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Pakistan

The Weather

KARACHI: The weather report on Tuesday (August 11, 2020) and the forecast for Wednesday (August 12, 2020)....

Published 12 Aug, 2020 02:58am
Four uplift schemes approved
Pakistan

Four uplift schemes approved

LAHORE: The Punjab Provincial Development Working Party approved four development schemes of various sectors with an...

Updated 12 Aug, 2020 03:22am
Print

Bank holiday

KARACHI: The State Bank of Pakistan (SBP) and all banks will remain closed on Friday (August 14) on the occasion of...

Published 12 Aug, 2020 02:58am
Print

Car sales decline in July

KARACHI: The sale of cars has been declined by eight percent in July to 11,501 units.

Indus Motor Company (IMC) and...

Published 12 Aug, 2020 02:58am
Print

Poet Rahat Indori dies

KARACHI: Famous Urdu poet Rahat Indori died of a heart attack at a hospital in Indore, India, on Tuesday while being...

Published 12 Aug, 2020 02:58am
KE CEO grilled by SC
Print

KE CEO grilled by SC

KARACHI: Supreme Court of Pakistan on Tuesday ordered the audit of K-Electric (KE) and sought the complete timeline...

Updated 12 Aug, 2020 03:35am
ECC meeting today
Print

ECC meeting today

ISLAMABAD: Prime Minister's Advisor on Finance and Revenue, Dr Abdul Hafeez Shaikh has convened a meeting of the...

Published 12 Aug, 2020 02:58am
Democrats concerned by Facebook oversight board's limited authority
World

Democrats concerned by Facebook oversight board's limited authority

  • (The board) may simply act as a smokescreen behind which Facebook's executives will maintain ultimate control over its content moderation decision-making process.
  • The members said the board's powers, as defined by its charter, limit it to merely enforcing current content policies the company has adopted.
Published 12 Aug, 2020 02:19am
Yields jump as stocks near highs ahead of record 10-year supply
Markets

Yields jump as stocks near highs ahead of record 10-year supply

  • The Russian news certainly spurred another 'risk on' session overnight.
  • "All these things are allowing this 'risk on' sentiment to continue," di Galoma said.
  • The yield curve between two-year and 10-year notes steepened five basis points to 49 basis points.
Published 12 Aug, 2020 01:49am
CBOT wheat closes higher on technical buying
Markets

CBOT wheat closes higher on technical buying

  • The most active CBOT soft red winter wheat contract gained 4 cents to close at $4.95 per bushel.
  • The United States faces stiff competition for export business from Russia, traders said.
Published 12 Aug, 2020 01:45am