News Archives for Latest - 2024-01-29

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Archive - 2024-01-29

Pakistan

General Elections 2024: some key players and their electoral background

From PML-N to ANP, some are seen as standout candidates owing to several reasons

Updated 30 Jan, 2024 01:32am

Middle East

Pakistan says funding suspension of UNRWA during Gaza war ‘unjustifiable’

US, UK, Germany, Italy, Japan among countries that suspended payments to largest UN agency operating in Gaza, following allegations that its staff were involved in October 7 attacks in Israel

Published 29 Jan, 2024 10:49pm

Markets

Johnson & Phillips Pakistan to delist from PSX

JOPP offers to buy stake at Rs160 per share

Updated 29 Jan, 2024 11:00pm

South Asia

Afghan FM calls for ‘constructive engagement’ with international community

KABUL: Afghanistan’s foreign minister on Monday called for “constructive engagement” with the international...

Updated 29 Jan, 2024 11:00pm

Stocks

Mari Petroleum reports profit of Rs37.51bn in 1HFY24

Earnings up 57% year-on-year

Updated 29 Jan, 2024 10:57pm

Business & Economy

Govt announces 3% incentive for local handset manufacturers: Dr Saif

Looks to enhance production of high-end phones in Pakistan

Updated 29 Jan, 2024 10:57pm

World

Palestinians in Gaza see UNRWA funding cuts as ‘death sentence’

RAFAH: Palestinian mother Mazouza Hassan stood aghast at the potential threats to the work of the U.N. agency that...

Published 29 Jan, 2024 10:55pm

World

Keep supporting UN Palestinian refugee agency, Saudi urges

RIYADH: Saudi Arabia said Monday donors should continue supporting the main UN aid agency for Palestinians after...

Published 29 Jan, 2024 10:35pm

Europe

Russia says 3 killed in Ukrainian shelling of Donetsk

MOSCOW: Ukraine fired artillery rounds at the Russian-held city of Donetsk on Monday, killing at least three people...

Published 29 Jan, 2024 10:29pm

World

Israel troops to ‘go into action’ soon at Lebanon border: minister

JERUSALEM: Israeli troops will “very soon go into action” near the country’s northern border with Lebanon, Defence...

Published 29 Jan, 2024 10:21pm

Movies & Music

Bollywood air force film ‘Fighter’ tops weekend global box office with $25mn

Movie shows Indian conflicts with Pakistan and was banned across the Middle East, reports say

Updated 29 Jan, 2024 10:12pm

Stocks

KSE-100 slides to one-month low after falling 1.63% ahead of monetary policy announcement

Uncertainty over circular debt settlement and policy rate drives negative sentiment, experts say

Updated 29 Jan, 2024 09:50pm

Markets

SBP keeps key policy rate unchanged at 22%

Central bank governor conveys MPC has revised projected inflation figure for FY24 from 20-22% to 23-25%

Updated 29 Jan, 2024 09:48pm

Commodities

Gold firms on Middle East flare-up ahead of Fed meeting

Gold firmed on Monday as rising tensions in the Middle East lifted demand for the safe-haven asset, while markets...

Published 29 Jan, 2024 09:17pm

Forex

Dollar gains before Fed, March rate cut seen less likely

NEW YORK: The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push...

Published 29 Jan, 2024 09:15pm

Forex

Rupee slips lower, settles at 279.64 against US dollar

Currency loses 0.02% in inter-bank market

Updated 29 Jan, 2024 08:49pm

Stocks

US stocks rise ahead of tech earnings, Fed meeting

NEW YORK: Wall Street stocks opened higher on Monday to start a week where tech heavyweight earnings and an interest...

Published 29 Jan, 2024 08:26pm

Forex

Russian rouble rebounds after hitting near two-week low vs dollar

MOSCOW: The rouble rebounded after hitting its lowest in almost two weeks past 90 to the dollar on Monday, support...

Published 29 Jan, 2024 08:21pm

Technology

Amazon, iRobot abandon merger in face of EU opposition

WASHINGTON: Amazon and robot vacuum maker iRobot said Monday they would end their plans to merge in the face of...

Published 29 Jan, 2024 08:18pm

Energy

Oil dips in choppy trade amid China economic concerns, Middle East tensions

LONDON: Oil prices dipped on Monday in choppy trade as China’s ailing property sector sparked demand worries, while...

Updated 29 Jan, 2024 08:11pm

Pakistan

COAS says Pakistan, Iran will not allow 'spoilers to drive wedge' between brotherly nations

In a meeting with Iran's Foreign Minister Hossein Amir Abdollahian COAS says terrorism remains a shared threat that requires cooperation

Published 29 Jan, 2024 07:37pm

Commodities

Soybeans hit 2-year lows as South American crop outlook improves

HAMBURG: Chicago soybeans fell to their lowest in just over two years on Monday as more beneficial rain forecast in...

Published 29 Jan, 2024 07:03pm

Bullion Rate

Gold price per tola increases Rs1,500 in Pakistan

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

Updated 29 Jan, 2024 06:55pm

Commodities

Russian wheat export prices continued decline amid high supply in the Black Sea region

MOSCOW: Russian wheat export prices continued to decline last week amid oversupply pressure in the Black Sea region,...

Published 29 Jan, 2024 06:51pm

Sports

Nadal’s 2007 French Open winning racket sells for $118k at auction

Rafael Nadal’s championship point winning racket from his 2007 French Open final victory over Roger Federer was sold...

Published 29 Jan, 2024 06:48pm

Europe

ICJ to rule on jurisdiction in Russia-Ukraine genocide case

THE HAGUE: The United Nations’ highest court will rule on Friday whether it will hear a case in which Ukraine has...

Published 29 Jan, 2024 06:43pm

Life & Style

Kate, Princess of Wales, back home after surgery

LONDON: Kate, the Princess of Wales, has returned home from hospital after a two-week stay following abdominal...

Published 29 Jan, 2024 06:01pm

Stocks

Stocks diverge, oil rises tracking data, Middle East escalation

LONDON: Stock markets diverged Monday, the start of a week packed with major earnings and data in addition to...

Updated 29 Jan, 2024 05:52pm

Cricket

ICC reprimands India’s Bumrah for contact with England’s Pope

NEW DELHI: India’s pace spearhead Jasprit Bumrah was reprimanded by the International Cricket Council Monday for...

Published 29 Jan, 2024 05:44pm

Football

Australia’s Asian Cup credentials face first real test in quarter-finals

DOHA: Australia’s Asian Cup title credentials and stingy defence will be properly put to the test for the first time...

Published 29 Jan, 2024 05:39pm

Cricket

Recovering Rashid to miss Afghanistan’s first-ever Sri Lanka Test

KABUL: Ace spinner Rashid Khan will miss Afghanistan’s first-ever Test against Sri Lanka next month, selectors...

Published 29 Jan, 2024 05:36pm

Middle East

UK PM Sunak urges Iran to de-escalate tensions after Jordan drone strike

LONDON: British Prime Minister Rishi Sunak said he was concerned about tensions in the Middle East and urged Iran to...

Published 29 Jan, 2024 05:29pm

South Asia

Indian opposition’s challenge to Modi falters

NEW DELHI: An opposition bid to jointly mount a challenge to Indian Prime Minister Narendra Modi in a national...

Published 29 Jan, 2024 05:18pm

South Asia

Bangladesh reports first death from Nipah virus this year

DHAKA: Bangladesh reported on Monday its first fatality this year from the brain-damaging Nipah virus when a man...

Published 29 Jan, 2024 05:14pm

Cricket

India’s Jadeja, Rahul out of second Test v England with injuries

India allrounder Ravindra Jadeja and wicketkeeper-batsman KL Rahul will miss the second Test match against England...

Published 29 Jan, 2024 05:10pm

Commodities

Palm oil snaps three-day winning streak on weak rival oils, profit taking

SINGAPORE: Malaysian palm oil futures snapped a three-day rally on Monday, due to weakness in rival oils and on...

Published 29 Jan, 2024 03:48pm

Europe

Russia claims control of village in Ukraine’s Kharkiv region, Kyiv denies it

Russia said on Monday its forces had taken control of the village of Tabaivka in Ukraine’s Kharkiv region, but...

Published 29 Jan, 2024 03:45pm

Stocks

Reliance, ONGC power Indian shares to best day in eight weeks

BENGALURU: Indian shares surged in their best session in eight weeks on Monday, driven by gains in energy...

Published 29 Jan, 2024 03:42pm

Pakistan

Iran, Pakistan will not provide terrorists any opportunity to endanger ‘common security’: Iranian FM

Says there has never been any case of territorial differences or border problems and issues

Updated 29 Jan, 2024 03:15pm

Pakistan

Iran FM in Pakistan for talks after tit-for-tat air strikes

ISLAMABAD: Iran’s foreign minister was in Pakistan for talks Monday, as both nations sought to ease tensions after...

Updated 29 Jan, 2024 02:52pm

Movies & Music

Taylor Swift searches blocked on X after fake explicit images spread

NEW YORK: The social media platform X has blocked users from searching for Taylor Swift after fake sexually explicit...

Published 29 Jan, 2024 01:41pm

Stocks

China stocks fall despite short selling curb; oil shares lift HK higher

SHANGHAI: Chinese stocks fell on Monday despite fresh government curbs on short selling, while oil shares led the...

Updated 29 Jan, 2024 01:35pm

Stocks

FTSE 100 near two-week high on oil boost; Ryanair slides

The UK’s blue-chip share index hovered near a two-week high on Monday, as energy stocks rose on the back of...

Published 29 Jan, 2024 01:33pm

Stocks

Hong Kong stocks end higher

HONG KONG: Hong Kong shares finished on the front foot Monday after China unveiled fresh measures to support the...

Published 29 Jan, 2024 01:26pm

Forex

Russian rouble hits weakest in almost two weeks vs dollar

MOSCOW: The rouble hit its lowest in almost two weeks, breaching 90 to the dollar on Monday, despite support from...

Published 29 Jan, 2024 01:17pm

South Asia

China foreign ministry will ‘seriously’ study resuming visa-free policy for Japan

BEIJING: China’s foreign ministry said on Monday that it would “seriously” study resuming a previous visa-free...

Published 29 Jan, 2024 01:13pm

Money & Banking

ECB will start cutting rates sooner or later as inflation eases, De Guindos says

MADRID: The European Central Bank will cut interest ratees sooner or later given recent encouraging inflation...

Published 29 Jan, 2024 01:08pm

Companies

Ryanair quarterly profit dives 93% on higher fuel cost

LONDON: Irish no-frills airline Ryanair on Monday said net profit dived 93 percent in its third quarter as higher...

Published 29 Jan, 2024 12:55pm

Commodities

Dalian iron ore hits 3-week high on China property support

Iron ore prices in China hit a three-week high on Monday, supported by optimism about improving demand after top...

Published 29 Jan, 2024 12:47pm

Financial

JGB yields rise amid caution over auctions this week

TOKYO: Japanese government bond (JGB) yields rose on Monday amid investor caution over auctions to be held this...

Published 29 Jan, 2024 12:42pm

Stocks

Japan’s Nikkei bounces back on stronger energy stocks, soft yen

TOKYO: Japan’s Nikkei share average rose on Monday as a jump in oil prices boosted energy-related stocks, while a...

Updated 29 Jan, 2024 12:39pm

Stocks

South Korean shares climb to two-week high on foreign buying

KOSPI closed up 22.09 points, or 0.89%, at 2,500.65

Updated 29 Jan, 2024 12:36pm

Commodities

Japan futures fall on higher stockpiles, lower tyre output, EV demand concerns

SINGAPORE: Japanese rubber futures fell on Monday as higher inventories, lower tyre production and pessimism on...

Published 29 Jan, 2024 12:31pm

Middle East

Three US troops killed in Jordan drone strike linked to Iran

WASHINGTON: Three US service members were killed and at least 34 wounded in a drone attack by Iran-backed group on...

Published 29 Jan, 2024 11:48am

South Asia

North Korea tests submarine-launched cruise missiles

SEOUL: North Korea tested its new submarine-launched cruise missiles (SLCM) on Sunday, firing an upgraded missile...

Published 29 Jan, 2024 11:27am

Stocks

Australian shares rise for sixth day as banks gain; Fed in focus

Australian shares ended higher for the sixth straight session on Monday, as gains in banks and energy stocks...

Updated 29 Jan, 2024 11:20am

South Asia

Iran says it has no link to drone strike in Jordan that killed US soldiers

Iran’s mission to the United Nations said in a statement on Monday that Tehran was not involved in an attack that...

Published 29 Jan, 2024 10:52am

Companies

Zee founder family to eventually lift stake to 26%

BENGALURU: Zee Entertainment founder Subhash Chandra’s family will eventually lift their stake in the media house to...

Published 29 Jan, 2024 10:47am

South Asia

Malaysia ex-finance minister charged amid widening graft crackdown

KUALA LUMPUR: Malaysia’s former Minister of Finance Daim Zainuddin on Monday pleaded not guilty to failing to...

Published 29 Jan, 2024 10:44am

Markets

India bond yields flat as traders eye Fed meet, Union Budget

MUMBAI: Indian government bond yields were flattish at the start of the week, as traders awaited the U.S. Federal...

Published 29 Jan, 2024 10:39am

Currency

Indian rupee edges down tracking Asian peers, gauges oil price jump

MUMBAI: The Indian rupee edged slightly lower on Monday, tracking mild weakness in its Asian peers and likely facing...

Published 29 Jan, 2024 10:36am

Stocks

Oil rises on fresh Middle East fears after attack on US base

HONG KONG: Oil rose Monday on fresh Middle East fears as Joe Biden pledged to retaliate after blaming Iran-backed...

Published 29 Jan, 2024 10:33am

Commodities

Palm oil futures drop 1% on weak rival edible oils and profit-taking

SINGAPORE: Malaysian palm oil futures dropped on Monday amid weakness in rival edible oils and profit-taking...

Published 29 Jan, 2024 10:28am

Currency

Yuan weakens to near one-week low as focus turns to PMI and Fed

SHANGHAI: China’s yuan slipped to nearly a one-week low against the dollar on Monday, as investors grew cautious...

Published 29 Jan, 2024 10:25am

Commodities

Soybeans near multi-year lows as supply outlook improves

CANBERRA: Chicago soybean futures inched higher on Monday, but remained close to multi-year lows after rains in key...

Published 29 Jan, 2024 10:23am

Commodities

Copper dips as dollar steady, caution on China demand

BEIJING: Copper prices opened this week lower on Monday, with pressure from a steady dollar ahead of U.S. economic...

Published 29 Jan, 2024 10:13am

Commodities

Safe-haven gold gains as Middle East worries mount

Gold prices rose on Monday as escalating tensions in the Middle East lifted bullion’s safe-haven appeal, while moves...

Published 29 Jan, 2024 10:11am

Stocks

Financials’ rebound powers Indian shares higher

BENGALURU: Indian shares advanced on Monday, led by a rebound in beaten-down financials and tracking gains in Asian...

Published 29 Jan, 2024 10:09am

Forex

Dollar steady in cautious start to busy data, Fed week

SINGAPORE: The dollar started the week on a steady footing as investors took stock of U.S. economic data ahead of...

Published 29 Jan, 2024 10:04am

Privatisation programme: MoF opposes delisting of all Discos

Suggests that only those companies be delisted which are selected for the concession model

Updated 29 Jan, 2024 09:49am

Nawaz says will overcome economic challenges

SIALKOT: Pakistan Muslim League-Nawaz (PML-N) supremo and former Prime Minister Nawaz Sharif on Sunday promised to...

Updated 29 Jan, 2024 09:48am

Bilawal steps up election rhetoric

ISLAMABAD: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that the PPP would steer the ...

Updated 29 Jan, 2024 09:48am

Gas from new discoveries: SNGPL opposes giving half share to ‘third party players’

ISLAMABAD; Sui Northern Gas Pipeline Company Limited (SNGPL) has opposed allocation of 50 per cent indigenous gas...

Updated 29 Jan, 2024 09:37am

Pesco resents ‘excessive’ supplemental charges by CPPA-G

ISLAMABAD: Peshawar Electric Supply Company (PESCO), one of the worst performing Discos, has reportedly protested...

Updated 29 Jan, 2024 09:37am

Punjab hit by pneumonia outbreak

ISLAMABAD: The deadly pneumonia continued claiming lives as 18 more children have succumbed to the disease in Punjab...

Updated 29 Jan, 2024 09:16am

Appointment of Benami adjudicating authority members: Cabinet grills Revenue Div for ignoring PMO’s suggestions

ISLAMABAD: Revenue Division has reportedly been grilled by the caretaker federal cabinet for not honouring...

Updated 29 Jan, 2024 09:14am

Three US troops killed in drone attack on base in Jordan

WASHINGTON: Three US service members were killed and dozens wounded during an unmanned aerial drone attack on US...

Updated 29 Jan, 2024 09:14am

UN chief calls on donors to maintain Gaza aid

GAZA STRIP, (Palestinian Territories): Heavy fighting raged in Gaza Sunday amid a fierce row over the United Nations...

Updated 29 Jan, 2024 09:14am

Elections 2024

PTI unveils manifesto, promises constitutional reforms

ISLAMABAD: Making “all powerful institutions subservient to the Constitution,” restricting the state institutions’...

Updated 29 Jan, 2024 09:13am

Malicious campaign against top judiciary: Notices served in accordance with law: govt

ISLAMABAD: Caretaker Minister for Information, Broadcasting and Parliamentary Affairs Murtaza Solangi on Sunday said...

Updated 29 Jan, 2024 09:13am

BR Research

Elections 2024: New voters and southern Punjab critical

February 8, 2024 is fast approaching and predictions of who takes the center are aplenty. What makes the February 8...

Published 29 Jan, 2024 09:04am

BR Research

Upstream oil and gas sector in 2024

The global upstream oil and gas sector ended 2023 on a weak note. Despite the geopolitical tensions and other...

Published 29 Jan, 2024 09:01am

BR Research

Shield Corporation Limited

Shield Corporation Limited (PSX: SCL) was incorporated in Pakistan as a public limited company in 1975. The...

Published 29 Jan, 2024 08:58am

BR’s refresher: your morning briefing for the day

Important updates from January 27 and January 28, 2024

Published 29 Jan, 2024 08:35am

Opinion

FBR restructuring: a recipe for disaster–II

Just to highlight the difficulties involved let’s look at critical requirements for broadening of the tax base and...