News Archives for Latest - 2024-01-04

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Archive - 2024-01-04

Forex

Rupee records back-to-back gains, settles at 281.67 against US dollar

Currency appreciates 0.02% on Thursday

Updated 04 Jan, 2024 11:46pm

World

Houthi drone boat detonates in Red Sea, no casualties: US Navy

WASHINGTON: A Houthi drone boat ladened with explosives detonated in the Red Sea on Thursday but was not close...

Published 04 Jan, 2024 11:06pm

Europe

Ukraine targets Crimea in air attack

KYIV: Ukraine said it targeted a Russian command post near the Crimean port city of Sevastopol Thursday, in an...

Published 04 Jan, 2024 10:46pm

Pakistan

PTI challenges PHC order withdrawing bat symbol in SC

The petition will be heard tomorrow (Friday)

Updated 04 Jan, 2024 09:46pm

Pakistan

CJP Isa says lifetime disqualification determined by individual's perception, not by constitution

A 7-member bench is conducting a hearing on the case to determine the period of ineligibility of lawmakers

Updated 04 Jan, 2024 09:45pm

Business & Economy

Govt establishes specialised tribunal for Pakistan’s telecom sector

Believes establishment of the tribunal will help lower burden on high courts concerning adjudication of technical matters

Updated 04 Jan, 2024 09:44pm

Movies & Music

Explainer: Golden Globes 2024 embark on new era for awards show

LOS ANGELES: The 81st Golden Globes, the kickoff to the Hollywood film and TV awards season, will take place on...

Published 04 Jan, 2024 09:44pm

Middle East

Israel focuses aggression on southern Gaza amid concern over wider war

Israeli shelling kills another 14 Palestinians, including nine children

Published 04 Jan, 2024 09:36pm

What is your expectation in the next monetary policy announcement?

Published 04 Jan, 2024 09:28pm

Movies & Music

‘Barbie’ brings her pink party to Sunday’s Golden Globes

LOS ANGELES: Hollywood stars are preparing to dance the night away as box office smash ‘Barbie’ leads nominees for...

Published 04 Jan, 2024 09:18pm

Forex

SBP reserves increase $464mn to reach over 5-month high of $8.2bn

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

Updated 04 Jan, 2024 09:17pm

Stocks

S&P 500, Nasdaq muted after upbeat private payrolls data

The benchmark S&P 500 and the Nasdaq were subdued on Thursday after a jobs report indicated resilience in the...

Published 04 Jan, 2024 08:23pm

Stocks

Most Gulf markets gain on rising oil prices

Most stock markets in the Gulf ended higher on Thursday on the back of rising oil prices, with the Saudi index...

Published 04 Jan, 2024 08:15pm

Pakistan

Bilawal promises 3 million houses for poor if elected to power

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday promised to build three million houses for...

Published 04 Jan, 2024 07:16pm

Currency

Open-market: rupee weakens against US dollar

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

Published 04 Jan, 2024 07:14pm

South Asia

Iran revises down blasts death toll to 84

TEHRAN: Iranian authorities on Thursday said twin blasts in the country’s south killed 84 people the previous day,...

Published 04 Jan, 2024 06:41pm

Pakistan

IHC restores 10-year disqualification for NAB convicts

IHC division bench comprising Justice Mohsin Akhtar Kayani and Justice Saman Rafat Imtiaz announced the verdict

Updated 04 Jan, 2024 06:39pm

South Asia

China’s Xi says ‘shocked’ by twin Iran blasts

BEIJING: Chinese President Xi Jinping offered his condolences Thursday over twin bomb blasts in close ally Iran,...

Published 04 Jan, 2024 06:28pm

Europe

UK’s Sunak eyes ‘second half’ of 2024 for election

LONDON: Britain will likely go to the polls in the last six months of this year, Prime Minister Rishi Sunak...

Published 04 Jan, 2024 06:14pm

Middle East

Kuwait emir appoints Sheikh Mohammed Sabah al-Salem al-Sabah as prime minister

DUBAI: Kuwait’s new emir Sheikh Meshal al-Ahmad al-Sabah on Thursday appointed Sheikh Mohammed Sabah al-Salem...

Published 04 Jan, 2024 06:10pm

Middle East

Saudi Arabia estimates 2024 financing needs at $23bn

DUBAI: Saudi Arabia estimates financing needs of about 86 billion riyals ($22.93 billion) in 2024 under a borrowing...

Published 04 Jan, 2024 06:00pm

Energy

Oil extends gains on Middle East supply worries

LONDON: Oil rose by about 1% on Thursday, extending gains on concerns over Middle Eastern supply after disruptions...

Updated 04 Jan, 2024 05:51pm

Middle East

Israeli forces search house to house in West Bank city

RAMALLAH: Israeli forces searched houses in the Nour al-Shams refugee camp in the occupied West Bank city of Tulkarm...

Published 04 Jan, 2024 05:48pm

Commodities

Asia rice: India rates climb to over 2-month peak as rivals offer higher prices

Prices of parboiled rice exported from India climbed to over two-month highs this week, following higher rates in...

Published 04 Jan, 2024 05:37pm

Stocks

Volatile session at PSX sees KSE-100 end flat

The Pakistan Stock Exchange (PSX) saw another volatile session on Thursday, as the benchmark KSE-100 swung both ways...

Updated 04 Jan, 2024 05:37pm

Stocks

Financials, energy lead rebound in Indian shares after two-session fall

BENGALURU: India’s benchmark indexes bounced back after a two-session drop on Thursday, led by financials on strong...

Published 04 Jan, 2024 05:33pm

Stocks

Sri Lanka shares end higher as consumer staples, industrials rise

BENGALURU: Sri Lankan shares closed higher on Thursday, helped by gains in consumer staples and industrial stocks....

Published 04 Jan, 2024 05:29pm

Commodities

Aluminium slides on easing supply fears and revised rate expectations

LONDON: Aluminium prices slumped on Thursday as raw material supply concerns eased and investor optimism over early...

Published 04 Jan, 2024 05:26pm

Commodities

Palm oil rebounds on dip in output, stronger crude oil prices

SINGAPORE: Malaysian palm oil futures rose on Thursday, snapping four consecutive sessions of losses, underpinned by...

Published 04 Jan, 2024 05:23pm

Sports

Bumrah takes six as India are set 79 for victory in second South Africa Test

CAPE TOWN: India seamer Jasprit Bumrah took 6-61 as the tourists bowled South Africa out in their second innings for...

Published 04 Jan, 2024 03:30pm

Luxury

Swiss luxury watchmaker Rolex raises prices in the UK, leaves rates in US unchanged

Prices rose by approximately 4% on January 1

Published 04 Jan, 2024 03:27pm

Business & Finance

Carrefour says it will not sell PepsiCo goods due to price hikes

PARIS: Carrefour is telling customers it will no longer sell PepsiCo products like Pepsi, Lay’s crisps and 7up...

Published 04 Jan, 2024 03:22pm

Europe

Toll in deadliest Russian strike on Kyiv rises to 32

KYIV: A December 29 missile strike killed 32 people in Kyiv, authorities said Thursday, raising the toll of the...

Published 04 Jan, 2024 02:46pm

Energy

TotalEnergies announces land review in controversial Africa projects

PARIS: French energy giant TotalEnergies on Thursday said it had launched a land acquisition assessment for...

Published 04 Jan, 2024 02:30pm

Europe

NATO, Ukraine to discuss air defence after Russian strikes

BRUSSELS: Ambassadors from NATO and Ukraine will hold a special meeting next week as Kyiv urges faster deliveries of...

Published 04 Jan, 2024 02:29pm

Energy

Morgan Stanley sees lower oil prices in 2024 on oversupply concerns

Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining...

Published 04 Jan, 2024 02:25pm

Bullion Rate

Gold price per tola falls Rs1,800 in Pakistan

Gold extended losing streak for the second session on Thursday, in line with the decline in the international rate....

Published 04 Jan, 2024 02:25pm

Stocks

UK stocks climb on energy boost; Next soars to record peak

UK stocks rose on Thursday, led by energy shares that tracked oil prices higher, while Next jumped to a record peak...

Published 04 Jan, 2024 02:24pm

Stocks

Major Gulf markets mixed on Fed minutes, rising oil

Major stock markets in the Gulf were mixed in early trade on Thursday as investors continued to gauge the path of...

Published 04 Jan, 2024 02:23pm

Commodities

South Korean mills tender for 50,000 metric tons wheat from US

HAMBURG: A group of South Korean flour mills has issued an international tender to buy an estimated 50,000 metric...

Published 04 Jan, 2024 02:22pm

Cotton & Textile

Cotton arrival inches 1.8% higher in last two weeks of December

Sindh surpasses Punjab in cotton production, shows PCGA data

Published 04 Jan, 2024 02:20pm

Asia

China says ‘deeply shocked’ by Iran twin blasts

BEIJING: China said on Thursday it was “deeply shocked” by twin bomb blasts that killed at least 95 people in Iran,...

Published 04 Jan, 2024 01:45pm

Sports

Ostapenko beats heat to oust defending Brisbane champion Pliskova

BRISBANE: Latvia’s Jelena Ostapenko ended Karolina Pliskova’s title defence when she downed the Czech star 6-4, 4-6,...

Published 04 Jan, 2024 01:44pm

Stocks

European stocks advance at open

LONDON: Europe’s main stock markets climbed in opening deals on Thursday, shrugging off losses in Asia and on Wall...

Published 04 Jan, 2024 01:39pm

Sports

Dhananjaya de Silva replaces Karunaratne as Sri Lanka Test captain

COLOMBO: All-rounder Dhananjaya de Silva will take over from Dimuth Karunaratne as captain of Sri Lanka’s Test side,...

Published 04 Jan, 2024 01:36pm

Forex

South African rand firms after weak start to 2024

JOHANNESBURG: South Africa’s rand firmed early on Thursday, slightly rebounding from a weak start to the year, while...

Published 04 Jan, 2024 01:34pm

Forex

Kenyan shilling weakens due to increased importer FX demand

NAIROBI: Kenya’s shilling weakened against the dollar on Thursday, undermined by increased importer demand from most...

Published 04 Jan, 2024 01:33pm

Business & Finance

At 4.1%, French inflation rises as expected in December

PARIS: French December consumer prices rose in line with expectations, preliminary data from the national statistics...

Published 04 Jan, 2024 01:30pm

Forex

Russian rouble recovers ground in light holiday trade

MOSCOW: The Russian rouble firmed on Thursday, recovering some of the previous session’s losses in light holiday...

Published 04 Jan, 2024 01:28pm

Energy

Saudi Arabian companies warn Aramco fuel price hike may curb earnings

DUBAI: Several Saudi Arabian companies released regulatory filings late on Wednesday and Thursday saying that state...

Published 04 Jan, 2024 01:27pm

Business & Finance

India likely to surpass FY24 target for state-run firms’ dividends by at least $1.4bn

NEW DELHI: The Indian government will likely exceed its fiscal year target for dividends from state-run companies by...

Published 04 Jan, 2024 01:25pm

Forex

Ugandan shilling stable, to weaken due to energy sector FX demand

KAMPALA: The Ugandan shilling was unchanged on Thursday but was biased to weaken on the back of increased appetite...

Published 04 Jan, 2024 01:24pm

Europe

Russian hackers were inside Ukraine telecoms giant for months

LONDON: Russian hackers were inside Ukrainian telecoms giant Kyivstar’s system from at least May last year in a...

Published 04 Jan, 2024 01:21pm

Movies & Music

AI Elvis to make virtual reality comeback in London show

LONDON: Elvis Presley fans who missed out on seeing their hero when he was alive will be able to catch a glimpse of...

Published 04 Jan, 2024 12:42pm

Europe

EU’s Borrell condemns ‘terrorist attack’ in call with Iran FM

BRUSSELS: The EU’s top diplomat Josep Borrell offered his condolences to Iran after what he described as a...

Published 04 Jan, 2024 12:34pm

Middle East

Iran blames Israel, US for deadly blasts near grave of Guards general Soleimani

TEHRAN: Iran blamed Israel and the United States on Wednesday for twin bomb blasts that killed at least 95 people in...

Published 04 Jan, 2024 12:30pm

South Asia

Exiled opposition leader condemns ‘sham’ Bangladesh election

LONDON: Bangladesh’s election on Sunday will be a “sham” designed to cement Prime Minister Sheikh Hasina’s rule,...

Published 04 Jan, 2024 12:11pm

BR Research

CY23: disaster, stability, and hope

After all that’s said or done, the fact of the matter is that the bleeding has stopped under the caretaker setup....

Updated 04 Jan, 2024 12:07pm

Europe

Ukraine’s mobile air defences have ammo for ‘few more attacks’: commander

NEAR KYIV: Kyiv’s mobile air defences have enough ammunition to withstand a few more powerful attacks, but then will...

Published 04 Jan, 2024 12:06pm

Sports

Six players of T20I squad depart for Auckland

LAHORE: Six members of the Pakistan T20I squad departed for Auckland via Dubai from Lahore to feature in the...

Updated 04 Jan, 2024 11:59am

Sports

Gauff marches on with dominant win in Auckland

AUCKLAND: Coco Gauff stepped up preparations for the Australian Open with an emphatic 6-3, 6-0 win over rising Czech...

Published 04 Jan, 2024 11:58am

SIFC set to take on smugglers, hoarders

Apex committee appreciates enhancing level of economic engagements with friendly countries

Updated 04 Jan, 2024 11:55am

Asia

Stabbed South Korean opposition leader ‘recovering well’: doctor

SEOUL: South Korean opposition party leader Lee Jae-myung, who was stabbed in the neck, is recovering well but still...

Published 04 Jan, 2024 11:55am

Middle East

Blinken set for Israel visit as regional war fears mount

OCCUPIED JERUSALEM: US Secretary of State Antony Blinken will head Thursday to the Middle East as fears mount that...

Published 04 Jan, 2024 11:50am

Sports

Warner out for 34 in farewell Test as rain thwarts Pakistan

SYDNEY: Pakistan captured the key wickets of Australia openers David Warner and Usman Khawaja before rain washed out...

Updated 04 Jan, 2024 11:34am

Middle East

Hezbollah, Israel appear to signal no desire for spread of Gaza war

BEIRUT/CAIRO/OCCUPIED GAZA: Hezbollah in Lebanon and the Israeli army made statements suggesting the two avowed...

Published 04 Jan, 2024 11:20am

Stocks

China stocks fall despite encouraging service activity data; HK shares down

SHANGHAI: Chinese stocks fell on Thursday, dragged by liquor companies, despite a private survey showing the...

Published 04 Jan, 2024 11:24am

Mutual Funds

Flattish trend persists in India bond yields, traders eye Treasury move

MUMBAI: Indian government bond yields were moving sideways in the early session on Thursday as market participants...

Published 04 Jan, 2024 11:22am

Commodities

Palm rebounds on robust Indian demand, stronger crude prices

SINGAPORE: Malaysian palm oil futures rose on Thursday, after a four-session losing streak, underpinned by robust...

Published 04 Jan, 2024 11:05am

Forex

Indian rupee weakens slightly tracking decline in Asian peers

MUMBAI: The Indian rupee weakened slightly on Thursday, pressured by a fall in its Asian peers and tepid risk...

Published 04 Jan, 2024 11:02am

Bullion Rate

Gold steadies as traders await jobs data for Fed cues

Gold prices steadied on Wednesday as investors looked out for more US jobs data to gauge the Federal Reserve’s next...

Published 04 Jan, 2024 10:57am

Sports

Barcelona can’t afford players like Mbappe, Haaland: Xavi

Barcelona can no longer afford to shell out huge sums in transfer fees for top players like Erling Haaland and...

Published 04 Jan, 2024 10:53am

Forex

China’s yuan weakens to 3-week lows as dollar rebounds

SHANGHAI: The yuan hit three-week lows on Thursday against a rebounding dollar, weighed by lingering worries over...

Published 04 Jan, 2024 10:51am

Forex

Asian currencies soft as investors reassess US rate cuts, stocks mixed

Most Asian currencies were softer on Thursday as investors reassessed their expectations of steep and early rate...

Published 04 Jan, 2024 10:46am

USA

UN Security Council members call for Houthis to stop attacks on shipping

UNITED NATIONS: Members of the U.N. Security Council on Wednesday called on Yemen’s Houthis to halt their attacks on...

Published 04 Jan, 2024 10:40am

USA

Mask mandates return at some US hospitals as COVID, flu jump

Hospitals in at least four US states have reinstated mask mandates amid a rise in cases of COVID, seasonal flu and...

Published 04 Jan, 2024 10:35am

Stocks

Australian shares track global markets lower, financials top drag

Australian shares fell on Thursday after global markets extended a decline on doubts about the number of US interest...

Published 04 Jan, 2024 10:30am

Stocks

Indian shares set to open higher after two-session drop

BENGALURU: India’s benchmark Nifty 50 index is set to open higher on Thursday, after easing from near record highs...

Published 04 Jan, 2024 10:25am

Stocks

Japan’s Nikkei tumbles as stocks react to quake, airline collision

TOKYO: Japan’s Nikkei share average fell as much as 2% on the first trading day of 2024, as airline, construction...

Published 04 Jan, 2024 10:23am

Asia

Japan Airlines pilots ‘unaware of fire’ at first

TOKYO: Pilots on a Japan Airlines plane engulfed in flames just after all 379 passengers and crew escaped were...

Published 04 Jan, 2024 10:19am

Stocks

Asian markets extend new year retreat after Fed minutes

HONG KONG: Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall...

Published 04 Jan, 2024 10:15am

Asia

Hundreds cut off after Japan quake that killed 78

NANAO: More than 50 people were reported missing Thursday as Japanese rescuers battled to reach hundreds still cut...

Published 04 Jan, 2024 10:11am

Forex

Australia, NZ dollars extend losing streak as US$ rebounds in new year

SYDNEY: The Australian and New Zealand dollars extended their losing streak on Thursday as a bout of selling in...

Published 04 Jan, 2024 10:06am

Forex

Dollar rebounds as traders rethink Fed rate cut expectations

SINGAPORE: The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts...

Published 04 Jan, 2024 09:58am

Jul-Nov FDI jumps 8.1pc to $656.1m YoY

Net foreign direct investment during same period of previous fiscal year amounted to $606.9 million

Updated 04 Jan, 2024 09:40am

Seeking report on PTI’s allegations: SC issues notices to CS, IGP and AG Punjab

ISLAMABAD: The Supreme Court issued notices to the chief secretary, inspector general of police (IGP) and advocate...

Updated 04 Jan, 2024 09:26am

BR Research

Winter power shortage: not a mystery

In a country where the power demand is low in winters while the generation capacity is higher than the peak summer...

Published 04 Jan, 2024 09:23am

600MW wind, solar projects: PFREF moves army chief

ISLAMABAD: Pakistan Foreign Renewable Energy Forum (PFREF) has approached Army Chief General Syed Asim Munir for...

Updated 04 Jan, 2024 09:21am

BR Research

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) is a manufacturer and supplier of Purified Teraphthalic Acid (PTA)....

Published 04 Jan, 2024 09:19am

Prospects of KE shares transfer to new buyers ‘unclear’

ISLAMABAD: The prospects of transfer of shares of K-Electric (KE) to new buyers are reportedly unclear as the...

Updated 04 Jan, 2024 09:12am

Foreign govts, private entities: Guidelines on pacts, MoUs notified

ISLAMABAD: The government has notified guidelines regarding agreements/memorandums of understanding (MoUs) with...

Updated 04 Jan, 2024 09:11am

Industries: Tariff cut plan requires an IMF nod

ISLAMABAD: The caretaker government has reportedly prepared a plan to reduce industrial tariff by up to 25 percent...

Updated 04 Jan, 2024 09:02am

Smuggling, non-duty paid vehicles: LEAs, Intelligence personnel entitled to FBR cash rewards

ISLAMABAD: The officers of the law enforcement agencies and intelligence agencies would now be entitled to cash...

Updated 04 Jan, 2024 08:55am

Perspectives

Pakistan’s transition from the IMF’s SBA 2023 to the EFF 2024

The negotiation on the ninth review (of a total eleven) of the International Monetary Fund (IMF) Extended Fund...

Published 04 Jan, 2024 08:55am

BR’s refresher: your morning briefing for the day

Important updates from January 3, 2024

Published 04 Jan, 2024 08:53am

Motorway projects: ADB rates ‘$590m additional financing’ as successful

ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated “Pakistan:...

Updated 04 Jan, 2024 08:50am

Energy

Q3 QTA mechanism: Nepra approves Rs2.87/unit hike for KE

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved positive adjustment of Rs2.87 per...

Updated 04 Jan, 2024 08:38am

Input tax adjustment: FBR extends date for proposals on ‘HS codes’ new list

ISLAMABAD: The Federal Board of Revenue (FBR) has extended date upto January 10, 2024 for leading sectors to submit...

Updated 04 Jan, 2024 08:30am

Opinion

PARTLY FACETIOUS: Sporting a Charlie Chaplin moustache

“So is the present more important than say legacy?” “If you ask me, then I would say both – I want an easy...

Updated 04 Jan, 2024 06:12am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 03, 2024). ==================================== ...

Published 04 Jan, 2024 05:58am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (January 03, 2024). ======================================= ...

Published 04 Jan, 2024 05:58am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 03, 2024)...

Published 04 Jan, 2024 05:58am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 03, 2024)....

Published 04 Jan, 2024 05:58am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (January 03, 2024)....

Published 04 Jan, 2024 05:58am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (January 03, 2024). ======================== Open ...

Published 04 Jan, 2024 05:58am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 04 Jan, 2024 05:58am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (January 03, 2024). ========================== KIBOR...

Published 04 Jan, 2024 05:58am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 04 Jan, 2024 05:58am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 04 Jan, 2024 05:58am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (January 03, 2024) and the forecast for Thursday (January 04, 2024)...

Published 04 Jan, 2024 05:58am

Pakistan

Emirates, PCAA celebrate 25 years of collaboration

ISLAMABAD: Emirates Airlines and the Pakistan Civil Aviation Authority (PCAA) celebrated 25 years of collaboration ...