News Archives for Latest - 2020-09-10

Life & Style

'I can't sleep': How Pakistanis reacted to the horrific Motorway rape — and the gross victim blaming

As usual, some people couldn't resist pointing fingers at the victim.

Updated 21 Sep, 2020 07:59am

Sports

PCB to conduct open trials for U19 associations sides

Local boys and outstation players to attend trials on 16 and 17 September, respectively.

Updated 11 Sep, 2020 02:12pm

World

Sudan floods affect over half a million people: UN

At least 111,426 homes were damaged or destroyed across the country, OCHA said in a statement.

Published 10 Sep, 2020 11:49pm

Business & Finance

Vaccine still possible this year, despite trial pause: AstraZeneca

"Some will read out this year in terms of efficacy and safety," he told a Downing Street news conference.

Published 10 Sep, 2020 11:47pm

Currency

IMF set to help Lebanon once new government in place

"The audit will also help assess the impact of the central bank's financing of government operations, and the central bank's financial engineering on its own."

Published 10 Sep, 2020 11:45pm

Currency

UK rejects EU call to back down over Brexit bill

However, House of Representatives Speaker Pelosi gave short shrift to any hopes of Congress ratifying a future trade deal if Britain ploughs ahead with the new Brexit bill.

Published 10 Sep, 2020 11:43pm

USA

US govt study highlights Covid-19 risk from bars and restaurants

It was already suspected that this was the case, but few studies have sought to rigorously establish a hierarchy of risk in public activities.

Published 10 Sep, 2020 11:42pm

USA

Twitter may remove unverified election result claims

The social media firm said that under a new policy in effect from next week, "we will label or remove false or misleading information intended to undermine public confidence in an election or other civic process."

Published 10 Sep, 2020 11:34pm

Coronavirus: latest global developments

More than 27.9 million cases have been confirmed.

Published 10 Sep, 2020 11:29pm

World

UN calls for 'quantum leap' in funding for virus fight

South Africa and Norway are co-chairing the ACT-Accelerator facilitation council, which will guide the programme's work.

Published 10 Sep, 2020 11:27pm

Taliban say ready to begin Afghan peace talks Saturday

The Islamic Emirate of Afghanistan would like to declare its readiness to take part in the inauguration ceremony of the intra-Afghan negotiations.

Published 10 Sep, 2020 11:25pm

World

Wildfires devastate US West Coast, at least eight dead

Five towns were "substantially destroyed" as widespread evacuations took place across Oregon, governor Kate Brown said.

Published 10 Sep, 2020 11:23pm

58 killed in attacks in eastern DR Congo's Ituri province

President Felix Tshisekedi sent a group of former warlords to Ituri last month to convince CODECO to stop its attacks.

Published 10 Sep, 2020 11:21pm

Africa

Nigerian doctors end strike over pay

In June, NARD staged a week-long strike, but doctors treating coronavirus cases remained on the job.

Published 10 Sep, 2020 11:19pm

Energy

Oil ease after surprise US crude stock build confirmed

US crude stocks rise 2 mln bbls, vs 1.3 mln forecast draw –EIA.
API also said US crude stockpiles rose last week.
Traders booking tankers to store oil.
OPEC+ meeting due Sept. 17

Published 10 Sep, 2020 09:02pm

Forex

South Africa rand falls after poor data, stocks rise

Statistics South Africa agency figures showed on Thursday that mining output fell 9.1% in July while manufacturing was down 10.6%.
South Africa's weakening economic fundamentals have dragged down the rand,

Published 10 Sep, 2020 09:02pm

Financial

Yield curve steepens before 30-year auction

The Treasury has been increasing the size of its auctions across the curve as it pays for stimulus meant to boost the economy after coronavirus lockdowns.
The curve is steepening a little today, consistent with the supply this week.

Published 10 Sep, 2020 08:55pm

Commodities

Gold jumps as dollar retreats post US jobs data, ECB decision

ECB keeps policy unchanged.
Dollar slips from 4-week high.
Spot gold may rise more to $1,965/oz – technicals.

Updated 10 Sep, 2020 08:55pm

Violent incidents across Pak-Afghan border 'meant to derail' peace process: DG ISPR

Iftikhar says Pakistan earnestly believes that both countries deserve peace and progress. Together we will defeat all spoilers

Published 10 Sep, 2020 08:45pm

Prisoners sought by Taliban on flight to Doha, paving way for peace talks: Sources

The prisoners will be kept under supervision in Qatar's capital where United States-brokered peace talks will also initially take place

Published 10 Sep, 2020 08:35pm

CCPO Lahore says police has lead in Motorway rape case, culprits will be arrested soon

The CCPO's media briefing comes hours after his comments were promptly condemned on social media for blaming the victim and putting the onus of preventing a crime on the victim instead of the perpetrators

Updated 10 Sep, 2020 08:34pm

Stocks

Wall Street climbs as tech rallies for a second day

Weekly jobless claims stuck at higher levels.
Rebound continues for Apple, Tesla shares.
Indexes up: Dow 0.68%, S&P 0.74%, Nasdaq 1.32%.

Published 10 Sep, 2020 08:21pm

Commodities

Raw sugar prices ease, coffee and cocoa climb

October raw sugar was down 0.13 cent, or 1.1%, at 11.90 cents per lb by 1425 GMT.
The market continued to draw support from low exchange stocks, which remain around a 20-year low. *December New York cocoa was up $15, or 0.6%, at $2,577 a tonne.

Published 10 Sep, 2020 08:19pm

Stocks

TSX gains ahead of BoC governor's speech as Wall Street bounces

The energy sector dropped 0.2% as US crude prices were down 0.3% a barrel, while Brent crude lost 0.2%.
The materials sector, which includes precious and base metals miners and fertilizer companies,

Published 10 Sep, 2020 08:19pm

World

US Senate panel to take up FAA aircraft certification reform bill

The measure seeks to eliminate the ability of aircraft makers like Boeing to unduly influence the certification process.
The Senate legislation would grant new whistleblower protections to workers at airplane and parts manufacturers.

Published 10 Sep, 2020 08:15pm

Currency

US weekly jobless claims flattening as labor market momentum ebbs

Weekly jobless claims unchanged at 884,000.
Continuing claims increase 93,000 to 13.385 million.
Producer prices rise 0.3% in August; core PPI up 0.3%.

Published 10 Sep, 2020 08:12pm

Forex

Rouble breaks through 75 against dollar as central bank confirms FX sales

The rouble did not react to what VTB Capital analysts described as the key event of the week.
Alor Broker analyst Alexei Antonov warned that another aggravation of relations between Russia and the West could lead to a strong fall in the Russian currency.

Published 10 Sep, 2020 08:10pm

Money & Banking

Citigroup's Jane Fraser to become first woman to head a Wall Street bank

Great news for the company and for women everywhere!" tweeted Bank of America Corp operations and technology chief Cathy Bessant.
"Investors will need to hear more from Jane, sooner rather than later," she said.

Published 10 Sep, 2020 08:08pm

Energy

US natgas slips to 3-week low on cooler forecasts, normal storage build

The US EIA said US utilities injected 70 billion cubic feet (bcf) of gas into storage in the week ended Sept. 4.
Before EIA released the storage report, the front-month was down 3.2%.

Published 10 Sep, 2020 08:06pm

Pakistan

Pakistan's gold reserves rise 20pc to $3.04bn: ADB

The region’s economies received more than one-third of total global direct investment in 2019.
The region’s global export share increased to 36.5% in 2019 from 28.4% in 2000.

Published 10 Sep, 2020 08:07pm

Commodities

Brazil's sugar production up 16pc; ethanol sales down 13pc

Brazilian mills continue to prioritize sugar production at the expense of ethanol, since the sweetener is currently providing higher financial returns.
Ethanol sales are lagging last year's levels. Mills sold 2.69 billion liters in August, 13% less on a year-on-year basis.

Updated 10 Sep, 2020 08:06pm

Pakistan

Pakistan’s spends over $ 386 million on import of IT services

The imports of other computer services rose by 90.28 percent from US$ 28.703 million to US $ 54.615 million.

Published 10 Sep, 2020 08:03pm

USA

New York to mark 9/11 anniversary amid virus gloom

The site museum will also open for the first time since the novel coronavirus brought the city to a standstill in March.

Published 10 Sep, 2020 07:50pm

Money & Banking

Citigroup names Jane Fraser as first woman CEO

From 2012 to 2019, the banking giant saw net income rise from $7 billion to $20 billion, Corbat said.

Published 10 Sep, 2020 07:47pm

Business & Finance

India's Reliance denies plans for Amazon mega-deal

Reliance has been fighting Amazon and Walmart for a share of India's online market.

Published 10 Sep, 2020 07:45pm

Money & Banking

Russian central bank says base scenario does not envisage additional sanctions against Moscow

Turmoil in neighbouring Belarus and the fallout from the suspected poisoning of Kremlin critic Alexei Navalny have put pressure on Russian assets in recent weeks.
Zabotkin added that Russia's economy may return to growth in quarter-on-quarter terms in the third quarter of this year.

Published 10 Sep, 2020 07:38pm

Commodities

Wheat up 5-8 cents, corn up 2-3 cents, soy steady-up 2 cents

Wheat firming on bargain buying after five straight days of declines. Strong world demand supportive.
CBOT December corn futures rose above their 200-day moving average overnight.

Published 10 Sep, 2020 07:35pm

USA

Brazil's retail sales in July surge to six-year high, near all-time peak

The 5.2% rise in retail sales excluding cars and building materials last month was more than four times the median forecast of a 1.2% rise in a Reuters poll of economists.
As the index plunged from February to April, the base was very low and this recovery has brought all indicators to pre-pandemic levels.

Published 10 Sep, 2020 07:33pm

Energy

Russian oil flows back to Europe from Asia, pricing weakens

Urals differentials to the benchmark Brent blend in northwestern Europe, a key metric for the pricing.
He had long complained about Urals' discount to Brent, questioning if the pattern was justifiable.

Published 10 Sep, 2020 07:31pm

Stocks

Egypt outperforms Mideast markets; Dubai eases

Egypt's headline inflation decreased to 3.4% in August.
24 of 30 stocks gain on Egyptian index.
Dubai non-oil private sector growth slows in August – PMI.

Published 10 Sep, 2020 07:31pm

Currency

ECB's Lagarde says bank watching euro closely

Policy unchanged.
ECB closely watching euro.
Growth momentum fading, but no new stimulus.
Inflation forecast for this year maintained.

Published 10 Sep, 2020 07:26pm

Forex

Canadian dollar steadies ahead of Macklem speech, as oil falls

Canadian dollar trades near flat against the greenback.
Price of US oil decreases 2%.
Canadian bond yields edge higher across the curve.
Moody's revises the outlook on Saskatchewan to negative.

Published 10 Sep, 2020 07:22pm

Companies

Rio Tinto to raise $500mn to develop Mongolia mine

The Mongolian state has a 34% stake in the Oyu Tolgoi project, while Rio's majority-owned Turquoise Hill Resources Ltd owns the remaining.
In reprofiling, the time for repayment is extended, but the value of the debt is not marked down.

Published 10 Sep, 2020 07:21pm

Industry

VW's trucks arm Traton sweetens Navistar offer to $43 per share

VW's trucks arm makes bid for US peer Navistar.
Traton sweetens takeover offer to $43 from $35 per share.
Volkswagen says aim is for full takeover.

Published 10 Sep, 2020 07:20pm

Middle East

Virus cases top two million in wider Mideast: WHO

The WHO listed the hardest-hit countries as Iran with more than 393,000 cases, Saudi Arabia with more than 320,000.

Published 10 Sep, 2020 07:03pm

Europe

Macron urges EU to unite over Turkey's 'unacceptable' conduct

The EuroMed 7 came into being against the backdrop of the economic crisis in Greece.

Published 10 Sep, 2020 06:58pm

South Asia

Jakarta to reimpose partial lockdown as virus cases surge

The announcement comes three months after an earlier lockdown was lifted, sending infection rates soaring.

Published 10 Sep, 2020 06:43pm

Companies

Options market signals bumpy ride for Tesla shares

The electric-car maker's shares were up roughly 2% at $373.50 in premarket trading.
Tesla shares shed 21% on Tuesday - their biggest one-day percentage drop on record - after the stock's surprise exclusion from the S&P 500.

Published 10 Sep, 2020 06:44pm

Forex

Battered sterling sinks to more than 5-month low vs euro as Brexit talks start

The pound was last down at 91.78 pence against the euro , its lowest since March 26. Versus the US dollar it also fell by 0.6% at $1.2931
"There's an increased risk of a no-deal (Br)exit," said Simon Harvey, forex analyst at Monex Europe, a UK broker.

Updated 10 Sep, 2020 06:43pm

Middle East

Deadlock in Arab League over UAE-Israel deal

The UAE will be only the third Arab country to sign a deal with Israel after Egypt in 1979 and Jordan in 1994.

Published 10 Sep, 2020 06:23pm

Currency

ECB to dangle stimulus on strong euro, virus woes

The euro last week touched $1.20 for the first time since 2018, from $1.06 in March.

Published 10 Sep, 2020 06:17pm

South Asia

EU parliament cuts Suu Kyi from rights prize honorees

Myanmar's Muslim has long been discriminated against and around 740,000 people fled to Bangladesh in August 2017 to escape a military offensive.

Published 10 Sep, 2020 06:13pm

Africa

Algeria parliament adopts constitutional reforms

The reforms will now be put to a referendum on November 1.

Published 10 Sep, 2020 06:08pm

Financial

Euro zone bond markets look to ECB for stimulus clues

ECB statement at 1145 GMT.
Focus on ECB comments on strong euro.
Bond yields nudge lower.

Published 10 Sep, 2020 06:06pm

World

Vaccine still possible this year, despite trial pause: AstraZeneca

AstraZeneca announced Wednesday it had "voluntarily paused" its trial of a drug.

Published 10 Sep, 2020 06:06pm

Forex

Sterling steady in calm before storm, Brexit talks in focus

Britain and the EU will hold emergency talks at 1200 GMT, in addition to ongoing negotiations this week.
Goldman Sachs expects "the perceived probability of a breakdown in negotiations to escalate over the coming weeks.

Published 10 Sep, 2020 06:03pm

Europe

Belarus opposition figure urges probe into 'abduction'

Lukashenko vowed that he would never stand down despite weeks of mass protests against his rule.

Published 10 Sep, 2020 06:03pm

Exchange

Credit Suisse launches Switzerland's first major digital banking rival

Credit Suisse's new CSX banking app will offer free online banking from next month.
"We want to grow with our clients," Swiss head Andre Helfenstein told journalists. "We thought we needed to do more for young people."

Published 10 Sep, 2020 06:01pm

South Asia

Huge fire at Beirut port weeks after deadly blast

The army reported it was responding to the fire, also saying it had broken out at a warehouse containing oil and tyres.

Published 10 Sep, 2020 06:01pm

Commodities

Palm slips on concerns over rising output, lower-than-expected exports

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 2 ringgit.
Crude palm oil output rose 3.07% to a two-month high of 1.86 million tonnes, MPOB said.

Published 10 Sep, 2020 06:00pm

Stocks

Indian shares close higher on Reliance boost

The blue-chip NSE Nifty 50 index closed 1.52% higher at 11,449.25, while the benchmark S&P BSE Sensex closed up 1.69% at 38,840.32.
Reliance, whose primary business is oil, also helped the Nifty Energy Index close 3.98% higher.

Published 10 Sep, 2020 05:58pm

World

Virus tracing app goes live in Scotland

Nicola Sturgeon urged Scots to adopt the tool, stressing it was ‘confidential’ and users would be notified ‘anonymously’.

Published 10 Sep, 2020 05:57pm

Sports

Asian Football Confederation cancels AFC Cup due to COVID-19 pandemic

The competition, in which teams from more minor nations in Asia participate, had been suspended since March due to the novel coronavirus crisis.
In view of the logistics in coordinating the five zones of the AFC Cup and completing the Inter Zone matches.

Published 10 Sep, 2020 05:56pm

Currency

Roshan Digital Account inauguration: Overseas Pakistanis are our biggest asset, says PM

The digital account system is a major initiative by State Bank of Pakistan together with commercial banks operating in Pakistan

Published 10 Sep, 2020 05:44pm

Europe

UK holds crisis talks with EU as Pelosi warns on Brexit bill

Maros Sefcovic is demanding "clarifications" over the new UK Internal Market Bill.

Published 10 Sep, 2020 05:55pm

Commodities

Copper withers on doubts about further gains, ECB meeting

LME lead stocks hit highest since June 2018.
Lead price sinks to one-month low.

Published 10 Sep, 2020 05:53pm

Africa

Mali junta launches 'consultation' amid pressure over handover

The Coordination of Azawad Movements also decided to boycott the talks.

Published 10 Sep, 2020 05:52pm

Europe

EU ponders legal action against Britain over plan to break Brexit deal

UK says its plans may be inconsistent with the law.
EU deeply concerned over Johnson's plans.
Irish PM questions: Does London want a trade deal?

Published 10 Sep, 2020 05:52pm

Companies

Singapore Airlines to cut 4,300 jobs due to pandemic, most in its history

Will lower staffing by around 20% from pre-pandemic levels.
Involves 2,300 cuts after hiring freeze, attrition, volunteers.
Expects to operate less than 50% of normal capacity by March 2021.

Published 10 Sep, 2020 05:49pm

Technology

China's Huawei to launch HarmonyOS, its rival to Google Android, on smartphones next year

Huawei unveils HarmonyOS 2.0 at developers conference.
OS will be available to other smartphone makers.
Company is trying to overcome curbs imposed by the US.

Published 10 Sep, 2020 05:47pm

South Asia

Pandemic likely to force India to borrow more, deficit monetisation is last resort

Borrowing plans for the second half of the financial year, ending on March 31, will be reviewed by government and RBI officials later this month.
There will definitely be higher borrowing in the current year but whether we will print money, that is not yet decided. We will have to have patience and see how things go.

Published 10 Sep, 2020 05:43pm

South Asia

India plans to restrict copper, aluminium imports with an eye on China

Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals,
The purpose of (the) system is to have adequate information ... so that an appropriate policy intervention could be devised.

Published 10 Sep, 2020 05:41pm

Commodities

Soybeans retreat from over 2-year high ahead of USDA report

Soybeans snap winning streak despite Chinese demand.
USDA reports spate of Chinese orders.
Wheat firms on concerns over Black Sea production.

Published 10 Sep, 2020 05:39pm

Cooperation, not confrontation should drive international politics in today’s environment: Qureshi

Foreign minister tells SCO members that any unilateral and illegal measures to change status of disputed territories must be opposed

Updated 10 Sep, 2020 05:41pm

Companies

AstraZeneca expects COVID vaccine result by year-end if trials resume

CEO confirms timeline, contingent on safety board ruling.
Says case of transverse myelitis has yet to be confirmed.
Says up to 60,000 set to take part in trial programme.
Trials not smaller than the norm for vaccines, CEO says.
Transverse myelitis cases rare, link to vaccines unclear.

Published 10 Sep, 2020 05:37pm

Europe

English tracing scheme shows weekly jump in number of COVID-19 cases

The number of cases across Britain has begun to rise sharply in recent days,
The Test and Trace scheme is seen as key to locating outbreaks quickly.

Published 10 Sep, 2020 05:35pm

Middle East

Large fire erupts in Beirut port area, a month after massive blast

The army said it was not immediately clear why the oil and tyres had erupted in flames and said it was sending helicopters to help bring the fire under control.
There were some people suffering from shortness of breath as a result.

Published 10 Sep, 2020 05:31pm

Companies

South African Airways needs state cash next week

It is prudent to advise affected persons of the company's dire financial position
"The existing funds which are available for operational expenditure ...are near depletion."

Published 10 Sep, 2020 05:29pm

Europe

Belarus protest leader says she was threatened with expulsion 'alive or in bits'

Activist says security men threatened to kill or harm her.
Lawyer files criminal complaint against KGB security police.
President Lukashenko says he won't give away power.

Published 10 Sep, 2020 05:22pm

Stocks

Stocks struggle after tech reboot, euro in ECB crosshairs

European stocks stumbled after Nasdaq jumped 2.7% overnight.
Currency markets await ECB.
ECB statement 1145 GMT and news conference at 1230 GMT.
Oil prices back under pressure amid demand fears.

Published 10 Sep, 2020 05:26pm

Exchange

Pompeo tells SE Asia to stand up to China, shun its firms

Don't let China 'walk over us', Pompeo tells SE Asian nations.
China says militarisation driven by US.
Australia supports Indo-Pacific 'free from coercion'.

Published 10 Sep, 2020 05:20pm

South Asia

Myanmar increases lockdown measures, airlines suspend services

Health authorities expanded a stay-at-home order to nearly half of the townships in greater Yangon.
That prompted authorities to close schools nationwide and re-impose some restrictions that had earlier been eased.

Updated 10 Sep, 2020 05:20pm

Sports

Australia still searching for best ODI formula: Finch

The two teams will lock horns in a three-match ODI series starting in Manchester on Friday.

Published 10 Sep, 2020 05:03pm

Pakistan

CCPO Lahore Omar Shaikh blames victim for Motorway rape

Shaikh says the woman should have taken the GT Road route which has population on both sides

Updated 10 Sep, 2020 05:04pm

Sports

More than 20,000 coronavirus tests planned during IPL

Most of the 200 players from the eight teams arrived last month and spent six days in isolation in their hotel rooms.

Updated 10 Sep, 2020 05:03pm

One killed as four-storey building collapses in Karachi's Korangi area

Eight people have been recovered while several people are still feared trapped under the rubble

Updated 10 Sep, 2020 04:57pm

WHO includes Pakistan among 6 countries 'the world can learn from'

The WHO director said that Pakistan has used the infrastructure it developed in its fight against polio to tackle the novel coronavirus.

Updated 10 Sep, 2020 04:16pm

Large fire erupts in Beirut port area, a month after massive blast

The fire erupted in the duty free zone of the port.

Published 10 Sep, 2020 03:54pm

Sports

Sarfaraz counters criticism over refusal to play third England T20I

The wicketkeeper made a long waited return the national side in the final game of the series.

Updated 10 Sep, 2020 03:08pm

Money & Banking

Tanveer Awan appointed CEO of Dhabi Group of Companies

Awan, former Managing Director with Alvarez &Marsal, brings over 15 years of experience focused on turnarounds and transformations.

Published 10 Sep, 2020 03:04pm

Exchange

Pakistan, UAE to exchange information to combat financial terrorism

The MoU was signed by H.E. Ghulam Dastgir, Ambassador of Pakistan to UAE, and Ali Faisal Ba'Alawi, Acting Head of the Financial Intelligence Unit of UAE.

Published 10 Sep, 2020 02:29pm

Sports

PCB likely to send 45-member squad for New Zealand series

The series is scheduled to be played in December and January.

Updated 10 Sep, 2020 02:31pm

Business & Finance

Zakat collections decline in the country amid economic slowdown

The decline comes in the backdrop of the economic downturn in the country, which has been initiated due to the coronavirus pandemic lead global economic slowdown.

Published 10 Sep, 2020 02:12pm

AstraZeneca says should know if vaccine works by year-end if trials resume

It suspended the late-stage trials after an illness in a study subject in Britain.

Published 10 Sep, 2020 02:13pm

Pakistan

12 people taken into custody in Lahore motorway rape case

Two men raped a woman at gunpoint when she ran out of fuel near Lahore’s Gujjarpura and was waiting along with her children for help on the motorway.

Updated 10 Sep, 2020 02:06pm

Sports

Chelsea's Lampard says Havertz will be given time to blossom

Blues signed the highly-rated player from Bayer Leverkusen on a five-year deal for a fee reported 71 million pounds.

Published 10 Sep, 2020 01:41pm

Sports

Liverpool don't need to spend like Chelsea, says Klopp

Premier League champions have signed only left-back Konstantinos Tsimikas from Olympiakos Piraeus.

Published 10 Sep, 2020 01:27pm

Life & Style

The Walking Dead will be laid to rest in 2022

But not to worry, there are several current and planned spin-offs to keep you going.

Published 10 Sep, 2020 01:22pm

Currency

SBP instructs banks to facilitate Roshan Digital Accounts holders

Using Roshan Digital Accounts, Non-Resident Pakistanis can now avail digital banking facilities, including access to online banking, domestic funds transfer, utility bills and tuition fee payment in Pakistan.

Published 10 Sep, 2020 12:33pm

Business & Finance

KE admits it experienced 'cyber incident', customers may experience disruption

All critical customer services including bill payment solutions and 118 call-centre are operational and fully functional.

Updated 10 Sep, 2020 12:15pm

Technology

Gaming sensation PUBG Mobile hits $3.5bn in lifetime revenue

The Tencent built game has seen its revenue rise thanks to COVID -19 pandemic lead lockdown.

Published 10 Sep, 2020 11:41am

Currency

PM Khan to inaugurate Roshan Digital Account for NRP

The PM Office Media Wing in a statement said it would be a major initiative by State Bank of Pakistan together with commercial banks operating in Pakistan.

Published 10 Sep, 2020 11:02am

Commodities

Oil prices fall as growing U.S. stockpiles signal bumpy demand recovery

U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.63%, to $37.81 a barrel at 0417 GMT, after climbing 3.5% on Wednesday.
Brent crude futures dropped 17 cents, or 0.42% to $40.62 a barrel, after rising 2.5% on Wednesday.

Published 10 Sep, 2020 10:37am

Soldier martyred, three civilians injured in unprovoked Indian firing across LoC

"Pakistan Army responded effectively. Reports of heavy losses on enemy in terms of men and material," ISPR said.

Published 10 Sep, 2020 10:18am

Business & Finance

Maserati rolls out new super sports car to drive turnaround ahead of FCA-PSA merger

The MC20 will launch with an internal combustion engine, with a full-electric version expected later.

Published 10 Sep, 2020 10:28am

Technology

Facebook, Google, Twitter urged by EU to do more against fake news

Fake news related to COVID-19 has accelerated calls for social media to be more proactive in combating the issue.

Published 10 Sep, 2020 10:24am

Exchange

Looming gas crisis

If the Prime Minister is alarmed, it sure is time to freak out! For most part of the last decade, the country has...

Published 10 Sep, 2020 07:52am

BR Research

Time to steel

Steel will soon become a hot commodity again. According to Bloomberg, domestic manufacturer Agha Steel is all set to...

Published 10 Sep, 2020 07:51am

BR Research

Dealing with transmission

The power woes are nothing new. Every other day you hear of all kinds of circular debt figures – from Rs1.8 to...

Published 10 Sep, 2020 07:51am

BR Research

A case for tobacco control

While Pakistan has a thriving cigarettes industry, it is not definitively clear how much spending on tobacco affects...

Published 10 Sep, 2020 07:51am

Currency

Awwal Modaraba

Awwal Modaraba (PSX: AWWAL) was incorporated in 2014, and is managed by the Awwal Modaraba Management Limited,...

Published 10 Sep, 2020 07:50am

Business & Finance

US stocks end up after three down days, Dow +1.6%, Nasdaq +2.7%

Tiffany filed a lawsuit against LVMH in a Delaware court, saying the French company has no basis to walk away from the merger.

Published 10 Sep, 2020 04:07am

Business & Finance

Australia shares set to open higher, NZ rises

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.6% in early trade.

Published 10 Sep, 2020 04:05am

World

Australia's Victoria state reports 51 new COVID-19 cases, 7 deaths

Victoria, home to one-quarter of Australia's 25 million population.

Published 10 Sep, 2020 04:03am

Coronavirus death toll passes 900,000 worldwide: AFP tally

A total of 900,052 Covid-19 deaths have been registered worldwide, from 27,711,866 declared cases of the virus.

Published 10 Sep, 2020 04:01am

Biden: Trump 'negligence' prompted US recession

Trump will tout his own robust economic message when he arrives in the state Thursday.

Published 10 Sep, 2020 03:59am

Trump revels in nomination for 2021 Nobel Peace Prize

Tybring-Gjedde said the Nobel committee should not be swayed by any controversy over Trump's divisive style.

Updated 10 Sep, 2020 03:59am

Business & Finance

General Electric to restructure European units

PARIS: US conglomerate General Electric said Wednesday it would restructure two European divisions that were the...

Updated 10 Sep, 2020 03:53am

Business & Finance

Zong CEO shows interest in investing in Pakistan

ISLAMABAD: Chief Executive Officer (CEO) Zong Wang Hua on Wednesday expressed keen interest to invest in Pakistan....

Updated 10 Sep, 2020 03:53am

Pakistan

Winder Dam's contract: SC refers matter to dispute resolution committee

ISLAMABAD: The Supreme Court Wednesday referred the matter to the dispute resolution committee regarding contract ...

Updated 10 Sep, 2020 03:49am

Pakistan

BS-19 to 21: PM approves 65 additional posts

ISLAMABAD: In order to boost the promotion prospects of Secretariat Group, Prime Minister Imran Khan on Wednesday...

Updated 10 Sep, 2020 03:48am

Pakistan

Pemra urged to bring 24NewsHD back on air

KARACHI: Media workers from Pakistan's 24NewsHD are facing the possibility of job-losses after the channel was...

Updated 10 Sep, 2020 03:48am

Pakistan

Opportunities in Gwadar: Senate chief urges businessmen to fully capitalise

ISLAMABAD: Sadiq Sanjrani, Senate Chairman said that Gwadar was emerging as a new port city of Pakistan and was...

Updated 10 Sep, 2020 03:48am

Exchange

Tareen's Faruki Pulp Mills: LHC restrains FIA from taking coercive measures

LAHORE: The Lahore High Court on Thursday restrained the Federal Investigation Agency (FIA) from taking coercive...

Updated 10 Sep, 2020 03:48am

Pakistan

'48pc petrol pumps' measurement scale tempered in Lahore'

LAHORE: The Punjab Industries Department and Anti-Corruption Establishment (ACE) in a joint operation inspected 669...

Updated 10 Sep, 2020 03:47am

Pakistan

MQM-P initiates legal claims to seven London properties

LONDON: The Muttahida Qaumi Movement Pakistan (MQM-P) has initiated legal claims regarding ownership of seven...

Updated 10 Sep, 2020 03:47am

Pakistan

ECP asks lawmakers to submit wealth details

ISLAMABAD: The Election Commission of Pakistan (ECP) Wednesday asked all the lawmakers including parliamentarians ...

Updated 10 Sep, 2020 03:47am

Europe

UK tightens virus rules, aims for 'Moonshot' mass testing

LONDON: The UK government on Wednesday tightened coronavirus restrictions due to a sharp rise in cases, banning...

Updated 10 Sep, 2020 03:42am

Life & Style

Oscars set minimum diversity rules for best picture prize

LOS ANGELES: Hollywood's motion picture academy unveiled strict new eligibility rules to boost diversity among best...

Updated 10 Sep, 2020 03:41am

13 govt properties auctioned

LAHORE: The Privatization Commission carried out the auction for 13 federal government-owned properties and secured...

Updated 10 Sep, 2020 03:39am

Roadside bomb attack misses Afghan vice president, but kills 10

KABUL: A roadside bomb in Kabul targeted first Afghan Vice President Amrullah Saleh on Wednesday morning but he...

Updated 10 Sep, 2020 03:38am

US cuts troops in Iraq on Trump pledge to stop 'endless wars'

WASHINGTON: The US announced a sharp cut Wednesday to troop numbers in Iraq, as President Donald Trump seeks to ...

Updated 10 Sep, 2020 03:36am

Country's vital interests must be safeguarded: COAS

ISLAMABAD: Chief of Army Staff General Qamar Javed Bajwa on Wednesday said that Pakistan's vital interests must be...

Updated 10 Sep, 2020 03:35am

Brexit in crisis: EU 'very concerned' by UK plan to break divorce treaty

LONDON: Britain plunged Brexit trade talks into crisis on Wednesday by explicitly acknowledging it could break...

Updated 10 Sep, 2020 03:35am

CanSino Phase 3 Covid-19 vaccine trial expected to begin this month

ISLAMABAD: Falling Covid-19 infection numbers in Pakistan will not affect a Phase 3 clinical trial for a potential...

Updated 10 Sep, 2020 03:35am

AstraZeneca pauses coronavirus vaccine trial

LONDON: AstraZeneca has suspended global trials of its experimental coronavirus vaccine after an unexplained illness...

Updated 10 Sep, 2020 03:35am

NAB launches formal inquiry into sugar subsidy

ISLAMABAD: The National Accountability Bureau (NAB) Wednesday launched formal inquiry in connection with sugar...

Updated 10 Sep, 2020 03:33am

EU to revise all regulations, criterion of GSP+ in 2023

ISLAMABAD: The European Union (EU) is to revise all regulations and criterion about Generalized Scheme of ...

Updated 10 Sep, 2020 03:33am

Nawaz urges IHC to 'forgo' surrender requirement

ISLAMABAD: Former prime minister Nawaz Sharif Wednesday moved a petition before the Islamabad High Court (IHC)...

Updated 10 Sep, 2020 03:33am

Gas shortages, difference between prices: PM's disquiet sets off alarm bells

ISLAMABAD: Prime Minister Imran Khan on Wednesday said that difference between domestic and imported gas prices had...

Updated 10 Sep, 2020 03:33am

Export-oriented sectors: ECC decides continuation of concessionary energy rates

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided continuation of concessionary rates...

Updated 10 Sep, 2020 03:33am

Data submitted by DISCOs significantly fudged: Nepra

LAHORE: Data submitted by the distribution companies (DISCOs) to the National Electric Power Regulatory Authority...

Updated 10 Sep, 2020 03:33am

Salaried class: FBR to introduce concept of pre-filled IT returns

ISLAMABAD: The Federal Board of Revenue (FBR) for the first time will introduce the concept of pre-filled income tax...

Updated 10 Sep, 2020 03:33am

Business & Finance

LVMH, Tiffany tie-up on the rocks

PARIS: Luxury giant LVMH called off its planned $16.2-billion acquisition of US jeweller Tiffany on Wednesday and ...