News Archives for Latest - 2020-11-12

Pakistan

CM chairs apex committee meeting, seeks public help to tackle COVID-19

The CM said the government would continue working for protecting the lives of people, adding that people would have to show responsibility in this situation.

Published 12 Nov, 2020 11:38pm

Pakistan

Peshawar High Court Chief Justice Waqar Seth dies of coronavirus

Justice Seth was known as one of the most upright judges in Pakistan’s superior judiciary.
He passed a number of important judgments during his career, including ordering Musharraf’s hanging in one of his verdicts.

Updated 12 Nov, 2020 11:40pm

Pakistan

Govt not intended to negotiate with Maryam: Fawad

Talking to private news channel, he termed Maryam Nawaz a certified liar as she always told a lie regarding her assets and properties.

Published 12 Nov, 2020 11:37pm

Pakistan

PM directs for ease, acceleration of approval process for investors

The meeting was told that a mechanism for early supply of power and gas to the construction projects had been devised.

Published 12 Nov, 2020 11:36pm

Pakistan

Maryam’s political immaturity exposes before nation: Ministers

He urged the PML-N leader Maryam Nawaz to tell the nation about her family assets and ill-gotten money looted from the public projects.

Published 12 Nov, 2020 11:31pm

Pakistan

Covid-19 claims 14 more lives, infects 979 others

The CM said that 12,599 samples were tested which diagnosed 979 cases that constituted 7.7 percent current detection rate which was the highest in the latest spell.

Published 12 Nov, 2020 11:29pm

Pakistan

Murad approves launching of E-Municipal Tax Portal in DMC Central

The DC Central told the chief minister that the portal has been designed by his team free of cost and no procurement has been made.

Published 12 Nov, 2020 11:27pm

Pakistan

Maryam's statements conspiracy to make institutions controversial: Firdous

The opposition parties had the right to criticize the government policies but they should not indulge in weakening state institutions by giving irresponsible statements, she added.

Published 12 Nov, 2020 11:25pm

Exchange

NPCs to open up attractive investment opportunities: Hafeez Shaikh

He emphasized the incumbent government under the leadership of Prime Minister Imran Khan was making effective efforts to resolve all the inherited economic woes of Pakistan.

Published 12 Nov, 2020 11:23pm

Pakistan

PTI delegation briefs Sindh Governor about Hydeabad issues

According to a press release issued here, the delegation led by PTI Hyderabad President Imran Qureshi briefed the Governor about the problem of gas load shedding and low gas pressure in Hyderabad.

Published 12 Nov, 2020 11:22pm

Pakistan

PM for special initiatives to attract overseas Pakistanis' investment for win-win situation

He explained that increase in the current account deficit and higher imports caused pressure on rupee and in turn brought price-hike in imported commodities like gas, edible oil, ghee and pulses.

Published 12 Nov, 2020 11:20pm

Pakistan

Govt ready for talks with opposition if they return looted national wealth: Ali Muhammad

He said the National Accountability Bureau (NAB) and other investigating institutions were carrying out effective accountability process against corruption.

Published 12 Nov, 2020 11:18pm

Pakistan

Opposition using different tactics to get NRO: Usman Dar

He said the government would not hold negotiations with opposition regarding any relief or NRO for corrupts.

Published 12 Nov, 2020 11:16pm

Pakistan

PR invites applications for induction as advisers in MP-I scale

The candidates applied earlier for the posts of Advisor (Business and Planning) can apply afresh as their earlier applications are not be entertained.

Published 12 Nov, 2020 11:15pm

Pakistan

Maryam's statement to pack up democratic system is regrettable: Governor Sindh

The governor said the nation wanted to know about Nawaz Sharif and his other family members assets' details and ill-gotten money in the country and abroad.

Published 12 Nov, 2020 11:13pm

Pakistan

Chairman NDMA tests positive for coronavirus

The chairman has conducted coronavirus test from NIH (National Institute of Health) on November 8 and again tested positive on November 9 which was again positive, said NDMA press release.

Published 12 Nov, 2020 11:09pm

Pakistan

Ready for dialogue with establishment if PTI removed from power: Maryam Nawaz

"The army is my institution," said Maryam. "We will definitely talk but within the ambit of the Constitution."

Updated 12 Nov, 2020 11:12pm

Pakistan

Pakistan’s first robot-operated COVID-19 lab inaugurated in Islamabad

The mobile laboratory can conduct over 2,000 coronavirus tests per day and it requires as little as six staff members to operate all the shifts.

Updated 12 Nov, 2020 08:58pm

Forex

C$ falls for third straight day as stock market rally stalls

Canadian dollar falls 0.3% against the greenback.
Loonie hits a one-week low at 1.3111.
Price of US oil rises 0.6%.
Canadian bond yields ease across a flatter curve.

Published 12 Nov, 2020 08:13pm

Middle East

Foreign Minister Qureshi discusses Islamophobia, IOJ&K dispute with OIC Secretary General

Foreign Minister Shah Mahmood Qureshi held a telephonic conversation earlier today with Gen. Dr. Yousef A. Al-Othaimeen, Secretary General of the OIC.

Published 12 Nov, 2020 08:01pm

Stocks

TSX opens flat as materials sector gains offset energy declines

Canada's main stock index treaded water on Thursday, as gains in material stocks were offset by a tumble in energy shares.
the Toronto Stock Exchange's S&P/TSX composite index was up 0.05 points, or 0%, at 16,774.19.

Published 12 Nov, 2020 08:11pm

Companies

BMW CEO says sees Toyota alliance going beyond 2025

In the next decades, we would do well to strengthen bonds,
The alliance which currently includes a cooperation deal on fuel cell cars and joint development of a sports-car, should continue beyond 2025, Zipse said.

Published 12 Nov, 2020 08:09pm

USA

US unemployment claims drop sharply in latest week

That decline pushed the weekly level to its lowest point since mid-March, at the start of the pandemic.

Published 12 Nov, 2020 08:09pm

Currency

US weekly jobless claims at 7-month low; consumer prices unchanged

Weekly jobless claims fall 48,000 to 709,000.
Continuing claims drop 436,000 to 6.786 million.
Consumer price index unchanged in October.

Updated 12 Nov, 2020 08:09pm

Pakistan

NAB ends inquiry against Pervaiz Elahi over lack of evidence

The decision was made during a meeting of the anti-graft watchdog's executive board presided over by NAB Chairperson Justice (r) Javed Iqbal.

Published 12 Nov, 2020 08:05pm

Life & Style

Britney Spears fears father and wants him out of her career

Conservatorships are normally limited to people with severely diminished ability to make decisions and are meant to be temporary, but Spears has remained under court control longer than anyone expected.

Published 12 Nov, 2020 07:47pm

Pakistan

Altaf Hussain named in FIA's 'most wanted terrorists' list

The list is also known as Red Book, also features names of Iftikhar Hussain, Muhammad Anwar, and Kashif Kamran, who are accused of murdering MQM leader Dr. Imran Farooq.

Updated 12 Nov, 2020 07:37pm

Life & Style

Diana enters 'The Crown,' presaging more heartache for William and Harry

It's not the first time Diana’s life has been dramatised, but the constant revisiting of her story piles on the pressure for William and Harry, whether they watch such shows or not.

Updated 12 Nov, 2020 07:37pm

Life & Style

India to regulate streaming services and online content, including Netflix and Facebook

News and current affairs content on online media, such as Facebook and Twitter, will also come under the new regulatory regime.

Updated 12 Nov, 2020 07:36pm

Industry

Ferrari lifts the lid on convertible version of SF90 Stradale hybrid

The new car will feature the same specifications as the 4WD SF90 Stradale released last year.
It keeps a pledge to unveil two new cars this year, after a record five in 2019, including the 430,000 euro ($508,000) SF90 Stradale.

Published 12 Nov, 2020 07:32pm

Commodities

Gold gains on stimulus bets, concerns over a vaccine rollout

Spot gold was up 0.3% at $1,869.52 per ounce.
US gold futures were 0.4% higher at $1,868.20.

Published 12 Nov, 2020 07:30pm

Stocks

Major Gulf markets log in weekly gains on COVID-19 vaccine hopes

Dubai ends six sessions of gains.
Abu Dhabi benchmark posts 3% weekly gain.

Published 12 Nov, 2020 07:28pm

Exchange

Rupee continues upward trend

The buying and selling rates of dollar were recorded at Rs158.3 and Rs158.9 respectively.

Published 12 Nov, 2020 07:29pm

Pakistan

Gold price down by R200 to Rs111,800 per tola

The price of 10 grams gold also decreased by Rs172.

Published 12 Nov, 2020 07:28pm

Energy

US natgas futures ease as output rises with higher oil prices

That decline came despite forecasts for cooler weather and higher heating demand over the next two weeks and record liquefied natural gas exports.
Front-month gas futures fell 1.7 cents, or 0.6%, to $3.014 per million British thermal units

Published 12 Nov, 2020 07:26pm

Exchange

SBP reserves increase by $558mn to US $12,740.5mn

The total liquid foreign reserves held by the country stood at US $19,906.9 million.

Published 12 Nov, 2020 07:27pm

Industry

Ford targets leading share in EV commercial market that it has with gas engines

The company unveils its new E-Transit commercial van on Thursday during a virtual webcast.
Ford already dominates the US and European markets for gasoline-powered commercial vehicles with shares of 40% and almost 15%, respectively.

Published 12 Nov, 2020 07:24pm

Pakistan

CDNS achieves collection of Rs 24bn

The CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year’s 2018-19.

Published 12 Nov, 2020 07:24pm

Stocks

Dow, S&P futures drop as COVID-19 cases surge; tech stocks inch higher

Airlines, cruise line operators slip as virus cases spiral.
Moderna rises as it closes in on vaccine data release.
Jobless claims dip in latest week.
Futures: Dow down 0.8%, S&P slip 0.4%, Nasdaq up 0.2%.

Published 12 Nov, 2020 07:23pm

Commodities

Soy, wheat down 4-6 cents; corn down 3-5 cents

Wheat lower overnight, with the market focused on rising competition in the export market.
Corn lower overnight on technical selling after futures reached their highest since July 2019 on Wednesday.

Published 12 Nov, 2020 07:18pm

Pakistan

Tractor production increase 13.02pc in 4 months

The output of buses plunged to 160 units during the period under review from 207 units last year, showing decrease of 22.70 percent.

Published 12 Nov, 2020 07:21pm

Pakistan

Imports of agricultural chemicals increase 5.94pc

The agriculture chemicals including fertilizers, pesticides and insecticides valuing $1.922 billion imported during the period from July-September.

Published 12 Nov, 2020 07:20pm

Cotton

Pakistan's exports to the UK increased by 12 percent in July-Sept 2020-21

Pakistan imports to the UK during the period July-September 2020-21 registered US $ 152 million.

Published 12 Nov, 2020 07:19pm

Stocks

Nigerian stocks surge in volatile trades as funds bet on equities

Domestic funds piled into shares, taking gains on the index to 6.23%, or 35,342.46 points.
Shares last gained 8.3% in April 2015, when Muhammadu Buhari became the first Nigerian to oust a president through the ballot box,

Published 12 Nov, 2020 07:16pm

Forex

Latam FX dips; Mexico's peso falls ahead of rate decision

Weak oil prices pressure Mexican, Colombian pesos.
Latam stocks muted, Chile leads losses.
Peruvian sol stable, but trades near 18-year low.
Brazil's real rises on strong service-sector data.

Updated 12 Nov, 2020 07:16pm

Pakistan

Sindh reports over 950 new COVID-19 cases, highest figure since July

Out of the 979 cases, 789 infections are from Karachi, said Murad Ali Shah.

Published 12 Nov, 2020 07:09pm

Business & Finance

Siemens profit falls, upbeat on outlook

Siemens is slimming down, spinning off assets to refocus as a technology company.

Published 12 Nov, 2020 06:58pm

Business & Finance

Nissan trims losses in Q2, upgrades forecasts

Annual sales are seen at 7.94 trillion yen, up from 7.8 trillion yen forecast earlier.

Published 12 Nov, 2020 06:48pm

World

UK to consider sanctions against China for breaching Hong Kong treaty

The British flag was lowered over Hong Kong when the colony was handed back to China in 1997 after more than 150 years of British rule - imposed after Britain defeated China in the First Opium War.

Updated 12 Nov, 2020 06:48pm

Middle East

Saudi king urges 'firm stance' against Iran

King Salman reiterated his support for a two-state solution to the Israeli-Palestinian conflict.

Published 12 Nov, 2020 06:46pm

Europe

UK economy sees record rebound after recession

Activity bounced back after shrinking by almost a fifth in the second quarter on the initial Covid-19 lockdown.

Published 12 Nov, 2020 06:43pm

Africa

S.Africa jobless rate above 30pc, highest since 2008

"This is the highest unemployment rate recorded since the start of the (Quarterly Labour Force Survey) in 2008."

Published 12 Nov, 2020 06:42pm

Commodities

Copper prices cling to vaccine hopes

Moderna Inc said on Wednesday it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine,
Three-month copper on the London Metal Exchange (LME) added 0.6% to $6,925 per tonne.

Published 12 Nov, 2020 06:36pm

Money & Banking

Dubai Islamic Bank sells $1 billion in perpetual sukuk

Overall debt issuance from the Gulf so far this year has already surpassed last year's total, again topping $100 billion.
DIB began marketing the notes at around 5.25% earlier on Thursday and received over $5.5 billion in orders for the debt sale.

Published 12 Nov, 2020 06:31pm

Commodities

Raw sugar recovers but remains in range, awaiting India news

March raw sugar rose 0.24 cents, or 1.7%, to 14.73 cents per lb.
December arabica coffee rose 1.1 cents, or 1%, to $1.1020 per lb.
March New York cocoa fell $19, or 0.8%, to $2,355 a tonne,

Published 12 Nov, 2020 06:28pm

Industry

Britain's Rolls-Royce raises 2bn pounds with rights issue

94% of shareholders sign up for new shares.
Remaining 6% sold in rump placing at 90 pence each.
Shares trade down 8% at 90 pence.

Published 12 Nov, 2020 06:26pm

Business & Finance

Euro zone industry output slips in Sept on weakness in Italy

The European Union's statistics office Eurostat said on Thursday that industrial production in the 19 countries sharing the euro fell 0.4% month-on-month in September for a 6.8% year-on-year decline.
It also marked the fourth consecutive month of declining production growth from 12.5% in May to 5.3% in July, 0.6% in August and now a slip in September.

Published 12 Nov, 2020 06:24pm

Energy

India's top oil refiner runs at full capacity on demand rebound

IOC has been gradually raising crude runs at its plants, which plunged to about 39% at the beginning of April when a nationwide coronavirus lockdown hit fuel demand.
Refining margins are very poor, in fact they are just not sustainable ... but we are also investing heavily in petrochemicals as a strategy to de-risk the business of low margins.

Published 12 Nov, 2020 06:22pm

Sports

Djokovic leads cast as London bids farewell to ATP Finals

The ATP's blue-riband event has proved a huge success since it switched to London's cavernous O2 Arena in 2009,
Players must live in a strict 'bubble' and even line judges will be missing, replaced by the Hawk-eye live system used recently at the US Open.

Published 12 Nov, 2020 06:17pm

Forex

Sterling slips as Britain's economy struggles to maintain recovery

The impact of the number was all the heavier because the period measured was before the latest restrictions on businesses took effect.
GDP figures showed that in the July-September quarter, the economy grew by a record 15.5% from the previous three months.

Updated 12 Nov, 2020 06:17pm

PM inaugurates 'Naya Pakistan Certificate' scheme

Imran says scheme will enable overseas Pakistanis to invest money in the country and get good returns

Published 12 Nov, 2020 06:10pm

USA

President Trump eyes digital media empire to challenge Fox News

President Trump has reportedly revealed privately that he wants to start a digital media company to "clobber" Fox News, and undermine the country's largest conservative oriented media network.

Updated 12 Nov, 2020 06:08pm

World

Covid-19 vaccine 'best science news' of 2020

There are currently more than 40 candidate vaccines against Covid-19 being tested on humans, with a handful in the most advanced Phase 3 trials.

Published 12 Nov, 2020 06:05pm

South Asia

Hong Kong lawmaker resignations a 'challenge' to authority: China

Carrie Lam on Wednesday was granted the power to turf out any legislator who she deems insufficiently patriotic, without recourse to the city's courts.

Published 12 Nov, 2020 06:03pm

Europe

EU demands China reverse rules on Hong Kong lawmakers

"These latest steps constitute a further severe blow to political pluralism and freedom of opinion in Hong Kong," the EU statement said.

Published 12 Nov, 2020 06:01pm

South Asia

UK accuses China of treaty breach in Hong Kong

"China has once again broken its promises and undermined Hong Kong's high degree of autonomy," Foreign Secretary said.

Published 12 Nov, 2020 05:58pm

Europe

Germany sees signs of virus curve flattening

Germany reported 21,866 new cases of Covid-19 over the last 24 hours, according to RKI data.

Published 12 Nov, 2020 05:56pm

Africa

Opposition grows to military role in post-coup Mali

The opposition alliance also pointed out that Goita remains the leader of the military junta, which was never formally dissolved.

Published 12 Nov, 2020 05:54pm

Business & Finance

Emirates airline posts first loss in more than 30 years

The last time the airline reported a loss was in the 1987-88 financial year, when it was starting up its operations.

Published 12 Nov, 2020 05:53pm

Energy

Oil steady as IEA cast doubt on quick demand recovery

IEA: Demand unlikely to get vaccine boost until later in 2021.
Lockdowns in Europe still a major concern.
OPEC+ considering extension of production cuts.

Published 12 Nov, 2020 05:48pm

Forex

Rouble firms below 77 vs dollar as market awaits vaccine

The rouble has had a volatile few weeks, plunging to its lowest level versus the euro since late 2014 on the eve of the US election.
Rouble was 0.3% stronger against the dollar at 76.91 and had lost 0.1% versus the euro, trading at 90.87.

Published 12 Nov, 2020 05:46pm

Exchange

As Trump refuses to concede, some bettors hold out too

Trump still has a 10% chance of remaining in the White House for a second term, according to Betfair.
All major U.S news organizations have called the Nov. 3 election for Biden based on preliminary voting tallies.

Published 12 Nov, 2020 05:44pm

Companies

Samsung's key insurance affiliates pledge to halt coal investments

We decided to strengthen our coal-free policies in order to protect the environment and strengthen our social responsibilities.
The financial units plan to expand investments in renewable energy, electric vehicles and other eco-friendly assets.

Published 12 Nov, 2020 05:44pm

Pakistan

Afghan envoy, COAS discuss Afghan peace process, security issues

ISPR states that Afghan ambassador's services will help optimize Pak-Afghan bilateral relations

Published 12 Nov, 2020 05:22pm

South Asia

Indian govt's latest stimulus to boost jobs, credit, farm sector

$16.1 billion in third round of stimulus.
Effort to buoy nascent recovery from pandemic.
Total stimulus equates to 15% of GDP.

Published 12 Nov, 2020 05:36pm

Taxes

Sindh Government Launches E-Municipal Tax Portal

The Sindh Government launched its E-municipal tax portal to counter tax theft and secure tax payers' data.

Updated 12 Nov, 2020 05:37pm

Commodities

Soybeans pause near 4-year high with tight supply in focus

Soybeans little changed after highest since June 2016.
Corn flat after 3-1/2 month top fuelled by USDA report.
Wheat eases to one-week low.

Published 12 Nov, 2020 05:34pm

Industry

Deutsche Telekom chief says market undervalues its growth story

Undervaluation of shares will unwind, says CEO.
German group reducing dependence on Asian network vendors.
Core profit target raised to 35 bln euros.
Action needed to fix IT services unit, debt under control –CFO.

Published 12 Nov, 2020 05:31pm

Companies

Fiat Chrysler and Engie EPS agree to set up e-mobility joint venture

Fiat Chrysler's Italian division and Engie EPS, which is also based in Italy, have entered into a memorandum of understanding aimed at setting up the joint venture in the first quarter of 2021.
Shares in Engie EPS, which is being advised by Lazard on the deal, were trading 13% higher in Paris.

Published 12 Nov, 2020 05:29pm

Financial

Euro zone bond yields fall as vaccine optimism fades

Bond yields fall as vaccine optimism fades.
Germany's 10-year yield seen trading in range.
Italy's risk premium falls to lowest since Q2 2018.
Focus on European Central Bank.

Published 12 Nov, 2020 05:29pm

Industry

Southwest Airlines says revenue improvement slowed in recent weeks

While the company expected the election to impact trends, it is unclear whether the softness in booking trends is also a direct result of the recent rise in COVID-19 cases.
"As such, the company remains cautious in this uncertain revenue environment."

Published 12 Nov, 2020 05:24pm

Forex

Dollar dips, euro bumps higher as sentiment see-saws

Dollar index up nearly 1% this week.
Aussie, kiwi sink as vaccine enthusiasm fades.

Published 12 Nov, 2020 05:24pm

World

Gates Foundation adds $70 million more funding for COVID vaccines for poor

An extra $50 million will go to the COVAX Advance Market Commitment (AMC) led by the GAVI vaccine alliance, the foundation said, and another $20 million to the Coalition for Epidemic Preparedness Innovations (CEPI) which is co-funding development of several COVID-19 vaccine candidates.

Updated 12 Nov, 2020 05:19pm

World

Pompeo confirms US sale of F-35 jets to UAE

The State Department sent a formal notice to Congress on the sale of the stealth precision planes, long sought by the Gulf Arab ally which won a green light after agreeing in September to recognize Israel.

Published 12 Nov, 2020 04:54pm

Middle East

Iran urges IAEA to take "unbiased" approach towards secretive Saudi, Israeli nuclear activities

Iran's Ambassador to the United Nations has expressed concerns about covert nuclear activities by Saudi Arabia and Israel, urging the International Atomic Energy Agency (IAEA) to adopt an "unbiased" approach towards both regimes.

Updated 12 Nov, 2020 04:56pm

Pakistan

Digiskills Training project: IT Ministry attains target of one million enrolments

Programme equips youth with digital skills that are necessary to grab online job opportunities available internationally and locally

Published 12 Nov, 2020 03:59pm

Pakistan

Assets details of Sindh Assembly members released

Chief Minister of Sindh Syed Murad Ali Shah have assets of worth Rs 233.5 millions. He owns two vehicles worth 15 million rupees and received a gift of 100 Tola gold from his mother.

Published 12 Nov, 2020 04:06pm

Pakistan

Pakistan summons Indian envoy to protest ceasefire violation at LoC

Foreign office says this year, India has committed 2,660 ceasefire violations to date, resulting in 20 shahadats and serious injuries to 203 innocent civilians

Published 12 Nov, 2020 03:27pm

World

Turkey again calls for joint U.S. study on Russian S-400 systems

U.S. President-elect Joe Biden is expected to be tougher on Turkey than was Donald Trump, particularly over its foreign and defence policies, and domestic human rights record.

Published 12 Nov, 2020 03:37pm

World

Biden reassures U.S. allies in calls with leaders of Japan, South Korea, Australia

The three key Asian allies - Japanese Prime Minister Yoshihide Suga, South Korean President Moon Jae-in and Australian Prime Minister Scott Morrison - join other global leaders in recognizing the Democratic challenger’s Nov. 3 victory over incumbent Donald Trump, who has so far refused to concede.

Published 12 Nov, 2020 03:21pm

Business & Finance

Unsold Spectrum: Govt urges to complete consultant hiring process within 60 days

It is expected that the initial report will be ready by December 2020.

Published 12 Nov, 2020 03:27pm

Exchange

LHC declares JIT investigating Sharif, Tareen sugar mills 'null and void'

The high court quashed the notices sent to the sugar mills by the SECP.

Published 12 Nov, 2020 03:27pm

World

Long-term ally of UK PM Johnson resigns in sign of tension

Lee Cain has been a loyal ally of the prime minister, working for him since he was foreign minister until 2018 and staying by his side, sometimes without pay, when Johnson resigned over predecessor Theresa May’s Brexit plans.

Published 12 Nov, 2020 03:18pm

Pakistan

Bajwa, AJ&K PM meeting: COAS assures Pak Army's support to Kashmir cause

ISPR states both dignitaries discussed matters of mutual interest particularly situation on the Line of Control and Indian Illegally Occupied Jammu and Kashmir

Published 12 Nov, 2020 02:47pm

Currency

Hundreds of disillusioned doctors leave Lebanon, in blow to healthcare

In the past year, Lebanon has been through a popular uprising against its political leaders, the bankruptcy of the state and banking system, a COVID-19 pandemic and, in August, a huge explosion at the port that destroyed swathes of Beirut.

Published 12 Nov, 2020 02:48pm

World

Australia forming investigative agency to prosecute troops for war crimes in Afghanistan

The Australian government announced the formation of a new investigative agency to build criminal cases against special forces suspected of committing war crimes in Afghanistan.

Updated 12 Nov, 2020 02:52pm

Pakistan

Indoor wedding ban: IHC issues notices to NCOC

Petitioner Mukhtar Abbas’s legal representative stated before the court that there is no rationale behind the ban on indoor wedding from November 20.

Updated 12 Nov, 2020 02:10pm

BR Research

Plight of textile machinery

The recent surge in exports is expected to drive their value beyond pre-COVID-19 levels of $2 billion in October. ...

Published 12 Nov, 2020 02:05pm

Business & Finance

Pakistan moving in ‘right direction’ says PM as Textile sector revives

MashaAllah the country is moving in the right direction despite the Covid 19 challenge,” tweeted PM Khan while referring to a media report on the revival of the textile sector in the country.

Published 12 Nov, 2020 01:43pm

Pakistan

Court to indict Shahid Khaqan, Miftah Ismail on Nov 16 in LNG case

NAB has accused Khaqan Abbasi of illegally awarding the 15-year contract for the LNG Terminal-I when he was petroleum minister in the cabinet of then PM Nawaz Sharif.

Published 12 Nov, 2020 02:01pm

Currency

Economic cost of cash drag

Unintended consequences of policy actions have pushed up the share of currency notes in GDP, which hovers around ...

Published 12 Nov, 2020 02:00pm

Country moving in right direction despite COVID-19 challenge, tweets PM

Pakistan had managed to control the first wave of COVID-19 outbreak by taking effective measures including the smart lockdown in corona hotspots

Published 12 Nov, 2020 01:39pm

USA

President-elect Biden appoints longtime adviser as Chief of Staff

President-elect Joe Biden named his longtime adviser Ron Klain as the White House Chief of Staff, as his first major appointment in building his administration; regardless of whether President Trump formally concedes.

Updated 12 Nov, 2020 01:27pm

Pakistan

Lahore's rising air pollution could raise death risk for COVID-19 patients: Report

Lahore has been placed on top position in world ranking among most polluted cities with an air quality index of 306

Published 12 Nov, 2020 01:21pm

Technology

Google to End Unlimited Storage on June 1, 2021

Google will start charging for high quality photos and video uploads after 1st June 2021.

Published 12 Nov, 2020 12:59pm

Currency

PM to launch ‘Naya Pakistan Certificates’ for Overseas Pakistanis

He also said that according to Shariah principles and rules, Islamic certificates are also available, the certificates will be available for a period of 3 months to 5 years.

Published 12 Nov, 2020 12:58pm

Companies

Pakistan's Organic Beauty Brand Conatural Raises $825k in Pre-Series A funding

Conatural Beauty, a Pakistani natural and organic skin and hair care brand, secured $825,000 in Pre-Series A funding round from Pakistan-based VC Karavan and a group of experienced angel investors.

Updated 12 Nov, 2020 12:55pm

Security assurances for non-nuclear states: UNGA adopts Pakistan's resolution with big majority

As part of the draft, the 193-member Assembly would reaffirm the urgent need to reach an early agreement on effective international arrangements to assure non-nuclear-weapon States against the use or threat of use of nuclear weapons

Published 12 Nov, 2020 11:58am

Technology

First Female Co-Founder from Pakistan wins Elevate Prize

The foundation launched the Elevate Prize in partnership with MIT Solve. Simultaneously, in response to the COVID-19 crisis, MIT Solve launched a Health & Pandemics Challenge.

Published 12 Nov, 2020 12:10pm

Business & Finance

FBR, NADRA sign MoU to identify tax evaders

This would allow real-time verification of CNICs and associated details.

Published 12 Nov, 2020 11:22am

Pentagon hires new advisor to rush US troop withdrawals from Afghanistan

MacGregor possesses years long military experience and will assist in implementing America’s national security priorities

Published 12 Nov, 2020 11:06am

Money & Banking

Pakistan’s Remittances remain over $2bn for Fifth consecutive month

The SBP informed that a large part of Year on Year increase in October 2020 was sourced from Saudi Arabia (30 percent), United States (16 percent) and United Kingdom (14.6 percent).

Published 12 Nov, 2020 10:39am

Pakistan

Pakistan reports 34 deaths, 1,808 cases

The country reported the highest number of deaths since July.

Published 12 Nov, 2020 10:42am

Currency

Asian shares rise on vaccine bets but analysts urge caution

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.44%, approaching the highest since January 2018. Chinese shares rose 0.37%. Stocks in Japan rose 0.62% to a 29-year high.

Published 12 Nov, 2020 10:29am

Technology

YouTube back up after worldwide outage

DownDetector.com, a website which monitors outages, showed nearly 286,000 incidents of people reporting issues with the service.

Published 12 Nov, 2020 10:24am

Currency

Dollar holds gains as investors adjust vaccine expectations

The dollar index sat just below a one-week high hit overnight and the dollar stood close to a one-week top against the Swiss franc and a three-week peak against the yen.

Published 12 Nov, 2020 10:22am

Business & Finance

Australia's Telstra to split into three, seeks buyer for mobile towers

“The challenges and disruptions of the last 6-12 months have reinforced the increasing value of infrastructure assets globally,” Telstra Chief Executive Officer Andrew Penn said.

Published 12 Nov, 2020 10:13am

Business & Finance

OPEC expects coronavirus to curb oil demand recovery into 2021

Demand will rise by 6.25 million barrels per day(bpd) next year to 96.26 million bpd, the Organization of thePetroleum Exporting Countries said in a monthly report. Thegrowth forecast is 300,000 bpd less than expected a month ago.

Published 12 Nov, 2020 10:05am

BR Research

Housing: Reading between the lines

To be fair, a lot has broken ground on Naya Pakistan Housing Program (NPHP) than originally imagined by sceptics....

Published 12 Nov, 2020 07:43am

BR Research

Petroleum Levy collection: Shattering records

The oil price rallied by over 10 percent in two sessions, on the news of the vaccine. This would not have pleased ...

Published 12 Nov, 2020 07:42am

Exchange

What is Pakistan’s cotton demand?

Pakistan is slated to record its slowest season of cotton production in 35 years, with ginneries struggling to...

Published 12 Nov, 2020 07:42am

Currency

Annual smog back with a vengeance?

Among many other problems, winter season brings the ire of smog particularly to the plains of Punjab. This has been...

Published 12 Nov, 2020 07:41am

Mutual Funds

Al Shaheer Corporation Limited

Al Shaheer Corporation Limited (PSX: ASC) was set up in 2012 and was soon after listed on the Pakistan Stock...

Published 12 Nov, 2020 07:25am

US embassy apologises for retweeting Ahsan’s post against PM

ISLAMABAD: The United States Embassy in Islamabad had to apologise for retweeting an ‘unauthorized’ post by...

Updated 12 Nov, 2020 03:36am

Money laundering case: AC indicts Shehbaz, Hamza, eight others

LAHORE: An Accountability Court on Wednesday indicted leader of opposition in National Assembly and president PML-N...

Updated 12 Nov, 2020 03:36am

Modi’s coalition retains power in Bihar

LUCKNOW: Indian Prime Minister Narendra Modi’s coalition retained power in Bihar state, results showed on...

Updated 12 Nov, 2020 03:36am

Several wounded in WWI memorial attack at Saudi cemetery: France

JEDDAH: A bomb on Wednesday struck a World War I commemoration attended by European diplomats in the Saudi city of...

Updated 12 Nov, 2020 03:36am

Pakistan

British HC inaugurates robot-operated Covid-19 testing lab

ISLAMABAD: In its effort to fight and respond to Covid-19 and increase domestic testing capacity for Covid-19...

Updated 12 Nov, 2020 03:36am

Pakistan

Ufone launches best day offer in just Rs11.99

ISLAMABAD: Pakistani Telecom Company, Ufone has always strived towards facilitating its customers by offering...

Updated 12 Nov, 2020 03:36am

Pakistan

Covid-19 situation: Minister calls special IPEMC meeting next week

ISLAMABAD: Federal Minister for Education and Professional Training, Shafqat Mahmood has called a special meeting of...

Updated 12 Nov, 2020 03:36am

Pakistan

Karachi incident: Majority of political parties welcome inquiry report

ISLAMABAD: Except for the Pakistan Muslim League-Nawaz (PML-N), majority of the political parties which are part of...

Updated 12 Nov, 2020 03:36am

Pakistan

Fake bank accounts cases: SC seeks progress report from AC about pending trial

ISLAMABAD: The Supreme Court on Wednesday sought progress report from the Accountability Court, Islamabad about...

Updated 12 Nov, 2020 03:36am

Pakistan

NAB arrests ex-G-B governor’s son in fraud case

ISLAMABAD: The National Accountability Bureau (NAB) has arrested former Gilgit-Baltistan Governor Mir Ghazanfar’s...

Updated 12 Nov, 2020 03:36am

Exchange

COAS, Iranian FM discuss matters of regional security

RAWALPINDI: Mohammad Javad Zarif, Foreign Minister of Iran called on Chief of Army Staff (COAS) General Qamar Javed...

Updated 12 Nov, 2020 03:36am

Pakistan

Khaqan for making ‘Karachi incident’ inquiry report public

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) senior leader and former prime minister, Shahid Khaqan Abbasi, ...

Updated 12 Nov, 2020 03:36am

Exchange

SAPM terms indictment of Shehbaz, Hamza ‘historic development’

LAHORE: Special Assistant to the Prime Minister on Accountability and Interior Mirza Shahzad Akbar termed the...

Updated 12 Nov, 2020 03:31am

Exchange

PLICL BoDs reconstituted under Companies Act

ISLAMABAD: The Federal Cabinet has reconstituted Board of Directors (BoD) of Postal Life Insurance Company Limited...

Updated 12 Nov, 2020 03:31am

Pakistan

SHC restrains PMC from conducting MDCAT

KARACHI: The Sindh High Court (SHC) on Wednesday restrained the Pakistan Medical Commission (PMC) from conducting ...

Updated 12 Nov, 2020 03:31am

Pakistan

Coronavirus situation is worsening: Murad

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that the coronavirus situation in the province is...

Updated 12 Nov, 2020 03:31am

World

Russia says Sputnik V virus vaccine 92pc effective

MOSCOW: Russia’s Sputnik V coronavirus vaccine is 92 percent effective according to initial test results, its...

Updated 12 Nov, 2020 03:31am

Pakistan

Women prisoners: SC issues directives to federal, provincial govts

ISLAMABAD: The Supreme Court Wednesday directed the federal and the provincial governments to implement the...

Updated 12 Nov, 2020 03:31am

Pakistan

Buzdar owns assets worth over Rs84m

ISLAMABAD: Chief Minister Usman Buzdar owns assets worth over Rs 84 million including two cars, four tractors and 20...

Updated 12 Nov, 2020 03:28am

Pakistan

Bilawal, Maryam discuss political situation

GILGIT: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari and Pakistan Muslim League-Nawaz (PML-N) Vice...

Updated 12 Nov, 2020 03:28am

Pakistan

Firdous slams PML-N govt’s ‘plundering’ from public resources

LAHORE: Criticizing the previous PML-N government’s loot and plunder on public resources, Special Assistant to...

Updated 12 Nov, 2020 03:28am

Pakistan

Buzdar accords approval to green electric buses

LAHORE: Chief Minister Sardar Usman Buzdar, while according in-principle approval to ply green electric buses, has...

Updated 12 Nov, 2020 03:28am

Pakistan

Low volume of formal trade with Iran due to sanctions: deputy speaker

LAHORE: Deputy Speaker National Assembly Qasim Khan Suri on Wednesday said that the present government is ready to...

Updated 12 Nov, 2020 03:28am

Pakistan

Punjab reports 502 fresh corona cases, nine deaths

LAHORE: There is no let up in the spread of Covid-19 as Punjab has reported 502 fresh cases and nine deaths during...

Updated 12 Nov, 2020 03:28am

Pakistan

Park Lane case: AC adjourns hearing due to lawyers’ strike

ISLAMABAD: The Accountability Court Islamabad on Wednesday adjourned hearing of Park Lane case against former...

Updated 12 Nov, 2020 03:28am

Pakistan

Pakistan moving in right direction: President

ISLAMABAD: President Dr Arif Alvi said that Pakistan was moving in the right direction, showing positive indicators...

Updated 12 Nov, 2020 03:28am

Pakistan

IHC highlights importance of free press

ISLAMABAD: The Islamabad High Court (IHC) observed blocking, inhibiting or limiting free speech and thus undermining...

Updated 12 Nov, 2020 03:28am

World

Britain’s coronavirus deaths top 50,000

LONDON: More than 50,000 people who tested positive for coronavirus in Britain have now died, official figures ...

Updated 12 Nov, 2020 03:22am

World

Millions at risk as virus disrupts immunisation campaigns: UN

ABUJA: Millions of people, including in Africa’s most populous country Nigeria, risk contracting diseases such as...

Updated 12 Nov, 2020 03:21am

Stocks

Nigerian stocks climb to 2-year high

ABUJA: Nigerian stocks climbed to a more than two-year high on Wednesday as domestic funds bought shares across...

Updated 12 Nov, 2020 03:20am

Stocks

European shares up

MILAN/FRANKFURT: European shares rose for a third straight day on Wednesday as optimism around a potential Covid-19...

Updated 12 Nov, 2020 03:20am

Stocks

Major Gulf markets rise

• Saudi index gains for a sixth straight session • MSCI adds Kuwait stocks to emerging market index DUBAI: ...

Updated 12 Nov, 2020 03:20am

Energy

US natural gas futures up on cooler weather

NEW YORK: US natural gas futures edged up on Tuesday after declining over the previous six days, buoyed by forecasts...

Updated 12 Nov, 2020 03:20am

Energy

European gasoline margins rise

LONDON: Northwest European gasoline refining margins rose on Tuesday to above $3 a barrel, supported by encouraging...

Updated 12 Nov, 2020 03:20am

Energy

Toshiba retreats from coal-fired power stations

TOKYO: Japanese engineering giant Toshiba will not build any more coal-fired power plants and will shift to ...

Updated 12 Nov, 2020 03:20am

Commodities

Dalian iron ore extends gains in third straight session

BEIJING: Benchmark iron ore futures on China’s Dalian Commodity Exchange (DCE) extended gains into a third ...

Updated 12 Nov, 2020 03:20am

Commodities

Canadian canola futures rise

CHICAGO: ICE Canadian canola futures rose 1.8% on Tuesday, buoyed by a rally in the US soyabean market. Most-active...

Updated 12 Nov, 2020 03:20am

Commodities

Gold lower by Rs100 a tola

KARACHI: Gold on Wednesday slid by Rs100 per tola on the local market, traders said. A slight decline of Rs100,...

Updated 12 Nov, 2020 03:20am

Industry

Completion of CPEC to help achieve economic, industrial goals: NA Speaker

ISLAMABAD: Speaker National Assembly Asad Qaiser said that the completion of the China-Pakistan Economic Corridor...

Updated 12 Nov, 2020 03:17am

Money & Banking

Sterling slips

LONDON: Sterling was set to end the day flat against the euro and down against a stronger dollar on Wednesday, as...

Updated 12 Nov, 2020 03:17am

Money & Banking

Kiwi hits 1-1/2 years high

SYDNEY: The New Zealand dollar jumped to more than 1-1/2 year highs on Wednesday and bond yields climbed as markets...

Updated 12 Nov, 2020 03:17am

Money & Banking

China bank loans fall

BEIJING: China’s new bank loans fell more than expected in October to the lowest in a year, but the drop was ...

Updated 12 Nov, 2020 03:17am

Business & Finance

Africa’s largest economy ratifies continent trade deal

ABUJA: The Nigerian government said Wednesday it had ratified the African Continental Free Trade Area (AfCFTA) — a...

Updated 12 Nov, 2020 03:17am

World

Iran’s response over undeclared site ‘not credible’: IAEA

VIENNA: The UN’s nuclear watchdog said Wednesday that Iran’s explanations over the presence of nuclear material...

Updated 12 Nov, 2020 03:14am

World

German woman charged over crimes against humanity in Syria

FRANKFURT AM MAIN: German federal prosecutors on Wednesday said they had charged a German woman with crimes against...

Updated 12 Nov, 2020 03:14am

Bahrain PM, world’s longest-serving, dies at 84

MANAMA: Bahrain's Prince Khalifa bin Salman al-Khalifa, the world's longest-serving prime minister who had held the...

Updated 12 Nov, 2020 03:11am

Ogra slashes UfG for RLNG consumers

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has slashed Unaccounted for Gas (UfG) significantly for RLNG...

Updated 12 Nov, 2020 03:11am

Automobile sales up by 34pc

KARACHI: The automobile sales surged by 34 percent YoY during October 2020, supported by higher sales in all...

Updated 12 Nov, 2020 03:11am

Exchange

BoI submits reform actions, data challenges to WB

ISLAMABAD: The Board of Investment (BoI) has submitted reform actions and 30 data challenges to the World Bank for...

Updated 12 Nov, 2020 03:11am

CPPA-G seeks 80 paisa hike in Discos quarterly tariffs

ISLAMABAD: The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of 80 paisa per unit in...