News Archives for Latest - 2024-01-30

World

UN says agency aiding Palestinians cannot be replaced

UNITED NATIONS, United States, Jan 30, 2024 (AFP) - No organization can "replace or substitute" the United Nations'...

Published 30 Jan, 2024 11:34pm

Pakistan

Nine terrorists killed by security forces in Balochistan: ISPR

According to the military's media wing, four soldiers and two innocent civilians died in the intense exchange of fire

Published 30 Jan, 2024 10:44pm

Companies

Enforcement action: SBP imposes over Rs465mn in penalties on 10 banks

The State Bank of Pakistan (SBP) imposed penalties worth Rs465.08 million on 10 banks during the quarter ended...

Updated 30 Jan, 2024 10:46pm

USA

IMF says global ‘soft landing’ in sight, raises 2024 economic growth outlook

WASHINGTON: The International Monetary Fund (IMF) on Tuesday edged its forecast for global economic growth higher,...

Updated 30 Jan, 2024 10:46pm

Pakistan

Cipher case: Imran, Qureshi get 10 years in jail

Special court Judge Abul Hasnat Zulqarnain announces verdict

Updated 30 Jan, 2024 10:45pm

Pakistan

Health crisis in Pakistan: experts pin blame on govt for its indifference

Health sector experts said the government has a huge role to play in alleviating the health crisis in Pakistan –...

Published 30 Jan, 2024 10:27pm

Currency

SBP initiates process for issuance of new currency notes

The State Bank of Pakistan (SBP) has initiated the process for designing and issuing of new banknotes series of all...

Updated 30 Jan, 2024 10:20pm

Pakistan

At least 4 dead, 5 injured in blast at PTI rally in Balochistan’s Sibi

Condition of some injured critical
Incident comes nine days before February 8 polls

Updated 30 Jan, 2024 10:13pm

Forex

Rupee inches upward, settles at 279.55 against US dollar

Currency gains 0.03% in inter-bank market

Updated 30 Jan, 2024 09:41pm

Stocks

KSE-100 sees another fall, plummets 1.5% amid political volatility

Volatility on political front, status quo in monetary policy keep investors on the backfoot

Updated 30 Jan, 2024 09:24pm

Energy

Oil slips on China economic headwinds

LONDON: Oil prices edged lower on Tuesday, extending a more than 1% drop in the previous session on China’s economic...

Updated 30 Jan, 2024 08:31pm

Business & Economy

Corruption Perception Index 2023: Pakistan’s rank improves 7 places

In Transparency International's (TI) latest Corruption Perception Index, Pakistan scores 29 out of 100 points

Updated 30 Jan, 2024 08:28pm

Europe

France will continue to invest in nuclear energy: PM Attal

PARIS: France will continue to invest in nuclear power and develop reactors, the country’s prime minister Gabriel...

Published 30 Jan, 2024 08:28pm

Pakistan

Change of guard?: veterans make way for new blood

There has been an interesting turn of events in Pakistani politics with several prominent figures now stepping back from running in upcoming elections

Published 30 Jan, 2024 08:04pm

Bullion Rate

Gold price per tola increases Rs700 in Pakistan

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

Updated 30 Jan, 2024 08:23pm

Companies

Pfizer posts surprise 4th quarter profit, but key products miss on sales

Pfizer reported a surprise quarterly profit on Tuesday, helped by cost cuts and fewer returns of its COVID treatment...

Published 30 Jan, 2024 08:20pm

Stocks

Sri Lankan shares end higher as consumer staples, consumer discretionary rise

CSE All-Share index settled 0.08% higher at 10,305.12

Published 30 Jan, 2024 08:16pm

Stocks

Saudi leads most Gulf markets lower; Egypt gains

Most stock markets in the Gulf ended lower on Tuesday amid escalating tensions in the region with the Saudi index...

Published 30 Jan, 2024 08:13pm

USA

IMF slashes 2024 Argentina GDP growth forecast, weighs on regional view

NEW YORK: The International Monetary Fund slashed its 2024 economic growth projection for Argentina to a 2.8%...

Published 30 Jan, 2024 06:46pm

Europe

IMF cuts UK growth outlook for 2025 after stronger past performance

LONDON: The International Monetary Fund (IMF) cut its growth forecast for Britain for 2025 on Tuesday after...

Published 30 Jan, 2024 06:42pm

Movies & Music

What to watch this February: ‘Argylle’, ‘Taxali Gate’, ‘Suspicion’

In a prelude to the Academy Awards in March, there is of course, the entire Oscar-worthy list of films to catch up...

Published 30 Jan, 2024 06:40pm

World

IMF revises up Asia’s growth forecast, warns of China risk

TOKYO: The International Monetary Fund (IMF) on Tuesday projected emerging Asian economies would expand 5.2% this...

Published 30 Jan, 2024 06:39pm

World

Debt relief delays could mean ‘disorderly’ defaults: IMF official

JOHANNESBURG: The flagship debt restructuring process for low income countries needs to speed up, otherwise there...

Published 30 Jan, 2024 06:34pm

Middle East

IMF cuts Saudi Arabia’s 2024 GDP forecast amid lower oil production

DUBAI: The International Monetary Fund lowered its 2024 forecast for economic growth in Saudi Arabia to 2.7% on...

Published 30 Jan, 2024 06:29pm

Middle East

Israeli forces kill 3 Palestinians in raid on West Bank hospital

JENIN: Israeli commandos disguised as Palestinians killed three Palestinian in a hospital in the occupied West Bank...

Updated 30 Jan, 2024 06:18pm

Literature

Dubai provides platform for India-Pakistan cultural exchange at Jashn-e-Rekhta

Javed Akhtar, Mahira Khan and Samina Peerzada among attendees highlighting importance of Urdu language

Published 30 Jan, 2024 06:04pm

Companies

GM upbeat on 2024, betting on a ‘resilient’ US economy

DETROIT: General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat...

Published 30 Jan, 2024 05:02pm

Perspectives

Electoral success of parties will depend largely on independent winners

As we approach the general elections, it is clear that predicting outcomes has become more challenging than ever...

Updated 30 Jan, 2024 04:53pm

Money & Banking

ECB likely to cut rates in small increments with pauses

ZAGREB: The exact date for the start of European Central Bank rate cuts is secondary, but once the bank starts...

Published 30 Jan, 2024 04:44pm

Stocks

Profit booking in Reliance, drop in financials weigh on Indian shares

BENGALURU: Indian shares fell on Tuesday as financials, led by Bajaj Finance, dragged the market, while profit...

Published 30 Jan, 2024 04:41pm

Commodities

Copper claws higher on hopes for more Chinese support measures

LONDON: Copper prices edged higher on Tuesday on hopes that top metals consumer China would roll out more measures...

Published 30 Jan, 2024 04:38pm

Commodities

Palm oil dives 2.7% amid plunging rival edible oils, stronger ringgit

SINGAPORE: Malaysian palm oil futures plummeted on Tuesday, extending losses on prolonged weakness in rival edible...

Published 30 Jan, 2024 04:36pm

Pakistan

PSW Integration with IPPC e-Phyto Hub: empowering traders to prosper

KARACHI: In continuation of its ongoing integration with the E-Phyto Hub, Pakistan Single Window (PSW) has commenced...

Published 30 Jan, 2024 04:20pm

Stocks

UK stocks climb on upbeat earnings, signs of easing inflation

The UK’s main stock indexes climbed on Tuesday as investors took comfort from largely upbeat earnings reports, with...

Published 30 Jan, 2024 02:59pm

Forex

Kenyan shilling steady against the dollar

Kenya’s shilling was steady on Tuesday, LSEG data showed. At 0915 GMT, the shilling was quoted at 161.00/162.00 per...

Published 30 Jan, 2024 02:57pm

Stocks

Paris stock market opens with new high

LONDON: European stock markets climbed at the open Tuesday, with Paris reaching a new all-time high. The CAC 40...

Published 30 Jan, 2024 02:52pm

Europe

UN confirms Europe hit record high temperature in 2021

GENEVA: The World Meteorological Organisation confirmed on Tuesday that continental Europe recorded in 2021 its...

Published 30 Jan, 2024 02:51pm

Movies & Music

‘Suits’ sets new streaming record in 2023, eclipsing ‘The Office’

Legal drama ‘Suits’ took the top spot as the most streamed title ever from another audience favorite ‘The Office’ in...

Published 30 Jan, 2024 02:08pm

Commodities

South Korea’s KFA tenders for up to 136,000 tons corn

HAMBURG: The Korea Feed Association (KFA) has issued an international tender to purchase up to 136,000 metric tons...

Published 30 Jan, 2024 01:10pm

Sports

Windies’ Shamar Joseph heading home to hero’s welcome after Gabba glory

West Indies sensation Shamar Joseph has been ruled out of his International League T20 (ILT20) stint and will...

Published 30 Jan, 2024 01:09pm

Forex

Thai baht, South Korean won lead steady Asian FX higher, Fed in focus

Most Southeast Asian currencies steadied on Tuesday as investors held tight ahead of the US Federal Reserve’s policy...

Published 30 Jan, 2024 01:08pm

Business & Finance

Russian central bank to publish more details on key rate discussions this year

MOSCOW: Russia’s central bank on Tuesday said it would start publishing more details on the discussions its board...

Published 30 Jan, 2024 01:07pm

Business & Finance

HSBC fined 57 million pounds for ‘serious’ deposit protection failures

LONDON: The Bank of England said on Tuesday it had fined HSBC 57.4 million pounds ($73 million) for “serious...

Published 30 Jan, 2024 01:05pm

Technology

Webb telescope captures ‘stunning’ images of 19 spiral galaxies

WASHINGTON: A batch of newly released images captured by the James Webb Space Telescope show in remarkable detail 19...

Published 30 Jan, 2024 01:03pm

Business & Finance

SBP to issue new notes

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmed revealed on Monday that SBP has decided to issue new...

Updated 30 Jan, 2024 12:54pm

Middle East

Qatar says Gaza truce proposal to be sent to Hamas as war rages on

GAZA STRIP: A framework to halt the Gaza fighting and for hostage releases is to be relayed to Hamas, mediator Qatar...

Published 30 Jan, 2024 12:37pm

Europe

Macron leaves angry farmers for soon-to-be NATO member Sweden

STOCKHOLM: French President Emmanuel Macron begins a two-day state visit to Sweden on Tuesday, with the Nordic...

Published 30 Jan, 2024 12:39pm

South Asia

Indian navy rescues Iranian fishing boat hijacked by Somali pirates

NEW DELHI: India’s navy said Tuesday it had freed an Iranian fishing vessel hijacked by Somali pirates, the second...

Published 30 Jan, 2024 12:22pm

South Asia

Rescued Indian tunnel worker returns to dig

NEW DELHI: Construction has resumed on an Indian tunnel that collapsed last year, trapping 41 workers for 17 days –...

Published 30 Jan, 2024 12:17pm

USA

UN chief to meet donor nations after refugee agency accusations

UNITED NATIONS: United Nations Secretary-General Antonio Guterres will meet Tuesday with key donors to the UN agency...

Published 30 Jan, 2024 12:15pm

Asia

‘Dynasty in the making’ as Widodo’s shadow hangs over Indonesia vote

JAKARTA: Joko Widodo has led Indonesia for a nearly a decade pledging to do things differently, but he stands...

Published 30 Jan, 2024 12:11pm

Companies

Saudi Aramco halts plan to raise production capacity: statement

RIYADH: Saudi Arabia has ordered energy giant Aramco to maintain its oil production capacity at 12 million barrels...

Published 30 Jan, 2024 12:08pm

Stocks

Hong Kong stocks open with big losses

HONG KONG: Hong Kong stocks opened sharply lower Tuesday morning as investors turned their focus to the previous...

Published 30 Jan, 2024 12:07pm

Sports

Ivory Coast stun AFCON holders Senegal, Cape Verde into quarter-finals

ABIDJAN: Hosts Ivory Coast stunned Senegal at the Africa Cup of Nations on Monday, knocking out the reigning...

Published 30 Jan, 2024 12:06pm

Europe

UK’s Cameron to discuss Houthi attacks on international shipping on Oman visit

British Foreign Secretary David Cameron will travel to Oman on Tuesday where he is expected to call for stability...

Published 30 Jan, 2024 11:47am

Forex

Australia, NZ dollars test resistance, RBNZ tries to ground doves

SYDNEY: The Australian and New Zealand dollars were testing resistance on Tuesday as a sharp fall in Treasury yields...

Published 30 Jan, 2024 11:37am

Mutual Funds

JGB yields track US peers lower despite tepid 2-year note auction

TOKYO: Japanese government bond yields tracked US yields lower on Tuesday after the Treasury Department said it...

Published 30 Jan, 2024 11:29am

Forex

China’s yuan inches up, gains capped by policy easing bets

SHANGHAI: China’s yuan inched higher against the dollar on Tuesday, reflecting falling US Treasury yields overnight,...

Published 30 Jan, 2024 11:27am

Commodities

Palm oil declines amid weaker rival oils, stronger ringgit

SINGAPORE: Malaysian palm oil futures fell on Tuesday, extending losses amid prolonged weakness in rival edible oils...

Published 30 Jan, 2024 11:26am

Stocks

China stocks fall on HK security law, Evergrande jitters

SHANGHAI: China stocks dropped on Tuesday despite regulators’ measures to boost market confidence, as sentiment...

Published 30 Jan, 2024 11:23am

Asia

Japan PM vows to do ‘everything possible’ to boost household income

TOKYO: Japanese Prime Minister Fumio Kishida said on Tuesday his government would do “everything possible” to...

Published 30 Jan, 2024 11:21am

Commodities

Soybeans hit 2-year low amid ample supply and weak demand

CANBERRA: Chicago soybean futures slumped to a two-year low of below $12 a bushel on Tuesday, weighed down by...

Published 30 Jan, 2024 11:17am

Technology

Elon Musk’s Neuralink implants brain chip in first human

The first human patient has received an implant from brain-chip startup Neuralink on Sunday and is recovering well,...

Published 30 Jan, 2024 11:15am

Stocks

Stocks in Asia slip as China property sector worries weigh

SINGAPORE: Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande...

Published 30 Jan, 2024 11:13am

USA

Boeing to withdraw MAX 7 exemption request as safety scrutiny intensifies

WASHINGTON/DUBLIN: Boeing said on Monday it would withdraw its request for a exemption that would have allowed US...

Published 30 Jan, 2024 11:11am

Sports

England’s Mark Wood ‘not annoyed’ by limited role in win over India

England quick Mark Wood said he has no complaints about his limited role in their thrilling win over India in the...

Published 30 Jan, 2024 11:03am

Europe

Russia destroys 21 Ukraine-launched drones over Crimea and Russian regions

Russian air defence systems destroyed or intercepted 21 Ukraine-launched drones over the Crimean Peninsula and...

Published 30 Jan, 2024 10:58am

Asia

Thailand records 2.74mn foreign tourist arrivals so far in 2024

BANGKOK: Thailand received 2.74 million foreign visitors from Jan. 1 to 28, up 40% year-on-year, the tourism...

Published 30 Jan, 2024 10:45am

Petrol price likely to increase from Feb 1

ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1,...

Updated 30 Jan, 2024 10:44am

Commodities

London copper eases ahead of Fed rate decision

London copper prices fell but remained in a tight range on Tuesday as investors and traders exercised caution ahead...

Published 30 Jan, 2024 10:43am

Technology

Tencent chief says gaming business under threat, catching up in AI

HONG KONG: Pony Ma, chief executive and co-founder of Tencent Holdings, has said that the company’s video games...

Published 30 Jan, 2024 10:42am

Mutual Funds

China’s 10-year government bond yields drop to lowest since June 2002

SHANGHAI: China’s 10-year government bond yield dropped to the lowest in more than two decades as investors still...

Published 30 Jan, 2024 10:40am

Business & Finance

Indonesia central bank to continue with FX intervention

JAKARTA: Indonesia’s central bank will continue to intervene in the foreign exchange market when the rupiah comes...

Published 30 Jan, 2024 10:24am

Energy

Red Sea worries cause spike in refined fuel prices, but market will adjust: Russell

LAUNCESTON: The main impact from the escalating tensions in the Middle East and the threat to ships transiting the...

Published 30 Jan, 2024 10:21am

Technology

Japan to offer $300mn for optical chip tech development

TOKYO: Japan’s industry ministry said on Tuesday it will offer around 45.2 billion yen ($307 million) in subsidies...

Published 30 Jan, 2024 10:16am

Forex

Indian rupee flat ducking uptick in Asian peers, forward premiums inch up

MUMBAI: The Indian rupee was largely unchanged on Tuesday, sidestepping an uptick in its Asian peers that were aided...

Published 30 Jan, 2024 10:12am

Stocks

Indian shares open flat, Bajaj Finance slips on earnings miss

BENGALURU: Indian shares were off to a muted start on Tuesday, following a sharp surge in the previous session,...

Published 30 Jan, 2024 10:09am

Mutual Funds

Indian bond yields ease ahead of federal budget

MUMBAI: Indian government bond yields fell in early trade on Tuesday, tracking their US peers, while the broader...

Published 30 Jan, 2024 10:06am

Business & Finance

Toyota keeps crown as world’s top-selling automaker in 2023

TOKYO: Toyota Motor sold a record 11.2 million vehicles in 2023, it said on Tuesday, taking the crown as the world’s...

Published 30 Jan, 2024 10:05am

Bullion Rate

Gold struggles for direction ahead of US Fed decision

Gold prices flitted in a tight range on Tuesday ahead of the US central bank’s verdict on rates and comments from...

Published 30 Jan, 2024 10:02am

Stocks

Australian shares hit over 3-week high; retail sales data in focus

Australian shares rose for a seventh consecutive session on Tuesday led by mining stocks, while investors awaited...

Published 30 Jan, 2024 09:59am

Stocks

Japan’s Nikkei tracks Wall Street higher, tech stocks shine

TOKYO: Japan’s Nikkei share average rose on Tuesday, tracking overnight gains on Wall Street, while investors...

Published 30 Jan, 2024 09:58am

Forex

Dollar keeps tight ranges ahead of Fed, jobs data

TOKYO: The dollar held narrow ranges against its major peers on Tuesday, as traders awaited the Federal Reserve’s...

Published 30 Jan, 2024 09:55am

Asia

North Korea fires cruise missiles into sea, South Korea says

SEOUL: North Korea fired multiple unidentified cruise missiles on Tuesday into the sea off its west coast, South...

Published 30 Jan, 2024 09:53am

Resurrecting dead IP gas pipeline project

Visiting Iranian foreign minister presents ‘workable’ solution

Updated 30 Jan, 2024 09:52am

Pakistan

Criticising judiciary on social media: No action will be taken against journalists, SC assured

ISLAMABAD: Attorney General for Pakistan assured the Supreme Court no action will be taken against the journalists,...

Updated 30 Jan, 2024 09:52am

Pending requests: AGL urges Nepra to issue revised FCC

ISLAMABAD: Attock Gen Limited (AGL) has urged National Electric Power Regulatory Authority (NEPRA) to issue revised...

Updated 30 Jan, 2024 09:51am

CCoE set to approve revised ‘Brownfield Refinery Policy’

ISLAMABAD: The Cabinet Committee on Energy (CCoE) is all set to approve the long-debated revised policy (Brownfield...

Updated 30 Jan, 2024 09:50am

RD on export of precious stones: SIFC panel asks FBR to share taxation procedures

ISLAMABAD: An inter-ministerial panel of the SIFC (Special Investment Facilitation Council) has asked the Federal...

Updated 30 Jan, 2024 09:47am

Third parties on commercial basis: CCI approves 25pc hike in sale price of gas

ISLAMABAD: A meeting of the Council of Common Interests (CCI) has approved increase in sale price of natural gas to...

Updated 30 Jan, 2024 09:46am

Pakistan

Fight against terrorism: Islamabad, Tehran agree on intelligence sharing

ISLAMABAD: Pakistan-Iran on Monday stressed collaborative efforts, better coordination and intelligence sharing to...

Updated 30 Jan, 2024 09:46am

BR Research

Monetary easing still on pause

The monetary policy committee has kept the policy rate unchanged at 22 percent, as per the general analysts’...

Published 30 Jan, 2024 09:07am

BR Research

Thank the Lucky stars!

Earnings that double in a year are not too shabby for any company when an economy is floundering. For Lucky Cement...

Published 30 Jan, 2024 09:05am

BR Research

Nishat Mills Limited

Nishat Mills Limited (PSX: NML), the flagship company of Nishat Group was established in 1951. Being one of the...

Published 30 Jan, 2024 09:02am

FBR restructuring: Cabinet will again take up issue today

ISLAMABAD: The Federal Cabinet will again take up the issue of restructuring of the Federal Board of Revenue (FBR)...

Updated 30 Jan, 2024 08:49am

Six-month budget deficit soars to 2.3pc of GDP

ISLAMABAD: The budget deficit during the first six months of the ongoing fiscal year increased to 2.3 percent of the...

Updated 30 Jan, 2024 08:48am

Development budget: NEC approves suggestions of SIFC apex body

ISLAMABAD: The National Economic Council (NEC) has approved the recommendations of the Apex Committee of the Special...

Updated 30 Jan, 2024 08:47am

BR’s refresher: your morning briefing for the day

Important updates from January 29, 2024

Published 30 Jan, 2024 08:32am

Opinion

Reforming the judiciary: adapting to a new era

In the heart of the courtroom, where the solemnity of justice should reign supreme, there exists a troubling and...

Updated 30 Jan, 2024 05:30am

Opinion

Elections and prospects

As the date for general elections, February 8, 2024, looms, the election campaign scene exhibits some troubling...

Updated 30 Jan, 2024 05:30am

Opinion

Rising poverty

The incidence of poverty has skyrocketed in Pakistan since the Covid-19 pandemic and the disastrous floods of 2022....

Updated 30 Jan, 2024 05:29am

World

Afghan FM calls for ‘constructive engagement’ with Int’l community

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