News Archives for Latest - 2020-08-20

Pakistan

No rift in Pak-Saudi ties as strong economic, political, military cooperation continues: FO

The spokesperson said Pakistan and Saudi Arabia not only closely cooperated with each other at international fora, but always stood by each other at times of need also.

Published 20 Aug, 2020 11:58pm

Pakistan

Speaker NA, Deputy Speaker condole death of Hasil Bizenjo

They said the services of Mir Hasil Bizenjo for Pakistan and especially for Balochistan will be remembered for a long time to come.

Published 20 Aug, 2020 11:57pm

Pakistan

Qureshi for progress in CPEC, regional connectivity, poverty alleviation with help of China

Shah Mehmood Qureshi said that Pakistan wishes to resolve the issue as per aspiration of the people of IOJ&K and Pakistan.

Published 20 Aug, 2020 11:54pm

Europe

Russia to test coronavirus vaccine on 40,000 people

He said mass vaccinations in Russia are expected to start in October and the first foreign deliveries in November or December.

Published 20 Aug, 2020 11:52pm

World

Trump meets Iraq PM, says US troops to exit 'at some point'

Trump said that military considerations as well as oil projects and development were on the agenda for his meeting with Kadhemi, who took office in May.

Published 20 Aug, 2020 11:49pm

Exchange

Macron offers EU mediation for Belarus, with Russia

Macron said Thursday that he, Merkel, and EU chief Charles Michel have had "several exchanges" with Russian President Vladimir Putin on the situation in Belarus.

Published 20 Aug, 2020 11:48pm

Pakistan

Govt has taken unprecedented steps for environment protection in 2 years: Zartaj

She said 'Ten Billion Tree Tsunami' project was actively being pursued and it would help provide a large number of job opportunities for the youth.

Published 20 Aug, 2020 11:45pm

Pakistan

Shibli grieved over demise of Senator Hasil Bizenjo

He said the services of Hasil Bizenjo to the Constitution, the Parliament and democracy were unforgettable.

Published 20 Aug, 2020 11:43pm

Exchange

PTI to resolve lingering civic issues of Karachi: Haleem Adil

He said we salute Prime Minister Imran Khan and his team as he has cleaned the mess of past in just two years.

Published 20 Aug, 2020 11:39pm

Pakistan

Political parties always take unified stance on national issues: Shafqat

Prime Minister Imran Khan had himself monitored the prevailing situation and his (PM) smart lockdown’s policy was acknowledging by the world countries as well, he stated.

Published 20 Aug, 2020 11:37pm

Muharram moon sighted, Youm-e-Ashur on Aug 30

The Ministry of Religious Affairs and Interfaith Harmony, in a notification, quoted the decision of Central Ruet-e-Hilal Committee meeting held in Karachi Thursday evening that the first month of the Islamic Hijri Calendar Year 1442.

Published 20 Aug, 2020 11:35pm

Pakistan

Record legislation done in 2 years: Ali Muhammad

He said legislation was made on teaching of Quran in Urdu, Naya Pakistan Housing Authority, Billion Tree Tsunami and to bring Pakistan out of Financial Action Task Force's grey list.

Published 20 Aug, 2020 11:33pm

Pakistan

Razak emphasizes govt's resolve to strengthen trade ties among ECO countries

He also informed the participants that the deputy prime minister of Uzbekistan was visiting Pakistan next month, September 7.

Published 20 Aug, 2020 11:31pm

Pakistan

KP’s universal health insurance first step towards welfare state: PM

This is in line with our founding Father's vision for Pakistan and a first step towards a welfare state,” the prime minister said.

Published 20 Aug, 2020 11:29pm

Exchange

FM Qureshi arrives in Hainan, China for strategic dialogue

During the dialogue, both sides will, inter alia, discuss cooperation on COVID-19, bilateral relations, and regional and international issues of mutual interest.

Published 20 Aug, 2020 11:27pm

Pakistan

FBR unearths massive tax evasion of Rs4.36bn

The FBR in a statement issued here Thursday said that the Field Formations of the board were engaged in operations against tax evasion and tax fraud to comply with its strict directions.

Published 20 Aug, 2020 11:23pm

Pakistan

Senate body concerned over delay in capital metro bus extension project

The committee chairman said that it was certain that any one of the above mentioned departments was responsible in unnecessary delay in completion of the project.

Published 20 Aug, 2020 11:22pm

Commodities

Corn down 1-2 cents, soy down 2-4 cents, wheat up 1-3 cents

Global demand helps support prices, analysts said.
Strong yield estimates in parts of the Midwest pressure prices, traders said.
CBOT December corn last traded down 3/4 cents at $3.39 per bushel.

Published 20 Aug, 2020 09:07pm

Europe

Macron and Merkel meet with Turkey, Belarus, COVID on the agenda

Paris and Berlin shared "a high level of convergence" on the issues.

Published 20 Aug, 2020 09:14pm

USA

Biden pledges 'a new path' as he prepares to accept White House nom

Pennsylvania, like Wisconsin, is one of a handful of states seen as crucial to Trump's and Biden's hopes of victory on November 3.

Published 20 Aug, 2020 09:12pm

World

US imposes Syria-related sanctions on six individuals

The Treasury said in a statement it imposed sanctions on Luna Al Shibl, Assad's top press officer, and Mohamad Ammar Saati bin Mohamad Nawzad.
The United States and its allies are united in continuing to apply pressure on Assad and his enablers until there is peaceful, political solution to the conflict.

Updated 20 Aug, 2020 09:07pm

Technology

Google services restored for users around the world

Frustrated customers in countries including Australia, Japan, France and the United States complained online of the outage.

Published 20 Aug, 2020 08:34pm

Sports

Australia, England stars may avoid IPL quarantine, says Bangalore chairman

A total of 29 players from England and Australia are part of the eight IPL squads.

Published 20 Aug, 2020 08:32pm

Exchange

Pompeo to visit UN to trigger Iran sanctions 'snapback'

The move widens the gulf between the US and the other permanent members of the Security Council on Iran policy.

Published 20 Aug, 2020 08:30pm

Sports

No holding back Root tells his players

Root says the players should perform as if this is the last Test till next summer and "leave no stone unturned."

Published 20 Aug, 2020 08:27pm

FM Qureshi arrives in China to attend strategic dialogue

The foreign minister is scheduled to meet top Chinese leaders and discuss issues of mutual interest, bilateral cooperation, the phase-II of China Pakistan Economic Corridor and regional security

Published 20 Aug, 2020 08:04pm

Forex

C$ extends pullback from 7-month high as oil prices fall

Canadian dollar falls 0.2% against the greenback.
US oil prices decrease 1.7%.
Canadian bond yields ease across a flatter curve.

Published 20 Aug, 2020 07:46pm

Financial

Yields tumble on rising jobless claims

The biggest source of the action today is weak jobless claims numbers," said Guy LeBas.
"only modest benefits in the current environment" and was not coming anytime soon.

Published 20 Aug, 2020 07:44pm

USA

Former Trump adviser Bannon charged with fraud by federal prosecutors

Federal prosecutors in Manhattan announced that Bannon was charged in an unsealed indictment along with several others including Brian Kolfage.
The donors thought the money would go toward helping to build a border wall, prosecutors said.

Published 20 Aug, 2020 07:39pm

Pakistan

Gold price declines Rs2500, sold at Rs117,500 per tola

The price of 10 gram gold also decreased by Rs2144.

Published 20 Aug, 2020 07:42pm

Exchange

Rupee slides against dollar

Buying and selling rates of dollar were recorded at Rs168 and Rs 168.6 respectively.

Published 20 Aug, 2020 07:40pm

Pakistan

Mobile phone imports increase 89.03pc during July 2020

The trade deficit during July 2020 was recorded at $1.686 billion against the deficit of $1.827 million in July 2019, the data revealed.

Published 20 Aug, 2020 07:38pm

World

Israel deal should remove any hurdle to F-35 sale, UAE official says

The United States has sold the F-35 to allies including Turkey, South Korea, Japan, and Israel.
We have legitimate requests that are there. We ought to get them ... the whole idea of a state of belligerency or war with Israel no longer exists.

Published 20 Aug, 2020 07:33pm

Pakistan

Govt okays digital banking facility for overseas Pakistanis

SBP would introduce the digital accounts through eight major banks.

Published 20 Aug, 2020 07:34pm

Pakistan

USC contribute Rs7.09bn tax in national exchequer during July-May 2019-20

During the month of Ramadan, under the Ramadan Relief Package, USC achieved benchmark of Rs.22 billion sales, ever highest in its history.

Published 20 Aug, 2020 07:32pm

Energy

Oil falls on OPEC+ oversupply, US jobless data

OPEC+ needs to fix daily oversupply of more than 2 mln barrels.
US weekly jobless claims back over 1 million.
Benchmark prices fall nearly 3%.

Published 20 Aug, 2020 07:29pm

Pakistan

Government allows export of masks: PRGMEA Coordinator

The export of masks mean to earn billion of rupees because the demand of N-95 and surgical masks was increasing day by day.

Published 20 Aug, 2020 07:29pm

Stocks

Wall Street slips as jobless claims climb back to 1 million

Weekly jobless claims back over 1 million.
Nvidia dips as data center business results disappoint.
L Brands rises after posting a surprise profit.
Intel jumps after announcing $10-bln share buyback plan.
Indexes: Dow falls 0.28%, S&P down 0.11%, Nasdaq up 0.34%.

Published 20 Aug, 2020 07:23pm

Pakistan

COVID-19 claims 7 more lives, infects 321 others in Sindh: CM

Murad said that currently 4274 patients were under treatment, of them 3886 in home isolation.

Published 20 Aug, 2020 07:22pm

South Asia

Millions likely infected by coronavirus in New Delhi, survey finds

We found that 29.1% of the population of Delhi had antibodies, which means that they were infected and have been cured.
Delhi has a population of 20 million and has recorded a total of 140,767 cases of COVID-19, out of India's total of 2.84 million.

Published 20 Aug, 2020 07:05pm

Africa

Africa reports 'hopeful' daily drop in coronavirus cases

South Africa has seen confirmed cases fall from a peak of over 12,000 to an average of 5,000, driving the drop in the continent-wide average.

Published 20 Aug, 2020 07:04pm

Financial

German Bunds rally, yields touch -0.50pc

ECB policymakers debated last month the extent of their flexibility in conducting emergency bond purchases.
Federal Reserve minutes released on Wednesday also sent Treasuries lower, but after the Wall Street indexes retreated from all-time highs.

Published 20 Aug, 2020 07:02pm

Middle East

Iran says holding UAE boat over fishermen deaths

Last year, Iran received a coastguard delegation from the UAE aimed at reviving maritime security talks.

Published 20 Aug, 2020 07:02pm

Energy

US natgas futures ease from 8-month high ahead of storage report

That price decline came despite a continued rise in liquefied natural gas (LNG) exports and forecasts for more hot weather.
US LNG exports were on track to rise in August for the first time in six months.

Published 20 Aug, 2020 07:00pm

Middle East

Iran unveils missiles with increased range

Ballistic missile, Haj Qasem, was named in honour of top Iranian general Qasem Soleimani.

Published 20 Aug, 2020 06:59pm

Commodities

Copper prices falter on demand doubts and profit-taking

Premium for cash over 3-month copper at $13.80 a tonne.
Copper stocks in LME-registered warehouses at 13-year lows.

Published 20 Aug, 2020 06:59pm

USA

US weekly jobless claims back over 1 million

Initial claims for state unemployment benefits rose to a seasonally adjusted 1.106 million for the week ended Aug. 15.
The previous week's level had marked the first time since March that new claims had registered below the 1 million level.

Published 20 Aug, 2020 06:57pm

Europe

Belarus opens criminal case into opposition bids to 'seize power'

Lukashenko's claim to victory sparked the largest demonstrations in Belarus since it gained independence with the 1991 collapse of the Soviet Union.

Published 20 Aug, 2020 06:57pm

Technology

Twitter privacy ruling delayed after dispute among EU regulators

Twitter had looked set to become the first big technology company to face a fine by Ireland's DPC under tougher EU data protection rules.
Ireland hosts the European headquarters of a number of US technology companies, making its the EU's lead regulator for firms including Twitter, Facebook, Apple and Google.

Published 20 Aug, 2020 06:55pm

South Asia

India study suggests millions more may have caught coronavirus

A similar survey in June-July said 23 percent of people tested had been exposed to the virus in the city.

Published 20 Aug, 2020 06:56pm

South Asia

India's monetary policy committee constrained by rising inflation: minutes

Despite the dovish tone, the minutes suggest the bank sees little room for rate cuts in the current environment.
The MPC is mandated to maintain inflation at 4% over the medium term and keep it within a 2% to 6% range at all times.

Published 20 Aug, 2020 06:53pm

Europe

Europe can fight virus without lockdowns: WHO

In the first week of August, 40,000 more cases were reported than in the first week of June when cases were at their lowest.

Published 20 Aug, 2020 06:54pm

Business & Finance

Alibaba revenue up 34 percent as coronavirus fuels online spending

Profit jumped 124 percent in the quarter to $6.7 billion, due mainly to gains in equity investments.

Published 20 Aug, 2020 06:53pm

Exchange

Ryanair's Spanish pilots accept pay cuts to limit job losses

Europe's biggest budget airline warned it would have to cut up to 3,000 jobs if it could not agree pay cuts with pilots and cabin crew.
Ryanair had reached agreements with 85% of its pilots and 75% of cabin crew by the end of July.

Published 20 Aug, 2020 06:52pm

USA

$600 million settlement in Flint water crisis: reports

The Post reported that 80 percent of the settlement would go to residents who were exposed when they were under 18 years old.

Published 20 Aug, 2020 06:50pm

Stocks

Wall St set to extend slide as jobless claims top 1 million again

Weekly jobless claims back over 1 million.
Nvidia dips as data center business results disappoint.
L Brands rises after posting a surprise profit.
Intel jumps after announcing $10-bln share buyback plan.
Futures down: Dow 0.38%, S&P 0.39%, Nasdaq 0.21%.

Published 20 Aug, 2020 06:50pm

Stocks

Most major Gulf markets dip as financial shares weigh

Saudi Arabia's benchmark index slipped 0.1%, with Banque Saudi Fransi sliding 4.5% and Riyad Bank losing 2.2%.
In Abu Dhabi, the index gained 0.9%, driven by a 6.5% jump in Abu Dhabi Commercial Bank and a 6% rise in Aldar Properties.

Published 20 Aug, 2020 06:48pm

South Asia

Sri Lanka president vows to scrap reforms limiting his power

Mahinda was ousted from the presidency after a decade in power when he lost the 2015 elections.

Published 20 Aug, 2020 06:48pm

National Party Leader Mir Hasil Bizinjo passes away

Bizinjo was battling lung cancer for one year and will be buried in his hometown Khuzdar

Updated 20 Aug, 2020 06:49pm

Energy

OPEC+ needs to fix daily oversupply of more than 2mn barrels: document

The surplus seen between May and July ought to be compensated for in August and September, the report said.
The ongoing spread of the virus is now threatening oil demand recovery forecasts.

Published 20 Aug, 2020 06:45pm

Europe

EU reaches virus vaccine deal with CureVac

The envisaged contract with CureVac would provide for the possibility for all EU member states to purchase the vaccine.

Published 20 Aug, 2020 06:47pm

Commodities

India prices rise as exporters grapple with floods, coronavirus

Floods in Bangladesh damage $4.29 bln worth of crops- minister.
Vietnamese rates to stay elevated until October harvest- trader.
Demand for Indian rice still high- analyst.

Published 20 Aug, 2020 06:43pm

Currency

Turkey holds rates in favour of back-door steps to support lira

The bank said exchange rate moves have delayed an expected drop in inflation, as it kept its one-week repo rate unchanged at 8.25%.
The central bank said upward pressure on inflation will eventually "phase out" along with the impact of the novel coronavirus.

Published 20 Aug, 2020 06:41pm

Europe

Pressure on Belarusian leadership is counterproductive, Russia's Putin tells EU's Michel

The two sides agreed that an early normalisation of the situation in Belarus suited the interests of both Russia and the European Union,
Belarusian authorities launched a criminal case against a new opposition body earlier on Thursday.

Published 20 Aug, 2020 06:40pm

Europe

Russia to begin COVID-19 vaccine trials on 40,000 people next week

These were the first details on the shape and size of the upcoming late-stage trial of the vaccine given by its developers.
A range of countries is running an information war against the Russian vaccine," Kirill Dmitriev.

Published 20 Aug, 2020 06:40pm

Currency

Antofagasta earnings dive 22pc on weaker copper, keeps dividend

Antofagasta cuts dividend by 42%.
Maintains copper output, spending targets.
H1 profits close to consensus.

Updated 20 Aug, 2020 06:38pm

Africa

West African leaders start talks on Mali crisis

The African Union, the European Union, United States and UN Security Council have all condemned the putsch and demanded the release of detained leaders.

Published 20 Aug, 2020 06:31pm

Govt overcame challenges putting country on path of development, President Alvi tells parliament

Arif praised the government for bringing reforms in different sectors and launching various schemes to facilitate the people

Updated 20 Aug, 2020 06:05pm

Europe

Poland's foreign minister quits amid Belarus crisis

Czaputowicz had signalled in July he may quit, as the ruling Law and Justice (PiS) party announced it plans some personnel changes in the government.
Belarus has blamed the protests on foreign interference and said it is reinforcing its Western borders.

Published 20 Aug, 2020 05:41pm

Business & Finance

US, China to hold call on trade in 'near future': official

The COVID-19 pandemic has put pressure on the agreement and China's purchases of those goods has been lagging.

Published 20 Aug, 2020 05:41pm

Companies

Nestle launches vegan alternative to tuna

Known for Maggi soups and bouillon cubes, Nestle has been investing in plant-based food to make its prepared dishes unit trendier.
The new "Garden Gourmet" tuna made with pea protein will be available in glass jars in the chilled aisle of Swiss supermarkets and can be used in salads.

Published 20 Aug, 2020 05:39pm

Commodities

Raw sugar prices ease as Brazil currency weakens

The market climbed to a five-month high of 13.28 cents on Friday.
December arabica coffee was down 0.05 cents, or 0.04%, at $1.1930 per lb, with the weakness of Brazil's real currency providing a bearish influence.
December New York cocoa fell $6, or 0.2%, to $2,454 a tonne.

Published 20 Aug, 2020 05:36pm

Forex

Sterling holds above $1.31 as dollar jumps after Fed minutes

The pound traded at $1.3127, up 0.2% on the day, at 1050 GMT, recovering from a session low of $1.3062 hit in early trade.
Against the euro, sterling fell 0.2% to 90.17 pence .

Published 20 Aug, 2020 05:35pm

Energy

Indian Oil to fully restart Paradip refinery by Saturday

The refinery's maintenance shutdown has been extended by a few days due to shortage of laborers amid the COVID-19 pandemic.
Remaining seven are being started in sequence as all are connected and start up will complete over the next two days.

Published 20 Aug, 2020 05:31pm

Europe

Greek PM denies refugee pushback claims

Rights groups including the UN refugee agency have repeatedly called on Greece to investigate pushback claims.

Published 20 Aug, 2020 05:30pm

Europe

Rise in Portugal's unemployment slows, but jobless figure up 37pc on year ago

The figures released on Thursday showed the increase in unemployment numbers has slowed sharply.
Greater Lisbon, also missing its usual droves of visitors and struggling to repair its image after a persistently high infections tally across June and July.

Published 20 Aug, 2020 05:29pm

South Asia

Iran says it detained a UAE ship and its crew on Monday

On Monday, an Emirati ship was seized by Iran's border guards and its crew were detained due to illegal traffic in our country's waters.
"On the same day, UAE guards shot dead two Iranian fishermen and seized a boat."

Published 20 Aug, 2020 05:27pm

Europe

Merkel hosts Greta Thunberg for talks on climate crisis

Germany has promised to abandon coal-generated power by 2038, a date considered far too late by climate activists.

Published 20 Aug, 2020 05:29pm

Stocks

Oil and stocks fall as markets still rattled by Fed minutes

The S&P 500 had reached an all-time high earlier in the week as prices recovered to their pre-pandemic levels.
The pan-European STOXX 600 fell 0.8% and London's FTSE 100 was down 1.14%.

Published 20 Aug, 2020 05:25pm

Middle East

Israeli forces kill Palestinian in West Bank, military says he was planning attack

A military spokeswoman said members of a "terrorist squad" were hit by the gunfire but she had no details on their condition.
Zahran said two of the Palestinians shot by the troops were treated in Palestinian hospitals and that the military.

Published 20 Aug, 2020 05:21pm

Africa

Nigerian army says 'in full control' of northeast town

Three soldiers lost their lives, two wounded while eight insurgents were killed during the gunbattle with the jihadists.

Published 20 Aug, 2020 05:23pm

Europe

Germany, France see virus surge as holidaymakers return home

Germany Thursday reported 1,707 new cases of the coronavirus in the past 24 hours.

Published 20 Aug, 2020 05:21pm

Forex

Dollar rebounds from 2-year trough on Fed view

Dollar jumped after Fed minutes less dovish than some expected.
Calls to take profits after euro surge.
Norway's crown weakens after cbank leaves rates unchanged.

Published 20 Aug, 2020 05:20pm

Business & Finance

Emirates to serve all 'network destinations' by summer 2021

Redha said the airline will serve 143 destinations by summer next year, down from 157 before the pandemic.

Published 20 Aug, 2020 05:19pm

Exchange

EU, CureVac in advanced talks for 225 mln COVID-19 vaccine doses

EU concludes first round of negotiations with CureVac.
Talks include option to supply 180 mln additional doses.
EU in advanced talks with J&J, Sanofi, has deal with AstraZeneca.

Published 20 Aug, 2020 05:17pm

South Asia

Hong Kong removes 'sensitive' content from school textbooks

The censorship is the latest move in a quickening campaign to eliminate dissent in the free-wheeling city.

Published 20 Aug, 2020 05:17pm

Commodities

Gold crawls higher as Fed reiterates economic woes

European shares dip on Fed's view on economic recovery.
Dollar hits one-week high.
Gold shed more than 3.5% on Wednesday.

Published 20 Aug, 2020 05:13pm

Sports

Cricket authorities introduce flexible start times after second Test blowout

The ECB and the ICC have agreed to revised start times ahead of the #raisethebat third Test.

Published 20 Aug, 2020 05:15pm

Technology

Google services down for users around the world

*Google's @Gmail Twitter feed replied to the posts with: "Thanks for reporting. We are aware of a service disruption at the moment."

Published 20 Aug, 2020 05:13pm

Financial

ECB policymakers debated flexibility of bond purchases

The ECB left policy unchanged last month and provided a slightly more optimistic view on growth.
But the account of the meeting suggests some policymakers are not keen for another increase in the ECB's 1.35 trillion euro PEPP.

Published 20 Aug, 2020 05:10pm

Currency

South Sudan out of foreign reserves as currency tumbles

The value of the pound has fallen sharply in recent weeks and inflation is high.

Published 20 Aug, 2020 05:10pm

Companies

Alibaba beats estimates as pandemic fuels online, cloud computing demand

The results come as US-listed Chinese companies face renewed heat and President Donald Trump has said he could exert pressure on more Chinese companies after he moved to ban TikTok.
Sales from Alibaba's core commerce business jumped 34% to 133.32 billion yuan ($19.27 billion) in the first quarter ended June.

Published 20 Aug, 2020 05:07pm

South Asia

Thailand ups pressure on protesters with flurry of arrests

The poll saw ex-army chief and mastermind of the 2014 coup Prayut Chan-O-Cha sweep to power.

Published 20 Aug, 2020 05:07pm

Commodities

Antofagasta's Chile copper processor to cost less than expected

We are looking at ways to reduce the upfront capital required by getting someone else to develop the water system.
Antofagasta, which has saved $78 million this year, expects to exceed its annual savings target of $100 million this year.

Published 20 Aug, 2020 05:05pm

South Asia

Hong Kong slams US decision to end tax, extradition deals

The decision reflects "disrespect for bilateralism and multilateralism" under the administration of US President Donald Trump.

Published 20 Aug, 2020 05:03pm

Exchange

Stuttgart prosecutor drops market manipulation charges against VW chairman

Proceedings have been dropped against Hans Dieter Poetsch and Matthias Mueller, a former chief executive of Volkswagen.
The company welcomed the settlement and reiterated that Poetsch and Mueller had not violated disclosure rules.

Published 20 Aug, 2020 05:05pm

Exchange

Kim calls rare congress for North Korea's ruling party

The UN Security Council, US, EU have imposed sanctions on the North over its banned nuclear weapons.

Published 20 Aug, 2020 05:01pm

Europe

Polish foreign minister quits, second top resignation in a week

President Andrzej Duda was returned to power in a run-off vote last month, backed by the populist right-wing Law and Justice (PiS) party.

Published 20 Aug, 2020 04:57pm

South Asia

Murderer, accused killer in Sri Lanka's new parliament

The SLPP won 145 seats in the poll and can also count on at least six allies in the new 225-member legislature.

Published 20 Aug, 2020 04:56pm

Europe

UK accused of ignoring warnings over virus-hit exams

The government said it would revert to teacher assessments after pupils took to the streets in protest.

Published 20 Aug, 2020 04:53pm

Europe

Germany adds virus-hit Croatian areas to quarantine list

Germany earlier reported 1,707 new cases of the coronavirus in the past 24 hours, the highest daily toll since April.

Published 20 Aug, 2020 04:49pm

South Asia

China faces questions over 'vaccinated' workers sent overseas

The country saw 12 new cases on Thursday taking its total to 359, with 159 active cases amid low rates of testing.

Published 20 Aug, 2020 04:46pm

South Asia

China defends ambassador walking on Kiribati people's backs

Zhao said some people had criticised the photos out of "political motives".

Published 20 Aug, 2020 04:44pm

Families in K-P to get free treatment worth Rs1 million under Sehat Insaf Card scheme: PM

At least, 27 public and 59 private hospitals will be part of the programme, which will be implemented through State Life Corporation

Updated 20 Aug, 2020 04:45pm

Stocks

Stocks slide as Fed stokes economy concerns

FTSE 100 down 1.2 percent at 6,041.82 points.
Brent North Sea crude down 1.1 percent at $44.88 per barrel.

Published 20 Aug, 2020 04:41pm

Pakistan

Karachi to receive rain today, tomorrow

This will be the fifth rain spell in Sindh.

Published 20 Aug, 2020 02:51pm

Keamari Town made seventh district of Karachi

Approval has been given by Sindh cabinet which also recommended making Mauripur another new district

Published 20 Aug, 2020 02:21pm

Life & Style

Britney Spears 'strongly opposed' to father as her sole guardian

Since her infamous series of public meltdowns in 2008, the 38-year-old pop star has lived according to a court-approved legal guardianship.

Updated 20 Aug, 2020 02:22pm

Business & Finance

Pakistan FDI jumps 60.8pc in July: SBP

China was the biggest investor with $27.1mn in July 2020, as compared to the net outflow of $17.4mn it invested in the same period last year.

Published 20 Aug, 2020 02:03pm

World

Indonesia sees 2,266 new coronavirus infections, 72 deaths

Indonesia has recorded 6,418 deaths so far.

Updated 20 Aug, 2020 01:40pm

Technology

BlackBerry to enter market with a keyboard smartphone

BlackBerry has not launched a smartphone since 2018, but now the company has decided to return soon with a new 5G smartphone.

Published 20 Aug, 2020 01:08pm

Technology

Punjab launches “Baldia Online” app to provide Local government services online

Using his application the citizens may now report birth, death, marriage, and divorce online.

Published 20 Aug, 2020 12:22pm

Shah Mahmood Qureshi leaves for China

He will lead Pakistan side in the second round of the China-Pakistan Foreign Ministers’ Strategic Dialogue.

Updated 20 Aug, 2020 12:17pm

Cotton

How much GIDC will each company pay? As govt orders to initiate recovery

These sectors collected Rs295.4 billion during the last ten years whereas the outstanding amount against them is Rs456.946 billion.

Published 20 Aug, 2020 11:49am

Business & Finance

Qantas says Australian state border closures hampering recovery, posts $1.4 bln loss

The airline on Thursday posted a full-year net loss of A$1.964 billion ($1.41 billion) for the 12 months that ended June 30, one of its largest ever, driven by impairment charges and restructuring costs meant to help it weather the coronavirus pandemic.

Published 20 Aug, 2020 11:07am

Stocks

Asian stocks slump, gold jumps after dovish Fed

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.79%, the biggest daily decline in five weeks. U.S. stock futures were down 0.55%.

Published 20 Aug, 2020 11:04am

Technology

Apple's stock market value tops $2 trillion

The rally reflects growing investor confidence in Apple’s shift toward relying less on sales of iPhones and more on services for its users, including video, music and games.

Published 20 Aug, 2020 11:02am

Currency

Highest ever cotton import: nowhere in sight

The curtain has been lifted on FY21’s foreign trade opening act, and it appears that the import compression ...

Published 20 Aug, 2020 09:02am

BR Research

Cigarettes: back to the mean?

Among the stars of the June LSM numbers is the tobacco sector. After a considerable lull, the cigarette production ...

Published 20 Aug, 2020 09:01am

Exchange

HUBC – coal investment paying off

FY20 has primarily been about milking its coal power investments; Hub Power Company Limited (PSX: HUBC) tapping into...

Published 20 Aug, 2020 08:57am

BR Research

Pakistan Suzuki: In search of better times

Pakistan Suzuki (PSX: PSMC) cannot catch a break. Substantially reduced demand, and higher input costs due to...

Published 20 Aug, 2020 08:56am

Mutual Funds

Ellcot Spinning Mills Limited

Ellcot Spinning Mills Limited (PSX: ELSM) was established as a public limited company under the repealed Companies...

Published 20 Aug, 2020 08:52am

Business & Finance

Goldman, Malaysia sign off on $3.9bn 1MDB settlement

KUALA LUMPUR: Goldman Sachs and Malaysia have signed an agreement finalising the US bank's $3.9 billion settlement...

Updated 20 Aug, 2020 04:16am

World

Kuwait approves new wealth fund law, delays debt reform

KUWAIT: Kuwait's parliament on Wednesday approved a law to make transfers of state revenue to one of its sovereign...

Updated 20 Aug, 2020 04:13am

World

Suspected Islamist attacker runs amok on Berlin motorway

BERLIN: A man has caused a series of motorway accidents in Berlin injuring six people, including three seriously, in...

Updated 20 Aug, 2020 04:12am

World

US blacklists UAE firms for supporting Iran airline

WASHINGTON: The US Treasury placed two United Arab Emirates-based companies on its sanctions blacklist Wednesday for...

Updated 20 Aug, 2020 04:11am

World

Trump backs Oracle in reported TikTok bid

WASHINGTON: President Donald Trump has voiced approval of Oracle Corp's reported bid for TikTok, the Chinese...

Updated 20 Aug, 2020 04:10am

Industry

Electric vehicles to cause accidents if int'l standards not ensured: director MCE

KARACHI: The local auto industry has feared that electric vehicles would cause accidents if international standards...

Updated 20 Aug, 2020 04:07am

Industry

APTMA appreciates FBR for accelerating payments of tax refunds

LAHORE: A delegation of All Pakistan Textile Mills Association (APTMA) called on Dr Muhammad Ashfaq Ahmed, Member...

Updated 20 Aug, 2020 04:04am

Business & Finance

Completion of two years in power: Business community cheers PTI's achievements, censures its failures

KARACHI: The business community, in its mixed reaction to the two-year performance of the Pakistan Tehreek-e-Insaf...

Updated 20 Aug, 2020 04:02am

Exchange

125,000 tons of mangoes exported this season

KARACHI: Pakistan has achieved mango export target by exporting 125,000 tonnes and fetching valuable foreign ...

Updated 20 Aug, 2020 03:59am

Business & Finance

Japan's exports tumble

TOKYO: Japan's exports extended their double-digit slump into a fifth month in July as the coronavirus pandemic took...

Updated 20 Aug, 2020 03:58am

Business & Finance

UK inflation jumps

LONDON: Inflation in Britain rose to its highest level in four months in July, fuelled by rebounding oil prices and...

Updated 20 Aug, 2020 03:58am

Pakistan

Covid-19 claims 7 more lives, 317 new cases emerge: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah said that coronavirus has claimed seven more lives lifting the...

Updated 20 Aug, 2020 03:29am

Pakistan

PSP accuses govts of failing to resolve problems of cities

KARACHI: Pak Sarzameen Party Chairman Mustafa Kamal criticized the federal and provincial governments for "their...

Updated 20 Aug, 2020 03:29am

Pakistan

Senate passes another two FATF-related bills

ISLAMABAD: In a bid to get the country out of the Financial Action Task Force (FATF)'s grey list, the Senate on...

Updated 20 Aug, 2020 03:29am

Pakistan

Sale of embassy building: NAB files corruption reference against ex-envoy to Indonesia

ISLAMABAD: The National Accountability Bureau (NAB) Wednesday filed a corruption reference against former ambassador...

Updated 20 Aug, 2020 03:28am

Pakistan

Opposition parties joining hands with PTI: Siraj

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan chief, Senator Sirajul Haq Wednesday, while flaying the ruling Pakistan...

Updated 20 Aug, 2020 03:28am

Pakistan

President to address joint sitting today

ISLAMABAD: President Dr Arif Alvi will kick off the third parliamentary year of the National Assembly with his...

Updated 20 Aug, 2020 03:27am

Exchange

Saudi Arabia says no Israel deal without Palestinian peace

BERLIN: Saudi Arabia said Wednesday it will not follow the United Arab Emirates in establishing diplomatic ties with...

Updated 20 Aug, 2020 03:26am

Cotton

GIDC verdict likely to attract review petitions

ISLAMABAD: The industrial sectors, financially hit by the recent verdict of Supreme Court of Pakistan on payment of...

Updated 20 Aug, 2020 03:24am

Currency

Implementation of CCoE decisions: Umar irked by delaying tactics

ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar has reportedly expressed annoyance ...

Updated 20 Aug, 2020 03:22am

TCP wheat tender: Nine parties submit bids

KARACHI: In response to Trading Corporation of Pakistan's (TCP) wheat import tender, some nine (9) bidders have...

Updated 20 Aug, 2020 03:22am

Currency

July collection stands at Rs300bn

ISLAMABAD: The Federal Board of Revenue (FBR) has been able to collect Rs 300 billion against the target of Rs 243...

Updated 20 Aug, 2020 03:19am

5 major export sectors: 1pc WHT applicable on imported raw materials

ISLAMABAD: The Federal Board of Revenue (FBR) has announced on Wednesday that the reduced rate of one percent...

Updated 20 Aug, 2020 03:18am

SBP enhances refinancing limit to banks under EFS

KARACHI: In order to further facilitate exporters, State Bank of Pakistan (SBP) has enhanced the limit of ...

Updated 20 Aug, 2020 03:18am

FBR issues draft income tax return forms

ISLAMABAD: The Federal Board of Revenue (FBR) has issued draft income tax return forms for salaried class, business...

Updated 20 Aug, 2020 03:18am

Pakistan

IHC reserves judgment on use of PTI flag on Sehat Card

ISLAMABAD: Islamabad High Court (IHC) Wednesday reserved judgment on the use of the Pakistan Tehreek-e-Insaf (PTI)...