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World

Turkiye’s Erdogan says corridor through Armenia, Azerbaijan, Iran must be completed

ANKARA: Turkiye President Tayyip Erdogan said the so-called Zangezur trade corridor passing through Armenia,...

Published 26 Sep, 2023 04:54pm

Markets

Gul Ahmed Textile Mills’ profit sees massive decline in FY23

Gul Ahmed Textile Mills Limited (GATM), a manufacturer of textile products, reported a massive fall in profits in...

Published 26 Sep, 2023 04:49pm

Markets

Indonesia eyes to import 1mn tons of rice from China

JAKARTA: The Indonesian government is looking to import one million metric tons of rice from China in a bid to...

Published 26 Sep, 2023 04:48pm

Markets

First Abu Dhabi Bank to raise at least $750mn in dollar bonds

The United Arab Emirates’ largest lender, First Abu Dhabi Bank, is set to raise at least $750 million in Tier-2...

Published 26 Sep, 2023 04:47pm

Markets

Algeria tenders to buy around 90,000 T corn, 30,000 T barley

HAMBURG: Algerian state agency ONAB has issued international tenders to purchase around 90,000 metric tons of animal...

Published 26 Sep, 2023 04:46pm

Markets

UniCredit picks headhunters to advise board on own slate of nominees

MILANO: UniCredit said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the...

Published 26 Sep, 2023 04:44pm

Business & Finance

Adidas tests upper limit of running market with $500 shoe

LONDON: Adidas’ newest running shoes, worn by Ethiopia’s Tigist Assefa on Sunday to set a new women’s marathon world...

Published 26 Sep, 2023 04:43pm

Markets

Sterling nudges at March trough, a year on from ‘mini-budget’ record low

LONDON: The pound fell for a fifth day on Tuesday as rising US bond yields supported the dollar, but is still up 18%...

Published 26 Sep, 2023 04:42pm

World

Turkiye’s Erdogan says Israeli PM Netanyahu may visit in October-November

ANKARA: President Tayyip Erdogan said Israel’s Prime Minister Benjamin Netanyahu may visit Turkiye in October or...

Published 26 Sep, 2023 04:41pm

Markets

UBS and China’s ICBC to explore banking, wealth management ties

HONG KONG: Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s...

Published 26 Sep, 2023 04:31pm

World

Water-sharing protests disrupt India’s tech hub of Bengaluru

BENGALURU: Police detained protesters on Tuesday in India’s tech hub of Bengaluru after one tried to commit suicide...

Published 26 Sep, 2023 04:29pm

Life & Style

Five trends from Milan: quiet luxury to everything green

MILAN: Fashion week in Milan wrapped up Monday after showcasing new designers, from Sabato de Sarno at Gucci to...

Published 26 Sep, 2023 04:13pm

Markets

India to cut floor price for basmati rice exports

NEW DELHI: India will cut the floor price for basmati rice exports in the coming days, sources familiar with the...

Published 26 Sep, 2023 04:07pm

Markets

Tunisia gets offers in 100,000 T soft wheat tender

HAMBURG: The lowest price offered in the international tender from Tunisia’s state grains agency on Tuesday to...

Published 26 Sep, 2023 03:56pm

World

Turkiye will back Sweden’s NATO bid if US keeps promise on F-16 sale: Erdogan

ANKARA: Turkiye’s parliament will keep its promise to ratify Sweden’s NATO bid if US President Joe Biden’s...

Published 26 Sep, 2023 03:54pm

Markets

Cumulative inflow under RDA hits $6.62bn: SBP

Total amount repatriated now stands at $1.48bn, while net liability is now at $1.13bn

Published 26 Sep, 2023 03:51pm

World

Kremlin has no comment on report of Black Sea Fleet commander’s death

MOSCOW: The Kremlin said on Tuesday it had no comment on a Ukrainian claim that the commander of Russia’s Black Sea...

Published 26 Sep, 2023 03:46pm

Markets

BOJ’s Ueda tells panel it is important to nurture positive corporate signs

TOKYO: Bank of Japan Governor Kazuo Ueda told the government’s top economic council it was important to nurture...

Published 26 Sep, 2023 03:43pm

World

Kremlin says US Abrams tanks, ATACMS missiles for Ukraine can’t change battlefield situation

MOSCOW: The Kremlin said on Tuesday that US supplies of long-range ATACMS missiles and Abrams tanks to Ukraine would...

Updated 26 Sep, 2023 04:15pm

Sports

Unfamiliar Indian conditions not a worry for Pakistan: Babar Azam

LAHORE: Pakistan captain Babar Azam does not think lack of familiarity with Indian conditions would hurt their bid...

Published 26 Sep, 2023 03:36pm

Life & Style

Picasso masterpiece begins pre-auction tour in Dubai

DUBAI: A Pablo Picasso masterpiece expected to fetch at least $120 million at auction went on show Monday in Dubai,...

Published 26 Sep, 2023 02:39pm

Markets

Palm tepid as weaker crude offsets strong export data

SINGAPORE: Malaysian palm oil futures were flat on Tuesday, as the effect of a fall in crude oil prices was offset...

Published 26 Sep, 2023 02:06pm

Markets

Turkiye lira weakens to new record low vs dollar

ANKARA: The Turkiye lira weakened to a record low beyond 27.236 against the US dollar on Tuesday, due to...

Published 26 Sep, 2023 02:04pm

Markets

South African rand weakens at start of busy data week

JOHANNESBURG: The South African rand weakened in early trade on Tuesday as the US dollar rose, ahead of a leading...

Published 26 Sep, 2023 01:57pm

Business & Finance

Higher rates will pressure European company, bank ratings: S&P

LONDON: Higher interest rates in Europe will put pressure on the credit ratings of the region’s companies and banks,...

Published 26 Sep, 2023 01:52pm

Markets

London stocks extend losses, ASOS touches over 2-month low

London stocks extended declines from the previous session on Tuesday as worries of tighter macro conditions dampened...

Published 26 Sep, 2023 01:50pm

Markets

Major Gulf bourses drop in early trade on weaker oil prices

Major Stock markets in the Gulf fell in early trade on Tuesday, tracking declines in oil prices, with the US Federal...

Published 26 Sep, 2023 01:47pm

Markets

Euro zone yields steady near recent multi-year highs

LONDON: Euro zone government bond yields held near multi-year highs on Tuesday as the narrative that global central...

Published 26 Sep, 2023 01:44pm

Markets

China’s August net gold imports via Hong Kong up 51.4% m/m

China’s net gold imports via Hong Kong rose by about 51.4% in August from the previous month, Hong Kong Census and...

Published 26 Sep, 2023 01:41pm

Markets

European stock markets fall at open

LONDON: European stock markets opened lower Tuesday on stubborn concerns over the impact of another possible US...

Published 26 Sep, 2023 01:35pm

World

China says no notice from North Korea on border reopening

BEIJING: China on Tuesday said it had not received official notice from Pyongyang that North Korea was opening its...

Published 26 Sep, 2023 01:33pm

World

Saudi delegation visits Israel-occupied West Bank

JERICHO: Saudi Arabia, which is in US-brokered talks with Israel to normalise relations, on Tuesday sent a...

Published 26 Sep, 2023 01:29pm

Sports

Bangladesh opt to bat against New Zealand in third ODI

DHAKA: Bangladesh captain Najmul Hossain Shanto won the toss and elected to bat first in the third one-day...

Published 26 Sep, 2023 01:24pm

Pakistan

Three terrorists killed in Khyber intelligence based operation: ISPR

Security forces kill commander Kifayat, also known as Tor Adnan

Updated 26 Sep, 2023 04:28pm

World

Seven dead, nine missing in Mexico flash flood

GUADALAJARA: At least seven people died and nine were missing in Mexico after heavy rain turned a mountain stream...

Published 26 Sep, 2023 12:39pm

Technology

Ford pauses work on $3.5bn battery plant

NEW YORK: Ford is halting work on a major battery plant in the northern US state of Michigan, the automaker said...

Published 26 Sep, 2023 12:36pm

World

Australian pilots call on Qantas chairman to resign

SYDNEY: Qantas pilots called Tuesday on the Australian carrier’s chairman Richard Goyder to resign for presiding...

Published 26 Sep, 2023 12:34pm

Sports

Maverick De Kock set for international farewell at World Cup

JOHANNESBURG: Quinton de Kock is a cricketing maverick who enjoys nothing more than his time away from the game by...

Published 26 Sep, 2023 12:26pm

Markets

Open-market: rupee strengthens against US dollar

The Pakistani rupee improved against the US dollar in the open-market on Tuesday as gap with the inter-bank market...

Published 26 Sep, 2023 12:23pm

Sports

‘Killer Miller’ holds record he would prefer not to have

JOHANNESBURG: David Miller holds an international cricket record he would prefer not to have. No one has played more...

Published 26 Sep, 2023 12:22pm

Sports

Kiwi veteran Boult looking for ‘one more run’ at World Cup title

WELLINGTON: After 12 months out of one-day international cricket, New Zealand seamer Trent Boult is relishing a...

Published 26 Sep, 2023 12:19pm

Sports

Mum or dad for tee? India’s Ashok has parental choice at Asian Games

NEW DELHI: India medal hope Aditi Ashok has a tough choice to make before teeing up in a star-studded women’s golf...

Published 26 Sep, 2023 11:55am

Markets

China’s yuan holds steady as PBOC sets aggressive fixing

SHANGHAI: China’s yuan was little moved on Tuesday, after the central bank set the official guidance rate at its...

Published 26 Sep, 2023 11:40am

Markets

China and Hong Kong stocks fall on lingering economic, geopolitical worries

SHANGHAI: China and Hong Kong stocks fell on Tuesday as lingering economic worries and geopolitical tensions weighed...

Published 26 Sep, 2023 11:35am

Markets

JGB yields rise on higher US Treasuries, BOJ policy worries

TOKYO: Japanese government bond (JGB) yields rose on Tuesday, with the 10-year JGB yield hovering at a decade high,...

Published 26 Sep, 2023 11:30am

Markets

South Korea’s KFA tenders for up to 136,000 T corn

HAMBURG: The Korea Feed Association (KFA) has issued an international tender to purchase up to 136,000 metric tons...

Published 26 Sep, 2023 11:23am

Pakistan

Special court extends Imran, Qureshi’s judicial remand for 14 days

Special court Judge Abual Hasnat Zulqarnain conducts cipher case hearing at Attock Jail

Updated 26 Sep, 2023 04:28pm

World

Russian air strike damages Ukraine’s Izmail port, injures two

A overnight Russian air strike on the key Ukrainian grain exporting port of Izmail injured two people and damaged...

Published 26 Sep, 2023 11:21am

Markets

Indian rupee weakens tracking Asian peers; key support looms

MUMBAI: The Indian rupee weakened on Tuesday, tracking Asian peers, while elevated US Treasury yields also weighed...

Published 26 Sep, 2023 11:15am

Markets

Thai baht leads Asian currencies lower, pressured by dollar

Asian currencies fell on Tuesday, with Thailand’s baht and Indonesia’s rupiah leading losses, pressured by strength...

Published 26 Sep, 2023 11:11am

World

At least 20 killed in blast at fuel depot in Nagorno-Karabakh

MOSCOW: At least 20 people were killed in an explosion at a fuel depot in Azerbaijan’s Nagorno-Karabakh on Monday,...

Published 26 Sep, 2023 11:07am

Sports

England boss Wiegman relishing strange but special Netherlands return

England coach Sarina Wiegman said there will be no divided loyalties for her in Utrecht on Tuesday when the...

Published 26 Sep, 2023 10:59am

Markets

IMF board clears Suriname review, sees advance in China debt talks

NEW YORK: The board of the International Monetary Fund said on Monday it completed a third review of Suriname’s $630...

Published 26 Sep, 2023 10:55am

Markets

US yields revisit highs, Asia stocks sag on hawkish Fed angst

TOKYO: US Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as...

Published 26 Sep, 2023 10:51am

Markets

Rupee sees 15th successive session of appreciation, closes below 290 against US dollar

Local currency has gained 6% since it hit record low of 307.1 in inter-bank market on Sept 5

Updated 26 Sep, 2023 04:57pm

World

South Korea’s Yoon to pay state visit to UK in November

LONDON: South Korean President Yoon Suk Yeol will pay a state visit to Britain in November following an invitation...

Published 26 Sep, 2023 10:39am

World

Russia, US trade diplomatic blame over instability in Karabakh crisis

Moscow and Washington have accused each other of destabilising the South Caucuses region, as thousands of ethnic...

Published 26 Sep, 2023 10:36am

World

India’s BJP, the world’s biggest party, plots election drive of epic scale

KOLKATA: Indian activist Partha Chaudhury is on a war footing as he strides out of the ruling BJP’s regional...

Published 26 Sep, 2023 10:28am

Markets

Gold lacklustre as investors await more data for Fed rate clues

Gold prices drifted lower on Tuesday as the US dollar and Treasury yields climbed, with investors awaiting a key...

Published 26 Sep, 2023 10:21am

Sports

Security reasons: Pakistan’s warm-up match in India to be played behind closed doors

NEW DELHI: Pakistan’s first warm-up match ahead of the World Cup will be played behind closed doors in Hyderabad for...

Updated 26 Sep, 2023 10:51am

Markets

Australia, NZ dollars resilient as US yields surge

SYDNEY: The Australian and New Zealand dollar were resilient on Tuesday, even after US yields spiked to 16-year...

Published 26 Sep, 2023 10:10am

Markets

Miner and gold stocks drag Australian shares lower

Australian shares slipped on Tuesday hurt by the losses in miners and gold stocks on weak commodity prices, while...

Published 26 Sep, 2023 10:08am

Markets

Japan’s Nikkei dragged lower by chip shares amid rising US yields

TOKYO: Japan’s Nikkei share average fell on Tuesday dragged by declines in heavyweight chip-related shares, but...

Published 26 Sep, 2023 10:06am

Markets

Indian shares subdued amid sustained foreign outflows

BENGALURU: Indian benchmarks were mostly unchanged at open on Tuesday, as broader risk sentiment remained subdued on...

Published 26 Sep, 2023 10:04am

Markets

Dollar at 10-month top as US yields spike; yen slides

SINGAPORE: The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by US bond...

Published 26 Sep, 2023 10:02am

Markets

Oil prices fall as economic outlook outweighs tight supply

LONDON: Oil prices fell on Tuesday as a stronger US dollar compounded concerns that demand for fuel will be held...

Updated 26 Sep, 2023 04:51pm

Markets

India bond yields rise, as spike in Treasury yields hurts appetite

MUMBAI: Indian government bond yields rose in the early session on Tuesday as US Treasury yields scaled fresh highs,...

Published 26 Sep, 2023 09:56am

Markets

China Evergrande shares tumble for second day after unit misses bond payment

HONG KONG: China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8%...

Published 26 Sep, 2023 09:55am

BR Research

Currency – the pendulum swing

PKR’s slow and steady appreciation continues in the interbank market, as PKR/USD has reached 290 from 307 in 16...

Updated 26 Sep, 2023 10:11am

BR Research

Profits up for NetSol!

After a stellar FY22, growth continued to pour in for NetSol Technologies Limited (PSX: NetSol). Buoyed by strong...

Published 26 Sep, 2023 08:58am

BR Research

Pakistan Paper Products Limited

Pakistan Paper Products Limited (PSX: PPP) was incorporated in Pakistan as a private limited company in 1984 and was...

Published 26 Sep, 2023 08:56am

Pakistan

CM inaugurates Lahore’s first ‘plastic road’

LAHORE: The Punjab government has opened first environment-friendly and cost-efficient plastic road in Punjab at the...

Published 26 Sep, 2023 07:08am

Pakistan

PML-Q moves SC, seeking dismissal of pleas against SC Act

ISLAMABAD: Pakistan Muslim League-Quaid (PML-Q) has prayed to the apex court to dismiss the petitions against the...

Published 26 Sep, 2023 07:05am

Pakistan

Deadline for delimitation bodies expires today

ISLAMABAD: The delimitation committees are required to complete their work by today (Tuesday), under the revised...

Published 26 Sep, 2023 07:03am

Pakistan

‘Ismmart Group’ schemes: SECP issues warning against investing

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a warning advising the general ...

Published 26 Sep, 2023 07:01am

Pakistan

9 PTI activits: ATC issues release orders

LAHORE: The Anti-Terrorism Court (ATC) on Monday issued release orders of nine PTI activists including Rubina Jamil...

Published 26 Sep, 2023 06:58am

Pakistan

JI chief urges ECP to promptly announce ‘clear’ election date

ISLAMABAD: Jamaat-e-Islami(JI) Pakistan chief Sirajul Haq on Monday while hitting hard at the present caretaker ...

Published 26 Sep, 2023 06:56am

Pakistan

PTI urges SC to help ensure IK’s appearance in court

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has termed the ongoing efforts to deprive party chairman Imran Khan of the...

Published 26 Sep, 2023 06:56am

Pakistan

Gohar Ejaz becomes founding member of Naya Nazimabad Gymkhana

KARACHI: Federal Minister Commerce and Industries Government of Pakistan and owner of Lake City Project Dr Gohar...

Published 26 Sep, 2023 06:53am

Pakistan

Contracts of Dasu transmission: Senate body chief seeks audio and video recordings, minutes of NTDC’s meeting

ISLAMABAD: Chairman Senate Standing Committee on Power, Senator Saif Ullah Abro has sought minutes alongwith audio...

Published 26 Sep, 2023 06:50am

Pakistan

Sept: ASO seizes smuggled goods worth Rs1.3bn

KARACHI: The Anti-Smuggling Organisation (ASO) of the Collectorate of Customs Enforcement Karachi has confiscated...

Published 26 Sep, 2023 06:48am

Pakistan

The Weather

KARACHI: The weather report on Monday (September 25, 2023) and the forecast for Tuesday (September 26, 2023)...