News Archives for Latest - 2023-11-03

Europe

France to host international conference for Gaza next week: diplomats

PARIS: France will host an international humanitarian conference for the civilian population in Gaza on Nov. 9 as it...

Published 03 Nov, 2023 11:06pm

World

Japan to provide $65 million additional humanitarian aid to Palestinians

TOKYO: Japan will provide $65 million in additional humanitarian aid to Palestinians out of concern over the ...

Published 03 Nov, 2023 11:00pm

Technology

Pakistan to see its first VC fund in 7 years as Sai Venture Capital looks to raise $10mn: report

Fund is currently 40% committed, says co-founder Ahsan Jamil

Updated 03 Nov, 2023 10:56pm

Pakistan

14 soldiers martyred in terrorist attack on forces’ vehicles in Gwadar: ISPR

Sanitisation operation is being carried out in area and perpetrators of this heinous act will be hunted down and brought to justice, says military's media wing

Updated 03 Nov, 2023 10:55pm

Pakistan

PTI’s Asad Qaiser ‘arrested’ from Islamabad residence

Former Speaker National Assembly and senior Pakistan Tehreek-e-Insaf (PTI) leader Asad Qaiser has been arrested from...

Updated 03 Nov, 2023 10:53pm

World

US urges 'pauses' in Gaza fighting as Israel besieges Gaza City

TEL AVIV: Top US diplomat Antony Blinken met Israeli leaders on Friday to call for more to be done to protect...

Published 03 Nov, 2023 10:49pm

Middle East

Halt Israel’s Gaza attack to prevent regional war, Hezbollah tells US

BEIRUT: The leader of Lebanon’s Hezbollah warned the United States on Friday that preventing a regional war depended...

Updated 03 Nov, 2023 10:48pm

Pakistan

At least five killed in Dera Ismail Khan blast

More than 20 people have also been injured

Updated 03 Nov, 2023 10:46pm

Pakistan

Ensure elections on Feb 8, SC directs govt

Three-member bench takes up several petitions to hold general elections within 90 days as stipulated by the Constitution

Updated 03 Nov, 2023 10:44pm

Stocks

KSE-100 makes history, settles at record-high after crossing 53,000 level

Benchmark index has been on a winning run for the past few months with IMF's $3-billion SBA proving to be catalyst for bullish sentiment
Has added 30% since last week of June this year

Updated 03 Nov, 2023 10:41pm

Pakistan

Banking fraud accused to be extradited to Kuwait

ISLAMABAD: The government has decided to extradite a Pakistani citizen to Kuwait, involved in banking fraud,...

Updated 03 Nov, 2023 10:40pm

Sports

Shahid Afridi meets PCB’s Zaka Ashraf, ends days-long ‘hostility’

Meeting comes amid speculation that the former all-rounder is in the run for a top position in PCB

Updated 03 Nov, 2023 10:39pm

Europe

US announces $425mn in new military aid for Ukraine

WASHINGTON: The United States on Friday announced a new $425 million military assistance package for Ukraine that...

Published 03 Nov, 2023 10:32pm

Sports

Zaka Ashraf’s future in PCB to be decided after World Cup: PM Kakar

Says any drastic change in PCB will demoralise national team playing World Cup in India

Published 03 Nov, 2023 09:32pm

Middle East

Health ministry in Gaza says Israel targeted convoy of ambulances leaving Al-Shifa hospital

GAZA: The health ministry in Gaza said on Friday Israel targeted a convoy of ambulances leaving Al-Shifa hospital in...

Published 03 Nov, 2023 09:38pm

Sports

Afghanistan defeat Dutch to boost World Cup semi-final bid

LUCKNOW: Afghanistan swept past the Netherlands by seven wickets on Friday to boost their chances of reaching the...

Updated 03 Nov, 2023 08:06pm

Forex

SBP, Arab Monetary Fund sign MoU to facilitate cross-border remittances

Pakistan’s Raast and AMF-owned Buna payment systems will be linked to enable real-time, cross-border payments for overseas Pakistanis

Updated 03 Nov, 2023 07:54pm

Stocks

Wall St eyes higher open as slowing job growth boosts rate-hike pause bets

Wall Street was set for a higher open on Friday after data pointing to slowing job growth and an uptick in the...

Published 03 Nov, 2023 07:49pm

Energy

Global LNG: Asia spot LNG prices fall amid full inventories, mild weather

LONDON: Asian spot liquefied natural gas (LNG) prices fell this week but remained at a near nine-month high as...

Published 03 Nov, 2023 07:37pm

Movies & Music

Missy Elliott, George Michael, Kate Bush to enter Rock Hall of Fame

NEW YORK: Music’s glitterati will fete a new class of legends entering the Rock and Roll Hall of Fame Friday, among...

Published 03 Nov, 2023 06:49pm

South Asia

China’s Xi asks Scholz to push EU to boost ‘fair market competition’

BEIJING: President Xi Jinping on Friday asked Olaf Scholz to urge the European Union to “safeguard fair market...

Published 03 Nov, 2023 06:44pm

Forex

Inter-bank: rupee sustains 10th consecutive decline against US dollar

Currency depreciates 0.31% on Friday, settles at nearly one-month low in inter-bank market

Updated 03 Nov, 2023 06:42pm

Markets

India’s forex reserves rise to one-month high

India’s foreign exchange reserves rose by $2.6 billion to a one-month high of $586.11 billion as of Oct. 27, data...

Published 03 Nov, 2023 06:16pm

Stocks

UAE shares rise as Fed pause improves sentiment

Stock market in the United Arab Emirates closed higher on Friday, in line with global equity markets, as investors...

Published 03 Nov, 2023 05:54pm

Forex

Open-market: rupee continues to weaken against US dollar

The Pakistani rupee weakened further against the US dollar in the open market on Friday, while the local currency...

Updated 03 Nov, 2023 05:53pm

Life & Style

Bangladesh protests halt production for top fashion brands: union

DHAKA: Levi’s and H&M are among top global clothing brands to suffer production halts in Bangladesh, a garment...

Published 03 Nov, 2023 05:16pm

Europe

Israel actions in Gaza ‘approaching revenge’: Irish PM

DUBLIN: Irish Prime Minister Leo Varadkar said Israel’s response to the October 7 attack by Hamas “resembles...

Published 03 Nov, 2023 05:13pm

Europe

Russia shrugs off latest US sanctions

MOSCOW: The Kremlin on Friday dismissed a new package of US sanctions, saying Russia had learnt to “overcome” such...

Published 03 Nov, 2023 05:02pm

Commodities

Asia Gold: Elevated local prices dent retail demand in India

Physical gold dealers in India offered discounts for a fourth consecutive week as consumers shied away from making...

Published 03 Nov, 2023 04:47pm

Stocks

Fed rate pause powers Indian shares to weekly gains

BENGALURU: Indian shares began November on a positive note, snapping a two-week losing streak, supported by the U.S....

Published 03 Nov, 2023 04:37pm

Commodities

Copper down on higher stocks, concerns about demand in China

LONDON: Copper prices fell in London on Friday after data showed higher inventories in exchange-registered...

Published 03 Nov, 2023 04:34pm

Commodities

Palm oil drops on stockpiles in Malaysia, reduced edible imports to India

SINGAPORE: Malaysian palm oil futures closed lower on Friday, weighed down by stockpiles in Malaysia and low levels...

Published 03 Nov, 2023 04:32pm

Money & Banking

Bank of Khyber says will establish wholly-owned EC

The Board of Directors of Bank of Khyber (BoK) announced on Friday that it will establish an Exchange Company (EC)...

Published 03 Nov, 2023 04:31pm

Pakistan

Pakistan opens more centres at border to expedite Afghans repatriation

PESHAWAR: Pakistan opened more centres at a border crossing with Afghanistan on Friday to expedite the return of...

Updated 03 Nov, 2023 04:28pm

Bullion Rate

Gold price per tola increases Rs1,100 in Pakistan

Gold prices in Pakistan advanced on Friday, with per tola rate of the yellow metal witnessing a gain of Rs1,100 to...

Published 03 Nov, 2023 03:32pm

Europe

Aid needs in Gaza, West Bank estimated at $1.2 billion: UN

GENEVA: The United Nations humanitarian office said on Friday the cost of meeting the needs of people in Gaza and...

Updated 03 Nov, 2023 03:17pm

Luxury

Vivid blue diamond could sell for $50mn at Christie’s auction

GENEVA: The largest internally flawless fancy vivid blue diamond ever put up for auction could sell for up to $50...

Updated 03 Nov, 2023 03:16pm

Energy

Russian oil and gas budget revenues more than doubled in October

MOSCOW: Russia’s oil and gas revenues in October more than doubled to 1.635 trillion roubles ($17.63 billion) from...

Published 03 Nov, 2023 03:09pm

Energy

Oil heads for weekly losses as Mideast worries ease, China demand uncertain

SINGAPORE: Oil prices were little changed on Friday, but headed for a second week of losses as supply concerns...

Updated 03 Nov, 2023 03:06pm

Sports

Pakistan’s Shadab Khan doubtful for World Cup clash with New Zealand

BENGALURU: Pakistan’s Shadab Khan remains a doubt for their World Cup game against New Zealand after suffering...

Updated 03 Nov, 2023 02:57pm

Sports

‘Nothing’s worked’: Stokes bemoans England’s woeful World Cup

AHMEDABAD: England’s Ben Stokes on Friday conceded that “nothing’s worked” in a disastrous World Cup campaign. The...

Published 03 Nov, 2023 02:33pm

Stocks

London stocks open higher as Smith+Nephew shines; set for weekly gains

The UK’s FTSE 100 opened higher on Friday and was on track for weekly gains, buoyed by the gains in medical products...

Published 03 Nov, 2023 01:59pm

Movies & Music

New TV show ‘007: Road To A Million’ brings Bond-like tasks to screens

LONDON: From scaling mountains and cranes to coming face-to-face with crocodiles and snakes, contestants travel the...

Published 03 Nov, 2023 01:57pm

Stocks

European shares eye best week since March, automobiles lead gains

Europe’s benchmark STOXX 600 rose on Friday and was set for its best week since March, led by automobile stocks as...

Published 03 Nov, 2023 01:57pm

Middle East

Blinken in Israel seeking ‘concrete steps’ to reduce Gaza civilian harm

TEL AVIV: US Secretary of State Antony Blinken arrived in Israel Friday, an AFP correspondent travelling with him...

Published 03 Nov, 2023 01:55pm

Companies

BMW boosts earnings with higher-priced and electric cars

BERLIN: BMW reported a higher third-quarter margin in its core cars business on Friday, striking a more optimistic...

Published 03 Nov, 2023 01:52pm

South Asia

Fire at drug rehab centre in north Iran kills 27: judiciary

TEHRAN: At least 27 people died in a massive fire that broke out at a drug rehabilitation centre in northern Iran...

Updated 03 Nov, 2023 01:35pm

Business & Finance

Turkiye inflation rate holds near 61 percent

ISTANBUL: Turkiye annual inflation rate held steady near 61 percent last month, official data showed Friday,...

Published 03 Nov, 2023 01:33pm

Europe

Ukraine says it downed 24 attack drones, missile

KYIV: Kyiv said Friday its air defence systems had downed two dozen Russian drones and a missile overnight, as...

Published 03 Nov, 2023 01:28pm

Sports

Root says struggling England better ‘man for man’ than Australia

AHMEDABAD: Joe Root struck a defiant tone ahead of England’s World Cup clash with Australia saying his team is...

Published 03 Nov, 2023 01:27pm

Commodities

Cotton arrival improves 13.3% in last two weeks of Oct: PCGA

Cotton arrival in Pakistan witnessed a significant increase of 13.3% as of October 31 compared to October 15, showed...

Published 03 Nov, 2023 01:06pm

Middle East

Two Palestinians killed in West Bank: Palestinian health ministry

OCCUPIED JERUSALEM: Two people were killed during an Israeli military operation in the occupied West Bank city of...

Published 03 Nov, 2023 12:40pm

Technology

Former crypto tycoon Sam Bankman-Fried found guilty on all counts at fraud trial

NEW YORK: Former crypto tycoon Sam Bankman-Fried was found guilty Thursday by a New York jury on all seven counts of...

Published 03 Nov, 2023 12:33pm

Stocks

Hong Kong stocks open with more gains

HONG KONG: Hong Kong stocks built on a global rally Friday fuelled by optimism that the Federal Reserve’s...

Published 03 Nov, 2023 12:29pm

Middle East

Hezbollah chief to break silence on Israel-Hamas war

BEIRUT: Lebanon’s Hezbollah chief Hassan Nasrallah on Friday will break weeks of silence since war broke out between...

Published 03 Nov, 2023 12:27pm

Europe

Train platform of tears near Ukraine’s front line

KRAMATORSK: With a bunch of roses in his hand, Yuriy quickly climbs aboard the train to embrace his wife. She has...

Published 03 Nov, 2023 12:00pm

Sports

New Zealand’s injured Henry out of World Cup as Jamieson comes in

BENGALURU: New Zealand’s Matt Henry will miss the rest of the World Cup with a torn hamstring and will be replaced...

Published 03 Nov, 2023 11:52am

Sports

Pegula powers into WTA Finals last four

CANCÚN: American Jessica Pegula powered into the semi-finals of the season-ending WTA Finals in Cancun on Thursday,...

Published 03 Nov, 2023 11:49am

Stocks

Stocks set for strongest week of 2023 on interest rate cheer

SINGAPORE: Stocks were headed for their biggest weekly rise in a year on Friday, while bonds rallied and the dollar...

Published 03 Nov, 2023 11:36am

Middle East

Israel says it encircles Gaza City; US to urge ‘localised’ humanitarian pauses

GAZA/OCCUPIED JERUSALEM: Israel said it had surrounded the Gaza Strip’s biggest city and the focus of its drive to...

Updated 03 Nov, 2023 11:35am

Mutual Funds

India bond yields may dip slightly, tracking US peers; debt sale still key

MUMBAI: Indian government bond yields are likely to ease in early trade on Friday as US yields fell further a day...

Published 03 Nov, 2023 11:33am

Stocks

Qantas shareholders vote against remuneration report at AGM

SYDNEY: Shareholders of Australia’s Qantas Airways voted overwhelmingly against the company’s executive pay report,...

Published 03 Nov, 2023 11:30am

Forex

India rupee to be supported by further pullback on US yields, dollar

MUMBAI: The Indian rupee is expected to draw support on Friday from the US dollar’s decline on upbeat risk appetite...

Published 03 Nov, 2023 11:27am

Forex

Australia, NZ dollars on track for biggest weekly jump in four months

SYDNEY: The Australian and New Zealand dollars were headed for their firmest week in four months on Friday, buoyed...

Published 03 Nov, 2023 11:24am

Asia

North Korea media urges stronger nuclear force after US missile test

SEOUL: North Korea will increase its military deterrent to ensure its security against a US nuclear arsenal aimed at...

Published 03 Nov, 2023 11:21am

Commodities

Palm firms on Indonesian export curbs, dip in India imports caps gains

SINGAPORE: Malaysian palm oil futures rose on Friday after top producer Indonesia confirmed the extension of export...

Published 03 Nov, 2023 11:16am

Asia

North Korea confirms embassy closures to revamp diplomatic efficiency

SEOUL: North Korea confirmed on Friday it is shutting some embassies in an effort to “rearrange its diplomatic...

Published 03 Nov, 2023 11:14am

Bullion Rate

Gold listless as traders seek direction from US jobs data

Gold struggled for momentum on Friday, as investors refrained from making big bets ahead of a report on US October...

Published 03 Nov, 2023 11:11am

South Asia

Air pollution in India’s New Delhi turns ‘severe’, some schools shut

NEW DELHI: People in New Delhi woke up to a thick layer of toxic haze on Friday, and some schools were ordered to be...

Published 03 Nov, 2023 10:58am

Forex

China onshore yuan steady, offshore edges up on softer dollar

SHANGHAI: China’s yuan held steady in onshore trade on Friday, while its offshore counterpart firmed against a...

Published 03 Nov, 2023 10:54am

Commodities

Soybeans set for fourth weekly gain on China demand hopes

CANBERRA: Chicago soybean futures rose on Friday, heading for a fourth consecutive weekly gain amid expectations of...

Published 03 Nov, 2023 10:52am

Middle East

UAE warns against risk of regional spillover from Gaza war

ABU DHABI: Gulf Arab power the United Arab Emirates warned on Friday that there was a real risk of a regional...

Published 03 Nov, 2023 10:50am

Stocks

China stocks rise undeterred by slower services activity growth; HK shares up

SHANGHAI: China stocks rose on Friday with consumer-related shares leading gains, even as a private survey showed...

Published 03 Nov, 2023 10:42am

Commodities

Copper heads for second weekly gain on weaker dollar

Copper prices rose on Friday and were set for their second straight week of gains, as a weaker dollar offset demand...

Published 03 Nov, 2023 10:38am

Stocks

Indian shares set to rise amid global rally after Fed rate pause

BENGALURU: Indian shares are set to open higher on Friday as risk appetite improved across global markets on...

Published 03 Nov, 2023 10:27am

Stocks

Australian shares rise over 1% on US rate relief hopes

Australian shares rose more than 1% on Friday, buoyed by hopes that the US Federal Reserve might be done raising...

Published 03 Nov, 2023 10:13am

IMF knows full well SOEs govt’s Achilles heel

Shamshad Akhtar shares progress on the Standby Arrangement and briefs IMF on fiscal measures being taken by the government to improve economic situation

Updated 03 Nov, 2023 10:13am

‘Further sales tax’ and ‘extra sales tax’: conflicting FBR accounts cause a great deal of confusion

ISLAMABAD: The conflicting legal clarifications of the Federal Board of Revenue (FBR) on the chargeability of extra...

Updated 03 Nov, 2023 10:11am

Forex

Dollar eases as traders bet Fed done with rate hikes

SINGAPORE: The dollar stayed on the back foot on Friday and was on course for a weekly decline against a basket of...

Published 03 Nov, 2023 10:11am

Wheat procurement: ECC directs ministry to submit action plan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of National Food Security...

Updated 03 Nov, 2023 10:10am

Power distribution: Nepra hints at approving licence to Bahria Town

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Thursday hinted at approving power...

Updated 03 Nov, 2023 09:37am

Business & Finance

APTMA assails ‘unprecedented’ gas tariff hike

KARACHI: Zahid Mazhar, Chairman All Pakistan Textile Mills Association (APTMA) Southern Zone has strongly rejected...

Updated 03 Nov, 2023 09:36am

Real Estate

Dubai’s ‘super stable’ status ensures its real estate market keeps attracting Pakistanis

Official at DAMAC Properties highlights reasons for real estate interest from country

Updated 03 Nov, 2023 09:22am

Essential commodities: NPMC satisfied with current price trend

ISLAMABAD: The National Price Monitoring Committee (NPMC) reviewed the prices of essential commodities and expressed...

Updated 03 Nov, 2023 08:59am

Non-filers, documentation of economy: FBR shares strategy with Shamshad

ISLAMABAD: The caretaker Finance Minister Dr Shamshad Akhtar has directed the Federal Board of Revenue (FBR) to...

Updated 03 Nov, 2023 08:59am

Illegal migrants: Blome agrees to Pakistan’s stance in meeting with Dar

ISLAMABAD: United States Ambassador to Pakistan, Donald Blome has agreed that Pakistan, being a sovereign country,...

Updated 03 Nov, 2023 08:57am

Senate extends NAB Ordinance 2023 for 120 days

ISLAMABAD: Amidst opposition, the caretaker federal government on Thursday laid the National Accountability...

Updated 03 Nov, 2023 08:56am

General election to be held on Feb 8, 2024

ISLAMABAD: The president of Pakistan and the Election Commission of Pakistan (ECP), unanimously, agreed to hold...

Updated 03 Nov, 2023 08:56am

BR’s refresher: your morning briefing for the day

Important updates from November 2, 2023

Published 03 Nov, 2023 08:49am

BR Research

50 shades of ‘grey trade’

The crackdown on smuggling is yielding results. However, the food items smuggled through grey channels are still...

Published 03 Nov, 2023 08:45am

BR Research

Petroleum sales and some recovery?

Monthly petroleum sales in the country have been weakening due economic slowdown, rising inflation, and depreciating...

Published 03 Nov, 2023 08:42am

BR Research

Balochistan Glass Limited

Balochistan Glass Limited (PSX: BGL) was incorporated in Pakistan as a public limited company in 1980. The principal...

Published 03 Nov, 2023 08:39am

Opinion

USD to PKR forecast for 2024 — III

In the earlier article on this subject, this writer discussed the projections for PkR exchange rate for 2024. In the...

Updated 03 Nov, 2023 07:17am

Opinion

Rising global economic uncertainties

‘Businesses, governments, and investors were already navigating a foggy global landscape before the tragic events...

Updated 03 Nov, 2023 07:13am

Opinion

FATF strategic initiatives & Pakistan

The fourth, three-day plenary session of the Financial Action Task Force (FATF) concluded on October 27, 2023, with...

Updated 03 Nov, 2023 07:12am

Pakistan

Steps being taken to deal with challenges of street crime, ‘dacoit culture’: CM

KARACHI: Caretaker Sindh Chief Minister Justice Maqbool Baqar (Retd) Thursday said the government was putting all ...

Published 03 Nov, 2023 07:03am

Pakistan

Convocation of COMSATS University held: President speaks about profundity of computer science

ISLAMABAD: President Dr Arif Alvi said that artificial intelligence or computer science was the second leg of every...

Published 03 Nov, 2023 07:01am

Pakistan

Climate change: Minister for collective revolutionary steps

ISLAMABAD: “Pakistan is one of the most-affected countries by climate change although it has a very small role in...

Published 03 Nov, 2023 07:00am

Pakistan

Oxford-LUMS & Punjab police collaborate to empower women rickshaw drivers

LAHORE: LUMS and City Traffic Police Lahore partnered to provide Rickshaw driving training to females for the...

Published 03 Nov, 2023 06:58am

Pakistan

IPP’s workers convention today

LAHORE: Istehkam-e-Pakistan Party (IPP) will hold its 2nd workers convention at Hafizabad on Friday (today). The...

Published 03 Nov, 2023 06:54am

Pakistan

Punjab CM says students must not be engaged in cleaning school premises

LAHORE: The caretaker Chief Minister Punjab Mohsin Naqvi has prohibited students from undertaking the responsibility...

Published 03 Nov, 2023 06:49am

Pakistan

Punjab’s first paraplegic centre opens in Lahore

LAHORE: Punjab’s first paraplegic centre for the rehabilitation of patients paralyzed due to spinal cord injury ...

Published 03 Nov, 2023 06:47am

Pakistan

Wapda chairman visits Warsak Dam

LAHORE: Chairman Wapda Engr Lt Gen Sajjad Ghani (retd) visited Warsak Dam located on River Kabul, 30 km from ...

Published 03 Nov, 2023 06:46am

Pakistan

World Bank delegation meets BISP chairman: Increase in amount of stipend under Kifaalat initiative proposed

ISLAMABAD: Chairperson Benazir Income Support Programme (BISP) Dr Amjad Saqib has proposed an increase in the amount...

Published 03 Nov, 2023 06:42am

Pakistan

Shamshad addresses ‘UNESCAP Committee’ in Bangkok

ISLAMABAD: Dr Shamshad Akhtar, Minister for Finance, Revenue and Economic Affairs, addressed the “UNESCAP ...

Updated 03 Nov, 2023 06:40am

Pakistan

IK’s intra-court appeal: IHC issues notices to federation, others

ISLAMABAD: The Islamabad High Court (IHC) issued notices to the Federation, Ministry of Law, and the Federal...

Published 03 Nov, 2023 06:37am

Pakistan

Zardari, other Park Lane case accused summoned by AC

ISLAMABAD: An Accountability Court (AC), on Thursday, summoned former president Asif Ali Zardari and other accused ...

Published 03 Nov, 2023 06:35am

Pakistan

Jail authorities allowed to shift Qureshi to hospital

ISLAMABAD: The special court hearing the cypher case against Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan and PTI...

Published 03 Nov, 2023 06:19am

Pakistan

‘There’s no indication that IK is being subjected to slow poisoning’

ISLAMABAD: Days after reports surfaced that incarcerated former prime minister Imran Khan is under slow-poisoning...

Published 03 Nov, 2023 06:19am

Pakistan

The Weather

KARACHI: The weather report on Thursday (November 02, 2023) and the forecast for Friday (November 03, 2023)...