News Archives for Latest - 2024-01-01

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Archive - 2024-01-01

Opinion

Economy: rent-seeking through revolving doors

In Pakistan, the risk reward mechanism on investment is lopsided, and that is one of the reasons for the low...

Updated 03 Jan, 2024 02:58pm

World

Second Israeli minister calls for return of settlers to Gaza

JERUSALEM: An Israeli minister on Monday called for the return of Jewish settlers to Gaza and said Palestinians...

Updated 02 Jan, 2024 12:11am

Pakistan

LHC orders release of Barrister Latif Khosa's son

The court also orders police to quash the FIR against Khosa

Published 01 Jan, 2024 10:15pm

Europe

Putin says Russia will 'intensify' attacks on Ukraine

MOSCOW: President Vladimir Putin said on Monday that Moscow would intensify strikes on military targets in Ukraine,...

Updated 01 Jan, 2024 10:03pm

Companies

The Organic Meat Company exports heat-treated beef to China

Says it has become first company in South Asia to successfully send consignment of heat-treated frozen beef meat products to China

Updated 01 Jan, 2024 10:02pm

Pakistan

Elections 2024: ECP accepts 6,449 nomination papers for NA seats

The Election Commission of Pakistan (ECP) has accepted 6,449 nomination papers of the candidates willing to contest...

Updated 01 Jan, 2024 10:01pm

Pakistan

Supreme Court to hear PTI's contempt plea against ECP on Jan 3

A three-member bench led by Chief Justice Qazi Faiz Isa and comprising Justice Muhammad Ali Mazhar, and Justice Musarrat Hilali will hear case

Updated 01 Jan, 2024 10:01pm

Middle East

Israel to pull some troops from Gaza as war enters new phase

OCCUPIED JERUSALEM: Israel is withdrawing some forces from Gaza to shift to more targeted operations against Hamas,...

Updated 01 Jan, 2024 10:00pm

Pakistan

RAW is funding Baloch militants: PM Kakar

Premier lashes out at supporters of Baloch protesters who have been staging a sit-in in Islamabad against the purported enforced disappearances

Published 01 Jan, 2024 09:51pm

Cricket

South Africa’s Bedingham eyes ‘life after cricket’ in England

CAPE TOWN: Batsman David Bedingham, who made an impressive Test debut for South Africa against India last week, said...

Published 01 Jan, 2024 08:00pm

Markets

IMF updates schedule: Executive Board to discuss Pakistan on January 11

The International Monetary Fund (IMF) included Pakistan on its Executive Board agenda on January 11, 2024, according...

Updated 01 Jan, 2024 07:53pm

Stocks

PSX kicks off 2024 with a bang, KSE-100 index gains over 2,200 points

Index posts phenomenal gain of over 3.5% on opening day of the year

Updated 01 Jan, 2024 07:52pm

Markets

Pakistan’s headline inflation reading clocks in at 29.7% in December

Reading is marginally higher than official estimates that put CPI reading in range of 27.5-28.5%

Updated 01 Jan, 2024 07:51pm

Energy

Nigeria aims to raise oil, condensates output to 2.6mn bpd by 2026

ABUJA: Nigeria’s upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6...

Published 01 Jan, 2024 07:06pm

Travel

Travelling in 2024: 5 places worth considering

As we begin 2024 with a list full of resolutions, if travel is on top of that list, then its best to get a head...

Published 01 Jan, 2024 06:16pm

Pakistan

Pakistan dispatches 3rd consignment of humanitarian aid to Gaza

Aid consignment contains about 20 tons of essential items including surgical and medical supplies, dry food items, and gift bags for children as well as hygiene kits

Published 01 Jan, 2024 05:19pm

Forex

Indian rupee ends little changed, traders await fresh triggers

MUMBAI: The Indian rupee closed little changed following muted trading on Monday on a lack of fresh triggers at the...

Published 01 Jan, 2024 05:16pm

Stocks

Indian blue-chips stocks end with small gains on first day of 2024

BENGALURU: Indian blue-chip stocks ended with small gains on Monday as investors booked profits late in the session...

Published 01 Jan, 2024 05:10pm

Asia

China’s first domestically built cruise ship begins maiden voyage

SHANGHAI: China’s first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign...

Published 01 Jan, 2024 05:04pm

Business & Economy

Pakistan’s startup funding falls 77.2% in 2023

Total amount stood at $75.6mn against $332.4mn in 2022

Published 01 Jan, 2024 04:59pm

Middle East

UK warns willing to take ‘direct action’ over Red Sea attacks

LONDON: Defence Secretary Grant Shapps said Monday that Britain is “willing to take direct action” against...

Published 01 Jan, 2024 04:58pm

Cricket

Spinner Mufudza gets first Zimbabwe call-up at 33

HARARE: Uncapped Tapiwa Mufudza has been included in the Zimbabwe one-day international squad for three matches in...

Published 01 Jan, 2024 04:49pm

Pakistan

CJP Isa-led SC bench to take up lifetime disqualification case tomorrow

A seven-member Supreme Court (SC) bench will take up the issue of lifetime disqualification of lawmakers tomorrow...

Published 01 Jan, 2024 04:43pm

Europe

Ukraine says foiled ‘record’ number of drone attacks on New Year’s Eve

KYIV: Ukraine said Monday it had foiled a “record” number of Russian drones on the night of New Year’s Eve after a...

Published 01 Jan, 2024 04:40pm

Europe

Nearly 30,000 migrants crossed Channel to UK last year

LONDON: Nearly 30,000 migrants crossed the Channel to Britain from mainland Europe in small boats in 2023, an annual...

Published 01 Jan, 2024 04:37pm

Stocks

Tragedy at Agha Steel: two personnel lose lives at plant’s ECR

Company says it will commence operational production tentatively in 10 working days

Updated 01 Jan, 2024 04:17pm

Bullion Rate

Gold price per tola decreases Rs300 in Pakistan

Gold prices witnessed a decline in Pakistan on the first day of 2024 on Monday. The yellow metal was priced at...

Updated 01 Jan, 2024 04:17pm

Asia

Massive earthquake jolts Japan, residents rush to evacuate coast

TOKYO: A powerful earthquake struck central Japan on Monday, triggering warnings for residents to evacuate some...

Updated 01 Jan, 2024 03:37pm

Europe

Russia declares tsunami warnings in far eastern regions

Parts of Sakhalin island’s western coast and the mainland cities of Vladivostok and Nakhodka, which are situated...

Updated 01 Jan, 2024 03:08pm

Europe

Tens of thousands hold anti-Israeli protest in Istanbul

ISTANBUL: Tens of thousands marched in Istanbul Monday to protest “murderer” Israel’s war in Gaza and the killing of...

Published 01 Jan, 2024 02:19pm

Asia

More than 140 Rohingya arrive in Indonesia’s North Sumatra

JAKARTA: More than 140 Rohingya have arrived in Indonesia’s North Sumatra province over the weekend, state news...

Published 01 Jan, 2024 02:10pm

Sports

Swiatek keeps winning in United Cup as Poland reach quarter-finals

PERTH: Iga Swiatek overcame Spain’s Sara Sorribes Tormo 6-2 6-1 at the United Cup on Monday for a second singles win...

Published 01 Jan, 2024 02:01pm

South Asia

India’s Adani hires global team for Mumbai slum overhaul project

NEW DELHI: Indian billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a...

Published 01 Jan, 2024 01:59pm

Sukkur-Hyderabad Motorway project hits snags

ISLAMABAD: The National Highway Authority (NHA) terminated the concession agreement with M/s Techno-CMC (TECMC)...

Updated 01 Jan, 2024 01:04pm

Energy

Oman sets 2024 budget on average oil price of $60/bbl

DUBAI: Oman has set its 2024 budget on an average oil price of $60 per barrel and sees a budget deficit of 640...

Updated 01 Jan, 2024 01:03pm

SIFC wants to know if Aramco’s interest in refinery project persists

AC also directs Petroleum Division to assess investment interest of other parties also in the project

Updated 01 Jan, 2024 12:55pm

Business & Finance

Bank of Korea’s Rhee eyes warning signs of prolonged monetary tightening

SEOUL: Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a financially troubled...

Published 01 Jan, 2024 12:24pm

Performance of Shamshad better than Dar’s, says noted economist

ISLAMABAD: Dr Shamshad Akhtar’s performance as finance minister is “B negative” and her predecessor Ishaq Dar’s is...

Updated 01 Jan, 2024 12:22pm

ECP starts receiving appeals against acceptance, rejection of election nominations

ISLAMABAD: The Election Commission of Pakistan (ECP) on Sunday started receiving appeals against the acceptance or...

Updated 01 Jan, 2024 12:21pm

World

Heavy rains in Australia’s east bring more pain to storm-hit residents

SYDNEY: Heavy rains lashed parts of Australia’s east on Monday, triggering flash flooding, inundating roads and...

Published 01 Jan, 2024 12:21pm

Europe

Macron says 2024, marked by Olympics, will be year of French pride and hope

PARIS: President Emmanuel Macron vowed on Sunday that 2024 will be the year of French pride and hope, marked by the...

Published 01 Jan, 2024 12:15pm

South Asia

Nobel laureate Yunus faces jail in Bangladesh court ruling

DHAKA: Bangladeshi Nobel peace laureate Muhammad Yunus was facing six months in jail with a court set to rule on...

Published 01 Jan, 2024 12:09pm

Middle East

Israel pounds Gaza, Hamas fires rockets as Netanyahu indicates long war

CAIRO/GAZA/OCCUPIED JERUSALEM: Israeli jets intensified attacks on central Gaza on Sunday, residents and medics...

Published 01 Jan, 2024 11:42am

Stocks

‘Tale of two halves’, but a year to remember for Pakistan stocks

An absolute return of nearly 55%, a USD-based return of 24%, and new peaks was the story at the PSX
Performance made KSE-100 best performing market in second half of 2023

Published 01 Jan, 2024 11:40am

Business & Finance

Saudi sovereign wealth fund splashes cash in 2023

LONDON: Saudi Arabia’s Public Investment Fund accounted for about a quarter of the almost $124 billion spent by...

Published 01 Jan, 2024 11:07am

Sports

Kylian Mbappe’s future to dominate transfer window

PARIS: The future of Kylian Mbappe and his protracted courtship by Real Madrid is expected to be the key theme of...

Published 01 Jan, 2024 10:57am

Asia

Xi says willing to work with US for stable relationship

BEIJING: China’s President Xi Jinping said Monday he was willing to work with the United States to promote stable...

Published 01 Jan, 2024 10:55am

South Asia

Sri Lanka raises taxes ahead of foreign debt deal

COLOMBO: Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday...

Published 01 Jan, 2024 10:49am

USA

Thousands gather in Times Square for New Year ball drop

NEW YORK: After standing in New York City’s Times Square for more than a dozen hours, thousands of revelers cheered...

Published 01 Jan, 2024 10:44am

Sports

David Warner retires from one-dayers as well as Tests

SYDNEY: Australia opener David Warner said on Monday he had decided to call time on his one-day international and...

Updated 01 Jan, 2024 10:36am

Europe

Ukraine, Russia accuse each other of early New Year’s Day attacks

Ukraine’s shelling of the city of Donetsk in early New Year’s Day hours killed four people, a Russian-installed...

Published 01 Jan, 2024 10:34am

Real Estate

China’s new home prices up in Dec for 4th straight month

BEIJING: China’s new home prices rose for the fourth straight month in December, a private survey showed on Monday,...

Published 01 Jan, 2024 10:31am

Asia

North Korea’s Kim says armed conflict becoming reality because of US

SEOUL: North Korean leader Kim Jong Un told the country’s military commanders the most powerful means must be...

Published 01 Jan, 2024 10:29am

Mutual Funds

India bond yields to debut 2024 with marginal uptick

MUMBAI: Indian government bond yields are expected to start 2024 with an uptick as a higher-than-expected borrowing...

Published 01 Jan, 2024 10:26am

Forex

Indian rupee direction guided by Fed outlook, RBI at start of 2024

MUMBAI: The Indian rupee will open little changed on Monday, with the US Federal Reserve interest rate outlook and...

Published 01 Jan, 2024 09:51am

Sports

New mother Osaka makes winning return in Brisbane

BRISBANE: Four-time Grand Slam champion Naomi Osaka looked solid on her return to elite tennis after 15 months out...

Published 01 Jan, 2024 09:47am

Stocks

India’s Nifty 50, Sensex off to a flat start in 2024

BENGALURU: India’s benchmark indexes Nifty 50 and Sensex opened little changed on Monday, the first session of 2024,...

Published 01 Jan, 2024 09:42am

Europe

Zelenskiy speaks of war, Putin makes passing reference in contrasting New Year speeches

Ukraine President Volodymyr Zelenskiy honoured his people’s resilience in times of bloodshed in a long and lyrical...

Published 01 Jan, 2024 09:40am

Taxes

Jul-Dec tax collection: FBR surpasses target

The Federal Board of Revenue creates history by collecting Rs1,021 billion in December

Updated 01 Jan, 2024 09:39am

Suki Kinari hydel project: Delay in power evacuation to attract LDs, govt warned

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives (MoPD&SI) has warned the government...

Updated 01 Jan, 2024 09:38am

Sports

Kvitova to miss Australian Open after announcing pregnancy

Former Australian Open runner-up Petra Kvitova said on Monday she is expecting her first child with husband and...

Published 01 Jan, 2024 09:37am

Rs60m approved for KP Medical Transplantation Regulatory Authority

PESHAWAR: The caretaker provincial cabinet approved Rs60 million for Khyber Pakhtunkhwa Medical Transplantation...

Updated 01 Jan, 2024 09:26am

‘Implementation of ATIR’s orders’: President rejects appeal of LTO Islamabad

ISLAMABAD: President Arif Alvi has rejected the stance of Large Taxpayer Office (LTO) Islamabad and declared that...

Updated 01 Jan, 2024 09:21am

WWF, WPPF: SRB exceeds target

KARACHI: The Sindh Revenue Board (SRB), regarding the Sindh Workers Welfare Fund (SWWF) and Sindh Workers Profit...

Updated 01 Jan, 2024 09:16am

Idea of establishment of ‘industrial’ park on PSM land under CPEC hailed

KARACHI: Pasban Democratic Party (PDP) Chairman Altaf Shakoor here Sunday said that the best option is to revive the...

Updated 01 Jan, 2024 09:08am

US strikes kill 10 Houthis attacking ship in Red Sea

HODEIDA, (Yemen): The US military said Sunday its Navy helicopters fired at Iran-backed Houthi rebel boats off Yemen...

Updated 01 Jan, 2024 09:06am

BR’s refresher: your morning briefing for the day

Important updates from December 31, 2023

Published 01 Jan, 2024 09:05am

BR Research

Interview with Amir Iqbal, CEO - Sindh Engro Coal Mining Company

‘We need tailor-made local yet out-of-the-box financial solutions for Thar’ Amir was appointed as the Chief...

Published 01 Jan, 2024 07:18am

BR Research

Will oil fare better in 2024?

From Russia and Ukraine still engaged in war, to Israel’s onslaught in Gaza, from big shipping companies refusing to...

Published 01 Jan, 2024 07:21am

Business & Finance

HCSTSI expresses concern over non-implementation of CM’s orders

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Shaikhani stated that...

Updated 01 Jan, 2024 07:00am

Industry

New MG electric vehicles unveiled

PESHAWAR: President Sarhad Chamber of Commerce and Industry Fuad Ishaq unveiled new electric vehicles introduced by...

Updated 01 Jan, 2024 06:59am

Business & Finance

UBG will surely address key challenges facing business community: Tanveer

LAHORE: Patron-in-Chief United Business Group S M Tanveer has said that the United Business Group (UBG) has secured...

Updated 01 Jan, 2024 06:59am

Pakistan

Expert explains how aquaculture development can contribute to food security

PESHAWAR: The people of Pakistan require food security, jobs and other sources of income generation and best...

Updated 01 Jan, 2024 06:59am

Pakistan

PSCA Annual Performance-2023: 27.5m calls received; 2.5m cases generated

LAHORE: Punjab Safe Cities Authority has issued annual Performance statistics for 2023. The 15 Emergency Helpline...

Updated 01 Jan, 2024 06:58am

Pakistan

PHA opens Lahore’s first govt-owned bonsai garden

LAHORE: The Parks and Horticulture Authority (PHA) has opened Lahore’s first government-owned bonsai garden...

Updated 01 Jan, 2024 06:55am

Pakistan

Shaheed BB Women varsity, BoK sign MoU

PESHAWAR: Shaheed Benazir Bhutto Women University Peshawar and the Bank of Khyber (BoK) signed a Memorandum of...

Updated 01 Jan, 2024 06:55am

Sports

Junaid Khan named Under-19 bowling coach

LAHORE: Former left-arm pacer Junaid Khan has been named Pakistan U-19 bowling coach, following the unavailability ...

Updated 01 Jan, 2024 06:55am

Pakistan

Govt land retrieved by Ombudsman Punjab

LAHORE: A total of 1679 kanals of government land worth more than 10 billion 270 million was retrieved on the orders...

Updated 01 Jan, 2024 06:54am

Pakistan

COAS reaffirms armed forces’ resolve of serving motherland

ISLAMABAD: Chief of Army Staff General Asim Munir on Sunday reaffirmed Pakistan Armed Forces’ patriotic spirit of...

Updated 01 Jan, 2024 06:54am

Energy

Prices of petrol, HSD kept unchanged

ISLAMABAD: The interim government on Sunday kept the ex-depot prices of petrol and high speed diesel (HSD) unchanged...

Updated 01 Jan, 2024 06:54am

Pakistan

LGH principal says quality of services, facilities will improve

LAHORE: Post Graduate Medical Institute and Lahore General Hospital Principal Prof. Al-Fareed Zafar has said that in...

Updated 01 Jan, 2024 06:54am

Opinion

Strategic integration for value addition: The path to compete, win, and grow in textile exports

In the evolving Textile Value Chain (TVC) of Pakistan, the key to sustained exports lies in the traceability of the...

Updated 01 Jan, 2024 06:53am

Pakistan

Seminar on multidisciplinary approach to HIP organised

PESHAWAR: The Department of Obstetrics and Gynecology, Peshawar Medical College (PMC) in collaboration with the...

Updated 01 Jan, 2024 06:53am

Letters

Rejection of nomination papers hurts PTI’s prospects

The latest Election Commission of Pakistan (ECP) decision in relation to Pakistan Tehrik-e-Insaf (PTI) seems to have...

Updated 01 Jan, 2024 06:53am

Editorials

‘Stark disparities’ in learning

EDITORIAL: ADB (Asian Development Bank) has revealed nothing surprising by stating that “stark disparities” in...

Updated 01 Jan, 2024 06:53am

Editorials

State of the economy

EDITORIAL: The December Monthly Economic Update and Outlook, uploaded on the Finance Division website, indicates the...

Updated 01 Jan, 2024 06:53am

Opinion

Pakistan’s intractable budget deficit?

Pakistan’s unsustainable budget deficits can be sourced to the never to be satisfied thirst of all ...

Updated 01 Jan, 2024 06:52am

Cotton & Textile

Weekly Cotton Review: Prices likely to rise on depleting stocks

LAHORE: Previous week saw an increasing trend in the price of quality cotton. However, with every passing day the...

Updated 01 Jan, 2024 06:52am

Business & Finance

2023 extremely challenging year, says businessman

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Updated 01 Jan, 2024 06:52am

Pakistan

Karachi Metropolitan Museum will open its doors to visitors in March: mayor

KARACHI: Mayor Karachi Barrister Murtaza Wahab has announced to open the Karachi Metropolitan Museum to the citizens...

Updated 01 Jan, 2024 06:52am

Business & Finance

BMP underscores need for revisiting economic policies

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP) has stressed the...

Updated 01 Jan, 2024 06:51am

Commodities

Prices of food items remain high

PESHAWAR: Prices of essential food commodities, including vegetables, live chicken/meat, eggs, flour, sugar, food...

Updated 01 Jan, 2024 06:51am

Pakistan

Upcoming general elections: Rashid says will move courts to thwart ‘any’ disqualification move

ISLAMABAD: Awami Muslim League chief Sheikh Rashid on Sunday said that he would approach the Supreme Court and High...

Updated 01 Jan, 2024 06:51am

Pakistan

Three terrorists killed, soldier martyred at Afghan border

ISLAMABAD: Pakistan once again asked Afghan interim government to deny space to terrorists involved in terrorism in...

Updated 01 Jan, 2024 06:49am

Pakistan

Five terrorists killed in Awaran

ISLAMABAD: As many as five terrorists were killed in an intelligence based operation in general area Mashkai, Awaran...

Updated 01 Jan, 2024 06:49am

Pakistan

President for taking steps towards stopping genocide in Gaza

ISLAMABAD: President Dr Arif Alvi has urged the international community to take urgent steps for stopping genocide ...

Updated 01 Jan, 2024 06:48am

Pakistan

Lahore Zoo: CM reviews up-gradation work

LAHORE: Chief Minister Punjab Mohsin Naqvi paid a detailed visit to the Lahore Zoo. CM reviewed its upgradation work...

Updated 01 Jan, 2024 06:48am

Industry

Minister greets UBG for victory in FPCCI polls

ISLAMABAD: Caretaker Federal Minister for Commerce and Industries Dr Gohar Ejaz felicitated the United Business ...

Updated 01 Jan, 2024 06:44am

Energy

K-Electric loadshedding regime remains largely unchanged

KARACHI: K-Electric loadshedding schedules are reviewed and updated quarterly in line with loss profiles of areas....

Updated 01 Jan, 2024 06:44am

Pakistan

VC UAF spells out varsity’s performance during 2023

FAISALABAD: The University of Agriculture Faisalabad has produced 40 varieties of different crops, vegetables and...

Updated 01 Jan, 2024 06:43am

Rates

Impressive showing

KARACHI: The rupee extended gains for the seventh consecutive week as it appreciated Re0.67 or 0.23% against the US...

Updated 01 Jan, 2024 06:42am

Rates

Stocks witness bullish trend

KARACHI: Pakistan Stock Exchange witnessed bullish trend during the last trading week of the year ended on December...

Updated 01 Jan, 2024 06:42am

Rates

Futures spread up 410bps

KARACHI: The futures spread increased by 410bps to 14.94 percent on the last day of the outgoing week. Trading...

Updated 01 Jan, 2024 06:42am

World

Putin praises army in scaled-back New Year’s address

MOSCOW: President Vladimir Putin praised the Russian army in his New Year’s Eve address Sunday, arguing society ...