News Archives for Latest - 2024-10-11

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Pakistan

PM Shehbaz pledges financial support for capacity building of police

Prime Minister Shehbaz Sharif on Friday said that all possible financial support will be extended for professional...

Updated 12 Oct, 2024 02:41am

World

Israeli army says fired at ‘immediate threat’ near UN position in Lebanon

JERUSALEM: The Israeli military said its forces fired at a threat near a UN peacekeeping mission position on Friday...

Published 11 Oct, 2024 11:32pm

World

Iran says has recovered body of general killed alongside Nasrallah

TEHRAN: Iran said Friday it had recovered the body of a Revolutionary Guards general killed alongside Hezbollah...

Published 11 Oct, 2024 10:59pm

Markets

ECC allows additional export of 500,000 MT of surplus sugar

Decision taken in view of availability of sufficient surplus stocks, Finance Division says

Updated 11 Oct, 2024 10:36pm

Pakistan

At least 20 killed in attack on miners in Balochistan’s Duki

Dead include four Afghan nationals

Updated 11 Oct, 2024 10:35pm

Stocks

KSE-100 ends marginally positive but after seeing selling pressure

The KSE-100 Index closed nearly flat on Friday after the index swayed in both directions amid concerns related to...

Updated 11 Oct, 2024 10:31pm

Markets

IMF flags risks to Pakistan’s repayment capacity

In staff report, lender says risks, notably from high public debt and gross financing needs, low gross reserves and sociopolitical factors, could jeopardise policy implementation and erode repayment capacity and debt sustainability

Updated 11 Oct, 2024 10:31pm

Forex

Rupee strengthens marginally against US dollar

Currency settles at 277.64 against greenback in inter-bank market

Updated 11 Oct, 2024 10:30pm

Companies

Pakistan’s listed firms announce key partnerships with Saudi companies

Pakistan’s listed companies, including Citi Pharma Limited and Pakistan Cables, have entered into agreements with...

Updated 11 Oct, 2024 10:12pm

Markets

‘Living standards’: Pakistan lagging behind regional peers, says IMF

The International Monetary Fund (IMF) said Pakistan has “moved further and further behind” its regional peers in...

Updated 11 Oct, 2024 09:21pm

Energy

Oil on track for weekly climb on potential Mideast supply disruption

Brent crude oil futures down 20 cents, or 0.25%, at $79.20 a barrel

Updated 11 Oct, 2024 09:17pm

Middle East

UNRWA chief says many Palestinians camps in Lebanon empty after Israeli strikes

BEIRUT: Most Palestinian refugees living in camps in southern Lebanon or near Beirut have fled following escalating...

Published 11 Oct, 2024 08:45pm

Asia

Antony Blinken says US wants Lebanon solution, not ‘broader conflict’

VIENTIANE: US Secretary of State Antony Blinken voiced hope Friday for a diplomatic solution in Lebanon and...

Updated 11 Oct, 2024 08:36pm

Stocks

S&P 500, Dow rise on boost from big bank earnings

The S&P 500 rose and the Dow hit a record high on Friday, driven by gains in major banks following third-quarter...

Published 11 Oct, 2024 08:20pm

PM Shehbaz pledges financial support for capacity building of police

Published 11 Oct, 2024 07:13pm

Cricket

Masood admits England defeat ‘a harsh reality’ for Pakistan

MULTAN: Pakistan captain Shan Masood admitted England taught his team a “harsh reality” on how to win a Test with...

Published 11 Oct, 2024 06:48pm

Opinion

From ‘Doing Business’ report to ‘B-Ready’ report: some reflections

In a statement released on September 16, 2021, World Bank Group (WBG) indicated discontinuation of its ‘Doing...

Updated 11 Oct, 2024 06:40pm

Middle East

Israeli strikes kill 22 in Beirut as Hezoballah leader evades assassination

BEIRUT/OCCUPIED JERUSALEM: Israeli strikes killed 22 people and injured more than 100 in central Beirut on Thursday,...

Updated 11 Oct, 2024 06:30pm

USA

Blinken says Asia concerned about spread of Middle East conflict

VIENTIANE, LAOS: US Secretary of State Antony Blinken said on Friday there was deep concern in Asia about the...

Published 11 Oct, 2024 06:23pm

Europe

EU expected to issue first sanctions for Iranian ballistic missile transfer to Russia

BRUSSELS: The European Union will designate individuals or organisations for sanctions over Iranian transfer of...

Published 11 Oct, 2024 06:08pm

President Zardari meets Russian counterpart Vladimir Putin in Turkmenistan

Published 11 Oct, 2024 05:38pm

Energy

Global LNG: Asian spot LNG slips on tepid demand, ample supply

SINGAPORE: Asian spot liquefied natural gas (LNG) slightly slipped this week as demand remains tepid amid ample...

Published 11 Oct, 2024 05:21pm

Forex

India’s FX reserves halt 7-week rising streak, come off record high

MUMBAI: India’s foreign exchange reserves fell for the first time in eight weeks and came off a record high to stand...

Published 11 Oct, 2024 05:09pm

Stocks

Fertiglobe boosts Abu Dhabi, Dubai extends gain

Stock exchanges in United Arab Emirates closed higher on Friday, with Abu Dhabi boosted by a surge in Adnoc and OCI-...

Published 11 Oct, 2024 05:02pm

Stocks

Foreign outflows, earnings anxieties topple Indian shares for second week

Indian benchmarks logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate...

Published 11 Oct, 2024 04:59pm

Stocks

Sri Lanka shares end higher boosted by energy, IT gains

CSE All Share index settled up 1.07% at 12,294.03 points

Published 11 Oct, 2024 04:55pm

Commodities

Aluminium rises on Guinea raw material supply concerns

LONDON: Aluminium prices rose in London on Friday on concerns that supply disruptions from major exporter of the...

Published 11 Oct, 2024 04:53pm

Commodities

Palm surges on rival oils and cargo surveyor data, logs 4th weekly gain

KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Friday and logged a fourth straight weekly gain,...

Published 11 Oct, 2024 04:51pm

Recorder headlines

Published 11 Oct, 2024 04:36pm

Commodities

Gold price per tola increases Rs2,700 in Pakistan

After decreasing in the previous session, gold prices in Pakistan surged on Friday in line with their increase in...

Updated 11 Oct, 2024 04:30pm

Forex

Kenyan shilling will stay steady vs dollar, traders say

NAIROBI: Kenya’s shilling was steady against the dollar on Friday, and is expected to remain so for the next week,...

Published 11 Oct, 2024 04:05pm

Stocks

FTSE 100 little changed; Sainsbury’s, BP slip

The blue-chip FTSE 100 was flat on Friday, weighed down by losses in Sainsbury’s after its biggest shareholder cut...

Published 11 Oct, 2024 04:04pm

Europe

Who are Japan’s Nobel Peace Prize winners Nihon Hidankyo?

STOCKHOLM: Japanese organisation Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and...

Published 11 Oct, 2024 04:01pm

Movies & Music

Pakistan actor Saba Qamar named UNICEF’s National Ambassador for Child Rights in Pakistan

Pakistan actor Saba Qamar has been named UNICEF’s very first National Ambassador for Child Rights in Pakistan, the...

Published 11 Oct, 2024 03:51pm

Life & Style

Japan’s Nihon Hidankyo wins 2024 Nobel Peace Prize

OSLO: Japanese organisation Nihon Hidankyo, a grassroots movement of atomic bomb survivors from Hiroshima and...

Published 11 Oct, 2024 03:57pm

Companies

Pak Suzuki to discontinue its Bolan, launch ‘Every’ in Pakistan

Pak Suzuki Motor Company has formally announced the launch of its new model ‘Every’, ending decades-long production...

Published 11 Oct, 2024 03:31pm

Stocks

European stocks dip as China’s stimulus uncertainty weighs

European stocks dipped on Friday as nervous investors awaited updates on China’s stimulus plans, while French...

Published 11 Oct, 2024 03:21pm

Sports

Ollie Pope lauds batting brilliance of Brook, Root after big win

MULTAN: England’s stand-in skipper Ollie Pope hailed the fitness and determination of his team on Friday after they...

Published 11 Oct, 2024 03:18pm

Sports

Aryna Sabalenka, Gauff set for semi-final clash at Wuhan Open

WUHAN: US Open champion Aryna Sabalenka will face world number four Coco Gauff in the semi-finals of the Wuhan Open...

Published 11 Oct, 2024 03:12pm

South Asia

Iran says ready to ‘defend sovereignty’ against Israel attack

TEHRAN: Iran said it is “fully prepared to defend its sovereignty” if its arch-foe Israel attacks as it has...

Published 11 Oct, 2024 03:06pm

Europe

Volodymyr Zelensky meets Pope, Scholz as whirlwind Europe tour ends

VATICAN CITY: Ukrainian President Volodymyr Zelensky met Pope Francis at the Vatican on Friday, part of a whirlwind...

Published 11 Oct, 2024 02:59pm

Europe

Fire at oil terminal hit by Ukraine burns for fifth day

MOSCOW: A massive fire sparked by a Ukrainian attack on an oil facility in Russian-annexed Crimea was still burning...

Published 11 Oct, 2024 02:54pm

Money & Banking

SBP directs banks to install at least 5MP CCTV cameras, sets new guidelines

The State Bank of Pakistan (SBP) has directed all banks and microfinance institutions to enhance the operations of...

Published 11 Oct, 2024 02:35pm

IMF official supports reforms in public sector

Says Pakistan has managed to revive economic and financial stability over the past fiscal year

Updated 11 Oct, 2024 02:27pm

Accelerated expiry: Hubco initiates negotiated settlement pact

KARACHI: Hub Power Company (Hubco), in the greater national interest, has initiated a negotiated settlement...

Updated 11 Oct, 2024 02:24pm

Awais praises army chief’s supportive role

ISLAMABAD: Minister for Power, Sardar Awais Ahmad Khan Leghari, on Thursday expressed gratitude to Army Chief...

Updated 11 Oct, 2024 02:24pm

Arts

Warhol’s rare ‘Queen’ collection opens at Dutch museum

APELDOORN, Netherlands: A Dutch museum is dusting off a rare collection of prints by Andy Warhol of female royalty,...

Published 11 Oct, 2024 01:56pm

South Asia

India’s Adani Enterprises raises $500mn via share sale, sources say

MUMBAI: Billionaire Gautam Adani’s flagship firm Adani Enterprise has raised $500 million via a share sale to local...

Published 11 Oct, 2024 01:48pm

Pakistan

Foreign policy expert says no normalisation of Pakistan-India ties without continued formal dialogue

Foreign policy expert Michael Kugelman stressed that Islamabad and New Delhi would need to start and then continue a...

Updated 11 Oct, 2024 01:43pm

Asia

Russia calls US actions in Asia ‘destructive’ at ASEAN summit

VIENTIANE: Russian Foreign Minister Sergei Lavrov on Friday called US actions in Asia “destructive”, accusing...

Published 11 Oct, 2024 12:36pm

Commodities

Wheat firms, set for 3rd week of gains on supply worries

SINGAPORE: Chicago wheat futures gained more ground on Friday, with the market poised for a third straight weekly...

Published 11 Oct, 2024 12:27pm

Sports

Dominant England thump Pakistan by innings and 47 runs in opening Test

MULTAN: England completed an extraordinary innings and 47-run victory over Pakistan on the fifth day of their...

Updated 11 Oct, 2024 12:24pm

Sports

Australia’s Green weighing back surgery, could miss India series

MELBOURNE: Australia all-rounder Cameron Green is expected to decide within days whether he will undertake surgery...

Published 11 Oct, 2024 12:20pm

Mutual Funds

JGB yields retreat from multi-week peaks as US yields decline

TOKYO: Japanese government bond (JGB) yields declined on Friday, tracking US Treasury yields, and easing from...

Published 11 Oct, 2024 12:11pm

Commodities

India’s September palm oil imports fell over 33% m/m, trade body says

India’s palm oil imports in September fell more than 33% from August to 527,314 metric tons, the Solvent Extractors’...

Published 11 Oct, 2024 11:58am

Sports

Toyota returns to Formula One as Haas partner

TOKYO: Toyota announced their return to Formula One on Friday following a 15-year absence, signing a technical...

Published 11 Oct, 2024 11:44am

Sports

Socceroos have ‘nothing to fear’ from Japan

ADELAIDE: New Socceroos coach Tony Popovic says there is nothing to fear from a testing World Cup qualifying clash...

Published 11 Oct, 2024 11:30am

Sports

Argentina held, Bolivia stun Colombia in 2026 qualifiers

MONTEVIDEO: Salomon Rondon grabbed a second-half equaliser as Venezuela held Argentina to a 1-1 draw in South...

Published 11 Oct, 2024 11:26am

Life & Style

Recent winners of the Nobel Peace Prize

OSLO: Here is a list of the 10 most recent winners of the Nobel Peace Prize, ahead of Friday’s announcement of the...

Published 11 Oct, 2024 11:22am

Sports

Daichi Kamada says Japan can close in on World Cup place against Australia

TOKYO: Crystal Palace midfielder Daichi Kamada said an eighth straight World Cup appearance will be within Japan’s...

Published 11 Oct, 2024 11:16am

Stocks

Asian markets mixed after Wall St drop, Shanghai dips before briefing

HONG KONG: Most Asian markets were mixed Friday as investors digested disappointing US inflation data that further...

Published 11 Oct, 2024 11:12am

Europe

EU chief says China must ‘adapt its behaviour’ to solve trade row

VIENTIANE: China must “adapt its behaviour” to solve an escalating tariff row with Europe, EU chief Charles Michel...

Published 11 Oct, 2024 11:08am

Technology

Elon Musk unveils robotaxi, pledges it ‘before 2027’

LOS ANGELES: Elon Musk on Thursday unveiled what he said was a robotaxi capable of self-driving, predicting it would...

Published 11 Oct, 2024 11:06am

Europe

Half a million stateless people got citizenship in past decade: UN

GENEVA: The UN said Friday that in the decade since it launched a campaign to end the limbo of statelessness, over...

Published 11 Oct, 2024 10:56am

Asia

Seoul confirms North Korean defection as Pyongyang seals border

SEOUL: A suspected North Korean defector crossed the de facto western maritime border last month and is now in the...

Published 11 Oct, 2024 10:53am

Middle East

Israel army says top Islamic Jihad commander killed in West Bank

OCCUPIED JERUSALEM: Israel’s army said Friday it had killed Palestinian group Islamic Jihad’s top commander for the...

Published 11 Oct, 2024 10:51am

USA

At least 11 dead in Florida but Hurricane Milton not as bad as feared

FORT PIERCE: At least 11 people died as Hurricane Milton sent tornadoes spinning across Florida, officials said...

Published 11 Oct, 2024 10:30am

Technology

ByteDance’s TikTok cuts hundreds of jobs in shift towards AI content moderation

KUALA LUMPUR: Social media platform TikTok is laying off hundreds of employees from its global workforce, including...

Published 11 Oct, 2024 10:15am

Europe

Four killed by Russian missile strike in Ukraine’s Odesa region

Four people were killed by a Russian missile strike in Ukraine’s southern Odesa region on Friday, Governor Oleh...

Published 11 Oct, 2024 10:05am

Forex

Australia, NZ dollars set for a second week of losses, await China stimulus

SYDNEY: The Australian and New Zealand dollars are each poised to log a second straight week of declines, with their...

Published 11 Oct, 2024 10:02am

Forex

Indian rupee impasse to persist; Fed outlook barely affected by US inflation data

MUMBAI: The Indian rupee is likely to open nearly flat on Friday and hold a narrow range after US inflation data did...

Published 11 Oct, 2024 10:00am

Mutual Funds

Indian bond yields may track US peers higher before debt sale

MUMBAI: Indian government bond yields are expected to move marginally higher in early trading on Friday, as US...

Published 11 Oct, 2024 09:57am

Commodities

Palm up on rival oils; stronger ringgit, weaker crude oil caps gains

KUALA LUMPUR: Malaysian palm oil futures opened higher on Friday, tracking the strength of rival edible oils, but a...

Published 11 Oct, 2024 09:37am

Bullion Rate

Gold drifts higher after data supports US rate-cut bets

Gold prices climbed on Friday after recent data supported bets for a Federal Reserve interest rate cut next month,...

Published 11 Oct, 2024 09:34am

Stocks

Japan’s Nikkei firms on Fast Retailing, chip share gains

TOKYO: Japan’s Nikkei share average rose on Friday, buoyed by index heavyweight Fast Retailing and major...

Published 11 Oct, 2024 09:31am

Asia

Chinese premier hopes Japan, China can meet halfway, keep relations on right track

BEIJING: Chinese Premier Li Qiang said he hopes Japan can meet China halfway and keep bilateral relations on the...

Published 11 Oct, 2024 09:29am

BR Research

Consumer confidence still reeling

The policymakers are sounding more confident today than they have been in a long time. From inflation to policy...

Published 11 Oct, 2024 09:27am

Stocks

Australian shares slip as miners and banks drag; set for weekly gain

Australian shares were on track for a weekly rise, even as the market fell on Friday as losses in miners and banks...

Published 11 Oct, 2024 09:26am

Stocks

China stocks open down, investors anticipate more stimulus

SHANGHAI: China stocks opened down on Friday, as investors cautiously await further policy announcements from a...

Published 11 Oct, 2024 09:21am

Forex reserves hit 2-year high of $16bn

KARACHI: Pakistan’s liquid foreign exchange reserves rose significantly, surpassing the $16 billion mark for the...

Updated 11 Oct, 2024 09:19am

Forex

Dollar bulls suffer setback as traders add to Fed cut bets

TOKYO: The US dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the...

Published 11 Oct, 2024 09:18am

Non-filers, CFOs of wealthy units: Pay taxes, avoid input adjustment misuse, says Aurangzeb

ISLAMABAD: The government has warned non-filers and Chief Financial Officers (CFOs) of wealthy manufacturing units...

Updated 11 Oct, 2024 09:17am

Saudi team meets army chief

ISLAMABAD: Chief of Army Staff (COAS) General Asim Munir, on Thursday, assured a visiting Saudi delegation of...

Updated 11 Oct, 2024 09:15am

Pakistan, Saudi Arabia sign MoUs worth $2.2bn

ISLAMABAD: Pakistan and Saudi Arabia on Thursday signed 27 Memorandum of Understandings (MoUs) valuing US $2.2...

Updated 11 Oct, 2024 09:14am

Stocks

Financials drag Indian shares lower at open

Indian shares opened marginally lower on Friday, dragged by financials while the country’s top software company Tata...

Published 11 Oct, 2024 09:13am

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Govt ends deals with five private IPPs

KARACHI: Government has ended power purchase contracts with five private companies, including one with the country’s...

Updated 11 Oct, 2024 09:12am

BR Research

A strategic leap in the logistics sector

The logistics sector in Pakistan has been navigating rapid growth while grappling with persistent challenges. The...

Published 11 Oct, 2024 09:04am

BR Research

Agha Steel Industries Limited

The company was incorporated as a private limited company in 2013 and then converted into a publicly listed company...

Published 11 Oct, 2024 08:54am

Pakistan, KSA vow to enhance cooperation in multiple sectors

ISLAMABAD: Pakistan and Saudi Arabia vowed to enhance cooperation in economic activates, trade, agriculture, mining...

Updated 11 Oct, 2024 08:52am

BR’s refresher: your morning briefing for the day

Important updates from October 10, 2024

Published 11 Oct, 2024 08:51am

Opinion

Need for strengthening API sector

The pharmaceutical industry in Pakistan, predominantly led by national companies, is experiencing rapid growth and...

Updated 11 Oct, 2024 08:28am

Opinion

Lifeline of Balochistan

Balochistan’s economy in general and that of the bordering towns in particular is highly dependent on cross-border...

Updated 11 Oct, 2024 08:26am

Opinion

True riba-free Islamic banking

The motivation to provide interest- (riba) free financial services is derived from the desire of Muslim communities...

Updated 11 Oct, 2024 08:20am

Editorials

Major setback for BJP in IIOJ&K

EDITORIAL: The just concluded elections in the illegally Indian Occupied Jammu and Kashmir (IIOJ&K) have turned...

Updated 11 Oct, 2024 08:10am

Pakistan

Bilawal, Nawaz discuss proposed amendments

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari arrived at Punjab House on Thursday and met...

Updated 11 Oct, 2024 08:05am

Business & Finance

Pakistan’s IT sector is keen to show off potential at GITEX Global 2024 in Dubai

DUBAI: Fresh off record exports in the previous fiscal year, Pakistan’s tech sector is gearing up to make the most...

Updated 11 Oct, 2024 07:44am

Commodities

Malaysian palm oil slides on profit-taking

KUALA LUMPUR: Malaysian palm oil futures reversed early gains on Thursday as profit-taking weighed on the market...

Published 11 Oct, 2024 07:20am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 23.135...

Published 11 Oct, 2024 07:26am

Grain

Chicago wheat climbs as dryness affects crops

SINGAPORE: Chicago wheat rose for a fourth consecutive session on Thursday to its highest level in one week, as...

Published 11 Oct, 2024 07:24am

Commodities

Coffee trading in Vietnam remains tepid on tight supply

HANOI/BANDAR LAMPUNG, (Indonesia): Coffee trading activity in Vietnam remained sluggish this week, traders said on...

Published 11 Oct, 2024 07:23am

Rates

Activities of Karachi Port Trust, Port Qasim

KARACHI: The Karachi Port Trust handled 141,004 tonnes of cargo comprising 62,679 tonnes of import cargo and 78,325...

Published 11 Oct, 2024 07:18am

Commodities

Copper extends losses on firm dollar, China worries

LONDON: Copper prices dipped on Thursday, weighed down by a strong dollar and uncertainty over how much more ...

Updated 11 Oct, 2024 07:17am

Commodities

Japanese rubber futures decline

SINGAPORE: Rubber futures fell on Thursday, weighed by fading enthusiasm around top consumer China’s stimulus...

Published 11 Oct, 2024 07:16am

Energy

US natural gas prices lower

NEW YORK: US natural gas futures fell about 2% to a two-week low on Thursday on forecasts for lower demand next week...

Updated 11 Oct, 2024 07:15am

Commodities

Dalian iron ore rebounds on fresh China stimulus hopes

SINGAPORE: Dalian iron ore futures prices rebounded on Thursday, buoyed by hopes of more fiscal stimulus from top...

Published 11 Oct, 2024 07:13am

Stocks

Nikkei ends higher on Wall Street’s strength

TOKYO: Japan’s Nikkei share average ended higher on Thursday, tracking a strong finish on Wall Street overnight,...

Published 11 Oct, 2024 07:12am

Stocks

Most Gulf bourses end subdued on regional tensions

DUBAI: Most stock markets in the Gulf closed in a subdued mood on Thursday against the backdrop of simmering...

Published 11 Oct, 2024 07:03am

Money & Banking

China’s yuan inches higher

SHANGHAI: China’s yuan inched higher against the dollar on Thursday, as the central bank’s latest move to prop ...

Published 11 Oct, 2024 06:58am

Stocks

China, HK stocks close higher after PBOC begins swap programme

SHANGHAI: China and Hong Kong shares ended higher on Thursday after the People’s Bank of China kicked off a swap...

Updated 11 Oct, 2024 06:58am

European stocks end lower after US inflation data

PAARIS: European shares closed lower on Thursday, with defence and industrial stocks leading losses, after data...

Updated 11 Oct, 2024 06:57am

Stocks

Wall Street falls after inflation data

NEW YORK: Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced...

Published 11 Oct, 2024 06:56am

Money & Banking

Most Asian currencies subdued

BENGALURU: Most Asian stock markets rose on Thursday, buoyed by hopes that China will soon disclose details of its...

Updated 11 Oct, 2024 06:56am

Money & Banking

Dollar edges down against yen

NEW YORK: The US dollar edged lower against the yen on Thursday after data showed signs of labor market weakness and...

Published 11 Oct, 2024 06:52am

World

Iran’s oil sites: Arab states urge US to stop Israel from attacking

DUBAI: Gulf states are lobbying Washington to stop Israel from attacking Iran’s oil sites because they are...