News Archives for Latest - 2024-01-15

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Archive - 2024-01-15

Stocks

KSE-100 closes 368 points lower as selling persists

Profit-taking was witnessed at the Pakistan Stock Exchange (PSX) as its benchmark KSE-100 index lost 368 points...

Updated 16 Jan, 2024 09:21am

Business & Economy

Govt slashes petrol price by Rs8 per litre; keeps HSD unchanged

New petrol price will be Rs259.34 per litre

Published 15 Jan, 2024 11:40pm

World

UN chief calls for ‘immediate’ ceasefire in Gaza

UNITED NATIONS: UN Secretary-General Antonio Guterres called Monday for an “immediate humanitarian ceasefire” in the...

Published 15 Jan, 2024 11:47pm

World

Palestinians will govern Gaza after war: Israel defence minister

TEL AVIV: Palestinians will govern the Gaza Strip after the war with Israel ends, Israel’s Defence Minister Yoav...

Published 15 Jan, 2024 11:29pm

Europe

Zelensky asks Swiss to host Ukraine peace summit

SWITZERLAND: Ukrainian President Volodymyr Zelensky on Monday asked Switzerland to hold a high-level peace summit of...

Published 15 Jan, 2024 11:38pm

Sports

President’s Trophy: Umar Amin, Suleman score centuries on opening day of round 6

The sixth round of the President’s Trophy 2023-24 commenced on Monday at three venues in Karachi. WAPDA vs Ghani...

Published 15 Jan, 2024 11:34pm

Middle East

Houthis hit US-owned container ship, no injuries: US

DUBAI: Houthi forces in Yemen struck the US-owned and operated container ship M/V Gibraltar Eagle with an anti-ship...

Updated 15 Jan, 2024 10:52pm

Pakistan

Gohar Khan says PTI won't boycott elections despite SC verdict

PTI leader says the party will issue a list of candidates with their respective electoral symbols within three days

Updated 15 Jan, 2024 10:45pm

Pakistan

Maryam says PTI’s symbol should be watch which Imran Khan ‘stole’

Says 'terrorist party' could not be allotted an electoral symbol

Updated 15 Jan, 2024 10:36pm

Pakistan

PTI withdraws level playing field plea from SC

Pakistan Tehreek-e-Insaf (PTI) withdrew its petition on Monday from the Supreme Court (SC) seeking a level playing...

Updated 15 Jan, 2024 10:29pm

Middle East

China calls for Gaza peace conference; Hamas to disclose fate of Israeli hostages

DOHA/GAZA: China called for a large-scale and authoritative peace conference on the Israeli aggression in Gaza,...

Updated 15 Jan, 2024 10:18pm

Commodities

India has no plans to import wheat for now

NEW DELHI: India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost...

Updated 15 Jan, 2024 10:17pm

Commodities

Gold price per tola increases Rs450 in Pakistan

Gold rates in Pakistan increased on Monday, in line with an uptick in the international rate. The yellow metal was...

Updated 15 Jan, 2024 09:14pm

Markets

RDA: inflow up 17%, clocks in at $160mn in December

Cumulative inflow has crossed $7.2 billion by December-end

Updated 15 Jan, 2024 09:14pm

Pakistan

Lt Gen Hidayat ur Rehman (retd) appointed chief of AJKPSC

The President of Azad Jammu and Kashmir has approved the appointment of Lieutenant General Hidayat ur Rehman (retd)...

Published 15 Jan, 2024 08:47pm

Forex

Rupee inches up for 9th consecutive session, settles at 280.24 against US dollar

Currency appreciates 0.04% in inter-bank market

Updated 15 Jan, 2024 08:43pm

Energy

Oil drops more than 1% despite Middle East conflict

LONDON: Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted...

Updated 15 Jan, 2024 08:39pm

Middle East

Woman killed in Israel suspected ramming attack

RAANANA: A woman was killed and 13 people injured in a suspected car ramming in central Israel, medics said, as...

Published 15 Jan, 2024 07:45pm

South Asia

China-Swiss talks touch on visa-free travel, free trade

GENEVA: China and Switzerland agreed Monday to speed up talks to upgrade their free trade agreement and to simplify...

Published 15 Jan, 2024 07:38pm

Stocks

Stock markets in the Gulf end mixed ahead of earnings season

Stock markets in the Gulf ended mixed on Monday ahead of the usual flurry of quarterly and full-year corporate...

Published 15 Jan, 2024 06:36pm

Commodities

Dollar pressures copper while zinc jumps on smelter shutdown

LONDON: Copper prices came under pressure on Monday as the dollar strengthened and worries about Chinese demand...

Published 15 Jan, 2024 05:49pm

Travel

No snow: Tourists cancel holidays as Indian ski resorts run dry

SRINAGAR, India: A lack of snowfall has led to empty ski resorts and holiday cancellations in the Indian Himalayas,...

Published 15 Jan, 2024 05:19pm

Sports

Murray says ‘definite possibility’ he has played final Australian Open

MELBOURNE: Five-time finalist Andy Murray said Monday there was a “definite possibility” that he has played his...

Published 15 Jan, 2024 05:18pm

Europe

Ukraine airforce says downed two Russian command aircraft

KYIV: Ukraine said on Monday it had downed two Russian military command aircraft over the Azov Sea, saying it had...

Published 15 Jan, 2024 05:14pm

Europe

Russia says sentenced more than 200 Ukrainian POWs

MOSCOW: Russia said Monday it has sentenced more than 200 Ukrainian prisoners of war to lengthy sentences, with some...

Published 15 Jan, 2024 05:06pm

Sports

Raonic retires to put De Minaur through at Australian Open

MELBOURNE: Big-serving Canadian Milos Raonic handed in-form local hope Alex de Minaur an easy passage into the...

Published 15 Jan, 2024 04:59pm

Movies & Music

‘Succession’ set to dominate TV’s delayed Emmys

LOS ANGELES: Postponed by four months because of Hollywood strikes, the Emmy Awards will finally celebrate...

Published 15 Jan, 2024 04:32pm

Stocks

IT powers Indian shares to record highs for second straight session

BENGALURU: India’s blue-chip indexes hit record highs for a second consecutive session on Monday, led by information...

Published 15 Jan, 2024 04:30pm

Commodities

Palm oil closes lower, snapping seven-session gaining streak

KUALA LUMPUR: Malaysian palm oil futures slipped on Monday and snapped a seven-session gaining streak, pressured by...

Published 15 Jan, 2024 04:25pm

Life & Style

Sparx Smartphone announces Mahira Khan as new brand ambassador for Edge Series

Sparx Smartphone, powered by Deploy Group, a leading innovator in the mobile technology sector, is thrilled to...

Published 15 Jan, 2024 03:29pm

Europe

UK to ‘wait and see’ on possible further strikes against Houthis, says defence minister

LONDON: Britain will “wait and see” before deciding to launch fresh military strikes against the Iran-aligned...

Published 15 Jan, 2024 03:27pm

Companies

Haier brand seminar 2024: transformation, localization, digitalisation

As we step into a new year, Haier astound with its annual event Haier Brand Seminar 2024. This year’s seminar...

Published 15 Jan, 2024 03:25pm

Stocks

Key Gulf markets gain ahead of earnings season

Most major stock markets in the Gulf edged higher in early trading on Monday ahead of the usual flurry of quarterly...

Published 15 Jan, 2024 03:20pm

Technology

Apple offers iPhone 15 at rare discount in China as competition intensifies

HONG KONG: Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan...

Published 15 Jan, 2024 03:18pm

Stocks

European equities inch higher on rate cut hopes

European shares edged higher on Monday as investors remained upbeat about rate cut prospects from the US Federal...

Published 15 Jan, 2024 03:16pm

Business & Finance

Turkiye 2023 budget deficit 1.37 trillion lira

ISTANBUL: The Turkiye budget showed a deficit of 1.375 trillion lira ($45.7 billion) in 2023, with the primary...

Published 15 Jan, 2024 03:15pm

Business & Finance

QatarEnergy pauses LNG shipments through Red Sea, seeking security advice

DOHA/SINGAPORE: QatarEnergy, one of the world’s largest exporters of liquefied natural gas, has stopped sending...

Published 15 Jan, 2024 03:13pm

Europe

Kremlin hails North Korea as ‘our partner’ as foreign minister visits

MOSCOW: The Kremlin on Monday said that Russia was developing relations with “our partner” North Korea in all areas....

Published 15 Jan, 2024 03:12pm

Forex

Ugandan shilling a notch weaker on uptick in importer demand

KAMPALA: The Ugandan shilling traded slightly weaker on Monday, as an uptick in demand for dollars from merchandise...

Published 15 Jan, 2024 03:11pm

Business & Finance

IMF board set to approve $600mn loan for Ghana on Friday

LONDON/ACCRA: The International Monetary Fund (IMF) executive board is due to meet on Friday to approve a $600...

Published 15 Jan, 2024 03:08pm

Business & Finance

Artificial heart maker Carmat misses 2023 revenue target

PARIS: French artificial heart maker Carmat reported full year revenue of 2.8 million euros ($3 million), missing...

Published 15 Jan, 2024 03:06pm

Forex

Kenyan shilling slips on FX demand from importers, manufacturers

Kenya’s shilling weakened on Monday as demand for dollars from importers and manufacturers weighed on the currency,...

Published 15 Jan, 2024 03:03pm

Stocks

London stocks kick start the week higher on rising Fed cut bets

UK shares started the week on a positive note on rising bets that the US Federal Reserve will start cutting rates as...

Published 15 Jan, 2024 03:02pm

Luxury

Between the office and nature for Prada’s winter menswear

MILAN: The contrast between office life and the change of scenery provided by nature is the leitmotiv of the new...

Published 15 Jan, 2024 02:56pm

Movies & Music

‘Mean Girls,’ back in school, top N.America box office

LOS ANGELES: Paramount’s new musical version of ‘Mean Girls’ bullied its way to the top of the North American box...

Published 15 Jan, 2024 02:32pm

Energy

China’s record crude, coal, iron ore imports don’t tell the whole story: Russell

LAUNCESTON: China’s imports of crude oil, coal and iron ore all soared to record highs in 2023, but this seemingly...

Published 15 Jan, 2024 02:13pm

Sports

Man Utd boss Ten Hag hopes Hojlund-Rashford partnership will flourish

Rasmus Hojlund and Marcus Rashford are beginning to display signs of a potent partnership, Manchester United manager...

Published 15 Jan, 2024 02:11pm

Business & Finance

Indonesia 2023 exports fell 11.33%

JAKARTA: Indonesia recorded an 11.33% drop in exports for all of 2023, even though the decline in December was less...

Published 15 Jan, 2024 02:09pm

Stocks

China stocks wobble after central bank keeps medium-term rate unchanged

SHANGHAI: China stocks and bonds struggled for direction on Monday after the central bank surprised markets by...

Published 15 Jan, 2024 02:08pm

Forex

Taiwan dollar falls after election; Thai baht rises most since December

The Taiwan dollar fell to more than a three-week low on Monday even as equities ticked higher after the country’s...

Published 15 Jan, 2024 02:07pm

Mutual Funds

JGB yields decline, 2-year below zero for first time since July

TOKYO: Japanese government yields ticked down on Monday, with the two-year yield dropping below zero for the first...

Published 15 Jan, 2024 02:05pm

Commodities

China’s 2023 steel output likely reached 1.02bn tons

BEIJING: China likely produced around 1.02 billion metric tons of crude steel last year, a state-backed steel...

Published 15 Jan, 2024 02:04pm

Companies

Boeing 737 MAX deliveries to China face fresh delay after Alaska incident

Boeing faces a fresh delay in the resumption of deliveries of 737 MAX jets to China after the mid-air blowout of a...

Published 15 Jan, 2024 01:36pm

Commodities

Palm oil slips on demand concerns in key importers

KUALA LUMPUR: Malaysian palm oil futures slipped on Monday and were set to snap a seven-session gaining streak,...

Published 15 Jan, 2024 12:24pm

Commodities

London copper prices steady as US dollar weakens

BEIJING: London copper prices were steady on Monday as the US dollar weakened, while investors gauged demand outlook...

Published 15 Jan, 2024 12:21pm

South Asia

Dense fog disrupts flights, trains in India’s capital

Flight and train services were disrupted in India’s capital New Delhi for the second day running on Monday, as dense...

Published 15 Jan, 2024 12:13pm

Sports

Mohamed Salah rescues Egypt as Nigeria draw and Ghana lose at Cup of Nations

ABIDJAN: Mohamed Salah saved Egypt from an embarrassing defeat in their opening game at the Africa Cup of Nations on...

Published 15 Jan, 2024 12:07pm

Business & Finance

China 2023 economic growth tipped to be weakest in decades

BEIJING: China’s economy likely grew at its weakest annual rate for more than three decades in 2023, data is...

Published 15 Jan, 2024 12:03pm

Europe

Reunion Island on highest alert as major storm hits

SAINT-DENIS DE LA REUNION: Hundreds of thousands of people on France’s Reunion Island were confined to their homes...

Published 15 Jan, 2024 12:00pm

Business & Finance

Saudi Arabia inflation eases to 1.5% in December

DUBAI: Saudi Arabia’s annual inflation rate eased to 1.5% in December, from 1.7% the previous month, government data...

Published 15 Jan, 2024 11:54am

Sports

Cramps and tears as Medvedev beats brutal heat at Australian Open

MELBOURNE: Frenchman Terence Atmane smashed his racquet, served underarm and retired in tears as he dealt with...

Published 15 Jan, 2024 11:34am

Asia

North Korea says it test-fired hypersonic missile

SEOUL: North Korea said Monday it had successfully test-fired a new ballistic missile tipped with a hypersonic...

Published 15 Jan, 2024 11:31am

USA

Colombia landslide death toll rises to 36

CARMEN DE ATRATO: The death toll from recent landslides in northwestern Colombia rose to 36, according to an...

Published 15 Jan, 2024 11:27am

World

IMF chief says AI holds risks, ‘tremendous opportunity’ for global economy

WASHINGTON: Artificial intelligence poses risks to job security around the world but also offers a “tremendous...

Published 15 Jan, 2024 11:23am

Stocks

Hong Kong stocks open with small gain

HONG KONG: Hong Kong stocks edged slightly higher at the open Monday after data showing the US producer price index...

Published 15 Jan, 2024 11:14am

Sports

Gauff powers through at Australian Open ahead of Osaka comeback

MELBOURNE: US Open champion Coco Gauff swept into the Australian Open second round on Monday but Wimbledon winner...

Published 15 Jan, 2024 11:11am

Sports

Injured Williamson set to miss remainder of Pakistan series

WELLINGTON: New Zealand captain Kane Williamson, who suffered a hamstring injury in the second Twenty20 against...

Published 15 Jan, 2024 11:07am

Stocks

Asian stocks edge up after US inflation data, oil flat

HONG KONG: Asian markets rose Monday as traders weighed US inflation data that revived hopes for an early interest...

Published 15 Jan, 2024 11:03am

Pakistan

4th consignment of relief goods sent for people of Gaza

ISLAMABAD: Fourth consignment from Pakistan consisting of 20 tons of medical and food items reached Jordan....

Updated 15 Jan, 2024 11:03am

Asia

Russia welcomes North Korean foreign minister for talks on deepening ties

SEOUL: North Korean Foreign Minister Choe Son Hui is due in Russia on Monday for talks with her counterpart, Sergei...

Published 15 Jan, 2024 10:51am

Forex

China’s yuan bounces from one-month low, policy lending rate held

SHANGHAI: China’s yuan weakened to a one-month low against the dollar on Monday but managed to bounce back by...

Published 15 Jan, 2024 10:45am

Forex

Australia, NZ dollars yawn at China rate hold, liquidity thin

SYDNEY: The Australian and New Zealand dollars were rangebound in thin liquidity on Monday as traders await the next...

Published 15 Jan, 2024 10:43am

Mutual Funds

India 10-year bond yield hits 4-month low on easing inflation outlook

MUMBAI: India’s 10-year government bond yield declined in early trade on Monday, falling below the critical 7.15%...

Published 15 Jan, 2024 10:40am

Forex

Indian rupee poised to extend rally on speculative, debt flows

MUMBAI: The Indian rupee is likely to open higher on Monday, on bets chasing the currency rally on the currency and...

Published 15 Jan, 2024 10:36am

Bullion Rate

Gold extends gains as Middle East turmoil lifts appeal

Gold prices climbed for a third straight session on Monday, as bullion held onto safe-haven gains from elevated...

Published 15 Jan, 2024 10:34am

Stocks

Japan’s Nikkei marks fresh 34-year peak as shippers, banks gain

TOKYO: Japan’s Nikkei share average rose to a 34-year peak on Monday, with the latest leg higher powered by gains...

Published 15 Jan, 2024 10:30am

Stocks

Australian shares tick lower as miners weigh; Dec jobs data in focus

Australian shares inched lower on Monday, with miners declining the most on China demand worries, while traders...

Published 15 Jan, 2024 10:25am

Europe

Ukraine launches missile attack on Russia’s Kursk

Russian air defence systems destroyed three Ukraine-launched Tochka-U missiles over southwest Russia’s Kursk region...

Published 15 Jan, 2024 10:18am

Stocks

Post earnings IT rally powers Indian shares to record highs

BENGALURU: India’s main indexes hit record highs for the second consecutive session on Monday, boosted by...

Published 15 Jan, 2024 10:15am

Business & Finance

Turkiye central bank ready to take action if needed

ANKARA: Turkiye central bank Governor Hafize Gaye Erkan said at an investor meeting late last week that the bank is...

Published 15 Jan, 2024 10:14am

Forex

Dollar wobbles; yuan on guard ahead of China data dump

SINGAPORE: The dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while...

Published 15 Jan, 2024 10:11am

Imported urea fertiliser: Hike in basket price approved by ECC

Economic Coordination Committee of the Cabinet approves increase in basket price of 220,000 MT imported urea fertiliser

Updated 15 Jan, 2024 10:03am

Polls shall be held on Feb 8: minister

LAHORE: Caretaker Federal Minister for Information, Broadcasting and Parliamentary Affairs Murtaza Solangi while...

Updated 15 Jan, 2024 09:55am

ECP allots separate electoral symbols to ‘PTI candidates’

ISLAMABAD: The Election Commission of Pakistan (ECP) has allotted separate electoral symbols to the Pakistan...

Updated 15 Jan, 2024 09:54am

FBR ‘revamp plan’: Will caretakers be able to deal with legislative issues?

ISLAMABAD: The proposed Customs Oversight Board and Inland Revenue Oversight Board each would comprise 10 members...

Updated 15 Jan, 2024 09:53am

Cut in import bill: Need for promoting cultivation of palm oil plants stressed

KARACHI: Pakistan has become the third largest edible oil importer in the world after China and India as the per...

Updated 15 Jan, 2024 09:38am

Private sector’s participation: Privatisation ministry, Power Div lock horns over Discos’ operations

ISLAMABAD: Ministry of Privatisation and Power Division have reportedly locked horns on proposed plan of private...

Updated 15 Jan, 2024 09:16am

Rs42bn revenue target set for KPRA

PESHAWAR: The Policy Board of Khyber Pakhtunkhwa Revenue Authority (KPRA) has approved the revised budget of the...

Updated 15 Jan, 2024 09:15am

Pakistan

Seeking poll postponement: Third resolution lands in Senate

ISLAMABAD: Yet another resolution for a delay in February 8 general polls landed in the Senate on Sunday, seeking...

Updated 15 Jan, 2024 09:14am

UN says Gaza war ‘staining humanity’

GAZA STRIP, Palestinian Territories: The United Nations said on Saturday the Gaza war was “staining humanity” on the...

Updated 15 Jan, 2024 09:14am

BR’s refresher: your morning briefing for the day

Important updates from January 13 and January 14, 2024

Published 15 Jan, 2024 09:13am

Pakistan

WEF moot PM reaches Switzerland

ZURICH: Caretaker Prime Minister (PM) Anwaarul Haq Kakar on Sunday landed in Davos, Switzerland to participate in...

Updated 15 Jan, 2024 08:59am

BR Research

Autos’ downward spiral

Very evidently, car buyers have gone into what’s starting to look a lot like a prolonged winter hibernation. In the...

Published 15 Jan, 2024 07:49am

BR Research

Petroleum imports 1HFY24

Unlike the previous years like FY22 when the petroleum imports were rising, FY23 was a year where the oil imports...

Published 15 Jan, 2024 07:47am

BR Research

An interview with Rabel Sadozai, Director Marketing and Sales, Fatima Fertilizer

"Pakistan needs 5 percent consistent annual growth in the agriculture sector" Rabel Sadozai is the first female...

Published 15 Jan, 2024 07:42am

Opinion

A low growth trap: assessing challenges

Over the past two years, the Pakistani economy has weathered a highly turbulent period. Inflation reached...