News Archives for Latest - 2024-12-26

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Archive - 2024-12-26

Europe

Putin says Slovakia could host peace talks with Ukraine

MOSCOW: Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace...

Published 26 Dec, 2024 11:04pm

World

Arab League urges Iran not to fuel ‘strife’ in Syria

CAIRO: The Arab League regional bloc called on Iran on Thursday not to fuel “strife” in Syria, after the ouster of...

Published 26 Dec, 2024 10:56pm

Taxes

Pakistan’s top 5% earners liable to pay Rs1.6trn in taxes, says FBR chief

During press conference alongside finance minister, Langrial says income tax evasion happening at massive scale

Updated 26 Dec, 2024 10:53pm

Forex

SBP-held foreign exchange reserves decrease $228mn, now stand at $11.85bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $228 million on a weekly basis,...

Updated 26 Dec, 2024 10:52pm

South Asia

Manmohan Singh, India’s reluctant prime minister, dies aged 92

NEW DELHI: Described as a “reluctant king” in his first stint as prime minister, the quietly spoken Manmohan Singh...

Published 26 Dec, 2024 10:27pm

World

Russian air defenses may have hit Azerbaijan plane: US official

WASHINGTON: A US official said Thursday that early indications suggest a Russian anti-aircraft system struck an...

Published 26 Dec, 2024 10:34pm

Pakistan

Pakistan conducted anti-terrorist operation in border area ‘based on authentic intelligence’: FO

FO says Pakistan remains engaged with Afghan authorities on all priority issues

Updated 26 Dec, 2024 10:26pm

Industry

Pakistan, Turkiye agree to explore new avenues in agriculture, technology

Pakistan and Turkiye agreed to explore new avenues for partnership under the Strategic Economic Framework (SEF),...

Published 26 Dec, 2024 10:03pm

Middle East

Israel strikes Yemen’s Sana’a airport, ports and power stations

Yemen's Houthis have repeatedly fired drones, missiles towards Israel, vowing their support, solidarity with Palestinians in Gaza

Published 26 Dec, 2024 09:38pm

Sports

Bowlers bring Pakistan back into first Test in South Africa

CENTURION: Pakistan’s bowlers hit back after the tourists were bowled out for 211 on the first day of the first Test...

Updated 26 Dec, 2024 09:40pm

Pakistan

May 9 riots: Imran Khan’s nephew among 60 more sentenced by military courts

ISPR says civilians handed prison terms ranging from 2 to 10 years

Updated 26 Dec, 2024 09:27pm

Stocks

Wall Street slips as rising yields pressure some shares

Wall Street’s main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some...

Published 26 Dec, 2024 09:03pm

Stocks

KSE-100 loses nearly 2,000 points amid severe selling pressure

Selling pressure persisted at the Pakistan Stock Exchange (PSX) with the benchmark KSE-100 Index losing nearly 2,000...

Updated 26 Dec, 2024 08:58pm

Stocks

Dubai index hits over a decade high again; most Gulf shares down

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

Published 26 Dec, 2024 08:51pm

Pakistan

Army officer martyred, 13 terrorists killed in separate operations in KP: ISPR

An army officer was martyred, and thirteen terrorists were killed during three separate intelligence-based...

Published 26 Dec, 2024 08:41pm

Energy

PSO board approves SPA execution with Azerbaijan’s SOCAR

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSO), the largest fuel marketing company in the...

Updated 26 Dec, 2024 07:54pm

PM Shehbaz visits Embassy of Azerbaijan for condolences over plane crash in Aktau

Published 26 Dec, 2024 07:54pm

Money & Banking

Turkiye begins cutting rates after inflation-fighting drive

ISTANBUL: Turkiye’s central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than...

Published 26 Dec, 2024 06:48pm

Energy

Oil edges up on China stimulus hopes, US inventory drop

LONDON: Oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China,...

Updated 26 Dec, 2024 06:43pm

Energy

OGDCL revives well in Hyderabad, enhances oil production

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

Updated 26 Dec, 2024 06:30pm

South Asia

Bangladesh to investigate 2009 mutiny massacre

DHAKA: Bangladesh on Thursday ordered a commission to investigate a failed 2009 army mutiny and subsequent...

Published 26 Dec, 2024 06:26pm

Forex

Rupee registers marginal gain against US dollar

Currency settles at 278.37 against greenback in inter-bank market

Updated 26 Dec, 2024 06:19pm

Europe

Russia: It’s up to Trump team to make first move to improve ties

MOSCOW: Russia is willing to work with Donald Trump’s incoming administration to improve relations if the U.S. has...

Published 26 Dec, 2024 06:13pm

Commodities

Asia rice: Rupee plunge pulls Indian rice rates to 17-month low

Indian rice export prices extended declines to a 17-month low this week on depreciation in rupee to a record low,...

Published 26 Dec, 2024 06:06pm

Sports

India’s Kohli fined for shoulder bump with Konstas

MELBOURNE: India’s Virat Kohli has been fined 20% of his match fees following a clash of shoulders with debutant...

Updated 26 Dec, 2024 06:02pm

Middle East

Gaza medics say Israeli strike kills five journalists, Israel says it hit fighters

CAIRO/GAZA: Gaza authorities said an Israeli airstrike killed five Palestinian journalists outside a hospital on...

Published 26 Dec, 2024 05:58pm

Commodities

Gold price per tola gains Rs1,400 in Pakistan

Gold prices in Pakistan gained on Thursday in line with their increase in the international rate. In the local...

Published 26 Dec, 2024 05:44pm

South Asia

Indian economy to grow at around 6.5% in FY25, government says

India is expected to grow at around 6.5% in the fiscal year 2024/25, closer to the lower-end of its 6.5%-7%...

Published 26 Dec, 2024 05:28pm

Stocks

Indian equity benchmarks close flat amid lack of triggers

India’s benchmark indexes ended little changed on Thursday amid a lack of major triggers and thin trading as the...

Published 26 Dec, 2024 05:21pm

Stocks

Financials, communication services boost Sri Lankan shares

CSE All-Share index ended 1.53% higher at 15,400.53

Published 26 Dec, 2024 05:18pm

Commodities

Palm falls on heavy selling, weakness in Dalian palm olein

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday after the Christmas break, driven lower by heavy selling...

Published 26 Dec, 2024 05:15pm

Recorder headlines

Published 26 Dec, 2024 04:22pm

Trump’s incoming envoy calls for IK’s release

WASHINGTON: Richard Grenell, who has been picked by United States (US) President-elect Donald Trump as presidential...

Updated 26 Dec, 2024 03:39pm

Estate of Muslim relative: LHC says non-Muslim not entitled to inherit any share

LAHORE: The Lahore High Court (LHC) held the other day that a non-Muslim is not entitled to inherit any share from...

Updated 26 Dec, 2024 03:39pm

Auction for 5G: Consultancy firm NERA backs telecom operators’ demands

ISLAMABAD: The National Economic Research Associates Inc (NERA) – US-based international consultancy firm hired for...

Updated 26 Dec, 2024 03:38pm

Companies

Board of Directors of ZIL Limited appoints Muhammad Irfan-ul-Haq as CEO

ZIL Limited, a name in beauty and personal care for decades, has appointed Muhammad Irfan-ul-Haq as Chief Executive...

Published 26 Dec, 2024 03:30pm

Purchase of property thru non-banking transactions: Buyers and sellers will face penalty

ISLAMABAD: After heavy taxation on buying/selling of immovable properties and increase in Federal Board of Revenue’s...

Updated 26 Dec, 2024 03:14pm

Stocks

Dubai outperforms other Gulf markets in early trade

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

Published 26 Dec, 2024 03:13pm

Europe

Russia’s security must be guaranteed by any Ukraine peace deal, Lavrov says

MOSCOW: Russia sees no point in a weak ceasefire to freeze the war in Ukraine but Moscow wants a legally binding...

Published 26 Dec, 2024 02:50pm

2,160MW Dasu project: Ministry told to speed up revised PC-1 process

Ministry of Economic Affairs asks Ministry of Water Resources to ensue availability of the Additional Financing for implementation of the project activities

Updated 26 Dec, 2024 02:47pm

SOEs’ boards: Clearance by ISI, IB mandatory for nominees

ISLAMABAD: The federal government has made it mandatory for the nominees of the Board of Directors (BoDs) of...

Updated 26 Dec, 2024 02:46pm

Technology

BYD contractor denies ‘slavery-like conditions’ claims by Brazilian authorities

BEIJING: Chinese electric vehicle producer BYD’s contractor Jinjiang Group stated on Thursday that the Brazilian...

Published 26 Dec, 2024 01:30pm

Mutual Funds

JGB yields rise tracking US Treasury yields higher

TOKYO: Japanese government bond (JGB) yields rose on Thursday, tracking rises in US Treasury yields, while market...

Published 26 Dec, 2024 12:49pm

Business & Finance

World Bank raises China’s GDP forecast for 2024, 2025

The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued...

Published 26 Dec, 2024 12:45pm

Sports

Australia’s top order fires to take charge of 4th Test against India

MELBOURNE: Australia’s top four all slammed 50 or better on Thursday to take a firm grip on day one of the fourth...

Updated 26 Dec, 2024 12:40pm

Sports

Elena Rybakina ready to put Ivanisevic insight to the test at United Cup

PERTH: Former Wimbledon champion Elena Rybakina expressed confidence Thursday that her new partnership with Novak...

Published 26 Dec, 2024 12:38pm

Sports

Hungry Sabalenka ready for more Slam success

BRISBANE: World number one Aryna Sabalenka says she is “fresh and ready to go” in her bid for a third straight...

Published 26 Dec, 2024 12:15pm

Europe

107 migrants rescued in Channel: French authorities

LILLE: French authorities said they rescued 107 migrants trying to cross the Channel from France to England on...

Published 26 Dec, 2024 12:14pm

Asia

Tears, prayers as Asia mourns tsunami dead 20 years on

BANDA ACEH: Tearful mourners prayed Thursday as ceremonies began across Asia to remember the 220,000 people who died...

Published 26 Dec, 2024 12:09pm

South Asia

Nepal hosts hot air balloon festival

POKHARA: With Nepal’s snowy Himalayan peaks as a backdrop, the sky above Pokhara transformed into a vibrant canvas...

Published 26 Dec, 2024 12:00pm

Stocks

South Korean won drops to lowest level since March 2009; stocks ease

The benchmark KOSPI shed 5.32 points, or 0.22%, at 2,435.20

Published 26 Dec, 2024 11:51am

Stocks

Japan’s Nikkei rises as Toyota shares shine

TOKYO: Japan’s Nikkei share average rose on Thursday amid thin trade, boosted by Toyota Motor and as investors...

Published 26 Dec, 2024 11:47am

Forex

China’s yuan nears key threshold, set for third straight yearly loss in 2024

SHANGHAI: China’s yuan hovered near a 13-month low in holiday-thinned trading on Thursday, not far from breaching a...

Published 26 Dec, 2024 11:45am

Stocks

China stocks edge up in thin trade; HK market closed

SHANGHAI: China stocks edged up on Thursday after swinging between modest gains and losses in thin trading volumes...

Published 26 Dec, 2024 11:42am

Commodities

Iron ore rises on China stimulus hopes, pre-holiday restocking

BEIJING: Iron ore futures rose on Thursday as investor sentiment was buoyed by sustained hopes of more stimulus...

Published 26 Dec, 2024 11:32am

Middle East

At least 10 killed in Israeli strikes on Gaza, medics say

At least 10 people were killed and more than a dozen wounded in Israeli strikes on Gaza early on Thursday, medics...

Updated 26 Dec, 2024 11:29am

Sports

Man City in danger of missing Champions League, says Guardiola

Manchester City are at risk of missing out on next season’s Champions League due to their recent dip in form,...

Published 26 Dec, 2024 11:24am

Forex

Asian currencies struggle, stocks mostly lower amid Fed rate outlook concerns

Emerging Asian currencies were mostly lower against a resilient dollar and stock markets weaker on Thursday, as...

Published 26 Dec, 2024 11:21am

Europe

Russia’s FSB says it thwarted Ukrainian plots to kill high-ranking officers and their families

MOSCOW: Russia’s Federal Security Service (FSB) said on Thursday that it had foiled a several plots by Ukrainian...

Published 26 Dec, 2024 11:17am

USA

Dead body found in wheel well after United flight lands in Hawaii

A dead body was found in the wheel well of a United Airlines jetliner after the aircraft landed in the Hawaiian...

Published 26 Dec, 2024 11:12am

Forex

Thai baht/US dollar weaker on Thursday

BANGKOK: The Thai baht weakened against the US dollar on Thursday. By 0158 GMT, the baht was 0.37% lower at 34.24...

Published 26 Dec, 2024 11:02am

Stocks

Indian shares set to open little changed

Indian shares are set to open little changed on Thursday, with analysts expecting incremental moves in benchmark...

Published 26 Dec, 2024 11:00am

Mutual Funds

India bond yields seen barely changed as traders eye fresh cues

MUMBAI: Indian government bond yields are likely to be little changed in early deals on Thursday as market...

Published 26 Dec, 2024 10:58am

Business & Finance

China to build world’s largest hydropower dam in Tibet

BEIJING: China has approved the construction of what will be the world’s largest hydropower dam, kicking off an...

Published 26 Dec, 2024 10:56am

Commodities

China smelter group agrees to lower Q1 copper charges

China’s top copper smelters agreed to price guidance for processing charges in the first quarter of 2025 that was...

Published 26 Dec, 2024 10:49am

Business & Finance

Palm dips on heavy selling, weakness in Dalian palm olein

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday after the Christmas break, weighed down by heavy...

Published 26 Dec, 2024 10:42am

Energy

China’s first batch of 2025 fuel export quota flat vs a year ago

SINGAPORE: China has issued 19 million metric tons of export quotas for gasoline, diesel and aviation fuel under the...

Published 26 Dec, 2024 10:40am

Bullion Rate

Gold gains on weak dollar, geopolitical turmoil; Fed, Trump’s 2025 policies in focus

Gold gained on Thursday in light holiday trading, boosted by slight weakness in the US dollar and geopolitical...

Published 26 Dec, 2024 10:35am

Call to renew focus on Quaid’s vision for economic future

KARACHI: Pakistan Business Forum (PBF) says as Pakistan marks the birth anniversary of Quaid-i-Azam Muhammad Ali...

Updated 26 Dec, 2024 09:34am

Forex

Indian rupee drops to all-time low against US dollar

MUMBAI: The Indian rupee dropped to a lifetime low versus the U.S. dollar at open on Thursday, bogged down by higher...

Published 26 Dec, 2024 09:08am

Gas pipeline blown up: Supplies to upper Balochistan, Quetta suspended

ISLAMABAD: Due to sabotage activity by unknown miscreants, SSGC’s 18“ dia pipeline gets badly damaged. Gas supplies...

Updated 26 Dec, 2024 09:04am

Maryam vows to establish peaceful, prosperous Punjab

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Wednesday that they are establishing such a Punjab where...

Updated 26 Dec, 2024 09:01am

BR’s refresher: your morning briefing for the day

Important updates from December 25, 2024

Published 26 Dec, 2024 09:00am

COAS highlights Christians’ contributions to national development

RAWALPINDI: General Syed Asim Munir, NI (M), Chief of Army Staff (COAS), joined the Christian community in...

Updated 26 Dec, 2024 08:59am

Supplements

Revolutionizing Pakistan’s Real Estate Market

Transforming the Real Estate sector into a fully documented ecosystem founded on Transparency and Liquidity. The...

Updated 26 Dec, 2024 08:59am

Economic stability: governor praises army chief’s efforts

KARACHI: Sindh Governor Kamran Tessori has said that Army Chief General Asim Munir is working hard for the economic...

Updated 26 Dec, 2024 08:55am

Asia

Japan Airlines hit by cyberattack, causing some delays to its flights

TOKYO: Japan Airlines (JAL), said on Thursday it was hit by a cyberattack that caused delays to some domestic and...

Published 26 Dec, 2024 08:46am

Supplements

Revolutionizing Pakistan’s Real Estate Market

TEXT: Transforming the Real Estate sector into a fully documented ecosystem founded on Transparency and Liquidity....

Published 26 Dec, 2024 08:36am

Asia

How South Korea’s Constitutional Court could decide president Yoon’s fate

SEOUL: South Korea’s Constitutional Court will hold its first hearing on Friday in the case of President Yoon Suk...

Published 26 Dec, 2024 08:30am

Industry

WexNet 2025: A celebration of women entrepreneurship

LAHORE: The Trade Development Authority of Pakistan (TDAP), is thrilled to announce the 12th edition of WexNet 2025....

Published 26 Dec, 2024 08:21am

Pakistan

WCLA celebrates Christmas with Christian staff

LAHORE: The Walled City of Lahore Authority (WCLA) on Wednesday celebrated Christmas with its Christian staff across...

Published 26 Dec, 2024 08:20am

Pakistan

Scores of dacoits arrested by Layyah police

LAHORE: Demonstrating an unwavering resolve to maintain law and order, the Layyah Police successfully apprehended ...

Published 26 Dec, 2024 08:18am

Business & Finance

Japan says its economy likely to mark first positive output gap in 7 years

TOKYO: Japan’s government said on Thursday it predicts economic output will recover to full capacity in the next...

Published 26 Dec, 2024 08:17am

Industry

PISMIDA team visits JCC, TCC

LAHORE: delegation from the Pakistan Industrial Sewing Machine Importers and Dealers Association (PISMIDA), led by...

Published 26 Dec, 2024 08:17am

Pakistan

GHQ attack case: ATC issues notices for two fugitives

RAWALPINDI: The Anti-Terrorism Court (ATC) in Rawalpindi has issued notices for two fugitives, Shaheer Sikandar and...

Published 26 Dec, 2024 08:15am

Business & Finance

NLC, DP World venture thrives

RAWALPINDI: NLC and DP World have shipped more than 1,000 containers between Pakistan and Bangladesh since launching...

Published 26 Dec, 2024 08:13am

Pakistan

PPP MPA Zehri joins Bugti-led cabinet

QUETTA: Pakistan Peoples Party (PPP) MPA Ali Hassan Zehri has taken oath as provincial minister in Chief Minister...

Published 26 Dec, 2024 08:10am

Stocks

Dollar stays resilient, Asia shares get festive lift

SINGAPORE: Asia shares rose slightly in holiday-thinned trade on Thursday, extending gains from earlier in the week...

Published 26 Dec, 2024 08:09am

Pakistan

FDE announces winter holidays

ISLAMABAD: The Federal Directorate of Education (FDE) has announced the winter holidays for all the federal...

Published 26 Dec, 2024 08:05am

Pakistan

Pak-Türkiye Media Centre opened at NED University

KARACHI: Turkish Cooperation and Coordination Agency (TİKA) today opened Pak-Türkiye Media Centres at the NED...

Published 26 Dec, 2024 08:04am

BR Research

Attock: Fresh start?

Despite some investments along the way, Attock cement has been marked with stagnant profitability and growth trends...

Published 26 Dec, 2024 08:03am

BR Research

Systems Limited

Systems Limited (PSX: SYS), established in 1977 as a private limited company, transitioned to a publicly listed...

Published 26 Dec, 2024 07:59am

Pakistan

PIA to enhance its fleet

KARACHI: After the uplifting of ban imposed by EASA, PIA is planning to expand its network to Europe and UK. The...

Published 26 Dec, 2024 07:56am

Industry

Imtiaz reelected Pak-US Business Council chairman

KARACHI: Renowned businessman Shaikh Imtiaz Hussain has once again been elected as Chairman of the Pak-US Business...

Published 26 Dec, 2024 07:54am

Pakistan

JI criticises report of FAFEN on 2024 general elections

KARACHI: Jamaat-e-Islami has criticized the recent report by the Free and Fair Election Network (FAFEN) on the 2024...

Published 26 Dec, 2024 07:53am

Pakistan

Christmas, Quaid-e-Azam Day: Security beefed up in Islamabad, Rawalpindi

ISLAMABAD: The security of twin cities of Islamabad and Rawapindi remained on high alert on the eve of Christmas and...

Published 26 Dec, 2024 07:52am

Pakistan

National prosperity: PM commends Christian community’s role

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday acknowledged the contributions made by Christian community for...

Published 26 Dec, 2024 07:49am

Pakistan

Chilly winds, fog in many regions

KARACHI: A cold wave swept across the country on Wednesday, bringing chilly winds and foggy conditions to many...

Published 26 Dec, 2024 07:46am

Pakistan

Administrative judge: senior puisne judge recuses himself?

ISLAMABAD: Senior puisne judge Justice Mansoor Ali Shah on Wednesday recused himself from continuing to perform his...

Published 26 Dec, 2024 07:45am

Pakistan

US no longer values Pakistan due to Afghanistan: Maleeha

ISLAMABAD: Dr Maleeha Lodhi, Pakistan’s former Ambassador to the United States, stated that Pakistan’s...

Published 26 Dec, 2024 07:44am

Pakistan

ITP, ICCI sign MoU to tackle environmental pollution

ISLAMABAD: In a significant move towards promoting a cleaner and healthier environment, the Islamabad Traffic Police...

Published 26 Dec, 2024 07:37am

Pakistan

Chopper reaches with medicines: Humanitarian assistance being sent to Parachinar: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday said that uninterrupted humanitarian assistance is being sent...

Published 26 Dec, 2024 07:36am

Pakistan

Naqvi praises services of Pope for social, economic justice

ISLAMABAD: Federal Minister for Interior Mohsin Naqvi met with Archbishop Germano Penemote, the Ambassador of the...

Published 26 Dec, 2024 07:34am

World

38 dead as Azerbaijani jet crashes in Kazakhstan

ASTANA, (Kazakhstan): An Azerbaijan Airlines passenger jet crashed on Wednesday in western Kazakhstan, killing 38 of...

Published 26 Dec, 2024 07:31am

Letters

A legitimate hope

The start of talks between the ruling coalition and Opposition Pakistan Tehrik e Insaf (PTI) has given birth to...

Published 26 Dec, 2024 07:17am

Opinion

Unlocking Takaful’s potential: A strategic priority for public sector insurers

Takaful, an Islamic insurance model rooted in the principles of mutual help, offers a compelling global alternative....

Updated 26 Dec, 2024 07:09am

Editorials

Government–PTI negotiations

EDITORIAL: Amidst an obstructive political discourse has come the good news that the PTI and the ruling coalition...

Updated 26 Dec, 2024 07:08am

Editorials

Foreign borrowing

EDITORIAL: Economic Affairs Division’s data indicates that Pakistan borrowed a total of 2.667 billion dollars from...

Updated 26 Dec, 2024 07:06am

Opinion

Essentials for foreign investments

Every investment carries risk, for which rule of law is essentially required. Agreements must be honoured and...

Published 26 Dec, 2024 07:03am

Opinion

China and Pakistan: A common journey of building up climate resilience and justice

In recent years, the impact of climate change and environmental issues on Pakistan have been increasingly...

Published 26 Dec, 2024 07:01am

Sports

Pakistan-South Africa Test series starts today

LAHORE: Pakistan are set to feature in a two-match Test series against South Africa beginning with the Boxing Day...