News Archives for Latest - 2023-10-06

Forex

Rupee records 22nd consecutive gain, settles at 282.69 against US dollar

Local currency has appreciated 8.6% since it hit a record low of 307.1 in inter-bank market on Sept 5

Updated 06 Oct, 2023 11:51pm

Markets

Govt may raise PDL on diesel to Rs60 as declining sales dent target: JS Global

The government in its bid to achieve revenue targets assigned by the International Monetary Fund (IMF) may increase...

Updated 06 Oct, 2023 11:43pm

Pakistan

Report submitted to LHC shows Nawaz has ‘residual anginal symptoms’

Report says Nawaz has some residual anginal symptoms which would require frequent follow-up investigations in London and Pakistan

Updated 06 Oct, 2023 11:40pm

Pakistan

Caretaker FM Jilani defends decision to expel illegal immigrants

BEIJING: Pakistan’s Caretaker Foreign Minister Jalil Abbas Jilani defended on Thursday an order that all illegal...

Updated 06 Oct, 2023 11:29pm

Pakistan

Pakistan seeks ‘orderly departure’ of illegal immigrants: FO spokesperson

It could start with people with criminal records, says Mumtaz Zahra Baloch

Updated 06 Oct, 2023 11:15pm

World

Biden says Xi meeting next month is 'a possibility'

WASHINGTON: US President Joe Biden said Friday he may meet Chinese leader Xi Jinping at a summit in San Francisco in...

Published 06 Oct, 2023 11:05pm

Pakistan

Action against illegal activities to continue with full force: COAS

Army chief visits Karachi, attends meeting of Sindh Apex Committee

Updated 06 Oct, 2023 11:03pm

Energy

AHL expects decline in petroleum prices by up to Rs41 per litre

Petroleum prices are expected to see a decline in the next announcement amid a significant decline in international...

Updated 06 Oct, 2023 11:00pm

Europe

Zelensky warns Russia will 'again try to destroy' power grid

KYIV: Ukrainian President Volodymyr Zelensky warned Friday that Russia will "again try to destroy" Ukraine's power...

Published 06 Oct, 2023 10:59pm

World

New Russian strikes on Ukraine kill two in Kharkiv, hit port facilities in south

KHARKIV: Russia unleashed new air strikes on Ukraine early on Friday, killing a 10-year-old boy and his grandmother...

Published 06 Oct, 2023 10:49pm

Stocks

KSE-100 sees bullish week with 2.73% gain

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed in the green on Friday, extending gains for the...

Updated 06 Oct, 2023 10:43pm

Pakistan

Nawaz’s return to Pakistan on Oct 21 is final, says Shehbaz

Former prime minister snubs talks of delay in elder brother's arrival

Updated 06 Oct, 2023 10:08pm

Sports

Pakistan beat Netherlands by 81 runs in World Cup

HYDERABAD: Pakistan beat the Netherlands by 81 runs to open their World Cup campaign in Hyderabad on Friday, after...

Updated 06 Oct, 2023 09:23pm

Stocks

Wall Street drops after jobs data, eyes weekly losses

Wall Street’s main indexes fell on Friday after a strong jobs report deepened fears that interest rates may stay...

Published 06 Oct, 2023 08:33pm

Cricket

India’s Gill doubtful for Australia match due to dengue fever

CHENNAI: India’s Shubman Gill has got dengue fever but coach Rahul Dravid said the in-form opener has not yet been...

Published 06 Oct, 2023 08:28pm

Stocks

TSX set for third weekly loss as robust jobs data fuel rate hike fears

Canada’s main stock index tumbled on Friday, marking its third consecutive weekly decline, as domestic and U.S. data...

Published 06 Oct, 2023 08:11pm

Sports

Standing out in the crowd: a Pakistan fan at India’s World Cup

HYDERABAD: He has survived a heart attack, suffers from diabetes and has just travelled more than 8,200 miles...

Published 06 Oct, 2023 07:41pm

Markets

India’s forex reserves drop for 4th week, fall to over 5-month low

MUMBAI: India’s foreign exchange reserves declined for a fourth straight week to $586.91 billion, the lowest in more...

Published 06 Oct, 2023 07:02pm

Europe

French ex-president Sarkozy charged in witness tampering probe

PARIS: Former French president Nicolas Sarkozy was on Friday charged as part of an investigation into possible...

Published 06 Oct, 2023 06:46pm

Forex

Open-market: rupee at 281.5-278.5 against US dollar, under inter-bank rate

The Pakistani rupee maintained its momentum against the US dollar in the open-market on Friday, gaining beyond its...

Updated 06 Oct, 2023 06:28pm

Energy

PPL sees production gain, it says

Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, said it has seen a significant...

Published 06 Oct, 2023 06:20pm

test

Published 06 Oct, 2023 06:18pm

Stocks

Dubai index tracks global shares higher, Abu Dhabi falls

Dubai’s stock index closed higher on Friday, following global equities over hopes of a subdued U.S. payrolls number...

Published 06 Oct, 2023 06:04pm

Energy

Global LNG: Asia spot prices retreats from 7-month high on tepid demand

LONDON: Asian spot liquefied natural gas (LNG) prices retreated from a seven-month high as demand remained muted due...

Published 06 Oct, 2023 05:58pm

Energy

Oil prices hold steady, Russia rolls back diesel export ban

LONDON: Oil prices were stable but on course for a week-on-week loss, as demand fears due to macroeconomic headwinds...

Updated 06 Oct, 2023 05:54pm

Arts

Local in focus: 5 porcelain brands on our radar

Pakistan is no stranger to porcelain and clay accessories as it traces roots back to Hala pottery and the stunning...

Updated 06 Oct, 2023 05:36pm

Pakistan

Dubai-based Pakistani astronaut Namira Salim to fly to space today

Longing to become Pakistan's first space tourist, she bought a ticket for the suborbital flight way back in 2006 for $200,000

Published 06 Oct, 2023 05:32pm

Commodities

Asia gold: India premiums spike as jewellers stock up for festive season

Physical gold demand improved in some Asian hubs this week as a dip in prices attracted buyers, with premiums in...

Published 06 Oct, 2023 05:27pm

Companies

Disney in talks with Adani, Sun TV to sell India assets

BENGALURU: Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as...

Published 06 Oct, 2023 05:02pm

Africa

IMF staff, Ghana agree first review of $3bn programme

ACCRA: The International Monetary Fund and Ghana’s government have reached a staff-level agreement on the first...

Published 06 Oct, 2023 04:46pm

Stocks

Rate-sensitive sectors lead rise in Indian shares on central bank pause

BENGALURU: Indian shares advanced on Friday, led by gains in rate-sensitive sectors like auto, financials and...

Published 06 Oct, 2023 04:35pm

Stocks

Sri Lanka shares end lower, weighed by financials

CSE All Share index settled down 0.51% at 10,987.12

Published 06 Oct, 2023 04:31pm

Commodities

Copper heads for the LME week with steep weekly decline

LONDON: Copper prices rose in London on Friday, but were heading for their biggest weekly drop in five months due to...

Published 06 Oct, 2023 04:28pm

Commodities

Palm oil futures log 4.4% weekly loss on sluggish overseas demand

NEW DELHI: Malaysian palm oil futures closed lower on Friday, extending losses for a third straight session and...

Published 06 Oct, 2023 04:26pm

Movies & Music

Advance ticket sales for Taylor Swift concert movie top $100mn

NEW YORK: Advance ticket sales for the movie of Taylor Swift’s ‘Eras’ tour have topped $100 million worldwide,...

Updated 06 Oct, 2023 03:53pm

Europe

UN rights chief deploys field team to probe missile strike on Ukrainian village of Hroza

GENEVA: The United Nations High Commissioner for Human Rights (OHCHR) deployed a field team on Friday to investigate...

Published 06 Oct, 2023 03:16pm

Sports

Bangladesh expect high scores at Dharamsala in World Cup

BENGALURU: The last time Dharamsala hosted a one-day international in 2017, India’s mighty batting line-up was...

Published 06 Oct, 2023 03:13pm

Forex

Rouble recovers after slump to seven-week low past 101 vs dollar

The Russian rouble recovered ground on Friday, after weakening to a more than seven-week low past 101 against the...

Published 06 Oct, 2023 03:08pm

Asia

IAEA panel will visit Fukushima nuclear plant later this month, Japan says

TOKYO: Japan on Friday said a task force from the International Atomic Energy Agency (IAEA) will visit the Fukushima...

Published 06 Oct, 2023 03:05pm

Pakistan

Dr Khalid Hameed nominated as member of HEC Council

Dr Khalid Hameed, Chairman Tara Group Pakistan, has been nominated as the Member of Higher Education Commission’s...

Published 06 Oct, 2023 03:05pm

South Asia

5 dead after tree crushes bus in Sri Lanka capital

COLOMBO: Five passengers were crushed to death in Sri Lanka on Friday when a large tree fell on a state-run bus in...

Published 06 Oct, 2023 02:37pm

Middle East

Syria buries dead after military academy drone attack

HOMS: Relatives and officials gathered in the central Syrian city of Homs on Friday morning for the first funerals...

Published 06 Oct, 2023 02:16pm

Europe

Russian defence minister calls to speed up bomber production

MOSCOW: Russian Defence Minister Sergei Shoigu on Friday called for more Su-34 fighter jets to be produced, as...

Published 06 Oct, 2023 01:50pm

Commodities

Sugar prices hit 13-year high due to El Nino fallout: FAO

PARIS: Global sugar prices soared to their highest level in almost 13 years in September as the El Nino weather...

Published 06 Oct, 2023 01:38pm

World

GSK raises $1.1 billion from Haleon stake sale

British drugmaker GSK on Friday said it raised 885.6 million pounds ($1.08 billion) from a discounted stake sale in...

Published 06 Oct, 2023 01:36pm

Sports

India’s Gill doubtful for World Cup opener due to illness

BENGALURU: India batsman Shubman Gill is a doubt for their 50-overs World Cup opener against five-times champions...

Published 06 Oct, 2023 01:28pm

Forex

South African rand flat before US payrolls data

JOHANNESBURG: The South African rand was unchanged in early trade on Friday ahead of US payrolls data that could...

Published 06 Oct, 2023 12:44pm

Energy

DISCOS to charge Rs1.71 per unit FCA for August

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has notified positive adjustment of Rs1.71 per unit...

Updated 06 Oct, 2023 12:41pm

Stocks

European stock markets climb at open

LONDON: European stock markets climbed at the start of trading on Friday, as attention turned to monthly US jobs...

Published 06 Oct, 2023 12:38pm

Europe

Sweden announces $200 million military aid package to Ukraine

COPENHAGEN: Sweden will send Ukraine a new military support package worth 2.2 billion crowns ($199 million),...

Published 06 Oct, 2023 12:36pm

Stocks

London stocks rise but set for weekly declines; US jobs data on tap

UK shares opened higher on Friday at the end of a turbulent week, as investors awaited monthly US jobs report for...

Published 06 Oct, 2023 12:25pm

Energy

Russia lifts ban on most diesel exports

MOSCOW: Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the...

Published 06 Oct, 2023 12:23pm

World

Tens of millions of children uprooted by climate disasters: UNICEF

UNITED NATIONS: Weather disasters fueled by climate change – from floods to droughts, storms to wildfires – sparked...

Published 06 Oct, 2023 12:15pm

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks were up in early trade Friday, shaking off Wall Street losses ahead of key US jobs...

Published 06 Oct, 2023 12:03pm

Sports

It’s 150 not out as India, Australia clash in World Cup

CHENNAI: India kick off their World Cup campaign against Australia in Chennai on Sunday in the 150th clash in...

Published 06 Oct, 2023 12:00pm

World

Venezuela issues arrest warrant for opposition leader Guaido: prosecutor

CARACAS: The Venezuelan prosecutor’s office said Thursday it had issued an arrest warrant for opposition leader Juan...

Published 06 Oct, 2023 11:56am

Sports

Cricket crazy fans set to add a kicker to India’s economy as World Cup begins

MUMBAI: Match tickets selling for up to 50,000 Indian rupees ($600) a pop. Flights to get to a venue. Hotel...

Updated 06 Oct, 2023 11:54am

Perspectives

Single Window Interoperability: where innovation meets economic diplomacy

For the uninitiated, a national single window (NSW) system allows traders and other economic operators to submit...

Published 06 Oct, 2023 11:51am

Sports

India crush Bangladesh to reach maiden Asian Games cricket final

HANGZHOU: India crushed Bangladesh by nine wickets on Friday to power into the gold medal match in Hangzhou as they...

Published 06 Oct, 2023 11:44am

Commodities

Copper set for worst week in nearly 11 months

Copper eased on Friday, on track for its steepest weekly decline in nearly 11 months, as a firm dollar and high...

Published 06 Oct, 2023 11:35am

Markets

BOJ could raise 1% yield cap as next move, says academic Ito

TOKYO: The Bank of Japan could raise its 1% hard cap set for long-term interest rates as its next policy move if the...

Published 06 Oct, 2023 11:31am

Technology

South Korea considers $50.5mn fine against Google, Apple over app market practices

SEOUL: South Korea’s telecommunications regulator said on Friday that Alphabet Inc’s Google and Apple have abused...

Published 06 Oct, 2023 11:27am

Stocks

Stocks climb in calm before potential US payrolls storm

SINGAPORE: A lull in bond selling stretched into Asia trade on Friday, but may not last the day as investors waited...

Published 06 Oct, 2023 11:23am

Sports

Liverpool’s Gravenberch heading in the right direction: Klopp

Ryan Gravenberch has gradually been growing in confidence since signing for Liverpool and is heading in the right...

Published 06 Oct, 2023 11:19am

USA

Biden plans November meeting with China’s Xi

WASHINGTON: The White House is making plans for a face-to-face meeting between US President Joe Biden and Chinese...

Published 06 Oct, 2023 11:12am

Energy

Exxon in advanced talks for $60bn acquisition of Pioneer

Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale...

Published 06 Oct, 2023 10:53am

Commodities

Wheat slips, set for biggest weekly gain since June on supply risks

CANBERRA: Chicago wheat prices edged lower on Friday but were still set for their biggest weekly rise since June...

Published 06 Oct, 2023 10:50am

Europe

EU leaders to debate economic security amid global tensions

GRANADA: European Union leaders will debate on Friday how their bloc can strengthen its competitiveness, be at the...

Published 06 Oct, 2023 10:48am

Forex

Australia, NZ dollars in holding pattern ahead of US payrolls data

SYDNEY: The Australian and New Zealand dollars were marking time ahead of the all-important US non-farm payrolls...

Published 06 Oct, 2023 10:46am

Mutual Funds

India central bank guidance to provide direction to flattish bond yields

MUMBAI: Indian government bond yields were largely unchanged at start of the session on Friday, as investors awaited...

Published 06 Oct, 2023 10:42am

Forex

Indian rupee slightly up; RBI’s rate decision not seen having major impact

MUMBAI: The Indian rupee rose slightly in early trading on Friday, taking comfort from a softer US dollar and a...

Published 06 Oct, 2023 10:40am

Asia

Japan may arrange G7 finance meeting next week

TOKYO: Japan is considering arranging a Group of Seven (G7) finance leaders’ meeting next week on the sidelines of...

Published 06 Oct, 2023 10:38am

USA

Trump says he is endorsing Jim Jordan to be House speaker

Former US President Donald Trump said on Friday he is endorsing Jim Jordan to replace ousted US House Speaker Kevin...

Published 06 Oct, 2023 10:36am

Sports

England manager Southgate ‘not a fan’ of 2030 World Cup format

FIFA’s decision to host the 2030 World Cup across six countries on three continents could lead to issues in sporting...

Published 06 Oct, 2023 10:34am

Stocks

Australian shares inch higher; focus on US jobs data

Australian shares inched up on Friday in a volatile trading session, as a rise in financial stocks overshadowed the...

Published 06 Oct, 2023 10:25am

Bullion Rate

Gold pauses declines as investors hold breath for US payrolls report

Gold edged up from seven-month lows on Friday, as the US dollar and bond yields took a breather after scaling new...

Published 06 Oct, 2023 10:24am

Stocks

Indian shares open higher ahead of RBI rate decision

BENGALURU: Indian shares opened higher on Friday, tracking a rise in global equities on easing US yields and cooling...

Published 06 Oct, 2023 10:17am

PIA tops sell-off list, World Bank told

Meeting takes place between Federal Minister for Privatisation Fawad Hasan Fawad and Najy Benhassine, the country head of the World Bank

Updated 06 Oct, 2023 10:16am

Forex

Dollar pauses rally as markets brace for US nonfarm payrolls test

SINGAPORE: The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and US...

Published 06 Oct, 2023 10:15am

Markets

India central bank keeps key rate steady; liquidity measures in focus

MUMBAI: The Reserve Bank of India’s key lending rate was held steady at a fourth consecutive policy meeting on...

Published 06 Oct, 2023 10:10am

Energy

Malaysia energy firm Petronas launches 5G private network

KUALA LUMPUR: Malaysia state energy firm Petronas on Friday launched the country’s first commercial private 5G...

Published 06 Oct, 2023 10:08am

Europe

Ukrainian grain silo damaged by drone attack near Danube

Russian drones attacked port infrastructure in Ukraine’s Odesa region, damaging a grain silo near the Danube river...

Published 06 Oct, 2023 10:04am

South Asia

At least 40 killed after glacial lake flooding in Indian Himalayas

KOLKATA: At least 40 people were killed after a glacial lake burst its banks and triggered flash floods this week in...

Published 06 Oct, 2023 10:02am

Technology

Tesla cuts US prices of Model 3, Model Y cars

Elon Musk-led Tesla cut prices of its Model 3 and Model Y vehicles in the US by about 2.7% to 4.2%, the electric...

Published 06 Oct, 2023 09:58am

Opinion

World Bank needs to revisit its policy and lending focus

In its recently released report ‘Pakistan development update October 2023: restoring fiscal sustainability’ the...

Updated 06 Oct, 2023 09:56am

Pakistan

EX-cabinet members: ECP directs Sindh CS, IGP to withdraw security, perks

ISLAMABAD: The electoral body has finally directed the top two officials of federal bureaucracy in Sindh — the chief...

Updated 06 Oct, 2023 09:53am

PCAA: AGP detects Rs307.84bn irregularities

ISLAMABAD: The Auditor General of Pakistan (AGP) has detected serious financial irregularities in the Pakistan Civil...

Updated 06 Oct, 2023 09:52am

Ejaz over-exaggerated GCC-Pakistan FTA?

ISLAMABAD: Caretaker Minister for Commerce and Industries, Gohar Ejaz is said to have “over exaggerated” Free Trade...

Updated 06 Oct, 2023 09:48am

Karachi Gateway Terminal operations: 25-year deal signed with Abu Dhabi Ports Group, Senate panel told

ISLAMABAD: A parliamentary panel was informed on Thursday that Karachi Port Trust (KPT) has entered into a 25-year...

Updated 06 Oct, 2023 09:32am

PSM to be privatised on G2G basis

ISLAMABAD: The caretaker government has reportedly decided to privatise Pakistan Steel Mills (PSM) on Government to...

Updated 06 Oct, 2023 09:30am

Business & Finance

Govt debt stocks hit historic high of Rs64trn by Aug-end

KARACHI: The federal government’s total debt (domestic and external) stocks continued upward journey, reaching...

Updated 06 Oct, 2023 09:29am

Section 138 of Income Tax Ordinance, 2001: FBR to withdraw tax recovery notices

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to withdraw tax recovery notices issued under Section 138...

Updated 06 Oct, 2023 09:07am

EU decides to extend GSP

ISLAMABAD: The European Parliament has decided to extend existing GSP (Generalized System of Preferences) for...

Updated 06 Oct, 2023 09:04am

Business & Finance

Soft landing possible, but fiscal, debt risks abound: IMF chief

NEW YORK: Stronger demand for services and progress on lowering inflation have increased the chances that the global...

Updated 06 Oct, 2023 09:03am

BR’s refresher: your morning briefing for the day

Important updates from October 5, 2023

Published 06 Oct, 2023 08:45am

BR Research

Oil: Enter the bears

The oil bull rally finally lost steam. Having threatened to touch the magical $100/bbl and go beyond – just two...

Published 06 Oct, 2023 08:51am

BR Research

Textile WPI: a return of competitiveness?

The unthinkable has happened. Raw cotton prices in the local market have fallen to their lowest levels in 21 months...

Published 06 Oct, 2023 08:49am

BR Research

Habib Rice Products Limited

Habib Rice Products Limited (PSX: HRPL) was incorporated in Pakistan in 1980. The principal activity of the company...

Published 06 Oct, 2023 08:47am

Supplements

OIL & GAS REGULATORY AUTHORITY

TEXT: “Safety at operational activities is essential to save precious lives of both the employees and the general...