News Archives for Latest - 2020-11-13

Editorials

Trump’s tricks

EDITORIAL: Outgoing US President Donald Trump refuses to concede defeat despite his rival Joe Biden having clinched...

Updated 16 Nov, 2020 03:56pm

Pakistan

CDA continues work on development projects

The citizens were also facing difficulties in crossing the Faisal avenue so a bridge was also being constructed between Faisal Avenue and G 7.

Published 13 Nov, 2020 11:51pm

Pakistan

Economic indicator heading in right direction: Chohan

He said Pakistan was the only country in the region which took concrete steps against Covid-19 and the critical situation remained under control.

Published 13 Nov, 2020 11:47pm

Pakistan

PM vows to bring Balochistan at par with other areas; unveils development package for southern parts

The minister said for addressing the issue of water, 19 dams would be constructed in the southern Balochistan, which would irrigate 150,000 acres of agricultural lands in the area.

Published 13 Nov, 2020 11:44pm

Pakistan

PM breaks ground of development projects; inaugurates Daar-ul-Ehsaas for orphaned, poor children

He also launched the Ehsaas’ Educational Scholarships for the deserving primary school girls and undergraduates of the area under the Waseela-e-Taleem programme.

Published 13 Nov, 2020 11:40pm

Pakistan

SACM for implementing coronavirus SOPs

Meanwhile, 601 confirmed cases of coronavirus had been surfaced and 17 patients were died due to COVID-19 during the last 24 hours.

Published 13 Nov, 2020 11:37pm

Pakistan

Anti-Polio campaign targets over 0.28mn children in Tharparkar

He also instructed for observance of SOPs in the wake of the second wave of Corona Pandemic during training and field work of polio teams.

Published 13 Nov, 2020 11:33pm

Pakistan

PML-N leaders have undemocratic mindset: Senator Shibli

Shibli Faraz said the contradictory and confused statements of the PML-N leaders clearly showed that there was no democracy in the party which was a clique of businessmen with vested interests.

Published 13 Nov, 2020 11:31pm

Pakistan

Maryam's interview to BBC, a drone attack on her father's current narrative: Minister

He said that the fabric of Nawaz Sharif's thirty years political career was collapsed after his daughter's demand to the establishment for playing its role in sending the government to home.

Published 13 Nov, 2020 11:29pm

Pakistan

Dr Firdous for implementing coronavirus SOPs

The decision of imposing ban on public gatherings would be taken in consultation with other stakeholders, she said, and added that lives of people mattered most.

Published 13 Nov, 2020 11:26pm

Pakistan

Pakistan’s economic recovery pace fastest in Sub-continent: PM

According to the media report, the 4.8pc growth rate gave a ray of hope for the revival of economic activities as out of 15 major industries, nine saw a surge in production.

Published 13 Nov, 2020 11:23pm

Pakistan

Govt ready to initiate dialogue on electoral reforms, NFC, 18th Amendment: Fawad

He made it clear that the present government would not made any compromise over the ongoing accountability process against corruption

Published 13 Nov, 2020 11:22pm

Pakistan

PM appoints Malik Aamir Dogar as SAPM on Political Affairs

Malik Muhmmad Aamir Dogar was elected as MNA from Multan on the ticket of Pakistan Tehreek-e-Insaf (PTI).

Published 13 Nov, 2020 11:18pm

Pakistan

Provision of low-cost houses is prime focus of PM: Minister Khusro Bakhtyar

The Minister assured that the Ministry would hold the consultations with relevant departments and World Bank to extent the facility for financing the low-cost housing scheme.

Published 13 Nov, 2020 11:16pm

Pakistan

Birth certificate to be linked with immunization: Dr Yasmin

She gave deadline of enhancing the immunization coverage to 90 per cent by June 2021, in a meeting held at the Primary and Secondary Healthcare Department here on Friday.

Published 13 Nov, 2020 11:15pm

Exchange

Soldier, four civilians martyred in unprovoked firing at LoC: ISPR

Indian forces targeted civilian population along the LoC after being "humiliated" at the hands of local freedom fighters in occupied Kashmir, opposite Neelum Valley on the night of November 7/8, says ISPR.

Updated 13 Nov, 2020 09:31pm

Pakistan

Schools to remain open in Punjab: Murad Raas

“We are closely monitoring the situation because of which you are seeing very few cases of coronavirus among schoolchildren and teachers,” says Raas.

Updated 13 Nov, 2020 09:13pm

Pakistan

Indian and Pakistani troops exchange fire, at least 15 dead

Pakistan's military said in a statement it had responded to unprovoked and indiscriminate firing by the Indian army.
Indian officials said six civilians, three soldiers and a border guard were killed on their side.
As usual they targeted civilian populations without any remorse.

Published 13 Nov, 2020 08:54pm

Industry

French telco Orange says to recover 2.2bn euros in tax

Orange said in a statement the decision by the council, France's top administrative court.
Orange shares, which had been trading lower, jumped nearly 3% on the news and stood 1.8% higher on the day.

Published 13 Nov, 2020 08:53pm

Financial

US yields mixed as markets consolidate amid nagging COVID concerns

The yield curve steepened on Friday, after flattening the previous session, with the spread between two-year and 10-year notes widening to 71 basis points.
"What we have seen the last few days is some of the exuberance coming off the vaccine," said Zachary Griffiths, macro strategist at Wells Fargo.

Published 13 Nov, 2020 08:51pm

Forex

South Africa's rand firms against weaker dollar as COVID-19 vaccine optimism dips

The rand traded at 15.5800 against the US dollar.
The rand is being buoyed by global sentiment, a combination of market uncertainty over vaccine roll-out and an expectation out of the Biden administration in the US.

Updated 13 Nov, 2020 08:51pm

USA

Electoral Misinformation has pushed American Democracy to its brink - again

In the aftermath of a divisive Presidential Election, an unprecedented torrent of misinformation has flooded the internet, specifically based on unfounded allegations of electoral fraud - pushing the American democratic system to the brink.

Published 13 Nov, 2020 08:46pm

Sports

Liverpool's Salah tests positive for coronavirus, says Egyptian FA

"The medical swab conducted on the mission of our first national football team showed that our international player, Mohamed Salah, the Liverpool star, was infected with the Coronavirus, after his test came back positive," the federation said in a statement on its Facebook page.

Updated 13 Nov, 2020 08:35pm

Currency

Vegetables lift US producer prices; trend remains moderate

Producer price index increases 0.3% in October.
PPI rises 0.5% on year-on-year basis.
Core PPI gains 0.2%; up 0.8% year-on-year.

Published 13 Nov, 2020 08:14pm

Stocks

Wall St climbs as Cisco, Disney jump after results

Cisco set for best day in eight months.
Disney rises after smaller-than-expected loss.
Three major US stocks indexes up about 0.8% each.

Published 13 Nov, 2020 08:10pm

Currency

BoE's Cunliffe: Not our job to protect banks against digital currencies

"Our job is not to protect bank business models," Cunliffe said.
"Banks will have to adjust. Our job is to ensure that if bank business models change, we manage the financial and macro-economic consequences of that."

Published 13 Nov, 2020 07:56pm

Pakistan

Sindh reports 822 new COVID-19 cases, mostly in Karachi

Chief Minister Sindh Syed Murad Ali Shah giving daily briefing said, “We have reported 822 cases during the past 24 hours after performing 10,641 cases.”

Published 13 Nov, 2020 07:55pm

Forex

Mexican peso gains; Colombian peso winner of the week

Colombian peso set to add 2% this week.
Peruvian sol logs steep weekly losses.
Brazil's real rises on positive econ data.

Published 13 Nov, 2020 07:53pm

Forex

Nigeria naira eases on black market as FX demand pressure resurfaces

Traders had expected the currency to trade flat on the black market on the hopes that higher oil prices will boost Nigeria's foreign exchange supplies.
Oil prices fell on Friday, pressured by fears about a slow recovery in the global economy and fuel demand due to rising coronavirus infections.

Published 13 Nov, 2020 07:52pm

Energy

Asian prices fall amid record high US exports

The average LNG price for December delivery into Northeast Asia was estimated at around $6.80-$6.90 per million British thermal units (mmBtu).
Asian LNG prices have more than tripled since July's low of $2.00, and bullish sentiment deepened in September and October due to a wave of supply disruptions.

Published 13 Nov, 2020 07:49pm

South Asia

High food prices hurting India's poor, pain to persist

The high prices are a particular cause of concern for India's hundreds of millions of poor people.
Food items such as onions, potatoes, eggs, meat and tomatoes have a nearly 46% weight in India's retail inflation basket.

Published 13 Nov, 2020 07:44pm

Stocks

Stocks flatline, bond yields slide as caution replaces vaccine euphoria

US stock futures edge up as Arizona called for Biden.
World markets flat to weaker but head for weekly gain.
ECB caution on vaccine underpins euro debt markets.
European shares weaker, China shares tumble on US investment restrictions, bond defaults.

Published 13 Nov, 2020 07:29pm

Commodities

US futures mixed as market weighs virus and Chinese demand

Soybeans steady after this week's four-year highs.
Corn falls from one-year high, wheat hits one-month low.

Published 13 Nov, 2020 07:28pm

Forex

Dollar slips, Aussie gains, currency markets weigh up vaccine vs second wave

Dollar slips as vaccine rally peters out.
Yen recovers some losses.

Published 13 Nov, 2020 07:26pm

Forex

Rouble hits one-week low vs dollar on COVID-19 fears, oil price

The rouble has had a volatile few weeks, plunging to its lowest versus the euro since late 2014 on the eve of the US election.
The rouble was 0.3% weaker at 77.60 versus the , after briefly touching 77.7075, its weakest since Nov. 6.

Published 13 Nov, 2020 07:24pm

Commodities

Raw sugar extends gains, with India exports still on hold

March New York cocoa fell $14, or 0.6%, to $2,342 a tonne.
December arabica coffee fell 0.7 cents, or 0.6%, to $1.1230 per lb.
March raw sugar rose 0.4 cents, or 0.3%, to 14.95 cents per lb.

Published 13 Nov, 2020 07:20pm

Europe

IMF more upbeat on Spain's 2020 GDP slump, cautious on 2021 rebound

The fourth quarter could however still undermine growth projections for 2021, the IMF said.
The IMF did not give a new forecast for this year, even if it said it could be better than it had initially predicted.

Published 13 Nov, 2020 07:17pm

Money & Banking

Santander plans to cut 4,000 jobs and up to 1,000 branches in Spain

The sources said another 1,000 staff would move on to different jobs within its Spanish branches.
Banks across Europe are struggling to cope with record low interest rates.

Published 13 Nov, 2020 07:14pm

Energy

US natgas edges up on record LNG exports, cooler weather forecasts

The gas price increase came despite a slow but steady rise in output as higher crude prices in recent weeks have led to drillers seeking more oil.
Front-month gas futures were up 3.6 cents, or 1.2%, at $3.012 per million British thermal units.

Published 13 Nov, 2020 07:13pm

Industry

VW hikes investment into autonomous, electric car tech to 73bn euro

VW presents new 5-year investment plan.
Aims to spend 50% of budget on electric, hybrid, digital.
Doubles planned spending on digital tech.

Published 13 Nov, 2020 07:11pm

Energy

OPEC+ compliance with oil production cuts in Oct 101pc

The compliance assessment will be reviewed and confirmed by a meeting of the OPEC+ Joint Technical Committee on Monday.
OPEC+ is due to meet next on Nov. 30 and Dec. 1, following a high-level ministerial meeting on Tuesday.

Published 13 Nov, 2020 07:08pm

World

North Korean, Russian hackers target COVID-19 researchers: Microsoft

Microsoft said the majority of the targets were organizations that were in the process of testing COVID-19 vaccines.
North Korea's representative to the United Nations did not immediately respond to messages seeking comment.

Published 13 Nov, 2020 07:06pm

Commodities

Brazil farmers sell record 71.76mn tonne of 2020/2021 soybean crop

Growers have also sold 97.2% of their first-corn crop from the Center South region relative to the 2019/2020 cycle.
Brazil's Center South farmers have also pre-sold 21.2% of their new first-corn crop for 2020/21.

Updated 13 Nov, 2020 07:06pm

Financial

ECB's cautious optimism on vaccine supports euro debt markets

News of a vaccine against the novel coronavirus is positive but it will take some time before this has a positive impact on economic activity,
They all shared similar concerns that a potential Covid-19 vaccine would not end the economic challenges of the pandemic.

Published 13 Nov, 2020 06:23pm

USA

Biden cements victory by winning Arizona, but Trump still refuses to concede

Biden was projected to win Arizona after more than a week of vote counting from the Nov. 3 election, Edison Research said.
Biden had already cleared the 270 vote threshold to win the election, setting him on course to be sworn in on Jan. 20.

Published 13 Nov, 2020 06:18pm

Commodities

India's vegetable oil imports drop 13pc in 2019-20

India imported 13.5 million tonnes of vegetable oils in the 2019-20 oil year.
In 2019-20, India's palm oil imports fell 23.3% to 7.22 million tonnes,

Published 13 Nov, 2020 06:13pm

Money & Banking

ECB policymakers cautious despite vaccine progress

The vaccine is very positive news, regarding investor confidence, consumers confidence and economic activity. But I would like to be cautious. In the short term, restrictions will continue across Europe.
Pfizer said on Monday its experimental COVID-19 vaccine was more than 90% effective based on initial trial results,

Published 13 Nov, 2020 06:10pm

Energy

Libyan oil production tops 1.2 million bpd

The North African country's National Oil Corporation (NOC) said on Nov. 7 that production had reached 1.04 million bpd.
Libya's oil output has been rising steadily since the gradual lifting of an eight-month blockade by eastern forces in September.

Published 13 Nov, 2020 06:08pm

South Asia

Iran considering total lockdown in Tehran

The Middle East country worst hit by Covid-19, had identified 11,737 new cases of COVID-19 in the last 24 hours,
the government imposed restrictions for one month requiring all non-essential businesses to close at 6 p.m. in major cities.

Published 13 Nov, 2020 06:05pm

Stocks

Sri Lankan shares end lower as industrials, communication services weigh

The benchmark stock index ended 0.14% lower at 6,082.42. The index gained 0.04% this week.
Trading volume on the CSE All Share Index slipped to 70.9 million from 90.5 million in the previous session.

Published 13 Nov, 2020 06:03pm

Pakistan

Court orders to nominate CEO KE in electrocution-related death case

A police report of the man’s accidental death, which occurred on August 11 at a K-Electric substation, was presented before the Judicial Magistrate West.

Published 13 Nov, 2020 06:01pm

World

Vaccine alliance secures $2bn to fund COVID shots for poor nations

COVAX facility exceeds initial $2 bln funding target.
Will enable purchase of initial 1 billion vaccine doses.
Another $5 billion will also be needed in 2021.
Pfizer and BioNTech express interest in vaccine supply.

Published 13 Nov, 2020 06:01pm

Commodities

Aluminium hits highest in nearly 20 months on speculative buying

LME aluminium has rebounded 32% since March despite forecasts of huge surpluses.
Aluminium on the Shanghai Futures Exchange closed 1.8% higher at 15,530 yuan a tonne, having hit a three-year high of 15,565 yuan a tonne.

Published 13 Nov, 2020 05:47pm

Commodities

Gold steady as rising virus cases offset vaccine optimism

Spot gold down 3.7% for the week.
Silver down 5.4% for the week.

Published 13 Nov, 2020 05:42pm

Companies

Israel signs deal with Pfizer for potential COVID-19 vaccine

Pfizer and German partner BioNTech SE confirmed a deal was forthcoming in a statement on Thursday but did not disclose financial details.
In televised remarks, Netanyahu said the agreement marked "a great day for Israel" and added: "The goal is for the vaccine supply to start in January and increase in the months thereafter".

Published 13 Nov, 2020 05:37pm

Europe

Twelve charged in Germany with plotting mosque attacks, murders

They aimed through attacks on mosques and the killing and wounding of as many Muslims as possible to create civil war-like conditions,
The suspects are all Germans and all but one of them has been detained. The twelfth is still at large.

Published 13 Nov, 2020 05:27pm

Energy

Oil falls on coronavirus surge but on track for weekly gain

Vaccine unlikely to boost oil demand until well into 2021 –IEA.
Higher US crude stocks add to pressure.
Brent, WTI on track for second weekly gain.

Published 13 Nov, 2020 05:24pm

Europe

France's COVID-19 'Ground Zero' turns saviour in second wave

The same helicopters that in the spring were flying patients out of this region in eastern France have instead been fetching patients with COVID-19 from elsewhere and bringing them in for treatment.
"We relied on others during the first wave, so now we have the wherewithal to receive and treat people, it's good for us to take part and take the burden off others."

Published 13 Nov, 2020 05:21pm

Forex

Currencies, stocks ease, shrugging off third-quarter GDP rebound

The region's economies rebounded mostly better than expected last quarter. On a quarterly basis.
The data "confirmed a strong recovery in the third quarter in CEE," Erste Bank said.

Published 13 Nov, 2020 05:10pm

Companies

PSDF and Careem Partner to Train 650 Rickshaw and Delivery Captains

The Punjab Skills Development Fund (PSDF) and Careem have partnered to launch its “Entrepreneurship on Wheels” programme to offer dedicated training to Careem's rickshaw and delivery captains by June 2021.

Updated 13 Nov, 2020 05:20pm

Balochistan lags far behind other provinces due to neglect of past rulers, says PM

Imran announced to increase the scholarships for the students of Balochistan from 185 to 360

Published 13 Nov, 2020 04:59pm

USA

President Trump could damage the fabric of democracy in the U.S., according to experts

According to experts, President Trump's unrepentant efforts to overturn the outcome of the 2020 Election could potentially damage the fabric of the nation's democracy and set a dangerous political precedent, even if the strategy is unlikely to succeed.

Updated 13 Nov, 2020 05:13pm

World

Seven peacekeepers, including five Americans, killed in Sinai helicopter crash

Those killed were five Americans, a French national and a Czech national, all of them military service members, the MFO said in a statement. It added that one American MFO member survived and was medically evacuated.

Published 13 Nov, 2020 04:17pm

Pakistan

Senior politician Jam Madad Ali dies of coronavirus

The 57-year-old politician had been undergoing treatment at a private hospital in Karachi for the past few weeks after being diagnosed with the deadly virus

Published 13 Nov, 2020 04:18pm

Technology

Digital Cooperation Organization consisting of Pakistan, Saudi Arabia established

The Digital Cooperation Organization will include seven countries, including Pakistan, Saudi Arabia, Bahrain, the United Arab Emirates and Egypt, while India has not been included in the seven-nation Digital Cooperation Organization plan.

Published 13 Nov, 2020 04:21pm

Pakistan

Mazar-e-Quaid board approach court for action against Maryam, Safdar

Board’s HR manager Ghulam Akbar Memon moved an application the court, requesting action against both PML-N leaders over chanting slogans at the tomb under the Quaid-e-Azam’s Mazar (Protection and Maintenance) Ordinance.

Updated 13 Nov, 2020 04:17pm

Companies

New Qantas Boeing 787 Hibernates in Storage

Waiting for international travel to resume, Qantas' newly launched Boeing 787-9 quietly hibernates in Victorville, with the majority of Qantas Dreamliner fleet.

Published 13 Nov, 2020 03:55pm

BR Research

Interview with Murtaza Khalil, CEO BIMA Milvik

Telehealth consultations increased by more than 50 percent during COVID Murtaza Khalil Hassan is the CEO of BIMA...

Updated 13 Nov, 2020 03:52pm

Cotton

Govt to announce Textile Policy this month: Dawood

Talking about the impact of COVID-19 outbreak, the advisor said that the government had taken into account the coronavirus factor in the new policy and will make changes accordingly with the arrival of vaccine.

Updated 13 Nov, 2020 03:24pm

World

California becomes second US state to top 1mn COVID-19 cases

Over 5,000 new cases and 18 new deaths have been reported so far on Thursday, for a total of 1,000,631 confirmed cases and 18,126 deaths statewide.

Updated 13 Nov, 2020 03:21pm

USA

Major Pentagon shuffling continues, as Trump Administration refuses to budge

Chairman of the Joint Chiefs of Staff Gen. Mark Milley, amidst sweeping changes in the national security sphere by the Trump Administration, stated at an event on Wednesday that his allegiance does not lie with a President or a tyrant, but solely with the constitution.

Updated 13 Nov, 2020 02:49pm

World

China congratulates Joe Biden, Kamala Harris several days after election

China was among a handful of major countries including Russia and Mexico, which avoided congratulating Biden last week.

Published 13 Nov, 2020 02:38pm

World

MI, UP police unfold mega ‘army recruitment scam’ in India

The investigators suspect that several anti-national forces including Pakistan’s spy agency Inter-Services Intelligence (ISI) may have sneaked in their men into the army.

Published 13 Nov, 2020 02:32pm

Pakistan

PM expected to visit Afghanistan next week

The prime minister will discuss the Afghan peace process and bilateral ties with the top Afghan leadership

Published 13 Nov, 2020 02:10pm

Business & Finance

As deadline nears, FBR launches Maloomat Tax-Ray app

The information provided by this Application will help the taxpayers in filing their annual tax returns correctly.

Published 13 Nov, 2020 02:04pm

BR Research

Breaking down SME electricity bills

There is enough noise surrounding capacity payments, energy payments, circular debt, and so on. Amidst all this...

Published 13 Nov, 2020 02:00pm

BR Research

Coronavirus crime wave

A second wave of the coronavirus pandemic is disrupting lives and businesses all over the world. In Pakistan’s ...

Published 13 Nov, 2020 01:55pm

USA

State Department Blocking Access to Correspondence from Foreign Leaders for the President-elect

The U.S. State Department has been preventing President-elect Joe Biden from accessing messages from foreign leaders, highlighting the Trump Administration's blatant unwillingness to facilitate the transition process.

Updated 13 Nov, 2020 01:47pm

Kerb

Zuckerberg defends not suspending ex-Trump aide Bannon from Facebook

Zuckerberg acknowledged criticism of Facebook by President-elect Joe Biden but said the company shared some of the Biden team's same concerns about social media

Published 13 Nov, 2020 12:25pm

Exchange

Pakistan Navy’s participation in the Turkish ‘Mavi Balina’ exercise

It is ascertained during the peace time and the state of readiness throughout that time, whether a state will ...

Published 13 Nov, 2020 12:28pm

Exchange

Pakistan in talks with Tethyan Copper to resolve $5.8 bn dispute

The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) last year ordered Pakistan to pay damages of $5.84 billion to Tethyan Copper

Published 13 Nov, 2020 12:19pm

Pakistan

PNS Tabuk joins fleet of Pakistan Navy

The ship has been built in Romania and is equipped with modern weapons and technology

Published 13 Nov, 2020 12:08pm

Technology

PM directs to finalize incentive package for special technology zones

The Prime Minister said that Pakistan has a lot of talent in the IT sector, and was of the view that this talent in the IT sector needs to be nurtured.

Published 13 Nov, 2020 12:04pm

Pakistan

India is a perpetrator of state-terrorism in IIOJK, elsewhere; cannot advise others on the issue: FO

FO said India's fabricated accusations do not turn falsehood into truth.

Published 13 Nov, 2020 11:59am

Pakistan

Petition to cut ties with France: IHC moved for contempt proceedings against govt

Petitioner stated that the federal government has failed to implement court's order

Published 13 Nov, 2020 11:33am

Money & Banking

SBP blocks payment for subscribing to India’s Zee5

The SBP says the ban was imposed at the behest of the federal government.

Published 13 Nov, 2020 11:28am

Pakistan

National flag to fly at half-mast in KP to pay tribute to PHC Chief Justice Waqar Ahmad

His funeral prayers will be offered today at the old Army Stadium ground in Peshawar at 2:30pm.

Published 13 Nov, 2020 11:25am

Pakistan

Pakistan reports highest-single day rise in COVID-19 cases since July

The country also reported its highest number of deaths since July after 37 people died from the infection.

Updated 13 Nov, 2020 11:20am

Middle East

Saudi will strike those who threaten its security, crown prince warns

Saudi Arabia will strike those who threaten the kingdom’s security and stability with an “iron fist”, the crown prince said on Thursday, one day after an attack on a Remembrance Day ceremony injured two in the kingdom.

Published 13 Nov, 2020 11:05am

Money & Banking

What are the Naya Pakistan Certificates?

Alongside the Roshan Digital Accounts (RDAs)- the first initiative of its kind by the State Bank of Pakistan (SBP), the PM was of the view that the initiative of Naya Pakistan Certificates would add further value to the RDA.

Published 13 Nov, 2020 10:55am

Currency

Remittances’ new normal?

The remittance growth remained unabated in October. In Jul-Oct, the flow is up by 26 percent to reach $9.4 billion....

Updated 13 Nov, 2020 10:43am

Companies

PPL initiates crude oil production from well discovered in Ziarat

Back in September, PPL disclosed the discovery of crude oil from the above exploratory well in the Ziarat block, which is the first-ever discovery of crude oil in Chiltan and Moro / MughalKot formations in the province of Balochistan.

Published 13 Nov, 2020 10:32am

Pakistan

Bill Gates lauds Pak Army for polio campaign, managing COVID-19 pandemic

COAS and Gates have pledged to continue working together to make further progress in ending polio in Pakistan and improving the health of all children.

Published 13 Nov, 2020 10:26am

Civilian martyred, three injured in unprovoked firing by Indian troops at LoC

ISPR states that Indian soldiers targeted Tari Band & Samahni villages with rockets and mortars

Published 13 Nov, 2020 10:13am

Business & Finance

Oil falls on COVID-19 surge but on track for weekly gain

Brent crude was down 75 cents, or 1.7%, at $42.78 a barrel as of 0314 GMT, after dropping 0.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures fell 89 cents, or 2.2%, to $40.23 a barrel, having lost 0.8% on Thursday.

Published 13 Nov, 2020 10:18am

Business & Finance

List of 31 Chinese companies designated by the U.S. as military-backed

The order could impact some of China’s biggest companies. It is designed to deter U.S. investment firms, pension funds and others from buying and selling shares of 31 Chinese companies that were designated by the Defense Department as backed by the Chinese military earlier this year.

Published 13 Nov, 2020 10:16am

Business & Finance

Instacart taps Goldman Sachs to lead IPO at $30 billion valuation - sources

Instacart was valued at $17.7 billion last month, when it raised $200 million in a private fundraising round.

Published 13 Nov, 2020 10:14am

Currency

Asian stocks fall as virus spread accelerates

The United States has reported fresh daily records for new COVID-19 case hospitalisations this week, prompting cities and states, including Chicago, Detroit and California, to re-impose public health restrictions.

Published 13 Nov, 2020 10:11am

Business & Finance

IMF chief says fiscal, monetary policy support should not be prematurely withdrawn

Georgieva made the remarks in a video message to the Caixin Summit in Beijing.

Published 13 Nov, 2020 10:09am

BR Research

Gas prices: Easy deal

The gas price revision happened without much fanfare. Largely because it offered no spicy headlines like the ...

Published 13 Nov, 2020 07:43am

BR Research

Poultry 2020: a lesson in volatility

Poultry prices are once again on a rebound, as predicted by BR Research, one month ago. And what a rebound; national...

Published 13 Nov, 2020 07:42am

BR Research

Handset imports: dealing with the surge

After a blockbuster year in FY20, mobile phone imports continue to soar in the new fiscal. Recall that these imports...

Published 13 Nov, 2020 07:41am

World

UK summons China envoy over alleged treaty breach in Hong Kong

LONDON: Britain on Thursday summoned China’s top diplomat in London after accusing Beijing of breaking its...

Updated 13 Nov, 2020 03:27am

World

Iran captures Arab separatist leader linked to military parade attack

DUBAI: Iran’s intelligence ministry has arrested an Iranian ethnic Arab separatist leader suspected of involvement...

Updated 13 Nov, 2020 03:27am

World

Global daily coronavirus deaths top 10,000

PARIS: More than 10,000 people worldwide have died from the novel coronavirus in the last 24 hours as both Europe ...

Updated 13 Nov, 2020 03:27am

Pakistan

Regional newspapers: Ministry asked to review 25pc quota of advertisements

ISLAMABAD: The Federal Cabinet has directed the Ministry of Information and Broadcasting to review 25 per cent quota...

Updated 13 Nov, 2020 03:27am

Pakistan

NAB decides to file cases against ex-ministers, officials

ISLAMABAD: The National Accountability Bureau on Thursday decided to file seven more corruption references involving...

Updated 13 Nov, 2020 03:27am

Pakistan

LNG case: Indictment of Abbasi, Miftah and others on 16th

ISLAMABAD: The Accountability Court on Thursday fixed November 16 for indictment of former prime minister Shahid...

Updated 13 Nov, 2020 03:27am

Pakistan

PM for finalising special incentives for setting up STZs

ISLAMABAD: Prime Minister Imran Khan on Thursday directed for finalising special incentives for setting up Special...

Updated 13 Nov, 2020 03:25am

Pakistan

COAS, Afghan envoy discuss regional security situation

ISLAMABAD: Chief of Army Staff (COAS) General Qamar Javed Bajwa on Thursday received the newly-appointed Afghan...

Updated 13 Nov, 2020 03:25am

Pakistan

2nd wave of Covid-19: Apex committee decides to take effective measures

LAHORE: Expressing concern over the increasing number of coronavirus affectees and the death rate, the political and...

Updated 13 Nov, 2020 03:25am

Pakistan

Sugar mills to pay 11pc markup on delayed payments

LAHORE: The Cane Commissioner Punjab has warned the sugar mills that they will be bound to pay 11 percent mark-up on...

Updated 13 Nov, 2020 03:25am

Pakistan

Ban on indoor wedding ceremonies: IHC seeks explanation from NCOC

ISLAMABAD: The Islamabad High Court (IHC) Thursday sought explanation from the National Command and Operation Centre...

Updated 13 Nov, 2020 03:25am

Pakistan

ATC allows bail to PML-N MPA

LAHORE: An anti-terrorism court here on Thursday allowed bail to PML-N MPA Khawaja Imran Nazir in a case of ...

Updated 13 Nov, 2020 03:25am

Pakistan

Five restaurants sealed over violation of SOPs

KARACHI: Authorities have sealed five restaurants in the port city over violation of coronavirus related Standard...

Updated 13 Nov, 2020 03:23am

Pakistan

ECP releases assets details of KP, Sindh assemblies’ members

ISLAMABAD: The financial assets of Chief Minister Sindh Murad Ali Shah are valued at over 230.35 million rupees...

Updated 13 Nov, 2020 03:23am

Pakistan

IHC grants more time to Vawda to submit reply

ISLAMABAD: The Islamabad High Court (IHC) Thursday granted more time to Federal Minister for Water Resources Faisal...

Updated 13 Nov, 2020 03:22am

Pakistan

Rising Islamophobia: Qureshi for collective endeavours to combat scourge

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has emphasised the need for collective endeavours to combat the...

Updated 13 Nov, 2020 03:22am

Pakistan

PDM body meeting postponed

ISLAMABAD: The opposition alliance, Pakistan Democratic Movement (PDM) has postponed its steering committee meeting...

Updated 13 Nov, 2020 03:22am

Pakistan

PM to visit Balochistan today

ISLAMABAD: Prime Minister Imran Khan will visit Balochistan on Friday where he will get a briefing on the nationwide...

Updated 13 Nov, 2020 03:21am

Pakistan

FBR may refer complaints against tax official to NAB

ISLAMABAD: To expedite action against the corrupt tax officials, the Federal Board of Revenue (FBR) may refer ...

Updated 13 Nov, 2020 03:21am

Pakistan

CDA still unable to complete Ataturk Avenue

ISLAMABAD: The Capital Development Authority (CDA) is still unable to complete the Ataturk Avenue even after three...

Updated 13 Nov, 2020 03:21am

Pakistan

Development projects: Planning Commission: Contract management legal specialist to be hired

ISLAMABAD: The Planning Commission has said that a contract management legal specialist would be hired for...

Updated 13 Nov, 2020 03:21am

Stocks

European shares drop

MILAN/FRANKFURT: European shares retreated from eight-month highs on Thursday as surging coronavirus infections...

Updated 13 Nov, 2020 03:18am

Stocks

Australian shares down, NZ flat

SYDNEY/WELLINGTON: Australian shares closed lower on Thursday for the first time in six sessions, dragged down by...

Updated 13 Nov, 2020 03:18am

Stocks

Major Gulf markets log in weekly gains

DUBAI: Saudi and Dubai markets ended lower on Thursday, although all major Gulf markets posted weekly gains as...

Updated 13 Nov, 2020 03:18am

Energy

Asia’s naphtha hits 5-month low

SINGAPORE: Asia’s naphtha crack fell for the sixth straight session to a five-month low of $51.60 a tonne on...

Updated 13 Nov, 2020 03:18am

Energy

Energy sub-group for avoiding duplication of efforts

ISLAMABAD: The first meeting of the energy sub-group of the Advisory Committee of the Planning Commission took note...

Updated 13 Nov, 2020 03:18am

Energy

Palm oil up for fourth day

KUALA LUMPUR: Malaysian palm oil futures extended gains for a fourth session on Thursday, hitting their highest in...

Updated 13 Nov, 2020 03:18am

Commodities

PMEX daily trading report

KARACHI: On Wednesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.573...

Updated 13 Nov, 2020 03:18am

Commodities

CBOT corn futures fall

CHICAGO: Chicago Board of Trade corn futures fell on Wednesday in a setback from a rally the previous session, when...

Updated 13 Nov, 2020 03:18am

Commodities

Gold prices fall by Rs200

KARACHI: Gold prices on Thursday reduced further by Rs200 per tola on the local market, traders said. A slight...