News Archives for Latest - 2023-12-28

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Archive - 2023-12-28

Forex

Pakistan’s central bank reserves increase $852mn, now stand at $7.75bn

State Bank of Pakistan attributes jump in dollar stockpile to receipt of official Government of Pakistan inflows

Updated 29 Dec, 2023 03:06am

Middle East

Pakistan bans New Year celebrations in solidarity with Gaza

Caretaker PM Kakar says Pakistani nation and Muslim world are in state of anguish over massacre of innocent Palestinians

Updated 29 Dec, 2023 03:06am

World

Israeli tanks advance deep into Gaza town after strikes cause new mass exodus

CAIRO: Israeli tanks advanced deep into a town in the central Gaza Strip on Thursday after days of relentless...

Published 28 Dec, 2023 11:46pm

USA

US, Mexico agree to keep border crossings open: Lopez Obrador

MEXICO CITY: Mexican and US officials agreed to keep border crossings open, Mexican President Andres Manuel Lopez...

Published 28 Dec, 2023 11:35pm

Europe

Ukraine and Hungary prepare for Zelenskiy, Orban meeting amid tensions

Ukraine and Hungary are preparing a meeting of President Volodymyr Zelenskiy and Prime Minister Viktor Orban in the...

Published 28 Dec, 2023 10:59pm

USA

US targets flow of Iranian funds to Yemen’s Houthis over attacks

WASHINGTON: In its latest response to attacks on shipping by the Houthis, the US on Thursday sanctioned an...

Published 28 Dec, 2023 10:51pm

Pakistan

PTI’s Khadija Shah gets bail in May 9 mayhem case

Pakistan Tehreek-e-Insaf (PTI) activist and renowned fashion designer Khadija Shah was released from custody in...

Published 28 Dec, 2023 10:12pm

Pakistan

Court sends Shah Mahmood Qureshi on 14-day judicial remand

He was detained a day ago

Updated 28 Dec, 2023 10:12pm

Forex

Inter-bank: rupee records 12th successive gain against US dollar

Currency appreciates 0.1%, settles at 281.93 against greenback

Updated 28 Dec, 2023 10:10pm

Pakistan

Cipher case: IHC halts Imran Khan’s trial till Jan 11

Issues notice to federation and seeks its response to PTI's petition

Updated 28 Dec, 2023 09:56pm

Pakistan

Army top brass says 'requisite and necessary support' will be offered to ECP for elections

The military's high command affirms its support for ongoing efforts to promote socioeconomic growth and stimulate foreign investment under the SIFC

Updated 28 Dec, 2023 09:53pm

Stocks

KSE-100 gains nearly 2% as investors cherry-pick holdings

Benchmark index settles above 62,000 level

Updated 28 Dec, 2023 09:41pm

Bullion Rate

Gold price per tola jumps Rs2,200 in Pakistan

Gold extended gains in Pakistan on Thursday, in line with increase in the international rate. The yellow metal was...

Updated 28 Dec, 2023 09:38pm

Currency

Open-market: rupee continues uptrend against US dollar

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

Published 28 Dec, 2023 09:34pm

Movies & Music

Significant cultural moments that dominated headlines in 2023

As 2023 draws to a close, it is with a somber mood that we look back to reflect on the highs and lows of the past...

Updated 28 Dec, 2023 09:26pm

Cricket

South Africa skittle India to claim innings win in 1st Test

CENTURION: Fast bowler Nandre Burger took 4-33 as South Africa bowled out India for just 131 in their second...

Updated 28 Dec, 2023 09:15pm

Energy

PBC urges govt to lower power tariffs

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has urged the...

Updated 28 Dec, 2023 07:59pm

Stocks

US stocks open higher as S&P 500 nears record

NEW YORK: Wall Street stocks edged higher early Thursday as markets eyed a possible S&P 500 record in another...

Published 28 Dec, 2023 07:56pm

Europe

Zelensky thanks US for aid package

KYIV: Ukrainian President Volodymyr Zelensky on Thursday thanked the US for releasing the last remaining package of...

Published 28 Dec, 2023 07:25pm

Markets

TPL REIT Fund I completes first funding round

TPL REIT Fund I managed by TPL REIT Management Company Limited (TPL RMC) has completed its first funding round. The...

Published 28 Dec, 2023 05:39pm

Companies

DET, P&G’s sign partnership to contribute towards Dubai’s economic growth

The Dubai Department of Economy and Tourism (DET) has signed a partnership with multinational consumer goods...

Published 28 Dec, 2023 05:36pm

Europe

Ukraine says cargo ship hit mine in Black Sea, wounding two

KYIV: Ukrainian authorities said Thursday that a commercial ship arriving to collect grain hit a Russian naval mine...

Published 28 Dec, 2023 05:22pm

South Asia

Bangladesh jails former air force chief in opposition crackdown

DHAKA: A Bangladesh court sentenced a former air force chief and an ex-minister to prison Thursday in the latest...

Published 28 Dec, 2023 05:18pm

Stocks

European stocks dip as trading year nears end

LONDON: European stock markets dipped Thursday with recent profits banked on the penultimate trading day of the...

Updated 28 Dec, 2023 05:14pm

Energy

Oil prices slide as Red Sea transport disruptions ease

LONDON: Oil prices fell around 1% on Thursday as concerns eased about shipping disruptions along the Red Sea route,...

Updated 28 Dec, 2023 05:14pm

South Asia

Qatar court drops death sentence for eight Indians, New Delhi says

NEW DELHI: A Qatar court has dropped the death sentence imposed on eight Indian former naval officers arrested there...

Published 28 Dec, 2023 05:10pm

Pakistan

‘Demolishing valuable heritage assets’: TI-Pakistan requests caretaker Sindh CM to examine complaint filed by architect Yasmeen Lari

In her letter, Lari alleges that instead of maintaining pre-1947 buildings that have been notified, many custodians, particularly Evacuee Property Trust Board, are getting heritage building declared dangerous by the relevant department

Published 28 Dec, 2023 05:03pm

Stocks

Financials drive Indian benchmarks to new record highs

BENGALURU: India’s benchmark indexes hit fresh all-time highs on Thursday as strong domestic data lifted heavyweight...

Published 28 Dec, 2023 05:03pm

Stocks

Sri Lanka shares end marginally higher as communication services, financials lead

CSE All Share index settled up 0.2% at 10,626.56

Published 28 Dec, 2023 05:00pm

Commodities

Copper pulls back from near 5-month high on profit-taking

LONDON: Copper prices retreated from the highest in nearly five months on Thursday as investors locked in profits...

Published 28 Dec, 2023 04:58pm

Commodities

Palm closes down on weaker Dalian contracts; lower output estimates cap losses

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after two consecutive sessions of gains, weighed down by...

Published 28 Dec, 2023 04:55pm

BR Research

Nestle sets the way

Earlier this month, Nestlé Pakistan inaugurated a 2.5 MW solar power plant, which is under its Rs2 billion...

Updated 28 Dec, 2023 03:53pm

Europe

UN report deplores ‘rapid deterioration’ of rights in West Bank

GENEVA: A United Nations report published on Thursday deplored what it said was a “rapid deterioration” of human...

Published 28 Dec, 2023 03:28pm

Technology

Russia extends cross-flight programme with NASA until 2025

MOSCOW: Russia’s space state agency Roscosmos said on Thursday that a cross-flight programme with NASA to the...

Published 28 Dec, 2023 03:14pm

Technology

Israeli startups raised $1.5bn in Q4, $7bn in 2023

OCCUPIED JERUSALEM: Israeli high tech firms raised $1.5 billion in the fourth quarter of 2023, preliminary data...

Published 28 Dec, 2023 03:12pm

Technology

China’s Xiaomi unveils first electric car, plans to become top automaker

BEIJING: Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly...

Published 28 Dec, 2023 03:08pm

Sports

DR Congo name squad for African Cup of Nations finals

KINSHASA: Chancel Mbemba will captain the Democratic Republic of Congo at next month’s African Cup of Nations...

Published 28 Dec, 2023 03:03pm

South Asia

Bangladesh garment factories fire workers after protests, unions say

DHAKA: Bangladesh garment factories have fired hundreds of workers since protests in October demanding higher wages,...

Published 28 Dec, 2023 02:57pm

Stocks

Can sizzling Magnificent Seven trade keep powering US stocks in 2024?

NEW YORK: As a strong year in US stocks winds down, fund managers face a potentially consequential choice in 2024:...

Published 28 Dec, 2023 02:53pm

Europe

Russian plane lands on frozen river by mistake

MOSCOW: A Soviet-era Antonov-24 aircraft carrying 30 passengers landed on a frozen river near an airport in Russia’s...

Published 28 Dec, 2023 02:48pm

Movies & Music

Shakira’s home city unveils giant statue of ‘Hips Don’t Lie’ singer

Grammy-winning Colombian singer Shakira, one of the world’s top-selling musicians, has been immortalized in her...

Published 28 Dec, 2023 01:57pm

Sports

After landmark World Cup, more sponsors keen on women’s sport in 2024

NEW YORK: A gender-equal Olympic Games next year will coincide with increasing sponsorship opportunities for female...

Published 28 Dec, 2023 01:37pm

Stocks

London stocks open higher on miners boost, lower yields

The UK shares were on track for a three-day winning streak on Thursday, following a jump in mining shares as prices...

Published 28 Dec, 2023 01:30pm

Middle East

Israeli aggression in Gaza add to heavy Palestinian toll

Gaza health ministry says recorded toll at 21,110 killed and 55,243 wounded in Israeli attacks, while nearly all of Gaza's 2.3 million people have been driven from their homes

Updated 28 Dec, 2023 01:27pm

Sports

Marsh’s 96 leads Australia fightback after Pakistan blitz

MELBOURNE: Mitchell Marsh hit a counter-attacking 96 in a fighting rescue mission with a dogged Steve Smith Thursday...

Updated 28 Dec, 2023 01:21pm

Commodities

Copper hovers near five-month high on soft dollar

Copper prices in London were steady on Thursday, hovering around a five-month high hit in the previous session,...

Published 28 Dec, 2023 12:44pm

Middle East

Iran’s supreme leader leads prayers during funeral of senior Guards adviser

Iran’s Supreme Leader Ali Khamenei led prayers on Thursday at the funeral of Sayyed Razi Mousavi, a senior...

Published 28 Dec, 2023 12:42pm

Business & Finance

GCC, South Korea sign free trade agreement

DUBAI: The six-member Gulf Cooperation Council (GCC) and South Korea signed a free trade agreement (FTA) on Thursday...

Published 28 Dec, 2023 12:34pm

USA

US allies reluctant on Red Sea task force

WASHINGTON/MADRID/ROME: US President Joe Biden hoped to present a firm international response to Yemen’s Houthi...

Published 28 Dec, 2023 12:28pm

Europe

Road accident kills 11 in northwestern Turkiye

ANKARA: Eleven people were killed and more than 50 injured in a road accident in northwestern Turkiye on Thursday,...

Published 28 Dec, 2023 12:10pm

Sports

Clamour grows for more women’s Tests among ‘Big Three’

NEW DELHI: Two mouth-watering clashes in and around Mumbai this month involving the “Big Three” have whetted the...

Published 28 Dec, 2023 12:07pm

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks edged higher at the open on Thursday, continuing the previous day’s rally and building...

Published 28 Dec, 2023 11:53am

Asia

North Korea’s Kim calls for ‘accelerated’ war preparations

SEOUL: North Korean leader Kim Jong Un urged his party to “accelerate” war preparations including its nuclear...

Published 28 Dec, 2023 11:51am

South Asia

India targeting high-profile journalists with spyware: Amnesty

NEW DELHI: India’s government has recently targeted high-profile journalists with Pegasus spyware, Amnesty...

Published 28 Dec, 2023 11:47am

Forex

Australia, NZ dollars keep climbing as markets go all-in on rate cuts

SYDNEY: The Australian and New Zealand dollars were celebrating fresh five-month highs on Thursday as markets went...

Published 28 Dec, 2023 11:29am

World

West to blame for world turmoil, says Russia’s Lavrov

The intrigues of Western countries whose dominance is ebbing away are largely responsible for pitching the world...

Published 28 Dec, 2023 11:27am

Commodities

Demand woes limit wheat’s gains; corn falls

SINGAPORE: Chicago wheat futures edged higher on Thursday, recouping some of the previous session’s losses, although...

Published 28 Dec, 2023 11:24am

Sports

Saudis ready to play long game to realise dream

LONDON: A seismic year for soccer in Saudi Arabia witnessed the turbo-charging of its domestic league with expensive...

Published 28 Dec, 2023 11:19am

Sports

Franchise is the future but Australia rule the here and now

NEW DELHI: Cricket got a glimpse into its future during a momentous 2023 but its present continues to be dominated...

Published 28 Dec, 2023 11:03am

Forex

Indian rupee propped by more dollar losses on dovish Fed outlook

MUMBAI: The Indian rupee is expected to open higher on Thursday following a further slide in the US dollar on bets...

Published 28 Dec, 2023 10:42am

Commodities

Palm retreats on weaker rival oils, ringgit gains

KUALA LUMPUR: Malaysian palm oil futures opened lower on Thursday after two consecutive sessions of gains, tracking...

Published 28 Dec, 2023 10:40am

Forex

China’s yuan firms as the dollar falls to lowest level in 5 months

SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session on...

Published 28 Dec, 2023 10:37am

Business & Finance

Toyota’s Daihatsu to compensate lower-tier suppliers for suspended production

TOKYO: Toyota Motor’s small-car unit Daihatsu Motor said on Thursday it would compensate lower-tier contractors in...

Published 28 Dec, 2023 10:36am

Europe

Finland will be first to suffer if Russia-NATO tensions escalate

Finland will be the first country to suffer in the event of an escalation of tensions between Russia and NATO due to...

Published 28 Dec, 2023 10:34am

Sports

Djokovic, Alcaraz say Nadal will reach top level after injury return

RIYADH: Novak Djokovic and Carlos Alcaraz expect Rafa Nadal to be at his competitive best at the Australian Open...

Published 28 Dec, 2023 10:30am

Energy

Asian refiners face diesel supply glut in 2024

SINGAPORE: Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust...

Published 28 Dec, 2023 10:28am

Mutual Funds

Indian bond yields’ dip capped by expected fresh debt sale

MUMBAI: Indian government bond yields dipped in the early session on Thursday, tracking the drop in US yields,...

Published 28 Dec, 2023 10:21am

Business & Finance

Thai Nov factory output dropped 4.71% y/y, more than forecast

BANGKOK: Thailand’s manufacturing production index in November dropped 4.71% from a year earlier, the industry...

Published 28 Dec, 2023 10:19am

Stocks

China stocks rebound on strong foreign inflows

SHANGHAI: China stocks rebounded on Thursday on strong foreign inflows, with overseas investors snapping up big-cap...

Published 28 Dec, 2023 10:16am

Forex

Asian currencies, stocks rise on US rate cut hopes

Most Asian emerging market stocks rose on Thursday, while the Taiwanese dollar and the South Korean won led modest...

Published 28 Dec, 2023 10:14am

Exporters likely to get DLTL worth Rs37.306bn

Caretaker Federal Minister for Commerce and Industries Dr Gohar Ejaz chairs a review meeting

Updated 28 Dec, 2023 10:13am

Stocks

Asia shares at five-month highs as rate bets pile up

SYDNEY: Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts...

Published 28 Dec, 2023 10:11am

Bullion Rate

Gold rises to more than 3-week high as US rate cut bets firm

Gold prices climbed on Thursday to highest in more than 3 weeks as the US dollar and bond yields hit multi-month...

Published 28 Dec, 2023 10:08am

Stocks

India’s Nifty set to open higher, tracking gains in broader Asia

BENGALURU: India’s benchmark index Nifty 50 will likely open higher on Thursday after hitting fresh record highs in...

Published 28 Dec, 2023 10:01am

Stocks

Australian shares trade near 20-month high, miners lead gains

Australian shares rose on Thursday to trade near a 20-month high scaled in the previous session, as expectations...

Published 28 Dec, 2023 09:58am

Stocks

Japan’s Nikkei eases amid yen strength after sharp gains

TOKYO: Japan’s Nikkei share average fell on Thursday as investors sold stocks after sharp gains in the previous...

Published 28 Dec, 2023 09:57am

Africa

At least 40 killed in Liberian fuel tanker blast, says official

MONROVIA: At least 40 people have died following the explosion of a gas tanker in north-central Liberia, the West...

Published 28 Dec, 2023 09:55am

Forex

Bruised dollar wobbles as traders eye US rate cuts next year

SINGAPORE: The dollar nursed steep losses on Thursday and was headed for a yearly decline after two years of strong...

Published 28 Dec, 2023 09:49am

Input goods’ import: SBP unveils procedure for availing EFS ITM facility

KARACHI: The State Bank of Pakistan (SBP) has announced the procedure for availing International Toll Manufacturing...

Updated 28 Dec, 2023 09:41am

Nov 23 FCA: CPPA tells Nepra why it seeks tariff hike

ISLAMABAD: The Central Power Purchasing Agency (CPPA) has attributed low utilisation of electricity in winter and...

Updated 28 Dec, 2023 09:40am

Europe

Macron asks Netanyahu for ‘lasting ceasefire’ in Gaza

PARIS: French President Emmanuel Macron demanded a “lasting ceasefire” in Gaza during a call with Israeli Prime...

Published 28 Dec, 2023 09:40am

Six major currencies: ECs implement new exchange rate mechanism

KARACHI: Following the directives of the State Bank of Pakistan (SBP), Exchange Companies Association of Pakistan...

Updated 28 Dec, 2023 09:40am

Sports

Man City battle back to beat Everton on return to Premier League

LONDON: Manchester City came from behind to beat Everton 3-1 on their return from the Club World Cup on Wednesday,...

Published 28 Dec, 2023 09:36am

Perspectives

The dynamics of debt restructuring in Sri Lanka

Sri Lanka suspended normal debt servicing of several categories of its external debts in April 2022, followed by...

Published 28 Dec, 2023 09:00am

‘Simultaneous’ probe of same taxpayer: IHC seeks explanation from FBR

ISLAMABAD: Islamabad High Court (IHC) has directed the Federal Board of Revenue (FBR) to explain that how different...

Updated 28 Dec, 2023 08:53am

Foreign investors: Jul-Nov profit repatriation soars 312pc to $532m YoY

KARACHI: Repatriation of profit and dividends by foreign investors posted a notable 312 percent growth during the...

Updated 28 Dec, 2023 08:53am

Pakistan

SC Practice and Procedure Act: detailed verdict issued

ISLAMABAD: The parliament on Wednesday attracted praise from the Supreme Court for the passage of the Practice and...

Updated 28 Dec, 2023 08:51am

Urea subsidy sharing: ECC may approve TSG for MoC today

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) is likely to approve Thursday (Dec 28) technical...

Updated 28 Dec, 2023 08:51am

Business & Finance

CDWP approves 4 projects worth Rs11.15bn

ISLAMABAD: The Central Development Working Part (CDWP) approved four development projects with a cost of Rs11.15...

Updated 28 Dec, 2023 08:50am

BR’s refresher: your morning briefing for the day

Important updates from December 27, 2023

Published 28 Dec, 2023 08:47am

BR Research

Tariff adjustments: More in store

With the quarterly tariff adjustment for 1QFY24 notified, consumers are all set to pay the highest per-unit price...

Published 28 Dec, 2023 08:00am

BR Research

Engro Powergen Qadirpur Limited

Engro Powergen Qadirpur Limited (PSX: EPQL) is an independent power producer with 217 megawatts (MW) combined cycle...

Published 28 Dec, 2023 07:55am

Energy

Oil prices down as investors watch Red Sea developments

NEW YORK: Oil prices slipped on Wednesday, eating into the previous day’s gains as investors monitored ...

Updated 28 Dec, 2023 07:00am

World

Erdogan says Netanyahu no different from Hitler

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

Updated 28 Dec, 2023 06:59am

World

Israel says war to last ‘many more months’

GAZA STRIP, Palestinian Territories: The Hamas-run Gaza Strip’s health ministry said Wednesday the death toll from...

Updated 28 Dec, 2023 06:58am

Africa

‘Alone’: Afghan women fault West for lack of support

PARIS: Afghan activist Rita Safi has harsh words for western governments she said have failed to deliver on promises...

Updated 28 Dec, 2023 06:57am

Opinion

EXIM Bank of Pakistan: a major milestone

The launch of the Export-Import (EXIM) Bank of Pakistan is a major milestone for the people of Pakistan and will...

Updated 28 Dec, 2023 05:15am

Opinion

Job of a journalist

It’s still hard to figure out which is worse. Pretty and/or entitled brats with fancy connections landing...

Updated 28 Dec, 2023 05:13am

Opinion

Why Raj is remembered?

My late mother used to talk about ‘Ungrez Ki Hukamat’ (Rule of the Colonists or Raj). Although she was an...