News Archives for Latest - 2023-09-13

Cricket

Ton-up Stokes stars as England hammer New Zealand in 3rd ODI

LONDON: England thrashed New Zealand by 181 runs to win the third one-day international at The Oval on Wednesday as...

Updated 14 Sep, 2023 12:03am

World

US says Russia-North Korea satellite cooperation 'troubling'

WASHINGTON: The United States on Wednesday voiced alarm on new military cooperation between Russia and North Korea...

Published 13 Sep, 2023 11:40pm

World

White House defends US-Iran prisoner swap deal

WASHINGTON: The White House on Wednesday defended a US-Iran prisoner swap deal that has drawn criticism from...

Published 13 Sep, 2023 10:57pm

Europe

Russia says destroys three Ukrainian naval drones

MOSCOW: Moscow said Wednesday it had destroyed three Ukrainian drone boats in the Black Sea after a first Ukrainian...

Published 13 Sep, 2023 10:29pm

Sports

Pakistan overhaul nearly half their squad in Asia Cup ‘semi-final’ against Sri Lanka

Pakistan include Mohammad Haris, Nawaz, Zaman, Saud and Wasim Jr in a must-win game to qualify for Asia Cup final

Published 13 Sep, 2023 08:28pm

Pakistan

‘Handful of elements’ will not be allowed to hold GB’s law and order situation hostage: caretaker PM

Speaks at inauguration of outpatient department services at cardiology hospital in Gilgit

Updated 13 Sep, 2023 08:25pm

Money & Banking

Market divided over extent of interest-rate increase as SBP meets on Thursday

Experts have suggested a rate hike between 100 to 300bps is on the cards

Updated 13 Sep, 2023 08:24pm

Pakistan

ECP reserves judgment in PTI intra-party election case

The electoral watchdog has not yet made a statement regarding when it will make its decision on the matter public

Published 13 Sep, 2023 08:13pm

Forex

Sixth successive gain: rupee settles at 298.82 against US dollar in inter-bank

Currency appreciates 0.36% in inter-bank market

Updated 13 Sep, 2023 07:58pm

Cricket

Pakistan look to ‘match-winner’ Zaman Khan after Naseem Shah injury blow

COLOMBO: Pakistan bowling coach Morne Morkel on Wednesday said injuries to their premier quicks is a big blow ahead...

Published 13 Sep, 2023 07:57pm

Stocks

Wall St gains as mixed CPI data fuels rate-pause hopes

Wall Street’s main indexes rose on Wednesday as data showing a moderate increase in consumer prices in August raised...

Published 13 Sep, 2023 07:31pm

Stocks

US stocks advance as markets digest inflation report

NEW YORK: Wall Street stocks rose early Wednesday as investors weighed the latest US economic figures showing an...

Published 13 Sep, 2023 07:04pm

Pakistan

President Alvi proposes November 6 as election date

President says Article 48(5) of the Constitution empowers him to appoint a date not later than ninety days from the date of the dissolution

Updated 13 Sep, 2023 07:02pm

South Asia

China, Venezuela sign agreements on economy, trade, tourism

BEIJING: China and Venezuela signed several bilateral cooperation documents focused on various areas including...

Published 13 Sep, 2023 06:28pm

Stocks

KSE-100 drifts higher in range-bound trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed slightly higher in a range-bound session on...

Published 13 Sep, 2023 06:22pm

Technology

Adobe rolls out AI features, plans for price hikes and payouts

After months of testing, Adobe on Wednesday opened up access to a range of generative artificial intelligence...

Published 13 Sep, 2023 06:14pm

World

IMF says global debt fell as share of GDP in 2022, may resume rising trend

WASHINGTON: The International Monetary Fund on Wednesday said that the global debt as a share of economic output...

Published 13 Sep, 2023 06:09pm

Cricket

Naveen back, Naib dropped from Afghanistan World Cup squad

KABUL: Afghanistan recalled fast bowler Naveen-ul-Haq in the 15-man World Cup squad announced Wednesday, but...

Published 13 Sep, 2023 06:06pm

Luxury

Carvin French: master jeweler’s art on display in New York

NEW YORK: Miniature lamps encrusted with diamonds and rubies; animals and plants carved out of gold and emerald:...

Published 13 Sep, 2023 05:34pm

Business & Finance

US consumer inflation ticks up in August to 3.7%

WASHINGTON: Consumer inflation in the United States picked up in August for a second straight month, according to...

Published 13 Sep, 2023 05:44pm

Sports

Naseem Shah ruled out of remainder Asia Cup matches with shoulder injury

Zaman Khan replaces fast bowler

Published 13 Sep, 2023 05:17pm

Pakistan

Only one party knows election date: Bilawal

Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday said only one political party in the...

Updated 13 Sep, 2023 05:24pm

Europe

Croatia says exporting Ukrainian grain via port

ZAGREB: Ukraine has been exporting grain through a northern Croatian port for more than a year, an official told AFP...

Published 13 Sep, 2023 05:23pm

Forex

Open-market: rupee weakens marginally against US dollar

The rupee’s appreciation run in the open market came to a stop as the Pakistani currency inched lower against the US...

Updated 13 Sep, 2023 05:19pm

Travel

Etihad Airways names Bollywood’s Katrina Kaif new brand ambassador

Etihad Airways has named Bollywood actress Katrina Kaif as its new brand ambassador, the Abu Dhabi-based airline...

Published 13 Sep, 2023 05:14pm

Energy

OPEC+ cuts, firm demand in Asia to lift Brent above $100/bbl by year-end: BofA

OPEC+ maintaining current supply cuts through year-end coupled with a positive demand backdrop in Asia could push...

Published 13 Sep, 2023 05:05pm

Energy

Oil prices extend multi-month highs on supply concerns

LONDON: Oil prices extended 10-month highs on Wednesday, driven by expectations that crude supply will remain tight...

Updated 13 Sep, 2023 05:01pm

Stocks

Financials lead rise in Indian shares; small-, mid-caps volatile

BENGALURU: Indian shares edged up on Wednesday after a lacklustre start, led by gains in financials and energy...

Published 13 Sep, 2023 04:58pm

Stocks

Sri Lanka shares end higher as consumer staples rise

CSE All-Share index settled 0.80% higher at 11,438.82

Published 13 Sep, 2023 04:55pm

Business & Economy

World Bank’s IFC doubles investment commitments in Pakistan to $1.5bn in FY23

The International Finance Corporation (IFC), a member of the World Bank, committed approximately $1.5 billion in...

Updated 13 Sep, 2023 04:55pm

Commodities

Copper subdued ahead of U.S. inflation data

LONDON: Copper prices were little changed on Wednesday as the market awaited U.S. inflation data that could...

Published 13 Sep, 2023 04:54pm

Commodities

Palm rises after seven-session slide as Chicago soyoil recovers

JAKARTA: Malaysian palm oil futures climbed on Wednesday, snapped a seven-session losing streak, with prices...

Published 13 Sep, 2023 04:51pm

Cricket

Bangladesh’s Mushfiqur to miss India match in Asia Cup

DHAKA: Bangladeshi batter Mushfiqur Rahim will skip Friday’s Asia Cup Super Four match against India to spend time...

Published 13 Sep, 2023 04:43pm

Europe

Kim Jong Un says Russia will win ‘great victory’

MOSCOW: North Korean leader Kim Jong Un said Wednesday he was confident Moscow would win a “great victory” over its...

Published 13 Sep, 2023 04:35pm

Europe

Russian drones strike Izmail port in southern Ukraine

KYIV: Russian drones struck the Danube river port of Izmail in southern Ukraine Wednesday, the region’s governor...

Updated 13 Sep, 2023 04:31pm

Stocks

Stocks retreat as rising oil prices fuel inflation fears

LONDON: Stock markets mostly fell Wednesday before crunch US inflation data, with investors concerned that a spike...

Updated 13 Sep, 2023 04:28pm

Africa

EU says sending assistance to flood-hit Libya

BRUSSELS: The EU said Wednesday assistance from Germany, Romania and Finland had been dispatched to Libya after...

Published 13 Sep, 2023 04:25pm

Energy

OGDCL sees significant oil & gas production increase in KPK well

Nashpa Well-10 is situated within the Nashpa Development and Production Lease in the Karak district of the Khyber Pakhtunkhwa province

Updated 13 Sep, 2023 04:24pm

Cotton & Textile

Asia apparel hubs including Pakistan face $65bn export hit from extreme weather, study shows

Using projections, researchers analyse future heat and flooding levels to estimate what would happen under a "climate adaptive" scenario and a "high heat and flooding" scenario

Updated 13 Sep, 2023 03:51pm

Life & Style

H&M to sell second-hand clothes at London store

LONDON: H&M plans to sell second-hand clothes and accessories at its flagship store in London from Oct. 5, as...

Published 13 Sep, 2023 03:11pm

Business & Finance

India’s Reliance Retail in talks with Gulf, Singapore funds on $1.5bn injection

MUMBAI/NEW DELHI/DUBAI: India’s Reliance Retail is in talks with existing investors including the sovereign wealth...

Published 13 Sep, 2023 03:10pm

Pakistan

Cipher case: Special court extends Imran’s judicial remand

Judge Abul Hasnat Zulqarnain conducts hearing at Attock Jail

Updated 13 Sep, 2023 02:56pm

Technology

Musk, Zuckerberg, Gates to join US senators for AI forum

WASHINGTON: The US Senate’s top Democrat is bringing US technology leaders including Tesla CEO Elon Musk, Meta...

Published 13 Sep, 2023 02:12pm

Africa

Death toll in Libya’s Derna may double from 5,300

TUNIS: More than 5,300 bodies have been counted in the Libyan city of Derna and the toll is expected to increase...

Published 13 Sep, 2023 02:02pm

Commodities

Tullow Oil trims 2023 output forecast

LONDON: Tullow Oil trimmed its 2023 production forecast on Wednesday, hitting its shares, but the West...

Published 13 Sep, 2023 01:57pm

Technology

China says it has not banned purchase, use of foreign phone brands

BEIJING: China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry...

Published 13 Sep, 2023 01:46pm

Luxury

‘Coco’ Chanel’s influential fashion on show at London exhibit

LONDON: With displays ranging from tweed suits to an array of little black dresses, a new London exhibition looks at...

Published 13 Sep, 2023 01:40pm

Opinion

The missing ingredients in Pakistan

Since the 18th Century, one country after another has experienced what Harvard economist Rostow called a “take off...

Updated 13 Sep, 2023 01:32pm

Commodities

Sugar output in India’s Maharashtra set to fall to lowest in 4 years after dry August

MUMBAI: Sugar output in Maharashtra, India’s top producing state, is likely to fall 14% in the 2023/24 crop year to...

Published 13 Sep, 2023 01:29pm

Forex

Australia, NZ dollars lose ground, stakes high for US inflation data

SYDNEY: The Australian and New Zealand dollars lost ground on Wednesday, with their near-term fate resting on the...

Published 13 Sep, 2023 01:25pm

Technology

AI quietly reshapes Apple iPhones, Watches

Unlike other companies that are attempting significant transformations with artificial intelligence, Apple is using...

Published 13 Sep, 2023 01:21pm

Forex

South African rand weakens ahead of US inflation report

JOHANNESBURG: South Africa’s rand slipped early on Wednesday, as focus turned towards US inflation data that could...

Published 13 Sep, 2023 01:15pm

Stocks

FTSE 100 opens lower after weak GDP data fuels recession fears; BP drops on CEO resignation

London’s FTSE 100 opened lower on Wednesday after data showed economic output in July contracted at the fastest pace...

Published 13 Sep, 2023 01:08pm

Financial

Crisis-hit Sri Lanka readies for critical first IMF review

Crisis-hit Sri Lanka must convince IMF officials that it has met key goals under a $2.9 billion bailout to push...

Published 13 Sep, 2023 01:04pm

Movies & Music

Taylor Swift wins top honor at MTV’s Video Music Awards

Pop superstar Taylor Swift took home the top prize at MTV’s Video Music Awards on Tuesday, winning video of the year...

Published 13 Sep, 2023 01:02pm

Europe

EU’s von der Leyen pledges more support for wind industry

BRUSSELS: The European Union will put forward a package of measures to support Europe’s wind industry as renewable...

Published 13 Sep, 2023 01:00pm

Asia

Fire at Vietnam apartment block kills 30

HANOI: At least 30 people have been killed in a fire at an apartment block in Vietnam’s capital Hanoi, among them...

Updated 13 Sep, 2023 12:53pm

Sports

Rahul’s form gives India a ‘good headache’ for World Cup

COLOMBO: Ishan Kishan has usually been India’s go-to wicketkeeper for limited-overs matches this year but it is...

Published 13 Sep, 2023 12:51pm

USA

More than 330mn children still in extreme poverty: UNICEF

WASHINGTON: The Covid-19 pandemic caused a sharp slowdown in the fight to end child poverty, with 333 million...

Published 13 Sep, 2023 12:35pm

Sports

Argentina triumph without Messi, Brazil grab late win in Peru

MONTEVIDEO: World champions Argentina rested Lionel Messi but still shined in a 3-0 victory over 10-man Bolivia in...

Published 13 Sep, 2023 12:31pm

Europe

Kim says North Korea will make Russia ties ‘number one priority’: Russian TV

MOSCOW: North Korea’s Kim Jong Un said Wednesday that his country would make bilateral ties with Russia its “number...

Published 13 Sep, 2023 12:12pm

Stocks

Tokyo shares drift lower ahead of US inflation data

TOKYO: Tokyo stocks slipped on Wednesday, dragged down by falls in tech shares on Wall Street as investors awaited...

Updated 13 Sep, 2023 12:03pm

Financial

Binance.US says CEO Shroder to depart, 100 jobs will be cut

The US affiliate of crypto giant Binance said its chief executive, Brian Shroder, will leave and that it is cutting...

Published 13 Sep, 2023 11:59am

Commodities

Copper stuck in tight range ahead of US inflation data

BEIJING: Copper prices were stuck within a tight range on Wednesday as traders turned cautious ahead of the release...

Published 13 Sep, 2023 11:54am

Commodities

Soybeans hover near 3-week low; corn flat on supply outlook

SINGAPORE: Chicago soybeans lost more ground on Wednesday, trading close to previous session’s three-week low, while...

Published 13 Sep, 2023 11:51am

Europe

Crimean shipyard on fire after Ukraine missile attack

The Sevastopol Shipyard on the Crimean Peninsula was on fire on Wednesday after Ukraine launched a missile attack on...

Updated 13 Sep, 2023 11:18am

Real Estate

Country Garden gets maturity extension approval for one more onshore bond

BEIJING/HONG KONG: Country Garden has won approval from its creditors to extend the maturity of one more onshore...

Published 13 Sep, 2023 11:14am

Sports

England’s Willey ready to do ‘donkey’ work to avoid more World Cup heartbreak

England bowling all-rounder David Willey said he is ready to do the “donkey” work if it will help him secure a place...

Published 13 Sep, 2023 11:12am

Bullion Rate

Gold slips as investors gear up for US inflation report

Gold prices slipped on Wednesday, although were trading above a more than two-week low hit in the previous session...

Published 13 Sep, 2023 11:08am

Asia

North Korea fires two ballistic missiles with leader Kim away in Russia

SEOUL: North Korea fired two ballistic missiles off its east coast, South Korea’s Joint Chiefs of Staff and the...

Published 13 Sep, 2023 11:05am

Artificial appreciation of PKR to encourage imports: Pasha

ISLAMABAD: “The crackdown on illegal exchange dealers and envisaged investment inflows from friendly countries has...

Updated 13 Sep, 2023 10:58am

Energy

Higher gasoline prices seen boosting US inflation in August

WASHINGTON: US consumer prices likely increased by the most in 14 months in August amid a surge in the cost of...

Published 13 Sep, 2023 10:36am

Business & Finance

US holiday sales set for slowest year since 2018 as consumers turn frugal

Holiday sales in the United States are estimated to grow at their slowest pace in five years, according to a report...

Published 13 Sep, 2023 10:32am

Energy

Russia oil output seen falling 1.5% in 2023, minister tells Izvestia

MOSCOW: Russian oil production is seen declining by 1.5% to 527 million metric tons (10.54 million barrels per day)...

Published 13 Sep, 2023 10:20am

Suddenly airport outsourcing plans put on ice

Federal cabinet reportedly puts outsourcing on ice till clearance by Steering Committee headed by Finance Minister

Updated 13 Sep, 2023 10:20am

Forex

China’s yuan firms amid tight liquidity, US inflation in focus

SHANGHAI: China’s yuan firmed against the dollar on Wednesday, as offshore liquidity remains tight and investors...

Published 13 Sep, 2023 10:18am

Europe

‘Glad to see you’: Putin welcomes Kim to space rocket launch site

VLADIVOSTOK: Russian President Vladimir Putin welcomed North Korean leader Kim Jong Un to the Vostochny Cosmodrome,...

Published 13 Sep, 2023 10:15am

Sports

Haaland’s 25th goal helps keep Norway in Euro 2024 hunt

Erling Haaland notched his 25th goal in 26 international appearances to help Norway to a 2-1 win over Georgia on...

Published 13 Sep, 2023 10:12am

Mutual Funds

India bond yields seen lower on easing CPI, RBI bank investment norms

MUMBAI: Indian government bond yields are likely to edge lower in the early session on Wednesday following data that...

Published 13 Sep, 2023 10:09am

Stocks

Miners and banks drag Australian shares lower; focus on US inflation data

Australian shares fell on Wednesday, dragged by the declines in mining and banking stocks, while cautious investors...

Published 13 Sep, 2023 10:00am

World

Australia High Court rules Qantas illegally fired workers in pandemic

SYDNEY: Australia’s top court on Thursday ruled Qantas Airways broke the law by sacking 1,700 ground staff and...

Published 13 Sep, 2023 09:56am

South Asia

Riding India’s G20 wave, Modi’s party sets up for elections

NEW DELHI: The weekend G20 summit was India’s big moment on the world stage, giving the country an opportunity to...

Published 13 Sep, 2023 09:53am

Forex

India rupee non-deliverable forwards indicate marginal uptick at open

MUMBAI: The Indian rupee is likely to open marginally higher on Wednesday tracking non-deliverable forwards, but...

Published 13 Sep, 2023 09:46am

Companies

Only 50pc of SECP registered entities file tax returns

ISLAMABAD: A total of 50,000 companies are filing their annual income tax returns out of over 100,000 entities...

Updated 13 Sep, 2023 09:46am

Forex

Dollar steady ahead of key US inflation data, yen retraces gains

TOKYO: The dollar was broadly steady on Wednesday ahead of a key US inflation report later in the day, though it...

Published 13 Sep, 2023 09:44am

Asia

Japan PM to include five women in cabinet

TOKYO: Japanese Prime Minister Fumio Kishida’s cabinet will include five female ministers, the same number as in two...

Published 13 Sep, 2023 09:41am

Stocks

Indian shares open flat on profit-taking at near record high levels

BENGALURU: Indian shares opened little changed on Wednesday, with the benchmarks witnessing profit-taking at near...

Published 13 Sep, 2023 09:39am

Stocks

Markets await US inflation test, surging oil add to price jitters

SYDNEY: Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key US inflation data...

Published 13 Sep, 2023 09:38am

PPIB extends LoI of Mahl HHP to Dec 31, 2024

ISLAMABAD: Private Power & Infrastructure Board (PPIB) has extended Letter of Interest (LoI) of 640-MW Mahl...

Updated 13 Sep, 2023 09:25am

Energy

Nepra grills CEOs of Discos for inflated electricity bills

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday grilled Chief Executive Officers (CEOs)...

Updated 13 Sep, 2023 09:12am

US envoy now reaches out to people of Gwadar

ISLAMABAD: US Ambassador Donald Blome visited Gwadar on Tuesday to underscore the United States’ commitment to the...

Updated 13 Sep, 2023 09:09am

Pakistan

The then principal secretary to Nawaz, Khaqan: Fawad Hassan Fawad made federal minister

ISLAMABAD: President Dr Arif Alvi appointed Fawad Hassan Fawad as federal minister in the caretaker cabinet. The...

Updated 13 Sep, 2023 09:08am

MoE advocates supply of RLNG to bulk consumers

ISLAMABAD: Ministry of Energy (MoE) has proposed supply of Re-gasified Liquefied Natural Gas (RLNG) to bulk...

Updated 13 Sep, 2023 09:07am

Bilawal decries ‘absence of a level playing field’

KARACHI: PPP Chairman Bilawal Bhutto-Zardari on Tuesday decried the “absence of a level-playing field” in the...

Updated 13 Sep, 2023 08:56am

Documentation requirements: Paperless environment not possible: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has said that a completely paperless environment for taxpayers is not...

Updated 13 Sep, 2023 08:55am

Domestic collection improvement: FBR presents strategy to Shamshad

ISLAMABAD: The Federal Board of Revenue (FBR), Tuesday, presented a plan before the Ministry of Finance to improve...

Updated 13 Sep, 2023 08:53am

BR Research

Remittances remain dreary

Pakistan key lifeline has been under pressure as drop in remittances continue in the ongoing fiscal year – signaling...

Published 13 Sep, 2023 08:53am

BR’s refresher: your morning briefing for the day

Important updates from September 12, 2023

Published 13 Sep, 2023 08:43am

BR Research

Localize more, they said

Ever wondered why Pakistani assemblers won’t make small cars? Over the years, we have posed this question to...

Published 13 Sep, 2023 08:48am

BR Research

Ismail Industries Limited

Ismail Industries Limited (PSX: ISIL) was incorporated in Pakistan as a private limited company in 1988 and was...

Published 13 Sep, 2023 08:41am

Opinion

Cremation of tolerant India—II

Fanatic supporters of BJP (readers must know that it is not representative of an average Indian) have torn down...

Updated 13 Sep, 2023 06:57am

Opinion

Corporate secrets. And more…

Secrets always titillate the imagination. Create interest. This may lead to increased sales, brand value...

Updated 13 Sep, 2023 06:53am

Opinion

Nationalise the IPPs

In Gordium, the capital of Phrygia (ancient Greece), legend had it that whoever could untie an oxcart tied by a...

Updated 13 Sep, 2023 06:44am

Opinion

PARTLY FACETIOUS: Finally, PKR’s woes end

“So the dollar is tumbling down.” “Indeed and the airwaves are full of praises for the whippers…” “You...