News Archives for Latest - 2020-07-17

Life & Style

Former partners tell UK court Amber Heard's wife beater claims don't reflect the 'true' Johnny Depp they know

Two of Depp’s former partners have said he was never violent towards them.

Updated 20 Jul, 2020 01:08pm

Exchange

An interview with Dr Asim Ijaz Khwaja, Professor of International Finance and Development at the Harvard Kennedy School

Dr Asim Ijaz Khwaja is the first Pakistani hired by Harvard as a professor. In this interview he has shared his views on a wide range of topics; Policy making during the covid-19 crises, Productivity, Reforms, Political Economy and Economic teaching . He has explained the problems along with their possible solutions.

Updated 19 Jul, 2020 10:12am

Pakistan

No immediate threat of food shortage in country: Fakhar

The government was making a strategy for next year in view of declined in agricultural production.

Published 17 Jul, 2020 11:43pm

Pakistan

Tree plantation vital for sustainable environment: CM

He said this on the occasion of inauguration of monsoon plantation drive in DG Khan.

Published 17 Jul, 2020 11:42pm

World

COVID-19 resurgence poses biggest risk to US economy: IMF

The second quarter saw a 37 percent collapse in GDP, which is expected to contract by 6.6 percent in 2020, the fund said, stressing the "tremendous uncertainties" surrounding the outlook.

Published 17 Jul, 2020 11:41pm

Pakistan

PTI Govt’s performance much better than previous regimes: Fawad

Fawad Hussain said the PTI government under vision of Prime Minister Imran Khan was heading the country toward the right direction to bring the development and prosperity.

Published 17 Jul, 2020 11:39pm

Pakistan

CM to visit every city to resolve public problems

The government was engaged in the task of public service with full commitment, but added that the designs of the conspirators would be foiled again.

Published 17 Jul, 2020 11:38pm

Pakistan

183,737 COVID-19 patients recover so far: NCOC

The data released by the NCOC, 259,999 COVID-19 positive cases were detected across the country till date.

Published 17 Jul, 2020 11:35pm

Cotton

Exports to different countries surge: Razak

The government was working to boost small & medium enterprises (SMEs) in the country; he said adding three-month bill of SMEs had been waived due to COVID-19.

Published 17 Jul, 2020 11:33pm

Pakistan

Razak appreciates approval of GI Law to protect local products in International market

The Advisor said that “Our policy will be to get premium prices for our indigenous products in the international market.”

Published 17 Jul, 2020 11:25pm

Perspectives

Who increased the price of petrol?

Under any conventional situation of energy challenges, the economy usually pays against the uneven scenarios and...

Published 17 Jul, 2020 11:07pm

Pakistan

20 more new corona cases reported in Balochistan

As many as, 8313 affected patients have been recovered from the coronavirus so far while 131 deaths were recorded due to the deadly virus in Balochistan.

Published 17 Jul, 2020 11:23pm

Europe

Brazil virus outbreak has 'plateaued': WHO

Brazil is the second worst virus affected country in the world after the United States, counting nearly 77,000 deaths and more than two million cases.

Published 17 Jul, 2020 11:21pm

Pakistan

Whopping Rs17bn record auction by CDA reflected investor confidence: Shibli

He said besides creation of thousands of jobs, industrial activity will trigger much needed economic activity in times of coronavirus.

Published 17 Jul, 2020 11:19pm

Pakistan

Int'l cooperation indispensable to respond to coronavirus pandemic, economic recession: Qureshi

The foreign minister said the pandemic had triggered the worst economic crisis since the Great Depression of the 1930s.

Published 17 Jul, 2020 11:12pm

Pakistan

NAB’s anti-corruption strategy starts yielding results: Chairman NAB

NAB had geared up and rejuvenated to eradicate corruption within all its forms and manifestations, the chairman added.

Published 17 Jul, 2020 11:03pm

Forex

South Africa's rand firmer in yield hunt

Sentiment had also been held back by renewed tensions between Washington and Beijing.
The likelihood of a rate cut prompted some investors to buy the rand and pocket the still high yield on the currency before it potentially falls next week.

Published 17 Jul, 2020 09:56pm

Currency

US economy faces significant risks, long road to recovery: IMF staff

There are tremendous uncertainties surrounding the economic propagation of the COVID-19 shock.
It will likely take a prolonged period to repair the economy and to return activity to pre-pandemic levels.

Published 17 Jul, 2020 09:53pm

Energy

Oil prices broadly stable as stimulus hopes balance virus fears

Surging infection rates stoke demand concerns.
US reports daily record in new coronavirus cases.
OPEC+ to add supplies by easing output curbs.

Published 17 Jul, 2020 09:53pm

Forex

Russian rouble hits 72 vs dollar on limited risk appetite, falling oil prices

A strengthening dollar and falling oil prices also played against the rouble, as the Russian currency was set to end the week in negative territory.
Brent crude oil, a global benchmark for Russia's main export, was down 0.4% at $43.22 a barrel.

Published 17 Jul, 2020 09:10pm

USA

Treasury's Mnuchin open to blanket forgiveness for smaller business relief loans

Mnuchin told lawmakers that they should consider such an approach to reduce complexity, coupled with some form of fraud protection. *"This time, we need to have a revenue test and make sure that money is going to businesses that have significant revenue declines," he said.

Published 17 Jul, 2020 08:54pm

Currency

Nigeria inflation rises in June, food and healthcare cost weigh

Inflation climbed to 12.56%, its highest level in more than two years, from 12.4% in May, the National Bureau of Statistics said.
The central bank is due to meet on Monday to set interest rates after it last week depreciated the naira by 5.5% against the dollar on the official market.

Published 17 Jul, 2020 08:47pm

Industry

Emirates resumes Iran flights after five-month break

Iran, the worst-hit country in the Middle East, has been scrambling to contain the pandemic since it reported its first two COVID-19 deaths in February.
The UAE, of which Dubai is a member, is a key international transit route for Iranians and had daily flights to Iran.

Published 17 Jul, 2020 08:40pm

South Asia

Russia ready to mediate talks between Armenia, Azerbaijan

Putin alongside senior Russian government officials "emphasised an urgent need for the parties to adhere to a ceasefire.
Negotiations mediated by Russia, the United States, and France since 1994 have failed to bring about a lasting resolution to the stalemate.

Published 17 Jul, 2020 08:35pm

Europe

German finance minister under fire over Wirecard warnings

Wirecard collapsed spectacularly last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts likely did not exist.
Scholz has described the Wirecard scandal as "unparalleled in the financial world" and called for reforms of the country's finance watchdog Bafin.

Published 17 Jul, 2020 08:33pm

World

World Bank official urges G20 to extend debt relief

G20 finance ministers are set to hold a virtual meeting Saturday, and are expected to discuss the status of the debt relief initiative.
She called the initial step "useful" but said, "Sadly, that step hasn't gone as far as it has been hoped.

Updated 17 Jul, 2020 08:33pm

Exchange

China says it supports extension of CPEC to Afghanistan

In recent days, Pakistan opened five major routes with Afghanistan for trade to help Afghanistan boost economic activity

Updated 17 Jul, 2020 08:06pm

Commodities

Palm gains; posts highest weekly jump in over 3 years on supply worries

The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange settled 3.7% higher at 2,614 ringgit ($613.33) per tonne.
"Weather factors have been supporting the market since a few days ago," a Singapore-based trader said.

Published 17 Jul, 2020 08:00pm

Stocks

Wall St set to open higher on optimism over economic recovery

Netflix falls as subscriber growth forecast disappoints
BlackRock rises as fixed-income investing boosts profit
Futures up: Dow 0.59%, S&P 0.67%, Nasdaq 1.10%.

Published 17 Jul, 2020 07:55pm

Money & Banking

Turkish central bank seen keeping policy rate unchanged at 8.25pc

The bank cut its policy rate from 24% to 8.25% in less than a year, at first to pull the country out of a recession.
The pandemic "led to some increase in the trends of core inflation indicators.

Published 17 Jul, 2020 07:50pm

Companies

Corn, soybeans up 2-3 cents; wheat up 1-3 cents

Technical buying, end-of-week short-covering expected in wheat market.
Recent Chinese purchases of US corn also supportive.
Signs of rising Chinese demand for US soybeans prices.

Published 17 Jul, 2020 07:47pm

Stocks

Sri Lankan shares end higher as industrials, financials boost

The benchmark CSE All Share Index closed up 0.71% at 4,988.50 on Friday, but still posted its third straight weekly loss of 0.1%.
Boosting the index conglomerate John Keells Holdings Plc and cigarette maker Ceylon Tobacco Plc gained 1.5% and 1%, respectively.

Published 17 Jul, 2020 07:44pm

Industry

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

BA had been due to retire its jumbo fleet in 2024.
Predecessor airline BOAC first flew jet in 1971.
Four-engined jumbos superseded by efficient twinjets.

Published 17 Jul, 2020 07:39pm

Commodities

India, China retail markets reel from pandemic pain

Chinese discounts deepen to $30-$25/oz
India still at small premium as imports, smuggling stall
Some retailers forced to shut in Singapore

Published 17 Jul, 2020 07:22pm

Stocks

Wall St opens higher on hopes of stimulus-led economic rebound

The Dow Jones Industrial Average rose 39.91 points, or 0.15%, at the open to 26,774.62. The S&P 500 opened higher by 8.64 points, or 0.27%, at 3,224.21
the Nasdaq Composite gained 26.69 points, or 0.25%, to 10,500.52 at the opening bell.

Published 17 Jul, 2020 07:20pm

Stocks

Where did all the bulls go? Rallies stall as EU summit begins

European, US and world equity markets were heading for their third weekly gain in a row, though the pace of the rally has slowed.
We now see higher risk of a market correction, considering the improvement in hard economic data we have seen over the past couple of months is likely to halt.

Published 17 Jul, 2020 07:18pm

Energy

Colombia's Ecopetrol increases 2020 investment despite low prices

Based on a detailed review of the company's portfolio, the progress of interventions and the gradual recovery of economic activity.
The new plan assures the sustainability of the business in an environment of low prices.

Published 17 Jul, 2020 07:13pm

Financial

Yields edge higher but hold in tight range as investors weigh COVID risks

Treasuries are "taking cues from COVID headlines and equities, but its not exactly one for one.
Benchmark 10-year notes rose less than a basis point to 0.615%. They have held in a tight range from 0.569% to 0.784% since mid-June.

Published 17 Jul, 2020 07:11pm

Industry

UBS, Morgan Stanley expected to lead Vodafone Tower IPO

The two banks boast a close relationship with Vodafone and both pitched to become joint global coordinators in the listing, which is expected early next year.
Goldman Sachs has also pitched for a top job in the initial public offering (IPO) and hopes to be in the driving seat.

Published 17 Jul, 2020 07:08pm

Industry

India's Reliance to shut crude unit for maintenance

Other Refinery units are expected to operate normally during this period, the company.
Reliance has two equal-size crude distillation units at the 704,000 barrel per day (bpd) export-focused refinery.

Published 17 Jul, 2020 07:06pm

Industry

Chinese ports hit capacity as virus tests slow clearing

China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing.
Reefers, or chilled containers used for meat and fresh produce, must be plugged in for the contents to be kept cool or frozen.

Published 17 Jul, 2020 07:03pm

Financial

Blackrock trims stake in Spanish takeover target MasMovil

The move comes after MasMovil's board backed a $3 billion bid by funds Providence, Cinven and KKR to take the company private.
Blackrock is the fifth biggest shareholder in MasMovil, having built up its holding after the bid was announced. It had held 5.7%.

Published 17 Jul, 2020 06:49pm

Exchange

Lebanon's advisers to work on compromise on financial plan

The plan, which anticipates vast losses in the financial system, has been undermined by objections from Lebanon's ruling elite.
The IMF said the losses appeared to be about the right order of magnitude.

Published 17 Jul, 2020 06:45pm

Money & Banking

South Africa's Reserve Bank to cut rates again, by modest 25 bps

The SARB cut rates in May by 50 basis points after the economy was shut down to limit the spread of the novel coronavirus.
Given growth risks, the SARB will be willing to ease further, perhaps even accommodating a negative real repo rate temporarily in 2021

Updated 17 Jul, 2020 06:45pm

Pakistan

Sugar, flour crisis: Govt taking action against 156 food department employees, says Akbar

SAPM says about 60 to 70 government officials are directly involved with the mills

Published 17 Jul, 2020 06:20pm

Sports

Andre Schurrle retires from football at 29

German winger made the announcement in an Instagram post.

Updated 17 Jul, 2020 06:24pm

Europe

EU in talks with Moderna, BioNtech, CureVac to secure possible COVID vaccines

Bloc seeks to secure at least 200 million doses of J&J shot.
Talks show EU's assertive line in race to COVID shots, drugs.
Negotiations led by team selected by all 27 EU states.

Published 17 Jul, 2020 06:14pm

Energy

Norway's June crude oil output falls more than expected

Crude oil output fell 12% to 1.54 million barrels per day (bpd) which was 4.1% below the official forecast which corresponded to a production cap of 1.61 million bpd set by the government.
The fields that produced less than the quota set for June can add these volumes to their production quota in the second half of the year.

Published 17 Jul, 2020 06:12pm

PM inaugurates Monsoon Tree Plantation Campaign in Kahuta

Imran says one billion trees will be planted by next year while the government has so far planted 300 million trees in just two years

Published 17 Jul, 2020 05:58pm

Commodities

Copper retreats on virus fears and US-China friction

Three-month copper on the London Metal Exchange (LME) fell 0.2% to $6,424.50 a tonne by 1115 GMT and looked set to snap an eight-week winning streak.
On the fundamental side, copper has gotten ahead of itself and I think this is a warranted pullback.

Published 17 Jul, 2020 06:10pm

Money & Banking

Bank of England's Bailey sees UK economy beginning to recover

"We are seeing activity return. We are beginning to see this recovery," Bailey said during a webinar organised by the central bank.
The BoE did not know how much long-term damage the economy would suffer as a result of companies failing.

Published 17 Jul, 2020 06:08pm

Exchange

Sanofi forges ahead with active ingredients spin-off

Sanofi to start preparing spin-off in autumn.
Talking to potential investors, lines up IPO by 2022.
Issue of jobs could add to complexity.

Published 17 Jul, 2020 05:54pm

Energy

Oil prices slip amid uncertainty about fuel demand, rising output

Surging infection rates stoke demand concerns.
US reports daily record in new coronavirus cases.
OPEC+ to add supplies by easing output curbs.

Published 17 Jul, 2020 06:00pm

Pakistan welcomes UNSC's decision to add TTP chief on sanctions list

Aisha says TTP is a UN-designated terrorist organization and is responsible for numerous terrorist attacks inside Pakistan

Published 17 Jul, 2020 05:46pm

Exchange

Hong Kong demands Taiwan officials sign 'one China' document for visa renewal

The move comes after Taipei criticised a new security law imposed on Hong Kong by Beijing.
The official said the move was unprecedented and presented an "unnecessary political obstacle" for Taipei-Hong Kong ties.

Published 17 Jul, 2020 05:52pm

Africa

Mali PM apologises for security force 'excesses' during protests

Last Friday, the latest in a series of mass protests in the capital Bamako against Keita turned violent, with security forces firing on protesters.
Clashes.

Published 17 Jul, 2020 05:47pm

Forex

Cautious optimism on crucial EU summit lifts euro

No outcome is expected at the summit until evening, at best, but an agreement or a collapse in the talks would have a major impact on the currency when trading resumes.
Markets appear to be constructive on the euro in an anticipation of progress towards the recovery fund at the EU summit over the weekend.

Published 17 Jul, 2020 05:44pm

Industry

Ryanair plane from Stansted lands safely in Oslo after bomb threat

Danish F-16 military aircraft scrambled to escort the plane to Norway, The Danish Defence Command said on its Twitter account.
The situation is under control and police have arrested a 51-year-old British man on suspicion of being behind the threat.

Published 17 Jul, 2020 05:41pm

Commodities

Gold eyes sixth weekly gain as coronavirus cases surge

Silver heads for sixth straight weekly gain.
EU leaders meeting in Brussels on investors radar.
Interactive graphic tracking global spread of coronavirus.

Published 17 Jul, 2020 05:40pm

Money & Banking

Russian banking sector profits recover in June

Despite the recovery, the central bank said the June figure was much lower than the average monthly profit in 2019.
This increase was driven primarily by a family support programme that saw the government hand out around 290 billion roubles to citizens,

Published 17 Jul, 2020 05:38pm

Europe

Britain eyes normal life by Christmas, but preparing for second COVID-19 wave

Hope for the best, prepare for the worst, says PM Johnson.
Govt to drop 'work at home' guidance, give employers discretion.
Extra NHS funding and increased local lockdown powers.

Published 17 Jul, 2020 05:36pm

Monsoon rain hits Karachi, disrupts power supply

Traffic snarled up on major arteries of the city as water began to stand on the streets

Published 17 Jul, 2020 05:35pm

Europe

Turkey's Erdogan says Egypt's actions in Libya are illegal

Turkey has been providing military aid to the Tripoli-based government in the Libya conflict.
Erdogan said Turkey would maintain its support for the internationally recognised Government of National Accord.

Published 17 Jul, 2020 05:33pm

Energy

US natgas slips on less hot weather despite record Mexico pipe exports

That decline comes even though pipeline exports to Mexico are on track to hit a record monthly high.
For the week, the front-month was on track to drop about 6% after rising almost 21% in the prior two weeks.

Published 17 Jul, 2020 05:32pm

World

Russia, despite theft allegations, says deal to make UK-developed COVID-19 vaccine is on

West accuses Russia of trying to steal vaccine data.
Russia denies that, says it is victim of smear campaign.
Says has deal to make British-developed vaccine anyway.
Says its own vaccine is likely to be approved next month.

Published 17 Jul, 2020 05:31pm

Energy

China's Sinopec to invest 5.4bn yuan in gas wells in northwest,

The wells, to be located on the Dingbei gas field near Wuzhong city, will have a combined gas production capacity of 1.8 billion cubic metres (bcm) per year.
Development at Dingbei will turn the poor, landlocked Ningxia region from gas importer to producer.

Published 17 Jul, 2020 05:23pm

Sports

Former South Africa captain Du Plessis will 'take the knee'

The BLM issue has shown up racial divisions in South African cricket.

Updated 17 Jul, 2020 05:25pm

Exchange

Video Games and the Law. A twisted tale.

The decision to ban the online game PUBG has been the source of significant comment in the press and media, both...

Published 17 Jul, 2020 05:07pm

Business & Finance

Licenses of nine Pakistani pilots working in Vietnam found genuine

A representative of the Vietnam Aviation Administration confirmed that during the flight operation at Vietnamese airlines, there was no case of a Pakistani pilot involved in a flight safety incident or threat.

Published 17 Jul, 2020 03:34pm

Pakistan again offers India consular access to Kulbhushan Jadhav

On Thursday, two officials from Indian High Commission who were granted consular access for a second time to Jadhav, left without hearing him out.

Published 17 Jul, 2020 03:17pm

Do not repeat what happened last Eid, follow SOPs: PM urges nation again

He said Pakistan is among fortunate countries where coronavirus cases and death rate has gone down, unlike India.

Published 17 Jul, 2020 02:46pm

Commodities

Oil prices slip amid uncertainty over fuel demand, easing supply curbs

Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. U.S. West Texas Intermediate (WTI) crude dropped 23 cents to $40.52.

Published 17 Jul, 2020 02:56pm

Sports

Zidane silences the doubters by bringing Real Madrid back to life

Los Blancos clinches 34th La Liga title as they move seven points clear to end Barca's two-year hold on the trophy.

Published 17 Jul, 2020 02:51pm

Sports

Man City resume hostilities with Arsenal, Man Utd eye Chelsea clean sweep in FA Cup semis

Arteta played his part for City as Guardiola's assistant, but now has the tough task of beating his former boss.

Published 17 Jul, 2020 02:47pm

Sports

Zidane ranks La Liga triumph above Champions League glory

Real clinched their 34th league title after winning all 10 matches since the season returned.

Published 17 Jul, 2020 02:43pm

Industry

Power China, FIEDMC to set up 700MW solar plant in Punjab

FIEDMC and Power China JEPCC have signed a memorandum, which aims to facilitate setting up of a 700MW solar power plant for M3-Industrial City and Allama Iqbal Industrial City.

Published 17 Jul, 2020 02:29pm

Sports

Babar, Azhar to lead in four-day Pakistan intra-squad match

Previously, the squad played two two-day matches during their 14-day quarantine period in Worcester.

Published 17 Jul, 2020 02:13pm

Pakistan

Over 2500 policemen infected with COVID-19 in Sindh

155 police officials contracted the novel coronavirus in the last two days.

Published 17 Jul, 2020 01:52pm

Exchange

China supports extension of CPEC into Afghanistan

China is also pleased to see the Gwadar port, among other CPEC projects, plays a positive role in this process and stands ready to work together with Pakistan and Afghanistan in this regard, said the Chinese spokesperson.

Published 17 Jul, 2020 12:40pm

Pakistan

Punjab's tally reaches 89,023, death toll stands at 2059

Province has conducted over 625,000 tests.

Published 17 Jul, 2020 12:20pm

Shah Mahmood Qureshi recovers from coronavirus, returns to office

He tested positive for the virus on July 3.

Published 17 Jul, 2020 11:52am

Industry

CAA validates licenses of 166 Pakistani pilots as ‘genuine’ and ‘certified’

The countries namely, United Arab Emirates, Turkey, Malaysia, Vietnam, Bahrain, Ethiopia, Hong Kong, Oman, Qatar, and Kuwait had asked for the details of 176 pilots who had received licenses from the operator in Pakistan.

Published 17 Jul, 2020 10:52am

World

China's Wuhan declares red alert as floods disrupt supply chains

Wuhan warned residents to take precautions as water levels fast approached their maximum guaranteed safety level.

Published 17 Jul, 2020 10:30am

India tops a million coronavirus cases as pandemic hits villages

The last four months of the pandemic sweeping India have exposed severe gaps in the country’s healthcare system.

Published 17 Jul, 2020 10:26am

US shatters coronavirus record with over 77,000 cases in a day

The current tally of 77,217 cases surpasses the previous record set last week when cases rose by 69,070.

Published 17 Jul, 2020 10:20am

Forex

Dollar hugs narrow ranges as virus spikes, yuan falls

The yuan fell by the most in three weeks, undone by a steady increase in diplomatic friction between the United States and China.

Published 17 Jul, 2020 10:22am

Technology

Netflix names content chief Ted Sarandos co-CEO, forecasts weaker growth

Sarandos will continue his role leading the content operations. Hastings said the two would each work full time as co-CEOs and that he had no plans to leave the company soon.

Published 17 Jul, 2020 10:19am

Commodities

Oil prices steady as clouds gather over fuel demand, looser supply curbs

U.S. West Texas Intermediate (WTI) crude futures rose 1 cent to $40.76 a barrel at 0204 GMT, while Brent crude futures were steady at $43.37 a barrel.

Published 17 Jul, 2020 10:16am

Currency

Before hack tore through Twitter, online forum offered accounts for sale

For $250 in digital currency, the seller promised they’d reveal the email linked to a Twitter account. And for $2,500, the buyer would get the account itself - satisfaction guaranteed.

Published 17 Jul, 2020 10:13am

Stocks

Asia stocks rebound, hopes of more stimulus offset virus worries

MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.5%, paring a quarter of its 2% losses the previous day, while Japan’s Nikkei was almost flat.

Published 17 Jul, 2020 10:09am

Companies

Microsoft trims jobs as it enters new fiscal year

Business Insider had earlier reported that the company cut under 1,000 jobs across its business this week.

Published 17 Jul, 2020 10:06am

BR Research

Interview of Waleed Saigol, Director Mapleleaf Cement

“Cement demand will be robust post-COVID” Mapleleaf Cement is a fast-growing cement company in an expanding...

Updated 17 Jul, 2020 09:59am

BR Research

Naya Pakistan Housing plans

The government is striving hard to find a workable model for low cost and affordable housing segment. There has been...

Updated 17 Jul, 2020 09:45am

BR Research

Pakistan’s Corona war – not over yet

The coronavirus trajectory in Pakistan has taken many by surprise. The weekly share of positive cases per test at 11...

Published 17 Jul, 2020 08:31am

Currency

Daal moong: is it all about dollar?

Across most food group commodities, FY20 has been the year when the dollar settled scores of ‘managed’ stability...

Published 17 Jul, 2020 08:30am

BR Research

Crude oil demand: jittery road to recovery

Covid-19 has had an unprecedented impact on global economy; oil market fundamentals have been shaken to the core in...

Published 17 Jul, 2020 08:26am

Pakistan

Smuggled goods seized

KARACHI: Model Customs Collectorate (MCC), Jinnah International Airport on Thursday recovered smuggled goods worth ...

Updated 17 Jul, 2020 03:32am

Business & Finance

2020-21 election schedule: BMP welcomes trade bodies' decision

KARACHI: Secretary General (Federal) of Businessmen Panel (BMP), Ahmad Jawad has welcomed the announcement of the...

Updated 17 Jul, 2020 03:31am

2nd consular access given to Kulbhushan

ISLAMABAD: Pakistan on Thursday provided second unimpeded and uninterrupted consular access to Indian spy Commander...

Updated 17 Jul, 2020 03:29am

Currency

US Justice chief assails Chinese 'economic blitzkrieg'

WASHINGTON: US Attorney General Bill Barr blasted China Thursday for mounting an "economic blitzkrieg" on global ...

Updated 17 Jul, 2020 03:25am

Business & Finance

China's economy rebounds

BEIJING: China's economy returned to growth in the second quarter after a deep slump at the start of the year, but...

Updated 17 Jul, 2020 03:25am

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 17 Jul, 2020 03:25am

Pakistan

Family Planning & Reproductive health given essential service status

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has decided to give status of essential services to the Family...

Updated 17 Jul, 2020 03:25am

Pakistan

Shortage of petrol: LHC seeks AGP's reply if government failed to form commission

LAHORE: Lahore High Court Chief Justice Muhammad Qasim Khan on Thursday hearing petition against shortage of petrol...

Updated 17 Jul, 2020 03:25am

Pakistan

Buzdar announces hospital for Turbat

LAHORE: Chief Minister Punjab Sardar Usman Buzdar announced to establish a 100-bed hospital in Turbat and a ...

Updated 17 Jul, 2020 03:25am

Pakistan

LHC extends interim bail of Shehbaz till 23rd

LAHORE: A division bench of the Lahore High Court on Thursday extended interim pre arrest bail of Leader of...

Updated 17 Jul, 2020 03:25am

Pakistan

JI chief urges government to provide support to seminaries

ISLAMABAD: Jamaat-e-Islami Chief Senator Sirajul Haq on Thursday urging the government to provide all out support to...

Updated 17 Jul, 2020 03:25am

Sports

PCB, Pepsi extend partnership of men's cricket team

LAHORE: Pakistan Cricket Board (PCB) and Pepsi on Thursday announced a one-year extension as principal partner of ...

Updated 17 Jul, 2020 03:25am

Pakistan

Punjab Assembly: Opposition seeks resignation of Buzdar

LAHORE: The opposition in the Punjab Assembly grilled the government during general debate on the price control in...

Updated 17 Jul, 2020 03:24am

Pakistan

SC dismisses appeals of 294 KPWWB teachers

ISLAMABAD: The Supreme Court on Thursday dismissed appeals of 294 teachers working in various educational institutes...

Updated 17 Jul, 2020 03:23am

Pakistan

Opening of parks, clubs & public places: SHC seeks reply from KMC & others

KARACHI: Sindh High Court (SHC) on Thursday sought the reply from Karachi Municipal Corporation (KMC) and others...

Updated 17 Jul, 2020 03:23am

World

Jordan top court dissolves country's Muslim Brotherhood

AMMAN: Jordan's top court has dissolved the country's branch of the Muslim Brotherhood, a transnational Islamist...

Updated 17 Jul, 2020 03:21am

World

States must ensure just pandemic response, vaccines for all: UN rights council

GENEVA: The UN's top rights body adopted a resolution Thursday highlighting states' responsibilities in addressing...

Updated 17 Jul, 2020 03:21am

World

US sanctions top surgical glove maker over forced labour

KUALA LUMPUR: The US has banned the import of surgical gloves from two subsidiaries of Malaysia's Top Glove - the...

Updated 17 Jul, 2020 03:21am

Pakistan

APNS condoles

KARACHI: All Pakistan Newspapers Society president Hameed Haroon and secretary general Sarmad Ali on behalf of the...

Updated 17 Jul, 2020 03:21am

Pakistan

Lawyers' community demands opening of courts

KARACHI: Lawyers' community Thursday demanded that courts should be opened immediately to resolve the problems of...

Updated 17 Jul, 2020 03:21am

Pakistan

Development works: KMC council approves contract between WB, CLICK

KARACHI: The Council of Karachi Metropolitan Corporation on Thursday approved contract between the World Bank and...

Updated 17 Jul, 2020 03:21am

Pakistan

The Weather

KARACHI: The weather report on Thursday (July 16, 2020) and the forecast for Friday (July 17, 2020)....

Updated 17 Jul, 2020 03:21am

Pakistan

Number of Covid-19 cases declined by 38.74 percent, claims Umar

ISLAMABAD: Federal Minister for Planning and Development Asad Umar, while defending the government's policy towards...

Updated 17 Jul, 2020 03:18am

Pakistan

Dual nationality: PPP to approach ECP against Vawda

ISLAMABAD: Pakistan People's Party (PPP) would approach the Election Commission of Pakistan against Federal Minister...

Updated 17 Jul, 2020 03:18am

Pakistan

Call for construction of Kalabagh Dam resonated in NA

ISLAMABAD: The call for the construction of Kalabagh Dam resonated in the National Assembly on Thursday after a...

Updated 17 Jul, 2020 03:18am

Pakistan

166 pilots cleared by PCAA

ISLAMABAD: The Pakistan Civil Aviation Authority on Thursday announced clearance of 166 Pakistani pilots out of 176,...

Updated 17 Jul, 2020 03:18am

Pakistan

Rawal Lake: Notices issued to CDA chief, defence secretary

ISLAMABAD: The Islamabad High Court (IHC) on Thursday issued notices to chairman Capital Development Authority (CDA)...

Updated 17 Jul, 2020 03:18am

Pakistan

Amendment in Article 160 (3A): Rabbani terms move amounts to 'contempt of Parliament'

ISLAMABAD: The federal government's plan to amend Article 160 (3A) of the Constitution aimed at "revisiting resource...

Updated 17 Jul, 2020 03:18am

Stocks

China shares plunge

SHANGHAI: China stocks posted their biggest fall in more than five months on Thursday, as investors cooled down ...

Updated 17 Jul, 2020 03:16am

Stocks

European stocks down

MILAN: European shares ended off session lows on Thursday ahead of a keenly awaited meeting to organise a European...

Updated 17 Jul, 2020 03:15am

Stocks

Egyptian shares fall, Saudi index holds steady

DUBAI: Egyptian shares dropped to a six-week low on Thursday as investors fled stocks across the board, while the...

Updated 17 Jul, 2020 03:15am

Energy

Power ministry urged to run JPCL plant-II on Thar Coal

KARACHI: Sindh energy department has recommended the federal power ministry to design and run the forthcoming 660...

Updated 17 Jul, 2020 03:15am

Energy

Oil tankers association announces strike

KARACHI: The Oil Tankers and Contractors Association (OTCA) has announced the countrywide strike for an indefinite...

Updated 17 Jul, 2020 03:15am

Energy

European gasoline margins rise

LONDON: Northwest European gasoline refining margins rose on Wednesday as US inventories dropped. US crude stocks,...

Updated 17 Jul, 2020 03:14am

Commodities

China aluminium output rises in June, daily output at a record

BEIJING: China's primary aluminium production rose to its highest in six months in June, with daily output reaching...

Updated 17 Jul, 2020 03:14am

Commodities

Brazil may plant record soyabean area of over 38 million hectares

SAO PAULO: Brazilian soyabean farmers are expected to expand planted area to over 38 million hectares (93.9 million...

Updated 17 Jul, 2020 03:14am

Commodities

Gold prices surge more

KARACHI: Gold on Thursday surged to a new high of Rs109350 per tola, up by Rs50 on the local market, traders said....

Updated 17 Jul, 2020 03:14am

Industry

Australia unemployment hits 22-year high though jobs surge

SYDNEY: Australia's jobless rate edged up even though employment surged by a record in June, as more people searched...