News Archives for Latest - 2023-11-08

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World

Israel says premature to predict future of post-war Gaza

JERUSALEM: The Israeli government said Wednesday it is too early to predict scenarios for governance of the Gaza...

Published 08 Nov, 2023 11:21pm

Europe

Ukraine says Russia struck civilian ship entering port in Odesa region

KYIV: Ukraine said Wednesday Russia fired a missile at a civilian ship entering a port in the Black Sea region of...

Published 08 Nov, 2023 11:13pm

World

UN chief says Gaza deaths show something 'wrong' with Israel operation

NEW YORK: United Nations Secretary-General Antonio Guterres said on Wednesday that the number of civilians killed in...

Published 08 Nov, 2023 11:05pm

Forex

Open-market: rupee unchanged against US dollar

The Pakistani rupee remained stable against the US dollar in the open market on Wednesday, while the local currency...

Updated 08 Nov, 2023 11:00pm

Business & Economy

Reko-Diq Project: Pakistan hopeful of reaching deal with Saudi Arabia by December, says Kakar

Interim prime minister avoids commenting on sharing details of the commercial deal

Updated 08 Nov, 2023 10:57pm

Pakistan

Terror incidents in Pakistan up 60% since Afghan interim govt came to power: caretaker PM

Kakar says this is the reason that the government decided to repatriate illegal foreign nationals from November 1

Updated 08 Nov, 2023 10:45pm

Luxury

Greens see red over giant Paris billboards

PARIS: Does beauty lie in the eye of the consumer? That may be the impression many tourists have of Paris, where a...

Published 08 Nov, 2023 10:35pm

Pakistan

President Alvi conveys PTI’s concerns of political victimisation to PM Kakar

President Dr Arif Alvi on Wednesday conveyed Pakistan Tehreek-e-Insaf’s (PTI) concerns on erosion of fundamental...

Updated 08 Nov, 2023 10:30pm

Stocks

Bullish run continues at PSX, KSE-100 gains over 525 points

Bullish run continued at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index settled at a new historic...

Updated 08 Nov, 2023 10:15pm

Pakistan

PM Kakar arrives in Tashkent to attend two-day ECO Summit

Premier will reaffirm Pakistan’s commitment to ECO Vision 2025 at the summit

Updated 08 Nov, 2023 09:56pm

Middle East

Despite mounting calls for ceasefire, Israel's aggression into Gaza continues

GAZA STRIP: Despite mounting calls for a ceasefire, Israel’s aggression against Hamas ground into its second month...

Updated 08 Nov, 2023 09:55pm

Thousands of civilians flee north Gaza as Israeli troops and Hamas fighters battle

UN says Gaza’s health system is close to collapse, battered by air strikes, flooded with patients, and running out of medicines and fuel

Published 08 Nov, 2023 09:54pm

Cricket

Ton-up Stokes stars as England stop rot against the Netherlands

PUNE: Ben Stokes’ maiden World Cup hundred set-up a 160-run win for England over the Netherlands in Pune on...

Updated 08 Nov, 2023 09:46pm

Pakistan

Fawad Chaudhry sent on 14-day judicial remand

Says there is a need for dialogue among all the political parties

Updated 08 Nov, 2023 09:42pm

Stocks

TSX subdued as drop in energy shares offset upbeat earnings gains

Canada’s main stock index was muted on Wednesday, as gains from upbeat earning results were offset by an over 1%...

Published 08 Nov, 2023 09:17pm

Business & Finance

US lends $553mn for deep-sea terminal in Sri Lanka

COLOMBO: The United States will lend more than $550 million for an Indian-led deep-sea container terminal in Sri...

Updated 08 Nov, 2023 09:12pm

Companies

PC initiates privatisation process of PECO

The Privatisation Commission (PC) has initiated the initiated the privatization process of Pakistan Engineering...

Updated 08 Nov, 2023 08:58pm

South Asia

US urges Bangladesh to revisit wage decision after deadly protests

WASHINGTON: The United States called Wednesday on Bangladesh to revisit its recent minimum wage decision and to...

Published 08 Nov, 2023 08:48pm

Middle East

War on Hamas is ‘war of the free world’: Israeli FM

BRUSSELS: Israel’s war to wipe out Hamas in Gaza is “the war of the free world”, Israeli Foreign Minister Eli Cohen...

Published 08 Nov, 2023 08:41pm

Energy

Oil sputters near three-month lows as demand concerns mount

Oil prices slid more than $1 on Wednesday to their lowest in more than three months on concern over waning demand in...

Updated 08 Nov, 2023 07:17pm

Stocks

Futures inch higher in run-up to Powell’s speech

US stock index futures edged up on Wednesday as investors awaited Federal Reserve Chair Jerome Powell’s speech at a...

Published 08 Nov, 2023 07:08pm

Forex

Inter-bank: rupee continues to fall, declines for 13th consecutive session

Currency depreciates 0.18% to settle at 286.90 against US dollar

Updated 08 Nov, 2023 06:16pm

Europe

Zelensky says EU membership talks recommendation ‘right step’ for Ukraine, Europe

KYIV: Ukraine’s President Volodymyr Zelensky said Wednesday that the European Commission’s recommendation to open...

Published 08 Nov, 2023 06:15pm

Stocks

Sri Lanka shares end at one-month high as financials, industrials gain

CSE All Share index settled up 0.6% at 10,938.05

Published 08 Nov, 2023 05:45pm

Europe

Putin, hosting top Chinese general, says Russia, China are boosting military cooperation

MOSCOW: Military co-operation between Russia and China is becoming increasingly important but they do not intend to...

Published 08 Nov, 2023 05:32pm

Cricket

Cricket World Cup semi-final qualification scenarios

NEW DELHI: New Zealand, Afghanistan and Pakistan remain in the race for the final spot in the World Cup semi-finals...

Published 08 Nov, 2023 05:31pm

Luxury

Picasso, Monet and a Ferrari - New York auction houses eye monster sales

NEW YORK: A $120 million Picasso, a $40 million Monet and even a $60 million Ferrari: New York’s major auction...

Updated 08 Nov, 2023 05:17pm

Bullion Rate

Gold price per tola increases Rs200 in Pakistan

Gold prices in Pakistan slightly increased on Wednesday, with per tola rate of the yellow metal witnessing a gain of...

Published 08 Nov, 2023 04:47pm

Energy

Russia cuts gasoline, diesel output in October

MOSCOW: Russian oil refineries reduced crude oil processing volumes in October from September by around 1.2% on a...

Published 08 Nov, 2023 04:38pm

Europe

Britain targets Russian gold, oil sectors in new sanctions

LONDON: Britain on Wednesday imposed sanctions on 29 individuals and entities in Russia’s gold and oil sectors, as...

Published 08 Nov, 2023 04:33pm

Stocks

Energy stocks boost Indian blue-chips; financials, IT cap gains

BENGALURU: Indian shares ended higher on Wednesday, helped by stronger energy stocks on the back of falling oil...

Published 08 Nov, 2023 04:29pm

Commodities

Palm oil gains amid robust China imports, weak crude oil prices weigh

SINGAPORE: Malaysian palm oil futures rose on Tuesday, driven by robust imports by China and signs of strong demand,...

Published 08 Nov, 2023 04:27pm

Movies & Music

Matthew Perry refused to let Chandler cheat on Monica: ‘Friends’ actor

Lisa Cash, who made guest appearance during Season 5, says Perry believed fans would never 'forgive him'

Published 08 Nov, 2023 04:03pm

Technology

TikTok owner ByteDance offers to buy back shares from staff at $160 apiece

SHANGHAI/HONG KONG: China’s ByteDance, the parent of short video app TikTok, is offering to buy back shares from its...

Published 08 Nov, 2023 03:31pm

South Asia

Top US officials Blinken, Austin to visit India for Indo-Pacific talks

NEW DELHI/WASHINGTON: US Secretary of State Antony Blinken and Defence Secretary Lloyd Austin will hold talks with...

Published 08 Nov, 2023 03:27pm

Luxury

Top UK Rolex retailer plans to double sales by 2028

Watches of Switzerland, seller of Rolex, Piguet and Cartier, outlined plans to more than double its annual profits...

Published 08 Nov, 2023 03:26pm

Business & Finance

Burger King’s India operator posts narrower Q2 loss on menu and store expansion

BENGALURU: Restaurant Brands Asia , the franchisee of Burger King India, reported a narrower quarterly loss on...

Published 08 Nov, 2023 03:14pm

Middle East

IS attacks kill 30 pro-government forces in Syria: monitor

BEIRUT: Islamic State group attacks killed at least 30 pro-government forces and soldiers in the Syrian desert, a...

Published 08 Nov, 2023 03:11pm

Companies

Pak Suzuki announces yet another shutdown of automobile plant

Pak Suzuki Motor Company (PSMC) on Wednesday announced another temporary shutdown of its automobile plant amid...

Updated 08 Nov, 2023 03:05pm

Stocks

London stocks weighed down by life insurers; M&S shines

UK shares opened lower on Wednesday, hurt by a slide in life insurers, while investors await comments from Bank of...

Published 08 Nov, 2023 02:14pm

Forex

Russian rouble stable amid lower oil prices

The Russian rouble was stable on Wednesday, shrugging off the impact of a sharp decrease in oil prices earlier in...

Published 08 Nov, 2023 02:12pm

Europe

Russia’s Shoigu meets top Chinese military official for second time in 10 days

MOSCOW: Russian Defence Minister Sergei Shoigu held talks in Moscow on Wednesday with a senior Chinese military...

Published 08 Nov, 2023 02:10pm

Stocks

Most major Gulf markets track Asian shares lower

Most major stock markets in the Gulf fell in early trade on Wednesday tracking Asian shares lower as markets weighed...

Published 08 Nov, 2023 02:08pm

Asia

G7 ‘strongly condemns’ North Korean arms transfers to Russia: Japan

TOKYO: G7 foreign ministers on Wednesday “strongly condemned” North Korean arms transfers to Russia, Japan said...

Published 08 Nov, 2023 02:04pm

Asia

Saudi Arabia says will host Arab and Islamic summits to discuss Gaza conflict

In the short term, the objective of bringing these three summits and other gatherings under the leadership of Saudi Arabia would be to drive towards peaceful resolution of the conflict, says Saudi investment minister Khalid Al-Falih

Updated 08 Nov, 2023 01:50pm

South Asia

UN rights chief urges Bangladesh to let opposition leader leave

DHAKA: The UN rights chief Volker Turk has urged Bangladesh Prime Minister Sheikh Hasina to release main opposition...

Published 08 Nov, 2023 01:38pm

South Asia

Global fashion factories in Bangladesh resigned to slimmer margins ahead of wage hike

DHAKA/NEW DELHI: Several clothing factory owners in global fashion manufacturing hub Bangladesh are asking clients...

Updated 08 Nov, 2023 01:36pm

Stocks

Hong Kong stocks finish with another loss

HONG KONG: Hong Kong stocks ended with a second straight loss Wednesday as traders await clues from the Federal...

Published 08 Nov, 2023 01:33pm

Stocks

Europe markets sag at open

LONDON: European stock markets dipped at the start of trading on Wednesday after Asian losses, as traders awaited...

Published 08 Nov, 2023 01:30pm

Companies

Citi Pharma signs manufacturing contract with Martin Dow Marker

Citi Pharma Limited (CPHL) has signed a manufacturing contract with Martin Dow Marker Limited to produce ‘WINTIGENO’...

Published 08 Nov, 2023 01:30pm

Pakistan attracted $16bn in visitor spending in 2022: World Bank

ISLAMABAD: Pakistan attracted $16 billion in visitor spending in 2022 which is projected to touch $30 billion in...

Updated 08 Nov, 2023 01:24pm

Pakistan

Pollution forces city-wide closures of businesses, schools in eastern Pakistan

LAHORE: Heavy pollution-fuelled smog forced authorities to close schools and markets this week in Pakistan’s most...

Published 08 Nov, 2023 01:24pm

Luxury

Vivid blue diamond sells for nearly $44mn at Christie’s auction

GENEVA: The largest internally flawless fancy vivid blue diamond ever put up for auction sold for a staggering $43.8...

Published 08 Nov, 2023 01:23pm

Forex

South African rand slips ahead of Fed Chair’s speech

JOHANNESBURG: South Africa’s rand weakened in early trade on Wednesday as traders awaited a speech from the US...

Published 08 Nov, 2023 01:09pm

Companies

Renault cuts Nissan stake to 15% after transferring shares to trust

TOKYO: France’s Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker...

Published 08 Nov, 2023 01:07pm

Sports

Rain threat adds element of unknown to NZ’s semi-final bid

A forecast for rain has added an unknown element to New Zealand’s final World Cup group stage match against Sri...

Published 08 Nov, 2023 01:02pm

Sports

Griezmann and Morata double up as Atletico destroy 10-man Celtic

MADRID: Antoine Griezmann and Alvaro Morata struck twice each as Atletico Madrid hammered ragged 10-man Celtic 6-0...

Published 08 Nov, 2023 12:56pm

Sports

Pressure cranks up as thrilling MotoGP title duel goes to Malaysia

SEPANG: Francesco Bagnaia and Jorge Martin will take their MotoGP title duel to the Malaysian grand prix at Sepang...

Published 08 Nov, 2023 12:50pm

Asia

7.1-magnitude quake hits Indonesia’s Banda Sea

JAKARTA: A 7.1-magnitude earthquake struck Indonesia’s Banda Sea on Wednesday, the United States Geological Survey...

Published 08 Nov, 2023 12:46pm

Stocks

Tokyo shares close lower

TOKYO: Tokyo stocks gave up early gains and fell on Wednesday despite Wall Street rallies, as the market was weighed...

Updated 08 Nov, 2023 12:43pm

Business & Finance

ECB must keep rates at or near 4% through 2024 to get inflation down: IMF

FRANKFURT: Rapid wage growth in the euro zone could keep inflation elevated longer and the European Central Bank...

Published 08 Nov, 2023 12:39pm

Forex

China’s yuan firms as US rates uncertainty drags on dollar

SHANGHAI: China’s yuan firmed slightly on Wednesday reflecting pressure on the dollar even though it managed to...

Published 08 Nov, 2023 12:36pm

Stocks

China stocks steady amid global rate concerns, domestic recovery hopes

SHANGHAI: China stocks were little changed on Wednesday, tracking mixed regional peers on concerns of global rates...

Published 08 Nov, 2023 12:29pm

Commodities

Soybeans near two-month high on Brazilian crop woes, Chinese demand

SINGAPORE: Chicago soybean prices firmed nearly 1% on Wednesday, trading close to their highest levels in two...

Published 08 Nov, 2023 12:27pm

Pakistan

No equipment left behind by American forces during withdrawal from Afghanistan: US state dept

US aware of reports of terrorist attacks in Pakistan, says US State Department’s principal deputy spokesperson, Vedant Patel

Published 08 Nov, 2023 12:26pm

Mutual Funds

India bond yields fall as oil slide boosts demand

MUMBAI: Indian government bond yields fell in early trading on Wednesday, as a plunge in oil prices boosted investor...

Published 08 Nov, 2023 12:24pm

Forex

Indian rupee unable to capitalise on oil price drop, positive Asian FX

MUMBAI: The Indian rupee was little changed on Wednesday as a drop in oil prices and strength in Asia currencies...

Published 08 Nov, 2023 12:22pm

Commodities

Copper subdued amid cautious trading, dollar pressure

BEIJING: Copper traded within a tight range on Wednesday as a stronger US dollar offset supply disruptions and...

Published 08 Nov, 2023 12:16pm

Technology

Amazon sets new team to trains ambitious AI model codenamed ‘Olympus’

Amazon is investing millions in training an ambitious large language model (LLMs), hoping it could rival top models...

Published 08 Nov, 2023 12:08pm

Commodities

Palm oil gains on signs on robust Chinese demand, weak crude oil prices weigh

SINGAPORE: Malaysian palm oil futures rose on Tuesday, supported by robust soybean imports to China and indications...

Published 08 Nov, 2023 12:06pm

Sports

Don’t count Afghanistan out yet, says coach Trott

Afghanistan have rebounded from defeat at the World Cup and can do so again, coach Jonathan Trott said after...

Published 08 Nov, 2023 12:03pm

USA

Biden, Xi set to steal APEC spotlight with talks to steady ties

WASHINGTON: US President Joe Biden and Chinese President Xi Jinping are expected to hold summit talks in San...

Published 08 Nov, 2023 11:59am

Middle East

Gaza health crisis deepens for the chronically ill as war intensifies

Tahreer Azzam, a nurse at Makassed Hospital in east Jerusalem, has been caring for young, desperately-ill...

Published 08 Nov, 2023 11:48am

Technology

Samsung, Qualcomm flag concerns with India’s push for live TV on phones

NEW DELHI: Samsung and Qualcomm are among those opposing India’s choice of technology to bring live TV broadcasts on...

Published 08 Nov, 2023 11:44am

Forex

Won in spotlight as South Korea opens onshore trading to foreigners

The won rose on Wednesday after South Korea said it would open currency markets to overseas traders, bucking the...

Published 08 Nov, 2023 11:42am

Commodities

South Korea’s KFA tenders for up to 69,000 tons corn

HAMBURG: The Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000 metric tons of...

Published 08 Nov, 2023 11:36am

Business & Finance

Commerzbank Q3 net profit more than triples, beats expectations

FRANKFURT: Germany’s Commerzbank said on Wednesday that net profit more than tripled in the third quarter, better...

Published 08 Nov, 2023 11:34am

Business & Finance

China’s 2023 growth target within reach

BEIJING: China is expected to hit its annual gross domestic product growth target this year, and the country must...

Published 08 Nov, 2023 11:23am

Sports

New Zealand Cricket appoint first woman chair

Diana Puketapu-Lyndon will become the first female chair of New Zealand Cricket (NZC) after incumbent Martin Snedden...

Published 08 Nov, 2023 11:20am

USA

Mexican Congress holds second UFO session featuring Peruvian mummies

MEXICO CITY: Mexico’s Congress heard from researchers on Tuesday who declared authentic a set of three-fingered...

Published 08 Nov, 2023 11:04am

Europe

Ukraine says troops repel Russian attacks along front line

LVIV: Ukraine’s military said on Tuesday its troops had repelled Russian assaults in widely separated sectors of the...

Published 08 Nov, 2023 10:55am

Europe

NATO allies condemn Russia’s withdrawal from CFE treaty, will suspend its operation

BRUSSELS: NATO allies condemned a decision by Russia on Tuesday to withdraw from the Treaty on Conventional Armed...

Published 08 Nov, 2023 10:51am

Asia

Blinken to visit South Korea as North Korea, Russia deepen ties

SEOUL: US Secretary of State Antony Blinken is due to arrive in Seoul on Wednesday for talks with his South Korean...

Published 08 Nov, 2023 10:29am

Asia

G7’s top diplomats prepare statement on Gaza conflict

TOKYO: G7 foreign ministers are set to issue a joint statement on the Israel-Hamas war on Wednesday and are expected...

Published 08 Nov, 2023 10:22am

Commodities

Iron ore dips further on lingering risk-off sentiment

BEIJING: Iron ore prices extended declines for a second session on Wednesday amid lingering risk-off sentiment,...

Published 08 Nov, 2023 10:14am

Bullion Rate

Gold lacks momentum as spotlight shifts to Powell’s speech

Gold struggled for momentum on Wednesday as investors looked for more clarity on interest rates from the Federal...

Published 08 Nov, 2023 10:11am

SIFC body zeroes in on RE projects

Executive Committee of Special Investment Facilitation Council constitutes an inter-ministerial panel

Updated 08 Nov, 2023 10:06am

Nod from IR Commissioner not needed: Tax returns can be revised within 60 days: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that the FBR system is allowing taxpayers to revise...

Updated 08 Nov, 2023 10:04am

Stocks

Financials, technology stocks lift Australia shares

Australian shares inched up on Wednesday, helped by the gains in financial and technology stocks, while...

Published 08 Nov, 2023 10:03am

Forex

Dollar licks its wounds ahead of Fed Chair Powell’s remarks

SINGAPORE: The dollar regained its footing on Wednesday and inched higher after a slew of Federal Reserve speakers...

Published 08 Nov, 2023 09:58am

Business & Finance

MoF to remain open on Iqbal Day for IMF talks

ISLAMABAD: Finance Ministry will be opened on November 09, 2023 - on Iqbal Day, declared a public holiday – due to...

Updated 08 Nov, 2023 09:55am

Glass ware/porcelain ware: Customs’ values on imports from seven countries issued

ISLAMABAD: The Directorate General of Customs Valuation, Karachi has issued new Customs values on the import of...

Updated 08 Nov, 2023 09:54am

Stocks

Indian shares rise as falling oil prices boost energy stocks

BENGALURU: Indian shares rose on Wednesday, led by energy stocks, as crude prices fell, while a drop in high...

Published 08 Nov, 2023 09:53am

330-MW SEL plant: PPIB to hold competitive bidding on behalf of KE

ISLAMABAD: Private Power and Infrastructure Board (PPIB) is to conduct a round of competitive bidding on behalf of...

Updated 08 Nov, 2023 09:53am

BR Research

Provincial cotton output: a deeper look

Earlier this week, BR Research noted that “the 2023-24kharif season might be the first time in history when cotton...

Published 08 Nov, 2023 08:47am

BR Research

OGDC in 1QFY24

The profitability of the Oil and Gas Development Company Limited (PSX: OGDC) slipped by eight percent year-on-year...

Published 08 Nov, 2023 08:44am

BR Research

Image Pakistan Limited

Image Pakistan limited (PSX: IMAGE) was incorporated in Pakistan as a public limited company in 1990. The company...

Published 08 Nov, 2023 08:42am

KSA, Qatar: Issues over BIT template block huge investment

ISLAMABAD: The Board of Investment (BoI) is likely to move the Federal Cabinet to scrap Bilateral Investment Treaty...

Updated 08 Nov, 2023 08:34am

CEC briefs PM about preparations

ISLAMABAD: The chief election commissioner (CEC) on Tuesday briefed Caretaker Prime Minister Anwaar-ul-Haq Kakar,...

Updated 08 Nov, 2023 08:33am

PML-N forges alliance with MQM for polls

LAHORE: In a surprise to the Pakistan Peoples Party (PPP), the Pakistan Muslim League-Nawaz (PML-N) and Muttahida...

Updated 08 Nov, 2023 08:32am

Less than Rs32,000 gross salary: Fed govt employees allowed special allowance

ISLAMABAD: The government has allowed special allowance to the civil employees of the federal government whose gross...

Updated 08 Nov, 2023 08:32am

Energy

Oil, gas: 70pc area remains unexplored

ISLAMABAD: Up to 70 percent area in Pakistan is still unexplored and needs to be evaluated for the exploration of...

Updated 08 Nov, 2023 08:31am

BR’s refresher: your morning briefing for the day

Important updates from November 7, 2023

Published 08 Nov, 2023 08:30am

Business & Economy

‘Contrary to popular belief, Pakistan among our best-performing markets’

A top official at financial institution GuarantCo says company’s model can help Pakistan develop infrastructure

Published 08 Nov, 2023 07:00am

Energy

Oil prices fall on demand concerns

BENGALURU: Oil prices fell about 3% to their lowest since late August on Tuesday, as demand concerns arose from ...

Updated 08 Nov, 2023 06:57am

World

Blinken calls for G7 ‘clear voice’ on Gaza

TOKYO: US Secretary of State Antony Blinken called Tuesday on the G7 to speak “in a clear voice” about the...

Updated 08 Nov, 2023 06:57am

Opinion

Development of Special Technology Zones

Software development and IT-enabled services (ITeS) for data centres, technical service/call centres, and telecom...

Updated 08 Nov, 2023 06:30am

Opinion

Loss-making Discos — Who tops the chart?

Unfortunately, the Pakistan Power Sector is never away from the public eye– specifically, since the last two...

Updated 08 Nov, 2023 06:28am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (November 07, 2023) and the forecast for Wednesday (November 08, 2023)...