News Archives for Latest - 2023-11-07

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Archive - 2023-11-07

Pakistan

Prime Minister Kakar to attend ECO summit in Tashkent: FO

Caretaker Prime Minister Anwaar-ul-Haq Kakar will depart for Tashkent, Uzbekistan on Wednesday to attend the...

Published 07 Nov, 2023 11:34pm

Cricket

Maxwell hits epic double century as Australia break Afghanistan hearts

MUMBAI: Glenn Maxwell’s stunning 201 not out guided Australia into the semi-finals of the World Cup as the five-time...

Updated 07 Nov, 2023 11:17pm

Pakistan

Emergency measures ordered to control Congo fever

LAHORE: Provincial Minister for Livestock & Dairy Development Ibrahim Hasan Murad has directed high-ups of the...

Updated 07 Nov, 2023 11:11pm

Pakistan

Punjab govt declares four-day holiday as smog wave worsens

Chief minister says Lahore now the 'worst smog-hit city' in the world

Updated 07 Nov, 2023 11:10pm

Pakistan

Two policemen martyred in terrorist attack in DI Khan

At least two policemen were martyred on Tuesday while three others injured after terrorists attacked a gas and oil...

Updated 07 Nov, 2023 11:08pm

Forex

Inter-bank: rupee continues to weaken, falls for 12th successive session

Currency depreciates 0.38% to settle at 286.39 against US dollar

Updated 07 Nov, 2023 11:07pm

Business & Finance

SIFC makes investment pitch in Dubai to highlight Pakistan’s ‘latent potential’

Investment roadshow is 'first of its kind in country's history to mobilise foreign investments at global stage', says SIFC

Updated 07 Nov, 2023 11:04pm

Middle East

Israel says troops push into ‘heart of Gaza City’

It has been one full month of carnage, of incessant suffering, bloodshed, destruction, outrage, and despair, says UN Human Rights Commissioner Volcker Turk

Updated 07 Nov, 2023 11:02pm

World

Mexico rules out severing ties with Israel over Gaza, calls for peace

MEXICO CITY: Mexico's leftist president Andres Manuel Lopez Obrador on Tuesday ruled out breaking diplomatic...

Published 07 Nov, 2023 10:51pm

South Asia

Seven dead in Afghan capital bus explosion: police

KABUL: Seven people died and 20 others were injured in a bus explosion in the Afghan capital on Tuesday, police ...

Published 07 Nov, 2023 10:42pm

Stocks

After hitting record high, profit-taking erases KSE-100 gains

After hitting a record intra-day high, profit-taking erased gains at the Pakistan Stock Exchange (PSX) as the...

Updated 07 Nov, 2023 10:42pm

Pakistan

PML-N, MQM-P to contest general elections together

Muttahida Qaumi Movement-Pakistan delegation calls on Nawaz Sharif in Lahore

Updated 07 Nov, 2023 10:40pm

World

Dead children in Gaza war is world's 'moral failing': Red Cross

GENEVA: A month after the war between Israel and Hamas erupted, the Red Cross demanded Tuesday an end to the ...

Published 07 Nov, 2023 10:35pm

Europe

Shelling kills six in Russian occupied city: Moscow

MOSCOW: Ukrainian shelling killed six people and wounded nearly a dozen in the eastern city of Donetsk which is ...

Published 07 Nov, 2023 10:24pm

Pakistan

US does not have assessment on candidates for elections in Pakistan: State Dept

US State Department Spokesperson Vedant Patel says Washington supports 'free and fair elections that are conducted in a way for the benefit of the Pakistani people'

Updated 07 Nov, 2023 10:24pm

Industry

EDB invites mobile phone makers for policy consultation

The Engineering Development Board (EDB) has called authorised mobile phone manufacturers on November 10 for...

Published 07 Nov, 2023 08:21pm

Stocks

Gulf markets end mixed; Qatar snaps 7-day winning streak

Stock markets in the Gulf ended mixed on Tuesday as investor enthusiasm about a peak in global interest rates faded,...

Published 07 Nov, 2023 07:33pm

Stocks

Wall St eyes subdued open as rate cut optimism wanes

Wall Street’s main indexes were set for a subdued open on Tuesday as optimism over potential rate cuts from the...

Published 07 Nov, 2023 07:23pm

Energy

Oil prices at 2-1/2 month lows as China data offset supply cuts

LONDON: Oil prices hit fresh 2-1/2-month lows on Tuesday as mixed economic data from China offset the impact of...

Updated 07 Nov, 2023 07:18pm

Europe

Turkish parliament removes brands from menu over alleged Israel support

ANKARA: Turkiye’s parliament removed Coca Cola and Nestle products from its restaurants on Tuesday over their...

Published 07 Nov, 2023 07:06pm

Companies

Honda Atlas Cars extends plant shutdown

Honda Atlas Cars (Pakistan) Limited, a subsidiary of Honda Motor Co., Ltd., Japan, on Tuesday announced a temporary...

Updated 07 Nov, 2023 07:00pm

Europe

Ukraine says bolstered air defence for winter attacks

KYIV: President Volodymyr Zelensky said Tuesday that Ukraine had deployed more Western air defence systems, as it...

Published 07 Nov, 2023 06:37pm

Stocks

Indian shares take a pause after a three-day rally

BENGALURU: Indian shares closed almost flat on Tuesday after a three-day rally, tracking a drop in Asian peers after...

Published 07 Nov, 2023 06:24pm

Financial

Open-market: rupee edges lower against US dollar

The Pakistani rupee continued to slip lower against the US dollar in the open market on Tuesday, while the local...

Updated 07 Nov, 2023 06:12pm

Stocks

Sri Lankan shares end higher as financials, consumer staples gain

CSE All Share index settled up 0.74% at 10,871.81

Published 07 Nov, 2023 06:11pm

Commodities

Malaysian palm oil declines on rising supply outlook

SINGAPORE: Malaysian palm oil futures closed lower on Tuesday for the third consecutive session, as prospects of...

Published 07 Nov, 2023 06:02pm

USA

Climate change: reducing emissions isn’t enough, world needs to decarbonise as well, says Zoe Lofgren

The world is doing worse than scientists predicted as climate change disruption is inevitable unless countries are...

Published 07 Nov, 2023 05:55pm

Middle East

Israel central bank sold $8.2bn of forex in Oct, FX reserves dip to $191.2bn

JERUSALEM: The Bank of Israel sold $8.2 billion of foreign currency in October, helping to push its forex reserves...

Published 07 Nov, 2023 05:28pm

Bullion Rate

Gold price per tola down Rs200 in Pakistan

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

Published 07 Nov, 2023 04:27pm

Movies & Music

Fake Bollywood video highlights AI worries in India

NEW DELHI: A fake video of a Bollywood actor purporting to show her wearing a low-cut top has triggered calls for AI...

Published 07 Nov, 2023 04:17pm

Energy

OPEC+ sees healthy growing global economy

LONDON: The Organization of the Petroleum Exporting Countries and allies (OPEC+) believe the global economy is...

Published 07 Nov, 2023 04:00pm

Business & Finance

IMF to increase Kenya programme by $650mn

NAIROBI: The International Monetary Fund (IMF) has agreed to increase Kenya’s lending programme by $650 million, the...

Published 07 Nov, 2023 03:58pm

Europe

EU condemns killing of Georgian civilian by Russian troops

BRUSSELS: The European Union on Tuesday slammed the fatal shooting of a Georgian civilian by Russian troops near the...

Published 07 Nov, 2023 03:55pm

South Asia

Bus torched as Bangladesh set to declare new minimum wage

DHAKA: Police fired tear gas at thousands of workers who set a bus on fire outside Bangladesh’s capital Tuesday,...

Updated 07 Nov, 2023 03:47pm

Forex

Sterling falls versus dollar, focus on economic data, BoE

Sterling dropped against a strengthening US dollar on Tuesday, with investors closely watching economic data and...

Published 07 Nov, 2023 03:13pm

South Asia

India’s top court tells states to stop crop burning as New Delhi’s air turns hazardous

NEW DELHI: India’s Supreme Court ordered authorities in the states surrounding New Delhi on Tuesday to stop farmers...

Published 07 Nov, 2023 02:56pm

Forex

Russian rouble down slightly amid oil price decline

The Russian rouble opened down slightly on Tuesday, hurt by declining prices for oil, the country’s key export. In a...

Published 07 Nov, 2023 02:51pm

Europe

Kremlin calls for ‘humanitarian pauses’ to allow aid into Gaza

MOSCOW: The Kremlin called on Tuesday for “humanitarian pauses” during Israel’s military operation in the Gaza...

Published 07 Nov, 2023 02:48pm

Companies

Singapore Airlines posts 55% rise in half-year profit

Singapore Airlines on Tuesday posted a 55.4% rise in half-year profit on the back of robust demand for travel....

Published 07 Nov, 2023 02:46pm

Sports

Bangladesh captain Shakib ruled out of final World Cup game

Bangladesh captain Shakib Al Hasan will miss his team’s final World Cup match after fracturing his finger during...

Published 07 Nov, 2023 02:43pm

Sports

Five controversies involving Bangladesh’s Shakib Al Hasan

NEW DELHI: Bangladesh captain Shakib Al Hasan has ignited a new debate over the spirit of cricket after Sri Lanka’s...

Published 07 Nov, 2023 02:37pm

Companies

Sitara Peroxide extends shutdown for 30 days

Chemical manufacturer Sitara Peroxide Limited (SPL) announced on Tuesday it is extending its plant suspension by...

Published 07 Nov, 2023 02:33pm

Movies & Music

‘The Crown’ coaches share how actors portray the royals

LONDON: With the final season of ‘The Crown’ about to launch, focusing on Princess Diana’s final days in the early...

Published 07 Nov, 2023 02:15pm

Stocks

London stocks open higher as personal goods sector gains

British equities edged higher on Tuesday lifted by a surge in the personal goods sector, while investors assessed...

Published 07 Nov, 2023 02:05pm

Middle East

UAE to set up 150-bed field hospital in Gaza: official media

DUBAI: The United Arab Emirates is to set up a field hospital in the Gaza Strip, official media said after the...

Published 07 Nov, 2023 02:00pm

Business & Finance

UBS posts bigger loss than expected as it absorbs Credit Suisse

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

Published 07 Nov, 2023 01:52pm

Sports

Sri Lanka court restores sacked cricket board

COLOMBO: Sri Lanka’s Court of Appeal quashed the sports minister’s decision to sack the country’s crisis-ridden...

Published 07 Nov, 2023 01:47pm

Stocks

European stock markets drop at open

LONDON: European stock markets fell at the start of trading on Tuesday as a rally on hopes of an end to global...

Published 07 Nov, 2023 01:42pm

Business & Finance

IMF raises China 2023 growth forecast to 5.4%

BEIJING: The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing...

Published 07 Nov, 2023 01:40pm

Movies & Music

Actors’ union says no agreement on studios’ ‘final’ offer

LOS ANGELES: The union representing striking actors said Monday it could not agree to studios’ “last, best and final...

Published 07 Nov, 2023 01:37pm

Sports

New Zealand name five spin bowlers for Bangladesh Tests

WELLINGTON: New Zealand on Tuesday selected five spin bowlers to tackle the turning wickets expected in Bangladesh...

Published 07 Nov, 2023 12:28pm

Sports

Postecoglou blasts VAR after nine-man Spurs beaten by Chelsea

LONDON: Ange Postecoglou admitted he does not like VAR as the Tottenham boss blasted the replay system’s influence...

Published 07 Nov, 2023 12:11pm

Stocks

Hong Kong stocks drop at open

HONG KONG: Hong Kong stocks opened lower Tuesday morning as profit-takers moved in after a three-day rally worth...

Published 07 Nov, 2023 12:04pm

Asia

Blinken in Japan for Gaza-dominated G7 meet

TOKYO: US Secretary of State Antony Blinken arrived in Japan on Tuesday for a meeting of G7 foreign ministers set to...

Published 07 Nov, 2023 11:55am

Energy

Saudi Aramco profits down 23 percent in third quarter: statement

RIYADH: Energy giant Saudi Aramco on Tuesday posted a 23-percent year-on-year drop in profits for the third quarter,...

Published 07 Nov, 2023 11:47am

South Asia

Indian states vote in key test for Modi and rivals ahead of 2024 general election

NEW DELHI: Two of five Indian states due to elect new legislatures this month began voting on Tuesday, a big test of...

Published 07 Nov, 2023 11:34am

Middle East

Israel says it is open to Gaza fighting pauses for aid, hostages

GAZA/OCCUPIED JERUSALEM: Prime Minister Benjamin Netanyahu said Israel would consider “tactical little pauses” in...

Updated 07 Nov, 2023 11:30am

Europe

Russia says destroys 17 Ukraine-launched drones over Black Sea, Crimea

Russia’s air defence systems destroyed and intercepted a total of 17 Ukraine-launched drones early on Tuesday over...

Published 07 Nov, 2023 11:26am

Europe

Russia formally withdraws from key post-Cold War European armed forces treaty

Russia formally withdrew on Tuesday from a key post-Cold War security treaty designed to de-escalate potential...

Published 07 Nov, 2023 11:18am

Commodities

Indonesia plans to set 2024 rice import quota at 2mn metric tons

JAKARTA: Indonesia plans to set next year’s rice import quota at 2 million metric tons, the country’s state food...

Published 07 Nov, 2023 11:14am

Asia

Indonesia says Gaza hospital for Palestinians after Israel accusations

JAKARTA: Indonesia’s foreign ministry said on Tuesday that the purpose of the Indonesia Hospital in Gaza was to...

Published 07 Nov, 2023 11:11am

Sports

Swiatek avoids rankings distraction and focuses on the right stuff

WTA Finals champion Iga Swiatek said the poor playing conditions in Cancun forced her to focus on her game instead...

Published 07 Nov, 2023 11:07am

Stocks

Asia stocks snap winning streak, Aussie slips

SINGAPORE: Asian stocks snapped a three-day winning streak on Tuesday, falling with mixed Chinese trade data and...

Published 07 Nov, 2023 11:05am

Energy

Japan says sanctions on Russia will affect LNG project

TOKYO: US sanctions will have an impact on the Arctic LNG 2 project in Russia in which Japanese shareholders hold a...

Published 07 Nov, 2023 11:02am

Stocks

China stocks fall as recovery, global rate concerns weigh

SHANGHAI: Chinese stocks fell on Tuesday, as fresh trade data underscored an uneven economic recovery, with the...

Published 07 Nov, 2023 11:00am

Commodities

China’s October copper imports hit 10-month high as inventories fall

BEIJING: China’s copper imports hit a ten-month high in October, customs data showed on Tuesday, as declining...

Published 07 Nov, 2023 10:58am

Forex

China’s yuan eases after mixed Oct trade data

SHANGHAI: China’s yuan eased against the dollar on Tuesday, as mixed trade data reinforced market perceptions of a...

Published 07 Nov, 2023 10:55am

Mutual Funds

India bond yields flat ahead of states’ debt auction; US peers eyed

MUMBAI: Indian government bond yields were steady in early trade on Tuesday as market participants turned their...

Published 07 Nov, 2023 10:53am

Asia

G7 support for Ukraine will not waver due to Middle East conflict, Japan says

TOKYO: G7 support for Ukraine in its war with Russia will not be affected by the intensifying Middle East conflict,...

Published 07 Nov, 2023 10:51am

Asia

China, Australia to restart annual meetings as trade resumes

BEIJING/SYDNEY: Australia’s Prime Minister Anthony Albanese met Chinese Premier Li Qiang in Beijing on Tuesday, in...

Published 07 Nov, 2023 10:46am

Commodities

China Oct soybean imports surge 25% y/y on strong Brazilian arrivals

BEIJING: China imported 5.16 million metric tons of soybeans in October, customs data showed on Monday, a 25% surge...

Published 07 Nov, 2023 10:41am

Mutual Funds

Benchmark JGB 10-year yield ticks up, mirroring US peers

TOKYO: The benchmark 10-year Japanese government bond (JGB) yield inched up on Tuesday, tracking a rise in US...

Published 07 Nov, 2023 10:39am

Companies

GM to halt production of Cruise driverless van

General Motors said Monday it plans to temporarily halt production of its fully autonomous Cruise Origin van just...

Published 07 Nov, 2023 10:37am

Forex

Australian dollar slips as RBA delivers a dovish rate hike

SYDNEY: The Australian dollar retreated on Tuesday after the country’s central bank hiked interest rates as many had...

Published 07 Nov, 2023 10:35am

Forex

India rupee down in line with Asian peers, premiums retreat

MUMBAI: The Indian rupee fell slightly on Tuesday after the US dollar recouped a small part of its recent losses,...

Published 07 Nov, 2023 10:20am

Commodities

Palm oil gains on weaker ringgit, rising Chinese demand

SINGAPORE: Malaysian palm oil futures rose on Tuesday after two sessions of losses, buoyed by a weaker ringgit and...

Published 07 Nov, 2023 10:18am

Commodities

China Oct iron ore imports fall on thinning margins, wider steel production cuts

BEIJING: China’s iron ore imports in October fell 1.8% from September, customs data showed on Tuesday, as narrowing...

Published 07 Nov, 2023 10:15am

Technology

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

WeWork, the SoftBank Group -backed startup whose meteoric rise and fall reshaped the office sector globally, sought...

Published 07 Nov, 2023 10:13am

Bullion Rate

Gold slips as dollar firms, Powell speech eyed for cues on rates

Gold prices eased to a near one-week low on Tuesday as the dollar firmed and safe-haven demand slowed, while...

Published 07 Nov, 2023 10:10am

Stocks

Japan’s Nikkei falls after sharp gains, Treasury yields rise weighs

TOKYO: Japan’s Nikkei share average fell on Tuesday as investors sold stocks to lock in profits after a sharp rally,...

Published 07 Nov, 2023 10:02am

Stocks

Australia shares snap five-day rally on hawkish RBA concerns

Australian shares fell on Tuesday dragged lower by financial and gold stocks, as investors priced in a high...

Published 07 Nov, 2023 10:00am

Centre doubts ability of provinces to run Discos credibly

Power Division has been directed to move a summary to scrap the decision regarding provincialisation of power Distribution Companies

Updated 07 Nov, 2023 09:59am

Stocks

Indian shares set to open marginally higher

BENGALURU: Indian shares are set to extend gains on Tuesday after rising for three sessions in a row, following the...

Published 07 Nov, 2023 09:58am

Forex

Dollar steady as risk rally eases, RBA in focus

SINGAPORE: The dollar was steady on Tuesday, holding overnight gains as investors took a breather from a risk rally,...

Published 07 Nov, 2023 09:56am

Import of urea exempted from PPRA Rules

ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) is said to have exempted procurement of 0.2 million...

Updated 07 Nov, 2023 09:55am

Energy

China refiners cut oil output as thin margins, quota shortage bite

SINGAPORE: China’s oil refinery utilisation rates are easing from record third-quarter levels as thinning margins...

Published 07 Nov, 2023 09:52am

Land for housing society: MDA tells SC it has no objection to amounts deposited by BTLK with Sindh govt

ISLAMABAD: Malir Development Authority (MDA) has informed the Supreme Court that it has no objection to the amounts...

Updated 07 Nov, 2023 09:46am

$209m EDEIP: World Bank rates implementation progress as moderately satisfactory

ISLAMABAD: The World Bank has rated the implementation progress of the “Electricity Distribution Efficiency...

Updated 07 Nov, 2023 09:43am

Govt determined to give Ogra more teeth

ISLAMABAD: The federal government has directed Petroleum Division to prepare a policy paper for amendments to OGRA...

Updated 07 Nov, 2023 09:42am

APCEA, PCI launch report on ‘10 years of CPEC’

ISLAMABAD: Caretaker Minister for Information and Broadcasting Murtaza Solangi highlighted the growing depth of...

Updated 07 Nov, 2023 09:40am

Tax experts explain how FBR implements orders issued by courts

ISLAMABAD: Tax experts have alleged that the Federal Board of Revenue (FBR) implements court orders in favour of the...

Updated 07 Nov, 2023 09:18am

Sindh CM urges PM to remove impediments to 5 major projects

KARACHI: Caretaker Chief Minister Sindh, former Justice Maqbool Baqar in his meeting with Prime Minister...

Updated 07 Nov, 2023 09:17am

WHO, Pakistan sign MoU on health sector

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar witnessed the memorandum of understandings (MoU) signing...

Updated 07 Nov, 2023 09:16am

Cabinet likely to discuss factors assisting privatisation

ISLAMABAD: Federal cabinet is expected to deliberate on the factors that would assist in the determination of...

Updated 07 Nov, 2023 09:15am

CASA-1000 likely to be discussed at IGC in Kyrgyzstan

ISLAMABAD: The much delayed Central Asia South Asia Electricity Transmission and Trade (CASA-1000) project is likely...

Updated 07 Nov, 2023 09:14am

BR Research

Forward export hangover

The currency is under pressure again. There is dip-by-dip depreciation every day. It has depreciated by 2.9 percent...

Published 07 Nov, 2023 08:37am

BR’s refresher: your morning briefing for the day

Important updates from November 6, 2023

Published 07 Nov, 2023 08:31am

BR Research

Pakistan’s state of statistics: SBP’s timely call

“The current state of timeliness…of statistics does not bode well for reform outcomes, policy diagnosis, investment...

Published 07 Nov, 2023 08:25am

BR Research

Mari Petroleum Company Limited

By operating the country’s largest gas reservoir at Mari Gas Field, Daharki, Sindh, Mari Petroleum Company Limited...

Published 07 Nov, 2023 08:22am

Opinion

SBP projections for 2023-24

The Annual Report for 2022-23 on the State of the Economy by the SBP has been released recently. Along with a...

Published 07 Nov, 2023 07:02am

Letters

‘The profundity of a level playing field’

This is apropos a letter to the Editor “The profundity of a level playing field” carried by the newspaper...

Published 07 Nov, 2023 07:10am

Opinion

Power tariff – a flawed business model

Power tariffs have recently been in the limelight – not for any other issue but for unaffordability of the same....

Published 07 Nov, 2023 07:07am

Editorials

Illegal immigrants

EDITORIAL: Human rights outfits and aid agencies who are up in arms about the government’s decision to expel all...

Published 07 Nov, 2023 06:56am

Editorials

Privatisation: tread the path with care

EDITORIAL: The Caretaker government has reportedly assigned Pakistan Institute of Management (PIM) to re-evaluate ...

Published 07 Nov, 2023 06:54am

World

Putin to stay in power past 2024?

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