News Archives for Latest - 2023-10-20

Cricket

'Awesome' Warner, Marsh star as Australia down Pakistan at World Cup

BENGALURU: Australia rode on punishing centuries from openers David Warner and Mitchell Marsh to beat Pakistan by 62...

Updated 21 Oct, 2023 12:42am

Europe

Turkey's Erdogan calls on Israel to stop attacks on Gaza 'amounting to genocide'

ANKARA: Turkish President Tayyip Erdogan on Friday called on Israel to stop its attacks on Gaza, which he said...

Published 20 Oct, 2023 11:00pm

World

Biden requests $106bn package, including Ukraine, Israel funds

WASHINGTON: US President Joe Biden urgently requested Friday military aid for Ukraine and Israel in a massive $106...

Published 20 Oct, 2023 10:53pm

Pakistan

Always advised PTI chief to maintain good relations with institutions: Sheikh Rashid

Says he has already condemned May 9 events

Updated 20 Oct, 2023 10:49pm

World

Biden says Gaza aid likely to cross in 'next 24 to 48 hours'

WASHINGTON: US President Joe Biden said Friday he believed the first trucks carrying aid to Gaza would come through...

Published 20 Oct, 2023 10:45pm

World

Gaza's Hamas says two US hostages released

GAZA STRIP: Hamas said on Friday its armed wing has released two American hostages, from around 200 captives...

Published 20 Oct, 2023 10:40pm

Forex

Open-market: rupee edges lower against US dollar

The Pakistani rupee edged lower against the US dollar in the open market on Friday, while the local currency...

Updated 20 Oct, 2023 10:39pm

Pakistan

Military trials of civilians: SC to take up pleas on Oct 23

Justice Ijazul Ahsan will lead the bench

Updated 20 Oct, 2023 10:30pm

Middle East

Israel levels Gaza district, hits Orthodox church as invasion looms

Humanitarian aid must be allowed as soon as possible, says UN's secretary general

Updated 20 Oct, 2023 10:27pm

Pakistan

Deadline for expulsion of illegal refugees won’t be extended: minister

Caretaker Punjab Information Minister Amir Mir reiterated on Friday that the deadline for illegal refugees to leave...

Updated 20 Oct, 2023 10:25pm

Pakistan

Security forces kill four terrorists in KP’s Lakki Marwat: ISPR

At least four terrorists have been killed in an exchange of fire with security forces during an intelligence-based...

Updated 20 Oct, 2023 10:19pm

Pakistan

Pakistan looks forward to promoting cultural cooperation with Xinjiang: PM Kakar

Addresses students and faculty at Xinjiang University in China’s Urumqi

Updated 20 Oct, 2023 10:15pm

Stocks

KSE-100 gains another 367 points as positive momentum persists

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

Updated 20 Oct, 2023 10:09pm

Energy

PSO’s profit up nearly 1074% in 1QFY24 amid higher sales

Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) witnessed an exponential increase of nearly 1074%,...

Updated 20 Oct, 2023 10:05pm

Energy

Pakistan’s cost of power generation declines over 25% in September

Amid rising electricity bills, the cost of power generation in Pakistan registered a significant decline of over 25%...

Updated 20 Oct, 2023 09:59pm

Stocks

London stocks end week lower as rate jitters, geopolitical tensions weigh

UK’s FTSE 100 fell for its third straight session on Friday, dragged down by financials and mining stocks, in a...

Published 20 Oct, 2023 09:48pm

Stocks

European shares drop to seven-month low on geopolitical, rate jitters

European shares fell on Friday and posted their biggest weekly loss in seven months as concerns about a wider Middle...

Published 20 Oct, 2023 09:45pm

Middle East

Gaza war death toll rises to 4,137

GAZA STRIP: At least 4,137 people have been killed in the Gaza Strip since Israel began bombarding the Palestinian...

Published 20 Oct, 2023 08:38pm

Middle East

Gulf-ASEAN summit denounces attacks on Gaza civilians

RIYADH: Gulf and Southeast Asian leaders on Friday condemned attacks on civilians in the Gaza Strip and called for a...

Published 20 Oct, 2023 08:25pm

Middle East

Israel army orders evacuation of northern city after Lebanon clashes

OCCUPIED JERUSALEM: The Israeli army announced plans to evacuate the northern city of Kiryat Shmona on Friday, after...

Updated 20 Oct, 2023 08:24pm

Stocks

Wall St falls on elevated Treasury yields, Middle East worries

Wall Street’s main indexes fell on Friday as U.S. Treasury yields hovered near multi-year highs following hawkish...

Published 20 Oct, 2023 08:01pm

Forex

Inter-bank: rupee remains largely stable, settles at 278.8 against US dollar

Local currency closes Re0.01 higher in inter-bank market on Friday

Updated 20 Oct, 2023 07:52pm

Money & Banking

India’s forex reserves halt five-week losing streak

MUMBAI: India’s foreign exchange reserves snapped a five-week losing streak and rose to $585.9 billion as of Oct....

Published 20 Oct, 2023 06:38pm

Currency

Bitcoin hits two-month high above $30,000 in volatile week

LONDON: Bitcoin jumped on Friday above $30,000 for first time since July , taking gains for the week past 10%,...

Published 20 Oct, 2023 06:32pm

Stocks

Sri Lanka shares end higher after agreement on bailout with IMF

BENGALURU: Sri Lankan shares closed higher on Friday, after the island-nation and the International Monetary Fund...

Published 20 Oct, 2023 06:28pm

South Asia

Pakistan joins China’s club of lunar base partners

BEIJING: Pakistan has joined China’s expanding club of partners in an ambitious project to build a research station...

Published 20 Oct, 2023 06:26pm

Stocks

Abu Dhabi stock index at 15-mth low amid fears of escalating conflict in the region

Abu Dhabi’s stock market index dropped to its lowest in 15 months on Friday on fears that the fighting between...

Published 20 Oct, 2023 06:19pm

Movies & Music

The Rolling Stones in dates

PARIS: As legendary English rock band The Rolling Stones release their first album in nearly two decades, AFP looks...

Published 20 Oct, 2023 06:01pm

Middle East

Most Israelis think Netanyahu responsible for failing to prevent Hamas attack, poll shows

JERUSALEM: As many as 80% of Israelis believe Prime Minister Benjamin Netanyahu must take responsibility for the...

Published 20 Oct, 2023 06:04pm

Business & Finance

EU only wants free trade deal with India that gives it ‘real’ market access

VALENCIA: European Union member states want to close a free trade deal with India, but only if it grants real access...

Published 20 Oct, 2023 05:48pm

South Asia

Indian firm halts uniform sales to Israel police over Gaza war

BENGALURU: An Indian firm is terminating a longstanding contract to make uniforms for the Israeli police, telling...

Published 20 Oct, 2023 05:19pm

Business & Economy

Brokerage house expects status quo in upcoming MPC meeting

The State Bank of Pakistan (SBP) is expected to keep the key policy rate unchanged in its upcoming Monetary Policy...

Published 20 Oct, 2023 05:06pm

Africa

At the gates of Gaza, aid piles up in Egypt

EL-ARISH, EGYPT: Food, medicines, water purifiers, hygiene products and blankets: the aid was piling in Egypt’s...

Published 20 Oct, 2023 05:07pm

Xi explains how he looks at CPEC, bilateral relations

BEIJING: President of China Xi Jinping said on Thursday his country stood ready to work with Pakistan to carry...

Updated 20 Oct, 2023 04:53pm

Energy

Global LNG: Asia spot prices rise on stronger northeast Asian demand

KUALA LUMPUR: Asian spot liquefied natural gas (LNG) prices rose more than $3 this week to a near nine-month high,...

Published 20 Oct, 2023 04:50pm

Life & Style

Local in focus: 5 ready-to-wear brands on our radar

As local brands in Pakistan continue to gain momentum, ready-to-wear has received a huge boost due to the advent of...

Published 20 Oct, 2023 04:44pm

Stocks

Mounting US rate worries, crude spike drag Indian shares to weekly losses

BENGALURU: India’s blue-chip indexes fell on Friday and logged weekly gains, dragged by consumer stocks on...

Published 20 Oct, 2023 04:44pm

Commodities

Palm logs weekly gain on strong exports, crude oil prices

JAKARTA: Malaysian palm oil futures posted a weekly gain on Friday as strong export data and rising crude oil prices...

Published 20 Oct, 2023 04:36pm

Commodities

Gold per tola price increases Rs2,200 in Pakistan

Rate of 24-carat bar settles at Rs208,500 per tola

Published 20 Oct, 2023 04:32pm

Energy

Oil set for second week of gains on Gaza contagion fears

LONDON: Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the...

Updated 20 Oct, 2023 03:16pm

Asia

Israel-Hamas conflict puts global refugee resources at risk

TOKYO: The conflict between Israel and Hamas may jeopardize already limited humanitarian resources needed in other...

Published 20 Oct, 2023 03:11pm

Europe

Russia’s Lavrov: US allegations of North Korean military aid are ‘rumours’

Russian Foreign Minister Sergei Lavrov has said US allegations that Moscow is receiving military assistance from...

Published 20 Oct, 2023 03:05pm

Energy

Russia: OPEC+ helps stabilise oil markets irrespective of West’s price caps

MOSCOW: Russia said on Friday that the OPEC+ group of leading oil producers had helped to stabilise oil markets and...

Published 20 Oct, 2023 03:02pm

Movies & Music

MTV Europe Music Awards cancelled amid Israel-Gaza crisis

LONDON: Next month’s MTV Europe Music Awards in Paris have been cancelled, organisers said on Thursday, citing “the...

Published 20 Oct, 2023 01:58pm

Stocks

European stock markets extend losses at open

LONDON: European stock markets dropped further at the start of trading Friday as investors seek investments seen as...

Published 20 Oct, 2023 01:43pm

Middle East

Toll from Israeli West Bank raid rises to 13: Palestinian ministry

RAMALLAH: The death toll from a raid by Israeli troops in the occupied West Bank rose to 13, Palestinian health...

Updated 20 Oct, 2023 01:41pm

Forex

Russian rouble climbs to one-month high past 96 vs dollar

MOSCOW: The Russian rouble climbed to a one-month high past 96 to the dollar on Friday, supported by high oil prices...

Published 20 Oct, 2023 01:34pm

Movies & Music

Top Hollywood actors offer $150 million to help end strike

LOS ANGELES: Oscar winner George Clooney and other top Hollywood stars have offered $150 million to the SAG-AFTRA...

Published 20 Oct, 2023 01:32pm

Sports

India’s Hardik Pandya to miss New Zealand game due to injury

India’s vice-captain Hardik Pandya will miss Sunday’s World Cup match against New Zealand because of an injury, the...

Published 20 Oct, 2023 01:25pm

Financial

BoE’s Bailey says Sept CPI ‘not far off’ expectations

LONDON: Bank of England Governor Andrew Bailey said inflation data for September, which failed to fall as most...

Published 20 Oct, 2023 12:30pm

South Asia

Magnitude 4.9 earthquake in southern Iran injures 7

A magnitude 4.9 earthquake struck southern Iran on Friday, injuring at least seven people, state media...

Published 20 Oct, 2023 12:26pm

Europe

UK’s Sunak will travel to Egypt on Friday for talks on Israel, Gaza

LONDON: British Prime Minister Rishi Sunak will travel to Egypt on Friday where he will hold talks with counterparts...

Published 20 Oct, 2023 12:03pm

Technology

Japan provides up to $80mn subsidy to moonshot startup ispace

TOKYO: Japan will provide a subsidy of up to 12 billion yen ($80 million) to moon exploration startup ispace as part...

Published 20 Oct, 2023 12:00pm

Sports

Bangladesh’s Najmul urges batsmen to improve after India loss

PUNE: Stand-in Bangladesh captain Najmul Hossain Shanto said his batsmen must take “responsibility” after a collapse...

Published 20 Oct, 2023 11:52am

Business & Finance

Japan inflation slows to under 3%

TOKYO: Japanese consumer inflation slowed to below three percent last month for the first time since August 2022 on...

Published 20 Oct, 2023 11:47am

Stocks

Hong Kong shares extend losses at open

HONG KONG: Hong Kong stocks sank further at Friday’s open on concerns over the Israel-Hamas crisis and expectations...

Published 20 Oct, 2023 11:45am

Sports

From Uber Eats to World Cup feast for ‘fast bowling delivery guy’ Van Meekeren

NEW DELHI: Netherlands fast bowler Paul van Meekeren has been part of two shock World Cup victories but just three...

Published 20 Oct, 2023 11:43am

Sports

Djokovic to open 2024 at United Cup, but no Nadal

SYDNEY: World number one Novak Djokovic will open his 2024 season at the mixed teams United Cup in Australia, but...

Published 20 Oct, 2023 11:39am

Middle East

Several dead and injured in Israel strike at Gaza church: Hamas

GAZA STRIP: The Hamas-controlled interior ministry said several displaced people sheltering at a church compound in...

Published 20 Oct, 2023 11:34am

South Asia

Khalistan: India’s Sikh separatist movement in diplomatic storm

NEW DELHI: Canada has withdrawn 41 diplomats from India, as a crisis sparked by the killing of a separatist Sikh...

Published 20 Oct, 2023 11:23am

Europe

Putin visits military HQ for Ukraine offensive: Kremlin

MOSCOW: Russian President Vladimir Putin has visited the military headquarters in Rostov-on-Don that is overseeing...

Published 20 Oct, 2023 11:16am

Stocks

Asian shares hit 11-month low on Middle East anxiety, surging yields

SYDNEY: Asian shares plumbed a fresh 11-month trough on Friday as fears of a regional conflict in the Middle East...

Published 20 Oct, 2023 11:04am

Energy

China’s September oil imports from Russia fall on month

BEIJING/SINGAPORE: Russian crude oil arrivals in China fell in September from a peak level set in the prior month,...

Published 20 Oct, 2023 11:01am

Mutual Funds

India bond yields seen higher, tracking relentless rise in US peers

MUMBAI: Indian government bond yields are likely to rise in early session on Friday as their US peers and oil prices...

Published 20 Oct, 2023 10:56am

Forex

Indian rupee to take support from RBI’s late ‘heavy’ intervention

MUMBAI: The Indian rupee is expected to inch up at open on Friday, drawing support from the Reserve Bank of India’s...

Published 20 Oct, 2023 10:54am

Asia

Japan must carefully watch markets due to Mideast conflict

TOKYO: Japan must carefully monitor financial markets, including oil and stocks, with a sense of urgency as...

Published 20 Oct, 2023 10:51am

Commodities

Palm tracks rival vegetable oils lower

JAKARTA: Malaysian palm oil futures fell for a second straight session on Friday, weighed down by weakness in rival...

Published 20 Oct, 2023 10:49am

Technology

Tesla raises US price of Model X Plaid all-wheel drive by 5.6%

Tesla has increased the price of its Model X Plaid all-wheel drive to $94,990 from $89,990 in the United States, the...

Published 20 Oct, 2023 10:47am

Europe

Russia says Biden’s ‘investment’ comment betrays US cynicism

US President Joe Biden’s comment in which he called support for Ukraine and Israel an “investment” shows that...

Published 20 Oct, 2023 10:45am

Commodities

Copper weakens slightly on broad dollar strength

NEW DELHI: Copper prices edged lower on Friday as the US dollar firmed on the back of higher Treasury yields,...

Published 20 Oct, 2023 10:38am

Financial

IMF seeks strong budget, narrower deficit from Sri Lanka

NEW DELHI: The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka...

Published 20 Oct, 2023 10:35am

Forex

China’s yuan eases against dollar on widening yield gap

SHANGHAI: China’s yuan weakened against the dollar on Friday, pressured by a widening yield differential between the...

Published 20 Oct, 2023 10:27am

Mutual Funds

Bank of Japan intervenes as 10-year JGB yield hits fresh decade peak

TOKYO: The Bank of Japan intervened in the Japanese government bond (JGB) market on Friday for the fifth time this...

Published 20 Oct, 2023 10:25am

World

Sydney Opera House celebrates 50th birthday with light show and free tours

SYDNEY: Sydney Opera House celebrated its 50th birthday on Friday, with a laser show planned to illuminate the...

Published 20 Oct, 2023 10:22am

Europe

British PM Rishi Sunak suffers historic by-election defeats

LONDON: British Prime Minister Rishi Sunak’s governing Conservatives suffered two crushing defeats in previously...

Published 20 Oct, 2023 10:19am

Commodities

Soybeans set for second weekly gain on Brazil drought; wheat firm

SINGAPORE: Chicago soybeans were little changed on Friday, with the market on track for a second weekly gain as a...

Published 20 Oct, 2023 10:16am

Stocks

Indian shares open lower as Powell fans rate worries

BENGALURU: India’s blue-chips opened lower on Friday after US Federal Reserve Chair Jerome Powell’s comments fanned...

Published 20 Oct, 2023 10:09am

Bullion Rate

Gold scales 3-month peak as Middle East conflict lifts demand

Gold prices hit a three-month high on Friday and were set for a second straight weekly gain, with demand bolstered...

Published 20 Oct, 2023 10:07am

E&P companies: Petroleum Division fails to recover billions of rupees

ISLAMABAD: The Petroleum Division has failed to recover billions of rupees from exploration and production companies...

Updated 20 Oct, 2023 10:07am

PM apprises mining firms about investment facilitation

BEIJING: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday said Pakistan was offering opportunities to...

Updated 20 Oct, 2023 10:06am

Negative adjustment of Rs357m in QTA: Nepra puts its decision on KE’s request on hold

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday decided to hold decision on...

Updated 20 Oct, 2023 10:06am

Energy

Sri Lanka approves 18% electricity tariff hike for households

COLOMBO: Sri Lanka’s power regulator has approved an 18% electricity tariff hike for households in the country,...

Published 20 Oct, 2023 10:04am

Forex

Australia, NZ dollars near 11-mth lows, Australian bonds take a breather

SYDNEY: The Australian and New Zealand dollars edged lower on Friday to just a whisker of their 11-month lows, again...

Published 20 Oct, 2023 10:02am

Stocks

Japan’s Nikkei cuts some losses as investors scoop up cheap stocks

TOKYO: Japan’s Nikkei share average fell on Friday, tracking Wall Street’s overnight weak finish, but the index gave...

Published 20 Oct, 2023 09:58am

Stocks

Australian shares fall more than 1% on US rate worries

Australian shares extended losses on Friday, falling more than 1%, as Wall Street slid overnight after US Federal...

Published 20 Oct, 2023 09:54am

Asia

China ready to liaise with Russia on Mideast crisis

BEIJING: China is ready to maintain communication and coordination with Russia to cool down the Israel-Palestinian...

Published 20 Oct, 2023 09:52am

Forex

Dollar broadly up, threatens 150 yen as benchmark Treasury yield climbs

SINGAPORE: The dollar was within a hair’s breadth of the closely watched 150 yen level on Friday, buoyed by a surge...

Published 20 Oct, 2023 09:48am

Commodities’ import: PPRA approves amendments to Rule 21(A)

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has approved amendments to Rule 21(A) of Public...

Updated 20 Oct, 2023 09:40am

PM encourages Chinese firms to explore Pakistan’s vast potential

BEIJING: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday encouraged China’s corporate executives to explore...

Updated 20 Oct, 2023 09:38am

There’s no plan to send troops to Palestine: FO

ISLAMABAD: The Foreign Office said on Thursday that Pakistan has “no plans to send troops to Palestine” to protect...

Updated 20 Oct, 2023 09:37am

Sept CA deficit shrinks to stand at $8m

KARACHI: The country’s current account deficit declined to $8.0 million in September 2023 as compared to the current...

Updated 20 Oct, 2023 09:03am

FBR, Nadra agree to exchange taxpayers’ data

ISLAMABAD: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (Nadra) have...

Updated 20 Oct, 2023 09:02am

International arbitration: SIFC directs law ministry to disallow SOEs

ISLAMABAD: The Apex Council of Special Investment Facilitation Council (SIFC) has directed Ministry of Law and...

Updated 20 Oct, 2023 09:01am

Palestinians await aid trucks as Israel pounds Gaza

GAZA STRIP, (Palestinian Territories): Palestinians in war-torn Gaza on Thursday eagerly awaited the arrival of aid...

Updated 20 Oct, 2023 08:58am

BR’s refresher: your morning briefing for the day

Important updates from October 19, 2023

Published 20 Oct, 2023 08:57am

BR Research

Cotton crop: over-estimated?

The tussle over cotton crop estimates is now out in the open. Earlier this week, this newspaper had reported that...

Published 20 Oct, 2023 08:51am

BR Research

PRL on growth trajectory?

FY23 was a difficult year for the economy of Pakistan. The downstream oil and gas sector’s earnings were...

Published 20 Oct, 2023 08:48am

BR Research

United Distributors Pakistan Limited

United Distributors Pakistan Limited (PSX: UDPL) is incorporated in Pakistan as a public limited company. The...

Published 20 Oct, 2023 08:46am

Technology

In Dubai, Dr Umar Saif was a man with a few ‘missions’

Caretaker IT minister believes establishment of ‘Pakistan Startup Fund’ will help attract VCs to country

Updated 20 Oct, 2023 08:36am

Opinion

Important global economic challenges

Decades of neoliberal assault of advocating greater market fundamentalism, and lesser government regulation produced...

Updated 20 Oct, 2023 06:33am

Opinion

Clear message of no more business as usual-II

Fuel market requires a paradigm change. Not subtly but by disruption aimed at creating an upheaval, leading to a...

Updated 20 Oct, 2023 06:31am

Opinion

Removing institutional impediments

The past few days have witnessed some encouraging positive developments on the country’s financial front providing...

Updated 20 Oct, 2023 06:30am

Opinion

PARTLY FACETIOUS: The difference between internship and poodleship

“What Tony Blair was to Bush II, Sunak is to Biden?” “What?” “He is enrolled in a course on poodleship.”...

Updated 20 Oct, 2023 05:46am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (October 19, 2023). ==================================== BR...

Published 20 Oct, 2023 05:43am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (October 19, 2023). ======================================= Offset...

Published 20 Oct, 2023 05:43am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 19, 2023)...

Published 20 Oct, 2023 05:43am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 19, 2023)....

Published 20 Oct, 2023 05:43am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (October 19, 2023)....

Published 20 Oct, 2023 05:43am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (October 19, 2023). ======================== Open Bid...

Published 20 Oct, 2023 05:43am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (October...

Published 20 Oct, 2023 05:43am

Rates

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (October 19, 2023). ========================== KIBOR...

Published 20 Oct, 2023 05:43am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 20 Oct, 2023 05:43am

Rates

LME official prices

LONDON: The following were Wednesday official prices. ========================================= ALUMINIUM...

Published 20 Oct, 2023 05:43am

Pakistan

The Weather

KARACHI: The weather report on Thursday (October 19, 2023) and the forecast for Friday (October 20, 2023)...

Published 20 Oct, 2023 05:43am

World

Xi says China to work with Egypt to help stabilise Middle East

BEIJING: Chinese President Xi Jinping told Egypt’s prime minister on Thursday that their countries should work...