News Archives for Latest - 2024-01-12

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Archive - 2024-01-12

Sports

Jahandad takes 7 wickets in PTV’s win, ton-up Irfan Niazi guides SBP to victory

State Bank of Pakistan (SBP) got over the line against Khan Research Laboratories (KRL) as Irfan Khan Niazi scored...

Published 12 Jan, 2024 11:35pm

Pakistan

General election 2024: PTI reveals candidates for national, provincial assemblies

Yasmin Rashid, Latif Khosa, Murad Saeed, Jamshed Dasti among leaders who got tickets

Published 12 Jan, 2024 11:13pm

World

Gaza hostages to receive medicines: Israel PM office

JERUSALEM: Israel negotiated a deal with Qatar to get medicines through to hostages still being held in the Gaza...

Published 12 Jan, 2024 11:15pm

Pakistan

Shehbaz Sharif withdraws candidacy from Karachi’s NA-242

Pakistan Muslim League-Nawaz (PML-N) on Friday decided that Shehbaz Sharif will not contest elections from Karachi,...

Updated 12 Jan, 2024 10:13pm

Pakistan

PTI’s Shafqat Mahmood withdraws from election

Pakistan Tehreek-e-Insaf (PTI) leader Shafqat Mahmood on Friday announced his withdrawal of candidacy from both...

Updated 12 Jan, 2024 10:11pm

Pakistan

Democracy should be present in both country and political parties: CJP Isa

Chief Justice of Pakistan (CJP) Qazi Faez Isa emphasised on Friday that democracy is a fundamental right, a...

Updated 12 Jan, 2024 10:11pm

USA

US sanctions Hong Kong, UAE firms over Houthi support

WASHINGTON: Washington announced new sanctions Friday on two companies in Hong Kong and the United Arab Emirates,...

Published 12 Jan, 2024 10:05pm

World

US ‘not looking for conflict’ with Iran, White House says

WASHINGTON: The United States does not seek conflict with Iran despite carrying out strikes on Yemen’s Tehran-backed...

Published 12 Jan, 2024 09:45pm

Bullion Rate

Gold price per tola gains Rs200 in Pakistan

Gold rates in Pakistan slightly increased on Friday, in line with an uptick in the international rate. The yellow...

Updated 12 Jan, 2024 08:24pm

Forex

Rupee sees 8th successive session, settles at 280.36 against US dollar

Currency appreciates 0.3% on Friday

Updated 12 Jan, 2024 08:15pm

Energy

Oil rises 3% as some tankers avoid Red Sea after strikes

US and UK strikes add to market concerns about the Israeli aggression in Gaza widening into a broader conflict in the Middle East affecting oil supplies from the region

Updated 12 Jan, 2024 08:10pm

Sports

PSL 9 schedule: League begins on February 17 in Lahore

Final to take place on March 18 at Karachi's National Bank Stadium

Updated 12 Jan, 2024 08:08pm

Stocks

UAE shares dip on escalating Mideast conflict

Stock markets in the United Arab Emirates ended lower on Friday amid rising tensions in the Middle East as the...

Published 12 Jan, 2024 08:04pm

Pakistan

Islamabad Airport: Management of CIP lounge handed over to Serena Hotels

KARACHI: The Islamabad Airport authority has handed over the management of CIP lounge to Serena Hotels. The lounge...

Updated 12 Jan, 2024 08:03pm

Money & Banking

India’s foreign exchange reserves slip from near 22-month highs

MUMBAI: India’s foreign exchange reserves, which had seen a seven-week winning streak, stood at $617.30 billion as...

Published 12 Jan, 2024 07:59pm

Arts

‘Take a Walk on the Art Side’: Dubai Art Season 2024 gets under way

New season to feature Art Dubai, Emirates Airline Festival of Literature and Quoz Arts Fest

Updated 12 Jan, 2024 07:58pm

Stocks

Wall St to open flat as weak bank earnings check inflation data cheer

Wall Street’s main indexes were poised for a subdued open on Friday after a softer-than-expected inflation report...

Published 12 Jan, 2024 07:36pm

Movies & Music

Veteran actor Khalid Butt passes away in Lahore

Veteran Pakistan actor and director Khalid Saleem Butt passed away in Lahore Thursday night at the age of 76,...

Updated 12 Jan, 2024 07:16pm

Pakistan

President Alvi accepts resignation of Justice Ijazul Ahsan

President Dr Arif Alvi accepted on Friday the resignation of Supreme Court’s Justice Ijazul Ahsan who had stepped...

Updated 12 Jan, 2024 07:14pm

Markets

Macroeconomic conditions ‘have generally improved, but outlook remains challenging’, says IMF

Statement comes as Executive Board completes first review of the Stand-By Arrangement for Pakistan

Updated 12 Jan, 2024 07:04pm

Stocks

KSE-100 closes nearly flat on profit-taking

Index settles at 64,637.64, slightly up by 20.7 points or 0.03

Updated 12 Jan, 2024 06:58pm

Middle East

Israel rejects genocide charges, tells World Court it must defend itself

THE HAGUE: Israel on Friday rejected as false and “grossly distorted” accusations brought by South Africa at the...

Updated 12 Jan, 2024 06:57pm

Europe

Four killed as Russia, Ukraine trade attacks

KYIV: Russian shelling on Friday killed two people in the southern Ukrainian city of Kherson, while a drone attack...

Published 12 Jan, 2024 06:41pm

Europe

Erdogan says US, UK strikes in Yemen ‘disproportionate’

ISTANBUL: Turkish President Recep Tayyip Erdogan said on Friday US and British strikes on Yemen’s Houthis were...

Published 12 Jan, 2024 06:34pm

South Asia

Modi says on 11-day fast ahead of divisive temple opening

NEW DELHI: Indian Prime Minister Narendra Modi said Friday he was beginning an 11-day religious fast ahead of a...

Published 12 Jan, 2024 06:25pm

Energy

Global LNG: Asia spot prices fall to 7-month low as stocks remain plentiful

SINGAPORE: Asian spot liquefied natural gas (LNG) prices slid for an eighth consecutive week to hit their lowest...

Published 12 Jan, 2024 05:39pm

Movies & Music

Three-day Karachi Eat Food festival to begin at Beach Park

The popular Karachi Eat Food festival begins Friday, aiming to host over 120 new and returning vendors who will have...

Published 12 Jan, 2024 05:45pm

Middle East

UN deplores Israel’s ‘systematic’ refusal to grant access to north Gaza

GENEVA: The United Nations humanitarian office said on Friday that Israeli authorities were systematically denying...

Published 12 Jan, 2024 05:08pm

Cricket

New Zealand sour Shaheen Afridi’s captaincy debut in Auckland

Shaheen Afridi’s debut as Pakistan’s T20 captain ended in a 46-run defeat against New Zealand in the series opener...

Updated 12 Jan, 2024 05:07pm

Markets

IMF’s first review: proud moment, says Dr Shamshad Akhtar

Caretaker Minister for Finance, Revenue and Economic Affairs, Dr Shamshad Akhtar on Friday termed the successful...

Updated 12 Jan, 2024 05:02pm

Stocks

IT stocks power Indian shares to new highs, weekly gains

BENGALURU: India’s blue-chip indexes hit all-time highs on Friday, and logged weekly gains, led by gains in...

Published 12 Jan, 2024 04:51pm

Commodities

Copper gains restrained by Chinese loan data

LONDON: Copper prices climbed on Friday on expected monetary easing in China, though gains were capped by loan data...

Published 12 Jan, 2024 04:48pm

Commodities

Palm ends higher tracking rival oils, posts weekly gain

JAKARTA: Malaysian palm oil futures closed higher on Friday for the seventh straight session, supported by gains in...

Published 12 Jan, 2024 04:46pm

Stocks

Lucky Core Industries terminates SPA with Lotte Chemical

Company says conditions required for SPA completion could not be met

Published 12 Jan, 2024 03:49pm

Sports

Sadiq latest Nigeria injury casualty ahead of AFCON

ABIDJAN: Nigeria have been dealt a further injury blow ahead of the Africa Cup of Nations finals after striker Umar...

Published 12 Jan, 2024 03:35pm

Sports

Tim Southee hits milestone as New Zealand beat Pakistan in first T20

AUCKLAND: Tim Southee became the first player to 150 wickets in Twenty20 internationals as New Zealand beat Pakistan...

Updated 12 Jan, 2024 03:29pm

Europe

Israel has shown ‘recurring failures’ to uphold international law: UN

GENEVA: The United Nations human rights office said on Friday that Israel had repeatedly failed to uphold...

Published 12 Jan, 2024 03:25pm

Europe

Maersk hopes international interventions, naval presence will allow Red Sea transit to return

COPENHAGEN: Maersk hopes international interventions and a larger naval presence in the Red Sea will eventually lead...

Published 12 Jan, 2024 03:22pm

Business & Finance

Spain’s 12-month inflation falls to 3.1% in December

Spanish national consumer prices rose 3.1% in the 12 months through December, down from a 3.2% increase in the...

Published 12 Jan, 2024 03:20pm

Mutual Funds

Euro zone bond yields dip at end of busy week of issuance

LONDON: Euro zone government bond yields dipped on Friday, as the market celebrated getting through a busy week of...

Published 12 Jan, 2024 03:18pm

Europe

Gaza’s devastated Al-Shifa hospital reestablishes some services: WHO

GENEVA: Gaza’s largest hospital, which has been hard-hit by Israel’s war against Hamas, has partially reestablish...

Published 12 Jan, 2024 03:08pm

Business & Finance

No impact to production from attacks in Red Sea: BMW

BERLIN: BMW said on Friday their supply chain was not affected by the attacks on merchant vessels in the Red Sea,...

Published 12 Jan, 2024 01:47pm

Stocks

London stocks soar on miners, GDP data boost; Burberry sinks

UK stocks rose on Friday amid a broad rally underpinned by gains in precious metal miners tracking gold prices...

Published 12 Jan, 2024 01:39pm

South Asia

Iran condemns ‘arbitrary’ US, UK strikes on Yemen rebels

TEHRAN: Iran on Friday lambasted strikes in Yemen by US and British forces, saying that the attacks against...

Updated 12 Jan, 2024 01:36pm

Business & Finance

UK economy rebounds in November: official data

LONDON: Britain’s recession-threatened economy rebounded in November from the previous month, official data showed...

Published 12 Jan, 2024 01:33pm

Europe

Sunak to visit Kyiv Friday to set out new ‘support package’

LONDON: British Prime Minister Rishi Sunak will visit Kyiv on Friday to launch “a major new package of support” for...

Published 12 Jan, 2024 01:31pm

Stocks

Hong Kong stocks head into weekend with more losses

HONG KONG: Hong Kong stocks closed out the week with more losses Friday as weak data from China added to worries...

Published 12 Jan, 2024 01:28pm

Stocks

European stock markets climb at open

LONDON: European stock markets climbed at the start of trading on Friday despite concerns about stubbornly-high...

Published 12 Jan, 2024 01:26pm

Business & Finance

Turkiye current account turns to $2.7bn deficit in November

ISTANBUL: Turkiye current account balance turned to a larger-than-expected deficit of $2.72 billion in November...

Published 12 Jan, 2024 12:38pm

Business & Finance

Hungary’s December CPI slows down to 5.5% y/y, below forecast

Hungarian headline inflation slowed to an annual +5.5% in December from +7.9% in November, below analysts’...

Published 12 Jan, 2024 12:34pm

Energy

Citi lowers Brent price outlook for 2024 and 2025 on oversupply fears

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but...

Published 12 Jan, 2024 12:30pm

Europe

Russia requests UN Security Council meeting after US and Britain strike Yemen

MOSCOW: Russia said it had requested an urgent meeting of the United Nations Security Council on Friday to discuss...

Published 12 Jan, 2024 12:19pm

Europe

WHO sees ‘incredibly low’ COVID, flu vaccination rates as cases surge

LONDON/CHICAGO: Low vaccination rates against the latest versions of COVID-19 and influenza are putting pressure on...

Published 12 Jan, 2024 12:15pm

Forex

South African rand set to end week steady

JOHANNESBURG: South Africa’s rand was slightly stronger against the dollar early on Friday, but remained rangebound...

Published 12 Jan, 2024 12:10pm

Commodities

China’s 2023 iron ore imports hit a record high on rising demand

BEIJING: China’s iron ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on...

Published 12 Jan, 2024 12:08pm

Business & Finance

UBS nominates Australian banking executive to board

ZURICH: UBS has nominated Australian financial executive Gail Kelly to its board, the Swiss bank said on Friday,...

Published 12 Jan, 2024 12:07pm

Asia

China, Canada to maintain contact over ‘difficult’ relations, ministers say

BEIJING: China and Canada want to maintain contacts to bolster what Beijing called the “current difficult situation”...

Published 12 Jan, 2024 12:05pm

Forex

Asian currencies subdued after US inflation; set for weekly losses

Asian emerging markets currencies languished on Friday as higher-than-expected inflation in the United States failed...

Published 12 Jan, 2024 12:03pm

Technology

Stellantis to invest in French sodium-ion battery maker for EV output

PARIS: Stellantis announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify...

Published 12 Jan, 2024 12:02pm

Commodities

Palm rises on rival oils, lower production data

JAKARTA: Malaysian palm oil futures traded higher on Friday for the seventh straight session, supported by gains in...

Updated 12 Jan, 2024 11:56am

Technology

Tesla drops prices of some new China Model 3 and Model Y cars

SHANGHAI: The price of Tesla’s new China Model 3 dropped to 245,900 yuan, and the price of the Model Y dropped to...

Published 12 Jan, 2024 11:35am

Forex

Australia, NZ dollars bolstered as markets hunger for US, EU rate cuts

SYDNEY: The Australian and New Zealand dollars edged higher on Friday as investors piled into wagers for early and...

Published 12 Jan, 2024 11:33am

Middle East

Aggression widens: US, Britain carry out strikes against Houthis in Yemen, officials say

WASHINGTON/ADEN: The United States and Britain launched strikes from the air and sea against Houthi military targets...

Updated 12 Jan, 2024 11:32am

Stocks

Asian shares cautious as oil jumps on US strikes in Yemen

SYDNEY: Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices...

Published 12 Jan, 2024 11:30am

World

Troops restore order after riots in Papua New Guinea

PORT MORESBY: Troops patrolled the streets of Papua New Guinea’s capital on Friday, under a state of emergency...

Published 12 Jan, 2024 11:23am

Europe

Italy’s Matteo Salvini to take stand in migrant trial

PALERMO: Italy’s deputy prime minister, Matteo Salvini, was on Friday due to testify in a trial over whether he...

Published 12 Jan, 2024 11:18am

Forex

Indian rupee caught between Fed rate cut bets, strong 83/USD resistance

MUMBAI: The Indian rupee is expected to have a choppy session on Friday, caught between bullish expectations of a US...

Published 12 Jan, 2024 11:12am

Sports

Andy Murray welcomes move to limit number of evening matches on tour

MELBOURNE: Andy Murray said on Friday the decision by the ATP and WTA to restrict the number of evening matches at...

Published 12 Jan, 2024 11:10am

Ex-IMF official pinpoints ‘increasing risks’

Says sustained failure of tax reforms for over 30 years led to decline in tax-to-GDP ratio

Updated 12 Jan, 2024 11:05am

Sports

Mothers Wozniacki, Kerber look to get the balance right in Melbourne

MELBOURNE: Caroline Wozniacki and Angelique Kerber have both experienced great triumphs at the Australian Open but...

Published 12 Jan, 2024 11:05am

Mutual Funds

Japan 30-year JGB auction sees average yield at 1.629%; lowest accepted level at 1.649%

TOKYO: Japan’s Ministry of Finance said the yield at an auction of 30-year government bonds on Friday averaged...

Published 12 Jan, 2024 11:02am

Energy

Gail India issues swap tender for Feb-March delivered LNG cargoes

SINGAPORE: GAIL (India) Ltd has issued a swap tender offering two liquefied natural gas (LNG) cargoes for loading in...

Published 12 Jan, 2024 11:00am

Commodities

China’s 2023 coal imports hit record on rising demand, high domestic prices

BEIJING: China’s coal imports surged 61.8% to a record high in 2023, customs data showed on Friday, as demand for...

Published 12 Jan, 2024 10:57am

Forex

China’s yuan steady but soft data keeps stimulus hopes alive

SHANGHAI: China’s yuan was largely flat on Friday as regulators continued to support the currency amid expectations...

Published 12 Jan, 2024 10:54am

Commodities

China 2023 copper imports fall as domestic output rises

BEIJING: China’s copper imports declined 6.3% in 2023, customs data showed on Friday, as domestic production...

Published 12 Jan, 2024 10:53am

Mutual Funds

Indian bond yields flat with focus on debt supply

MUMBAI: Indian government bond yields traded largely unchanged in the early session on Friday as the market focus...

Published 12 Jan, 2024 10:50am

Sports

Naomi Osaka plans to keep busy in 2024 with packed tournament schedule

MELBOURNE: Naomi Osaka said on Friday she has no plans to ease herself back into the tour after returning from a...

Published 12 Jan, 2024 10:47am

Stocks

China and Hong Kong stocks flat on mixed economic data, eyes on policy rate next week

SHANGHAI: China and Hong Kong stocks were roughly flat on Friday on mixed economic data, while the market is...

Published 12 Jan, 2024 10:45am

Commodities

Soybeans head for fourth weekly loss as supply outlook improves

CANBERRA: Chicago soybean futures climbed on Friday ahead of a US government crop data release that could shift the...

Published 12 Jan, 2024 10:42am

Sports

Aryna Sabalenka raring to go at Australian Open despite Brisbane blip

MELBOURNE: Aryna Sabalenka’s Australian Open preparations hit a speed bump with her defeat in Sunday’s Brisbane...

Published 12 Jan, 2024 10:39am

Energy

China’s 2023 crude oil imports hit record as fuel demand recovers

China’s annual crude oil imports hit an all-time high in 2023, customs data showed on Friday, as fuel demand...

Published 12 Jan, 2024 10:35am

World

‘We lost hope’: ravaged Gaza nears 100 days of war

GAZA STRIP: Bombed-out neighbourhoods, mass graves dug in the sand, spreading hunger and disease — as the bloodiest...

Updated 12 Jan, 2024 10:33am

Stocks

Australian shares trade flat as financials drag Jan

Australian shares struggled for momentum on Friday, as losses in financials countered gains in energy and mining...

Published 12 Jan, 2024 10:31am

Stocks

Japan’s Nikkei hits fresh 24-year peak, set for best week in 22 months

TOKYO: Japan’s Nikkei share average reached a fresh 24-year peak on Friday as it headed for its best week since...

Published 12 Jan, 2024 10:26am

Stocks

TCS, Infosys lead rise in Indian shares

BENGALURU: Indian shares opened higher on Friday, led by Tata Consultancy Services and Infosys after the top two...

Published 12 Jan, 2024 10:24am

Companies

MPCL announces gas discovery in North Waziristan

ISLAMABAD: Mari Petroleum Company Limited (MPCL) as the operator of Waziristan Block on Thursday announced a gas...

Updated 12 Jan, 2024 10:24am

Forex

Dollar steady as markets assess higher-than-expected US CPI

TOKYO: The dollar held steady against peer currencies on Friday, as investors weighed higher-than-expected US...

Published 12 Jan, 2024 10:04am

Fast-moving consumer goods: FBR gives deadline for ST digital invoicing

ISLAMABAD: The Federal Board of Revenue (FBR) has given deadline of February 1, 2024 to all importers/ dealers/...

Updated 12 Jan, 2024 09:46am

Nepra approves 2pc transmission losses for STDC

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved 2.0 percent transmission line...

Updated 12 Jan, 2024 09:45am

Cement sector: FBR extends deadline for T&T implementation

ISLAMABAD: The Federal Board of Revenue (FBR) has extended deadline for cement manufacturers to fully implement the...

Updated 12 Jan, 2024 09:44am

Industrial sector: Nine cent energy tariff approved: minister

CAIRO (Egypt): The Apex Committee of the Special Investment Facilitation Council (SIFC) has approved an energy...

Updated 12 Jan, 2024 09:42am

Business & Finance

Forex reserves rise, KIBOR dips

KARACHI: The country’s total liquid foreign exchange reserves increased by $ 36 million during the last week due to...

Updated 12 Jan, 2024 09:41am

Pakistan

Restoration of electoral symbol to PTI: ECP approaches SC against PHC’s decision

ISLAMABAD: The Election Commission of Pakistan (ECP) on Thursday approached the Supreme Court against the Peshawar...

Updated 12 Jan, 2024 09:39am

Pakistan

Pakistan backs South Africa’s case

ISLAMABAD: Pakistan has expressed regret over the unleashing of a Pakistan bashing, jingoistic and militaristic...

Updated 12 Jan, 2024 09:22am

BR Research

Cement: Still leaning on prices

Trailing at a little over Rs1200, by the first week of January, cement price on average this fiscal year (for the...

Published 12 Jan, 2024 09:19am

Pakistan

SC in disarray as senior judge quits?

ISLAMABAD: In an astounding turn of events, another top judge of the Supreme Court, Justice Ijazul Ahsan, on...

Updated 12 Jan, 2024 09:15am

BR Research

On K-Electric agreements

After a Herculean effort, the Government of Pakistan has resolved the legacy challenges of K-Electric. The signing...

Published 12 Jan, 2024 09:15am

TAPI prospects dim as approval of incentives put on ice

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has put approval of incentives for Turkmenistan...

Updated 12 Jan, 2024 09:14am

Turkey, Bulgaria, Romania sign Black Sea demining deal

ISTANBUL: NATO members Turkey, Bulgaria and Romania on Thursday joined forces and signed an agreement on demining...

Updated 12 Jan, 2024 09:13am

BR Research

Azgard Nine Limited

Azgard Nine Limited (PSX: ANL) was incorporated as “Indigo Denim Mills Limited” as a public limited company in...

Published 12 Jan, 2024 09:04am

BR’s refresher: your morning briefing for the day

Important updates from January 11, 2024

Published 12 Jan, 2024 09:03am

Business & Economy

Exporter caution: ‘Pakistan’s ESG compliance can affect GSP-Plus status’

SpectrEco CEO Faraz Khan says exports could take hit unless businesses follow ESGs

Published 12 Jan, 2024 09:00am

Pakistan

DRAP recalls syrup after detection of ‘poisonous impurities’

ISLAMABAD: Following the detection of “poisonous impurities,” the Drug Regulatory Authority of Pakistan (DRAP)...

Published 12 Jan, 2024 04:09am

Opinion

An anatomy of economic clichés/mantras of 2023—I

Last three months of 2023 have witnessed an avalanche of economic annual meetings, conferences, economic fest and...