News Archives for Latest - 2020-12-11

Asia

6.2-magnitude earthquake strikes off Taiwan

TAIPEI: A 6.2-magnitude earthquake struck off Taiwan on Thursday, the US Geological Survey said, but while residents...

Updated 12 Dec, 2020 03:31am

Business & Finance

Fitch does not expect African banking crisis, cautious on Angolan lenders

Angola is saddled with debt following a sharp decline in crude prices and the impact of the coronavirus pandemic on its economy.
On Nigerian banks, Fitch's Dissanayake said their ability to generate strong revenue would help blunt the impact of higher expected credit costs.

Published 11 Dec, 2020 11:55pm

Pakistan

CDA starts development work at Park Enclave II after five years

Park Enclave is a residential project consisting of 659 kanals at which would be completed with a cost of Rs. 237.3 million.

Published 11 Dec, 2020 09:22pm

Pakistan

PM stresses on exploring country's huge untapped potential of tourism

He said unfortunately the country’s tourist sites, including those of Naran and Nathiagali, were damaged due to unplanned tourism and constructions.

Published 11 Dec, 2020 09:20pm

Pakistan

People belonging to all faiths enjoy equal rights in Pakistan: PM

During the meeting, they talked about awareness campaign, through Ulema and Mashaikh, regarding the protection from COVID-19 pandemic.

Published 11 Dec, 2020 09:18pm

Pakistan

PDM's en mass resignations stunt bound to fail like previous attempts for NRO: Shibli

Shibli Faraz said if the opposition parties were serious to quit the assemblies en bloc then they should do it in an appropriate manner instead of making mere assertions.

Published 11 Dec, 2020 09:16pm

Pakistan

Bangash reviews work progress on UET Swat

He directed to complete the project within stipulated time period and holding classes in the existing facilities and space in the meanwhile.

Published 11 Dec, 2020 09:15pm

Pakistan

PM for ensuring provision of clean drinking water to people under Punjab Aab-e-Pak project

The governor, while apprising the prime minister of the reforms for cotton crop said a comprehensive strategy had been formulated in consultation with all the stakeholders.

Published 11 Dec, 2020 09:12pm

Pakistan

Opposition promoting sole agenda of saving its corruption: CM Buzdar

Usman Buzdar emphasised that getting an NRO was the actual destination of PDM but they should remember that they would not get it from Prime Minister Imran Khan.

Published 11 Dec, 2020 09:10pm

Pakistan

Razak assures to examine for resolving PEFMA issues

The Advisor also met with the representatives of Pakistan Electric Fan Manufacturers Association (PEFMA), said a press release issued by Ministry of Commerce here.

Updated 11 Dec, 2020 09:10pm

Europe

COVID-19 cases in England fall below 500,000, ONS estimate shows

The Office for National Statistics reckoned 481,500 people in England had COVID-19 during the week from Nov. 29 to Dec. 5, down 8% on the previous week.

Published 11 Dec, 2020 08:25pm

Stocks

Wall Street slips at open as stimulus doubts resurface

The S&P 500 dropped 16 points, or 0.44pc, to 3,652.10, while the Nasdaq Composite dropped 65.45 points, or 0.53pc, to 12.340.35.

Published 11 Dec, 2020 08:22pm

Stocks

TSX falls on weakness in energy stocks, U.S. stimulus worries

The energy sector dropped 1.1pc as U.S. crude prices fell 0.1pc a barrel, while Brent crude lost 0.3pc.

Published 11 Dec, 2020 08:13pm

Europe

Italian prime minister says EU needs to prepare for a ‘hard Brexit’

Italy has been highly supportive of Britain since the country voted to leave the EU bloc and has consistently stressed the need for all sides to make compromises to secure a deal.

Published 11 Dec, 2020 08:07pm

Forex

Dollar ends three weeks of decline as Brexit sours sentiment

The U.S. dollar made a comeback in early European trading as the mood soured and Brexit worries added to the delays facing a new U.S. fiscal stimulus.

Published 11 Dec, 2020 08:03pm

World

U.S. to approve of Pfizer COVID-19 vaccine in coming days

The federal government would also work with the company to get the vaccine shipped out, he added.

Published 11 Dec, 2020 08:01pm

Commodities

Iraq buys more than 110,000 tonnes of local rice

Iraq has bought more than 110,000 tonnes of rice from local farmers so far from five provinces, the trade minister said in a statement on Friday.

Published 11 Dec, 2020 07:58pm

Commodities

Ukraine's grain exports down 14.4pc so far in 2020/21 season

Ukraine accounts for about 16pc of global grain exports, and sold about 57 million tonnes to foreign buyers in the 2019/20 season.

Published 11 Dec, 2020 07:54pm

Pakistan

UK sanctions ex-SSP Rao Anwar, imposes travel ban, assets freeze

The United States also sanctioned Anwar in December 2019 for his involvement in “serious human rights abuse” in Pakistan.
- He was suspended from the duty after the killing of 27-year-old Mehsud and four others at a farmhouse in Karachi’s Shah Latif Town on January 13, 2018.

Updated 11 Dec, 2020 07:58pm

Europe

Russia reports record COVID-19 deaths, cases climb

He said vaccinations would be made available for additional categories of people in Moscow from Monday, including sales, services and local administrative workers.

Published 11 Dec, 2020 07:53pm

Europe

UK PM Johnson says no-trade deal Brexit is ‘very, very likely’

Johnson said talks were snagged on fish and a so-called ratchet clause which would keep Britain tied to EU rules.

Published 11 Dec, 2020 07:46pm

Europe

Swiss impose 7pm shutdown on most shops and restaurants to tackle COVID-19

The government said regions less badly hit by the pandemic would still be allowed to have locations open until 11pm, in the measures which go into effect on Saturday.

Published 11 Dec, 2020 07:45pm

Forex

Euro zone bond yields drop as markets reassess no-deal Brexit risks

Euro zone bond yields resumed their downward trend, with Germany's benchmark 10-year bond yield falling to a one-month low of -0.639pc at 1238 GMT, down 4 bps on the day.

Published 11 Dec, 2020 07:43pm

Energy

U.S. natgas futures rise to one-week high on colder forecasts

That compares with a seven-month high of 91.0 bcfd in November 2020 and an all-time monthly high of 95.4 bcfd in November 2019.

Published 11 Dec, 2020 07:40pm

Europe

Sweden registers 7,370 new COVID-19 cases, 160 deaths

The increase compared with a high of 7,935 daily cases recorded on Thursday.

Published 11 Dec, 2020 07:34pm

Energy

LNG tankers heading to Britain, Belgium and the Netherlands

Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below.

Published 11 Dec, 2020 07:31pm

Commodities

Ukraine 2020 grain harvest 99pc complete at 64.3mn tonnes

It said farmers had almost completed the 2020 corn harvest, threshing 28.8 million tonnes of the commodity from 98pc of the sowing area.

Published 11 Dec, 2020 07:30pm

Energy

LNG-Asian prices rise to over two-year high driven by heating demand

The rise in imports in China, as the economy recovers, and the lack of shipping availability is also helping to push prices up, the sources said.

Published 11 Dec, 2020 07:28pm

Europe

UK's COVID R rate rises slightly to between 0.9 and 1.0

The growth rate was between -2pc and 0pc, a slight rise from last week, indicating the number of new infections was shrinking between 0pc and 2pc each day.

Published 11 Dec, 2020 07:22pm

Commodities

Raw sugar sinks amid risk off sentiment, India export subsidy rumours

March raw sugar fell 0.7pc, to 14.56 cents per lb at 1342 GMT, extending the prior session's 2pc loss.

Updated 11 Dec, 2020 07:22pm

Pakistan

CSSPR signs MoU with Kyrgyz think tank ‘RICA’

The MoU was signed by Chairman BoG, University of Lahore, Mr. Awais Raoof, Director, CSSPR, Dr. Rabia Akhtar, and Director, RICA, Dr. Bedelbai Mamadeiv.
The main focus of research will be on geopolitics of Central and South Asia, geo-economics and regional connectivity, Pak-Kyrgyz bilateral relations, and Central and South Asian security dynamics.

Published 11 Dec, 2020 07:10pm

Stocks

Stocks subdued by Brexit, U.S. stimulus doubts

European equities fell, with the broad Euro STOXX 600 down 1.1pc and indexes in Paris and London losing 1.2pc and 1pc respectively.

Updated 11 Dec, 2020 07:01pm

Commodities

Philippines buyers purchase feed wheat and soymeal

The Australian feed wheat was estimated to have been purchased at between $260 and $265 a tonne c&f, traders said.

Published 11 Dec, 2020 06:33pm

Europe

Kremlin says no lockdown planned despite rise in COVID-19 deaths, cases

Cases have risen across Russia sharply since September, with Moscow confirming the highest number of infections.

Published 11 Dec, 2020 06:30pm

Asia

Indonesia reports record number of daily number of COVID-19 deaths

With Friday's data, Indonesia's total number of cases rose to 605,243, while the number of deaths rose to 18,511, both are the highest tallies in Southeast Asia.

Published 11 Dec, 2020 06:26pm

Forex

Sterling slides as no-deal Brexit fears build

The pound fell as much as 0.8pc against the dollar to a low of $1.3184 before recovering somewhat.

Published 11 Dec, 2020 06:23pm

Pakistan

Sindh reports 1,489 new COVID-19 cases, 23 deaths in past 24 hrs

CM said that 2,4137 patients are under treatment at present, 2,4248 of whom are in home isolation, 16 at isolation centres and 873 at different hospitals.
Out of the total new infections, 1,067 were detected in Karachi, including 364 in South, 341 East, 150 Central, 88 Korangi, 63 West and 61 Malir.

Updated 11 Dec, 2020 06:23pm

Business & Finance

BOJ tankan to show firms' gloom eased in December quarter

That would mark the index's second quarterly rise after hitting an 11-year low in the June quarter when the coronavirus-hit economy suffered its biggest slump on record.

Published 11 Dec, 2020 06:21pm

Forex

Sluggish demand for dollars supports Kenyan shilling

At 0720 GMT, commercial banks quoted the shilling at 111.45/111.65 per dollar, the same as Thursday's closing rate.

Published 11 Dec, 2020 06:19pm

Managed Funds

ECB debated 750bn euros bond buys before settling for less

The expansion of the ECB's Pandemic Emergency Purchase Programme was the centre-piece of the ECB's pandemic-fighting package, which was unveiled on Thursday after a tense meeting.

Published 11 Dec, 2020 06:17pm

Europe

AstraZeneca to test combining COVID-19 vaccine with Russian shot

The developers of Sputnik V suggested on Twitter last month that AstraZeneca try the combination.

Published 11 Dec, 2020 06:14pm

Stocks

Brexit: Morgan Stanley sees FTSE 250 down as much as 10pc on no deal

Morgan Stanley sees shares of UK banks falling 10pc to 20pc in a "no deal" scenario, given there is a higher chance the Bank of England would cut interest rates into negative territory.

Published 11 Dec, 2020 06:12pm

World

Worldwide coronavirus cases cross 69.41 million, death toll at 1,579,064

Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.

Published 11 Dec, 2020 06:10pm

Energy

Oil set for weekly gain amid coronavirus vaccine rollouts

Brent was down 19 cents or 0.4pc at $50.06 a barrel by 0946 GMT, after rising above $51 a barrel on Thursday to an early-March high.

Published 11 Dec, 2020 05:57pm

Forex

Turkey's lira falls past 8 per dollar; FX, stocks eye 6th week of gains

The currency lagged its EM peers, which were on course for a small but sixth straight week of gains thanks to a faltering dollar.

Published 11 Dec, 2020 05:54pm

Business & Finance

China leads auto industry recovery as sales top expectations

Auto sales in China rose 12.6% in November from the same month a year earlier to 2.77 million vehicles, the eighth straight monthly rise.

Published 11 Dec, 2020 05:49pm

Middle East

Charges in Beirut blast inquiry hit political pushback

Lebanon’s powerful Hezbollah said on Friday charges brought against the prime minister and three former ministers over the Beirut port explosion smacked of “political targeting”.
The explosion, one of the biggest non-nuclear blasts on record, was caused by a massive quantity of ammonium nitrate stored unsafely at the port for years.

Published 11 Dec, 2020 05:35pm

Commodities

Palm logs near 1pc weekly fall as December exports slow

Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.

Published 11 Dec, 2020 05:45pm

Energy

UK GAS-Prices steady on rising temperature, ongoing French workers strike

The UK gas system was almost 29 million cubic metres (mcm) oversupplied with demand forecast at 289 mcm and supply at around 318 mcm, National Grid data showed.

Published 11 Dec, 2020 05:44pm

Pakistan

Pakistan urges UN, EU to probe report exposing Indian propaganda network

The investigation report uncovered a network consisting of 265 fake local media outlets in 65 countries, serving New Delhi’s interest as well as multiple dubious think tanks and NGOs.
"We urge the UN human rights machinery, the UN High Commissioner for Human Rights as well as human rights experts to take a serious look as to how a prestigious platform such as the human rights council was thus misused," says Qureshi.

Published 11 Dec, 2020 05:44pm

Business & Finance

Bank of England readies armoury to deal with any Brexit disruption

The BoE ramped up market liquidity auctions at the start of the pandemic, as well as cutting interest rates to a record low and restarting its asset-purchase programme.

Published 11 Dec, 2020 05:41pm

Stocks

Telecom Italia shares, bonds dip after Moody's downgrade

The yield on a bond maturing in May 2026, rose to 1.69pc from 1.60pc on Thursday, while a September 2025, bond yielded 1.60pc on Friday, up from 1.50pc the previous session.

Published 11 Dec, 2020 05:39pm

Europe

EU to discuss arms exports to Turkey with NATO, new U.S. administration: Merkel

"In light of that we will talk more about our relations with Turkey, which is marked on the one hand by strategic dependencies - many of us are members of NATO - and on the other hand by tensions," she said.

Published 11 Dec, 2020 05:37pm

Europe

EU's von der Leyen says positions in Brexit trade talks ‘apart’

She said the two sides would decide on Sunday "whether we have conditions for an agreement, or not".

Published 11 Dec, 2020 05:34pm

Forex

Ugandan shilling flat on thin importer and banks' demand

At 0952 GMT, commercial banks quoted the shilling at 3,670/3,680, unchanged from Thursday's closing rate.

Published 11 Dec, 2020 05:32pm

Europe

EU Commission chief sees more chance of no Brexit trade deal

Britain is more likely to leave the European Union’s orbit on Dec. 31 without a trade deal than with an agreement, an EU official quoted the head of the European Commission.
A no-trade deal Brexit would damage the economies of northern Europe, send shockwaves through financial markets, snarl borders and sow chaos through the delicate supply chains which stretch across Europe and beyond.

Published 11 Dec, 2020 05:30pm

Europe

Polish PM says he hopes ruling coalition can settle differences on EU budget deal

Justice Minister Zbigniew Ziobro criticised Polish Prime Minister Mateusz Morawiecki's decision to accept an EU budget compromise, although officials denied the coalition's end was near.

Published 11 Dec, 2020 05:30pm

South Asia

China to keep economic operations 'within reasonable range' in 2021

China will also ensure no large-scale resurgence of the coronavirus pandemic, the politburo said.

Published 11 Dec, 2020 05:28pm

Europe

Brexit: France's Macron hopes Britain, EU will find deal

"I'm not asking to have my cake and eat it, no. All I want is a cake that's worth its weight. Because I won't give up my share of it either,".

Published 11 Dec, 2020 05:26pm

South Asia

Afghan government and Taliban agree Islamic law to guide peace talks

On Thursday, negotiations from the Afghan government and the Taliban have agreed to have the teachings of Islamic Law to guide their peace talks, and provide a platform for a post-war Afghanistan.
This breakthrough comes after talks between the concerned parties hit an impasse, which subsequently led to a rapid escalation in violence and internal strife.

Updated 11 Dec, 2020 05:26pm

Commodities

Gold flat as dollar ticks higher, U.S. stimulus talks drag

Spot gold was little changed at $1,834.55 per ounce at 1047 GMT. U.S. gold futures were flat at $1,838.10.

Published 11 Dec, 2020 05:21pm

Business & Finance

China central bank reduces room for firms to borrow abroad, reversing March move

China has seen a steady rebound from the coronavirus crisis, with both exports and manufacturing activity rising rapidly in November.

Published 11 Dec, 2020 05:20pm

Commodities

Copper slips on profit-taking, worries over Brexit, U.S. stimulus

Copper has been buoyed recently by bullish developments, including strong demand from China and possible supply problems.

Published 11 Dec, 2020 05:17pm

Europe

Erdogan says next EU summit cannot take steps against Turkey

EU leaders agreed on Thursday to prepare limited sanctions on Turkish individuals over an energy exploration dispute with Greece and Cyprus.

Published 11 Dec, 2020 05:13pm

Stocks

Indian shares hit record peaks as ONGC soars on higher oil prices

The Nifty Auto Index gained 0.6pc after data from an industry body showed passenger vehicle sales rose nearly 5pc in November, boosted by festive demand.

Published 11 Dec, 2020 05:11pm

Stocks

Sri Lankan shares extend rally on consumer staples strength

The benchmark stock index ended up marginally at 6,614.56 and has gained 7.9pc so far this year.

Published 11 Dec, 2020 05:06pm

Opinion

Yes, Pakistan was right

Though many might say that the nature of war doesn't and cannot change, war has altered in terms of its nature and...

Published 11 Dec, 2020 05:02pm

Business & Finance

Hubco, DHA plan to develop Sea Water Reverse Osmosis Project

Hubco and DHA also plan to develop a five million gallons per day of potable water project based on Sea Water Reverse Osmosis technology for which Hubco already possesses the first right of refusal.

Updated 11 Dec, 2020 04:57pm

Pakistan

Wheat, flour prices in local markets reduced significantly

He said that domestic wheat stocks as on December 11,2020 stood at 3.579 million metric tons that was sufficient to tackle with the domestic requirements.

Published 11 Dec, 2020 04:54pm

Pakistan

Chaudhry Fawad asks opposition to postpone politics of protests

He emphasized on reducing conflicts for the sake of the country which is passing through a difficult time owing to the increasing cases of COVID-19.

Published 11 Dec, 2020 04:52pm

Pakistan

Shipping activity at Port Qasim

Meanwhile four more ships, MP The Belichick, Gulf Peal, Analipsi Lady and Kita scheduled to load/offload Containers, Crude oil, Gas oil and Natural Gas also arrived at outer anchorage of Port Qasim on Friday morning.

Published 11 Dec, 2020 04:49pm

Pakistan

PML-N, PPP pushing politics towards anarchy for personal gains: Dr. Firdous

The opposition parties, when came into the power, only focused on plundering the national wealth and gaining personal benefits.

Published 11 Dec, 2020 04:47pm

Pakistan

3,047 new Coronavirus cases reported; 50 deaths in past 24 hours

The maximum ventilators were occupied in four major areas including Multan 67 percent, ICT 51 percent, Peshawar 40 percent and Lahore 35 percent.

Published 11 Dec, 2020 04:37pm

Pakistan

FESCO issues shutdown schedule

Faisalabad Electric Supply Company (FESCO) has issued shutdown schedule for Saturday due to necessary repair, maintenance and expansion of electricity lines.

Published 11 Dec, 2020 04:35pm

Pakistan

National COVID positivity surges at 7.15 percent; 2,538 patients critical

In AJK, Mirpur had 14.29 percent positivity ratio, Muzaffarabad 8.29 percent and in GB, Gilgit had 2.13 percent.

Published 11 Dec, 2020 04:34pm

Pakistan

Pakistan's remittances crossed US$2bn for record 6 months: PM

"More good news as workers’ remittances continued to grow in November - remaining above US$2 billion for a record 6th consecutive month,"

Published 11 Dec, 2020 04:33pm

Pakistan

Punjab bears maximum burden of deaths in past 24-hour: NCOC

It added that out of the total deceased patients due to the contagion 28 hospitalised patients had breath their last on ventilator.

Published 11 Dec, 2020 04:30pm

Europe

Erdogan says U.S. sanctions disrespect ally Turkey –Anadolu

Anadolu cited Erdogan as saying that Turkey will be patient and see what trend emerges after the new U.S. administration takes office next month.

Published 11 Dec, 2020 04:29pm

Pakistan

CDA removes encroachments from markets, roads, streets of capital

According to detail, upon the special direction of the Chairman CDA the enforcement department was carrying out an operation against encroachments in the capital city.

Published 11 Dec, 2020 04:29pm

Pakistan

Tobacco export increases 9.72pc during July-October 2020-21

In terms of quantity, the exports of tobacco however witnessed decrease of 2.27 percent by going down from 2,949 metric tons to 2,882 metric tons, according to the data.

Published 11 Dec, 2020 04:26pm

Pakistan

SBP injects Rs842.050bn into market

The rate of return accepted is 7.02 per cent per annum, said SBP press release.

Published 11 Dec, 2020 04:25pm

Pakistan

COVID-19 claims 19 more lives in Punjab on Friday

Punjab health department conducted 2,147,392 tests for COVID-19 so far, while 114, 647 confirmed cases recovered altogether in the province.

Published 11 Dec, 2020 04:22pm

Rates.Bullion

Bullion Rates

KARACHI: Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 10, 2020)....

Updated 11 Dec, 2020 04:23pm

Pakistan

India constantly propagating against Pakistan at international forum: Murad Saeed

Convicted and proclaimed offenders talked of revolution while demanding the resignation of a constitutional government, he added.

Published 11 Dec, 2020 04:20pm

Pakistan

Maryam, Bilawal meet in Lahore ahead of PDM Dec 13 rally

The PPP leader offered his condolences to Maryam Nawaz on the death of her grandmother, Begum Shamim Akhtar.
The PDM leaders are expected to make "big decisions" during the power show in Lahore.

Updated 11 Dec, 2020 04:21pm

Technology

Pakistani E-bike Startup Teleport to Launch MODEL T1

Pakistan-based e-bikes startup, Teleport, is launching its product, the Model T1, on the 18th of December, 2020.

Updated 11 Dec, 2020 04:14pm

Business & Finance

Weekly SPI declines 0.26pc amid fall in food prices

During the week, out of 51 items, prices of 16 (31.37pc) items increased, 13 (25.49pc) items decreased and 22 (43.14pc) items remained constant.

Published 11 Dec, 2020 03:53pm

USA

Moderna begins study of COVID-19 vaccine in adolescents

The trial will enroll 3,000 healthy participants in the United States and will assess the safety and effectiveness of two doses of the company’s vaccine candidate, mRNA-1273, given 28 days apart.
Rival Pfizer/BioNTech have also sought EUA after their coronavirus vaccine’s two-dose regimen proved 95% effective against COVID-19 and had no major safety issues.

Published 11 Dec, 2020 03:38pm

Pakistan

In major cabinet reshuffle, Sheikh Rashid appointed as Federal Minister for Interior

Sheikh Rashid has been replaced by Azam Swati.
Ijaz Shah, who earlier held the interior ministry portfolio, has been appointed as minister for narcotics control.

Updated 11 Dec, 2020 03:34pm

Pakistan

COVID-19 claims lives of three doctors in Karachi

So far 10,925 healthcare workers have been infected with the COVID-19, including 6.791 doctors and 1,360 nurses and 2,774 staff of the hospitals.
About 103 healthcare workers lost their battle against the virus since the pandemic began in the country.

Published 11 Dec, 2020 03:05pm

BR Research

SUV: Spoilt for choice

The luxury car segment is about to get more luxurious. A variety of new offerings in the sedan and SUV categories ...

Updated 11 Dec, 2020 02:47pm

Pakistan

COVID-19 positivity rate rises to 304 percent in two months

Rate of patients admitted to different hospitals have also increased up to 404 percent from 46 percent recorded on October 12.
- Pakistan reported 3,047 new coronavirus infections and 50 deaths in past 24 hours.

Published 11 Dec, 2020 02:34pm

Business & Finance

Pakistan, US identify opportunities to expand Trade & Investment

It was learned that the latest data shows Pakistan’s exports to the United States hit record levels in October ($430 million) and November ($437 million).

Published 11 Dec, 2020 02:30pm

Life & Style

Jazz is bringing drive-in cinema experience to Pakistan

Starting as a one-month pilot in the capital, the Jazz Drive-In Cinema will also be introduced to Karachi and Lahore.

Updated 11 Dec, 2020 02:30pm

Business & Finance

Abdul Hafeez Shaikh sworn in as Federal Minister, takes charge of Finance

Shaikh was previously serving as an Advisor to the Prime Minister on Finance.
IHC has ruled that unelected advisers and special assistants could not head government’s committees and has barred Advisor to Prime Minister Imran Khan on Finance and Revenue Dr Abdul Hafeez Sheikh from heading the Cabinet Committee on Privatisation (CCoP).

Updated 11 Dec, 2020 02:06pm

USA

Majority of Americans think the pandemic is getting worse: Poll

According to a recent Gallup poll, a majority of Americans (73%) think that the coronavirus pandemic is getting worse.
A majority (72%) of respondents stated that their lives have been disrupted by the pandemic, with 87% stating that this disruption will last beyond the first half of 2021.

Updated 11 Dec, 2020 02:04pm

Pakistan

Pakistan-born scientist to receive prestigious Leibniz Prizes

Leibniz Prizes, most important research award in Germany for outstanding work from all scientific areas will be awarded on March 15 next year in a virtual ceremony.
The Gottfried Wilhelm Leibniz Prize has been awarded annually by the DFG since 1986.

Updated 11 Dec, 2020 01:58pm

Life & Style

Taylor Swift surprises fans with another album this year

"I just kept writing," said Swift, whose earlier album got rave reviews and became the first to sell a million copies in the U.S. in 2020.

Updated 11 Dec, 2020 01:32pm

USA

President Trump rushes federal executions in his final days in office

In the final days of his tenure, President Trump is currently undergoing a string of federal executions.
Five executions are scheduled prior to President-elect Joe Biden's inauguration on the 20th of January.

Published 11 Dec, 2020 01:12pm

Pakistan

Pakistan summons senior Indian diplomat over recent LoC violations

55-year-old Naseem Fatima from Tai Mohra village sustained serious injuries due to unprovoked firing by the Indian occupation forces.
"India has committed 2940 ceasefire violations to date," FO said.

Published 11 Dec, 2020 01:08pm

Life & Style

Ellen DeGeneres tests positive for coronavirus

Production of the show had been halted until January.

Published 11 Dec, 2020 12:59pm

Life & Style

K-Pop band BTS named Time's entertainer of the year

The seven-member band, which made its debut in 2013, has become one of the world’s most popular thanks to its upbeat dancey songs, army of adoring fans, and positive non-controversial messages.

Published 11 Dec, 2020 12:51pm

Pakistan

Coronavirus vaccine will become available in Pakistan in March: Faisal Sultan

The committee will make a final decision on the purchase of the vaccine after considering the views of experts, the SAPM said.
Pakistan has allocated $150 million to secure vaccine doses from various developers.

Published 11 Dec, 2020 12:40pm

Pakistan

Maryam Nawaz, others booked for violating COVID-19 SOPs

The provisions regarding violation of SOPs and holding provocative speeches have been included in the case.
Big public gathering had been banned amid resurge in COVID-19 cases.

Published 11 Dec, 2020 12:34pm

Sports

Nicholls' charmed ton puts New Zealand on top

Gabriel, in his 50th Test, was clearly frustrated when Darren Bravo dropped a regulation chance at first slip with Nicholls on 47, but he had reason to smile in his next over when he had Will Young caught at second slip by Jason Holder for 43.

Published 11 Dec, 2020 12:16pm

World

Sanofi, GSK Covid vaccine to be ready only at the end of 2021

Sanofi and GSK announce a delay in their adjuvanted recombinant protein-based COVID-19 vaccine programme.

Published 11 Dec, 2020 12:12pm

Business & Finance

Need to sustain strong Remittances flow to get ‘true economic independence’: Asad

The minister in a tweet post on Friday said that strong remittance flows are significantly helping with Pakistan’s external account.

Published 11 Dec, 2020 12:11pm

Stocks

Tokyo's Nikkei closes lower

Its rival Honda fell 1.16 percent to 3,064 yen and Nissan slid 1.26 percent to 554.1 yen.

Published 11 Dec, 2020 12:11pm

World

Egypt receives first batch of Sinopharm coronavirus vaccines

It was unclear how many doses of the vaccine Egypt had ordered, but the health minister said there would be more shipments in the days to come.

Published 11 Dec, 2020 12:00pm

Business & Finance

Westpac's chairman hopes bank will return to 'consistent' dividends

While dividends at Australia's so-called 'Big Four' banks have been constrained by a regulatory limit imposed in light of the pandemic, Westpac was the only one to not pay an interim dividend earlier this year.

Published 11 Dec, 2020 11:57am

Africa

Nigeria warned of possible new COVID-19 wave, authorities eye vaccine in early 2021

The health minister later in the briefing said Nigeria hoped to start with at least 20 million doses from the Covax facility, initially covering healthcare workers and vulnerable people who would be most at risk if infected, such as the elderly.

Published 11 Dec, 2020 11:56am

Business & Finance

FCC begins process of halting China Telecom US operations

Pai noted the commission "can't actually implement the reimbursement program unless and until Congress appropriates the necessary funding."

Published 11 Dec, 2020 11:51am

Pakistan

Lahore administration seals 55 shops, eight restaurants for violating COVID-19 SOPs

On the directives of Lahore Deputy Commissioner Muddasir Riaz, these shops, halls and restaurants were also fined while warnings were also issued.
Punjab has reported 125,897 cases and 3,284 deaths so far.

Published 11 Dec, 2020 11:48am

Asia

South Korea reports 689 new coronavirus cases

Of the new cases, 673 were locally transmitted, which brings the total tally to 40,786, with 572 deaths.

Published 11 Dec, 2020 11:50am

Business & Finance

China's exports pinched by global run on shipping containers

Industry observers expect the container tightness to persist until coronavirus vaccines are rolled out widely and more global travel resumes.

Published 11 Dec, 2020 11:45am

Business & Finance

NZ central bank says monetary policy not best way to cool housing market

Orr said the bank would prefer an amendment to its financial policy remit if the government wanted to strengthen its influence on house prices.

Published 11 Dec, 2020 11:42am

Business & Finance

Trend Continues; Remittances from Overseas Pakistanis remain above $2bn

In aggregate, remittances rose to an unprecedented $11.8 billion during Jul-Nov FY21, 26.9pc higher than the same period last year.

Updated 11 Dec, 2020 11:43am

Energy

Brent oil may retest resistance at $51.12

The surge on Thursday confirms the continuation of the uptrend towards $54.62, the 61.8% projection level of an upward wave C from $35.74.

Published 11 Dec, 2020 11:39am

Commodities

Asia Rice-Indian rates extend gains to over 2-month high on fresh orders

Prices for the top exporter's 5% broken parboiled variety rose to $378-$383 per tonne, their highest since the week of Sept. 24, from $375-$381 last week.

Published 11 Dec, 2020 11:36am

Forex

Sterling slips in Brexit countdown, Aussie rallies

It last traded at $0.7547 and is set for a sixth consecutive weekly rise. Over that time, it has gained five cents, or 7% against the dollar.

Published 11 Dec, 2020 11:34am

Asia

Japan to spend $3.7bn in budget reserves to back travel campaign

Most of the spending would be used to make up for a budget shortfall for the Go To Travel campaign, the ministry said.

Published 11 Dec, 2020 11:32am

World

Bird flu outbreak spreads to 20% of Japan's prefectures

The government is calling for extra vigilance because of the growing number of infections in Japan and in Europe, which is in the grip of an outbreak. Japan has suspended poultry imports from seven countries, including Germany.

Published 11 Dec, 2020 11:29am

Business & Finance

China leads auto industry recovery with beyond-expectation sales

CAAM also expects Chinese sales to modestly grow next year and hit 30 million units in 2025, Fu said.

Published 11 Dec, 2020 11:27am

Business & Finance

Pakistan eyeing to protect its products using GIs

The advisor also requested all stakeholders to inform as to what course of action the Ministry of Commerce and IPO should take in case of salt.

Published 11 Dec, 2020 11:20am

Energy

China's CNOOC, PetroChina invite LNG tenders on Shanghai gas exchange

China imported nearly 6.4 million tonnes of LNG in November, its highest monthly volumes since December 2019, Refinitiv Eikon data showed, with this month's volumes expected to surpass that of November, according to trade sources.

Published 11 Dec, 2020 11:25am

Stocks

South Korea stocks jump on strong trade data, vaccine optimism

The won was quoted at 1,087.1 per dollar on the onshore settlement platform, 0.06% higher than its previous close at 1,087.7.

Published 11 Dec, 2020 11:21am

Sports

Kerr toughs it out at US Women's Open

"I remember landing on my chest and it was awful," said Kerr. "But I'm here and I played and I was tough today and I feel like I'm going to keep getting better every day."

Published 11 Dec, 2020 11:19am

Energy

US oil may retest resistance at $47.71

A rising channel indicates an extension of this trend towards $49.31, its 214.6% projection level. The resistance at $47.70 (close to $47.71) temporarily stopped the trend.

Published 11 Dec, 2020 11:15am

Sports

Rangers ready for any challenge, says Gerrard after Europa progress

"To be at this level now and competing and beating teams at this level shows the big steps that we have taken as a group.

Published 11 Dec, 2020 11:12am

Commodities

Soybeans set for second weekly decline on smaller cuts to supplies

Brazil's CONAB also cut its corn and soybean crop outlooks on Thursday, citing dry conditions.

Published 11 Dec, 2020 11:11am

Stocks

Nikkei slips on worries over Brexit, US stimulus

However, Toyota Motor rose 4.4% as investors welcomed the revamp of its Mirai hydrogen fuel cell car, at a time when the government has stepped up measures to cut carbon emissions.

Published 11 Dec, 2020 11:07am

Forex

Australia, NZ dollars strongest since 2018 on higher commodity prices

The New Zealand dollar surpassed crucial barrier of 71 US cents overnight and was last at $0.7105.

Published 11 Dec, 2020 11:04am

Commodities

China iron ore futures surge past 1,000 yuan on supply worries, steel demand

Steel rebar on the Shanghai Futures Exchange gained 0.7% to 4,070 yuan a tonne. Hot-rolled coil was 0.3% higher at 4,3862 yuan a tonne. Stainless steel increased 1.9% to 13,825 yuan a tonne.

Published 11 Dec, 2020 11:02am

Business & Finance

Malaysia's Oct factory output falls 0.5% y/y, in line with forecast

The mining sector index slumped 10.6% from a year earlier, the Statistics Department said in a statement.

Published 11 Dec, 2020 10:59am

Sports

India must come together under Rahane when Kohli departs Australia

Rahane should not even try to emulate Kohli's leadership style, says former test spinner Harbhajan Singh.

Published 11 Dec, 2020 10:56am

Pakistan

Russia says it will join drills with NATO member ships off Pakistan

The AMAN-2021 anti-piracy drills are set to be held in waters near Karachi in February 2021 and will involve British, U.S., Turkish, Chinese, Japanese and other forces, the Russian defence ministry said in a statement.

Published 11 Dec, 2020 10:53am

Commodities

Gold inches up as weaker dollar outweighs US stimulus worries

Gold is seen as a hedge against inflation and currency debasement likely to result from large stimulus measures.

Published 11 Dec, 2020 10:51am

Pakistan

EU DisinfoLab's revelation about Indian subversive activities vindicates Pakistan's position: PM

He said the international community needs to take notice of a rogue Indian regime that now threatens the stability of the global system.
EU DisinfoLab in its investigation uncovered a network consisting of 265 fake local media outlets serving New Delhi’s interest.

Published 11 Dec, 2020 10:53am

Stocks

Indian shares set for sixth weekly gain, ONGC jumps

The Nifty Auto Index was up 0.25% ahead of the release of November auto sales numbers by an industry body, due at around 0430 GMT.

Published 11 Dec, 2020 10:48am

Europe

Germany's confirmed coronavirus cases rise by 29,875

The reported death toll rose by 598 to 20,970.

Published 11 Dec, 2020 10:46am

Commodities

Shanghai nickel jumps on demand outlook, LME benchmark slips

Nickel, used in stainless steel, has gained 13% in the Shanghai bourse this year, while LME nickel has risen around 23% on strong demand from Chinese stainless steel producers and a supply crunch due to an Indonesian export ban.

Published 11 Dec, 2020 10:43am

Financial

COVID-19 Pandemic in Developing Countries Conference

This conference is planned to open avenues of communication between the IMF and stakeholders in developing economies to better understand the impact of the crisis and also between low income countries and middle income emerging markets given that these country groups are facing increasingly similar challenges.

Published 11 Dec, 2020 10:45am

Energy

Pemex's trading arm suspends business with Vitol amid US bribery probe

Mexican President Andres Manuel Lopez Obrador said on Thursday his government would look into the bribery allegations.

Published 11 Dec, 2020 10:41am

Business & Finance

Turkey's current account deficit at $62mn in Oct, some forecast surplus

"We will see an inevitable slowdown in economic activity in the first half of 2021. Taking into account tourism as of April-May, there will likely be significant improvement in the current account," he said.

Published 11 Dec, 2020 10:40am

Commodities

Gold falls in Asia

SINGAPORE: Gold prices edged lower in Asian trade on Thursday, following a steep sell-off in the previous session, ...

Updated 11 Dec, 2020 10:41am

Energy

Oil price rally builds steam as coronavirus vaccine rollouts begin

A big jump in US crude stockpiles served as a reminder that there is still plenty of supply available, but was all but ignored as bulls ran through the market this week.

Published 11 Dec, 2020 10:37am

World

Japan econmin wants to avoid state of emergency over coronavirus

"I would like people to cooperate in order to avoid issuing a state of emergency by all means," he told a news conference.

Published 11 Dec, 2020 10:35am

Business & Finance

Mexico's central bank fumes over cash law as affront to its autonomy

MORENA denies the bill will encourage money laundering and says it will help poor migrant families disadvantaged by the financial system by making it easier for them to offload cash.

Published 11 Dec, 2020 10:33am

Stocks

Shares of Chinese retailer Suning.Com hit over 10-year low

On Wednesday, Suning.com said it would purchase back 2 billion yuan ($305.84 million) worth of bonds issued, in order to boost investor confidence and maintain stability in its bond prices.

Published 11 Dec, 2020 10:32am

India hits 9.8 million coronavirus cases

Deaths rose by 414, with the total now at 142,186, the ministry said.

Published 11 Dec, 2020 10:29am

Forex

China's yuan firms on stronger fixing; dollar in doldrums

Analysts and investors widely expect the yuan to continue rising in the medium term, helped by a weaker dollar and investors seeking higher yielding yuan investments.

Published 11 Dec, 2020 10:28am

Stocks

China stocks set for biggest weekly loss in 5 months as Sino-US tensions flare up

Investors are also concerned that Beijing could start tightening monetary policies amid a robust economic recovery and surging commodity prices, though analysts do not see any major policy reversals any time soon.

Published 11 Dec, 2020 10:25am

World

Ahead of UN climate summit, urgent calls to 'fix the future'

Nevertheless, rapid expansion of wind and solar along with strong uptake of electric vehicles this year marked a sharp contrast with the faltering fortunes of oil and gas companies hit by collapsing demand.

Published 11 Dec, 2020 10:22am

Business & Finance

Hyundai Motor chief, units to buy Boston Dynamics from SoftBank

The deal is the latest pullback by SoftBank from operating businesses as CEO Masayoshi Son focuses on investing.

Published 11 Dec, 2020 10:19am

Sports

Nicholls half-century revives New Zealand against Windies

Jason Holder at second slip thrust out his right hand to take the ball down low, ending a polished 43 from Young in only his second Test innings.

Published 11 Dec, 2020 10:13am

Sports

Gavaskar warns concussion-victim Pucovski of bouncer barrage

"For someone like Will, he has been hearing that for a couple of years and scoring two double centuries, back-to-back (in the Sheffield Shield) he can handle that pretty well," he said from Adelaide.

Published 11 Dec, 2020 10:10am

Stocks

Hong Kong shares up at lunch

The Hang Seng Index edged up 0.28 percent, or 74.64 points, to 26,485.23.

Published 11 Dec, 2020 10:09am

USA

Biden and Harris named Time 'Person of the Year'

Earlier Thursday, Time named basketball superstar LeBron James Athlete of the Year for his achievements on and off the court.

Published 11 Dec, 2020 10:08am

BR Research

Gas demand questions

Some say that the gas demand supply gap is estimated around 2 billion cubic feet and it is growing as the domestic...

Updated 11 Dec, 2020 10:08am

Sports

'Seasick and drunk': Aussie cricket coach Langer reveals health scare

Physiotherapy has helped the 105-Test veteran deal with vertigo and he has also been having treatment for the migraines, which leave him dizzy, but the tinnitus has not abated.

Published 11 Dec, 2020 10:02am

Pakistan

First Virgin Atlantic flight lands in Islamabad

Special Assistant to Prime Minister Imran Khan (SAPM) for Overseas Pakistanis Zulfikar Bukhari along with British High Commissioner Christian Turner welcomed Virgin Airlines at Islamabad Airport.
The airline will be operating a weekly eight-flight operation in Islamabad and Lahore.

Published 11 Dec, 2020 09:45am

Middle East

International court to sentence killer of Lebanon's Hariri

The UN Security Council agreed in 2007 to establish the court, billed as the world's first international tribunal set up to probe terrorist crimes.

Published 11 Dec, 2020 09:57am

World

Australian Covid vaccine dropped over false positive HIV result

The government said the announcement did not change the planned roll-out of other vaccines to begin in March.

Published 11 Dec, 2020 09:55am

Sports

Ace lifts Olson to US Women's Open first-round lead

The championship rescheduled from June because of the Covid-19 pandemic drew nine of the world's top 10.

Published 11 Dec, 2020 09:53am

Business & Finance

Gary Cohn giving to charity to resolve Goldman 1MDB impasse

Bloomberg News reported Thursday that Goldman had sought more than $10 million in back compensation from Cohn, but it was not clear if he planned to donate that entire sum.

Published 11 Dec, 2020 09:52am

World

Argentine president says he'll get Russia vaccine to dispel fears

"I will be the first to be vaccinated so that no one need be afraid," Fernandez told a press conference in Buenos Aires, where he announced the purchase from Russia of enough vaccines for 10 million people.

Published 11 Dec, 2020 09:50am

Despite historic diversity, Biden faces pressure with cabinet picks

For the general who retired in 2016 to take the Pentagon reins, Congress would need to grant him a waiver because of a law that bars any veteran from becoming secretary of defense unless they have been out of the military for seven years.

Published 11 Dec, 2020 09:47am

Sports

Robinho's nine-year rape conviction upheld in Italian court

Robinho started his career at Santos in 2002 and joined Real Madrid in 2005, then going on to play for Manchester City from 2008 to 2010, and Milan for four years until 2014.

Published 11 Dec, 2020 09:45am

Europe

French court to rule in ex-president Sarkozy's corruption trial

Sarkozy, who led France from 2007 to 2012, had told the court Monday that he "never committed the slightest act of corruption" and vowed to go "all the way" to clear his name.

Published 11 Dec, 2020 09:44am

US considers Pfizer Covid-19 vaccine approval

Another question is how well the shot will stop virus transmission, and whether it will be effective in children, pregnant women, and the immunocompromised.

Published 11 Dec, 2020 09:41am

Africa

Ghana's opposition candidate rejects election results

"We will not accept what we know is a fraudulent outcome of these elections and we will take all legitimate steps to reverse this tragedy of justice," John Mahama told a news conference.

Published 11 Dec, 2020 09:40am

World

Exclusive: U.S. set to sanction Turkey over Russian defense system - sources

Two sources familiar with the matter, including a U.S. official speaking on the condition of anonymity, said President Donald Trump had given aides the blessing for the sanctions.

Published 11 Dec, 2020 09:37am

Sports

West Indies to bowl on green strip in 2nd New Zealand Test

The return of wicketkeeper BJ Watling has allowed Tom Blundell to return to his opening slot alongside stand-in captain Latham while Will Young moves to number three.

Published 11 Dec, 2020 09:37am

World

Bolsonaro says Brazil at 'tail end' of pandemic

Bolsonaro has been at odds with health experts over how to respond to the pandemic.

Published 11 Dec, 2020 09:35am

USA

Cuba will unify its two currencies as of January 1: president

We consider the conditions met to announce the start of this reform beginning January 1, 2021.

Published 11 Dec, 2020 09:33am

Sports

Cummins hoping to break mould as bowling Test captain

Cummins will line-up in Adelaide next week for the opening Test having not played red-ball cricket for 11 months -- his longest gap since his Test debut in 2011.

Published 11 Dec, 2020 09:31am

US flies two B-52s over Gulf in message for Iran

Since then Iran has been expected to try to retaliate, and even more so since the assassination inside Iran of senior nuclear scientist Mohsen Fakhrizadeh last month, which Tehran blames on Israel.

Published 11 Dec, 2020 09:21am

World

EU leaders save landmark budget as Brexit looms

Leaders were looking to salvage the EU's 1.8-trillion-euro ($2.1-trillion) budget and coronavirus recovery package, seen as vital for the continent's battered economies, after it was blocked by Hungary and Poland over provisions linking it to the respect for rule of law.

Published 11 Dec, 2020 09:18am

World

Shortages, jams and shutdowns: UK readies for Brexit 'no-deal' chaos

Asked by journalists on Thursday whether families should stock-pile food, a government spokesman sought to reassure the public, saying: "We have a resilient supply chain."

Published 11 Dec, 2020 09:12am

World

US hits Chechen leader, Yemenis, Haitians with sanctions

Additionally, three Haitians -- one a gang leader and two who were government officials at the time -- accused of responsibility for the November 2018 La Saline attack that left 71 people dead were also named for sanctions.

Published 11 Dec, 2020 09:10am

EU lawmakers reach deal on online anti-terror rules

The accord is designed to permit material of an educational, journalistic or artistic nature or facilitating research designed to raise awareness of the danger terrorism poses.

Published 11 Dec, 2020 09:08am

World

Bethlehem to hold midnight mass without public

Days before, the PA imposed a new lockdown in several governorates in the Israeli-occupied West Bank and extended a curfew in force in the evenings and weekends throughout the territory to combat a surge in novel coronavirus infections.

Published 11 Dec, 2020 09:06am

Commodities

Palm oil may retest resistance at 3,474 ringgit

This move suggests that the bulls have not given up breaking 3,411 ringgit. Indeed, this resistance looks vulnerable under the third attacks by bulls. It may be broken on either Friday or next Monday.

Published 11 Dec, 2020 09:04am

Commodities

Spot gold neutral in $1,828-$1,846 range

Mathematically, this wave is closely related to the preceding downtrend from the Nov. 9 high of $1,965.33. A break above $1,846 could lead to a gain to $1,861.

Published 11 Dec, 2020 09:01am

Stocks

Australia shares eye sixth weekly gain on iron ore rally, stimulus hopes

Energy stocks rose 2% as vaccine optimism drove oil prices to their highest since March. Shares of Whitehaven Coal and Beach Energy, up about 6% and 5% respectively, gained the most.

Published 11 Dec, 2020 08:57am

Stocks

Gold stocks likely to push Australian shares lower on open, NZ up

Safe-haven gold eased on Thursday, as persistent vaccine optimism drove investors towards risk assets.

Published 11 Dec, 2020 08:55am

Stocks

Equities mixed as stalled stimulus, Brexit talks offset vaccines

While most observers are confident the world economy will enjoy a healthy recovery next year as inoculations are administered, the immediate impact of the disease as countries endure a fresh wave was acting as a drag on trading floors.

Published 11 Dec, 2020 08:48am

Stocks

Hong Kong stocks up at open

The Hang Seng Index rose 0.85 percent, or 223.62 points, to 26,634.21.

Published 11 Dec, 2020 08:46am

EU opens path for sanctions against Turkey

"The chosen measures will be sanctions on individuals, and supplementary measures could be decided if Turkey pursues its actions," a diplomat told AFP.

Published 11 Dec, 2020 08:45am

Stocks

Tokyo stocks open slightly higher after mixed Wall St close

Among major shares in Tokyo, shipping firms were down, with Nippon Yusen declining 1.13 percent to 2,367 yen, Mitsui O.S.K. Lines dropping 0.57 percent to 2,975 yen, and Kawasaki Kisen down 2.37 percent at 1,939 yen.

Published 11 Dec, 2020 08:42am

BR Research

Interview with Muhammad Aamir Ghaziani, CFO - K Electric

“Perception of underutilization of FO-based plants by KE is wrong” Muhammad Aamir Ghaziani is the Chief...

Published 11 Dec, 2020 07:45am

BR Research

Food prices: Worries ahead

The SPI has been on a decline. The number is in red for four out of the last five weeks. The index is down by 1.1...

Published 11 Dec, 2020 07:35am

BR Research

Covid keeps rising

The more you listen to experts, the more you know Pakistan has not reached the peak of the second wave. Of late,...

Published 11 Dec, 2020 07:25am

Business & Finance

First rail network opens between Iran and Afghanistan

HERAT: An Iranian goods train carrying tonnes of agricultural products chugged into a western Afghan province...

Updated 11 Dec, 2020 04:12am

Yarn Prices

Karachi Yarn Market Rate

KARACHI: Karachi Yarn Market Rates on Thursday (December 10, 2020)

Updated 11 Dec, 2020 03:53am

Supplements

United Against Corruption: Message from Syed Murad Ali Shah Chief Minister Government of Sindh

Government of Sindh is striving extremely hard to maintain the pace of development in Sindh even though Covid-19 has...

Updated 11 Dec, 2020 03:52am

Pakistan

PRGMEA chairman grieved

KARACHI: Muhammad Naqi Bar

LONDON: The euro rose on Thursday after the European Central Bank unveiled fresh stimulus measures broadly in line...

Updated 11 Dec, 2020 03:22am

Stocks

Australian, NZ shares slip

SYDNEY/WELLINGTON: Australian shares snapped a seven-day rally on Thursday,

Published 11 Dec, 2020 03:00am

USA

Trump announces Morocco latest Arab state to recognize Israel

The US president also "recognized Moroccan sovereignty over the entire Western Sahara territory," the White House said in a statement.

World

Sisi takes France's highest award on Paris visit

PARIS: President Emmanuel Macron gave his Egyptian counterpart Abdel Fattah al-Sisi France's highest award on his...

Published 11 Dec, 2020 03:00am

World

US flies two B-52s over Gulf in message for Iran

WASHINGTON: The United States deployed two B-52 long-range bombers over the Gulf Thursday in a show of force ...

Published 11 Dec, 2020 03:00am

Business & Finance

Wealth of US billionaires soars

NEW YORK: America's billionaires have seen their wealth rise by more than $1 trillion since the start of the...

Published 11 Dec, 2020 03:00am

Pakistan

EU DisinfoLab report: Pakistan condemns India's reprehensible tactics

ISLAMABAD: Pakistan on Thursday strongly condemned India's reprehensible tactics against Pakistan that have once...

Published 11 Dec, 2020 03:00am

Currency	Rate
USD PKR Interbank Selling / Jun 24	278.40
USD PKR Interbank Buying / Jun 24	278.20
USD to Japanese Yen / Jun 26	161.72
USD to Swiss Franc / Jun 26	0.81
Pound Sterling to USD / Jun 26	1.32
Euro to USD / Jun 26	1.14
SOFR % / Jun 26	3.61

Stock	Volume
S&P 500 / Jun 25	7,357.49
India Sensex / Jun 25	77,100.47
Nasdaq / Jun 25	25,358.60
Dow Jones / Jun 25	51,920.62
Tokyo Nikkei / Jun 26	68,853.35
Hang Seng / Jun 26	22,645.31
FTSE 100 / Jun 26	10,459.33
Germany DAX 30 / Jun 26	24,706.87
France CAC40 / Jun 26	8,385.08

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 24	18,280
Gold 10 Grams PKR / Jun 24	368,985
Crude Oil USD/Barrel / Jun 26	70.44
Gold Spot USD/Ounce / Jun 26	4,032.47
Cotton US¢/pound / Jun 26	76.16
Petrol/Litre / Jun 27	299.50
Diesel/Litre / Jun 27	311.47

Stock	Price
Ghani Chemworld Limited (R) / Jun 24 Ghani Chemworld Limited Right(GCWLR)	8.01 ▲ 1 (14.27%)
Gulistan Sp. / Jun 24 Gulistan Spinning Mills Limited(GUSM)	10.01 ▲ 0.94 (10.36%)
Ali Asghar / Jun 24 Ali Asghar Textile Mills Limited(AATM)	57.61 ▲ 5.24 (10.01%)
Al-Shaheer Corp / Jun 24 Al Shaheer Corporation Limited(ASC)	12.20 ▲ 1.11 (10.01%)
Feroze 1888 / Jun 24 Feroze1888 Mills Limited(FML)	57.48 ▲ 5.23 (10.01%)
J.A.Textile / Jun 24 J.A. Textile Mills Limited(JATM)	33.52 ▲ 3.05 (10.01%)
Sardar Chemical / Jun 24 Sardar Chemical Industries Limited(SARC)	77.07 ▲ 7.01 (10.01%)
Buxly Paints / Jun 24 Buxly Paints Limited(BUXL)	251.72 ▲ 22.88 (10%)
Chashma / Jun 24 Chashma Sugar Mills Limited(CHAS)	101.19 ▲ 9.2 (10%)
Fateh Sports / Jun 24 Fateh Sports Wear Limited(FSWL)	111.29 ▲ 10.12 (10%)

Stock	Price
First Fid. Leasing / Jun 24 First Fidelity Leasing Modaraba(FFLM)	22.28 ▼ -2.47 (-9.98%)
Int. Knit. / Jun 24 International Knitwear Limited(INKL)	100.26 ▼ -11.12 (-9.98%)
Aruj Industries / Jun 24 Aruj Industries Limited(ARUJ)	10.80 ▼ -1.14 (-9.55%)
NIT PakistanXD / Jun 24 NIT Pakistan Gateway ETF(NITGETF)	37.25 ▼ -3.75 (-9.15%)
Aisha Steel(ConPS) / Jun 24 Aisha Steel(ConPS)(ASLPS)	23.52 ▼ -2.32 (-8.98%)
Pakgen Power / Jun 24 Pakgen Power Limited(PKGP)	43.13 ▼ -3.72 (-7.94%)
First AL-Noor Mod. / Jun 24 First Al-Noor Modaraba(FANM)	7.06 ▼ -0.51 (-6.74%)
Zuma Resources / Jun 24 Zuma Resources Limited(ZUMA)	104.71 ▼ -7.26 (-6.48%)
Popular Islamic / Jun 24 Popular Islamic Modaraba(PIM)	22.28 ▼ -1.26 (-5.35%)
TPL Insurance / Jun 24 TPL Insurance Limited(TPLI)	25.60 ▼ -1.44 (-5.33%)

Stock	Volume
K-Electric Ltd. / Jun 24 K-Electric Limited(KEL)	112,892,122 ▲ 0.33
Pak Int.Bulk / Jun 24 Pakistan International Bulk Terminal(PIBTL)	73,295,107 ▲ 0.94
WorldCall Telecom / Jun 24 Worldcall Telecom Limited(WTL)	38,761,163 ▲ 0.01
Pak Elektron / Jun 24 Pak Elektron Limited(PAEL)	31,348,609 ▲ 1.02
Maple Leaf Cement / Jun 24 Maple Leaf Cement Factory Limited(MLCF)	27,194,838 ▲ 3.85
PIA Holding Co.Ltd / Jun 24 PIA Holding Company Limited(PIAHCLA)	21,872,379 ▲ 1.92
Kohinoor Spinning / Jun 24 Kohinoor Spinning Mills Limited(KOSM)	20,610,130 ▲ 0.11
Sui South Gas / Jun 24 Sui Southern Gas Company Limited(SSGC)	20,069,542 ▼ -0.9
The Organic Meat / Jun 24 The Organic Meat Company Limited(TOMCL)	20,043,142 ▲ 2.92
B.O.Punjab / Jun 24 The Bank of Punjab(BOP)	18,657,800 ▲ 0.26