News Archives for Latest - 2025-01-01

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Archive - 2025-01-01

World

Israel strikes Gaza City suburb, Palestinian medics say

CAIRO: The Israeli military kept up the pressure on northern Gaza on Wednesday, striking in a suburb of Gaza City,...

Published 01 Jan, 2025 11:32pm

Pakistan

Pakistan Navy seizes large consignment of drugs in North Arabian Sea

The Pakistan Navy has successfully seized a large consignment of drugs during a successful anti-narcotics operation...

Published 01 Jan, 2025 10:43pm

Europe

Moscow, Kyiv end Russian gas transit to Europe via Ukraine

KYIV: Russia’s gas transit to Europe via Ukraine stopped on Wednesday, Moscow and Kyiv said, ending a decades-long...

Updated 01 Jan, 2025 10:32pm

Pakistan

Pakistan, India exchange list of nuclear facilities under annual practice

Pakistan and India exchanged on Wednesday the lists of their respective nuclear installations and facilities. The...

Updated 01 Jan, 2025 10:26pm

Commodities

Gold price per tola increases Rs1,000 in Pakistan

After remaining unchanged in the previous session, gold prices in Pakistan increased on Wednesday in line with their...

Updated 01 Jan, 2025 10:11pm

Companies

Otsuka Pakistan temporarily shuts down Hub plant

Otsuka Pakistan Limited, a leading Japan-based multinational pharmaceutical company, has announced a temporary...

Updated 01 Jan, 2025 10:09pm

Pakistan

Kurram dispute: Grand jirga strikes peace deal as both sides sign agreement

Both sides agree to dismantle bunkers and surrender their weapons

Updated 01 Jan, 2025 10:08pm

Stocks

KSE-100 Index gains nearly 1,900 points, settles above 117,000

Anticipation of further policy rate cut drives buying interest

Updated 01 Jan, 2025 09:56pm

Business & Economy

PM urges authorities to address revenue shortfall, meet IMF targets

Prime Minister Shehbaz Sharif on Wednesday stressed the tax collection authorities to meet the revenue targets...

Updated 01 Jan, 2025 09:51pm

Middle East

Gaza population down by 6% in nearly 15 months of Israeli aggression

Palestinian Central Bureau of Statistics says more than 55,000 Gazans killed, about 100,000 left enclave as Israel commits genocide against Palestinians

Published 01 Jan, 2025 09:40pm

Business & Economy

Inflation in Pakistan clocks in at 4.1% in December 2024

Reading in line with government projection, strengthens case for continued monetary easing

Updated 01 Jan, 2025 09:40pm

USA

Truck ramming kills 10 New Year’s revelers in New Orleans, injures dozens

NEW ORLEANS: A man “hellbent” on “carnage” slammed a pickup truck into a crowd of New Year revelers in New Orleans...

Updated 01 Jan, 2025 08:41pm

Pakistan

Will facilitate protesters but not allow road blockade, Sindh minister says on sit-ins in Karachi

Sindh Home Minister Ziaul Hasan Lanjar said on Wednesday that the provincial government was ready to facilitate the...

Updated 01 Jan, 2025 08:21pm

South Asia

India’s 2024 was hottest year since 1901: meteorological office

NEW DELHI: India’s meteorological department said Wednesday that 2024 was the hottest year since 1901, with sizzling...

Published 01 Jan, 2025 07:25pm

Companies

Devsinc acquires Alchemative, looks at $22bn regional digital retail and eCommerce market

Devsinc, one of Pakistan’s largest IT companies and a growing global force in technology innovation, has announced a...

Published 01 Jan, 2025 07:07pm

Companies

Shareholders approve voluntary winding-up of Pakistan Hotels Developers Limited

Pakistan Hotels Developers Limited (PHDL) shareholders have approved the company’s voluntary winding-up. The...

Updated 01 Jan, 2025 06:40pm

Sports

South Africa seeking ruthless edge against Pakistan in second Test

CAPE TOWN: South Africa have already sealed their place in this year’s World Test Championship (WTC) final ahead of...

Published 01 Jan, 2025 05:43pm

Will facilitate protesters but not allow road blockade, Sindh minister says on sit-ins in Karachi

Published 01 Jan, 2025 05:37pm

Europe

Russia attacks central Kyiv with drones, two killed

KYIV: Russia launched an aerial attack on the centre of Kyiv in the first hours of 2025, killing two people and...

Updated 01 Jan, 2025 05:25pm

Middle East

Syria’s new information minister promises free press

DAMASCUS: Syria’s minister of information in the country’s transitional government told AFP he is working towards a...

Published 01 Jan, 2025 05:21pm

Middle East

Gaza rescuers say 15 killed in Israeli strike in Jabalia

GAZA STRIP: Gaza’s civil defence agency said on Wednesday that an overnight Israeli air strike targeting a house in...

Published 01 Jan, 2025 05:17pm

South Asia

Bangladesh saw surge of mob killings in 2024: rights groups

DHAKA: Mob killings in Bangladesh surged after the August revolution last year that toppled the iron-fisted rule of...

Published 01 Jan, 2025 05:13pm

Middle East

Iran to hold nuclear talks with 3 European powers January 13: local media

TEHRAN: Iran will hold nuclear talks with France, Britain, and Germany on January 13 in Switzerland, local media...

Published 01 Jan, 2025 05:10pm

Sports

Zverev injured as holders Germany crash at United Cup

PERTH: Elena Rybakina’s Kazakhstan dumped defending champions Germany out of the United Cup on Wednesday with world...

Published 01 Jan, 2025 05:07pm

Currency

Rupee’s stable road: PKR sees off best year since 2015

Currency had depreciated for a successive 7 years before seeing some gain in 2024

Updated 01 Jan, 2025 04:50pm

Recorder headlines

Published 01 Jan, 2025 04:11pm

NHA hikes toll taxes to achieve Rs102bn revenue target

ISLAMABAD: The National Highways Authority (NHA) has increased toll taxes significantly for the third time in the...

Updated 01 Jan, 2025 03:27pm

PM urges authorities to address revenue shortfall, meet IMF targets

Published 01 Jan, 2025 03:14pm

FBR misses Dec revenue target

ISLAMABAD: The Federal Board of Revenue has failed to achieve its monthly tax collection target of December 2024....

Updated 01 Jan, 2025 03:05pm

Aurangzeb says hopes ‘Uraan Pakistan’ programme to help end reliance on IMF lending

ISLAMABAD: Finance Minister Muhammad Aurangzeb ha said that the home-grown economic plan “Uraan Pakistan” will take...

Updated 01 Jan, 2025 03:04pm

Nepra irked by lack of studies on changing demand patterns

Says financial impact of partial load has significantly increased by Rs 9 billion due to the change in demand

Updated 01 Jan, 2025 03:03pm

Economic plan launched: A mandate for a new approach

ISLAMABAD: In order to improve the economic conditions, Prime Minister Shehbaz Sharif has launched an ‘Uraan...

Updated 01 Jan, 2025 03:03pm

Nepra spells out factors aggravating power sector woes

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has said that excess generation capacity, persistent...

Updated 01 Jan, 2025 03:02pm

Various items from 7 countries: FBR announces tax concessions on imports

ISLAMABAD: The Federal Board of Revenue (FBR) has announced tariff concessions, from January 2025, on the import of...

Updated 01 Jan, 2025 03:02pm

South Asia

South Korea investigators vow to execute Yoon arrest warrant

SEOUL: South Korean investigators said Wednesday they would execute an arrest warrant for Yoon Suk Yeol over his...

Published 01 Jan, 2025 10:58am

Cricket

Ex-India coach Shastri wants two-tier Test system after MCG blockbuster

SYDNEY: Former India coach Ravi Shastri called Wednesday for a two-tier structure in Test cricket with relegation...

Published 01 Jan, 2025 10:54am

Forex

Indian rupee dips on importer dollar bids, far forward premiums retreat

MUMBAI: The Indian rupee weakened slightly in early trading on Wednesday, pressured by dollar bids on behalf of...

Published 01 Jan, 2025 10:30am

Financial

Heavy supply schedule nudges India bond yields higher as 2025 kicks off

MUMBAI: Indian government bond yields inched marginally higher on the first day of the New Year on mild concerns...

Published 01 Jan, 2025 10:28am

Stocks

Indian shares welcome 2025 on a subdued note

India’s benchmark indexes were muted on Wednesday, the first session of 2025, with analysts expecting markets to...

Published 01 Jan, 2025 10:20am

Pakistan

Speedy disposal of cases: Amendments to CPC, CrPC proposed by SC

ISLAMABAD: In a bid to ensure speedy disposal of cases pending in different courts due to repeated adjournments – a...

Updated 01 Jan, 2025 09:29am

Sale of 15pc stake in Reko Diq: Minister says matters will be finalised soon

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik, while talking to media persons, stated that the matters...

Updated 01 Jan, 2025 09:29am

Pakistan

Feb general polls ‘largely flawed’: PILDAT report

ISLAMABAD: The 8 February 2024 general elections were “largely flawed” that served to fracture popular mandate — pre...

Updated 01 Jan, 2025 09:24am

Power distribution: $200m loan inked with ADB

ISLAMABAD: Pakistan and Asian Development Bank (ADB) signed $200 million loan agreement for power distribution...

Updated 01 Jan, 2025 09:23am

BR Research

Home-Grown Economic Plan: Does the PM have Aurangzeb’s back?

Despite initial hiccups that saw the eviction of foreign consultant Stefan Dercon and the horror of reassignment of...

Updated 01 Jan, 2025 09:21am

BR’s refresher: your morning briefing for the day

Important updates December 31, 2024

Published 01 Jan, 2025 09:18am

BR Research

Stability not translating into growth

The GDP provisionally grew by a meager 0.92 percent in the 1QFY25. The figures have a flavor of Dar’s recipe where...

Published 01 Jan, 2025 08:55am

BR Research

Efficiency-Seeking FDI in Pakistan: A comprehensive analysis

This analysis is based on the report titled “Efficiency-Seeking FDI in Pakistan” published by the Pakistan Business...

Published 01 Jan, 2025 08:50am

Opinion

Research over replication

Pakistan produces an estimated half a million graduates annually. However, according to the research done by PIDE in...