News Archives for Latest - 2024-01-24

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Archive - 2024-01-24

World

Turkey, Iran agree on need to avoid escalating Mideast tensions: Erdogan

ANKARA: Turkish President Tayyip Erdogan said he and Iranian counterpart Ebrahim Raisi agreed at a meeting on...

Published 24 Jan, 2024 11:00pm

World

World Court to deliver ruling in Israel genocide case on Jan 26

AMSTERDAM: Judges at the International Court of Justice will rule on Friday whether or not they will grant emergency...

Published 24 Jan, 2024 10:50pm

Pakistan

SHC directs govt, PTA to ensure uninterrupted internet access till election day

Development comes after three nationwide disruptions in access to social media platforms in last few weeks

Updated 24 Jan, 2024 10:47pm

Pakistan

Only two-state solution can end Israeli-Palestinian conflict, Pakistan urges UN

Pakistan’s permanent representative to the UN Munir Akram calls for concrete steps to stop the Israeli aggression in Gaza

Updated 24 Jan, 2024 10:43pm

Stocks

Merry-run continues at PSX as oil/gas sector attracts attention

KSE-100 settles at 64,822.43 on Wednesday, up by 368.21 points

Updated 24 Jan, 2024 10:41pm

World

Tank shelling kills 9 at UN shelter in south Gaza: UN official

GAZA STRIP: Tank shelling on a UN shelter on Wednesday killed nine people in Gaza’s main southern city of Khan...

Published 24 Jan, 2024 10:34pm

Forex

Rupee registers 6th successive gain, settles at 279.67 against US dollar

Gains Re0.12 in inter-bank market on Wednesday

Updated 24 Jan, 2024 10:32pm

Pakistan

COAS says 'negative propaganda' on social media creates uncertainty and hopelessness

Stresses the need to double-check news on social media

Updated 24 Jan, 2024 10:31pm

Europe

Ukraine says no ‘reliable information’ on downed plane

KYIV: Ukraine’s intelligence agency on Wednesday said it had no “reliable information” on who was on board a downed...

Published 24 Jan, 2024 10:26pm

Stocks

Honda Atlas Cars’ profit-after-tax plunges 82% in Oct-Dec

Amid massive decline in sales, the profit-after-tax (PAT) of Honda Atlas Cars (Pakistan) Limited (HCAR) plunged over...

Updated 24 Jan, 2024 10:23pm

Europe

Scholz warns EU weapons support for Ukraine ‘not big enough’

BERLIN: German Chancellor Olaf Scholz on Wednesday urged European nations to step up weapons pledges to Ukraine,...

Published 24 Jan, 2024 10:20pm

Pakistan

ECP to take strict action against govt officials helping candidates’ campaign

The Election Commission of Pakistan (ECP) issued a stern warning on Wednesday, addressing the misuse of state...

Updated 24 Jan, 2024 10:20pm

Middle East

Plan for one-month Gaza truce makes progress, Israeli aggression continues in Khan Younis

DOHA/GAZA/OCCUPIED JERUSALEM: Israel and Hamas have moved closer to agreement on a 30-day ceasefire in Gaza when...

Updated 24 Jan, 2024 10:03pm

Middle East

Saudi Arabia prepares to open first alcohol store for diplomats

RIYADH: Saudi Arabia is preparing to open its first alcohol store in the capital Riyadh which will serve exclusively...

Updated 24 Jan, 2024 09:39pm

Pakistan

Dr Gohar Ejaz given additional charge of interior ministry

The interim government assigned on Wednesday the additional portfolio of the interior ministry to Caretaker Federal...

Published 24 Jan, 2024 09:11pm

Stocks

Dubai bourse leads Gulf markets higher on upbeat earnings

Most stock markets in the Gulf ended higher on Wednesday, largely on the back of corporate earnings with the Dubai...

Published 24 Jan, 2024 08:34pm

Stocks

S&P 500 scales record high on boost from Netflix, chip stocks

Wall Street rallied on Wednesday with the benchmark S&P 500 scaling record intraday levels, as Netflix surged...

Published 24 Jan, 2024 08:30pm

Football

Pochettino wants to build side worthy of Chelsea’s history

LONDON: Mauricio Pochettino aims to build a Chelsea team with the “capacity to win titles” as he bids to create a...

Published 24 Jan, 2024 08:05pm

Sports

Zverev stuns Alcaraz to set up Australian Open semi with Medvedev

MELBOURNE: Alexander Zverev stunned dynamic Spaniard Carlos Alcaraz in the early hours of Thursday to surge into an...

Published 24 Jan, 2024 08:01pm

Stocks

US stocks rise after strong Netflix results

NEW YORK: Strong earnings from Netflix lifted Wall Street stocks early Wednesday, with other large tech companies...

Published 24 Jan, 2024 07:56pm

Europe

Russia accuses Ukraine of killing 65 of its own POWs by shooting down plane

MOSCOW: Russia accused Ukraine on Wednesday of deliberately shooting down a Russian military transport plane...

Updated 24 Jan, 2024 07:22pm

Middle East

Houthis order US, British nationals to leave Yemen

ADEN: Yemen’s Houthi authorities have ordered US and British staff of the United Nations and Sanaa-based...

Published 24 Jan, 2024 07:14pm

Cricket

England’s Bashir granted India visa after delay row

LONDON: England cricketer Shoaib Bashir was finally granted a visa to enter India on Wednesday after initially being...

Published 24 Jan, 2024 07:13pm

Sports

SNGPL to face WAPDA in President’s Trophy final

Sui Northern Gas Pipelines Limited (SNGPL) defeated the Higher Education Commission (HEC) by 109 runs on day four of...

Published 24 Jan, 2024 07:11pm

Energy

Govt executes petroleum concession agreement, exploration licences with E&Ps

Petroleum Division says minimum investment to be carried out by E&P companies will be over $33.3 million in 3 years

Updated 24 Jan, 2024 07:07pm

Technology

Spotify to start in-app purchases on iPhone in Europe after DMA takes effect

Spotify users in Europe from March will be able to buy audiobooks and subscription plans from within the...

Published 24 Jan, 2024 06:57pm

Technology

Apple plans new fees, restrictions for downloads outside App Store

Apple plans to add new fees and restrictions when it starts allowing third-party software downloads outside its App...

Published 24 Jan, 2024 06:51pm

Sports

Election Commissioner assumes charge as interim PCB chairman

Advocate of the Supreme Court of Pakistan and the Election Commissioner of Pakistan Cricket Board (PCB) Shah Khawar...

Published 24 Jan, 2024 06:35pm

Asia

At least 39 dead in central China fire

BEIJING: At least 39 people died and nine were receiving treatment for injuries Wednesday after a fire broke out at...

Published 24 Jan, 2024 06:06pm

South Asia

Sri Lanka passes tough social media law

COLOMBO: Sri Lanka on Wednesday passed legislation imposing hefty jail sentences on social media users for posts the...

Published 24 Jan, 2024 06:00pm

South Asia

China announces closer ties with Uzbekistan, further cooperation

BEIJING: China has upgraded its diplomatic ties with Uzbekistan and offered closer cooperation across a range of...

Published 24 Jan, 2024 05:55pm

Sports

Ngannou capable of ‘massive upset’ against Joshua: promoter Warren

LONDON: Francis Ngannou can cause a “massive upset” by defeating Anthony Joshua in their heavyweight showdown in...

Published 24 Jan, 2024 05:45pm

Movies & Music

India’s Zee asks Sony to withdraw merger termination

BENGALURU: Zee Entertainment said on Wednesday it has called on Sony Group to withdraw the Japanese company’s...

Published 24 Jan, 2024 05:21pm

Stocks

Eurozone stock markets rally as data ignites rate-cut hope

LONDON: Eurozone stock markets rallied Wednesday as a further drop in business activity across the single-currency...

Updated 24 Jan, 2024 05:19pm

Pakistan

Pakistan polls 2024: 10 key political parties and their electoral symbols

The Election Commission of Pakistan has assigned 150 different symbols to registered political parties while 174 have been allotted to independent candidates

Updated 24 Jan, 2024 05:02pm

Stocks

Sri Lanka shares end lower as industrials, consumer staples weigh

BENGALURU: Sri Lankan shares fell on Wednesday, weighed by losses in industrial and consumer staple stocks. The CSE...

Published 24 Jan, 2024 04:49pm

Energy

Oil steadies near $80 as China announces stimulus

LONDON: Oil steadied on Wednesday, with Brent trading near $80 a barrel, as a Chinese economic stimulus package and...

Updated 24 Jan, 2024 04:46pm

Business & Finance

Govt may take rice exports to $5bn by 2028: Shahzad Malik

LAHORE: Pakistan has the potential to take its rice exports to US $5 billion by the year 2028 and then double this...

Updated 24 Jan, 2024 04:45pm

Stocks

Indian shares settle higher in volatile session; metals fuel gains

BENGALURU: Indian shares settled higher in a volatile session on Wednesday, as metal stocks gained on supply...

Published 24 Jan, 2024 04:36pm

Commodities

Copper hits 3-week high on China stimulus, weaker dollar

LONDON: London copper prices rose to a three-week high on Wednesday on reinforced hopes of more stimulus measures...

Published 24 Jan, 2024 04:34pm

Commodities

Palm hits over two-month high on worries of lower Malaysia output

BEIJING: Malaysian palm oil futures extended early gains on Wednesday to its highest in over two months, underpinned...

Published 24 Jan, 2024 04:31pm

Forex

Ugandan shilling unchanged; importer dollar demand low

KAMPALA: The Ugandan shilling was stable on Wednesday amid slow demand for dollars from commercial banks and...

Published 24 Jan, 2024 03:23pm

Stocks

Nigerian stock index crosses 100,000 points for first time

ABUJA: A key Nigerian stock index crossed 100,000 points for the first time in early trade on Wednesday, extending...

Updated 24 Jan, 2024 03:22pm

Life & Style

‘Oppenheimer’ to be shown in Japan, 8 months after ‘Barbenheimer’ outrage

TOKYO: Japanese audiences can watch the movie “Oppenheimer” in cinemas from March 29, distribution company Bitters...

Published 24 Jan, 2024 03:19pm

Stocks

Dubai leads most Gulf markets higher

Stock markets in the Gulf were up on Wednesday in early trade amid rising oil prices and robust corporate earnings,...

Published 24 Jan, 2024 03:05pm

Stocks

FTSE 100 gains as China pledges aid sentiment, EasyJet climbs

The UK’s blue-chip index rose on Wednesday, lifted by China-exposed stocks following measures by the central bank to...

Published 24 Jan, 2024 03:04pm

Energy

Qatar delays LNG Shipments to Europe amid Red Sea conflict, Bloomberg News says

Qatar, one of the world’s biggest liquefied natural gas (LNG) exporters, is delaying some shipments to Europe as...

Published 24 Jan, 2024 03:01pm

Middle East

Israel troops demolish Palestinian home in West Bank

NABLUS: Israeli troops on Wednesday blew up the home of a Palestinian accused of assisting in the killing of four...

Published 24 Jan, 2024 02:49pm

Forex

Russian rouble recovers vs dollar after sharp slide

MOSCOW: The rouble recovered ground against the dollar on Wednesday after falling sharply in the previous session as...

Published 24 Jan, 2024 01:29pm

South Asia

India to strengthen ties with France with Macron as chief guest on national day

NEW DELHI: French President Emmanuel Macron will attend India’s Republic Day celebrations on Friday as the chief...

Published 24 Jan, 2024 01:27pm

Sports

Angola beat Burkina Faso to top AFCON group

YAMOUSSOUKRO: Angola are through to the last 16 of the Africa Cup of Nations as winners of their group after goals...

Published 24 Jan, 2024 01:22pm

Life & Style

Netflix subscribers jump despite price hikes

SAN FRANCISCO: Netflix added 13 million subscribers in the final three months of last year, the company said on...

Published 24 Jan, 2024 01:18pm

South Asia

Iran’s Raisi expected in Turkiye for delayed Gaza talks

ANKARA: Iranian President Ebrahim Raisi was expected to fly to Turkiye on Wednesday for twice-delayed talks aimed at...

Published 24 Jan, 2024 01:13pm

World

6 killed, 14 injured in Mongolia gas explosion

ULAANBAATAR: Six people were killed and 14 injured in a gas explosion caused by a vehicle crash in Mongolia’s...

Published 24 Jan, 2024 01:04pm

Sports

Covid hits Australian team ahead of West Indies Test

BRISBANE: Australia’s team has been hit by Covid-19 ahead of the second Test against the West Indies, with...

Published 24 Jan, 2024 01:00pm

Commodities

King coal set to lose crown for electricity production: IEA

PARIS: Renewables are set to displace coal as the top source of energy for electricity production globally in 2025,...

Published 24 Jan, 2024 12:53pm

Sports

‘Destroyed’ Medvedev grinds into Australian Open semi-finals

MELBOURNE: Two-time runner-up Daniil Medvedev ground past big-serving Hubert Hurkacz into the Australian Open...

Published 24 Jan, 2024 12:48pm

Europe

UK’s Cameron to raise concerns over Gaza death toll on Israel visit

LONDON: British Foreign Secretary David Cameron will travel to Israel on Wednesday where he is expected to raise...

Published 24 Jan, 2024 12:14pm

Europe

Ukraine’s Zelenskiy forms business council after outcry over banker’s arrest

Ukrainian President Volodymyr Zelenskiy announced the creation of a council to “support entrepreneurship” on Tuesday...

Published 24 Jan, 2024 12:10pm

Business & Finance

Dubai’s projects ‘major employment attraction’ for Pakistanis: tourism exec

For Dubai, attracting investment and tourism go hand in hand
DET's Bader Ali Habib says Pakistan remains key focus in terms of both

Published 24 Jan, 2024 12:00pm

World

Australia PM set to water down proposed tax cuts for wealthy

SYDNEY: Australia Prime Minister Anthony Albanese said on Wednesday he would consult lawmakers to modify proposed...

Published 24 Jan, 2024 11:44am

Forex

Australia, NZ dollars idle as greenback looms large, China gains fade

SYDNEY: The Australian and New Zealand dollars were idling on Tuesday, as the greenback loomed large ahead of the...

Published 24 Jan, 2024 11:38am

Mutual Funds

JGB yields jump after BOJ chief’s inflation comments spark policy shift bets

TOKYO: Japan’s government bond yields jumped to their highest level in more than a month on Wednesday, after the...

Published 24 Jan, 2024 11:30am

Asia

North Korea fires cruise missiles off west coast, Seoul says

SEOUL: North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea’s...

Published 24 Jan, 2024 11:24am

USA

Joe Biden campaign adds White House aides amid concerns about strategy

Two of US President Joe Biden’s top advisers, Mike Donilon and Jen O’Malley Dillon, will leave the White House for...

Published 24 Jan, 2024 11:22am

Mutual Funds

Indian bond yields seen steady as traders eye fresh triggers

MUMBAI: Indian government bond yields are expected to be largely unchanged in the early session on Wednesday, as...

Published 24 Jan, 2024 11:16am

Forex

Indian rupee to struggle on equity outflows, under-pressure Asia FX

MUMBAI: The Indian rupee is likely to struggle on Wednesday, pestered by foreign outflows from the country’s equity...

Published 24 Jan, 2024 11:14am

Pakistan

Bhutto scion Bilawal focuses on Pakistan’s youth, climate change

LARKANA: Youth appeal and ambitious plans to combat climate change form the core of Bilawal Bhutto Zardari’s effort...

Published 24 Jan, 2024 11:10am

Stocks

Asian stocks gain as potential China rescue package lifts mood

SINGAPORE: Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock...

Published 24 Jan, 2024 11:11am

Commodities

Soybeans hit over 1-week high on short-covering, LatAm supplies trim gains

SINGAPORE: Chicago soybean futures rose further on Wednesday, with prices climbing to their highest in more than a...

Published 24 Jan, 2024 11:08am

Asia

China adds 12.44mn urban jobs in 2023,says more effort needed this year

BEIJING: China created 12.44 million new urban jobs last year, meeting its target, but more efforts are needed to...

Published 24 Jan, 2024 11:06am

Commodities

Aluminium edges higher as sanction jitters fuel supply woes

Aluminium prices edged higher on Wednesday as concerns over supply tightness surfaced after traders assessed risks...

Published 24 Jan, 2024 11:00am

Commodities

Palm oil ticks up on production worries, stronger rival oils

BEIJING: Malaysian palm oil futures edged higher for a second session on Wednesday, underpinned by expectations of...

Published 24 Jan, 2024 10:57am

Real Estate

Country Garden seeks to sell assets worth $530mn in Guangzhou

HONG KONG: Embattled Chinese property developer Country Garden is selling properties in Guangzhou, aiming to raise...

Published 24 Jan, 2024 10:55am

USA

US military strikes two Houthi anti-ship missiles in Yemen

WASHINGTON: The US military carried out more strikes in Yemen early on Wednesday, destroying two Houthi anti-ship...

Published 24 Jan, 2024 10:53am

Sports

Qualifier Yastremska beats Noskova to book Melbourne semi-final spot

MELBOURNE: Dayana Yastremska beat Czech Linda Noskova 6-3 6-4 on Wednesday to book a semi-final spot at the...

Published 24 Jan, 2024 10:48am

Sports

England’s Shoaib Bashir to miss Hyderabad Test after visa delay

HYDERABAD: Uncapped England spinner Shoaib Bashir has been ruled out of the opening Test against India following a...

Published 24 Jan, 2024 10:45am

Sports

Chelsea boss Pochettino ‘desperate’ to snap trophy drought in England

Chelsea manager Mauricio Pochettino said he is “desperate” to get his hands on silverware in England after his side...

Published 24 Jan, 2024 10:23am

Business & Finance

Indonesia sees FDI worth $47bn in 2023

JAKARTA: Indonesia recorded a total of 744 trillion rupiah ($47.34 billion) of foreign direct investment last year,...

Published 24 Jan, 2024 10:21am

Stocks

Hong Kong stocks boosted by Alibaba; China rescue report scepticism lingers

HONG KONG: Hong Kong stocks rose on Wednesday as hopes of Chinese authorities coming to the rescue of a battered...

Published 24 Jan, 2024 10:18am

SBP to launch platform for FX interbank market

State Bank of Pakistan decides to revamp the foreign exchange trading system

Updated 24 Jan, 2024 10:10am

Plugging revenue leakages: LTO deploys officers at Sindh sugar mills

KARACHI: The Large Taxpayers Office (LTO) has again deployed its officers at sugar mills in Sindh to monitor...

Updated 24 Jan, 2024 10:00am

‘Deemed income’ on immovable properties: SC asks HCs to decide the matter expeditiously

ISLAMABAD: The Supreme Court (SC) has directed the High Courts to expeditiously decide the matter of tax on “deemed...

Updated 24 Jan, 2024 10:00am

Deployment of army troops okayed: Inter-ministerial body on proposed FBR reforms formed

ISLAMABAD: The federal cabinet has approved the deployment of Pakistan Army and Civil Armed Forces troops for the...

Updated 24 Jan, 2024 09:59am

Mine mouth Thar coal project: SECMC wants to extend support for KE offtake

ISLAMABAD: Sindh Engro Coal Mining Company (SECMC) is said to have shown willingness in extending support for the...

Updated 24 Jan, 2024 09:58am

Hydropower project: PPIB conveys revised COD to NTDC

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has reportedly communicated revised Commercial...

Updated 24 Jan, 2024 09:58am

Stocks

Australian shares inch higher as mining stocks advance

Australian shares rose slightly on Wednesday, with gains in commodity stocks outweighing losses in heavyweight...

Published 24 Jan, 2024 09:55am

Stocks

Indian shares open lower; Axis Bank plunges

BENGALURU: Indian shares opened lower on Wednesday, dragged by a slump in Axis Bank after it posted a contraction in...

Published 24 Jan, 2024 09:53am

Stocks

Japan’s Nikkei eases on profit-taking, hawkish BOJ tilt

TOKYO: Japan’s Nikkei share average fell on Wednesday as profit-taking continued from the last session, while...

Published 24 Jan, 2024 09:51am

Bullion Rate

Gold slips as hopes for early Fed rate cuts fade

Gold prices inched lower on Wednesday, as hawkish comments from Federal Reserve officials and strong US data doused...

Published 24 Jan, 2024 09:47am

Forex

Dollar hovers near 6-week high on Fed view; yen edges up after BOJ

TOKYO: The dollar hovered near a six-week high against major peers on Wednesday as investors cemented expectations...

Published 24 Jan, 2024 09:42am

Forex

Yuan dragged down by China stocks despite tight offshore liquidity

SHANGHAI: China’s currency eased against the US dollar on Wednesday, with tight offshore yuan liquidity failing to...

Published 24 Jan, 2024 09:40am

Baloch protesters call off sit-in

The...

Updated 24 Jan, 2024 08:41am

PMUs in Discos: Cabinet throws PD’s plan into trash bin

ISLAMABAD: The Federal Cabinet has reportedly thrown Power Division’s plan of Performance Monitoring Units (PMUs) in...

Updated 24 Jan, 2024 08:38am

KE, Hubco ink MoU to explore off-take of electricity

KARACHI: CEO K-Electric (KE) Moonis Abdullah Alvi and CEO The Hub Power Company Limited (Hubco) Kamran Kamal signed...

Updated 24 Jan, 2024 08:38am

PM welcomes investment of international companies

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has welcomed the investment of international companies like...

Updated 24 Jan, 2024 08:37am

OIC denounces Ram Mandir inauguration

ISLAMABAD: The Organization of Islamic Cooperation (OIC) on Tuesday expressed grave concern over the construction of...

Updated 24 Jan, 2024 08:37am

BR’s refresher: your morning briefing for the day

Important updates from January 23, 2024

Published 24 Jan, 2024 08:34am

BR Research

Circular debt settlement plan

The circular debt settlement plan of Rs1,268 billion developed by the Ministry of Energy (MoE) is making rounds in...

Published 24 Jan, 2024 07:53am

BR Research

Oil prices: Resilient in tough times

The Red Sea remains a battle zone. Vessels are rerouting despite a heavy presence of naval fleets to counter the...

Published 24 Jan, 2024 07:46am

BR Research

Unity Foods Limited

Unity Foods Limited (PSX: UNITY) was incorporated in Pakistan as a private limited company in 1991 and was...

Published 24 Jan, 2024 07:43am

Opinion

Humans are humans, not mere resources

Human Resource (HR) is it. HR is the most important resource. Human capital counts. Humans are the assets. Human...