News Archives for Latest - 2024-01-02

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Archive - 2024-01-02

Arts

Javed Akhtar, Mahira Khan to headline Urdu literary festival in Dubai

Two-day 'Jashn-e-Rekhta' will take place in Zabeel Park from January 27

Updated 03 Jan, 2024 04:01pm

Middle East

Israeli drone kills senior Hamas official in Beirut: Security sources

BEIRUT: Senior Hamas official Saleh al-Arouri was killed on Tuesday night in an Israeli drone strike on Beirut's...

Updated 03 Jan, 2024 12:02am

Pakistan

Former finance minister Sartaj Aziz passes away

Aziz was awarded the Tamgha-e-Pakistan for his services to the nation

Published 02 Jan, 2024 10:46pm

Pakistan

PAF inducts new batch of J-10C fighter jets

Pakistan Air Force (PAF) on Tuesday inducted a new batch of J-10C fighter jets in its fleet to bolster the country’s...

Published 02 Jan, 2024 10:48pm

Europe

New strikes show Putin wants to 'annihilate' Ukraine: Germany

BERLIN: German Foreign Minister Annalena Baerbock said Tuesday that Moscow aimed to "annihilate" Ukraine after...

Published 02 Jan, 2024 10:36pm

Pakistan

Four terrorists killed in North Waziristan IBO: ISPR

The military's media wing says a sanitization operation is being carried out to eliminate any other terrorists found in the area

Published 02 Jan, 2024 09:21pm

Middle East

Hamas chief says ‘open’ to one Palestinian govt for Gaza and West Bank

GAZA STRIP: Hamas chief Ismail Haniyeh said Tuesday he is open to a single Palestinian administration to govern...

Published 02 Jan, 2024 09:11pm

Business & Economy

Pakistan’s trade deficit shrinks over 34% to $11.15bn in 6MFY24

Stood at $16.97bn in same period of the previous year

Updated 02 Jan, 2024 09:03pm

Pakistan

FM Jilani says US-Pakistan relationship gaining momentum

During a meeting with US Ambassador Donald Blome, foreign minister highlights both sides should build on recent discussions

Updated 02 Jan, 2024 09:02pm

Forex

Rupee ends appreciation run, settles at 281.89 against US dollar

Currency depreciates 0.01% on Tuesday

Updated 02 Jan, 2024 09:01pm

Pakistan

SC intends to fast-track lifetime disqualification case to prevent ‘confusion’ for ROs: CJP

The hearing adjourned till Thursday, January 4

Updated 02 Jan, 2024 08:56pm

South Asia

ADB signs $160mn loan agreement with Bangladesh to upgrade power network

The Asian Development Bank (ADB) said on Tuesday it had signed a $160 million loan agreement with Bangladesh to help...

Published 02 Jan, 2024 08:39pm

Middle East

Saudi Arabia officially joins BRICS bloc

DUBAI: Saudi state TV said on Tuesday that the kingdom had officially joined the BRICS bloc of countries. Saudi...

Published 02 Jan, 2024 08:36pm

Europe

Ukraine says downed all Russian Kinzhal missiles with Patriots

KYIV: Ukraine said that US-supplied Patriot surface-to-air missile systems downed all 10 Kinzhal ballistic missiles...

Published 02 Jan, 2024 08:07pm

Stocks

US stocks slip to start the new year

NEW YORK: US stocks fell on the first day of trading in 2024, as investors pulled back and cashed their profits...

Published 02 Jan, 2024 08:00pm

Energy

POL sales down 7% YoY amid higher prices, economic slowdown

Sale of total petroleum products in Pakistan clocked in at 1.24 million tons in December, a decline of 7%...

Updated 02 Jan, 2024 07:09pm

Cricket

Sharma expects ‘challenging’ Newlands as India look to level series

CAPE TOWN: India’s young batsmen will simply have to find a way to cope with South Africa’s “challenging”...

Published 02 Jan, 2024 07:06pm

Stocks

Most Gulf markets rise on US rate cut bets; Qatar retreats

Most stock markets in the Gulf ended higher on Tuesday on bets that the U.S. Federal Reserve will start to cut...

Published 02 Jan, 2024 06:17pm

Asia

At least 48 dead after monster Japan quake

WAJIMA: Japanese rescuers battled the clock and powerful aftershocks Tuesday to find survivors of a New Year’s Day...

Published 02 Jan, 2024 05:59pm

Sports

Former US Open champion Cilic loses on comeback from knee surgery

HONG KONG: A rusty former US Open champion Marin Cilic on Tuesday squandered nine match points on his return to...

Published 02 Jan, 2024 05:50pm

Sports

Injury worries for Djokovic, Tsitsipas as Serbia squeeze into quarters

PERTH: Novak Djokovic insisted Tuesday a sore right wrist which required on-court treatment was “not a major...

Published 02 Jan, 2024 05:46pm

Bullion Rate

Gold price per tola increases Rs1,600 in Pakistan

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

Updated 02 Jan, 2024 05:35pm

Stocks

Volatile session at PSX ends in red, KSE-100 loses over 0.48%

A day after witnessing the second-highest gain in terms of points, bearish sentiment returned to the Pakistan Stock...

Published 02 Jan, 2024 05:32pm

Asia

China saw hottest recorded year in 2023

SHANGHAI: China’s average temperature in 2023 was its hottest since records began, state media said citing officials...

Published 02 Jan, 2024 05:31pm

Stocks

Stock markets mixed at start of new trading year

LONDON: Europe’s main stock markets mostly rose after Asian indices finished lower and the dollar rose Tuesday, the...

Updated 02 Jan, 2024 05:28pm

Europe

UK’s Blair denies link to role in ‘resettlement’ of Gazans

LONDON: Britain’s former prime minister Tony Blair has strongly denied an Israeli media report linking him to talks...

Published 02 Jan, 2024 05:25pm

Middle East

Fighting between Hamas and Israel rages on, Palestinian death toll passes 22,000

JERUSALEM/CAIRO/GAZA: Israel said on Tuesday its troops had killed dozens of fighters in the north of the Gaza Strip...

Updated 02 Jan, 2024 05:24pm

Football

Rooney hit hard by ‘setback’ after Birmingham City sacking

LONDON: Wayne Rooney said it would “take some time to get over this setback” after he was sacked as manager of...

Published 02 Jan, 2024 05:20pm

Perspectives

Auto sector in 2023: advent of EVs and hybrids in Pakistan

The year 2023 signaled a downward spiral for the auto sector. For about half the year, there were restrictions from...

Published 02 Jan, 2024 05:09pm

Commodities

Copper under pressure from climbing dollar

Copper prices slipped on Monday due to a higher dollar, while losses were capped by improving factory activity data...

Published 02 Jan, 2024 05:07pm

Stocks

Sri Lanka shares end higher boosted by consumer staples

CSE All Share index settled up 0.28% at 10,684.28

Published 02 Jan, 2024 05:04pm

Energy

Oil prices jump on disruption fears after latest Red Sea attack

LONDON: Oil prices rose more than 2% in the first session of the New Year, boosted by potential disruption to Middle...

Updated 02 Jan, 2024 05:02pm

Sports

Nadal roars to victory over Thiem in Brisbane singles comeback

BRISBANE: Rafa Nadal marked his singles comeback after being out injured for nearly a year with a convincing 7-5 6-1...

Published 02 Jan, 2024 04:53pm

Stocks

Indian shares fall on selling pressure at near record high levels

BENGALURU: India’s benchmark indexes fell on Tuesday, dragged by financials, auto and information technology stocks,...

Published 02 Jan, 2024 04:24pm

Commodities

Palm touches over 2-week low on lacklustre exports and demand

SINGAPORE: Malaysian palm oil futures declined on Tuesday to a more than two-week low, weighed down by lacklustre...

Published 02 Jan, 2024 04:21pm

Pakistan

‘Bat’ symbol case: PHC reserves verdict on ECP plea

The Peshawar High Court (PHC) reserved on Tuesday its verdict on an appeal filed by the Election Commission of...

Updated 02 Jan, 2024 03:39pm

Middle East

Israel’s aircraft, tanks step up strikes as it plans to reduce troops

OCCUPIED JERUSALEM/CAIRO/GAZA: Israeli aircraft and tanks stepped up strikes in southern Gaza overnight, residents...

Updated 02 Jan, 2024 03:30pm

Sports

Azarenka wins but Kenin bundled out in Brisbane

BRISBANE: Former world number one Victoria Azarenka moved into the third round of the Brisbane International...

Published 02 Jan, 2024 03:30pm

Middle East

Syria says Israeli attack on Damascus outskirts caused material damage

DUBAI: A Syrian military statement said an Israeli air strike early on Tuesday that came from the direction of the...

Published 02 Jan, 2024 03:18pm

Asia

All passengers, crew on JAL plane escape blaze at Tokyo airport

TOKYO: A Japan Airlines jet was engulfed in flames at Tokyo’s Haneda airport on Tuesday after a possible collision...

Published 02 Jan, 2024 03:13pm

Europe

Ukraine’s Zelenskiy says four killed, 92 injured in Russian air attack

KYIV: President Volodymyr Zelenskiy said on Tuesday that four people had been killed and at least 92 injured in a...

Published 02 Jan, 2024 02:42pm

Life & Style

Peter Magubane, South African photographer who documented apartheid, dies aged 91

JOHANNESBURG: Peter Magubane, the renowned artist-photographer who shed light on the everyday struggles of Black...

Published 02 Jan, 2024 02:16pm

Stocks

UK’s FTSE 100 rises on commodity boost; economic data in focus

The UK’s FTSE 100 started the year on a positive note, underpinned by energy shares on Tuesday, while investors...

Published 02 Jan, 2024 01:58pm

Middle East

Major Gulf markets ease in early trade; Saudi index gains

Major stock markets in the Gulf fell in early trade on Tuesday in the absence of fresh catalysts, although the Saudi...

Published 02 Jan, 2024 01:56pm

Travel

China sees robust travel, tourism demand during New Year’s Day holiday

BEIJING: Travel in China flourished over the three-day New Year’s holiday, with 135 million domestic tourist trips,...

Published 02 Jan, 2024 01:47pm

Forex

Ugandan shilling stable, commodity dollar inflows lend support

KAMPALA: The Ugandan shilling traded stable on Tuesday, with some inflows from exporters of coffee and tea providing...

Published 02 Jan, 2024 01:39pm

Forex

Kenyan shilling eases in slow trade

NAIROBI: Kenya’s shilling weakened on Tuesday, although traders said activity was slow due to a lull during the...

Published 02 Jan, 2024 01:37pm

Business & Finance

Vietnam central bank sets 2024 credit growth cap for banking system at 15%

HANOI: Vietnam’s central bank has set a credit growth cap of 15% for the local banking system for this year, it said...

Published 02 Jan, 2024 01:36pm

World

AstraZeneca, Sanofi RSV infant shots approved in China

AstraZeneca said on Tuesday that its respiratory syncytial virus (RSV) immunization for infants developed with...

Published 02 Jan, 2024 01:34pm

Forex

South African rand kicks off 2024 on a weaker note

The South African rand was slightly weaker early on Tuesday, the first trading day of 2024, as the US dollar crept...

Published 02 Jan, 2024 01:33pm

Technology

India’s Vodafone Idea says not in tie-up talks with Musk’s Starlink

BENGALURU: Vodafone Idea is not in talks to tie-up with billionaire Elon Musk’s satellite internet unit Starlink,...

Published 02 Jan, 2024 01:31pm

Sports

Trott to continue as Afghanistan head coach for 2024

KABUL: Former England batter Jonathan Trott has signed a contract extension as Afghanistan head coach following...

Published 02 Jan, 2024 12:32pm

Europe

Maersk continues to schedule Suez journeys despite Houthi attack

OSLO: Denmark’s Maersk still plans to sail more than 30 container vessels through the Suez Canal and the Red Sea in...

Published 02 Jan, 2024 12:28pm

Commodities

Iran’s SLAL tenders for 200,000 T soymeal

HAMBURG: Iranian state-owned animal feed importer SLAL has issued an international tender to purchase up to 200,000...

Published 02 Jan, 2024 12:27pm

Technology

Baidu scraps $3.6bn deal for JOYY’s China live-streaming unit

HONG KONG: Baidu has terminated its planned $3.6 billion acquisition of Nasdaq-listed JOYY Inc’s live-streaming...

Published 02 Jan, 2024 12:22pm

Technology

Hackers hit Australian state’s court recording database

SYDNEY: Hackers accessed the court recordings database in Australia’s Victoria state and disrupted the audio-visual...

Published 02 Jan, 2024 12:20pm

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks rose at the open Tuesday as investors returned for a new year hoping for a better run...

Published 02 Jan, 2024 12:08pm

Sports

Elgar bids to bow out on winning note and seal series win

CAPE TOWN: Dean Elgar will bid to bring the curtain down on his Test career by skippering South Africa to victory in...

Published 02 Jan, 2024 12:05pm

Sports

Tsitsipas struggles with back issue as Chile stun Greece at United Cup

SYDNEY: Australian Open contender Stefanos Tsitsipas struggled with a lower back problem Tuesday, pulling out of his...

Published 02 Jan, 2024 12:00pm

South Asia

Bangladesh’s Shakib bats for ruling party in elections

MAGURA: Turning his star sports power to politics, colourful Bangladeshi cricketer Shakib Al Hasan is all but...

Published 02 Jan, 2024 11:57am

Sports

Australia out for Pakistan sweep in Warner Week

SYDNEY: Australia will go for the tried and tested as they look to sweep Pakistan in their three-match series and...

Published 02 Jan, 2024 11:50am

Energy

China issues 2024 crude import quotas, 60% more than year earlier

SINGAPORE: China has released 179.01 million metric tons of crude import quotas for 2024, according to Chinese...

Published 02 Jan, 2024 11:43am

Commodities

Copper edges higher on China data, stimulus hope

Copper prices in London edged up on Tuesday, helped by a better manufacturing data from China and hope for stimulus...

Published 02 Jan, 2024 11:41am

Forex

Most Asian currencies, stocks start 2024 on the back foot, key economic data in focus

Most Asian currencies and stocks started the year on the back foot, with the South Korean won retreating the most,...

Published 02 Jan, 2024 11:41am

BR Research

Inflation: Throwing gas on fire

Inflation is not coming down. The headline number stood at 29.7 percent in December 2023 – slightly higher than...

Updated 02 Jan, 2024 11:39am

South Asia

Gunmen open fire on villagers in India’s Manipur, 3 killed

GUWAHATI: At least three people were killed and five seriously injured when gunmen in camouflage fatigues opened...

Published 02 Jan, 2024 11:38am

Asia

Japan quake toll hits 30 as rescuers race to find survivors

NANAO: At least 30 people were killed after a powerful earthquake hit Japan on New Year’s Day, with rescue teams on...

Updated 02 Jan, 2024 11:31am

Sports

Steve Waugh slams South Africa for prioritising domestic T20 tournament over NZ Tests

SYDNEY: Former Australia captain Steve Waugh said South Africa’s decision to send a shadow side to New Zealand for a...

Published 02 Jan, 2024 11:24am

Asia

South Korea opposition chief stabbed by autograph-seeker

SEOUL: South Korea’s opposition Democratic Party leader Lee Jae-myung was stabbed in the neck during a visit to the...

Updated 02 Jan, 2024 11:18am

Sports

David Warner appeals for return of missing baggy green on eve of final Test

SYDNEY: Australian opener David Warner has made an impassioned appeal for the return of a rucksack containing his...

Published 02 Jan, 2024 11:11am

Forex

Australia, NZ dollars idle in thin trade at start of 2024

SYDNEY: The Australian and New Zealand dollars were idling near 5-1/2 month highs on Tuesday as their recent winning...

Published 02 Jan, 2024 11:05am

Europe

Russia launches drone attack on Kyiv, Ukraine says

KYIV: Russia launched a drone attack on Kyiv in the early hours of Monday, Ukrainian officials said, with downed...

Published 02 Jan, 2024 11:01am

Stocks

Asia shares get 2024 to steady start with busy data calendar in focus

SINGAPORE: Asian shares started the first trading day of the New Year on a steady footing on Tuesday, as investors...

Published 02 Jan, 2024 10:58am

Forex

Indian rupee may struggle on weak Asian peers, likely muted inflows

MUMBAI: The Indian rupee is likely to trade with a slight weakening bias on Tuesday in the wake of losses in Asian...

Published 02 Jan, 2024 10:55am

Business & Finance

Asia’s factories end 2023 on soft note amid fragile China recovery

SYDNEY: Asia’s factory activity weakened in December, portending a shaky start for the region’s manufacturing...

Published 02 Jan, 2024 10:52am

Business & Finance

Bitcoin climbs above $45,000 for first time since April 2022

SINGAPORE: Bitcoin rose above $45,000 on Tuesday for the first time since April 2022 as the world’s biggest and...

Published 02 Jan, 2024 10:48am

Commodities

Palm oil touches 2-week low on weak export data, strong soybean supply

SINGAPORE: Malaysian palm oil futures declined on Tuesday to a two-week low, weighed down by lacklustre export data...

Published 02 Jan, 2024 10:45am

PM says govt-private cooperation a must for economic growth

LAHORE: Terming the strong interaction between the business community and the government vital for the country’s...

Updated 02 Jan, 2024 10:45am

SBA: IMF set for first review on 11th

ISLAMABAD: The International Monetary Fund (IMF) Executive Board is scheduled to consider the first review under...

Updated 02 Jan, 2024 10:44am

Provincial projects: inclusion in PSDP banned

Finance Ministry conveys to provincial governments that it is going to shelve hundreds of non-starter projects besides making it mandatory for provinces to share in fertiliser subsidy and BISP funding

Updated 02 Jan, 2024 10:44am

Bullion Rate

Gold firms on Fed rate-cut hopes; US data in focus

Gold prices rose on Tuesday, supported by the prospect of interest rate cuts in 2024 from the Federal Reserve, while...

Published 02 Jan, 2024 10:26am

Business & Finance

Indonesia Dec inflation at 2.61%, below estimate

JAKARTA: Indonesia’s annual inflation rate was at 2.61% in December, official data showed on Tuesday, below a median...

Published 02 Jan, 2024 10:24am

Iran warship in Red Sea: Israel warns war to continue throughout 2024

GAZA STRIP, Palestinian Territories: Israel warned the Gaza war will continue throughout 2024 as unrelenting strikes...

Updated 02 Jan, 2024 10:19am

Stocks

China stocks snap winning streak on tepid recovery, sentiment

SHANGHAI: China stocks dropped on the first trading session of the new year, snapping a three-session winning...

Published 02 Jan, 2024 10:09am

Forex

China’s yuan down on first trading day of 2024, policy easing eyed

SHANGHAI: China’s yuan eased against the dollar on the first trading day of the year on Tuesday, pressured by rising...

Published 02 Jan, 2024 10:07am

Mutual Funds

India bond yields up marginally ahead of state debt sale

MUMBAI: Indian government bond yields were a tad higher in the second trading session of the New Year as traders...

Published 02 Jan, 2024 10:04am

Dec CPI inflation jumps 29.7pc YoY

ISLAMABAD: The Consumer Price Index (CPI) based inflation increased to 29.7 percent on a year-on-year basis in...

Updated 02 Jan, 2024 09:54am

Country braves blackouts as faults mar Guddu TPH generation

ISLAMABAD: The entire country is facing hours of load shedding due to massive shortfall in generation owing to...

Updated 02 Jan, 2024 09:53am

Stocks

Australia shares starts 2024 higher on rate-cut hopes

Australian shares rose on Tuesday on broad-based buying after trading resumed post the holiday break, as investors...

Published 02 Jan, 2024 09:47am

Stocks

Indian shares set to open higher

BENGALURU: India’s benchmark index Nifty 50 is set to open higher on Tuesday, after meagre gains in the previous...

Published 02 Jan, 2024 09:46am

Forex

Dollar starts 2024 on firm footing, bitcoin surpasses $45,000

SINGAPORE: The dollar rose on the first trading day of the year as attention turned to economic data this week that...

Published 02 Jan, 2024 09:42am

BR Research

Playing snakes and ladders

You know the biggest and only strategy that goes into playing the board game snakes and Ladders? Avoid the snakes....

Published 02 Jan, 2024 08:57am

Failure to integrate with ‘RADAR’: FBR being empowered to penalise govt entities

ISLAMABAD: The Federal Board of Revenue (FBR) is being legally empowered to impose penalties and prosecute...

Updated 02 Jan, 2024 08:53am

BR Research

Hoechst Pakistan Limited

Hoechst Pakistan Limited (PSX: HPL) (formerly known as Sanofi-aventis Pakistan Limited) was incorporated in Pakistan...

Published 02 Jan, 2024 08:52am

Solar IPPs: Hike in benchmark competitive tariff proposed

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has proposed increase in...

Updated 02 Jan, 2024 08:46am

Dec 2023: SRB achieves Rs21.3bn tax collection

KARACHI: The Sindh Revenue Board (SRB) has announced a record tax collection of Rs 21.3 billion for December 2023,...

Updated 02 Jan, 2024 08:35am

NTDC supports conversion of Lalpir, Pakgen to Thar coal

ISLAMABAD: National Transmission and Despatch Company (NTDC) has supported conversion of M/s Lalpir (LP) and Pakgen...

Updated 02 Jan, 2024 08:24am

‘Ratification of HKC will boost economy’

KARACHI: Speakers of a seminar organised by the National Trade Union Federation (NTUF) here said that the...

Updated 02 Jan, 2024 08:06am

BR’s refresher: your morning briefing for the day

Important updates from January 1, 2024

Published 02 Jan, 2024 08:03am

Middle East

Iranian warship Alborz enters the Red Sea

DUBAI: Iran’s Alborz warship has entered the Red Sea, the semi-official Tasnim news agency reported on Monday, at ...

Updated 02 Jan, 2024 06:17am

Opinion

How to ensure a prosperous, promising future for Pakistan

Pakistan emerged from the shackles of colonialism, and as a result, the political, economic, and spiritual culture ...