News Archives for Latest - 2023-10-26

World

UN food chief criticizes strict Rafah crossing checks for limiting Gaza aid

WASHINGTON: Overly stringent checks on trucks at the Rafah crossing from Egypt into Gaza were slowing the flow of...

Published 26 Oct, 2023 11:51pm

Pakistan

Safety, security of each Pakistani is of paramount importance: COAS

Chief of Army Staff (COAS) General Syed Asim Munir on Thursday said safety and security of each Pakistani is of...

Updated 26 Oct, 2023 11:33pm

Sports

PCB calls back Pakistan’s media manager midway through World Cup

Another sign of discord has emerged within the national cricket team as Pakistan Cricket Board (PCB) has called back...

Updated 26 Oct, 2023 11:13pm

World

Israel does not seek wider war, Gaza invasion will come when right, defence minister says

JERUSALEM: Israel has no interest in war with any other foe other than Hamas, and its ground operation in Gaza will...

Published 26 Oct, 2023 10:51pm

Forex

Goldman’s analysts say Pak rupee rally to be ‘short lived’: report

Analysts at Goldman Sachs Group Inc, a global investment bank and financial services company, have warned that gains...

Updated 26 Oct, 2023 10:44pm

Forex

Pakistan’s central bank reserves fall $220mn, now stand at $7.5bn

Total liquid foreign reserves held by country stand at $12.6 billion

Updated 26 Oct, 2023 10:43pm

Middle East

Israel bombards Gaza as Putin warns conflict could spread beyond Middle East

As the death toll mounts in Gaza, Palestinians are burying the unidentified dead in mass graves, with a number instead of a name, residents say

Updated 26 Oct, 2023 10:42pm

Middle East

Israeli tanks in overnight Gaza raid ahead of ‘next stage’

JERUSALEM: Israel sent tanks, troops and armoured bulldozers into the Gaza Strip in a “targeted raid” overnight that...

Updated 26 Oct, 2023 10:41pm

Pakistan

After deadline, illegal foreigners will stay in holding centres: Bugti

Says strict action will be taken against Pakistani nationals found involved in facilitating illegal foreigners in obtaining documents, properties and managing businesses in Pakistan

Updated 26 Oct, 2023 10:39pm

Pakistan

IHC dismisses Imran Khan’s plea against indictment in cipher case

The Islamabad High Court (IHC) on Thursday rejected Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s petition...

Published 26 Oct, 2023 10:31pm

Industry

PAAPAM members say ‘significant’ import substitution, exports possible in Pakistan

KARACHI: Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) officials believe...

Updated 26 Oct, 2023 10:08pm

Stocks

Gloomy earnings spark decline in British equities

The UK’s FTSE 100 declined on Thursday as Standard Chartered led a slide in bank stocks and Unilever led a drop in...

Published 26 Oct, 2023 09:23pm

Europe

US announces additional $150 million security assistance for Ukraine

WASHINGTON: The United States on Thursday announced additional security assistance for Ukraine amid the Russian...

Published 26 Oct, 2023 09:21pm

World

Russia is world’s fifth largest economy, will absolutely ‘not lose’ Ukraine war: envoy

KARACHI: The Russian envoy has said that his country has already emerged as the fifth-largest economy in the world,...

Published 26 Oct, 2023 08:54pm

Forex

Inter-bank: rupee sees further decline against US dollar

Currency depreciates 0.07% on Thursday

Updated 26 Oct, 2023 08:28pm

Pakistan

IHC restores Nawaz’s appeals in Al-Azizia, Avenfield references

The Islamabad High Court (IHC) restored on Thursday the appeals of Pakistan Muslim League-Nawaz (PML-N) supremo...

Updated 26 Oct, 2023 08:27pm

Stocks

Most Gulf markets retreat on Mideast woes, interest rate fears

Most stock markets in the Gulf ended lower on Thursday, as sentiment remained sour on concerns about widening...

Published 26 Oct, 2023 07:44pm

Cricket

Sri Lanka heap more World Cup misery on England with big win

BENGALURU: Sri Lanka breathed life into their World Cup campaign and left England in increasing danger of missing...

Updated 26 Oct, 2023 07:21pm

Stocks

KSE-100 ends flat in range-bound session

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed flat in a range-bound session on Thursday. The...

Published 26 Oct, 2023 07:15pm

Europe

Hamas delegation is visiting Moscow: Russian Foreign Ministry

MOSCOW: A delegation from Hamas, the Palestinian group that controls Gaza, is currently visiting Moscow, Russian...

Published 26 Oct, 2023 07:13pm

Companies

PSMC has not yet announced reduction in Suzuki car prices: spokesperson

Pak Suzuki Motor Company Limited (PSMC) has not announced a reduction in prices at present, its spokesperson...

Published 26 Oct, 2023 06:38pm

Middle East

Turkiye urges WHO to do more for Gazans hit by war

ANKARA: Turkiye’s health minister said on Thursday that he had urged the World Health Organization (WHO) to...

Published 26 Oct, 2023 06:39pm

Stocks

Wall St eyes lower open as megacaps fall; economic data in focus

Wall Street’s main indexes were poised to open lower on Thursday, as megacap stocks remained under pressure from...

Published 26 Oct, 2023 06:27pm

Forex

Open-market: rupee remains stable against US dollar

The Pakistani rupee remained unchanged against the US dollar in the open market on Thursday, while the local...

Updated 26 Oct, 2023 06:14pm

Life & Style

New York, London top Kearney’s Global Cities Report, Dubai ranked top city in MENA

Kearney’s Global Cities Report 2023 compared 156 cities across five categories

Published 26 Oct, 2023 06:13pm

South Asia

Qatar court hands down death penalty verdict for eight Indians: India govt

NEW DELHI: A Qatar court has announced the death penalty for eight Indians arrested in the country last year, the...

Published 26 Oct, 2023 06:03pm

Commodities

Asia rice: India prices extend declines as export duty hurts demand

Parboiled rice export prices from India fell for a fourth straight week as a recent extension of a tax on shipments...

Published 26 Oct, 2023 05:54pm

Companies

India’s Adani Group to raise $4bn to fund green hydrogen plans

BENGALURU: India’s Adani Group is looking to raise as much as $4 billion to fund its green hydrogen plans, Bloomberg...

Published 26 Oct, 2023 05:48pm

Pakistan

PIA cancels 349 flights over fuel row

ISLAMABAD: Pakistan International Airlines (PIA) has canceled 349 flights in the last two weeks due to a shortage of...

Published 26 Oct, 2023 05:41pm

Middle East

Why is Israel bombing south Gaza after telling people to go there?

Israel has told civilians in the northern Gaza Strip, including residents of Gaza City, to move to the south of the...

Published 26 Oct, 2023 04:52pm

Stocks

India’s blue-chips extend decline to near four-month lows

BENGALURU: India’s blue-chips fell for the sixth session in a row on Thursday, as the selling pressure intensified...

Published 26 Oct, 2023 04:44pm

Stocks

Sri Lanka shares end lower as communication services, financials drag

CSE All-Share index settled 0.74% lower at 10,536.33

Published 26 Oct, 2023 04:42pm

Commodities

Palm oil climbs on stronger rival oils, weaker ringgit

SINGAPORE: Malaysian palm oil futures extended gains on Thursday, buoyed by strength in rival edible oils and a...

Published 26 Oct, 2023 04:39pm

Cricket

Underperforming Pakistan eyeing win streak at World Cup, says Shadab

Pakistan have underperformed at the World Cup having lost three matches in a row but they are eyeing a winning...

Published 26 Oct, 2023 04:35pm

Commodities

Gold per tola price increases Rs2,900 in Pakistan amid surge in international rate

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

Published 26 Oct, 2023 04:14pm

Business & Finance

Prices of POL products likely to rise

ISLAMABAD: Prices of petroleum products are expected to rise with effect from November 1, 2023 owing to a surge in...

Updated 26 Oct, 2023 04:01pm

Europe

Kremlin: push for UN Israel-Hamas resolution must continue after setbacks

MOSCOW: The Kremlin said on Thursday that efforts to agree on what it called a balanced UN resolution on the...

Published 26 Oct, 2023 03:21pm

Sports

Man Utd show signs of life, but City offer real test

Manchester United’s season has spluttered into second gear with a run of three successive victories but the sceptics...

Published 26 Oct, 2023 03:18pm

Asia

Malaysia’s sultans to elect next king on Friday

KUALA LUMPUR: Malaysia’s sultans are scheduled to meet on Friday to elect the next king from among themselves, state...

Published 26 Oct, 2023 03:12pm

Stocks

Gloomy earnings spark decline in British equities

The UK’s FTSE 100 declined on Thursday as Standard Chartered led a slide in bank stocks and Unilever led a drop in...

Published 26 Oct, 2023 03:02pm

Movies & Music

Netizens gush over Deepika Padukone-Ranveer Singh’s wedding video

Video provides rare look inside their Lake Como wedding

Published 26 Oct, 2023 02:50pm

Europe

UK’s Sunak says governments, not companies, should assess AI risks

LONDON: British Prime Minister Rishi Sunak said on Thursday only governments, rather than tech companies, could...

Published 26 Oct, 2023 02:57pm

Sports

Swiss prosecutors end proceedings against FIFA boss Infantino

Criminal proceedings against FIFA President Gianni Infantino over his dealings with former Swiss attorney general...

Published 26 Oct, 2023 02:49pm

Life & Style

‘Too hot outside’: Saudis take to walking, jogging in malls

RIYADH: The shops have not yet opened, but the air-conditioned concourse of a Riyadh shopping mall is crowded anyway...

Published 26 Oct, 2023 01:23pm

Forex

Russian rouble pulls back from six-week high vs dollar

MOSCOW: The Russian rouble weakened marginally on Thursday, still supported by high oil prices and increasing...

Published 26 Oct, 2023 01:11pm

Energy

Oil falls after US stockpiles climb, Middle East tensions in focus

SINGAPORE: Oil prices fell on Thursday after a rise in US crude stockpiles and a climb in the dollar index, giving...

Updated 26 Oct, 2023 12:41pm

Forex

South African rand slips against dollar ahead of producer inflation figures

JOHANNESBURG: The South African rand weakened in early trade on Thursday ahead of September producer inflation...

Published 26 Oct, 2023 12:39pm

Stocks

European shares slump ahead of ECB verdict, dismal earnings weigh

European shares dropped on Thursday due to a rise in US Treasury yields and a slew of weak earnings reports, ahead...

Published 26 Oct, 2023 12:31pm

Stocks

Tokyo stocks end lower

TOKYO: Tokyo stocks ended sharply lower on Thursday after Wall Street was weighed down by mixed corporate earnings...

Updated 26 Oct, 2023 12:28pm

Technology

Meta quarterly profit more than doubles

SAN FRANCISCO: Meta on Wednesday reported that its quarterly profit more than doubled from last year’s figure to...

Published 26 Oct, 2023 11:59am

Sports

Mbappe helps PSG go top, Haaland back among the goals

PARIS: Kylian Mbappe helped Paris Saint-Germain move top of Champions League Group F with a 3-0 victory over AC...

Published 26 Oct, 2023 11:55am

Sports

Alcaraz announces return in time for Paris Masters

PARIS: Spanish world number two Carlos Alcaraz announced Wednesday that he will take part in the Paris Masters and...

Published 26 Oct, 2023 11:52am

Companies

Honda, GM scrap ‘affordable’ EV tie-up

TOKYO: Japanese automaker Honda and US giant General Motors said Thursday they were scrapping a tie-up that was...

Published 26 Oct, 2023 11:45am

Financial

ECB set to pause rate hikes as eurozone feels pinch

BERLIN: European Central Bank policymakers are widely expected to leave interest rates unchanged when they meet in...

Published 26 Oct, 2023 11:40am

Europe

Russia disregards losses, presses on in Ukraine’s Avdiivka

Russian forces are disregarding heavy losses and pressing on with a drive to capture the eastern Ukrainian city of...

Published 26 Oct, 2023 11:33am

Technology

STMicro beats third quarter sales forecasts

European chipmaker STMicroelectronics beat expectations on Thursday for third quarter sales, helped by demand from...

Published 26 Oct, 2023 11:18am

Mutual Funds

JGB yields climb to fresh decade highs in run-up to BOJ meeting

TOKYO: Japanese government bond (JGB) yields climbed to fresh decade highs on Thursday, following a rise in US...

Published 26 Oct, 2023 11:13am

Companies

Mercedes-Benz Q3 earnings take a hit on subdued sales, supply chain snags

BERLIN: Mercedes-Benz expects the adjusted return on sales of its cars division for the full year to hit the lower...

Published 26 Oct, 2023 11:11am

Companies

Volkswagen lags behind profitability targets in Q3

BERLIN: Volkswagen confirmed on Thursday preliminary results of 78.8 billion euros ($83.07 billion) in Q3 sales and...

Published 26 Oct, 2023 11:08am

Stocks

Australian shares end lowest in a year on rate hike worries

Australian shares ended lower on Thursday led by a drag in tech stocks and financials, a day after surprisingly...

Updated 26 Oct, 2023 11:05am

Forex

Asia FX, stocks slip as risk-off sentiment prevails

Emerging Asian currencies weakened and stocks dropped on Thursday, pressured by a firm US dollar and elevated bond...

Published 26 Oct, 2023 11:03am

Commodities

Wheat drops to two-week low on supply prospects; corn falls

SINGAPORE: Chicago wheat futures lost more ground on Thursday, with prices sliding to their lowest in almost two...

Published 26 Oct, 2023 11:01am

Europe

EU leaders tackle Middle East war but aim to keep up Ukraine support

BRUSSELS: European Union leaders meet on Thursday to grapple with the conflict between Israel and Hamas while also...

Published 26 Oct, 2023 10:57am

Asia

South Korea, Japan, US condemn North Korea’s supply of arms to Russia

SEOUL: South Korea, Japan and the United States strongly condemned the supply of arms and military equipment by...

Published 26 Oct, 2023 10:53am

Stocks

Asian stocks slump to 11-month lows as higher-for-longer rate fears persist

HONG KONG: Asian stocks slid to 11-month lows on Wednesday, US futures dropped and the dollar surged as Treasury...

Published 26 Oct, 2023 10:49am

Commodities

Palm climbs on weaker ringgit, Dalian gains

SINGAPORE: Malaysian palm oil futures rose for a second straight session on Thursday, underpinned by a softer...

Published 26 Oct, 2023 10:44am

Stocks

IT stocks lead fall in Indian shares amid global slide

BENGALURU: Indian shares opened lower on Thursday, dragged by information technology (IT) stocks after Tech...

Published 26 Oct, 2023 10:35am

Asia

Mideast in focus as US, China meet to pave way for Biden-Xi summit

WASHINGTON/BEIJING: Chinese Foreign Minister Wang Yi begins a long-anticipated visit to Washington on Thursday, as...

Published 26 Oct, 2023 10:31am

Bullion Rate

Gold rises as Mideast conflict dominates sentiment

Gold prices climbed on Thursday as the Middle East conflict kept investors worried, with safe-haven bullion standing...

Published 26 Oct, 2023 10:22am

Sports

Pulisic backs Milan to turn around poor Champions League form

AC Milan winger Christian Pulisic has backed his team to turn around their mediocre Champions League form after the...

Published 26 Oct, 2023 10:09am

USA

Police hunt for man linked to major mass shootings in Lewiston, Maine

Hundreds of police searched the city of Lewiston and surrounding areas of Maine state for a man sought in connection...

Published 26 Oct, 2023 10:04am

Forex

China’s yuan eases, but losses capped by PBOC’s strong fixing bias

SHANGHAI: China’s yuan eased against a strengthening dollar on Thursday, but the losses were limited as the central...

Published 26 Oct, 2023 09:58am

Mutual Funds

Indian benchmark yield above 7.35% as US peers move upwards

MUMBAI: Indian government bond yields rose in early trade on Thursday, with the benchmark yield back above the 7.35%...

Published 26 Oct, 2023 09:56am

Hundreds of uplift projects face the axe

These also include non-starter projects

Updated 26 Oct, 2023 09:53am

Markets

Standard Chartered reports Q3 profit slump on impairments

HONG KONG/LONDON: Standard Chartered (StanChart) on Thursday said third-quarter pre-tax profit fell by a third,...

Published 26 Oct, 2023 09:52am

Forex

Australia, NZ dollars hit one-year lows on souring risk, non-committal Bullock

SYDNEY: The Australian and New Zealand dollars plumbed fresh one-year lows on Thursday, undone by global risk...

Published 26 Oct, 2023 09:51am

Gas/RLNG pricing reforms: APTMA hails ECC decision

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) wholeheartedly welcomes the Economic Coordination...

Updated 26 Oct, 2023 09:50am

Salaried individuals: No proposal to change current exemption threshold: FBR

ISLAMABAD: The Federal Board of Revenue (FBR), Wednesday, informed the Senate Standing Committee on Finance that no...

Updated 26 Oct, 2023 09:49am

Stocks

China, HK stocks fall amid weak sentiment on economy, overseas risks

SHANGHAI: Chinese stocks fell on Thursday, with the blue-chip index hovering around a 4-1/2 year low amid weak...

Published 26 Oct, 2023 09:49am

Pakistan

‘Flawed business model’: PM’s remarks about print media attract censure

KARACHI: The remarks of the caretaker Prime Minister Anwaar-ul-Haq Kakar about “flawed business model” of print...

Updated 26 Oct, 2023 09:48am

Forex

Dollar firms, yen weakens to intervention-wary level

SINGAPORE: The dollar was firm on Thursday, hovering near a one-week high as Treasury yields rose and investor...

Published 26 Oct, 2023 09:46am

Auto manufacturing units: Ministry decides to re-validate licences

ISLAMABAD: The Ministry of Industries has decided to re-validate the licenses of auto manufacturing units operating...

Updated 26 Oct, 2023 09:34am

PSM’s issues: SIFC-formed group seeks meeting with MoI&P officials

ISLAMABAD: Pakistan Steel Mills (PSM) Stakeholders Group has sought appointment from Ministry of Industries and...

Updated 26 Oct, 2023 09:29am

Govt closes Q1 with budget deficit of 0.9pc of GDP

ISLAMABAD: The government has closed the first quarter of the current fiscal year (July-Sept 2023-24) with a budget...

Updated 26 Oct, 2023 09:02am

Business & Finance

Drive against power theft: 19,415 arrested, Rs14bn recovered, PM told

ISLAMABAD: The caretaker government has maintained that it recovered Rs14 billion on account of electricity theft...

Updated 26 Oct, 2023 08:48am

Chairman for engaging with Chinese SOEs to help revive PSM

ISLAMABAD: Chairman Pakistan Steel Mills (PSM) Aamir Mumtaz has proposed to the Special Facilitation Investment...

Updated 26 Oct, 2023 08:48am

Industrial consumers: Three options tailored for ‘winter package’

ISLAMABAD: Power Division has tailored three options for country-wide four months (November 2023 to February 29,...

Updated 26 Oct, 2023 08:45am

Computer, multimedia, trolley speakers: Customs’ values on import of low-end brands fixed

ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new Customs values on the import of low-end...

Updated 26 Oct, 2023 08:44am

BR’s refresher: your morning briefing for the day

Important updates from October 25, 2023

Published 26 Oct, 2023 08:41am

BR Research

Cotton buying: not enough juice?

During the cotton marketing season, the race to procure white gold usually does not start too early, driven by a...

Published 26 Oct, 2023 07:52am

BR Research

HBL’s record quarter – again!

Record-high interest rates crippling private sector credit demand? Check. All-time high consumer price index eroding...

Published 26 Oct, 2023 07:47am

BR Research

United Brands Limited

United Brands Limited (PSX: UBDL) was incorporated in Pakistan in 1965 as Batlay Match Industries Limited. The...

Published 26 Oct, 2023 07:44am

World

UN warns Gaza fuel shortage will stop aid work by end of day

GAZA STRIP: The main UN aid agency in besieged Gaza warned it will have to stop operations by the end of Wednesday...

Updated 26 Oct, 2023 06:52am

Industry

Govt, auto sector appear ‘close to resolving manufacturing certificate’ issue

OEMs' licence expired at the end of September, and has not yet been renewed due to companies missing the 2% export target in FY23

Published 26 Oct, 2023 06:50am

Opinion

Markets roll back fears of big ground invasion

A recent Bloomberg report notes: Asked on Friday whether Israel should delay the ground operation, President Joe...

Updated 26 Oct, 2023 06:34am

Opinion

Real cost of cross subsidies

No other commodity in Pakistan creates more economic distortions than electricity. Normal goods, public goods,...

Updated 26 Oct, 2023 06:33am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (October 25, 2023). ==================================== ...

Published 26 Oct, 2023 06:17am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (October 25, 2023). ======================================= ...

Published 26 Oct, 2023 06:17am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 25, 2023)....

Published 26 Oct, 2023 06:17am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 25, 2023)....

Published 26 Oct, 2023 06:17am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (October 25, 2023). ======================== Open ...

Published 26 Oct, 2023 06:17am

Forex

Open market rates of foreign currencies

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

Published 26 Oct, 2023 06:17am

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 26 Oct, 2023 06:17am

Rates

LME official prices

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

Published 26 Oct, 2023 06:17am

Rates

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (October 24, 2023). ==================================== BR...

Published 26 Oct, 2023 06:13am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (October 24, 2023). ======================================= Offset...

Published 26 Oct, 2023 06:13am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 24, 2023)...

Published 26 Oct, 2023 06:13am

Rates

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 24, 2023)....

Published 26 Oct, 2023 06:13am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (October 24, 2023) and the forecast for Wednesday (October 25, 2023)...

Published 26 Oct, 2023 06:13am

Rates

LME official prices

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

Published 26 Oct, 2023 06:12am

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 26 Oct, 2023 06:11am

Forex

Open market rates of foreign currencies

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

Published 26 Oct, 2023 06:11am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (October 24, 2023). ======================== Open Bid...

Published 26 Oct, 2023 06:10am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (October 24, 2023)....

Published 26 Oct, 2023 06:09am

Supplements

REDEFINING MARKETING AND ADVERTISING IN THE DIGITAL ERA EMBRACING TRANSFORMATION: THE DIGITAL REVOLUTION

TEXT: Marked by the extraordinary impact of the COVID-19 pandemic, our civilization has been fundamentally reshaped...