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Business & Finance

FBR says 'no new tax' on salaried class, disagreement follows

Budget proposal to tax medical allowances comes under fire
Tax authority says withdrawing tax exemption and reduced rates should not be confused with imposition of new taxes
Issues response to report that said salaried class has been taxed

Updated 15 Jun, 2021 07:53pm

Sports

India, New Zealand name squads for WTC final

Williamson missed New Zealand's triumph against England at Edgbaston, which sealed a 1-0 series win, with an elbow injury.

Published 15 Jun, 2021 07:27pm

Pakistan

Twin orphaned bear cubs given shelter near Pakistan-India border

Sharda and Narda were discovered last year by villagers at an altitude of 14,000 feet
Duo was nursed with bottled milk for two months, then raised on fruit and vegetables

Published 15 Jun, 2021 07:14pm

Technology

UK watchdog looking into Apple, Google's dominance of mobile phone systems

Our ongoing work into big tech has already uncovered some worrying trends and we know consumers and businesses could be harmed if they go unchecked.
The CMA said the new study into mobile ecosystems would be broader than some of the other competition probes it already has into Apple's App Store and Google's Privacy Sandbox.

Published 15 Jun, 2021 06:37pm

Pakistan

Pakistan allows AstraZeneca shot for under 40s to help its expatriates

Approval comes to help people who need to travel for education and jobs abroad, particularly to Saudi Arabia
Saudi authorities have not approved Chinese shots, so people with only those vaccinations still need to quarantine

Published 15 Jun, 2021 06:25pm

World

Iran says it produced 6.5kg of uranium enriched to 60pc

Iran said in April it would begin enriching uranium to 60% purity, a move that would take the uranium much closer to the 90% suitable for a nuclear bomb,
Under parliament's law..., the Atomic Energy Organization was supposed to produce 120 kg of 20 percent enriched uranium in a year.

Updated 15 Jun, 2021 06:40pm

Technology

Pakistan's Jugnu raises $3.2m from Systems Limited

B2B ecommerce marketplace aims to use funds to expand in a highly competitive market

Published 15 Jun, 2021 05:49pm

World

AstraZeneca hits snag in Covid drug development

Vaccine-maker says main goal to treat Covid-19 symptoms in exposed patients has failed

Published 15 Jun, 2021 05:42pm

World

Coronavirus toll at 1000 GMT Tuesday

At least 176,171,260 cases of coronavirus have been registered.

Published 15 Jun, 2021 05:11pm

Pakistan

Rupee extends losses against dollar

Buying and selling rates of dollar were recorded at Rs 156.5 and Rs 157.5 respectively.

Updated 15 Jun, 2021 05:42pm

Technology

TECNO launches Camon 17 series in a Tech Talk show

TECNO launched its new Clearest Selfie Camera phones, Camon 17 series in Pakistan. The phones were revealed on the...

Published 15 Jun, 2021 04:52pm

Pakistan

Sindh announces Rs1.48 trillion budget for FY22

Chief Minister Syed Murad Ali Shah, who also holds portfolio of finance minister, starts budget speech amid ruckus from opposition
Says provincial govt aims to create over 2,500 jobs in upcoming fiscal year

Updated 15 Jun, 2021 05:39pm

Sports

'Knockout blow': Tendulkar tips India quicks to stun New Zealand

The record-breaking batsman said India can draw on their stunning Test win in Australia as they prepare to take on the in-form Kiwis.

Published 15 Jun, 2021 04:23pm

Pakistan

After Punjab, Sindh also says it will block SIM cards of people refusing Covid-19 vaccines

Announcement made by Sindh minister for information during inauguration of vaccination centre

Published 15 Jun, 2021 03:52pm

Pakistan

Police, shopkeepers clash during demolition of shopping mall, club in Karachi

Supreme Court had declared buildings illegal and ordered their demolition on Monday

Published 15 Jun, 2021 03:38pm

Pakistan

Govt is making efforts to use EVMs in next general election: Fawad

Says PML-N is a modern form of 'East India Company' that looted the country's wealth

Updated 15 Jun, 2021 05:47pm

Markets

Sterling holds steady, unaffected by reopening delay; UK employee numbers jump

Speculators' increased their net long position on the pound - bets that the pound will go up - in the week to June 8, CFTC data showed.

Published 15 Jun, 2021 02:30pm

Markets

Philippines tenders for 205,000 milling wheat, feed wheat

Deadline for price submissions is also Tuesday, June 15, they said.

Published 15 Jun, 2021 02:26pm

Markets

Shares in record-setting spree as Fed meeting looms

In the face of the strong dollar, spot gold was down slightly at $1,862.21 per ounce.

Published 15 Jun, 2021 02:24pm

Markets

Russian rouble firms, MOEX hits record high ahead of Putin-Biden summit

Brent crude oil, a global benchmark for Russia's main export, was up 0.6% at $73.28 a barrel, supporting Russian stock indexes.

Updated 15 Jun, 2021 02:21pm

Technology

India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies

While arguing to restart the probe, the CCI told a court in Karnataka state that the Reuters report corroborated evidence

Published 15 Jun, 2021 01:25pm

Markets

CBOT wheat may retest support at $6.58

The current drop is highly likely to extend to $5.92-1/4, the bottom of the wave B.

Published 15 Jun, 2021 01:23pm

Markets

JGB yields track US Treasury yields higher ahead of Fed meeting

Benchmark 10-year JGB futures fell 0.07 point to 151.8, with a trading volume of 18,137 lots.

Published 15 Jun, 2021 01:21pm

Markets

Euro zone bond yields narrowly mixed, ahead of Fed, EU bond

Comments from ECB officials supporting the view that there is no hurry to taper the central bank's aggressive emergency stimulus continue to support mostly peripheral bonds.

Published 15 Jun, 2021 01:19pm

Markets

China stocks end lower as Sino-West tensions weigh

Shares of developers retreated after state media warned speculators that China's housing prices would inevitably enter a cycle of slow growth.

Published 15 Jun, 2021 01:16pm

Markets

NY coffee may retest support at $1.5165

The bounce triggered by the support at $1.5165 is classified as a pullback towards the rising trendline. It may end around $1.5645.

Published 15 Jun, 2021 01:14pm

Markets

Major Gulf bourses ease in early trade as financial shares drag

In Qatar, the index was down 0.2%, driven down by a 0.8% fall in Qatar National Bank, the Gulf's biggest bank.

Published 15 Jun, 2021 01:12pm

Markets

Fed uncertainty fuels cautious dollar trades

Sterling was little changed against the dollar at $1.4118.

Published 15 Jun, 2021 01:05pm

Business & Finance

Emirates airline posts $5.5b annual loss, its first in over 30 years

Forced to temporarily suspend operations last year, airline saw revenue fall 66 percent to $8.4 billion.

Updated 15 Jun, 2021 01:33pm

Sports

Denmark's Eriksen says 'I'm fine' from hospital

He wrote in a post accompanying a photo of him smiling and giving a thumbs-up.

Published 15 Jun, 2021 12:55pm

Markets

CBOT soybeans may bounce into $14.87-1/4 to $15.13-1/4 range

Based on the projection analysis, the contract is supposed to fall to $14.19-1/2.

Published 15 Jun, 2021 12:53pm

Markets

Australia, NZ dollars range-bound ahead of Fed meeting

Traders are also keeping an eye on New Zealand's gross domestic product data due to be released on Thursday.

Published 15 Jun, 2021 12:52pm

World

Gunmen kill four polio workers in Afghanistan's Jalalabad

Vaccination drive to be suspended again, says head of immunisation drive

Published 15 Jun, 2021 12:50pm

Markets

Australia shares close at record high as RBA signals continued dovish policy

Top listed gold producer Newcrest Mining lost 1.9%, as bullion prices suffered against a stronger greenback.

Published 15 Jun, 2021 12:47pm

Markets

Oil gains as risk of Iran supply resumption recedes

Still, prices were off their highs earlier in the day, with US crude briefly dipping into negative territory.

Published 15 Jun, 2021 12:44pm

Markets

Gold steadies on dollar retreat; focus on Fed meeting

US gold futures gained 0.2% to $1,869.

Published 15 Jun, 2021 12:41pm

Technology

Pakistan's Saffran Group lands $3.2m order from Japanese company

Bears Inc. awards contract to build IT platform for its real estate business

Published 15 Jun, 2021 12:40pm

Markets

European shares set longest winning streak since 2019 on recovery optimism

European industrial stocks were up 0.5%, while technology shares rose 0.7% after the tech-heavy Nasdaq ended Monday at a record high.

Published 15 Jun, 2021 12:31pm

Pakistan

Sindh likely to receive first monsoon spell from June 16, predicts Met office

Says rainfall in Karachi could be higher when compared with last year

Updated 15 Jun, 2021 02:43pm

World

Delhi defies social distancing norms, doctors say brace for COVID-19 'explosion'

Nationwide, India reported 60,471 new COVID-19 infections over the past 24 hours, the lowest number since March 31, data from the health ministry showed.

Updated 15 Jun, 2021 12:31pm

Markets

Tokyo stocks close higher on tech rallies

The dollar fetched 110.07 yen in Asian afternoon trade, against 110.08 yen in New York late Monday.

Published 15 Jun, 2021 11:40am

Markets

Corn ticks up as US reports crop condition below expectations

The US winter wheat harvest is off to a slow start. The USDA said 4% of the crop had been cut by Sunday, compared with analyst estimates of 10%.

Published 15 Jun, 2021 11:38am

Markets

US oil may retest resistance at $71.96

A failure to break $71.93 may be followed by a pullback towards the triangle.

Published 15 Jun, 2021 11:36am

Markets

Palm oil may extend loss to 3,195 ringgit

The contract may directly test the resistance zone of 3,447-3,506, if it opens flat. On the daily chart, the drop is against the uptrend from 1,939 ringgit.

Published 15 Jun, 2021 11:34am

Markets

Brent oil may retest resistance at $73.80

Oil is testing a resistance at $73.50 (close to $73.80 on hourly chart), which is partially responsible for the shallow correction on Monday as well.

Published 15 Jun, 2021 11:32am

Markets

Spot gold may retest support at $1,842

The pullback may end in $1,872-$1,879 range.

Published 15 Jun, 2021 11:31am

Markets

Gold down for 3rd day as dollar firms ahead of Fed meeting

Also on the radar, US monthly retail sales data due later in the day.

Published 15 Jun, 2021 11:29am

Markets

Gold little changed as markets await US Fed meeting

Silver rose 0.1% to $27.85 per ounce, palladium was steady at $2,751.68, while platinum gained 0.2% to $1,166.93.

Published 15 Jun, 2021 11:27am

Markets

China, Hong Kong stocks drop as Sino-G7 tensions weigh

Money inflows from institutional investors had been limited in the past weeks, while foreign inflows via the Stock Connect slowed, CITIC Securities noted in a report.

Published 15 Jun, 2021 11:25am

Markets

Japanese shares rally; property developers, growth stocks lead gains

Among them, precision machine maker Olympus rose 2.8%, while drugmaker Eisai gained 2.6%. Robot maker Fanuc added 2.5%.

Published 15 Jun, 2021 11:23am

Markets

China's yuan weakens as dollar pauses before Fed meeting

An article in the PBOC-backed Financial News on Tuesday quoted analysts as saying that the yuan is approaching a depreciation inflection point, and that it is likely to come under more pressure in the second half.

Published 15 Jun, 2021 11:22am

UAE extends travel ban on Pakistan till July 7

Allows UAE nationals, diplomatic missions, official delegations and holders of UAE Golden Visas to travel

Published 15 Jun, 2021 11:18am

Markets

Risk of Fed surprise keeps dollar well bid

The euro perched at $1.2120, just above a one-month low of $1.2093 it hit last week.

Published 15 Jun, 2021 11:15am

World

China reports 20 new coronavirus cases on June 14 vs 23 previous day

China does not classify symptomless infections as confirmed cases.

Published 15 Jun, 2021 11:13am

Markets

Australian shares hit record high, US Fed meeting in focus

Financial stocks gained 0.8%, with all "Big Four" witnessing an increase.

Published 15 Jun, 2021 11:12am

Markets

Australia shares to open higher tracking Wall Street, NZ climbs

New Zealand's S&P/NZX 50 index gained 0.5% to 12,624.9 points in early trade.

Published 15 Jun, 2021 11:09am

Markets

Copper prices hit 7-week low as traders brace for China curbs

Both copper contracts hit their record highs in May.

Published 15 Jun, 2021 11:05am

Markets

Tokyo stocks open higher on record US closes

In Tokyo, Sony was up 2.13 percent at 11,050 yen and Panasonic was up 0.2 percent at 1,266.5 yen.

Published 15 Jun, 2021 11:02am

Markets

Hong Kong stocks begin with gains

The Hang Seng Index added 0.36 percent, or 104.31 points, to 28,946.44.

Published 15 Jun, 2021 11:01am

World

Biden seeks EU support on China, but trade battles persist

The Europeans will be trying to clear the slate of trade disputes in order to enter a more friendly phase and jointly tackle other issues, which also include curbing big tech and handling Russia.

Published 15 Jun, 2021 10:57am

Gainers
Losers
Leaders

Stock	Price
Jahangir Siddiqui (R) / Jun 15 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	7.01 ▲ 1.00 (16.64%)
Crescent Textile (R) / Jun 15 Crescent Textile Mills Ltd.(R)(CRTMR2)	7.76 ▲ 1.00 (14.79%)
Tri-Star / Jun 15 Tri-Star Mutual Fund Limited(TSMF)	5.85 ▲ 0.70 (13.59%)
Dar-es-Salaam / Jun 15 Dar-es-Salaam Textile Mills Limited(DSML)	8.50 ▲ 1.00 (13.33%)
K-Electric Ltd / Jun 15 K-Electric Limited(KEL)	4.70 ▲ 0.46 (10.85%)
A. Shah Ghazi / Jun 15 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	10.51 ▲ 1.00 (10.52%)
Escorts Bank / Jun 15 Escorts Investment Bank Limited(ESBL)	10.67 ▲ 1.00 (10.34%)
Ashfaq Textile / Jun 15 Ashfaq Textile Mills Limited(ASHT)	12.00 ▲ 1.00 (9.09%)
Khurshid Spinng / Jun 15 Khurshid Spinning Mills Limited(KHSM)	11.40 ▲ 0.90 (8.57%)
Power Cement Pref. / Jun 15 Power Cement Preference(POWERPS)	12.38 ▲ 0.88 (7.65%)

Stock	Price
Saudi Pak Leas. / Jun 15 Saudi Pak Leasing Company Limited(SPLC)	2.90 ▲ -0.27 (-8.52%)
Pak. P.V.C. / Jun 15 Pakistan PVC Limited(PPVC)	5.74 ▲ -0.49 (-7.87%)
TPL Ins. / Jun 15 TPL Insurance Limited(TPLI)	30.52 ▲ -2.47 (-7.49%)
IGI Life Ins. / Jun 15 IGI Life Insurance Limited(IGIL)	44.87 ▲ -3.63 (-7.48%)
Sanghar / Jun 15 Sanghar Sugar Mills Limited(SANSM)	19.43 ▲ -1.57 (-7.48%)
Shadman Cotton / Jun 15 Shadman Cotton Mills Limited(SHCM)	28.00 ▲ -2.26 (-7.47%)
Universal Ins. / Jun 15 The Universal Insurance Company Limited(UVIC)	5.68 ▲ -0.43 (-7.04%)
Data Agro / Jun 15 Data Agro Limited(DAAG)	20.04 ▲ -1.45 (-6.75%)
First Pak Modaraba / Jun 15 First Pak Modaraba(PAKMI)	2.65 ▲ -0.19 (-6.69%)
Pervez Ahmed Cons. / Jun 15 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.45 ▲ -0.10 (-6.45%)

Stock	Volume
K-Electric Ltd / Jun 15 K-Electric Limited(KEL)	312,434,000 ▼ 0.00
Worldcall / Jun 15 Worldcall Telecom Limited(WTL)	146,782,500 ▼ 0.00
Byco Petr. / Jun 15 Byco Petroleum Pakistan Limited(BYCO)	128,292,500 ▼ 0.00
Hascol Petroleum / Jun 15 Hascol Petroleum Limited(HASCOL)	57,725,954 ▼ 0.00
Power Cement / Jun 15 Power Cement Limited(POWER)	29,663,000 ▼ 0.00
Ghani Global Hold. / Jun 15 Ghani Global Holdings Limited(GGL)	26,068,500 ▼ 0.00
Hum Network / Jun 15 Hum Network Limited(HUMNL)	25,237,000 ▼ 0.00
Maple Leaf / Jun 15 Maple Leaf Cement Factory Limited(MLCF)	24,760,482 ▼ 0.00
Flying Cement / Jun 15 Flying Cement Company Limited(FLYNG)	22,955,500 ▼ 0.00
Pak Int.Bulk Ter / Jun 15 Pakistan International Bulk Terminal Limited(PIBTL)	22,826,500 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	156.20
USD PKR Interbank Buying / Jun 14	156.10
USD to Japanese Yen / Jun 14	110.05
USD to Swiss Franc / Jun 14	0.90
Pound Sterling to USD / Jun 14	1.41
Euro to USD / Jun 14	1.21
UK LIBOR % / Jun 14	0.06

Stock	Volume
S&P 500 / Jun 14	4255.15
India Sensex / Jun 14	52551.53
Tokyo Nikkei / Jun 14	29161.80
Nasdaq / Jun 14	14174.14
Hang Seng / Jun 14	28842.13
FTSE 100 / Jun 14	7146.68
Dow Jones / Jun 14	34393.75
Germany DAX 30 / Jun 14	15673.64
France CAC40 / Jun 14	6616.35

Item	Value
Crude Oil / Jun 14	71.00
Karachi Cotton Assoc. / Jun 14	12300.00
Gold 10 Grams / Jun 14	89163.00
Gold Spot / Jun 14	1868.50
Cotton / Jun 14	86.13

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