News Archives for Latest - 2023-09-05

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Archive - 2023-09-05

Gold Prices

Gold, silver rates on 13-Aug-2026

Gold rate in Pakistan today on August 13, 2026, is Rs460,436 per tola for 24 carat of the precious metal, while the...

Updated 13 Aug, 2026 06:31pm

Europe

Fresh Ukraine attacks 'very close' to Romania border: Romania president

BUCHAREST: Romanian President Klaus Iohannis said Tuesday that new attacks in neighbouring Ukraine happened "very,...

Published 05 Sep, 2023 11:41pm

World

US top diplomat Blinken spoke with Israeli and Palestinian leaders: State Dept

WASHINGTON: US Secretary of State Antony Blinken on Tuesday spoke with Israeli and Palestinian leaders, the State...

Published 05 Sep, 2023 11:26pm

Cricket

Sri Lanka survive Afghanistan scare to reach Asia Cup Super Four

LAHORE: Title-holders Sri Lanka outlasted a rampaging Afghanistan by just two runs in a dramatic finish to reach the...

Updated 05 Sep, 2023 11:05pm

Pakistan

COAS reaches Uzbekistan for two-day official visit

Visit is intended to enhance defense cooperation and military-to-military communication, the military's media wing says

Published 05 Sep, 2023 10:59pm

Pakistan

Cross-border smuggling: caretaker PM Kakar directs Customs to increase surveillance

Orders to establish a monitoring system at irregular border crossings to curb smuggling

Published 05 Sep, 2023 10:37pm

Sports

Asia Cup 2023: Pakistan announce playing XI against Bangladesh

Green Shirts bring in Faheem Ashraf in place of Mohammad Nawaz

Published 05 Sep, 2023 09:57pm

Commodities

Copper steadies as dollar pares gains

LONDON: Copper prices in London were little changed on Tuesday, rebounding from early declines as the dollar pared...

Published 05 Sep, 2023 09:02pm

Forex

US dollar lifted by worries over global growth; Aussie sinks

NEW YORK: The dollar rose on Tuesday as jitters over global growth, particularly in China, caused investors to flock...

Published 05 Sep, 2023 08:58pm

Pakistan

Caretaker PM seeks early completion of PIA restructuring plan

Premier issues directives for actions to be taken to further enhance the air connectivity between rural areas and other cities

Updated 05 Sep, 2023 08:57pm

Commodities

Gold retreats as growth risks drive safe-haven bids to US dollar

Gold slipped to a one-week low on Tuesday on rising bond yields and as investors opted for the U.S. dollar to hedge...

Published 05 Sep, 2023 08:56pm

Money & Banking

US Fed official signals support for September rate pause

WASHINGTON: A senior US Federal Reserve official said Tuesday that the US central bank can afford to sit tight for...

Published 05 Sep, 2023 08:23pm

South Asia

India buzzing over rumoured plans to change country’s name to ‘Bharat’

NEW DELHI: India was buzzing with speculation Tuesday over rumoured plans to scrap official usage of the country’s...

Published 05 Sep, 2023 07:48pm

Commodities

Gold prices decline in Pakistan as rupee recovers in open market

Price of 24-carat bar settles at Rs232,800 per tola, after single-day decrease of Rs6,300

Published 05 Sep, 2023 07:20pm

Stocks

US stocks slip as traders assess signs of slowing economy

NEW YORK: Wall Street stocks stumbled early Tuesday after a long weekend, as investors digested signs of a slowing...

Published 05 Sep, 2023 07:19pm

Europe

Ukraine rejects Turkish call for Kyiv to soften stance on grain deal

KYIV: A senior Ukrainian official on Tuesday rebuffed a suggestion by Turkiye that Kyiv should soften its stance to...

Published 05 Sep, 2023 07:14pm

Energy

Oil jumps as Saudi Arabia and Russia extend supply cuts to end-2023

LONDON: Oil prices jumped about 2% on Tuesday after Saudi Arabia and Russia announced a fresh extension to their...

Updated 05 Sep, 2023 07:05pm

Energy

Saudi Arabia extends voluntary oil output cut of 1 million bpd to end-2023

DUBAI: Saudi Arabia will extend its voluntary oil output cut of 1 million barrels per day for another three months...

Published 05 Sep, 2023 07:04pm

Pakistan

PTI’s Parvez Elahi rearrested from Islamabad

He was released from Adyala Jail after the IHC suspended his detention under 3 MPO

Published 05 Sep, 2023 06:37pm

Forex

Inter-bank: rupee sustains further losses, settles at 307.1 against US dollar

Currency depreciates 0.48% in inter-bank market to settle at new record low

Updated 05 Sep, 2023 06:52pm

South Asia

Many slums disappear from Indian capital ahead of G20 summit

NEW DELHI: When residents of a slum cluster in New Delhi’s Janta Camp area heard that the G20 summit was to be held...

Published 05 Sep, 2023 06:51pm

Forex

Open market: rupee sees strong recovery against US dollar

Gap with inter-bank market narrows, but still over IMF-prescribed limit

Updated 05 Sep, 2023 06:51pm

Asia

Xi skipping G20 summit seen as new setback to India-China ties

NEW DELHI/BEIJING: Chinese President Xi Jinping’s decision to skip the G20 summit is being seen in host India as a...

Published 05 Sep, 2023 06:46pm

Europe

Russian forces destroy first British-supplied Challenger 2 tank in Ukraine, official says

Russian forces fighting in southern Ukraine have destroyed a British-supplied Challenger 2 tank for the first time,...

Published 05 Sep, 2023 06:24pm

Europe

Zelensky visits front near Bakhmut in eastern Ukraine

KYIV: Ukrainian President Volodymyr Zelensky visited troops leading a counteroffensive towards the eastern...

Published 05 Sep, 2023 06:18pm

Technology

Musk threatens to sue anti-defamation group for falling revenue

NEW YORK: Elon Musk, the owner of social media platform X, formerly Twitter, said the site is considering suing the...

Published 05 Sep, 2023 06:16pm

Asia

US envoy Kerry hopes China and US can ‘come together’ on climate

NAIROBI: US climate envoy John Kerry said Tuesday that he hoped Washington and Beijing “could come together” in the...

Published 05 Sep, 2023 06:10pm

Stocks

KSE-100 loses 215 points in lackluster trading

The Pakistan Stock Exchange (PSX) endured a dull session on Tuesday as its benchmark KSE-100 Index fell over 200...

Published 05 Sep, 2023 06:04pm

Pakistan

SC reserves verdict on Imran Khan’s petition against NAB amendments

CJP Bandial says SC will announce 'short and sweet' verdict soon

Updated 05 Sep, 2023 05:51pm

Movies & Music

Urwa Hocane blames ‘arrogant, petty’ Indian politics for refusal to play in Pakistan

Pakistan actor Urwa Hocane expressed her frustration on what she called “arrogant and petty” Indian politics as the...

Updated 05 Sep, 2023 05:47pm

Business & Economy

Military not ‘overstepping even the slightest’, says caretaker PM Kakar

Interim premier says govt working with Pakistan's military on security and some economic initiatives

Updated 05 Sep, 2023 05:06pm

Companies

TPL Life Insurance, Dar Es Salam Textile Mills explore potential merger

TPL Life Insurance Limited has entered into a Memorandum of Understanding (MoU) with Dar Es Salam Textile Mills...

Updated 05 Sep, 2023 04:50pm

Commodities

January-March 2023: Hascol sees loss of Rs7.1bn in three months

Loss per share stands at Rs7.11 during quarter

Updated 05 Sep, 2023 04:44pm

Pakistan

IHC suspends Parvez Elahi’s detention, orders his release

Orders Elahi not to issue any kind of statement until the next hearing

Updated 05 Sep, 2023 03:38pm

Life & Style

India’s women gig workers organise with WhatsApp, secret meetings

As women workers at India’s Urban Company, an app-based firm providing beauty and home care services, prepared for a...

Published 05 Sep, 2023 03:33pm

Opinion

International Day of Charity: Fostering unity and compassion in society

Every man goes down to his death bearing in his hands only that which he has given away. Persian Proverb Seen from...

Updated 05 Sep, 2023 03:17pm

Sports

KL Rahul named in India’s World Cup squad after injury

KANDY: First-choice wicketkeeper KL Rahul was named in India’s squad on Tuesday for the one-day World Cup on home...

Published 05 Sep, 2023 02:39pm

Financial

India central bank planning to introduce wholesale digital currency

NEW DELHI: The Reserve Bank of India is planning to introduce wholesale a central bank digital currency (CBDC) in...

Published 05 Sep, 2023 02:31pm

Stocks

Most Gulf markets fall in early trade on weaker oil prices

Most stock markets in the Gulf dropped in early trade on Tuesday, tracking oil prices lower as weak service sector...

Published 05 Sep, 2023 02:29pm

Movies & Music

Elvis was ‘the love of my life’, Priscilla tells Venice

VENICE: Elvis Presley’s former wife Priscilla said the legendary rock star had been the love of her life, despite...

Published 05 Sep, 2023 01:54pm

South Asia

G20 chair India says talks underway for global framework on crypto rules

MUMBAI: Discussions are underway on a global framework to regulate crypto assets, India’s finance minister said on...

Published 05 Sep, 2023 01:19pm

Forex

South African rand slips as power cuts bite, GDP in focus

JOHANNESBURG: The South African rand was weaker in early trade on Tuesday as the country suffered the worst power...

Published 05 Sep, 2023 01:13pm

Financial

Goldman Sachs cuts chances of US recession in next one year to 15%

Goldman Sachs on Tuesday lowered its probability that a U.S recession would start in the next 12 months to 15% from...

Published 05 Sep, 2023 01:10pm

Movies & Music

Woody Allen hails ‘very lucky life’ as he presents 50th film

VENICE: U.S. director Woody Allen presented his 50th film to the Venice Film Festival on Monday, telling reporters...

Published 05 Sep, 2023 01:00pm

Stocks

Banks, commodity stocks drag Australian shares down; RBA stands pat on rates

Australian shares slipped on Tuesday, dragged by banking and commodity stocks after the country’s central bank...

Published 05 Sep, 2023 12:58pm

Stocks

UK stocks fall on China gloom; Ashtead slides on weak outlook

London’s main stock indexes opened lower on Tuesday after subdued economic data from China dented global sentiment,...

Published 05 Sep, 2023 12:54pm

Sports

Williamson bounces back to captain New Zealand at ODI World Cup

WELLINGTON: New Zealand’s hopes for the 50-over World Cup received a boost Tuesday, with Kane Williamson set to...

Published 05 Sep, 2023 12:50pm

Stocks

Hong Kong stocks drop at start of trade

HONG KONG: Hong Kong stocks opened with losses Tuesday following the previous day’s strong rally, with investors...

Published 05 Sep, 2023 12:46pm

Sports

China’s Zheng rejoices at ‘breakthrough’ US Open win over Jabeur

NEW YORK: Rising Chinese star Zheng Qinwen reached her first Grand Slam quarter-final Monday at the US Open after...

Published 05 Sep, 2023 12:43pm

Companies

Qantas CEO steps down early as airline falls out of favour

SYDNEY: Qantas’ veteran chief executive Alan Joyce announced his early retirement Tuesday, as Australia’s once-loved...

Published 05 Sep, 2023 12:39pm

Sports

Medvedev books US Open clash with ‘godfather’ Rublev

NEW YORK: Daniil Medvedev will play Russian compatriot and close friend Andrey Rublev in the US Open quarter-finals...

Published 05 Sep, 2023 12:37pm

Europe

EU sees asylum requests jump 28% so far in 2023: agency

BRUSSELS: The number of migrants lodging asylum applications in the EU has jumped 28 percent in the first half of...

Published 05 Sep, 2023 12:33pm

Sports

Alcaraz into US Open last eight as Pegula, Jabeur crash out

NEW YORK: Carlos Alcaraz surged into the quarter-finals of the US Open on Monday as upsets dominated the women’s...

Published 05 Sep, 2023 12:25pm

Stocks

Tokyo shares close higher

TOKYO: Tokyo stocks closed higher on Tuesday after swinging between positive and negative territory, with support...

Updated 05 Sep, 2023 12:22pm

Stocks

European stocks drop at open

LONDON: Europe’s stock markets accelerated losses at the start of trading on Tuesday awaiting the return of Wall...

Published 05 Sep, 2023 12:17pm

Asia

Japan to WTO: China’s Fukushima-related seafood ban ‘totally unacceptable’

TOKYO: Japan has told the World Trade Organization (WTO) that China’s ban on Japanese seafood after the release of...

Published 05 Sep, 2023 12:11pm

Sports

Sabalenka overwhelms Kasatkina to reach US Open quarter-final

NEW YORK: Second seed Aryna Sabalenka eased past Daria Kasatkina 6-1 6-3 to make the US Open quarter-finals for the...

Published 05 Sep, 2023 12:03pm

Asia

South Korea’s Yoon to push for stronger response to North Korea at ASEAN

SEOUL: South Korean President Yoon Suk Yeol will push for a stronger response to North Korea’s missile and nuclear...

Published 05 Sep, 2023 12:00pm

Forex

Indian rupee to contend with weaker yuan, higher US yields

MUMBAI: The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan...

Published 05 Sep, 2023 11:56am

Commodities

Copper eases as inventories rise, demand worries linger

Copper prices fell on Tuesday, weighed down by rising inventories in exchange warehouses and concerns about demand...

Published 05 Sep, 2023 11:53am

Europe

Russia says it downed Ukraine-launched drones targeting Moscow

Russia shot down at least three Ukraine-launched drones early Tuesday that were targeting the country’s capital, the...

Published 05 Sep, 2023 11:51am

Forex

China’s yuan weakens as August services PMI disappoints

HONG KONG: The yuan fell to a one-week low against the dollar on Tuesday after a private survey showed China’s...

Published 05 Sep, 2023 11:44am

Energy

Saudi non-oil business activity softens in August as output slows sharply

DUBAI: The expansion in non-oil business activity in Saudi Arabia, the world’s top oil exporter, eased further in...

Published 05 Sep, 2023 11:39am

Technology

Baidu CEO says more than 70 large AI language models released in China

BEIJING: More than 70 large artificial intelligence language models with over 1 billion parameters have been...

Published 05 Sep, 2023 11:16am

Commodities

Wheat rises on lower supply outlook; corn, soybeans firm

SINGAPORE: Chicago wheat futures rose on Tuesday, regaining some of last week’s lost ground, as expectations of...

Published 05 Sep, 2023 11:15am

Asia

Why North Korea’s Kim Jong Un may meet with Putin in Russia

SEOUL: North Korean leader Kim Jong Un may soon meet with President Vladimir Putin and discuss potential arms deals,...

Published 05 Sep, 2023 11:13am

Stocks

China stocks fall on weak services activity data, waning optimism

SHANGHAI: China stocks fell on Tuesday after a survey showed services activity expanded at the slowest pace in eight...

Published 05 Sep, 2023 11:04am

Asia

Storms from Typhoon Haikui drench China’s Fujian province

BEIJING: Thousands of people were evacuated from their homes and vehicles were swept away in floods as storms from...

Published 05 Sep, 2023 11:02am

Mutual Funds

India bond yields await directional cues as 10 year Treasury hits 4.20%

MUMBAI: Indian government bond yields were flat in the early trading session on Tuesday, with the 10-year US...

Published 05 Sep, 2023 10:49am

Financial

Australia’s RBA holds rates steady for 3rd month in Lowe’s last meeting

SYDNEY: Australia’s central bank on Tuesday kept interest rates steady for a third straight month at the last...

Published 05 Sep, 2023 10:37am

Business & Finance

India’s services growth slowed slightly in Aug but exports hit record high

BENGALURU: Growth in India’s dominant services industry lost some steam in August but overall conditions remained...

Published 05 Sep, 2023 10:34am

Forex

South Korean won, Thai baht lead declines among Asian FX, stocks fall

The South Korean won and Thailand’s baht led declines among emerging Asian currencies on Tuesday, while more...

Published 05 Sep, 2023 10:32am

Commodities

Palm tracks rival oils lower

JAKARTA: Malaysian palm oil futures extended losses for a second session on Tuesday as weakness in Dalian Commodity...

Published 05 Sep, 2023 10:30am

World

Country Garden faces second debt challenge in days as offshore payment comes due

HONG KONG: China’s largest private property developer, Country Garden, faces a deadline for making interest payments...

Published 05 Sep, 2023 10:25am

USA

Jill Biden positive for COVID, President Biden tests negative: White House

WASHINGTON: US first lady Jill Biden has tested positive for COVID-19 just days before President Joe Biden, who...

Published 05 Sep, 2023 10:21am

Stocks

Asian shares slip as China optimism fades; RBA in focus

SINGAPORE: Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its...

Published 05 Sep, 2023 10:14am

Bullion Rate

Gold prices tread water as markets weigh Fed policy path

Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted...

Published 05 Sep, 2023 10:11am

‘Inflated’ power bills: Obdurate IMF refuses to buy into govt data

Conveys its disagreement to the data provided by the federal government

Updated 05 Sep, 2023 10:03am

Alvi, law minister discuss issues related to elections

ISLAMABAD: With uncertainty shrouding the fate of general elections in the country, President Dr Arif Alvi has held...

Updated 05 Sep, 2023 10:01am

Infrastructural development: PM for strengthening public-private partnership

ISLAMABAD: Caretaker Prime Minister Anwaar-ul Haq-Kakar was informed on Monday that outsourcing of Sialkot-Kharian...

Updated 05 Sep, 2023 10:00am

Provinces, LEAs to be taken on board: PM asks power sector to act against defaulters

ISLAMABAD: Caretaker Prime Minister Anwaar ul Haq Kakar has asked the power sector to take immediate action against...

Updated 05 Sep, 2023 09:59am

Stocks

Indian shares open higher; small-, mid-caps outperform

BENGALURU: Indian shares opened marginally higher on Tuesday, aided by broad sectoral gains, while the more...

Published 05 Sep, 2023 09:58am

Forex

Dollar steadies, Aussie slips as RBA looms

TOKYO: The dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve...

Published 05 Sep, 2023 09:55am

KE consumers: PD seeks ‘steep positive’ adjustment

ISLAMABAD: The Power Division has sought an exorbitant positive adjustment of up to Rs 10 per unit for K-Electric...

Updated 05 Sep, 2023 09:49am

Pakistan

ECNEC approves Polio Emergency Plan worth $1784.93m

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved “Emergency Plan for Polio...

Updated 05 Sep, 2023 09:33am

Gallup Survey: Default seems imminent, say businesses

KARACHI: Majority of Pakistan’s businesses are “not hopeful at all” about the ability of caretaker Prime Minister...

Updated 05 Sep, 2023 09:12am

Assigning assessment-related duties: FTO asks FBR to restrain IRS Audit Cadre officers

ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to bar the officers of...

Updated 05 Sep, 2023 09:09am

Power projects under CPEC: Contract renegotiation proposals may again be floated

ISLAMABAD: Pakistan is likely to again float proposals to Chinese government for renegotiation on contracts of power...

Updated 05 Sep, 2023 09:09am

BR Research

Ecopack Limited

Ecopack Limited (PSX: ECOP) is incorporated in Pakistan as a limited liability company. The company is engaged in...

Published 05 Sep, 2023 09:05am

BR Research

Then there were two

Petrol prices have crossed Rs300 per liter which is sending shockwaves across the country. This will roll over to a...

Published 05 Sep, 2023 08:53am

BR Research

OMC volumes: some surge in retail fuels

The oil marketing segment has been hit hard by weaker volumes amid escalating prices, shrinking margins, weaker...

Published 05 Sep, 2023 08:50am

Delineate effective strategy, PM asks finance minister

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday directed the Ministry of Finance to devise an...

Updated 05 Sep, 2023 08:48am

Foreign nationals, entities: SECP’s insistence on security clearance

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has refused to grant/ allow licences or...

Updated 05 Sep, 2023 08:47am

BR’s refresher: your morning briefing for the day

Important updates from September 4, 2023

Published 05 Sep, 2023 08:44am

Opinion

Have the people risen?

Arriving on the back of backbreaking inflation across the board, the increased tariff in electricity bills has ...

Updated 05 Sep, 2023 07:12am

Opinion

The population bulge

The results of the seventh Population and Housing Census of Pakistan in 2023 have been announced recently by the...

Updated 05 Sep, 2023 07:08am

Money & Banking

Faysal Bank apprises SCCI about growing Islamic banking

SIALKOT: President and CEO Yousaf Hussain along with Jaudat Hussain, Head Retail Banking Faysal Bank Limited and ...

Updated 05 Sep, 2023 06:46am

Pakistan

The Weather

KARACHI: The weather report on Monday (September 04, 2023) and the forecast for Tuesday (September 05, 2023)...