News Archives for Latest - 2020-11-17

Exchange

Economy improving despite hindrances by opposition: Shibli

The minister said the improving economy had a positive effect on the lives of the people as it would create more jobs and bring prosperity.

Published 17 Nov, 2020 11:38pm

Pakistan

Citizens complaint about Karachi issues related to provincial and district governments: Asad Umar

He said that the citizens of Karachi were complaining about the projects under the domains of provincial and district governments only.

Published 17 Nov, 2020 11:37pm

Pakistan

Business activities backbone of country’s economy: Governor

He said that the youth of the country were educated and hard working and they were aspirant to do something.

Published 17 Nov, 2020 11:34pm

Pakistan

Govt to introduce electronic voting system for transparent elections: Ali

The minister said the government was sincere in making legislation for electoral reforms as it was mandatory to bring transparency in the system.

Published 17 Nov, 2020 11:33pm

Pakistan

CDA starts work on roads carpeting, cycle tracks

The road maintenance and MPO department of CDA are jointly working in double shifts.

Published 17 Nov, 2020 11:32pm

Pakistan

Dar asks PML-N to support electronic voting system

He said PML-N has double standard as the party on one hand invite the military leadership and talk about the democracy and the constitution on the other.

Published 17 Nov, 2020 11:24pm

Pakistan

Zartaj urges PDM to postpone public meetings to protect people from COVID-19

In public interest, the Opposition parties should desist from organizing mass meetings anywhere in the country, she appealed.

Published 17 Nov, 2020 11:21pm

Pakistan

GB polls are exemplary, final results to be announced after count of postal ballots: Spokesperson

As per the unofficial results, Pakistan Tehreek-e-Insaf has emerged as the largest part in the region after securing 10 seats.

Updated 17 Nov, 2020 08:28pm

Forex

Brazil's real outperforms Latam FX on improved GDP forecast

Brazil govt sees 2020 GDP falling less than previously expected.
Peru names Francisco Sagasti as interim president.
Chile stocks down more than 1%.

Published 17 Nov, 2020 08:15pm

Business & Finance

S&P gives China's new euro-denominated bond A+ grade

China is set to sell what is expected to be a trio of 5-year, 10-year and 15-year euro-denominated bonds.
S&P's credit score for the new bonds was 'unsolicited,' it added, meaning that Beijing did not pay the firm for the rating.

Published 17 Nov, 2020 08:11pm

World

US import prices unexpectedly fall in October

The Labor Department said on Tuesday import prices dipped 0.1% last month.
In the 12 months through October, import prices fell 1.0% after declining 1.4% in September.

Published 17 Nov, 2020 08:09pm

Money & Banking

Russian economy set to lose $44bn to cyber crime in 2020: Sberbank

Sberbank, Russia's largest lender with nearly 100 million active clients, said the country's economic damage from cyber crime may double in 2021.
On average, we have to deal with 26 billion cybersecurity events every day.

Published 17 Nov, 2020 08:07pm

Energy

US natgas futures little changed after dropping 10pc in prior session

The price drop came despite record high liquefied natural gas exports so far this month.
Front-month gas futures rose 0.5 cents, or 0.2%, to $2.702 per million British thermal units.

Published 17 Nov, 2020 08:03pm

Energy

Saudi calls on OPEC+ to be flexible as it weighs oil cut extension

OPEC+ due to raise output in January by 2 million bpd.
Talks focus on delaying rise by 3-6 months, sources say.
Saudi minister repeats group must be ready to 'tweak' deal .

Published 17 Nov, 2020 08:02pm

Companies

Moderna signs deal to supply COVID-19 vaccine to UK from March

if it is approved by the local regulatory authorities. * It agreed to supply.

Published 17 Nov, 2020 07:59pm

Forex

Canadian dollar dips as global COVID-19 restrictions tighten

Canadian dollar falls 0.2% against the greenback.
Price of US oil declines 1.3%.
Canadian wholesale trade rises 0.9% in September.
Canadian government bond yields ease across a flatter curve.

Published 17 Nov, 2020 07:57pm

Money & Banking

National Bank of Kuwait sells $300mn in Tier 2 bonds

It began marketing the bonds at around 2.875% earlier on Tuesday and received more than $1 billion in orders.
Citi and NBK Capital arranged the debt sale.

Published 17 Nov, 2020 07:55pm

Money & Banking

India to fold Lakshmi Vilas into local arm of Singapore's DBS

India also said in a statement it had temporarily capped withdrawals from Lakshmi Vilas, which had been locked in protracted talks with Clix Capital.
Lakshmi Vilas has been looking for a buyer since last year and the RBI last year rejected a proposal for it to merge with shadow lender Indiabulls Housing Finance Ltd.

Published 17 Nov, 2020 07:53pm

Stocks

Wall Street drops at open as COVID-19 cases surge

The Dow Jones Industrial Average fell 150.29 points, or 0.50%, at the open to 29,800.15.
The S&P 500 opened lower by 16.60 points, or 0.46%, at 3,610.31.

Published 17 Nov, 2020 07:52pm

Stocks

TSX opens lower as energy stocks drag

The Toronto Stock Exchange's S&P/TSX composite index was down 103.39 points, or 0.61%, at 16,786.42.

Published 17 Nov, 2020 07:50pm

Financial

Yields fall as economic optimism fades, retail sales disappoint

Retail sales rose 0.3% last month, below economists' expectations of 0.5%.
"This is the first sign that Q4 us going to be pretty weak," said Tom Simons, a money market economist at Jefferies in New York.

Updated 17 Nov, 2020 07:50pm

USA

Former President Bush's recount team from 2000 Election concede that Trump has no path to win

The group of experts who led former President George W. Bush's legal efforts in the aftermath of the 2000 Presidential Election, state that President Trump has "no chance" of success in his own attempts to challenge the results of the election.

Updated 17 Nov, 2020 07:48pm

Business & Finance

Emax Media to launch first Urdu OTT platform UrduFlix in January

Emax Media, the internationally acclaimed digital network has forayed into the on-demand streaming segment with the...

Published 17 Nov, 2020 07:12pm

Commodities

Raw sugar hits 8-1/2 month high; cocoa and coffee also rise

India has yet to announce its export policy and there are fears financial support might be limited.
ICE coffee speculators switched to a net short position of 304 contracts in the week ended Nov. 10, cutting 2,906 contracts.

Published 17 Nov, 2020 06:54pm

Companies

Daimler to cooperate with Geely to build engines

Most of the engines will be made in China, Handelsblatt said. The alliance with Geely, which owns a 10% stake in Stuttgart-based Daimler.
the Daimler-Geely pact would save the German carmaker a "triple-digit million sum" .

Published 17 Nov, 2020 06:50pm

World

Biden could name top staff as Trump tries to block transition

Biden's senior campaign staff have been discussing their roles in the transition and the new administration.
The Republican Trump has remained angry and defiant on social media even as some prominent Republicans have asserted that Biden should be considered the president-elect.

Published 17 Nov, 2020 06:47pm

Commodities

Aluminium at highest in nearly 2 years on China demand

Benchmark aluminium on the London Metal Exchange (LME) rose 0.5% to $1,961 a tonne.
The fact that China became a net importer of metals was a valid driver for prices to bottom but the price has skyrocketed since March.

Published 17 Nov, 2020 06:45pm

Currency

Hungary central bank leaves key rates on hold, as expected

Base rate 0.6%, O/N deposit rate -0.05%.
Decision in line with analyst forecasts.
Lower inflation, stronger forint ease pressure on NBH.
Bank to issue policy statement at 1400 GMT.

Published 17 Nov, 2020 06:43pm

Europe

Norway's unemployment jumps to 6.9pc

Unemployment started to rise in early November after falling continously since April.
Every minute during the last week one additional person has registered as unemployed,

Published 17 Nov, 2020 06:41pm

Stocks

Record-high stocks bask in November reign

World stocks at record high on vaccine optimism.
Oil adds to 16% November surge.
Dollar weakens on rising case numbers, yuan rising.

Published 17 Nov, 2020 06:39pm

Pakistan

Govt OKs funding for airline PIA's redundancy scheme

The loss-making carrier has been looking to reduce costs, particularly since the impact of the pandemic.
It was decided to approve, in principal, the voluntary separation from service scheme for PIA.
Employees will be offered an attractive voluntary separation scheme and people would have 14 days to avail (themselves of) the offer.

Published 17 Nov, 2020 06:25pm

Energy

Oil falls back on tightening restrictions despite OPEC+ hopes

OPEC+ panel sees weaker oil demand in 2021, document shows.
Producers weigh oil cut extension.
Moderna vaccine news adds further boost to prices.

Published 17 Nov, 2020 06:18pm

Stocks

Gulf markets ride on vaccine optimism

Dubai market leads gains.
Abu Dhabi rises for 7th straight session.
Qatar benchmark bucks the trend.

Published 17 Nov, 2020 06:03pm

USA

Georgia Secretary of State claims that Republicans have pressured him to toss legal ballots

On Monday, Georgia Secretary of State Brad Raffensperger stated that Republican leaders such as Senator Lindsey Graham have been pressurising him to exclude legal ballots in order for President Trump to be declared the winner from the state, and nab 16 electoral votes in the process.

Updated 17 Nov, 2020 06:18pm

Industry

Malaysia's AirAsia Group reviewing India investment, hints at possible exit

The group said in a statement that its operations in India, like those of its now-shuttered Japan business.
Cost containment and reducing cash burn remain key priorities evident by the recent closure of AirAsia Japan and an ongoing review of our investment in AirAsia India.

Published 17 Nov, 2020 06:00pm

Pakistan

Sindh Investments website gets hacked

The site got hacked after Sindh Education Minister Saeed Ghani ruled out winter vacations in the province.

Published 17 Nov, 2020 05:58pm

Currency

Turkey's central bank to hike policy rate to 15pc in first meeting under Agbal

The central bank had tightened policy since July mainly via backdoor measures as it faced a declining lira and inflation stuck around 12%.
While all economists forecast a rate hike, the estimates ranged between hikes to 12.25% and 16%.

Published 17 Nov, 2020 05:56pm

USA

U.S. Military extracts data targeting Muslims from over 65 million devices worldwide

The United States Military, through a network of innocuous-looking mobile applications and multiple covert data streams, has been extracting an enormous amount of data - notably from a Muslim prayer and Quran application with over 98 million downloads worldwide.

Updated 17 Nov, 2020 05:59pm

Money & Banking

BoE's Bailey urges banks to commit to post-COVID recovery

While the pandemic was unlikely to prompt the huge shifts in Britain's industrial makeup that took place in the 1980s and 1990s.
Bailey warned that authorities would keep an eye on risks from higher debt levels.

Published 17 Nov, 2020 05:50pm

Africa

UN says over 1,000 killed in six months in S.Sudan

Violence has soared in recent months between rival communities, often over cattle raiding which leads to cycles of brutal revenge killings.

Published 17 Nov, 2020 05:49pm

Energy

OPEC+ sees oil cut extension curbing 2021 rise in oil stocks

OPEC+ considering delaying January oil output increase.
Report looks at extending cuts for up to six months.
OPEC+ JMMC panel meeting begins at 1300 GMT.

Published 17 Nov, 2020 05:47pm

World

NATO chief warns of 'high' price of hasty Afghan pullout

Stoltenberg said the price for leaving too soon or in an uncoordinated way could be very high.

Published 17 Nov, 2020 05:48pm

South Asia

China will promote economic growth to a 'reasonable' range: Premier Li

China's factory output rose faster than expected in October and retail sales sped up.
Currently, the domestic and international situation remains complex and severe,

Published 17 Nov, 2020 05:44pm

Stocks

Sri Lankan shares rise as government aims to cut fiscal deficit

The benchmark stock index ended 0.53% higher at 6,108.93.
Sri Lanka's dollar bonds surged after the finance minister's comments, with the July 2021 issue reaching a seven-week high.

Published 17 Nov, 2020 05:42pm

Forex

Sterling edges higher as traders focus on drawn-out Brexit talks

Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week".
Brexit still threatens to be a highly disruptive event to trade, supply chains and the workings of the UK's financial services sector.

Published 17 Nov, 2020 05:34pm

USA

NATO Secretary-General warns of "high price" if American troops leave Afghanistan prematurely

On Tuesday, Jens Stoltenberg, Secretary-General of NATO, warned that the military coalition could pay a heavy price for leaving Afghanistan "too early", after a U.S. official stated that President Trump is expected to withdraw a significant number of American troops from the country in the coming weeks.

Updated 17 Nov, 2020 05:40pm

Exchange

Rupee sheds 13 paisas against US dollar

The buying and selling rates of dollar were recorded at Rs158 and Rs159 respectively.

Published 17 Nov, 2020 05:37pm

Exchange

Pakistan achieves trade surplus of $210 million with Italy in 2019-20

The senior official said that the Pakistan embassy in Italy has also shared the strategy to promote Pakistani products in Italian market.

Published 17 Nov, 2020 05:34pm

Financial

Euro zone bonds react little to recovery fund veto; Italy to sell dollar bond

Yields stable after Hungary, Poland veto recovery fund.
Italy to sell US dollar bond after a year.
ESTR reverses last week's sharp rise.

Published 17 Nov, 2020 05:30pm

Commodities

Soybeans climb to highest since 2016 on US export hopes

Soybeans at new 4-year high, more US export sales expected.
US domestic soybean crush at record high.
Corn rises on strong demand, wheat dips.

Published 17 Nov, 2020 05:25pm

Industry

Walmart beats same-store sales estimates on buoyant online demand

Sales at US stores open at least a year rose 6.4%, excluding fuel, in the third quarter ended Oct. 31.
We think these new customer behaviors will largely persist and we're well positioned to serve customers with the value and experience they're looking for.

Published 17 Nov, 2020 05:23pm

Currency

Brazil central bank to roll over $11.8bn FX swaps

The central bank said it "may recalibrate the amount offered, according to market conditions."
The central bank has sold billions of dollars in the spot market and via FX swaps this year to help support the local currency.

Published 17 Nov, 2020 05:21pm

Currency

Gold eases as vaccine optimism counters rising virus cases

Spot gold fell 0.1% to $1,887.40 per ounce.
US gold futures eased 0.1% to $1,886.20.
Also stemming bullion's downside, the dollar index was down 0.3%.

Published 17 Nov, 2020 05:14pm

Europe

UK PM Johnson under fire over Scottish parliament criticism

The prime minister's Downing Street office later said in a statement that Johnson had "always supported devolution but Tony Blair failed to foresee the rise of separatists in Scotland.

Published 17 Nov, 2020 05:05pm

Pakistan

AJK to impose 15-day lockdown to curb spread of COVID-19

The government will impose a lockdown in all districts simultaneously.

Published 17 Nov, 2020 04:59pm

Europe

Russia sees record daily virus deaths as regions struggle

The total virus fatalities stood at 33,391.

Published 17 Nov, 2020 05:01pm

Europe

Pompeo in Turkey for fraught visit with no official talks

Pompeo had publicly criticised Erdogan's controversial conversion of Istanbul's emblematic Hagia Sophia monument into a mosque in July.

Published 17 Nov, 2020 05:00pm

Pakistan

Sloganeering at Quaid’s tomb: Court adjourns hearing of plea seeking cancellation of Safdar's bail

The hearing was adjourned until November 30, with court directing the applicant’s advocate to forward their arguments on next hearing.

Updated 17 Nov, 2020 04:57pm

Pakistan

Resuming operation: PR issues KCR's train schedule

On Nov 19, the first train will depart from Orangi railway station at 6:30 am for up track while the local train on down track will depart from Marshalling Yard Pipri railway station at 7:00 am

Updated 17 Nov, 2020 04:57pm

Business & Finance

Pakistan’s October FDI witness yearly increase of over 150pc

Country-wise, China emerged as the top investor in Pakistan in October as it invested $228.7mn.

Updated 17 Nov, 2020 04:57pm

World

Trump asked for options to attack Iran’s nuke sites after election loss: Report

The request was made during an Oval Office meeting on Thursday in presence of top national security aides, including Vice President Mike Pence, Secretary of State Mike Pompeo, new acting Defense Secretary Christopher Miller and General Mark Milley, chairman of the Joint Chiefs of Staff, says official.

Updated 17 Nov, 2020 04:54pm

Pakistan

Sindh’s COVID-19 positivity rate jumps over 6pc

As per the Sindh health department, the positivity rate of the COVID-19 is increasing from November 13 with the number of people being diagnosed with the global pandemic.

Updated 17 Nov, 2020 04:44pm

Pakistan

Free and fair polls: Govt to introduce electronic voting in country, announces PM

Imran says we want a latest system where the losing party accepts its defeat

Updated 17 Nov, 2020 04:40pm

Technology

Apple begins testing foldable iPhone: Report

The company is reportedly evaluating between OLED and microLED displays for a folding device.

Updated 17 Nov, 2020 04:40pm

Business & Finance

UK airline EasyJet dives into historic loss on virus

Revenue slumped by a similar proportion to stand at £3.0 billion, EasyJet said in a results statement.

Published 17 Nov, 2020 04:29pm

Europe

Germany 'confident of finding solution' after EU budget veto

The two countries blocked approval on Monday of the EU's 1.8-trillion-euro long-term budget and coronavirus rescue package, plunging the bloc into political crisis.

Published 17 Nov, 2020 04:27pm

Europe

France aiming to start Covid vaccinations in January

In France alone, around 33,500 people are currently in hospital with Covid, of whom nearly 5,000 are in intensive care.

Published 17 Nov, 2020 04:15pm

Pakistan

Saeed Ghani rules out possibility of winter vacations this year in Sindh

“Therefore, there's no question of winter vacations right now,” says Education Minister.

Published 17 Nov, 2020 04:08pm

Pakistan

PM gives approval for advance booking of COVID-19 vaccine

Health secretary says vaccine will be available to 10 million people and initially it will be administered to health workers and people above 65 years of age

Updated 17 Nov, 2020 04:10pm

Pakistan

'Baseless speculation': FO rejects reports claiming Pakistan under pressure to recognize Israel

The Prime Minister had stressed that Pakistan’s policy in this regard was rooted in Quaid-e-Azam’s vision, FO said.

Updated 17 Nov, 2020 03:51pm

Business & Finance

Pakistan's exports to the region fell by 24pc

The country's trade deficit with the regional countries declined during the period, as imports from those countries also declined.

Updated 17 Nov, 2020 03:31pm

Business & Finance

Karachi Circular Railway to restart from Thursday

Initially, the KRC will run from Pipri to Landhi and Orangi Town.

Published 17 Nov, 2020 03:06pm

Technology

Google and Harvard Global Health Partner to Update Worldwide COVID-19 Public Forecasts

Google partners with Harvard Global Health to update COVID-19 public forecasts.

Published 17 Nov, 2020 02:36pm

Exchange

Kingdom has the "right" to develop nuclear weapons if Iran is not stopped, according to Saudi Foreign Minister

According to the Kingdom's Minister of State for Foreign Affairs, Saudi Arabia reserves the right to acquire nuclear weapons if Iran, its main regional adversary, cannot be stopped from making one.

Published 17 Nov, 2020 02:03pm

Industry

Asia hosts 10 of the World’s Busiest Domestic Air Travel Routes this Month

According to the OAG Aviation Worldwide Ltd, 10 of the world’s busiest domestic routes this month are operating in Asia.

Updated 17 Nov, 2020 02:08pm

BR Research

Container congestion stifling exports

As far as book keeping goes, companies keep track of inventories in one of two ways; it’s either first-in,...

Published 17 Nov, 2020 02:00pm

Libor

Racking up Debt for ML-1

Main Line 1 (ML-1) is the most important railway line operated by Pakistan Railways, stretching from Karachi to...

Published 17 Nov, 2020 01:55pm

Exchange

Al-Shaheer Corporation decide to increase share capital by Rs 1bn

The company was set up in 2012 and was soon after listed on the Pakistan Stock Exchange (PSX).

Published 17 Nov, 2020 01:42pm

Technology

Gmail Users Will Now Have More Control Over Their Data

Google is launching new options which will allow users to opt out of Gmail’s data-hungry smart features.

Published 17 Nov, 2020 12:53pm

Technology

Huawei selling its Honor smartphone business to ensure ‘survival’

“Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making activities in the new Honor company,” it said.

Published 17 Nov, 2020 12:51pm

Business & Finance

SBP makes amendments in Guidelines for White Label ATM Operators

Referring to the PSD Circular No 5 dated June 01, 2018, regarding “Guidelines on White Label ATM Operators” (Guidelines). The central bank in order to facilitate WLAOs and to bring more efficiency in cash management and settlement, the following amendments have been made in above Guidelines.

Published 17 Nov, 2020 12:35pm

Pakistan

Gilgit Baltistan Election: PTI leads in counting with nine seats as no party secures majority

In a major upset, the PPP won polls on three seats while PML-N only managed to win two seats. Both parties had earlier won the GB elections with a large margin

Published 17 Nov, 2020 12:02pm

Business & Finance

Turkish Cos keen to establish industrial units in Pakistan to cater construction sector

Speaking at the occasion, Mustafa SAK, President, ADO Group said that they have seen huge potential for investment in Pakistan and they wanted to set up industrial units to produce construction material and products to meet the needs of the local construction industry.

Published 17 Nov, 2020 11:48am

World

WHO reports 65 COVID-19 infections at Geneva HQ since pandemic began

Mike Ryan, WHO’s top emergency expert, said that the Swiss cantons of Geneva, where the U.N. health agency is based, and the adjoining Vaud canton have some of the most intense transmission in the world right now

Published 17 Nov, 2020 11:22am

World

Qatar FM says normalisation undermines Palestinian statehood efforts

Three Arab countries - the United Arab Emirates, Bahrain and Sudan - set aside hostilities with Israel in recent months to agree to formal relations in deals brokered by U.S. President Donald Trump's administration

Published 17 Nov, 2020 11:16am

Pakistan

PDM to go ahead with its rally in Peshawar despite ban on public meetings

PML-N will also hold a public meeting in Mansehra on November 18.

Published 17 Nov, 2020 11:18am

World

Trump poised to settle for partial Afghan withdrawal, despite Pentagon shakeup

A US official says the military was expecting formal orders in the coming days to go down to about 2,500 troops in Afghanistan by early next year from around 4,500 currently

Published 17 Nov, 2020 11:10am

Life & Style

Taylor Swift says her master tapes have been sold off for second time

Then 10-time Grammy winner's first six albums have been sold without her knowledge to an investment fund, denying her royalties and control.

Published 17 Nov, 2020 11:03am

World

Twitter names famed hacker 'Mudge' as head of security

The company on Monday named Peiter Zatko, widely known by his hacker handle Mudge, to the new position of head of security, giving him a broad mandate to recommend changes in structure and practices

Published 17 Nov, 2020 11:04am

Life & Style

First Saudi ladies golf title draws charges of 'sportswashing' the kingdom's image

Crown Prince Mohammed bin Salman has accelerated investment in glitzy sports and entertainment events in a bid to improve Saudi Arabia's reputation.

Updated 17 Nov, 2020 11:02am

USA

Trump poised to settle for partial Afghan withdrawal, despite Pentagon shakeup - sources

President Donald Trump’s new Pentagon team has not yet signalled an imminent withdrawal of all U.S. troops from Afghanistan, raising expectations among U.S. officials and allies that Trump might settle for a partial reduction before leaving office.

Published 17 Nov, 2020 10:59am

World

WHO expresses cautious optimism on COVID-19 vaccine development progress

Moderna, an American biotechnology company, announced on Monday that its coronavirus vaccine is 94.5 percent effective against the virus

Published 17 Nov, 2020 10:32am

Business & Finance

Oil prices edge higher ahead of OPEC+ meeting, vaccine hopes

Brent crude futures for January rose 16 cents, or 0.4%, to $43.98 a barrel by 0104 GMT and U.S. West Texas Intermediate crude for December added 13 cents, or 0.3%, to $41.47 a barrel.

Published 17 Nov, 2020 10:31am

Technology

Solomon Islands to pursue ban on Facebook after government criticism on platform

The government, led by Prime Minister Manasseh Sogavare, told Reuters it would issue a formal statement on its decision later on Tuesday.

Published 17 Nov, 2020 10:21am

Currency

Asia stocks edge higher after vaccine hopes push Wall Street to record highs

Investor sentiment was given a boost when Moderna Inc said its experimental COVID-19 vaccine was 94.5% effective in preventing infection based on interim late-state data.

Published 17 Nov, 2020 10:18am

Companies

Tesla to join S&P 500, spark epic index fund trade

S&P Dow Jones Indices announced that the company would join the S&P 500 index prior to the opening of trading on Dec. 21, potentially in two tranches making it easier for investment funds to digest.

Published 17 Nov, 2020 10:14am

Business & Finance

Vaccine rollout could cause U.S. dollar to fall 20% in 2021: Citi

“When viable, widely distributed vaccines hit the market, we believe that this will catalyze the next leg lower in the structural USD downtrend we expect,” the U.S. bank said in a research note.

Published 17 Nov, 2020 10:11am

Pakistan

Pakistani, Russian commandos skydive without parachutes in joint drills

The helicopters hovered at an altitude of 20 meters in the air while the commandos descended using a special rope.

Updated 17 Nov, 2020 10:07am

Cotton

LSM: postmortem 1Q

It doesn’t take a lot of grey cells to figure out that the growth in Large Scale Manufacturing (LSM) index in...

Published 17 Nov, 2020 07:55am

Currency

Currency games!

The PKR/USD breached 158 level yesterday. Most treasuries were of the view that PKR/USD could cross 170, when it was...

Published 17 Nov, 2020 07:55am

Currency

Autos making up for lost time

Suddenly, the automotive market is in flux. Consumers are once again booking new cars, and not just the traditional...

Published 17 Nov, 2020 07:54am

BR Research

Sizing up industrial electricity relief

The Prime Minister, earlier this month, had announced relief package for industrial electricity consumers amid much...

Published 17 Nov, 2020 07:30am

Currency

Punjab Oil Mills Limited

Punjab Oil Mills Limited (PSX: POML) was established in 1981 as a public limited company.The company manufactures ...

Published 17 Nov, 2020 07:25am

Pakistan

Illegal constructions: LDA demolishes factory, five buildings

LAHORE: In a crackdown against illegal constructions, the Lahore Development Authority (LDA) demolished one factory...

Updated 17 Nov, 2020 03:38am

Pakistan

Country's prosperity top priority, says president

LAHORE: President Dr Arif Alvi said on Monday that the country's prosperity was the top-most priority of the...

Updated 17 Nov, 2020 03:36am

Pakistan

Outside rating areas: Punjab cabinet decides to bring localities under property tax net

LAHORE: The Punjab Cabinet, which met here on Monday with Chief Minister Sardar Usman Buzdar in the chair, decided ...

Updated 17 Nov, 2020 03:36am

Pakistan

G-B polls: Shameful for PTI not to get simple majority: Maryam

LAHORE: Pakistan Muslim League-Nawaz (PML-N) vice-president Maryam Nawaz has said that it is shameful for Pakistan...

Updated 17 Nov, 2020 03:36am

Pakistan

Total coronavirus cases jump to 359,987

ISLAMABAD: Pakistan's total coronavirus cases on Monday evening jumped to 359,987 as Sindh and Azad Jammu and ...

Updated 17 Nov, 2020 03:36am

Pakistan

Khaqan, Miftah and others indicted in LNG case

ISLAMABAD: The Accountability Court Monday indicted former prime minister and senior leader of Pakistan Muslim...

Updated 17 Nov, 2020 03:36am

Pakistan

NA body disposes of Question of Privileges by settling their matters

ISLAMABAD: The National Assembly Standing Committee on Rules of Procedure and Privileges disposed of the Question of...

Updated 17 Nov, 2020 03:36am

Pakistan

Sharjeel for implementation of SOPs for Covid-19

HYDERABAD: MPA Sharjeel Inaam Memon, who is also the focal person for Covid-19 in District Hyderabad, has directed...

Updated 17 Nov, 2020 03:36am

Pakistan

Cantt Railway Station: Substandard drinking water, cigarettes seized

KARACHI: During a surprise inspection of different stalls at Cantonment railway station by the DCO Karachi,...

Updated 17 Nov, 2020 03:36am

Pakistan

Sindh CM tests positive for coronavirus

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has been diagnosed as COVID-19 positive and has gone into home...

Updated 17 Nov, 2020 03:32am

Pakistan

MQM-P rejects allegations

KARACHI: The Muttahida Qaumi Movement-Pakistan (MQM-P) on Monday rejected the allegations leveled against its...

Updated 17 Nov, 2020 03:32am

Pakistan

Kamal demands ban on MQM Pakistan

KARACHI: Pak Sarzameen Party Chairman Syed Mustafa Kamal on Monday demanded a complete ban on MQM Pakistan. The...

Updated 17 Nov, 2020 03:32am

Pakistan

Toshakhana reference: Zardari's petition for transfer declared 'Not Entertainable'

ISLAMABAD: Former president Asif Ali Zardari prayed before the Supreme Court to set aside the Registrar Office's...

Updated 17 Nov, 2020 03:32am

Pakistan

G-B people rejected PDM narrative: Shibli

ISLAMABAD: Opposition-led Pakistan Democratic Movement (PDM) could not gain the trust Gilgit-Baltistan (G-B) people,...

Updated 17 Nov, 2020 03:32am

Pakistan

Justice Qaiser sworn in as PHC acting CJ

PESHAWAR: Justice Qaisar Rasheed Khan took oath as acting Chief Justice of the Peshawar High Court at a ceremony ...

Updated 17 Nov, 2020 03:32am

Pakistan

Covid-19: Private school sealed in Khyber district

PESHAWAR: A private school was sealed by local administration in the Shalober area of sub-division of Bara, Khyber...

Updated 17 Nov, 2020 03:32am

Pakistan

PTI victory in G-B polls: Bilawal claims his election has been stolen

ISLAMABAD: After victory of Pakistan Tehreek-e-Insaf (PTI) in Gilgit-Baltistan (G-B) elections, the Pakistan Peoples...

Updated 17 Nov, 2020 03:30am

Pakistan

G-B elections: PML-N accuses PTI govt of rigging, bullying

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) on Monday rejected the results of Gilgit-Baltistan Legislative...

Updated 17 Nov, 2020 03:30am

Pakistan

School built through USAID's support inaugurated

KARACHI: Students in Cattle Colony get a new school under the long-running active partnership between the United...

Updated 17 Nov, 2020 03:30am

Pakistan

The Weather

KARACHI: The weather report on Monday (November 16, 2020) and the forecast for Tuesday (November 17, 2020)....

Updated 17 Nov, 2020 03:26am

Stocks

Japan shares hit 29-year high

TOKYO: Japanese stocks touched a 29-year high on Monday after the economy posted its first expansion in four ...

Updated 17 Nov, 2020 03:24am

Stocks

Abu Dhabi leads most Gulf markets higher

• SEC to convert $45bn in govt liabilities into perpetual instrument DUBAI: Most Gulf markets rose on Monday, ...

Updated 17 Nov, 2020 03:24am

Stocks

Monday's early trade: Dow hits record high as Moderna soars

NEW YORK: The Dow hit a record high on Monday after Moderna became the second US company in a week to report ...

Updated 17 Nov, 2020 03:24am

Energy

Hike in Saudi Aramco CP to hit local market

ISLAMABAD: A significant increase in Saudi Aramco Contract Price (CP) will lead to increase in the prices of ...

Updated 17 Nov, 2020 03:24am

Energy

Oil jumps 4 percent on latest Covid-19 vaccine progress

• OPEC+ October supply cut compliance seen at 96pc • China crude throughput hits record high in October ...

Updated 17 Nov, 2020 03:24am

Energy

US natural gas up on record LNG exports

NEW YORK: US natural gas futures gained less than 1% on Friday as liquefied natural gas (LNG) exports continued to...

Updated 17 Nov, 2020 03:24am

Commodities

Palm oil ends lower for second day

KUALA LUMPUR: Malaysian palm oil futures ended lower on Monday, declining for a second straight session on signs of ...

Updated 17 Nov, 2020 03:24am

Commodities

Copper hits 2-1/2 years high

LONDON: Copper powered to a 29-month peak on Monday after higher than expected factory output in China reinforced...

Updated 17 Nov, 2020 03:24am

Commodities

Tokyo rubber futures up

TOKYO: Japanese rubber futures rose more than 1% on Monday, buoyed by strong third-quarter economic growth numbers ...

Updated 17 Nov, 2020 03:24am

Industry

China's consumer spending picks up in October

BEIJING: China's retail sales continued a general recovery in October, official data showed Monday, on the back of a...

Updated 17 Nov, 2020 03:21am

Industry

Country achieves nearly $200 million business in a year despite Covid-19: PRGMEA

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Monday said that the...

Updated 17 Nov, 2020 03:21am

Currency

Daily FX volumes dip 4 percent in October

LONDON: Average daily foreign exchange trading volumes dropped 4% in October from a year earlier, led by a notable...

Updated 17 Nov, 2020 03:21am

Currency

Early trade in New York: Dollar treads water after fresh virus vaccine news

NEW YORK: The dollar treaded water early Monday after Moderna Inc became the second US company in a week to report...

Updated 17 Nov, 2020 03:21am

Currency

Euro rises in Europe

LONDON: The euro inched higher on Monday, as investors began the week in a relatively upbeat mood after strong...

Updated 17 Nov, 2020 03:21am

Middle East

Syria's foreign minister dies

DAMASCUS: Syrian Foreign Minister Walid Muallem, a stalwart of Bashar al-Assad's regime who held his job through a...

Updated 17 Nov, 2020 03:16am

Europe

Man charged with spying for Egypt while working for Merkel

BERLIN: A man who worked in German Chancellor Angela Merkel's press office has been charged with spying for Egypt,...

Updated 17 Nov, 2020 03:16am

Europe

UK PM insists he's fighting fit despite order to self-isolate

LONDON: British Prime Minister Boris Johnson, who survived intensive care after contracting Covid-19 earlier this...

Updated 17 Nov, 2020 03:16am

World

US spied on Danish, European defence industries

COPENHAGEN: Seven years after the Edward Snowden scandal, new allegations that the US spied on close allies have...

Updated 17 Nov, 2020 03:16am

World

Macron says UNSC out of 'useful solutions'

PARIS: French President Emmanuel Macron said the UN Security Council no longer provides good solutions to global...

Updated 17 Nov, 2020 03:16am

World

Trump may settle for partial Afghan withdrawal, despite Pentagon shakeup

WASHINGTON: President Donald Trump's new Pentagon leadership team has not yet signalled an imminent, total ...

Updated 17 Nov, 2020 03:16am

Life & Style

Aaj TV - Tuesday'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...