News Archives for Latest - 2023-08-17

Europe

Ukraine tells military-age citizens to 'overcome their fear' in recruitment campaign

KYIV: Ukraine’s defence ministry urged military-age citizens to update their data at army enlistment offices and...

Updated 17 Aug, 2023 11:46pm

World

Putin not pushing Belarus to enter war with Ukraine, says Lukashenko

Russian President Vladimir Putin is not trying to push Belarus into joining the war in Ukraine, Belarusian President...

Published 17 Aug, 2023 11:00pm

Pakistan

Both main accused in Jaranwala riot now in CTD custody: Naqvi

Over 100 people suspected of being involved in the rioting have been arrested, the government statement says, adding that an inquiry has also been ordered into the incident

Updated 17 Aug, 2023 10:55pm

World

North Korea blasted at UN for arms buildup while people suffer

UNITED NATIONS: North Korea was accused in the UN Security Council Thursday of spending heavily on its nuclear arms...

Published 17 Aug, 2023 10:42pm

Pakistan

Dr Shamshad vows all obligations, including those with IMF, will be fulfilled

Statement from Finance Division comes as caretaker minister assumes charge on Thursday

Published 17 Aug, 2023 10:50pm

Pakistan

Senior MQM-P leader Kanwar Naveed Jamil passes away

The former lawmaker passed away after a prolonged illness of brain hemorrhage

Published 17 Aug, 2023 09:44pm

Perspectives

Global travel demand: short-lived or will the trend sustain?

Amid challenge of climate change, there is definitely going to be talk on 'sustainable tourism'

Updated 17 Aug, 2023 09:34pm

Pakistan

'Extremely tragic and intolerable': COAS condemns Jaranwala incident

Army chief says there is no space for such incidents of intolerance and extreme behavior by any segment of the society against anyone

Published 17 Aug, 2023 09:25pm

Stocks

London stocks slip on defence drag, hawkish Fed minutes

UK’s FTSE 100 fell for a fifth straight session on Thursday, hurt by a sell-off in defence stocks, while investors...

Published 17 Aug, 2023 09:24pm

Energy

Oil rises as China seeks to soothe economic woes; strong travel demand

HOUSTON: Oil prices rose more than 1% on Thursday, after falling for three straight days, as U.S. gasoline stocks...

Updated 17 Aug, 2023 09:21pm

Europe

Only Ukraine can decide peace terms with Russia: NATO boss

OSLO: Only Ukraine can decide the terms of a possible peace negotiation with Russia, NATO chief Jens Stoltenberg...

Published 17 Aug, 2023 09:04pm

Pakistan

President Alvi administers oath to caretaker PM Kakar’s cabinet

Dr Shamshad Akhtar given portfolio of finance, Dr Gohar Ejaz becomes caretaker commerce and industry minister

Updated 17 Aug, 2023 09:00pm

Commodities

Gold prices increase Rs1,200 per tola in Pakistan

Price of 24-carat gold settles at Rs225,000 per tola in local market

Published 17 Aug, 2023 08:50pm

Europe

Ukraine receives new air defence systems from Berlin

KYIV: Ukraine said Thursday that it had received new IRIS-T anti-aircraft systems from Germany, as it looks to...

Published 17 Aug, 2023 08:49pm

Forex

Rupee stable against dollar at 294.92 in inter-bank market

Currency improves Re0.01 on Thursday

Updated 17 Aug, 2023 08:41pm

Stocks

KSE-100 increases 179 points after late-session buying

The KSE-100 Index finished with a 0.37% increase on Thursday as late-session buying helped erase intra-day...

Published 17 Aug, 2023 08:29pm

Forex

SBP-held foreign exchange reserves increase $12mn, now stand at $8.06bn

After falling for three straight weeks, reserves get minor boost

Published 17 Aug, 2023 08:24pm

Movies & Music

Britney Spears, Sam Asghari head for divorce: media

LOS ANGELES: Britney Spears and her model husband Sam Asghari are heading for a divorce after 14 months of marriage,...

Published 17 Aug, 2023 08:06pm

Forex

Dollar seeks direction after hitting two-month high, Norwegian crown gets boost

WASHINGTON/LONDON: The dollar index was off a two-month high Thursday after Federal Reserve meeting minutes left the...

Published 17 Aug, 2023 08:02pm

Pakistan

ECP sets deadline for political parties to submit financial statements for 2022-23

Statement should include details on annual income, expenses, fund sources, as well as assets and liabilities, electoral watchdog directive says

Updated 17 Aug, 2023 07:57pm

Stocks

US stocks edge up as investors assess rate hike risks

NEW YORK: Wall Street stocks rebounded slightly early on Thursday, following positive earnings results by major...

Published 17 Aug, 2023 07:42pm

Middle East

UK’s Sunak and Saudi’s MBS vow to meet in person soon

LONDON: Rishi Sunak and Mohammed bin Salman spoke on Thursday and pledged to meet soon, Downing Street said, after...

Published 17 Aug, 2023 07:32pm

Pakistan

Elections within 90 days unlikely as ECP decides to go for fresh delimitation

The Election Commission of Pakistan (ECP) on Thursday decided to conduct a fresh delimitation of constituencies,...

Published 17 Aug, 2023 07:24pm

Business & Finance

Walmart raises 2024 forecast after ‘strong’ quarter

NEW YORK: Walmart raised its full-year forecast on Thursday following a jump in quarterly profits, pointing to solid...

Published 17 Aug, 2023 06:14pm

Commodities

India considers wheat imports from Russia at discount to calm prices

DELHI/MUMBAI: India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to...

Updated 17 Aug, 2023 06:05pm

Companies

Sitara Peroxide looks to ‘generate funds through various sources’ as shutdown bites

Pakistan's chemical manufacturer announced extending its plant shutdown for three weeks a day ago

Updated 17 Aug, 2023 05:50pm

Business & Economy

Chaudhry Zulfiqar Ali Anjam nominated as member of newly-formed National Investment Board

MULTAN: Chaudhry Zulfiqar Ali Anjam, the chairman of industrialists’ groups including Volka Food International,...

Published 17 Aug, 2023 05:48pm

Cricket

New Zealand to play ODIs in Bangladesh before World Cup

DHAKA: The Bangladesh Cricket Board confirmed on Thursday that the New Zealand cricket team will play three one-day...

Published 17 Aug, 2023 05:09pm

South Asia

Indian lunar lander splits from propulsion module in key step

NEW DELHI: India’s latest space mission completed a key step in the country’s second attempt at a lunar landing,...

Published 17 Aug, 2023 05:06pm

Middle East

Iran FM in Riyadh for first Saudi visit since ties restored

TEHRAN: Iranian Foreign Minister Hossein Amir-Abdollahian arrived Thursday in Riyadh, his first official Saudi trip...

Updated 17 Aug, 2023 05:02pm

Middle East

Israel says US okays ‘landmark’ missile defence deal with Germany

JERUSALEM: Israel said the United States on Thursday approved the “landmark” sale of the Arrow 3 hypersonic missile...

Published 17 Aug, 2023 04:57pm

Europe

Ship from Ukraine port nears Turkiye despite Russian blockade

ISTANBUL: A civilian cargo vessel sailing from Ukraine in defiance of a Russian blockage was hugging the coast of...

Published 17 Aug, 2023 04:50pm

Markets

Baluchistan Wheels shuts production till September amid drop in sales

Baluchistan Wheels Limited (BWHL), a manufacturer of steel wheels for automobiles, has said it will shut production...

Published 17 Aug, 2023 04:39pm

Travel

Dubai best destination for hybrid workers: real estate firm Savills

Real estate firm Savills Plc named Dubai as particularly appealing to long-term remote workers after it ranked 20...

Published 17 Aug, 2023 04:33pm

Asia

South Korea’s Yoon heads to US for summit with Biden, Kishida

SEOUL: South Korean President Yoon Suk Yeol departed for the United States on Thursday for a summit with US and...

Published 17 Aug, 2023 03:56pm

Europe

UK’s ‘king of the chat show’ Michael Parkinson dies aged 88

LONDON: British broadcaster Michael Parkinson, best known for interviewing some of the world’s biggest celebrities...

Published 17 Aug, 2023 03:54pm

Companies

Engro Corporation’s half-year profit up 28%

Pakistan’s conglomerate Engro Corporation Limited (ENGRO) posted a Profit After Tax (PAT) of Rs21.47 billion for the...

Published 17 Aug, 2023 03:53pm

Money & Banking

Allied Bank’s earnings jump in 2QCY23

Allied Bank (ABL) posted a profit-after-tax of Rs9.95 billion in the second quarter of 2023 (April-June), a growth...

Published 17 Aug, 2023 03:36pm

Pakistan

Carrefour launches transformative Retail Graduate Programme

ISLAMABAD: Majid Al Futtaim Retail, owner and operator of Carrefour in Pakistan, announced the launch of its...

Updated 17 Aug, 2023 02:19pm

Stocks

Major Gulf markets subdued on worries over China, US rates

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

Published 17 Aug, 2023 02:17pm

Technology

Russia fines Google for not deleting ‘fake information’ about Ukraine conflict

MOSCOW: Russia on Thursday fined Alphabet’s Google 3 million roubles ($31,845) for not deleting what it said was...

Published 17 Aug, 2023 02:10pm

Arts

British Museum sacks member of staff over missing and stolen items

LONDON: The British Museum said on Wednesday a member of staff had been dismissed after items from its collection,...

Published 17 Aug, 2023 01:54pm

Stocks

Hong Kong stocks end flat

HONG KONG: Hong Kong shares finished marginally lower Thursday on bargain-buying after a run of losses, though...

Updated 17 Aug, 2023 01:37pm

Europe

Kyiv’s forces to liberate all Ukraine, regardless of timeframe: Kuleba

KYIV: Ukraine’s military will liberate all territory occupied by Russian forces regardless of how long it takes,...

Published 17 Aug, 2023 01:34pm

Stocks

Australian shares hit over one-month low on US rate hike jitters

Australian shares ended at a more than one-month low on Thursday, led by losses in the financial index, as the...

Updated 17 Aug, 2023 01:26pm

Stocks

Japan’s Nikkei falls on Fed rate hike prospects, China recovery concerns

TOKYO/SINGAPORE: Japan’s Nikkei share average ended just above a 2-1/2-month low on Thursday, as concerns over...

Updated 17 Aug, 2023 01:08pm

Forex

South African rand flat as business confidence index due

JOHANNESBURG: The South African rand was little changed in early trade on Thursday before the release of business...

Published 17 Aug, 2023 01:05pm

Stocks

European shares fall as BAE drags defence firms, Fed minutes sour sentiment

European shares fell on Thursday, dragged by BAE Systems after it agreed to buy Ball Corp’s aerospace business,...

Published 17 Aug, 2023 12:55pm

Stocks

FTSE 100 falls at open on BAE drag, hawkish Fed minutes

UK’s FTSE 100 fell at open on Thursday driven by declines in defence stocks after BAE Systems slipped, while global...

Published 17 Aug, 2023 12:53pm

Business & Finance

Dubai’s DP World posts 10% fall in H1 profit, flags uncertain trade outlook

DUBAI: Dubai’s state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year...

Published 17 Aug, 2023 12:38pm

Technology

China slowdown creates cheap thrills for Tencent

HONG KONG: China’s economic woes have gifted Tencent an unexpected silver lining. The $400 billion technology titan...

Published 17 Aug, 2023 12:32pm

Financial

PayPal to halt UK crypto sales until 2024

LONDON: Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from...

Published 17 Aug, 2023 12:27pm

Sports

Kohli is the solution to India’s No 4 concerns, says Shastri

NEW DELHI: Fielding Virat Kohli at number four could address India’s long-standing concerns about a settled batter...

Published 17 Aug, 2023 12:21pm

Europe

EU funding for Russia and Belarus reallocated towards Ukraine and Moldova

BRUSSELS: The EU transferred 135 million euros ($147 million) initially allocated for programs with Russia and...

Published 17 Aug, 2023 12:17pm

Forex

Rouble weakens past 95 vs dollar amid capital controls speculation

The Russian rouble weakened past 95 against the dollar on Thursday, in a volatile week filled with speculation over...

Published 17 Aug, 2023 12:15pm

Commodities

LME copper drops to 11-week low as dollar hits two-month high

Copper prices in London fell to a 11-week low on Thursday, as a firm dollar made greenback-priced metals more...

Published 17 Aug, 2023 12:13pm

Africa

West African army chiefs to meet for Niger talks

West African army chiefs will meet on Thursday in Ghana’s capital Accra to discuss a possible military intervention...

Published 17 Aug, 2023 12:12pm

South Asia

WHO holds first traditional medicine summit

NEW DELHI: The World Health Organization holds its first summit on traditional medicine on Thursday, with warnings...

Published 17 Aug, 2023 11:04am

Sports

England eye ‘incredible’ chance to end 57-year World Cup drought

SYDNEY: Skipper Millie Bright said her team were embracing an “incredible opportunity” to do something an English...

Published 17 Aug, 2023 10:53am

Europe

Spain’s parliament opens with Catalan separatists in focus

MADRID: Spain’s parliament reconvenes on Thursday after an inconclusive July general election, with all eyes on...

Published 17 Aug, 2023 10:50am

Sports

Djokovic enjoys stress-free win in US return at Cincinnati

Novak Djokovic enjoyed a stress-free return to US competition following a two year absence, after second-round...

Published 17 Aug, 2023 10:42am

Sports

Swiatek cruises past Collins, Pegula survives test

Iga Swiatek made quick work of qualifier Danielle Collins as she raced to a 6-1 6-0 victory on Wednesday to reach...

Published 17 Aug, 2023 10:39am

Technology

Pakistan’s e-commerce giant Daraz pivots, is now also offering used electronics

Launches 'Daraz Like New' section on platform

Published 17 Aug, 2023 10:24am

Financial

India to take medium-term view to curb inflation

BENGALURU: India will take a medium-term view to intensify efforts to ease inflation pressures and avoid any...

Published 17 Aug, 2023 10:28am

World

Canadian wildfire threatens towns, govt orders evacuations

YELLOWKNIFE: Canadian officials ordered the evacuation of the Northwest Territories’ capital of Yellowknife and...

Published 17 Aug, 2023 10:25am

Business & Finance

Japan exports fall for first time since 2021, stoking concerns about outlook

TOKYO: Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for...

Published 17 Aug, 2023 10:21am

Business & Finance

China to set up solar, wind recycling system as waste volumes surge

SINGAPORE: China, the world’s biggest renewable equipment manufacturer, will set up a recycling system for ageing...

Published 17 Aug, 2023 10:19am

Energy

Abu Dhabi’s ADNOC Gas signs 5-year LNG supply deal with Japex

TOKYO: Abu Dhabi’s ADNOC Gas said on Thursday it has signed a five-year deal to supply liquefied natural gas (LNG)...

Published 17 Aug, 2023 10:17am

Europe

Russia’s FSB foils attack in Siberian uranium-enriching town

Russia’s Federal Security Service (FSB) said on Thursday it had thwarted a planned attack on communications stations...

Published 17 Aug, 2023 10:15am

Ex-governor of SBP Akhtar appointed finance minister

KARACHI: Former governor of the State Bank of Pakistan (SBP) Dr Shamshad Akhtar has been appointed caretaker finance...

Updated 17 Aug, 2023 10:11am

Asia

Japan mothers’ group fears Fukushima water release could revive health concerns

IWAKI: Waves crashing on a Japanese beach lashed a man and a woman wearing waders and hats as they demonstrated the...

Published 17 Aug, 2023 10:03am

BR Research

Shell Pakistan in 1HCY23

Shell Pakistan Limited (PSX: SHEL) ann-ounced its financial performance for the first half of 2023 where the...

Published 17 Aug, 2023 10:01am

Sports

Matildas to look back in pride after thrilling host nation

MELBOURNE: Australia bowed out of the Women’s World Cup title race with the sting of a lost opportunity against...

Published 17 Aug, 2023 09:59am

BR Research

‘Why don’t they eat mutton?’

Since June 2022, animal feed prices have declined by an average of 25 percent globally, in particular for...

Published 17 Aug, 2023 09:59am

Forex

Indian rupee at risk of falling to record low on surging US yields

MUMBAI: The Indian rupee on Thursday is expected to open just shy of its record low in the wake of a further rise in...

Published 17 Aug, 2023 09:54am

Financial

Indian central bank likely sold dollars to keep rupee from record low

MUMBAI: The Reserve Bank of India likely sold dollars via public sector banks to ensure that the rupee did not fall...

Published 17 Aug, 2023 09:53am

Commodities

Palm oil slips after two-day climb, weak ringgit supports

KUALA LUMPUR: Malaysian palm oil futures slipped on Thursday after hitting a 12-day high in the previous session,...

Published 17 Aug, 2023 09:49am

BR Research

Waves Corporation Limited

Waves Corporation Limited (previously known as Waves Singer Pakistan Limited) (PSX: WAVES) is incorporated in...

Published 17 Aug, 2023 09:49am

Stocks

Asian stocks hit 9-month lows on worries over China economy, US rates

SINGAPORE: Asian shares slid to nine-month lows on Thursday, while the dollar was at two-month peak as fears over...

Published 17 Aug, 2023 09:48am

Bullion Rate

Gold at 5-month low as rallying US yields bolster dollar

Gold prices touched five-month lows on Thursday, as the US dollar and Treasury yields gained momentum after recent...

Published 17 Aug, 2023 09:46am

PM sounds very optimistic about SIFC

Ambassador of Saudi Arabia to Pakistan Nawaf bin Said Al-Malki calls on caretaker PM

Updated 17 Aug, 2023 09:45am

Forex

Australia, NZ dollars skid to 9-month lows as jobs data disappoint

SYDNEY: The Australian and New Zealand dollars slid to nine-month lows on Thursday as local jobs data surprised to...

Published 17 Aug, 2023 09:43am

Date for elections: SCBA urges SC to issue directives to ECP

ISLAMABAD: The Supreme Court has been urged to direct the Election Commission of Pakistan (ECP) to forthwith...

Updated 17 Aug, 2023 09:39am

Stocks

Indian shares open lower amid risk aversion in global equities

BENGALURU: Indian shares opened marginally lower on Thursday, tracking weakness in Asian peers on worries over...

Published 17 Aug, 2023 09:38am

Forex

Dollar shines on US economic resilience; Aussie tumbles after employment data

SINGAPORE: The dollar pushed the yen deeper into intervention territory on Thursday as a resilient US economy...

Published 17 Aug, 2023 09:35am

Newly-created MCCs: Powers, jurisdiction of Customs Collectors enhanced

ISLAMABAD: The Federal Board of Revenue (FBR) has enhanced the powers and jurisdiction of the Chief Collectors of...

Updated 17 Aug, 2023 09:30am

Mutual Funds

India’s 10-year bond yield tops 7.25%; elevated US peers, local CPI weigh

MUMBAI: Indian government bonds resumed trading with a gap opening in yields on Thursday, as a consistent rise in US...

Published 17 Aug, 2023 09:29am

Jalil Abbas Jilani to become foreign minister?

ISLAMABAD: Former foreign secretary Jalil Abbas Jilani has been picked to be the foreign minister in the interim...

Updated 17 Aug, 2023 09:29am

Urea requirement for Rabi season: ECC allows 2 SNGPL-based plants to run till Mar 31

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL)-based plants, ie, Fatima Fertilizer (Sheikhupura) and...

Updated 17 Aug, 2023 09:27am

Technology

Lenovo Q1 revenue misses, hit by poor PC demand

HONG KONG: China’s Lenovo Group on Thursday posted a worse-than-expected 24% fall in revenue for the April-June...

Published 17 Aug, 2023 09:25am

Punjab education sector: $300m project rated as ‘highly relevant’ by WB wing

ISLAMABAD: The Independent Evaluation Group (IEG) of the World Bank has rated the “Third Punjab Education Sector...

Updated 17 Aug, 2023 09:07am

Gohar Ejaz may become commerce minister

ISLAMABAD: The caretaker government is likely to appoint leading businessman Dr Gohar Ejaz as caretaker Federal...

Updated 17 Aug, 2023 09:06am

SECP strikes down ‘illegal’ personal loan applications

ISLAMABAD: In order to safeguard the public from falling into debt traps of illegal loan apps, the Securities and...

Updated 17 Aug, 2023 08:48am

NA Speaker says polls not possible within 90 days

ISLAMABAD: National Assembly Speaker Raja Pervaiz Ashraf said on Wednesday that the general elections cannot be held...

Updated 17 Aug, 2023 08:44am

BR’s refresher: your morning briefing for the day

Important updates from August 16, 2023

Published 17 Aug, 2023 08:44am

Pakistan

PM says ‘gutted’ by violence

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday said that he was “gutted” by the visuals coming...

Updated 17 Aug, 2023 08:43am

Opinion

Effective electricity regulation

To effectively regulate the energy sector, processes for licensing, determining tariffs, monitoring, and enforcing...