News Archives for Latest - 2023-10-12

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Archive - 2023-10-12

Business & Finance

Everything you need to know about setting up a startup in Dubai

Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has published a comprehensive guide that aims to simplify process of setting up a business in emirate

Updated 12 Oct, 2023 11:56pm

Movies & Music

Jada Pinkett Smith says separated from Will Smith since 2016

LOS ANGELES: Actor Jada Pinkett Smith has been separated from husband Will Smith since 2016 – six years before the...

Published 12 Oct, 2023 11:44pm

Sports

Was neither asked to leave nor deported, says Zainab Abbas

Says she felt intimidated by the reaction that unfolded online

Published 12 Oct, 2023 11:24pm

World

Canada supports Israeli right to defence under international law: Trudeau

OTTAWA: Canada supports Israel's right to defend itself in accordance with international law, Prime Minister Justin...

Published 12 Oct, 2023 11:18pm

World

US, Qatar to halt Iran access to $6bn fund after Hamas attack: report

WASHINGTON: The United States and Qatar officials have agreed to prevent Iran from using a $6 billion humanitarian...

Published 12 Oct, 2023 11:01pm

Middle East

UN experts slam ‘horrific’ Hamas attack, Israel siege of Gaza

GENEVA: Dozens of the United Nations’ rights experts on Thursday condemned Hamas’ “horrific crimes” and said...

Updated 12 Oct, 2023 10:52pm

Companies

Pak Suzuki set to consider delisting from PSX, share price hits upper-limit

Board meeting on Oct 19 to review and consider majority shareholder’s intent to purchase all outstanding shares and de-listing under Rule 5.14.1. of listing regulations

Updated 12 Oct, 2023 10:51pm

Energy

Pakistan seeks deal to import up to 1mn tons of Russian oil per year: TASS

MOSCOW: Mohammad Ali, Pakistan’s caretaker energy minister, said on Thursday that Islamabad was considering signing...

Updated 12 Oct, 2023 10:43pm

Pakistan

Pakistan calls for ceasefire, condemns ‘indiscriminate’ Israeli force against Palestinians

FO Spokesperson Mumtaz Zahra Baloch says Pakistan is deeply concerned by the fast deteriorating and dire humanitarian situation in Gaza

Updated 12 Oct, 2023 10:42pm

Pakistan

PM Kakar rules out 'deal' in Nawaz Sharif’s return to Pakistan

Interim prime minister says caretaker government has 'no soft corner' for any political party

Updated 12 Oct, 2023 10:29pm

Stocks

KSE-100 closes at six-year high as bull-run continues

Benchmark index ekes out gain for ninth consecutive session

Updated 12 Oct, 2023 10:28pm

Forex

Pakistan’s central bank reserves increase $31mn, now stand at $7.64bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $31 million on a weekly basis,...

Updated 12 Oct, 2023 10:18pm

Pakistan

Pakistan looks forward to enhancing defence ties with Qatar: COAS

Army chief expresses optimism during a meeting with the Chief of Staff of Qatar Armed Forces Lieutenant General (Pilot) Salem Hamad Eqail Al-Nabet

Updated 12 Oct, 2023 10:07pm

Stocks

Most Gulf shares rise on strong oil; Mideast conflict in focus

Most stock markets in the Gulf rose on Thursday, tracking higher oil prices, while traders kept an eye on the...

Published 12 Oct, 2023 09:46pm

Stocks

UK’s FTSE 100 boosted by oil gains, Restaurant Group surges

London’s FTSE 100 rose on Thursday, helped by gains in energy stocks as crude prices climbed on hopes that U.S....

Published 12 Oct, 2023 09:43pm

Cricket

De Kock stars as South Africa crush go-slow Australia in World Cup

LUCKNOW: Quinton de Kock hit his second successive century at the World Cup on Thursday as South Africa sent...

Updated 12 Oct, 2023 09:37pm

Energy

Oil rises about 1% despite surge in US crude stockpiles

NEW YORK: Oil prices rose on Thursday on expectations that U.S. interest rates had peaked, but gains were capped by...

Updated 12 Oct, 2023 09:21pm

Middle East

Death toll in Gaza rises to at least 1,354: Hamas ministry

Israel has vowed Hamas destruction as deaths continue to rise

Updated 12 Oct, 2023 09:09pm

Africa

Zambia signs debt deal with creditors: IMF chief

MARRAKESH: Zambia has signed a debt deal with its foreign lenders, the IMF’s chief announced Thursday, providing...

Published 12 Oct, 2023 08:38pm

South Asia

China’s Wang Yi: Palestinian issue is core of Middle East conflict

HONG KONG: China’s top diplomat and foreign minister Wang Yi said on Thursday the Palestinian issue is the core of...

Published 12 Oct, 2023 08:32pm

Stocks

Wall Street dips as Treasury yields rise after inflation data

Wall Street’s main indexes fell on Thursday as Treasury yields rose after data showed consumer prices rose more than...

Published 12 Oct, 2023 08:09pm

Forex

Open-market: rupee continues upwards march against US dollar

The Pakistani rupee maintained its upward trajectory against the US dollar in the open market on Thursday, a gain...

Updated 12 Oct, 2023 07:26pm

Money & Banking

India’s central bank imposes penalty on Paytm Payments Bank

BENGALURU: India’s central bank said on Thursday it has imposed a penalty of 53.9 million rupees ($647,762.58) on...

Published 12 Oct, 2023 07:15pm

USA

Blinken tells Netanyahu in Israel: US will ‘always be there’

TEL AVIV: US Secretary of State Antony Blinken told Benjamin Netanyahu he understood on a personal level ‘the...

Published 12 Oct, 2023 07:06pm

Forex

Inter-bank market: rupee’s winning streak continues, settles at 278.58 against US dollar

Local currency has now appreciated for 26 successive sessions
Has cumulatively gained 10.24 % since it hit a record low of 307.1 in inter-bank market on Sept 5

Updated 12 Oct, 2023 07:03pm

Cricket

Cricket fans throng hospitals for overnight stay as Indo-Pak hysteria grips Ahmedabad

NEW DELHI/AHMEDABAD: Cricket fever has gripped Ahmedabad ahead of Saturday’s World Cup group stage clash between...

Updated 12 Oct, 2023 06:52pm

Europe

NATO urges Israel to keep Gaza response in proportion

BRUSSELS: NATO countries on Thursday told Israel’s defence minister they stood by his country after the attack by...

Published 12 Oct, 2023 06:13pm

Movies & Music

Talks to end Hollywood actors’ strike suspended

LOS ANGELES: Talks between Hollywood actors and studios over an ongoing strike were suspended Wednesday, both...

Published 12 Oct, 2023 05:56pm

Companies

India’s August industrial output rises at fastest pace in more than a year

NEW DELHI: India’s industrial output in August grew at the fastest pace in more than a year on the back of strong...

Published 12 Oct, 2023 05:54pm

USA

US consumer prices rise on gasoline and shelter costs in September

WASHINGTON: US consumer prices increased in September amid higher costs for rent and gasoline, but underlying...

Published 12 Oct, 2023 05:51pm

Pakistan

PM Kakar to attend Belt and Road Initiative forum in China next week

The premier will hold a bilateral meeting with Chinese President Xi Jinping

Published 12 Oct, 2023 05:50pm

Stocks

Indian shares dragged by IT stocks; earnings, inflation prints eyed

BENGALURU: Indian shares closed lower on Thursday, dragged by a slide in information technology (IT) stocks on weak...

Published 12 Oct, 2023 05:26pm

Commodities

Copper prices rise on China demand hopes

LONDON: Copper prices rose on Thursday due to measures to support the economy, demand in top metals consumer China...

Published 12 Oct, 2023 05:22pm

Commodities

Palm oil rises on demand, Indonesia’s move to keep exports flexible

MUMBAI: Malaysian palm oil futures rose on Thursday on improvement in demand from China and as top producer...

Published 12 Oct, 2023 05:18pm

Luxury

Popular Dubai restaurant, Zuma, to open third location at La Mer beach

Restaurant already has outposts at Dubai International Financial Centre (DIFC) in Dubai and The Galleria Al Maryah Island in Abu Dhabi

Published 12 Oct, 2023 05:08pm

Bullion Rate

Gold retreats in Pakistan, falls Rs7,800/tola despite increase in international rate

Price of 24-carat bar settles around Rs197,200

Published 12 Oct, 2023 05:02pm

Pakistan

Cipher case: IHC clubs together two of Imran’s pleas

IHC Chief Justice Aamer Farooq presides over hearing today

Published 12 Oct, 2023 03:37pm

Literature

Novelist Salman Rushdie’s memoir on 2022 stabbing to be published next year

WASHINGTON: Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him...

Updated 12 Oct, 2023 03:35pm

Europe

Britain withdraws families of embassy staff from Israel

LONDON: Britain said Thursday that it was “temporarily” removing the families of staff at its embassy and consulate...

Published 12 Oct, 2023 03:25pm

Middle East

Middle East growth to recover in 2024 but structural issues to weigh: IMF

DUBAI: Economic growth in the Middle East and North Africa region is expected to accelerate in 2024 after a slowdown...

Published 12 Oct, 2023 03:18pm

Stocks

FTSE 100 hits 2-week high on commodities boost, Restaurant Group surges

The UK’s FTSE 100 touched a two-week high on Thursday, helped by a rise in energy and mining stocks as commodity...

Published 12 Oct, 2023 03:15pm

Middle East

Turkiye’s Erdogan discusses Israeli-Palestinian conflict with UAE leader

ANKARA: Turkish President Tayyip Erdogan discussed the conflict between Israeli and Palestinian forces with Emirati...

Published 12 Oct, 2023 03:13pm

Movies & Music

‘Look what you made me do’: Taylor Swift attends film premiere, moves up release

LOS ANGELES: Pop superstar Taylor Swift premiered her Eras Tour concert film in front of fans and celebrities on...

Published 12 Oct, 2023 03:07pm

Middle East

Iran calls on Islamic, Arab countries to confront Israel

TEHRAN: Iranian President Ebrahim Raisi has called on Islamic and Arab countries to cooperate in confronting Israel...

Published 12 Oct, 2023 02:25pm

Middle East

NATO urges Israel to respond with ‘proportionality’ in Gaza

BRUSSELS: NATO countries on Thursday told Israel’s defence minister they stood by his country after the attack by...

Published 12 Oct, 2023 02:20pm

Middle East

Iran president, Saudi crown prince speak for first time since ties restored

Iranian President Ebrahim Raisi and Saudi Crown Prince Mohammed bin Salman discussed the Palestinian-Israeli...

Updated 12 Oct, 2023 02:16pm

Energy

IEA says risk of oil supply disruptions is limited

PARIS: The International Energy Agency said on Thursday the risk of oil supply disruptions due to the conflict...

Published 12 Oct, 2023 02:10pm

Companies

Under-performance claims: TRG says campaign part of ex-CEO’s effort to illegally take control

TRG Pakistan said on Thursday it remains committed to protecting its stakeholders, and ensuring its former CEO Zia...

Published 12 Oct, 2023 02:04pm

Energy

Govt appoints Ismail Qureshi as SNGPL chairperson

The federal government has appointed Muhammad Ismail Qureshi as chairperson of the board of Sui Northern Gas...

Published 12 Oct, 2023 01:37pm

Stocks

European stocks touch three-week highs on easing interest rate concerns

European stocks hit three-week highs on Thursday, supported by a fresh round of declines in government bond yields...

Published 12 Oct, 2023 12:43pm

Stocks

Australian shares end a tad higher as financials, gold stocks gain

Australian shares ended slightly higher for a sixth straight session on Thursday, with financials and gold stocks...

Published 12 Oct, 2023 12:17pm

Stocks

Japan’s Nikkei jumps, led by rally in chip shares

TOKYO: Japan’s Nikkei share average jumped on Thursday as investors scooped up beaten-down stocks following heavy...

Published 12 Oct, 2023 12:15pm

Commodities

Copper rises on softer dollar, Chinese stimulus hope

Copper prices rose on Thursday, helped by a weaker dollar and expectations of more stimulus measures in top consumer...

Published 12 Oct, 2023 12:13pm

ICC World Cup 2023 coverage

Published 12 Oct, 2023 12:04pm

Mutual Funds

Indian bond yields flat ahead of inflation data

MUMBAI: Indian government bond yields were little changed in early session on Thursday in the run up to the latest...

Published 12 Oct, 2023 11:35am

Forex

China’s yuan slips despite state boosting bank stakes, weak dollar

SHANGHAI: China’s yuan weakened against the dollar on Thursday, even as state investor Huijin increased stakes in...

Published 12 Oct, 2023 11:31am

Stocks

Indian shares slip as fall in IT stocks offsets oil pullback support

BENGALURU: Indian shares were subdued on Thursday, as a slide in information technology (IT) stocks on weak earnings...

Published 12 Oct, 2023 11:27am

Commodities

Palm oil rises as Indonesia keeps exports flexible

MUMBAI: Malaysian palm oil futures rose on Thursday after top producer Indonesia clarified that it would not make...

Published 12 Oct, 2023 11:25am

Forex

Indian rupee rises on exporters’ dollar sales, traders await US CPI

MUMBAI: The Indian rupee gained on Thursday as exporters sold U.S. dollars and as crude oil prices shed most of the...

Published 12 Oct, 2023 11:17am

Commodities

Soybeans at 22-month lows as Argentina upgrades production outlook

CANBERRA: Chicago soybean futures held near 22-month lows on Thursday as an upgrade to Argentina’s projected harvest...

Published 12 Oct, 2023 10:58am

South Asia

At least four killed after India express train derails: reports

NEW DELHI: At least four people have been killed and an unknown number injured after an express train derailed in...

Published 12 Oct, 2023 10:47am

Technology

Microsoft fights $29bn US back tax claim

WASHINGTON: The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from...

Published 12 Oct, 2023 10:40am

Football

Messi doubtful for Argentina qualifier with Paraguay

MONTEVIDEO: Lionel Messi is doubtful for Argentina’s South American World Cup qualifier against Paraguay on Thursday...

Published 12 Oct, 2023 10:32am

Cricket

Miandad’s six to Jadeja blitz: Six great Pakistan-India ODIs

AHMEDABAD: Cricketing powerhouses India and Pakistan renew their rivalry in the most hotly-anticipated match of the...

Published 12 Oct, 2023 10:28am

Cricket

Four key Pakistan-India battles at World Cup

Pakistan, India to face-off on Saturday at Ahmedabad

Published 12 Oct, 2023 10:12am

Forex

‘B’ Category: Authorisation of 5 forex cos suspended

KARACHI: The State Bank of Pakistan (SBP) on Wednesday suspended the authorization of five Exchange Companies of ‘B’...

Updated 12 Oct, 2023 09:58am

Middle East

More than 338,000 people displaced in Gaza: UN

GENEVA: More than 338,000 people have been forced to flee their homes in the Gaza Strip, the United Nations said, as...

Published 12 Oct, 2023 09:58am

Buying two second-hand vessels: PPRA decides to recommend govt give exemption to PNSC

ISLAMABAD: The Board of Public Procurement Regulatory Authority (PPRA) headed by Secretary Finance, has quizzed...

Updated 12 Oct, 2023 09:55am

Govt’s sell-off agenda attracts World Bank’s attention

South Asia Practice Manager for Energy at the World Bank, and his team meets Fawad Hasan Fawad

Updated 12 Oct, 2023 09:54am

Govt condemns Israeli siege of Gaza

ISLAMABAD: The federal cabinet, Wednesday, reiterated the principled stand of the government of Pakistan that the...

Updated 12 Oct, 2023 09:40am

‘Selling govt share in Reko Diq to KSA’: Terms being drafted to hire FA for 3rd-party assessment

ISLAMABAD: Energy Division along with Board of Investment (BoI) has been drafting terms and conditions to hire a...

Updated 12 Oct, 2023 09:32am

IMF sees slight rise in govt expenditure

ISLAMABAD: The International Monetary Fund (IMF) has projected an increase of 0.6 per cent in the government...

Updated 12 Oct, 2023 09:31am

Asia

EU foreign policy chief expected in China for pre-summit talks

SHANGHAI: European Union foreign policy chief Josep Borrell is due to arrive in China on Thursday, looking to manage...

Published 12 Oct, 2023 09:25am

Stocks

Asian markets press on with rally, China fund boosts optimism

HONG KONG: Asian stocks extended the week’s gains on Thursday, undeterred by forecast-beating US wholesale inflation...

Published 12 Oct, 2023 09:20am

Asia

Thai death toll in Israel-Gaza conflict rises to 21: PM

BANGKOK: Twenty-one Thai nationals have been killed in the conflict between Israel and group Hamas, Prime Minister...

Published 12 Oct, 2023 09:17am

OIC asks India to reverse illegal steps of Aug 5, 2019

ISLAMABAD: Special Envoy to OIC Secretary General on Jammu and Kashmir Yousef M Al Dobeay has called upon India to...

Updated 12 Oct, 2023 09:05am

Forex

Dollar hovers near two-week lows ahead of inflation data

SINGAPORE: The dollar was rooted near a two-week low on Thursday following minutes from the last US Federal Reserve...

Published 12 Oct, 2023 09:01am

Middle East

China’s Middle East envoy expected to speak to Israel on Thursday: Bloomberg News

China’s special envoy on Middle East issues is expected to have a telephone conversation with Israeli officials on...

Published 12 Oct, 2023 08:49am

Companies

KE submits three-tier IGP to govt

ISLAMABAD: K-Electric (KE) has submitted a three-tier Indicative Generation Plan (IGP) to the federal government, in...

Updated 12 Oct, 2023 08:45am

Europe

Russia downs drone in south, at least three dead: regional governor

Debris from a drone downed by anti-aircraft units over southern Russia’s Belgorod region killed three people and...

Published 12 Oct, 2023 08:45am

PIA, other loss-making SOEs: PM for accelerating privatisation process

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Wednesday directed the Privatization Commission to...

Updated 12 Oct, 2023 08:45am

Rabi Season 2023-24: Wheat yield target set at 32.2m tons

ISLAMABAD: The government on Wednesday set a wheat production target at 32.2 million tons for the Rabi Season...

Updated 12 Oct, 2023 08:43am

New circular of FBR raises eyebrows

KARACHI: Karachi Tax Bar Association (KTBA) has raised concerns about a new circular introduced by the Federal Board...

Updated 12 Oct, 2023 08:42am

BR’s refresher: your morning briefing for the day

Important updates from October 11, 2023

Published 12 Oct, 2023 08:42am

BR Research

Rice: leveraged exports bottom out

High interest rates effectively reveal what economic growth looks like in a credit starved economy. During FY22,...

Published 12 Oct, 2023 08:28am

BR Research

Must find ways to subsidise the poor

National headline inflation for the third straight quarter stayed close to 30 percent – a first in Pakistan’s...

Published 12 Oct, 2023 08:25am

BR Research

S.S. Oil Mills Limited

S.S Oill Mills limited (PSX: SSOM) was incorporated in Pakistan as a public limited company in 1990. The principal...

Published 12 Oct, 2023 08:14am

Opinion

No more business as usual—IV

Survival is increasingly challenging and overhaul of the economy is only possible with a credible roadmap undertaken...

Updated 12 Oct, 2023 06:40am

Opinion

Circular history of power sector

The presently beleaguered Power Sector is being assailed by its generalist governors. Conveniently forgetting that...

Updated 12 Oct, 2023 06:38am

Opinion

War and change in the Middle East

Once again war is poised to shake the political calculus of the Middle East. For, it’s always war, never peace...

Updated 12 Oct, 2023 06:34am

Editorials

Privatisation concerns

EDITORIAL: The World Bank has cautioned the government of the distinct possibility of litigation in divesting/...

Updated 12 Oct, 2023 06:34am

World

China to host Belt and Road forum in Beijing on Oct 17-18

BEIJING: China will host its third Belt and Road Forum next week, its foreign ministry said on Wednesday, a...