News Archives for Latest - 2020-08-31

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Archive - 2020-08-31

BR Research

PMPK: better margins

After suffering nearly two billion rupees in losses in CY19, the maker of Marlboro is reversing the tide this year....

Updated 01 Sep, 2020 08:40am

Europe

EU offers 400mn euros to WHO-led COVID-19 vaccine initiative

The initiative, dubbed COVAX, aims to purchase for all countries in the world 2 billion doses of potential COVID-19 shots from several vaccine makers by the end of 2021.

Published 31 Aug, 2020 11:58pm

Currency

Euro up, dollar down: August ends with new milestones

Against a basket of currencies the dollar was flat at 92.256 in midday trading in Europe and is down 1.28pc for the month.

Published 31 Aug, 2020 11:52pm

Commodities

Algeria tenders to buy 50,000 tonnes feed barley

Origin is optional and tender deadline is Sept. 2, with offers remaining valid until Sept. 3, they said.

Published 31 Aug, 2020 11:49pm

Commodities

Ukraine sees 2020/21 grain exports falling 16pc to 47.4mn T

The overall grain crop is likely to total 68.1 million tonnes, down from a record 75 million tonnes in 2019.

Published 31 Aug, 2020 11:48pm

World

COVID-19 can wipe out health care progress in short order: WHO

Since COVID-19 cases were first identified in December last year, the virus is thought to have killed nearly 850,000 people, the latest Reuters tally showed.

Published 31 Aug, 2020 11:45pm

Europe

Russia to vaccinate high risk groups against COVID-19 towards end of year

Russia this month became the first country to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing.

Published 31 Aug, 2020 11:42pm

Pakistan

Distance learning top priority of education ministry due to COVID-19: Shafqat

He said concrete steps were also being taken to develop a mechanism to connect teachers and students.

Published 31 Aug, 2020 11:38pm

Pakistan

Fawad urges to plan now for next monsoon

In a tweet, the federal minister said, “The problem is that when rain stops today and things get normal in a few days, we will forget everything and go on with our routine lives".

Published 31 Aug, 2020 11:20pm

Pakistan

FPCCI stresses measures for rehabilitation of Karachi

They called upon the Federal and Sindh governments to immediately and urgently take rehabilitation measures to restore normality in Karachi.

Published 31 Aug, 2020 11:18pm

Pakistan

CM Sindh urges civic agencies to clear city irrespective of jurisdiction issue

Syed Murad Ali Shah issued directives for opening all the inundated, or closed areas to traffic by removing water or garbage and in the second phase wash them.

Published 31 Aug, 2020 11:15pm

Pakistan

Pakistan, Saudi Arabia enjoy strong, historic bilateral relations: FM

Qureshi further said that a large number of Pakistani expatriates had been staying in Saudi Arabia for years and playing role in the progress and development of the kingdom.

Published 31 Aug, 2020 11:13pm

Pakistan

Dr Fehmida concerned about Sindh’s situation

She said the recent rains have exposed the tall claims of the 12-year rule and development of the Sindh government.

Published 31 Aug, 2020 11:11pm

Exchange

Opposition wants NRO in exchange for its support of FATF legislation: Shibli Faraz

Addressing a press conference here, he said while opposing FATF legislation, the opposition did everything to push Pakistan into the black list of FATF.

Published 31 Aug, 2020 11:08pm

Pakistan

PTI govt. fully committed to remove sense of deprivation among South Punjab people: Qureshi

The PTI’s government had proved with the concrete steps that it was committed to fulfill its promises made with the people of the area, he added.

Published 31 Aug, 2020 11:07pm

Pakistan

KP CM holds meeting to discuss gas, electricity problems

The SNGPL authorities were further directed to fulfill all the commitments made to the local population of District Karak and to take necessary steps in this regard on priority basis.

Published 31 Aug, 2020 11:04pm

Pakistan

Six Covid-19 deaths reported across country: NCOC

He said 280,682 patients had been recovered while 604 were in critical condition with only three during last 24 hours.

Published 31 Aug, 2020 11:03pm

Pakistan

Govt trying to ensure provision of quality healthcare services to patients

She said this during a meeting a delegation of the Pakistan Medical Association (PMA) at the Specialized Healthcare and Medical Education department here on Monday.

Published 31 Aug, 2020 11:01pm

Pakistan

Local LPG price increases by Rs18.83 per 11.8-kg cylinder

According to the notification, the authority has increased the locally produced LPG price by Rs. 18.83 per cylinder of 11.8 kilogram.

Published 31 Aug, 2020 10:59pm

Pakistan

Vawda for collective efforts to resolve Karachi’s issues

He said the Pakistan Peoples’ Party was ruling in Sindh since 12 years but it was totally exposed and failed in delivering for welfare of people of the province.

Published 31 Aug, 2020 10:57pm

Pakistan

American Business Council presents Rs17mn cheque to PM for Corona Relief Fund

The government on priority basis had announced incentives for the construction sector so that not only this sector could thrive, but also its allied industries could also progress, he added.

Published 31 Aug, 2020 10:54pm

Pakistan

PM disapproves recommendations over petroleum products price hike

The prime minister said that people were already facing high food inflation and needed some reprieve, especially because of heavy rains.

Published 31 Aug, 2020 10:52pm

Pakistan

NEPRA imposes fine on K-Electric for excessive load-shedding

The NEPRA Authority has imposed a fine of PKR. 200 million on K-Electric for carrying-out excessive load-shedding in Karachi during the months of June and July, 2020 and violating NEPRA Act.

Published 31 Aug, 2020 10:50pm

Pakistan

Pakistan Army relief efforts continue with all out support in flood-hit Karachi

Army Mobile Recovery vehicles deployed at various choke points were shifting faulty vehicles to aside to keep flow of traffic, it added.

Published 31 Aug, 2020 10:46pm

Pakistan

PM wants to resolve Karachi’s issues: Dr Gill

He said the Army and National Disaster Management Authority (NDMA) were effectively working to provide relief to the people of Karachi in this critical situation.

Published 31 Aug, 2020 10:44pm

Pakistan

PM will announce financial package to resolve Karachi issues: Ismail

Talking to a private television channel program, he said that the package for Karachi could be made from 100 to 150 billion rupees.

Published 31 Aug, 2020 10:43pm

Pakistan

10 new COVID-19 positive cases reported in Balochistan

As many as 11,794 affected patients have been recovered from the coronavirus so far, while 141 deaths were recorded due to the deadly virus in Balochistan.

Published 31 Aug, 2020 10:34pm

China's new rules over tech exports complicate TikTok selling

Beijing's move has called Trump's bluff on TikTok and opened up the possibility that the app could be sold to an American buyer to avoid a ban on its business in the United States

Updated 31 Aug, 2020 09:41pm

South Asia

India's foreign minister says favourable US visa policy would be good for both countries

That is an opportunity for India and it is an opportunity which should be reflected to some degree in American immigration policies.
Indians made up 72 percent of the some 388,000 H-1B visa petitions approved in fiscal-year 2019.

Published 31 Aug, 2020 09:33pm

Stocks

European shares end lower on dismal inflation data, gain for August

France's Suez tops STOXX 600 on merger talks.
German, Italian inflation comes below expectations.
STOXX 600 gains about 2.9% in August.
Travel and leisure stocks outperform in August.

Published 31 Aug, 2020 09:13pm

USA

US passes 6 million Covid-19 cases: Johns Hopkins

Global coronavirus infections have soared past 25 million.

Published 31 Aug, 2020 09:20pm

Forex

Dollar hits two-year low, fourth month of losses on Fed inflation mandate

Dollar index hits two-year low.
August is dollar's fourth straight month of losses.
August is euro's fourth straight month of gains.

Published 31 Aug, 2020 09:09pm

Forex

South Africa's rand falls as local politics weigh

Rand was 2.26% weaker at 16.9500 per dollar compared to its close on Friday. It had rallied more than 2% at the end of last week.
The rally was restrained by squabbling between opposing factions of the ANC over corruption.

Published 31 Aug, 2020 08:56pm

Energy

Oil steady as prices struggle to break through demand uncertainty

ADNOC cuts Asia crude supplies in Oct by 30% -sources.
Brent set for 5th monthly gain; 4th mth for WTI.
China's crude imports set for first fall in 5 months.

Published 31 Aug, 2020 08:54pm

World

'Wake-up call': World Bank hopes Lebanese blast will spur reform

World Banks calls Beirut blast self-inflicted wound.
Estimates damage will cost billions of dollars to repair.
Says aid will depend on transparency, judicial reform.

Published 31 Aug, 2020 08:49pm

Stocks

TSX set for fifth straight monthly gain on rebound hopes

The energy sector dropped 2.2% as oil prices steadied, with Brent slipping from a five-month high as global demand struggles.
The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2% even as gold futures fell 0.2% to $1,960.7 an ounce.

Published 31 Aug, 2020 08:39pm

Industry

Turkish Airlines slashes wages to overcome coronavirus but avoids layoffs

The flagship carrier will cut pilot wages by 50%, cabin crew wages by 35% and other personnel wages by 30%.
Turkish Airlines later confirmed that it had signed a deal with the union but gave no details.

Published 31 Aug, 2020 08:36pm

Industry

Nestle gets peanut allergy treatment with $2bn Aimmune buyout

Nestle said on Monday its offer for Aimmune values the California-based drugmaker.
Aimmune's shares more than doubled on Monday, just shy of Nestle's offer price of $34.50 per share.

Published 31 Aug, 2020 08:32pm

Financial

Italy's bond yields rise to highest in almost 6 weeks

Her comments suggest the ECB will resist an immediate response to the euro's strength as long as it is seen as a sign of confidence in the euro area recovery.
Italian EU-harmonised consumer prices came in at a preliminary -1.3% month-on-month in August.

Published 31 Aug, 2020 08:27pm

Exchange

Rupee makes strong recovery against dollar

The buying and selling rates of dollar were recorded at Rs166.5 and Rs168 respectively.

Published 31 Aug, 2020 08:30pm

Pakistan

Gold price increase Rs700, sold at Rs117,400 per tola

The price of per tola silver increased by Rs20.

Published 31 Aug, 2020 08:29pm

Forex

Brazil's real slides as public sector debt soars, Colombian peso firms

Brazil's public sector debt hits 86.5% of GDP.
Colombian peso extends four-day winning streak.
Chile's stock index slides as manufacturing activity falls.
LatAm FX index set for biggest monthly decline since March.

Updated 31 Aug, 2020 08:27pm

Pakistan

COVID-19 Response; EU pays WHO € 2.5 million to support Pakistan

This contribution is part of the EU’s dedicated €150 million package to the COVID-19 crisis in Pakistan.

Published 31 Aug, 2020 08:25pm

Business & Finance

Virus hits 2Q earnings of Russian carrier Aeroflot

The pandemic has slashed ridership with an 88.8 percent reduction in numbers from Q2 last year from 15.4 to 1.7 million passengers.

Published 31 Aug, 2020 08:17pm

South Asia

India economic growth hit by record slump after virus lockdown

The nation of 1.3 billion also has the third-highest number of infections worldwide.

Published 31 Aug, 2020 08:13pm

Forex

Canadian dollar near 7-month high after upbeat Chinese data

Loonie gains 0.3% against the greenback.
Canadian producer prices rise by 0.7% in July.
Price of US oil increases 0.2%.
Canadian bond yields rise across a steeper curve.

Published 31 Aug, 2020 07:49pm

Stocks

Apple, Tesla shares pop after stock splits

Apple's previous stock split was 7-for-1 in 2014 and its fifth since going public in 1980.
Apple shares closed at $499.23 before the split on Friday, up 70% this year.

Published 31 Aug, 2020 07:46pm

Stocks

S&P 500 stalls at record level, set for best August in 36 years

Tesla, Apple advance as stock split takes effect.
Aimmune Therapeutics soars on Nestle's $2 bln buyout offer.
Suitors for Tiktok US slip as deal may need China nod.
Indexes: Dow down 0.49%, S&P slips 0.10%, Nasdaq up 0.30%.

Published 31 Aug, 2020 07:45pm

Energy

US natgas futures retreat from 9-month peak on cooler weather view

There is a weather change. It is going to be cooler-than-normal, which is going to reduce demand," said Phil Flynn.
Refinitiv data indicated 151 cooling degree days (CDDs) in the Lower 48 states over the next two weeks, declining from 175 CDDs in the prior day.

Published 31 Aug, 2020 07:43pm

Forex

Rouble falls again after brief recovery, geopolitical risks in focus

The rouble slipped 0.3% to 74.20 versus the dollar as of 1409 GMT, heading away from the session peak of 73.61.
The rouble is widely expected to recover ground over the next year when political risks subside, a Reuters monthly poll showed on Monday.

Published 31 Aug, 2020 07:40pm

Financial

Longer-term yields inch lower as market seeks Fed policy details

The benchmark 10-year yield was last down 1.1 basis points at 0.7179%. The market will be digging into remarks from several Fed officials scheduled to speak this week.
The two-year US Treasury yield, which typically moves in step with interest rate expectations, was last unchanged at 0.1348%.

Published 31 Aug, 2020 07:27pm

Energy

US shale boom's legacy: Overpriced deals, unwanted assets

The prospect for relief is limited: the industry is still working through the shock of a historic collapse in fuel demand in such a short period of time,
The shale revolution turned the United States into the world's largest crude producer, pumping out more than 12 million barrels per day (bpd) at its peak.

Published 31 Aug, 2020 07:22pm

Industry

Reliance Future-proofs retail arm as it seeks to woo investors

The acquisition of Future Group's 2,000 retail stores and Big Bazaar grocery chain will help Reliance.
With this deal, Reliance's dominance in the Indian market increases further and the valuation that Reliance Retail will now command will be even more

Published 31 Aug, 2020 07:19pm

Sports

Root left out of England T20 squad for Australia series

All-rounder Ben Stokes, who missed the last two test matches against Pakistan to visit his father who was diagnosed with brain cancer.
Batsman Jos Buttler and fast bowlers Jofra Archer, Sam Curran and Mark Wood have been named in both squads.

Published 31 Aug, 2020 07:16pm

Commodities

Gold steadies, but set for first monthly dip in 5

Dollar set for fourth consecutive monthly decline.
Gold on track for first monthly fall in five.
Silver heads for fifth straight monthly gain.

Published 31 Aug, 2020 07:13pm

Sports

Djokovic, Osaka in action as very different US Open begins

World number one Djokovic will play Bosnian Damir Dzumhur as he begins his bid for an 18th Grand Slam title.
The COVID-19 crisis has already had an impact on the tournament, with one player dropping out on Sunday after testing positive before the event began.

Published 31 Aug, 2020 07:11pm

Commodities

Canadian wheat crop looks biggest in 7 years, canola harvest smaller

Brian Voth, president of IntelliFARM, was skeptical of the high wheat estimates, on a call to discuss the results organized by MGEX.
"As harvest got underway, a lot of the yields were disappointing from what they looked like (earlier)," he said.

Published 31 Aug, 2020 07:05pm

Commodities

Corn, soybeans rise on worry US dryness stressing crops

Soybeans rose to hit their highest in over two-years, while wheat was set to finish August up.
There is considerable market attention on the weekly US crop conditions report from the US Department of Agriculture (USDA) due late on Monday.

Published 31 Aug, 2020 07:03pm

Exchange

China copper firm Daye ups output target after loss, delays smelter launch

Daye lifts 2020 copper cathode output target by 5,000 tonnes.
Says managed to operate above 80% capacity even in Feb-March.
New 400,000 tpy smelter will now start up in 2022, not 2021.

Published 31 Aug, 2020 07:01pm

South Asia

India accuses China of new 'provocative' border action

On June 15, troops from the two sides fought hand-to-hand combat in which 20 Indian troops were killed.

Published 31 Aug, 2020 07:01pm

Money & Banking

Indian central bank announces new measures to maintain market stability

The central bank said it would also raise the ratio of securities that banks can hold until maturity within their SLR or mandatory bond holding requirement.
The RBI remains committed to use all instruments at its command to revive the economy by maintaining congenial financial conditions.

Published 31 Aug, 2020 06:59pm

Africa

Ghana to reopen international airport after five months

The virus has so far infected 44,205 people, claimed 276 lives.

Published 31 Aug, 2020 06:58pm

Forex

Euro up, dollar down: August ends with new milestones

Euro set for fourth month of gains
Dollar faces worst August in 5 years
Investor adjust to Fed inflation policy shift
Sterling remains on 2020 highs
Yen steadies as investors bet Abenomics survives
China services growth drives yuan to 14-month top

Published 31 Aug, 2020 06:57pm

Energy

Brent hits 5-mth high on Abu Dhabi supply cuts, China data

ADNOC cuts Asia crude supplies in Oct by 30% -sources.
Brent set for 5th monthly gain; 4th mth for WTI.
China's crude imports set for first fall in 5 months.

Published 31 Aug, 2020 06:55pm

Middle East

Israel-UAE flight may start 'historic' Mideast journey: Kushner

The historic flight was carrying a joint US-Israeli delegation.

Published 31 Aug, 2020 06:55pm

Money & Banking

China central bank says it will improve benchmark interest rate system

Improving China's benchmark interest rate system would help build up financial markets, deepen market-based interest rate reforms and improve monetary policy management,
development priority of China's interbank benchmark interest rate system was to promote the wide application of various benchmark interest rates.

Published 31 Aug, 2020 06:52pm

Middle East

WFP warns 2.2 million more Syrians risk hunger

Damascus has blamed Western sanctions for its struggling economy.

Published 31 Aug, 2020 06:53pm

Currency

Virus-hit Turkish economy shrinks by 9.9pc

Lira has lost roughly fifth of its value against the dollar this year.
Annual inflation is hovering around 12 percent.

Published 31 Aug, 2020 06:51pm

Companies

GSK, partner Vir join race to find COVID-19 antibody treatment

GSK, which in April moved to invest $250 million in Vir and agreed to collaborate on the antibody, is behind some peers in developing the class.
Eli Lilly, working with biotech firm AbCellera, early this month started testing whether their antibody can prevent the infections in nursing homes.

Published 31 Aug, 2020 06:49pm

Europe

Macron to hold top-level talks in Baghdad Wednesday: Iraq officials

Two other Iraqi officials confirmed the visit.
Macron's office has yet to publically confirm the trip.

Published 31 Aug, 2020 06:49pm

Stocks

Sri Lankan shares snap four-day losing streak as industrials, consumer staples gain

The benchmark CSE All Share Index closed 0.16% higher at 5,329.33.
Gains were capped by investment manager Browns Investments Plc, which shed 4.17%.

Published 31 Aug, 2020 06:46pm

Middle East

Israeli, US officials arrive in UAE on historic trip to finalise accord

Trip makes history by overflying Saudi Arabia.
Deal is first such Israel-Arab accord in over 20 years.
Countries brought together by worries over Iran.
"We are all children of God", says Kushner.
Three killed in blasts in Abu Dhabi, Dubai.

Published 31 Aug, 2020 06:36pm

Scientists see downsides to top COVID-19 vaccines from Russia, China

Experts say vaccines are based on a common cold virus that many people have been exposed to, potentially limiting their effectiveness

Published 31 Aug, 2020 06:36pm

Industry

No reset, no bottom for GE yet: J.P. Morgan

The bank's Stephen Tusa, among the bearish group of analysts on GE who have predicted its fall from grace over the last three years.
GE shares fell about 1% to $6.54 in premarket trade, adding to a steep decline that has seen the company lose more than 40% of its market value this year.

Published 31 Aug, 2020 06:33pm

Commodities

Ukraine sees 2020/21 grain exports falling 16pc to 47.4mn tonnes

That includes 17.5 million tonnes of wheat, 26 million tonnes of corn and 3.3 million tonnes of barley.
The overall grain crop is likely to total 68.1 million tonnes, down from a record 75 million tonnes in 2019.

Published 31 Aug, 2020 06:30pm

Exchange

ECB policy calibrated to deal with pandemic resurgence, says Schnabel

No need for now to adjust policy stance.
Not worried about exchange rate developments.
Euro zone market fragmentation has declined.
May have to call off in-person meeting on Sept 10.

Published 31 Aug, 2020 06:27pm

Europe

Invest COVID-19 aid funds selectively, says IMF chief

More than 100 countries have requested emergency financing assistance from the IMF so far.
The same way the virus hits people with preconditions the hardest, the economic crisis hits countries with weak policies, not sufficient oversight the hardest.

Published 31 Aug, 2020 06:24pm

South Asia

Former Indian President Pranab Mukherjee passes away

A veteran politician who served as foreign and finance minister in previous administrations.
Mukherjee had tested positive for COVID-19 on August 10 and had been hospitalised since.

Published 31 Aug, 2020 06:19pm

Pakistan

Man tries to molest eight-year-old girl in Rajanpur City, saved by motorcyclist

Accused used to lure the girls by offering them mobile phone and candies

Updated 31 Aug, 2020 06:22pm

Europe

Ireland's Coveney signals interest in EU Commission role

EU executive chief Ursula von der Leyen said last Thursday that the Irish government should propose a man and a woman as potential successors.
I'm not ruling myself out but this is subject to a decision of the Taoiseach (prime minister) and (coalition) party leaders.

Published 31 Aug, 2020 06:13pm

USA

Low unemployment alone not enough to justify Fed rate hikes, Clarida says

Econometric models," particularly those including a necessary tradeoff with falling unemployment leading to higher inflation.
If policy seeks only to return inflation to 2% following a downturn," Clarida said.

Published 31 Aug, 2020 06:11pm

Europe

VAT cut pushes German inflation into negative territory

Harmonised consumer price index drops to -0.1% in August.
Government's stimulus measures carry deflationary risks.

Published 31 Aug, 2020 06:06pm

Exchange

Nestle to snap up US allergy specialist Aimmune

The transaction is expected to be completed during the final three months of the year.

Published 31 Aug, 2020 06:07pm

Stocks

European stocks firmer, Asia mixed

Hong Kong down one percent as Shanghai dipped 0.2 percent.

Published 31 Aug, 2020 06:04pm

Europe

Italy plunges into recession as virus bites

A recession is commonly defined as two consecutive periods of a quarter-on-quarter drop in GDP.

Published 31 Aug, 2020 06:02pm

Africa

Sudan government and rebel groups agree peace deal

Conflict in South Kordofan and Blue Nile erupted in 2011, in the wake of South Sudan's independence, resuming two decades of war.

Published 31 Aug, 2020 06:00pm

Exchange

Russian energy giant Gazprom posts massive slump in first half

Gazprom announced a 17 percent drop in net profit last year compared to 2018.

Published 31 Aug, 2020 05:57pm

Europe

Belarus leader proposes vote on constitution reforms

Russia has backed constitutional reforms.

Published 31 Aug, 2020 05:56pm

Europe

Merkel condemns 'shameful' virus parliament protest

Several hundred broke through barriers and a police cordon to climb the steps leading to the entrance to the Reichstag.

Published 31 Aug, 2020 05:54pm

Middle East

UAE flies aid to Syria to help battle coronavirus

Syria's government has announced 2,703 cases of Covid-19 and 109 deaths in areas under its control.

Published 31 Aug, 2020 05:50pm

South Asia

Lebanon designates new PM as Macron visits

Lebanon's last government resigned after the massive explosion.

Published 31 Aug, 2020 05:47pm

Prices of petroleum products to remain unchanged, orders PM

Prime minister took the decision in wake of widespread destruction from monsoon rains that played havoc across the country

Updated 31 Aug, 2020 05:03pm

Forex

Pakistani Rupee recovers against greenback, as US Dollar drops globally

As per details, the USD is currently trading at Rs166.60 against the PKR at the interbank forex market, informed currency dealers.

Published 31 Aug, 2020 04:22pm

Sports

Amir unlikely for third T20I against England

The 28-year-old suffered a hamstring injury during second T20I on Sunday.

Published 31 Aug, 2020 03:53pm

Cannot turn a blind eye to plight of Karachi people: PM orders finalization of Karachi Transformation Plan

The federation will play its full role for the solution and development of Karachi's problems," the PM said.

Updated 31 Aug, 2020 03:51pm

LG system cease operation in Sindh after expiry of four-year term

A notification issued by Sindh government states the elected and nominated people shall be responsible to settle individual liability and return assets

Updated 31 Aug, 2020 03:16pm

World

Chinese troops never cross the line of actual control at Indian border, says foreign ministry

Both sides are in communication regarding the situation on the ground, Chinese foreign ministry spokesman Zhao Lijian said.

Published 31 Aug, 2020 03:07pm

Business & Finance

Another POL bomb in the offing

After the approval of Prime Minister Imran Khan, the new prices will be applicable from September 1.

Published 31 Aug, 2020 02:48pm

Money & Banking

China's big banks report biggest profit falls as bad loans rise

All five reported their biggest profit falls in at least a decade and an increase in soured loans when announcing their half-year results on Sunday and last week.

Published 31 Aug, 2020 02:59pm

Sports

Messi contract is valid, says La Liga

Argentine’s failure to show for his medical underlined the 33-year-old's determination to leave the club.

Published 31 Aug, 2020 03:00pm

Sports

Djokovic in action on day one at US Open bubble

"It is strange. The circumstances are very unusual but we have to deal with it and try to embrace it."

Updated 31 Aug, 2020 03:00pm

Industry

State of Industry Report 2019: KE performance remains unsatisfactory in 2018-19

As per the report, the installed capacity of KE’s own generation fleet during FY 2018-19 has been noted as 2,294 MW same as compared to FY 2017-18.

Published 31 Aug, 2020 02:31pm

Sports

‘FA handling of Maguire situation a mess’

United legend Wayne Rooney says the truth would come out in a retrial and the defender would clear his name.

Updated 31 Aug, 2020 02:28pm

DHA, Clifton residents protest against incompetence of CBC officials

Irate residents say they pay millions in taxes but are still deprived of basic amenities

Updated 31 Aug, 2020 02:24pm

Sports

Babar Azam disappointed with bowling performance in second England T20I

Hosts won the second T20I by five wickets after successfully chasing 196-run target.

Published 31 Aug, 2020 01:41pm

Business & Finance

Punjab prepares biometric system for property sale, purchase

With the upcoming biometric project of the Revenue Department of Punjab, citizens, landowners will be able to buy and sell property from the comforts of their home without going to the property registration (registrar) offices using the modern biometric system.

Published 31 Aug, 2020 01:39pm

Sports

IPL franchises see glass half-full despite financial hit from Covid-19

The tournament’s original March start was postponed by the first wave of the novel coronavirus.

Published 31 Aug, 2020 01:38pm

PM says he will take tough action against those who incite sectarianism

He said he was informed of elements who tried to ignite flames of sectarianism on Ashura.

Updated 31 Aug, 2020 01:19pm

Pakistan

Spillways of Mangla, Rawal dams opened amid rains

As per details, the water level in Mangla Dam has reached 1241.30 feet while the storage capacity is 1242 feet.

Published 31 Aug, 2020 01:01pm

Technology

Huawei ends Australian rugby league team sponsorship amid political tensions

The move comes amid strained relations between Australia and China as Canberra seeks to curtail Beijing’s influence amid concerns over issues including trade and security.

Published 31 Aug, 2020 12:52pm

Business & Finance

Federal cabinet to determine criteria and timing for airports outsourcing

Under the 14-point agenda of the meeting, the Cabinet will also be briefed on the import of wheat and sugar.

Updated 31 Aug, 2020 12:38pm

First Israel-UAE commercial flight may cross Saudi airspace today

Flight carries US President Donald Trump’s senior adviser Jared Kushner and US National Security Adviser Robert O’Brien.

Published 31 Aug, 2020 11:40am

Technology

Facebook India executive under fire for promoting Modi’s BJP on employees group

Ankhi Das, Facebook India executive also detailed efforts to help the party win the 2014 national election, the Wall Street Journal said in its latest report.

Published 31 Aug, 2020 11:34am

Life & Style

TikTok celebrities criminally charged for hosting house parties during pandemic

The internet celebrities with millions of followers on TikTok share a home and allegedly held two parties less than a week apart.

Published 31 Aug, 2020 10:58am

Life & Style

JK Rowling returns humanitarian award from group linked to Kennedy family

Rowling’s decision comes after the president of the organisation criticised her comments about transgender issues.

Updated 31 Aug, 2020 11:03am

Currency

Pakistan condemns desecration of Holy Quran in Norway, Sweden

FO said the rise of such Islamophobic occurrences goes against the spirit of any religion.

Published 31 Aug, 2020 10:17am

Currency

Dollar drifts toward worst Aug in five years; Abenomics outlook steadies yen

Chief Cabinet Secretary Yoshihide Suga, a long-time lieutenant of Shinzo Abe is in a favourable position, Japanese media reported, as he is expected to get the backing of important factions within his ruling party.

Published 31 Aug, 2020 10:21am

Commodities

Oil rises on stimulus support and China data, set for monthly gains

Brent crude futures for November climbed 28 cents, or 0.6%, to $46.09 a barrel by 0435 GMT, while U.S. West Texas Intermediate crude was at $43.15 a barrel, up 18 cents, or 0.4%.

Published 31 Aug, 2020 10:18am

Currency

Asian stocks reach 29-month top, China services surprisingly strong

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% to reach its highest since March 2018, extending a 2.8% gain last week.

Published 31 Aug, 2020 10:14am

Business & Finance

Telco SoftBank shares fall 3% as parent slashes stake

SoftBank Group’s shares were up almost 5% as a series of massive asset sales and share buybacks continue to fuel its climb from March lows.

Published 31 Aug, 2020 10:12am

Business & Finance

Growth in China's services sector accelerates in August: official PMI

The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 55.2 from 54.2 in July, data from the National Bureau of Statistics (NBS) showed. The 50-point mark separates growth from contraction on a monthly basis.

Published 31 Aug, 2020 10:08am

Pakistan

Brighto Paints opens second showroom in Qatar, another win for the global Pakistani community

Brighto Paints has made continuous efforts to solidify relations with the State of Qatar as shown by the fact that H.E Syed Ahsan Raza Shah the ambassador to Qatar was present at the opening of this second Brighto Paints showroom.

Published 31 Aug, 2020 09:00am

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Currency	Rate
USD PKR Interbank Selling / Jul 3	278.32
USD PKR Interbank Buying / Jul 3	278.12
USD to Japanese Yen / Jul 3	161.34
USD to Swiss Franc / Jul 3	0.80
Pound Sterling to USD / Jul 3	1.34
Euro to USD / Jul 3	1.14
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S&P 500 / Jul 2	7,483.24
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Dow Jones / Jul 2	52,900.07
India Sensex / Jul 3	77,938.16
Tokyo Nikkei / Jul 3	69,243.68
Hang Seng / Jul 3	23,310.80
FTSE 100 / Jul 3	10,679.03
Germany DAX 30 / Jul 3	25,779.31
France CAC40 / Jul 3	8,508.07

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 2	17,780
Crude Oil USD/Barrel / Jul 3	68.69
Gold 10 Grams PKR / Jul 3	378,031
Gold Spot USD/Ounce / Jul 3	4,176.94
Cotton US¢/pound / Jul 3	77.12
Petrol/Litre / Jul 4	299.50
Diesel/Litre / Jul 4	311.47

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Stock	Price
Dewan Sugar / Jul 3 Dewan Sugar Mills Limited(DWSM)	7.98 ▲ 0.96 (13.68%)
Ansari Sug. / Jul 3 Ansari Sugar Mills Limited(ANSM)	31.30 ▲ 2.85 (10.02%)
Dewan Farooque Sp. / Jul 3 Dewan Farooque Spinning Mills Limited(DFSM)	29.88 ▲ 2.72 (10.01%)
Quantum Data Tech. / Jul 3 Quantum Data Technologies Limited(QTECH)	51.87 ▲ 4.72 (10.01%)
Mughal Energy / Jul 3 Mughal Energy Limited(GEM)(GEMMEL)	24.73 ▲ 2.25 (10.01%)
Fateh Ind. / Jul 3 Fateh Industries Limited(FIL)	293.11 ▲ 26.65 (10%)
Fateh Sports / Jul 3 Fateh Sports Wear Limited(FSWL)	179.23 ▲ 16.29 (10%)
IbrahimFibres / Jul 3 Ibrahim Fibres Limited(IBFL)	271.37 ▲ 24.67 (10%)
S.G.Power / Jul 3 S.G. Power Limited(SGPL)	106.67 ▲ 9.7 (10%)
Shahzad Tex. / Jul 3 Shahzad Textile Mills Limited(SZTM)	114.95 ▲ 10.45 (10%)

Stock	Price
First Fid. Leasing / Jul 3 First Fidelity Leasing Modaraba(FFLM)	24.03 ▼ -2.67 (-10%)
Chashma / Jul 3 Chashma Sugar Mills Limited(CHAS)	132.21 ▼ -14.24 (-9.72%)
UBLPakistanETF / Jul 3 UBLPakistan Enterprise ETF(UBLPETF)	30.75 ▼ -2.72 (-8.13%)
First Imrooz Mod. / Jul 3 First Imrooz Modaraba(FIMM)	219.97 ▼ -14.2 (-6.06%)
Ashfaq Textile / Jul 3 Ashfaq Textile Mills Limited(ASHT)	35.31 ▼ -2.06 (-5.51%)
Sitara Chemical / Jul 3 Sitara Chemical Industries Limited(SITC)	811.04 ▼ -46.47 (-5.42%)
Gammon Pak / Jul 3 Gammon Pakistan Limited(GAMON)	19.76 ▼ -1.13 (-5.41%)
Pak Agro Pack. (GEM) / Jul 3 Pak Agro Packaging Limited (GEM)(GEMPAPL)	13.25 ▼ -0.75 (-5.36%)
TPL Corp Ltd / Jul 3 TPL Corp Limited(TPL)	16.79 ▼ -0.89 (-5.03%)
Next Capital / Jul 3 Next Capital Limited(NEXT)	13.11 ▼ -0.69 (-5%)

Stock	Volume
TPL REIT Fund I / Jul 3 TPL REIT Fund I(TPLRF1)	72,948,993 ▼ -0.04
TPL Corp Ltd / Jul 3 TPL Corp Limited(TPL)	48,406,341 ▼ -0.89
TPL Properties / Jul 3 TPL Properties Limited(TPLP)	34,286,380 ▲ 0.41
Ghani Chem. Ind. / Jul 3 Ghani Chemical Industries Limited(GCIL)	27,424,496 ▲ 2.43
Secure Logistics-Trax Group / Jul 3 Secure Logistics-Trax Group Limited(SLGL)	26,707,486 ▲ 0.23
F. Nat.Equities / Jul 3 First National Equities Limited(FNEL)	25,865,871 ▲ 0
Trust Sec.& Brok. / Jul 3 Trust Securities & Brokerage Limited(TSBL)	21,845,437 ▲ 0.11
Lotte Chemical / Jul 3 Lotte Chemical Pakistan Limited(LOTCHEM)	21,059,671 ▲ 0.91
Pak Reinsurance / Jul 3 Pakistan Reinsurance Company Limited(PAKRI)	18,996,584 ▲ 0.39
P.T.C.L. / Jul 3 Pakistan Telecommunication Company Ltd(PTC)	16,650,708 ▲ 1.65

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