News Archives for Latest - 2020-07-09

BR Research

Covid-19: Optimism vs evidence (II)

Lockdown, mini-lockdown, smart lockdown, no lockdown. It seems Pakistan has tried everything. Right now, the country...

Updated 30 Jul, 2020 10:35am

Pakistan

Pakistan May Have Finally Controlled The Coronavirus

Pakistan has been ranked among those with the lowest reproductive rate of the virus globally.

Updated 15 Jul, 2020 02:04pm

Pakistan

17,000 metric tonnes wheat being released to flour mills on daily basis

According to a spokesman for the department here on Thursday, 525,752 flour bags have been supplied in the market.

Published 09 Jul, 2020 11:58pm

Pakistan

Decline in COVID-19 cases due to SOPs adoption by people: Asad

The minister said all the stakeholders were effectively working and devising strategies to combat the pandemic.

Published 09 Jul, 2020 11:56pm

Pakistan

No compromise on corruption, accountability process: Murad Saeed

He said that Pakistan Tehreek e Insaf (PTI) government after coming into power had taken hard decisions for streamlining the system in every sector.

Published 09 Jul, 2020 11:55pm

World

WHO launches global pandemic response probe

It said the investigation should probe "the actions of WHO and their time-lines pertaining to the COVID-19 pandemic".

Published 09 Jul, 2020 11:52pm

Pakistan

47 more corona cases surfaced in Balochistan

As many as 6931 affected patients have been recovered from the coronavirus so far while 125 deaths were recorded due to the deadly virus in Balochistan.

Published 09 Jul, 2020 11:50pm

Pakistan

Zaidi urges SC to take suo moto notice on Uzair’s JIT report

The minister said the Pakistan Tehreek-e-Insaf (PTI) government was evolving strategy over JIT report and its solid actions would be surfaced soon.

Updated 09 Jul, 2020 11:50pm

We will provide additional 100MW electricity to K-Electric to overcome loadshedding: Ayub

Minister says K-Electric failed to upgrade its system over the years and it has constraints to take additional electricity from the national grid

Published 09 Jul, 2020 09:26pm

USA

Biden unveils $700 billion economic recovery plan

Biden's plan relies on what the campaign described as the "full power of the federal government to bolster American industrial and technological strength."

Published 09 Jul, 2020 09:20pm

Industry

Nokia launches data centre networking tools, developed with Apple

Nokia, which competes against China's Huawei and Sweden's Ericsson to build 5G networks.
We worked very closely with (Apple) over the last two plus years to understand their requirements.
Apple will deploy Nokia's new system in its data centre in Viborg, Denmark.

Published 09 Jul, 2020 08:56pm

USA

Pandemic could push 45 million in Latin America into poverty: UN

Guterres said the region could see a stunning 9.1 percent drop in GDP, the worst in a century.

Published 09 Jul, 2020 08:59pm

Forex

C$ steadies near 2-week high as housing data adds to recovery signs

Canadian dollar trades near flat against the greenback.
Loonie touches a 2-week high at 1.3487.
Price of US oil falls 1%.
Canadian bond yields ease across much of a flatter curve.

Published 09 Jul, 2020 08:49pm

Industry

LATAM Airlines adds $1.3bn to bankruptcy financing proposal, Brazil unit seeks protection

LATAM filed for US bankruptcy protection in May, aiming to reorder $18 billion in debt.
Combined ... it is hoped that financial support will not be required from governments.
LATAM Airlines Brazil will continue to operate passenger and cargo flights normally.

Published 09 Jul, 2020 08:45pm

Financial

More strong demand expected for US debt at auction

The Treasury department will give details in the early afternoon on the sale of $19 billion worth of 30-year bonds .
The benchmark 10-year yield was down a basis point in morning trading at 0.643%.
Wall Street opened higher after data pointed to a declining trend in weekly jobless claims.

Published 09 Jul, 2020 08:43pm

Commodities

Cocoa recovers from 20-month low; sugar slips

Sovereign bonds in Ivory Coast came under pressure after prime minister and ruling party candidate for the October presidential election.
October raw sugar fell 0.07 cents, or 0.6%, at 12.01 cents per lb.
September arabica coffee edged up 0.2 cents, or 0.2%, at $1.0020 per lb, steadying after Monday's near 5% loss.

Published 09 Jul, 2020 08:37pm

Industry

VW's Skoda boss Maier to step down at end of July

Skoda, which did not give a reason for Maier's departure, said a successor would be elected by the board in August.
Maier took the helm as chairman in November 2015, coming from Porsche.
The change at Skoda comes amid a broader management reshuffle at the VW Group.

Published 09 Jul, 2020 08:33pm

Energy

US natgas futures hit 2-month high ahead of storage report

Traders noted the advance came on forecasts the weather will remain hotter-than-normal for the next two weeks.
As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.2 bcfd this week to 90.7 bcfd next week.

Published 09 Jul, 2020 08:29pm

Industry

Rise in US coronavirus cases gives Delta pause over new flights

The continued growth of the virus through the Sun Belt, coupled with quarantine restrictions being implemented in large markets in the northern part of the country.
Delta added about 1,000 flights across its network for July after some modest signs of demand improvement in May and June.

Published 09 Jul, 2020 08:26pm

World

Biden to review Trump decision to cut troops in Germany if elected

We would review all of the decisions that President Trump has taken, including that one," Antony Blinken.
"It certainly begins with the way it was done," he added, referring to Trump's decision not to consult Germany before making the move. "But we have a profound problem with the substance of it as well."

Published 09 Jul, 2020 08:21pm

Forex

Latam FX firm against steady dollar; stocks fall

Brazil's real up 1.7%; Chile peso at over 3-week high.
Mexican inflation rise more than expected in June.
Mexican cenbank to cut interest rates by another 100bps - Citi.
Prominent creditor group rejects Argentine govt's debt deal.
Brazil cenbank studying 'residual' cut in Selic rate.

Published 09 Jul, 2020 08:16pm

Stocks

TSX edges lower as virus worries nip recovery hopes

Canadian housing starts rose by more than expected in June as groundbreaking increased on multiple unit urban homes.
The energy sector slipped 0.4% as US crude prices were down 1.0% a barrel, while Brent crude lost 0.5%.

Published 09 Jul, 2020 08:13pm

World

UK PM clears way for Brexit 'Russian meddling' report

The committee finished the 50-page report in March last year.
The report was cleared by the intelligence agencies in October.

Published 09 Jul, 2020 08:12pm

Industry

TIM excludes Huawei from 5G core equipment tender in Italy, Brazil

The list of invited suppliers comprises Cisco, Ericsson, Nokia, Mavenir and Affirmed Networks, a company recently acquired by Microsoft.
Italy is considering whether to exclude Huawei from building its 5G network over concerns it could open the way for China to spy on key Western telecoms infrastructure.

Published 09 Jul, 2020 08:06pm

Technology

Google faces EU antitrust probe into Fitbit deal if no concessions

The US tech giant could allay such worries by offering a binding pledge along the lines of its promise last year not to use Fitbit's health and wellness data for Google ads.
The deal allows Google to take on Apple and Samsung in the fitness trackers and smart watches market.

Published 09 Jul, 2020 08:02pm

World

US Supreme Court allows prosecutor but not Congress to get Trump's financial records

In both rulings, Roberts was joined by the court's four liberals as well as Trump's two conservative appointees to the court, Justices Brett Kavanaugh and Neil Gorsuch.
Trump went to Twitter shortly after the rulings to complain about the outcome, writing, "Courts in the past have given 'broad deference'. BUT NOT ME!"

Published 09 Jul, 2020 07:58pm

Commodities

Gold holds above $1,800 as virus cases spike

Spot gold was little changed at $1,809.19 per ounce at 1133 GMT. It climbed to its highest .
The combination of global central bank easing, geopolitical risks, the persisting pandemic impact and global recession could continue to push gold prices higher in the medium term.

Published 09 Jul, 2020 07:11pm

USA

Another 1.3 million workers file for US jobless benefits

The decline in the latest week slowed the four-week moving average to 1.44 million.
18 million remained on the jobless rolls through the week ended June 27.

Published 09 Jul, 2020 07:09pm

Commodities

Copper hits highest in 14-months on China demand, Chile supply cuts

Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its highest since May 2019 at $6,360.
The fundamental backdrop is improving and clearly copper is reflecting hopes of a V-shaped or U-shaped economic recovery.

Published 09 Jul, 2020 07:05pm

Stocks

US stocks open mixed as Nasdaq extends rally

The broad-based S&P 500 shed 0.2 percent to 3,163.36, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 10,525.67.

Published 09 Jul, 2020 07:06pm

Industry

Malaysia's AirAsia seeks nearly $500mn in funding: report

The budget carrier, like other airlines, has been rocked by the COVID-19 pandemic that has hammered demand for air travel.
AirAsia said in a statement some financial institutions had indicated they would support a funding request of over 1 billion ringgit.

Published 09 Jul, 2020 07:02pm

Commodities

Wheat holds at 1-month peak on less promising global harvest

Wheat forecasts in Argentina, France, Black Sea raise doubts.
Corn, soybeans firm as Midwest weather outlook turns hotter.
Markets await weekly export, monthly supply/demand data.

Published 09 Jul, 2020 06:59pm

Industry

Alstom offers French factory sale to clinch Bombardier deal

Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities,
Alstom is offering more than it thinks is necessary in a bit to get the deal done, people familiar with the matter said.

Published 09 Jul, 2020 06:55pm

Europe

UK borrowing set to hit 350 billion pounds, risks rising further

UK heading for budget gap of 350 bln pounds – IFS.
More help for economy like in autumn - think-tanks.
UK response so far smaller than US.
Sunak acknowledges "dead weight" in his rescue plan.

Published 09 Jul, 2020 06:53pm

Companies

New $1bn fund aims to steer antibiotic companies in tough market

Antibiotic makers have struggled with anemic investment and bankruptcies, even after the approval of new drugs.
The new fund, led by the International Federation of Pharmaceutical Manufacturers & Associations.

Published 09 Jul, 2020 06:48pm

Stocks

Sri Lankan shares end higher on central bank's rate cut boost

The benchmark CSE All Share Index closed up 0.41% at 5,090.41.
Conglomerates LOLC Holdings Plc and John Keells Holdings Plc rose 4.83% and 1.06%, respectively, and were the top boosts to the index.

Published 09 Jul, 2020 06:46pm

Currency

Brazil central bank studying 'residual' cut in Selic rate

The two tend to go in the same direction, though we understand that we have such a big hiatus that growth is able to return faster without generating a lot of inflation.
"We already have some marginal inflation data, albeit very residual, showing for the first time that it is slightly above expectations," Campos Neto said.

Published 09 Jul, 2020 06:43pm

WHO launches Covid-19 pandemic response probe

The Independent panel for Pandemic Preparedness and Response will be headed by former New Zealand prime minister Helen Clark and former Liberian president Ellen Johnson Sirleaf

Published 09 Jul, 2020 06:40pm

Forex

Rouble strengthens on weaker dollar, modest risk appetite

Prices for Russia's OFZ treasury bonds rose sharply, as investors around the world sought higher-yielding.
Rouble was 0.8% stronger against the dollar at 70.53 and had gained 0.7% to trade at 80.00 versus the euro.

Published 09 Jul, 2020 06:42pm

Commodities

Thai rates hit 4-month low, Vietnam jumps as heavy rains persist

Thai rice loosing out to Indian, Vietnamese varieties.
Persistent rain in Mekong Delta hampers harvest- trader.
India rates edge up as rupee hovers near 3-month high.
Bangladesh likely to cut taxes on rice imports- food minister.

Updated 09 Jul, 2020 06:41pm

World

WHO launches pandemic response probe

At their annual assembly in May, WHO member states agreed to an independent probe into the UN agency's coronavirus response.

Published 09 Jul, 2020 06:36pm

Sports

Moeen, Bairstow in England training squad for Ireland ODIs

Wicketkeeper-batsman and off-spinning all-rounder were left out of the squad for the first Test against the West Indies.

Published 09 Jul, 2020 06:35pm

Exchange

Asia Cup 2020 officially postponed

The board is now eager to organise the tournament in 2021 in June.

Published 09 Jul, 2020 06:30pm

Industry

Wells Fargo pledges $400mn in support of small business after PPP payout

At least $28 million is earmarked for non-profit community lenders catering to Black entrepreneurs, the bank said.
"If we look at the communities we serve and the intent and spirit of the program, we believe it was to lean in to help those businesses that were perhaps the most fragile."

Published 09 Jul, 2020 06:13pm

Europe

Guterres says coal has no place in COVID-19 recovery plans

Governments need to act to avoid emissions rebound-IEA.
Britain says next year's COP26 will be a landmark moment.

Published 09 Jul, 2020 06:09pm

Stocks

Indian stocks end at 4-month high as focus shifts to corporate earnings

The NSE Nifty 50 index closed up 1.01% at 10,813.45, while the benchmark S&P BSE Sensex rose 1.12% to 36,737.69. Both settled at four-month peaks.
Hindalco Industries Ltd, Jindal Steel and Power Ltd and Steel Authority of India Ltd rose between 6.58% and 4.1%.

Published 09 Jul, 2020 06:05pm

Middle East

Iran hits record one-day virus death toll of 221

The number of new cases identified since Wednesday is 2,079, bringing the total number of infections to 250,458.

Published 09 Jul, 2020 06:03pm

Technology

Vodafone and BT need five years minimum to remove Huawei

Andrea Dona, head of networks Vodafone UK, told a committee of lawmakers the operator needed to have a "sensible time scale" of several years to implement any further Huawei restrictions.
Rival BT told the same committee it needed a minimum of five years, and ideally seven, to remove Huawei from its network.

Published 09 Jul, 2020 06:01pm

Industry

German prosecutors probe Wirecard for money laundering

Munich prosecutor investigates Wirecard after criminal complaints.
Wirecard already being probed for fraud and market manipulation.
Investigation widens to money laundering.

Published 09 Jul, 2020 05:59pm

Commodities

Palm reverses early gains on estimates of lower July 1-10 exports

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed down 3 ringgit, or 0.12%, at 2,404 ringgit ($564.32) a tonne.
Palm had risen 2% to close at a two-week high in the previous session.

Published 09 Jul, 2020 05:54pm

Currency

Chinese banks prepare contingency plans over threat of US sanctions

In worst-case scenarios under consideration by the Bank of China and Industrial and Commercial Bank of China.
"We are hoping for the best, but preparing for the worst. You never know how things will turn out."

Published 09 Jul, 2020 05:45pm

Coronavirus pandemic: Sindh reports 40 more deaths as cases cross 100,000 mark

The total number of recoveries recorded by Sindh stood at 57,627 as 1,254 more patients recovered from the virus in a day

Updated 09 Jul, 2020 05:51pm

South Asia

Bangladesh says Rohingya refugees can't leave island

In April, Bangladesh authorities said the Rohingya would be kept on the island in order to stop the spread of coronavirus.

Published 09 Jul, 2020 05:48pm

Exchange

Back clean energy post-virus, UN chief urges leaders

We need to stop wasting money on fossil fuel subsidies and place a price on carbon, Guterres said.

Published 09 Jul, 2020 05:44pm

Commodities

China June refined copper, lead and tin output rise

The total was up 0.9% from a revised 693,000 tonnes for May due to a smaller impact on supply from maintenance among the 22 smelters surveyed.
China's refined lead production in June rose 13.2% year on year to 418,000 tonnes.

Published 09 Jul, 2020 05:41pm

Stocks

European stocks falter as 'summer lull' saps energy

London fell 0.7 percent at midday but Frankfurt stocks managed to jump 1.1 percent higher in early afternoon deals.

Published 09 Jul, 2020 05:41pm

South Asia

Five more policemen arrested for custody death in southern India

Five policemen arrested on Wednesday were accused of holding the two men down in a police station in Tamil Nadu state while others beat them.
India's federal police will soon take over the investigation from the state police.

Published 09 Jul, 2020 05:36pm

Business & Finance

AirAsia to emerge stronger from pandemic: Fernandes

The airline's liabilities currently exceeded its assets by 1.84 billion ringgit ($430 million).

Published 09 Jul, 2020 05:37pm

Energy

Oil steady as coronavirus fears offset gasoline recovery signs

Mixed evidence on gasoline demand revival.
Concerns over record surge in US COVID-19 cases.
OPEC+ monitoring panel meets next week.

Published 09 Jul, 2020 05:27pm

Money & Banking

Trading, underwriting soften profit plunge for some US banks

Capital markets-centered banks Goldman Sachs Group Inc and Morgan Stanley to report net income declines of 15% to 40% compared with the year-ago period.
Wells Fargo & Co, which does not have a major capital markets business, may even swing to a loss.

Updated 09 Jul, 2020 05:27pm

Sports

Retirement is getting closer: Roger Federer

The 38-year-old is dubbed as the greatest player in his history of the game with 20 singles Grand Slam titles to his name, which is most by any player till date.

Updated 09 Jul, 2020 05:20pm

South Asia

Coronavirus infections rise above 250,000 in Iran

Iran, the Middle East country hardest hit by the pandemic, has suffered a new spike in the number of daily infections and deaths in recent weeks.
Iranians who do not wear masks will be denied state services and workplaces that fail to comply with health protocols.

Published 09 Jul, 2020 04:59pm

Financial

Bond investors wait for more headlines on EU recovery fund

The EU needed to reach an agreement quickly on the fund but much negotiation was still needed.
We don't anticipate a fast agreement (little in the EU moves quickly), but would be cautious around putting too much weight on negative-sounding headlines, which are almost certain to be seen.

Published 09 Jul, 2020 04:58pm

Industry

Banks bid to lend 542mn euros to Bulgaria's Bulgartransgaz

ING Bank, Citibank Europe, International Bank for Economic Co-operation, VTB Bank Europe as well as the Bulgarian units of Raiffeisen, Unicredit, KBC Group, Eurobank and OTP Bank have offered.
Bulgartransgaz has also received an offer by a tie-up between state-run Bulgarian Development Bank, Municipality Bank and Budapest-based International Investment Bank.

Published 09 Jul, 2020 04:48pm

Industry

Another 1,300 jobs at risk in UK retail sector as John Lewis shuts eight stores

Virus pandemic adds to retail woes.
Latest store closures to hit UK high street.
Job loss announcements total thousands in last few weeks.

Published 09 Jul, 2020 04:44pm

Sports

West Indies great Holding says education is key to stamping out racism

Holding recalled ugly incidents he experienced as a young Test cricketer on his visits of Australia and England.

Published 09 Jul, 2020 04:43pm

Sports

Australia must tour England for 'health' of cricket: Langer

Despite the challenges of Covid-19, Langer said Australia had to play its part in getting cricket moving again.

Published 09 Jul, 2020 04:39pm

Industry

NEPRA to hold public hearing against KE tomorrow

Since last month, K Electric has started a series of unannounced and unannounced load-shedding under the pretext of furnace oil and gas supply, which has left the citizens helpless amid soaring temperatures.

Published 09 Jul, 2020 04:39pm

Business & Finance

Economic analysis reveals the impact on Pakistan’s employment and confidence

There is also a massive hike in unemployment – the Employment Index stands at -86.95 compared to 57.14 in Q1 and confidence is at an all-time low in Q2 at -78.26 compared with -28.57 in Q1.

Published 09 Jul, 2020 04:32pm

Sports

Salah keeps Liverpool's record chase on track

The English champions move onto 92 points with three wins from their final four games enough to break Manchester City's record of 100 points from two seasons ago.

Published 09 Jul, 2020 04:32pm

Sports

PCB to begin PSL tickets refund next week

The refund process will take place in two phases.

Published 09 Jul, 2020 04:17pm

Companies

TECNO embarks to endorse thriving distributor networks to deliver excellent customer services

The brand has outranked itself with its localized innovations and durable smartphones.

Published 09 Jul, 2020 03:57pm

Afghan govt to release more Taliban prisoners in hope of getting peace talks going

An Afghan government official said Taliban had provided them another list of their detainees

Published 09 Jul, 2020 03:52pm

Life & Style

God appoints the US president and told him to run, says Kanye West

The billionaire hip-hop star no longer supports President Trump and has doubts about Democratic challenger Joe Biden.

Published 09 Jul, 2020 03:51pm

Pakistan

PPP's Shazia Soomro throws headphone at Murad Saeed after he reads out Uzair Baloch’s confessions

He read out that Baloch also confessed to giving extortion money to Faryal Talpur and Asif Zardari.

Published 09 Jul, 2020 03:25pm

Industry

Omar Ayub blames KE for not improving system, as govt to provide additional power

The minister told the House, that they are providing an additional 100 megawatts of electricity to the KE, which is more than the contract agreement signed with it.
The government will provide more gas to the KE, which will result in generating 200MW of electricity.

Updated 09 Jul, 2020 03:40pm

Companies

This Pakistani company will make sportswear for the German football team

It was learned that the Pakistani company who has booked the order from the German luxury brand would be making t-shirts for the German national football team.

Published 09 Jul, 2020 03:25pm

Money & Banking

US IDFC keen to finance projects in Pakistan

Boehler stated that funds are available through both debt and equity to finance projects in the private sector in several fields and also for infrastructure projects in the Public-Private Partnership (PPP) mode.

Published 09 Jul, 2020 01:34pm

Educational institutions to open from Sept 15: Shafqat Mahmood

He said they will be reopened if health situation improves.

Published 09 Jul, 2020 01:22pm

PM appeals nation to celebrate Eid ul Azha with simplicity, says carelessness will lead to spike in cases

He inaugurated Isolation Hospital and Infectious Treatment Center in Islamabad.

Published 09 Jul, 2020 12:34pm

Companies

Indonesia’s Lion Air eager to commence operations in Pakistan

Amri said Lion Air of Indonesia wanted to start flights from Pakistan, and negotiations with the aviation officials were already underway.

Published 09 Jul, 2020 12:03pm

Pakistan

Will ban on PUBG be extended? PTA to decide today

The online game was temporarily suspended last week.

Published 09 Jul, 2020 11:34am

Commodities

Oil eases as coronavirus fears offset gasoline recovery signs

U.S. West Texas Intermediate (WTI) crude futures fell 14 cents, or 0.3%, to $40.76 a barrel by 0229 GMT, after rising 0.7% on Wednesday.
Brent crude futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on Wednesday.

Updated 09 Jul, 2020 11:48am

Industry

Power outage cripples Punjab

Contrary to the claims of Lahore Electric Supply Company (LESCO) officials in the suburbs of Lahore, unannounced load shedding is increasing instead of decreasing.

Published 09 Jul, 2020 11:26am

Stocks

Asian stocks grind higher as focus turns to earnings

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6% and touched a 20-week high as Chinese stocks extended their extraordinary rally.

Published 09 Jul, 2020 10:57am

Coronavirus infects 988 more people, claims 26 lives in Punjab

Punjab has recorded 84,587 cases so far.

Updated 09 Jul, 2020 10:58am

Money & Banking

TMB reports Rs18bn in revenue FY2019

A two-fold increase in Year-Over-Year wallet accounts was witnessed with more than 3 million increase in monthly active users as compared to 2018.
Easypaisa App users increased by about 300% to over 2 million representing the highest number of users of any financial app in Pakistan.

Published 09 Jul, 2020 10:51am

Technology

Explainer: How the U.S. seeks to protect children's privacy online

The U.S. Federal Trade Commission, and the Justice Department, which often files court actions for the FTC, have opened a preliminary investigation into the matter involving the China-based video-sharing app.

Published 09 Jul, 2020 10:24am

Companies

United Airlines sending 'gut punch' furlough warnings to 36,000 workers

Not everyone who receives a notification will be furloughed, United said, with the final number depending on how demand evolves and how many employees accept early exit packages and temporary leaves.

Published 09 Jul, 2020 10:22am

Forex

Dollar eyes multi-week lows as risk assets rally

Traders in Asia are focused on whether China’s yuan can extend gains against the greenback as investors of all stripes shift funds to increase positions in Chinese stocks.

Published 09 Jul, 2020 10:19am

Business & Finance

Nonprofits urge Johnson & Johnson to halt sales of Baby Powder globally

More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based...

Published 09 Jul, 2020 08:16am

Exchange

U-turn in the yield curve

Interest rate volatility is nothing new in Pakistan. Between 2005-2008, discount rate moved between 7.5 percent to ...

Published 09 Jul, 2020 08:17am

BR Research

Oil steadies as inventories drop

As China stages a massive comeback in industrial activity, super tankers have been seen rushing towards the Chinese...

Published 09 Jul, 2020 08:16am

Business & Finance

Airbus first-half deliveries hit 16-year low despite June bounce

PARIS - Airbus (AIR.PA) deliveries rose 50% in June compared with May and reached their highest level since the coronavirus crisis spread to Europe in March, but the accelerating recovery failed to prevent first-half deliveries from sliding to a 16-year low.

Published 09 Jul, 2020 08:09am

Mutual Funds

Rupali Polyester Limited

Rupali Polyester Limited (PSX: RUPL) as a public limited company in 1980 under the Companies Act, 1913. The company...

Published 09 Jul, 2020 08:11am

Exchange

Naz Khan resigns

KARACHI: Naz Khan has resigned as independent director on the Board of Directors of the Pakistan Stock Exchange ...

Updated 09 Jul, 2020 03:22am

Business & Finance

Shrinking GDP, growing poverty: Experts for countering impact of coronavirus on economy

LAHORE: During the there-month lockdown due to the coronavirus Pakistan's annual GDP growth for the calendar year...

Updated 09 Jul, 2020 03:21am

'Review and reconsideration': Kulbhushan refuses to appeal

ISLAMABAD: Kulbhushan Jadhav, the Indian spy on a death row, has refused to file a petition for "review and...

Updated 09 Jul, 2020 03:20am

OMC files intra-court appeal

ISLAMABAD: An oil marketing company (OMC) Wednesday filed an intra-court appeal (ICA) in the Islamabad High Court...

Updated 09 Jul, 2020 03:19am

Exchange

TOMCL raises Rs800m by offering 40m shares

KARACHI: The Organic Meat Company Limited (TOMCL), one of the largest halal meat processing companies in Pakistan...

Updated 09 Jul, 2020 03:19am

COAS praises improved security situation

PESHAWAR: General Qamar Javed Bajwa, Chief of Army Staff (COAS) visited Corps Headquarters Peshawar Wednesday....

Updated 09 Jul, 2020 03:17am

Utility companies must not be sold to investment companies: Dagha

ISLAMABAD: Former Finance Secretary Muhammad Younus Dagha has argued that utility companies should not be sold to...

Updated 09 Jul, 2020 03:17am

Chief Commissioners and collectors: FBR chief issues first policy directive

ISLAMABAD: The newly-appointed Federal Board of Revenue (FBR) Chairman, Javed Ghani, has issued his first policy...

Updated 09 Jul, 2020 03:16am

Revenue Division Secretary,: FBR chief assumes additional charge

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Muhammad Javed Ghani has assumed the additional charge of the ...

Updated 09 Jul, 2020 03:16am

Exchange

Vulnerable labour populace: PM stresses global strategy to 'soften' pandemic's impact

ISLAMABAD: Prime Minister Imran Khan on Wednesday said coronavirus pandemic had hit labourer community the most...

Updated 09 Jul, 2020 03:14am

K-Electric: Ayub says govt making efforts to resolve issues

ISLAMABAD: Federal Minister for Energy Omar Ayub Khan said on Wednesday that the ruling Pakistan Tehreek-e-Insaf...

Updated 09 Jul, 2020 03:13am

Hindu temple: Matter sent to CII: minister

ISLAMABAD: Speaking on the controversy of a Hindu temple's construction in capital, Minister of Religious Affairs...

Updated 09 Jul, 2020 03:13am

Exchange

Gold smashes through $1,800 level

NEW YORK: Gold soared past the technical $1,800 threshold on Wednesday, scaling its highest since September 2011, as...

Updated 09 Jul, 2020 03:12am

Gold touches highest ever mark

KARACHI: Gold on Wednesday touched the highest ever mark of Rs108300 per tola, up by Rs2400 on the local market,...

Updated 09 Jul, 2020 03:12am

Companies Act 2017: Ordinance promulgated to withdraw six amendments

ISLAMABAD: The federal government has promulgated an Ordinance to withdraw six controversial amendments, out of ...

Updated 09 Jul, 2020 03:11am

Life & Style

Aaj TV - THursday's schedule

KARACHI: All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Updated 09 Jul, 2020 03:10am

Pakistan

Naudero-II RPP: AC turns down acquittal pleas of ex-PM Raja Pervaiz Ashraf, others

ISLAMABAD: The Accountability Court on Wednesday turned down the acquittal pleas of former prime minister Raja...

Updated 09 Jul, 2020 03:10am

Pakistan

Sindh CM appears before NAB in Roshan Sindh Project reference

ISLAMABAD: Chief Minister Sindh Syed Murad Ali Shah on Wednesday appeared before the National Accountability Bureau...

Updated 09 Jul, 2020 03:10am

Pakistan

Inspection drive at Karachi Rly stations launched

KARACHI: Pakistan Railways Karachi Division has commenced an "inspection campaign" at all the stalls in different...

Updated 09 Jul, 2020 03:10am

Pakistan

KP CM says no delay in completion of BRT project

PESHAWAR: KP Chief Minister Mahmood Khan has vowed to tolerate no further delay in the completion of the Bus Rapid...

Updated 09 Jul, 2020 03:10am

Pakistan

Zaidi's diatribe against PPP leaders a diversionary tactic

ISLAMABAD: The slim majority in the National Assembly may be the reason behind Pakistan Tehrik-i-Insaaf (PTI)...

Updated 09 Jul, 2020 03:09am

Pakistan

One arrested on child pornography charges

KARACHI: The Federal Investigation Agency arrested on Wednesday a man from Karachi's Gulistan-e-Jauhar on child...

Updated 09 Jul, 2020 03:09am

Exchange

Pakistan and Spain agree to boost mutual cooperation

ISLAMABAD: Pakistan and Spain have agreed to further increase the frequency of bilateral political exchanges at...

Updated 09 Jul, 2020 03:08am

Pakistan

LHC extends pre-arrest bail of PML-N MPA

LAHORE: The Lahore High Court on Wednesday extended pre-arrest bail of PML-N MNA Barjees Tahir in an inquiry...

Updated 09 Jul, 2020 03:08am

Pakistan

SHC turns down MQM-P plea for urgent hearing

KARACHI: The Sindh High Court (SHC) on Wednesday turned down a plea of the Muttahida Qaumi Movement-Pakistan (MQM-P)...

Updated 09 Jul, 2020 03:08am

Pakistan

PIA resumes flight operations to UAE today

KARACHI: Pakistan International Airlines (PIA) is resuming its regular flight operations to UAE from Thursday...

Updated 09 Jul, 2020 03:08am

Money & Banking

Nespresso pours $170 million into Swiss factory expansion

ZURICH: Nespresso announced Wednesday it is investing 160 million Swiss francs ($170 million, 150 million euros) in...

Updated 09 Jul, 2020 03:06am

Money & Banking

SBP Rozgar Refinance Scheme: JS Bank disburses Rs 10 billion

KARACHI: JS Bank has disbursed some Rs 10 billion under the State Bank of Pakistan's (SBP) Rozgar Refinance Scheme ...

Updated 09 Jul, 2020 03:06am

Exchange

LOE inked with China for provision of 'vocational school equipment and material'

ISLAMABAD: Pakistan and China on Wednesday signed Letter of Exchange (LOE) for provision of "Vocational School...

Updated 09 Jul, 2020 03:04am

Pakistan

Murtaza terms PTI's protest against KE as hypocritical behaviour

KARACHI: Spokesperson for Sindh Government and Advisor for Law, Environment & Coastal Development Barrister...

Updated 09 Jul, 2020 03:04am

Stocks

China stocks at multi-year highs

SHANGHAI: Shares in mainland China closed at multi-year highs on Wednesday, extending their winning streak to the...