News Archives for Latest - 2025-01-23

World

Saudi FM says confident of reform under new Lebanon leaders

BEIRUT: Saudi Arabia’s top diplomat, on his country’s first high-level visit to Beirut after years of strained ties,...

Published 23 Jan, 2025 11:41pm

Energy

Oil prices fall as Trump urges lower oil costs, weighs tariff

NEW YORK: Oil fell more than 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring...

Published 23 Jan, 2025 11:27pm

Money & Banking

Trump tells Davos he will demand lower interest rates, oil prices

US president says interest rates should be dropping all over the world

Updated 23 Jan, 2025 11:29pm

Pakistan

‘No change in policy’: Pakistan committed to its application to join BRICS, says FO

Pakistan Foreign Office (FO) spokesperson Shafqat Ali Khan said on Thursday that there was no change in Pakistan’s...

Updated 23 Jan, 2025 11:22pm

Energy

PPL increases gas production at Shahdad X-1

Pakistan Petroleum Limited (PPL) has successfully increased natural gas production at Shahdad X-1, a sweet gas well...

Updated 23 Jan, 2025 11:14pm

Commodities

Pakistan drought dents winter harvest

LAHORE: A winter drought is ravaging crops in Pakistan’s breadbasket, farmers said Thursday, with the region parched...

Updated 23 Jan, 2025 11:12pm

Stocks

KSE-100 rebounds with nearly 600-point gain to settle above 114,000

After experiencing selling pressure in the last two trading sessions, positivity returned to the Pakistan Stock...

Updated 23 Jan, 2025 11:09pm

Forex

SBP-held foreign exchange reserves fall to $11.45bn on debt repayments

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $276 million on a weekly basis,...

Updated 23 Jan, 2025 11:08pm

Business & Economy

Pakistan’s inflation expected to fall below 3% in January

Declining inflation raise hopes of further cut in policy rate

Updated 23 Jan, 2025 11:05pm

Business & Economy

$20bn funding: World Bank’s Country Partnership Framework for Pakistan launched

PM Shehbaz reaffirms commitment to implementing 10-year programme aimed to support inclusive, sustainable development

Updated 23 Jan, 2025 11:03pm

Currency

Rupee registers slight improvement against US dollar

Currency settles at 278.72 against the greenback in inter-bank market

Updated 23 Jan, 2025 11:01pm

Pakistan

Imran says to call off talks with govt over delay in formation of judicial commissions: Gohar

Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar said on Thursday that Imran Khan has said to call off...

Updated 23 Jan, 2025 09:33pm

USA

Massive new Los Angeles-area fire balloons as winds pick up

CASTAIC, CALIFORNIA: Powerful winds and bone-dry conditions could pose a challenge to firefighters battling new...

Published 23 Jan, 2025 09:20pm

Europe

Trade wars sparked by Trump tariffs would be ‘catastrophic’, WTO chief says

GENEVA/DAVOS: The World Trade Organization chief said on Thursday that any tit-for-tat trade wars prompted by U.S....

Published 23 Jan, 2025 08:22pm

Europe

UK teenager interrupts sentencing for murders of three girls in Southport

LONDON: A British teenager on Thursday repeatedly interrupted the start of his sentencing for murdering three young...

Published 23 Jan, 2025 08:12pm

Asia

UK tech minister expresses concern over TikTok

LONDON: Britain’s technology minister is “genuinely concerned” about how Chinese-owned TikTok could use the data of...

Published 23 Jan, 2025 08:11pm

Stocks

US stocks mixed ahead of Trump Davos appearance

NEW YORK: Major US stock indices moved in opposite directions early Thursday following mixed earnings as markets...

Published 23 Jan, 2025 08:08pm

South Asia

ICC prosecutor seeks arrest warrants for two Taliban leaders in Afghanistan

THE HAGUE: The International Criminal Court prosecutor said on Thursday he had applied for arrest warrants for two...

Updated 23 Jan, 2025 08:06pm

Middle East

Saudi FM in Lebanon for first visit in almost 15 years: state media

BEIRUT: Saudi Arabia’s top diplomat landed in Beirut on Thursday to meet the country’s new leadership in the first...

Published 23 Jan, 2025 08:05pm

Stocks

Gulf markets end mixed amid Trump’s tariff plans

Stock markets in the Gulf ended mixed on Thursday, as investors remained cautious, keeping a watchful eye on U.S....

Published 23 Jan, 2025 07:44pm

World Bank’s Country Partnership Framework for Pakistan launched

Published 23 Jan, 2025 07:00pm

VEON, Jazz CEOs meet Aurangzeb

ISLAMABAD: On the sidelines of the World Economic Forum (WEF) annual meeting 2025 in Davos, VEON Group CEO Kaan...

Updated 23 Jan, 2025 06:46pm

Pakistan

Security forces kill 6 terrorists in Balochistan’s Zhob district: ISPR

Security forces killed six terrorists in Balochistan’s Zhob district as they were trying to infiltrate into the...

Published 23 Jan, 2025 06:33pm

Sports

Sabalenka beats Badosa to make third straight Australian Open final

MELBOURNE: Defending champion Aryna Sabalenka put her close friendship with Paula Badosa aside Thursday to sweep...

Published 23 Jan, 2025 05:42pm

Sports

India skipper Rohit Sharma among top stars to flop on domestic return

MUMBAI: Some of India’s top stars including Rohit Sharma on Thursday faltered on their return to domestic cricket...

Published 23 Jan, 2025 05:37pm

South Asia

Bangladesh frees 178 troops over deadly 2009 mutiny

DHAKA: Bangladesh let 178 former paramilitary troops walk free from jail Thursday, nearly 16 years after they were...

Published 23 Jan, 2025 05:30pm

Europe

Germany’s likely next chancellor demands migration crackdown after knife attack

BERLIN: Germany’s main opposition leader demanded a sweeping overhaul of migration policy and permanent border...

Published 23 Jan, 2025 05:30pm

Middle East

Palestinian official says hundreds leave Jenin as Israel presses raid

JENIN: A Palestinian official said hundreds of people began leaving their homes in a flashpoint area of the West...

Published 23 Jan, 2025 05:26pm

Middle East

Health ministry in Gaza says war toll at 47,283

GAZA STRIP: The health ministry in Hamas-run Gaza said on Thursday the death toll from the war with Israel had...

Published 23 Jan, 2025 05:19pm

Pakistan

National Assembly passes controversial Peca amendment bill

A contentious bill amending the country’s cybercrime laws was approved by the National Assembly on Thursday, with...

Published 23 Jan, 2025 05:18pm

Stocks

Sri Lanka shares end higher as IT stocks gain

CSE All-Share index settled 1.17% higher at 17,025.99

Published 23 Jan, 2025 05:14pm

Asia

Indonesia landslide death toll rises to 22 as search paused

PEKALONGAN: The death toll from a landslide on Indonesia’s main island of Java rose to 22 with four people still...

Published 23 Jan, 2025 05:14pm

Stocks

Derayah Financial launches first Saudi IPO of 2025 with offer of 20% stake

DUBAI: Saudi Arabia’s Derayah Financial will offer investors a 20% stake via an initial public offering, it said on...

Published 23 Jan, 2025 05:11pm

Commodities

Asia rice: Ample supply pushes India rates lower, Thai prices at 2-year low

Rice prices from top exporter India extended declines to an 18-month low on rising supplies amid depreciation in the...

Published 23 Jan, 2025 05:06pm

Middle East

Gaza ceasefire traps Netanyahu between Trump and far-right allies

JERUSALEM: Even before it was signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a...

Published 23 Jan, 2025 04:46pm

Commodities

Meta, WhatsApp win relief as India tribunal suspends data sharing ban

NEW DELHI: An Indian tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta...

Published 23 Jan, 2025 04:54pm

Energy

OGDCL boosts oil production at Kunnar Oil Field in Sindh

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company,...

Updated 23 Jan, 2025 04:37pm

Stocks

IT stocks lead gains in India’s benchmark indexes

India’s benchmark indexes closed higher on Thursday, led by IT stocks on optimism over the rise in artificial...

Published 23 Jan, 2025 04:33pm

Commodities

Copper prices dented by profit-taking amid tariff and China uncertainty

LONDON: Copper prices retreated on Thursday as investors locked in profits from a recent rally, awaiting further...

Published 23 Jan, 2025 04:31pm

Middle East

Saudi Arabia plans $600 billion in new US investment, trade over four years

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600...

Updated 23 Jan, 2025 04:28pm

Commodities

Palm ends lower on weak rival oils

JAKARTA: Malaysian palm oil futures closed lower for a second straight session on Thursday, dragged down by weakness...

Published 23 Jan, 2025 04:28pm

Companies

Mari Energies refutes fire reports at Daharki plant

Mari Energies Limited (MARI), formerly Mari Petroleum Company Limited, on Thursday, refuted social media reports of...

Updated 23 Jan, 2025 04:27pm

Senate panel told: SBP simplifying merchant account setup

ISLAMABAD: The Deputy Governor of the State Bank of Pakistan, Dr Inayat Hussain, Wednesday said the SBP is...

Updated 23 Jan, 2025 04:26pm

Recorder headlines

Published 23 Jan, 2025 04:04pm

Pakistan

Joint Action Committee rejects PECA amendments

The Joint Action Committee (JAC) rejected on Thursday any amendments to the Prevention of Electronic Crimes Act,...

Published 23 Jan, 2025 03:55pm

Bullion Rate

Gold price per tola decreases Rs750 in Pakistan

After increasing in the previous session, gold prices in Pakistan registered a decline on Thursday in line with...

Published 23 Jan, 2025 03:26pm

Forex

Ugandan shilling flat as FX appetite subdued, traders say

KAMPALA: The Ugandan shilling was flat on Thursday, with demand for hard currency subdued from importers and on the...

Published 23 Jan, 2025 03:19pm

Energy

Oil prices held down by Trump tariff uncertainty

LONDON: Oil prices were little changed on Thursday, maintaining the previous session’s losses on uncertainty over...

Updated 23 Jan, 2025 03:17pm

Effective Jan 1, 2025: PD moves to raise power rates with new petition

Change intended to minimize consumer backlash over tariff increases

Updated 23 Jan, 2025 02:43pm

Stocks

European stocks little changed as investors assess mixed earnings

European shares were flat on Thursday, hovering below a record high touched in the previous session, as a drop in...

Published 23 Jan, 2025 02:19pm

Europe

NATO chief Rutte says Europe will fund US weapons for Ukraine

DAVOS: NATO Secretary General Mark Rutte on Thursday called for the US to continue supplying Ukraine and said Europe...

Published 23 Jan, 2025 02:14pm

Stocks

Major Gulf markets gain; eyes on Trump’s tariff plan

Major stock markets in the Gulf rose in early trading on Thursday, with investors continuing to keep a close eye on...

Published 23 Jan, 2025 02:12pm

Sports

Melbourne doubles feud as Kichenok accuses Mladenovic of ‘direct threat’

MELBOURNE: Ukraine’s Lyudmyla Kichenok accused France’s Kristina Mladenovic Thursday of making a “very direct...

Published 23 Jan, 2025 01:42pm

USA

India says ‘open’ to return of undocumented immigrants in US

WASHINGTON: India is prepared to take back its citizens residing illegally in the United States, foreign minister...

Published 23 Jan, 2025 01:36pm

Life & Style

Fire-hit Hollywood awaits Oscar nominees, with ‘Emilia Perez’ in front

LOS ANGELES: This year’s Oscar nominations will be unveiled Thursday in an announcement delayed by the devastating...

Published 23 Jan, 2025 01:31pm

Asia

China lodges protest with Afghanistan over mine worker killing

BEIJING: China said Thursday it had lodged “solemn representations” with Afghanistan’s Taliban government over the...

Published 23 Jan, 2025 01:24pm

Sports

India management giving Abishek free rein to showcase his talent

NEW DELHI: India opener Abhishek Sharma said he has team management’s permission to bat with unbridled aggression...

Published 23 Jan, 2025 01:13pm

Europe

Putin growing concerned by Russia’s economy, as Trump pushes for Ukraine deal

MOSCOW: President Vladimir Putin has grown increasingly concerned about distortions in Russia’s wartime economy,...

Published 23 Jan, 2025 01:08pm

Sports

Real Madrid first club to generate 1 billion euros revenue in a season, Deloitte says

Real Madrid became the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season...

Published 23 Jan, 2025 12:59pm

Sports

Timur Kapadze named new Uzbekistan coach after Katanec departure

Timur Kapadze has been named Uzbekistan national team coach following the departure of Srecko Katanec due to ill...

Published 23 Jan, 2025 12:38pm

USA

Donald Trump taps Sean Curran as next Secret Service director

WASHINGTON: US President Donald Trump said on Wednesday he has selected Sean Curran to serve as director of the US...

Published 23 Jan, 2025 12:30pm

Forex

Australia, NZ dollars climb on yen as BOJ decision looms

SYDNEY: The Australian and New Zealand dollars clung onto gains against the yen on Thursday as traders braced for an...

Published 23 Jan, 2025 12:23pm

Sports

Hot start paces Ludvig Aberg to lead at Farmers Insurance Open

Sweden’s Ludvig Aberg shot a 9-under-par 63 on the Torrey Pines North Course to take a two-shot lead after the...

Published 23 Jan, 2025 12:20pm

Forex

Thai baht/US dollar weaker on Thursday

Baht was 0.19% lower at 33.93 versus the dollar

Published 23 Jan, 2025 12:17pm

Commodities

soybeans rises, but suspension on some Brazilian cargoes to China weighs

BEIJING: Chicago soybeans edged higher on Thursday, supported by concerns that unfavourable weather in South America...

Published 23 Jan, 2025 12:14pm

USA

Donald Trump pardons two police officers convicted in murder of Black man in Washington

WASHINGTON: Republican US President Donald Trump on Wednesday pardoned two police officers in Washington who were...

Published 23 Jan, 2025 12:11pm

Stocks

South Korean shares fall on weaker-than-expected GDP data

KOSPI was down 20.29 points, or 0.80%, at 2,526.77

Published 23 Jan, 2025 11:54am

USA

Aerial views show ash and rubble from Los Angeles fire zones

LOS ANGELES: From the air, the once-thriving Los Angeles neighborhoods wiped out by recent wildfires now appear as...

Published 23 Jan, 2025 11:51am

Technology

Taiwan’s HTC to sell part of XR unit to Google for $250mn

TAIPEI: Taiwan’s HTC said on Thursday it will sell part of its unit for extended reality (XR) headsets and glasses...

Published 23 Jan, 2025 11:47am

Commodities

Iron ore rangebound amid China support for stocks and tariff concerns

SINGAPORE: Iron ore futures traded in a narrow range on Thursday, as investors weighed fresh initiatives by top...

Published 23 Jan, 2025 11:44am

Business & Finance

Thai December exports rise 8.7% y/y, above forecast

BANGKOK: Thailand’s customs-cleared exports rose 8.7% in December from a year earlier, the commerce ministry said on...

Published 23 Jan, 2025 11:41am

USA

Marco Rubio discusses Middle East, Indo-Pacific with Indonesian foreign minister

JAKARTA: The new United States Secretary of State Marco Rubio spoke with Indonesian Foreign Minister Sugiono, the US...

Published 23 Jan, 2025 11:38am

USA

US Senate committee to hold Jan. 29 hearing on Trump commerce nominee

WASHINGTON: The Senate Commerce Committee said on Wednesday it would hold a Jan. 29 hearing on President Donald...

Published 23 Jan, 2025 11:34am

Forex

China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand

SHANGHAI: China’s yuan slipped against the dollar on Thursday, as investor concerns over US President Donald Trump’s...

Published 23 Jan, 2025 11:30am

Business & Finance

Qatar drafting new laws aimed at boosting foreign investment

DOHA: Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf...

Published 23 Jan, 2025 11:27am

Companies

Tesla to significantly raise prices of all cars in Canada, website shows

Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with...

Published 23 Jan, 2025 11:22am

Business & Finance

India’s Hindustan Unilever drops to 8-month low on margin concerns

Shares of Hindustan Unilever fell as much as 3.5% on Thursday to their lowest level since May after the Indian...

Published 23 Jan, 2025 11:02am

South Asia

India watchdog faults probe of Foxconn hiring, orders new inquiry

NEW DELHI: India’s powerful human rights watchdog has admonished labor officials for failure to adequately...

Published 23 Jan, 2025 10:59am

Stocks

China stocks climb on Beijing’s plan for insurers to buy mainland shares

HONG KONG: Chinese stocks rose on Thursday, supported by the financial sector after Beijing unveiled plans to...

Published 23 Jan, 2025 10:54am

Business & Finance

Singapore December core inflation at 1.8% y/y, lowest since November 2021

SINGAPORE: Singapore’s key consumer price gauge rose 1.8% in December from a year earlier, higher than economist...

Published 23 Jan, 2025 10:51am

Business & Finance

Hyundai Motor Q4 profit falls 17% as discounts weigh

SEOUL: South Korea’s Hyundai Motor reported on Thursday a 17% fall in fourth-quarter operating profit, declining...

Published 23 Jan, 2025 10:49am

Commodities

Palm declines on weak rival oils

JAKARTA: Malaysian palm oil futures opened lower for a second straight session on Thursday, dragged down by weakness...

Published 23 Jan, 2025 10:46am

Asia

Magnitude 5.7 earthquake hits Mindanao, Philippines, GFZ says

A magnitude 5.7 earthquake struck Mindanao, Philippines, GFZ said on Thursday, just hours after an earthquake of...

Published 23 Jan, 2025 10:44am

Bullion Rate

Gold eases on dollar strength amid Trump policy concerns

Gold prices eased on Thursday from a near three-month peak, as the dollar gained, while investors awaited further...

Published 23 Jan, 2025 10:40am

Stocks

Australian shares snap three-day rally as miners drag on Trump’s China tariff plans

Australian shares halted a three-day rally on Thursday, as uncertainties surrounding US President Donald Trump’s...

Published 23 Jan, 2025 10:38am

Stocks

Japan’s Nikkei rides tech boost higher; BOJ in focus

TOKYO: Japan’s Nikkei share average rose on Thursday as SoftBank Group and other technology stocks tracked their US...

Published 23 Jan, 2025 10:36am

Mutual Funds

India bond yields stabilise; debt supply, federal budget in focus

MUMBAI: Indian government bond yields were flat on Thursday after the benchmark yield declined for three consecutive...

Published 23 Jan, 2025 10:33am

Forex

Relief for Indian rupee expected to be short-lived amid weak Asian peers

MUMBAI: The Indian rupee, after a small relief rally, is poised to decline on Thursday, tracking declines in Asian...

Published 23 Jan, 2025 10:31am

Ground-breaking of first Daanish School performed in AJK: PM explains how default averted

BHIMBER (AJK): Prime Minister Muhammad Shehbaz Sharif on Wednesday performed ground breaking of the first Daanish...

Updated 23 Jan, 2025 09:37am

SBP unveils key changes to implement IFRS 9

KARACHI: The State Bank of Pakistan (SBP) has announced key amendments to implement International Financial...

Updated 23 Jan, 2025 09:30am

SIFC reviews progress of ongoing projects

ISLAMABAD: The Special Investment Facilitation Council (SIFC) held its 12th Executive Committee meeting to review...

Updated 23 Jan, 2025 09:29am

Starlink yet to get security clearance

ISLAMABAD: Starlink Internet Services (Private) Ltd is yet to get security clearance – a prerequisite for obtaining...

Updated 23 Jan, 2025 09:11am

Aleem urges Uzbek investors to set up showrooms

ISLAMABAD: Federal Minister for Privatisation, Board of Investment and Communications, Abdul Aleem Khan, while...

Updated 23 Jan, 2025 09:07am

To undergo rightsizing panel review: ECC directs ministry to submit EOBI business plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Ministry of Overseas Pakistanis...

Updated 23 Jan, 2025 09:06am

Weekly maritime service to commence on Feb 5

KARACHI: The weekly maritime service will commence its operations globally on February 5, 2025 with its first...

Updated 23 Jan, 2025 09:05am

Numerous issues uncovered: Gwadar Port struggles to achieve desired success

ISLAMABAD: Despite substantial investment in Pakistan’s Gwadar Port, the port has struggled to achieve its desired...

Updated 23 Jan, 2025 09:03am

Europe

Ukrainian drones attack city near Zaporizhzhia nuclear plant, officials say

Russia-installed officials in Ukraine’s partly-occupied Zaporizhzhia region said Ukrainian drones on Wednesday...

Published 23 Jan, 2025 09:02am

BR’s refresher: your morning briefing for the day

Important updates from January 22, 2025

Published 23 Jan, 2025 09:01am

World

CNN and NBC News to lay off employees, CNBC reports

CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Thursday, as it refocuses the...

Updated 23 Jan, 2025 08:57am

Asia

South Korea investigators ask prosecutors to indict Yoon for insurrection, abuse of power

SEOUL: South Korea’s anti-corruption agency requested on Thursday that prosecutors indict President Yoon Suk Yeol...

Published 23 Jan, 2025 08:55am

USA

New wildfire near Los Angeles explodes to 9,400 acres, forces evacuations

CASTAIC: A new wildfire that broke out north of Los Angeles on Wednesday rapidly spread to more than 9,400 acres (38...

Published 23 Jan, 2025 08:52am

Technology

Tata Motors looks to local battery play as EV competition rises

NEW DELHI: Tata Motors, India’s biggest electric car maker, is betting that locally manufactured EV batteries will...

Published 23 Jan, 2025 08:48am

BR Research

Lotte Chemical Pakistan Limited

Lotte Chemical Pakistan Limited (PSX: LOTCHEM) is a manufacturer and supplier of Purified Terephthalic Acid (PTA)....

Published 23 Jan, 2025 08:44am

Stocks

India’s benchmark indexes set for flat start

India’s benchmark indexes are set to open unchanged on Thursday amid caution due to uncertainty over U.S. President...

Published 23 Jan, 2025 08:43am

Business & Finance

SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

SEOUL: South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial...

Published 23 Jan, 2025 08:40am

Business & Finance

Japan December export growth beats forecast amid tariff jitters

TOKYO: Japanese exports rose for a third successive month in December as a weak yen boosted the value of shipments,...

Published 23 Jan, 2025 08:35am

BR Research

Barrels and balances: Crude oil in 2024 and beyond

The global oil market in 2024 was characterized by a mix of volatility and resilience, with prices and demand...

Published 23 Jan, 2025 08:35am

BR Research

Honda’s maybe recovery

Honda Atlas Cars (PSX: HCAR) will soon be ending its marketing year for 2025 having just announced the financial...

Published 23 Jan, 2025 08:32am

Business & Finance

American firms in China fearful of US-China trade turmoil at 5-year high, survey shows

SHANGHAI: More than half of the American businesses in China, the highest level in five years, say they are...

Published 23 Jan, 2025 08:31am

Pakistan

Trade convoy finally reaches Parachinar

ISLAMABAD: After facing multiple challenges, the trade convoy departing from Thall has finally reached Parachinar....

Updated 23 Jan, 2025 08:29am

Technology

Samsung unveils AI smartphones with Qualcomm chips, teases slimmer Galaxy phones

SEOUL/SAN FRANCISCO: Samsung Electronics on Wednesday unveiled its newest Galaxy S25 smartphones, powered by...

Published 23 Jan, 2025 08:28am

Technology

Microsoft’s LinkedIn sued for disclosing customer information to train AI models

Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform...

Published 23 Jan, 2025 08:23am

Stocks

HDFC Bank hauls Indian benchmarks out of earnings

MUMBAI: India’s benchmark indexes ended strongly on Wednesday, boosted by gains in HDFC Bank after its quarterly...

Published 23 Jan, 2025 08:16am

Stocks

S&P 500 hits record high on Trump’s AI investment plans

NEW YORK: Wall Street’s main indexes rose on Wednesday, with the benchmark S&P 500 hitting an all-time high, ...

Published 23 Jan, 2025 08:12am

Stocks

STOXX 600 closes at near four-month high

FRANKFURT: European stocks closed higher on Wednesday, driven by heavyweight technology and industrial sectors, with...

Published 23 Jan, 2025 08:12am

Business & Finance

Morgan Stanley’s Michael Grimes in talks for role in Trump administration, WSJ reports

Michael Grimes, a technology banker with Morgan Stanley, is in talks to leave the bank for a position in U.S....

Published 23 Jan, 2025 08:20am

Stocks

Tech drives Nikkei to 2-week closing high

TOKYO: Japan’s Nikkei share average posted a two-week closing high on Wednesday, powered by SoftBank Group and...

Published 23 Jan, 2025 08:15am

Money & Banking

Asian currencies: Malaysian ringgit extends gains

BENGALURU: The Malaysian ringgit extended gains on Wednesday after the country’s central bank kept interest rate...

Published 23 Jan, 2025 08:15am

Money & Banking

Dollar flat as market looks for tariff clarity

NEW YORK: The dollar was flat on Wednesday after touching a new two-week low, as investors continue to await...

Published 23 Jan, 2025 08:14am

Stocks

China and HK stocks tumble on Trump’s tariff threats

HONG KONG: China and Hong Kong stocks fell on Wednesday after US President Donald Trump hinted at new tariffs on...

Published 23 Jan, 2025 08:13am

Technology

OpenAI, SoftBank each commit $19bn to Stargate AI data center, the Information reports

OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund Stargate, a joint venture to develop...

Published 23 Jan, 2025 08:12am

Industry

Electric vehicles: 44pc discounted tariff welcomed

KARACHI: Malik Khuda Bakhsh, Convener of the Energy Standing Committee of the Federation of Pakistan Chambers of...

Published 23 Jan, 2025 08:10am

Forex

Dollar treads water as Trump tariff clarity, central banks awaited

TOKYO: The dollar steadied against major peers on Thursday, continuing its near paralysis of the past two days...

Published 23 Jan, 2025 08:09am

Pakistan

GHQ attack case: ATC adjourns hearing till 25th

RAWALPINDI: The Anti-Terrorism Court (ATC) hearing the General Headquarters (GHQ) attack case on Wednesday fixed...

Published 23 Jan, 2025 08:09am

Business & Finance

Chinese investors interested in PIEDMC's industrial estates

LAHORE: Chief Minister Punjab's recent visit to China is having a fruitful impact. Chinese investors have shown...

Published 23 Jan, 2025 08:07am

Pakistan

Chinese Spring Festival celebrated

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives, on Wednesday, celebrated the Chinese ...

Published 23 Jan, 2025 08:06am

Pakistan

‘Dhi Rani Programme’ to assist 3,000 brides: minister

LAHORE: Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman has said that the ‘Punjab Dhi Rani Programme’...

Published 23 Jan, 2025 08:01am

Stocks

Asia shares helped by China uplift, Trump’s tariff plans hang in the air

SINGAPORE/NEW YORK: Asia shares rose on Thursday, helped by a jump in their Chinese counterparts on Beijing’s latest...

Published 23 Jan, 2025 08:02am

Sports

32nd National Shooting Championship: Navy clinches champions’ title

KARACHI: The closing ceremony of the 32nd National Shooting Championship was held at Pakistan Navy Shooting Range in...

Published 23 Jan, 2025 08:01am

Pakistan

Punjab Police, private body sign MoU

LAHORE: In order to highlight the historical and cultural significance of Punjab Police’s ancient buildings, a...

Published 23 Jan, 2025 08:01am

Taxes

FBR seeks customs budget proposals for FY 2025-26

ISLAMABAD: The Federal Board of Revenue (FBR) has sought customs budget proposals for 2025-26 from field formations...

Published 23 Jan, 2025 08:00am

Industry

FPCCI members emphasize tourism, culture sectors

LAHORE: Atif Ikram Sheikh, President, and Zaki Aijaz, Regional Chairman and Vice President of the Federation of...

Published 23 Jan, 2025 07:58am

Business & Finance

Goods declaration processing: ‘Faceless assessment system reduces time’

KARACHI: Chief Collector Customs Appraisement, Jamil Nasir, announced that the newly implemented faceless assessment...

Published 23 Jan, 2025 07:57am

Industry

Govt urged to take measures to revive construction & housing sector

KARACHI: Syed Mazhar Ali Nasir, Vice Chairman of the Southern Zone of United Business Group (UBG), has urged the...

Published 23 Jan, 2025 07:55am

Pakistan

Osama Satti murder case: IHC turns death sentences of two convicts into life imprisonment

ISLAMABAD: The Islamabad High Court (IHC) turned the death sentences of two convicts in Osama Satti murder case into...

Published 23 Jan, 2025 07:53am

Pakistan

Commission on enforced disappearance: Justice Faqir Khokhar appointed as new head

ISLAMABAD: The Supreme Court was informed that former Justice Faqir Muhammad Khokhar has been appointed as the new...

Published 23 Jan, 2025 07:52am

Pakistan

Justice Farooq refuses to hear Mehdi’s plea

LAHORE: Justice Farooq Haider of the Lahore High Court on Wednesday refused to hear petition of a PTI leader Mehdi...

Published 23 Jan, 2025 07:51am

Industry

KATI proposes key steps for housing sector revival

KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi has proposed key measures ...

Published 23 Jan, 2025 07:50am

Companies

Mastercard collaborates with foodpanda for growth of digital economy

KARACHI: Mastercard has collaborated with foodpanda to boost digital payment in Pakistan and support the nation’s...

Updated 23 Jan, 2025 07:49am

Industry

MCCI analyses country’s macroeconomic challenges

LAHORE: Hissan Ur Rehman, the official instructor of the Pakistan Stock Exchange (PSX) and a prominent advocate for...

Published 23 Jan, 2025 07:47am

Pakistan

190m mega corruption case: Minister reveals ‘irrefutable evidence’

ISLAMABAD: The Federal Minister for Information, Broadcasting, National Heritage, and Culture, Attaullah Tarar, on...

Published 23 Jan, 2025 07:46am

Industry

OCAC thanks mayor for repairing KOIA infrastructure

KARACHI: The Oil Companies Advisory Council (OCAC) has expressed its gratitude to Mayor Karachi Barrister Murtaza...

Published 23 Jan, 2025 07:38am

Industry

OGDCL inducts three electric buses

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has inducted three electric buses to its fleet,...

Published 23 Jan, 2025 07:36am

Business & Finance

Ogra launches state-of-the-art mobile app ‘Raahguzar’

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra), in collaboration with the Federal Board of Revenue (FBR) and...

Published 23 Jan, 2025 07:34am

Pakistan

PFA continues operation against food adulterers

LAHORE: The Punjab Food Authority (PFA) on Wednesday conducted an operation in Johar Town and Thokar Niaz Baig ...

Published 23 Jan, 2025 07:33am

Industry

PHMA Chairman urges govt to focus on housing sector

LAHORE: Sardar Usman Ghani, the central chairman of Pakistan Hardware Merchant Association, has suggested in a...

Published 23 Jan, 2025 07:32am

Companies

Ba-Ikhtiar Project: PTCL Group, PPAF celebrate achievements of women entrepreneurs

ISLAMABAD: PTCL Group, in collaboration with the Pakistan Poverty Alleviation Fund (PPAF), celebrated the...

Published 23 Jan, 2025 07:31am

Pakistan

Section 24 of Motor Vehicle Ordinance 1965: Punjab govt approves significant amendments

LAHORE: In a groundbreaking move to simplify the vehicle registration process, the government of Punjab has approved...

Published 23 Jan, 2025 07:30am

Pakistan

Punjab ushers in new era of development, peace: Azma

LAHORE: Punjab Information Minister Azma Bokhari has said that Punjab Chief Minister Maryam Nawaz is a role model ...

Published 23 Jan, 2025 07:25am

Pakistan

SI sent on judicial remand for sexually assaulting two beggars

ISLAMABAD: A local court on Wednesday sent a sub-inspector (SI) of the capital police, Sohaib Pasha, on judicial...

Published 23 Jan, 2025 07:24am

Pakistan

Three more passport offices made operational in Punjab

LAHORE: In order to provide relief to the masses and to reduce work burden, the government has opened three more...

Published 23 Jan, 2025 07:23am

Opinion

Intellectual Property and its implications for developing countries

Intellectual Property (IP) encompasses the legal rights granted to individuals and organizations over their...

Updated 23 Jan, 2025 06:53am

Opinion

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

Notwithstanding a lack of revisionist policy taken by IMF with regard to Neoliberalism, and no apparent suggestion ...

Updated 23 Jan, 2025 06:51am

Opinion

Poultry prospects and broiler boom in Pakistan

The poultry industry is a key source of protein and a vital part of the livestock economy. Over the past decade, ...

Updated 23 Jan, 2025 06:48am

Opinion

What more could Bibi have done?

EDITORIAL: Turns out that Donald Trump’s warning, that “all hell would break out in the Middle East” if a deal...

Updated 23 Jan, 2025 06:47am

Editorials

Warehousing as industry

EDITORIAL: There’s no doubt that warehousing and cold storage facilities have emerged as pillars of the...

Updated 23 Jan, 2025 06:46am

Editorials

Trump’s comeback

EDITORIAL: Marking his triumphant return into power as the world watched on with trepidation, Donald Trump’s...

Updated 23 Jan, 2025 06:45am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (January 22, 2025) and the forecast for Thursday (January 23, 2025)...