fed

Australian shares rose more than 1% on Thursday in broad-based gains after the US Federal Reserve signalled lower...

Published 14 Dec, 2023 09:44am

Stocks

Japan’s Nikkei erases gains as yen jumps after Fed’s decision

TOKYO: Japan’s Nikkei share average erased early gains to trade lower on Thursday, as automakers and banking stocks...

Published 14 Dec, 2023 09:37am

Power plants: Delay in clearance of Rs55bn dues jeopardises operations: SECMC

KARACHI: The delay in clearing the outstanding balance of Rs 55 billion by power plants to Sindh Engro Coal Mining...

Updated 14 Dec, 2023 09:36am

Thar coal-fired power project: PPIB announces financial close

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) on Wednesday announced financial closing of the...

Updated 14 Dec, 2023 09:35am

Forex

Dollar takes a dive after Fed signals rate cuts next year

TOKYO: The dollar was under pressure on Thursday after the Federal Reserve’s latest economic projections indicated...

Published 14 Dec, 2023 09:35am

Stocks

India’s Nifty, Sensex hit new highs as Fed spurs global rally

BENGALURU: India’s benchmark indexes advanced to new all-time highs on Thursday as a global rally spilled over to...

Published 14 Dec, 2023 09:29am

Sports

Australia’s Khawaja wears black armband in muted Gaza protest

PERTH: Usman Khawaja wore a black armband and put tape over messages on his shoes supporting people in Gaza in a...

Published 14 Dec, 2023 09:27am

Fertilizer at notified rates directed: Energy price hike propelled inflation to 29.2pc in Nov, ECC told

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday directed the relevant ministries to...

Updated 14 Dec, 2023 09:13am

Industry

Insurance industry: Shamshad for significant transformation

KARACHI: The Securities and Exchange Commission of Pakistan’s (SECP) two-day International InsureImpact Conference...

Updated 14 Dec, 2023 09:12am

Energy

Q2, Q3 of FY 2022-23: KE consumers likely to pay additional Rs1.72 per unit

ISLAMABAD: The government has decided to recover Rs 1.72 per unit from the K-Electric consumers for second and third...

Updated 14 Dec, 2023 09:11am

Special panel formed to resolve issue of wheeling charges

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has constituted a special panel headed by Caretaker Finance...

Updated 14 Dec, 2023 09:07am

World Bank says external debt stocks at $126.942bn by end 2022

ISLAMABAD: The World Bank (WB) has estimated Pakistan’s total external debt stocks at $126.942 billion by end 2022...

Updated 14 Dec, 2023 08:55am

BR Research

The myth of self sufficiency

Earlier this week, a widely circulated news report, including in this newspaper, indicated that the federal...

Published 14 Dec, 2023 08:41am

Pakistan

Cabinet approves first-ever ‘National Space Policy’

ISLAMABAD: The Federal Cabinet on Wednesday approved Pakistan’s first ever “National Space Policy” aimed at...

Updated 14 Dec, 2023 08:37am

BR Research

Fatima Fertilizer Company Limited

Fatima Fertilizer Company Limited (PSX: FATIMA) was incorporated in Pakistan in 2003 as a result of joint venture...

Published 14 Dec, 2023 08:31am

BR’s refresher: your morning briefing for the day

Important updates from December 13, 2023

Published 14 Dec, 2023 08:20am

World

Google announces 2023 top 10 trending news

KARACHI: Google Year in Search 2023 for Pakistan shows how interested and involved people are across the country as ...