News Archives for Latest - 2020-09-07

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Archive - 2020-09-07

Pakistan

CM reviews steps taken for agriculture sector

The CM expressed his displeasure over delay in some measures relating to the provision of facilities to farmers.

Updated 08 Sep, 2020 12:24am

Exchange

Bilawal stresses for collective efforts to improve literacy rate

Bilawal Bhutto, in his message on the International Literacy Day being observed on September 8, said illiteracy was a fertile ground for disharmonious and intolerant societies.

Published 07 Sep, 2020 11:24pm

Pakistan

Pakistan potential destination for foreign investment, Hafeez informs investors

He also shared that the Company has significant presence in the markets of China, Japan, South Korea, India, Ecuador, Colombia, Chile, Peru, Portugal and Kazakhstan.

Published 07 Sep, 2020 11:22pm

Pakistan

PM for better coordination among all federal, provincial institutions to tackle challenges of climate change

He expressed these views while presiding over the meeting of National Coordination Committee (NCC) on Floods here.

Published 07 Sep, 2020 11:18pm

Pakistan

PTI to win next general election on its performance: State Minister

He said that people were fully aware and they had recognized true faces of so-called opposition leaders who failed to serve the masses during their terms.

Published 07 Sep, 2020 11:16pm

Pakistan

Serving poor with dignity key concept of Naya Pakistan: PM

The prime minister strictly directed that the staff at the shelter homes must treat the beneficiaries with respect taking their work as service, not favour to anyone.

Published 07 Sep, 2020 11:13pm

Pakistan

Punjab govt restores funds of Police: Raja Basharat

He was addressing the current session of Punjab Assembly which started one hour and 39 minutes behind its scheduled time with Deputy Speaker Sardar Dost Mazari in the chair.

Published 07 Sep, 2020 11:12pm

Pakistan

Centre's share in Karachi package Rs611bn, efforts to mislead masses not to succeed: Shibli

Shibli Faraz said though an opposition party was in power in Sindh, but the Federal Government was sincerely striving to work for the betterment of its people, particularly those of Karachi.

Published 07 Sep, 2020 11:10pm

Pakistan

Work on historic package for Karachi commenced: Fawad

He said the previous provincial governments had launched unnecessary and redundant projects in their respective provinces for kick back and corruption.

Published 07 Sep, 2020 11:06pm

Stocks

European shares end higher for first time in three sessions

European autos lead gains, banks rise the least.
Healthcare stocks rise with focus on vaccine developments.
German industry output in July marks modest rise.
China's exports rise the most in nearly 1-1/2 years.

Published 07 Sep, 2020 09:27pm

Money & Banking

ECB slows bond purchases further in August lull

The ECB, which will update its policy stance on Thursday, bought 78.6 billion euros ($92.95 billion) worth of bonds last month across its different schemes, a 26% drop from July.
Schnabel said she saw no reason for the ECB to add to its stimulus measures at present.

Published 07 Sep, 2020 09:24pm

Money & Banking

India central bank outlines guidelines on debt resolution for stressed sectors

It is good that the pre-COVID parameters are being considered as it will allow genuine companies to get a chance at restructuring which can be effective.
The RBI said it had broadly accepted the recommendations of the expert committee.

Published 07 Sep, 2020 09:23pm

Forex

South Africa's rand retreats before GDP data, stocks move up

The rand was around 0.93% weaker than its previous close at 16.7500 per dollar.
The single biggest threat to the ZAR over the longer term is the state of SA's fiscal position. It is unsustainable.

Published 07 Sep, 2020 09:20pm

Stocks

Drugmakers help lift British blue-chip index to best day in almost 3 months

Drop in pound benefits resource exporters.
Primark-owner AB Foods rises on upbeat forecast.
FTSE 100 still well off pre-pandemic highs.

Updated 07 Sep, 2020 09:20pm

Africa

Libya reports highest virus cases for single day

The NCDC urged people in areas where the virus is spreading rapidly to avoid travel unless it is essential.

Published 07 Sep, 2020 08:50pm

Europe

France warns Britain against harming 'trust' on Brexit

Macron said he had had "very good" telephone talks with Johnson on issues including Britain's future relationship with the EU.

Published 07 Sep, 2020 08:46pm

WHO chief says world must be better prepared for next pandemic, urges countries to invest in public health

Tedros says coronavirus will not be the last pandemic and when the next outbreak comes, the world must be ready – more ready than it was this time

Published 07 Sep, 2020 08:17pm

Forex

Euro dips as traders look towards ECB meeting

Traders awaits Thursday's ECB meeting.
Euro falls as recent dollar selling pauses.
Sterling tanks on threat to EU divorce deal.

Published 07 Sep, 2020 08:15pm

Commodities

EU + UK 2020/21 soybean imports at 2.89mn tonnes, rapeseed 1.01mn tonnes

That was 8% above the volume imported by the same week in the 2019/20 season.
EU rapeseed imports in 2020/21 had reached 1.01 million tonnes, down 33% versus 2019/20.

Published 07 Sep, 2020 08:07pm

Sports

Messi back training with Barca after ending departure saga

The club's all-time top scorer finally appeared at the Joan Gamper training ground ahead of an evening session.
The Argentine claimed in an official letter that he was free to leave the club unilaterally and without a transfer fee owing to the clause.

Updated 07 Sep, 2020 08:07pm

Saudi court awards 20-year jail term to eight people in Khashoggi murder case

The court halted death sentence of five accused after Khashoggi's sons "pardoned" the killers

Published 07 Sep, 2020 07:47pm

Financial

German funds and insurers take aim at rating agency data fees

US Moody's, S&P Global and Fitch Ratings, dubbed the Big Three, dominate credit ratings in Europe.
The major US rating agencies are exploiting their dominant market position to set their pricing.

Published 07 Sep, 2020 07:44pm

China delays renewing credentials for journalists at US outlets

The move comes as Chinese journalists in the United States wait for their lapsed work visas to be renewed

Published 07 Sep, 2020 07:42pm

Money & Banking

Caixabank, Bankia close to agreeing on Valencia as joint HQ, but premium, other issues still discussed

The negotiations between controlling shareholders in the two lenders are at very advanced stage on picking Valencia as the HQ though the agreeement has not been closed yet.
Details about what premium Caixabank would pay to buy out Bankia were also being discussed.

Published 07 Sep, 2020 07:42pm

Forex

Rouble hits 90 vs euro for first time since 2016 as geopolitical risks bite

Lingering political risks over turmoil in neighbouring Belarus hurt the rouble, as did the fallout from the suspected poisoning of Kremlin critic Alexei Navalny last month.
Versus the dollar, the rouble was 0.8% weaker at 76.00 , just shy of a near five-month low of 76.26 hit earlier in the trading session,

Published 07 Sep, 2020 07:39pm

Stocks

Gulf markets mixed; Egypt snaps losing streak

Saudi Arabia's benchmark index gained 0.3%, with Jabal Omar Development rising 5.4% and Dr Sulaiman Al-Habib Medical Services was up 1.5%.
Oil company Saudi Aramco, however, eased 0.3%.

Published 07 Sep, 2020 07:35pm

Forex

Mexican peso breaks winning streak, other Latam FX fall as dollar gains ground

Chile's peso slipped after data showed the value of shipments of copper fell 13.2% year-on-year in August to $2.761 billion.
Brazil markets were closed for a local holiday. Volumes were muted as US markets were closed for the country's Labor Day holiday.

Published 07 Sep, 2020 07:35pm

Political intervention, negligence worsened Karachi's situation, says PM

Imran says development of the metropolis is on top priority of the federal government and it will utilize all resources for the purpose

Published 07 Sep, 2020 07:24pm

Commodities

EU + UK 2020/21 soft wheat exports at 2.94mn tonnes, down 44pc

That was 44% below the volume exported by the same week in the previous 2019/20 season, the data showed.
EU and UK 2020/21 barley exports had reached 1.45 million tonnes, down 14% from 2019/20, while maize imports stood at 3.23 million tonnes, down 22%.

Published 07 Sep, 2020 07:26pm

Companies

Nestle on track to meet sustainable packaging goal

Regularly cited by environmental groups such as Greenpeace as one of the top plastic polluters.
Packaging plays an essential role in preserving the integrity and safety of our food. At the same time, plastic pollution continues to be a major issue around the world.

Published 07 Sep, 2020 07:18pm

Commodities

India to maintain sugar export subsidies for third year in a row

India could approve subsidies for 6 mln tonnes – source.
Sugar output expected to far outstrip domestic demand.
India's carry forward stocks already at 11.5 mln tonnes.

Updated 07 Sep, 2020 07:18pm

Pakistan

Services trade deficit shrinks 13.79pc in July

Month-on-month basis, the exports from the country witnessed increase of 10.95 percent in July 2020.

Published 07 Sep, 2020 07:05pm

Pakistan

Gold price falls Rs600, sold at Rs115,000 per tola

The price of per tola silver increased by Rs10.

Published 07 Sep, 2020 06:59pm

Exchange

Rupee weakens against dollar

The buying and selling rates of dollar were recorded at Rs 165.5 and Rs 167 respectively.

Published 07 Sep, 2020 06:58pm

Pakistan

Leather Manufactures exports increase record 33.81pc

Exports of Leather Garments increased by 17.44 per cent, Leather Garments valuing US $ 28,855 thousand exported.

Published 07 Sep, 2020 06:56pm

Financial

Munich Re sees slowdown in COVID-19-related losses in Q3

The world's largest reinsurer had estimated around 1.5 billion euros in COVID-19 losses in the first half of the year.
Munich Re foresees that the North American hurricanes Hanna, Isaias and Laura earlier this summer will result in a "low triple-digit million euro amount" in losses.

Published 07 Sep, 2020 06:50pm

Stocks

With big tech on holiday, world shares inch higher

European stocks open sharply higher, FTSE helped by weak pound.
Pound down 0.5% as no deal Brexit risks rise.
Japan's Nikkei falls, Chinese shares in red.
Currency market action muted.
Oil falls 1.2% after Saudi price cuts.

Published 07 Sep, 2020 06:50pm

Pakistan

USA, UK, UAE remain top three destinations of Pakistani exports in July 2020

Among other countries, Pakistani exports to Germany stood at $115.078 million while exports to China were recorded at US $105.830 million.

Published 07 Sep, 2020 06:48pm

Energy

Oil falls after Saudi cuts prices, China slows imports

Saudi Arabia cuts crude prices to Asia.
Brent, WTI touch lowest since July.
China's crude imports fell in August.

Published 07 Sep, 2020 06:45pm

Commodities

Prospect of stronger demand propels aluminium towards 7-month high

LME copper stocks at lowest since December 2005.
Premium for cash over 3-month contract at $18.50/T.
Copper comes within touching distance of 26-month high.

Published 07 Sep, 2020 06:44pm

Commodities

Gold dips on dollar gains, with central banks in focus

Gold likely to trade sideways for some time -analyst.
US markets shut for Labor Day holiday on Monday.
India's coronavirus infections overtake Brazil.
Markets await ECB policy decision on Thursday.

Published 07 Sep, 2020 06:39pm

Supplements

Two Years of PTI-Led Gorvernment

A Business Recorder exclusive

Published 07 Sep, 2020 06:37pm

Currency

Bank of Israel buys $2.56bn of FX in August, reserves top $161bn

Foreign currency purchases so far in 2020 have topped $14 billion.
The central bank also said it had bought 29.9 billion shekels ($8.9 billion) of government bonds through Aug. 31 as part of a plan to buy up to 50 billion shekels.

Published 07 Sep, 2020 06:33pm

South Asia

India passes Brazil for world's second most virus cases

Infections have now risen above 4.2 million.

Published 07 Sep, 2020 06:38pm

Business & Finance

Samsung wins $6.6 billion Verizon 5G order

Washington has banned US telecom firms from using network equipment manufactured by Samsung's Chinese rival Huawei on security grounds.

Published 07 Sep, 2020 06:35pm

South Asia

China shows off Covid-19 vaccines for first time

In May, President Xi Jinping pledged to make any potential vaccine developed by China a "global public good".

Published 07 Sep, 2020 06:33pm

Exchange

Uganda introduces primary dealers for government debt market

Competitive bidding in the primary market for government securities shall be limited to only primary dealer banks.
Market participants said the changes would also help the market price risk more accurately.

Published 07 Sep, 2020 06:25pm

Commodities

Chile posts August trade surplus of $904mn; copper shipments dip

The world's largest copper producer also saw the value of shipments of the red metal fall 13.2% year-on-year in August to $2.761 billion.
The country's total monthly exports fell 10.8% year-on-year to $5.421 billion, while imports fell 22.4% to $4.517 billion.

Published 07 Sep, 2020 06:20pm

Currency

Syria seeks more Russian investment as US sanctions hammer economy

Officials from Syria and Russia, whose military support since 2015 helped Damascus reverse gains by Islamists and other rebels.
Russia turned the tide for Assad and with the regime now facing its gravest challenges, Moscow is in a better position than any other time to further squeeze Assad,

Updated 07 Sep, 2020 06:20pm

Business & Finance

Emirates airline says returned $1.4bn in pandemic refunds

It was the 32nd straight year of profit for Emirates, but the sharp downturn in global travel in 2020 may result in a loss.

Published 07 Sep, 2020 06:17pm

Europe

EU chief warns UK must respect Brexit withdrawal deal

Von der Leyen issued warning that Johnson is planning legislation to override parts of the withdrawal treaty that Britain and the EU agreed last year.

Published 07 Sep, 2020 06:15pm

Middle East

Russian FM Lavrov lands in Syria on rare visit

The conflict has ravaged the Syria economy, killed more than 380,000 people and pushed millions to flee their homes.

Published 07 Sep, 2020 06:11pm

Europe

Merkel won't rule out Nord Stream impact from Navalny affair

Nord Stream 2 is set to double Russian natural-gas shipments to Germany, Europe's largest economy.

Published 07 Sep, 2020 06:10pm

Europe

Belarus police step up clampdown with hundreds of arrests

Belarusian authorities have already detained several members of the Coordination Council.

Published 07 Sep, 2020 06:07pm

Africa

Virus-hit Morocco locks down Casablanca, shuts schools

Since detecting its first case in early March, Morocco has recorded 72,394 cases of Covid infection, including 1,361 deaths.

Published 07 Sep, 2020 06:04pm

South Asia

Nearly 300 Rohingya reach Indonesia 'after seven months at sea'

Amnesty International called on Indonesia to give the migrants safe haven.

Published 07 Sep, 2020 06:01pm

Stocks

Sterling sinks as Johnson resurrects spectre of no-deal Brexit

Frankfurt and Paris also charged higher as investors snapped up bargain stocks following heady losses last week.

Published 07 Sep, 2020 05:57pm

Exchange

Chasing a century, Ronaldo hints at return against Sweden

The 35-year-old Juventus star has now scored 99 international goals and is chasing the men's record of 109 by Ali Daei of Iran.

Published 07 Sep, 2020 05:53pm

Sports

Agar targets role as Australia finisher in T20 cricket

Off-spinner Agar admitted the team "take a lot of pride" in topping the rankings, but are keen to win every match they play.

Published 07 Sep, 2020 05:51pm

Europe

EU warns Serbia over Jerusalem embassy move

The bloc expects prospective members like Serbia to align with its foreign policy positions.

Published 07 Sep, 2020 05:49pm

Sports

Misbah disappointed with England tour results

The Men in Green lost the Test series 1-0, while managed to draw the three-match T20I series on the tour.

Updated 07 Sep, 2020 05:50pm

Forex

Pound sinks 1pc vs dollar on threat to Brexit divorce deal

The currency was down 1% at $1.3145, its lowest level since Aug. 26, while against the euro.
Leveraged funds were slightly long on the British currency, the latest CFTC data showed.

Published 07 Sep, 2020 05:46pm

Sports

England's Malan aiming to nail down spot in T20 team

The Yorkshire player's average in T20 internationals is a shade higher than Virat Kohli's.

Published 07 Sep, 2020 05:45pm

Industry

Malaysia's AirAsia aims to raise $602mn, to evaluate Japan operations

Group Chief Executive Officer Tony Fernandes told Reuters in an interview that the group, Malaysia's flagship budget airline.
Fernandes also said the group was evaluating its operations in Japan, although its partnership in India remained "as is".

Published 07 Sep, 2020 05:39pm

Middle East

Swiss top diplomat holds 'fruitful' talks in Iran on peace, rights

"Peace, economic development and human rights - fruitful discussion with my counterpart," Cassis said.

Published 07 Sep, 2020 05:42pm

Exchange

Security forces kill five wanted terrorists in North Waziristan

Waseem Zakaria was involved in numerous attacks and had masterminded at least 30 operations against the security forces

Updated 07 Sep, 2020 05:43pm

Industry

Etihad to provide COVID-19 insurance to passengers to boost travel confidence

Airlines around the world are trying to find ways to stimulate demand that has been shattered by the pandemic and expected to take years to recover.
This additional cover will not only instil confidence to travel but also reassure our guests that we are doing all we can to keep them safe and protected.

Published 07 Sep, 2020 05:34pm

Europe

Erdogan says Turkish economy will emerge stronger from COVID-19

Turkey reaching its goals depends on its battle with the coronavirus ending successfully.
Turkey has so far recorded almost 280,000 cases of COVID-19, with 6,673 deaths, according to Health Ministry data.

Published 07 Sep, 2020 05:31pm

Financial

Euro zone yields edge higher on debt supply, economic green shoots

Chinese exports rise by most in nearly 1-1/2 years
German 10-yr yields up 2 bps at -0.455%
Dovish ECB meeting could pull yields down again
Euro zone periphery govt bond yields

Published 07 Sep, 2020 05:29pm

World

Police arrest 15 more after overnight protests in Portland

Protesters set fire on some mattresses that were put out eventually by firefighters, Portland police said.
The police said there were no injuries, adding they arrested 15 people on charges like interfering with a peace officer.

Published 07 Sep, 2020 05:14pm

Forex

Turkey's lira weakens to new record low against dollar

The central bank has taken backdoor steps to tighten policy and slow the lira's decline but it has so far not raised its policy rate.
Those steps have increased the weighted average cost of funding over the past month to 10.14% as of Friday.

Published 07 Sep, 2020 05:19pm

Energy

Merkel doesn't rule out sanctions on Russian gas pipeline

Merkel is under mounting pressure from members of her conservative party to suspend the Nord Stream 2 pipeline.
Seibert also said it was too early to decide on whether to impose sanctions against Russia over the poisoning.

Published 07 Sep, 2020 05:18pm

Europe

Spain's PM Sanchez backs plans for Bankia-Caixabank merger

Caixabank, state-owned Bankia plan merger
Spanish PM welcomes plans
PM says deal not done yet, must maximise value of state's stake

Published 07 Sep, 2020 05:10pm

Stocks

Sri Lankan shares flat as consumer gains offset losses in industrial stocks

The benchmark CSE All Share Index closed 0.01% lower at 5,310.67.
Cargills (Ceylon) Plc rose 2.8% and was among the biggest boosts to the benchmark.

Published 07 Sep, 2020 05:08pm

Commodities

White sugar rises as October climbs in run-up to expiry

Raw sugar, arabica coffee and New York cocoa futures contracts were closed on Monday for the Labor Day holiday.
November robusta coffee rose $2, or 1%, to $1,446 a tonne, underpinned partly by declining exchange stocks.

Published 07 Sep, 2020 05:06pm

USA

Mexican gross fixed investment posts record jump in June, but still weak

Gross fixed investment rose by 20.1 percent in June from the previous month when adjusted for seasonal swings.
Lopez Obrador argues that previous governments he casts as corrupt skewed contracts in favor of private interests.

Published 07 Sep, 2020 05:04pm

Industry

Renault to develop, build next-generation Nissan Micra: report

Nissan Micra models are already assembled at Renault's Flins factory in France.
For the next generation of Micra, we will follow Renault, and we will ask Renault to develop and make the future Micra for us.

Published 07 Sep, 2020 05:02pm

Exchange

UAE planning first official visit to Israel on Sept 22

The UAE delegation's trip to Israel, which has yet to be finalised, would come in reciprocation of a groundbreaking trip to Abu Dhabi last week.
the UAE was expected to finalise the trip after a date is announced for a ceremony, likely in Washington.

Published 07 Sep, 2020 04:53pm

Govt decides to reopen education institutions on September 15

Primary section will be reopened on September 30 after reviewing the situation.

Published 07 Sep, 2020 04:31pm

Companies

Australian iron ore producer eager to invest in Pakistan’s renewable energy sector

The interest was expressed by the company's Chairman Andrew Forrest during his meeting with Prime Minister Imran Khan in Islamabad on Monday

Published 07 Sep, 2020 04:14pm

Israel sees trade with UAE at $4 billion a year

A number of Israeli and Emirati businesses have signed deals since the normalization accord was announced

Published 07 Sep, 2020 04:19pm

Stocks

In a first , govt raise Rs 200bn through Sukuk at less than KIBOR rate

“For the first time the Government raised Rs 200 Bn through Sukuk at less than KIBOR rate, through competitive book building at PSX, saving Rs 18 Bn over 10 years of debt servicing,” said Sheikh.

Published 07 Sep, 2020 03:47pm

Sports

Ansu Fati becomes Spain's youngest goalscorer with strike against Ukraine

Barcelona forward became his club's youngest ever goalscorer in La Liga last year with a goal against Osasuna.

Published 07 Sep, 2020 03:14pm

Sports

Germany still winless in Nations League after Swiss draw

Germany failed to win any of their four games in the inaugural Nations League two years ago and have drawn their opening two games this time around.

Published 07 Sep, 2020 03:02pm

Sports

Back to school for Suarez in bid for Juventus move

The new Serie A season starts on Sept. 19 although the transfer window does not close until Oct. 5.

Published 07 Sep, 2020 03:00pm

Saudi Arabia eager to achieve fair solution to Palestine issue, King Salman tells Trump

King Salman says Palestinian issue should be resolved based on the Arab Peace Initiative proposed by the kingdom in 2002

Published 07 Sep, 2020 02:40pm

Sports

Zlatan criticises Sweden soccer boss over Kulusevski snub

"What a damn joke. Further proof. Incompetent people in the wrong positions smothering Swedish football," says former captain.

Updated 07 Sep, 2020 02:51pm

Sports

Djokovic disqualified from U.S. Open after striking line judge with ball

Djokovic hits line judge on the throat unintentionally, gets disqualified.

Published 07 Sep, 2020 02:17pm

Schools for students of 9,10 to reopen on Sept 15 in Punjab

The province has decided to reopen education institutions in phases.

Published 07 Sep, 2020 02:03pm

Business & Finance

WB’s ICSID considering Pakistan’s appeal to reverse $6bn penalty in Reko Diq case

The World Bank's ICSID on July 13, 2019, announced 700-page judgment regarding $5.976 billion (Rs 944.21 billion) award against Pakistan in the Reko Diq case.

Published 07 Sep, 2020 01:55pm

Exchange

Pakistan's exports, FBR revenue has increased as COVID declines, says Sheikh

Hafeez Sheikh said that the government wants to give autonomy to the institutions.

Updated 07 Sep, 2020 12:32pm

Pakistan

One new polio case takes Balochistan's tally to 18

Pakistan has reported over 65 polio cases this year.

Published 07 Sep, 2020 12:14pm

India overtakes Brazil as country second-worst hit by COVID-19

With 4,204,613 infections, India is nearly 70,000 cases ahead of Brazil.

Published 07 Sep, 2020 12:10pm

Technology

Pakistani startups raised $10 million in H1 2020, witness 9pc decline: Report

The report said that Pakistan’s ecosystem is young, and is consistent with other nascent ecosystems.

Published 07 Sep, 2020 12:07pm

Life & Style

Pemra bans repeat telecast of two TV dramas due to 'non-Pakistani values', orders industry-wide content review

Pemra says most complaints it has received against the three drama serials are about what viewers see as the debasement of familial relationships.

Updated 07 Sep, 2020 11:19am

Business & Finance

Oil drops more than $1 after Saudi price cuts, demand optimism fades

Brent crude was at $41.75 a barrel, down 91 cents or 2.1% by 0000 GMT, after it earlier slid to $41.51, its lowest since July 30.

Published 07 Sep, 2020 10:40am

Govt to make final decision on reopening schools today

The government plans to reopen schools on September 15.

Published 07 Sep, 2020 10:26am

Currency

Asian shares on fragile footing amid elevated valuations, oil skids

Chinese stocks started lower while shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) plunged to the lowest since June 16 on fears the firm could be added to a U.S. trade blacklist.

Published 07 Sep, 2020 10:28am

Business & Finance

China's exports rise at fastest pace in nearly 1-1/2 years as economies reopen; imports slip

Exports in August rose a solid 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019.

Published 07 Sep, 2020 10:17am

Companies

Samsung Elec wins $6.7 billion Verizon order for network equipment

The order is for network equipment, a Samsung spokesman said, but declined to comment on detailed terms the contract, such as the portion of 5G-capable equipment included.

Published 07 Sep, 2020 10:13am

Exchange

KSE-100: 42k and counting?

In an exercise of self-congratulations, various stakeholders of Pakistan Stock Exchange - investors, TREC holders,...

Published 07 Sep, 2020 08:47am

BR Research

The discos’ problem

The power distribution companies leaked a cumulative loss of Rs209.5 billion in FY19 on account of Transmission ...

Published 07 Sep, 2020 08:47am

BR Research

Stumbling between Euro-II to Euro-V?

The transition or rather leap from Euro II to V fuel might not be as simple and smooth as it first seemed. As soon ...

Published 07 Sep, 2020 08:47am

BR Research

Buying confidence

If optimism could be banked, Pakistan would be rich—it seemingly has oodles of it, possessing an inane ability to...

Published 07 Sep, 2020 08:46am

BR Research

Interview with Azhar Khan – Chairman ZharBiz International, Inc.

We can put up 10 waste-to-energy plants in Karachi alone Azhar Khan is the Chairman of ZharBiz International, Inc....

Published 07 Sep, 2020 08:45am

Karachi Transformation Plan: Federal ministers react to Bilawal's remarks

KARACHI: Federal Minister for Planning, Development and Special Initiatives Asad Umar on Sunday said that the ...

Updated 07 Sep, 2020 03:21am

Hualong One technology: Nuclear reactor completes thermal testing

BEIJING: The K2 unit at the Karachi Nuclear Power Plant in Pakistan, the first overseas unit using China's ...

Updated 07 Sep, 2020 03:20am

Neeca all set to start audits of textile CPPs

ISLAMABAD: The National Energy Efficiency and Conservation Authority (Neeca) is all set to start energy audits of...

Updated 07 Sep, 2020 03:19am

COAS vows to win 'fifth generation' or 'hybrid war' too

RAWALPINDI: General Qamar Javed Bajwa, Commander-in-Chief of Pakistan Army has said that Defence Day reminds us that...

Updated 07 Sep, 2020 03:18am

UK police launch hunt for suspect after mass stabbing

BIRMINGHAM, (United Kingdom): Detectives in Britain's second city of Birmingham on Sunday launched a hunt for a...

Updated 07 Sep, 2020 03:17am

Armed forces prepared to meet any kind of eventuality: PM

ISLAMBAD: Prime Minister Imran Khan has stated that the armed forces of Pakistan are fully capable of defending the...

Updated 07 Sep, 2020 03:16am

Reusable Chinese spacecraft lands successfully

BEIJING: An experimental reusable spacecraft launched into orbit two days ago by China has successfully returned to ...

Updated 07 Sep, 2020 03:15am

Business & Finance

UK warns EU on Brexit: We won't blink first

LONDON/BRUSSELS: Britain will not blink first in Brexit trade negotiations with the European Union and is not scared...

Updated 07 Sep, 2020 03:14am

Business & Finance

Canada to extend rent-relief plan for small businesses

TORONTO: The Canadian government will extend its coronavirus rent-relief program for small businesses into ...

Updated 07 Sep, 2020 03:13am

Pakistan

River Indus at Guddu may attain high flood level

ISLAMABAD: The Flood Forecasting Division (FFD) has said that River Indus at Guddu is likely to attain high flood...

Updated 07 Sep, 2020 03:12am

Pakistan

Ban imposed on removing sand and gravel from Hub River

KARACHI: Hub district administration imposed ban on removing sand and gravel from the bed of river at the Hub Bridge...

Updated 07 Sep, 2020 03:12am

Pakistan

CDA approves Rs96m for gas provision in Park Enclave-I

ISLAMABAD: Capital Development Authority (CDA) has approved Rs 96 million for installation and provision of gas...

Updated 07 Sep, 2020 03:11am

Supplements

6th Septembher Defence Day: Reminiscing about the 1965 War

TEXT: President Ayub Khan's brief address to the nation on 6th September 1965 was a moment when history of Pakistan...

Updated 07 Sep, 2020 03:11am

Exchange

6th Septembher Defence Day: Remembering the 1965 War at Sea

TEXT: It was a dawn like any other. Streaks of sun's rays were fanning out of the eastern sky. In Karachi harbor and...

Updated 07 Sep, 2020 03:11am

Pakistan

Bilawal says won't demolish dwellings until occupants get alternatives

KARACHI: Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari said on Sunday that the Sindh government will...

Updated 07 Sep, 2020 03:10am

Pakistan

Sindh reports 188 new Covid-19 cases, one death

KARACHI: As many as 188 new cases of Covid-19 emerged out of 8,999 tested samples lifting the tally to 130,671 while...

Updated 07 Sep, 2020 03:10am

Pakistan

Nation celebrates Defence Day with great zeal

ISLAMABAD: The nation on Sunday celebrated its 55th Defence Day with great zeal, renewing the pledge to protect the...

Updated 07 Sep, 2020 03:10am

Pakistan

LG elections: Punjab finalising arrangements: Buzdar

LAHORE: Punjab Chief Minister Usman Buzdar has said that the Punjab government is finalizing arrangements for local...

Updated 07 Sep, 2020 03:09am

Pakistan

Tahir Ashrafi meets Buzdar

LAHORE: Head of Pakistan Ulema Council Maulana Tahir Mahmood Ashrafi called on Punjab Chief Minister Sardar Usman...

Updated 07 Sep, 2020 03:08am

Opinion

China tries to flip the pandemic script, starring a 'reborn' Wuhan

ARTICLE: China is recasting Wuhan as a heroic coronavirus victim and trying to throw doubt on the pandemic's origin...

Updated 07 Sep, 2020 03:05am

Letters

Greater Karachi cause

LETTER: Federal Minister for Information Senator Shibli Faraz has tweeted that "people of Karachi cannot be left at...

Updated 07 Sep, 2020 03:03am

Pakistan

Sindh govt announces appointments of district administrators

SUKKUR: The government of Sindh has appointed administrators in all districts of the province after the local...

Updated 07 Sep, 2020 02:58am

Agreements with IPPs in final stages: Qureshi

MULTAN: Foreign Minister Makhdoom Shah Mahmood Qureshi said revised agreements with Independent Power Plants on new...

Updated 07 Sep, 2020 02:57am

Tear gas, fire bombs as police declare Portland protest a 'riot'

PORTLAND: Police arrested dozens of people and used tear gas against hundreds of demonstrators in Portland late...

Updated 07 Sep, 2020 02:56am

World

Tunisian officer stabbed to death, 3 'terrorists' killed in firefight

SOUSSE, (Tunisia): Attackers with knives killed a Tunisian National Guard officer and wounded another Sunday before...

Updated 07 Sep, 2020 02:55am

Europe

German foreign minister threatens sanctions over Navalny poisoning

BERLIN: Tensions deepened between Germany and Russia over the alleged poisoning of opposition figure Alexei Navalny...

Updated 07 Sep, 2020 02:54am

South Asia

India uses hotline to alert China about 'kidnap'

NEW DELHI: The Indian military has alerted China of allegations that five men were abducted by the People's...

Updated 07 Sep, 2020 02:54am

Army chief calls on President

ISLAMABAD: Chief of the Army Staff General Qamar Javed Bajwa Sunday called on President Dr. Arif Alvi here at...

Updated 07 Sep, 2020 02:53am

Armed forces officers, soldiers: President confers 70 military awards

ISLAMABAD: President Dr Arif Alvi Sunday conferred national military awards on 70 officers and soldiers of armed...

Updated 07 Sep, 2020 02:52am

Hezbollah, Hamas chiefs meet to discuss Israel-Arab ties

BEIRUT: Leaders of Lebanon's Hezbollah movement and the Palestinian Hamas group, both sworn enemies of Israel, have...

Updated 07 Sep, 2020 02:51am

KE BoDs meeting today

ISLAMABAD: The Board of Directors of Karachi Electric is holding an extraordinary meeting on Monday (today) to take ...

Updated 07 Sep, 2020 02:50am

Exchange

Kabul to push for ceasefire in talks with Taliban

KABUL: Afghan government negotiators will push for a ceasefire when talks begin with the Taliban, a top official ...

Updated 07 Sep, 2020 02:50am

Life & Style

AAJ PROGRAM SCHEDULE

Monday, September 07, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Updated 07 Sep, 2020 02:48am

Pakistan

The Weather

KARACHI: The weather report on Sunday (September 6, 2020) and the forecast for Monday (September 7, 2020)....