News Archives for Latest - 2024-01-18

Pakistan

China says willing to mediate between Pakistan and Iran

Foreign ministry spokeswoman Mao Ning says can play constructive role in de-escalating situation if both sides so wish

Updated 19 Jan, 2024 12:08am

Europe

Russia rejects US arms control talks for now, citing Ukraine

MOSCOW: Russia on Thursday publicly rejected U.S.-Russian arms control talks for now because of U.S. support for...

Published 18 Jan, 2024 11:46pm

World

Israel has destroyed two thirds of Hamas regiments, Netanyahu says

JERUSALEM: Israel has destroyed around two thirds of Hamas’ fighting regiments in Gaza, Israeli Prime Minister...

Published 18 Jan, 2024 10:59pm

Pakistan

‘Marg Bar Sarmachar’: Pakistan’s strikes inside Iran kill ‘several terrorists’

Military strikes in Iran's Siestan-o-Baluchistan province come a day after Iran’s violation of its airspace which killed two children and injured three girls

Updated 18 Jan, 2024 10:55pm

Pakistan

ISPR gives detailed account of strikes in Iran, says ‘dialogue and cooperation prudent’

Pakistan's armed forces remain in a perpetual state of readiness to ensure the safety of Pakistan citizens against acts of terrorism, says the military's media wing

Updated 18 Jan, 2024 10:48pm

Pakistan

Iran summons Pakistan's chargé d'affaires to protest air strike

The summon comes after Pakistan undertook a series of highly coordinated and specifically targeted precision military strikes on terrorist hideouts in Siestan-o-Baluchistan province of Iran

Updated 18 Jan, 2024 10:47pm

Forex

Pakistan’s central bank reserves decrease $127mn, now stand at $8.03bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $127 million on a weekly basis,...

Updated 18 Jan, 2024 10:46pm

Stocks

Stocks plummet at PSX as Pakistan-Iran tensions take toll

Escalating regional tension took their toll on investor sentiment at the Pakistan Stock Exchange (PSX) as the...

Updated 18 Jan, 2024 10:43pm

World

Biden says Iran-Pakistan clash shows Iran is not ‘well-liked’ in region

WASHINGTON: US President Joe Biden said on Thursday that the clashes between Iran and Pakistan this week show that...

Published 18 Jan, 2024 10:36pm

Business & Economy

IMF debt dilemma looms after Pakistan election: Dr Reza Baqir

LONDON: The International Monetary Fund (IMF) faces tough choices on how to deal with Pakistan after the February...

Updated 18 Jan, 2024 10:34pm

Pakistan

EU expresses ‘utmost concern’, Russia urges ‘maximum restraint’ over Pakistan, Iran attacks

BRUSSELS/MOSCOW: The European Union on Thursday said it was deeply worried about the “spiral of violence in the...

Updated 18 Jan, 2024 10:34pm

Pakistan

PEMRA asks TV channels to cover Pakistan-Iran tensions with ‘utmost care’

Notification says programming heads and their respective teams should be sensitised to verify every piece of information

Updated 18 Jan, 2024 09:57pm

Business & Economy

Pakistan, Dubai ink over $3bn investment pact at Davos

Authorities sign agreements to strengthen relations in the marine and logistics sectors

Updated 18 Jan, 2024 09:56pm

Cricket

Sri Lanka clinch T20 series after record low Zimbabwe total

COLOMBO: Wanindu Hasaranga’s bottom-order demolition eased Sri Lanka to a 2-1 series win against Zimbabwe Thursday...

Published 18 Jan, 2024 09:01pm

Middle East

Saudi Arabia still considering BRICS membership

DAVOS: Saudi Arabia is still considering an invitation to become a member of the BRICS bloc of countries after being...

Published 18 Jan, 2024 09:04pm

Pakistan

CAA sanctions 2 airlines for ‘exceeding flight delays, violating passenger rights’

The Pakistan Civil Aviation Authority on Thursday said that it has issued Serene Air and Air Blue with show cause...

Published 18 Jan, 2024 08:52pm

Stocks

US stocks open mixed as jobless claims fall

NEW YORK: Wall Street stocks generally rose early Thursday, even as fresh data signaled that the labor market may be...

Published 18 Jan, 2024 08:17pm

South Asia

Indian Navy picks up crew after ship hit off Yemen coast

NEW DELHI/WASHINGTON: The Indian Navy said on Thursday it had rescued the crew of a US-owned vessel in the Gulf of...

Published 18 Jan, 2024 07:48pm

Sports

Former Pakistan team director Mickey Arthur resigns after portfolio change

Former Pakistan team director, Mickey Arthur, and ex-batting coach Andrew Puttick, who were assigned duties at the...

Published 18 Jan, 2024 07:42pm

Stocks

Most Gulf bourses end lower on rate cut jitters

Most stock markets in the Gulf ended lower on Thursday after U.S. economic data indicated that the rate easing cycle...

Published 18 Jan, 2024 07:11pm

Europe

Russia says captured small village in east Ukraine

MOSCOW: Russia’s defence ministry said Thursday its forces had captured a small village in eastern Ukraine, as both...

Published 18 Jan, 2024 07:07pm

South Asia

Indian workers seek jobs in Israel, undeterred by conflict

ROHTAK: Thousands of men queued in India’s northern state of Harayana during a recruitment drive to send workers to...

Published 18 Jan, 2024 07:04pm

USA

US weekly jobless claims fall to level last seen in Sept 2022

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell last week to the lowest level...

Published 18 Jan, 2024 06:51pm

Commodities

Asia rice: Waning supplies prop up India rates to 4-month peak, Thai prices rise

Prices of parboiled rice exported from top hub India jumped to their highest level in four months this week, while...

Published 18 Jan, 2024 06:42pm

Luxury

Top UK Rolex retailer cuts forecast as luxury shopping dips

Watches of Switzerland Group – the top seller of Rolex watches in the UK – cut its sales and growth forecasts,...

Published 18 Jan, 2024 06:37pm

Pakistan

PM Kakar forms 7-member committee to oversee conduct of election

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday formed a high-level committee to ensure smooth conduct of...

Published 18 Jan, 2024 06:36pm

Exchange

Back-to-back gains: rupee settles at 279.98 against US dollar

Gains Re0.12 in inter-bank market on Thursday

Updated 18 Jan, 2024 06:35pm

Middle East

Israel launches interceptor missile at threat over Red Sea

JERUSALEM: An incoming aerial threat over the Red Sea on Thursday prompted Israeli forces to sound sirens in the...

Published 18 Jan, 2024 06:31pm

Commodities

Copper hovers near six-week low on patchy recovery in China

LONDON: Copper prices hovered around a six-week low on Thursday, weighed down by uncertainty over interest rate cuts...

Published 18 Jan, 2024 06:24pm

Middle East

Battle of Khan Younis threatens biggest hospital still working in Gaza

GAZA/DOHA/JERUSALEM: Israeli forces advancing into the southern Gaza Strip’s main city pounded areas near the...

Published 18 Jan, 2024 06:06pm

Sports

Blinkova ousts Rybakina in history-making Australian Open tie-break

MELBOURNE: Unseeded Russian Anna Blinkova dumped world number three Elena Rybakina out of the Australian Open on...

Published 18 Jan, 2024 05:46pm

Stocks

European equities attempt rebound from sharp losses

LONDON: Europe’s major stock markets rose Thursday in choppy trade after a largely upbeat Asian session, as...

Updated 18 Jan, 2024 05:43pm

Arts

At WEF, Sharmeen Obaid-Chinoy urges women to ‘take charge’

Filmmaker Sharmeen Obaid-Chinoy spoke about challenging misogyny, having the courage to fight and opening doors, in...

Published 18 Jan, 2024 05:14pm

Energy

Oil prices rise on strong IEA and OPEC demand estimates

LONDON: Oil prices rose on Thursday as the IEA joined producer group OPEC in forecasting relatively strong growth in...

Updated 18 Jan, 2024 04:55pm

Stocks

Weak earnings, fading US rate cut hopes drag Indian shares

BENGALURU: Indian shares fell on Thursday, as HDFC Bank extended post-earnings decline, while IT stocks came under...

Published 18 Jan, 2024 04:51pm

Stocks

Sri Lanka shares end lower for eighth straight session

BENGALURU: Sri Lankan shares closed lower on Thursday for the eighth straight session, dragged by losses in energy...

Published 18 Jan, 2024 04:49pm

Commodities

Palm ends at nearly two-month peak on robust China demand

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday to their highest closing in nearly two months, buoyed by...

Published 18 Jan, 2024 04:46pm

Pakistan

Dr Amjad Saqib’s vision to eradicate global poverty through microfinance

In the realm of combating global poverty, one name stands out as a symbol of hope and innovation: Dr Amjad Saqib. As...

Published 18 Jan, 2024 03:53pm

Companies

Suzuki Motor Corp decides to buy back PSMC shares at Rs609

Suzuki Motor Corporation (SMC), the parent company of Pak Suzuki Motor Company Limited (PSMC), has decided to...

Updated 18 Jan, 2024 03:31pm

Europe

Russia’s Lavrov to speak at UN Security Council on Middle East peace efforts

MOSCOW: Russian Foreign Minister Sergei Lavrov said on Thursday he would address the United Nations Security Council...

Published 18 Jan, 2024 03:07pm

Energy

IEA raises 2024 oil demand growth forecast again

LONDON: The International Energy Agency (IEA) made a further upward revision to its 2024 oil demand growth forecast...

Published 18 Jan, 2024 03:05pm

Forex

Ugandan shilling stable on NGOs and commodity exporter dollar inflows

KAMPALA: The Ugandan shilling was stable on Thursday, supported by inflows of hard currency from non-governmental...

Published 18 Jan, 2024 02:59pm

Business & Finance

IMF grants Kenya new $941 million loan

NAIROBI: The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help...

Published 18 Jan, 2024 02:55pm

Forex

Russian rouble holds steady around 88 to the dollar

The Russian rouble opened up slightly on Thursday around the 88 to the dollar mark, held up by the traditional low...

Published 18 Jan, 2024 02:41pm

Business & Finance

Citi to cut 20 Asia Pacific equity research jobs

HONG KONG: Citigroup’s is planning to lay off around 20 equity researchers in Asia Pacific as part of its global...

Published 18 Jan, 2024 02:40pm

Stocks

FTSE struggles to shake off gloom, Watches of Switzerland sinks

The UK’s main stock indexes struggled on Thursday to recover from a three-day slump, driven by concerns about...

Published 18 Jan, 2024 02:38pm

Forex

South African rand firms in early trade; mining data in focus

JOHANNESBURG: South Africa’s rand bounced back on Thursday, after weakening over the past three days as investors...

Published 18 Jan, 2024 02:36pm

Business & Finance

UniCredit CEO denies buying shares in Pop Sondrio

MILAN: UniCredit Chief Executive Andrea Orcel on Thursday said his bank was not buying shares in Popolare di...

Published 18 Jan, 2024 02:35pm

Stocks

Major Gulf markets mixed on US interest rate cut jitters

Major stock markets in the Gulf were mixed in early trade on Thursday on expectations the global rate easing cycle...

Published 18 Jan, 2024 02:34pm

Energy

Mideast crude markets look set for further volatility in 2024

SINGAPORE: Middle East oil markets look set for further volatility in 2024, extending heightened volatility last...

Published 18 Jan, 2024 02:33pm

Movies & Music

Donald Glover brings ‘Mr. & Mrs. Smith’ back on the screen

LONDON: The married couple of assassins from the hit movie ‘Mr. & Mrs. Smith’ returns to action in a new TV...

Published 18 Jan, 2024 01:55pm

Luxury

Paris gang arrested over Balmain fashion robbery

BOBIGNY, France: Six people have been arrested over the theft of some 50 items from French luxury brand Balmain last...

Published 18 Jan, 2024 01:44pm

Europe

Ukrainian air force shoots down 22 out of 33 Russian drones overnight, Kyiv says

KYIV: Russia launched 33 drones and two missiles at Ukraine overnight, with air defences destroying 22 drones, the...

Published 18 Jan, 2024 12:42pm

Commodities

Copper rebounds in London as dollar dips

Copper prices in London rebounded on Thursday from a six-week low hit in the previous session as a weaker dollar...

Published 18 Jan, 2024 12:37pm

Companies

EU December car sales down 3.3% y/y as German market slows

New car sales in the European Union declined by 3.3% in December, dragged down by slowing demand in Germany, data...

Published 18 Jan, 2024 12:32pm

Middle East

Israeli forces kill 60 Palestinians in Gaza, military says in ‘daily round-up’

OCCUPIED JERUSALEM: Israeli forces have killed around 60 Palestinians in the Gaza Strip, the military said in a...

Published 18 Jan, 2024 12:21pm

South Asia

India's Akasa Air orders 150 Boeing MAX jets, eyes overseas operations

HYDERABAD: India's Akasa Air said on Thursday it has ordered 150 Boeing 737 MAX narrowbody planes, as the latest...

Published 18 Jan, 2024 12:28pm

Commodities

Bangladesh issues tender to buy 50,000 metric tons wheat

HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of...

Published 18 Jan, 2024 12:24pm

Europe

Maersk says winter weather, Red Sea disruption cause congestion

OSLO: Weather-related disruption at ports in northern Europe and the diversion of vessels away from the Red Sea are...

Published 18 Jan, 2024 12:22pm

Sports

Much-fancied Morocco enjoy strong start at AFCON

ABIDJAN: Shock 2022 World Cup semi-finalists Morocco cruised to a 3-0 win over 10-man Tanzania as they opened their...

Published 18 Jan, 2024 11:51am

Europe

Amnesty urges halt to North Caucasus refugee returns

PARIS: European nations including France should stop sending refugees from the North Caucasus back to Russia as they...

Published 18 Jan, 2024 11:48am

USA

Joe Biden warns Republicans at Ukraine aid talks

WASHINGTON: President Joe Biden warned Republicans Wednesday that blocking vital US military aid for Ukraine...

Published 18 Jan, 2024 11:44am

Stocks

Hong Kong stocks open with small gain

HONG KONG: Hong Kong stocks opened slightly higher Thursday morning but made very little headway into steep losses...

Published 18 Jan, 2024 11:38am

USA

New Hampshire or bust for White House hopeful Nikki Haley

ROCHESTER: Nikki Haley wooed voters in New Hampshire Wednesday as the Republican presidential nomination contest...

Published 18 Jan, 2024 11:34am

Sports

Australia all out for 283 against West Indies

ADELAIDE: Australia were dismissed for 283 midway through the final session on the second day of the opening Test...

Published 18 Jan, 2024 11:29am

Sports

Casper Ruud lives to fight another day after five-set grind at Australian Open

MELBOURNE: Three-time Grand Slam finalist Casper Ruud admitted Thursday he was lucky to still be in the Australian...

Published 18 Jan, 2024 11:24am

Middle East

Hezbollah rejected US overtures, still open to diplomacy to avoid wider war

BEIRUT: Hezbollah has rebuffed Washington’s initial ideas for cooling tit-for-tat fighting with neighbouring Israel,...

Published 18 Jan, 2024 11:18am

Energy

China’s fuel exports fall in December amid tight quotas, higher domestic demand

BEIJING: China’s exports of three major fuel products fell across the board in December from the previous year,...

Published 18 Jan, 2024 11:03am

Stocks

China stocks at 5-year low as weak data, limited stimulus weigh

SHANGHAI: China stocks extended the decline on Thursday, down to their lowest level in nearly five years, as China’s...

Published 18 Jan, 2024 11:01am

Sports

World number one Swiatek survives huge Collins scare

MELBOURNE: World number one Iga Swiatek battled back from two breaks down in the final set to beat Danielle Collins...

Published 18 Jan, 2024 11:00am

Sports

Alexander Zverev battles past qualifier Klein into third round

MELBOURNE: Sixth seed Alexander Zverev survived an almighty scare at the Australian Open on Thursday as the former...

Published 18 Jan, 2024 10:59am

Business & Finance

IMF’s Gopinath warns central banks against fuelling market hopes for rapid interest rate cuts

The International Monetary Fund’s first Deputy Managing Director Gita Gopinath has warned central banks need to move...

Published 18 Jan, 2024 10:56am

Commodities

Palm gains on robust China demand, higher crude oil prices

KUALA LUMPUR: Malaysian palm oil futures rose on Thursday, buoyed by robust demand from key buyer China and firmer...

Published 18 Jan, 2024 10:54am

Technology

Google CEO tells employees to expect more job cuts this year

Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned company this year, The Verge...

Published 18 Jan, 2024 10:41am

Technology

Apple to sell some watches without blood oxygen feature after US court ruling

WASHINGTON/SAN FRANCISCO: Apple said on Wednesday it would remove a blood oxygen monitoring feature from two...

Published 18 Jan, 2024 10:35am

Real Estate

China’s Country Garden nears full exit from Australia with residential project sale

SYDNEY: Indebted Chinese developer Country Garden has agreed to sell a stake in an Australian residential project,...

Published 18 Jan, 2024 10:32am

Technology

Meta’s Sheryl Sandberg to exit board after 12 years

Meta Platforms’ former chief operating officer Sheryl Sandberg plans to step down from her position on the company’s...

Published 18 Jan, 2024 10:30am

Technology

BYD to stop making pouch batteries for its hybrid EVs on leakage concerns

SHANGHAI: China’s BYD plans to end production of the pouch-type batteries used in its best-selling hybrids as the...

Published 18 Jan, 2024 10:26am

Business & Finance

Goodyear to name Stellantis exec Mark Stewart as new CEO

Goodyear Tire & Rubber Co is expected to name Stellantis executive Mark Stewart as its new CEO following a...

Published 18 Jan, 2024 10:23am

Stocks

Asia stocks struggle as China drags, rate cut bets dwindle

SINGAPORE: Asian shares were off to a tepid start on Thursday, weighed down by a murky economic outlook in China and...

Published 18 Jan, 2024 10:18am

Bullion Rate

Gold ticks up as dollar softens, yields fall

Gold prices edged higher on Thursday, helped by a softer US dollar and lower Treasury yields, but hovered near...

Published 18 Jan, 2024 10:10am

Forex

Australia, NZ dollars hold near multi-week lows, jobs data disappoints

SYDNEY: The Australian and New Zealand dollars huddled near multi-week lows on Thursday as markets pared back bets...

Published 18 Jan, 2024 10:07am

330MW Thar coal-fired project: PPIB to conduct ICB for sale of power to KE sans GoP guarantee

ISLAMABAD: Private Power and Infrastructure Board (PPIB) has decided to conduct International Competitive Bidding...

Updated 18 Jan, 2024 10:05am

Rs55bn payment to SECMC: PD not paying heed to PMO’s and MoF’s dispatches

ISLAMABAD: The Power Division is reportedly not paying heed to the Prime Minister’s Office and Finance Ministry on...

Updated 18 Jan, 2024 10:05am

Commodities

Soybeans hover near 2-year low on positive supply outlook

CANBERRA: Chicago soybean futures inched up on Thursday but remained close to two-year lows as traders bet the...

Published 18 Jan, 2024 10:04am

PM says growth ‘will be slow but sustainable’

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday expressed confidence that a stable government would...

Updated 18 Jan, 2024 10:03am

Stocks

Australian shares extend losses as miners drag; jobs data disappoints

Australian shares fell in broad-based selling on Thursday, with heavyweight miners leading losses, while investors...

Published 18 Jan, 2024 10:01am

Stocks

Indian shares open lower, HDFC Bank extends slide

BENGALURU: Indian shares opened lower, led by financials as top private lender HDFC Bank extended its post-earnings...

Published 18 Jan, 2024 09:58am

Stocks

Japan’s Nikkei trades higher as weak yen boosts exporters

TOKYO: Japan’s Nikkei share average changed course to trade higher on Thursday as a weaker yen prompted investors to...

Published 18 Jan, 2024 09:56am

Business & Finance

12 vaccine preventable diseases: ECC approves Rs3.568bn TSG for immunisation

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has approved Rs3.568 billion TSG for...

Updated 18 Jan, 2024 09:53am

Forex

Dollar holds near one-month peak as dovish Fed bets recede

TOKYO: The dollar held close to a one-month peak versus major peers on Thursday after robust US retail sales data...

Published 18 Jan, 2024 09:53am

Chairman tells Senate panel on finance: Govt asked to implement FBR restructuring within 30 days

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana, Wednesday, informed the Senate Standing...

Updated 18 Jan, 2024 09:52am

Pakistan

Iran missile strikes: Pakistan recalls envoy

ISLAMABAD: Pakistan on Wednesday decided to downgrade its diplomatic ties with Iran by recalling its ambassador from...

Updated 18 Jan, 2024 09:32am

Industrialisation: Pakistan needs to be more competitive, attractive: PM

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that Pakistan needed to be more competitive...

Updated 18 Jan, 2024 09:31am

Gohar to discuss prospects of raw sugar import with PSMA

ISLAMABAD: Caretaker Minister for Commerce, Industries and Investment, Gohar Ijaz is to hold a meeting with sugar...

Updated 18 Jan, 2024 09:31am

Business & Finance

PL rate on HOBC fuel kept unchanged

ISLAMABAD: Interim government has kept Petroleum Levy (PL) rate on Hi-Octane blending component (HOBC) fuel...

Updated 18 Jan, 2024 09:30am

Perspectives

Solving the ‘current account deficit’ problem

Pakistan’s current account deficit (CAD) reduced to 1.2% of GDP in FY23 and it is expected to remain at a similar...

Published 18 Jan, 2024 09:30am

Senate panel recommends SOEs bill

ISLAMABAD: Amid the opposition of the Finance Ministry, the Senate Standing Committee on Finance and Revenue...

Updated 18 Jan, 2024 09:29am

Ashgabat: In historic first, shipment under TIR convention cleared

KARACHI: In a historic development, Pakistan Customs in coordination with National Logistic Corporation (NLC)...

Updated 18 Jan, 2024 09:29am

BR Research

Power game: Too costly

December of 2017 had higher electricity generation than December of 2023. It is this bad. The 1HFY24 power...

Published 18 Jan, 2024 09:07am

BR Research

FDI in 1HFY24

The recent data released by the central bank shows that FDI in the country during December 2023 jacked up by 60...

Published 18 Jan, 2024 09:04am

BR Research

Mughal Iron & Steel Industries Limited

Mughal Iron & Steel Industries Limited (PSX: MUGHAL) was incorporated in Pakistan as a public limited company in...

Published 18 Jan, 2024 09:01am

BR’s refresher: your morning briefing for the day

Important updates from January 17, 2024

Published 18 Jan, 2024 08:55am

Commodities

Heat along the Red Sea: Pakistan’s exporters fret over shipments to EU, US

Freight charges more than double as Houthis threat forces ships to take longer route

Published 18 Jan, 2024 08:30am

Opinion

Harnessing tobacco taxation for economic revitalisation

Pakistan faces multifaceted economic challenges; and amidst these, the role of tobacco taxation emerges as a...