News Archives for Latest - 2020-09-25

Exchange

Dealing with circular debt

EDITORIAL: Energy circular debt was the biggest problem this government inherited and that has continued to...

Updated 26 Sep, 2020 12:16pm

BR Research

Current account in green

The economic activities are picking up and the current account is in surplus for three out of the last four months....

Updated 26 Sep, 2020 12:02pm

Currency

Turkey surprises with first interest rate hike in two years in order to fight Lira’s fall

In a surprise move that might help the Turkish Lira to stabilize, Central Bank of the Republic of Turkey (CBRT) raised its benchmark interest rate by 2 percentage points on Thursday, its first hike in two years to fight inflation and support its falling currency.

Updated 26 Sep, 2020 12:05am

USA

Canada records C$148.58bn deficit in first four months of fiscal year

By comparison, Canada posted a C$1.56 billion deficit in the same period of fiscal 2019/20.
On a monthly basis, Canada posted a deficit of C$28.23 billion in July, compared to the C$1.47 billion deficit recorded in July 2019.

Published 25 Sep, 2020 11:58pm

Stocks

Tech leads Wall St higher as virus fears rise

US coronavirus cases top 7 million.
Costco Wholesale drops on high COVID-19 costs.
Cruise operators jump after Barclays upgrade.
Indexes up: Dow 0.40%, S&P 0.68%, Nasdaq 1.27%.

Published 25 Sep, 2020 11:53pm

World

G7 ministers back extension of debt freeze for poorest nations, urge reforms

G7 ministers see need for debt restructuring in future.
China participation 'totally insufficient' -Japan finance chief.
World Bank calls for speedy response.

Published 25 Sep, 2020 11:48pm

Currency

Turkish rate hike needs follow through for real game change

It was a bold move by the CBT which should restore credibility and improve investor sentiment.
"The rate needs to be 100 or 200 basis points above inflation - then we can get much more structurally constructive on the lira," Tatha Ghose, FX & EM analyst at Commerzbank, said.

Published 25 Sep, 2020 11:43pm

USA

Google to block election ads after Nov 3

Axios, which first reported the news, said Google mailed advertisers saying they will not be able to run ads "referencing candidates, the election.
Twitter Inc banned political ads last year, while Google has previously limited the ways election advertisers could micro-target voters.

Published 25 Sep, 2020 11:41pm

USA

White House slams FBI chief Wray over voter fraud testimony

Wray told lawmakers on Thursday he has not seen evidence of a "coordinated national voter fraud effort.
With all due respect to Director Wray, he has a hard time finding emails in his own FBI, let alone figuring out whether there's any kind of voter fraud.

Published 25 Sep, 2020 11:38pm

Industry

Canadian government commits C$320mn to aid offshore oil industry

O'Regan said in St. John's, Newfoundland and Labrador, that the funds are intended to support jobs, and could be used for maintenance, upgrades and environmental services.
The money falls short of requests from the industry, which included a government stake in a major project, tax credits and investment incentives.

Published 25 Sep, 2020 11:34pm

World

Global COVID-19 death toll could hit 2 million before vaccine in wide use: WHO

Unless we do it all, (2 million deaths) ... is not only imaginable, but sadly very likely.
We are not out of the woods anywhere, we are not out of the woods in Africa.

Published 25 Sep, 2020 11:31pm

South Asia

Japan PM to tell UN Tokyo is determined to host Olympics next year

In the summer of next year, Japan is determined to host the Tokyo Olympic and Paralympic Games as proof that humanity has defeated the pandemic.
"I will continue to spare no effort in order to welcome you to Games that are safe and secure.

Published 25 Sep, 2020 11:25pm

World

India playing a "dangerous game", PM Imran Khan warns UN General Assembly

In a speech to the United Nations General Assembly (UNGA) today, Prime Minister Imran Khan spoke on the lack of financial accountability to prevent international white collar crimes, the challenges of climate change, Pakistan’s response to the COVID-19 pandemic, the rise of Islamophobia, the authoritarian tendencies of the Modi government, and the repression of Kashmiris.

Updated 25 Sep, 2020 11:27pm

Energy

Oil heads for 3pc weekly drop as coronavirus demand concerns mount

US records over 7 mln COVID-19 cases, Midwest outbreak surges
Shell books tanker to load crude at Libya's Zueitina oil port
US drillers add rigs for second week, still down for 7th quarter: Baker Hughes

Published 25 Sep, 2020 11:20pm

Sports

New balls, please! Nadal unhappy with French Open choice

You have to take care because with these conditions you can't practise that much because the ball is super heavy.
Different brand than last year, a new ball. The ball is much slower than the previous years.

Updated 25 Sep, 2020 11:19pm

Pakistan

All pre-primary, primary, secondary classes in Sindh to be resumed from Sept 28

Saeed Ghani said there were still a lot of problems in multiple schools but the government would ensure that all coronavirus SOPs were strictly followed by all educational institutions.

Published 25 Sep, 2020 08:26pm

Pakistan

Socio-economic development of Balochistan, among federal Govt's foremost priorities: PM

The Prime Minister was talking to Balochistan Minister for Education Sardar Yar Muhammad Rind who called on him here.

Published 25 Sep, 2020 08:26pm

Pakistan

Investment linked to industries' progress: CM

He ordered for further expediting the process of issuing the NOCs besides simplifying the rules and regulations for the convenience of investors.

Published 25 Sep, 2020 08:22pm

Pakistan

Murad urges ABAD to display SBCA Barcode affixed approval board at their buildings

He took this decision in a meeting held with a delegation of ABAD led by its Chairman Mohsin Sheikhani here at CM House, said the statement released here.

Published 25 Sep, 2020 08:20pm

Pakistan

PM directs universal health coverage for Punjab's 2 big cities

The prime minister said provision of high standard health facilities to the people particularly weaker segments of the society was the government's top priority.

Published 25 Sep, 2020 08:19pm

Pakistan

Bullion prices on Friday

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

Published 25 Sep, 2020 08:18pm

Pakistan

COVID-19 claims 4 more lives: CM Sindh

The CM said that 16976 samples were tested against which 242 new cases emerged which constituted 1.5 percent current detection rate.

Published 25 Sep, 2020 08:16pm

Pakistan

Raja Basharat for early compliance of CM directive regarding visually impaired daily wagers

Raja Basharat said that the chief minister had given the target of transferring 645 daily wagers on contract basis but so far only 319 persons had been recruited.

Published 25 Sep, 2020 08:15pm

Business & Finance

US stocks edge down on tepid data, election angst

The broad-based S&P 500 shed 0.2 percent to 3,241.33, while the tech-rich Nasdaq Composite Index lost less than 0.1 percent at 10,668.85.

Published 25 Sep, 2020 08:13pm

Pakistan

Nawaz APC speech sounded like that of any enemy: Sh Rashid

The minister said that the opposition only wanted clash with Prime Minister Imran Khan to sabotage the upcoming Senate elections.

Published 25 Sep, 2020 08:11pm

Pakistan

Speaker invites parliamentary leaders to discuss electoral reforms, upcoming GB elections

In this regard, the speaker has written letters to the parliamentary leaders inviting them to attend the meeting, said a press release issued here on Friday.

Published 25 Sep, 2020 08:08pm

Pakistan

PM to highlight Kashmir issue comprehensively in UNGA: Dr Gill

He said PM was committed to expose Indian atrocities, barbarism and tyranny toward the Kashmiris, those were continuing their struggle to get the basic right to self-determination.

Published 25 Sep, 2020 08:06pm

Pakistan

Islamabad Int'l Airport to plant 5 lakh trees

Speaking on the occasion, Secretary Aviation highlighted the significance of the campaign and termed it as a positive contribution towards Clean and Green Pakistan initiative.

Published 25 Sep, 2020 08:03pm

Sports

Wasim Khan reveals upcoming assignments for Pakistan team

The team will tour New Zealand later this year.

Updated 25 Sep, 2020 07:04pm

World

Modi features in Time Magazine's list of 100 most influential people, but there is a catch

Indian Prime Minister Narendra Modi has been featured in Time Magazine’s “Most Influential People of 2020” list, but there is a catch - as his influence as the leader of the world’s largest democracy, often projected glowingly as a vibrant, secular society, is described without its glossy veneer.

Published 25 Sep, 2020 06:57pm

World

A new country will be recognising Israel, says American Ambassador to the U.N.

On Wednesday, Kelly Craft, United States Ambassador to the United Nations, stated that a new country will be recognising Israel in “the next day or two”.

Updated 25 Sep, 2020 06:18pm

Sports

Faisal Iqbal cleared to rejoin Balochistan

The former Test cricketer is already in isolation in Muridke and ready to join the squad in Multan.

Published 25 Sep, 2020 06:04pm

PM Imran decides to expand 'Sehat Sahulat Programme' to 36 districts of Punjab

Prime minister says government is also planning to launch universal coverage of health facilities under the programme for two cities of the province

Published 25 Sep, 2020 05:53pm

Sports

PCB issues verdict on PSL financial model case

The board receives legal notice for upcoming hearing of the case in the High Court.

Published 25 Sep, 2020 06:01pm

Technology

MoU signed between P@SHA and CAP

This collaboration between P@SHA and CAP hopes to boost the e-commerce sector in Pakistan.

Published 25 Sep, 2020 05:57pm

Life & Style

Khirad is by far my most special character, says Mahira Khan

No surprises there.

Updated 25 Sep, 2020 05:46pm

Life & Style

Esra Bilgiç hits out at CCPO Lahore Umar Sheikh over Motorway incident remarks

"Shame on you and people like yourself," said Bilgiç.

Updated 25 Sep, 2020 05:32pm

Stocks

Asian stocks, currencies steady after rough week

Wall Street had closed higher on signs that Democrats in the House of Representatives were working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.

Published 25 Sep, 2020 05:25pm

Commodities

CBOT soybeans may bounce to $10.09

The support is provided by the 176.4pc projection level of an uptrend from $9.01.

Published 25 Sep, 2020 05:20pm

Forex

Australia, NZ dollars on track for weekly losses; RBA meeting in focus

The Australian dollar was last up 0.3pc at $0.7065. Earlier this week, it hit a two-week low of $0.7016.

Published 25 Sep, 2020 05:18pm

Commodities

CBOT corn may bounce to $3.67-1/2

The support is provided by the 107pc projection level of an uptrend from $3.35-1/2.

Published 25 Sep, 2020 05:15pm

Stocks

Australian shares end higher as govt signals ease in lending standards

Jumping nearly 7pc, Westpac Banking Corp was the biggest percentage gainer among its peers with others adding between 2.8pc and 6.4pc.

Published 25 Sep, 2020 05:12pm

Stocks

Japan shares end higher as traders await more US stimulus

The Nikkei 225 Index ended 0.51pc higher at 23,204.62. The broader Topix gained 0.48pc to 1,634.23.

Published 25 Sep, 2020 05:03pm

Business & Finance

Falling Oil Prices threatens Pakistan's Inflow of Remittances

Falling demand for oil in the Gulf States contributes to Pakistani expatriates' growing joblessness and a decline in the inflow of remittances.

Published 25 Sep, 2020 05:04pm

Commodities

Palm oil rebounds as flooding in Indonesia stoke supply fears

Dalian's most-active soyoil contract fell 0.63pc, while its palm oil contract slipped 1.17pc. Soyoil prices on the Chicago Board of Trade were down 0.28pc.

Published 25 Sep, 2020 05:01pm

Commodities

China's August soybean imports from Brazil rise 22pc from year earlier

China brought in 166,370 tonnes of soybeans from the US in August, down 90pc from last year's 1.68 million tonnes, and up from 38,333 tonnes in July.

Published 25 Sep, 2020 04:59pm

Pakistan

Opposition will neither resign nor stage sit-in against govt, says Sheikh Rasheed

Minister says PM is committed to wipe out the menace of corruption from the country

Updated 25 Sep, 2020 05:01pm

Europe

Czech Republic reports 2,913 new coronavirus cases

The total number of cases reached 58,374 in the country of 10.7 million, which has been experiencing a surge of infections in recent weeks after relaxing most anti-epidemic measures in the summer.

Published 25 Sep, 2020 04:57pm

Europe

Russia agrees to supply 35mn doses of COVID-19 vaccine to Uzbekistan

The deal is one of several agreed by the Russian Direct Investment Fund (RDIF) in recent weeks to supply the vaccine, which is currently being tested in a large-scale trial in Moscow, abroad.

Published 25 Sep, 2020 04:56pm

Stocks

South Korea stocks post sharpest weekly fall in 6 months

The benchmark KOSPI closed up 6.09 points, or 0.27pc, at 2,278.79, rebounding from a near two-month low hit in the previous session.

Published 25 Sep, 2020 04:53pm

Stocks

China stocks end flat, post worst weekly fall in over 2 months on virus worries

The blue-chip CSI300 index rose 0.2pc, to 4,570.02, while the Shanghai Composite Index slipped 0.1pcto 3,219.42.

Published 25 Sep, 2020 04:51pm

Forex

South Africa's rand steady as selloff eases ahead of weekend

At 0615 GMT the rand was 0.18pc firmer at 16.9100 per dollar, following a close of 16.9400 overnight in New York in low volume trade with local markets closed for a national holiday.

Published 25 Sep, 2020 04:49pm

Energy

UK GAS-Prices fall amid slightly oversupplied market, lower demand

The system was 5 million cubic metres (mcm) over-supplied, with demand forecast at 174 mcm and supply at 179 mcm/day, National Grid data showed.

Published 25 Sep, 2020 04:46pm

Commodities

Copper set for first weekly loss in seven on dollar strength

Three-month copper on the London Metal Exchange rose 1pc to $6,591.50 a tonne by 0704 GMT.

Published 25 Sep, 2020 04:40pm

Commodities

CBOT wheat may test resistance at $5.53

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

Published 25 Sep, 2020 04:39pm

Forex

Rouble rebounds on easing risk aversion, crude strength

At 0755 GMT, the rouble was 0.3pc stronger against the dollar at 76.88 and had gained 0.3pc to trade at 89.75 versus the euro.

Published 25 Sep, 2020 04:36pm

Europe

Slovakia reports 419 new covid-19 cases, another record daily tally

For the country, which has one of Europe's lowest death tolls from the novel coronavirus, the figure represents thee third record tally in a row.

Published 25 Sep, 2020 04:26pm

Pakistan

Two men handed death penalty for sexual harassment in GB

The court also sentenced lifetime imprisonment to another accused named Mubarak Ali in the same case.

Updated 25 Sep, 2020 04:35pm

Money & Banking

Turkish central bank opens 5bn lira repo auction at 10.25pc

The bank raised its policy repo rate by 200 basis points on Thursday, tightening policy for the first time in two years in order to lift the lira from record lows and rein in elevated inflation.

Published 25 Sep, 2020 04:24pm

Commodities

New York cocoa biased to retest resistance at $2,637

The contract seems to be consolidating within a wedge, the upper trendline of which points at a target of $2,708.

Published 25 Sep, 2020 04:22pm

South Asia

Philippines confirms 2,630 new coronavirus cases, 69 deaths

In a bulletin, the ministry said total confirmed cases in the Philippines have reached 299,361, the highest in Southeast Asia, while deaths have increased to 5,196.

Published 25 Sep, 2020 04:21pm

Forex

Sterling gains on more stimulus hopes after Sunak scales back job support

Versus the dollar, sterling was up 0.3pc at $1.2784 by 0823 GMT, after hitting a two-month low of $1.2676 on Wednesday.

Published 25 Sep, 2020 04:19pm

Asia

Indonesia reports record daily rise in COVID-19 cases for 3rd day

The data added 113 new deaths, taking the total to 10,218, one of the highest death tolls in Asia.

Published 25 Sep, 2020 04:18pm

Europe

Moscow mayor urges more home-working as Russia's new COVID cases hit 3-month high

Russia has the world's fourth-highest case total, behind the United States, India and Brazil, and the 12th highest death toll according to the official figures.

Published 25 Sep, 2020 04:16pm

Stocks

FTSE 100 pares early gains, set for second straight weekly loss

The FTSE 100 index was down 0.07%. For the week so far, it has shed 2.9%, with stocks of auto makers, travel and insurers being the biggest laggards on surging infections and new movement curbs.

Published 25 Sep, 2020 04:14pm

Stocks

Hong Kong stocks post biggest weekly drop in 6 months on renewed virus woes

At the close of trade, the Hang Seng index was down 75.65 points, or 0.32pc, at 23,235.42.

Published 25 Sep, 2020 04:13pm

Stocks

European stocks set for worst week in 3 months as COVID-19 cases rise

Nestle gained 1.6pc after HSBC upgraded the stock to "buy" on expectations of a boost to revenue from its health science unit.

Published 25 Sep, 2020 04:11pm

Business & Finance

Pakistan economy undergoes V-shaped recovery amid smart lockdown success, says Azhar

Apart from COVID, if we compared the industrial figures in this fiscal, it has shown a lot of improvement as compared to the previous year, said Azhar.

Published 25 Sep, 2020 04:09pm

South Asia

Poland reports fresh record daily increase in coronavirus cases

The health ministry said that as of Friday there were 96 ventilators and 1,995 hospital beds devoted to COVID-19 patients.

Published 25 Sep, 2020 04:09pm

Energy

Oil heading for weekly drop as coronavirus demand concerns mount

Brent crude was up 30 cents at $42.24 a barrel by 0855 GMT, while US West Texas Intermediate (WTI) crude rose 23 cents to $40.54.

Published 25 Sep, 2020 04:07pm

Sports

Pakistan team members join domestic teams for National T20 Cup

The 21-member squad who was part of England tour joined their respective sides.

Published 25 Sep, 2020 04:02pm

Financial

Italy's 6-month BOT bill yield falls to lowest level since April 2018

A BOT bill expiring in March 2021 fetched a -0.392pc gross yield, compared with -0.330pc at the previous auction in August and -0.421pc in April 2018.

Published 25 Sep, 2020 04:06pm

South Asia

China says WHO gave blessing for coronavirus vaccine emergency use programme

China's annual production capacity of COVID-19 vaccines is expected to reach 610 million doses by end-2020 and 1 billion doses by 2021, Zheng said.

Published 25 Sep, 2020 04:04pm

Industry

Harley close to deal with India's Hero after stopping local manufacturing

Hero MotoCorp, which is the India's largest two-wheeler manufacturer by sales, said it doesn't comment on market speculation.

Published 25 Sep, 2020 03:59pm

Europe

Russia doesn't plan lockdowns despite increase in coronavirus cases

Russia's daily tally of new coronavirus cases hit its highest level since June 23 on Friday with 7,212 infections reported across the country.

Published 25 Sep, 2020 03:44pm

All educational institutions in Sindh to reopen from Sept 28, announces Saeed Ghani

Minister says the decision has been taken in wake of improving coronavirus situation in the country

Updated 25 Sep, 2020 03:59pm

FO summons Indian envoy to register protest over ceasefire violation along LoC

India has committed 2,340 ceasefire violations to date, resulting in 18 casualties and serious injuries to 187 innocent civilians

Updated 25 Sep, 2020 03:45pm

World

Worldwide coronavirus cases cross 32.25 million, death toll at 981,634

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

Published 25 Sep, 2020 03:40pm

Forex

Russian rouble hits five-month low, Yandex shares rally

At 1521 GMT, the rouble was 0.8pc weaker against the dollar at 76.72 after hitting 77.1150, its lowest level since April 22.

Published 25 Sep, 2020 03:37pm

Business & Finance

Punjab govt issues Sugar Factories Amendment Ordinance, 2020

Under the amended ordinance, delay in payment of farmers' dues and the illegal deduction will result in imprisonment for 3 years and a fine of Rs 5 million.

Updated 25 Sep, 2020 03:39pm

Currency

Hungary central bank provides EUR 529mn worth of liquidity at EUR/HUF swap tender

The National Bank of Hungary (NBH) added swap tenders providing foreign currency liquidity to its monetary policy toolkit in September to reduce volatility in the domestic fx swap market.

Published 25 Sep, 2020 03:36pm

Commodities

Gold edges up as dollar rally pauses; biggest weekly drop in six

Spot gold rose 0.1pc to $1,869.79 per ounce by 0938 GMT, while U.S. gold futures were down 0.1pc at $1,875.00.

Published 25 Sep, 2020 03:31pm

Europe

Iran, Russia discussing joint production of COVID-19 vaccine

"We announced that we will co-operate in two-three areas. That includes joint production with Russia. Iran has great potential to produce the vaccine," Jalali was quoted as saying.

Published 25 Sep, 2020 03:30pm

Europe

Some northern hemisphere countries struggling to source more flu vaccines: WHO

Most countries place their orders about 9-12 months in advance based on national health policies so have already decided on their doses for this year's flu season.

Published 25 Sep, 2020 03:27pm

Pakistan

Fake News: Mazari refutes reports of cases registered against journalists by FIA

FIA examines all complaints but NO FIR has been registered and FIA can't register FIR under PECA without following specified legal procedure," she tweeted.

Updated 25 Sep, 2020 03:29pm

Europe

Madrid authorities extends partial lockdown in the region

The region of Madrid, a densely-populated virus hotspot, accounts for over a third of hospital admissions in Spain.

Published 25 Sep, 2020 03:22pm

Pakistan

Additional SHO killed in encounter with bandits in Karachi

Police Officer Abdul Rahim challanged the suspects while they tried to escape at University Road

Updated 25 Sep, 2020 03:21pm

Sports

Pakistan legends pick their favourites for National T20 Cup

The second-half of the tournament will be played at the Pindi Cricket Stadium, Rawalpindi, where the final will be held on Sunday, 18 October.

Published 25 Sep, 2020 03:01pm

Sports

Messi slams Barcelona over ‘Suarez exit’

The Uruguayan joined Atletico Madrid after spending six years at Camp Nou.

Published 25 Sep, 2020 02:47pm

Sports

Nadal eyes Federer record, 15 years after first Roland Garros title

The undisputed king of clay, owns an astounding 93-2 record in Paris dating back to his debut in 2005.

Updated 25 Sep, 2020 02:47pm

Business & Finance

Passengers now required to install Pass Track App under CAA's new SOPs

Passengers shall be required to install Pass Track App downloadable from the google play store and the apple store.

Updated 25 Sep, 2020 02:40pm

Pakistan

Pakistani Hindus up in arms against Jodhpur killings

Last month, the bodies of 11 members of a Pakistani Hindu migrant family were found in a field in India's Jodhpur district in Rajasthan state.

Published 25 Sep, 2020 02:34pm

Sports

Messi, Inter, Camavinga – what to look out for in Europe this weekend

The 33-year-old will be back in a Barcelona shirt as the Catalans belatedly kick off their campaign in La Liga.

Published 25 Sep, 2020 02:02pm

Sports

Bayern stay strong to complete quadruple with Super Cup win

Bavarians beat Sevilla 2-1 after extra time on Thursday to lift yet another trophy under coach Hansi Flick.

Published 25 Sep, 2020 01:55pm

APS attack was the result of a massive security failure, claims inquiry report

Earlier, the CJP directed Attorney General Khalid Jawed Khan to ensure that the report is made public.

Updated 25 Sep, 2020 01:48pm

Perspectives

Institute of Change and Transformation Professionals Asia a Professional Body in the making

Change and Transformation are heavily Impacted by country culture in Asia and consequently, it is practiced in a way...

Published 25 Sep, 2020 01:10pm

Perspectives

Entrepreneurial Culture in our Society

Are Pakistani people innovative? This is a million-dollar question the answer to which lies in the analysis of our...

Published 25 Sep, 2020 12:38pm

Money & Banking

WB approves $450mn for Pakistan’s renewable transition

The transition would allow Pakistan to reduce its reliance on fossil fuel imports and lower costs of electricity production.

Published 25 Sep, 2020 12:47pm

Business & Finance

Water bottle mogul dethrones Jack Ma as China’s richest man

Zhong Shanshan has become the richest man in China with a net worth of USD 58.7 billion.

Published 25 Sep, 2020 12:29pm

Currency

Ant launches blockchain-based cross-border trade platform ahead of $35 billion IPO

Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.

Published 25 Sep, 2020 12:17pm

Business & Finance

Gig Economy: How to break into a new market

Freelancers should also learn to utilize social media to its maximum, as it can be use as a great marketing tool.

Published 25 Sep, 2020 11:58am

World

Afghan government, Taliban remain main contributors to violence in Afghanistan, claims Khalilzad

Taliban continue to see violence as a leverage point in the negotiations
The peace talks present a major milestone in the country’s four decades of conflict

Published 25 Sep, 2020 10:44am

PM to raise Kashmir issue at UNGA address today

He will also share Pakistan's successful handling of the novel coronavirus in his address.

Updated 25 Sep, 2020 10:42am

Business & Finance

Oil gains but heading for weekly fall over coronavirus demand concerns

Brent crude was up 17 cents at $42.11 a barrel by 0346 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 gained 16 cents to $40.47.

Published 25 Sep, 2020 10:39am

Technology

Apple critics form coalition to challenge App Store fees

Apple charges a commission of between 15%-30% for apps that use its in-app payment system and sets out extensive rules for apps in its App Store, which is the only way Apple allows consumers to download native apps to devices such as the iPhone.

Published 25 Sep, 2020 10:28am

Business & Finance

Electrified by Tesla, Chinese startups are on the charge

The country’s growing fascination with the U.S. pioneer’s sleek designs and cutting-edge technology is giving a string of second-wave home-grown Tesla wannabes the traction to raise more funding, expand production and boost sales.

Published 25 Sep, 2020 10:22am

Technology

Facebook's Oversight Board plans to launch just before U.S. election

The board, created by Facebook in response to criticism of its handling of problematic content, will initially have the power to review decisions to take down posts from Facebook and Instagram, and recommend policy changes.

Published 25 Sep, 2020 10:19am

BR Research

Business confidence turns positive

From the lowest ever ratings for business confidence in June, to the joint highest in August, the journey was quick....

Published 25 Sep, 2020 08:21am

BR Research

Has Pakistan acquired herd immunity?

Those struggling to find reasons for the dramatic turnaround of events to Pakistan’s coronavirus infection rate,...

Published 25 Sep, 2020 08:20am

Currency

Losses mount for BYCO

Byco Petroleum Limited’s (PSX: BYCO) overall losses took a further dive in FY20 - 44 percent year-on-year to be...

Published 25 Sep, 2020 08:20am

Currency

An interview with SME-based exporting industries in Sialkot

PM’s initiative to revive SMEs must avoid repeat of past policy failures Sialkot’s export hub needs no...

Published 25 Sep, 2020 08:19am

World

Pompeo to show support for Greece amid Turkey tensions

Pompeo earlier this month also discussed the row on a visit to Cyprus, the majority-Greek island whose northern third is occupied by Turkey.

Published 25 Sep, 2020 04:16am

Pakistan

'PM will eradicate corrupt mafia'

ISLAMABAD: Nargis Jabeen, General Secretary North Punjab Women Wing, Pakistan Tehreek-e-Insaf has said that the APC...

Updated 25 Sep, 2020 03:14am

Pakistan

Anti-Money Laundering: NEC approves guidelines for improving LEAs capacity

ISLAMABAD: The National Executive Committee (NEC) on Anti-Money Laundering has approved the guidelines for improving...

Updated 25 Sep, 2020 03:13am

Pakistan

Gift depository case: Statements of two witnesses against Zardari, Gillani recorded

ISLAMABAD: The top anti-graft body on Thursday brought in two witnesses before an accountability court against ...

Updated 25 Sep, 2020 03:12am

Europe

Russia dismisses US threats on Iran cooperation

Washington has said it will seek to prevent Iran from purchasing Chinese tanks and Russian air defence systems.

Published 25 Sep, 2020 03:10am

Pakistan

CCI meeting, final results of census: SHC orders federal government to submit report

KARACHI: The Sindh High Court (SHC) on Thursday sought a report about the meeting of the Council of Common Interests...

Updated 25 Sep, 2020 03:11am

Opinion

New bid but little hope to reform UN Security Council

A flurry of world leaders have appealed again to the United Nations to reform the Security Council, reviving a bid...

Updated 25 Sep, 2020 03:11am

IIOJK: FM sends another letter to UNSC's President

ISLAMABAD: As part of Pakistan's efforts to keep the United Nations Security Council and the Secretary General fully...

Updated 25 Sep, 2020 03:10am

Letters

'Import substitution'

According to Investopedia, Import substitution industrialization (ISI) is a theory of economics typically adhered to...

Updated 25 Sep, 2020 03:10am

Exchange

Forex reserves down $55m

KARACHI: The country's total liquid foreign exchange reserves declined by $55 million to stand at $19.9 billion at...

Updated 25 Sep, 2020 03:09am

Year 2020: Over 2,000 LoC violations by India, diplomats told

RAWALPINDI: Armed Forces Spokesman Major General Babar Iftikhar Thursday told foreign diplomats that there had been...

Updated 25 Sep, 2020 03:09am

Africa

Libya PM voices alarm at militias amid ceasefire

Libya has been in chaos since 2011 when a Western-backed uprising toppled dictator Moamer al-Kadhafi.

Published 25 Sep, 2020 03:08am

Fazl met Bajwa in Lahore, claims Rashid

FAISALABAD: Railways Minister Sheikh Rashid Ahmad on Thursday said that both - JUI-F chief Maulana Fazlur Rehman and...

Updated 25 Sep, 2020 03:09am

Sindh government held responsible for gas shortage in Karachi: Gas sector circular debt swells to Rs 250 billion: Ayub

ISLAMABAD: The circular debt of the gas sector swelled to Rs250 billion and the Sindh government is responsible for...

Updated 25 Sep, 2020 03:08am

MoUs with IPPs: Ministry estimates Rs 856 billion potential saving

ISLAMABAD: The Ministry for Energy Thursday presented an initial estimate of Rs856 billion of potential saving to ...

Updated 25 Sep, 2020 03:08am

Nepra allows Discos to increase average tariffs by Rs 1.62

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has allowed Discos' to increase average tariffs...

Updated 25 Sep, 2020 03:07am

Developing countries: PM demands global community returns stolen assets at once

ISLAMABAD: Prime Minister Imran Khan, has urged the international community that stolen assets of developing...

Updated 25 Sep, 2020 03:07am

Business & Finance

Maldivian businessmen visit PNSC head office

KARACHI: A five-member business delegation from Maldives including Major General Ahmed Shiyam (R) Chairman-Concierge...

Updated 25 Sep, 2020 03:06am

Pakistan

New municipal commissioner assumes charge

KARACHI: Pakistan Administrator Service (PAS) Grade-19 officer Afzal Zaidi on Thursday assumed additional charge of...

Updated 25 Sep, 2020 03:05am

Pakistan

Karachi march: MQM-P demands separate province

KARACHI: Muttahida Qaumi Movement (MQM-P) on Thursday demanded a separate province in Sindh comprising of urban ...

Published 25 Sep, 2020 02:45am

Business & Finance

Pandemic may obliterate free-market mantra: PBIF chief

KARACHI: President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain expressed his apprehensions over...

Published 25 Sep, 2020 02:45am

Business & Finance

Countries under GSP Plus regime: EU envoy for product diversity to exploit full potential of market access

LAHORE: European Union Ambassador to Pakistan Androulla Kaminara has stressed the need for product diversity and ...

Published 25 Sep, 2020 02:45am

Pakistan

Fire tenders, snorkels in deplorable condition: Shallwani

KARACHI: Administrator Karachi Iftikhar Ali Shallwani on Thursday deplored that the multi-million rupee fire tenders...

Published 25 Sep, 2020 02:45am

Life & Style

AAJ PROGRAM SCHEDULE

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

Published 25 Sep, 2020 02:45am

Pakistan

Guccha elected central chairman of PYMA

KARACHI: Shahid Akram Guccha was elected unopposed central chairman of Pakistan Yarn Merchants Association (PYMA)...

Published 25 Sep, 2020 02:45am

Pakistan

Sindh-Balochistan Zone: Naqi Bari elected PRGMEA chief unopposed

KARACHI: Muhammad Naqi Bari was elected unopposed as Chairman Pakistan Readymade Garments Manufacturer and Exporters...

Published 25 Sep, 2020 02:45am

Pakistan

Webinar held to mark Int'l Day of Peace

Lahore: Keeping the SOPs of Covid-19 in consideration, a webinar was hosted here on Wednesday to celebrate the...

Published 25 Sep, 2020 02:45am

Pakistan

Qureshi reiterates willingness to host 19th SAARC summit

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Thursday reiterated Pakistan's willingness to host the 19th ...

Published 25 Sep, 2020 02:45am

Pakistan

Week-long art exhibition 'Bexon' inaugurated

ISLAMABAD: Dean of Diplomatic Corps, Ambassador Extraordinary and Plenipotentiary of Turkmenistan Atadjan Movlamov...

Published 25 Sep, 2020 02:45am

Pakistan

Money-laundering case: Pre-arrest bail of Shahbaz extended till 28th

LAHORE: A division bench of the Lahore High Court on Thursday extended pre-arrest bail of leader of Opposition in...

Published 25 Sep, 2020 02:45am

Currency

Tareen submits reply to FIA in sugar scam

LAHORE: PTI senior leader Jahangir Khan Tareen in his reply has submitted to the Federal Investigation Agency (FIA)...

Published 25 Sep, 2020 02:45am

Pakistan

APNS marks today as National Newspaper Readership Day

KARACHI: The President of Pakistan Dr, Arif Alvi and the Prime Minister of Pakistan, Imran Khan have commended All...

Published 25 Sep, 2020 02:45am

PM vows to reduce poverty to 19 percent by 2023

ISLAMABAD: Prime Minister Imran Khan on Thursday said that his government was committed to reducing poverty from ...

Published 25 Sep, 2020 02:45am

CCP conducts search of APCMA office in Lahore

LAHORE: The Competition Commission of Pakistan (CCP), as part of an enquiry launched in May 2020 to investigate the...

Published 25 Sep, 2020 02:45am

Automakers sue US government over tariffs on Chinese imports

NEW YORK: Major automakers Tesla, Volvo, Ford and Mercedes-Benz have sued the US government over tariffs on Chinese...

Published 25 Sep, 2020 02:45am

Jul-Aug period: Country received $2.248bn external inflows: EAD

ISLAMABAD: The country received $2.248 billion total external inflows from multiple financing sources in the first...

Published 25 Sep, 2020 02:45am

Sports

Rahul hits highest-ever score by an Indian in IPL history on sombre day

"It was good to be in the middle and see the team through whatever we'd planned before the game," Rahul said.

Published 25 Sep, 2020 02:49am

Banks agree to provide accountholders' info to FBR

ISLAMABAD: Banks have agreed to provide accountholders' information to the Federal Board of Revenue (FBR) regarding...

Published 25 Sep, 2020 02:45am

Exchange

SBP eases cash margin restriction on import of certain items/raw materials

KARACHI: The State Bank of Pakistan (SBP) has eased 100 percent cash margin requirement on the import of certain...

Published 25 Sep, 2020 02:45am

Currency

Inflation needs to be disaggregated, MFPCB told

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has expressed concern over...

Published 25 Sep, 2020 02:45am

Africa

Almost 830,000 people affected by Sudan floods: UN

The Sudanese civil defence recorded 124 deaths and 54 injuries due to the flooding.

Published 25 Sep, 2020 02:47am

Europe

New virus cases in Moscow climb to June levels

So far 19,948 people have died of Covid-19 in Russia, out of a total 1,128,836 confirmed infections.

Published 25 Sep, 2020 02:45am

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 25 Sep, 2020 02:45am

Stocks

Last date of renunciation/payment

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

Published 25 Sep, 2020 02:45am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 25 Sep, 2020 02:45am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

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 25 Sep, 2020 02:45am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Pakistan

The Weather

KARACHI: The weather report on Thursday (September 24, 2020) and the forecast for Friday (September 25, 2020)....

Published 25 Sep, 2020 02:45am

Pakistan

Rain-affected areas: Sindh faces shortfall of Rs56bn in fed revenue transfers

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the federal government has demonstrated a lukewarm...

Published 25 Sep, 2020 02:45am

Pakistan

PM to address UNGA today

ISLAMABAD: Prime Minister Imran Khan will forcefully raise the issue of Jammu and Kashmir dispute at the United...

Published 25 Sep, 2020 02:45am

Pakistan

CCP member: Ministry asked to re-advertise vacant position

ISLAMABAD: The federal cabinet has directed Finance Ministry to re-advertise a vacant position of a member of...

Published 25 Sep, 2020 02:45am

World

'Enough is enough': China attacks US at Security Council

UNITED NATIONS: China on Thursday lashed out at the United States at a high-level UN meeting over its criticism on...

Published 25 Sep, 2020 02:45am

Middle East

Iran Guards open new naval base near Strait of Hormuz

TEHRAN: Iran's Revolutionary Guards have unveiled a new naval base aiming to project "dominance" over the strategic...

Published 25 Sep, 2020 02:45am

World

Nobel prize cash raised to $1.1 million

STOCKHOLM: The cash envelope that accompanies each Nobel prize will be increased this year from nine to 10 million...

Published 25 Sep, 2020 02:45am

Middle East

Saudi Arabia warns of 'oil spot' near decaying Yemen tanker

RIYADH: An "oil spot" has been observed in a shipping lane west of a decaying tanker off Yemen's western coast, ...

Published 25 Sep, 2020 02:45am

Opinion

PARTLY FACETIOUS: A recent up for IK and a down for JKT

"Relationships evolve over time and they needn't get better." "Hey that's a given in this life. I mean there are ...

Published 25 Sep, 2020 02:45am

Stocks

Britain's shares drop

LONDON: London shares dropped on Thursday, hitting session lows after Britain scaled-back job support for workers ...

Published 25 Sep, 2020 02:45am

Stocks

Wall Street's main indexes tumble

NEW YORK: Wall Street's main indexes fell sharply on Wednesday after data showing a cooling of US business activity...

Published 25 Sep, 2020 02:45am

Stocks

Thursday's early afternoon trade: Tech stocks lift Wall Street as economic rebound slows

NEW YORK: Wall Street climbed in choppy trading on Thursday, with investors returning to the perceived safety of...

Published 25 Sep, 2020 02:45am

Stocks

European stocks slide

MILAN/FRANKFURT: European stocks slid on Thursday, with UK markets leading the way after Britain's government...

Published 25 Sep, 2020 02:45am

Stocks

Dubai leads most Gulf indexes lower

• All real estate shares decline in Dubai • Moody's downgrades Kuwait on liquidity squeeze, weak governance...

Published 25 Sep, 2020 02:45am

Stocks

China stocks drop

BEIJING: China shares ended lower on Thursday, after falling the most in more than two weeks, taking cues from an...

Published 25 Sep, 2020 02:45am

Stocks

Nikkei descends

TOKYO: Japanese shares succumbed to broad selling pressure in global stocks on Thursday following worries about ...

Published 25 Sep, 2020 02:45am

Exchange

FBR's statistics: a critical analysis - I

On September 18, 2020, Federal Board of Revenue (FBR) released 'Parliamentarians' Tax Directory for Tax Year 2018',...

Published 25 Sep, 2020 02:45am

Exchange

Reforming agricultural sector

Agriculture is the backbone of Pakistan's economy. Unfortunately, for long it has been neglected by successive...

Published 25 Sep, 2020 02:45am

Currency

State Bank of Pakistan conversion rates

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

Published 25 Sep, 2020 02:45am

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 25 Sep, 2020 02:45am

Forex

Exchange rates: buying and selling

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

Published 25 Sep, 2020 02:45am

Forex

Currency notes: exchange rates

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

Published 25 Sep, 2020 02:45am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (September 24,...

Published 25 Sep, 2020 02:45am

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 25 Sep, 2020 02:45am

Forex

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on...

Published 25 Sep, 2020 02:45am

Forex

Open market rates of foreign currencies

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

Published 25 Sep, 2020 02:45am

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 25 Sep, 2020 02:45am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Thursday (September 24, 2020). ========================== ...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Thursday (September 24, 2020). ...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Thursday (September 24, 2020). ...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Thursday (September 24, 2020). ======================== Offer Price 1,178.1190...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Thursday (September 24, 2020). ======================== Offer...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Thursday (September 24, 2020). ======================== Offer Price...

Published 25 Sep, 2020 02:45am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Thursday (September 24, 2020). ======================== Offer ...

Published 25 Sep, 2020 02:45am

Exchange

Clearing Schedule for T+2 System

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

Published 25 Sep, 2020 02:45am

Exchange

Proposed right issues

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

Published 25 Sep, 2020 02:45am

Exchange

Dividend/Bonus Announcements

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

Published 25 Sep, 2020 02:45am

Exchange

Board meetings in progress

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

Published 25 Sep, 2020 02:45am

Exchange

BOARD MEETINGS

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

Published 25 Sep, 2020 02:45am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (September 24, 2020). ====================================...

Published 25 Sep, 2020 02:45am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Thursday (September 24, 2020)...

Published 25 Sep, 2020 02:45am

Currency

THE RUPEE: Stable against USD

KARACHI: On Thursday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. It...

Published 25 Sep, 2020 02:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Thursday (September 24, 2020). ======================== Bid ...

Published 25 Sep, 2020 02:45am

Vegetable Oil

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Commodities

Pakistan Mercantile Exchange - PMEX

ISLAMABAD: Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary...

Published 25 Sep, 2020 02:45am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Thursday (September 24, 2020). =======================================...

Published 25 Sep, 2020 02:45am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 24, 2020)...

Published 25 Sep, 2020 02:45am

Exchange

LME official prices

LONDON: The following were Wednesday official prices....

Published 25 Sep, 2020 02:45am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Forex

PM reviews increase in remittances, reserves

ISLAMABAD: Prime Minister Imran Khan on Thursday said the government was focusing on exports, imports substitution,...

Published 25 Sep, 2020 02:45am

Commodities

Gold scales back

KARACHI: Gold on Thursday scaled back by Rs1500 to Rs112500 per tola on the local market, traders said. The yellow...

Published 25 Sep, 2020 02:45am

Energy

Wapda embarks on constructing Attabad Hydropower Project

LAHORE: In yet another significant development towards socio-economic uplift of Gilgit-Baltistan (GB), the Pakistan...

Published 25 Sep, 2020 02:45am

Cotton & Textile

Business activity remains steady on cotton market

KARACHI: The local cotton market remained stable on Thursday. Market sources said that either there is a buyer of...

Published 25 Sep, 2020 02:45am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 24, 2020)....

Published 25 Sep, 2020 02:45am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 150,066 tonnes of cargo comprising 113,760 tonnes of import cargo and 36,306 ...

Published 25 Sep, 2020 02:45am

Commodities

Chinese iron ore futures drop nearly 3 percent

BEIJING/NINGBO: Chinese iron ore futures fell for a third straight session on Wednesday, pulled down by higher...

Published 25 Sep, 2020 02:45am

Grains

CBOT soyabean futures fall for third day

CHICAGO: Chicago Board of Trade soyabean futures fell for the third day in a row on Wednesday, with traders citing...

Published 25 Sep, 2020 02:45am

Grains

Euronext wheat falls after 5-month high

PARIS: Euronext wheat edged down on Wednesday as a sharp fall in Chicago encouraged Paris prices to consolidate ...

Published 25 Sep, 2020 02:45am

Commodities

PMEX daily trading report

KARACHI: On Wednesday, PMEX traded value of metals, energy, COTS/FX and indices was recorded at PKR 10.692 billion...

Published 25 Sep, 2020 02:45am

Commodities

Gold turns positive in NY

NEW YORK: Gold prices reversed course and turned positive early in New York trade on Thursday, after touching a...

Published 25 Sep, 2020 02:45am

Commodities

Palm oil drops

KUALA LUMPUR: Malaysian palm oil futures plunged 3.6% on Thursday to a near four-week low, as weaker rival oils,...

Published 25 Sep, 2020 02:45am

Commodities

Raw sugar up, arabica coffee recovers

LONDON: Raw sugar prices edged back up towards the previous session's one-month high on Thursday, boosted by worries...

Published 25 Sep, 2020 02:45am

Commodities

Copper prices tumble

LONDON: Copper fell to a one-month low on Thursday as the US dollar strengthened, sapping demand for commodities...

Published 25 Sep, 2020 02:45am

Cotton & Textile

Cotton futures gain

NEW YORK: ICE cotton futures edged higher on Thursday, after touching a two-week low earlier, as the dollar ...

Published 25 Sep, 2020 02:45am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 25 Sep, 2020 02:45am

Commodities

US corn, soya fall

CHICAGO: US corn and soyabean futures dropped to their lowest in more than a week on Thursday, with investors ...

Published 25 Sep, 2020 02:45am

Commodities

Tokyo rubber rises

TOKYO: Japan rubber futures rose on Thursday as fears over tighter supply prompted fresh buys after an industry ...

Published 25 Sep, 2020 02:45am

Energy

Oil prices steady

NEW YORK: Oil prices were steady on Thursday as a new wave of coronavirus cases in Europe led several countries to...

Published 25 Sep, 2020 02:45am

Dean Jones dies after heart attack

MUMBAI: Former Australia batsman and cricket commentator Dean Jones, who had been covering the Indian Premier League...

Published 25 Sep, 2020 02:45am

Legendary newspaper editor Harold Evans dies

LONDON: Crusading British newspaper editor Harold Evans has died in New York aged 92, his wife Tina Brown said...

Published 25 Sep, 2020 02:45am

'Pakistan emerging in S Asia as competitive automaker'

KARACHI: The local auto sector has built its capacity to become a competitive market in the region. These views ...

Published 25 Sep, 2020 02:45am

Military leadership: Nawaz bans party members from holding private meetings

ISLAMABAD: PML-N supremo Nawaz Sharif on Thursday said from now on no one from his party will hold individual,...

Published 25 Sep, 2020 02:45am

Leading businessmen meet PM

ISLAMABAD: A delegation of the leading investors and businessmen of the country met with Prime Minister Imran Khan ...

Published 25 Sep, 2020 02:45am

NAB arrests Fazl's close associate

PESHAWAR: National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested close associate of JUI-F chief ...

Published 25 Sep, 2020 02:45am

Exchange

KSE-100 Index slumps: BRIndex100 inches down

KARACHI: Pakistan Stock Exchange Thursday closed on a negative note due to selling by local and foreign investors....

Published 25 Sep, 2020 02:45am

Industry

Careem becomes remote-first company

KARACHI: Careem has become a Remote-First company and now Careem colleagues in 36 offices have the freedom to work...

Published 25 Sep, 2020 02:45am

Industry

No progress made in CPEC agriculture sector

ISLAMABAD: There has been no progress on the development of agriculture sector under China-Pakistan Economic ...

Published 25 Sep, 2020 02:45am

Industry

Expansion plan: Agha Steel to invest Rs 7 billion

KARACHI: Agha Steel Industries, under its second expansion plan, will invest some Rs7 billion to enhance its...

Published 25 Sep, 2020 02:45am

Industry

Britain launches fresh virus plan to protect jobs

LONDON: Britain on Thursday launched a coronavirus winter battle plan to protect jobs and boost the fragile economy,...

Published 25 Sep, 2020 02:45am

Money & Banking

Global economic outlook better than June prediction: IMF

WASHINGTON: The global economic outlook is less bleak than projected in June, an IMF spokesman said Thursday, ...

Published 25 Sep, 2020 02:45am

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