News Archives for Latest - 2020-10-16

Pakistan

Parallel governments, selective accountability will not be allowed, says Nawaz Sharif at PDM's first rally

Sharif called for the supremacy of the constitution and rule of law.

Updated 17 Oct, 2020 01:40am

Sports

Ronaldo in public row with Italian sports minister over health rules

A gentlemen here in Italy, whose name I won't mention, said I didn't obey the protocol - that's simply a lie.
"I followed all the protocols and I will continue to follow them, my conscience is clear.... Everything I did was authorised."

Updated 17 Oct, 2020 12:03am

Business & Finance

Sterling recovers after Johnson's no-deal Brexit talk

"Euro-sterling is still under 0.91 - sterling's not in free-fall here by any stretch of the imagination," he said.

Published 16 Oct, 2020 08:23pm

Qureshi, Saudi minister discuss bilateral cooperation in IT field during video call

The Saudi minister reciprocated the warm feelings and echoed the sentiments of the foreign minister, terming Pakistan a close brotherly country.

Published 16 Oct, 2020 08:21pm

Cotton

Textile sector need government support, says APBUMA chairman

Another ex-chairman Arif Ehsan Malik agreed with Asim but added the shortage of yarn and resultant high prices were slowly dragging them to a crisis situation.

Published 16 Oct, 2020 08:19pm

Pakistan

Opposition's movement against govt will fail miserably, says PM

Imran says he wants Opposition to hold protest every day and be exposed in front of the people

Published 16 Oct, 2020 08:05pm

Cotton

Agriculture development vital to end hunger: Imam

On the occasion, Country Director of Oxfam Pakistan Mohammed Qazilbash called for stronger cooperation in the face of global health and food security.

Published 16 Oct, 2020 08:18pm

LHC disposes of petitions against alleged arrest of PML- N workers

The petitioners had submitted that the opposition parties were holding a public gathering in Gujranwala on Oct 16.

Published 16 Oct, 2020 08:16pm

Pakistan

AJK PM pays tribute to martyrs of Pak Army

They had always made the nation proud with their everlasting sacrifices.

Published 16 Oct, 2020 08:14pm

Pakistan

PM’s aide for timely completion of development projects in provincial metropolis

Shehzad directed the officials concerned to ensure upgradation and conversion of all canal roads to one way traffic in two weeks.

Published 16 Oct, 2020 08:12pm

BR Research

Beyond Real Interest Rates

Inflation in Pakistan is mostly cost-push, rather than demand-pull.
Demand-pull inflation would largely materialize if private credit growth were to be stimulated through monetary expansion.

Published 16 Oct, 2020 07:44pm

Pakistan

Prince William, Kate Middleton interact with students through video call

The royal couple had a chat with students of Islamabad Model College and the SOS Children's Village in Lahore

Updated 16 Oct, 2020 07:51pm

Pakistan

Afridi seeks youth role to air true face of Pakistan

He said, he was overwhelmed to notice the contributions made by Hazara community in all fields especially in sports and co-curricular activities.

Published 16 Oct, 2020 06:32pm

Pakistan

COVID-19 claims two more lives in Pb

The Punjab health department conducted 1,420,471 tests for COVID-19 so far, while 97,002 confirmed cases recovered all together in the province.

Published 16 Oct, 2020 06:30pm

Pakistan

PM opens Pakistan's first local cardiac stent manufacturing facility at NUST

He said the government was encouraging local and foreign investments to stimulate a business boom in the country.

Published 16 Oct, 2020 06:29pm

Pakistan

Fruits, vegetables prices brought down in Kohat

DC Kohat sent Additional Assistant Commissioner Muhammad Ibrahim to the fruit and vegetable markets to fix prices and monitor bidding process.

Published 16 Oct, 2020 06:27pm

Pakistan

Baseless propaganda by PML-N on arrest of workers, route hurdles: Basharat Raja

He said the government was not in any threat by the protest movement of the opposition as the government would continue to serve the masses.

Published 16 Oct, 2020 06:21pm

Pakistan

PDM all set to hold massive power show in Gujranwala

Maryam Nawaz says PML-N workers are not afraid of arrests, urges police to not intervene in the rally and use force against the workers
Bilawal says his party will forward the message of the people of Gujranwala to prime minister through public gathering today
Fazlur Rehman says the opposition is committed to restoring the sanctity of the people's vote
The workers of JUI-F and PML-N reportedly clashed over a minor dispute at Jinnah Stadium

Updated 16 Oct, 2020 06:23pm

Pakistan

Political expediencies force PML-N to make alliance with parties they claimed dragging on roads: Advisor

However if people do not turn up in their public meeting, the services of singer Atif Aslam were also available to entertain the people.

Published 16 Oct, 2020 06:18pm

Pakistan

Punjab government govt bans smoke emitting vehicles, burning residues

He said that action would be taken against burning of garbage and sale of substandard fuel, adding that all brick kilns running on old methodology.

Published 16 Oct, 2020 06:16pm

Pakistan

Rights of sugarcane growers to be safeguarded: Usman Buzdar

He said this while presiding over a meeting which reviewed to determine price of sugarcane and start of sugarcane crushing season here on Friday.

Published 16 Oct, 2020 06:14pm

Pakistan

Corrupt elements targetting PM, just to save plundered wealth: Shibli

The minister said when the opposition was in power it did not give respect to the vote but it preferred amassing wealth.

Published 16 Oct, 2020 06:12pm

Exchange

Rupee gains 37 paisas against dollar

In interbank trading, the price of euro depreciated by 66 paisas and closed at Rs. 190.24 against the last day’s trading of Rs. 190.90, State Bank of Pakistan reported.

Published 16 Oct, 2020 06:10pm

Exchange

Paris urges EU to impose WTO state aid sanctions over Boeing

The World Trade Organization ruled Tuesday that Brussels could impose tariffs worth $4.0 billion on US imports in retaliation for illegal American aid to Boeing.

Published 16 Oct, 2020 06:08pm

Pakistan

Aviation minister gets briefing on major airports’ outsourcing

He was informed that as per directions of the cabinet, an audit firm would be hired in the initial phase to carry forward the process in accordance with the best international practices.

Published 16 Oct, 2020 06:07pm

Pakistan

CM, Corps Commander visit Khyber, rapid uplift of merged districts top priority: CM

The Chief Minister maintained that provision of funds amounting to Rs. 100 billion for the development of tribal districts per year will be ensured at all cost.

Published 16 Oct, 2020 06:05pm

Pakistan

Haleem Adil demands registration of FIR on driver’s death

Haleem said that the driver was stopped for bribe and when he refused to do so he was taken to a check-post and subjected to torture and humiliated.

Published 16 Oct, 2020 06:03pm

Pakistan

Sindh Assembly Member urges CM to reopen weekly bachat bazaars

"This is beyond comprehension as when people are allowed to bring out rallies and encouraged to attend public meetings why can not they be provided with a facility that is critically needed by them,"

Published 16 Oct, 2020 06:01pm

Pakistan

Virus claims 6 more lives, infects 225 others: Sindh CM

The chief minister said so far 1,519,134 tests had been conducted and diagnosed 141,474 cases, of them 95 percent or 134,494, including 650 overnight.

Published 16 Oct, 2020 05:59pm

World

Coronavirus toll at 1100 GMT Friday

At least 38,965,020 cases have been registered. Of these, at least 26,884,800 are now considered recovered.

Published 16 Oct, 2020 05:58pm

Europe

Macron says UK 'in particular' needs more effort for Brexit deal

"It's the United Kingdom that wanted to leave the European Union and which needs a deal more than we do," he told reporters, after an EU leaders' summit.

Updated 16 Oct, 2020 05:58pm

World

"Even Pakistan and Afghanistan handled COVID better than India", criticises Rahul Gandhi

On Friday, former President of the Indian National Congress, criticised the Modi-led BJP government over its abysmal handling of the COVID-19 pandemic, and its impact on the Indian economy.

Published 16 Oct, 2020 05:44pm

Pakistan

Lahore CCPO orders arrest of CIA SP following ‘heated argument’

The two officers had a ‘heated argument’ during an official meeting called in the wee hours at the Safe City Authority headquarters.

Updated 16 Oct, 2020 05:21pm

Technology

Google Hangouts shutting down, Time for a Google Chat migration

Google has started the process of shutting down Hangouts and migrating its users to Google Chat next year.

Published 16 Oct, 2020 04:59pm

Forex

South African rand steadies in early trade

At 0655 GMT, the rand traded at 16.6500 versus the US dollar, unchanged from its previous close.

Published 16 Oct, 2020 04:57pm

Pakistan

PDM rally: Interior minister rejects allegations of arresting opposition leaders

Ijaz Shah says containers have been placed only to stop the movement of vehicles towards the route of the public gathering venue

Published 16 Oct, 2020 04:43pm

Energy

Oil slides on COVID-19 resurgence, strong dollar

In Europe, some countries were reviving curfews and lockdowns to fight a surge in new coronavirus cases, with Britain imposing tougher COVID-19 restrictions in London on Friday.

Published 16 Oct, 2020 04:54pm

Commodities

Copper extends gains on China demand hopes, supply risks

Three-month copper on the London Metal Exchange was up 0.3pc at $6,769 a tonne by 0703 GMT, extending gains to a third session.

Published 16 Oct, 2020 04:50pm

Europe

Reported Russian COVID vaccine disinformation 'reprehensible': UK's Raab

"We know that Russia has a track record in this area," he told Sky News when asked about a Times newspaper report that there was a Russian campaign to undermine an Oxford University vaccine trial.

Published 16 Oct, 2020 04:49pm

Business & Finance

PIA Roosevelt Hotel included in the privatization list

On October 10, it was announced that Pakistani government-owned Roosevelt Hotel has announced that "it is closing its doors permanently.

Published 16 Oct, 2020 04:39pm

Commodities

South Korea's MFG buys about 65,000 tonnes US feed wheat

The group made the purchase at an estimated $268.40 a tonne c&f including a surcharge for additional port unloading.

Published 16 Oct, 2020 04:47pm

Stocks

South Korean shares post biggest weekly fall in three as global virus woes weigh

South Korea reported 47 new coronavirus cases as of Thursday midnight, marking the smallest daily cases since Sept. 29.

Published 16 Oct, 2020 04:44pm

South Asia

China hopes to work with Philippines on South China Sea energy projects

Philippines President Rodrigo Duterte has lifted a moratorium on petroleum exploration in the South China Sea, paving the way for three projects to resume.

Published 16 Oct, 2020 04:42pm

Commodities

India's Sept palm oil imports slump 27pc on tepid demand

India buys palm oil from Indonesia and Malaysia, and other oils, such as soyoil and sunflower oil, from Argentina, Brazil, Ukraine and Russia.

Published 16 Oct, 2020 04:40pm

Stocks

Daimler posts forecast-beating results as demand rebounds

Daimler said it expected the positive momentum to continue in the fourth quarter, assuming there are no further coronavirus lockdowns.

Published 16 Oct, 2020 04:37pm

Stocks

China's blue-chip stocks post third weekly gains on upbeat data, policy support

The blue-chip CSI300 index fell 0.2pc to 4,791.68, while the Shanghai Composite Index added 0.1pc to 3,336.36.

Published 16 Oct, 2020 04:35pm

Pakistan

5.6 magnitude earthquake jolts KP

The depth of the earthquake was 242 kilometers with epicentre in Hindukush mountain range in Afghanistan

Published 16 Oct, 2020 04:29pm

South Asia

Philippines confirms 3,139 novel coronavirus cases, 34 more deaths

In a bulletin, the ministry said total confirmed cases had reached 351,750, while deaths had increased to 6,531, with the Philippines recording the second highest number of casualties in Southeast Asia.

Published 16 Oct, 2020 04:34pm

Stocks

European shares set for weekly losses as virus cases surge

The pan-European STOXX 600 index was up 0.9pc after posting its worst session in more than three weeks on Thursday.

Published 16 Oct, 2020 04:32pm

Commodities

French soft wheat sowing 12pc complete by Oct.12, maize harvest at 64pc

For winter barley, farmers had sown 17pc of the expected area by Oct.12, compared with 5pc a week earlier and 32pc by the same time last year.

Published 16 Oct, 2020 04:30pm

Forex

Sterling edges up ahead of UK decision on Brexit negotiations

He said that the negotiations will probably continue, because the UK's cut-off deadline was self-imposed.

Published 16 Oct, 2020 04:28pm

Asia

Indonesia reports 4,301 new coronavirus cases, 79 more deaths

The country also reported 79 more COVID-19 deaths, with total fatalities at 12,347, also the region's highest.

Published 16 Oct, 2020 04:26pm

Forex

Kenyan shilling weakens slightly against the dollar

At 0800 GMT, commercial banks quoted the shilling at 108.65/85 against the dollar, compared with Thursday's close of 108.60/80.

Published 16 Oct, 2020 04:24pm

Energy

UK GAS-Prices slightly higher on low wind output, oversupply

The gas system was around 5 million cubic metres (mcm) over-supplied, with demand forecast at 251 mcm and flows at 256 mcm/day, National Grid data showed.

Published 16 Oct, 2020 04:23pm

Forex

Rouble firms past 78 vs dollar, sanctions and COVID-19 in focus

At 0802 GMT, the rouble was 0.2pc stronger against the dollar at 77.91 after briefly touching 78.20, its weakest since Oct. 7.

Published 16 Oct, 2020 04:21pm

Currency

Dollar set for biggest weekly gain in a month as stimulus talks falter

The dollar and Japanese yen are both on track for weekly gains on investor appetite for safe haven assets, of 0.7pc and 0.4pc respectively.

Published 16 Oct, 2020 04:19pm

Stocks

Lockdowns, Brexit woes cap gains on London stocks

The blue-chip index climbed 1.0pc, led by pharmaceutical, aero, mining and retail stocks.

Published 16 Oct, 2020 04:18pm

Stocks

Hong Kong stocks post third week of gains on upbeat China data, policy support

The Hang Seng index rose 0.9pc to close at 24,386.79, while the China Enterprises Index, the index tracking mainland firms listed in Hong Kong, gained 1.6pc to 9,914.90.

Published 16 Oct, 2020 04:16pm

Europe

Croatia daily COVID-19 infections exceed 1,000 for first time

In the last 10 days the number of new infections has accelerated from around 300 a day to reach 793 on Thursday, part of a surge in infections across Europe with the approach of winter.

Published 16 Oct, 2020 04:14pm

Europe

Brexit drama: British PM Johnson to answer EU's demand to give ground

The EU's 27 members, whose combined $18.4 trillion economy dwarfs the United Kingdom's $3 trillion economy, say a deal is still possible but that Johnson must give ground.

Published 16 Oct, 2020 04:11pm

South Asia

Japan PM wants interim growth strategy report by year-end: Economy Minister

Main issues that will be discussed at the panel include how to improve labour mobility and productivity, as well as business restructuring in a post-coronavirus world.

Published 16 Oct, 2020 04:09pm

Money & Banking

ECB's Visco says important for policies to remain accommodating

Visco, who is also the governor of the Bank of Italy, told Bloomberg Television the economy would not return to the situation pre-dating the virus crisis for another couple of years.

Published 16 Oct, 2020 04:07pm

Europe

Britain moves closer to COVID-19 vaccine trials that infect volunteers

The UK government's department for business, energy and industrial strategy (BEIS) was not immediately available for comment.

Published 16 Oct, 2020 04:04pm

Forex

Yuan ends domestic session at 18-month high, Q3 GDP eyed

Trade and credit lending data this week suggested the world's No.2 economy was recovering faster than expected from the coronavirus shock.

Published 16 Oct, 2020 04:02pm

Europe

Poland reports new daily record of 132 coronavirus-related deaths

The government urged Poles to travel outside of the country only if absolutely necessary, following another daily record of 8,099 new confirmed coronavirus cases on Thursday.

Published 16 Oct, 2020 04:00pm

Money & Banking

China's central bank issues draft revisions to commercial bank law

The revisions specify the steps commercial banks need to take when it comes to restructuring, takeovers and bankruptcies, said the People's Bank of China.

Published 16 Oct, 2020 03:58pm

Business & Finance

Govt institutions incur over Rs1tn loss in two years, Senate told

The Ministry of Finance said in a written reply that during the two years, the loss to government institutions was more than Rs 1,014bn, in the financial year 2017-18 the loss was 563.28bn, in 2018/19 Rs 450.84bn of loss was incurred.

Published 16 Oct, 2020 03:41pm

Commodities

South Korea's KFA buys about 65,000 tonnes corn in tender

The corn was sought for arrival in South Korea around March 30, 2021.

Published 16 Oct, 2020 03:57pm

Commodities

Gold faces first weekly decline in 3 as stimulus hopes fade

Spot gold was up 0.1pc at $1,909.53 per ounce by 0920 GMT but down more than 1pc so far this week.

Published 16 Oct, 2020 03:52pm

Pakistan

Islamabad all set to host Tiger Force convention on Saturday

In his speech, PM Khan will issue new guidelines and will share the future strategy with the Force.

Updated 16 Oct, 2020 03:55pm

Forex

Most currencies end week with steep losses amid virus worries

The Czech Republic recorded 9,721 new COVID-19 infections on Thursday, setting a single-day record for a second day running.

Published 16 Oct, 2020 03:49pm

Money & Banking

Bank of England calls for mandatory company disclosures on climate risks

"Disclosing your plans can improve your credit rating, broaden your investor base, reduce your cost of finance, and economise on the fixed costs of meeting increasingly vocal investor requests for information,"

Published 16 Oct, 2020 03:47pm

Forex

Ugandan shilling weakens as interbank demand surges

At 0936 GMT commercial banks quoted the shilling at 3,725/3,735 compared to Thursday's close of 3,700/3,710.

Published 16 Oct, 2020 03:46pm

World

WHO defends data after concluding Gilead's remdesivir flopped COVID trial

Gilead has questioned the findings that concluded remdesivir does not help patients who have been admitted to hospital, saying the "emerging (WHO) data appears inconsistent".

Published 16 Oct, 2020 03:43pm

Financial

German 10-year bond yields set for biggest weekly drop since June

Still, German 10-year yields were set for their biggest weekly drop since the week ending June 12, down 9 basis points this week.

Published 16 Oct, 2020 03:41pm

Industry

Pfizer says could apply for US emergency use approval for vaccine in late November

Pfizer Inc said on Friday it would apply for emergency use in the United States of its COVID-19 vaccine candidate being developed along with Germany's BioNTech SE as soon as a safety milestone.

Published 16 Oct, 2020 03:40pm

Europe

Ukraine's president urges people to support cutting number of lawmakers

Zelenskiy came up with the idea of a special vote asking people to express their views on the size of parliament alongside other issues when local polls are held on Oct. 25.

Published 16 Oct, 2020 03:37pm

Commodities

Palm oil clocks 1.4pc weekly fall as exports decline

Soybean farmers in Argentina are hoarding crops due to foreign exchange uncertainty and Ukraine's sunseed harvest has been hit by poor weather.

Published 16 Oct, 2020 03:36pm

Europe

Swiss daily coronavirus cases increases by 3,105 cases, highest daily rise

The agency reported a total of 74,422 confirmed cases in Switzerland and neighbouring principality Liechtenstein.

Published 16 Oct, 2020 03:33pm

Europe

EU leaders agree to hold frequent COVID video-conferences

Underlining those risks, the head of the European Commission and the Finnish prime minister have had to leave a two-day EU summit that ends on Friday as a COVID-19 precaution.

Published 16 Oct, 2020 03:31pm

Stocks

Indian shares end higher as bank, metal stocks gain

The NSE Nifty 50 index closed up 0.7pc at 11,762.45, while the S&P BSE Sensex ended 0.64pc higher at 39,982.98.

Published 16 Oct, 2020 03:31pm

Pakistan

Opposition’s time is up in Pakistan, says information minister

The minister said the opposition parties that ruled over the last 40 to 50 years have destroyed the institutions.

Updated 16 Oct, 2020 03:25pm

USA

Taliban agree to reduce violence in Afghanistan, according to Ambassador Khalilzad

In a recent announcement from Zalmay Khalilzad, the United States Special Representative in Afghanistan, the Taliban has come to an agreement to reduce casualties and violence in the country, promising to adhere to the terms of the peace agreement with the Trump Administration.

Published 16 Oct, 2020 02:44pm

World

A much-hyped 'Remdesivir' fails to reduce mortality, hospital stay of COVID-19 patients: Study

The study was conducted in 30 counties on more than 11,000 people.

Updated 16 Oct, 2020 02:40pm

Business & Finance

Tax evasion of millions identified as Authorities intensifies operations across Pakistan

The Manufacturing Unit was not registered with sales tax. After scrutiny of record, tax evasion of Rs30 million has been revealed.

Published 16 Oct, 2020 02:22pm

PM condoles martyrdom of 20 security personnel in terrorist attacks

He said the entire nation stands behind all our security forces as they continue to lay down their lives for the safety and security of Pakistan.

Published 16 Oct, 2020 01:41pm

Business & Finance

Despite COVID, Govt projects 2pc economic growth this fiscal

Hammad said the economic indicators are positive with remittances witnessing 20 percent increase as compared to previous years.

Published 16 Oct, 2020 12:54pm

Exchange

Pakistan becomes second country in the Islamic world to manufacture cardiac stents

PM Imran Khan inaugurated the N-Ovative Health Technology Facility at NUST on Friday.

Updated 16 Oct, 2020 12:48pm

Business & Finance

Amid COVID-19 pandemic PIA suffers Rs 32bn loss

The Chief Executive Officer (CEO) of Pakistan National Airlines (PIA), Arshad Malik, told the cabinet in a briefing that the air operation was closed due to coronavirus pandemic due to which the Umrah and Hajj seasons could not take place.

Published 16 Oct, 2020 12:27pm

World

Jacinda Ardern expected to cruise to victory, as New Zealand braces for a historic election

New Zealand’s young progressive Prime Minister Jacinda Ardern is projected to comfortably win her second term in office, with polls giving her a significant double-digit lead over her electoral rival in the center-right National Party.

Published 16 Oct, 2020 12:16pm

Currency

Roshan Digital Account: 21,000 remote accounts opened, $24mn received

Roshan Digital Account provides innovative banking solutions for millions of non-resident Pakistanis (NRPs) seeking to undertake fund transfers, bill payments, and investment activities in Pakistan.

Published 16 Oct, 2020 11:40am

Business & Finance

New guidelines issued for Pakistani passengers traveling to UAE

According to the guidelines issued by PIA, passengers arriving in the UAE must have at least 2,000 dirhams.

Published 16 Oct, 2020 11:17am

World

India denies desire for talks with Pakistan, terms SAPM Yusuf’s remarks 'misleading & fictitious'

"As regards the purported message that was referred to, let me make it clear that no such message was sent from our side,” Indian foreign ministry spokesman said.

Published 16 Oct, 2020 10:59am

PM to chair parliamentary parties meeting today as opposition gears for first rally in Gujranwala

The meeting will discuss government’s strategy to counter the opposition’s anti-government movement.

Published 16 Oct, 2020 10:55am

Exchange

Pakistan’s forex reserves not depleting: Finance Division

The Finance Division in a statement termed the reports as completely fallacious and misleading on all three counts.

Published 16 Oct, 2020 10:46am

Business & Finance

China's economic recovery seen broadening in third-quarter as consumers re-emerge

The world’s second-largest economy is expected to have grown 5.2% in July-September from a year earlier, faster than the second quarter’s 3.2%, according to a Reuters poll.

Published 16 Oct, 2020 10:35am

Technology

YouTube cracks down on QAnon, banning conspiracy content targeting individuals

The company said in a blog post it would begin enforcing these expanded hate and harassment policies immediately and would “ramp up” in the weeks to come.

Published 16 Oct, 2020 10:33am

Business & Finance

Spending dropped, savings dwindled for U.S. unemployed after enhanced benefits expired: study

Spending by unemployed consumers also increased by 22% after they started receiving enhanced jobless benefits, which increased state jobless benefits by $600 a week through July.

Published 16 Oct, 2020 10:31am

Forex

Dollar heads for weekly gain as pandemic recovery stalls

As fresh curbs to combat COVID-19 were introduced in Europe and Britain, the world’s reserve currency surged to a two-week high of 93.910 against a basket of currencies. It held just below that peak in Asian morning trade.

Published 16 Oct, 2020 10:29am

Currency

Twitter down for many users due to change in internal systems

The company said status.twitterstat.us that the site should be working for everyone within the next few hours and that it did not have any evidence of a security breach or a hack.

Published 16 Oct, 2020 10:28am

BR Research

Bond auctions: Build long term market first

The cat and mouse game between the treasury offices of Q blocks and big banks continues. In a PIB auction earlier...

Published 16 Oct, 2020 07:52am

BR Research

LNG for transport: Welcome move

In a first, there will be no CNG for the entire winters this season in Sindh. In doing so, Sindh joins the elder...

Published 16 Oct, 2020 07:51am

BR Research

E-banking during pandemic

With the latest release of SBP’s Apr-Jun quarterly data on alternate delivery channels (ADCs) for banking sector...

Published 16 Oct, 2020 07:50am

Currency

SNGP bogged down by finance cost and currency

Sui Northern Gas Pipelines Limited (PSX: SNGP) announced its financial performance for the 2QFY20 as well as 3QFY20...

Published 16 Oct, 2020 07:49am

Cotton

Interview with Omer Ellahi Shaikh, CEO 19Q Luxury Residences

‘A shift of attitudes towards vertical living in Lahore’ Omer Ellahi Shaikh is a young entrepreneur from Lahore...

Published 16 Oct, 2020 07:25am

Europe

Sweden to ramp up defence spending by 40 percent

STOCKHOLM: Sweden said Thursday it would boost military spending by 40 percent over the next four years as it seeks...

Updated 16 Oct, 2020 04:09am

South Asia

Five sentenced to death in Bangladesh for gang rape

DHAKA: A Bangladesh court sentenced five men to death Thursday for the 2012 gang-rape of a 15-year-old girl, amid...

Updated 16 Oct, 2020 04:09am

World

US envoy says Taliban agree to reduce Afghan casualties

WASHINGTON: Afghanistan's Taliban have promised US forces to reduce attacks and casualties after a major assault on ...

Updated 16 Oct, 2020 04:07am

Exchange

Steps being taken to put economy on path to sustainable growth: Hafeez

LAHORE: Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Sheikh said the government is taking steps...

Updated 16 Oct, 2020 03:47am

Business & Finance

China inflation eases further

BEIJING: The rise in Chinese consumer prices slowed for a second successive month in September, official data showed...

Updated 16 Oct, 2020 03:47am

Life & Style

Bhanu Athaiya, first Indian to win an Oscar, dies at 91

MUMBAI: Costume designer Bhanu Athaiya, the first Indian to win an Oscar, passed away in Mumbai on Thursday aged 91,...

Updated 16 Oct, 2020 03:28am

Sports

National T20 Cup: PCB confirms player approach by bookmaker

LAHORE: The Pakistan Cricket Board (PCB) on Thursday confirmed that a player reported an approach from a suspected...

Updated 16 Oct, 2020 03:26am

Exchange

Ministry plans fresh survey of drug users in country

ISLAMABAD: The Ministry of Narcotics Control is planning to conduct fresh drug survey across the country in...

Updated 16 Oct, 2020 03:14am

Pakistan

ANF trying its best to facilitate exporters, importers: PCU

KARACHI: Deputy Director/ In-charge, Port Control Unit (PCU), Anti-Narcotics Force (ANF) Karachi, Muhammad Ayub has...

Updated 16 Oct, 2020 03:14am

Pakistan

Newly appointed Chief of Naval Staff meets Air Chief

ISLAMABAD: Newly appointed Chief of Naval Staff Admiral Muhammad Amjad Khan Niazi, called on Air Chief Marshal...

Updated 16 Oct, 2020 03:14am

Pakistan

Coursera announces free access to students, teachers

KARACHI: Coursera, an online learning platform, announced free versions of Coursera for Campus and upgraded features...

Updated 16 Oct, 2020 03:14am

Pakistan

Panel directs ministry to pay daily-wage teachers' salaries

ISLAMABAD: A parliamentary panel on Thursday directed the Federal Ministry of Education and Vocational Training to...

Updated 16 Oct, 2020 03:14am

Pakistan

Senior Indian diplomat summoned over ceasefire violations

ISLAMABAD: A senior Indian diplomat was summoned to the Ministry of Foreign Affairs Thursday to register Pakistan's...

Updated 16 Oct, 2020 03:14am

Opinion

PARTLY FACETIOUS: The Gujranwala show

"Today is D-Day." "How come? You have taken a Corona test and the results are expected today?" "No I was referring...

Updated 16 Oct, 2020 03:09am

Pakistan

COAS visits Bahawalpur Corps

ISLAMABAD: Chief of the Army Staff (COAS) General Qamar Javed Bajwa visited Bahawalpur on Thursday, said a press...

Updated 16 Oct, 2020 03:09am

Pakistan

KMC to establish anti-encroachment, charged parking force

KARACHI: Karachi Metropolitan Corporation (KMC) has decided to establish anti-encroachment and charged parking force...

Updated 16 Oct, 2020 03:09am

Pakistan

PDM rally today: PML-N accepts Shibli's challenge

LAHORE: While the Pakistan Muslim League-Nawaz (PML-N) and other component parties of the Pakistan Democratic...

Updated 16 Oct, 2020 03:09am

Pakistan

Low quality material: NHA directed to take action against contractor

ISLAMABAD: A parliamentary panel on Thursday has directed the National Highways Authority (NHA) to take stern action...

Updated 16 Oct, 2020 03:09am

Pakistan

123 housing, construction projects: FBR registers 112 cos, individuals, PM told

ISLAMABAD: Prime Minister Imran Khan was on Thursday informed that 112 companies and individuals have so far been...

Updated 16 Oct, 2020 03:09am

Pakistan

Inflation: Traders reject govt claims

ISLAMABAD: Markazi Tanzeem-e-Tajiran Pakistan (MTTP) Thursday categorically rejected the government claims that...

Updated 16 Oct, 2020 03:09am

Pakistan

Industrial sector: uplift to beget job opportunities, says PM

ISLAMABAD: Prime Minister Imran Khan Thursday emphasized the need for linkage between the universities and ...

Updated 16 Oct, 2020 03:09am

Pakistan

Covid-19 RT-PCR test: Requirement withdrawn for passengers from 30 countries

KARACHI: The Civil Aviation Authority (CAA) has done away with the condition of Covid-19 RT-PCR test for passengers...

Updated 16 Oct, 2020 03:09am

Pakistan

Foreign Funding case: ECP body unlikely to meet deadline

ISLAMABAD: The Scrutiny Committee of Election Commission of Pakistan (ECP) is unlikely to meet the deadline given by...

Updated 16 Oct, 2020 03:09am

Pakistan

Pakistan highlights India's 'aggressive' actions, military buildup

UNITED NATIONS: A top Pakistani diplomat has warned the international community that India's "aggressive policies ...

Updated 16 Oct, 2020 03:09am

Opinion

Reaching and implementing correct prices

"Most economists rightly emphasize the role of the state in providing public goods and correcting market failures,...

Updated 16 Oct, 2020 03:09am

Letters

'A tale of two islands'

This is apropos a Business Recorder ope-ed "A tale of two islands" carried by the newspaper on Wednesday. The ...

Updated 16 Oct, 2020 03:07am

Umar for encouraging Chinese investment in SEZs under CPEC

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar emphasised the need to take...

Updated 16 Oct, 2020 03:06am

Willsher appointed President, CEO of PTCL and Ufone

ISLAMABAD: Matthew Willsher has been appointed as President and chief executive officer (CEO) of Pakistan...

Updated 16 Oct, 2020 03:06am

Lucky Power levels allegation against CPPA-G

ISLAMABAD: M/s Lucky Power Company has accused Central Power Purchasing Agency Guaranteed (CPPA-G) of delaying the...

Updated 16 Oct, 2020 03:06am

Gunvor bid lowest for Nov LNG cargo delivery

ISLAMABAD: Gunvor Singapore has offered the lowest bid for the delivery of one cargo of liquefied natural gas (LNG)...

Updated 16 Oct, 2020 03:06am

Italy includes Pakistan in its work visa scheme 2020-21

ISLAMABAD: In the latest announcement of its annual schedule of work visas called 'Decreto-Flussi,' the Italian...

Updated 16 Oct, 2020 03:06am

7 soldiers, 7 private security personnel martyred: OGDCL convoy attacked on Mekran Coastal Highway

QUETTA: A gun and rocket attack targeting a paramilitary escort on Thursday killed seven soldiers and seven private...

Updated 16 Oct, 2020 03:06am

Army captain among six martyred in N Waziristan attack

RAWALPINDI: Six Pakistan army soldiers including an officer embraced martyrdom on Thursday in terrorist attack in...

Updated 16 Oct, 2020 03:06am

Exchange

China Merchants Securities to close London commodities brokerage

LONDON: The British arm of China Merchants Securities (CMS) will close its commodities brokerage after a review of...

Updated 16 Oct, 2020 03:06am

Opinion

US gun sales soar amid pandemic, social unrest, election fears

Andreyah Garland, a 44-year-old single mother of three daughters, bought a shotgun in May for protection in the...

Updated 16 Oct, 2020 03:05am

Commodities

China's iron ore futures hit 2-week low

MANILA: Iron ore futures slumped to two-week lows on Wednesday as outlook brightened for supply of the...