News Archives for Latest - 2020-07-31

Technology

US set to unveil crackdown on China's ByteDance over TikTok

The move would force ByteDance to separate from TikTok, the sources said. It would represent a major blow for the Beijing-based company.
ByteDance and the US Treasury Department, which chairs the government panel that has been reviewing ByteDance's ownership of TikTok.

Published 31 Jul, 2020 11:58pm

World

Large US COVID-19 vaccine trials will exclude pregnant women for now

Moderna and Pfizer, which has partnered with Germany's BioNTech, this week separately launched clinical trials.
It's a problem because if (vaccines) are not tested in pregnancy, then they may not be available or people may not be comfortable offering them.

Published 31 Jul, 2020 11:56pm

Technology

Google says 20 US states, territories 'exploring' contact tracing apps

In addition, the company said public health authorities in 16 countries and regions outside the United States had launched apps using the Apple-Google tool.
The technology enables app users to track encounters with other people through Bluetooth signals.

Published 31 Jul, 2020 11:55pm

Commodities

Soybeans firm as US biodiesel data lifts soyoil; corn flat

CBOT December corn was down 1/2 cent at $3.26-1/4 a bushel and September wheat was up 3/4 cent at $5.30-1/4 a bushel.
The CBOT December soyoil contract pushed through chart resistance at its 200-day moving average, triggering buy stops, Reilly said.

Published 31 Jul, 2020 11:53pm

Industry

Brazilian airline Gol faces cash crunch as coronavirus losses add up

Brazil's largest domestic carrier, like almost all airlines around the world, is reeling from the impact of the coronavirus crisis on travel.
Gol says its total liquidity, including accounts receivable and restricted cash, is much higher, at about 3.3 billion reais.

Published 31 Jul, 2020 11:40pm

Financial

Longer-term yields rise, steepen yield curve

The benchmark 10-year yield was up 1.3 basis points at 0.5543% in afternoon trading after reaching as low as 52 basis points, the least since March.
Stock indexes had opened higher based on strong earnings from top technology companies, then fell on continuing economic concerns.

Published 31 Jul, 2020 11:38pm

Industry

British Airways to resume flights to Russia on Aug 2

International flights were grounded on March 30 after the imposition of lockdown measures to curb the spread of the coronavirus.
The first regular flight by Russia's Aeroflot will fly from Moscow to Istanbul on Saturday.

Published 31 Jul, 2020 11:37pm

Europe

Poland considers new restrictions after record rise in COVID-19 cases

The Health Ministry reported 657 new cases and seven deaths, taking the total number of cases since the pandemic began to 45,688 and the death toll to 1,716.
Of the new cases, 227 were in the Silesia region, where there has been an outbreak among coal miners.

Published 31 Jul, 2020 11:35pm

World

Canada says requirements for Huawei CFO's extradition to US met, documents show

Meng, 48, was arrested in December, 2018, on a warrant from the United States, which alleges that she misled the bank HSBC about Huawei's business dealings in Iran.
The documents outline the evidence in support of Meng's custody and conclude that the test for committal has been met.

Published 31 Jul, 2020 11:34pm

Stocks

Wall St Week Ahead-Investors raise cash as US recovery wobbles; options strategies profit

Most money managers are wary of cutting equity exposure too drastically in a market that has rallied more than 40% since late March.
The S&P's weekly advances have grown progressively smaller throughout July, though the index is on track to deliver a 4% gain for the month.

Published 31 Jul, 2020 11:32pm

Industry

Low-cost carrier Frontier says 35pc of flight attendant, pilot jobs at risk

The warnings from Frontier, which is owned by private equity firm Indigo Partners.
Government funds to help US airlines protect pay and jobs during the coronavirus pandemic is set to expire in September.

Published 31 Jul, 2020 11:28pm

Technology

Trump says looking at options on TikTok, including possible ban

We're looking at TikTok. We may be banning TikTok. We may be doing some others things.
"There are a couple of options. But a lot of things are happening. So, we'll see what happens," he said.

Updated 31 Jul, 2020 11:28pm

Pakistani troops fired in self-defence at border with Afghanistan: FO

It said at the Friendship Gate Chaman on Thursday, the Afghan forces opened unprovoked fire on innocent civilians gathered towards Pakistan’s side of the international border.

Updated 31 Jul, 2020 08:40pm

Pakistan

Masood pays tributes to IIOJK people for resisting colonialism, foreign occupation

He observed that the scale at which the atrocities were being committed had been rightly termed genocide, crimes against humanity and war crimes.

Published 31 Jul, 2020 08:03pm

Commodities

SOFTS-Raw sugar hits 4-1/2 month high, coffee also climbs

The dollar extended its dramatic fall on Friday, putting it on course for its biggest monthly drop in a decade.

Published 31 Jul, 2020 08:01pm

Forex

Sterling set for biggest monthly rise in more than a decade as dollar slides

The pound rose 0.5% to $1.3159, its highest level since early March. On a monthly basis, it is up nearly 6%, its biggest rise since May 2009, according to Refinitiv data.

Published 31 Jul, 2020 07:59pm

Business & Finance

Fiat Chrysler limits COVID losses, sees much better H2

It also cut capital expenditure across the group, and expects to reduce the total for the full year by 1.5 billion euros ($1.8 billion) to 8-8.5 billion euros.

Published 31 Jul, 2020 07:56pm

Stocks

Wall St gains on Big Tech boost; Apple, Facebook hit record high

The tech-heavy Nasdaq Composite gained 153.66 points, or 1.45pc, to 10,741.47 at the opening bell.

Published 31 Jul, 2020 07:54pm

Europe

Brexit talks to run into October: UK says

"Negotiating rounds will take place in August and in September, unless agreed otherwise between the parties," according to a document Frost posted on Twitter.

Published 31 Jul, 2020 07:52pm

Energy

Oil on track for monthly gain as dollar weakness supports

US crude gained 50 cents, or 1.25pc, to $40.42 after dropping 3.3pc in the previous session, also off lows not seen since July 10.

Updated 31 Jul, 2020 07:52pm

Stocks

Sri Lankan shares jump on boost from financial, consumer stocks

The benchmark CSE All Share Index closed 0.71pc higher at 5,124.26.

Published 31 Jul, 2020 07:28pm

Industry

Ford will defer some quarterly payments on US Energy Dept loan

Ford was awarded a $5.9 billion low-cost government loan, a key source of liquidity in the aftermath of the financial crisis.

Published 31 Jul, 2020 07:26pm

World

Coronavirus impact will be felt far into the future: WHO

"The pandemic is a once-in-a-century health crisis, the effects of which will be felt for decades to come,"

Published 31 Jul, 2020 07:23pm

Financial

Longer-term yields rise with stock gains

The benchmark 10-year yield was up 2.1 basis points at 0.5625pc in morning trading.

Published 31 Jul, 2020 07:20pm

Pakistan

COVID claims 11 lives, infects 489 others: CM Sindh

This was stated by Sindh Chief Minister Syed Murad Ali Shah in a statement issued here on Friday.

Published 31 Jul, 2020 07:06pm

PM satisfied over making Pakistan green for coming generations

Imran Khan, who is an avid supporter of plantation across the country, in a tweet expressed satisfaction over the success of his 10 Billion Tree Tsunami project.

Published 31 Jul, 2020 07:04pm

Pakistan

Governor chairs high level meeting of Karachi issues

He further said that the federal government will not leave the people of Karachi alone under any circumstances.

Updated 31 Jul, 2020 07:04pm

Sindh Govt, Corps-5 Hqs, NDMA decide to clean drains, remove encroachments

Simultaneously the provincial government with their support would remove encroachments from all the storm water drains in the city.

Published 31 Jul, 2020 06:26pm

Pakistan

Asad Umar lauds new FBR team for surpassing July tax collection target

The minister, in a tweet, said the collection of Rs. 57 billion more revenue than the set target for the month of July reflected the good performance of new FBR team.

Published 31 Jul, 2020 06:24pm

Pakistan

NICVD establishes 18th Chest Pain Unit at Keamari, Karachi

Talking to media, Abdul Qadir Patel termed the establishment of the 18th Chest Pain Unit at “Keamari Karachi” as another gift for the people of Karachi.

Published 31 Jul, 2020 06:22pm

Pakistan

Gold price increase Rs750 to Rs123,500 per tola

Likewise the price of 10 gram gold also witnessed increase of Rs. 643 and was trade at Rs. 105,881 against its sale at Rs. 105,238.

Published 31 Jul, 2020 06:20pm

Pakistan

Local LPG price increases by Rs18.48 per 11.8-kg cylinder

After the revised prices, the cylinder would be sold in open market at Rs. 1,363.55, which was available at Rs. 1,345.07 during the month of July.

Published 31 Jul, 2020 06:18pm

Pakistan

KP CM felicitates nation on Eid-ul-Azha

He said that this historical day teaches us the lesson of love, tolerance, unity and to think about others which is the universal message of Deen-e-Islam.

Published 31 Jul, 2020 06:18pm

Forex

Dollar heads for biggest monthly drop in a decade as virus fuels US economy fears

Weakness in the US currency propelled the euro higher, with the single currency touching $1.19, its strongest since May 2018, and enjoying its best month since September 2010.

Published 31 Jul, 2020 06:12pm

Stocks

China stocks post biggest monthly rise in 17 months amid coronavirus uncertainty

The blue-chip CSI300 index was up 0.84pc, posting its biggest monthly gain since last February, rising 12.8pc.

Published 31 Jul, 2020 06:10pm

Currency

Copper set for 4th monthly gain as metals rise on weak dollar, strong China data

A weaker greenback makes dollar-denominated metals cheaper for holders of other currencies and can support prices.

Published 31 Jul, 2020 06:06pm

Forex

Rouble slips amid dividend flow from exporters

The rouble was 0.4pc weaker against the dollar at 73.43 and had lost 0.7pc to trade at 87.21 versus the euro, its weakest since late March.

Published 31 Jul, 2020 06:04pm

Middle East

Iran's Khamenei rejects talks with US over missile, nuclear programmes

"Relying on national capabilities and cutting our dependence on oil exports will help us to resist America's pressure."

Published 31 Jul, 2020 06:01pm

Asia

Indonesia reports 2,040 new coronavirus cases, 73 deaths

This brought Indonesia's total number of confirmed infections to 108,376 and deaths to 5,131.

Published 31 Jul, 2020 05:59pm

Europe

Norway's unemployment rate drops to 8.2pc in July

The rate is still more than double the 3.7pc seen in February, the last full month of regular economic activity before the lockdown began.

Published 31 Jul, 2020 05:58pm

South Asia

Hong Kong reports 121 new coronavirus cases as local transmissions stay high

The Chinese territory reported a daily record of 149 new cases on Thursday.

Published 31 Jul, 2020 05:47pm

South Asia

Philippines records 4,063 new coronavirus cases, SE Asia's highest jump for 2nd day

The ministry said total confirmed infections have risen to 93,354, while deaths increased by 40 to 2,023.

Published 31 Jul, 2020 05:45pm

Stocks

London Stock Exchange may sell Milan bourse to secure Refinitiv deal

LSE bought Borsa Italiana for 1.6 billion euros ($1.9 billion) in 2007.

Published 31 Jul, 2020 05:43pm

Europe

Poland reports record high virus cases for second day

The ministry reported seven new deaths, with a total of 45,688 reported coronavirus cases and 1,716 deaths.

Published 31 Jul, 2020 05:41pm

Europe

Spain must focus on recovery after ‘unprecedented’ GDP crash, PM says

Reducing inequality between Spain's regions must be a part of any eventual recovery, he said, adding that the worst moments of the crisis had now passed.

Published 31 Jul, 2020 05:39pm

Stocks

Tech stocks stand tall in Europe after strong FANG, Nokia earnings

Apple chip suppliers including AMS, Dialog Semiconductor and STMicro rose between 2.3pc and 3pc.

Published 31 Jul, 2020 05:35pm

Moeed seeks media role to project Kashmir cause in befitting way

He said the revocation of IIOJK's special status was not only violation of human rights of Kashmiris but also of the United Nations Security Council resolutions and international accords.

Published 31 Jul, 2020 05:34pm

Pakistan

CM appeals to celebrate Eid with simplicity due to COVID-19 pandemic

The chief minister expressed the satisfaction that anti-coronavirus steps had proved useful.

Published 31 Jul, 2020 05:32pm

Pakistan

Opposition should shun politics of deceit: Usman Buzdar

The opposition should shun their politics of deceit and stop point-scoring over the coronavirus, he added.

Published 31 Jul, 2020 05:30pm

Pakistan

Pakistan moving towards development: Aleem Khan

Abdul Aleem Khan said that Imran Khan’s vision was to make Pakistan the best possible place for which long lasting and stable policies would be implemented in all sectors.

Published 31 Jul, 2020 05:28pm

Stocks

Nokia shares jump after cull of low-margin business sees earnings beat

Nokia said its underlying earnings in April through June rose to 0.06 euros per share from 0.05 euros a year ago, beating the 0.03 euros consensus in a Refinitiv poll.

Updated 31 Jul, 2020 05:10pm

Forex

Yuan closes domestic trade at 4-1/2-month high, set for best month in nine

The onshore yuan ended its domestic trading session at 6.9794 per dollar, its strongest closing level since March 11.

Published 31 Jul, 2020 04:35pm

Business & Finance

L'Oreal sees sales grow for first time since January

L'Oreal shares were up 1.3pc at 0837 GMT after falling in early trading.

Published 31 Jul, 2020 04:32pm

Business & Finance

VW's Skoda deliveries fall 31pc, expects markets to stabilise

"In June we were able to make significant gains compared to the previous months," Skoda's board member for sales, Alain Favey, said.

Published 31 Jul, 2020 04:30pm

Energy

UK GAS-Prompt prices inch higher on cooler weather forecasts, lower wind power

The within-day contract was up 0.25 pence at 13.05 p/therm by 0919 GMT.

Published 31 Jul, 2020 04:28pm

South Asia

Taiwan Q2 GDP shrinks by most since 2009 as pandemic hits tourism

That marked the worst decline since a contraction of 1.13pc in the third quarter of 2009 when the global financial crisis damaged the trade-reliant economy.

Published 31 Jul, 2020 04:26pm

Currency

Gold heads for biggest monthly gain since Jan 2012 on rush to safety

Spot gold was up 0.8pc at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5pc to $1,970.70.

Published 31 Jul, 2020 04:21pm

USA

US records nearly 25,000 coronavirus deaths in July

The biggest increases were in Florida, with over 300,000 new cases in July, followed by California and Texas with about 250,000 each.

Published 31 Jul, 2020 04:18pm

Industry

Pfizer, BioNTech to supply 120mn doses of coronavirus vaccine to Japan

The companies did not disclose the financial details of the agreement, but said terms were based on the volume of doses and the timing of the delivery.

Published 31 Jul, 2020 04:16pm

Europe

Romania's new coronavirus cases surpass 50,000

President Klaus Iohannis ordered a strict lockdown in March to help rein in the spread and then replaced the state of emergency with a softer state of alert mode.

Published 31 Jul, 2020 04:13pm

Financial

Italian 10-year bonds set for best month since January

Italy's 10-year yield dropped 30 basis points in July to its lowest since early March, its biggest monthly fall since January.

Published 31 Jul, 2020 04:10pm

World

COVID infections on the rise in England, survey shows

The weekly infection survey said an estimated 1 in 1,500 individuals had COVID-19 in the most recent week from July 20-26, compared to 1 in 2,000 the previous week.

Published 31 Jul, 2020 04:09pm

Commodities

Ukraine's grain exports down 33pc in July

The exports included 1.19 million tonnes of wheat, 424,000 tonnes of corn and 714,000 tonnes of barley as of July 31.

Published 31 Jul, 2020 04:07pm

Stocks

Indian shares post first weekly fall in over a month, Reliance drags

The NSE Nifty 50 index fell 0.26pc to 11,073.45 and the S&P BSE Sensex dropped 0.34pc to 37,606.89.

Published 31 Jul, 2020 04:05pm

Worldwide coronavirus cases cross 17.38 million, death toll at 673,277

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

Published 31 Jul, 2020 03:51pm

Business & Finance

Air Canada posts quarterly loss as COVID-19 hammers demand

European airlines and Air Canada have urged the Canadian government to remove pandemic-related restrictions.

Published 31 Jul, 2020 03:49pm

South Asia

Hong Kong leader says key election postponed, blow to pro-democracy camp

News of the postponement came as the nomination period for candidates seeking to run in the election closed.

Published 31 Jul, 2020 03:46pm

Business & Finance

BT sees hit to earnings from economic fallout of COVID-19

Jansen said BT, which pulled its dividend in May to help weather the pandemic, now had enough visibility to provide guidance for the year.

Published 31 Jul, 2020 03:42pm

Pakistan

Excise dept sets new record, over Rs1.5bn tax collected in July

The authorities had also witnessed a surge in vehicle registration and transfer during the same period with 3,615 new registration and 14,757 transferred cases respectively.

Published 31 Jul, 2020 03:32pm

Stocks

Tokyo's Nikkei closes down more than 2.8 percent

The Nikkei 225 index fell 2.82 percent, or 629.23 points, to close at 21,710.00, while the broader Topix index also lost 2.82 percent, or 43.41 points, to 1,496.06.

Published 31 Jul, 2020 03:31pm

Pakistan

Murad demands Sindh govt to unveil report of assets of special assistants

He said that Pakistan Peoples Party and Pakistan Muslim League-Nawaz, never bothered to formulate a commission on sugar crisis during their era of running affairs of state.

Published 31 Jul, 2020 03:29pm

Stocks

Hong Kong stocks close lower

The Hang Seng Index slipped 0.47 percent, or 115.24 points, to 24,595.35.

Published 31 Jul, 2020 03:27pm

Pakistan

Shibli appeals to masses to observe Yaum-e-Istehsal in befitting manner

The nation had reinvigorated their solidarity with the Kashmiris under the leadership of Prime Minister Imran Khan, he added.

Published 31 Jul, 2020 03:26pm

Pakistan

PTI-led govt not to grant NRO to those involved in corruption cases: Fawad

He said the most of the employees from lower to higher ranks of national accountability bureau were inducted by former PML-N governments.

Published 31 Jul, 2020 03:23pm

Pakistan

FBR surpasses revenue collection target of July by Rs57bn

The collections during first month of the current fiscal year are 125 percent of the assigned target, according to data released by the board here.

Published 31 Jul, 2020 03:20pm

World

Pompeo warns of UN sanctions if Iran arms ban ends

US previously said it has the authority to "snap back" UN economic sanctions that were lifted as part of a nuclear deal with Iran.

Published 31 Jul, 2020 04:19am

Companies

Ford results top estimates, points to strong cash position

Ford reported net profits of $148 million boosted by a one-time gain of $3.5 billion.

Published 31 Jul, 2020 04:17am

Currency

Covid-19 crushes US economy in Q2

WASHINGTON: The US economy suffered its biggest blow since the Great Depression in the second quarter as the ...

Updated 31 Jul, 2020 04:11am

World

Careless young people driving some Covid-19 spikes: WHO

GENEVA: The World Health Organization on Thursday warned that spikes in coronavirus transmission in a number of...

Updated 31 Jul, 2020 04:08am

Asia

Former Taiwan president Lee Teng-hui dies

TAIPEI: Taiwan's former president Lee Teng-hui, who earned the nickname "Mr Democracy" for the part he played in the...

Updated 31 Jul, 2020 04:08am

Exchange

Russia jails US ex-marine for 9 years

MOSCOW: A Russian court on Thursday sentenced former US marine Trevor Reed to nine years in prison for assaulting...

Updated 31 Jul, 2020 04:07am

Europe

EU sanctions on Russian, Chinese 'cyber attackers'

BRUSSELS: The European Union imposed its first ever sanctions against alleged cyber attackers on Thursday, targeting...

Updated 31 Jul, 2020 04:06am

Business & Finance

German economy shrinks by record 10.1 percent in Q2

FRANKFURT AM MAIN: The German economy shrank by a record 10.1 percent in the second quarter as coronavirus lockdowns...

Updated 31 Jul, 2020 04:06am

Taxes

Declarations under amnesty scheme: FTO tells FBR to facilitate taxpayers who missed deadline

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to facilitate thousands of...

Updated 31 Jul, 2020 04:04am

Taxes

'Bid to evade paying of duty, taxes' foiled

KARACHI: Model Customs Collectorate (MCC), Port Qasim, on Thursday claimed to have foiled an alleged attempt by an...

Updated 31 Jul, 2020 04:04am

Taxes

FBR offices timings

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that all offices of federal government will revert back...

Updated 31 Jul, 2020 04:04am

Industry

British Airways to resume flight operation

ISLAMABAD: British Airways has announced to resume flight operations to Pakistan from the UK, signaling the ...

Updated 31 Jul, 2020 04:04am

Exchange

Nestle sees growth slow

ZURICH: Swiss food giant Nestle said Thursday that second quarter growth slowed as lockdowns aimed at halting the...

Updated 31 Jul, 2020 04:04am

Business & Finance

Profits at India's Reliance jump 31pc, beating estimates

Refining margins are a key profitability gauge for the company, which operates the world's biggest refining complex in Gujarat state.

Published 31 Jul, 2020 03:59am

Business & Finance

2.6-billion euro loss for Air France-KLM in virus-hit 2nd quarter

Air France-KLM had already posted an operating loss of 1.5 billion euros for the quarter.

Published 31 Jul, 2020 03:56am

Exchange

Car bomb kills at least 17 in Afghanistan ahead of ceasefire

Taliban spokesman said the blast had "nothing to do" with the insurgents.

Published 31 Jul, 2020 03:53am

Europe

No second wave of coronavirus in Spain: health ministry

There were 1,229 new cases on Thursday, bringing the total to 285,430.

Published 31 Jul, 2020 03:52am

Europe

Iceland wants to preserve Arctic from US-China tensions: PM

"I have been very focused on making sure the Arctic stays a very low tension area," said Jakobsdottir.

Published 31 Jul, 2020 03:49am

USA

Brazil first lady tests positive for coronavirus

Michelle Bolsonaro had announced on July 11 that she and her two daughters tested negative for the virus.

Published 31 Jul, 2020 03:19am

Middle East

Car bomb kills 9 in northeast Syria: monitor

Many bombings have since rocked the area, several in the past week alone.

Published 31 Jul, 2020 03:17am

Technology

NASA's Perseverance rover bound for Mars to seek ancient life

Perseverance is an improved version of Curiosity -- faster, smarter, and capable of autonomously navigating 200 meters per day.

Published 31 Jul, 2020 03:15am

Pakistan

PNSC changes crew onboard MV Sibi at Dakar

KARACHI: PNSC remains committed to the wellbeing of its seafarers despite the challenges posed by Covid-19. While...

Updated 31 Jul, 2020 03:05am

Pakistan

Urban forestation: Sindh govt invites corporate sector, multinationals

KARACHI: Sindh Government has invited corporate sector including multinationals to join its drive to grow and...

Updated 31 Jul, 2020 03:04am

Life & Style

UK rapper gets 24 years

LONDON: A British court on Thursday jailed for 24 years a fast-rising rap artist who was found guilty of repeatedly...

Updated 31 Jul, 2020 03:04am

Pakistan

IHC imposes Rs10,000 fine on 'frivolous litigator'

ISLAMABAD: The Islamabad High Court (IHC) on Thursday imposed fine of 10,000 rupees on a petitioner for filing a...

Updated 31 Jul, 2020 03:03am

Pakistan

Manufacturers of vegetable ghee: LHC issues stay order, suspends PFA order

ISLAMABAD: The Lahore High Court (LHC) has issued a stay order to the manufacturers of vegetable ghee (Banaspati),...

Updated 31 Jul, 2020 03:03am

Pakistan

Managing finances properly: ACCA urges govt to use public sector balance sheets

LAHORE: Calling upon the government to use public sector balance sheets for properly managing its finances, the...

Updated 31 Jul, 2020 03:03am

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...

Published 31 Jul, 2020 02:42am

Life & Style

PTA lifts ban on PUBG

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has decided to unban online game Player Unknown's...

Published 31 Jul, 2020 02:42am

Pakistan

Justice Isa's wife levels allegations against FBR

ISLAMABAD: Justice Qazi Faez Isa's wife Sarina Isa levelled serious allegations against the Federal Board of Revenue...

Published 31 Jul, 2020 02:42am

USA

Trump shocks with delayed presidential election idea

The tweet came minutes after second quarter data showed a 32.9 percent annualized collapse in the economy compared to the first quarter.

Published 31 Jul, 2020 02:59am

Pakistan

PM won't bow down to opposition's pressure: minister

ISLAMABAD: Federal Minister for Information and Broadcasting Senator Shibli Faraz on Thursday said that the...

Published 31 Jul, 2020 02:42am

Pakistan

US envoy hands over another 100 ventilators to NDMA chief

ISLAMABAD: National Disaster Management Authority (NDMA) Chairman Lieutenant General Muhammad Afzal has said the...

Published 31 Jul, 2020 02:42am

Pakistan

SI shot dead in Karachi

KARACHI: A Sub Inspector (SI) of Sindh Police Muhammad Yar was shot dead by unknown motorcyclists near Northern...

Published 31 Jul, 2020 02:42am

Exchange

Spain agrees investment plan with Airbus to save jobs

Madrid agreed to back Airbus in talks to help convince the United States to lift sanctions on the company.

Published 31 Jul, 2020 02:57am

Pakistan

LDA approves Rs 58.61 billion annual budget

LAHORE: The Lahore Development Authority (LDA) on Thursday approved Rs 58.61 billion annual budget for the Authority...

Published 31 Jul, 2020 02:42am

Middle East

Iraqi army says two rockets target Baghdad airport, no casualties

It was the 39th attack targeting US interests since October last year in Iraq.

Published 31 Jul, 2020 02:55am

Pakistan

Ehsaas Programme: Almost half of country's population supported: Dr Sania

ISLAMABAD: Special Assistant to the Prime Minister on Poverty Alleviation and Social Safety, Dr Sania Nishtar...

Published 31 Jul, 2020 02:42am

Pakistan

Crackdown on profiteers in Punjab; 852 arrested in July

LAHORE: With a view to ensure availability of essential commodities at the fixed prices, the Punjab government has...

Published 31 Jul, 2020 02:42am

Pakistan

Buzdar approves expansion of rainwater storage project

LAHORE: Punjab Chief Minister Sardar Usman Buzdar has approved gradual expansion of rainwater underground storage...

Published 31 Jul, 2020 02:42am

Pakistan

Offal-related complaints to be registered on 1399: mayor

KARACHI: Mayor Karachi Wasim Akhtar asked the citizens to lodge offal-related complaints on 1399 of Citizens...

Published 31 Jul, 2020 02:42am

Pakistan

Engineering & Technology: SU appoints new academic heads

HYDERABAD: The administration of University of Sindh, Jamshoro has appointed new academic heads of the departments...

Published 31 Jul, 2020 02:42am

Pakistan

Amendments in NAO: TI Pakistan concerned at recent development of negotiations

KARACHI: On recent development of negotiations on the amendments in the NAO 1999, Chairman TI Pakistan Sohail...

Published 31 Jul, 2020 02:42am

USA

Trudeau under pressure as he testifies in ethics probe

WE Charity has said it paid Trudeau's mother and brother nearly CAN$300,000 for speaking engagements in recent years.

Published 31 Jul, 2020 02:49am

Opinion

No country for face masks: Nordics brush off mouth covers

ARTICLE: As most of the world either orders or recommends the use of face masks, with even US president Donald Trump...

Published 31 Jul, 2020 02:42am

Senate panel passes Anti-Terrorism Act, UNSC Act

ISLAMABAD: The Senate Standing Committee on Law and Justice Thursday unanimously passed the "Anti-Terrorism Act,...

Published 31 Jul, 2020 02:42am

SBP asks govt for an 'efficient' debt management policy

KARACHI: The State Bank of Pakistan (SBP) has urged the federal government for an efficient debt management policy....

Published 31 Jul, 2020 02:42am

'Enforced disappearances', detentions for 180 days: Govt accused of trying to inject legal propriety

ISLAMABAD: Former prime minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi on Thursday...

Published 31 Jul, 2020 02:42am

FY 2019-20: Country received $10.66bn external inflows

ISLAMABAD: The country received $10.662 billion external inflows from multiple financing sources in fiscal year...

Published 31 Jul, 2020 02:42am

SPI up 0.31pc WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended July 29, 2020 recorded an increase of 0.31 percent...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer...

Published 31 Jul, 2020 02:42am

Cotton

Obama aims criticism at Trump in eulogy for civil rights leader

"We can witness our federal government sending agents to use tear gas and batons against peaceful demonstrators," the former president said.

Published 31 Jul, 2020 02:46am

Holistic approach needed to address power-sector challenges: WB

ISLAMABAD: Tariff increase is not the only solution to address power-sector challenges but it needs a holistic...

Published 31 Jul, 2020 02:42am

Exchange

Adverse impacts of Covid-19 contained: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that improved macroeconomic fundamentals have provided room for...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer...

Published 31 Jul, 2020 02:42am

Africa

Al-Qaeda-linked group claims attack on French forces in Mali

The raid coincided with a mortar shelling, enabling commandos to storm the base, and clash with the Crusader soldiers that remained.

Published 31 Jul, 2020 02:44am

Industry

VW asks US appeals court to reconsider ruling on diesel emissions updates

The 3-0 ruling in June said Utah's Salt Lake County and Florida's Hillsborough County could seek "staggering" damages over updates made to polluting diesel vehicles after they were sold.
VW said in court papers on Thursday that the ruling, if upheld, could have sweeping ramifications for the US auto industry.

Published 31 Jul, 2020 02:42am

Middle East

Saudi king leaves hospital after gall bladder surgery: state media

The royal court said a week ago that he underwent laparoscopic surgery to remove his gall bladder.

Published 31 Jul, 2020 02:42am

Pakistan

The Weather

KARACHI: The weather report on Thursday (July 30, 2020) and the forecast for Friday (July 31, 2020)....

Published 31 Jul, 2020 02:42am

Pakistan

Pakistan alarms int'l community about Indian arms buildup

ISLAMABAD: Pakistan on Thursday alarmed the world community about massive Indian arms buildup and modernization of...

Published 31 Jul, 2020 02:42am

Pakistan

Illegal use of Senate logo on cigarette packs: Privilege motion moved in Senate

ISLAMABAD: A privilege motion has been moved in the Senate for illegal use of Senate logo on cigarette packs and ...

Published 31 Jul, 2020 02:42am

Pakistan

KP CM orders complete ban on polythene bags

PESHAWAR: KP Chief Minister Mahmood Khan Thursday directed to impose complete ban on the use of polythene bags ...

Published 31 Jul, 2020 02:42am

Pakistan

Property dispute claims 10 lives in Upper Dir

UPPER DIR: At least 10 people were shot dead over property dispute in Upper Dir, Khyber Pakhtunkhwa on Thursday....

Published 31 Jul, 2020 02:42am

Pakistan

54 new Covid-19 cases reported in Balochistan

QUETTA: At least 54 persons were tested positive for coronavirus in Balochistan on Wednesday, bringing the total...

Published 31 Jul, 2020 02:42am

Pakistan

Reels for Rights: Ministry to launch Human Rights Film Festival

ISLAMABAD: The Ministry of Human Rights, as part of the collaborative project (Huqooq-e-Pakistan) with the European...

Published 31 Jul, 2020 02:42am

Pakistan

Government trying to get dictatorial powers in name of FATF: Bilawal

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari on Thursday said the government was trying...

Published 31 Jul, 2020 02:42am

Pakistan

24 out of 2,113 tested positive in Capital

ISLAMABAD: The Covid-19 positive cases' rate on Thursday remained at 1.1 percent as only 24 people were tested...

Published 31 Jul, 2020 02:42am

Pakistan

Half of Pakistan's population predicted to be living in cities by 2025: FPCCI

KARACHI: Convener of Central Standing Committee on Urban Development of Federation of Pakistan Chambers of Commerce...

Published 31 Jul, 2020 02:42am

Pakistan

SHC seeks report on status of inquiry against Wassan

KARACHI: The Sindh High Court (SHC) on Thursday sought a report from the National Accountability Bureau (NAB) on the...

Published 31 Jul, 2020 02:42am

Exchange

Telephonic contact with Hasina: Iftikhar lauds PM's initiative

KARACHI: Pak US Business Council Founder Chairman Iftikhar Ali Malik has lauded the bold initiative of Prime ...

Published 31 Jul, 2020 02:42am

Pakistan

Habib University leads the way in educational innovation

KARACHI: Habib University becomes the first institute of higher learning in Pakistan to introduce Canvas, an ...

Published 31 Jul, 2020 02:42am

Pakistan

Fishermen protest at death of colleague in Indian prison

KARACHI: A large number of fishermen on Thursday staged a protest rally with the body of fisherman slain in Indian...

Published 31 Jul, 2020 02:42am

Pakistan

Covid-19 claims 20 lives, infects 498 others: Murad

KARACHI: As many as 20 patients of coronavirus died overnight lifting the death toll to 2,209 and 498 others...

Published 31 Jul, 2020 02:42am

Technology

iTecknologi Group posts Rs1bn annual revenue

KARACHI: iTecknologi Group of Companies has posted an annual revenue of Rs 100 crores during the FY 2019-20. The...

Published 31 Jul, 2020 02:42am

South Asia

India's fugitive 'Dr Death', arrested

NEW DELHI: An Indian traditional-medicine doctor jailed for life for murdering truck drivers and feeding their...

Published 31 Jul, 2020 02:42am

China

China conducts military drills in South China Sea

BEIJING: Beijing recently conducted "high-intensity" naval exercises in the South China Sea, China's defence ...

Published 31 Jul, 2020 02:42am

South Asia

Car bomb kills at least 17 in Afghanistan

PULI ALAM: At least 17 people were killed in a car bomb explosion in an Afghan city south of Kabul on Thursday,...

Published 31 Jul, 2020 02:42am

Middle East

Car bomb kills 6 in northeast Syria

BEIRUT: A car bomb in northeast Syria targeting a checkpoint manned by Turkish-backed forces killed six people,...

Published 31 Jul, 2020 02:42am

USA

Coronavirus deaths top 150,000 in worst-hit US

WASHINGTON: Southern and western regions of the United States were grappling Thursday with a renewed surge of...

Published 31 Jul, 2020 02:42am

Technology

Huawei overtakes Samsung as top smartphone seller

BEIJING: China's Huawei has overtaken Samsung to become the number-one smartphone seller worldwide in the second...

Published 31 Jul, 2020 02:42am

Technology

Samsung Electronics profit rises

SEOUL: South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second...

Published 31 Jul, 2020 02:42am

Currency

State Bank of Pakistan conversion rates

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

Published 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

Forex

Exchange rates: buying and selling

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

Published 31 Jul, 2020 02:42am

Forex

Currency notes: exchange rates

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

Published 31 Jul, 2020 02:42am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (July 30,...

Published 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (July 30, 2020). ========================== KIBOR...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (July 30, 2020). ========================...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (July 30, 2020). ========================...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (July 30, 2020). ======================== Offer Price 1,161.9075 Bid...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (July 30, 2020). ======================== Offer ...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (July 30, 2020). ======================== Offer Price 1,374.1583...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (July 30, 2020). ======================== Offer Price...

Published 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

Exchange

Clearing Schedule for T+2 System

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

Published 31 Jul, 2020 02:42am

Exchange

Proposed right issues

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

Published 31 Jul, 2020 02:42am

Exchange

Dividend/Bonus Announcements

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

Published 31 Jul, 2020 02:42am

Exchange

BOARD MEETINGS

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

Published 31 Jul, 2020 02:42am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (July 30, 2020). ==================================== BR...

Published 31 Jul, 2020 02:42am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 31 Jul, 2020 02:42am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Thursday (July 30, 2020)...

Published 31 Jul, 2020 02:42am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

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 31 Jul, 2020 02:42am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Currency

THE RUPEE: Loss continues

KARACHI: On Thursday, Pakistan Rupee continued to lose value against USD in both interbank and open markets and...

Published 31 Jul, 2020 02:42am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (July 30, 2020). ======================== Bid Rate Rs...

Published 31 Jul, 2020 02:42am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (July 30, 2020). ======================================= Offset...

Published 31 Jul, 2020 02:42am

Exchange

LME official prices

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

Published 31 Jul, 2020 02:42am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Energy

Shell dives to $18.1 billion Q2 loss

LONDON: Anglo-Dutch energy major Royal Dutch Shell posted Thursday a colossal net loss of $18.1 billion (15.4 ...

Published 31 Jul, 2020 02:42am

Stocks

Lloyds, Stan Chart weigh on FTSE

LONDON: Gloomy quarterly results from banks and a clutch of other firms saw the FTSE 100 post its worst session in...

Published 31 Jul, 2020 02:42am

Stocks

Australian shares up

SYDNEY: Australian shares closed higher on Thursday as investors cheered the Federal Reserve's assertion it would ...

Published 31 Jul, 2020 02:42am

Stocks

Japanese shares down

TOKYO: Japanese shares reversed course to end lower on Thursday, as renewed concerns about rising cases of the novel...

Published 31 Jul, 2020 02:42am

Stocks

US stocks up after Fed vows more support for economy

NEW YORK: US stocks closed higher on Wednesday, adding to gains after the Federal Reserve repeated a pledge to use...

Published 31 Jul, 2020 02:42am

Stocks

Thursday's early trade: Wall Street falls after grim data

NEW YORK: US stocks fell sharply on Thursday after a second straight rise in weekly jobless claims fuelled worries...

Published 31 Jul, 2020 02:42am

Stocks

China shares lower

SHANGHAI: China shares closed lower on Thursday, with tech and resources shares leading the declines, as some...

Published 31 Jul, 2020 02:42am

Stocks

Goldman expects new tech indexes to bring China $25bn passive inflows in 5 years

SHANGHAI: Mainland China and offshore hub Hong Kong's latest indexes representing technology companies are likely to...

Published 31 Jul, 2020 02:42am

Stocks

European shares sink

MILAN: European shares sank to a one-month low on Thursday, hit by underwhelming earnings reports, a dire reading of...

Published 31 Jul, 2020 02:42am

Grains

European wheat prices rise on strong US markets

PARIS: European wheat prices rose on Wednesday in the wake of strong US markets and cuts in the French wheat crop...

Published 31 Jul, 2020 02:42am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 127,357 tonnes of cargo comprising 75,409 tonnes of import cargo and 51,948 tonnes...

Published 31 Jul, 2020 02:42am

Opinion

Time for 'Great Reset' of political and economic order

ARTICLE: 'We are living in an era of multiple crises: Covid-19; a crisis of economic disappointment; a crisis of...

Published 31 Jul, 2020 02:42am

Letters

Bills related to FATF compliance

LETTER: To India's chagrin, Pakistan's National Assembly passed, amid uproar and protest from the opposition ...

Published 31 Jul, 2020 02:42am

Exchange

PSX on positive note: BRIndex100 stays in green zone

KARACHI: Pakistan Stock Exchange on Thursday closed on positive note on the back of local investors and ...

Published 31 Jul, 2020 02:42am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 31 Jul, 2020 02:42am

Business & Finance

KP CM formally launches 3-year economic recovery plan

PESHAWAR: KP Chief Minister Mahmood Khan Thursday formally launched a three-year economic recovery plan 'Azm-e-Nau ...

Published 31 Jul, 2020 02:42am

Industry

SAI chief calls for cleaning of SITE area, repairing of roads

KARACHI: President of SITE Association of Industry (SAI), Suleman Chawla has urged Chief Minister Sindh to issue...

Published 31 Jul, 2020 02:42am

Industry

SCCI, Smeda vow to accelerate efforts for setting up of virtual BFC

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) and Small and Medium Enterprises Development Authority...

Published 31 Jul, 2020 02:42am

Money & Banking

SBP renews VIS, PACRA status as ECAIs

KARACHI: The State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in ...

Published 31 Jul, 2020 02:42am

Money & Banking

US sanctions London-based Cuban bank

WASHINGTON: The United States announced sanctions Thursday against Havin Bank LTD, a London-based Cuban entity also...

Published 31 Jul, 2020 02:42am

Energy

Total suffers first quarterly loss since 2015

PARIS: Total suffered its first net loss in five years in the second quarter due to the plunge in crude prices...

Published 31 Jul, 2020 02:42am

Currency

Euro retreats in Europe

LONDON: The euro retreated on Thursday after a two-month rally against the dollar, as Germany reported disappointing...

Published 31 Jul, 2020 02:42am

Currency

Early trade in New York: Dollar dips as Trump floats idea of election delay

NEW YORK: The US dollar dipped on Thursday after US President Donald Trump raised the possibility of delaying the...

Published 31 Jul, 2020 02:42am

Currency

Sterling rises above $1.30

LONDON: Sterling rose against both the dollar and the euro on Thursday, topped the key $1.30 mark, but ...

Published 31 Jul, 2020 02:42am

Money & Banking

Aussie, kiwi climb

SYDNEY: The Australian and New Zealand dollars paused near multi-month highs on Thursday as a reliably dovish ...

Published 31 Jul, 2020 02:42am

Cotton & Textile

Bearish trend prevails on cotton market

KARACHI: Bearish trend prevails in the local cotton market on Thursday. Market sources told that quality of Phutti...

Published 31 Jul, 2020 02:42am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 30, 2020)....

Published 31 Jul, 2020 02:42am

Commodities

CBOT soyabean futures lower on mild weather

CHICAGO: Chicago Board of Trade soyabean futures closed mostly lower on Wednesday as favorable weather in the US ...

Published 31 Jul, 2020 02:42am

Commodities

PMEX daily trading report

KARACHI: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,764. The traded...

Published 31 Jul, 2020 02:42am

Energy

Little effort made to generate power from animal dung: PED

LAHORE: A little effort has been made by the government to generate power from animal dung, carrying a power...

Published 31 Jul, 2020 02:42am

Money & Banking

Samba Bank and NIFT sign agreement

KARACHI: Samba Bank Limited and NIFT signed an agreement to enable digital e-Commerce payments via NIFT's Digital...

Published 31 Jul, 2020 02:42am

Energy

KE receives over 2,000 fake emergency complaints during rains

KARACHI: During the recent rains, K-Electric (KE) highlighted operational challenges created due to over 2,000...

Published 31 Jul, 2020 02:42am

Editorials

Worries about employment

EDITORIAL: It turns out, according to an Ipsos survey that has been measuring Global Consumer Confidence Index...

Published 31 Jul, 2020 02:42am

Editorials

Missing persons 'black hole'

EDITORIAL: The issue of missing persons has assumed the characteristics over time of a 'black hole' from which...

Published 31 Jul, 2020 02:42am

Editorials

Allama Iqbal on equitable taxation

EDITORIAL: In this article, we are highlighting the ideas of the great thinker, philosopher and poet, Allama ...

Published 31 Jul, 2020 02:42am

Two more PM's aides rumoured to be on the way out

ISLAMABAD: The federal capital is abuzz with speculation that at least two more top aides of Prime Minister Imran...

Published 31 Jul, 2020 02:42am

Currency

Industry

Airbus posts net loss on plunging deliveries

PARIS: Airbus announced Thursday net losses of 1.9 billion euros ($2.2 bn) in the first six months after aircraft...

Published 31 Jul, 2020 02:42am

Industry

Amazon posts biggest profit ever at height of pandemic

Shares of Amazon, the world's largest online retailer, rose 5% in after-hours trade.
The company also forecast net sales of $87 billion to $93 billion for the third quarter. Analysts on average were expecting revenue of $86.34 billion.

Published 31 Jul, 2020 02:40am

Sports

'Heart and soul': Recalled Willey stars as England beat Ireland

Ireland were in danger of being dismissed for under 100 but all-rounder Curtis Campher held firm with an unbeaten 59 on debut.

Published 31 Jul, 2020 02:40am

Companies

Ford lifted by VW's Argo investment, posts quarterly profit

German automaker VW closed its $2.6 billion investment in Argo last month.
Ford said on July 27 it repaid $7.7 billion of an outstanding $15.4 billion on its revolving credit facilities.

Published 31 Jul, 2020 02:35am

Currency

Brazil's Vale shrugs off virus to post profit in Q2

The company reported a net profit of $995 million for the quarter.

Published 31 Jul, 2020 02:37am

Kerb

Facebook quarterly profit rockets despite ad boycott

Shares in the Silicon Valley-based technology giant were up five percent in after-market.

Published 31 Jul, 2020 02:35am

Currency	Rate
USD PKR Interbank Selling / Jul 6	278.31
USD PKR Interbank Buying / Jul 6	278.11
USD to Japanese Yen / Jul 7	161.89
USD to Swiss Franc / Jul 7	0.81
Pound Sterling to USD / Jul 7	1.34
Euro to USD / Jul 7	1.14
SOFR % / Jul 6	3.66

Stock	Volume
S&P 500 / Jul 6	7,537.43
Nasdaq / Jul 6	26,121.16
Dow Jones / Jul 6	53,055.91
India Sensex / Jul 7	78,460.01
Tokyo Nikkei / Jul 7	68,848.59
Hang Seng / Jul 7	23,604.16
FTSE 100 / Jul 7	10,703.19
Germany DAX 30 / Jul 7	25,792.57
France CAC40 / Jul 7	8,541.49

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 6	17,880
Gold 10 Grams PKR / Jul 6	375,030
Petrol/Litre / Jul 7	297.53
Crude Oil USD/Barrel / Jul 7	69.01
Gold Spot USD/Ounce / Jul 7	4,125.55
Diesel/Litre / Jul 7	309.50
Cotton US¢/pound / Jul 7	78.97

Stock	Price
Tariq Corp. (R) / Jul 7 Tariq Corporation Limited(Right)(TCORPR2)	6.42 ▲ 1 (18.45%)
Ittefaq Iron Ind / Jul 7 Ittefaq Iron Industries Limited(ITTEFAQ)	9.70 ▲ 1 (11.49%)
First Punjab Modaraba / Jul 7 First Punjab Modaraba(FPJM)	9.32 ▲ 0.95 (11.35%)
Samba Bank / Jul 7 Samba Bank Limited(SBL)	12.64 ▲ 1.15 (10.01%)
EMCO Industries / Jul 7 Emco Industries Limited(EMCO)	54.53 ▲ 4.96 (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%)

Stock	Price
Azgard Nine (Non-Voti) / Jul 7 Azgard Nine (Non-Voti)(ANLNV)	7.01 ▼ -0.99 (-12.38%)
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%)
Khairpur Sug. / Jul 7 Khairpur Sugar Mills Limited(KPUS)	1,911.22 ▼ -212.36 (-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%)
Dewan Textile / Jul 7 Dewan Textile Mills Limited(DWTM)	10.32 ▼ -0.91 (-8.1%)
Arpak Int. / Jul 7 Arpak International Investments Ltd.(ARPAK)	135 ▼ -10.11 (-6.97%)
Chashma / Jul 7 Chashma Sugar Mills Limited(CHAS)	122.65 ▼ -8.84 (-6.72%)

Stock	Volume
TPL REIT Fund I / Jul 7 TPL REIT Fund I(TPLRF1)	73,332,577 ▲ 0.07
TPL Properties / Jul 7 TPL Properties Limited(TPLP)	69,960,822 ▲ 0.71
B.O.Punjab / Jul 7 The Bank of Punjab(BOP)	56,511,156 ▲ 0.29
LSE Capital / Jul 7 LSE Capital Limited(LSECL)	35,679,618 ▲ 0.36
Cnergyico PK / Jul 7 Cnergyico PK Limited(CNERGY)	26,917,763 ▼ -0.02
TPL Corp Ltd / Jul 7 TPL Corp Limited(TPL)	25,534,411 ▲ 0.3
Siddiqsons Tin / Jul 7 Siddiqsons Tin Plate Limited(STPL)	24,322,709 ▲ 0.51
Pak Elektron / Jul 7 Pak Elektron Limited(PAEL)	21,076,460 ▲ 0.18
Thatta Cement / Jul 7 Thatta Cement Company Limited(THCCL)	18,769,728 ▲ 4.97
WorldCall Telecom / Jul 7 Worldcall Telecom Limited(WTL)	14,909,542 ▲ 0.02