News Archives for Latest - 2023-10-30

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Archive - 2023-10-30

Middle East

Hamas releases new hostage video, Netanyahu denounces ‘cruel propaganda’

JERUSALEM: Israeli Prime Minister Benjamin Netanyahu condemned as “cruel psychological propaganda” a video released...

Updated 30 Oct, 2023 11:06pm

World

Israel attacks north Gaza’s main city from both sides

On Monday, residents said Israeli forces carried out dozens of air strikes on the city's eastern side, with some reporting the roar of tanks rolling in amid exchanges of fire

Updated 30 Oct, 2023 10:57pm

Forex

Open-market: rupee sustains losses against US dollar

The Pakistani rupee sustained losses against the US dollar in the open market on Monday, while the local currency...

Updated 30 Oct, 2023 10:50pm

World

Netanyahu says Israel making 'systematic progress' in Gaza war

JERUSALEM: Prime Minister Benjamin Netanyahu told his war cabinet on Monday that Israel is making "systematic...

Published 30 Oct, 2023 10:49pm

Stocks

KSE-100 gains over 1% ahead of monetary policy announcement

The Pakistan Stock Exchange (PSX) witnessed a buying frenzy on Monday, as its benchmark KSE-100 Index soared by over...

Updated 30 Oct, 2023 10:45pm

Companies

Air Link, Xiaomi partner for production of Xiaomi Smart TVs

Will be manufactured at Air Link's facility in Lahore

Updated 30 Oct, 2023 10:40pm

World

UN warns of Syria danger and Israel-Hamas 'spillover'

UNITED NATIONS: The United Nations on Monday warned that Syria was at its "most dangerous" point in a long time as...

Published 30 Oct, 2023 10:40pm

Sports

Chief Selector Inzamam ul Haq resigns after ‘clash of interest’ allegations

Pakistan cricket team’s Chief Selector Inzamam ul Haq on Monday resigned from his post after facing “clash of...

Updated 30 Oct, 2023 10:36pm

Cricket

Afghanistan beat Sri Lanka to boost World Cup semi-final bid

PUNE: Afghanistan defeated Sri Lanka by seven wickets in Pune on Monday to record their third win of the World Cup...

Updated 30 Oct, 2023 10:33pm

Pakistan

Section 7E: Sindh High Court grants stay for TY2023 subject to 50% payment

The Sindh High Court (SHC) has issued a stayorder against Section 7E (tax on deemed income basis) of the Income Tax...

Updated 30 Oct, 2023 10:29pm

Companies

Lotte Chemical extends plant shutdown as lower demand persists

Citing lower demand, Lotte Chemical Pakistan Limited (LOTCHEM) announced it will extend the shutdown of its plant...

Updated 30 Oct, 2023 10:18pm

Energy

Oil falls over 3% as concerns about Mideast supply ease

HOUSTON: Oil slipped more than 3% on Monday with U.S. crude oil futures falling more than $3 a barrel as fears eased...

Updated 30 Oct, 2023 09:03pm

Forex

Inter-bank: rupee sustains sixth successive loss against US dollar

Currency depreciates 0.14% on Monday

Updated 30 Oct, 2023 07:57pm

Money & Banking

SBP keeps key policy rate unchanged at 22%

In line with the wider market consensus, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP)...

Updated 30 Oct, 2023 07:53pm

Stocks

Most Gulf markets end higher ahead of US Fed rate meeting

Most stock markets in the Gulf closed higher on Monday as investors were focused on the outlook for interest rates...

Published 30 Oct, 2023 07:10pm

Cricket

Shakib says ‘talk is cheap’ as Bangladesh’s World Cup falls apart

KOLKATA: Bangladesh skipper Shakib Al Hasan warned his players that “talk is cheap” and demanded they put words into...

Published 30 Oct, 2023 07:02pm

Cricket

Pakistan coach rues lack of swing in India

KOLKATA: Lack of swing in India has taken much sting out of the Pakistan pace attack in the 50-overs World Cup, head...

Published 30 Oct, 2023 06:56pm

Technology

Meta introduces ad-free plans for Instagram, Facebook in Europe

Meta Platforms said on Monday it will offer users in Europe a subscription plan to use Facebook and Instagram...

Published 30 Oct, 2023 06:45pm

Stocks

Wall St eyes higher open as investors await Fed rate verdict, more earnings

Wall Street was poised for a higher open on Monday ahead of a busy week of earnings and interest rate decisions from...

Published 30 Oct, 2023 06:40pm

Pakistan

Army officers, judges ‘fully liable’ under NAB laws: SC judge

In a note, Justice Mansoor Ali Shah says Imran’s petition challenging scrapped amendments made to the National Accountability Ordinance 1999 was meritless

Updated 30 Oct, 2023 06:34pm

Cricket

Pakistan players not affected by ‘no pay for five months’ claim

KOLKATA: Pakistan coach Grant Bradburn on Monday shrugged off claims his players haven’t been paid for five months,...

Updated 30 Oct, 2023 05:55pm

Energy

UAE’s Jaber urges countries to find common ground on fossil fuels

DUBAI: The United Arab Emirates President of COP28 on Monday urged countries to seek “common ground” to resolve...

Published 30 Oct, 2023 05:38pm

Pakistan

Decision to expel illegal immigrants in keeping with Pakistan’s domestic laws: FO

Foreign Office spokesperson Mumtaz Zahra Baloch says Pakistan takes its commitments towards protection and safety needs of those in vulnerable situations with utmost seriousness

Updated 30 Oct, 2023 05:15pm

Money & Banking

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a...

Updated 30 Oct, 2023 05:11pm

Companies

Lucky Cement to invest Rs4bn in Lucky Core Ventures and National Resources Limited

Board also approves construction of 6 MW solar power project at its Pezu plant in KP

Updated 30 Oct, 2023 05:11pm

Energy

World Bank sees oil lower in 2024, but wider Middle East war could spike them

WASHINGTON: The World Bank said on Monday it expected global oil prices to average $90 a barrel in the fourth...

Published 30 Oct, 2023 04:56pm

Stocks

Earnings-led boost lifts India’s blue-chips higher

BENGALURU: India’s blue-chip indexes recovered from a lackluster start to end Monday with gains, helped by a...

Published 30 Oct, 2023 04:42pm

Stocks

Sri Lanka shares end lower dragged by financials, industrials

CSE All-Share index settled 0.01% lower at 10,687.99

Published 30 Oct, 2023 04:38pm

Commodities

China optimism helps copper scale four-week high

Copper prices climbed to four-week highs on Monday due to signs of steadying growth in top consumer China, declining...

Published 30 Oct, 2023 04:36pm

Commodities

Palm oil closes lower on strong ringgit, supply-demand data in focus

JAKARTA: Malaysian palm oil futures closed down on Monday, snapping two sessions of gains as a stronger ringgit...

Published 30 Oct, 2023 04:31pm

Movies & Music

Hollywood strikes to dampen Big Media’s holiday expectations

Big media firms are expected to warn starting this week that studio revenues will slow in the coming quarters as...

Published 30 Oct, 2023 04:03pm

Middle East

Israel tanks enter Gaza City fringes as army ramps up assault

Israel's self-declared 'second phase' of a three-week war has been largely kept from public view, with forces moving under darkness and a telecommunications blackout cutting off Palestinians

Updated 30 Oct, 2023 04:02pm

Bullion Rate

Gold drops Rs1,200 per tola in Pakistan

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

Published 30 Oct, 2023 03:45pm

Perspectives

AI took centrestage at GITEX GLOBAL in Dubai, but how did Pakistan fare?

Dubai saw the biggest technology and startup shows go together simultaneously earlier this month, and the massive...

Published 30 Oct, 2023 03:27pm

Europe

Britain working for humanitarian pause in Gaza, foreign minister says

ABU DHABI: Britain is trying to arrange a temporary cessation of hostilities in the Gaza Strip so that more...

Published 30 Oct, 2023 03:27pm

Sports

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

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

Published 30 Oct, 2023 02:40pm

Movies & Music

Tributes pour after ‘Friends’ actor Matthew Perry’s shock death

LOS ANGELES: Shock over the sudden death of ‘Friends’ star Matthew Perry rippled through Hollywood and beyond...

Updated 30 Oct, 2023 02:35pm

Sports

Three things England need to fix in ODI cricket

MUMBAI: England’s crushing 100-run defeat by India in Lucknow on Sunday condemned the World Cup holders to a fifth...

Published 30 Oct, 2023 02:33pm

Middle East

Four killed in Israeli raid on West Bank’s Jenin: ministry

RAMALLAH: Four Palestinians were killed Monday during an early-morning Israeli raid in the northern occupied West...

Published 30 Oct, 2023 02:30pm

Stocks

UniCredit kicks off new 2.5bn euro share buyback

MILAN: UniCredit on Monday kicked off a new share buyback for up to 2.5 billion euros ($2.6 billion) and said it had...

Published 30 Oct, 2023 01:48pm

Europe

Two wounded, shipyard buildings damaged in Russian missile attack on Odesa

KYIV: The governor of Ukraine’s southern Odesa region said two people were wounded and buildings damaged in a...

Published 30 Oct, 2023 01:43pm

Stocks

London stocks kick start week higher; Ascential jumps

The UK’s FTSE 100 inched higher on Monday supported by gains in mining stocks, while information and analytics firm...

Published 30 Oct, 2023 01:33pm

Stocks

European markets climb at open

LONDON: European stock markets advanced at the open on Monday after a mixed session in Asia. In initial deals,...

Published 30 Oct, 2023 01:30pm

Forex

Kenya shilling holds steady, seen easing on higher importer FX demand

NAIROBI: Kenya’s shilling held steady on Monday but it was expected to lose ground to increased demand for dollars...

Published 30 Oct, 2023 01:28pm

Forex

Russian rouble ticks up after central bank rate hike

The Russian rouble opened up slightly on Monday, helped by the central bank’s key rate hike to 15% on Friday and the...

Published 30 Oct, 2023 01:26pm

Bullion Rate

Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus

Gold prices held above the key $2,000 level on Monday, buoyed by safe-haven demand from an escalating Middle East...

Updated 30 Oct, 2023 01:12pm

Forex

South Africa’s rand starts week firm with focus on mid-term budget

JOHANNESBURG: The South African rand rose in early trade on Monday, the start of a data-heavy week that includes the...

Published 30 Oct, 2023 01:08pm

Financial

JPMorgan strategists advise opening a short in European banks, upgrade healthcare

LONDON: Strategists at JPMorgan have advised opening a ‘short’ position in European banks, and moved the sector from...

Published 30 Oct, 2023 01:01pm

Stocks

Hong Kong stocks sink at open

HONG KONG: Hong Kong stocks opened lower Monday following a weak lead from Wall Street, while traders kept a worried...

Published 30 Oct, 2023 12:58pm

South Asia

India vows to free its ex-navy personnel on Qatar death row

NEW DELHI: India’s foreign minister on Monday said the country would “make all efforts” to secure the release of...

Published 30 Oct, 2023 12:53pm

Sports

Maidans still the nursery of Mumbai cricket

MUMBAI: It is not yet 7:00 am and the sun has still to rise above a hazy Mumbai sky. But there is already a steady...

Published 30 Oct, 2023 12:34pm

World

As Otis toll climbs, Mexicans criticize government response

ACAPULCO: Acapulco was struggling Sunday to recover from the extraordinarily powerful Hurricane Otis, which claimed...

Published 30 Oct, 2023 12:25pm

Middle East

Israel says hit military infrastructure in Syria

TEL AVIV: Israel’s army said Monday it had carried out strikes on military infrastructure inside Syria as fears grow...

Published 30 Oct, 2023 12:18pm

Stocks

Tokyo shares fall ahead of central bank meetings

TOKYO: Tokyo stocks dropped Monday as investors sat on their hands ahead of central bank meetings in Japan and the...

Updated 30 Oct, 2023 12:13pm

Pakistan

Economic challenges highlighted

ISLAMABAD: The two-day EconFest event concluded here on Sunday where experts and politicians discussed innovative...

Updated 30 Oct, 2023 11:53am

Forex

India rupee likely to struggle despite relief for Asian peers

MUMBAI: The Indian rupee may open marginally weaker on Monday, unable to take advantage of the recovery on Asian...

Published 30 Oct, 2023 11:52am

Commodities

Palm oil opens higher on rival oil strength

JAKARTA: Malaysian palm oil futures opened higher on Monday, following two consecutive sessions of gains,...

Published 30 Oct, 2023 11:49am

Movies & Music

What to watch this November: ‘Dubai Bling’, ‘Napoleon’, ‘The Crown’

As we head towards the end of the year, there is a slew of fresh programming coming to the big screen and other...

Published 30 Oct, 2023 11:49am

USA

Two dead, 16 hurt in shooting among Florida Halloween revelers; one man arrested

Police in Tampa, Florida, have arrested a man suspected of killing two people in gun violence that sparked chaos on...

Published 30 Oct, 2023 11:47am

Forex

Bank of Punjab considers wholly-owned Exchange Company

The Bank of Punjab announced on Monday that its board was proposed the establishment of a wholly-owned Exchange...

Published 30 Oct, 2023 11:46am

Commodities

Dalian iron ore extends rally on solid demand, stimulus-led optimism

BEIJING: Iron ore extended its climb on Monday, with the most active Dalian futures nearing the key level of 900...

Published 30 Oct, 2023 11:44am

Sports

Liverpool fought for Diaz, Klopp says, after Colombian’s father kidnapped

Liverpool were “fighting for Luis Diaz” in their 3-0 win over Nottingham Forest in the Premier League at home on...

Published 30 Oct, 2023 11:38am

Forex

China’s yuan eases, market awaits financial policy conference

SHANGHAI/SINGAPORE: China’s yuan eased slightly against a strengthening dollar on Monday, though moves were limited...

Published 30 Oct, 2023 11:32am

Companies

Toyota September production jumps on stronger Japan output

TOKYO: Toyota Motor said on Monday that worldwide production rose 1.5% in September from the same period a year...

Published 30 Oct, 2023 11:30am

Mutual Funds

India bond yields flattish as traders eye cues on RBI debt sales

MUMBAI: Indian government bond yields were largely unchanged at the start of the week, as traders remained curious...

Published 30 Oct, 2023 11:27am

Stocks

China stocks rise on support signs; HK dips on Mideast conflict

SHANGHAI: Chinese stocks rose on Monday, helped by fresh signs of government-orchestrated support measures, while...

Published 30 Oct, 2023 11:24am

Financial

HSBC profit misses estimates on costs, to buy back $3bn of shares

HONG KONG/LONDON: HSBC Holdings reported on Monday a 240% increase in third-quarter pre-tax profit as higher...

Published 30 Oct, 2023 11:21am

Europe

Sixty people detained after unrest at Russia’s Dagestan airport

MOSCOW: Sixty people were detained after hundreds of anti-Israel protesters stormed an airport in Russia’s...

Published 30 Oct, 2023 11:15am

Forex

Asian FX firm; stocks mixed ahead of Fed policy meeting

The Malaysian ringgit led modest gains in Asian currencies on Monday, while stocks were broadly mixed in cautious...

Published 30 Oct, 2023 11:07am

Business & Finance

Vietnam’s 2023 garments and textile exports likely to drop 5.0%-6.3%

HANOI: Vietnam’s textile and garment exports are expected to fall 5.0%- to 6.3% to between $40.5 billion and $41...

Published 30 Oct, 2023 11:05am

Commodities

Soybeans rise to 6-week high amid strong demand for US soymeal

CANBERRA: Chicago soybean futures rose to their highest in six weeks on Monday, as speculators bet on higher prices...

Published 30 Oct, 2023 11:02am

Europe

Turkish fund denies supporting Hamas after US sanctions move

ISTANBUL: Turkish real estate investment fund Trend GYO responded to the US imposition of sanctions on three of its...

Published 30 Oct, 2023 11:00am

Mutual Funds

JGB yields rise to fresh 10-year peaks ahead of BOJ policy decision

TOKYO: Japanese government bond (JGB) yields climbed to fresh peaks on Monday, as investors reacted to a rise in US...

Published 30 Oct, 2023 10:41am

Europe

Russia’s Shoigu accuses West of seeking to expand Ukraine war to Asia-Pacific

BEIJING: Russian Defence Minister Sergei Shoigu said the West wants to expand the conflict in the Ukraine to the...

Published 30 Oct, 2023 10:37am

Asia

US, South Korean warplanes kick off joint air drills

SEOUL: The United States and South Korea began major air exercises on Monday, involving 130 warplanes from both...

Published 30 Oct, 2023 10:32am

South Asia

Death toll in India train crash rises to 13

BHUBANESWAR: The death toll from a train crash in India has risen to 13, with 39 injured, an official said on...

Published 30 Oct, 2023 10:29am

Sports

Sabalenka, Pegula off to winning starts in WTA Finals

World number one Aryna Sabalenka powered past Maria Sakkari 6-0 6-1 at the season-ending WTA Finals in Cancun,...

Published 30 Oct, 2023 10:24am

Stocks

Asia stocks mull over Middle East, central bank meetings

SYDNEY: Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead...

Published 30 Oct, 2023 10:19am

Real Estate

China Evergrande granted final reprieve as winding-up hearing adjourned

HONG KONG: A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 4, with a Hong Kong High...

Published 30 Oct, 2023 10:15am

Forex

Australia dollar gains on stronger retail data, risk sentiment still fragile

SYDNEY: The Australian dollar rose on Monday as a stronger-than-expected retail sales report added to the case of...

Published 30 Oct, 2023 10:09am

Remittance inflows likely to recover

Experts say that improvement inflows likely as PKR marked a significant comeback against US dollar in interbank and open market in last few weeks

Updated 30 Oct, 2023 10:05am

Stocks

Australian shares fall as energy, financial stocks weigh

Australian shares fell on Monday weighed down by the losses in energy and heavyweight financial stocks, after data...

Published 30 Oct, 2023 10:04am

Stocks

Indian shares set to open marginally higher

BENGALURU: India’s blue-chips were set to open marginally higher on Monday after logging their worst week in over a...

Published 30 Oct, 2023 09:59am

Forex

Dollar holds near 150 yen as central bank policy, data deluge awaited

SINGAPORE: The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a...

Published 30 Oct, 2023 09:56am

Taxes

Restructuring of PRAL under way

ISLAMABAD: The Federal Board of Revenue (FBR) has started a major reform of “digital tax transformation” in the FBR...

Updated 30 Oct, 2023 09:48am

Israel steps up ground operation in Gaza

OCCUPIED JERUSALEM/GAZA: Israel signalled intent to encircle Gaza’s main city on Sunday, publishing pictures of...

Updated 30 Oct, 2023 09:47am

Nov 23 to March 24: PPRA grants SLL exemption on LPG purchases

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has granted exemption to SSGC-LPG (Pvt.) Limited (SLL)...

Updated 30 Oct, 2023 09:46am

Pakistan

Sibi-Harnai train service restored after 18 years

QUETTA: Pakistan Railways has restored the Sibi-Harnai railway service for traffic after 18 years. Caretaker Chief...

Updated 30 Oct, 2023 09:09am

Irregularities in Guddu thermal power station: NAB seeks details of GHCL CEO, others

ISLAMABAD: National Accountability Bureau (NAB) has reportedly started probe against officials, retired or in...

Updated 30 Oct, 2023 09:09am

Bomb kills two, hurts dozens at Kerala Christian convention

THIRUVANANTHAPURAM, (India): A suspected bomb blast during a Christian prayer meeting in India’s southern state of...

Updated 30 Oct, 2023 09:08am

Incorrect tax liability: FTO summons FBR officials

ISLAMABAD: The Federal Tax Ombudsman (FTO) has summoned Federal Board of Revenue (FBR) members IR-Policy and...

Updated 30 Oct, 2023 08:52am

Interest Rates

Fed may pause again with rates at 22-year high

WASHINGTON: The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as...

Updated 30 Oct, 2023 08:50am

Punjab to approve 4-month budget today

LAHORE: In order to give approval to the budget of the coming four months for the Punjab province, Caretaker Chief...

Updated 30 Oct, 2023 08:50am

Trump pledges to reimpose Muslim ‘travel ban’

LAS VEGAS: Donald Trump used a speech to a Republican Jewish convention Saturday to promise reimposition of a...

Updated 30 Oct, 2023 08:50am

BR’s refresher: your morning briefing for the day

Important updates from October 28 and October 29, 2023

Published 30 Oct, 2023 08:41am

BR Research

MCB: Low deposit cost drives profit

The banking sector profitability galore continued as MCB Bank Limited (MCB) announced 9MCY23 financial results –...

Published 30 Oct, 2023 06:33am

BR Research

Rice exports: nothing to write home about?

Despite forecasts of record performance during the ongoing fiscal year 2023-24, rice exports in the Q1 Jul – Sep...

Published 30 Oct, 2023 06:30am

BR Research

Interview with Muntaqa Peracha, CEO — foodpanda

‘Online food ordering has transformed as people value efficiency and convenience’ Muntaqa Peracha is the Chief...

Published 30 Oct, 2023 06:25am

Commodities

Price of chicken fixed

KARACHI: Karachi commissioner has issued a notification on the pricing of chicken in the city. The price of chicken...

Updated 30 Oct, 2023 06:22am

Opinion

Net zero and Pakistan’s energy system: no more business as usual

Net Zero is an international agreement for climate action that aims to achieve a balanced state of greenhouse gases...

Updated 30 Oct, 2023 06:07am

Opinion

No more gas circular debt buildup?

Gas price rationalization is a big reform undertaken by the caretaker government in view of the fact that in the ...

Updated 30 Oct, 2023 06:01am

Opinion

Reliance on foreign loans

Economic Affairs Division in its foreign economic assistance (FEA) data disclosed a 58 percent rise in foreign loan...

Updated 30 Oct, 2023 05:51am

Editorials

Modi politics and the Pulwama attack

EDITORIAL: Pakistan has maintained all along that February 2019 deadly bombing on an Indian security forces convoy...

Updated 30 Oct, 2023 05:47am

Pakistan

The Weather

KARACHI: The weather report on Sunday (October 29, 2023) and the forecast for Monday (October 30, 2023)....