News Archives for Latest - 2020-11-04

Exchange

Joe Biden wins; will serve as the 46th President of the United States

Donald Trump is seeking to continue his presidency for another four years. His Democratic challenger, 77-year-old Joe Biden is hoping to unseat him.

Updated 07 Nov, 2020 09:43pm

Pakistan

Pakistan will work with whoever wins US elections: FO

FO spokesperson said the election was an internal matter of the US.

Updated 06 Nov, 2020 09:21pm

World

Indian police arrest news anchor Arnab Goswami in suicide case

Goswami is being investigated for his alleged role in the death of an architect who designed his studio

Updated 06 Nov, 2020 09:21pm

Currency

USD decline continues against PKR as United States count votes

As per details, at the interbank market, US dollar value declines by 20 paisas against the Pakistani rupee, and the new value of the dollar came to 159 rupees 75 paise on Wednesday.

Updated 06 Nov, 2020 09:20pm

Pakistan

MQM founder Altaf Hussain's financial situation worsens

In a letter, MQM chief says he is unable to pay bills and meet other expenses

Updated 06 Nov, 2020 09:18pm

TCP receives eight bids for 0.32 MTs of wheat

KARACHI: Trading Corporation of Pakistan's international wheat import tender attracted eight (8) bids ranging from...

Updated 06 Nov, 2020 09:18pm

World

White House race on knife edge as votes counted in key states

The Biden campaign slammed Trump's victory claim as "outrageous, unprecedented, and incorrect" and a "naked effort to take away the democratic rights of American citizens."

Published 04 Nov, 2020 11:53pm

World

Biden says 'won't rest until every vote counted'

"We won't rest until everyone's vote is counted," Trump's Democrat rival Biden said on Twitter.

Published 04 Nov, 2020 11:52pm

Stocks

US stock gains pick up speed, Nasdaq surges more than 4pc

The broad-based S&P 500 gained 2.8 percent to 3,463, while the tech-rich Nasdaq Composite Index jumped 4.0 percent to 11,603.25.

Published 04 Nov, 2020 11:50pm

World

Trump alleges 'surprise ballot dumps' in states where he was leading

Trump did not offer any evidence for his allegation of "ballot dumps" and there have been no reports of any irregularities.

Published 04 Nov, 2020 11:44pm

World

Uncertain U.S. election outcome opens way for protests

“We are coming together as Jews, Christians and Muslims to raise our moral voices that we want peace in our society. Whether we are a Democrats or Republicans, we are all human beings and we are all Americans,” said Dawud Walid.

Published 04 Nov, 2020 11:45pm

World

Biden team: Trump faces 'embarrassing defeat' if he fights vote in Supreme Court

Trump "will be in for one of the most embarrassing defeats a president ever suffered before the highest court in the land" if he asks it to invalidate ballots counted after Election Day.

Published 04 Nov, 2020 11:37pm

World

Twitter labels Trump comments on ballot irregularities 'misleading'

Trump alleged that there had been "surprise ballot dumps" in states where he had been leading Democrat Joe Biden in the race for the White House.

Published 04 Nov, 2020 11:33pm

Europe

Brazil's Bolsonaro hopes Trump wins

"The Democratic candidate has spoken twice about the Amazon. Is that what you want for Brazil? Now that's what I call interference," he said.

Published 04 Nov, 2020 11:30pm

Europe

Berlin calls for 'trust' in electoral process after US vote

"We must now be patient," said the minister, whose country holds the rotating presidency of the European union.

Published 04 Nov, 2020 11:24pm

World

Eyes turn to Fed as US presidency remains in limbo

Private employers added 365,000 jobs in October, according to data from payroll services firm ADP released Wednesday, a significant undershoot in hiring.

Published 04 Nov, 2020 11:08pm

World

Trump to ask for recount in Wisconsin: campaign manager

"The president is well within the threshold to request a recount and we will immediately do so."

Published 04 Nov, 2020 11:06pm

US Elections 2020

Biden takes lead in key states in tight White House race

As Trump vented his frustration on Twitter over the slow vote count, the Biden camp expressed confidence it was on track to win enough of the remaining close state races.

Published 04 Nov, 2020 11:02pm

USA

US October private employment rises 365,000, below expectations

The vast majority of new positions added were in the service sector, with goods producers making up the balance of 17,000, the data said.

Published 04 Nov, 2020 07:52pm

USA

Canada trade deficit widens in September to Can$3.3bn

Higher exports of passenger cars and light trucks were also recorded in the month.

Published 04 Nov, 2020 07:50pm

Commodities

Raw sugar edges up amid uncertainty over US election

December white sugar slipped $0.40, or 0.1%, to $196.50 a tonne.
January robusta coffee edged up $4, or 0.3%, to $1,331 a tonne.
March New York cocoa fell $4, or 0.2%, to $2,304 a tonne.

Published 04 Nov, 2020 07:48pm

Stocks

Futures rise in choppy trade as election race tightens

Nasdaq futures surge on Big Tech play.
Banks track declines in Treasury yields.
Investors want decisive result and path to stimulus.
Futures up: Dow 0.38%, S&P 1.23%, Nasdaq 2.80%.

Published 04 Nov, 2020 07:46pm

Forex

Peso recovers from pummelling as US vote hangs in balance

Rising dollar pressures emerging currencies.
Mexican peso positive after losing up to 4%.
Rouble resists losses.

Published 04 Nov, 2020 07:44pm

Stocks

Stocks turn positive in knife-edge US election race

Europe steadies after red start, S&P futures whipsawed.
Trump vows to go to Supreme Court for victory.
Final result might not be known for a days or weeks.
Tech stocks gain on talk a Trump win would favour sector.
Dollar rallies, 10-yr Treasury yields down sharply.
Gold retreats, oil clings to gains.

Published 04 Nov, 2020 07:40pm

Stocks

Saudi bourse leads most Gulf markets higher

A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.
Saudi Arabia's benchmark index advanced 1.1%, boosted by a 2.9% rise in Samba Financial Group and a 0.7% increase in oil giant Saudi Aramco.

Published 04 Nov, 2020 07:38pm

Exchange

Bettors stampede back in favor of Biden as results stream in

The shift, according to data from three odds aggregators, came after Biden overtook Trump in the battleground state of Wisconsin.
Taking the lead in Wisconsin could be the turning point with the Democrat now also projected to win Nevada and Arizona.

Published 04 Nov, 2020 07:35pm

USA

Twitter, Facebook face labeling test on Trump's election posts

The two companies have been under fierce scrutiny over how they police rapidly spreading false information and election-related abuses of their platforms.
Twitter hid a Trump tweet that claimed "we are up BIG, but they are trying to STEAL the Election" behind a label that said it was potentially misleading.

Published 04 Nov, 2020 07:33pm

USA

US private payrolls growth slows in October: ADP

Private payrolls increased by 365,000 jobs last month, the ADP National Employment Report showed on Wednesday.
It was released ahead of the government's closely watched, and comprehensive, monthly employment report on Friday.

Published 04 Nov, 2020 07:31pm

Energy

US natgas futures slip on mild weather forecasts, rising output

That price decline came despite an increase in liquefied natural gas (LNG) exports to a record high.
Data provider Refinitiv said output in the Lower 48 US states rose to an 11-week high of 90.3 billion cubic feet per day (bcfd) on Tuesday.

Published 04 Nov, 2020 07:26pm

Money & Banking

Italy's Intesa hits 2020 profit goal early, before UBI boost

In the first nine months, net profit totalled 3.1 billion euros ($3.6 billion), just ahead of the target set for the whole year.
It said it would use the earnings boost to cover integration costs in the current quarter as it creates Italy's biggest banking group.

Published 04 Nov, 2020 07:21pm

USA

Biden at 238 electoral votes, Trump at 213: US media

The magic number of electoral votes is 270.

Published 04 Nov, 2020 07:14pm

Money & Banking

Bank of England brings forward Thursday rate announcement

Due to the Chancellor's statement, scheduled for Thursday afternoon, the Bank has brought forward the publication time of its Monetary Policy Report.
Sunak is due to give an update on economic support measures related to the lockdown.

Published 04 Nov, 2020 07:16pm

South Asia

Chinese President Xi pledges to import more as pandemic shakes global economy

We should take a constructive stance to reform the global economic governance system and promote an open world economy.
China is set to be the only major economy to grow this year after largely bringing the epidemic under control.

Published 04 Nov, 2020 07:14pm

Sports

Maradona recovering well from surgery, lawyer says

"The last medical report was excellent," said Matias Morla. "Let's stay strong and we'll get through this."
"Venezuela, as well as Cuba, are friendly nations for Diego... but Diego's head is with Gimnasia."

Published 04 Nov, 2020 07:12pm

Currency

Lebanon central bank: govt should be the one to submit its accounts to audit

Lebanon, grappling with a financial meltdown, hired the turnaround specialist this year for the audit of the BDL.
"This would spare the central bank from violating legally binding bank secrecy laws", it said.

Published 04 Nov, 2020 07:10pm

Middle East

Saudi Arabia to ease restrictions on foreign workers

After the economic disruption that came with the coronavirus pandemic, campaigners say potentially hundreds of thousands of illegal workers remain stranded in Saudi Arabia.

Published 04 Nov, 2020 07:11pm

Forex

Dollar climbs as risk of long wait in US election outcome looms

Dollar jumps as US presidential race neck-and-neck.
Mexican peso, Chinese yuan hit hardest on trade war worries.
Trump projected to win Florida, Ohio; Rust Belt in focus.
Implied volatilities ease despite prospect of delay in poll outcome.

Published 04 Nov, 2020 07:08pm

Europe

UK's Johnson insists new lockdown will end on Dec 2

Britain is among the hardest-hit countries in the world in the outbreak, with more than 47,000 deaths from just over one million positive cases.

Published 04 Nov, 2020 07:09pm

Commodities

Palm oil climbs to near 10-month high on tight supply outlook

Palm hits highest since Jan. 13.
La Nina, northeast monsoon to curb output in Malaysia.
Industry expecting a slump in Oct. end-stocks.

Published 04 Nov, 2020 07:06pm

Europe

Swiss drafts army as virus cases spike

The country of 8.56 million has a death toll of some 2,500 to date for some 200,000 declared cases.

Published 04 Nov, 2020 07:06pm

Financial

Offshore Chinese yuan bond holdings rise in Oct as yield gap boosts appeal

Foreign holdings of Chinese government bonds hit a record high, and were up 3.29% from September-end.
Offshore investors held exchange-traded bonds worth a total of 64.28 billion yuan, according to Shanghai Stock Exchange data.

Updated 04 Nov, 2020 07:06pm

US Elections 2020

With U.S. presidential election too close to call, Biden bats away Trump victory claim

President Trump and his Democratic rival Joe Biden both still have possible paths to reach the needed 270 Electoral College votes to win the White House, as states keep counting mail-in ballots that surged amid the coronavirus pandemic.

Published 04 Nov, 2020 06:41pm

Commodities

Gold retreats as close White House race lifts dollar

Spot gold fell 1.1% to $1,887.76 per ounce.
The dollar rose 0.2% against major currencies.

Published 04 Nov, 2020 06:31pm

Commodities

Copper hits lowest in almost 3 weeks on nail-biting US election

Three-month copper on the London Metal Exchange was down 1.3% at $6,726 a tonne.
Copper has rebounded 54% since March, bolstered by a strong recovery from the COVID-19 pandemic in top metals consumer China.

Published 04 Nov, 2020 06:30pm

Middle East

Saudi Arabia to relax foreign workers' sponsorship terms in March '21

The plans, to take effect in March 2021, aim to make the Saudi labour market more attractive,
Through this initiative we aim to build an attractive labour market and improve the working environment through three main services. ..available to all foreign workers in the private sector,

Published 04 Nov, 2020 06:21pm

Industry

Malaysia's AirAsia X revises debt restructuring plan to address creditor concerns

The budget carrier is seeking to reconstitute the $15.3 billion of unsecured debt into a principal amount of 200 million ringgit ($48 million) and have the rest waived.
The revision is made in the interest of time, without prejudice to AAX's rights to defend and seek the appropriate remedies.

Published 04 Nov, 2020 06:19pm

Europe

Russia virus infections hit new record

Russia has listed a total of 1,693,454 cases of infection.

Published 04 Nov, 2020 06:19pm

Stocks

Sri Lankan shares end higher as industrials, consumer stocks gain

The benchmark stock index ended up 1.07% at 5,905.91.
Shares in conglomerates ExpoLanka holdings and John Keells Holdings rose 7.2% and 1.7%, respectively.

Published 04 Nov, 2020 06:16pm

Sports

Maradona undergoes successful brain surgery on blood clot

A scan revealed the blood clot, and on Tuesday he was transferred to the specialist clinic in a northern neighborhood of the capital.

Published 04 Nov, 2020 06:16pm

Money & Banking

Britain's Lloyds steps up job cuts with more than 1,000 fresh layoffs

These changes reflect our ongoing plans to continue to meet our customers' changing needs and make parts of our business simpler.
Union Unite, which represents Lloyds staff, strongly criticised the latest cuts.

Updated 04 Nov, 2020 06:16pm

Pakistan

ECP directs lawmakers to submit asset details by Dec 31

The commission stated that the lawmakers are also required to submit asset details of their spouses and dependent children

Published 04 Nov, 2020 05:58pm

Europe

Italy agrees curfew as Europe tries to stem virus surge

Governments in Europe are struggling to get a hold of a pandemic that has now infected more than 11 million on the continent.

Published 04 Nov, 2020 05:58pm

Africa

Gunmen kill 8 in central Mali attack

Thousands of soldiers and civilians have been killed, and hundreds of thousands have had to flee their homes.

Published 04 Nov, 2020 05:55pm

Money & Banking

India's largest bank sees stronger credit growth after profit beat

SBI rounds off a strong quarterly earnings season for Indian banks as many benefited from a drop in bad loan provisions or increased interest income.
The bank now expects credit growth to be between 8%-9% for the year, it said, compared with an earlier forecast of 8%. Retail loans grew 14.55% in the second quarter.

Published 04 Nov, 2020 05:53pm

Companies

BMW warns of pandemic risks as Q3 profit rebounds

BMW Q3 pretax profit up 9.6%.
BMW says China sales helped profits rebound from Q2.
BMW expects 2020 vehicle deliveries to be down.
BMW abandons 'balanced' global sales strategy.

Published 04 Nov, 2020 05:51pm

Forex

Currencies on roller coaster as US vote count swings; OTP shares shine

Stock markets were mixed, with Budapest's main BUX index jumping by 2.3% and Prague rising 0.4%. Shares in Hungarian OTP Bank extended its gains from Tuesday, rising 1.3%.
Warsaw's main index, however, fell by almost 2%, which some analysts said was caused by concern about the record numbers of Covid cases and profit taking by some players.

Published 04 Nov, 2020 05:47pm

Business & Finance

BMW warns on virus lockdowns but maintains outlook

Group sales were down 1.4 percent year-on-year to 26.3 billion euros.

Published 04 Nov, 2020 05:49pm

Europe

US vote result won't impact trade with Europe, France says

Le Maire added that he would push ahead for a global "digital tax" for technology multinationals despite resistance from Washington, which in June pulled out of talks aimed at securing an accord.

Published 04 Nov, 2020 05:47pm

Commodities

Tight US presidential vote curbs price moves

Market weighs close US vote, crop weather.
Soybeans ticks up, corn and wheat edge lower.
South American weather, Chinese demand remain in focus.

Published 04 Nov, 2020 05:45pm

Energy

Oil rises after Trump falsely claims victory in tight US election

A victory by Trump is viewed as bullish for oil because of sanctions on Iran and his support for Saudi-led OPEC oil cuts to support prices.
West Texas Intermediate was up $0.94 cents, or 2.44%, at $38.60 a barrel.

Published 04 Nov, 2020 05:44pm

Financial

US bond yields tumble on election uncertainty, scaling back of stimulus bets

The benchmark 10-year yield was trading at 0.80% , off session lows but well below five-month highs touched briefly during Asian trade at 0.945%.
Markets got what they really didn't want, with a lot of uncertainty this morning.

Published 04 Nov, 2020 05:41pm

Industry

British retailer John Lewis to cut 1,500 head office jobs

The cuts will fall on employees - or what it calls partners - at its sites in central London and Bracknell, west of London.
In July, the department store division said it would close eight stores, putting 1,300 jobs at risk.

Published 04 Nov, 2020 05:40pm

USA

Brazil industrial output +2.6pc in Sept, recovers all pandemic-fueled losses

This fits with other data that show manufacturing and industry recovering more rapidly than the dominant services sector.
The year-on-year increase in September was 3.4%, also more than the 2.2% rise forecast in a Reuters poll.

Published 04 Nov, 2020 05:38pm

Commodities

Copper trading volumes rebound as speculators return

Copper is widely used by speculators and funds as a proxy for the health of the global economy due to its wide range of uses from construction to manufacturing.
Copper has since pared some of the gains, but is still up more than 50% since March and many traders are betting it will resume its rally.

Published 04 Nov, 2020 05:34pm

Pakistan

Beaconhouse introduced educational technology platform into 200 schools

This come as a result of Landmark agreement signed between Beaconhouse and Knowledge platform.

Published 04 Nov, 2020 05:37pm

Exchange

US election betting odds point to 50-50 chance

Odds for a Biden win have fallen to 49% from 61% on Tuesday.

Published 04 Nov, 2020 05:04pm

Pakistan

Daniel Pearl case: SHC seeks report from home dept on detention of accused

Petitioner’s lawyer told the court that the government issued a notification regarding the detention of the accused after their acquittal under the MPO without giving any plausible reason

Published 04 Nov, 2020 04:24pm

Exchange

US Election results: What you need to know right now

The U.S. presidential election will be decided by a handful of states that could swing to either Trump or Biden.

Updated 04 Nov, 2020 04:16pm

World

Twitter, Facebook face labeling test on Trump's election posts

The two companies have been under fierce scrutiny over how they police rapidly spreading false information and election-related abuses of their platforms. In the weeks leading up to Tuesday’s vote, they both vowed to take action on posts by candidates trying to declare early victory.

Published 04 Nov, 2020 03:43pm

Business & Finance

Pakistan’s economy ‘on path to recovery’ as world battles COVID

He added that “Big electricity price cut for industry will further accelerate industrial growth particularly for SME's.”

Published 04 Nov, 2020 03:39pm

Pakistan

Govt seals Parliament House after 30 staffers test positive for coronavirus

The meetings of the standing committees of the Senate and National Assembly have been cancelled and are being rescheduled

Published 04 Nov, 2020 03:21pm

Pakistan

Rising COVID-19 cases: No plan to close educational institutions, says Shafqat

Shafqat says Pakistan is witnessing second wave of coronavirus and the health ministry is monitoring the developments

Updated 04 Nov, 2020 03:01pm

Business & Finance

General Tyre and Rubber PAT grew exponentially amid drop in financial cost

As per the company’s financial statements, the PAT of the company profit after tax for the quarter was Rs.126.0 million as compared to PAT of Rs.15.9 million reported in the same period last year.

Published 04 Nov, 2020 02:28pm

Exchange

Pakistan, Bosnia have always been friendly countries with no open issues, says Dzaferovic

He said both countries have plenty of opportunities to expand the cooperation between them.

Updated 04 Nov, 2020 02:29pm

BR Research

Healthcare crisis: Hemp needed

The government’s decision to legalise the cultivation of hemp met with the usual toxicity of taunts and banter ...

Published 04 Nov, 2020 02:00pm

Life & Style

Kanye West votes himself for US President before stepping out of race

The singer and fashion designer appeared to concede his 2020 bid had ended but suggested his quest was not over.

Published 04 Nov, 2020 01:51pm

Currency

Cash is still King

The 2010s brought with them the promise of a digital future, of seamless connectivity, and painless transactions. ...

Published 04 Nov, 2020 01:55pm

Exchange

Asian equities except India see outflows in October on U.S. election jitters

According to stock exchange data, Indian shares witnessed inflows worth $2.66 billion in October, after seeing an outflow of about $1 billion in the previous month.

Published 04 Nov, 2020 01:37pm

Business & Finance

Dawood urges Exporters & Industrialists to avail the Industrial Support Package

“It was a long standing demand of our industry that our energy tariff be made competitive in order to reduce their cost of doing business. This demand has now been met,” said Dawood in a tweet post on Wednesday.

Published 04 Nov, 2020 01:27pm

Life & Style

Britney Spears tells worried fans 'I'm fine'

Fans believe the singer is being kept prisoner in her home and that she is sending cryptic signals begging to be freed.

Published 04 Nov, 2020 01:20pm

World

Presidential election results: Biden says ‘we are on track to win’ as Trump takes Florida and Ohio

Donald Trump is seeking to continue his presidency for another four years. His Democratic challenger, 77-year-old Joe Biden is hoping to unseat him.

Updated 04 Nov, 2020 01:16pm

US Elections 2020

Trump alleges 'major fraud' in elections, says we will go to US Supreme Court

US President says as far as I am concerned, we did win this election
Trump accuses Democrats of attempting to "steal" the election from him

Updated 04 Nov, 2020 01:16pm

Pakistan

Bosnian leader Dzaferovic meets PM Imran Khan

The two leaders will witness the signing of MoUs

Published 04 Nov, 2020 12:51pm

Industry

Brick Prices Rise with Government-Imposed Ban on Brick Kilns

Prices of bricks rise by Rs.1200 as the government-imposed ban continues on brick kilns without zigzag methodology

Published 04 Nov, 2020 12:12pm

Pakistan

Bosnian leader Dzaferovic arrives in Islamabad

During his visit, the chairman will call on Prime Minister Imran Khan and President Dr. Arif Alvi

Updated 04 Nov, 2020 12:13pm

Money & Banking

Tired of Trump, Deutsche Bank games ways to sever ties with the president

The three loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president, according to two bank officials.

Published 04 Nov, 2020 11:21am

Business & Finance

Trump's stock market: A wild four years

Wall Street continued its path higher through a trade war and impeachment, going on to new record highs following a deep slump caused by the coronavirus pandemic that continues to cripple the global economy.

Published 04 Nov, 2020 11:18am

Technology

TPL Trakker Launches TrakkerPro a First in Stolen Vehicle Recovery

For the first time in Pakistan, TrakkerPro customers will get the cash equivalent of the value of their car if, due to unforeseen circumstances, the Company is unable to recover their stolen car.

Published 04 Nov, 2020 10:28am

World

Two Muslim men praised for helping injured policeman, woman in Vienna shooting

Recep Tayyip Gultekin and Mikail Ozen carried an injured police officer to safety.

Published 04 Nov, 2020 10:28am

Business & Finance

U.S. crude stocks drop sharply in latest week: API

Crude inventories fell by 8 million barrels in the week to Oct. 30 to about 487 million barrels, compared with analysts’ expectations in a Reuters poll for a build of 890,000 barrels.

Published 04 Nov, 2020 10:15am

Exchange

China's shock suspension of Ant IPO lauded as necessary by state media

The entry of large tech firms into finance has led to concerns about fair competition and data privacy as well as other issues, the China Securities Journal quoted Zhang Zixue, a professor at the China University of Political Science and Law, as saying.

Published 04 Nov, 2020 10:12am

Mutual Funds

The General Tyre and Rubber

The General Tyre and Rubber (PSX: GTYR) was established in 1963 as a private limited company and started production ...

Published 04 Nov, 2020 08:10am

BR Research

Food continues to keep inflation high

Inflation remains high but is not hitting everyone similarly. The divergence is intuitive, and the numbers are...

Published 04 Nov, 2020 08:03am

BR Research

Despite gloom, Jazz looks good!

Call it the taxman’s highhandedness or a telco’s intransigence, but the manner in which a lockdown was enforced...

Published 04 Nov, 2020 08:03am

Currency

NBP sails smooth

National Bank of Pakistan (NBP) defied all odds and posted a massive 60 percent year-on-year growth in after-tax...

Published 04 Nov, 2020 08:02am

BR Research

OGDCL 1QFY21 – slow or improving?

There are two ways to look at Oil and Gas Development Company’s (PSX: OGDCL) financial performance for 1QFY21:...

Published 04 Nov, 2020 08:02am

World

Trump wins Indiana as polls begin to close: Edison Research

The winner - who may not be determined for days - will lead a nation strained by a pandemic that has killed more than 231,000 people and left millions more jobless, racial tensions and political polarization that has only worsened during a vitriolic campaign.

Published 04 Nov, 2020 05:33am

World

Economy top concern for U.S. voters: exit poll

Two out of 10 voters said COVID-19, which has infected more than 9.4 million people in the United States this year and killed more than 230,000, was the most important issue to them.

Published 04 Nov, 2020 04:24am

Stocks

Australia shares set to open flat ahead of U.S. election outcome; NZ gains

The local share price index futures were up 0.06pc, a 10.4-point discount to the underlying S&P/ASX 200 index close.

Published 04 Nov, 2020 03:50am

US Elections 2020

Economy top concerns for U.S. voters: exit polls

Two out of 10 said COVID-19, which has infected more than 9.4 million people in the United States this year and killed more than 230,000.

Published 04 Nov, 2020 03:46am

US Elections 2020

Democrats favored to win control of U.S. Senate, but results may be delayed

Democrats are hoping to usher in a new political era in Washington if their presidential nominee, former Vice President Joe Biden, also wins.

Published 04 Nov, 2020 03:42am

US Elections 2020

New York attorney general probes robocalls spreading voting disinformation

Her office earlier this week issued subpoenas to investigate the source of the robocalls allegedly spreading disinformation.

Published 04 Nov, 2020 03:40am

World

Twitter suspends several right-leaning news accounts posting about U.S. elections for violations

Twitter said the accounts had been suspended for violating its policy against “coordination,” posting identical content while appearing independent or engaging in other covertly automated behavior.

Published 04 Nov, 2020 03:32am

Pakistan

Chauhan made minister for prisons

LAHORE: Punjab government has assigned new responsibilities to former Punjab information minister, Fayyaz-ul-Hassan...

Updated 04 Nov, 2020 03:32am

PTA unveils 'Rolling Spectrum Strategy 2020-23'

ISLAMABAD: The government has unveiled "Rolling Spectrum Strategy 2020-23," recommending not to put in place a fixed...

Updated 04 Nov, 2020 03:31am

COAS visits FWO HQs

RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Tuesday visited Headquarters of Frontier Works...

Updated 04 Nov, 2020 03:31am

Pilots' salaries, allowances not reduced: PIA

KARACHI: Pakistan International Airlines (PIA) Tuesday said that the management has not reduced pilots' salaries,...

Updated 04 Nov, 2020 03:31am

New draft of APTTA, PTA: Dawood to visit Afghanistan from 16th

ISLAMABAD: Prime Minister's Advisor on Commerce and Investment, Abdul Razak Dawood is to visit Afghanistan from...

Updated 04 Nov, 2020 03:31am

Electricity being supplied to AJK: SC directs ministries to look into ST issue

ISLAMABAD: The Supreme Court directed the Ministry of Finance and the Ministry of Power to look into charging of...

Updated 04 Nov, 2020 03:31am

Punjab govt allows import of Iranian tomato

LAHORE: To control the price of tomato, which is selling in the range of Rs 180, the Punjab government has allowed...

Updated 04 Nov, 2020 03:31am

FBR says there will be no extension in return filing deadline

ISLAMABAD: The Federal Board of Revenue (FBR) has made it clear to all taxpayers that the date for filing annual...

Updated 04 Nov, 2020 03:31am

US Elections 2020

Biden campaign confident in winning presidency, without Florida and Pennsylvania

According to Joe Biden's campaign, the presidential nominee can defeat President Donald Trump and win the White House, even without the support of two crucial battleground states - Florida and Pennsylvania.

Published 04 Nov, 2020 03:10am

Pakistan

$2m grant deal inked with ADB to combat Covid-19 pandemic

ISLAMABAD: The government of Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $2 million grant...

Updated 04 Nov, 2020 03:27am

Pakistan

Biometrics system for prisoners: SHC seeks progress report from Nadra

KARACHI: Sindh High Court (SHC) on Tuesday sought the progress report from National Database and Registration...

Updated 04 Nov, 2020 03:27am

Pakistan

Parliament attack case: Rana urges CJP to take notice of PM's acquittal

LAHORE: Pakistan Muslim League-Nawaz (PML-N) Punjab President Rana Sanaullah has urged the Chief Justice of Pakistan...

Updated 04 Nov, 2020 03:27am

Pakistan

CM announces to celebrate 'Shan-e-Rehmat-ul-Aalmeen' (PBUH) Week every year

LAHORE: Chief Minister Sardar Usman Buzdar on Tuesday said the government has decided to officially celebrate...

Updated 04 Nov, 2020 03:27am

Pakistan

PKM urges Buzdar to take action against sugarcane 'mafia'

LAHORE: Pakistan Kissan Movement (PKM) Secretary General Hanif Gujjar has urged Punjab Chief Minister to take action...

Updated 04 Nov, 2020 03:27am

Pakistan

JI chief meets Turkish ambassador

LAHORE: Chief of Jamaat-e-Islami Senator Sirajul Haq has called on Turkish ambassador Mustafa Yurdakul, on Tuesday,...

Updated 04 Nov, 2020 03:27am

Pakistan

Gwadar Shipyard Project: NA body expresses satisfaction, support

ISLAMABAD: The National Assembly Standing Committee on Defence Production on Tuesday expressed satisfaction and...

Updated 04 Nov, 2020 03:27am

Pakistan

PSP to give workable roadmap in 8th public meeting: Kamal

KARACHI: Chairman Pak Sarzameen Party (PSP) Mustafa Kamal on Tuesday said that his party would give a workable...

Updated 04 Nov, 2020 03:27am

Pakistan

Daraz gears up for biggest annual '11.11' sale

KARACHI: Daraz is geared up to launch its biggest annual '11.11' sale, commonly known as GyaraGyara. The country ...

Updated 04 Nov, 2020 03:27am

Pakistan

IHC directs govt to appoint CAA DG on permanent basis

ISLAMABAD: The Islamabad High Court (IHC) Tuesday directed the government to fill the vacant post of director ...

Updated 04 Nov, 2020 03:27am

Pakistan

Mir Shakil: CJP urged to constitute 3-member bench

ISLAMABAD: Chief Justice Gulzar Ahmed on Tuesday was urged to constitute a three-member bench for hearing the...

Updated 04 Nov, 2020 03:27am

Pakistan

Imran is modern form of dictatorship: Memon

HYDERABAD: MPA Sharjeel Inam Memon said that the way federal government was being governed the country; there was no...

Updated 04 Nov, 2020 03:27am

Pakistan

Lakki Marwat district: Lucky Cement launches second scholarship programme

KARACHI: In continuation to support education in Pakistan and provide affordable education for the deserving...

Updated 04 Nov, 2020 03:21am

Pakistan

Pink Residency case: Record submitted to NAB, AC has been tempered: counsel

ISLAMABAD: A defence counsel on Tuesday alleged that the record submitted before the National Accountability Bureau...

Updated 04 Nov, 2020 03:21am

Pakistan

NA panel passes 'The Exit from Pakistan (Control) (Amend) Bill'

ISLAMABAD: Amid controversy over placement of names of prominent opposition leaders on the Exit Control List (ECL) ...

Updated 04 Nov, 2020 03:21am

Pakistan

Sefik Dzaferovic due on 4th: FO

ISLAMABAD: Chairman of the Presidency of Bosnia and Herzegovina, Sefik Dzaferovic will pay a two-day official visit...

Updated 04 Nov, 2020 03:21am

Pakistan

Various measures to curb spread of smog in Punjab

ISLAMABAD: The government has started various measures to curb the spread of smog in Punjab, which is not only ...

Updated 04 Nov, 2020 03:21am

Pakistan

G-B status: PM's statement ahead of polls not appropriate: Senate panel

ISLAMABAD: The Senate Standing Committee on Kashmir Affairs and Gilgit-Baltistan raised 'objection' Tuesday over...

Updated 04 Nov, 2020 03:21am

Pakistan

Opposition parties slam PM's G-B visit

ISLAMABAD: Prime Minister Imran Khan's visit to Gilgit-Baltistan where he announced provisional provincial status to...

Updated 04 Nov, 2020 03:21am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (November 3, 2020) and the forecast for Wednesday (November 4, 2020)....

Updated 04 Nov, 2020 03:21am

Asia

China, Nepal deny Nepali opposition's landgrab accusations

KATHMANDU/BEIJING: China and Nepal denied on Tuesday the accusations of Nepali opposition lawmakers who said Beijing...

Updated 04 Nov, 2020 03:17am

World

India hosts key naval exercise with eye on China

NEW DELHI: India, Australia, Japan and the United States started a strategic navy drill Tuesday in the Bay of ...

Updated 04 Nov, 2020 03:17am

Stocks

European stocks hit 1-week high

MILAN/FRANKFURT: Banking and auto stocks propelled the European stocks benchmark to a one-week high on Tuesday, ...

Updated 04 Nov, 2020 03:16am

Stocks

Saudi index slumps; Gulf markets mixed

DUBAI: Saudi Arabia's stock market closed lower on Tuesday hurt by a string of disappointing corporate earnings,...

Updated 04 Nov, 2020 03:16am

Energy

LNG purchased at record lowest rate: PD

ISLAMABAD: The federal government has claimed it purchased LNG at record lowest rate, ie, on an average 4.07-9.54...

Updated 04 Nov, 2020 03:16am

Energy

US natural gas futures fall on milder weather

NEW YORK: US natural gas futures fell on Monday as forecasts indicated milder weather in the coming days, but prices...

Updated 04 Nov, 2020 03:16am

Energy

Saudi Aramco profits dive in virus-hit Q3

RIYADH: Energy giant Saudi Aramco on Tuesday posted a 44.6 percent slump in third-quarter profit, as the coronavirus...

Updated 04 Nov, 2020 03:16am

Commodities

CBOT soyabean futures lower

CHICAGO: Chicago Board of Trade soyabean futures closed lower on Monday on technical selling and long liquidation...

Updated 04 Nov, 2020 03:16am

Commodities

CBOT corn futures down

CHICAGO: Chicago Board of Trade corn futures ended lower on Monday as funds scaled back long positions ahead of the...

Updated 04 Nov, 2020 03:16am

Commodities

Chinese coke futures gain on robust demand

BEIJING: Chinese coke futures climbed more than 3% on Monday, supported by resilient demand at blast furnaces and...

Updated 04 Nov, 2020 03:16am

Opinion

PARTLY FACETIOUS: Firdous has connections...

"The media team has been changed in Punjab yet again and a reject of the federal government, no disrespect intended,...

Updated 04 Nov, 2020 03:14am

Exchange

Investing in technology sector: III - Software segment (a)

Parts I and II of this series dealt with the hardware category of the technology sector. In Part III we take a look...

Updated 04 Nov, 2020 03:13am

Industry

PM praised for reducing power tariffs for SMEs

KARACHI: Mian Anjum Nisar, President FPCCI, has praised the prime minister for his bold initiative to reduce...

Updated 04 Nov, 2020 03:13am

Industry

Metro expands its business footprints in Multan

MULTAN: Metro, Pakistan's largest organized wholesaler and food specialist launched Metro Wholesale Centre at ...

Updated 04 Nov, 2020 03:13am

Industry

LCCI seeks FBR's help in resolving tax issues

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) while highlighting the taxation-related issues has sought...

Updated 04 Nov, 2020 03:13am

Currency

Dollar dips, euro rises in Europe

LONDON: Foreign exchange markets moved on Tuesday towards pricing a victory for US Democratic candidate Joe Biden...

Updated 04 Nov, 2020 03:13am

Currency

Early trade in New York: Dollar dips, risk appetite jumps

NEW YORK: The US dollar dipped on Tuesday on stronger risk appetite as Americans headed to the polls and as ...

Updated 04 Nov, 2020 03:13am

Currency

Sterling rises

• Overnight implied volatility soars to highest since March LONDON: Sterling rose on Tuesday on the back of a...

Updated 04 Nov, 2020 03:13am

Currency

Import substitution-led growth

Notwithstanding the praises that we earned at the last FATF virtual round for showing progress in all the...

Updated 04 Nov, 2020 03:13am

Life & Style

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time). 06:00 NEWS HOUR 06:25 HEADLINE NEWS 06:30 NEWS HOUR 06:55 HEADLINE...

Updated 04 Nov, 2020 03:10am

Neelum-Jhelum surcharge: Senate body for stopping collection through power bills

ISLAMABAD: Senate Standing Committee on Planning, Development and Special Initiatives has recommended stopping...

Updated 04 Nov, 2020 03:10am

Faraz accuses PDM of furthering India's agenda

ISLAMABAD: Federal Minister for Information and Broadcasting Shibli Faraz on Tuesday accused the opposition's...

Updated 04 Nov, 2020 03:10am

World

Anxious Americans choose between Biden, Trump

PHILADELPHIA/WASHINGTON: After a rancorous presidential campaign that exposed the depth of the political divisions ...

Updated 04 Nov, 2020 03:10am

Kashmir becomes part of Pakistan in Trump Jr.'s US electoral map prediction

KARACHI: It looks like other countries have started to recognise Illegally Occupied Jammu and Kashmir (IIOJ&K) ...

Updated 04 Nov, 2020 03:10am

Exchange

China slams the brakes on Ant Group's $37 billion listing

HONG KONG: China suspended Ant Group's $37 billion stock market listing on Tuesday, thwarting the world's largest ...

Updated 04 Nov, 2020 03:10am

Exchange

Strategic dialogue: Pakistan, EU to further enhance bilateral cooperation

ISLAMABAD: Pakistan and the European Union Tuesday expressed satisfaction over the Strategic Engagement Plan, and...

Updated 04 Nov, 2020 03:10am

Exchange

Reforms introduced in government entities, cabinet told

ISLAMABAD: Advisor to the Prime Minister on Institutional Reforms and Austerity Dr Ishrat Hussain Tuesday apprised...

Updated 04 Nov, 2020 03:10am

Cheap power to industries, KE: Government to give Rs 21 billion subsidy from Covid Package

ISLAMABAD: The government has reportedly decided to allocate Rs 21 billion subsidy from Covid-specific stimulus...

Updated 04 Nov, 2020 03:10am

Cotton

4 months of FY21: exports show 0.1 percent negative growth YoY

ISLAMABAD: The country's exports have shown negative growth of 0.1 percent during first four months of current ...

Updated 04 Nov, 2020 03:07am

ECC meets today: Settlement of gas circular debt, removal of duties may be approved

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet may approve settlement of gas...

Updated 04 Nov, 2020 03:07am

SPI up 1.38 percent WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended October 29, 2020, recorded an increase of 1.38...

Updated 04 Nov, 2020 03:07am

Austrian police arrest 14 in dragnet after gunman kills four on rampage

VIENNA: Austrian police raided 18 locations and arrested 14 people in a massive dragnet on Tuesday, after a gunman...

Updated 04 Nov, 2020 03:06am

PM takes power relief step to help boost exports

ISLAMABAD: Prime Minister Imran Khan on Tuesday announced Industrial Support Package (ISP) that offers additional...

Updated 04 Nov, 2020 03:06am

Opinion

International donors likely to pledge less aid for Afghanistan

Afghanistan is likely to receive reduced pledges for aid from international donors gathering in Geneva next month,...

Updated 04 Nov, 2020 03:06am

Editorials

Ayaz Sadiq on ignominious retreat

EDITORIAL: The statement seemed to have come straight out of the office of Indian Prime Minister Narendra Modi who...

Published 04 Nov, 2020 02:45am

Stocks

Dow ends up 2.1pc to conclude strong Election Day session

The broad-based S&P 500 advanced 1.8 percent to end at 3,369.16, while the tech-rich Nasdaq Composite Index gained 1.9 percent to 11,160.57.

Published 04 Nov, 2020 02:47am

Money & Banking

Banking Mohtasib's secretariat receives 19,028 complaints

KARACHI: Despite of Covid-19, a significant increase has been observed in the number of complaints lodged with the...

Published 04 Nov, 2020 02:45am

Pakistan

Institutional strengthening, training programme for SPRIP

KARACHI: Sindh Provincial Road Improvement Project Management Unit (PMU) Project (SPRIP) Works & Services...

Published 04 Nov, 2020 02:45am

Pakistan

PFUJ declares November 3 2007 as blackest day

ISLAMABAD: Pakistan Federal Union of Journalists said that November 3, 2007 was the blackest day in the history of...

Published 04 Nov, 2020 02:45am

Cotton

Huge potential for export of value-added products to China: CG

KARACHI: Pakistan's Consul-General in Shanghai Hussain Haider has emphasized that in order to increase Pakistan's...

Published 04 Nov, 2020 02:45am

Currency

Xi warns of rising risks as party charts course for five years

BEIJING: Chinese President Xi Jinping, commenting on the ruling Communist Party's recommendations for the next five...

Published 04 Nov, 2020 02:45am

Europe

UK increases terrorism threat level to 'severe'

LONDON: Britain on Tuesday upgraded the country's terrorism threat level from "substantial" to "severe", after a...

Published 04 Nov, 2020 02:45am

Europe

Athens' first state-sanctioned mosque opens its doors

ATHENS: The first official mosque in Athens, delayed for more than a decade, opened its doors to a few faithful ...

Published 04 Nov, 2020 02:45am

Europe

'Miracle' girl, 3, rescued 91 hours after Turkey quake

BAYRAKLI: A three-year-old girl was pulled from rubble Tuesday, 91 hours after a powerful earthquake hit western...

Published 04 Nov, 2020 02:45am

Pakistan

Taj elected ICAP president

ISLAMABAD: The Council of the Institute of Chartered Accountants of Pakistan (ICAP) Tuesday elected its new...

Published 04 Nov, 2020 02:45am

Pakistan

APNS condoles

KARACHI: Hameed Haroon, President, Sarmad Ali, Secretary General, All Pakistan Newspapers Society on behalf of the...

Published 04 Nov, 2020 02:45am

Pakistan

Pakistan rejects Indian minister's comments on G-B

ISLAMABAD: Pakistan, while categorically rejecting Indian defence minister's "unwarranted" comments regarding...

Published 04 Nov, 2020 02:45am

Pakistan

MCC foils bid to smuggle heroin to Canada

KARACHI: Model Customs Collectorate (MCC), Exports Port Qasim, Karachi has foiled an attempt to smuggle heroin...

Published 04 Nov, 2020 02:45am

Pakistan

Police seek audit reports from RPOs, DPOs by 10th

LAHORE: The Punjab police have directed all the regional and district police officers to complete audit of their...

Published 04 Nov, 2020 02:45am

Letters

Political point-scoring in the midst of pandemic

The government-opposition confrontation has intensified in recent days. Both the sides have been stepping up their...

Published 04 Nov, 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 04 Nov, 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 04 Nov, 2020 02:45am

Forex

Exchange rates: buying and selling

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

Published 04 Nov, 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 04 Nov, 2020 02:45am

Libor

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (November 3, ...

Published 04 Nov, 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 04 Nov, 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 04 Nov, 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 Tuesday (November...

Published 04 Nov, 2020 02:45am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 04 Nov, 2020 02:45am

Libor

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Tuesday (November 3, 2020). ========================== KIBOR...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (November 3, 2020). ========================...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Tuesday (November 3, 2020). ========================...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Tuesday (November 3, 2020). ======================== Offer Price 1,156.1830 Bid...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Tuesday (November 3, 2020). ======================== Offer Price...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Tuesday (November 3, 2020). ======================== Offer Price...

Published 04 Nov, 2020 02:45am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Tuesday (November 3, 2020). ======================== Offer ...

Published 04 Nov, 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 04 Nov, 2020 02:45am

Exchange

Clearing Schedule for T+2 System

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

Published 04 Nov, 2020 02:45am

Exchange

Proposed right issues

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

Published 04 Nov, 2020 02:45am

Stocks

Last date of renunciation/payment

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

Published 04 Nov, 2020 02:45am

Exchange

Dividend/Bonus Announcements

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

Published 04 Nov, 2020 02:45am

Exchange

BOARD MEETINGS

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

Published 04 Nov, 2020 02:45am

Stocks

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

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

Published 04 Nov, 2020 02:45am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (November 3, 2020). ==================================== BR...

Published 04 Nov, 2020 02:45am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

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

Published 04 Nov, 2020 02:45am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Tuesday (November 3, 2020)...

Published 04 Nov, 2020 02:45am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Tuesday (November 3, 2020)....

Published 04 Nov, 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 04 Nov, 2020 02:45am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Currency

THE RUPEE: $ falls below Rs160

KARACHI: On Tuesday, on market close, PKR showed mixed behaviour. It went up against USD in interbank market while...

Published 04 Nov, 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 Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Tuesday (November 3, 2020). ======================== Bid Rate...

Published 04 Nov, 2020 02:45am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Tuesday (November 3, 2020). ======================================= Offset...

Published 04 Nov, 2020 02:45am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (November 3, 2020)...

Published 04 Nov, 2020 02:45am

Exchange

LME official prices

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

Published 04 Nov, 2020 02:45am

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Commodities

Gold prices go up by Rs900

KARACHI: Gold prices further went up by Rs900 per tola to Rs Rs114100 on the local market, traders said on Tuesday....

Published 04 Nov, 2020 02:45am

Energy

Resumption in economic activity lifts POL sales

KARACHI: MS, HSD and FO sales showed recovery of 4.6/6.0/32 percent on year-on-year basis, respectively that took...

Published 04 Nov, 2020 02:45am

Cotton & Textile

KCA cuts cotton spot rate by Rs200 to Rs9700

KARACHI: The Spot Rate Committee of the Karachi Cotton Association on Tuesday has decreased the spot rate by Rs 200...

Published 04 Nov, 2020 02:45am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (November 3, 2020)....

Published 04 Nov, 2020 02:45am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 175,010 tonnes of cargo comprising 111,914 tonnes of import cargo and 63,096 ...

Published 04 Nov, 2020 02:45am

Grains

Russian wheat prices fall

MOSCOW: Russian wheat export prices fell last week after four weeks of growth, mainly due to a sharp sell-off in...

Published 04 Nov, 2020 02:45am

Grains

Euronext wheat futures little changed

PARIS: Euronext wheat futures ended little changed on Monday, consolidating after a slide last week as traders...

Published 04 Nov, 2020 02:45am

Stocks

Aussie dips as bond yields at record lows

SYDNEY/WELLINGTON: The Australian dollar eased and bond yields hit record lows on Tuesday after the country's ...

Published 04 Nov, 2020 02:45am

Stocks

FTSE 100 logs best day in two months

LONDON: London's FTSE 100 scored its biggest one-day percentage gain in nearly two months on Tuesday, getting a ...

Published 04 Nov, 2020 02:45am

Stocks

Australian, NZ shares gain

SYDNEY/WELLINGTON: Australian shares on Tuesday closed 2% higher to notch their best session in nearly a month,...

Published 04 Nov, 2020 02:45am

Stocks

Wall Street rises

NEW YORK: The Dow and S&P closed higher on Monday with the Nasdaq posting slimmer gains on the eve of the US...

Published 04 Nov, 2020 02:45am

Stocks

Tuesday's early trade: Main indexes jump

NEW YORK: Wall Street's main indexes jumped on Tuesday as investors bet that one of the country's most divisive...

Published 04 Nov, 2020 02:45am

Stocks

China shares up

BEIJING/SHANGHAI: Chinese shares ended higher on Tuesday, led by gains in material and financial stocks, as ...

Published 04 Nov, 2020 02:45am

Grains

Price of imported sugar fixed at Rs 83.5/kg

LAHORE: The Lahore administration on Tuesday fixed the price of imported sugar at Rs83.5 per kg in the city with...

Published 04 Nov, 2020 02:45am

Cotton & Textile

3.45 million cotton bales reach ginneries

MULTAN: Seed cotton (Phutti) equivalent to over 3.45 million or exactly 3,452,382 bales have reached ginning...

Published 04 Nov, 2020 02:45am

Exchange

Bulls storm PSX: BRIndex100 rebounds

KARACHI: Pakistan Stock Exchange Tuesday witnessed a bullish trend on the back of aggressive buying at attractively...

Published 04 Nov, 2020 02:45am

Industry

Drug industry: MoC should deal with business-related issues: PPMA

KARACHI: "The Pakistan Pharmaceutical Manufacturers Association (PPMA) has urged the federal government that ...

Published 04 Nov, 2020 02:45am

Industry

Local industry: Power relief package to enhance competitiveness, says minister

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar has said that the government has announced ...

Published 04 Nov, 2020 02:45am

Industry

KPEZDMC signs MoUs with BoK, UET

PESHAWAR: Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) on Tuesday signed two...

Published 04 Nov, 2020 02:45am

Industry

US factory orders rise solidly; outlook uncertain

WASHINGTON: New orders for US-made goods increased solidly in September, but further gains could be limited amid an...

Published 04 Nov, 2020 02:45am

Money & Banking

Australia cuts rates to historic lows, expands bond-buying scheme

SYDNEY: Australia's central bank slashed interest rates to historic lows and ramped up its huge bond-buying ...

Published 04 Nov, 2020 02:45am

Money & Banking

Malaysia holds rates

KUALA LUMPUR: Malaysia's central bank kept interest rates unchanged at its last monetary policy meeting of the year...

Published 04 Nov, 2020 02:45am

Taxes

Computer vendors industry: FBR approached to check 'harassment' by field formations

ISLAMABAD: The computer vendors industry has approached the Federal Board of Revenue (FBR) to check harassment by ...

Published 04 Nov, 2020 02:45am

Taxes

Customs Region (North) surpasses duty target at import stage in Oct

ISLAMABAD: The Customs Region (North) of the Federal Board of Revenue (FBR) has surpassed the customs duty target by...

Published 04 Nov, 2020 02:45am

Commodities

Weather supports Ivory Coast cocoa main crop

ABIDJAN: Above average rainfall last week in Ivory Coast's cocoa growing regions is expected to boost the yield of...

Published 04 Nov, 2020 02:45am

Commodities

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 6.895 ...

Published 04 Nov, 2020 02:45am

Taxes

'Clause' in IT Ordinance creates confusion between LESCO, FBR

LAHORE: The Clause 66, Part IV, of the second schedule to Income Ordinance has become a hard nut to crack between ...

Published 04 Nov, 2020 02:45am

Taxes

Violation of transfer, posting orders: FBR to take strict action against errant tax officials

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take strict action against the tax officials, who have...

Published 04 Nov, 2020 02:45am

Exchange

Excitement about new auto policy

EDITORIAL: The government seems pretty serious about getting the most out of different sectors of the economy that...

Published 04 Nov, 2020 02:45am

Industry

Pakistan's share less than 1 percent in trillion dollars global Halal market: seminar

KARACHI: Despite being a Muslim country, Pakistan's export share in the trillion dollars global Halal market is less...

Published 04 Nov, 2020 02:45am

Currency	Rate
USD PKR Interbank Selling / Jun 29	278.37
USD PKR Interbank Buying / Jun 29	278.17
USD to Japanese Yen / Jun 29	161.96
USD to Swiss Franc / Jun 29	0.81
Pound Sterling to USD / Jun 29	1.32
Euro to USD / Jun 29	1.14
SOFR % / Jun 29	3.64

Stock	Volume
S&P 500 / Jun 29	7,440.43
India Sensex / Jun 29	76,728.37
Tokyo Nikkei / Jun 29	69,468.11
Nasdaq / Jun 29	25,820.14
Hang Seng / Jun 29	23,026.68
FTSE 100 / Jun 29	10,484.22
Dow Jones / Jun 29	52,182.74
Germany DAX 30 / Jun 29	24,626.89
France CAC40 / Jun 29	8,367.33

Item	Value
Crude Oil USD/Barrel / Jun 29	70.36
Karachi Cotton PKR/37.32 KG / Jun 29	17,780
Gold 10 Grams PKR / Jun 29	367,743
Gold Spot USD/Ounce / Jun 29	4,001.27
Cotton US¢/pound / Jun 29	76.45
Petrol/Litre / Jun 30	299.50
Diesel/Litre / Jun 30	311.47

Stock	Price
Blue-Ex Ltd / Jun 29 Blue-Ex Limited(BLUEX)	7.16 ▲ 1 (16.23%)
Ghani Chemworld Limited (R) / Jun 29 Ghani Chemworld Limited Right(GCWLR)	9.01 ▲ 1 (12.48%)
Pak Agro Pack. (GEM) / Jun 29 Pak Agro Packaging Limited (GEM)(GEMPAPL)	11.28 ▲ 1.03 (10.05%)
LSE Financial Serv. / Jun 29 LSE Financial Services Limited(LSEFSL)	23.38 ▲ 2.13 (10.02%)
Masood Tex.(Pref) / Jun 29 Masood Textile Mills Limited (Preference)(MSOTPS)	15.04 ▲ 1.37 (10.02%)
Bawany Air Products / Jun 29 Bawany Air Products Limited(BAPL)	30.67 ▲ 2.79 (10.01%)
First Tri-Star Mod. / Jun 29 First Tri-Star Modaraba(FTSM)	39 ▲ 3.55 (10.01%)
Ali Asghar / Jun 29 Ali Asghar Textile Mills Limited(AATM)	63.37 ▲ 5.76 (10%)
Ansari Sug. / Jun 29 Ansari Sugar Mills Limited(ANSM)	30.36 ▲ 2.76 (10%)
Al-Shaheer Corp / Jun 29 Al Shaheer Corporation Limited(ASC)	13.42 ▲ 1.22 (10%)

Stock	Price
UBLPakistanETF / Jun 29 UBLPakistan Enterprise ETF(UBLPETF)	31.71 ▼ -10.18 (-24.3%)
NBP PGETF / Jun 29 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	29.88 ▼ -5.58 (-15.74%)
First Fid. Leasing / Jun 29 First Fidelity Leasing Modaraba(FFLM)	20.05 ▼ -2.23 (-10.01%)
Buxly Paints / Jun 29 Buxly Paints Limited(BUXL)	226.55 ▼ -25.17 (-10%)
Zuma Resources / Jun 29 Zuma Resources Limited(ZUMA)	94.24 ▼ -10.47 (-10%)
TPL Trakker Ltd / Jun 29 TPL Trakker Limited(TPLT)	22.80 ▼ -2.53 (-9.99%)
Meezan PakistanXD / Jun 29 Meezan Pakistan ETF(MZNPETF)	19.88 ▼ -2.17 (-9.84%)
Data Agro / Jun 29 Data Agro Limited(DAAG)	87.15 ▼ -9.28 (-9.62%)
Leather Up Ltd. / Jun 29 Leather Up Limited(LEUL)	41.50 ▼ -4.41 (-9.61%)
Pak. P.V.C. / Jun 29 Pakistan PVC Limited(PPVC)	31.50 ▼ -3.19 (-9.2%)

Stock	Volume
Sitara Petroleum Service / Jun 29 Sitara Petroleum Service Limited(SPSL)	104,136,884 ▼ -1.03
WorldCall Telecom / Jun 29 Worldcall Telecom Limited(WTL)	73,717,757 ▼ -0.01
K-Electric Ltd. / Jun 29 K-Electric Limited(KEL)	50,957,377 ▼ -0.19
Pak Elektron / Jun 29 Pak Elektron Limited(PAEL)	29,046,218 ▲ 0.46
Ghani Chem. Ind. / Jun 29 Ghani Chemical Industries Limited(GCIL)	24,795,851 ▲ 1.61
B.O.Punjab / Jun 29 The Bank of Punjab(BOP)	23,149,737 ▼ -0.38
Service Long March / Jun 29 Service Long March Tyres Limited(SLM)	21,427,598 ▲ 0.15
Maple Leaf Cement / Jun 29 Maple Leaf Cement Factory Limited(MLCF)	20,772,975 ▼ -0.56
Oilboy Energy / Jun 29 Oilboy Energy Limited(OBOY)	19,775,407 ▲ 0.41
Pak Int.Bulk / Jun 29 Pakistan International Bulk Terminal(PIBTL)	18,655,206 ▼ -0.36