News Archives for Latest - 2023-09-04

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World

North Korean leader Kim Jong-un to meet Putin in Russia this month

WASHINGTON: North Korean leader Kim Jong-un plans to travel to Russia in September to meet with Russian President...

Published 04 Sep, 2023 11:56pm

Business & Economy

Caretaker PM Kakar hopeful of $25bn investment from Middle East over 5 years

Says Reko Diq project is going to start soon

Published 04 Sep, 2023 11:38pm

Cricket

India thrash Nepal in rain-hit match to enter Asia Cup Super Fours

KANDY: Skipper Rohit Sharma and Shubman Gill remained unbeaten as India hammered cricketing minnows Nepal by 10...

Updated 04 Sep, 2023 11:39pm

World

Kyiv police report fresh bomb threat in schools, colleges

KYIV: Kyiv officials on Monday said they had checked all of the city's secondary schools and that earlier reported...

Published 04 Sep, 2023 11:09pm

Pakistan

Former GB chief minister Khalid Khurshid survives ‘attack’

Former chief minister of Gilgit-Baltistan (GB) Khalid Khurshid Khan on Monday survived an attack in Astore area,...

Published 04 Sep, 2023 10:09pm

Energy

Oil edges up on prospect of extended OPEC+ supply cuts

NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation...

Updated 04 Sep, 2023 09:09pm

Pakistan

Cipher case: Special Court Judge Zulqarnain goes on week-long leave

Imran’s legal team will approach IHC to see who can hear case while Judge Zulqarnain is on leave

Updated 04 Sep, 2023 08:46pm

Pakistan

Power sector woes: caretaker PM Kakar orders immediate action against electricity theft

Directs authorities to submit reports in this regard on daily basis

Updated 04 Sep, 2023 08:38pm

Forex

Inter-bank: rupee sees marginal decline against US dollar

Currency settles at 305.64 in inter-bank market

Updated 04 Sep, 2023 08:21pm

Sports

PCB, BCCI officials briefly address media in Lahore

A delegation of the Board of Control for Cricket in India (BCCI) on Monday arrived in Pakistan via Wagah Border, Aaj...

Updated 04 Sep, 2023 08:21pm

Europe

Turkiye against ‘alternative proposals’ to Ukraine grain deal: Erdogan

MOSCOW: Turkish President Recep Tayyip Erdogan said after talks Monday with Russian counterpart Vladimir Putin that...

Published 04 Sep, 2023 08:20pm

Europe

Putin says Russia to deliver free grain to Africa soon

MOSCOW: President Vladimir Putin on Monday said Russia was nearing a deal that would secure free grain to six...

Published 04 Sep, 2023 08:11pm

Pakistan

President Alvi discusses 'election matters' with interim law minister

President emphasises the need to uphold the Constitution's supremacy

Published 04 Sep, 2023 08:07pm

South Asia

UN experts slam India’s ‘inadequate’ response to Manipur abuses

GENEVA: UN experts condemned Monday the Indian government’s “slow and inadequate response” to reported serious...

Published 04 Sep, 2023 08:06pm

Forex

Open market: rupee recovers after hitting 334 against US dollar during trading

Gap with rate in inter-bank market, however, continues to stay well over IMF-prescribed 1.25%

Updated 04 Sep, 2023 07:11pm

Europe

Ukraine’s defence minister resigns in wartime shakeup

KYIV: Ukrainian Defence Minister Oleksii Reznikov submitted his resignation on Monday in the biggest shakeup of the...

Published 04 Sep, 2023 06:55pm

Stocks

Gulf markets end lower amid volatile oil prices; Egypt gains

Most stock markets in the Gulf ended lower on Monday as investors turned cautious amid volatile oil prices and...

Published 04 Sep, 2023 06:49pm

Pakistan

LHC orders police to produce Parvez Elahi on Tuesday

Court issues contempt notice to IG Islamabad for disobeying its order

Published 04 Sep, 2023 06:28pm

Cricket

Bangladesh’s Liton declared fit for Asia Cup

DHAKA: Bangladesh received a boost to their Asia Cup campaign when batsman Liton Das was declared fit to play Monday...

Published 04 Sep, 2023 06:30pm

Middle East

Israel and Bahrain agree to boost trade ties

MANAMA: Israel’s foreign minister agreed Monday with his Bahraini counterpart to boost trade relations, during his...

Published 04 Sep, 2023 06:22pm

Markets

Caretaker govt’s ‘do nothing’ approach doing no good for Pakistan: PBC

The Pakistan Business Council (PBC), one of the country’s largest corporate advocacy platforms, on Monday slammed...

Updated 04 Sep, 2023 05:55pm

Pakistan

3 Pakistan Navy personnel martyred in Gwadar helicopter crash

Spokesperson of the the navy says helicopter crashed during a training flight

Updated 04 Sep, 2023 05:55pm

Stocks

KSE-100 gains nearly 400 points on positive sentiment

The Pakistan Stock Exchange (PSX) was helped by positive sentiment, with the benchmark KSE-100 gaining near 400...

Updated 04 Sep, 2023 05:54pm

World

Invasive species costs global economy $423bn per year: UN report

LONDON: Fishing grounds choked by water hyacinths. Songbird eggs gobbled up by rats. Power plant pipes clogged by...

Published 04 Sep, 2023 05:53pm

Business & Economy

NFC award major reason behind govt’s inability to go after untaxed sectors: economist

Dr Ashfaque Hassan Khan says Islamabad loses incentive to tax undocumented economy as it loses big chunk of additional revenue

Published 04 Sep, 2023 05:26pm

Commodities

Gold prices decline Rs700 per tola in Pakistan

Price of 24-carat bar settles at Rs239,100 per tola in local market

Published 04 Sep, 2023 05:06pm

Stocks

Indian shares advance on hopes of Fed rate pause, China stimulus

BENGALURU: Indian shares rose on Monday, led by metals on fresh stimulus support by China for its property sector...

Published 04 Sep, 2023 04:58pm

Stocks

Sri Lanka shares end higher as industrials, financials gain

BENGALURU: Sri Lankan shares closed higher on Monday, aided by gains in industrial and financial stocks. The CSE All...

Published 04 Sep, 2023 04:54pm

Commodities

China property, demand jitters weigh on copper prices

LONDON: Copper prices retreated on Monday as the market fretted about demand in top consumer China and rising...

Published 04 Sep, 2023 04:51pm

Commodities

Palm oil closes down due to weaker rivals oils

JAKARTA: Malaysian palm oil futures ended lower on Monday, dragged down by weaker rival oils on the Dalian and...

Published 04 Sep, 2023 04:48pm

Technology

UAE sets up gaming regulator, led by US industry veterans

DUBAI: The United Arab Emirates has set up a federal entity to regulate gaming and hired veterans of the US gambling...

Published 04 Sep, 2023 04:23pm

Europe

Over 500 French schools under scrutiny over abaya ban: minister

PARIS: French authorities are watching over 500 schools for signs pupils could be violating a newly-announced ban on...

Published 04 Sep, 2023 04:24pm

Europe

UK’s opposition Labour leader reshuffles top team before election

LONDON: Britain’s opposition Labour leader, Keir Starmer, launched a reshuffle of his top team on Monday to fight a...

Published 04 Sep, 2023 03:42pm

Asia

Russia proposes joint navy exercise with North Korea, China

SEOUL: Russia’s defence minister has proposed to North Korean leader Kim Jong Un that their countries hold a naval...

Published 04 Sep, 2023 03:39pm

Health & Wellness

Local in focus: 5 skincare brands on our radar

A plummeting rupee, sky-high costs to travel and curbs on imports have driven droves of Pakistanis looking for local...

Published 04 Sep, 2023 03:29pm

Europe

Iran’s overall enriched uranium stockpile down: IAEA

VIENNA: The UN nuclear watchdog said Monday Iran’s estimated stockpile of enriched uranium was down compared to May...

Published 04 Sep, 2023 03:29pm

Energy

APPEC: G7 oil price cap effective in cutting Russian revenue

SINGAPORE: The Group of Seven’s price cap on Russian oil is still effective in limiting Russia’s revenue and oil...

Published 04 Sep, 2023 03:14pm

Sports

India’s Bumrah misses Asia Cup match to welcome baby boy

NEW DELHI: Indian fast bowler Jasprit Bumrah announced the birth of his first child on Monday, a day after he flew...

Published 04 Sep, 2023 03:07pm

Markets

Pakistan Oxygen to raise nearly Rs750mn through rights issue

The Pakistan Oxygen Limited (PAKOXY), engaged in the manufacturing of industrial and medical gases, said on Monday...

Published 04 Sep, 2023 03:00pm

Technology

Alibaba’s cloud division eyes state firms for up to $3bn fundraising

Alibaba Group Holding Ltd’s cloud division is weighing a private round to raise funds from Chinese state-owned...

Published 04 Sep, 2023 03:00pm

Stocks

Miners boost FTSE 100 on China stimulus optimism

UK’s FTSE 100 advanced on Monday as mining stocks rose after China rolled out new measures to prop up its stuttering...

Published 04 Sep, 2023 02:56pm

Asia

Chinese Premier Li Qiang to attend G20

BEIJING: China’s Premier Li Qiang will attend the G20 summit in the Indian capital New Delhi this weekend, a Beijing...

Updated 04 Sep, 2023 02:22pm

Life & Style

French beauty brand L’Occitane halts trading in Hong Kong

HONG KONG: Trading in French beauty brand L’Occitane was halted in Hong Kong on Monday after reports emerged that...

Published 04 Sep, 2023 02:19pm

Stocks

European stock markets climb at open

LONDON: European stock markets rose at the start of trading Monday after gains in Tokyo as weak US jobs data firmed...

Published 04 Sep, 2023 01:25pm

South Asia

Explosion at coal mine in Iran’s north kills 6: media

TEHRAN: An explosion at a coal mine in northern Iran has killed six workers, state media reported on Monday. The...

Published 04 Sep, 2023 01:23pm

Stocks

Japan stocks renew highs amid weaker yen, optimism over US, China

TOKYO: Japanese stocks gained on Monday, with the Topix renewing a 33-year high as a weaker yen lent broad support...

Updated 04 Sep, 2023 12:58pm

Commodities

Palm oil buying lifts India's August edible oil imports to record

MUMBAI: India's edible oil imports in August rose 5% to a record 1.85 million metric tons as refiners purchased more...

Updated 04 Sep, 2023 12:37pm

Forex

South African rand edges up ahead of data-filled week

JOHANNESBURG: The South African rand gained slightly in early trade on Monday, ahead of a week of data releases...

Published 04 Sep, 2023 12:21pm

Asia

Thousands without power after Typhoon Haikui batters Taiwan

TAIPEI: Taiwan worked on Monday to restore power to more than 30,000 homes after Typhoon Haikui barrelled into its...

Published 04 Sep, 2023 12:15pm

Technology

Renault CEO: China very competitive on electric vehicles, Europe needs to catch up

PARIS: Renault’s chief executive Luca de Meo said on Monday that China was ‘very competitive’ in terms of the...

Published 04 Sep, 2023 12:11pm

Stocks

Australian shares end higher ahead of key rate decision; Liontown jumps

Australian shares rose on Monday ahead of a likely pause in interest rate hikes by the country’s central bank, while...

Updated 04 Sep, 2023 12:05pm

Asia

Malaysia drops corruption charges against PM Anwar’s ally

KUALA LUMPUR: Malaysian prosecutors dropped corruption charges against Deputy Prime Minister Ahmad Zahid Hamidi on...

Published 04 Sep, 2023 11:41am

COAS explains to businesspeople SIFC potential

Emphasises Special Investment Facilitation Council's potential to attract substantial investments of up to 100 billion dollars from countries such as Saudi Arabia, UAE, Kuwait and others

Updated 04 Sep, 2023 11:39am

Real Estate

Country Garden debt deal, China property support measures trigger relief rally

HONG KONG/NEW YORK: Country Garden’s deal with creditors for an extension on onshore debt payments worth 3.9 billion...

Published 04 Sep, 2023 11:35am

Energy

US crude stocks to fall further, end below year-ago levels, say analysts

HOUSTON: US crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts...

Published 04 Sep, 2023 11:12am

Commodities

Palm oil falls on weaker rivals oils

Malaysian palm oil futures fell further during the midday break on Monday, dragged down by weaker rival oils on the...

Published 04 Sep, 2023 11:06am

Sports

Australia’s Marsh stakes claim for opening role at World Cup

Mitchell Marsh is set to compete with Travis Head and David Warner for a slot at the top of Australia’s order at the...

Published 04 Sep, 2023 11:04am

Sports

Lewandowski penalty earns Barca tight win at Osasuna

BARCELONA: Robert Lewandowski rolled home a late penalty to earn Barcelona a hard-fought 2-1 win at Osasuna in La...

Published 04 Sep, 2023 10:54am

Sports

US Open comeback run shows Wozniacki ‘on right track’

NEW YORK: Caroline Wozniacki said she still believes she “can beat anyone on any given day” after her fairytale...

Published 04 Sep, 2023 10:48am

Stocks

Hong Kong stocks begin on positive note

HONG KONG: Hong Kong stocks rallied at the open Monday after US jobs data eased pressure on the Federal Reserve to...

Published 04 Sep, 2023 10:40am

Europe

Erdogan takes grain diplomacy to Putin in Sochi

ISTANBUL: Turkiye President Recep Tayyip Erdogan visits his Russian counterpart Vladimir Putin on Monday in a...

Published 04 Sep, 2023 10:37am

Europe

Russia says destroyed 4 Ukrainian military boats carrying troops in Black Sea

MOSCOW: Russia said on Monday it had destroyed four Ukrainian military boats carrying troops in the Black...

Published 04 Sep, 2023 10:28am

Europe

Five key moments in Charles III’s first year as king

LONDON: Here are five key moments in Charles III’s first year as king: Inaugural address Charles succeeded his...

Published 04 Sep, 2023 10:24am

Sports

Messi assists Miami to big win over MLS champions LAFC

LOS ANGELES: Inter Miami delivered the most impressive win of their Lionel Messi era, 3-1 at Major League Soccer...

Published 04 Sep, 2023 10:17am

Sports

Holder Swiatek upset by Ostapenko at US Open as Djokovic cruises

NEW YORK: Defending champion Iga Swiatek crashed out of the US Open on Sunday after defeat by Jelena Ostapenko and...

Published 04 Sep, 2023 10:16am

Asia

IMF chief hails ‘productive’ talks as China visit ends

BEIJING: The head of the International Monetary Fund (IMF) on Monday praised “productive and substantive” talks with...

Published 04 Sep, 2023 10:12am

Europe

Ukraine forces down 17 drones in Odesa region, strikes damage buildings

KYIV: Ukrainian forces downed 17 Russian drones over the southern Odesa region, the local governor said Monday,...

Published 04 Sep, 2023 10:07am

Sports

Djokovic enjoys drama-free win to reach US Open quarters

NEW YORK: After a five-set nailbiter in the previous round, Novak Djokovic was in no mood for another tense evening...

Published 04 Sep, 2023 10:03am

Stocks

Asia shares extend rally as China mood turns less bleak

SYDNEY: Asian shares pushed higher on Monday as markets wagered the Federal Reserve was done raising US interest...

Published 04 Sep, 2023 09:49am

Mutual Funds

India bond yields may see uptick as US peers rise

MUMBAI: Indian government bond yields are likely to rise marginally at the start of the week after the US peers...

Published 04 Sep, 2023 09:46am

Forex

Indian rupee to assess dollar rally despite a soft US jobs report

MUMBAI: The Indian rupee is likely to open little changed on Monday after a soft US jobs report reinforced...

Published 04 Sep, 2023 09:44am

BR Research

Nutrition nightmare: fix Rupee to address food inflation

All hail SBP, for inflation has witnessed its third consecutive month of slowdown, after peaking at 38 percent in...

Updated 04 Sep, 2023 09:44am

President being ‘persuaded not to take crucial decisions?

ISLAMABAD: Rumours were rife in the federal capital on Sunday over an important meeting to have taken place at the...

Updated 04 Sep, 2023 09:43am

Shamshad says not in position to entertain any expenditure request

ISLAMABAD: Caretaker Finance Minister, Dr Shamshad Akhtar, has said that lack of fiscal discipline, increasingly...

Updated 04 Sep, 2023 09:41am

Stocks

Indian shares open higher on hopes of US rate pause

BENGALURU: Indian shares opened higher on Monday, after US jobs data raised hopes of a US Federal Reserve rate pause...

Published 04 Sep, 2023 09:40am

PTBA asks FBR to take notice of sudden change in IRIS module

LAHORE: Pakistan Tax Bar Association (PTBA) leadership has urged Chairman Federal Board of Revenue (FBR) to look...

Updated 04 Sep, 2023 09:37am

Forex

Australia, NZ dollars edge higher on China hopes, downside risks loom

SYDNEY: The Australian dollar tracked China optimism higher on Monday, although downside risks loom as a rate pause...

Published 04 Sep, 2023 09:36am

Forex

Dollar steady as traders bet Fed done with rates

SINGAPORE: The dollar started Monday on a steady footing as investors assessed US jobs data that showed some signs...

Published 04 Sep, 2023 09:32am

FTO summons senior FBR members for declaring manual income tax filers as inactive

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned senior Federal Board of Revenue (FBR) members in an...

Updated 04 Sep, 2023 09:26am

Pakistan

PM terms May 9 violence ‘coup attempt’

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has said that what happened in the country on May 9 this...

Updated 04 Sep, 2023 09:26am

Minister unveils roadmap of ‘$10bn IT exports’

KARACHI: Caretaker Federal Minister for IT and Telecommunication Dr Umar Saif has unveiled a roadmap to achieve the...

Updated 04 Sep, 2023 09:25am

Pakistan

Floodwaters likely to reach Bahawalpur-Lahore highway

BAHAWALPUR: The flood water has reached very close to the Bahawalpur-Lahore National Highway passing through the...

Updated 04 Sep, 2023 09:23am

NTISB issues advisory amid surging financial, banking scams

ISLAMABAD: Admitting massive increase in banking/ financial frauds, the National Telecommunication and Information...

Updated 04 Sep, 2023 09:00am

BR Research

Inflation: Round two – fight!

Having peaked in May 2023 at 38 percent – national headline inflation has since followed a predictable path. One way...

Published 04 Sep, 2023 08:52am

Change of power purchaser: PPIB forms tech body to ascertain pros, cons

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has constituted a seven-member special technical...

Updated 04 Sep, 2023 08:48am

US envoy reaches out to Maryam in Murree

ISLAMABAD: US Ambassador to Pakistan Donald Blome met with Pakistan Muslim League-Nawaz (PML-N) senior vice...

Updated 04 Sep, 2023 08:47am

BR’s refresher: your morning briefing for the day

Important updates from September 2 and September 3, 2023

Published 04 Sep, 2023 08:45am

BR Research

Octopus Digital Limited

Octopus Digital Limited (PSX: OCTOPUS) was incorporated in Pakistan as a private limited company in 2017 as Avanceon...

Published 04 Sep, 2023 08:46am

Rates

Automart: car prices in Karachi

Rates in the week ended Sunday September 03, 2023

Updated 04 Sep, 2023 07:24am

Opinion

The circular debt paradox

The power sector has an annual turnover of around Rs 3.3 trillion. Of this, collection stands at around 88 percent,...

Updated 04 Sep, 2023 06:43am

Opinion

Economic policy needs a hard reset

The present currency crisis in Pakistan is unprecedented. PKR has depreciated against USD from 180 to 305 since ...