News Archives for Latest - 2024-12-04

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Archive - 2024-12-04

South Asia

UN urges Afghan Taliban not to block women’s medical training

KABUL: The UN mission to Afghanistan on Wednesday urged the Taliban government to reconsider a reported plan to ban...

Published 04 Dec, 2024 11:56pm

Currency

Rupee registers marginal decline against US dollar

Currency settles at 277.92 against the greenback in inter-bank market

Updated 04 Dec, 2024 10:57pm

Business & Economy

‘Moving in the right direction’: Aurangzeb highlights economic progress

Federal Minister for Finance and Revenue Muhammad Aurangzeb Wednesday reaffirmed that Pakistan’s macroeconomic...

Updated 04 Dec, 2024 10:49pm

World

Gaza civil defence: thousands flee Israeli strikes, evacuation calls

GAZA STRIP: Gaza’s civil defence agency said the Israeli military issued evacuation calls Wednesday as it heavily...

Published 04 Dec, 2024 10:46pm

Energy

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

Development comes amid decline in country's power usage

Updated 04 Dec, 2024 10:37pm

Markets

National Tax Council meets to discuss tax reforms, harmonisation

Meeting's agenda focuses on fostering collaboration between federal, provincial authorities to enhance tax systems, improve compliance, and boost revenue collection, Finance Division says

Updated 04 Dec, 2024 10:35pm

Pakistan

Dar briefs diplomats on PTI protest situation, reaffirms commitment to strong security in Red Zone

Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday provided a briefing to members of the diplomatic...

Updated 04 Dec, 2024 10:25pm

Pakistan

Five terrorists killed in Lakki Marwat IBO: ISPR

Security forces killed five terrorists and injured two in an intelligence-based operation (IBO) in Khyber...

Updated 04 Dec, 2024 10:25pm

Asia

South Korean president faces impeachment calls after martial law debacle

SEOUL: South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he...

Updated 04 Dec, 2024 10:07pm

Energy

Deals with IPPs: Nishat Chunian Power approves revised agreements with govt

Nishat Chunian Power Limited (NCPL), an Independent Power Producer (IPP), has approved the implementation of amended...

Updated 04 Dec, 2024 09:44pm

Energy

PRL denies reports of importing Russian crude at discounted rates

Pakistan Refinery Limited (PRL), a subsidiary of the Pakistan State Oil Company Limited (PSO), denied reports...

Updated 04 Dec, 2024 09:37pm

Stocks

Bull run at PSX continues as KSE-100 settles above 105,000

The Pakistan Stock Exchange (PSX) continued its merry run with the benchmark KSE-100 Index closing above 105,000 for...

Updated 04 Dec, 2024 09:37pm

Europe

Russia’s Lavrov to visit Malta in first EU trip since Ukraine offensive

MOSCOW: Russian Foreign Minister Sergei Lavrov will travel to Malta on Thursday for an OSCE summit, Moscow...

Published 04 Dec, 2024 08:29pm

South Asia

Bangladesh’s Yunus urges unity to counter ‘Indian aggression’

DHAKA: Bangladesh’s interim leader Muhammad Yunus on Wednesday urged the country’s politicians to keep differences...

Published 04 Dec, 2024 08:26pm

Stocks

US stocks add to records as market eyes Fed rate cut

NEW YORK: Wall Street stocks rose early Wednesday, lifting major indices further into record territory following...

Published 04 Dec, 2024 08:23pm

Energy

Oil prices steady ahead of imminent OPEC+ decision; geopolitical turmoil in focus

Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts...

Updated 04 Dec, 2024 07:42pm

Europe

Scholz says too early to consider German peacekeepers in Ukraine

BERLIN: German Chancellor Olaf Scholz said Wednesday it was too early and “inappropriate” to discuss whether Berlin...

Published 04 Dec, 2024 07:29pm

Commodities

Grains for gold: Indian export curbs drive boom in barter smuggling

PETRAPOLE: Guards on either side of a border checkpoint between India and Bangladesh scour vehicles and frisk...

Published 04 Dec, 2024 07:21pm

Middle East

Blinken says ‘ceasefire is holding’ in Lebanon

BRUSSELS: US Secretary of State Antony Blinken said Wednesday the ceasefire in Lebanon was “holding” despite a...

Published 04 Dec, 2024 06:45pm

Stocks

Most Gulf markets end higher ahead of US jobs data, Powell speech

Most stock markets in the Gulf edged higher in choppy trade on Wednesday, ahead of U.S. jobs data and comments from...

Published 04 Dec, 2024 06:35pm

Sports

Pakistan makes four changes to playing XI for third Zimbabwe T20I

Pakistan have announced their playing XI for the third T20I against Zimbabwe, making four changes to their winning...

Published 04 Dec, 2024 05:22pm

Stocks

Sri Lankan shares end higher on broad-based gains

CSE All-Share index settled up 1.29% at 13,511.73

Published 04 Dec, 2024 05:21pm

South Asia

700 Bangladeshi prisoners still on run after revolution jailbreaks

DHAKA: Around 700 Bangladeshi prison inmates were still on the run after mass jailbreaks over the summer during the...

Published 04 Dec, 2024 05:11pm

South Asia

Nepal, China sign deal on Belt and Road plan, paving way for progress on projects

KATHMANDU: Nepal has signed a framework agreement with China on the Belt and Road initiative, after an initial pact...

Published 04 Dec, 2024 05:09pm

Europe

Russia says Norway state fund would need Moscow’s approval to divest frozen assets

MOSCOW: Norway’s sovereign wealth fund would need approval from the Russian government to divest frozen Russian...

Published 04 Dec, 2024 04:59pm

Stocks

Indian shares inch higher led by financials; Reliance, auto cap gains

Indian shares closed higher for a fourth straight session on Wednesday as financials climbed on growing expectations...

Published 04 Dec, 2024 04:42pm

Commodities

Copper prices slide under pressure from stronger dollar

LONDON: Copper prices in London fell under pressure from a stronger dollar and technical factors on Wednesday while...

Published 04 Dec, 2024 04:39pm

Commodities

Palm futures drop as easing rival oils, stronger ringgit weigh

JAKARTA: Malaysian palm oil futures fell on Wednesday, dragged down by weakness in rival vegetable oils while a...

Published 04 Dec, 2024 04:37pm

Commodities

Gold unchanged at Rs275,200 per tola in Pakistan

Gold prices in Pakistan remained stable on Wednesday, in line with the international rates. In the local market, the...

Published 04 Dec, 2024 04:27pm

‘Moving in the right direction’: Aurangzeb highlights economic progress

Published 04 Dec, 2024 04:05pm

Recorder headlines: December 4, 2024 (4pm)

Published 04 Dec, 2024 04:02pm

Middle East

Lebanon health minister says Israel-Hezbollah war death toll at 4,047

BEIRUT: Lebanese Health Minister Firass Abiad on Wednesday said the toll in more than a year of war between Israel...

Published 04 Dec, 2024 03:51pm

Banks’ ADR recorded at 47pc as of Nov 15th

KARACHI: The banking sector’s gross Advance-to-Deposit Ratio (ADR) maintained its upward trajectory, reaching 47...

Updated 04 Dec, 2024 03:23pm

Govt says IMF programme facing no disruptions

Rejects speculation regarding ‘hiccups’ in the programme’s implementation

Updated 04 Dec, 2024 03:21pm

Stocks

European shares open muted ahead of pivotal vote in France

European were muted at the open on Wednesday as investors braced for a crucial no-confidence vote by French...

Published 04 Dec, 2024 03:17pm

Stocks

Major Gulf markets mixed on geopolitical tensions

Major stock indexes in the Gulf were mixed in largely rangebound trade early on Wednesday, as Israel threatened to...

Published 04 Dec, 2024 03:15pm

Internet shutdown: IT sector suffers $1m per hour loss: P@SHA

ISLAMABAD: Pakistan’s information technology sector suffers losses of more than one million dollars per hour on...

Updated 04 Dec, 2024 02:46pm

As of Nov 30th: Cotton arrivals stand at 5.19m bales: PCGA

LAHORE: According to the cotton statistics released by the Pakistan Cotton Ginners Association (PCGA) as of November...

Updated 04 Dec, 2024 02:46pm

Middle East

Israeli forces advance in Khan Younis area of southern Gaza, 20 killed across enclave

CAIRO: Israeli tanks pushed into northern parts of the Khan Younis area in the south of the Gaza Strip on Wednesday...

Published 04 Dec, 2024 02:34pm

Forex

Euro steady ahead of French no-confidence vote, won roiled by political crisis

TOKYO/LONDON: The euro marked time on Wednesday ahead of France’s no- confidence vote, while the Australian dollar...

Published 04 Dec, 2024 02:31pm

Asia

Death toll rises to 29 in southern Thailand floods

BANGKOK: More than 30,000 people have been forced to flee their homes due to severe flooding in southern Thailand,...

Published 04 Dec, 2024 01:59pm

South Asia

Gunman held after failed attack on Sikh leader in India

AMRITSAR: A gunman who attempted to shoot a Sikh political leader at the faith’s holiest shrine in India was...

Published 04 Dec, 2024 01:56pm

Sports

Australia look to boss India with pink ball under Adelaide lights

MELBOURNE: With noses bloodied and pride stung from the pounding in Perth, Australia will look to hit back with the...

Published 04 Dec, 2024 01:51pm

Europe

French lawmakers set to vote on ousting Prime Minister Barnier

PARIS: French lawmakers will vote on Wednesday on no-confidence motions which are all but certain to oust the...

Published 04 Dec, 2024 01:35pm

Mutual Funds

French bonds hold steady ahead of make-or-break vote

LONDON: French government bonds traded steadily on Wednesday ahead of a vote in France’s parliament on no-confidence...

Published 04 Dec, 2024 01:34pm

Sports

Heinrich Klaasen to captain South Africa’s T20 side as Markram rested

JOHANNESBURG: Heinrich Klaasen will captain South Africa in three Twenty20 matches against Pakistan next week,...

Published 04 Dec, 2024 01:31pm

Europe

NATO agrees protecting Ukraine infrastructure is priority, Rutte says

BRUSSELS: NATO members agreed at a meeting with Ukraine’s foreign minister on Tuesday evening that providing air...

Published 04 Dec, 2024 01:29pm

World

UK’s David Lammy: hand of Russia seen in many world conflicts at present

BRUSSELS: Russia’s involvement can be seen in many of the wars currently taking place across the world, said British...

Published 04 Dec, 2024 01:26pm

Asia

South Korea rushes to stabilise markets after Yoon’s martial law bid

SEOUL: South Korea’s finance ministry said on Wednesday it was ready to deploy “unlimited” liquidity into financial...

Published 04 Dec, 2024 01:24pm

Aurangzeb calls for taxing wholesale, retail sectors

Finance minister assures all possible facilitation to small traders in this process

Updated 04 Dec, 2024 01:19pm

World Bank estimates total external debt stocks at $130.847bn by end 2023

ISLAMABAD: The World Bank (WB) has estimated Pakistan’s total external debt stocks at $130.847 billion by end 2023...

Updated 04 Dec, 2024 01:18pm

Commodities

Turkiye gets offers in 100,000 T durum wheat sale tender, traders say

HAMBURG: The highest price offered in the tender from Turkiye state grain board TMO to sell and export 100,000...

Published 04 Dec, 2024 01:12pm

Forex

Ugandan shilling broadly stable with bias on weaker side

KAMPALA: The Ugandan shilling was broadly stable on Wednesday with some appetite for dollars from energy importers...

Published 04 Dec, 2024 01:11pm

Commodities

London copper muted as dollar regains ground

London copper prices were subdued on Wednesday as the dollar regained some ground, while concerns over China’s...

Published 04 Dec, 2024 01:10pm

Sports

Pressure mounts on West Ham manager Lopetegui after loss at Leicester

LONDON: Julen Lopetegui’s future as West Ham United manager looked even more uncertain in the wake of their 3-1...

Published 04 Dec, 2024 01:09pm

Sports

With Champions Trophy looming, Pakistan rest Shaheen Afridi for South Africa Tests

LAHORE: Speedster Shaheen Afridi has been left out of Pakistan’s squad for a two-Test series in South Africa in a...

Published 04 Dec, 2024 01:03pm

Business & Finance

ECB rate cut of 25 bps possible, not more, ECB’s Holzmann tells paper

VIENNA: It is “conceivable” that the European Central Bank will cut interest rates by 25 basis points at its next...

Published 04 Dec, 2024 12:46pm

Energy

Bangladesh’s RPGCL seeks LNG cargoes for Dec-Jan delivery, document shows

SINGAPORE: Bangladesh’s Rupantarita Prakritik Gas Co Ltd (RPGCL) is seeking three liquefied natural gas (LNG)...

Published 04 Dec, 2024 12:41pm

Europe

Britain, Qatar to sign agreement on financial services

LONDON: Britain and Qatar will sign a memorandum of understanding on Wednesday to promote cooperation in financial...

Published 04 Dec, 2024 12:28pm

Business & Finance

Zimbabwe central bank keeps policy rate at 35%

HARARE: Zimbabwe’s central bank said on Wednesday that its Monetary Policy Committee (MPC) had met and decided to...

Published 04 Dec, 2024 12:19pm

Sports

KL Rahul keeps India’s batting line-up a closely guarded secret

KL Rahul has refused to divulge the makeup of India’s opening partnership for the second test against Australia amid...

Published 04 Dec, 2024 12:16pm

Europe

Depleted by war, Ukraine gives absconding soldiers second chance

KYIV: As Ukraine’s military struggles to find enough troops, particularly infantry, to hold off Russia’s much larger...

Published 04 Dec, 2024 12:12pm

Forex

Kenyan shilling unchanged, supported by diaspora dollar inflow

NAIROBI: The Kenyan shilling was unchanged on Wednesday, supported by dollar inflows from diaspora money transfers,...

Published 04 Dec, 2024 12:01pm

Commodities

Rio Tinto raises 2025 copper production view on Mongolia’s Oyu Tolgoi ops boost

Australian mining giant Rio Tinto forecast higher consolidated mined copper production for fiscal 2025 on Wednesday,...

Published 04 Dec, 2024 11:51am

Europe

UN seeks $47 billion in aid as donor appetite shrinks while crises multiply

GENEVA: The United Nations on Wednesday sought $47 billion in aid for 2025 to help around 190 million people fleeing...

Published 04 Dec, 2024 11:46am

Sports

Novak Djokovic to play at Brisbane International ahead of Australian Open

Novak Djokovic will begin his preparations for next month’s Australian Open by playing at the Brisbane International...

Published 04 Dec, 2024 11:39am

Commodities

Palm oil futures rise in Malaysia on Dalian’s market boost

JAKARTA: Malaysian palm oil futures rose for a second consecutive session on Wednesday, fuelled by the strength in...

Published 04 Dec, 2024 11:36am

Commodities

Iron ore dips as trade tensions between China and US escalate

BEIJING: Iron ore futures prices slid on Wednesday on risk-off sentiment spurred by the escalation of trade tensions...

Published 04 Dec, 2024 11:33am

Business & Finance

Thai November headline inflation misses forecast, below central bank target

BANGKOK: Thailand’s headline consumer price index (CPI) rose 0.95% in November from a year earlier, driven by higher...

Published 04 Dec, 2024 11:31am

Stocks

South Korea stocks slide as President Yoon’s failed martial law bid stokes turmoil

The benchmark KOSPI was down 41.70 points, or 1.67%, at 2,458.40

Published 04 Dec, 2024 11:26am

Stocks

China stocks dip on slower services growth, trade war worries

HONG KONG: China stocks weakened on Wednesday, while Hong Kong stocks were flat as slower services sector growth and...

Published 04 Dec, 2024 11:23am

Forex

Yuan rebounds from 13-month low after firmer midpoint fixing

SHANGHAI: The Chinese yuan edged up on Wednesday from a 13-month low against the dollar following firmer guidance by...

Published 04 Dec, 2024 11:21am

Commodities

Soybeans ease on Brazilian crop outlook; wheat nudges higher

SINGAPORE: Chicago soybeans futures slid on Wednesday, giving up some of the gains from the previous session, as the...

Published 04 Dec, 2024 11:19am

Business & Finance

Australia’s Q3 GDP growth disappoints hopes for a rebound

SYDNEY: Australia’s economy grew at the slowest annual pace since the pandemic in the third quarter, disappointing...

Published 04 Dec, 2024 11:17am

Stocks

Asian stocks slip, rattled by South Korean political unrest

SINGAPORE: Asian equities stumbled on Wednesday while currencies were volatile as traders scrambled to contend with...

Published 04 Dec, 2024 11:15am

Business & Finance

Indian steel mills feel crunch from cheap Chinese imports

India’s construction boom with its gleaming highrises and multilane highways was supposed to drive up domestic steel...

Published 04 Dec, 2024 11:12am

Bullion Rate

Gold steady; all eyes on US jobs data, Fed Chair’s speech

Gold prices steadied on Wednesday as markets awaited US jobs data and comments from Federal Reserve Chair Jerome...

Published 04 Dec, 2024 11:08am

Mutual Funds

Indian bond yields seen little changed, traders eye RBI policy decision

MUMBAI: Indian government bond yields are expected to be largely flat in early deals for the second straight session...

Published 04 Dec, 2024 11:05am

Forex

Indian rupee finds mild relief as yuan nudges higher, portfolio outflows ease

MUMBAI: The Indian rupee was a tad stronger on Wednesday, supported by gains in the Chinese yuan and on dwindling...

Published 04 Dec, 2024 11:00am

Stocks

Indian shares open marginally higher

Indian shares opened marginally higher on Wednesday after a three-session winning streak, with traders expecting the...

Published 04 Dec, 2024 10:58am

Forex

Australian dollar hits 4-month low as economy undershoots

SYDNEY: The Australian dollar skidded to four-month lows on Wednesday as surprisingly soft economic data led markets...

Published 04 Dec, 2024 10:55am

Stocks

Japan’s Nikkei slips on profit-taking after two-day winning streak

TOKYO: Japan’s Nikkei share average edged down on Wednesday, with investors booking profit after two straight days...

Published 04 Dec, 2024 10:51am

Stocks

Banks, real estate push Australian shares lower; miners cushion blow

Australian shares fell on Wednesday, after scaling an all-time high in the previous session, dragged down by...

Published 04 Dec, 2024 10:48am

Forex

Dollar holds ground as Fed path pondered; won stable after martial law lifted

TOKYO: The US dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other...

Published 04 Dec, 2024 10:44am

Business & Finance

Cartelization, collusion practices: CCP asked to expedite inquiries

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb has directed the Competition Commission of...

Updated 04 Dec, 2024 09:31am

MoC to form body to draft comprehensive edible oil policy: minister

ISLAMABAD: The Commerce Ministry will constitute a committee to draft a comprehensive edible oil policy aimed at...

Updated 04 Dec, 2024 09:28am

FBR tells SC: Rs880m recovered from people holding foreign accounts, properties

ISLAMABAD: The Federal Board of Revenue (FBR) informed the Constitutional Bench of the Supreme Court that Rs880...

Updated 04 Dec, 2024 09:24am

Business & Finance

Share swap arrangement: UBL approves amalgamation with SBL

KARACHI: The Board of Directors of United Bank Limited (UBP) has approved the amalgamation of Silk Bank Limited...

Updated 04 Dec, 2024 09:23am

MPs grill MNFS&R for failure to protect agri sector

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) came under heavy criticism from...

Updated 04 Dec, 2024 09:19am

BR Research

Khyber Textile Mills

Khyber Textile Mills (PSX: KHYT) was incorporated as a Public Limited Company in Pakistan in 1961. The company was...

Published 04 Dec, 2024 08:43am

BR Research

November ignites petroleum sales

After a strong October, November 2024 also proved favorable for the oil marketing companies, as the sector’s...

Published 04 Dec, 2024 08:50am

BR’s refresher: your morning briefing for the day

Important updates from December 3, 2024

Published 04 Dec, 2024 08:36am

Opinion

Status of women development in Pakistan—II

The free and compulsory primary education has been focused in each successive government’s education...