News Archives for Latest - 2023-12-22

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USA

White House says it’s monitoring Red Sea attacks; not seeing big impact on holiday products

WASHINGTON: The White House on Friday said it was closely monitoring Houthi attacks on ships in the Red Sea, but did...

Published 22 Dec, 2023 11:57pm

Europe

Dutch prepare delivery of F-16 jets to Ukraine

THE HAGUE: The Netherlands announced Friday it was preparing delivery of 18 of the American-made F-16 combat jets...

Published 22 Dec, 2023 11:45pm

Pakistan

Bomb found in train at Karachi’s Cantt railway station

The Railway police on Friday found a bomb in a train at the Karachi Cantt railway station, Aaj News reported The...

Published 22 Dec, 2023 11:19pm

Europe

Israeli army says Lebanon rocket fire kills soldier

JERUSALEM: Israel’s military said Friday rocket fire from Lebanon had killed one of its soldiers and wounded another...

Published 22 Dec, 2023 11:11pm

Pakistan

ECP denies ‘bat’ symbol to PTI for February 8 polls

Electoral watchdog terms PTI's intra-party elections unlawful

Updated 22 Dec, 2023 10:49pm

South Asia

China earthquake death toll rises to 148

BEIJING: The toll from China’s deadliest earthquake in years rose to 148 on Friday, state media reported, as...

Updated 22 Dec, 2023 10:33pm

World

UN Security Council acts to boost aid to Gaza after US abstains

UNITED NATIONS: The United Nations Security Council on Friday approved a toned-down bid to boost humanitarian aid to...

Published 22 Dec, 2023 10:26pm

Pakistan

Imran Khan nomination papers filed from Mianwali

Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, who is incarcerated in Adiala Jail, got his nomination papers...

Updated 22 Dec, 2023 10:30pm

Forex

Inter-bank: rupee records ninth successive gain against US dollar

Currency appreciates 0.09%, settles at 282.53 against greenback

Updated 22 Dec, 2023 10:29pm

Pakistan

Cipher case: SC approves Imran, Qureshi’s bail

Directs them to submit surety bonds worth Rs1 million each

Updated 22 Dec, 2023 10:29pm

Pakistan

PTI’s concerns on not having level playing field seem valid: SC

The Supreme Court (SC) said on Friday that Pakistan Tehreek-e-Insaf’s (PTI) concerns about not having a level...

Updated 22 Dec, 2023 10:23pm

Stocks

KSE-100 down nearly 1,000 points as political temperature rises

Bears returned to the Pakistan Stock Exchange (PSX) amid some rise in political uncertainty as the benchmark KSE-100...

Updated 22 Dec, 2023 10:22pm

Pakistan

ECP extends deadline for filing nomination papers for general elections

Extends deadline till Sunday

Updated 22 Dec, 2023 10:15pm

Energy

Oil prices gain around 1% as Red Sea tension persists

LONDON: Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on...

Updated 22 Dec, 2023 10:03pm

Stocks

Wall St rises after soft inflation data; Nike slides

Wall Street’s main indexes gained on Friday after a key inflation reading came in softer than expected, boosting...

Published 22 Dec, 2023 09:00pm

Stocks

Toronto shares reach 18-month high ahead of Christmas break

Canada’s main stock index advanced on Friday, with materials and real estate shares leading gains, setting the...

Published 22 Dec, 2023 08:57pm

Life & Style

Under pressure: Starbucks CEO says protestors ‘influenced by misrepresentation on social media’

Starbucks CEO Laxman Narasimhan said people protesting against the company over its stance on the Israel war have...

Published 22 Dec, 2023 08:38pm

Commodities

Gold price per tola increases Rs1,800 in Pakistan

Gold rates in Pakistan advanced on Friday, in line with increase in the international rate. The yellow metal was...

Updated 22 Dec, 2023 08:28pm

Middle East

Israel broadens Gaza assault ahead of Security Council aid vote

Gaza's health ministry says more than 20,000 Palestinians killed and 53,320 wounded in Israeli strikes since October 7

Published 22 Dec, 2023 08:17pm

Forex

Open market: rupee inches upward against US dollar

The Pakistani rupee registered slight gain against the US dollar in the open market on Friday, while the local...

Updated 22 Dec, 2023 06:17pm

South Asia

France’s Macron to attend India’s Republic Day parade

NEW DELHI: French President Emmanuel Macron will be the guest of honour at India’s Republic Day parade in January,...

Published 22 Dec, 2023 06:08pm

Stocks

Dubai up on rate cut bets, Abu Dhabi falls

Dubai stocks closed higher on Friday ahead of U.S. inflation data that is expected to validate bets on rate cuts in...

Published 22 Dec, 2023 05:44pm

Markets

India’s forex reserves hit over 1-1/2-year high

BENGALURU: India’s foreign exchange reserves rose for the fifth straight week, reaching an over 20-month high of...

Published 22 Dec, 2023 05:40pm

Commodities

Aluminium prices hit highest since Nov 6 due to supply concerns

LONDON: Aluminium prices in London hit their highest in more than six weeks on Friday due to supply concerns after a...

Published 22 Dec, 2023 05:33pm

Commodities

Palm falls for fifth consecutive week on weak exports

NEW DELHI: Malaysian palm oil futures fell for a fifth consecutive week as demand dropped ahead of a long holiday...

Published 22 Dec, 2023 05:30pm

Perspectives

Reflecting on COP28 in Dubai

Reflecting on of COP28 in Dubai 2023, there’s a sense of disappointment, particularly concerning the loss and damage...

Published 22 Dec, 2023 05:20pm

Movies & Music

Pakistan’s ‘In Flames’ misses the cut for Oscars

‘In Flames’, Pakistan’s official submission for the 96th Academy Awards, did not make the shortlist as results were...

Published 22 Dec, 2023 05:04pm

Commodities

Asia gold: High prices drain demand in India, China sees rising premiums

Physical gold demand in India fell sharply due to high domestic prices, forcing dealers to quote steeper discounts...

Published 22 Dec, 2023 04:57pm

Currency

Sterling ticks higher as dollar slips before inflation data

LONDON: The pound rose slightly on Friday as the dollar slipped while investors waited for data on the Federal...

Published 22 Dec, 2023 04:53pm

Europe

EU adopts 118 million euros aid plan for Palestinian Authority

The European Commission on Friday said it had adopted a 118 million euros ($130 million) aid package to support the...

Published 22 Dec, 2023 04:45pm

Stocks

India’s Nifty, Sensex snap longest weekly winning run in six years

BENGALURU: India’s stock benchmarks advanced on Friday, paring weekly losses while ending their longest weekly...

Published 22 Dec, 2023 04:39pm

Stocks

Sri Lanka shares decline for second consecutive week

Sri Lankan shares fell on Friday in their last full trading week of the year and posted a second straight week of...

Published 22 Dec, 2023 04:36pm

Europe

Poland’s new foreign minister in Kyiv for first visit abroad

KYIV: Poland’s newly appointed foreign minister, Radoslaw Sikorski, who has spoken out in support of Ukraine, has...

Published 22 Dec, 2023 04:33pm

Companies

Chinese EV automaker BYD to build car factory in Hungary

SHANGHAI: China’s top electric automaker BYD will build a car factory in Hungary, the company said Friday, as it...

Published 22 Dec, 2023 04:18pm

Forex

Kenyan shilling falls in thin trade before Christmas

The Kenyan shilling fell on Friday in thin trade before the Christmas holidays. At 0825 GMT, commercial banks quoted...

Published 22 Dec, 2023 03:04pm

Forex

Ugandan shilling flat as activity slows before holidays

KAMPALA: Uganda’s shilling was unchanged on Friday and was expected to hover around its current levels in the coming...

Published 22 Dec, 2023 03:02pm

Forex

Swiss franc hits strongest against dollar since Jan 2015

LONDON: The Swiss franc hit its strongest against the dollar in nearly nine years on Friday, with the haven currency...

Published 22 Dec, 2023 02:56pm

Movies & Music

Actor Vin Diesel hit with sexual battery lawsuit by former assistant

A former assistant to the actor Vin Diesel filed a lawsuit against him on Thursday alleging that he sexually...

Updated 22 Dec, 2023 02:53pm

Business & Finance

UK economy shrinks in third quarter as election looms

LONDON: Britain’s economy unexpectedly shrank in the third quarter, official data showed Friday, raising fears of a...

Published 22 Dec, 2023 02:52pm

Europe

Police seek motive in Prague mass shooting

PRAGUE: Czech authorities sought a motive Friday in a student’s gun attack that killed 14 people at a Prague...

Published 22 Dec, 2023 02:50pm

Asia

Japan approves record $56bn defence budget

TOKYO: Japan approved Friday a record defence budget worth $56 billion for the next fiscal year, as tensions rise...

Published 22 Dec, 2023 02:47pm

Luxury

When science meets art: recycled metal and lab-grown gems

LONDON: For some a natural diamond, created over billions of years, is the ultimate luxury, but an award-winning...

Published 22 Dec, 2023 02:13pm

Sports

South Africa opener Elgar to retire after India series

Dean Elgar will retire from international cricket at the end of the two-test home series against India that starts...

Published 22 Dec, 2023 01:56pm

Forex

Russian rouble edges back towards two-week low vs dollar

MOSCOW: The rouble edged back towards a two-week low past 92 to the dollar on Friday, after a sharp slide in the...

Published 22 Dec, 2023 01:53pm

Mutual Funds

Japan’s longer-end bond yields jump as weak auction triggers selling

TOKYO: Yields on longer-dated Japanese government bonds jumped on Friday, as weak demand at the Ministry of...

Published 22 Dec, 2023 01:51pm

Europe

Russia says it is ready to quickly respond in kind to US missile deployments in Europe, Asia

MOSCOW: Russia is ready to swiftly respond in kind to Washington deploying short- and medium-range missiles in...

Published 22 Dec, 2023 01:48pm

Stocks

UK stocks slip in Christmas-truncated session, eyes on US data

British equities slipped in early trading on Friday following a dour GDP reading, though they were set for weekly...

Published 22 Dec, 2023 01:46pm

Stocks

European shares fall as technology, sportswear makers slide

European shares fell on Friday, dragged by technology and sportswear makers, as investors assessed the potential...

Published 22 Dec, 2023 01:43pm

Middle East

UN Security Council aims to vote Friday to boost aid to Gaza

UNITED NATIONS: A United Nations Security Council vote on a bid to boost aid to the Gaza Strip was delayed by...

Updated 22 Dec, 2023 12:52pm

Middle East

Gaza: why counting those killed by Israeli aggression has become a daily struggle

GAZA/LONDON: In the morgue of the Nasser Hospital, in southern Gaza, workers wrap the corpses of people killed by...

Updated 22 Dec, 2023 12:18pm

Sports

Welbeck salvages draw for Brighton at Crystal Palace

LONDON: Danny Welbeck’s late equaliser denied Crystal Palace a first Premier League win in seven games as Brighton...

Published 22 Dec, 2023 11:51am

Sports

Hope leads West Indies to T20 series win over England

TAROUBA: Shai Hope’s unbeaten 43 led West Indies to a four wicket victory over England and secured a 3-2 Twenty20...

Published 22 Dec, 2023 11:48am

Business & Finance

Japan inflation slows to 2.5% in November as energy bills drop

TOKYO: Japanese consumer inflation slowed to 2.5 percent year-on-year in November, down from 2.9 percent the...

Published 22 Dec, 2023 11:44am

USA

Biden to send top-level team to Mexico for migration talks

WASHINGTON: A top-level US delegation will head to Mexico soon to discuss concerns on migration, the White House...

Published 22 Dec, 2023 11:40am

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks resumed their week’s rally Friday after US data further stoked expectations the Federal...

Published 22 Dec, 2023 11:37am

Sports

England star Curran vows appeal after ‘intimidating umpire’ ban

SYDNEY: England star Tom Curran has been banned for four Big Bash League games after intimidating an umpire, but his...

Published 22 Dec, 2023 11:35am

Europe

EU Commission examines Italy’s tax case against Meta

MILAN: An Italian tax claim against Facebook parent Meta has been escalated to the EU Commission’s VAT committee for...

Published 22 Dec, 2023 11:30am

Business & Finance

Morgan Stanley’s outgoing CEO says markets will take off after rate cuts

Morgan Stanley’s outgoing CEO James Gorman said financial markets will “take off” once investors are sure the...

Published 22 Dec, 2023 11:28am

Europe

Mass drone attack hits several Kyiv districts

Russian drones bore down on the city of Kyiv early on Friday, with Mayor Vitali Klitschko and other officials...

Published 22 Dec, 2023 11:06am

Forex

Malaysia’s ringgit, Taiwan’s dollar at multi-month peaks as rate-cut hope lingers

The Malaysian ringgit and Taiwanese dollar touched multi-month highs on Friday, while most other regional currencies...

Published 22 Dec, 2023 11:01am

Business & Finance

IMF grants Costa Rica more than $770mn in financing

The International Monetary Fund said on Thursday it had approved over $770 million in financing for Costa Rica for...

Published 22 Dec, 2023 10:51am

Business & Finance

Philippines poverty rate in H1 2023 at 22.4%

MANILA: The Philippines’ poverty rate dropped to 22.4% or 25.24 million people in the first half of 2023, the...

Published 22 Dec, 2023 10:48am

Sports

Chelsea captain James undergoes hamstring surgery

Chelsea captain Reece James said he had undergone surgery to resolve a recurring hamstring issue. The 24-year-old...

Published 22 Dec, 2023 10:45am

Mutual Funds

Indian bond yields may inch up before debt sale, focus on RBI minutes

MUMBAI: Indian government bond yields are expected to trend marginally higher in early trade on the last day of the...

Published 22 Dec, 2023 10:43am

Forex

Indian rupee to rise after safe haven dollar drops to 4-month low

MUMBAI: The Indian rupee is expected to open higher on Friday after a recovery in US equities dampened the demand...

Published 22 Dec, 2023 10:38am

World

Second North Korean nuclear reactor appears to be operational, IAEA says

A new reactor at North Korea’s Yongbyon nuclear complex appears to be operating for the first time, the UN nuclear...

Published 22 Dec, 2023 10:34am

Forex

China’s yuan slips on expectations of further easing after deposit rate cut

SHANGHAI: China’s yuan slipped against the dollar on Friday, dragged lower by expectations of a further widening in...

Published 22 Dec, 2023 10:25am

South Asia

India probe into bribery claim in toxic syrup tests nears completion

NEW DELHI: India is close to finishing an investigation into a “comprehensive and exhaustive” complaint that a state...

Published 22 Dec, 2023 10:22am

Sports

NZ’s Williamson, Jamieson withdrawn from Bangladesh T20 series

New Zealand captain Kane Williamson and paceman Kyle Jamieson have been withdrawn from the squad to face Bangladesh...

Published 22 Dec, 2023 10:17am

Commodities

Palm extends losses after investors book profits

NEW DELHI: Malaysian palm oil futures dropped in early trade on Friday, extending losses from the previous session...

Published 22 Dec, 2023 10:13am

Technology

Tesla launches Shanghai megapack battery project

BEIJING: Tesla on Friday launched its new megapack battery manufacturing project in Shanghai, according to Chinese...

Published 22 Dec, 2023 10:11am

Commodities

Soybeans fall for a fourth day as Brazil supply fears ease

CANBERRA: Chicago soybean futures fell for a fourth day on Friday as expected rainfall in Brazil eased concerns that...

Published 22 Dec, 2023 10:00am

Textile group: Jul-Nov exports decline 6.5pc to $6.88bn YoY

Country’s overall exports during July-November fiscal year 2023-24 total $12.172 billion (provisional)

Updated 22 Dec, 2023 10:00am

Business & Finance

Five major Chinese banks cut interest rates on some deposits

BEIJING: Five of China’s largest state banks, including the Agricultural Bank of China and China Construction Bank,...

Published 22 Dec, 2023 09:59am

Business & Finance

China’s 2024 steel demand to fall 1.7% from this year

BEIJING: China’s steel demand in 2023 will decline by 3.3% from 2022 to 890 million metric tons and contract a...

Published 22 Dec, 2023 09:57am

Mutual Funds

Argentina presidential decree met with market caution, public protests

BUENOS AIRES: Argentine sovereign debt rose on Thursday and stocks dipped after early gains, as market participants...

Published 22 Dec, 2023 09:55am

Stocks

Asia stocks see slim weekly gain, await US inflation

SINGAPORE: Asian stocks were poised to eke out gains for the final full trading week of the year on Friday, while...

Published 22 Dec, 2023 09:52am

Asia

Biting cold to loosen grip as temperatures to creep higher in China

BEIJING: After almost two weeks of below-freezing weather brought by a cold wave that swept through most of China, a...

Published 22 Dec, 2023 09:49am

Pakistan

Sindh asked to compensate those affected by anti-encroachment drive

KARACHI: The Supreme Court of Pakistan Thursday directed the Sindh chief secretary to compensate the affectees of...

Updated 22 Dec, 2023 09:48am

Business & Finance

SHC suspends gas tariff hike notification for textile industry

KARACHI: Sindh High Court (SHC) on Thursday suspended the gas tariff hike notification for the textile industry. The...

Updated 22 Dec, 2023 09:48am

Non-inclusion of actual freight charges: Country incurring $1.5m monthly loss in meat exports to UAE

ISLAMABAD: Pakistan is reportedly bearing a loss of $1.5 million per month due to non-inclusion of actual freight...

Updated 22 Dec, 2023 09:48am

Jul-Nov: Petroleum group imports witness 16.19pc negative growth

ISLAMABAD: Petroleum group imports witnessed a negative growth of 16.19 per cent during the first five months...

Updated 22 Dec, 2023 09:47am

SOEs: PM briefed about privatisation process

ISLAMABAD: Caretaker Minister for Privatisation and Inter-Provincial Coordination Fawad Hassan Fawad called on...

Updated 22 Dec, 2023 09:47am

Bullion Rate

Gold near 3-week peak on rate-cut bets as US inflation test looms

Gold prices climbed on Friday to their highest level in nearly three weeks, as rising bets on Federal Reserve...

Published 22 Dec, 2023 09:46am

Commodities

Indonesia president says secured rice import commitments from India, Thailand

JAKARTA: Indonesia president Joko Widodo said on Friday the government has secured rice import commitments from...

Published 22 Dec, 2023 09:45am

Stocks

Japan’s Nikkei tracks Wall Street rebound; banks lead gains

TOKYO: Japan’s Nikkei share average rose on Friday, on course for a second weekly gain, tracking a rebound on Wall...

Published 22 Dec, 2023 09:43am

Stocks

Australian shares inch higher ahead of key US inflation data

Australian shares were set for a fourth straight weekly gain on Friday as the market edged higher ahead of a key US...

Published 22 Dec, 2023 09:41am

Stocks

India’s Nifty set to open higher tracking Asian peers

BENGALURU: India’s Nifty 50 is set to open higher on Friday, extending a recovery after Wednesday’s fall and...

Published 22 Dec, 2023 09:39am

Forex

Dollar sinks ahead of US inflation test

SINGAPORE: The dollar languished near a more than four-month low on Friday ahead of a reading on a key US inflation...

Published 22 Dec, 2023 09:38am

Regionally competitive level sought: APTMA demands power tariff at 9-10 cents per kWh

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has expressed deep concern over the absolutely dismal...

Updated 22 Dec, 2023 09:19am

Pakistan

Review committee proposes amendments to JCP rules

ISLAMABAD: The committee constituted to review the Judicial Commission of Pakistan Rules, 2010, has proposed...

Updated 22 Dec, 2023 09:10am

Business & Finance

Business of BoI allocated to Gohar

ISLAMABAD: Caretaker Federal Minister for Commerce, Industries, and Production Dr Gohar Ejaz has been allocated the...

Updated 22 Dec, 2023 09:08am

BR Research

Digital invoicing in the FMCG industry

In the last few years, FBR’s focus (on the face of it) has been shifting towards digitization of the economy,...

Published 22 Dec, 2023 09:03am

Business & Finance

Jul-Nov mobile phones imports up 112.2pc to $616.54m YoY

ISLAMABAD: The country imported mobile phones worth $616.541 million during the first five months (July-November) of...

Updated 22 Dec, 2023 09:03am

ATIR’s orders: FTO explains what actually constitutes maladministration

ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that the delay in giving appeal effect to the order which is in...

Updated 22 Dec, 2023 09:03am

BR Research

CY24: sugar to retail above Rs200?

Amid the 30+ percent average inflation during the calendar year 2023, the rise in sugar prices may have been one of...

Published 22 Dec, 2023 09:00am

BR Research

Pakistan Aluminum Beverage Cans Limited

Pakistan Aluminum Beverage Cans Limited (PSX: PABC) was incorporated in Pakistan as a public unlisted company in...

Published 22 Dec, 2023 08:56am

BR’s refresher: your morning briefing for the day

Important updates from December 21, 2023

Published 22 Dec, 2023 08:20am

World

No functional hospitals left in northern Gaza: WHO

GENEVA: There are no longer any functional hospitals in the north of the Gaza Strip, the World Health Organization...

Updated 22 Dec, 2023 06:34am

Opinion

Sharifuddin Pirzada’s views on ZAB’s mercy petition

“On 24 March 1979 the Supreme Court, while dismissing the Review Petition of Z. A. Bhutto, observed that grounds...

Updated 22 Dec, 2023 05:47am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (December 21, 2023). ==================================== ...

Published 22 Dec, 2023 05:33am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (December 21, 2023). ======================================= ...

Published 22 Dec, 2023 05:32am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (December 21, 2023)...

Published 22 Dec, 2023 05:32am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 21, 2023)....

Published 22 Dec, 2023 05:31am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (December 21, 2023)....

Published 22 Dec, 2023 05:30am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (December 21, 2023). ======================== Open ...

Published 22 Dec, 2023 05:29am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (December...

Published 22 Dec, 2023 05:28am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (December 21, 2023). ========================== KIBOR...

Published 22 Dec, 2023 05:27am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 22 Dec, 2023 05:27am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 22 Dec, 2023 05:27am

World

Gunman kills over 15 people at Prague university

PRAGUE: A 24-year-old student killed more than 15 people and wounded dozens more at a Prague university on Thursday...