News Archives for Latest - 2024-01-19

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Archive - 2024-01-19

World

Biden discussed developments in Israel, Gaza with Netanyahu, White House says

WASHINGTON: U.S. President Joe Biden discussed developments in Israel and Gaza with Israeli Prime Minster Benjamin...

Published 19 Jan, 2024 11:02pm

Pakistan

Territorial integrity of Pakistan ‘absolutely inviolable’: NSC

Forum expresses that existing multiple communication channels between Pakistan and Iran should be mutually utilised to address security concerns in larger interest of regional peace and stability

Updated 19 Jan, 2024 10:57pm

Europe

Russia urges Hamas to release hostages

MOSCOW: Russia on Friday urged Hamas to release all hostages during talks with the group in Moscow, saying the...

Published 19 Jan, 2024 10:53pm

Stocks

KSE-100 ends marginally higher after most intra-day gains erased

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed slightly higher on Friday, after profit-taking...

Updated 19 Jan, 2024 10:51pm

Energy

Mari Petroleum successfully drills another appraisal well in Sindh

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully...

Updated 19 Jan, 2024 10:51pm

Pakistan

Ready to work on all issues based on spirit of mutual trust, FM Jilani tells Iranian counterpart

Caretaker foreign minister underscores need for closer cooperation between two countries

Updated 19 Jan, 2024 10:43pm

Markets

Amid economic challenges, experts concerned over Pakistan-Iran tensions

Economic experts have voiced concerns over the dramatic escalation of cross-border tension between Pakistan and...

Updated 19 Jan, 2024 10:42pm

Sports

4-0: New Zealand chase down Pakistan to win fourth T20 international

CHRISTCHURCH: Daryl Mitchell and Glenn Phillips combined to steer New Zealand to a seven-wicket win over Pakistan in...

Updated 19 Jan, 2024 10:41pm

Sports

Zaka Ashraf resigns as PCB’s Interim Management Committee chairman

Chairman of the Pakistan Cricket Board’s (PCB) Interim Management Committee (IMC) Zaka Ashraf has decided to tender...

Published 19 Jan, 2024 10:37pm

World

Three homes destroyed in Israeli strikes on south Lebanon

BEIRUT: Israeli air strikes “completely destroyed” at least three houses in southern Lebanon on Friday, official...

Published 19 Jan, 2024 10:36pm

Commodities

Gold price per tola increases Rs1,300 in Pakistan

Gold rates in Pakistan advanced on Friday, in line with an increase in the international rate. The yellow metal was...

Updated 19 Jan, 2024 10:05pm

Business & Finance

Sri Lanka showing signs of recovery but challenges remain, says IMF

COLOMBO: Sri Lanka’s swift completion of final agreements with official lenders and reaching resolution with...

Updated 19 Jan, 2024 10:05pm

Forex

Rupee records 3rd consecutive gain, settles at 279.9 against US dollar

Gains Re0.08 in inter-bank market on Friday

Updated 19 Jan, 2024 10:03pm

Middle East

Thousands of Gazans likely detained by Israeli forces: UN

GENEVA: Thousands of Gazan men may have been detained by Israeli forces since war erupted on October 7, often facing...

Published 19 Jan, 2024 07:58pm

Europe

EU ministers to meet Israeli, Palestinian top diplomats

BRUSSELS: EU foreign ministers will hold a series of meetings Monday with counterparts from Israel, the Palestinian...

Published 19 Jan, 2024 07:18pm

Middle East

Yemen’s Houthis say they do not seek to expand Red Sea attacks

DUBAI: Yemen’s Houthis have said they did not intend to expand their attacks on shipping in and around the Red Sea...

Published 19 Jan, 2024 06:59pm

Europe

Kremlin says it regrets Argentina’s decision not to join BRICS, hopes it reconsiders

MOSCOW: The Kremlin said on Friday it regretted Argentina’s decision not to join the BRICS bloc of developing...

Published 19 Jan, 2024 06:42pm

Middle East

Israeli minister says deal needed to free hostages, rescue raid unlikely

JERUSALEM: A lightning raid to free Israeli hostages in Gaza is extremely unlikely to succeed and a deal will soon...

Published 19 Jan, 2024 06:34pm

Pakistan

Habib University launches new lecture series

KARACHI: Habib University, a leading liberal arts institution, launched its new lecture series on Reshaping...

Updated 19 Jan, 2024 05:58pm

Life & Style

Coveted Churchill artifacts go on sale in New York

NEW YORK: A treasure trove of Winston Churchill’s possessions including his desk, a holiday painting from a trip to...

Published 19 Jan, 2024 05:24pm

Energy

Oil heads for weekly gain as Middle East tensions support

LONDON: Oil was little changed on Friday and heading for a weekly gain, as Middle East tensions and oil output...

Updated 19 Jan, 2024 05:19pm

Stocks

Sri Lanka shares end lower for ninth straight session

BENGALURU: Sri Lankan shares fell for the ninth consecutive session on Friday, hurt by losses in consumer staples...

Published 19 Jan, 2024 05:19pm

Energy

Global LNG: Asia spot prices slip below $10/mmBtu despite Red Sea tensions

SINGAPORE: Asian spot liquefied natural gas (LNG) prices dipped below $10 per million British thermal units (mmBtu)...

Published 19 Jan, 2024 04:54pm

Commodities

Copper rebounds on technical signals and lower LME stocks

LONDON: Copper prices rose in London on Friday as technical factors and lower available stocks supported recovery...

Published 19 Jan, 2024 05:04pm

Stocks

Toll operator Salik lifts Dubai, Abu Dhabi falls

Dubai stock exchange closed higher on Friday, lifted by a jump in toll operator Salik Company, while the Abu Dhabi...

Published 19 Jan, 2024 05:02pm

Sports

Djokovic finds his groove to down Etcheverry in Melbourne

MELBOURNE: Novak Djokovic finally hit his stride at the Australian Open on Friday as he sent Argentine Tomas...

Published 19 Jan, 2024 04:50pm

Commodities

Asia gold: Price dip fails to attract Indian buyers, Chinese demand up for New Year

Physical gold buying in India was lacklustre this week as a correction in local prices failed to attract consumers,...

Published 19 Jan, 2024 04:47pm

Sports

Salah’s injury must be significant if he needed to go off, says Klopp

It is too early to tell the extent of Mohamed Salah’s injury, Juergen Klopp said on Friday, but the sight of the...

Published 19 Jan, 2024 04:42pm

Stocks

IT bump not enough for Indian shares to shrug off HDFC Bank-led weakness

BENGALURU: Indian IT stocks helped the benchmark indexes close higher on Friday, but not by enough to avoid a weekly...

Published 19 Jan, 2024 04:36pm

Commodities

Palm posts second week of gains on stagnant output, stronger rival oils

KUALA LUMPUR: Malaysian palm oil futures posted a second straight weekly gain on Friday, underpinned by stagnant...

Published 19 Jan, 2024 04:33pm

Pakistan

In phone call with Turkiye counterpart, Pakistan FM says no desire to escalate situation with Iran

Pakistan’s Caretaker Foreign Minister Jalil Jilani said the country has no interest in escalating tensions with...

Updated 19 Jan, 2024 04:22pm

South Asia

Indian devotees splurge on jets, gold idols as controversial Hindu temple opens

AYODHYA: The private jet parking lots at airports near the Indian city of Ayodhya are full and the shops have run...

Published 19 Jan, 2024 03:01pm

Technology

Meta joins rivals in pursuit of human-level AI

SAN FRANCISCO: Meta CEO Mark Zuckerberg on Thursday said his company is joining the pursuit of creating super...

Published 19 Jan, 2024 02:34pm

Stocks

London stocks extend rebound despite bleak retail sales data

London’s blue-chip share index rose on Friday as the sterling came under pressure from much weaker-than-expected...

Published 19 Jan, 2024 02:18pm

Movies & Music

‘Oppenheimer’ leads BAFTA Film Awards nominations

LONDON: Historical drama ‘Oppenheimer’, one of last year’s highest- earning movies, led nominations for the BAFTAs...

Published 19 Jan, 2024 02:06pm

Middle East

Israel bombs Gaza amid disagreements with US over possibility of Palestinian state

GAZA STRIP: Israel bombarded southern Gaza on Friday after it publicly sparred with its main ally the United States...

Updated 19 Jan, 2024 01:51pm

Business & Finance

Indian tycoon Adani bets big on vast solar and wind plant

KHAVDA: Deep in the desert along the border with Pakistan, India’s most controversial billionaire is building the...

Published 19 Jan, 2024 01:50pm

Sports

Teen sensation Andreeva stages Australian Open fightback

MELBOURNE: Teenage giant-killer Mirra Andreeva kept her dream Australian Open run going Friday with a stunning...

Published 19 Jan, 2024 01:45pm

Europe

Russian oil depot on fire after Ukrainian strike: governor

MOSCOW: A fire raged at an oil depot on Friday in the Russian region of Bryansk bordering Ukraine following a drone...

Published 19 Jan, 2024 01:39pm

Stocks

Hong Kong stocks finish with another loss

HONG KONG: Hong Kong stocks ended a dire week with another loss on Friday as worries over China’s economic outlook...

Published 19 Jan, 2024 01:35pm

Stocks

European stocks advance at open

LONDON: Europe’s stock markets rose Friday following an overnight Wall Street rally and after a largely upbeat...

Published 19 Jan, 2024 01:34pm

South Asia

Five people killed in India’s northeastern Manipur

At least five people were killed in the latest violent attacks in India’s troubled north-eastern state of Manipur,...

Published 19 Jan, 2024 12:46pm

Companies

Hyundai Motor’s India arm to invest $722mn in Maharashtra

BENGALURU: Hyundai Motor’s Indian unit on Friday said it would invest 60 billion rupees ($721.73 million) in the...

Published 19 Jan, 2024 12:42pm

Commodities

South Korea’s MFG tenders for up to 70,000 metric tons corn

HAMBURG: South Korea’s Major Feedmill Group (MFG) issued an international tender to purchase up to 70,000 metric...

Published 19 Jan, 2024 12:40pm

Commodities

Ample supply pushes soybeans towards fifth straight weekly loss

CANBERRA: Chicago soybean futures edged higher on Friday, but were on track for a fifth consecutive weekly loss...

Published 19 Jan, 2024 12:27pm

Commodities

Palm firms on stronger rival oils, crude oil weakness limits gains

KUALA LUMPUR: Malaysian palm oil futures rose for a second session on Friday, tracking strength in rival edible...

Published 19 Jan, 2024 12:18pm

Commodities

Copper advances on weaker dollar, but heading for weekly loss

Copper rose on Friday as the dollar retreated, but the metal was headed for a weekly loss on weak Chinese economic...

Published 19 Jan, 2024 12:06pm

Sports

Hazlewood leads Australia to huge win over West Indies

ADELAIDE: Australian Josh Hazlewood produced an inspired spell of seam bowling as Australia crushed the West Indies...

Published 19 Jan, 2024 12:02pm

Europe

Houthi official promises safe passage for Russian, Chinese ships

MOSCOW: A senior Houthi official has promised safe passage for Russian and Chinese vessels through the Red Sea,...

Published 19 Jan, 2024 11:59am

Sports

Coco Gauff waltzes into Australian Open fourth round

MELBOURNE: US Open champion Coco Gauff eased into the fourth round of the Australian Open on Friday, demolishing...

Published 19 Jan, 2024 11:50am

Middle East

Houthis say US ship hit in Gulf of Aden attack

SANAA: Yemen’s Houthi claimed another attack on a US ship early Friday, after the United States launched fresh...

Published 19 Jan, 2024 11:47am

Sports

Australia to monitor Khawaja after blow to jaw in Adelaide

MELBOURNE: Australia opener Usman Khawaja appears doubtful for the second Test against West Indies after sustaining...

Published 19 Jan, 2024 11:13am

Sports

No handshakes as Sabalenka downs Ukraine’s Tsurenko in third round

MELBOURNE: Belarusian Aryna Sabalenka blocked out the political overtones of her third-round match against Ukraine’s...

Published 19 Jan, 2024 11:08am

Bullion Rate

Gold heads for worst weekly fall in six as rate-cut view tempers

Gold prices were headed to mark their biggest weekly drop in six on Friday, driven by a robust dollar and higher...

Published 19 Jan, 2024 11:05am

Forex

China’s yuan set to weaken for a third week against rebounding dollar

SHANGHAI: The yuan was flat on Friday, but the Chinese currency was set to weaken against the dollar for a third...

Published 19 Jan, 2024 10:57am

Sports

New Zealand’s Conway misses T20 match v Pakistan due to COVID

New Zealand opener Devon Conway was ruled out of the fourth T20 International against Pakistan hours before the...

Published 19 Jan, 2024 10:55am

Mutual Funds

India bond yields follow US peers higher before debt auction

MUMBAI: Indian government bond yields rose in the early session on Friday, tracking US Treasury yields, while...

Published 19 Jan, 2024 10:48am

Technology

Amazon’s AWS to invest $15bn to expand cloud computing in Japan

TOKYO: Amazon Web Services (AWS) said on Friday it plans to invest 2.26 trillion yen ($15.24 billion) in Japan by...

Published 19 Jan, 2024 10:44am

Forex

Indian rupee little changed, traders reckon appreciation bias persists

MUMBAI: The Indian rupee was largely flat on Friday, tracking rangebound movement in its Asian peers, with traders...

Published 19 Jan, 2024 10:42am

Stocks

Australian shares snap 5-day losing streak on financials, mining boost

Australian shares snapped a five-day losing streak to rebound on Friday, supported by miners and financials, as...

Published 19 Jan, 2024 10:31am

Stocks

Japanese chip shares’ rally puts Nikkei on track for weekly gain

TOKYO: Japan’s Nikkei share average climbed more than 1% on Friday, lifted by chip-industry stocks, with the...

Published 19 Jan, 2024 10:28am

Stocks

India’s Nifty 50 set to open higher after a three-day drop

BENGALURU: India’s benchmark Nifty 50 index is set to open higher on Friday, after a three-day losing streak,...

Published 19 Jan, 2024 10:26am

Business & Finance

Citigroup lays off more bosses as CEO Fraser addresses managing directors

NEW YORK: Citigroup CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank’s...

Published 19 Jan, 2024 10:24am

USA

Los Angeles Times plans ‘significant’ layoffs, guild says

Los Angeles Times plans to lay off a “significant” number of journalists, the newspaper’s guild said on Thursday,...

Published 19 Jan, 2024 10:21am

Business & Finance

Wells Fargo branch workers in California vote against union

Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday,...

Published 19 Jan, 2024 10:16am

Technology

Spot bitcoin ETFs draw nearly $2 billion in first three days of trading

A new batch of U.S. bitcoin exchange-traded funds has attracted strong investor interest, though it is unclear if...

Published 19 Jan, 2024 10:14am

Technology

Tough luxury market hits Bentley as sales drop 11% in 2023

LONDON: British luxury carmaker Bentley on Friday reported an 11% drop in vehicle sales for 2023 as high-end...

Published 19 Jan, 2024 10:10am

Technology

Dubai’s efforts to boost tech startups ‘exhilarating’, says Pakistani AI firm founder

Not many can say they have had the chance to demonstrate their work to His Highness Sheikh Hamdan bin Mohammed bin...

Updated 19 Jan, 2024 10:08am

Forex

Dollar headed for second weekly gain on tempered rates outlook

SINGAPORE: The dollar headed for a second weekly gain in a row on Friday on signs of resilience in the U.S. economy...

Published 19 Jan, 2024 10:06am

Energy sector: Circular debt jumps to over Rs5.725trn

Minister for Power and Petroleum prepares an innovative plan to reduce circular debt of energy sector

Updated 19 Jan, 2024 10:03am

Forex

Australia, NZ dollars recoup some losses, bonds extend decline

SYDNEY: The Australian and New Zealand dollars finally found some traction on Friday as a bounce on Wall Street...

Published 19 Jan, 2024 10:01am

FBR probe against PSW concludes: No revenue loss in ‘unlawful’ clearance of $847m goods

ISLAMABAD: A fact-finding inquiry of the Federal Board of Revenue (FBR) against Pakistan Single Window (PSW)...

Updated 19 Jan, 2024 10:00am

Muzaffarabad: CCoE may allow ministry to undertake water project

ISLAMABAD: The Cabinet Committee on Energy (CCoE) is likely to allow Ministry of Water and Resources to undertake...

Updated 19 Jan, 2024 09:59am

Stocks

Asian shares bounce on global tech rally, yen loser of the week

SYDNEY: Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the...

Published 19 Jan, 2024 09:59am

Senate panel told: Gwadar Port rail connectivity with ML-1, Quetta enters 2nd phase

ISLAMABAD: A parliamentary panel on Thursday apprised that rail connectivity of Gwadar Port with ML-1 and Quetta...

Updated 19 Jan, 2024 09:58am

PIDE webinar: Economist talks of GDP decline during BJP rule

ISLAMABAD: GDP growth in India in Manmohan Singh government during 2004 to 2013 was as high as 7.8 percent but it...

Updated 19 Jan, 2024 09:39am

Gwadar coal-fired project: Inter-ministerial committee formed to review progress

ISLAMABAD: The government is said to have constituted an inter-ministerial committee to review the progress of the...

Updated 19 Jan, 2024 09:39am

BR Research

Current account: Food and oil to the rescue

The current account is back in surplus after five months as the December 2023 balance of payment clocked in at a...

Published 19 Jan, 2024 09:34am

BR Research

Cement: Staying alert

FY23 wasn’t a great year for the cement industry, whether it was the considerable reduction in offtake, both to...

Published 19 Jan, 2024 09:30am

BR Research

Interview with Bader Ali Habib, Regional Head – Proximity Markets at Dubai’s Department of Economy and Tourism

‘Our commitment is to offer Pakistanis exciting new itineraries’ Bader Ali Habib is a destination marketing expert...

Published 19 Jan, 2024 09:23am

Tax on banks: FBR mulling hiring legal counsel

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to hire expert legal counsel to defend its cases of tax on...

Updated 19 Jan, 2024 09:12am

Vulnerability of economy: Shamshad highlights five critical areas

ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar said on Thursday, that Pakistan’s vulnerability has...

Updated 19 Jan, 2024 09:11am

$5.968bn borrowed from multiple sources during 1HFY

ISLAMABAD: The country borrowed $5.968 billion from multiple financing sources during the first half (July-December)...

Updated 19 Jan, 2024 09:10am

Meeting with trade officials lined up: MoC

ISLAMABAD: The Commerce Ministry Thursday said it is closely monitoring the situation with Iran and in this regard a...

Updated 19 Jan, 2024 09:10am

PM witnesses signing of Pak-Dubai inter-govt framework agreements

DAVOS: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday witnessed the signing of Inter-Governmental...

Updated 19 Jan, 2024 09:09am

BR’s refresher: your morning briefing for the day

Important updates from January 18, 2024

Published 19 Jan, 2024 08:56am

Opinion

Merit alone must prevail

Compromise on merit has hurt us badly. I have had the chance of meeting several senior Defense Officers who rose to...