News Archives for Latest - 2023-10-31

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Europe

Hamas hostage relatives call for international help in Paris

PARIS: Relatives of those held hostage by Hamas on Tuesday called on French authorities and the international...

Published 31 Oct, 2023 11:48pm

Europe

Two French children have died in Gaza, France says

PARIS: Two French children have died in the north of the Gaza strip, France's foreign ministry said on Tuesday,...

Published 31 Oct, 2023 11:43pm

Pakistan

PM Kakar says CPEC offers 'century's opportunity' for economic growth

Caretaker premier says Belt and Road Initiative has helped Pakistan witness significant development in a variety of sectors

Updated 31 Oct, 2023 10:51pm

Middle East

Israel says it attacked Hamas inside Gaza tunnels

Netanyahu on Monday evening ignored call from 120 countries for a sustained humanitarian truce

Updated 31 Oct, 2023 10:50pm

Energy

Gas tariff hike to address Pakistan’s economic woes: energy minister

Says Sui companies would have sustained losses to the tune of over Rs400 billion if gas prices were not raised

Updated 31 Oct, 2023 10:48pm

Europe

EU's Borrell condemns West Bank attacks by Israeli settlers

BRUSSELS: The EU's top diplomat Josep Borrell on Tuesday renewed calls for a pause in the Israel-Hamas conflict and...

Published 31 Oct, 2023 10:48pm

World

Hamas says it will free foreign hostages 'in the next few days'

GAZA STRIP: Hamas's armed wing said Tuesday it would release in the coming days some of the foreign hostages in its...

Published 31 Oct, 2023 10:43pm

Stocks

KSE-100 ends 437 points higher, but shy of 52,000

During intra-day trading, benchmark index had briefly crossed 52,000 level for the first time in over six years

Updated 31 Oct, 2023 10:41pm

Business & Economy

Ministry of Finance projects inflation at 27%-29% for October

Consumer Price Index (CPI)-based inflation in Pakistan for October has been projected at 27%-29%, the finance...

Updated 31 Oct, 2023 10:40pm

Europe

US says Putin seeking to 'take advantage' of Israel-Hamas war

WASHINGTON: The United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war...

Published 31 Oct, 2023 10:38pm

Energy

Saudi Arabia’s WAFI Energy eyes acquisition of Shell Pakistan Limited

WAFI Energy LLC is a fast-growing retail gas station network and sole licensee of Shell Retail Network in Saudi Arabia

Updated 31 Oct, 2023 10:34pm

World

UN chief 'deeply alarmed' by escalation of Israel-Hamas conflict

UNITED NATIONS: The United Nations chief said Tuesday he was "deeply alarmed by the intensification of the conflict...

Published 31 Oct, 2023 10:33pm

Football

Saudi Arabia only bidder for 2034 World Cup

LAUSANNE: Saudi Arabia is in line to host the 2034 World Cup after FIFA announced on Tuesday that the kingdom was ...

Published 31 Oct, 2023 10:29pm

Energy

Thermal asset portfolio: Engro eyes equity partnership with Liberty Power Tech

Engro Corporation Limited, one of Pakistan’s largest conglomerates, is looking to form a “strategic equity...

Updated 31 Oct, 2023 10:23pm

Energy

Oil edges higher as further ECB rate hikes unlikely

HOUSTON: Oil prices edged higher on Tuesday as a drop in euro zone inflation buoyed hopes that the European Central...

Updated 31 Oct, 2023 09:50pm

Cricket

Pakistan down Bangladesh to stay alive at World Cup

Chase down 205-run target with almost 18 overs to spare

Updated 31 Oct, 2023 09:36pm

Cricket

World Cup not over for Pakistan, says skipper Babar Azam

KOLKATA: Pakistan captain Babar Azam said Tuesday that he still clings onto hope that his team can squeeze into the...

Published 31 Oct, 2023 09:33pm

Middle East

At least 50 killed in Israeli airstrike on Gaza’s Jabalia refugee camp: health ministry

GAZA STRIP: The health ministry in the Hamas-run Gaza Strip said at least 50 people were killed Tuesday in Israeli...

Published 31 Oct, 2023 08:47pm

South Asia

India opposition accuses govt of trying to hack lawmakers’ iPhones

NEW DELHI: Indian opposition leader Rahul Gandhi on Tuesday accused Prime Minister Narendra Modi’s government of...

Published 31 Oct, 2023 08:00pm

Money & Banking

US Fed poised to keep rates unchanged as it opens key meeting

WASHINGTON: The US central bank opened a key policy meeting Tuesday, with officials widely expected to hold interest...

Published 31 Oct, 2023 07:50pm

Forex

Open-market: rupee weakens further against US dollar

The Pakistani rupee registered a further loss against the US dollar in the open market on Tuesday, while the local...

Updated 31 Oct, 2023 07:34pm

Sports

Saudi Arabia clear to host 2034 World Cup after Australia drops out

MELBOURNE: Saudi Arabia was left as a shoo-in to host the 2034 World Cup after Australia confirmed it would not make...

Published 31 Oct, 2023 07:10pm

Sports

Ronaldo convinced me to move to Al-Nassr, says Telles

A chat with Cristiano Ronaldo helped convince Brazilian full back Alex Telles to leave Manchester United and join up...

Published 31 Oct, 2023 07:03pm

Forex

Inter-bank: rupee records seventh straight decline against US dollar

Currency depreciates 0.18% on Tuesday

Updated 31 Oct, 2023 07:02pm

Stocks

Most Gulf markets gain on upbeat earnings, ahead of US Fed meeting

Most stock markets in the Gulf ended higher on Tuesday on upbeat corporate earnings as investors awaited interest...

Published 31 Oct, 2023 06:59pm

Movies & Music

Meg Ryan returns to romantic comedies as star, writer and director

LOS ANGELES: Meg Ryan, the actor who charmed audiences in ‘Sleepless in Seattle,’ ‘When Harry Met Sally’ and ‘You’ve...

Published 31 Oct, 2023 06:34pm

Stocks

Wall St eyes higher open as yields ease heading into Fed meet

Wall Street’s main indexes were set for a higher open on Tuesday as Treasury yields fell in the run-up to the...

Published 31 Oct, 2023 06:20pm

Europe

Russia’s Lavrov discusses Middle East settlement with Saudi Arabia

MOSCOW: Russian Foreign Minister Sergei Lavrov held a telephone call with Saudi Foreign Minister Prince Faisal bin...

Published 31 Oct, 2023 05:54pm

Stocks

Sri Lanka shares end lower dragged by financials, industrials

CSE All-Share index settled 0.38% lower at 10,647.33

Published 31 Oct, 2023 05:50pm

Cricket

All Blacks’ grit inspires New Zealand against South Africa at World Cup

PUNE: New Zealand captain Tom Latham hopes to summon the fighting spirit of the All Blacks when his side face fellow...

Published 31 Oct, 2023 05:10pm

South Asia

India’s fiscal deficit at 7.02 trillion Indian rupees in April-Sept

NEW DELHI: India’s fiscal deficit for the first six months of the financial year that started April 1 was 7.02...

Published 31 Oct, 2023 05:09pm

Europe

Hijab-wearing woman shot by police in Paris metro, condition critical

PARIS: Police shot and critically wounded a hijab-wearing woman in a Paris metro station on Tuesday morning, local...

Published 31 Oct, 2023 05:05pm

Stocks

India’s Nifty 50, Sensex log worst month in 2023

BENGALURU: Indian blue-chips fell on Tuesday to log their worst month in 2023 as elevated U.S. interest rates...

Published 31 Oct, 2023 04:53pm

Commodities

Palm oil eases, logs second monthly loss on rising stockpile forecast

SINGAPORE: Malaysian palm oil futures fell for a second consecutive session on Tuesday, weighed down by concerns...

Published 31 Oct, 2023 04:50pm

Bullion Rate

Gold price per tola increases Rs900 in Pakistan

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

Updated 31 Oct, 2023 04:26pm

USA

No ceasefire in Gaza, no votes, Muslim Americans tell Biden

WASHINGTON: Muslim Americans and some Democratic Party activists say they will work to mobilize millions of Muslim...

Published 31 Oct, 2023 03:33pm

Movies & Music

Veteran director Hassan Askari passes away in Lahore

Veteran Pakistani film director Hassan Askari passed away in Lahore on Monday at the age of 78. Askari was suffering...

Published 31 Oct, 2023 03:29pm

Companies

Synite Digital Pakistan wins big at event in Malaysia

Clinches four titles at 2023 Dragons of Asia Marketing Communications Industry Awards

Published 31 Oct, 2023 03:25pm

Europe

Putin has discussed action to counter external interference after airport riot

MOSCOW: Russian President Vladimir Putin and top government and security officials on Monday discussed strengthening...

Published 31 Oct, 2023 03:17pm

Money & Banking

H.E. Sheikh Nahayan Mabarak Al Nahayan inaugurates Bank Alfalah branch in Dubai, UAE

Bank Alfalah, one of Pakistan’s leading commercial banks, inaugurated its international branch at the Shaikh Zayed...

Published 31 Oct, 2023 03:13pm

Sports

Pakistan spearhead Shaheen reaches 100 ODI wickets

KOLKATA: Pakistan fast bowler Shaheen Shah Afridi took his 100th wicket in one-day internationals during the World...

Published 31 Oct, 2023 03:12pm

Asia

Thai FM travels to Qatar, Egypt for Hamas hostage talks

BANGKOK: Thailand’s foreign minister begins an urgent visit to Qatar and Egypt on Tuesday for talks on the fate of...

Published 31 Oct, 2023 02:39pm

Sports

Cricket World Cup: New Zealand v South Africa head-to-head record

PUNE: New Zealand v South Africa ODI record ahead of their World Cup group game at MCA International Stadium, Pune...

Published 31 Oct, 2023 02:35pm

Middle East

Kuwait condemns Israeli ‘aggression’ on Gaza, calls for ceasefire

DUBAI: Kuwait’s crown prince Sheikh Meshal al-Ahmad al-Sabah said on Tuesday that his country condemns Israeli...

Published 31 Oct, 2023 02:30pm

Forex

Russian rouble soars to 3-month high past 92 vs dollar

MOSCOW: The Russian rouble climbed to a three-month high past 92 to the dollar on Tuesday, supported by high...

Published 31 Oct, 2023 02:27pm

Stocks

UK’s FTSE 100 muted at open, BP tumbles

The UK’s FTSE 100 was muted on Tuesday as weak performance in oil major BP sparked a sell-off in energy shares,...

Published 31 Oct, 2023 02:25pm

Stocks

Most major Gulf markets gain ahead of US Fed rate meeting

Most major stock markets in the Gulf rose in early trade on Tuesday as investors awaited interest rate decisions by...

Published 31 Oct, 2023 02:21pm

Movies & Music

‘Friends’ cast ‘utterly devastated’ by death of Matthew Perry

LOS ANGELES: The cast of ‘Friends’ said in a joint statement Monday that they have been left “utterly devastated” by...

Published 31 Oct, 2023 02:12pm

Pakistan

SC stops accountability courts from issuing verdicts in NAB cases

Chief Justice of Pakistan Qazi Faez Isa is heading the bench

Updated 31 Oct, 2023 02:00pm

South Asia

Fresh clashes as Bangladesh garment workers protest low wage

ASHULIA: Bangladeshi police clashed on Tuesday with thousands of garment workers demanding fair wages for the...

Published 31 Oct, 2023 01:58pm

Business & Finance

France growth slows to 0.1% in third quarter: data

PARIS: France’s economy slowed to 0.1 percent growth in the third quarter buoyed by strong consumer spending...

Published 31 Oct, 2023 01:56pm

Stocks

European stocks push higher at open

LONDON: Europe’s leading stock markets pushed higher at the start of trading on Tuesday, a day charged with...

Published 31 Oct, 2023 01:53pm

USA

Canada bans WeChat and Kaspersky on government phones

OTTAWA: Canada on Monday banned popular Chinese messaging app WeChat and Russian platform Kaspersky from government...

Published 31 Oct, 2023 01:46pm

Asia

Thailand to offer Indian, Taiwanese tourists visa-free entry

BANGKOK: Thailand will offer visa-free entry to tourists from India and Taiwan, the prime minister announced...

Published 31 Oct, 2023 01:42pm

Energy

BP rebounds into $4.9bn net profit in third quarter

LONDON: British oil giant BP rebounded strongly into net profit in the third quarter after large accounting charges...

Published 31 Oct, 2023 01:40pm

Stocks

Tokyo shares rebound as BoJ tweaks yield policy

TOKYO: Tokyo stocks ended higher Tuesday as investors breathed a sigh of relief after the Bank of Japan only tweaked...

Updated 31 Oct, 2023 01:39pm

Financial

Swiss National Bank posts 12bn franc Q3 loss

ZURICH: The Swiss National Bank on Tuesday posted a 12.04 billion franc ($13.36 billion) loss for the third quarter...

Published 31 Oct, 2023 01:04pm

Business & Finance

Kazakhstan says close to taking over ArcelorMittal unit

ASTANA: Kazakhstan’s government plans to take over ArcelorMittal’s local unit by the end of November and has no...

Published 31 Oct, 2023 12:54pm

Middle East

Drones target Iraq’s Ain al-Asad airbase, no casualties, damage

ANBAR: Two armed drones targeted Iraq’s Ain al-Asad airbase, which hosts US forces and other international forces in...

Published 31 Oct, 2023 12:50pm

Technology

Vodafone to sell Spanish arm to Zegona for $5.30bn

LONDON: Vodafone will sell its struggling Spanish business to Zegona Communications for 5 billion euros ($5.30...

Published 31 Oct, 2023 12:46pm

South Asia

Sri Lanka cabinet approves VAT hike to 18%

COLOMBO: Sri Lanka’s cabinet approved a hike in Value Added Tax (VAT) up to 18% from the current 15% with effect...

Published 31 Oct, 2023 12:43pm

Stocks

Hong Kong stocks down at open

HONG KONG: Hong Kong stocks fell in the opening minutes of trade Tuesday, with investors looking ahead to a key...

Published 31 Oct, 2023 12:29pm

Technology

Chinese astronauts return to Earth after ‘successful’ mission

BEIJING: Three Chinese astronauts safely returned to Earth on Tuesday after five months in orbit at the country’s...

Published 31 Oct, 2023 12:27pm

Technology

Samsung Electronics says Q3 operating profits down 77.57%

SEOUL: South Korea’s Samsung Electronics said Tuesday that its operating profits for the July to September period...

Published 31 Oct, 2023 12:24pm

Europe

Flags and murals as North Irish pick sides in Israel-Hamas war

BELFAST: Northern Ireland may be thousands of miles from the Middle East but signs of the current heightened...

Published 31 Oct, 2023 12:22pm

Europe

King Charles visits Kenya as colonial past looms large

NAIROBI: King Charles III begins a state visit to Kenya on Tuesday, where he will be confronted by widespread calls...

Published 31 Oct, 2023 12:12pm

Sports

Australia abandons 2034 World Cup bid in boost for Saudi

SYDNEY: Australia on Tuesday decided against bidding for the 2034 football World Cup, strengthening Saudi Arabia’s...

Published 31 Oct, 2023 12:04pm

Business & Finance

China’s factory activity unexpectedly contracted in October

BEIJING: China’s manufacturing activity unexpectedly contracted in October, an official factory survey showed on...

Published 31 Oct, 2023 11:40am

Asia

China’s smog-covered north on highest pollution alert as visibility drops

BEIJING: Authorities issued their highest warnings for fog and haze on Tuesday as smog enveloped major cities in...

Published 31 Oct, 2023 11:38am

Sports

Warner enjoying making doubters ‘look stupid’ at World Cup

Australia opener David Warner says his World Cup form is making doubters “look stupid” and hopes to add to his...

Published 31 Oct, 2023 11:32am

Sports

Swiatek overcomes early deficit to beat Vondrousova at WTA Finals

Iga Swiatek erased a 5-2 first set deficit and ultimately rolled to a 7-6(3) 6-0 win over Marketa Vondrousova in the...

Published 31 Oct, 2023 11:28am

Technology

Alibaba upgrades AI model Tongyi Qianwen, releases industry

HONG KONG: Chinese technology giant Alibaba said on Tuesday it has updated its artificial intelligence (AI) model...

Published 31 Oct, 2023 11:16am

Forex

Yuan eases as China’s factory activity unexpectedly contracts

SHANGHAI: China’s yuan inched lower against the dollar on Tuesday as an unexpected contraction in factory activity...

Published 31 Oct, 2023 11:13am

Commodities

Wheat falls but remains on track for first monthly gain since July

CANBERRA: Chicago wheat futures fell on Tuesday as supply concerns eased, but prices still headed for their first...

Published 31 Oct, 2023 11:09am

Mutual Funds

India benchmark yield stuck around 7.35% as traders look for strong cues

MUMBAI: Indian government bond yields were largely flattish in early trade on Tuesday, with benchmark bond yield...

Published 31 Oct, 2023 11:06am

Forex

Dollar shortage worries push Indian rupee premiums to 2-month low

MUMBAI: Concerns over a persistent shortage of US dollars drove the USD/INR overnight swap rate and forward premiums...

Updated 31 Oct, 2023 11:03am

Companies

Tata Motors rises after court awards compensation for West Bengal investment

BENGALURU: Shares of Tata Motors rose as much as 2% in early trade on Tuesday, before trimming some gains, a day...

Published 31 Oct, 2023 11:00am

Mutual Funds

Japan’s 10-year JGB futures slide after BOJ decision

TOKYO: Japan’s 10-year government bond (JGB) futures slipped on Tuesday after the Bank of Japan modified its bond...

Published 31 Oct, 2023 10:57am

Stocks

China stocks fall on contracting factory activity

SHANGHAI: China stocks fell on Tuesday, snapping a five-day winning streak after data showed manufacturing activity...

Published 31 Oct, 2023 10:53am

Commodities

Palm oil eases, set for second monthly loss as stockpiles forecast to rise

SINGAPORE: Malaysian palm oil futures fell for the second consecutive session on Tuesday, weighed down by concerns...

Published 31 Oct, 2023 10:51am

Sports

Messi wins record eighth Ballon d’Or for best player in the world

PARIS: Argentina captain Lionel Messi won a record eighth Ballon d’Or for the best player in the world on Monday,...

Published 31 Oct, 2023 10:48am

Sports

Gauff ‘feeling the love’ in Cancun after maiden WTA Finals win

US Open champion Coco Gauff said she was “feeling the love” in rainy Cancun after her 6-0 6-1 demolition of Ons...

Published 31 Oct, 2023 10:42am

Forex

Asian FX mixed; stocks fall as China manufacturing activity disappoints

Emerging Asian currencies were broadly mixed in cautious trading on Tuesday, while China’s equity markets weakened...

Published 31 Oct, 2023 10:40am

Stocks

Asian stocks waver, yen wobbles as BOJ takes centre stage

SINGAPORE: Asian equities eased on Tuesday, while the yen remained close to a two-week high as traders braced for...

Published 31 Oct, 2023 10:32am

Asia

Japan announces sanctions on Hamas-related individuals, company

TOKYO: Japan has imposed a fresh set of sanctions on individuals and a company connected to the Gaza-based Hamas...

Published 31 Oct, 2023 10:29am

Stocks

Australian shares gain on boost from energy, banking stocks

Australian shares rose on Tuesday, helped by gains in energy and financial stocks, while traders awaited the US...

Published 31 Oct, 2023 10:19am

Forex

Australia, NZ dollars buffeted by cross currents from BOJ shift

SYDNEY: The Australian and New Zealand dollars stepped back on Tuesday as China data disappointed and the Bank of...

Published 31 Oct, 2023 10:17am

Stocks

Indian shares drop as IT stock slide ahead of Fed decision

BENGALURU: Indian shares fell on Tuesday, tracking the weakness in the broader Asian market and dragged by a drop in...

Published 31 Oct, 2023 10:15am

Forex

Yen slides as BOJ largely stands pat but tweaks yield cap

SINGAPORE: The yen weakened on Tuesday after the Bank of Japan (BOJ) maintained ultra-low rates but made a small...

Published 31 Oct, 2023 10:07am

Energy projects sans Chinese IPPs: PPIB resubmits transition from LIBOR to ‘SOFR’

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has resubmitted the transition from LIBOR to SOFR for...

Updated 31 Oct, 2023 10:02am

Gas tariffs increased

The drastic devaluation of rupee against dollar has resulted into increasing cost of gas

Updated 31 Oct, 2023 10:00am

PIA sell-off: Minister holds meeting with potential FAs

ISLAMABAD: The Minister for Privatisation held a meeting with potential financial advisors of the PIACL transaction...

Updated 31 Oct, 2023 09:57am

Industrial power consumers: FD terms proposed winter package ‘vague’

ISLAMABAD: The Finance Division has reportedly termed the proposed four-month electricity ‘winter package’ for...

Updated 31 Oct, 2023 09:50am

Recoveries under QTA: Discos seek positive adjustment of Rs1.7 per unit

ISLAMABAD: The power Distribution Companies (DISCOs) have sought positive adjustment of Rs 1.7 per unit to recover...

Updated 31 Oct, 2023 09:50am

MTBs and Ijara Sukuk Rules: Cabinet approves summary regarding amendment: MoF

ISLAMABAD: The Finance Ministry has said the caretaker federal cabinet has granted its approval to the summary...

Updated 31 Oct, 2023 09:33am

Pakistan

Punjab unveils Rs2trn budget for four months

LAHORE: The caretaker Punjab government on Monday presented Rs 2076.2 billion four-month (November, December 2023...

Updated 31 Oct, 2023 09:31am

Privatisation list: Cabinet approves withdrawal of PSM

ISLAMABAD: The federal cabinet, on Monday, approved the withdrawal of privatisation of Pakistan Steel Mills...

Updated 31 Oct, 2023 09:16am

World Bank projects 1.7pc growth rate

ISLAMABAD: The World Bank has projected positive growth return for Pakistan in fiscal year 2023-24, but at a rate of...

Updated 31 Oct, 2023 09:15am

Federal institutions: Rs80bn set aside for debt repayment

LAHORE: In the Punjab’s budget for the next four months, out of the estimated budget of Rs 2076.2 billion, an amount...

Updated 31 Oct, 2023 09:14am

Pakistan

ECP orders removal of PS to CM Sindh

ISLAMABAD: Election Commission of Pakistan (ECP) has directed the Establishment Division (ED) to remove principal...

Updated 31 Oct, 2023 09:14am

BR’s refresher: your morning briefing for the day

Important updates from October 30, 2023

Published 31 Oct, 2023 09:03am

BR Research

Wise decision

SBP kept the policy rate unchanged at 22 percent. The markets were expecting a rate cut, and the rumor mill was...

Published 31 Oct, 2023 08:36am

BR Research

PMPK in 9MCY23

While CY22 was better for the tobacco industry in terms of profitability despite the three FED hikes, the ongoing...

Published 31 Oct, 2023 08:34am

BR Research

Flying Cement Company Limited

Flying Cement Company Limited (PSX: FLYNG) was incorporated in Pakistan as a public limited company in 1992. The...

Published 31 Oct, 2023 08:31am

Pakistan

Israel’s aggression: Senators seek urgent action from world

ISLAMABAD: The Senate, Monday, continued its debate on the ongoing atrocities on the people of Gaza by Israel,...

Updated 31 Oct, 2023 06:09am

Opinion

Budgetary outcome in first quarter

The information on fiscal operations in the first quarter of 2023-24 by the Federal and the four Provincial...