News Archives for Latest - 2020-09-28

BR Research

TERF: yielding good results

SBP came up with a number of concessionary financing schemes along with 625 bps cut in policy rate to stimulate the...

Updated 29 Sep, 2020 09:07am

Forex

Canadian dollar sell-off stalls as Wall Street rallies

Canadian dollar rises 0.1% against the greenback.
Loonie trades in a range of 1.3353 to 1.3403.
Price of US oil settles 0.9% higher.
Canadian bond yields trade mixed across a steeper curve.

Updated 29 Sep, 2020 01:15am

Forex

South Africa's rand firms on risk-taking, stocks jump

Earlier the rand had hit a session low of 16.9850, helped by an improvement in sentiment toward emerging markets after China reported strong industrial growth data.
If market players are left empty-handed with more questions than answers, this could spark a fresh wave of risk aversion that hits emerging market currencies and assets.

Published 28 Sep, 2020 11:30pm

Financial

Euro zone yields hover near lows as splits appear in ECB

German 10-year yield little changed near -0.52%.
ECB policymaker says recent euro rally is a worry.
Euro zone periphery govt bond yields.

Published 28 Sep, 2020 11:27pm

Energy

Oil steady as equities provide support, COVID-19 hits demand outlook

Firming dollar mitigates some losses.
Russian oil minister warns of resurgent COVID-19 risks.
Higher exports from Iran, Libya.

Published 28 Sep, 2020 11:26pm

Commodities

Copper gains capped by long-term prospects, higher stocks

Premium for cash over 3-month copper reverses to a discount.
Eyes on surveys of China's manufacturing sector.

Published 28 Sep, 2020 11:23pm

USA

Trump says he will approve permit for Canada to Alaska railway to free landlocked oil

It is my honor to inform you that I will be issuing a Presidential Permit for the A2A Cross-Border rail.
The $17 billion Alaska-Alberta Railway Development Corporation (A2A Rail) project, first proposed in 2015 by Canadian infrastructure financier Sean McCoshen.

Published 28 Sep, 2020 11:21pm

Commodities

Cotton rises to near 2-week high on technical buying, weak dollar

Cotton contracts for December rose 0.15 cent, or 0.2%, to 66.10 cents per lb,
Certificated cotton stocks deliverable as of Sept. 25 totaled 12,155 480-lb bales, up from 10,484 in the previous session.

Published 28 Sep, 2020 11:17pm

Sports

Italy's Serie A faces 500mn euro revenue shortfall, league boss says

To contain COVID-19 contagion, Italy's government has rejected a proposal to allow more spectators at sporting events.
As of now, Serie A is experiencing a shortfall of more than 500 million euros.

Published 28 Sep, 2020 11:15pm

Stocks

'Relief rally' pushes equity markets higher; bonds flat

MSCI world index jumps nearly 1.8%.
Dollar falls from two-month highs.
US Treasury yields hover near 0.66%.

Published 28 Sep, 2020 11:13pm

Commodities

Paris wheat follows US markets up, Russian drop caps gains

Benchmark December milling wheat on the Paris-based Euronext closed up 1.0 euro or 0.5% at 193.25 euros ($225.23) a tonne after falling to its lowest.
Chicago most active wheat was up more than 1% in early Monday trade.

Published 28 Sep, 2020 11:12pm

USA

After New York Times revelations, Trump says he paid millions in taxes

The Republican president responded to a New York Times report that he paid just $750 in federal income taxes in both 2016 and 2017.
I paid many millions of dollars in taxes but was entitled, like everyone else, to depreciation & tax credits.

Published 28 Sep, 2020 11:10pm

Sports

Serena working to reduce mental stress, expectation

The American won her 23rd major title at the Australian Open in 2017 before taking a break to give birth to her daughter.
You don't play that many perfect matches. That's one thing I've been working on in this off-season loosely.

Published 28 Sep, 2020 11:08pm

USA

Canada's Quebec expected to announce new restrictions as coronavirus cases rise

Quebec added 750 new coronavirus cases on Monday despite existing restrictions on mask wearing .
The Ontario Hospital Association called on the province to "intensify public health measures" in Toronto, Greater Toronto and Ottawa, given rising cases.

Published 28 Sep, 2020 11:07pm

Industry

United Airlines pilots accept deal to avert 2,850 furloughs

United will spread a drastically reduced flying schedule due to the coronavirus pandemic across its entire pilot base to save jobs.
In addition to avoiding furloughs, this agreement greatly enhances our ability to bounce back.

Published 28 Sep, 2020 11:04pm

World

New US COVID-19 cases rise in 27 states for two straight weeks

The United States recorded 316,000 new cases in the week ended Sept. 27, up 10% from the previous seven days and the highest in six weeks.
There are states that are starting to show (an) uptick in cases and even some increases in hospitalizations in some states.

Published 28 Sep, 2020 11:01pm

Currency

US must stand up to China if Biden wins, focus less on trade

A fiery critic of the Trump administration who writes a column for the New York Times, Krugman said the dispute over Chinese technology giant Huawei.
The US-China situation is complicated. On the one hand, the US has genuine complaints; on the other, there is very little support for Trump's trade war.

Published 28 Sep, 2020 10:58pm

USA

California wine country fire quadruples in size, more evacuations ordered

As the small city of Santa Rosa emptied out around him, Jas Sihota stationed himself on his front porch with his garden hose close at hand.
I wouldn't have a house if I didn't stay," said Sihota, adding that neither would some of his neighbors.

Published 28 Sep, 2020 10:51pm

Exchange

GM will repay $28mn to Ohio in tax incentives after closing plant

GM's agreement with the Ohio Tax Credit Authority also requires the Detroit automaker to pay $12 million for "community support programs" in the Mahoning Valley.
GM said in a statement the authority had recognized "GM's substantial manufacturing presence across the state of Ohio."

Published 28 Sep, 2020 10:54pm

Technology

How a temporary US ban could destroy TikTok

While ByteDance is still in talks with US investors, the White House and the Chinese government over how to structure the deal.
TikTok, in a court filing dated Sept. 23, provided an analysis of how even a temporary ban could affect its business.

Published 28 Sep, 2020 10:47pm

Technology

Study says Google market power has grown despite EU order to play fair

Hit with a 2.4-billion-euro ($2.8 billion) fine three years ago by the European Commission for the offence.
It (Google's proposal) has further strengthened Google's position on the national markets for comparison shopping services and has entrenched its dominance in general search.

Published 28 Sep, 2020 10:42pm

Kerb

Citigroup is fined $4.5mn by US CFTC for deleting subpoenaed audio recordings

The US Commodity Futures Trading Commission said the Nov. 2018 deletion of 2.77 million audio files included recordings of traders subpoenaed in Dec. 2017 for a probe.
The civil fine was imposed against Citibank NA, Citigroup Energy Inc and Citigroup Global Markets Inc.

Published 28 Sep, 2020 10:30pm

Business & Finance

US stocks gain ahead of economic data deluge

The broad based S&P 500 gained 1.2 percent to 3,337.45, while the tech-rich Nasdaq Composite Index gained 1.2 percent to 11,040.29.

Published 28 Sep, 2020 08:13pm

Pakistan

Governor assures industrialists for Fed Govt support

He said the government's policy to curb COVID-19 pandemic had been appreciated all over the world.

Published 28 Sep, 2020 08:10pm

Pakistan

Special package for dues payment of KDA employees to be sought: Nasir Shah

Nasir Shah said that Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari had directed to resolve the issues of employees salaries as well as pension on priority.

Published 28 Sep, 2020 08:09pm

Pakistan

CM reviews progress on economic zones projects

He was presiding over a meeting in his office on Monday to review progress on the establishment of special economic zones.

Published 28 Sep, 2020 07:49pm

Pakistan

Shehbaz Sharif's bail plea dismissed as he failed to satisfy court, says Faraz

Shahzad Akbar says PML-N president had been involved in “organised money laundering"

Published 28 Sep, 2020 07:55pm

Sports

Al-Nasr becomes first Arab club to sign Israeli footballer

Move comes less than two weeks after UAE normalised ties with Jewish state.

Published 28 Sep, 2020 07:54pm

Sports

Bangladesh tour of Sri Lanka called off over quarantine rules

Sri Lanka Cricket said the series, which is part of the inaugural ICC World Test Championship, would be rescheduled.

Updated 28 Sep, 2020 07:54pm

Pakistan

Bilawal, CM Sindh should stop lying to public regarding NFC share: Ali Zaidi

The minister said that Sindh Government Revenue budget last Fiscal Year were Rs. 280 billion; actual this FY Rs. 196 billion; declined by Rs. 84 billion.

Published 28 Sep, 2020 07:47pm

Pakistan

Aviation minister highlights importance of ‘Unmanned Aircraft Systems’ policy

The meeting that deliberated on the draft of the policy was attended by the participants from various ministries as well as provinces, an Aviation Division news release said.

Published 28 Sep, 2020 07:46pm

Pakistan

All educational institutions opened in Sindh province: Saeed Ghani

He said this while talking to school teachers and parents of different schools on the occasion of a surprise visit to public and private schools and colleges in different parts of Karachi.

Updated 28 Sep, 2020 07:46pm

Business & Finance

Sanofi picks up Principia Biopharma for $3.7 billion

That year, Sanofi secured an exclusive global licence to develop and market Principia Biopharma BTK'168 drug for treating multiple sclerosis and other central nervous system illnesses.

Published 28 Sep, 2020 07:34pm

Exchange

Pak Army officer martyred in South Waziristan

ISPR states that Captain Abdullah Zafar was leading his troops in Shakai area when terrorists opened fire on his patrolling party

Published 28 Sep, 2020 07:14pm

Money & Banking

ECB to publish opinions on conflicts of interest

8 From now on, we will publish on our website the opinions of the ECB Ethics Committee for cases of conflict of interest and post-mandate gainful employment.

Published 28 Sep, 2020 07:29pm

Europe

UK's Raab to visit Demilitarized Zone that divides the two Koreas

The so-called Demilitarized Zone which divides the Korean Peninsula was established in 1953.

Published 28 Sep, 2020 07:28pm

Europe

EU chair Germany proposes adherence to rule of law as key to getting bloc's cash

Liberal German EU lawmaker Moritz Korner, who leads the chamber's work on the matter, said Berlin was "cuddling" with eurosceptic, nationalist rulers in Warsaw and Budapest.

Published 28 Sep, 2020 07:25pm

USA

Mexico adds 608,000 jobs in August, unemployment 5.2%

In July, the unemployment rate was 5.4%, the statistics agency said. In March, the last period for which the survey was published, the rate was 2.9%.

Published 28 Sep, 2020 07:24pm

Stocks

TSX gains on energy boost, China optimism

Its gains were followed by methanol producer Methanex Corp , which gained 2.52%.

Published 28 Sep, 2020 07:22pm

World

Pelosi rallies US House Democrats on possible presidential election decision

She also urged Democrats to marshal resources to support the House Majority PAC, a political action committee committed to promoting Democratic candidates for the House.

Published 28 Sep, 2020 07:20pm

Forex

Canadian dollar finds some support as Wall Street rallies

Canadian government bond yields were mixed across a steeper curve, with the 10-year up about half a basis point at 0.549%.

Published 28 Sep, 2020 07:18pm

Energy

Oil steady as surging virus cases cloud demand outlook

Despite efforts by the Organization of the Petroleum Exporting Countries and their allies to limit output, more crude is being exported from OPEC producers Iran and Libya.

Published 28 Sep, 2020 07:17pm

Europe

Top Spain court upholds disqualification of Catalan president

The sentence disqualifies Torra from holding elected office for 18 months but he had been allowed to remain in power during the appeal process.

Published 28 Sep, 2020 07:13pm

Business & Finance

Uber wins London licence after appeal

In court, the judge said Uber had tightened up review processes over issues of document and insurance fraud.

Published 28 Sep, 2020 07:11pm

World

France's Macron ready to meet Belarus opposition leader

Belarus has been in turmoil since protests broke out last month after Tikhanovskaya lost to President Alexander Lukashenko in a vote she denounced as rigged.

Published 28 Sep, 2020 07:09pm

World

Karabakh clashes kill 28 more Armenian separatists

"Twenty-eight servicemen died in action" on Monday, Karabakh's defence ministry said in a statement on the second day of fighting.

Published 28 Sep, 2020 07:07pm

Erdogan tells Armenia to end 'occupation' of Karabakh

Turkey strongly backs Azerbaijan in the region and has historically poor relations with Armenia.

Published 28 Sep, 2020 07:05pm

Global coronavirus death toll passes one million

Along with the turmoil, though, lies some hope, with Wuhan now appearing to have controlled the disease.

Published 28 Sep, 2020 07:03pm

Europe

Croatian PM pays respect to Serb wartime victims

The victims were shot dead at close range in front of their homes nearly two months after the "Operation Storm", and no-one has been held accountable for the crime.

Published 28 Sep, 2020 07:00pm

Europe

Greece steps up refugee transfers from congested Lesbos

For its part France has offered to take in 500 minors from the camp.

Published 28 Sep, 2020 06:58pm

Business & Finance

US appeals WTO ruling in lengthy Canada lumber dispute

And on Monday, the US notified the body of its decision to appeal the panel report, according of a written version of comments made to a DSB meeting.

Published 28 Sep, 2020 06:55pm

Gilgit-Baltistan to emerge as Pakistan’s economic ‘base camp’ in coming days: Shibli

The minister said all the governments, who came to the power with public mandate, should be given an opportunity to complete tenures.

Published 28 Sep, 2020 06:46pm

Pakistan

Petroleum SAPM chairs meeting on building ‘Strategic Underground Gas Storages’

The project would also significantly enhance Pakistan’s capability to provide uninterrupted gas supply for sustainable economic growth.

Published 28 Sep, 2020 06:44pm

Pakistan

Bullion prices on Monday

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

Published 28 Sep, 2020 06:42pm

Pakistan

Gold prices decrease Rs100 to Rs111,300

The price of per tola as well as 10 gram silver remained unchanged at Rs. 1150 and Rs. 985.94 respectively.

Published 28 Sep, 2020 06:41pm

Pakistan

Pak Army played imperative role for establishing peace: Chohan

He said that Pak Army had thwarted the nefarious intentions of anti-national elements and made the country's defense invincible.

Published 28 Sep, 2020 06:36pm

Pakistan

Shahzad Akbar asks PPP to stop hiding behind victim card

The 265K appeals of Zardari had already been turned down by the courts and he was avoiding due course of law.

Published 28 Sep, 2020 06:35pm

Pakistan

Tea imports increase 34.77 percent in two months

The tea imports were recorded at $87.964 million during July-August (2020-21) as against imports of $65.258 million in July-August (2019-20), according to latest PBS data.

Published 28 Sep, 2020 06:32pm

Exchange

Rupee slides against dollar

The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 12 paisas and closed at Rs. 193.10 against the last day’s trading of Rs. 193.22.

Published 28 Sep, 2020 06:29pm

Pakistan

Zardari moves IHC to seek acquittal in fake account case

It prayed the court to acquit former president in these case and send the references back to chairman NAB so that the petitioner's name could be excluded from it.

Published 28 Sep, 2020 06:27pm

Bullion Rate

Bullion rates in Hyderabad gold market

Following were the bullion rates in Hyderabad gold market on Monday

Updated 28 Sep, 2020 06:27pm

Pakistan

Shehbaz arrested for not standing against Nawaz Sharif, says Maryam

PML-N President says former premier will soon return to Pakistan and will lead the party

Updated 28 Sep, 2020 05:56pm

Sports

Khyber Pakhtunkhwa and Southern Punjab eye National T20 Cup trophy

The two teams will be looking to better their performances from the last season’s edition, in which their journey was cut short to the semi-final stage.

Updated 28 Sep, 2020 05:55pm

Exchange

China central bank says it will keep liquidity ample, lower funding costs

The People's Bank of China will make monetary policy more flexible and targeted, the bank said in a statement after a meeting of its monetary policy committee.

Published 28 Sep, 2020 05:27pm

Commodities

Ivory Coast 2019/20 cocoa port arrivals seen at 2.074mn T by Sept. 27

About 2,000 tonnes of beans were delivered to Abidjan port and 4,000 tonnes to San Pedro between Sept. 21 to Sept. 27 for a total of 6,000 tonnes, up from 4,000 tonnes during the same week last year.

Published 28 Sep, 2020 05:22pm

World

Worldwide coronavirus cases cross 32.98 million, death toll at 994,217

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

Published 28 Sep, 2020 05:21pm

Europe

Merkel says German coronavirus infections could hit 19,200 a day

Merkel is due to hold a video conference with the premiers of German states on Tuesday to discuss how to proceed with the coronavirus crisis.

Published 28 Sep, 2020 05:18pm

Commodities

Copper gains capped by long term prospects, higher stocks

Prices of the metal used widely in the power and construction industries are down more than 4pc since hitting a 27-month high at $6,877.50 last week.

Published 28 Sep, 2020 05:16pm

Money & Banking

Bank of England's Ramsden sees 0.1pc as floor for rates

The BoE, seeking ways to help Britain's economy through the coronavirus crisis, said this month it would look at how it might be able to implement negative rates if they were needed.

Published 28 Sep, 2020 05:08pm

Govt will enforce new reforms to improve standard of health facilities in Peshawar: PM Imran

Imran says the quality of government hospitals used to be good but the later regimes neglected their importance

Updated 28 Sep, 2020 05:13pm

Pakistan

Fair, free elections will be held in Gilgit-Baltistan on Nov 15, says Gandapur

Minister says despite coronavirus pandemic and economic crisis, the government increased GB's budget for its development

Updated 28 Sep, 2020 05:09pm

Stocks

Indian shares end higher as banks surge on government support hopes

The broader NSE Nifty 50 index rose 1.6pc to 11,227.55 and the S&P BSE Sensex climbed 1.6pc to 37,981.63.

Published 28 Sep, 2020 05:06pm

Financial

Euro zone yields edge higher as economy hopes offset COVID concerns

The benchmark 10-year German bond yield rose 1 basis point (bp) to -0.512pc while other core euro zone bond yields were also 1-2 bps higher on the day.

Published 28 Sep, 2020 05:04pm

Africa

South Africa's post coronavirus economic recovery faces risks: Moody's

A recession deepened by the impact of the coronavirus has frustrated economic reform efforts in the country aimed at reducing government debt and attracting foreign investment.

Published 28 Sep, 2020 05:00pm

Europe

UK trade minister Truss says ‘serious issues’ at WTO

"There are serious issues at the World Trade Organisation in terms of the operation and countries following the rules which needs to be fixed," she said.

Published 28 Sep, 2020 04:55pm

Asia

Malaysia's PM secures leadership in key state after election win

The two sides eventually agreed on Hajiji Noor, from Muhyiddin's Bersatu party, after two days of meetings.

Published 28 Sep, 2020 04:52pm

Commodities

Corn, wheat fall ahead of USDA crop forecasts, soy flat

Chicago Board of Trade most-active corn fell 0.6pc to $3.62-3/4 a bushel at 1042 GMT, wheat was 0.6pc down at $5.41 a bushel. Soybeans edged up 0.05pc to $10.03 a bushel.

Published 28 Sep, 2020 04:50pm

Europe

Russia supplies Covid-19 vaccine to Belarus for clinical trials

Volunteers in Belarus would begin receiving the Russian vaccine from Oct. 1, the Russian Direct Investment Fund which is backing the vaccine developer, said.

Published 28 Sep, 2020 04:48pm

Forex

Dollar hovers near two-month high amid economic, political risks

The dollar index slipped to 94.21. It reached a two-month high of 94.745 last week and posted its biggest weekly rise since early April.

Published 28 Sep, 2020 04:45pm

Commodities

Jordan gets 2 participants in 120,000 tonne wheat tender

No purchase has yet been made and results are expected later on Monday, traders said.

Published 28 Sep, 2020 04:43pm

Europe

France has no plan to order a new coronavirus lockdown: minister

Le Maire was speaking at a news conference after a cabinet meeting.

Published 28 Sep, 2020 04:40pm

USA

Mexico's unemployment rate 5.2pc in August

In July, the unemployment rate was 5.4pc, the statistics agency said.

Published 28 Sep, 2020 04:39pm

Commodities

Palm oil ends flat; plans of fresh Malaysia curbs help prices

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed at 2,822 ringgit ($676.25) per tonne, unchanged from Friday's closing.

Published 28 Sep, 2020 04:37pm

Commodities

Raw sugar climbs to one-month high, arabica also up

March raw sugar ?was up 0.09 cent, or 0.7pc, at 13.60 cents per lb at 1113 GMT after climbing to a one-month peak of 13.62 cents.

Published 28 Sep, 2020 04:34pm

Business & Finance

Gold drops as equities rebound; Trump-Biden debate eyed

Spot gold fell 0.1pc to $1,858.55 per ounce by 1110 GMT. US gold futures were down 0.3pc to $1,861.10.

Published 28 Sep, 2020 04:24pm

Stocks

KSE-100 Index drops over 900 points, amid Shehbaz Sharif arrest

The KSE 100 Index stood at 40,740.95 points dropping by 960.28 points, showing a percentage change of negative 2.3 percent.

Published 28 Sep, 2020 04:24pm

Sports

Pakistan’s Rashid shatters India’s record of cracking walnuts with forehead

The martial arts expert cracked 254 walnuts to achieve the record.

Updated 28 Sep, 2020 03:48pm

Pakistan

Shehbaz Sharif is reaping what he had sown, says Sheikh Rasheed

Minister says Nawaz Sharif has decided to stay in London for the rest of his life

Updated 28 Sep, 2020 03:47pm

World

Trump's financial records show years of tax avoidance and fraud, reveals NYT report

A bombshell report by the New York Times made some startling revelations about President Trump’s self-proclaimed billionaire status, his penchant for avoiding federal taxes, his ties with autocratic governments abroad, and the poorly-managed nature of his business empire.

Updated 28 Sep, 2020 03:35pm

Technology

How much the upcoming iPhone 12 will cost?

With regards to the iPhone 12, leaks are coming out every day, while it is also being said that Apple will launch the iPhone 12 on October 13, 2020.

Published 28 Sep, 2020 03:15pm

NAB arrests Shehbaz Sharif after LHC rejects bail plea

NAB arrested him in the money laundering case.

Updated 28 Sep, 2020 03:06pm

Pakistan

Education, technical skills essential for uplift of tribal areas, says PM

Imran says government is devising strategy to promote tourism and trade in the region that would benefit not only the people of the region but also help improve economy

Updated 28 Sep, 2020 03:03pm

Exchange

Student visa services to resume from October 1, in a press release from U.S Embassy

In a press release earlier today, the United States Embassy in Islamabad announced that it will be resuming student visa services from October 1.

Published 28 Sep, 2020 02:52pm

Pakistan

Accused in Daniel Pearl murder case will not be released, orders SC

The top court accepted appeals of Sindh government for hearing against the acquittal of convicts and instructed the counsel to present the case facts in a sequence

Published 28 Sep, 2020 02:32pm

Sports

Criteria-based domestic player contract categories announced

From the 192 players, 10 have been awarded A Plus category.

Updated 28 Sep, 2020 02:41pm

Sports

Pirlo says Juventus are work in progress after Roma draw

Italian was a surprising choice to succeed Maurizio Sarri, as he had no previous coaching experience.

Updated 28 Sep, 2020 02:17pm

Sports

Liverpool boss Klopp not anticipating any further arrivals

The defending champions bolstered their squad with the signings of Thiago, Diogo Jota and Kostas Tsimikas.

Published 28 Sep, 2020 01:42pm

Exchange

Dr. Abdullah accompanies high-level delegation visit to Islamabad, amidst escalating violence in Afghanistan

Dr. Abdullah Abdullah is accompanying a high-level government delegation to Islamabad today for a three-day visit, where he will be expected to meet the Prime Minister, President, Chairman of the Senate, Speaker of the National Assembly, and Foreign Minister.

Updated 28 Sep, 2020 01:45pm

Sports

Messi back in scoring business in dream start for Koeman

Argentine led Barcelona to a resounding 4-0 win at home against Villarreal in a near-perfect La Liga opener.

Published 28 Sep, 2020 01:41pm

Peace in Afghanistan will bring prosperity to tribal areas, says PM

He said the government will provide all possible funds for the socio-economic development of tribal areas.

Updated 28 Sep, 2020 01:06pm

Court indicts Zardari, Talpur in money laundering case

Both have pleaded not guilty in the references.

Published 28 Sep, 2020 12:21pm

Money & Banking

SBP introduces modification in cloud-based outsourcing arrangements for FIs

The Board IT Committee shall approve all cloud-based outsourcing arrangements in line with the policy approved by the board.

Published 28 Sep, 2020 12:22pm

Cotton

Govt launches markup subsidy scheme for farmers to mitigate COVID impact

Under the scheme, the government would bear a markup 10pc on agricultural loan for Fiscal Year 2020-21 i.e. July 1, 2020 to June 30, 2021 and individual farmer shall bear balance mark up as per agreed terms.

Published 28 Sep, 2020 11:52am

Pakistan

Imran Khan is Pakistan’s best PM in last 15 years, finds survey

93.2% said PM Khan is better as compared to Nawaz Sharif, Shaukat Aziz and Yousuf Raza Gilani.

Published 28 Sep, 2020 11:28am

Business & Finance

Chairman CPEC urges investors to finance Faisalabad’s Medical City

Bajwa added that Special Economic Zones (SEZs) are our future for enhancing exports, import-substitution, and job creation.

Published 28 Sep, 2020 11:04am

World

Two million deaths possible from COVID-19 even with a vaccine, warns WHO

COVID-19 cases are rising again in many parts of the world

Published 28 Sep, 2020 10:57am

Pakistan assures support to Azerbaijan against Armenia

"We support Azerbaijan’s position on Nagorno-Karabakh, which is in line with the several unanimously adopted UN Security Council resolutions," FO said.

Published 28 Sep, 2020 10:57am

Business & Finance

China must prepare for 'long tech march' following U.S. restrictions on SMIC: Global Times

The unnamed author of an op-ed in the paper here argues that the U.S' dominance of the global semiconductor industry supply chain is a "fundamental threat" to China.

Published 28 Sep, 2020 10:36am

Business & Finance

Judge temporarily blocks U.S. ban on TikTok downloads from U.S. app stores

U.S. District Judge Carl Nichols granted a preliminary injunction sought by TikTok owner ByteDance to allow the app to remain available at U.S. app stores.

Published 28 Sep, 2020 10:34am

Business & Finance

Saudi Arabia sends world’s first shipment of Blue Ammonia to Japan

Some 40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan.

Published 28 Sep, 2020 10:21am

Primary, secondary schools resume operations in Sindh

Schools have reopened in Sindh despite Sindh Health Minister Dr Azra Fazal Pechuho's warning against opening this month.

Published 28 Sep, 2020 10:10am

BR Research

GIDC can hold urea sales

The Kharif season is all set to end on a flat note in terms of urea off-take, barring outlandish scenarios, the...

Published 28 Sep, 2020 08:58am

BR Research

Bringing rickshaws back

The way commercial vehicles are a dependable barometer for greater economic activity in the country, rickshaw sales...

Published 28 Sep, 2020 08:58am

Currency

NCPL in FY20

Nishat Chunian Power Limited (PSX: NCPL), a Nishat Group IPP announced financial performance for FY20 recently,...

Published 28 Sep, 2020 08:57am

BR Research

Interview with CEO, Pakistan Green Building Council

“For green buildings to go mainstream, local players must advocate energy-efficient products” Aqrab Ali Rana is...

Published 28 Sep, 2020 08:57am

World

Macron accuses Lebanon leaders of betrayal over govt failure

PARIS: French President Emmanuel Macron on Sunday accused Lebanon's leaders of betraying their promises over the...

Updated 28 Sep, 2020 04:08am

Pakistan

Around 7,000 candidates appear in UET’s entrance test

PESHAWAR: A total of 7,000 candidates appeared from across KP in the entrance test for academic session 2020 of the...

Updated 28 Sep, 2020 03:30am

Pakistan

Killing of Pakistani Hindus in India: Govt urged to take up issue with ICJ

ISLAMABAD: Patron in Chief of Pakistan Hindu Council and Member National Assembly from the ruling party Pakistan...

Updated 28 Sep, 2020 03:29am

Pakistan

Ziauddin University holds online convocation

KARACHI: Ziauddin University (ZU) conducted its first virtual convocation for the 17th graduating class of 557...

Updated 28 Sep, 2020 03:28am

Pakistan

Army, govt on same page: governor

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar in a meeting with Federal Minister of Science and Technology Fawad...