News Archives for Latest - 2025-01-16

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Perspectives

Biden’s tenure: Trump-ed in the final hour

One more time, US President-elect Donald Trump has seemingly triumphed where President Joe Biden failed – securing a...

Updated 16 Jan, 2025 11:56pm

World

At least $10bn needed to rebuild Gaza health system: WHO

GENEVA: At least $10 billion will likely be needed to rebuild Gaza’s devastated health system over the next five to...

Published 16 Jan, 2025 11:55pm

World

Yemen’s Houthis threaten more attacks if Israel breaches Gaza ceasefire

SANAA: Yemen’s Houthi rebels threatened on Thursday to keep up their attacks if Israel did not respect the recently...

Published 16 Jan, 2025 11:35pm

USA

US sanctions leader of Sudan’s armed forces

WASHINGTON: The United States unveiled sanctions Thursday against the head of Sudan’s armed forces over the...

Published 16 Jan, 2025 11:25pm

Europe

At least 44 Pakistani migrants feared dead in attempt to cross to Spain

Moroccan authorities rescue 36 people from boat that left Mauritania on January 2 with 86 migrants, including 66 Pakistanis, on board

Updated 16 Jan, 2025 11:19pm

Pakistan

22 militants killed in intelligence-based operations in Tirah valley: ISPR

Security forces have killed twenty-two militants and injured eighteen Khawrij in Intelligence-Based Operations...

Updated 16 Jan, 2025 10:45pm

Pakistan

Pakistan welcomes Gaza ceasefire agreement

Pakistan welcomed on Thursday the Gaza ceasefire deal and called for its immediate and full implementation. “It is...

Updated 16 Jan, 2025 10:44pm

Stocks

Selling continues, KSE-100 sheds over 650 points

Selling pressure persisted at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 settled below the 114,000...

Updated 16 Jan, 2025 10:43pm

Markets

UAE confirms rollover of $2bn loan to Pakistan: SBP

The United Arab Emirates (UAE) has confirmed the rollover of its two deposits of $1 billion each, the State Bank of...

Published 16 Jan, 2025 10:19pm

Pakistan

PTI’s Barrister Gohar, Gandapur confirm meeting army chief in Peshawar

PTI chairman says there was a positive development from the 'other side'

Updated 16 Jan, 2025 10:13pm

Pakistan

PTI presents ‘Charter of Demands’ to govt: Ayaz Sadiq

Says talks heading in right direction

Updated 16 Jan, 2025 10:11pm

Forex

SBP-held foreign exchange reserves increase $30mn, now stand at $11.72bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million on a weekly basis,...

Updated 16 Jan, 2025 10:11pm

Sports

Medvedev stunned by teen qualifier Tien in Australian Open late-night epic

MELBOURNE: Last year’s runner-up Daniil Medvedev was dumped out in the Australian Open second round early Friday...

Published 16 Jan, 2025 09:51pm

Interest Rates

US could cut interest rates 3 or 4 times this year: Fed official

WASHINGTON: The US Federal Reserve could cut rates three or four times this year if inflation data cooperates, with...

Published 16 Jan, 2025 09:47pm

Energy

Oil falls as halt to Houthi shipping attacks expected

HOUSTON: Oil prices slipped on Thursday with Yemen’s Houthi militia expected to halt attacks on ships in the Red...

Updated 16 Jan, 2025 09:37pm

Currency

Rupee records marginal decline against US dollar

Currency settles at 278.86 against the greenback in inter-bank market

Updated 16 Jan, 2025 09:31pm

Stocks

US stocks near flat after mixed retail sales data

NEW YORK: Wall Street stocks were little changed early Thursday following a mixed US retail sales report, as...

Published 16 Jan, 2025 09:17pm

Middle East

Visiting Qatar PM says to help Syria rehabilitate infrastructure

DAMASCUS: Qatar’s prime minister vowed Thursday to support the rehabilitation of Syria’s infrastructure, devastated...

Published 16 Jan, 2025 09:15pm

Sports

Huraira to debut for Pakistan in first Test against West Indies

Pakistan have announced their playing XI for the opening Test against the West Indies, with an exciting debut for...

Published 16 Jan, 2025 08:12pm

Europe

Ukraine confirms attack on oil depot in western Russia

KYIV: Ukraine confirmed Thursday that its forces had struck an oil depot in western Russia, where officials had said...

Published 16 Jan, 2025 07:14pm

Europe

Kremlin rejects Polish claim it planned airline attacks

MOSCOW: The Kremlin on Thursday dismissed Warsaw’s accusations that Moscow had planned acts of “air terror” against...

Published 16 Jan, 2025 07:11pm

Markets

Greentree Holdings offers to acquire 35% stake in TRG Pakistan for Rs14.4bn

Greentree Holdings Limited announced a public offer to acquire up to 35.147% shareholding in TRG Pakistan Limited,...

Updated 16 Jan, 2025 06:47pm

KP CM Gandapur confirms meeting with COAS Munir

Published 16 Jan, 2025 06:08pm

Middle East

Hamas denies Israel claim group backtracking on ceasefire

CAIRO: Two Hamas leaders rejected on Thursday Israeli allegations that the Palestinian group was backtracking on...

Published 16 Jan, 2025 06:02pm

Middle East

EU announces 120 million euros in Gaza aid after ceasefire

BRUSSELS: The EU said Thursday it would deliver 120 million euros ($123 million) in new aid for war-torn Gaza, a day...

Published 16 Jan, 2025 05:57pm

Life & Style

Olympic push for kho kho, India’s ancient tag sport

NEW DELHI: The ancient game of kho kho is enjoying a resurgence in India, with organisers of the first international...

Published 16 Jan, 2025 05:48pm

Sports

Pakistan, West Indies seek to improve from Test Championship lows

MULTAN: Pakistan and West Indies vowed a strong finish when they meet in the first Test in Multan on Friday despite...

Published 16 Jan, 2025 05:38pm

Sports

‘Nervous’ teen star Fonseca out of Australian Open after thriller

MELBOURNE: Teenage rising star Joao Fonseca said nerves got the better of him after being bundled out of the...

Published 16 Jan, 2025 05:31pm

Middle East

Russia hopes Gaza ceasefire can lead to ‘comprehensive’ settlement

MOSCOW: Russia on Thursday said it hoped a ceasefire in Gaza would lead to “long-term stabilisation” and create the...

Published 16 Jan, 2025 05:18pm

Sports

Sinner roars back in Melbourne as Swiatek sets up Raducanu clash

MELBOURNE: World number one and defending champion Jannik Sinner roared back to surge into the Australian Open third...

Published 16 Jan, 2025 05:16pm

Asia

Thousands refuse evacuation despite Indonesia’s volcano eruptions

TERNATE: Thousands of people declined on Thursday a government-led evacuation in eastern Indonesia where a volcano...

Published 16 Jan, 2025 05:14pm

Aurangzeb for innovative solutions to accelerate financial inclusion

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired the second meeting of the...

Updated 16 Jan, 2025 04:48pm

Movies & Music

Brad Pitt isn’t messaging you, rep warns, after adoring fan scammed

LOS ANGELES, United States: A representative for Brad Pitt has warned fans to be wary of impersonation scams after a...

Published 16 Jan, 2025 04:43pm

Banks apprised of road map to export growth

Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal urges banks to step forward and increase lending to the private and priority sectors

Updated 16 Jan, 2025 04:12pm

5MFY25: LSM sector sees 1.25pc contraction YoY

ISLAMABAD: The overall Large Scale Manufacturing (LSM) sector has shown a growth of -1.25 percent during the first...

Updated 16 Jan, 2025 04:11pm

Movies & Music

Netflix cricket documentary ‘The Greatest Rivalry: India vs Pakistan’ to debut in February

Former cricketers Javed Miandad, Inzamam-ul-Haq set to make appearances

Published 16 Jan, 2025 03:32pm

Forex

Russian rouble flat vs US dollar, China’s yuan

MOSCOW: The Russian rouble held steady against both the US dollar and the Chinese yuan on Thursday as increased...

Published 16 Jan, 2025 03:24pm

Commodities

Gold price per tola jumps Rs1,400 in Pakistan

Gold prices in Pakistan increased further on Thursday in line with their rise in international rates. In the local...

Published 16 Jan, 2025 03:17pm

South Asia

Bollywood star Saif Ali Khan out of danger after stabbing at Mumbai home

MUMBAI: Bollywood actor Saif Ali Khan was stabbed repeatedly by an intruder at his home in Mumbai on Thursday, but...

Updated 16 Jan, 2025 03:14pm

Middle East

Israel accuses Hamas of ‘reneging’ on parts of Gaza deal

OCCUPIED JERUSALEM: Israel on Thursday accused Palestinian movement Hamas of backtracking on parts of the Gaza...

Published 16 Jan, 2025 02:38pm

Europe

Lufthansa Group to resume Tel Aviv flights on February 1

FRANKFURT: The Lufthansa airline group said Thursday it would restart flights next month to Tel Aviv, a day after a...

Published 16 Jan, 2025 02:35pm

Commodities

Iron ore hits four-week high on lower shipments, softer dollar

BEIJING: Prices of iron ore futures climbed to a four-week high on Thursday, supported by reduced shipments from a...

Published 16 Jan, 2025 02:10pm

Stocks

Luxury firms, chipmakers boost Europe’s STOXX 600 to five-week high

European shares jumped on Thursday, as heavyweight luxury stocks got a boost following Richemont’s upbeat earnings...

Published 16 Jan, 2025 02:08pm

Forex

Kenyan shilling holds ground against dollar

The shilling traded at 129.25/129.75 per dollar

Published 16 Jan, 2025 02:05pm

Stocks

Most Gulf markets gain on hopes of Fed rate cut, Gaza ceasefire

Most stock markets in the Gulf rose in early trade on Thursday, as softer US core inflation data maintained the...

Published 16 Jan, 2025 02:03pm

Asia

China says welcomes Gaza ceasefire deal

BEIJING: China said Thursday that it welcomed a ceasefire agreement in Gaza between Israel and the Hamas group,...

Published 16 Jan, 2025 02:01pm

South Asia

Iran’s supreme leader hails Palestinian ‘resistance’ after truce deal

TEHRAN: Iran supreme leader Ayatollah Ali Khamenei on Thursday hailed Palestinian “resistance” after a Gaza...

Published 16 Jan, 2025 01:46pm

Sports

Elena Rybakina knocks out American teen Jovic to head into Australian Open third round

MELBOURNE: Elena Rybakina sent another teenager packing from the Australian Open on Thursday after the sixth seed...

Published 16 Jan, 2025 12:58pm

Stocks

China and Hong Kong stocks edge up in a broader Asian rally

HONG KONG: China and Hong Kong shares edged up on Thursday to join a broader rally in Asia, with sentiment buoyed by...

Published 16 Jan, 2025 12:54pm

Forex

China’s yuan hovers near 16-month low, hopes rise for cut in reserve ratio

HONG KONG: China’s yuan was largely flat against the dollar on Thursday and trading near a 16-month low, as...

Published 16 Jan, 2025 12:51pm

Energy

Race to renewables: Attock Cement commissions 4.8MW windmill project

As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became...

Updated 16 Jan, 2025 12:48pm

Commodities

Palm falls on weak rival oil prices, export data

JAKARTA: Malaysian palm oil futures fell to the lowest in more than three months on Thursday, dragged down by...

Published 16 Jan, 2025 12:47pm

Business & Finance

Renault 2024 sales volumes grow 1.3%, helped by hybrids

PARIS: French automaker Renault said on Thursday that sales grew by 1.3% in 2024, with a strong fourth quarter...

Published 16 Jan, 2025 12:43pm

Sports

Iga Swiatek powers into third round at Australian Open

Iga Swiatek enhanced her status as the WTA’s bagel queen on Thursday at the Australian Open. The second-seeded...

Published 16 Jan, 2025 12:42pm

Commodities

Corn hovers near 13-month high as drought grips Argentina

CANBERRA: Chicago corn futures eased on Thursday, but remained close to a 13-month high on the US government...

Published 16 Jan, 2025 12:38pm

Stocks

Australian shares hit 1-week closing high, banks and tech stocks lead gains

Australian shares rose more than 1% on Thursday, led by banks and technology stocks, as solid US bank earnings and...

Published 16 Jan, 2025 12:37pm

Life & Style

TikTok, 5 other Chinese firms hit by EU privacy complaints

STOCKHOLM/BRUSSELS: TikTok, Shein, Xiaomi and three other Chinese companies were named in a privacy complaint filed...

Published 16 Jan, 2025 12:33pm

Mutual Funds

JGB yields slide on strong auction, plunge in US yields

TOKYO: Japanese government bond yields dropped on Thursday amid pressure from a steep slide in US Treasury yields...

Published 16 Jan, 2025 12:28pm

Commodities

Jordan tenders to buy up to 120,000 metric tons feed barley, traders say

HAMBURG: Jordan’s state grains buyer has issued an international tender to purchase up to 120,000 metric tons of...

Published 16 Jan, 2025 12:19pm

Technology

Blue Origin’s debut New Glenn rocket fully fueled for next launch attempt

CAPE CANAVERAL: Jeff Bezos’ Blue Origin loaded its New Glenn rocket with propellants on Thursday morning for its...

Published 16 Jan, 2025 12:16pm

Business & Finance

UK economy inches up by lower-than-expected 0.1% in November

LONDON: Britain’s economic output inched up by a lower-than-expected 0.1% in November compared with October, data...

Published 16 Jan, 2025 12:11pm

Commodities

German Q4 2024 cocoa grind down 7.6% on year, BDSI says

HAMBURG: Germany’s fourth quarter 2024 cocoa grind fell 7.6% on the year to 90,066 metric tons, the German...

Published 16 Jan, 2025 12:10pm

Stocks

South Korean shares pare early gains after central bank holds rate in surprise move

The benchmark KOSPI closed up 30.68 points, or 1.23%, at 2,527.49

Published 16 Jan, 2025 12:08pm

Energy

Qatar hikes March al-Shaheen oil term price to over 2-year high

SINGAPORE: QatarEnergy has raised the term price for al-Shaheen crude oil loading in March, trade sources said on...

Published 16 Jan, 2025 12:04pm

Sports

South Africa fast bowler Nortje ruled out of Champions Trophy

South Africa’s Anrich Nortje has been ruled out of the ICC Champions Trophy with a back injury, the latest in a long...

Published 16 Jan, 2025 12:00pm

Sports

India’s struggling batters return to domestic cricket looking for form

NEW DELHI: The Ranji Trophy has benefited from an unexpected sprinkling of stardust with several big-name India...

Published 16 Jan, 2025 11:56am

USA

US issues fresh round of sanctions against Russia ahead of Trump return to White House

WASHINGTON: The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase...

Published 16 Jan, 2025 11:50am

Europe

European nuclear projects need de-risking for investors, says IEA chief

PARIS: Private investors, major banks and tech companies are showing interest in the European nuclear industry, but...

Published 16 Jan, 2025 11:38am

Technology

TSMC’s Q4 profit rises 57% to a record, in line with forecast

TAIPEI: Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with...

Published 16 Jan, 2025 11:34am

Companies

Chinese buyers interested in unwanted German Volkswagen factories, source says

FRANKFURT/BERLIN: Chinese officials and automakers are eyeing German factories slated for closure and are...

Published 16 Jan, 2025 11:32am

Technology

Carmakers in India plan EV onslaught in 2025 despite slowing global demand

NEW DELHI: Automakers operating in India plan to launch close to a dozen new electric car models this year, many in...

Published 16 Jan, 2025 11:21am

Forex

Australian dollar steadies, gets limited lift from strong jobs data

SYDNEY: The Australian dollar got only a brief blip higher on Thursday after data showed a surprisingly strong jump...

Published 16 Jan, 2025 11:17am

USA

Trump’s US Treasury pick Bessent says dollar must remain world’s reserve currency

WASHINGTON: Scott Bessent, US President-elect Donald Trump’s choice to head the Treasury Department, on Wednesday...

Published 16 Jan, 2025 11:14am

Bullion Rate

Gold prices hover near 1-month peak on renewed rate-cut hopes

Gold prices were stable on Thursday after hitting their highest levels in more than a month, as softer US core...

Published 16 Jan, 2025 11:08am

Stocks

Indian shares open higher after US inflation relief

Indian shares opened higher on Thursday, tracking other Asian peers, after underlying US inflation softened in...

Published 16 Jan, 2025 11:06am

Stocks

US bank earnings, cooling inflation boost Japan’s Nikkei, but firm yen caps gains

TOKYO: Japan’s Nikkei share average climbed on Thursday, tracking a rally on Wall Street amid robust US bank...

Published 16 Jan, 2025 11:04am

Palestinians celebrate as Hamas and Israel agreed to a cease-fire deal

Published 16 Jan, 2025 10:55am

Mutual Funds

India bond yields set to ease, US inflation data reignites Fed rate cut bets

MUMBAI: Indian government bond yields are expected to ease on Thursday, tracking a fall in US Treasury yields, after...

Published 16 Jan, 2025 10:53am

Sports

Emma Raducanu relishing underdog status ahead of Swiatek clash

Former US Open champion Emma Raducanu is relishing a clash free of external pressure when she faces world number two...

Published 16 Jan, 2025 10:49am

Middle East

Despite ceasefire, 32 Palestinians killed in Israeli strikes

DOHA/CAIRO/OCCUPIED JERUSALEM: Israel intensified strikes on Gaza hours after a ceasefire and hostage release deal...

Updated 16 Jan, 2025 10:48am

Forex

Indonesian rupiah, Korean won decline after central banks’ surprise decisions

The Indonesian rupiah hit a more than six-month low on Thursday while the South Korean won snapped a three-day...

Published 16 Jan, 2025 10:43am

Business & Finance

Prime Minister’s Youth Programme: loan limit for SMEs raised to Rs1.5mn

Prime Minister Shehbaz Sharif on Thursday directed authorities to increase the loan amount under the Prime...

Published 16 Jan, 2025 10:42am

Energy

South Korea looking at buying more US oil and gas, energy minister says

SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable...

Published 16 Jan, 2025 10:41am

Europe

UK PM Starmer to travel to Ukraine to sign new treaty

British Prime Minister Keir Starmer will meet with President Volodymyr Zelenskiy in Ukraine to sign a new 100-year...

Published 16 Jan, 2025 10:39am

PD orders NPGCL to remove CEO

ISLAMABAD: The Power Division has directed the Board of Northern Power Generation Company Limited (NPGCL) to...

Updated 16 Jan, 2025 09:41am

Independent market being set up: Govt to stop purchasing power soon, NA told

ISLAMABAD: Federal Minister for Power Awais Leghari informed the National Assembly on Wednesday that the government...

Updated 16 Jan, 2025 09:40am

Budget formulation process: OICCI president meets finance minister

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting with Yousaf Hussain,...

Updated 16 Jan, 2025 09:39am

USA

Hundreds of firefighters ‘just get up and go’ to aid Los Angeles

PASADENA: Members of the St. Helena Fire Department have battled devastating fires in Northern California. Last...

Published 16 Jan, 2025 09:01am

Asia

Detained South Korea’s Yoon will not attend questioning, lawyer says

SEOUL: South Korea’s arrested President Yoon Suk Yeol does not intend to take part in a second day of questioning on...

Published 16 Jan, 2025 08:55am

Senate panel told: Exporters fail to avail CPFTA-II opportunities

ISLAMABAD: Commercial Section Pakistan Embassy Beijing admitted that neither the opportunities arising from China...

Updated 16 Jan, 2025 08:54am

EV stations’ charging tariff cut to Rs39.70/unit

ISLAMABAD: Federal Minister for Power Sardar Awais Ahmad Leghari stated on Wednesday that the government will soon...

Updated 16 Jan, 2025 08:52am

Nepra issues daily penalty warning to KE, Discos

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Wednesday warned K-Electric and other Discos of...

Updated 16 Jan, 2025 08:52am

Afghan transit trade especially via Gwadar Port: Govt to swap bank guarantee for insurance bond

ISLAMABAD: The government is set to replace the bank guarantee system with an insurance guarantee to facilitate...

Updated 16 Jan, 2025 08:51am

Economy’s growth model needs urgent overhaul: World Bank

ISLAMABAD: Pakistan’s model of growth — dominated by (public) consumption, high levels of debt, low productivity and...

Updated 16 Jan, 2025 08:50am

BR’s refresher: your morning briefing for the day

Important updates from January 15, 2025

Published 16 Jan, 2025 08:45am

USA

US TikTok users scramble, despair as Bytedance waves the ‘white flag’

NEW YORK: Disappointment, denial and confusion flooded U.S. TikTok on Wednesday upon hearing the news that Chinese...

Published 16 Jan, 2025 08:38am

Business & Finance

ECB’s Centeno sees interest rates falling to about 2% as inflation under control

LISBON: The European Central Bank should continue to lower interest rates to about 2% as inflation in the euro zone...

Published 16 Jan, 2025 08:33am

Stocks

Stocks rise with US rate cuts back in view; yen at one-month high

SINGAPORE/NEW YORK: Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core U.S....

Published 16 Jan, 2025 08:28am

Business & Finance

Japan wholesale inflation steady near 4%, keeps alive BOJ rate-hike chance

TOKYO: Japan’s annual wholesale inflation held steady at 3.8% in December on stubbornly high food costs, data showed...

Published 16 Jan, 2025 08:24am

Forex

Indian rupee may not build on recovery despite renewed Fed rate-cut hopes

MUMBAI: The non-deliverable forwards indicated that the Indian rupee is unlikely to recover more on Thursday despite...

Published 16 Jan, 2025 08:21am

Companies

US says Toyota unit to plead guilty, pay over $1.6bn to settle fraud scheme

WASHINGTON: A Toyota Motor Corp, unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S....

Published 16 Jan, 2025 08:18am

Technology

Apple Q4 iPhone shipments in China drop 25% as Huawei closes in, Canalys data shows

BEIJING: Apple’s, smartphone shipments in China plunged 25% in the fourth quarter of 2024, data from research firm...

Published 16 Jan, 2025 08:13am

Forex

US inflation relief dents dollar, yen gains ahead of BOJ

SINGAPORE: The dollar slipped on Thursday to stand just off recent peaks as cooling U.S. inflation data knocked down...

Published 16 Jan, 2025 08:10am

Business & Finance

Canada could slap tariffs on C$150 billion worth of US imports, source says

OTTAWA: Canada could impose countermeasures on up to C$150 billion worth of U.S. imports if President-elect Donald...

Published 16 Jan, 2025 08:04am

BR Research

FCA relief – a ray of light in Karachi’s power woes

There is some good news for Karachi’s power consumers. NEPRA has concluded its hearing on KE’s provisional FCA...

Published 16 Jan, 2025 07:37am

BR Research

Petroleum sales roundup

Pakistan’s Oil Marketing Companies (OMCs) recorded a 4 percent year-on-year growth in total volumes for the first...

Published 16 Jan, 2025 07:34am

BR Research

Macter International Limited

Macter International Limited (PSX: MACTER) was incorporated in Pakistan as a private limited company in 1992 and was...

Published 16 Jan, 2025 07:29am

Opinion

Lessons from Los Angeles: mitigating wildfire risks in the Margalla Hills

The recent wildfires in Los Angeles have once again highlighted the devastating consequences of climate change and...

Published 16 Jan, 2025 03:05am

Opinion

Why Does Trump want to occupy Greenland?

President-elect Donald Trump has made his expansionist ideology loud and clear. Among his many controversial...

Published 16 Jan, 2025 03:05am

Opinion

Dialogue is the answer– what’s the issue?

While checking into a major international chain of Hotels in Cairo, a couple of years back, I was intrigued more by...

Published 16 Jan, 2025 03:04am

Opinion

Valuing lost energy

The energy crisis in Pakistan coupled with a hike in fuel prices has extended the need for investments and...

Published 16 Jan, 2025 03:04am

Europe

Wars, extreme weather events top global risks: Davos study

BRUSSELS: Armed conflict is the biggest risk this year, a World Economic Forum survey warned on Wednesday, as...

Published 16 Jan, 2025 03:05am

Europe

Moscow, Kyiv exchange 50 POWs

KYIV: Russia and Ukraine have each released 25 captured prisoners of war in the first exchange of 2025, both...

Published 16 Jan, 2025 03:05am

World

Gaza rescuers say Israeli strikes kill 27 Palestinians

GAZA STRIP: Gaza’s civil defence agency said on Wednesday that Israeli strikes killed at least 27 people, as the...

Published 16 Jan, 2025 03:05am

South Asia

India’s defence minister cites power rivalry in Indian Ocean region

NEW DELHI: International power rivalry is playing out in the Indian Ocean region, India’s Defence Minister Rajnath...

Published 16 Jan, 2025 03:05am

World

Xi hails ‘historical opportunity’ for China-Sri Lanka ties

BEIJING: Chinese leader Xi Jinping said relations between China and Sri Lanka faced a “historical opportunity” ...

Published 16 Jan, 2025 03:05am

USA

Fire-hit LA faces new peril as dangerous gusts forecast

LOS ANGELES: Powerful winds forecast for Wednesday threatened to whip up massive fires still burning around Los...

Published 16 Jan, 2025 03:05am

South Asia

Bangladesh’s Yunus demands return of stolen billions

DHAKA: Bangladesh’s interim leader Muhammad Yunus on Wednesday demanded the return of stolen assets, decrying the...

Published 16 Jan, 2025 03:05am

Banking courts lack jurisdiction to entertain tort claims?

LAHORE: A higher appellate forum has set aside a judgment passed by the banking court, ruling that the banking ...

Published 16 Jan, 2025 03:05am

Pakistan

Sindh students in Kyrgyzstan: Understanding on coordination mechanism reached

KARACHI An understanding has been reached to establish a coordination mechanism to facilitate students from Sindh in...

Published 16 Jan, 2025 03:05am

South Asia

South Korean President Yoon arrested over failed martial law bid

SEOUL: Impeached South Korean leader Yoon Suk Yeol was arrested on Wednesday over his failed martial law bid, ending...

Published 16 Jan, 2025 03:05am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (January 15, 2025) and the forecast for Thursday (January 16, 2025)...

Published 16 Jan, 2025 03:04am

Pakistan

Maryam says students securing 65pc and above marks to get laptops

LAHORE: Chief Minister Punjab Maryam Nawaz Sharif directed the authorities concerned to increase number of Honahar...

Published 16 Jan, 2025 03:04am

Pakistan

ATC disposes of bail plea of Hajra Niazi

LAHORE: The Anti-Terrorism Court on Wednesday disposed of a bail application of Hajra Niazi sister of Hassan Niazi...

Published 16 Jan, 2025 03:04am

Pakistan

Gohar expresses cautious optimism over prospects of govt-PTI talks

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) negotiation committee will submit its demands in writing to the...

Published 16 Jan, 2025 03:04am

Pakistan

Why accused in APS attack case were not tried under Army Act, asks SC

ISLAMABAD: The Constitutional Bench questioned why those persons who had launched attack on Army Public School (APS)...

Published 16 Jan, 2025 03:04am

Pakistan

Govt entities: Tarar underscores need for rightsizing

ISLAMABAD: Law Minister Azam Tarar has said that rightsizing in the government entities is the need of the hour, as,...

Published 16 Jan, 2025 03:04am

Pakistan

PTI wants no delay in new CEC’s appointment

ISLAMABAD: As the stage is set for the retirement of Chief Election Commissioner (CEC) Sikander Sultan Raja, the...

Published 16 Jan, 2025 03:04am

Pakistan

Murad, Dar discuss Sindh uplift projects

ISLAMABAD: Sindh Chief Minister Syed Murad Ali Shah called on the Deputy Prime Minister/ Foreign Minister Senator...

Published 16 Jan, 2025 03:04am

Opinion

PARTLY FACETIOUS: Taking the bull by the tail?

“I have been to the Qadir University….” “Stop. Isn’t the subject sub judice?” “Well, I don’t think...

Published 16 Jan, 2025 03:04am

Letters

The govt’s quest for new job opportunities

Prime Minister Shehbaz Sharif has said his government is actively working on a policy aimed at lowering unemployment...

Published 16 Jan, 2025 03:04am

Opinion

Unlocking Pakistan’s potential: a critical exploration of development challenges

Why has Pakistan struggled to achieve sustainable long-term economic growth despite its vast potential? Development...

Published 16 Jan, 2025 03:04am

Stocks

Indian benchmarks inch higher on IT

MUMBAI: India’s benchmark indexes inched higher on Wednesday, led by energy and information technology stocks,...

Published 16 Jan, 2025 03:04am

Stocks

China stocks end lower as investors await more stimulus

SHANGHAI: China stocks closed down on Wednesday following a strong rally in the previous session as investors were...

Published 16 Jan, 2025 03:04am

Pakistan

Punjab PA: PPP seeks enhanced powers of ministers, parliamentary secretaries

LAHORE: The Punjab Assembly witnessed another day of opposition’s protests Wednesday as the session commenced with...

Published 16 Jan, 2025 03:04am

Pakistan

Punjab cabinet approves agenda for forest department

LAHORE: The Punjab Cabinet on Wednesday approved a four-point agenda for the Forest Department, which included...

Published 16 Jan, 2025 03:04am

Pakistan

JI chief criticises ruling elite

LAHORE: Chief of Jamaat-e-Islami Hafiz Naeem ur Rehman has criticized the ruling elite, calling them a visionless...

Published 16 Jan, 2025 03:04am

Pakistan

Massive financial irregularities exposed in KPK: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that large-scale financial embezzlement and ghost ...

Published 16 Jan, 2025 03:04am

Pakistan

23 terrorists of banned outfits held across Punjab

LAHORE: The Counter-Terrorism Department (CTD) Punjab foiled a major terrorist plan by arresting 23 terrorists...

Published 16 Jan, 2025 03:04am

Pakistan

NAB enables recovery of Rs510.12m from illegal housing society

LAHORE: The National Accountability Bureau (NAB) Lahore has successfully enabled the recovery and disbursement of Rs...

Published 16 Jan, 2025 03:04am

Pakistan

Govt to promote movies, dramas, says Sharjeel

KARACHI: The Sindh government has resolved to intensify efforts to promote movies, dramas, and documentaries while...

Published 16 Jan, 2025 03:04am

Pakistan

Meeting of newly-appointed Sindh govt spokespersons held

KARACHI: A key meeting of the newly appointed spokespersons of the Sindh government was held here under the...

Published 16 Jan, 2025 03:04am

Pakistan

Nutrition’s COI report: Birth of low-weight, premature babies creating hidden crisis

KARACHI: The birth of low-weight and premature babies is creating a hidden but significant health crisis in ...

Published 16 Jan, 2025 03:04am

Pakistan

Third round of govt-PTI talks to begin today

ISLAMABAD: The stage is set for tempering down expectations of an imminent outcome of the negotiations between the...

Published 16 Jan, 2025 03:04am

Pakistan

Pakistan was never a formal ally of US: White House

WASHINGTON: The United States has declared that Pakistan has played a pivotal role in the US counterterrorism ...

Published 16 Jan, 2025 03:04am

Pakistan

Baseless assertions: FO, ISPR assail India’s minister, army chief

ISLAMABAD: Taking strong exception, Pakistan’s Foreign Office and the military have strongly reacted to the Indian...

Published 16 Jan, 2025 03:04am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 15, 2025). ==================================== ...

Published 16 Jan, 2025 03:04am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (January 15, 2025). ======================================= ...

Published 16 Jan, 2025 03:04am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 15, 2025)...

Published 16 Jan, 2025 03:04am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 15, 2025)....

Published 16 Jan, 2025 03:04am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (January 15, 2025)....

Published 16 Jan, 2025 03:04am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (January 15, 2025). ======================== Open ...

Published 16 Jan, 2025 03:04am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on...

Published 16 Jan, 2025 03:04am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (January 15, 2025). ========================== KIBOR...

Published 16 Jan, 2025 03:04am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 16 Jan, 2025 03:04am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 16 Jan, 2025 03:04am

Commodities

Gold prices recover sharply

KARACHI: Gold prices regained a huge ground on Wednesday, as the global bullion rates neared $2,700 per ounce,...

Published 16 Jan, 2025 03:04am

Cotton & Textile

Selective buying seen on cotton market

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

Published 16 Jan, 2025 03:04am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday, (January 15, 2025)...

Published 16 Jan, 2025 03:04am

Energy

Oil rises as traders assess sanctions impact

NEW YORK: Oil prices rose on Wednesday as the market focused on potential supply disruptions from US sanctions on...

Published 16 Jan, 2025 03:04am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 140,133 tonnes of cargo comprising 102,975 tonnes of import cargo and 37,158...

Published 16 Jan, 2025 03:04am

Energy

US natural gas prices rise

NEW YORK: US natural gas futures rose about 1% to a two-year high on Wednesday on forecasts for more frigid weather...

Published 16 Jan, 2025 03:04am

Stocks

Europe shares log best day in four months after US data

FRANKFURT: European shares closed over 1% higher on Wednesday after an in-line inflation reading in the US raised ...

Published 16 Jan, 2025 03:04am

Stocks

Wall St surges after inflation data

NEW YORK: Wall Street’s main indexes soared on Wednesday, with the benchmark S&P 500 touching a one-week high,...

Published 16 Jan, 2025 03:04am

Energy

OGDCL says Karo-1 well brought into production

KARACHI: Oil and Gas Development Company Limited (OGDCL) has announced that Kharo-1 well located in Khairpur, Sindh...

Published 16 Jan, 2025 03:04am

Rates

PSX ends in the red

KARACHI: Pakistan Stock Exchange on Wednesday witnessed a mixed trend and remained oscillating in positive and...

Published 16 Jan, 2025 03:04am

Commodities

Malaysian palm oil futures lower

JAKARTA: Malaysian palm oil futures closed lower on Wednesday, tracking rival soyoil’s weakness in Dalian and...

Published 16 Jan, 2025 03:04am

Commodities

Japanese rubber futures soar

SINGAPORE: Japanese rubber futures climbed for the fifth consecutive session on Wednesday to their highest in more...

Published 16 Jan, 2025 03:04am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 41.317 billion...

Published 16 Jan, 2025 03:04am

Commodities

EU sanctions threat on Russian metal supports aluminium price

LONDON: Aluminium prices in London rose on Wednesday due to worries about tightening supplies to the European Union...

Published 16 Jan, 2025 03:04am

Commodities

Corn, soybeans steady near multi-month highs

CANBERRA/PARIS: Chicago corn and soybean futures edged higher on Wednesday to trade near multi-month highs as...

Published 16 Jan, 2025 03:04am

Commodities

Gold firms as dollar, yields slip; US inflation data looms

NEW YORK: Gold prices firmed on Wednesday as the US dollar and Treasury yields retreated, while market participants...

Published 16 Jan, 2025 03:04am

Commodities

French wheat export forecast held at lowest this century

PARIS: Farm office FranceAgriMer on Wednesday kept its monthly forecast for 2024/25 French soft wheat exports ...

Published 16 Jan, 2025 03:04am

Commodities

Iron ore near two-week high on strong China data

BEIJING: Iron ore futures extended gains on Wednesday, aided by China’s better-than-expected credit data, but ...

Published 16 Jan, 2025 03:04am

Commodities

Dollar slips after CPI data

NEW YORK: The dollar weakened against major peers on Wednesday after cooler-than-expected data eased fears that...

Published 16 Jan, 2025 03:04am

Industry

De-regulation of non-essential drugs has helped availability, realise export potential: PPMA chief

KARACHI: The deregulation of non-essential drugs has enabled pharmaceutical companies to resume production, improve...

Published 16 Jan, 2025 03:04am

Industry

USF subsidy: PTCL, Ufone take major chunk

ISLAMABAD: Pakistan Telecommunication Comp-any Limited (PTCL) and Ufone took major chunk of around Rs77 billion or ...

Published 16 Jan, 2025 03:04am

Business & Finance

Aurangzeb chairs PMIC meeting: Several key challenges to financial inclusion outlined

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting with the...

Published 16 Jan, 2025 03:04am

Industry

SECP reviewing cost audit framework for corporate sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is reviewing Cost Audit framework to balance...

Published 16 Jan, 2025 03:04am

Editorials

Making power affordable

EDITORIAL: Power Minister Awais Leghari’s recent detailed assessment of the state of the power sector and the...

Published 16 Jan, 2025 03:04am

Editorials

Advancing female education

EDITORIAL: The two-day conference on “Educating Girls in Muslim Societies: Challenges and Opportunities”, ...

Published 16 Jan, 2025 03:04am

Business & Finance

JPMorgan earns biggest-ever annual profit

NEW YORK: JPMorgan Chase on Wednesday posted record annual profit as its dealmakers and traders reaped a windfall...

Published 16 Jan, 2025 03:04am

Business & Finance

UK inflation dips

LONDON: Britain’s annual inflation rate unexpectedly fell to 2.5 percent last month, official data on Wednesday...

Published 16 Jan, 2025 03:04am

Money & Banking

Asian currencies: Rupiah hits over 5-month low

BENGALURU: Indonesia’s rupiah fell to its lowest in more than five months on Wednesday ahead of the central...

Published 16 Jan, 2025 03:04am

Industry

LCCI holds seminar titled ‘real estate taxation’

LAHORE: The Lahore Chamber of Commerce and Industry has organized an important seminar on “Real Estate Taxation”...

Published 16 Jan, 2025 03:04am

Industry

Collector Customs addresses FCCI members, speaks of progressive steps

FAISALABAD: Import and export containers are being cleared on the same day under the multiple steps taken for the...

Published 16 Jan, 2025 03:04am

Industry

Pakistan, Bangladesh needed to ink FTA or PTA: FPCCI

KARACHI: Atif Ikram Sheikh, President FPCCI, has stressed that Pakistan and Bangladesh need to have free trade...

Published 16 Jan, 2025 03:04am

Industry

KCCI urges govt to probe stepped-up load-shedding

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani while strongly criticizing...

Published 16 Jan, 2025 03:04am

Business & Finance

61bps drop in PIBs yield recorded

KARACHI: Margins on long-term government papers fell up to 61 basis points (bps) in the auction held on Wednesday....

Published 16 Jan, 2025 03:04am

Business & Finance

Petrol price hiked by Rs3.47, HSD’s by Rs2.61

ISLAMABAD: Federal government announced on Wednesday a raise in petroleum products prices up to Rs 3.47 per litre ...

Published 16 Jan, 2025 03:04am

Companies

Ideas by GulAhmed unveils experience store at Dolmen Mall Clifton

KARACHI: Ideas by GulAhmed, a leading name in Pakistan’s fashion and lifestyle industry, has launched it’s...

Published 16 Jan, 2025 03:04am

Companies

Haaris Mahmood Chaudhary appointed CEO of Mobilink Bank

KARACHI: The Board of Mobilink Bank has announced the appointment of Haaris Mahmood Chaudhary as the new Chief...

Published 16 Jan, 2025 03:04am

Companies

Bisconni’s premium biscuit range wins award

KARACHI: Bisconni’s premium biscuit range has been awarded the prestigious ‘Home Brand of the Year –...

Published 16 Jan, 2025 03:04am

Previous Day

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 13	276.80 ▼ -0.01
USD PKR Interbank Buying / Nov 13	276.60 ▼ -0.01
USD to Japanese Yen / Nov 13	159.71 ▼ -0.21
USD to Swiss Franc / Nov 13	0.84 ▲ 0.003
Pound Sterling to USD / Nov 13	1.32 ▼ -0.0022
Euro to USD / Nov 13	1.10 ▼ -0.0036
SOFR % / Nov 12	3.90 ▲ 0.01

Stock	Volume
S&P 500 / Nov 13	7,561.67
India Sensex / Nov 13	81,592.45
Tokyo Nikkei / Nov 13	61,142.35
Nasdaq / Nov 13	25,136.27
Hang Seng / Nov 13	23,637.60
FTSE 100 / Nov 13	10,902.56
Dow Jones / Nov 13	52,347.55
Germany DAX 30 / Nov 13	26,749.95
France CAC40 / Nov 13	8,368.91

Item	Value
Petrol/Litre / Nov 16	330
Diesel/Litre / Nov 16	360
Crude Oil USD/Barrel / Nov 13	88.56
Karachi Cotton PKR/37.32 KG / Nov 13	18,080
Gold 10 Grams PKR / Nov 13	352,911
Gold Spot USD/Ounce / Nov 13	3,884.49
Cotton US¢/pound / Nov 13	82.61

Gainers
Losers
Leaders

Stock	Price
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	6.07 ▲ 1 (19.72%)
Dewan Sugar / Nov 13 Dewan Sugar Mills Limited(DWSM)	8.77 ▲ 1 (12.87%)
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	2.64 ▲ 0.28 (11.86%)
Shabbir Tiles / Nov 13 Shabbir Tiles & Ceramics Limited(STCL)	10.10 ▲ 1 (10.99%)
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	1.38 ▲ 0.13 (10.4%)
Pervez Ahmed Consultancy / Nov 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	12.06 ▲ 1.1 (10.04%)
Unicap Modaraba / Nov 13 Unicap Modaraba(UCAPM)	22.84 ▲ 2.08 (10.02%)
Leather Up Ltd. / Nov 13 Leather Up Limited(LEUL)	82.90 ▲ 7.54 (10.01%)
Ningbo Green Light / Nov 13 Ningbo Green Light Energy Limited(NGLEL)	16.48 ▲ 1.5 (10.01%)
Zuma Resources / Nov 13 Zuma Resources Limited(ZUMA)	33.75 ▲ 3.07 (10.01%)

Stock	Price
Arpak Int. / Nov 13 Arpak International Investments Ltd.(ARPAK)	124.84 ▼ -13.87 (-10%)
First AL-Noor Mod. / Nov 13 First Al-Noor Modaraba(FANM)	12.64 ▼ -1.36 (-9.71%)
Shadman Cotton / Nov 13 Shadman Cotton Mills Limited(SHCM)	69.87 ▼ -6.73 (-8.79%)
Fateh Sports / Nov 13 Fateh Sports Wear Limited(FSWL)	193.60 ▼ -16.58 (-7.89%)
Asim Textile / Nov 13 Asim Textile Mills Limited(ASTM)	62.73 ▼ -4.34 (-6.47%)
D.M. Corporation / Nov 13 D.M. Corporation Limited(DMC)	151.06 ▼ -9.64 (-6%)
Bhanero Textile / Nov 13 Bhanero Textile Mills Limited(BHAT)	1,207.41 ▼ -76.42 (-5.95%)
Hira Textile / Nov 13 Hira Textile Mills Limited(HIRAT)	4.01 ▼ -0.24 (-5.65%)
J.A.Textile / Nov 13 J.A. Textile Mills Limited(JATM)	73.72 ▼ -4.26 (-5.46%)
AN Textile Mills / Nov 13 AN Textile Mills Limited(ANTM)	58.55 ▼ -3.21 (-5.2%)

Stock	Volume
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	303,195,710 ▲ 0.13
Kohinoor Spinning / Nov 13 Kohinoor Spinning Mills Limited(KOSM)	59,505,118 ▲ 0.34
LSE Financial Serv. / Nov 13 LSE Financial Services Limited(LSEFSL)	46,791,082 ▲ 0.28
Dost Steels Ltd. / Nov 13 Dost Steels Limited(DSL)	43,180,738 ▲ 0.37
TPL Properties / Nov 13 TPL Properties Limited(TPLP)	32,746,701 ▲ 0.48
Tasdeeq Info. Serv. / Nov 13 Tasdeeq Information Services Limited(TISL)	27,571,943 ▲ 0.05
F. Nat.Equities / Nov 13 First National Equities Limited(FNEL)	24,996,122 ▲ 0.01
Yousuf Weaving / Nov 13 Yousaf Weaving Mills Limited(YOUW)	24,965,743 ▲ 1
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	22,527,745 ▲ 0.14
Dar-es-Salaam / Nov 13 Dar-es-Salaam Textile Mills Limited(DSML)	21,467,835 ▲ 0.82