News Archives for Latest - 2024-01-08

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Archive - 2024-01-08

Travel

Dubai likely to join the ‘100 million passenger club’ in 2024: report

Dubai is one of several cities likely to join the ‘100 million passengers club’ in 2024, reported Khaleej Times on...

Updated 10 Jan, 2024 04:52pm

Cricket

Liyanage 95 gives Sri Lanka hard fought win

COLOMBO: A back to the wall 95 by middle order batsman Janith Liyanage helped Sri Lanka beat Zimbabwe by two wickets...

Updated 08 Jan, 2024 11:15pm

USA

Biden will not fire Pentagon chief Austin, Trump calls for removal

ABOARD AIR FORCE ONE: US President Joe Biden does not plan to fire Defense Secretary Lloyd Austin over his failure...

Published 08 Jan, 2024 11:04pm

Europe

Scholz berates EU allies over ‘insufficient’ military support for Ukraine

BERLIN: German Chancellor Olaf Scholz said on Monday the majority of countries in the European Union were not...

Published 08 Jan, 2024 10:55pm

Europe

French PM Borne resigns, Macron to name new government

PARIS: French Prime Minister Elisabeth Borne resigned on Monday, as President Emmanuel Macron seeks to give a new...

Published 08 Jan, 2024 10:42pm

Business & Economy

PM Kakar orders ‘swift’ action against smuggling of commodities

Caretaker prime minister directs relevant authorities to ensure legal trade and complete documentation in border areas

Updated 08 Jan, 2024 10:44pm

Pakistan

COAS Munir honoured with Bahrain's top military award

Bahrain National Guard Commander thanks Pakistan Army for providing highly professional training

Updated 08 Jan, 2024 10:43pm

Forex

Rupee registers 4th successive gain, settles at 281.28 against US dollar

Currency appreciates 0.04% on Monday

Updated 08 Jan, 2024 10:43pm

South Asia

UN urges Bangladesh to change course after controversial vote

GENEVA: The UN rights chief on Monday condemned the violence and repression during controversial elections in...

Updated 08 Jan, 2024 10:42pm

World

Israel kills a senior Hezbollah commander in Lebanon: sources

BEIRUT: Israel killed a top Hezbollah commander in a strike in south Lebanon on Monday, sources familiar with the...

Published 08 Jan, 2024 10:38pm

Forex

Open-market: rupee ends nearly flat against US dollar

The Pakistani rupee ended almost flat against the US dollar in the open market on Monday, while the local currency...

Updated 08 Jan, 2024 10:35pm

Companies

Kashan Hasan to be FrieslandCampina Engro Pakistan CEO

The Board of Directors of FrieslandCampina Engro Pakistan Limited, a subsidiary of FrieslandCampina Pakistan...

Updated 08 Jan, 2024 10:34pm

Stocks

KSE-100 closes 278 points lower on profit-taking

Despite a bullish start, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed 0.43% lower on Monday as...

Updated 08 Jan, 2024 09:52pm

Energy

Oil falls over 3% as Saudi price cuts add to demand concerns

NEW YORK: Oil prices fell by more than 3% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in...

Updated 08 Jan, 2024 09:42pm

Middle East

Blinken meets Saudi crown prince before heading to Israel

AL-ULA: US Secretary of State Antony Blinken met Monday with Saudi Arabia’s de facto ruler before heading to Israel...

Published 08 Jan, 2024 09:39pm

Pakistan

Schools in Punjab to re-open from January 10: CM Naqvi

Caretaker Chief Minister Mohsin Naqvi announced on Monday that all public and private schools in Punjab will re-open...

Updated 08 Jan, 2024 09:36pm

Pakistan

Supreme Court annuls lifetime disqualification for lawmakers

Verdict comes with 6-1 majority

Updated 08 Jan, 2024 09:35pm

Pakistan

Pakistan rejects designation as ‘country of particular concern’ by US State Department

The Ministry of Foreign Affairs (MoFA) on Monday rejected the designation as “a country of particular concern” by...

Updated 08 Jan, 2024 09:28pm

Middle East

Israel attacks south Gaza as top US diplomat seeks de-escalation

GAZA STRIP: Israel attacked in south Gaza and across its border with Lebanon, the army said Monday ahead of a visit...

Updated 08 Jan, 2024 09:26pm

Forex

Dollar edges lower, traders focus on data for Fed clues

NEW YORK: The dollar dipped against the euro and yen on Monday as investors continued to digest last week’s mixed...

Published 08 Jan, 2024 08:44pm

Commodities

Gold retreats to three-week low in run up to US inflation data

Gold prices fell to a three-week low on Monday, pressured by dollar strength and elevated Treasury yields as...

Published 08 Jan, 2024 08:21pm

Stocks

Dow hits two-week low as Boeing plummets; megacaps lift Nasdaq

Blue-chip index Dow slipped to a fresh two-week low on Monday as Boeing shares nosedived following the grounding of...

Published 08 Jan, 2024 08:18pm

Stocks

Most Gulf markets end higher; Saudi bourse falls

Most stock markets in the Gulf ended higher on Monday as investors looked for more clues to the global monetary...

Published 08 Jan, 2024 06:48pm

Commodities

Soybeans, corn fall as Brazil expected to get more rain

HAMBURG: Chicago soybeans hit their lowest in almost three months on Monday following falls last week, with...

Published 08 Jan, 2024 06:04pm

Europe

Germany ready to sell Eurofighter jets to Saudi Arabia

OCCUPIED JERUSALEM: Chancellor Olaf Scholz’s government on Monday defended plans to lift Germany’s longstanding veto...

Published 08 Jan, 2024 05:55pm

Sports

Mohammad Rizwan named Pakistan T20I vice-captain

The Pakistan Cricket Board (PCB) on Monday named Mohammad Rizwan as the vice-captain of Pakistan Men’s T20I team....

Updated 08 Jan, 2024 05:36pm

Pakistan

Five policemen martyred in Bajaur blast

Officials were deployed for polio duty

Updated 08 Jan, 2024 05:24pm

Middle East

Blinken warns Israel-Hamas war could ‘metastasize’

DOHA: US Secretary of State Antony Blinken warned on Sunday the war in Gaza could spread and threaten security in...

Updated 08 Jan, 2024 05:17pm

Sports

Krejcikova, Badosa crash out in Adelaide first round

ADELAIDE: Former French Open champion Barbora Krejcikova and fifth seed Beatriz Haddad Maia were high-profile...

Published 08 Jan, 2024 05:08pm

Stocks

Stock markets drop as early US rate cut chances recede

LONDON: Stock markets retreated Monday, extending a weak start to the year, after a forecast-busting US jobs report...

Updated 08 Jan, 2024 04:59pm

South Asia

Mercedes lines up new investment and array of cars for India

NEW DELHI: Mercedes Benz will invest $24 million in India this year and launch over a dozen new cars with a focus on...

Published 08 Jan, 2024 04:45pm

Companies

JS Investments Limited launches js Fixed-Term Munafa Fund

JS Investments Limited, the first private sector asset management company of Pakistan, announces the launch of its...

Published 08 Jan, 2024 04:13pm

South Asia

Grand new India temple raises memories of murder

AYODHYA: For many Indians the opening of a grand new temple this month is a long-held dream come true but for...

Updated 08 Jan, 2024 04:06pm

Middle East

Israeli forces kill 10 Palestinians, bomb arms cache in Gaza, military says

JERUSALEM: Israeli forces killed at least 10 Palestinians in the southern Gaza Strip and, in operations in central...

Updated 08 Jan, 2024 04:03pm

Bullion Rate

Gold price per tola falls Rs1,900 in Pakistan

Gold rates in Pakistan witnessed a fall on Monday, in line with a decline in the international rate. The yellow...

Published 08 Jan, 2024 04:02pm

Stocks

Financials, consumer weigh on Indian shares

BENGALURU: India’s two benchmark indexes declined on Monday, dragged by financials and consumer stocks on concerns...

Published 08 Jan, 2024 04:01pm

South Asia

India’s top court overrules early release of 11 in gang rape case

NEW DELHI: India’s top court ruled Monday that 11 murderers convicted of a gang rape that drew global outrage but...

Published 08 Jan, 2024 03:20pm

BR Research

An interview with Dr. Adil Najam, Dean Emeritus at the Frederick S. Pardee School of Global Studies at Boston University

‘Adaptation is the failure of mitigation, but adaption is not the opposite of mitigation’ Dr. Adil Najam is the...

Updated 08 Jan, 2024 03:07pm

Stocks

Hong Kong stocks dive at start of the week

HONG KONG: Hong Kong shares started the week with a hefty loss owing to a sell-off in Chinese tech giants, while...

Published 08 Jan, 2024 03:03pm

Cricket

South Africa’s Klaasen retires from Test cricket

South Africa wicketkeeper-batter Heinrich Klaasen has retired from red ball cricket despite the country’s Test coach...

Published 08 Jan, 2024 02:54pm

Currency

Russian rouble hovers near 91 to dollar in thin holiday trade

MOSCOW: The Russian rouble hovered near the 91 mark to the dollar in light holiday trade on Monday, holding on to...

Published 08 Jan, 2024 02:47pm

Stocks

Major Gulf markets gain in early trade

Major stock markets in the Gulf edged higher in early trade on Monday as investors awaited more clues on global...

Published 08 Jan, 2024 02:42pm

Stocks

Precious metal miners drag FTSE 100 lower

The UK’s FTSE 100 on Monday extended losses from last week as precious metal miners tracked gold prices lower, while...

Published 08 Jan, 2024 02:39pm

Companies

India’s Adani Green plans to redeem $750mn bonds due Sept

MUMBAI: India’s Adani Green Energy Ltd said on Monday it plans to redeem $750 million worth of notes due on Sept. 9,...

Published 08 Jan, 2024 02:37pm

Travel

India-Maldives row escalates, agency suspends flight bookings to islands

COLOMBO/NEW DELHI: One of India’s largest travel platforms suspended flight bookings to the tourism-dependent...

Published 08 Jan, 2024 02:34pm

Europe

Two killed in Russian air strike on Ukraine

KYIV: Russia fired missiles across Ukraine early on Monday in its latest mass air strike, killing at least two...

Published 08 Jan, 2024 02:29pm

Stocks

China stocks hit 5-year lows on Taiwan, US tensions

SHANGHAI: China’s blue-chip index hit a nearly five-year low on Monday, while Hong Kong stocks shed nearly 2% amid...

Updated 08 Jan, 2024 02:15pm

Movies & Music

Stars glitter on Globes red carpet

LOS ANGELES: Hollywood A-listers turned up in force Sunday on the red carpet at the Golden Globes, serving up killer...

Updated 08 Jan, 2024 01:59pm

Stocks

Markets drop as US jobs deal fresh blow to early rate cut hopes

HONG KONG: Asian markets stumbled out of the gates Monday, extending last week’s grim start to the year, after a...

Published 08 Jan, 2024 01:26pm

Reko Diq project: Co asked to share logistic requirements

Company unwilling to use Gwadar Port for the time being

Updated 08 Jan, 2024 01:11pm

Movies & Music

‘Oppenheimer’ tops Golden Globes on bittersweet night for ‘Barbie’

LOS ANGELES: ‘Oppenheimer,’ Christopher Nolan’s drama about the inventor of the atomic bomb, topped the Golden...

Published 08 Jan, 2024 12:36pm

Currency

South African rand starts week slightly weaker

JOHANNESBURG: South Africa’s rand fell slightly early on Monday, as risk appetite was subdued ahead of a key U.S....

Published 08 Jan, 2024 12:32pm

Stocks

South Korean shares track China market slump; won weakens

KOSPI closed down 10.26 points, or 0.40%, at 2,567.82

Updated 08 Jan, 2024 12:19pm

Determination in first arbitration award: SHPL: CPPA-G/ NTDC advised to fulfil payment commitment

ISLAMABAD: The Attorney General Office has advised CPPA-G/NTDC to honour payment of amounts to Star Hydro Power...

Updated 08 Jan, 2024 11:47am

Stocks

Australia shares end at 3-week low as investors await inflation data

Australian shares closed at a three-week low on Monday, with financial and mining stocks being the worst losers, as...

Updated 08 Jan, 2024 11:22am

Money & Banking

South Africa’s net foreign reserves rise to $56.9bn in Dec

JOHANNESBURG: South Africa’s net foreign reserves rose to $56.900 billion at the end of December from $56.319...

Published 08 Jan, 2024 11:19am

South Asia

China says foreign consulting agency head spied for Britain

BEIJING: China’s spy agency said Monday the head of a foreign consultancy had been found to be spying for Britain’s...

Published 08 Jan, 2024 11:07am

Stocks

Asia shares on edge for inflation, earnings reports

SYDNEY: Asian share markets dawdled on Monday as investors braced for U.S. and Chinese inflation data, along with a...

Published 08 Jan, 2024 10:45am

South Asia

Thai PM says central bank rate hikes no good for economy

BANGKOK: Thai Prime Minister Srettha Thavisin said the central bank’s rate increases have not been good at all for...

Published 08 Jan, 2024 10:41am

Currency

Indian rupee may inch up tracking Asia FX following mixed US jobs report

MUMBAI: The Indian rupee is likely to open marginally higher on Monday on the back of an uptick in most Asian...

Published 08 Jan, 2024 10:38am

Markets

India bond yields may rise tracking US peers

MUMBAI: Indian government bond yields are likely to rise in early trading on Monday, mirroring U.S. yields after the...

Published 08 Jan, 2024 10:36am

Money & Banking

Indonesia’s FX reserves rise to $146.4bn at end-December

JAKARTA: Indonesia’s foreign exchange reserves rose by $8.3 billion to $146.4 billion in December due to tax...

Published 08 Jan, 2024 10:30am

Commodities

Iron ore extends losses on contracting demand, steel margins

BEIJING: Iron ore futures prices extended declines for a third consecutive session on Monday as some investors...

Published 08 Jan, 2024 10:26am

Forex

Australia, NZ dollars brace for domestic data after rough week

SYDNEY: The Australian and New Zealand dollars steadied in cautious trade on Monday ahead of retail sales and...

Published 08 Jan, 2024 10:24am

South Asia

Bangladesh PM Hasina secures fourth straight term as expected

DHAKA: Bangladesh Prime Minister Sheikh Hasina swept to a fourth straight term as expected with her party winning an...

Published 08 Jan, 2024 10:20am

Commodities

Gold slides as dollar firms, focus on US inflation data

Gold prices fell on Monday as fading expectations of an early rate cut in the U.S. kept the dollar and bond yields...

Published 08 Jan, 2024 10:14am

Cricket

Rohit and Kohli back in India’s T20 squad ahead of World Cup

NEW DELHI: Regular skipper Rohit Sharma and stalwart Virat Kohli returned to India’s T20 squad after a year’s gap...

Published 08 Jan, 2024 10:10am

Forex

China’s yuan bounces from three-week low, market awaits key economic data

SHANGHAI: China’s yuan on Monday bounced from a more than three-week low against the dollar hit in the previous...

Published 08 Jan, 2024 10:04am

Commodities

Copper dips on steady dollar ahead of US inflation data

BEIJING: Copper opened lower on Monday as the dollar held steady, with investors awaiting a key U.S. inflation...

Published 08 Jan, 2024 10:01am

Commodities

Palm opens higher on support from rival oils

JAKARTA: Malaysian palm oil futures rose on Monday for a third straight session, supported by gains in rival Dalian...

Published 08 Jan, 2024 09:59am

Draft LPG policy aimed at boosting local production finalised

ISLAMABAD: Ministry of Energy (Petroleum Division) has finalised draft of Liquefied Petroleum Gas (LPG) Policy 2024,...

Updated 08 Jan, 2024 09:52am

Stocks

India’s Nifty 50 off to muted start ahead of data, earnings

BENGALURU: India’s benchmark Nifty 50 index opened little changed on Monday in tandem with its Asian peers ahead of...

Published 08 Jan, 2024 09:51am

Forex

Dollar holds ground as US inflation data looms

SINGAPORE: The dollar was steady on Monday ahead of a key U.S. inflation report later in the week for further...

Published 08 Jan, 2024 09:46am

Solar PV panels: FBR accused of compelling importers to quote higher rates

ISLAMABAD: Pakistan Alternative Energy Association (PAEA) has accused Federal Board of Revenue (FBR) of compelling...

Updated 08 Jan, 2024 09:45am

FBR takes action against 93 tax personnel

ISLAMABAD: The Federal Board of Revenue (FBR) has taken disciplinary action against 93 tax officials during 2022-23...

Updated 08 Jan, 2024 09:44am

Another importer booked for duty evasion

ISLAMABAD: The Customs Collectorate SAPT, Karachi has booked another importer on evasion of duty on import of...

Updated 08 Jan, 2024 09:34am

Navy says sea lanes of communication being monitored

ISLAMABAD: Pakistan Navy (PN) is ensuring permanent presence in the Arabian Sea to keep our and international Sea...

Updated 08 Jan, 2024 09:32am

Social media platforms face disruption

ISLAMABAD: Ahead of the virtual fundraising telethon of Pakistan Tehreek-e-Insaf (PTI), social media platforms faced...

Updated 08 Jan, 2024 08:33am

ECP secretary steps down due to ‘health issues’

ISLAMABAD: With general polls a month away, a fresh controversy has hit the already beleaguered electoral body...

Updated 08 Jan, 2024 08:32am

Gaza: 113 more dead as Israel continues bambardment

GAZA STRIP, Palestinian Territories: The Gaza war raged on into a fourth month on Sunday as the Israeli army pounded...

Updated 08 Jan, 2024 08:32am

Jordan urges US to push for ceasefire

AMMAN: Jordan’s king urged the top United States diplomat on Sunday to push for a ceasefire in the Gaza Strip and an...

Updated 08 Jan, 2024 08:32am

BR’s refresher: your morning briefing for the day

Important updates from January 6 and January 7, 2024

Published 08 Jan, 2024 08:29am

BR Research

Cement: Not enough!

Sluggish domestic construction would suggest very little cement is sold in the market. Numbers indicate such an...

Published 08 Jan, 2024 07:42am

BR Research

Working abroad – on the rise

It should not come as a surprise that people in Pakistan, increasingly want to work abroad. The year gone by saw a...

Published 08 Jan, 2024 07:40am

Opinion

Aviation: the rot deepens

PIA’s financial and operational demise is a known fact, and enough is being discussed in media on its ...