News Archives for Latest - 2020-09-08

Financial

Euro zone bond yields fall on expectations from ECB meeting

Italy is set to raise 10 billion euros ($11.8 billion) from a new 20-year bond which drew strong demand, a lead manager said, with bids topping 84 billion euros.
UniCredit analysts were expecting 6 billion to 8 billion euros, which would have already taken Italy's funding to 77% of its target amount for this year.

Published 08 Sep, 2020 09:12pm

Industry

Uber promises 100pc electric vehicles by 2040, commits $800mn to help drivers switch

Uber, which as of early February said it had 5 million drivers worldwide, said it formed partnerships with General Motors and the Renault, Nissan, Mitsubishi alliance.
The company also released data on its emission footprint and said it would publish reports going forward.

Published 08 Sep, 2020 09:07pm

Money & Banking

Nigeria's Fidelity Bank to sell up to 50bn naira bond in Q4

The new issue will be made to redeem an existing 30 billion naira bond issued at 16.48%.
Debt market yields have dropped from a high of 18% three years ago. Yields on the one-year treasury bill are quoted under 5%.

Published 08 Sep, 2020 09:03pm

Companies

Boeing records first 737 MAX order in 2020, cancellations rise

Boeing delivered 13 aircraft in August, down from 18 planes a year earlier and up from four in July.
The planemaker's first MAX order this year was from Poland's Enter Air, for two 737-8 aircraft with an option for two more jets.

Published 08 Sep, 2020 08:59pm

Industry

Ford's incoming CEO wants the US automaker to run like a Deere

Think of it as a second F-150," Farley told Reuters, referring to the US automaker's lucrative full-size truck business that generates $50 billion in annual revenue.
"Think of the data being more powerful than the fuel economy of the vehicle," he added.

Updated 08 Sep, 2020 08:59pm

USA

White House optimistic on prospects for new stimulus

The world's largest economy is facing the world's worst Covid-19 outbreak, with the death toll just shy of 190,000.

Published 08 Sep, 2020 08:45pm

Africa

S.Africa daily virus cases drop below 1,000, lowest in months

South Africa's number of cases is now the world's seventh-highest, down from the fifth.

Published 08 Sep, 2020 08:43pm

Pakistan

Vast majority of virus cases in Karachi asymptomatic: study

Pakistan's low number of cases compared to other South Asian nations has baffled public health experts.

Published 08 Sep, 2020 08:40pm

Palestinians set to soften stance on UAE-Israel normalisation

A draft resolution presented by the Palestinian envoy before an Arab League meeting does not include a call to condemn, or act against, the Emirates over the U.S.-brokered deal

Published 08 Sep, 2020 08:26pm

Financial

Ryanair launches 850mn euro bond sale, first in 3 years

The sale by Europe's largest low-cost carrier is the second by an airline in Europe since the COVID-19 pandemic crippled the sector.
Investors put in 4.4 billion euros of orders for the bond, more than five times the amount Ryanair is seeking to raise. .

Published 08 Sep, 2020 07:43pm

Companies

Moody's says Brazil breaking spending cap rule would hurt credit profile

Political risks and pressures to expand social programs after 2020 still pose material risk to compliance with the spending ceiling in 2021 and beyond.
Moody's has Brazil's sovereign credit rating at a non-investment, or "junk" grade of Ba2 and a "stable" outlook.

Published 08 Sep, 2020 07:41pm

Forex

Canadian dollar slides to 2-week low as oil prices tumble

Canadian dollar falls 0.5% against the greenback.
Loonie touches its weakest since Aug. 26 at 1.3177.
Price of US oil decreases 6.5%.
Canadian bond yields ease across much of a flatter curve.

Published 08 Sep, 2020 07:40pm

Forex

South African rand falls ahead of GDP data; Turkish lira hits new lows

S.African GDP expected to shrink 44.5%; data due at 0930 GMT.
MSCI EM stocks index up after 4 days of losses.
Romanian GDP contracts 10.5% in Q2; leu flat.
Greece to bolster defence as east-Med tensions with Turkey rise.

Published 08 Sep, 2020 07:38pm

Energy

US natgas futures slip 2pc with drop in crude prices, rising output

Front-month gas futures fell 6.1 cents to $2.527 per million British thermal units.
Data provider Refinitiv said output in the Lower 48 US states was on track to rise to 88.0 billion cubic feet per day (bcfd) in September.

Published 08 Sep, 2020 07:36pm

Financial

Yields fall as stock weakness boosts safety buying

That boosted demand for Treasuries, even though heavy supply this week is expected to weigh on the bonds.
Benchmark 10-year note yields fell 5 basis points to 0.674%.
The yield curve between two-year and 10-year notes flattened 5 basis points to 52 basis points.

Published 08 Sep, 2020 07:35pm

Cotton

US to block cotton, tomato product imports China's Xinjiang over forced labor-CBP

The "Withhold Release Orders" allow the CBP to detain shipments based on suspicion of forced labor involvement under longstanding US laws.
China denies mistreatment of the Uighurs and says the camps are vocational training centers needed to fight extremism.

Published 08 Sep, 2020 07:33pm

Stocks

Slump in Tesla, Apple hits Wall St as tech rout deepens

Tesla tumbles after not being included in S&P 500.
GM jumps after taking stake in electric-truck maker Nikola.
Sell-off in FAANG stocks resumes.
Fears over US sanctions on SMIC pressure chip stocks.
Indexes off: Dow 1.96%, S&P 2.36%, Nasdaq 3.35%.

Published 08 Sep, 2020 07:33pm

Energy

Oil slides 5pc to lowest since June on demand fears

Coronavirus cases rise in US, India, Britain.
Brent crude falls to lowest since June 25.
OPEC+ panel meets on Sept. 17 to review market, supply pact.

Published 08 Sep, 2020 07:29pm

US envoy meets new Taliban chief negotiator as Afghan peace talks near

An agreement between Washington and the Taliban, are to begin in Doha after the release of the last half-dozen or so of 5,000 Taliban prisoners.
Issues related to the prisoners' release and immediate start of the intra-Afghan talks were discussed.
The team had been changed to give it power to take decisions on the spot.

Published 08 Sep, 2020 07:15pm

Commodities

Copper dips as sizzling rally loses some of its heat

Benchmark copper on the LME was down 0.8% at $6,736 a tonne in official trading.
The macro picture looks pretty strong," said Robin Bhar, an independent analyst. "Activity in China is more or less back to normal.

Published 08 Sep, 2020 07:13pm

Companies

Tesla shares fall as it fails to make it into S&P 500 index

Wall Street analysts and investors widely expected Tesla to join the S&P 500 after the company posted its fourth consecutive profitable quarter in July.
S&P Dow Jones Indices senior index analyst Howard Silverblatt declined to say why Tesla was not added to the S&P 500.

Published 08 Sep, 2020 07:06pm

Sports

Suarez will thrive alongside Ronaldo: Former Barcelona director

The Uruguayan forward is tipped for Italy move as Camp Nou aiming to freshen up the squad.

Updated 08 Sep, 2020 07:07pm

World

India, China accuse each other of firing in the air on tense border

Firing on border in western Himalayas escalates tension.
Protocol on avoiding firearms has not prevented casualties.
Indian army says Chinese troops fired in the air.
China says border guards took countermeasures after India threat.
Five missing Indian youths found in China - Indian minister.

Published 08 Sep, 2020 06:46pm

Exchange

Rupee falls 56 paisas against dollar

The buying and selling rates of dollar were recorded at Rs166.80 and Rs167.30 respectively.

Published 08 Sep, 2020 07:00pm

Pakistan

Pakistan’s exports to Afghanistan decrease 43.61pc during July 2020

Imports from Afghanistan during the period under review were recorded at $4.216 million.

Published 08 Sep, 2020 06:58pm

Cabinet allows launch of ferry service to possible destinations

The Ministry of Maritime Affairs had announced its plan in September 2019 to start a ferry service that would connect Karachi and Gwadar ports with Middle East seaports

Updated 08 Sep, 2020 06:56pm

Business & Finance

German exports tick higher in July

Europe's top economy shipped goods abroad worth 102.3 billion euros ($102.9 billion) and imported goods worth 83.1 billion euros.

Updated 08 Sep, 2020 06:51pm

Currency

Hungary central bank launches swap tenders for foreign currency liquidity

The central bank said in a statement the new swaps will be used "in necessary cases" in addition to its regular swap tenders providing local forint liquidity.
It has ruled out further cuts in the base rate, currently at 0.6%, saying it aimed to keep a safe distance from near-zero levels elsewhere in central Europe.

Published 08 Sep, 2020 06:41pm

Companies

Exxon announces 18th discovery offshore Guyana

Exxon said that the 18th discovery, made at the Redtail-1 well, will add to its previous estimate of over 8 billion barrels of total oil and gas resources on the Stabroek Block offshore Guyana.
Exxon operates the Stabroek block as part of a consortium with Hess Corp and China's CNOOC Ltd.

Published 08 Sep, 2020 06:36pm

Stocks

Major Gulf markets rise, blue-chip selloff trips Egypt

UAE posts budget surplus of $2.65 bln in Q2.
Egypt's net foreign reserves at $38.4 bln at end-August.

Published 08 Sep, 2020 06:30pm

Industry

GM picks 11pc stake in Nikola; to jointly make electric pick-up truck

Shares of Nikola soared more than 30% to $46.30 in pre-market trading after GM's investment.
Nikola claims the Badger will have a range of 600 miles, compared with Cycbertruck's claimed range of more than 500 miles.

Published 08 Sep, 2020 06:26pm

Europe

In new Brexit turmoil, UK may break law in 'limited way'

Brexit in crisis yet again, sterling heads lower.
UK legal chief quits over threat to withdrawal treaty.
UK tells EU: we're ramping up no-deal preparations.
EU diplomats try to gauge London's appetite for showdown.

Published 08 Sep, 2020 06:23pm

Europe

UN urges 'independent' Russian probe of Navalny poisoning

The attack marked the latest in a long line of assassination attempts against Putin's critics.

Published 08 Sep, 2020 06:23pm

Commodities

Wheat down 6-8 cents, corn steady-down 1 cent, soy down 4-5 cents

Wheat futures falling after key exporter Australia on Tuesday raised its forecast for wheat production during the 2020/21 season by 8.4%.
Corn steadying as traders square positions ahead of key US Agriculture Department monthly report on Friday.

Updated 08 Sep, 2020 06:23pm

Middle East

UN reports 42 virus cases among Syria staff, families

Syria has officially recorded 3,229 cases of Covid-19, with 137 deaths registered in zones controlled by the Damascus government.

Published 08 Sep, 2020 06:16pm

Life & Style

Nimra Khan shoots down domestic violence rumours

"If someone had hit me, I would never have uploaded those pictures of myself," she said.

Published 08 Sep, 2020 06:13pm

South Asia

Japan ruling party launches race for Abe's successor

There is now speculation that the next prime minister may call a snap election to shore up public support.

Published 08 Sep, 2020 06:01pm

Money & Banking

CEO of largest Israel bank heading delegation to UAE

The normalisation of ties with the UAE is Israel's first with a Gulf nation and only its third with an Arab state.

Published 08 Sep, 2020 05:57pm

Life & Style

TikTok warns parents over suicide video

TikTok said its systems were automatically detecting and flagging the clips for violating its community guidelines.

Published 08 Sep, 2020 05:54pm

Commodities

Soybeans around 2-year highs on strong Chinese demand

Soybeans rise to highest since June 2018 on Chinese demand.
Corn firm ahead of USDA crop forecasts.
Wheat drops, Australia ups wheat harvest forecast.

Published 08 Sep, 2020 05:54pm

Europe

Belarus opposition figure detained at Ukraine border

The authorities have tried to stop the Coordination Council from working by detaining activists and forcing them to leave the country.

Published 08 Sep, 2020 05:51pm

Exchange

Taiwan urges international alliance to safeguard regional stability

Tsai regards Taiwan as a de facto sovereign nation, but has resisted any formal declaration of independence.

Published 08 Sep, 2020 05:49pm

Commodities

Thai rubber prices hit near 3-year high on global demand

Rubber prices increased from global demand, driven by Chinese exports after the economy began to recover.
She also said Thai exports of rubber gloves, the world's second-largest after Malaysia, are set to grow 8% to 15% this year.

Published 08 Sep, 2020 05:44pm

Europe

UK under fire as Brexit trade talks resume with EU

Britain left the 27-member EU on January 31 but remains bound by its rules until December 31.

Published 08 Sep, 2020 05:47pm

South Asia

Hong Kong activist charged under archaic sedition law

China argued the sweeping new law was needed to plug a lack of national security legislation in the restless city.

Published 08 Sep, 2020 05:45pm

Energy

Russia to build up half-finished oil wells to regain market share

Russia plans to build 2,700 unfinished oil wells.
Novak hasn't said if the unfinished wells project is approved.
Oil demand is down due to the coronavirus pandemic.

Published 08 Sep, 2020 05:42pm

Sports

England women's star Lucy Bronze rejoins Man City from Lyon

The defender, UEFA women's player of the year in 2019, has 81 England caps.

Published 08 Sep, 2020 05:41pm

Money & Banking

India pushes state-run banks to step up loans to street vendors

All bank branches in the state need to immediately accept all applications submitted under the street vendor scheme and disburse loans without delay.
Several branches of state-run banks were open on Sunday to distribute loans.

Published 08 Sep, 2020 05:39pm

World

Cooperate on climate or 'we will be doomed': UN chief

Guterres has urged Japan, India and China to drop their continued reliance on coal.

Published 08 Sep, 2020 05:40pm

Africa

South African economy plunged 51pc in Q2 during strict lockdown

S.Africa imposed one of world's toughest lockdowns.
Records largest GDP contraction ever.
Big declines apart from for agriculture.
COVID-19, power problems mean outlook bleak.

Published 08 Sep, 2020 05:38pm

Europe

'Diversity is strength': WTO candidate

GENEVA: More diversity would strengthen the World Trade Organization, a WTO leadership candidate said, suggesting...

Published 08 Sep, 2020 05:38pm

Money & Banking

Bahrain's ABC says in preliminary talks to buy Blom Bank's Egypt business

Blom has hired CI Capital to advise on a sale that could fetch $250 million to $300 million as the Lebanese lender tries to boost its capital.
Lebanese banks are trying to strengthen their finances as the country endures its worst financial crisis since the civil war.

Published 08 Sep, 2020 05:23pm

Energy

Oil slides over 3pc to lowest since June on demand fears

Coronavirus cases rise in US, India, Britain.
Brent crude falls to lowest since June 291.
OPEC+ panel meets on Sept. 17 to review market, supply pact.

Published 08 Sep, 2020 05:18pm

South Asia

Assange warned he will be removed from London court if outbursts continue

The US authorities accuse Australian-born Assange, 49, of conspiring to hack government computers and of violating an espionage law.
If you interrupt proceedings and disrupt a witness who is properly giving their evidence it is open to me to continue without you in your absence.

Published 08 Sep, 2020 05:14pm

Commodities

Sugar, coffee, cocoa fall as dollar rebounds

October white sugar fell $4.20, or 1.2%, to $354.80 a tonne.
Dealers said coffee was correcting following a stellar rally, weighed by the stronger dollar but not by any fundamental news.

Published 08 Sep, 2020 05:11pm

Stocks

Stocks struggle as tech remains fragile, pound slides

World shares fall slightly.
European shares down 1.2% after positive session in Asia.
Nasdaq futures fall 2.5% as New York trading resumes.
Dollar inches up before ECB, pound under Brexit pressure.
Oil falls below $41 on demand fears.

Published 08 Sep, 2020 05:06pm

Sports

Djokovic's breakaway players body has blindsided ATP council

From the council standpoint, especially the timing, the communication, the way this came to be.
I don't agree with how they're going about it and the method. I will always respect their effort to help the players,

Published 08 Sep, 2020 05:06pm

Punjab IG, CCPO standoff: PM gives approval to replace IGP Shoaib Dastagir

The government has appointed Inam Ghani as the new Provincial Police Chief

Updated 08 Sep, 2020 04:58pm

Nine out of 10 coronavirus patients in Karachi are asymptomatic, AKU study transpires

Researchers say asymptomatic cases in Pakistan are much higher than the developed world

Updated 08 Sep, 2020 04:50pm

Technology

New Hyundai Tucson to boost TPL Trakker AVN Systems

Hyundai Nishat Motor (Private) Limited has launched Hyundai Porter and Hyundai Tucson as CKD, as it aims to cement its brand in the country’s auto sector.

Published 08 Sep, 2020 04:17pm

Business & Finance

World Bank stresses on improving Karachi's solid waste management system

The WB in a series of tweets stated that in view of the emergency situation and ongoing floods in Karachi, the Sindh government would finance and implement activities through its funds.

Updated 08 Sep, 2020 04:08pm

Money & Banking

Engro Fertilizers, MCB introduce the first electronic bank guarantee solution in Pakistan

This system, currently operational only for Engro Fertilizers, is expected to be rolled out for all other clients of MCB Bank.

Updated 08 Sep, 2020 03:55pm

Life & Style

Netflix delays controversial French film Cuties launch in Turkey

A watchdog has judged that the film contained exploitation and abuse and “might lead to potential child exploitation behaviour patterns emerging”.

Updated 08 Sep, 2020 03:13pm

Trial in Khashoggi murder case lacks transparency, says UN rights office

Colville says the United Nations defy the convictions as the those responsible should be prosecuted and given sentences commensurate with the crime

Published 08 Sep, 2020 02:32pm

Pakistan

Govt to set up Cyber Crime Wing to catch fake message fraudsters

The Cyber Crime Wing will be set up in BISP with the aim of using digital technology in cracking down on the corrupt elements who fool the masses with deception and forgery.

Published 08 Sep, 2020 02:31pm

Perspectives

An Example of Naval Prowess: September 8th, the Navy Day

Traditionally, nations have grappled to endure and preserve dominance to guarantee a safe environment that ensures...

Published 08 Sep, 2020 02:25pm

Sports

Everton sign James Rodriguez from Real Madrid

The Premier League club are reported to have paid $29 million for the 29-year-old.

Published 08 Sep, 2020 02:20pm

Sports

PCB announces improved pay structure for domestic cricketers

D category player has an opportunity to earn more than what players received last season.

Updated 08 Sep, 2020 02:20pm

Sports

England's Malan pleased with performance under pressure

The 33-year-old has hit seven half-centuries and a ton in 15 innings since making his T20 debut in 2017.

Published 08 Sep, 2020 01:52pm

Sports

Man City at crossroads as Guardiola faces up to the future

The question is whether the Citizens can combine a gradual freshening up of their squad at the same time.

Published 08 Sep, 2020 01:49pm

Sports

Liverpool seek back-to-back titles to underscore dominance

Recent history suggests that retaining the trophy will be far more challenging for Juergen Klopp's side.

Published 08 Sep, 2020 01:48pm

Death toll from KP's Mohmand marble mine incident rises to 17

Six more bodies were pulled from the rubble while authorities fear more to be trapped.

Published 08 Sep, 2020 12:43pm

Business & Finance

Punjab Employment Scheme: CM approves launch, calls for further markup cut

Usman Bazdar in the meeting approved the launch of the Punjab Employment Scheme and directed to launch it this month.

Published 08 Sep, 2020 12:44pm

Business & Finance

Malaysia bans entry of Pakistanis among 23 countries after COVID cases spike

The Malaysian government has announced that it will impose an entry ban on citizens of countries recording more than 150,000 cases of Covid-19 starting Sept 7.

Published 08 Sep, 2020 12:23pm

Money & Banking

SBP Rozgar scheme saves over 1.4mn jobs

Soon after the outbreak of Covid-19 pandemic, the SBP took a number of steps to provide economic support to businesses and households.

Published 08 Sep, 2020 12:03pm

Life & Style

Prince Harry repays taxpayer money for UK home renovation

The contribution "fully covers" the renovations of Frogmore Cottage, which is owned by the Queen.

Updated 08 Sep, 2020 12:06pm

World

Chinese troops forced to take 'countermeasures' after Indian troops fired 'provocative' shots in border dispute

A military spokesperson for the Chinese, Zhang Shuili said that this action of the Indian side has seriously violated the bilateral agreement.

Published 08 Sep, 2020 11:35am

Pakistan

Pakistan’s NUTECH University develops ventilator to meet local needs

NUTECH scientists and engineers have commenced work on 3D Printer and portable X-Ray System as part of COVID-19 Initiatives under MoST.

Published 08 Sep, 2020 11:00am

India records highest coronavirus deaths in more than a month

The health ministry said 1,133 people had died of COVID-19 in the last 24 hours.

Published 08 Sep, 2020 10:38am

Technology

Easypaisa, PayFast join hands to accelerate online payments in Pakistan

Under the partnership, Easypaisa wallet users can now pay online using PayFast’s indigenous payment gateway.

Published 08 Sep, 2020 10:33am

World

Trump calls Biden 'stupid,' demands apology for challenging him on vaccines

Joe Biden accused Trump of putting lives at risk in his handling of the coronavirus.

Published 08 Sep, 2020 10:32am

Cotton

U.S. considering ban on cotton from Xinjiang region of China over rights concerns: New York Times

The potential ban which could be announced as soon as Tuesday comes amid reports of use of forced labour on minority Muslims in Xinjiang, the report said.

Published 08 Sep, 2020 10:31am

Commodities

Oil prices fall as fuel demand concerns grow after end of U.S. summer driving season

U.S. West Texas Intermediate (WTI) crude futures fell 76 cents, or 1.9%, to $39.01 per barrel at 0433 GMT, playing catch-up with a drop in Brent prices overnight.

Published 08 Sep, 2020 10:24am

Stocks

Global shares stabilise, try to shrug off U.S. tech rout scare

Japan's Nikkei advanced 0.4% as revised data confirmed the nation had slumped into its worst postwar contraction, with business spending taking a bigger hit from the coronavirus than initially estimated.

Published 08 Sep, 2020 10:14am

Forex

Dollar hangs on as traders turn to ECB; Brexit wobbles hit sterling

In thin holiday trade the greenback had edged 0.2% higher against a basket of currencies and rose by roughly the same margin against the euro to $1.1816.

Published 08 Sep, 2020 10:23am

Business & Finance

Japan's economy sinks deeper into worst postwar contraction, intensifies challenge for new leader

Other data put that challenge in perspective, with household spending and wages falling in July as the broadening impact of the pandemic kept consumption frail even after lock-down measures were lifted in May.

Published 08 Sep, 2020 10:03am

BR Research

Privatization: Don’t sell cheap

Since the government is not lately getting enough interest from banks on PIBs at low interest rates, the finance...

Published 08 Sep, 2020 08:13am

Exchange

Karachi Transformation Plan

The federal government’s Karachi Transformation Plan (KTP) has been received warmly by nearly all and sundry,...

Published 08 Sep, 2020 08:13am

BR Research

Pakistan’s Covid turnaround: One of the best

Guatemala, Czechia, Moldova and El Salvador today have more coronavirus active cases than Pakistan. Just two months...

Published 08 Sep, 2020 08:12am

BR Research

Fauji in losses

Following a similar trajectory to its peers, Fauji Cement (PSX: FCCL) has marked a dreary end to the year that was...

Published 08 Sep, 2020 08:11am

Currency

First Imrooz Modaraba

First Imrooz Modaraba (PSX: FIMM) was established in 1993 under the Modaraba Companies and Modaraba (Floatation and...

Published 08 Sep, 2020 08:11am

Supplements

Two Years of PTI-Led Government: Economy and foreign policy

ARTICLE: Realpolitik dictates that economic interests need to form the core of a country's dealings...

Updated 08 Sep, 2020 03:58am

Exchange

Two Years of PTI-Led Government: Prospects amidst Challenges

ARTICLE: Last year on the completion of one year of PTI in...

Updated 08 Sep, 2020 03:56am

Supplements

Two Years of PTI-Led Government: "Power sector: The road less travelled"

ARTICLE: The second year in office was surely much better than the first for PTI, in terms of performance on the...

Updated 08 Sep, 2020 03:53am

Exchange

Two Years of PTI-Led Government: No clear-cut export strategy two years later

ARTICLE: The second full year of the PTI Government has come to an end.

Updated 08 Sep, 2020 03:51am

Exchange

Two Years of PTI-Led Government: "Hybrid rice: The way of forward"

ARTICLE: Rice has special...

Updated 08 Sep, 2020 03:48am

Supplements

Two Years of PTI-Led Government: KE and Karachi synonymous with one another

ARTICLE: Karachi is Pakistan's economic backbone, providing the lion's share of the country's revenue. The city...

Updated 08 Sep, 2020 03:47am

Cotton

Two Years of PTI-Led Government: Reviewing Economy of Pakistan

ARTICLE: As the world severely got hit by the COVID-19 pandemic, the economies all around the world nearly ...

Updated 08 Sep, 2020 03:45am

Cotton

Two Years of PTI-Led Government: The writing is on the wall

ARTICLE: The Naya Pakistan dream, and the Naya Pakistan that eventually materialized are two very...

Updated 08 Sep, 2020 03:43am

Exchange

Two Years of PTI-Led Government: "Foreign flows: PTI govt's bittersweet encounter"

ARTICLE: Two years into Pakistan Tehreek-e-Insaaf's government have been a roller coaster ride not only in terms of...

Updated 08 Sep, 2020 03:41am

Supplements

Two Years of PTI-Led Government: Message from Abdul Razak Dawood Advisor to the Prime Minister on Commerce and Investment

TEXT: The economy of Pakistan remained volatile due to lack of a long-term...

Updated 08 Sep, 2020 03:37am

Letters

Unfortunate exchange of barbs

A letter to the Business Recorder Editor carried by the newspaper recently its writer had expressed some legitimate...

Updated 08 Sep, 2020 03:35am

Opinion

In Pennsylvania, a Trump-Biden battle on uneven ground

ARTICLE: Door-to-door canvassing and weekly rallies for Donald Trump, while Joe Biden's campaign avoids both due to...

Updated 08 Sep, 2020 03:35am

Federal govt explains funding strategy for Karachi projects

ISLAMABAD: Information Minister Shibli Faraz on Monday said the government had announced Rs1,100 billion for the...

Updated 08 Sep, 2020 03:34am

'Supra-national' law needed to bypass privacy protection: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed that a supra-national law is required to bypass the...

Updated 08 Sep, 2020 03:33am

Nullah cleaning: 'Sindh may request WB for reimbursement'

ISLAMABAD: Sindh government may request the World Bank to reimburse it for the expenditures on nullah cleaning...

Updated 08 Sep, 2020 03:32am

Saudi king calls for 'fair' Palestinian solution in Trump call

RIYADH: Saudi Arabia supports a "fair" solution for the Palestinian cause, King Salman has told Donald Trump in a...

Updated 08 Sep, 2020 03:31am

Exchange

PHL's PES-II: Hafeez praises role of PSX

KARACHI: Pakistan Stock Exchange (PSX) held a gong ceremony Monday to mark the successful book building and listing...

Updated 08 Sep, 2020 03:31am

Body formed to resolve KE issues

ISLAMABAD: The federal government has established a "one-window operation committee" headed by Additional Secretary...

Updated 08 Sep, 2020 03:30am

Govt stakes in OGDCL, PPL: Offloading decision ratified by cabinet

ISLAMABAD: The federal cabinet has ratified CCoP's decision about offloading 7 per cent shares of OGDCL and 10 per...

Updated 08 Sep, 2020 03:30am

Business & Finance

China says CPEC has registered progress against all odds

BEIJING: China on Monday commended positive comments made by Prime Minister Imran Khan on bilateral relations ...

Updated 08 Sep, 2020 03:29am

Business & Finance

Chinese delegation visits LCCI

LAHORE: A three-member Chinese trade delegation headed by Gao Bao Jun on Monday visited the Lahore Chamber of...

Updated 08 Sep, 2020 03:28am

Business & Finance

Rs156.45m worth of federal govt properties auctioned

ISLAMABAD: The Ministry of Privatization on Monday succeeded in auctioning Rs156.45 million worth of properties in...

Updated 08 Sep, 2020 03:27am

Business & Finance

UK warned over Brexit deal commitments

LONDON: Britain on Monday faced warnings it risked its international reputation if it reneged on its agreement to...