News Archives for Latest - 2024-02-02

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Archive - 2024-02-02

Elections 2024

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Election cell data/infographics by: Aisha Mahmood, Ali Ahmed, Arqam Malik, Hussain Afzal, Rehan Ayub, Syed Ahmed,...

Updated 12 Feb, 2024 02:29pm

Elections 2024

Quote 1

“Vote is not just a paper, the ballot paper will decide about not only your future but also of the generations to...

Updated 05 Feb, 2024 08:22pm

Pakistan

In focus: Maryam Nawaz has evolved, but future is a different realm

Maryam Nawaz, the daughter of former Prime Minister Nawaz Sharif, serves as Pakistan Muslim League-Nawaz’s (PML-N)...

Updated 03 Feb, 2024 11:42am

Pakistan

No casualties reported in blast near ECP office in Karachi

An explosion took place on Friday near the Provincial Election Commission office in Karachi, days before the general...

Published 02 Feb, 2024 11:37pm

Opinion

Economic manifestos of major parties: philosophy, vehicles, and goals

Although elections are right around the corner on February 8, leaving little time for discussion on manifestos, the...

Updated 02 Feb, 2024 10:16pm

Life & Style

‘Fawlty Towers’ stage show to open in London’s West End

LONDON: Classic 1970s comedy show “Fawlty Towers” is hitting the London stage in May in a new theatrical adaptation,...

Published 02 Feb, 2024 09:53pm

Pakistan

Rainy spell forecast for Sindh

KARACHI: The city is expected to see a light drizzle on Friday (today), as the Met Office on Thursday forecast a...

Updated 02 Feb, 2024 09:46pm

Business & Economy

Ahead of election, Pakistan seals detailed plan to sell PIA

Two sources close to the process say 51% stake with full management control would be offered to buyers after parking airline’s debts in a separate entity, under the 1,100 page report from Ernst & Young

Updated 02 Feb, 2024 09:38pm

Business & Economy

Pakistan’s trade deficit contracts 33% to $13.2bn in 7MFY24

Pakistan’s trade deficit shrank 33% to $13.167 billion during July-January (7MFY24) on account of a considerable...

Updated 02 Feb, 2024 09:16pm

Pakistan

Justice Shahid Jamil resigns as LHC judge

Says it was absolute honor to hold office, but for personal circumstances has decided to turn the page and start a new chapter

Updated 02 Feb, 2024 09:10pm

Pakistan

Eggplants, bottles, beds: Pakistan politicians reclaim election symbols

ISLAMABAD: Aamir Mughal brandishes an eggplant before a gaggle of voters, rallying support behind the Pakistani...

Updated 02 Feb, 2024 09:05pm

Commodities

Gold price per tola increases Rs1,400 in Pakistan

Gold prices continued to gain in Pakistan on Friday in line with increase in the international rate. The yellow...

Updated 02 Feb, 2024 09:03pm

Pakistan

Real youth, not ‘mummy-daddy type’ stands with PML-N: Nawaz

In an apparent jab at Pakistan Tehreek-e-Insaf (PTI) supporters, three-time prime minister and Pakistan Muslim...

Updated 02 Feb, 2024 08:22pm

Europe

World Court rules Russia-Ukraine genocide case can go forward

THE HAGUE: Judges at the International Court of Justice (ICJ) on Friday ruled that the case Ukraine started accusing...

Published 02 Feb, 2024 08:19pm

Stocks

Nasdaq, S&P 500 open higher on tech earnings cheer; strong jobs data weighs

The benchmark S&P 500 and the tech-laden Nasdaq opened higher on Friday as investors cheered robust quarterly...

Published 02 Feb, 2024 07:40pm

Stocks

TSX opens lower as materials drag

Canada’s main stock index opened lower on Friday, dragged by material-linked stocks and after stronger-than-expected...

Published 02 Feb, 2024 07:38pm

Sports

Bopanna’s rise ‘motivates’ Aisam ahead of Pakistan-India Davis Cup tie

ISLAMABAD: Pakistan tennis ace Aisam-ul-Haq Qureshi said Friday he was motivated by the rise of his former doubles...

Published 02 Feb, 2024 07:35pm

South Asia

Jailbird: India releases pigeon accused of spying for China

NEW DELHI: A pigeon that spent eight months in Indian police custody has been released after it was finally cleared...

Published 02 Feb, 2024 07:31pm

Middle East

Backs to the wall, Gazans fear Israeli assault on last refuge

Israeli forces shelled the outskirts of the last refuge on the southern edge of the Gaza Strip on Friday, where the...

Published 02 Feb, 2024 07:22pm

Pakistan

ISPR says security forces have killed 24 terrorists in Balochistan’s Mach, Kolpur

In three-day long operations, four members of law enforcement agencies embraced martyrdom along with two innocent civilians, military's media wing adds

Updated 02 Feb, 2024 07:11pm

Forex

Rupee sees slight improvement against US dollar

Currency settles at 279.41 level in inter-bank market

Updated 02 Feb, 2024 07:10pm

Pakistan

Child pneumonia spikes in Pakistan’s smoggy winter

LAHORE: In a Pakistan paediatric ward, a chorus of infant coughs and straining lungs is the toll of a frigid winter,...

Published 02 Feb, 2024 06:54pm

USA

US job growth surges in January; wages rise

WASHINGTON: US job growth accelerated in January, likely as a resilient economy and strong worker productivity...

Published 02 Feb, 2024 07:04pm

Energy

Oil set for weekly loss despite OPEC+ output decision

LONDON: Oil prices dipped slightly on Friday despite the OPEC+ group’s decision to leave its production policy...

Updated 02 Feb, 2024 06:59pm

Stocks

KSE-100 up nearly 1% as bullish trend persists

Bullish momentum persisted at the Pakistan Stock Exchange (PSX) on account of slightly improved economic indicators...

Updated 02 Feb, 2024 06:32pm

Movies & Music

Sanjay Leela Bhansali’s ‘Heeramandi: The Diamond Bazaar’ offers first look

Netflix unveiled the first footage from ‘Heeramandi: The Diamond Bazaar,’ on Thursday – a period drama series...

Published 02 Feb, 2024 06:27pm

Sports

Smith, Green guide Australia to crushing win in 1st West Indies ODI

MELBOURNE: Skipper Steve Smith and Cameron Green eased Australia to a crushing eight-wicket victory over the West...

Updated 02 Feb, 2024 06:14pm

Sports

Real Madrid sign ‘70 million euro’ sleeve sponsor deal with HP

MADRID: Real Madrid announced a sleeve sponsorship deal with information technology company HP on Friday worth a...

Published 02 Feb, 2024 06:10pm

Sports

Lionel Messi expected to play in Hong Kong despite injury worry: coach

HONG KONG: Lionel Messi should be able to take the field for Inter Miami’s pre-season friendly in Hong Kong at the...

Published 02 Feb, 2024 06:08pm

Africa

Three dead, 280 injured in huge Kenya blaze

NAIROBI: A truck laden with gas canisters exploded in a densely populated area of the Kenyan capital, setting off a...

Published 02 Feb, 2024 05:57pm

Sports

Sri Lanka openers take command in Afghanistan Test

COLOMBO: Sri Lanka openers Dimuth Karunaratne and Nishan Madushka put on 80 quick runs in the first day’s final...

Updated 02 Feb, 2024 05:52pm

Sports

Darwin Nunez a doubt for Liverpool’s trip to Arsenal

Top of the table Liverpool could be without forward Darwin Nunez for their crunch Premier League clash at Arsenal...

Published 02 Feb, 2024 05:47pm

Europe

Finland joins NATO operations with fighter jets, mine clearing vessel

HELSINKI: Finland will send up to eight fighter jets and a mine hunting navy vessel to take part in NATO’s joint...

Published 02 Feb, 2024 05:44pm

Technology

US Apple fans get hands on $3,500 Vision Pro

SAN FRANCISCO: US Apple stores on Friday will start selling the Vision Pro, the tech giant’s $3,499 headset and its...

Updated 02 Feb, 2024 05:42pm

Energy

Chevron earnings fall as charges, weak margins clip 2023 profits

HOUSTON: Chevron Corp on Friday reported a sharply lower, $21.3 billion profit for 2023 as earnings from oil...

Published 02 Feb, 2024 05:31pm

Business & Finance

India’s Tata Motors smashes Q3 profit estimates on strong JLR sales

BENGALURU: India’s Tata Motors , the country’s most valuable carmaker, reported a more than two-fold increase in...

Published 02 Feb, 2024 05:30pm

Commodities

India sees annual coal output up 10.9% in 2024/25

NEW DELHI: India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year...

Published 02 Feb, 2024 05:29pm

Sports

Iran should have played Japan in Asian Cup final, not quarters

DOHA: Japan and Iran should have met in the Asian Cup final and not the quarters, Iranian coach Amir Ghalenoei said...

Published 02 Feb, 2024 05:27pm

Business & Finance

Poland’s 2023 budget deficit lower than forecast

WARSAW: Poland’s budget deficit for 2023 came in below the government’s forecast, finance ministry data showed on...

Published 02 Feb, 2024 05:24pm

Technology

Apple’s China sales tumble highlights waning clout as local brands gain

BEIJING: Apple’s weak China sales performance may have shocked investors, but customers and analysts have been...

Published 02 Feb, 2024 05:22pm

Energy

Exxon beats estimates, ends 2023 with a $36 billion profit

HOUSTON: Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading...

Published 02 Feb, 2024 05:19pm

Mutual Funds

India’s 10-year bond yield falls most in 15 months on budget boost

MUMBAI: Indian government bond yields plummeted this week, with the benchmark yield posting its biggest drop in 15...

Published 02 Feb, 2024 05:18pm

Mutual Funds

Bund yield set for weekly fall, investors await US data

Yields in the euro zone benchmark Bund were on track for their biggest weekly fall since mid-December as money...

Published 02 Feb, 2024 05:16pm

Stocks

Sri Lankan shares end higher as financials, industrials gain

BENGALURU: Sri Lankan shares rose for a fourth consecutive session on Friday, helped by gains in financial and...

Published 02 Feb, 2024 05:14pm

Forex

India’s foreign exchange reserves rise to $616.73 billion as of Jan. 26

MUMBAI: India’s foreign exchange reserves rose by $590 million to $616.73 billion as of Jan. 26, data from the...

Published 02 Feb, 2024 05:13pm

Business & Finance

Germany’s lower house of parliament approves 2024 budget

BERLIN: Germany’s lower house of parliament on Friday approved the 2024 budget, sticking to its self-imposed debt...

Published 02 Feb, 2024 05:11pm

Europe

Hungary under pressure to ratify Sweden’s NATO bid after EU deal

BUDAPEST: Pressure is mounting on Hungary to ratify Sweden’s bid to join NATO after Budapest finally joined other...

Published 02 Feb, 2024 05:10pm

Sports

Big Yashasvi Jaiswal hundred steers India to 336-6 against England

VISAKHAPATNAM: Opener Yashasvi Jaiswal produced a gladiatorial 179 not out to steer India to a commanding 336 for...

Updated 02 Feb, 2024 04:56pm

Energy

Sale of total petroleum products dip 4% YoY

Sale of total petroleum products in Pakistan clocked in at 1.38 million tons in January, a decline of 4%...

Updated 02 Feb, 2024 04:12pm

Commodities

Palm oil sees worst week in 9 months as India seeks to curb imports

SINGAPORE: Malaysian palm oil futures extended losses to a fourth session on Friday, marking their worst week in...

Published 02 Feb, 2024 03:57pm

Currency

Indian rupee closes slightly higher, logs weekly gain

MUMBAI: The Indian rupee slightly higher on Friday as dollar demand from state-run banks and importers eroded early...

Published 02 Feb, 2024 03:56pm

Stocks

UK shares climb on airlines, US tech bounce

Britain’s main stock indexes rose on Friday, aided by positive sentiment on Wall Street following upbeat earnings...

Published 02 Feb, 2024 03:53pm

Stocks

Budget boost lifts India’s Nifty 50 to fifth record high in 2024

India’s benchmark Nifty 50 index hit an all-time high for the fifth time this year on Friday, lifted by gains in...

Published 02 Feb, 2024 03:44pm

Stocks

Hong Kong stocks close with more losses

HONG KONG: Hong Kong stocks finished a torrid week with another loss Friday, with traders unable to maintain the...

Published 02 Feb, 2024 03:29pm

Europe

Nearly 60,000 killed in 2023 Turkiye, Syria quake

ANKARA: Last year’s massive earthquake in southeastern Turkiye killed 53,537 people in the country, the interior...

Published 02 Feb, 2024 03:26pm

South Asia

China economic slowdown to persist through 2028: IMF

BEIJING: China’s economic slowdown is likely to persist in the coming years as the Asian giant struggles with...

Published 02 Feb, 2024 03:20pm

Europe

Russian drone attack in Ukraine leaves 40,000 without power

KYIV: Ukraine said Friday that tens of thousands of people were without power after a barrage of two dozen Russian...

Published 02 Feb, 2024 03:11pm

Stocks

European shares jump as earnings continue to impress

European shares opened higher on Friday as traders assessed a flurry of upbeat corporate updates from the region and...

Published 02 Feb, 2024 02:54pm

Technology

Meta, Amazon beat expectations with stellar results

SAN FRANCISCO: Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech...

Published 02 Feb, 2024 02:51pm

South Asia

Malaysia halves jail sentence of ex-prime minister Najib

KUALA LUMPUR: Malaysia halved the jail sentence on Friday of former premier Najib Razak, who was convicted of graft...

Published 02 Feb, 2024 02:38pm

Perspectives

Biden’s conundrum: clock is ticking, Mr President

This past week saw a number of countries suspending their funding to the United Nations Relief and Works Agency for...

Updated 02 Feb, 2024 02:36pm

Stocks

Chinese stocks accelerate slump amid panic selling, investor pessimism

SHANGHAI: Chinese stocks slumped further on Friday, with the Shanghai benchmark index logging its worst week in five...

Published 02 Feb, 2024 02:26pm

Life & Style

Pakistani fashion to decamp in Dubai ahead of festive season

It’s that time of the year when Pakistani fashion, in anticipation of the upcoming festivities of Ramazan and Eid,...

Updated 02 Feb, 2024 01:49pm

Stocks

Nikkei rises on Wall Street strength, US jobs data in focus

TOKYO: Japan’s Nikkei share average advanced on Friday as chip-related stocks tracked overnight gains in Wall...

Updated 02 Feb, 2024 12:40pm

Commodities

Japan futures log first weekly drop in 8 on soft economic data

SINGAPORE: Japanese rubber futures dropped for a second consecutive session on Friday, ahead of the upcoming Lunar...

Published 02 Feb, 2024 12:36pm

Currency

South African rand little changed; global focus on US jobs data

The South African rand was little changed in early trade on Friday, as traders held off from big bets before...

Published 02 Feb, 2024 12:32pm

Stocks

South Korean shares end week sharply higher on decade-high foreign buying

KOSPI closed up 72.85 points, or 2.87%, at 2,615.31

Updated 02 Feb, 2024 12:29pm

Hike in 146 drug prices allowed

Caretaker federal cabinet approves signing of an MoU between the Competition Commission of Pakistan and the State Administration of Market Regulation China

Updated 02 Feb, 2024 11:45am

Commodities

Base metals set for weekly loss on US rate cut views, demand worries

Nonferrous metals prices largely fell on Friday and were set for a weekly decline amid mixed economic signals...

Published 02 Feb, 2024 11:42am

Stocks

Australia shares hit fresh record high on miners, banks boost

Australian shares rebounded to close at a record high on Friday, driven by miners and banks, on hopes that the...

Updated 02 Feb, 2024 11:39am

Forex

Australia, NZ dollars back from the brink as risk rallies

SYDNEY: The Australian and New Zealand dollars scrambled from lows on Friday as a sharp rally on Wall Street rescued...

Published 02 Feb, 2024 10:33am

Stocks

Asian shares buoyed by US tech bounce, payrolls in focus

SYDNEY: Asian shares were buoyed by a late bounce in U.S. tech on Friday as results from Meta and Amazon beat...

Published 02 Feb, 2024 10:27am

Commodities

Palm falls 1% on India efforts to cut edible oil imports

SINGAPORE: Malaysian palm oil futures fell on Friday after top buyer India sought to cut vegetable oil imports,...

Published 02 Feb, 2024 10:23am

Commodities

Gold set for best week in 7 as dollar softens ahead of US jobs data

Gold prices were poised for their biggest weekly gain in seven on Friday as the dollar and Treasury yields...

Published 02 Feb, 2024 10:09am

South Asia

North Korea fires multiple cruise missiles

SEOUL: North Korea fired multiple cruise missiles off its west coast, South Korea’s military said on Friday, the...

Published 02 Feb, 2024 10:04am

Commodities

Iron ore sinks to 2-week low on lingering worries on China’s property woes

Iron ore futures prices extended losses on Friday to their lowest level in two weeks and were set for a weekly fall,...

Published 02 Feb, 2024 10:01am

South Asia

Japan’s government interest costs seen more than doubling over next decade

TOKYO: Japan faces more than a two-fold increase in annual interest payments on government debt to 24.8 trillion yen...

Published 02 Feb, 2024 09:59am

Stocks

Indian shares open higher tracking Asian peers

BENGALURU: Indian shares opened higher on Friday, led by index heavyweights Reliance Industries and ICICI Bank, and...

Published 02 Feb, 2024 09:51am

Forex

Dollar poised for weekly decline; US jobs data up next

SINGAPORE: The dollar fell broadly on Friday in a bout of positive risk sentiment following upbeat big tech earnings...

Published 02 Feb, 2024 09:47am

Karot hydropower project: Chinese firm concerned at curbs on its staff’s movement

ISLAMABAD: Chinese company M/s China Three Gorges South Asia Investment Ltd (CSAIL) has reportedly expressed serious...

Updated 02 Feb, 2024 09:45am

Returns filed on Jan 01: KTBA urges FBR to include corporate taxpayers in ATL 2024

KARACHI: The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to include...

Updated 02 Feb, 2024 09:44am

Pakistan

Country’s foreign missions: Communication systems safe, protected: FO

ISLAMABAD: Amid concerns that Pakistan’s former prime minister Imran Khan might have compromised the security of the...

Updated 02 Feb, 2024 09:43am

Business & Finance

CDWP clears four projects worth Rs138.66bn

ISLAMABAD: The Central Development Working Party (CDWP) has cleared four development projects with a total cost of...

Updated 02 Feb, 2024 09:23am

Transition from Libor to ‘SOFR’ approved: ECC decides to provide subsidy on wheat to G-B

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to provide subsidy on wheat to...

Updated 02 Feb, 2024 09:22am

Telecom sector: FBR launches single sales tax return

ISLAMABAD: The Federal Board of Revenue (FBR) has launched single sales tax return (tax period of January 2024) for...

Updated 02 Feb, 2024 09:21am

Industrial tariff revision: Parleys with IMF in a day or two

ISLAMABAD: The government team is all set to hold a session with International Monetary Fund (IMF) in a day or two...

Updated 02 Feb, 2024 09:20am

Engagement with IPPs: CCoE directs PD to initiate separate case

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed the Power Division to initiate separate case for...

Updated 02 Feb, 2024 08:57am

Senate panel approves ban on export of minerals

ISLAMABAD: The Senate Standing Committee on Commerce on Thursday approved ban on export of both metallic and...

Updated 02 Feb, 2024 08:47am

Pakistan

Bilawal moves into top gear as election nears

KHUZDAR: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has said that only his party can face the...

Updated 02 Feb, 2024 08:46am

BR’s refresher: your morning briefing for the day

Important updates from February 1, 2024

Published 02 Feb, 2024 08:45am

BR Research

Inflation refuses to budge

National headline inflation has shown no signs of cooling off – inching up another 1.8 percent month-on-month in...

Published 02 Feb, 2024 07:58am

BR Research

Power politics: Think beyond price

The political parties in the run-up to the elections are making tall claims of reducing the price of electricity and...

Published 02 Feb, 2024 07:55am

BR Research

Interview with Zeeshan Aftab, Co-Founder & Managing Director - 10Pearls

“The AI revolution is far more powerful than social media and it’s coming.” Zeeshan Aftab is the Co-Founder &...

Published 02 Feb, 2024 07:52am

Pakistan

The Weather

KARACHI: The weather report on Thursday (February 01, 2024) and the forecast for Friday (February 02, 2024)...