News Archives for Latest - 2023-09-21

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ICC World Cup 2023: Upcoming fixtures

INDIA vs SOUTH AFRICA Sunday 05 November 2023 - 1:30PM BANGLADESH vs SRI LANKA Monday 06 November 2023 - 1:30PM...

Updated 19 Nov, 2023 09:06pm

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Updated 27 Sep, 2023 03:35pm

Pakistan

PM Kakar says Canada row a wake-up call for India

Premier says ideologues of Hindutva are becoming emboldened in a manner that they are now going beyond the region

Published 21 Sep, 2023 11:06pm

Middle East

Kuwaiti PM says Iraqi ruling on maritime navigation contains 'historical fallacies'

Kuwait's Prime Minister Sheikh Ahmad Nawaf al-Sabah described an Iraqi ruling on regulating navigation in the Khor...

Published 21 Sep, 2023 11:22pm

World

Biden national security adviser says we are in contact with India, Canada about murder probe

WASHINGTON: The United States is in touch with India and Canada after Ottawa said Indian government agents had links...

Published 21 Sep, 2023 10:56pm

South Asia

No reason for Canadian pension funds to back out from India: India trade official

India sees no reason for Canadian pension funds to back out from the country given higher returns for Ottawa, an...

Published 21 Sep, 2023 10:01pm

Stocks

UK stocks fall as BoE joins hold and higher for longer chorus

London stocks ended lower on Thursday but trimmed losses earlier in the day after the Bank of England held interest...

Published 21 Sep, 2023 09:51pm

Stocks

European shares slide as hawkish central banks spark interest rate jitters

European shares fell over 1% in a broad-based selloff on Thursday, pressured by rising bond yields as major central...

Published 21 Sep, 2023 09:49pm

Markets

Collect more taxes from the wealthy, protect the poor: IMF chief to Pakistan

Remarks come after IMF Managing Director Kristalina Georgieva meets Pakistan's Caretaker Prime Minister Anwaar-ul-Haq Kakar on sidelines of ongoing UNGA session in New York

Updated 21 Sep, 2023 09:48pm

USA

Yellen signals support for windfall tax on frozen Russian assets

WASHINGTON: U.S. Treasury Secretary Janet Yellen has voiced support for a European Union plan to impose a windfall...

Published 21 Sep, 2023 09:47pm

USA

Canada's Trudeau wants India to cooperate in murder probe, won't release evidence

NEW YORK: Canadian Prime Minister Justin Trudeau on Thursday called on India to cooperate with an investigation...

Published 21 Sep, 2023 09:40pm

Luxury

Here are some of the world’s 50 best hotels for 2023

Passalaqua, overlooking Lake Como, came out ahead in the first-ever edition of the World’s Best Hotels list, which...

Updated 21 Sep, 2023 09:39pm

Business & Economy

PM Kakar meets Rio Tinto CEO to discuss investment opportunities in Pakistan's mining sector

Jakob Stausholm assures the caretaker premier his team will coordinate with relevant authorities to explore business prospects in the country

Published 21 Sep, 2023 09:30pm

Pakistan

Sindh govt announces public holiday on Sept 29 on account of 12 Rabiul Awwal

The interim Sindh government on Thursday announced a public holiday on 12 Rabiul Awwal, which would fall on...

Published 21 Sep, 2023 09:19pm

Business & Economy

Privatisation process initiated to make govt entities profitable: Fawad

Says caretaker setup is within the mandate entrusted upon by previous elected govt

Published 21 Sep, 2023 08:49pm

Sports

Rain washes out 1st Bangladesh v New Zealand ODI

DHAKA: Incessant rain washed out the first one-day international between Bangladesh and New Zealand in Dhaka on...

Updated 21 Sep, 2023 08:41pm

Pakistan

Afghanistan's interim govt must take 'solid practical steps' against TTP: FM Jilani

Foreign minister terms presence of several terrorist groups in Afghanistan as a grave concern

Updated 21 Sep, 2023 08:27pm

Companies

Rupert Murdoch hands leadership of media empire to son Lachlan

NEW YORK: Rupert Murdoch will step down as chairman of his media empire, a conservative behemoth that helped shape...

Updated 21 Sep, 2023 07:51pm

Pakistan

Eight terrorists killed, five arrested in Khyber Pakhtunkhwa IBOs: ISPR

Militants were involved in facilitating a motorcycle-borne suicide attack that martyred nine soldiers, the military's media wing says

Updated 21 Sep, 2023 07:51pm

South Asia

New Delhi seeking ‘reduction’ in Canadian diplomats in India as row escalates

NEW DELHI: New Delhi said Thursday it is seeking the reduction of Canadian diplomatic staff in India and has stopped...

Published 21 Sep, 2023 07:48pm

Stocks

Most Gulf markets gain despite hawkish Fed

Most stock markets in the Gulf ended higher on Thursday despite the U.S. Federal Reserve stiffening its hawkish...

Published 21 Sep, 2023 07:42pm

Forex

Pakistan’s central bank reserves increase $56mn, now stand at $7.7bn

Dollar stockpile with State Bank of Pakistan rises after declining for 4 straight weeks

Published 21 Sep, 2023 07:41pm

Luxury

Pakistan’s fashion heavyweights all set to begin exhibits in Dubai this week

Pakistan’s fashion heavyweights are converging in Dubai, set to hold a series of trunk shows and independent...

Updated 21 Sep, 2023 07:40pm

Energy

Oil rebounds to climb $1 as Russia bans most fuel exports

LONDON: Oil prices rebounded from $1 down to $1 up in trading on Thursday, after a Russian ban on fuel exports...

Updated 21 Sep, 2023 07:37pm

Energy

Russia temporarily bans fuel exports to most countries in response to shortages

MOSCOW: Russia has temporarily banned exports of gasoline and diesel to all countries outside a circle of four...

Published 21 Sep, 2023 07:33pm

Stocks

Nasdaq slides over 1% as growth stocks fall after hawkish Fed drives up yields

Nasdaq led declines in key Wall Street indexes on Thursday as a jump in Treasury yields knocked down growth stocks...

Published 21 Sep, 2023 07:23pm

Cricket

Australia’s Cummins sees India ODIs as key World Cup preparation

MOHALI: Australian captain Pat Cummins said on Thursday he had fully recovered from a wrist injury and hoped to play...

Published 21 Sep, 2023 07:19pm

Life & Style

Pakistan’s first Miss Universe? Solangi says no one selected to represent country: report

His statement came before Erica Robin was crowned Miss Universe Pakistan in ceremony in Maldives

Published 21 Sep, 2023 07:15pm

USA

US current account deficit narrows in second quarter

WASHINGTON: The U.S. current account deficit narrowed sharply in the second quarter as surpluses on services and...

Published 21 Sep, 2023 07:01pm

Technology

Cisco beefs up cybersecurity play with $28bn Splunk deal

Cisco Systems has agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to beef up...

Published 21 Sep, 2023 06:56pm

Forex

12th successive gain: rupee settles at 292.78 against US dollar

Appreciates 0.38% in inter-bank market on Thursday

Updated 21 Sep, 2023 06:49pm

Pakistan

Elections to be held in last week of January: ECP

Says initial list for delimitation of constituencies will be published on September 27

Updated 21 Sep, 2023 06:43pm

Cricket

Bangladesh hire India’s Sriram as World Cup consultant

DHAKA: Former India all-rounder Sridharan Sriram will join the Bangladesh cricket team as a technical consultant for...

Published 21 Sep, 2023 06:35pm

Stocks

KSE-100 gains 313 points as ECP announces election week

After back to back dull sessions, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index saw a brief rally...

Published 21 Sep, 2023 06:32pm

Europe

Zelensky arrives in Washington, says air defence aid ‘top issue’

KYIV: Ukrainian President Volodymyr Zelensky on Thursday arrived in Washington to hold talks on securing more US...

Published 21 Sep, 2023 06:19pm

Business & Economy

Dr Shamshad shares salient features of draft SOEs policy

Caretaker finance minister says majority of directors on their boards should be independent

Updated 21 Sep, 2023 06:13pm

Currency

Open-market: rupee improves slightly against US dollar

Quoted at 296 for selling and 293 for buying purposes, according to ECAP data

Updated 21 Sep, 2023 05:57pm

Money & Banking

Bank of England halts run of interest rate hikes as economy slows

LONDON: The Bank of England halted its long run of interest rate increases on Thursday as the British economy...

Published 21 Sep, 2023 05:48pm

Africa

IMF reaches deal with Malawi on $174mn new loan

BLANTYRE: The International Monetary Fund (IMF) reached an agreement with Malawi for a new loan of about $174...

Published 21 Sep, 2023 05:34pm

South Asia

Syria’s Assad in China, seeks exit from diplomatic isolation

BEIJING: Syrian President Bashar al-Assad has arrived in China’s eastern city of Hangzhou, kicking off his first...

Published 21 Sep, 2023 05:27pm

Commodities

Asia rice: India’s export curbs stall trade; prices in other hubs decline

Vietnamese and Thai rice export rates declined further from recent highs this week, while India’s curbs on parboiled...

Published 21 Sep, 2023 05:13pm

Money & Banking

Turkiye central bank remains hawkish with rate hike to 30%

ISTANBUL: Turkiye’s central bank raised its key interest rate by a lofty 500 basis points to 30% on Thursday as...

Published 21 Sep, 2023 05:09pm

Energy

Shell seeks partners for renewable assets in India

LONDON: Shell is seeking partners to invest in renewable assets developed and operated by its Indian business Sprng...

Published 21 Sep, 2023 05:05pm

Stocks

India shares close at two-week low as hawkish Fed spooks investors

BENGALURU: India’s benchmark indexes on Thursday closed at a two-week low in a broad-based selloff, after the U.S....

Published 21 Sep, 2023 05:01pm

Stocks

Sri Lanka shares end lower as financials weigh

CSE All Share index settled down 0.6% at 11,207.98

Published 21 Sep, 2023 04:58pm

Commodities

Palm hits three-month closing low tracking soyoil decline

SINGAPORE: Malaysian palm oil futures ended at a three-month closing low on Thursday, mirroring steep declines in...

Published 21 Sep, 2023 04:56pm

Markets

After UAE restriction, TOMCL says will continue meat exports to UAE via sea

The Organic Meat Company Limited (TOMCL), a Pakistani meat processor, has said that it will continue to export...

Updated 21 Sep, 2023 04:20pm

Pakistan

Sheikh Rashid’s Lal Haveli residence in Rawalpindi sealed

Former minister approaches Lahore High Court

Updated 21 Sep, 2023 04:18pm

Literature

‘Game of Thrones’ author, other writers sue ChatGPT creator over copyrights

SAN FRANCISCO: ‘Game of Thrones’ author George RR Martin and other best-selling fiction writers have filed a...

Published 21 Sep, 2023 03:14pm

Markets

Sri Lanka August consumer price inflation eases to 2.1%

COLOMBO: Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by...

Published 21 Sep, 2023 02:44pm

Luxury

Charles III urges France, UK to ‘reinvigorate’ ties at lavish Versailles banquet

VERSAILLES, France: King Charles III on Wednesday issued a call for France and the UK to reinvigorate their...

Published 21 Sep, 2023 02:14pm

South Asia

India visa processor in Canada says told to stop services

NEW DELHI: India’s official visa processor in Canada said Thursday it had been told to stop handling applications,...

Updated 21 Sep, 2023 01:53pm

Markets

Swiss National Bank in wait and see mode after pausing rate hikes

ZURICH: The Swiss National Bank has entered “wait and see mode” it said on Thursday after a surprise decision to...

Published 21 Sep, 2023 01:40pm

Stocks

Europe stocks slide after Fed hike hint, before BoE

LONDON: European stock markets opened lower Thursday after the Federal Reserve indicated it could hike interest...

Published 21 Sep, 2023 12:53pm

Commodities

Palm falls to one-week low as weaker rivals outweigh export data

SINGAPORE: Malaysian palm oil futures fell to their lowest in over a week on Thursday, tracking weakness in rival...

Published 21 Sep, 2023 12:47pm

Forex

Indian rupee slips but dollar sales by exporters limit downside

MUMBAI: The Indian rupee was slightly weaker in early trading on Thursday as dollar sales by exporters countered...

Published 21 Sep, 2023 12:44pm

Markets

Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024

Goldman Sachs economists said they now expect the US Federal Reserve to begin its interest rate-cutting cycle in the...

Published 21 Sep, 2023 12:41pm

Energy

China’s 2023 natural gas demand may rise 8%: CNOOC

TIANJIN: China’s natural gas demand this year is expected to grow by 8% from 2022 to 396.4 billion cubic metres...

Published 21 Sep, 2023 12:29pm

Sports

South Africa make two changes to World Cup squad due to injuries

South Africa will be without fast bowler Anrich Nortje and all-rounder Sisanda Magala for the Cricket World Cup in...

Published 21 Sep, 2023 12:15pm

South Asia

Canada gathers allies as tensions rise with India over Sikh leader’s murder

OTTAWA: Canada this week divulged it had intelligence possibly linking Indian government agents to the murder of a...

Published 21 Sep, 2023 12:09pm

Sports

Kane justifies ‘price tag’ but Bayern not finished article

MUNICH: Harry Kane continued his successful start to life with Bayern Munich in Wednesday’s Champions League win...

Published 21 Sep, 2023 11:55am

World

Iran president says Saudi ties with Israel would betray Palestinians

UNITED NATIONS: Iranian President Ebrahim Raisi on Wednesday accused regional rival Saudi Arabia of b

Published 21 Sep, 2023 11:51am

Asia

Beijing, Moscow must deepen cooperation: China foreign minister

BEIJING: Beijing’s top diplomat told President Vladimir Putin that China and Russia must work to strengthen...

Published 21 Sep, 2023 11:42am

Europe

Germany to host Ukraine reconstruction talks next year

BERLIN: Germany will host an international conference on the reconstruction of Ukraine next year, Chancellor Olaf...

Published 21 Sep, 2023 11:34am

Europe

King Charles to address French Senate after urging stronger France-UK ties

PARIS: King Charles III on Thursday follows in his mother Queen Elizabeth II’s footsteps by addressing lawmakers in...

Published 21 Sep, 2023 11:30am

Financial

Bank of England faces rate-hike dilemma

LONDON: The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the...

Published 21 Sep, 2023 11:24am

Financial

Turkiye expected to hike interest rate to 20-year high

ISTANBUL: Turkiye’s central bank was expected Thursday to dramatically raise its key interest rate for the second...

Published 21 Sep, 2023 11:20am

Sports

Despite Messi early exit, Miami put four past Toronto

FORT LAUDERDALE: Inter Miami shrugged off an injury concern to Lionel Messi to boost their Major League Soccer...

Published 21 Sep, 2023 11:14am

Europe

Russia attacks Ukrainian cities overnight, two dead in Kherson

KYIV: Several Ukrainian cities were targeted by Russian attacks overnight, leaving two dead in Kherson on Thursday...

Published 21 Sep, 2023 11:09am

Sports

Top seed Jabeur crashes out of WTA Guadalajara Open

GUADALAJARA: Top seed Ons Jabeur was sent crashing out of the WTA 1000 Guadalajara Open on Wednesday, losing a...

Published 21 Sep, 2023 11:03am

Asia

Explosion at hospital near Indonesia capital, bomb squad on location

JAKARTA: An explosion occurred at a hospital near the Indonesian capital Jakarta on Thursday and a bomb squad had...

Published 21 Sep, 2023 10:57am

World

Iran’s Raisi sees no obstacle to restoring ties with Egypt

CAIRO: Iran’s President Ebrahim Raisi said a meeting of the Iranian and Egyptian foreign ministers in New York could...

Published 21 Sep, 2023 10:53am

Stocks

China, Hong Kong stocks drop on hawkish US Fed stance

HONG KONG: China and Hong Kong stocks slipped on Thursday as risk sentiment took a blow after the US Federal...

Published 21 Sep, 2023 10:48am

Forex

China’s yuan slips past key threshold after Fed’s hawkish rate pause

SHANGHAI: China’s yuan slipped to a more than one-week low against a strengthening dollar and breached a key...

Published 21 Sep, 2023 10:44am

Sports

Federer hopes to captain Team Europe in Laver Cup one day

Roger Federer said he enjoys being a part of the tennis community after his retirement last year and expressed an...

Published 21 Sep, 2023 10:40am

Forex

Asian currencies drop after US dollar gains on hawkish Fed (.)

Asian currencies fell on Thursday as capital outflows and the US Federal Reserve’s hawkish stance on monetary policy...

Published 21 Sep, 2023 10:38am

Stocks

India shares dip for third straight day on hawkish Fed

India’s benchmark indexes extended declines for the third consecutive session on Thursday, dragged by IT stocks,...

Published 21 Sep, 2023 10:34am

Asia

Syria’s Assad arrives in China for opening event of Asian Games

BEIJING: Syrian President Bashar al-Assad has arrived in China’s eastern city of Hangzhou, state media said on...

Published 21 Sep, 2023 10:30am

Stocks

Stocks retreat, US yields advance, dollar strengthens on hawkish Fed

HONG KONG: Asian stocks followed Wall Street’s lead on Thursday, dipping across the board as investors interpreted...

Published 21 Sep, 2023 10:21am

Europe

Zelenskiy presses case for more help with US hedge fund, tech titans

NEW YORK: Ukrainian President Volodymyr Zelenskiy on Wednesday pressed his case for financial help for his country...

Published 21 Sep, 2023 10:17am

Bullion Rate

Gold prices dip as US Fed hardens hawkish policy stance

Gold prices retreated on Thursday as the US dollar and bond yields powered higher after the

Published 21 Sep, 2023 10:09am

Forex

Australia, NZ dollars give up rally after hawkish Fed; bonds battered

SYDNEY: The Australian and New Zealand dollars gave up gains on Thursday as the US Federal Reserve stiffened its...

Published 21 Sep, 2023 10:06am

Stocks

Australian shares fall on hawkish Fed; NZ inches higher on GDP data

Australian shares slid on Thursday, in line with global markets after the US central bank stiffened its hawkish...

Published 21 Sep, 2023 10:02am

Stocks

Japan’s Nikkei falls over 1% after Fed warns of higher rates for longer

TOKYO: Japan’s Nikkei share average declined more than 1% on Thursday, as technology heavyweights tracked their US...

Published 21 Sep, 2023 09:58am

World

Saudi crown prince says getting 'closer' to Israel normalization: Fox interview

WASHINGTON: Saudi Arabian Crown Prince Mohammed bin Salman said in a U.S. television interview that his country was...

Updated 21 Sep, 2023 09:55am

Govt reconstitutes CCIGCT to negotiate G2G agreement

ISLAMABAD: The Federal Government has reconstituted Cabinet Committee on Inter-Governmental Commercial Transactions...

Updated 21 Sep, 2023 09:54am

IBRD, AIIB loans for T5HP: Wapda to seek extension of closing date

ISLAMABAD: Water and Power Development Authority (Wapda) is to seek extension in closing date of $390 million IBRD...

Updated 21 Sep, 2023 09:54am

Forex

Yen worries increase as dollar strengthens after Fed

TOKYO: The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a...

Published 21 Sep, 2023 09:43am

Pakistan

CJP, Justice Masood discuss with PBC, SCBA members mechanism aimed at reducing backlog of cases

ISLAMABAD: Chief Justice of Pakistan Qazi Faez Isa and senior puisne judge Sardar Tariq Masood on Wednesday...

Updated 21 Sep, 2023 09:43am

NEECA again transferred to Power Division

ISLAMABAD: The government has once again transferred National Energy Efficiency & Conservation Authority (NEECA)...

Updated 21 Sep, 2023 09:39am

ADB revises growth downward to 1.9pc: Inflation revised upward to 25pc from 15pc

ISLAMABAD: The Asian Development Bank (ADB) has revised Pakistan’s GDP growth forecast for the fiscal year 2024 down...

Updated 21 Sep, 2023 09:37am

BR Research

Electricity generation recovery begins?

It seems the needle is finally moving on electricity generation front. Having stayed in the red for over a year,...

Published 21 Sep, 2023 09:26am

BR Research

Look what you made them do!

Analysts have been indicating that cement manufacturers will soon partake in a healthy dose of what they call “price...

Published 21 Sep, 2023 09:21am

BR Research

Mari Petroleum Company Limited

By operating the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, Mari Petroleum Company Limited...

Published 21 Sep, 2023 09:14am

PPIB: FD’s nomination for representation rejected

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Updated 21 Sep, 2023 09:10am

FBR tells Senate body: Rs37bn ‘solar panel scam’ to be probed under AML

ISLAMABAD: The Federal Board of Revenue (FBR) has informed the Senate Standing Committee on Finance that over Rs37...

Updated 21 Sep, 2023 09:05am

BoI: Reconstituted BoD yet to convene any meeting

ISLAMABAD: Twenty-five members of the board of directors of the Board of Investment (BoI) have failed to convene a...

Updated 21 Sep, 2023 08:54am

AC urged to reopen references against Nawaz, Zardari, others

ISLAMABAD: In pursuance of the Supreme Court’s judgment on the National Accountability Ordinance, the National...

Updated 21 Sep, 2023 08:50am

Debt challenges facing 59 countries: PM urges world to find durable solution

Proper implementation of the development agenda is only possible with global and regional cooperation, he says

Updated 21 Sep, 2023 08:46am

Taxes

Right to seek automated refunds: IHC issues notices to FBR chairman, others

ISLAMABAD: Islamabad High Court (IHC) has issued notices to Chairman Federal Board of Revenue and Chief Commissioner...

Updated 21 Sep, 2023 08:46am

BR’s refresher: your morning briefing for the day

Important updates from September 20, 2023

Published 21 Sep, 2023 08:44am

Opinion

Immovable fixed asset valuation and equity formation

We know the influence the IMF brings to bear on central bankers and policy makers in the developing world and we ...

Published 21 Sep, 2023 07:02am

Technology

Startups crucial to keeping economy on investors’ radar: Paismo co-founder Rebecka Zavaleta

KARACHI: Startups across the world may be struggling, but in Pakistan’s case, there is an added trouble – its...

Published 21 Sep, 2023 06:50am

Opinion

UFG: the elephant in the room

Natural gas is the most important energy source in Pakistan’s energy mix providing 40% of its primary energy...

Published 21 Sep, 2023 06:37am

World

Climate crisis has ‘opened the gates to hell’, UN chief tells summit

UNITED NATIONS: UN Secretary-General Antonio Guterres on Wednesday told world leaders humanity’s addiction to...