News Archives for Latest - 2023-11-24

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Archive - 2023-11-24

World

US embassy in Lebanon hails ‘12 hours of calm’ on border with Israel

BEIRUT: The US embassy in Lebanon on Friday said there had been 12 hours of calm along the Blue Line marking the...

Published 24 Nov, 2023 11:55pm

Energy

PPL commences oil & gas production from Punjab

Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, has commenced production of...

Updated 24 Nov, 2023 10:48pm

Forex

Open-market: rupee slips slightly against US dollar

The Pakistani rupee recorded losses against the US dollar in the open market on Friday, while the local currency...

Updated 24 Nov, 2023 10:47pm

Pakistan

Caretaker FM says Pakistan ready to airlift injured Palestinians

Says Pakistan is also in contact with Jordan and Egypt on this matter

Updated 24 Nov, 2023 10:41pm

Energy

Pakistan LNG gets bids from OQ Trading, others for Jan import tender

SINGAPORE: Pakistan LNG Ltd has received bids from OQ Trading, QatarEnergy Trading, Trafigura and Vitol for a cargo...

Updated 24 Nov, 2023 10:40pm

Forex

New high: KSE-100 crosses 59,000 as bulls maintain grip

Benchmark index has been on a gaining spree since the last week of June

Updated 24 Nov, 2023 10:33pm

Pakistan

PPP refutes rumours of differences between Bilawal and Zardari

Party insists Bilawal's trip to Dubai was scheduled after KP visit

Updated 24 Nov, 2023 10:32pm

Middle East

Hamas releases 24 hostages on first day of Gaza truce, Red Cross confirms

Qatar says 39 Palestinian women, children released from Israeli jails

Updated 24 Nov, 2023 10:31pm

Energy

Oil prices steady ahead of OPEC+ oil production decision

Global benchmark Brent crude oil hovered above $81 a barrel on Friday ahead of next week’s OPEC+ meeting, which...

Updated 24 Nov, 2023 10:31pm

Pakistan

‘Court’s favourite’ Imran being provided facilities unimaginable for common people: Bugti

Says facilities being provided to Imran were more than those provided to an ordinary prisoner or a prime minister behind bars

Updated 24 Nov, 2023 10:13pm

Business & Economy

Privatisation of SOEs: caretaker PM Kakar says ‘tangible results’ expected by mid-January

Pakistan International Airlines (PIA) on priority in sell-off list
Interim prime minister also dismisses notion that people leaving Pakistan sign of failure

Updated 24 Nov, 2023 10:03pm

Sports

Imad Wasim announces retirement from international cricket

He last played for Pakistan in April this year

Updated 24 Nov, 2023 09:39pm

Business & Finance

US business activity steady in November: S&P Global survey

WASHINGTON: US business activity held steady in November, but employment in the private sector declined for the...

Published 24 Nov, 2023 08:34pm

Sports

Man City innocent until proven guilty, says Guardiola

Manchester City are innocent until proven guilty of over 100 charges of breaking the Premier League’s financial...

Published 24 Nov, 2023 08:27pm

Sports

Xavi confirms Barca ’keeper Ter Stegen out for Rayo clash

BARCELONA: Barcelona coach Xavi confirmed goalkeeper Marc-Andre ter Stegen will miss the Spanish champions’ La Liga...

Published 24 Nov, 2023 08:06pm

Middle East

Happy but uncertain, displaced Palestinians try to head home to north Gaza

KHAN YOUNIS: Many joyful but wary Palestinians emerged from makeshift shelters at the start of the four-day Gaza...

Published 24 Nov, 2023 07:46pm

Technology

Putin says Russia must rival ‘dangerous’ Western AI

MOSCOW: President Vladimir Putin said on Friday that the West had a “dangerous” monopoly over artificial...

Published 24 Nov, 2023 07:32pm

Europe

Air pollution behind over 250,000 deaths in Europe in 2021

STOCKHOLM: Fine particle pollution caused the deaths of over 250,000 people in the European Union in 2021, according...

Published 24 Nov, 2023 07:26pm

Stocks

Wall St set for subdued open in shortened trading session

US stocks were poised for a largely muted open on Friday in a shortened trading session for Thanksgiving, while...

Published 24 Nov, 2023 07:23pm

Europe

‘Dublin is safe’ says Irish PM Varadkar after 34 arrested in riots

DUBLIN: Irish Prime Minister Leo Varadkar said on Friday it was safe to return to Dublin city centre after police...

Published 24 Nov, 2023 07:17pm

Bullion Rate

Gold price per tola down Rs150 in Pakistan

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

Updated 24 Nov, 2023 06:59pm

Forex

Kenyan shilling slips against dollar on fuel importer demand

The Kenyan shilling edged lower on Friday on foreign exchange demand from fuel importers and companies seeking to...

Published 24 Nov, 2023 06:48pm

Companies

Tesla ready to invest up to $2bn to build India factory, but with riders

BENGALURU: Tesla is ready to invest up to $2 billion to set up a factory in India if the government cuts import duty...

Published 24 Nov, 2023 06:37pm

Europe

Kremlin says NATO’s desire for a ‘military Schengen’ zone in Europe ratchets up tensions

MOSCOW: The Kremlin said on Friday that NATO’s desire to have a military analogue of the Schengen Zone in Europe to...

Published 24 Nov, 2023 06:35pm

Stocks

London stocks set for weekly losses amid broad selloff

UK stocks fell on Friday in a broad selloff, led by losses in the automotive and personal goods sectors, while a...

Updated 24 Nov, 2023 06:31pm

Stocks

European shares poised for weekly gains on media, retail boost

Europe’s benchmark share index was flat on Friday even as eurozone bond yields remained higher, but was on course...

Updated 24 Nov, 2023 06:24pm

Commodities

Uganda October coffee exports up 3% on bumper crop in southwest

KAMPALA: Uganda’s coffee exports in October were up 3.4% year on year, helped by a bumper crop in the southwest of...

Published 24 Nov, 2023 06:20pm

Stocks

Indian shares log fourth week of gains on auto, pharma boost

BENGALURU: India’s benchmark indexes saw a fourth straight week of gains, led by improved growth prospects in auto...

Updated 24 Nov, 2023 06:18pm

Middle East

‘Extremely concerned’ about those left in Al Shifa Hospital: WHO

GENEVA: A World Health Organization spokesperson said on Friday that it was working on further evacuations from...

Published 24 Nov, 2023 06:14pm

Middle East

Dolls, doctors and helicopters await Israeli hostages at Gaza’s gate

OCCUPIED JERUSALEM: The first Israeli women and children to go free from Gaza on Friday under a truce with their...

Published 24 Nov, 2023 06:11pm

Forex

Inter-bank: rupee endures back-to-back losses against US dollar

Currency depreciates 0.04%, settles at 285.37 against dollar

Updated 24 Nov, 2023 06:09pm

Forex

Dollar eases in thin Black Friday trading on bets rates have peaked

LONDON/SINGAPORE: The dollar slipped on Friday as investors bet US interest rates have peaked, while the yen edged...

Updated 24 Nov, 2023 06:07pm

Commodities

Copper on track for another weekly gain

LONDON: Copper prices in London were on track for a second consecutive weekly gain on Friday, helped by efforts to...

Updated 24 Nov, 2023 06:02pm

Money & Banking

India bond yields rise after supply, end week higher

MUMBAI: Indian government bond yields rose on Friday after weaker-than-expected demand at the weekly debt auction,...

Updated 24 Nov, 2023 05:56pm

Business & Finance

ECB chief Lagarde admits her son lost crypto cash

FRANKFURT: No one is a prophet in their own land, including European Central Bank President Christine Lagarde, who...

Published 24 Nov, 2023 05:53pm

Sports

Arsenal have Jesus, Odegaard available after international break

Arsenal forward Gabriel Jesus and midfielder Martin Odegaard have returned from the international break fit to face...

Published 24 Nov, 2023 05:44pm

Travel

Dubai: Burj Khalifa’s NYE fireworks set to thrill audiences

Record number of firing positions and pyrotechnic elements will be incorporated

Published 24 Nov, 2023 05:43pm

South Asia

India warns Facebook, YouTube to enforce rules to deter deepfakes

BENGALURU: India’s government on Friday warned social media firms including Facebook and YouTube to repeatedly...

Published 24 Nov, 2023 05:33pm

Commodities

South Korea’s FLC buys some 50,000 T corn in private deal

HAMBURG: South Korea’s Feed Leaders Committee (FLC) purchased around 50,000 metric tons of animal feed corn in a...

Published 24 Nov, 2023 05:27pm

Forex

Sterling nears three-month high; UK consumers more upbeat

LONDON: The pound rose on Friday nearing its highest in almost three months, lifted in part by a broad-based retreat...

Published 24 Nov, 2023 05:25pm

Stocks

UAE shares edge up on steady oil, Israel and Hamas truce

Stock markets in the United Arab Emirates rebounded from previous losses to close slightly up on Friday, supported...

Published 24 Nov, 2023 05:23pm

Commodities

Gold set for second weekly gain as dollar crumbles on Fed pause bets

Gold held its ground on Friday, on track to log its second consecutive weekly rise as analysts stepped up bets that...

Updated 24 Nov, 2023 05:21pm

Stocks

Sri Lankan shares close almost flat

BENGALURU: Sri Lankan shares ended marginally higher on Friday, aided by gains in industrial and consumer...

Published 24 Nov, 2023 05:19pm

Europe

Three positive climate developments

PARIS: While humanity’s efforts to curb planet-warming emissions are nowhere near enough to avoid heating the world...

Published 24 Nov, 2023 05:15pm

South Asia

14 metres to freedom: Final push to free Indian tunnel workers

SILKYARA TUNNEL: Just a few metres of rock and earth separate Indian rescue teams from 41 workers who have been...

Published 24 Nov, 2023 05:09pm

Stocks

Hong Kong stocks head into weekend with losses

HONG KONG: Hong Kong shares finished the week with a big loss on Friday following the previous day’s rally, even as...

Updated 24 Nov, 2023 05:05pm

Europe

Russia attacking Avdiivka ‘from all directions,’ says Kyiv

KYIV: A third wave of Russian forces is attacking the eastern Ukrainian town of Avdiivka and systematically shelling...

Published 24 Nov, 2023 05:03pm

Companies

Nissan accelerates UK electric car production

SUNDERLAND: Japanese auto giant Nissan announced Friday it would invest up to £2 billion in UK electric car...

Updated 24 Nov, 2023 04:59pm

Europe

France ‘counting on China’ to ensure no support for Russia in Ukraine

BEIJING: France is hoping Beijing will be “vigilant” against any Chinese support for Russia’s war in Ukraine,...

Published 24 Nov, 2023 04:55pm

South Asia

Hundreds of Rohingya refugees set sail from Bangladesh

COX’S BAZAR: At least three boats carrying hundreds of Rohingya refugees set sail from Bangladesh this week,...

Published 24 Nov, 2023 04:52pm

Sports

Russell tops Abu Dhabi practice as rookie Drugovich shines

ABU DHABI: George Russell topped the times for Mercedes in Friday’s opening practice at this weekend’s season-ending...

Published 24 Nov, 2023 04:45pm

Middle East

Palestinians say 24 women, 15 teenaged males to be freed from Israeli jails

RAMALLAH: Israel will on Friday release 39 Palestinians prisoners, among them 24 women and 15 teenaged males, in the...

Updated 24 Nov, 2023 04:17pm

Commodities

Palm books weekly loss on weaker Dalian vegetable oils

JAKARTA: Malaysian palm oil futures posted their first weekly drop in three as the contract fell for a second...

Published 24 Nov, 2023 04:09pm

South Asia

Sri Lanka expects IMF board approval of first review next month: central bank chief

COLOMBO: Sri Lanka expects the International Monetary Fund to approve the first review of its bailout programme next...

Published 24 Nov, 2023 03:41pm

Companies

Reviews: tech reviewers impressed by vivo V29e 5G

The vivo V29e 5G has emerged in the dynamic realm of smartphones like a shooting star, seamlessly combining rapid...

Published 24 Nov, 2023 03:28pm

South Asia

China offers visa-free entry for citizens of France, Germany, Italy

BEIJING: China will temporarily exempt citizens from France, Germany, Italy, the Netherlands, Spain and Malaysia...

Published 24 Nov, 2023 02:49pm

Energy

Indian Oil to double Ennore LNG terminal’s capacity to 10mn tpy

NEW DELHI: Indian Oil Corp, the country’s top refiner, aims to double the capacity of its liquefied natural gas...

Published 24 Nov, 2023 02:40pm

Stocks

China stocks end lower on massive foreign outflows, weak sentiment

SHANGHAI: China stocks closed lower on Friday as investors maintained a cautious stance over the country’s sluggish...

Published 24 Nov, 2023 02:35pm

Middle East

Aid trucks enter Gaza from Egypt after truce begins

RAFAH: Aid trucks were entering the Gaza Strip from Egypt on Friday, around 1-1/2 hours after a truce began between...

Published 24 Nov, 2023 02:30pm

Pakistan

Indian plane makes emergency landing in Karachi

KARACHI: Indian Passenger Airline Indigo Air on Thursday made an emergency landing at Jinnah Airport Karachi....

Updated 24 Nov, 2023 02:29pm

Movies & Music

A century after debut, UK music store HMV makes Oxford Street return

LONDON: British music store HMV will on Black Friday return to its former flagship store on London’s Oxford Street...

Published 24 Nov, 2023 02:20pm

Movies & Music

Sean ‘Diddy’ Combs accused of 1991 sexual assault in second suit

Sean “Diddy” Combs has been accused of drugging and sexually assaulting a university student in 1991 in a lawsuit...

Published 24 Nov, 2023 02:05pm

Sports

Sinner enjoying the ‘privilege’ of Davis Cup pressure

Jannik Sinner said he was embracing the pressure of the Davis Cup Finals after pulling double duty to help former...

Published 24 Nov, 2023 01:14pm

Europe

IMF chief calls on Italy, France, Spain to ‘buckle up’ on debt

PARIS: Italy, France, and Spain must do more to tackle rising debt and deficit levels, IMF chief Kristalina...

Published 24 Nov, 2023 01:02pm

South Asia

Top Seoul, Tokyo, Beijing envoys to meet for first time since 2019

SEOUL: The foreign ministers of South Korea, Japan and China will hold their first trilateral talks since 2019 this...

Published 24 Nov, 2023 12:57pm

South Asia

Afghan embassy in India announces ‘permanent closure’

NEW DELHI: Afghanistan’s embassy in India announced its “permanent closure” Friday, more than two years after the...

Published 24 Nov, 2023 12:40pm

Europe

Russia says downed 16 Ukrainian drones in south, Crimea

MOSCOW: Russia said Friday it had destroyed 16 Ukrainian drones in the south of the country and over the annexed...

Published 24 Nov, 2023 12:31pm

Stocks

Tokyo stocks end higher

TOKYO: Tokyo shares closed higher on Friday as investors took heart from a rebound on Wall Street and the yen’s...

Updated 24 Nov, 2023 12:26pm

Pakistan

Nawaz visits Murree, steps up criticism of PTI

MURREE: Supreme leader of Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif has said that political gains hold no...

Updated 24 Nov, 2023 11:01am

Middle East

Israel, Hamas to start first truce in Gaza war

DOHA/GAZA: Israel and Hamas start a four-day truce on Friday morning with the Hamas to release a first group of 13...

Published 24 Nov, 2023 10:40am

Technology

Startup founders: why this Pakistani couple moved to Dubai after setting up Metric

Meenah Tariq and Omar Parvez Khan set up Metric in 2022 - an app that simplifies accounting and finance for...

Updated 24 Nov, 2023 10:23am

South Asia

China hopes Russia will provide policy support to Chinese auto firms

BEIJING: China hopes Russia will give policy support for Chinese automobile enterprises to produce, sell and operate...

Published 24 Nov, 2023 10:21am

Commodities

Japanese futures rebound on inflation uptick; set for weekly decline

SINGAPORE: Japanese rubber futures rose on Friday after two sessions of losses, buoyed by reports of inflation...

Published 24 Nov, 2023 10:14am

First-ever IT and ITeS export strategy unveiled

Caretaker Federal Minister for Information Technology and Telecommunications says country has the potential of increasing the exports to $12-15 billion

Updated 24 Nov, 2023 10:11am

Europe

French foreign minister visits China to soothe ties after EV probe

BEIJING/PARIS: French Foreign Minister Catherine Colonna is set to meet the Chinese leadership in Beijing on Friday...

Published 24 Nov, 2023 10:08am

Sports

Djokovic says British fans disrespectful during Davis Cup win

Novak Djokovic accused British fans of disrespect during Serbia’s Davis Cup quarter-final victory in Malaga on...

Published 24 Nov, 2023 09:57am

Stocks

South Korean shares slip in muted trading; set for fourth weekly gain

The benchmark KOSPI fell 8.33 points, or 0.33%, to 2,506.63

Published 24 Nov, 2023 09:54am

Forex

Indian rupee to gauge local dollar demand amid US, India holidays

MUMBAI: The Indian rupee is likely to open little changed on Friday and be driven by local demand for U.S. dollars...

Published 24 Nov, 2023 09:51am

Coal power project at Gwadar: Chinese firm shows ‘conditional’ willingness to commence work

ISLAMABAD: Chinese firm, CIHC Pak Power Company (Pvt) Limited (CPPCL) is said to have shown willingness to commence...

Updated 24 Nov, 2023 09:51am

Commodities

Palm extends losses on weaker Dalian vegetable oils, set for weekly drop

JAKARTA: Malaysian palm oil futures dropped for a second session on Friday, heading to a first weekly drop in three...

Published 24 Nov, 2023 09:49am

Economic growth has to be backed by structural reforms: Shamshad

ISLAMABAD: Caretaker Federal Minister for Finance Dr Shamshad Akhtar has said political and economic instability...

Updated 24 Nov, 2023 09:44am

CPEC second phase: Minister, China’s envoy discuss ways to expand cooperation

ISLAMABAD: Caretaker Minister of Commerce and Industries, Gohar Ijaz and Chinese Ambassador Jiang Zaidong, met on...

Updated 24 Nov, 2023 09:43am

Auto sector: Govt mulling revalidating import quotas of new entrants

ISLAMABAD: The government is considering revalidating import quotas of new entrants till June, 30, 2023 in the light...

Updated 24 Nov, 2023 09:42am

Commodities

Iron ore rangebound as property optimism offsets intervention fears

BEIJING: Iron ore futures moved within a tight range on Friday, as traders gauged lingering fears following...

Published 24 Nov, 2023 09:41am

Money & Banking

Sri Lanka cuts rates to boost growth, signals pause in further easing

COLOMBO: Sri Lanka’s central bank lowered interest rates on Friday in an unexpected move to boost growth but...

Published 24 Nov, 2023 09:37am

Stocks

Indian shares open higher on improved global rate outlook

BENGALURU: Indian shares opened marginally higher on Friday and are set for a fourth straight weekly gain on...

Published 24 Nov, 2023 09:34am

South Asia

US Navy ‘excited’ by prospect of better communication with China, but says more work needed

HONG KONG: The U.S. Navy was “excited” by the prospect of improved operational communications with the Chinese...

Published 24 Nov, 2023 09:31am

Forex

Australia, NZ dollars flatline but upward momentum builds

SYDNEY: The Australian and New Zealand dollars were flat on Friday in a U.S. holiday impacted market, but they were...

Published 24 Nov, 2023 09:26am

Documented cigarette manufacturers, other sectors: FBR likely to increase prices of tax stamps

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to increase the prices of tax stamps used by documented...

Updated 24 Nov, 2023 09:20am

FBR-Nadra body tasked to broaden tax base

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday constituted a high-level technical committee of National...

Updated 24 Nov, 2023 09:18am

Energy

Nepra approves Rs1.52 per unit surcharge on KE consumers

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved surcharge of Rs 1.52 per unit on KE...

Updated 24 Nov, 2023 09:01am

Bahria Town case: NBP directed to remit remittance amount to SC account

ISLAMABAD: National Bank of Pakistan has been directed to remit the amount received in foreign remittance in the...

Updated 24 Nov, 2023 09:00am

Alteration in PD’s draft summary on KE issues proposed

ISLAMABAD: Ministry of Privatisation has proposed alteration in Power Division’s draft summary on K-Electric (KE)...

Updated 24 Nov, 2023 08:59am

Business & Finance

Rabi: ECC allows import of urea on G2G tender basis

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to allow import of 200KMT urea on...

Updated 24 Nov, 2023 08:59am

BR’s refresher: your morning briefing for the day

Important updates from November 23, 2023

Published 24 Nov, 2023 08:46am

BR Research

Oil: Will Opec hit back hard?

Opec delaying its scheduled meeting by four days has taken the market by surprise – initiating a selloff that saw...

Published 24 Nov, 2023 08:32am

BR Research

Autos: Ghosts of markets past

In the days leading up to December, which will mark the end of the calendar year and six months to the fiscal year...

Published 24 Nov, 2023 08:30am

BR Research

An interview with Asim Jaffry, Country Programme Lead of Fair Finance Pakistan

‘Finance should not be neutral’ Asim Jaffry has over 16 years of experience at the national and international level...

Published 24 Nov, 2023 08:27am

Opinion

Managing public investment the mission-oriented way

Two renowned intellectuals – Greece’s former finance minister Yanis Varoufakis, and columnist for Guardian ...

Updated 24 Nov, 2023 06:37am

Opinion

Lessons from IMF’s Country Report

The International Monetary Fund (IMF) published on November 17, 2023 Country Report No. 23/370 titled Pakistan...

Updated 24 Nov, 2023 06:34am

World

UN vote challenges OECD global tax leadership

PARIS: The Organisation for Economic Cooperation and Development’s leadership on global tax coordination has come...