News Archives for Latest - 2024-01-03

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Europe

Germany urges citizens to leave Lebanon swiftly

BERLIN: Germany on Wednesday urged its citizens to leave Lebanon quickly, warning that an expansion of the...

Published 03 Jan, 2024 11:06pm

Europe

IAEA says blocked from some Zaporizhzhia reactor halls

VIENNA: The UN nuclear watchdog said Wednesday it had recently been blocked for the first time from inspecting the...

Published 03 Jan, 2024 10:54pm

Pakistan

Peshawar High Court grants transit bail to Zartaj Gul

Gul tenders apology over tragic events that unfolded following Imran Khan's arrest on May 9

Published 03 Jan, 2024 10:31pm

Europe

NATO to buy 1,000 Patriot missiles in face of Russia threat

BRUSSELS: NATO members in Europe have signed a contract for up to 1,000 Patriot missiles to bolster air defences in...

Updated 03 Jan, 2024 09:45pm

Markets

Pakistan’s bond rally may extend into 2024 contingent on another IMF bailout: report

Investors believe govt is expected to secure another bailout from IMF

Updated 03 Jan, 2024 09:44pm

Pakistan

PTI stripped of 'bat' symbol again as PHC restores ECP decision

Single-member bench comprising Justice Ejaz Khan announces reserves verdict

Updated 03 Jan, 2024 09:42pm

Pakistan

Level playing field: SC issues notices to Punjab IG, others on PTI's plea

Hearing adjourned till January 8

Updated 03 Jan, 2024 09:41pm

Pakistan

ECP indicts Imran Khan, Fawad Chaudhry in contempt case

Hearing adjourned till January 16

Updated 03 Jan, 2024 09:41pm

Pakistan

Pakistan reaffirms commitment to maintain ongoing engagement with Afghanistan

Jilani says he had a productive meeting with Kandahar Governor Mullah Shirin

Published 03 Jan, 2024 09:40pm

Cricket

India in control after wickets tumble in 2nd Test

CAPE TOWN: India hold a good chance of levelling the series with South Africa after 23 wickets fell on the first day...

Updated 03 Jan, 2024 09:19pm

Energy

Oil climbs as supply concerns deepen with Libyan oilfield disruption

Oil prices rose more than a $1 a barrel on Wednesday after reports of a disruption to Libya’s top oilfield added to...

Updated 03 Jan, 2024 08:57pm

Europe

EU’s Borrell urges world to ‘impose’ solution to Israel-Palestinian conflict

LISBON: EU foreign policy chief Josep Borrell on Wednesday said the international community had to “impose” a...

Published 03 Jan, 2024 08:24pm

Stocks

US stocks see further weakness after buoyant 2023

NEW YORK: Wall Street stocks slumped to start Wednesday with all three major US indices in the red and key names...

Published 03 Jan, 2024 08:00pm

Middle East

Bombs kill 103 at Iran memorial for slain general: state media

TEHRAN: At least 103 people were killed in Iran Wednesday as two bombs in quick succession struck a crowd...

Updated 03 Jan, 2024 07:58pm

Currency

Open-market: rupee edges higher against US dollar

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

Published 03 Jan, 2024 07:33pm

Bullion Rate

Gold price per tola decreases Rs1,300 in Pakistan

Gold rates in Pakistan decreased on Wednesday, in line with the decline in the international rate. The yellow metal...

Updated 03 Jan, 2024 07:31pm

Business & Economy

‘Existential crisis’: tax the undocumented sector, urges PBC

Body says first task of incoming government will be to negotiate IMF programme, seek longer-term, reform-centric bailout

Published 03 Jan, 2024 07:30pm

Europe

Ukraine needs ‘stable’ aid from West to keep economy afloat: ministry

KYIV: Ukraine’s prime minister on Wednesday said Kyiv counted on Western allies’ steady financial support,...

Published 03 Jan, 2024 07:21pm

Commodities

Soybeans edge lower after Brazil rains, strong dollar hit prices

CANBERRA/PARIS: Chicago soybean futures dipped on Wednesday as rain in top exporter Brazil eased supply fears and a...

Published 03 Jan, 2024 07:13pm

Sports

Djokovic wrist injury dooms Serbia to Australia defeat

PERTH: Novak Djokovic suffered a frustrating fitness saga as a wrist problem led to the Serb’s upset 6-4, 6-4 loss...

Published 03 Jan, 2024 06:44pm

Commodities

JDW Sugar Mills to set up ethanol distillery

The Board of Directors (BoD) of JDW Sugar Mills Limited (JDWS), a manufacturer of crystalline sugar, has announced...

Published 03 Jan, 2024 06:33pm

Stocks

Stocks end session in green, KSE-100 up nearly 0.5%

Bullish trend returned to the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 jumped over 800 points in...

Updated 03 Jan, 2024 06:29pm

Currency

Rupee registers gain, settles at 281.72 against US dollar

Currency appreciates 0.06% on Wednesday

Updated 03 Jan, 2024 06:25pm

South Asia

Bangladesh deploys army to keep peace ahead of Sunday’s election

DHAKA: Troops deployed across Bangladesh on Wednesday amid fears of violence ahead of a national election which the...

Published 03 Jan, 2024 06:18pm

Stocks

Global stocks mostly retreat

LONDON: Asian and European stock markets mostly fell Wednesday as traders took cash off the table after a...

Updated 03 Jan, 2024 05:29pm

Cricket

Sri Lanka name different captains for Test, ODI and T20 sides

COLOMBO: Sri Lanka cricket selectors Wednesday named different captains for the Test, one-day international and...

Published 03 Jan, 2024 05:25pm

Forex

Dollar builds on previous day’s gains as focus turns to US data

LONDON/SINGAPORE: The US dollar rose again on Wednesday after jumping the previous day, underpinned by elevated US...

Published 03 Jan, 2024 05:20pm

Money & Banking

ECB to test banks’ response to cyberattack

FRANKFURT: The European Central Bank said Wednesday it would test lenders’ response to cyberattacks this year in a...

Published 03 Jan, 2024 04:56pm

Asia

Japan quake toll rises to 64 as weather hampers rescuers

ANAMIZU: Japanese rescuers struggled with heavy rain, blocked roads and aftershocks on Wednesday following a...

Published 03 Jan, 2024 04:53pm

USA

Harvard president resigns after rows over plagiarism, anti-Semitism

NEW YORK: The president of Harvard University resigned Tuesday after coming under ferocious attack for her handling...

Published 03 Jan, 2024 04:46pm

Forex

Sterling holds steady before US data, nursing Tuesday’s heavy loss

LONDON: The pound held steady on Wednesday, nursing the previous day’s steep losses as investors waited for U.S....

Published 03 Jan, 2024 04:40pm

Movies & Music

Mickey Mouse horror films announced as Disney copyright expires

LOS ANGELES: Oh boy! Barely 24 hours after Disney’s initial copyright on Mickey Mouse expired, two new indie horror...

Published 03 Jan, 2024 04:39pm

Energy

India’s Russian oil imports drop on pricing, not due to payment woes

NEW DELHI: India’s oil imports from Russia fell due to unattractive pricing and not because of payment problems, oil...

Published 03 Jan, 2024 04:37pm

Life & Style

Discounters, Sainsbury’s and Tesco are UK Christmas winners: Kantar

LONDON: German-owned discounters Aldi and Lidl, No. 2 player Sainsbury’s, and market leader Tesco were the biggest...

Published 03 Jan, 2024 04:04pm

Middle East

Israel minister slams US for condemning call for mass exodus of Gazans

JERUSALEM: Israeli National Security Minister Itamar Ben-Gvir has hit back at ally the United States over its...

Published 03 Jan, 2024 03:37pm

FBR set to block mobile phones of non-filers

Tax body will issue Income Tax General order by January 15

Updated 03 Jan, 2024 03:26pm

Editorials

Inflation is rightly regarded as costly

EDITORIAL: Pakistan Bureau of Statistics (PBS) released the following data for the last month of 2023: (i) consumer...

Updated 03 Jan, 2024 02:48pm

Stocks

China equities flat, Hong Kong extends losses on slow recovery fears

HONG KONG: China shares wobbled, and Hong Kong stocks extended declines on Wednesday, tracking a broader Asian...

Updated 03 Jan, 2024 02:35pm

Stocks

FTSE 100 flat as miner losses offset gains in personal care sector

The UK’s FTSE 100 was flat on Wednesday, with gains in personal care stocks offset by losses in miners, while...

Published 03 Jan, 2024 02:31pm

South Asia

China ready to support Japan quake relief, Premier Li says

BEIJING: China is ready to provide necessary support for Japan’s earthquake relief, Premier Li Qiang said on...

Published 03 Jan, 2024 02:29pm

Movies & Music

Snoop Dogg to be Paris Olympics special correspondent for NBC

NEW YORK: Acclaimed rapper Snoop Dogg will be a special reporter for US broadcaster NBC at the Paris Olympics this...

Published 03 Jan, 2024 01:47pm

Europe

Russia says Ukraine attacks Belgorod region again with missiles and drones

Ukraine launched 12 missiles and several drones in the early hours of Wednesday on Russia’s southern region of...

Published 03 Jan, 2024 01:38pm

Currency

Russian rouble weakens in light holiday trade

MOSCOW: The Russian rouble weakened on Moscow’s first trading day of 2024 on Wednesday, sliding towards the 92 mark...

Published 03 Jan, 2024 01:28pm

Stocks

Philippines bourse trading halt dampens investor sentiment

MANILA: The Philippines’ stock market on Wednesday closed 0.84% lower, with volumes thin due to more than two hours...

Updated 03 Jan, 2024 01:26pm

Stocks

Major Gulf markets ease as rate cut hopes recede; IHC buoys Abu Dhabi

Most major stock markets in the Gulf fell in early trade on Wednesday, tracking Asian shares lower as market...

Published 03 Jan, 2024 01:23pm

Stocks

Asia stocks track global losses as traders step back after rally

HONG KONG: Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash...

Published 03 Jan, 2024 01:11pm

Stocks

South Korean shares fall over 2% amid lower bets of early US rate cuts

KOSPI closed down 62.50 points, or 2.34%, at 2,607.31

Published 03 Jan, 2024 01:04pm

Cricket

Pakistan fight back from 96-5 to 313 to frustrate Australia

SYDNEY: Gritty Pakistan clawed back from looming disaster to finish with 313 on the back of fighting half-centuries...

Updated 03 Jan, 2024 01:01pm

Currency

South African rand stabilises after big drop

The South African rand stabilised on Wednesday after a big drop the day before when the U.S. dollar posted its best...

Published 03 Jan, 2024 12:50pm

Europe

Turkish inflation ends year at 64.8%, seen rising further

ISTANBUL: Turkiye’s annual inflation rate climbed to 64.77% in December, official data showed on Wednesday,...

Published 03 Jan, 2024 12:48pm

Middle East

Killing of Hamas deputy leader in Beirut raises risk of Gaza war spreading

BEIRUT/CAIRO/GAZA: Israel killed Hamas deputy leader Saleh al-Arouri in a drone strike in Lebanon’s capital Beirut...

Updated 03 Jan, 2024 12:05pm

Stocks

Australian shares post worst day in 2-1/2 months as miners, banks drag

Australian shares fell more than 1% on Wednesday in their worst session since mid-October, led by heavyweight mining...

Updated 03 Jan, 2024 11:36am

Commodities

Gold gains as traders await Fed minutes, US jobs data

Gold prices edged higher on Wednesday as investors looked forward to minutes from the Federal Reserve’s latest...

Published 03 Jan, 2024 10:47am

Pakistan

Senate told: 154,205 Pakistanis deported in 3 years

ISLAMABAD: Some 154,205 Pakistani nationals were deported from different countries worldwide, over illegal entry, in...

Updated 03 Jan, 2024 10:39am

Sports

Raducanu into Australian Open main draw after Davis withdrawal

Former U.S. Open champion Emma Raducanu moved into the main draw of the Australian Open after American Lauren Davis...

Published 03 Jan, 2024 10:21am

Currency

China’s yuan weakens to 3-week low as traders bet on imminent monetary easing

SHANGHAI: China’s yuan weakened to a three-week low against the dollar on Wednesday, on growing monetary easing...

Published 03 Jan, 2024 10:16am

Commodities

Dalian iron ore climbs more than 2% on China stimulus

SINGAPORE: Iron ore futures rose for the second session on Wednesday, buoyed by expectations of additional fiscal...

Published 03 Jan, 2024 10:13am

Sports

Pliskova rallies to oust Osaka in Brisbane

BRISBANE: Karolina Pliskova gave Naomi Osaka a reality check on her return to tournament tennis by rallying for a...

Published 03 Jan, 2024 10:10am

Forex

Australia, NZ dollars pinned near two-week lows as global risk rally stalls

SYDNEY: The Australian and New Zealand dollars were pinned near two-week lows on Wednesday as a rally in global risk...

Published 03 Jan, 2024 10:06am

Middle East

Saudi non-oil business activity expands in Dec, new orders jump

DUBAI: Non-oil business activity in Saudi Arabia grew solidly in December, a survey showed on Wednesday, with new...

Published 03 Jan, 2024 10:03am

Commodities

Copper slips as firm dollar outweighs thin inventories

BEIJING: Copper prices slid on Wednesday, weighed down by a firm U.S. dollar and soft demand in top consumer China,...

Published 03 Jan, 2024 10:00am

South Asia

Thai PM proposes $102 billion budget to parliament

BANGKOK: Thai Prime Minister Srettha Thavisin on Wednesday announced a 3.48 trillion baht ($101.52 billion) budget...

Published 03 Jan, 2024 09:58am

Stocks

Adani Group stocks rise ahead of Indian court ruling on regulatory probe

BENGALURU: Shares of the Adani Group’s listed companies rose between 2.2% and 10% on Wednesday, ahead of a ruling by...

Published 03 Jan, 2024 09:54am

Business & Finance

Jul-Dec: Trade deficit falls 34.29pc to $11.15bn YoY

ISLAMABAD: Pakistan’s trade deficit narrowed down by 34.29 percent in the first half (July-December) of the current...

Updated 03 Jan, 2024 09:54am

Financial

India bond yields flat, now eye Treasury moves for further cues

MUMBAI: Indian government bond yields turned flat after posting an uptick for the first two trading sessions of 2024...

Published 03 Jan, 2024 09:49am

Stocks

Indian shares open lower amid global slide

BENGALURU: India’s blue-chip indexes opened lower on Wednesday, dragged down by information technology stocks, while...

Published 03 Jan, 2024 09:41am

Privatisation of HEC concludes

ISLAMABAD: The privatisation of Heavy Electrical Complex (HEC) was concluded on Tuesday, with the handing over of...

Updated 03 Jan, 2024 09:38am

Pakistan

‘Nomination papers’: IK approaches polls tribunal

LAHORE: PTI former Chairman Imran Khan has approached the election tribunal against the rejection of his nomination...

Updated 03 Jan, 2024 09:37am

Forex

Dollar edges higher as risk rally hits pause

SINGAPORE: The dollar rose broadly on Wednesday and stood near a two-week high against its major peers, underpinned...

Published 03 Jan, 2024 09:37am

Business & Finance

CCP approves Singapore shipping firm merger with Pak subsidiary

ISLAMABAD: The Competition Commission of Pakistan (CCP) has given approval for a merger in the deep-sea container...

Updated 03 Jan, 2024 09:36am

PTI ready to field even an ‘Under-19 team’: Gohar

ISLAMABAD: Burning all the boats, the new chairman Pakistan Tehreek-e-Insaf (PTI) Gohar Ali Khan on Tuesday threw...

Updated 03 Jan, 2024 09:31am

‘Lifelong disqualification’: SC seeks senior lawyers’ assistance

ISLAMABAD: As the federation and all the provinces are unanimous that there should be no lifelong disqualification...

Updated 03 Jan, 2024 09:29am

Dec petroleum products’ sales fall 7pc YoY

KARACHI: Total sales of petroleum products in the country declined by 7.0 percent on year-on-year basis to 1.24...

Updated 03 Jan, 2024 09:28am

ECC rejects hike in wheat support price proposal

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has turned down the Ministry of National Food...

Updated 03 Jan, 2024 09:15am

Devolved subjects: SIFC to discuss expenditure-sharing today

ISLAMABAD: Ministry of Finance (MoF) is all set to brief Apex Committee of Special Investment Facilitation Council...

Updated 03 Jan, 2024 09:11am

Afghan delegation due today for crucial talks

ISLAMABAD: A delegation of the Afghan interim government led by Governor Kandahar Mullah Sherin Akhund, a close aide...

Updated 03 Jan, 2024 09:10am

BR’s refresher: your morning briefing for the day

Important updates from January 2, 2024

Published 03 Jan, 2024 09:07am

BR Research

WPI: Energy prices take center stage

If petroleum prices don’t get you, energy prices will. This has been the story on the inflation front of late. The...

Published 03 Jan, 2024 09:05am

BR Research

Startup ecosystem 2023

The year 2021 was a defining moment for tech firms, with significant global expansion. The trend continued through...

Published 03 Jan, 2024 09:01am

BR Research

Packages Limited

Packages Limited (PSX: PKGS) is a public listed company incorporated in Pakistan. The company was established as a...

Published 03 Jan, 2024 08:51am

Opinion

Is Super Tax payable on dividend?

Introduction, 1- This note has been prepared to dispel the incorrect perception that Super Tax under Section (4C) of...

Updated 03 Jan, 2024 06:07am

Opinion

Outlook 2024 – II

Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present...

Updated 03 Jan, 2024 05:59am

Opinion

AI - the bank of tomorrow

It is 2030. Imagine walking down I.I. Chundrigar Road Karachi. Imagine what will you see? Imagine if banking becomes...

Updated 03 Jan, 2024 05:58am

South Asia

Bangladesh opposition on the run despite not contesting vote

DHAKA: As general elections approach this week in Bangladesh, opposition leader Abdul Moyeen Khan says he had to ...