News Archives for Latest - 2023-08-21

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Archive - 2023-08-21

Pakistan

President neither assented nor gave written approval for returning army, secrets bills: secretary

Secretary says he neither delayed the two bills nor committed any irregularity or negligence

Published 21 Aug, 2023 11:26pm

World

Biden to survey Maui wildfire damage, speak to survivors

AIR FORCE ONE: US President Joe Biden's duty as consoler in chief will be put to the test on Monday as he visits...

Published 21 Aug, 2023 11:06pm

World

Netanyahu says recent attacks on Israelis are backed by Iran

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu said on Monday that a series of recent deadly attacks against...

Published 21 Aug, 2023 10:50pm

Europe

Ukraine lines up destroyed Russian tanks in central Kyiv

KYIV: Ukraine lined up the burnt-out husks of Russian tanks and fighting vehicles along the capital Kyiv's central...

Published 21 Aug, 2023 10:41pm

Pakistan

Pakistan, Saudi Arabia sign agreement to enhance aviation cooperation

Pakistan and Saudi Arabia have signed an Air Services Agreement to enhance cooperation in the aviation sector and...

Published 21 Aug, 2023 10:23pm

Europe

Rise in Turkish inflation temporary: Erdogan

ISTANBUL: Turkey's President Tayyip Erdogan said on Monday the rise in inflation is temporary and the government is...

Published 21 Aug, 2023 10:33pm

Stocks

Stocks struggle as China rate cut fails to ease worries

LONDON: European and US stocks struggled to rebound on Monday while Asian markets ended mixed after a Chinese rate...

Published 21 Aug, 2023 09:52pm

Forex

Rupee remains under pressure, settles at 297.13 against US dollar

Currency depreciates 0.45% in inter-bank market, is nearing all-time historic low

Updated 21 Aug, 2023 09:51pm

Stocks

KSE-100 sees bloodbath, down 771 points on lack of positive triggers

Analysts say political uncertainty alongside significant current account deficit in July dent investor confidence

Updated 21 Aug, 2023 09:45pm

Europe

Zelensky says ‘confident Russia will lose this war’

COPENHAGEN: Ukrainian President Volodymyr Zelensky said Monday he was “confident” Russia would lose the war in...

Updated 21 Aug, 2023 09:43pm

World

Biden considers meeting Saudi Arabia’s Mohammed bin Salman at G20

U.S. President Joe Biden is considering meeting with Saudi Crown Prince Mohammed bin Salman on the sidelines of next...

Updated 21 Aug, 2023 09:42pm

Pakistan

Caretaker PM visits Jaranwala, expresses solidarity with Christian community

Premier says government does not support majoritarianism and is fully cable of protecting its citizens

Updated 21 Aug, 2023 09:39pm

Pakistan

President’s Secretariat seeks replacement of Alvi’s secretary

Development comes a day after President Alvi blamed his staff for undermining his will and command

Updated 21 Aug, 2023 09:37pm

Pakistan

Jailed ex-prime minister Imran Khan faces charges over state secrets

Investigation is collecting evidence to stand a case in a court to indict Imran Khan on charges of leaking official secrets, says security source who is directly responsible for the investigation

Updated 21 Aug, 2023 09:35pm

Pakistan

Cipher case: Special court grants FIA 4-day remand of PTI’s Qureshi

Shah Mahmood Qureshi was arrested on Saturday under Sections 5 and 9 of the Official Secrets Act, 1923

Updated 21 Aug, 2023 09:31pm

Pakistan

CJP Bandial forms bench to hear PTI chief's appeal against Toshakhana case proceedings

The bench led by the CJP will also include Justice Sayyed Mazahar Ali Akbar Naqvi and Justice Jamal Khan Mandokhail

Updated 21 Aug, 2023 09:28pm

Europe

Russia’s space agency head vows to continue Moon race

MOSCOW: The chief of the Russian space agency Roscosmos on Monday advocated for Russia to stay in the lunar race, a...

Published 21 Aug, 2023 09:22pm

Pakistan

Session Judge report reveals condition of Imran Khan’s cell in Attock Jail

The judge writes that Imran also complained his lawyers and wife were not being given access to him

Published 21 Aug, 2023 09:08pm

BR Research

CAD roundup: scary start to FY24

The current account is back in the red with relaxation on imports, a condition of the SBA with IMF. The deficit...

Updated 21 Aug, 2023 08:56pm

Pakistan

Pakistani civilian martyred in LoC firing by Indian forces: ISPR

Any misadventure against Pakistani people will be appropriately responded to at the time and place of our choosing, the military's media wing says

Published 21 Aug, 2023 08:27pm

Travel

For the love of indoors and outdoors: Dubai has activities for all seasons

From the Burj Khalifa to the mega-malls and the recently-awarded Michelin-starred restaurants, Dubai has always...

Published 21 Aug, 2023 07:36pm

Stocks

Most Gulf markets fall as China’s rate cut disappoints

Most stock markets in the Gulf ended lower on Monday, as the latest stimulus measures from China disappointed...

Published 21 Aug, 2023 07:35pm

Stocks

US stocks open higher as market aims to exit August slump

NEW YORK: Wall Street stocks opened higher on Monday as investors tried to shrug off weak August trading performance...

Published 21 Aug, 2023 07:01pm

Stocks

Indian shares gain as IT, financials rebound outweighs Reliance’s slide

BENGALURU: Indian shares rose on Monday, as a rebound in IT and financial stocks outweighed the slide in Reliance...

Published 21 Aug, 2023 06:51pm

Stocks

Sri Lanka shares end lower as consumer staples and financials weigh

BENGALURU: Sri Lankan shares closed lower on Monday, dragged by losses in consumer staples and financials...

Published 21 Aug, 2023 06:47pm

Energy

Oil up 1% on tighter supplies and heating oil prices

LONDON: Oil prices rose more than 1% on Monday as tighter supply reflected in fewer exports from Saudi Arabia and...

Updated 21 Aug, 2023 06:35pm

Commodities

Copper supported but Chinese demand concerns weigh

LONDON: Copper prices were supported by the lower dollar on Monday, but market sentiment was negative due to...

Published 21 Aug, 2023 06:32pm

Commodities

Gold prices increase Rs3,100 per tola in Pakistan

Price of 24-carat gold settles at Rs229,900 per tola in local market

Published 21 Aug, 2023 06:11pm

Commodities

Palm rebounds nearly 2% on stronger rival oils, rising exports

SINGAPORE: Malaysian palm oil futures ended at more than a three-week high on Monday, mirroring the strength in...

Published 21 Aug, 2023 06:19pm

Travel

New York bagels: an evolving classic

NEW YORK: Bagels are as synonymous with New York as pizza and the Statue of Liberty. The ring-shaped bread has...

Published 21 Aug, 2023 05:44pm

Asia

China’s Xi heads to South Africa for BRICS summit

BEIJING: Chinese President Xi Jinping headed to South Africa on Monday, state media reported, where he will attend...

Published 21 Aug, 2023 05:49pm

Stocks

European stocks rebound, China rate cut fails to ease worries

LONDON: European stocks rebounded Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure...

Updated 21 Aug, 2023 05:41pm

Cricket

India’s Rahul, Iyer return for Asia Cup

NEW DELHI: Indian seniors K.L. Rahul and Shreyas Iyer have returned from their injuries to make the Asia Cup squad...

Published 21 Aug, 2023 05:39pm

Europe

Navalny urges Russians to vote out Kremlin candidates

MOSCOW: Jailed Russian opposition leader Alexei Navalny urged his supporters on Monday to oust Kremlin-backed...

Published 21 Aug, 2023 05:31pm

Companies

Lucky Cement completes installation of 25MW captive solar power plant

Lucky Cement, one of Pakistan’s largest cement manufacturer, on Monday announced the successful commissioning of its...

Updated 21 Aug, 2023 04:06pm

Pakistan

ATC grants police 3-day physical remand of Imaan Mazari, Ali Wazir

Both were arrested following Pashtoon Tahafuz Movement (PTM) rally

Updated 21 Aug, 2023 03:50pm

Asia

Malaysia may sue Goldman Sachs over 1MDB scandal

KUALA LUMPUR: Malaysia may pursue lawsuits against Goldman Sachs over the US investment bank’s role in the...

Published 21 Aug, 2023 03:28pm

Business & Finance

Sri Lanka’s July consumer inflation eases to 4.6%

COLOMBO: Sri Lanka’s consumer price inflation slowed to 4.6% year-on-year in July from 10.8% in June, helped by...

Published 21 Aug, 2023 03:25pm

Stocks

Most markets in Gulf track oil prices higher

Most major stock markets in the Gulf tracked oil prices higher on Monday, although the gains were limited after...

Published 21 Aug, 2023 02:30pm

Stocks

Energy shares boost FTSE 100; Crest Nicholson leads rout among housebuilders

The UK’s FTSE 100 index rebounded from six-week lows on Monday, helped by a rise in energy stocks, but midcap stocks...

Published 21 Aug, 2023 02:27pm

Europe

British foreign minister to visit China this month after delay

British Foreign Secretary James Cleverly is due to visit China at the end of this month, three sources familiar with...

Published 21 Aug, 2023 02:25pm

Europe

Russia warns F-16 donations will escalate war with Ukraine

COPENHAGEN: Russia on Monday condemned a decision by Denmark and the Netherlands to donate F-16 fighter jets to...

Published 21 Aug, 2023 02:16pm

South Asia

Iran says prisoner exchange process with US will take up to two months

DUBAI: The process of releasing US prisoners held in Iran will take up to two months, Iran’s Foreign Ministry...

Published 21 Aug, 2023 02:13pm

Middle East

Russian strikes kill 8 fighters in Syria’s rebel-held northwest: monitor

BEIRUT: At least eight fighters were killed in Russian air strikes early Monday targeting a rebel base in Syria’s...

Updated 21 Aug, 2023 02:06pm

Sports

Eyes on bigger prizes as Pakistan and Afghanistan begin ODI series

HAMBANTOTA: Pakistan face Afghanistan in a three-match one-day international series in Sri Lanka starting Tuesday,...

Published 21 Aug, 2023 01:31pm

Stocks

Japan’s Nikkei snaps three-day losing streak as investors shake off China worries

TOKYO: Japan’s Nikkei share average ended higher on Monday, as investors treaded cautiously after last week’s steep...

Updated 21 Aug, 2023 01:11pm

Forex

South African rand weakens ahead of BRICS, CPI

JOHANNESBURG: The South African rand weakened in early trade on Monday, ahead of a week packed with the BRICS summit...

Published 21 Aug, 2023 01:09pm

Business & Finance

BRICS expansion hopefuls seek to rebalance world order

JOHANNESBURG: An expansion of the BRICS bloc under consideration at a summit this week has attracted a motley crew...

Published 21 Aug, 2023 12:58pm

Stocks

Australian shares end lower as financials, gold stocks weigh

Australian shares slipped on Monday, in line with weakness in global markets, with financial and gold stocks leading...

Updated 21 Aug, 2023 12:56pm

Forex

Asian FX slips, stocks mixed after China’s modest rate cut

Asian currencies edged lower, while stocks were mixed on Monday after China surprised markets with a modest cut in...

Published 21 Aug, 2023 12:54pm

Sports

Gauff downs Muchova for biggest title of career in Cincinnati

CINCINNATI: Coco Gauff captured the biggest title of her career on Sunday, powering past Karolina Muchova 6-3, 6-4...

Published 21 Aug, 2023 12:20pm

Sports

Venus withdraws from WTA Cleveland event with knee injury

WASHINGTON: Seven-time Grand Slam champion Venus Williams withdrew from next week’s WTA tournament in Cleveland due...

Published 21 Aug, 2023 12:15pm

USA

Biden heading to Hawaii to view damage, meet survivors

WASHINGTON: President Joe Biden was heading to Hawaii on Monday to view the widespread damage from the recent Maui...

Published 21 Aug, 2023 12:12pm

Africa

Five things to know about Zimbabwe

PARIS: Here are five things to know about Zimbabwe, where the opposition aims to topple the party of late president...

Published 21 Aug, 2023 12:04pm

Africa

Zimbabwe’s 80-year-old ‘Crocodile’ president seeks new term

HARARE: Emmerson Mnangagwa became Zimbabwe’s second president after outmanoeuvring long-time ruler Robert Mugabe...

Published 21 Aug, 2023 12:07pm

Europe

Russia says thwarted Ukraine drone attacks near Moscow

MOSCOW: Russia said on Monday it had thwarted two Ukrainian drone attacks in the Moscow region with no casualties...

Published 21 Aug, 2023 11:38am

Bullion Rate

Gold near 5-month lows as focus turns to Jackson Hole summit

Gold prices steadied above 5-month lows on Monday after declining in the previous five sessions, as investors...

Published 21 Aug, 2023 11:00am

Sports

Djokovic storms back to beat Alcaraz for Cincinnati title

Novak Djokovic overcame a match point and stifling heat to beat world number one Carlos Alcaraz 5-7 7-6(7) 7-6(4)...

Published 21 Aug, 2023 10:58am

Commodities

Copper rebounds as China vows to resolve local government debt risks

BEIJING: Copper prices rebounded on Monday after posting three consecutive weekly losses, lifted by better sentiment...

Published 21 Aug, 2023 10:42am

Mutual Funds

India bond yields seen rising on elevated US peers

MUMBAI: Indian government bond yields are expected to trend higher in early session on Monday, as US yields continue...

Published 21 Aug, 2023 10:40am

Forex

Indian rupee likely to decline on yuan-led weakness in Asia fx

MUMBAI: The Indian rupee is expected to drop at the opening on Monday, tracking losses in Asian peers and on...

Published 21 Aug, 2023 10:36am

Forex

Australia, NZ dollars vulnerable as China underwhelms on rate cuts

SYDNEY: The Australian and New Zealand dollars were vulnerable on Monday just above some critical support levels as...

Published 21 Aug, 2023 10:31am

Mutual Funds

JGB yields rise as traders gauge BOJ, US Fed policy paths

TOKYO: Japanese government bond yields advanced on Monday as investors sought to balance the Bank of Japan’s...

Published 21 Aug, 2023 10:28am

Financial

China surprises with modest rate cut amid growing yuan risks

SHANGHAI/SINGAPORE: China cut its one-year benchmark lending rate on Monday as authorities seek to ramp up efforts...

Published 21 Aug, 2023 10:24am

Europe

Ukraine nears deal with global insurers to cover grain ships

Ukraine is finalising a scheme with global insurers to cover grain ships travelling to and from its Black Sea ports,...

Published 21 Aug, 2023 10:19am

Energy

China LNG buyers expand trading after adding more US, Qatari contracts

SINGAPORE/LONDON: China’s liquefied natural (LNG) gas importers are starting up or expanding trading desks in London...

Published 21 Aug, 2023 10:15am

USA

Tropical Storm Hilary unleashes flash floods in California

RANCHO MIRAGE: Tropical Storm Hilary unleashed furious flash floods east and west of Los Angeles on Sunday as the...

Published 21 Aug, 2023 10:05am

Asia

Japan PM to meet fishing industry leaders over Fukushima water

TOKYO: Japanese Prime Minister Fumio Kishida will on Monday meet fishing industry representatives in a bid to...

Published 21 Aug, 2023 10:02am

Asia

North Korea’s Kim directs cruise missile test as South Korea-US drills begin

SEOUL: North Korean leader Kim Jong Un oversaw a test of strategic cruise missiles, state media KCNA said on Monday,...

Published 21 Aug, 2023 09:59am

Pensioners, senior citizens, Shuhada's families: FBR admits wrong calculations of tax liabilities

ISLAMABAD: The Federal Board of Revenue (FBR) has admitted before the Federal Tax Ombudsman (FTO) that the income...

Updated 21 Aug, 2023 09:59am

Share of smuggled cigarettes further increases: Documented sector demands govt take action

Pakistan Tobacco Company (PTC) apprehends that the market share of the illicit tobacco sector would further cross 53 percent in the next quarter of 2023-24

Updated 21 Aug, 2023 09:58am

At least 13 labourers die in Waziristan bomb blast

PESHAWAR: At least 13 labourers were killed and two others injured in a bomb blast near a vehicle in Shawal Tehsil ...

Updated 21 Aug, 2023 09:57am

Sports

Bumrah impresses again as India seal T20 series in Ireland

India’s pace spearhead Jasprit Bumrah continued to impress in his first international series in 11 months as he...

Published 21 Aug, 2023 09:54am

Forex

India central bank likely sold dollars via state-run banks

MUMBAI: The Indian central bank is likely selling dollars via state-run banks to prevent the rupee from slipping to...

Published 21 Aug, 2023 09:52am

Sports

Spain’s World Cup hero Carmona learns of father’s death after final

Spain captain and World Cup final hero Olga Carmona found out after the match that her father had died, the Spanish...

Published 21 Aug, 2023 09:49am

Stocks

Asia stutters as China doles out meagre rate cut

SYDNEY: Asian markets stumbled on Monday after China delivered a smaller cut to lending rates than markets had...

Published 21 Aug, 2023 09:45am

Stocks

Indian shares open marginally higher; Jio Financial listing eyed

BENGALURU: Indian shares opened marginally higher on Monday, aided by broad sectoral gains, in contrast to weakness...

Published 21 Aug, 2023 09:40am

Commodities

Palm rebounds tracking rival oil strength higher, stronger exports

SINGAPORE: Malaysian palm oil futures recovered on Monday mirroring strength in rival edible oils, while firm export...

Published 21 Aug, 2023 09:38am

Staff accused of undermining ‘will and command’: President claims had returned two bills without signing them

ISLAMABAD: In an apparently alarming disclosure, President of Pakistan Dr Arif Alvi has revealed that he has not...

Updated 21 Aug, 2023 09:34am

FPCCI’s BMP says concerned at rupee slide

LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s (FPCCI) Businessmen Panel (BMP) has said...

Updated 21 Aug, 2023 09:33am

Forex

Dollar gains intact as traders eye Jackson Hole

SINGAPORE: The dollar began on a firm footing on Monday, following five straight weeks of gains, as investors looked...

Published 21 Aug, 2023 09:32am

18 die in Pindi Bhattian road accident

ISLAMABAD: At least 18 people including women and children, were burnt to death while several others sustained...

Updated 21 Aug, 2023 09:32am

PMG, HSD sectors: OMAP says concerned at pricing mechanism

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has raised concerns on the pricing mechanism associated...

Updated 21 Aug, 2023 08:54am

Asad Umar, Ali Wazir and Imaan Mazari arrested

ISLAMABAD: The ‘crackdown’ on human rights advocates and political leaders continues — this time with the arrest of...

Updated 21 Aug, 2023 08:54am

BR’s refresher: your morning briefing for the day

Important updates from August 19 and August 20, 2023

Published 21 Aug, 2023 08:35am

Constraints hampering $15bn export potential of IT sector identified

ISLAMABAD: The Ministry of Information Technology and Telecommunications has identified several constraints...

Updated 21 Aug, 2023 08:31am

Disputing claim, law minister says Article 75 ‘very clear’

ISLAMABAD: Caretaker Law Minister Ahmed Irfan Aslam has said Article 75 of the constitution is “very clear” that the...

Updated 21 Aug, 2023 08:30am

Jaranwala incident: Wheels of justice set in motion: FO

ISLAMABAD: The Foreign Office here Sunday commenting on the Jaranwala incident said that the wheels of justice have...

Updated 21 Aug, 2023 08:29am

BR Research

HASCOL’s losses keep mounting

2021 was a better year for Hascol Petroleum Limited (PSX: HASCOL) as the company had witnessed slowdown in losses....

Published 21 Aug, 2023 08:13am

BR Research

Interview with Raheel Nabi, Director & Chief Executive - Xenith Public Relations

‘We are ready to grow outwards now’ Raheel Nabi is the Director and Chief Executive at Xenith Public Relations. He...

Published 21 Aug, 2023 08:11am

Opinion

New tenants in ‘Block Q’ neighbourhood

The macro numbers are not showing a good picture. Inflation is creeping up again. The current account posted a...

Updated 21 Aug, 2023 07:53am

Editorials

Clock’s ticking

EDITORIAL: What could possibly be the reason for the Election Commission of Pakistan’s (ECP’s) initial silence...

Updated 21 Aug, 2023 07:52am

Pakistan

Family planning: speakers underscore need for increased awareness

PESHAWAR: Speakers here an awareness and training seminar urged the parents to plan their families while keeping in...

Published 21 Aug, 2023 07:38am

Pakistan

Rally taken out against murder of journalist

BADIN: A rally was taken out against the brutal killing of a journalist Jan Mohammad Mahar here on Sunday. The rally...

Published 21 Aug, 2023 07:32am

Pakistan

Al Khidmat distributes wheelchairs in Tesil Bara

PESHAWAR: Al Khidmat Foundation Khyber district distributed wheelchairs among twenty five deserving special persons...

Published 21 Aug, 2023 07:29am

Pakistan

Demo in Landi Kotal against Jaranwala incident

PESHAWAR: Members of the Christian community and civil society staged a protest rally at Bacha Chowk, Landi Kotal on...

Published 21 Aug, 2023 07:27am

Pakistan

Pak delegation calls on Chinese leaders in Urumqi

ISLAMABAD: Professor Ahsan Iqbal, former Federal Minister called on Ma Xingrui, Member of Polit Bureau of the CPC...

Published 21 Aug, 2023 07:25am

Pakistan

Floods: India using water as a weapon against Pakistan

ISLAMABAD: The Modi regime is using water as a tool for spreading chaos in Pakistan as it diverts river courses...

Published 21 Aug, 2023 07:23am

Pakistan

Business community welcomes caretaker federal cabinet

KARACHI: Business and industrial communities have welcomed the caretaker federal cabinet and said that the cabinet...

Published 21 Aug, 2023 07:21am

Pakistan

Experts for joint efforts to further promote seed sector

HYDERABAD: National and international experts have emphasized the establishment of a joint forum based on national...

Updated 21 Aug, 2023 07:19am

Pakistan

SAU, FAO agree to join hands to enhance agri output

HYDERABAD: SAU and FAO have agreed to join hands to promote shared progress and advancement in agricultural ...

Published 21 Aug, 2023 07:18am

Africa

Five Burkina Faso police officers, 40 ‘terrorists’ die in clashes

OUAGADOUGOU: Five Burkinabe police officers have died in an attack in the centre-east of Burkina Faso, with at least...

Published 21 Aug, 2023 07:01am

Middle East

Egypt arrests journalist after report on smuggling case

CAIRO: Egyptian authorities have arrested journalist Karim Asaad after his fact-checking service had published...

Published 21 Aug, 2023 06:58am

Africa

Seven children dead in fire at DR Congo camp for mudslide victims

BUKAVU (DR Congo): A fire that broke out at a camp in the Democratic Republic of Congo for hundreds of families that...

Published 21 Aug, 2023 06:55am

Business & Finance

Economic stabilization termed big challenge

KARACHI The stability of economy of our country is the main challenge now. The biggest challenge is the collapse of...

Published 21 Aug, 2023 06:48am

Pakistan

The Weather

KARACHI: The weather report on Sunday (August 20, 2023) and the forecast for Monday (August 21, 2023)....