News Archives for Latest - 2020-08-27

Life & Style

AAJ PROGRAM SCHEDULE

Thursday, August 27, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Updated 29 Aug, 2020 12:19pm

Industry

SME start-ups: Smeda develops one-window programme

LAHORE: The Small and Medium Enterprises Development Authority (Smeda) has developed a unique One-Window programme ...

Updated 28 Aug, 2020 03:42am

Exchange

US SEC allows more investors access to private companies

WASHINGTON: The US Securities and Exchange Commission (SEC) on Wednesday adopted changes to its decades-old...

Updated 28 Aug, 2020 03:42am

USA

New US jobless benefit claims drop to 1mn in latest week

The US has seen tens of millions of layoffs since mid-March when businesses shut down to stop the coronavirus, though the initial wave has decreased since its peak later that month.

Updated 28 Aug, 2020 12:23am

Pakistan

Permanent solution to Karachi's civic issues in offing: PM

The Prime Minister said, “We will not abandon the people of Karachi in their time of crisis.”

Published 27 Aug, 2020 11:49pm

Pakistan

Sindh Govt unprepared to deal with natural calamity: Dr Fehmida

The minister said, Sindh government failed in making proper drainage system to overcome this disaster.

Published 27 Aug, 2020 11:47pm

Pakistan

PM directs finalizing proposal of setting up IT Clusters in major cities

The prime minister was given a detailed briefing on the role of the IT sector in national economy, exports and the obstacles facing the development of the sector.

Published 27 Aug, 2020 11:44pm

Pakistan

PM directs chief secretaries to expedite application approval process in construction sector

The prime minister was informed that the fee for floor area ratio had been reduced by 55 percent, and insurance and mortgage facilities have been simplified.

Published 27 Aug, 2020 11:42pm

Pakistan

Opposition rejects money laundering bill: State Minister

He said that Pakistan Tehreek e Insaf (PTI), government didn’t have any personal issue with Opposition parties.

Published 27 Aug, 2020 11:41pm

Pakistan

Govt made changes in fuel prices policy to facilitate consumers: Nadeem

He said the country would start importing only Euro-5 standard petrol from September 1, with an aimed to provide quality fuel and tackling environmental issues.

Published 27 Aug, 2020 11:38pm

Pakistan

Non-implementation of Article 148 causes deteriorating situation in provinces especially Sindh: Fawad

The PTI set a good democratic tradition by holding 104 meetings of the federal cabinet during its two years while the previous government held only 20, he added.

Published 27 Aug, 2020 11:35pm

Pak Army establishes Flood Control Centre in Karachi

The centre will assist flood victims and will provide necessary medical care

Published 27 Aug, 2020 09:46pm

Govt fully aware of peoples' suffering, will not abandon them in time of crisis: PM

Imran Khan says government will also announce a plan to address the issue of flooding in Karachi on permanent basis

Published 27 Aug, 2020 09:10pm

Pakistan Navy continues relief, rescue operation in rain-hit areas of Karachi

Official says PN Emergency rescue teams evacuated stranded people to safer places including 55 individuals, 20 families and also recovered two dead bodies

Published 27 Aug, 2020 08:50pm

Monsoon downpour plays havoc in interior Sindh, expose poor infrastructure

In Umerkot, people were compelled to take shelter in a school as knee-deep water entered houses

Updated 27 Aug, 2020 08:46pm

Astounding videos from different areas of Karachi as rain destroys city

Citizens were shocked to see huge containers floating in rainwater on MA Jinnah Road

Updated 27 Aug, 2020 07:40pm

Sports

Eoin Morgan wary of ‘dangerous’ Pakistan ahead of T20I series

The Men in Green will present an excellent challenge for England.

Updated 27 Aug, 2020 07:20pm

Sports

Babar targets T20I ton in England series

The Limited-overs captain is also excited to see rookie Haider Ali in the side.

Updated 27 Aug, 2020 05:46pm

Peace talks between Afghan officials, Taliban to begin in September, says Abdullah Abdullah

Comments from Afghanistan's top peace negotiator comes a day after he held a telephonic conversation with Prime Minister Imran Khan about the Afghan conflict

Updated 27 Aug, 2020 05:03pm

India's offensive actions in IoK could harm region's peace, security: FO

Zahid Hafeez says world leaders should hold India accountable for its crimes against the people of Kashmir

Updated 27 Aug, 2020 04:14pm

Sports

Jason Roy ruled out of Pakistan T20Is

The right-hander sustained the injury last week during team’s preparation at the Old Trafford and underwent a scan on Wednesday.

Published 27 Aug, 2020 03:44pm

Rain continues to lash Karachi for third consecutive day

Rain will continue throughout the day.

Updated 27 Aug, 2020 03:24pm

Sports

England consider sub-continent training camp for Test squad

Root-led side could be in Sri Lanka in January for a tour that was originally halted in March because of the virus outbreak.

Updated 27 Aug, 2020 02:45pm

Sports

Promising Haider Ali set to realise his dream

Younis Khan, who is in England with the team as the batting coach, praised rookie’s work ethic.

Published 27 Aug, 2020 02:15pm

Sports

Watch: Asif Ali loses his cool in CPL

Pakistan batsman could face disciplinary action for his reaction.

Published 27 Aug, 2020 02:02pm

Sports

Dwayne Bravo becomes first player to take 500 T20 wickets

The West Indies all-rounder reached the landmark in CPL in his native Trinidad.

Published 27 Aug, 2020 01:59pm

Money & Banking

SBP Rozgar Scheme: JS Bank saves more than 90,000 jobs

The Scheme is launched to Support employment and prevent layoff of workers, provides concessional payroll financing loans to businesses for wages and salaries, if they commit to not lay off their employees for the loan period.

Published 27 Aug, 2020 01:49pm

Pakistan

Water level of Hub Dam reaches maximum capacity after torrential rains

The Hub Dam was last full in 2007.

Updated 27 Aug, 2020 01:38pm

Companies

US bars its citizens living in Pakistan from traveling through PIA

US embassy and consulate officials should not travel to the United States on any Pakistani airline, read the guidelines.

Updated 27 Aug, 2020 01:34pm

Opinion

Banks in bonus balancing act as economies shrink but markets boom

ARTICLE: Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps...

Updated 27 Aug, 2020 12:41pm

Business & Finance

CPEC Projects: Over 1,100 job vacancies opened for Shanghai Electric

Bajwa said that locals will be preferred in these jobs subject to the criteria and their qualifications.

Updated 27 Aug, 2020 12:22pm

Pakistan

Faisal Edhi, others escape drowning during rescue operation in Karachi

After half an hour, they were rescued by fishermen.

Published 27 Aug, 2020 11:58am

Business & Finance

Egyptian company keen to invest in Pakistan energy sector

The ambassador was leading a delegation of an Egyptian Energy Company TAQA with focus to explore the business opportunities in energy sector in Pakistan.

Published 27 Aug, 2020 11:47am

Business & Finance

Hammad intends to introduce one window operation in SEZs

Talking to local media, the minister said that the government is utilizing all available resources to revive SEZ’s and develop underprivileged areas of the country.

Published 27 Aug, 2020 11:26am

Commodities

Oil prices steady as Gulf of Mexico coast braces for Hurricane Laura

Brent crude futures for October, which expire on Friday, rose 13 cents, or, 0.3% to $45.77 a barrel by 0540 GMT, having fallen 22 cents, or 0.5%, on Wednesday. The more active November Brent contract was up 10 cents at $46.26 per barrel.

Published 27 Aug, 2020 11:02am

Exchange

Bank Alfalah’s PAT stood at Rs. 5.584bn amid conservative provisioning

In view of the economic impact of the pandemic, the Bank said that it has adopted a more conservative view for provision built up against advances which include subjective provisioning and general provision on account of expected credit weakening amid COVID pandemic.

Published 27 Aug, 2020 10:35am

Forex

Dollar sags as investors brace for dovish Fed signals

Powell is scheduled to address the Fed’s annual central bankers’ conference later in the day, usually held in Jackson Hole, Wyoming, but being conducted virtually this year because of the COVID-19 pandemic.

Published 27 Aug, 2020 10:18am

New Zealand judge sentences mosque shooter to life without parole for 'wicked' crimes

It is the first time a court in New Zealand sentenced a person to prison for the rest of their life.

Published 27 Aug, 2020 10:14am

Business & Finance

China's industrial profits grow at fastest pace since mid-2018

Profits at China’s industrial firms grew 19.6% on-year to 589.5 billion yuan ($85.58 billion), the statistics bureau said on Thursday, following an 11.5% increase seen in June, the National Bureau of Statistics (NBS) data showed on Thursday.

Published 27 Aug, 2020 10:15am

Stocks

Gravity-defying global stock markets to end 2020 below pre-COVID highs

Share prices have surged as much as 57% since hitting a bottom in late March, as traders and investors quickly switched their focus from what is sure to be the deepest economic recession on record to how swiftly the world may recover.

Published 27 Aug, 2020 10:12am

BR Research

National statistics

One of the biggest yet under-appreciated difficulties in managing the Covid-19 in Pakistan is the lack of accurate,...

Published 27 Aug, 2020 08:45am

BR Research

Power: Fuel mix improves, cost does not

Having stayed flat for three straight years at 122 billion electricity units till FY20, the new fiscal year has...

Published 27 Aug, 2020 08:44am

Currency

Systems: topline gains

After a strong first quarter, the leading Lahore-based software house saw its momentum slowed down a bit in the...

Published 27 Aug, 2020 08:44am

BR Research

Attock’s refineries losses half

FY20 has been an exceptionally challenging year for businesses – more so for the oil and gas refining sector. Not...

Published 27 Aug, 2020 08:42am

BR Research

Pak-Gulf Leasing Company Limited

Pak-Gulf Leasing Company Limited (PSX: PGLC) was established in 1994 as a public limited company, while it did not...

Published 27 Aug, 2020 08:39am

Life & Style

Elizabeth Debicki to play Princess Diana on seasons five and six of The Crown

“Princess Diana’s spirit, her words and her actions live in the hearts of so many,” Debicki said.

Published 27 Aug, 2020 08:30am

Punjab govt plans to set up 'commercial courts'

LAHORE: Punjab government is planning to set up special commercial courts across the province to help resolve...

Updated 27 Aug, 2020 03:37am

Petition against Shahzad Akbar disposed of

ISLAMABAD: The Islamabad High Court (IHC) has ruled that an adviser has no role either in policy matters of a...

Updated 27 Aug, 2020 03:36am

Exchange

Iran allows UN access to alleged nuclear sites

TEHRAN: Iran agreed Wednesday to allow a UN watchdog the access it has requested to two alleged nuclear sites, as ...

Updated 27 Aug, 2020 03:36am

Work begins next month: NDMA to complete cleaning of Karachi's nullahs in one year: Umar

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar said that the National...

Updated 27 Aug, 2020 03:36am

Pakistan

PIA flight operations disrupted due to monsoon

KARACHI: The flight operations of Pakistan International Airlines (PIA) have been disrupted due to monsoon season....

Updated 27 Aug, 2020 03:36am

Pakistan

Tender for ML-1 project to be issued anytime soon: Rashid

ISLAMABAD: The government is all set to issue tender of the strategic project under the China-Pakistan Economic...

Updated 27 Aug, 2020 03:36am

Pakistan

Electric buses to start running this year, says Fawad

ISLAMABAD: Minister for Science and Technology Fawad Chaudhry has announced that electric buses will operate in...

Updated 27 Aug, 2020 03:36am

Pakistan

NSCCP scam: NAB again seeks time to file reference against Ahsan

ISLAMABAD: The National Accountability Bureau (NAB) on Wednesday again sought time from the Accountability Court for...

Updated 27 Aug, 2020 03:36am

Pakistan

Murad visits rain-hit areas of Diplo

MITHI: The Chief Minister of Sindh Syed Murad Ali shah has visited the rain hit Diplo area of Tharparkar district....

Updated 27 Aug, 2020 03:36am

Pakistan

12 deaths reported in 24 hours: Coronavirus death toll reaches 6,267

ISLAMABAD: The country-wide tally of fatalities from coronavirus has reached 6,267, as 12 deaths were reported ...

Updated 27 Aug, 2020 03:36am

Pakistan

Daily-used commodities: PM for providing targeted subsidy to the poor

ISLAMABAD: Prime Minister Imran Khan has directed the secretary finance, the special assistant on social protection,...

Updated 27 Aug, 2020 03:36am

Pakistan

Haq Mehr: SC upholds PHC verdict

ISLAMABAD: The Supreme Court (SC) on Wednesday upheld the Peshawar High Court (PHC) verdict and ruled that men must...

Updated 27 Aug, 2020 03:36am

Pakistan

Rising water levels in rivers threaten floods

ISLAMABAD: Monsoon has become active over upper parts of the country producing widespread thunderstorm/rains, which...

Updated 27 Aug, 2020 03:33am

Exchange

Appointments of Hafeez, others: Amended petition filed in SC

ISLAMABAD: The Supreme Court has been urged to declare the appointments of Dr Hafeez Sheikh, advisor to the prime...

Updated 27 Aug, 2020 03:33am

Pakistan

Qureshi briefs NA body about talks with Taliban team

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Wednesday reiterated that there was no military solution to the...

Updated 27 Aug, 2020 03:33am

Pakistan

Senate body passes 'Press Council of Pakistan Amendment Bill 2020'

ISLAMABAD: The Senate Standing Committee on Information and Broadcasting on Wednesday unanimously passed the "Press...

Updated 27 Aug, 2020 03:33am

Pakistan

Four more die; 201 new cases of Covid-19 registered: Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that four patients died overnight lifting the death toll...

Updated 27 Aug, 2020 03:33am

Pakistan

Civic issues: Kamal urges federal govt to intervene

KARACHI: Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Wednesday said the problems of this city can never...

Updated 27 Aug, 2020 03:33am

Pakistan

Sindh govt 'on ground' to solve people's problems: minister

KARACHI: Sindh Minister for Information and Local Government Syed Nasir Hussain Shah has said that the people should...

Updated 27 Aug, 2020 03:33am

Pakistan

Keamari district: SHC seeks law and procedure for creation

KARACHI: Sindh High Court (SHC) on Wednesday sought the law and procedure for creation of new district from the...

Updated 27 Aug, 2020 03:33am

Pakistan

Monsoon system of moderate intensity continues to penetrate Sindh

KARACHI: The Met Office on Wednesday said the monsoon system of a moderate intensity continues to penetrate into...

Updated 27 Aug, 2020 03:33am

Pakistan

AskariBankGreenDay organised

KARACHI: #AskariBankGreenDay was organised across Pakistan for the second consecutive year on Wednesday. Over 500...

Updated 27 Aug, 2020 03:30am

Pakistan

Karachi mayor says won't flee the country

KARACHI: Mayor Karachi Wasim Akhtar on Wednesday said he would not flee the country after his tenure comes to an ...

Updated 27 Aug, 2020 03:29am

Pakistan

LG elections in Sindh: SHC seeks replies from election commissions

KARACHI: Sindh High Court (SHC) on Wednesday sought the replies from federal and provincial election commissions ...

Updated 27 Aug, 2020 03:29am

Pakistan

Tree-plantation campaign begins at IIUI

ISLAMABAD: The tree plantation campaign commenced here Wednesday at International Islamic University Islamabad...

Updated 27 Aug, 2020 03:29am

Pakistan

Indian govt's flawed approach to Covid-19 challenge highlighted

ISLAMABAD: Despite ending its lockdown early and when Pakistan managed to flatten the Covid-19 curve, many...

Updated 27 Aug, 2020 03:29am

Pakistan

Murder of Arshad Pappu: Uzair Baloch indicted

KARACHI: A Karachi Anti-Terrorism Court indicted on Wednesday Lyari gang leader Uzair Baloch on amended charges in...

Updated 27 Aug, 2020 03:29am

Pakistan

Government accords approval to Punjab Shelter Homes Authority

LAHORE: The Punjab government on Wednesday gave in-principle approval to setting up Punjab Shelter Homes Authority ...

Updated 27 Aug, 2020 03:29am

Pakistan

Only 15pc farmers have access to formal financial credit

LAHORE: Only 15 percent of farmers in Pakistan have access to the formal credit while this ratio is further ...

Updated 27 Aug, 2020 03:29am

World

Greece, Turkey draw in allies in Mediterranean war games

ATHENS: Greece and its EU allies held war games in the Mediterranean on Wednesday while Turkey conducted drills with...

Updated 27 Aug, 2020 03:29am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (August 26, 2020) and the forecast for Thursday (August 27, 2020)....

Updated 27 Aug, 2020 03:29am

Stocks

Alibaba shares leap after Ant Group IPO filing

HONG KONG: Shares in Chinese e-commerce giant Alibaba jumped to a new record Wednesday morning, a day after the...

Updated 27 Aug, 2020 03:24am

Stocks

European stocks climb

MILAN/FRANKFURT: European stocks closed higher on Wednesday as news of additional stimulus in Germany and ...

Updated 27 Aug, 2020 03:24am

Stocks

Most Gulf bourses fall; Saudi index up

DUBAI: Most major stock markets in the Gulf ended lower on Wednesday, pressured by losses in financial shares,...

Updated 27 Aug, 2020 03:24am

Energy

Oil prices steady

NEW YORK: Oil prices steadied on Wednesday, pressured by worries about the demand outlook during the coronavirus...

Updated 27 Aug, 2020 03:24am

Energy

US natural gas futures ease for falling demand

NEW YORK: US natural gas futures eased on Tuesday on forecasts for less demand over the next two weeks than...

Updated 27 Aug, 2020 03:23am

Energy

SAPM, Egypt envoy discuss scope in energy sector

ISLAMABAD: Tarek Dahrough, ambassador of Egypt to Pakistan, called on Special Assistant to Prime Minister on...

Updated 27 Aug, 2020 03:23am

Commodities

CBOT corn extends rally on Chinese demand

CHICAGO: Chicago Board of Trade corn futures rallied on Tuesday, rising 2.6% to notch their third straight day of...

Updated 27 Aug, 2020 03:23am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.394 billion and...

Updated 27 Aug, 2020 03:23am

Business & Finance

UK economy loses £22bn as virus ravages tourism

LONDON: Britain's economy will lose about £22 billion ($29 billion, 24 billion euros) this year on the...

Updated 27 Aug, 2020 03:22am

Business & Finance

WEF postpones 2021 Davos summit

GENEVA: The World Economic Forum said Wednesday it would postpone its 2021 Davos summit for several months to reduce...

Updated 27 Aug, 2020 03:22am

Business & Finance

IT export revenue: GST 'issue' to be taken up with Sindh CM: Amin

ISLAMABAD: The federal government has decided to take up the sales tax issue on information technology exports...

Updated 27 Aug, 2020 03:22am

Business & Finance

FATF urged to help block funding of RSS activities

ISLAMABAD: Pakistan urged the Financial Action Task Force (FATF) on Wednesday to block illegal funding for an Indian...

Updated 27 Aug, 2020 03:21am

World

Could injectable microrobots one day run in your veins?

LONDON: Scientists have created an army of microscopic four-legged robots too small to see with the naked eye that...

Updated 27 Aug, 2020 03:20am

USA

NY's Central Park inaugurates statue of 'real women,' a first

NEW YORK: It's a small but significant foot in the door of an urban landscape completely dominated by white men: On...

Updated 27 Aug, 2020 03:13am

World

Hurricane Laura set to build to Category 4, slam US south coast

LAKE CHARLES, (United States): Hurricane Laura is due to strengthen to Category 4 before slamming into the US south...

Updated 27 Aug, 2020 03:11am

World

N-word dropped from French edition of Agatha Christie novel

PARIS: The French translation of Agatha Christie's hit novel "And Then There Were None" will change its title to...

Updated 27 Aug, 2020 03:11am

World

EU suspends Mali training missions after coup

BERLIN: The EU has suspended its training missions in Mali after the armed forces seized power in a coup, officials...

Updated 27 Aug, 2020 03:11am

Imran phones Abdullah, emphasises importance of Pak-Afghan ties

ISLAMABAD: Prime Minister Imran Khan made a telephone call to Dr Abdullah Abdullah, chairman, High Council for...