News Archives for Latest - 2020-09-09

Commodities

Massive gas reserves discovered in Kalat, Balochistan

“Discovery of 1 trillion+ cubic feet of gas in Kalat, Balochistan, brings good news in controlling Pakistan's energy crisis for the residential and commercial sector,” said the minister.

Updated 11 Sep, 2020 10:47am

Exchange

Due PSX projection to attract more investment: Alvi

The exchange’s each indicator was very positive and it offered very good return in terms of Pak rupee and dollar.

Published 09 Sep, 2020 11:56pm

Pakistan

One million youth to start businesses under ‘Kamyab jawan Programme’;SAPM

Dar said that Kamyab Jawan Programme was like the backbone of the national economy and the government had distributed Rs. 1 billion so far under the programme.

Published 09 Sep, 2020 11:54pm

Exchange

Accountability, security imperative for development of country: Shahbaz Gill

He said the government was focusing on development of the value-added sector in the country, adding that Prime Minister Imran Khan was keen to promote this sector.

Published 09 Sep, 2020 11:50pm

Pakistan

All stakeholders committed to work jointly for Karachi’s development: Asad

The minister said the Pakistan Tehreek-e-Insaf (PTI) government was fully focusing on the country’s biggest financial hub to provide relief to the rain-stricken residents of Sindh metropolis.

Published 09 Sep, 2020 11:48pm

Pakistan

KTP shows PM's sincerity to resolve Karachi's longstanding problems: Shibli

It was need of the time for all the political stakeholders to put their heads together and jointly work for the well-being of the people of Karachi, he stressed.

Published 09 Sep, 2020 11:46pm

Pakistan

FM Qureshi, Tajik counterpart discuss bilateral ties

Foreign Minister Qureshi said that Pakistan would continue playing its sincere role for peace and reconciliation in the region including the Afghan peace process.

Published 09 Sep, 2020 11:43pm

Pakistan

Return to Pakistan, a moral duty of Nawaz: Fawad

Nawaz Sharif was allowed to go abroad on medical grounds as advised by the doctor but now the PML-N leader was medically fit, Fawad said while talking to a private news channel.

Published 09 Sep, 2020 11:41pm

Pakistan

Shahzad asks Bilawal to declare assets of Sindh govt, family members

He said Bilawal Bhutto Zardari should follow suit and tell the public about the assets of his provincial government members and their families.

Published 09 Sep, 2020 11:40pm

Pakistan

Ziauddin University observes World Physiotherapy Day

The University organized an informative virtual seminar ‘Road to Recovery’.

Published 09 Sep, 2020 09:09pm

Middle East

US hopeful for resolution on Qatar blockade

Qatar in July won a ruling at the International Court of Justice as it fights airspace restrictions by the other Arab states.

Published 09 Sep, 2020 08:56pm

Europe

Russia protests Germany's 'accusations and ultimatums' on Navalny

Navalny suddenly fell seriously ill last month as he took a flight in Siberia and was evacuated to Berlin for treatment.

Published 09 Sep, 2020 08:53pm

Business & Finance

Yield curve edges steeper before 10-year auction

Benchmark 10-year note yields were unchanged on the day at 0.684%.

Published 09 Sep, 2020 08:51pm

Business & Finance

German bond yields rise on stocks rally, eyes on the ECB

Italian bond yields, expected to be a beneficiary of any additional ECB stimulus, edged down, with the 10-year 1.5 bps lower at 1.088%.

Published 09 Sep, 2020 08:47pm

Forex

US dollar slides from four-week high; euro rises

The dollar also fell against the Swiss franc, declining 0.4% to 0.9141 franc.

Published 09 Sep, 2020 08:45pm

Commodities

Copper edges higher as China recovery stays the course

The metal has gained about 50% since March and is the best performer this year among base metals.

Published 09 Sep, 2020 08:39pm

Commodities

Gold edges up on economic woes, firm dollar caps gains

Silver was little changed $26.71, while palladium was down 0.4% at $2,264.53.

Published 09 Sep, 2020 08:37pm

Exchange

Long-Term Stock Exchange opens for business as trading goes live

The exchange offer firms a public-market option designed to sustain growth over long period

Updated 09 Sep, 2020 08:20pm

Forex

Pound dips to 6-week low as UK clashes with EU over Brexit bill

The pound has fallen more than 4% over the past five trading sessions.

Published 09 Sep, 2020 07:21pm

Pak Army shoots down Indian spy drone in Chakothi sector

ISPR states the quadcopter had intruded 500 meters in Pakistan's territory along the Line of Control

Published 09 Sep, 2020 07:13pm

Stocks

Equities rebound after three-session Nasdaq sell-off

MSCI's gauge of stocks across the globe gained 0.91% following broad declines in Asia and rallies in Europe.

Published 09 Sep, 2020 07:17pm

World

IMF says coronavirus crisis ‘far from over,’ more support needed

IMF estimates the total cost of the crisis will reach $12 trillion by the end of 2021.

Published 09 Sep, 2020 07:14pm

Energy

Oil prices reverse some losses but demand concerns persist

US crude was up 57 cents, or 1.6%, at $37.33 a barrel, having fallen nearly 8% in the previous session.

Published 09 Sep, 2020 07:11pm

Coronavirus crisis "far from over," more support needed: IMF

Economists say recovery remains very fragile and uneven across regions and sectors. To ensure that the recovery continues, it is essential that support not be prematurely withdrawn

Updated 09 Sep, 2020 07:05pm

Sports

Squads for National T20 Cup confirmed

Head coaches select their respective squads from pool of players announced on 28 August; squads to be reshuffled for Quaid-e-Azam Trophy and Pakistan Cup closer to events

Updated 09 Sep, 2020 07:02pm

Exchange

Rupee weakens against dollar

The buying and selling rates of dollar were recorded at Rs166 and Rs 166.5 respectively.

Published 09 Sep, 2020 07:01pm

Pakistan

Govt collects Rs142.977bn oil, gas royalty in 21 months

During the period, the government granted 10 licences and extended 124, granted 15 leases and extended 48, drilled 142 wells.

Published 09 Sep, 2020 07:00pm

Fifth Generation Warfare by anti-state elements against country's interests must be safeguarded: COAS

"Forum reviewed the region's geostrategic environment as well as the situation at LoC, Pak-Afghan Border, internal security and Pakistan’s positive role & contributions in Afghanistan Peace Process

Published 09 Sep, 2020 06:12pm

Pakistan

Railways generate Rs10bn revenue, reduces deficit by Rs4bn

During the financial year 2018-2019, earning of the department stood at Rs 54.59 billion.

Published 09 Sep, 2020 06:21pm

Pakistan

Tobacco exports increase 137.53pc in July 2020

The export of tobacco is increased by 151.87 percent by going up from 268 metric tons to 675 metric tons.

Published 09 Sep, 2020 06:18pm

Exchange

Trump to announce US troop withdrawals from Iraq, Afghanistan

The Pentagon said in August that its goal was to get down to fewer than 5,000 troops as inter-Afghan peace talks progress.

Published 09 Sep, 2020 06:02pm

World

China's biggest airshow cancelled for first time over pandemic

The event takes place every two years.
The event is China's main aerospace industry exhibition, with products, trade talks and a flying display.

Published 09 Sep, 2020 06:00pm

Europe

EU reserves 200 million more coronavirus vaccines

Labs around the world are racing to produce a vaccine to help end the worst health crisis in over a century.

Published 09 Sep, 2020 05:55pm

Country could face gas crisis in coming winter, warns PM

Imran says if previous governments had taken measures on national issues, the situation would have been a lot different

Published 09 Sep, 2020 05:45pm

World

EU-China video call to replace mega summit

EU-China relations are complicated with Beijing seen as privileging bilateral ties with European member states.

Published 09 Sep, 2020 05:38pm

Europe

Belarus strongman says could call early presidential elections

The opposition has urged Lukashenko to acknowledge defeat and step down.

Published 09 Sep, 2020 05:36pm

Europe

EU says ready to help migrants after Greece fire

Schinas is the EU commissioner for migration, security and "promoting the European way of Life."

Published 09 Sep, 2020 05:33pm

Stocks

European stock markets climb despite rout elsewhere

Sterling continuing its retreat on fears that Britain will fail to strike a post-Brexit trade deal.

Published 09 Sep, 2020 05:25pm

CanSino Phase 3 COVID-19 vaccine trial in Pakistan expected to begin this month

The Ad5-nCoV trial will recruit around 8,000 volunteers over a four-month period , most of whom will be health workers

Published 09 Sep, 2020 04:57pm

Technology

Easypaisa, NADRA Technologies Collaborate for Accessible Digital Financial Services

Under the partnership, all 12,000 NADRA e-Sahulat centers across the country will now also provide a host of Easypaisa services.

Published 09 Sep, 2020 04:08pm

Technology

Ransomware attack hits K-Electric, disrupts billing, online services

K-Electric could not issue electricity bills to its consumers in various regions as its billing system became non-functional after the attack.

Updated 09 Sep, 2020 04:04pm

AstraZeneca halts COVID-19 vaccine trial after unexplained illness

The development could delay and derail efforts to speed up immunization against coronavirus for the world

Published 09 Sep, 2020 03:26pm

CAA sacks three officials over "dubious" pilot licenses

Those terminated include an officer of CAA’s regulatory licence branch and a joint director

Published 09 Sep, 2020 02:44pm

Sports

Babar Azam losses top spot in ICC T20I rankings

England middle-order batsman David Malan jumped four spots to claim the number 1 position in the latest rankings issued on Wednesday.

Published 09 Sep, 2020 02:11pm

Sports

Brazil great Pele congratulates Ronaldo for surpassing 100-goal mark

The 35-year-old scored twice in Portugal's 2-0 victory over Sweden.

Published 09 Sep, 2020 02:01pm

Sports

Ronaldo hits landmark goal as Portugal down Sweden in Nations League

The 35-year-old scored twice to take his goal tally to 101.

Published 09 Sep, 2020 01:51pm

Sports

Ambitious Mourinho looks to make his mark at Tottenham

57-year-old Portuguese coach has been brought to Spurs to win silverware, something Pochettino failed to do.

Published 09 Sep, 2020 01:44pm

Business & Finance

Pakistan Refinery Limited resumes operations weeks after Karachi rains damage oil pipelines

“The crude oil connectivity between Keamari Terminal and the Refinery through the pipeline has been restored through a temporary arrangement,” the company said.

Published 09 Sep, 2020 01:48pm

Sports

Solskjaer must deliver another year of progress for United

Last season's mission for manager was to get the team into the top four which he managed to do so.

Published 09 Sep, 2020 01:42pm

Pakistan

United States issues Level-3 Travel Advisory for Pakistan

“The Centers for Disease Control and Prevention (CDC) has issued a Level 3 Travel Health Notice for Pakistan due to COVID-19,” read the advisory.

Published 09 Sep, 2020 01:34pm

Pakistan

Pakistan's remittance boom about to go bust, warns international rating agency

The Fitch Ratings forecasts Pakistan's current account to widen to 1.7 percent of the GDP in the fiscal year 2021.
Fitch Ratings rates remittance flows in the first half of 2020 and prospects for the coming quarters in Pakistan 'B-/Stable'

Published 09 Sep, 2020 01:19pm

Pakistan

PM wants 'national consensus' on Pakistan's gas situation, subsidies

He said subsidies are either given to people who lack basic necessities or to remote areas that do not have adequate facilitation.

Published 09 Sep, 2020 01:19pm

Technology

Huawei to train hundreds of Pakistan’s govt officials

The Prime Minister said that there are vast opportunities for investment in Pakistan in the field of technology.

Published 09 Sep, 2020 12:40pm

Afghan VP Amrullah Saleh escapes bomb attack in Kabul

“I have slight burns on my face and hand from the wave of the blast," the VP said following the attack.

Updated 09 Sep, 2020 11:43am

Life & Style

Mulan remakes sparks backlash, calls for boycott over Xinjiang and Hong Kong

The film was partly filmed in the Xinjiang region, while the lead actor has expressed support for police action against protesters in Hong Kong.

Published 09 Sep, 2020 11:30am

Commodities

Saudi Arabia slashes oil prices as demand weakens

The move was initiated by industry giant Saudi Arabia which is cutting prices for October shipments in an effort to support market demand for both its Asian and American customers.

Published 09 Sep, 2020 11:11am

Exchange

Merchant marine policy of Pakistan and international ship liners: Challenge or opportunity?

The shipping industry has surfaced as the most significant component of international transportation infrastructure...

Updated 09 Sep, 2020 11:06am

Business & Finance

Reversing course ahead of election, Trump extends drilling ban off Florida

The executive order, which would also expand the ban to Florida’s Atlantic coast and to the coasts of Georgia and South Carolina, was met with an unusual mix of disappointment from a drilling industry group and skepticism by environmentalists.

Published 09 Sep, 2020 10:52am

Court indicts Zardari, declares Sharif proclaimed offender in Toshakhana reference

Nawaz Sharif is in London since last year.

Updated 09 Sep, 2020 10:56am

Perspectives

The Dilemma of Renewables and the RE Policy 2019

While the new Renewable Energy (RE) Policy, 2019 has finally seen the light of the day, the fate of renewable energy...

Published 09 Sep, 2020 10:28am

Business & Finance

Amazon's Bezos tops Forbes richest list, pandemic knocks Trump lower

The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy, which is short about 11 million jobs compared to where it was in February.

Published 09 Sep, 2020 10:22am

Pakistan reports 349 more coronavirus recoveries

286,506 people have recovered from COVID-19.

Published 09 Sep, 2020 10:13am

Stocks

Tech rout roils Asian shares, oil futures extend slump

MSCI's broadest index of Asia-Pacific shares outside Japan slid 1.12%. Australian stocks dropped 2.24%, while shares in China fell 1.16%.

Published 09 Sep, 2020 10:15am

Commodities

Oil falls further amid growing alarm over coronavirus second wave

Brent crude was down 16 cents, or 0.4%, at $39.62 a barrel by 0241 GMT after declining more than 5% on Tuesday.
U.S. crude was down 24 cents, or 0.7%, at $36.52 a barrel, having fallen nearly 8% in the previous session.

Published 09 Sep, 2020 10:13am

Forex

Dollar and yen rise as tech selloff sends investors to safety

The greenback sat by a one-month high against a basket of rivals and edged up against the pound, euro and the kiwi.

Published 09 Sep, 2020 10:10am

Business & Finance

U.S. firms in China increasingly fear soured ties will last for years: survey

Half of the firms said they believe soured ties will last at least three years, up sharply from 30% in 2019, according to an annual business sentiment survey conducted by the American Chamber Commerce in Shanghai and consultancy PWC China.

Published 09 Sep, 2020 10:08am

Life & Style

Israeli brand shoots pyjama ad in Dubai after normalisation deal

Out of respect for customs in the UAE, the lingerie brand modelled only pajamas.

Published 09 Sep, 2020 08:45am

BR Research

Researching tax

Over the last two months, a series of developments at the FBR have raised hopes that some progress may finally be ...

Published 09 Sep, 2020 07:44am

BR Research

Covid impact: still uncertain

Coronavirus cases have thankfully plateaued to a manageable level. Markets are buzzing. Restaurants are full. ...

Published 09 Sep, 2020 07:44am

BR Research

Broiler: time for a rebound?

The lockdown is as good as dead, yet national average poultry prices continue their downward slide. Prices are now...

Published 09 Sep, 2020 07:43am

BR Research

Oil prices – much depend on demand

During such tumultuous times, a decline in oil price volatility for the last three months should make headlines....

Published 09 Sep, 2020 07:43am

Currency

Allied Rental Modaraba

Allied Rental Modaraba (PSX: ARM) started its operations in early 2007; it was formed under the Modaraba Companies...

Published 09 Sep, 2020 07:42am

Life & Style

In a 2019 interview, Nauman Ijaz boasts he has repeatedly cheated on his wife — and gotten away with it too

The longtime actor described himself as appreciative of "inner and outer beauty".

Published 09 Sep, 2020 03:55am

Opinion

LNG investments vanish in 2020 as coronavirus slashes oil and gas prices

ARTICLE: No new liquefied natural gas (LNG) export projects could be approved this year for the first time in at...

Updated 09 Sep, 2020 03:04am

Letters

'Political negligence'

Prime Minister Imran Khan deserves a lot of praise for rightly diagnosing a battered Karachi. Identifying the nature...

Updated 09 Sep, 2020 03:03am

Pakistan

NHA is highest receiver of funds under PSDP

ISLAMABAD: National Highway Authority (NHA) is the highest receiver of development funds under the Public Sector...

Updated 09 Sep, 2020 03:01am

Pakistan

MQM-P disappointed over implementation of KTP thru Sindh government

KARACHI: Muttahida Qaumi Movement-Pakistan (MQM-P) on Tuesday expressed disappointment over federal govt's decision...

Updated 09 Sep, 2020 03:00am

Pakistan

PML-N criticises PTI over removal of Punjab IGP

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) has expressed serious concerns over the frequent changing of...

Updated 09 Sep, 2020 03:00am

Pakistan

River Indus in high flood at Guddu

LAHORE: River Indus has been in high flood at Guddu Barrage. According to flood forecasting department on Tuesday,...

Updated 09 Sep, 2020 03:00am

Pakistan

Fawad assures PCMA of support for its research, development projects

LAHORE: Federal Minister for Science and Technology Fawad Hussain Chaudhry has assured to support the Pakistan...

Updated 09 Sep, 2020 03:00am

Exchange

Sindh and Balochistan: UAE announces medical, food package for flood victims

ISLAMABAD: Hamad Obaid Ibrahim Al Zaabi, the Ambassador of the United Arab Emirates to the Islamic Republic of...

Updated 09 Sep, 2020 03:00am

Pakistan

Coronavirus situation under control: Governor

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar said on Tuesday that the coronavirus situation is under control due...

Updated 09 Sep, 2020 03:00am

Pakistan

Cancellations due to Covid-19: Emirates refunds over $1.4bn to customers

KARACHI: Emirates Airlines has refunded over AED 5 billion ($1.4 billion) so far to its customers on account of...

Updated 09 Sep, 2020 03:00am

Pakistan

KCCI demands of Nepra to end KE 'monopoly'

KARACHI: The Karachi Chamber of Commerce and Industry has demanded of NEPRA to end "the monopoly of K-Electric in...

Updated 09 Sep, 2020 03:00am

Industry

FBR chief urged to defer IT notices for six months

KARACHI: Suleman Chawla, President of SITE Association of Industry, has expressed serious concern over sending of...