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China

Luxury fans in China chase neat shot of investment with vintage Moutai liquor

Amid China’s recovery from the coronavirus pandemic, Moutai buyers like Beijing tech worker Yang Nan have seen re-sale prices for vintage and limited editions of the ‘baijiu’ spirit made by Kweichow Moutai rocket as demand booms. And they want in on the action, before it’s too late.

Published 25 Nov, 2020 10:08am

World

Taiwan to protect sovereignty with new submarines amid China tensions

Taiwan, which China claims as its own territory, has been for years working to revamp its submarine force, some of which date back to World War Two, and is no match for China’s fleet, which includes vessels capable of launching nuclear weapons.

Published 24 Nov, 2020 03:06pm

Business & Finance

China's Xi calls for using QR Code technology to resume global travel

President Xi has given a new proposal to facilitate international tourism suspended due to the coronavirus.

Published 24 Nov, 2020 11:11am

Business & Finance

In latest China jab, U.S. drafts list of 89 firms with military ties

The list, if published, could further escalate trade tensions with Beijing and hurt U.S. companies that sell civil aviation parts and components to China, among other industries.

Published 23 Nov, 2020 09:52am

Technology

China to launch moon probe, seeking first lunar rock retrieval since 1970s

The Chang’e-5 probe, named after the ancient Chinese goddess of the moon, will seek to collect material that can help scientists understand more about the moon’s origins and formation. The mission will test China’s ability to remotely acquire samples from space, ahead of more complex missions.

Updated 22 Nov, 2020 01:47pm

Business & Finance

China says has given $2.1 billion of debt relief to poor countries

Liu’s comments come as African countries, hammered by the COVID-19 pandemic, face another debt crisis, and will need more long-term help than the latest G20 Debt Service Suspension Initiative (DSSI) offers them to ward off trouble ahead and keep much-needed investments coming in.

Published 20 Nov, 2020 10:07am

Technology

Huawei selling its Honor smartphone business to ensure ‘survival’

“Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making activities in the new Honor company,” it said.

Published 17 Nov, 2020 12:51pm

Business & Finance

Pakistan’s October FDI witness yearly increase of over 150pc

Country-wise, China emerged as the top investor in Pakistan in October as it invested $228.7mn.

Updated 17 Nov, 2020 04:57pm

Business & Finance

India misses ‘fast lane of economic recovery’ without RCEP: Chinese media

The Regional Comprehensive Economic Partnership (RCEP) includes 10 Southeast Asian economies along with China, Japan, South Korea, New Zealand and Australia, with members accounting for around 30 percent of global GDP.

Published 16 Nov, 2020 03:25pm

Business & Finance

China's factory output beats forecasts as Asia shakes off COVID slump

Industrial production climbed 6.9% in October from a year earlier, data from the National Statistics Bureau showed on Monday, in line with September’s gain and faster than the 6.5% rise expected in a Reuters poll of analysts.

Published 16 Nov, 2020 11:20am

World

World's largest free trade agreement signed in coup for China

First proposed in 2012, the deal was finally sealed at the end of a Southeast Asian summit as leaders push to get their pandemic-hit economies back on track.

Published 15 Nov, 2020 05:44pm

World

China finds coronavirus on packaging of Saudi shrimp

The Lanzhou Municipal Health Commission said in a statement on its website that it had found one positive sample on Friday on the inner packaging of imported frozen shrimp from Saudi Arabia that had passed through customs in the coastal city of Tianjin.

Updated 14 Nov, 2020 05:04pm

World

China congratulates Joe Biden, Kamala Harris several days after election

China was among a handful of major countries including Russia and Mexico, which avoided congratulating Biden last week.

Published 13 Nov, 2020 02:38pm

Business & Finance

List of 31 Chinese companies designated by the U.S. as military-backed

The order could impact some of China’s biggest companies. It is designed to deter U.S. investment firms, pension funds and others from buying and selling shares of 31 Chinese companies that were designated by the Defense Department as backed by the Chinese military earlier this year.

Published 13 Nov, 2020 10:16am

World

Hong Kong lawmaker resignations a 'challenge' to authority: China

Carrie Lam on Wednesday was granted the power to turf out any legislator who she deems insufficiently patriotic, without recourse to the city's courts.

Published 12 Nov, 2020 06:03pm

World

UK accuses China of treaty breach in Hong Kong

"China has once again broken its promises and undermined Hong Kong's high degree of autonomy," Foreign Secretary said.

Published 12 Nov, 2020 05:58pm

World

UK to consider sanctions against China for breaching Hong Kong treaty

The British flag was lowered over Hong Kong when the colony was handed back to China in 1997 after more than 150 years of British rule - imposed after Britain defeated China in the First Opium War.

Updated 12 Nov, 2020 06:48pm

World

Hong Kong pro-democracy lawmakers to resign as Beijing moves to quash opposition

The Chinese parliament adopted a resolution earlier in the day allowing the city’s executive to expel legislators deemed to be advocating Hong Kong independence, colluding with foreign forces or threatening national security, without having to go through the courts.

Published 11 Nov, 2020 03:49pm

Business & Finance

Pakistan, China experts discuss CPEC, COVID

Senator Mushahid Hussain Syed termed the Belt and Road Initiative (BRI) as the most important diplomatic and development initiative of the 21st century of which CPEC is a key pillar.

Published 11 Nov, 2020 11:14am

World

U.S. removes East Turkestan Islamic Movement, condemned by China, from terror list

The East Turkestan Islamic Movement (ETIM) was removed from Washington's terror list, US Secretary of State Mike Pompeo announced in a notice posted in the Federal Register.

Published 09 Nov, 2020 03:06pm

Business & Finance

Experts believe Biden Presidency to benefit Pakistan

Akbar added that with the arrival of Biden the US and China are likely to cooperate to end the ongoing coronavirus pandemic, which would prove beneficial for Pakistan.

Published 09 Nov, 2020 02:31pm

Business & Finance

CPEC: China says $25bn invested in Pakistan since project launch

The spokesperson said that the Belt and Road Initiative (BRI) cooperation projects, including the CPEC, are open ones.

Updated 06 Nov, 2020 09:13pm

Pakistan

China rejects India's remarks over Gilgit-Baltistan's provisional provincial status

The Chinese foreign ministry’s spokesperson says it is an issue left over from history between India and Pakistan

Published 05 Nov, 2020 10:33am

Markets

China’s 'digital yuan' moving smoothly with millions of transactions

The PBOC made the decision to issue 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by a lottery in the country's first trial run of its cashless payment system.

Published 03 Nov, 2020 11:11am

World

China pushes domestic economy, tech power in five-year plan

China accounts for a quarter of the planet's greenhouse gases and has relied heavily on coal to spur development.

Published 29 Oct, 2020 05:41pm

Business & Finance

China eyes launch of emissions trading scheme over next five years, official says

Technical problems and concerns over the accuracy and transparency of emissions data have dogged the system, whose first phase, covering the power sector, had been expected to launch this year.

Published 28 Oct, 2020 10:13am

World

US puts China 'aggression' at heart of India talks

US and India signed off on a series of accords including one which will allow the US military to share sensitive satellite and sensor data.

Published 27 Oct, 2020 05:38pm

Markets

India signs key defence deal with US amid China standoff

The deal grants India access to such information that is considered vital for hitting missiles, drones and other targets with precision.

Published 27 Oct, 2020 04:56pm

Business & Finance

Orange Line completion a major outcome of the CPEC, says China

The spokesperson added that China will continue working with Pakistan to advance the building of the CPEC and forge it into a quality demonstration project of the Belt and Road Initiative.

Published 27 Oct, 2020 10:29am

World

Modi has decided date for war with Pakistan, China, claims BJP leader

“Like the decisions on Ram Mandir and Article 370, Prime Minister Narendra Modi has decided when there would be war with Pakistan and China,” he said.

Updated 26 Oct, 2020 11:27am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 1	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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