News Archives for Latest - 2020-07-16

Commodities

Soy, corn higher on improving export demand for US supplies

December corn was up 4 cents at $3.38 a bushel while September wheat was down 15-1/2 cents at $5.35-1/4 a bushel.

Published 16 Jul, 2020 11:52pm

Europe

France reports 534 new confirmed COVID-19 cases

The number of people in hospital was 6,796, down 119 over the previous 24 hours, and the number of those in intensive care was 481, one fewer than a day earlier.

Published 16 Jul, 2020 11:33pm

Pakistan

Business activities to continue during lockdown under SOPs: Nasir Shah

Nasir Shah said that we have conditionally allowed business and social activities under the guidelines laid down by the concerned quarters.

Published 16 Jul, 2020 11:30pm

Pakistan

Decision about Kalabagh dam only with consensus of provinces: Ali Muhammad

He said letters will be sent to Inspector General and concerned district police officer in Khyber Pakhtunkhwa to arrest the accused and pursue the case against him.

Published 16 Jul, 2020 11:26pm

Pakistan

Lockdown needs more time, business activities will continue under SOPs: Nasir Hussain Shah

The provincial minister said that the coronavirus had wreaked havoc all over the world and its obvious effects could be felt in all countries.

Updated 16 Jul, 2020 11:26pm

Pakistan

CM to inaugurate work on roads in Hazara scenic spots

The KP government has set aside Rs. 2,400 million in the Annual Development Programme 2019-20 for the roads construction in Hazara to promote tourism in the division.

Published 16 Jul, 2020 11:00pm

Pakistan

PM emphasizes administrative measures to enforce anti-COVID SOPs on Eid

The prime minister appreciated the steps being taken to contain the spread of COVID-9 particularly during the upcoming Eid.

Published 16 Jul, 2020 10:59pm

Pakistan

FBR directed to pay all Income Tax refunds amounting up to Rs50mn

He also directed the board to adopt clear roadmap and strategy for the payment of remaining refunds.

Published 16 Jul, 2020 10:55pm

Pakistan

LHC allows six weeks time for commission formation to probe petrol crisis

LHC Chief Justice Muhammad Qasim Khan passed the orders while hearing a petition filed by one Shabir Hussain questioning the recent petrol crisis in the country.

Published 16 Jul, 2020 10:53pm

Pakistan

Fawad for revamping, restructuring institutions to ensure credibility

He said leveling allegations against the honest and righteous Prime Minister Imran Khan was merely a joke but nothing else as the people were not taking the opposition parties criticism against the government seriously.

Published 16 Jul, 2020 10:50pm

Pakistan

IHC expresses dissatisfaction over non-submission of report by police

The court adjourned the case. Suleman Farooq, electrical engineer, reportedly went missing from Phase III of Bahria Town Rawalpindi on October 4 last year.

Published 16 Jul, 2020 10:48pm

Pakistan

PM to launch monsoon plantation drive in Kahuta on Friday

All segments of the society would actively participate in the “Plant for Pakistan Day”, which would be celebrated across the country, a PM Office press release said.

Published 16 Jul, 2020 10:46pm

Exchange

Pakistan proud to become SCO Youth Council’s newest member: FO

“We look forward to actively participating in SCO Youth Council's activities and making effective contribution,” the spokesperson remarked.

Updated 16 Jul, 2020 10:46pm

Europe

Germany readies tougher lockdowns to ward off second wave

Germany has recorded just over 200,000 coronavirus cases to date, and 9,078 deaths.

Updated 16 Jul, 2020 09:52pm

Karachi receives brief spell of monsoon rain

Met department says the spell would last a day or two and would be preceded by dusty winds

Published 16 Jul, 2020 09:34pm

Pakistan provides second consular access to Indian spy Kulbhushan Jadhav

Qureshi says India's ill intentions have come to light. They didn't want consular access. Jhadav kept asking the Indian diplomats to talk to him and they left

Updated 16 Jul, 2020 08:51pm

Exchange

UK cannot question HK security law

The Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative...

Published 16 Jul, 2020 08:46pm

NAB chief orders inquiry against K-Electric over load-shedding, overbilling

K-Electric is also accused of "allegedly not complying fully" with an agreement it had reached with the government under which it was required to carry out necessary investment for developing the electricity supply system on modern lines

Published 16 Jul, 2020 08:39pm

Business & Finance

Reliance's stake sale talks with Aramco stall over price

Aramco has told Reliance that refining margins are terrible and are expected to remain subdued in Q3 at least, so they can't pay the price they have agreed pre-COVID,
Reliance would wait for the market to recover rather than settling for a "drastic" revaluation of the asset.

Published 16 Jul, 2020 08:34pm

Middle East

IMF did not recommend Saudi Arabia VAT tripling, official says

Saudi Arabia tripled VAT this month to 15% as it seeks to bolster state finances badly hurt by a drop in oil prices.
It's not wise at this stage to increase tax on consumption, especially in countries where the level of income is low, because this will create additional regression and additional pressure.

Published 16 Jul, 2020 08:32pm

Financial

Yields fall as COVID-19 spread weighs on risk sentiment

"The next two months are really critical, can the economy survive this surge in COVID cases in the Sunbelt.
The risk of owning some protection is relatively low and I think that's generally the bias. You want to have some Treasuries no matter what.

Published 16 Jul, 2020 08:31pm

Currency

China central bank governor says IMF should use SDRs to cope with coronavirus pandemic

A general allocation of SDRs, which are IMF units based on a basket of leading currencies, would boost all members' foreign reserves and their purchasing power, Yi Gang said.
"It would be a quick, practical, fair and cost-effective response to this once-in-a-century crisis," Yi wrote.

Published 16 Jul, 2020 08:30pm

Money & Banking

Lagarde says ECB expects more grants than loans in EU recovery fund

Leaders of the 27 EU states are due to meet on Friday to try to hammer out their differences over how the 750 billion euro recovery fund will operate.
"Our assumption... is that the recovery fund ... will come about and will be a strong mixture of grants on the one hand in larger proportion than loans on the other

Published 16 Jul, 2020 08:18pm

Europe

Putin orders full recovery of Russia's labour market in 2021

During a federal budget meeting, Putin said around 3 million people were registered as unemployed, which he called a high figure.
"The task of fully restoring the labour market should be fulfilled in 2021," Putin said.

Published 16 Jul, 2020 08:16pm

Currency

Zimbabwe economy to shrink by 4.5pc this year on COVID-19, drought

Ncube added that inflation was expected to gradually decline to 300% by December, compared with 737.36% currently.
Exports, however, seemed to remain resilient, despite the COVID-19 shock, declining only slightly to $1.53 billion in first five months of this year against $1.56 billion in the same period of last year.

Published 16 Jul, 2020 08:15pm

Perspectives

Executive Magistracy and Separation of Judiciary

French political scientist Montesquieu in his treatises recommended for division of sovereign power into three...

Published 16 Jul, 2020 08:16pm

Stocks

Wall St falls as virus fears eclipse upbeat retail report

Twitter falls as accounts of top voices hacked on its platform.
Bank of America slips as profit halves in Q2.
American Airlines says air travel demand slowing again.
Indexes down: Dow 0.47%, S&P 0.68%, Nasdaq 1.10%.

Published 16 Jul, 2020 08:13pm

Commodities

London cocoa prices hit lowest level in nearly two years

September London cocoa edged up 4 pounds, or 0.3%, to 1,538 pounds per tonne at 1404 GMT, having hit its lowest since October 2018 at 1,525.
October raw sugar was down 0.09 cents, or 0.8%, at 11.73 cents per lb, having closed up 4.4% on Wednesday.

Published 16 Jul, 2020 08:10pm

Stocks

Energy stocks push TSX lower as OPEC+ agrees to ease supply curbs

The energy sector dropped 1.2% as US crude prices were down 1.2% a barrel and Brent crude lost 0.7%.
Air Canada fell 5.7%, the most on the TSX, followed by Bausch Health Companies Inc, down 3.1%.

Published 16 Jul, 2020 08:08pm

South Asia

Several feared trapped after building collapses in Mumbai

Some people are trapped under the debris while several are stranded in the part of the building that continues to stand.
Eight fire engines, two rescue vans and ambulances rushed to the site of the collapse along with several officers.

Published 16 Jul, 2020 08:05pm

Currency

Lebanon's Blom Bank profit falls, auditors give ‘adverse opinion’

The results obtained were largely as expected, and affected by the impact of the financial and economic crisis that has struck Lebanon since October 2019.
Assets stood at $33.3 billion, 9.4% lower, and deposits were $26.5 billion, down 2.8%. Loans were 18.9% lower.

Published 16 Jul, 2020 08:02pm

Currency

US retail sales beat expectations; weekly jobless claims still elevated

Retail sales increase 7.5% in June.
Core retail sales rise 5.6%.
Weekly jobless claims fall 10,000 to 1.30 million.
Continuing claims drop 422,000 to 17.338 million.

Published 16 Jul, 2020 08:00pm

Commodities

China buys more US soybeans

Another 351,000 tonnes of soybeans were sold to buyers in unknown destinations, the USDA said. Traders and analysts said those soybeans also were likely headed to China.
China said on Thursday it will stick to the Phase 1 trade deal it reached with the United States earlier this year.

Published 16 Jul, 2020 07:58pm

South Asia

Shelling between Azerbaijan and Armenia ends brief ceasefire

The Azeri defence ministry said one of its soldiers died, while Armenia's defence ministry said a civilian was wounded in Chinari village from an Azeri drone strike.
International concern is heightened because of the threat to stability in a region serving as a corridor for pipelines taking oil and gas from the Caspian Sea to global markets.

Published 16 Jul, 2020 07:53pm

Currency

Putin says Russia overcoming economic crisis caused by virus

Russia imposed anti-virus measures including border closures and strict lockdowns that prevented many from working during April and part of May.

Published 16 Jul, 2020 07:57pm

Exchange

Qatar likely to host start of Taliban-Afghan govt talks: minister

The prisoner exchange was agreed in a landmark deal between the Taliban and Washington signed in February.

Published 16 Jul, 2020 07:53pm

Energy

US natgas futures little changed on expected small storage build

The US Energy Information Administration (EIA) said US utilities injected 45 billion cubic feet (bcf) of gas into storage during the week ended July 10.
As consumers crank up their air conditioners, Refinitiv forecast US demand, including exports, will rise from 90.8 bcfd this week to 93.5 bcfd next week.

Published 16 Jul, 2020 07:50pm

Business & Finance

American Airlines, JetBlue to share routes

Customers will be able to reserve flights on either company's website and can book a single itinerary using flights from both airlines.

Published 16 Jul, 2020 07:51pm

Stocks

US stocks open lower, Twitter falls after hacking episode

The broad-based S&P 500 shed 0.6 percent to 3,206.96, while the tech-rich Nasdaq Composite Index tumbled 1.1 percent to 10,438.98.

Published 16 Jul, 2020 07:50pm

Financial

Italy's bond yields fall to lowest since March as Lagarde reassures on PEPP

ECB chief Christine Lagarde said that unless there are significant positive surprises, the bank's base line case is that the emergency purchase "envelope" would be used in full.
"It is reassuring enough for markets and left the door open to more stimulus," said Antoine Bouvet, senior rates strategist at ING in London.

Published 16 Jul, 2020 07:48pm

Technology

YouTube not liable for user copyright breaches, EU court adviser says

EU judges, who have followed such opinions in four out of five cases, rule on the issue in the coming months.
As EU law currently stands, online platform operators, such as YouTube and Uploaded, are not directly liable for the illegal uploading of protected works by the users of those platforms.

Published 16 Jul, 2020 06:54pm

Stocks

Egyptian shares fall while Saudi index holds steady

Egyptian index drops to six-week low
Dubai's Emaar Properties snaps four sessions of losses

Published 16 Jul, 2020 06:50pm

South Asia

Taiwan fears China 'hostage diplomacy' through HK security law

Tsai has warned of "countermeasures" should the new security law cause any "damage" to Taiwan.

Published 16 Jul, 2020 06:49pm

Forex

C$ retreats from 1-week high as oil producers ease output curbs

Canadian dollar falls 0.2% against the greenback.
Loonie touches its strongest intraday level since July 9.
Price of US oil decreases 1.1%.
Canada's 10-year yield eases 3.1 basis points to 0.507%.

Published 16 Jul, 2020 06:45pm

South Asia

Torrential rains unleash havoc in South Asia

In Nepal, 67 people have died and 45 are missing after landslides and floods.

Published 16 Jul, 2020 06:45pm

World

Russia trying to hack and steal COVID-19 vaccine data, says Britain

We condemn these despicable attacks against those doing vital work to combat the coronavirus pandemic.
While others pursue their selfish interests with reckless behaviour, the UK and its allies are getting on with the hard work of finding a vaccine and protecting global health.

Published 16 Jul, 2020 06:41pm

Business & Finance

ECB sits tight as EU leaders shape virus recovery plan

The goal of the government and corporate debt purchases is to keep credit flowing and encourage spending and investment in the 19-nation eurozone.

Published 16 Jul, 2020 06:43pm

Industry

Demand for COVID-19 tests powers Abbott's forecast above estimate

The company forecast adjusted earnings of at least $3.25 per share for the year after suspending its outlook in April due to uncertainties over the outbreak.
Peer Quest Diagnostics Inc said earlier this week its second-quarter revenue would top analysts' estimates, largely due to growing demand for its COVID-19 tests.

Published 16 Jul, 2020 06:36pm

Europe

UK says 'Russian actors' likely tried to disrupt 2019 election

Foreign Secretary said the government had concluded after "extensive analysis" that there was strong suspicion of a Russian link.

Published 16 Jul, 2020 06:38pm

Business & Finance

EU's Vestager vows to continue tax fight after Apple ruling

Ireland was accused of allowing the iPhone-maker to park revenue earned in Europe, Africa, the Middle East and India, sparing it almost any tax.

Published 16 Jul, 2020 06:34pm

Industry

Air India working to contain costs

The Indian government in January renewed its push to sell its entire interest in the loss-making airline, which has been kept aloft by a $4.2 billion 10-year bailout in 2012.
The ministry also said French carrier Air France, US airline United and Germany's Lufthansa would be operating flights to India over the coming days.

Updated 16 Jul, 2020 06:36pm

Middle East

French FM urges Iraq to keep away from regional tensions

France has been a top member of the US-led coalition fighting the Islamic State group, which Iraq declared defeated in late 2017.

Published 16 Jul, 2020 06:30pm

South Asia

Restaurants, mosques close in 'virus free' Turkmenistan

Ex-Soviet Turkmenistan is one of the few countries in the world yet to declare any coronavirus infections.

Published 16 Jul, 2020 06:24pm

Business & Finance

Social distancing on aircraft 'nice' but unrealistic: Emirates

Emirates resumed operations two weeks later on a limited network and plans to fly to 58 cities by mid-August, down from about 157 before the crisis.

Published 16 Jul, 2020 06:22pm

USA

US retail sales gain slows in June, +7.5pc: government

The pace of sales in the latest three months of the COVID-19 crisis declined 8.1 percent below the same period of 2019.

Published 16 Jul, 2020 06:19pm

USA

New US jobless claims nearly flat at 1.3 million

US is the site of the world's worst coronavirus pandemic, with a record 67,632 cases reported in the previous 24 hours.

Published 16 Jul, 2020 06:17pm

Sports

West Indies captain Holder says history can wait

The second Test between England and West Indies starts on Thursday.

Updated 16 Jul, 2020 06:04pm

Money & Banking

Russia central bank will consider rate cut next week

Russian July inflation seen at 3.3-3.4%, below cbank target.
Cbank slashed key rate by 100 bps to record lows in June.
Next policy meeting set for July 24.

Published 16 Jul, 2020 05:54pm

Companies

Novartis to provide 'no profit' COVID-19 drugs to low income countries

"We shouldn't underestimate the stress that COVID puts particularly on fragile health systems," Hegemann said.
Novartis's brand-name drugs have had little application in treating the new coronavirus, while its older malaria drug hydroxychloroquine has flopped in some scientific trials against the disease.

Published 16 Jul, 2020 05:51pm

Commodities

Palm snaps 4-day win streak on profit taking, worries of lower demand from India

"The equities market is coming down and sales to India has been bad," a Kuala Lumpur-based trader said.
Also weighing on the commodity, global equities fell due to deteriorating US-China relations.

Published 16 Jul, 2020 05:49pm

Money & Banking

Bank of America profit more than halves on pandemic woes

Net income applicable to common shareholders fell to $3.28 billion, or 37 cents per share, for the quarter ended June 30 from $7.11 billion.
Strong capital markets results provided an important counterbalance to the COVID-19-related impacts on our Consumer business.

Published 16 Jul, 2020 05:40pm

Commodities

Copper slips as Chinese data raises doubts over demand

The metal used in power and construction reached $6,633 on Monday after a spectacular rally from $4,371 in March, when the coronavirus spread worldwide.
The head of the International Monetary Fund said the global economy is "not out of the woods yet".

Published 16 Jul, 2020 05:34pm

Industry

J&J raises forecast after quarterly profit beats estimates

Sales in the healthcare conglomerate's medical devices unit tumbled 33.9% in the second quarter as hospitals and patients delayed non-urgent procedures like hip and knee replacements.
The company raised its full-year adjusted profit forecast to $7.75 to $7.95 per share, from its prior estimate of $7.50 to $7.90 per share.

Published 16 Jul, 2020 05:32pm

Stocks

European shares knocked lower by China concerns, ECB in focus

The United States also said it was studying the national security risks of social media applications including China's TikTok and WeChat.
China said it will respond to "bullying" tactics from Washington, but that it will stick to the Phase 1 trade deal the countries reached last year.

Published 16 Jul, 2020 05:27pm

Commodities

Wheat holds near 3-month top on China demand talk, world crop risks

Wheat edges down after 4% jump on Wednesday.
Talk of China buying US wheat, harvest doubts fuel rally.
Corn, soybeans stay firm on China demand, Midwest weather risks.

Published 16 Jul, 2020 05:26pm

Industry

Anglo sticks to 2020 output goals after COVID-induced Q2 slump

Miner says overall Q2 output falls 18%.
Says ramping up output to hit FY targets set in April.
Says targets dependent on how coronavirus pans out.

Published 16 Jul, 2020 05:23pm

Industry

Nissan plans 30pc cut in car output to Dec as virus hits demand

Japan's No. 2 automaker plans to produce around 2.6 million vehicles between April and December, down from 3.7 million during the same period last year.
Global automakers are struggling after factories were shuttered earlier this year to stem the spread of the pandemic.

Published 16 Jul, 2020 05:20pm

Industry

Barrick Gold expects 15pc drop in Q2 gold output

Barrick and China's Zijin Mining each own 47.5% of the Porgera mine and last week they approached the World Bank's International Centre to try to settle the dispute.
Average market price for gold was $1,711 per ounce in the quarter ended June 30, the Canadian miner said in a statement.

Published 16 Jul, 2020 05:16pm

There is need for enhanced international monitoring on human rights crisis in IoK: FO

Aisha says UN human rights body highlighted India's non-compliance with its international human rights obligations and also condemned its atrocities in the valley

Published 16 Jul, 2020 05:01pm

Money & Banking

Morgan Stanley profit jumps 45pc on trading boom

The bank's trading unit recorded a 68% jump in revenue, led by a nearly 168% surge in bond trading. Equities trading revenue rose 23%.
Morgan Stanley set aside $239 million as provisions for credit losses, down from $407 million in the previous quarter.

Published 16 Jul, 2020 05:10pm

Energy

OPEC fears second virus wave to prolong oil inventory overhang

OPEC, Russia and their allies, a group known as OPEC+, said they would ease record oil curbs from Aug. 1 citing a gradual recovery in demand as global lockdowns loosen up.
The group expects oil demand to climb by 7 million barrels per day (bpd) in 2021 after falling 9 million bpd this year.

Published 16 Jul, 2020 05:08pm

Money & Banking

Greek central bank mulls 'bad bank' to clean up sour loans

The Bank of Greece is processing a specific proposal for the implementation of a vehicle to comprehensively deal with problematic assets (Asset Management Company - AMC) for Greek banks.
"Dealing with a large pool of NPLs, which, contingent on macroeconomic developments, will increase, is a priority.

Published 16 Jul, 2020 05:04pm

Money & Banking

ECB takes policy pause even as pandemic worries rise

ECB keeps policy on hold.
Pausing to assess depth of contraction, growth prospects.
EU still to deliver fiscal package to support recovery.
Economists say ECB will act again in time.

Published 16 Jul, 2020 05:02pm

Industry

Amazon India demands product listings have country of origin by Aug 10

The trade ministry has called for e-commerce sites to name the country of origin beside product listings as Prime Minister Narendra Modi pushes for a self-reliant nation.
Failure to provide information in the "country of origin" attribute by August 10, 2020 may lead to enforcement action, including suppression of your listing.

Published 16 Jul, 2020 04:59pm

Pakistan

Coronavirus claims 34 more lives in Sindh

Province also reported 1155 new cases.

Published 16 Jul, 2020 05:01pm

Energy

Oil prices ease after OPEC+ agrees to ease output curbs

OPEC+ to ease output cuts to 7.7 mln bpd from Aug.
Economic recovery puts demand above supply –analyst.

Published 16 Jul, 2020 04:54pm

Industry

Rs400bn construction projects to be initiated in last quarter

A project envisaging construction of houses and apartments worth Rs145bn will commence from 20th October.

Published 16 Jul, 2020 03:53pm

Sports

Rebuilding Arsenal a 'massive job': Arteta

Gunners' beat Liverpool 2-1 on Wednesday but the London side are still ninth and trail the champions by 40 points.

Published 16 Jul, 2020 03:33pm

Industry

Chinese, Russian companies eye to purchase PSM, informs Azhar

We have received expressions of interest from 12 global companies for the privatization of the PSM, and six of them have visited the facility, said Azhar.

Published 16 Jul, 2020 02:15pm

Exchange

Pakistan gets permanent membership of SCO Youth Council

Usman Dar said this achievement is due to PM's efforts and initiatives for his youth.

Published 16 Jul, 2020 02:12pm

Sports

PCB unveils main sponsor of Pakistan team

The partnership will run initially until June 30, 2021.

Updated 16 Jul, 2020 02:10pm

Sports

Archer excluded from England squad after breaching bio-secure protocols

Archer will now commence five days of isolation and will undergo two Covid-19 tests in this period.

Published 16 Jul, 2020 01:34pm

Money & Banking

With inflation in India ticking higher it may be time for RBI to pause

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Published 16 Jul, 2020 01:43pm

Sports

Anderson, Wood rested, Root returns for second West Indies Test

Root missed England's four-wicket loss in last week's first Test following the arrival of his second child.

Published 16 Jul, 2020 01:32pm

Industry

Etihad resumes flight operations in Pakistan, with mandatory tests for passengers

The airline will operate 12 flights per week in Pakistan i.e. seven from Lahore, two from Islamabad, and three from Karachi

Published 16 Jul, 2020 01:17pm

Sindh, Balochistan extend lockdown

Sindh has extended till August 15, whereas Balochistan has extended till July 30.

Published 16 Jul, 2020 01:05pm

Money & Banking

Royal Bank of Scotland bids farewell to tainted name on July 22

The shake-up reflects the bank’s ongoing efforts to rebuild its reputation after its aggressive growth threatened to topple the UK financial system.

Published 16 Jul, 2020 12:52pm

Business & Finance

CAA says all licenses issued to pilots are genuine, valid

Jami wrote in his letter that the verification of licenses was done during the aviation reforms, and some shortcomings in the procedure have been identified which are being rectified.

Published 16 Jul, 2020 12:46pm

Business & Finance

China to become world’s leading economy by 2024, India to claim the third spot

India, which was nowhere in the picture in 2008 is expected to become the third-largest global economy by 2024, shifting Japan to the fourth spot.

Published 16 Jul, 2020 12:08pm

Life & Style

Dior unveils post-lockdown collection with miniature mannequins

The travelling miniatures echoed a format French couture houses last used during World War Two to try and keep collections going and reach customers.

Published 16 Jul, 2020 11:07am

World

Reconnaissance plane crashes in eastern Turkey, seven killed

Two pilots were also killed in the crash.

Published 16 Jul, 2020 10:55am

Stocks

Asian shares fall despite China GDP beat as Sino-U.S. tensions, virus fears weigh

Even news that China’s economy rebounded more than expected in the second quarter from a record contraction was not enough to pull regional equities out of the red.

Published 16 Jul, 2020 10:49am

Pakistan reports lowest daily number of coronavirus deaths since May

The country reported 40 deaths during the past 24 hours.

Updated 16 Jul, 2020 10:47am

Business & Finance

China's second-quarter GDP grows 3.2% year-on-year, beats expectations

The economy fell 1.6% in the first six months from a year earlier, the National Bureau of Statistics said.

Published 16 Jul, 2020 10:40am

Currency

Twitter hacking spree alarms experts concerned about the platform's security

Twitter said late Wednesday hackers obtained control of employee credentials to hijack accounts including those of Democratic presidential candidate Joe Biden, former president Barack Obama, reality television star Kim Kardashian, and tech billionaire and Tesla founder Elon Musk.

Published 16 Jul, 2020 10:34am

Forex

Dollar firms as weak China retail sales sound warning

China’s 3.2% economic growth last quarter easily beat market expectations for 2.5%.
But an unexpected drop in retail sales - for a fifth straight month - was an unwelcome harbinger of possible problems ahead for the rest of the world as more countries relax lockdowns and allow businesses to reopen.

Published 16 Jul, 2020 10:30am

Commodities

Oil prices ease after OPEC, allies agree to taper oil supply curbs

Brent crude fell 27 cents, or 0.6%, to $43.52 a barrel by 0439 GMT, and U.S. West Texas Intermediate (WTI) crude dropped 32 cents, or 0.8%, to $40.88 a barrel.

Published 16 Jul, 2020 10:28am

Currency

Many verified Twitter accounts able to post again after hacking

Twitter had limited some users’ ability to tweet, reset passwords and use other unspecified “account functions” after many of the platform’s top accounts were hacked and used to solicit digital currency.

Published 16 Jul, 2020 10:26am

BR Research

Provincial finance omission

The PM has directed all the provinces to constitute Provincial Finance Commissions (PFCs). Reportedly, Asad Umar ...

Published 16 Jul, 2020 08:17am

BR Research

The royal power mess

The Minister for Energy was seen lauding his government’s efforts in the power sector the other day on the floor ...

Published 16 Jul, 2020 08:16am

BR Research

PTCL: back to profit

Contrary to expectations, Pakistan’s telecom giant has fared rather well in the so-called “corona quarter”...

Published 16 Jul, 2020 08:14am

BR Research

SDGs in danger

Starting 2015, all member states of the UN have been working on achieving the Sustainable Development Goals (SDGs)...

Published 16 Jul, 2020 08:12am

Currency

Ahmad Hasan Textile Mills Limited

Ahmad Hasan Textile Mills Limited (PSX: AHTM) was established in 1989, and was listed on the Pakistan Stock Exchange...

Published 16 Jul, 2020 08:11am

Currency

Massive Twitter hack takes over high profile accounts to run Bitcoin scam

The cause of the breach was not immediately clear, but the scale and the scope of the problem suggested that it was not limited to a single account or service.

Updated 16 Jul, 2020 08:09am

Technology

Blow for EU as Apple wins fight against $15 billion tax order

LUXEMBOURG/DUBLIN (Reuters) - Apple scored a major win on Wednesday as Europe’s second-highest court rejected an ...

Published 16 Jul, 2020 05:08am

Pakistan

Cattle markets allowed at designated locations under SOPs

KARACHI: Sindh Chief Minister Syed Murad Ali Shah, keeping in view upcoming Eidul Azha, has allowed setting up of...

Updated 16 Jul, 2020 03:19am

Pakistan

Authorities restrained from taking action against Palpa SG

KARACHI: The Sindh High Court (SHC) on Wednesday restrained the authorities from taking any action against Imran...

Updated 16 Jul, 2020 03:19am

Pakistan

Daniel Pearl case: SHC issues notice to Sindh AG, PG over detention of acquitted men

KARACHI: The Sindh High Court (SHC) on Wednesday issued notices to Advocate General (AG) and Prosecutor General (PG)...

Updated 16 Jul, 2020 03:18am

Technology

Google to buy $4.5 bn stake in digital unit of India's Reliance

MUMBAI: Google will buy a $4.5 billion stake in Reliance's digital unit and jointly develop an entry-level ...

Updated 16 Jul, 2020 03:18am

Exchange

FIA arrests 'RAW agent' suspect

KARACHI: The Federal Investigation Agency (FIA) on Wednesday arrested a suspect on charges of committing target...

Updated 16 Jul, 2020 03:17am

Pakistan

Punjab government to shift brick kilns to zigzag technology

LAHORE: The Punjab government has decided to transfer brick kilns to zigzag technology and provision of loans in the...

Updated 16 Jul, 2020 03:14am

Pakistan

Appointment of Punjab Ombudsman: LHC seeks summary, notification of premature retirement of Azam

LAHORE: The Lahore High Court on Wednesday called summary and notification about premature retirement of former ...

Updated 16 Jul, 2020 03:14am

Pakistan

Bilawal phones Fazl, discusses political situation

ISLAMABAD: Chairman Pakistan Peoples Party Bilawal Bhutto-Zardari telephoned Jamiat Ulema-e-Islam (JUI-F) chief...

Updated 16 Jul, 2020 03:14am

Pakistan

Covid-19 (Prevention of Hoarding) Ord, 2020 laid in Senate

ISLAMABAD: The federal government on Wednesday laid in the Senate the Covid-19 (Prevention of Hoarding) Ordinance,...

Updated 16 Jul, 2020 03:13am

Pakistan

Video clip: SC indicts 'Contemnor'

ISLAMABAD: The Supreme Court on Wednesday indicted alleged contemnor Agha Iftikharud Din Mirza for threatening and...

Updated 16 Jul, 2020 03:13am

Pakistan

Thatta Water Supply Scheme reference: AC to indict Zardari via video link on Aug 4

ISLAMABAD: The Accountability Court hearing multi-billion rupees fake bank accounts case on Wednesday decided to...

Updated 16 Jul, 2020 03:12am

Pakistan

Zaidi urges Bilawal to show Benazir's will

ISLAMABAD: Federal Minister for Maritime Affairs Ali Haider Zaidi on Wednesday demanded Pakistan Peoples' Party ...

Updated 16 Jul, 2020 03:12am

Pakistan

Appointment of PIA CEO: Reservations set aside by Cabinet

ISLAMABAD: The federal cabinet is said to have set aside the reservations of Secretary Cabinet on appointment of Air...

Updated 16 Jul, 2020 03:12am

Pakistan

Online learning: Ministry to present suggestions to PM, Cabinet: Shafqat

ISLAMABAD: The Ministry of Education will present recommendations to the prime minister and the Cabinet regarding...

Updated 16 Jul, 2020 03:10am

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 16 Jul, 2020 03:08am

World

China calls Britain 'America's dupe' for banning Huawei

BEIJING: Beijing lashed out Wednesday at Britain's decision to ban Huawei equipment, saying London had become...

Updated 16 Jul, 2020 03:08am

Pakistan

CM announces uplift projects for DGK backward areas

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has announced development projects for the backward areas in Dera...

Updated 16 Jul, 2020 03:07am

Stocks

European stocks climb

FRANKFURT: European stocks closed at over a five-week high on Wednesday, with travel stocks surfing a wave of...

Updated 16 Jul, 2020 03:07am

Stocks

Banks lift Saudi index

DUBAI: The Saudi Arabian stock market ended higher on Wednesday, as the Organization of the Petroleum Exporting...

Updated 16 Jul, 2020 03:07am

Energy

US natural gas futures higher on hot weather

NEW YORK: US natural gas futures edged higher on Tuesday on forecasts for more hot weather and higher cooling demand...

Updated 16 Jul, 2020 03:07am

Energy

2,100MW may be added to KE system over three years

KARACHI: K-Electric has planned to include around 2,100 megawatts of electricity to its system by the summer 2023 to...

Updated 16 Jul, 2020 03:07am

Energy

Hike in prices of RLNG notified

ISLAMABAD: The federal government on Wednesday notified an increase in the prices of re-gasified liquefied natural...

Updated 16 Jul, 2020 03:07am

Commodities

CBOT soyabean futures up

CHICAGO: Chicago Board of Trade soyabean futures closed higher on Tuesday in rangebound trade, buoyed by on ...

Updated 16 Jul, 2020 03:07am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,483. The traded value...

Updated 16 Jul, 2020 03:07am

Commodities

Gold hits another historic peak

KARACHI: Gold on Wednesday hit another historic peak of Rs109300 per tola, up by Rs400 on the local market, traders...

Updated 16 Jul, 2020 03:07am

Pakistan

PML-N could not improve sewerage system in 10 years: Elahi

LAHORE: On the first day of the 23rd session of the Punjab Assembly, Speaker Chaudhry Pervaiz Elahi on Wednesday ...

Updated 16 Jul, 2020 03:07am

Pakistan

Kaira accuses PM of crises in country

LAHORE: Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira has blamed Prime Minister Imran Khan for the...

Updated 16 Jul, 2020 03:06am

Pakistan

Plan worth Rs 28.59 billion afoot to save water: minister

LAHORE: Punjab Minister for Agriculture Malik Nauman Ahmad Langrial has said that a plan is being implemented to ...

Updated 16 Jul, 2020 03:06am

Industry

Closure of tourism, travel industry: Rs 800 billion losses incurred to exchequer

ISLAMABAD: The closure of tourism, travel and hospitality industry since March due to surge in coronavirus has...

Updated 16 Jul, 2020 03:05am

Money & Banking

Sterling moves above $1.26

LONDON: Sterling was dragged up by a weaker dollar and an improvement in risk sentiment on Wednesday, with analysts...

Updated 16 Jul, 2020 03:05am

Money & Banking

Aussie, kiwi test resistance

SYDNEY: The Australian and New Zealand dollars edged higher on Wednesday as progress on a Covid-19 vaccine buoyed US...

Updated 16 Jul, 2020 03:05am

Money & Banking

SBP Rozgar Refinance Scheme: BOK organises awareness session

PESHAWAR: The Bank of Khyber (BOK) has conducted a session for customers, meant to enhance awareness of State Bank ...

Updated 16 Jul, 2020 03:05am

Business & Finance

Global consumer confidence plunged in Q2

LONDON: Global consumer confidence registered a record drop from April through June as the economic fallout from ...

Updated 16 Jul, 2020 03:05am

Business & Finance

UBG rejects proposed shifting of FPCCI head office to Islamabad

KARACHI: United Business Group (UBG) has strongly rejected the proposed shifting of Head Office of "Federation of...

Updated 16 Jul, 2020 03:05am

Business & Finance

KP-EZDMC formally launches Jalozai Economic Zone

PESHAWAR: Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) formally launched 257 ...

Updated 16 Jul, 2020 03:05am

Business & Finance

PTCL Group's H1 revenue down 5 percent YoY

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) Group's revenue of Rs62.9 billion for the first half of...

Updated 16 Jul, 2020 03:05am

Pakistan

Roosevelt Hotel: Petition disposed off

ISLAMABAD: The Islamabad High Court (IHC) on Wednesday disposed of a petition challenging the purported ...

Updated 16 Jul, 2020 03:05am

Pakistan

Avenfield Apartments: 'Nawaz, Maryam not required to pay fine until final decision'

ISLAMABAD: After the suspension of sentences of former prime minister Nawaz Sharif and his daughter Maryam Safdar in...

Updated 16 Jul, 2020 03:05am

Pakistan

Meeting on water issues: NA panel irked over absence of Vawda, scy

ISLAMABAD: The National Assembly Standing Committee on Water Resources, which met Wednesday with Nawab Yousuf Talpur...

Updated 16 Jul, 2020 03:04am

Pakistan

Bilawal warns against tinkering with 18th Amendment

ISLAMABAD: Chairman Pakistan People's Party (PPP) Bilawal Bhutto-Zardari has warned against tinkering with the 18th...

Updated 16 Jul, 2020 03:04am

Pakistan

Petition against appointment of SAs to PM: IHC expresses displeasure over non-submission of replies

ISLAMABAD: Islamabad High Court (IHC) Wednesday expressed displeasure over non-submission of replies by the...

Updated 16 Jul, 2020 03:04am

Pakistan

10th class results as per schedule: BISE chief

LAHORE: Board of Intermediate and Secondary Education Lahore Chairman Prof Riaz Ahmed Hashmi has said the results of...

Updated 16 Jul, 2020 03:03am

Pakistan

Midas Safety donates 2.5 million medical gloves

KARACHI: To meet the health and safety needs of frontline workers during these times, Midas Safety donated 2.5...

Updated 16 Jul, 2020 03:03am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (July 15, 2020) and the forecast for Thursday (July 16, 2020)....

Updated 16 Jul, 2020 03:02am

World

Iran hit by new fire that destroys shipyard

TEHRAN: A fire broke out Wednesday at an Iranian shipyard in the southwestern port of Bushehr, damaging several...

Updated 16 Jul, 2020 03:00am

World

US says Russia group laid mines around Tripoli

WASHINGTON: The US military accused a Russian state-backed mercenary group of laying landmines and other explosive...

Updated 16 Jul, 2020 03:00am

World

UK slave trader statue replaced by protester sculpture

BRISTOL: A statue of a slave trader toppled by anti-racism protesters in Britain last month was replaced Wednesday -...

Updated 16 Jul, 2020 03:00am

DG Transit Trade extends scope to Wagha border

ISLAMABAD: The Federal Board of Revenue (FBR) has re-organized the powers and functions of the Directorate General ...

Updated 16 Jul, 2020 02:58am

Currency

Foreign investors contribute significantly towards GDP: OICCI

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), the chamber of leading 200 foreign...

Updated 16 Jul, 2020 02:58am

Moderna Phase 1 results show coronavirus vaccine safe, induces immune response

CHICAGO: Moderna Inc's experimental vaccine for COVID-19 showed it was safe and provoked immune responses in all 45...

Updated 16 Jul, 2020 02:58am

Companies Act: PBC concerned at restoration of Sec 452

ISLAMABAD: The Pakistan Business Council (PBC) has expressed serious concerns over restoration of section 452 of the...

Updated 16 Jul, 2020 02:58am

Khalid Mehmood made MD KW&SB

KARACHI: The Sindh government has appointed Khalid Mehmood Shaikh the new managing director of the Karachi Water and...

Updated 16 Jul, 2020 02:58am

IMF says govt likely to finalize 'triage' of SOEs

ISLAMABAD: Pakistan is expected to finalize a "triage" of all State-owned entities (SOEs), which would identify ...

Updated 16 Jul, 2020 02:58am

Losses reach Rs2trn mark: minister

ISLAMABAD: State-owned enterprises' (SOEs') cumulative financial losses have reached Rs2,000 billion mark, Federal...

Updated 16 Jul, 2020 02:58am

Currency

Diamer Bhasha Dam: PM kicks off construction work

ISLAMABAD: Prime Minister Imran Khan on Wednesday kicked off the mega construction work at Diamer Bhasha Dam at ...

Updated 16 Jul, 2020 02:58am

Provinces reject, albeit partially, IGCEP 2047

ISLAMABAD: Provincial governments on Wednesday partially rejected the federal government's much-talked about draft...

Published 16 Jul, 2020 02:38am

Currency

Wheat procurement, import: ECC voices anger at failure

ISLAMABAD: The Econ-omic Coordination Committee (ECC) of the Cabinet has expressed its anger at failure to ensure...

Published 16 Jul, 2020 02:38am

Macroeconomic instability limits productivity growth: WB

ISLAMABAD: Productivity growth in Pakistan was limited by macroeconomic instability, says the World Bank (WB). The...

Published 16 Jul, 2020 02:38am

Housing finance: SBP sets mandatory targets for banks

KARACHI: The State Bank of Pakistan (SBP) has set mandatory targets for banks to extend mortgage loans and financing...

Published 16 Jul, 2020 02:38am

Industry

Dell evaluating spinoff of 81% stake in VMware

The company said the evaluation was in an early stage and it was looking at options including maintaining its current ownership.

Published 16 Jul, 2020 02:52am

Trump interested in Roosevelt Hotel?

ISLAMABAD: The Privat-isation Division will hire services of financial advisor/advisors who will decide the fate of...

Published 16 Jul, 2020 02:38am

Coronavirus toll at 1900 GMT Wednesday

At least 13,407,780 cases of coronavirus have been registered in 196 countries and territories. Of these, at least 7,264,600 are now considered recovered.

Published 16 Jul, 2020 02:44am

Business & Finance

UBL partners with Honda

KARACHI: UBL recently signed an agreement with Honda Atlas Cars (Pakistan) Limited in order to provide exclusive...

Published 16 Jul, 2020 02:38am

Middle East

Israel's Netanyahu pledges financial aid for 'all citizens'

Families with children will receive one-off payments of between 2,000 and 3,000 shekels ($580-875), while "all other citizens over the age of 18 will receive 750 shekels," Netanyahu pledged at a press conference.

Published 16 Jul, 2020 02:42am

Stocks

Vaccine hopes lift US stocks as travel shares gain

The broad-based S&P 500 also gained 0.9 percent to end the day at 3,226.55, while the tech-rich Nasdaq Composite Index climbed 0.6 percent to 10,550.49.

Published 16 Jul, 2020 02:40am

Europe

Ireland delays end of full coronavirus lockdown

Under an accelerated version of the government's original plan to leave lockdown, Ireland had been set to enter the fourth and final stage of restrictions relaxing on Monday.

Published 16 Jul, 2020 02:39am

Africa

South Africa virus cases rise over 300,000

An additional 107 fatalities were also reported on Wednesday, bringing the total number of deaths up to 4,453.

Published 16 Jul, 2020 02:38am

China

China summons US ambassador over Hong Kong sanctions

BEIJING: China's foreign ministry summoned the US ambassador on Wednesday to protest Washington's sanctions over a...

Published 16 Jul, 2020 02:38am

World

Danish ice cream maker drops 'Eskimo' name

COPENHAGEN: A Danish ice cream maker said on Wednesday it would remove the name "Eskimo" from one of its products in...

Published 16 Jul, 2020 02:38am

World

One dead, dozens injured in train crash near Prague

PRAGUE: A train driver died and dozens of passengers were injured when a passenger train collided with a stationary...

Published 16 Jul, 2020 02:38am

World

Rhodes statue beheaded in South Africa's Cape Town

CAPE TOWN: A bronze bust in a Cape Town park honouring 19th-century British imperialist Cecil Rhodes has been...

Published 16 Jul, 2020 02:38am

Currency

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 16 Jul, 2020 02:38am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (July 15, ...

Published 16 Jul, 2020 02:38am

Currency

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 16 Jul, 2020 02:38am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (July 15, 2020). ========================== KIBOR...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (July 15, 2020). ========================...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price 1,125.8962 Bid...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (July 15, 2020). ======================== Offer ...

Published 16 Jul, 2020 02:38am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 16 Jul, 2020 02:38am

Exchange

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 16 Jul, 2020 02:38am

Exchange

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 16 Jul, 2020 02:38am

Exchange

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 16 Jul, 2020 02:38am

Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 16 Jul, 2020 02:38am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 16 Jul, 2020 02:38am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 16 Jul, 2020 02:38am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Currency

THE RUPEE: Mixed trend persists

KARACHI: On Wednesday, upon market closing, Pakistan Rupee exhibited mixed behaviour. It gained value for selling...

Published 16 Jul, 2020 02:38am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Exchange

LME official prices

LONDON: The following were Tuesday official prices....

Published 16 Jul, 2020 02:38am

Pakistan

VC Nishtar Medical University dies of Covid-19

MULTAN: Nishtar Medical University (NMU) Vice Chancellor (VC) Dr Mustafa Kamal Pasha, who had been on ventilator for...

Published 16 Jul, 2020 02:38am

Stocks

British stocks end higher

LONDON: British stocks rose on Wednesday as signs of progress in developing a Covid-19 vaccine bolstered hopes of a...

Published 16 Jul, 2020 02:38am

Stocks

Japanese shares up

TOKYO: Japanese stocks rose on Wednesday to a five-week high as encouraging results from a coronavirus vaccine study...

Published 16 Jul, 2020 02:38am

Stocks

Australian, New Zealand shares up

SYDNEY: Australian shares closed higher on Wednesday, mirroring overnight gains on Wall Street, with material stocks...

Published 16 Jul, 2020 02:38am

Stocks

Wall Street surges

NEW YORK: Wall Street surged on Tuesday, with the Dow Jones Industrial Average ending more than 2% higher as...

Published 16 Jul, 2020 02:38am

Stocks

Wednesday's early trade: S&P scales over 4-month peak

NEW YORK: Wall Street gained on Wednesday with the S&P 500 hitting its highest in more than four months ...

Published 16 Jul, 2020 02:38am

Stocks

China shares lower

SHANGHAI: China shares ended lower on Wednesday after a volatile session as US actions against Hong Kong dented the...

Published 16 Jul, 2020 02:38am

Stocks

Hong Kong stocks flat

HONG KONG: Hong Kong shares ended flat on Wednesday, after US president Donald Trump's decisions to revoke city's...

Published 16 Jul, 2020 02:38am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 173,587 tonnes of cargo comprising 117,200 tonnes of import cargo and 56,387 ...

Published 16 Jul, 2020 02:38am

Opinion

Partly Facetious: Mission accomplished?

ARTICLE: "The Khan zindabad is what I say." "I agree - he is doing a stellar job. I mean here are other airlines ...

Published 16 Jul, 2020 02:38am

Pakistan

June 19 short order: SCBA files review petition, raises questions

ISLAMABAD: The Supreme Court Bar Association (SCBA) has asked under what provision of Income Tax Ordinance (ITO) ...

Published 16 Jul, 2020 02:38am

Pakistan

KU implementing online learning management systems

KARACHI: The University of Karachi is implementing Online Learning Management Systems to conduct online classes,...

Published 16 Jul, 2020 02:38am

Pakistan

PCAA confirms CAAO: All CPL/ATPL pilot licenses are genuine, validly issued

KARACHI: Pakistan Civil Aviation Authority (PCAA) has confirmed the Civil Aviation Authority of Oman (CAAO) that ...

Published 16 Jul, 2020 02:38am

Pakistan

Balochistan extends smart lockdown for another 15 days

QUETTA: In view of the spread of Covid-19 cases in the province, the Balochistan government on Wednesday announced ...

Published 16 Jul, 2020 02:38am

Pakistan

Punjab Emergency Service/Rescue-1122: Verdict reserved on ex-DG's plea seeking regularisation of services

LAHORE: The Lahore High Court (LHC) on Wednesday reserved its verdict on a petition of former Director Generals (DG)...

Published 16 Jul, 2020 02:38am

Pakistan

Funds shortage: Ministry shows inability to produce PPEs in bulk

ISLAMABAD: The Ministry of Science and Technology Wednesday expressed its inability to mass produce Personal...

Published 16 Jul, 2020 02:38am

Pakistan

Number of positive cases slightly increases in capital

ISLAMABAD: The number of confirmed Covid-19 cases witnessed a slight increase on Wednesday in the federal capital as...

Published 16 Jul, 2020 02:38am

Pakistan

SU organises webinar on climate change

HYDERABAD: De-forestation, excessive use of plastic ware, lack of rainfall, increased road and space traffic,...

Published 16 Jul, 2020 02:38am

Currency

Debt Relief

ARTICLE: While the world economy was already experiencing a synchronized downturn to the weakest in a decade - owing...

Published 16 Jul, 2020 02:38am

Opinion

As virus-wary shoppers opt for online purchases, retailers pay the price

ARTICLE: Online sales may be a saving grace for pandemic-battered retailers with fewer shoppers in their stores. But...

Published 16 Jul, 2020 02:38am

Currency

Asia's garment workers say virus used as cover to smash unions

ARTICLE: From factory floors in India to the warehouses of Cambodia, garment workers for global brands say the...

Published 16 Jul, 2020 02:38am

Letters

Govt-KE talks

LETTER: It is quite unfortunate that the talks between Karachi Electric (KE) and federal government remained...

Published 16 Jul, 2020 02:38am

Pakistan

Ilma opens its campus in Gulshan-e-Iqbal

KARACHI: Ilma University opened its campus in the heart of Karachi - Gulshan-e-Iqbal. This is yet another monumental...

Published 16 Jul, 2020 02:38am

Exchange

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 16 Jul, 2020 02:38am

Forex

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July...

Published 16 Jul, 2020 02:38am

Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...

Published 16 Jul, 2020 02:38am

Forex

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on...

Published 16 Jul, 2020 02:38am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (July ...

Published 16 Jul, 2020 02:38am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (July 15, 2020). ========================...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price 1,317.5995...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (July 15, 2020). ======================== Offer Price...

Published 16 Jul, 2020 02:38am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (July 15, 2020). ==================================== BR...

Published 16 Jul, 2020 02:38am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Wednesday (July 15, 2020)...

Published 16 Jul, 2020 02:38am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (July 15, 2020). ======================== Bid Rate ...

Published 16 Jul, 2020 02:38am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 16 Jul, 2020 02:38am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (July 15, 2020). ======================================= Offset...

Published 16 Jul, 2020 02:38am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 15, 2020)...

Published 16 Jul, 2020 02:38am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 15, 2020)....

Published 16 Jul, 2020 02:38am

Energy

Oil climbs 2pc on US stock draw but gains capped as OPEC+ set to ease cuts

NEW YORK: Oil prices rose 2% on Wednesday, supported by a sharp drop in US crude inventories, but further gains were...

Published 16 Jul, 2020 02:38am

Commodities

Palm oil jumps

KUALA LUMPUR: Malaysian palm oil futures extended gains for a fourth straight session on Wednesday, closing near a...

Published 16 Jul, 2020 02:38am

Commodities

Gold inches up in NY

NEW YORK: Gold prices edged up on Wednesday, holding above the key $1,800 level, as a surge in coronavirus cases and...

Published 16 Jul, 2020 02:38am

Commodities

Copper slides

LONDON: Copper prices slipped on Wednesday as political tensions between the United States and China triggered a...

Published 16 Jul, 2020 02:38am

Currency	Rate
USD PKR Interbank Selling / Jul 7	278.30
USD PKR Interbank Buying / Jul 7	278.10
USD to Japanese Yen / Jul 8	162.33
USD to Swiss Franc / Jul 8	0.81
Pound Sterling to USD / Jul 8	1.34
Euro to USD / Jul 8	1.14
SOFR % / Jul 7	3.66

Stock	Volume
S&P 500 / Jul 7	7,503.85
Nasdaq / Jul 7	25,818.69
FTSE 100 / Jul 7	10,665.88
Dow Jones / Jul 7	52,925.15
Germany DAX 30 / Jul 7	25,465.25
France CAC40 / Jul 7	8,436.24
India Sensex / Jul 8	77,782.18
Tokyo Nikkei / Jul 8	67,268.49
Hang Seng / Jul 8	24,241.74

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 7	17,880
Gold 10 Grams PKR / Jul 7	372,887
Petrol/Litre / Jul 8	297.53
Crude Oil USD/Barrel / Jul 8	72.62
Gold Spot USD/Ounce / Jul 8	4,127.97
Diesel/Litre / Jul 8	309.50
Cotton US¢/pound / Jul 8	80.72

Stock	Price
Tariq Corp. (R) / Jul 7 Tariq Corporation Limited(Right)(TCORPR2)	6.42 ▲ 1 (18.45%)
First Punjab Modaraba / Jul 7 First Punjab Modaraba(FPJM)	9.35 ▲ 0.98 (11.71%)
Ittefaq Iron Ind / Jul 7 Ittefaq Iron Industries Limited(ITTEFAQ)	9.70 ▲ 1 (11.49%)
Samba Bank / Jul 7 Samba Bank Limited(SBL)	12.64 ▲ 1.15 (10.01%)
Baba Farid Sugar / Jul 7 Baba Farid Sugar Mills Limited(BAFS)	356.50 ▲ 32.41 (10%)
Cresent Jute / Jul 7 Crescent Jute Products Limited(CJPL)	15.29 ▲ 1.39 (10%)
Fateh Ind. / Jul 7 Fateh Industries Limited(FIL)	354.66 ▲ 32.24 (10%)
Fateh Sports / Jul 7 Fateh Sports Wear Limited(FSWL)	216.87 ▲ 19.72 (10%)
IbrahimFibres / Jul 7 Ibrahim Fibres Limited(IBFL)	328.36 ▲ 29.85 (10%)
Pak Leather Crafts / Jul 7 Pak Leather Crafts Limited(PAKL)	60.40 ▲ 5.49 (10%)

Stock	Price
Dewan Farooque Sp. / Jul 7 Dewan Farooque Spinning Mills Limited(DFSM)	29.58 ▼ -3.29 (-10.01%)
Hala Enterprise / Jul 7 Hala Enterprises Limited(HAEL)	33.02 ▼ -3.67 (-10%)
S.G.Power / Jul 7 S.G. Power Limited(SGPL)	105.61 ▼ -11.73 (-10%)
Tandlianwala Sugar / Jul 7 Tandlianwala Sugar Mills Limited(TSML)	809.92 ▼ -89.99 (-10%)
First Fid. Leasing / Jul 7 First Fidelity Leasing Modaraba(FFLM)	19.47 ▼ -2.16 (-9.99%)
Khairpur Sug. / Jul 7 Khairpur Sugar Mills Limited(KPUS)	1,911.43 ▼ -212.15 (-9.99%)
Dewan Textile / Jul 7 Dewan Textile Mills Limited(DWTM)	10.13 ▼ -1.1 (-9.8%)
Chashma / Jul 7 Chashma Sugar Mills Limited(CHAS)	118.97 ▼ -12.52 (-9.52%)
Arpak Int. / Jul 7 Arpak International Investments Ltd.(ARPAK)	135.45 ▼ -9.66 (-6.66%)
Burshane LPG / Jul 7 Burshane LPG (Pakistan) Limited(BPL)	52 ▼ -3.48 (-6.27%)

Stock	Volume
TPL REIT Fund I / Jul 7 TPL REIT Fund I(TPLRF1)	75,734,236 ▲ 0.12
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	72,488,592 ▲ 0.78
B.O.Punjab / Jul 7 The Bank of Punjab(BOP)	60,713,301 ▲ 0.24
LSE Capital / Jul 7 LSE Capital Limited(LSECL)	37,977,565 ▲ 0.38
TPL Corp Ltd / Jul 7 TPL Corp Limited(TPL)	28,625,521 ▲ 0.64
Cnergyico PK / Jul 7 Cnergyico PK Limited(CNERGY)	28,186,055 ▼ -0.01
Pak Elektron / Jul 7 Pak Elektron Limited(PAEL)	26,959,398 ▲ 0.3
Siddiqsons Tin / Jul 7 Siddiqsons Tin Plate Limited(STPL)	26,258,486 ▲ 0.36
Thatta Cement / Jul 7 Thatta Cement Company Limited(THCCL)	20,400,496 ▲ 5.07
Agha Steel Ind. / Jul 7 Agha Steel Ind.Ltd(AGHA)	18,331,884 ▲ 0.21