News Archives for Latest - 2020-09-15

Israel, UAE, Bahrain ink US-brokered "Abraham Accord" to normalize ties

The initiative will herald a dramatic shift in Middle East power dynamics

Updated 15 Sep, 2020 11:13pm

Stocks

The bulls get back into China

China economic data boosts markets, yuan at 16-month high.
Dollar in the doldrums, euro and EM FX on hot streaks.
Central bank meetings dominate week's agenda.
Oil up to $40 again, gold shines again.

Published 15 Sep, 2020 09:17pm

Commodities

Slowing investor demand looms over gold prices

Investors seeking safety in gold, which typically holds its value during troubled economic and political times.
They have added about 959 tonnes of gold worth $60 billion at current prices to their holdings in physically-backed Exchange Traded Funds (ETFs) so far this year.

Published 15 Sep, 2020 09:13pm

World

WTO finds US tariffs on China breach trading rules

A three-person panel ruled that Washington had not shown why the tariffs, imposed after an investigation into forced transfer of technology and intellectual property. It also found that the United States had not adequately explained the choice of products hit by the tariffs.

Updated 15 Sep, 2020 09:13pm

Commodities

Arabica coffee futures plunge to 1-month lows; cocoa rallies

Cocoa rallied amid political tensions in the Ivory Coast.
November robusta coffee was flat at $1,387 a tonne, having hit its lowest in a month.

Published 15 Sep, 2020 08:36pm

Stocks

Wall Street climbs as Fed meeting kicks off

Apple rises ahead of virtual product launch.
Tesla gains for fifth straight session.
Carnival Corp falls after warning of $3 bln quarterly loss.
Indexes up: Dow 0.45%, S&P 0.91%, Nasdaq 1.53%.

Published 15 Sep, 2020 08:33pm

World

Breaking longtime taboo, UAE and Bahrain to sign deals with Israel at White House

The deals make them the third and fourth Arab states to take such steps to normalize ties since Israel signed peace treaties with Egypt in 1979 and Jordan in 1994.
The back-to-back agreements, which have drawn bitter condemnation from the Palestinians,

Published 15 Sep, 2020 08:27pm

Business & Finance

US sees lukewarm industrial production in August: Fed

Durable and non-durable manufacturing saw slowing growth compared to July, with motor vehicles and parts declining 3.7 percent.

Published 15 Sep, 2020 08:29pm

USA

US will prevent Iran from getting Chinese, Russian arms: Pompeo

It also wants to extend the UN arms embargo on the country expiring on October 18.

Published 15 Sep, 2020 08:28pm

World

WTO faults US over Trump's China tariffs

The tariffs imposed in 2018 marked the beginning of the trade war between the world's two largest economies.

Published 15 Sep, 2020 08:27pm

Prices of petroleum products to remain unchanged for next 15 days

Finance Ministry states fuel prices will now be adjusted after every 15 days

Published 15 Sep, 2020 08:08pm

Commodities

Steel prices to keep rising on industrial rebound; margins soft

Many steel mills are resuming operations after being suspended due to COVID-19
In China underlying demand remains exceptionally strong, even though we're past peak growth.

Published 15 Sep, 2020 08:23pm

Europe

Denmark introduces new restrictions as virus cases surge

The new restrictions will remain in force until at least October 1.

Published 15 Sep, 2020 08:25pm

Africa

Virus may have infected nearly a fifth of S.Africans

Case numbers in South Africa have fallen from 10,000-15,000 a day in July to just under 2,000 in recent days.

Published 15 Sep, 2020 08:23pm

Companies

AstraZeneca resumes COVID-19 vaccine trials in South Africa, health dept says

The move, confirmed to Reuters by director of affordable medicines in the health department, Khadija Jamaloodien, comes after the British drugmaker.
Tests remain on hold in the United States pending an investigation and the Serum Institute of India.

Published 15 Sep, 2020 08:22pm

Forex

Pound rises as rebellion against Brexit treaty breach grows

There is some optimism that opposition is growing to this bill and that the rebellion could increase in size.
While the country's unemployment rate rose to 4.1% in the three months to July, from 3.9%.

Published 15 Sep, 2020 08:20pm

Forex

Brazil's real retreats from 6-week peak with eyes on central bank

Globally, sentiment was upbeat after strong China industrial output and retail sales data kept hopes of a steady economic recovery alive.
They expect Brazil to keep its fiscal framework broadly unchanged and see this as essential to keep economic momentum going.

Published 15 Sep, 2020 08:18pm

Commodities

Gold slips as dollar recovers; all eyes on Fed meeting

The dollar bounced off the lows and we're seeing some sell-off in gold, but this is temporary.
The dollar index rose 0.1%, making gold more expensive for buyers holding other currencies.

Published 15 Sep, 2020 08:15pm

Companies

GM exploring 'flying car' market using its Ultium electric battery

We believe strongly in our EV future and not just for vehicles," she said at an RBC conference.
GM spokesman Stuart Fowle declined to elaborate. "It's an area we're really excited about and looking at."

Published 15 Sep, 2020 08:14pm

Exchange

EU to allow coveted euro clearing to stay in London until June 2022

Clearing is a critical foundation for financial markets, ensuring that trillions of pounds in swap trades are safely completed.
Brexit has already prompted banks to shift hundreds of jobs to their EU hubs.

Updated 15 Sep, 2020 08:14pm

British Airways to begin direct flights from Lahore

Flight operation will start from October 14 while the airline also issued COVID-19 measures to keep the passengers safe

Published 15 Sep, 2020 07:35pm

Currency

Israel's Leumi signs deals with First Abu Dhabi Bank, Emirates NBD

Hapoalim, Israel's biggest bank, said it had signed a memorandum of understanding with Emirates NDB, Dubai's largest bank.
Leumi said its agreements with the UAE banks would help enable the countries to implement economic relations. In a symbolic act.

Published 15 Sep, 2020 07:43pm

Currency

US import prices beat expectations as inflation warms up

Import prices increase 0.9% in August.
Import prices fall 1.4% on year-on-year basis.
Core import prices rise 0.7%; up 0.9% year-on-year.

Published 15 Sep, 2020 07:40pm

Forex

C$ firms as domestic data adds to evidence of economic recovery

Canadian dollar rises 0.2% against the greenback.
Canadian factory shipments rise 7.0% in July.
Canadian home sales climb to a record high in August.
Canadian bond yields move higher across the curve.

Published 15 Sep, 2020 07:37pm

Stocks

Saudi outperforms Gulf bourses, Egypt extends losses

Saudi Chemical top gainer on the index.
All Saudi Arabian banks gain.
UAE's du rises on data centre stake sale.

Published 15 Sep, 2020 07:36pm

Middle East

UAE official says Israel accord should dispel doubts over F-35 sale

The agreement, known as the Abraham Accord, should dispel "any grain of doubt" on why the Gulf state should get stealth F-35 fighter jets from the United States.
The UAE seeks like any country that takes its military seriously, to modernize its military, always, so our request for the F35 and other systems pre-dates this agreement.

Published 15 Sep, 2020 07:32pm

Stocks

Tesla shares rally again, boosted by ‘Battery Day’ excitement

The company's shares were up as much as 4.4% at $437.89 in early trading on Tuesday, still $65 per share shy from its early September highs.
"That's given ammunition for the bulls again," Keith Temperton, sales trader at Forte Securities said.

Published 15 Sep, 2020 07:30pm

Pakistan

Petroleum group, Coal exports increase record 59.01pc

The exports of Petroleum Crude increased by 100 per cent, Petroleum Crude valuing US $ 1,883 thousand exported.

Published 15 Sep, 2020 07:29pm

Stocks

Israel's El Al Airlines to hold share offering on Wednesday

El Al, Israel's flag carrier, has been hit hard by the coronavirus outbreak and the government has for months offered to intervene to help it avoid bankruptcy.
After the offering, El Al -- controlled by Knafaim Holdings -- will receive a $250 million bank loan that will be 75% backed by the state.

Published 15 Sep, 2020 07:28pm

Pakistan

Spices import increase 60.22pc

On month-on-month basis, the spices imports also increased by 8.79 percent during July 2020.

Published 15 Sep, 2020 07:25pm

Technology

EU top court gives thumbs up to net neutrality rules

EU adopted landmark net neutrality rules in 2015.
Telecoms operators must treat all internet users equally.
But telcos want looser rules to boost revenues.

Published 15 Sep, 2020 07:26pm

Companies

Delta to avoid involuntary job cuts except for pilots, CEO says

Delta has now "effectively managed our staffing between now and the start of peak summer 2021 travel.

Published 15 Sep, 2020 07:25pm

Pakistan

LSM grows 5.05pc on YoY basis in July

On month-on-month basis, the industrial growth witnessed increase of 9.54 percent in July 2020.

Published 15 Sep, 2020 07:24pm

Money & Banking

Qatar cultivates first green bonds as QNB raises $600mn

Green bonds, fixed-income securities that raise capital for projects with environmental benefits such as renewable energy.
National Bank of Abu Dhabi, now First Abu Dhabi Bank , sold the first green bonds in the region in 2017 and last week.

Published 15 Sep, 2020 07:23pm

Stocks

TSX gains as factory sales rise for third straight month

Canadian factory sales rose 7.0% in July from June, helped by motor vehicle, petroleum and coal sales, Statistics Canada said on Tuesday.
The energy sector climbed 2.0% as US crude prices were up 0.8% a barrel, while Brent crude added 0.7%.

Published 15 Sep, 2020 07:21pm

World

Sally rumbles toward US Gulf Coast, historic flooding possible

The second strong storm in less than a month to threaten the region, Sally's winds decreased to 85 miles per hour (140 kph).
Nearly 11,000 homes are at risk of storm surge in the larger coastal cities in Alabama and Mississippi.

Published 15 Sep, 2020 07:18pm

World

Canada to unveil retaliatory tariffs on US goods: PM Trudeau

Deputy Prime Minister Chrystia Freeland will make the formal announcement.
Ottawa said last month it would impose sanctions on C$3.6 billion ($2.7 billion) worth of US aluminum and products containing aluminum.

Published 15 Sep, 2020 07:17pm

Sports

Pjanic delighted to play alongside Messi at Barcelona

The Bosnian was diagnosed with the novel coronavirus and had to quarantine before starting to train with Barcelona last week.
I can't imagine Messi in another shirt, I thought it would all end well.

Published 15 Sep, 2020 07:13pm

Africa

Sudan's Bashir trial adjourned to September 22

In December, Bashir was convicted of corruption and sentenced to two years in a correctional centre.

Published 15 Sep, 2020 07:13pm

Financial

Yield curve steeper as stocks rise, Fed meets

The benchmark 10-year yield was a basis point higher at 0.6789% in morning trading.
US stocks opened higher on Tuesday as upbeat data from China revived optimism around an economic rebound.

Updated 15 Sep, 2020 07:13pm

Europe

EU-Turkey ties at 'watershed' warns top diplomat

The head of European diplomacy pleaded for more dialogue with Ankara, even though he acknowledged that "the situation has worsened".

Published 15 Sep, 2020 07:00pm

Middle East

Iran warns US against 'strategic mistake' after Trump threat

Relations between Washington and Tehran have been tense ever since the Islamic revolution of 1979.

Published 15 Sep, 2020 06:45pm

Cotton

U.S. lawmakers quiz Disney CEO over Mulan's ties to Xinjiang region

Disney has been ordered to submit a detailed explanation and assurance that it did not use local forced labor in the film's production.

Published 15 Sep, 2020 06:16pm

Life & Style

Netflix argues for free speech in legal battle with Indian tycoons featured in Bad Boy Billionaires

Bad Boy Billionaires is a documentary series about four Indian tycoons facing fraud allegations, who have challenged the film's release.

Updated 15 Sep, 2020 06:26pm

Life & Style

Wonder Woman movie sequel delayed again

The film will debut in December and was the next big-budget Hollywood movie slated for theatres.

Updated 15 Sep, 2020 06:26pm

Middle East

Netanyahu will not talk to Palestinians: opposition chief

A former finance minister under Netanyahu, Lapid stood firm in opposition to Netanyahu following March elections.

Published 15 Sep, 2020 06:22pm

Sports

ECB plans to make 62 jobs redundant due to Covid-19

The board’s chief executive said the game had sustained losses of more than 100 million pounds ($128.92 million).

Updated 15 Sep, 2020 06:21pm

Middle East

Three Western targets in Iraq attacked in 24 hours: sources

Overnight, two Katyusha rockets targeted the US embassy, also in the Green Zone, the same security official said.

Published 15 Sep, 2020 06:19pm

Two KDA officials shot dead in Karachi firing incident

Police say incident occurred in Civic Centre's KDA Land department building where an officer identified as Hafeezul Hassan opened fire, killing Assistant Director Waseem Usmani and Additional Director Waseem Raza

Updated 15 Sep, 2020 06:19pm

Africa

West Africa leaders press Mali junta over transition

The 15-nation bloc gave the new military rulers until Tuesday to name a civilian president and prime minister.

Published 15 Sep, 2020 06:17pm

Stocks

Sri Lankan shares rise for sixth session as consumer, industrial stocks gain

The benchmark CSE All Share Index closed up 0.78% at 5,533.69.
Shares of Distilleries Company of Sri Lanka and conglomerate Richard Pieris & Company Plc rose 6.7% and 16.7%, respectively.

Published 15 Sep, 2020 06:14pm

Middle East

Saudi Arabia rebuked at UN over abuses, Khashoggi

The Saudi journalist was lured into the Saudi consulate in Istanbul in October 2018 to handle marriage paperwork.

Published 15 Sep, 2020 06:15pm

South Asia

India says it has doubled budget for roads and bridges on China border

Indian and Chinese troops locked in face-off at border.
Both sides have developed roads near undemarcated border.
Scale of deployment of troops more than in past – minister.

Published 15 Sep, 2020 06:12pm

Europe

Germany to take in 1,500 refugees from Greek islands

Greece was rushing to set up temporary shelter, while locals were preparing to stage an anti-migrant protest.

Published 15 Sep, 2020 06:02pm

Forex

Yuan extends gains to 16-month high as China data boosts risk appetite

China's yuan surges to 16-month high on economic data.
Australian dollar gains.
US dollar edges down.

Published 15 Sep, 2020 06:08pm

Sports

Al Sadd player positive for COVID-19 ahead of AFC Champions League clash

"The player who tested positive is under medical supervision in a quarantined environment as required by the safety measures and COVID-19 protocols put in place for the tournament."
Seven months after grinding to a halt due to the COVID-19 pandemic, action in the competition got underway again on Monday with three games.

Published 15 Sep, 2020 06:00pm

Europe

Navalny says 'amazing' to breathe unaided, eyes Russia return

The Kremlin said Tuesday that any improvement in Navalny's condition will make everyone glad’.

Published 15 Sep, 2020 05:57pm

World

Bipartisan US lawmakers to unveil $1.5trn COVID-19 aid bill

The Problem Solvers Caucus, which includes members of both parties in the House of Representatives.
This is just a framework to hopefully get the negotiators back to the table.

Published 15 Sep, 2020 05:58pm

Commodities

Gold gains as dollar softens ahead of Fed meeting

Spot gold rose 0.6% to $1,968.94 per ounce by 1157 GMT, having earlier climbed to $1,971.71, its highest since Sept. 2. US gold futures rose 0.7% to $1,977.10 per ounce.
The dollar weakness is playing its part but also some anticipation of continued support from the FOMC has helped the market.

Published 15 Sep, 2020 05:52pm

Europe

UK government hits back over virus test concerns

More than 3,000 new cases were recorded on three consecutive days over the weekend.

Published 15 Sep, 2020 05:52pm

Europe

Greek PM says EU must show 'tangible solidarity' on migrants, Turkey

A fire destroyed Greece's biggest refugee camp last week on the island of Lesbos, leaving around 12,000 people homeless.
It's time for Europe's support to pass from words into actions, to be expressed in tangible solidarity.

Published 15 Sep, 2020 05:45pm

Europe

Hundreds of Hasidic Jews held up at Ukraine border over coronavirus

Kiev has banned foreigners from entering the country until late September.

Published 15 Sep, 2020 05:50pm

Energy

Oil rises but bleaker demand outlook weighs

IEA trims 2020 demand forecast by 200,000 bpd.
OPEC expects 2020 demand to fall by 9.46mn bpd

Published 15 Sep, 2020 05:50pm

Energy

US natgas flat as cooler weather offsets lower output from Hurricane Sally

Sally is expected to hit near the Mississippi-Alabama border early Wednesday.
Front-month gas futures rose 0.5 cents, or 0.2%, to $2.315 per million British thermal units.

Published 15 Sep, 2020 05:43pm

Money & Banking

JPMorgan and BlackRock tap AI startup to automate opening custody accounts

The system, which uses AI to remember when an asset manager has already uploaded a specific document needed to open a custody account.
The custody side, historically, has been a very traditional industry operating steadily and reliably with faxes and spreadsheets.

Updated 15 Sep, 2020 05:43pm

Sports

Smith no certainty for series-decider against England: Langer

Top-order batsman missed the first two matches after being hit on the head by a ball in the nets last week

Updated 15 Sep, 2020 05:43pm

Ravi Riverfront Urban Development Project will provide affordable housing to poor people: PM

Imran says project is a great example of infrastructural reforms and will provide employment to 1.2 million people

Updated 15 Sep, 2020 04:59pm

Technology

TikTok competitor is finally here, Meet YouTube Shorts

Meet YouTube Shorts, which “is a new way to express yourself in 15 seconds or less,” said the company in its announcement.

Published 15 Sep, 2020 04:35pm

SCO meeting: Defeat for India as Ajit Doval's objections over Pakistan's new political map overruled

Doval had raised an objection against Pakistan on the display of the political map as background for the session by falsely claiming that the new political map showed ‘sovereign Indian territories’ as part of Pakistan

Updated 15 Sep, 2020 04:33pm

Exchange

ADB projects Pakistan’s GDP to rebound to 2pc in FY2021 as COVID impact subside

The ADB assumes that the COVID-19 impact will subside by the end of 2020—the end of the second quarter of FY2021, allowing global conditions to normalize and economic sentiment to improve.

Updated 15 Sep, 2020 04:07pm

Al-Azizia reference: IHC rejects Nawaz Sharif's exemption plea, issues arrest warrant

The IHC ordered the authorities to arrest the PML-N leader and produce him before the court

Published 15 Sep, 2020 03:39pm

Sports

La Liga talking points

The league got off to a delayed start when the opening game was put back at late notice

Updated 15 Sep, 2020 03:57pm

China coronavirus vaccine may be ready for public in November

China has four COVID-19 vaccines in the final stage of clinical trials and at least three of those have already been offered to essential workers under an emergency use programme

Published 15 Sep, 2020 03:24pm

Sports

PSG 'strongly supports' Neymar over racist abuse complaint

In a statement on Monday, UCL runners-up urged the French league's governing body to investigate the matter.

Updated 15 Sep, 2020 02:56pm

Suspect in Motorway rape case remanded in police custody

The police included Section 7 of the Anti-Terrorism Act (ATA) in the case and it will now be heard by an anti-terrorism court

Published 15 Sep, 2020 02:30pm

Sports

Messi tops wealth league ahead of Ronaldo

The 33-year-old earned $126 million - $92 million this year from his salary and $34 million in endorsements.

Updated 15 Sep, 2020 02:33pm

FO rejects, conveys concerns to US over 'unwarranted' references to Pakistan in US-India joint statement

FO said partner countries should refrain from 'endorsing positions that are one-sided.

Published 15 Sep, 2020 02:18pm

Technology

Ex-employee slams Facebook for failing to control global political manipulation

Former Facebook data scientist Sophie Zhang in an over 6,600 words memo pointed to activity across the world.

Published 15 Sep, 2020 02:13pm

Sports

Chelsea's Lampard confident Werner will be fit for Liverpool clash

German international picked up the issue when he was fouled by Brighton's Mat Ryan in a 3-1 league win.

Updated 15 Sep, 2020 02:00pm

Sports

Bangladesh tour of Sri Lanka in doubt over virus restrictions

The three Tests in October-November were meant to mark the two nations return to international cricket.

Published 15 Sep, 2020 01:29pm

Commodities

Major blow to oil refiners, Trump’s administration rejects requests for biofuel waiver

The decision to deny waivers comes because they had become a controversial issue between oil refiners and farmers in the US Farm Belt, an important political constituency for Trump as election nears.

Published 15 Sep, 2020 01:07pm

Business & Finance

Pakistan's V-shaped economic recovery gets confirmed as COVID weakens, says Umar

He said that Large Scale Manufacturing (LSM) figures for July show more than 9 percent growth over June and more than 5pc growth as compared to July 2019.

Published 15 Sep, 2020 11:54am

Pakistan

SOPs issued as marriage halls reopen in Pakistan today

Sindh, KP and Punjab have decided to reopen halls with SOPs.

Updated 15 Sep, 2020 11:55am

PAF aircraft crashes in Attock

No loss of life has been reported.

Updated 15 Sep, 2020 11:18am

Technology

Instagram may charge fees for adding links to posts

When a "URL" is added to the text of a post, the user will automatically be asked if they want to create the link directly.

Published 15 Sep, 2020 11:12am

Business & Finance

Pandemic's 'great reset' makes energy firms invest more in renewables: executives

Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter and prices hit their lowest in decades, making companies rethink how fast they should make the transition away from reliance on oil and gas.

Published 15 Sep, 2020 10:48am

Students back to school after six months

Schools for students of classes 9th and 10th, colleges and universities reopened today across the country.

Updated 15 Sep, 2020 10:33am

Technology

Uber fights to win back London licence in latest court battle

Transport for London (TfL) refused in 2019 to grant the Silicon Valley-based company a new licence due to what it called a “pattern of failures” on safety and security, including on driver identification.

Published 15 Sep, 2020 10:15am

Business & Finance

China's industrial engine gathers speed, consumers open wallets in boost to recovery

An annual decline in fixed-asset investment over January-August also moderated due to government stimulus efforts, but authorities remain wary about the outlook given heightened external risks, including from intensifying Sino-U.S. tensions.

Published 15 Sep, 2020 10:11am

Stocks

Asian stocks head higher on China data, markets eye Fed meeting

Chinese blue chips added 0.4%, buoyed by data showing China’s industrial output rose 5.6% in August from a year ago, expanding for a fifth straight month.

Published 15 Sep, 2020 10:07am

Business & Finance

'Developing Asia' to shrink for first time in nearly six decades: ADB

For 2021, the region is forecast to recover and grow 6.8%, still below pre-COVID-19 predictions, the ADB said in an update of its Asian Development Outlook report.

Published 15 Sep, 2020 10:03am

Exchange

A different playbook

Over the last two months, the PTI cabinet has been busy showcasing its performance over the last two years. In his...

Published 15 Sep, 2020 08:22am

BR Research

A stitch in time

A stitch in time saves nine, they say. Turns out preparing for a pandemic would have saved the world 500 times more....

Published 15 Sep, 2020 08:21am

BR Research

Remittances – where to now?

The growth streak for remittances continues. Though lower than remittances in the previous two months, remittances ...

Published 15 Sep, 2020 08:20am

BR Research

No end to oil woes

Oil is back to early June levels. In the process, the last week saw the biggest weekly drop since April’s historic...

Published 15 Sep, 2020 08:20am

BR Research

Shabbir Tiles and Ceramics Limited

Shabbir Tiles and Ceramics Limited (PSX: STCL) was established in 1978 as a public limited company under the ...

Published 15 Sep, 2020 08:19am

Business & Finance

EU urges China to grant Xinjiang access, warns on trade

BRUSSELS: The EU urged China on Monday to let independent observers into its troubled Xinjiang region and warned...

Updated 15 Sep, 2020 03:50am

Business & Finance

Gilead in $21bn deal for Immunomedics

NEW YORK: US pharmaceutical giant Gilead Sciences confirmed Sunday that it is buying American biotech firm...

Updated 15 Sep, 2020 03:50am

Money & Banking

SBP allows opening of selected bank branches on Saturdays

KARACHI: The State Bank of Pakistan (SBP) has allowed banks and Microfinance Banks (MFBs) to open selected branches...

Updated 15 Sep, 2020 03:49am

Business & Finance

SoftBank Group selling Arm to NVIDIA for up to $40bn

TOKYO: Japan's SoftBank Group said Monday it is selling British chip designer Arm to US firm NVIDIA for up to $40...

Updated 15 Sep, 2020 03:49am

Business & Finance

Pandemic recovery plans neglecting green economy: OECD

PARIS: The OECD on Monday faulted governments for neglecting the green economy in multi-trillion recovery plans...

Updated 15 Sep, 2020 03:48am

Business & Finance

UKEF increases finance limit for UK businesses

ISLAMABAD: The UK's credit financing agency, UK Export Finance (UKEF) has increased its financing limit for UK...

Updated 15 Sep, 2020 03:48am

Pakistan

One suspect arrested in gang-rape case: CM

LAHORE: In a major breakthrough in the motorway gang-rape investigation, Punjab Chief Minister Usman Buzdar ...

Updated 15 Sep, 2020 03:44am

Pakistan

Duty-free cars for disabled: ECC may approve amendment

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet is likely to approve amendment for...

Updated 15 Sep, 2020 03:44am

Pakistan

Missing persons: PM, cabinet take notice of increasing incidents in capital, IHC told

ISLAMABAD: Additional Attorney General (AAG) on Monday informed the Islamabad High Court (IHC) that the prime...

Updated 15 Sep, 2020 03:44am

Pakistan

Shahbaz accuses govt of mishandling gang-rape case

ISLAMABAD: The government came under fire in the National Assembly on Monday over the Motorway gang-rape incident...

Updated 15 Sep, 2020 03:44am

Pakistan

Single highest rise in last 28 days: 40 positive cases reported in Capital

ISLAMABAD: Another 40 cases of the Covid-19 have been reported in the federal Capital, the single highest increase ...

Updated 15 Sep, 2020 03:44am

Pakistan

Ceasefire violations: Indian diplomat summoned

ISLAMABAD: A senior Indian diplomat was summoned to the Ministry of Foreign Affairs Monday to register Pakistan's...

Updated 15 Sep, 2020 03:44am

Pakistan

China-Pakistan Economic Corridor: Jobs for locals through industrialization top priority: PM

ISLAMABAD: Prime Minister Imran Khan Monday said it was the government's top priority to provide jobs to the locals...

Updated 15 Sep, 2020 03:44am

Pakistan

Schools reopen today

KARACHI: Schools and other educational institutions in Sindh will reopen on Tuesday (today) with strict adherence of...

Updated 15 Sep, 2020 03:44am

World

UK facing one million job cuts in 2020 due to virus

LONDON: Coronavirus could potentially cost one million jobs in Britain this year, with most losses anticipated ...

Updated 15 Sep, 2020 03:41am

CCP raids Islamabad, Lahore offices of PSMA

ISLAMABAD: The anti-trust watchdog, the Competition Commission of Pakistan (CCP) on Monday raided the Islamabad and...

Updated 15 Sep, 2020 03:41am

Disposal of cases: CJP Gulzar identifies 'adjournments' as main reason behind delays

ISLAMABAD: Justice cannot be delivered and fundamental rights of the people cannot be protected, unless the judges...

Updated 15 Sep, 2020 03:41am

Article 65 of Constitution: Cabinet likely to approve proposed amendment

ISLAMABAD: The federal cabinet, which is scheduled to meet on Tuesday (today) with Prime Minister Imran Khan in the...

Updated 15 Sep, 2020 03:41am

Gang-rape case prompts PM to call for chemical castration

LAHORE: Prime Minister Imran Khan said Monday that the worst sex crimes should be punishable by chemical castration,...

Updated 15 Sep, 2020 03:41am

Exchange

SECP directs LLPs to submit info about real owners

ISLAMABAD: To identify real owners and shareholders of corporate entities, the Securities and Exchange Commission of...

Updated 15 Sep, 2020 03:41am

Exchange

Afghan govt presses truce demand

DOHA: The Afghan government on Monday pressed its calls for a truce with the Taliban, reiterating its desire for a...

Updated 15 Sep, 2020 03:38am

Currency

Sale of NPCs begins

ISLAMABAD: The Ministry of Finance has announced that the sale of conventional Naya Pakistan Certificates (NPCs) has...

Updated 15 Sep, 2020 03:37am

Khalilzad holds talks with civil, military leadership

ISLAMABAD: The United States Special Representative for Afghanistan Reconciliation, Zalmay Khalilzad, along with his...

Updated 15 Sep, 2020 03:37am

Exchange

Workers' remittances post 24pc growth in Aug

KARACHI: Inflows of workers' remittances remained strong and posted a significant growth of over 24 percent during...

Updated 15 Sep, 2020 03:37am

Scrapping KE rights could jeopardise sale of shares to SEP

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) is to hold a public hearing on the matter of...

Updated 15 Sep, 2020 03:37am

'Knee-jerk' modification to hurt investment plans: CEO

KARACHI: K-Electric's Chief Executive Officer (CEO) Syed Moonis Abdullah Alvi on Monday said any 'knee-jerk'...

Updated 15 Sep, 2020 03:35am

Bhutta new power secretary; Rasul made OSD

ISLAMABAD: The federal government on Monday removed Secretary Power Division, Omar Rasul. According to an ...

Updated 15 Sep, 2020 03:35am

Pakistan

The Weather

KARACHI: The weather report on Monday (September 14, 2020) and the forecast for Tuesday (September 15, 2020)....