News Archives for Latest - 2020-09-24

Cotton

Mnuchin says US Treasury cannot act on own to avert airline layoffs

Airlines have been pushing Congress for months to back a new $25 billion bailout and extend payroll assistance to prevent passenger airline layoffs for another six months.
"Unfortunately there is not," Mnuchin said. He added the funding from Congress approved in March "literally saved the entire industry."

Published 24 Sep, 2020 11:55pm

Commodities

Stronger dollar and new COVID-19 cases drag metals lower

Investors fretting about the impact of a sharp rise in cases in Europe kept the dollar near two-month highs.
Three-month copper on the London Metal Exchange was down 0.8% at $6,551 a tonne at 1650 GMT after touching its lowest since Aug. 18.

Published 24 Sep, 2020 11:53pm

Stocks

Tech stocks lift Wall Street as economic rebound slows

Weekly jobless claims unexpectedly rise to 870,000.
Nikola slides after Wedbush downgrade.
Accenture drops, BlackBerry rises on quarterly earnings.
Indexes up: Dow 0.39%, S&P 0.54%, Nasdaq 0.81%.

Published 24 Sep, 2020 11:52pm

Companies

Pfizer partner BioNTech sees no role for its vaccine in UK challenge trial

"BioNTech's vaccine candidate is not part of this study," a spokeswoman said.
AstraZeneca and Sanofi and Moderna , among the leading vaccine developers, have said their vaccine candidates were not involved in the programme.

Published 24 Sep, 2020 11:49pm

USA

Facebook's Oversight Board plans to launch just before US election

The board, created by Facebook in response to criticism of its handling of problematic content.
Oversight Board member Alan Rusbridger told Reuters in an interview the board was now aiming for an October launch.

Published 24 Sep, 2020 11:48pm

Commodities

Ghana raises 2020/21 cocoa farmgate price by 28pc

The increase for the 2020/21 season, which begins on Oct. 1, is in line with an expected rise in neighbouring Ivory Coast.
The price rises are largely due to implementation by the two governments of a price floor of $2,600 per tonne.

Published 24 Sep, 2020 11:42pm

Sports

Hong Kong Open cancelled due to COVID-19

The women's tournament was cancelled last year due to pro-democracy protests in Hong Kong which also affected soccer fixtures and a golf tournament.
The health and safety of players, spectators, guests, partners, tournament staff and volunteers,

Published 24 Sep, 2020 11:40pm

Europe

Spain tops 700,000 coronavirus cases, Madrid surge in spotlight

The number of confirmed cases has spiked since the end of a nationwide lockdown in late June, adding 200,000 in less than a month.
Tough weeks are coming in Madrid. We must act with resolve to bring the pandemic under control.

Published 24 Sep, 2020 11:39pm

USA

US CDC reports 201,411 coronavirus deaths

The CDC reported its tally of cases of the respiratory illness known as COVID-19.
The CDC figures do not necessarily reflect cases reported by individual states.

Published 24 Sep, 2020 11:37pm

Europe

UK hits highest daily COVID-19 cases at 6,634, partly due to more tests

Thursday's number was up from 6,178 on Wednesday, itself a jump from 4,926 the previous day.
"Now we estimate that it's under 10,000 people a day getting the disease. That's too high, but it's still much lower than in the peak."

Published 24 Sep, 2020 11:36pm

Sports

Nadal faces tough path to French final, Wawrinka takes on Murray in round one

The Spaniard will take on Bulgaria's Egor Gerasimov in the first round and faces a potential last-eight clash with US Open runner-up Alexander Zverev.
Nadal then faces a possible semi-final clash against last year's runner-up and U.S Open winner Dominic Thiem.

Published 24 Sep, 2020 11:33pm

Energy

ConocoPhillips sees global oil demand returning

The view stands in contrast to rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand.
Capital spending in 2021 will be "somewhat below" its original planned 2020 level of $6.6 billion, Macklon said.

Published 24 Sep, 2020 11:30pm

Companies

Amazon adds spherical speakers, car security products to devices lineup

The company said Tesla Inc vehicles will be the first that are compatible with its Ring Car Connect software.
Amazon also announced upgrades such as a deletion feature for all prior voice recordings.

Published 24 Sep, 2020 11:29pm

Europe

France opens probe into BNP Paribas over its role in Sudan

The probe comes after nine Sudanese plaintiffs, who said they have been victims of rights abuses by ousted Sudanese President Omar al-Bashir's former government of Sudan.
The plaintiffs allege the French bank was complicit in crimes against humanity because it provided financial services for the Sudanese government.

Published 24 Sep, 2020 11:26pm

Africa

Somalia meeting most targets on road to debt relief, says IMF

Authorities have remained steadfast in their commitment to economic reforms, meeting all structural benchmarks for the first review.
Somalia is reorganising the Central Bank, and making reforms in customs and tax collection, the Fund said.

Published 24 Sep, 2020 11:24pm

Companies

Airbus holds jet output stable in face of crisis warnings

"There are no signs of slowing; the contrary in fact," a senior industry source said of the A320neo output.
In a letter to staff last week, Airbus Chief Executive Guillaume Faury warned the crisis was deepening.

Published 24 Sep, 2020 11:22pm

USA

Sanders warns about US transfer of power, says Trump 'prepared to undermine democracy'

Sanders, a progressive US senator from Vermont, said in a speech in Washington that Trump, behind in the polls, is "attempting massive voter suppression" and "sowing the seeds of chaos.
This is an election between Donald Trump and democracy - and democracy must win.

Published 24 Sep, 2020 11:20pm

USA

Mary Trump, niece of Donald Trump, sues US president and family for fraud

The complaint accused Donald Trump, his sister Maryanne Trump Barry, and his brother Robert Trump, who died in August, of "rampant fraud and misconduct."
She accused the siblings of seizing control of the real estate empire built by their father Fred Trump Sr, who died in 1999, and exploiting it to enrich themselves.

Published 24 Sep, 2020 11:11pm

Europe

French COVID-19 hospitalisations reach two-month high

COVID-19 has gone beyond the 6,000 threshold on Wednesday.
France has reported soaring COVID-19 infections since the beginning of the month.

Published 24 Sep, 2020 11:09pm

USA

Fed's Williams says structural inequality stifles economic growth

Structural inequality stifles growth, but there is no single silver bullet that can solve the problems laid bare by the pandemic.
There is so much work that needs to be done to make sure that we are fostering an equitable recovery.

Published 24 Sep, 2020 11:09pm

World

If world handles climate like COVID-19, UN chief says: 'I fear the worst'

Guterres said the coronavirus was out of control as the global death toll approaches 1 million.
"The pandemic is a clear test of international cooperation - a test we have essentially failed," he told the 15-member body.

Published 24 Sep, 2020 10:56pm

Pakistan

Sindh govt gives additional charge of MD KWSB to Asadullah Khan

Khan is assigned to hold the post till further orders.

Published 24 Sep, 2020 08:39pm

Pakistan

Sindh reports six COVID-19 death in 24 hours

The chief minister said a total of 1290777 tests had been conducted in the province so far, of which the virus had been confirmed in 135246 persons.

Published 24 Sep, 2020 08:42pm

Pakistan

So-called APC movement to fizzle out in next 4 months: Sh Rashid

He said it was ironical that some employees getting salary of hardly Rs. 16,000 has hefty amounts of billions of rupees in their accounts.

Published 24 Sep, 2020 08:39pm

Pakistan

Govt committed to reduce poverty from 24.3pc to 19pc by 2023: PM

Imran Khan said apart from the direct attack on poverty, they needed to address its systemic causes.

Published 24 Sep, 2020 08:36pm

Pakistan

Federal Govt wants early ROW for laying 17-km pipeline to meet gas shortage in Karachi: Omar Ayub

He said gas consumption had significantly increased in the country, while the existing gas reservoirs were depleting at a ratio of 7.5 percent annually.

Published 24 Sep, 2020 08:34pm

Pakistan

CM takes notice of dysfunctional street lights

Usman Buzdar said that a line of action has been devised to solve the problems of the citizens.

Published 24 Sep, 2020 08:33pm

World

IMF says global economic outlook better than June prediction

But the spokesman said "the outlook remains very challenging," with emerging markets other than China facing a "precarious" situation due to the coronavirus.

Published 24 Sep, 2020 08:31pm

Pakistan

PPP to contest GB poll on basis of 2018 manifesto: Bilawal

He said first time PPP founder Zulfiqar Ali Bhutto had introduced reforms in Gilgit-Baltistan in 1974 and abolished FCR and Rajshahi from the region.

Published 24 Sep, 2020 08:30pm

Pakistan

Sanjrani meets Pervaiz Elahi, Shujaat

Sanjrani also lauded the services of Chaudhry Shujaat Hussain for the coalition government and smooth relationship with other political parties.

Updated 24 Sep, 2020 08:30pm

Sports

All great things Dean Jones secretly did and we never knew

Former batsman passed away due to cardiac arrest in Mumbai.

Updated 24 Sep, 2020 08:24pm

Business & Finance

Business Confidence on the rise, according to State Bank

Overall Business Confidence improves, as indicated by the Business Confidence Survey by the Institute of Business Administration and State Bank of Pakistan.

Published 24 Sep, 2020 08:04pm

World

Prime Minister Imran Khan on Poverty, Financial Accountability, and Transparency at high-level UNGA panels

Prime Minister Imran Khan stated that “Each year billions of dollars illicitly flow out of developing countries. My government came with a robust public mandate to get rid of this menace from our country”, arguing that a multilateral framework of international cooperation would be required to “bring the perpetrators of financial crimes to justice”.

Published 24 Sep, 2020 07:48pm

Pakistan

Bullion prices on Thursday

Bullion prices from Hyderabad, Multan and Lahore were not received on Thursday.

Published 24 Sep, 2020 07:47pm

Pakistan

More opportunities being created for doctors: Dr Yasmin

She said this while chairing the 29th meeting of the Board of Directors of the Punjab Health Foundation at the Specialized Healthcare and Medical Education Department here on Thursday.

Published 24 Sep, 2020 07:43pm

Pakistan

PM for decisive actions to check financial crimes, return of stolen assets of developing countries

The prime minister appreciated the initiative by Nigeria and Norway to establish the Panel on International Financial Accountability.

Published 24 Sep, 2020 07:38pm

Pakistan

Pakistan successfully prevented spread of COVID-19 through smart lockdown policy: Alvi

The president also stressed upon focusing of preventive care than curative arrangements costing much expenditures.

Updated 24 Sep, 2020 07:38pm

Pakistan

Asad for visa, trade facilitation to boost Pak-Afghan trade ties

Asad said commitment and understanding between both the nations had foiled foreign attempts to create misunderstandings between both the countries.

Published 24 Sep, 2020 07:00pm

Pakistan

CM reviews progress on ADP projects

Usman Buzdar said that the land had been allocated for establishment of south Punjab secretariat with an amount of Rs. 4 billion.

Published 24 Sep, 2020 06:45pm

Pakistan

President for effective measures to make educational institutions safe, secure from drug abuse

The meeting was briefed by the Ministry of Narcotics Control about the prevalence of drugs in the country and its adverse impact on the young generation.

Published 24 Sep, 2020 06:43pm

Pakistan

Gold prices decrease by Rs1500

The gold prices in the in international market decreased by $35 and was traded at $1857 against $1892, the association reported.

Published 24 Sep, 2020 06:42pm

Currency

Govt to follow macroeconomic fundamentals for inclusive growth: Hafeez

He also emphasized on active role of the coordination board for designing policies to address economic challenges like inflation, stagnant exports, resource mobilization etc.

Published 24 Sep, 2020 06:39pm

Pakistan

SBP eases cash margin restriction on Imports

The removal of the cash margin requirements on these items will support businesses’ cash flows and liquidity, by freeing up funds previously held with the banks under cash margin against imports.

Published 24 Sep, 2020 06:38pm

Sports

Ibrahimovic tests positive for COVID-19

The 38-year-old will now enter a period of quarantine at home.

Updated 24 Sep, 2020 06:39pm

Pakistan

NCOC lauds provinces for conducting record Covid tests

The meeting held on Thursday appreciated the provinces for achieving a single day record COVID detecting testing on Wednesday.

Published 24 Sep, 2020 06:36pm

USA

New US jobless claims rose slightly last week to 870,000

Claims filed in the week ended September 19 were 4,000 above the previous week's revised level, indicating that the world's largest economy is still struggling.

Published 24 Sep, 2020 06:34pm

Pakistan

Region's peace, a dream until Jammu & Kashmir dispute resolved: FM

He pointed out the disproportionate growth in hate speech and stigmatization of Muslim communities and individuals, including happening in Pakistan's neighbourhood.

Published 24 Sep, 2020 06:31pm

Pakistan

Shibli launches Pakistan Citizen Portal Helpline

The people, who could not travel from far off places and did not have access, could file their complaints at the portal, he added.

Published 24 Sep, 2020 06:30pm

Pakistan

Intensive campaign helps to eliminate locust: Imam

During the meeting, the federal minister also underlined the need for improving seed technology for better yield and added that uplift of agriculture is the top priority of his government.

Published 24 Sep, 2020 06:22pm

Pakistan

Saeed Ghani visits schools, colleges to monitor SOPs

He said that arrangements at St. Joseph's College were also not in accordance with SOPs.

Published 24 Sep, 2020 06:19pm

Pakistan

Pak forex figure $ 19.90307bn

During the week ending Sept.18, SBP reserves decreased by $119 million to $12,701.6 million, due to government external debt repayment.

Published 24 Sep, 2020 06:17pm

Bullion Rate

Bullion rates in Hyderabad gold market

Following were the bullion rates in Hyderabad gold market on Thursday.

Published 24 Sep, 2020 06:15pm

Pakistan

Opposition parties launch 5th generation war against national institutions: Fayyaz Chohan

He said, the leaders of PML-N including Shahbaz Sharif and Chaudhary Nisar had 24 meetings with leadership of Pak-Army in 2008.

Updated 24 Sep, 2020 06:15pm

Shaikh Rasheed reveals JUI-F chief Fazlur Rehman held one-on-one meetings with COAS Bajwa

Minister says both the PML-N and PPP are making efforts to strike a deal with the government to get relief in their corruption cases

Updated 24 Sep, 2020 06:10pm

Technology

LED TVs for an immersive visual experience: Haier Real Android LED with Google Certification

K6600 Series comes with Google certifications that gives you real experience of Haier Android LED.

Updated 24 Sep, 2020 06:06pm

Pakistan

799 new coronavirus cases reported; five deaths in past 24 hours

Five corona patients, who were under treatment in hospital died on Wednesday, according to the latest update issued by the National command and Operation Center (NCOC).

Published 24 Sep, 2020 05:30pm

Pakistan

NCSW to hold gender sensitive training programm in future: Shahzad Akbar

He expressed that through the use of latest technology the process of prosecution and investigation in rape cases would made it fair and speedy.

Published 24 Sep, 2020 05:28pm

Pakistan

COVID-19 claims two more lives in Punjab

The Punjab health department has conducted 1,184,492 tests for COVID-19 so far while 95,173 confirmed cases recovered.

Published 24 Sep, 2020 05:20pm

Exchange

Rupee recovers 26 paisas against dollar

The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 87 paisas and closed at Rs. 193.51 against the last day’s trading of Rs. 194.38.

Published 24 Sep, 2020 05:18pm

Europe

Less than 10,000 getting COVID-19 each day: UK health minister

Hancock also said the proportion of people getting a so-called false positive test result is below 1pc.

Published 24 Sep, 2020 04:47pm

Commodities

CBOT wheat may test support at $5.39

The drop from the Monday high of $5.78-1/4 has adopted a zigzag mode, which consists of three waves.

Published 24 Sep, 2020 04:46pm

Forex

Turkish lira hits record low ahead of central bank rates decision

At 0645 GMT, the lira was at 7.7025 against the dollar after touching an all-time low of 7.7170 earlier in the session. It closed at 7.7030 on Wednesday.

Published 24 Sep, 2020 04:44pm

Stocks

South Korean shares close at near 2-month low as economic recovery falters

The benchmark KOSPI closed down 60.54 points, or 2.59pc, at 2,272.70, its lowest since Aug. 3.

Published 24 Sep, 2020 04:42pm

Stocks

Australian shares end lower on prolonged economic recovery fears

The fears dragged global oil prices, with Beach Energy and Oil Search leading the declines among Australia's energy stocks. Top gas producer Woodside Petroleum fell 2pc.

Published 24 Sep, 2020 04:31pm

Companies

Saudi govt grants special permission to PIA, as aqama deadline nears

With an increase in the number of flights PIA will be able to transport 25,500 passengers from Pakistan before the 30th of this month which is the deadline for many ensuring their presence in the kingdom.

Published 24 Sep, 2020 04:38pm

Sports

Umar Gul announces retirement from all forms of cricket

Former Pakistan pacer is keen in pursuing coaching career.

Published 24 Sep, 2020 04:28pm

Combined efforts needed to face challenges of COVID-19, food insecurity: Qureshi

FM says Pakistan is ready to host the 19th SAARC summit in Islamabad

Published 24 Sep, 2020 04:23pm

Money & Banking

Turkish capacity usage rate rises to 74.6pc in Sept: central bank

The rate, which is a measure of how much of the economy's potential output is being used, has recovered strongly since hitting a decade low of 61.6pc in April.

Published 24 Sep, 2020 04:30pm

Commodities

Copper declines on robust US dollar, virus worries

China remained a net importer of aluminium for a second consecutive month, with August imports surging eightfold from a year earlier.

Published 24 Sep, 2020 04:26pm

Sports

Cricket world pays homage to Dean Jones

The former batsman suffered a stroke in Mumbai.

Updated 24 Sep, 2020 04:27pm

Commodities

NY coffee may rise into $1.1380-$1.15 range

Such a structure strongly signals a reversal of the downtrend, The bullish divergence on the hourly RSI confirms the reversal.

Published 24 Sep, 2020 04:24pm

Exchange

Mitsubishi UFJ Lease to buy Hitachi Capital in deal worth $2.8bn

Japanese business magazine Diamond reported the transaction earlier on Thursday.

Published 24 Sep, 2020 04:22pm

Industry

Ryanair to put UK staff on unpaid leave if furlough scheme dropped

We want to keep our pilots and cabin crew employed and paid and we are going to have to have huge government assistance for that, otherwise I'm afraid they're all going to go on unpaid leave for the winter,"

Published 24 Sep, 2020 04:21pm

Stocks

China stocks track Wall Street fall to post biggest drop in two weeks

At the close, the Shanghai Composite index was down 1.72pc at 3,223.18, while the blue-chip CSI300 index was down 1.92pc, both posting their biggest one-day percentage drop since Sept 9.

Published 24 Sep, 2020 04:18pm

Pakistan

LHC extends Shehbaz Sharif's bail till Sept 28

Shehbaz’s counsel told the court that the National Accountability Bureau still wants to arrest his client when it has filed money laundering case against him

Published 24 Sep, 2020 04:13pm

Financial

JGBs steady to softer as buyers wary after rally

The 10-year JGB yield stood flat at 0.005pc, just above its August yield trough of zero percent, with few investors seeing justifications to buy them at negative yields.

Published 24 Sep, 2020 04:16pm

Europe

Russia reports 6,595 new coronavirus cases, 149 deaths

The authorities said 149 more people had died, bringing the official death toll to 19,948.

Published 24 Sep, 2020 04:14pm

Europe

Russia to supply 17 more countries with COVID-19 drug Avifavir

Avifavir gained approval from the Russian health ministry in May and is based on favipiravir, which was developed in Japan and is widely used there as the basis for viral treatments.

Published 24 Sep, 2020 04:10pm

Business & Finance

Utility Stores raised rates of various household items

As per details, a notification has been issued to increase the prices of items at utility stores with immediate effect.

Published 24 Sep, 2020 04:07pm

Forex

Dollar at two-month highs as resurgent coronavirus threatens economy

Against a basket of six other currencies, the dollar edged up 0.1pc to a two-month high at 94.50.

Published 24 Sep, 2020 04:07pm

South Asia

Philippines confirms 2,180 new coronavirus infections, 36 deaths

The ministry said total confirmed cases had increased to 296,755, still the highest in Southeast Asia, while deaths had reached 5,127, nearly half of which were recorded in the past 30 days.

Published 24 Sep, 2020 04:05pm

Europe

Slovakia reports record daily COVID-19 tally for a second day

Since the start of the pandemic in March, Slovakia has recorded 7,629 cases, from which 3,978 patients had recovered and 41 deaths have been reported.

Published 24 Sep, 2020 04:03pm

Forex

Norway's crown falls vs euro, dollar as central bank signal long rate pause

Norges Bank joined its global peers in striking a dovish stance, saying a resurgence in COVID-19 infection rates might put the brakes on any economic upswing.

Published 24 Sep, 2020 04:00pm

Forex

Russian rouble falls to fresh six-month low vs dollar

At 0815 GMT, the rouble was 0.4pc weaker against the dollar at 77.38, a level last seen on April 22.

Published 24 Sep, 2020 03:58pm

Europe

Poland reports new record daily increase in coronavirus cases

In total Poland has reported 82,809 COVID-19 infections, including 2,369 deaths.

Published 24 Sep, 2020 03:57pm

Asia

Indonesia reports record daily rise in coronavirus cases, deaths pass 10,000

It was the second day in a row posting a record increase, while the data added 128 deaths, bringing the total to 10,105.

Published 24 Sep, 2020 03:55pm

Sports

Australia legend Dean Jones passes away in Mumbai

The former batsman was part of was part of the commentary panel for the ongoing edition of the Indian Premier League (IPL).

Updated 24 Sep, 2020 03:57pm

Forex

Kenya's shilling inches down against the dollar

At 0839 GMT, commercial banks quoted the shilling at 108.40/60 per dollar, compared with 108.30/50 at Wednesday's close.

Published 24 Sep, 2020 03:54pm

Industry

Volvo Cars readies first green bond to support electric car strategy

Sales of plug-in hybrid cars amounted to almost a quarter of its sales in Europe during the first half of 2020.

Published 24 Sep, 2020 03:52pm

Commodities

China's August net gold imports via Hong Kong fall 15pc m/m

Net gold imports via Hong Kong to China, the world's top consumer of the metal, stood at 1.184 tonnes in August, compared with 1.395 tonnes in July, the report showed.

Published 24 Sep, 2020 03:49pm

Middle East

Israel tightens COVID lockdown as infections climb

The new restrictions require all businesses and workplaces, except for those designated essential, to shut down for at least two weeks starting on Friday.

Published 24 Sep, 2020 03:46pm

World

South Asia remains one of the least economically integrated regions in the world: Report

Cross border energy trade should be given priority.
South Asian countries need to reap benefits of the shared land borders.
An increased cooperation can only fulfil South Asia’s energy needs.

Published 24 Sep, 2020 03:29pm

Stocks

Hong Kong shares end near 4-month low as global recovery hopes falter

At the close of trade, the Hang Seng index was down 431.44 points, or 1.82pc, at 23,311.07, its lowest since May 29.

Published 24 Sep, 2020 03:44pm

Energy

UK GAS-Prices fall on oversupply

The day-ahead contract fell by 0.60 pence to 31.90 pence per therm by 0846 GMT.

Published 24 Sep, 2020 03:42pm

Currency

Norway central bank holds rates at zero, hike still two years away

Norway's currency, the crown, weakened to a four-and-half- month low of 11.16 against the euro at 0819 GMT from 11.08 just before the 0800 GMT announcement.

Published 24 Sep, 2020 03:38pm

Stocks

Asian stocks slump as recovery fears grow

Despite a dour outlook for global economy, analysts sounded slightly upbeat on Asian emerging currencies' performance in the near-term.

Published 24 Sep, 2020 03:35pm

Business & Finance

Shahid Guccha elected central chairman of PYMA

As per the PYMA announcement, for Sindh and Balochistan region Muhammad Farhan Ashrafi was elected as vice-chairman, whereas, Kamran Ali Magon, was elected as vice-chairman for Punjab and KPK region.

Published 24 Sep, 2020 03:33pm

Stocks

London stocks fall as new pandemic curbs threaten rebound; Cineworld slumps

The FTSE 100 index fell 0.6pc, with travel and leisure stocks being the biggest drags on the index due to fresh measures on movement and social gathering.

Published 24 Sep, 2020 03:31pm

Industry

Tesla seeks to build battery cells in Berlin

Tesla said on Thursday it would have to start a new approval process for battery production.

Published 24 Sep, 2020 03:29pm

Forex

Ugandan shilling weakens slightly on uptick in interbank demand

At 0908GMT commercial banks quoted the shilling at 3,700/3,710, compared to Wednesday's close of 3,685/3,695.

Published 24 Sep, 2020 03:28pm

Energy

Oil falls as frail demand outlook outweighs US stock drawdown

Brent crude futures fell 21 cents, or 0.5pc, to $41.56 a barrel by 0922 GMT, while US West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7pc, to $39.67 a barrel.

Published 24 Sep, 2020 03:26pm

Europe

Austria issues travel warnings for Prague, Paris region over COVID-19

Warnings are also being issued for Andorra, Argentina, Bahrain, Costa Rica, Israel, Kuwait and the Maldives, while a travel warning for Portugal was being reduced to Lisbon and the Norte region.

Published 24 Sep, 2020 03:24pm

Asia

Malaysian PM banks on victory in Borneo poll after Anwar challenge

While Anwar's own party is a relatively minor player in the Sabah election, a regional party friendly to his Pakatan Harapan bloc will be the obstacle to Muhyiddin's allies.

Published 24 Sep, 2020 03:19pm

Money & Banking

Hungary central bank hikes one-week deposit rate by 15 bps in surprise move

The move immediately lifted the forint from five-month-lows around 365 versus the euro to around 363.5 per euro.

Published 24 Sep, 2020 03:18pm

Industry

Pfizer partner BioNTech sees no role for its vaccine in UK challenge trial

Britain is planning to host so-called "challenge trials", the Financial Times cited people involved in the project as saying.

Published 24 Sep, 2020 03:15pm

Forex

Sterling edges higher ahead of Sunak's speech

Sunak, who announced on Wednesday that he would not now set out a full budget later this year, was expected to unveil a lifeline to some furloughed workers in a speech around 1045 GMT.

Published 24 Sep, 2020 03:13pm

Commodities

Japan Q4 aluminium premium rises to $88/T as demand recovers from COVID-19

The latest quarterly pricing negotiations began late last month between Japanese buyers and global suppliers including Rio Tinto, and South32.

Published 24 Sep, 2020 03:11pm

Companies

Ride-hailing app, Careem tells its employees to work from home indefinitely

The UAE based car hiring company has told its staff to work from home indefinitely in a new 'remote-first' plan.

Published 24 Sep, 2020 03:09pm

World

Worldwide coronavirus cases cross 31.88 million, death toll at 975,065

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 24 Sep, 2020 03:05pm

Sports

Chelsea complete singing of Mendy from Rennes

The goalkeeper penned a five-year deal for a reported fee of $29 million.

Updated 24 Sep, 2020 03:10pm

Business & Finance

CNG stations closure extended as gas crisis persists

The shutdown of CNG in Sindh including Karachi has been extended for another 24 hours after which the CNG stations which were supposed to open today will now be open tomorrow at 8 am.

Published 24 Sep, 2020 02:47pm

Sports

PCB withdraws Faisal Iqbal from National T20 Cup

Balochistan First XI head coach awaits clean chit from PIA.

Updated 24 Sep, 2020 02:22pm

Life & Style

K-pop band BTS delivers 'message of hope' at 75th U.N. General Assembly

“Let us reimagine our world.”

Published 24 Sep, 2020 01:57pm

Sports

Havertz hits treble as Chelsea rout Barnsley

The Blues secure a comfortable 6-0 win at the Stamford Bridge in the third round of the League Cup.

Published 24 Sep, 2020 01:55pm

Life & Style

Post Malone leads Billboard Awards with 16 nominations

Malone’s nominations include top artist, top male artist, top rap artist and top streaming songs artist.

Published 24 Sep, 2020 01:49pm

Sports

Difficult for Ozil to break into evolving Arsenal side: Arteta

German playmaker hasn’t made any appearance for Arsenal in the ongoing campaign.

Published 24 Sep, 2020 01:46pm

World

Khalilzad admits Taliban has yet to cut ties with Al Qaeda

Ambassador Zalmay Khalilzad indicated that the Taliban has yet to fully cut ties with Al-Qaeda, stating that they have “taken some positive steps, but they have some distance still to go”.

Published 24 Sep, 2020 01:35pm

Sports

Risks loom as Budapest prepares to welcome 20,000 fans for European Super Cup

Bayern and Sevilla meet at Puskas Arena in a game that UEFA considers a safety test of games with spectators.

Published 24 Sep, 2020 01:38pm

Technology

Thailand takes first legal action against Facebook, Twitter over content

The digital ministry filed legal complaints with cybercrime police after the two social media companies missed 15-day deadlines to comply fully with court-issued takedown orders from Aug. 27, the digital minister, Puttipong Punnakanta, said.

Updated 24 Sep, 2020 01:45pm

Sports

Luis Suarez joins Atletico Madrid from Barcelona

Simeone's side will pay the Catalans six million euros in bonus payments to sign the Uruguayan.

Published 24 Sep, 2020 01:35pm

FATF Gray List: President ratifies Anti-Money Laundering Amendment Act 2020

With the ratification, Pakistan has fulfilled one of the major requirements of the Financial Action Task Force (FATF), as Anti-Money Laundering Amendment Bill has become a formal law.

Published 24 Sep, 2020 12:57pm

World

Kashmiris would prefer a Chinese rule than live under Indian oppression, says Farooq Abdullah

He said Kashmiris have no love for Prime Minister Narendra Modi.

Published 24 Sep, 2020 12:47pm

Life & Style

Iconic French singer Juliette Greco dies aged 93

She was still making French songs shine at the age of 89 when her career was ended by a stroke.

Updated 24 Sep, 2020 12:34pm

Life & Style

Zayn Malik and Gigi Hadid's baby is finally here

One of the most eagerly awaited celebrity babies of the year arrived last weekend.

Published 24 Sep, 2020 12:34pm

Pakistan reports highest single day rise in COVID-19 cases since August

Country reported 799 new infections.

Published 24 Sep, 2020 11:55am

Business & Finance

Karachi’s power outage situation to improve from next year, says KE

The LNG power plant would come next year and this situation would not remain the same next year.

Published 24 Sep, 2020 11:39am

Business & Finance

Development of Pakistan’s maritime sector, essential for CPEC, says Naval chief

The Naval Chief said that the theme of World Maritime Day is "Stable Shipping for a Stable Planet", the international economy is largely dependent on shipping related activities, saying that nature has blessed Pakistan with more than one thousand kilometers of coastline.

Published 24 Sep, 2020 11:28am

Foreign delegates to visit LoC today

A delegation of foreign diplomats and defense attaches of 24 countries will visit the LoC today.
Director-General Inter-Services Public Relations (DGISPR) Major General Iftikhar Babar will brief them on the current situation along the LoC.

Published 24 Sep, 2020 10:51am

Business & Finance

IMF official warns coronavirus will weigh on some economies for years

The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start of the health crisis, an IMF spokeswoman said.

Published 24 Sep, 2020 10:57am

Technology

ByteDance applies for tech export licence in China amid TikTok deal talks

The Beijing-based firm submitted the application to Beijing’s municipal commerce bureau and is awaiting a decision, it said in a statement

Published 24 Sep, 2020 10:55am

Technology

Golootlo and 1LINK enters into strategic partnership

The partnership will allow all new and existing PayPak customers of participating banks/issuers to avail year-round exclusive Golootlo deals and discounts at over 15,500 merchants in 130 cities nationwide.

Published 24 Sep, 2020 10:44am

Business & Finance

PM Khan to address UN on financial gaps

The 15-member panel was launched in March by the Presidents of UN General Assembly and UN Economic and Social Council.

Published 24 Sep, 2020 10:38am

Business & Finance

Gilead to pay $97 million to settle U.S. kickback probe

The U.S. Department of Justice said on Wednesday the settlement resolves allegations that Gilead improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations.

Published 24 Sep, 2020 10:11am

Cotton

Cotton prices: betting against second wave?

It was March 2011. In less than nine months, global cotton prices had shot through a never-before, historic $5 per...

Published 24 Sep, 2020 08:33am

BR Research

Tax directory: Association of Persons

The manner in which the Federal Board of Revenue reveals tax directories reminds one of that old joke about balance...

Published 24 Sep, 2020 08:35am

Exchange

FDI needs a jolt

Getting a theme or trend in foreign direct investment these days is difficult; the last few months have been chaotic...

Published 24 Sep, 2020 08:34am

Exchange

NetSol: wither profits

FY20 was not impressive for the leading Lahore-based software house. As per its latest financials sent to the bourse...

Published 24 Sep, 2020 08:32am

Currency

Nimir Resins Limited

Nimir Resins Limited (PSX: NRSL) was established as a private limited company in 1964 under the Companies Act, 1913...

Published 24 Sep, 2020 08:32am

USA

Trudeau promises 1 million jobs as virus, election risk loom

The country's jobless rate peaked at 13.9 percent in May, while the economy contracted at a record 38.7 percent in the second quarter.

Published 24 Sep, 2020 04:08am

Pakistan

Govt plans to ban smoke emitting vehicles: minister

LAHORE: Punjab Environment Protection Minister Muhammad Rizwan has said that the government is planning to ban smoke...

Published 24 Sep, 2020 02:47am

Pakistan

Imran wants to see me behind bars: Shehbaz

LAHORE: Pakistan Muslim League-Nawaz (PML-N) president and Opposition leader in National Assembly Shehbaz Sharif ...

Published 24 Sep, 2020 02:47am

Pakistan

City Court area: Scheme prepared to resolve sewerage issues: Shallwani

KARACHI: Administrator Karachi Iftikhar Ali Shallwani has said that a scheme has been prepared with Karachi Water ...

Published 24 Sep, 2020 02:47am

Pakistan

Recent visits of COAS, CJP raise Karachiites’ hope: Kamal

KARACHI: Pak Sarzameen Party (PSP) Chairman Syed Mustafa Kamal on Wednesday said that the recent visits of Chief of...

Published 24 Sep, 2020 02:47am

Pakistan

PRGMEA elects Adeeb Iqbal as North Zone chairman

KARACHI: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has elected Adeeb Iqbal...

Published 24 Sep, 2020 02:47am

Pakistan

Groundbreaking ceremony of Bahria University Dental College and Hospital

KARACHI: Groundbreaking ceremony of Bahria University Dental College and Hospital was held here. The Chief of the...

Published 24 Sep, 2020 02:47am

Listed LPG marketing co involved in money laundering: DI&I-IR

KARACHI: Directorate of Intelligence and Investigation Inland Revenue, Karachi on Wednesday claimed to have ...

Published 24 Sep, 2020 02:47am

Currency

China investors bet on volatility as US presidential election heats up

Investors in China are betting on a bumpy ride until the end of the US presidential election and seeking to protect...

Published 24 Sep, 2020 02:47am

Currency

A little help from our friends: banks team up as FX trading gets tougher

Faced with the costs of competing in a world of electronic and algorithmic trading, many banks are outsourcing parts...

Published 24 Sep, 2020 02:47am

PM approves appointment of Secy Finance as ED WB

ISLAMABAD: Prime Minister Imran Khan said to have given approval for the appointment of Secretary Finance Naveed...

Published 24 Sep, 2020 02:47am

Two soldiers martyred along LoC: ISPR

RAWALPINDI: Two soldiers of Pakistan Army have embraced martyrdom as Indian forces resorted to unprovoked firing in...

Published 24 Sep, 2020 02:47am

PSM employees’ salaries: ECC approves Rs3.85bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved Rs3.850 billion for Pakistan Steel...

Published 24 Sep, 2020 02:47am

World

World’s workers lost $3.5trn in wages amid pandemic: UN

GENEVA: The coronavirus pandemic is taking a aver toll on jobs than previously feared, the UN said Wednesday, with...

Published 24 Sep, 2020 02:47am

Cotton

Textile sector: Removal of duties on 169 HS Codes approved by ECC

ISLAMABAD: The Economic Coordination Committee of the Cabinet Wednesday approved removal of Additional Customs ...

Published 24 Sep, 2020 02:47am

ECB plots Amazon-style market to prevent Wall Street Covid debt swoop

FRANKFURT/NEW YORK: Europe is working on an Amazon-style website to sell hundreds of billions of euros of bank loans...

Published 24 Sep, 2020 02:47am

CPPA-G seeks Re0.99 hike in Discos’ tariffs for August

ISLAMABAD: Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of Re 0.99 per unit in tariffs...

Published 24 Sep, 2020 02:47am

Political issues should not be discussed at GHQ: Maryam

ISLAMABAD: Maryam Nawaz, the daughter of former premier Nawaz Sharif and the Pakistan Muslim League-Nawaz (PML-N)...

Published 24 Sep, 2020 02:47am

Pakistan

LG system has deteriorated because of political interference: SC

ISLAMABAD: The Supreme Court on Wednesday noted that the local government system has deteriorated because of the...

Published 24 Sep, 2020 02:47am

Letters

‘The die is cast’

This is apropos a Business Recorder op-ed “The die is cast” carried by the newspaper yesterday. The writer,...

Published 24 Sep, 2020 02:47am

Sports

ICC Men’s Cricket World Cup Super League campaign: Zimbabwe confirms tour of Pakistan in October

LAHORE: Pakistan will launch its ICC Men’s Cricket World Cup Super League campaign by hosting Zimbabwe for a...

Published 24 Sep, 2020 02:47am

Pakistan

PM directs PMDU to connect federal complaint systems with Citizen Portal

ISLAMABAD: Prime Minister Imran Khan on Wednesday directed his Delivery Unit (PMDU) to linkup all complaint systems...

Published 24 Sep, 2020 02:47am

Pakistan

Rehbar Committee recommends JUI-F chief to lead PDM

ISLAMABAD: The opposition parties Rehbar Committee Wednesday recommended Jamiat Ulema-e-Islam (JUI-F) Chief Maulana...

Published 24 Sep, 2020 02:47am

Pakistan

Army joins national polio, tree plantation campaign

RAWALPINDI: Pakistan Army joins National Polio and Tree Plantation Campaign, the Inter Services Public Relations ...

Published 24 Sep, 2020 02:47am

Pakistan

Three supplementary references: Zardari’s pleas seeking quashing rejected

ISLAMABAD: The Accountability Court on Wednesday rejected former president Asif Ali Zardari’s petitions seeking...

Published 24 Sep, 2020 02:47am

Pakistan

Opposition parties want to sabotage upcoming Senate polls: Rashid

ISLAMABAD: Minister for Railways Sheikh Rashid Ahmed on Wednesday said the ultimate goal of the opposition parties ...

Published 24 Sep, 2020 02:47am

Europe

NATO hails 'good progress' in Greek-Turkish talks

The bloc's leaders will debate the crisis when they meet for a summit in Brussels next week.

Published 24 Sep, 2020 02:52am

Pakistan

Privilege motions: NA body recommends implementation in letter and spirit

ISLAMABAD: The National Assembly Standing Committee on Rules of Procedure and Privileges discussed various privilege...

Published 24 Sep, 2020 02:47am

Pakistan

IIA project: Rs94bn paid, inquiries into Rs81bn packages under way, Senate panel told

ISLAMABAD: A top official of the Aviation Division on Wednesday told a parliamentary panel that Rs94 billion had ...

Published 24 Sep, 2020 02:47am

Pakistan

Examinations in Upper Dir: FIA holds NTS responsible for irregularities

ISLAMABAD: The Federal Investigation Agency (FIA) has held the National Testing Service (NTS) responsible for the...

Published 24 Sep, 2020 02:47am

Shehbaz, & children: Money laundering reference filed in NAB court: Akbar

ISLAMABAD: Prime Minister’s Advisor on Interior and Accountability Shahzad Akbar has said former rulers have...

Published 24 Sep, 2020 02:47am

Europe

UK reports 6,000 new coronavirus cases

Britain imposed a nationwide stay-at-home order in March to stem the spread of coronavirus.

Published 24 Sep, 2020 02:50am

Poverty reduction: Sub-committee to scrutinise projects under $1bn China grant

ISLAMABAD: Parliamen-tary Committee on China-Pakistan Economic Corridor (CPEC) Chairman Sher Ali Arbab has...

Published 24 Sep, 2020 02:47am

Economic diplomacy: PM forms Moeed-led apex body

ISLAMABAD: Prime Minister Imran Khan on Wednesday decided to constitute an ‘Economic Outreach Apex Committee’...

Published 24 Sep, 2020 02:47am

Transaction structure for revival of PSM discussed

ISLAMABAD: The board of Privatisation Commission discussed on Wednesday the transaction structure for the revival of...

Published 24 Sep, 2020 02:47am

Life & Style

AAJ PROGRAM SCHEDULE

Thursday, September 24, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55...

Published 24 Sep, 2020 02:47am

Exchange

C/A balance stays surplus for second month in a row

KARACHI: The country’s current account balance remained surplus for the second consecutive month in August 2020...

Published 24 Sep, 2020 02:47am

CCoE to consider IPPs report today

ISLAMABAD: The Cabinet Committee on Energy (CCoE) which is scheduled to meet on Thursday (today) with Minister for...

Published 24 Sep, 2020 02:47am

South Asia

Taliban kill 28 police in southern Afghanistan: officials

Taliban and Afghan government negotiators are meeting in Doha, where they are trying to find a way to end 19 years of war.

Published 24 Sep, 2020 02:48am

KSA to gradually resume Umrah from Oct 4

RIYADH: Saudi Arabia will gradually resume the year-round Umrah pilgrimage from October 4, the interior ministry ...

Published 24 Sep, 2020 02:47am

World

China stakes claim as climate leader while lambasting US ‘obstruction’

BEIJING: The US is guilty of “obstructing” the global fight against emissions, China said Wednesday, as Beijing...

Published 24 Sep, 2020 02:47am

Exchange

US policeman charged over Breonna Taylor shooting

LOUISVILLE: A Louisville police officer was charged with three counts of “wanton endangerment” on Wednesday in...

Published 24 Sep, 2020 02:47am

World

Eiffel Tower evacuated for 2 hours after bomb threat

PARIS: The Eiffel Tower in Paris was evacuated for two hours Wednesday after an anonymous caller threatened to blow...

Published 24 Sep, 2020 02:47am

World

Iconic French singer Juliette Greco dies

PARIS: Legendary French singer Juliette Greco whose career spanned over half a century, has died aged 93, her family...

Published 24 Sep, 2020 02:47am

World

Embattled Belarusian leader holds secret inauguration

MINSK: Belarusian President Alexander Lukashenko took the oath of office at a secret ceremony on Wednesday in a move...

Published 24 Sep, 2020 02:47am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 24 Sep, 2020 02:47am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 24 Sep, 2020 02:47am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 24 Sep, 2020 02:47am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on...

Published 24 Sep, 2020 02:47am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (September 23, 2020) and the forecast for Thursday (September 24, 2020)....

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Mohammad Sarwar (Governor Punjab)

TEXT: It gives me great pleasure to warmly congratulate the Federation of Pakistan Chamber of Commerce and Industry...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Imran Ismail (Governor Sindh)

TEXT: It is truly commendable that the Federation of Pakistan Chambers of Commerce and Industry is organizing 8th...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Dr. Abdul Hafeez Shaikh (Advisor to PM on Finance & Revenue)

TEXT: It is a matter of great pleasure to learn that the Federation of Pakistan Chambers of Commerce and Industry...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Razzak Dawood (Advisor, Commerce, Textile, Industry, Production & Investment)

TEXT: I am delighted that the Federation of Pakistan Chambers of Commerce and Industry is organizing its 8th FPCCI...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Muhammad Hammad Azhar, (Federal Minister of Industries & Production)

TEXT: I am pleased to know that The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Mohammedmian Soomro (Minister, Privatisation Division Chairman, Privatisation Commission Ministry of Privatisation)

TEXT: I am pleased to know that The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Zartaj Gul (Minister of State for Climate Change)

TEXT: The organization of the 8th FPCCI Achievement Awards is certainly a fortuitous occasion to recognize the...

Published 24 Sep, 2020 02:47am

Supplements

8th FPCCI ACHIEVEMENT AWARDS: Message from Mian Anjum Nisar (President FPCCI)

TEXT: The Federation of Pakistan Chambers of Commerce & Industry being the apex representative body of the...

Published 24 Sep, 2020 02:47am

Cotton

Tara Group Pakistan: One of the top-ranking agri research organizations

TEXT: Tara Group Pakistan is one of the top ranking Agri research based organization in Agriculture Sector of...

Published 24 Sep, 2020 02:47am

Stocks

SECP unveils draft of cos audit cost accounts regulations

ISLAMABAD: Every company engaged in production, processing or manufacturing activities within the sectors of sugar,...

Published 24 Sep, 2020 02:47am

Pakistan

Senate panel summons Pak EPA DG, Islamabad mayor, CDA chairman

ISLAMABAD: Senate Standing Committee on Climate Change expressed “grave displeasure” on Wednesday over the...

Published 24 Sep, 2020 02:47am

Pakistan

Merger of FATA, PATA in KP: SC issues notices to AGP and KP AG

ISLAMABAD: The Supreme Court on Wednesday issued notices to the Attorney General for Pakistan and Advocate General...

Published 24 Sep, 2020 02:47am

Pakistan

Difference of language in education system generates disparities: minister

ISLAMABAD: The difference of language in education system is huge and is generating alarming disparities, said the...

Published 24 Sep, 2020 02:47am

Opinion

Partly Facetious: APC didn’t mention Covid-19?

“When The Khan is no longer the country’s chief executive who do you reckon….” “That is an...

Published 24 Sep, 2020 02:47am

Pakistan

Sherbaz Bilour elected SCCI president unopposed

PESHAWAR: Sherbaz Bilour elected unopposed as President of Sarhad Chamber of Commerce and Industry (SCCI) for the...

Published 24 Sep, 2020 02:47am

Pakistan

Constitution (Amend) Bill – 2020: Senate body seeks view from ministry

ISLAMABAD: The Senate Standing Committee on Law and Justice on Wednesday sought view from the Interior Ministry on...

Published 24 Sep, 2020 02:47am

Pakistan

Newborn expires: PM urged to take strict action against PIMS ED

ISLAMABAD: A newborn baby died on Wednesday due to alleged “sheer negligence” of doctors at the Pakistan...

Published 24 Sep, 2020 02:47am

Pakistan

Compliance with FATF laws: Operational activities of 10 NPOs shut down in Punjab

LAHORE: The Social Welfare and Bait-ul-Maal (SW&BM) Punjab has got registered first information reports (FIRs)...

Published 24 Sep, 2020 02:47am

Stocks

UK shares rise as PM assures jobs protection

LONDON: UK shares rose on Wednesday after Prime Minister Boris Johnson said the government had a “massive”...

Published 24 Sep, 2020 02:47am

Stocks

Nikkei ticks down

TOKYO: Japanese shares eased on Wednesday as the market caught up with the losses in global markets following the...

Published 24 Sep, 2020 02:47am

Stocks

Australian, NZ shares up

SYDNEY/WELLINGTON: Australian shares climbed on Wednesday by their most in more than two months as expectations grew...

Published 24 Sep, 2020 02:47am

World

Moscow expands list of European officials banned from Russia

MOSCOW: Moscow said Wednesday it was expanding a list of European officials who are banned from entering Russia as a...

Published 24 Sep, 2020 02:47am

World

Legendary nouvelle cuisine pioneer Pierre Troisgros dies

LYON: Pierre Troisgros, the legendary French chef and head of the country’s greatest gastronomic dynasty, died on...

Published 24 Sep, 2020 02:47am

Technology

Tech giants strike deal with advertisers over hate speech

WASHINGTON: Web giants including Facebook have struck a deal with advertisers on how to identify harmful content ...

Published 24 Sep, 2020 02:47am

Pakistan

Service of arrest warrant to Nawaz through UK’s court: IHC directs authorities to submit report

ISLAMABAD: The Islamabad High Court (IHC) on...

Published 24 Sep, 2020 02:47am

Exchange

Support on Kashmir

Prime Minister Imran Khan forcefully exposed Indian atrocities in the Indian Occupied Kashmir (IOK) at the annual...

Published 24 Sep, 2020 02:47am

Currency

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 24 Sep, 2020 02:47am

Exchange

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 24 Sep, 2020 02:47am

Forex

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday...

Published 24 Sep, 2020 02:47am

Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...

Published 24 Sep, 2020 02:47am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (September 23,...

Published 24 Sep, 2020 02:47am

Currency

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 24 Sep, 2020 02:47am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday...

Published 24 Sep, 2020 02:47am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 24 Sep, 2020 02:47am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (September 23, 2020)....

Published 24 Sep, 2020 02:47am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (September 23, 2020). ==========================...

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (September 23, 2020)....

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (September 23, 2020)....

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price 1,178.6802...

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (September 23, 2020). ======================== Offer...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (September 23, 2020). ======================== Offer Price...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (September 23, 2020). ======================== Offer ...

Published 24 Sep, 2020 02:47am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (September 23, 2020). ======================== Offer ...

Published 24 Sep, 2020 02:47am

Exchange

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 24 Sep, 2020 02:47am

Exchange

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 24 Sep, 2020 02:47am

Exchange

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 24 Sep, 2020 02:47am

Exchange

Board meetings in progress

KARACHI: Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange....

Published 24 Sep, 2020 02:47am

Exchange

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 24 Sep, 2020 02:47am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (September 23, 2020). ====================================...

Published 24 Sep, 2020 02:47am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Wednesday (September 23, 2020)...

Published 24 Sep, 2020 02:47am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (September 23, 2020)....

Published 24 Sep, 2020 02:47am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 24 Sep, 2020 02:47am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (September 23, 2020)....

Published 24 Sep, 2020 02:47am

Currency

THE RUPEE: Gains vs USD on open market

KARACHI: On Wednesday, upon market closing, Pakistan Rupee exhibited no change against USD in interbank market with...

Published 24 Sep, 2020 02:47am

Currency	Rate
USD PKR Interbank Selling / Jun 30	278.36
USD PKR Interbank Buying / Jun 30	278.16
USD to Japanese Yen / Jul 2	162.43
USD to Swiss Franc / Jul 2	0.81
Pound Sterling to USD / Jul 2	1.33
Euro to USD / Jul 2	1.14
SOFR % / Jul 1	3.62

Stock	Volume
S&P 500 / Jul 1	7,483.23
Nasdaq / Jul 1	26,040.03
Dow Jones / Jul 1	52,305.24
India Sensex / Jul 2	77,230.95
Tokyo Nikkei / Jul 2	69,591.75
Hang Seng / Jul 2	23,031.90
FTSE 100 / Jul 2	10,492.42
Germany DAX 30 / Jul 2	25,048.62
France CAC40 / Jul 2	8,371.51

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 1	17,780
Gold 10 Grams PKR / Jul 1	359,770
Petrol/Litre / Jul 2	299.50
Crude Oil USD/Barrel / Jul 2	67.89
Gold Spot USD/Ounce / Jul 2	4,061.83
Diesel/Litre / Jul 2	311.47
Cotton US¢/pound / Jul 2	77.48

Stock	Price
Paramount Mod / Jul 2 First Paramount Modaraba(FPRM)	15.48 ▲ 1.41 (10.02%)
First Fid. Leasing / Jul 2 First Fidelity Leasing Modaraba(FFLM)	26.70 ▲ 2.43 (10.01%)
Rupali polyester / Jul 2 Rupali Polyester Limited(RUPL)	31.54 ▲ 2.87 (10.01%)
S.G.Power / Jul 2 S.G. Power Limited(SGPL)	96.97 ▲ 8.82 (10.01%)
AN Textile Mills / Jul 2 AN Textile Mills Limited(ANTM)	41.21 ▲ 3.75 (10.01%)
Asim Textile / Jul 2 Asim Textile Mills Limited(ASTM)	28.27 ▲ 2.57 (10%)
Chashma / Jul 2 Chashma Sugar Mills Limited(CHAS)	146.45 ▲ 13.31 (10%)
Dewan Farooque Sp. / Jul 2 Dewan Farooque Spinning Mills Limited(DFSM)	27.16 ▲ 2.47 (10%)
Fateh Ind. / Jul 2 Fateh Industries Limited(FIL)	266.46 ▲ 24.22 (10%)
Frontier Ceramics / Jul 2 Frontier Ceramics Limited(FRCL)	95.17 ▲ 8.65 (10%)

Stock	Price
Tri-Pack Films / Jul 2 Tri-Pack Films Limited(TRIPF)	152.49 ▼ -16.21 (-9.61%)
Asia Ins. / Jul 2 Asia Insurance Company Limited(ASIC)	34.10 ▼ -3.58 (-9.5%)
J.A.Textile / Jul 2 J.A. Textile Mills Limited(JATM)	40.48 ▼ -4.14 (-9.28%)
Bawany Air Products / Jul 2 Bawany Air Products Limited(BAPL)	33.84 ▼ -3.27 (-8.81%)
Husein Industries / Jul 2 Husein Industries Limited(HUSI)	56.44 ▼ -5.4 (-8.73%)
Blue-Ex Ltd / Jul 2 Blue-Ex Limited(BLUEX)	8.52 ▼ -0.64 (-6.99%)
J.K.Spinning / Jul 2 J.K. Spinning Mills Limited(JKSM)	202.31 ▼ -13.95 (-6.45%)
Masood Textile / Jul 2 Masood Textile Mills Limited(MSOT)	109.91 ▼ -7.08 (-6.05%)
Premier Sugar / Jul 2 The Premier Sugar Mills(PMRS)	715.07 ▼ -39 (-5.17%)
ICC Industries / Jul 2 ICC Industries Limited(ICCI)	13.68 ▼ -0.72 (-5%)

Stock	Volume
TPL Properties / Jul 2 TPL Properties Limited(TPLP)	84,688,111 ▲ 0.51
B.O.Punjab / Jul 2 The Bank of Punjab(BOP)	59,305,943 ▲ 0.46
Cnergyico PK / Jul 2 Cnergyico PK Limited(CNERGY)	40,052,059 ▲ 0.18
Blue-Ex Ltd / Jul 2 Blue-Ex Limited(BLUEX)	36,072,347 ▼ -0.64
TPL REIT Fund I / Jul 2 TPL REIT Fund I(TPLRF1)	31,255,007 ▲ 0.11
TPL Corp Ltd / Jul 2 TPL Corp Limited(TPL)	30,380,645 ▲ 1.2
WorldCall Telecom / Jul 2 Worldcall Telecom Limited(WTL)	29,515,535 ▼ -0.01
Beco Steel Ltd / Jul 2 Beco Steel Limited(BECO)	25,810,023 ▲ 0.34
K-Electric Ltd. / Jul 2 K-Electric Limited(KEL)	21,978,001 ▼ -0.04
Maple Leaf Cement / Jul 2 Maple Leaf Cement Factory Limited(MLCF)	20,406,901 ▲ 0.86