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Archive - 2020-12-03
Revolution in chipsets! What is MediaTek bringing for Pakistan?
Technology

Revolution in chipsets! What is MediaTek bringing for Pakistan?

Pakistan has a population of over 200M and an annual smartphone market size of around 12M units which shall double soon looking at smartphone users. There is a need to boost the telecom sector in Pakistan and increase local manufacturing to meet the increased demand for better speed and faster network. With the increase in the push towards enabling local design and manufacturing companies in Pakistan, MediaTek’s contribution shall be seen in the coming year.
Updated 07 Dec, 2020 03:56pm
Pakistani flights denied by EU once again
Pakistan

Pakistani flights denied by EU once again

In June, the European Union Aviation Safety Agency (EASA) had banned the national flag carrier from flying to European locations over safety concerns. The EASA took the initiative days after PIA grounded several pilots over "dubious qualifications licenses" and in view of the PIA Airbus crash incident on May 22.
Updated 03 Dec, 2020 08:05pm
Forex figure $ 20.24108bn
Pakistan

Forex figure $ 20.24108bn

  • SBP’s weekly statement issued here on Thursday said that on Nov.27, the foreign reserves holding by State Bank amounted $ 13,110.9 million.
Published 03 Dec, 2020 07:19pm
Bahrain open to imports from Israeli settlements, Palestinians fume
Asia

Bahrain open to imports from Israeli settlements, Palestinians fume

Bahrain and the United Arab Emirates formalised ties with Israel on Sept. 15, in a U.S.-sponsored deal billed by the Gulf countries as being made possible by Israel’s shelving of a plan to annex West Bank settlements. Most world powers deem them illegal.
Published 03 Dec, 2020 06:35pm
Indonesia sees new daily record 8,369 coronavirus cases
Asia

Indonesia sees new daily record 8,369 coronavirus cases

The sharp spike – more than 2,000 cases higher than the previous record on Sunday – brings Indonesia’s infections total to 557,877, among the highest in Asia. It has so far recorded 17,355 deaths related to COVID-19.
Published 03 Dec, 2020 06:16pm
Lebanese crisis deepens Syrian refugee misery
Asia

Lebanese crisis deepens Syrian refugee misery

The 54-year-old father of three cleans shops at a mall in exchange for rent-free accommodation in a cramped room in the town of Daraya, southeast of Beirut. His daughters sometimes go into the street to sell tissues to help keep the family fed.
Published 03 Dec, 2020 06:10pm
Rupee gains 30 paisas against US dollar
Pakistan

Rupee gains 30 paisas against US dollar

  • In interbank trading, the price of euro appreciated by 81 paisas and closed at Rs. 194.20 against the last day’s trading of Rs. 193.39, State Bank of Pakistan reported.
Published 03 Dec, 2020 05:25pm
KP CM bans use of mobile during cabinet meeting
Pakistan

KP CM bans use of mobile during cabinet meeting

  • A notification issued here said the ministers, advisers, special assistants, secretaries and officials of the different departments would also be not allowed to use the mobile in the cabinet meeting.
Published 03 Dec, 2020 05:15pm
Hungary reports record 182 daily COVID deaths
Europe

Hungary reports record 182 daily COVID deaths

  • As of Wednesday, Hungary ran the European Union's fifth-highest death rate per 100,000 people over a two-week period based on data from the European Centre for Disease Prevention and Control.
Published 03 Dec, 2020 04:29pm
Inflation snapshot
BR Research

Inflation snapshot

The CPI inflation stood at 8.35 percent in November 2020, and on a monthly basis, prices increased by 0.82 percent....
Published 03 Dec, 2020 07:25am
China buys Indian rice

China buys Indian rice

MUMBAI: China has begun importing Indian rice for the first time in at least three decades due to tightening ...
Updated 03 Dec, 2020 04:14am
G-B: PM announces two new parks

G-B: PM announces two new parks

ISLAMABAD: Prime Minister Imran Khan on Wednesday announced two new high-altitude National Parks in ...
Updated 03 Dec, 2020 04:10am
STZA being set up through ordinance

STZA being set up through ordinance

ISLAMABAD: The federal government has decided to establish Special Technology Zone Authority (STZA) through an...
Updated 03 Dec, 2020 04:10am
'Transforming' Karachi
Letters

'Transforming' Karachi

This is apropos a Business Recorder news item "Projects under Karachi Transformation Plan: Planning ministry for...
Published 03 Dec, 2020 03:04am
The Weather
Pakistan

The Weather

KARACHI: The weather report on Wednesday (December 2, 2020) and the forecast for Thursday (December 3, 2020)....
Published 03 Dec, 2020 03:04am
FTSE 100 jumps
Stocks

FTSE 100 jumps

LONDON: The exporter-laden FTSE 100 index jumped on Wednesday as the sterling weakened on doubts of whether a trade...
Published 03 Dec, 2020 03:04am
China shares flat
Stocks

China shares flat

BEIJING/SHANGHAI: China stocks erased earlier gains to end nearly flat on Wednesday, with gains in property stocks...
Published 03 Dec, 2020 03:04am
European stocks flat
Stocks

European stocks flat

MILAN/FRANKFURT: European shares erased session losses to close flat on Wednesday on an over 1% surge in London...
Published 03 Dec, 2020 03:04am
Japan shares go up
Stocks

Japan shares go up

TOKYO: Japan's Nikkei share average closed at a 29-1/2-year high on Wednesday, buoyed by hopes of a US stimulus...
Published 03 Dec, 2020 03:04am
G-B's status
Opinion

G-B's status

Gilgit-Baltistan and adjoining areas called Northern Areas have been given, albeit provisionally, the status of a...
Published 03 Dec, 2020 03:04am
Currency notes: exchange rates
Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...
Published 03 Dec, 2020 03:04am
EFU AGGRESSIVE FUND RATES
Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Wednesday (December 2, 2020). ======================== Offer Price...
Published 03 Dec, 2020 03:04am
BOARD MEETINGS
Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....
Published 03 Dec, 2020 03:04am
Shipping Intelligence
Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (December 2, 2020)....
Published 03 Dec, 2020 03:04am
Lahore Paper Market Rates
Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Wednesday (December 2, 2020). ======================================= ...
Published 03 Dec, 2020 03:04am
Lahore Grain Market Rates
Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 2, 2020)...
Published 03 Dec, 2020 03:04am
Gold price surges
Commodities

Gold price surges

KARACHI: Gold price on Wednesday mounted further by Rs 1600 per tola on the local market, traders said. Now, the...
Published 03 Dec, 2020 03:04am
Cotton Spot Rates
Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 2, 2020)....
Published 03 Dec, 2020 03:04am
CBOT corn futures fall
Commodities

CBOT corn futures fall

CHICAGO: Chicago Board of Trade corn futures fell on Tuesday after reaching their highest since June 2019 a day...
Published 03 Dec, 2020 03:04am
Euronext wheat at 4-week low
Grains

Euronext wheat at 4-week low

PARIS: Euronext wheat extended losses on Tuesday to the lowest in nearly four weeks as futures saw more chart-based...
Published 03 Dec, 2020 03:04am
European gasoline margins rise
Energy

European gasoline margins rise

LONDON: Benchmark northwest European gasoline refining margins rose on Tuesday as crude prices fell for a second day...
Published 03 Dec, 2020 03:04am
US MIDDAY: Gold rises
Commodities

US MIDDAY: Gold rises

NEW YORK: Gold firmed near an over one-week high on Wednesday as prospects of a US coronavirus relief package...
Published 03 Dec, 2020 03:04am
Copper prices ease
Commodities

Copper prices ease

LONDON: Copper prices eased on Wednesday as the higher dollar triggered profit taking on long positions, but losses...
Published 03 Dec, 2020 03:04am
Malaysian palm oil falls
Commodities

Malaysian palm oil falls

KUALA LUMPUR: Malaysian palm oil futures ended 1% lower on Wednesday as weaker rival Dalian oils eclipsed support...
Published 03 Dec, 2020 03:04am
Ex-PM Zafarullah Jamali passes away

Ex-PM Zafarullah Jamali passes away

KARACHI: Former prime minister Mir Zafarullah Khan Jamali has passed away at a hospital in Rawalpindi at the age of...
Published 03 Dec, 2020 03:04am