News Archives for Latest - 2023-11-17

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Archive - 2023-11-17

Perspectives

Busting myths: is Pakistan replete with tech talent?

In 2014, Pakistan came third – perhaps for the first time ever, in a global football event – the Street Child...

Updated 17 Nov, 2023 11:59pm

Europe

Zelenskiy says Ukraine, US will hold military industry conference next month

Ukraine and the United States will hold a military industry conference in December, Ukrainian President Volodymyr...

Published 17 Nov, 2023 11:17pm

World

US sanctions seven in Iraq over attacks on its troops

WASHINGTON: The United States unveiled sanctions Friday against seven people it said were affiliated with...

Published 17 Nov, 2023 11:01pm

USA

US, China commerce ministers pledge to further talks in 2024

SAN FRANCISCO: The United States and China plan further talks on commercial issues next year, the US Commerce...

Published 17 Nov, 2023 10:51pm

Middle East

UN says starvation imminent in Gaza, no let-up in Israeli assault

Humanitarian crisis for 2.3 million residents of Gaza enters new, more dire phase as war enters its seventh week

Updated 17 Nov, 2023 10:49pm

Pakistan

Caretaker govt challenges Supreme Court’s military trial verdict

The caretaker government approached the Supreme Court (SC) on Friday , challenging its verdict of declaring the...

Updated 17 Nov, 2023 10:41pm

Sports

Wahab Riaz appointed as new chief selector of Pakistan cricket team

Pakistan Cricket Board (PCB) has appointed former fast bowler Wahab Riaz as the new chief selector of the national...

Updated 17 Nov, 2023 10:39pm

Forex

Open-market: rupee inches up against US dollar

The Pakistani rupee saw marginal improvement against the US dollar in the open market on Friday, as the local...

Updated 17 Nov, 2023 10:39pm

Forex

Inter-bank: rupee records back-to-back gains against US dollar

Currency appreciates 0.31% to settle at 286.50 against US dollar

Updated 17 Nov, 2023 10:31pm

Stocks

KSE-100 retreats 334 points but stays above 57,000 level

Profit-taking weighs on benchmark index

Updated 17 Nov, 2023 10:31pm

Pakistan

Afghans driven from Pakistan rebuilding lives from ‘zero’

TORKHAM: Rocked gently on his mother’s knees, a fly on his nose, a baby sleeps fitfully in a tent in a barren border...

Updated 17 Nov, 2023 10:30pm

Business & Economy

Pakistan’s battered bonds rally again on fresh IMF hopes

LONDON: Pakistan’s dollar-denominated government bonds rallied as much as 3 cents, or roughly 4%, on Friday as they...

Updated 17 Nov, 2023 10:28pm

Technology

EVs’ manufacturing licenses: two, three wheelers take front seat in Pakistan

A four-wheel EV manufacturer yet to approach govt for license under EV policy

Updated 17 Nov, 2023 10:11pm

Pakistan

Use of force by any militia, group unacceptable: COAS

Chief of Army Staff (COAS) General Syed Asim Munir said on Friday that the use of force and armed action by any...

Published 17 Nov, 2023 09:09pm

Energy

Asian Development Bank approves $250mn for power transmission network

ADB says Power Transmission Strengthening Project will help reinforce stability of national grid

Updated 17 Nov, 2023 08:49pm

Stocks

Wall St eyes higher open as yields slip on rate cut bets

U.S. stocks were set for a higher open on Friday as Treasury yields extended declines from the previous session...

Published 17 Nov, 2023 07:55pm

Middle East

Doctor says Israeli forces ‘found nothing’, supplies low at Gaza’s Al Shifa hospital

DUBAI: A doctor at the Gaza Strip’s Al Shifa hospital said on Friday Israeli forces had “found nothing” during...

Published 17 Nov, 2023 07:49pm

Middle East

Israel allows two fuel tankers into Gaza daily

JERUSALEM: Israel’s war cabinet has allowed the delivery of two tankers of diesel fuel daily to the embattled Gaza...

Published 17 Nov, 2023 07:14pm

Middle East

Israeli hostage families near Jerusalem in march of solidarity and protest

JERUSALEM: The families of Israeli hostages and thousands of supporters marched towards Jerusalem on Friday,...

Published 17 Nov, 2023 06:39pm

Europe

Russia has sent first free grain shipments to Africa

MOSCOW: Russia has sent the first of its promised shipments of free grain to Africa, the country’s agriculture...

Published 17 Nov, 2023 06:23pm

Commodities

Asia gold: Indians brush off record rates to load up on gold for Diwali

Indian buyers brushed off record high local prices this week making gold purchases during the Diwali festival week...

Published 17 Nov, 2023 06:10pm

Money & Banking

India’s forex reserves come off seven-week highs

India’s foreign exchange reserves snapped a two-week gaining run and fell to $590.32 billion as of Nov. 10, easing...

Published 17 Nov, 2023 06:04pm

Stocks

Dubai up on expectations of end to rate hikes, Abu Dhabi slips

The Dubai stock market index closed higher on Friday as soft U.S. retail data strengthened expectations of an end to...

Published 17 Nov, 2023 05:58pm

Energy

Oil perks up after sharp week-long selloff on supply, demand concerns

LONDON: Oil prices edged higher on Friday, a day after sinking 5% to a four month-low on growing worries about...

Updated 17 Nov, 2023 05:22pm

Stocks

India’s blue-chips log third week of gains on IT boost

BENGALURU: India’s Nifty 50 and Sensex stock indexes logged their third consecutive weekly gains, boosted by...

Published 17 Nov, 2023 05:02pm

Stocks

Sri Lanka shares end lower, dragged by communication services stocks

BENGALURU: Sri Lankan shares closed lower on Friday, weighed down by losses in communication service and consumer...

Published 17 Nov, 2023 04:59pm

Commodities

Copper drifts higher on soft dollar and mine supply fears

LONDON: Copper prices edged up on Friday, boosted by a weak dollar and worries about a potential tightening of...

Published 17 Nov, 2023 04:57pm

Commodities

Palm closes down on Dalian soyoils, crude

JAKARTA: Malaysian palm oil futures closed down on Friday, snapping a four-session rally, dragged by weakness in...

Published 17 Nov, 2023 04:54pm

Companies

Arif Habib Corporation’s board authoritizes subsidiary deal

The Board of Directors (BoD) of Arif Habib Corporation Limited (AHCL), a Pakistani business conglomerate, has...

Published 17 Nov, 2023 04:53pm

Bullion Rate

Gold price per tola increases Rs2,200 in Pakistan

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

Published 17 Nov, 2023 04:15pm

Arts

Local in focus: 5 personalized stationary brands on our radar

Personalized stationary and gifting cards have become popular of late, seeing as they add the perfect amount of sentiment and elevate the process of gifting

Published 17 Nov, 2023 04:12pm

Life & Style

Hit Pakistani cricket show wins hearts in India

NEW DELHI: Long-simmering rivalries on and off the pitch divided India and Pakistan once more at the World Cup, but...

Published 17 Nov, 2023 03:47pm

Middle East

Israeli PM Netanyahu says attempts to minimise civilian casualties ‘not successful’

GAZA/OCCUPIED JERUSALEM: Israeli soldiers found a tunnel shaft used by Hamas at Gaza’s Al Shifa hospital, the army...

Updated 17 Nov, 2023 03:45pm

Stocks

FTSE indexes look to end week on positive note

UK’s main stock indexes rose on Friday and were on track for weekly gains after a slew of economic data spurred...

Published 17 Nov, 2023 03:28pm

Europe

WHO voices concern over spread of disease in Gaza

GENEVA: The World Health Organization said on Friday it was very concerned about the spread of disease of Gaza as...

Published 17 Nov, 2023 03:23pm

Middle East

Israeli army says ‘at least five’ Hamas fighters killed in Jenin raid

JENIN: The Israeli army said Friday it killed at least five fighters in the occupied West Bank, as Hamas admitted a...

Published 17 Nov, 2023 03:12pm

Sports

India eye fairytale finish in World Cup final against Australia

AHMEDABAD: Rohit Sharma’s undefeated India will look to end a 10-year global title drought in front of 130,000 fans...

Published 17 Nov, 2023 03:02pm

Sports

Cricket World Cup final: India v Australia head-to-head record

AHMEDABAD: India v Australia ODI record ahead of the World Cup final at the Narendra Modi Stadium in Ahmedabad on...

Published 17 Nov, 2023 02:59pm

Asia

Magnitude 6.7 quake shakes southern Philippines

MANILA: A strong magnitude 6.7 earthquake shook the southern Philippines on Friday, the US Geological Survey said,...

Published 17 Nov, 2023 02:56pm

Movies & Music

Ridley Scott reunites with Joaquin Phoenix for ‘Napoleon’ biopic

LONDON: Veteran filmmaker Ridley Scott likens working with Oscar-winner Joaquin Phoenix to “a toboggan ride”. The...

Published 17 Nov, 2023 01:57pm

Movies & Music

Sean ‘Diddy’ Combs accused of sex trafficking, rape of singer Cassie

LOS ANGELES: R&B vocalist Cassandra Ventura sued Sean “Diddy” Combs in federal court on Thursday, accusing the...

Published 17 Nov, 2023 01:34pm

Forex

Russian rouble steadies near over four-month high vs dollar

MOSCOW: The Russian rouble steadied near a more than four-month high against the dollar on Friday, supported by...

Published 17 Nov, 2023 01:31pm

Europe

Kremlin dismisses claims that Russia is stoking nuclear rhetoric

MOSCOW: The Kremlin on Friday said claims that Russia was ready to unleash nuclear war were “unacceptable madness”...

Published 17 Nov, 2023 01:25pm

Europe

Ukraine forces say carried out ‘successful’ operations on Dnipro east bank

KYIV: Ukraine’s Marine Corp said Friday that their forces had carried out a series of attacks on the...

Published 17 Nov, 2023 01:22pm

Stocks

European stock markets climb at open

LONDON: European stock markets gained at the start of trading on Friday, closing out a volatile week for financial...

Published 17 Nov, 2023 01:19pm

USA

Canadian white nationalist found guilty of murdering four Muslims in truck attack

OTTAWA: A 22-year-old self-confessed Canadian white nationalist who deliberately ran over and killed four members of...

Published 17 Nov, 2023 12:47pm

Opinion

Climate change crisis: the world must do better and fast

As the 28th edition of the ‘Conference of the Parties’ (COP) is scheduled to be held during November 30-December 12...

Updated 17 Nov, 2023 12:45pm

Europe

Erdogan on ‘difficult’ German visit after Israel outbursts

BERLIN: German leaders host Turkiye’s President Recep Tayyip Erdogan for talks Friday, in a highly controversial...

Published 17 Nov, 2023 12:35pm

Sports

Klinsmann says PSG’s Lee on ‘new level’ for South Korea

SEOUL: South Korea coach Jurgen Klinsmann said Lee Kang-in has reached “a completely new level” after the Paris...

Published 17 Nov, 2023 12:31pm

Europe

Croatia cracks down on migrants as Europe beefs up border checks

BREGANA: It took Croatia years to finally enter into Europe’s passport-free travel zone that promised to ease access...

Published 17 Nov, 2023 12:14pm

Middle East

Syria shoots down Israeli missiles over Damascus surroundings

Syria shot down Israeli missiles fired from the Golan Heights towards the surroundings of the capital Damascus in...

Published 17 Nov, 2023 12:07pm

Stocks

Asia stocks hang onto weekly gains as yields, oil fall

SYDNEY: Asian shares took a breather on Friday as a batch of softer US economic data took some of the steam out of...

Published 17 Nov, 2023 12:04pm

Sports

Australia pick up the pace before India showdown

Australia head into their World Cup decider against India with all pieces in place following a devastating return to...

Published 17 Nov, 2023 11:55am

Forex

China’s yuan set for best week in 2 months after Xi meets Biden

SHANGHAI: The yuan was steady on Friday and set for its biggest weekly gain in two months against a broadly softer...

Published 17 Nov, 2023 11:50am

Stocks

Alibaba drags Hong Kong stocks lower; China slips

SHANGHAI: Hong Kong shares fell on Friday, dragged by a slump in index heavyweight Alibaba Group after it scrapped...

Published 17 Nov, 2023 11:48am

Africa

Kenya could lose up to 7.25% of GDP to climate change, World Bank says

NAIROBI: Kenya could lose up to 7.25% of economic output by 2050 if it does not take strong action to adapt to...

Published 17 Nov, 2023 11:46am

Mutual Funds

India bond yields dip, debt sale limits move

MUMBAI: Indian government bond yields were lower on Friday as oil prices and Treasury yields dipped and investors...

Published 17 Nov, 2023 11:39am

Asia

China, Japan reaffirm strategic relations in rare leader talks

Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida committed to pursuing mutually-beneficial...

Published 17 Nov, 2023 11:37am

Mutual Funds

JGB yields tumble to multi-month lows tracking US peers

TOKYO: Japanese government bond (JGB) yields dropped across the curve on Friday to multi-month lows, mirroring their...

Published 17 Nov, 2023 11:26am

Forex

Cheap yuan catapults China to second-biggest trade funding currency

SHANGHAI/SINGAPORE: Global companies are making a beeline for China’s debt markets, issuing record amounts of...

Published 17 Nov, 2023 11:21am

Commodities

Copper edges higher as US dollar weakens

NEW DELHI: Copper prices inched up on Friday tracking a weaker US dollar, although demand concerns in top metals...

Published 17 Nov, 2023 11:16am

Sports

South Africa look forward to future success despite semi-final loss

KOLKATA: South Africa may have suffered more Cricket World Cup semi-final heartache but coach Rob Walter believes...

Published 17 Nov, 2023 11:10am

Europe

Germany’s budget committee interrupts 2024 budget deliberations

BERLIN: Germany’s budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning,...

Published 17 Nov, 2023 11:06am

Forex

India rupee slips on ‘usual’ corporate dollar demand

MUMBAI: The Indian rupee declined slightly on Friday on US dollar demand from importers, both in cash and forward...

Published 17 Nov, 2023 10:50am

Asia

US, Japan and South Korea leaders hold brief meeting at APEC

SEOUL: South Korean President Yoon Suk Yeol met with US President Joe Biden and Japanese Prime Minister Fumio...

Published 17 Nov, 2023 10:44am

World

Mexico, China nod to stronger ties as leaders agree to promote trade and investment

MEXICO CITY: Mexico and China’s leaders met on Thursday and committed to working together and strengthening ties,...

Published 17 Nov, 2023 10:41am

USA

At APEC, Biden touts workers’ rights, stable Chinese relations

SAN FRANCISCO: US President Joe Biden on Thursday said he would keep working to advance a Pacific trade pact, even...

Published 17 Nov, 2023 10:37am

Commodities

India seeks to restart stalled Adani coal imports probe

NEW DELHI: Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal...

Published 17 Nov, 2023 10:32am

South Asia

Indian rescuers still 40 metres away from workers trapped in collapsed tunnel

SILKYARA: Rescuers drilled about one-third of the way into the debris of a collapsed highway tunnel in India by...

Published 17 Nov, 2023 10:28am

Bullion Rate

Gold heads for first weekly gain in three on Fed pause hopes

Gold prices extended their rise on Friday and were set to log their first weekly gain in three, as investors...

Published 17 Nov, 2023 10:22am

Forex

Australia, NZ dollars step back, still ahead for the week

SYDNEY: The Australian and New Zealand dollars edged lower on Friday as softer US economic data weighed on some...

Published 17 Nov, 2023 10:19am

Stocks

Australia shares extend losses as strong jobs data lifts rate-hike fears

Australian shares edged lower on Friday, dragged down by energy and financial stocks, as a strong domestic jobs...

Published 17 Nov, 2023 10:17am

Stocks

Indian shares set to open higher on US rate hopes, lower oil prices

BENGALURU: Indian shares are set to open higher on Friday and extend gains to a third consecutive week, helped by...

Published 17 Nov, 2023 10:15am

Forex

Yen eyes best week in four months, dollar heads for weekly decline

SINGAPORE: The yen was on track for its best week against the dollar in four months on Friday on the prospect of a...

Published 17 Nov, 2023 10:13am

SIFC satisfied with SOE sell-off progress

Ministries present progress on projects identified in key sectors

Updated 17 Nov, 2023 10:06am

ADB’s ACSR Bunting Conductor: Chinese firm urges authorities to reevaluate tender

ISLAMABAD: Chinese firm M/s Henan Tonga-Da Cable Co Ltd has urged Pakistani authorities to undertake reevaluation of...

Updated 17 Nov, 2023 10:04am

RDAs: foreign inflows surge to $6.9bn mark

KARACHI: Foreign inflow under the Roshan Digital Accounts (RDAs) surged to $ 6.9 billion mark at the end of October...

Updated 17 Nov, 2023 10:04am

Investment co-op in energy sector: ‘Framework’ may be signed during PM’s visit to UAE

ISLAMABAD: The United Arab Emirates (UAE) and Pakistan are likely to sign a framework on investment cooperation in...

Updated 17 Nov, 2023 09:48am

DII initiative: ECC allows release of Rs5bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed release of Rs 5 billion for one-time...

Updated 17 Nov, 2023 09:47am

PIA sell-off: PC Board tasks FA to prepare plan by Dec-end

ISLAMABAD: The Privatisation Commission (PC) Board has tasked Financial Advisor Ernest & Young-led consortium to...

Updated 17 Nov, 2023 09:45am

Afghanistan: Govt will continue to find ways to facilitate transit trade: FO

ISLAMABAD: Pakistan said on Thursday that it is finding ways to felicitate Afghan transit trade and also introducing...

Updated 17 Nov, 2023 09:40am

BR Research

IMF: finally, a timely review!

As expected, the IMF review has been successful. Pakistanis witnessed smooth sailing through a Fund review after a...

Published 17 Nov, 2023 09:08am

BR Research

Cotton market: flirting with recession?

The last time cotton output fell to this level, demand in the global economy drove prices into a super cycle, with...

Published 17 Nov, 2023 09:05am

BR Research

Interview with Burhan Mirza, Corporate Innovator, Investor and Entrepreneur

‘In the IT industry, you need to upskill with the innovation’ Burhan Mirza currently provides consultancy and...

Published 17 Nov, 2023 08:57am

Appropriate levels of authority: Secretaries’ body seeks guidelines from ministry

ISLAMABAD: The Secretaries Committee has asked the Ministry of Law and Justice to provide guidelines and proforma to...

Updated 17 Nov, 2023 08:59am

Forex reserves fall by $79m

KARACHI: The country’s total liquid foreign exchange reserves fell by $79 million during the last week due to...

Updated 17 Nov, 2023 08:39am

Shamshad says another gas price hike to take place in Jan

ISLAMABAD: While emphasizing the importance of remaining in the International Monetary Fund (IMF) programme for...

Updated 17 Nov, 2023 08:38am

Ogra and PRL ink ‘crucial’ agreement

ISLAMABAD: In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority...

Updated 17 Nov, 2023 08:38am

BR’s refresher: your morning briefing for the day

Important updates from November 16, 2023

Published 17 Nov, 2023 08:35am

Opinion

SIFC to act as a catalyst transforming country’s economy

In recent times, the economic landscape in Pakistan has witnessed a groundbreaking transformation with the advent of...

Updated 17 Nov, 2023 06:36am

Opinion

IMF review & state of economy

I expect an agreement on the review to come within this week, so, any day now. I can say that Pakistani authorities,...

Updated 17 Nov, 2023 06:31am

World

Rich nations ‘likely’ met $100bn climate finance goal: OECD

PARIS: Wealthy nations likely met their goal of providing $100 billion in annual climate finance to poorer nations...