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World

India imposes curfew in strife-hit areas of Manipur state

GUWAHATI/NEW DELHI: India imposed curfew in the capital and some areas of its restive state of Manipur on Thursday,...

Published 28 Sep, 2023 02:03pm

Business & Finance

Faysal Bank to set up ‘wholly-owned’ Exchange Company

Becomes 5th commercial bank to make such announcement this month

Published 28 Sep, 2023 01:16pm

Markets

Hong Kong stocks down at open

HONG KONG: Hong Kong stocks opened slightly lower Thursday morning following a tepid lead from Wall Street, with...

Published 28 Sep, 2023 01:10pm

Sports

‘I even wore cricket pads in bed’: How Shaheen rose to greatness

KARACHI: As a young boy in a family of seven cricket-mad brothers, Pakistan pace bowler Shaheen Shah Afridi immersed...

Published 28 Sep, 2023 01:08pm

Sports

Up and down Pakistan seek consistency in World Cup

KARACHI: Just a month ago, Pakistan were riding high as the world’s top-ranked ODI team and one of the favourites to...

Published 28 Sep, 2023 01:03pm

Markets

Open-market: rupee gains further ground against US dollar

The Pakistani rupee maintained its upward trend against the US dollar in the open-market on Thursday as gap with the...

Published 28 Sep, 2023 12:39pm

Sports

Retiring Warner key for Australia’s World Cup title hopes

PERTH: Love him or hate him, David Warner’s self-belief and single-mindedness has seen him withstand scandals and...

Published 28 Sep, 2023 12:26pm

Pakistan

Supreme Court adjourns hearing on pleas against Faizabad sit-in verdict till Nov 1

Three-member bench, including Chief Justice Qazi Faez Isa, was hearing the petitions

Updated 28 Sep, 2023 01:54pm

Sports

Dutch eye shock semi-final place at Cricket World Cup

AMSTERDAM: Dutch coach Ryan Cook believes his team can upset the odds and make it all the way to the World Cup...

Published 28 Sep, 2023 12:22pm

Technology

Meta putting AI in smart glasses, assistants and more

MENLO PARK: Meta chief Mark Zuckerberg on Wednesday said the tech giant is putting artificial intelligence into...

Published 28 Sep, 2023 12:19pm

Sports

Cricket World Cup: Australia factfile

With five championships, Australia is by far the most successful team in the World Cup

Published 28 Sep, 2023 12:15pm

Sports

Cricket World Cup: India factfile

This is the first time that India is hosting an entire 50 overs World Cup

Published 28 Sep, 2023 12:04pm

Sports

World champ Qin cruises as Zhang Yufei sets up Haughey blockbuster

HANGZHOU: World-record holder Qin Haiyang sauntered into the Asian Games 200m breaststroke final on Thursday, as...

Published 28 Sep, 2023 11:52am

World

Ukraine says 31 drones downed in ‘massive’ attack

KYIV: The Ukrainian military on Thursday said that Russia had launched a “massive” drone attack overnight and that...

Published 28 Sep, 2023 11:46am

World

More than half of Karabakh population has fled: Armenia

YEREVAN: More than 65,000 Armenians have fled Nagorno-Karabakh for Armenia, Yerevan said Thursday, as the exodus...

Published 28 Sep, 2023 11:42am

Pakistan

PTI says Farrukh Habib ‘picked up’ from Gwadar

Pakistan Tehreek-e-Insaf (PTI) on Thursday claimed party leader and former minister Farrukh Habib was “picked up by...

Published 28 Sep, 2023 11:41am

World

UK’s Sunak eyes election as ruling Tories meet

LONDON: Britain’s ruling Conservatives gather this weekend for their annual conference, with Prime Minister Rishi...

Published 28 Sep, 2023 11:30am

Pakistan

Pakistani vocational school helps Afghan women refugees build businesses

PESHAWAR: In a small workshop in the bustling northwestern Pakistani city of Peshawar, a dozen Afghan women sit...

Updated 28 Sep, 2023 12:38pm

World

Japan finmin Suzuki reiterates warning against excessive FX volatility

TOKYO: Japan won’t rule out any options to deal with excessive currency volatility, Finance Minister Shunichi Suzuki...

Published 28 Sep, 2023 11:04am

Markets

Indian rupee poised to test record low as oil prices, US yields climb

MUMBAI: The Indian rupee is likely to open near its record low levels on Thursday with the surge in crude oil prices...

Published 28 Sep, 2023 11:00am

Technology

Sony gaming chief Jim Ryan to retire, group president to be interim head

TOKYO: Sony Group said on Thursday its gaming chief Jim Ryan would retire next March, with group President Hiroki...

Published 28 Sep, 2023 10:57am

Markets

Gold hovers near six-month low as markets brace for US economic data

Gold steadied on Thursday, although prices hovered near a six-month low hit in the previous session due to an...

Published 28 Sep, 2023 10:49am

World

Fire contained after powerful blast near airport in Uzbek capital

TASHKENT: A fire caused by a powerful explosion at a warehouse near Tashkent’s airport had been contained and the...

Published 28 Sep, 2023 10:45am

World

Germany’s Scholz ‘not convinced’ about tariffs on Chinese EVs

BERLIN: German Chancellor Olaf Scholz told business weekly Wirtschaftswoche that he was not convinced about the need...

Published 28 Sep, 2023 10:39am

Markets

Japan’s 10-year bond yield hits decade high on US yield surge

TOKYO: Japan’s benchmark 10-year government bond yield scaled a 10-year peak on Thursday, pulled by a surge in US...

Published 28 Sep, 2023 10:36am

Business & Finance

Thai Aug factory output falls 7.5% y/y, more than forecast

BANGKOK: Thailand’s manufacturing production index (MPI) in August dropped 7.53% from a year earlier, the industry...

Published 28 Sep, 2023 10:34am

Markets

Intra-day update: rupee continues its merry run against US dollar

Currency hovers at 287-288 level in inter-bank market

Updated 28 Sep, 2023 11:19am

Markets

China’s yuan holds steady ahead of week-long holiday

SHANGHAI: China’s yuan held steady against a buoyant dollar on Thursday, underpinned by a persistently...

Published 28 Sep, 2023 10:28am

Business & Finance

Toyota’s Aug global output rises on stronger domestic production

TOKYO: Toyota Motor said global production climbed 4% from the same period a year earlier to 798,771 vehicles to...

Published 28 Sep, 2023 10:25am

Markets

HSBC to acquire Citigroup China consumer wealth business

HONG KONG: HSBC is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3...

Published 28 Sep, 2023 10:23am

Markets

India 10-year yield crosses 7.20% as oil, US peers keep pressure on

MUMBAI: Indian government bond yields rose on Thursday, with the benchmark bond yield crossing 7.20%, triggered by a...

Published 28 Sep, 2023 10:20am

Markets

Wheat rises on prospects of tepid harvests in southern hemisphere

CANBERRA: Chicago wheat futures regained some ground on Thursday as traders looked beyond low price offers in Europe...

Published 28 Sep, 2023 10:18am

Technology

Tencent-backed AI chip startup Enflame raises $274mn from state

China’s artificial intelligence (AI) chip startup Enflame, backed by tech giant Tencent, on Thursday said it raised...

Published 28 Sep, 2023 10:15am

Sports

Sri Lanka’s Gunathilaka cleared of sexual assault charge in Australia

SYDNEY: Sri Lankan international cricket player Danushka Gunathilaka was found not guilty of sexually assaulting a...

Published 28 Sep, 2023 10:10am

Business & Finance

Evergrande shares halted as concerns mount about developer’s prospect

HONG KONG: Trading in shares of China Evergrande Group was suspended on Thursday after a report that its chairman...

Published 28 Sep, 2023 09:59am

Markets

Japan’s Nikkei hits one-month low on Fed’s higher-for-longer rate woes

SINGAPORE: Japan’s Nikkei share average hit a one-month low on Thursday, as worries that the Federal Reserve’s...

Published 28 Sep, 2023 09:56am

Markets

Indian shares open higher, weak global cues limit gains

BENGALURU: Indian shares inched up at open on Thursday, helped by gains in banks and metal companies, while weaker...

Published 28 Sep, 2023 09:53am

Markets

Dollar sticks near 10-month high, keeping heat on yen

TOKYO: The dollar clung near a 10-month high against a basket of its peers on Thursday, keeping the yen under...

Published 28 Sep, 2023 09:52am

Markets

Oil prices edge higher on US crude draw, tight global supply

LONDON: US oil futures jumped to their highest in more than a year on Thursday as a drop in crude stocks in the...

Updated 28 Sep, 2023 01:54pm

BR Research

Oil’s march to $100

Brent crude oil crossed $95/bbl for the first time since November 2022 – having soared nearly 2 percent in early...

Published 28 Sep, 2023 08:59am

BR Research

Agha steel: Gold worthy?

It has been three years since the long-steel rebar maker, Agha Steel went public with an initial public offering...

Published 28 Sep, 2023 08:58am

BR Research

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is one of the...

Published 28 Sep, 2023 08:57am

Business & Finance

Pakistan’s auto industry seeks ‘remission’ after failing to meet export target during FY23

Manufacturing Certificate of all OEMs is due to expire on Sept 30, and would have been renewed if export target had been met

Published 28 Sep, 2023 06:47am

Business & Finance

Hindrance in profit repatriation to strangle FDI inflow: MD Mondelēz Pakistan

Sami Wahid terms Pakistan among 'toughest markets' to lead company in, 'especially last year'

Updated 28 Sep, 2023 10:01am

Business & Finance

APSR for FY23 released: Banks, MFBs process e-banking transactions worth Rs167.4trn

KARACHI: Banks and MFBs have processed 2,073.3 million e-banking transactions amounting to Rs. 167.4 trillion in...

Updated 28 Sep, 2023 10:05am

‘Unholy’ pacts with IPPs must be reviewed: Senate panel

ISLAMABAD: The Senate Standing Committee on Cabinet Secretariat recommended that there is an essential need to...

Updated 28 Sep, 2023 10:08am

Pakistan

West ‘over-obsessed’ to contain China: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has said that Pakistan was focusing on its own interests...

Published 28 Sep, 2023 05:33am

Ban on import of smuggled items through ATT imminent

ISLAMABAD: The government is all set to impose restrictions on import of those items through Afghan Transit Trade...

Updated 28 Sep, 2023 10:12am

Contracts with IPPs, tariffs and ‘SOFR’: ECC tells PD to analyse impact of change, financial implications

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Power Division to analyze...

Updated 28 Sep, 2023 10:18am

KE tariff hiked up to Rs4.45

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has increased KE’s tariff ranging from Rs 1.49...

Updated 28 Sep, 2023 10:17am

NTDC accuses Nepra of unleashing ‘awry’ deductions

ISLAMABAD: The National Transmission and Despatch Company (NTDC) on Wednesday accused the National Electric Power...

Updated 28 Sep, 2023 10:16am

IRIS system’s capacity enhanced: Up to 0.6m taxpayers to file tax returns on a daily basis

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the capacity of the IRIS system enabling 0.5-0.6 million...

Updated 28 Sep, 2023 10:20am

Shamshad seeks greater role of provinces towards meeting targets

ISLAMABAD: Caretaker Finance Minister, Dr Shamshad Akhtar, has asked the caretaker provincial governments to ensure...

Updated 28 Sep, 2023 09:57am

Pakistan

ECP issues lists of delimited constituencies

ISLAMABAD: The National Assembly’s 266 general seats cover a total population of Pakistan’s 241,499,431 persons and...

Updated 28 Sep, 2023 09:57am

Profits, dividends: July-August repatriation rises 74pc YoY

Analysts say surge comes after relaxation of capital controls that were implemented previously to curtail outflow of foreign exchange

Updated 28 Sep, 2023 09:51am

Business & Finance

Tax recovery by field formations: FTO summons Member Inland Revenue (Operations) FBR

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue...

Published 28 Sep, 2023 05:33am

Business & Finance

IIL holds interactive 75th AGM, Corporate Briefing Session

KARACHI: International Industries Limited (IIL), Pakistan’s largest manufacturer and exporter of pipes & ...

Published 28 Sep, 2023 05:33am

Business & Finance

NML posts Rs12.166bn PAT

KARACHI: Nishat Mills Limited (NML) has posted Rs 12.166 billion as profit after tax (PAT) in the year ended on June...

Published 28 Sep, 2023 05:33am

Business & Finance

Industrialist underscores need for reducing electricity losses

LAHORE: Chairman Kattar Band Road Industrial Association and former vice president of Lahore Chamber of Commerce and...

Published 28 Sep, 2023 05:33am

Business & Finance

SECP issues standardised documentation for private fund

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued standardized formats of documents,...

Published 28 Sep, 2023 05:33am

Business & Finance

PNSC achieves record Rs30bn PAT

KARACHI: Pakistan National Shipping Corporation (PNSC) Group achieved record-breaking net profit after tax amounting...

Published 28 Sep, 2023 05:33am

Business & Finance

High interest rates sap innovation investment: UN

GENEVA: Funding of innovation is becoming increasingly uncertain, with high interest rates taking a toll on the...

Published 28 Sep, 2023 05:33am

World

US imposes sanctions on Iranian drone procurement network

WASHINGTON: The United States on Wednesday placed sanctions on entities and people based in China, Turkey, the ...

Published 28 Sep, 2023 01:04am

World

Azerbaijan arrests former top Karabakh minister as exodus tops 50,000

GORIS: A former head of the breakaway ethnic Armenian government in Nagorno-Karabakh was arrested by Azerbaijan on...

Published 28 Sep, 2023 12:43am

Pakistan

Pakistan Army will continue to play role in upholding peace, stability in KP: Army Chief

Chief of Army Staff (COAS) General Syed Asim Munir said on Wednesday that the Pakistan Army would continue to play...

Published 27 Sep, 2023 11:40pm

World

US says North Korea release of soldier a 'one-off' and not 'breakthrough' in ties

WASHINGTON: The United States said Wednesday that it did not see any diplomatic breakthrough with North Korea over...

Published 27 Sep, 2023 11:32pm

Sports

Pakistan team arrives in India for World Cup 2023

This is the men's national team's first visit to India since the 2016 T20 World Cup

Updated 27 Sep, 2023 09:51pm

Markets

Sri Lankan shares end higher as consumer staples, financials gain

BENGALURU: Sri Lankan shares closed higher on Wednesday, aided by gains in consumer staples and financial...

Published 27 Sep, 2023 08:09pm

Markets

France targets inflation with 2024 budget bill

PARIS: France’s government will raise welfare and pension payouts next year to help households fight inflation while...

Published 27 Sep, 2023 08:05pm

World

Russia’s Putin orders government to stabilise retail fuel prices

Russian President Vladimir Putin on Wednesday ordered his government to make sure retail fuel prices stabilise,...

Published 27 Sep, 2023 08:01pm

Markets

US stocks rise as bond yields retreat

NEW YORK: Wall Street stocks climbed early Wednesday as Treasury bond yields retreated and lawmakers in Congress...

Published 27 Sep, 2023 07:49pm

Perspectives

Pakistani expat doctors: a story of hope? - I

When shiny doctor Saab/Madam comes to Pakistan and walks into the room, one enviously surmises that they sure have...

Published 27 Sep, 2023 07:34pm

Sports

PCB announces 3-year central contracts with significant pay raise for players

Babar Azam, Shaheen Shah Afridi and Mohammad Rizwan get Category A

Published 27 Sep, 2023 07:16pm

Life & Style

Hollywood writers’ guild leaders call off months-long strike

LOS ANGELES: The leaders of the Writers Guild of America on Tuesday called off a monthslong strike that has...

Updated 27 Sep, 2023 07:36pm

World

Indian great-grandmother, 92, finally goes to school

LUCKNOW: An Indian great-grandmother aged 92 has learned to read and write after going to school for the first time...

Published 27 Sep, 2023 06:31pm

Pakistan

Delimitations: ECP issues preliminary constituency lists

Electoral body says objections to preliminary delimitation lists will be entertained until October 26

Updated 27 Sep, 2023 07:49pm

Gainers
Losers
Leaders

Stock	Price
Chakwal Spinning / Sep 28 Chakwal Spinning Mills Limited(CWSM)	1.42 ▲ 0.24 (20.34%)
Pak Gulf Leasing / Sep 28 Pak-Gulf Leasing Company Limited(PGLC)	5 ▲ 0.50 (11.11%)
Dandot Cement / Sep 28 Dandot Cement Company Limited(DNCC)	10.29 ▲ 0.99 (10.65%)
Abdullah Shah / Sep 28 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.49 ▲ 0.45 (8.93%)
Universal Ins. / Sep 28 The Universal Insurance Company Limited(UVIC)	3.80 ▲ 0.29 (8.26%)
Shakarganj / Sep 28 Shakarganj Limited(SML)	37.42 ▲ 2.61 (7.50%)
Int. Knit. / Sep 28 International Knitwear Limited(INKL)	14.47 ▲ 0.97 (7.19%)
JDW Sugar / Sep 28 JDW Sugar Mills Limited(JDWS)	374 ▲ 24.00 (6.86%)
First Tri-Star Mod. / Sep 28 First Tri-Star Modaraba(FTSM)	16 ▲ 1.00 (6.67%)
PICIC Ins.Ltd. / Sep 28 PICIC Insurance Limited(PIL)	0.86 ▲ 0.05 (6.17%)

Stock	Price
F.Treet Manuf / Sep 28 First Treet Manufacturing Modaraba(FTMM)	3.20 ▼ -0.69 (-17.74%)
SME Leasing Ltd / Sep 28 SME Leasing Limited(SLL)	2 ▼ -0.40 (-16.67%)
Pak Oilfields / Sep 28 Pakistan Oilfields Limited(POL)	390.99 ▼ -48.50 (-11.04%)
Shadab Textile / Sep 28 Shadab Textile Mills Limited(SHDT)	10.72 ▼ -1.00 (-8.53%)
Zahid Jee Textile / Sep 28 Zahidjee Textile Mills Limited(ZAHID)	24.80 ▼ -2.00 (-7.46%)
Masood Textile / Sep 28 Masood Textile Mills Limited(MSOT)	41.65 ▼ -3.21 (-7.16%)
Arif Habib Corp / Sep 28 Arif Habib Corporation Limited(AHCL)	24.40 ▼ -1.60 (-6.15%)
Pak Oxygen Ltd. / Sep 28 Pakistan Oxygen Limited(PAKOXY)	88.22 ▼ -5.53 (-5.90%)
Ismail Ind. / Sep 28 Ismail Industries Limited(ISIL)	650 ▼ -40.69 (-5.89%)
Image Pakistan / Sep 28 Image Pakistan Limited(IMAGE)	12.67 ▼ -0.72 (-5.38%)

Stock	Volume
Maple Leaf Cement / Sep 28 Maple Leaf Cement Factory Limited(MLCF)	11,085,943 ▲ 0.02
Pak Petroleum / Sep 28 Pakistan Petroleum Limited(PPL)	9,115,995 ▼ -0.10
Agritech Limited / Sep 28 Agritech Limited(AGL)	7,424,000 ▲ 0.35
WorldCall Telecom / Sep 28 Worldcall Telecom Limited(WTL)	7,096,855 ▲ 0.00
Oil & Gas Dev. / Sep 28 Oil & Gas Development Company Limited(OGDC)	7,052,157 ▼ -0.41
P.I.A.C.(A) / Sep 28 Pakistan International Airlines Corp(PIAA)	6,933,000 ▲ 0.13
Dewan Motors / Sep 28 Dewan Farooque Motors Limited(DFML)	6,537,980 ▲ 0.00
Bankislami Pak. / Sep 28 BankIslami Pakistan Limited(BIPL)	6,477,203 ▼ -0.04
B.O.Punjab / Sep 28 The Bank of Punjab(BOP)	6,308,530 ▼ -0.02
Fauji Foods Ltd / Sep 28 Fauji Foods Limited(FFL)	5,494,875 ▲ 0.17

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 28	288.03
USD PKR Interbank Buying / Sep 28	287.73
USD to Japanese Yen / Sep 28	149.36
USD to Swiss Franc / Sep 28	0.92
Pound Sterling to USD / Sep 28	1.21
Euro to USD / Sep 28	1.05
UK LIBOR % / Sep 27	5.43

Stock	Volume
S&P 500 / Sep 27	4274.51
Nasdaq / Sep 27	13092.85
FTSE 100 / Sep 27	7593.22
Dow Jones / Sep 27	33550.27
Germany DAX 30 / Sep 27	15217.45
France CAC40 / Sep 27	7071.79
India Sensex / Sep 28	66115.09
Tokyo Nikkei / Sep 28	31744.50
Hang Seng / Sep 28	17429.46

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 27	17935
Gold 10 Grams PKR / Sep 27	174950
Crude Oil USD/Barrel / Sep 28	94.58
Gold Spot USD/Ounce / Sep 28	1874.97
Cotton US¢/pound / Sep 28	88.65

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