News Archives for Latest - 2020-10-12

Asim Bajwa resigns as PM's advisor on Information

Bajwa tendered his resignation to the PM in September, which the PM had refused to accept.

Updated 13 Oct, 2020 08:01pm

Commodities

CBOT soybeans see biggest drop since March 16

Most-active CBOT November soybeans ended 31-3/4 cents lower at $10.33-3/4 a bushel, the biggest drop since March 16.
CBOT December soymeal ended down $9.40 at $354.30 per short ton while December soyoil finished down 0.85 cent at 33.16 cents per pound.

Published 12 Oct, 2020 11:58pm

Stocks

Wall Street surges on Apple, Microsoft, Amazon

Apple jumps ahead of Tuesday event.
Twitter rises after Deutsche Bank upgrades to "buy".
White House calls for limited COVID-19 relief bill.
Indexes: Dow +1.13%, S&P 500 +2.01%, Nasdaq +3.16.

Published 12 Oct, 2020 11:57pm

Stocks

World stocks zoom to 5-week highs on economic, stimulus hopes

Hopes that the top Wall Street banks will announce a decent set of third-quarter earnings this week.
The S&P 500 jumped by 65 points, or 1.89%, to 3,542.51, while the Dow Jones Industrial Average rose 316 points,

Published 12 Oct, 2020 11:53pm

Energy

Oil prices fall 3pc as US, Libyan, Norwegian supplies resume

Force majeure lifted at Libya's Sharara oilfield.
Hurricane Delta downgraded on Sunday.
Norway oil strike ended on Friday.

Updated 12 Oct, 2020 11:53pm

Pakistan

Hafeez stresses for drastic measures to curb inflation

The Advisor also directed the Chief Secretaries to minimize price disparity by streamlining the release of wheat at regular intervals to avoid profiteering.

Updated 12 Oct, 2020 08:50pm

Pakistan

Motorway rape incident: Prime suspect Abid Malhi arrested from Faisalabad

The suspect is being shifted to Lahore for taking his DNA test and for interrogation

Updated 12 Oct, 2020 08:49pm

Pakistan

Gold prices increase Rs300 to Rs116,500

Likewise, the price of 10 grams gold also increased by Rs. 257 and was traded at Rs. 99,880 against its sale at Rs. 99,623, Karachi Sarafa Association reported.

Updated 12 Oct, 2020 08:41pm

Pakistan

Inflation control remains biggest challenge for govt: Ali Muhammad

Talking to a private news channel, he admitted that the price hike was indeed a biggest challenge to Pakistan Tehreek-e-Insaf (PTI) government and the people of the country as well.

Updated 12 Oct, 2020 08:38pm

World

Affordable education to drive international schools market growth, claims research

The data shows 1.15% of the international schools market are sister schools of foreign independent schools or affiliated with a foreign independent school brand through a management or service agreement. This sector of the market is being led by British brands.

Updated 12 Oct, 2020 08:37pm

Pakistan

World viewing Pakistan as 'solution, not problem' as India's narrative successfully countered: FM

The Foreign Minister said pursuing an independent foreign policy was a dream, without securing economic stability and food security.

Updated 12 Oct, 2020 08:37pm

Pakistan

35 new COVID-19 cases reported in capital: NCOC

According to an official of NCOC, as many as 86 cases were reported the other day and so far total 17,331 cases surfaced from the federal capital.

Updated 12 Oct, 2020 08:35pm

PM, Australian counterpart discuss bilateral ties, int'l issues

He noted that his government’s emphasis had been on saving lives, securing livelihoods, and stimulating the economy.

Published 12 Oct, 2020 07:49pm

Pakistan

Car sale up 8.57pc in September

The newly launched Toyota Yaris witnessed a sale of 2,421 units in September compared to the sale of 1,705 units in August 2020 showing an increase of 42 percent.

Published 12 Oct, 2020 07:47pm

Pakistan

Citizen should avoid going to congested places to avoid corona: CM

In a statement, he said the number of active corona cases was 1,561 while 11,082 were tested during the last 24 hours, says a handout.

Published 12 Oct, 2020 07:42pm

Pakistan

Asad Qaiser reviews development projects in Swabi

He said that development of Swabi district was linked with early completion of all development projects.

Published 12 Oct, 2020 07:40pm

Pakistan

Pakistan being viewed as solution not problem for Afghanistan: Qureshi

Foreign minister says there is need to promote Digital Diplomacy in projecting the positive image of the country

Updated 12 Oct, 2020 07:38pm

Pakistan

Omar expects int’l investment in LNG sector under open market regime

The initiative was meant to evacuate additional RLNG volumes from the two existing terminals and the LNG terminals, being developed by the private sector.

Published 12 Oct, 2020 07:34pm

Pakistan

Bullion prices on Monday

Following were the bullion prices in Karachi on Monday.

Updated 12 Oct, 2020 07:32pm

Business & Finance

Toyota surges, Suzuki declines as Pakistan auto sector gains momentum

According to the Automobile Industry Report by PAMA, the automobile industry of Pakistan recovered with a 20% month-on-month increase in passenger car sales in September 2020.

Published 12 Oct, 2020 07:05pm

Pakistan

COVID-19 positivity rate rises above four percent in Karachi: CM Murad

Chief minister says Sindh government has sealed 224 restaurants across the province for violating coronavirus SOPs

Published 12 Oct, 2020 07:01pm

Forex

Russian rouble slips as oil prices, risk appetite fade

By 1211 GMT, the rouble was 0.3pc weaker against the dollar at 77.97, pulling away from its strongest mark since Sept. 25 of 76.66 reached in the previous trading session.

Published 12 Oct, 2020 06:56pm

Stocks

Sri Lankan shares end higher for fourth session as industrial, consumer stocks rise

Trading volume on the CSE All Share Index was 68.4pc higher at 360.51 million compared to the last full trading day.

Published 12 Oct, 2020 06:54pm

Commodities

Corn up 1-2 cents, soy down 3-5 cents, wheat mixed

Wheat futures steadying after most-active CBOT soft red winter wheat contract hit its highest since June 2015 last week.

Published 12 Oct, 2020 06:52pm

Middle East

Oman to implement 5pc value-added tax in six months

The tax will be on most goods and services, with some exceptions, according to a video presentation shown on Oman TV.

Published 12 Oct, 2020 06:49pm

Stocks

Wall Street gains at open on tech boost, stimulus optimism

The Dow Jones Industrial Average rose 84.22 points, or 0.29pc, at the open to 28,671.12.

Published 12 Oct, 2020 06:45pm

Europe

France tells Turkey to refrain from new provocations in Med

"We expect Turkey to meet its commitments, abstain from new provocations and show concrete evidence of good faith," Foreign Ministry spokeswoman Agnes von der Muhll said.

Published 12 Oct, 2020 06:42pm

Europe

Four of pope's Swiss Guards test positive for Covid-19

The Swiss Guards, an army created in 1506 by Pope Julius II for his protection, currently number over 100.

Published 12 Oct, 2020 06:41pm

Europe

Greece slams Turkish decision to send out research ship

The move comes as Athens and Ankara are trying to set a date for talks to defuse the row between the two NATO neighbours.

Published 12 Oct, 2020 06:38pm

USA

Senate starts confirmation hearing on Trump's Supreme Court pick

Graham praised the late justice Ruth Bader Ginsburg, whose death in September opened the way for Barrett's nomination, and "we're going to fill that vacancy with another great woman," he said.

Published 12 Oct, 2020 06:36pm

Europe

EU ready to sanction Russia over Navalny poisoning

On Belarus, the ministers said they were ready to sanction strongman leader Lukashenko, as the bloc seeks to step up pressure over his regime's crackdown on protesters.

Published 12 Oct, 2020 06:33pm

Pakistan

385 new coronavirus cases reported; 10 deaths in past 24 hours

Around 304,185 people have recovered from the disease so far across Pakistan making it a significant count with over 90 percent recovery ratio of the affected patients.

Published 12 Oct, 2020 06:10pm

Pakistan, China creating border disputes "under a mission", says Indian defence minister

Singh inaugurated 44 bridges in seven border states for movement of ration and military equipment to sustain security forces posted in remote areas during winter

Updated 12 Oct, 2020 06:13pm

Exchange

Rupee strengthens against US dollar

In interbank trading, the price of euro appreciated by 13 paisas and closed at Rs. 193.50 against the last day’s trading of Rs. 193.37, State Bank of Pakistan reported.

Published 12 Oct, 2020 06:08pm

Pakistan

Promotion of social, cultural, religious values essential to tackle challenges of current era: PM

The Prime Minister expressed these views during the meeting with a delegation of renowned religious personalities from Khyber Pakhtoonkhawa, which called on him here.

Updated 12 Oct, 2020 06:08pm

Pakistan

Haleem Adil takes strong exception to PPP government's inability to handle flood related crisis in Sindh

"The loss is immense as hundreds of the families many need to start from the which is scratch," said the MPA visiting, at regular intervals, the flood hit parts of Sindh.

Updated 12 Oct, 2020 06:02pm

PM asks Tiger Force to regularly check eatables’ prices

ISLAMBAD: A day after promising to bring down the prices of essential commodities, Prime Minister Imran Khan asked...

Updated 12 Oct, 2020 05:59pm

Currency

No change in foreign exchange rules, clarifies SBP

KARACHI: The State Bank of Pakistan (SBP) said on Sunday that there is no change in State Bank’s existing...

Updated 12 Oct, 2020 05:59pm

Pakistan

Southern Punjab: Roomi, Buzdar discuss promotion of industrial activities

LAHORE: Former Multan Chamber of Commerce and Industries President and newly-elected President of D G Khan Chamber ...

Updated 12 Oct, 2020 05:58pm

Pakistan

Islands issue: Sindh refuses to hold talks with federal govt until revocation of PIDA

Prime Minister Imran Khan in his meeting with Governor Sindh Imran Ismail last week, directed him to hold talks with the provincial government over the matter after reservations.

Updated 12 Oct, 2020 05:55pm

Pakistan

IGP Punjab’s appointment challenged in LHC

Last month, Inam Ghani had been appointed at the IGP Punjab after the federal government decided to remove Inspector General (IG) Punjab Shoaib Dastagir from his post.

Updated 12 Oct, 2020 05:53pm

Money & Banking

KSA, UAE remain Pakistan’s top remittance destinations

Saudi Arabia was the leading country for Pakistani workers, who remitted $665.82 million in September 2020 as compared to $515.75mn remitted in the same period last year showing an increase of over 29 percent.

Updated 12 Oct, 2020 05:53pm

Exchange

IHC extends stay order in SECP inquiry case

During the course of proceeding, the counsel for SECP prayed the court to grant more time for submission of preparation and file comments against the above petition.

Published 12 Oct, 2020 05:41pm

Pakistan

Governor Sarwar inaugurates solar power plant at UET

He said that UET's solar energy project was a beacon for other universities, adding that the government was encouraging alternative energy sources.

Published 12 Oct, 2020 05:40pm

Bullion Rate

Bullion rates in Hyderabad gold market

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

Published 12 Oct, 2020 05:38pm

Pakistan

Court adjourns Pervaiz Ashraf's acquittal pleas till Oct 27

He said that an identical case was pending before the IHC and prayed the court to postpone arguments on it till the judgment.

Published 12 Oct, 2020 05:37pm

PM for unity against anti-state elements striving to spread disarray in society in guise of religion

He hoped that the National Commission for Minorities (NCM) would play its effective role in that respect.

Published 12 Oct, 2020 05:32pm

Middle East

Iran says 'historic' US defeat close as arms embargo to be lifted

Washington suffered a setback in August when it failed to win support from the United Nations Security Council to indefinitely extend the embargo.

Published 12 Oct, 2020 05:22pm

Pakistan

Asif Zardari shifted to ICU after severe chest infection

The former president was shifted to hospital after feeling unwell late Sunday evening.

Updated 12 Oct, 2020 05:24pm

Industry

Virus-blighted British Airways announces shock CEO departure

Parent group IAG added in a statement that the Spanish businessman, who had been BA chief executive for four and half years, will be replaced by its Aer Lingus boss Sean Doyle.

Published 12 Oct, 2020 05:18pm

Europe

Climate change spurs doubling of disasters since 2000: UN

The figure far outstrips the 4,212 major natural disasters recorded between 1980 and 1999, the UN office said in a new report entitled "The Human Cost of Disasters 2000-2019".

Published 12 Oct, 2020 05:16pm

Asia

Malaysia imposes new coronavirus curbs as cases surge

The government slowly eased curbs and life had been returning to normal but cases surged again, with authorities reporting hundreds each day over the past week.

Published 12 Oct, 2020 05:15pm

Europe

Global deal on taxing tech giants still beyond reach: OECD

The coronavirus crisis hindered progress this year on implementing a levy, even though "the Covid-19 pandemic makes the need for a solution even more compelling," the OECD said.

Published 12 Oct, 2020 05:11pm

Europe

EU agrees to sanction Belarus leader

Two diplomatic sources said the 27 ministers meeting in Luxembourg had agreed Lukashenko's name should join a list of 40 of his officials already sanctioned by the EU.

Published 12 Oct, 2020 05:08pm

World

American economists win Nobel Prize for contributions to auction theory

The Royal Swedish Academy of Sciences states that both economists used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way

Published 12 Oct, 2020 04:55pm

Europe

Russia expels two Bulgarian diplomats in tit-for-tat move

The Russian foreign ministry said in a statement that Bulgarian ambassador Atanas Krystin was summoned to be informed that that the two Bulgarian diplomats based in Moscow had been declared "personae non gratae".

Published 12 Oct, 2020 05:05pm

Europe

Ukraine ex-president discharged from hospital after Covid treatment

Poroshenko was discharged from hospital "as his health condition has improved," his political party European Solidarity said on Facebook.

Published 12 Oct, 2020 05:03pm

Africa

South African president says farm attacks 'not genocidal'

His appeal came after a group of mainly white farmers stormed a courthouse on Wednesday during the hearing of two black suspects accused of killing a 22-year-old farm manager.

Published 12 Oct, 2020 05:00pm

Business & Finance

Tesco suspends avocado supply from Kenyan plantation on rights concerns

Britain's biggest grocery retailer announced the move after law firm Leigh Day said Sunday it had initiated legal action against UK firm Camellia, whose subsidiary runs the site.

Published 12 Oct, 2020 04:59pm

Pakistan

Punjab witnesses increase in COVID-19 cases in first 11 days of Oct

As many as 670 cases of coronavirus were reported in the first 11 days of October.

Updated 12 Oct, 2020 04:58pm

Business & Finance

General Motors reports first quarterly China sales growth in two years

The second-biggest foreign automaker in China by units - after Germany's Volkswagen AG - said on Monday it delivered 771,400 vehicles in China in the third quarter.

Published 12 Oct, 2020 04:53pm

Stocks

Japan stocks end lower on profit taking as investors await earnings

The second-biggest decliner in the Nikkei was engineering conglomerate JGC Holdings Corp losing 4.27pc, followed by Citizen Watch Co Ltd down by 3.94pc.

Published 12 Oct, 2020 04:50pm

Commodities

Palm oil jumps more than 3pc on stronger Dalian oils, higher exports

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 12 Oct, 2020 04:48pm

Stocks

South Korea shares extend rally to eighth day on US stimulus hopes

The benchmark KOSPI ended up 11.77 points, or 0.49pc, at 2,403.73, the highest close since Sept. 18.

Published 12 Oct, 2020 04:45pm

Commodities

Ukraine export wheat prices hit two-season high

Ukrainian 12.5pc protein Black Sea wheat prices added $6-$7 a tonne over the past week, the consultancy said in a report.

Published 12 Oct, 2020 04:43pm

Commodities

London copper rises for 5th day on hopes of China demand, US stimulus

China will invest close to $900 billion over the next five years to develop the country's power grids, state media reported.

Published 12 Oct, 2020 04:40pm

Europe

UK PM Johnson to impose further COVID-19 restrictions but anger rising

Dowden said there was academic research that showed the risk of spreading the virus was higher in hospitality settings such as bars and restaurants.

Published 12 Oct, 2020 04:38pm

Stocks

Energy stocks weigh on FTSE 100, new COVID-19 measures awaited

The blue-chip FTSE 100 index fell 0.3pc, weighed down by oil majors BP Plc and Royal Dutch Shell, while the mid-cap index remained flat.

Published 12 Oct, 2020 04:36pm

Stocks

China stocks notch best day in 3 months as investors cheer policy support

The blue-chip CSI300 index rose 3pc to 4,823.16, its best day since July 6, while the Shanghai Composite Index gained 2.6pc to 3,358.47 points, its best session since July 20.

Published 12 Oct, 2020 04:33pm

Europe

Russia reports 13,592 new coronavirus cases, 125 deaths

Officials also said 125 people had died in the previous 24 hours, pushing the official death toll to 22,722.

Published 12 Oct, 2020 04:32pm

Currency

Turkish central bank tightens again via lira reserves

The bank also said it halved the commission rate on required reserves for forex deposits and participation funds.

Published 12 Oct, 2020 04:30pm

Forex

South Africa's rand firms slightly in early trade

At 0700 GMT the rand was 0.03pc firmer at 16.4925 per dollar compared to an close of 16.4975 on Friday in New York.

Published 12 Oct, 2020 04:28pm

Forex

Kenyan shilling holds steady against the dollar

At 0719 GMT, commercial banks quoted the shilling at 108.45/65, the same level as Friday's close.

Published 12 Oct, 2020 04:27pm

Commodities

Ukraine sunoil export prices jump over last week

Bid-ask sunoil export prices rose to $955-$990 per tonne FOB (free on board) Black Sea for October-November delivery, the consultancy said.

Published 12 Oct, 2020 04:26pm

Money & Banking

Bank of England asks banks how ready they are for sub-zero rates

The BoE cut its benchmark rate to record low of 0.1% in March to help the economy through the coronavirus crisis.

Published 12 Oct, 2020 04:23pm

Financial

Italian yields at record lows as markets bet on a further ECB boost

This reflects a slower-than-expected economic recovery in Europe and remarks from key policymakers that suggest the need for further monetary and fiscal stimulus, analysts said.

Published 12 Oct, 2020 04:22pm

Industry

Daimler, Swiss Re launch mobility insurance venture

Daimler, which has spent decades refining advanced driver assistance systems, sees an opportunity for monetizing its know-how about vehicle safety.

Published 12 Oct, 2020 04:19pm

Business & Finance

Eyeing expansion in Pakistan & KSA, Retailo raises $2.3mn pre-seed

Retailo, a B2B retail supply chain startup, came out of stealth by raising $2.3 million in a pre-seed round led by the Shorooq Partners.

Published 12 Oct, 2020 04:15pm

Business & Finance

Russia's air passenger traffic falls 32.5pc year on year in September

Russia grounded international flights due to the coronavirus outbreak earlier this year, but has since resumed several select routes.

Published 12 Oct, 2020 04:17pm

South Asia

Philippines reports 3,564 coronavirus cases, highest rise in 3 weeks

In a bulletin, the health ministry also recorded 11 more fatalities, taking the country's death toll to 6,332.

Published 12 Oct, 2020 04:16pm

Commodities

Taiwan's MFIG tenders to buy up to 65,000 tonnes corn

Shipment is between Dec. 26 and Jan. 14 if the corn is sourced from the US Gulf, Brazil or Argentina, they said.

Published 12 Oct, 2020 04:15pm

Pakistan, ITFC sign $386mn agreement for oil, LNG import

The facility will be utilized by Pakistan State Oil Company Limited (PSO), Pakistan Arab Refinery Limited, and Pakistan LNG Limited.

Published 12 Oct, 2020 03:57pm

Stocks

Major Gulf markets gain as financial shares rise

The benchmark index in Saudi Arabia gained 0.2pc, with Samba Financial Group rising 2.7pc, while National Commercial Bank (NCB) was up 1.7pc.

Published 12 Oct, 2020 04:14pm

Forex

Russian rouble slides as oil prices, risk appetite fade

At 0808 GMT, the rouble was 0.3pc weaker against the dollar at 77.00, pulling away from its strongest mark since Sept. 25 of 76.66 reached in the previous trading session.

Published 12 Oct, 2020 04:12pm

Forex

Dollar sticks near three-week lows as markets bet on eventual US stimulus

The dollar index was at 93.118 at 0729 GMT, flat on the day and having almost completely reversed its recovery at the end of September.

Published 12 Oct, 2020 04:10pm

Stocks

Indian shares fall as investors eye stimulus details; Mumbai hit by power outage

The Nifty Bank Index, which had risen as much as 1.4pc earlier in the session, reversed its course and was last down 0.8pc.

Published 12 Oct, 2020 04:08pm

Exchange

Turkish unemployment holds steady at 13.4% in July period

The participation rate - the number of people in employment or seeking work - was 50.3%, compared with 49% a month earlier, though it was well short of the 53.8% rate last year.

Published 12 Oct, 2020 04:07pm

Energy

UK GAS-Prices fall on end of Norway strike, mild outlook

Traders pointed to the end of Norway's oil and gas strike, which had threatened to cuts almost 25% of its oil and gas output this week, as a key driver.

Published 12 Oct, 2020 04:05pm

Stocks

European shares track Asia to gain on rebound optimism

The pan-European STOXX 600 was up 0.3pc, with insurance and auto stocks among the biggest gainers.

Published 12 Oct, 2020 04:03pm

Middle East

Abu Dhabi crown prince says he and Netanyahu discussed boosting UAE-Israeli ties

Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan tweeted on on Monday that he had had a phone call with Israeli Prime Minister Benjamin Netanyahu to discuss strengthening bilateral ties .

Published 12 Oct, 2020 04:01pm

Asia

Indonesia reports 3,267 new coronavirus infections, 91 deaths

The new infections brought the total number of confirmed cases in the Southeast Asian country to 336,716, while the death tally rose to 11,935.

Published 12 Oct, 2020 03:59pm

Commodities

Vietnam Sept coffee exports down 0.5pc m/m; rice down 36.4pc

Coffee shipments in the first nine months of this year fell 1.4pc from a year earlier to 1.25 million tonnes, the Customs Department said in a statement.

Published 12 Oct, 2020 03:58pm

Forex

Sterling holds above $1.30 ahead of new lockdown measures

Sterling was down 0.2pc at $1.3022 at 0838 GMT, not far from the one-month high it touched on Friday.

Published 12 Oct, 2020 03:57pm

Stocks

Hong Kong stocks track mainland higher on policy cheer

The sub-index of the Hang Seng tracking energy shares rose 0.6pc, while the IT sector advanced 3.23pc, the financial sector ended 2.14pc higher and the property sector climbed 1.11pc.

Published 12 Oct, 2020 03:47pm

Pakistan

Naval Chief Admiral Amjad pays courtesy call on PM

Prime minister congratulated the new naval chief on assuming the office and wished him success for his tenure

Published 12 Oct, 2020 03:41pm

Europe

French PM does not rule out local lockdown due to COVID-19 spike

President Emmanuel Macron will speak about the epidemic in television interviews on Wednesday evening, franceinfo radio and BFM TV said.

Published 12 Oct, 2020 03:45pm

Pakistan

Maulana Adil was not provided security due to SC's order, says Ghani

In 2018, Justice Nisar had ordered the withdrawal of security from unauthorized persons across the country.

Published 12 Oct, 2020 03:46pm

Money & Banking

Russian central bank sells 20bn roubles at rare one-year repo auction

The bank said on Friday it would offer up to 400 billion roubles at the one-year auction, testing demand for long-term rouble liquidity with its benchmark interest rate at a record low of 4.25pc.

Published 12 Oct, 2020 03:43pm

Energy

Oil prices fall as supply concerns ease

Brent crude was down 41 cents to $42.44 a barrel by 0650 GMT and US West Texas Intermediate was at $40.18, down 42 cents.

Published 12 Oct, 2020 03:41pm

Stocks

FTSE 100 flat as PM Johnson prepares new COVID-19 measures

The blue-chip FTSE 100 recouped early losses but was flat at 0854 GMT as a jump in financial and mining stocks offset the decline in energy stocks.

Published 12 Oct, 2020 03:39pm

Pakistan

Heatwave alert issued for Karachi

Heat wave would prevail over the city during the next six to eight days with the temperature expected to reach between 40 to 42 degrees Celsius.

Updated 12 Oct, 2020 03:40pm

Commodities

Ivory Coast issues 91 cocoa export licences for 2020/21 season

Below is the list of exporters and cooperatives authorised by the Coffee and Cocoa Council (CCC) to purchase and export cocoa beans and products this season.

Published 12 Oct, 2020 03:36pm

Commodities

Gold slips from three-week high as dollar ticks up

Spot gold was down 0.5pc at $1,920.51 per ounce by 0920 GMT, after hitting its highest since Sept. 21 at $1,932.96 earlier in the session.

Published 12 Oct, 2020 03:32pm

Europe

Italy to ban parties among new rules to curb COVID-19

The decree, which could be issued as early as Monday, prohibits people from hosting more than 10 guests in their homes or in any other private premises.

Published 12 Oct, 2020 03:29pm

Commodities

China sets 2021 sugar import quota at 1.945mn tonnes

Among the total import quota for the commodity, 70% would be allocated to state-owned firms, the Ministry of Commerce said in a notice published on its website.

Published 12 Oct, 2020 03:26pm

Exchange

China's yuan extends losses after PBOC changes reserves requirement

The offshore yuan was last down 0.9pc versus the US dollar, changing hands at 6.7510 at 0954 GMT.

Published 12 Oct, 2020 03:24pm

World

Worldwide coronavirus cases cross 37.42 million, death toll at 1,074,688

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

Published 12 Oct, 2020 03:23pm

World

Taliban launch major assault on outskirts of Afghanistan's Helmand Province

Several families, including some pro-government tribal leaders and police officers, have fled their homes to escape the fighting

Updated 12 Oct, 2020 03:24pm

Commodities

Russian wheat prices rise amid high demand, dry weather

Sovecon, another Moscow consultancy, said wheat rose by $4 to $239 per tonne, while barley rose by $6 to $203 a tonne.

Published 12 Oct, 2020 03:21pm

Europe

Greece says Turkey lacks credibility after new sail to disputed waters

Earlier on Monday Turkey issued a maritime advisory that it planned to dispatch the Oruc Reis survey vessel to the region, drawing strong criticism from Greece.

Published 12 Oct, 2020 03:20pm

Currency

Japan must revise BOJ law to speed digital yen, enshrine inflation goal

But the target is not stipulated under the BOJ law, which says only that its role is to ensure Japan's price moves and financial system are stable.

Published 12 Oct, 2020 03:13pm

Pakistan

SHC admits plea of convicts against ATC's verdict in Baldia Factory fire case

The convicts have challenged their sentences saying the ATC ignored key evidence while deciding the case

Published 12 Oct, 2020 02:18pm

Technology

Japan plans to recruit Pakistani tech workers

A chronic shortage of skilled labour in Japan has propelled Japanese companies to look for tech workers in Pakistan, says Kuninori Matsuda, the Japanese ambassador to Pakistan

Published 12 Oct, 2020 02:03pm

Business & Finance

Govt to spend Rs18bn to address urbanization challenges

Pakistan has the highest rate of urbanization in South Asia, and as per the Population Census of 2017; urbanization had increased from 32.52 percent to 36.38 percent from 1998 to 2017.

Published 12 Oct, 2020 12:55pm

Pakistan

Punjab may witness second COVID-19 wave, another lockdown as cases rise

On Sunday, the province reported the highest number since August 15 after 203 people tested positive for COVID-19.

Updated 12 Oct, 2020 12:58pm

Business & Finance

Pakistan’s remittances continue strong trend, remain over $2bn in Sept

They increased to $2.3 billion, 31.2 percent higher than the same month last year and 9 percent higher than in August.

Updated 12 Oct, 2020 12:30pm

Pakistan

Asia-Pacific Group decides to keep Pakistan on enhanced follow-up list

The Asia-Pacific Group (APG) on Money Laundering has retained Pakistan on its “Enhanced Follow-Up” list, due to the limited progress on the technical recommendations of the Financial Action Task Force (FATF) pertaining to terror financing.

Published 12 Oct, 2020 12:13pm

Business & Finance

Curbing food inflation: Govt decides to import tomatoes, onions

The government has decided to import tomatoes and onions from Iran due to high prices of tomatoes and onions in the country.

Published 12 Oct, 2020 12:23pm

Pakistan

SC issues notice to PM for attending Insaf Lawyers Forum's event

Justice Qazi Faez Isa said that the PM is the leader of every individual and he cannot line up with any particular group.

Published 12 Oct, 2020 12:24pm

Currency

Made-in-Pakistan: Improving Global Perceptions

The ‘Made-in-Pakistan’ label has the potential to become a symbol of repute, but this aspiration must be...

Published 12 Oct, 2020 11:17am

Perspectives

Consumers' Dilemma and the gas sector crisis in Pakistan

Pakistan’s energy crisis resulting from expensive fuel sources, chronic natural gas and electricity shortages,...

Updated 12 Oct, 2020 11:15am

Business & Finance

Amid rise in COVID cases, PIA issues further SOPs

As per details, spokesperson PIA orders have been issued to all concerned departments and officers to strictly implement the new SOPs.

Published 12 Oct, 2020 11:12am

Currency

SBP answers FAQs on foreign currency accounts operation

State Bank mentioned that it has been supporting the freelancer Community and IT exporters over the past many years, with a view to promote their business and especially exports.

Published 12 Oct, 2020 11:01am

Life & Style

Emily Ratajkowski is working on a book of essays titled ‘My Body’

Ratajkowski will explore “what it means to be a woman and a commodity,” how men treat women and why women permit it.

Published 12 Oct, 2020 10:34am

Business & Finance

Japan's machinery orders extend gains as business spending stabilises

The modest increase in core orders was a welcome sign of strength for the economy however, companies are still struggling from the hit to their corporate earnings.

Published 12 Oct, 2020 10:13am

Business & Finance

New Zealand signs deal with Pfizer, BioNTech for COVID-19 vaccine

The government did not disclose financial terms of the deal, its first vaccine purchase, which will provide enough doses to vaccinate 750,000 people.

Published 12 Oct, 2020 10:09am

Currency

Dollar off three-week low, yuan eases after PBOC move

The euro slipped 0.1% to $1.1817 while the Australian dollar shed 0.3% to $0.7222. The yen was little changed at 105.52 to the dollar JPY=.

Published 12 Oct, 2020 10:06am

World

Article 370 to be restored in Indian Occupied Kashmir with China’s help: Farooq Abdullah

He said China never accepted the abrogation of Article 370.

Published 12 Oct, 2020 09:59am

Business & Finance

Oil prices extend slide as U.S. producers restore output post-hurricane

Brent crude for December fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and U.S. West Texas Intermediate for November was at $40.30 a barrel, down 30 cents, or 0.7%.

Published 12 Oct, 2020 10:03am

World

Abdullah assured of India's "active involvement" in the peace dialogue

Dr. Abdullah Abdullah, Chairman of the High Council for National Reconciliation in Afghanistan, arrived in India on Tuesday for a five-day trip.

Published 12 Oct, 2020 09:47am

Currency

Food prices: fight poverty, not phantoms

At last some growth is in sight for an economy struggling to keep pace for the past two years, but the inflation is...

Published 12 Oct, 2020 07:51am

Currency

Food inflation: first, un-learn habits

“Government will be announcing various measures to reduce prices of basic food items for the common man in Cabinet...

Published 12 Oct, 2020 07:50am

BR Research

Development: on track?

The political temperature is rising, but so is the government’s push for development spending. There is growing...

Published 12 Oct, 2020 07:49am

Currency

HASCOL – is there a way out?

Hascol Petroleum Limited (PSX: HASCOL) has only recently announced its financial performance for the first quarter ...

Published 12 Oct, 2020 07:49am

Currency

An interview with Mujtaba Rahim, President & CEO, Archroma Pakistan Limited

“Water scarcity will bring many problems for developing markets like Pakistan” Mujtaba Rahim, holding a...

Published 12 Oct, 2020 07:30am

Pakistan

Six people returning from Iran kidnapped in Panjgur

PANJGOR: Unidentified men have abducted six pilgrims returning from Iran in Isa Zai area of Balochistan’s Panjgur...

Updated 12 Oct, 2020 04:06am

Pakistan

Dacoits loot Rs2.4m from jeweller in broad daylight

PESHAWAR: President of Goldsmith of Anjuman-i-Zagaran, Jalsai district Swabi was deprived of Rs 2.4 million in broad...

Updated 12 Oct, 2020 04:05am

Exchange

American high school: Pakistani students asked to apply online

ISLAMABAD: The Pakistani students desirous to study in the high schools of United States of America has been asked ...

Updated 12 Oct, 2020 04:05am

Pakistan

Maulana Adil laid to rest

KARACHI: Funeral prayers of renowned religious scholar Maulana Adil, who had been assassinated along with his driver...

Updated 12 Oct, 2020 04:05am

Pakistan

President condemns Maulana Adil’s murder

ISLAMABAD: President Dr Arif Alvi Sunday condemned the assassination of Jamia Farooqia head Maulana Adil and ...

Updated 12 Oct, 2020 04:04am

Pakistan

PTI regime discrediting country: Bilawal

KARACHI: Pakistan People’s Party (PPP) chairman Bilawal Bhutto-Zardari has said incompetent and selected ...

Updated 12 Oct, 2020 04:03am

Pakistan

Six more die of Covid-19 in Sindh

KARACHI: As many as six more patients of Covid-19 died lifting the death toll to 2,551 and 163 new cases emerged ...

Updated 12 Oct, 2020 04:03am

Pakistan

Pakistan welcomes ceasefire announced by Azerbaijan, Armenia

ISLAMABAD: Pakistan welcomed the humanitarian ceasefire announced by Azerbaijan and Armenia, and hoped that the...

Updated 12 Oct, 2020 04:02am

Pakistan

Pakistan condemns Indian state terrorism in IIOJK

ISLAMABAD: Pakistan strongly condemns unabated Indian state-terrorism and extra-judicial killings of innocent...

Updated 12 Oct, 2020 04:02am

Pakistan

Torkham terminal: No consignment of onion or tomato stuck up

PESHAWAR: Customs authorities have dispelled impression created that 274 consignments of onions imported from...

Updated 12 Oct, 2020 04:02am

Tajik president on course for fifth term

DUSHANBE, (Tajikistan): Counting was underway in Tajikistan Sunday in a presidential election expected to pave the...