BR100 Decreased By (-0.85%)
BR30 Decreased By (-3.01%)
KSE100 Decreased By (-2.48%)
KSE30 Decreased By (-2.5%)
BECO 5.39 Decreased By ▼ -0.21 (-3.75%)
BML 65.81 Increased By ▲ 4.86 (7.97%)
BOP 35.93 Decreased By ▼ -1.44 (-3.85%)
CNERGY 8.72 Increased By ▲ 0.23 (2.71%)
DCL 11.19 Decreased By ▼ -0.56 (-4.77%)
FCCL 56.18 Decreased By ▼ -1.57 (-2.72%)
FCSC 5.20 Increased By ▲ 0.16 (3.17%)
FFL 17.53 Decreased By ▼ -0.36 (-2.01%)
FNEL 1.27 Increased By ▲ 0.03 (2.42%)
HUMNL 11.02 Decreased By ▼ -0.18 (-1.61%)
KEL 7.86 Decreased By ▼ -0.25 (-3.08%)
KOSM 6.06 Decreased By ▼ -0.31 (-4.87%)
MLCF 102.17 Decreased By ▼ -4.89 (-4.57%)
NBP 211.65 Decreased By ▼ -6.66 (-3.05%)
PACE 12.29 Increased By ▲ 1.12 (10.03%)
PAEL 44.65 Decreased By ▼ -2.37 (-5.04%)
PIAHCLA 29.16 Decreased By ▼ -1.50 (-4.89%)
PIBTL 17.83 Decreased By ▼ -0.79 (-4.24%)
PPL 238.78 Decreased By ▼ -8.04 (-3.26%)
PRL 38.43 Increased By ▲ 1.18 (3.17%)
PTC 70.36 Decreased By ▼ -1.24 (-1.73%)
SEARL 95.06 Decreased By ▼ -4.10 (-4.13%)
SSGC 30.30 Decreased By ▼ -1.64 (-5.13%)
TELE 9.00 Decreased By ▼ -0.18 (-1.96%)
THCCL 70.57 Decreased By ▼ -3.63 (-4.89%)
TPLP 12.65 Decreased By ▼ -0.67 (-5.03%)
TREET 24.86 Decreased By ▼ -1.00 (-3.87%)
TRG 64.50 Decreased By ▼ -3.00 (-4.44%)
WAVES 10.94 Decreased By ▼ -0.57 (-4.95%)
WTL 1.33 Increased By ▲ 0.06 (4.72%)
Archive - 2020-07-08
Anti-locust operation underway in Balochistan
Pakistan

Anti-locust operation underway in Balochistan

  • Pakistan Army and FC Balochistan are conducting aerial anti-locust spray in this operation under the supervision of the Agriculture Department in order to save ready crops in respective areas.
Published 08 Jul, 2020 11:46pm
Alphabet's Loon launches balloon internet service in Kenya
Technology

Alphabet's Loon launches balloon internet service in Kenya

  • "Kenya is the first country... to have base stations high up in the sky. Now we will be able to cover the whole country in a very short span of time."
  • The technology has been used before, but not commercially. US telecom operators used balloons to connect more than 250,000 people in Puerto Rico after a 2017 hurricane.
Published 08 Jul, 2020 06:33pm
Copper punches towards January peak, boosted by Chile fears
Commodities

Copper punches towards January peak, boosted by Chile fears

  • Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
  • Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.
Published 08 Jul, 2020 06:26pm
Indian lender SBI to invest 17.60bn rupees in Yes Bank
Money & Banking

Indian lender SBI to invest 17.60bn rupees in Yes Bank

  • In March this year, SBI board had approved an investment of 72.50 billion rupees into the troubled lender Yes Bank.
  • Earlier this year the Reserve Bank of India (RBI) had taken control of Yes Bank, after the bad-debt laden lender had failed to raise the capital it needed to stay above mandated regulatory requirements.
Published 08 Jul, 2020 06:21pm
Libya lifts Es Sider force majeure, paving way for oil export boost
Energy

Libya lifts Es Sider force majeure, paving way for oil export boost

  • As part of the continuing review of the force majeure situation, we have recently received a formal security assessment concerning Es Sider Terminal.
  • The Delta Ocean Suezmax tanker arrived at the port on July 5, according to Refinitiv Eikon data, and was chartered by trader Unipec.
Published 08 Jul, 2020 06:07pm
Huawei says US sanctions have no immediate impact on UK 5G supplies
Technology

Huawei says US sanctions have no immediate impact on UK 5G supplies

  • Huawei Vice President Victor Zhang said it would take months to establish the impact of the US measures announced in May.
  • These restrictions actually haven't had an impact on Huawei's capability to supply to the UK's 5G and fibre solution at this moment," Zhang told reporters on a call.
Published 08 Jul, 2020 06:04pm
'Weaponized' Facebook fails to protect civil rights
Kerb

'Weaponized' Facebook fails to protect civil rights

  • The audit report, which Facebook commissioned two years ago, pointed to what the authors described as a series of harmful decisions.
  • The findings come at a time when some 900 advertisers, including major brands such as Coca-Cola, have joined a boycott promoted by major US civil rights groups.
Published 08 Jul, 2020 05:58pm
Apple expands independent repair shop program to Europe, Canada
Technology

Apple expands independent repair shop program to Europe, Canada

  • Apple has long maintained a network of authorized service providers such as Best Buy Co Inc to perform warranty work.
  • When a customer needs a repair, we want them to have a range of options that not only suits their needs but also guarantees safety and quality so their iPhone can be used for as long as possible.
Published 08 Jul, 2020 05:53pm
DG Khan Cement to export cement to Philippines
Companies

DG Khan Cement to export cement to Philippines

  • The latest export orders would be boon for Pakistan exports, which has declined by 6.8 percent during 2019-20, due to the economic slowdown which has been brought in by the coronavirus pandemic.
Published 08 Jul, 2020 12:57pm
Pakistan trade deficit decline by 27pc
Business & Finance

Pakistan trade deficit decline by 27pc

  • The country's exports at the end of the fiscal year ended June 30, 2020, stood at $21.387 billion against a target of $24 billion.
  • The country's imports during the last fiscal year were recorded at $44 billion, indicating a drop of 18.6pc from the imports recorded in 2018-19.
Published 08 Jul, 2020 11:58am
Rahat Kaunain appointed as CCP chairperson
Exchange

Rahat Kaunain appointed as CCP chairperson

  • The cabinet also gave approval to the appointment of Shumaila Lone and Mujtaba Lodhi as members of the CCP for three years.
  • Rahat Kaunain has previously served as chairperson of Competition Commission of Pakistan (CCP) from 2010-2013.
Published 08 Jul, 2020 11:34am
IPO files: TOMC
BR Research

IPO files: TOMC

With the book building of Pakistan’s first IPO in more-than-a-year coming to end yesterday, The Organic Meat...
Published 08 Jul, 2020 09:11am
PSDP: taking stock
BR Research

PSDP: taking stock

So how much did the federal government end up spending on development last fiscal? It’s time to take stock of the...
Published 08 Jul, 2020 09:10am
COVID-19: counting costs
BR Research

COVID-19: counting costs

Much can be deciphered when qualitative variables like consumer behavior are given some quantitative value. Surveys...
Published 08 Jul, 2020 09:09am
New FBR chief meets PM, adviser

New FBR chief meets PM, adviser

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Muhammad Javed Ghani held separate meetings with Prime Minister...
Updated 08 Jul, 2020 03:38am
US formally withdraws from WHO

US formally withdraws from WHO

WASHINGTON: President Donald Trump has formally started the withdrawal of the United States from the World Health...
Updated 08 Jul, 2020 03:36am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Tuesday (July 7, 2020) and the forecast for Wednesday (July 8, 2020)....
Updated 08 Jul, 2020 03:23am
Iran's oil storage almost full

Iran's oil storage almost full

LONDON: Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are...
Published 08 Jul, 2020 02:55am
China signs UN arms trade treaty

China signs UN arms trade treaty

UNITED NATIONS: China signed a global pact Monday to regulate arms sales that has been rejected by the United ...
Published 08 Jul, 2020 02:55am
Wheat shortage: farmers' woes
Letters

Wheat shortage: farmers' woes

LETTER: Wheat is the most important staple food crop of Pakistan. Although on a large area, there have been crises ...
Published 08 Jul, 2020 02:55am
Two dead in Czech train crash
Europe

Two dead in Czech train crash

PRAGUE: Two people died and dozens were injured Tuesday when two passenger trains collided near the western Czech ...
Published 08 Jul, 2020 02:55am
London stocks down
Stocks

London stocks down

LONDON: UK shares slipped from near two-week highs on Tuesday as a surge in US coronavirus cases turned investors...
Published 08 Jul, 2020 02:55am
Japan stocks slump
Stocks

Japan stocks slump

TOKYO: Japanese stocks ended lower on Tuesday after domestic household spending dropped at the fastest pace on ...
Published 08 Jul, 2020 02:55am
Australian shares flat, NZ up
Stocks

Australian shares flat, NZ up

SYDNEY: Australian shares gave up early gains to close flat on Tuesday, as fresh restrictions to contain a spike in...
Published 08 Jul, 2020 02:55am
En route to a welfare state?
Currency

En route to a welfare state?

ARTICLE: Because of Covid-19 we have already started spending a lot more on health cover than what we have been...
Published 08 Jul, 2020 02:55am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 08 Jul, 2020 02:55am
JLI MEESEQ Fund Rates
Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Tuesday (July 7, 2020). ======================== Offer Price 1,108.8002 Bid...
Published 08 Jul, 2020 02:55am
JLI MANAGED TAKAFUL FUND
Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Tuesday (July 7, 2020). ======================== Offer Price ...
Published 08 Jul, 2020 02:55am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Tuesday (July 7, 2020). ======================== Offer Price 1,272.5031 Bid...
Published 08 Jul, 2020 02:55am
BOARD MEETINGS
Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 08 Jul, 2020 02:55am
Member to Member
Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (July 7, 2020)....
Published 08 Jul, 2020 02:55am
THE RUPEE: Loses value
Currency

THE RUPEE: Loses value

KARACHI: On Tuesday, upon market closing, Pakistan Rupee lost value against USD in interbank market. It also...
Published 08 Jul, 2020 02:55am
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 7, 2020)....
Published 08 Jul, 2020 02:55am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (July 7, 2020). ======================================= Offset ...
Published 08 Jul, 2020 02:55am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 7, 2020)...
Published 08 Jul, 2020 02:55am
Bullion Rates
Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 7, 2020)....
Published 08 Jul, 2020 02:55am
BRIndex30 recomposed
Rates.BR Index

BRIndex30 recomposed

KARACHI: BRIndex30 has been recomposed and the revised index has been implemented with effect from July 07, 2020. ...
Published 08 Jul, 2020 02:55am
CBOT corn futures rise
Commodities

CBOT corn futures rise

CHICAGO: Chicago Board of Trade corn futures rose on Monday on concerns that hot, dry weather in the US Midwest ...
Published 08 Jul, 2020 02:55am
PMEX daily trading report
Commodities

PMEX daily trading report

KARACHI: On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,459. The traded value...
Published 08 Jul, 2020 02:55am
Euronext wheat little changed
Grains

Euronext wheat little changed

PARIS: Euronext wheat was little changed on Monday, consolidating below a three-week high struck before the weekend...
Published 08 Jul, 2020 02:55am
Wall Street jumps
Stocks

Wall Street jumps

NEW YORK: US stocks rose sharply on Monday as a rebound in US services industry activity in June and expectations of...
Published 08 Jul, 2020 02:55am
European stocks slip
Stocks

European stocks slip

FRANKFURT: European shares fell on Tuesday as surging US coronavirus cases and forecasts for a deeper-than-feared...
Published 08 Jul, 2020 02:55am
Hong Kong shares retreat
Stocks

Hong Kong shares retreat

HONG KONG: Hong Kong shares fell on Tuesday as a rally that pushed the city's benchmark index sharply higher over...
Published 08 Jul, 2020 02:55am
Aussie, kiwi steady
Money & Banking

Aussie, kiwi steady

SYDNEY: The Australian dollar held recent gains on Tuesday as a rise in Chinese stocks supported risk appetite...
Published 08 Jul, 2020 02:55am
Gold dips in Europe
Commodities

Gold dips in Europe

LONDON: Gold dipped on Tuesday as investors booked profits after bullion rallied to a near eight-year peak and as...
Published 08 Jul, 2020 02:55am
Gold prices steady in Asia
Commodities

Gold prices steady in Asia

SINGAPORE: Gold prices held steady near an eight-year high on Tuesday as investors weighed a spike in Covid-19 cases...
Published 08 Jul, 2020 02:55am
Promotions in FBR
Taxes

Promotions in FBR

ISLAMABAD: Federal Board of Revenue (FBR) has promoted 21 Principal Appraisers of BS-16 to BS-17 with effect from...
Published 08 Jul, 2020 02:55am
Gold prices record high
Commodities

Gold prices record high

KARACHI: Gold prices on Tuesday marked the record high of Rs105900 per tola, up by Rs1000 on the local market,...
Published 08 Jul, 2020 02:55am
Hydel power project
Editorials

Hydel power project

EDITORIAL: Pakistan and China signed an agreement for the construction of Azad Pattan hydel power project of ...
Published 08 Jul, 2020 02:55am