News Archives for Latest - 2023-11-13

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Europe

Norway urges Israel to release full Palestinian tax transfer

OSLO: Norwegian Prime Minister Jonas Gahr Stoere urged Israel on Monday to release the full tax transfer it is...

Published 13 Nov, 2023 11:26pm

Pakistan

Bilawal says people will surprise 'planners' on February 8

Former foreign minister says people will surprise those in the rooms making plans and declaring the results

Updated 13 Nov, 2023 10:58pm

Asia

China, Pakistan navies hold drills days after Russia’s historic Andaman exercise

BEIJING: The Chinese and Pakistani navies are holding weeklong drills in the Arabian Sea days after the Russian...

Updated 13 Nov, 2023 10:46pm

Pakistan

LHC orders closure of schools on Nov 18 to curb smog

Also recommends two-day remote work for offices

Updated 13 Nov, 2023 10:45pm

Europe

EU plan for new Russia sanctions to go to members this week: Borrell

BRUSSELS: European Union officials are finalising the “last details” of a proposed 12th package of sanctions on...

Published 13 Nov, 2023 10:45pm

World

Israel blocks website of Lebanon's Al-Mayadeen TV

JERUSALEM: Israel on Monday blocked all web access to a Lebanese satellite TV channel known for its pro-Iran stance...

Published 13 Nov, 2023 10:33pm

Money & Banking

Summit Bank changes name to Bank Makramah Limited

The name of Summit Bank Limited (SMBL) has been changed to Bank Makramah Limited (BML), the bank announced in a...

Updated 13 Nov, 2023 10:27pm

South Asia

Pakistan opens new border crossings to expedite Afghans’ repatriation

Many Afghans have opted to go home voluntarily to avoid deportation

Updated 13 Nov, 2023 10:25pm

Stocks

New highs: KSE-100 crosses 56,500 level after 1,132-point gain

Bullish momentum persists at PSX as market watches ongoing discussions between govt and IMF

Updated 13 Nov, 2023 10:11pm

Europe

UK PM Sunak sacks interior minister Braverman over protest comments

LONDON: British Prime Minister Rishi Sunak sacked his interior minister, Suella Braverman, on Monday, a government...

Updated 13 Nov, 2023 10:05pm

Middle East

Lebanon front with Israel heats up, stoking fears of wider war

Hezbollah and Israel have been trading fire for weeks
Jordan's king rejects any Israeli plan to occupy parts of Gaza
Gaza's Al Shifa hospital has tanks at its gates

Published 13 Nov, 2023 10:02pm

Sports

Zverev battles past Alcaraz in ATP Finals opener

TURIN: Alexander Zverev got off to a winning start in his ATP Finals campaign on Monday by battling back from a set...

Published 13 Nov, 2023 09:44pm

Europe

Two killed in Russian attack on Ukraine’s Kherson

KYIV: Russian attacks on the southern city of Kherson killed two civilians on Monday, Ukrainian officials said....

Published 13 Nov, 2023 09:23pm

Stocks

Wall St falls as megacaps drag ahead of inflation data

Wall Street’s main indexes slipped on Monday as investors awaited a crucial inflation reading and other economic...

Published 13 Nov, 2023 09:00pm

Europe

EU shifts to digital visas for Schengen area

BRUSSELS: People applying for visas to visit Europe’s Schengen area will soon do so via an online platform, under a...

Published 13 Nov, 2023 08:38pm

Forex

Open-market: rupee sees decline against US dollar

The Pakistani rupee continued its downward trajectory against the US dollar in the open market on Monday. During the...

Updated 13 Nov, 2023 08:37pm

Middle East

UN warns fuel shortage to halt Gaza aid work in ‘48 hours’

GAZA STRIP: The UN agency for Palestinian refugees warned Monday its operations in war-torn Gaza would shut down...

Published 13 Nov, 2023 08:36pm

Forex

Inter-bank: rupee fall continues, declines for 15th consecutive session

Currency depreciates 0.18% to settle at 287.55 against US dollar

Updated 13 Nov, 2023 08:32pm

Cricket

New Zealand’s Ferguson says ‘we all start from zero’ in India semi-final

MUMBAI: Lockie Ferguson insisted New Zealand’s rocky road to a World Cup semi-final against in-form India in Mumbai...

Published 13 Nov, 2023 08:31pm

Stocks

US stocks slip after Moody’s lowers debt rating outlook

NEW YORK: Stocks on Wall Street ticked lower Monday as traders digested the recent decision by ratings agency...

Published 13 Nov, 2023 08:26pm

Pakistan

Two soldiers martyred in exchange of fire with terrorists in North Waziristan: ISPR

Two soldiers of the Pakistan Army embraced martyrdom during an exchange of fire with terrorists in the Mir Ali area...

Published 13 Nov, 2023 08:23pm

Stocks

Gulf markets mixed on interest rate worries

Stock markets in the Gulf put in a mixed performance on Monday as focus turned to this week’s U.S. inflation data...

Published 13 Nov, 2023 08:11pm

Energy

Oil steady on caution over demand outlook and Fed rates

LONDON: Oil prices held steady on Monday, with market caution heightened by waning demand in the United States and...

Updated 13 Nov, 2023 06:48pm

South Asia

US moves to break political impasse in Bangladesh

DHAKA: The US ambassador to Bangladesh has sought meetings with leaders of the country’s three major parties, the...

Published 13 Nov, 2023 06:41pm

Europe

British environment minister Coffey resigns in reshuffle

LONDON: British environment secretary Therese Coffey resigned on Monday as Prime Minister Rishi Sunak reshuffled his...

Published 13 Nov, 2023 06:30pm

Stocks

Sri Lanka shares end up after 2024 budget sets ambitious revenue, deficit targets

BENGALURU: Sri Lankan shares closed higher on Monday after the country’s 2024 budget set ambitious revenue and...

Published 13 Nov, 2023 06:12pm

Energy

OPEC says oil market remains strong despite negative sentiment

LONDON: OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as...

Published 13 Nov, 2023 05:43pm

Middle East

Largest Gaza hospital ‘not functioning’ amid Israeli assault

GAZA/OCCUPIED JERUSALEM: The largest hospital in Gaza has ceased to function and fatalities among patients are...

Updated 13 Nov, 2023 05:35pm

Cricket

Australia ‘peaking at right time’ at World Cup, says Starc

KOLKATA: Mitchell Starc on Monday said Australia have lived up to their reputation of “peaking at the right time”...

Published 13 Nov, 2023 05:33pm

Bullion Rate

Gold price per tola increases Rs800 in Pakistan

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

Published 13 Nov, 2023 04:55pm

Cricket

Pakistan bowling coach Morkel quits after World Cup flop

LAHORE: Bowling coach Morne Morkel on Monday became the first man to quit Pakistan’s backroom staff following the...

Published 13 Nov, 2023 05:01pm

Stocks

Indian shares ease after ‘muhurat’ session gains; inflation data eyed

BENGALURU: Indian blue-chip shares fell on Monday, weighed down by the heavyweight information technology (IT) and...

Published 13 Nov, 2023 04:51pm

Commodities

Copper gains as bearish traders cancel short positions

LONDON: Copper prices rebounded on Monday as traders cancelled short positions in frustration, but gains were capped...

Published 13 Nov, 2023 04:46pm

Life & Style

Titanic menu sells for £84,000 at UK auction

LONDON: A first-class dinner menu from the Titanic’s ill-fated maiden voyage offering oysters, beef and mallard duck...

Updated 13 Nov, 2023 04:01pm

Europe

Former UK PM Cameron in surprise return to government as foreign secretary

LONDON: Former British leader David Cameron was named as the country’s new Foreign Secretary on Monday, in a...

Published 13 Nov, 2023 03:13pm

Sports

Sehwag, de Silva and Edulji go into Cricket Hall of Fame

NEW DELHI: India’s Virender Sehwag, Sri Lankan batsman Aravinda de Silva and pioneering Indian women’s captain Diana...

Published 13 Nov, 2023 03:28pm

Sports

India set for New Zealand clash at ‘pointy end’ of World Cup

MUMBAI: India may be the outstanding team at the World Cup but coach Rahul Dravid has warned Wednesday’s semi-final...

Published 13 Nov, 2023 03:24pm

Sports

Cricket World Cup: India v New Zealand head-to-head record

MUMBAI: India v New Zealand ODI record ahead of their World Cup semi-final at the Wankhede Stadium in Mumbai on...

Published 13 Nov, 2023 03:21pm

Stocks

European shares climb on healthcare boost, Novo Nordisk hits 1-month high

European shares rose on Monday, aided by healthcare, with investors awaiting a slew of data throughout the week for...

Published 13 Nov, 2023 03:16pm

Energy

MARI commences gas production from appraisal well in Sindh

Mari Petroleum Company Limited (MARI), one of the country’s largest, one of Pakistan’s largest energy and...

Published 13 Nov, 2023 03:15pm

Forex

Russian rouble steadies, awaiting fresh drivers

MOSCOW: The Russian rouble was little changed in morning trade on Monday, restrained by a drop in oil prices while...

Published 13 Nov, 2023 03:11pm

Business & Finance

Morgan Stanley sees S&P 500 ending 2024 at 4,500

Morgan Stanley said on Monday it expects the S&P 500 to end 2024 at 4,500, and predicted earnings recovery...

Published 13 Nov, 2023 03:09pm

South Asia

Rescuers hopeful of reaching trapped labourers in collapsed Indian tunnel

LUCKNOW: Rescuers were able to make contact on Monday with 40 labourers trapped in a collapsed tunnel in the...

Published 13 Nov, 2023 03:08pm

Forex

South African rand firms at start of data-heavy week

JOHANNESBURG: The South African rand was slightly stronger in early trade on Monday, at the start of a week...

Published 13 Nov, 2023 03:06pm

Technology

Voyage Freight raises $1mn in pre-seed funding

Voyage Freight, which says its Pakistan’s first digital freight forwarder, has secured over $1 million in pre-seed...

Updated 13 Nov, 2023 03:05pm

Commodities

Tullow signs $400mn debt facility deal with Glencore

Tullow Oil said on Monday it had entered into a $400 million five-year debt facility deal with Glencore which would...

Published 13 Nov, 2023 03:04pm

Middle East

Emirates 90-plane 777X deal to kick-start Dubai Airshow

DUBAI: Middle East carriers look set to order tens of billions of dollars of long-haul jets at the opening of the...

Published 13 Nov, 2023 02:06pm

Commodities

Ivory Coast 2023/24 cocoa arrivals seen at 350,000 T by Nov 12

ABIDJAN: Cocoa arrivals at ports in top grower Ivory Coast had reached 350,000 tonnes by Nov. 12 since the start of...

Published 13 Nov, 2023 02:03pm

Europe

Russian state news agencies withdraw news alerts about Russian troop regrouping

MOSCOW: Russian state news agencies RIA and TASS on Monday withdrew news alerts saying Russian forces in Ukraine had...

Published 13 Nov, 2023 02:01pm

Movies & Music

Angelina Jolie censures forced Afghan exodus from Pakistan

Hollywood actor and humanitarian Angelina Jolie said she was “saddened” by the sudden removal of over a million...

Published 13 Nov, 2023 01:50pm

Movies & Music

‘The Marvels’ has a far from marvelous North America opening

LOS ANGELES: New superhero film ‘The Marvels’ is making history, and not in a good way: its estimated $47 million...

Published 13 Nov, 2023 01:17pm

Sports

Griezmann helps Simeone celebrate Atletico deal in Villarreal comeback

MADRID: An inspired Antoine Griezmann helped Atletico Madrid come from behind to beat Villarreal 3-1 in La Liga on...

Published 13 Nov, 2023 12:49pm

Sports

Djokovic top of the world after sinking Rune at ATP Finals

TURIN: Novak Djokovic will finish the year as world number one for a record-extending eighth time after beating...

Published 13 Nov, 2023 12:44pm

Sports

Cricket World Cup: Ten first round highlights

NEW DELHI: After almost six weeks of huge totals, shock wins, heartbreaking losses, records and controversies, the...

Published 13 Nov, 2023 12:41pm

Sports

Cricket World Cup win would be riches aplenty for Rohit’s boyhood coach

MUMBAI: Rohit Sharma’s boyhood cricket coach says he will be the “richest person in the world” if the India captain...

Published 13 Nov, 2023 12:23pm

Opinion

The slowdown in real economy

Over the past month, it seems that the feel-good factor has returned. The stock market is in a bullish run and the...

Updated 13 Nov, 2023 12:16pm

BR Research

Nano lending-regulate without killing it

Nano lending is new in Pakistan and is going through a teething phase. It has both registered and unregistered...

Updated 13 Nov, 2023 12:15pm

USA

Republican Tim Scott withdraws from US presidential race

WASHINGTON: US Senator Tim Scott announced Sunday that he is withdrawing from the US presidential race, saying...

Published 13 Nov, 2023 12:14pm

USA

US says to be ‘good hosts’ to Russia at APEC summit

SAN FRANCISCO: The United States will treat Russia as a full participant in this week’s Asia-Pacific summit in San...

Published 13 Nov, 2023 12:01pm

Sports

Australian club cricketer takes six wickets in six balls to win match

SYDNEY: An Australian club cricketer took six wickets in an incredible final over to clinch victory in a one-day...

Published 13 Nov, 2023 11:56am

Stocks

Tokyo shares close flat ahead of US data

TOKYO: Tokyo stocks trimmed gains and ended flat on Monday as investors awaited key US economic data due to be...

Updated 13 Nov, 2023 11:51am

Europe

Russian forces kill 34 fighters in Syria’s Idlib

Russian forces have killed 34 fighters and wounded more than 60 in air strikes on targets in Syria’s Idlib...

Published 13 Nov, 2023 11:44am

Asia

Japan PM to sack deputy finance minister over tax scandal: NHK

TOKYO: Japanese Prime Minister Fumio Kishida has decided to sack a deputy finance minister, public broadcaster NHK...

Published 13 Nov, 2023 11:41am

Forex

Yuan hits one-week low as market eyes Biden-Xi summit, PBOC rate decision

SHANGHAI: China’s yuan eased to a more than one-week low against the dollar on Monday, as investors await a summit...

Published 13 Nov, 2023 11:27am

Business & Finance

Australia’s ANZ posts record FY profit, investors fret over mortgage pressure

Australia’s fourth-biggest lender, ANZ, said on Monday surging demand for its institutional banking services...

Published 13 Nov, 2023 11:24am

Stocks

China, HK stocks slip as economic woes offset Biden-Xi summit optimism

SHANGHAI: China and Hong Kong stocks slipped on Monday as initial euphoria over a summit between the top leaders...

Published 13 Nov, 2023 11:13am

Asia

US, South Korea revise deterrence strategy over North Korea threat

SEOUL: South Korea and the United States during talks on Monday revised a bilateral security agreement aimed at...

Published 13 Nov, 2023 11:11am

Technology

Payments app Zelle begins refunds for imposter scams after Washington pressure

Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection...

Published 13 Nov, 2023 11:02am

Technology

China’s Didi swings to third-quarter profit, to buy-back $1bn worth of shares

China’s biggest ride-hailing company Didi Global on Monday reported a third-quarter profit as domestic demand for...

Published 13 Nov, 2023 10:57am

Forex

Yen hits fresh one-year low as focus swings to US inflation data

TOKYO: The Japanese yen hit a fresh one-year low against the dollar on Monday, as traders awaited another batch of...

Updated 13 Nov, 2023 10:54am

Commodities

Copper subdued as firm dollar, demand worries dominate mood

Copper prices hovered near a two-week low on Monday, pressured by a firmer US dollar and uncertainty over the...

Published 13 Nov, 2023 10:52am

Business & Finance

Sri Lanka’s budget will strive to return economy to growth, meet IMF targets

COLOMBO: Sri Lanka’s government will be walking a tight rope in setting out its 2024 budget plan later on Monday as...

Published 13 Nov, 2023 10:50am

Companies

Ford’s production workers at Kentucky, Louisville vote against new labor deal

The United Auto Workers (UAW) laborers at Ford’s Louisville assembly and Kentucky truck plants have voted against a...

Published 13 Nov, 2023 10:47am

Forex

Most Asia currencies fall ahead of US inflation data, Philippine markets in focus

Most emerging Asian market currencies and stock benchmarks got off to soft start on Monday with the Philippines’...

Published 13 Nov, 2023 10:43am

South Asia

Three Indian cities among world’s 10 most polluted after Diwali

NEW DELHI: Two Indian cities joined New Delhi to be among the world’s worst 10 for pollution on Monday morning, with...

Published 13 Nov, 2023 10:40am

Middle East

Gaza’s displaced residents tell of fear and abandonment

GAZA: On foot, by horse-drawn cart and clinging to the sides of overcrowded trucks, Palestinians on Sunday fled...

Published 13 Nov, 2023 10:35am

Stocks

Stocks gain, bonds calm as Fed outlook trumps Moody’s downgrade

TOKYO: Stocks in Asia rose on Monday while Treasuries and the dollar kept their composure, as investors took their...

Published 13 Nov, 2023 10:28am

Mutual Funds

India benchmark stuck around 7.30%, inflation trigger awaited

MUMBAI: Indian government bond yields were largely unchanged in the early session on Monday, with the benchmark bond...

Published 13 Nov, 2023 10:23am

Forex

Indian rupee to rely on central bank support following drop to record low

MUMBAI: The Indian rupee is expected to have a quiet opening on Monday amid a decline in Asian peers and...

Published 13 Nov, 2023 10:20am

Forex

Australia, NZ dollars struggle to find support after rapid retreat

SYDNEY: The Australian and New Zealand dollars remained vulnerable to further losses on Monday as speculation about...

Published 13 Nov, 2023 10:13am

Stocks

Australian shares inch lower on rate concerns; ANZ Group down

Australian stocks inched lower on Monday as investors fretted over risks of further interest rate hikes, while ANZ...

Published 13 Nov, 2023 10:11am

Technology

Hyundai Motor breaks ground on $1.5bn EV plant in South Korea

Hyundai Motor Co on Monday broke ground on a 2 trillion won ($1.52 billion) dedicated electric vehicle (EV) plant in...

Published 13 Nov, 2023 10:07am

Stocks

IT, financials lead slide in Indian shares; inflation data eyed

BENGALURU: Indian blue chips opened lower on Monday, dragged by information technology (IT) and financial stocks,...

Published 13 Nov, 2023 10:05am

Bullion Rate

Gold hovers near 3-week low as dollar firms, focus on US inflation data

Gold prices were almost flat on Monday, hovering near three-week lows, as the dollar held firm and investors awaited...

Published 13 Nov, 2023 10:03am

Projects: Centre facing resistance from provinces

Resistance faced on proposed plan to scrap 137 non-starter projects and transfer 49 projects with up to 20 percent progress to provinces

Updated 13 Nov, 2023 09:56am

Joint Arab Islamic Extraordinary Summit: ‘Brutal massacre can’t be accepted as self-defence’

ISLAMABAD: The Joint Arab Islamic Extraordinary Summit has held Israel, the occupying force, responsible for the...

Updated 13 Nov, 2023 09:53am

Death toll in Gaza rises to 11,180

GAZA STRIP, Palestinian Territories: The Hamas government in the Gaza Strip said Sunday the death toll from fighting...

Updated 13 Nov, 2023 09:52am

Hiring of legal advisors: Matter of ‘nepotism’ sent to FBR chairman

ISLAMABAD: President Dr Arif Alvi has referred a serious matter of nepotism and corruption in the appointment of...

Updated 13 Nov, 2023 09:51am

All set to hand over PSM to MoI&P

ISLAMABAD: The Ministry of Privatisation is all set to hand over Pakistan Steel Mills (PSM) to the Ministry of...

Updated 13 Nov, 2023 09:50am

Sea Guardians-3 strengthens Sino-Pak naval ties: experts

BEIJING: China and Pakistan have common interests in jointly safeguarding strategic sea lanes in regions like the...

Updated 13 Nov, 2023 08:57am

PTI issues ‘white paper’ on state of economy

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government put the fast dwindling economy of the country on the path of...

Updated 13 Nov, 2023 08:56am

FBR seizes 16m cigarette sticks in 429 raids

ISLAMABAD: The Federal Board of Revenue (FBR) has made a historic seizure of 16 million non-duty paid/ counterfeit...

Updated 13 Nov, 2023 08:55am

President should represent all political parties: Solangi

LAHORE: Caretaker Minister for Information and Broadcasting and Parliamentary Affairs Murtaza Solangi here on Sunday...

Updated 13 Nov, 2023 08:52am

Arshad Shah sworn in as caretaker KP CM

PESHAWAR: Former Justice Arshad Hussain Shah was sworn in as the caretaker KP Chief Minister, here on Sunday....

Updated 13 Nov, 2023 08:52am

Evacuation of foreigners from KP continues

PESHAWAR: Another 2,857 illegal immigrants returned to their homeland that include 678 men, 642 women and 1,390...

Updated 13 Nov, 2023 08:51am

BR’s refresher: your morning briefing for the day

Important updates from November 11 and November 12, 2023

Published 13 Nov, 2023 08:49am

Africa

Flooding in Somalia displaces 500,000 people

MOGADISHU: Heavy rains that triggered flash flooding in Somalia have caused around half a million people to flee...

Updated 13 Nov, 2023 07:05am

Opinion

Importance of central planning cannot be overemphasized

Academics keep on telling us about the progress Pakistan achieved during the 1960s – basically, through the...

Updated 13 Nov, 2023 07:02am

Opinion

Output: uptick, downtick or…

This is the second of a two-part series focusing on the contribution to dealing with the ongoing economic impasse, ...

Updated 13 Nov, 2023 06:59am

Editorials

Moody’s report

EDITORIAL: Moody’s recent reassessment of Pakistan’s vulnerability comes as no surprise: with exports a mere ...

Updated 13 Nov, 2023 06:54am

BR Research

Remittance respite

Remittances to the country stood at $2.5 billion in October 2023, which is 9.6 percent up from the previous month...

Published 13 Nov, 2023 06:47am

BR Research

Nimir Resins Limited

Nimir Resins Limited (PSX: NRSL) was incorporated in Pakistan in 1964 as a public limited company and then converted...

Published 13 Nov, 2023 06:44am

Pakistan

The Weather

KARACHI: The weather report on Sunday (November 11, 2023) and the forecast for Monday (November 06, 2023)....