News Archives for Latest - 2023-11-23

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Archive - 2023-11-23

Pakistan

Nishan-e-Pakistan conferred on Dr Syedna Saifuddin

ISLAMABAD: President Dr Arif Alvi has accorded his approval to conferment of country’s highest civil award...

Updated 24 Nov, 2023 03:36pm

Pakistan

Pakistan applies for BRICS membership: Foreign Office

The Foreign Office (FO) said on Thursday that Pakistan has applied for BRICS membership, Radio Pakistan reported....

Updated 23 Nov, 2023 11:46pm

Middle East

War rages on in Gaza as truce delayed until at least Friday

GAZA/JERUSALEM: War raged on in Gaza on Thursday, as a proposed truce and release of hostages was delayed for at...

Updated 23 Nov, 2023 11:44pm

Forex

Inter-bank: rupee ends appreciation run against US dollar

Currency depreciates 0.05%, settles at 285.27 against dollar

Updated 23 Nov, 2023 11:42pm

Forex

Pakistan’s central bank reserves fall $217mn, now stand at $7.2bn

Total liquid foreign reserves held by country stand at $12.3 billion

Updated 23 Nov, 2023 11:41pm

Markets

Inflation expected to go over 28% in Nov following gas price hike: report

Consumer Price Index (CPI)-based inflation in November is expected to hit 28.26%, higher than 26.9%recorded in...

Updated 23 Nov, 2023 11:39pm

Pakistan

Asif Zardari says Bilawal ‘not fully trained’ in politics

Says he's certain elections would take place on February 8 next year

Published 23 Nov, 2023 11:37pm

Cricket

Surya, Rinku help India chase down 209 against Australia in T20 opener

VISAKHAPATNAM: India skipper Suryakumar Yadav’s 42-ball 80 and an unbeaten cameo by Rinku Singh helped the hosts...

Updated 23 Nov, 2023 10:57pm

Europe

Turkey says it plans evacuation of some wounded, sick Gazan children on Friday

ANKARA: Turkey plans to evacuate some wounded or sick Gazan children and young people on Friday as part of its third...

Published 23 Nov, 2023 10:51pm

World

‘You are in a safe place’: Israel prepares to embrace hostages

JERUSALEM: “I am here to take you home. You are in a safe place” – Israeli soldiers are being carefully prepared to...

Published 23 Nov, 2023 10:43pm

Middle East

Qatar says Gaza ceasefire, hostage release to start Friday

War rages on in Gaza as proposed truce is delayed for at least another day

Updated 23 Nov, 2023 10:17pm

Pakistan

Schools in Punjab's smog-hit divisions to remain closed for two days

Caretaker Punjab CM Mohsin Naqvi says a high-powered environmental commission will be established to reduce air pollution

Updated 23 Nov, 2023 10:07pm

Energy

Oil slips 2% on growing angst over delayed OPEC+ meeting

Oil prices dipped about 2% on Thursday, extending losses after the postponement of an OPEC+ meeting stoked...

Updated 23 Nov, 2023 10:05pm

South Asia

Indian authorities free Kashmir journalist after 21 months

OCCUPIED SRINAGAR: Authorities in Indian Illegally Occupied Jammu Kashmir (IIOJK) released a prominent journalist on...

Published 23 Nov, 2023 08:46pm

Pakistan

Musharraf’s trial: SC says LHC verdict does not stand solely on basis of territorial jurisdiction

ISLAMABAD: The Supreme Court said the Lahore High Court (LHC)‘s verdict on former president and army chief General...

Updated 23 Nov, 2023 08:39pm

Pakistan

Army’s Formation Commanders’ Conference extends complete support for Palestine amid Gaza war

Pakistan’s top military commanders on Thursday extended diplomatic, moral, and political support of the Pakistani...

Published 23 Nov, 2023 08:32pm

Stocks

KSE-100 finishes another day of bullish trend with over 700-point gain

Analysts say market expects interest rate cut in upcoming MPC meeting

Updated 23 Nov, 2023 08:22pm

Markets

Chinese auto giant BYD ‘discusses’ Pakistan’s EV sector potential: Board of Investment

BYD, a Chinese auto conglomerate and the world’s largest electric vehicles (EVs) manufacturer, discussed Pakistan’s...

Updated 23 Nov, 2023 08:12pm

Stocks

Pakistan’s KSE-100 has seen a record year, but how far can the bull run?

Experts say upside still available, but dependent on several factors

Updated 23 Nov, 2023 07:34pm

Cricket

Stokes pulls out of IPL to manage ‘workload’

NEW DELHI: England star Ben Stokes has opted out of next year’s Indian Premier League to manage his “workload and...

Published 23 Nov, 2023 07:31pm

Companies

Nissan set for £1bn UK electric car investment: FT

LONDON: Japanese auto giant Nissan will commit Friday to building electric models of two best-selling cars in...

Published 23 Nov, 2023 07:29pm

Europe

UK net migration hits new high

LONDON: Net migration to the UK hit a record high of 745,000 in 2022, official figures showed Thursday, piling...

Published 23 Nov, 2023 07:04pm

Arts

Canvas Gallery represents Pakistan at 15th edition of Abu Dhabi Art

Abu Dhabi Art debuted largest edition to date as it opened to the public on Wednesday

Updated 23 Nov, 2023 06:27pm

Movies & Music

‘Gripping and intense’: Ranbir Kapoor speaks about his role in ‘Animal’ as trailer released

Actor's latest offering will hit theatres on December 1

Published 23 Nov, 2023 06:22pm

Forex

Sterling rises to highest since early Sept on PMI beat

LONDON: Sterling on Thursday rose to its highest against the dollar since early September after data showed British...

Published 23 Nov, 2023 06:16pm

Forex

Open-market: rupee drifts higher against US dollar

The Pakistani rupee closed higher against the US dollar in the open market on Thursday, while the local currency...

Updated 23 Nov, 2023 05:53pm

Money & Banking

Turkiye central bank hikes rate by 500bps, to complete tightening soon

ISTANBUL: Turkiye’s central bank raised its policy rate by a larger-than-expected 500 basis points to 40% on...

Updated 23 Nov, 2023 05:34pm

Energy

Oil firms face ‘moment of truth’ in climate crisis: IEA

PARIS: Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the...

Published 23 Nov, 2023 05:20pm

Forex

Euro bounces as investors cling to sliver of positive euro zone data

LONDON: The euro rose on Thursday for the first time this week, after data suggested the downturn in the euro zone...

Published 23 Nov, 2023 05:12pm

Middle East

Iran top diplomat meets Hezbollah chief in Lebanon

BEIRUT: Iran’s Foreign Minister Hossein Amir-Abdollahian has met with Hassan Nasrallah, the leader of Hezbollah...

Updated 23 Nov, 2023 05:10pm

Middle East

Doctor at Gaza’s Al-Shifa hospital says director arrested by Israel

GAZA STRIP: A doctor at Gaza’s largest hospital Al-Shifa told AFP that the facility’s director and several other...

Updated 23 Nov, 2023 05:08pm

Cricket

Disney says 518mn Indian users watched cricket World Cup on TV

BENGALURU: A record 518 million Indian viewers watched the recently concluded men’s cricket World Cup matches on...

Updated 23 Nov, 2023 05:06pm

Bullion Rate

Gold price per tola decreases Rs650 in Pakistan

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

Published 23 Nov, 2023 04:40pm

Stocks

Indian shares surrender gains as Cipla tumbles, IT rally ebbs

BENGALURU: Indian blue-chip indexes shed early gains to end flat on Thursday, as IT stocks pulled back after a...

Published 23 Nov, 2023 04:59pm

Europe

EU executive approves 900mn euros in funds for Hungary

BRUSSELS: The European Union executive on Thursday approved 900 million euros ($1 billion) in advance payments under...

Published 23 Nov, 2023 04:52pm

Europe

Turkiye sought Eurofighters after uncertainty over US F-16 buy: source

ANKARA: Turkiye began discussing buying 40 Eurofighter Typhoon jets with European states after it saw that its...

Published 23 Nov, 2023 04:46pm

Pakistan

ECP orders PTI to hold intra-party polls within 20 days to retain bat symbol

Directs party to submit a report within seven days

Updated 23 Nov, 2023 04:13pm

Sports

Afghan spin king Rashid Khan out of Australia’s BBL with back injury

ADELAIDE: Star Afghanistan leg-spinner Rashid Khan pulled out of Australia’s Big Bash League Thursday with a back...

Updated 23 Nov, 2023 03:58pm

Stocks

Commodity stocks lift UK’s FTSE 100

The UK’s FTSE 100 rose on Thursday, snapping a three-day losing streak, supported by a jump in energy shares, while...

Published 23 Nov, 2023 03:02pm

Europe

Ukrainian strike kills Russian actress performing in Ukraine, theatre says

MOSCOW: A Russian actress has been killed in a Ukrainian attack while performing to Russian troops in a...

Published 23 Nov, 2023 03:00pm

Sports

Ex-West Indies star Marlon Samuels banned from cricket for six years

NEW DELHI: Former West Indies star Marlon Samuels has been banned from all cricket for six years for breaching an...

Published 23 Nov, 2023 02:55pm

Stocks

European stocks edge ahead at open

LONDON: Europe’s main stock market indices nudged higher at the start of trading on Thursday, after earlier gains in...

Published 23 Nov, 2023 02:53pm

Movies & Music

Actor Jamie Foxx accused of sexual abuse in New York lawsuit

Oscar-winning actor Jamie Foxx was accused of sexual assault in a lawsuit filed in New York City on Wednesday that...

Published 23 Nov, 2023 01:36pm

Forex

South African rand gains ahead of central bank’s rate decision

JOHANNESBURG: The South African rand was stronger in early trade on Thursday ahead of a key interest rate decision...

Published 23 Nov, 2023 01:15pm

Forex

Russian rouble firms, heading back towards near five-month peak

MOSCOW: The Russian rouble strengthened on Thursday, heading back towards a near five-month high hit earlier this...

Published 23 Nov, 2023 01:02pm

Stocks

Hong Kong dips at the open

HONG KONG: Hong Kong stocks opened slightly lower Thursday, brushing off gains on Wall Street, after data showed US...

Published 23 Nov, 2023 12:53pm

Sports

Australian openers vie for attention in Pakistan warm-up

SYDNEY: Aspiring Test openers Cameron Bancroft, Marcus Harris and Matt Renshaw were all included in a strong...

Published 23 Nov, 2023 12:25pm

Sports

Klinsmann urges China to free detained S.Korea player for Christmas

SEOUL: South Korea coach Jurgen Klinsmann has called on the Chinese government to release World Cup midfielder Son...

Published 23 Nov, 2023 12:13pm

Europe

Fossil fuels in the crosshairs at pivotal COP28 talks

PARIS: World leaders will face a reckoning over humanity’s failure to curb climate-heating emissions and polluting...

Published 23 Nov, 2023 12:12pm

South Asia

Ambulances on standby as Indian rescuers near 41 trapped workers

SILKYARA TUNNEL: Ambulances were on standby Thursday morning as Indian rescuers dug through the final metres of...

Published 23 Nov, 2023 12:05pm

Asia

North Korea received Russian aid for satellite launch

SEOUL: North Korea got help from Russia for its successful launch of a reconnaissance satellite this week, South...

Published 23 Nov, 2023 11:55am

Business & Finance

J.P.Morgan raises UK’s 2024 GDP growth forecast to 0.4%

J.P.Morgan on Wednesday raised UK’s economic growth forecast to 0.4% from 0.2% expected earlier. JPMorgan Chase...

Published 23 Nov, 2023 11:53am

Energy

Oil and gas investment could halve by 2030 to meet climate goal: IEA

PARIS: The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal...

Published 23 Nov, 2023 11:51am

Europe

Macron to unveil 2.1bn eur Novo Nordisk pharma investment in France

PARIS: French President Emmanuel Macron will on Thursday inaugurate a 2.1 billion euro ($2.3 billion) investment by...

Published 23 Nov, 2023 11:49am

Forex

Asian FX, stocks rangebound after US data rekindles interest rate woes

Asian markets struggled for direction on Thursday in holiday-thin trade, with Malaysia’s ringgit and Indonesia’s...

Published 23 Nov, 2023 11:48am

Business & Finance

Singapore Oct core inflation picks up to 3.3% y/y

SINGAPORE: Singapore’s key consumer price gauge rose 3.3% in October on a yearly basis, higher than economists’...

Published 23 Nov, 2023 11:47am

Asia

WHO asks China for details on outbreaks of respiratory illness

The World Health Organization (WHO) has asked China for details on an increase in respiratory illnesses and reported...

Published 23 Nov, 2023 11:45am

Sports

Australian Open chief still confident Nadal will be back in Melbourne

MELBOURNE: Australian Open chief Craig Tiley said he remained confident Rafa Nadal would be at Melbourne Park in...

Published 23 Nov, 2023 11:43am

Europe

Ukraine’s farmers pin hopes on export corridor as war cost mounts

KYIV/PARIS: Ukraine’s efforts to revive sea exports in defiance of Russia’s military blockade have given a glimmer...

Published 23 Nov, 2023 11:40am

Energy

QatarEnergy is beneficiary of $570mn ruling against Endesa

MILAN/MADRID/LONDON: QatarEnergy is the company to which Spanish power utility Endesa will have to pay $570 million...

Published 23 Nov, 2023 11:38am

Mutual Funds

India bond yields seen little changed amid lack of fresh cues

MUMBAI: Indian government bond yields are likely to be little changed in the early session on Thursday amid a lack...

Published 23 Nov, 2023 11:10am

Commodities

Palm retreats on weaker Dalian vegetable oils

JAKARTA: Malaysian palm oil futures opened lower on Thursday after three consecutive sessions of gains, with...

Published 23 Nov, 2023 11:02am

USA

Biden, first lady to attend Georgia service for Rosalynn Carter

US President Joe Biden and the first lady, Jill Biden, will attend a service for former first lady Rosalynn Carter...

Published 23 Nov, 2023 11:01am

Business & Finance

Thai economy in ‘crisis’ and needs major stimulus

BANGKOK: Thai Prime Minister Srettha Thavisin on Thursday said the country’s economy was in “crisis”, stressing the...

Published 23 Nov, 2023 10:58am

Stocks

Asia stocks hold recent gains as confidence grows on rate outlook

HONG KONG: Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows...

Published 23 Nov, 2023 10:51am

Forex

Australian dollar supported by hawkish Bullock, yields jump

SYDNEY: The Australian dollar was underpinned on Thursday by hawkish comments from its central bank chief, while...

Published 23 Nov, 2023 10:48am

USA

Fiery Rainbow Bridge car crash at US-Canada border kills 2; terrorism ruled out

WASHINGTON: A speeding car crashed in flames on the bridge linking New York state and Ontario at Niagara Falls on...

Published 23 Nov, 2023 10:45am

Pakistan

Cipher case: special court orders production of Imran, Qureshi on Nov 28

Judge Abul Hasnaat Zulqarnain presides over hearing today at the Judicial Complex in G-11 instead of Adiala Jail

Published 23 Nov, 2023 10:41am

Commodities

London nickel nosedives to 2-1/2 year low on oversupply pressures

Nickel prices fell on Thursday, with the London contract hitting its lowest level in more than two-and-a-half years,...

Published 23 Nov, 2023 10:41am

Forex

China’s yuan hovers around 4-month highs on firmer official guidance fix

SHANGHAI: China’s yuan hovered around a four-month high against the dollar on Thursday, supported by a firmer...

Published 23 Nov, 2023 10:34am

Bullion Rate

Gold gains as weaker US dollar, yields lift demand

Gold prices rose on Thursday, hovering close to a key $2,000 per ounce level, as an overall weaker US dollar and...

Published 23 Nov, 2023 10:32am

Stocks

China stocks struggle as investors await recovery, stimulus clues

SHANGHAI: China stocks struggled for direction on Thursday as investors remained cautious on domestic economic...

Published 23 Nov, 2023 10:30am

World

Argentina’s Milei thanks Chinese president, in softening of tone

BUENOS AIRES: Argentine President-elect Javier Milei on Wednesday thanked Chinese President Xi Jinping for a letter...

Published 23 Nov, 2023 10:27am

Stocks

Inflows and oil prices to boost rupee, countering dollar’s recovery

MUMBAI: The Indian rupee is expected to open higher-to-flat on Thursday with the drop in oil prices and inflows...

Published 23 Nov, 2023 10:17am

Stocks

Indian shares set to open higher tracking US peers

BENGALURU: Indian blue-chip indexes are set to open higher on Thursday, tracking US peers, after fresh economic data...

Published 23 Nov, 2023 10:16am

Middle East

No Gaza hostage release before Friday, Israel, US say

GAZA/OCCUPIED JERUSALEM: The release of hostages under a temporary truce between Israel and Palestinian Hamas will...

Published 23 Nov, 2023 10:09am

Stocks

Miners and energy stocks drag Australian shares lower

Australian shares fell on Thursday led by the losses in miners and energy stocks, a day after country’s top central...

Published 23 Nov, 2023 10:00am

Forex

Holiday thins trading after data nudges dollar higher

SINGAPORE: Currency markets were lulled by holidays in Japan and the United States on Thursday, leaving the US...

Published 23 Nov, 2023 09:56am

Additional tax on windfall income, profits, gains: Banks given Nov 30 deadline to make payment

FBR specifies that the rate of tax for the purpose of the said section 99D shall be 40 percent

Updated 23 Nov, 2023 09:55am

NTDC unveils Rs510bn revised TIP

ISLAMABAD: National Transmission and Despatch Company (NTDC) on Wednesday unveiled revised Transmission Investment...

Updated 23 Nov, 2023 09:43am

OPEC+ postpones policy meeting to 30th, oil drops

DUBAI/LONDON: OPEC+ has delayed a ministerial meeting expected to discuss oil output cuts to Nov. 30 from Nov. 26 as...

Updated 23 Nov, 2023 09:42am

Hydel projects: PM orders payment of arrears to KP

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed that Khyber-Pakhtunkhwa should immediately be...

Updated 23 Nov, 2023 09:24am

COP-28 in UAE: Institutions, depts must present stand on climate finance: PM

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar has directed all the relevant departments and institutions...

Updated 23 Nov, 2023 09:23am

Jul-Oct 2023-24: Rs300.9bn authorised for projects under PSDP

ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has authorised Rs300.9 billion (31.67...

Updated 23 Nov, 2023 09:22am

BR Research

FDI in 4MFY24

The country attracted half a billion in foreign direct investment during the first 4 months of FY24 (4MFY24), a...

Published 23 Nov, 2023 09:15am

BR Research

Power generation: Tanks again

Whether or not it is an aberration, time will tell, but October 2023 power generation numbers are surely a dampener....

Published 23 Nov, 2023 09:11am

BR Research

Attock Petroleum Limited

Attock Petroleum Limited (PSX: APL) was Incorporated in 1998 as an oil marketing company It is part of the...

Published 23 Nov, 2023 09:06am

GSP review: EU identifies major challenges facing Pakistan

ISLAMABAD: The European Union (EU) has said that political turmoil, constitutional challenges, economic crisis, high...

Updated 23 Nov, 2023 08:46am

Economist terms energy sector ‘black hole’

ISLAMABAD: Dr Hafeez Pasha, former finance minister, Wednesday, while identifying key areas which undermine human...

Updated 23 Nov, 2023 08:45am

16-member ‘Export Advisory Council’ formed

ISLAMABAD: Commerce Ministry has constituted sixteen-member Export Advisory Council headed by Commerce Minister to...

Updated 23 Nov, 2023 08:44am

Cash credit limit: ECC’s approval sought for Punjab, Sindh

ISLAMABAD: Ministry of National Food Security and Research (M/s NFS&R) has sought ECC approval for Cash Credit...

Updated 23 Nov, 2023 08:44am

Israeli govt, Hamas reach 4-day truce

GAZA/OCCUPIED JERUSALEM: Israel and Hamas agreed on Wednesday to a ceasefire in Gaza for at least four days, to let...

Updated 23 Nov, 2023 08:43am

BR’s refresher: your morning briefing for the day

Important updates from November 22, 2023

Published 23 Nov, 2023 08:42am

Opinion

Only Gaza will decide about its future

Now is the time, with a four-day truce in place, to listen to the resistance in Gaza about a solution to the ...