News Archives for Latest - 2024-01-22

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Archive - 2024-01-22

World

Yemen’s Houthis say they attacked U.S. military cargo ship in Gulf of Aden

CAIRO: Yemen’s Iran-allied Houthi movement said on Monday its forces had launched a missile attack on American...

Updated 22 Jan, 2024 11:50pm

Stocks

Oil and gas sector drives PSX after dull session

Buying interest comes after reports that Pakistan is expected to resolve its circular debt of energy sector crisis

Updated 22 Jan, 2024 10:55pm

Technology

Y Combinator-backed Elevate enters Pakistan, aims to resolve freelancers’ payment woes

Offers services alternative to platforms such as Wise and Payoneer

Updated 22 Jan, 2024 10:52pm

Pakistan

At least 7 terrorists killed in Balochistan intelligence-based operation: ISPR

Pakistani troops effectively surround and engage fleeing terrorists, ISPR statement says

Updated 22 Jan, 2024 10:52pm

World

Israeli forces storm hospital as Khan Younis hit by bloodiest fighting of 2024

At least 25,295 Gazans killed since October 7, health authorities say

Published 22 Jan, 2024 10:44pm

Pakistan

Ram Temple’s construction indicative of growing ‘majoritarianism’ in India: FO

Pakistan condemned on Monday construction and consecration of ‘Ram Temple’ on the site of the demolished Babri...

Updated 22 Jan, 2024 10:42pm

Energy

Oil creeps higher as geopolitics outweigh demand concerns

LONDON: Oil prices edged higher on Monday as traders weighed the impact of wars in the Middle East and Ukraine on...

Updated 22 Jan, 2024 10:41pm

Energy

Shanghai Electric Power extends deadline to acquire K-Electric by 90 days

Shanghai Electric Power Company Limited (SEP) has extended its deadline to acquire 18.3 million ordinary shares i.e....

Updated 22 Jan, 2024 10:29pm

Pakistan

Islamabad police say law & order situation under control

Islamabad Capital City Police Officer (ICCPO) Dr Akbar Nasir Khan on Monday said that security and law and order...

Published 22 Jan, 2024 10:28pm

Pakistan

Iran’s foreign minister to visit Pakistan next week, Islamabad says

Ambassadors of Pakistan, Iran to return back to their posts by Jan 26, says FO

Updated 22 Jan, 2024 10:23pm

South Asia

Half a million Afghans return from Pakistan: IOM

KABUL: More than 500,000 Afghans have left Pakistan in the four months since Islamabad ordered undocumented migrants...

Updated 22 Jan, 2024 10:22pm

Pakistan

Pakistan fully committed to high-quality development of CPEC: President Alvi

Says Pakistan is grateful to China for supporting the country's national development

Updated 22 Jan, 2024 10:20pm

USA

US sanctions airline, Iraq militia leaders after attacks on troops

WASHINGTON: The United States announced sanctions Monday on Iraqi low-cost airline Fly Baghdad, saying it provided...

Published 22 Jan, 2024 09:58pm

Europe

Britain, US unveil new sanctions against ‘Hamas financiers’

LONDON: Britain and the United States unveiled new asset freezes and travel bans Monday on Hamas and Palestinian...

Published 22 Jan, 2024 09:50pm

Sports

Akhlaq’s ton helps WAPDA qualify for President’s Trophy final

Muhammad Akhlaq’s match-winning hundred helped Water and Power Development Authority (WAPDA) race to an exciting...

Published 22 Jan, 2024 08:32pm

Cotton & Textile

APTMA calls for urgent removal of power tariff cross-subsidy

The All Pakistan Textile Mills Association (APTMA), which represents the largest industrial sector of Pakistan, has...

Updated 22 Jan, 2024 08:25pm

Stocks

US stocks add to gains ahead of company earnings reports

NEW YORK: Wall Street stocks built on recent gains early Monday, with the broad-based S&P 500 adding to its...

Published 22 Jan, 2024 08:24pm

Currency

Rupee registers 4th successive gain, settles at 279.85 against US dollar

Gains Re0.05 in inter-bank market on Monday

Updated 22 Jan, 2024 08:17pm

Luxury

2023: Pakistanis remain among top 10 buyers of Dubai property, Indians top list

Indians emerged as the top buyers of Dubai real estate in 2023, while Pakistanis were placed seventh and also...

Updated 22 Jan, 2024 08:08pm

Europe

UK okays essential travel to western Ukraine

LONDON: Britain on Monday updated travel advice to some western Ukraine regions, giving the green light to essential...

Published 22 Jan, 2024 07:28pm

Europe

Polish PM says war in Ukraine fight ‘between good and evil’

KYIV: Poland’s Prime Minister Donald Tusk on Monday said that the war between Ukraine and Russia was a fight...

Published 22 Jan, 2024 07:26pm

Stocks

Gulf markets rise on higher oil prices, Abu Dhabi falls

Stock markets in the Gulf were up on Monday, tracking a surge in global equities amid rising oil prices, while Abu...

Published 22 Jan, 2024 06:54pm

Middle East

Hapag-Lloyd to offer land transit through Saudi Arabia amid Red Sea disruption

BERLIN: German shipping group Hapag-Lloyd will continue to route its vessels around the Cape of Good Hope until...

Published 22 Jan, 2024 06:38pm

Energy

Saudi Arabia’s November crude exports hit 5-month high

Saudi Arabia’s crude oil exports in November climbed to their highest level in five months and marked a third...

Published 22 Jan, 2024 06:32pm

Sports

England spinner Bashir yet to arrive in India after visa issue

NEW DELHI: England arrived in India on Monday without Shoaib Bashir after a visa problem kept the uncapped spinner...

Published 22 Jan, 2024 06:27pm

Sports

Medvedev ‘ready’ to make Australian Open title breakthrough

MELBOURNE: Two-time runner-up Daniil Medvedev said Monday he is good enough to take the next step and go all the way...

Published 22 Jan, 2024 05:58pm

Europe

EU pushes Israel on two-state solution after war in Gaza

BRUSSELS: EU foreign ministers on Monday pressed Israel for an eventual two-state solution with the Palestinians...

Published 22 Jan, 2024 05:54pm

Football

Palestine eye ‘historic’ win to keep Asian Cup hopes alive

DOHA: Forward Tamer Seyam and his teammates “want to make a historic achievement for Palestine” when they face Hong...

Published 22 Jan, 2024 05:48pm

Stocks

Europe stocks advance on record-busting Wall Street

LONDON: Europe’s top stock markets rose Monday as investors eyed a record tech-driven rally on Wall Street before...

Updated 22 Jan, 2024 05:33pm

Sports

China’s Zheng draws on Li Na advice to make Australian Open last eight

MELBOURNE: Zheng Qinwen drew on advice from Chinese great Li Na to match her exploits at the US Open last year by...

Published 22 Jan, 2024 05:29pm

Sports

Red-hot Alcaraz races into Australian Open quarters, Medvedev wins

MELBOURNE: Carlos Alcaraz demolished unseeded Serbian Miomir Kecmanovic to storm into the Australian Open...

Published 22 Jan, 2024 05:26pm

Stocks

Sri Lanka shares end lower as industrials, financials weigh; Dec inflation rises

CSE All Share index settled 0.59% down at 10,371.69

Published 22 Jan, 2024 05:25pm

Perspectives

Turning the table: how I made Rs1,200 from online scammers

Living in Karachi, we have become accustomed to muggers and online schemes trying to steal our money. But recently,...

Published 22 Jan, 2024 05:21pm

Pakistan

Fawad Chaudhry announces ‘complete boycott’ of polls

Former information minister Fawad Chaudhry announced he will boycott the upcoming general elections. His official...

Updated 22 Jan, 2024 04:53pm

Middle East

Relatives of Gaza hostages storm Israeli parliament panel as protests mount

JERUSALEM: A group of relatives of Israelis held hostage by Hamas stormed a parliamentary committee session in...

Published 22 Jan, 2024 04:43pm

Bullion Rate

Gold price per tola decreases Rs600 in Pakistan

Gold rates in Pakistan decreased on Monday, in line with decline in the international rate. The yellow metal was...

Published 22 Jan, 2024 04:34pm

Commodities

Focus on poor demand prospects weighs on copper

LONDON: Copper prices slipped on Monday as the market focused on poor demand prospects, particularly in top consumer...

Published 22 Jan, 2024 04:31pm

Commodities

Palm snaps two-day rally on weaker crude prices

SINGAPORE: Malaysian palm oil futures snapped two consecutive sessions of gains on Monday, weighed down by weakness...

Published 22 Jan, 2024 04:29pm

Sports

Virat Kohli to miss first two Tests v England

India batter Virat Kohli has pulled out of the first two Tests against England citing personal reasons, the Board of...

Published 22 Jan, 2024 03:48pm

Europe

WHO chief worried about missing deadline for pandemic accord

GENEVA: The head of the World Health Organization on Monday voiced concern that countries may miss a May deadline to...

Published 22 Jan, 2024 03:06pm

Europe

Russia’s Kremlin says it had no contact with Trump on Ukraine conflict

MOSCOW: The Kremlin has had no contact with United States presidential candidate Donald Trump on settling the...

Published 22 Jan, 2024 03:04pm

Business & Finance

Sri Lanka inflation rate rises to 4.2% in December

BENGALURU: Sri Lanka’s consumer price inflation rate rose to 4.2% year-on-year in December from 2.8% in November,...

Published 22 Jan, 2024 03:03pm

Middle East

Iran holds funerals for Guards killed in alleged Israeli strike

TEHRAN: Hundreds of mourners gathered Monday in Tehran for the funerals of Revolutionary Guards killed in Syria, in...

Published 22 Jan, 2024 02:48pm

Technology

Fit at 40: the revolutionary Apple Mac in numbers

PARIS: Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC...

Published 22 Jan, 2024 02:38pm

Stocks

SGF to conduct Rs1.5bn equity investment in Service Long March Tyres

The shareholders of Service GlobalFootwear Limited (SGF) have given their approval to the company to make further...

Published 22 Jan, 2024 02:34pm

South Asia

India’s Modi leads consecration of grand Ram temple in Ayodhya

AYODHYA: Indian Prime Minister Narendra Modi led the consecration on Monday of a grand temple to the Hindu god Lord...

Updated 22 Jan, 2024 02:32pm

Stocks

Most Gulf markets rise in early trade

Most stock markets in the Gulf rose in early trade on Monday, tracking global peers, while Abu Dhabi struggled to...

Published 22 Jan, 2024 02:15pm

Europe

EU must work towards two-state solution in Israel, German foreign minister

BRUSSELS: A two-state solution to allow for the peaceful coexistence between Israelis and Palestinians is the ‘only...

Published 22 Jan, 2024 02:13pm

Middle East

Fighter jet breaking sound barrier caused ‘blast’ in Iran’s Semnan province

DUBAI: The cause of a large blast in Iran’s Semnan province was determined as a fighter jet breaking the sound...

Published 22 Jan, 2024 02:11pm

Stocks

London stocks rise tracking Wall Street rally

UK’s main stock indexes climbed on Monday after a record-setting rally on Wall Street in the previous session, which...

Published 22 Jan, 2024 02:09pm

Forex

Russian rouble dips on pent-up forex demand, but taxes may support it

MOSCOW: The Russian rouble opened slightly weaker on Monday as foreign currency supply struggled to meet demand that...

Published 22 Jan, 2024 01:51pm

Energy

UAE ADNOC boosts budget allocation for decarbonization projects to $23bn

DUBAI: UAE’s Abu Dhabi National Oil Company (ADNOC) agreed on Monday to boost its budget allocation for landmark...

Published 22 Jan, 2024 01:50pm

Europe

Poland’s Tusk arrives in Ukrainian capital Kyiv

KYIV: Polish Prime Minister Donald Tusk arrived in Ukraine on Monday, his office said, in a show of support as the...

Published 22 Jan, 2024 01:49pm

Europe

Ukraine says downed eight Russian drones overnight

KYIV: Kyiv said Monday that Russian forces had attacked Ukraine with eight Iranian-designed attack drones but that...

Published 22 Jan, 2024 12:58pm

Business & Finance

ECB to signal no rush to cut interest rates

FRANKFURT: European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they...

Published 22 Jan, 2024 12:56pm

Europe

German train drivers’ union calls six-day strike

FRANKFURT: German train drivers will hold a six-day strike this week, the GDL union said, the longest walkout yet in...

Published 22 Jan, 2024 12:55pm

Sports

Hurkacz powers past French wildcard into Australian Open last eight

MELBOURNE: Big-serving Hubert Hurkacz ended the dream run of French wildcard Arthur Cazaux 7-6 (8/6), 7-6 (7/3), 6-4...

Published 22 Jan, 2024 12:53pm

Business & Finance

OMAP opposes govt decision to grant exclusive rights to import HSD to SOE

LAHORE: In a strongly worded letter addressed to the Secretary of Petroleum, Momin Agha, Chairman of the Oil...

Updated 22 Jan, 2024 12:29pm

Europe

Red Sea crisis seeps into German chemicals sector

FRANKFURT: Germany’s chemicals sector, Europe’s largest, is starting to feel the pinch from delayed shipments via...

Published 22 Jan, 2024 12:18pm

USA

US FAA recommends door plug checks for Boeing 737-900ER jets

WASHINGTON: The US Federal Aviation Administration (FAA) late on Sunday recommended operators of Boeing 737-900ER...

Published 22 Jan, 2024 12:16pm

Forex

China’s yuan holds steady on unchanged lending rates; offshore yuan liquidity tight

SHANGHAI: China’s yuan held steady against the US dollar as the central bank skipped interest rate cuts in its...

Published 22 Jan, 2024 12:14pm

Mutual Funds

JGB yields edge lower as investors await BOJ decision

TOKYO: Japanese government bond (JGB) yields edged lower on Monday as investors moved cautiously ahead of the Bank...

Published 22 Jan, 2024 12:12pm

Commodities

Palm oil snaps two-day rally on weaker crude prices

SINGAPORE: Malaysian palm oil futures snapped two consecutive sessions of gains on Monday, weighed down by weakness...

Published 22 Jan, 2024 12:11pm

Business & Finance

Saudi’s SABIC gives go-ahead for $6.4bn China petrochemical plant

BEIJING: Saudi Basic Industries Corp (SABIC) will go ahead with building a petrochemical complex in southeastern...

Published 22 Jan, 2024 12:09pm

Business & Finance

France’s Credit Agricole reveals 7% stake in Worldline

PARIS: French bank Credit Agricole on Monday disclosed a 7% equity stake it holds in payment services provider...

Published 22 Jan, 2024 12:02pm

Commodities

BHP to suspend some operations at Australian nickel plant from June

MELBOURNE: BHP Group will temporarily shut part of its Kambalda nickel concentrator in Western Australia in June,...

Published 22 Jan, 2024 12:01pm

FIA probing ‘corruption’ in DPP

ISLAMABAD: The Federal Investigation Agency (FIA) is probing top brass of Department of Plant Protection (DPP), an...

Updated 22 Jan, 2024 11:47am

Middle East

Israeli aggression hammers Gaza’s south, hostage families urge Netanyahu to seek deal

Israel aggression has killed at least 25,105 people in Gaza, mostly women and children

Updated 22 Jan, 2024 11:46am

Sports

Mohamed Salah to leave Egypt squad and return to Liverpool for injury rehab

LIVERPOOL: Mohamed Salah will leave the Egypt squad at the Africa Cup of Nations to continue treatment on a...

Published 22 Jan, 2024 11:23am

Sports

‘Too old’ South African Zwane too good for Namibia in AFCON

KORHOGO: Themba Zwane, a 34-year-old once deemed too old for international football, scored twice as South Africa...

Published 22 Jan, 2024 11:20am

Sports

Morocco coach admits to AFCON blunders after DR Congo draw

KORHOGO: Morocco coach Walid Regragui said he blundered as his team drew 1-1 in an Africa Cup of Nations Group F...

Published 22 Jan, 2024 11:17am

Europe

‘The Meg’ shark was actually quite thin, scientists say

PARIS: The prehistoric megalodon is known as one of the most fearsome creatures the world has ever known, a...

Published 22 Jan, 2024 11:09am

Stocks

Hong Kong stocks open slightly higher

HONG KONG: Hong Kong stocks started Monday with a small gain following a record performance on Wall Street fuelled...

Published 22 Jan, 2024 11:03am

Europe

EU foreign ministers to meet Israeli, Palestinian counterparts

BRUSSELS: EU foreign ministers hold separate talks Monday with their Israeli and Palestinian counterparts on the...

Published 22 Jan, 2024 11:02am

Stocks

Most Asian markets rise after Wall St record

HONG KONG: Most Asian markets rose Monday following a record finish on Wall Street, but hopes for an early US...

Published 22 Jan, 2024 10:56am

SIFC orders tax audit of urea cos

A report by caretaker Minister for Power and Petroleum Muhammad Ali says fertiliser companies are making huge profits due to stagnancy in gas prices for the sector

Updated 22 Jan, 2024 10:53am

USA

Dozens arrested in Ecuador after hospital assault

QUITO: Police in violence-plagued Ecuador arrested 68 people Sunday who had attempted to take over a hospital in the...

Published 22 Jan, 2024 10:53am

Africa

Antony Blinken builds US ties with Africa west coast as Sahel concerns grow

ABIDJAN: US Secretary of State Antony Blinken on Monday opens a week-long tour of Africa’s west coast as he seeks to...

Published 22 Jan, 2024 10:49am

Sports

Emotional Svitolina retires injured from Australian Open

MELBOURNE: Elina Svitolina retired in tears from her Australian Open fourth-round match against unseeded Czech...

Published 22 Jan, 2024 10:45am

Business & Finance

Sony ditches tie-up with India’s Zee: reports

TOKYO: Sony is pulling out of a $10 billion merger of its Indian operations with local rival Zee Entertainment,...

Published 22 Jan, 2024 10:16am

Sports

Qualifier Yastremska ousts Azarenka at Australian Open, Alcaraz in action

MELBOURNE: Ukrainian qualifier Dayana Yastremska upset former champion Victoria Azarenka to surge into the...

Published 22 Jan, 2024 10:13am

New fixed income tax for retailers on the cards

ISLAMABAD: The federal and provincial governments will launch a fixed income tax scheme (Tajir Doost) for...

Updated 22 Jan, 2024 10:03am

KSA yet to respond to deferred oil payment request

ISLAMABAD: Saudi Arabia has reportedly not responded to Pakistan’s request to extend purchase of oil on deferred...

Updated 22 Jan, 2024 10:02am

Section 214C of ITO 2001: Whole income tax audit selection process not ultra vires to law: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has declared that the whole income tax audit selection process under...

Updated 22 Jan, 2024 10:02am

Business & Finance

South Korea Jan 1-20 exports fall 1.0% y/y, China-bound shipments up marginally

SEOUL: South Korea’s exports for the first 20 days of January fell 1.0% from the same period the year before,...

Published 22 Jan, 2024 09:46am

Bullion Rate

Gold steadies ahead of key US data

Gold prices steadied on Monday as traders braced for fresh data on US economic growth and the Federal Reserve’s...

Published 22 Jan, 2024 09:38am

USA

Ron DeSantis ends 2024 campaign, endorses Trump over Haley as New Hampshire vote looms

SEABROOK: Florida Governor Ron DeSantis ended his fading presidential campaign on Sunday and endorsed Donald Trump...

Published 22 Jan, 2024 09:33am

Forex

Australia, NZ dollars stem downturn but rate jitters persist

SYDNEY: The Australian and New Zealand dollars steadied on Monday, drawing support from major chart levels as a...

Published 22 Jan, 2024 09:26am

Commodities

Soybeans, corn recover from recent losses on strong demand

SINGAPORE: Chicago soybean and corn futures gained ground on Monday, as short-covering and strong demand for US...

Published 22 Jan, 2024 09:23am

Business & Finance

Japan launches auction for two offshore wind power projects

TOKYO: The Japanese government launched a third major round of auctions on Friday to select operators for two new...

Published 22 Jan, 2024 09:21am

Commodities

Copper rises as softer dollar lends support

Copper advanced on Monday supported by a weaker US dollar, as traders and investors were cautious ahead of a slew of...

Published 22 Jan, 2024 09:17am

Asia

Dozens missing in landslide in southwest China’s Yunnan province

BEIJING: A landslide in a city in the northeast of China’s Yunnan province has left at least 47 people unaccounted...

Published 22 Jan, 2024 09:13am

UN condemns Israel for ‘heartbreaking’ killings in Gaza

KAMPALA: United Nations Secretary-General António Guterres on Sunday denounced Israel for the “heartbreaking” deaths...

Updated 22 Jan, 2024 09:07am

Stocks

Australian shares rise as tech, financials lift sentiment

Australian shares rose on Monday, led by heavyweight financials, while technology stocks emerged as the top...

Published 22 Jan, 2024 09:06am

Stocks

Wall Street record propels Japan’s Nikkei to fresh 34-year peak

TOKYO: Japan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the US S&P 500’s record-high...

Published 22 Jan, 2024 09:01am

Reforms in taxation system demanded

PESHAWAR: Members of the business community demanded reforms in the taxation system, and to bring down the ratio of...

Updated 22 Jan, 2024 08:55am

‘Four survivors’ after Russian jet crashes in Afghan mountains

MOSCOW: Four people survived and two are unaccounted for after a Russian plane crashed in mountainous northeastern...

Updated 22 Jan, 2024 08:55am

Israel OKs plan for Gaza tax funds to be held by Norway

OCCUPIED JERUSALEM: Israel’s cabinet approved a plan for frozen tax funds earmarked for the Hamas-run Gaza Strip to...

Updated 22 Jan, 2024 08:54am

US taking attack on troops at Iraq base ‘extremely seriously’: White House

WASHINGTON: The United States is taking the attack by Iran-backed group on a base hosting US forces in Iraq over the...

Updated 22 Jan, 2024 08:54am

Bilawal urges PTI workers to support his party

LAHORE: Chairman Pakistan Peoples Party Bilawal Bhutto Zardari addressing a public gathering of the party in Lahore...

Updated 22 Jan, 2024 08:54am

Forex

Dollar struggles to retain gains even as March rate cut odds recede

SINGAPORE: The US dollar struggled to keep gains in early Asian trade on Monday as looming central bank decisions in...

Published 22 Jan, 2024 08:53am

BR’s refresher: your morning briefing for the day

Important updates from January 20 and January 21, 2024

Published 22 Jan, 2024 08:52am

BR Research

Gas reforms: Promising but challenging

The International Monetary Fund (IMF)’s much-awaited First Review report was made public last week, and the details...

Published 22 Jan, 2024 07:14am

BR Research

Unwavering smog

The air quality of Punjab and specifically of Lahore has persistently been worst over the last two months. A mixture...

Published 22 Jan, 2024 07:12am

BR Research

Sana Industries Limited

Sana Industries Limited (PSX: SNAI) was incorporated as a public limited company in 1985. The principal activity of...

Published 22 Jan, 2024 07:08am

Opinion

IPO Summit 2024

The following is the full text of the speech of MD and CEO, Pakistan Stock Exchange Farrukh H. Khan that he made at...

Published 22 Jan, 2024 05:37am

Pakistan

The Weather

KARACHI: The weather report on Sunday (January 21, 2024) and the forecast for Monday (January 22, 2024)....

Published 22 Jan, 2024 05:38am

Pakistan

Minister says Baloch protesters are ‘security risk’

QUETTA: Calling families of Baloch missing persons presently holding a sit-in in Islamabad a “security risk,”...

Published 22 Jan, 2024 05:38am

Pakistan

NA 119: PTI ticket-holder withdraws in favour of Maryam

LAHORE: In a big breakthrough, Pakistan Tehreek-e-Insaaf leader and a ticket holder from Lahore’s NA-119, Mehr...

Published 22 Jan, 2024 05:38am

Sports

U-19 Cricket World Cup: Saad Baig says team will earn top honour

LAHORE: Pakistan U-19 skipper Saad Baig, who hails from Karachi, is hopeful of leading his team to glory in the U-19...

Published 22 Jan, 2024 05:38am

Pakistan

Community yoga centre opened inside park

LAHORE: The Parks and Horticulture Authority (PHA) of Lahore opened a community yoga centre at Gilani Park...

Published 22 Jan, 2024 05:38am

World

Strike on busy market kills 25 in Russian-held Donetsk

MOSCOW: A strike on a crowded market in the Russian-occupied city of Donetsk in eastern Ukraine left at least 25...

Published 22 Jan, 2024 05:38am

South Asia

India plans to fence off Myanmar frontier

NEW DELHI: India plans to erect a fence along its vast and porous frontier with Myanmar and will scrap a free...

Published 22 Jan, 2024 05:38am

Middle East

Hamas says Oct 7 attacks ‘necessary step’, admits ‘faults’

GAZA STRIP: Palestinian militant group Hamas said Sunday its October 7 attacks in southern Israel were a ...

Published 22 Jan, 2024 05:38am

World

Biden challenger Phillips calls president ‘weak’

NASHUA: US Representative Dean Phillips, attempting a longshot bid for the Democratic nomination, assailed Joe Biden...

Published 22 Jan, 2024 05:38am

Pakistan

Unity Foods receives top award

KARACHI: Unity Foods was honored as the top Importer of Edible Oil in Pakistan for the year 2023 during the 6th...

Published 22 Jan, 2024 05:38am

Pakistan

Dry spell, lack of snowfall causing negative impact on fisheries: expert

PESHAWAR: The dry spell and no snowfall on mountains are bearing negative impact on the fisheries sector and will...

Published 22 Jan, 2024 05:38am

Pakistan

JI announces its ‘Manshoor-e-Karachi’

KARACHI: Jamaat-e-Islami (JI) Karachi Ameer Engr Hafiz Naeemur Rehman on Sunday announces the election manifesto...

Published 22 Jan, 2024 05:38am

Pakistan

Economic challenges: Ateeq underlines broad-based reforms

KARACHI: Our Economic Frame Work faces serious challenges which need to be redressed by broad based reforms. There...

Published 22 Jan, 2024 05:38am

Pakistan

Several injured in attack on PTI, PPP election offices in Karachi

KARACHI: Tensions soared in Karachi as the Pakistan People’s Party (PPP) and Pakistan Tehreek-e-Insaf (PTI) ...

Published 22 Jan, 2024 05:38am

Sports

Barry’s Polo wins Battle Axe Polo Cup title

LAHORE: Raja Mikaeel Sami showcased extraordinary skill, guiding Barry’s Polo to a remarkable 10-8 title triumph...

Published 22 Jan, 2024 05:38am

Cotton

Faisalabad Yarn and Fiber Prices

FAISALABAD: Yarn Market Rates on Sunday (January 21, 2024) =========================== 6/S-7/S (COTTON)...

Published 22 Jan, 2024 05:38am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday January 22, 2023

Published 22 Jan, 2024 05:37am

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 22 Jan, 2024 05:37am

Stocks

UK stocks log weekly losses, bleak retail sales data weighs

LONDON: British equities ended Friday mixed, as gains in non-life insurers stocks were offset by a sell-off in...

Published 22 Jan, 2024 05:37am

Stocks

Most Gulf bourses rise, Qatar falls

DUBAI: Most stock markets in the Gulf rose on Sunday, partially recovering from a recent retreat triggered by US...

Published 22 Jan, 2024 05:37am

Stocks

Wall Street Week Ahead: Maligned US real estate sector draws buyers eyeing rate cuts

NEW YORK: Falling inflation and expectations of an economic soft landing are buoying hopes for US real estate stocks...

Published 22 Jan, 2024 05:37am

Letters

Bilawal needs to work harder

Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari appears to have started making waves. Organising an...

Published 22 Jan, 2024 05:37am

Opinion

Electronic cigarettes and devices: Menace spreading at warp speed

The health implications of electronic cigarettes, often referred to as e-cigarettes or vapes, have been the focus of...

Published 22 Jan, 2024 05:37am

Opinion

‘It is a tale told by an idiot…’

Data collection and its dissemination is an exercise impacting on politics the world over; however, the capacity of...

Published 22 Jan, 2024 05:37am

Pakistan

Drive launched to cover open manholes

KARACHI: Mayor Karachi and Chairman Karachi Water and Sewerage Corporation (KWSC) Barrister Murtaza Wahab took...

Published 22 Jan, 2024 05:37am

Pakistan

NH&MP IG visits South Zone

KARACHI: Inspector General National Highways and Motorway Police Salman Chaudhry visited the South Zone after taking...

Published 22 Jan, 2024 05:37am

Pakistan

NA-1 Chitral: fierce contest between PML-N, JUI-F candidates likely

PESHAWAR: Six major political parties have fielded their candidates on National Assembly constituency NA-1 Chitral...

Published 22 Jan, 2024 05:37am

Pakistan

PDP underscores need for improving education system

KARACHI: Regretting that a large number of students failed in matriculation examination, Pasban Democratic Party...

Published 22 Jan, 2024 05:37am

Pakistan

ANP unveils list of candidates for NA, PA seats

PESHAWAR: Awami National Party has announced candidates for national and provincial seats for the Feb 8 elections in...

Published 22 Jan, 2024 05:37am

Pakistan

IPP promises agri reforms

KHANEWAL: President Istehkam-e-Pakistan (IPP) Abdul Aleem Khan has said the his party after being elected would...

Published 22 Jan, 2024 05:37am

Pakistan

LESCO detects 429 power pilferers

LAHORE: The Lahore Electric Supply Company (LESCO) detected a total of 429 connections from where consumers were...

Published 22 Jan, 2024 05:37am

Pakistan

Residential plots: Punjab CM announces quota for ‘newsroom journalists’

LAHORE: Punjab Caretaker Chief Minister Mohsin Naqvi has announced granting residential plots to reporters,...

Published 22 Jan, 2024 05:37am

Pakistan

Maryam steps up PML-N’s election drive

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Chief Organiser Maryam Nawaz said on Sunday that her party will bag ...

Published 22 Jan, 2024 05:37am

Pakistan

Sanaullah says optimistic about PML-N’s prospects

FAISALABAD: Former federal interior minister and Pakistan Muslim League-Nawaz (PML-N) Punjab president Rana ...

Published 22 Jan, 2024 05:37am

Pakistan

Peshawar: elections likely to be tough for ANP, other parties

PESHAWAR: The ANP stalwart Haji Ghulam Ahmad Bilour is going to contest for the National Assembly seat for 11th time...

Published 22 Jan, 2024 05:37am

Pakistan

Alvi directs banks to refund Rs2.74m to fraud victims

ISLAMABAD: President Dr Arif Alvi has asked the Banking Mohtasib to take up the matter of banking frauds with the...

Published 22 Jan, 2024 05:37am

Pakistan

PIDE to unveil ‘reform manifesto’ today

ISLAMABAD: In a momentous stride towards national transformation, the Pakistan Institute of Development Economics...

Published 22 Jan, 2024 05:37am

Pakistan

Deadline for submitting postal ballot paper pleas ends today

ISLAMABAD: Monday (today) is the last day for submitting postal ballot paper applications to the Election Commission...

Published 22 Jan, 2024 05:37am

Pakistan

Ballot paper printing in full swing

ISLAMABAD: Printing of 260 million watermarked ballot papers for the coming general elections on February 8 is in...

Published 22 Jan, 2024 05:37am

Pakistan

17500 polling stations highly sensitive

ISLAMABAD: The Election Commission of Pakistan (ECP) has categorised over 17,500 polling stations as highly...

Published 22 Jan, 2024 05:37am

Pakistan

Joint training of Pak Army, Royal Saudi Land Forces starts: ISPR

RAWALPINDI: The joint military training of the Pakistan Army and Royal Saudi Land Forces organized by the Multan...

Published 22 Jan, 2024 05:37am

Pakistan

MQM-P pledges to end gas loadshedding in Karachi

KARACHI: Muttahida Qaumi Movement-Pakistan leader Farooq Sattar pledged that MQM-P will end the gas load shedding in...

Published 22 Jan, 2024 05:37am

Pakistan

Biosafety rules: ‘Amendments aimed to align with international standards’

ISLAMABAD: The Ministry of Nation Food Security and Research on Sunday said that the proposed amendments in...

Published 22 Jan, 2024 05:37am

Pakistan

Work on three KP ITZs to cost Rs12.3bn

PESHAWAR: Work on three Integrated Tourism Zones (ITZs) including 480 Kanal Ghanol (Mansehra), 754 Kanal Mankial...

Published 22 Jan, 2024 05:37am

Pakistan

ECP starts process of issuing notices, fines against candidates

ISLAMAABD: The Election Commission of Pakistan (ECP) has started the process of issuing notices and fines against...

Published 22 Jan, 2024 05:37am

Pakistan

USAID-ERDA inks 35 grant agreements in KP

PESHAWAR: USAID’s Economic Recovery and Development Activity (USAID-ERDA) takes a crucial step for strengthening...

Published 22 Jan, 2024 05:37am

Pakistan

Sindh seeks Centre’s help to keep crucial M6 project afloat

KARACHI: The Sindh Government has sought personal attention of Caretaker Prime Minister Anwaar-ul-Haq Kakar towards...

Published 22 Jan, 2024 05:37am

Rates

Another positive week

KARACHI: The rupee posted another positive week as it appreciated Re0.46 or 0.16% against the US dollar in the...

Published 22 Jan, 2024 05:37am

Business & Finance

Morgan Stanley revenue beats on dealmaking rebound, takes $535m in charges

NEW YORK: Morgan Stanley’s revenue beat fourth-quarter expectations on Tuesday, helped by a rebound in dealmaking...

Published 22 Jan, 2024 05:37am

Business & Finance

Goldman Sachs beats profit estimates as equity traders ride market rebound

NEW YORK: Goldman Sachs beat estimates for fourth-quarter profit on Tuesday as its equity traders capitalized on a...

Published 22 Jan, 2024 05:37am

Business & Finance

India may earmark $48bn for next year’s food, fertiliser subsidies

NEW DELHI: India may earmark about 4 trillion rupees ($48 billion) for food and fertiliser subsidies for the next...

Published 22 Jan, 2024 05:37am

Money & Banking

Indian rupee ends higher but snaps two-week winning streak

MUMBAI: The Indian rupee closed stronger on Friday, supported by dollar sales from foreign banks, but snapped a...

Published 22 Jan, 2024 05:37am

Money & Banking

Yuan weaken for third week

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

Published 22 Jan, 2024 05:37am

Money & Banking

Canadian dollar strengthens against greenback

TORONTO: The Canadian dollar strengthened against its US counterpart on Friday, clawing back much of this week’s...

Published 22 Jan, 2024 05:37am

Commodities

Prices of daily use items soar in retail market

PESHAWAR: Prices of daily use items, like vegetables, live chicken/meat, sugar, cooking oil/ghee, fruits and others...

Published 22 Jan, 2024 05:37am

Business & Finance

JWG-ICC rejects distorted reporting on CPEC

ISLAMABAD: The 4th meeting of CPEC Joint Working Group on International Cooperation and Coordination (JWG-ICC) was...

Published 22 Jan, 2024 05:37am

Industry

Business community underscores need for long-term policies

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Ahsan Zafar Bakhtawari has said that the...

Published 22 Jan, 2024 05:37am

Editorials

Harassment in tax collection

EDITORIAL: In a very welcome development, the Lahore High Court (LHC) has directed the Federal Board of Revenue ...

Published 22 Jan, 2024 05:37am

Editorials

Some good news!

EDITORIAL: On Wednesday, the United Arab Emirates rolled over 2 billion dollar deposits for another year. Last week...

Published 22 Jan, 2024 05:37am

Industry

HCSTSI urges govt to provide interest-free loans

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry Muhammad Farooq Shaikhani has expressed...

Published 22 Jan, 2024 05:37am

Cotton & Textile

Weekly Cotton Review: Prices stable amid healthy business volumes

KARACHI: The cotton price during previous week remained stable, with an improvement in business volume. ...

Published 22 Jan, 2024 05:37am

Business & Finance

Power, gas: business leader voices concerns over circular debts

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum and ...

Published 22 Jan, 2024 05:37am

Business & Finance

SIDB, stakeholders join hands to launch e-platform for handicrafts

PESHAWAR: Small Industries Development Board (SIDB) Khyber Pakhtunkhwa has joined hands with various stakeholders to...

Published 22 Jan, 2024 05:37am

Business & Finance

Citrus exports reduced to $100m: UAF VC

FAISALABAD: The citrus exports have reduced from $300 million to $100 million that is a matter of grave concern, ...

Published 22 Jan, 2024 05:37am

Rates

Futures spread down 10bps

KARACHI: The futures spread declined by 10bps to 18.11 percent on the last day of the outgoing week. Trading...

Published 22 Jan, 2024 05:37am

Rates

PSX remains under severe selling pressure

KARACHI: Pakistan Stock Exchange remained under severe selling pressure during the outgoing week ended on January ...

Published 22 Jan, 2024 05:37am

World

President Sisi says Egypt will not allow any threat to Somalia or its security

CAIRO: Egypt will not allow any threat to Somalia, President Abdel Fattah al-Sisi said on Sunday after Ethiopia said...

Published 22 Jan, 2024 12:36am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 7	277.91
USD PKR Interbank Buying / Aug 7	277.71
USD to Japanese Yen / Aug 7	157.76
USD to Swiss Franc / Aug 7	0.81
Pound Sterling to USD / Aug 7	1.35
Euro to USD / Aug 7	1.16
SOFR % / Aug 7	3.65

Stock	Volume
S&P 500 / Aug 7	7,757.64
India Sensex / Aug 7	78,499.17
Tokyo Nikkei / Aug 7	65,606.71
Nasdaq / Aug 7	26,690.62
Hang Seng / Aug 7	25,668.03
FTSE 100 / Aug 7	10,901.09
Dow Jones / Aug 7	54,036.93
Germany DAX 30 / Aug 7	26,319.45
France CAC40 / Aug 7	8,714.93

Item	Value
Crude Oil USD/Barrel / Aug 7	78.18
Karachi Cotton PKR/37.32 KG / Aug 7	18,580
Gold 10 Grams PKR / Aug 7	389,519
Gold Spot USD/Ounce / Aug 7	4,341.56
Cotton US¢/pound / Aug 7	84.40
Petrol/Litre / Aug 9	327.62
Diesel/Litre / Aug 9	380.86

Gainers
Losers
Leaders

Stock	Price
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	13.84 ▲ 1.26 (10.02%)
Secure Logistics-Trax Group / Aug 7 Secure Logistics-Trax Group Limited(SLGL)	17.68 ▲ 1.61 (10.02%)
First Tri-Star Mod. / Aug 7 First Tri-Star Modaraba(FTSM)	46.39 ▲ 4.22 (10.01%)
Asim Textile / Aug 7 Asim Textile Mills Limited(ASTM)	61.81 ▲ 5.62 (10%)
Buxly Paints / Aug 7 Buxly Paints Limited(BUXL)	229.52 ▲ 20.87 (10%)
Frieslandcampina / Aug 7 Frieslandcampina Engro Pakistan Limited(FCEPL)	121.30 ▲ 11.03 (10%)
Faisal Sp. / Aug 7 Faisal Spinning Mills Limited(FASM)	358.06 ▲ 32.55 (10%)
Aisha Steel (CPS) / Aug 7 Aisha Steel Mills Limited (CPS)(ASLCPS)	78.43 ▲ 7.13 (10%)
Wasl Mobility Mod. / Aug 7 Wasl Mobility Modaraba(WASL)	6.80 ▲ 0.59 (9.5%)
Imperial Limited / Aug 7 Imperial Limited(IML)	23.48 ▲ 1.98 (9.21%)

Stock	Price
Fateh Sports / Aug 7 Fateh Sports Wear Limited(FSWL)	159.49 ▼ -16.5 (-9.38%)
Trust Mod. / Aug 7 Trust Modaraba(TRSM)	18.57 ▼ -1.68 (-8.3%)
Asia Ins. / Aug 7 Asia Insurance Company Limited(ASIC)	42.43 ▼ -3.56 (-7.74%)
Shams Textile / Aug 7 Shams Textile Mills Limited(STML)	52.52 ▼ -4.29 (-7.55%)
Dar-es-Salaam / Aug 7 Dar-es-Salaam Textile Mills Limited(DSML)	22.17 ▼ -1.69 (-7.08%)
J.A.Textile / Aug 7 J.A. Textile Mills Limited(JATM)	52.77 ▼ -3.97 (-7%)
Tri-Star Power / Aug 7 Tri-Star Power Limited(TSPL)	17.35 ▼ -1.25 (-6.72%)
Gadoon Textile / Aug 7 Gadoon Textile Mills Limited(GADT)	341.05 ▼ -21.04 (-5.81%)
AKD Hospitality / Aug 7 AKD Hospitality Limited(AKDHL)	150.79 ▼ -9.21 (-5.76%)
Dadabhoy Cement / Aug 7 Dadabhoy Cement Industries Limited(DBCI)	14.47 ▼ -0.88 (-5.73%)

Stock	Volume
Cnergyico PK / Aug 7 Cnergyico PK Limited(CNERGY)	161,177,862 ▲ 0.69
B.O.Punjab / Aug 7 The Bank of Punjab(BOP)	52,334,090 ▲ 0.46
Wasl Mobility Mod. / Aug 7 Wasl Mobility Modaraba(WASL)	24,216,535 ▲ 0.59
Pace (Pak) Ltd. / Aug 7 Pace (Pakistan) Limited(PACE)	20,061,794 ▲ 0.32
Nishat Chun.Pow. / Aug 7 Nishat Chunian Power Limited(NCPL)	18,254,792 ▲ 0.7
Nishat Power / Aug 7 Nishat Power Limited(NPL)	15,207,765 ▼ -0.2
Unity Foods Ltd / Aug 7 Unity Foods Limited(UNITY)	15,156,912 ▼ -0.39
Hascol Petrol / Aug 7 Hascol Petroleum Limited(HASCOL)	13,781,842 ▲ 0.35
D.S. Ind. Ltd. / Aug 7 D.S. Industries Limited(DSIL)	12,582,914 ▲ 1.26
Maple Leaf Cement / Aug 7 Maple Leaf Cement Factory Limited(MLCF)	12,492,335 ▼ -1.02