News Archives for Latest - 2020-07-10

Exchange

TSML: dire straits?

Last week, Punjab’s third largest listed sugar mill announced its half yearly accounts on the bourse. These are no...

Updated 12 Jul, 2020 08:54pm

BR Research

Interview with, Mr. Osman Khalid Waheed, CEO and Director Ferozsons Laboratories Limited

“Import of raw material for Remdesivir faces tariff anomaly” Osman Khalid Waheed is the CEO of Ferozsons...

Updated 12 Jul, 2020 02:32pm

Exchange

Economy was on the right track before the Coronavirus pandemic, says Dr Raza Baqir

In an interview, the Governor State Bank Raza Baqir said that the economy was improving before Corona arrived. He...

Updated 11 Jul, 2020 06:23pm

Pakistan

School of Tomorrow: World’s premier schools and societies conference launched

Federal Minister Shafqat Mahmood and HE Omar Bin Sultan Al Olama of UAE, Minister for Artificial Intelligence amongst 60 international thought leaders.

Updated 11 Jul, 2020 05:28pm

World

Canada unemployment drops in June, nearly 1mn jobs created

The economic reboot generated 953,000 jobs last month, nearly double the estimates by analysts, who had expected on average about 550,000 new jobs.

Published 10 Jul, 2020 11:59pm

Pakistan

ML-1 to revamp entire railway infrastructure: Sheikh Rashid

He appreciated Chief Justice of Pakistan (CJP) Gulzar Ahmad for extending his full support to expedite the work for the project's approval.

Published 10 Jul, 2020 11:57pm

Pakistan

FM expresses sorrow over loss of lives in Nepal floods

FM Qureshi said, "We stand in solidarity with the Nepalese people and pray for the families affected by this calamity."

Published 10 Jul, 2020 11:54pm

Pakistan

Govt fulfilling its promises by providing basic facilities to common man: Zartaj

The minister said the tribal belt of Dera Ghazi Khan remained underdeveloped due to ignorance by the previous regimes.

Published 10 Jul, 2020 11:53pm

Pakistan

Sindh govt decides to pay salary of Eidul Azha

The Eidul Azha is expected to fall on July 31 or August 01, 2020.

Published 10 Jul, 2020 11:51pm

World

Coronavirus can still be brought under control: WHO

"There are many, many examples from around the world," said Tedros, that even if the COVID-19 outbreak is "very intense, it can still be brought back under control".

Published 10 Jul, 2020 11:50pm

Pakistan

COVID-19 positive cases reach 243,599 across country: NCOC

He added total 1,514,858 tests had been conducted while in last 24 hours 23,255 tests were conducted.

Published 10 Jul, 2020 11:48pm

Pakistan

PM not to spare those patronizing gangsters for political interests: Haleem

He said the joint investigation team (JIT) reports were unveiled after four years prolonged delay due to political pressure.

Published 10 Jul, 2020 11:47pm

Pakistan

Minorities enjoy equal rights in country: Sarwar

Talking to a private news channel, he said the construction of Kartarpur Corridor was an example in that regard.

Published 10 Jul, 2020 11:46pm

Currency

Pakistan ensuring completion of FATF Action Plan: Hafeez Shaikh

A range of predicate offences had been added to the schedule of AML Act, to include serious offences, including corruption, narcotics, terrorism and human trafficking, he added.

Published 10 Jul, 2020 11:41pm

Pakistan

Dr Mirza for following SOPs with regard to Eid-ul-Adha to contain coronavirus spread

He said, “We are fast approaching a major challenge in Eid-ul-Adha. As a nation we have to take a collective responsibility. If we don’t, we may cause another spike in COVID-19 cases.”

Published 10 Jul, 2020 11:38pm

Pakistan

Pakistan, China enjoying relations of mutual trust

He said Pakistan and China always stood with each other in difficult times. He reiterated that Pakistan was enjoying cordial and strategic relations with China.
The governor said China Pakistan Economic Corridor (CPEC) would not only help bring progress and prosperity in Balochistan but also for the whole country.

Published 10 Jul, 2020 10:12pm

Exchange

China-Pakistan cooperation to help in agricultural up-gradation, technological transfer to Pakistan

With the help of technology, hybrid seeds and training to farmers, he said, the productivity of wheat and other crops in Pakistan could be enhanced tremendously.
He said Pakistani agricultural products may find huge market space in China and thus, Chinese experts were helping Pakistan to increase the productivity of various fruits, vegetables and crops.

Published 10 Jul, 2020 10:07pm

Forex

Latam assets muted, to end week lower on virus worries

Stocks and currencies indexes set for weekly declines.
US record rise in COVID-19 cases chokes risk appetite.
Petrobras up as Mubadala set for talks to buy Bahia refinery.

Published 10 Jul, 2020 09:09pm

Forex

Yen rises on renewed surge in virus cases; dollar index falls

US producer prices fall in June, dollar weaker.
US COVID cases post one-day record on Thursday.
Yuan dips but stays near 4-month high.

Published 10 Jul, 2020 09:08pm

Europe

Turkey's Erdogan says Hagia Sophia becomes mosque after court ruling

Sixth-century building was church for 900 years, mosque for 500.
Secular state under Ataturk ordered 1934 conversion to museum.
Supporters of conversion underline Turkey's Muslim identity.

Published 10 Jul, 2020 09:00pm

Forex

Russian rouble pares losses, firming on oil price recovery

Brent crude oil, a global benchmark for Russia's main export, was up 1.1% at $42.82 a barrel.
It's all about COVID-19 - both fears and hopes," said BCS Global Markets, noting that Brent was susceptible to the mix of positive and negative headlines.

Published 10 Jul, 2020 08:54pm

Middle East

Lebanon holds meeting with IMF, more talks next week

The talks have been bogged down by a row over the scale of financial losses that has embroiled the government.
Finance Minister Ghazi Wazni said last week the talks were on hold pending the start of economic reforms and agreement on the losses.

Published 10 Jul, 2020 08:50pm

Industry

South Africa set to make SAA funding commitment, official says

SAA creditors vote on restructuring plan next week.
DPE says 'on course' to make funding commitment.
Sees govt doing 'heavy-lifting' to clean balance sheet.
Investors looking at cargo, catering, maintenance units.

Published 10 Jul, 2020 08:49pm

Sports

'Gutted' Broad sought future reassurance after Southampton snub

Broad said stand-in skipper Stokes had explained his omission for the first match against West Indies.

Updated 10 Jul, 2020 08:45pm

Forex

Japanese yen gains as virus caution weighs

Some Asia Pacific cities that had appeared to have contained the disease, such as Tokyo, Hong Kong and Melbourne.
The Japanese yen has been trading within a very tight trading range throughout the crisis. We're definitely back towards the bottom of that range.

Published 10 Jul, 2020 08:31pm

Middle East

Hundreds gather for funeral of Palestinian shot by Israeli troops

Palestinian officials dismissed the report and said the man had been walking with friends when he was shot dead.
Tensions have been high in the West Bank in recent weeks as Israel weighs a plan to annex part of the territory that Palestinians seek for a future state.

Published 10 Jul, 2020 08:23pm

Energy

US natgas futures slide as output slowly rises, LNG exports remain low

That lower price move comes despite forecasts the hotter-than-normal weather will continue through late July, prompting consumers to keep their air conditioners cranked up.
As the weather heats up, Refinitiv forecast US demand, including exports, will rise from 89.3 bcfd this week to 91.4 bcfd next week and 93.3 bcfd in two weeks.

Published 10 Jul, 2020 08:21pm

Industry

AliExpress Russia eyes $10bn turnover by 2022-2023, up an estimated 66pc

We are completely localising business and are building a separate company here," Sergeev said.
He said AliExpress Russia wanted to increase the share of Russian sellers on the platform to 50% by 2022-2023.

Published 10 Jul, 2020 08:17pm

Commodities

Gold set for fifth weekly gain as virus fears support safe havens

Spot gold prices rose 0.2% to $1,805.94 per ounce by 1216 GMT, and were up about 1.8% for the week.
The higher COVID numbers in the US and the implications this might have on the economic recovery has been influencing price action.

Published 10 Jul, 2020 08:14pm

Stocks

Wall St set to fall as COVID-19 case tally hits another record

Safe havens in demand as US COVID-19 cases surge.
Energy stocks slip on concerns over fuel demand.
Netflix rises after Goldman Sachs PT raise.
Futures down: Dow 0.75%, S&P 0.64%, Nasdaq 0.45%.

Published 10 Jul, 2020 08:10pm

Europe

UK economy to slump over 10pc, debts to surge: Moody's

Moody's said the UK government's latest 30 billion pound ($37.9 billion) stimulus package, announced this week.
"The UK's public debt ratio will likely rise by 24 percentage points of GDP or more relative to 2019 levels,"

Published 10 Jul, 2020 08:07pm

USA

Brazil says June inflation up 0.26pc from previous month

In the 12 months to June, Brazil recorded 2.13% inflation, roughly in line with a Reuters poll of economists which had predicted prices would increase by 2.16%.
Annual inflation is well below the central bank's official 2020 target of 4.0%, even allowing for the margin of 1.5 percentage point allowed on either side of that figure.

Published 10 Jul, 2020 07:47pm

Exchange

BASF turns to Q2 net loss on Wintershall DEA impairment

Q2 net loss 878 mln euros vs consensus for 158 mln loss.
Cites 800 mln euro impairment on Wintershall DEA stake.
Q2 sales fall 12.4% to 12.7 bln euros.

Published 10 Jul, 2020 07:45pm

Energy

Asian LNG prices stable amid low demand and liquidity

Spot LNG demand muted, despite low prices.
Russian, Australian projects offer spot cargoes.
Turkey, India, Colombia issue buy tenders.

Published 10 Jul, 2020 07:43pm

Money & Banking

Bank of Italy lowers 2020 GDP forecast to -9.5pc

It its latest economic projections the central bank forecast a partial rebound next year, when gross domestic product is seen rising by 4.8%.
The central bank estimated in its quarterly bulletin that gross domestic product fell around 10% in the second quarter from the previous three months.

Published 10 Jul, 2020 07:39pm

USA

Canada adds 952,900 jobs in June on COVID-19 reopenings

"It's a pleasant high-side surprise," Doug Porter, chief economist at BMO Capital Markets. "It's a big step in the right direction."
Employment in the goods producing sector rose by 158,600, while the services sector gained a record 794,400 positions.

Published 10 Jul, 2020 07:36pm

Money & Banking

China bank lending hits record $1.72trn in first half after solid June

June new loans 1.81 trln yuan vs f'cast 1.80 trln yuan.
June M2 money supply +11.1% y/y, vs f'cast of +11.1%.
June TSF 3.43 trln yuan, vs f'cast 3.00 trln yuan.
Analysts say too early to slow or reduce easing.

Published 10 Jul, 2020 07:22pm

Stocks

Wall St flat at open after record rise in US COVID-19 cases

The Dow Jones Industrial Average fell 15.74 points, or 0.06%, at the open to 25,690.35. The S&P 500 opened higher by 0.42 points.
The Nasdaq Composite dropped 1.84 points, or 0.02%, to 10,545.91 at the opening bell.

Published 10 Jul, 2020 07:20pm

Sports

Liverpool skipper Henderson ruled out for season, says Klopp

Klopp was forced to withdraw Henderson 10 minutes from fulltime in the 3-1 win after a collision with Yves Bissouma but the German said the 30-year-old does not require surgery.
"It is the best possible of the bad news. He does not need surgery," Klopp told reporters in a virtual news conference.

Published 10 Jul, 2020 07:16pm

Industry

Tesla rival Rivian adds $2.5bn investment led by T. Rowe Price

The deal comes on the heels of electric car maker Tesla's meteoric rise in valuation and the recent public offering of Nikola Corp. Both Tesla and Nikola are planning electric pickups to rival Rivian.
The new round takes total investment in Rivian to at least $6 billion, including a $1.3 billion round in December led by T. Rowe Price.

Published 10 Jul, 2020 07:09pm

Forex

C$ recovers from 10-day low after record jobs gain

Canadian dollar trades near flat against the greenback.
Loonie touches its weakest level since June 30 at 1.3631.
Canada adds 952,900 jobs in June.
Canadian bond yields mixed across a flatter curve.

Published 10 Jul, 2020 07:07pm

Money & Banking

Itau Corpbanca's impairment likely to scrap 2020 profit

"This impairment is primarily the result of economic conditions as of June 30, 2020," CorpBanca said.
Moura said that due to the coronavirus pandemic, the Chilean unit of Brazil's biggest lender Itau Unibanco Holding SA Corpbanca is likely to post lower-than-expected loan book and fee growth.

Published 10 Jul, 2020 07:04pm

Africa

Nigeria suspends anti-graft chief during investigation into agency

President Muhammadu Buhari has approved the immediate suspension of Ibrahim Magu as Acting Chairman of the Economic and Financial Crimes Commission.
EFCC operations director Mohammed Umar would be placed in charge pending the outcome of Magu's case.

Published 10 Jul, 2020 06:53pm

South Asia

China rejects new US invite to join nuclear talks

President Donald Trump's administration has demanded that China take part in talks on a successor to the New START treaty.
Beijing said in response that it would only join the talks if the US reduced its arsenal to match China's much smaller nuclear deterrent,

Published 10 Jul, 2020 06:51pm

World

IMF warns cutting spending too soon could derail recovery

Government spending "will need to remain supportive and flexible until a safe and durable exit from the crisis is secured.
The health crisis and the business shutdowns to contain the spread of COVID-19 demanded "a massive fiscal response" of close to $11 trillion to help support households and prevent bankruptcies."

Published 10 Jul, 2020 06:40pm

Exchange

Spying claims are latest twist in Germany's Wirecard thriller

Jan Marsalek, Wirecard's former chief operating officer, has vanished since the technology company was busted for what accountants described as an "elaborate and sophisticated fraud".
Wirecard's former chief executive and founder Markus Braun turned himself in to police, but Marsalek is at large.

Published 10 Jul, 2020 06:23pm

Industry

Uber to pay Danish fine, avoid legal action

The amount, equivalent to around 3.3 million euros or $3.7 million, should wrap up a saga that began in 2016.
California-based Uber has faced growing opposition from taxi owners and drivers across Europe and also in New York.

Published 10 Jul, 2020 06:18pm

World

Netherlands takes Russia to European rights court over MH17 downing

Achieving justice for the 298 victims of the downing of flight MH17 is and will remain the government's highest priority.
Prosecutors have charged four people -- Russians Igor Girkin, Sergei Dubinskiy and Oleg Pulatov, and Ukrainian Leonid Kharchenko -- with murder.

Published 10 Jul, 2020 06:08pm

Stocks

Indian stocks end lower on virus fears, financials suffer

Nifty, Sensex end down 0.4% each.
Indexes post 4th straight weekly gain.
Domestic cases jump by record 26,506.
Reliance hits record closing high, curbs losses in Mumbai.

Published 10 Jul, 2020 06:04pm

Energy

Libya lifts exports force majeure but says output recovery to be slow

The increase in production will take a long time due to the significant damage to reservoirs and infrastructure caused by the illegal blockade imposed on January 17.
Our infrastructure has suffered lasting damage, and our focus now must be on maintenance and securing a budget for the work to be done,

Published 10 Jul, 2020 06:02pm

Financial

German yields hit 6-1/2 week lows after record US coronavirus infections

Confidence in risk assets cracked after previously holding up in the face of resurging Covid-19 counts and renewed lockdowns in some regions.
There's limited upside (for Bunds) given how quickly we've rallied over the last day or so.

Published 10 Jul, 2020 05:59pm

Commodities

Wheat eases after 2-month high on harvest risks; corn, soy steady

Wheat set to finish week up more than 6%.
Corn steady, set for weekly gains.
Soybeans edge higher.

Published 10 Jul, 2020 05:58pm

Industry

Italy's Armani returned to sales growth in 2019

The luxury group said on Friday it was not yet possible to accurately estimate the impact of the COVID-19 pandemic.
Net sales grew 2.3% to 2.158 billion euros ($2.44 billion) last year, thanks primarily to the 7% increase in comparable sales in the directly managed store and e-commerce network.

Published 10 Jul, 2020 05:47pm

Commodities

Palm ends higher as June inventories fall; clocks 2pc weekly gain

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange closed up 0.36%, to 2,412 ringgit ($566.14) a tonne.
Production was surprisingly higher than market expectations of 7% to 12% increase.

Published 10 Jul, 2020 05:46pm

Business & Finance

S&P warns Dubai economy to shrink 11pc, cuts property giants to junk

Dubai, the Middle East's trade and tourism hub, has been hit hard by coronavirus-containment measures.
A growth rebound of about 5% is expected next year, but real GDP growth will then slow to 2% through to 2023,

Published 10 Jul, 2020 05:38pm

Commodities

India dealers charge premiums as imports, smuggling stall

Indian gold imports plunge 86% year-on-year in June.
Chinese dealers offer hefty discounts of $20-$25/oz.
Steady investment demand in Singapore.

Published 10 Jul, 2020 05:35pm

Financial

Hedge fund index dampens Chinese zeal for long-only bets

Yanlian China Hedged Fund Index, which tracks 50 Chinese investment funds with hedging strategies.
I have witnessed several cycles of bull and bear markets.
A growing number of long-only mutual funds have started restricting inflows.

Published 10 Jul, 2020 05:29pm

Commodities

Eighth weekly gain takes copper back to pre-COVID prices

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $6,324 a tonne.
It was up 5% this week after Thursday's rise to $6,360, the highest since May 2019 and up from a low of $4,371 in March.

Published 10 Jul, 2020 05:26pm

Energy

Oil falls on resurgence of virus cases, oversupply

Brent, US oil heading for weekly declines.
US COVID-19 cases hit new record.
IEA raises 2020 oil demand forecast.

Published 10 Jul, 2020 05:24pm

Commodities

Cocoa recovers further from 20-month low; sugar falls

The upcoming election is widely seen as a test of stability for the world's top cocoa producer.
Brazilian mills cumulative sugar output this season is 48.75% above last season.
September arabica coffee rose 0.1 cents, or 0.1%, to 98.85 cents per lb.

Published 10 Jul, 2020 05:21pm

Europe

EU's Michel seeks please-all recovery plan ahead of tense summit

Michel lowers overall budget to placate thrifty northerners.
COVID-19 pandemic latest challenge for EU, some say existential.

Published 10 Jul, 2020 05:13pm

Money & Banking

Indian govt had $76.16mn outstanding loans from RBI in July 3 week

The central government had no outstanding loans in the prior week.
State governments had 70.04 billion rupees loans from the RBI in the week ended July 3, compared with 34.16 billion rupees.

Published 10 Jul, 2020 05:08pm

Energy

South Africa's Eskom implements first power outages in months

Eskom, which generates the vast majority of South Africa's power but for years has had to manage supply from its ageing coal-fired power plants using blackouts.
"This loadshedding has been caused by an increase in plant breakdowns exceeding 3,000 megawatts of capacity.

Published 10 Jul, 2020 04:49pm

Sports

Removal of fixing ban: PCB responds to Danish Kaneria and Saleem Malik

The board was approached by the duo on unrelated and separate matters.

Published 10 Jul, 2020 04:41pm

Exchange

PSX updates trading hours

For Friday trading will take place in two sessions i.e. the first session will begin from 9:15 am to 12 pm, whereas, the second session would resume after Friday prayers at 2:30pm and would continue till 4:30pm.

Published 10 Jul, 2020 04:34pm

Sports

Champions League Quarterfinals draw complete

Cristiano Ronaldo could face his former team Real Madrid in the Champions League quarter-finals as the draw for the rest of the tournament was made on Friday.

Published 10 Jul, 2020 04:02pm

Locust attack combined with COVID-19 a huge challenge for Pakistan: PM

He visited visited National Locust Control Center (NLCC) in Islamabad.

Published 10 Jul, 2020 03:44pm

Sports

Hussain wants Denly to tweak his technique in order keep place in England team

The 34-year-old scored 18 runs before getting dismissed on the in swinging delivery in the first innings of the ongoing Test match between England and West Indies on Thursday.

Updated 10 Jul, 2020 03:13pm

Companies

Major shopping malls chain in Karachi waive off rentals, as economic slowdown continues

“We can understand economic challenges that are being faced by the organizations due to COVID-19,” said the management.

Published 10 Jul, 2020 02:33pm

Punjab puts seven more cities under lockdown as cases soar to 85261

Neighbourhoods in Lahore, Multan, Faisalabad, Gujranwala, Sialkot, Gujrat and Rawalpindi are being locked down.

Published 10 Jul, 2020 02:14pm

Sports

Players need to inspire each other in the absence of spectators: Mushtaq Ahmed

“I am happy with the start we have made; we are getting accustomed to the environment and conditions and still have a long time to go before the start of the series,” says former wrist spinner.

Published 10 Jul, 2020 02:07pm

Life & Style

Authorities search for Glee star Naya Rivera believed to have drowned

Naya Rivera, 33, is believed to have drowned in a Southern California lake while boating with her 4-year-old son.

Updated 10 Jul, 2020 01:53pm

Industry

Govt to give loans for establishing Utility Stores franchise under Kamyab Jawan Program

Loans will be given for the establishment of Utility Stores franchises ensuring that loans are secured.

Published 10 Jul, 2020 12:18pm

Pakistan now has more coronavirus cases than Italy

Italy has reported 242,363 cases.

Updated 10 Jul, 2020 12:14pm

Life & Style

Rolling Stones to release unheard tracks from 1973 album

A previously unreleased track on the album features Led Zeppelin’s Jimmy Page.

Published 10 Jul, 2020 11:55am

Industry

Pakistan economy to gradually ‘recover’ in 2021: IMF

Pakistan’s near-term economic outlook has worsened notably, and growth is estimated at –0.4 percent in FY 2020.

Published 10 Jul, 2020 11:29am

Pakistan

52,641 patients have recovered in Punjab from coronavirus

The province has reported 85261 cases so far.

Published 10 Jul, 2020 11:09am

Pakistan

Power outage continues in Karachi

According to experts, the poor transmission system of KE and the reduction in production is the main reason for the power outage.

Published 10 Jul, 2020 11:08am

Industry

China's aviation industry suffers $4.9 billion loss in second quarter

In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China (CAAC) on Friday.

Published 10 Jul, 2020 10:41am

Business & Finance

IMF urges 'equity-like' government support for virus-hit firms

Gopinath said the massive scale of the shock meant more firms will become insolvent as they suffer lower revenues for many months.

Published 10 Jul, 2020 10:39am

Pakistan

US bans PIA flights over pilot concerns

The information is contained in a revocation of special authorisation dated July 1 provided by the department to Reuters on Friday.

Published 10 Jul, 2020 10:36am

World

Long lines as Singaporeans in masks vote during pandemic

The ruling People’s Action Party is expected to carry Prime Minister Lee Hsien Loong to another comfortable victory.

Published 10 Jul, 2020 10:32am

US sets one-day record with more than 60,500 COVID cases

Florida announced nearly 9,000 new cases and 120 new coronavirus deaths.

Published 10 Jul, 2020 10:28am

Stocks

Asian stocks fall on virus worry, China stock rally pauses

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%.

Published 10 Jul, 2020 10:16am

Technology

Amazon plans at least $100 million to keep Zoox talent after $1.3 billion deal

Amazon will pay $1.3 billion in cash for the takeover, which the parties hope to close by September, according to deal documents seen by Reuters.

Published 10 Jul, 2020 10:13am

Exchange

Reading PSX pulse

It appears that investors at Pakistan Stock Exchange have decided to give weight to falling number of Covid-19 cases...

Published 10 Jul, 2020 08:09am

BR Research

Is it the beginning of the end?

Covid-19 positive cases are witnessing a decline and not just because of a slowdown in countrywide testing, but also...

Published 10 Jul, 2020 08:08am

Threat of locusts: Strong regional, international cooperative mechanism sought

ISLAMABAD: Pakistan has sought a strong regional and international cooperative mechanism as vital to addressing the...

Updated 10 Jul, 2020 03:15am

Justice Isa's wife submits documents to FBR

ISLAMABAD: Justice Qazi Faez Isa's wife on Thursday visited the Federal Board of Revenue's (FBR's) offices and...

Updated 10 Jul, 2020 03:15am

US SC rebuffs Trump's immunity claim, lets prosecutor get financial records

WASHINGTON: The US Supreme Court on Thursday firmly rejected President Donald Trump's argument for sweeping...

Updated 10 Jul, 2020 03:15am

PSMA members seek meeting with PM

ISLAMABAD: Pakistan Sugar Mills Association (PSMA) has urged the Federal Minister for Industries and Production...

Updated 10 Jul, 2020 03:15am

Exchange

Production & sale of sugar: Companies classified within category of non-listed company

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has classified all companies engaged in...

Updated 10 Jul, 2020 03:15am

PSMA's ICA: IHC issues notices to respondents

ISLAMABAD: The Islamabad High Court (IHC) on Thursday issued notices to the respondents in the Pakistan Sugar Mills...

Updated 10 Jul, 2020 03:15am

Kidnapping of minor girl: SC rejects Sarfraz Bugti's interim bail plea

ISLAMABAD: The apex court on Thursday dismissed Senator Sarfraz Ahmed Bugti's plea for interim bail in aiding and...

Updated 10 Jul, 2020 03:15am

Exchange

Foreign reserves stand at $18.8 billion

KARACHI: Pakistan's total liquid foreign exchange reserves crossed $18 billion mark at the end of the last week, the...

Updated 10 Jul, 2020 03:11am

Life & Style

Aaj TV - Friday'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 10 Jul, 2020 03:10am

Pakistan

LHC suspends magisterial powers of commissioners

LAHORE: The Lahore High Court (LHC) Chief Justice Muhammad Qasim Khan on Thursday suspended a notification of Punjab...

Updated 10 Jul, 2020 03:09am

Stocks

European stocks slide

FRANKFURT: European stocks closed sharply lower on Thursday as Wall Street tumbled after another record surge in US...

Updated 10 Jul, 2020 03:09am

Stocks

Australian shares up, New Zealand falls

SYDNEY: Australian shares closed higher on Thursday as investors hoped for further stimulus measures to counter the...

Updated 10 Jul, 2020 03:09am

Stocks

Saudi bourse gains; other markets quiet

DUBAI: Saudi Arabia's stock market rose in early trade on Thursday, supported by petrochemicals and banking shares,...

Updated 10 Jul, 2020 03:09am

Energy

Oil falls $1/bbl

NEW YORK: Oil prices fell about $1 a barrel on Thursday as investors worried that renewed lockdowns to contain the...

Updated 10 Jul, 2020 03:09am

Energy

US natural gas futures fall on less cooling demand

NEW YORK: US natural gas futures slipped on Wednesday from a two-month high in the prior session on a forecast small...

Updated 10 Jul, 2020 03:09am

Energy

Zhejiang wins China's first private fuel export licence

BEIJING: China has granted Zhejiang Petroleum & Chemical Co (ZPC) a licence to export refined oil products,...

Updated 10 Jul, 2020 03:09am

Commodities

China's steel futures rise on demand prospects

MANILA: China's steel futures rose on Wednesday on optimism about demand prospects in the world's top metals...

Updated 10 Jul, 2020 03:09am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,132. The traded...

Updated 10 Jul, 2020 03:09am

Commodities

Gold marks another record high

KARACHI: Gold on Thursday marked another record high of Rs109,100 per tola, up by Rs800, on the local market, ...

Updated 10 Jul, 2020 03:09am

Pakistan

PIA to bring back stranded Pakistanis from Iraq

KARACHI: Pakistan International Airlines (PIA) has planned to operate three special flights to bring back stranded...

Updated 10 Jul, 2020 03:09am

Pakistan

New 3,070 Covid-19 cases reported across country

ISLAMABAD: Pakistan has reported 3,070 coronavirus cases during the past 24 hours, which took the national toll to...

Updated 10 Jul, 2020 03:09am

Pakistan

Fake bank accounts case: Senate deputy chairman appears before NAB

ISLAMABAD: Senate Deputy Chairperson Saleem Mandviwalla on Thursday appeared before the National Accountability...

Updated 10 Jul, 2020 03:08am

Pakistan

Educational institutions to reopen from September 15 with strict SOPs

ISLAMABAD: Minister for Federal Education and Professional Training Shafqat Mahmood on Thursday announced to reopen...

Updated 10 Jul, 2020 03:08am

Pakistan

Sindh CS for launching 'Wear a Mask' drive

KARACHI: Sindh Chief Secretary Syed Mumtaz Ali Shah presided over an important meeting on Thursday to review the...