News Archives for Latest - 2023-12-27

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Archive - 2023-12-27

World

Gaza population in 'grave peril', says WHO

GENEVA: The population of Gaza is in "grave peril", the head of the World Health Organization warned Wednesday,...

Published 27 Dec, 2023 11:51pm

Europe

Former EU Commission president Jacques Delors dies at 98

PARIS: Jacques Delors, a former head of the EU Commission and key figure in the creation of the euro currency, has...

Published 27 Dec, 2023 11:27pm

Pakistan

Shah Mahmood Qureshi arrested from Adiala Jail

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi was taken into custody on Wednesday from Adiala...

Updated 27 Dec, 2023 10:48pm

Stocks

KSE-100 posts recovery, powers past 60,000 with nearly 2.9% gain

Value investors mark return to PSX

Updated 27 Dec, 2023 10:46pm

Currency

Open-market: rupee drifts higher against US dollar

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

Updated 27 Dec, 2023 10:44pm

Middle East

Israel attacks central Gaza, kills dozens more Palestinians

Israeli forces have killed 195 Palestinians and wounded 325 in the past 24 hours, bringing recorded toll to 21,110 killed and 55,243 wounded since Oct. 7

Updated 27 Dec, 2023 10:40pm

Pakistan

Bilawal unveils 10-point election manifesto focusing on poor

Promises free education, health, cash handouts, and food for farmers and labourers

Updated 27 Dec, 2023 10:30pm

Markets

Ministry of Finance projects inflation at 27.5-28.5% for December

In latest ‘Monthly Economic Update and Outlook’ report, it anticipates reading to further ease out to 24-25% in January

Updated 27 Dec, 2023 10:27pm

World

Wagner-backed Central African Republic in talks with US firm

PARIS: The US private security company Bancroft Global Development says it is in talks with the government of ...

Published 27 Dec, 2023 10:24pm

Energy

Oil down $1 as investors watch Red Sea developments

LONDON: Oil prices fell by $1 a barrel on Wednesday, eating into the previous day’s gains as investors monitored...

Updated 27 Dec, 2023 10:19pm

Pakistan

Govt plans to boost foreign investment in IT sector: PM Kakar

Caretaker premier says IT sector can play vital role in strengthening country’s economy

Updated 27 Dec, 2023 10:18pm

Forex

Inter-bank: rupee sees 11th consecutive gain against US dollar

Currency appreciates 0.06%, settles at 282.20 against greenback

Updated 27 Dec, 2023 10:04pm

Pakistan

Pakistan successfully test-fires Fateh-II weapons system

Pakistan successfully tested the Fatah-II weapons system on Wednesday, with a demonstration of its high-precision...

Updated 27 Dec, 2023 10:03pm

Europe

Eiffel Tower closed as staff go on strike

PARIS: The Eiffel Tower, one of the world’s top tourist attractions, was closed Wednesday after staff went on...

Published 27 Dec, 2023 09:29pm

Cricket

Veteran Elgar and new cap Bedingham put South Africa ahead against India

CENTURION: Dean Elgar, on the eve of retirement, and new cap David Bedingham took South Africa into the lead on the...

Updated 27 Dec, 2023 09:25pm

Stocks

The Organic Meat Company Limited to expand production facilities

The Board of Directors (BoD) of The Organic Meat Company Limited (TOMCL), a Pakistani meat processor, approved an...

Updated 27 Dec, 2023 08:24pm

Stocks

US stocks edge higher, extending rally

NEW YORK: Wall Street stocks inched higher early Wednesday as markets traded calmly ahead of the final two sessions...

Published 27 Dec, 2023 08:02pm

Europe

Turkiye’s Erdogan says Israeli PM Netanyahu no different from Hitler

ANKARA: Turkish President Tayyip Erdogan said on Wednesday that Israeli Prime Minister Benjamin Netanyahu was no...

Published 27 Dec, 2023 07:17pm

Commodities

Base metals rise on Chinese data; aluminium hits eight-month high

LONDON: Base metals prices rose in London on Wednesday, buoyed by industrial profit gains in top metals consumer...

Published 27 Dec, 2023 06:00pm

Europe

Russia, India closer to joint military equipment production

MOSCOW: Russia and India have made tangible progress in talks on plans to jointly produce military equipment,...

Published 27 Dec, 2023 05:55pm

Currency

Turkish lira marks new low after 36% drop this year

ISTANBUL: The Turkish lira weakened to a record low of 29.4 against the dollar on Wednesday, bringing its losses in...

Published 27 Dec, 2023 05:18pm

Stocks

Stock markets rise after festive break

LONDON: Asian and European stocks climbed Wednesday, with several key equity markets reopening after a festive...

Published 27 Dec, 2023 05:20pm

Stocks

Indian stocks resume record-breaking rally on rate cut optimism

BENGALURU: India’s benchmark indexes resumed their record-breaking run on Wednesday, boosted by a global rally on...

Published 27 Dec, 2023 05:14pm

South Asia

UAE’s Air Arabia to launch daily flights to Kabul

DUBAI: Air Arabia announced daily flights to Kabul on Wednesday, becoming the United Arab Emirates’ second airline...

Published 27 Dec, 2023 05:13pm

Stocks

Sri Lanka shares end flat amid sluggish trading

BENGALURU: Sri Lankan shares were mostly unchanged on Wednesday in lacklustre trading as gains in John Keells...

Published 27 Dec, 2023 05:12pm

Commodities

Palm settles higher on stronger rival oils, low trading caps gains

KUALA LUMPUR: Malaysian palm oil futures rose for a second session on Wednesday, with strength in rival edible oils...

Published 27 Dec, 2023 05:05pm

Energy

Russia says redirected most oil exports to China, India

MOSCOW: Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak...

Updated 27 Dec, 2023 04:57pm

Cricket

Bangladesh claim historic victory over New Zealand in first T20

NAPIER: Bangladesh claimed an historic five-wicket win over New Zealand on Wednesday after their bowlers ran riot in...

Updated 27 Dec, 2023 04:34pm

Middle East

Iran says ‘nothing new’ in UN nuclear watchdog report

TEHRAN: Iran said Wednesday there was “nothing new” in an International Atomic Energy Agency report which said it...

Published 27 Dec, 2023 04:31pm

Football

Gakpo backs Liverpool forwards to fill in for absent Salah

LONDON: Liverpool’s Cody Gakpo believes his side have the forward firepower to cope without Mohamed Salah when the...

Published 27 Dec, 2023 04:29pm

Sports

Djokovic expects Nadal back for more Grand Slams not just to play

RIYADH: Novak Djokovic warned Wednesday he expects great rival Rafael Nadal is returning “to win a Grand Slam, not...

Published 27 Dec, 2023 04:26pm

Bullion Rate

Gold price per tola increases Rs1,000 in Pakistan

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

Published 27 Dec, 2023 04:19pm

Movies & Music

What to watch this January: ‘Nayab’, ‘Masters Of The Air’, ‘Expats’

As we head into the new year, some plan their resolutions, while some may add new adventures to their list of things...

Published 27 Dec, 2023 04:00pm

Europe

German political heavyweight Wolfgang Schaeuble dies aged 81

BERLIN: Wolfgang Schaeuble, one of the most important figures in German political life over the last 30 years, has...

Published 27 Dec, 2023 02:52pm

Middle East

Yemen’s Houthis claim responsibility for Pakistan-bound Red Sea container ship attack

DUBAI: Yemen’s Iran-backed Houthi claimed responsibility for a missile attack on Tuesday on a container ship in the...

Published 27 Dec, 2023 02:42pm

Commodities

Pakistan gets no offers in 110,000 T wheat tender

HAMBURG: No price offers were believed to have been submitted in a tender from Pakistan on Wednesday to purchase...

Published 27 Dec, 2023 02:03pm

Stocks

London stocks rise on year-end rate cut optimism, miners aid

The UK shares opened higher on Wednesday, led by a rise in mining firms, while investors latched on to the year-end...

Published 27 Dec, 2023 01:59pm

Middle East

Israel strike kills three in south Lebanon: state media

BEIRUT: An Israeli air strike on a south Lebanon border town killed a Hezbollah fighter, the group said Wednesday,...

Published 27 Dec, 2023 01:54pm

Movies & Music

‘Parasite’ actor Lee found dead amid drug accusations

SEOUL: Lee Sun-kyun, an actor in South Korea’s Oscar-winning film ‘Parasite’, was found dead on Wednesday by...

Updated 27 Dec, 2023 01:25pm

Movies & Music

‘Aquaman,’ ‘Color Purple’ notch notable weekends at North American box office

LOS ANGELES: ‘Aquaman and the Lost Kingdom,’ starring Jason Momoa as a sea-dwelling superhero, splashed to the top...

Updated 27 Dec, 2023 01:13pm

Forex

Russian rouble weakens slightly as tax-driven FX sales wind down

MOSCOW: The Russian rouble weakened against the US dollar and euro on Wednesday in thin trading, with exporters...

Published 27 Dec, 2023 01:12pm

South Asia

Iran dismisses IAEA report on uranium enrichment

Iran’s atomic energy chief Mohammad Eslami on Wednesday said there was “nothing new” in an international nuclear...

Published 27 Dec, 2023 01:11pm

Sports

Liverpool boss Klopp happy to have Jota back after injury

Liverpool manager Juergen Klopp said Diogo Jota is a crucial player for the Premier League leaders after the...

Published 27 Dec, 2023 01:10pm

Energy

Adani Energy to spend $360mn to build Gujarat power transmission line

MUMBAI: Adani Energy Solutions plans to spend $360 million to build a transmission line to connect a solar and wind...

Published 27 Dec, 2023 01:09pm

Sports

Australia take control of second Test as Pakistan flounder

MELBOURNE: Pat Cummins and Nathan Lyon put Australia in the driving seat of the second Test at the Melbourne Cricket...

Updated 27 Dec, 2023 12:26pm

Asia

Six dead, tens of thousands hit by southern Thailand flooding

BANGKOK: Floods in southern Thailand have killed at least six people and affected tens of thousands of households,...

Published 27 Dec, 2023 12:22pm

Mutual Funds

JGB yields fall as BOJ’s summary offers no clue for policy shift

TOKYO: Japanese government bond yields fell on Wednesday as investors failed to see signs of a shift in the Bank of...

Published 27 Dec, 2023 12:11pm

Technology

BYD has obtained conditional testing license for level 3 autonomous driving on high-speed roads

BEIJING: Chinese electric vehicle giant BYD said on Wednesday it has obtained a conditional testing license for...

Published 27 Dec, 2023 12:08pm

Commodities

Jordan made no purchase in tender for 120,000 T wheat

HAMBURG: Jordan’s state grain buyer is believed to have made no purchase in an international tender to buy up to...

Published 27 Dec, 2023 12:05pm

Bullion Rate

Gold holds steady as activity muted, headed for best year in three

Gold prices steadied on Wednesday as trading was muted in the last week of the year, but bullion was headed for its...

Published 27 Dec, 2023 12:03pm

USA

US, Israel discuss ‘different phase’ of war

WASHINGTON: US National Security Advisor Jake Sullivan met Tuesday to discuss shifting “to a different phase” of the...

Published 27 Dec, 2023 11:53am

Sports

Nadal, Osaka in Australia comebacks as Djokovic targets more glory

SYDNEY: Rafael Nadal returns from a “winding, tortuous” injury journey in Brisbane this week, while fellow superstar...

Published 27 Dec, 2023 11:45am

Technology

Tesla to roll out revamped Model Y from Shanghai plant: Bloomberg News

Electric vehicle maker Tesla Inc is preparing to launch a revamped version of its Model Y from its Shanghai plant,...

Published 27 Dec, 2023 11:17am

Forex

China’s yuan hovers around 1-week low on loose liquidity conditions

SHANGHAI: China’s yuan hovered close to a one-week low against the dollar on Wednesday, pressured by signs of...

Published 27 Dec, 2023 11:04am

Europe

Russia to deploy newest howitzers close to Finland’s border

Russia will soon deploy its newest howitzers to its Northern Military District which borders Finland and Norway, the...

Published 27 Dec, 2023 10:54am

Opinion

Pakistan’s legal win but economic loss

In a recent legal triumph, Pakistan successfully defended itself in an arbitration case initiated by Tuwairqi Steel...

Updated 27 Dec, 2023 10:49am

Companies

Toyota’s global output surges to record in November on strong demand

TOKYO: Toyota Motor’s global production jumped 11% in November to a record level, bouncing back from last year’s...

Published 27 Dec, 2023 10:48am

Commodities

Wheat eases after rally, Black Sea supply concerns limit decline

SINGAPORE: Chicago wheat slid on Wednesday after climbing to a more than two-week high in the previous session,...

Published 27 Dec, 2023 10:46am

Mutual Funds

India bond yields flattish; traders see activity picking up next week

MUMBAI: Indian government bond yields were little changed on Wednesday, with volumes falling sharply, as most...

Published 27 Dec, 2023 10:43am

Forex

Indian rupee edges lower due to dollar demand from foreign banks

MUMBAI: The Indian rupee weakened on Wednesday, pressured by dollar demand from large foreign banks, even as most of...

Published 27 Dec, 2023 10:41am

Companies

Corolla Cross hybrid vehicle: ‘IMC sets very high bar for competitors to match price, technology’

KARACHI: The entry of the local Toyota Corolla Cross hybrid electric vehicle (HEV) into Pakistan’s SUV market is...

Updated 27 Dec, 2023 10:39am

Commodities

Palm oil extends gains on support from rival oils

KUALA LUMPUR: Malaysian palm oil futures climbed for a second session on Wednesday, underpinned by strength in rival...

Published 27 Dec, 2023 10:39am

Technology

SoftBank gets $7.6bn T-Mobile stake windfall, shares soar

TOKYO: SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no...

Published 27 Dec, 2023 10:34am

Business & Finance

Dubai’s VARA is tackling the FATF grey list head on

DUBAI/KARACHI: Rather than shy away from the somewhat “grey” world of crypto and virtual assets because of the UAE...

Updated 27 Dec, 2023 10:33am

Business & Finance

China’s industrial profits post double-digit gains but recovery uneven

BEIJING: China’s November industrial profits posted double-digit gains as overall manufacturing improved, although...

Published 27 Dec, 2023 10:32am

Asia

World’s biggest nuclear plant in Japan to resume path towards restart

TOKYO: Japan’s nuclear power regulator on Wednesday lifted an operational ban it imposed on Tokyo Electric Power’s...

Published 27 Dec, 2023 10:27am

Commodities

Copper steadies amid dollar weakness, supply concern

BEIJING: Prices of copper were steady on Wednesday, supported by a weak dollar and concern over tight global raw...

Published 27 Dec, 2023 10:18am

Commodities

China’s 2023/24 sugar output to rise 9% y/y to 9.8mn T

BEIJING: China’s sugar output in the 2023/2024 season is estimated to rise 9% from the previous season to 9.8...

Published 27 Dec, 2023 10:16am

Stocks

India’s Nifty set to open higher, tracking Asian peers

BENGALURU: India’s Nifty 50 will likely open higher on Wednesday tracking gains in Asian peers, helped by bets of...

Published 27 Dec, 2023 10:14am

Stocks

Asian stocks rise with year-end cheer; dollar heavy

SINGAPORE: Asian stocks rose broadly on Wednesday, tracking a rally from Wall Street as investors latched on to the...

Published 27 Dec, 2023 10:12am

Stocks

Australian shares hit 20-month high on Wall Street rally

Australian shares rose on Wednesday to their highest level in 20 months as trade resumed after a long holiday...

Published 27 Dec, 2023 10:07am

Stocks

Japan’s Nikkei rallies on Wall Street gains, softer yen; SoftBank jumps

TOKYO: Japan’s Nikkei share average rallied broadly on Wednesday, as a softer yen buoyed exporter shares and chip...

Published 27 Dec, 2023 10:05am

Forex

Dollar under pressure on rate cut wagers in thin holiday market

SINGAPORE: The dollar remained under pressure on Wednesday, while the euro flirted with a four month peak, as...

Published 27 Dec, 2023 10:02am

Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY

Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit

Updated 27 Dec, 2023 09:54am

World

Seven dead after storms pound eastern Australia

SYDNEY: Rescue crews were Wednesday searching for survivors after seven people died in heavy storms across...

Published 27 Dec, 2023 09:54am

Number of active taxpayers reaches 5.3m mark

ISLAMABAD: The number of active taxpayers (ATL) has reached 5.3 million as on December 26, 2023. It is learnt that...

Updated 27 Dec, 2023 09:53am

‘Attempting’ to introduce new laws: Caretakers come under sharp criticism in Senate

ISLAMABAD: Once again, the caretakers came under sharp criticism from the members of the upper house of the...

Updated 27 Dec, 2023 09:52am

PM forms body to resolve KP’s financial issues

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed to form a secretarial committee to resolve the...

Updated 27 Dec, 2023 09:51am

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks opened higher on Wednesday after a Christmas holiday closure, tracking Wall Street gains...

Published 27 Dec, 2023 09:50am

Europe

One dead, four wounded as Russia strikes Kherson: minister

KYIV: A Russian strike on a train station filled with fleeing civilians in the Ukrainian city of Kherson killed a...

Published 27 Dec, 2023 09:47am

Middle East

Six killed in Israeli operation in occupied West Bank: Palestinian health ministry

RAMALLAH: An Israeli operation in a Palestinian refugee camp in the north of the occupied West Bank left six people...

Published 27 Dec, 2023 09:44am

Ministry announces improvement in BoP

ISLAMABAD: The Ministry of Commerce announced achievements in trade sector with a year-on-year balance of payments...

Updated 27 Dec, 2023 09:27am

Agri insurance pool may act as risk aggregator: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended that an agricultural insurance...

Updated 27 Dec, 2023 09:26am

Technology

Number of subscribers and 3G/4G users, teledensity, NGMS penetration slump: PTA

ISLAMABAD: The number of cellular subscribers, 3G/4G users, teledensity as well as Next Generation Mobile Service...

Updated 27 Dec, 2023 09:25am

Directives to remove officials rejected: Govt asks ECP to reconsider interior ministry’s report

ISLAMABAD: Once again refusing to implement the directives of the Election Commission of Pakistan (ECP) over the...

Updated 27 Dec, 2023 09:25am

Crop, livestock: SECP says there’s notable absence of insurance schemes

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has observed that there is a notable absence of...

Updated 27 Dec, 2023 09:24am

CPPA seeks Rs4.66 per unit FCA for XW Discos

ISLAMABAD: The Central Power Purchasing Agency (CPPA) has sought a massive Rs4.66 per unit fuel cost adjustment...

Updated 27 Dec, 2023 09:23am

Self-sustenance a must for success: Alvi

KARACHI: President Dr Arif Alvi on Tuesday said that self-sustenance is inevitable for the success in the world and...

Updated 27 Dec, 2023 09:22am

BR’s refresher: your morning briefing for the day

Important updates from December 26, 2023

Published 27 Dec, 2023 09:14am

BR Research

Power generation: Headaches aplenty

The worst fears are coming true. When the electricity tariff rebasing exercise was carried out in July 2023, it was...

Published 27 Dec, 2023 08:57am

BR Research

The Organic Meat Company Limited

The Organic Meat Company Limited (PSX: TOMCL) was incorporated in Pakistan as a private limited company in 2010. The...

Published 27 Dec, 2023 08:55am

Opinion

Benazir: leader par excellence

Today, December 27, 2023 marks the sixteenth death anniversary of Benazir Bhutto. She sacrificed her life...

Updated 27 Dec, 2023 05:44am

Opinion

Remembering Shaheed Benazir Bhutto

It has been 16 years since Shaheed Ms. Benazir Bhutto left us, but the pain of her tragic death does not leave us....

Updated 27 Dec, 2023 05:42am

Opinion

AI – impact on healthcare industry

Mention artificial intelligence (AI) and the reaction varies from blank to reluctant to frightened to downright...

Updated 27 Dec, 2023 05:41am

Supplements

Jinnah’s Pakistan

The founder of a nation is an ideal, a hero, and a personality to whom people look up to and follow in his footsteps...