News Archives for Latest - 2020-11-18

Pakistan

Prime Minister Imran Khan meets President Ashraf Ghani

They will discuss strengthening of bilateral ties⁦, improved regional connectivity, economic development and strategies to curb the escalating violence.

Updated 19 Nov, 2020 01:34pm

Stocks

TSX gains on energy boost

The energy sector climbed 2.3% as US crude prices were up 0.8% a barrel, while Brent crude added 1.3%.
the Toronto Stock Exchange's S&P/TSX composite index was up 18.84 points, or 0.11%, at 16,966.9.

Published 18 Nov, 2020 09:20pm

Forex

Dollar falls for 5th day as vaccine hopes outweigh spike in COVID cases

Pfizer COVID-19 vaccine trial shows 95% effective.
Dollar index edges down to more than one-week low.
Bitcoin surges above $18,000, but last down on the day.
Euro ticks up, investor ignore EU recovery fund hurdles.
Sterling gains on Brexit developments.

Published 18 Nov, 2020 09:19pm

Stocks

S&P 500 flat as vaccine bets offset surging coronavirus cases; Boeing rises

Boeing surges on 737 MAX jet approval.
Pfizer gains on improved final vaccine trial data.
Lowe's slides after forecast disappoints.
Target, TJX rise as results beat.
Indexes: Dow up 0.2%, S&P flat, Nasdaq down 0.3%.

Published 18 Nov, 2020 09:18pm

Forex

Sterling pushed up by weaker US dollar, hopes of Brexit deal

The EU's Trade Commissioner Valdis Dombrovskis said on Wednesday that Britain and the bloc were in the last moments to reach a trade deal.
British inflation picked up by a little more than expected in October, pushed higher by prices for clothing and footwear and food.

Published 18 Nov, 2020 09:17pm

Technology

Apple to lower App Store fees for smaller developers

Apple takes a 30% cut of most purchases made on the App Store, although the commission drops to 15% for subscriptions that remain active for more than a year.
The App Store generated $59.3 billion from gross consumer spending in the first 10 months of 2020.

Published 18 Nov, 2020 09:14pm

Pakistan

COVID-19 resurge: Punjab government imposes smart lockdown in six cities

The lockdown has been imposed in COVID-19 hotspots to curb the spread of the deadly virus, read the notification.

Updated 18 Nov, 2020 09:14pm

Money & Banking

Goldman Sachs says commodities poised for bull market

The bank forecast a return of about 27% over a 12-month period on the S&P/Goldman Sachs Commodity Index
The bank maintained its 3, 6 and 12 month targets for gold and silver at $2,300 and $30 an ounce respectively,

Published 18 Nov, 2020 09:12pm

World

US imposes fresh Iran-related sanctions, targets Khamenei-linked foundation

The sanctions imposed by the US Treasury Department marked the latest action to reinforce the "maximum pressure" campaign on Tehran.
Iran's Supreme Leader uses Bonyad Mostazafan to reward his allies under the pretense of charity.

Published 18 Nov, 2020 09:10pm

Industry

S&P upgrades Sweden's Ericsson to 'BBB-' with stable outlook

S&P, whose previous rating on the Swedish firm was BB+
We expect Ericsson's annual reported free operating cash flow after lease payments will increase to about 10 billion Swedish crowns in 2020.

Updated 18 Nov, 2020 09:10pm

USA

Senator McConnell reiterates that there will be an "orderly" transfer of power

On Tuesday, Senate Majority Leader Mitch McConnell being faced with questions pertaining to the government's transition process towards a Biden Administration, stated that a transfer of power will happen on time.

Updated 18 Nov, 2020 07:58pm

Pakistan

Education minister shares schedule for extended winter vacations amid COVID-19 resurge

He suggested to close educational institutes in the country from November 24 to January 31 for winter vacations.

Updated 18 Nov, 2020 07:55pm

Currency

Erdogan whip-saws lira ahead of key central bank decision

We have to be much more careful on this point and not allow our investors to be crushed by high interest rates.
Our aim is to reach single-digit inflation right away by maintaining fiscal discipline (and) implementing structural and micro reforms" focused on growth and employment.

Published 18 Nov, 2020 07:48pm

Forex

Dollar under pressure as vaccine hopes get tested

Pfizer COVID-19 vaccine trial shows 95% effective.
Dollar edges down to November 9 lows.
Bitcoin surges above $18,000.
Euro ticks up, investor ignore EU recovery fund hurdles.
Yen recoups over half of vaccine-driven losses.

Published 18 Nov, 2020 07:46pm

Stocks

Saudi, Dubai shares gain; Abu Dhabi declines

Saudi shares erase losses seen in morning trade.
Abu Dhabi breaks 7-session winning run.
Financial stocks boost Qatar benchmark.

Published 18 Nov, 2020 07:45pm

Energy

US natgas futures rise 2pc on cooler weather forecasts

The price increased despite a steady rise in daily output to a near seven-month high.
So far in November, production has averaged 89.6 bcfd, up from a five-month low of 87.4 bcfd in October.

Published 18 Nov, 2020 07:43pm

Pakistan

"Removal and Blocking of Unlawful Content" Rules now in effect in Pakistan

As part of the Prevention of Electronic Crimes Act (2016), Pakistan's rules which would effectively govern social media platforms - known as the Removal and Blocking of Unlawful Content (Procedure, Oversight and Safeguards) Rules, 2020 - are officially in effect as of today.

Updated 18 Nov, 2020 07:44pm

USA

Canadian homes prices rise again in record October

The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes.
Prices were up 2.7% in the capital region of Ottawa-Gatineau and 2.1% in Hamilton.

Published 18 Nov, 2020 07:41pm

Commodities

Gold slips on Pfizer boost to risk appetite

Pfizer to apply for emergency US authorization for vaccine.
Platinum market seen in deficit this year and next - WPIC.
Fed's Powell says "long way to go" for economy to recover.

Published 18 Nov, 2020 07:38pm

Energy

Saudi crude exports rise to 6.07mn bpd in September: JODI

The country's crude output was at 8.98 million bpd in September.
The country's total oil product demand fell by 168,000 bpd in September to 2.38 million bpd.

Published 18 Nov, 2020 07:33pm

Exchange

Iraq, Saudi Arabia border crossing opens for trade, first time since 1990

Arar has been closed since 1990 after the two countries cut ties following Saddam Hussein's invasion of Kuwait.
Riyadh has been wooing Baghdad as part of an effort to stem the growing regional influence of Iran.

Published 18 Nov, 2020 07:31pm

Industry

General Motors launches use-based auto insurance with OnStar vehicle data

The new auto policy is aimed at tailoring insurance rates to consumers based on individual driving behavior and use of vehicle safety systems.
GM said it will use data from its on-board concierge device OnStar, which connects drivers to human operators who help with navigation or emergencies.

Published 18 Nov, 2020 07:29pm

Companies

Pfizer says analysis shows 3.8pc of participants experienced fatigue

It said the updated analysis was based on 8,000 trial participants.
Pfizer also added that there was a second adverse event with a frequency of at least 2% in the trial.

Published 18 Nov, 2020 07:27pm

Commodities

Soy up 12-13 cents; corn, wheat up 3-4 cents

Russia is considering further measures to preserve domestic wheat stocks, which could limit global supply.
Export demand, primarily from China, continues to drive the rally, as the global stocks outlook remains tight.

Published 18 Nov, 2020 07:25pm

Money & Banking

DBS faces potential culture clash as it scoops up distressed Indian lender

LVB, facing mounting bad loans and governance issues and a failure to secure capital.
The plan will accelerate Singapore-based DBS's expansion ambitions in India and potentially transform it from a largely digital bank in the country to one with hundreds of branches.

Updated 18 Nov, 2020 07:25pm

Pakistan

Pakistan, India to witness prolong winter this year: experts

Winter in Punjab, Northern Sindh, and Northern Balochistan expected to be longer and more severe this year, that is according to Mahesh Palawat, Skymet Weather's vice-president.

Updated 18 Nov, 2020 07:15pm

Money & Banking

UBS banks on hybrid digital platform to boost millionaire business

The Swiss company's focus on technology is expected to increase in its core private banking business in an effort to boost revenue growth while managing costs.
Since launching in Switzerland, we've never seen so many non-clients reaching out to us.

Published 18 Nov, 2020 06:39pm

Financial

German Bund yield dips to 1-1/2 week low, bonds underpinned by ECB outlook

Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the pandemic.
Germany's benchmark 10-year bond yield was steady at -0.56%, having dipped in early trade to its lowest level in 1-1/2 weeks at -0.579%.

Published 18 Nov, 2020 06:39pm

Money & Banking

Plan to nationalise South Africa's central bank sends 'negative signal': Treasury

The issue is, how can we give assurance that this bill will stop at ownership and won't go and deal with the mandate and independence of the SARB.
The mere perception that this may happen in the future already sends a powerful negative signal to investors ... on how monetary policy will function in the future,

Published 18 Nov, 2020 06:33pm

Commodities

Soybeans edge higher on strong demand and weather concerns

South America's crop weather continues to bolster prices.
The most active soybean contract on the Chicago Board of Trade was up 0.4% at $11.74-1/2 a bushel.

Published 18 Nov, 2020 06:31pm

Companies

German carmakers welcome electric car support, see challenges

Daimler, Volkswagen say measures will help.
BMW says more charging points needed.
BMW, VDA want door left open for conventional engines.
Utilities do not want to build all chargers alone.

Published 18 Nov, 2020 06:29pm

Money & Banking

Britain's Lloyds resumes plan to close 56 branches

Lloyds had shelved the 56 branch closures earlier in the COVID-19 pandemic to focus resources on helping staff.
We paused these closures due to the COVID-19 pandemic and, after careful consideration, these planned closures will take place in March and April 2021.

Published 18 Nov, 2020 06:27pm

Exchange

China's Nanjing Iron & Steel to invest in coke project in Indonesia

The plant will have capacity for 2.6 million tonnes a year, the company said in a filing to the Shanghai Stock Exchange.
Dalian coke futures have climbed more than 35% this year as Chinese capacity has been put under pressure.

Published 18 Nov, 2020 06:22pm

Middle East

Iran warns of "crushing response" after President Trump hastily calls off military strike

On Tuesday, the Iranian government warned that any attack by the United States would face a "crushing response", following reports that President had to be narrowly dissuaded from launching a military strike against Iran in the final months of his administration.

Updated 18 Nov, 2020 06:27pm

Currency

BoE's Haldane sees ‘materially brighter’ outlook for 2021

Britain's economy shrank by almost 20% in the second quarter of 2020 - more than any of its peers - and at the end of September it was still 8.4% smaller than it was a year earlier.
The three R's - recovery, rebalancing, revitalisation - are more important than ever.

Published 18 Nov, 2020 06:20pm

Stocks

Sri Lankan shares close flat as industrials weigh

The benchmark stock index ended 0.01% lower at 6,108.22, after rising to 6,143.34 during the session.
Conglomerate Richard Pieris and Company PLC slid 3.9% to its lowest since Nov. 5.

Published 18 Nov, 2020 06:17pm

South Asia

Hundreds sign up for Delhi race as it battles coronavirus surge, pollution

The organiser said, despite concerns over the Indian capital's toxic air.
The Indian capital is also grappling with a surge in coronavirus infections this month fuelled by large crowds at religious festivals.

Published 18 Nov, 2020 06:13pm

Commodities

Zinc leaps on mine shutdown, tightening LME market

Benchmark zinc on the LME was up 2% at $2,743.50 a tonne.
The metal used to galvanize steel has risen more than 60%.

Published 18 Nov, 2020 06:08pm

Currency

Pfizer ends its COVID-19 vaccine trial with a 95pc success rate

The vaccine's efficacy rate, the highest of any candidate in late-stage clinical trials so far.
"The data is very strong," said Ian Jones, a professor of virology at Britain's University of Reading. "It's looking like a really contender."

Published 18 Nov, 2020 06:05pm

Pakistan

Sindh reports over 1100 COVID-19 cases in past 24 hours

“The province recorded 1,127 cases of COVID-19 during the last 24 hours,” said the chief minister Murad Ali Shah while disclosing an alarming increase in the virus cases.

Updated 18 Nov, 2020 06:05pm

Middle East

Israel, Bahrain agree to open embassies

I was pleased to convey to Minister Ashkenazi the Kingdom of Bahrain's formal request to open an embassy in Israel.
Israeli and Bahrani officials signed several memoranda of understanding in October in Manama covering trade, air services, telecommunications, finance, banking and agriculture.

Published 18 Nov, 2020 05:58pm

Stocks

World stocks edge higher, dollar off lows on fresh Pfizer vaccine boost

MSCI World index up 0.1%, just off record high.
US stock futures up 0.3%.
Dollar dips to Nov. 9 lows against basket of currencies.

Published 18 Nov, 2020 05:57pm

Pakistan

PR defers resumption of KCR services on 14-km long route

Sheikh Rasheed says the KCR could not be resumed rom City Station to Orangi Town due to the issue of level crossings and renovation of stations

Published 18 Nov, 2020 05:47pm

Industry

FAA chief '100pc confident' of 737 MAX safety as flights to resume

Dickson on Wednesday signed an order to allow the best-selling plane to resume flights after it was grounded worldwide.
We've done everything humanly possible to make sure" these types of crashes do not happen again.

Published 18 Nov, 2020 05:54pm

Commodities

NY cocoa climbs to 7-week high, coffee also up

March New York cocoa was up $5, or 0.2%, at $2,522 a tonne.
January robusta coffee rose $21, or 1.5%, to $1,437 a tonne.
March arabica coffee rose 1.35 cents, or 1.1%, to $1.2085 per lb after climbing to a two-month high of $1.2115.

Published 18 Nov, 2020 05:51pm

Europe

EU recommends use of COVID rapid tests after symptoms emerge

Rapid antigen kits are less precise than standard PCR (polymerase chain reaction) tests.
Rapid antigen tests should be used within five days after the onset of symptoms or within seven days after exposure to a confirmed COVID-19 case.

Published 18 Nov, 2020 05:42pm

Pakistan

NAB files reference against PML-N’s Ahsan Iqbal

The reference was filled by Bureau’s Rawalpindi office, nominating former minister of PML-N, former director-general (DG) Akhtar Nawaz and Sarfraz Rasool, Asif Shaikh and Muhammad Ahmed among accused.

Updated 18 Nov, 2020 05:42pm

Exchange

SECP approves launch of first P2P Lending Platform in its Regulatory Sandbox

The P2P lending helps the borrowers give out short-term loans that enable the SMEs to scale up their business, eventually qualifying them to take bigger bank loans.

Published 18 Nov, 2020 04:57pm

Technology

Facebook increasing AI usage for content moderation

While there are still around 15,000 human reviewers across over 50 time zones, Artificial Intelligence (AI) now primarily helps in proactively removing content which goes against Facebook’s policies.

Published 18 Nov, 2020 04:53pm

Pakistan

IHC dismisses petition challenging ban on indoor events

NCOC has banned indoor weddings from November 20.

Published 18 Nov, 2020 04:30pm

Pakistan

Court hears petition challenging law exempting side mirrors on motorcycles in Sindh

Justice Muhammad Ali Mazhar-led two member bench heard the petition, where applicant’s advocate stated before the court that the Sindh Government brought in a law exempting side mirrors on bikes.

Updated 18 Nov, 2020 04:21pm

Industry

Faisalabad's Industry Evidence of A Stark Turn-Around: Hammad Azhar

With the Prime Minister Imran Khan visiting Faisalabad today, the Minister for Industries & Production sets the context by explaining the stark turn-around Faisalabad's Industry has achieved under the Naya Pakistan Government.

Published 18 Nov, 2020 04:05pm

Former president Zardari called killing of Osama bin Laden "Good News", reveals Barack Obama

Former American president says despite realizing the fact that the operation violated the sovereignty of Pakistan, he instructed the US Army to strike al-Qaeda leader in Abbottabad

Published 18 Nov, 2020 04:09pm

Currency

Public issues: Govt to implement Local Govt system in cities, says PM

Imran says a larger current account deficit will impact more pressure on a country's currency and will also increase inflation

Updated 18 Nov, 2020 04:08pm

Currency

ADB raises over $11mn in First Issue of Pakistan Rupee-Linked Bonds

The international bond issue pays a 7.50% semi-annual coupon and matures in August 2023. The bonds were arranged by Citigroup Global Markets and sold to European asset managers.

Published 18 Nov, 2020 03:47pm

USA

Michigan county Board of Canvassers unanimously certify election results

On Tuesday, the board of canvassers in Michigan's largest county voted to unanimously certify the election results after initially being deadlocked in a party-line vote.

Updated 18 Nov, 2020 03:46pm

Technology

Google Chrome Gets Its Largest Performance Boost in Years

Google has made major performance enhancements to its Google Chrome browser this year with this month's update being the largest gain the browsers performance in years.

Published 18 Nov, 2020 03:00pm

Pakistan

Lahore administration recommends smart lockdown in more areas

It has submitted a request to the Punjab Health Department.

Updated 18 Nov, 2020 03:13pm

Exchange

PSX eyeing to enhance Circuit Breakers and Market Halt

Enhancement of scrip based Circuit Breakers was implemented in a phased manner along with the introduction of an index-based market halt in January 2020.

Published 18 Nov, 2020 03:05pm

Pakistan

Qatar air force commander calls on COAS Bajwa, Naval Chief

During the meeting, maters of mutual and professional interest and regional security situation were discussed.

Published 18 Nov, 2020 02:49pm

Middle East

Violent clashes between warring factions kill 50 fighters in Southern Yemen

On Tuesday, there was an intense outbreak of violence between Emirati-backed separatists and the country's internationally-recognized government killed nearly 50 fighters on both sides.

Updated 18 Nov, 2020 02:41pm

Business & Finance

Finance Adviser Shaikh urges on improving governance

Shaikh said that despite the Coronavirus pandemic, the Pakistani economy performed positively, the government distributed financial assistance to the beneficiaries under the Ehsas program and provided a special package for the business community to mitigate the COVID-19 impact.

Published 18 Nov, 2020 02:22pm

Pakistan

US excuses providing COVID-19 vaccine to Pakistan in first phase: report

The mission has conveyed the response to the federal government, while Ministry of Foreign Affairs informed the health ministry about the reply from the US.

Updated 18 Nov, 2020 02:23pm

World

Australian envoy's visit to RSS headquarters stirs controversy, draws widespread condemnation

Former Australian Senator Lee Rhiannon terms visit as "deeply shameful" while minorities living in Australia have demanded resignation from O'Farrell

Published 18 Nov, 2020 02:19pm

Industry

BMW Motorcycles are Launching in Pakistan

BMW is finally launching its motorcycles in Pakistan with Deewan Motors.

Published 18 Nov, 2020 02:19pm

Sports

England confirms Pakistan tour in October 2021

“This will be first time since 2005 that an England team has toured Pakistan and, as such, it represents a significant moment for both nations,” says Tom Harrison.

Published 18 Nov, 2020 01:54pm

World

Trump fires top U.S. election cybersecurity official who defended vote

Trump accused Chris Krebs without evidence of making a highly inaccurate statement affirming the Nov. 3 election was secure and rejecting claims of fraud.

Published 18 Nov, 2020 01:51pm

World

Iran feeds uranium gas into advanced centrifuges underground - IAEA report

The move is the latest breach by Iran of its nuclear deal with major powers, which says it can only accumulate enriched uranium with first-generation IR-1 machines and those are the only ones it can operate at the underground plant.

Updated 18 Nov, 2020 01:53pm

Exchange

The State of Pakistan's Economy: Prudent policies kept economy on stabilization path

According to the report, following difficult but necessary stabilization efforts during the first nine months of the fiscal year, Pakistan’s economy was well on course for a steady recovery on the eve of the Covid-19 pandemic.

Updated 18 Nov, 2020 01:31pm

Pakistan

Sloganeering case: Court quashes FIR against Maryam Nawaz, Safdar

The Judicial Magistrate quashed the case in wake of submission of a challan that declared the FIR as “fake”

Published 18 Nov, 2020 01:17pm

World

First time in history: New Zealand all set to introduce hijab in police uniform

Constable Zeena Ali, who joined the force in the wake of the 2019 Christchurch terror attacks, will be the first officer in the history to wear the police-issued hijab

Published 18 Nov, 2020 12:44pm

Pakistan

Dr Pervez Chaudhry removed as head of surgery at Karachi's NICVD

Dr Asad Bilal Awan Associate Professor of Cardiac Surgery, has been given additional charge as Acting Head of Cardiac Surgery Department with immediate effect.

Updated 18 Nov, 2020 12:30pm

USA

President Trump orders withdrawal of 2000 American troops from Afghanistan by early January

President Trump has ordered the Pentagon to withdraw 2500 troops from Afghanistan and Iraq by mid-January, despite the repeated warnings from NATO and the intelligence community.

Updated 18 Nov, 2020 12:07pm

Business & Finance

Trade body urges Pakistani industrialists to fill the trade gap with African region

Africa is a vast sea of trade with exports of trillions of dollars, he said.
Under the Look Africa policy, the present Pakistani government has focused on the African continent and as a result, exports have increased by 15 percent.

Published 18 Nov, 2020 11:57am

Technology

Twitter launches ‘Fleets’ its own disappearing tweets feature

“Some of you tell us that tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up retweets and likes,” Twitter’s design director, Joshua Harris, and product manager, Sam Haveson, wrote in a blog post.

Published 18 Nov, 2020 11:26am

World

India's Modi calls Biden to advance strategic ties

Modi’s critics say the prime minister had come dangerously close to endorsing Trump’s candidature, which they said could hurt India’s prospects under a Democratic administration

Published 18 Nov, 2020 11:19am

Pakistan

Shabbar Zaidi dismisses ‘fake messages’ on social media, offers support to PM Khan

“I reiterate that IK supported me in all my actions. We all should come forward in helping him for eradicating Mafias in this country,” he tweeted.

Updated 18 Nov, 2020 11:19am

Currency

State Bank allows Non-Resident Pakistani to open FCVA, NRVA

“A non-resident individual Pakistani” is eligible to open a Foreign Currency Value Account (FCVA). It is clarified that an individual non-resident, holding Pakistan Origin Card (POC) is also eligible to open FCVA."

Published 18 Nov, 2020 10:54am

Pakistan

Park Lane case: Zardari exempted from personal appearance

Zardari's counsel demanded that the case be put off as the former president is unable to come to Islamabad due to cases in Karachi

Updated 18 Nov, 2020 10:55am

Pakistan

954 more people have recovered from COVID-19

The country also reported 2,208 cases and 37 deaths in the past 24 hours.

Published 18 Nov, 2020 10:19am

Companies

Amazon launches online pharmacy in new contest with drug retail

The move builds on the web retailer’s 2018 acquisition of PillPack, which Amazon said will remain separate for customers needing pre-sorted doses of multiple drugs.

Published 18 Nov, 2020 10:14am

Kerb

Facebook's Zuckerberg says Kenosha post did not violate 'call to arms' policy

“My understanding is that that post did not necessarily violate that call to arms policy at the time,” said Zuckerberg, referring to the Kenosha Guard’s calls for people to “take up arms” and defend the city from “evil thugs.”

Published 18 Nov, 2020 10:12am

Business & Finance

Euro zone economy likely already in double-dip recession: Reuters poll

As most of Europe grapples with a resurgence in coronavirus cases, forecasters who last month predicted the recovery would continue now expect the euro zone economy to shrink 2.5% this quarter after expanding a record 12.6% in Q3.

Published 18 Nov, 2020 10:10am

Business & Finance

World shares slip after U.S. retail sales dampen vaccine euphoria

“Given the rapid gains over the last 10 days or so, a correction was inevitable,” said Hirokazu Kabeya, chief global strategist at Daiwa Securities.

Published 18 Nov, 2020 10:08am

Business & Finance

Unilever sets 1 billion euro sales target for meat, dairy alternatives

The target supposes a quintupling of the business, said Hanneke Faber, president of Unilever’s foods and refreshment business.

Published 18 Nov, 2020 10:02am

Mutual Funds

Atlas Battery Limited

Atlas Battery Limited (PSX: ATBA) was established in 1966 as a public limited company. It manufactures and sells...

Published 18 Nov, 2020 07:45am

BR Research

FDI: new data, old story

What should one make out of 9 percent increase in net foreign direct investment in the four months ending October...

Published 18 Nov, 2020 07:40am

BR Research

Ides of March

Fortune favors the brave. And the pandemic, which has humbled the brawny and the brainy alike, apparently favors the...

Published 18 Nov, 2020 07:35am

Currency

Petroleum prices offer revenue cushion

Things have lately been falling well in place for the government be it remittances, current account, rupee dollar...

Published 18 Nov, 2020 07:30am

Currency

Car prices: One-way traffic!

Since Jan-18, car prices increase in almost all the models of three Japanese players is higher than the PKR...

Published 18 Nov, 2020 07:25am

Pakistan

TLP workers, office-bearers released

ISLAMABAD: The district administration on Tuesday released 77 workers and office-bearers of Tehreek-e-Labbaik...

Updated 18 Nov, 2020 04:42am

Pakistan

Toshakhana case: Zardari’s counsel’s plea to adjourn hearing rejected

ISLAMABAD: The Accountability Court Islamabad on Tuesday rejected counsel’s plea of former president Asif Ali...

Updated 18 Nov, 2020 04:41am

Pakistan

Indian plane makes emergency landing at Karachi airport

KARACHI: An Indian plane has made an emergency landing at the Jinnah International Airport after a passenger’s...

Updated 18 Nov, 2020 04:40am

Pakistan

Country’s progress linked with Balochistan: Army chief

KARACHI: Chief of Army Staff General Qamar Javed Bajwa on Tuesday visited Quetta where he interacted with...

Updated 18 Nov, 2020 04:39am

Pakistan

G-B elections: Bilawal, Maryam condemn ‘rigging’

ISLAMABAD: Pakistan People’s Party (PPP) chairman Bilawal Bhutto-Zardari and Maryam Safdar the two vocal critics ...

Updated 18 Nov, 2020 04:39am

Pakistan

Coronavirus: Second wave could be more dangerous: PBIF chief

KARACHI: Chairman of National Business Group and President Pakistan Businessmen and Intellectuals Forum Mian Zahid...

Updated 18 Nov, 2020 04:39am

Export of poultry products: Duty drawback facility allowed

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed duty drawback facility on the export of poultry products...

Updated 18 Nov, 2020 04:37am

NA body passes CPEC Authority (Amendment) Bill 2020

ISLAMABAD: The National Assembly Standing Committee on Planning, Development and Special Initiatives has approved...

Updated 18 Nov, 2020 04:36am

PM talks of electoral reforms

ISLAMABAD: Prime Minister Imran Khan has announced to introduce electronic voting in the country by using the NADRA...

Updated 18 Nov, 2020 04:36am

DSJs delegated powers to check smuggling

ISLAMABAD: The Federal Cabinet on Tuesday approved the delegation of legal powers to the District and Sessions ...

Updated 18 Nov, 2020 04:36am

Sports

BD cricket star Shakib threatened over Hindu ceremony

DHAKA: Star Bangladesh cricketer Shakib Al Hasan has been forced to make a public apology after receiving Islamist...

Updated 18 Nov, 2020 04:35am

Business & Finance

US retail sales slow

WASHINGTON: US retail sales increased less than expected in October and could slow further, restrained by spiraling...

Updated 18 Nov, 2020 04:34am

Biden, too, seeks to counter China’s influence

WASHINGTON: US Pres-ident-elect Joe Biden said on Monday the United States needed to negotiate with allies to set...

Updated 18 Nov, 2020 04:34am

PDM rejects ban on public meetings

ISLAMABAD: The Pakistan Democratic Movement (PDM) on Tuesday agreed to a 12-point “Charter of Pakistan” as the...

Updated 18 Nov, 2020 04:33am

GSP+ scheme of EU: Country faces prospect of suspension

ISLAMABAD: Pakistan may reportedly face possible suspension of trade incentives available under Generalized System ...

Updated 18 Nov, 2020 04:32am

PSO rejects accusations

KARACHI: This is apropos a news item “PSO accused of succumbing to global oil mafia” carried by Business ...

Updated 18 Nov, 2020 04:32am

Dialogue begins on trade, APTTA, PTA

ISLAMABAD: The Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood led an official delegation ...

Updated 18 Nov, 2020 04:31am

Circular debt top problem: Power sector facing governance issues, NA panel told

ISLAMABAD: The federal government Tuesday said the country's power sector was facing governance issues and circular...

Updated 18 Nov, 2020 04:31am

Opinion

The rich owe $5.7trn to the poor!

Recalling the promise, world’s richest countries made on 24 October 1970 through a landmark UN resolution, to give...