News Archives for Latest - 2023-07-04

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Archive - 2023-07-04

World

Rash of mass shootings kills 10 in US ahead of July 4 holiday

Mass shootings in Philadelphia, Baltimore, and Fort Worth, Texas, claimed the lives of 10 people ahead of the Fourth...

Published 04 Jul, 2023 11:01pm

Pakistan

In response to Pakistan's request, UN to hold urgent meeting regarding desecration of Holy Quran

During the session, the issue of an increased number of premeditated acts of religious hatred will be discussed

Published 04 Jul, 2023 07:52pm

Stocks

TSX reaches six-week high on energy, mining boost

Canada’s main stock index rose on Tuesday, with energy and materials stocks amongst top gainers tracking higher oil...

Published 04 Jul, 2023 07:37pm

Currency

IMF deal to address Pakistan’s inflation, external debt concerns: governor SBP

Jameel Ahmad says position of foreign exchange reserves will improve in coming weeks

Updated 04 Jul, 2023 07:05pm

Stocks

Most Gulf markets track oil prices higher; Dubai at 8-year high

Most stock markets in the Gulf ended higher on Tuesday, tracking oil prices, with the Dubai index at its highest in...

Published 04 Jul, 2023 07:03pm

Forex

Inter-bank market: rupee sees massive gain, up 3.83% against US dollar

Settles at 275.44, an increase of Rs10.55, which is the highest day-on-day recovery after May 12, 2023

Updated 04 Jul, 2023 07:00pm

Europe

Turkiye says will not be pressured over Sweden’s NATO bid

ISTANBUL: Turkiye warned Tuesday it will not be pressured into backing Sweden’s bid to join NATO and said it was...

Published 04 Jul, 2023 06:44pm

South Asia

Afghan Taliban order women’s beauty parlours to shut

KABUL: Afghanistan’s Taliban authorities have ordered beauty parlours across the country to shut within a month, the...

Published 04 Jul, 2023 06:25pm

Pakistan

PM Shehbaz calls for immediate rescue of mountaineer Asif Bhatti

Bhatti was reportedly trapped at about 7500 meters while scaling the 8,126-meter peak of Nanga Parbat

Published 04 Jul, 2023 06:08pm

Europe

Ukraine says 31 hospitalised after Russian strike

KYIV: Ukraine said Tuesday that 31 people, including nine children, were hospitalised following a Russian strike on...

Published 04 Jul, 2023 06:13pm

Sports

Federer wows Wimbledon crowd from royal box

LONDON: Wimbledon paid tribute to Roger Federer on Tuesday as the eight-time champion returned to the scene of his...

Published 04 Jul, 2023 06:10pm

South Asia

India’s Modi urges SCO group to fight terrorism, help Afghanistan

NEW DELHI: Indian Prime Minister Narendra Modi on Tuesday said the Shanghai Cooperation Organisation (SCO) should...

Updated 04 Jul, 2023 06:09pm

Stocks

A day after record increase, profit-taking dominates PSX as KSE-100 falls 0.78%

Just a day after KSE-100 Index posted the highest ever day-on-day (DoD) increase of 2,446 points, profit-taking...

Published 04 Jul, 2023 06:02pm

Cricket

England to host Pakistan in 2024 before T20 World Cup defence

England will kick off their 2024 home campaign with a Twenty20 series against Pakistan in May before the T20 World...

Published 04 Jul, 2023 06:01pm

Pakistan

Tajik Defence Minister meets with Khawaja Asif to discuss security cooperation

Sherali Mirzo assures his government’s commitment and pledges to work with Pakistan to strengthen bilateral ties

Published 04 Jul, 2023 05:56pm

Energy

Oil up as market weighs supply cuts against gloomy economic outlook

LONDON: Oil prices ticked higher on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia...

Updated 04 Jul, 2023 05:54pm

Pakistan

SCO virtual summit: terrorism must be fought with full conviction, says PM Shehbaz

Says in an era of global geopolitical flux, Shanghai Cooperation Organisation has acquired added significance as a beacon of stability, security, peace and progress

Updated 04 Jul, 2023 05:36pm

Pakistan

IHC deems Toshakhana case against PTI chief ‘inadmissible’

Orders that arguments by PTI chairman counsel be heard again and reconsidered

Updated 04 Jul, 2023 05:33pm

Cricket

Tamim ‘not 100%’ fit but set to return for Bangladesh

CHITTAGONG: Bangladesh skipper Tamim Iqbal said he was still not “100 percent” fit to play but nonetheless planned...

Published 04 Jul, 2023 05:13pm

Stocks

Sri Lanka shares hit 9-month high on nod for domestic debt restructuring plan

BENGALURU: Sri Lankan shares jumped 7.17% to a 9-month high on Tuesday after the country’s parliament approved a key...

Published 04 Jul, 2023 04:54pm

Stocks

Financials help Indian shares extend gains to new highs

BENGALURU: India’s blue-chip Nifty 50 index advanced for a sixth session in a row on Tuesday, as gains from...

Published 04 Jul, 2023 04:50pm

Movies & Music

Jemima Khan’s ‘What’s Love Got To Do With It?’ bags four National Film Awards

Screenwriter and producer Jemima Khan’s film ‘What’s Love Got To Do With It?’ won four awards at United Kingdom’s...

Published 04 Jul, 2023 04:45pm

Forex

Open-market: rupee’s rise continues against US dollar

Currency hovers at 277-280 level in open-market

Updated 04 Jul, 2023 04:44pm

Commodities

Gloomy demand outlook weighs on copper prices

LONDON: Copper prices retreated on Tuesday as weak manufacturing data indicated poor demand prospects, including...

Published 04 Jul, 2023 04:40pm

Commodities

Palm oil falls more than 2%, ending three-session rally

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday in a retreat from the previous day’s more than three-month...

Published 04 Jul, 2023 04:36pm

Pakistan

GB top court disqualifies CM Khalid Khurshid in fake degree case

Three-member bench disqualifies him for allegedly obtaining license from GB Bar Council on the basis of a fake degree

Published 04 Jul, 2023 04:21pm

Forex

Pakistan looks at ‘medium-term’ inflation target of 5-7%: SBP chief

Jameel Ahmad also announces MoU with Arab Monetary Fund to facilitate remittance inflow from GCC countries

Updated 04 Jul, 2023 03:40pm

Cricket

Broad ‘amazed’ Australia did not question Bairstow appeal

England fast bowler Stuart Broad said he was “amazed” no senior Australia players considered withdrawing a stumping...

Published 04 Jul, 2023 03:23pm

Forex

Sterling steadies as traders await business data later this week

LONDON: Sterling steadied on Tuesday as traders waited for service sector data due on Wednesday and pondered whether...

Published 04 Jul, 2023 03:17pm

Movies & Music

‘I have always lived like an Indian princess’: Bollywood icon Rekha in rare interview with Vogue Arabia

Actor grants first interview in nearly two decades, highlighting introspection, commitment to her craft

Published 04 Jul, 2023 03:03pm

Forex

Indian rupee ends slightly lower on importers’ dollar demand

BENGALURU: Indian rupee ended slightly lower against the U.S. currency on Tuesday, underperforming Asian peers,...

Updated 04 Jul, 2023 03:14pm

Europe

NATO chief Stoltenberg’s mandate extended to 2024

BRUSSELS: NATO’s members on Tuesday extended the tenure of alliance chief Jens Stoltenberg for one year, after...

Published 04 Jul, 2023 03:10pm

Technology

Twitter to limit TweetDeck to ‘verified’ users

PARIS: Twitter has announced that TweetDeck, a popular program that allows users to monitor several accounts at...

Published 04 Jul, 2023 02:42pm

Asia

Yellen meets Chinese ambassador before her trip to Beijing

BEIJING: China’s ambassador to the United States said he hoped Beijing and Washington would “meet each other...

Published 04 Jul, 2023 02:39pm

Europe

Putin says Russia will resist ‘sanctions and provocations’

MOSCOW: President Vladimir Putin told Iranian, Chinese and other leaders on Tuesday that Russia would continue to...

Published 04 Jul, 2023 02:36pm

Commodities

India’s June palm oil, soyoil imports jump on lower prices: dealers

MUMBAI: India’s June palm oil imports jumped 49% from the previous month to their highest in three months as buyers...

Published 04 Jul, 2023 02:03pm

Stocks

Major Gulf markets in black, Dubai at 8-year high

Major stock markets in the Gulf rose in early trade on Tuesday tracking oil prices higher, with the Dubai index...

Published 04 Jul, 2023 02:02pm

Stocks

UK’s FTSE 100 muted as energy gains balance losses in homebuilders

UK’s FTSE 100 opened flat on Tuesday, as the losses in homebuilders after a brokerage cut its price target on...

Published 04 Jul, 2023 01:17pm

Stocks

Sri Lanka shares surge 6% after nod for domestic debt restructuring plan

Sri Lankan shares jumped 6% on Tuesday to a nine-month high after the country’s parliament approved a key domestic...

Published 04 Jul, 2023 01:10pm

Forex

Russian rouble falls back past 89 vs dollar

The Russian rouble weakened back past 89 against the dollar on Tuesday, weighed down by domestic political concerns...

Published 04 Jul, 2023 01:03pm

Pakistan

Polish mountaineer dies on Pakistan’s ‘killer mountain’

SKARDU: A Polish mountaineer has died after summiting the world’s ninth-highest peak, officials said Tuesday,...

Published 04 Jul, 2023 12:59pm

Europe

France says overnight protest violence falls sharply

PARIS: Overnight violence in French cities has halved in 24 hours, the interior ministry said Tuesday, a week after...

Published 04 Jul, 2023 12:45pm

Forex

South African rand firms as trading volumes likely to be thin on US holiday

JOHANNESBURG: The South African rand firmed against the dollar in early trade on Tuesday in range-bound trading due...

Published 04 Jul, 2023 12:40pm

Stocks

European shares muted as miners weigh

European shares were muted on Tuesday, as uncertainty about the direction of global interest rates prompted...

Published 04 Jul, 2023 12:39pm

Technology

Pakistan’s startup funding suffers massive fall in April-June

Funding attained by Pakistani startups on a quarterly basis fell to the lowest level in three years during...

Published 04 Jul, 2023 12:06pm

Technology

Amazon, Google, Apple, Meta, Microsoft say they meet EU gatekeeper status

BRUSSELS: Alphabet’s Google, Amazon, Apple, Meta Platforms and Microsoft have notified the European Commission that...

Published 04 Jul, 2023 12:04pm

Stocks

Japan’s Nikkei pulls back from 33-year high on profit taking

TOKYO: Japan’s Nikkei share average fell on Tuesday, as investors took profits after the benchmark index closed at a...

Published 04 Jul, 2023 11:58am

Stocks

Financials lead Australian shares higher after central bank holds rates

Australian shares reversed course to close higher on Tuesday, boosted by financial stocks, after the country’s...

Published 04 Jul, 2023 11:54am

Asia

China warns of ‘multiple natural disasters’ in July

BEIJING: Chinese authorities have warned of extreme weather and “multiple natural disasters” in the coming month, as...

Published 04 Jul, 2023 11:16am

Asia

Xi, Putin to address Shanghai alliance, with Iran to join

NEW DELHI: Xi Jinping and Vladimir Putin are set to address the Shanghai Cooperation Organisation alliance on...

Published 04 Jul, 2023 11:10am

Forex

China’s yuan edges up as PBOC continues to lend support

SHANGHAI/SINGAPORE: China’s yuan edged up against the dollar on Tuesday, as the central bank continued to lend...

Published 04 Jul, 2023 10:41am

Money & Banking

Australia pauses rate hikes amid ‘uncertain’ economic outlook

SYDNEY: The Reserve Bank of Australia left its key interest rate unchanged Tuesday, with governor Philip Lowe saying...

Published 04 Jul, 2023 10:38am

Forex

Australian dollar slips as RBA skips on a rate rise

SYDNEY: The Australian dollar was slapped lower on Tuesday after the country’s central bank disappointed bulls by...

Published 04 Jul, 2023 10:22am

Commodities

Copper eases as dollar firms, China data signals weak demand

Copper prices eased on Tuesday as the dollar firmed, while weak economic data from top metals consumer China...

Published 04 Jul, 2023 10:03am

Mutual Funds

India bond yields flat in early hours; state debt auction eyed

MUMBAI: Indian government bond yields were little changed in the early session on Tuesday ahead of a state debt...

Published 04 Jul, 2023 10:01am

South Asia

Deadly India rail crash caused by faulty signal connections made during repair

BHUBANESWAR: Workers repairing a rail-road barrier in India made faulty connections in the automated signalling...

Published 04 Jul, 2023 09:59am

Sports

Gauff shocked by Wimbledon qualifier Kenin

LONDON: Coco Gauff was dumped out of Wimbledon on the first day of the tournament on Monday, losing 6-4, 4-6, 6-2 to...

Published 04 Jul, 2023 09:54am

Sports

Venus says she was ‘killed by grass’ after Wimbledon defeat

LONDON: Venus Williams said she was “killed by the grass” after the five-time champion suffered a nasty tumble...

Published 04 Jul, 2023 09:53am

Govt’s LoI to IMF contains 9 major assurances

Pakistan assures that no new tax amnesty would be granted during the next nine months

Updated 04 Jul, 2023 09:52am

Football

Neymar fined $3.3 million for building lake at mansion

RIO DE JANEIRO: A prosecutor in Brazil fined soccer star Neymar 16 million reais ($3.3 million) for building a lake...

Published 04 Jul, 2023 09:37am

Stocks

Asian markets fluctuate as rate-hope rally fades

HONG KONG: Asian markets struggled for direction on Tuesday as investors weighed signs of a slowing US economy...

Published 04 Jul, 2023 09:35am

Asia

IAEA chief in Japan ahead of Fukushima water release

TOKYO: UN nuclear watchdog chief Rafael Grossi arrived in Japan on Tuesday to present a review of Tokyo’s plans to...

Published 04 Jul, 2023 09:29am

BR Research

Fiscal year inflation roundup: 2022-23

As expected, the inflation is tapering off, due to high base effect and softening global commodity prices. Yearly ...

Published 04 Jul, 2023 09:26am

Technology

Meta to launch Twitter-like app Threads

Meta Platforms plans to launch a microblogging app, Threads, days after Twitter executive chair Elon Musk announced...

Published 04 Jul, 2023 09:24am

BR Research

Special Investment Facilitation Council – another joke?

The Special Investment Facilitation Council (SIFC) for the economic revival of the country is the latest season in...

Published 04 Jul, 2023 09:21am

Forex

Yen steady, markets on intervention alert; Aussie up before RBA decision

SINGAPORE: The yen nudged up on Tuesday but remained vulnerable to more weakness, hovering near the key 145 per...

Published 04 Jul, 2023 09:12am

Dar appreciates role of Chinese FIs

ISLAMABAD: Finance Minister Ishaq Dar on Monday appreciated the Chinese support to Pakistan on multiple fronts, and...

Updated 04 Jul, 2023 09:12am

Rs4bn TSG to be given: Govt to help PIAC secure Rs13bn commercial loans

ISLAMABAD: The government has decided to facilitate Pakistan International Airlines Corporation (PIAC) to secure...

Updated 04 Jul, 2023 09:11am

BR Research

Century Paper & Board Mills Limited

Century Paper & Board Mills Limited (CEBP) was incorporated in Pakistan as a public limited company in 1984 and...

Published 04 Jul, 2023 09:11am

Value of Rs5m or more: 3pc advance tax to be collected on registration of EVs

ISLAMABAD: The advance tax at the rate of 3 percent would be collected at the time of registration of electric...

Updated 04 Jul, 2023 09:11am

Pakistan

Cabinet briefed about salient features of IMF deal

ISLAMABAD: The federal cabinet was briefed about the salient features of the $3 billion deal with International...

Updated 04 Jul, 2023 09:10am

Nepra Act: Govt readies amendments to catapult its ‘own man’ to top slot

ISLAMABAD: The government has reportedly prepared amendments to the National Electric Power Regulatory Authority...

Updated 04 Jul, 2023 09:09am

Development: NEC approves ‘megabudget’

ISLAMABAD: In a significant development for the country’s economic landscape, National Economic Council (NEC) held a...

Updated 04 Jul, 2023 09:09am

Risks undermining MTDS targets identified

ISLAMABAD: The estimates of key economic indicators are prone to certain risks and vulnerabilities that could cause...

Updated 04 Jul, 2023 09:08am

Commodities

Gold listless as investors wait for Fed’s June meeting minutes

Gold prices were flat on Tuesday in thin trading due to a U.S. holiday, while traders awaited the U.S. Federal...

Published 04 Jul, 2023 09:08am

IMF deal to support macroeconomic stability: Moody’s

ISLAMABAD: Moody’s Investors Service (Moody’s) Monday said that Pakistan’s new deal with the International Monetary...

Updated 04 Jul, 2023 09:06am

100MW solar project: AEDB approves issuance of TLoS to Zorlu

ISLAMABAD: Alternative Energy Development Board (AEDB) has approved issuance of Tripartite Letter of Support (TLoS)...

Updated 04 Jul, 2023 08:47am

New agreement with KE: Centre urged to consult Sindh

KARACHI: Sindh Energy Minister Imtiaz Ahmed Shaikh on Monday said that the provincial government has continuously...

Updated 04 Jul, 2023 08:47am

BR’s refresher: your morning briefing for the day

Important updates from July 3, 2023

Published 04 Jul, 2023 08:44am

Opinion

The more things change…

After a three weeks sojourn in the UK, returning to Pakistan was a case of an overdose of déjà vu. But I must not...

Updated 04 Jul, 2023 05:59am

Opinion

The youth bulge

The high rate of population growth of Pakistan, among the highest in the world, has led to the emergence of a large...

Updated 04 Jul, 2023 05:50am

Editorials

IMF: We have to pay the price we deserve to pay

EDITORIAL: While specific details of precisely what are the prior conditions that the government has agreed to in ...

Updated 04 Jul, 2023 05:45am

Opinion

PARTLY FACETIOUS: A job badly done

“So what do you call someone who elicits spirited defense for a job extremely badly done?” “I am not sure, two...