News Archives for Latest - 2023-12-29

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Archive - 2023-12-29

World

Red Cross denies involved in transfer of Palestinian bodies to Gaza

JERUSALEM: The Red Cross on Friday denied reports that it was involved in the transfer of dozens of Palestinian...

Published 29 Dec, 2023 11:10pm

World

Congress ‘must step up’ to help Ukraine after massive Russian strikes: Biden

WASHINGTON: US President Joe Biden on Friday demanded Congress “step up” and overcome divisions on sending aid to...

Published 29 Dec, 2023 10:58pm

South Asia

India’s economic growth sustainable, inflation falling: govt report

NEW DELHI: India’s economy will sustain growth momentum quarter on quarter after it beat expectations in...

Published 29 Dec, 2023 10:29pm

Europe

Poland says Russian missile passed through its airspace

WARSAW: A Russian missile passed through Polish airspace Friday, entering from and then back into Ukraine, the...

Published 29 Dec, 2023 10:12pm

Currency

Inter-bank market: rupee closes 2023 at 281.86 against US dollar

Currency appreciates 0.02% on Friday for its 13th successive gain
Closes calendar year with depreciation of 19.7%

Updated 29 Dec, 2023 10:10pm

Europe

Zelensky says has visited town under attack by Russian forces

KYIV: Ukrainian President Volodymyr Zelensky said Friday he had visited the town of Avdiivka in eastern Ukraine,...

Published 29 Dec, 2023 10:03pm

Europe

UK minister says sending air-defence missiles to Ukraine

LONDON: UK Defence Minister Grant Shapps on Friday said Britain would send around 200 air-defence missiles to...

Published 29 Dec, 2023 09:55pm

Business & Economy

Pakistan’s inflation projected to ease to 20-22% for FY24: SBP report

In Governor’s Annual Report 2022-23, SBP chief says central bank will keep inflation expectations anchored to achieve its medium term target of 5-7%

Updated 29 Dec, 2023 08:19pm

Energy

Global LNG: Asia spot LNG price remains at 4-month low, falls 58% in 2023

LONDON: Asian spot liquefied natural gas (LNG) prices remained at their lowest level in over four months this week...

Published 29 Dec, 2023 07:48pm

Stocks

Wall St eyes muted open on last day of cheery 2023, rate cuts in view

U.S. stocks were set to open subdued on the final day of an upbeat year which has seen the benchmark S&P 500...

Published 29 Dec, 2023 07:44pm

Money & Banking

Nigeria’s FX reserves dip to six-year low as naira falls

ABUJA: Nigeria’s foreign exchange reserves dipped to a six-year low of $32.87 billion at the end of December, data...

Published 29 Dec, 2023 07:40pm

Pakistan

Fake news being used to portray state in decline: COAS

Chief of Army Staff (COAS) General Syed Asim Munir said on Friday that fake news was being used to promote the...

Published 29 Dec, 2023 07:17pm

Money & Banking

India’s forex reserves hit over 21-month high

BENGALURU: India’s foreign exchange reserves increased for a sixth consecutive week, reaching an over 21-month high...

Published 29 Dec, 2023 07:17pm

Stocks

Stocks end remarkable 2023 on a high: KSE-100 settles at 62,451 after 0.64% gain

Benchmark index increases 399 points on Friday

Updated 29 Dec, 2023 07:09pm

Middle East

Israel bombs south Gaza as Hamas officials due in Cairo for truce talks

GAZA STRIP: Israel pounded south and central Gaza on Friday as Egypt was to host a high-level Hamas delegation for...

Published 29 Dec, 2023 07:05pm

Europe

Russian strikes kill 18, leave dozens wounded across Ukraine

KYIV: Russia launched drone and missile strikes across Ukraine Friday, killing at least 18 people and wounding over...

Published 29 Dec, 2023 06:46pm

Bullion Rate

Gold price per tola falls Rs1,900 in Pakistan

Gold snapped its winning streak in Pakistan as the yellow metal witnessed a fall in the local market on Friday in...

Updated 29 Dec, 2023 06:38pm

Energy

Gas crisis continues: SSGC suspends supply to industries, CNG stations in Sindh

Pakistan’s gas crisis continued to worsen as Sui Southern Gas Company Limited (SSGC) on Friday announced supply...

Updated 29 Dec, 2023 06:37pm

Commodities

Copper dips, but heads for yearly rise on healthy Chinese demand

LONDON: Copper prices dipped on Friday, pressured by a firmer dollar, but were on track to achieve a modest gain...

Published 29 Dec, 2023 06:24pm

South Asia

Japan protests reported South Korean drill at disputed islets

TOKYO: Japan lodged a stern protest with the South Korean embassy in Tokyo and South Korea’s foreign ministry over a...

Published 29 Dec, 2023 06:18pm

Pakistan

IHC allows PTI leaders, lawyers to hold election meetings with Imran Khan in jail

The Islamabad High Court (IHC) on Friday allowed Pakistan Tehreek-e-Insaf (PTI) leaders and lawyers to visit former...

Updated 29 Dec, 2023 06:15pm

Stocks

UAE markets gain on rate cut bets

UAE stock markets closed higher on the last trading day of 2023, with the Dubai index rising for a third year on...

Published 29 Dec, 2023 06:12pm

Energy

Oil prices set to end year 10% lower as demand concerns snap winning streak

LONDON: Oil prices are set to end 2023 about 10% lower after two years of gains as geopolitical concerns, production...

Updated 29 Dec, 2023 05:03pm

Money & Banking

India’s April-Nov fiscal deficit at 9.07trln rupees

NEW DELHI: India’s fiscal deficit for the first eight months of the financial year that started April 1 was 9.07...

Published 29 Dec, 2023 04:51pm

Life & Style

China’s new thirst for coffee spurs cut-throat cafe competition

SHANGHAI: Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign...

Published 29 Dec, 2023 04:49pm

Stocks

Indian shares end record-breaking 2023 with a whimper

BENGALURU: India’s benchmark indexes ended 2023 on a sour note on Friday, snapping a five-session rally due to a...

Published 29 Dec, 2023 04:41pm

Stocks

Sri Lanka shares end higher as financials lead

CSE All Share index settled up 0.26% at 10,654.16

Published 29 Dec, 2023 04:36pm

Commodities

Palm oil posts second consecutive annual loss

KUALA LUMPUR: Malaysian palm oil futures staged a rebound and settled higher on Friday, although the benchmark...

Published 29 Dec, 2023 04:33pm

Movies & Music

‘Rude and inappropriate’: Sophie Marceau remembers Depardieu

PARIS: Sophie Marceau, one of France’s best-loved actors, said in an interview published Thursday that film icon...

Published 29 Dec, 2023 03:42pm

Middle East

Israeli tanks, missiles attack Gaza as Palestinian death toll keeps rising

CAIRO/GAZA: Israeli forces attacked areas of the central and southern Gaza Strip where residents have been expecting...

Updated 29 Dec, 2023 03:32pm

Imported coal-based projects: ECC okays settlement of issues with PQEPCL

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the principles for settlement of...

Updated 29 Dec, 2023 03:31pm

Sports

Pakistan coach Mohammad Hafeez slams technology after Australia defeat

Pakistan coach Mohammad Hafeez said technology was “putting a curse” on cricket after seeing Mohammad Rizwan...

Published 29 Dec, 2023 03:10pm

Sports

Burger emerges as latest South African quick bowling sensation

PRETORIA: Nandre Burger added his name to the conveyor belt of prolific South African quick bowling talent as he...

Published 29 Dec, 2023 02:47pm

Taxes

FD Outlook misreports FBR collection data

ISLAMABAD: December Monthly Economic Update and Outlook, Finance Division publication, misreported the Federal Board...

Updated 29 Dec, 2023 02:25pm

First half of Jan’24: Petroleum products’ prices may be sustained

Decision may be taken in line with marginal increase in prices of Brent globally

Updated 29 Dec, 2023 02:24pm

Stocks

European stocks open up on final trading day of year

LONDON: Europe’s main stock markets rose at the open Friday, the final trading day of the year. London’s benchmark...

Published 29 Dec, 2023 02:01pm

Europe

Zelensky says Russia fired 110 missiles at Ukraine

KYIV: President Volodymyr Zelensky said Friday that Russia launched around a hundred missiles over Ukraine in the...

Published 29 Dec, 2023 01:59pm

Movies & Music

Legal battles loom as first Mickey Mouse copyright ends

LOS ANGELES: Almost a century after his big-screen debut, Mickey Mouse enters the public domain Monday, opening the...

Published 29 Dec, 2023 01:49pm

Solar panel imports: PCA South uncovers another money laundering offence

KARACHI: The Directorate of Post Clearance Audit (PCA) South has uncovered another trade-based money laundering...

Updated 29 Dec, 2023 01:47pm

Sports

Cummins takes 10 to lead Australia to Pakistan series triumph

MELBOURNE: Australia captain Pat Cummins took 10 wickets in a masterclass of clutch bowling to end stout Pakistan...

Updated 29 Dec, 2023 12:41pm

Sports

India call up Avesh for second Test against South Africa

India reinforced their bowling attack by bringing in fast bowler Avesh Khan in place of Mohammed Shami for the...

Published 29 Dec, 2023 12:34pm

Financial

Turkiye central bank targets 50% lira deposits in banks in 2024

ISTANBUL: Turkiye central bank said on Friday it aims to increase the share of Turkish lira deposits to 50% in the...

Published 29 Dec, 2023 12:29pm

Stocks

Tokyo’s Nikkei index soars 28.2% in 2023

TOKYO: Tokyo’s benchmark Nikkei 225 index gained 28.2 percent in 2023, its best yearly performance in a decade. The...

Updated 29 Dec, 2023 12:26pm

Europe

G7 leaders to discuss legal theory on seizing Russian assets

CHRISTIANSTED: G7 leaders will discuss a new legal theory that would enable the seizure of $300 billion in frozen...

Published 29 Dec, 2023 12:07pm

Mutual Funds

JGB yields tick up in subdued end to most volatile year since 2008

TOKYO: Japanese government bond yields ticked higher on Friday in a subdued end to the most volatile year since the...

Published 29 Dec, 2023 11:59am

USA

US warship shoots down drone, missile fired by Yemen’s Houthis

WASHINGTON: An American warship shot down a drone and an anti-ship ballistic missile fired Thursday by Yemen’s...

Published 29 Dec, 2023 11:53am

Sports

Bangladesh win toss, bowl in second T20 with New Zealand

MOUNT MAUNGANUI: Bangladesh won the toss and again put hosts New Zealand in to bat in the second game of their...

Published 29 Dec, 2023 11:45am

Commodities

Corn faces biggest annual loss in a decade; wheat, soybeans down

SINGAPORE: Chicago corn was on track for its biggest annual drop in a decade on Friday, while wheat lost a fifth of...

Published 29 Dec, 2023 11:34am

Technology

UAE’s e& ends talks to hike stake in Saudi telco Mobily

DUBAI: The United Arab Emirates telecoms group e& said on Friday it had ended talks to raise its stake in Saudi...

Published 29 Dec, 2023 11:29am

Commodities

Copper heads for yearly gain on firm Chinese demand, low stocks

BEIJING: Copper prices, often seen as an economic indicator, were set for a yearly gain thanks to low global stocks...

Published 29 Dec, 2023 11:25am

Business & Finance

Chinese airlines resume operating Boeing 737 MAX planes: Boeing

BEIJING: All civil airlines in China have resumed operating their 737 MAX planes, according to a social media post...

Published 29 Dec, 2023 11:23am

Sports

Haris Rauf should be in Pakistan Test side, says ex-captain Shahid Afridi

Former Pakistan captain Shahid Afridi said fast bowler Haris Rauf should be playing in the three-Test series against...

Updated 29 Dec, 2023 11:21am

South Asia

Bangladesh’s ‘tiny houses’ tackle giant flood challenge

CHAR SHILDAHA: An award-winning architect in Bangladesh, one of the nations most at risk from flooding driven by...

Published 29 Dec, 2023 10:46am

South Asia

Nepal blames pilot error for January crash that killed 72

KATHMANDU: Pilot error caused the January plane crash in Nepal that killed all 72 on board, an official said Friday,...

Published 29 Dec, 2023 10:36am

Business & Finance

Vietnam 2023 economic growth slows to 5.05%, missing government target

HANOI: Vietnam’s economic growth slowed to 5.05% this year from an expansion of 8.02% last year, official data...

Published 29 Dec, 2023 10:31am

Asia

Fog, haze in China as New Year travellers brace for potential disruptions

BEIJING: Year-end holidaymakers across China were bracing for possible transport disruptions after the weather...

Published 29 Dec, 2023 10:29am

Commodities

Iron ore set for yearly gain amid strong stimulus expectations

SINGAPORE: Dalian iron ore futures snapped a two-day losing streak on Friday, the last trading day of the year,...

Published 29 Dec, 2023 10:25am

Commodities

Palm down on weaker rival oils; set to post annual loss

KUALA LUMPUR: Malaysian palm oil futures fell on Friday because of weakness in rival edible oils and gains in the...

Published 29 Dec, 2023 10:23am

Forex

China’s yuan leaps to seven-month high, but set for second yearly drop

SHANGHAI: China’s yuan leapt to a seven-month high against the dollar on the last trading day of the year on Friday,...

Published 29 Dec, 2023 10:17am

Bullion Rate

Gold set for best year in three on hopes for Fed rate cuts

Gold prices were set on Friday for their best year in three, as expectations grew for US interest rate cuts early...

Published 29 Dec, 2023 10:15am

Mutual Funds

Bond yields down on last 2023 trading day as levels turn attractive

MUMBAI: Indian government bond yields trended lower as traders bade farewell to 2023 with some buying after a recent...

Published 29 Dec, 2023 10:13am

Forex

Indian rupee to follow Asian FX higher, RBI key factor in 2024

MUMBAI: The Indian rupee is expected to open marginally higher on Friday, tracking an uptick in Asian peers on bets...

Published 29 Dec, 2023 10:11am

Stocks

Asian shares set to snap two-year losing streak on rate cut wagers

SINGAPORE: Asian stocks took a breather on the last trading day of the year and are set to snap their two-year...

Published 29 Dec, 2023 10:08am

Stocks

India’s Nifty set to scale new highs in final session of 2023

BENGALURU: India’s Nifty 50 is set to open at a record high on Friday, the last session of 2023, supported by robust...

Published 29 Dec, 2023 10:04am

Stocks

Commodity stocks drag Australian shares lower on final trading day of 2023

Australian shares retreated on the last trading day of the year on Friday, with commodity stocks leading the fall in...

Published 29 Dec, 2023 10:01am

Forex

Dollar snaps two-year winning streak on 2024 rate cut bets

SINGAPORE: The dollar looked set on Friday to end 2023 with a loss, reversing two straight years of gains, dragged...

Published 29 Dec, 2023 09:58am

Sports

Australian Open prizemoney hits record high

MELBOURNE: Players at January’s Australian Open will be competing for a record prize pool with organisers Friday...

Published 29 Dec, 2023 09:52am

Sports

Mourinho’s ‘smashing lads’ have Juventus in their sights

ROME: Jose Mourinho will hope his “bunch of smashing lads” from AS Roma build on their impressive 2-0 win over...

Published 29 Dec, 2023 09:48am

Stocks

Hong Kong stocks flat at the open

HONG KONG: Hong Kong stocks opened flat on Friday, with global markets continuing a year-end rally boosted by...

Published 29 Dec, 2023 09:45am

Sports

World number one Djokovic taking it ‘season by season’

PERTH: World number one Novak Djokovic is hoping his latest trip to Australia is not the last, but admits that at 36...

Published 29 Dec, 2023 09:42am

Technology

China’s Huawei says expects revenue up almost nine percent in 2023

BEIJING: Chinese tech giant Huawei said Friday it “weathered the storm” of US sanctions as it announced a rise of...

Published 29 Dec, 2023 09:40am

Europe

Russian strikes hit Ukrainian cities Kharkiv and Lviv: mayors

KYIV: Russian strikes Friday morning hit the northeastern Ukrainian city of Kharkiv as well as Lviv in the country’s...

Published 29 Dec, 2023 09:37am

BR Research

Rice exports: irrational exuberance?

Pakistan’s rice exports seem to be coming into their own. According to the monthly external trade statistics...

Published 29 Dec, 2023 09:34am

BR Research

Gul Ahmed Textile Mills

Gul Ahmed group has been operating as a textile trader since 1900s. However, the group commenced its manufacturing...

Published 29 Dec, 2023 09:27am

Pakistan

Anti-polio drive: PM seeks Ulema’s help

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has appealed to the Ulema to come forward and play their...

Updated 29 Dec, 2023 09:01am

Pakistan

Army commits to offering support for elections

ISLAMABAD: Pakistan Army during two days’ long Corps Commanders’ Conference committed to offering the requisite and...

Updated 29 Dec, 2023 09:00am

Pakistan

ECP accepts Nawaz’s nomination papers

ISLAMABAD: The Election Commission of Pakistan (ECP) on Thursday accepted former Prime Minister Nawaz Sharif’s...

Updated 29 Dec, 2023 08:58am

Dozens arrested in pro-Palestinian protests at two major US airports

WASHINGTON: Pro-Palestinian protesters blocked morning traffic on Wednesday around Los Angeles International Airport...

Updated 29 Dec, 2023 08:51am

BR’s refresher: your morning briefing for the day

Important updates from December 28, 2023

Published 29 Dec, 2023 08:48am

Pakistan

ECP directs Punjab govt to ensure a level playing field

ISLAMABAD: The Election Commission of Pakistan (ECP) has directed the Punjab government to ensure a level playing...

Updated 29 Dec, 2023 08:40am

Sindh: Bilawal says nomination papers not being snatched

SUKKUR: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto strongly opposed the act of snatching the nomination...

Updated 29 Dec, 2023 08:31am

WAPDA employees: PHC suspends notification to end free electricity

PESHAWAR: The Peshawar High Court (PHC) on Thursday suspended the decision of the caretaker government to end the...

Updated 29 Dec, 2023 08:14am

Opinion

A people’s economic manifesto

As the general elections approach in around one-and-a-half month, focus is just starting to shift to bringing...