News Archives for Latest - 2025-01-02

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Archive - 2025-01-02

Pakistan

Submarine cable fault near Qatar may affect Pakistan internet users: PTA

The Pakistan Telecommunication Authority (PTA) said on Thursday a submarine cable fault near Qatar might impact...

Published 02 Jan, 2025 11:01pm

Pakistan

Four new submarine cables being introduced to boost internet speed, NA panel told

Internet shutdowns are enforced by PTA based on directions from federal government, Ministry of Interior, and honorable courts during law and order situations, PTA chairman explains

Updated 02 Jan, 2025 11:04pm

Business & Economy

Eyeing stronger Pakistan-US ties, Aurangzeb advocates diaspora engagement

In a bid to strengthen economic ties with the US, Federal Minister for Finance Muhammad Aurangzeb met with Rizwan...

Updated 02 Jan, 2025 10:54pm

Forex

SBP-held foreign exchange reserves decrease $143mn, now stand at $11.71bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $143 million on a weekly basis,...

Updated 02 Jan, 2025 10:52pm

Middle East

Qatar Airways says to resume flights to Syria on Tuesday

DOHA: Qatar Airways announced on Thursday it will resume flights to the Syrian capital Damascus after nearly 13...

Published 02 Jan, 2025 10:46pm

World

Israel confirms Syria raid on Iran-funded missile factory in September

JERUSALEM: The Israeli military confirmed on Thursday that dozens of its troops were flown into Syria in September...

Published 02 Jan, 2025 10:40pm

Pakistan

Second round of talks: PTI seeks time to consult Imran Khan on ‘list of demands’

Third round of negotiations is due next week

Updated 02 Jan, 2025 10:30pm

Markets

Veon Group invests $15mn in Mobilink Bank to fuel growth, tech advancement

A global digital operator VEON Group has invested $15 million in Mobilink Bank to support the bank’s growth...

Updated 02 Jan, 2025 10:29pm

Business & Economy

Turkish group bids below minimum fee for Islamabad Airport operations

Matter will now be referred to the International Finance Corporation (IFC), which is advising Islamabad on the outsourcing, before Pakistan takes a decision on whether the bid can go through

Updated 02 Jan, 2025 10:27pm

Stocks

Volatility seen at PSX, KSE-100 closes nearly flat

A volatile session was observed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index swung in both...

Updated 02 Jan, 2025 10:21pm

Pakistan

Efforts underway to make nuclear Pakistan an economic power: Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar on Thursday said that the government was making all-out efforts...

Updated 02 Jan, 2025 10:19pm

South Asia

Iran marks fifth anniversary of general’s killing

TEHRAN: Iran held rallies in its major cities Thursday to mark the fifth anniversary of the assassination of...

Published 02 Jan, 2025 10:18pm

Financial

Saudi Arabia completes arrangement to secure $2.5bn credit facility

CAIRO: Saudi Arabia has finalised an arrangement for securing a shariah-compliant revolving credit facility worth...

Published 02 Jan, 2025 08:57pm

Currency

First session of 2025: rupee registers marginal decline against US dollar

Currency settles at 278.64 against greenback in inter-bank market

Updated 02 Jan, 2025 08:24pm

Stocks

US stocks rise on first trading day of 2025

NEW YORK: US stocks opened higher on Thursday to kick off the first trading day of the new year, while Tesla slipped...

Published 02 Jan, 2025 07:50pm

Pakistan

May 9 riots: 19 convicts granted pardon, says ISPR

They will be released after completion of procedural formalities

Updated 02 Jan, 2025 07:34pm

Commodities

Gold price per tola gains Rs1,100 in Pakistan

Gold prices in Pakistan increased on Thursday in line with their gain in the international rate. In the local...

Updated 02 Jan, 2025 07:31pm

Luxury

Rolex begins 2025 by raising prices up to 8% on select models

Swiss luxury watchmaker Rolex began the year by raising prices of some of its most popular models after gold values...

Published 02 Jan, 2025 07:23pm

USA

10 people injured in New York City shooting incident

Ten people were injured in a mass shooting in the New York City borough of Queens late on New Year’s Day, the New...

Published 02 Jan, 2025 07:06pm

Stocks

Most Gulf markets in red; Saudi gains

Most stock markets in the Gulf ended lower on Thursday in the absence of fresh factors, with the Saudi index bucking...

Published 02 Jan, 2025 06:59pm

Pakistan

FO expresses concern over Indian extraterritorial killings in Pakistan

Foreign Office on Thursday expressed concerns over Indian extraterritorial and extrajudicial killings inside...

Published 02 Jan, 2025 06:59pm

Africa

At least 27 die, dozens rescued as two migrant boats sink off Tunisia

TUNIS: Tunisia’s coast guard has recovered the bodies of 27 African migrants after two boats they were attempting to...

Published 02 Jan, 2025 06:56pm

Business & Economy

PBC urges govt to avoid past mistakes, identifies five risks to Pakistan’s economy

The Pakistan Business Council (PBC), the country’s leading corporate advocacy platform, highlighted five major...

Updated 02 Jan, 2025 06:11pm

Sports

Swiatek battles back to take Poland into United Cup semis

SYDNEY: Battling Iga Swiatek took Poland into a United Cup semi-final against Kazakhstan as last year’s runners-up...

Published 02 Jan, 2025 05:37pm

Energy

Oil prices rise on China optimism as investors return after holiday

LONDON: Oil prices rose on Thursday as investors returned for the first trading day of the new year with an...

Updated 02 Jan, 2025 05:36pm

Sports

Djokovic cruises past Monfils as rising stars impress in Brisbane

BRISBANE: Novak Djokovic was in imperious form as he demolished Gael Monfils 6-3, 6-3 to reach the quarter-finals of...

Published 02 Jan, 2025 05:27pm

Commodities

Asia rice: Indian export prices extend fall on muted demand, weak rupee

Top exporter India’s rice prices fell for a third straight week to a 17-month low on weak demand and depreciation in...

Published 02 Jan, 2025 05:05pm

Stocks

Financials, autos power India’s benchmarks to best session in six weeks

India’s benchmarks logged their best session in six weeks on Thursday, led by financials and autos on expectations...

Published 02 Jan, 2025 04:51pm

Stocks

IT, industrials drive Sri Lankan shares higher in first session of 2025

CSE All Share index settled 2.53% up at 16,348.55

Published 02 Jan, 2025 04:48pm

Commodities

Copper holds near five-month low as weak demand outlook dominates

LONDON: Copper prices hovered around five-month lows as expectations of a deteriorating demand outlook were...

Published 02 Jan, 2025 04:46pm

Commodities

Palm oil ends lower after news on Indonesia’s B40 delay

JAKARTA: Malaysian palm oil futures closed lower on Thursday, triggered by a sell-off after news of Indonesia’s palm...

Published 02 Jan, 2025 04:44pm

Cricket

South Africa hand Test debut to teenager Maphaka v Pakistan

CAPE TOWN: South Africa will give a debut to firebrand 18-year-old fast bowler Kwena Maphaka as one of three changes...

Published 02 Jan, 2025 04:41pm

Bullion Rate

Sale of petroleum products up 3% in December amid higher demand

The sale of total petroleum products in Pakistan clocked in at 1.28 million tons in December, an increase of 3% on a...

Published 02 Jan, 2025 04:10pm

Recorder headlines

Published 02 Jan, 2025 04:00pm

Mutual Funds

Euro zone bond yields hold steady, down from six-week high

LONDON: Euro zone bond yields were little changed in thin trading on Thursday, just down from their highest level in...

Published 02 Jan, 2025 03:43pm

Stocks

Most Gulf markets inch higher in early trade

Most stock markets in the Gulf nudged higher in early trade on Thursday with the Saudi index rising on the back of...

Published 02 Jan, 2025 03:40pm

Business & Finance

Euro zone bank lending is stuck in low gear, ECB data shows

FRANKFURT: Lending to euro zone companies and households grew at a modest pace in November, pointing to a lacklustre...

Published 02 Jan, 2025 03:36pm

Technology

Chinese EV makers extend buying incentives as price war enters third year

BEIJING: Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in...

Published 02 Jan, 2025 03:33pm

Stocks

European stocks waver on first trading session of 2025

European stocks wavered on the first trading session of 2025, after a late-year selloff that was driven by concerns...

Published 02 Jan, 2025 03:30pm

SIFC Apex Committee to meet today

ISLAMABAD: Prime Minister Shehbaz Sharif has called a meeting of the Special Investment Facilitation Council (SIFC)...

Updated 02 Jan, 2025 02:25pm

Govt decides to create ‘Minerals Division’

ISLAMABAD: The federal government has decided to create a new Division, ie, Minerals Division for dedicated work on...

Updated 02 Jan, 2025 02:24pm

Economy: PM says govt to achieve its goals within 6 months

It is essential to pursue export-led growth, as there are no alternative options available, adds the premier

Updated 02 Jan, 2025 02:23pm

Business & Finance

Indonesia central bank says intervenes as rupiah falls

JAKARTA: Indonesia’s central bank has intervened in the foreign exchange market to maintain a balance of supply and...

Published 02 Jan, 2025 01:36pm

Technology

Apple offers iPhone discounts in China as competition intensifies

BEIJING: Apple is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the US...

Published 02 Jan, 2025 01:35pm

Business & Finance

Asia’s factories end 2024 on weak footing as Trump 2.0 risks mount

Asia’s factory powerhouses ended 2024 on a soft note as expectations for the New Year soured amid growing trade...

Published 02 Jan, 2025 01:33pm

Europe

Ukraine’s air force says it shot down 47 Russian drones launched overnight

KYIV: The Ukrainian air force said on Thursday that it shot down 47 Russian drones overnight. Of 72 drones launched,...

Published 02 Jan, 2025 01:31pm

Real Estate

UK house prices jumped again in December, Nationwide says

British house prices surged again in December as the property market upswing continued, surprising economists who...

Published 02 Jan, 2025 01:30pm

Sports

Olympic champion Huang quits China national team

Paris 2024 Olympics mixed doubles champion Huang Yaqiong has quit China’s national badminton team due to a growing...

Published 02 Jan, 2025 01:29pm

Europe

German opposition’s chancellor candidate backs free trade talks with Trump

BERLIN: German conservative leader Friedrich Merz, who is favoured to succeed Olaf Scholz as chancellor, would...

Published 02 Jan, 2025 01:28pm

Business & Finance

Oman expects $1.6 billion budget deficit this year, state news agency reports

DUBAI: Oman expects a 620 million rial ($1.61 billion) deficit in its 2025 budget, with total spending up 1.3% from...

Published 02 Jan, 2025 01:26pm

Business & Finance

Hungary’s PMI inches up to 50.6 in Dec -publisher

BUDAPEST: Hungary’s seasonally-adjusted Purchasing Managers’ Index (PMI) inched up to 50.6 in December from a...

Published 02 Jan, 2025 01:24pm

Business & Finance

Poland’s manufacturing PMI falls in December but outlook improves

WARSAW: Poland’s manufacturing sector saw a further decline in December, with the Purchasing Managers’ Index (PMI)...

Published 02 Jan, 2025 01:19pm

USA

At least 10 killed in Montenegro shooting spree

CETINJE: At least 10 people, including two children, were killed Wednesday by a gunman who launched a shooting spree...

Published 02 Jan, 2025 01:00pm

Pension calculation formula announced

ISLAMABAD: The government has decided that pension shall be calculated on the basis of average of pensionable...

Updated 02 Jan, 2025 12:59pm

Asia

2024 was China’s hottest year on record: weather agency

BEIJING: Last year was China’s warmest on record, its weather agency said, as the world experiences a surge in...

Published 02 Jan, 2025 12:51pm

Europe

Global condemnation, condolences for New Orleans attack

PARIS: International condemnation poured in Wednesday for the attack on a crowd of New Year’s Eve revellers in New...

Published 02 Jan, 2025 12:45pm

Life & Style

Nepal’s kung fu nuns kick off reopening of nunnery to public after five years

KATHMANDU: About a dozen nuns performed hand chops and high kicks, some of them wielding swords, as they showed off...

Published 02 Jan, 2025 12:28pm

Middle East

Israeli airstrike kills at least 10 in southern Gaza, medics say

CAIRO: An Israeli airstrike killed at least 10 Palestinians in a tent encampment sheltering displaced families in...

Published 02 Jan, 2025 12:15pm

Business & Finance

Bank of Korea governor says monetary easing this year will be flexible

SEOUL: South Korea’s central bank governor said on Thursday the pace of monetary policy easing would need to be...

Published 02 Jan, 2025 12:11pm

Sports

Australia drop Marsh, hand Webster debut for fifth India Test

SYDNEY: All-rounder Beau Webster will make his Test debut for Australia in place of the dropped Mitchell Marsh in...

Published 02 Jan, 2025 12:08pm

Sports

India declines to confirm that captain Rohit will play fifth Australia Test

SYDNEY: India coach Gautam Gambhir declined to confirm that captain Rohit Sharma would play the fifth Test against...

Published 02 Jan, 2025 12:02pm

Sports

Rangers goalkeeper Jack Butland to miss Old Firm derby after internal bleeding in leg

Rangers goalkeeper Jack Butland is ruled out of Thursday’s Old Firm clash with Celtic at the Ibrox Stadium after...

Published 02 Jan, 2025 11:59am

Business & Finance

Singapore economy grew 4.0% in 2024, advance estimate shows, fastest post-pandemic growth

SINGAPORE: Singapore’s economy grew 4.0% in 2024, its fastest annual pace since exiting the pandemic, accelerating...

Published 02 Jan, 2025 11:56am

Business & Finance

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

SINGAPORE: Bangladesh’s Rupantarita Prakritik Gas Co Ltd (RPGCL) has issued a tender seeking two liquefied natural...

Published 02 Jan, 2025 11:52am

Stocks

South Korean shares flat on first trading day of 2025 amid mixed data

KOSPI was marginally down by 0.82 points, or 0.03%, at 2,398.67

Published 02 Jan, 2025 11:49am

Surveillance footage shows moment Cybertruck explodes outside Trump Las Vegas hotel

Published 02 Jan, 2025 11:47am

Forex

Thai baht/US dollar stronger on Thursday

The baht was quoted at 34.15 per dollar

Published 02 Jan, 2025 11:46am

Sports

Justin Thomas ‘fully capable’ of year like Scottie Scheffler had in ’24

Even though he is 2 1/2 years removed from his latest PGA Tour victory, Justin Thomas remains a confident player....

Published 02 Jan, 2025 11:44am

Commodities

Palm oil rises tracking soyoil at Dalian By Dewi Kurniawati

JAKARTA: Malaysian palm oil futures opened up on Thursday, mirroring the movement of rival soyoil at the Dalian...

Published 02 Jan, 2025 11:41am

Commodities

Iron ore consolidates as market awaits more cues in the new year

BEIJING: Iron ore future prices moved in a tight range on Thursday as market participants await more cues on the...

Published 02 Jan, 2025 11:38am

USA

Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing driver

LAS VEGAS: A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday,...

Published 02 Jan, 2025 11:30am

Technology

Malaysia grants WeChat, TikTok licences to operate under new law

KUALA LUMPUR: Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licences...

Published 02 Jan, 2025 11:23am

Sports

Kusal Perera hundred secures Sri Lanka’s consolation win against NZ

Top order batsman Kusal Perera smashed 101 off 46 balls to set up Sri Lanka’s consolation seven-run victory in the...

Published 02 Jan, 2025 11:20am

Business & Finance

India’s Dec factory activity growth hits 2024 low, PMI shows

BENGALURU: India’s manufacturing activity grew in December at its weakest pace for the year amid softer demand and...

Published 02 Jan, 2025 11:16am

South Asia

Toxic waste from India’s 1984 Bhopal gas tragedy site moved for disposal after 40 years

BHUBANESHWAR: Indian authorities said on Thursday they had completed moving toxic waste from the site of the 1984...

Published 02 Jan, 2025 11:13am

Stocks

Australian shares kick off 2025 on positive note as commodity stocks gain

Australian shares inched higher on Thursday as trading resumed after the New Year holiday, with mining, energy and...

Published 02 Jan, 2025 11:09am

Stocks

China and Hong Kong stocks open 2025 lower amid weak economic data

SHANGHAI: China and Hong Kong stocks fell on their first trading session of 2025, hurt by weaker-than-expected...

Published 02 Jan, 2025 11:07am

Bullion Rate

Gold nudges higher, market awaits US data for economic cues

Gold prices inched higher on Thursday, continuing its momentum from 2024, while traders sought more clarity on the...

Published 02 Jan, 2025 11:04am

Asia

South Korea police search Jeju Air, airport operator over fatal plane crash

SEOUL: South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport...

Published 02 Jan, 2025 11:00am

Business & Finance

Thai economic uncertainty has increased, central bank minutes show

BANGKOK: Uncertainty around the Thai economy had significantly increased primarily due to the unclear impact of...

Published 02 Jan, 2025 10:55am

Business & Finance

Indonesia says 2024 budget deficit lower than 2.7% of GDP estimate

JAKARTA: Indonesia’s budget deficit for the 2024 fiscal year came in below the government’s most recent estimate of...

Published 02 Jan, 2025 10:50am

Forex

China’s onshore yuan hits weakest against dollar since Nov 2023

SHANGHAI/SINGAPORE: China’s onshore yuan on Thursday weakened to the lowest level against the dollar in almost 14...

Published 02 Jan, 2025 10:48am

USA

Driver flying ISIS flag rams into New Orleans crowd, killing 15; he may have had help

NEW ORLEANS: A US Army veteran flying an ISIS flag from his truck swerved around makeshift barriers and plowed into...

Published 02 Jan, 2025 10:45am

Business & Finance

Indonesia annual inflation at 1.57% in Dec

JAKARTA: Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month,...

Published 02 Jan, 2025 10:38am

World

Virgin Australia crew allegedly raped, robbed in Fiji

The Fiji government on Thursday said police were investigating incidents involving two crew members of Australian...

Published 02 Jan, 2025 10:36am

Mutual Funds

India bond yields a tad up as traders eye $88 billion supply this qtr

MUMBAI: Indian government bond yields were marginally higher in early deals on Thursday, after rising on the first...

Published 02 Jan, 2025 10:31am

Forex

Slight reprieve for Indian rupee likely as Asian peers recover

MUMBAI: The Indian rupee could find some relief on Thursday as most of its Asian peers ticked higher and with the...

Published 02 Jan, 2025 10:28am

FBR decides to carry out video surveillance of sugar mills

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to monitor production of all sugar mills through video...

Updated 02 Jan, 2025 09:45am

SC explains how a firm can enter into compromise with its creditors

ISLAMABAD: The Supreme Court declared that a company can enter into compromise or arrangement with its creditors or...

Updated 02 Jan, 2025 09:45am

Senate panel told: Talks with 16 IPPs likely to yield results soon

ISLAMABAD: Following the termination of contracts of five independent power producers (IPPs), negotiations with 16...

Updated 02 Jan, 2025 09:43am

Prioritising imported RLNG to domestic gas harms energy sector

ISLAMABAD: Pakistan’s energy sector is grappling with escalating financial issues, primarily driven by the forced...

Updated 02 Jan, 2025 09:42am

Business & Finance

Power consumption growth: GEPCO cites net metering as major hurdle

ISLAMABAD: The Gujranwala Electric Power Company (GEPCO) on Wednesday identified net metering as one of the key...

Updated 02 Jan, 2025 09:42am

Coercive interpretation of fiscal laws: IHC slaps heavy penalties on FBR officers

ISLAMABAD: The Islamabad High Court (IHC) in a major decision has set a precedent by imposing significant costs on...

Updated 02 Jan, 2025 08:53am

Business & Finance

Fresh hiring directed: PM says ‘no’ to adjusting Gencos’ staff in Discos

ISLAMABAD: Prime Minister Shehbaz Sharif has reportedly refused to adjust employees of Generation Companies (Gencos)...

Updated 02 Jan, 2025 08:51am

BR’s refresher: your morning briefing for the day

Important updates January 1, 2025

Published 02 Jan, 2025 08:50am

Stocks

Asia shares get off to bumpy start in 2025 with Trump’s policies in focus

SINGAPORE: Asian stocks began the year on a dour note on Thursday as they struggled for traction after a jittery...

Published 02 Jan, 2025 08:32am

BR Research

Power sector: (Woeful) State of Industry Report

The power sector regulator, Nepra has issued the much-awaited State of Industry Report 2024, which expectedly reads...

Published 02 Jan, 2025 08:31am

Stocks

Indian shares set to rise at the open

India’s benchmark indexes are set to open marginally higher on Thursday, with analysts expecting markets to trade...

Published 02 Jan, 2025 08:27am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 226,296 tonnes of cargo comprising 165,139 tonnes of import cargo and 61,157...

Updated 02 Jan, 2025 08:27am

Cotton & Textile

Subdued business on cotton market

LAHORE: The local cotton market on Wednesday remained steady and the trading volume remained low. Cotton Analyst...

Updated 02 Jan, 2025 08:27am

Taxes

Tax revenue: Punjab collects Rs650bn through e-Pay

LAHORE: The Punjab government has collected around Rs 650 billion in tax revenue through e-Pay Punjab, developed by...

Updated 02 Jan, 2025 08:27am

Business & Finance

FAS implementation: Pakistan Customs posts 27pc revenue increase in Dec

KARACHI: The revenue of Pakistan Customs saw a remarkable increase of 27 percent in December 2024 following the...

Updated 02 Jan, 2025 08:27am

Business & Finance

Govt reconstitutes CMWG, CM&FU

ISLAMABAD: The government has reconstituted Cash Management Working Group (CMWG) and Cash Management and Forecasting...

Updated 02 Jan, 2025 08:25am

Industry

Minister seeks policy aimed at de-regularising sugar industry

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal directed authorities...

Updated 02 Jan, 2025 08:25am

Commodities

Agri census commences in Sindh

KARACHI: Sindh’s Minister for Planning and Energy Syed Nasir Hussain Shah, Minister for Livestock and Fisheries,...

Updated 02 Jan, 2025 08:25am

Pakistan

Private members’ bills: PM for ‘sharp vigilance’

ISLAMABAD: Prime Minister Shehbaz Sharif, while expressing serious concern regarding certain private members’...

Updated 02 Jan, 2025 08:25am

Pakistan

ECP tells MPs: Submit asset statements by 15th or risk suspension

ISLAMABAD: The electoral body, Wednesday, warned that the legislative memberships of the lawmakers who did not ...

Updated 02 Jan, 2025 08:24am

Pakistan

Pakistan, India exchange lists of civilian prisoners, fishermen

ISLAMABAD: In a latest development, India and Pakistan, Wednesday, exchanged, through diplomatic channels,...

Updated 02 Jan, 2025 08:24am

BR Research

Pakistan Oilfields Limited

Pakistan Oilfields Limited (PSX: POL) is involved in the exploration, drilling, and production of crude oil and gas...

Published 02 Jan, 2025 08:24am

Pakistan

Non-permanent member of UNSC: Dar hosts reception to mark beginning of Pakistan’s term

ISLAMABAD: Deputy Prime Minister and Minister for Foreign Affairs Senator Ishaq Dar hosted a reception at the...

Updated 02 Jan, 2025 08:24am

Pakistan

Nuclear installations, facilities: Pakistan, India swap annual exchange of lists

ISLAMABAD: Pakistan and India have swapped the annual exchange of lists of nuclear installations and facilities...

Updated 02 Jan, 2025 08:24am

Taxes

PRA achieves 16.16pc growth

LAHORE: The Punjab Revenue Authority (PRA) showcased exceptional growth in December 2024, achieving a 16.16% ...

Updated 02 Jan, 2025 08:23am

Business & Finance

Growth in China’s factory activity slows, Caixin PMI shows

BEIJING: China’s factory activity grew in December but at a slower-than-expected pace, as overall sales were...

Published 02 Jan, 2025 08:23am

Editorials

State of the economy

EDITORIAL: The December 2024 Economic Update and Outlook, a monthly publication uploaded on the Finance Division...

Updated 02 Jan, 2025 08:22am

Opinion

The complicated web we weave

A former Afghan journalist I once ran into in China – one who gave up a comfortable life in the Gulf to return to...

Updated 02 Jan, 2025 08:22am

Opinion

2024: A scorecard for Pakistan’s E&P sector

The Exploration and Production (E&P) sector is the foundation of Pakistan’s oil and gas value chain, driving...

Updated 02 Jan, 2025 08:21am

Opinion

Pak corporates – challenges to growth

Pak corporates have had a roller-coaster side up, down and sideways with field shots and slam dunks. By the...

Updated 02 Jan, 2025 08:21am

Opinion

The key priorities for Syria

Syria stands at a critical juncture in its history—a fragile nation emerging from decades of repression, war, and...

Updated 02 Jan, 2025 08:21am

Opinion

PARTLY FACETIOUS: Attacking a government building is a no-no in any country

“We never learn lessons, do we?” “Nawaz Sharif is still trying to challenge the great physicist Albert...

Updated 02 Jan, 2025 08:20am

Opinion

Shaping the agric landscape through ICT-driven value chain management

Agriculture remains a cornerstone of Pakistan’s economy, contributing approximately 22.9 percent to the nation’s...

Updated 02 Jan, 2025 08:19am

Business & Finance

SECP notifies adoption of IFRS Sustainability Disclosure Standards phase-wise

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of IFRS ...

Updated 02 Jan, 2025 08:19am

Letters

‘Sunshine gold’ dethrones ‘black gold’

Oil has been a dominant force shaping global economies over the past two centuries, acting as both a maker and...

Updated 02 Jan, 2025 08:19am

Business & Finance

South Korea Dec factory activity shrinks as firms turn pessimistic, PMI shows

SEOUL: South Korea’s factory activity contracted in December, with manufacturers’ sentiment turning pessimistic for...

Published 02 Jan, 2025 08:19am

Pakistan

MoITT says it will be ‘too early’ to regulate AI

ISLAMABAD: The Ministry of Information Technology and Telecommunication has opposed the regulation of Artificial...

Updated 02 Jan, 2025 08:19am

Pakistan

Kurram: warring sides reach peace agreement

ISLAMABAD: In a much-anticipated development, warring factions of Kurram’s unrest-stricken region have finally...

Updated 02 Jan, 2025 08:15am

USA

Chinese hack of US Treasury breached sanctions office, Washington Post says

WASHINGTON: Chinese government hackers breached the U.S. Treasury office that administers economic sanctions, the...

Published 02 Jan, 2025 08:14am

Pakistan

Nadra introduces new version of B-form certificate

ISLAMABAD: The National Database and Registration Authority (Nadra) has introduced a new version of the B-form...

Updated 02 Jan, 2025 08:12am

Pakistan

Navy seizes large cache of narcotics in North Arabian Sea

KARACHI: Pakistan Navy Ship Moawin seized a large cache of narcotics during a counter-narcotics operation in North...

Updated 02 Jan, 2025 08:11am

Commodities

Gold prices soar

KARACHI: Gold prices saw a sizeable leap on Wednesday, reflecting the global market uptrend, traders said. The first...

Updated 02 Jan, 2025 08:11am

Pakistan

Maryam praises PM, his team for presenting ‘Uraan Pakistan’ programme

LAHORE: Paying tribute to Prime Minister Shehbaz Sharif and his team for presenting “Uraan Pakistan,” a roadmap...

Updated 02 Jan, 2025 08:11am

Pakistan

WCLA completes key preservation projects in 2024

LAHORE: The Walled City of Lahore Authority (WCLA) has successfully initiated and completed several key preservation...

Updated 02 Jan, 2025 08:10am

Pakistan

‘Air Ambulance, Motorway Ambulance Services launched in 2024’

LAHORE: As per vision of the Chief Minister Punjab, Maryam Nawaz Sharif, Air Ambulance Service and Motorway ...

Updated 02 Jan, 2025 08:10am

Pakistan

FCCI president condoles death of Arshad Zuberi

FAISALABAD: Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI) has expressed deep...

Updated 02 Jan, 2025 08:10am

Commodities

Hike in POL prices challenged in LHC

LAHORE: Judicial Activism Penal has approached the Lahore High Court through its chairman against recent increase in...

Updated 02 Jan, 2025 08:10am

Editorials

Babies born into hunger

EDITORIAL: Various surveys conducted by international agencies show that nearly 40 percent of children under five...

Updated 02 Jan, 2025 08:10am

Pakistan

2024 most successful year in history of Punjab: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that year 2024 has been the most successful year in the...

Updated 02 Jan, 2025 08:10am

Pakistan

Alkhidmat holds Leadership Camp for orphaned children

KARACHI: Alkhidmat Karachi recently organized a transformative two-day Leadership Camp for orphaned children under...

Updated 02 Jan, 2025 08:09am

Business & Finance

Average cost of Platts with incidentals, duty hike HSD price

ISLAMABAD: The price of high-speed diesel (HSD) in Pakistan has increased in the latest price review, according to ...

Updated 02 Jan, 2025 08:09am

Industry

BMPP’s Core Committee elects new office bearers

KARACHI: The Core Committee of the Businessman Panel Progressive (BMPP) has elected Saqib Fayyaz Magoon as the...

Updated 02 Jan, 2025 08:09am

Business & Finance

CCP, PPRA sign addendum on e-PADS

ISLAMABAD: The Competition Commission of Pakistan (CCP) and the Public Procurement Regulatory Authority (PPRA) have...

Updated 02 Jan, 2025 08:09am

Pakistan

International Conference: Dar chairs meeting of preparatory body

ISLAMABAD: Deputy Prime Minister/Foreign Minister Senator Ishaq Dar chaired the meeting of the preparatory committee...

Updated 02 Jan, 2025 08:09am

Pakistan

ECP official passes away

ISLAMABAD: Former director Election Commission of Pakistan (ECP) Altaf Ahmad Khan passed away on Wednesday after...

Updated 02 Jan, 2025 08:09am

Business & Finance

FPCCI, BBoIT to hold Balochistan Summit on 27th

KARACHI Atif Ikram Sheikh, President FPCCI, has apprised that FPCCI and Balochistan Board of Investment & Trade...

Updated 02 Jan, 2025 08:08am

Taxes

FTO resolves 12941 complaints in 2024

ISLAMABAD: Federal Tax Ombudsman (FTO) has promptly resolved 12,941 complaints filed by taxpayers against the ...

Updated 02 Jan, 2025 08:08am

Pakistan

Governor welcomes talks between govt and PTI

LAHORE: Terming the talks between the government and PTI as need of the hour, Governor Punjab Sardar Saleem Haider...

Updated 02 Jan, 2025 08:08am

Energy

KE removes 150 illegal connections weighing 1,280kg in Malir

KARACHI: K-Electric (KE) continues its crackdown against power theft and non-payment of bills. With the support of...

Updated 02 Jan, 2025 08:08am

Pakistan

Huqooq-e-Pakistan Project: KP finalises implementation plan

PESHAWAR: A meeting held here with Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur in the chair on ...

Updated 02 Jan, 2025 08:07am

Industry

PCJCCI arranges visits for Chineses team at RCCI, BOI

LAHORE: A delegation from Xingjian province, China led by the Mayor of Yecheang and Wang Xiangbing, Chairman of the...

Updated 02 Jan, 2025 08:07am

Pakistan

PDP slams govt for hike in POL prices

KARACHI: Pasban Democratic Party’s Vice-Chairman Abdul Hakim Quaid has said that the increase in petrol prices on...

Updated 02 Jan, 2025 08:07am

Energy

Reforms in energy sector inevitable: Power consumers paying high tariffs as compared to regional countries

ISLAMABAD: Chairman Economic Policy and Business Development and former caretaker minister Gohar Ejaz has said that...

Updated 02 Jan, 2025 08:07am

Business & Finance

PR earns Rs46bn in first half of FY2024-25

LAHORE: Pakistan Railways has achieved revenue of Rs 46 billion in the first half of the fiscal year, marking an...

Updated 02 Jan, 2025 08:07am

Pakistan

Punjab govt launches 7th Agri Census 2024

LAHORE: In collaboration with the Pakistan Bureau of Statistics, the Punjab government launched the 7th Agricultural...

Updated 02 Jan, 2025 08:07am

Pakistan

Punjab shuts down hundreds of brick kilns in 2024

LAHORE: Hundreds of pollution-causing brick kilns were shut down from March 1 to December 31, 2024. Strict legal...

Updated 02 Jan, 2025 08:07am

Pakistan

Trafficking, forced labour, begging: Senate body discusses protecting abandoned children

ISLAMABAD: The Senate Committee on Delegated Legislation discussed the matter of protecting abandoned/unclaimed...

Updated 02 Jan, 2025 08:07am

Pakistan

Shafqat may take charge as new FO spokesperson

ISLAMABAD: Senior diplomat Shafqat Ali Khan is likely to take charge as new Foreign Office (FO) spokesperson, it is...

Updated 02 Jan, 2025 08:06am

Pakistan

BISP increases quarterly stipend to Rs13,500

ISLAMABAD: The Benazir Income Support Programme (BISP) has announced to have increased by 28.57 percent its ...

Updated 02 Jan, 2025 08:06am

Forex

Dollar starts 2025 higher; yen rooted at five-month lows

SINGAPORE: The U.S. dollar kicked off 2025 on the front foot on Thursday after a strong year of gain against most...

Published 02 Jan, 2025 08:06am

Business & Finance

PSX plans auction for Ijarah Sukuk on 8th

KARACHI: Pakistan Stock Exchange (PSX) has announced that the 17th auction for GoP Ijarah Sukuk (GIS) is planned to...

Updated 02 Jan, 2025 08:06am

Pakistan

Clear roads or face action, home minister tells protestors

KARACHI: Sindh Home Minister Zia-ul-Hassan Lanjar has warned protesters in the megacity to end their sit-ins and...

Published 02 Jan, 2025 07:46am

Pakistan

Beautification, up-gradation of Constitution Avenue: CDA-DWP approves project worth Rs0.49bn

ISLAMABAD: The Capital Development Authority Development Working Party (CDA-DWP) on Wednesday approved a project...

Updated 02 Jan, 2025 08:06am

Pakistan

JI Karachi chief inaugurates ‘Quaid-e-Azam Family Park & mini-Zoo’

KARACHI: Jamaat-e-Islami, Karachi Chief, Monem Zafar inaugurated the newly restored Quaid-e-Azam Family Park and...

Updated 02 Jan, 2025 08:05am

Pakistan

Blocking Internet services: Senate panel not satisfied with govt response

ISLAMABAD: The government, on Wednesday, failed to satisfy the Senate Standing Committee on Information Technology...

Updated 02 Jan, 2025 08:05am

Pakistan

Stakeholders seek ‘prior assurances’ from PTI?

ISLAMABAD: Stakeholders have sought an assurance from Pakistan Tehreek-e-Insaf’s (PTI) founding chairman Imran ...

Updated 02 Jan, 2025 08:05am

Pakistan

Rising terrorism predicts serious situation ahead, warns PIPS

ISLAMABAD: Pak Institute for Peace Studies (PIPS) states that the present trends of sharp rise in terrorism predict...

Updated 02 Jan, 2025 08:05am

Statistics

Dec CPI inflation clocks in at 4.1pc YoY

ISLAMABAD: The Consumer Price Index-based inflation clocked in at 4.1 per cent on year-on-year basis in December ...

Updated 02 Jan, 2025 08:04am

Rates

PSX starts year with a bang

KARACHI: Despite some selling pressure after opening, Pakistan Stock Exchange on Wednesday maintained its bullish...

Updated 02 Jan, 2025 08:04am

Statistics

H1 exports soar 10.52pc to $16.561bn YoY

ISLAMABAD: The country’s exports increased by 10.52 percent during the first half (July-December) of current ...

Updated 02 Jan, 2025 08:03am

Europe

Putin orders Russian govt and top bank to develop AI cooperation with China

MOSCOW: President Vladimir Putin has ordered Russia’s government and the country’s biggest bank, Sberbank, to...

Updated 02 Jan, 2025 07:26am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (January 01, 2025) and the forecast for Thursday (January 02, 2025)...