News Archives for Latest - 2020-10-08

Pakistan

PIA owned Roosevelt Hotel in NY is closing down permanently

The hotel cited financial reasons for its permanent closure
PIA purchased the hotel for $36.5 million in 1999 and managed it through Interstate Hotels and Resorts.

Updated 10 Oct, 2020 02:40pm

Companies

Orange venture in Belgium to replace Huawei mobile gear with Nokia kit

Orange's Belgian division and Proximus, which is majority-owned by the Belgian state, face heavy political pressure to shift from China's Huawei.
China vehemently denies the accusations. Orange Belgium and Proximus, which have both partnered with Huawei,.

Published 08 Oct, 2020 11:51pm

World

US hits Iran's financial sector with fresh round of sanctions

The prohibitions did not apply to transactions for the provision of agricultural commodities, food, medicine or medical devices to Iran.
The sanctions Trump has reinstated target everything from oil sales to shipping and financial activities.

Published 08 Oct, 2020 11:48pm

Commodities

Gold inches up on US election uncertainty, stimulus hopes

Weekly jobless claims inch lower but remain elevated.
Trump says talks ongoing for fiscal aid.
Gold going to be volatile over the next few months –analyst.

Published 08 Oct, 2020 11:45pm

Currency

Morgan Stanley to pay $60mn penalty for insufficient oversight of data centers

The regulator said the bank had similar vendor management issues in 2019 when decommissioning other network devices.
The bank offered two years of free credit monitoring services to affected customers.

Published 08 Oct, 2020 11:42pm

Commodities

ICE canola futures dip for first time in 4 sessions

Canola faces seasonal pressure as the Canadian harvest advances, replenishing supplies, traders say.
November-January canola spread traded 3,657 times.

Published 08 Oct, 2020 11:41pm

Commodities

CBOT soybeans drop after hitting 2-1/2-year high

Strong export demand lent support to the nearby issues while forecasts for a large crop in Brazil weighed on the deferreds.
Conab forecast Brazil's 2020/21 soybean crop at a record 133.673 million tonnes.

Published 08 Oct, 2020 11:40pm

PIA-owned Roosevelt Hotel closes its doors

The iconic “Roosevelt Hotel”, a luxury hotel considered to be historic in Manhattan, is permanently closing its doors by the end of this month.

Published 08 Oct, 2020 10:36pm

Pakistan

Chehlum of Imam Hussain (RA) observed peacefully

Walkthrough gates were installed and mourners were allowed to enter into the route after complete body search with metal detectors.

Published 08 Oct, 2020 08:57pm

Pakistan

Strong foreign policy linked with stable economy: Qureshi

The foreign minister said considering its importance, an Economic Diplomacy Division had been created at the foreign ministry under Additional Secretary Nabeel Muneer.

Published 08 Oct, 2020 08:55pm

Pakistan

NAB strongly believes in ‘Zero Corruption, 100pc Development’: Chairman NAB

Chairing a meeting, he said that NAB was working hard to accomplish its mission to rid the nation from corruption, corrupt practices and make Pakistan corruption free.

Published 08 Oct, 2020 08:53pm

NATO chief says allies will leave Afghanistan together

"We decided to go into Afghanistan together, we will make decisions on future adjustments together, and when the time is right, we will leave together," NATO Secretary General Jens Stoltenberg said.

Updated 08 Oct, 2020 08:53pm

Exchange

Taliban welcome Trump tweet on withdrawing troops from Afghanistan by Christmas

Trump said on Twitter on Wednesday: “We should have the small remaining number of our BRAVE Men and Women serving in Afghanistan home by Christmas!”

Published 08 Oct, 2020 08:28pm

Khalilzad, Miller meet COAS Bajwa, appreciate Pakistan's positive role in Afghan peace process

Matters related to mutual interest, peace and stability in the region, Pak-Afghan Border management and current developments in the Afghan peace process were discussed during the meeting

Published 08 Oct, 2020 07:52pm

Pakistan

No religion allows forced conversion: Barrister Murtaza Wahab

He expressed these views to the participants of the Senate committee meeting at the Sindh Secretariat here, said a statement on Thursday.

Published 08 Oct, 2020 07:54pm

Exchange

Shibli vows to facilitate filmmakers, broadcasters for promoting country's soft image, generating foreign exchange

He said NCOC held daily meetings to discuss and analyze the latest situation about coronavirus and made consensus decisions to contain the spread of the pandemic.

Published 08 Oct, 2020 07:38pm

Pakistan

COVID-19: CM appeal for avoiding overcrowded places, following SOPs

While issuing details about the corona situation in the province, he said the total number of active corona patients was 1,521 while 96,506 had recovered.

Published 08 Oct, 2020 07:37pm

Pakistan

Govt to offer advance technology courses under CTTI: Murad Saeed

Murad said the government has planned to expand the courses to other provinces so that the people could get benefits of modern technical education at nearest.

Published 08 Oct, 2020 07:36pm

Pakistan

COVID-19 claims six more lives, infects 376 others: CM Sindh

Syed Murad Ali Shah said that 264 more patients recovered rising the number of patients recovered so far to 132,377 that constituted 95 percent recovery rate.

Published 08 Oct, 2020 07:34pm

Business & Finance

US stocks gain again on revived stimulus hopes

Major indices climbed for a second straight session after US President Donald Trump walked back a cancelation of stimulus talks that rattled investors on Tuesday.

Published 08 Oct, 2020 07:22pm

Pakistan

Ehsaas Emergency Cash program helped country respond to immediate crisis successfully: Dr. Nishtar

She said this inclusive initiative is hinged on biometrically enabled digital payment system that will transition to the State Bank of Pakistan led Micropayment Gateway by 2021.

Published 08 Oct, 2020 07:20pm

Exchange

Rupee gains 25 paisas against dollar

In interbank trading, the price of euro depreciated by 23 paisas and closed at Rs. 192.63 against the last day’s trading of Rs. 192.86, State Bank of Pakistan reported.

Published 08 Oct, 2020 07:08pm

Business & Finance

PIDE Civil Service Reform Webinar with Dr. Ishrat Hussain

PIDE organized a webinar on ‘Civil Service Reforms’ with Dr. Ishrat Husain

Updated 08 Oct, 2020 07:15pm

Pakistan

Nawaz Sharif loosing public support for his anti-state narrative: Shahbaz Gill

However, the current electricity charges were already under pressure due to selfish agreements by the previous governments in power sector, he added.

Published 08 Oct, 2020 07:06pm

Pakistan

Prices of vegetable on the rise

Moreover, Price of Bitter Gourd (Kerala) was fixed at 110-115 per Kg but selling rate was noticed at 150 while Shimla Mirch official rate was 200-210 but available at 260-280.

Published 08 Oct, 2020 07:04pm

Pakistan

Ease of doing business govt's foremost priority: PM

He was talking to a delegation of the country’s renowned industrialists and representatives of Karachi’s trade organizations here.

Published 08 Oct, 2020 07:01pm

Pakistan

PM for also providing manual complaint lodging facility to people for redressal of complaints by PCP

Despite limited number of smart phone users in the country, still 2.8 million have registered on the system in the last two years.

Published 08 Oct, 2020 06:59pm

Pakistan

Omar lauds PSO's role in smooth fuel supply during COVID-19 pandemic

He also appreciated the PSO’s environment friendly fuel initiatives and encouraged further exploration of biofuels and cleaner energy solutions.

Published 08 Oct, 2020 06:57pm

Pakistan

Sindh govt to be taken onboard on Bundal Island: Imran Ismail

He clarified that the Island will remain part of the province, adding that it would not be a housing project rather a plan to construct a city.

Updated 08 Oct, 2020 06:58pm

Pakistan

CM directs IGP to arrest culprits involved in murder, rape of minor girl

Expressing heartfelt sympathy to the bereaved family, the chief minister assured that the provincial government fully share their grief and they would be given full justice.

Published 08 Oct, 2020 06:55pm

Pakistan

Planning & Development Dept. effectively tackles challenges: CM’s aide

The KP Planning and Development was the first department to initiate the Planning Commission Form Management System and made all the system to work automatically.

Updated 08 Oct, 2020 06:55pm

Stocks

Australia, NZ shares track Wall Street higher; NZ marks record close

New Zealand's benchmark S&P/NZX 50 index ended 1.8pc higher at 12,235.92, rising for the seventh straight session.

Published 08 Oct, 2020 06:19pm

Forex

South Africa's rand firmer as US stimulus hope lifts sentiment

The rand, which has in recent weeks mainly been driven by offshore sentiment, traded at 16.5850 versus the dollar at 0620 GMT, 0.29pc firmer than its previous close.

Published 08 Oct, 2020 06:16pm

Money & Banking

BOJ offers brighter view on regional Japan, signals policy status quo

The BOJ next meets for a rate review on Oct. 28-29, when it also releases fresh quarterly economic and price projections.

Published 08 Oct, 2020 06:08pm

Money & Banking

Assignment of AM1 Rating to MCBAH by PACRA

The rating reflects the company's positioning as one of the leading players in the AMC industry, supported by strong control environment, structured Investment processes, good governance framework and qualified management team.

Published 08 Oct, 2020 06:09pm

Stocks

South Korea stocks rise on US stimulus hopes; won hits over 17-month closing high

South Korean shares closed higher on Thursday, extending gains into a seventh session on renewed hopes for some US stimulus spending.

Published 08 Oct, 2020 06:05pm

Commodities

NY coffee could retest resistance at $1.3535 in Q4

The contract is riding on a wave C from $0.9455, the third wave of a presumed three-wave cycle from the May 2019 low of $0.8760.

Published 08 Oct, 2020 06:02pm

Stocks

European shares near 3-week high on US stimulus hopes

The pan-European STOXX 600 index rose 0.7pc by 0707 GMT, with travel and leisure, industrial and chemical sectors leading the gains.

Published 08 Oct, 2020 06:01pm

Stocks

London stocks gain on US stimulus hopes, surge in GVC Holdings

The blue-chip FTSE 100 index gained 0.3pc, with construction and travel stocks leading the gains. The mid-cap index gained 0.4pc.

Published 08 Oct, 2020 05:59pm

Commodities

Copper slips as China absent from market

The contract touched its highest since Oct. 1 on Wednesday at $6,710 a tonne on expectations of improving growth and robust demand.

Published 08 Oct, 2020 05:57pm

Business & Finance

EasyJet warns first ever annual loss could top $1 billion

EasyJet said ongoing travel restrictions meant it would fly just 25pc of planned capacity for the rest of 2020, behind Ryanair which is aiming for 40pc in October.

Published 08 Oct, 2020 05:53pm

Financial

German Bund yield slips; ECB meeting minutes awaited

Germany's benchmark Bund yield was down less than one basis point on the day at -0.501% at 0720 GMT.

Published 08 Oct, 2020 05:51pm

South Asia

Philippines confirms 2,363 novel coronavirus cases, 144 more deaths

In a bulletin, the ministry said total confirmed infections have reached 331,869, while deaths have increased to 6,069.

Published 08 Oct, 2020 05:50pm

Commodities

Japan buys 118,428 tonnes of food wheat via tender

Japan, the world's sixth-largest wheat importer, keeps a tight grip on imports of its second-most important staple after rice and buys the majority of it for milling via tenders.

Published 08 Oct, 2020 05:48pm

Industry

Hyundai Motor to recall Kona EV in South Korea over concern of fire risk

Hyundai's shares fell 1.4pc, reflecting investor concern that the recall and battery replacements could be costly, as the battery accounts for about 30pc of an EV's price, analysts said.

Published 08 Oct, 2020 05:46pm

Forex

Russian rouble inches higher, Western sanctions in focus

The rouble gained 0.1pc to 77.97 as of 0749 GMT, moving away from 79.9750 it hit last week, its weakest level since March.

Published 08 Oct, 2020 05:41pm

Pakistan

CCPO Lahore proposes military style court-martial for police

As per the letter to the Inspector General of Police (IGP), Punjab Inam Ghani, The CCPO asked to introduce military style court-martial for police to maintain better discipline.

Published 08 Oct, 2020 05:39pm

Business & Finance

Samsung Elec profit likely at 2-year high after Huawei orders, phone recovery

The Chinese firm has also hurried to order more chips from Samsung after Washington moved to choke its access to commercially available chips from mid-September.

Published 08 Oct, 2020 05:38pm

Stocks

Most major Gulf markets little changed; Air Arabia lifts Dubai

Saudi Arabia's benchmark index rose 0.3%, with utility firm Saudi Electricity advancing 2% while National Gas and Industrialization Company was up 0.8%.

Published 08 Oct, 2020 05:36pm

Europe

Russia's new daily coronavirus case tally near May peak

Officials said 191 people had died in the last 24 hours, pushing the official death toll to 22,056.

Published 08 Oct, 2020 05:35pm

Commodities

South Korea's KFA buys about 131,000 tonnes corn in tender

Seller of 65,000 tonnes was believed to be trading house Glencore while another 66,000 tonnes was said to have been bought from Cargill.

Published 08 Oct, 2020 05:34pm

Commodities

NY cocoa may fall into $2,187-$2,287 range in Q4

The contract is riding on a wave c from $2,708, which is the third wave of a bigger wave B from the February high of $2,935.

Published 08 Oct, 2020 05:32pm

Currency

EMEA stocks and FX rise; Turkish lira hits all-time low

The lira sank 0.7pc to an all-time low of 7.9389 to the dollar, weighed by concerns over possible US sanctions, the Caucasus conflict and uneasy ties with the European Union.

Published 08 Oct, 2020 05:28pm

Asia

Indonesia reports daily record 4,850 new coronavirus cases

There were also 108 new deaths reported, taking the total to 11,580, the highest coronavirus death toll in Southeast Asia.

Published 08 Oct, 2020 05:27pm

Forex

Kenyan shilling stable, underpinned by remittances and agricultural flows

At 0814 GMT, commercial banks quoted the shilling at 108.50/70 to the dollar, the same level as Wednesday's close.

Published 08 Oct, 2020 05:26pm

Energy

UK GAS-Prices tick up amid Norwegian strike, colder weather forecast

Support for prices came from ongoing strikes in Norway, a hurricane in the Gulf of Mexico and expectations of colder weather next week, traders said.

Published 08 Oct, 2020 05:24pm

Commodities

Turkey gets offers in tender to buy 135,000 tonnes wheat

The offer was believed to have been made for about 25,000 tonnes for shipment to the port of Samsun, they said. It was submitted by trading house Mova.

Published 08 Oct, 2020 05:21pm

Europe

Greek unemployment drops to 16.8pc in July

Seasonally adjusted data showed the number of unemployed at 773,641 people, with those aged up to 24 bearing the brunt of being out of work.

Published 08 Oct, 2020 05:20pm

Europe

Poland's virus cases rise over 40pc, Warsaw to face new curbs

Poland reported a new record of 4,280 daily coronavirus cases on Thursday, according to the health ministry's Twitter account, up 42.5pc compared to the 3,003 reported on Wednesday.

Published 08 Oct, 2020 05:18pm

Forex

Ugandan shilling flat on slumping appetite from banks and importers

At 0915 GMT commercial banks quoted the shilling at 3,700/3,710, unchanged from Wednesday's close.

Published 08 Oct, 2020 05:08pm

Stocks

Europe stocks up on Gilead's remdesivir as COVID-19 infections spike

Spain, one of the countries with the highest number of infections in Europe, had nearly 10,700 people hospitalised for COVID-19 as of Tuesday.

Published 08 Oct, 2020 05:06pm

Money & Banking

Hungary central bank keeps one-week deposit rate unchanged at 0.75%

The decision came as the Hungarian forint outperformed its central European peers on Thursday as headline inflation slowed more than expected in September.

Published 08 Oct, 2020 04:54pm

World

American poet awarded Nobel Prize in Literature 2020

In 2018, the award was postponed after sex abuse allegations rocked the Swedish Academy and sparked a mass exodus of members

Published 08 Oct, 2020 04:48pm

Asia

Malaysia reports 375 new coronavirus cases

The new cases raise the cumulative tally to 14,368 cases, according to the health ministry.

Published 08 Oct, 2020 04:52pm

USA

Report exposes Facebook for spreading climate change misinformation

According to a report by InfluenceMap, a U.K. based think-tank, approximately 8 million people have viewed deliberately misinformed advertisements on Facebook, which peddled conspiracy theories like fossil fuels are not a threat to the environment, and that climate change is a “hoax”

Published 08 Oct, 2020 04:53pm

Europe

EU secures Johnson & Johnson COVID-19 vaccine for 400 million people

This is the third advance purchase contract signed by the EU with makers of COVID-19 vaccines after deals with AstraZeneca and Sanofi.

Published 08 Oct, 2020 04:51pm

World

Worldwide coronavirus cases cross 36.18 million, death toll at 1,052,974

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

Published 08 Oct, 2020 04:49pm

Business & Finance

Oil rises above $42 on supply losses, US stimulus hopes

Oil and gas workers have withdrawn from offshore US Gulf production facilities as Hurricane Delta was forecast to intensify into a powerful, Category 3 storm.

Published 08 Oct, 2020 04:46pm

Forex

Sterling stabilises; Brexit 'mood music' brightens

The pound inched up towards $1.30 in early session, before giving back some of those gains.

Published 08 Oct, 2020 04:44pm

Pakistan

Boosting Pak-Afghan trade: Decision to revise transit trade pact on the cards, says envoy

Mansoor says bilateral trade which had crossed the $3 billion dollars mark a few years ago has unfortunately seen a drop in the last three to four years due to multiple factors

Updated 08 Oct, 2020 04:45pm

Business & Finance

GE Marine to build gas turbines for Pakistan Navy’s MILGEM corvettes

The state-of-the-art ship will be equipped with modern weaponry and sensors. Under the transfer of technology agreement signed between Pakistan and Turkey, two of the four ships will be constructed at Karachi shipyard.

Published 08 Oct, 2020 04:38pm

Commodities

SOFTS-Raw sugar climbs to 7-month high, arabica also up

December arabica coffee rose by 1.85 cents, or 1.7pc, to $1.1145 per lb as the market extended its rebound from last week's more than two-month low of $1.0490.

Published 08 Oct, 2020 04:40pm

Forex

Dollar, yen nurse losses as US stimulus hopes help 'risk-on' mood

The euro edged up to $1.1782. The risk-sensitive Australian dollar rose 0.3% to $0.7163.

Published 08 Oct, 2020 04:37pm

Commodities

Palm rises for a fourth day on supply concerns

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed up 0.7%, at 2,890 ringgit ($696.39) a tonne.

Published 08 Oct, 2020 04:36pm

Pakistan

Anwer Majeed, others indicted in Pink Residency reference

NAB says they caused a loss of billions of rupees to the national exchequer through their scheme.

Published 08 Oct, 2020 04:34pm

Money & Banking

Bank of England urges hard line on property funds

The Financial Conduct Authority (FCA) has proposed that a wait of up to six months for redemptions could avoid a stampede by investors and widespread fund suspensions in future.

Published 08 Oct, 2020 04:34pm

Commodities

Jordan issues new tender to buy 120,000 tonnes wheat

Jordan's state grain buyer the trade ministry has issued an international tender to buy 120,000 tonnes of milling wheat which can be sourced from optional origins.

Published 08 Oct, 2020 04:33pm

Europe

Italy close to buying 5 million COVID-19 rapid tests: PM

Testing is also compulsory for those who have travelled from certain countries, including the United Kingdom, Belgium and some areas of France.

Published 08 Oct, 2020 04:28pm

Industry

Malaysia's AirAsia to return planes to lessors, shrink fleet

AirAsia, like other airlines, has been hit hard by travel restrictions due to the pandemic.

Published 08 Oct, 2020 04:25pm

Pakistan economic growth to remain below potential, at 0.5pc for FY21: WB

WB said that the country’s economic growth is projected to remain below potential, at 0.5pc for FY21 compared to over 4pc annual average in the previous three years to FY2019.

Updated 08 Oct, 2020 04:19pm

Pakistan

TTP, Sindhi separatists are re-emerging in Karachi, warns CRSS report

The report claims a hike in policemen attack during the period of July to September.

Published 08 Oct, 2020 03:55pm

Business & Finance

The Environment versus Us

Pakistan is regarded as the fifth most climate-vulnerable nation in the world with climate change impacting the lives and livelihoods of those living below the poverty line.

Published 08 Oct, 2020 03:38pm

Pakistan

KU staffers' sons among 10 being investigated for harassing two students

Police say KU is investigating the matter internally and no one from the administration had approached them, nor had the students who were harassed

Updated 08 Oct, 2020 03:51pm

Pakistan

Another Zainab assaulted, tortured before being killed in Charsadda: Police

The minor girl, identified as Zainab, had gone missing on Tuesday evening in Sheikh Kallay Qilla area while playing with other children outside her house.

Updated 08 Oct, 2020 03:49pm

Exchange

Key takeaways from the vice-presidential debate

After last week’s calamitous Presidential debate, the Vice Presidential debate was poised to provide a more policy-oriented counterweight, with Kamala Harris and Joe Biden attempting to clarify their starkly contrasting policies amongst a surge in political misinformation.

Updated 08 Oct, 2020 03:44pm

Business & Finance

NEPRA raises electricity rates

The increase was made in the context of the July fuel price adjustment.

Published 08 Oct, 2020 03:18pm

Pakistan

There has been rapid increase in COVID-19 cases across country: NCOC

The meeting was apprised there there has been a marked decline in following health guidelines on wearing of masks and social distancing

Published 08 Oct, 2020 03:03pm

Currency

Basmati: what is at stake?

Last week, BR Research covered the gaps in local Geographical Indications framework and its implementation that ...

Updated 08 Oct, 2020 02:54pm

World

Abdullah Abdullah meets Modi, seeks India's support for peace process in Afghanistan

The top Afghan peace negotiator is on a five-day visit to India as part of the efforts to build a regional consensus and support for the Afghan peace process

Updated 08 Oct, 2020 02:34pm

Pakistan

Sindh Islands: SHC issues notices to provincial, federal governments

The court asked them to submit detailed replies by October 23.

Updated 08 Oct, 2020 02:25pm

Business & Finance

South Asia set to plunge into worst-ever recession as COVID-19 takes toll, warns WB

WB forecasts a sharper than expected economic slump across the region, with regional growth expected to contract by 7.7 percent in 2020, after topping 6 percent annually in the past five years.

Published 08 Oct, 2020 02:08pm

Pakistan

Hina Jilani awarded 2020 Stockholm Human Rights Award

The award will be presented to Jilani on November 30.

Published 08 Oct, 2020 01:25pm

Exchange

India is financing, facilitating TTP’s cross attacks from Afghanistan, Pakistan tells UN

Thousands of Pakistanis have been killed and injured due to Indian-sponsored terrorist attacks, Pakistani diplomat said.

Updated 08 Oct, 2020 12:59pm

Money & Banking

SBP allows banks to outsource cash processing activities for all denominations

The decision has been made in order to further enhance the flexibility for banks to get their cash processed and encourage greater innovation and development of cost effective models for cash processing.

Published 08 Oct, 2020 12:31pm

Business & Finance

Novartis Pakistan to invest $20mn under expansion plan

BOI will continue to develop and strengthen this advantage to enhance our performance trajectory, he added.

Published 08 Oct, 2020 12:13pm

NIH warns COVID-19 can spread rapidly in winters

It has advised all federal, provincial and district health departments to keep continuous surveillance.

Published 08 Oct, 2020 11:22am

Middle East

American troops to be out of Afghanistan by Christmas, claims President Trump

On Wednesday night, President Trump on Twitter, gestured towards the complete withdrawal of American troops from Afghanistan by Christmas.

Published 08 Oct, 2020 11:05am

World

'Any peace settlement acceptable to Afghans, will have the support of India,' says Abdullah Abdullah

India is in favor of an 'independent, democratic, sovereign and peaceful Afghanistan, where no terrorists can operate', Abdullah said.

Updated 08 Oct, 2020 11:16am

Life & Style

How Eddie Van Halen transformed Michael Jackson’s ‘Beat It’

It took less than half an hour to record and arrange one of the most famous cameos in rock history.

Updated 08 Oct, 2020 11:05am

Business & Finance

BB Energy completes investment in Pakistan’s Euro Oil

Euro Oil, is operating in Pakistan, having 7,000 tons storage capacity for retail and wholesale oil products and services throughout the country.

Published 08 Oct, 2020 10:49am

Pakistan

Millions of Pakistanis have been contributing to UAE’s development for many decades: Qureshi

Both countries have agreed to promote bilateral cooperation in the economic and trade sectors.

Updated 08 Oct, 2020 10:40am

Currency

Global Markets: Asian shares at one-month highs on renewed U.S. stimulus hopes

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3% for its fourth straight session of gains to a level not seen since early September.

Published 08 Oct, 2020 10:28am

Business & Finance

Chevron tops Exxon Mobil market cap for first time

Chevron tops Exxon Mobil market cap for first time

Published 08 Oct, 2020 10:24am

Currency

Citigroup fined $400 million by regulators, agrees to fix 'longstanding deficiencies'

The Fed said the action “requires the firm to correct several longstanding deficiencies.”

Published 08 Oct, 2020 10:21am

Life & Style

Rhea Chakraborty wins bail in Sushant Singh Rajput suicide case

Chakraborty and her family have been hounded by Indian media who have spent months obsessing over the case.

Updated 08 Oct, 2020 10:21am

Business & Finance

Oil prices rise as Hurricane Delta approaches U.S. Gulf of Mexico

U.S. West Texas Intermediate (WTI) crude futures rose 13 cents, or 0.3%, to $40.08 a barrel at 0215 GMT, after falling 1.8% on Wednesday.
Brent crude futures rose 20 cents, or 0.5%, to $42.19 a barrel, after falling 1.6% on Wednesday.

Published 08 Oct, 2020 10:17am

World

Harris, Pence clash over Trump's virus response at U.S. VP debate

Harris, fulfilling the running mate’s traditional attack role, went after Trump’s record on healthcare and the economy to climate change and foreign policy.

Published 08 Oct, 2020 09:39am

BR Research

Kohinoor Power in FY20

Kohinoor Power Company Limited (PSX: KOHP) announced its financial performance for FY20 yesterday, and the power...

Published 08 Oct, 2020 08:21am

BR Research

Tariff adjustments: Delayed?

The federal cabinet has deferred the tariff adjustments related to both electricity and gas, which were earlier...

Published 08 Oct, 2020 08:22am

BR Research

Grocery ecommerce: will it sustain?

Buying things that you need every day - aka groceries have been generally considered a family outing in a country...

Published 08 Oct, 2020 08:21am

Currency

Ittehad Chemicals Limited

Ittehad Chemicals Limited (PSX: ICL) was established in 1962 by the name of United Chemcials.it later became Ittehad...

Published 08 Oct, 2020 08:21am

Exchange

Pak-UK Business Council urged to discover new opportunities

ISLAMABAD: Federal Minister for Education and Professional Training Shafqat Mahmood on Wednesday suggested the ...

Updated 08 Oct, 2020 03:41am

Business & Finance

Tesco profits surge

LONDON: Britain’s biggest retailer, supermarket giant Tesco, announced Wednesday a 42-percent jump in net profit ...

Updated 08 Oct, 2020 03:41am

Business & Finance

MTBs margins jump as Rs653bn bids accepted

KARACHI: Margins on the short-term government securities increased in the auction held Wednesday. Banks and...

Updated 08 Oct, 2020 03:40am

Business & Finance

CDNS achieves Rs10bn collection net target for 2020-21

ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs 10 billion ...

Updated 08 Oct, 2020 03:40am

Pakistan

Naya Pakistan Housing Scheme: ABAD urges Centre to extend date of availing incentive package

KARACHI: Association of Builders and Developers of Pakistan (ABAD) has demanded the federal government to extend ...

Updated 08 Oct, 2020 03:18am

Pakistan

Advertisements: Transparent mechanism adopted: Faraz

KARACHI: Federal Minister for Information and Broadcasting, Senator Shibli Faraz Wednesday said that this was on...

Updated 08 Oct, 2020 03:18am

Pakistan

Four more die, 304 new cases reported

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that four more patients of coronavirus died overnight...

Updated 08 Oct, 2020 03:18am

Pakistan

Govt approves amendments to FEB and GIF rules

ISLAMABAD: The government has approved amendments to rules of the Federal Employees Benevolent and Group Insurance...

Updated 08 Oct, 2020 03:18am

Pakistan

Killing of Daniel Pearl: SC rejects Sindh govt’s plea to extend detention of four accused

ISLAMABAD: The top court of the country on Wednesday rejected the Sindh government’s request to further extend the...

Updated 08 Oct, 2020 03:18am

Pakistan

KP CM takes notice of irregularities in construction scheme

PESHAWAR: KP Chief Minister Mahmood Khan has taken notice of irregularities in road construction project in tribal...

Updated 08 Oct, 2020 03:18am

Billionaires’ riches reach record highs during pandemic

ZURICH: The wealth of the world's billionaires reached record heights this year despite the global coronavirus...

Updated 08 Oct, 2020 03:16am

Jul-Aug period: Power sector receivables soar to Rs1.437trn

ISLAMABAD: The power sector receivables have increased by 4.5 per cent from Rs 1.375 trillion to Rs 1.437 trillion...

Updated 08 Oct, 2020 03:16am

IHC decides to summon Nawaz through newspaper ads

ISLAMABAD: The Islamabad High Court (IHC) on Wednesday decided to summon former prime minister Nawaz Sharif in the...

Updated 08 Oct, 2020 03:16am

SBP introduces incentive, penalty mechanism for banks

KARACHI: The State Bank of Pakistan (SBP) has introduced incentive and penalty mechanism for banks to promote ...

Updated 08 Oct, 2020 03:16am

Ministries, divisions: Bank accounts to be closed; funds to go to central account

KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) has asked banks to...

Updated 08 Oct, 2020 03:16am

US hopeful for Afghan-Pakistan side agreement

WASHINGTON: The US negotiator seeking to end Afghanistan's war voiced hope Wednesday that the Kabul government can...

Updated 08 Oct, 2020 03:16am

2021 Davos summit shifted to Lucerne in May

GENEVA: The World Economic Forum announced Wednesday that its postponed 2021 Davos summit, themed as "The Great...

Updated 08 Oct, 2020 03:16am

Pakistan

COAS says war on terror will continue for lasting peace, stability

RAWALPINDI: Army Chief General Qamar Javed Bajwa has said that our war against terrorism will continue till lasting...

Published 08 Oct, 2020 02:54am

Pakistan

SC adjourns Shah’s bail plea without any proceedings

ISLAMABAD: The top court on Wednesday adjourned the incarcerated Pakistan People’s Party (PPP) leader Khursheed...

Published 08 Oct, 2020 02:54am

Pakistan

Bashir Memon’s allegations: I will try to get a case registered against PM: Khaqan

ISLAMABAD: Former prime minister Shahid Khaqan Abbasi on Wednesday asked the federal ministers from the ruling party...

Published 08 Oct, 2020 02:54am

Pakistan

New cyber security policy: Centre to incorporate provinces’ input

ISLAMABAD: The federal government has agreed to incorporate provincial governments’ input in the new cyber ...

Published 08 Oct, 2020 02:54am

Pakistan

PSP, SUP agree to work jointly for stability in Sindh

KARACHI: Pak Sarzameen Party (PSP) and Sindh United Party (SUP) held a meeting to discuss the issues of Sindh...

Published 08 Oct, 2020 02:54am

Pakistan

Baldia factory fire case: Zubair, Rehman file appeal against their death sentences

KARACHI: Zubair aka Charya and Abdul Rehman aka Bhola, convicted by an Anti-Terrorism Court in the Baldia factory...

Published 08 Oct, 2020 02:54am

Pakistan

NAB seizes DMA record for probe against ex-mayor of Islamabad

ISLAMABAD: The National Accountability Bureau (NAB) has seized all record of the Directorate of Municipal...

Published 08 Oct, 2020 02:54am

Pakistan

Pakistan urges debt relief to help developing countries recover from coronavirus crisis

UNITED NATIONS: Highlighting Prime Minister Imran Khan's debt relief initiative at the UN, Pakistani Ambassador ...

Published 08 Oct, 2020 02:54am

Pakistan

PM says ICT sector holds great potential for employment generation

ISLAMABAD: Prime Minister Imran Khan while emphasizing on skills’ enhancement of the country’s young population,...

Published 08 Oct, 2020 02:54am

Pakistan

Fazl, Maryam discuss anti-govt movement

LAHORE: Head of opposition alliance -Pakistan Democratic Movement (PDM) Maulana Fazlur Rehman visited Raiwind...

Published 08 Oct, 2020 02:54am

Waqar briefed about tax-to-GDP ratio fall

ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Dr Waqar Masood Khan has obtained his first briefing...

Published 08 Oct, 2020 02:54am

Pandemic could push 115m into extreme poverty: WB

WASHINGTON: As many as 115 million people could be pushed into extreme poverty this year due to the economic ...

Published 08 Oct, 2020 02:54am

Further procurement from Russia

: Body formed to negotiate wheat price ZAHEER ABBASI ISLAMABAD: The Economic Coordination Committee (ECC) of the...

Published 08 Oct, 2020 02:54am

UN calls for universal health coverage without delay

UNITED NATIONS: United Nations chief Antonio Guterres said Wednesday that the coronavirus pandemic had shown that...

Published 08 Oct, 2020 02:54am

TCP’s ‘lacklustre’ approach to looming crisis flagged

ISLAMABAD: The federal cabinet has taken serious notice of Trading Corporation of Pakistan’s (TCP’s)...

Published 08 Oct, 2020 02:54am

47pc Pakistanis think PM Imran has ‘destroyed’ economy: Gallup survey

ISLAMABAD: A survey conducted by Gallup Pakistan revealed that 47 percent Pakistanis think Prime Minister Imran Khan...

Published 08 Oct, 2020 02:54am

Gas, power to SEZs: PM directs depts to accord foremost priority

ISLAMABAD: Prime Minister Imran Khan has directed the departments concerned to accord foremost priority to the...

Published 08 Oct, 2020 02:54am

Industry

UK's easyJet signals it may need more government support

The airline took a 600 million pound ($775 million) loan under a UK government scheme.
easyJet continues to review its liquidity position on a regular basis and will continue to assess further funding opportunities, should the need arise.

Published 08 Oct, 2020 02:58am

Currency

THE RUPEE: Gains prevail

KARACHI: On Wednesday, upon market closing, Pakistan Rupee went up against USD in both interbank and open markets. However, it remained unchanged against Euro in open market.

Published 08 Oct, 2020 02:58am

World

Facebook will remove posts with 'militarized' calls for US election poll watchers

Facebook also said that it would respond to candidates or parties making premature claims of victory or contesting declared outcomes by adding labels.
Alphabet Inc's Google last month also said it would block election-related ads after the polls closed for an indefinite period.

Published 08 Oct, 2020 02:54am

Pakistan

The Weather

KARACHI: The weather report on Wednesday (October 7, 2020) and the forecast for Thursday (October 8, 2020)....

Published 08 Oct, 2020 02:54am

Pakistan

PSDP 2020-2021: Govt releases Rs270bn for various development projects

ISLAMABAD: The federal government has released Rs 270 billion (41.54 percent) including Rs 11.4 billion foreign aid...

Published 08 Oct, 2020 02:54am

Pakistan

There will be signs of change in country soon: Fazl

LAHORE: Dispelling the impression of opposition’s clash with institutions, Pakistan Democratic Movement (PDM) ...

Published 08 Oct, 2020 02:54am

Pakistan

PSRMA elects office-bearers

KARACHI: The Pakistan Steel Re-Rolling Mills Association (PSRMA) on 21st September 2020 at Head office Lahore held...

Published 08 Oct, 2020 02:54am

Pakistan

Non-poor households receive larger electricity subsidy benefits

LAHORE: Non-poor households receive comparatively larger electricity subsidy benefits than poor households; ...

Published 08 Oct, 2020 02:54am

Pakistan

PTA Chairman visits Jazz Digital Headquarters

ISLAMABAD: Chairman Pakistan Telecommunications Authority (PTA) Major General Amir Azeem Bajwa (retd), Muhammad...

Published 08 Oct, 2020 02:54am

Pakistan

Angoor Adda and Ghulam Khan: Speaker urges SBP to ensure establishment of bank branches

ISLAMABAD: Speaker National Assembly Asad Qaiser has directed the representatives of the State Bank of Pakistan ...

Published 08 Oct, 2020 02:54am

Exchange

Qureshi reaffirms support for sovereignty, integrity of KSA

ISLAMABAD: In the apparent backdrop of escalation of ongoing conflict between Saudia Arabia and Yemen’s Houthis,...

Published 08 Oct, 2020 02:54am

Pakistan

Merged districts: KP CM reviews local government performance

PESHAWAR: In a bit to ensure better municipal services in the newly-merged areas, the Khyber Pakhtunkhwa government,...

Published 08 Oct, 2020 02:54am

World

NATO chief calls for new strategy on cyber, China

BRATISLAVA: NATO needs a new strategic concept adjusted to the global rise of new technologies, terrorism and China...

Published 08 Oct, 2020 02:54am

World

Europe passes 6m coronavirus cases

PARIS: Europe has registered more than six million confirmed cases of novel coronavirus since it first appeared in...

Published 08 Oct, 2020 02:54am

World

Roche blames supply chain issue for virus test kit delays

LONDON: Swiss pharmaceutical firm Roche apologised on Wednesday for a supply chain failure that could delay the...

Published 08 Oct, 2020 02:54am

World

UK pushes for Brexit trade deal but EU demands clarity

LONDON: Britain on Wednesday pressed the European Union to secure a post-Brexit trade deal by mid-October, despite...

Published 08 Oct, 2020 02:54am

World

Russia successfully tests new hypersonic missile

MOSCOW: Russia on Wednesday said it had successfully tested a new hypersonic anti-ship cruise missile in a move...

Published 08 Oct, 2020 02:54am

World

Kuwaiti emir names top security official as crown prince

KUWAIT CITY: Kuwait’s new emir, Sheikh Nawaf, on Wednesday named his half-brother Sheikh Meshal al-Ahmad al-Jaber...

Published 08 Oct, 2020 02:54am

World

Author and Holocaust survivor Ruth Klueger dies

VIENNA: Prize-winning author and Holocaust survivor Ruth Klueger has died aged 88 at her home in California, her...

Published 08 Oct, 2020 02:54am

World

US-French duo win Nobel Chemistry Prize for gene editing tool

STOCKHOLM: Emmanuelle Charpentier of France and Jennifer Doudna of the US on Wednesday won the Nobel Chemistry Prize...

Published 08 Oct, 2020 02:54am

World

France accuses Turkey of military involvement in Karabakh

PARIS: France accused Turkey on Wednesday of “military involvement” on the side of Azerbaijan in its conflict...

Published 08 Oct, 2020 02:54am

World

White House backs piecemeal US stimulus: Trump aide

NEW YORK: US President Donald Trump would back piecemeal fiscal relief measures to boost hard-hit industries, but...

Published 08 Oct, 2020 02:54am

World

Facebook, Instagram ban QAnon accounts

SAN FRANCISCO: Facebook on Tuesday announced a ban on all accounts linked to the QAnon conspiracy group, as the...

Published 08 Oct, 2020 02:54am

World

Pandemic downturn offers path to address climate change: IMF

WASHINGTON: The global downturn caused by the coronavirus pandemic offers an opportunity for governments to ...

Published 08 Oct, 2020 02:54am

World

More children forced to work as coronavirus batters India

NEW DELHI: His hands caked with paint and dust, Aakash looks right at home working at an auto repair shop — except...

Published 08 Oct, 2020 02:54am

Currency

State Bank of Pakistan conversion rates

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

Published 08 Oct, 2020 02:54am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (October 7,...

Published 08 Oct, 2020 02:54am

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 08 Oct, 2020 02:54am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (October 7, 2020). ========================== KIBOR...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (October 7, 2020). ========================...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (October 7, 2020). ========================...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price 1,155.9469 ...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Wednesday (October 7, 2020). ======================== Offer ...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price ...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

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 08 Oct, 2020 02:54am

Exchange

Clearing Schedule for T+2 System

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

Published 08 Oct, 2020 02:54am

Exchange

Proposed right issues

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

Published 08 Oct, 2020 02:54am

Stocks

Last date of renunciation/payment

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

Published 08 Oct, 2020 02:54am

Exchange

Dividend/Bonus Announcements

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

Published 08 Oct, 2020 02:54am

Exchange

Board meetings in progress

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

Published 08 Oct, 2020 02:54am

Exchange

BOARD MEETINGS

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

Published 08 Oct, 2020 02:54am

Stocks

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

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

Published 08 Oct, 2020 02:54am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 08 Oct, 2020 02:54am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

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 08 Oct, 2020 02:54am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Exchange

LME official prices

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

Published 08 Oct, 2020 02:54am

Stocks

FTSE 100 slips

LONDON: London’s FTSE 100 closed nearly flat on Wednesday, weighed down by a fall in energy stocks on lower oil...

Published 08 Oct, 2020 02:54am

Stocks

Australian benchmark stock index ends above 6,000 level on budget boost

SYDNEY/WELLINGTON: Australian shares rose over 1% on Wednesday, with the benchmark index settling above the 6,000...

Published 08 Oct, 2020 02:54am

Stocks

Wednesday’s early trade: US main indexes jump

NEW YORK: Wall Street’s main indexes jumped on Wednesday as investors grew hopeful of at least a partial deal on...

Published 08 Oct, 2020 02:54am

Stocks

European shares down

MILAN/FRANKFURT: European stocks mostly fell on Wednesday, failing to join a recovery in global equities following a...

Published 08 Oct, 2020 02:54am

Stocks

Egypt index outperforms, major Gulf markets ease

DUBAI: Egypt’s stock market ended higher on Wednesday following a deep fall in the country’s inflation, while...

Published 08 Oct, 2020 02:54am

Stocks

Japan shares little changed

TOKYO: Japanese shares ended little changed on Wednesday, as fears of a slower economic recovery from the ...

Published 08 Oct, 2020 02:54am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 147,184 tonnes of cargo comprising 85,546 tonnes of import cargo and 61,638 tonnes...

Published 08 Oct, 2020 02:54am

Pakistan

Road projects under SPRIP: Sindh govt lauded for early, successful completion

KARACHI: Advisor to Chief Minister Sindh on Works & Services Nisar Ahmed Khuhro has highlighted and appreciated...

Published 08 Oct, 2020 02:54am

Opinion

PARTLY FACETIOUS: PTI legislators need some training

“I want to start a course for the PTI legislators – they need some training urgently…” “They have been in...

Published 08 Oct, 2020 02:54am

Pakistan

British envoy calls on Shallwani

KARACHI: British Deputy High Commissioner in Karachi Mike Nithavrianakis called on Administrator Karachi Iftikhar ...

Published 08 Oct, 2020 02:54am

Pakistan

SAI voices concern over gas and water shortage, power loadshedding

KARACHI: President Site Association of Industry (SAI), Abdul Hadi has showed serious concerns over gas shortage, low...

Published 08 Oct, 2020 02:54am

Pakistan

Opposition has no moral grounds to launch anti-govt movement: Shibli

KARACHI: Federal Minister for Information and Broadcasting Senator Shibli Faraz on Wednesday said the Pakistan...

Published 08 Oct, 2020 02:54am

Pakistan

Study reveals 2020 as the most stressful year for global workforce

KARACHI: The ongoing year (2020) has been the most stressful year in history for the global workforce and people ...

Published 08 Oct, 2020 02:54am

Opinion

Refund quagmire

Mercifully, the export figures for September have held up to six percent above those for September last year. It...

Published 08 Oct, 2020 02:54am

Exchange

WACOG: A solution? — I

Local gas resources are dwindling and gas demand is increasing continuously creating need for expensive imported ...

Published 08 Oct, 2020 02:54am

Opinion

The Asian city for an Asian century

The rise of empires and nations throughout history has followed the rise of their cities. The cities became ...

Published 08 Oct, 2020 02:54am

Letters

Two key appointments

Prime Minister’s office has made two key appointments in recent days. It has appointed former secretary finance, ...

Published 08 Oct, 2020 02:54am

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 08 Oct, 2020 02:54am

Forex

Exchange rates: buying and selling

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

Published 08 Oct, 2020 02:54am

Forex

Currency notes: exchange rates

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

Published 08 Oct, 2020 02:54am

Forex

Open market rates of foreign currencies

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

Published 08 Oct, 2020 02:54am

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 08 Oct, 2020 02:54am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Wednesday (October 7, 2020). ======================== Offer Price...

Published 08 Oct, 2020 02:54am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (October 7, 2020). ==================================== BR...

Published 08 Oct, 2020 02:54am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Wednesday (October 7, 2020)...

Published 08 Oct, 2020 02:54am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Wednesday (October 7, 2020). ======================== Bid Rate...

Published 08 Oct, 2020 02:54am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 08 Oct, 2020 02:54am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (October 7, 2020). ======================================= Offset...

Published 08 Oct, 2020 02:54am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 7, 2020)...

Published 08 Oct, 2020 02:54am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Life & Style

AAJ PROGRAM SCHEDULE

Thursday, October 08, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 08 Oct, 2020 02:54am

Energy

SAPM assures LNG terminal operators of all facilitation

ISLAMABAD: Nadeem Babar, Special Assistant to the Prime Minster (SAPM) on Petroleum chaired a stakeholders’...

Published 08 Oct, 2020 02:54am

Commodities

US MIDDAY: Gold gains

NEW YORK: Gold rose on Wednesday after concerns over further US stimulus to support the virus-hit economy eased and...

Published 08 Oct, 2020 02:54am

Commodities

US MIDDAY: Wheat, soya futures hit multi-year highs

CHICAGO: US wheat and soyabean futures jumped to multi-year highs on Wednesday as unfavorable weather threatened...

Published 08 Oct, 2020 02:54am

Commodities

Gold rises in Europe

LONDON: Gold rose on Wednesday after concerns over further US stimulus to support the virus-hit economy waned, with...

Published 08 Oct, 2020 02:54am

Cotton & Textile

Cotton jumps to highest since Feb as Hurricane Delta threatens crop

NEW YORK: ICE cotton futures jumped on Wednesday to the highest price in more than seven months, due to concerns...

Published 08 Oct, 2020 02:54am

Cotton & Textile

New York cotton

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

Published 08 Oct, 2020 02:54am

Commodities

Sugar hits seven-month high above 14 cents

LONDON: Raw sugar futures on ICE hit scaled a seven-month peak on Wednesday, disregarding jitters in wider financial...

Published 08 Oct, 2020 02:54am

Commodities

Palm oil moves higher

KUALA LUMPUR: Malaysian palm oil futures ended nearly 2% higher on Wednesday, rising for a third straight session as...

Published 08 Oct, 2020 02:54am

Commodities

Japan rubber futures slide

TOKYO: Japanese rubber futures slid on Wednesday as US President Donald Trump’s move to halt talks on further...

Published 08 Oct, 2020 02:54am

Energy

Oil falls 3pc on US stimulus impasse, stockpile rise

• Oil platforms shut in US Gulf as Hurricane Delta strengthens NEW YORK: Oil prices fell 3% on Wednesday after US...

Published 08 Oct, 2020 02:54am

Commodities

Copper prices jump

LONDON: Copper jumped on Wednesday as expectations of improving growth and robust demand boosted sentiment and...

Published 08 Oct, 2020 02:54am

Cotton & Textile

Business activity remains stable on cotton market

KARACHI: Business activity remained stable on the local cotton market on Wednesday. Market sources told that the ...

Published 08 Oct, 2020 02:54am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 7, 2020)....

Published 08 Oct, 2020 02:54am

Grains

Russian wheat export prices rise

MOSCOW: Russian wheat export prices rose last week in response to higher Chicago prices, the IKAR consultancy said ...

Published 08 Oct, 2020 02:54am

Currency	Rate
USD PKR Interbank Selling / Jun 30	278.36
USD PKR Interbank Buying / Jun 30	278.16
USD to Japanese Yen / Jul 1	162.72
USD to Swiss Franc / Jul 1	0.81
Pound Sterling to USD / Jul 1	1.32
Euro to USD / Jul 1	1.14
SOFR % / Jul 1	3.62

Stock	Volume
S&P 500 / Jun 30	7,499.36
Nasdaq / Jun 30	26,213.72
Dow Jones / Jun 30	52,319.20
India Sensex / Jul 1	76,897.91
Tokyo Nikkei / Jul 1	70,474.96
Hang Seng / Jul 1	22,881.02
FTSE 100 / Jul 1	10,472.35
Germany DAX 30 / Jul 1	25,081.59
France CAC40 / Jul 1	8,366.87

Item	Value
Crude Oil USD/Barrel / Jul 1	68.78
Karachi Cotton PKR/37.32 KG / Jul 1	17,780
Gold 10 Grams PKR / Jul 1	359,770
Gold Spot USD/Ounce / Jul 1	3,986.22
Cotton US¢/pound / Jul 1	77.40
Petrol/Litre / Jul 2	299.50
Diesel/Litre / Jul 2	311.47

Stock	Price
Blue-Ex Ltd / Jul 1 Blue-Ex Limited(BLUEX)	9.16 ▲ 1 (12.25%)
Asim Textile / Jul 1 Asim Textile Mills Limited(ASTM)	25.70 ▲ 2.34 (10.02%)
First Fid. Leasing / Jul 1 First Fidelity Leasing Modaraba(FFLM)	24.27 ▲ 2.21 (10.02%)
Hala Enterprise / Jul 1 Hala Enterprises Limited(HAEL)	29.22 ▲ 2.66 (10.02%)
Frontier Ceramics / Jul 1 Frontier Ceramics Limited(FRCL)	86.52 ▲ 7.87 (10.01%)
J.A.Textile / Jul 1 J.A. Textile Mills Limited(JATM)	44.62 ▲ 4.06 (10.01%)
Paramount Mod / Jul 1 First Paramount Modaraba(FPRM)	14.07 ▲ 1.28 (10.01%)
Fateh Ind. / Jul 1 Fateh Industries Limited(FIL)	242.24 ▲ 22.02 (10%)
P.T.C.L. / Jul 1 Pakistan Telecommunication Company Ltd(PTC)	72.07 ▲ 6.55 (10%)
S.G.Power / Jul 1 S.G. Power Limited(SGPL)	88.15 ▲ 8.01 (10%)

Stock	Price
First Tri-Star Mod. / Jul 1 First Tri-Star Modaraba(FTSM)	38.65 ▼ -4.25 (-9.91%)
Gulistan Sp. / Jul 1 Gulistan Spinning Mills Limited(GUSM)	11.11 ▼ -1 (-8.26%)
Haseeb Waqas / Jul 1 Haseeb Waqas Sugar Mills Limited(HWQS)	17.76 ▼ -1.36 (-7.11%)
Kohat Textile / Jul 1 Kohat Textile Mills Limited(KOHTM)	161.43 ▼ -11.04 (-6.4%)
Meezan PakistanXD / Jul 1 Meezan Pakistan ETF(MZNPETF)	18.43 ▼ -1.24 (-6.3%)
Zephyr Textile / Jul 1 Zephyr Textiles Limited(ZTL)	22.05 ▼ -1.42 (-6.05%)
Husein Industries / Jul 1 Husein Industries Limited(HUSI)	61.84 ▼ -3.5 (-5.36%)
Prosperity Weav / Jul 1 Prosperity Weaving Mills Limited(PRWM)	64.15 ▼ -3.56 (-5.26%)
Dewan Farooque Sp. / Jul 1 Dewan Farooque Spinning Mills Limited(DFSM)	24.69 ▼ -1.31 (-5.04%)
AN Textile Mills / Jul 1 AN Textile Mills Limited(ANTM)	37.46 ▼ -1.94 (-4.92%)

Stock	Volume
K-Electric Ltd. / Jul 1 K-Electric Limited(KEL)	82,666,150 ▼ -0.21
B.O.Punjab / Jul 1 The Bank of Punjab(BOP)	77,111,046 ▲ 1.22
P.T.C.L. / Jul 1 Pakistan Telecommunication Company Ltd(PTC)	28,752,273 ▲ 6.55
PIA Holding Co.Ltd / Jul 1 PIA Holding Company Limited(PIAHCLA)	27,698,338 ▲ 0.33
Pak Qatar Family / Jul 1 Pak Qatar Family Takaful Limited(PAKQATAR)	24,952,487 ▲ 1.98
WorldCall Telecom / Jul 1 Worldcall Telecom Limited(WTL)	23,251,243 ▲ 0.04
Hascol Petrol / Jul 1 Hascol Petroleum Limited(HASCOL)	23,061,705 ▼ -0.21
Askari Bank / Jul 1 Askari Bank Limited(AKBL)	22,929,384 ▲ 2.76
Pak Int.Bulk / Jul 1 Pakistan International Bulk Terminal(PIBTL)	20,096,607 ▼ -0.23
Maple Leaf Cement / Jul 1 Maple Leaf Cement Factory Limited(MLCF)	20,049,681 ▲ 0.52