News Archives for Latest - 2020-08-05

PM unveils Pakistan's 'political map'

ISLAMABAD: The Prime Minister, Imran Khan, has unveiled the "political map" of the country on the eve of the first...

Updated 11 Aug, 2020 10:06pm

Exchange

Shahram Bakhtiari appointed as Silkbank President & CEO

The bank in its filing to the Pakistan Stock Exchange (PSX) on Wednesday informed that Bakhtiari, who has been leading the Retail Banking would replace Azmat Tarin.

Updated 06 Aug, 2020 02:39pm

Europe

Britain to provide 5mn pounds of aid to Beirut: Raab

We are going to stand by the Lebanese people in their time of need; we are going to provide immediate response and an aid package - an assistance package - search and rescue.
humanitarian assistance up to 5 million pounds, as well as expert medical support.

Published 05 Aug, 2020 11:58pm

Money & Banking

Romania central bank cuts rates, stocks rise on stimulus hopes

Central European stock indices gained as global markets looked forward to further stimulus measures in the United States.
Budapest's stock index gained 2% and Prague's rose 1%. Warsaw was up 1.2% while Bucharest added 0.8%.

Published 05 Aug, 2020 11:54pm

Commodities

EU wheat stuck at one-month low as traders weigh harvest, demand

Front-month September milling wheat on Paris-based Euronext, unofficially closed down 0.75 euro, or 0.4%, at 179.00 euros ($212.67) a tonne, its lowest since June 30.
"There won't be much French exports and there is a lot of re-selling for the domestic market, particularly to Brittany."

Published 05 Aug, 2020 11:52pm

Commodities

Gold races to new record after blowing past $2,000/oz

Silver rises to more than 7-year high.
Dollar index hovers near two-year lows.
Washington remains deadlocked over a relief package.

Published 05 Aug, 2020 11:49pm

USA

After Trump fired his predecessor in May, acting State Dept IG says he is leaving too

Announcing the departure, a State Department spokesman said Akard's deputy Diana Shaw would become the new acting inspector general.
Akard's departure comes after his predecessor, Steve Linick, who had joined the State Department in 2013.

Published 05 Aug, 2020 11:45pm

USA

Pompeo in call with Lebanese PM reaffirms US commitment to assist after blast

After a massive warehouse blast killed 135 people and injured thousands.
Around 5,000 people were injured in Tuesday's explosion at Beirut port, which investigators blamed on negligence.

Published 05 Aug, 2020 11:38pm

Sports

Drawing Ashes in England was 'disappointing': Smith

Australia will look to retain the Ashes at home in 2021/22.

Updated 05 Aug, 2020 09:15pm

Exchange

Digital billboard of Ram Mandir goes live on New York's Times Square

Digital advert comes up as Indian PM Modi laid the foundation of Hindu temple at the site of demolished Babri Masjid

Updated 05 Aug, 2020 09:14pm

Pakistan

357 new cases of COVID-19 detected, 14 more died: CM Sindh

He added that currently 6,132 patients were under treatment, of them 5696 in home isolation, nine in Isolation centers and 427 in different hospitals.

Published 05 Aug, 2020 09:06pm

39 injured as attackers lob hand grenade at JI's Kashmir rally in Karachi

Police officials say they are collecting evidence from the blast site and conducting investigations into the incident

Updated 05 Aug, 2020 09:08pm

Pakistan

World taking notice of Indian violation of Int’l laws: Masood

Masood Khan said the Kashmiri people were continuing their freedom struggle till achieve the right to self-determination.

Published 05 Aug, 2020 09:05pm

Pakistan

CM thanks nation for observing Youm-e-Istehsal

He said that people of Pakistan participated in the functions, organised against revoking of special status of Indian Illegally Occupied Jammu & Kashmir (IIOJK).

Published 05 Aug, 2020 08:50pm

Pakistan

Govt to promote national sport hockey: PM

He said this in a meeting with former captain of national hockey team and Olympian Islahuddin, the PM Office said.

Published 05 Aug, 2020 08:43pm

Pakistan

Raja Basharat pays tribute to Kashmiris on Youm-e-Istehsal

The minister said that Pakistan would continue to support the oppressed Kashmiris till they get independence from India as our hearts beat with Kashmiris.

Published 05 Aug, 2020 08:41pm

Pakistan

CM Jam Kamal seeks report about Hepatitis spread in Balochistan

Secretary Health Dostain Jamaldini has been asked to submit report regarding current status of the Hepatitis, its causes and recommendations for its prevention.

Published 05 Aug, 2020 08:32pm

Pakistan

Pakistan unveils its first political map in line with UN pledges: Moeed

He said the map had clearly indicated the Indian Illegally Occupied Jammu and Kashmir as a disputed territory.

Published 05 Aug, 2020 08:30pm

Pakistan

No Kashmir solution without granting self-determination right to Kashmir: Shibli

He said the political map was need of the hour as it reflected the sentiments of both the Pakistani nation and the Kashmiris, and their historical stance.

Published 05 Aug, 2020 08:29pm

Pakistan

PM participates in walk to express solidarity with Kashmiris

Additional Chief Secretary Development Syed Asif Hussain Shah briefed the prime about the monument.

Updated 05 Aug, 2020 08:29pm

Pakistan

Chevron Pakistan partners with Careem to facilitate captains

This relationship will minimise the financial cost on the Captains who are working to provide ride-hailing services to the masses during the pandemic.

Updated 05 Aug, 2020 08:05pm

Pakistan

Kashmiris facing brutalities of Modi govt with courage: Chohan

He said that India was hurting the sentiments of Muslims through its actions while in Pakistan all minorities were enjoying equal rights under the constitution of Pakistan.

Updated 05 Aug, 2020 07:58pm

Europe

'Wake-up week' for Greece as COVID-19 cases climb

Greece has so far recorded 209 COVID-19 deaths and over 4,800 infections.

Published 05 Aug, 2020 07:49pm

USA

Trump nominee for Ukraine says 'reasonable' to report interference

He also declined to promise not to meet former New York mayor Rudy Giuliani, who as Trump's lawyer was instrumental in efforts in Ukraine.

Published 05 Aug, 2020 07:48pm

World

Moderna prices COVID-19 vaccine at $32-$37 per dose for smaller volume deals

As the race to develop COVID-19 vaccines reach a decisive stage, pricing has come under increasing scrutiny

Published 05 Aug, 2020 07:45pm

Lebanon cabinet seeks house arrest for officials over blast: minister

We call on the military leadership to impose house arrest on all those who organised the storage of ammonium nitrate" at Beirut's port.

Published 05 Aug, 2020 07:40pm

Stocks

US stocks rise again on vaccine progress

That announcement came after Novavax announced positive clinical results of another vaccine candidate, boosting shares by more than 18 percent.

Updated 05 Aug, 2020 07:40pm

Pakistan

Nation completely rejected August 5 measures of India on IIOJK: Qureshi

He said the criticism of opposition was well received as it also wanted success of the Kashmir freedom movement.

Published 05 Aug, 2020 07:35pm

Pakistan

Committees formed to carry forward PM’s development vision in Balochistan

The minister constituted the committees while chairing a meeting to discuss various issues related to development work in the Balochistan province.

Updated 05 Aug, 2020 07:35pm

Currency

Ali Zaidi asks Secretary Ports and Shipping to check safety protocols at ports in wake of Beirut blasts

Minister says all safety protocols should be undertaken to avoid occurrence of any untoward incident

Updated 05 Aug, 2020 07:10pm

Pakistan

PM Imran Khan highlights Kashmir issue at all international forums: Governor Sindh

The governor said the presence of people from every walk of life reflected the passion, love and affection of Pakistani people towards our Kashmiri brethren.

Published 05 Aug, 2020 06:58pm

Pakistan

Pakistan earns US $ 1302mn from IT services' export

In addition the export of repair and maintenance services however witness decline of 72.04 percent from $5.207 million to $1.456 million.

Published 05 Aug, 2020 06:55pm

Pakistan

Gold price jumps Rs4800 to Rs128,700 per tola

Likewise the price of 10 gram gold also witnessed increase of Rs. 4116 and was trade at Rs. 110,340 against its sale at Rs. 106,224.

Published 05 Aug, 2020 06:52pm

Pakistan

Relentless struggle of Kashmiris will reap fruit of freedom: Haleem

He told that the train would stop at 4 other stations before concluding the march at Rohri railway station in Sukkur district.

Published 05 Aug, 2020 06:50pm

Pakistan

India must stop its inhuman aggression, immediately leave IIOJK: President

The president demanded that all the detained Kashmiri leadership, confined either inside their homes or jailed, should be immediately set free with political activities revived.

Published 05 Aug, 2020 06:49pm

Pakistan

ECNEC approves $6.806bn transformational railway project: Bajwa

The 1872 kilometer railway project from Peshawar to Karachi would include Havelian Dry Port and upgrading of Walton Academy, he tweeted.

Published 05 Aug, 2020 06:44pm

Pakistan

Zartaj Gul calls on CM, both condemned military siege in IIOJK

They appreciated inclusion of Occupied Jammu & Kashmir in the political map of Pakistan.

Published 05 Aug, 2020 06:42pm

Exchange

ECNEC approves $6.8bn Pakistan Railways ML-1 project

The ECNEC meeting was chaired by the Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh at the Cabinet Division, it added.

Published 05 Aug, 2020 06:39pm

Pakistan

Kashmir to be liberated soon: CM Sindh

This he said while addressing Kashmir Solidarity Rally at Seaview organized to mark the Kashmir Siege Day here.

Updated 05 Aug, 2020 06:39pm

Europe

'Urgent deployment' of rescuers to Beirut: EU

"We stand with Lebanon and its people and are ready to mobilise further help," he said.

Published 05 Aug, 2020 06:07pm

Europe

Croatia marks 25 years since war with tolerance message

While Zagreb celebrates the day as a victorious moment of liberation, Belgrade mourns the hundreds of ethnic Serbs who were killed and the more than 200,000 who fled Croatia in the aftermath.

Published 05 Aug, 2020 06:01pm

Stocks

Positive earnings reports lift European shares

Sectors considered most exposed to an economic downturn such as travel & leisure, mining, oil & gas and industrial companies led the morning surge in Europe.

Published 05 Aug, 2020 06:01pm

Money & Banking

Commerzbank Q2 beats expectations despite pandemic

Germany's second-largest lender said it set aside provisions of 131 million euros ($155 million) during the three months ending June over the impact of the coronavirus pandemic.

Published 05 Aug, 2020 06:00pm

Money & Banking

Thai central bank keeps key rate at record low on signs of gradual recovery

The BOT has cut its policy rate five times since August, including three this year, totalling 125 basis points to support the economy.

Published 05 Aug, 2020 05:59pm

World

Countries tighten measures as global virus death toll tops 700,000

Toulouse in southwest France announced that the wearing of face masks is compulsory in particularly busy streets and squares from Wednesday.

Published 05 Aug, 2020 05:56pm

Money & Banking

China central bank adviser says no need to step up monetary easing

China's economy could grow more than 4pc in the third quarter and over 6pc in the fourth quarter, bringing the 2020, growth to around 2pc, Ma was quoted by Sina Finance as saying.

Published 05 Aug, 2020 05:57pm

Business & Finance

Turkey auto sales surge 380pc in July after lockdown lifted

In the January-July period, sales rose 60.3pc year-on-year, the association also said.

Published 05 Aug, 2020 05:54pm

Middle East

Qatar sends field hospitals to Lebanon

Crews at Qatar's Al-Udeid airbase loaded collapsible beds, generators and burn sheets onto an Emiri Air Force C17 cargo plane, which subsequently took off for Lebanon.

Published 05 Aug, 2020 05:54pm

Forex

Ugandan shilling unchanged as offshore flows offer support

At 0828GMT commercial banks quoted the shilling at 3,683/3,693, same level as Tuesday's close.

Published 05 Aug, 2020 05:53pm

South Asia

Hong Kong reports 85 coronavirus cases as authorities battle third wave

Since late January, around 3,700 people have been infected in Hong Kong, 43 of whom have died. Wednesday's figure was up marginally from Tuesday's 80 cases.

Published 05 Aug, 2020 05:52pm

Business & Finance

Aeroflot delays reception of Airbus A350s over pandemic

The state-owned carrier, Russia's largest by far, took delivery in March of the first of 11 of the widebody passenger aircraft it had ordered from the European aerospace giant.

Published 05 Aug, 2020 05:50pm

Forex

Yuan finishes domestic trade near 5-month high, recoups 2020 losses

The onshore yuan ended its domestic trading session at 6.9530 per dollar, its strongest close since March 11.

Published 05 Aug, 2020 05:49pm

Coronavirus toll at 1100 GMT Wednesday

China -- excluding Hong Kong and Macau -- has to date declared 84,491 cases (27 new since Tuesday), including 4,634 deaths (0 new), and 79,047 recoveries.

Published 05 Aug, 2020 05:49pm

Stocks

Hong Kong stocks end higher on global stimulus, recovery hopes

The sub-index of the Hang Seng tracking energy shares rose 1.8pc, the TECH index rose 1.5pc, the financial sector added 0.1pc and the property sector rose 0.4pc.

Published 05 Aug, 2020 05:46pm

World

German-Chinese coronavirus vaccine trial begins in China

The vaccine candidate, known as BNT162b1, is one of four based on BioNTech's proprietary mRNA technology.

Published 05 Aug, 2020 05:46pm

Forex

Sterling nears 5-month high vs dollar amid impasse on US relief package

Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback.

Published 05 Aug, 2020 05:45pm

Exchange

Belarus vote threatens rupture in 'brotherly' ties with Russia

The strongman leader of ex-Soviet Belarus has accused "puppeteers" and "Telegram channels" with ties to Moscow of meddling in the August 9 elections in which he is expected to secure a sixth term.

Published 05 Aug, 2020 05:44pm

Commodities

France cuts wheat crop estimate to 29.7mn tonnes, down 25pc from last year

The reduced soft wheat production estimate reflected cuts to both the expected harvested area and the average yield.

Published 05 Aug, 2020 05:42pm

Europe

Macron to visit Beirut as France sends rescuers, equipment

The planes would also bring 25 tonnes of sanitary equipment and a mobile clinic equipped to treat 500 injured people.

Published 05 Aug, 2020 05:40pm

Commodities

After port blast, Lebanon has less than a month's grain reserves, says minister

"We are currently looking for storage areas," Nehme said, adding that Lebanon needed enough inventories to last at least three months to ensure its food security.

Published 05 Aug, 2020 05:39pm

Emergency aid heads to Lebanon as world offers support

The blast centred on the city's port caused massive destruction and killed more than 100 people, heaping misery on a country already in crisis.

Published 05 Aug, 2020 05:36pm

Europe

Czechs record biggest daily jump in coronavirus cases since end-June

The central European country of 10.7 million recorded 290 new cases on Tuesday, Health Ministry data showed, bringing the total number of cases detected to 17,286.

Published 05 Aug, 2020 05:37pm

Energy

UK GAS-Prompt prices rise as lower wind power forecast boosts demand

The day-ahead contract was up 0.65 pence at 16.40 p/ therm by 0921 GMT.

Published 05 Aug, 2020 05:35pm

Asia

More businesses in India re-open even as COVID-19 cases surge

India is one of the world's hardest-hit countries, with nearly 40,000 people dead of COVID-19, the disease caused by the coronavirus.

Updated 05 Aug, 2020 05:35pm

Asia

Bali sea turtles set free after poacher arrests

Marine officials carefully guided the giant reptiles as they thrashed their flippers in the sand to propel themselves toward the water.

Published 05 Aug, 2020 05:32pm

Europe

Scots govt reimposes Aberdeen lockdown after virus spike

Aberdeen, in northeast Scotland, saw 54 new virus cases in a 24-hour period to Wednesday, according to the devolved government in Edinburgh.

Published 05 Aug, 2020 05:30pm

Business & Finance

Italy threatens to ban Ryanair over coronavirus rule-breaking

It accused the Irish low-cost airline of "repeated violations of the COVID-19 health regulations currently in force and imposed by the Italian government to protect the health of passengers".

Published 05 Aug, 2020 05:29pm

World

Iran's Khamenei pardons, commutes sentences of thousands

Clemency was granted to convicts chosen by the judiciary for the Eid al-Adha and Eid al-Ghadir holidays.

Published 05 Aug, 2020 05:28pm

Pakistan

Ilma University gets distinguish UNAI membership

This impactful inclusion in the Academic Impact UNAI has diversified the University's outreach and elevated its status globally.

Published 05 Aug, 2020 04:47pm

Sports

Solskjaer says Europa League trophy could be stepping stone to top

Norwegian said winning the first piece of silverware under his leadership would be "massive".

Updated 05 Aug, 2020 04:47pm

Girl martyred, six injured as Indian troops initiate unprovoked firing along LoC

This year Indian soldiers committed 1,877 ceasefire violations in which 15 innocent civilians were martyred while 144 people got injured

Updated 05 Aug, 2020 04:43pm

Money & Banking

Despite COVID outbreak, State Bank’s NFLP surpasses all targets

SBP said that unique account ownership in the country has increased to 66 million with 60% active accounts by December 2019. The target of 50 percent of accounts has been accomplished well before the deadline of 2020.

Published 05 Aug, 2020 04:24pm

Modi made terrible mistake by revoking Kashmir's special status on August 5, PM tells AJK Assembly

Imran says Modi won the last elections by using Hindu card and provoking hatred for Muslims and Pakistan

Updated 05 Aug, 2020 04:07pm

Commodities

South Korea's NOFI buys about 69,000 T corn in tender

The tender had sought up to 276,000 tonnes for arrival in South Korea in December 2020 and January 2021, but only one of four consignments in the tender was purchased.

Published 05 Aug, 2020 03:51pm

World

France, Turkey, Gulf states among those aiding Beirut after blast

"We are providing assistance with one ambulance to transfer patients. We may provide help according to the needs of the hospital," he said.

Published 05 Aug, 2020 03:42pm

World

Worldwide coronavirus cases cross 18.61 million, death toll at 700,934

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

Published 05 Aug, 2020 03:41pm

Europe

WHO says N.Korea's COVID-19 test results for first suspected case 'inconclusive'

Some outside experts and US officials have cast doubts on North Korea's claim to have no coronavirus cases, but no cases have been independently confirmed.

Published 05 Aug, 2020 03:39pm

Financial

Greece sells 3-month T-bills, yield turns negative

The debt agency sold the new paper at a yield of -0.04pc, down from 0.01pc in a previous sale in July.

Published 05 Aug, 2020 03:36pm

Business & Finance

Oil prices at 5-month high on big drop in US crude stocks

Brent crude was up $1.03, or 2.3pc, at $45.46 a barrel by 0951 GMT, while West Texas Intermediate oil rose $1.03 cents, or 2.5pc, to $42.73 a barrel.

Published 05 Aug, 2020 03:34pm

Pakistan

All Ummat Muslima supports Kashmiris against Indian brutality: Maulana Fazlur Rehman

He said one year has passed to illegal curfew imposed by Indian troops but no action has been taken by any international human rights organization so far.

Published 05 Aug, 2020 03:29pm

Europe

Irish COVID-adjusted unemployment rate falls to 16.7pc in July

The unemployment rate, which stood at 4.8pc before the crisis, hit a record 28.8pc in April after 600,000 people claimed emergency payments.

Published 05 Aug, 2020 03:17pm

Industry

PIA completes alternative arrangements for resumption of UK flight operations

As per details, in order to facilitate passengers traveling to the UK, an agreement has been reached between PIA and the Portuguese airline, under which flights will be operated by a modern Airbus 330A aircraft with more than 300 seats.

Published 05 Aug, 2020 03:23pm

Sports

Pakistan, England teams pay tribute to Covid-19 victims

Worldwide, nearly 689,000 people out of 18 million have succumbed to the virus.

Published 05 Aug, 2020 02:57pm

Sports

Pakistan win toss, opt to bat against England

First five-day game is being played in Manchester.

Published 05 Aug, 2020 02:46pm

Pakistan

Punjab announces decision to reopen schools on September 15

Punjab Education Minister Dr Murad Raas said that September 15 is a tentative date depending on the coronavirus situation in Punjab.

Published 05 Aug, 2020 02:53pm

Business & Finance

Pakistan's demand for cleaner fuels to support Chinese markets

Domestic supply tightness, coupled with aging refineries that are unable to produce high grade fuel will push Pakistan to rely a lot more on imports, said the report.

Published 05 Aug, 2020 02:41pm

World

What is ammonium nitrate which is being blamed for blast in Beirut?

The Beirut explosion which shook the entire capital of Lebanon killed 100 people on Tuesday.

Published 05 Aug, 2020 02:25pm

Life & Style

Disney's live-action Mulan will skip theatres for an online-only release

Mulan had been scheduled to reach theaters in March but will be available to stream online in September.

Published 05 Aug, 2020 02:10pm

Sports

Champions League last-16 ties: How they stand

The Old Lady may be reliant on Cristiano Ronaldo's appetite for more European success.

Published 05 Aug, 2020 02:08pm

Sports

Roles reversed as Guardiola seeks to follow trail blazed by Zidane

Madrid travel to Manchester on Friday looking to overturn a 2-1 first-leg deficit from February.

Published 05 Aug, 2020 01:50pm

Sports

Front foot no-ball technology to debut during England, Pakistan Tests

The first Test begins in Manchester today.

Published 05 Aug, 2020 01:39pm

We stand with our Lebanese brethren: PM expresses sorrow at precious lives lost in blast

A powerful blast killed at least 100 people and injured nearly 4,000 on Tuesday.

Published 05 Aug, 2020 01:20pm

Pakistan

Youm-e-Istehsal: PM Khan vows to raise Kashmiri voices

“I will continue to be an ambassador for all Kashmiris whose voices India has tried to silence through its brutal illegal occupation of IIOJK,” said PM.

Published 05 Aug, 2020 12:06pm

Technology

Trump's bid for a piece of Microsoft-TikTok deal could spur legal action

Microsoft has said it is seeking to buy the assets of TikTok in North America, Australia and New Zealand. It has not disclosed how much it is willing to pay, though sources previously told Reuters that ByteDance executives value all of TikTok at more than $50 billion.

Published 05 Aug, 2020 10:32am

Business & Finance

China, U.S. to review trade deal, air other grievances on August 15: sources

The meeting plans were first reported by the Wall Street Journal. The U.S. Trade Representative’s office and the U.S. Treasury did not respond to requests for comment.

Published 05 Aug, 2020 10:29am

Companies

Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection

In July, Virgin Atlantic said it has agreed a rescue deal with shareholders and creditors worth 1.2 billion pounds ($1.57 billion) to secure its future beyond the coronavirus crisis.

Published 05 Aug, 2020 10:26am

Technology

U.S. coronavirus fraud losses near $100 million as COVID scams double

A report from the group, based on government data, highlighted the vast scope of a fast-growing criminal cottage industry - from phony stimulus-check offers to shopping scams and fake cures - preying on Americans already distressed by the pandemic and its economic fallout.

Published 05 Aug, 2020 10:24am

Business & Finance

U.S. pursues nearly $13 billion of claims in Purdue Pharma opioid probes, sources say

U.S. Justice Department officials outlined additional details of their ongoing investigations of the company, controlled by the wealthy Sackler family, in paperwork filed last week with a federal bankruptcy court in White Plains, N.Y., which has not yet become public, the people said.

Published 05 Aug, 2020 10:22am

Currency

Disinflationary trends

Since 1990s, with technological advancement and development of global value chains, global inflation is on a ...

Published 05 Aug, 2020 08:22am

BR Research

Knives out?

The surprising departure last week of two of the PM’s dozen+ “special assistants” has inspired multiple...

Published 05 Aug, 2020 08:22am

BR Research

Reopening schools in COVID19: no easy retort

Early this year, school gates around the world were closed as a means to curb the spread of COVID-19. Little was...

Published 05 Aug, 2020 08:21am

Currency

Cement: Ball in the court

The cement offtake is back. For the most part of last year, the industry suffered on the hands of subdued demand,...

Published 05 Aug, 2020 08:20am

Currency

Hafiz Limited

Hafiz Limited’s (PSX: HAFL) existence dates to pre-partition times. However, post the sub-continent partition and...

Published 05 Aug, 2020 08:19am

Pakistan

Illegal actions and crimes against Kashmiris: World community's help sought to hold India accountable

ISLAMABAD: The National Assembly Speaker, Asad Qaiser, has urged the international community to play its due role in...

Updated 05 Aug, 2020 03:25am

Pakistan

Ombudsman calls for report on cyber crimes against children

ISLAMABAD: The Federal Ombudsman, Syed Tahir Shahbaz, has asked the National Child Commissioner (NCC), Ejaz Ahmed...

Updated 05 Aug, 2020 03:24am

Pakistan

Indian siege of IOK not to conquer aspirations of Kashmiris: Bilawal

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari Tuesday said that the Indian siege of held...

Updated 05 Aug, 2020 03:23am

Pakistan

Thatta water supply reference: Indictment of Zardari, others deferred again

ISLAMABAD: The Accountability Court hearing multi-billion rupees fake bank accounts case on Tuesday again deferred...

Updated 05 Aug, 2020 03:23am

Currency

Weak dollar no boon for emerging markets this time

ARTICLE: Typically a boon for emerging markets, this year's plunge in the U.S. dollar may fail to boost the...

Updated 05 Aug, 2020 03:22am

Pakistan

Animals' deaths at zoo: IHC seeks complete investigation

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday directed the authorities to complete investigation into recent...

Updated 05 Aug, 2020 03:22am

Pakistan

Number of positive cases significantly reduces in capital

ISLAMABAD: The number of confirmed coronavirus positive cases has significantly reduced in the federal capital, and...

Updated 05 Aug, 2020 03:22am

Rain forecast: KE identifies 451 dangerous locations

KARACHI: In view of the Pakistan Meteorological Department (Met) forecast for a new spell of rain and urban ...

Published 05 Aug, 2020 03:00am

Opinion

Kashmir, where our heart is

SYED NASIR HUSSAIN SHAH (Information Minister Sindh) ARTICLE: The Indian aggression in Kashmir has been going on ...

Published 05 Aug, 2020 03:00am

COAS interacts with senior serving, retired army officers at Corps HQs Lahore

LAHORE: Chief of Army Staff (COAS) General Qamar Javed Bajwa met senior serving and retired military officers to...

Published 05 Aug, 2020 03:00am

IS jihadists on the run after Afghan prison raid

JALALABAD: Afghan authorities were searching Tuesday for about 270 inmates - most of them Islamic State fighters -...

Published 05 Aug, 2020 03:00am

Pakistan rejects India's objection

ISLAMABAD: Pakistan on Tuesday categorically rejected Indian assertion with regard to the new political map, saying...

Published 05 Aug, 2020 03:00am

President to attend Senate session

ISLAMABAD: President Dr Arif Alvi is going to attend an all important Senate session on Kashmir issue on the special...

Published 05 Aug, 2020 03:00am

FBR chief holds online meeting with IMF officials

ISLAMABAD: The Federal Board of Revenue's (FBR) new team headed by FBR Chairman Javed Ghani held 'an introductory...

Published 05 Aug, 2020 03:00am

Pakistan

Rain forecast: K-Electric identifies 451 dangerous locations

KARACHI: In view of the Pakistan Meteorological Department (Met) forecast for a new spell of rain and urban ...

Published 05 Aug, 2020 03:00am

Pakistan

Additional info on India's HR violations: Qureshi again writes letter to UNSC president

ISLAMABAD: In the wake of one year of India's illegal and unilateral measures of 5 August 2019 in the Indian...

Published 05 Aug, 2020 03:00am

USA

New York takes flood measures as storm pounds US East Coast

WILMINGTON: Tropical storm Isaias pounded the US eastern seaboard with driving rain and strong winds on Tuesday,...

Published 05 Aug, 2020 03:00am

Pakistan

'Youm-e-Istehsal' today

LAHORE: The Pakistani nation is observing "Youm-e-Istehsal" on Wednesday (today) to mark the first anniversary of...

Published 05 Aug, 2020 03:00am

USA

US announces clinical trial of antibody treatment for Covid-19

WASHINGTON: The US has begun late stage clinical trials into a drug formulated to fight Covid-19, officials said...

Published 05 Aug, 2020 03:00am

Pakistan

World War III may ensue if Kashmir issue is not resolved, says PSP chief

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal on Tuesday said that self-determination is a fundamental...

Published 05 Aug, 2020 03:00am

Europe

Scientists find way to track space junk in daylight

PARIS: Scientists said Tuesday they had discovered a way to detect space debris even in daylight hours, potentially...

Published 05 Aug, 2020 03:00am

Pakistan

Cancellation of leave of all essential services staff ordered: NDMA cleaning only three KMC storm water drains: Murad

HYDERABAD: Sindh Chief Minister Syed Murad Ali Shah has said that out of 38 storm water drains of Karachi...

Published 05 Aug, 2020 03:00am

Pakistan

New spell of monsoon rain: Mayor puts depts on high alert

KARACHI: Mayor Karachi Wasim Akhtar on Tuesday put all concerned departments of Karachi Metropolitan Corporation...

Published 05 Aug, 2020 03:00am

Pakistan

Death of a child due to electrocution: SC upholds SHC verdict against sessions court order

KARACHI: The Supreme Court (SC) on Tuesday upheld the verdict of the Sindh High Court (SHC) which turned down the...

Published 05 Aug, 2020 03:00am

Pakistan

Minister orders strict monitoring of flour mills

LAHORE: Punjab Minister for Food Abdul Aleem Khan has directed the district officers of the food department across...

Published 05 Aug, 2020 03:00am

World

All member states ratify UN child labour convention

GENEVA: Every member state has ratified a United Nations convention banning the worst forms of child labour, the UN...

Published 05 Aug, 2020 03:00am

Asia

Malaysia ditches law to combat forest fire smog

KUALA LUMPUR: Malaysia was criticised Tuesday for abandoning plans to introduce legislation that would have punished...

Published 05 Aug, 2020 03:00am

Europe

France could lose control of virus spread: science council

PARIS": France could "at any moment" lose control over the spread of the coronavirus, the government's Covid-19...

Published 05 Aug, 2020 03:00am

Europe

Spain's scandal-hit former king flees into exile

MADRID: Spain's former king Juan Carlos, at the centre of an alleged $100-million corruption scandal, has reportedly...

Published 05 Aug, 2020 03:00am

Industry

Pizza Express to cut 1,100 jobs

LONDON: Restaurant chain Pizza Express said on Tuesday it could cut 1,100 jobs and close around 67 pizzerias in...

Published 05 Aug, 2020 03:00am

Industry

UK urges firms to stockpile medicines before Brexit

LONDON: The UK government has urged medicine suppliers to build up stockpiles to prepare for possible border...

Published 05 Aug, 2020 03:00am

Pakistan

Tribute paid to over 7,000 martyrs of police department

LAHORE: Like other parts of the country, the Police Martyrs Day 2020 was observed in the provincial capital on...

Published 05 Aug, 2020 03:00am

Industry

Cement despatches surge by 37.8 percent in July 2020

LAHORE: The new financial year has started with a positive note for the cement sector as despatches by the industry...

Published 05 Aug, 2020 03:00am

Money & Banking

France suspends Morgan Stanley as bond dealer

PARIS: Regulators in France have suspended US investment bank Morgan Stanley from acting as a primary dealer in...

Published 05 Aug, 2020 03:00am

Exchange

Argentina secures deal on 'impossible' debt

BUENOS AIRES: Recession-hit Argentina announced on Tuesday it has reached an agreement with three major creditors...

Published 05 Aug, 2020 03:00am

Business & Finance

CM tells chambers' teams: Economic issues top priority of government

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has said that resolution of the issues being faced by the business...

Published 05 Aug, 2020 03:00am

Taxes

RTO Karachi surpasses revenue target for July

KARACHI: The Regional Tax Office Karachi has surpassed its revenue target for the month of July 2020 12.50 percent ...

Published 05 Aug, 2020 03:00am

Taxes

Filing of simplified salary return form: FBR will soon release video tutorial

ISLAMABAD: The Federal Board of Revenue (FBR) will soon release a video tutorial for filing of simplified salary...

Published 05 Aug, 2020 03:00am

Taxes

FBR processing cases of 30 tax officials for retirement

ISLAMABAD: The Federal Board of Revenue (FBR) is processing cases of 30 tax officials for retirement under the Civil...

Published 05 Aug, 2020 03:00am

Cotton

July exports post 5.8 percent growth YoY

ISLAMABAD: The country's exports have posted 5.8 percent growth in July 2020-21 to $ 1.998 billion as compared to $...

Published 05 Aug, 2020 03:00am

Pakistan

CM for effective drive against price hike, hoarding

LAHORE: Chief Minister Punjab Sardar Usman Buzdar has directed to run an effective campaign against artificial...

Published 05 Aug, 2020 03:00am

Technology

Content moderation: PTA to get into suitable arrangement with Twitter, Gmail

ISLAMABAD: Pakistan Telecommunication Authority (PTA) is striving to get into a suitable arrangement with Twitter ...

Published 05 Aug, 2020 03:00am

Life & Style

Aaj TV - Wednesday'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 05 Aug, 2020 03:00am

LNG Regasification Terminals: Unutilized capacity of government to be auctioned

ISLAMABAD: The government has decided, in principle, to auction unutilized capacity of government in LNG...

Published 05 Aug, 2020 03:00am

Hike in POL products' prices: FBR estimates Rs4bn more revenue this month

ISLAMABAD: The Federal Board of Revenue (FBR) has estimated additional revenue of Rs 3-4 billion in August 2020 as a...

Published 05 Aug, 2020 03:00am

World

Pompeo offers US help to Lebanon after 'horrible tragedy'

Pompeo said our team in Beirut has reported to me the extensive damage to a city.

Published 05 Aug, 2020 03:03am

Two huge Beirut explosions kill 27, wound thousands

BEIRUT: Two enormous explosions rocked Beirut's port on Tuesday, killing at least 27 people and wounding thousands,...

Published 05 Aug, 2020 03:00am

Gold triumphs record $2,000/oz peak on US stimulus bets

NEW YORK: Gold prices soared past the key $2,000 mark for the first time in history on Tuesday, as the ultra-low...

Published 05 Aug, 2020 03:00am

Cabinet told: Exports suffer dearly in Q4FY20 due to Covid-19

ISLAMABAD: The Federal Cabinet was informed that Pakistan's exports suffered dearly during the last quarters of...

Published 05 Aug, 2020 03:00am

Gold prices surge to all-time high

KARACHI: Gold on Tuesday surged to all time high of Rs 123,900 per tola, up by Rs 400 on the local market, traders...

Published 05 Aug, 2020 03:00am

Import of sugar: ECC decides to take law ministry on board

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to take Law Ministry on board on...

Published 05 Aug, 2020 03:00am

USA

US announces clinical trial of antibody treatment for COVID-19

The new drug is also being tested on people with mild to moderate symptoms of COVID-19.

Published 05 Aug, 2020 02:59am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (August 4, 2020) and the forecast for Wednesday (August 5, 2020)....

Published 05 Aug, 2020 03:00am

Pakistan

Insurance compensation: Heirs of PIA plane crash victims to get Rs 10 million per passenger

KARACHI: In an unprecedented move, PIA was able to convince the insurance company to pay an amount of Rs 10 million...

Published 05 Aug, 2020 03:00am

Pakistan

Special status of IOK: Speakers urge government to consult ICJ against Indian step

ISLAMABAD: Speakers at a National Kashmir Consultative Conference have stressed upon the government to consult the...

Published 05 Aug, 2020 03:00am

Pakistan

Dual nationality case: Vawda seeks dismissal of petitions against him

ISLAMABAD: Federal Minister for Water Resources Faisal Vawda sought the dismissal of petitions against him in the...

Published 05 Aug, 2020 03:00am

Technology

Zara Larsson ends collaboration with Huawei

STOCKHOLM: Swedish singer Zara Larsson said Tuesday that she had ended her collaboration with China's Huawei to...

Published 05 Aug, 2020 03:00am

Europe

Germany lifts travel warning for four Turkish regions

BERLIN: Germany lifted its travel warning for several coastal regions of Turkey on Tuesday, ceding partially to ...

Published 05 Aug, 2020 03:00am

Technology

EU launches 'in-depth' probe of Google bid for Fitbit

BRUSSELS: The European Commission launched an "in-depth investigation" on Tuesday into whether US tech giant ...

Published 05 Aug, 2020 03:00am

Currency

State Bank of Pakistan conversion rates

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

Published 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

Forex

Exchange rates: buying and selling

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

Published 05 Aug, 2020 03:00am

Forex

Currency notes: exchange rates

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

Published 05 Aug, 2020 03:00am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (August 4,...

Published 05 Aug, 2020 03:00am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (August 4, 2020). ========================== KIBOR...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price 1,378.3818...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Tuesday (August 4, 2020). ======================== Offer Price...

Published 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

Exchange

Proposed right issues

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

Published 05 Aug, 2020 03:00am

Exchange

Dividend/Bonus Announcements

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

Published 05 Aug, 2020 03:00am

Exchange

Board meetings in progress

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

Published 05 Aug, 2020 03:00am

Exchange

BOARD MEETINGS

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

Published 05 Aug, 2020 03:00am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (August 4, 2020). ==================================== BR...

Published 05 Aug, 2020 03:00am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 05 Aug, 2020 03:00am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Tuesday (August 4, 2020)...

Published 05 Aug, 2020 03:00am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Currency

THE RUPEE: Overall loss

KARACHI: On Tuesday, Pakistan Rupee fell against USD in both interbank and open markets. In the open market, its...

Published 05 Aug, 2020 03:00am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (August 4, 2020). ======================================= Offset...

Published 05 Aug, 2020 03:00am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 4, 2020)...

Published 05 Aug, 2020 03:00am

Exchange

LME official prices

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

Published 05 Aug, 2020 03:00am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Stocks

Gong ceremony to mark first listing of 2020 of TOMCL held at PSX

KARACHI: A gong ceremony to mark the first listing of the year 2020 of The Organic Meat Company Limited (TOMCL) was...

Published 05 Aug, 2020 03:00am

Grains

Prices of essential kitchen items witness manifold increase from 2018 to 2020

ISLAMABAD: Prices of essential kitchen items especially wheat flour, sugar, pulses, spices, ghee/cooking oil, rice,...

Published 05 Aug, 2020 03:00am

Opinion

Partly Facetious: IK does what US Presidents do

ARTICLE: "Naya Pakistan is with us." "I agree this is the New Pakistan. Can you guess why I reckon we live in Naya...

Published 05 Aug, 2020 03:00am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 120,717 tonnes of cargo comprising 87,912 tonnes of import cargo and 32,805 tonnes...

Published 05 Aug, 2020 03:00am

Stocks

FTSE 100 flat on mixed earnings

LONDON: London's blue-chip FTSE 100 ended flat on Tuesday as mixed earnings and rising friction between the United...

Published 05 Aug, 2020 03:00am

Stocks

Australian, NZ shares rise

SYDNEY: Australian shares rose on Tuesday by their most in two weeks, as a tech-led overnight rally on Wall Street...

Published 05 Aug, 2020 03:00am

Stocks

Kuwaiti and Egyptian shares up

DUBAI: Stock markets in Kuwait and Egypt rose on Tuesday as trading resumed after Eid holidays, while the Dubai...

Published 05 Aug, 2020 03:00am

Stocks

Nasdaq hits record high

NEW YORK: The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including...

Published 05 Aug, 2020 03:00am

Stocks

Tuesday's early afternoon trade: S&P, Dow drift higher

NEW YORK: The S&P 500 and Dow crept higher on Tuesday as investors held out for more US government stimulus, but...

Published 05 Aug, 2020 03:00am

Stocks

China stocks jump

SHANGHAI: China stocks ended higher on Tuesday, underpinned by strong gains in banks as investors cheered Beijing's...

Published 05 Aug, 2020 03:00am

Stocks

European stocks flat

MILAN: A surge in BP shares after it laid out plans to cut its oil and gas output and boost investments in renewable...

Published 05 Aug, 2020 03:00am

Stocks

Nikkei moves up

TOKYO: Japanese shares ended higher on Tuesday as investor sentiment was lifted by a tech-led overnight rally on ...

Published 05 Aug, 2020 03:00am

Stocks

Hong Kong shares rebound

HONG KONG: Hong Kong stocks snapped a three-session losing streak and ended higher on Tuesday, led by strong gains ...

Published 05 Aug, 2020 03:00am

Grains

Coffee rallies on concern over tightening supplies

NEW YORK: ICE coffee futures in New York and London rallied on Tuesday, driven by worries over tightening supplies ...

Published 05 Aug, 2020 03:00am

Exchange

Double trouble?

ARTICLE: Oil prices are tumbling not because of supply glut but because its demand is plummeting. There is virtually...

Published 05 Aug, 2020 03:00am

Opinion

Freedom of speech

ARTICLE: 'If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter,'...

Published 05 Aug, 2020 03:00am

Letters

'BLM and us'

LETTER: This is apropos a Business Recorder op-ed "BLM and us" carried by the newspaper yesterday. The writer, ...

Published 05 Aug, 2020 03:00am

Exchange

PSX, BRIndex100 on slippage motion

KARACHI: Despite foreign buying, Pakistan Stock Exchange on Tuesday closed on negative note as the local investors...

Published 05 Aug, 2020 03:00am

Grains

TCP all set to import sugar and wheat

KARACHI: The Trading Corporation of Pakistan (TCP) is all set to initiate the import of sugar and wheat for domestic...

Published 05 Aug, 2020 03:00am

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 05 Aug, 2020 03:00am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (August 4, 2020). ======================== Bid Rate Rs...

Published 05 Aug, 2020 03:00am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 05 Aug, 2020 03:00am

Energy

Reon energises business growth with Oracle Cloud

KARACHI: Reon Energy Limited has gone live with Oracle Fusion Cloud Enterprise Resource Planning (ERP) to simplify...

Published 05 Aug, 2020 03:00am

Energy

BP plunges into $16.8 billion quarterly loss

LONDON: BP plunged into a quarterly net loss of almost $16.85 billion as the coronavirus pandemic ravaged oil demand...

Published 05 Aug, 2020 03:00am

Commodities

European wheat ends flat in lack of fresh news

PARIS: European wheat ended the month nearly flat, with a lack of fresh news to justify a clear move in any...

Published 05 Aug, 2020 03:00am

Commodities

CBOT wheat futures modestly higher

CHICAGO: Chicago Board of Trade wheat futures closed modestly higher on Friday in largely technical trade as traders...

Published 05 Aug, 2020 03:00am

Cotton & Textile

Cotton spot rate rises by Rs 100 to Rs 8200

LAHORE: The Spot Rate Committee of the Karachi Cotton Association on Tuesday has increased the spot rate by Rs 100...

Published 05 Aug, 2020 03:00am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 4, 2020)....

Published 05 Aug, 2020 03:00am

Commodities

Dalian iron ore futures higher on China's demand

MANILA: Dalian iron ore futures closed higher on Friday, marking their fifth straight monthly gain, as accelerating...

Published 05 Aug, 2020 03:00am

Energy

European gasoline margins rise

LONDON: Northwest European gasoline refining margins rose on Friday after edging lower in the previous session as...

Published 05 Aug, 2020 03:00am

Energy

US natural gas futures slip on cooling demand falls

NEW YORK: US natural gas futures slipped almost 2% on Friday on forecasts the weather will moderate and...

Published 05 Aug, 2020 03:00am

Commodities

PMEX daily trading report

KARACHI: On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,831. The traded value ...

Published 05 Aug, 2020 03:00am

Commodities

Brazil's soyabean crop to hit record harvest

SAO PAULO: Brazilian soya production will hit a record 132.6 million tonnes next season, as demand from China ...

Published 05 Aug, 2020 03:00am

Commodities

Canadian canola futures rise

WINNIPEG: ICE Canadian canola futures rose on Friday to a fresh 21-month high, helped by technical buying and export...

Published 05 Aug, 2020 03:00am

Cotton & Textile

IAF, PRGMEA urge government to exempt cotton yarn from taxes, duties

SIALKOT: The Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade...

Published 05 Aug, 2020 03:00am

Commodities

Malaysian palm oil rises

KUALA LUMPUR: Malaysian palm oil futures tracked rise in Dalian palm and rival soyaoil to climb more than 1% on...

Published 05 Aug, 2020 03:00am

Commodities

Tokyo rubber climbs

TOKYO: Japanese rubber futures ended at a five-month high on Tuesday as upbeat factory data from major economies...

Published 05 Aug, 2020 03:00am

Cotton & Textile

Cotton hits 3-week peak

NEW YORK: ICE cotton futures climbed to a three-week high on Tuesday, as worries about the quality of natural fiber...

Published 05 Aug, 2020 03:00am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 05 Aug, 2020 03:00am

Energy

Oil edges up to highest since March on hopes for US stimulus

NEW YORK: Brent oil futures on Tuesday closed at their highest since early March on hopes the United States is ...

Published 05 Aug, 2020 03:00am

Commodities

Aluminium leaps to highest since January

LONDON: Aluminium prices rose to their highest since January on Tuesday as strong factory data, a resurgent auto...

Published 05 Aug, 2020 03:00am

Currency

Power projects: think long-term

EDITORIAL: The government is attempting to address conflicting challenges of negotiating with Independent Power...

Published 05 Aug, 2020 03:00am

Exchange

Currency	Rate
USD PKR Interbank Selling / Jul 6	278.31
USD PKR Interbank Buying / Jul 6	278.11
USD to Japanese Yen / Jul 6	162.07
USD to Swiss Franc / Jul 6	0.80
Pound Sterling to USD / Jul 6	1.34
Euro to USD / Jul 6	1.14
SOFR % / Jul 6	3.66

Stock	Volume
S&P 500 / Jul 6	7,537.43
India Sensex / Jul 6	78,285.07
Tokyo Nikkei / Jul 6	69,737.69
Nasdaq / Jul 6	26,121.16
Hang Seng / Jul 6	23,616.32
FTSE 100 / Jul 6	10,651.77
Dow Jones / Jul 6	53,055.91
Germany DAX 30 / Jul 6	25,817.89
France CAC40 / Jul 6	8,479.87

Item	Value
Crude Oil USD/Barrel / Jul 6	68.72
Karachi Cotton PKR/37.32 KG / Jul 6	17,880
Gold 10 Grams PKR / Jul 6	375,030
Gold Spot USD/Ounce / Jul 6	4,164.18
Cotton US¢/pound / Jul 6	78.30
Petrol/Litre / Jul 7	297.53
Diesel/Litre / Jul 7	309.50

Stock	Price
Tariq Corp. (R) / Jul 6 Tariq Corporation Limited(Right)(TCORPR2)	5.42 ▲ 1 (22.62%)
Premier Insurance / Jul 6 Premier Insurance Limited(PINL)	10.51 ▲ 1 (10.52%)
Habib Insurance / Jul 6 Habib Insurance Company Limited(HICL)	11.50 ▲ 1.05 (10.05%)
Tri-Star Power / Jul 6 Tri-Star Power Limited(TSPL)	18.12 ▲ 1.65 (10.02%)
Aruj Industries / Jul 6 Aruj Industries Limited(ARUJ)	11.54 ▲ 1.05 (10.01%)
Cordoba Logistics / Jul 6 Cordoba Logistics & Ventures Limited(CLVL)	22.41 ▲ 2.04 (10.01%)
Dewan Farooque Sp. / Jul 6 Dewan Farooque Spinning Mills Limited(DFSM)	32.87 ▲ 2.99 (10.01%)
Leather Up Ltd. / Jul 6 Leather Up Limited(LEUL)	44.83 ▲ 4.08 (10.01%)
Pak Gen.Ins. / Jul 6 The Pakistan General Insurance Co. Ltd.(PKGI)	19.68 ▲ 1.79 (10.01%)
Ansari Sug. / Jul 6 Ansari Sugar Mills Limited(ANSM)	34.43 ▲ 3.13 (10%)

Stock	Price
Pakistan Credit Rating Agency / Jul 6 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	44.02 ▼ -4.89 (-10%)
First Fid. Leasing / Jul 6 First Fidelity Leasing Modaraba(FFLM)	21.63 ▼ -2.4 (-9.99%)
Tri-Star Mutual / Jul 6 Tri-Star Mutual Fund Limited(TSMF)	18.05 ▼ -1.97 (-9.84%)
Pak Agro Pack. (GEM) / Jul 6 Pak Agro Packaging Limited (GEM)(GEMPAPL)	12.02 ▼ -1.23 (-9.28%)
HBL Total Tre. ETF / Jul 6 HBL Total Treasury ETF(HBLTETF)	104.67 ▼ -8.9 (-7.84%)
Asim Textile / Jul 6 Asim Textile Mills Limited(ASTM)	25.43 ▼ -2.09 (-7.59%)
Paramount Mod / Jul 6 First Paramount Modaraba(FPRM)	14.82 ▼ -1.17 (-7.32%)
Dewan Textile / Jul 6 Dewan Textile Mills Limited(DWTM)	11.23 ▼ -0.87 (-7.19%)
Kohat Textile / Jul 6 Kohat Textile Mills Limited(KOHTM)	151.23 ▼ -11.49 (-7.06%)
Redco Textile / Jul 6 Redco Textiles Limited(REDCO)	32.85 ▼ -2.24 (-6.38%)

Stock	Volume
TPL Properties / Jul 6 TPL Properties Limited(TPLP)	66,770,551 ▲ 0.9
Lotte Chemical / Jul 6 Lotte Chemical Pakistan Limited(LOTCHEM)	42,069,179 ▲ 1.18
TPL REIT Fund I / Jul 6 TPL REIT Fund I(TPLRF1)	36,545,201 ▼ -0.09
Cnergyico PK / Jul 6 Cnergyico PK Limited(CNERGY)	28,865,720 ▲ 0.18
B.O.Punjab / Jul 6 The Bank of Punjab(BOP)	28,228,777 ▲ 0.28
Ghani Chem. Ind. / Jul 6 Ghani Chemical Industries Limited(GCIL)	27,957,329 ▲ 0.84
Sitara Petroleum Service / Jul 6 Sitara Petroleum Service Limited(SPSL)	26,304,562 ▼ -0.01
Pak Elektron / Jul 6 Pak Elektron Limited(PAEL)	22,354,525 ▲ 1.33
Maple Leaf Cement / Jul 6 Maple Leaf Cement Factory Limited(MLCF)	19,843,892 ▲ 2.34
TPL Corp Ltd / Jul 6 TPL Corp Limited(TPL)	18,767,081 ▲ 0.36