News Archives for Latest - 2020-10-13

Pakistan

PM decides crackdown against mafia involved in price hike: Ali Muhammad Khan

He said that the Tiger Force was comprising only on volunteers having no political affiliation.

Published 13 Oct, 2020 11:53pm

Pakistan

Banks train staffers for house financing for low income group: Sima Kamil

The instruction has been given to banks to resolve the cases of house financing customers within a month, Sima Kamil stated.

Published 13 Oct, 2020 11:49pm

Pakistan

Political orphans united under PDM umbrella to save looted wealth: Vawda

The political career of opposition leader in the National Assembly had finished now, he added.

Published 13 Oct, 2020 11:47pm

World

Indian jewellery brand withdraws ad featuring Hindu-Muslim couple after right-wing backlash

The ad aimed to show interfaith harmony, but detractors claimed it promoted so-called "love-jihad".

Updated 13 Oct, 2020 09:01pm

Cotton

Pakistan focusing to develop phytosanitary system: Fakhar

Imam said that cotton was one of the major crops of the country and country was striving to exploit the true potential of crop to fulfill its domestic requirements as well as to export.

Published 13 Oct, 2020 08:51pm

Pakistan

Bullion prices on Tuesday

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

Published 13 Oct, 2020 08:49pm

Pakistan

Sindh cabinet approves release of wheat from Oct 16 at Rs3687.50 price per 100 kg bag

The meeting was held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah here at CM House on Tuesday, according to a communiqué.

Published 13 Oct, 2020 08:46pm

Pakistan

917 shops sealed over violation of Covid-19 SOPs

Similarly, the officials of the district administration also sealed Hassan Market at Pakistan Forest Institute (PFI) Bazaar and Hamayun Market Mathani over violation of coronavirus preventive SOPs.

Updated 13 Oct, 2020 08:46pm

Pakistan

Chairman NAB takes notice of Roosevelt Hotel closure, orders inquiry

PIA purchased the hotel for $36.5 million in 1999 and managed it through Interstate Hotels and Resorts.

Updated 13 Oct, 2020 08:26pm

Exchange

NAB ordered to implement orders for confiscation of Nawaz Sharif's assets by Oct 29

The NAB had sent letters to Security Exchange Commission of Pakistan (SECP) and concerned banks in this regard.

Updated 13 Oct, 2020 08:16pm

Sports

Cristiano Ronaldo tests positive for COVID-19

The 35-year-old Juventus striker will miss Wednesday’s UEFA Nations League game against Sweden.

Published 13 Oct, 2020 07:50pm

Europe

Polish PM in quarantine after contact with COVID-19

Morawiecki's announcement came as Poland reported 5,068 new coronavirus cases on Tuesday, only the second time the tally has exceeded 5,000 in a 24-hour period since the pandemic began.

Published 13 Oct, 2020 07:37pm

Exchange

Citigroup beats profit estimates on trading boost

The bank further boosted reserves for potential loan losses as coronavirus cases rise around the world crippling local economies.

Published 13 Oct, 2020 07:34pm

Europe

UK's Johnson tells ministers he wants a trade deal on ‘right terms’

The bulk of Australia's exports to the EU are subject to tariffs and quotas set under basic World Trade Organization (WTO) terms.

Published 13 Oct, 2020 07:31pm

Europe

Norway to provide COVID-19 vaccine free of charge

Sweden, an EU member and Norway's neighbour, will buy more of the vaccines than it needs and then sell them on to Norway.

Published 13 Oct, 2020 07:30pm

Stocks

S&P 500, Dow slip on J&J vaccine worries; Apple, Amazon prop up Nasdaq

The Dow Jones Industrial Average fell 72.57 points, or 0.25pc, at the open to 28,764.95.

Published 13 Oct, 2020 07:28pm

Europe

Germany's Merkel concerned by rising coronavirus cases across EU

"I am watching with great concern the renewed increase in infection numbers in almost every part of Europe. And I must say the situation continues to be serious,"

Published 13 Oct, 2020 07:26pm

Europe

Merkel says EU won't let Ireland down over Brexit

"But we have to bear in mind the realities because an agreement has to be in the interests of both sides, in the British interest and in the interest of the EU's 27 member states."

Published 13 Oct, 2020 07:24pm

Stocks

TSX slips at open as materials drag

At 9:34 a.m. ET (13:34 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 20.31 points, or 0.12pc, at 16,542.5.

Published 13 Oct, 2020 07:23pm

Europe

Russia reports record high daily coronavirus cases and deaths

Her comments come a day after the Kremlin said Russia could afford to be more flexible in its response to COVID-19 than earlier this year when it imposed a lockdown.

Published 13 Oct, 2020 07:21pm

Industry

Pfizer to enroll kids as young as 12 in COVID-19 vaccine study

Pfizer last month scaled up its trial to about 44,000 participants, from up to 30,000, to enroll people as young as 16 and those with chronic, stable HIV, hepatitis C and hepatitis B.

Published 13 Oct, 2020 07:20pm

World

Mexico aims to vaccinate 116 million against coronavirus by end of 2021

Mexican Finance Minister Arturo Herrera added that the country had allocated $1.659 billion for the purchases of the vaccines, which will be free for Mexicans.

Published 13 Oct, 2020 07:17pm

Europe

Ukraine extends coronavirus lockdown to Dec. 31

The daily tally of new infections in Ukraine has climbed to record levels and 107 deaths were recorded in the 24 hours to Tuesday.

Published 13 Oct, 2020 07:10pm

Pakistan

London police asked to take notice of COVID-19 lockdown violation by Nawaz Sharif

On Monday, a video of Nawaz Sharif shared on social site Twitter, where he can be spotted entering a park in London with entourage that included former state minister Abid Sher Ali.

Published 13 Oct, 2020 06:54pm

Business & Finance

Saudi Aramco and BlackRock, others, discussing deal worth over $10bn

The transaction would be similar to infrastructure deals signed this and last year by Abu Dhabi's national oil company ADNOC.

Published 13 Oct, 2020 07:07pm

Business & Finance

UAE says OPEC+ plans to ease oil cuts from Jan as agreed

He said there have been signs of a recovery in oil demand as countries lift COVID-19 restrictions, noting China was back to almost 90pc to its pre-pandemic levels.

Published 13 Oct, 2020 07:02pm

Pakistan

Scope of Ehsaas Emergency Cash Program to be expanded: Dr. Nishtar

She was addressing as a panellist during the World Bank Group-IMF Annual Meeting titled ‘Protecting South Asia’s Poor and Vulnerable Against COVID-19 and Beyond’.

Published 13 Oct, 2020 06:50pm

Pakistan

MQM-P seeks withdrawal of treason cases from Imran Khan

The treason cases were registered against the top MQM-P leaders in July 2015.

Updated 13 Oct, 2020 06:51pm

Europe

Covid-19 infections among health workers declining: WHO

The new coronavirus has killed nearly 1.1 million people out of close to 38 million registered infections since it first surfaced in China late last year.

Published 13 Oct, 2020 06:45pm

South Asia

China tests entire city for virus as Europe tightens controls

Italy also imposed new hardened rules to control a resurgence, including an end to parties, amateur football matches and snacking at bars at night.

Published 13 Oct, 2020 06:42pm

USA

US sees slowing September inflation amid pandemic disruptions

It also shows how consumers' priorities and spending habits have changed as the US grapples with the world's worst outbreak of Covid-19.

Published 13 Oct, 2020 06:39pm

Pakistan

16 more COVID-19 positive cases reported in district

He asked the traders to ensure social distancing, use of masks and availability of hand sanitizers at the outlets for customers.

Published 13 Oct, 2020 06:29pm

Pakistan

SC seeks presentation on electricity

The chief justice said that K Electric was not giving any benefit to the citizens. He said that there was a serious lack of capacity in government institutions.

Published 13 Oct, 2020 06:27pm

Exchange

Rupee loses 5 paisas against US dollar

In interbank trading, the price of euro depreciated by 36 paisas and closed at Rs. 193.14 against the last day’s trading of Rs. 193.50, State Bank of Pakistan reported.

Published 13 Oct, 2020 06:24pm

Bullion Rate

Bullion rates in Hyderabad gold market

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

Published 13 Oct, 2020 06:22pm

Pakistan

Gold price remains unchanged at Rs116,500

Likewise, the price of 10 grams gold also witnessed no change and was sold at Rs. 99,880 against, Karachi Sarafa Association reported.

Published 13 Oct, 2020 06:21pm

USA

Pompeo urges Armenia, Azerbaijan to implement ceasefire

"The United States calls on Azerbaijan and Armenia to implement their commitments to a ceasefire as agreed and cease targeting civilian areas, such as Ganja and Stepanakert,"

Published 13 Oct, 2020 06:19pm

Europe

UK economy to slump 9.8pc this year on virus: IMF

A contraction in gross domestic product of 9.8 percent would however be an improvement on the previous IMF forecast of 10.2 percent, the Fund added.

Published 13 Oct, 2020 06:17pm

Pakistan

Police traced all high profile cases in two years: CM

The CM emphasized that e-credit scheme limit had been increased to Rs. 5,000 for rabi crops and Rs. 12,000 for Kharif crop to facilitate the farmers.

Published 13 Oct, 2020 06:06pm

Europe

Poland reports over 5,000 new coronavirus cases

The European Union member state announced new restrictions on Saturday to curb the spread of the novel coronavirus after reporting record infections for a fifth successive day.

Published 13 Oct, 2020 06:04pm

Forex

Ugandan shilling unchanged as pending tax payments curb demand

At 0913GMT commercial banks quoted the shilling at 3,698/3,708, same level as Monday's close.

Published 13 Oct, 2020 06:01pm

Money & Banking

China's central bank drafts rules for fund to help manage risks of third-party payment firms

The People's Bank of China (PBOC) requires payment firms to hand in provisions from January 2019 to secure clients' money, which comes along with a quarterly interest.

Published 13 Oct, 2020 05:59pm

Industry

Audi to launch new electric vehicle venture with China's FAW

Audi has a long partnership with FAW, which is based in the city of Changchun in the northeast of China, the world's biggest car market.

Published 13 Oct, 2020 05:55pm

Energy

Oil rebounds as strong China trade data offsets supply concerns

Brent crude futures rose 60 cents, or 1.4pc, to $42.32 a barrel by 0916 GMT.

Published 13 Oct, 2020 05:50pm

Currency

Indonesia central bank holds rates, favours QE to support coronavirus-hit economy

Bank Indonesia (BI) kept the 7-day reverse repurchase rate at 4.00pc, as expected in a Reuters poll. It has delivered 100 basis points of rate cuts so far this year.

Published 13 Oct, 2020 05:46pm

Europe

Russia's daily coronavirus cases, deaths rise to record highs

Anna Popova, head of the consumer safety watchdog, said on Tuesday Russia saw no need to impose restrictions on economic activity in response to the spike in cases.

Published 13 Oct, 2020 05:44pm

Industry

China auto sales jump in 'Golden September' as shoppers return to showrooms

Geely Automobile Holdings Ltd, Great Wall Motor Co Ltd and Toyota Motor Corp were among those that booked double-digit growth.

Published 13 Oct, 2020 05:42pm

Industry

Tesla cuts prices of Model S variant in United States, China

The company, which is expected to report third-quarter results on Oct. 21, cut the price to $71,990 from $74,990 in the United States.

Published 13 Oct, 2020 05:38pm

World

Worldwide coronavirus cases cross 37.84 million, death toll at 1,080,021

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

Published 13 Oct, 2020 05:33pm

Asia

Malaysia reports 660 new coronavirus cases, 4 new deaths

The new infections raise Malaysia's cumulative tally to 16,880 cases, according to the health ministry.

Published 13 Oct, 2020 05:31pm

Commodities

Palm climbs for seventh day as Indonesia warns of La Nina hit

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange settled up 9 ringgit, or 0.3pc, at 3,003 ringgit ($725.36) a tonne.

Updated 13 Oct, 2020 05:31pm

Kerb

Facebook Bans Holocaust Denial Posts

Facebook updated its hate speech policy to ban Holocaust denial posts and combat the rise of anti-Semitic content.

Published 13 Oct, 2020 05:12pm

Exchange

Pakistan has evidence India is behind terrorism on its soil, attack on APS: Moeed Yusuf

Advisor says as a precondition to commence talks, Kashmiris would have to be a third party and India must reverse the military siege in Kashmir and roll back the new domicile law

Updated 13 Oct, 2020 05:20pm

Pakistan

PPP submits resolution against Islands ordinance in Senate

PPP Senator Sassui Palijo submitted the resolution in Senate Secretariat saying, “We reject the ordinance on islands.”

Updated 13 Oct, 2020 05:12pm

Business & Finance

BlackRock quarterly profit sails past estimates as markets rally

The New York-based company's net income rose 27% to $1.42 billion, or $9.22 per share, in the third quarter ended Sept. 30, from $1.12 billion, or $7.15 per share, a year earlier.

Published 13 Oct, 2020 05:07pm

USA

US top General declines to endorse President Trump's Afghanistan withdrawal plan

Gen. Mark A. Milley, chairman of the United States Joint Chiefs of Staff, after the Trump Administration gave a series of conflicting statements on the nature of their departure from Afghanistan, stated that the agreement between the United States and the Taliban was “conditions based”, and that they aim to “responsibly” end the war.

Published 13 Oct, 2020 04:50pm

Europe

EU unity on Brexit strong, working for a fair deal, Barnier says

"Strong EU unity confirmed ahead of European Council," Michel Barnier tweeted after briefing European Affairs ministers in Luxembourg.

Published 13 Oct, 2020 05:05pm

Money & Banking

Hungary central bank buys HUF 40bn worth of bonds from banks

It bought 30 billion forints worth of 2031/A bonds at 2.15pc average yield, 8 billion forints worth of 2038/A bonds at 2.58pc average yield and 2 billion forints worth of 2041/A bonds at 2.64pc -- with yields well below those at the previous tender.

Published 13 Oct, 2020 05:04pm

Business & Finance

Johnson & Johnson hikes full-year profit forecast on pharma strength

In the third quarter, sales rose to $21.08 billion from $20.73 billion, helped by rise in sales of its cancer drugs Darzalex and Imbruvica, as well as Crohn's disease drug Stelara.

Published 13 Oct, 2020 05:02pm

Companies

SOFTS-Sugar, coffee recover from sell-off, cocoa slips

March raw sugar rose 0.10 cents, or 0.7pc, to 13.94 cents per lb at 1057 GMT, after climbing to a 7-1/2 month peak of 14.55 cents on Monday before closing down 2.7pc.

Published 13 Oct, 2020 05:00pm

Commodities

Jordan gets 3 participants in 120,000 tonne barley tender

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

Published 13 Oct, 2020 04:58pm

Commodities

Wheat rises 1.5pc on dry weather concern, soybeans firm

Soybeans rebounded from a 3pc drop in the previous session, as expectations of lower global supplies supported prices.

Published 13 Oct, 2020 04:55pm

Commodities

Copper edges lower despite strong Chinese trade data

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.4pc at $6,711.50 a tonne at 1057 GMT but still close to September's 27-month high of $6,877.50.

Published 13 Oct, 2020 04:51pm

Business & Finance

JPMorgan beats profit estimates as trading booms

Trading was a bright spot for the quarter, even as the pandemic decimated the US economy, with thousands of businesses shutting down and the unemployment rate soaring.

Published 13 Oct, 2020 04:47pm

Stocks

Shares struggle as coronavirus overshadows China data

The Euro STOXX 600 fell 0.4pc before trimming losses, with markets in Frankfurt, London and Paris mirroring its moves.

Published 13 Oct, 2020 04:43pm

Asia

Kyrgyz president to ask parliament for repeat vote on PM

But some lawmakers and activists have challenged the legality of its decision because it involved proxy voting by some deputies who did not attend the session.

Published 13 Oct, 2020 04:39pm

Currency

Russian central bank considering issuing digital rouble

It said the new digital form of the national currency would require a new payment infrastructure which would in the end make Russia's payment system more robust.

Published 13 Oct, 2020 04:37pm

Europe

UK foreign minister Raab says hopeful of closing gap in EU talks before summit

"The scope and the prospects for a deal are there," Raab told parliament when asked to assess the likelihood of a deal being struck by the Oct. 15 summit.

Published 13 Oct, 2020 04:34pm

Perspectives

Pakistan’s long road towards FATF compliance

It’s been more than two years since Pakistan was placed on Financial Action Task Force (FATF) grey list for the...

Published 13 Oct, 2020 03:57pm

Pakistan

IHC grants bail before arrest to Asif Zardari in Assets beyond means case

The court granted bail before arrest to the PPP leader against surety bond of Rs500,000.

Updated 13 Oct, 2020 03:39pm

Business & Finance

G20 to discuss debt suspension, economic recovery plan in virtual meet up

The ministers will also discuss updates to the G20 action plan for supporting the global economy during the coronavirus pandemic.

Published 13 Oct, 2020 03:22pm

Pakistan

Motorway rape suspect's arrest: Punjab CM announces Rs5 million reward for police

Buzdar appreciated the efforts of IG Punjab and the investigation team on tracing the suspect

Published 13 Oct, 2020 03:04pm

Business & Finance

Pakistan restarts issuance of visas for Afghan nationals

The development comes after the process was suspended earlier this year due to the COVID-19 pandemic.

Published 13 Oct, 2020 02:56pm

World

World leaders responsible for the staggering rise in natural disasters, says UN

Natural disasters have doubled up since the last 20 years which have claimed 1.23 million lives, UN said.

Published 13 Oct, 2020 02:54pm

Currency

Accountability Court orders to complete confiscation of Nawaz's assets by Oct 29

A report has been submitted in the court with complete details of the confiscation of assets and freezing of bank accounts of the PML-N founder

Published 13 Oct, 2020 02:27pm

Pakistan

Court grants physical remand of Shahabz Sharif in two references

Both Hamza Shahbaz and Shahbaz Sharif appeared before AC judge Jawadul Hassan in money laundering and assets beyond means references amid high security.

Published 13 Oct, 2020 02:06pm

Money & Banking

Who can apply for SBP’s Markup Subsidy Program for Housing Finance?

This facility will allow all individuals, who will be constructing or buying a new house for the first time, to avail the bank’s financing at subsidized and affordable markup rates.

Published 13 Oct, 2020 01:34pm

Pakistan

SC warns to dismiss NEPRA, power division employees over failure to resolve loadshedding issue

Justice Gulzar says there is no proper solution for power generation in Karachi despite the fact that the city is the country’s economic hub

Published 13 Oct, 2020 01:26pm

ECC may approve wheat MSP tomorrow

ISLAMABAD: The Economic Coordination Committee (ECC) of the Federal Cabinet which is scheduled to meet tomorrow, will...

Updated 13 Oct, 2020 01:21pm

Life & Style

Top Bollywood producers file defamation lawsuit against TV channels

They named Republic TV and its founder Arnab Goswami, as well as Times Now.

Updated 13 Oct, 2020 12:58pm

Business & Finance

British Airways first flight lands in Lahore from London

The British carrier announced that it will begin direct flights from Lahore to London Heathrow four days a week.

Updated 13 Oct, 2020 12:54pm

Pakistan

With a government clampdown on apps, it's slim pickings for Pakistan's online daters

As if finding love online wasn't already difficult, authorities have now banned popular apps for failing to "moderate" their content.

Updated 13 Oct, 2020 12:25pm

Technology

New Apple 'iPhone 12' to offer 5G speeds U.S. networks can't deliver

The device, dubbed the iPhone 12 by analysts, can tap into 5G, or fifth generation wireless technology, that theoretically operates as much as 10 to 20 times faster than current 4G wireless networks.

Published 13 Oct, 2020 12:22pm

Pakistan

Motorway rape case: Key suspect Abid Malhi sent to jail on judicial remand

ATC also extended the physical remand of another accused in motorway gang-rape, Shafqat Ali, for 14 days and ordered the police to present him in the court on October 28

Updated 13 Oct, 2020 12:19pm

World

India and Pakistan locked in armed skirmishes amidst pandemic, claims report

In a recent report by the Armed Conflict Location and Event Data Project (ACLED), more than 500 armed clashes and 130 fatalities in cross-border clashes between Indian and Pakistani forces have been reported since the pandemic was declared on the 11th of March.

Published 13 Oct, 2020 12:09pm

Pakistan

Karachi hospitals put on high alert following heatwave forecast

Karachi Administrator Iftikhar Ali Shallwani has given directives that all officials and staffers remain on duty round the clock.

Published 13 Oct, 2020 11:58am

Pakistan

There is need to follow SOPs to contain spread of COVID-19: Umar

Minister says proactive response by people has been the key in success against coronavirus pandemic

Published 13 Oct, 2020 11:46am

Pakistan

Govt allows opposition parties to hold rallies following COVID-19 SOPs

*Imran says holding opposition back in their futile bid will unnecessarily make them heroes

Published 13 Oct, 2020 11:19am

World

WHO Chief slams herd immunity as "unethical"

Director-General of the World Health Organisation, Tedros Adhanom Ghebreyesus, warned against any suggestions that COVID-19 should be allowed to spread, in the hopes of attaining herd immunity in the local populace.

Published 13 Oct, 2020 11:27am

Business & Finance

Pakistan’s total debt increase by Rs 3,419bn, reveals SBP

As per the statistics, Pakistan's total debt has increased by Rs 3,419 billion in the last one year while Pakistan's domestic debt has reached Rs 24,100 billion.

Published 13 Oct, 2020 11:12am

Cotton

Coronavirus can stay up to four weeks on your mobile screens, banknotes: Study

Touchscreen devices such as mobile phones, bank ATMs, supermarket self-serve checkouts and airport check-in kiosks pose a transmission risk of SARS-CoV-2 as they are not regularly cleaned.

Updated 13 Oct, 2020 11:23am

Pakistan

Motorway rape case: Suspect Abid Malhi confesses crime, reveals details of evading arrest for a month

Abid disclosed that he travelled through various cities in Punjab by using public transport and escaped recognition by wearing a face mask

Updated 13 Oct, 2020 11:06am

Business & Finance

IMF urges govt to increase taxes, energy tariffs

It is pertinent to mention that the global financial organization has not released any installments since December 2, 2019.

Published 13 Oct, 2020 10:40am

Pakistan

TikTok approaches PTA to discuss restoration of app in Pakistan

TikTok highlighted the efforts that were taken and also shared a future strategy on how to improve content moderation keeping in mind Pakistan's laws, PTA said.

Published 13 Oct, 2020 10:41am

World

India's subsonic Nirbhay cruise missile test fails following technical problems

Indian defense scientists say the cruise missile developed “engine trouble” within eight minutes of being launched

Updated 13 Oct, 2020 10:30am

Business & Finance

Oil prices steady amid return of supply, while COVID-19 lockdowns tighten

The return of supply comes as resurgent COVID-19 infections in the U.S. Midwest and Europe raise worries about fuel demand growth, posing a challenge for the Organization of Petroleum Exporting Countries and its allies, together called OPEC+.

Published 13 Oct, 2020 10:17am

Business & Finance

Asian shares defy Wall St. gains as China rally cools

MSCI's broadest index of Asia-Pacific shares outside Japan dipped into negative territory in the Asian session, down 0.09%.

Published 13 Oct, 2020 10:14am

Business & Finance

Investors urge heavy carbon emitters to set science-based reduction targets

AXA Group and Nikko Asset Management Co are among 137 investors urging 1,800 companies responsible for a quarter of global emissions to act, coordinated by non-profit group CDP.

Published 13 Oct, 2020 10:12am

Business & Finance

China's imports, exports surge as global economy reopens

Exports in September rose 9.9% from a year earlier, customs data showed on Tuesday, broadly in line with analysts’ expectations and up from a solid 9.5% increase in August.

Published 13 Oct, 2020 10:11am

Currency

Global watchdogs agree rules for stablecoins like Facebook's Libra

The prospect of a currency-backed stablecoin being used by billions of people on Facebook has galvanised central banks into putting together rules and into considering how they could launch their own digital currency.

Published 13 Oct, 2020 10:09am

Industry

Naveena steel is set to modernise Pakistan’s skyline

According to the latest economic developments, it has been recognised that the construction industry is playing a pivotal role in the economic growth of Pakistan.

Published 13 Oct, 2020 09:00am

BR Research

Power: Finding “merit” and order

Violation of merit in Pakistan hardly makes news. Not even in Naya Pakistan. The complex web that is power pricing...

Published 13 Oct, 2020 08:14am

BR Research

Remittances exceeding expectations

Remittances in the last few months have beaten the rising concerns of COVID-induced slowdown in the receipts of ...

Published 13 Oct, 2020 08:13am

BR Research

Don’t discourage digital literacy

Last Friday, Pakistan’s telecoms regulator blocked TikTok on account of “immoral/indecent content”, apparently...

Published 13 Oct, 2020 08:13am

BR Research

Car sales return

Monthly demand for new cars, SUVs and LCVs is reverberating confidence as volumes in September climbed 18 percent...

Published 13 Oct, 2020 08:12am

Mutual Funds

Buxly Paints Limited

Buxly Paints Limited (PSX: BUXL) was established back in 1993, before the partition of the subcontinent. In 1948, ...

Published 13 Oct, 2020 07:30am

Europe

Two earthquakes strike off Greek island of Crete

ATHENS: Two moderate earthquakes of over 5.0 magnitude struck off the Greek island of Crete early Monday but there...

Updated 13 Oct, 2020 04:23am

Life & Style

Disney revamps itself to emphasize streaming

Streaming has been a bright spot for Disney during the coronavirus, with Disney+ drawing some 60.5 million through the end of June.

Published 13 Oct, 2020 03:41am

USA

Trump has tested negative for Covid-19: White House doctor

Antigen tests are less sensitive than the more traditional PCR diagnostic test to low levels of virus.

Published 13 Oct, 2020 03:39am

Exchange

IMF to launch talks on new Argentina loan in November

Buenos Aires are hoping to renegotiate repayments on a $44 billion loan from the IMF in 2018.

Published 13 Oct, 2020 03:36am

Pakistan

Hyderabad DC directs completion of welfare projects

HYDERABAD: The Divisional Commissioner Hyderabad Mohammed Abbas Baloch has directed the concerned officers to make...

Updated 13 Oct, 2020 03:17am

Pakistan

KMC puts all hospitals, 1122 rescue services on high alert

KARACHI: Karachi Metropolitan Corporation (KMC) on Monday put on high alert all hospitals and 1122 rescue services ...

Updated 13 Oct, 2020 03:17am

Pakistan

Heatwave to hit Karachi

KARACHI: The Met Office has issued a heatwave warning for the city, forecasting that the daytime temperature may...

Updated 13 Oct, 2020 03:16am

Pakistan

Daraz announces DusDus sale

KARACHI: Daraz is offering customers discounts on an assortment of 15 million products during the DusDus sale which...

Updated 13 Oct, 2020 03:16am

Pakistan

'World no longer blindly buying Indian narrative on Kashmir'

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Monday said that the world was no longer "blindly" buying Indian...

Updated 13 Oct, 2020 03:16am

Pakistan

Senate body asks govt to get Sector G-14 freed from land mafia

ISLAMABAD: Senate Standing Committee on Housing and Works expressed strong displeasure on Monday over the federal...

Updated 13 Oct, 2020 03:16am

Hafeez-led body to give effect to MoUs signed with IPPs

ISLAMABAD: The Power Division has notified 8-member committee headed by the Prime Minister's Advisor on Finance and...

Updated 13 Oct, 2020 03:07am

Tax intake: Pakistan to face additional hurdles: Moody's

ISLAMABAD: Pakistan, already struggling to increase its tax intake before the pandemic, will face additional ...

Updated 13 Oct, 2020 03:07am

US auction theory pioneers win Nobel economics prize

STOCKHOLM: US academics Paul Milgrom and Robert Wilson won the 2020 Nobel Economics on Monday for work on auctions...

Updated 13 Oct, 2020 03:07am

Asim Bajwa quits as SAPM

ISLAMABAD: Lt-Gen Asim Saleem Bajwa (retd) on Monday quit as Special Assistant to the Prime Minister on Information...

Updated 13 Oct, 2020 03:07am

Remittances top $2bn for fourth month

KARACHI: Inflows of workers' remittances continued to post strong growth, surging by 31 percent during the first...

Updated 13 Oct, 2020 03:07am

Remittances show encouraging growth: PM

ISLAMABAD: Prime Minister Imran Khan has said there was good news for the economy as despite the Covid-19,...

Updated 13 Oct, 2020 03:07am

Mumbai's millions get their power back after massive outage

MUMBAI: Millions went without power in India's financial capital Mumbai and surrounding areas for hours on Monday,...

Updated 13 Oct, 2020 03:07am

FATF challenge: Government hires firm to solicit US support

ISLAMABAD: Pakistan has hired a United States lobbying firm - Linden Strategies - to seek Trump administration's...

Updated 13 Oct, 2020 03:07am

Opinion

Illusions and prospects

On the eve of the launch of the Pakistan Democratic Movement's (PDM's) campaign of rallies against the incumbent...

Published 13 Oct, 2020 02:45am

Cotton

Growth prospects

There is considerable lack of clarity currently about the prospects for the economy of Pakistan in 2020-21. The...

Published 13 Oct, 2020 02:45am

Pakistan

PM informed about proposal to limit public gatherings

ISLAMABAD: There are clear indications, based on the number of cases and data collected, that coronavirus cases are...

Published 13 Oct, 2020 02:45am

Pakistan

Criminals' fingerprints: NJPMC, LJCP decide to set up central databank

ISLAMABAD: The National Judicial Policy Making Committee (NJPMC) and the Law and Justice Commission of Pakistan...

Published 13 Oct, 2020 02:45am

Pakistan

Orange Line Metro Train: Commercial operations may start soon

LAHORE: The Orange Line Metro Train under the China-Pakistan Economic Corridor (CPEC) started trial operations under...

Published 13 Oct, 2020 02:45am

Pakistan

Opposition to be informed regarding Gujranwala rally before 16th: minister

LAHORE: The government was indecisive to grant permission to the opposition to hold its public gathering due on...

Published 13 Oct, 2020 02:45am

Pakistan

Rs1436.74 million UHS budget approved

LAHORE: The Board of Governors (BoGs) of University of Health Sciences (UHS), which met here on Monday accorded...

Published 13 Oct, 2020 02:45am

Currency

All set to amend Universal Service Fund Rules, 2006

ISLAMABAD: The federal government is all set to amend Universal Service Fund (USF) Rules, 2006 aimed at giving ...

Published 13 Oct, 2020 02:45am

Pakistan

KP agro-processing sector receives machinery for CFCs

PESHAWAR: The United Nation Development Programme (UNDP), Pakistan through its implementing partner Small and Medium...

Published 13 Oct, 2020 02:45am

Pakistan

Land transfer system being expanded to whole Punjab: Buzdar

LAHORE: Inaugurating the 115 arazi record centres, satellite arazi record centre and 20 mobile arazi centres, Chief...

Published 13 Oct, 2020 02:45am

Pakistan

CDWP approves as many as eight projects at cost of Rs36bn

ISLAMABAD: The Central Development Working Party (CDWP) approved as many as eight development projects at the cost ...

Published 13 Oct, 2020 02:45am

Pakistan

BYKEA signs agreement for NIFT ePay

KARACHI: Bykea, in line with its strategy to enable and promote it's online platform, has entered into an agreement...

Published 13 Oct, 2020 02:45am

Opinion

Power sector reforms: lessons from Turkey

Pakistan embarked upon a series of reforms in the power sector in the 1990s, more or less around the same time as...

Published 13 Oct, 2020 02:45am

Exchange

$386m financing agreement inked with ITFC

ISLAMABAD: The government, on Monday, signed financing agreement amounting to $386 million with the International...

Published 13 Oct, 2020 02:45am

Business & Finance

China signs Cambodia trade deal at start of regional charm offensive

PHNOM PENH: China's top diplomat was in Cambodia Monday on the start of a visit both countries hope will boost...

Published 13 Oct, 2020 02:45am

Exchange

Germany wants to enhance two-way trade with Pakistan

LAHORE: German Deputy Head of Mission Dr Philipp Deichmann on Monday stressed the need for enhancing two-way trade ...

Published 13 Oct, 2020 02:45am

Hike in power tariff for KE consumers notified

ISLAMABAD: The federal government has notified the long-awaited increase in electricity tariff for the K-Electric...

Published 13 Oct, 2020 02:45am

Life & Style

AAJ PROGRAM SCHEDULE

Tuesday, October 13, 2020 TIMING PROGRAM TITLE 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Published 13 Oct, 2020 02:45am

World

Debt of poorest countries hit record $744bn in 2019: World Bank

China is the largest creditor, seeing its share of debt owed to all G20 countries rise to 63 percent by the end of last year from 45 percent in 2013.

Published 13 Oct, 2020 02:52am

Debt of poorest countries hit record $744 billion in 2019: WB

WASHINGTON: The debt of the world's poorest countries hit a record $744 billion in 2019 prior to the coronavirus...

Published 13 Oct, 2020 02:45am

Sugar import through TCP: FBR abolishes sales tax on local supply

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished sales tax on the local supply of 300,000 metric tons of...

Published 13 Oct, 2020 02:45am

Cabinet to take stock of situation today

ISLAMABAD: The federal cabinet which is scheduled to meet on Tuesday (Oct 13) with Prime Minister Imran Khan in the...

Published 13 Oct, 2020 02:45am

Ministry suggests inclusion of DG BISP in USC Board

ISLAMABAD: The Ministry of Industries and Production (MoI&P) has proposed inclusion of Director General, BISP in...

Published 13 Oct, 2020 02:45am

Housing finance: SBP announces Rs33 billion government markup subsidy

KARACHI: The State Bank of Pakistan (SBP) Monday announced government of Pakistan's markup subsidy of Rs 33 billion...

Published 13 Oct, 2020 02:45am

Government struggles to firm up response to rising inflation

ISLAMABAD: Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh on Monday asked the relevant ministries...

Published 13 Oct, 2020 02:45am

South Asia

Top US general: Afghanistan withdrawal still 'conditions-based'

He said violence was well down from several years ago, but the decline in the last four to five months is "not significant."

Published 13 Oct, 2020 02:50am

Sports

Pulev confirms Joshua bout set for December 12 in London

Joshua beat Andy Ruiz to regain the WBA, IBF, WBO and IBO heavyweight titles in Saudi Arabia in December.

Published 13 Oct, 2020 02:47am

World

Letting virus 'run free' with eye to herd immunity 'unethical': WHO

The new coronavirus has killed well over one million people and infected more than 37.5 million since it first surfaced in China late last year.

Published 13 Oct, 2020 02:45am

World

Turkey restarts hunt for Mediterranean gas, reigniting Greek row

ANKARA: Turkey will redeploy the research ship at the centre of an energy row with Greece to the eastern...

Published 13 Oct, 2020 02:45am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 13 Oct, 2020 02:45am

Stocks

Last date of renunciation/payment

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

Published 13 Oct, 2020 02:45am

Stocks

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

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

Published 13 Oct, 2020 02:45am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 13 Oct, 2020 02:45am

Pakistan

The Weather

KARACHI: The weather report on Monday (October 12, 2020) and the forecast for Tuesday (October 13, 2020)....

Published 13 Oct, 2020 02:45am

Pakistan

Participation in ILF ceremony: SC issues notice to PM

ISLAMABAD: The apex court on Monday issued notice to Prime Minister Imran Khan for participating in the Insaf ...

Published 13 Oct, 2020 02:45am

Exchange

SECP data leak: IHC extends stay in petition challenging constitution of probe body

ISLAMABAD: The Islamabad High Court (IHC) Monday extended stay in a petition challenging the constitution of an...

Published 13 Oct, 2020 02:45am

Pakistan

Nafisa says PM is a 'wrong number'

ISLAMABAD: Pakistan Peoples Party (PPP) Information Secretary Dr Nafisa Shah MNA has said that the prime minister is...

Published 13 Oct, 2020 02:45am

Pakistan

Pakistan rejects Indian defence minister's comments

ISLAMABAD: Pakistan on Monday categorically rejected the "unwarranted and irresponsible" comments made by Indian...

Published 13 Oct, 2020 02:45am

Pakistan

PDM rally in Gujranwala on 16th: Bilawal to lead PPP caravan from Lala Musa

ISLAMABAD: Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari would lead a caravan of party leaders and...

Published 13 Oct, 2020 02:45am

Exchange

QESCO to be handed over to Balochistan govt: Omar

ISLAMABAD: Federal Minister for Power Division Omar Ayub has said the federal government has decided to handover...

Published 13 Oct, 2020 02:45am

Pakistan

KE urges energy conservation during predicted heatwave

KARACHI: The Pakistan Meteorological Department on Sunday issued a heatwave alert in Karachi for the next six to...

Published 13 Oct, 2020 02:45am

Pakistan

Spike in Covid-19 cases can be controlled through SOPs: Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Coronavirus cases were increasing in the province...

Published 13 Oct, 2020 02:45am

Pakistan

Biometric identification of prisoners: Authorities told to take measures

KARACHI: The Sindh High Court (SHC) on Monday ordered the provincial prison authorities to take immediate measures ...

Published 13 Oct, 2020 02:45am

Pakistan

Ozoned Digital partners with Jubilee Life

KARACHI: Ozoned Digital entered into an agreement with Jubilee Life Insurance (Pakistan) to enhance digital customer...

Published 13 Oct, 2020 02:45am

Pakistan

IMC publishes Sustainability Report for FY2019-20

KARACHI: Indus Motor Company (IMC) has published its 5th Sustainability Report for the financial year 2019-20. It...

Published 13 Oct, 2020 02:45am

Pakistan

Prime suspect in motorway gang-rape case Abid Malhi arrested

FAISALABAD: The Punjab police on Monday arrested Abid Malhi, the prime suspect in the Lahore motorway gang-rape case...

Published 13 Oct, 2020 02:45am

South Asia

Afghanistan withdrawal still 'conditions-based', says Top US general

WASHINGTON: The US withdrawal of more troops from Afghanistan will depend on a reduction in violence and other...

Published 13 Oct, 2020 02:45am

South Asia

US strikes target Taliban as fighting rages in Afghanistan

KANDAHAR: US air strikes targeted Taliban fighters outside a key city in southern Afghanistan over the weekend,...

Published 13 Oct, 2020 02:45am

South Asia

Afghan police ordered to shoot criminals

KABUL: Afghan authorities have for the first time instructed Kabul's police force to fatally shoot armed criminals ...

Published 13 Oct, 2020 02:45am

South Asia

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

TEHRAN: Iran on Monday said the US was facing a "historic" defeat as an arms embargo against Tehran is to be lifted...

Published 13 Oct, 2020 02:45am

South Asia

Bangladesh to execute rapists after protests

DHAKA: Bangladesh introduced the death penalty for rape on Monday after days of protests sparked by a string of...

Published 13 Oct, 2020 02:45am

World

Sweden, Denmark to alert UN on shock North Korea documentary

COPENHAGEN: Sweden and Denmark said Monday they would alert the United Nations and the EU on the revelations in a...

Published 13 Oct, 2020 02:45am

Opinion

PARTLY FACETIOUS: Tigers monitoring food inflation!

"I don't understand would The Khan's tigers be granted magisterial powers to check food inflation?" "I am not sure...

Published 13 Oct, 2020 02:45am

Stocks

Early trade in New York: Dollar index holds near 3-week lows; yuan drops

NEW YORK: The dollar index held near three-week lows on Monday as optimism over the possibility of a Covid-19 relief...

Published 13 Oct, 2020 02:45am

Stocks

Aussie, kiwi down

SYDNEY: The Australian and New Zealand dollars were lower on Monday, reversing some of the previous week's gains as...

Published 13 Oct, 2020 02:45am

Stocks

Energy stocks drag FTSE 100 lower

LONDON: London's FTSE 100 fell on Monday in a choppy trading session as a dip in oil prices hit energy stocks and as...

Published 13 Oct, 2020 02:45am

Stocks

Japan stocks lower

TOKYO: Japanese stocks fell on Monday as concerns about upcoming corporate earnings reports prompted some investors...

Published 13 Oct, 2020 02:45am

Stocks

Monday's early afternoon trade: US main indexes remain higher

• Apple jumps ahead of Tuesday event • Twitter rises after Deutsche Bank upgrades to 'buy' NEW YORK: Wall...

Published 13 Oct, 2020 02:45am

Letters

'Dangerous buildings'

This is apropos a Business Recorder op-ed "Dangerous buildings" carried by the newspaper last week. The writer, Zia...

Published 13 Oct, 2020 02:45am

Currency

State Bank of Pakistan conversion rates

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

Published 13 Oct, 2020 02:45am

Exchange

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 13 Oct, 2020 02:45am

Forex

Exchange rates: buying and selling

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

Published 13 Oct, 2020 02:45am

Forex

Currency notes: exchange rates

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

Published 13 Oct, 2020 02:45am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Monday (October 12, ...

Published 13 Oct, 2020 02:45am

Currency

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 13 Oct, 2020 02:45am

Forex

Banks rates for currency notes (buying and selling)

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

Published 13 Oct, 2020 02:45am

Forex

Open market rates of foreign currencies

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

Published 13 Oct, 2020 02:45am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Monday (October 12, 2020). ========================== KIBOR...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Monday (October 12, 2020). ========================...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Monday (October 12, 2020). ========================...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Monday (October 12, 2020). ======================== Offer Price 1,160.5922 Bid...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Monday (October 12, 2020). ======================== Offer ...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Monday (October 12, 2020). ======================== Offer Price 1,404.5623...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Monday (October 12, 2020). ======================== Offer Price...

Published 13 Oct, 2020 02:45am

Exchange

Clearing Schedule for T+2 System

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

Published 13 Oct, 2020 02:45am

Exchange

Proposed right issues

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

Published 13 Oct, 2020 02:45am

Exchange

Dividend/Bonus Announcements

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

Published 13 Oct, 2020 02:45am

Exchange

BOARD MEETINGS

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

Published 13 Oct, 2020 02:45am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Monday (October 12, 2020). ==================================== BR...

Published 13 Oct, 2020 02:45am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Monday (October 12, 2020)...

Published 13 Oct, 2020 02:45am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 13 Oct, 2020 02:45am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Currency

THE RUPEE: Gains against USD

KARACHI: On Monday, upon market closing, Pakistan Rupee gained value against USD in interbank market. In open ...

Published 13 Oct, 2020 02:45am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Monday (October 12, 2020). ======================== Bid Rate ...

Published 13 Oct, 2020 02:45am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Kerb

Pakistan Economic Indicators

KARACHI: Pakistan Economic Indicators - Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Commodities

Pakistan Mercantile Exchange - PMEX

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

Published 13 Oct, 2020 02:45am

Exchange

LME official prices

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

Published 13 Oct, 2020 02:45am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Energy

Byco partners with HBFC

KARACHI: Pakistan's largest oil refining company, Byco Petroleum Pakistan Limited, entered into an alliance with the...

Published 13 Oct, 2020 02:45am

Grains

Wheat sowing target fixed at 17 million acres with 20 million tons production

LAHORE: The Punjab Government has fixed the target of sowing wheat on 17 million acres of land with production ...

Published 13 Oct, 2020 02:45am

Cotton & Textile

Trade activity remains bullish on cotton market

KARACHI: Trade activity remained bullish on the local cotton market on Monday. Market sources told that due to...

Published 13 Oct, 2020 02:45am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 12, 2020)....

Published 13 Oct, 2020 02:45am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 246,418 tonnes of cargo comprising 146,809 tonnes of import cargo and 99,609 ...

Published 13 Oct, 2020 02:45am

Commodities

PMEX daily trading report

KARACHI: On Friday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.340 ...

Published 13 Oct, 2020 02:45am

Commodities

Indian gold to sell at premium

BENGALURU/MUMBAI: Physical gold was sold at a premium in India this week for the first time since mid-August as...

Published 13 Oct, 2020 02:45am

Stocks

China stocks notch best day in 3 months

SHANGHAI: China stocks extended their rally on Monday to post their biggest daily percentage gain in three months, ...

Published 13 Oct, 2020 02:45am

Stocks

European shares climb

MILAN/FRANKFURT: European shares hit a five-week high on Monday as optimism about a stable economic recovery in ...

Published 13 Oct, 2020 02:45am

Stocks

Most Gulf markets up

DUBAI: Most Gulf stock markets ended higher on Monday with gains in National Commercial Bank and Samba Financial...

Published 13 Oct, 2020 02:45am

Commodities

US MIDDAY: Gold slips from 3-week high

NEW YORK: Gold prices fell from a three-week peak on Monday as expectations of an inadequate US coronavirus relief...

Published 13 Oct, 2020 02:45am

Commodities

US MIDDAY: Soyabeans fall

CHICAGO: Chicago soyabean futures dipped Monday, as harvest pressure pushed the market lower and the US Columbus Day...

Published 13 Oct, 2020 02:45am

Commodities

Gold slips in Europe

LONDON": Gold prices fell from a three-week peak on Monday as expectations of a limited US coronavirus relief bill...

Published 13 Oct, 2020 02:45am

Commodities

Gold eases in Asia

SINGAPORE: Gold retreated slightly from a three-week high in Asian trade, as the dollar recouped some of its losses...

Published 13 Oct, 2020 02:45am

Commodities

Raw sugar hits 7-1/2 months high

LONDON: Raw sugar futures on ICE climbed to a 7-1/2 month peak on Monday, buoyed by fund buying against the backdrop...

Published 13 Oct, 2020 02:45am

Commodities

Palm oil gains for sixth day

KUALA LUMPUR: Malaysian palm oil futures ended 3% higher on Monday, extending gains to a sixth session as rival...

Published 13 Oct, 2020 02:45am

Commodities

Japan rubber futures rise

TOKYO: Japanese rubber futures rose to a six-week high on Monday, supported by lingering concerns over tighter ...

Published 13 Oct, 2020 02:45am

Commodities

Copper nears multi-year highs on Chinese demand

LONDON: Copper touched a three-week high on Monday as demand from top consumer China and the threat of strikes by...

Published 13 Oct, 2020 02:45am

Grains

Russian wheat prices up

MOSCOW: Russian wheat export prices rose last week due to high demand from exporters and limited supply from farmers...

Published 13 Oct, 2020 02:45am

Cotton & Textile

Cotton futures near 8-month peak

NEW YORK: ICE cotton futures jumped to a near eight-month high on Monday as fears about the quality of the natural...

Published 13 Oct, 2020 02:45am

Cotton & Textile

New York cotton

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

Published 13 Oct, 2020 02:45am

Energy

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

NEW YORK: Oil prices settled about 3% lower on Monday as force majeure at Libya's largest oilfield was lifted, a...

Published 13 Oct, 2020 02:45am

Energy

LNG Producer-Consumer Conference 2020: Minister highlights key initiative in meeting growing gas demand

ISLAMABAD: Federal Minister for Energy Omar Ayub Khan addressed the LNG Producer-Consumer Conference 2020, Japan,...

Published 13 Oct, 2020 02:45am

PM for unity against anti-state elements

ISLAMABAD: Prime Minister Imran Khan on Monday said as the religious tolerance and inter-faith harmony was the need...

Published 13 Oct, 2020 02:45am

Exchange

KSE-100 Index plunges: BRIndex100 edges down

KARACHI: Pakistan Stock Exchange Monday witnessed a bearish trend due to heavy selling in almost all sectors by ...

Published 13 Oct, 2020 02:45am

Currency	Rate
USD PKR Interbank Selling / Jun 30	278.36
USD PKR Interbank Buying / Jun 30	278.16
USD to Japanese Yen / Jul 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 % / Jun 30	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
Karachi Cotton PKR/37.32 KG / Jun 30	17,780
Gold 10 Grams PKR / Jun 30	364,228
Petrol/Litre / Jul 1	299.50
Crude Oil USD/Barrel / Jul 1	68.78
Gold Spot USD/Ounce / Jul 1	3,986.22
Diesel/Litre / Jul 1	311.47
Cotton US¢/pound / Jul 1	77.40

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