News Archives for Latest - 2020-10-02

Currency

Slowing US job growth leaves nearly 4 million Americans permanently unemployed

Nonfarm payrolls increase 661,000 in September.
Unemployment rate falls to 7.9% from 8.4%.

Published 02 Oct, 2020 11:49pm

Technology

US appeals judge's ruling to block WeChat app store ban

The government said it was appealing to the 9th US Circuit Court of Appeals the Sept. 19 preliminary junction issued by US Magistrate Judge Laurel Beeler.
Lawyers for the US WeChat Users Alliance, the group behind the legal challenge to the WeChat ban.

Published 02 Oct, 2020 11:36pm

Companies

Tesla to acquire German battery assembly maker

ATW, a subsidiary of Canadian ATS Automation Tooling Systems Inc, was on the brink of liquidation due to a slump in orders.
ATW, based in western Germany, has about 120 employees and has completed more than 20 battery production lines for international automakers.

Published 02 Oct, 2020 11:33pm

Commodities

Gold holds above $1,900 on Trump COVID news, set for best week in eight

Gold up 2.3% this week.
President Trump "not incapacitated" - White House.
US job growth slowed more than expected in September.

Published 02 Oct, 2020 11:17pm

Commodities

Cotton falls as Trump tests positive for COVID-19; eyes weekly decline

Cotton contracts for December fell 0.11 cent, or 0.2%, to 65.80 cents per lb.
Global equity markets slumped and oil prices dipped after Trump's positive test news.

Published 02 Oct, 2020 11:13pm

USA

Trump shows COVID-19 symptoms as positive test rocks White House, campaign

Trump and wife Melania begin quarantine.
President to continue working – aides.
Trump sidelined from in-person events weeks before election.

Published 02 Oct, 2020 11:03pm

Sports

Ruthless Nadal charges into French Open last 16

The second seed, looking to extend his record to 13 titles at Roland Garros and hoping to match Roger Federer's record of 20 men's Grand Slam singles titles.
The scoreline is because I did a lot of good things, I went to the net more often, I was more aggressive.

Published 02 Oct, 2020 11:00pm

Technology

Headwinds for Google as rivals, customers criticise Fitbit concessions

Alphabet's Google last week offered to restrict the use of Fitbit data for Google ads and to monitor the process closely.
Some rivals and customers, however, plan to tell the EU competition enforcer to ask for more, the people said.

Published 02 Oct, 2020 10:59pm

Energy

Venezuela's oil exports hit 5-month high ahead of wind-down

The Maximo Gorki, carrying 2 million barrels of heavy crudes for an undisclosed customer in Fujairah.
Iran and Venezuela, both under US sanctions, have increased cooperation this year, especially in the oil trade.

Published 02 Oct, 2020 10:56pm

Europe

IMF sees Greek economy shrinking by 9.5pc in 2020

Greece emerged from its third international bailout in 2018, after a decade-long debt crisis.
The country will register a 6.75% of GDP primary budget deficit this year due to both lower economic activity and the government's stimulus measures.

Published 02 Oct, 2020 10:53pm

Energy

US drillers add oil and gas rigs for third week in a row

The oil and gas rig count, an early indicator of future output, rose five to 266 in the week to Oct. 2.
US oil rigs rose six to 189 this week, their lowest since the week to June 19.

Published 02 Oct, 2020 10:47pm

Stocks

Stocks fall, dollar gains after Trump gets coronavirus

Stocks fall, oil slumps after Trump gets virus.
US payrolls disappoint, adding to bearish sentiment.
Dollar holds gains, oil currencies fall on tumbling crude.
Gold holds above $1,900 an ounce but heads lower.

Published 02 Oct, 2020 10:38pm

Pakistan

There is no threat to govt from opposition's movement, says PM

Imran says the army is with the democratic government within the constitutional limits

Published 02 Oct, 2020 07:50pm

Pakistan

FM pens tribute to late Kuwait Emir in embassy's condolence book

The Foreign Minister offered Fateha for the late Emir of Kuwait and prayed for the blessings upon the departed soul.

Published 02 Oct, 2020 08:05pm

Pakistan

ECC allows import of 0.18 million tons wheat from Russia

In terms of import 430,000 tons has already been imported by the private sector and another 1.1 million ton was expected to be imported by the end of December 2020.

Published 02 Oct, 2020 07:55pm

Pakistan

Hafeez Shaikh briefed on ERP software

The Country Director briefed the Adviser Finance on the operations of the Company and how it is providing services in 180 countries of the world.

Published 02 Oct, 2020 07:54pm

Pakistan

Polio campaign to start from Oct 5

As many as 1,381,750 children up to the age of five years will be administered anti-polio drops in district Faisalabad.

Published 02 Oct, 2020 07:52pm

Pakistan

Gov't to crackdown against SOP violations in restaurants, marriage halls: Asad Umar

Meanwhile around six marriage halls and 103 restaurants have been closed in Karachi due to non compliance of health guidelines and Coronavirus prevalence in their premises.

Published 02 Oct, 2020 07:50pm

Exchange

Rupee continues bullish trend

The State Bank of Pakistan reported that in interbank trading, the price of euro depreciated by 80 paisas and closed at Rs. 192.75 against the last day’s trading of Rs. 193.55.

Published 02 Oct, 2020 07:48pm

Pakistan

Hot, dry weather likely to persists during next 24 hours: PMD

However, light rain expected in few districts of Gilgit-Baltistan, a MET office reported.

Published 02 Oct, 2020 07:47pm

Europe

Coronavirus curbs evoked East Germany memories: Merkel

"We learned to improvise and we always managed well despite many shortages. These are skills that are useful today too."

Published 02 Oct, 2020 07:46pm

Pakistan

CM Sindh urges for issuance of NOC to MPCL for exploration in Jamshoro

The delegation members were Managing Director Mari Gas Faheem Haider, General Manager Brigadier Obaid-ur-Rehman and General Manager Tufail Khoso.

Published 02 Oct, 2020 07:45pm

Middle East

Amnesty urges Egypt to release detainees after rare protests

Egyptians took to the streets in several villages across the country from mid-September, according to videos shared widely on social media, especially by sympathisers of the outlawed Muslim Brotherhood.

Published 02 Oct, 2020 07:44pm

Pakistan

Imam terms anti locust operations by NLCC exemplary

As per forecast, in Southwest Asia, the situation continues to improve as the seasonal monsoon withdraws from the summer breeding areas along both sides of the Indo-Pakistan border.

Published 02 Oct, 2020 07:41pm

Europe

Anger from Moscow, Minsk as EU sanctions Belarus

Lukashenko is the most glaring omission from the sanctions list.

Published 02 Oct, 2020 07:42pm

Business & Finance

Tesla reports big jump in car deliveries in 3Q

Ford pointed to strong demand for its F-series pickup trucks and other larger vehicles.

Published 02 Oct, 2020 07:40pm

Pakistan

Sindh CM condoles with former Ambassador to UAE

He also offered Fateha and prayed to Almighty Allah to rest the departed soul in eternal peace and soothed with kind words to the bereaved family.

Published 02 Oct, 2020 07:39pm

USA

Supreme Court nominee Barrett tested negative for Covid-19: W.House spokesman

Trump, who has tested positive, stood alongside Barrett as he announced her nomination at the White House last Saturday.

Published 02 Oct, 2020 07:37pm

Pakistan

Effective measures against COVID-19 producing results: CM

He said that 1,263,117 tests had been conducted in the province and 11,722 tests were carried out during the last 24 hours.

Published 02 Oct, 2020 07:37pm

Pakistan

President for developing centralized national database on all diseases

The President made these remarks while chairing a meeting regarding data collection on Breast Cancer in Pakistan, a press release issued by the President’s Media Office here said.

Published 02 Oct, 2020 07:35pm

Pakistan

Gold prices increases Rs300

The price of per tola and ten gram silver remained stagnant at Rs. 1200 and Rs. 1028.80 respectively.

Published 02 Oct, 2020 07:32pm

Pakistan

IHC issues written order in Muragzar Zoo's animals shifting case

The decision further said the animal had faced a lot of miseries during their exhibition in zoo, adding it was violation of the law to keep the animals in unnatural environment.

Published 02 Oct, 2020 07:30pm

Pakistan

Bullion prices on Friday

Following were the bullion prices in Karachi on Friday.

Published 02 Oct, 2020 07:29pm

Pakistan

NAB achieves best conviction ratio in corruption references: Chairman

The chairman said that bureau was committed to the logical disposal of mega corruption white collar crime cases which is a challenging task but NAB was determined to bring the corrupt to justice.

Published 02 Oct, 2020 07:29pm

Pakistan

CM announces compensation package for blast victims

The Chief Minister's Secretariat has issued a letter to the Home Department to take necessary steps in this regard.

Published 02 Oct, 2020 07:25pm

Business & Finance

US stocks open down after Trump Covid-19 diagnosis, jobs data

A couple of minutes into trading, the Dow Jones Industrial Average was down 1.2 percent at 27,485.51.

Published 02 Oct, 2020 07:24pm

Pakistan

PM fully cognizant of people's problems: Governor

"You need to be supported in realization of your professional responsibilities without any compromise to your dignity," said the Governor of Sindh.

Published 02 Oct, 2020 07:22pm

Currency

NAB writes ECP, SECP, FBR to get details of Nawaz Sharif's assets

The accused was owning Rs. 612,000 in his five bank accounts while his foreign currency accounts had 566 eurou, 698 US dollars and 498 Brithish pounds.

Published 02 Oct, 2020 07:20pm

Pakistan

CM orders plan for repair, maintenance of shrines

The meeting decided to reserve the passageway for pedestrians and to ensure smooth flow of traffic around Data Darbar, the basement area will be reserved for parking.

Published 02 Oct, 2020 07:19pm

Pakistan

Govt to take strict action against flour mills over inflated prices: Fazl Hakim

Chairman DDAC directed the food department to stop the government quota for the flour mills if they refuse to observe the government rate.

Published 02 Oct, 2020 07:16pm

Stocks

Australian shares end over 1pc lower after Trump tests positive

Equity markets, especially pro-cyclical ones such as Australia, are expected to be outperformed by gold, the US dollar, and the US treasuries, he added.

Published 02 Oct, 2020 07:14pm

Europe

Spain's September jobless falls by 0.69pc m/m to 3.8mn

There were about 13,907 more jobless people in Spain in September than in the same month in 2019.

Published 02 Oct, 2020 07:13pm

World

The United States and Pakistan partner under the Hague Abduction Convention

Pakistan and the United States have initiated a bilateral partnership under the Hague Abduction Convention, in an effort to uphold a “shared commitment to protecting children in cases of international parental child abduction”.

Published 02 Oct, 2020 07:09pm

Forex

Kenya's shilling seen under pressure from importers

At 0701 GMT, commercial banks quoted the shilling at 108.45/65, compared with Thursday's close of 108.40/60.

Published 02 Oct, 2020 07:12pm

Energy

LNG-Asian spot LNG prices rise above $5/mmBtu on firm demand

The average LNG price for November delivery into northeast Asia was estimated at about $5.20 per million British thermal units (mmBtu), up 30 cents from the previous week, the sources said.

Published 02 Oct, 2020 07:10pm

Forex

South Africa's rand falters after Trump tests positive for coronavirus

At 0645 GMT the rand was 0.6pc weaker at 16.7000 per dollar from a close of 16.6000 overnight, halting a recovery that has seen the unit gain around 4pc this week.

Published 02 Oct, 2020 07:08pm

Stocks

Tokyo Stock Exchange wraps up busy session after recovering from outage debacle

The market had opened on a positive note, with traders expressing relief that the shutdown was hardware-related rather than a cyber attack.

Published 02 Oct, 2020 07:06pm

Pakistan

PEMRA bars channels from covering Motorway rape case

Media regulatory authority states that airing of content related to the investigation of the case will diminish "the evidentiary worth of the material collected by the prosecution"

Updated 02 Oct, 2020 07:07pm

Commodities

CBOT wheat may fall into $5.43-1/4 to $5.54-1/4 range

The lower trendline of the pattern points at a target of $5.43-1/4, the 61.8pc projection level of the uptrend from $4.97.

Published 02 Oct, 2020 07:04pm

Commodities

New York cocoa may retest support at $2,475

The contract is riding on a wave c from $2,640. Five smaller waves make up the wave c. So far, only four waves have unfolded.

Published 02 Oct, 2020 07:02pm

Forex

Rouble weakens, Sberbank and Aeroflot shares fall

At 0727 GMT, the rouble was 0.9pc weaker against the dollar at 78.04, heading back towards 79.9750 which it touched on Tuesday and was the weakest level since March.

Published 02 Oct, 2020 07:01pm

Business & Finance

Trump, Paris coronavirus alert hit European stocks

The pan-European STOXX 600 fell 0.5pc, although pulling back from early losses of as much as 1.1pc.

Published 02 Oct, 2020 06:59pm

Pakistan

Pakistani cop wins UN’s best police officer of Asia award

Sajjid Khan was awarded for his services for the UN peacekeeping mission in Kosovo.

Updated 02 Oct, 2020 07:00pm

Forex

Yen jumps after Trump catches COVID-19, rattles financial markets

Trump said on Twitter that he and his wife Melania had COVID-19 and would begin quarantine and recovery immediately.

Published 02 Oct, 2020 06:56pm

Asia

Indonesia reports 4,317 new coronavirus infections, 116 deaths

The Southeast Asian nation also reported 116 additional deaths, bringing the total number of fatalities to 10,972.

Published 02 Oct, 2020 06:55pm

Financial

Italy's 10-year yield hits record low, Trump underpins euro zone bonds

Investors will pour over the first estimate of euro zone inflation for September to gauge just how weak the euro zone economy is amid signs of divisions with the European Central Bank.

Published 02 Oct, 2020 06:53pm

Europe

Russia does not have immediate plans to reimpose nationwide COVID lockdowns, Kremlin says

Russia reported 9,412 new coronavirus cases on Friday, its highest daily tally since May 23, pushing the national total to 1,194,643.

Published 02 Oct, 2020 06:52pm

China

Amid COVID-19, Pakistan India and China to become “world’s surveillance hotspot”, warns report

According to a new Right to Privacy Index report, “China and Pakistan are among the nations with a worsening track record of violating citizens privacy”, with Asia being one of the highest-risk regions in the world for breaches of privacy, surveillance, and curbing political liberties.

Updated 02 Oct, 2020 06:53pm

Commodities

Ukraine has produced 92,600 T of white sugar from beet so far in 2020/21

The union said previously that output of white sugar is likely to fall by 15pc in 2020 to around 1.2 million tonnes.

Published 02 Oct, 2020 06:50pm

World

WHO boss wishes Trump full and speedy COVID-19 recovery

"My best wishes to President @realDonaldTrump and @FLOTUS for a full and speedy recovery," Tedros Adhanom Ghebreyeusus said in a Tweet.

Published 02 Oct, 2020 06:49pm

Forex

Sterling opens higher as UK, EU continue Brexit talks

Significant issues remain between Britain and the EU Union about their post-Brexit trade relationship, British housing minister Robert Jenrick said on Friday.

Published 02 Oct, 2020 06:47pm

Europe

Brexit trade talks to go on until mid-October EU summit

This week's round of negotiations between the EU and London on a new trade agreement after Brexit, the last scheduled, failed to resolve all the outstanding issues, the sources said.

Published 02 Oct, 2020 06:46pm

Industry

Honda to quit F1 to focus on zero-emission technology

Honda, which returned to F1 in 2015 in partnership with the Red Bull Racing team, will instead accelerate development of zero-emission technologies such as fuel cells and batteries.

Published 02 Oct, 2020 06:45pm

Europe

Turkey says parts of EU summit decisions divorced from reality

At the summit, EU leaders broke a diplomatic deadlock and imposed sanctions on Belarus, while assuring Cyprus the bloc would punish Turkey if it continues oil and gas drilling in disputed areas.

Published 02 Oct, 2020 06:44pm

Stocks

London stocks follow Europe lower as Trump tests positive for COVID-19

The blue-chip FTSE 100 index fell 0.5pc and was on track to end the week roughly flat after two weeks of losses.

Published 02 Oct, 2020 06:41pm

Forex

Ugandan shilling firms on commodity dollar inflows

At 0811 GMT, commercial banks quoted the shilling at 3,703/3,713 per dollar, compared with Thursday's close of 3,710/3,720.

Published 02 Oct, 2020 06:39pm

Currency

ECB must prepare to issue a digital euro, Panetta says

The ECB gave itself until the middle of next year to decide whether to go forward with the project, which is now open for public consultation.

Published 02 Oct, 2020 06:37pm

Pakistan

FIA officer suspended after Shireen Mazari's daughter attacks him on Twitter

“Service of Muhammad Asif Iqbal, assistant director/senior investigator (BPS-17) cybercrime reporting centre Lahore is hereby placed under suspension with immediate effect till further orders,” FIA notification reads.

Updated 02 Oct, 2020 06:38pm

Europe

Germany approves third trial of COVID-19 vaccine candidate

Hundreds of potential COVID-19 vaccines are in various stages of development, with 41 prospects in human trials across the globe.

Published 02 Oct, 2020 06:35pm

USA

US Pompeo says reconsidering his trip to Asia

Pompeo said that both he and his wife tested negative on the plane 20 minutes prior to landing in Dubrovnik. He said he last saw Trump in person on Sept. 15.

Published 02 Oct, 2020 06:33pm

Commodities

Russia's gold production falls to 215 T in Jan-Aug

The country also produced 594.99 tonnes of silver during the first eight months of the year, a figure lower than the 634.84 tonnes produced over the same period last year.

Published 02 Oct, 2020 06:31pm

Europe

Germany's Merkel wishes Trump and his wife speedy recovery

Trump said earlier on Friday that he and his wife Melania had tested positive for COVID-19 and were going into quarantine, upending the race for the White House.

Published 02 Oct, 2020 06:22pm

Asia

Malaysia reports 287 new coronavirus cases, biggest daily jump

The Southeast Asian country has reported a total of 11,771 cases of the virus so far, including 136 deaths.

Published 02 Oct, 2020 06:21pm

Europe

Merkel to meet with Belarus opposition's Tsikhanouskaya

The meeting comes after Tsikhanouskaya met French President Emmanuel Macron on Tuesday in Vilnius, the highest-profile Western leader to meet the exiled opposition leader.

Published 02 Oct, 2020 06:20pm

World

Worldwide coronavirus cases cross 34.31 million, death toll at 1,018,208

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

Published 02 Oct, 2020 06:18pm

Energy

UK GAS-Prices drop on oversupply, weaker energy complex

Oil prices were down 3pc on Friday on news of the President's COVID-19 test result, and as negotiators failed to agree a US stimulus package.

Published 02 Oct, 2020 06:16pm

Currency

Copper hits seven-week lows after Trump tests positive for coronavirus

Benchmark Copper on the London Metal Exchange (LME) was down 0.9pc at $6,330 a tonne at 1000 GMT.

Published 02 Oct, 2020 06:13pm

Europe

Tunisia reports daily coronavirus record of 1308 cases

The total number of cases has jumped to around 20,000 compared with roughly 1,000 cases before the country's borders were opened on June 27.

Published 02 Oct, 2020 06:11pm

Companies

Gold gains after Trump tests positive for coronavirus

Spot gold edged up 0.1pc to $1,907.22 an ounce by 1014GMT, reversing losses from early Asian trade to climb back above $1,900. U.S. gold futures eased by 0.1pc to $1,914.70.

Published 02 Oct, 2020 06:07pm

Pakistan

PIA sacks 29 employees as part of reforms and accountability process

Seven staff members were fired for possessing fake degrees, while six over corruption charges

Updated 02 Oct, 2020 06:11pm

World

NATO's Stoltenberg wishes Trump, wife ‘speedy recovery’

"My best wishes to @realDonaldTrump and @FLOTUS. I hope they both have a speedy recovery from COVID-19," Stoltenberg wrote on Twitter, using the handles of Trump and his wife.

Published 02 Oct, 2020 06:03pm

Commodities

SOFTS-Arabica coffee hits two-month low, sugar and cocoa also down

December arabica coffee fell by 1.35 cents, or 1.3pc, to $1.0570 per lb by 1016 GMT after touching a more than two-month low of $1.0560.

Published 02 Oct, 2020 06:00pm

Industry

Uber Freight raises $500mn, valuation rises to $3.3bn

The ride-hailing firm said it would maintain majority ownership of Uber Freight, and use the funds to scale its logistics platform and increase product innovation.

Published 02 Oct, 2020 05:57pm

Commodities

Palm falls over 2pc on cheaper crude after Trump tests positive for COVID-19

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 2.8pc lower to 2,715 ringgit ($652.33) a tonne.

Updated 02 Oct, 2020 05:57pm

Business & Finance

Enhancing Financial Inclusion through Pakistan Post

State Bank’s new Staff Note explores Pakistan Post’s potential in enhancing financial inclusion in Pakistan.

Updated 02 Oct, 2020 05:31pm

Money & Banking

SBP allows banks to process banknotes through PCSIR certified machines

The fourteen (14) day quarantine for banknotes was introduced in line with the international practices and World Health Organization (WHO) guidelines.

Published 02 Oct, 2020 04:40pm

Pakistan

Govt ‘conditionally’ allows opposition to stage protests

PML-N has called to stage protests against arrest of party president Shehbaz Sharif.

Updated 02 Oct, 2020 04:38pm

Europe

Poland's daily virus cases exceed 2,000 for first time

New restrictions were announced for the worst-affected areas on Tuesday, with the government saying restaurants and bars would have to close by 10 p.m.

Published 02 Oct, 2020 04:27pm

Oil drops 4pc after Trump's positive coronavirus test

Brent crude slipped on the Trump news and was down $1.67, or 4.1pc, at $39.26 a barrel by 1038 GMT. US oil was down $1.62, or 4.2pc, at $37.10.

Published 02 Oct, 2020 04:25pm

Business & Finance

Walmart expects to post $2.5bn non-cash loss on Asda sale

Walmart earnings are expected to be diluted by about 25 cents per share in the first full year following the completion of the transaction - expected in the first half of fiscal 2022.

Published 02 Oct, 2020 04:22pm

Europe

UK PM Johnson says sure Trump will stage ‘a very strong recovery’

"Obviously I think we all want to send our best wishes to the president and the first lady and I've done that this morning as you can imagine,"

Published 02 Oct, 2020 04:21pm

Forex

Dollar holds gains, oil currencies fall after Trump positive COVID test

The yen made its sharpest gain in more than a month to reach a one-week high of 104.95 and was last up 0.4% on the day.

Published 02 Oct, 2020 04:19pm

Europe

Putin says Trump's 'inherent vitality' will see him through COVID-19

Russia's ties with the United States remain strained over many issues, from arms control to the conflict in Syria, as well as allegations of Russian interference in US politics, something Moscow denies.

Published 02 Oct, 2020 04:16pm

World

China says it hopes US president Trump will recover soon

Trump said on Friday that he and his wife were going into quarantine after their positive tests.

Published 02 Oct, 2020 03:58pm

Business & Finance

Pakistan to import 0.180 MMT of wheat from Russia to increase supplies

The government-owned Pakistan Agricultural Storage & Services Corporation Ltd (PASSCO), has been nominated as a procurement agency.

Published 02 Oct, 2020 04:07pm

Pakistan

Ravi Riverfront project will be completed within stipulated time, says PM

Imran says project will help boost economic activities and cater to the needs of Lahore's burgeoning population

Published 02 Oct, 2020 03:51pm

Pakistan refutes reports of Pakistan Army fighting alongside Azerbaijan

FO said that the report is baseless, adding that such reports are 'irresponsible'.

Updated 02 Oct, 2020 04:00pm

Business & Finance

First tech co to go public in Pakistan in five years

Octopus Digital will be the first technology company to go public in Pakistan in five years.

Published 02 Oct, 2020 03:11pm

Pakistan

PPP to hold public rally in response to MQM-P's march on Oct 4, announces Ghani

Minister says PPP government has planned to file a petition against the Baldia factory tragedy case verdict as some of those involved in the incident were not awarded punishment

Published 02 Oct, 2020 03:11pm

World

On International Day for Non-Violence, Guterres pleads international community to “stop the fighting and focus on our common enemy: COVID-19”

Secretary-General of the United Nations Antonio Guterres appealed to the international community to call for a global ceasefire, especially in the midst of a crippling pandemic.

Published 02 Oct, 2020 02:50pm

Pakistan

GB’s govt to rely on police, paramilitary forces to ensure security, transient election

The GB Assembly polls are scheduled to take place on November 15.

Published 02 Oct, 2020 02:40pm

Pakistan

Nawaz’s policy of confrontation is not in Pakistan’s interest, says expelled PML-N leader

Mian Jalil Ahmed Sharaqpuri said it is not illegal to meet the Punjab CM and said that even I can ask mujhe kyun nikala? (Why was I removed?).

Published 02 Oct, 2020 02:14pm

Former K-Electric chief Tabish Gauhar appointed SAPM on power

He has replaced Shahzad Qasim

Updated 02 Oct, 2020 02:27pm

Pakistan

Qureshi praises Emir of Kuwait's role in strengthening relations between Pakistan and Kuwait

The foreign minister also recorded his impressions in the condolence book at the Embassy

Published 02 Oct, 2020 02:08pm

Pakistan

PM Imran, CM Buzdar discuss strategy to tackle anti-govt protests

PML-N announce to hold phase-wise protests from October 3.

Published 02 Oct, 2020 02:05pm

President Trump and First Lady test positive for coronavirus

We will begin our quarantine and recovery process immediately, Trump said.
For months, Trump has downplayed the threat of the coronavirus.

Updated 02 Oct, 2020 12:35pm

Technology

Windows 10 upcoming upgrade to warn users of imminent SSD failure

That is, if a user's SSD reaches the end of its life or is close to error, users will receive a warning message that will give them time to save their data.

Published 02 Oct, 2020 12:32pm

Saudi Arabia to allow 6000 visitors a day to perform Umrah

Saudi Arabia announced fresh measures for the upcoming annual Umrah pilgrimage, which was suspended due to the outbreak of the COVID-19 pandemic.

Published 02 Oct, 2020 12:02pm

Life & Style

Chrissy Teigen and John Legend grieve their miscarriage

Revealing they had chosen the name Jack, the model and the musician wrote of their love for their lost son, who would have been their third child.

Published 02 Oct, 2020 11:52am

Business & Finance

After August hammering, Pakistan exports post 6pc growth in September

The advisor urged the exporters that besides executing current orders, they should pursue more orders from existing markets and reach out to untapped markets.

Published 02 Oct, 2020 11:39am

NCOC orders crackdown against restaurants, marriage halls violating coronavirus SOPS

Asad Umar said restaurants and marriage halls are emerging as high contributors to coronavirus spread.

Published 02 Oct, 2020 11:18am

Commodities

Oil falls further as Trump tests positive for COVID-19

Brent crude slipped on the news and was down 78 cents, or 1.9%, at $40.53 a barrel at 0516 GMT. U.S. oil was 79 cents, or 2%, lower at $37.93.

Published 02 Oct, 2020 11:19am

Business & Finance

Govt revises key features of Kamyab Jawan YES

As per the revision, all citizens of Pakistan holding CNIC, aged between 21 and 45 years with entrepreneurial potential are eligible.

Published 02 Oct, 2020 11:05am

Business & Finance

CAA issues new rules for passengers entering from UAE

The new Pakistan Civil Aviation rules will continue to apply until December 31, 2020.

Published 02 Oct, 2020 10:42am

Currency

Asian markets mixed in early trade, Tokyo reopens after trading glitch

U.S. markets kicked off the fourth quarter closing higher on Thursday while the dollar sank, as investors tracked stimulus talk updates throughout the day.

Published 02 Oct, 2020 10:23am

Business & Finance

Slower U.S. job gains anticipated; permanent unemployment in focus

The Labor Department’s closely watched employment report on Friday will be the last before the fiercely contested Nov. 3 presidential election for which the economic blow from the pandemic has been a top issue.

Published 02 Oct, 2020 10:20am

BR Research

Kohat and Pioneer: in losses

Kohat (KOHC) and Pioneer (PSX: PIOC) are now two more cement companies recording losses in FY20—with Kohat, the...

Updated 02 Oct, 2020 10:15am

Currency

Dollar climbs as Trump quarantines and stimulus stalls

The dollar index rose 0.2%, though it remains set for its softest week in more than a month as stimulus hopes stoked appetite for riskier assets earlier in the week.

Published 02 Oct, 2020 10:11am

BR Research

Gas tariffs: Confusion galore

The price freeze is over. The gas prices will go up. That bit is crystal clear from the news that managed to come ...

Published 02 Oct, 2020 08:33am

Cotton

Sugar year MY21: a sneak peek into the future

The sugar industry’s two-year long happy hour is finally ending. This appears to be the consensus view, at least...

Published 02 Oct, 2020 08:33am

BR Research

Gas shortage just around the corner

Alarm bells start ringing as winters approach. Only this time, the gas shortage is likely to be much grimmer than ...

Published 02 Oct, 2020 08:32am

BR Research

Interview with Hussain Agha, CEO Agha Steel Industries

“Our new technology will revolutionize steel production” Over the past week, the buzz around Agha steel is...

Published 02 Oct, 2020 07:30am

Stocks

Tech shares lead as Wall Street monitors stimulus talks

The Dow Jones Industrial Average edged up 0.1 percent to 27,816.90, while the broad-based S&P 500 climbed 0.5 percent to 3,380.80.

Published 02 Oct, 2020 04:19am

World

Putin, Trump, Macron urge 'immediate' ceasefire in Karabakh

PARIS: The presidents of Russia, the United States and France called Thursday for a ceasefire in the Nagorny ...

Updated 02 Oct, 2020 04:15am

Europe

Giant black hole discovered

PARIS: Astronomers have discovered six galaxies ensnared in the cosmic "spider's web" of a supermassive black hole...

Updated 02 Oct, 2020 04:15am

Opinion

The missing role of government in markets

The extractive institutional design, perpetuated under the garb of neoliberal thought process and created by the...

Updated 02 Oct, 2020 03:31am

Opinion

How the year 2020 confounded Wall Street strategists

Bank of America Corp's strategists cut their year-end forecasts for the S&P 500 index twice this year, trailing...

Updated 02 Oct, 2020 03:30am

Opinion

PARTLY FACETIOUS: Thinking macro not micro

"The war of the narratives has gathered momentum and you know what?" "I really don't want to know, I am sick and...

Updated 02 Oct, 2020 03:29am

Exchange

FBR's Tax Directory 2018 Analysis - I: Startling facts & fallacies

Reference two-part series (FBR's statistics: a critical analysis-I, Business Recorder, September 25, 2020 and FBR's...

Updated 02 Oct, 2020 03:25am

Letters

Shameful acquittal of criminals

That India's judiciary has lost its credibility and sense of justice is a fact that has found its best expression...

Updated 02 Oct, 2020 03:24am

Pakistan

Rabi 2020-21: IRSA approves anticipated water availability criteria

ISLAMABAD: The advisory committee of the Indus River System Authority (IRSA) has approved the Rabi 2020-21...

Updated 02 Oct, 2020 03:06am

Pakistan

Al-Arabia Sugar Mills pays Rs261m dues to cane growers

LAHORE: Complying with the orders of the Cane Commissioner Punjab office, Al-Arabia Sugar Mills Limited, reportedly...

Updated 02 Oct, 2020 03:06am

Pakistan

NA panel directs ministry to ensure full water quota for Balochistan

ISLAMABAD: A parliamentary panel has directed the Ministry of Water Resources to ensure supply of full water quota ...

Updated 02 Oct, 2020 03:05am

Pakistan

PBC concerned at judge's remarks

ISLAMABAD: The Pakistan Bar Council (PBC) vice-chairman expressed its disappointment over remarks of Justice Mohsin...

Updated 02 Oct, 2020 03:05am

Pakistan

'Around 10m people are feared to be unemployed due to Covid-19'

ISLAMABAD: Around 10 million people are feared to be unemployed due to coronavirus pandemic as it has impacted the...

Updated 02 Oct, 2020 03:04am

Pakistan

US CG calls on administrator of Karachi

KARACHI: US Consul General (CG) at Karachi Rob Silberstein called on Administrator Karachi Iftikhar Ali Shallwani...

Updated 02 Oct, 2020 03:03am

Pakistan

Senate panel shows concern over fee increase by private schools

ISLAMABAD: The Senate Implementation Committee on Thursday expressed serious concern over fees increase by private...

Updated 02 Oct, 2020 03:02am

Pakistan

Senate body told: No forensic centre in KP except at KMC

ISLAMABAD: The Khyber Pakhtunkhwa (KP) police Thursday told the Senate Special Committee on Child Protection that...

Updated 02 Oct, 2020 03:02am

Pakistan

Issuance of more licences: SC asks Pemra to file comprehensive reply

ISLAMABAD: The Supreme Court on Thursday directed Pakistan Electronic Media Regulatory Authority (Pemra) to file a...

Updated 02 Oct, 2020 03:01am

Pakistan

Toshakhana case: AC orders confiscation of Nawaz's properties

ISLAMABAD: The accountability court hearing multi-billion rupees fake bank accounts case on Thursday ordered...

Updated 02 Oct, 2020 03:01am

India detains politicians as unrest flares over gang-rape

LUCKNOW/DELHI: Indian police arrested several opposition leaders on Thursday heading for the site where a low-caste...

Updated 02 Oct, 2020 02:59am

BISP, energy sector reforms & western corridor: Govt flags need of USAID economic grant

ISLAMABAD: The federal government on Thursday flagged the need of the USAID economic grant for the Benazir Income...

Updated 02 Oct, 2020 02:58am

Exchange

Forex reserves down $369m

KARACHI: The country's total liquid foreign exchange reserves fell by $369 million in a week due to external debt...

Updated 02 Oct, 2020 02:58am

Shibli lambastes Nawaz for 'maligning' state institutions

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz on Thursday lambasted former prime ...

Updated 02 Oct, 2020 02:57am

Nawaz says he cannot 'sit by' and 'watch' the current situation

LAHORE: Expressing concerns over the country's state of affairs, including its poor economic indicators, former ...

Updated 02 Oct, 2020 02:57am

Plan prepared to bring Nawaz back: PM

ISLAMABAD: Prime Minister Imran Khan has said that a plan has been prepared to bring former Prime Minister Nawaz...

Updated 02 Oct, 2020 02:56am

Google says to invest $1 billion in deals with news partners

PARIS: Google plans to invest $1 billion in partnerships with news publishers worldwide to develop a "Showcase" app...

Updated 02 Oct, 2020 02:55am

Sindh government to provide land: NTDC to execute 220kV grid station of Dhabeji SEZ

ISLAMABAD: Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) unanimously agreed that the NTDC ...

Updated 02 Oct, 2020 02:55am

Major loss-making SOEs: AGP forms four-member team to conduct forensic audit

ISLAMABAD: The Auditor General of Pakistan (AGP) has formed a four-member team to conduct forensic audit of major...

Updated 02 Oct, 2020 02:53am

Exchange

Compliance with AML Act: MoF notifies National Savings AML/CFT Supervisory Board

ISLAMABAD: The Finance Ministry has notified National Savings AML and CFT Supervisory Board to ensure the country's...

Updated 02 Oct, 2020 02:52am

FBR sets up 'PRAC' to ensure validity of refunds

ISLAMABAD: In order to streamline the payment of refund claims and to initiate enforcement measures to minimise the...

Updated 02 Oct, 2020 02:51am

PM sidelines special assistant on power

ISLAMABAD: Prime Minister Imran Khan has sidelined Syed Shahzad Qasim as Special Assistant to Prime Minister on ...

Updated 02 Oct, 2020 02:51am

19 entities for sell-off: Four to five transactions to be completed by June 2021: Soomro

ISLAMABAD: Federal Minister for Privatisation, Mohammedmian Soomro Thursday said the Privatisation Division would...

Updated 02 Oct, 2020 02:50am

Exchange

Power, transport sectors: Ecnec approves eight projects worth Rs 401 billion

ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (Ecnec) has approved eight projects...