News Archives for Latest - 2023-10-23

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Archive - 2023-10-23

USA

White House wants safe passage out of Gaza, especially for US citizens

WASHINGTON: The Biden administration wants to ensure safe passage for people out of Gaza, especially for US...

Published 23 Oct, 2023 11:33pm

World

EU prepares call for pause in Israel-Hamas war but some countries not convinced

BRUSSELS: The European Union edged on Monday towards endorsing a “humanitarian pause” in the war between Israel and...

Published 23 Oct, 2023 11:24pm

Europe

Putin urges ‘unhindered access’ for humanitarian aid into Gaza

MOSCOW: Russian President Vladimir Putin called Monday for “unhindered access” for humanitarian aid to enter Gaza,...

Published 23 Oct, 2023 11:15pm

Cricket

Afghanistan send Pakistan crashing to shock World Cup defeat

Afghanistan record first ODI win over Pakistan, clinch one-sided game by 8 wickets

Updated 23 Oct, 2023 11:08pm

Life & Style

Fans vent frustration as Pakistan seen struggling against Afghanistan

Babar Azam-led players put up ordinary show in defence of 283-run target

Updated 23 Oct, 2023 11:01pm

World

UK PM announces extra £20mn aid for civilians in Gaza

LONDON: UK leader Rishi Sunak announced Monday that Britain was sending an additional £20 million ($24 million) of...

Published 23 Oct, 2023 10:53pm

Stocks

Equities rattled by Mideast conflict, US bond yield rise

PARIS: Stock markets slid on Monday, extending last week’s sell-off on fears of widening conflict in the Middle East...

Published 23 Oct, 2023 09:40pm

Stocks

Bulls rule at PSX as KSE-100 crosses 51,000 level

Bulls continued to rule at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index crossed the 51,000 level...

Updated 23 Oct, 2023 09:29pm

Companies

Govt to provide all possible support to crisis-hit PIA, says Kakar

Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday stated the government would provide all possible support to...

Updated 23 Oct, 2023 09:28pm

Pakistan

Cipher case: special court indicts Imran Khan, Shah Mahmood Qureshi

Special court Judge Abul Hasnat Zulqarnain holds hearing at Adiala Jail

Updated 23 Oct, 2023 09:27pm

Pakistan

Accountability court acquits Ishaq Dar in assets beyond means case

Judge Muhammad Bashir announces reserved verdict

Updated 23 Oct, 2023 09:15pm

Middle East

More than 5,000 killed in Israeli strikes on Gaza: Hamas

Alarm has grown about dire needs of 2.4 million civilians trapped inside the 40-kilometre (25-mile) long coastal strip that was already blockaded and impoverished before the war

Updated 23 Oct, 2023 09:14pm

Pakistan

Election delayed is election denied: Bilawal reiterates call for timely polls

Says ECP should announce date before 'anyone's order'

Published 23 Oct, 2023 08:42pm

Forex

Inter-bank: rupee sees marginal decline, settles at 279.12 against US dollar

Local currency closes Re0.32 lower in inter-bank market on Monday

Updated 23 Oct, 2023 08:27pm

Europe

Erdogan submits Sweden NATO bid to Turkish parliament

ISTANBUL: President Recep Tayyip Erdogan officially submitted Sweden’s NATO membership application to the Turkish...

Published 23 Oct, 2023 07:49pm

Pakistan

SC declares military trials of civilians null, void

Five-member SC bench announces reserved verdict

Updated 23 Oct, 2023 07:40pm

Cricket

Bangladesh’s Shakib ‘still harbours’ World Cup semi-final dream

MUMBAI: Bangladesh captain Shakib Al Hasan said the Tigers “still harbour the dream” of a World Cup semi-final as...

Published 23 Oct, 2023 07:36pm

Cricket

India’s Kuldeep finds Warne inspiration at World Cup

NEW DELHI: India spinner Kuldeep Yadav said Monday that the late Shane Warne has been a big influence on his career...

Published 23 Oct, 2023 07:31pm

Forex

Open-market: rupee ends weaker against US dollar

The Pakistani rupee ended weaker against the US dollar in the open market for the second session on Monday, while...

Updated 23 Oct, 2023 07:13pm

Stocks

Most Gulf markets retreat on Middle East woes

Most stock markets in the Gulf ended lower on Monday, with the Dubai index falling for an eighth straight session as...

Published 23 Oct, 2023 06:58pm

Stocks

Wall St eyes lower open as 10-yr yield hits 5%; Big Tech earnings in focus

Wall Street’s main indexes were set to open lower on Monday as the yield on the benchmark U.S. 10-year Treasury note...

Published 23 Oct, 2023 06:30pm

Cricket

Bond named Rajasthan IPL fast bowling coach

NEW DELHI: Former New Zealand cricketer Shane Bond will be the assistant and fast bowling coach for Rajasthan Royals...

Published 23 Oct, 2023 06:19pm

South Asia

Fifteen killed, over 100 injured in Bangladesh train crash

DHAKA: At least 15 people have been killed and 100 others injured in Bangladesh after two trains collided on Monday,...

Published 23 Oct, 2023 05:59pm

Energy

Oil slips as investors watch diplomatic moves in Gaza war

LONDON: Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where...

Updated 23 Oct, 2023 05:54pm

Cricket

Markram says South Africa’s cricketers ‘inspired’ by Springboks

MUMBAI: Aiden Markram says South Africa’s cricketers are taking “inspiration” from the Springboks’ run to the Rugby...

Published 23 Oct, 2023 05:53pm

Movies & Music

Swift stays on top but ‘Flower Moon’ impresses on N.America screens

LOS ANGELES: The new Taylor Swift concert movie held on to the top spot in North American theaters this weekend, but...

Published 23 Oct, 2023 05:52pm

Stocks

India’s Nifty logs worst session in seven months on MidEast woes, high US yields

BENGALURU: Indian shares fell on Monday, with the benchmark Nifty 50 index logging its worst session in more than...

Published 23 Oct, 2023 05:44pm

Stocks

Sri Lanka shares rise on communication services, financials boost; inflation eases

CSE All-Share index settled 0.11% higher at 10,862.11

Published 23 Oct, 2023 05:37pm

Commodities

Copper hits 11-month low, focus on China and Middle East

LONDON: Copper prices tumbled to 11-month lows on Monday as China’s property crisis, receding hopes of stronger...

Published 23 Oct, 2023 05:34pm

Cricket

Ex-India cricket captain Bishan Singh Bedi dies aged 77

NEW DELHI: Indian cricketing hero and spin great Bishan Singh Bedi has died aged 77, sports minister Anurag Thakur...

Published 23 Oct, 2023 05:23pm

Sports

PCB rejects rumours about internal discord in team

Says team is cohesive and there is no evidence to support these 'unsubstantiated claims'

Updated 23 Oct, 2023 05:18pm

Pakistan

Nawaz moves IHC to revive pleas against conviction in Avenfield, Al-Azizia cases

In 2018, Nawaz was sentenced to 10 and seven years in prison in the Avenfield and Al-Azizia references

Updated 23 Oct, 2023 05:16pm

Companies

Atlas Honda’s profit up nearly 152% in July-Sept

Atlas Honda Limited (ALTH), one of Pakistan’s largest motorcycle manufacturers, saw its profit-after-tax (PAT) jump...

Published 23 Oct, 2023 05:14pm

Commodities

Palm tracks rival oils lower; exports, weaker ringgit cap losses

JAKARTA: Malaysian palm oil futures fell on Monday, weighed by weakness in rival Dalian vegetable oils and crude...

Published 23 Oct, 2023 05:12pm

Commodities

Gold per tola price increases Rs1,250 in Pakistan

Gold rates in Pakistan increased on Monday, in line with rise in the international rate. The yellow metal was priced...

Published 23 Oct, 2023 03:39pm

Literature

Did a computer write this? Book industry grapples with AI

FRANKFURT, Germany: From low-quality computer-written books flooding the market to potential copyright violations,...

Published 23 Oct, 2023 02:54pm

Stocks

Commodity-linked stocks drag FTSE 100 lower, Indivior lifts midcaps

The UK’s FTSE 100 slipped on Monday as rising government bond yields and losses in commodity-linked stocks kept...

Published 23 Oct, 2023 02:51pm

Forex

Russian rouble stabilises at near six-week high vs dollar

The Russian rouble hit a near six-week high close to the 95 mark against the dollar on Monday, locking in the strong...

Published 23 Oct, 2023 02:45pm

Middle East

Hamas says new Israel attacks kill at least 70 in Gaza, death toll crosses 4,650 Palestinians

GAZA STRIP: Israeli strikes on Gaza overnight and early Monday have killed at least 70 people, Hamas officials said,...

Updated 23 Oct, 2023 02:25pm

Sports

Australia optimistic for Head to start World Cup against Netherlands

Australia batsman Travis Head is a good chance to be recalled for the World Cup clash against the Netherlands as he...

Published 23 Oct, 2023 01:55pm

Forex

Dollar firm on high US bond yields, yen in focus

SINGAPORE: Japan’s yen weakened briefly on Monday to the 150-per-dollar level, as elevated US Treasury yields kept...

Updated 23 Oct, 2023 01:48pm

Technology

SpaceX signs deal to launch key European satellites

SpaceX has signed a deal to launch up to four of Europe’s flagship navigation and secure communications satellites...

Published 23 Oct, 2023 01:45pm

Sports

Carse replaces injured Topley in England World Cup squad

BENGALURU: Fast bowler Brydon Carse was on Monday called up to the England squad at the Cricket World Cup to replace...

Published 23 Oct, 2023 01:27pm

Sports

Djokovic and Swiatek to begin 2024 season in Perth

SYDNEY: Novak Djokovic and Iga Swiatek will both open their 2024 campaigns in Perth, Australia, after Serbia and...

Published 23 Oct, 2023 12:57pm

Technology

Google faces Japan anti-trust probe

TOKYO: Japan’s anti-trust watchdog said Monday it is investigating whether Google violated rules by asking...

Published 23 Oct, 2023 12:52pm

Stocks

European stocks mixed at open

PARIS: European stock markets moved in different directions at the start of trading Monday as investors kept a close...

Published 23 Oct, 2023 12:50pm

Europe

EU debates Gaza truce call, as top diplomat urges more aid

LUXEMBOURG: EU foreign policy chief Josep Borrell on Monday urged faster aid deliveries to Gaza, and said the bloc...

Published 23 Oct, 2023 12:46pm

Mutual Funds

JGB yields hit new decade-highs as speculation on YCC tweak grows

TOKYO: Japanese government bond (JGB) yields rose to new multi-year highs on Monday as investors digested the...

Published 23 Oct, 2023 12:27pm

Energy

QatarEnergy, Italy’s Eni sign 27-year LNG supply deal

DUBAI: State-owned QatarEnergy said on Monday it would supply Italy’s Eni with gas for 27 years, following similar...

Published 23 Oct, 2023 12:23pm

Markets

Italy’s UniCredit, Greece’s Alpha Bank to merge Romanian units

MILAN: Italian bank UniCredit on Monday said it was strengthening its presence in Romania by merging its local...

Published 23 Oct, 2023 12:21pm

Pakistan

SC begins hearing petitions seeking timely elections

Three-member bench headed by Chief Justice Qazi Faez Isa takes up pleas

Published 23 Oct, 2023 12:20pm

Forex

South African rand opens flat, global factors in driving seat

JOHANNESBURG: The South African rand was little changed in early trade on Monday, with analysts saying global...

Published 23 Oct, 2023 12:18pm

Europe

Meloni’s first anniversary as Italy PM marred by economy, family split

ROME: Weak economic growth and high interest on the country’s huge debt are the main problems facing Italian Prime...

Published 23 Oct, 2023 12:08pm

Sports

COVID lockdown training base kept Shami sharp for World Cup comeback

A home-made practice facility Mohammed Shami built just before COVID-19 lockdowns kept the India pace bowler sharp...

Published 23 Oct, 2023 12:02pm

Sports

Sargeant ends a 30-year wait for US driver to score in F1

AUSTIN: Williams rookie Logan Sargeant celebrated a surprise first point in Formula One on Sunday, thanks to the...

Published 23 Oct, 2023 11:55am

Middle East

Israel bombards Gaza, Lebanon as Netanyahu convenes war cabinet

GAZA/OCCUPIED JERUSALEM: Israel bombarded Gaza with air strikes early on Monday and its aircraft struck southern...

Published 23 Oct, 2023 11:52am

Financial

ECB set to hold rates as inflation drifts downwards

BERLIN: For the first time in over a year, European Central Bank policymakers are expected to decide against raising...

Published 23 Oct, 2023 11:40am

Markets

Inflation expected to come down to 26% in October: brokerage house

Amid drop in food prices, JS Global says CPI reading to go lower

Published 23 Oct, 2023 11:37am

Sports

‘Gory’ dog bite injury sidelines Australia’s Healy

SYDNEY: Alyssa Healy has undergone finger surgery after trying to break up a fight between her dogs, with the acting...

Published 23 Oct, 2023 11:36am

Europe

Sunak nears first anniversary as UK PM with little to celebrate

LONDON: A first anniversary in office is normally a moment for a leader to celebrate, but Britain’s Rishi Sunak hits...

Published 23 Oct, 2023 11:31am

World

Economy minister Massa, outsider Milei head to Argentina runoff

BUENOS AIRES: Argentina’s Economy Minister Sergio Massa and anti-establishment outsider Javier Milei will face off...

Published 23 Oct, 2023 11:28am

Business & Finance

Roche to pay $7.1bn for Telavant Holdings

ZURICH: Swiss pharmaceutical group Roche said Monday it will pay $7.1 billion to buy Telavant Holdings, a group...

Published 23 Oct, 2023 11:20am

Forex

Australia, NZ dollars vulnerable ahead of data, RBA events

SYDNEY: The Australian and New Zealand dollars remained hooked to events in the Middle East on Monday as worries...

Published 23 Oct, 2023 11:15am

Pakistan

China’s Afghanistan affairs envoy meets Pakistan foreign secretary in Beijing

BEIJING: China’s special envoy for Afghanistan affairs Yue Xiaoyong met with Pakistan’s foreign secretary Muhammad...

Published 23 Oct, 2023 11:14am

Companies

Toyota lobbies India to cut hybrid-car taxes as much as 21%

NEW DELHI: Japan’s Toyota Motor is lobbying the Indian government to cut taxes on hybrid vehicles by as much as...

Published 23 Oct, 2023 11:12am

Commodities

Copper dips amid Middle East worries, rising stocks

BEIJING: Copper prices opened lower on Monday, weighed down by growing concerns about the Middle East conflict and...

Published 23 Oct, 2023 11:03am

Forex

Indian rupee may drop on weak risk, eyes fallout of RBI’s swap maturity

MUMBAI: The Indian rupee is likely to fall on Monday, tracking weakness in Asian shares and currencies, while...

Published 23 Oct, 2023 11:00am

Technology

Alibaba promises major discounts ahead of China’s ‘Singles Day’ shopping event

SHANGHAI: E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual...

Published 23 Oct, 2023 10:58am

Commodities

Palm tracks rival vegetable oils lower

JAKARTA: Malaysian palm oil futures fell more than 1% on Monday, weighed down by weakness in rival vegetable oils...

Published 23 Oct, 2023 10:55am

Energy

South Korea’s KNOC signs 5.3mn barrel oil storage deal with Saudi’s Aramco

SEOUL: South Korea’s state-run Korea National Oil Corp (KNOC) said on Monday that it has signed an oil storage...

Published 23 Oct, 2023 10:48am

Commodities

Wheat unmoved as rains in Australia, Argentina limit upside potential

SINGAPORE: Chicago wheat was largely unchanged on Monday, after climbing to its highest in more than a month last...

Published 23 Oct, 2023 10:44am

Technology

EV brand Beyonca signs investment deal with Saudi Arabian group

BEIJING: Electric vehicle brand Beyonca, backed by Renault and Dongfeng Motor , said on Monday that it signed an...

Published 23 Oct, 2023 10:41am

Energy

S&P Global launches Southeast Asia’s first LNG price assessment

SINGAPORE: Platts, part of S&P Global Commodity Insights, on Monday launched Southeast Asia’s first price...

Published 23 Oct, 2023 10:38am

Stocks

China’s blue-chip index hits lowest in 4-1/2 years

SHANGHAI: China’s blue-chip index dropped to its lowest in over 4-1/2 years on Monday, with markets subdued due to...

Published 23 Oct, 2023 10:35am

Forex

Asian currencies, stocks slip as Middle East worries dampen sentiment

The Malaysian ringgit and Indonesian rupiah led declines among Asian currencies on Monday, as fears that Israel’s...

Published 23 Oct, 2023 10:33am

Asia

Japan’s Kishida vows measures to cushion blow from rising inflation

TOKYO: Japanese Prime Minister Fumio Kishida pledged on Monday to compensate households for the rising cost of...

Published 23 Oct, 2023 10:29am

Markets

Rising yields may pressure BOJ to consider raising newly set cap

TOKYO: A recent surge in global interest rates is heightening pressure on the Bank of Japan to change its bond yield...

Published 23 Oct, 2023 10:26am

Mutual Funds

India bond yields rise marginally after central bank policy minutes

MUMBAI: Indian government bond yields rose slightly in early trading on Monday, after the Reserve Bank of India...

Published 23 Oct, 2023 10:22am

Taxes

Immovable properties in the UAE, UK: Rental income of resident Pakistanis taxable in country: expert

ISLAMABAD: The rental income of resident Pakistanis, having immovable properties in the United Kingdom (UK) and...

Updated 23 Oct, 2023 10:21am

Forex

Yuan pressured lower by widening yield gap, large capital outflows

SHANGHAI: China’s yuan fell against the dollar on Monday, nearly touching its daily trading limit, as pressure...

Published 23 Oct, 2023 10:19am

Stocks

Asia shares slip on Middle East woes, higher yields

SYDNEY: Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment...

Published 23 Oct, 2023 10:17am

From Libor to SOFR: DFIs anxiously waiting for transition

10 Development Finance Institutions wait for transition from USD London Interbank Offer Rate to Secured Over Night Financing Rate in Pakistani energy sector

Updated 23 Oct, 2023 10:11am

Business & Finance

‘Investors are getting facilities through SIFC’

LAHORE: Pakistan is providing foreign investment facilities in various sectors through Special Investment...

Updated 23 Oct, 2023 10:09am

Stocks

Indian shares muted as stronger banks offset Mideast jitters

BENGALURU: India’s blue-chips opened flat on Monday, as a rise in bank stocks led by ICICI Bank offset a roiled...

Published 23 Oct, 2023 10:07am

Bullion Rate

Gold slips from 5-mth peak as investors look to US economic data

Gold prices retreated from last session’s five-month peak on Monday as the US dollar and Treasury yields...

Published 23 Oct, 2023 10:03am

Stocks

Japan’s Nikkei drops, volatility spikes on Middle East concerns

TOKYO: Japan’s Nikkei share average fell on Monday as events in the Middle East kept investors on edge, with a gauge...

Published 23 Oct, 2023 10:01am

Stocks

Australian shares hit nearly 1-year low as commodity, banking stocks weigh

Australian shares fell on Monday to hit their lowest level in nearly a year, weighed down by losses in heavyweight...

Published 23 Oct, 2023 09:59am

CM for ending gender-based wage discrimination

KARACHI: Caretaker Sindh Chief Minister Justice Maqbool Baqar has directed the Labour Department to activate its...

Updated 23 Oct, 2023 09:21am

Business & Finance

Prices of daily-use items remain high despite cut in fuel rates

PESHAWAR: Prices of daily use items like vegetables, pulses, sugar, flour, live chicken/meat are still high in the...

Updated 23 Oct, 2023 09:19am

Pakistan

Moot discusses Pak-Russian ties

KARACHI: Pakistan Council on Foreign Relations (PCFR), a Karachi-based think tank, hosted an interactive session on...

Updated 23 Oct, 2023 09:05am

ATT: traders demand review of ban on 14 items

PESHAWAR: Pakistani and Afghan traders have called for review of the recent restrictions on import of 14 items under...

Updated 23 Oct, 2023 09:04am

FTO summons FBR officials for ignoring tax-related queries

Islamabad: The Federal Tax Ombudsman (FTO) has summoned Member Inland Revenue (Operations) Federal Board of Revenue...

Updated 23 Oct, 2023 09:03am

Pakistan

SC informed about start of civilians’ trial in military courts

ISLAMABAD: The federal government has filed a miscellaneous petition in the Supreme Court, informing the apex court...

Updated 23 Oct, 2023 08:45am

PIA suspends its operations?

KARACHI: Pakistan International Airlines’ (PIA) flight operations were ‘completely suspended’, as 77 flights were...

Updated 23 Oct, 2023 08:44am

Pak-Iranian border can be turned into ‘economic border’: envoy

LAHORE: Iranian Ambassador in Pakistan Dr Reza Amiri Mughaddam on Sunday suggested that 950-km long Pakistan and...

Updated 23 Oct, 2023 08:44am

BR’s refresher: your morning briefing for the day

Important updates from October 21 and October 22, 2023

Published 23 Oct, 2023 08:41am

Opinion

GSP+ rollover requires greater attention to sustainability

The GSP+ scheme has been extended for Pakistan for four additional years. However, the threat is not over. It is...