News Archives for Latest - 2023-09-19

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Archive - 2023-09-19

Pakistan

PM Kakar meets Iranian President in New York

Reaffirms commitment to further strengthen ties with Iran

Published 19 Sep, 2023 11:17pm

World

UN General Assembly: End wars, focus on climate change instead: Colombia's Petro

Colombian President Gustavo Petro used his speech to the United Nations General Assembly on Tuesday to call for ...

Published 19 Sep, 2023 11:12pm

Business & Finance

UK considers delaying ban on sale of new petrol and diesel cars

LONDON: Britain is considering delaying until 2035 its ban on the sale of new petrol and diesel cars - five years...

Published 19 Sep, 2023 11:05pm

Pakistan

PIA privatisation: high-level huddle ‘agrees on timelines’

Advisor to PM on Aviation, senior management and PIA's legal/financial consultants also attend meeting

Published 19 Sep, 2023 10:59pm

World

US urges Azerbaijan to stop military actions in Nagorno-Karabakh: Blinken

WASHINGTON: The United States is deeply concerned by Azerbaijan's military actions in Nagorno-Karabakh and calls on...

Published 19 Sep, 2023 10:49pm

Europe

Russian strikes in Ukraine kill nine

KYIV: Russian strikes on the frontline town of Kupiansk in northeastern Ukraine left six people dead on Tuesday,...

Published 19 Sep, 2023 10:39pm

Technology

Google’s AI chatbot goes personal tapping into Gmail

SAN FRANCISCO: Google on Tuesday said it had integrated Gmail, YouTube and other tools into its Bard chatbot as the...

Published 19 Sep, 2023 09:01pm

Stocks

Wall St slips ahead of Fed policy meet, Instacart market debut

Wall Street’s main indexes slipped on Tuesday ahead of the Federal Reserve’s policy meeting, with investors awaiting...

Published 19 Sep, 2023 09:00pm

Energy

Oil prices hit 10-month highs on mounting supply concerns

Oil prices jumped over 1% on Tuesday to 10-month highs, as weak U.S. shale output compounded supply concerns from...

Updated 19 Sep, 2023 08:57pm

Energy

Pakistan’s power sector circular debt swells to Rs2.31tr in FY23

Despite massive increase in tariff, amount increases Rs57bn during fiscal year

Updated 19 Sep, 2023 08:51pm

USA

Biden warns against appeasing Russia as Zelensky takes UN stage

UNITED NATIONS: Ukrainian President Volodymyr Zelensky took center-stage at the United Nations on Tuesday where US...

Published 19 Sep, 2023 08:35pm

Energy

Russia considers export duty on oil products of $250/T from Oct. 1

Possible move comes amid domestic fuel shortage in Russia

Updated 19 Sep, 2023 08:30pm

Energy

OGDCL discovers gas reserves in Rahim Yar Khan, Punjab

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

Updated 19 Sep, 2023 07:59pm

Pakistan

Visa appointments: As demand from Pakistan surges, US embassy says working to reduce wait time

More than 10,000 visa applicants originally scheduled for 2024 at the US Consulate General in Karachi are receiving notice that their appointments have been rescheduled in 2023

Published 19 Sep, 2023 07:56pm

Forex

10th successive gain: rupee settles at 294.90 against US dollar

Appreciates 0.36% in inter-bank market on Tuesday

Updated 19 Sep, 2023 07:51pm

Stocks

US stocks dip as OECD trims 2024 forecast

NEW YORK: Wall Street stocks dipped early Tuesday as markets digested a lackluster OECD forecast and Treasury bond...

Published 19 Sep, 2023 07:24pm

Stocks

Most Gulf markets in black ahead of Fed’s decision

Most stock markets in the Gulf ended higher on Tuesday ahead of an interest rate decision by the Federal Reserve,...

Published 19 Sep, 2023 07:14pm

Health & Wellness

Local in focus: 5 makeup brands on our radar

Much like Pakistan’s novice wellness industry, local makeup brands are gaining momentum. These new formulations have...

Published 19 Sep, 2023 07:06pm

Pakistan

Establishment does not have prerogative to announce elections date: Bilawal

PPP chairman says only Election Commission of Pakistan has the right to announce poll date

Updated 19 Sep, 2023 07:01pm

Energy

‘Mafias within Discos’ feeling the heat, says Power Division secretary

Statement comes as government crackdown against power theft enters 12th day

Updated 19 Sep, 2023 06:59pm

Asia

China appeals WTO ruling over its retaliatory tariffs on US imports

GENEVA: China has appealed a World Trade Organization ruling faulting it over tariffs it has imposed on billions...

Published 19 Sep, 2023 06:37pm

USA

US concerned at Canada allegations of Sikh murder, urges India to cooperate: official

UNITED NATIONS: U.S. authorities have been in close contact with their Canadian counterparts about allegations the...

Published 19 Sep, 2023 06:33pm

Stocks

KSE-100 posts marginal gain amid dull trading

The Pakistan Stock Exchange (PSX) witnessed a dull session on Tuesday, as its benchmark KSE-100 Index gained a...

Published 19 Sep, 2023 06:30pm

Forex

Open-market: after opening lower, rupee closes marginally stronger against US dollar

After weakening in the early part of the day, the Pakistani rupee closed slightly stronger against the US dollar in...

Updated 19 Sep, 2023 06:28pm

Companies

Target to hire 100,000 workers for holiday season, start promotions in October

Target said on Tuesday it would hire nearly 100,000 employees for the holiday season, like past two years, and ...

Published 19 Sep, 2023 06:21pm

Europe

EU pushes to extend right for Ukrainians to stay to 2025

BRUSSELS: The European Union’s executive arm on Tuesday proposed extending the right of refugees from Ukraine to...

Published 19 Sep, 2023 05:41pm

Middle East

Syria’s Assad to visit China Thursday: office

DAMASCUS: Syrian President Bashar al-Assad is to visit China this week, his office said Tuesday, his first trip to...

Published 19 Sep, 2023 05:19pm

Stocks

Stock markets diverge as oil hits 10-month high

LONDON: Stock markets traded mixed Tuesday as oil’s push towards $100 fuels worries about persistently-high...

Updated 19 Sep, 2023 05:14pm

Sports

Djokovic’s Serbia to face Britain in Davis Cup quarter-finals

PARIS: Novak Djokovic’s Serbia will continue their bid for a second Davis Cup title against Britain in the...

Published 19 Sep, 2023 04:52pm

Pakistan

A little over 3% clear CSS 2023’s written examination

The Federal Public Service Commission (FPSC) announced on Monday results of the written component of its Central...

Published 19 Sep, 2023 04:46pm

Energy

WTI price surge shuts arbitrage oil flows from US to Europe, Asia

SINGAPORE: A sudden surge in U.S. West Texas Intermediate crude prices that pulled Brent higher has shut off...

Published 19 Sep, 2023 04:29pm

Europe

Russia’s defence minister to visit Tehran on Tuesday

DUBAI: Russia’s defence minister Sergei Shoigu will visit Tehran on Tuesday, Iran’s semi-official Tasnim news agency...

Published 19 Sep, 2023 04:25pm

Stocks

Sri Lankan shares end lower as industrial, consumer discretionary stocks weigh

BENGALURU: Sri Lankan shares closed lower on Tuesday, as losses in industrial and consumer discretionary sectors...

Published 19 Sep, 2023 04:20pm

Commodities

Copper heads lower ahead of Fed meeting, as inventories build

LONDON: Copper prices extended losses on Tuesday on concern ahead of a U.S. Federal Reserve meeting that prolonged...

Published 19 Sep, 2023 04:18pm

Commodities

Palm closes lower after selloff in rival oils

JAKARTA: Malaysian palm oil futures closed lower on Tuesday, extending losses for a second session, weighed down by...

Published 19 Sep, 2023 04:16pm

South Asia

India rejects Canada’s suspicions on role in Sikh leader’s murder

NEW DELHI: Canadian Prime Minister Justin Trudeau said authorities were “actively pursuing credible allegations”...

Updated 19 Sep, 2023 04:11pm

Luxury

Sabato De Sarno to hit Milan catwalk on Friday with high stakes Gucci debut

MILAN/PARIS: Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes...

Published 19 Sep, 2023 03:08pm

Europe

Ukraine tells World Court Russia uses genocide as a pretext to destroy

THE HAGUE: Ukraine told the UN’s highest court in The Hague on Tuesday that Russia is waging war against it “in the...

Published 19 Sep, 2023 03:06pm

Technology

Cryptoverse: Stablecoins sag in the dog days of summer

Bitcoin isn’t the only asset experiencing a late summer slump. Stablecoins, cryptocurrencies typically pegged to...

Published 19 Sep, 2023 02:43pm

Luxury

LVMH, Gucci to expand in India with new outlets in Reliance’s luxury mall

MUMBAI: Gucci, Cartier and Louis Vuitton are among brands to sign leases for stores in Indian tycoon Mukesh Ambani’s...

Published 19 Sep, 2023 02:31pm

South Asia

India-Canada row: What is at stake?

NEW DELHI: Trade talks between India and Canada have taken a hit as tension rises after Prime Minister Justin...

Published 19 Sep, 2023 02:10pm

Technology

China’s Huawei set to re-enter mid-range 5G phone market

SHENZHEN: Huawei may launch a mid-range 5G phone as soon as October, China’s IT Times reported on Tuesday, in what...

Published 19 Sep, 2023 01:52pm

Stocks

Most Gulf markets track oil prices higher; Abu Dhabi flat

Most major stock markets in the Gulf rose in early trade on Tuesday, tracking higher oil prices, although the Abu...

Published 19 Sep, 2023 01:47pm

Sports

WTA roundup: Russian teen wins opener at Guangzhou

Russian 19-year-old Diana Shnaider took down eighth-seeded American Claire Liu 6-1, 6-3 in the first round of the...

Published 19 Sep, 2023 01:38pm

USA

US ‘deeply concerned’ about Canada’s allegations concerning killing of Sikh leader: White House

The US is “deeply concerned” over accusations by Canadian Prime Minister Justin Trudeau linking Indian government...

Published 19 Sep, 2023 01:33pm

Movies & Music

‘The Super Models’, the original influencers, come to Apple TV

PARIS: Naomi, Christy, Linda and Cindy are back, recounting how they revolutionised fashion as the first supermodels...

Published 19 Sep, 2023 01:26pm

Energy

Kenya extends oil supply agreement with three Gulf companies

NAIROBI: Kenya has extended an oil supply deal with three Gulf-based companies to December 2024, the energy...

Published 19 Sep, 2023 01:21pm

Movies & Music

YouTube cuts off Russell Brand’s ad revenues: Sky News

LONDON: YouTube has suspended adverts on Russell Brand’s online videos, Sky News said on Tuesday, after accusations...

Published 19 Sep, 2023 01:10pm

Bullion Rate

Gold hits 2-week high as Fed meeting grabs attention

Gold prices held near two-week highs on Tuesday, with the dollar losing its grip on recent six-month peak, heading...

Published 19 Sep, 2023 01:10pm

Europe

WTO: Ukraine files trade complaint over food ban

GENEVA: The World Trade Organization confirmed on Tuesday that Ukraine had taken the first step in a trade dispute...

Published 19 Sep, 2023 01:07pm

Europe

Russian attack kills one, causes fire in west Ukrainian city of Lviv

KYIV: Russia struck three industrial warehouses in a drone strike on the western Ukrainian city of Lviv early on...

Published 19 Sep, 2023 01:05pm

Sports

Liverpool will give Europa League full respect, says Klopp

Liverpool will approach the Europa League in the “right manner” and have the squad depth to be successful in both...

Published 19 Sep, 2023 01:01pm

Stocks

London stocks muted ahead of key central bank decisions; Kingfisher drops on glum profit forecast

UK stocks were muted at open on Tuesday as investors remain cautious ahead of domestic inflation data and key...

Published 19 Sep, 2023 12:59pm

Financial

Bank of England’s Woods says in impairments among banks are rising

LONDON: Bank of England Deputy Governor Sam Woods said on Tuesday that impairments were rising among banks after...

Published 19 Sep, 2023 12:53pm

Europe

UK in close touch with Canada over ‘serious allegations’ against India

LONDON: Britain said on Tuesday it was in close touch with its Canadian partners about “serious allegations” from...

Published 19 Sep, 2023 12:51pm

Stocks

Hong Kong stocks tick higher at start of business

HONG KONG: Hong Kong stocks edged up in the opening minutes of Tuesday’s trade, with investors biding their time...

Published 19 Sep, 2023 12:33pm

Technology

Musk says X could charge all users ‘small monthly payment’

SAN FRANCISCO: Online platform X could introduce a monthly fee for all users, its owner Elon Musk said Monday,...

Published 19 Sep, 2023 12:17pm

Sports

Iranians give Ronaldo rapturous welcome in Tehran

TEHRAN: Crowds of Iranian football fans gave Cristiano Ronaldo an excited welcome on Monday as his Saudi team...

Published 19 Sep, 2023 12:02pm

Middle East

More than 100 Syrians dead in Libya flood: monitor

BEIRUT: More than 100 Syrians, including entire families, died in flash flooding that killed thousands in Libya’s...

Published 19 Sep, 2023 12:01pm

World

Canada links India to slaying of Sikh exile, expels intel chief

OTTAWA: Canada on Monday accused India’s government of involvement in the killing of a Canadian Sikh leader near...

Published 19 Sep, 2023 11:40am

Europe

US, France, UK, Germany urge Iran to reverse bar on nuclear inspectors

VIENNA: The United States, Britain, France and Germany on Monday called on Iran to “immediately reverse” its...

Published 19 Sep, 2023 11:30am

Europe

Zelensky arrives in US to meet Biden, attend UN meetings

KYIV: Ukrainian President Volodymyr Zelensky on Monday arrived in New York ahead of addressing the UN General...

Published 19 Sep, 2023 11:22am

Commodities

South Korea’s NOFI tenders to buy 138,000 metric tonnes corn

HAMBURG: Leading South Korean feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up...

Published 19 Sep, 2023 11:13am

Europe

Cargo vessel leaves Ukraine’s Chornomorsk after loading grain

KYIV: One cargo vessel carrying grain has left the Ukrainian Black Sea port of Chornomorsk for the first time since...

Published 19 Sep, 2023 11:09am

South Asia

What is known about the murder of Sikh separatist leader in Canada?

Canadian Prime Minister Justin Trudeau said on Monday Canada was “actively pursuing credible allegations” linking...

Published 19 Sep, 2023 11:02am

PM’s meeting with IMF chief at UN: Phasing out of certain SBA conditions highly unlikely

ISLAMABAD: In the event that Caretaker Prime Minister Anwaar-ul-Haq Kakar manages to meet Managing Director...

Updated 19 Sep, 2023 10:57am

PKR slide has doubled capacity payments: PD

Power Secretary Rashid Mahmood Langrial explains that foreign-funded dollar-denominated IPPs have contributed the most

Updated 19 Sep, 2023 10:56am

Sports

Ireland reached Women’s World Cup ‘in spite’ of Pauw, says Caldwell

Ireland defender Diane Caldwell said her team reached the Women’s World Cup “in spite” of their former coach Vera...

Published 19 Sep, 2023 10:41am

Mutual Funds

JGB yields rise as investors eye Fed, BOJ policy meetings

TOKYO: Japanese government bond (JGB) yields inched up on Tuesday, tracking US Treasury yields overnight, as the...

Published 19 Sep, 2023 10:38am

Forex

China’s yuan slips amid caution ahead of big central bank meetings

SHANGHAI: China’s yuan eased slightly against the dollar on Tuesday but found some support above levels seen as red...

Published 19 Sep, 2023 10:32am

Asia

G7 ministers call on China to press Russia to stop aggression in Ukraine

TOKYO: The Group of Seven (G7) on Tuesday called on China to press Russia to stop its aggression in Ukraine after...

Published 19 Sep, 2023 10:28am

Perspectives

There is a missing policy mix when it comes to fiscal discipline

The State Bank of Pakistan (SBP) has raised policy rates by 1,500bps since it started taking action to bring back...

Published 19 Sep, 2023 10:25am

Stocks

Asia stocks slide amid China woes, Japan catches up on chip sell-off

TOKYO: Asian shares sank on Tuesday, as worries about the Chinese property sector weighed on markets from Hong Kong...

Published 19 Sep, 2023 10:06am

Stocks

Nikkei falls ahead of central bank meetings, chip shares drag

TOKYO: Japan’s Nikkei share average fell more than 1% on Tuesday, with chip-related stocks leading the decline, as...

Published 19 Sep, 2023 10:21am

Forex

Euro gains; yen flounders ahead of central bank bonanza

SINGAPORE: The euro clung to gains on Tuesday following hawkish comments from European Central Bank (ECB)...

Published 19 Sep, 2023 10:18am

Financial

Japan’s central bank will keep stimulus for now as risks grow

TOKYO: The Bank of Japan will likely keep interest rates ultra-low on Friday and reassure markets that monetary...

Published 19 Sep, 2023 10:11am

Financial

EU watchdog scrutinises banks’ defences after SVB, Credit Suisse woes

LONDON: Most leading euro zone banks have met a January 2024 target for issuing special debt to replenish capital in...

Published 19 Sep, 2023 10:02am

World

Australian pension fund chief bullish on private equity, debt deals

SYDNEY: The next 18 months is an ideal time for unlisted asset deals, said the head of one of Australia’s largest...

Published 19 Sep, 2023 09:56am

Asia

IAEA, Japan agree on continuous safety review of Fukushima water

TOKYO: The International Atomic Energy Agency (IAEA) agreed with Japan on its continuous safety review of the...

Published 19 Sep, 2023 09:49am

World leaders warn goals to fight hunger, poverty, climate change in peril

UNITED NATIONS: World leaders meeting at the United Nations on Monday warned of the peril the world faces unless it...

Updated 19 Sep, 2023 09:45am

Stay order on implementation of SC Act vacated

ISLAMABAD: The Supreme Court of Pakistan on Monday lifted a stay order on the implementation of the Supreme Court...

Updated 19 Sep, 2023 09:43am

Business & Finance

PSM employees: ECC may approve Rs1.244bn for payment of salaries

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve an amount of Rs 1.244...

Updated 19 Sep, 2023 09:43am

Mid-Year Performance Review: Macroeconomic environment remains challenging: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that the macroeconomic environment remains challenging...

Updated 19 Sep, 2023 09:42am

Dasu Transmission Line: World Bank warns against cancellation of contracts

ISLAMABAD: The World Bank has warned that cancellation of the awarded contracts of 765 kV Double Circuit Dasu...

Updated 19 Sep, 2023 09:41am

July LSMI output contracts 1.09pc YoY

ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) output registered negative 3.62 percent growth in July...

Updated 19 Sep, 2023 09:11am

To be applicable from July 1, 2023: Govt set to approve transition of LIBOR to ‘SOFR’

ISLAMABAD: The government is all set to approve transition of London Interbank Offer Rate (LIBOR) to Secured Over...

Updated 19 Sep, 2023 09:10am

Pakistan

Bilawal steps up pressure on ECP

OKARA: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Monday demanded again the immediate...

Updated 19 Sep, 2023 09:04am

Pakistan

ECP takes step to defog election scene step by step

ISLAMABAD: Facing the ire of public and political circles over its failure to ensure the timely conduct of general...

Updated 19 Sep, 2023 09:02am

BR’s refresher: your morning briefing for the

Important updates from September 18, 2023

Published 19 Sep, 2023 09:01am

BR Research

LSM: low base in play

The Large-Scale Manufacturing (LSM) marked the thirteenth consecutive month of negative year-on-year growth – an...

Published 19 Sep, 2023 08:53am

BR Research

FDI in 2MFY24

Foreign direct investment in the country has been falling continuously; it diminished by 25 percent year-on-year to...

Published 19 Sep, 2023 08:51am

BR Research

Good Luck Industries Limited

Good Luck Industries Limited (PSX: GIL) was incorporated in Pakistan as a public limited company in 1967. The...

Published 19 Sep, 2023 08:48am

Opinion

How far ahead of Pakistan is India?—I

The G20 Summit in New Delhi on September 9-10 should have been an eye-opener for Pakistan. However, it does not seem...

Updated 19 Sep, 2023 07:38am

Opinion

Early warning signs

The first quarter of 2023-24 is about to come to an end. It has been an eventful quarter. It started well with the...

Updated 19 Sep, 2023 07:32am

Opinion

PARTLY FACETIOUS: Kakar represents the most powerful constituency

“So Kakar has gone off to the US to represent the people of Pakistan.” “Phew.” “Where did that come...

Updated 19 Sep, 2023 07:27am

Pakistan

Uplift projects to make Pakistan climate resilient: Ministry committed to facilitate World Bank: minister

ISLAMABAD: Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed said that the...

Updated 19 Sep, 2023 07:24am

Pakistan

Dawlance commemorates World Ozone Day

KARACHI: Dawlance is the leading producer of refrigerators and a wide range of home appliances in Pakistan. Dawlance...

Updated 19 Sep, 2023 07:22am

Pakistan

Climate change: Collective efforts needed to tackle challenge: governor

LAHORE: Punjab Governor Baligh-ur-Rehman has underlined the need of collective efforts to tackle the challenge of...

Updated 19 Sep, 2023 07:21am

Pakistan

CJP refuses VIP protocol

ISLAMABAD: The newly-sworn in Chief Justice of Pakistan, Justice Qazi Faez Isa, on Monday opted for a modest ...

Published 19 Sep, 2023 07:15am

Pakistan

FO rejects US-based online media outlet report

ISLAMABAD: The Foreign Office, on Monday, rubbished a media report which claims that the US helped Pakistan get the...

Published 19 Sep, 2023 07:15am

Pakistan

MoD tells IHC it has no role in ‘audio leaks’

ISLAMABAD: The Ministry of Defence on Monday informed the Islamabad High Court (IHC) that it had no role in ...

Published 19 Sep, 2023 07:15am

Pakistan

Court asks why IK not allowed telephonic talk with sons

ISLAMABAD: The special court hearing the cypher case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, PTI...

Published 19 Sep, 2023 07:15am

Pakistan

Australian HC underscores need for greater participation of women in economy

ISLAMABAD: Neil Hawkins, Australia’s High Commissioner to Pakistan stressed upon the need for increasing women’s...

Published 19 Sep, 2023 07:15am

Companies

Jazz invests over Rs13.8bn during H1 2023

ISLAMABAD: Amid a challenging macroeconomic environment, Jazz, Pakistan’s leading digital operator, has invested...

Published 19 Sep, 2023 06:55am

Pakistan

POL price hike: Railways hikes fares by 5pc

ISLAMABAD: Following an increase in fuel prices, the Pakistan Railways (PR) has announced an increase of five ...

Published 19 Sep, 2023 06:51am

World

Scandal-hit UK business lobby explores funding options

LONDON: Britain’s scandal-hit business lobby, the CBI, said Monday it was “exploring options” following ...

Published 19 Sep, 2023 06:47am

South Asia

Indian lawmakers bid farewell to British-era parliament building

NEW DELHI: Prime Minister Narendra Modi and lawmakers paid tribute on Monday to India’s parliament on the eve of...

Published 19 Sep, 2023 06:44am

Pakistan

The Weather

KARACHI: The weather report on Monday (September 18, 2023) and the forecast for Tuesday (September 19, 2023)...