News Archives for Latest - 2020-10-26

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Archive - 2020-10-26

Editorials

Sugar cartels

EDITORIAL: Who’s even surprised that an investigation by the Competition Commission of Pakistan (CCP) has found...

Updated 28 Oct, 2020 11:27am

OLMT project becomes operational

LAHORE: The long-awaited Orange Line Metro Train (OLMT) project initiated by the previous PML-N government under...

Updated 27 Oct, 2020 03:03pm

Pakistan

Peace in region directly linked to resolution of Kashmir dispute: CM

He said that Pakistan wants peaceful resolution of Kashmir issue in accordance with the resolutions of United Nations (UN).

Updated 27 Oct, 2020 02:59pm

Pakistan

Forum 2020 aimed to explore new avenues for prosperity of people in the region: Asad Qaiser

He said that a peaceful Afghanistan was always in the interest of Pakistan for which, all Afghan groups have responsibility to integrate their efforts for the prosperity of their country and the region.

Updated 27 Oct, 2020 02:58pm

Pakistan

PDM's narrative supports enemies: Vawda

He said the whole government machinery was standing with the narrative of PM Imran Khan that would bring development and prosperity in the country.

Updated 27 Oct, 2020 02:58pm

Pakistan

707 new Coronavirus cases reported; three deaths in past 24 hours

Three corona patients, who were under treatment in hospital died on Sunday, according to the latest update issued by the National Command and Operation Centre (NCOC).

Updated 27 Oct, 2020 02:57pm

Pakistan

OTT market to be a game-changer for entertainment industry: Fawad Ch

He said services will be provided with public-private partnership and now its all depends on private companies to expand and flourished their services.

Updated 27 Oct, 2020 02:56pm

Pakistan

NAB Sukkur recovers 60,000 wheat bags

The NAB team in the presence of the respective civil and judicial magistrates had also sealed the godowns.

Updated 27 Oct, 2020 02:55pm

Pakistan

Fawad advises PML-N to plea bargain for relief

He urged opposition parties to give proposals to the government for electoral reforms besides controlling price hike of essential items.

Updated 27 Oct, 2020 02:55pm

Pakistan

Moeed stresses for close liaison of think tanks, policy makers

Dr Moeed Yousaf briefly described efforts to link think tanks to policymakers through national security division so their input can be channelized into the policy making.

Updated 27 Oct, 2020 02:54pm

South Asia

Iran reports COVID-19 death every four minutes, extends curbs

"Our doctors and nurses are tired. I urge everyone to respect the protocols," Alireza Zali said.
The closure of schools, mosques, shops, restaurants and other public institutions in Tehran, that was due to end on Monday, would now be extended until Nov. 20.

Updated 27 Oct, 2020 02:52pm

Europe

German govt raises 2020 GDP forecast to -5.5pc

The government now expects GDP to shrink 5.5% in 2020 compared to a previous estimate for a 5.8% decline.
The German economy contracted by 9.7% in the second quarter as household spending collapsed at the height of the pandemic.

Updated 27 Oct, 2020 02:52pm

Business & Finance

FATF Plenary: Pakistan’s legal efforts hailed as ‘role model’ for others, says Azhar

The Paris-based money laundering and terror financing watchdog, while noting Pakistan had fulfilled 21 of the 27 conditions required, gave the country until Feb 2021 to complete the remaining conditions while retaining Pakistan on its grey list.

Updated 27 Oct, 2020 02:50pm

Exchange

COAS Bajwa meets Turkish defence minister, discusses regional stability

Army chief says both countries share great history of brotherly relations which is being transformed into enduring partnership

Updated 27 Oct, 2020 02:49pm

'We cannot give up,' WHO chief says of pandemic fight

"We cannot give up. We must not give up," Tedros Adhanom Ghebreyesus told a virtual briefing.

Published 26 Oct, 2020 11:37pm

Pakistan

EGV to invest $4bn for electric vehicles plant set-up: Fawad

He said this after attending a signing ceremony of a memorandum of understanding (MoU), between the Ministry of Science and Technology and EGV, an international consortium.

Published 26 Oct, 2020 11:34pm

Pakistan

Balochistan integral part of Pakistan: Ali Muhmmad

He said that Pakistan Tehreek-e-Insaf (PTI) government led by Prime Minister Imran Khan is committed to putting the country including Balochistan on path of economic progress and prosperity.

Published 26 Oct, 2020 11:30pm

Pakistan

Opposition parties instigating against institutions: Shibli

Imran Khan did not bow before these parties before and he will not do so in future as well, he added.

Published 26 Oct, 2020 11:18pm

Govt authorises to release Rs289.71bn for development projects

Similarly, Rs. 175 million were released for Pakistan Nuclear Regulatory Authority for which the Government had allocated Rs. 350 million in the development budget.

Published 26 Oct, 2020 11:15pm

Pakistan

Former president Ayub Khan brought Pakistan on the track of development: Omer Ayub

He expressed these views while addressing a public gathering here at Khanpur after the inauguration of the Sui gas provision project.

Published 26 Oct, 2020 11:13pm

PM favours open trade border with Afghanistan to fully tap potential

The Prime Minister said Pakistan considered promoting trade as the "best option to restore prosperity in Afghanistan" that unfortunately suffered over 40 years of conflict and violence.

Published 26 Oct, 2020 11:06pm

Pakistan

President Arif Alvi calls on PTI delegations of Sukkur, Larkana divisions

He said the government has handed over Rs. 12,000 to 14.9 million people under Ehsaas Programme which was a big achievement.

Published 26 Oct, 2020 11:04pm

Pakistan

Federal capital registers 91 new COVID-19 cases

They also started taking actions on violation of SOPs related with the Corona while visiting marriage halls, markets and petrol pumps by its inspection teams.

Published 26 Oct, 2020 11:02pm

Pakistan

Kashmir issue unfinished agenda of partition: Asad

The cruelty and oppression of India against the innocent and unarmed Kashmiris had put at stake the peace of the region, he added.

Published 26 Oct, 2020 10:55pm

Stocks

US stock sell-off accelerates, Dow loses 3%

The broad-based S&P 500 fell 2.6 percent to 3,376.60, while the tech-rich Nasdaq Composite Index shed 2.4 percent to 11,262.07.

Published 26 Oct, 2020 10:53pm

Pakistan

Dar advises opposition to speak about Indian involvement in Balochistan

In a talk show programme of a private news channel, Usman Dar said that there was contradiction between the narratives of leaders of political allies of PDM.

Published 26 Oct, 2020 10:54pm

Pakistan

OGRA issues annual gas price revision notification

Independent Power Producers would pay Rs. 857 per MMBTU for all off-takes, while their minimum charges would be Rs. 28,898 per month.

Published 26 Oct, 2020 10:50pm

Middle East

Iraqis protest Macron comments outside French embassy

Several dozen protesters also rallied in the Palestinian enclave of Gaza for a second day in a row.

Published 26 Oct, 2020 10:49pm

Pakistan

NA unanimously condemns blasphemous caricatures' publication in France

It deplored equating of Islam and Muslims with terrorism, which goes against the international consensus and spirit of mutual respect and peaceful co-existence.

Published 26 Oct, 2020 10:45pm

Trump set for Supreme Court boost in election final week

"We're absolutely rounding the corner," he told reporters as he arrived in Allentown.

Published 26 Oct, 2020 10:46pm

Technology

Scientists confirm existence of 'water on moon'

Scientists have been finding signs of water on the moon since 2009 and, in 2018, confirmed the presence of water ice on the lunar surface.

Published 26 Oct, 2020 09:41pm

Energy

Oil drops 3pc as virus infections, Libyan oil output rebound

COVID-19 cases surge in the US, Europe.
Libya lifts force majeure on last oilfield after blockade.
OPEC chief says rising infections may delay oil recovery.

Published 26 Oct, 2020 08:43pm

Forex

Chile's peso falls after referendum; Latam FX hit by strong dollar

The road ahead is full of uncertainties and rewriting the constitution will be a complex process.
Colombia's peso mirrored a fall in oil prices, while local investors awaited a central bank policy meeting on Friday.

Updated 26 Oct, 2020 08:43pm

World

Pakistani, Indian diaspora rally together for US presidential election

Meet Mr. Shekar Narasimhan, Indian-American investment banker, and Mr. Dilawar Syed, a tech entrepreneur in California, who co-founded the Asian American and Pacific Islanders Victory Fund (AAPIVF), a group that aims to mobilise and elevate voices from these communities in local and national politics.

Updated 26 Oct, 2020 08:40pm

Pakistan

Pakistan tenders to buy 320,000 tonnes of wheat

The wheat can be supplied from optional origins and shipment must be organised so that all the grain arrives in Pakistan by Jan. 31, 2021.
The TCP has regularly bought wheat in the global market in past weeks, aiming to improve local supplies and cool prices.

Updated 26 Oct, 2020 08:29pm

Pakistan

HEC says no directives issued for closure of universities amid second COVID-19 wave

Pakistan has recorded 328,602 coronavirus cases, 6,739 deaths, and 311,075 from the pandemic.

Updated 26 Oct, 2020 08:26pm

Financial

Yield curve flatter on coronavirus, election concerns

The benchmark 10-year yield was down 2.7 basis points in morning trading at 0.8144%.
There's enough uncertainty with regards to how the Senate elections come out, it's easier to wait rather than sell Treasuries on the expectation of a certain outcome.

Published 26 Oct, 2020 08:04pm

Stocks

Aldar lifts Abu Dhabi, Egypt extends losses

Aldar jumps on government projects deal.
NBK, Qatar's commercial Bank fall on lower profits.
Egypt's CIB extends losses.

Published 26 Oct, 2020 07:58pm

Forex

Rouble retreats from one-month high as rising COVID-19 cases limit risk appetite

The rouble was 0.3% weaker against the dollar at 76.36 but had gained 0.1% to trade at 90.23 versus the euro.
It is easy to assume that the majority of investors will continue to sit on the fence as there is very little time left until the US election.

Updated 26 Oct, 2020 07:58pm

Mutual Funds

The rise of Mutual funds part 2

Link to my previous article ( https://www.brecorder.com/news/40023943) In the start of October, I wrote an article...

Published 26 Oct, 2020 07:33pm

USA

Mexican economy grows 1.1pc in August from July, recovery slows

Latin America's second-biggest economy grew 1.1% month-on-month in seasonally adjusted terms in August.
The economy contracted 9.4% from August of 2019, INEGI said. That compared to the poll forecast for an 8.2% contraction.

Published 26 Oct, 2020 07:35pm

Exchange

Erdogan urges Turks to boycott French goods

Just like they say 'Don't buy good with Turkish brands' in France, I am calling to all my citizens from here to never help French brands or buy them.
Shares in the Turkish unit of French-American telecoms equipment company Alcatel Lucent were down 10% on the Istanbul stock exchange after Erdogan's comments.

Published 26 Oct, 2020 07:31pm

Energy

US natgas scales near two-year peak on higher demand outlook

We are seeing some very cold weather temperatures that will be coming across in the next week.
Data provider Refinitiv predicted 212 heating degree days (HDDs) over the next two weeks in the Lower 48 US states, higher than the 30-year normal of 204 HDDs.

Published 26 Oct, 2020 07:28pm

Exchange

India says to sign military agreement with US on sharing of satellite data

The Basic Exchange and Cooperation Agreement on Geospatial Cooperation (BECA) will allow India access to topographical, nautical and aeronautical data for better accuracy of weapons like missiles and drones.
The two ministers expressed satisfaction that agreement of BECA will be signed during the visit.

Published 26 Oct, 2020 07:24pm

Stocks

Wall St slumps on rising virus cases, fading stimulus hopes

Travel-related stocks fall as COVID-19 cases soar.
Hasbro falls after reporting quarterly results.
Oracle down as rival SAP scraps medium-term margin goals.
Indexes down: Dow 1.3%, S&P 1%, Nasdaq 0.3%.

Published 26 Oct, 2020 07:21pm

Energy

OPEC chief says rising infections may delay oil recovery

The Organization of the Petroleum Exporting Countries and allies including Russia made a record oil output cut in April as the pandemic hit demand.
We were hopeful the second half of 2020 would begin to see a recovery.

Published 26 Oct, 2020 07:18pm

Stocks

TSX falls on energy weakness as surging virus cases weigh

The energy sector dropped 3.3% as US crude prices were down 2.4% a barrel, while Brent crude lost 2.3%.
The financials sector slipped 0.9%, while the industrials sector fell 1.1%.

Published 26 Oct, 2020 07:16pm

Money & Banking

Hashoo Group, Faysal Bank join hands for a national cause

Pakistan’s leading hotel group along with one of the country’s most progressive banks will offer travel packages to the Bank’s Overseas Pakistani customers, at selected hotels and resorts in Pakistan’s most scenic destinations.

Published 26 Oct, 2020 07:10pm

Money & Banking

'Orderly' Trump win most favourable outcome for equities, JPMorgan says

A rise to 3,900 would mark a 12.6% jump from Friday's closing level.
JPMorgan said several of its data gatherings, such as voter registration, Twitter sentiment, point to a "tightening race".

Published 26 Oct, 2020 07:13pm

Companies

Rolls-Royce seeks $2.6bn in make-or-break share issue

At stake is the future of a company which has been at the heart of manufacturing in Britain for more than 100 years.
"We find the terms of the proposed rights issue to be reasonable," Glass Lewis said in a note, while ISS said the rationale was "compelling".

Updated 26 Oct, 2020 07:13pm

Pakistan

CM Balochistan tests positive for COVID-19 second time

The CM broke the news via twitter stating that he has been diagnosed with the virus for the second time.

Published 26 Oct, 2020 07:01pm

Commodities

Russian wheat prices rise amid dry weather, high demand

Weather conditions for 2021 crop have improved after rains.
Domestic prices for wheat, sunflower continue to rise.

Published 26 Oct, 2020 06:24pm

South Asia

Malaysia's PM faces calls to quit after failed bid for emergency rule

King rejected Muhyiddin's request for emergency.
Coalition partners, opposition call for PM to step down.
Parliament dissolution not discussed in cabinet meet –minister.

Published 26 Oct, 2020 06:20pm

Money & Banking

UBS to increase salaries, reduce bonuses in pay shake-up

UBS regularly analyses its total compensation structure. As a result, we will adjust selectively certain salary levels to remain competitive.
UBS, the world's largest wealth manager, said last week it was giving lower-ranking employees an extra week's pay this year.

Published 26 Oct, 2020 06:18pm

Financial

Italian bond yields drop across the curve after S&P ratings boost

S&P affirms Italy rating at BBB, lifts outlook to stable.
Italy's 10-yr yield down 9 bps on the news.
Spanish, Portuguese yields drop 5-6 bps.

Published 26 Oct, 2020 06:16pm

USA

Brazil inflation, interest rates outlook ticks higher

It is the first time since March that the central bank's regular 'FOCUS' survey of around 100 economists has pegged inflation this year at 3%.
The central bank is widely expected to keep the Selic rate on hold at a record low 2.00% later this week.

Published 26 Oct, 2020 06:14pm

Stocks

Sri Lankan shares end lower as industrial, financial stocks weigh

The benchmark stock index ended down 1.73% at 5,669.33.
Trading volume on the CSE All Share Index, when compared to the last full trading day, was 32.8% lower at 70.61 million.

Published 26 Oct, 2020 06:12pm

Pakistan

PTI, MQM petitions: SC reserves judgment on Sindh LG law

PTI had contended in its petition that the SLGA 2013 does not take into account the Article 140-A as well as Articles 3, 4, 9, 14, 16, 17, 19, 19A and 25 of the Constitution

Published 26 Oct, 2020 06:03pm

Commodities

Soybeans flat after hitting 4-year peak, corn, wheat ease

Soybeans up for 6th session, at highest since July 2016.
Chinese demand, worries over South American weather support.

Published 26 Oct, 2020 05:58pm

Forex

Sterling edges up vs euro on Brexit optimism; short positions reduced

The dollar strengthened, equities fell, and markets were broadly risk-off. Analysts cited new lockdowns in Europe and record-high daily virus cases in the United States.
Right now there's a bit of optimism creeping in from the weekend developments - the extension of the talks until Wednesday,

Published 26 Oct, 2020 05:50pm

Stocks

Ant Group to raise up to $34.4bn in world's biggest public offering

Ant, backed by e-commerce group Alibaba, is aiming to raise about $17.2 billion in Shanghai and roughly the same amount in Hong Kong this week.
Ant set the price tag for the Shanghai leg of its dual-listing at 68.8 yuan ($10.27) per share, while the price was set at HK$80 ($10.32) per share for the Hong Kong tranche.

Published 26 Oct, 2020 05:50pm

Forex

Safe-haven dollar up as coronavirus surges, US stimulus hope fades

Chinese yuan hits 1-week low vs dollar.
Nokkie, Aussie dollar losers in G10 space.
British pound rises vs dollar, euro.

Published 26 Oct, 2020 05:46pm

Energy

Libya's NOC lifts force majeure on last oilfield after blockade

NOC announces as of today, Monday Oct. 26, the end of the closure of each of the Libyan oilfields and ports.
It has also said that output may take longer to restore because of damage caused by the long shutdown.

Published 26 Oct, 2020 05:36pm

Companies

Fiat, PSA to win EU approval for $38bn merger

Merger to create world's No.4 automaker.
Plan to help Toyota eases EU concerns – sources.
EU decision could come by end of the year – sources.
FCA, PSA shares reverse early losses to trade higher.

Published 26 Oct, 2020 05:31pm

Commodities

Copper falls for third session on profit-taking, COVID worries

Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China.
Last week copper broke through the $7,000 level for the first time in 28 months during an online LME Week.

Published 26 Oct, 2020 05:29pm

Currency

Emerging markets' dollar debt tops $4 trillion for first time, BIS says

The central bank umbrella group said a 14% jump in debt issuance during the April to June second quarter had driven a 7% year-on-year increase in broader dollar-denominated credit.
Consistent with the past few quarters, credit to Africa and the Middle East registered the highest growth rate at 14%.

Published 26 Oct, 2020 05:25pm

Commodities

Gold gains as second-wave fears counter firm dollar

Spot gold rose 0.2% to $1,904.71 per ounce .
US gold futures were up 0.1% to $1,907.
The dollar index rose 0.2%, denting appetite for gold among those holding other currencies.

Published 26 Oct, 2020 05:22pm

India will fight on its soil as well as foreign territory, says NSA Ajit Doval

The Indian national security advisor's remarks came after RSS chief Mohan Bhagwat talked about China encroaching" on Indian soil

Updated 26 Oct, 2020 05:22pm

Energy

Oil drops on rising virus cases, increasing Libyan output

COVID-19 cases surge in the US, Europe.
Libyan output to reach 1 million bpd in four weeks.
Both contracts fell almost 2.5% last week.

Published 26 Oct, 2020 05:19pm

Money & Banking

Cross-border mergers in Europe would help diversify banks

European transnational operations would be particularly positive and would also foster a potential bigger client base to share the burden of technological investments.
The ECB is expected to revisit in December its recommendation for euro zone banks not to pay dividends.

Published 26 Oct, 2020 05:17pm

USA

Microsoft quietly prepares to avoid spotlight under Biden

The Redmond, Washington-based software company is the fourth largest contributor to Democratic Presidential candidate Joe Biden's candidate campaign committee.
Microsoft Chief Technology Officer Kevin Scott and his wife have contributed over $50,000 supporting committees helping Biden win.

Published 26 Oct, 2020 05:17pm

Commodities

Raw sugar weakens on lower crude oil, firm dollar

March raw sugar was down 0.08 cent, or 0.5%, at 14.64 cents per lb.
March New York cocoa was up $10, or 0.4%, at $2,489 per tonne.

Published 26 Oct, 2020 04:59pm

South Asia

US air strike kills five Taliban fighters: official

Violence has escalated in recent weeks with clashes taking place between the insurgents and government troops across the country.
He said the action was in accordance with terms of the United States withdrawal agreement struck with the Taliban in February.

Published 26 Oct, 2020 04:52pm

Industry

AirAsia Group lowers Malaysia market recovery expectations

Raises view on Indonesia recovery, lowers India.
Aiming to have Thai capacity top pre-pandemic level.

Updated 26 Oct, 2020 04:52pm

World

Weekly average COVID-19 infections reach new heights in US

The two highest single days of new cases were Friday and Saturday, with more than 83,000 new cases added each day.

Updated 26 Oct, 2020 04:24pm

Currency

Economic sentiment in Pakistan turning positive, says Azhar

The minister further said that tax revenues are also rising, whereas the Current Account is in surplus.

Published 26 Oct, 2020 04:14pm

Technology

WhatsApp Business Now Comes With A Price Tag

Facebook has announced that new shopping features, hosting and pricing tiers will be added to WhatsApp Business.

Published 26 Oct, 2020 03:42pm

Business & Finance

Royal Enfield Expands in Asia's Motorbike Market; Opens New Plant in Thailand

Royal Enfield sales have grown by 88% across Asia in the last year as it hopes to aggressively expand in the region's motorbike market.

Published 26 Oct, 2020 03:06pm

Pakistan

Naval Chief calls on CM Sindh after assuming the office

“We have to further improve the educational system,” says the CM.

Updated 26 Oct, 2020 03:11pm

USA

U.S. forces carry out targeted airstrikes in Central Afghanistan, killing five insurgents

In a statement from Col. Sonny Leggett, the official spokesperson of the United States Forces in Afghanistan, the U.S. Air Force carried out targeted airstrikes in Nerkh last night, in defense of the Afghan National Defense Forces; killing five Taliban fighters in the process.

Published 26 Oct, 2020 02:33pm

Pakistan

Pakistan to take French president's remarks on blasphemous caricatures to OIC: Ashrafi

French President Emmanuel Macron said that they 'will not up cartoons'.

Updated 26 Oct, 2020 02:43pm

Pakistan

No evidence of Imran Khan's involvement in PTV attack, PM's lawyer tells ATC

In his reply to the ATC, the PM said the case was filed by his political opponents to malign them.

Published 26 Oct, 2020 02:27pm

BR Research

An interview with Qasif Shahid, Co-founder & CEO at Finja

“Inter-bank fund transfers must remain free to encourage digitization” Finja defines itself as a new age...

Published 26 Oct, 2020 07:20pm

BR Research

Revving up auto loans

A massive drop in interest rates barely nudged overall private sector credit offtake, but it did push the automobile...

Published 26 Oct, 2020 02:15pm

Pakistan

Court hears KPT reference against Babar Ghauri and others

Former federal minister and MQM leader Babar Ghauri has been absconder in the case, while others accused including Sindh Assembly member Javed Hanif, Rauf Akhtar Farooqui have already been nabbed in the case.

Published 26 Oct, 2020 02:07pm

BR Research

Understanding the composition of imports

The trade deficit of Pakistan as a result of stagnating exports but increasing imports has created significant...

Published 26 Oct, 2020 02:00pm

Business & Finance

Countries call for French products boycott after Macron's anti-Islamic rhetoric

As per reports, trade associations in several Arab countries have announced a boycott of French products in protest of Macron's anti-Islamic remarks.

Updated 26 Oct, 2020 01:52pm

World

Renewed fighting in Nagorno-Karabakh threatens U.S.-backed truce

Azerbaijan's defence ministry said in a statement that Armenian forces had shelled villages in the Terter and Lachin regions

Published 26 Oct, 2020 01:45pm

Pakistan summons French ambassador to condemn 'Islamophobic' campaign

FO states that Pakistan condemns systematic Islamophobic campaign under the garb of freedom of expression

Published 26 Oct, 2020 01:35pm

Technology

Pakistan eyes to introduce 5G technology by late 2021

The federal minister further said that a trial of 5G service would also be conducted in a hospital in Islamabad in collaboration with telecom company Zong.

Published 26 Oct, 2020 01:16pm

Pakistan

NAB attack case: ATC extends interim bail of Rana Sanaullah, Safdar

Counsels representing PML-N leaders told the court that terrorism charges were incorporated in the case at government’s behest

Published 26 Oct, 2020 01:11pm

Exchange

Pakistan will extend support to any party that comes to power in Afghanistan, says PM

Imran says resolution of Afghan conflict will not only benefit Afghanistan but the entire region

Updated 26 Oct, 2020 01:07pm

Technology

Sehat Kahani introduces Tele-ICU Technology across Pakistan

Sehat Kahani has launched the first of its kind Tele-ICU project which will enable Critical Care specialists to provide virtual advice in Public and Private ICUs across Pakistan.

Published 26 Oct, 2020 12:44pm

Life & Style

Parwaaz Hai Junoon will be first Pakistani film to screen in China in decades

The move comes ahead of the 70th anniversary of the diplomatic relations between China and Pakistan in 2021.

Updated 26 Oct, 2020 12:40pm

Life & Style

Arnold Schwarzenegger feels ‘fantastic’ after heart surgery

The Terminator actor posted a photo of himself with a thumbs up from his hospital bed.

Published 26 Oct, 2020 11:55am

World

Modi has decided date for war with Pakistan, China, claims BJP leader

“Like the decisions on Ram Mandir and Article 370, Prime Minister Narendra Modi has decided when there would be war with Pakistan and China,” he said.

Updated 26 Oct, 2020 11:27am

Exchange

Ant Group all set to launch world’s largest IPO

Ant, the fintech company backed by Chinese e-commerce group Alibaba Group Holding, plans to list simultaneously in Hong Kong and Shanghai in the coming weeks, sources have said.

Published 26 Oct, 2020 11:07am

World

Saudi Arabia to resume Umrah for international pilgrims from Nov 1

Sadi Ministry says negative PCR test no earlier than 72-hours before departure time in origin will be needed from the pilgrims while a quarantine period of three days must be completed in a hotel

Published 26 Oct, 2020 11:00am

Business & Finance

Pakistan’s Netflix version to be launched in six months

Chaudhry was of the view that the OTT has a lot of scope in Pakistan due to a huge number of smartphone users.

Published 26 Oct, 2020 10:57am

USA

Secretary Pompeo and Esper to attend third round of U.S-India strategic dialogue in New Delhi today

United States Secretary of State Michael Pompeo will be travelling to New Delhi for the U.S-India 2+2 Quadrilateral Ministerial Dialogue today, in a briefing from the State Department.

Published 26 Oct, 2020 10:31am

‘Second wave is here’: Islamabad administration imposes lockdown in 10 streets

Only people with jobs in essential services and with negative Covid certificates will be allowed to leave the area.

Published 26 Oct, 2020 10:37am

Business & Finance

Asia shares make guarded gains, virus breaks new records

The United States has seen its highest ever number of new COVID-19 cases in the past two days, while France also set unwanted case records and Spain announced a state of emergency.

Published 26 Oct, 2020 10:16am

Business & Finance

Oil falls as COVID-19 case surge stokes demand concerns

Brent crude was down 70 cents, or 1.7%, at $41.07 by 0353 GMT. U.S. West Texas Intermediate (WTI) dropped 69 cents, or 1.7%, to $39.16, having fallen more than a dollar shortly after the start of trading.

Published 26 Oct, 2020 10:15am

Currency

China's High Savings Conundrum

On the 6th of July 2018, as the US imposed 25 percent tariffs on $34 billion worth of Chinese imports, it signalled ...

Published 26 Oct, 2020 10:15am

Business & Finance

Apple supplier Luxshare unnerves Foxconn as U.S.-China feud speeds supply chain shift

Foxconn told Reuters in a statement the task force described in this story is “not grounded in facts” and there were “no meetings or any other contact.”

Published 26 Oct, 2020 10:12am

Currency

Dollar firm as virus' spread and stimulus stalemate raise caution

Against a basket of currencies, the greenback trod water in the Asia session, after having fallen broadly last week. Against the risk-sensitive Australian dollar and against the euro it gained about 0.2%.

Published 26 Oct, 2020 10:10am

Business & Finance

COVID-19 pandemic deals body blow to quant models, study shows

In a report, financial data provider Refinitiv said 72% of such investors were hurt by the pandemic. Some 12% declared their models obsolete and 15% were building new ones.

Published 26 Oct, 2020 10:08am

BR Research

Curb your enthusiasm

Auto loans are trailing their historic highs as November rolls in. That certainly is (good) news as the country...

Published 26 Oct, 2020 08:14am

BR Research

Poverty: thinking beyond slogans

“Historic highs in poverty” has made it to headlines once again, courtesy the rallies of Pakistan Democratic...

Published 26 Oct, 2020 08:14am

Currency

KAPCO – more chances of PPA renewal

Kot Addu Power Company Limited (PSX: KAPCO) announced its financial performance for 1QFY21 last week and the...

Published 26 Oct, 2020 08:13am

BR Research

PAKT: topline is strong

A tobacco giant continues to post strong financial results despite the challenging business conditions. The topline...

Published 26 Oct, 2020 08:12am

Pakistan

PMC announces admission criteria for foreign students

ISLAMABAD: Pakistan Medical Commission (PMC) on Sunday announced admission criteria for foreign students seeking...

Updated 26 Oct, 2020 04:22am

Pakistan

New 157 Covid-19 cases reported in Islamabad: NCOC

ISLAMABAD: National Command and Operation Centre (NCOC) on Coronavirus Sunday said that 157 new Covid-19 cases were...

Updated 26 Oct, 2020 04:22am

Pakistan

Legislation on national issues: Opposition not cooperating with govt: Fawad

ISLAMABAD: Federal Minister for Science and Technology Fawad Chaudhry said on Sunday that the Pakistan...

Updated 26 Oct, 2020 04:22am

Pakistan

Grey list: QWP terms FATF decision govt failure

PESHAWAR: Qaumi Watan Party (QWP) provincial Chairman Sikandar Hayat Khan Sherpao while commenting on the decision ...

Updated 26 Oct, 2020 04:22am

Pakistan

Only a retrograde society can allow fanning RSS ideology: Alvi

ISLAMABAD: President Dr Arif Alvi Sunday said that only a retrograde society like India could encourage the ...

Updated 26 Oct, 2020 04:20am

Pakistan

PM to launch work on ‘Knowledge City’

ISLAMABAD: Prime Minister Imran Khan will visit Mianwali on Monday to launch work of a Knowledge City at Numl...

Updated 26 Oct, 2020 04:19am

Pakistan

Saqib Nisar delayed OLMT’s inauguration, alleges Saad

LAHORE: Pakistan Muslim League-Nawaz (PML-N) senior leader Khawaja Saad Rafique has accused former chief justice...

Updated 26 Oct, 2020 04:19am

Pakistan

At least three killed in Quetta blast

QUETTA: At least three people were killed and six others wounded Sunday when a bomb exploded in Quetta, police said....

Updated 26 Oct, 2020 04:19am

Pakistan

Public Health Engineering Department: KP introduces e-tendering, e-bidding

PESHAWAR: The provincial government of Khyber Pakhtunkhwa has introduced e-tendering and e-bidding in the Public...

Updated 26 Oct, 2020 04:18am

Stocks

Nasdaq quarterly profit tops estimates

NEW YORK: Nasdaq Inc on Wednesday reported third-quarter profits that topped Wall Street views, helped by strength ...

Updated 26 Oct, 2020 04:15am

Stocks

Tokyo Stock Exchange plans new protocols

TOKYO: The Tokyo Stock Exchange said on Monday it will draw up new rules by next March on how to restart trading...

Updated 26 Oct, 2020 04:15am

Stocks

Saudi index sees biggest fall since May

• Most Gulf markets in retreat DUBAI: Saudi Arabian shares fell sharply on Sunday in a broad sell-off, while a...

Updated 26 Oct, 2020 04:15am

World

Iraq protesters revive year-old revolt against the system

BAGHDAD: Iraqi security forces and protesters clashed in Baghdad on Sunday during demonstrations to mark the first...

Updated 26 Oct, 2020 04:13am

World

Israel says Qatar could get F-35s ‘sooner or later’

OCCUPIED JERUSALEM: An Israeli cabinet minister said on Sunday that a US sale of advanced F-35 warplanes to Qatar...

Updated 26 Oct, 2020 04:13am

Industry

Amazon wins arbitration order against Future’s deal with Reliance

NEW DELHI/MUMBAI: A Singapore arbitration panel has put on hold Future Group’s $3.38 billion asset sale to ...

Updated 26 Oct, 2020 04:11am

Industry

Airlines suffering from business class blues in age of Covid

NEW YORK: The Covid-19 pandemic has ushered in the era of video meetings. But can Zoom really replace in-person...

Updated 26 Oct, 2020 04:11am

Industry

Japan’s ANA to cut 3,500 jobs in 3 years

TOKYO: ANA Holdings Inc plans to cut about 3,500 jobs in three years as Japan’s largest airline operator braces ...

Updated 26 Oct, 2020 04:11am

Exchange

Trade and Investment Forum 2020: Pakistan, Afghanistan set to find new avenues of cooperation

ISLAMABAD: Pakistan and Afghanistan are all set to find new avenues of investment and trade cooperation at a two-day...

Updated 26 Oct, 2020 04:11am

Business & Finance

Cutlery export increases 17.68pc in 3 months

ISLAMABAD: The cutlery exports from the country witnessed an increase of 17.68 percent during the first three months...

Updated 26 Oct, 2020 04:11am

Business & Finance

KFC to create 5,400 jobs in UK, Ireland

LONDON: US fast-food chain Kentucky Fried Chicken said Friday it will create 5,400 jobs in Britain and Ireland on...

Updated 26 Oct, 2020 04:11am

Business & Finance

Brexit talks no closer to a deal, say insiders

BRUSSELS: Britain and the European Union are still a long way from a post-Brexit trade deal, several European ...

Updated 26 Oct, 2020 04:11am

Textile, cement and chemical: Hold in coal imports handling catalyses delay in production

ISLAMABAD: Up to 10 days’ hold in handling coal imports at the country’s only bulk dirty cargo terminal at the...

Updated 26 Oct, 2020 04:06am

Shortfall of industrial sector: PD directed not to curtail domestic sector gas

ISLAMABAD: The Cabinet Committee on Energy (CCoE) has directed Petroleum Division not to curtail gas from domestic...

Updated 26 Oct, 2020 04:06am

Key Al-Qaeda leader killed in Afghanistan

KABUL: Afghan forces have killed a top Al-Qaeda militant wanted by the United States, as the government on Sunday...

Updated 26 Oct, 2020 04:05am

Malaysia’s king rejects emergency rule

KUALA LUMPUR: Malaysia's King Al-Sultan Abdullah rejected on Sunday a request by Prime Minister Muhyiddin Yassin for...

Updated 26 Oct, 2020 04:02am

Additional electricity consumption: Govt decides to fix industrial tariff at Rs8/unit

ISLAMABAD: The federal government has reportedly decided to fix industrial tariff at Rs 8 per unit on additional...

Updated 26 Oct, 2020 04:02am

Lee Kun-hee, who made S Korea’s Samsung a global powerhouse, dies

SEOUL: Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and...

Updated 26 Oct, 2020 04:02am

Speakers at PDM rally raise issue of ‘missing persons’

KARACHI: The 11-party anti-government Pakistan Democratic Movement (PDM) alliance on Sunday held its third power ...

Updated 26 Oct, 2020 04:02am

PM accuses Macron of attacking Islam

ISLAMABAD: Pakistan on Sunday strongly condemned the “encouragement of Islamophobia” by French President ...

Updated 26 Oct, 2020 04:02am

Ministers term PDM new addition into anti-state elements

ISLAMABAD: Terming Pakistan Democratic Movement (PDM) a new addition into anti-state elements, the government on...

Updated 26 Oct, 2020 04:02am

Kerb

Islamophobia and hate against Islam: PM urges Facebook CEO to place ban

ISLAMABAD: Prime Minister Imran Khan on Sunday wrote to Mark Zuckerberg, CEO of Facebook, asking for Facebook to...