News Archives for Latest - 2020-08-06

Pakistan

PIA announces 14pc discount on domestic flights on Jashne Azadi

The Jashne Azadi offer is announced in order to celebrate the 73rd Independence Day of Pakistan, said a spokesperson of the National Flag Carrier.

Published 06 Aug, 2020 09:11pm

Pakistan

Law Minister seeks tight security during Muharram

He said that special care should be taken of coronavirus SOPs in Muharram gatherings and processions.

Published 06 Aug, 2020 09:09pm

Sports

Shan leads Pakistan to 326 against England

Left-hander scored 156 with the help of 18 boundaries and two maximums.

Updated 06 Aug, 2020 09:09pm

Pakistan

Tiger Force volunteers passion commendable: Shibli

He said volunteers of Tiger Force were providing invaluable services in an epidemic situation without any remuneration.

Published 06 Aug, 2020 09:08pm

Middle East

Turkey's foreign minister visits Libya

"Even if there is no officially declared ceasefire, calm reigns on the ground" for now, Cavusoglu told reporters after the meeting.

Published 06 Aug, 2020 09:04pm

Stocks

US stocks flat as Washington talks drag on

The broad-based S&P 500 was unchanged at 3,327.80, while the tech-rich Nasdaq Composite Index shed 0.1 percent to 10,992.82.

Published 06 Aug, 2020 09:03pm

Middle East

Iran says US, Israel are nuclear 'threat' to region

"75 years ago today, the US gained the infamy of becoming the 1st and ONLY user of nuclear weapons. And against innocents," Zarif said.

Published 06 Aug, 2020 09:02pm

Europe

Macron's moment amid cheering crowds in devastated Beirut

Under the nervous gaze of his suited bodyguards, Macron hugged her in a prolonged embrace that triggered wild cheers from the crowd.

Published 06 Aug, 2020 08:57pm

USA

Trump says will block evictions of American renters

This is in response to continued failure by his Republican party and the Democrats in Congress to come up with a new overall aid package.

Published 06 Aug, 2020 08:53pm

Pakistan

Gold price jumps Rs800 to Rs129,500 per tola

The gold prices in the international market increased by Rs. 9 and was traded at $2050 against $2041 on Thursday, the association reported.

Published 06 Aug, 2020 08:51pm

Global recovery will come faster if coronavirus vaccine available to all, says WHO chief

Tedros says Trump administration's recent withdrawal from the WHO was not over money but rather the U.S. relationship with the U.N. agency

Published 06 Aug, 2020 08:48pm

USA

US jobless claims dip in latest week to 1.19mn: govt

However, the four-week average for initial unemployment claims was barely changed at 1.33 million in the week ended August 1, the report said.

Published 06 Aug, 2020 08:49pm

Europe

Unemployment in virus-hit Brazil reaches 13.3pc, worst in 3 years: official

The institute said 12.8 million people are looking for work in Latin America's biggest economy.

Published 06 Aug, 2020 08:37pm

Pakistan

No compromise on provision of flour at subsidised rate: Aleem

He said that 20-kg flour bag should be available for Rs 860 to people in the market at all costs.

Published 06 Aug, 2020 08:35pm

Pakistan

LHC bans use of polythene bags at mega stores in Gujranwala, Faisalabad

The court directed the Environment Protection Department to ensure implementation of its orders in letter and spirit, besides seeking a report.

Published 06 Aug, 2020 08:19pm

CCI approves Alternative and Renewable Energy Policy 2019

Officials say data regarding gas production, consumption and transmission from various provinces suggests the country would face major gas shortage by winter 2021-2022

Published 06 Aug, 2020 08:29pm

Pakistan

Urban flood likely in Karachi, Hyderabad on Friday, Saturday: FFD

The rivers discharge situation continues to be normal with no flood in any of the rivers of Indus River System.

Published 06 Aug, 2020 08:15pm

Pakistan

Country to see highest ever growth of renewable energy: Asad Umar

“After starting historic development of hydel resources by PTI government, now we will see highest ever growth of other renewable energy,” he added.

Published 06 Aug, 2020 08:14pm

Pakistan

CM directs action over increased sugar, flour prices

He has also directed to improve the supply of sugar and flour along with availability in open markets at fixed rates.

Published 06 Aug, 2020 08:12pm

Pakistan

CM for effective measures to tackle possible flood

He said the Irrigation department should chalk out its strategies in an organized manner and implement flood-related SOPs, stated official spokesperson.

Published 06 Aug, 2020 08:08pm

Pakistan

SAPM, Provincial Minister meet CM Punjab

The government and people of Pakistan would continue to stand with the Kashmiris, the CM added.

Updated 06 Aug, 2020 08:07pm

Sports

Records tumble as Shan hits ton against England

He struck 13 boundaries to get to the three figures and make way into records books on day-two here in Manchester.

Updated 06 Aug, 2020 07:12pm

Pakistan

Rubber Tyres, Tubes imports reduced by 22.56 per cent in FY 2019-20

During the period under review, Jute imports also came down by 12.92pc, valuing $30,794 thousand imported as compared the imports worth $35,364 thousand of same period of last year.

Published 06 Aug, 2020 06:46pm

Pakistan

Govt's subsidy on wheat to facilitate masses: Aleem Khan

He was presiding over a high-level meeting at the conference room of Commissioner Office here today.

Published 06 Aug, 2020 06:31pm

Cotton

President stresses shifting to value-added exports for revenue growth

The president mentioned five levels from raw cotton to branded apparel, which he said ensured surprising jump in profit with final outcome.

Published 06 Aug, 2020 06:29pm

Pakistan

More wind-thundershowers likely to start from Aug 6-8

The water also accumulated at many streets after the rainfall that caused traffic jams.

Published 06 Aug, 2020 06:28pm

Pakistan

SBP injects Rs. 20 billion into money market

The rate of return accepted is 6.89 percent per annum, said SBP release.

Published 06 Aug, 2020 06:14pm

Exchange

Rupee gains 09 paisas against dollar

The State Bank of Pakistan reported that in interbank, the price of euro appreciated by 70 paisas to close at Rs. 199.35 against the last day’s trading of Rs. 198.65.

Published 06 Aug, 2020 06:12pm

Forex

South Africa's rand weaker in tentative trade

The rand has failed to benefit from the dollar's decline, though, crashing to its lowest level since early June, with investors sitting on the fence.

Published 06 Aug, 2020 06:00pm

Commodities

CBOT wheat may test support at $5.01-1/4

The support is identified as the 123.6pc projection level of a downward wave c from $5.44.

Published 06 Aug, 2020 05:50pm

Financial

German Bund yield holds near one-week high

The 10-year Bund yield touched -0.49pc in early trade, its highest level in about a week.

Published 06 Aug, 2020 05:40pm

Stocks

Major Gulf indexes rise as financial stocks gain

Saudi Arabia's benchmark index gained 0.5pc, driven by a 1pc increase in Al Rajhi Bank and a 2.4pc rise in Samba Financial Group.

Published 06 Aug, 2020 05:38pm

Stocks

Shanghai share index closes higher for fifth day on financials boost

At the close, the Shanghai Composite index was up 0.26pc at 3,386.46, ending higher for a fifth straight day.

Published 06 Aug, 2020 05:35pm

Forex

Kenyan shilling holds steady, portfolio inflows watched

At 0738 GMT, commercial banks quoted the shilling at 107.85/108.05, barely changed from Wednesday's close of 107.90/108.10.

Published 06 Aug, 2020 05:33pm

Business & Finance

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

Toyota reiterated its annual operating profit forecast of 500 billion yen, its weakest in nine years, arguing that the coronavirus could still hurt its brighter sales outlook.

Published 06 Aug, 2020 05:18pm

Forex

Dollar gains as appetite for risk subsides

Euro-dollar reached a two-year high of $1.1916 towards the end of the Asian session, then slipped back to $1.1876.

Published 06 Aug, 2020 05:15pm

Commodities

NY coffee may fall into $1.1845-$1.1990 range

A long-shadowed shooting star formed on Wednesday. It indicates a further drop from the current level.

Published 06 Aug, 2020 04:57pm

Europe

German diplomat killed in Beirut blast

The news "confirmed our worst fears", the foreign minister said.

Published 06 Aug, 2020 05:06pm

Europe

Greece begins migrant repatriation flights

The deadline can be extended by another month to make up the required number in the event of a low turnout, the migration ministry has said.

Published 06 Aug, 2020 05:05pm

Business & Finance

Saudi chemical giant SABIC loss tops $590mn on low sales

It attributed the losses to a lower average price and sales volume, mainly due to the impact of the coronavirus pandemic.

Published 06 Aug, 2020 04:59pm

Europe

MPs in LGBT flag protest against Polish president

The MPs, including from the leftist Razem party, wore bright colours and rainbow face masks in contrast to the more sober attire worn by other lawmakers at the event.

Published 06 Aug, 2020 04:55pm

Educational institutions to reopen from September 15 across country, says Umar

Minister says government has decided to open restaurants and tourists spots from August 8 and 10 respectively

Updated 06 Aug, 2020 04:57pm

Money & Banking

UniCredit sticks to profit goals after better than expected quarter

Shares in UniCredit rose 0.7pc in early trade, outperforming a slightly lower Italian banking index.

Published 06 Aug, 2020 04:52pm

Stocks

Stock markets mostly lower as traders hope for US stimulus

The FTSE was down almost 2.0 percent around midday in London, also after the BoE kept its main interest rate at a record-low 0.1 percent.

Published 06 Aug, 2020 04:53pm

Stocks

Indian shares rise as RBI puts rate cut on hold but keeps door open

The NSE Nifty 50 index rose 1.29pc to 11,244.50 by 0734 GMT and the S&P BSE Sensex advanced 1.37pc to 38,172.05.

Published 06 Aug, 2020 04:50pm

Business & Finance

Defying pandemic, Siemens beats profit forecast

Revenue came in at 13.5 billion euros, 5 percent lower than the same quarter a year ago, according to the group.

Published 06 Aug, 2020 04:51pm

Europe

European legal setback for McCann suspect in rape case

Police revealed in June that they were investigating a 43-year-old German man in connection with the case, saying they believe he had killed Maddie.

Published 06 Aug, 2020 04:47pm

Forex

Russian rouble weakens, stocks hit five-month high before retreating

At 0810 GMT, the rouble was 0.5pc weaker against the dollar at 73.27 and had lost 0.4pc to trade at 86.80 versus the euro.

Published 06 Aug, 2020 04:48pm

Energy

Oil prices just under five-month highs, supported by weaker dollar

Brent crude fell 7 cents to $45.10 a barrel by 0802 GMT, while US crude was down 25 cents at $41.94.

Published 06 Aug, 2020 04:46pm

Stocks

London stocks slide as BoE sees slower rebound, Glencore tumbles

The mining group slipped 4pc as it also booked a $3.2 billion impairment charge, driving the FTSE 100 down 1.2pc after three straight sessions of gains.

Published 06 Aug, 2020 04:44pm

Forex

Pound at 5-month high as central bank strikes a less gloomy note

The currency rose as much as 0.5pc extending its run to a high of $1.3184, its highest since March 9, before easing a touch to $1.3112, up 0.3pc on the day.

Published 06 Aug, 2020 04:41pm

Stocks

HK shares end lower as Sino-US tensions, economic worries weigh

The news pulled index heavyweight Tencent Holdings, WeChat's developer, down 0.98pc, weighing on the broader index.

Published 06 Aug, 2020 04:24pm

Fourth spell of monsoon rains hit Karachi, disrupts power supply

Met office says a monsoon low pressure from Bay of Bengal is likely to approach Sindh and under the influence of this weather system strong monsoon currents are expected to penetrate in province

Published 06 Aug, 2020 04:24pm

Stocks

Europe retreats as BoE forecast hits London stocks

The pan-European STOXX 600 index slipped 0.3pc, with London's FTSE 100 falling 1.4pc.

Published 06 Aug, 2020 04:20pm

South Asia

Hong Kong reports 95 new coronavirus cases as local transmissions stay high

Around 3,800 people have been infected in Hong Kong since late January, 44 of whom have died. On Wednesday, 85 new cases were reported.

Published 06 Aug, 2020 04:19pm

Forex

Ugandan shilling stable as liquidity mop-up offers support

At 0831GMT commercial banks quoted the shilling at 3,683/3,693, same level as Wednesday's close.

Published 06 Aug, 2020 04:18pm

Currency

Russian central bank proposes scrapping repatriation of FX export revenues

As part of measures to liberalise Russia's currency regulations, it also proposed lifting a restriction on channelling export revenues to exporters' accounts outside Russia.

Published 06 Aug, 2020 04:15pm

Asia

Indonesia's COVID-19 infections rise by 1,882, deaths by 69

Those brought the total number of cases to 118,753 and deaths to 5,521.

Published 06 Aug, 2020 04:13pm

Business & Finance

Russia's July auto sales rise 6.8pc y/y

The group said July was the first month to have marked significant growth this year and that it was a possible sign of a "long awaited recovery".

Published 06 Aug, 2020 04:11pm

Commodities

South Korean flour mills buys 57,400 tonnes US wheat

Some 27,400 tonnes was bought for shipment between Nov. 15 and Nov. 30 while around 30,000 tonnes was bought for shipment between Nov. 10 and Nov. 25, they said.

Published 06 Aug, 2020 04:09pm

South Asia

Philippines records most coronavirus cases in East Asia after new surge

The Philippines recorded 3,561 new infections on Thursday, taking its total confirmed cases to 119,460.

Published 06 Aug, 2020 04:07pm

Europe

France's Macron set to tell Lebanese leaders some ‘home truths’ in Beirut

Macron will be the first foreign leader to visit the Lebanese capital since an explosion at a warehouse on Tuesday killed at least 137 people.

Published 06 Aug, 2020 04:07pm

Energy

Singapore fuel oil stocks rise as exports crash, imports from Malaysia and Bahamas hit record highs

Singapore's only fuel oil net exports in the week to Aug. 5 went to Hong Kong at 38,000 tonnes and 34,000 tonnes to Bangladesh.

Published 06 Aug, 2020 04:02pm

Discussion on Kashmir issue in UNSC a diplomatic success for Pakistan: Qureshi

Foreign minister says India tried its best to prevent the discussion, but it failed in its nefarious designs

Published 06 Aug, 2020 03:46pm

Energy

UK GAS-Prompt prices rise on higher gas-for-power demand

The day-ahead contract was up 0.80 pence at 17.00 pence per therm by 0900 GMT.

Published 06 Aug, 2020 04:01pm

Sports

Sanchez ends United nightmare after signing permanent deal with Inter

His departure marked the end of a disappointing two-and-a-half year run at Old Trafford, where he arrived in a swap deal involving Henrikh Mkhitaryan from Arsenal.

Updated 06 Aug, 2020 04:01pm

Money & Banking

Romania central bank revises 2020 CPI forecast to 2.7pc vs 2.8pc

Policymakers see inflation at 2.7pc in December, down from a previous forecast of 2.8pc.

Published 06 Aug, 2020 03:58pm

Europe

Greek unemployment jumps to 17.0pc in May, highest in nine months

It was the lowest jobless rate since June 2011 but the highest reading in the last nine months.

Published 06 Aug, 2020 03:57pm

Money & Banking

Bank of England sees slower economic recovery from COVID hit

Unemployment is expected to peak at 7.5pc at the end of this year, almost double the most recent rate but lower than the BoE's previous estimate of just under 10pc.

Published 06 Aug, 2020 03:53pm

Forex

Turkish lira slides 2.7pc against dollar, nearing record low

Annual consumer price inflation stood at 11.76pc in July, while the central bank's policy rate is 8.25pc, leaving real interest rates negative for lira depositors.

Published 06 Aug, 2020 03:44pm

Europe

French President Macron lands in Beirut on official visit

He was greeted on the tarmac by Lebanon's President Michel Aoun.

Published 06 Aug, 2020 03:38pm

Business & Finance

Novo Nordisk tweaks outlook higher after pandemic sales hit

Novo said it now expects annual operating profit growth in the range of 2pc-5pc, up from an earlier estimate of 1pc-5pc growth.

Published 06 Aug, 2020 03:34pm

Europe

French President: Lebanon needs reforms or will suffer more

Macron was speaking to reporters in Beirut, after his plane touched down at the start of an official visit following Tuesday's deadly warehouse explosion in the Lebanese capital.

Published 06 Aug, 2020 03:30pm

Europe

Poland's virus cases hit new record

These would include obligatory wearing of masks and only using half the seats on public transport, Deputy Health Minister Janusz Cieszynski told a news conference.

Published 06 Aug, 2020 03:29pm

Europe

German embassy employee among dead in Beirut explosion

"Our worst fear was confirmed. A member of our embassy in Beirut was killed in her home in the aftermath of the explosion,"

Published 06 Aug, 2020 03:26pm

Business & Finance

Ryanair to increase flights to 60pc of normal schedule in August

Europe's biggest budget airline flew 4.4 million passengers in July, a broadly expected 70pc year-on-year fall.

Published 06 Aug, 2020 03:23pm

USA

White House, Congress to resume coronavirus talks on major issues

Pelosi and Schumer have pushed for a comprehensive package of assistance for the unemployed, the poor, hospitals, schools and state and local governments.

Published 06 Aug, 2020 03:21pm

World

Worldwide coronavirus cases cross 18.88 million, death toll at 707,758

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

Updated 06 Aug, 2020 03:21pm

Sports

Pakistan v England: Watch day-one highlights

Babar and Shan remained unbeaten at the end of the day with 69 and 26 respectively after bad light forced an early close.

Published 06 Aug, 2020 03:00pm

Money & Banking

SBP scale-up maximum loan sizes of MFBs, allows loans against gold collateral

The revisions were made to enable MFBs to serve financing needs of the low-income segments, said SBP.

Published 06 Aug, 2020 03:01pm

Sports

England ready to tour Pakistan: Chris Silverwood

England have not visited Pakistan since 2005/06.

Published 06 Aug, 2020 02:53pm

Sports

PCB announces financial support for unemployed women players

The proposal was put forward by the women’s wing, headed by Urooj Mumtaz.

Published 06 Aug, 2020 02:53pm

World

Eight COVID-19 patients die in hospital fire in western India

According to emergency services, fire was caused by a medical staff member’s personal protective equipment (PPE) catching alight.

Updated 06 Aug, 2020 02:37pm

Currency

SBP introduces new category of foreign currency account for Overseas Pakistanis

ADs shall allow operations in the account through the digital channels e.g. internet/mobile banking, ATM/ Debit cards. The ADs may also issue cheque book to the account holder, if required.

Published 06 Aug, 2020 02:20pm

Currency

Avoiding default, Pakistan repays $1bn to Saudi Arabia

As per media reports, Pakistan has paid off $1bn for fear of defaulting on international loans following Saudi Arabia's decision to limit funding.

Published 06 Aug, 2020 01:56pm

Industry

Govt resumes domestic flight operations from all airports

“All operators will be required to implement the established guidelines, SOPs, and to seek prior schedule approval from the Competent Authority,” said Pakistan Civil Aviation.

Published 06 Aug, 2020 01:24pm

Money & Banking

Bank Alfalah, TerraPay partners to offer remittance payment service in Pakistan

Through this partnership, overseas Pakistanis will be able to use TerraPay’s partners’ network to instantly deposit money to any bank account in Pakistan.

Published 06 Aug, 2020 12:47pm

Shehbaz Sharif, Hamza Shehbaz indicted in Ramzan Sugar Mills case

Accountability court will hear case on August 27.

Published 06 Aug, 2020 12:01pm

World

Eiffel Tower goes dark to honor Beirut victims

Paris will provide an emergency aid of 100,000 euros, which is about $118,861 to Beirut.

Published 06 Aug, 2020 11:30am

Life & Style

Indian federal investigator to probe Sushant Singh Rajput's death

It's the latest twist to a murky case that was reported as a suicide.

Published 06 Aug, 2020 11:21am

Money & Banking

World Bank says ready to mobilize financing for Lebanon blast recovery

The World Bank said in a statement that it “would be also willing to reprogram existing resources and explore additional financing to support rebuilding lives and livelihoods of people impacted by this disaster.”

Published 06 Aug, 2020 10:42am

Commodities

Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks

U.S. West Texas Intermediate (WTI) crude futures eased 3 cents, or 0.1%, to $42.16 a barrel by 0436 GMT, while Brent crude futures rose 9 cents or nearly 0.2% to $45.25.

Published 06 Aug, 2020 10:17am

Currency

China's major state banks start internal testing of digital wallet application: media

The state-backed newspaper cited sources saying employees at state banks in cities including Shenzhen have started internally testing the app to transfer money and make payments.

Published 06 Aug, 2020 10:13am

Forex

U.S. dollar headed lower, in retreat against the euro - Reuters poll

A surge in coronavirus cases across several U.S. states and some data pointing to an economic recovery losing steam pushed the dollar index down 4.1% in July, its biggest monthly percentage fall in a decade.

Published 06 Aug, 2020 10:06am

Technology

Facebook, Twitter pull Trump posts over coronavirus misinformation

The post contained a video clip, from an interview with Fox & Friends earlier in the day, in which Trump claimed that children are “almost immune” to COVID-19.

Published 06 Aug, 2020 10:04am

BR Research

Business confidence – mixed signals

Businesses were short on confidence in June 2020. And there was every reason for that as Pakistan’s coronavirus...

Published 06 Aug, 2020 08:22am

BR Research

Rethinking labour unions

It is rather unusual for the State Bank to highlight the importance of labour unions. But it is surely refreshing to...

Published 06 Aug, 2020 08:22am

BR Research

No eggs without chicken

Outside of tomatoes and onions – both perishable vegetables - farm eggs saw the highest month-on-month increase in...

Published 06 Aug, 2020 08:20am

BR Research

Oil sales: bottomed out?

Petroleum sales ebb and flow with economic growth that drives and restricts consumption. Economic slowdown in the...

Published 06 Aug, 2020 08:20am

Currency

Suraj Cotton Mills Limited

Suraj Cotton Mills Limited (PSX: SURC) was established in 1984 as a public limited company. The company manufactures...

Published 06 Aug, 2020 08:19am

USA

US job market recovery appears to be slowing, services sector powering ahead

WASHINGTON: US private employers hired far fewer workers than expected in July as companies exhausted loans to help...

Updated 06 Aug, 2020 03:20am

USA

Another watchdog at US State Department abruptly gone

WASHINGTON: The internal watchdog looking into accusations against Secretary of State Mike Pompeo abruptly quit...

Updated 06 Aug, 2020 03:20am

Pakistan

Financial restructuring of PIA: Govt should evolve political consensus: survey

ISLAMABAD: The government should evolve a political consensus which is essential for the completion of proposed...

Updated 06 Aug, 2020 03:19am

World

Subscription gains help NY Times

NEW YORK: The New York Times on Wednesday reported strong gains in its digital subscriptions, helping the newspaper...

Updated 06 Aug, 2020 03:19am

Pakistan

Zahid Hafeez made FO spokesperson

ISLAMABAD: The government has appointed Zahid Hafeez Chaudri, Director General South Asia and SAARC as the new...

Updated 06 Aug, 2020 03:19am

Pakistan

Indian proxies responsible for blast at JI Kashmir rally: Siraj

KARACHI: Jamaat-i-Islami (JI) Chief Senator Chief Sirajul Haq held Indian proxies responsible for carrying out...

Updated 06 Aug, 2020 03:18am

World

At least five dead in US as downgraded Isaias reaches Canada

NEW YORK: Tropical storm Isaias left at least five people dead as it pounded the US eastern seaboard with driving...

Updated 06 Aug, 2020 03:18am

Pakistan

CCI to take up issue of transferring of BECS, NCHD to provinces today

ISLAMABAD: The Council of Common Interests (CCI) meeting scheduled for Thursday (today) will take up the agenda of...

Updated 06 Aug, 2020 03:18am

World

Emergency aid lands in Lebanon as death toll climbs to at least 135

BEIRUT: Emergency medical aid and pop-up field hospitals were dispatched to Lebanon Wednesday along with rescue...

Updated 06 Aug, 2020 03:17am

Europe

Europe ramps up controls fearing second virus wave

PARIS: Europe on Wednesday tightened virus restrictions as fears of a second wave of infections spurred by the...

Published 06 Aug, 2020 02:56am

World

Canada trade deficit widens to Can $3.2 billion

OTTAWA: Canada's trade deficit widened to $3.2 billion (US$2.4 billion) in June as imports and exports rebounded...

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Pakistan

Special sitting of Sindh Assembly held to mark Youm-e-Istehsal

KARACHI: A special sitting of the Sindh Assembly was on Wednesday held to mark the Youm-e-Istehsal-e-Kashmir to show...

Published 06 Aug, 2020 02:56am

Industry

FFC announces half-yearly financial performance-2020 results

ISLAMABAD: On 27 July, Fauji Fertilizer Company Limited (FFC) announced its first half yearly financial results for...

Published 06 Aug, 2020 02:56am

Taxes

No taxes, duties on transshipment of goods through Pakistan

ISLAMABAD: The Federal Board of Revenue (FBR) will not charge import/export duties and taxes on international...

Published 06 Aug, 2020 02:56am

Exchange

NAB sets up CIT to probe sugar scam and subsidy

ISLAMABAD: The National Accountability Bureau (NAB) has constituted a combined investigation team (CIT) to...

Published 06 Aug, 2020 02:56am

Taxes

FBR clarifies

ISLAMABAD: Federal Board of Revenue (FBR) has clarified that a consultative meeting of FBR officers has been held...

Published 06 Aug, 2020 02:56am

Implementation of report of Sugar Inquiry Commission: SHC orders AGP to make his arguments today

KARACHI: The Sindh High Court (SHC) on Wednesday sought arguments from the Attorney General for Pakistan in the...

Published 06 Aug, 2020 02:56am

Industry

PM urged to withdraw duty on polyester yarn

KARACHI: Khawar Noorani, chairman of the standing committee on imports and convener of the yarn trade committee of...

Published 06 Aug, 2020 02:56am

Currency

BCI Survey: Business confidence stands at 50pc negative: OICCI

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has shared the results of its Business...

Published 06 Aug, 2020 02:56am

Business & Finance

'No effort made to end WHT regime despite documentation of economy'

LAHORE: No concerted effort is in place to put an end to the withholding tax regime despite substantial ...

Published 06 Aug, 2020 02:56am

Business & Finance

UK businesses grow at fastest pace in 5 years

LONDON: British businesses in the services and manufacturing sectors grew at the fastest rate in more than five ...

Published 06 Aug, 2020 02:56am

40 injured in grenade attack on JI rally

KARACHI: At least 39 people were injured in a grenade attack on a Jamaat-i-Islami rally on Wednesday evening,...

Published 06 Aug, 2020 02:56am

Business & Finance

Indonesian economy shrinks for first time in two decades

JAKARTA: Indonesia's coronavirus-hit economy contracted in the second quarter for the first time in more than two...

Published 06 Aug, 2020 02:56am

Africa

Floods affect more than 50,000 in Sudan: UN

More than 50,000 people have been affected. The numbers are expected to rise.

Published 06 Aug, 2020 03:09am

South Korea's Pesco set to win first deal to supply LNG

ISLAMABAD/SINGAPORE: South Korea's Posco International Corp is set to become a liquefied natural gas (LNG) supplier...

Published 06 Aug, 2020 02:56am

Khunjerab Pass: Trade with China resumes

ISLAMABAD: Prime Minister Advisor on Commerce and Investment, Abdul Razak Dawood said on Wednesday that trade with...

Published 06 Aug, 2020 02:56am

FBR to abolish 30 to 40 more WHTs

ISLAMABAD: The Federal Board of Revenue (FBR) will abolish 30-40 more withholding taxes (WHTs) in a phase-wise...

Published 06 Aug, 2020 02:56am

Pakistan

PIA to resume UK flight operation by 14th

KARACHI: After sacking 63 employees in the continued fallout from the fake license scandal, Pakistan International...

Published 06 Aug, 2020 02:56am

Pakistan

Indian Occupied Kashmir: President urges India to lift lockdown, other curbs

ISLAMABAD: President Arif Alvi on Wednesday demanded of India to immediately end its "ongoing spree of unending...

Published 06 Aug, 2020 02:56am

Pakistan

Senate condemns illegal Indian move

ISLAMABAD: The upper house of the parliament on Wednesday unanimously passed a resolution, condemning the illegal...

Published 06 Aug, 2020 02:56am

Europe

Japanese FM in UK for post-Brexit trade talks

UK-Japanese trade was worth more than £30 billion (33 billion euros, $39 billion) last year.

Published 06 Aug, 2020 03:06am

Pakistan

Huawei delegation meets minister

ISLAMABAD: Delegation of Huawei Technologies Pakistan led by Chief Executive Officer (CEO) Huawei Mark Meng, Deputy...

Published 06 Aug, 2020 02:56am

Pakistan

Khaqan indicted in illegal PSO appointments case

KARACHI: An Accountability Court (AC) on Wednesday indicted former prime minister Shahid Khaqan Abbasi in the ...

Published 06 Aug, 2020 02:56am

Pakistan

Pakistan will continue to support Kashmiri people: Ijaz

ISLAMABAD: Interior Minister Ijaz Shah on Wednesday said that Pakistan had very clear vision on Kashmir, "we are ...

Published 06 Aug, 2020 02:56am

Pakistan

Pakistan condemns construction of 'Ram Mandir' on site of Babri mosque

ISLAMABAD: Pakistan condemned the construction of "Ram Mandir" on the site of historic Babri Masjid on Wednesday, ...

Published 06 Aug, 2020 02:56am

Pakistan

Cabinet seeks reports from CDA on 'encroachments'

ISLAMABAD: Federal Cabinet has sought detailed reports from Capital Development Authority (CDA) on purported...

Published 06 Aug, 2020 02:56am

Europe

Fears grow in Turkey as daily virus cases top 1,000

The total number of deaths now stands at 5,784 and infections at 236,112.

Published 06 Aug, 2020 03:03am

Pakistan

Girl martyred, 6 civilians injured in Indian shelling

ISLAMABAD: An 18-year-old girl embraced martyrdom and as many as six civilians including two women were injured in...

Published 06 Aug, 2020 02:56am

Pakistan

Punjab Assembly passes 'Youm-e-Istehsal Kashmir' resolution

LAHORE: The Punjab assembly on Wednesday unanimously passed a resolution in connection with the Youm-e-Istehsal...

Published 06 Aug, 2020 02:56am

Gwadar Port, other uplift projects: Balochistan comes under renewed govt focus

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar has constituted two special...

Published 06 Aug, 2020 02:56am

UNSC holds closed door meeting: Qureshi

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi Wednesday said that Pakistan welcomes the third meeting of United...

Published 06 Aug, 2020 02:56am

NHP ARE policy, other projects: PM likely to preside stormy meeting of CCI today

ISLAMABAD: Prime Minister Imran Khan is to preside over a stormy meeting of Council of Common Interests (CCI)...

Published 06 Aug, 2020 02:56am

Opinion

A disaster for seafarers

ARTICLE: Prior to 2020, it would have been considered unimaginable that a virus could disrupt the global economy,...

Published 06 Aug, 2020 02:56am

Letters

Pakistan's 'political map'

LETTER: Nothing could be more appropriate than the unveiling of Pakistan's "political map" by the prime minister on...

Published 06 Aug, 2020 02:56am

IOK in 'security' lockdown

OCCUPIED SRINAGAR: With a heavy deployment of troops and curbs on public movement, Indian authorities kept a tight...

Published 06 Aug, 2020 02:56am

Africa

DR Congo armed groups killed 1,300 in first half of 2020: UN

Violence in the gold-mining region of Ituri has raged since December 2017.

Published 06 Aug, 2020 03:01am

Exchange

Ecnec approves $6.8bn Railway's ML-I and dry port projects

ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (Ecnec) Wednesday approved Pakistan...

Published 06 Aug, 2020 02:56am

July trade figures: Ministry, PBS not on the same page

ISLAMABAD: The Ministry of Commerce and Pakistan Bureau of Statistics (PBS) are not on the same page as a ...

Published 06 Aug, 2020 02:56am

South Asia

Macron to push for Lebanon aid after Beirut destruction

I will go to Beirut to bring the Lebanese people a message of fraternity and solidarity from the French, Macron said.

Published 06 Aug, 2020 03:00am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (August 5, 2020). ========================...

Published 06 Aug, 2020 02:56am

Currency

Kidnapping of journalist: IGP submits SIT report in SC

ISLAMABAD: Inspector General of Police (IGP), Islamabad, on Wednesday submitted Special Investigation Team (SIT)...

Published 06 Aug, 2020 02:56am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (August 5, 2020) and the forecast for Thursday (August 6, 2020)....

Published 06 Aug, 2020 02:56am

Supplements

Youm-e-Istehsal Kashmir: Message from Dr. Arif Alvi (President of the Islamic Republic of Pakistan)

TEXT: Today marks one year since India undertook illegal and unilateral actions in Indian Illegally occupied Jammu...

Published 06 Aug, 2020 02:56am

Supplements

Youm-e-Istehsal Kashmir: Message from Imran Khan (Prime Minister Islamic Republic of Pakistan)

TEXT: Today marks 365 days of the unprecedented, inhuman military siege and communication blockade since India's...

Published 06 Aug, 2020 02:56am

Supplements

Youm-e-Istehsal Kashmir: Message from Shah Mehmood Qureshi (Foreign Minister of Pakistan)

TEXT: One year ago, the Indian Government undertook illegal and unilateral actions to perpetuate its occupation of...

Published 06 Aug, 2020 02:56am

Supplements

Youm-e-Istehsal Kashmir: Message from General NadeemRaza Nishan-e-Imtiaz (Military) Chairman Joint Chiefs of Staff Committee

TEXT: On 5 August 2019, India repealed the special status granted to the Kashmiris by revoking Article 370 and 35A ...

Published 06 Aug, 2020 02:56am

Supplements

Youm-e-Istehsal Kashmir: Message from General Qamar Javed Bajwa Nishan-e-Imtiaz (Military) Chief of Army Staff

TEXT: 5 August marks a year of Indian Government's illegal actions regarding the status of Indian Occupied Jammu...

Published 06 Aug, 2020 02:56am

Pakistan

AC issues warrants of Nawaz Sharif

LAHORE: An accountability court issued warrants of former Prime Minister Mian Muhammad Nawaz Sharif in reference...

Published 06 Aug, 2020 02:56am

Pakistan

Youm-e-Istehsal observed: Srinagar Road to be named in every district: Punjab CM

LAHORE: Like other parts of the country, 'Youm-e-Istehsal' was marked across the province to express solidarity with...

Published 06 Aug, 2020 02:56am

Pakistan

Ilma University gains UNAI membership

KARACHI: Ilma University has gained the distinguished membership of United Nations Academic Impact (UNAI)....

Published 06 Aug, 2020 02:56am

Pakistan

Backward areas: PTI govt focuses on removing deprivation: Buzdar

LAHORE: Punjab Chief Minister Sardar Usman Buzdar in a meeting with Minister of State for Climate Change Zartaj Gul...

Published 06 Aug, 2020 02:56am

Pakistan

SC raises questions on appointment of Pindi NAB DG

ISLAMABAD: The Supreme Court Wednesday raised questions regarding the appointment of the Director General (DG)...

Published 06 Aug, 2020 02:56am

Pakistan

Matiullah Jan kidnapping incident: PFUJ announces probe/monitoring body

ISLAMABAD: Pakistan Federal Union of Journalists (PFUJ), an umbrella organization of all the journalists unions...

Published 06 Aug, 2020 02:56am

Pakistan

Chevron partners with Careem to facilitate captains

KARACHI: Two global brands have announced a collaboration that will benefit ride-hailing services and their ...

Published 06 Aug, 2020 02:56am

Pakistan

No surge witnessed in Covid-19 cases during Eid holidays in Capital: DHO

ISLAMABAD: Due to effective surveillance and implementation of standard operating procedures (SOPs), coronavirus...

Published 06 Aug, 2020 02:56am

Pakistan

ECP officials, Punjab govt discuss LG elections

ISLAMABAD: The top officials of the Election Commission of Pakistan (ECP) and the Punjab government met on Wednesday...

Published 06 Aug, 2020 02:56am

Pakistan

Youm-e-Istehsal observed in Tehran

TEHRAN: The Embassy of Pakistan, Tehran held a seminar which was also broadcasted to virtual audience to observe...

Published 06 Aug, 2020 02:56am

Exchange

US plan for 'highest level' Taiwan visit in decades angers China

TAIPEI: The United States announced Wednesday its highest-level visit to Taiwan since it switched diplomatic...

Published 06 Aug, 2020 02:56am

Technology

Samsung unveils new version of folding smartphone

SAN FRANCISCO: Samsung on Wednesday unveiled an upgraded version of its folding smartphone along with other devices...

Published 06 Aug, 2020 02:56am

Opinion

Partly Facetious: People of Karachi not stupid

ARTICLE: "I think the people of Karachi are going to be glad to have voted for The Khan." "Because he tasked NDMA ...

Published 06 Aug, 2020 02:56am

Exchange

China's growth

ARTICLE: In the first half of this year, the entire Chinese nation coordinated the promotion of pandemic prevention...

Published 06 Aug, 2020 02:56am

Currency

State Bank of Pakistan conversion rates

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

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Forex

Exchange rates: buying and selling

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

Published 06 Aug, 2020 02:56am

Forex

Currency notes: exchange rates

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

Published 06 Aug, 2020 02:56am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (August 5, ...

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Forex

Open market rates of foreign currencies

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

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (August 5, 2020). ========================== KIBOR...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price 1,397.6312...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (August 5, 2020). ======================== Offer Price...

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Exchange

Proposed right issues

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

Published 06 Aug, 2020 02:56am

Exchange

Dividend/Bonus Announcements

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

Published 06 Aug, 2020 02:56am

Exchange

BOARD MEETINGS

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

Published 06 Aug, 2020 02:56am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 06 Aug, 2020 02:56am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (August 5, 2020). ==================================== BR...

Published 06 Aug, 2020 02:56am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Wednesday (August 5, 2020)...

Published 06 Aug, 2020 02:56am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

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 06 Aug, 2020 02:56am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Currency

THE RUPEE: Fall continues

KARACHI: On Wednesday, Pakistan Rupee continued its fall against USD in both interbank and open markets. It also...

Published 06 Aug, 2020 02:56am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (August 5, 2020). ======================== Bid Rate...

Published 06 Aug, 2020 02:56am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 06 Aug, 2020 02:56am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (August 5, 2020). ======================================= Offset...

Published 06 Aug, 2020 02:56am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 5, 2020)...

Published 06 Aug, 2020 02:56am

Exchange

LME official prices

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

Published 06 Aug, 2020 02:56am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Energy

Oil prices hit five-month high as US crude stockpiles

NEW YORK: Oil prices rose to their highest since early March on Wednesday after a large decline in US crude...

Published 06 Aug, 2020 02:56am

Commodities

US MIDDAY: Gold races to new record

NEW YORK: Gold prices rocketed to a new record high on Wednesday after smashing past $2,000 for the first time, as a...

Published 06 Aug, 2020 02:56am

Commodities

US MIDDAY: Corn, soya edge higher

CHICAGO: US corn and wheat futures ticked higher on Wednesday, supported by a round of bargain buying and...

Published 06 Aug, 2020 02:56am

Commodities

Gold soars to record high in Europe

LONDON: Gold soared to a record high on Wednesday as a weakening dollar, falling returns on US bonds and a break...

Published 06 Aug, 2020 02:56am

Commodities

Gold scales all-time peak in Asia

SINGAPORE: Gold scaled an all-time peak on Wednesday, after topping the $2,000 mark in the previous session, spurred...

Published 06 Aug, 2020 02:56am

Commodities

Arabica coffee hits 4-month high; raw sugar surges

LONDON: ICE arabica coffee hit a four-month peak on Tuesday amid concerns over supply bottlenecks and signs of...

Published 06 Aug, 2020 02:56am

Grains

France cuts wheat crop estimate to below 30m tonnes

PARIS: France's farm ministry lowered its estimate of the 2020 soft wheat harvest to 29.71 million tonnes, down 1.6...

Published 06 Aug, 2020 02:56am

Cotton & Textile

Cotton eyes July high on weather concerns, weaker dollar

NEW YORK: ICE cotton futures rose on Wednesday, trading just below a 4-month peak hit in July, as continued hot...

Published 06 Aug, 2020 02:56am

Cotton & Textile

New York cotton

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

Published 06 Aug, 2020 02:56am

Stocks

Gold surge, Hastings pull London stocks up

LONDON: Surging prices for gold and other metals and a $2.2 billion buyout offer for Hastings Group saw London's...

Published 06 Aug, 2020 02:56am

Stocks

Japan stocks fall

TOKYO: Japanese shares retreated from a one-week high on Wednesday as downbeat earnings reports underscored the...

Published 06 Aug, 2020 02:56am

Stocks

Australian shares lower

SYDNEY: Australian shares closed lower on Wednesday as investors stayed away from risky bets ahead of the corporate...

Published 06 Aug, 2020 02:56am

Stocks

Wall Street rises

NEW YORK: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited...

Published 06 Aug, 2020 02:56am

Stocks

Wednesday's early trade: Stocks up on Disney's surprise profit

NEW YORK: Wall Street's main indexes rose on Wednesday following upbeat services industry survey and Disney's...

Published 06 Aug, 2020 02:56am

Stocks

Chinese shares extend gains

SHANDHAI: China stocks on Wednesday ended higher for the fourth straight session, as investors clung to hopes of a...

Published 06 Aug, 2020 02:56am

Stocks

European stocks surge

MILAN: Positive earnings reports and a surge in commodities shares lifted European stock markets on Wednesday, but...

Published 06 Aug, 2020 02:56am

Stocks

Major Gulf bourses mixed; Egypt extends gains

DUBAI: Major bourses in the Gulf had a mixed session on Wednesday with little fresh news to prompt buying, while...

Published 06 Aug, 2020 02:56am

Cotton & Textile

Business remains stable on cotton market

LAHORE: Business on local cotton market remained stable on Wednesday. Market sources told that traders were cautious...

Published 06 Aug, 2020 02:56am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 5, 2020)....

Published 06 Aug, 2020 02:56am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 163,810 tonnes of cargo comprising 133,449 tonnes of import cargo and 30,361 ...

Published 06 Aug, 2020 02:56am

Grains

European wheat futures fall to one month low

PARIS: European wheat futures fell to one month low on Tuesday as increasing expectations for Russia's harvest...

Published 06 Aug, 2020 02:56am

Energy

OMCs sales up by 8 percent

KARACHI: The overall sales of Oil Marketing Companies (OMCs) have increased by 8 percent on year-on-year basis in ...

Published 06 Aug, 2020 02:56am

Currency

As dollar slides, some investors fret about its status as world's reserve currency

ARTICLE: Some investors are worried the US response to the coronavirus pandemic is dealing a body blow to the ...

Published 06 Aug, 2020 02:56am

Exchange

PSX reverts on positive note: BRIndex100 gains 46.4 points

KARACHI: Pakistan Stock Exchange recovered its overnight losses and closed on positive note on Wednesday on the back...

Published 06 Aug, 2020 02:56am

Commodities

Tokyo rubber hits 5-month high

TOKYO: Japanese rubber futures closed at a five-month high on Wednesday, gaining for a third straight session, on...

Published 06 Aug, 2020 02:56am

Commodities

Palm oil ends nearly 2pc lower

KUALA LUMPUR: Malaysian palm oil futures ended nearly 2% lower on Wednesday, snapping a four-day winning streak...

Published 06 Aug, 2020 02:56am

Commodities

Copper up on demand hopes, sliding inventories

LONDON: Copper prices rose on Wednesday as expectations of stronger economic growth and demand due to central bank...

Published 06 Aug, 2020 02:56am

Money & Banking

Rehan Shaikh joins SCB Pakistan as CEO

KARACHI: Standard Chartered Bank (Pakistan) Limited confirmed that Rehan Shaikh has joined the bank in Pakistan as...

Published 06 Aug, 2020 02:56am

Exchange

Meezan Bank launches electronic IPO subscription

KARACHI: Meezan Bank has successfully launched electronic subscription to IPOs (initial public offerings) for its...

Published 06 Aug, 2020 02:56am

Money & Banking

Bank Alfalah and TerraPay to launch home remittance service

KARACHI: Bank Alfalah and TerraPay, a global payments infrastructure company, have announced a partnership for...

Published 06 Aug, 2020 02:56am

Currency

Dollar stays weak in Europe

LONDON: The dollar extended declines on Wednesday as euro zone data reassured after a US coronavirus relief package...

Published 06 Aug, 2020 02:56am

Currency

Sterling climbs above $1.31

LONDON: Sterling edged 0.6% higher on Wednesday against a broadly weaker dollar as the US coronavirus relief package...

Published 06 Aug, 2020 02:56am

Currency

Early trade in New York: Dollar dips broadly

NEW YORK: The US dollar slipped against basket of currencies on Wednesday as investors' appetite for risk improved ...

Published 06 Aug, 2020 02:56am

Money & Banking

Aussie, kiwi resume climb

SYDNEY: The Australian and New Zealand dollars resumed their ascent on Wednesday as falling Treasury yields...

Published 06 Aug, 2020 02:56am

Commodities

CBOT soyabean futures lower on bearish weather view

CHICAGO: US soyabean futures fell 1.6% to their lowest level since July 15 on Tuesday, pressured by forecasts for...

Published 06 Aug, 2020 02:56am

Commodities

Canadian canola futures down

OTTAWA: ICE canola futures edged down on Tuesday as US soyabean and soy oil prices fell. Canola started out firm as...

Published 06 Aug, 2020 02:56am

Commodities

PMEX daily trading report

KARACHI: On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,898. The traded value...

Published 06 Aug, 2020 02:56am

Commodities

Iron ore futures extend gains on China's demand

MANILA: Iron ore futures extended gains on Tuesday on optimism about economic recovery prospects for top steel...

Published 06 Aug, 2020 02:56am

Money & Banking

Objectives of National Financial Literacy Program achieved: SBP

KARACHI: The National Financial Literacy Program (NFLP) of the State Bank of Pakistan (SBP) has achieved all the...

Published 06 Aug, 2020 02:56am

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