News Archives for Latest - 2023-10-24

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Archive - 2023-10-24

Life & Style

Kinza Hashmi is the new face of Infinix ZERO 30 series

Infinix, a brand known for its innovation in mobile technology, has recently revealed Kinza Hashmi as their new...

Updated 26 Oct, 2023 08:25pm

World

Gaza ceasefire ‘only benefits Hamas’: White House

WASHINGTON: A ceasefire in Gaza would only help Hamas, the White House said Tuesday, as Israel wages an air campaign...

Published 24 Oct, 2023 11:32pm

Cricket

Ton-up De Kock leads South Africa’s World Cup rout of Bangladesh

MUMBAI: Quinton de Kock hit a brilliant 174, his third century of the World Cup, as South Africa hammered Bangladesh...

Updated 24 Oct, 2023 11:23pm

Stocks

KSE-100 drifts lower amid profit-taking, but still settles over 51,000

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed slightly lower on Tuesday amid profit-taking from...

Updated 24 Oct, 2023 10:55pm

Forex

Inter-bank: rupee registers marginal fall against US dollar

Currency settles at 279.43 on Tuesday

Updated 24 Oct, 2023 10:54pm

Pakistan

Cipher case: IHC rejects Imran Khan’s intra-court appeal against jail trial

The Islamabad High Court (IHC) on Tuesday rejected former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman...

Updated 24 Oct, 2023 10:44pm

Pakistan

Pakistan successfully conducts training launch of Ghauri Weapon System: ISPR

Commander of Army Strategic Forces Command appreciates training and operational preparedness of Army Strategic Forces

Updated 24 Oct, 2023 10:43pm

Pakistan

Army chief meets Palestinian envoy, expresses concern over Israel’s ‘unabated violence’ in Gaza

Munir reiterates call for immediate cessation of hostilities, opening of humanitarian corridor to Gaza, protection of civilians, and adherence to International Humanitarian Law

Updated 24 Oct, 2023 10:32pm

Energy

Gas tariff hike to bode well for Pakistan in upcoming IMF review: brokerage house

Topline Securities says chemical sector is likely to be significantly impacted as gas prices constitute a major part of total cost and impact is unlikely to be passed on to final consumers

Updated 24 Oct, 2023 10:31pm

Middle East

Hamas official calls for halt to war on Gaza, opening humanitarian aid crossings

Only a few dozen trucks carrying food, medicine and water have entered Gaza via the southern border with Egypt since a deal entered into operation on Saturday

Updated 24 Oct, 2023 09:53pm

Middle East

Erdogan says UN Security Council has ‘deepened’ Gaza crisis

ISTANBUL: Turkish President Tayyip Erdogan on Tuesday accused the United Nations Security Council of deepening the...

Published 24 Oct, 2023 09:48pm

Business & Finance

Israel-Hamas war threatens world economy, bankers tell Saudi forum

RIYADH: The war between Israel and Hamas could deal a heavy blow to the global economy, banking titans told a glitzy...

Updated 24 Oct, 2023 09:46pm

Middle East

Blinken warns Iran that US will respond ‘decisively’ to any attack

UNITED NATIONS: Secretary of State Antony Blinken on Tuesday warned Iran that the United States would respond...

Published 24 Oct, 2023 09:46pm

Stocks

Markets up, oil down as investors eye Mideast crisis

LONDON: Oil slid but most world stock markets rose Tuesday in anticipation of a raft of strong US corporate...

Published 24 Oct, 2023 09:43pm

Pakistan

PM Kakar vows to resist vaccine skeptics to achieve dream of polio-free Pakistan

Caretaker Prime Minister Anwaar-ul-Haq Kakar has vowed to resist the individuals propagating against the polio...

Published 24 Oct, 2023 09:00pm

Currency

Bitcoin soars to near 18-month high as ETF speculation mounts

LONDON/SINGAPORE/NEW YORK: Bitcoin rose by nearly 10% on Tuesday to $34,872, its highest in nearly a...

Published 24 Oct, 2023 08:41pm

Stocks

TSX rise on technology, utilities boost as U.S. yields take a breather

Canada’s main stock index rose on Tuesday, driven by rate-sensitive technology and utility stocks as U.S. Treasury...

Published 24 Oct, 2023 08:34pm

Forex

Open-market: rupee weakens marginally against US dollar

The Pakistani rupee fell marginally against the US dollar in the open market on Tuesday, as the local currency also...

Updated 24 Oct, 2023 08:34pm

Pakistan

Al-Azizia reference: Punjab govt suspends Nawaz’s sentence

Provincial government exercises its constitutional powers under Section 401 of the Criminal Procedural Code

Updated 24 Oct, 2023 08:11pm

Pakistan

IHC extends Nawaz Sharif’s protective bail in Avenfield, Al-Azizia references till Oct 26

The Islamabad High Court (IHC) extended on Tuesday the protected bail of former prime minister and Pakistan Muslim...

Updated 24 Oct, 2023 07:07pm

Cricket

Stokes signs on for just a year amid new lengthy England deals

LONDON: Test captain Ben Stokes has signed just a 12-month extension while other England cricketers have agreed...

Published 24 Oct, 2023 07:06pm

Companies

Coca-Cola lifts forecasts as earnings sparkle on higher prices, steady demand

Coca-Cola Co on Tuesday raised its annual sales and profit forecasts for a second time this year, riding on...

Published 24 Oct, 2023 07:02pm

Stocks

Gulf bourses mixed ahead of US economic data amid Mideast woes

Stock markets in the Gulf ended mixed on Tuesday ahead of U.S. economic data expected to offer clues to the next...

Published 24 Oct, 2023 06:59pm

Europe

Russian shelling wounds eight in Ukraine

KYIV: Russian shelling wounded at least eight people overnight in frontline regions of Ukraine, officials in Kyiv...

Published 24 Oct, 2023 06:56pm

Cricket

Pakistan’s World Cup woe – what’s gone wrong?

CHENNAI: Pakistan’s chances of making the semi-finals of the Cricket World Cup are on a knife-edge after their...

Published 24 Oct, 2023 06:56pm

Companies

As high as Rs1.31mn: Indus Motor announces significant reduction in Toyota car prices

Rates reduced in range of 2 to 8% following rupee's recent appreciation against US dollar

Updated 24 Oct, 2023 06:54pm

Commodities

Copper steadies as China stimulus offsets gloomy outlook elsewhere

LONDON: Copper prices were steady on Tuesday as top metals consumer China approved more stimulus, offsetting a...

Published 24 Oct, 2023 06:36pm

Commodities

Palm oil closes lower on stronger soybean harvest, recovering ringgit

SINGAPORE: Malaysian palm oil futures fell on Tuesday as a rapidly advancing U.S. soybean harvest and a recovering...

Published 24 Oct, 2023 06:33pm

Stocks

Wall Street eyes higher open as Treasury yields retreat; earnings in focus

Wall Street’s main indexes were set to open higher as a selloff in U.S. Treasuries eased on Tuesday, while shares of...

Published 24 Oct, 2023 06:28pm

Stocks

Sri Lankan shares end lower as financials, industrials weigh

CSE All-Share index settled 1.2% lower at 10,731.41

Published 24 Oct, 2023 06:17pm

Bullion Rate

Gold per tola price down Rs400 in Pakistan

Gold rates in Pakistan decreased on Tuesday, in line with decline in the international rate. The yellow metal was...

Published 24 Oct, 2023 06:17pm

Cricket

‘Everyone calls me Shaun,’ says Mitchell Marsh

NEW DELHI: Australia all-rounder Mitchell Marsh said Tuesday “everyone calls me Shaun” after he was spotted wearing...

Published 24 Oct, 2023 06:05pm

Perspectives

Like its economy, Pakistan’s cricket team will also rely on ‘bailouts’

A clueless Pakistan team was mauled on the cricket field by Afghanistan on Monday night. It wasn’t just...

Updated 24 Oct, 2023 06:00pm

Companies

Pak Suzuki announces yet another shutdown of automobile, motorcycle plants

Pak Suzuki Motor Company (PSMC) announced on Tuesday another temporary shutdown of its automobile and motorcycle...

Updated 24 Oct, 2023 05:30pm

Middle East

Hamas says at least 140 killed in Israel night strikes on Gaza

More than 5,000 people have been killed since October 7

Updated 24 Oct, 2023 02:25pm

Energy

Oil prices broadly stable amid flurry of weak economic data

LONDON: Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic...

Updated 24 Oct, 2023 02:24pm

South Asia

Sri Lanka approves free tourist visa for seven countries to boost tourism

Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024

Published 24 Oct, 2023 02:21pm

Middle East

Qatar’s emir: Israel shouldn’t get unrestricted OK to kill

DOHA: Qatar’s ruling emir on Tuesday urged the international community not to grant Israel “unrestricted...

Published 24 Oct, 2023 02:12pm

Stocks

Most Gulf markets gain ahead of US economic data

Most major stock markets in the Gulf rose in early trade on Tuesday ahead of economic data expected to offer clues...

Published 24 Oct, 2023 02:05pm

Europe

Several missing after two cargo ships collide in North Sea

BERLIN: Several people are missing after a collision between two cargo ships in the North Sea, one of which is...

Published 24 Oct, 2023 01:56pm

Movies & Music

Netflix and Spielberg combine for nature doc ‘Life on Our Planet’

LOS ANGELES: ‘Life on Our Planet,’ the new natural history series from Netflix and Steven Spielberg, sets out to...

Published 24 Oct, 2023 01:47pm

Europe

Italy foreign minister questions death toll in Gaza hospital strike

ROME: Italy’s foreign minister said an explosion at a hospital in Gaza City last week was not caused by a missile...

Published 24 Oct, 2023 01:45pm

Forex

Russian rouble soars to six-week high past 94 vs dollar

MOSCOW: The Russian rouble soared to a six-week high past 94 to the dollar on Tuesday, supported by higher oil...

Published 24 Oct, 2023 01:43pm

Sports

Babar has no positive spin on Pakistan loss to Afghans

Pakistan captain Babar Azam rued his team’s failure to put pressure on Afghanistan with spin in Monday’s...

Published 24 Oct, 2023 01:41pm

Stocks

FTSE 100 flat as Barclays drags, miners cap losses

The UK’s FTSE was flat on Monday as gains in mining stocks tracking metal prices higher offset the drag from shares...

Published 24 Oct, 2023 01:22pm

Sports

Rare public joy sweeps Kabul after World Cup win over Pakistan

KABUL: Fireworks and celebratory gunfire raked Kabul’s skies as Afghans celebrated their stunning eight-wicket...

Published 24 Oct, 2023 01:07pm

Middle East

Israel-Hamas war risks ‘serious’ economic damage: World Bank president

RIYADH: The war between Israel and Hamas could deal a “serious” blow to global economic development, the president...

Published 24 Oct, 2023 12:58pm

Markets

Barclays says profit hit by costs, impairments

LONDON: British bank Barclays on Tuesday unveiled a 16-percent drop in net profit for the third quarter on souring...

Published 24 Oct, 2023 12:51pm

Stocks

European equities steady at open

LONDON: European stock markets steadied at the open on Tuesday, with London’s benchmark FTSE 100 index opened almost...

Published 24 Oct, 2023 12:48pm

Middle East

Two more hostages freed by Hamas

GAZA STRIP: Gaza’s Hamas group on Monday freed two more women taken as hostages during the October 7 attacks, with...

Published 24 Oct, 2023 12:41pm

Sports

Dortmund adjusting to life after Bellingham as crunch Newcastle match looms

BERLIN: Borussia Dortmund travel to their crucial Champions League clash at Newcastle on Wednesday still adjusting...

Published 24 Oct, 2023 12:24pm

Stocks

Hong Kong stocks resume lower

HONG KONG: Hong Kong stocks opened down on Tuesday after a long weekend, with traders watching US Treasury yields...

Published 24 Oct, 2023 12:17pm

Technology

Microsoft announces $3.2 billion investment in Australia

SYDNEY: Microsoft announced Tuesday a Aus$5 billion (US$3.2 billion) investment in Australia focused on cloud...

Published 24 Oct, 2023 12:15pm

Middle East

French President Macron arrives in Israel on solidarity visit

TEL AVIV: French President Emmanuel Macron arrived in Tel Aviv on Tuesday to express his country’s “full solidarity”...

Published 24 Oct, 2023 12:08pm

World

Armed attacks in Mexico leave 24 dead, including at least 12 police

ACAPULCO: Three separate armed attacks in Mexico on Monday left at least 24 people dead, including a dozen police...

Published 24 Oct, 2023 11:50am

World

New Zealand opens inquest into Christchurch mosques attack

WELLINGTON: An inquest into New Zealand’s 2019 mosque killings opened Tuesday, with relatives of the 51 people who...

Published 24 Oct, 2023 11:44am

Europe

Russia, Iran strengthen ties in ‘trusting’ atmosphere

Russia and Iran are firming up bilateral relations in a ‘trusting’ atmosphere, Russia’s foreign ministry said early...

Published 24 Oct, 2023 11:31am

Europe

Russia’s navy repelling Ukraine’s attack on Crimea’s Sevastopol

Russia’s Black Sea Fleet was engaged early on Tuesday in repelling a Ukraine attack on Sevastopol, a...

Published 24 Oct, 2023 11:26am

Financial

Bank of Japan to conduct unscheduled bond-buying operation

TOKYO: The Bank of Japan announced an unscheduled bond operation on Tuesday, as it sought to slow a rise in Japanese...

Published 24 Oct, 2023 11:19am

Europe

EU not ready for formal probe into China’s wind industry

BRUSSELS: The European Union still lacks “very clear evidence” of unfair practices to launch a formal probe into...

Published 24 Oct, 2023 11:16am

USA

Biden urges ‘continuous flow’ of aid to Gaza in call with Netanyahu

WASHINGTON: US President Joe Biden underscored the need to sustain “a continuous flow” of humanitarian assistance...

Published 24 Oct, 2023 11:12am

Business & Finance

South Korea’s Hyundai, Saudi Aramco clinch $2.4bn gas plant deal

SEOUL: South Korea’s Hyundai Engineering & Construction and Hyundai Engineering have signed a $2.4 billion...

Published 24 Oct, 2023 11:09am

Stocks

China stocks struggle on weak sentiment after state fund’s support

SHANGHAI: China stocks edged up in early trade on Tuesday while Hong Kong shares slipped, as markets struggled to...

Published 24 Oct, 2023 11:02am

Commodities

Palm oil falls 2% on stronger soybean harvest, ringgit

SINGAPORE: Malaysian palm oil futures fell on Tuesday as rapidly advancing US soybean harvest and a strengthening...

Published 24 Oct, 2023 10:59am

Business & Finance

Thai exports unexpectedly rise for 2nd straight month in Sept

BANGKOK: Thailand’s customs-based exports unexpectedly increased 2.1% in September from a year earlier, helped by...

Published 24 Oct, 2023 10:55am

Commodities

Soybeans drop to 1-week low, corn down for 3rd session on US harvest

SINGAPORE: Chicago soybean futures lost more ground on Tuesday to hit their lowest in a week, while corn slid for a...

Published 24 Oct, 2023 10:52am

Asia

Indonesia president says rupiah’s drop still ‘safe’, flags tax incentives

JAKARTA: Indonesia President Joko Widodo said on Tuesday the rupiah’s recent depreciation rate against the dollar...

Published 24 Oct, 2023 10:46am

Business & Finance

Russia’s Rusal in $262mn deal to buy stake in Chinese alumina firm

BEIJING: Russia’s Rusal, the world’s largest aluminium producer outside China, said on Tuesday it agreed to buy 30%...

Published 24 Oct, 2023 10:44am

Import of 200,000 MT of urea fertiliser allowed: ECC approves increase in gas tariff

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved increase in gas tariff for the...

Updated 24 Oct, 2023 10:41am

Forex

China’s yuan rebounds as US yields pullback, weakening dollar

SHANGHAI: China’s yuan strengthened on Tuesday against the dollar, which weakened amid a sharp pullback in US...

Published 24 Oct, 2023 10:40am

Financial

Bitcoin leaps to 2023 high on ETF bets

SINGAPORE: Cryptocurrencies extended gains in Asia trade on Tuesday, with bitcoin rallying to an almost 18-month...

Published 24 Oct, 2023 10:38am

Companies

HBL sets industry benchmark with Rs1bn disbursement in EWR Financing

KARACHI: HBL achieved disbursement of over Rs1 billion in Electronic Warehouse Receipt (EWR) financing, stated a...

Published 24 Oct, 2023 10:38am

Forex

Asian stocks, FX recover lost ground as US bond selloff eases

The Thai baht and South Korean won led sharp gains among Asian currencies on Tuesday, with stocks slipping as a...

Published 24 Oct, 2023 10:35am

Asia

China will do utmost to contribute to Palestinian-Israeli reconciliation

BEIJING: China will do its utmost when it comes to contributing to Palestinian-Israeli reconciliation, its foreign...

Published 24 Oct, 2023 10:32am

Technology

China’s Huawei sells 1.6mn Mate 60 series handsets in six weeks

SHENZHEN: Huawei Technologies has sold 1.6 million of its Mate 60 series handsets in six weeks, a research firm...

Published 24 Oct, 2023 10:23am

Energy

World oil, gas, coal demand to peak by 2030, IEA says

LONDON: World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China’s economy grows...

Published 24 Oct, 2023 10:21am

Companies

Qantas, China Eastern Airlines withdraw request to regulator to extend pact

Qantas Airways said on Tuesday the company and China Eastern Airlines have withdrawn their application to Australian...

Published 24 Oct, 2023 10:16am

Bullion Rate

Gold gains on softer US bond yields, Mideast uncertainty

Gold prices rebounded on Tuesday as benchmark US Treasury yields pulled back, while investors awaited economic data...

Published 24 Oct, 2023 10:14am

Cricket

Historic win over Pakistan will have great ripple effect: Afghan coach

The landmark win over Pakistan in the World Cup will cause a ripple effect in Afghan cricket and inspire future...

Published 24 Oct, 2023 10:01am

Stocks

Asian shares hit 11-month lows; focus on US economic data

SINGAPORE: Asian equities slipped to their lowest in more than 11 months on Tuesday, while the dollar wobbled in...

Published 24 Oct, 2023 10:09am

Stocks

Japan’s Nikkei reverses early gains as Nidec tumbles on profit outlook

TOKYO: Japan’s Nikkei share average gave up early gains to trade lower on Tuesday, dragged down by losses in Nidec...

Published 24 Oct, 2023 10:06am

Govt braces itself for first review of SBA

All ministries/ divisions and entities share required data with the Finance Division for onward submission to the IMF, before the first review formally starts

Updated 24 Oct, 2023 10:03am

Forex

Australia, NZ dollars get respite from pullback in Treasury yields

SYDNEY: The Australian and New Zealand dollars heaved sighs of relief on Tuesday as 10-year Treasuries found buyers...

Published 24 Oct, 2023 10:02am

Stocks

Australian shares rise ahead of inflation data as banks, miners gain

Australian shares rose on Tuesday after three straight sessions of losses, helped by gains in heavyweight financial...

Published 24 Oct, 2023 09:54am

Forex

Dollar dips ahead of key US data, bitcoin soars

TOKYO: The dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as...

Published 24 Oct, 2023 09:53am

Punjab urges Centre to procure cotton at Rs 8,500/maund

LAHORE: Expressing concerns over dwindling prices of cotton, the Punjab government has asked the federation to...

Updated 24 Oct, 2023 09:39am

Recovery of CVT under Finance Act 2022: Taxmen’s orders are without jurisdiction: former FBR chief

ISLAMABAD: All the orders passed by the taxation officers/Inland Revenue officers for the recovery of Capital Value...

Updated 24 Oct, 2023 09:38am

MoF to share green bonds, debt swaps plan with SIFC today

ISLAMABAD: Finance Ministry is all set to share its plan on floating of international and domestic green bonds and...

Updated 24 Oct, 2023 09:37am

Annual report on state of economy for FY23: Structural weaknesses exacerbated impact of supply shocks: SBP

KARACHI: Pakistan’s economy faced multiple challenges during FY23, as longstanding structural weaknesses exacerbated...

Updated 24 Oct, 2023 09:12am

Cut in oil prices: PM expects a visible trickle-down effect

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar has directed to ensure that the benefits of 12.38 percent...

Updated 24 Oct, 2023 09:11am

SBP introduces steps to facilitate IT exporters, freelancers

KARACHI: In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, the State Bank...

Updated 24 Oct, 2023 09:11am

20 MoUs inked during China visit: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has maintained that around 20 memorandums of understanding...

Updated 24 Oct, 2023 09:10am

BR’s refresher: your morning briefing for the day

Important updates from October 23, 2023

Published 24 Oct, 2023 08:41am

Business & Finance

PSO restores fuel supply to at least 20 PIA flights

ISLAMABAD: Pakistan State Oil (PSO) restored fuel supply to at least 20 flights of Pakistan International Airlines...

Updated 24 Oct, 2023 08:40am

Pakistan

‘Election delayed is election denied’: Bilawal

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari said that his party wants an equal level...

Updated 24 Oct, 2023 08:39am

BR Research

Demand destruction at play

The current account almost stood in balance (deficit of $8 mn) in September due to lower import payment bill. The...

Published 24 Oct, 2023 08:17am

BR Research

Power generation: Gradually inching up

The worst is behind us. All high frequency data points are increasingly pointing out that much. After LSM numbers...

Published 24 Oct, 2023 08:13am

BR Research

Thal Limited

Thal Limited (PSX: THALL) was incorporated in Pakistan as a public limited company in 1966. The principal activity...

Published 24 Oct, 2023 06:53am

World

EU mulls call for ‘humanitarian pause’ in Gaza

LUXEMBOURG: EU foreign policy chief Josep Borrell said Monday that he believed the bloc’s leaders would back a ...

Updated 24 Oct, 2023 06:48am

World

Erdogan submits Sweden NATO bid to Turkish parliament

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

Updated 24 Oct, 2023 06:47am

Commodities

Chicago grains stay weak

PARIS/SINGAPORE: Chicago soybeans, corn and wheat edged down on Monday as an advancing Midwest harvest and rain...

Updated 24 Oct, 2023 06:45am

Money & Banking

Dollar eases as Treasury yields retreat

NEW YORK: The US dollar edged lower against a basket of currencies on Monday as US Treasuries erased earlier losses,...

Updated 24 Oct, 2023 06:44am

World

Israeli soldiers skirmish with Hamas inside Gaza

GAZA/OCCUPIED JERUSALEM: Israel battered Gaza from the air on Monday, killing more people, while its soldiers fought...

Updated 24 Oct, 2023 05:59am

Opinion

IGCEP: Managing uncertainties

Pakistan formally adopted the Integrated Generation Capacity Expansion Plan (IGCEP) in 2020 to strengthen and...

Updated 24 Oct, 2023 05:55am

Opinion

The Palestinian resistance

The ongoing Israel-Gaza war began with the spectacular attack by Hamas into Israel on October 7, 2023. Hamas...

Updated 24 Oct, 2023 05:52am

Opinion

Value of PKR

There have been unusual developments in the value of the rupee (PKR) during the last seven weeks. From a trend in ...

Updated 24 Oct, 2023 05:50am

Sports

PCB denies internal discord in cricket team

LAHORE: The Pakistan Cricket Board (PCB) strongly denies recent speculations about any internal discord in the...