News Archives for Latest - 2024-01-05

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World

Hezbollah head says Lebanon could be ‘exposed’ to more Israeli attacks

BEIRUT: The head of Hezbollah said on Friday Lebanon would be “exposed” to more Israeli operations if his powerful...

Published 05 Jan, 2024 11:31pm

South Asia

Five killed as packed train catches fire in Bangladesh

DHAKA: Five people were killed in Bangladesh after a passenger train caught fire Friday, with police suspecting an...

Published 05 Jan, 2024 11:00pm

Stocks

Wall St inches up on megacap boost, robust jobs data weighs

Wall Street’s main indexes edged higher on Friday as gains in megacap stocks outweighed pressure from a...

Published 05 Jan, 2024 09:19pm

Cricket

Dallas to hold T20 World Cup opener, Barbados gets final

MIAMI: The opening game of cricket’s Twenty20 World Cup final will be held in Dallas with the final at the...

Published 05 Jan, 2024 08:44pm

Pakistan

Two terrorists, including a ‘highly wanted’, killed in Tank IBO: ISPR

Two terrorists, including a highly wanted, were killed in an intelligence based operation (IBO) in the Tank District...

Updated 05 Jan, 2024 08:44pm

Pakistan

Nomination papers of Shah Mahmood Qureshi, Haleem Adil accepted from Sindh

The Sindh High Court’s (SHC) election appellate tribunal on Friday accepted the appeals of PTI Vice-Chairman Shah...

Published 05 Jan, 2024 08:36pm

Business & Economy

Pakistan’s central govt debt at Rs63.4tr in November: SBP

Short-term domestic debt shows significant decline on monthly basis

Published 05 Jan, 2024 08:15pm

Middle East

US and Europe launch new diplomatic drive to stop Gaza war escalating

CAIRO/GAZA/JERUSALEM: US Secretary of State Antony Blinken and Europe’s top diplomat, Josep Borrell, embarked on a...

Published 05 Jan, 2024 08:13pm

Energy

K-Electric enters into PPAA, TDSA agreements with federal govt

Through these agreements, KE will be able to provide 1,000-2,000MW of uninterrupted electricity to Karachi, says CEO Moonis Alvi

Updated 05 Jan, 2024 08:12pm

Pakistan

SC reserves verdict in lifetime disqualification case

The Supreme Court (SC) reserved on Friday its verdict on the petitions related to lifetime disqualification of...

Updated 05 Jan, 2024 07:53pm

Pakistan

Senate passes resolution seeking delay in elections

Senator Dilawar Khan cites cold weather, security issues as reasons behind seeking the delay

Updated 05 Jan, 2024 07:15pm

Currency

Open-market: rupee inches higher against US dollar

The Pakistan rupee posted a slight gain against the US dollar in the open market on Friday, while the local currency...

Updated 05 Jan, 2024 07:13pm

Energy

Oil prices rise on Middle East tensions

LONDON: Oil prices rose on Friday as U.S. Secretary of State Antony Blinken prepared to visit the Middle East in an...

Updated 05 Jan, 2024 07:05pm

Technology

Google Chrome restricts cookies in first step towards elimination

PARIS: Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...

Published 05 Jan, 2024 06:56pm

Forex

Rupee records 3rd consecutive gain, settles at 281.4 against US dollar

Currency appreciates 0.1% on Friday

Updated 05 Jan, 2024 06:28pm

Stocks

10 minutes of chaos: KSE-100 reacts negatively as Senate approves resolution on election-delay

Sudden political uncertainty took a toll on investor sentiment at the Pakistan Stock Exchange (PSX) on Friday, with...

Updated 05 Jan, 2024 06:22pm

Stocks

Secure Logistics Group plans IPO, eyes raising at least $2.7mn: report

Pakistan’s Secure Logistics Group Ltd (SLG) is planning an initial public offering (IPO) ) at the Pakistan Stock...

Updated 05 Jan, 2024 06:11pm

Luxury

All-time record: Dubai Duty Free registers sales of over $2bn in 2023

Top five selling categories for the year were perfumes followed by liquor, gold, cigarettes & tobacco and electronics

Published 05 Jan, 2024 05:53pm

Commodities

Stronger dollar pushes copper prices to three-week low

LONDON: Copper prices in London fell to the lowest level in three weeks on Friday as reduced bets for an early...

Published 05 Jan, 2024 05:57pm

South Asia

Iran arrests suspects over bomb blasts, mourners demand revenge

Mourners wept over the coffins of victims of two deadly blasts in Iran as the interior minister said on Friday a...

Published 05 Jan, 2024 05:53pm

South Asia

Bangladesh to vote in election without opposition

DHAKA: Bangladesh votes Sunday in an election guaranteed to give Prime Minister Sheikh Hasina her fifth term in...

Updated 05 Jan, 2024 05:34pm

Commodities

Asia gold: Falling prices spur Indian demand, China premiums rise

Physical gold buying in India rose this week, as domestic prices fell back from record highs, while premiums in...

Published 05 Jan, 2024 05:32pm

Money & Banking

India’s forex reserves rise for seventh week, hit near 22-month high

MUMBAI: India’s foreign exchange reserves rose for a seventh straight week and stood at a near 22-month high of...

Published 05 Jan, 2024 05:29pm

Stocks

Sri Lanka shares end higher led by industrials, consumer staples

BENGALURU: Sri Lankan shares closed higher on Friday, aided by gains in industrials and consumer staples stocks. The...

Published 05 Jan, 2024 05:24pm

Stocks

UAE markets close higher on steady oil prices

Stock exchanges in the United Arab Emirates closed higher on Friday, tracking gains in oil prices as U.S. Secretary...

Published 05 Jan, 2024 05:20pm

Europe

Eurozone inflation rises to 2.9% in December

BRUSSELS: The annual rate of inflation in the eurozone rose to 2.9 percent in December mainly due to energy costs,...

Published 05 Jan, 2024 05:15pm

Europe

German foreign minister to tour Middle East from Sunday

BERLIN: German Foreign Minister Annalena Baerbock will travel to Israel Sunday for her fourth visit since the...

Published 05 Jan, 2024 05:12pm

Middle East

Health ministry in Gaza says 22,600 killed in war

GAZA STRIP: The health ministry in Gaza said Friday at least 22,600 people have been killed in the besieged...

Published 05 Jan, 2024 05:06pm

Companies

Maersk diverts vessels away from Red Sea ‘for the foreseeable future’

OSLO: All Maersk vessels due to transit the Red Sea and Gulf of Aden will instead be diverted south around Africa’s...

Published 05 Jan, 2024 04:46pm

Energy

Global LNG: Asia spot LNG prices dip to 5-month low as stocks weigh

Asian spot liquefied natural gas (LNG) prices slipped to a five-month low this week, extending losses that began in...

Published 05 Jan, 2024 04:39pm

Stocks

India’s Nifty begins 2024 with weekly losses as IT drags

BENGALURU: India’s benchmark indexes posted marginal gains on Friday but logged losses for the week, dragged by...

Published 05 Jan, 2024 04:32pm

Commodities

Palm oil gains on expectations of tighter supplies

SINGAPORE: Malaysian palm oil futures rose for a second consecutive session on Friday as investors assessed the...

Published 05 Jan, 2024 04:29pm

Life & Style

Amsterdam ‘fashion library’ takes aim at clothes waste

AMSTERDAM: Ikram Cakir hands over a multi-coloured blue and white blouse and selects a similar item, this time in...

Published 05 Jan, 2024 04:27pm

Bullion Rate

Gold continues losing streak, drops Rs1,200 per tola in Pakistan

Gold extended its losing streak for the third session on Friday, in line with decline in the international rate. The...

Published 05 Jan, 2024 04:25pm

Movies & Music

List of key Golden Globe nominees

LOS ANGELES: Here are the nominees in key categories for the 81st Golden Globe Awards, which will be handed out on...

Published 05 Jan, 2024 03:14pm

Energy

SSGC suspends gas supply to industries, CNG stations in Sindh again

The ongoing gas crisis continued to worsen in Sindh as Sui Southern Gas Company Limited (SSGC) on Friday announced...

Published 05 Jan, 2024 02:55pm

Business & Finance

McDonald’s CEO says several markets in Middle East impacted by conflict

McDonald’s CEO Chris Kempczinski said on Thursday several markets in the Middle East and some outside the region...

Published 05 Jan, 2024 02:49pm

Movies & Music

New-look Golden Globes prepares to toast ‘Barbenheimer’

LOS ANGELES: Organizers of the newly reformed Golden Globes hope that a “Barbenheimer” love-in can help to...

Published 05 Jan, 2024 02:36pm

Forex

Russian rouble firms towards 91 vs dollar in thin holiday trade

MOSCOW: The Russian rouble firmed on Friday, moving towards the 91 mark against the dollar in thin holiday trade,...

Published 05 Jan, 2024 02:33pm

FBR develops new tool for retailers

ISLAMABAD: The Federal Board of Revenue (FBR) has developed a new software for taxation of retailers under the new...

Updated 05 Jan, 2024 02:27pm

PM brings role of SIFC under the Gulf focus

Pakistan desires to expand bilateral cooperation across all spheres, particularly trade and investment, says Caretaker Prime Minister Anwaar-ul-Haq Kakar

Updated 05 Jan, 2024 02:12pm

Stocks

London stocks fall as rate-cut optimism fades; US data in focus

The UK’s FTSE 100 fell on Friday, set to mark losses in the first trading week of 2024, owing to aggressive...

Published 05 Jan, 2024 02:11pm

Technology

Tesla to fix 1.62mn vehicles in China

BEIJING: Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China,...

Published 05 Jan, 2024 02:09pm

Sports

Former Grand Slam champions Azarenka, Rybakina into Brisbane semis

BRISBANE: Former Grand Slam champions Victoria Azarenka and Elena Rybakina reached the semi-finals of the...

Published 05 Jan, 2024 02:06pm

South Asia

Iran lays to rest victims of IS twin bombings

TEHRAN: Iranian President Ebrahim Raisi was in Kerman on Friday, joining mourners for the funerals of the 85 people...

Published 05 Jan, 2024 02:03pm

Stocks

Hong Kong stocks finish week with more losses

HONG KONG: Hong Kong stocks finished a tough week with another loss Friday as 2024 got off to a terrible start for...

Published 05 Jan, 2024 01:59pm

Stocks

European stocks drop at open

LONDON: Europe’s main stock markets lost ground in opening deals on Friday, as cautious investors awaited key US...

Published 05 Jan, 2024 01:57pm

Challenges to SDGs implementation agenda reviewed

ISLAMABAD: The National Economic Council (NEC) Sub-Committee on Sustainable Development Goals (SDGs) emphasised the...

Updated 05 Jan, 2024 01:08pm

Sports

Pakistan wickets tumble after Jamal’s heroics in 3rd Test

SYDNEY: Josh Hazlewood claimed three wickets in an electrifying over to bowl Australia into a potential winning...

Updated 05 Jan, 2024 12:51pm

Mutual Funds

India bond yields see another uptick as rising US peers hurt demand

MUMBAI: Indian government bond yields rose in early trades on Friday, as US Treasury yields continued their reversal...

Published 05 Jan, 2024 12:32pm

Forex

Indian rupee inches up; Asia FX awaits US jobs report to assess Fed outlook

MUMBAI: The Indian rupee was marginally higher on Friday, while its Asian peers were weaker in the lead-up to the...

Published 05 Jan, 2024 12:30pm

Energy

Asia’s LNG imports hit record, but supply surge keeps price muted: Russell

LAUNCESTON: Asia’s imports of liquefied natural gas (LNG) rose to a record in December, but spot prices remained...

Published 05 Jan, 2024 12:24pm

Commodities

Copper edges up as supply headwind counters Fed rate cut outlook

BEIJING: Copper prices edged up on Friday, underpinned by supply concerns of the metal, which offset shifting...

Published 05 Jan, 2024 12:20pm

Business & Finance

Japan to tap $33mn of budget reserves for earthquake response

TOKYO: Japan will tap 4.74 billion yen ($32.7 million) of budget reserves to cover damages from the New Year’s Day...

Published 05 Jan, 2024 12:14pm

Forex

Most Asian currencies subdued ahead of US payrolls data, set for weekly declines

Most Asian currencies were subdued on Friday, and were on track to end the first week of 2024 lower as a rally...

Published 05 Jan, 2024 12:10pm

Middle East

Israel to launch more targeted assault on Hamas, as shelling pounds Gaza refugee camps

CAIRO/GAZA/OCCUPIED JERUSALEM: Israel announced a more targeted approach in hunting down Hamas fighters and their...

Published 05 Jan, 2024 12:07pm

Editorials

Broadening tax net: will FBR win big?

EDITORIAL: For years, FBR (Federal Board of Revenue) has tried and failed to expand the tax base, leading to an...

Updated 05 Jan, 2024 12:02pm

Europe

Italy to put Africa development, AI at heart of its G7 presidency

ROME: Supporting African development and tackling the dangers posed by artificial intelligence (AI) will be two key...

Published 05 Jan, 2024 11:54am

Asia

US readies aid as Japan earthquake death toll nears 100

WAJIMA: The United States said on Friday it is preparing military logistical support and aid for regions in Japan...

Published 05 Jan, 2024 11:51am

South Asia

India sends warship after hijacking of Liberian-flagged vessel in Arabian Sea

NEW DELHI: An Indian Navy warship was moving towards a hijacked Liberian-flagged vessel in the Arabian Sea, and...

Published 05 Jan, 2024 11:47am

Mutual Funds

JGB yields fall as bets of BOJ policy shift fade after quake damage

TOKYO: Japanese government bond yields (JGB) fell on Friday as expectations of an early shift in the Bank of Japan’s...

Published 05 Jan, 2024 11:31am

Sports

Warner ‘pleased and relieved’ after missing Test caps found

SYDNEY: David Warner was reunited on Friday with his missing “baggy green” Test caps after the veteran Australian...

Published 05 Jan, 2024 11:11am

Asia

Plane wreckage being cleared from Tokyo airport after collision

TOKYO: Japanese workers began clearing the burnt wreckage of a passenger jet on Friday, three days after a...

Published 05 Jan, 2024 11:05am

Asia

3 dead, 28 injured in Indonesia train collision: officials

BANDUNG: Three people were killed and at least 28 injured when two trains collided on Indonesia’s main island of...

Published 05 Jan, 2024 11:00am

Sports

‘Insane’ Gauff powers into Auckland semi-finals

AUCKLAND: Coco Gauff continued the ruthless defence of her Auckland Classic title on Friday with a 6-1, 6-1...

Published 05 Jan, 2024 10:55am

Europe

Russia’s Belgorod struck again after schools near border kept shut

KYIV: The Russian city of Belgorod was targeted by another round of Ukrainian shelling late Thursday, officials...

Published 05 Jan, 2024 10:52am

USA

Haley, DeSantis turn fire on Trump in GOP race

LOS ANGELES: Two Republicans jostling for a distant second place behind Donald Trump in their race to be party...

Published 05 Jan, 2024 10:42am

Business & Finance

PM urged to help resolve issues facing Karachi’s industry

ISLAMABAD: Karachi’s business community and industrialists have sought caretaker prime minister’s help for...

Updated 05 Jan, 2024 10:39am

Stocks

Global stocks set to snap 9-week winning streak on Fed repricing

TOKYO: Asian stocks wobbled on Friday, keeping global equities on track to snap a nine-week winning streak, while...

Published 05 Jan, 2024 10:38am

Bullion Rate

Gold set for first weekly fall in four; US jobs data in focus

Gold was headed for its first weekly drop in four on Friday, as reduced bets of an early interest rate cut in the US...

Published 05 Jan, 2024 10:35am

Stocks

Japanese shares rise as automakers gain on weaker yen

TOKYO: Japanese shares rose on Friday as a weaker yen boosted exporters including automakers and financials climbed...

Published 05 Jan, 2024 10:32am

Europe

One dead, several wounded in German hospital fire: police

BERLIN: One person died and several others were wounded in a fire at a hospital in the northern German town of...

Published 05 Jan, 2024 10:27am

Asia

North Korea fires artillery shells near South Korean islands: Seoul

SEOUL: North Korea fired more than 200 artillery shells near two South Korean islands on Friday, Seoul’s defence...

Published 05 Jan, 2024 10:21am

Stocks

Australian shares set for worst week in 2-1/2 months; investors eye CPI data

Australian shares inched higher on Friday, but were poised for their worst week since late October as caution...

Published 05 Jan, 2024 10:04am

Stocks

Indian shares set to open higher, pare weekly losses

BENGALURU: India’s benchmark Nifty 50 index is set to open higher on Friday, on course to erase weekly losses, ahead...

Published 05 Jan, 2024 10:02am

Commodities

Soybeans set for third straight weekly loss on Brazilian rains

SINGAPORE: Chicago soybean futures were little changed on Friday, with the market on track for a third weekly...

Published 05 Jan, 2024 10:00am

Forex

Dollar set for strongest week since July on reduced rate cut bets

SINGAPORE: The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back...

Published 05 Jan, 2024 09:58am

Business & Finance

Gas shortages in Sindh becoming increasingly acute

ISLAMABAD: The gas crisis continued to worsen as the Sui Southern Gas Company Limited (SSGC) was compelled to...

Updated 05 Jan, 2024 09:34am

Price of gas to Fatima, Agritech: Ministry seeks ECC’s approval for upward revision

ISLAMABAD: The Ministry of Energy has sought the approval of the Economic Coordination Committee (ECC) of the...

Updated 05 Jan, 2024 09:22am

Team reaches UAE to remove bottlenecks

ISLAMABAD: Pakistan’s key team comprising caretaker Minister for Commerce and Industries, Gohar Ijaz has reached...

Updated 05 Jan, 2024 09:17am

Mega road network project: Chinese investment dependent on political stability

ISLAMABAD: Chinese companies are interested in investing in mega road network project depending on political...

Updated 05 Jan, 2024 09:14am

Pakistan

Governance, basic services in KP: Senate panel to probe $44m MAGP-II

ISLAMABAD: A Senate panel on Thursday decided to investigate the $44 million Merged Areas Governance Programme...

Updated 05 Jan, 2024 09:13am

BR’s refresher: your morning briefing for the day

Important updates from January 4, 2024

Published 05 Jan, 2024 09:07am

Hydropower, transmission: Major projects face rupee cover issue

ISLAMABAD: Major hydropower and transmission line projects are reportedly facing Rupee cover issues due to less...

Updated 05 Jan, 2024 08:45am

BR Research

Bleeding monsters

The best-performing state-owned power distribution company in Pakistan is loss-making. There are ten of them. There...

Published 05 Jan, 2024 08:39am

BR Research

1HFY24 – Fall in oil sales

The oil sales by the oil marketing sector during the first half of FY24 (1HFY24) witnessed a decline of around 15...

Published 05 Jan, 2024 08:35am

FTO asks FBR not to file writ petitions against its orders

ISLAMABAD: The Federal Tax Ombudsman (FTO) has asked the Federal Board of Revenue (FBR) not to file writ petitions...

Updated 05 Jan, 2024 08:27am

BR Research

Atlas Battery Limited

Atlas Battery Limited (PSX: ATBA) was incorporated in Pakistan as a public limited company in 1966. The company...

Published 05 Jan, 2024 08:24am

World

Death toll rises as bombing of Gaza continues

GAZA STRIP: Israeli bombing killed dozens of people in besieged Gaza, the health ministry of the Hamas-run...