News Archives for Latest - 2023-10-09

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Archive - 2023-10-09

Perspectives

Western media when it comes to Israel and Palestine: tale of two very different realities

Early Saturday, Hamas launched an unprecedented attack on Israel, provoking a scathing retaliation that has since...

Updated 10 Oct, 2023 01:12am

USA

NASA official says ‘no Plan-B’ to Earth

The planet is dying and humans may have to find some other place within the solar system in the not-so-far future –...

Published 09 Oct, 2023 11:31pm

World

British, French, German, US leaders to discuss Middle East situation in call

BERLIN: The leaders of the United States, Britain, France and Germany are expected to discuss the situation in ...

Published 09 Oct, 2023 11:25pm

Middle East

Israel imposes total siege on Gaza, cuts off water supply

Bombs targets in crowded Palestinian enclave in response to Hamas surprise assault

Updated 09 Oct, 2023 10:48pm

Stocks

KSE-100 adds another 228 points, extends gains for sixth session

The Pakistan Stock Exchange (PSX) witnessed another positive session on Monday, as its benchmark KSE-100 Index...

Updated 09 Oct, 2023 10:47pm

World

UN chief says 'deeply distressed' by Israeli siege of Gaza

UNITED NATIONS: UN Secretary-General Antonio Guterres on Monday condemned the Hamas attack against Israel but said ...

Published 09 Oct, 2023 10:45pm

Cotton & Textile

High financial charges, costs: profit of Pakistan’s listed textile sector plunges 24% in FY23

High cost of financing and rising input costs took their toll on Pakistan’s listed textile sector, which saw its...

Updated 09 Oct, 2023 10:43pm

Forex

PKR continues winning streak against USD, gains another 0.37%

Local currency has now appreciated for successive 23 sessions
Has cumulatively gained 9% since it hit a record low of 307.1 in inter-bank market on Sept 5

Updated 09 Oct, 2023 10:39pm

Pakistan

Five terrorists killed in Zhob gun battle with security forces: ISPR

Major and a soldier also embrace martyrdom

Updated 09 Oct, 2023 10:37pm

Europe

One Russian killed, four missing in Hamas attack on Israel

MOSCOW: At least one Russian was killed in the offensive launched by Palestinian Hamas fighters against Israel on...

Published 09 Oct, 2023 10:29pm

Middle East

More than 123,000 people displaced in the Gaza Strip: UN

Adnan Abu Hasna, a spokesman for the UN agency for Palestinian refugees (UNRWA), says he expects numbers to rise further

Updated 09 Oct, 2023 10:21pm

Technology

Pakistan’s Symmetry Group says it has inked deal with US tech company

Expects to generate at least $250,000 in FY24

Updated 09 Oct, 2023 10:16pm

Cricket

Santner shines with bat and ball as New Zealand defeat Netherlands

HYDERABAD: Mitchell Santner played a blistering innings and then took five wickets to guide New Zealand to a...

Updated 09 Oct, 2023 09:51pm

Cricket

Pakistan’s only double centurion Fakhar Zaman faces World Cup axe

HYDERABAD: Pakistan head coach Grant Bradburn insists his team’s top-order batting is not a worry but that...

Published 09 Oct, 2023 08:49pm

Energy

Oil prices surge 4% on worries of escalation in Middle East conflict

HOUSTON: Oil prices surged 4% on Monday, recouping some of the steep losses last week, as clashes between Israel and...

Updated 09 Oct, 2023 08:31pm

Forex

Open-market: rupee sees gain against US dollar

The Pakistani rupee registered a gain against the US dollar in the open market on Monday, an appreciation that comes...

Updated 09 Oct, 2023 08:29pm

Middle East

‘Currently no chance’ of prisoner swap with Israel: Hamas official

DOHA: Palestinian group Hamas is not open to negotiating a prisoner exchange with Israel during hostilities, a...

Published 09 Oct, 2023 08:24pm

Pakistan

1,700 ‘illegal’ Afghan nationals arrested in Karachi: Sindh home minister

Says all illegal immigrants living in Sindh would be deported

Updated 09 Oct, 2023 08:10pm

Europe

EU freezes aid payments for Palestinians after Hamas attack on Israel

BRUSSELS: The European Commission said on Monday it was putting all its development aid to Palestinians, worth 691...

Published 09 Oct, 2023 07:42pm

Stocks

Most Gulf markets fall as Israel-Palestinian conflict rages

Most stock markets in the Gulf sank on Monday as battles between Palestinian group Hamas and Israel ignited fears of...

Published 09 Oct, 2023 07:35pm

Pakistan

SC adjourns hearing of petitions challenging Practice & Procedure Act 2023 till tomorrow

The Supreme Court on Monday adjourned hearing on a set of petitions challenging the (Practice and Procedure) Act...

Updated 09 Oct, 2023 07:22pm

Middle East

Qatar leads talks to swap Hamas-held hostages for Palestinians in Israeli jails

DOHA/GAZA: Qatari mediators have held urgent calls with Hamas officials to try to negotiate freedom for Israeli...

Updated 09 Oct, 2023 07:19pm

Middle East

Nine US citizens confirmed dead in Israel-Gaza violence

WASHINGTON: The United States confirmed Monday the deaths of nine US citizens in the war between Israel and Hamas...

Published 09 Oct, 2023 06:57pm

Stocks

Wall St eyes lower open on Middle East conflict

Wall Street’s main indexes were set for a lower open on Monday as a deepening conflict between Israel and the...

Published 09 Oct, 2023 06:49pm

Cricket

Sri Lanka get Theekshana boost, Pakistan bank on Arthur’s inside knowledge

HYDERABAD: Spinner Maheesh Theekshana is set to play Tuesday’s World Cup match against Pakistan after recovering...

Published 09 Oct, 2023 06:44pm

Middle East

Israeli strikes on Gaza kill four ‘prisoners’: Hamas

GAZA CITY: Israeli air strikes on Gaza have killed four “prisoners” held by Hamas, said Monday Hamas whose fighters...

Published 09 Oct, 2023 06:02pm

Sports

Saudi Arabia submits letter of intent to host 2034 World Cup

Saudi Arabia announced it took the second step to bid for 2034 World Cup by submitting a letter of intent to host...

Published 09 Oct, 2023 05:53pm

Financial

Israel sells $511mn in weekly bond sale amid Gaza war

JERUSALEM: Israeli raised 2 billion shekels ($511 million) in its weekly bond issue that had demand of nearly six...

Published 09 Oct, 2023 05:34pm

Europe

UK supports Israel’s right to ‘proportionate action’ to end violence

LONDON: Britain supports Israel’s right to take proportionate action that is within international law to bring an...

Published 09 Oct, 2023 05:25pm

Middle East

Russia says Palestinian state ‘most reliable’ solution

MOSCOW: Russian Foreign Minister Sergei Lavrov said Monday that creating a Palestinian state was the “most reliable”...

Published 09 Oct, 2023 05:19pm

Energy

Israel shuts down offshore Tamar gas field output

JERUSALEM: Israel is suspending production at the Tamar gas field off its southern coast and will seek alternative...

Published 09 Oct, 2023 05:10pm

Middle East

World Bank says it hopes for a rapid de-escalation of the conflict in Israel, Gaza

MARRAKECH: The World Bank on Monday told its staff it was gravely concerned about the “shocking escalation” of...

Published 09 Oct, 2023 05:03pm

Stocks

Indian shares decline as Middle East conflict spooks investors

BENGALURU: Indian shares fell on Monday, dragged by a surge in oil prices due to a military conflict in the Middle...

Published 09 Oct, 2023 04:51pm

Stocks

Sri Lanka shares end lower dragged by industrials, financials

CSE All Share index settled down 1.5% at 10,824.24

Published 09 Oct, 2023 04:48pm

Commodities

Palm edges up as crude oil rally fuels biodiesel demand hopes

MUMBAI: Malaysian palm oil futures edged higher on Monday on hopes that biodiesel demand would increase following a...

Published 09 Oct, 2023 04:45pm

Pakistan

Cipher case: Imran, Qureshi to be indicted on October 17

Special Court Judge Abual Hasnat Zulqarnain presides over today’s hearing at Adiala Jail

Updated 09 Oct, 2023 03:57pm

Energy

Mari Petroleum successfully drills appraisal well in Sindh

Mari Petroleum Company Limited (MARI), one of Pakistan’s largest energy and exploration companies, has successfully...

Published 09 Oct, 2023 03:50pm

Middle East

Dozens of Palestinians killed, wounded in Israeli strikes on Gaza refugee camp on Monday

GAZA: Gaza’s health ministry said there were dozens of Palestinians killed and wounded in Israeli air strikes on the...

Published 09 Oct, 2023 03:38pm

Sports

India’s Gill to miss Afghanistan match

Shubman Gill will miss India’s World Cup meeting with Afghanistan, the country’s cricket board (BCCI) said on...

Published 09 Oct, 2023 03:34pm

Sports

Cricket World Cup: Pakistan v Sri Lanka head-to-head record

HYDERABAD: Pakistan v Sri Lanka record ahead of their World Cup group game at the Rajiv Gandhi International...

Published 09 Oct, 2023 03:31pm

Markets

Bank of Israel to sell $30bn of forex to stabilise shekel amid Gaza war

OCCUPIED JERUSALEM: The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open...

Updated 09 Oct, 2023 03:17pm

Middle East

Israel says no rocket impacts at Ben Gurion Airport

JERUSALEM: A rocket salvo at the Tel Aviv area on Monday did not lead to any impacts at Ben Gurion Airport, Israel’s...

Published 09 Oct, 2023 03:06pm

Europe

Ukraine’s Zelenskiy criticises Iran’s role in Ukraine and Israel conflicts

COPENHAGEN: Ukraine’s President Volodymyr Zelenskiy on Monday linked the assault by Hamas on Israel with Russia’s...

Published 09 Oct, 2023 02:55pm

Forex

Sterling falls versus dollar but not far from 1-1/2 week high

Sterling fell against a strengthening dollar on Monday but was still within striking distance of last week’s 1-1/2...

Published 09 Oct, 2023 02:52pm

Europe

Russia’s Lavrov and Arab League chief call for end to fighting in Israel

MOSCOW: Russian Foreign Minister Sergei Lavrov called for a swift end to fighting between Israeli forces and...

Published 09 Oct, 2023 02:48pm

Sports

Dharamsala outfield not ideal for World Cup, says Buttler

DHARAMSALA: Ben Stokes is set to miss Tuesday’s match against Bangladesh but England captain Jos Buttler is more...

Published 09 Oct, 2023 02:44pm

Asia

China says ‘opposes and condemns’ actions that harm civilians in Israel violence

BEIJING: China said Monday it “opposes and condemns” violence against civilians in Israel and the Palestinian...

Published 09 Oct, 2023 02:39pm

Movies & Music

Taylor Swift and the political needle

NEW YORK: Another day, another Taylor Swift media circus: talk of the pop phenomenon is omnipresent, from her...

Published 09 Oct, 2023 02:18pm

Energy

OPEC sees oil demand growth continuing until 2045

PARIS: Despite mounting efforts to limit climate change, the OPEC oil cartel said Monday it expects demand for crude...

Published 09 Oct, 2023 01:50pm

Sports

Dimitrov through to Shanghai Masters last 16

SHANGHAI: Fan favourite Grigor Dimitrov claimed a place in the last 16 of the Shanghai Masters Monday, overcoming a...

Published 09 Oct, 2023 01:46pm

Middle East

Iran calls for emergency OIC meeting as Israel battles Hamas

DUBAI: Iran has called for an emergency meeting of the Organisation of Islamic Cooperation (OIC) as fighting between...

Published 09 Oct, 2023 01:36pm

South Asia

Haifa port operator Adani says closely monitoring Israel situation

BENGALURU: Billionaire Gautam Adani’s Adani Ports, operator of the Haifa Port in northern Israel, said on Monday it...

Published 09 Oct, 2023 01:30pm

BR Research

The mystery of cash in circulation decline

Cash in circulation (CiC), a ratio to broad money -M2, in Pakistan is amongst one of the highest in the world, for...

Updated 09 Oct, 2023 01:20pm

South Asia

Nepal says 10 nationals killed in Israel after Hamas attack

KATHMANDU: Nepal said on Monday at least 10 of its nationals were killed in Israel after the attack by Palestinian...

Published 09 Oct, 2023 01:13pm

Stocks

FTSE 100 bucks global weakness as oil prices jump on Middle East conflict

The commodity-heavy FTSE 100 rose on Monday as oil prices jumped more than 2% due to the ongoing military clashes...

Published 09 Oct, 2023 01:05pm

Stocks

European stocks slip on Middle East conflict

Most major European stock markets opened lower on Monday as military clashes in the Middle East sparked a rush to...

Published 09 Oct, 2023 01:02pm

Financial

Metro Bank shares gain after deal to bolster finances

LONDON: Shares in Metro Bank jumped in early trading on Monday, after the embattled British lender struck a...

Published 09 Oct, 2023 12:44pm

Forex

Russian rouble falls past 101 vs dollar as global risk appetite wanes

The rouble weakened past 101 to the dollar on Monday, still hampered by the reduced supply of foreign currency into...

Published 09 Oct, 2023 12:42pm

Sports

Three talking points at the Cricket World Cup

NEW DELHI: There have been too few fans, too many injuries and lots of runs over the first four days of the Cricket...

Published 09 Oct, 2023 12:38pm

Business & Finance

IMF, World Bank hold first meetings in Africa in 50 years

MARRAKESH: The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50...

Published 09 Oct, 2023 12:15pm

Europe

Economics prize closes out 2023 Nobel season

STOCKHOLM: The economics prize closes the prestigious Nobel awards season on Monday, with specialists on credit, the...

Published 09 Oct, 2023 12:06pm

Luxury

Europe’s Luxury stocks at risk of going out of style

LONDON/PARIS: Europe’s luxury brands may have sparkled at Paris Fashion Week, but investors are questioning their...

Published 09 Oct, 2023 12:01pm

Stocks

Hong Kong stocks open higher

HONG KONG: Hong Kong stocks rose in the first few minutes of trade Monday afternoon following a healthy run-up on...

Published 09 Oct, 2023 12:00pm

Asia

Top diplomat Wang hopes US, China can ‘rationally’ manage differences

BEIJING: China’s top diplomat said Monday he hoped Washington and Beijing could manage their differences “more...

Published 09 Oct, 2023 11:55am

World

11 Syrian Kurdish security forces dead in Turkiye air strike: monitor

QAMISHLI: Eleven Kurdish security personnel were killed and dozens wounded in a Turkiye air strike early Monday on a...

Published 09 Oct, 2023 11:37am

Middle East

Deaths pass 1,100 as Israel retaliates with airstrikes

Palestinian health ministry says 413 Palestinians, including 78 children, killed and 2,300 people wounded since Saturday
Israeli media says at least 700 people killed in Saturday's attacks

Published 09 Oct, 2023 11:37am

Europe

Donald Tusk: sharp-tongued fighter who led EU through crises

WARSAW: Donald Tusk, Poland’s main opposition leader in Sunday’s elections, is a football-mad historian with...

Published 09 Oct, 2023 11:32am

South Asia

Dust and despair in Afghan village wiped out by quakes

KASHKAK: The hardscrabble village of Kashkak, a collection of mud-brick homes perched on a dusty plateau in western...

Published 09 Oct, 2023 11:25am

Stocks

Australian shares extend gains as energy and gold stocks rally

Australian shares rose for a third session on Monday, driven by a rally in energy and gold stocks on strong...

Published 09 Oct, 2023 11:21am

Commodities

Wheat rises as dry weather in key exporters triggers supply concerns

CANBERRA: Chicago wheat prices rose on Monday as traders worried about dry weather shrinking harvests in Argentina...

Published 09 Oct, 2023 11:02am

Sports

Man City have come back from worse, says Silva, after two losses

Manchester City suffered their first Premier League defeat to Arsenal in eight years on Sunday to drop to third in...

Published 09 Oct, 2023 10:56am

Asia

Remnants of Typhoon Koinu bring floods to Hong Kong

HONG KONG: Hong Kong saw heavy flooding on Monday as the remnants of Typhoon Koinu brought heavy rains and strong...

Published 09 Oct, 2023 10:53am

Commodities

Palm jumps as crude oil rally fuels biodiesel demand hopes

MUMBAI: Malaysian palm oil futures jumped on Monday morning after losing 4.4% last week, as hopes grew that...

Published 09 Oct, 2023 10:44am

Commodities

Safe-haven gold soars as investors bolt for safety from Middle East clashes

Gold prices climbed more than 1% on Monday as dramatic clashes between Israeli and Hamas forces over the weekend...

Published 09 Oct, 2023 10:42am

Financial

Citigroup to sell China consumer wealth business to HSBC

Citigroup Inc said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets...

Published 09 Oct, 2023 10:38am

Middle East

Several airlines suspend Tel Aviv flights until safety conditions improve

Several international air carriers have suspended flight services with Tel Aviv in light of the Hamas group attack...

Published 09 Oct, 2023 10:34am

Asia

Thailand says 12 of its citizens killed in Israel, 11 kidnapped

BANGKOK: Thailand’s foreign ministry on Monday said 12 Thai nationals had been killed in unrest in Israel, plus 11...

Published 09 Oct, 2023 10:25am

Stocks

Indian shares slip as US rate fears, high oil prices hurt sentiment

BENGALURU: Indian shares fell on Monday as rising US rate concerns after strong jobs data and surge in oil prices...

Published 09 Oct, 2023 10:20am

Real Estate

China’s home sales during Golden Week fall 17% against 2022

BEIJING: China’s average daily home sales during the Golden Week holiday were down 17%, based on floor area,...

Published 09 Oct, 2023 10:18am

Forex

China’s yuan holds ground after holiday break

SHANGHAI: China’s yuan held steady against the dollar on the first trading day after the Golden Week holiday,...

Published 09 Oct, 2023 10:14am

Mutual Funds

Indian bond yields marginally higher, traders eye directional cues

MUMBAI: Indian government bond yields rose marginally in early trading on Monday, with the benchmark yield hovering...

Published 09 Oct, 2023 10:12am

Energy

Abu Dhabi’s oil champion ADNOC bets on global expansion

DUBAI: The United Arab Emirates is refashioning state-owned Abu Dhabi National Oil Company (ADNOC) in the image of...

Published 09 Oct, 2023 10:06am

Cheap power during winter months: Package for industry on the cards

The impact of incremental package will be around Rs 25 billion

Updated 09 Oct, 2023 09:53am

Forex

Dollar, yen gain on flight to safety as Hamas attack rattles nerves

SINGAPORE: The safe-haven dollar and Japanese yen edged higher on Monday as violence in the Middle East spooked...

Published 09 Oct, 2023 09:53am

FBR to field DTOs to identify new taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) plans to depute District Taxation Officers Inland Revenue across...

Updated 09 Oct, 2023 09:44am

Pakistan

Inflation in Nawaz’s tenure was ‘just 2 percent’: Maryam

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Senior Vice President Maryam Nawaz Sunday said that the crowd shows...

Updated 09 Oct, 2023 09:43am

Business & Finance

BMP demands govt slash oil prices

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’ Businessmen Panel (BMP) has asked the...

Updated 09 Oct, 2023 09:37am

Opinion

Real reforms in sight?

The initial signs of real reforms are in sight. This includes crackdown on smuggling of goods and currencies through...

Updated 09 Oct, 2023 09:35am

SME Bank may stay as SIFC seeks a reactivation plan

ISLAMABAD: The caretaker government is likely to overturn a decision of Shehbaz Sharif-led government on Small and...

Updated 09 Oct, 2023 09:34am

OPEC leaders make case for fossil fuels at Riyadh climate event

RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the...

Updated 09 Oct, 2023 09:33am

Bumper cotton crop: Gohar gives credit to Punjab CM

LAHORE: Federal Minister for Industry and Commerce Gohar Ijaz has given credit to Punjab Chief Minister Mohsin Naqvi...

Updated 09 Oct, 2023 09:07am

Pakistan for end to oppression

ISLAMABAD: Pakistan on Sunday expressed its solidarity with the Palestinians and called for an immediate end to the...

Updated 09 Oct, 2023 09:05am

BR Research

Cement: Winning hand

There is no denying now that cement offtake is on the mend compared to last year’s bleak outlook and demand side...

Published 09 Oct, 2023 08:51am

BR Research

Pak Leather Crafts Limited

Pak Leather Crafts Limited (PSX: PAKL) is incorporated in Pakistan as a public limited company. It was established...

Published 09 Oct, 2023 08:50am

FTO barred from initiating action against banking co

ISLAMABAD: Islamabad High Court (IHC) has restrained the Federal Tax Ombudsman (FTO) from taking action against a...

Updated 09 Oct, 2023 08:43am

700 Israelis, 400 Palestinians killed

Hamas says it has taken many Israeli captives

Updated 09 Oct, 2023 08:42am

IMF, World Bank meetings: Shamshad-led team leaves for Morocco

ISLAMABAD: Pakistan’s economic team, led by Caretaker Finance Minister Dr Shamshad Akhtar has departed for Morocco...

Updated 09 Oct, 2023 08:42am

BR’s refresher: your morning briefing for the day

Important updates from October 7 and October 8, 2023

Published 09 Oct, 2023 08:41am

Opinion

Poverty on the rise

Poverty levels have risen from 34.2 percent in 2022 to 39.4 percent in 2023, pushing 12.5 million people below the...

Updated 09 Oct, 2023 07:03am

Editorials

CCER: stupendous task

EDITORIAL: The eleven-member Cabinet Committee for Economic Revival (CCER) has suggested slashing the budgeted...

Updated 09 Oct, 2023 07:01am

Opinion

Economic recovery hamstrung by energy issues

Pakistan has been facing a host of challenges that have seriously impacted its development, growth, economic ...

Updated 09 Oct, 2023 06:56am

World

Israel war adds urgency to US Republican House speaker crisis

WASHINGTON: Republicans in the US House of Representatives face new pressure to select a speaker after Israel...