News Archives for Latest - 2023-08-28

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Archive - 2023-08-28

Pakistan

Imaan Mazari rearrested after release from Adiala jail

Earlier, ATC had granted post-arrest bail to Imaan and Ali Wazir in sedition case

Updated 28 Aug, 2023 11:41pm

World

White House confident Wagner Group boss Prigozhin died in plane crash

WASHINGTON: The White House on Monday said it was increasingly confident that Wagner mercenary chief Yevgeny...

Published 28 Aug, 2023 11:33pm

Companies

The Bank of Punjab appoints KPMG to study feasibility of transformation to Islamic banking

LAHORE: The Bank of Punjab (BOP) has appointed M/s. KPMG Taseer Hadi & Co. as its consultant to undertake a...

Published 28 Aug, 2023 11:22pm

World

Pentagon aims to counter China numerical advantage with drones

WASHINGTON: The Pentagon plans to field thousands of drones within the next two years to help counter China's...

Published 28 Aug, 2023 11:19pm

Sports

Pakistan unveil new kit for ICC World Cup 2023

‘Star Nation Jersey’ was revealed in a grand ceremony at Gaddafi Stadium

Updated 28 Aug, 2023 11:14pm

Companies

India's Reliance appoints Ambani children to board in succession plan

BENGALURU: India's Reliance Industries Ltd on Monday appointed the three children of Chairman Mukesh Ambani as board...

Published 28 Aug, 2023 10:51pm

Pakistan

PM Kakar directs acceleration of SIFC identified projects

COAS reiterates the Pakistan Army's unwavering support for the caretaker government's continued implementation of policies aimed at reviving the economy

Published 28 Aug, 2023 10:34pm

Pakistan

Ministry of Energy finalises recommendations on electricity bills

The proposals will be presented in cabinet meeting tomorrow (Tuesday)
Protests over inflated power bills continue for fourth day

Updated 28 Aug, 2023 10:34pm

Pakistan

'As soon as possible': ECP assures MQM-P, JI of timely delimitation

Electoral watchdog says elections will be held immediately after the delimitation exercise is finished

Updated 28 Aug, 2023 10:20pm

Stocks

KSE-100 loses 193 points in range-bound session

Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower by nearly 200 points on Monday, weighed down by...

Updated 28 Aug, 2023 10:15pm

Companies

Glaxo Pakistan sustains Rs321mn losses in 6MCY23

Rising cost of sales dent earnings

Updated 28 Aug, 2023 10:11pm

Companies

Indus Motor Company’s profit falls 39% YoY to Rs9.66bn in FY23

Company declares final cash dividend of Rs29 per share

Updated 28 Aug, 2023 10:10pm

Pakistan

Toshakhana case: IHC reserves verdict on Imran Khan’s plea

Verdict to be announced tomorrow

Updated 28 Aug, 2023 10:09pm

Currency

New low: rupee hits 302 against US dollar

Currency depreciates another 0.33% in inter-bank market

Updated 28 Aug, 2023 10:08pm

Stocks

Stocks advance on Powell comments, China boosted by duty cut

PARIS: Global stock markets rose Monday on positive sentiment on interest rates and Chinese stimulus...

Published 28 Aug, 2023 09:16pm

Pakistan

At least 2 policemen killed, 3 injured in Lakki Marwat firing

One of the injured is in critical condition

Updated 28 Aug, 2023 09:17pm

Europe

Ukraine slams neighbours for plan to curb grain imports

PRAGUE: Ukraine’s foreign minister on Monday slammed neighbouring countries over plans to curb grain imports from...

Published 28 Aug, 2023 07:56pm

Middle East

Iran inaugurates last phase of mega-gas field

TEHRAN: Iranian President Ebrahim Raisi inaugurated on Monday the last phase of the South Pars gas field, one of the...

Published 28 Aug, 2023 07:33pm

Stocks

Wall St gains on boost from megacaps ahead of key economic data

Wall Street’s main indexes rose on Monday as a pullback in Treasury yields boosted megacap growth stocks ahead of...

Published 28 Aug, 2023 07:32pm

Stocks

US stocks rise as traders digest Fed speech

NEW YORK: US stocks rose in early trading Monday, as investors continued to digest a speech last week by Federal...

Published 28 Aug, 2023 07:30pm

Europe

Russia’s Putin discusses bilateral ties, BRICS with India’s Modi in phone call

Russian President Vladimir Putin discussed bilateral ties including trade, energy and space cooperation with Indian...

Published 28 Aug, 2023 07:29pm

Europe

EU should be ready for new members by 2030: Charles Michel

BLED: The European Union should get ready to admit new members from eastern Europe and the Balkans by 2030, EU chief...

Published 28 Aug, 2023 07:26pm

Europe

Turkiye’s Erdogan to visit Russia ‘soon’ to discuss grain deal

ISTANBUL: Turkish President Tayyip Erdogan will visit Russia soon to discuss the collapsed United Nations deal that...

Published 28 Aug, 2023 07:24pm

Stocks

Major Gulf bourses fall on Fed chair’s hawkish tone

Most stock markets in the Gulf ended lower on Monday as a slightly hawkish outlook from U.S. Federal Reserve chair...

Published 28 Aug, 2023 06:37pm

Pakistan

Pakistan to host UN Peacekeeping Ministerial Preparatory Meeting on Wednesday

Pakistan is hosting the international event while Japan is a co-host of the meeting

Published 28 Aug, 2023 06:19pm

Europe

Second Ukraine port ship safely reaches Istanbul

ISTANBUL: A second civilian cargo ship to sail from Ukraine since Russia withdrew from a UN-backed Black Sea grain...

Published 28 Aug, 2023 06:06pm

Commodities

Gold prices decline Rs1,500 per tola in Pakistan

Price of 24-carat bar settles at Rs233,000 per tola in local market

Published 28 Aug, 2023 06:00pm

South Asia

India sets September launch date for mission to study the sun

BENGALURU: India’s first space-based observatory to study the sun will be launched on Sept. 2, the country’s space...

Published 28 Aug, 2023 05:52pm

Companies

Indian regulator’s probe faults Adani group on disclosure rules

An investigation of India’s Adani group by the market regulator has uncovered violations of rules on disclosures by...

Published 28 Aug, 2023 05:43pm

Stocks

Markets rally on Powell comments, China boosted by duty cut

PARIS: Asian and European stock markets advanced Monday as investors welcomed the latest signals from central...

Updated 28 Aug, 2023 05:29pm

Stocks

Financials lead rise in Indian shares; small- and mid-caps outperform

BENGALURU: Indian shares rose on Monday after easing concerns over the deposit growth at private lender HDFC Bank...

Published 28 Aug, 2023 05:28pm

Stocks

Sri Lankan shares end lower as industrials, financials drag

CSE All Share index settled down 0.33% at 11,169.73

Published 28 Aug, 2023 05:26pm

Europe

Ukraine says recaptured village on southern front

KYIV: Ukraine announced Monday it had recaptured a village on the southern frontline, where its forces are hoping...

Published 28 Aug, 2023 05:25pm

Energy

Oil steadies as China moves to support economy, tropical storm in focus

LONDON: Oil was little changed on Monday after China took steps to bolster its flagging economy, though investors...

Updated 28 Aug, 2023 05:24pm

Asia

Stable US-China ties ‘profoundly important’: Raimondo

BEIJING: US Commerce Secretary Gina Raimondo met with her Chinese counterpart in Beijing on Monday, saying it was...

Updated 28 Aug, 2023 05:21pm

Commodities

Palm ends lower on weaker Malaysian exports, Dalian gains cap losses

SINGAPORE: Malaysian palm oil futures finished more than 1% lower on Monday following reports of lacklustre exports...

Published 28 Aug, 2023 05:21pm

Luxury

‘Dubai makes even luxury travel affordable’ as Gulf city welcomes record tourists

Dubai provides mid-range hotels that match the service and amenities of full-service hotels, says Issam Kazim, CEO, DCTCM

Published 28 Aug, 2023 04:25pm

Pakistan

Cipher case: Special court extends Shah Mahmood Qureshi’s remand by 2 days

Court says no more physical remand will be granted if no progress is made in the case

Updated 28 Aug, 2023 04:27pm

Life & Style

Fashion retailers in India suffer sales pain as tomato, onion prices surge

NEW DELHI/MUMBAI: Across India’s malls and high streets, the mood at fashion shops is sombre - foot traffic is down,...

Published 28 Aug, 2023 03:47pm

Mutual Funds

JGB yields rise tentatively after Jackson Hole symposium

TOKYO: Japanese government bond (JGB) yields were relatively quiet on Monday, rising late in the session as...

Published 28 Aug, 2023 01:39pm

Real Estate

China’s Country Garden says $100 billion Malaysia project on track

KUALA LUMPUR: Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was...

Published 28 Aug, 2023 01:32pm

Stocks

Japan’s Nikkei ends sharply higher but China ban weighs on tourism stocks

TOKYO: Japan’s Nikkei share average on Monday posted its sharpest daily gains in two months as investors bought back...

Updated 28 Aug, 2023 01:22pm

Forex

South African rand edges up at start of data-filled week

JOHANNESBURG: The South African rand edged up against a weaker dollar in early trade on Monday, at the start of a...

Published 28 Aug, 2023 01:18pm

Stocks

Australian shares end higher after retail sales pick up in July

Australian shares closed higher on Monday, with energy stocks among the top gainers, after retail sales rebounded in...

Updated 28 Aug, 2023 01:17pm

Europe

Two killed in Russian missile strike on Ukraine’s Poltava region

KYIV: Two people were killed in an overnight Russian missile attack that hit a vegetable oil plant in central...

Published 28 Aug, 2023 01:14pm

World

Mudslides kill 13 in Tajikistan after heavy rains

DUSHANBE: Mudslides triggered by heavy rains killed 13 people in Tajikistan on Sunday, the Central Asian nation’s...

Published 28 Aug, 2023 01:03pm

Sports

Djokovic eyes No.1 as US Open gets underway

NEW YORK: Novak Djokovic launches his quest for a 24th Grand Slam singles title on Monday as the US Open gets...

Published 28 Aug, 2023 12:10pm

Europe

Russia says destroys drones near Moscow, Ukraine border

MOSCOW: Russian air defences destroyed a drone approaching Moscow and two in a region bordering Ukraine, authorities...

Published 28 Aug, 2023 12:08pm

Sports

Thailand’s Kunlavut spills blood to win badminton world crown

COPENHAGEN: Thailand’s Kunlavut Vitidsarn spilt blood, sweat and finally tears as he became badminton world champion...

Published 28 Aug, 2023 12:02pm

Sports

Asia’s cricket giants square up ahead of World Cup

COLOMBO: Asia’s cricket giants India, Pakistan and Sri Lanka will get a final chance to size each other up before...

Published 28 Aug, 2023 11:48am

Sports

New Zealand give Williamson two weeks to prove World Cup fitness

WELLINGTON: New Zealand have given captain Kane Williamson a two-week deadline to prove his fitness for the one-day...

Published 28 Aug, 2023 11:37am

Europe

Russian teen eco-activists fight for future as risks mount

PENZA: Egor Chastukhin, an 18-year-old environmental activist, holds a flask to a drain spurting out warm, putrid...

Published 28 Aug, 2023 11:34am

Middle East

Israel strikes force closure of Syria airport: state media

DAMASCUS: Israeli air strikes on Aleppo airport in northern Syria caused the grounding of flights on Monday, Syrian...

Published 28 Aug, 2023 11:29am

Technology

Chinese carmaker BYD buys US firm Jabil’s mobility business for $2.2bn

Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with US-based manufacturing firm Jabil Inc’s...

Published 28 Aug, 2023 11:16am

South Asia

Adani’s bid to remake Mumbai slum spurs residents’ doubts, favouritism claims

MUMBAI: Indian billionaire Gautam Adani’s plan to rehouse a million people living in one of Asia’s biggest slums is...

Published 28 Aug, 2023 11:13am

Sports

Black Cap Neesham to skip England Twenty20s

All-rounder Jimmy Neesham will skip New Zealand’s Twenty20 series against England to return home for the birth of...

Published 28 Aug, 2023 11:05am

Commodities

Shanghai copper climbs on China’s latest move to support stock market

BEIJING: Shanghai copper prices climbed on Monday, buoyed by China’s latest move to support its ailing stock market,...

Published 28 Aug, 2023 11:00am

Forex

Indian rupee to inch up after Powell’s speech, key US data eyed

MUMBAI: The Indian rupee is likely to inch up slightly on Monday following the US dollar’s retreat from a...

Published 28 Aug, 2023 10:57am

Commodities

Palm dips on weaker Malaysian exports, but rival oils cap losses

SINGAPORE: Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although...

Published 28 Aug, 2023 10:55am

Commodities

Soybeans at 1-month high, corn firm as hot, dry weather hits US crops

SINGAPORE: Chicago soybeans rose 1.5% on Monday to a one-month high, while corn gained ground after a US farm survey...

Published 28 Aug, 2023 10:46am

Sports

My passion turned into my profession because of my father: Tayyab Tahir

LAHORE: This has been an exciting year for Tayyab Tahir, as his outstanding run in the Pakistan Cup 2022-23 helped...

Updated 28 Aug, 2023 10:40am

Real Estate

China Evergrande loses $2.4bn in value as trade resumes after 17 months

HONG KONG: Shares of China Evergrande Group fell as much as 87% early on Monday when trading resumed following a 17...

Published 28 Aug, 2023 10:32am

Asia

Heavy rains, floods inundate China; Hunan province sees record rain, thousands evacuated

BEIJING: Chinese weather forecasters on Monday warned several provinces to expect torrential rain and flash floods...

Published 28 Aug, 2023 10:29am

Stocks

China stocks surge after measures to boost investor confidence; concerns remain

SHANGHAI: China stocks surged on Monday after authorities announced a package of measures over the weekend to boost...

Published 28 Aug, 2023 10:25am

Financial

Indonesia central bank plans 2 auctions per week for new certificates

JAKARTA: Indonesia’s central bank plans to hold two auctions per week for its new certificates, in sales intended to...

Published 28 Aug, 2023 10:20am

Technology

China’s Xpeng to acquire Didi’s smart EV unit in deal worth up to $744mn

HONG KONG: Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle...

Published 28 Aug, 2023 10:18am

Asia

Japan suspends H-IIA rocket launch for moonshot because of strong winds

TOKYO: Japan’s space agency suspended a planned launch on Monday of rocket carrying what would be the country’s...

Published 28 Aug, 2023 10:14am

Bullion Rate

Gold holds ground as markets gauge US rate outlook

Gold prices firmed on Monday despite US Federal Reserve Chair Jerome Powell’s hawkish stance on interest rates as...

Published 28 Aug, 2023 10:10am

Sports

Narine the first recipient of slow-overs red card

Trinbago Knight Riders became the first cricket team to receive a red card on Sunday, with Sunil Narine paying the...

Published 28 Aug, 2023 10:08am

USA

Biden sends condolences to families of three US marines killed in Australian aircraft crash

SYDNEY: President Joe Biden on Monday sent his condolences to the families of three US Marines killed in an military...

Published 28 Aug, 2023 10:06am

Energy

Asia LNG loses some strike froth, but fundamentals are supportive: Russell

LAUNCESTON: Spot prices of liquefied natural gas (LNG) retreated in Asia as the threat of imminent strike action at...

Published 28 Aug, 2023 10:03am

Forex

Dollar soft as investors digest ‘higher for longer’ path

SINGAPORE: The dollar eased from a 12-week peak on Monday as traders weighed the US monetary path after the Fed...

Published 28 Aug, 2023 09:56am

Power tariffs: caretakers capitulate?

Caretaker Prime Minister Anwaar-ul-Haq Kakar says concerned ministries and related institutions should provide details of the officers and institutions receiving free electricity

Updated 28 Aug, 2023 09:51am

Stocks

Indian shares open higher, tracking Asian peers

BENGALURU: Indian shares opened higher on Monday tracking Asian peers after China announced new measures to support...

Published 28 Aug, 2023 09:48am

FTO probe results in Rs2bn demand against NHA

ISLAMABAD: The investigation completed by Dr Asif Mahmood Jah Federal Tax Ombudsman (FTO) has resulted in huge tax...

Updated 28 Aug, 2023 09:48am

Incremental Units Consumption Subsidy: PALSP concerned at ‘discrimination’

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has raised a poignant concern over the blatant...

Updated 28 Aug, 2023 09:46am

Stocks

Asia shares rally as China measures boost market

SYDNEY: Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the...

Published 28 Aug, 2023 09:46am

Stocks

Indian bond yields fall, shrug off hawkish Powell remarks

MUMBAI: Indian government bond yields eased marginally after opening largely unchanged in the early session on...

Published 28 Aug, 2023 09:42am

PSW launching port community, airport community systems

ISLAMABAD: Pakistan Single Window (PSW) will implement two new major systems, i.e., Port Community System at...

Updated 28 Aug, 2023 09:40am

Balochistan: Interim setup to help usher in industrial revolution: PM

QUETTA: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Sunday said that the interim government, during its short...

Updated 28 Aug, 2023 09:39am

US officials visit Syria’s pro-Turkish rebel area

AZAZ, (Syria): Three members of the United States Congress made a rare visit Sunday to rebel-held territory in...

Updated 28 Aug, 2023 09:17am

PPP leader says Nawaz unlikely to come back by Oct

ISLAMABAD: Despite the statement made by Shehbaz Sharif, PPP leader Syed Khursheed Shah has said that he does not...

Updated 28 Aug, 2023 09:17am

BR Research

Profiling agri lending

The rural economy has historically suffered from the indifference of commercial bankers sitting in urban centers,...

Published 28 Aug, 2023 08:47am

Falls under domain of Ministry of Commerce: SBP says it can’t impose ban on import of any item

ISLAMABAD: State Bank of Pakistan (SBP) has stated that it cannot impose a ban on import of any item as it falls...

Updated 28 Aug, 2023 08:44am

BR Research

Suzuki: Glorious return

Looks like all that idle time of non-production worked out just fine for the automobile giant, Pakistan Suzuki (PSX:...

Published 28 Aug, 2023 08:44am

BR Research

Ittefaq Iron Industries Limited

Ittefaq Iron Industries Limited (PSX: ITTEFAQ) was incorporated in Pakistan as a private limited company in 2004 and...

Published 28 Aug, 2023 08:42am

BR’s refresher: your morning briefing for the day

Important updates from August 26 and August 27, 2023

Published 28 Aug, 2023 08:42am

India releases more water into River Sutlej

LAHORE: Hundreds of homes have been destroyed, while at several places roads and embankments have been washed away...

Updated 28 Aug, 2023 08:40am

Trump raised $7.1m since he was booked Thursday at an Atlanta jail

NEW YORK: Former President Donald Trump has raised nearly $20 million in the past three weeks, a period that roughly...

Updated 28 Aug, 2023 08:39am

Pakistan

Quetta-Bostan track: Railways expediting rehabilitation work

ISLAMABAD: Pakistan Railways is expediting the efforts to complete the rehabilitation work of a 33.50-kilometre ...

Updated 28 Aug, 2023 07:11am

Pakistan

Police carrying out raids to arrest PIA CBA leaders

KARACHI: The police department has conducted raids at the residence of Pakistan International Airlines (PIA) CBA...

Published 28 Aug, 2023 07:07am

Pakistan

SSUET bags ‘Brand of the Year Award’

KARACHI: Sir Syed University of Engineering & Technology (SSUET) has been once again bestowed with the Brand of...

Published 28 Aug, 2023 07:02am

Pakistan

Law Ministry assails PTI’s campaign against IHC CJ

ISLAMABAD: Strongly condemning a campaign being run by Pakistan Tehreek-i-Insaf (PTI) against Islamabad High Court...

Published 28 Aug, 2023 07:01am

Pakistan

MQM-P delegation to meet ECP high-ups today

KARACHI: A Muttahida Qaumi Movement-Pakistan (MQM-P) delegation will meet the Election Commission of Pakistan (ECP)...

Published 28 Aug, 2023 06:57am

Pakistan

CS KP visits control-room setup for by-election

PESHAWAR: The Chief Secretary Khyber Pakhtunkhwa, Nadeem Aslam Chaudhry, accompanied by the Inspector General of...

Published 28 Aug, 2023 06:55am

Pakistan

Protecting rights of peasants and rural workers: Effective enforcement of laws remains elusive: HWA

HYDERABAD: The participants of a policy dialogue expressed deep concern over the government’s apparent disregard...

Published 28 Aug, 2023 06:54am

Pakistan

PESCO seeks police protection amid protests

PESHAWAR: The Peshawar Electric Supply Company (PESCO) has asked for police protection due to continuous protests of...

Published 28 Aug, 2023 06:51am

Israeli FM meets Libyan FM

OCCUPIED JERUSALEM: Israel’s foreign minister held a meeting with Libya’s foreign minister in Italy last week, even...

Updated 28 Aug, 2023 06:49am

Pakistan

The Weather

KARACHI: The weather report on Sunday (August 27, 2023) and the forecast for Monday (August 28, 2023)....