News Archives for Latest - 2020-08-26

Pakistan

201 new cases of COVID-19 detected in Sindh

He said 4 patients lost their battle against COVID-19 during last 24 hours, said a statement issued here Wednesday regarding the situation of coronavirus in Sindh.

Published 26 Aug, 2020 11:10pm

Pakistan

Asad Umar directs for provision of telecom, broadband facilities in Southern Balochistan

He was chairing a meeting to discuss various proposals for development of Southern Balochistan.

Published 26 Aug, 2020 11:07pm

Pakistan

NDMA warns residents of Nullah Leh to remain alert to avoid flood losses

The residents living around Nullah Leh should remain aware of the water level and take all precautionary measures.

Published 26 Aug, 2020 11:05pm

Pakistan

PM emphasizes comprehensive policies to tackle future food insecurity

The prime minister said it was government’s priority to ensure surplus supply of basic food items like wheat and sugar.

Published 26 Aug, 2020 11:03pm

Pakistan

Entire government machinery remained alert to supervise relief work: Murtaza Wahab

In a tweet, he said that Karachi has received unprecedented rainfalls this year, with 345 millimeter rain recorded at PAF Faisal Base.

Published 26 Aug, 2020 11:00pm

Pakistan

PM directs establishment of food, drug testing labs at provincial capitals

The minister for industries apprised the prime minister of progress over the import of sugar whereas Ministry for National Food Security briefed about the import of wheat.

Published 26 Aug, 2020 10:58pm

Pakistan

CM alerts line depts regarding possible flood in rivers

He directed that ebb and flow of water in rivers be continuously monitored along with maintaining close liaison with relevant federal agencies.

Published 26 Aug, 2020 10:57pm

Pakistan

Welfare of media persons top most priority of Information Ministry: Shibli Faraz

He said that he considered protection of the rights of all media professionals and media workers from all parts of the country including Kashmir as his obligation.

Published 26 Aug, 2020 10:56pm

Pakistan

CM, President IPU discuss promotion of institutional collaboration

The Chief Minister extended felicitations to her for completing 130 years of the Inter-Parliamentary Union forum.

Published 26 Aug, 2020 10:54pm

Pakistan

Govt making national consensus on FATF related anti-money laundering laws: Faisal Javed

Senator Faisal Javed said that since very beginning, the Opposition was using this bill as tool to black mail the government for bargaining which was unacceptable for the government.

Published 26 Aug, 2020 10:49pm

Pakistan

Karachi has no infrastructure to face the rains: Mayor Karachi

Waseem Akhtar said that the beautiful park was established on 5.5 acres, adding that there were hub of litter and animals offal but now the park is a gift for the citizens.

Published 26 Aug, 2020 10:45pm

Pakistan

Maritime Affairs Minister visits flooded city areas

He said the over-flowing Malir river had played havoc with the localities in its catchment belt on both sides.

Published 26 Aug, 2020 10:42pm

Pakistan

CM visits Qadamgah to review arrangements for Ashura

Earlier, CM Sindh also visited Latifabad disposal (LD-1) site, where all pumping motors were operational.

Published 26 Aug, 2020 10:39pm

Pakistan

PPP fails to deliver in consecutive 3 tenures in Sindh: Ali

The minister said it was responsibility of all provincial stakeholders to take initiatives to resolve the issues confronting by metropolitan city Karachi.

Published 26 Aug, 2020 10:38pm

Pakistan

All DHQs, THQs be upgraded with required health facilities: Asad Umar

The meeting discussed national health facility assessment which was executed for a rapid data stock across all the Tehsil and District Headquarters Hospitals of the country.

Published 26 Aug, 2020 10:35pm

Pakistan

Punjab govt takes special measures to maintain law & order: Raja Basharat

He said, special SOPs had been developed for Covid-19 and all stakeholders had been appealed to follow them.

Published 26 Aug, 2020 10:33pm

Europe

NATO no 'excuse' for Belarus violence against protesters

Demonstrators have daily flooded the streets of the ex-Soviet republic demanding Lukashenko's resignation.

Published 26 Aug, 2020 08:31pm

Europe

Macron returns to Beirut seeking reform

Macron visited Beirut on August 6, two days after a massive explosion at the port.

Published 26 Aug, 2020 08:29pm

Iran, IAEA strike deal on nuclear inspectors' access to sites

U.S. intelligence services and the IAEA believe Iran had a clandestine nuclear weapons programme that it halted in 2003 for fear of discovery

Published 26 Aug, 2020 08:04pm

Pakistan

Cement export decreases 9.77pc during 1st month of current fiscal year

On month-on-month basis, the exports of cement also grew by 35.35 percent during July 2020.

Published 26 Aug, 2020 07:49pm

Stocks

TSX climbs on upbeat earnings reports

The financials sector gained 0.8% as Royal Bank of Canada and National Bank of Canada jumped 2% and 1.6%, respectively,
The energy sector dropped 0.7% even as US crude prices gained 0.5% a barrel, while Brent crude added 0.2%.

Published 26 Aug, 2020 07:47pm

Stocks

S&P 500, Nasdaq hit new highs as Salesforce fuels tech rally

Salesforce set for biggest one-day percentage jump.
Intuit, Hewlett Packard Enterprise gain after results.
Indexes: Dow dips 0.14%, S&P up 0.15%, Nasdaq rises 0.53%.

Published 26 Aug, 2020 07:46pm

Exchange

Rupee slides against dollar

The buying and selling rates of dollar were recorded at Rs168.3 and Rs169 respectively.

Published 26 Aug, 2020 07:46pm

Pakistan

Gold price increase Rs100, sold at Rs116,500 per tola

The price of per tola silver decreased by Rs50.

Published 26 Aug, 2020 07:45pm

Europe

UK's Gatwick Airport to cut up to 600 jobs amid travel slump

Gatwick, owned by VINCI Airports and Global Infrastructure Partners, said on Wednesday it would start consultation about shedding 600 jobs.
Passenger numbers at Gatwick in August, usually one of the busiest months, are down 80% compared to last year.

Published 26 Aug, 2020 07:44pm

Industry

Airbnb says employees can opt to work remotely until August 2021

The company said it would provide a $300 stipend for home office equipment, with an additional $200 to cover ergonomic equipment.
Airbnb said its employees will also have the option to temporarily relocate to states and countries.

Published 26 Aug, 2020 07:41pm

Money & Banking

Fitch downgrades Omani banks, companies as government finances weaken

Oman, one of the weakest economies in the hydrocarbon-reliant Gulf, is burdened by high levels of debt.
Fitch on Wednesday downgraded by one notch HSBC Bank Oman , Ahli Bank, and Bank Muscat.

Published 26 Aug, 2020 07:31pm

Pakistan

SBP defers Rs644bn loan payments under refinancing scheme

Under the refinance scheme, the bank received requests from around 2,950 businesses for financing upto Rs225,251 million.

Published 26 Aug, 2020 07:39pm

Forex

Historic fall in Mexico's Q2 GDP weighs on peso

The peso fell as much as 0.3% after data showed GDP fell 17.1% in April to June, from the previous three-month period in seasonally adjusted terms.
Hints of further easing or some urgency in the tone of Fed's dovish commitment can help underpin the dollar's softness.

Published 26 Aug, 2020 07:29pm

Commodities

Robusta coffee hits 8-month high, sugar and cocoa ease

November robusta coffee rose $17, or 1.2%, to $1,438 a tonne by 1330 GMT after touching an eight-month peak of $1,444.
October raw sugar was down 0.11 cents, or 0.9%, at 12.65 cents per lb.

Published 26 Aug, 2020 07:26pm

Forex

Rouble sinks to 4-1/2-year low vs euro on Navalny, Belarus concerns

Russian rouble weighed down by political concerns.
Extends losses after Kremlin comments on Navalny.
- Belarusian rouble crashes to all-time lows.

Published 26 Aug, 2020 07:24pm

Forex

Dollar edges higher, but stuck in range before Powell speech

Powell is scheduled to address the US central bank's policy framework review, and investors are focused on whether he will hint at shifting the Fed's inflation target to an average.
The Fed is thought to be still finalizing details of its review, however, with an announcement expected at its September meeting.

Published 26 Aug, 2020 07:23pm

Money & Banking

Bank of Canada sees no obvious alternative to inflation targeting

At the same time, the COVID-19 pandemic has crystallized that central banks are "likely to run out of conventional firepower" to address economic downturns in a low-interest-rate world,
We've identified some of the strengths and weaknesses of the different frameworks. But at this point, no single framework dominates on all margins.

Published 26 Aug, 2020 07:20pm

Industry

Volkswagen to test autonomous vehicles in Chinese city Hefei

China has become a hot spot for trying out autonomous driving vehicles. Toyota-backed Pony.ai, Baidu Inc , Nissan-backed WeRide and Didi Chuxing are all testing autonomous cars.
Volkswagen also has ventures with state-owned China FAW Group Corp Ltd and SAIC Motor Corp Ltd.

Published 26 Aug, 2020 07:18pm

Political settlement, dialogue only solution to Afghan conflict, PM tells Abdullah Abdullah

Afghan leader says he will visit Pakistan after launch of intra-Afghan talks

Updated 26 Aug, 2020 07:17pm

Financial

Yield curve steeper as traders look for Fed inflation guidance

The benchmark 10-year yield was up 2.1 basis points at 0.703% in morning trading.
People believe they will hear a broader view of how they (the Fed) will manage inflation targets, that suggests to many people that the curve will steepen.

Published 26 Aug, 2020 07:15pm

Forex

C$ eases against broadly firmer US dollar

Canadian dollar at 1.3176 to the greenback.
Bond prices lower across the maturity curve.

Published 26 Aug, 2020 06:55pm

South Asia

Flash floods kill at least 46 in Afghanistan

President Ashraf Ghani ordered emergency relief to be sent to Charikar.

Published 26 Aug, 2020 07:05pm

South Asia

Two Hong Kong opposition lawmakers among new protest arrests

Police have charged eight people over the attack, some with links to "triad" organised-crime gangs.

Published 26 Aug, 2020 07:01pm

Middle East

Netanyahu vows 'forceful' response if more attacks from Lebanon

Israel and Hezbollah fought a devastating month-long war in 2006.

Published 26 Aug, 2020 06:58pm

Money & Banking

HSBC teams up with Pollination for 'natural capital' venture

Groups launch HSBC Pollination Climate Asset Management.
Aim to launch $1 bln real assets fund by middle of 2021.
Also plan a second $2 bln carbon credit fund.

Published 26 Aug, 2020 06:50pm

Commodities

Gold falls on firm dollar as focus turns to Powell speech

Spot gold was down 0.6% at $1,915.61 an ounce by 1203 GMT. US gold futures eased by 0.1% to $1,921.40.
The firmer dollar is weighing on gold ... Though investors are watching out for Powell's speech, they've mostly factored it into gold prices already.

Published 26 Aug, 2020 06:48pm

Europe

EU eyes initial COVID-19 vaccination for at least 40pc of population

Plan may deal new blow to WHO as EU shuns global procurement.
EU vaccination targets twice as high as WHO's global goal.
Potential COVID-19 vaccines likely in short supply for long.
EU sees single-shot COVID vaccines as unlikely, eyes boosters.

Published 26 Aug, 2020 06:45pm

World

US says China 'bullying' UK, cites HSBC Hong Kong-related accounts

Pompeo renews attack on British bank.
HSBC caught in Beijing-Washington spat.
Bank stays silent amid fresh criticism.

Published 26 Aug, 2020 06:43pm

Middle East

Israel strikes Hezbollah posts in Lebanon

Tension has been running high on the border. Last month, Israel said Iran-backed Hezbollah had carried out an infiltration attempt, which the group denied.
Witnesses in south Lebanon said Israel had fired scores of flare munitions at border villages.

Published 26 Aug, 2020 06:39pm

Europe

Turkey says 'no concessions' in east Mediterranean row

Greece, Turkey are divided on issues including migration and Byzantine heritage in Istanbul.

Published 26 Aug, 2020 06:40pm

Europe

French govt says second coronavirus wave threatens but life must go on

Prime Minister Jean Castex said his government wanted to ensure the French could return to school, get back to work and enjoy a social life "as normally as possible".
The worst thing of all would be that we sink because we did not get things moving amid a social and economic crisis.

Published 26 Aug, 2020 06:39pm

Money & Banking

ECB can't fix causes of negative rates, Schnabel says

Like with other unconventional policy measures, side effects are likely to increase over time,
There is considerable uncertainty as to the precise level of the 'reversal rate' and current estimates suggest that the ECB has not reached the effective lower bound.

Published 26 Aug, 2020 06:31pm

USA

Two shot dead in protest-hit US city of Kenosha: police

The most recent police shooting of an African American has sparked outrage and protests in US cities.

Published 26 Aug, 2020 06:29pm

Stocks

Brazil's Banco Inter to launch $160.8mn follow-on offer

Banco Inter will sell 14.5 million common shares and 29 million preferred shares as part of the offering, the filing said.
Banco Inter's common shares closed at 18.68 reais on Tuesday and its preferred shares at 21.21 reais.

Published 26 Aug, 2020 06:27pm

Energy

Oil holds near five-month high on US output cuts, virus concern weighs

Hurricane Laura seen as biggest storm threat since Katrina.
US crude and gasoline stocks fall –API.
Coming up: EIA inventory data at 1430 GMT.

Published 26 Aug, 2020 06:26pm

Companies

Xiaomi profit grows in Q2, boosted by premium phone sales

Revenue rose 3.1% in the quarter ending June 30, while sales rose to 53.54 billion yuan ($7.77 billion), beating analysts' expectations.
Sales of premium phones in overseas markets were up by 99.2% year on year, with average selling prices rising 11.8% in that period.

Published 26 Aug, 2020 06:23pm

Commodities

Copper rises towards two-year high as inventories fall, shares gain

Benchmark copper on the LME was up 0.8% at $6,584 a tonne in official trading, approaching a high of $6,707 reached on Aug. 19.
Expectations that inflation will rise are also helping metals, which as hard assets can serve as an inflation hedge, he said.

Published 26 Aug, 2020 06:20pm

Exchange

Pompeo in Bahrain on next leg of Mideast charm offensive

Saudi Arabia has refused to normalise ties until Israel signs an internationally recognised peace accord with the Palestinians.

Published 26 Aug, 2020 06:22pm

Europe

Belgium revises down COVID-19 deaths just shy of 10,000 mark

The revision brought the total fatalities to 9,878 by Wednesday. Otherwise, it would have been 9,999.
Britain also lowered its death toll from the disease by more than 5,000 two weeks ago after the government adopted a new method of counting fatalities.

Published 26 Aug, 2020 06:18pm

Industry

Salesforce raises 2021 revenue forecast on remote work boost, shares jump

Salesforce, slated to join the Dow Jones Industrial Average index on Aug. 31, offers a range of digital products.
What it really differentiates Salesforce broadly is we have these low-code values, where you don't need to be a professional developer to set up Salesforce.

Published 26 Aug, 2020 06:16pm

Energy

US natgas rises to 9-month high as output collapses ahead of Hurricane Laura

That higher price move came despite a drop in liquefied natural gas (LNG) exports to an 18-month low as vessels steered clear of the storm.
The October contract, which will soon be the front-month, was up 1.2% to $2.63 per mmBtu.

Published 26 Aug, 2020 06:14pm

Sports

Guardiola could build Man City around Messi

Messi's lawyers informed Barcelona on Tuesday that the Argentine wanted to take up a release clause in his contract which could allow him to leave for nothing.
Barcelona don't want to lose their best player for nothing, so they'll try to convince the player to stay or agree to let him leave if they receive a good offer from another club.

Published 26 Aug, 2020 06:11pm

Middle East

Pompeo discusses Gulf unity, regional stability with Bahraini leaders

Israel and the United States have said they are pushing more Arab countries to follow the UAE's path.
Crown Prince Salman bin Hamad Al Khalifa said he welcomed US efforts towards the Israel-UAE accord.

Published 26 Aug, 2020 06:09pm

World

US targets Chinese individuals, 24 cos amid South China Sea dispute

Two dozen companies played a "role in helping the Chinese military construct and militarize the internationally condemned artificial islands in the South China Sea."
The State Department, in a separate statement, said it would impose visa restrictions on Chinese individuals "responsible for, or complicit in,"

Updated 26 Aug, 2020 06:09pm

Europe

UK's Johnson backs calls for probe into Navalny case

In 2006, Putin was blamed for the radiation poisoning death of Alexander Litvinenko.

Published 26 Aug, 2020 06:00pm

PM directs authorities to carry out relief operation in rain-hit Karachi

Imran says federal government will not leave people of the city alone in hour of need

Updated 26 Aug, 2020 06:01pm

Stocks

Equities narrowly mixed as virus ebbs, flares

*In Europe on Wednesday, London lapsed into the red near the halfway stage, though Paris and Frankfurt bounced from initial losses.

Published 26 Aug, 2020 05:34pm

Africa

Rwanda issues arrest warrant for genocide suspect in France: prosecutor

France opened a probe into alleged crimes against humanity by Ntiwiragabo.

Published 26 Aug, 2020 05:15pm

World

Israeli delegation to visit UAE next week, accompanied by Trump aides

The high-level meeting would be the first between the three parties since Trump announced the US-brokered accord on Aug. 13.
The US and Israeli officials will fly aboard an Israeli airliner direct from Tel Aviv to Abu Dhabi, the first-ever commercial flight between the two countries.

Published 26 Aug, 2020 04:57pm

Middle East

Yemen southern separatists pull out of Riyadh agreement talks

Saudi Arabia has been trying to implement the deal, first proposed in November, to end a conflict in the south between the separatists and the Saudi-backed Yemeni government.
"We renew our full commitment to what was agreed upon without any violations," he said.

Published 26 Aug, 2020 04:50pm

Exchange

Djokovic rolls on at Western and Southern Open, Murray eliminated

Djokovic broke Sandgren three times to reach the quarter-finals and extended his win-loss record to 20-0 this year.
"I felt better and I played better than I did last night. Everything is going in the right direction."

Published 26 Aug, 2020 04:48pm

Financial

Alibaba's Ant Group files for blockbuster Hong Kong, Shanghai dual listing

Could raise as much as $30 billion -sources.
IPO set to become world's largest ever.
Ant to sell no less than 10% of enlarged share capital.
Ant says revenue grew almost 40% to 72.5 bln yuan in H1.

Published 26 Aug, 2020 04:41pm

Industry

Brazilian steelmaker CSN hires banks for IPO of mining unit: Report

Bank of America, XP Inc, Banco BTG Pactual SA and Morgan Stanley will manage an offering that may raise 10 billion reais ($1.81 billion).
Shares in CSN closed the trading day up 1.99% at 14.84 reais, after starting the day down 2.2%.

Published 26 Aug, 2020 04:39pm

South Asia

China protests US spy plane watching drills

China has long denounced US surveillance activities, while the United States has complained of "unsafe" intercepts by Chinese aircraft.
This could easily have caused a misunderstanding or misjudgement or an "unexpected incident".

Published 26 Aug, 2020 04:36pm

Sports

Serena stunned by Sakkari at Western and Southern Open

Williams, 38, raced to a 5-2 in the opening set before Sakkari drew level but the American raised her game again to take the early advantage in the rain-delayed contest.
Williams trailed 3-1 in the second set before reeling off four games in a row and was serving for the match when things began to fall apart.

Published 26 Aug, 2020 04:34pm

World

Pompeo convention speech for Trump from Jerusalem sparks criticism, investigation

The Trump administration and Secretary Pompeo have shown a gross disregard not only of basic ethic.
The agency had long barred senior political appointees from partisan activity, including attending party conventions.

Published 26 Aug, 2020 04:24pm

World

Melania Trump offers sympathy on coronavirus, racial suffering in convention speech

Trump's wife acknowledged the pain of the pandemic in sharp contrast to most other speakers at the party's national convention.
I want to acknowledge the fact that since March, our lives have changed drastically.

Published 26 Aug, 2020 04:21pm

Energy

Saudi Arabia slips to 3rd-biggest in China crude supply for July

Saudi Arabia shipped 5.36 million tonnes to China last month, the equivalent of 1.26 million barrels per day (bpd).
Russia, the biggest crude supplier to China in July, shipped 7.38 million tonnes, or 1.74 million bpd.

Published 26 Aug, 2020 04:19pm

Sports

Azhar Ali rises in ICC Test rankings after 17th Test century

Babar Azam retains his fifth position in latest rankings.

Updated 26 Aug, 2020 04:19pm

USA

Colombia could participate in more vaccine trials

The government said on Monday that Colombia, which has nearly 552,000 confirmed coronavirus cases.
We are also talking with other companies about the possibility of holding clinical trials.

Published 26 Aug, 2020 04:08pm

Shehbaz Sharif could be disqualified if Nawaz does not return, says Chohan

Minister says PML-N president had guaranteed Nawaz Sharif’s return after eight weeks as ordered by Lahore High Court

Published 26 Aug, 2020 03:55pm

Exchange

FIA launches probe in money laundering against Tareen's JWD firm

Agency has sought details of 22 people, including Jahangir Tareen and members of his family and details of properties and bank accounts owned by them

Published 26 Aug, 2020 03:27pm

Business & Finance

Pakistan Refinery Limited halts operations after Karachi rains damage oil pipelines

The incident resulted in severely damaging the aforesaid oil pipelines, it added.

Published 26 Aug, 2020 03:25pm

Chinese banks reluctant to fund CPEC projects in current climate: Sources

ISLAMABAD: China Pakistan Economic Corridor (CPEC) has reportedly hit snags as the Chinese banks/ financial...

Updated 26 Aug, 2020 03:20pm

Opinion

STEM (ming) socio-economic stagnation

ARTICLE: For a country like Pakistan which suffers from chronic shortages of capital, energy and technology, the...

Updated 26 Aug, 2020 02:55pm

Sports

Quitting Pakistan captaincy never crossed my mind: Azhar Ali

Pakistan Test skipper came in for criticism over his form and leadership. Pakistan's Azhar Ali came in for criticism...

Published 26 Aug, 2020 02:49pm

Sports

Pakistan players congratulating Crawley was Nasser Hussain’s moment of the series

“They should have won the first Test. They are such an exciting team to watch,” says Shane Warne.

Updated 26 Aug, 2020 02:34pm

Exchange

Revenue Mobilization: The Missing Links

Revenue mobilization is a challenge grappling the Pakistan economy for the last many decades. It has reached at a...

Published 26 Aug, 2020 02:22pm

Sports

Anderson targets Ashes 2021-22 Ashes after joining '600 club'

Veteran pacer will be nearly 40 when England begin their quest to regain the crown from their arch-rivals.

Published 26 Aug, 2020 02:03pm

Pakistan

IHC dismisses plea challenging Shahzad Akbar's appointment as PM's adviser

IHC said PM can appoint anyone he wants as his adviser.

Updated 26 Aug, 2020 01:47pm

Technology

Electric Buses will be on Pakistan's roads this year, says Fawad

"From this year, electric buses will start running in Pakistan, and in three years, full manufacturing of these buses will commence in Pakistan," he added.

Published 26 Aug, 2020 01:16pm

Pakistan

This viral video of man diving from his roof is not from Karachi

The video is from India.

Published 26 Aug, 2020 01:20pm

Record shattering Karachi rains to take toll on Pakistan’s exports

The advisor added that the exporters facing any difficulties “may please be brought to the notice of the MOC.”

Published 26 Aug, 2020 01:03pm

Business & Finance

Pak Suzuki decides to end sales of another popular model in Pakistan

As per details available the Suzuki Swift, which was introduced in Pakistan in 2010, has been popular auto of the people for years, and its sales record has also been excellent.

Published 26 Aug, 2020 12:38pm

Business & Finance

Ship carrying 60,000 tons of imported wheat to arrive in Pakistan today

During a federal cabinet in Islamabad chaired by Prime Minister Imran Khan, the cabinet was informed that government steps have resulted in a reduction of wheat prices.

Published 26 Aug, 2020 12:01pm

KP reports no deaths for third consecutive day

It reported 35 new coronavirus cases.

Updated 26 Aug, 2020 11:50am

Technology

Jazz to use TPL Maps tech to enhance customer offerings

As per details, Jazz will have access to TPL Trakker’s Location Based Services (LBS) APIs, powered by TPL Maps, the mapping arm of TPL Trakker.

Published 26 Aug, 2020 11:19am

Revealed: What's delaying sugar imports, why did TCP scrap the first sugar import tender?

Federal government decided to import some 0.3 million tons of sugar.
TCP was given a task to import sugar on a highly priority basis to avoid a shortage in the local market

Updated 26 Aug, 2020 11:23am

Business & Finance

Eyeing business boom, govt urges youth to apply for Kamyab Jawan loan

So far 56, 812 online applications, from across Pakistan, have been received to partner banks through www.KamyabJawan.gov.pk.

Published 26 Aug, 2020 10:50am

Life & Style

Roman Polanski’s request to restore film academy membership denied

The 87-year-old director remains a fugitive after pleading guilty to unlawful sex with a minor in 1977 and fleeing the United States.

Updated 26 Aug, 2020 10:45am

Karachi Battered by rains, cars start floating away

Published 26 Aug, 2020 10:30am

Karachi battered by heaviest rains in more than 3 decades

KARACHI: Three children lost their lives as heavy rains continued to wreck havoc with the city life on the 2nd...

Updated 26 Aug, 2020 10:33am

Forex

Dollar stutters before Powell's speech as economic concerns mount

The greenback took a hit after data on Tuesday showed U.S. consumer confidence tumbled to the lowest in more than six years due to concern about the coronavirus-induced job losses.

Published 26 Aug, 2020 09:52am

Money & Banking

China central bank injects $29 billion via reverse repos

On the day, a batch of 150 billion yuan worth of reverse repos is set to mature, leaving the People’s Bank of China to inject 50 billion on a net basis via the liquidity tool.

Published 26 Aug, 2020 09:50am

Commodities

Brent prices rise on U.S. output cuts, China trade deal hopes

Brent crude oil futures added 12 cents, or 0.3%, to $45.98 a barrel by 0335 GMT, while U.S. West Texas Intermediate crude remained steady at $43.35 a barrel. Both benchmarks settled at a five-month high on Tuesday.

Published 26 Aug, 2020 09:48am

Sports

Barca in new turmoil after Messi tells club he wants to leave

The Club is in the midst of overhauling their squad following the 8-2 defeat by Bayern in the Champions League quarter-finals earlier this month.

Published 26 Aug, 2020 09:39am

Sports

England win series against Pakistan after third Test ends in a draw

James Anderson claimed his milestone 600th wicket during a rain-marred Test match

Published 26 Aug, 2020 09:38am

BR Research

Petroleum reforms – walk the talk

Energy is the biggest mess this government has inherited. Two years are gone with only talks of the reforms. The...

Published 26 Aug, 2020 08:39am

BR Research

M-wallets: growth slows

It remains to be seen how much the pandemic lifted mobile-wallet uptake in Pakistan. However, the branchless banking...

Published 26 Aug, 2020 08:39am

BR Research

Oil demand struggles

Oil’s new normal in the mid to low $40s has taken many by surprise. What was being termed as a market far away ...

Published 26 Aug, 2020 08:38am

BR Research

The luckiest of all

Lucky Cement (PSX: LUCK) being market leader in the south is meant to outperform its peer, which it has. It’s...

Published 26 Aug, 2020 08:38am

BR Research

Orix Leasing Pakistan Limited

Orix Leasing Pakistan Limited (PSX: OLPL) was incorporated as a joint venture between Orix Corporation, Japan, and...

Published 26 Aug, 2020 08:37am

Opinion

Gas and nuclear industries fight to the end for 'green' EU investment label

ARTICLE: The gas and nuclear industries have ramped up lobbying to secure last-ditch changes to European rules...

Updated 26 Aug, 2020 03:05am

Opinion

Towards clean and green energy

ARTICLE: Since the assumption of charge as Minister for Energy in Punjab, I have emphasized on generation of cheap,...

Updated 26 Aug, 2020 03:04am

Letters

'Militant threat'

LETTER: This is about a Business Recorder editorial "Militant threat" carried by the newspaper on Sunday. The...

Updated 26 Aug, 2020 03:03am

Opinion

Tech war chronicles: How a Silicon Valley chip pioneer landed in China

ARTICLE: As the United States steps up its campaign to block China from acquiring key technological know-how, the...

Updated 26 Aug, 2020 03:02am

Pakistan

SC seeks reply from NAB in bail of Anwar Majeed

ISLAMABAD: The Supreme Court on Tuesday sought a reply from the National Accountability Bureau (NAB) in bail of ...

Updated 26 Aug, 2020 02:56am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (August 25, 2020) and the forecast for Wednesday (August 26, 2020)....

Updated 26 Aug, 2020 02:56am

Pakistan

Customs thwarts attempt to smuggle betel nuts

KARACHI: Model Customs Collectorate Appraisement, West on Tuesday claimed to have thwarted an attempt to smuggle...

Updated 26 Aug, 2020 02:55am

Pakistan

JI's 79th foundation day

LAHORE: The 79th foundation day of the Jamaat-e-Islami Pakistan is going to be marked across the country today. The...

Updated 26 Aug, 2020 02:54am

Pakistan

No cop tested positive for Covid-19: CCPO

LAHORE: Amid threats of another wave of Covid-19 pandemic, Capital City Police Officer (CCPO) Zulfiqar Hameed has...

Updated 26 Aug, 2020 02:54am

Pakistan

Rains may continue

KARACHI: The monsoon rainy system of a good intensity is expected to continue penetrating into Sindh, the Met Office...

Updated 26 Aug, 2020 02:54am

Exchange

MQM-P appeals to business community to help Karachiites

KARACHI: Muttahida Qaumi Movement Pakistan (MQM-P) on Tuesday appealed to business community of Karachi to help...

Updated 26 Aug, 2020 02:54am

Pakistan

Govt asked to promote export of Pakistani motorcycles

KARACHI: Pakistan's exports have to be worth $40 billion at a minimum this fiscal year to avoid another balance of...

Updated 26 Aug, 2020 02:54am

Pakistan

Ziauddin University to open new campus in Sukkur

KARACHI: Ziauddin University, a leading educational institute in the private sector, and known as the pioneer of...

Updated 26 Aug, 2020 02:54am

Pakistan

Karachi needs concrete support: PSP chief

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal said on Tuesday that there was a dire need "to clear the...

Updated 26 Aug, 2020 02:54am

Pakistan

Shahlwani made Secretary LG, Rajput Commissioner Karachi

KARACHI: Sindh Government has transferred Commissioner Karachi Dr Iftikhar Ali Shahlwani as Secretary Local...

Updated 26 Aug, 2020 02:54am

Stocks

China's ChiNext rallies on historic market reform

SHANGHAI: Shares on China's tech-heavy ChiNext board rallied for the second trading day on Tuesday as investors...

Updated 26 Aug, 2020 02:50am

Stocks

European stocks down

FRANKFURT: European shares fell on Tuesday, hurt by losses in British blue chips, while mixed economic data and...

Updated 26 Aug, 2020 02:50am

Stocks

Dubai leads gains on property shares; Saudi index eases

DUBAI: Dubai shares reversed early losses to close higher on Tuesday, led by gains in property stocks, while other...

Updated 26 Aug, 2020 02:50am

Energy

Oil prices rise on storm-driven output cuts

NEW YORK: Crude oil prices rose on Tuesday, headed toward a five-month high as US producers shut most output in the...

Updated 26 Aug, 2020 02:50am

Energy

Saudi Arabia slips to 3rd-biggest in China crude supply for July

BEIJING/SINGAPORE: Saudi Arabia's crude oil exports to China fell in July, taking it out of the top two supplier...

Updated 26 Aug, 2020 02:50am

Energy

POL products: OGRA for determining price fortnightly basis

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has directed to determine price of petroleum products fortnightly...

Updated 26 Aug, 2020 02:50am

Commodities

Arabica coffee moves higher

LONDON: Arabica coffee futures on ICE were higher on Tuesday, supported by a further drawdown in exchange stocks,...

Updated 26 Aug, 2020 02:50am

Commodities

Palm oil at 4-week low

JAKARTA: Malaysian palm oil futures closed at their lowest in four weeks on Tuesday, dragged down by weak partial...

Updated 26 Aug, 2020 02:50am

Commodities

Copper prices surge

• Nickel prices hit highest since November 2019 LONDON: Copper prices rose on Tuesday supported by historically...

Updated 26 Aug, 2020 02:50am

Business & Finance

IFC makes efforts to help small and large businesses

ISLAMABAD: Since the outbreak of coronavirus, the International Finance Corporation (IFC) has made efforts to help...