News Archives for Latest - 2023-11-10

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Archive - 2023-11-10

Pakistan

Punjab govt lifts lockdown after rain improves air quality

CM Naqvi says markets open tomorrow, and restaurants can resume operations after 6 pm

Published 10 Nov, 2023 11:37pm

Technology

Mobile operators in Pakistan may levy ‘SIM Disowning Charge’ from January 1

Cellular mobile operators in Pakistan may levy a disowning charge on SIMs having less than a six-month retention...

Updated 10 Nov, 2023 10:50pm

USA

Xi, Biden to meet next week to ‘stabilize’ ties, US says

WASHINGTON: US President Joe Biden and Chinese President Xi Jinping will meet on November 15 in the San Francisco...

Updated 10 Nov, 2023 10:49pm

Forex

Open-market: rupee falls further against US dollar

The Pakistani rupee registered a marginal decline against the US dollar in the open market on Friday as its...

Updated 10 Nov, 2023 10:46pm

Pakistan

DG ISI given extension to preserve ‘continuity’ of policy: interim PM Kakar

Caretaker Prime Minister Anwaar-ul-Haq Kakar has said that the term of DG ISI Lieutenant General Nadeem Anjum was...

Updated 10 Nov, 2023 10:45pm

Stocks

Fresh peak: KSE-100 crosses 55,000 after 1,130-point gain

Bull run at PSX driven by expectations that interest rates will come down sooner than expected

Updated 10 Nov, 2023 10:44pm

Middle East

Israeli air strikes hit Gaza hospitals and school: Palestinian officials

Israeli tanks have taken up positions around Nasser Rantissi, Children’s and Eye hospitals as well as the Al-Quds hospital, medical staff says

Published 10 Nov, 2023 10:40pm

World

Gaza health system has reached 'point of no return': Red Cross

GENEVA: The Red Cross called Friday for medical facilities and workers in war-ravaged Gaza to be protected, warning...

Published 10 Nov, 2023 10:37pm

Cricket

Van der Dussen steers South Africa to victory as Afghanistan exit World Cup

AHMEDABAD: Rassie van der Dussen hit an unbeaten 76 to lead South Africa to a comfortable five-wicket win over...

Updated 10 Nov, 2023 10:26pm

Markets

Pakistan’s remittances clock in at $2.5bn in October, up 11.5% on monthly basis

On yearly basis, inflow up nearly 10%

Updated 10 Nov, 2023 10:13pm

Industry

ABAD says UAE-based firms willing to invest billions in Pakistan’s real estate

KARACHI: The Association of Builders and Developers of Pakistan (ABAD) has stated that the United Arab Emirates...

Published 10 Nov, 2023 09:59pm

Energy

Oil set for third weekly decline as demand worries weigh

LONDON: Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market...

Updated 10 Nov, 2023 09:04pm

Cricket

ICC suspends Sri Lanka’s membership over government interference

The International Cricket Council (ICC) has suspended Sri Lanka Cricket’s (SLC) membership with immediate effect for...

Published 10 Nov, 2023 08:58pm

Pakistan

Pakistan to withdraw its diplomatic support to Afghan govt

ISLAMABAD: In a major policy shift, Pakistan has decided to withdraw its active diplomatic support to the Afghan...

Updated 10 Nov, 2023 08:56pm

Forex

Pakistan’s central bank reserves see slight increase of $4mn, now stand at $7.51bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) slightly increased by $4 million on a weekly...

Published 10 Nov, 2023 08:52pm

Stocks

Wall St rebounds as traders digest Powell comments

Wall Street’s main indexes gained on Friday as investors assessed Federal Reserve Chair Jerome Powell’s hawkish...

Published 10 Nov, 2023 08:31pm

Commodities

Asia gold: Festivities lend small spark to India demand

Gold demand improved in India this week due to a key festival, but early reports suggested purchases in the major...

Published 10 Nov, 2023 08:11pm

Energy

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

LONDON: Asian spot liquefied natural gas (LNG) prices fell this week as full inventories and warm weather helped...

Published 10 Nov, 2023 08:06pm

Middle East

Hamas says Israeli strike on Gaza’s biggest hospital kills 13

GAZA CITY: Hamas said Friday an Israeli strike on the territory’s largest hospital killed 13 people. “Thirteen...

Published 10 Nov, 2023 07:39pm

Europe

Israel must not lose chance for peace with Arab world: Germany

BERLIN: Israel must not lose a “historic opportunity” for peace with Arab states due to its war against Hamas,...

Published 10 Nov, 2023 07:25pm

Europe

German, Turkish leaders to meet amid Israel-Hamas war tensions

BERLIN: Chancellor Olaf Scholz will meet Turkish President Recep Tayyip Erdogan next week, a German official said on...

Published 10 Nov, 2023 07:09pm

Bullion Rate

Gold rebounds, gains Rs1,300 per tola in Pakistan

Gold rates in Pakistan advanced on Friday, in line with increase in the international rate. The yellow metal was...

Updated 10 Nov, 2023 07:00pm

Energy

Despite India’s lack of interest, Pakistan focused on benefitting from TAPI: Kakar

Caretaker Prime Minister Anwaar-ul-Haq Kakar said Pakistan is ready to reap the benefits of the...

Updated 10 Nov, 2023 06:59pm

Europe

Ukraine says Russian army still trying to encircle Avdiivka

KYIV: Russian forces are fighting to surround the war-battered frontline town of Avdiivka and capture a...

Published 10 Nov, 2023 06:56pm

Forex

Inter-bank: rupee continues to decline, falls for 14th successive session

Currency depreciates 0.05% to settle at 287.03 against US dollar

Updated 10 Nov, 2023 06:31pm

Stocks

Emaar Properties boosts Dubai, Abu Dhabi rebounds

Stock markets in the United Arab Emirates closed higher on Friday, with Dubai’s index boosted by a surge in...

Published 10 Nov, 2023 06:26pm

Stocks

Indian shares log second weekly gain on energy stocks boost

BENGALURU: Indian shares rose for a second consecutive week on Friday, led by energy stocks as oil prices fell, even...

Published 10 Nov, 2023 05:52pm

Commodities

Copper, aluminium hit two-week low on hawkish Fed comment, higher stocks

LONDON: Copper and aluminium prices fell to a two-week low in London on Friday as hawkish comments from U.S. Federal...

Published 10 Nov, 2023 05:49pm

Middle East

Iran warns expansion of Gaza war ‘inevitable’; officials say air strikes hit hospitals

Deadly air strikes on refugee camps, a medical convoy and near hospitals have already prompted fierce arguments among some of Israel's Western allies over its military's adherence to international law

Updated 10 Nov, 2023 05:47pm

Commodities

Palm gains on strong export data, signs of boost in demand

SINGAPORE: Malaysian palm oil futures rose on Friday, as traders reacted to strong export data and signs of robust...

Published 10 Nov, 2023 05:46pm

Cricket

Babar Azam denies Pakistan captaincy has affected his form at World Cup

KOLKATA: Pakistan’s Babar Azam does not think the burden of captaincy has affected his batting at the World Cup and...

Published 10 Nov, 2023 05:37pm

Pakistan

UNSC must fulfil its responsibility towards conflict-hit Gaza: FO

Foreign Office Spokesperson Mumtaz Zahrah says Pakistan is deeply concerned about 'heinous crimes' committed by Israel against Palestinian people

Updated 10 Nov, 2023 05:39pm

Arts

‘Beacon of innovation’: Dubai Design Week brings together global creative community

Pakistan will be represented at Downtown Design by Karachi-based ‘ALEEYA. design studio (A.)’

Updated 10 Nov, 2023 05:36pm

Movies & Music

Prince Harry and Elton John can take case against Daily Mail publisher to trial

LONDON: Prince Harry, singer Elton John and five other high-profile British figures can have their lawsuit against...

Published 10 Nov, 2023 05:27pm

Companies

Hascol’s losses mount to Rs13.1bn in 9MCY23

Despite higher net sales and gross profit, Hascol Petroleum Limited sustained a massive loss after tax (LAT) to the...

Published 10 Nov, 2023 04:20pm

Perspectives

In solidarity with the olive trees of Palestine

October would bring some happy moments for Palestinians, but not this year. The month escorts the olive harvesting...

Updated 10 Nov, 2023 03:51pm

Sports

Australia to take late call on Maxwell for World Cup clash with Bangladesh

BENGALURU: Australia will take a late call on Glenn Maxwell’s participation in their World Cup game against...

Published 10 Nov, 2023 03:23pm

Sports

Cricket World Cup: Australia v Bangladesh head-to-head record

PUNE: Australia v Bangladesh ODI record ahead of their World Cup group game at MCA International Stadium, Pune on...

Published 10 Nov, 2023 02:44pm

Sports

Cricket World Cup: England v Pakistan head-to-head record

KOLKATA: England v Pakistan ODI record ahead of their World Cup group game at Eden Gardens on Saturday. Match starts...

Published 10 Nov, 2023 02:42pm

Business & Finance

World Bank offers prop for Sri Lanka’s stressed banks

COLOMBO: The World Bank on Friday provided Sri Lanka $150 million to underwrite savings of millions of depositors in...

Published 10 Nov, 2023 02:36pm

South Asia

Blinken in India for talks on China, Israel

NEW DELHI: US Secretary of State Antony Blinken held talks Friday in New Delhi seeking to bolster India as a...

Published 10 Nov, 2023 02:30pm

Middle East

International travel demand falls after onset of Israel-Hamas conflict, data shows

NEW YORK: International flight bookings around the world have fallen since the onset of the Israel-Hamas conflict...

Updated 10 Nov, 2023 02:22pm

Sports

Allan Donald to quit Bangladesh post after Cricket World Cup

DHAKA: Allan Donald will leave his post as Bangladesh’s fast-bowling coach following the World Cup, officials and...

Published 10 Nov, 2023 02:21pm

South Asia

Bangladesh PM rejects further pay hike after garment worker protests

DHAKA: Bangladesh’s Prime Minister Sheikh Hasina has rejected any further pay hikes for protesting garment workers...

Published 10 Nov, 2023 01:35pm

Business & Finance

British economy stalls in third quarter: data

LONDON: Britain’s economy stagnated in the third quarter, official data showed Friday after modest expansion in the...

Published 10 Nov, 2023 01:31pm

Stocks

Europe markets open with losses

LONDON: Europe’s major stock markets opened in the red on Friday, following news that the UK economy stalled in the...

Published 10 Nov, 2023 01:29pm

South Asian sovereigns: Pakistan most vulnerable to BOP crises: Moody’s

ISLAMABAD: With lowest level of exports of 10.5 per cent of GDP, Pakistan is the most vulnerable to balance of...

Updated 10 Nov, 2023 12:37pm

Asia

US, China reach ‘understandings’ on climate ahead of COP28 talks: Kerry

SINGAPORE: The United States and China have reached “understandings and agreements” on climate issues that will help...

Published 10 Nov, 2023 12:31pm

Commodities

Malaysia October palm oil inventories at four-year high

KUALA LUMPUR: Malaysia’s palm oil stockpiles stood at a four-year high at the end of October despite...

Updated 10 Nov, 2023 12:24pm

USA

US approves first vaccine against chikungunya virus: drug regulator

WASHINGTON: US health authorities on Thursday approved the world’s first vaccine for chikungunya, a virus spread by...

Published 10 Nov, 2023 12:04pm

Stocks

Hong Kong stocks sink at open on Powell comments

HONG KONG: Hong Kong shares tumbled at Friday morning’s open after Federal Reserve boss Jerome Powell said he would...

Published 10 Nov, 2023 12:01pm

Middle East

Body ‘every hour’ in deadliest West Bank raid since 2005

JENIN: Around four tyre fires belching black smoke, Palestinians clashed with Israeli soldiers in Jenin on Thursday...

Published 10 Nov, 2023 11:59am

Technology

Samsung to add real-time translation to smartphone model

SEOUL: South Korean smartphone giant Samsung Electronics will roll out a real-time translation service on calls...

Published 10 Nov, 2023 11:46am

Asia

Northern Myanmar fighting displaces almost 50,000 civilians: UN

YANGON: Almost 50,000 people have been displaced by fighting in northern Myanmar after an alliance of ethnic armed...

Published 10 Nov, 2023 11:43am

Europe

Putin visits military HQ overseeing Ukraine operations

MOSCOW: Russian President Vladimir Putin paid a surprise overnight visit to the military headquarters in...

Published 10 Nov, 2023 11:40am

Movies & Music

Disney delays ‘Deadpool’ sequel, ‘Blade’ and other films in post-strike shuffle

LOS ANGELES: Walt Disney delayed the release of Marvel movie ‘Blade,’ a new ‘Deadpool’ installment and several other...

Published 10 Nov, 2023 11:40am

Sports

Osaka to make tour return at Brisbane International

SYDNEY: Former world number one Naomi Osaka will return to the WTA tour after a break of 15 months at the Brisbane...

Published 10 Nov, 2023 11:29am

Europe

Ukraine military says onslaught on Avdiivka in the east intensifies

Russian troops are intensifying their attacks on the key eastern town of Avdiivka, a senior Ukraine officer said on...

Published 10 Nov, 2023 11:25am

Forex

India rupee will have to contend with jump in US yields, dollar

MUMBAI: The Indian rupee on Friday will have to deal with a surge in US Treasury yields and a rally on the dollar...

Published 10 Nov, 2023 11:14am

Stocks

Asian stocks slide as hawkish Powell comments weigh

SINGAPORE: Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury...

Published 10 Nov, 2023 11:12am

Sports

Confident New Zealand ready for business end of World Cup

BENGALURU: Paceman Lockie Ferguson said New Zealand would head into a likely World Cup semi-final against India...

Published 10 Nov, 2023 11:09am

Sports

Liverpool deserved to lose, says Klopp

Liverpool were second best in virtually all the decisive moments against Toulouse on Thursday and fully deserved...

Published 10 Nov, 2023 11:05am

Mutual Funds

JGB yields rise after weak auction pushes up US Treasury yields

TOKYO: Japanese government bond yields rose on Friday, rebounding from multi-week lows after US Treasury yields...

Published 10 Nov, 2023 11:02am

Forex

Australia, NZ dollars suffer rough week, RBA rate outlook little help

SYDNEY: The Australian and New Zealand dollars were heading for a fifth session of losses on Friday as a spike in...

Published 10 Nov, 2023 11:00am

Sports

Inconsistency to blame for Sri Lanka’s poor World Cup, says coach Silverwood

BENGALURU: Sri Lanka’s inconsistency cost them dear at the World Cup, coach Chris Silverwood said after his team...

Published 10 Nov, 2023 10:58am

Commodities

Dalian iron ore climbs to over 2-year high on demand hopes, supply concerns

BEIJING: Iron ore continued its rally on Friday, on track for a third week of gains, supported by supply concerns...

Published 10 Nov, 2023 10:53am

Commodities

Soybeans face first weekly drop in five on US crop outlook

SINGAPORE: Chicago soybean futures edged lower on Friday, and were poised for their first weekly decline in five, on...

Published 10 Nov, 2023 10:51am

South Asia

Indian capital gets a breather as rain brings respite from smog

NEW DELHI: Overnight rain in New Delhi and its suburbs brought some relief to the Indian capital on Friday morning,...

Published 10 Nov, 2023 10:47am

Forex

China’s yuan hits one-week low on expectations of more policy easing

SHANGHAI: China’s yuan weakened to a one-week low on Friday as the dollar firmed and on rising market expectations...

Published 10 Nov, 2023 10:28am

Bullion Rate

Gold poised for second week of decline on hawkish Powell remarks

Gold prices were track for a second consecutive week of declines, weighed by a stronger US dollar and Treasury...

Published 10 Nov, 2023 10:25am

World

New Zealand PM Hipkins says current caretaker government arrangements to continue

SYDNEY: New Zealand Prime Minister Chris Hipkins said on Friday he has reached an agreement with incoming prime...

Published 10 Nov, 2023 10:23am

Mutual Funds

India bond yields inch up before debt sale, US peers rebound

MUMBAI: Indian government bond yields moved higher in early trade on Friday as traders geared up for a fresh debt...

Published 10 Nov, 2023 10:20am

Forex

Malaysian ringgit leads losses among Asian FX as Powell warns on rates

The Malaysian ringgit led losses among emerging Asian currencies and stock markets retreated on Friday, as US...

Published 10 Nov, 2023 10:19am

Technology

Meta strikes deal with Tencent to sell VR headset in China

Meta Platforms has struck a deal with Tencent Holdings to sell a new, low-cost virtual-reality (VR) headset in...

Published 10 Nov, 2023 10:16am

Stocks

China, HK stocks drop as markets await more stimulus measures

SHANGHAI: China stocks dropped on Friday, weighed down by liquor and auto manufacturers, as analysts await more...

Published 10 Nov, 2023 10:14am

South Asia

How Modi’s BJP seeks Muslim vote in India’s 2024 election

NEW DELHI: Nafis Ansari, a school principal who is Muslim, was enlisted this year by the ruling Hindu nationalist...

Published 10 Nov, 2023 10:12am

Asia

South Korea’s Yoon, Japan’s Kishida to attend technology roundtable on Nov. 17

SEOUL: South Korean President Yoon Suk Yeol plans to attend a roundtable on technological cooperation with Japanese...

Published 10 Nov, 2023 10:03am

PM for ‘actions’ to achieve ECO objectives

'Let us make ECO an organisation, not just of words, but actions, not just commitments but implementation', Kakar addresses Economic Cooperation Organisation

Updated 10 Nov, 2023 09:59am

Stocks

Japan’s Nikkei slips on earnings drag, hawkish Fed

TOKYO: Japan’s Nikkei share average dropped on Friday, tracking overnight Wall Street losses following a hawkish...

Published 10 Nov, 2023 09:54am

Forex

Dollar eyes best week against yen in three months; cryptos leap

SINGAPORE: The dollar was headed for its best week against the yen in three months on Friday, after Federal Reserve...

Published 10 Nov, 2023 09:52am

Stocks

Indian shares open lower after Powell keeps rate hike option on tap

BENGALURU: Indian shares opened lower on Friday, tracking a drop in global stocks, after US Federal Reserve Chair...

Published 10 Nov, 2023 09:49am

If tax return not filed by deadline: SC explains law

ISLAMABAD: The Supreme Court has held that Section 214D of the Income Tax Ordinance, 2001, be construed and applied...

Updated 10 Nov, 2023 09:41am

Technical parleys between IMF, FBR continue: Revenue boost main focus

ISLAMABAD: The technical-level talks between the International Monetary Fund (IMF) and the Federal Board of Revenue...

Updated 10 Nov, 2023 09:40am

Oil products’ import on foreign suppliers’ account: Decision not materialised due to delay in notification of SOPs

ISLAMABAD: The federal government’s decision to allow import of oil products on foreign suppliers’ account through...

Updated 10 Nov, 2023 09:40am

NESPAK tender for ADB project: Senate Secretariat withdraws minutes of Oct 17 meeting

ISLAMABAD: Apparently in an unprecedented move, the Secretariat of Senate Standing Committee on Power has withdrawn...

Updated 10 Nov, 2023 09:40am

Pakistan

PM, Aliyev discuss Gaza, Kashmir issues

TASHKENT: Caretaker Prime Minister Anwaar-ul-Haq Kakar held a meeting with President of Azerbaijan, Ilham Aliyev, on...

Updated 10 Nov, 2023 08:45am

Business & Finance

Capital market: DFIs can be potential drivers of growth: Shamshad

ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar Thursday said the Development Finance...

Updated 10 Nov, 2023 08:44am

FBR bars officials from attaching bank accounts of taxpayers

ISLAMABAD: The Federal Board of Revenue’s (FBR) field offices have been barred from attaching bank accounts of the...

Updated 10 Nov, 2023 08:41am

RLNG, Ogra-prescribed gas prices: Provinces required to pay differential for urea production

ISLAMABAD: The federal government has decided to recover differential between RLNG and Ogra- prescribed prices for...

Updated 10 Nov, 2023 08:40am

BR Research

Gas tariffs: Are ‘fixed charges’ legal?

The Oil & Gas Regulatory Authority finally notified the revised consumer-end gas prices – two weeks after the...

Published 10 Nov, 2023 08:39am

BR’s refresher: your morning briefing for the day

Important updates from November 9, 2023

Published 10 Nov, 2023 08:38am

BR Research

Cuts and scrapes

Assembly plants for Indus Motors (PSX: INDU) will remain closed for another 6 days after the company completes its...

Published 10 Nov, 2023 08:34am

BR Research

Merit Packaging Limited

Merit Packaging Limited (PSX: MERIT) was incorporated in Pakistan as a public limited company in 1980. The principal...

Published 10 Nov, 2023 08:31am

Opinion

The sleeping Ummah 2.0.

My article titled, Sleeping Ummah, was published in year 2012, wherein I lamented at the lack of direction and the...