News Archives for Latest - 2023-10-18

Europe

EU fears destabilisation from disinfo amid Israel-Hamas war

STRASBOURG: The EU expressed concern Wednesday about the growing dangers of disinformation for the bloc, as Brussels...

Updated 19 Oct, 2023 12:09am

World

Saudi urges citizens to depart Lebanon 'immediately'

RIYADH: Saudi Arabia on Wednesday called for all citizens to leave Lebanon "immediately" as tensions mount along...

Published 18 Oct, 2023 11:18pm

Europe

Multiple crises won't affect French, EU support to Ukraine: Macron to Zelensky

PARIS: French President Emmanuel Macron assured his Ukrainian counterpart Volodymyr Zelensky on Wednesday that the...

Published 18 Oct, 2023 11:01pm

World

US sanctions support network for Iran's missile, drone programs

WASHINGTON: US authorities unveiled new sanctions Wednesday on individuals and entities that allegedly support ...

Published 18 Oct, 2023 10:53pm

Pakistan

Nawaz Sharif moves IHC for protective bail in Avenfield, Al-Azizia cases

PML-N supremo is expected to return to Pakistan on October 21

Updated 18 Oct, 2023 10:47pm

Middle East

OPEC plans no immediate action after Iran urges Israel oil embargo, sources say

DUBAI/LONDON: OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran’s...

Updated 18 Oct, 2023 10:47pm

Middle East

Biden ‘outraged’ by Gaza hospital blast, points to Hamas responsibility

TEL AVIV: US President Joe Biden said on Wednesday that Washington would provide Israel with everything it needed to...

Updated 18 Oct, 2023 10:44pm

Pakistan

Caretaker PM Kakar condemns attack on hospital in Gaza, says Israel must be held accountable

Says massacre of innocent civilians in the vicious Israeli attack is inhumane and indefensible

Updated 18 Oct, 2023 10:39pm

Forex

Open-market: rupee sees significant fall against US dollar

The Pakistani rupee registered a significant decline against the US dollar in the open market on Wednesday, while...

Updated 18 Oct, 2023 10:28pm

Pakistan

Pakistan, China discuss strengthening bilateral ties

Caretaker PM Anwar-ul-Haq Kakar meets Chinese Premier Li Qiang at sidelines of Third Belt and Road Forum in Beijing

Published 18 Oct, 2023 10:17pm

Business & Economy

Pakistan completes projects worth $25bn under CPEC, says Kakar

Clean energy projects were expected to be completed in four to five years, adds the caretaker PM

Updated 18 Oct, 2023 10:23pm

KSE-100 closes lower as investors book profits

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower by nearly 100 points on Wednesday, as...

Updated 18 Oct, 2023 10:23pm

Financial

Inter-bank: rupee sustains significant losses, settles at 280.29 against US dollar

Local currency closes Rs3.26 lower in inter-bank market on Wednesday

Updated 18 Oct, 2023 10:20pm

Pakistan

Bilawal says democracy, elections halted for ‘return of one person’

In an apparent jibe at PML-N supremo Nawaz Sharif, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto-Zardari on...

Published 18 Oct, 2023 09:49pm

Cricket

McCullum urges England to ‘stay true’ to methods at World Cup

England can still breathe life back into their Cricket World Cup campaign, red-ball coach Brendon McCullum said as...

Published 18 Oct, 2023 09:45pm

Energy

Oil up about 2% on big US crude storage draw, Middle East tension

NEW YORK: Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw...

Updated 18 Oct, 2023 09:37pm

Stocks

KSE-100 closes lower as investors book profits

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed lower by nearly 100 points on Wednesday, as...

Published 18 Oct, 2023 09:25pm

Cricket

Clinical New Zealand rout Afghanistan at Cricket World Cup

CHENNAI: New Zealand handed giant-killing Afghanistan a brutal reality check on Wednesday when they exploited a...

Updated 18 Oct, 2023 09:21pm

Forex

Dollar gains against euro as Fed, Middle East in focus

NEW YORK: The dollar rose against the euro on Wednesday before several Federal Reserve officials were due to speak...

Published 18 Oct, 2023 08:14pm

Middle East

US vetoes UN Security Council action on Israel, Gaza

UNITED NATIONS: The United States vetoed a United Nations Security Council resolution on Wednesday that would have...

Published 18 Oct, 2023 08:02pm

South Asia

Taliban official in Beijing seeks to deepen economic ties with China

BEIJING: An official in Afghanistan’s Taliban-led government told AFP Wednesday that the country was seeking deeper...

Published 18 Oct, 2023 07:54pm

Cricket

Bangladesh sweat on skipper Shakib’s fitness ahead of India clash

PUNE: Bangladesh captain Shakib Al Hasan is to have a fitness test just hours before Thursday’s World Cup match...

Published 18 Oct, 2023 07:38pm

Stocks

US stocks slip on earnings, Mideast conflict concerns

NEW YORK: US stocks slipped into the red in early trading Wednesday as investors digested earnings reports while...

Published 18 Oct, 2023 07:30pm

Companies

Honda Atlas shuts production amid supply chain disruptions

Honda Atlas Cars Pakistan, a subsidiary of Honda Motor Co., Ltd., Japan, on Wednesday announced a temporary shutdown...

Updated 18 Oct, 2023 07:26pm

Technology

Careem co-founder Mudassir talks AI and sustainability on GITEX sideline

Autonomous driving will be ‘last frontier’ of AI disruption for us, says ride-hailing company's CEO Mudassir Sheikha

Updated 18 Oct, 2023 07:06pm

Energy

US natgas prices up 2% on rising LNG feedgas, cooler weather

US natural gas futures climbed about 2% on Wednesday with the amount of gas flowing to liquefied natural gas (LNG)...

Published 18 Oct, 2023 06:52pm

Cricket

Five great Australia-Pakistan cricket moments

BENGALURU: Five-time champions Australia renew their cricketing rivalry with Pakistan at the Cricket World Cup in...

Published 18 Oct, 2023 06:08pm

Commodities

Wheat up 1% on bargain buying, soybeans hit 3-week high

SINGAPORE/PARIS: Chicago wheat futures rose for the first time in three sessions on bargain buying on Wednesday...

Published 18 Oct, 2023 05:53pm

Bullion Rate

Gold jumps Rs6,400 per tola in Pakistan amid surge in international rate

Gold prices significantly increased in Pakistan on Wednesday as the yellow metal advanced in the international...

Updated 18 Oct, 2023 05:53pm

Commodities

Cotton arrival surges 19.3% in first two weeks of Oct: PCGA

Cotton arrival in Pakistan witnessed a significant increase of 19.3% as of October 15 compared to September 30,...

Updated 18 Oct, 2023 05:52pm

Forex

Russian rouble firms towards 97 vs dollar as oil prices climb

MOSCOW: The rouble firmed towards 97 against the dollar on Wednesday as oil prices jumped to a more than two-week...

Published 18 Oct, 2023 05:50pm

Companies

PSMC announces shutdown of automobile plant

Pak Suzuki Motor Company (PSMC) on Wednesday announced another temporary shutdown of its automobile plant. In its...

Updated 18 Oct, 2023 05:50pm

Pakistan

Pakistan successfully conducts test flight of Ababeel Weapon System: ISPR

Pakistan conducted on Wednesday the successful flight test of Ababeel Weapon System, the Inter-Services Public...

Updated 18 Oct, 2023 05:48pm

Movies & Music

Prosecutors to recharge Alec Baldwin for ‘Rust’ shooting

New Mexico prosecutors on Tuesday said they intended to recharge actor Alec Baldwin with involuntary manslaughter...

Published 18 Oct, 2023 05:43pm

Technology

SadaPay enables Apple Pay invoicing for freelancers in Pakistan

SadaPay, the fintech that launched a business account (SadaBiz) tailored for freelancers earlier this year, has...

Published 18 Oct, 2023 05:40pm

Cricket

Pakistan complains to ICC over ‘inappropriate’ conduct of Indian crowd

NEW DELHI: The Pakistan Cricket Board has lodged a complaint with the sports’ world governing body over...

Published 18 Oct, 2023 05:03pm

Cricket

India glad to have ‘top-gun’ Bumrah firing again

PUNE: The return of India “top-gun” Jasprit Bumrah for the World Cup could not come soon enough for bowling coach...

Published 18 Oct, 2023 04:56pm

Forex

Indian rupee ends flat as central bank support counters equity, oil pressure

MUMBAI: The Indian rupee closed unchanged on Wednesday as likely U.S. dollar sales by the Reserve Bank of India...

Published 18 Oct, 2023 04:34pm

Asia

Xi, Putin discuss Mideast conflict, Russia’s security interests

BEIJING: China’s President Xi Jinping and Russian President Vladimir Putin “exchanged views” on the conflict in...

Published 18 Oct, 2023 04:28pm

Europe

Turkiye in talks with Hamas on hostages but 'nothing concrete for now': state media

ANKARA: Turkiye is in talks with the Palestinian group Hamas to secure the release of hostages it seized in Israel...

Published 18 Oct, 2023 04:24pm

Asia

UN chief ‘horrified’ by Gaza hospital strike that killed hundreds

BEIJING: United Nations Secretary-General Antonio Guterres said on Wednesday he was “horrified” by hundreds of...

Updated 18 Oct, 2023 04:23pm

Life & Style

Malala ‘horrified’ at Gaza hospital bombing, announces $300,000 in aid for Palestinians

Activist calls for an 'immediate ceasefire' and an 'enduring peace' in the region

Updated 18 Oct, 2023 04:16pm

Europe

UK foreign minister Cleverly: Too many jumped to conclusions around Gaza hospital blast

LONDON: British foreign minister James Cleverly said on Wednesday that “cool heads must prevail” and that too many...

Published 18 Oct, 2023 02:58pm

Middle East

Iran calls for Islamic countries to sanction Israel

DUBAI: Members of the Organisation of Islamic Cooperation (OIC) should sanction and implement an oil embargo on...

Published 18 Oct, 2023 02:56pm

Movies & Music

How the Hollywood strike is scrambling film, TV schedules into next summer

LOS ANGELES: Santa Claus will not be coming to Hollywood this year.‘Dear Santa,’ a comedy by the Farrelly brothers..

Published 18 Oct, 2023 02:33pm

Movies & Music

Britney Spears memoir says she had abortion while dating Justin Timberlake

LOS ANGELES: Britney Spears recounts in a forthcoming memoir that she had an abortion to end a pregnancy by fellow...

Published 18 Oct, 2023 01:53pm

Asia

China’s Xi announces over $100 billion in new Belt and Road funding

BEIJING: Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi...

Published 18 Oct, 2023 01:20pm

South Asia

India plans manned Moon mission, space station

NEW DELHI: India plans to send a man to the Moon and set up a space station by 2040, Prime Minister Narendra Modi...

Published 18 Oct, 2023 01:16pm

Stocks

European stock markets deflate at open

LONDON: European equity markets opened lower Wednesday after falls across Asia, as investors eyed rallying oil...

Published 18 Oct, 2023 01:12pm

Middle East

Blinken calls Abbas to offer condolences for hospital deaths

AMMAN: US Secretary of State Antony Blinken called Palestinian president Mahmud Abbas to offer condolences over a...

Published 18 Oct, 2023 01:10pm

Europe

Situation in Gaza ‘spiralling out of control’: WHO chief

GENEVA: The situation in the Gaza Strip is spiralling out of control, the head of the UN health agency warned on...

Published 18 Oct, 2023 01:04pm

Energy

QatarEnergy, Shell agree 27-year LNG supply

DUBAI: Qatar has further expanded its long-term gas supply to Europe, reaching a supply deal with the Netherlands to...

Updated 18 Oct, 2023 12:55pm

Europe

Russia says strike on Gaza hospital is a shocking crime

MOSCOW: Russia’s foreign ministry said on Wednesday that a strike on a hospital in Gaza that killed hundreds of...

Published 18 Oct, 2023 12:50pm

Forex

Russian rouble firms slightly vs dollar in early trade

MOSCOW: The rouble firmed slightly in early trade on Wednesday, but stayed in the 97-98 range it settled in after...

Published 18 Oct, 2023 12:33pm

Business & Finance

UK inflation rate unexpectedly holds at 6.7% in September

LONDON: British annual consumer price inflation (CPI) held at an 18-month low of 6.7% in September, bucking...

Published 18 Oct, 2023 12:31pm

Europe

Germany’s Scholz calls for thorough investigation of Gaza hospital blast

BERLIN: German Chancellor Olaf Scholz expressed horror at images of an explosion at a hospital in Gaza that left...

Published 18 Oct, 2023 12:28pm

Energy

J.P.Morgan, Goldman Sachs expect Canada central bank to hold rates next week

J.P.Morgan and Goldman Sachs now expect the Bank of Canada to keep policy rates unchanged at 5% for the second...

Published 18 Oct, 2023 12:19pm

Commodities

Palm climbs on rising exports, buoyant Chinese demand

NEW DELHI: Malaysian palm oil futures rose on Wednesday due to rising exports, buoyant Chinese demand and stronger...

Published 18 Oct, 2023 12:16pm

Energy

Abu Dhabi’s ADNOC Gas signs 2 year LNG supply deal with Japan’s JERA

KUALA LUMPUR: Abu Dhabi’s ADNOC Gas and Japan’s JERA Global Markets signed a liquefied natural gas (LNG) agreement...

Published 18 Oct, 2023 12:13pm

Stocks

Hong Kong shares drop at open

HONG KONG: Hong Kong stocks retreated at the open on Wednesday as investors kept a worried eye on developments in...

Published 18 Oct, 2023 12:05pm

Africa

Protests in Libya over Gaza hospital strike

TRIPOLI: Several hundred people protested in Tripoli and other Libyan cities late Tuesday over the deadly strike on...

Published 18 Oct, 2023 12:03pm

Sports

Dutch ready to ‘beat any side’ after win over Proteas

DHARAMSALA: The Netherlands are confident they “can beat any side” after a shock win over South Africa, with skipper...

Published 18 Oct, 2023 11:57am

Asia

Thai PM invites Putin for official visit

BANGKOK: Thai Prime Minister Srettha Thavisin has invited Russian President Vladimir Putin for an official visit...

Published 18 Oct, 2023 11:51am

Technology

Tech giants Foxconn, Nvidia announce they are building ‘AI factories’

TAIPEI: Taiwanese tech giant Foxconn and US hardware leader Nvidia said Wednesday they would team up to create “AI...

Published 18 Oct, 2023 11:45am

Europe

Two civilians killed in Russian attack on Zaporizhzhia

Two people were killed and at least four wounded after an apartment building was destroyed in a Russian air attack...

Published 18 Oct, 2023 11:32am

Asia

Russia’s Lavrov to arrive in North Korea as cooperation deepens

SEOUL: Russian Foreign Minister Sergei Lavrov is due to arrive in Pyongyang on Wednesday for meetings seen as...

Published 18 Oct, 2023 11:29am

Forex

Indian rupee may not respond to higher oil prices on RBI intervention bets

MUMBAI: The Indian rupee is likely to open little changed on Wednesday on expectations of the Reserve Bank of India...

Published 18 Oct, 2023 11:22am

Bullion Rate

Gold jumps 1% as Middle East conflict intensifies

Gold prices climbed 1% to their highest in a month on Wednesday after a deadly blast in Gaza fuelled fears about the...

Published 18 Oct, 2023 11:19am

Sports

‘Annoyed’ Warner wants more DRS transparency

Australia batsman David Warner has called for players to be given more transparency over the workings of the...

Published 18 Oct, 2023 11:16am

Sports

Neymar injured as Brazil lose 2-0 in Uruguay

MONTEVIDEO: Darwin Nunez and Nicolas de la Cruz scored to give Uruguay a 2-0 win over Brazil in their 2026 World Cup...

Published 18 Oct, 2023 11:12am

Asia

Putin praises ‘dear friend’ Xi, pitches Russia’s Northern Sea route

BEIJING: President Vladimir Putin on Wednesday praised Chinese President Xi Jinping for the Belt and Road Initiative...

Published 18 Oct, 2023 11:08am

Europe

Russia destroys 28 Ukrainian drones overnight

MOSCOW: Russia air defence systems intercepted and destroyed 28 Ukrainian drones overnight, Russian Defence Ministry...

Published 18 Oct, 2023 11:01am

Forex

China’s yuan strengthens as a set of strong economic data boosts sentiment

SHANGHAI: The yuan strengthened against the dollar on Wednesday, after China released better-than-expected economic...

Published 18 Oct, 2023 10:59am

Commodities

Soybeans climb to 3-week high on strong US demand; wheat up 1.3%

SINGAPORE: Chicago soybean futures gained more ground on Wednesday, climbing to a three-week high, as strong demand...

Published 18 Oct, 2023 10:53am

Asia

Militaries of South Korea, Japan and US to hold first joint aerial drill

SEOUL: South Korea, the United States and Japan will hold a joint aerial exercise near the Korean peninsula, which...

Published 18 Oct, 2023 10:49am

Asia

China’s Xi warns against decoupling, lauds Belt and Road at forum

BEIJING: Chinese President Xi Jinping warned against decoupling from China as he opened the Belt and Road Initiative...

Published 18 Oct, 2023 10:44am

Real Estate

Grace period for China’s Country Garden coupon payment expires

HONG KONG: The grace period for Country Garden Holding’s $15 million coupon payment has expired, fuelling...

Published 18 Oct, 2023 10:32am

Sports

England lacking confidence, must get on the front foot at World Cup: Mott

England cannot be faulted for effort at the World Cup but the team are lacking confidence and must start imposing...

Published 18 Oct, 2023 10:29am

Mutual Funds

India bond yields rise tracking spike in oil prices, US peers

MUMBAI: Indian government bond yields rose on Wednesday, with the benchmark bond yield at the upper end of the...

Published 18 Oct, 2023 10:24am

Commodities

China September aluminium output up amid robust demand; imports jump

BEIJING: China’s primary aluminium output in September rose 5.3% compared with a year earlier, data released on...

Published 18 Oct, 2023 10:23am

Stocks

Shares find muted cheer in China data, Middle East strife lifts oil

SYDNEY: Asian shares steadied on Wednesday as Chinese economic data suggested Beijing’s stimulus measures might...

Published 18 Oct, 2023 10:20am

Stocks

Indian shares muted as financials offset metals; oil spike, US rate worries weigh

BENGALURU: Indian shares were flat on Wednesday, as a slide in financials after Bajaj Finance missed profit...

Published 18 Oct, 2023 10:17am

Forex

Australia, NZ dollars gain as China economic data beats forecasts

SYDNEY: The Australian and New Zealand dollars edged higher on Wednesday after China’s third-quarter economic growth...

Published 18 Oct, 2023 10:14am

Energy

China’s Sept fuel exports fall on improved domestic demand, lower export margins

BEIJING: China’s exports of key refined products diesel, gasoline and kerosene all fell month-on-month in September,...

Published 18 Oct, 2023 10:12am

Middle East

US says thwarts drone attack on its troops in Iraq

TEL AVIV: The US military thwarted an attack targeting its forces in Iraq early on Wednesday, intercepting two...

Published 18 Oct, 2023 10:09am

Sports

Messi double gives Argentina 2-0 win over Peru

LIMA: Lionel Messi become the all-time top scorer in South American World Cup qualifying on Tuesday after netting...

Published 18 Oct, 2023 10:06am

Business & Finance

ABB posts Q3 earnings in line with analyst expectations

ZURICH: Swiss engineering group ABB matched forecasts with its third-quarter operating profit on Wednesday and...

Published 18 Oct, 2023 10:04am

Europe

Putin accepts invitation to soon visit Hanoi

HANOI: Russian President Vladimir Putin accepted an invitation from his Vietnamese counterpart to soon visit Vietnam...

Published 18 Oct, 2023 10:02am

PTI team conveys IK’s message to President

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) delegation held a meeting with President Dr Arif Alvi and conveyed the...

Updated 18 Oct, 2023 09:56am

Planned PSMC sell-off: PC asked to scrap bidding process

Secretary Industries and Production and Secretary Privatisation have been directed that further alienation of PSMC land be stopped forthwith

Updated 18 Oct, 2023 09:55am

Stocks

Japan’s Nikkei falls as strong US data stokes fear of Fed turning more hawkish

TOKYO: Japan’s Nikkei share average fell on Wednesday after strong US retail sales raised expectations for a more...

Published 18 Oct, 2023 09:54am

Affected employees: Ministries, depts barred from implementing NA body’s recommendations

ISLAMABAD: The Islamabad High Court (IHC) barred all the ministries and departments from implementing the...

Updated 18 Oct, 2023 09:52am

Stocks

Australian shares edge higher on commodity boost; RBA flags persistent inflation

Australian shares inched higher on Tuesday, helped by gains in commodity stocks, while the country’s central bank...

Published 18 Oct, 2023 09:52am

Forex

Dollar steadies while yields rise; eyes on Mideast risks, China data

SINGAPORE: The dollar stood its ground on Wednesday, though it struggled for further headway despite strong US...

Published 18 Oct, 2023 09:33am

Army concerned at plight of besieged Palestinians

ISLAMABAD: In the Corps Commanders’ Conference, the top brass of the Pak Army viewed with concern the developments...

Updated 18 Oct, 2023 09:30am

CCP approves Bank Alfalah’s acquisition of shares in QistBazaar

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the entry of a financial institution into the...

Updated 18 Oct, 2023 09:29am

NAO amendments: SC gives govt 15 days to file appeal against its decision

ISLAMABAD: The Supreme Court on Tuesday granted 15-day time to the federal government to file its appeal against its...

Updated 18 Oct, 2023 09:09am

Discos: PC set to move Cabinet for annulment of provincialisation option

ISLAMABAD: The Privatisation Commission (PC) is all set to submit a summary to the Federal Cabinet to scrap the...

Updated 18 Oct, 2023 09:08am

World Bank agrees to finance $150m cost of EE&C project

ISLAMABAD: The World Bank has reportedly expressed willingness to fully finance the $150 million cost of the Energy...

Updated 18 Oct, 2023 08:44am

Cypher case: Court defers indictment of IK, Qureshi till 23rd

ISLAMABAD: A special court, on Tuesday, again deferred the indictment of Pakistan Tehreek-e-Insaf (PTI) Chairman...

Updated 18 Oct, 2023 08:44am

Anti-Benami Adjudicating Authority becomes dysfunctional

ISLAMABAD: The Anti-Benami Adjudicating Authority has become dysfunctional and cannot adjudicate/finalise references...

Updated 18 Oct, 2023 08:43am

New working hours for govt offices notified

ISLAMABAD: The Establishment Division has issued a notification of new working hours for government offices....

Updated 18 Oct, 2023 08:42am

BR Research

Power sector planning critical to sustainability

Pakistan’s energy sector (especially power) is facing a trilemma of affordability, access, and sustainability, and...

Published 18 Oct, 2023 08:39am

BR’s refresher: your morning briefing for the day

Important updates from October 17, 2023

Published 18 Oct, 2023 08:39am

BR Research

EPQL – earnings up in 9MCY23

Engro Powergen Qadirpur (PSX: EPQL) announced its financial performance for the nine months of 2023 recently with a...

Published 18 Oct, 2023 08:37am

BR Research

GOC (Pak) Limited

GOC (Pak) Limited (PSX: GOC) was incorporated in Pakistan as a private limited company in 1964 and was converted...

Published 18 Oct, 2023 08:35am

World

Strike kills 500 at Gaza hospital on eve of Biden visit

GAZA: An Israeli air strike on Tuesday killed about 500 Palestinians at a Gaza City hospital crammed with patients...

Updated 18 Oct, 2023 06:55am

Middle East

Lebanon-Israel border clashes escalate, 5 Hezbollah fighters killed

OCCUPIED JERUSALEM/BEIRUT: Violence escalated on the Lebanese-Israeli border on Tuesday with five fighters from...

Updated 18 Oct, 2023 06:54am

Opinion

Illicit trade damaging country’s economy

Smugglers employ a range of routes and tactics to engage in the illicit trade of goods in and out of Pakistan. These...

Updated 18 Oct, 2023 06:37am

Opinion

Discos—a dead weight around our necks?—II

Unbeknown to the Regulator, presently the DISCOs are not even maintaining their existing infrastructure. Basically,...