News Archives for Latest - 2024-12-16

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Archive - 2024-12-16

South Asia

China, India to hold high-level talks over contested border

BEIJING: China on Monday announced it would hold high-level talks later this week with India on their border...

Published 16 Dec, 2024 10:59pm

Europe

Russia has no place in Syria after Assad fall: EU’s Kallas

BRUSSELS: EU foreign affairs chief Kaja Kallas said Monday the bloc would raise the issue of Russian bases with...

Published 16 Dec, 2024 10:53pm

World

Trump calls rebellion in Syria ‘unfriendly takeover’ by Turkey

WASHINGTON: President-elect Donald Trump characterized the rebel ouster of Syrian strongman Bashar al-Assad by...

Published 16 Dec, 2024 10:48pm

Markets

Fifth successive cut: SBP reduces key policy rate by 200bps, takes it to 13%

Development in line with analysts' expectations

Updated 16 Dec, 2024 10:39pm

Energy

OGDCL revives heavy oil well in Punjab, enhances production capacity

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Updated 16 Dec, 2024 10:29pm

Pakistan

Pakistani death toll in Greek boat tragedy rises to 4: FO

Foreign Office says Pakistan’s Mission in Athens in contact with Greek authorities to facilitate survivors and repatriate dead bodies

Updated 16 Dec, 2024 10:26pm

Europe

Germany’s Scholz loses confidence vote, triggering early elections

BERLIN: Germany’s centre-left Chancellor Olaf Scholz lost a confidence vote on Monday after weeks of turmoil,...

Updated 16 Dec, 2024 10:11pm

Pakistan

PM Shehbaz to visit Egypt for ‘Developing Eight’ countries summit: FO

Prime Minister Shehbaz Sharif will visit Egypt from December 18 to 20, 2024, to participate in the Eleventh Summit...

Updated 16 Dec, 2024 10:07pm

Stocks

Historic high: KSE-100 settles above 116,000 on rate cut anticipation

The Pakistan Stock Exchange (PSX) registered significant gains as the benchmark KSE-100 Index settled above 116,000...

Updated 16 Dec, 2024 10:06pm

Europe

Istanbul death toll from tainted alcohol jumps to 37: governor

ISTANBUL: The death toll from people drinking tainted alcohol in Istanbul jumped to 37, the governor’s office said...

Updated 16 Dec, 2024 09:49pm

Business & Economy

Digital Nation Pakistan Bill tabled in National Assembly

Bill aims to establish a unified digital identity for citizens with centralised social, economic, and governance data

Updated 16 Dec, 2024 09:47pm

Markets

How the key interest rate has moved since July 2022

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday reduced the key policy rate by 200...

Updated 16 Dec, 2024 09:46pm

Exchange

Rupee records marginal decline against US dollar

Currency settles at 278.17 against the US dollar in inter-bank market

Updated 16 Dec, 2024 09:06pm

Markets

‘Interest rate still too high’: business community reacts to SBP’s cut of 200bps

Pakistan business community welcomed the State Bank of Pakistan’s (SBP) decision to cut the key policy rate by 200...

Updated 16 Dec, 2024 09:05pm

USA

Canada deputy PM quits over rift with Trudeau on Trump tariffs

OTTAWA: Deputy Prime Minister Chrystia Freeland in a surprise announcement on Monday quit over disagreements with...

Published 16 Dec, 2024 08:40pm

Sports

Amorim shows teeth as Man Utd boss with ‘brutal’ Rashford call

LONDON: Ruben Amorim is celebrating his biggest win since arriving at Manchester United – with perhaps a hint of...

Published 16 Dec, 2024 08:43pm

USA

Trump transition team plans sweeping rollback of Biden EV, emissions policies

Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for...

Published 16 Dec, 2024 08:36pm

Stocks

US stocks mostly up as market hopes for ‘Santa Claus rally’

NEW YORK: Wall Street stocks mostly rose early Monday, opening a news-heavy week amid optimism that equities will...

Published 16 Dec, 2024 08:24pm

Energy

Oil prices edge down on soft Chinese spending data

Oil futures dropped from their highest levels in weeks on Monday, pressured by weakness in consumer spending in...

Updated 16 Dec, 2024 08:16pm

South Asia

Iran shuts power plants over fuel shortages

TEHRAN: Iran has suspended operations at several power plants over fuel shortages that have been intensified by...

Published 16 Dec, 2024 08:14pm

IT minister Shaza Fatima tables Digital Nation Pakistan Bill 2024 in National Assembly

Published 16 Dec, 2024 08:11pm

Stocks

Dubai outperforms other Gulf markets as Fed rate decision eyed

Dubai’s benchmark share index jumped on Monday to its highest level in more than a decade, lifted by real estate and...

Published 16 Dec, 2024 07:28pm

Pakistan

Pakistan, KSA agree to take steps for narcotics control

Pakistan and Saudi Arabia on Monday agreed to improve narcotics control measures under bilateral cooperation, the...

Published 16 Dec, 2024 07:20pm

Middle East

Assad denies ‘planned’ exit from Syria, calls new leaders ‘terrorists’

DAMASCUS: Bashar al-Assad on Monday said he fled Syria only after Damascus had fallen and denounced the country’s...

Updated 16 Dec, 2024 07:16pm

BR Research

Interview with Usman Asif, Chief Executive Officer, Devsinc

‘I aspire to position Pakistan as a global leader in technology' Usman Asif is the founder and CEO of one of the...

Updated 16 Dec, 2024 07:12pm

Sports

Barca’s Yamal faces 3-4 weeks out with ankle injury

MADRID: Barcelona winger Lamine Yamal is set to miss between three and four weeks after injuring his right ankle in...

Published 16 Dec, 2024 07:11pm

Sports

Real’s Mbappe fit for Intercontinental Cup final in Doha

MADRID: Real Madrid forward Kylian Mbappe has returned after a thigh injury and will travel to Doha for this week’s...

Published 16 Dec, 2024 07:07pm

Pakistan

KP announces 69-day vacations for schools in winter zones

The Khyber Pakhtunkhwa government on Monday announced a 69-day winter vacation in educational institutions located...

Published 16 Dec, 2024 06:26pm

Middle East

Palestinians mourn after Israeli strike kills at least 20, including children, on Gaza’s Khan Younis

CAIRO/GAZA: Relatives of Palestinians killed by Israel in Khan Younis gathered around their white-shrouded bodies on...

Published 16 Dec, 2024 05:58pm

Perspectives

A blueprint for institutional reforms in Pakistan

Regardless of who rules Pakistan, the enduring issues of corruption, governmental inertia, and economic distress...

Published 16 Dec, 2024 05:51pm

Cricket

India’s one-man army Bumrah says fine with bowling workload

Pace spearhead Jasprit Bumrah has been India’s one-man army in the ongoing Test series against Australia and the...

Published 16 Dec, 2024 05:43pm

Commodities

Gold price per tola decreases Rs800 in Pakistan

Gold prices in Pakistan decreased on Monday in line with their decline in the international rate. In the local...

Published 16 Dec, 2024 05:40pm

USA

China says planned US tariff hikes ‘pile errors onto errors’

BEIJING: Beijing said Monday that plans by the United States to hike tariffs on more Chinese imports “pile errors...

Published 16 Dec, 2024 05:24pm

Europe

NATO chief to hold Ukraine talks with Zelensky, European leaders

BRUSSELS: NATO chief Mark Rutte will hold talks with Ukraine’s President Volodymyr Zelensky and several European...

Published 16 Dec, 2024 05:21pm

Sports

Brazil’s fallen ‘Emperor’ Adriano bids farewell to football

RIO DE JANEIRO: Former Brazil and Inter Milan striker Adriano, nicknamed the ‘Emperor’ in his prime, bid farewell to...

Published 16 Dec, 2024 05:15pm

Sports

Maguire says ‘statement’ derby win will boost Man Utd’s belief

LONDON: Harry Maguire says Manchester United’s dramatic “statement” win at Manchester City will boost their belief...

Published 16 Dec, 2024 05:11pm

Stocks

Indian equity benchmarks slip as Fed rate trajectory worries hit IT stocks

India’s benchmark equity indexes fell on Monday, as uncertainty about the U.S. interest rate trajectory beyond the...

Published 16 Dec, 2024 05:10pm

Stocks

Sri Lanka shares end higher as energy, financials gain

CSE All-Share index settled 2.08% higher at 14,500.44

Published 16 Dec, 2024 05:07pm

Commodities

Aluminium prices fall, under pressure from China’s rising output

LONDON: Aluminium prices in London fell on Monday, under pressure from rising output in China and challenges to the...

Published 16 Dec, 2024 05:05pm

Commodities

Palm ends lower on losses in soyoils; weaker ringgit limits decline

KUALA LUMPUR: Malaysian palm oil futures closed lower on Monday for a second straight session, giving up its midday...

Published 16 Dec, 2024 05:03pm

Luxury

Walmart to Gulf Royals: world’s richest add $2trn to their wealth in 2024

The owners of US retail chain Walmart – The Walton family – topped Bloomberg’s annual ranking of the world’s...

Published 16 Dec, 2024 04:58pm

Europe

Kremlin says no final decisions yet on fate of Russian military bases in Syria

MOSCOW: The Kremlin said on Monday that no final decisions had yet been taken on the fate of Russia’s military bases...

Updated 16 Dec, 2024 04:39pm

Technology

Govt set to launch National Digital Commission to drive digitization: Shaza Fatima

Talks with satellite internet service provider in advanced stages, says IT minister

Updated 16 Dec, 2024 04:37pm

Sports

Nepal beat Pakistan by 6 wickets in ACC U19 Women’s Asia Cup

Nepal beat Pakistan by six wickets at the Bayuemas Oval in Kuala Lumpur to qualify for Thursday’s Super-Four Stage...

Published 16 Dec, 2024 04:20pm

Stocks

PSX record rally: more Pakistani companies join billion-dollar club

Number of companies with over billion-dollar capitalisation increases from six in May 2024 to 11 in December 2024

Published 16 Dec, 2024 04:16pm

Meat, bone meal imported from Brazil: customs values revised

ISLAMABAD: Directorate General Customs Valuation Karachi has revised customs values on the import of meat & bone...

Updated 16 Dec, 2024 04:08pm

Pakistan to export medical professionals to KSA

ISLAMABAD: Overseas Employment Corporation (OEC), an attached department of Ministry of Overseas Pakistanis and...

Updated 16 Dec, 2024 04:08pm

FBR directed to provide copies of ADRC orders to applicant

ISLAMABAD: Lahore High Court (LHC) has directed Federal Board of Revenue (FBR) to provide orders passed by the FBR...

Updated 16 Dec, 2024 04:08pm

Europe

Vladimir Putin accuses West of pushing Russia to its ‘red lines’ forcing it to respond

MOSCOW: Russian President Vladimir Putin on Monday accsued the West of pushing Russia to its “red lines” -...

Published 16 Dec, 2024 04:02pm

Recorder headlines

Published 16 Dec, 2024 04:00pm

Forex

Russian rouble unlikely to react to expected key rate hike this week

MOSCOW: The Russian rouble strengthened against the US dollar and the Chinese yuan on Monday with analysts saying...

Published 16 Dec, 2024 03:43pm

Business & Finance

India’s Tata faces pressure in Starbucks joint venture as consumers cut back

India’s Tata Consumer Products “will calibrate” its plans to open Starbucks stores in the near term at a time when...

Published 16 Dec, 2024 03:41pm

Business & Finance

SNB lowers threshold factor for sight deposit interest payments

ZURICH: The Swiss National Bank will lower the threshold factor where it pays interest on sight deposits to...

Published 16 Dec, 2024 03:37pm

Stocks

French stocks lead declines in Europe, business surveys on deck

French stocks led mild losses across European markets on Monday after a surprise ratings downgrade by Moody’s, while...

Published 16 Dec, 2024 03:33pm

Stocks

Dubai shares hit near-decade high, Emaar Properties shines

Dubai stocks jumped on Monday to their highest level in nearly a decade, helped by gains in real estate and finance...

Published 16 Dec, 2024 03:31pm

Energy

PM Modi says India plans to supply LNG to Sri Lanka

NEW DELHI: India plans to supply liquefied natural gas to Sri Lanka’s power plants and will work on connecting the...

Published 16 Dec, 2024 03:30pm

Technology

Britain sets first codes of practice for tech firms in online safety regime

LONDON: Britain’s online safety regime came into force on Monday, requiring social media companies like Meta’s...

Published 16 Dec, 2024 03:28pm

Business & Finance

Bulgaria may meet euro accession criteria soon: EU Commissioner

FRANKFURT: Bulgaria may meet all the conditions for joining the euro zone in the next few months and the European...

Published 16 Dec, 2024 03:25pm

Forex

Kenyan shilling holds steady in slow run-up to Christmas

KAMPALA: The Kenyan shilling held steady in Monday’s trading session compared to its last close, as trading...

Published 16 Dec, 2024 03:22pm

Technology

Malaysia’s Proton launches its first electric vehicle

KUALA LUMPUR: Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the...

Published 16 Dec, 2024 03:19pm

Commodities

Ivory Coast 2024/2025 cocoa arrivals up 32.8% as of Dec. 15

ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached 895,000 metric tons by Dec. 15 since the...

Published 16 Dec, 2024 03:17pm

Travel

Riding subway cars of 1930s New York, and dressing the part

NEW YORK: Nearly a century after the New York subway introduced its iconic “R1-9” fleet, the agency is putting some...

Published 16 Dec, 2024 02:55pm

Stocks

UK stocks dip at start of policy decision-packed week, Entain drops

UK’s FTSE 100 index slipped on Monday ahead of a raft of major central bank interest-rate decisions, with Entain...

Published 16 Dec, 2024 02:47pm

Sports

Jasprit Bumrah urges patience with India team ‘in transition’

BRISBANE: Pace spearhead Jasprit Bumrah urged India fans to show patience with his team after a disappointing...

Published 16 Dec, 2024 02:41pm

Europe

Norway donates $240mn to Ukraine’s navy

OSLO: Norway will provide 2.7 billion kroner ($240 million) to strengthen the Ukrainian navy to help it deter...

Published 16 Dec, 2024 02:40pm

$300m NHSP: Implementation progress moderately satisfactory: World Bank

Objective of the National Health Support Program to strengthen equitable delivery and quality of essential health services at the primary health care level in support of universal health coverage

Updated 16 Dec, 2024 02:38pm

44pc increase in revenue collection: KP has outclassed other provinces: CM

PESHAWAR: KP Chief Minister Ali Amin Gandapur has claimed that despite challenges, his government has outclassed...

Updated 16 Dec, 2024 02:38pm

Europe

EU sending envoy to talk to Syria’s new leaders

BRUSSELS: EU foreign policy chief Kaja Kallas said Monday the bloc’s envoy to Syria was going to Damascus to talk to...

Published 16 Dec, 2024 02:31pm

Europe

At least 30 North Korean soldiers killed and wounded in Russia’s Kursk region: Ukraine

KYIV: Ukraine said Monday that its troops killed or wounded at least 30 North Korean soldiers who had been deployed...

Published 16 Dec, 2024 02:27pm

Europe

Weight-loss drugmaker Novo Nordisk invests $1.2bn in new factory in Denmark

COPENHAGEN: Danish pharmaceutical giant Novo Nordisk, maker of diabetes and weight-loss treatments Ozempic and...

Published 16 Dec, 2024 02:23pm

Europe

Carbon monoxide suspected in 12 deaths at Georgia ski resort: police

TBILISI: Twelve people have been found dead of suspected carbon monoxide poisoning at a ski resort in Georgia,...

Published 16 Dec, 2024 02:18pm

Sports

Indian chess king Gukesh returns to hero’s welcome

CHENNAI: India’s chess star Gukesh Dommaraju returned to a hero’s welcome in his home city on Monday after becoming...

Published 16 Dec, 2024 02:10pm

Govt set to launch National Digital Commission to drive digitization: Shaza Fatima

Published 16 Dec, 2024 02:08pm

Commodities

Iron ore rebounds as China stimulus hopes outweigh weak fundamentals

BEIJING: Prices of iron ore futures rebounded on Monday, as a revival of hopes for monetary easing in top consumer...

Published 16 Dec, 2024 01:57pm

Business & Finance

ECB’s Lagarde flags more rate cuts if inflation continues to ease

FRANKFURT: The European Central Bank will cut interest rates further if inflation continues to ease towards its 2%...

Published 16 Dec, 2024 01:51pm

Energy

Shell invests in Nigeria’s Bonga North deep-water project

Shell said on Monday its Nigerian subsidiary has announced a final investment decision (FID) on Bonga North, a...

Published 16 Dec, 2024 01:50pm

Mutual Funds

Euro zone government bond yields steady but French risk premium rises

LONDON: Euro zone government bond yields held broadly steady on Monday as investors waited for the US Federal...

Published 16 Dec, 2024 01:47pm

Forex

Indonesian rupiah, Malaysian ringgit extend losses; markets eye rate calls

Asian markets wavered on Monday, with the Malaysian ringgit and Indonesian rupiah dipping slightly and stocks...

Published 16 Dec, 2024 01:45pm

Commodities

Saudi Arabia buys 804,000 T of wheat in tender, GFSA says

HAMBURG: Saudi Arabia’s main state wheat buying agency the General Food Security Authority (GFSA) said on Monday it...

Published 16 Dec, 2024 01:43pm

Stocks

Australian shares close at near 1-month low as commodities weigh

Australian shares extended losses to the fifth straight session to fall to a one-month closing low on Monday, with...

Published 16 Dec, 2024 01:34pm

USA

US case against India’s Gautam Adani appears strong but extradition unlikely, experts say

NEW YORK: The US fraud case against Indian billionaire Gautam Adani appears to be backed by documents that will help...

Published 16 Dec, 2024 01:32pm

Forex

China’s yuan slips, central bank offers support amid weakening yields

SHANGHAI: The yuan dipped slightly against the dollar on Monday as China’s central bank pledged to keep the currency...

Published 16 Dec, 2024 01:26pm

Stocks

China stocks weaken after disappointing consumer spending data

Chinese stocks fell on Monday after data showed unexpected weakness in consumer spending, while investors banked on...

Published 16 Dec, 2024 01:23pm

SHC orders FBR to train its officers in adjudication

ISLAMABAD: Sindh High Court (SHC) has directed the Federal Board of Revenue (FBR) that it is high time for FBR and...

Updated 16 Dec, 2024 01:16pm

Sports

Ace spinner Rashid Khan back for Afghanistan Tests in Zimbabwe

KABUL: Rashid Khan is set to play Test cricket for the first time in nearly four years after the world-renowned...

Published 16 Dec, 2024 01:04pm

Sports

Weather rescues India as rain plays havoc with third Australia Test

BRISBANE: Brisbane’s weather came to India’s rescue as most of Monday’s play was lost because of rain on the third...

Updated 16 Dec, 2024 12:59pm

Sports

Man Utd deepen Guardiola’s gloom, Chelsea gain on Liverpool

LONDON: Manchester United scored two late goals on Sunday to deepen the pain for beleaguered Manchester City boss...

Published 16 Dec, 2024 12:53pm

Sports

Cricket commentator sorry for Bumrah ‘primate’ remark

BRISBANE: Broadcaster and former England player Isa Guha apologised on air Monday for calling star India bowler...

Published 16 Dec, 2024 12:52pm

Sports

England captain Stokes limps off in fresh injury scare

HAMILTON: England captain Ben Stokes is in doubt to play any further part in the third Test against New Zealand...

Published 16 Dec, 2024 12:38pm

South Asia

Sri Lanka president in India in first overseas trip

NEW DELHI: Sri Lankan President Anura Kumara Dissanayake was in India Monday for his first overseas visit as head of...

Published 16 Dec, 2024 12:34pm

USA

Trump hosts Shinzo Abe’s widow at Mar-a-Lago

WASHINGTON: US president-elect Donald Trump hosted Akie Abe, the widow of slain former Japanese Prime Minister...

Published 16 Dec, 2024 12:21pm

Sports

Bangladesh grabs seven-run win in West Indies T20 opener

KINGSTOWN: Hasan Mahmud delivered a superb final over as Bangladesh snatched a seven-run win over the West Indies in...

Published 16 Dec, 2024 12:18pm

Europe

Race against time for Mayotte rescuers after cyclone

SAINT-DENIS DE LA REUNION: Rescuers were racing against time Monday to reach survivors after a powerful cyclone hit...

Published 16 Dec, 2024 12:05pm

Sports

Williamson scores big as NZ set 658 for England to win third Test

HAMILTON: England face a colossal target of 658 to win the third Test after Kane Williamson’s century on Monday...

Published 16 Dec, 2024 11:54am

South Asia

Bangladesh to hold elections in late 2025 or early 2026

DHAKA: Bangladesh’s interim leader Muhammad Yunus, who heads the caretaker government installed after an August...

Published 16 Dec, 2024 11:49am

Business & Finance

Japan’s factory activity softens for 6th straight month, PMI shows

TOKYO: Japan’s factory activity shrank for the sixth straight month on lacklustre demand while the service sector...

Published 16 Dec, 2024 11:42am

Mutual Funds

China’s long-term yields hit record lows on easing expectations

SHANGHAI: China’s long-term yields hit record lows in early trade on Monday as easing expectations intensified....

Published 16 Dec, 2024 11:37am

Business & Finance

Indonesia books $4.4bn trade surplus in Nov, beating forecast

JAKARTA: Indonesia posted an unexpectedly large $4.42 billion trade surplus in November, double the figure expected...

Published 16 Dec, 2024 11:35am

Stocks

South Korean shares at more than two-week high after president impeached

KOSPI added 5.60 points, or 0.22%, to 2,500.06

Published 16 Dec, 2024 11:30am

Business & Finance

China November industrial output rises 5.4%, above expectations

BEIJING: China’s industrial output rose 5.4% from a year earlier in November, quickening from October’s 5.3% growth,...

Published 16 Dec, 2024 11:25am

Commodities

Prices steady after weak US export data triggers selloff

CANBERRA: Chicago wheat, corn and soybean futures steadied on Monday after disappointing US export data pushed...

Published 16 Dec, 2024 11:23am

Bullion Rate

Gold firms as focus shifts to Federal Reserve’s policy meeting

Gold prices firmed on Monday as investors turned their focus on the Federal Reserve’s meeting on Dec. 17-18, when it...

Published 16 Dec, 2024 11:21am

Commodities

Some Japan buyers agree to 30% higher aluminium premiums for Q1, sources say

TOKYO: Some Japanese aluminium buyers have agreed to pay a global producer a premium of $228 per metric ton over the...

Published 16 Dec, 2024 11:18am

Forex

Australia, NZ dollars gloomy as markets ponder US rate outlook

SYDNEY: The Australian and New Zealand dollars were constrained by elevated bond yields on Monday as markets...

Published 16 Dec, 2024 11:16am

Stocks

Chips boost Japan’s Nikkei, but caution ahead of key central bank meetings caps gains

TOKYO: Japan’s Nikkei share average climbed on Monday as chip-related shares were boosted by a rise in their US...

Published 16 Dec, 2024 11:13am

Mutual Funds

Indian bond yields edge higher tracking US peers, focus on Fed decision

MUMBAI: Indian government bonds yields inched higher on Monday, tracking US Treasury yields, with focus squarely on...

Published 16 Dec, 2024 11:05am

Stocks

Indian shares set to open Fed-focussed week flat

Indian shares are likely to open little changed on Monday, in line with Asian peers, starting the week with a focus...

Published 16 Dec, 2024 11:03am

Movies & Music

Indian tabla maestro Zakir Hussain dies at 73

Zakir Hussain, considered one of the greatest players of the tabla or Indian drums and known for his “dancing...

Published 16 Dec, 2024 11:00am

Business & Finance

Thai finance minister seeks further rate cut

BANGKOK: Thailand’s finance minister said on Monday he wanted a further interest rate cut to align with low...

Published 16 Dec, 2024 10:57am

Business & Finance

India’s economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

BENGALURU: India’s private sector output grew at the fastest pace in four months, preliminary readings from a survey...

Published 16 Dec, 2024 10:55am

World

Kyrgyzstan’s president dismisses prime minister, RIA reports

Kyrgyz President Sadyr Japarov has dismissed the prime minister, Akylbek Japarov, Russia’s RIA state news agency...

Published 16 Dec, 2024 10:51am

Energy

China’s crude oil imports rebounded in November, but so did storage flows: Russell

LAUNCESTON: China’s crude oil imports in November hit a 14-month high, but much of the additional volume is likely...

Published 16 Dec, 2024 10:48am

Commodities

Palm rebounds on stronger rival Dalian oils, weaker ringgit

KUALA LUMPUR: Malaysian palm oil futures rebounded on Monday, following a recovery in rival Dalian oils and weakness...

Published 16 Dec, 2024 10:45am

Business & Finance

Moody’s Ratings raises China 2025 GDP forecast to 4.2% from 4.0%

HONG KONG: Moody’s Ratings said it had raised China’s 2025 GDP growth forecast to 4.2% from 4.0%, as it expected...

Published 16 Dec, 2024 10:43am

Business community leaders urge SBP to cut interest rate by 5pc

KARACHI: Business community leaders, including S.M. Tanveer, Zubair Tufail, Faisal Moiz Khan, Mazhar Nisar, Haji...

Updated 16 Dec, 2024 09:33am

Dec 16 reminds nation to unite against terrorism: President

ISLAMABAD: President Asif Ali Zardari said the day of December 16, 2014 reminded the nation to get united against...

Updated 16 Dec, 2024 09:25am

Nation stands united against terrorism: PM

LAHORE: Prime Minister Muhammad Shehbaz Sharif reiterated the nation’s unwavering resolve to combat terrorism as he...

Updated 16 Dec, 2024 09:24am

18th Amendment has helped improve healthcare in provinces: Gilani

ISLAMABD: Chairman Senate Yousaf Raza Gilani said on Sunday that the 18th Constitutional Amendment played a crucial...

Updated 16 Dec, 2024 09:17am

LPG price increased by Rs10 in Karachi

KARACHI: Liquefied Petroleum Gas (LPG) users’ problems increased further as shopkeepers have increased LPG price by...

Updated 16 Dec, 2024 09:17am

Forex

Indian rupee to face renewed pressure as US yields climb

MUMBAI: The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on...

Published 16 Dec, 2024 09:06am

Markets

China new home prices fall at slowest pace in 17 months in Nov

BEIJING: China’s new home prices fell at the slowest pace in 17 months, official data showed on Monday, as the...

Published 16 Dec, 2024 08:59am

Forex

Dollar hovers near 3-week high before Fed; bitcoin tops $105,000

TOKYO: The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal...

Published 16 Dec, 2024 08:53am

BR Research

Reforming generation and transmission

NEPRA’s latest report exposes Pakistan’s power sector for what it is: a circus of inefficiency. Over 45,000 MW of...

Published 16 Dec, 2024 08:51am

Stocks

Asia wary of Fed rate future, China data disappoints

SYDNEY: Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations,...

Published 16 Dec, 2024 08:45am

BR’s refresher: your morning briefing for the day

Important updates from December 1 and December 15, 2024

Published 16 Dec, 2024 08:38am

Asia

South Korea court begins review of Yoon impeachment

SEOUL: South Korea’s Constitutional Court will begin on Monday reviewing the impeachment of President Yoon Suk Yeol...

Published 16 Dec, 2024 08:33am

Currency

Bitcoin surges above $106,000 on strategic reserve hopes

Bitcoin surged to a record high above $106,000 in early Asian trade on Monday, boosted by comments from...

Published 16 Dec, 2024 08:14am

Pakistan

Three dead as jeep falls into ravine in Neelum valley

NEELUM: In a devastating road accident, three people were pronounced dead and four other injured when a passenger...

Updated 16 Dec, 2024 08:08am

Letters

Netanyahu mulling ending Gaza genocide?

There are reports that Israeli prime minister Benjamin Netanyahu is mulling ending the genocide in Gaza that has...

Updated 16 Dec, 2024 08:01am

Opinion

CTBCM stillborn

Pakistan’s energy sector stands ensnared in inefficiencies, financial instability, and a chronic inability to...

Updated 16 Dec, 2024 07:58am

Opinion

Invest, but not for profit

The government and other key actors are grappling with conflicting objectives in addressing Pakistan’s economic...

Updated 16 Dec, 2024 07:45am

Opinion

Lack of awareness of IMF conditions

Pakistan’s private sector elite in industry and the farm sectors, major non-institutional recipients of budgeted...

Updated 16 Dec, 2024 07:42am

Editorials

A decade of sorrow, loss and unlearnt lessons

EDITORIAL: The heart-breaking events of December 16, 2014 have been etched into the nation’s collective...

Updated 16 Dec, 2024 07:37am

Editorials

The appalling state of power sector

EDITORIAL: The poor performance of power sector companies cost the exchequer Rs660 billion in FY24 despite a...

Updated 16 Dec, 2024 07:35am

Pakistan

‘Artist talk’ organised

LAHORE: The Alhamra Modern Art Museum, Cultural Complex, Gulberg III, hosted a thought-provoking artist talk...

Published 16 Dec, 2024 07:16am

Industry

PHDEC organises workshop on potato

LAHORE: The Pakistan Horticulture Development and Export Company (PHDEC) recently organized a workshop on potatoes...

Published 16 Dec, 2024 07:09am

Cotton & Textile

Weekly Cotton Review: Prices fluctuate amid robust trading volume

KARACHI: The local cotton market witnessed a continuous fluctuation in prices over the past week. However, the...

Published 16 Dec, 2024 07:07am

St Patrick’s School presents Charles Dickens’ A Christmas Carol

KARACHI: St. Patrick’s School spread the holiday cheer with its annual Christmas program featuring a captivating...

Published 16 Dec, 2024 07:04am

Pakistan

Siddiqul Farooq passes away

ISLAMABAD: A close aide of former Prime Minister Nawaz Sharif, and Pakistan Muslim League (PML-N) senior leader...

Published 16 Dec, 2024 07:01am

Pakistan

JI chief spells out threats to democracy

KARACHI: Jamaat-e-Islami (JI) Pakistan Amir Engr Hafiz Naeemur Rehman has said that trends of interest-centric...

Updated 16 Dec, 2024 06:59am

Pakistan

All set for anti-polio drive today

ISLAMABAD: The government announced on Sunday that last anti-polio campaign of 2024 will begin today (Monday) across...

Published 16 Dec, 2024 06:57am

Pakistan

Two die in petrol tank blast

HUB: Two labourers lost their lives on Sunday when a petrol tank exploded during welding near the Bhawani Gujjar ...

Published 16 Dec, 2024 06:55am

Pakistan

PMD predicts light rain, snowfall in Balochistan

ISLAMABAD: Pakistan Meteorological Department (PMD) predicted on Sunday that mainly cold and dry weather is expected...

Updated 16 Dec, 2024 06:49am

Industry

Minister inaugurates Pakistan Lifestyle Furniture Expo 2024

LAHORE: The provincial minister Ramesh Singh Arora inaugurated the 108th edition of (PLFE) Pakistan life style...

Published 16 Dec, 2024 06:45am

Pakistan

KP govt pays homage to PTI’s ‘martyrs’

PESHAWAR: Khyber Pakhtunkhwa government organised ceremonies to pay homage to ‘PTI’s martyrs of D-Chowk’ here...

Published 16 Dec, 2024 06:43am

Pakistan

Solidarity with APS Peshawar martyrs: Islamabad schools to remain closed today

ISLAMABAD: To express solidarity with the martyrs of 2014 Army Public School (APS) Peshawar tragedy, the government...

Published 16 Dec, 2024 06:41am

Pakistan

The Weather

KARACHI: The weather report on Sunday (December 15, 2024) and the forecast for Monday (December 16, 2024)...