News Archives for Latest - 2024-12-17

Pakistan

Sindh govt announces 11-day winter vacation for schools, colleges

The Sindh government on Tuesday announced an 11-day winter vacation for public and private schools and colleges...

Published 17 Dec, 2024 10:54pm

Markets

Cabinet body meets to discuss utilisation of Gwadar Port for public sector imports

Committee emphasises utilising Gwadar Port for bulk imports such as wheat, sugar, and urea

Updated 17 Dec, 2024 11:00pm

Markets

Pakistan’s REER index increases further to 102.92 in November 2024

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Updated 17 Dec, 2024 10:56pm

Business & Economy

Japan approves $9.91mn grant for KP’s flood-hit areas

Japan approved on Tuesday a grant worth $9.91 million for improvement of maternal and child health equipment in...

Updated 17 Dec, 2024 10:54pm

Business & Economy

Pakistan records massive $729mn current account surplus in November 2024

This is fourth consecutive month in which Pakistan's current account has posted surplus

Updated 17 Dec, 2024 10:49pm

Commodities

Gold price per tola falls Rs2,100 in Pakistan

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

Updated 17 Dec, 2024 10:40pm

World

Netanyahu holds security briefing atop strategic Syrian peak

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu held a security briefing Tuesday atop a strategic Syrian...

Published 17 Dec, 2024 10:18pm

Europe

France PM under fire for chairing town hall meeting amid cyclone crisis

PARIS: France’s new Prime Minister Francois Bayrou Tuesday fended off a torrent of criticism after he chaired a...

Published 17 Dec, 2024 10:13pm

Stocks

Selling pressure at PSX, KSE-100 settles just below 115,000

Profit-taking comes as SBP cut key policy rate in line with expectations

Updated 17 Dec, 2024 09:50pm

Money & Banking

US Fed begins final 2024 rate meeting with cut expected

WASHINGTON: The US Federal Reserve began its last interest rate meeting of the year on Tuesday, with expectations...

Published 17 Dec, 2024 09:36pm

Europe

Zelensky calls on allies to ‘urgently strengthen Ukraine’ on battlefield

LVIV: Ukraine’s President Volodymyr Zelensky on Tuesday pleaded with other countries to “urgently” send more aid for...

Published 17 Dec, 2024 09:34pm

Energy

Oil dips on demand concerns as investors await Fed meeting

LONDON: Oil prices fell on Tuesday as Chinese economic data renewed demand concerns while investors remained...

Updated 17 Dec, 2024 09:12pm

Pakistan

Aid reaches clashes-hit Kurram district via air ambulance

PESHAWAR: Aid flights landed in Parachinar city of Kurram district in Khyber Pakhtunkhwa (KP) Tuesday where...

Updated 17 Dec, 2024 09:11pm

Pakistan

Khawaja Asif calls PTI’s decision to begin talks with govt ‘positive change’

Defence minister says there has been great deal of hostility in the National Assembly in recent years

Updated 17 Dec, 2024 09:05pm

Business & Economy

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

State Bank of Pakistan (SBP) Governor Jameel Ahmad has said the decline in key policy rate will help the government...

Updated 17 Dec, 2024 09:04pm

Sports

Arsenal cup glory could be springboard for more trophies, says Arteta

LONDON: Mikel Arteta said on Tuesday winning the League Cup could be a launchpad for more silverware as he...

Published 17 Dec, 2024 08:48pm

Sports

Ronaldo confirms wants to take reins of Brazilian football

BRASÍLIA: Brazil legend Ronaldo has confirmed he wants to become president of the country’s football governing body...

Published 17 Dec, 2024 08:46pm

Stocks

US stocks fall as market awaits Fed’s rate decision

NEW YORK: Wall Street stocks pulled back early Tuesday ahead of a Federal Reserve decision on interest rates, as...

Published 17 Dec, 2024 08:16pm

Middle East

Hamas says Gaza truce talks in Doha ‘serious and positive’

DOHA: Hamas said talks in Qatar on Tuesday aimed at a truce and hostage-prisoner exchange in Gaza were “serious and...

Published 17 Dec, 2024 08:15pm

Middle East

Iran’s Khamenei says ‘resistance’ not over after Assad ouster

TEHRAN: Iran’s supreme leader said Tuesday that Israel and the United States were “completely wrong” to imagine the...

Published 17 Dec, 2024 08:12pm

Pakistan

2 cops martyred in attack on police checkpost in KP’s Shangla

At least two cops were martyred while three others injured on Tuesday when terrorists attacked a police checkpost in...

Updated 17 Dec, 2024 07:54pm

USA

Police search for motive in Wisconsin school shooting

Police in Wisconsin on Tuesday were interviewing friends and family and examining the online presence of a...

Published 17 Dec, 2024 06:54pm

Luxury

Local in focus: 5 bridal designers on our radar

With wedding season underway in full force in Pakistan, event planners, florists, photographers and designers are...

Updated 17 Dec, 2024 06:51pm

Europe

Father and stepmother jailed for girl’s murder after UK trial

LONDON: The father and stepmother of Sara Sharif, a 10-year-old girl who was found dead in her home in Britain, were...

Published 17 Dec, 2024 06:35pm

Aid reaches clashes-hit Kurram district via air ambulance

Published 17 Dec, 2024 06:30pm

Stocks

Sri Lankan shares rise for 16th straight session

CSE All-Share index rose 0.11% to 14,516.46

Published 17 Dec, 2024 06:29pm

Stocks

Emaar lifts Dubai to over decade-high; most Gulf shares slip

Dubai’s benchmark share index surged on Tuesday to its highest level in more than a decade, while most other markets...

Published 17 Dec, 2024 06:25pm

Technology

Ireland fines Meta 251mn euros over Facebook hacks

DUBLIN: An Irish regulator helping police European Union data privacy said Tuesday it had fined Facebook-owner Meta...

Published 17 Dec, 2024 06:22pm

Exchange

Rupee registers marginal decline against US dollar

Currency settles at 278.27 against greenback in inter-bank market

Updated 17 Dec, 2024 06:14pm

Middle East

UN says one million Syrians may return in first half of 2025

GENEVA: The United Nations said Tuesday it expects around one million people to return to Syria in the first half of...

Published 17 Dec, 2024 06:02pm

Interior minister Naqvi discusses security cooperation with Saudi counterpart in Riyadh

Published 17 Dec, 2024 05:30pm

PML-N’s Rana Sanaullah says ‘system’ cannot work without dialogue between govt, opposition

Published 17 Dec, 2024 05:24pm

Europe

EU announces extra 1 billion euros in refugee funding for Turkiye

ANKARA: The EU is to give Turkiye an extra one billion euros ($1.05 billion) in funding to care for the Syrian...

Published 17 Dec, 2024 05:19pm

South Asia

Sri Lanka’s economy grew 5.5% in 3Q, strengthens crisis rebound

Sri Lanka’s economy grew 5.5% year-on-year in the third quarter, official data showed on Tuesday as the country...

Published 17 Dec, 2024 05:12pm

Europe

Russian law paves way to recognise Taliban and potentially Syria’s new leadership

MOSCOW: Russia’s parliament passed a law that would allow for the suspension of bans on groups that Moscow has...

Published 17 Dec, 2024 05:02pm

Europe

EU to reopen embassy in Damascus after Assad ouster

STRASBOURG: The EU is to reopen its mission in Damascus following “constructive” talks with Syria’s new leadership...

Published 17 Dec, 2024 04:52pm

Stocks

Indian shares slump on caution before Fed meeting

Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary...

Published 17 Dec, 2024 04:51pm

Middle East

Syria’s new rulers step up engagement with the world

DAMASCUS: Syria’s new rulers stepped up engagement on Tuesday with countries that deemed ousted president Bashar...

Published 17 Dec, 2024 04:46pm

Commodities

Copper drops to 2-week low, surpluses on the horizon

LONDON: Copper prices dropped to two-week lows on Tuesday as worries about demand in top consumer China, partly...

Published 17 Dec, 2024 04:38pm

Commodities

Palm declines for third straight session on poor demand from key markets

KUALA LUMPUR: Malaysian palm oil futures tumbled for a third straight session on Tuesday, pressured by weak demand...

Published 17 Dec, 2024 04:33pm

Middle East

Health ministry in Gaza says death toll at 45,059

GAZA STRIP: The health ministry in Gaza said on Tuesday that at least 45,059 people have been killed during more...

Updated 17 Dec, 2024 04:16pm

Recorder headlines

Published 17 Dec, 2024 04:04pm

Forex

South African rand weakens ahead of Fed decision

JOHANNESBURG: South Africa’s rand slipped against a stronger dollar on Tuesday, as investors turn their attention to...

Published 17 Dec, 2024 03:39pm

Stocks

Dubai hits over a decade high; Most Gulf shares muted

Dubai’s benchmark share index jumped on Tuesday to its highest level in more than a decade, while most other markets...

Published 17 Dec, 2024 03:37pm

Europe

Russia’s Medvedev says Kyiv will face imminent revenge for killing of Russian general, RIA says

MOSCOW: Dmitry Medvedev, deputy chairman of Russia’s Security Council, said on Tuesday that the Ukrainian leadership...

Published 17 Dec, 2024 03:34pm

Forex

Russian rouble steadies above 100 to the US dollar

MOSCOW: The Russian rouble steadied above 100 to the US dollar on Tuesday as the international payments situation...

Published 17 Dec, 2024 03:31pm

South Asia

Iran’s president to make rare visit to Egypt for D-8 summit

DUBAI: Iranian President Masoud Pezeshkian will take part in a summit of big Muslim countries in Egypt on Thursday,...

Published 17 Dec, 2024 03:30pm

Forex

Forint steady before Hungarian rate decision, zloty eases

BUDAPEST: The forint was steady on Tuesday ahead of a meeting of the National Bank of Hungary at which it is...

Published 17 Dec, 2024 03:27pm

Dual nationals in key SBP roles: Govt panel to assess implications

ISLAMABAD: The Federal Cabinet has constituted a committee under the chairmanship of Minister for Planning,...

Updated 17 Dec, 2024 03:25pm

FDI in telecom sector declines

ISLAMABAD: Telecom industry’s Foreign Direct Investment (FDI) contribution to the national exchequer and investment...

Updated 17 Dec, 2024 03:25pm

Solar panels free of charge: Provincial govts’ move leaves policymakers scrambling

ISLAMABAD: The rampant import and installation of solar panels in the country, which is paying over Rs 2 trillion as...

Updated 17 Dec, 2024 03:24pm

Business & Finance

ECB imposes extra capital charge on 13 banks over leverage risk

FRANKFURT: The European Central Bank imposed additional capital charges on 13 euro zone banks this year, judging...

Published 17 Dec, 2024 03:24pm

Rs1.8m GST cuts on services: FBR and top CA firm at loggerheads

KARACHI: The Federal Board of Revenue (FBR) and a top Chartered Accountants (CA) firm are at loggerheads over Rs.1.8...

Updated 17 Dec, 2024 03:23pm

PIA sell-off: Govt will have to own Rs800bn in liabilities: Asif

ISLAMABAD: Minister for Aviation Khawaja Muhammad Asif said the government would have to own Rs800 billion in...

Updated 17 Dec, 2024 03:22pm

Bullion Rate

India’s gold imports to plunge in December after record November

MUMBAI: India’s gold imports are poised for a sharp slowdown in December following record purchases in November, in...

Published 17 Dec, 2024 03:22pm

Africa

At least 34 killed by Cyclone Chido in Mozambique, UN agency says

MAPUTO: At least 34 people have been killed by Cyclone Chido in Mozambique since it made landfall there on Sunday,...

Published 17 Dec, 2024 03:19pm

Europe

Italy will not support EU-Mercosur deal without changes, PM says

ROME: Italy will not support the European Union-Mercosur trade deal that was finalised this month unless it is...

Published 17 Dec, 2024 03:17pm

Business & Finance

Syria central bank sets new FX rate at 15,000 pounds per US dollar

DAMASCUS: Syria’s central bank set its foreign exchange rate at 15,075 pounds per US dollar on Tuesday for official...

Published 17 Dec, 2024 03:15pm

Backing FBR operationalisation: Federal Cabinet approves setting up of ‘NTC’

National Targeting Centre employs advanced technologies and intelligence analysis to identify and prioritise potential threats related to the movement of passengers and cargo

Updated 17 Dec, 2024 02:54pm

Business & Finance

‘IMF exit strategy in place’: Aurangzeb updates PBC on twin deficits progress

KARACHI: Federal Finance Minister Senator Muhammad Aurangzeb briefed the members of Pakistan Business Council (PBC)...

Updated 17 Dec, 2024 02:53pm

China’s fast-growing industry worthy of being imitated: CM

LAHORE: Terming her visit to China as a true reflection of strong bilateral relations and shared commitment to...

Updated 17 Dec, 2024 02:53pm

Commodities

South Korea’s FLC tenders to buy up to 69,000 T corn, traders say

HAMBURG: South Korea’s Feed Leaders Committee (FLC) has issued a tender to purchase 52,000 to 69,000 metric tons of...

Published 17 Dec, 2024 02:51pm

Business & Finance

Australia’s Qantas to pay $76 million to former employees

Australia’s Qantas Airways said on Tuesday that it has reached a settlement with the Transport Workers Union (TWU)...

Published 17 Dec, 2024 02:50pm

Middle East

Israeli airstrikes kill 14 Palestinians in Gaza, tanks push south

CAIRO: Israeli military strikes across the Gaza Strip killed at least 14 Palestinians on Tuesday, at least 10 of...

Published 17 Dec, 2024 02:18pm

South Asia

Adani deal under bribery scrutiny was approved against officials’ advice

NEW DELHI/SINGAPORE: The approach from the Solar Energy Corporation of India (SECI) on Sept. 15, 2021 came out of...

Published 17 Dec, 2024 02:15pm

Commodities

Japan offers to buy 77,220 tons of food wheat via tender

TOKYO: Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) is seeking to buy a total of 77,220 metric...

Published 17 Dec, 2024 01:57pm

Europe

Top Russian general accused by Kyiv of chemical weapons crimes is killed by bomb in Moscow

MOSCOW: A top Russian general accused by Ukraine of being responsible for the use of chemical weapons against...

Updated 17 Dec, 2024 01:47pm

Mutual Funds

JGB yields rise as weak yen drives bets for BOJ rate hike

TOKYO: Japanese government bond (JGB) yields rose on Tuesday, as a weaker yen drove bets that the Bank of Japan may...

Published 17 Dec, 2024 01:44pm

Mutual Funds

Euro zone bond yields broadly steady, eyes on Fed

Euro zone government bond yields held largely steady on Tuesday, as markets readied for the US Federal Reserve...

Published 17 Dec, 2024 01:41pm

Europe

German diplomats to hold talks with HTS representatives in Damascus

BERLIN: German diplomats will hold their first talks with representatives of Hayat Tahrir al-Sham (HTS) in Damascus...

Published 17 Dec, 2024 01:25pm

Travel

Restoring Milan’s Duomo, one statue at a time

MILAN, Italy: In a workshop in the Milan suburbs, sculptor Giovanni Calderino completes his latest project – a...

Published 17 Dec, 2024 01:38pm

Business & Finance

Swiss economy to grow 1.5% next year, government forecasts

ZURICH: The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down...

Published 17 Dec, 2024 01:37pm

Stocks

Oil, healthcare stocks push European shares to two-week lows

European shares fell to two-week lows on Tuesday, led by energy and healthcare stocks, as investors awaited a slew...

Published 17 Dec, 2024 01:33pm

Commodities

Malaysia keeps January crude palm oil export duty at 10%

Malaysia has maintained its January export tax for crude palm oil at 10% and raised its reference price, a circular...

Published 17 Dec, 2024 01:31pm

Sports

India avoid follow-on as third Australia Test heads for draw

BRISBANE: India’s Jasprit Bumrah and Akash Deep pulled off an unlikely 10th-wicket partnership on Tuesday to avoid...

Updated 17 Dec, 2024 01:28pm

South Asia

Iran says awaiting ‘necessary conditions’ to reopen Syria embassy

TEHRAN: Iran’s foreign ministry said on Tuesday that its embassy in Syrian would reopen once the “necessary...

Updated 17 Dec, 2024 01:23pm

Sports

New Zealand crush England to send Southee out on a high

HAMILTON: New Zealand tore through England’s batting Tuesday to crush the visitors by 423 runs in the third Test and...

Published 17 Dec, 2024 01:20pm

Technology

National digital commission to be set up: govt

ISLAMABAD: The government on Monday announced to set up a National Digital Commission, headed by Prime Minister...

Updated 17 Dec, 2024 01:16pm

Sports

New Zealand great Southee bows out after ‘incredible journey’

HAMILTON: Tim Southee said he would never forget his “incredible journey” after the New Zealand great confirmed...

Published 17 Dec, 2024 01:14pm

Asia

Yoon Suk Yeol lawyer says to fight insurrection charge in court: Yonhap

SEOUL: South Korea’s impeached President Yoon Suk Yeol did not commit insurrection by declaring martial law and will...

Published 17 Dec, 2024 01:10pm

Sports

Josh Hazlewood likely to miss rest of Australia-India series

BRISBANE: Australia pace spearhead Josh Hazlewood is likely to miss the rest of the India Test series after injuring...

Published 17 Dec, 2024 01:02pm

World

Mexican and Colombian presidents discuss migration, Latin American unity

MEXICO CITY: Mexican President Claudia Sheinbaum met with her Colombian counterpart Gustavo Petro in Mexico City on...

Published 17 Dec, 2024 12:58pm

USA

Donald Trump picks George Glass as Japan ambassador

US President-elect Donald Trump said on Monday he was picking George Glass, a former diplomat and investment banker,...

Published 17 Dec, 2024 12:49pm

World

US national security adviser Sullivan says Trump should like ‘burden sharing’ AUKUS deal

SYDNEY: The AUKUS nuclear-powered submarine partnership with Australia will benefit the United States and is the...

Published 17 Dec, 2024 12:46pm

Business & Finance

IMF to provide Zambia with $184mn as board review completed

WASHINGTON: The International Monetary Fund said on Monday its executive board completed a review that would provide...

Published 17 Dec, 2024 12:39pm

Technology

Facebook-parent Meta settles with Australia’s privacy watchdog over Cambridge Analytica lawsuit

Meta Platforms has agreed to a A$50 million settlement ($31.85 million), Australia’s privacy watchdog said on...

Published 17 Dec, 2024 12:37pm

USA

At least 100,000 bodies in Syrian mass grave, US advocacy group head says

WASHINGTON: The head of a US-based Syrian advocacy organization on Monday said that a mass grave outside of Damascus...

Published 17 Dec, 2024 12:34pm

Stocks

South Korean shares fall on caution ahead of central bank events

The blue-chip KOSPI shed 19.34 points, or 0.78%, at 2,469.63

Published 17 Dec, 2024 12:18pm

Forex

Thai baht little changed vs US dollar at 0205 GMT

BANGKOK: The Thai baht was little changed in morning trade on Tuesday as investors await policy meetings of both the...

Published 17 Dec, 2024 12:11pm

Stocks

Asian shares drift, dollar firms ahead of central bank meetings

SINGAPORE: Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central...

Published 17 Dec, 2024 12:08pm

Sports

Former England assistant Holland named Yokohama F Marinos manager

Former England assistant coach Steve Holland has been named the new manager of Yokohama F Marinos, the J. League...

Published 17 Dec, 2024 11:58am

Commodities

Palm falls on weakness of rival Dalian oils

KUALA LUMPUR: Malaysian palm oil futures opened lower for a third straight session on Tuesday, tracking weakness in...

Published 17 Dec, 2024 11:51am

Commodities

Copper trades in tight range as investors await Fed rate decision

SHANGHAI: Copper prices flitted within a narrow range on Tuesday as traders took a cautious stance ahead of the US...

Published 17 Dec, 2024 11:48am

Energy

Chevron Australia signs long-term gas supply deal with Alcoa

US oil giant Chevron’s Australian unit said on Tuesday it would supply a total of 130 petajoules of gas to aluminium...

Published 17 Dec, 2024 11:46am

Asia

China hopes new US administration makes ‘right choices’, foreign minister says

BEIJING: China hopes the incoming US administration will make the “right choices” and work with Beijing to eliminate...

Published 17 Dec, 2024 11:37am

Commodities

Iron ore rangebound as lower shipments weigh against soft demand, high stocks

BEIJING: Iron ore futures moved in a tight range on Tuesday, as markets weighed slowed shipments against lacklustre...

Published 17 Dec, 2024 11:27am

USA

US hits North Korea and Russia with new sanctions, Treasury says

WASHINGTON: The United States hit North Korea and Russia on Monday with new sanctions targeting Pyongyang’s...

Published 17 Dec, 2024 11:25am

USA

Teenage girl shoots dead fellow student and teacher at Wisconsin school

A 15-year-old girl opened fire in a Wisconsin school classroom on Monday, fatally shooting a fellow student and a...

Published 17 Dec, 2024 11:14am

Asia

Indonesia’s Prabowo to visit Egypt to attend D-8 economic summit

JAKARTA: Indonesian President Prabowo Subianto will travel to Egypt on Tuesday to attend meetings of a group of...

Published 17 Dec, 2024 11:05am

Technology

Trump, SoftBank CEO announce $100 billion US investment, in echo of 2016 event

Holland PALM BEACH: President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on...

Published 17 Dec, 2024 11:03am

Energy

Abu Dhabi’s ADNOC Gas appoints Fatema Al Nuaimi as new CEO

DUBAI: Abu Dhabi’s ADNOC Gas said on Tuesday that it has appointed Fatema Al Nuaimi as its new chief executive,...

Published 17 Dec, 2024 10:47am

Business & Finance

China plans record budget deficit of 4% of GDP in 2025, say sources

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its...

Published 17 Dec, 2024 10:42am

World

Magnitude 7.4 earthquake hits Vanuatu, one reported dead

WELLINGTON: An earthquake of magnitude 7.4 struck Vanuatu’s capital Port Vila on Tuesday, damaging buildings and...

Published 17 Dec, 2024 10:37am

Mutual Funds

Sri Lanka’s bondholders sign off on $12.55bn debt overhaul

Sri Lanka’s bondholders signed off on the government’s proposal to restructure its $12.55 billion of international...

Published 17 Dec, 2024 10:34am

South Asia

India tightens curbs as air pollution turns ‘severe’

NEW DELHI: India has tightened restrictions aimed at helping the public cope with pollution twice in 24 hours for...

Published 17 Dec, 2024 10:27am

Technology

Alibaba to sell department store chain Intime for $1bn

Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of...

Published 17 Dec, 2024 10:22am

Sports

Nick Kyrgios to team up with Djokovic for Brisbane International doubles

Record 24-times Grand Slam champion Novak Djokovic will team up with former Wimbledon finalist Nick Kyrgios to play...

Published 17 Dec, 2024 10:20am

Sports

Victory coach Patrick Kisnorbo quits to pursue overseas opportunity

Patrick Kisnorbo has resigned as Melbourne Victory manager seven games into the new season to pursue an overseas...

Published 17 Dec, 2024 10:11am

Mutual Funds

India bond yields seen little changed, all eyes on Fed decision

MUMBAI: Indian government bond yields are expected to be largely unchanged on Tuesday, with the benchmark yield in...

Published 17 Dec, 2024 10:08am

Commodities

Soybeans recover some ground but big Brazilian harvest looms

CANBERRA: Chicago soybean futures edged higher on Tuesday after falling in the previous session on...

Published 17 Dec, 2024 10:05am

Bullion Rate

Gold prices steady ahead of Fed policy meeting

Spot gold steadied on Tuesday ahead of the Federal Reserve’s policy meeting as the market keenly awaited the US...

Published 17 Dec, 2024 10:02am

Forex

Australia, kiwi dollars in holding pattern; New Zealand updates budget

SYDNEY: The Australian and kiwi dollars were in a holding pattern on Tuesday with their near-term fate dependent on...

Published 17 Dec, 2024 10:00am

Stocks

Banks help Australia shares rebound; miners and energy lag

Australian shares ended its five-day losing streak on Tuesday as gains in banks outweighed losses by mining and...

Published 17 Dec, 2024 09:57am

Forex

China’s yuan hovers around 13-month low as weak data fuels easing bets

HONG KONG: China’s yuan held near a 13-month low against the dollar on Tuesday, as traders anticipated additional...

Published 17 Dec, 2024 09:55am

Stocks

China stocks drop to 1-1/2-week low as investors eye more stimulus details

SINGAPORE: China and Hong Kong stocks hit their lowest levels in more than a week on Tuesday, as investors were...

Published 17 Dec, 2024 09:53am

Stocks

Japan’s Nikkei rises on Nasdaq strength, weak yen

TOKYO: Japan’s Nikkei share average rose on Tuesday, underpinned by the Nasdaq’s gains overnight and a weak yen,...

Published 17 Dec, 2024 09:50am

Asia

China extends visa-free transit stays to 10 days

HONG KONG: China announced on Tuesday a relaxation of its visa-free transit policy, extending the permitted stay for...

Published 17 Dec, 2024 09:48am

Forex

Indian rupee trade deficit adds to rupee’s challenges, may open to all-time low

MUMBAI: The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from...

Published 17 Dec, 2024 09:41am

Stocks

Indian shares set for muted open; Fed meeting in focus

Indian shares will likely open little changed on Tuesday amid caution ahead of the US Federal Reserve’s Dec. 18...

Published 17 Dec, 2024 09:40am

Forex

Dollar supported as bets on 2025 rate cuts evaporate

SINGAPORE: The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the...

Published 17 Dec, 2024 09:38am

Business & Finance

Jul-Oct LSM output shows -0.64pc contraction YoY

ISLAMABAD: The Overall Large Scale Manufacturing (LSM) sector has shown a growth of -0.64 percent during the first...

Updated 17 Dec, 2024 09:31am

China-Indian Ocean Region Forum: Pakistan reiterates its commitment to marine cooperation

ISLAMABAD: President Asif Ali Zardari virtually attended the 3rd China-Indian Ocean Region Forum on Monday, a...

Updated 17 Dec, 2024 09:24am

Pakistan

Policeman killed guarding polio vaccination team

PESHAWAR: Militants shot a police officer guarding polio vaccinators on Monday, police said, the day after health...

Updated 17 Dec, 2024 09:13am

1,064,639 business women are income tax return filers

ISLAMABAD: A total of 1,064,639 women engaged in businesses/women entrepreneurs in Pakistan are filers of income tax...

Updated 17 Dec, 2024 09:10am

BR Research

Should the SBP be procyclical?

Inflation isn’t the monster it used to be—at least, not for now. But complacency is dangerous. The central bank’s...

Published 17 Dec, 2024 09:04am

BR Research

Borrowing without boom

Amid a 15 percent decline in domestic demand, considerably limited utilization of existing capacity, and no major...

Published 17 Dec, 2024 09:01am

BR Research

Aisha Steel Mills Limited

Aisha Steel Mills Limited (PSX: ASL) was incorporated in Pakistan in 2005 as a public limited company and started...

Published 17 Dec, 2024 08:57am

Business & Finance

TPL Properties launches its first sales office in Karachi

KARACHI: In a significant milestone, TPL Properties (TPLP) has unveiled its inaugural sales office, underscoring its...

Published 17 Dec, 2024 08:56am

Pakistan

FAST Cables signs MoU with IBA and NED

KARACHI: Pakistan’s leading cable brand, FAST Cables, has signed a Memorandum of Understanding (MoU) with the...

Published 17 Dec, 2024 08:56am

Pakistan

CPJ condemns journalist’s killing

NEW YORK: Two unidentified persons shot and killed Malik Zafar Iqbal Naich, a newspaper reporter on Thursday,...

Published 17 Dec, 2024 08:54am

Pakistan

Diamer Basha Dam: Wapda chief reviews construction activities

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (Retd) reviewed construction activities being carried out on project...

Published 17 Dec, 2024 08:54am

Pakistan

Punjab Investment Conference 2024: Advancing economic growth and strategic partnerships

LAHORE: The Punjab Investment conference was held in Shanghai on December 12, 2024. At the conference, significant...

Published 17 Dec, 2024 08:51am

Pakistan

Public representatives for 2024: Punjab PA passes bill to review salaries

LAHORE: The Punjab Assembly on Monday passed a bill with a majority vote regarding a review of the salaries of ...

Published 17 Dec, 2024 08:50am

Energy

LCCI urges govt to reduce electricity tariffs

LAHORE: The Lahore Chamber of Commerce and Industry has urged the government to immediately reduce electricity...

Published 17 Dec, 2024 08:50am

Pakistan

Punjab activates district plastic management body

LAHORE: The Punjab government has activated the District Plastic Management Committees led by the deputy...

Updated 17 Dec, 2024 08:48am

Pakistan

10th anniversary of Army Public School Peshawar’s tragedy marked

LAHORE: Like other parts of the country, the 10th anniversary of the tragic terror incident at Army Public School...

Published 17 Dec, 2024 08:47am

Pakistan

ATC declares 11 PTI workers POs

LAHORE: An anti-terrorism court on Monday declared eleven PTI workers proclaimed offenders (POs) in a case of...

Published 17 Dec, 2024 08:46am

Pakistan

Justice Mansoor highlights urgent need for climate diplomacy

LAHORE: Senior Supreme Court Judge Justice Mansoor Ali Shah on Monday talked in detail on Pakistan’s worsening...

Updated 17 Dec, 2024 08:45am

Opinion

Reimagining chambers of commerce: A catalyst for economic renaissance

In the intricate tapestry of Pakistan’s economic infrastructure, the Chambers of Commerce and Industry (CCIs)...

Updated 17 Dec, 2024 08:41am

BR’s refresher: your morning briefing for the day

Important updates from December 16, 2024

Published 17 Dec, 2024 08:39am

Pakistan

Sindh CM launches 7-day polio eradication campaign

KARACHI: Sindh Chief Minister Syed Murad Ali Shah inaugurated a new polio eradication campaign across the province,...

Published 17 Dec, 2024 08:34am

Industry

TDAP focuses on strengthening agro and food exports to Malaysia

KARACHI: The Trade Development Authority of Pakistan (TDAP), under the Ministry of Commerce, hosted a high-level...

Updated 17 Dec, 2024 08:33am

Energy

Potential increase in petrol prices adjusted by reducing IFEM

ISLAMABAD: The federal government has adjusted the potential increase in petrol prices by reducing the Inland ...

Published 17 Dec, 2024 08:31am

Pakistan

1,591 graduates honoured at IoBM’s 27th convocation

KARACHI: A vibrant sense of excitement and boundless ambition illuminated the faces of the 1,591 graduates as they...

Published 17 Dec, 2024 08:29am

Pakistan

Punjab to get French grant to combat air pollution

LAHORE: French Ambassador HE Nicolas Galey and Chairman P&D Board, Barrister Nabeel Ahmad Awan, signed a...

Published 17 Dec, 2024 08:28am

Commodities

Gold prices down

KARACHI: Gold prices saw a moderate decline on Monday, reflecting a slight dip in global rates, traders said. Gold...

Published 17 Dec, 2024 08:27am

Opinion

Fall in the rate of inflation

The very good news is that there has been a precipitate drop in the rate of inflation, as measured by the Consumer...

Updated 17 Dec, 2024 08:25am

Opinion

APS and after

For a parent, the loss of a child remains a searing wound that just will not heal. And when a parent is one of many...

Updated 17 Dec, 2024 08:24am

Editorials

Debt sustainability analysis

EDITORIAL: A debt sustainability analysis conducted by the Ministry of Finance concluded that its attainment will...

Updated 17 Dec, 2024 08:22am

Opinion

PARTLY FACETIOUS: The concept of flow and stock

“There is the concept of flow and then there is the concept of stock.” “Yes, I know – the stock of energy...

Updated 17 Dec, 2024 08:19am

Editorials

Improvement in business confidence

EDITORIAL: It’s no surprise that results of the Overseas Investors Chamber of Commerce and Industry’s ...

Updated 17 Dec, 2024 08:18am

Energy

SSGC says rehabilitating aging gas distribution infrastructure

KARACHI: Sui Southern Gas Company (SSGC) is currently engaged in the rehabilitation of its aging gas distribution...

Published 17 Dec, 2024 08:16am

Sports

ODI series against South Africa starts today

LAHORE: Pakistan and South Africa are ready to lock horns in a three-match ODI series starting from today at the...

Published 17 Dec, 2024 08:15am

Pakistan

Mazari, others indicted in GHQ attack case

RAWALPINDI: The Anti-Terrorism Court (ATC) on Monday indicted former minister Shireen Mazari and eight other accused...

Updated 17 Dec, 2024 08:11am

Pakistan

Tarar underscores pivotal role of cultural diversity

ISLAMABAD: Federal Minister for Information Attaullah Tarar has underscored the pivotal role of cultural diversity ...

Updated 17 Dec, 2024 08:11am

Pakistan

Cost of Diamer Bhasha Dam increases to Rs1.05trn

ISLAMABAD: Minister for Water Resources Musadik Malik said that the cost of Diamer Bhasha Dam Project has increased...

Updated 17 Dec, 2024 08:10am

Pakistan

Four more Pakistanis die in Greece boat tragedy: FO

ISLAMABAD: The Foreign Office (FO) spokesperson has confirmed the death of four more Pakistanis in boats capsized in...

Updated 17 Dec, 2024 08:09am

Pakistan

PM to leave for Egypt tomorrow for D-8 Summit

ISLAMABAD: Prime Minister Shehbaz Sharif will embark upon a three-day official visit to Egypt on Wednesday to attend...

Updated 17 Dec, 2024 08:08am

Pakistan

Interim bail of Marwat, Shoaib extended

ISLAMABAD: The Anti-Terrorism Court (ATC), on Monday, extended the interim bail of Pakistan Tehreek-e-Insaf (PTI)...

Published 17 Dec, 2024 08:03am

Companies

BankIslami achieves 2024 Euro Clearing Quality Recognition Award

KARACHI: BankIslami recently won the “2024 Euro Clearing Quality Recognition Award” from JP Morgan for achieving...

Published 17 Dec, 2024 08:02am

Business & Finance

Import clearance: FPCCI body urges FBR to restore green channel

KARACHI: The Convener of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on...

Published 17 Dec, 2024 08:00am

Industry

FWCCI urges govt to reduce policy rate by 500 basis points

FAISALABAD: Mrs Shahida Aftab, President Faisalabad Women Chamber of Commerce and Industry (FWCCI) has urged the...

Published 17 Dec, 2024 07:59am

Pakistan

GCUF approves scholarships for Palestinian students

FAISALABAD: In a significant step towards fostering education and solidarity, Government College University...

Published 17 Dec, 2024 07:58am

Pakistan

‘Govt to vaccinate every child against polio’

ISLAMABAD: The federal secretary Ministry of National Health Services and Regulations has reiterated the...

Published 17 Dec, 2024 07:57am

Companies

JazzCash redesigns app user interface

ISLAMABAD: JazzCash, Pakistan’s largest fintech platform has unveiled a new brand identity and redesigned the app...

Published 17 Dec, 2024 07:55am

Pakistan

Khaqan challenges 26th Constitutional Amendment in SHC

KARACHI: Former Prime Minister Shahid Khaqan Abbasi on Monday challenged the 26th Constitutional Amendment in the...

Published 17 Dec, 2024 07:53am

Pakistan

LGH holds workshop on ‘Advanced Trauma Life Support’

LAHORE: Expressing concern over surge in the ratio of accidental deaths and physical disabilities, health...

Updated 17 Dec, 2024 07:52am

Pakistan

Defamation suit: LHC reserves verdict on maintainability of IK’s plea

LAHORE: The Lahore High Court on Monday reserved its verdict on the maintainability of an application of PTI former...

Updated 17 Dec, 2024 07:50am

Pakistan

Mayor says uplift being carried out in all districts

KARACHI: Mayor Karachi Barrister Murtaza Wahab has stated that continuous development is ongoing across all seven...

Published 17 Dec, 2024 07:49am

Pakistan

Minister visits Beijing, meets Chairman SinoMach Group

LAHORE: Provincial Minister for Industries and Commerce Chaudhary Shafay Hussain visited Beijing, following meetings...

Updated 17 Dec, 2024 07:48am

Business & Finance

New property tax assessment system to be effective from 2025: minister

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman has said that the Punjab Excise and Taxation Department...

Updated 17 Dec, 2024 07:46am

Pakistan

Post-arrest bail granted to TikToker

LAHORE: A judicial magistrate on Monday granted post-arrest bail to TikToker Rajab Ali Butt in a case involving...

Updated 17 Dec, 2024 07:45am

Energy

Dhabeji Pumping Station: Power supply timely restored: KE

KARACHI: Electricity supply to the Dhabeji Pumping Station has been timely restored. The minor disruption at the...

Updated 17 Dec, 2024 07:43am

Business & Finance

SECP team visits China to explore market development

ISLAMABAD: A high-level delegation led by Chairman Securities and Exchange Commission (SECP) Akif Saeed, is...

Published 17 Dec, 2024 07:41am

Pakistan

Trade leaders resent leasing of footpaths

KARACHI: Business leaders on Monday resented the leasing of footpaths, fearing that the city mayor's move will...

Published 17 Dec, 2024 07:39am

Opinion

Perilous pattern

Recent political developments allude to a mindset characterized by impulsive decision-making, overenthusiasm,...

Updated 17 Dec, 2024 07:19am

Letters

‘Invest, but not for profit’

This is apropos a Business Recorder op-ed titled “Invest, but not for profit” carried by the newspaper ...

Published 17 Dec, 2024 07:07am

South Asia

India must do more to tax its super-rich: France’s Piketty

NEW DELHI: India should do more to tax its super-rich given its high levels of inequality, French economist and...