News Archives for Latest - 2023-08-24

Cricket

Naseem late show takes Pakistan to dramatic victory over Afghanistan

HAMBANTOTA: Number ten batsman Naseem Shah hit a boundary off the penultimate delivery to give Pakistan a dramatic...

Updated 24 Aug, 2023 11:57pm

Pakistan

PTI seeks general elections within 90 days ‘at all costs’

Party says 'there is no need for delimitation at this time'

Updated 24 Aug, 2023 11:09pm

World

Putin says Prigozhin made 'mistakes' but 'achieved results'

MOSCOW: Russian President Vladimir Putin on Thursday expressed his "condolences" over a plane crash that killed...

Published 24 Aug, 2023 10:55pm

World

UN chief 'strongly condemns' North Korea satellite launch attempt: spokesperson

UNITED NATIONS: UN Secretary-General Antonio Guterres on Thursday "strongly" condemned North Korea's attempted ...

Published 24 Aug, 2023 10:42pm

Perspectives

India steps on the moon, but Modi missteps on human rights at home

Leaders of powerful nations who carry allegations of human rights abuses – no matter how much progress a country makes – are not really remembered within the league of extraordinary gentlemen

Updated 24 Aug, 2023 09:59pm

Pakistan

Cable car owner arrested after ignoring safety warnings: police

PESHAWAR: The owner and operator of a stricken cable car that dangled over a ravine for more than 12 hours have been...

Published 24 Aug, 2023 09:24pm

Commodities

Gold holds steady despite rupee’s record fall

Price of 24-carat bar remains unchanged at Rs232,600 per tola in local market

Published 24 Aug, 2023 09:19pm

Stocks

Stocks turn lower ahead of central bank gathering

LONDON: Stocks turned lower Thursday as investors looked ahead to a gathering of central bank officials that could...

Published 24 Aug, 2023 09:16pm

Movies & Music

Warner Bros to launch CNN Max news streaming service in US

Warner Bros Discovery said on Thursday it was launching a round-the-clock news streaming service, CNN Max, in the...

Published 24 Aug, 2023 08:56pm

Forex

New low for PKR: US dollar now above 300 against rupee in inter-bank market

This is the first time the US dollar has closed over the 300 level in the inter-bank market

Updated 24 Aug, 2023 08:51pm

USA

US believes missile inside Russia likely shot down Prigozhin’s presumed plane, US officials say

WASHINGTON: The United States believes a surface-to-air missile originating from inside Russia likely shot down the...

Published 24 Aug, 2023 08:03pm

Stocks

Wall St gains on Nvidia boost, caution sets in ahead of Powell speech

Wall Street’s main indexes rose on Thursday, following a stellar forecast from chip designer Nvidia though caution...

Published 24 Aug, 2023 08:10pm

Stocks

Healthcare, tech stocks push TSX lower, TD Bank slips on quarterly profit miss

Toronto stocks inched lower in choppy trading on Thursday as healthcare and technology stocks led the declines,...

Published 24 Aug, 2023 08:06pm

USA

T-Mobile US to cut 5,000 jobs

T-Mobile US plans to cut nearly 5,000 jobs, or about 7% of its workforce, in the United States, the telecom giant...

Published 24 Aug, 2023 07:30pm

Pakistan

Global Health Security Summit to be held in Pakistan in October: Dr Nadeem

Caretaker Health Minister promises to end polio transmission in the country by the end of this year

Published 24 Aug, 2023 07:27pm

Stocks

Most Gulf markets in black ahead of Powell’s speech

Most stock markets in the Gulf ended higher on Thursday, with the Saudi index snapping three sessions of losses,...

Published 24 Aug, 2023 07:23pm

Life & Style

Shein inks deal with Forever 21-owner as fast-fashion majors look to boost reach

Shein said on Thursday it has partnered with SPARC Group, a joint venture between Forever 21-owner Authentic Brands...

Published 24 Aug, 2023 07:16pm

Energy

Oil slips, US Fed chief’s speech in spotlight

LONDON: Oil prices slipped on Thursday on disappointing economic data from key economies, with investors awaiting a...

Updated 24 Aug, 2023 07:17pm

Forex

SBP-held foreign exchange reserves fall below $8bn

Debt repayments and lack of fresh inflows put pressure on dollar stockpile

Published 24 Aug, 2023 06:49pm

USA

US manufactured goods orders slump in July

WASHINGTON: Orders of major US manufactured goods slipped in July according to government data released Thursday, as...

Published 24 Aug, 2023 06:52pm

Stocks

US stocks mostly rise as markets cheer Nvidia results

NEW YORK: Wall Street stocks mostly advanced Thursday after chip giant Nvidia’s earnings report crushed...

Published 24 Aug, 2023 06:49pm

Pakistan

CEC turns down president’s invitation for meeting to discuss elections

Says power to appoint date for general elections rests exclusively with ECP

Updated 24 Aug, 2023 06:41pm

Stocks

KSE-100 gains over 330 points amid buying spree

A positive run was witnessed at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index registered an...

Updated 24 Aug, 2023 06:40pm

Pakistan

President House seeks law ministry’s opinion on ECP’s response to Alvi’s letter

Chief Election Commissioner says appointing a date for general elections rests exclusively with ECP

Published 24 Aug, 2023 06:15pm

Movies & Music

Pakistani-Canadian film to debut at Toronto International Film Festival

Pakistani-Canadian film ‘The Queen of My Dreams’ will have its World Premiere at the Toronto International Film...

Published 24 Aug, 2023 05:57pm

Life & Style

UK’s Pret takes coffee subscription service to US and France

LONDON: British sandwich and coffee chain Pret A Manger will launch its monthly coffee subscription service in the...

Published 24 Aug, 2023 05:49pm

Stocks

Sri Lanka shares end lower after central bank keeps rates steady

CSE All Share index settled down 1.08% at 11,262.92

Published 24 Aug, 2023 05:28pm

Sports

Saudi Arabia to host Next Gen ATP Finals from 2023 to 2027

The season-ending Next Gen Finals for men’s under-21 players will be played in Jeddah from 2023-2027 as the ATP...

Published 24 Aug, 2023 05:24pm

Europe

Investigators trawl site of plane crash believed to have killed Wagner boss Prigozhin

MOSCOW: Crash investigators on Thursday picked through the wreckage of a jet said to have been carrying Russian...

Published 24 Aug, 2023 05:12pm

Europe

Norway to give F-16 fighter jets to Ukraine: media reports

OSLO: Norway will become the third country to donate F-16 fighter jets to Kyiv to bolster its Soviet-era air force,...

Published 24 Aug, 2023 05:11pm

Football

Neymar, Benzema to get first taste of Asian Champions League action

KUALA LUMPUR: Saudi Pro League superstar Neymar will get his first taste of Asian Champions League football after...

Published 24 Aug, 2023 05:08pm

Money & Banking

Turkiye central bank hikes rate by big 750 bps to 25%; lira rallies

ISTANBUL: Turkiye’s central bank aggressively lifted its key interest rate by 750 basis points to 25% on Thursday,...

Published 24 Aug, 2023 05:02pm

Europe

Britain’s King Charles to visit France on Sept 20-22

PARIS: Britain’s King Charles and his wife, Queen Camilla, will travel to France on Sept. 20-22, the Elysee and...

Published 24 Aug, 2023 04:59pm

Europe

Ukraine says it raised flag on Crimea in overnight ‘operation’

KYIV: Ukraine on Thursday said it flew its flag on the Russian-annexed Crimean peninsula overnight after conducting...

Published 24 Aug, 2023 04:58pm

Stocks

Indian shares slip as Reliance slide overpowers IT gains

BENGALURU: Indian shares reversed intraday gains on Thursday, as a slide in Reliance Industries overpowered the rise...

Published 24 Aug, 2023 04:53pm

Commodities

London copper retreats on disquiet about global growth, rates

LONDON: London copper prices pulled back on Thursday after five sessions of gains, as unease surrounding high...

Published 24 Aug, 2023 04:49pm

Commodities

Palm ends over 1% up on Dalian edible oils uptick, bargain-buying

SINGAPORE: Malaysian palm oil futures finished more than 1% higher on Thursday, snapping a two-day downturn, as...

Published 24 Aug, 2023 04:47pm

Pakistan

Toshakhana case: no relief for Imran Khan as IHC, SC adjourn hearings for pleas against conviction

Former PM is currently incarcerated in Attock Jail

Updated 24 Aug, 2023 04:39pm

Companies

Indus Motor Company again announces 12-day plant shutdown

Indus Motor Company, the assembler of Toyota automobiles in Pakistan, has decided to shut production from August 25,...

Published 24 Aug, 2023 04:02pm

Africa

BRICS invites six countries including Saudi Arabia, Iran, UAE to be new members

JOHANNESBURG: The BRICS group of nations has decided to invite six countries - Argentina, Egypt, Iran, Ethiopia,...

Updated 24 Aug, 2023 03:39pm

Asia

China halts all Japanese seafood imports over ‘selfish’ Fukushima release

BEIJING: China on Thursday banned all Japanese seafood imports over what it said was the “selfish” release of...

Updated 24 Aug, 2023 03:32pm

Money & Banking

Faysal Bank’s profit surges 76% in 6MCY23

Faysal Bank declared a consolidated profit before tax (PBT) of Rs7.66 billion for the first half of 2023...

Published 24 Aug, 2023 03:31pm

Movies & Music

Netflix signups remain high, fueled by password-sharing crackdown: data

Signups for Netflix in the United States remain elevated despite a fall from June’s record high after the...

Updated 24 Aug, 2023 03:00pm

Stocks

Major Gulf markets rise ahead of Powell’s speech

Major stock markets in the Gulf rose in early trade on Thursday, with the Saudi index on course to snap three...

Published 24 Aug, 2023 02:37pm

Stocks

FTSE 100 hits 1-week high on real estate, personal goods shares boost

UK’s FTSE 100 hit a one-week high on Thursday, driven by rate-sensitive real estate and personal goods shares as...

Published 24 Aug, 2023 02:35pm

Europe

Zelensky hails Ukrainians as ‘free people’ on Independence Day

KYIV: Ukrainian President Volodymyr Zelensky praised his people for fighting for “freedom” in an address Thursday to...

Published 24 Aug, 2023 01:38pm

Europe

Russia’s Putin thanks South Africa’s Ramaphosa for work on BRICS expansion

MOSCOW: Russian President Vladimir Putin on Thursday thanked South African President Cyril Ramaphosa for handling...

Published 24 Aug, 2023 01:33pm

Stocks

Tokyo stocks end higher

TOKYO: Tokyo stocks ended higher Thursday on the back of a retreat in US bond yields, although investors were...

Updated 24 Aug, 2023 12:33pm

Forex

Indian rupee rises more on retreating US yields, but analysts say rally unsustainable

MUMBAI: The Indian rupee marched to a three-week high on Thursday on a pullback in US Treasury yields and the...

Published 24 Aug, 2023 12:30pm

Commodities

Shanghai copper hits near 3-week high on China demand hopes

Shanghai copper prices rose to a nearly three-week high on Thursday, amid hopes of demand pick up fuelled by policy...

Published 24 Aug, 2023 12:29pm

South Asia

Landslide destroys buildings in north Indian mountains

A landslide in north Indian mountains destroyed several buildings on Thursday, the latest in a string of disasters...

Published 24 Aug, 2023 12:28pm

South Asia

Indian Immunologicals targets dengue vaccine launch by Jan 2026

HYDERABAD: Vaccine manufacturer Indian Immunologicals Limited (IIL) expects to commercially launch its dengue fever...

Published 24 Aug, 2023 12:26pm

Africa

Sudan army chief Burhan appears to leave army HQ for first time

Sudan’s army chief, General Abdel Fattah al-Burhan, appeared in a video circulated by the army on Thursday outside...

Published 24 Aug, 2023 12:25pm

Forex

South African rand slips before final day of BRICS summit

JOHANNESBURG: The South African rand slipped in early trade on Thursday, ahead of the final day of the BRICS summit...

Published 24 Aug, 2023 12:23pm

Sports

Tunisia’s Jabeur still on mission to capture first Grand Slam

Ons Jabeur promised “not to give up” after three failed attempts to win a Grand Slam final and Tunisia’s ‘Minister...

Published 24 Aug, 2023 12:20pm

Sports

Sabalenka arrives at US Open with top ranking in her sights

Aryna Sabalenka has the chance to dethrone Iga Swiatek and claim the world number one ranking for the first time at...

Published 24 Aug, 2023 12:17pm

Sports

Moon, Kennedy share world championship pole vault title

BUDAPEST: American Katie Moon and Australia’s Nina Kennedy decided to share the women’s pole vault gold medal in...

Published 24 Aug, 2023 12:14pm

Sports

Calendar slam hopes doused but Djokovic fired up for US Open

Novak Djokovic heads to the US Open for the first time since 2021 with his world number one ranking gone and a new...

Published 24 Aug, 2023 12:09pm

Financial

Crisis-hit Sri Lanka orders lending rate cap

COLOMBO: Sri Lanka’s central bank on Thursday capped maximum lending rates after accusing commercial banks of...

Published 24 Aug, 2023 11:54am

Asia

More than 10 arrested trying to enter Japan embassy in Seoul over Fukushima: police

SEOUL: More than 10 people were arrested Thursday for trying to enter the Japanese embassy in Seoul during a protest...

Published 24 Aug, 2023 11:52am

Asia

Japan set to release Fukushima water amid criticism, seafood import bans

TOKYO: Japan will start releasing treated radioactive water from the wrecked Fukushima nuclear power plant into the...

Published 24 Aug, 2023 11:42am

Asia

Japan PM condemns North Korea spy satellite launch

TOKYO: Japanese Prime Minister Fumio Kishida on Thursday condemned North Korea’s attempted spy satellite launch,...

Published 24 Aug, 2023 11:18am

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks opened higher Thursday, extending a two-day rally, as tech titans were boosted by a...

Published 24 Aug, 2023 11:16am

Real Estate

Fitch cuts unit of China’s debt-hit Country Garden to junk

BEIJING: Fitch has downgraded to junk the credit rating of a subsidiary of Chinese property giant Country Garden,...

Published 24 Aug, 2023 11:14am

Europe

Russia says downs Ukrainian drones in latest attack

MOSCOW: Russian air defences downed three Ukrainian drones, Moscow’s defence ministry said on Thursday, without...

Published 24 Aug, 2023 11:11am

Sports

Messi into another final after inspiring Miami comeback

MIAMI: Lionel Messi inspired Inter Miami to come back from 2-0 down to beat Cincinnati on penalties after their...

Published 24 Aug, 2023 11:07am

Europe

At least seven wounded in Russian missile strike on Dnipro

KYIV: At least seven people were wounded in a Russian missile strike on Ukraine’s Dnipro city that damaged...

Published 24 Aug, 2023 10:57am

World

Global warming predicted to cost Australia billions

SYDNEY: Global warming could cost Australia’s economy hundreds of billions of dollars in the coming decades if...

Published 24 Aug, 2023 10:55am

USA

Trump to be arrested in Georgia election racketeering case

ATLANTA: Donald Trump is to surrender on racketeering charges at a Georgia jail on Thursday, setting the stage for a...

Published 24 Aug, 2023 10:53am

Financial

Argentina to use IMF money to pay back part of a currency swap with China

LONDON: Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to repay China part...

Published 24 Aug, 2023 10:45am

South Asia

Moon rover exits India’s Chandrayaan-3 spacecraft to explore lunar surface

NEW DELHI: The moon rover of India’s Chandrayaan-3 exited the spacecraft on Thursday morning to begin its...

Published 24 Aug, 2023 10:42am

USA

Four dead including gunman in California bar shooting

Four people including a gunman were killed in a shooting at a bikers’ bar in California’s Orange County, the local...

Published 24 Aug, 2023 10:36am

‘Pak debt is relatively small as compared to the size of economy’

LAHORE: Rector Lahore School of Economics (LSE) Dr Shahid Amjad Chaudhry on Wednesday said Pakistan’s debt is “$85...

Updated 24 Aug, 2023 10:34am

Financial

Pandemic, inflation push 68 million more in Asia into extreme poverty, Asian Development Bank says

MANILA: The coronavirus pandemic and rise in cost of living have pushed close to 70 million more people in...

Published 24 Aug, 2023 10:31am

Opinion

Petrol prices in India and Pakistan: the differential

The price of petrol is regulated in both India and Pakistan. It is sold at a price fixed by the governments of the...

Updated 24 Aug, 2023 10:31am

Commodities

Palm gains over 2% on recovery of Dalian edible oils

SINGAPORE: Malaysian palm oil futures surged on Thursday, snapping a two-day downturn, on the back of higher prices...

Published 24 Aug, 2023 10:25am

Companies

Qantas, Air New Zealand profits soar as post-COVID travel zooms

SYDNEY: Australia’s flagship Qantas Airways Ltd and its cross-Tasman rival Air New Zealand posted huge profits on...

Published 24 Aug, 2023 10:24am

Stocks

Asia stocks track Wall Street rally as treasury yields retreat

HONG KONG: Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street...

Published 24 Aug, 2023 10:20am

Stocks

Indian shares open higher ahead of RBI policy minutes

BENGALURU: Indian shares opened higher on Thursday, tracking the rise in Asian peers, ahead of the release of the...

Published 24 Aug, 2023 10:15am

Bullion Rate

Gold hits 2-week highs as retreating US yields refurbish appeal

Gold prices climbed to two-week highs on Thursday as a retreat in the US dollar and Treasury yields revived...

Published 24 Aug, 2023 10:06am

Stocks

Australian shares gain on commodity, financial boost

Australian shares rose for a third session on Thursday, helped by gains in heavyweight financials and commodity...

Published 24 Aug, 2023 10:02am

PM reaches out to businesspeople representing SMEs

Caretaker Prime Minister Anwaar-ul-Haq Kakar says government would make maximum efforts to address the issues faced by the business community of Karachi

Updated 24 Aug, 2023 09:51am

Govt borrows over Rs2trn

Karachi: The federal government on Wednesday borrowed over Rs 2 trillion through sale of short-term security papers....

Updated 24 Aug, 2023 09:50am

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

Forex

Soft data drags back dollar ahead of Jackson Hole

SINGAPORE: The dollar nursed a sharp pullback against Asian currencies on Thursday, after softer-than-expected...

Published 24 Aug, 2023 09:35am

Senate body proposes scrutiny of assets of IR, Customs officials

ISLAMABAD: The Senate Standing Committee on Finance has strongly proposed legislation to scrutinize the assets of...

Updated 24 Aug, 2023 09:34am

Pakistan

ECP invites politicians to discuss ‘election roadmap’

ISLAMABAD: Faced with strong public and political backlash over a likely delay in holding the general elections in...

Updated 24 Aug, 2023 09:33am

Companies

PSO receivables reach all-time high of Rs740bn

ISLAMABAD: The Pakistan State Oil’s (PSO) receivables reached an all-time high of Rs740 billion, with the Sui...

Updated 24 Aug, 2023 09:33am

Non-recovery of tax demands from China-based co: FTO summons FBR officials to explain reasons

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned member operations, Federal Board of Revenue (FBR), chief...

Updated 24 Aug, 2023 08:59am

BR Research

PSO in FY23

Pakistan State Oil Company Limited (PSX: PSO) announced its financial performance for FY23 yesterday with an...

Published 24 Aug, 2023 08:49am

BR Research

Autos: The scatter here is too great

The headlines haven’t changed—automobile volumes are down (in FY23, volumes shrank by 55 percent for passenger cars,...

Published 24 Aug, 2023 08:44am

Quarterly adjustment thru power tariff hike: Govt seeks recovery of Rs146bn from consumers in 6 months

ISLAMABAD: The government has sought the recovery of Rs146 billion from electricity consumers in the next six months...

Updated 24 Aug, 2023 08:42am

BR’s refresher: your morning briefing for the day

Important updates from August 23, 2023

Published 24 Aug, 2023 08:41am

BR Research

Ibrahim Fibres Limited

Ibrahim Fibres Limited (PSX: IBFL) was incorporated in Pakistan as a public limited company in 1986. The company is...

Published 24 Aug, 2023 08:40am

Toshakhana reference: There’re prima facie serious defects in trial court’s verdict: CJP

ISLAMABAD: Chief Justice Umar Ata Bandial has said prima facie there are serious defects in the trial court verdict...

Updated 24 Aug, 2023 08:39am

Petition under Articles 186-A and 187: IK prays to SC to transfer his cases from IHC to other court

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan levelling serious allegations against the Chief...

Updated 24 Aug, 2023 08:38am

Opinion

Rethinking natural gas allocation and pricing: Challenges and path to sustainable solutions

The allocation and pricing of natural gas have been contentious issues in Pakistan, with the government historically...

Updated 24 Aug, 2023 06:53am

Opinion

He said, she said…

How hard is all this to untangle, really? The president says he told his staff to return the Official Secrets...

Updated 24 Aug, 2023 06:47am

Editorials

The state of the economy

EDITORIAL: Contractionary fiscal and monetary policies agreed with the International Monetary Fund (IMF) under the...

Updated 24 Aug, 2023 06:44am

Pakistan

Construction of houses for flood affectees reviewed

KARACHI: Sindh's caretaker minister for Finance, Revenue, Planning and Development Mohammad Younus Dagha presided...