News Archives for Latest - 2023-07-24

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Archive - 2023-07-24

Sports

Misbah-ul-Haq appointed advisor to PCB chairman Zaka Ashraf

Former Pakistan skipper Misbah-ul-Haq has recently taken on a new advisory role alongside Zaka Ashraf, who currently...

Published 24 Jul, 2023 11:31pm

World

North Korea fires missiles ahead of key anniversary, Seoul says

SEOUL: Pyongyang conducted twin missile launches late Monday, ahead of anniversary celebrations that will be watched...

Published 24 Jul, 2023 11:27pm

World

Washington, Texas spar over anti-migrant river buoys

WASHINGTON: Texas Governor Greg Abbott pushed back Monday at a US Justice Department threat to sue the state over...

Published 24 Jul, 2023 10:57pm

Stocks

UK’s FTSE 100 edges higher on gains in energy shares

The UK’s FTSE 100 edged higher on Monday supported by gains in energy stocks, while a jump in software firm Ocado...

Published 24 Jul, 2023 09:42pm

Stocks

European shares hold steady, Spanish stocks lag on election jitters

European shares were marginally higher on Monday as gains in energy firms and telecom stocks were countered by...

Published 24 Jul, 2023 09:40pm

Europe

Ukraine detains senior ex-military for suspected graft charges

KYIV: A senior Ukrainian former military official was detained on Monday for suspected corruption following reports...

Published 24 Jul, 2023 09:18pm

Pakistan

Contempt case: ECP issues non-bailable arrest warrants for PTI chief

Electoral body orders the Islamabad police to present the former premier before it on Tuesday (July 25)

Published 24 Jul, 2023 09:01pm

Europe

Russia claims dramatic increase in ammo production

MOSCOW: Russia said Monday it had dramatically increased production of ammunition and military equipment, as its...

Published 24 Jul, 2023 08:38pm

Forex

7th straight fall: rupee settles at 287.92 against US dollar

Currency depreciates 0.39% in inter-bank market
Cumulatively, rupee has depreciated 4% in less than two weeks

Updated 24 Jul, 2023 07:50pm

Stocks

KSE-100 settles above 46,000 for its highest closing level in 15 months

The Pakistan Stock Exchange (PSX) opened the first session of the week on a positive note as the benchmark KSE-100...

Updated 24 Jul, 2023 07:47pm

Stocks

Wall Street eyes higher open ahead of more Big Tech earnings, Fed decision

Wall Street’s main indexes were set to open higher on Monday as investors geared up for earnings from megacap growth...

Published 24 Jul, 2023 07:42pm

Pakistan

4 killed, several injured as two vehicles collide near Quetta

At least four people were killed, and several others were injured as two vehicles collided in the Dil Sora area of...

Published 24 Jul, 2023 07:37pm

Pakistan

Sherry Rehman says reports claiming consensus on caretaker PM 'fake news'

PPP leader says her party's position is entrenched in the Constitution which is why the caretaker government should not be partisan

Updated 24 Jul, 2023 07:34pm

Stocks

Most Gulf markets rise on solid corporate earnings; Egypt slips

Most stock markets in the Gulf ended higher on Monday, largely on the back of corporate earnings, although traders’...

Published 24 Jul, 2023 07:30pm

Cricket

Final day of West Indies v India Test delayed by rain

PORT OF SPAIN: Rain delayed the start of play on the final day of the second and final Test between the West Indies...

Published 24 Jul, 2023 07:19pm

Stocks

US stocks rise to open big week of economic news

NEW YORK: Wall Street stocks climbed early Monday ahead of a news-jammed week that includes major corporate earnings...

Published 24 Jul, 2023 07:16pm

Perspectives

Balancing the digital gender divide is critical to achieving economic equality

There is a persisting gender gap in the technology and innovation sectors across many countries, as women and girls...

Published 24 Jul, 2023 06:51pm

Movies & Music

‘Oppenheimer’ sparks online outrage in India due to Hindu scripture scene

MUMBAI: A scene featuring a holy Hindu scripture in nuclear arms biopic ‘Oppenheimer’ has drawn social media fire in...

Updated 24 Jul, 2023 06:42pm

Cricket

McGrath says England to blame for failing to regain Ashes

MANCHESTER: Australia great Glenn McGrath said England only had themselves to blame for their failure to regain the...

Published 24 Jul, 2023 06:31pm

Europe

Russia warns of ‘tough retaliatory measures’ to drone attacks

MOSCOW: Russia said Monday that drone attacks in central Moscow and annexed Crimea could warrant a harsh response,...

Published 24 Jul, 2023 06:27pm

Business & Economy

Ishaq Dar put forward as leader of caretaker government: report

ISLAMABAD: One of the main parties in Pakistan’s ruling coalition has proposed that Finance Minister Ishaq Dar lead...

Updated 24 Jul, 2023 06:26pm

Cricket

Shafique, Masood propel Pakistan after bowlers delight

COLOMBO: Abdullah Shafique and Shan Masood smashed half-centuries to help Pakistan take the opening day honours...

Updated 24 Jul, 2023 06:23pm

Companies

Corporate briefing: Honda Atlas mulling hybrid model for Pakistan

Brokerage houses say company in early stages of consideration

Published 24 Jul, 2023 05:59pm

Stocks

Sri Lankan shares break 15-day win streak as industrials, energy drag

BENGALURU: Sri Lankan shares closed lower on Monday, dragged by losses in industrials and energy stocks. The CSE All...

Published 24 Jul, 2023 05:54pm

Stocks

Stock markets mixed before key rate calls

LONDON: Stock markets diverged Monday as traders reacted to weak global data and political uncertainty in Spain,...

Updated 24 Jul, 2023 05:51pm

Football

PSG say Saudi’s Al Hilal can talk to Mbappe after 300-million-euro bid: source

OSAKA: Paris Saint-Germain have given Saudi club Al Hilal permission to speak to Kylian Mbappe after tabling a...

Published 24 Jul, 2023 05:49pm

Cricket

England face Anderson call after naming unchanged squad for Ashes finale

MANCHESTER: England are set to make a decision over veteran paceman James Anderson’s place in the side after naming...

Published 24 Jul, 2023 05:27pm

Energy

Oil prices rise as tight supply counters expected rate hikes

LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well...

Updated 24 Jul, 2023 05:46pm

Movies & Music

Indian ministry orders probe into Eros International’s accounts

NEW DELHI: India’s Ministry of Corporate Affairs has ordered an inspection of the accounts of Eros International...

Published 24 Jul, 2023 05:26pm

Commodities

PLL, Azerbaijan’s SOCAR ink framework agreement to procure LNG cargoes

Pakistan LNG Limited (PLL) and SOCAR Trading Company, an international marketing and development arm of the State...

Updated 24 Jul, 2023 05:23pm

Stocks

Reliance Industries, ITC drag Indian shares down

BENGALURU: Indian shares declined on Monday, dragged by index heavyweights Reliance Industries after its quarterly...

Published 24 Jul, 2023 05:12pm

Commodities

Copper falls as China promises tortuous economic recovery

LONDON: Copper prices fell in London on Monday after top consumer China said its economy faced new challenges and...

Published 24 Jul, 2023 05:10pm

Commodities

Palm oil up over news on Ukraine port attack

JAKARTA: Malaysian palm oil futures rose significantly on Monday, with the highest closing price of more than four...

Published 24 Jul, 2023 05:06pm

Markets

Sitara Peroxide extends plant shutdown for another two weeks

Sitara Peroxide Limited (SPL), Pakistan’s chemical manufacturer, has announced that it is extending its plant...

Published 24 Jul, 2023 04:28pm

Pakistan

US Centcom chief acknowledges Pakistan’s efforts for regional peace in meeting with COAS

US Central Command (Centcom) chief General Michael Erik Kurilla acknowledged and appreciated Pakistan Army’s...

Updated 24 Jul, 2023 04:13pm

Europe

UK PM Sunak: net zero is important but do not want to add to bills

LONDON: British Prime Minister Rishi Sunak said on Monday that the government’s net zero targets were important to...

Published 24 Jul, 2023 03:59pm

Energy

Procuring LNG directly from Qatar: PM Shehbaz says policy developed for private businesses

Prime Minister Shehbaz Sharif on Monday said the government has developed a policy that would allow private...

Updated 24 Jul, 2023 03:48pm

Sidebar

Calculate your monthly liability in FY24

Published 24 Jul, 2023 03:46pm

Stocks

Major Gulf markets rise on strong corporate earnings

Major stock markets in the Gulf rose in early trade on Monday, largely supported by corporate earnings, with the...

Published 24 Jul, 2023 03:09pm

Europe

UK minister Gove commits to 300,000 new homes a year pledge

LONDON: British housing minister Michael Gove on Monday said he stood by a government target to build 300,000 homes...

Published 24 Jul, 2023 02:50pm

Sports

Super sub Girelli earns Italy 1-0 win over Argentina

AUCKLAND: Substitute Cristiana Girelli’s 87th-minute header gave Italy a 1-0 win over Argentina in their Women’s...

Published 24 Jul, 2023 02:46pm

Europe

Kremlin denies Russia hit Odesa cathedral, blames Ukraine

The Kremlin denied on Monday that Russian forces had struck a cathedral in the Ukrainian city of Odesa and said,...

Published 24 Jul, 2023 02:42pm

Pakistan

Lawyer murder case: SC bars authorities from arresting Imran Khan

Directs PTI chairman to appear at the next hearing on August 9

Published 24 Jul, 2023 01:56pm

New GSP scheme’s fate hangs in the balance

EU Parliament and European Council have strong arguments against each other’s viewpoint due to which things are not moving

Updated 24 Jul, 2023 01:53pm

Stocks

London stocks fall at open as financials drag; Ocado shines

British stocks fell at the open on Monday, with financials leading declines, while shares of Ocado jumped after a...

Published 24 Jul, 2023 12:44pm

Technology

Bird has flown as Musk, Twitter CEO Yaccarino say ‘X’ logo is here

STOCKHOLM: Elon Musk and Twitter Chief Executive Officer Linda Yaccarino unveiled a logo for the social media...

Published 24 Jul, 2023 12:41pm

South Asia

Bangladesh hands Nobel Laureate Yunus $1.1mn tax bill

DHAKA: Bangladesh’s top court has ordered Nobel laureate and microfinance pioneer Muhammad Yunus to pay more than $1...

Published 24 Jul, 2023 12:34pm

Companies

Adidas swamped with $565mn in orders for unsold Yeezy shoes: FT

Adidas got orders worth more than 508 million euros (about $565 million) for 4 million pairs of unsold Yeezy shoes,...

Published 24 Jul, 2023 12:16pm

Energy

Sri Lanka’s Ceypetco seeks gasoil contract cargoes for second time in 2023

SINGAPORE: Sri Lanka’s Ceypetco has issued its second tender this year to buy high-sulphur gasoil contract cargoes...

Published 24 Jul, 2023 12:11pm

Forex

South African rand flat; focus on central banks in big economies this week

JOHANNESBURG: The South African rand was little changed in early trade on Monday, at the start of a week in which...

Published 24 Jul, 2023 12:06pm

Real Estate

Hong Kong court to hold hearings on China Evergrande restructuring plan in Sept

HONG KONG: A Hong Kong court will hold sanction hearings over whether to approve embattled Chinese property...

Published 24 Jul, 2023 12:05pm

Forex

Most Asian currencies slip ahead of likely Fed hike

The Taiwan dollar and Thai baht led losses among weak Asian currencies on Monday, as investors braced for the US...

Published 24 Jul, 2023 11:44am

Forex

China’s yuan eases ahead of Politburo and global central bank meetings

SHANGHAI/SINGAPORE: China’s yuan eased against the dollar on Monday, as corporate demand for the greenback offset a...

Published 24 Jul, 2023 11:37am

Financial

IMF expects deal with Argentina in days, peso to weaken

BUENOS AIRES: The International Monetary Fund (IMF) should in the coming days finalize the basis for a staff level...

Published 24 Jul, 2023 11:29am

Europe

Putin says Russia will replace Ukrainian grain shipments to Africa

MOSCOW: Russia will replace exports of Ukrainian grain to Africa, President Vladimir Putin said on Monday, after...

Published 24 Jul, 2023 11:18am

Middle East

Nine killed in civilian plane crash in Sudan, as war-hit capital left hungry

WAD MADANI: Nine people, including four soldiers, were killed Sunday evening when a civilian plane crashed in Sudan...

Published 24 Jul, 2023 11:13am

Stocks

Hong Kong stocks fall at open

HONG KONG: Hong Kong stocks fell at the open of business Monday on concerns about the Chinese economy and ahead of a...

Published 24 Jul, 2023 11:07am

Financial

ECB set to hike again with inflation stubbornly high

FRANKFURT: Another interest rate hike appears a near certainty when ECB policymakers meet Thursday as inflation...

Published 24 Jul, 2023 11:05am

Sports

Philippines vow to ‘crash the party’ against New Zealand at World Cup

WELLINGTON: Philippines coach Alen Stajcic is backing his Women’s World Cup debutants to “crash the party” when they...

Published 24 Jul, 2023 10:54am

Asia

15 dead, 19 missing after Indonesia boat sinks

KENDARI: At least 15 people were killed and 19 more were missing on Monday after a wooden boat sank off the coast of...

Published 24 Jul, 2023 10:50am

Europe

After inconclusive vote, Spain begins talks to avoid new election

MADRID: Spanish Prime Minister Pedro Sanchez and his right-wing rival Alberto Nunez Feijoo will each begin...

Published 24 Jul, 2023 10:46am

Companies

Ryanair announces surging quarterly profit

LONDON: Irish no-frills airline Ryanair on Monday announced surging profits for its first quarter, recovering from...

Published 24 Jul, 2023 10:41am

Asia

Ten killed after school gymnasium roof collapses in China

BEIJING: The concrete roof of a school gymnasium collapsed in China’s Qiqihar city on Sunday killing 10 people, with...

Published 24 Jul, 2023 10:35am

South Asia

India’s economy to hold top spot for GDP but not so much for jobs growth

BENGALURU: India’s economy will grow at a solid pace for the rest of this fiscal year and next but well below its...

Published 24 Jul, 2023 10:29am

Stocks

Asia shares brace for trio of rate meetings, China steps

SYDNEY: Asian shares on Monday braced for an action-packed week of earnings and central bank meetings that will...

Published 24 Jul, 2023 10:25am

Asia

Second US submarine arrives in South Korea amid North Korea tensions

SEOUL: A US nuclear-powered submarine arrived in South Korea on Monday, only days after the first US nuclear armed...

Published 24 Jul, 2023 10:21am

BR Research

An interview with Ejaz Ali Shah, Managing Director PMEX

‘PMEX has completely turned around to a profitable exchange’ Question: Congratulations on the remarkable...

Published 24 Jul, 2023 10:20am

Commodities

London copper rises on China demand hopes

BEIJING: London copper prices climbed on Monday, buoyed by expectations that top consumer China would roll out more...

Published 24 Jul, 2023 10:12am

Mutual Funds

Indian bond yields seen largely unchanged as market awaits Fed policy

MUMBAI: Indian government bond yields are likely to trend largely unchanged in the early session on Monday, with...

Published 24 Jul, 2023 10:09am

Forex

Indian rupee likely to fall to start off important week

MUMBAI: The Indian rupee is expected to decline on Monday, tracking a fall in other Asian currencies on the back of...

Published 24 Jul, 2023 10:07am

Commodities

Palm oil opens lower on weaker rival oils

JAKARTA: Malaysian palm oil futures fell for a second session on Monday, dragged by weaker rival vegetable oils in...

Published 24 Jul, 2023 10:04am

Commodities

Wheat, corn rise on Black Sea supply fears; soybeans firm

SINGAPORE: Chicago wheat and corn futures rose on Monday, as Russia’s attacks on Ukrainian port infrastructure and...

Published 24 Jul, 2023 10:01am

Financial

China central bank sells cash deposits at record low, more easing seen

SHANGHAI/SINGAPORE: China’s central bank sold cash deposits at 2%, the lowest on record, pressured by reductions in...

Published 24 Jul, 2023 09:59am

Bullion Rate

Gold prices range-bound as traders focus on central bank decisions

Gold prices were little changed on Monday as investors awaited a US Federal Reserve meeting this week where the...

Published 24 Jul, 2023 09:57am

Sports

Australia digests ‘hollow’ Ashes retention in Manchester rain

SYDNEY: There was relief rather than celebration at the news that Australia had retained the Ashes when cricket fans...

Published 24 Jul, 2023 09:56am

SBA provides a breathing space: US

Pakistan should continue to work with the IMF, says US Principal Deputy Assistant Secretary of State for South and Central Asia

Updated 24 Jul, 2023 09:51am

Sports

India on course to sweep series after Siraj wrecks West Indies

India remained on course to complete a 2-0 series sweep after setting West Indies a daunting 365-run target and then...

Published 24 Jul, 2023 09:49am

Flood-hit Swat, Dir, Chitral: Forces continue relief activities

ISLAMABAD: Security forces continued relief activities in flood-hit parts of Swat, Dir and Chitral after the...

Updated 24 Jul, 2023 09:49am

Punjab examines release of water into rivers by India

LAHORE: Caretaker Chief Minister Punjab Mohsin Naqvi has ordered that the water situation in the rivers should be...

Updated 24 Jul, 2023 09:46am

PM urges people to avenge 2018 ‘poll rigging’

FAISALABAD: Prime Minister Shehbaz Sharif on Sunday urged the people to avenge the rigging of the 2018 general...

Updated 24 Jul, 2023 09:45am

Europe

Russia blames Ukraine for ‘terrorist’ drone attack on Moscow

Russia’s defence ministry accused Ukraine of a “terrorist” drone attack on Moscow on Monday, after the city’s mayor...

Published 24 Jul, 2023 09:44am

Stocks

Japan’s Nikkei advances as weaker yen spurs carmaker rally

TOKYO: Japan’s Nikkei share average rose on Monday for the first time in three days, with automakers rallying amid a...

Published 24 Jul, 2023 09:40am

Stocks

Australian shares flat as miners counter energy gains; CPI data in focus July

Australian shares struggled for direction on Monday, as losses in miners countered gains in energy stocks, while...

Published 24 Jul, 2023 09:37am

Stocks

Indian shares open lower on caution ahead of key central bank meetings

BENGALURU: Indian shares opened marginally lower on Monday, tracking Asian peers, on caution ahead of central bank...

Published 24 Jul, 2023 09:33am

Bifurcation of PESCO into two Discos approved

ISLAMABAD: Prime Minister Shehbaz Sharif has approved bifurcation of Peshawar Electric Supply Company (PESCO) into...

Updated 24 Jul, 2023 09:32am

Forex

Yen pressured as traders wait on policy decisions

SYDNEY: The dollar and euro made firm starts on Monday to a week full of central bank meetings, while the yen was...

Published 24 Jul, 2023 09:32am

Tax on immovable properties: FBR urged to give taxpayers online declaration option

ISLAMABAD: The Federal Board of Revenue (FBR) should introduce an option for the taxpayers in the online declaration...

Updated 24 Jul, 2023 09:29am

Caretaker setup: PPP asks PML-N to take allies on board

ISLAMABAD: Pakistan Peoples Party senior leader and Secretary General Nayyar Hussain Bukhari Sunday advised Pakistan...

Updated 24 Jul, 2023 09:28am

Five export-oriented sectors: SNGPL directed to supply gas/RLNG without any subsidy

ISLAMABAD: Ministry of Energy (Petroleum Division) has directed Sui Northern Gas Pipeline Limited (SNGPL) to supply...

Updated 24 Jul, 2023 09:03am

Viral videos: US deeply concerned by India sexual assault case

WASHINGTON: The United States said on Sunday it was deeply concerned by reports of viral videos showing two women...

Updated 24 Jul, 2023 08:51am

PM vows to eliminate economic woes

ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday reiterated the resolve by promising the people to eradicate...

Updated 24 Jul, 2023 08:51am

BR’s refresher: your morning briefing for the day

Important updates from July 22 and July 23, 2023

Published 24 Jul, 2023 08:44am

BR Research

IT exports stagnating

Growing in double digits for the last six years (FY17-FY22), the IT exports of the country took a backseat in FY23...

Published 24 Jul, 2023 08:43am

BR Research

Something wicked this way comes

What should the outlook of an industry whose demand has plunged 16 percent over the year—capacity utilization of...

Published 24 Jul, 2023 08:40am

BR Research

Fauji Fertilizer Bin Qasim Limited

Fauji Fertilizer Bin Qasim Limited (PSX: FFBL) was incorporated in Pakistan as a public limited company. The company...

Published 24 Jul, 2023 08:36am

Pakistan

Embezzlement of funds: Registrar says ex-management of MUECHS found guilty

HYDERABAD: Registrar Cooperative Department Muhammad Hussain Baloch has said that after due process and thorough...

Published 24 Jul, 2023 07:24am

Pakistan

Another teenager drowns off Hawkesbay beach

KARACHI: Another teenage boy drowned while swimming at Karachi’s Hawkes Bay beach on Sunday, rescue officials ...

Published 24 Jul, 2023 07:19am

Pakistan

FIA arrests ‘passenger’ at airport

KARACHI: The Federal Investigation Agency (FIA) Immigration on Sunday arrested a passenger who travelled to Pakistan...

Published 24 Jul, 2023 07:15am

Pakistan

Elections should be held on the basis of recent census: PDP

KARACHI: The coming general elections should be ideally held on the basis of recent population census after ...

Published 24 Jul, 2023 07:13am

Pakistan

Sindh announces arrival of new ‘Red buses’ in Karachi

KARACHI: In a bid to improve the public transportation system and provide much-needed convenience to the residents ...

Published 24 Jul, 2023 07:11am

Pakistan

Quetta Road blocked due to landslide

QUETTA: Quetta Road, the inter-provincial highway connecting Balochistan to Punjab in the Rakhi Gaj tribal area of...

Published 24 Jul, 2023 07:10am

Pakistan

Mayor chairs meeting to review Muharram arrangements

KARACHI: Mayor Karachi Barrister Murtaza Wahab has said that during Muharram, people of every school of thought...

Published 24 Jul, 2023 07:01am

Pakistan

Rains: JI assails Sindh govt over ‘lack’ of preparations

KARACHI: Jamaat-e-Islami (JI) Karachi chapter Amir Engr Hafiz Naeemur Rehman has said that the ongoing rain spell in...

Published 24 Jul, 2023 07:00am

Pakistan

Lahore PHA implements refund policy over Ombudsman’s involvement

LAHORE: Following the directives of the Ombudsman Punjab Maj Azam Suleman Khan (retd), the Parks and Horticulture...

Published 24 Jul, 2023 06:58am

Pakistan

PSDF, PARCO sign MoU to provide technical training

LAHORE: Punjab Skill Development Fund (PSDF) and Pak-Arab Refinery Company Ltd (PARCO) have signed MoU under which...

Published 24 Jul, 2023 06:56am

Business & Finance

FBR required to expedite WHT audit of NHA to recover billions of rupees

ISLAMABAD: In line with the order of the Federal Tax Ombudsman (FTO), the Federal Board of Revenue’s (FBR)...

Updated 24 Jul, 2023 06:47am

Business & Finance

Gulf economies to grow at much slower pace than earlier forecast

BENGALURU: Economic growth in five countries in the six-member Gulf Cooperation Council is forecast to be even ...

Updated 24 Jul, 2023 06:40am

Opinion

The indictment of monetary policy

The Stand-By Arrangement (SBA) documents uploaded on the International Monetary Fund (IMF) website this Tuesday ...