News Archives for Latest - 2023-10-10

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Archive - 2023-10-10

World

UN aid chief calls for immediate release of hostages in Israel-Hamas war

GENEVA: The head of the United Nations humanitarian relief agency on Tuesday called for the immediate release of all...

Published 10 Oct, 2023 11:20pm

World

Germany steps up Ukraine weapons deliveries ahead of winter

FRANKFURT: Germany announced an additional one billion euros ($1.1 billion) in military aid for Ukraine Tuesday, in ...

Published 10 Oct, 2023 11:06pm

Markets

PBC calls for investigation after Pakistan’s exports to China ‘underreported by $594mn’

Pakistan Business Council says FBR should also look into the possibility of loss of tax revenue

Updated 10 Oct, 2023 10:48pm

Pakistan

COAS vows action against illegal activities to deny pilferage of resources

PM Kakar underscores importance of socio-economic development for Balochistan's peace and development

Updated 10 Oct, 2023 10:45pm

Business & Economy

Pakistan’s remittances clock in at $2.2bn in September, 5.5% higher on monthly basis

However, inflow 11% lower year-on-year
Cumulative figure for July-September stands at $6.33bn, nearly 20% lower compared with same three-month period of FY23

Updated 10 Oct, 2023 10:42pm

Companies

Pakistan to appoint adviser as it privatises money-losing national airline

ISLAMABAD: Pakistan will appoint an adviser to draft a plan to privatise its money-losing national airline, the...

Updated 10 Oct, 2023 10:40pm

Bullion Rate

After one-month hiatus, gold price per tola opens Rs15,500 lower in Pakistan

The price of 24-carat bar issued at Rs199,500 per tola

Updated 10 Oct, 2023 10:39pm

Pakistan

Saudi Arabia assures Pakistan of support in health sector

ISLAMABAD: The government of Saudi Arabia has assured Pakistan of all possible support and cooperation in the field...

Updated 10 Oct, 2023 10:27pm

Stocks

KSE-100 closes over 48,000 after seven weeks

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

Updated 10 Oct, 2023 10:25pm

Cricket

Ton-up Rizwan, Abdullah shine in Pakistan’s record chase against Sri Lanka

Pakistan overcome Sri Lanka's daunting 345-run target with 10 balls and 6 wickets to spare

Updated 10 Oct, 2023 10:24pm

Stocks

European stocks mark best day in nearly a year on dovish cbank views

European stocks rebounded sharply on Tuesday as dovish comments from U.S. Federal Reserve and European Central Bank...

Published 10 Oct, 2023 09:33pm

Middle East

Israel shells Lebanon after rocket fire, in third day of violence

BEIRUT: A salvo of rockets was fired on Tuesday from southern Lebanon towards Israel, three security sources told...

Published 10 Oct, 2023 09:17pm

Middle East

UAE, after Israel-Gaza conflict, says it does not mix trade with politics

DUBAI: The United Arab Emirates does not mix trade with politics, the country’s trade minister said on Tuesday when...

Published 10 Oct, 2023 07:47pm

USA

US doesn’t want civilians killed in Gaza or Israel, White House says

WASHINGTON: The United States does not want to see innocent civilians killed anywhere, including in Gaza and Israel,...

Updated 10 Oct, 2023 07:41pm

Stocks

Most Gulf shares rise on dovish Fed tone; Mideast in focus

Most stock markets in the Gulf advanced on Tuesday as U.S. rate worries eased, while investors kept their focus on...

Published 10 Oct, 2023 07:40pm

Stocks

Wall Street gains as Fed officials strike dovish tone

Wall Street’s main indexes advanced on Tuesday as U.S. Treasury yields retreated following dovish comments from...

Published 10 Oct, 2023 07:36pm

Life & Style

Divided views as Zainab Abbas leaves ICC World Cup coverage in India

Fans on both sides of the border were divided on social media over the exit of Zainab Abbas from India after the...

Published 10 Oct, 2023 07:01pm

Cricket

Topley, Malan star as England hammer Bangladesh at Cricket World Cup

DHARAMSALA: Dawid Malan bludgeoned 140 before Reece Topley destroyed the Bangladesh top order on Tuesday as England...

Updated 10 Oct, 2023 07:06pm

Europe

Putin says violence in Israel and Palestine shows US failure in Middle East

MOSCOW: Russian President Vladimir Putin on Tuesday said the surge of violence between Israel and the Palestinians...

Updated 10 Oct, 2023 06:54pm

Commodities

Copper slides as China property market jitters resurface

LONDON: Copper prices retreated on Tuesday as jitters about demand in top consumer China were reinforced by Chinese...

Published 10 Oct, 2023 06:46pm

Pakistan

Practice & Procedure Act: Supreme Court adjourns hearing till tomorrow

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

Updated 10 Oct, 2023 06:44pm

Currency

Open-market: rupee maintains positive trajectory against US dollar

The Pakistani rupee maintained its upward trajectory against the US dollar in the open market on Tuesday, an...

Updated 10 Oct, 2023 06:41pm

Forex

Rupee extends winning streak against US dollar in inter-bank market

Local currency has now appreciated for 24 successive sessions
Has cumulatively gained 9.5% since it hit a record low of 307.1 in inter-bank market on Sept 5

Updated 10 Oct, 2023 06:38pm

Business & Finance

Attock Refinery’s earnings up 64% in 1QFY24

Attock Refinery Limited (ATRL), a subsidiary of the Attock Oil Company Limited, saw its profit-after-tax (PAT) jump...

Published 10 Oct, 2023 06:33pm

Stocks

Sri Lanka shares end lower as financials weigh

CSE All Share index settled down 0.06% at 10,817.53

Published 10 Oct, 2023 06:33pm

Energy

Oil slips on investor caution as market watches Middle East turmoil

LONDON: Oil prices eased on Tuesday after rallying more than 4% in the previous session, with traders cautious as...

Updated 10 Oct, 2023 06:12pm

Middle East

UN rights chief condemns illegal Israeli ‘siege’ of Gaza

Volker Turk says Israel's 'imposition of sieges that endanger the lives of civilians by depriving them of goods essential for their survival is prohibited under international humanitarian law'

Updated 10 Oct, 2023 06:02pm

Forex

Habib Metropolitan Bank says it will establish wholly-owned EC

The Board of Directors of Habib Metropolitan Bank (HMB), a subsidiary of Habib Bank AG Zurich – Switzerland,...

Published 10 Oct, 2023 05:44pm

Luxury

Chloe names new designer Chemena Kamali

PARIS: French luxury brand Chloe announced Monday it had appointed a new creative director, Chemena Kamali, in the...

Published 10 Oct, 2023 05:41pm

Cricket

Mendis, Samarawickrama blast centuries for Sri Lanka against Pakistan

HYDERABAD: In-form Kusal Mendis and Sadeera Samarawickrama both hit centuries as Sri Lanka piled up the runs against...

Published 10 Oct, 2023 05:37pm

Stocks

Indian shares bounce back on easing US rate concerns, eyes on Middle East

BENGALURU: Indian shares rebounded on Tuesday, in step with global stocks on easing U.S. rate worries, while...

Published 10 Oct, 2023 05:26pm

Middle East

Politician in Israel urges Hamas to free some Gaza captives

JERUSALEM: An Arab politician in Israel appealed to Hamas on Tuesday to free, on religious grounds, some of the...

Published 10 Oct, 2023 05:17pm

Movies & Music

Robert De Niro takes on Argentine swear words and steak in new TV dramedy

BUENOS AIRES: Oscar-winning actor Robert De Niro will make his small-screen debut this week, starring in an...

Published 10 Oct, 2023 05:12pm

Europe

Hamas has sole responsibility for conflict with Israel: Italy foreign minister

ROME: Hamas is solely responsible for the current conflict between the Hamas group and Israel, Italian Foreign...

Published 10 Oct, 2023 04:58pm

Life & Style

Amazon, Walmart court early holiday shoppers in US with limited-time deals

NEW YORK: Amazon, Walmart, Target and other large retailers launched U.S. sales on Monday and Tuesday, dangling...

Published 10 Oct, 2023 04:46pm

Companies

RMS Limited enters into SPA with Baluchistan Wheels

RMS (Private) Limited, a construction company, has entered into a share purchase agreement (SPA) with Baluchistan...

Published 10 Oct, 2023 03:12pm

Companies

Haier’s offer ‘to win a gaari’

Haier has looked to stand at the forefront when it comes to home appliances brands. However, now it is not just...

Published 10 Oct, 2023 03:10pm

Middle East

UN says nearly 200,000 displaced in Gaza, water shortages expected

GENEVA: The United Nations humanitarian office said on Tuesday that nearly 200,000 people or nearly a tenth of the...

Published 10 Oct, 2023 02:47pm

Europe

Four UK citizens released from detention in Afghanistan

LONDON: The UK on Tuesday welcomed the release of four British men from detention in Afghanistan and apologised on...

Published 10 Oct, 2023 02:05pm

Asia

IMF keeps 2023 global growth outlook unchanged as regions diverge

MARRAKESH: The IMF on Tuesday left its top-line global growth forecast for 2023 unchanged, despite significant...

Published 10 Oct, 2023 01:52pm

Europe

Ukrainian president visits Romania to discuss Black Sea region security

KYIV: Ukrainian President Volodymyr Zelenskiy said on Tuesday he had arrived in Bucharest for talks with Romanian...

Published 10 Oct, 2023 01:44pm

Stocks

European stocks rebound sharply as bond yields pullback

European stocks rebounded sharply on Tuesday, as dovish comments from U.S. Federal Reserve policymakers and easing...

Published 10 Oct, 2023 12:46pm

Stocks

London stocks rebound as Treasury yields retreat

UK shares rebounded on Tuesday as a pullback in Treasury yields, following dovish comments from the U.S. Federal...

Published 10 Oct, 2023 12:44pm

‘Inflated’ bills: Intelligence agency comes to the rescue of power consumers?

Agency has prompted caretaker government to intervene and take action to provide immediate relief

Updated 10 Oct, 2023 12:40pm

Movies & Music

Hollywood writers union ratifies three-year labor contract after strike

LOS ANGELES: Members of the Writers Guild of America (WGA) approved a new three-year contract with major studios on...

Published 10 Oct, 2023 12:33pm

Asia

14,000 displaced in Myanmar after record rain sparks floods

BAGO: Residents of Myanmar’s flood-hit Bago city salvaged food and belongings from their waterlogged homes on...

Published 10 Oct, 2023 12:28pm

Cricket

Bairstow makes fifty in 100th ODI at World Cup

DHARAMSALA: Jonny Bairstow made a half-century in his 100th one-day international on Tuesday as England made a...

Published 10 Oct, 2023 11:56am

Stocks

Japan’s Nikkei clocks best day in nine months on Wall Street gains, bargain hunting

TOKYO: Japan’s Nikkei share average recorded its largest daily gain in nine months on Tuesday, led by energy-related...

Published 10 Oct, 2023 11:47am

South Asia

Afghan rescuers still digging as hope fades for quake villagers

SIAH AB, Afghanistan: Rescue workers scrabbled through rubble Tuesday for villagers buried in their homes by a...

Published 10 Oct, 2023 11:44am

Stocks

Australian shares jump most in four weeks on Fed’s dovish hints

Australian shares gained most in four weeks on Tuesday, with all sectors ending in the green, boosted by dovish U.S....

Published 10 Oct, 2023 11:29am

World Bank for taxation of agri income, property

ISLAMABAD: The World Bank (WB) has recommended taxation of agricultural income and property, withdrawal of...

Updated 10 Oct, 2023 11:22am

Forex

Dollar stalls as dovish Fed tone dials down rate expectations

SINGAPORE: The dollar remained steady against major peers on Tuesday, after a pause in its rally following a slight...

Published 10 Oct, 2023 11:14am

Europe

Ukraine says downed 27 Russian drones overnight

KYIV: Ukraine’s air force said on Tuesday that it had destroyed 27 of 36 Russian attack drones overnight in the...

Published 10 Oct, 2023 10:57am

Forex

Indian rupee in narrow range, US yields and oil risks in focus

MUMBAI: The Indian rupee held a narrow range against the dollar on Tuesday after a dip in U.S. Treasury yields,...

Published 10 Oct, 2023 10:52am

Stocks

Indian shares rebound on easing US rate concerns, eyes on Middle East

BENGALURU: Indian shares rebounded on Tuesday, in line with global stocks on easing U.S. rate worries, while...

Published 10 Oct, 2023 10:44am

Commodities

Palm hits 3-1/2-month low on Malaysia stock build-up

MUMBAI: Malaysian palm oil futures fell on Tuesday to their lowest in 3-1/2 months on fears of an inventory...

Published 10 Oct, 2023 10:41am

Cricket

NZ’s Santner relishing ‘aggressive’ role at World Cup

Mitchell Santner said he is enjoying the prospect of bowling more aggressively at the World Cup in India than he...

Published 10 Oct, 2023 10:38am

Forex

China’s yuan edges up as dollar softens, eyes on Sept data

SHANGHAI: China’s yuan firmed slightly on Tuesday as the dollar retreated and offshore liquidity remained tight,...

Published 10 Oct, 2023 09:58am

Mutual Funds

India 10-year bond yield above 7.35% attracts value buying

MUMBAI: Indian government bond yields trended lower early on Tuesday as a sharp spike in yields drove value...

Published 10 Oct, 2023 09:55am

$10bn refinery: PSO interacting with Bank of China/Sinopec

ISLAMABAD: Pakistan State Oil (PSO) is reportedly interacting with Bank of China/Sinopec for establishment of either...

Updated 10 Oct, 2023 09:52am

Core issues: PM advocates a ‘national dialogue’

Says parliament could play a leading role to ensure a healthy and prosperous society in the country

Updated 10 Oct, 2023 09:47am

Business & Finance

AI Jomaih-KES dispute: Ministerial committee to find ‘amicable’ way out

ISLAMABAD: The government has decided to constitute a three-member ministerial committee to find an amicable way out...

Updated 10 Oct, 2023 09:46am

Rates

Oil & refinery sector leads rally

KARACHI: Pakistan Stock Exchange on Monday witnessed a bullish trend on the back of fresh buying, mainly in oil and...

Updated 10 Oct, 2023 09:44am

Commodities

Wheat edges lower amid signs of slowdown in Russian exports

CANBERRA: Chicago wheat futures dipped on Tuesday as export prices in major supplier Russia fell further, although a...

Published 10 Oct, 2023 09:44am

USA

Biden says Americans likely held by Hamas, 11 dead

WASHINGTON: President Joe Biden said Monday that Americans are likely being held hostage by Palestinian group Hamas...

Published 10 Oct, 2023 09:39am

Business & Finance

6 Chinese polyester fabric varieties: New customs values fixed

ISLAMABAD: The Directorate General of Customs Valuation Karachi has fixed new customs values on the import of six...

Updated 10 Oct, 2023 09:19am

Business & Finance

Internal rift between EP and EC led to rollover of GSP

ISLAMABAD: An internal rift between European Parliament (EP) and European Council (EC) accounted for an anticipated...

Updated 10 Oct, 2023 09:18am

Middle East

Saudi prince says working to contain Israel-Gaza fighting

RIYADH: Crown Prince Mohammed bin Salman told Palestinian president Mahmud Abbas he was working to prevent “an...

Published 10 Oct, 2023 09:18am

Pakistan

‘Misrepresenting events’: IHC issues notices to Bajwa, Faiz, others

ISLAMABAD: The Islamabad High Court (IHC) issued notices to former Chief of Army Staff General Qamar Javed Bajwa...

Updated 10 Oct, 2023 09:18am

Stocks

Asian markets rally on Fed rate hopes, oil eases after surge

HONG KONG: Equities rallied Tuesday after top Federal Reserve officials suggested the recent spike in US Treasury...

Published 10 Oct, 2023 09:09am

BR Research

Diesel: Low(est) demand or high(est) smuggling?

September 2023 petroleum sales numbers were a rude awakening – laying bare so many things simultaneously. From the...

Published 10 Oct, 2023 09:05am

BR Research

Demystifying higher rural inflation

Over the last four years, a higher rate of inflation in the rural (versus urban) economy has mystified experts and...

Published 10 Oct, 2023 08:59am

Forex

Australia, NZ dollars climb to one-week highs as markets pare back Fed hike bets

SYDNEY: The Australian and New Zealand dollars climbed to one-week highs on Tuesday after dovish comments from...

Published 10 Oct, 2023 08:59am

BR Research

National Silk & Rayon Mills Limited

National Silk & Rayon Mills Limited (PSX: NSRM) was incorporated in Pakistan as a public limited company in...

Published 10 Oct, 2023 08:51am

Business & Finance

APTMA seeks ‘competitive’ electricity tariff

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought electricity tariff competitive with regional...

Updated 10 Oct, 2023 08:47am

Privatising Discos to create private-sector monopolies, warns World Bank

ISLAMABAD: The privatisation of distribution companies (Discos) may lead to private-sector monopolies in the absence...

Updated 10 Oct, 2023 08:46am

Israel on war footing, Hamas threatens to kill captives

GAZA/OCCUPIED JERUSALEM: The Israeli military said it had called up an unprecedented 300,000 reservists and was...

Updated 10 Oct, 2023 08:44am

BR’s refresher: your morning briefing for the day

Important updates from October 9, 2023

Published 10 Oct, 2023 08:43am

Commodities

Gold builds on Middle East conflict-fuelled gains as US dollar, bonds retreat

Gold prices continued to rise on Tuesday, a day after posting sharp gains on increased market uncertainty due to...

Published 10 Oct, 2023 08:40am

Opinion

A detailed anatomy of Afghan imports

That Afghanistan has been an economic-foreign affairs issue for Pakistan since 1947 is a fact. In the past,...

Updated 10 Oct, 2023 06:54am

Opinion

Privatising Discos: tread with caution

On 13th July 2023, IMF’s Executive Board while approving US$3 billion Stand-by Arrangement (SBA) for Pakistan...

Updated 10 Oct, 2023 06:49am

Opinion

Spurt in inflation

The Pakistan Bureau of Statistics (PBS) has released the estimate of the rate of inflation in the national Consumer...

Updated 10 Oct, 2023 06:47am

World

World Bank urges cooling of Israel-Gaza conflict

MARRAKECH, (Morocco): The World Bank on Monday urged a “rapid de-escalation” of the fighting in Israel and Gaza...