News Archives for Latest - 2023-10-27

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Archive - 2023-10-27

Cricket

South Africa break Pakistan hearts with one-wicket World Cup win

Maharaj hits winning boundary as South Africa chase 271-run target with one wicket to spare

Updated 27 Oct, 2023 11:17pm

World

UN chief says Gaza faces 'avalanche of human suffering'

UNITED NATIONS: The United Nations chief warned Friday that Gaza faces "an unprecedented avalanche of human...

Published 27 Oct, 2023 11:08pm

Middle East

Release of hostages needs ceasefire, says Hamas official

Gaza's 2.3 million civilians are growing more desperate under the siege that has cut power and water as well as supplies of food, fuel and medicine

Updated 27 Oct, 2023 11:00pm

Middle East

UN agency says ‘meaningful and uninterrupted’ aid needed for Gaza

At least 7,028 Palestinians have been killed in Gaza Strip, including 2,913 children, according to figures released by the health ministry

Updated 27 Oct, 2023 10:59pm

Pakistan

33,000 illegal immigrants identified via mapping to be deported: minister

Updated 27 Oct, 2023 10:58pm

Money & Banking

Askari Bank latest to establish wholly-owned Exchange Company

Askari Bank Limited, a subsidiary of Fauji Foundation, announced on Friday it will establish an Exchange Company...

Updated 27 Oct, 2023 10:57pm

World

Internet, phone network cut across Gaza

GAZA STRIP: Internet access and the phone network were completely cut across the Gaza Strip on Friday, amid intense...

Published 27 Oct, 2023 10:56pm

Companies

Indus Motor Company posts profit of Rs3.22bn in July-September, 148% higher YoY

Indus Motor Company (IMC) reported on Friday a profit of Rs3.22 billion for the quarter ended September 30, 2023, an...

Updated 27 Oct, 2023 10:55pm

USA

Behind Biden’s shift on Israel assault: deaths of Palestinians, international pressure

WASHINGTON: US President Joe Biden and his team have markedly shifted their tone on the Israel-Hamas crisis in...

Updated 27 Oct, 2023 10:51pm

Industry

Auto part makers call for tax cut on local vehicles to boost manufacturing

The country’s auto part makers have asked the government to reduce taxes on the auto sector to boost localisation....

Published 27 Oct, 2023 10:44pm

Movies & Music

‘My heart is bleeding with pain’: model Bella Hadid shares heartfelt note as Israel bombards Gaza

Model Bella Hadid, sister of Gigi Hadid, broke her silence on the relentless Israeli bombing of Gaza that has...

Updated 27 Oct, 2023 08:29pm

Europe

EU working on proposal for frozen Russian assets: von der Leyen

BRUSSELS: The European Commission is working on a proposal to pool some of the profits derived from frozen Russian...

Published 27 Oct, 2023 07:54pm

Stocks

Nasdaq, S&P 500 edge higher as Amazon, Intel lift megacaps

The Nasdaq and S&P 500 rose on Friday as robust updates from Amazon.com and Intel lifted beaten-down megacaps,...

Published 27 Oct, 2023 07:51pm

Stocks

Energy stocks drag TSX lower, US data fuels rate optimism

Canada’s main stock index was set for a second consecutive week of declines after TSX fell on Friday, led by losses...

Published 27 Oct, 2023 07:47pm

Stocks

Stocks retreat, KSE-100 loses 241 points amid selling pressure

A bearish trend ruled the Pakistan Stock Exchange (PSX) on Friday, as its benchmark KSE-100 Index closed lower by...

Updated 27 Oct, 2023 07:45pm

Forex

Open-market: rupee inches upward against US dollar

The Pakistani rupee registered marginal improvement against the US dollar in the open market on Friday, while the...

Updated 27 Oct, 2023 07:42pm

Forex

Inter-bank: rupee sees fifth consecutive decline against US dollar

Currency depreciates 0.17% on Friday

Updated 27 Oct, 2023 07:41pm

Middle East

US adds sanctions on Hamas, Iran’s Revolutionary Guard members

WASHINGTON: The U.S. on Friday issued a second round of sanctions aimed at Palestinian group Hamas following its...

Published 27 Oct, 2023 05:57pm

South Asia

Indians given death penalty in Qatar accused of spying for Israel, sources say

NEW DELHI/DOHA: Eight Indian former naval officers who were handed the death penalty by a court in Qatar on Thursday...

Published 27 Oct, 2023 05:47pm

Companies

ExxonMobil profits fall on lower crude prices, touts fossil fuel deal

NEW YORK: ExxonMobil reported lower profits Friday compared with the year-ago blowout quarter as the oil giant...

Published 27 Oct, 2023 05:29pm

Stocks

Indian shares rebound 1%, but fail to prevent worst week in a month

BENGALURU: India’s blue-chips bounced back by 1% on Friday, helped by some healthy corporate results and hopes of...

Published 27 Oct, 2023 04:51pm

Stocks

Sri Lanka shares end higher as financials, consumer staples rise

CSE All-Share index settled 1.45% higher at 10,689.50

Published 27 Oct, 2023 04:47pm

Commodities

Copper climbs on China optimism, technical signals

LONDON: Copper prices clawed higher on Friday on some upbeat signs of recovery in top metals consumer China and as...

Published 27 Oct, 2023 04:44pm

Commodities

Palm oil up on higher Dalian prices, weak demand limits gains

SINGAPORE: Malaysian palm oil rose for a third consecutive session on Friday, with strength in China’s edible oil...

Published 27 Oct, 2023 04:42pm

Bullion Rate

Gold prices remain largely stable in Pakistan

Gold prices in Pakistan remained largely stable on Friday, with per tola rate at Rs211,300, after a slight decrease...

Published 27 Oct, 2023 04:23pm

Business & Finance

Russia hikes interest rates by 200 bps to 15%, above forecast

MOSCOW: Russia’s central bank raised its key interest rate by a higher than expected 200 basis points to 15% on...

Published 27 Oct, 2023 04:01pm

Energy

Ghana hit by power outages due to limited gas supply

ACCRA: Several areas of Ghana were hit by power outages due to a drop in electricity generation on Thursday after...

Published 27 Oct, 2023 03:58pm

Pakistan

Cipher case: IHC rejects Imran’s bail plea

IHC Chief Justice Aamer Farooq announces reserved verdict

Updated 27 Oct, 2023 03:55pm

Business & Finance

Electrolux to cut 3,000 jobs as sales fall

STOCKHOLM: Swedish home appliances maker Electrolux said Thursday it plans to cut some 3,000 jobs as it reported...

Published 27 Oct, 2023 03:53pm

Sports

Taskin says ‘nothing for bowlers’ at World Cup batting paradise

KOLKATA: Bangladesh spearhead Taskin Ahmed said Friday “there’s nothing much for bowlers” at the World Cup as runs...

Published 27 Oct, 2023 03:51pm

Sports

Cricket World Cup: Australia v New Zealand head-to-head record

DHARAMSALA: Australia v New Zealand ODI record ahead of their World Cup group game at the Himachal Pradesh Cricket...

Published 27 Oct, 2023 03:48pm

Sports

Cricket World Cup: Bangladesh v Netherlands head-to-head record

KOLKATA: Bangladesh v Netherlands ODI record ahead of their World Cup group game at Eden Gardens on Saturday. Match...

Published 27 Oct, 2023 03:44pm

Sports

Pakistan’s Rizwan completes 2,000 ODI runs

CHENNAI: Pakistan’s Mohammad Rizwan completed 2,000 one-day international runs in the World Cup game against South...

Published 27 Oct, 2023 03:30pm

Movies & Music

Taylor Swift helps fuel Universal Music Group’s third-quarter revenue

Cultural phenomenon Taylor Swift helped fuel revenue at Universal Music Group in the third quarter, the world’s...

Published 27 Oct, 2023 02:44pm

Forex

Sterling set for weekly declines on dollar and euro, buffeted

LONDON: Sterling was headed for weekly declines against the dollar and the euro on Friday after struggling amid a...

Published 27 Oct, 2023 02:19pm

Europe

EU broadly supports more cash for Ukraine, needs time to work out details

BRUSSELS: The European Union broadly favours a plan to support Ukraine with 50 billion euros ($53 billion) over the...

Published 27 Oct, 2023 02:13pm

Movies & Music

‘Last’ Beatles song set for release next week

LONDON: A much-anticipated “new” Beatles record, created with the help of artificial intelligence, will be released...

Published 27 Oct, 2023 01:48pm

Stocks

European shares subdued as NatWest drop outweighs energy gains

European shares edged down on Friday as a drop in shares of British lender NatWest following a downbeat forecast...

Published 27 Oct, 2023 01:34pm

Stocks

FTSE 100 slips as traders assess NatWest’s gloomy forecast

The UK’s FTSE 100 slipped on Friday as NatWest Group’s annual profit downgrade weighed on the banking index,...

Published 27 Oct, 2023 01:32pm

Sports

Australia’s Cummins keen to carry ‘aggressive’ World Cup approach against New Zealand

Australia want to carry their more aggressive battling and bowling from recent games into the clash with old rivals...

Published 27 Oct, 2023 01:28pm

Europe

Russia says foiled Ukraine drone attack on nuclear plant

MOSCOW: Moscow said Friday that it intercepted a Ukrainian drone attack targeting a nuclear power plant in a Russian...

Published 27 Oct, 2023 01:23pm

Stocks

Hong Kong stocks begin with gains

HONG KONG: Hong Kong stocks edged up in the opening minutes of Friday following data indicating the US jobs market...

Published 27 Oct, 2023 12:25pm

Sports

Buttler’s men latest England team to struggle with World Cup defence

MUMBAI: Australians have long insisted a key problem for English sports teams is not losing but the fall-out from...

Published 27 Oct, 2023 12:23pm

Sports

Miami’s Messi named finalist for MLS Newcomer of the Year

NEW YORK: Lionel Messi was among three finalists named on Thursday for Major League Soccer’s Newcomer of the Year...

Published 27 Oct, 2023 12:17pm

Sports

Martin shines in opening practice at Thailand MotoGP

BURIRAM: Jorge Martin blitzed the field in Friday’s opening free practice for the Thailand MotoGP, with championship...

Published 27 Oct, 2023 12:11pm

Middle East

Israel ‘ground forces’ conduct night raid in Gaza: army

OCCUPIED JERUSALEM: The Israeli army said Friday its ground forces backed by fighter jets and drones carried out a...

Published 27 Oct, 2023 12:08pm

Stocks

Tokyo stocks end higher

TOKYO: Tokyo stocks ended higher on Friday, shrugging off falls on Wall Street as investors shifted focus to...

Updated 27 Oct, 2023 11:59am

Stocks

Asian shares track US futures higher, bonds hold gains

SYDNEY: Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief,...

Published 27 Oct, 2023 11:55am

Commodities

Corn set for biggest weekly drop in 2-1/2 months on US harvest pressure

SINGAPORE: Chicago corn was largely flat on Friday and set for its biggest weekly decline since early August, with...

Published 27 Oct, 2023 11:52am

Commodities

Palm oil declines amid strong soybean harvest, ringgit gains

SINGAPORE: Malaysian palm oil futures fell on Friday after two consecutive sessions of gains, weighed down by a...

Published 27 Oct, 2023 11:45am

Bullion Rate

Gold prices set for third weekly gain as Middle East war looms

Gold prices were poised for a third consecutive weekly gain on Friday as the Middle East conflict kept investors...

Published 27 Oct, 2023 11:41am

Sports

Liverpool boss Klopp not concerned by Nunez’s finishing

Liverpool manager Juergen Klopp said he is relaxed about Darwin Nunez’s finishing after the Uruguayan striker missed...

Published 27 Oct, 2023 11:38am

Business & Finance

Caixabank’s Q3 net profit rises 70% on higher lending income

MADRID: Spain’s Caixabank said on Friday its net profit rose 70% in the third quarter from the same period in 2022...

Updated 27 Oct, 2023 11:35am

Gas tariff hike won’t affect 57pc consumers: govt

Minister for Energy Muhammad Ali says increase in gas tariffs will help control and end the ever-increasing circular debt of petroleum sector

Updated 27 Oct, 2023 11:30am

Forex

South Korean won leads gains among Asian FX amid easing inflation signs

The South Korean won led gains among emerging Asian currencies on Friday, with stocks mixed, as US bonds were able...

Published 27 Oct, 2023 11:22am

USA

China’s Wang tells Blinken ‘in-depth’ dialogue can steady ties

WASHINGTON/BEIJING: The United States and China have disagreements and need “in-depth” and “comprehensive” dialogue...

Updated 27 Oct, 2023 11:17am

Forex

Indian rupee little changed as importer dollar demand blunts strength in Asian peers

MUMBAI: The Indian rupee was little changed on Friday, bucking the strength among most Asian peers, as persistent US...

Published 27 Oct, 2023 11:16am

Opinion

Nawaz’s 9-point agenda

Pakistan Muslim League-Nawaz (PML-N) supreme leader, three times elected and convicted former prime minister of...

Updated 27 Oct, 2023 11:14am

Mutual Funds

JGB yields retreat from recent multi-year highs as US peers slide

TOKYO: The 10-year Japanese government bond (JGB) yield retreated on Friday, leading a fall across maturities as JGB...

Published 27 Oct, 2023 11:14am

South Asia

India unlikely to join global cooling pledge at COP28

NEW DELHI/LONDON: India is unlikely to sign onto a global pledge to reduce cooling-related emissions at the COP 28...

Published 27 Oct, 2023 11:11am

Asia

Malaysia names Sultan Ibrahim as next king

KUALA LUMPUR: Malaysia’s royal families elected the powerful and outspoken Sultan Ibrahim Sultan Iskandar from the...

Published 27 Oct, 2023 11:05am

Europe

Sanofi: considering consumer unit listing from late next year

French drugmaker Sanofi said on Friday it was looking into the separate listing of its Consumer Healthcare business...

Published 27 Oct, 2023 10:57am

Middle East

US fighter jets strike Syria after attacks by Iran-backed militia

Two US fighter jets struck weapons and ammunition facilities in Syria on Friday in retaliation for attacks on US...

Published 27 Oct, 2023 10:53am

Middle East

Israeli poll finds 49% support for holding off on Gaza invasion

OCCUPIED JERUSALEM: Almost half of Israelis want to hold off on any invasion of Gaza, according to a poll published...

Published 27 Oct, 2023 10:41am

World

Hurricane Otis kills at least 27, hammers Acapulco as damage seen in billions

ACAPULCO: Hurricane Otis claimed the lives of at least 27 people, Mexico’s government said on Thursday after one of...

Published 27 Oct, 2023 10:21am

Perspectives

October 27: Kashmir’s bleakest day

October 27, 1947 is etched in the mind of every Kashmiri as on this black day, reportedly, Maharaja Hari Singh, the...

Published 27 Oct, 2023 10:20am

Asia

China ex-Premier Li Keqiang, sidelined by Xi Jinping, dies at 68

BEIJING: China’s former Premier Li Keqiang died of a heart attack on Friday, aged 68, just 10 months after retiring...

Published 27 Oct, 2023 10:17am

Stocks

Australian shares inch higher on boost from financials, consumer stocks

Australian shares edged higher on Friday from a one-year low hit in the previous session, with the financial and...

Published 27 Oct, 2023 10:08am

Real Estate

Evergrande held talks with creditors this week: Bloomberg News

China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News...

Published 27 Oct, 2023 10:06am

Business & Finance

Turkiye central bank unveils steps simplifying macroprudential framework

ISTANBUL: The Turkiye Central Bank said on Friday it was taking fresh steps to simplify the macroprudential...

Published 27 Oct, 2023 10:05am

Stocks

China stocks rise amid signs of recovery, support measures

SHANGHAI: Chinese stocks rose on Friday and were on track for a fourth session of advance, after data showed profits...

Published 27 Oct, 2023 10:01am

Mutual Funds

Demand at India bond sale to provide direction to yields

MUMBAI: Indian government bond yields were marginally lower on Friday tracking US peers, while market participants...

Published 27 Oct, 2023 10:00am

Stocks

Indian stocks rise after US inflation data breather

BENGALURU: India’s blue-chip stocks rose on Friday after logging losses for the past six sessions, after US treasury...

Published 27 Oct, 2023 09:53am

Forex

China’s yuan holds steady while waiting for signs of economy bottoming

SHANGHAI: China’s yuan held steady on Friday while its offshore counterpart managed light gains against a robust US...

Published 27 Oct, 2023 09:51am

Forex

Dollar eyes weekly gain as US economy stays robust

SINGAPORE: The dollar was headed for a weekly gain on Friday, aided by solid US growth figures that bolstered the...

Published 27 Oct, 2023 09:49am

Energy

Oil rises more than $1 on fears of spread of Middle East conflict

SINGAPORE: Oil prices rose by over $1 on Friday as reports that the U.S military struck Iranian targets in Syria...

Published 27 Oct, 2023 09:46am

Business & Finance

Solar power PV project: Pakistan organises roadshow in Dubai

ISLAMABAD: Pakistan has organized a roadshow in Dubai to attract investors for 600 MWp solar power PV project at Kot...

Updated 27 Oct, 2023 09:41am

Senate panel told: PSM sell-off halted after 3 Chinese cos withdrew EoIs

ISLAMABAD: A parliamentary panel was informed on Thursday that the privatisation of Pakistan Steel Mills (PSM) was...

Updated 27 Oct, 2023 09:27am

KP govt approves another 4-month budget estimate

PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa approved another budget estimate of Rs529 billion for the...

Updated 27 Oct, 2023 09:26am

Elections to be held in last week of Jan, insists ECP

ISLAMABAD: Despite its failure, so far, in announcing a date for the general elections, the Election Commission of...

Updated 27 Oct, 2023 09:25am

Conversion of PKR into USD: PPIB conveys its reservations regarding IPPs to SBP

ISLAMABAD: The Private Power & Infrastructure Board (PPIB) has conveyed its reservations with respect to power...

Updated 27 Oct, 2023 09:24am

FO assails US action against 3 China-based entities

ISLAMABAD: The Foreign Office on Thursday termed the US administration’s move to designate three Chinese entities on...

Updated 27 Oct, 2023 08:52am

Pakistan

US envoy meets PM

ISLAMABAD: United States Ambassador to Pakistan Donald Blome on Thursday held a meeting with Caretaker Prime...

Updated 27 Oct, 2023 08:52am

National Security Workshop–25: COAS for sensitising youth against hostile propaganda

ISLAMABAD: Chief of Army Staff General Syed Asim Munir on Thursday asked intelligentsia and civil society to ensure...

Updated 27 Oct, 2023 08:51am

CJP summons SJC to deal with complaints against judges today

ISLAMABAD: Chief Justice of Pakistan Qazi Faez Isa has summoned a Supreme Judicial Council (SJC) meeting to discuss...

Updated 27 Oct, 2023 08:50am

IMF staff-level talks to start from Nov 2

ISLAMABAD: Ministry of Finance (MoF) has finalised its directions on negotiations related to the on-going IMF...

Updated 27 Oct, 2023 08:48am

BR’s refresher: your morning briefing for the day

Important updates from October 26, 2023

Published 27 Oct, 2023 08:45am

BR Research

Agha Steel Industries Limited

The company was incorporated as a private limited company in 2013 and then converted into a public listed company is...

Published 27 Oct, 2023 08:13am

BR Research

MPS: Wait and see

The monetary policy is going to be announced coming Monday (30th October 2023). The rational choice of analysts is...

Published 27 Oct, 2023 08:09am

BR Research

MARI – earnings soar in 1QFY24

The oil and gas exploration and production sector has seen some respite in production volumes in the ongoing fiscal...

Published 27 Oct, 2023 08:07am

Energy

Oil falls on easing ME fears

HOUSTON: Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same ...

Updated 27 Oct, 2023 06:17am

World

UN steps up appeal for fuel in Gaza as humanitarian crisis deepens

GAZA: The UN agency providing aid to Palestinian civilians in besieged Gaza warned it may have to shut down...

Updated 27 Oct, 2023 06:16am

Opinion

Developing countries and the challenge of fiscal space

Developing countries, in general, are faced with a serious lack of fiscal space to make needed investments to reach ...

Updated 27 Oct, 2023 05:58am

Supplements

20th Annual Excellence Awards: Message from Muhammad Ali Minister for Energy, Power & Petroleum

TEXT: Congratulations to CFA Society Pakistan on successfully hosting the 20th Annual Excellence Awards. These ...