News Archives for Latest - 2020-11-14

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Archive - 2020-11-14

Former FBR chairman Shabbar explains why he failed to deliver

KARACHI: Admitting his failure to deliver as chairman Federal Board of Revenue (FBR), Shabbar Zaidi in his 'open'...

Updated 17 Nov, 2020 07:29am

USA

President-elect Biden's transition delay could be damaging for U.S. national security, according to John Kelly

In the midst of a heated Presidential Election, President Trump's interference and consistent disregard for the political process could be potentially damaging for U.S. national security, according to Trump's former Chief of Staff John Kelly.

Updated 14 Nov, 2020 10:17pm

Pakistan

Shibli condoles demise of Arshad Waheed

He said services of Arshad Waheed in the field of journalism will be remembered for a long time to come.

Published 14 Nov, 2020 09:59pm

Pakistan

World community can’t remain indifferent to India’s involvement in terrorism against Pakistan

In series of tweets, the prime minister posted “We have provided irrefutable evidence of India's state sponsored terrorism inside Pak.

Published 14 Nov, 2020 09:58pm

Pakistan

NA Speaker greets Hindu community on eve of Diwali

Qasim Khan Suri, Deputy Speaker National Assembly also conveyed his sincere and warm greetings on Diwali to Hindu parliamentarians.

Updated 14 Nov, 2020 09:58pm

World

Far-right groups, Trump supporters plan to gather in DC

It is feared that the events could turn violent as mix of demonstrators gathering in downtown Washington, D.C would met with counter-protesters.

Updated 14 Nov, 2020 09:28pm

Pakistan

PTI incurred 48pc less external liabilities than PML-N: Hafeez

The external debt serviced (principal + interest) stood at $16.7 billion in PML's period whereas it stood at $29.7 billion during the PTI's tenure of nine quarters under review.

Published 14 Nov, 2020 08:44pm

Stocks

Indian shares make modest gains in special festival day session

The benchmark BSE index rose 0.45pc to 43,637.98, while the NSE index climbed 0.47pc to 12,780.25.

Published 14 Nov, 2020 08:41pm

Industry

Johnson & Johnson, U.S. gov't expand pact to support next phase of COVID-19 vaccine R&D

Under the agreement the company will commit approximately $604 million and the HHS Department's Biomedical Advanced Research and Development Authority will commit about $454 million.

Published 14 Nov, 2020 08:36pm

Pakistan

Rashaki Economic Zone to change destiny of area people: Speaker NA

He said that power transformers have been approved for Gadoon and Swabi that would resolve electricity related problems of these areas.

Published 14 Nov, 2020 08:33pm

Pakistan

PM approves increase in number of Ehsaas Kafaalat programme beneficiaries

The decision was taken during a preparatory meeting chaired by the prime minister on Ehsaas Kafaalat programme, PM office media wing in a press release said.

Published 14 Nov, 2020 08:29pm

Pakistan

Punjab reports 487 new COVID-19 cases, mostly in Lahore

As per the spokesperson of the Primary and Secondary Healthcare Department of Punjab, seven more people died from the global pandemic during the period, taking the death toll to 2462 in the province.

Published 14 Nov, 2020 08:29pm

Pakistan

Usman Dar inaugurates ISO certified Model Police Station

Dar stressed the need of active public cooperation with police for the promotion of good policing in the society besides ensuring the early provision of easy justice to the people.

Published 14 Nov, 2020 08:26pm

Pakistan

7 commercial buildings, plazas sealed over various violations

He said Municipal Corporation was making all out efforts to provide the improved civic facilities to the people on priority.

Published 14 Nov, 2020 08:21pm

Pakistan

KP Assembly’s Deputy Speaker tests positive for COVID-19

The deputy speaker made the announcement via tweet on Saturday stating that his wife and son have also been infected with the deadly virus.

Updated 14 Nov, 2020 06:37pm

World

Trump supporters head to the streets as he pushes false election claims

Trump has made little headway in the courts with his lawsuits and for the first time on Friday he began to sound doubtful about his prospects.
The pro-Trump demonstrations in Washington and other cities are scheduled to feature a mix of the president's backers,

Published 14 Nov, 2020 06:30pm

Sports

Djokovic says no pressure as he bids for sixth ATP Finals crown

Coming into the tournament knowing I already clinched the year-end number one releases some of the pressure.
"I really want to win every single match that I get to play and try to get my hands on the trophy... I want this trophy as much as anyone here.

Published 14 Nov, 2020 06:27pm

Money & Banking

China's Baoshang Bank to take $1bn write down on bond

Baoshang, the small Inner Mongolian lender that was the target of a central bank takeover in May 2019.
The PBOC said in August that it would allow Baoshang to file for bankruptcy, liquidate any remaining assets and write off some unpaid debts.

Published 14 Nov, 2020 06:23pm

South Asia

Japan hits record coronavirus cases for 3rd straight day

Tokyo on Saturday confirmed 352 infections of the new coronavirus, exceeding 300 for a fourth straight day,
The government first adopted a state of emergency in April and lifted it late the following month.

Published 14 Nov, 2020 06:21pm

Europe

Romanian economy to grow by at least 4pc in 2021

In October, Citu said his worst case scenario was for the economy to shrink 4.2% this year, below the 3.8% contraction currently forecast by the centrist minority government.

Published 14 Nov, 2020 06:20pm

USA

President-elect Biden considers Angus King for leading intelligence role

President-elect Joe Biden, while being repeatedly held back from initiating a formal government transition, has been making efforts to fill essential cabinet positions - reportedly considering Angus King to serve as Director of National Intelligence in his new administration.

Updated 14 Nov, 2020 06:20pm

Africa

Tunisia supplementary budget cuts planned 2020 budget deficit to 11.4pc

The government has come under pressure from parliament and the central bank to cut spending.
Tunisia's public finances are in a dire situation, with the highest budget deficit in nearly four decades.

Published 14 Nov, 2020 06:18pm

Business & Finance

UK to ban sale of new petrol and diesel cars from 2030

Britain had originally planned to ban the sale of new petrol and diesel-powered cars from 2040.
Citing unidentified industry and government figures, the FT said Johnson now intended to move the date forward again to 2030 in a speech on environmental policy he is expected to give next week.

Published 14 Nov, 2020 06:16pm

Financial

China regulator says financial innovation must not create oligopolies

Xiao defended the role of financial regulation in maintaining a fair market competition environment, reducing "too big to fail" moral hazards and maintaining financial stability.
Ma said China's regulatory system was stifling innovation and needed to be reformed to fuel growth.

Published 14 Nov, 2020 06:10pm

South Asia

Iran to tighten COVID-19 restrictions next Saturday: Rouhani

The toughest measures - classified by health officials as "red" or level 3 - will be imposed in the capital Tehran and about 100 other towns and cities.
"The goal is not to shut down people's businesses, but we have to set limits," Raisi said.

Published 14 Nov, 2020 06:08pm

Africa

Two missiles target Ethiopian airports as Tigray conflict widens

The airport in Gondar in Amhara state, which neighbours Tigray, was hit on Friday, while another rocket aimed at the Bahir Dar airport missed the target.
As long as the attacks on the people of Tigray do not stop, the attacks will intensify," Getachew Reda.

Published 14 Nov, 2020 06:05pm

Europe

Merkel's coalition partner proposes truck scrappage scheme

The SPD will propose the truck scrappage scheme as well as an extension of the existing bonus scheme for electric vehicles until 2025 at a German cars summit.
The extension of the bonus scheme for electric passenger cars would cost about 1 billion euros.

Published 14 Nov, 2020 06:03pm

Europe

Germany plans 22bn euros in COVID aid for companies in first half of 2021

Separately, Germany's November coronavirus aid package to compensate firms affected by lockdown measures will this month amount to 14 billion euros.
As part of the new round COVID-19 relief measure, companies can get up to 200,000 euros a month to cover fixed costs such as rent,

Published 14 Nov, 2020 06:00pm

Pakistan

KCR to resume operation from November 19 after 21 years

The service was originally scheduled to resume for November 16, however it is now delayed over the non-finalisation of the arrangements.

Updated 14 Nov, 2020 05:48pm

USA

Biden advised caution during Bin Laden raid, Obama writes in memoir

Joe Biden, while serving as Vice President in the Obama Administration, advised the President to wait before ordering the raid that eventually killed Osama bin Laden in Abbottabad, on the night of the 2nd of May 2011.

Updated 14 Nov, 2020 05:22pm

World

China finds coronavirus on packaging of Saudi shrimp

The Lanzhou Municipal Health Commission said in a statement on its website that it had found one positive sample on Friday on the inner packaging of imported frozen shrimp from Saudi Arabia that had passed through customs in the coastal city of Tianjin.

Updated 14 Nov, 2020 05:04pm

Business & Finance

Pakistan urges FATF to scrutinize India in light of ‘irrefutable evidence’

The military spokesperson said that tangible evidence reflects that Indian foreign missions in FATF member countries have always been ‘extensively lobbying’ with hosts prior to FATF meetings to undermine Pakistan’s achievements and create conditions for our grey/ blacklisting.

Published 14 Nov, 2020 04:27pm

Industry

Bookings for Morris Garages SUVs (MG HS) Have Started in Pakistan

Morris Garages (MG) Motor UK Limited is introducing it’s lineup of SUVs in Pakistan and bookings for the MG HS model have begun.

Published 14 Nov, 2020 04:08pm

World

Armenia says 2,317 servicemen dead after Karabakh conflict

"To date, our forensic service has examined the corpses of 2,317 dead servicemen, including unidentified ones," says Armenian health ministry spokeswoman Alina Nikoghosyan.

Published 14 Nov, 2020 04:03pm

Industry

Pakistan Allocates Initial Funds $150m to Purchase COVID-19 vaccine

The Government of Pakistan has allocated initial funds of $150 million to buy a COVID-19 vaccine directly from international manufacturers by the second quarter of 2021 to start immunizing its 220 million population soon.

Published 14 Nov, 2020 03:48pm

Companies

Honda to be the 1st Mass-Producer of Level-3 Autonomous Cars

Honda announced that it will be the first automaker in the world to mass produce sensor-packed level 3 autonomous cars.

Updated 14 Nov, 2020 04:02pm

Pakistan

Indian PM directly monitors a RAW cell responsible for CPEC sabotage operations, reveals FM Qureshi

The FM said Pakistan has irrefutable evidence and showed letters, transactions, audio and other evidence of Indian involvement of state-sponsored terrorism in Pakistan.

Updated 14 Nov, 2020 03:24pm

Pakistan

India is ‘consistently exhibiting rogue state behaviour'; world cannot turn a blind eye any longer: FM Qureshi

The DG ISPR said that tangible evidence indicates that Research and Analysis Wing (RAW) is involved in planting improvised explosives devices (IEDs) in Azad Jammu and Kashmir to target civilians and military personnel.

Updated 14 Nov, 2020 03:19pm

Pakistan

Sindh witnesses alarming rise in COVID-19 positivity rate

The Sindh Government spokesperson urged people to cooperate with the authorities in following coronavirus precautionary measures and said, “Cases are rapidly rising in winter and the COVID-19 positivity rate has jumped to 7.5pc.”

Updated 14 Nov, 2020 03:12pm

Companies

British Airways Stores Away its A380 Fleet in Madrid

UK's flag-carrier British Airways has decided to move part of its Airbus A380 fleet for storage to Madrid due to a fall in large-scale passenger demand amidst the second COVID wave.

Published 14 Nov, 2020 03:00pm

Indian consuls in Afghanistan have become ‘hubs of terrorism’: DG ISPR

According to the DG ISPR, in his joint presser with Foreign Minister Shah Mahmood Qureshi today, they had received "uncontrivable evidence" that Indian embassies and consulates in Afghanistan were functioning as a "hub of terror sponsorship against Pakistan".

Published 14 Nov, 2020 02:41pm

Exchange

Extravagant wedding: FBR release preliminary report

FBR took notice of the extravagant wedding of the daughter of a prominent Gujranwala industrialist, the video of which went viral on social media.

Published 14 Nov, 2020 02:26pm

Exchange

Pakistan presents alarming evidence of Indian involvement in APS Attack

Pakistan has provided alarming evidence of the unprecedented scale of Indian state-sponsored terrorism in the country.

Updated 14 Nov, 2020 02:30pm

World

Biden solidifies U.S. election win, Trump says 'time will tell' if he stays in power

Edison Research, which made the Georgia call, also projected that North Carolina, the only other battleground state with an outstanding vote count, would go to Trump, finalizing the electoral vote tally at 306 for Biden to 232 for Trump.

Published 14 Nov, 2020 01:26pm

Technology

Made in Pakistan Alonna-Ventura respiratory device launched

Back in September, the Drug Regulatory Authority of Pakistan (DRAP) approved the Alsons, becoming the second company for the production of ventilators, as the country seeks to make itself self-sufficient in the manufacturing of PPEs and other related equipment required to curb the COVID pandemic.

Published 14 Nov, 2020 01:23pm

Pakistan

Govt to bring stringent, holistic Anti-Rape Ordinance next week, PM announces

The PM lauded Sindh Police Assistant Sub Inspector Mohammad Bux Buriro and his daughter for 'their exemplary initiative and courage' in arresting the Kashmore rapist.

Published 14 Nov, 2020 01:24pm

Exchange

FM, DG ISPR present proof of Indian terrorism inside Pakistan in joint press conference

The DG ISPR presented letters, financial transactions, audio clips, video clips, details of RAW handlers.

Updated 14 Nov, 2020 01:01pm

Currency

Western Union says suspending U.S. transfers to Cuba

Its customers will now have to find new ways to send transfers against the backdrop of Cuba’s deepest economic crisis since the collapse of the Soviet Union, exacerbated by the coronavirus pandemic.

Published 14 Nov, 2020 12:34pm

Money & Banking

Samba Bank to float Rs5bn TFC to spread operations

It is pertinent to mention that Samba Bank is part of the Saudi Financial Group (SFG) that is based in the Kingdom of Saudi Arabia, and has some 40 branches operating in the major cities of Pakistan.

Published 14 Nov, 2020 12:29pm

Business & Finance

PM Khan vows to bring inflation further ‘under control’

The Prime Minister vowed that “InshaAllah, we will bring inflation further under control.”

Published 14 Nov, 2020 11:50am

Business & Finance

FBR adopts measures to mitigate COVID-19 spread

It added that the FBR (HQ) and all its field formations are advised to reduce the staff strength BS-1 to 15 by 50% on a fortnightly rotation basis with effect from 13 November 2020.

Published 14 Nov, 2020 11:35am

World

Israeli operatives killed al Qaeda’s No. 2 leader in Iran in August: New York Times

Abdullah Ahmed Abdullah, who went by the nom de guerre Abu Muhammad al-Masri, was gunned down by two men on a motorcycle in the streets of Tehran.

Updated 14 Nov, 2020 11:06am

Technology

Google at odds with U.S. over protective order for firms tied to lawsuit

Google is pressing for two in-house attorneys to have access to the confidential data while the Justice Department and state attorneys general involved in the lawsuit have disagreed, Google said in a court filing on Friday.

Published 14 Nov, 2020 10:41am

Business & Finance

Uber in talks to sell its ATG self-driving unit to Aurora - source

The talks are still ongoing and there is no certainty a deal could be reached, the source said, adding that Uber is also considering taking stake in the new company if Aurora takes over ATG.

Published 14 Nov, 2020 10:38am

Business & Finance

Fed officials differ over economy's risks as coronavirus surges

Across what is one of the country’s most technocratic and PhD-heavy institutions, months of singular focus on the path of the pandemic and its impact on the U.S. economy has yielded this: Who the heck knows?

Published 14 Nov, 2020 10:35am

Business & Finance

Qualcomm receives U.S. permission to sell 4G chips to Huawei in exception to ban

“We received a license for a number of products, which includes some 4G products,” a Qualcomm spokeswoman told Reuters.

Published 14 Nov, 2020 10:31am

Pakistan

Reuters publishes Indian Army’s fake footage from Syria as LoC crossfire; raises credibility questions

Four civilians and a Pakistan Army soldier were martyred on Friday due to Indian troops unprovoked and indiscriminate firing from across the LoC.

Published 14 Nov, 2020 10:04am

World

NY shuts early as global daily virus deaths top 10,000

NEW YORK: Bars and restaurants in New York will shut early on Friday under fresh curbs designed to slow soaring ...

Updated 14 Nov, 2020 03:38am

Industry

Purchase of sugarcane, payments made: Commissioner seeks 2-year data from sugar mills in 7 days

LAHORE: The Cane Commissioner Punjab has directed the sugar mills to provide complete information of cane purchased...

Updated 14 Nov, 2020 03:35am

Currency

Covid-19: Punjab reports highest number of deaths since July

LAHORE: Punjab has reported 601 coronavirus fresh cases and 17 deaths during the last 24 hours taking the provincial...

Updated 14 Nov, 2020 03:33am

Pakistan

2,304 new coronavirus cases in 24 hours

ISLAMABAD: Pakistan recorded 2,304 new coronavirus cases in the past 24 hours, witnessing a 27 percent jump as 500...

Updated 14 Nov, 2020 03:29am

Pakistan

Rs 299.71 billion released for various projects under PSDP

ISLAMABAD: The federal government has released Rs299.71 billion (46.12 percent) including Rs31.2 billion foreign aid...

Updated 14 Nov, 2020 03:28am

Pakistan

Water commission's orders: Commissioner directs DCs to ensure implementation

HYDERABAD: The Divisional Commissioner Hyderabad Mohammed Abbas Baloch directed the Deputy Commissioners of the...

Updated 14 Nov, 2020 03:28am

Pakistan

Islamabad to Karachi: SC returns Zardari's plea seeking transfer of cases

ISLAMABAD: The Supreme Court on Friday returned the petition of former president Asif Ali Zardari with objections to...

Updated 14 Nov, 2020 03:28am

Energy

US natural gas futures ease as output rises

NEW YORK: US natural gas futures eased on Thursday following a rise in oil prices this week that will likely result...

Updated 14 Nov, 2020 03:25am

Energy

Oil falls on rising Libya output, coronavirus surge

NEW YORK: Oil prices fell about 2% on Friday, pressured by swelling output from Libya and fears that rising...

Updated 14 Nov, 2020 03:25am

Commodities

Aluminium hits highest in nearly 20 months

LONDON: Aluminium prices hit their highest in nearly 20 months on Friday as speculators pushed prices higher due to...

Updated 14 Nov, 2020 03:25am

Commodities

Gold gains in NY

NEW YORK: Gold rose on Friday as increasing coronavirus infections globally re-ignited concerns about the economic...

Updated 14 Nov, 2020 03:25am

Commodities

Gold up

KARACHI: Gold on Friday grew by Rs400 per tola on the local market, traders said. This increase of Rs400 in the...

Updated 14 Nov, 2020 03:25am

Pakistan

Corona pandemic: APPSCA rules out closure of educational institutes

ISLAMABAD: Private schools and colleges associations have ruled out possible closure of educational institutes, and...

Updated 14 Nov, 2020 03:24am

Pakistan

PPP MPA Jam Madad Ali dies of coronavirus

KARACHI: A senior politician and Pakistan People's Party (PPP) Member of Sindh Assembly from Sanghar Jam Madad Ali...

Updated 14 Nov, 2020 03:22am

World

Whole world must benefit from vaccine: WHO chief

GENEVA: The head of the World Health Organization hailed the rapid progress towards a Covid-19 vaccine but insisted...

Updated 14 Nov, 2020 03:21am

Europe

EU backs tighter borders and online terror rules

BRUSSELS: European Union ministers agreed Friday to reinforce security at the bloc's external borders and to impose...

Updated 14 Nov, 2020 03:21am

Pakistan

AC adjourns hearing in Thatta water supply reference

ISLAMABAD: The Accountability Court on Friday adjourned hearing of Thatta water supply reference involving former...

Updated 14 Nov, 2020 03:21am

Pakistan

Ehsaas Waseela-e-Taleem Programme: Government makes 'cost-effective changes' to end reliance on NGOs

ISLAMABAD: The federal government authorities claim they have made 'cost-effective changes' and developed...

Updated 14 Nov, 2020 03:20am

Pakistan

PNS Tabuk joins naval fleet after commissioning ceremony in Romania

ISLAMABAD: The newly built Pakistan Navy Ship (PNS) TABUK joined the naval fleet after its commissioning ceremony ...

Updated 14 Nov, 2020 03:19am

Currency

Sterling rises

LONDON: Sterling ticked up on Friday against the dollar and euro after news that British Prime Minister Boris...

Updated 14 Nov, 2020 03:19am

Currency

Lira notches weekly gains

ISTANBUL: Turkey's lira firmed on Friday to its strongest level in seven weeks, notching a weekly gain of some 12%,...

Updated 14 Nov, 2020 03:19am

Currency

B2C exports: Customs develops e-commerce automated clearance facility

ISLAMABAD: To promote Business to Consumer (B2C) e-commerce exports in Pakistan, Pakistan Customs has developed an...

Updated 14 Nov, 2020 03:19am

Business & Finance

Pakistan, Iran discuss more trade through barter mechanism

ISLAMABAD: Pakistan and Iran are said to have discussed different ways and means to enhance bilateral trade through...

Updated 14 Nov, 2020 03:19am

Pakistan

ACE registers FIR against PML-N's ex-minister's father, beneficiaries

LAHORE: A day after initiating action against PML-N senior leader Khwaja Muhammad Asif, the Anti-Corruption...

Updated 14 Nov, 2020 03:18am

Pakistan

CDA for timely completion of pedestrian bridges

ISLAMABAD: The Capital Development Authority (CDA) chairman has directed the relevant authorities to ensure the...

Updated 14 Nov, 2020 03:15am

Life & Style

Aaj TV - Friday'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 14 Nov, 2020 03:14am

Pakistan

'Covid-19 affected education of 40 million students in Pakistan'

KARACHI: The Faculty of Liberal Arts and Human Sciences (FLAHS), Ziauddin University (ZU), conducted its first...

Updated 14 Nov, 2020 03:14am

PM terms 7.7 percent September LSM growth impressive

ISLAMABAD: Prime Minister Imran Khan on Friday termed 7.7 percent large scale manufacturing (LSM) growth in ...

Updated 14 Nov, 2020 03:13am

US Elections 2020

China sends 'congratulations' to Biden on election win

BEIJING: China congratulated US President-elect Joe Biden on Friday nearly a week after he was declared winner of ...

Updated 14 Nov, 2020 03:13am

SPI down 0.07 percent WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended November 12, 2020 recorded a decrease of 0.07...

Updated 14 Nov, 2020 03:13am

Loss-making SOEs: Government decides to resume publishing annual report

ISLAMABAD: The federal government has decided to resume publishing annual report on State Owned Entities' state of...

Updated 14 Nov, 2020 03:13am

Libor

PQEPCL review motion rejected by Nepra

ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has rejected a review motion of Port Qasim Electric...

Updated 14 Nov, 2020 03:13am

Ceasefire violations: Indian diplomat summoned

ISLAMABAD: Pakistan summoned a senior Indian diplomat Friday to register a strong protest over the nonstop ceasefire...

Updated 14 Nov, 2020 03:13am

Rs 50 millions and above: FBR ordered to clear refunds

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh has directed the Federal...