News Archives for Latest - 2023-08-03

World

Kuwaiti foreign minister invited to Iran amid tensions over gas field

KUWAIT: Iran's foreign minister has invited his Kuwaiti counterpart to Tehran, Kuwait said on Thursday, as tensions...

Published 03 Aug, 2023 11:29pm

World

Blinken accuses Russia of 'assault' on global food system

UNITED NATIONS: US Secretary of State Antony Blinken took aim at Russia at the UN Security Council on Thursday,...

Published 03 Aug, 2023 11:11pm

South Asia

India PM Modi to travel to South Africa for BRICS summit

NEW DELHI: Indian Prime Minister Narendra Modi will travel to Johannesburg to attend a summit of the BRICS group of...

Published 03 Aug, 2023 09:38pm

Stocks

European stocks fall for third straight day as earnings, higher yields drag

European stocks hit a three-week low on Thursday, hurt by disappointing earnings reports and elevated U.S. bond...

Published 03 Aug, 2023 09:34pm

Pakistan

Growing financing gap major challenge to Pakistan’s roadmap to 2030 climate resilience: Sherry

Federal Minister for Climate Change says there is an immediate need to scale up the climate finance flowing to developing countries

Updated 03 Aug, 2023 09:34pm

Energy

Oil rises as Saudi Arabia extends cuts again

LONDON: Oil prices jumped on Thursday after Saudi Arabia extended its voluntary one million barrel per day output...

Updated 03 Aug, 2023 09:31pm

Europe

Russia enlisted over 230,000 troops in 2023: Medvedev

MOSCOW: Russia has enlisted over 230,000 additional personnel into the army since the start of the year, Moscow’s...

Updated 03 Aug, 2023 08:21pm

Stocks

Wall St slides on rising bond yields, mixed earnings

Wall Street’s main indexes slipped on Thursday as a jump in bonds yields, a mixed bag of corporate earnings and a...

Published 03 Aug, 2023 08:03pm

Europe

Germany rules out long-range missiles for Ukraine

FRANKFURT: German Defence Minister Boris Pistorius on Thursday again ruled out supplying Ukraine with long-range...

Published 03 Aug, 2023 07:56pm

Forex

SBP-held foreign exchange reserves fall $32mn, now stand at $8.15bn

Reserves decrease on account of debt repayments

Published 03 Aug, 2023 07:35pm

Pakistan

Pakistan, Iran aim to boost trade to $5bn

As part of a five-year plan both countries agree to end impediments to bilateral trade and finalise a Free Trade Agreement

Updated 03 Aug, 2023 07:23pm

Pakistan

PM Shehbaz calls for national resolve to revive Pakistan's grandeur

Premier appreciates COAS's dedicated support for government

Updated 03 Aug, 2023 06:58pm

Energy

Saudi Arabia will extend voluntary 1 million bpd oil cut through Sept

DUBAI: Saudi Arabia will extend a voluntary oil output cut of one million barrels per day for another month to...

Published 03 Aug, 2023 06:28pm

Commodities

Cotton arrival in Pakistan surges 66.5%: PCGA

Cotton arrival in Pakistan witnessed a significant increase of 66.5% on August 1 compared to July 15, showed the...

Updated 03 Aug, 2023 06:34pm

Commodities

Asia rice: India export curbs push prices in top hubs to new highs

A blistering rally in rice export prices from top Asian hubs showed no signs of letting up this week, as fears over...

Published 03 Aug, 2023 06:32pm

Life & Style

Adidas books profit as it sells off Kanye inventory

FRANKFURT, Germany: Adidas said Thursday it booked a profit in the second quarter, showing tentative signs of...

Published 03 Aug, 2023 06:31pm

Currency

Rupee claws back, settles at 287.2 against US dollar after 0.76% gain

Currency moves Rs2.18 higher in inter-bank market on Thursday

Updated 03 Aug, 2023 06:31pm

Movies & Music

George Clooney, Meryl Streep among a dozen stars to donate millions to striking actors

LOS ANGELES: A dozen of Hollywood’s highest-earning stars, from George Clooney to Meryl Streep, have each donated $1...

Published 03 Aug, 2023 06:18pm

South Asia

Malaysian ex-PM Mahathir in hospital for ‘observation’

KUALA LUMPUR: Former Malaysian prime minister Mahathir Mohamad has been admitted to a specialist heart hospital for...

Published 03 Aug, 2023 06:11pm

Companies

UK retailer Wilko nears collapse, risking 12,000 jobs

LONDON: British household goods company Wilko on Thursday announced it was at risk of collapse, impacting around...

Published 03 Aug, 2023 06:08pm

USA

US layoffs fall to lowest level in nearly a year

American employers announced fewer layoffs in July than the year before, marking the first year-over-year decrease...

Published 03 Aug, 2023 06:01pm

South Asia

S&P sees Indian economy growing by average 6.7% to 2031 amid short-term challenges

NEW DELHI: S&P Global on Thursday projected the Indian economy to grow by an average annual rate of 6.7% to...

Published 03 Aug, 2023 05:57pm

Money & Banking

Bank of England raises borrowing costs to 15-year peak, signals rates to stay high

LONDON: The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of...

Published 03 Aug, 2023 05:53pm

South Asia

India to participate in Ukraine peace talks hosted by Saudi Arabia

NEW DELHI: India will participate in Ukraine peace talks to be hosted by Saudi Arabia on Aug. 5 and 6, a foreign...

Published 03 Aug, 2023 05:46pm

Africa

Number of hungry in Sudan rises above 20 million

CAIRO: The estimated number of people facing acute food insecurity in Sudan has risen faster than expected to 20.3...

Published 03 Aug, 2023 05:35pm

Pakistan

Civilians’ trials in military courts: SC says will not allow armed forces to take unconstitutional steps

Six-member bench hears petition

Updated 03 Aug, 2023 05:34pm

Stocks

KSE-100 unable to sustain level over 49,000, profit-taking kicks in

10-session positive run ends as index closes with loss of 153 points
Index had earlier breached 49,000 level in early-morning trading and hit high of 49,404.50

Updated 03 Aug, 2023 05:32pm

Money & Banking

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

ZURICH: Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade...

Published 03 Aug, 2023 05:26pm

Stocks

Indian shares extend declines tracking global peers

BENGALURU: Indian shares extended declines for a third straight day on Thursday, tracking a fall in global peers...

Published 03 Aug, 2023 05:16pm

Stocks

Sri Lanka shares end higher as industrials rise

BENGALURU: Sri Lankan shares closed higher on Thursday, aided by gains in industrial stocks. The CSE All Share index...

Published 03 Aug, 2023 05:14pm

Commodities

Tin bounces on Myanmar mining ban, others drift lower

LONDON: Tin prices rebounded on Thursday following a mining ban in the world’s third largest tin miner Myanmar, but...

Published 03 Aug, 2023 05:12pm

Commodities

Palm hits one-month closing low on weaker rivals, lacklustre demand

KUALA LUMPUR: Malaysian palm oil futures extended early losses on Thursday, hitting its lowest closing since the end...

Published 03 Aug, 2023 05:10pm

Sports

In unusual meeting, PCB chief Zaka calls on Dar, discusses upcoming Asia Cup

Finance Minister Ishaq Dar on Thursday met Pakistan Cricket Board (PCB) Chairman Muhammad Zaka Ashraf to discuss...

Published 03 Aug, 2023 03:58pm

Movies & Music

Filmmaker Sarmad Khoosat to release ‘Zindagi Tamasha’ on Aug 4 on YouTube, Vimeo

Movie's big-screen release has been mired in delays and controversy for years

Published 03 Aug, 2023 03:52pm

Middle East

Kuwait’s scorching summers a warning for heating planet

KUWAIT CITY: As the blazing summer sun beats down on Kuwait, shoppers stroll down a promenade lined with palm trees...

Published 03 Aug, 2023 03:45pm

Commodities

Hascol’s loss nearly doubles to Rs14.5bn in 2022

Despite higher net sales and gross profit, Hascol Petroleum Limited sustained a massive loss after tax (LAT) to the...

Published 03 Aug, 2023 03:23pm

Europe

Rights groups seek ‘credible’ probe into Greece migrant shipwreck that killed hundreds

ATHENS: Amnesty International and Human Rights Watch on Thursday called for a “credible” probe into a migrant...

Published 03 Aug, 2023 03:10pm

Technology

India mandates licensing for laptop, tablet imports in blow to Apple, Dell

NEW DELHI: India on Thursday said it will impose a licensing requirement for imports of laptops, tablets and...

Published 03 Aug, 2023 03:02pm

Financial

Crypto exchange HashKey bags licence update to serve retail users

Cryptocurrency exchange HashKey on Thursday said it will begin offering its services to retail users in Hong Kong,...

Published 03 Aug, 2023 02:58pm

Stocks

Major Gulf equities track oil, Asian shares lower

Major stock markets in the Gulf fell in early trade on Thursday, tracking oil prices and Asian shares lower, with...

Published 03 Aug, 2023 02:55pm

Europe

Serbian coal miners uncover Roman ship

KOSTOLAC: Archaeologists in Serbia are painstakingly brushing sand and soil off the ancient woodwork of a Roman ship...

Published 03 Aug, 2023 02:51pm

Financial

US credit downgrade ‘entirely unwarranted’: Yellen

MCLEAN: A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday,...

Updated 03 Aug, 2023 02:47pm

Europe

Rising domestic violence is a hidden front in Ukraine’s war

DNIPRO: When the body of 34-year-old Liubov Borniakova was found in her home in the city of Dnipro in central...

Published 03 Aug, 2023 02:45pm

Business & Finance

India’s Adani Enterprises posts 44% jump in Q1 profit

BENGALURU: India’s Adani Enterprises on Thursday reported a 44% rise in quarterly profit, as performance at its new...

Published 03 Aug, 2023 02:36pm

Stocks

Tokyo stocks tumble for second straight day

TOKYO: Tokyo stocks tumbled for the second straight day on Thursday in the wake of Fitch’s downgrade of its US...

Updated 03 Aug, 2023 02:34pm

Stocks

European stock markets extend losses at open

LONDON: European stock markets slid further at the open Thursday as traders reacted to a credit downgrade for the...

Published 03 Aug, 2023 02:32pm

Technology

Nintendo Q1 net profit soars 52 percent

TOKYO: Nintendo reported on Thursday a 52 percent jump in first-quarter net profits thanks to brisk sales of its...

Published 03 Aug, 2023 02:30pm

Stocks

Hong Kong stocks close lower

HONG KONG: Hong Kong stocks finished lower Thursday following a plunge on Wall Street that came as strong US jobs...

Updated 03 Aug, 2023 02:28pm

Forex

Rouble recovers after hitting over 16-month low in early trade

The Russian rouble firmed in early trade after clipping a more than 16-month low at the market opening on Thursday,...

Published 03 Aug, 2023 12:24pm

Middle East

Iran’s President Raisi officially invites UAE president to visit Tehran

DUBAI: Iran’s President Ebrahim Raisi officially invited United Arab Emirates (UAE) President Mohammed bin Zayed Al...

Published 03 Aug, 2023 12:22pm

Business & Finance

SABIC’s quarterly profit drops 85% on lower sales prices

DUBAI: Saudi Basic Industries Corp (SABIC), one of the world’s biggest petrochemical companies, said on Thursday its...

Published 03 Aug, 2023 12:19pm

Companies

BMW forecasts growth in Europe, warns supply chain issues remain

BERLIN: BMW on Thursday forecast growth in the European automotive market, robust sales in the United States and...

Published 03 Aug, 2023 12:17pm

Business & Finance

Turkiye monthly inflation surges to 9.49% in July after tax hikes, lira dip

ISTANBUL: Turkiye inflation soared to 9.49% month-in-month in July, official data showed on Thursday, rising...

Published 03 Aug, 2023 12:15pm

Sports

Khawaja fumes after Australia docked WTC points in Ashes series

MELBOURNE: Australia opener Usman Khawaja has vented his frustration after the team lost 10 World Test Championship...

Published 03 Aug, 2023 12:10pm

USA

Canada PM Trudeau and wife announce separation

OTTAWA: Canadian Prime Minister Justin Trudeau announced Wednesday that he and his wife of 18 years, Sophie...

Published 03 Aug, 2023 12:00pm

Sports

Svitolina reaches Washington WTA quarter-finals with another win over Kasatkina

WASHINGTON: Ukraine’s Elina Svitolina continued her dominance of Daria Kasatkina, taking her career record over the...

Published 03 Aug, 2023 11:50am

Sports

Swim king Hafnaoui wants to be Tunisia’s greatest Olympian

TUNIS: Double world champion swimmer Ahmed Hafnaoui said Wednesday he wants to become Tunisia’s greatest ever...

Published 03 Aug, 2023 11:45am

Sports

Murray beats Nakajima in ATP Washington opener

WASHINGTON: Andy Murray held firm in a 7-6 (7/5), 6-4 victory over Brandon Nakashima in the ATP hardcourt tournament...

Published 03 Aug, 2023 11:43am

Financial

BoE set for fresh rate hike as UK inflation stays high

LONDON: The Bank of England is set to raise its key interest rate for a 14th time in a row Thursday as UK inflation...

Published 03 Aug, 2023 11:39am

Europe

France asks Niger forces to ‘fully guarantee’ embassy safety

PARIS: France has asked Niger’s new junta to “fully guarantee” the safety of its embassy in Niamey ahead of planned...

Published 03 Aug, 2023 11:34am

Sports

Time to take us seriously, says Jamaica’s World Cup goalkeeper Spencer

MELBOURNE: Goalkeeper Rebecca Spencer says Jamaica’s historic run into the knockout stages of the World Cup will put...

Published 03 Aug, 2023 11:25am

Europe

Russia says downed six drones less than 200 km from Moscow

MOSCOW: Russia on Thursday said it had downed six drones in the Kaluga region, less than 200 kilometres from Moscow,...

Published 03 Aug, 2023 11:22am

Asia

China says it is willing to keep talking with US on foreign minister visit

BEIJING: China said on Thursday that it is “willing to maintain communications” with the United States on a possible...

Published 03 Aug, 2023 11:16am

Commodities

Palm slips for seventh session in eight, weaker ringgit limits fall

KUALA LUMPUR: Malaysian palm oil futures eased on Thursday, declining for a seventh session in eight as they tracked...

Published 03 Aug, 2023 11:13am

Commodities

Wheat drops to 3-week low on Russian supply prospects, corn falls

SINGAPORE: Chicago wheat futures slid on Thursday to a three-week low as expectations of strong exports from Russia...

Published 03 Aug, 2023 11:11am

Sports

US approaching knockout stages as fresh start, says Horan

AUCKLAND: The United States are using their trip to the knockout stages to make a fresh start at the Women’s World...

Published 03 Aug, 2023 11:08am

Energy

Asia crude imports hit high as China, India gorge on Russian oil: Russell

LAUNCESTON: Asia’s crude imports lifted to a record high in July as the top-importing region’s two biggest buyers,...

Published 03 Aug, 2023 11:00am

Financial

Morgan Stanley upgrades India to ‘overweight’, terms it top pick among emerging markets

BENGALURU: Morgan Stanley has upgraded its view on Indian markets to “overweight” from “equal weight”, citing easing...

Published 03 Aug, 2023 10:54am

Forex

Indian rupee drops, but confidence on RBI largely caps losses

MUMBAI: The Indian rupee declined on Thursday on risk aversion, but losses were kept in check on belief that the...

Published 03 Aug, 2023 10:50am

Mutual Funds

India benchmark yield heads to 7.20% as US peers’ ascent continues

MUMBAI: Indian government bond yields trended higher on Thursday, with the benchmark bond yield heading towards the...

Published 03 Aug, 2023 10:48am

Forex

China’s yuan inches up as services activity quickens

HONG KONG: China’s yuan inched up on Thursday against the dollar in a tight range, buoyed by the central bank’s...

Published 03 Aug, 2023 10:46am

Mutual Funds

BOJ conducts emergency bond buying as yields push to fresh 9-year peak

TOKYO: The benchmark 10-year Japanese government bond yield hit a fresh nine-year peak on Thursday before pulling...

Published 03 Aug, 2023 10:44am

Companies

Lufthansa sees high demand in H2 after Q2 profit jump

BERLIN: German airline group Deutsche Lufthansa reported a jump in second-quarter operating profit on Thursday and...

Published 03 Aug, 2023 10:42am

Business & Finance

India’s services growth at 13-year high in July on strong demand

BENGALURU: India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased...

Published 03 Aug, 2023 10:40am

Europe

Ukraine says Russians fail to advance but are well dug in

Russian forces have made no headway along the front lines, but are entrenched in heavily mined areas they control,...

Published 03 Aug, 2023 10:37am

Asia

Safety concerns mount for scout gathering amid South Korea heatwave

SEOUL: South Korea’s interior minister urged on Thursday organisers of a global scout jamboree to take “all...

Published 03 Aug, 2023 10:33am

Business & Finance

India’s Adani-backed Ambuja boosts cement heft with $295mn deal for Sanghi Industries

BENGALURU: India’s Ambuja Cements said on Thursday it will buy a near 83% stake in smaller rival Sanghi Industries...

Published 03 Aug, 2023 10:30am

Energy

Lower sales weigh on UAE non-oil business activity in July

DUBAI: Non-oil business activity in the United Arab Emirates eased in July as new orders slowed from a four-year...

Published 03 Aug, 2023 10:27am

World

Australia office vacancies edge up to highest level since 1990s

SYDNEY: Australia’s office vacancy rates crept higher in the first half to levels not seen since the 1990s,...

Published 03 Aug, 2023 10:23am

Stocks

Asian stocks draw foreign money on hopes of US rate hikes nearing end

Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal...

Published 03 Aug, 2023 10:19am

Sports

Messi volleys Inter Miami into Leagues Cup last 16 with two goals against Orlando

Lionel Messi scored in his third consecutive match for Inter Miami in a 3-1 victory over Orlando City on Wednesday...

Published 03 Aug, 2023 10:16am

USA

No shooter, no injuries at US Capitol after ‘bogus call,’ police say

WASHINGTON: Police gave an all-clear at the U.S. Capitol complex on Wednesday, finding no gunman or suspicious...

Published 03 Aug, 2023 10:14am

Asia

Floods test China’s disaster-response systems as emergency level raised

BEIJING: China’s disaster-response systems are being put to the test as floodwaters from record rainfall could take...

Published 03 Aug, 2023 10:04am

South Asia

In India, it’s advantage Tesla as Chinese automakers face heat

NEW DELHI: China’s loss in India could be Elon Musk’s gain. Tesla has had a red-carpet welcome from India for its...

Published 03 Aug, 2023 09:59am

Senate passes crucial bill to pave the way: Setting-up of sovereign wealth fund in sight

Law Minister Azam Nazeer Tarar presents bill on behalf of the interior minister

Updated 03 Aug, 2023 09:55am

Bullion Rate

Gold near 3-week lows as US data points to more Fed tightening

Gold prices held near three-week lows on Thursday after a larger-than-expected increase in US private payrolls in...

Published 03 Aug, 2023 09:53am

Civilians’ trial in military courts: SC says ‘no’ to full court pleas

ISLAMABAD: The Supreme Court on Wednesday dismissed civil society’s request to form a Full Court for hearing the...

Updated 03 Aug, 2023 09:53am

New Tracking, Monitoring of Cargo Rules notified: Rs175m annual turnover a must to obtain licence: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed companies having a minimum annual turnover of Rs175...

Updated 03 Aug, 2023 09:53am

Stocks

Shares of Evergrande services arm set to drop as trading resumes

HONG KONG: Shares of Evergrande Property Services Group are set to open 36.5% lower on Thursday as trading resumes...

Published 03 Aug, 2023 09:51am

Stocks

Commodity, tech stocks drag Australian shares lower; US credit downgrade weighs

Australian shares fell on Thursday led by commodity and technology stocks, as investor sentiment was dented after...

Published 03 Aug, 2023 09:50am

Stocks

Indian shares open lower amid global slide

BENGALURU: Indian shares opened lower on Thursday, tracking Asian peers on caution after Fitch’s downgrade of the...

Published 03 Aug, 2023 09:46am

Economic stabilisation: PM praises role of business community

KARACHI: Prime Minister Shehbaz Sharif on Wednesday said that provision of facilities to the business community and...

Updated 03 Aug, 2023 09:45am

Forex

Australia, NZ dollars on defensive as yields move against them

SYDNEY: The Australian and New Zealand dollars were on the defensive on Thursday as markets further scaled back...

Published 03 Aug, 2023 09:39am

Forex

Dollar stands tall as US economic resilience trumps fiscal uncertainty

SINGAPORE: The dollar was perched near a four-week high on Thursday, shrugging off a US credit rating downgrade that...

Published 03 Aug, 2023 09:36am

Forex

Thai baht falls on political uncertainties, Asian FX declines

The Thai baht hit a one-week low on Thursday on lingering political uncertainties after the populist Pheu Thai party...

Published 03 Aug, 2023 09:32am

Dar sets Rs10trn revenue target for Tiwana-led team

ISLAMABAD: Finance Minister Ishaq Dar threw the gauntlet of chasing a revenue target of Rs 10 trillion for the...

Updated 03 Aug, 2023 09:29am

Iranian FM arrives

ISLAMABAD: Foreign Minister of Iran Hossein Amir Abdollahian has arrived on his first bilateral visit to Pakistan...

Updated 03 Aug, 2023 09:17am

Execution of schemes: ECC approves Rs1.016bn TSG for Petroleum Division

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved Rs1.016 billion...

Updated 03 Aug, 2023 09:16am

NA panel told: Property transfers, registration halted due to Section 7E ITO

ISLAMABAD: The registration and transfers of immovable properties across Pakistan has been totally stopped after...

Updated 03 Aug, 2023 09:14am

BR Research

Women in tech - much needed!

Women across the globe are increasingly using technology to address their needs. They have been able to expand...

Published 03 Aug, 2023 08:46am

Pakistan

‘Afghan citizens’ helping suicide bombers: PM

ISLAMABAD: Militants behind a spate of suicide attacks in Pakistan were being helped by “Afghan citizens” across the...

Updated 03 Aug, 2023 08:51am

BR Research

Bad vibes only

Sounding rather pleased with itself, in its latest statement of the Monetary Policy Committee (MPC), the SBP...

Published 03 Aug, 2023 08:51am

BR’s refresher: your morning briefing for the day

Important updates from August 2, 2023

Published 03 Aug, 2023 08:48am

NA passes 12 bills, including Pemra amendment bill

ISLAMABAD: Amid thin attendance in the house, the National Assembly on Wednesday passed 12 bills which also include...

Updated 03 Aug, 2023 08:50am

Pakistan-Turkiye defence production potential highlighted

KARACHI: A launching ceremony of PN MILGEM class ship PNS TARIQ (Desig) was held at Karachi Shipyard and Engineering...

Updated 03 Aug, 2023 08:49am

BR Research

Archroma Pakistan Limited

Archroma Pakistan Limited (PSX: ARPL) is a limited liability company which was previously known as Sandoz...

Published 03 Aug, 2023 08:42am

Editorials

Bajaur bombing

EDITORIAL: In one of the bloodiest terrorist attacks on Sunday at least 55 people have died thus far and more than...

Updated 03 Aug, 2023 06:36am

Opinion

Fed doublespeak

Traders with long US equity and long dollar positions that laughed all the way to the bank after the Fed’s latest...

Updated 03 Aug, 2023 06:34am

Editorials

Fuel price hike

EDITORIAL: Prices of petrol and high speed diesel (HSD) were raised by 19.95 and 19.90 rupees per litre,...

Updated 03 Aug, 2023 06:27am

Opinion

Wheat can rescue Pakistan!

Russia is weaponizing wheat again. Back in March 2022, the world’s TV screens carried images of burning wheat...

Published 03 Aug, 2023 05:54am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (August 02, 2023) and the forecast for Thursday (August 03, 2023)...

Published 03 Aug, 2023 05:55am

Pakistan

US vows to work with Pakistan to tackle ‘shared’ terror threats

WASHINGTON: The United States has slammed “in the strongest terms” Sunday’s suicide bombing in Bajaur District...

Published 03 Aug, 2023 05:55am

Pakistan

Zindigi, Mastercard set to revolutionise Karachi commuting system

KARACHI: Zindigi, powered by JS Bank, in collaboration with Mastercard, is set to revolutionize the mass transit...

Published 03 Aug, 2023 05:55am

World

Iran hangs 11 from Baloch minority on drug charges in 48 hrs: NGO

PARIS: Iran hanged 11 members of the Baloch minority on drugs charges within a 48-hour period, an NGO said ...

Published 03 Aug, 2023 05:55am

World

Nigeria cuts electricity to Niger after coup

NIAMEY: Nigeria has cut its electricity supply to Niger after West African neighbours imposed sanctions on the junta...

Published 03 Aug, 2023 05:55am

World

Exiled BD opposition chief sentenced for graft

DHAKA: Bangladesh’s exiled opposition leader was sentenced in absentia to nine years jail for corruption on...

Published 03 Aug, 2023 05:55am

Pakistan

IPP rejects hike in fuel prices

LAHORE: Istehkam-e-Pakistan Party rejecting the fresh increase in the prices of petroleum products has urged the...

Published 03 Aug, 2023 05:55am

Pakistan

Sindh cabinet takes decisions on 23 agenda items

KARACHI: The provincial cabinet meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah...

Published 03 Aug, 2023 05:55am

Pakistan

Efforts on to promote culture, heritage: Marriyum

ISLAMABAD: Minister for Information and Broadcasting Marriyum Aurangzeb on Wednesday said that steps were being ...

Published 03 Aug, 2023 05:55am

Pakistan

Board meeting of Sindh Mass Transit Authority held

KARACHI: Minister for Information, Transport, and Mass Transit, Sharjeel Inam Memon, presided over the tenth board...

Published 03 Aug, 2023 05:55am

Pakistan

PBA welcomes some amendments in Pemra Act

KARACHI: Pakistan Broadcasters Association in a statement issued Wednesday welcomed some of the amendments in PEMRA...

Published 03 Aug, 2023 05:55am

Pakistan

AGP detects Rs1.95bn malfeasance in three PCAA projects

KARACHI: The Auditor General of Pakistan (AGP) has detected serious financial irregularities totaling Rs. 1.95...

Published 03 Aug, 2023 05:55am

Pakistan

AKU partners with G-B govt to improve teaching practices

KARACHI: The Aga Khan University (AKU) and Government of Gilgit-Baltistan (GB) have signed an agreement to improve...

Published 03 Aug, 2023 05:55am

Pakistan

Bank Alfalah disburses Rs970m for flood-impacted communities

KARACHI: Bank Alfalah has disbursed Rs 970 million for flood-impacted communities in the first half of 2023 during...

Published 03 Aug, 2023 05:55am

Pakistan

Country has ability to defend itself against ‘all threats’: FO

ISLAMABAD: Pakistan further stepped up pressure on the Afghan interim government of the Taliban and reiterated its...

Published 03 Aug, 2023 05:55am

Pakistan

‘Victim Rizwana’s health condition improving’

LAHORE: With the grace of Allah Almighty and the professional team work of doctors, the health condition of Rizwana,...

Published 03 Aug, 2023 05:55am

Pakistan

Law & order: Lahore Police, Punjab Safe Cities Authority adopt joint strategy

LAHORE: Police and Punjab Safe Cities Authority have adopted a joint operational strategy to maintain Law and order...

Published 03 Aug, 2023 05:55am

Pakistan

Lawmakers felicitate new lady opposition leader in Sindh PA

KARACHI: Lawmakers on Wednesday felicitated the new lady opposition leader in the Sindh Assembly and admired her as...

Published 03 Aug, 2023 05:55am

Pakistan

Better class for PTI Senator: LHC summons law office on 7th

LAHORE: A division bench of the Lahore High Court on Wednesday asked a law office to appear before the court on...

Published 03 Aug, 2023 05:55am

Pakistan

MoS&T, PSF lock horns over giving charge of senior post to junior officer

ISLAMABAD: The Ministry of Science and Technology and Pakistan Science Foundation (PSF) have locked horns over...

Published 03 Aug, 2023 05:55am

Pakistan

Ombudsman Punjab takes 152 own-motion notices in June

LAHORE: In response to 152 own-motion notices taken by Ombudsman Punjab Maj Azam Suleman Khan (retd) in the month of...

Published 03 Aug, 2023 05:55am

Pakistan

Pakistan and Turkiye agree to improve ties

KARACHI: Pakistan and Turkiye on Wednesday agreed to continue close coordination and engagement through...

Published 03 Aug, 2023 05:55am

Pakistan

PES providing rescue services to flood affectees

LAHORE: Flood rescue teams of the Punjab Emergency Service department are working continuously in all riverine...

Published 03 Aug, 2023 05:55am

Pakistan

President signs two bills

ISLAMABAD: President Dr Arif Alvi, on Wednesday, gave his assent to two bills after they were passed by the...

Published 03 Aug, 2023 05:55am

Pakistan

PSDF sign multi-layered MoU

LAHORE: Punjab Skills Development Fund (PSDF) and Lahore Waste Management Company (LWMC) on Wednesday signed a...

Published 03 Aug, 2023 05:55am

Pakistan

Punjab caretaker CM vows to serve people devotedly till elections

LAHORE: The caretaker Punjab Chief Minister Mohsin Naqvi has said that he would continue to serve as chief executive...

Published 03 Aug, 2023 05:55am

Pakistan

Senate body raises questions on recruitment process in PSQCA

ISLAMABAD: The Senate Standing Committee on Science and Technology raised questions on the recruitment process in ...

Published 03 Aug, 2023 05:55am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (August 02, 2023). ========================== KIBOR...

Published 03 Aug, 2023 05:54am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 03 Aug, 2023 05:54am

Rates

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 03 Aug, 2023 05:54am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 03 Aug, 2023 05:54am

Rates

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 03 Aug, 2023 05:54am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (August 02, 2023). ==================================== BR...

Published 03 Aug, 2023 05:54am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 03 Aug, 2023 05:54am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (August 02, 2023)....

Published 03 Aug, 2023 05:54am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 03 Aug, 2023 05:54am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (August 02, 2023)....

Published 03 Aug, 2023 05:54am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 02, 2023)....

Published 03 Aug, 2023 05:54am

Rates

LME official prices

LONDON: The following were Tuesday official prices. ========================================= ALUMINIUM...

Published 03 Aug, 2023 05:54am

Letters

Re-election considerations have clear precedence over…

It is true that a picture is always worth a thousand words. What is also true is that sometime multiple ideas, ...

Published 03 Aug, 2023 05:54am

Stocks

US debt downgrade knocks European stocks to two-week lows

PARIS: European shares tumbled to two-week lows on Wednesday, with broad-based losses as investors fled riskier...

Published 03 Aug, 2023 05:54am

Stocks

China, HK stock rally fades as Beijing’s incremental support disappoints

BEIJING: Aug 2 (Reuters) - China and Hong Kong stocks pulled back on Wednesday after a recent rally that was spurred...

Published 03 Aug, 2023 05:54am

Stocks

Wall St falls after Fitch downgrades US rating

NEW YORK: Wall Street fell on Wednesday after rating agency Fitch’s move to downgrade the US government’s credit...

Published 03 Aug, 2023 05:54am

Pakistan

Caretaker PM, set-up: Shehbaz contacts Nawaz, Zardari on proposed names

ISLAMABAD: Prime Minister Shehbaz Sharif contacted Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif and...

Published 03 Aug, 2023 05:54am

Pakistan

UNDP official meets Dar

ISLAMABAD: Dr Samuel Rizk, Resident Representative UNDP called on Federal Minister for Finance and Revenue Senator...

Published 03 Aug, 2023 05:54am

Pakistan

Looming threat of flood: Punjab CM reviews arrangements

LAHORE: The caretaker Chief Minister Syed Mohsin Naqvi chaired a meeting here Wednesday which focused on assessing...

Published 03 Aug, 2023 05:54am

Opinion

PARTLY FACETIOUS: Consensus is to appoint a ‘guided missile’

“I heard that your suggestion of Captain Safdar (retired) as the caretaker prime minister was rejected by all, and...

Published 03 Aug, 2023 05:54am

Pakistan

Plight of small farmers of Balochistan, Sindh: FIO praises President for showing empathy, understanding

LAHORE: President Dr Arif Alvi and Federal Insurance Ombudsman (FIO) Dr Khawar Jamil ensured the extension of crop...

Published 03 Aug, 2023 05:54am

Pakistan

Rising terrorism: Senators seek briefing from military top brass in camera

ISLAMABAD: The senators belonging to both the opposition and the treasury benches on Wednesday expressed serious...

Published 03 Aug, 2023 05:54am

Pakistan

Hearing adjourned to today for final arguments: Witnesses’ list submitted by IK in Toshakhana case rejected

ISLAMABAD: A local court on Wednesday rejected the list of witnesses submitted by the Pakistan Tehreek-e-Insaf (PTI)...

Published 03 Aug, 2023 05:54am

Pakistan

Contempt case: ECP defers hearing of IK’s indictment till 22nd

ISLAMABAD: The Election Commission of Pakistan (ECP) on Wednesday deferred the hearing of Pakistan Tehreek-e-Insaf...

Published 03 Aug, 2023 05:54am

Pakistan

Karachi: power minister vows to end power woes

KARACHI: Federal Minister for Energy Khurram Dastgir on Wednesday said the concerns of the citizens of Karachi...

Published 03 Aug, 2023 05:54am

Pakistan

Six more killed, 15 injured due to floods: NDMA

ISLAMABAD: The devastating floods triggered by monsoon rains have wreaked more havoc in the country as in the past ...

Published 03 Aug, 2023 05:54am

Pakistan

PLA, Pakistan Army are brothers in arms: COAS

ISLAMABAD: Chief of Army Staff (COAS), General Syed Asim Munir on Wednesday said the People’s Liberation Army...

Published 03 Aug, 2023 05:54am

Pakistan

Bajaur suicide bombing death toll rises to 63

PESHAWAR: The death toll from a suicide bombing in Bajaur that targeted a religious group’s rally has risen to 63...

Published 03 Aug, 2023 05:54am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (August...

Published 03 Aug, 2023 05:54am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 03 Aug, 2023 05:54am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (August 02, 2023)....

Published 03 Aug, 2023 05:54am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (August 02, 2023). ======================== Open Bid...

Published 03 Aug, 2023 05:54am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (August 02, 2023). ======================================= Offset...

Published 03 Aug, 2023 05:54am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 02, 2023)...

Published 03 Aug, 2023 05:54am

Commodities

Gold retreats as US dollar, bond yields resume climb

NEW YORK: Gold prices slipped on Wednesday as the dollar rose and bond yields strengthened after data showed US...

Published 03 Aug, 2023 05:54am

Commodities

Palm oil closed up on weaker ringgit

JAKARTA: Malaysian palm oil futures closed up on Wednesday after six straight sessions of losses, underpinned by a...

Published 03 Aug, 2023 05:54am

Energy

Oil prices fall despite record US crude stock drawdown

NEW YORK: Oil prices fell on Wednesday after sharp gains despite a historic drop in US crude stocks, as traders...

Published 03 Aug, 2023 05:54am

Commodities

Copper extends losses on stronger dollar

LONDON: Copper prices extended losses in London on Wednesday as stronger US dollar as well as weak manufacturing ...

Published 03 Aug, 2023 05:54am

Cotton & Textile

Spot rate unchanged amid improved activity

LAHORE: The Karachi Cotton Association (KCA) on Wednesday kept the cotton spot rate unchanged at Rs 17,935 per ...

Published 03 Aug, 2023 05:54am

Cotton & Textile

Cotton spot rates

KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 02, 2023)...

Published 03 Aug, 2023 05:54am

Rates

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port Trust handled 185,805 tonnes of cargo comprising 115,831 tonnes of import cargo and 69,974...

Published 03 Aug, 2023 05:54am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 18.169...

Published 03 Aug, 2023 05:54am

Commodities

India sugar output may fall on weak rains

MUMBAI: India’s sugar production could fall 3.3% to 31.7 million metric tonnes in the 2023/24 marketing year, ...

Published 03 Aug, 2023 05:54am

Commodities

Paris wheat futures lower

PARIS: Euronext wheat futures turned weaker on Wednesday as supply fears sparked by a Russian strike against a ...

Published 03 Aug, 2023 05:54am

Energy

US natgas prices fall on forecasts for lower

NEW YORK: US natural gas futures fell around 3% on Tuesday on forecasts for less demand over the next two weeks than...

Published 03 Aug, 2023 05:54am

Commodities

Dalian coking coal at over 3-month high as rains disrupt supply

BEIJING: Dalian coking coal futures climbed on Wednesday to their highest levels in more than three months, as ...

Published 03 Aug, 2023 05:54am

Commodities

Japanese rubber futures slump deepens on weak factory activity, strong yen

SINGAPORE: Japanese rubber futures fell further on Wednesday, as slowing factory activity and a firm yen outweighed...

Published 03 Aug, 2023 05:54am

Commodities

Gold prices grow by Rs800 per tola

KARACHI: Gold on Wednesday regained a sizeable value but silver remained firm on the local market, traders said. ...

Published 03 Aug, 2023 05:54am

Energy

Transfer of DISCOs to provinces: PC asks govt to revisit uniform tariff

ISLAMABAD: The Privatisation Commission has proposed the government to revisit the uniform tariff prior to the...

Published 03 Aug, 2023 05:54am

Rates

Index hits 6-year high

KARACHI: A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local and foreign...

Published 03 Aug, 2023 05:54am

Taxes

China releases package of tax relief measures to support small firms

BEIJING: China’s finance ministry on Wednesday unveiled a package of tax relief measures to support small...

Published 03 Aug, 2023 05:54am

Business & Finance

July oil sales down 6pc to 1.35MTs YoY

KARACHI: Pakistan’s oil sales in July 2023 clocked in at 1.35 million tons, down 6.0 percent on YoY and flat on...

Published 03 Aug, 2023 05:54am

Money & Banking

BOK signs MoU with C&W Peshawar

PESHAWAR: The Bank of Khyber (BOK) - Raast Islamic Banking Group and the Communications and Works Department...

Published 03 Aug, 2023 05:54am

Industry

Three-day TDAP’s ‘FoodAg2023’ exhibition starts on 10th

KARACHI: Pakistan’s 1st International Food and Agriculture Exhibition to be held on August 10-12’2023. The...

Published 03 Aug, 2023 05:54am

Money & Banking

Dollar shrugs off Fitch’s US downgrade

NEW YORK: The dollar rose on Wednesday as investors shrugged off Fitch’s US credit rating downgrade while data...

Published 03 Aug, 2023 05:54am

Industry

Color & Chem expo to be held on 19th

LAHORE: Pakistan’s largest and exclusive two-day exhibition of dyes, chemicals & allied industry, 8th Color...

Published 03 Aug, 2023 05:54am

Industry

German CG visits FPCCI: ‘DIHK likely to establish its office in Pakistan’

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has informed that in a landmark development, Rudiger Lotz, Consul...

Published 03 Aug, 2023 05:54am

Industry

Mian Zahid hopes parties will consider caretaker PM issue amicably

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 03 Aug, 2023 05:54am

Industry

Yousaf Shah reinstated as EC Member LCCI

LAHORE: Mohammad Yousaf Shah has been reinstated as an Executive Committee Member of the Lahore Chamber of Commerce...

Published 03 Aug, 2023 05:54am

Business & Finance

Oilseed crops: Official for increasing cultivation area to reduce $4bn import bill

LAHORE: Increasing area under cultivation of oilseed crops is essential to cut down the annual US$4 billion import...

Published 03 Aug, 2023 05:54am

Industry

US diplomat visits PCJCCI, discusses ties with Pakistan, China

LAHORE: Shahid Ahmed Khan, Advisor to the United States president has invited a delegation of China and Pakistan to...

Published 03 Aug, 2023 05:54am

Business & Finance

AKFED informs HBL of intention to get more shares

KARACHI: M/s. Aga Khan Fund for Economic Development (AKFED) has informed Habib Bank Limited (HBL) of its intention...

Published 03 Aug, 2023 05:54am

Business & Finance

Driven by historic growth in current deposits: MCB Bank posts highest-ever half yearly PBT of Rs53.84bn

LAHORE: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the chairmanship of Mian Mohammad...

Published 03 Aug, 2023 05:54am

Business & Finance

July textile exports down 15pc to $1.31bn YoY

ISLAMABAD: The country’s textile exports registered a decline of 15 percent and remained $1.31 billion during July...

Published 03 Aug, 2023 05:54am

Business & Finance

Fitch cuts US credit rating to AA+

WASHINGTON: Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an...

Published 03 Aug, 2023 05:54am

Companies

PTCL Group introduces 6 months maternity & 30 days paternity leaves

KARACHI: Pakistan’s largest telecommunication and integrated ICT services provider, PTCL Group (PTCL & Ufone...

Published 03 Aug, 2023 05:54am

Currency	Rate
USD PKR Interbank Selling / Aug 13	277.85
USD PKR Interbank Buying / Aug 13	277.65
USD to Japanese Yen / Aug 14	159.32
USD to Swiss Franc / Aug 14	0.81
Pound Sterling to USD / Aug 14	1.35
Euro to USD / Aug 14	1.16
SOFR % / Aug 14	3.63

Stock	Volume
S&P 500 / Aug 14	7,785.76
India Sensex / Aug 14	78,009.25
Tokyo Nikkei / Aug 14	68,713.80
Nasdaq / Aug 14	26,729.16
Hang Seng / Aug 14	25,116.85
FTSE 100 / Aug 14	10,750.11
Dow Jones / Aug 14	53,732.41
Germany DAX 30 / Aug 14	26,440.31
France CAC40 / Aug 14	8,636.80

Item	Value
Karachi Cotton PKR/37.32 KG / Aug 13	18,580
Gold 10 Grams PKR / Aug 13	394,749
Crude Oil USD/Barrel / Aug 14	82.40
Gold Spot USD/Ounce / Aug 14	4,376.40
Cotton US¢/pound / Aug 14	84.80
Petrol/Litre / Aug 15	325.43
Diesel/Litre / Aug 15	383.95

Stock	Price
Gammon Pak / Aug 13 Gammon Pakistan Limited(GAMON)	28.25 ▲ 2.57 (10.01%)
Ideal Dynamics / Aug 13 Ideal Dynamics Limited(IDEAL)	49.13 ▲ 4.47 (10.01%)
Leather Up Ltd. / Aug 13 Leather Up Limited(LEUL)	49.58 ▲ 4.51 (10.01%)
Al-Khair Gadoon / Aug 13 Al-Khair Gadoon Limited(AKGL)	79.51 ▲ 7.23 (10%)
Arctic Textile / Aug 13 Arctic Textile Mills Limited(ARCTM)	47.19 ▲ 4.29 (10%)
Aisha Steel (CPS) / Aug 13 Aisha Steel Mills Limited (CPS)(ASLCPS)	114.83 ▲ 10.44 (10%)
Asim Textile / Aug 13 Asim Textile Mills Limited(ASTM)	90.50 ▲ 8.23 (10%)
Buxly Paints / Aug 13 Buxly Paints Limited(BUXL)	336.04 ▲ 30.55 (10%)
J.A.Textile / Aug 13 J.A. Textile Mills Limited(JATM)	68.84 ▲ 6.26 (10%)
MACPAC Films / Aug 13 MACPAC Films Limited(MACFL)	73.07 ▲ 6.64 (10%)

Stock	Price
Supernet Tech. / Aug 13 Supernet Technologies Limited(STL)	29.87 ▼ -11.86 (-28.42%)
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	13.56 ▼ -1.51 (-10.02%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	20.71 ▼ -2.3 (-10%)
Mughal Energy / Aug 13 Mughal Energy Limited(GEM)(GEMMEL)	27.20 ▼ -2.72 (-9.09%)
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	5.11 ▼ -0.46 (-8.26%)
Tri-Star Mutual / Aug 13 Tri-Star Mutual Fund Limited(TSMF)	17.14 ▼ -1.43 (-7.7%)
Asia Ins. / Aug 13 Asia Insurance Company Limited(ASIC)	39.82 ▼ -3.18 (-7.4%)
ARM Green Industries / Aug 13 ARM Green Industries Limited(ARMG)	55.60 ▼ -4.43 (-7.38%)
Shadman Cotton / Aug 13 Shadman Cotton Mills Limited(SHCM)	64.02 ▼ -4.9 (-7.11%)
Pak Tobacco / Aug 13 Pakistan Tobacco Company Limited(PAKT)	1,364.29 ▼ -96.5 (-6.61%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	247,072,281 ▲ 0.57
Beco Steel Ltd / Aug 13 Beco Steel Limited(BECO)	103,802,064 ▼ -0.46
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	40,235,369 ▲ 5.93
D.S. Ind. Ltd. / Aug 13 D.S. Industries Limited(DSIL)	39,092,471 ▼ -1.51
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	26,025,744 ▲ 0.01
Thatta Cement / Aug 13 Thatta Cement Company Limited(THCCL)	19,608,245 ▲ 3.36
B.O.Punjab / Aug 13 The Bank of Punjab(BOP)	16,204,913 ▲ 0.18
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	15,337,298 ▼ -0.48
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	15,140,554 ▼ -0.31
TPL Corp Ltd / Aug 13 TPL Corp Limited(TPL)	14,138,754 ▲ 0.53