News Archives for Latest - 2023-11-06

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Archive - 2023-11-06

Cricket

Mathews brands Shakib 'disgraceful' for 'timed out' World Cup dismissal

NEW DELHI: Sri Lanka's Angelo Mathews branded Bangladesh captain Shakib Al Hasan as "disgraceful" after he became...

Published 06 Nov, 2023 11:53pm

Pakistan

Pakistan ‘appalled’ by Israeli minister’s Gaza nuclear ‘option’ comment: FO

The Foreign Office (FO) on Monday said Pakistan was “appalled” at the remarks made by an Israeli minister wherein he...

Published 06 Nov, 2023 11:46pm

Europe

Iran president to attend summit in Saudi on Gaza: source

RIYADH: Iranian President Ebrahim Raisi is expected to attend a summit in the Saudi capital on Sunday addressing the...

Published 06 Nov, 2023 11:18pm

World

UN chief says Gaza ceasefire 'more urgent with every passing hour'

UNITED NATIONS: UN Secretary-General Antonio Guterres on Monday urged an immediate ceasefire in the Israel-Hamas...

Updated 06 Nov, 2023 11:01pm

Money & Banking

Iqbal Day: SBP to remain closed on Thursday

The State Bank of Pakistan (SBP) will remain closed on Thursday, November 09, 2023 being a public holiday on the...

Updated 06 Nov, 2023 10:52pm

Pakistan

Asif Zardari hopeful of Bilawal's election victory on February 8

Says PPP will put a stop to people's suffering

Updated 06 Nov, 2023 10:50pm

Energy

Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts

LONDON: Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra...

Updated 06 Nov, 2023 10:43pm

Pakistan

No compromise to be made with drug peddlers: PM Kakar

Prime Minister Anwaar-ul-Haq Kakar said on Monday that there will be no compromise with drug peddlers as they are...

Updated 06 Nov, 2023 10:39pm

Pakistan

Four Army officials martyred during operation in KP’s Tirah: ISPR

Sanitisation operation is being carried out to eliminate any terrorists found in the area, says military's media wing

Updated 06 Nov, 2023 10:38pm

Europe

88 UN workers killed in Israel-Hamas war: statement

UNITED NATIONS: Eighty-eight UN relief workers have been killed so far in the Israel-Hamas war, United Nations'...

Published 06 Nov, 2023 10:37pm

Stocks

KSE-100 hits new high with 737-point gain as bull-run continues

Benchmark index closes at 53,860.37 with cement and food sectors leading rally

Updated 06 Nov, 2023 10:37pm

Middle East

Israel steps up aggression, pressure grows as Gaza death toll approaches 10,000

US deploys Ohio-class nuclear missile submarine to Middle East
Telecom services resume gradually in Gaza
Jordan air-drops medical aid to Jordanian field hospital in Gaza

Updated 06 Nov, 2023 10:35pm

Sports

Bangladesh beat Sri Lanka at World Cup after Mathews 'timed out' row

NEW DELHI: Sri Lanka batsman Angelo Mathews became the first player to be given "timed out" in the 146-year history...

Updated 06 Nov, 2023 10:29pm

Europe

Russia warns of 'terrorist' risk from Gaza fighting, calls for Palestinian unity

MOSCOW: Russia on Monday called for an end to the fighting in Gaza and said a resumption of Palestinian-Israeli...

Updated 06 Nov, 2023 10:17pm

Business & Economy

Why invest in Pakistan: panelists look for answers, but more questions spring up

A seasoned international technology investor, Sameer Chishty, who has recently become Chairman and CEO of Bol...

Published 06 Nov, 2023 09:02pm

Stocks

Wall St inches up as markets await Fed speakers amid rate-cut hopes

Wall Street’s main indexes edged higher in early trade on Monday as investors geared up for commentary by a slew of...

Published 06 Nov, 2023 08:53pm

Forex

Open-market: rupee weakens further against US dollar

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

Updated 06 Nov, 2023 07:59pm

Forex

Inter-bank: rupee sees 11th successive fall against US dollar

Currency depreciates 0.34% to settle at 285.29

Updated 06 Nov, 2023 07:58pm

Stocks

Most Gulf bourses rise as investors bet Fed done hiking rates

Most stock markets in the Gulf ended higher on Monday after U.S. jobs data bolstered expectations that the Federal...

Published 06 Nov, 2023 07:28pm

Stocks

Sri Lanka shares end flat as consumer staples offset communication services losses

BENGALURU: Sri Lankan shares ended unchanged on Monday after a gain in consumer staples and industrial stocks...

Published 06 Nov, 2023 07:18pm

Literature

Debating ties with neighbours, economic woes: 9th Islamabad Literature Festival ends

The 9th iteration of the Islamabad Literature Festival (ILF) wrapped on Sunday, marking the end of an inspired and...

Published 06 Nov, 2023 06:58pm

Africa

South Africa recalls diplomats from Israel to assess its position

PRETORIA: South Africa is recalling diplomats from Israel to assess its relationship with the country amid a rise in...

Published 06 Nov, 2023 06:46pm

South Asia

Xi says China, Australia can become ‘trusting’ partners

BEIJING: Chinese President Xi Jinping told Australian Prime Minister Anthony Albanese on Monday their two countries...

Published 06 Nov, 2023 06:28pm

Middle East

Blinken meets Turkish counterpart in Ankara as part of Middle East tour

ANKARA: US Secretary of State Antony Blinken discussed the situation in Gaza on Monday with Turkiye’s foreign...

Published 06 Nov, 2023 06:04pm

Europe

IMF mission starts second review of Ukraine programme

KYIV: International Monetary Fund monitoring mission started work on Monday to review an ongoing multibillion dollar...

Published 06 Nov, 2023 05:18pm

Energy

Russian oil price for India eased in September vs Aug

NEW DELHI: The average landed price of Russian oil for Indian refineries in September eased from August, according...

Published 06 Nov, 2023 05:10pm

Stocks

Indian shares extend gains on easing US rate concerns

BENGALURU: Indian shares advanced on Monday, in step with Asian peers, after U.S. jobs data heightened hopes that...

Published 06 Nov, 2023 04:50pm

Commodities

Copper hits one-month high ahead of key China data

LONDON: Copper prices climbed on Monday to one-month highs as a softer dollar and China committing to boost its...

Published 06 Nov, 2023 04:47pm

Commodities

Palm oil eases on stronger ringgit, rising supply outlook

BEIJING: Malaysian palm oil futures ended lower for a second day on Monday, weighed by a strengthening ringgit and...

Published 06 Nov, 2023 04:44pm

Arts

Dubai Design Week: 9th edition looks set to become global creative hub

The largest design fair in the region will take place from November 7-12 at Dubai Design District

Updated 06 Nov, 2023 04:25pm

Bullion Rate

Gold price per tola down Rs400 in Pakistan

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

Published 06 Nov, 2023 03:18pm

Stocks

Key markets gain on hopes of early Fed rate cuts

Most major stock markets in the Gulf rose in early trade on Monday after softer-than-expected US jobs data...

Published 06 Nov, 2023 03:01pm

South Asia

India’s New Delhi to restrict use of vehicles to curb air pollution

NEW DELHI: India’s Delhi city will restrict use of vehicles for a week between Nov. 13 and 20 to curb air pollution,...

Published 06 Nov, 2023 02:53pm

Europe

Russia’s Putin to stay in power past 2024, sources say

MOSCOW: Vladimir Putin has decided to run in the March presidential election, a move that will keep him in power...

Published 06 Nov, 2023 02:46pm

Middle East

Health ministry says over 200 dead in overnight Israeli strikes on Gaza

GAZA STRIP: Intense Israeli strikes killed more than 200 people overnight in the Gaza Strip, the health ministry in...

Updated 06 Nov, 2023 02:33pm

Forex

Russian rouble edges up in light holiday trade

MOSCOW: The rouble firmed marginally in light trade on Monday as Russia celebrated a holiday, with mandatory foreign...

Published 06 Nov, 2023 01:49pm

Stocks

FTSE 100 edges up on aerospace, defence boost; economic data on tap

UK’s FTSE 100 started the week on a positive note, helped by a surge in aerospace and defence stocks, while...

Published 06 Nov, 2023 01:37pm

Stocks

European shares muted after strong week; Ryanair hits 1-month high

European shares were subdued on Monday after the benchmark index posted its biggest weekly jump since March, while...

Published 06 Nov, 2023 01:35pm

Movies & Music

Kourtney Kardashian and Travis Barker welcome first child together, reports say

Reality TV star and entrepreneur Kourtney Kardashian welcomed her first child with musician Travis Barker, media...

Published 06 Nov, 2023 01:16pm

Stocks

China and Hong Kong stocks rise on govt support, global rate cut hopes

SHANGHAI: China stocks hit two-week highs on Monday and Hong Kong shares also climbed as Beijing stepped up efforts...

Published 06 Nov, 2023 01:16pm

Sports

Liverpool ‘calm’ despite scoring struggle in draw with Luton, says Klopp

Liverpool will not hit the panic button despite their forwards being in far from their best goalscoring form against...

Published 06 Nov, 2023 01:12pm

Sports

India challenged themselves batting first in South Africa win: Jadeja

All-rounder Ravindra Jadeja said India had challenged themselves in preparation for the World Cup knockout stages by...

Published 06 Nov, 2023 01:09pm

Sports

South Africa put record mauling by India behind them

South Africa were let down by their skills in a team record 243-run loss to hosts India at the Cricket World Cup on...

Published 06 Nov, 2023 01:05pm

Mutual Funds

JGB yields track US peers lower on hopes of early Fed rate cuts

TOKYO: Japanese government bond yields fell on Monday, tracking a sharp decline in US Treasury yields on Friday when...

Published 06 Nov, 2023 01:01pm

Forex

South African rand stable after week of gains

JOHANNESBURG: The South African rand was little changed in early trade on Monday against a weaker dollar as recent...

Published 06 Nov, 2023 12:58pm

Commodities

Palm oil slips for second day on rising supply outlook

BEIJING: Malaysian palm oil futures fell for a second day on Monday, weighed by a strengthening ringgit and...

Updated 06 Nov, 2023 12:56pm

Bullion Rate

Gold slips as yields tick higher; Powell speech in focus

Gold prices slipped on Monday after a slight uptick in US bond yields and ahead of a speech by Federal Reserve Chair...

Updated 06 Nov, 2023 12:49pm

Technology

Tesla to build 25,000 euro car at German plant

BERLIN: Tesla will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the...

Published 06 Nov, 2023 12:48pm

Companies

Ryanair announces soaring profits

DUBLIN: Irish no-frills airline Ryanair on Monday announced that net profit surged 72 percent in its first half...

Published 06 Nov, 2023 12:44pm

Stocks

Tokyo stocks end sharply higher

TOKYO: Tokyo stocks ended sharply higher Monday after Wall Street rallied following slower jobs and wage growth data...

Updated 06 Nov, 2023 12:37pm

Middle East

Israel army says ‘coordinated’ with Jordan to drop medical aid into Gaza

OCCUPIED JERUSALEM: The Israeli army said Monday it had “coordinated” with Jordan to air-drop vital medical supplies...

Published 06 Nov, 2023 12:32pm

Middle East

King of Jordan confirms ‘urgent medical aid’ air-drop for Gaza

AMMAN: Jordan’s air force air-dropped vital medical supplies to a field hospital in the besieged Gaza Strip, King...

Published 06 Nov, 2023 12:26pm

Refinery sector: SIFC for assessing Sinopec’s interest

ECC also directs Petroleum Division that other interested (credible) parties should be also identified and update be shared with the Apex Council (AC) in its forthcoming meeting

Updated 06 Nov, 2023 12:04pm

Perspectives

Pakistan and its (lack of) policy implementation

Pakistan has historically been very weak in the implementation of policies. For instance, the famous ‘five-year...

Updated 06 Nov, 2023 12:03pm

Africa

More than 20 killed in Sudan after shell hits market: NGO

WAD MADANI: More than 20 people were killed Sunday after shells hit a market in a suburb of the Sudanese capital...

Published 06 Nov, 2023 11:47am

USA

UN agency chiefs join in urging Gaza ceasefire

UNITED NATIONS: The heads of all major UN agencies issued a rare joint statement Sunday expressing outrage at the...

Published 06 Nov, 2023 11:43am

Stocks

South Korean stocks surge after short-selling ban

SEOUL: South Korean stocks surged Monday after authorities imposed an eight-month ban on short selling, with...

Published 06 Nov, 2023 11:38am

Forex

Australia, NZ dollars pause after sharp rally, eyes on RBA

SYDNEY: The Australian dollar was taking a breather on Monday after last week’s steep climb, as risk sentiment...

Published 06 Nov, 2023 11:29am

Commodities

Copper holds steady as higher supply offsets dollar support

BEIJING: Prices of copper traded within a tight range on Monday, as investors weighed demand uncertainty and higher...

Published 06 Nov, 2023 11:27am

Technology

Ant Group wins approval to release AI products to Chinese public

SHANGHAI: Ant Group has received Chinese government approval to release products powered by its “Bailing” artificial...

Published 06 Nov, 2023 11:24am

Mutual Funds

India bond yields seen lower, tracking fall in US peers

MUMBAI: Indian government bond yields are likely to ease in early trading on Monday, as US yields fell after data...

Published 06 Nov, 2023 11:22am

Forex

India rupee to rally after data reaffirms Fed done with rate hikes

MUMBAI: The Indian rupee is expected to rise at open on Monday after softer-than-expected US jobs data reinforced...

Published 06 Nov, 2023 11:19am

Sports

Swiatek swats aside rival Sabalenka to reach WTA Finals title match

Poland’s Iga Swiatek knocked out rival Aryna Sabalenka 6-3 6-2 in the semi-final of the season-ending WTA Finals in...

Published 06 Nov, 2023 11:14am

Sports

Sri Lanka sacks board, appoints interim committee

Sri Lanka has dismissed the board of its cricket governing body and replaced it with an interim committee, the...

Published 06 Nov, 2023 10:54am

Business & Finance

Indonesia’s Q3 GDP weakest in 2 years

JAKARTA: Indonesia’s annual economic growth slowed more than expected in the third quarter to its weakest pace in...

Published 06 Nov, 2023 10:50am

Energy

Saudi Arabia keeps Dec Arab Light crude oil price to Asia steady from Nov

SINGAPORE: Saudi Aramco has kept its December official selling price (OSP) for its Arab Light grade for Asian...

Published 06 Nov, 2023 10:46am

Commodities

Soybeans rises for 5th session on Brazilian weather, corn firm

SINGAPORE: Chicago soybean futures climbed to a seven-week high on Monday with erratic weather in the world’s No. 1...

Published 06 Nov, 2023 10:43am

Business & Finance

Barclays sees Fed raising rate in January instead of December

Barclays said it now expects the US Federal Reserve to deliver a 25 basis point interest rate increase in January...

Published 06 Nov, 2023 10:41am

Europe

Five injured, arts museum damaged in Russian strikes on Odesa, Ukraine officials say

ODESA: Five people were injured in Odesa and one of the city’s principal art galleries was damaged in Russian...

Published 06 Nov, 2023 10:38am

South Asia

India-Canada diplomatic thaw remains remote despite visa easing

NEW DELHI/OTTAWA: Mending frayed diplomatic relations between India and Canada will be a long process after each...

Published 06 Nov, 2023 10:34am

Europe

EU weighs advancing Ukraine’s membership bid as Russia war drags on

BRUSSELS: The European Union executive is expected to recommend taking Ukraine one step closer to becoming a member...

Published 06 Nov, 2023 10:23am

Fawad sent to police remand for two days

ISLAMABAD: Former Federal Minister and former leader of Pakistan Tehreek-e-Insaf (PTI) Fawad Chaudhry on Sunday was...

Updated 06 Nov, 2023 10:19am

$3bn projects approved for flood-hit areas

Ministry of Planning, Development and Special Initiatives approves 21 development projects

Updated 06 Nov, 2023 10:17am

Europe

Russia, Ukraine give conflicting Zaporizhzhia frontline accounts

Russia and Ukraine gave clashing accounts over the weekend about what is going on along the frontline in the...

Published 06 Nov, 2023 10:15am

Forex

China’s offshore yuan nears one-month high; key economic data in focus

SHANGHAI: China’s yuan almost touched a one-month high against the dollar in offshore trading on Monday, as the...

Published 06 Nov, 2023 10:06am

Stocks

Australian shares rise on gold, healthcare boost; RBA meeting in focus

Australian shares inched higher on Monday, helped by gains in gold and healthcare stocks, after softer-than-expected...

Published 06 Nov, 2023 10:04am

Stocks

Indian shares set to open higher tracking Asian peers

BENGALURU: Indian shares are set for a strong open on Monday, tracking Asian peers as markets priced in earlier...

Published 06 Nov, 2023 10:00am

Stocks

Asia shares extend rally on hopes of early rate cuts

SYDNEY: Asian shares rallied for a fourth straight session on Monday after markets moved to price in earlier rate...

Published 06 Nov, 2023 09:58am

Forex

Asian FX, stocks surge on softer dollar, markets await China data

The South Korean won led Monday gains among Asian currencies as stocks surged, with sentiment buoyed by the dollar’s...

Published 06 Nov, 2023 09:55am

Forex

Dollar steady but remains vulnerable after Fed steer

SINGAPORE: Major global currencies were steady early on Monday but seemed poised to extend last week’s uptrend as...

Published 06 Nov, 2023 09:53am

Net-metering consumers: Discos asked to approach FBR for tax applicability issues

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has directed Power Distribution Companies (Discos)...

Updated 06 Nov, 2023 09:17am

Pakistan

Polling stations: ECP mulling deploying private teachers

ISLAMABAD: The Election Commission of Pakistan (ECP) is considering taking services of private teachers and setting...

Updated 06 Nov, 2023 09:16am

Fazl meets Hamas chief in Qatar

DOHA: Jamiat Ulema-e-Islam Fazl (JUI-F) Chief Maulana Fazlur Rehman has called on the leaders of Hamas in Qatar....

Updated 06 Nov, 2023 08:38am

Biden trails Trump in key states ahead of 2024 election: poll

WASHINGTON: Exactly one year out from the US presidential election, incumbent Joe Biden finds himself trailing...

Updated 06 Nov, 2023 08:37am

Thousands of Afghans forcibly returned from Pakistan, claims Kabul

KABUL: Thousands of Afghans living in Pakistan have been forcibly returned to their country since November 1 “in...

Updated 06 Nov, 2023 08:36am

BR’s refresher: your morning briefing for the day

Important updates from November 4 and November 5, 2023

Published 06 Nov, 2023 08:35am

$26m dispute: PIACL reaches out-of-court settlement with AACL

ISLAMABAD: Pakistan International Airlines Corporation Limited (PIACL) is said to have reached out-of-court...

Updated 06 Nov, 2023 08:35am

Private medical colleges: FTO directs FBR to probe tax matters

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to obtain information of...

Updated 06 Nov, 2023 08:35am

Abbas presses US to secure Gaza ceasefire

GAZA/RAMALLAH: Efforts were under way on Sunday to resume evacuations of injured Gazans and foreign nationals...

Updated 06 Nov, 2023 08:34am

World

Qatar says Gaza hostage releases need ‘period of calm’

DOHA: Qatar’s foreign ministry said on Sunday that without a “period of calm” in Gaza its mediators would not...

Updated 06 Nov, 2023 06:45am

Industry

FCCI making efforts to solve problems facing traders: Tariq

FAISALABAD: Faisalabad Chamber of Commerce & Industry (FCCI) is making strenuous efforts to resolve the problems...

Updated 06 Nov, 2023 06:37am

BR Research

Cotton: wither Punjab miracle?

It’s official. According to a news report by this paper over the weekend, ginning factories across the country saw...

Published 06 Nov, 2023 06:33am

BR Research

Lucky break!

Demand in the cement industry has taken a rather unexpected turn amid the economic quagmire the country has been...

Published 06 Nov, 2023 06:29am

BR Research

Matco Foods Limited

Matco Foods Limited (PSX: MFL) was established as Matco Rice Processing Private Limited in 1964. The company was...

Published 06 Nov, 2023 06:28am

Opinion

Crisis is the moment for home-grown solutions

Containment of fiscal deficit should be and is the first priority. In this respect extensive data released on Q1...

Updated 06 Nov, 2023 06:11am

Opinion

Next IMF programme is not going to be easy

The IMF review is ongoing, and it’s likely to sail through, as all the quantitative targets have been met. The...

Updated 06 Nov, 2023 06:06am

Opinion

Output: uptick, downtick or ...

This is the first of a two-part series focusing on the significant divergence in calculation of Gross Domestic...

Updated 06 Nov, 2023 06:03am

Editorials

Finally, an election date ‘carved in stone’

EDITORIAL: The state of uncertainly about general elections is finally over with the Election Commission of Pakistan...

Updated 06 Nov, 2023 06:01am

Editorials

Gas price hike: work doesn’t end here

EDITORIAL: After long deliberations and numerous announcements of intent, gas prices have finally increased. ...

Updated 06 Nov, 2023 06:00am

World

Blinken says Gazans must not be ‘forcibly displaced’

RAMALLAH: US Secretary of State Antony Blinken said Gazans “must not be forcibly displaced”, speaking on a...