News Archives for Latest - 2023-09-12

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Archive - 2023-09-12

Pakistan

Cipher case against PTI chief to be heard in Attock Jail on Wednesday: Law ministry

The hearing of the cipher case against former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan...

Published 12 Sep, 2023 11:47pm

Cricket

India reach Asia Cup final with win over Sri Lanka

COLOMBO: Kuldeep Yadav starred as India overcame a brilliant all-round effort from Sri Lanka’s Dunith Wellalage to...

Updated 12 Sep, 2023 11:28pm

World

US will have ability to freeze Iranian funds transferred to Qatar if needed

WASHINGTON: If necessary, the United States will have the ability to freeze $6 billion in Iranian funds being...

Published 12 Sep, 2023 11:06pm

Stocks

Stocks struggle ahead of key US inflation data

LONDON: US and European stock markets mostly fell Tuesday on the eve of key US inflation data and amid lingering...

Published 12 Sep, 2023 09:39pm

Forex

Open-market: rupee closes at 297-300 against USD

The Pakistani rupee closed unchanged against the US dollar in the open market after appreciating earlier in the day...

Updated 12 Sep, 2023 09:01pm

Forex

Inter-bank market: rupee settles below 300 against US dollar

Currency closes at 299.89 after appreciation of 0.42%
This is the rupee's fifth successive gain in inter-bank market

Updated 12 Sep, 2023 09:00pm

Companies

Jazz refutes SNGPL gas theft claims as ‘baseless’

ISLAMABAD: Jazz, Pakistan’s leading digital operator, strongly refutes Sui Northern Gas Pipelines Limited’s (SNGPL)...

Published 12 Sep, 2023 08:51pm

Energy

Oil prices spike on tight supplies and upbeat OPEC

LONDON: Oil prices jumped by about 1% on Tuesday, boosted by a tighter supply outlook and OPEC optimism over the...

Updated 12 Sep, 2023 08:22pm

Stocks

KSE-100 extends losses as interest rate hike concerns persist

The Pakistan Stock Exchange (PSX) witnessed another negative session on Tuesday, as its benchmark KSE-100 closed...

Updated 12 Sep, 2023 08:17pm

Money & Banking

Wells Fargo CFO expects more layoffs ahead

NEW YORK: Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial...

Published 12 Sep, 2023 08:16pm

Sports

Halep banned for four years for anti-doping rule violations

Twice Grand Slam champion Simona Halep has been banned for four years for two separate anti-doping rule violations,...

Published 12 Sep, 2023 08:11pm

Europe

UK to introduce X-ray age checks for asylum seekers

LONDON: The UK government said Tuesday it is introducing legislation allowing bone and teeth X-rays to verify the...

Published 12 Sep, 2023 08:04pm

Pakistan

Nawaz Sharif to return to Pakistan on October 21: Shehbaz

Former premier says whole nation is awaiting Nawaz Sharif’s return

Updated 12 Sep, 2023 08:02pm

Europe

UK unemployment rises as wage growth hits record high

LONDON: The UK unemployment rate edged higher to 4.3 percent in the three months to the end of July, as wage growth...

Published 12 Sep, 2023 07:59pm

Business & Finance

Brazil inflation accelerated in August

RIO DE JANEIRO: Annual inflation in Brazil rose for the second straight month in August, to 4.61 percent, officials...

Published 12 Sep, 2023 07:57pm

USA

Biden to travel to UN General Assembly: White House

WASHINGTON: US President Joe Biden will address the United Nations General Assembly in New York next week and...

Published 12 Sep, 2023 07:54pm

Energy

OPEC says oil production increases slightly in August

VIENNA: Oil production among the 13-member Organization of the Petroleum Exporting Countries (OPEC) increased...

Published 12 Sep, 2023 07:52pm

Stocks

Most Gulf markets fall ahead of US inflation data

Most stock markets in the Gulf ended lower on Tuesday, with investors focusing on macroeconomic data that could...

Published 12 Sep, 2023 07:10pm

Arts

Pakistan’s digital ‘Museum of Food’ launched

Sharmeen Obaid-Chinoy, Google Arts & Culture, and British Council join hands to launch digital hub

Published 12 Sep, 2023 07:06pm

Stocks

Wall St inches lower as Oracle slides, investors await inflation data

Wall Street’s main indexes fell on Tuesday as Oracle shares slumped, while investors awaited key inflation readings...

Published 12 Sep, 2023 07:05pm

Pakistan

Bilawal laments lack of 'level playing field' for political parties

PPP Chairman stresses that the ECP has the power to announce the election date

Updated 12 Sep, 2023 07:01pm

Movies & Music

Pakistani actor Sarwat Gilani to star in Zindagi-Applause production ‘Farar’

Six-part series to premiere at 14th annual Chicago South Asian Film Festival on September 23

Updated 12 Sep, 2023 06:56pm

Energy

HUBCO’s earnings up 110% in FY23

Hub Power Company Limited (HUBCO), Pakistan’s largest Independent Power Producer (IPP), saw its profit jump by...

Updated 12 Sep, 2023 06:41pm

Africa

At least 2,300 dead in ‘epic’ Libya floods, thousands more missing

BENGHAZI: At least 2,300 people were killed in Libya and thousands more were reported missing after catastrophic...

Updated 12 Sep, 2023 06:31pm

Europe

Poland says will extend ban on Ukraine grain imports

WARSAW: The Polish government on Tuesday agreed to extend a ban on Ukrainian grain imports unilaterally even if the...

Published 12 Sep, 2023 06:22pm

Commodities

Gold rebounds after 7-session fall in Pakistan, gains Rs5,600 per tola

Price of 24-carat bar settles at Rs215,000 per tola

Published 12 Sep, 2023 06:19pm

Technology

TikTok launches online shopping in the US

TikTok has officially rolled out its e-commerce business in the United States after months of testing, according to...

Published 12 Sep, 2023 05:57pm

Africa

Italy to send aid to Libya after floods

ROME: Italy will send aid to Libya, where the death toll from severe floods in the east is expected to rise sharply,...

Published 12 Sep, 2023 05:51pm

Stocks

Stocks diverge, dollar up on eve of key US inflation data

LONDON: Stock markets traded mixed Tuesday on the eve of key US inflation data and amid lingering concerns about...

Updated 12 Sep, 2023 05:44pm

Africa

10,000 missing in Libya storm floods, death toll ‘huge’: Red Cross

GENEVA: The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people...

Published 12 Sep, 2023 05:41pm

Travel

Jan-Jun 2023: Dubai sees 52% YoY surge in Golden Visas

Dubai saw a 52% increase in the number of Golden Visas issued in the first half of this year, as compared to the...

Updated 12 Sep, 2023 05:20pm

Money & Banking

Barclays cutting around 450 staff, UK trade union says

LONDON: A British union that represents workers at Barclays said on Tuesday that the bank was cutting around 450...

Published 12 Sep, 2023 05:15pm

BR Research

Currency market – turning tables?

The fear worked, at least in the short term. Open market currency rates, which were at 10 percent premium to...

Updated 12 Sep, 2023 05:11pm

Money & Banking

Investors optimistic on global growth but China real estate top worry: BofA survey

LONDON: China’s real estate sector is the most likely source of a global systemic credit event, according to Bank of...

Published 12 Sep, 2023 05:06pm

Technology

With aim to enable electric motorcycles in Pakistan, Zyp Technologies announces $1.2mn seed round

Startup’s assembly plant is based in Lahore where it has capacity to produce 8,000 electric motorcycles a year

Updated 12 Sep, 2023 05:01pm

South Asia

Iraq starts relocating Iranian Kurdish fighters from Iran border: Iraq FM

BAGHDAD: Iraq has started relocating Iranian Kurdish groups from Iraq’s Kurdish region frontiers with Iran to camps...

Published 12 Sep, 2023 05:00pm

Stocks

India’s Nifty 50 succumbs to profit-taking at record highs; mid-cap rally ends

BENGALURU: India’s Nifty 50 index dipped in volatile trading on Tuesday as investors booked profits after the...

Published 12 Sep, 2023 04:47pm

Stocks

Sri Lanka shares end lower as consumer staples, industrial drag

CSE All Share index settled down 0.34% at 11,348.25

Published 12 Sep, 2023 04:43pm

Commodities

Copper retreats on stronger dollar and rising LME stocks

LONDON: Copper prices fell in London on Tuesday under pressure from a stronger dollar and rising inventories, though...

Published 12 Sep, 2023 04:41pm

Pakistan

Cipher case: IHC reserves verdict regarding Imran’s trial in Attock Jail

IHC Chief Justice Aamer Farooq presided over hearing

Updated 12 Sep, 2023 04:41pm

Commodities

Palm ends lower for 7-day following weaker rival oils

JAKARTA: Malaysian palm oil futures closed down on Tuesday, declining for seven sessions straight, following...

Published 12 Sep, 2023 04:38pm

Technology

Apple’s iPhone 15 launch clouded by China problems

CUPERTINO: Apple on Tuesday is expected to unveil a new iPhone 15 lineup as questions about market access in China...

Published 12 Sep, 2023 04:32pm

Markets

UBL says will establish wholly-owned Exchange Company

The Board of Directors (BoD) of United Bank Limited (UBL), one of the largest commercial banks in the country, has...

Updated 12 Sep, 2023 03:29pm

Movies & Music

Apple TV+ to launch on Tata Play Binge in India

Tata Play Binge, the Indian channels aggregator, is all set to incorporate Apple TV+ onto its platform in a...

Published 12 Sep, 2023 03:19pm

Energy

OGDCL initiates hydrocarbon production from Nashpa-11 well

Oil & Gas Development Company Limited (OGDCL), the country’s largest hydrocarbon exploration firm, has commenced...

Published 12 Sep, 2023 03:16pm

Pakistan

US does not support any one political party in Pakistan: State Dept

State Department Spokesperson Matthew Miller responds to recent meeting between US Ambassador Donald Blome’s and Chief Election Commissioner (CEC) Sikander Sultan Raja

Updated 12 Sep, 2023 03:10pm

Energy

Fossil fuel demand to peak this decade: IEA chief tells FT

PARIS: World demand for oil, gas and coal is forecast to peak this decade for the first time as the use of cleaner...

Published 12 Sep, 2023 02:13pm

Europe

Red Cross appeals for over $100mn to help quake-hit Morocco

GENEVA: The Red Cross appealed Tuesday for more than $100 million to provide desperately needed assistance in...

Published 12 Sep, 2023 02:07pm

Europe

Putin says 270,000 joined army over past 6-7 months

MOSCOW: Russian President Vladimir Putin said on Tuesday 270,000 people had volunteered to join the army in the past...

Published 12 Sep, 2023 02:04pm

Business & Finance

Blome advocates private sector investment for economic growth

LAHORE: The private sector plays a vital role in creating jobs, and stimulating economic growth. This was the...

Updated 12 Sep, 2023 01:48pm

Stocks

FTSE 100 rises on peak rate bets; Smurfit Kappa slumps on WestRock deal

UK’s FTSE 100 index inched higher on Tuesday after labour data signalled that the Bank of England might be nearing...

Published 12 Sep, 2023 01:11pm

Europe

Ukraine’s Zelenskiy vetoes asset declaration law containing loophole

KYIV: Ukrainian President Volodymyr Zelenskiy on Tuesday vetoed a parliamentary bill that sought to retain closed...

Published 12 Sep, 2023 01:07pm

South Asia

India minister to propose higher diesel vehicle tax, warns automakers

NEW DELHI: India’s road transport minister, Nitin Gadkari, on Tuesday said he will propose an additional 10% tax on...

Published 12 Sep, 2023 12:47pm

Sports

Peru shamans ‘neutralize’ Neymar in World Cup qualifier ritual

LIMA: Dressed in colorful ponchos, a group of Peruvian shamans tie up an effigy of Neymar as they seek to...

Published 12 Sep, 2023 12:36pm

Sports

Juventus midfielder Pogba provisionally suspended for doping

ROME: Juventus and France midfielder Paul Pogba has been provisionally suspended after a doping control detected...

Published 12 Sep, 2023 12:33pm

USA

Biden faces US political showdown after G20 trip

WASHINGTON: US President Joe Biden is counting his wins from a grueling trip to Asia, but at home he faces a string...

Published 12 Sep, 2023 12:30pm

Africa

Survivors suffer as Morocco quake aid trickles in

MOULAY BRAHIM: Homeless, traumatised and in some cases feeling abandoned by the authorities, many survivors of...

Published 12 Sep, 2023 12:08pm

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong retreated at the open of business Tuesday, dragged by a drop in tech firms, as traders...

Published 12 Sep, 2023 12:00pm

Sports

After crushing defeat, Pakistan ‘grateful’ for India wake-up call

Head coach Grant Bradburn says heavy loss 'timely reminder that we need to turn up every day, put in our best on the park'

Updated 12 Sep, 2023 11:55am

Europe

Russian Airbus A320 makes emergency landing in Siberian field

MOSCOW: A Russian passenger Airbus A320 flying from the Black Sea resort of Sochi to the Siberian city of Omsk with...

Published 12 Sep, 2023 11:41am

Asia

Venezuela’s Maduro arrives in Beijing ahead of Xi meeting

BEIJING: Venezuelan President Nicolas Maduro arrived in Beijing on Tuesday ahead of a meeting with China’s Xi...

Published 12 Sep, 2023 11:37am

Europe

Austria’s former foreign minister to move to St. Petersburg

Former Austrian Foreign Minister Karin Kneissl will move to St. Petersburg to work at an academic centre there which...

Published 12 Sep, 2023 11:34am

Forex

Indian rupee to rise after choppy session, to trade around 83/USD

MUMBAI: The Indian rupee is likely to open higher on Tuesday on the back of a dip on the dollar index and bets that...

Published 12 Sep, 2023 11:18am

Financial

Japan Finance Minister: Expect BOJ to pursue inflation target with appropriate policies

TOKYO: Japanese Finance Minister Shunichi Suzuki said on Tuesday he expects the Bank of Japan to conduct monetary...

Published 12 Sep, 2023 11:15am

Companies

Air New Zealand sees ‘significant’ hit to flight schedule from RTX engine issue

Air New Zealand on Tuesday warned that inspections of RTX’s Pratt & Whitney engines would have a “significant”...

Published 12 Sep, 2023 11:13am

Commodities

Palm inches higher after six sessions of losses

JAKARTA: Malaysian palm oil futures edged higher on Tuesday after losing more than 3% in the previous session on...

Published 12 Sep, 2023 11:11am

Financial

Japan 5-year JGB auction average yield at 0.291%, lowest accepted 0.295%

TOKYO: Japan’s Ministry of Finance said the yield at an auction of five-year government bonds on Tuesday averaged...

Published 12 Sep, 2023 11:08am

Commodities

Wheat recovers from 3-1/2-month low; soybeans ease ahead of US report

SINGAPORE: Chicago wheat edged higher on Tuesday, as the market took a breather after dropping to its lowest since...

Published 12 Sep, 2023 10:46am

Real Estate

Country Garden secures bondholder reprieve, sources say; shares soar

SHANGHAI/BEIJING: China’s largest private property developer Country Garden won approval from its creditors to...

Published 12 Sep, 2023 10:42am

Europe

Putin says Russia-China ties at ‘unprecedented historical level’

Relations between Russia and China have reached an unprecedented historical level, Russian President Vladimir Putin...

Published 12 Sep, 2023 10:33am

Forex

South Korean won leads gains among muted Asian FX; equity markets mixed

The South Korean won emerged as the only major gainer on Tuesday amid muted Asian currencies as caution prevailed...

Published 12 Sep, 2023 10:25am

Sports

Pace guns to propel Australia at World Cup: Hazlewood

MELBOURNE: Australia will rely on their full complement of specialist pace bowlers to set the tone at the World Cup...

Published 12 Sep, 2023 10:20am

Bullion Rate

Gold listless as investors await US CPI data for Fed policy guidance

Gold prices settled into a holding pattern on Tuesday as investors awaited US inflation figures that could provide...

Published 12 Sep, 2023 10:17am

Asia

Nobel laureate Ressa acquitted in Philippine tax case

MANILA: Philippines Nobel laureate Maria Ressa and her news site Rappler were acquitted of tax fraud by a trial...

Published 12 Sep, 2023 10:15am

Asia

Unrelenting rain causes more than 100 landslides, traps residents in floodwaters in southern China

BEIJING: Days of relentless rain from the remnants of former Typhoon Haikui have caused more than 100 landslides,...

Published 12 Sep, 2023 10:09am

Asia

North Korea’s Kim Jong Un in Russia amid US warnings not to sell arms

SEOUL/WASHINGTON: North Korean leader Kim Jong Un has arrived in Russia, Japanese media reported on Tuesday, for...

Published 12 Sep, 2023 10:04am

Business & Finance

July-August remittances post big fall

Pakistan receives workers’ remittances amounting to $ 4.12 billion in July-Aug of FY24

Updated 12 Sep, 2023 09:58am

Companies

New Alibaba Group CEO lays out strategic priorities for staff

SHANGHAI: New Alibaba Group CEO Eddie Wu has told staff the tech giant’s two main strategic focuses going forward...

Published 12 Sep, 2023 09:56am

Companies

Tesla, suppliers to invest $15bn in Mexico factory

MEXICO CITY: A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over...

Published 12 Sep, 2023 09:52am

Forex

Australia, New Zealand dollars maintain gains ahead of US inflation data

SYDNEY: The Australian and New Zealand dollars held on to overnight gains on Tuesday, supported by a turnaround in...

Published 12 Sep, 2023 09:49am

Water resource boost: SIFC directs ministry to map out 5-year plan

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has directed the Ministry of Water Resources to chalk...

Updated 12 Sep, 2023 09:47am

Economic development: Minister explains criticality of STZs, SEZs

ISLAMABAD: Finance Minister Dr Shamshad Akhtar on Monday emphasized the importance of paying more focus on a...

Updated 12 Sep, 2023 09:45am

Price control, hoarding: President gives his assent to the bill

ISLAMABAD: President Dr Arif Alvi, on Monday, gave his assent to “the Price Control and Prevention of Profiteering...

Updated 12 Sep, 2023 09:45am

Stocks

Japanese shares track Wall Street higher; caution ahead of US data caps gains

TOKYO: Japanese shares edged up on Tuesday underpinned by Wall Street gains overnight, but caution ahead of US...

Published 12 Sep, 2023 09:44am

Stocks

India’s Nifty scales new peak; Sensex inches towards record high

BENGALURU: Indian shares opened higher on Tuesday, with the benchmark Nifty 50 hitting a record high for the second...

Published 12 Sep, 2023 09:42am

Aug electricity bills: Consumers hit by Rs7.64 to Rs15 per unit hike: PD

ISLAMABAD: The Power Division has revealed that domestic and commercial consumers have been hit by Rs 7.64 to Rs....

Updated 12 Sep, 2023 09:34am

Forex

Yen stands tall, dollar finds floor ahead of US inflation

SINGAPORE: The yen steadied near a one-week high on Tuesday as comments from Japan’s top central banker on a...

Published 12 Sep, 2023 09:33am

Business & Finance

AsiaPak Investments seeks to convert Jamshoro plant into Thar coal

KARACHI: AsiaPak Investments which claimed to have acquired around 54 percent shares in K-Electric (KE) has...

Updated 12 Sep, 2023 09:33am

Stocks

Asian stocks steady, Japan, China central banks interrupt dollar’s ascent

SINGAPORE: Asian stock markets edged up on Tuesday while comments from central banks in China and Japan interrupted...

Published 12 Sep, 2023 09:25am

Business & Finance

Hybrid social protection system: $600m PCRSP project facing delay: World Bank

ISLAMABAD: The hybrid social protection system and the new payment system of the Pakistan Crisis Resilient Social...

Updated 12 Sep, 2023 09:14am

FBR ‘rues’ WHT deduction on mobile cards

ISLAMABAD: The Federal Board of Revenue (FBR) has criticised its policy of withholding tax deduction on mobile...

Updated 12 Sep, 2023 09:13am

BR Research

Brent surge continues

All eyes are set on two crucial monthly reports due later this week – by the US Energy Information Administration...

Published 12 Sep, 2023 09:04am

BR Research

National Foods Limited

National Foods Limited (PSX: NATF) was incorporated in Pakistan as a private limited company in 1971 and was...

Published 12 Sep, 2023 09:02am

Pakistan

Judges unanimous on polls ‘within 90 days’: CJP

ISLAMABAD: Chief Justice of Pakistan, Umar Ata Bandial Monday said on holding of general elections within 90 days...

Updated 12 Sep, 2023 08:53am

KE consumers: Govt slammed for seeking over Rs10/unit positive adjustment

ISLAMABAD: The federal government on Monday came under severe criticism from business community and domestic...

Updated 12 Sep, 2023 08:53am

Backward areas of Balochistan: World Bank official briefs PM

ISLAMABAD: World Bank Country Director Najy Benhassine, on Monday, met with the Caretaker Prime Minister, Anwaarul...

Updated 12 Sep, 2023 08:51am

BR’s refresher: your morning briefing for the day

Important updates from September 11, 2023

Published 12 Sep, 2023 08:47am

Pakistan

Double taxation pact with The Netherlands: SC turns down SHC’s judgement on applicability of Article 7 or Article 12

ISLAMABAD: The Supreme Court turned down the Sindh High Court’s judgment regarding the applicability of Article 7...

Updated 12 Sep, 2023 07:10am

Letters

Bilawal has come of age

That politics is science of political government is a fact. Moreover, dissent and disagreement constitute an ...

Published 12 Sep, 2023 07:05am

Opinion

Tax expenditure as subsidy to elites: myth or reality?

In the last ten or so years, economic issues and tax collection by FBR has been brought increasingly under focus....

Published 12 Sep, 2023 06:51am

Opinion

Balochistan falls behind

Balochistan is the smallest province of Pakistan, with a share of 6.2% in the national population, according to the...

Published 12 Sep, 2023 06:56am

Editorials

SIFC: ‘preponderance of evidence’?

EDITORIAL: The concept behind establishing the Special Investment Facilitation Council is fully supported as it not...

Published 12 Sep, 2023 06:34am

Editorials

‘Isolated incident’?

EDITORIAL: The caretaker foreign minister’s remarks, that the TTP (Tehreek-e-Taliban Pakistan) attack in Chitral...

Published 12 Sep, 2023 06:29am

World

‘Never forget’ - US marks 22 years after 9/11

NEW YORK: Bells were rung and the names of nearly 3,000 people were read out in somber ceremonies in New York,...