News Archives for Latest - 2020-07-23

USA

Trump will not send federal troops to New York City

Cuomo said that if the president were to send federal agents to New York City the state would sue. "I believe it is blatantly unconstitutional," he said.

Published 23 Jul, 2020 09:46pm

Europe

WHO chief says comments questioning his independence 'untrue and unacceptable'

He also said the WHO was seeing intense transmission of the coronavirus in relatively few countries.

Published 23 Jul, 2020 09:43pm

Forex

C$ softer as a rise in U.S. jobless claims lifts bruised U.S. dollar

The Canadian dollar was at C$1.3421 to the greenback, or 74.51 U.S. cents, weaker than Wednesday's close of C$1.3416, or 74.54 U.S. cents.

Published 23 Jul, 2020 09:40pm

Financial

Yields fall ahead of TIPS auction

The benchmark 10-year yield was last down 1.4 basis points at 0.5807pc.

Published 23 Jul, 2020 09:37pm

Stocks

TSX opens flat on concerns over coronavirus cases

At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 5.84 points, or 0.04pc, at 16,176.9.

Published 23 Jul, 2020 09:35pm

Stocks

Wall St dips at open as labor market rebound slows

The Dow Jones Industrial Average fell 49.87 points, or 0.18pc, at the open to 26,955.97.

Published 23 Jul, 2020 09:31pm

World

Saudi crown prince, Trump discuss king's health

The two also discussed regional and international developments, SPA said.

Published 23 Jul, 2020 09:29pm

Stocks

European stocks end flat as worrying data offsets upbeat earnings

Unilever climbed 7.9pc as its second-quarter sales fell far less than feared. Shares in Nestle and Danone rose about 1.5pc each.

Published 23 Jul, 2020 09:23pm

Pakistan

CM Buzdar inaugurates Police mobile App to facilitate masses

He informed that 45 new police stations would be set up across the Punjab while land has been allotted for the construction of building of 101 police stations.

Published 23 Jul, 2020 09:20pm

Pakistan

Imran Khan committed to Balochistan uplift: Asad Umer

He expressed these views while chairing the special session of National Command and Operation Center (NCOC) held at Governor House Quetta here.

Published 23 Jul, 2020 09:17pm

Pakistan

Govt. announces three-days of public holidays on Eid ul Adha

According to notification issued by the Ministry of Interior, there will be public holidays from July 31 (Friday) to August 2 (Sunday) on the occasion of Eid ul Adha.

Published 23 Jul, 2020 09:15pm

Pakistan

Over 8.5mn children getting education in Sindh, PA told

There are 49,000 government schools in the province, he stated this while question hour in the Sindh Assembly session here on Thursday.

Published 23 Jul, 2020 09:12pm

PM seeks roadmap to launch one-window, online approval processes for housing sector

He said the government was resolved to ease out the processes in that regard to make maximum number of people benefit from the facility.

Published 23 Jul, 2020 09:10pm

Exchange

Pakistan, China resolve to take post-COVID 19 economic recovery measures

The bilateral consultation was held between Foreign Secretary Sohail Mahmood and Chinese Vice-Foreign Minister Luo Zhaohui via video-link.

Published 23 Jul, 2020 09:06pm

Middle East

Saudi king undergoes successful surgery: royal court

It is rare for Saudi Arabia to report on the health of the ageing monarch, who has ruled the top oil exporter and the Arab world's biggest economy since 2015.

Published 23 Jul, 2020 09:02pm

Pakistan

Punjab govt taking steps for provision of low priced flour, sugar to masses

He ordered to inspect electricity meters of the flour mills on daily basis so that it could be checked how much flour is being made from the wheat provided by govt.

Published 23 Jul, 2020 09:00pm

Pakistan

COVID-19 claims 36 lives, infects 670 others: CM Sindh

Syed Murad Ali Shah said that 9,804 samples were tested against which 670 new cases emerged that constituted seven percent detection rate.

Published 23 Jul, 2020 08:58pm

Pakistan

PPP chairman condemns Parachinar blast

Bilawal called for implementation of national action plan in letter and spirit and strict exemplary punishment to terrorists.

Updated 23 Jul, 2020 08:58pm

Pakistan

Consumers to get Rs4.4bn relief under fuel adjustment

The regulator approved increase and decrease in power tariff for five and three months respectively under the monthly adjustment mechanism.

Published 23 Jul, 2020 08:07pm

Pakistan

Pakistan's diplomatic offensive on Kashmir has isolated India: Shibli

He said, could also no longer befool the world community by stage managed attacks on its armed forces like Pulwama.

Published 23 Jul, 2020 08:05pm

Pakistan

CPEC not for any exploitation but to enable Pakistan improve its economy: President

He said enhancement of trade links was inevitable for peace as wars always disrupted trade activities.

Updated 23 Jul, 2020 08:05pm

Sports

Archer, Anderson included in England squad for West Indies decider

In eight Tests since his debut last year, Archer has taken 33 wickets at an average of 28.12.

Updated 23 Jul, 2020 07:58pm

Europe

Exiting chief warns against 'big bang' reform of beleaguered WTO

"There was no effort spared," he said, responding to a question on how he would grade his performance from one to 10 with: "I would rate 12".

Published 23 Jul, 2020 07:36pm

Europe

Virus fallout sends Sweden's unemployment to highest since 1998

The all-time high of the indicator dates back to June 1997, when it hit 11.7 percent at the end of the severe economic crisis that hit Sweden in the 1990s.

Published 23 Jul, 2020 07:33pm

Industry

Emirates to cover virus-related medical costs

Two weeks later, it resumed operations on a limited network and plans to fly to 58 cities by mid-August, down from over 150 before the crisis.

Published 23 Jul, 2020 07:32pm

Pakistan

Sindh given 10pc extra share under Ehsaas Emergency Cash Progrmme amid COVID-19 pandemic: Ali Muhammd

He said around Rs. 160 million had so far been disbursed among the people affected due to economic slowdown caused by the virus.

Published 23 Jul, 2020 07:22pm

Pakistan

Effective Finance Commission in Punjab to be established: Asad Umar

The meeting deliberated and discussed in detail the matters of establishing a Finance Commission in Punjab.

Published 23 Jul, 2020 07:20pm

Pakistan

SBP injects Rs. 125 billion into money market

The rate of return accepted is 7.10 percent per annum, said SBP release.

Published 23 Jul, 2020 07:18pm

Pakistan

Fish exports increase 10pc in June 2020

The fish exports declined by 12.09 percent by going down from the exports of 196,460 metric tones in FY2019 to 172,704 metric tons during FY20, the data revealed.

Published 23 Jul, 2020 07:15pm

Pakistan

Next 10 days crucial for controlling COVID-19: Asad Umar

The minister said that he held a NCOC session in Quetta, hosted by Chief Minister Balochistan Jam Kamal Khan.

Published 23 Jul, 2020 07:14pm

Pakistan

Gold price jumps Rs2300 to Rs117,300 per tola

The gold prices in the international market increased by $26 and was traded at $1882 on Thursday against its sale at Rs. 1856 during the last trading day, the association reported.

Published 23 Jul, 2020 06:57pm

Pakistan

Ironic that scion of corrupt Zardari family raising fingers towards incumbent regime: Murad Saeed

He said the people of Pakistan remembered the departure from Pakistan of Raymond Davis during the PPP rule that had killed Pakistani nationals in broad daylight.

Published 23 Jul, 2020 06:55pm

Pakistan

India trying to create issues in CPEC implementation: President

The President said Pakistan highly valued its relationship with China which always stood by it in difficult times.

Published 23 Jul, 2020 06:53pm

Pakistan

Pakistan ranked among world top countries tackling spread of coronavirus: Faisal Javed

The report underlined a positive trend of deaths from coronavirus steadily declining in Pakistan.

Published 23 Jul, 2020 06:52pm

Pakistan

Protection of fundamental rights of masses govt's top priority, says advisor

Shahzad Akbar praised speaker's impartial role in conducting the proceedings of the Lower House of the Parliament, said a press release.

Published 23 Jul, 2020 06:50pm

Pakistan

Punjabi literature being written today is energetic, diverse, influential: Shafqat Mahmood

The seminar of the PAL on this subject is important and is a good step by the chairman Dr. Yousuf Khushk, he stated.

Published 23 Jul, 2020 06:48pm

Pakistan

Acceptance of jurisdiction of ICJ by PML-N big mistake: Shireen Mazari

She was of the view that when one country did not accept the jurisdiction, as per the law, the ICJ could not hear the case.

Published 23 Jul, 2020 06:46pm

16 injured in bomb blast in Tori Bazar

The 16 injured were rushed to District Headquarters Hospital Parachinar, said DMS Qaiser Hussain adding that initially no death was reported.

Published 23 Jul, 2020 06:42pm

Pakistan

Govt making efforts to fully resume medical facilities in NIRM: NA told

She informed the house that the hospital was specialized in treating the disabled children and doing orthopedic surgeries of the poor people.

Published 23 Jul, 2020 06:40pm

Middle East

Iran virus deaths surpass 15,000

The country has faced a rise in cases and deaths since the end of June, reporting on Tuesday the highest single-day death toll of 229 since announcing its first cases in February.

Published 23 Jul, 2020 06:26pm

Pakistan

Cultural diplomacy effective tool to highlight Pakistan's positive image: FM

The foreign minister termed beautiful historical and recreational places and the world renowned artists as the country's assets.

Published 23 Jul, 2020 06:24pm

Exchange

Govt signs agreements valuing US$ 750mn with WB, AIIB for RISE programme

The World Bank will extend financing of US$500 million and AIIB will provide co-financing of US$250 million for the RISE programme, said a press release.

Published 23 Jul, 2020 06:22pm

PM for ensuring provision of Internet facility in far flung, backward areas

He was presiding over a meeting held here about enhancing and improving the coverage of Internet in the country.

Published 23 Jul, 2020 06:20pm

World

New US jobless claims rise to 1.42mn amid COVID-19 surge

The increase defied analysts' expectations of another weekly drop in new claims.

Published 23 Jul, 2020 06:19pm

Pakistan

COVID-19 positive cases reach 269,190 across country: NCOC

He said that total 5,709 deaths had been reported from the disease with 32 reported during last 24 hours. He said that 213,175 patients had been recovered.

Published 23 Jul, 2020 06:17pm

Sports

Bangladesh mull Sri Lanka tour following T20 World Cup postponement

The series was originally scheduled in July-August.

Updated 23 Jul, 2020 06:18pm

Exchange

Rupee gains one paisa against US dollar

The State Bank of Pakistan reported that in interbank, the price of euro appreciated by Rs. 1.20 to close at Rs. 194.22 against the last day’s trading of Rs. 193.06.

Updated 23 Jul, 2020 06:17pm

Commodities

Palm oil tracks soyoil fall, wet weather stokes supply concerns

Palm oil for October delivery on the Bursa Malaysia Derivatives Exchange fell 7 ringgit, or 0.26pc, to 2,649 ringgit ($623.59) a tonne by the midday break.

Published 23 Jul, 2020 05:43pm

South Asia

Japan's capital sets new daily record of 300 coronavirus infections, media say

The daily figure was a record, topping the previous high of 293 cases reported last week, Kyodo news agency said.

Published 23 Jul, 2020 05:41pm

South Asia

Mainland China reports 22 new coronavirus cases, including 18 in Xinjiang

Multiple samples collected from the company, including frozen food, processing workshop, canteen and office building also tested positive, state media said.

Published 23 Jul, 2020 05:38pm

Money & Banking

Turkish central bank seen keeping policy rate unchanged at 8.25pc

Inflation climbed more than expected to 12.62pc year-on-year in June, official data showed, after it edged up to 11.39pc a month earlier.

Published 23 Jul, 2020 05:37pm

Commodities

CBOT corn may rise into $3.29-1/4 to $3.31-1/2 range

The contract failed twice to break a support at $3.22-1/2, the 223.6pc projection level of a downtrend from $3.55.

Published 23 Jul, 2020 05:34pm

Business & Finance

Unilever sales fall less than expected as US outperforms

Unilever said food service sales declined by nearly 40pc and out of home ice cream by nearly 30pc. But e-commerce sales leapt 49pc.

Published 23 Jul, 2020 05:29pm

Stocks

Australia shares edge higher on Santos' record quarterly production

The S&P/ASX 200 index edged 0.3pc higher to 6,094.50 at the close of trade, following a 1.3pc gain on Wednesday.

Published 23 Jul, 2020 05:27pm

Stocks

S.Korean stocks slip on recession, US-China worries

The benchmark KOSPI closed down 12.47 points, or 0.56pc, at 2,216.19.

Published 23 Jul, 2020 05:25pm

Commodities

CBOT wheat may retreat towards $5.25

The resistance is provided by the 61.8pc retracement of the fall from $5.51-3/4 to $5.17.

Published 23 Jul, 2020 05:22pm

Middle East

Turkish consumer confidence falls to 60.9 points in July

Measures to combat the spread of the coronavirus pandemic brought the economy to a near standstill and sent consumer confidence to a record low of 54.9 points in April.

Published 23 Jul, 2020 05:21pm

Commodities

Copper falls as Sino-US tensions rise

The United States' move to shut the Chinese consulate in Houston, Texas on Wednesday prompted Beijing to consider closing the US consulate in the central city of Wuhan.

Published 23 Jul, 2020 05:18pm

Europe

France expects economic growth of 8pc for 2021: minister

Le Maire told the National Assembly that the government wants economic activity to return to pre-crisis levels from 2022.

Published 23 Jul, 2020 05:16pm

Money & Banking

Indonesia central bank predicts two straight quarters of GDP contraction

"We're racing with time on setting up policies ... to prevent us falling into a deep recession," Juda Agung, an assistant to the governor of Bank Indonesia, told a online seminar.

Published 23 Jul, 2020 05:15pm

Stocks

China stocks snap uptrend as consulate closure sets stage for profit taking

The smaller Shenzhen index was flat while the start-up Chinext board gained 1.1pc

Published 23 Jul, 2020 05:12pm

Currency

Vodacom Q1 revenue rises on strong data demand during lockdown

This is because disposable income will increasingly come under pressure as a result of rising unemployment and reduced economic activity, he added.

Published 23 Jul, 2020 05:10pm

Industry

Banning YouTube not a solution; will hamper Digital Pakistan vision, says Aidrus

Expressing her views on social media, Aidrus said that banning the video-sharing platform is not the solution, and the previous such decision only resulted in hampering the growth of the country’s content creators.

Updated 23 Jul, 2020 05:12pm

Commodities

NY coffee may extend gains into $1.10-$1.1230 range

The contract is riding on a wave c from $0.9630, which has travelled far above its 100pc projection level at $1.0620.

Published 23 Jul, 2020 05:08pm

Stocks

Most major Gulf markets slip in early trade

Saudi Arabia's benchmark index fell 0.2pc, with Saudi Telecom Company losing 1.9pc following a decrease in second-quarter net profit.

Published 23 Jul, 2020 05:06pm

Europe

Russia's coronavirus tally nears 800,000

In their daily readout, officials said 147 people had died in the last 24 hours, pushing Russia's official death toll to 12,892.

Published 23 Jul, 2020 05:04pm

Forex

Rouble edges up on higher oil prices

At 0753 GMT, the rouble was 0.1pc stronger against the dollar at 70.98 and was flat against the euro to trade at 82.21.

Published 23 Jul, 2020 05:01pm

Commodities

China's aluminium imports jump to 11-year high on lower overseas prices

China shipped out 354,038 tonnes of unwrought aluminium and aluminium products last month, down 30pc year-on-year, customs data showed.

Published 23 Jul, 2020 04:59pm

Forex

Sterling steady above $1.27 on last day of Brexit talks

Overnight implied volatility gauges showed traders were slightly nervous about possible emerging headlines on Thursday as levels inched to a one-month high of 8.85pc.

Published 23 Jul, 2020 04:57pm

Forex

Dollar hits 4-month lows as Sino-US tensions loom

The United States gave China until Friday to close its consulate in Houston following allegations of spying.

Published 23 Jul, 2020 04:40pm

Pakistan

Dewan Motors launches the first-ever BMW 2 Series Gran Coupe

“The BMW 2 Series Gran Coupe is most dynamic model in its segment, packed with cutting-edge technology and innovative systems”, says CEO.

Published 23 Jul, 2020 04:38pm

Asia

Indonesia reports 1,906 new coronavirus cases, 117 deaths

The number of COVID-19 deaths in the Southeast Asian nation rose by 117 on Thursday to bring the total to 4,576, the data showed.

Published 23 Jul, 2020 04:39pm

Currency

Hungarian central bank signs 4 billion-euro repo deal with ECB

The NBH will be able to borrow up to 4 billion euros from the ECB until the end of June 2021, unless an extension is decided.

Published 23 Jul, 2020 04:38pm

South Asia

China to launch new campaign to regulate social media news sites

The CAC said it would also regulate online forums and livestreamed lectures, and push media sites to propagate more positive energy.

Published 23 Jul, 2020 04:36pm

Stocks

Hong Kong shares edge up, tech index shines

At the close of trade, the Hang Seng index was up 0.8pc at 25,263.00. The Hang Seng China Enterprises index also rose 0.8pc.

Published 23 Jul, 2020 04:35pm

Stocks

Slew of upbeat earnings lift European stocks

Unilever was the biggest boost to the STOXX 600 with a 7.8pc jump as its second-quarter sales fell far less than feared. Shares in Nestle SA and Danone SA rose nearly 2pc each.

Published 23 Jul, 2020 04:33pm

Exchange

Roche sales hit by lockdowns, despite COVID-19 test boost

Roche joined Swiss rival Novartis in reporting patients skipped hospital or doctor visits, instead hunkering down at home amid COVID-29 lockdowns.

Published 23 Jul, 2020 04:30pm

Energy

Oil rises on weaker dollar, high US stocks weigh

The US dollar index against a basket of currencies was trading on Thursday near its lowest since early March.

Published 23 Jul, 2020 04:21pm

Exchange

VW sees Amazon-built 'industrial cloud' as future B2B marketplace

VW has opened the portal to the first group of supplier partners, led by Siemens AG.

Published 23 Jul, 2020 04:18pm

South Asia

Hong Kong reports daily record of 118 coronavirus cases

Hong Kong extended strict social distancing measures on Wednesday as authorities reported 105 locally transmitted infections.

Published 23 Jul, 2020 04:16pm

Forex

Kenyan shilling under pressure against the dollar

At 0845 GMT, commercial banks quoted the shilling at 108.15/35 per dollar, compared with 108.10/30 at Wednesday's close.

Published 23 Jul, 2020 04:16pm

Currency

Hyundai Motor Q2 beats estimates, but warns of long road to market recovery

Hyundai said it will not pay interim dividends this year due to the uncertainty and need to secure capital as it unveiled its results for the second quarter on Thursday.

Published 23 Jul, 2020 04:14pm

South Asia

Philippines confirms 2,200 more coronavirus cases, 28 deaths

The ministry said total deaths have increased to 1,871 and infections have risen to 74,390.

Published 23 Jul, 2020 04:10pm

Money & Banking

Hong Kong's central bank says security law does not affect 'normal' financial activities

Eddie Yue added that the central bank's regulatory policy and guidance, which are in line with international standards.

Published 23 Jul, 2020 04:09pm

World

Zalmay Khalilzad condemns Afghan airstrikes against Taliban as civilians among 45 killed

Khalilzad said reduced violence and an immediate start to peace talks was needed.

Published 23 Jul, 2020 04:05pm

Energy

Singapore fuel inventories drop, imports from China, Cuba hit record highs

The lower inventories came despite limited exports, sluggish marine fuel demand and steady net import volumes, trade sources said.

Published 23 Jul, 2020 04:05pm

Sports

‘Fan’ Rizwan happy for healthy rivalry with Sarfaraz

The Men in Green are scheduled to play three Test and same number of Twenty20 Internationals (T20I) starting from August 5.

Updated 23 Jul, 2020 04:05pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

Published 23 Jul, 2020 04:03pm

World

US records 2,600 new coronavirus cases every hour as total approaches 4 million

Brazil registered a new daily record for confirmed coronavirus cases on Wednesday, pushing the total confirmed cases across Latin America past 4 million.

Published 23 Jul, 2020 03:58pm

Technology

Pakistan’s first-ever Digital City to be setup in Haripur

Tania Aidrus, Head of Prime Minister’s Digital Pakistan program lauded the plans and efforts of the KPIT Board in supporting the Digital Pakistan vision.

Published 23 Jul, 2020 03:55pm

Exchange

Gender-Equality in the Pakistani Boardroom

The World Economic Forum recently ranked Pakistan third-last in terms of economic participation and opportunity for...

Published 23 Jul, 2020 03:52pm

World

Worldwide coronavirus cases cross 15.3 million, death toll at 627,021

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 23 Jul, 2020 03:56pm

Europe

France's Macron wants EU action, sanctions over Mediterranean violations

Macron, who has criticised Turkey for months over Ankara's role in Libya, also said the EU should push for sanctions over those involved in the north african country's conflict.

Published 23 Jul, 2020 03:54pm

Business & Finance

Apple supplier LG Display posts larger loss, but says the worst is over

Its loss for April-June widened to 517 billion won ($431.96 million) from a loss of 369 billion won in the same period a year earlier.

Published 23 Jul, 2020 03:48pm

Money & Banking

ECB's de Cos says Spain COVID stimulus measures must be extended, reassessed regularly

Spain's economic recovery is incipient, incomplete, uncertain and uneven, he said.

Published 23 Jul, 2020 03:45pm

Europe

Hungary's economy could shrink by 5pc in 2020, more than expected: Finance Minister

"Our earlier forecast of minus 3pc (for GDP) looks very optimistic, I think we can expect a worse figure, a recession of around 5pc," Varga said.

Published 23 Jul, 2020 03:43pm

Energy

UK GAS-Edges up on rise in Europe gas, other commodities

UK gas system was 14.3 million cubic metres (mcm) oversupplied, with demand forecast at 163.2 and supply at 177.5 mcm, National Grid data showed.

Published 23 Jul, 2020 03:40pm

Industry

Daimler flags recovery signs, sees Mercedes-Benz EBIT rising this year

CEO Ola Kaellenius said its Mercedes-Benz cars and vans division appeared set for a rise in 2020 operating profit.

Published 23 Jul, 2020 03:35pm

Pakistan

Sick 101-year-old prisoner denied relief by Pakistani legal justice system

Mehndi Khan is a prisoner with visual impairment and physical disability.

Updated 23 Jul, 2020 03:20pm

Money & Banking

Complaints against Banks rise over 100pc, reveals SBP review

The volume and value of ATM/debit card transactions have increased by 101pc and 110pc respectively over the reporting period, said SBP.

Published 23 Jul, 2020 02:49pm

Sports

Liverpool celebrate long-awaited title in front of empty Kop

The fans missed out on what would have been a momentous night at Anfield stadium.

Published 23 Jul, 2020 02:32pm

Sports

Man United will be '100% fresh' for Leicester clash

Red Devils are third with 63 points, above Chelsea on goal difference.

Published 23 Jul, 2020 02:29pm

Sports

Champions of the world but Liverpool can still improve: Klopp

Reds can take their league points tally for the season to 99 with victory at Newcastle United on Sunday.

Published 23 Jul, 2020 02:12pm

Pakistan

Third spell of heavy rain, thunder expected in Karachi on July 26

At least eight people have died due to the heavy rain in Karachi since July.

Updated 23 Jul, 2020 02:20pm

Sports

England confront Archer dilemma as West Indies eye history

England must decide whether to recall Jofra Archer for the decisive third Test against the West Indies at Old Trafford on Friday.

Published 23 Jul, 2020 02:10pm

Sports

Mohammad Amir cleared for England travel

Pacer tested negative twice for COVID-19.

Updated 23 Jul, 2020 02:10pm

Money & Banking

Enjoy safe, stress-free digital banking with UBL Digital App

The refreshed UBL Digital App with the tag ‘#thenewyou’ is like an innovative lifestyle of banking on its own.

Published 23 Jul, 2020 01:30pm

Exchange

Omair Rana rejects sexual harassment allegations, will pursue legal action

Students of Lahore Grammar School accused the actor of inappropriate behaviour last month.

Updated 23 Jul, 2020 01:23pm

Companies

OGRA grabs Rs4.5bn investment in oil infrastructure

OGRA granted a licence for the construction of a new Oil Refinery (Khyber Oil Refinery) with a capacity of 20,000 barrel per day designed on local crude during FY 2018-19.

Published 23 Jul, 2020 12:49pm

Industry

NEPRA approves Rs1.88 increase in tariff under fuel price adjustment

NEPRA acknowledged an increase of Rs13.80 billion will be passed on to consumers in December.

Published 23 Jul, 2020 12:15pm

SAPM Mirza says availability of COVID-19 vaccine 'unlikely' this year

He said Pakistan will develop and execute a strategy to ensure early and reliable access to a vaccine in Pakistan.

Updated 23 Jul, 2020 12:18pm

Life & Style

To forgive or forget Johnny Depp? Jury is out on his post-trial career

It's not clear what the momentum around believing women who bring allegations of abuse in the wake of the #MeToo movement will mean for the star.

Updated 23 Jul, 2020 11:45am

Industry

If threatened tech companies would not come to Pakistan, warns Fawad

If big tech companies feel threatened that their services would be banned, these companies would not come to Pakistan to do business, says Chaudhry.

Published 23 Jul, 2020 11:26am

Business & Finance

Tesla chooses Texas for new Cybertruck factory

The 2,000-acre site on the Colorado River is about 13 minutes from downtown Austin, Musk said during Tesla’s second-quarter earnings call.

Published 23 Jul, 2020 10:42am

Commodities

Oil ticks up, but gains capped by demand destruction

Brent crude added 2 cents, or 0.1%, to $44.31 a barrel by 0207 GMT while U.S. West Texas Intermediate (WTI) crude gained 6 cents, or 0.1%, to $41.96 a barrel.

Published 23 Jul, 2020 10:40am

Technology

Twitter says hackers saw messages from 36 accounts, including Netherlands official

In tweets from its support account and an updated blog post, Twitter said it had no indication that the private messages of any other elected officials were obtained.

Published 23 Jul, 2020 10:38am

Forex

Battered U.S. dollar 'hanging by a thread' as coronavirus cases grow

“The dollar is hanging by a thread,” said Mazen Issa, senior currency strategist at TD Securities in New York.

Published 23 Jul, 2020 10:35am

Nuclear Security Index ranks Pakistan 'most improved country' in nuclear security

Nuclear Security Index 2020 noted that Pakistan has improved its overall score by seven points.

Published 23 Jul, 2020 10:34am

Currency

Power: Static demand is no good

Pakistan’s power system generated 122 billion units in FY20. It had generated 122.7 billion units in FY19. And 121...

Published 23 Jul, 2020 08:02am

Exchange

On TPL Trakker IPO

IPO for a local tech firm is currently underway. TPL Trakker Limited (TPLT) is selling about 58 million of common...

Published 23 Jul, 2020 08:01am

BR Research

COVID cure

As coronavirus cases ebb and flow across the world—where some countries have been more successful than others to...

Published 23 Jul, 2020 08:00am

Exchange

HASCOL in distress

Hascol Petroleum Limited (PSX: HASCOL) has only recently announced its financial performance for 2019 (CY19) – not...

Published 23 Jul, 2020 07:58am

Exchange

Mughal Iron and Steel Industries Limited

Mughal Iron and Steel Industries Limited (PSX: MUGHAL) was established in 2010 as a public limited company. It was...

Published 23 Jul, 2020 07:57am

Business & Finance

Microsoft sees growth amid pandemic computing demands

Microsoft shares dipped some 2.5 percent in after-hours trade on the results, which were largely ahead of forecasts.

Published 23 Jul, 2020 04:44am

Business & Finance

US signs $2bn vaccine deal with Pfizer and BioNTech

WASHINGTON: The United States on on Tuesday signed a $1.95 billion agreement with US pharma giant Pfizer and...

Updated 23 Jul, 2020 04:33am

Business & Finance

US home sales rack up record gain

WASHINGTON: US home sales increased by the most on record in June, boosted by historically low mortgage rates, but...

Updated 23 Jul, 2020 04:32am

Exchange

US offers $2m bounty for Ukrainian SEC hackers

WASHINGTON: The US State Department and Secret Service offered $2 million in reward money Wednesday for help...

Updated 23 Jul, 2020 04:31am

World

Twitter takes down QAnon conspiracy theorist accounts

SAN FRANCISCO: Twitter has removed more than 7,000 accounts linked to the "QAnon" movement over abuse and harassment...

Updated 23 Jul, 2020 04:30am

World

A year after diplomatic tussle over Greenland, Pompeo visits Denmark

COPENHAGEN: Rival interests in the Arctic topped the agenda when the US Secretary of State visited Denmark ...

Updated 23 Jul, 2020 04:29am

World

Australia's national carrier retires last jumbo jet

SYDNEY: Plane spotters and veteran pilots gathered Wednesday to bid farewell to the national carrier's last Boeing...

Updated 23 Jul, 2020 04:28am

Money & Banking

Around 70 percent of ATT diverted through Iran: ADB

ISLAMABAD: Around 70 percent of Afghan transit trade has been diverted through Iran due to lower costs, more...

Updated 23 Jul, 2020 04:27am

Money & Banking

Aussie, Kiwi at multi-month peaks

SYDNEY: The Australian and New Zealand dollars were at multi-month highs on Wednesday as surging resource prices and...

Updated 23 Jul, 2020 04:26am

Currency

Sterling falls

LONDON: The British pound fell on Wednesday on growing concern that the Brexit transition period will end without a...

Updated 23 Jul, 2020 04:26am

Industry

Minister assures industrialists for resolving issues

LAHORE: Provincial Minister for Industries, Commerce & Investment Mian Aslam Iqbal has said that no notice will...

Updated 23 Jul, 2020 04:25am

Industry

Misappropriation of subsidized wheat: Punjab recovers Rs206.48m from 148 flour mills

LAHORE: Taking stern action against the flours mills, Punjab government has recovered Rs 206.48 million out of Rs...

Updated 23 Jul, 2020 04:24am

Taxes

DGTT empowered to track, monitor NATO/ISAF cargos

KARACHI: Federal Board of Revenue (FBR) has empowered the Directorate General Transit Trade (DGTT) to track and...

Updated 23 Jul, 2020 04:24am

Business & Finance

Small businesses surviving pandemic through Facebook

KARACHI: Small business entrepreneurs have thoughtfully and smartly used Facebook platform to market their ...

Updated 23 Jul, 2020 04:23am

Business & Finance

Qatar Airways seeks $5 billion compensation over airspace closure

DOHA: Qatar Airways said Wednesday it will seek $5 billion in compensation from Saudi Arabia, the UAE, Bahrain and...

Updated 23 Jul, 2020 04:22am

Business & Finance

Canada inflation rate jumps by most in 9 years

OTTAWA: Canada's annual inflation rate in June posted its biggest jump in more than nine years as restrictions...

Updated 23 Jul, 2020 04:20am

Exchange

SECP holds webinar on GEM & concept of shelf registration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) conducted a webinar on Growth Enterprise Market...

Updated 23 Jul, 2020 04:20am

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 23 Jul, 2020 04:19am

Pakistan

Government urged to repair dilapidated bus stands

HYDERABAD: People of Hyderabad District are facing problems to board on the bus or van for traveling to different...

Updated 23 Jul, 2020 03:08am

Pakistan

SOPs being finalized for Eidul Azha: Nasir

KARACHI: Minister of Information and Municipality Sindh Syed Nasir Hussain Shah has said that the SoPs pertaining to...

Updated 23 Jul, 2020 03:07am

Pakistan

Maintaining safe, positive environment top priority: TikTok

KARACHI: TikTok has clarified that maintaining a safe and positive in-app environment is our top priority. We ...

Updated 23 Jul, 2020 03:07am

Pakistan

Victims of terrorism, bomb blast, natural calamities: Sindh cabinet approves enhancement in compensation rate

KARACHI: Sindh Cabinet meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah at CM House...

Updated 23 Jul, 2020 03:07am

Pakistan

Covid-19 tally reaches 268,537 across country

ISLAMABAD: Pakistan's coronavirus tally has reached 268,537 with 5,696 deaths, and 210,468 recoveries, according to...