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Pakistan Updated 31 Oct, 2020 09:24pm

I have 'many secrets' but never made irresponsible statements: Ayaz Sadiq defends his Abhinandan release remarks

“I stand by my stance. In the coming days, you will see that Pakistan has a clear message for India: that we as the Pakistani nation are one. We have political differences, but we are one against India," says former NA Speaker.
I have 'many secrets' but never made irresponsible statements: Ayaz Sadiq defends his Abhinandan release remarks
Currency Rate
USD PKR Interbank Selling / Oct 30
160.25
USD PKR Interbank Buying / Oct 30
160.20
USD to Japanese Yen / Oct 30
104.63
USD to Swiss Franc / Oct 30
0.92
Pound Sterling to USD / Oct 30
1.29
Euro to USD / Oct 30
1.17
Stock Volume
S&P 500 / Oct 30
3310.11
India Sensex / Oct 30
39749.85
Tokyo Nikkei / Oct 30
23331.94
Nasdaq / Oct 30
11185.59
Hang Seng / Oct 30
24586.60
FTSE 100 / Oct 30
5581.75
Dow Jones / Oct 30
26659.11
Germany DAX 30 / Oct 30
11598.07
France CAC40 / Oct 30
4569.67
Indicator Value
Weekly Foreign Reserves / Oct 29
19301.60
GDPGROWTH / Oct 29
5.40
Foreign Debt (PKR billions) / Oct 29
15087.50
Per Capita Income USD (CPI) / Oct 29
1516.00
Average CPI % / Oct 29
11.11
UK LIBOR % / Oct 30
0.08

Business

Ford sells struggling Brazil factory
Industry

Ford sells struggling Brazil factory

  • A previous agreement to sell the factory in Sao Bernardo do Campo, which makes the poor-selling Ford Fiesta as well as buses, to Brazilian automaker CAOA fell through last year.
Updated 31 Oct, 2020 09:01pm
Energy

Libya oil production rises to 800,000 bpd

  • Libya's National Oil Corp (NOC) on Monday ended force majeure on the last facilities closed by an eight-month blockade of oil exports by eastern forces.
  • The blockade in January slashed the OPEC member's oil production to around 100,000 bpd from 1.2 million bpd.
Updated 31 Oct, 2020 08:25pm
Europe

Erdogan says Turkey in economic war against interest, exchange rates

  • Erdogan, a self-described enemy of high interest rates, has said they cause high inflation, and has repeatedly called for lower borrowing costs.
  • Turkey's lira has lost around 30 percent of its value this year, and economists expect the central bank to continue hike rates after a 200 bps hike last month.
Published 31 Oct, 2020 06:07pm
Commission cuts EU-27 maize crop estimate to 60mn tonne
Commodities

Commission cuts EU-27 maize crop estimate to 60mn tonne

  • A hot, dry summer in some major grain growing areas in the bloc lead several forecasters to severely reduce their estimates for crops such as maize (corn).
  • The EU executive left unchanged its forecast for EU-27 exports of common wheat, or soft wheat.
Published 31 Oct, 2020 05:38pm
Taxes

ECC Agrees to Cut Telecom Sector Taxes

  • The Economic Coordination Committee (ECC) of the Cabinet has agreed to reduce taxes in the Telecommunications sector by setting a sub-committee to resolve this issue.
Published 31 Oct, 2020 02:50pm

BR Research

BR Research
Fast-tracking finclusion

Fast-tracking finclusion

Despite the hype about digital payments and financial inclusion, it appears that save for some exceptions, most...
Published 29 Oct, 2020 07:58am

Pakistan

Govt slashes petrol prices by Rs1.57 per litre

  • The prices of Kerosene oil and Light Diesel Oil will remain unchanged at Rs. 65.29 per litre and Rs. 62.86 per litre respectively, the press statement added.
Published 31 Oct, 2020 11:33pm

Latest

World

Europe

Erdogan says Turkey in economic war against interest, exchange rates

  • Erdogan, a self-described enemy of high interest rates, has said they cause high inflation, and has repeatedly called for lower borrowing costs.
  • Turkey's lira has lost around 30 percent of its value this year, and economists expect the central bank to continue hike rates after a 200 bps hike last month.
Published 31 Oct, 2020 06:07pm

Trade deficit

EDITORIAL: Notwithstanding repeated claims of success in curtailing the danger posed by the 20 billion dollar...

Unwarranted remarks

EDITORIAL: Unveiling his plan to defend his country's secular values in the wake of killing of a history teacher for...

‘Tax potential’

This is apropos a Business Recorder editorial “Tax potential” carried by the newspaper on Wednesday in which the...
Former James Bond actor Sean Connery dies aged 90

Former James Bond actor Sean Connery dies aged 90

  • Connery was raised in near poverty in the slums of Edinburgh and worked as a coffin polisher.
  • He would introduce himself in the movies with the signature line, "Bond - James Bond." But Connery was unhappy being defined by the role and once said he "hated that damned James Bond".
Published 31 Oct, 2020 05:53pm