News Archives for Latest - 2025-01-17

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Companies

Greentree to acquire 35.147pc TRG stake

KARACHI: Greentree Holdings Limited has formally issued a public announcement of offer to acquire up to 35.147...

Updated 16 Jan, 2026 01:36pm

BR Research

TRG Pakistan Limited

TRG Pakistan Limited (PSX: TRG) was incorporated in Pakistan as a public limited company in 2002. The company...

Updated 16 Jan, 2026 01:13pm

World

Trump, Xi speak by phone, vow improved ties despite threats

WASHINGTON: Donald Trump and Chinese President Xi Jinping spoke by phone on Friday, days before the incoming US...

Published 17 Jan, 2025 11:47pm

World

Russia, Iran to harden military and trade ties in new pact

MOSCOW: Russia and Iran are poised to sign a new treaty on Friday to cement their military and economic ties, a pact...

Published 17 Jan, 2025 11:24pm

Currency

Rupee registers gain against US dollar

Currency settles at 278.71 against the greenback in inter-bank market

Updated 17 Jan, 2025 10:47pm

Middle East

Israeli security cabinet recommends Gaza ceasefire deal

JERUSALEM/CAIRO: The Israeli security cabinet has recommended approving the Gaza ceasefire and hostage return deal,...

Updated 17 Jan, 2025 10:40pm

Stocks

Stocks rebound as KSE-100 gains over 1,400 points

The Pakistan Stock Exchange (PSX) saw a return of positivity with the benchmark KSE-100 Index gaining over 1,400...

Updated 17 Jan, 2025 10:40pm

Markets

Afghan transit trade: ECC okays insurance guarantee for DAP imports

Economic Coordination Committee authorises Finance Division to approve payment of projected Rs935.78mn in net salaries of Pakistan Steel Mills employees for FY25

Published 17 Jan, 2025 10:18pm

Pakistan

£190mn Al-Qadir Trust case: Imran sentenced to 14 years in prison

Bushra Bibi handed seven years jail time in same case

Updated 17 Jan, 2025 10:34pm

Pakistan

PIA apologises for controversial Eiffel Tower advert

Pakistan national airline draws criticism over ad published to mark first flight to Paris after safety ban lifted

Updated 17 Jan, 2025 10:33pm

USA

US Supreme Court upholds law banning TikTok from January 19

WASHINGTON: The U.S. Supreme Court upheld on Friday a law banning TikTok in the United States on national security...

Published 17 Jan, 2025 09:13pm

Markets

Pakistan registers massive $582mn current account surplus in December 2024

This is fifth consecutive month of current account surplus

Updated 17 Jan, 2025 09:04pm

Pakistan

Security forces kill five terrorists in Tirah operation

The security forces on Friday killed five terrorists in an intelligence-based operation in (IBO) Tirah, Khyber...

Published 17 Jan, 2025 08:30pm

Europe

Russia hopes Gaza ceasefire leads to long-term stability, Putin says

MOSCOW: Russia hopes that the ceasefire in Gaza will lead to long-term stabilisation of the region, President...

Published 17 Jan, 2025 08:13pm

Forex

Oil set for fourth straight week of gains as investors assess US sanctions

LONDON: Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the...

Updated 17 Jan, 2025 08:06pm

Statistics

Pakistan’s REER index clocks in at 103.7 in December 2024

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

Updated 17 Jan, 2025 07:58pm

Stocks

UAE bourses close lower ahead of fourth-quarter earnings

Stock markets in the United Arab Emirates closed lower on Friday, despite rising oil prices, ahead of the upcoming...

Published 17 Jan, 2025 07:52pm

Statistics

1HFY25 FDI clocks in at $1.3bn, up 20% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 20% during the first half of the ongoing fiscal year (1HFY25),...

Updated 17 Jan, 2025 07:22pm

Pakistan

Pakistan launches first home-made observation satellite

KARACHI: Pakistan launched its first home-made observation satellite on Friday from the Jiuquan Satellite Launch...

Updated 17 Jan, 2025 06:50pm

Forex

India’s forex reserves slump to 10-month low amid sliding rupee

MUMBAI: India’s foreign exchange reserves extended their losing streak for a sixth straight week and stood at a...

Published 17 Jan, 2025 06:46pm

Energy

Global LNG: Asian spot LNG slips amid healthy stocks, weak demand

SINGAPORE: Asian spot liquefied natural gas (LNG) prices slightly declined this week, weighed by healthy inventory...

Published 17 Jan, 2025 06:42pm

Europe

Four killed in Russian missile attack on Ukrainian city of Kryvyi Rih

A Russian missile attack killed atleast four people and partially destroyed an educational facility in the city of...

Published 17 Jan, 2025 06:37pm

Make no case on weak grounds, PM tells FBR

Directs authorities to expedite the FBR’s legal steps being taken to ensure the early conclusion of the under-trial cases of tax revenues

Updated 17 Jan, 2025 06:36pm

USA

Los Angeles evacuees told to stay away from home at least another week

LOS ANGELES: Los Angeles officials told most evacuees from the wildfires on Thursday to stay away from their homes...

Updated 17 Jan, 2025 06:35pm

Sports

Shakeel and Rizwan fifties revive Pakistan after Seales treble

Saud Shakeel and Mohammad Rizwan hit unbeaten half-centuries to help Pakistan overcome Jayden Seales’ three-wicket...

Updated 17 Jan, 2025 06:31pm

Stocks

IT stocks drags Indian equity benchmarks to weekly losses

India’s benchmark indexes declined on Friday and logged weekly losses as IT companies tumbled on mounting worries...

Published 17 Jan, 2025 06:22pm

Stocks

Utilities, communication services stocks boost Sri Lanka shares

CSE All-Share index settled up 0.26% at 16,257.31

Published 17 Jan, 2025 06:19pm

Commodities

Aluminium, copper rise on strong Chinese data

LONDON: Aluminium prices rose on Friday to the highest in almost eight weeks, while copper hit a five-week high as...

Published 17 Jan, 2025 06:17pm

Commodities

Palm posts weekly drop, weighed down by rival oils

JAKARTA: Malaysian palm oil futures posted a weekly drop despite ending higher on Friday amid sluggish demand from...

Published 17 Jan, 2025 06:15pm

Bullion Rate

Gold price per tola increases Rs400 in Pakistan

Gold prices in Pakistan increased on Friday in line with their rise in international rates. In the local market, the...

Published 17 Jan, 2025 05:12pm

Recorder headlines

Published 17 Jan, 2025 04:02pm

NEV policy tailored to meet national priorities: MoI&P

ISLAMABAD: Ministry of Industries and Production emphasised policy interventions to ensure smooth adoption of New...

Updated 17 Jan, 2025 03:57pm

Opinion

Neoliberalism, IMF’s exceptional financing & recidivist behaviour of programme countries—I

Traditionally, Pakistan has been infamously called a ‘one-tranche’ country, which although is correct in the context...

Updated 17 Jan, 2025 03:41pm

‘Cost of Diamer-Bhasha Dam Project has increased 119.21pc’

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

Updated 17 Jan, 2025 03:19pm

Life & Style

Ambani venture to livestream Coldplay show in Ahmedabad

British rock-band Coldplay has partnered with Indian billionaire Mukesh Ambani’s broadcast venture to livestream one...

Published 17 Jan, 2025 02:20pm

Forex

South African rand firms ahead of Trump inauguration

JOHANNESBURG: South Africa’s rand strengthened in cautious trade on Friday, as investor focus shifted towards US...

Published 17 Jan, 2025 02:16pm

Stocks

European shares on track for fourth straight weekly gain as yields fall

European shares advanced in broad-based gains on Friday as government bond yields continued to ease, keeping the...

Published 17 Jan, 2025 02:14pm

Forex

Kenyan shilling stable against dollar, LSEG data shows

NAIROBI: Kenya’s shilling was stable against the US dollar on Friday, data from the London Stock Exchange Group...

Published 17 Jan, 2025 02:12pm

Europe

Iranian president arrives in Moscow for treaty signing with Putin, TASS says

MOSCOW: Iranian President Masoud Pezeshkian arrived in Moscow on Friday for talks with Russian President Vladimir...

Published 17 Jan, 2025 02:10pm

Sports

Erling Haaland signs 10-year contract with Man City until 2034

Erling Haaland has signed a 10-year contract with Manchester City which will keep him at the club until 2034, the...

Published 17 Jan, 2025 02:06pm

Energy

OPEC’s share in India’s annual oil imports rises after 8-year drop

NEW DELHI: OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years,...

Published 17 Jan, 2025 02:04pm

Commodities

China Dec aluminium output rises 4.2% y/y to 3.77mn metric tons

SHANGHAI: China’s aluminium production rose by 4.2% to 3.77 million metric tons in December from a year earlier,...

Published 17 Jan, 2025 12:32pm

Forex

Australian, NZ dollars set for first weekly gain in seven, but bearish trend persists

SYDNEY: The Australian and New Zealand dollars are on track for their first weekly gain in seven on Friday, but...

Published 17 Jan, 2025 12:30pm

Energy

India’s IOC buys Middle East, African oil to replace Russian supply

SINGAPORE/NEW DELHI: Indian Oil Corp (IOC), the country’s top refiner, has bought 7 million barrels of spot Middle...

Published 17 Jan, 2025 12:20pm

Commodities

Corn heads for weekly gain on tighter supply outlook

CANBERRA: Chicago corn futures rose on Friday and were headed for a second consecutive weekly gain, underpinned by a...

Published 17 Jan, 2025 12:18pm

Forex

Yuan on track to snap 4-week losing streak after GDP surprise

HONG KONG: The yuan strengthened against the dollar on Friday and looked set for its first weekly gain in over a...

Published 17 Jan, 2025 12:06pm

Commodities

Iron ore heads for weekly gains on better China data, resilient demand

BEIJING: Iron ore futures ticked up on Friday to head for a weekly rise at four-week-high levels as a raft of...

Published 17 Jan, 2025 12:02pm

Business & Finance

Malaysia’s economy grew 4.8% y/y in Q4, official advance estimates show

KUALA LUMPUR: Malaysia’s economy grew 4.8% in the fourth quarter from a year earlier, official advance estimates...

Published 17 Jan, 2025 11:59am

Forex

Asian currencies rise on softer dollar, stocks mixed

Most Asian currencies firmed on Friday, gathering momentum from a muted greenback ahead of Donald Trump’s return to...

Published 17 Jan, 2025 11:51am

Commodities

Palm set for third weekly drop, weighed down by rival oils

JAKARTA: Malaysian palm oil futures declined for a fourth straight session on Friday and were set to post their...

Published 17 Jan, 2025 11:48am

Commodities

Group in Thailand bought some 195,000 T feed wheat, traders say

HAMBURG: The TFMA group of animal feed importers in Thailand is believed to have purchased around 195,000 metric...

Published 17 Jan, 2025 11:43am

Mutual Funds

JGB yields track US Treasury yields lower

TOKYO: Japanese government bond yields slipped on Friday after US Treasury yields fell overnight following remarks...

Published 17 Jan, 2025 11:41am

Sports

Carlos Alcaraz slaps down Borges to reach second week at Australian Open

MELBOURNE: Third seed Carlos Alcaraz dropped his first set of the tournament but still safely secured his passage...

Published 17 Jan, 2025 11:38am

Europe

German foreign minister criticises Scholz for blocking more Ukraine aid, report says

German Foreign Minister Annalena Baerbock indirectly criticised Chancellor Olaf Scholz for his reluctance to approve...

Published 17 Jan, 2025 11:35am

Business & Finance

Reliance gains as retail, telecom growth fuels Q3 profit beat

Shares of Reliance Industries climbed as much as 5% in early trade on Friday, after the country’s most valuable...

Published 17 Jan, 2025 11:32am

Stocks

China, HK stocks rise on better-than-expected China economic data

SHANGHAI: China and Hong Kong stocks rose on Friday and were set to end the week higher as a slew of...

Published 17 Jan, 2025 11:30am

Stocks

South Korean shares track Wall Street lower; set for weekly rise

KOSPI was down 4.50 points, or 0.18%, at 2,522.99

Published 17 Jan, 2025 11:28am

Sports

Jannik Sinner says coach Darren Cahill will retire after season

Jannik Sinner will part ways with veteran coach Darren Cahill after this season, the world’s top-ranked tennis...

Published 17 Jan, 2025 11:25am

Europe

Emmanuel Macron heads to Lebanon to push sovereignty, reforms amid new hope

BEIRUT: France President Emmanuel Macron will travel to Lebanon on Friday for the first time since 2020 to help...

Published 17 Jan, 2025 11:12am

USA

Trump ally Arkansas governor Sarah Sanders to attend Davos forum

WASHINGTON: Arkansas Governor Sarah Sanders, a key ally of President-elect Donald Trump, plans to attend the World...

Published 17 Jan, 2025 11:06am

Asia

China’s population falls for a third consecutive year

HONG KONG: China’s population fell for a third consecutive year in 2024, with the number of deaths outpacing a...

Published 17 Jan, 2025 11:00am

Asia

Japan foreign minister to highlight defence spending, investment at Trump inaugural

TOKYO: Japan’s foreign minister said on Friday he would highlight the economic and national security value that the...

Published 17 Jan, 2025 10:57am

Business & Finance

Nearly 86% of Japan households see prices rising a year from now, survey shows

TOKYO: About 85.7% of Japanese households expect prices to rise a year from now, a quarterly central bank survey in...

Published 17 Jan, 2025 10:52am

Bullion Rate

Gold poised for third weekly gain on Fed rate cut bets

Gold held firm near a five-week high on Friday and was set for a third straight week of gains, as US inflation data...

Published 17 Jan, 2025 10:49am

Mutual Funds

India bond yields seen little changed before debt supply

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

Published 17 Jan, 2025 10:46am

Stocks

India’s benchmark indexes set to open little changed

India’s benchmark indexes are expected to open largely flat on Friday as investors assess the quarterly results of...

Published 17 Jan, 2025 10:43am

Stocks

Japan’s Nikkei falls ahead of Trump inauguration; firmer yen hurts exporters

TOKYO: Japan’s Nikkei share average fell on Friday amid caution ahead of market reaction to President-elect Donald...

Published 17 Jan, 2025 10:41am

Stocks

Australian shares flat; Rio Tinto drags miners down after potential merger talks

Australian shares traded flat on Friday, with gains in healthcare firms offset by losses in miners, including Rio...

Published 17 Jan, 2025 10:39am

World

Jair Bolsonaro appeals court rejection of his bid to attend Trump’s inauguration

BRASILIA: Former President Jair Bolsonaro’s defense filed a request late on Thursday with Brazil’s highest court to...

Published 17 Jan, 2025 10:38am

FBR allows entry of Azerbaijan’s cargo vehicles

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday allowed entry of Azerbaijan’s registered vehicles...

Updated 17 Jan, 2025 09:22am

KEPZ’s audits yield record Rs71m revenue recovery

KARACHI: The Export Collectorate, Port Qasim (PMBQ) has reported unprecedented success in revenue recovery through...

Updated 17 Jan, 2025 09:20am

Issues facing French IPPs come under discussion

ISLAMABAD: French ambassador to Pakistan, Nicolas Galey on Thursday reached Power Division to hold a meeting with...

Updated 17 Jan, 2025 09:19am

Foreign-funded projects: Design changes, consultant delays stall work: Senate panel

ISLAMABAD: The Senate Standing Committee on Economic Affairs expressed serious concerns over the delay in the...

Updated 17 Jan, 2025 09:17am

Paper & paperboard: TPB to waive 10pc RD beyond Dec 31, 2024

ISLAMABAD: The Tariff Policy Board (TPB), has decided to withdraw 10 percent regulatory duty on paper and paperboard...

Updated 17 Jan, 2025 09:06am

PM welcomes launch of Menzies Aviation

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday welcomed the launch of Menzies Aviation – an international...

Updated 17 Jan, 2025 09:05am

Warehousing as industry: ECC reapproves declaration

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has reapproved declaration of warehousing as...

Updated 17 Jan, 2025 09:00am

KE team meets govt officials to resolve issues

ISLAMABAD: K-Electric team led by Chairman of KE’s Board of Directors, Mark Skelton held meetings with key...

Updated 17 Jan, 2025 09:00am

Sports

Ancelotti sympathizes with Real fans who booed his team in cup win over Celta

MADRID: Real Madrid manager Carlo Ancelotti said that he understands the club fans booying him and his team in their...

Published 17 Jan, 2025 08:57am

Sports

Aryna Sabalenka through to fourth round of Australian Open after tough battle

MELBOURNE: Defending champion Aryna Sabalenka shrugged off a shaky display to fight her way into the fourth round of...

Published 17 Jan, 2025 08:54am

BR’s refresher: your morning briefing for the day

Important updates from January 16, 2025

Published 17 Jan, 2025 08:51am

Asia

South Korea’s Yoon refuses questioning again as detention deadline looms

SEOUL: South Korea’s arrested President Yoon Suk Yeol will not attend a new round of questioning by investigators on...

Published 17 Jan, 2025 08:50am

Asia

Bird feathers, blood found in both engines of crashed jet in South Korea, source says

SEOU: Investigators found bird feathers and blood in both engines of the Jeju Air jet that crashed in South Korea...

Published 17 Jan, 2025 08:47am

USA

Joe Biden says Netanyahu should accommodate ‘legitimate concerns’ of Palestinians

WASHINGTON: Outgoing Democratic U.S. President Joe Biden said on Thursday that Israeli Prime Minister Benjamin...

Published 17 Jan, 2025 08:41am

Markets

China’s property investment drops 10.6% in 2024, sales slump 12.9%

BEIJING: Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven...

Published 17 Jan, 2025 08:35am

Forex

Prospect of Fed rates cut to help Indian rupee amid Trump worries

MUMBAI: The Indian rupee, on Friday, will likely get support from remarks by a Federal Reserve official that the...

Published 17 Jan, 2025 08:33am

Technology

Nintendo to release Switch 2 this year; shares slide 6%

TOKYO: Japan’s Nintendo said on Thursday it will release the Switch 2 console this year, unveiling a device that...

Published 17 Jan, 2025 08:28am

Business & Finance

World Bank warns that US tariffs could reduce global growth outlook

WASHINGTON: The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already...

Published 17 Jan, 2025 08:22am

Business & Finance

China’s economic growth surpasses forecasts on stimulus push

BEIJING: China’s economy ended 2024 on better footing than expected helped by a flurry of stimulus measures,...

Published 17 Jan, 2025 08:18am

Forex

Yen set for best week in over a month on BOJ rate hike bets

SINGAPORE: The yen was poised for its strongest weekly performance in over a month as expectations grow that the...

Published 17 Jan, 2025 08:14am

Stocks

Asia stocks fall despite China GDP beat; bond yields drop with Fed in focus

TOKYO: The tone in global stocks turned weaker on Friday as Asian shares tracked overnight losses on Wall Street,...

Published 17 Jan, 2025 08:09am

Companies

Boeing resumes 777X test flights after grounding in August

SEATTLE: Boeing resumed testing for its long-delayed 777X wide body jet on Thursday, with the first flight since the...

Published 17 Jan, 2025 08:00am

BR Research

It’s all relative

Happiness can be fleeting, and if the adage “this too shall pass” always holds true, unhappiness would be too. Not...

Published 17 Jan, 2025 07:55am

Opinion

Responding to the challenge of terrorism

Abdul Basit Alvi Following the Taliban’s return to power in 2021, the situation has grown more complex, with...