News Archives for Latest - 2020-12-12

South Asia

ANI, Reuters partnership helped spread disinformation material globally

EU DisinfoLab transpired that fake media outlets like ANI have pushed a pro-India agenda in EU and UN bodies to discredit Pakistan.
Reuters unwittingly gave a platform for the Indian government's propaganda and misinformation, carried out by ANI.
Both news agencies struck an agreement back in 2018, covering the distribution of ANI video content internationally and the distribution of Reuters services in the Indian market

Updated 12 Dec, 2020 10:57pm

Europe

Chile says preparing to start Pfizer COVID-19 immunization campaign

Next week, the state Institute of Public Health will review data on the performance of the vaccine, which is also expected to be used in the United States.

Published 12 Dec, 2020 09:43pm

Europe

UK records 21,502 COVID-19 cases and 519 deaths

Friday's data had shown 21,672 new cases and 424 deaths.

Published 12 Dec, 2020 09:41pm

Asia

India's Modi says on track to achieve Paris climate accord targets

India, one of the top emitters of greenhouses gases that lead to global warming, is eyeing 450 gigawatt of renewable energy capacity by 2030, Modi said.

Published 12 Dec, 2020 09:39pm

Sports

Leipzig ease past Werder to provisionally top standings

Leipzig, who have now won all six of their home games this season, earned a penalty in the 26th minute and Marcel Sabitzer converted it.

Published 12 Dec, 2020 09:33pm

Pakistan

Coca-Cola Company donates 37 ventilators

Usman Buzdar thanked the Coca Cola Company and lauded their spirit for standing beside coronavirus patients in their difficult times.

Published 12 Dec, 2020 09:30pm

Pakistan

COVID-19 positive patients surge to 893

He informed that the number of active patients in the district was 132, in which 126 were home isolated while 6 others were under treatment in district hospitals.

Published 12 Dec, 2020 09:28pm

Pakistan

CDA completes renovation, rehabilitation work of 50 parks

Portable toilets have also been installed in the parks while tenders have been issued for the landscape of the Glora morr interchange and uplifting of Srinagar Highway.

Published 12 Dec, 2020 09:26pm

Sports

McLaren interested in Formula E once Gen3 car comes in

McLaren Applied Technologies is the exclusive battery supplier until 2022. Williams Advanced Engineering has the next contract.

Updated 12 Dec, 2020 09:26pm

Sports

Koeman feeling comfortable at Barcelona despite poor results

"I'm feeling fine, even I'm not happy with how we are doing this season in the league and we're trying to get the best out of the team while using lots of young players,"

Published 12 Dec, 2020 08:51pm

Middle East

Israel normalizes ties with Bhutan

Israel has established diplomatic relations with Bhutan for the first time in its history.
Bhutan has formal diplomatic relations with only 53 countries, which does not include the United States, the United Kingdom, France or Russia.

Published 12 Dec, 2020 08:44pm

Sports

Reed joined by Canter, Fitzpatrick atop Dubai leaderboard

Overnight leader Reed finished on 11 under for the tournament in Dubai after rolling in birdies on the 15th and 18th holes after two bogeys.

Published 12 Dec, 2020 08:48pm

Sports

Verstappen snatches final pole of F1 season in Abu Dhabi

Verstappen's time was 0.025 seconds quicker than Valtteri Bottas, who urged on by team boss Toto Wolff over the team radio, still put his Mercedes on the front row.

Published 12 Dec, 2020 08:45pm

Sports

Aston Villa sink Wolves with late El Ghazi penalty

The result lifted Villa up to eighth on 18 points from 10 games while Wolves, again sorely missing injured striker Raul Jimenez, stayed 11th on 17 points from 12 games.

Published 12 Dec, 2020 08:32pm

Pakistan

Promotion of tourism, environment conservation priority of government: CM

He expressed the hope that partner organizations would give their best to achieve the set targets to make the initiative a real success.

Published 12 Dec, 2020 08:29pm

Pakistan

CM grieves over death of Prof. Dr. Zeb-un-Nisa

He also praised services of medical community in fighting corona and said their dedication and professionalism in this hour of need would always be remembered.

Published 12 Dec, 2020 08:28pm

Pakistan

ASF trainees to enhance standards of aviation security: COAS

The COAS congratulated the trainees and their families and distributed prizes among the position holders.

Published 12 Dec, 2020 08:11pm

Business & Finance

AstraZeneca to buy Alexion for $39 bln to expand in immunology

Based on a reference average ADR price of $54.14, that implies a total price of $175 per share. Alexion shares closed at around $121 apiece on Friday.

Published 12 Dec, 2020 08:06pm

Business & Finance

Rolls-Royce starts search for next chairman

Rolls-Royce's board has begun the process of identifying a successor to Ian Davis, the report said, adding an appointment was unlikely to be announced until well into next year.

Updated 12 Dec, 2020 08:06pm

World

Declare states of 'climate emergency,' U.N. chief tells world leaders

World leaders should declare states of “climate emergency” in their countries to spur action to avoid catastrophic global warming, U.N. Secretary General Antonio Guterres said in opening remarks to a climate summit on Saturday.
More than 70 world leaders were due to address the one-day virtual gathering aimed at building momentum for much steeper cuts in planet-warming emissions on the fifth anniversary of the 2015 Paris climate accord.

Published 12 Dec, 2020 08:00pm

Middle East

Exclusive: Trump administration moves forward with $1 billion Moroccan arms deal

President Donald Trump’s administration moved forward with $1 billion in sales of drones and precision-guided weapons to Morocco on Friday.
News of the deal came as the White House announced an agreement brokered with U.S. help for Morocco to normalize relations with Israel.

Published 12 Dec, 2020 07:54pm

Europe

Poland sees COVID-19 vaccination capacity at 3.4mn doses a month

Poland, a country of around 38 million people, had by Saturday reported close to 1.13 million COVID-19 cases and 22,676 deaths from the disease.

Published 12 Dec, 2020 07:42pm

Europe

Dutch COVID-19 cases rise at fastest pace since October

The latest confirmed cases took the total number during the pandemic to more than 600,000, with more than 10,000 deaths in the country.

Published 12 Dec, 2020 07:38pm

Pakistan

Gold prices increase Rs350 to Rs110,800 per tola

The price of per tola and ten gram silver remained stable at Rs. 1220 and Rs. 1045.95 respectively.

Updated 12 Dec, 2020 07:37pm

Pakistan

Bilateral relations between Italy, Pakistan getting stronger: envoy

KARACHI: Italian Consul General in Karachi Danilo Giurdanella said on Friday that economic, trade and defence ties...

Updated 12 Dec, 2020 07:31pm

USA

U.S. House Democrat slams Trump trade policies, urges Biden to work with allies

The head of the powerful U.S. House of Representatives Ways and Means Committee on Friday slammed what he called President Donald Trump’s “unsophisticated response” to China’s ambitions and called for a major recalibration of U.S. policies.
Chairman Richard Neal, a Democrat, urged the future administration of fellow-Democrat Joe Biden to formulate a package of programs and investment to counterbalance China.

Published 12 Dec, 2020 07:11pm

Pakistan

Bullion prices on Saturday

Following were the bullion prices in Karachi on Saturday.

Published 12 Dec, 2020 06:49pm

Pakistan

ADB’s report on recovery of Pakistan’s economy highly encouraging: Khusro

He said that with the pre-COVID improvements in macroeconomic fundamentals and strong policy response during the pandemic helped us save lives and livelihood of the people.

Published 12 Dec, 2020 06:46pm

Pakistan

India is neither ‘responsible’ nor a ‘democracy’: FO rejects MEA’s attempt to deny responsibility following disinformation exposé

"The report by EU DisinfoLab goes to further corroborate our long-held position about India’s incurable obsession with Pakistan and its unrelenting smear campaign against Pakistan," FO said.
It is time that the world saw the reality of India as a state-sponsor of terrorism and a purveyor of anti-Pakistan propaganda globally, FO added.

Updated 12 Dec, 2020 06:47pm

Pakistan

PPP's politics ended due to corruption, double-standards: Haleem Adil Sheikh

He said that on the one hand, the PPP leaders are talking about resignation, while on the other hand, a letter has been written to the Election Commission.

Published 12 Dec, 2020 06:44pm

Pakistan

Pak, China committed to take CPEC to new heights: Asad

He informed that he would personally hold four meetings in next fortnight to address all outstanding issues of CPEC projects.

Updated 12 Dec, 2020 06:42pm

South Asia

India readies for 600 million COVID vaccine jabs; to use standard cold storage - top government expert

India will deploy its vast election machinery to deliver 600 million doses of COVID-19 vaccines to the most vulnerable people in the next six to eight months through conventional cold chain systems.
Serum Institute of India, the world’s largest vaccine maker, is already mass producing and stockpiling AstraZeneca’s Covishield shot.

Published 12 Dec, 2020 06:22pm

Pakistan

PDM Lahore rally: Writ of govt will be enforced at all costs, Buzdar warns opposition

Buzdar says PDM leaders have been informed of the threats in writing and keeping in view of the situation, it is advised they postpone the rally
CM says those spreading coronavirus by holding public meetings are not sincere with the people

Published 12 Dec, 2020 05:32pm

South Asia

Japan surpasses 3,000 daily new coronavirus cases for first time

A total of 3,041 people were newly infected, NHK said. Tokyo, Japan's capital and largest city, on Saturday confirmed 621 new cases.

Published 12 Dec, 2020 05:26pm

Pakistan

National COVID positivity surges at 6.59 percent; 2,470 patients critical

Out of the total died COVID patients 91 percent of the deceased remained hospitalized whereas 58 percent of the hospitalised patients remained on ventilator, it added.

Published 12 Dec, 2020 05:25pm

Pakistan

COVID-19: Shibli urges citizens to stay away from life threatening mass gatherings

He said the public health and lives were most important for the government and since the second wave of virus had intensified.

Published 12 Dec, 2020 05:21pm

Pakistan

COVID-19 takes away 36 more lives in Punjab

The Punjab health department conducted 2,163,626 tests for COVID-19 while 114,860 confirmed cases recovered altogether in the province.

Published 12 Dec, 2020 05:19pm

Europe

Britain's navy to protect fishing waters in case of no-deal Brexit

Four Royal Navy patrol ships will be ready on Jan. 1 to help protect Britain’s fishing waters in the event the Brexit transition period ends without a deal on future ties with the European Union.
There are concerns about possible skirmishes between British and foreign fishing vessels if no trade deal is reached.

Published 12 Dec, 2020 05:18pm

Pakistan

Bullion rates in Hyderabad gold market

Following were the bullion rates in Hyderabad gold market on Saturday.

Updated 12 Dec, 2020 05:19pm

South Asia

China reports 13 new COVID-19 cases vs 15 a day earlier

The number of new asymptomatic cases, which China does not classify as confirmed cases, rose to 17 compared to seven a day earlier.

Published 12 Dec, 2020 04:54pm

Business & Finance

China leads auto industry recovery as sales top expectations

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

Published 12 Dec, 2020 04:50pm

USA

Mexico approves emergency use of Pfizer's COVID-19 vaccine

Mexico's government has already inked an agreement with Pfizer to acquire 34.4 million doses of its vaccine, with the first batch expected to arrive this month.

Published 12 Dec, 2020 04:37pm

Europe

Germany's confirmed coronavirus cases rise by 28,438

The reported death toll rose by 496 to 21,466, the tally showed.

Published 12 Dec, 2020 04:34pm

World

U.S. FDA authorizes Pfizer COVID-19 vaccine for emergency use

Pfizer said it would start shipping immediately and state public health systems have been planning to begin shots as early as Monday.

Published 12 Dec, 2020 04:29pm

Business & Finance

Tesla teams to visit Indonesia to check on investment in EV components

Musk has said he is planning to offer a 'giant contract for a long period of time" so long as the nickel is mined "efficiently and in an environmentally sensitive way".

Published 12 Dec, 2020 04:27pm

South Asia

South Korea reports record 950 cases in COVID-19 'emergency'

The South Korean authorities warned they may tighten social-distancing restrictions to their strictest level but held off for now.

Published 12 Dec, 2020 04:24pm

World

Rocket attacks in Kabul kills one

A Taliban spokesman said that his group was not behind the attack as they continued talks with the Afghan government's representatives
Security officials said it was not clear if militants of Afghan affiliate of Islamic State, known as Islamic State Khorasan, were involved in the attack

Published 12 Dec, 2020 04:22pm

Business & Finance

World Bank approves $300mn loan to fight poverty amid COVID-19 in Ukraine

Ukraine has registered 12,811 new coronavirus cases in the past 24 hours, bringing the total number to 885,039 with 14,998 deaths since the pandemic started.

Published 12 Dec, 2020 04:22pm

Europe

Russia reports 28,137 new coronavirus cases, 560 deaths

Authorities said 560 people had died overnight, taking the official death toll to 46,453.

Published 12 Dec, 2020 04:20pm

Europe

Merkel to discuss tighter lockdown with German states on Sunday

Germany has been in partial lockdown for six weeks, with bars and restaurants closed but shops and schools open.

Published 12 Dec, 2020 04:17pm

World

Worldwide coronavirus cases cross 69.87 million, death toll at 1,588,828

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

Updated 12 Dec, 2020 04:16pm

Pakistan

IRSA releases 70,600 cusecs water

According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1476.02 feet, which was 84.02 feet higher than its dead level 1386 feet.

Published 12 Dec, 2020 03:51pm

Pakistan

PM lauds team for ensuring sugar price cut to Rs81 per kg

"MashaAllah, sugar is selling at a national average of Rs. 81 per kg vs Rs. 102 per kg a month back," the Prime Minister said in a tweet.

Published 12 Dec, 2020 03:49pm

Technology

Sehat Kahani Partners with MNC to Launch Telemedicine Helpline in Pakistan

Sehat Kahani signs a MoU with the Ministry of Narcotics Control (MNC) to Launch UMANG, a telemedicine helpline for the Youth in Pakistan.

Updated 12 Dec, 2020 03:49pm

Pakistan

CDA asked to focus on better development of industrial areas

She also demanded to reduce property tax to the previous level in order to provide badly needed relief to the business community in these tough times.

Published 12 Dec, 2020 03:47pm

Business & Finance

US orders 100mn more doses of Moderna COVID-19 vaccine

As per details, the American pharmaceutical company Moderna has confirmed that the US government has decided to buy an additional 100 million doses of its COVID-19 vaccine.

Published 12 Dec, 2020 03:44pm

Pakistan

Senior doctor dies due to coronavirus

With her death, the total number of doctors died from coronavirus infection has risen to 28 and 44 other heath workers also died across the province so far.

Published 12 Dec, 2020 03:45pm

Pakistan

PM Imran Khan to speak at global climate summit, marking 5 years of Paris accord

The UN has said that the drop in emissions due to the global coronavirus pandemic is too small to halt the rising temperatures.

Published 12 Dec, 2020 03:42pm

Pakistan

Punjab Governor calls on Saudi envoy in Islamabad

He said both the countries enjoyed warm and close bilateral relations, adding that hearts of the people in two countries beat together.

Published 12 Dec, 2020 03:38pm

USA

Texas GOP chief suggests forming 'union of states' after U.S. Supreme Court tosses election challenge

The chairman of the Texas Republican Party suggested the formation of a “Union of states that will abide by the constitution” on Friday.
Texas GOP Chairman Allen West said the Supreme Court’s order had established “a precedent that says states can violate the U.S. Constitution and not be held accountable.”

Published 12 Dec, 2020 03:35pm

Pakistan

Mustafa Nawaz Khokhar resigns as Bilawal's spokesperson

Khokhar clarified he has not quit Pakistan Peoples Party.
"In my years as his spokesperson, have given counsel with honesty, sincerity and in the best interests of the country and the party," Khokhar tweeted.

Published 12 Dec, 2020 03:27pm

Technology

Twitter Buys Screen Sharing App Squad

Twitter has announced that it has acquired Squad, a screen-sharing social app on the 11th of December.

Updated 12 Dec, 2020 03:22pm

Middle East

Iran executes dissident journalist Ruhollah Zam - state media

Iranian dissident journalist Ruhollah Zam, who was convicted of fomenting violence during the 2017 anti-government protests, was executed on Saturday, Iran’s state television reported.
Iran’s Supreme Court on Tuesday upheld the death sentence of Zam, who was captured in 2019 after years in exile.

Published 12 Dec, 2020 03:19pm

Pakistan

Punjab govt seals 13 areas surrounding Minar-e-Pakistan amid rising COVID-19 cases

The order will come into force tonight and will remain in place till December 25
Areas where smart lockdown has been imposed include Rang Mehal, Androon Shera Wala Gate, Mochi Gate, Adroon Bhatti Gate and Chuhan Road

Published 12 Dec, 2020 03:18pm

Middle East

As Israel and Moroccan Jews celebrate new ties, others are critical

The largest party in Morocco’s government faced internal wrangling over a move that some Moroccans regard as a betrayal of Palestinians.
The U.S.-brokered deal - the fourth such “normalisation” announcement involving an Arab country and Israel in as many months - also drew criticism from Moscow.

Published 12 Dec, 2020 03:07pm

USA

Supreme Court rejects Texas petition to nullify Biden's victory

On Friday, the United States Supreme Court rejected a widely-panned bid by Texas to overturn President-elect Joe Biden's electoral win.
The Supreme Court, in a brief order on Friday, rejected the petition, stating that Texas lacked the legal right to litigate over how other states conduct their elections.

Updated 12 Dec, 2020 03:03pm

South Asia

Modi says government committed to farmers' welfare

Indian Prime Minister Narendra Modi assured farmers on Saturday that reforms in the agrarian sector were aimed at helping them as thousands of farmers continued protests against three new laws to overhaul procurement and sale of produce.
Last weekend, thousands of members of the Indian diaspora held rallies in London against the new laws while over 15 Indian opposition parties supported the protest.

Published 12 Dec, 2020 02:53pm

South Asia

Rocket attacks in Kabul kills one

At least one person was killed and two were injured on Saturday in Afghanistan’s capital Kabul as ten rockets hit various parts on the city, officials said.
A Taliban spokesman said that his group was not behind the attack as they continued talks with the Afghan government’s representatives to end nearly two decades of war.

Published 12 Dec, 2020 02:36pm

Europe

No deal on Brexit trade 'very very likely', Johnson says

Britain is likely to complete its journey out of the European Union in three weeks without a trade deal.
Britain quit the EU in January but remains an informal member until Dec. 31 - the end of a transition period during which it has remained in the EU single market and customs union.

Published 12 Dec, 2020 02:29pm

Pakistan

COVID-19: Karachi records highest positivity ratio of cases with 20.88 percent

Countrywide positivity ratio has reached 6.59 percent in the past 24 hours
Gilgit Baltistan region has minimum positivity rate in the country with 1.23 percent

Published 12 Dec, 2020 02:28pm

Business & Finance

PTI Govt conducting ‘highest’ external Debt Repayment & Servicing: Hammad

The federal minister said that the PTI government is conducting the highest external debt repayment and servicing ever done by any government

Published 12 Dec, 2020 01:49pm

Pakistan

PM congratulates his team for bringing down sugar prices

"I want to congratulate my team for bringing the sugar prices down through a multi pronged strategy," PM tweeted.
Sugar is being sold at a national average of 81 rupees per kilogram.

Published 12 Dec, 2020 12:49pm

Pakistan

Karachi administration seals four restaurants for violating COVID-19 SOPs

These restaurants did not close on time as per the government's orders to close by 10pm.
10 people in Lyari were fined Rs 500 for not wearing masks in public.

Published 12 Dec, 2020 12:22pm

Business & Finance

Car sales jump 48pc in November YoY

Indus Motor Company (IMC), Honda Car (HCAR) and Pak Suzuki Motor Company (PSMC) registered sales increase of 87% YoY, 72% YoY and 16% YoY respectively.

Published 12 Dec, 2020 12:11pm

Business & Finance

FBR confiscates smuggled cigarettes worth Rs 542mn

I&I Customs seized 6.7 million smuggled cigarette cartons worth up to Rs 542 million between July and November.

Published 12 Dec, 2020 11:33am

Pakistan

PML-N workers break into Greater Iqbal Park to set up stage for PDM rally

PML-N workers broke the lock of the gate no 5 and entered the park along with the equipment to install the stage for the public rally
Lahore’s deputy commissioner had rejected PDM's request to hold a public rally at Minar-e-Pakistan ground on December 13

Published 12 Dec, 2020 11:28am

Pakistan

PM to address climate change summit by UN today

The PM will apprise the world about the efforts being made by Pakistan to mitigate the effects of climate change in the country.
Around 75 world leaders will attend the summit.

Published 12 Dec, 2020 10:41am

Business & Finance

ADB announce $9bn vaccine initiative for member countries

More than 14.3 million positive cases have been identified in Asia and the Pacific, causing more than 200,000 deaths.

Published 12 Dec, 2020 10:49am

Technology

UK aims to regulate social media firms over content removal - The Times

UK ministers will announce plans on Tuesday for a statutory duty of care, which will be enforced by Ofcom, the broadcasting regulator, the newspaper reported, without citing a source.

Published 12 Dec, 2020 10:34am

World

US approves Pfizer-BioNTech coronavirus vaccine for emergency use

Donald Trump hailed the development and said the first dose would be administered in less than 24 hours.
The US now joins Britain, Bahrain, Canada, Saudi Arabia and Mexico to approve the two-dose regimen.

Published 12 Dec, 2020 10:19am

Business & Finance

Stimulus uncertainty hems in Wall Street; Disney soars

The U.S. Senate, facing a midnight deadline on Friday, unanimously approved a one-week extension of federal funding to avoid a government shutdown and to provide more time for separate negotiations on COVID-19 relief and an overarching spending bill.

Published 12 Dec, 2020 10:30am

Business & Finance

Investors weigh blocked China companies as Sino-U.S. chill deepens

The exclusions, a response to a ban on American investment in companies named on a Pentagon list, could weigh on prices for some stocks - though only for as long as it takes for foreign buyers to pick up the spoils.

Published 12 Dec, 2020 10:20am

Business & Finance

With U.S. now in hand, BioNTech CEO looks for more vaccine production

“We need to solve the manufacturing challenge,” Ugur Sahin told Reuters in an interview. “It is very clear that more doses are needed. And we are dealing with that question - how to produce more doses.”

Published 12 Dec, 2020 10:16am

Pakistan

COVID-19 outbreak: Pakistan records 71 deaths, 2,729 new cases after rapid rise in infections

The total death tally due to the deadly disease has reached 8,724
At least 435,056 people have been infected with the virus across the country since its outbreak

Published 12 Dec, 2020 10:07am

Hafeez now finance minister; Rashid gets interior ministry

• Swati and Shah given portfolios of Railways, narcotics control, respectively

Updated 12 Dec, 2020 03:44am

Opinion

World watches as first-mover UK probes adverse reactions to Pfizer vaccine

Britain hailed "V-Day" when it became the first country to roll out the Pfizer-BioNTech COVID-19 vaccine. Yet, as...

Updated 12 Dec, 2020 03:31am

World

Biden and Harris named Time 'Person of the Year'

NEW YORK: US President-elect Joe Biden and Vice President-elect Kamala Harris were named Time magazine's 2020 ...

Updated 12 Dec, 2020 03:30am

World

Hezbollah man sentenced to life for Hariri murder

LEIDSCHENDAM, (Netherlands): An international court sentenced a fugitive Hezbollah member on Friday to five life ...

Updated 12 Dec, 2020 03:29am

Letters

PM's appeal to opposition parties

In his televised address to the nation, prime minister Imran Khan has urged the opposition parties to delay or defer...

Updated 12 Dec, 2020 03:28am

Pakistan

PPP seeks by-polls on three PA seats in Sindh

ISLAMABAD: The Pakistan Peoples Party (PPP) has written a letter to the chief Election commissioner (CEC) of ...

Updated 12 Dec, 2020 03:24am

Pakistan

Govt will not stop PDM from holding rally in Lahore: Rashid

ISLAMABAD: Newly-appointed Interior Minister Sheikh Rashid Ahmed on Friday said that government would not stop the...

Updated 12 Dec, 2020 03:24am

Pakistan

Govt decides to give major relief to private educational centres

ISLAMABAD: The federal government has decided to provide major relief to private educational institutes including...

Updated 12 Dec, 2020 03:24am

Pakistan

CM for provision of latest gadgets, training to Sindh police

LARKANA: Sindh Chief Minister Syed Murad Ali Shah has directed Inspector General of Police to further strengthen...

Updated 12 Dec, 2020 03:24am

'TREK' launched: PM for exploring untapped potential of ecotourism

ISLAMABAD: Prime Minister Imran Khan on Friday said with Pakistan having the most beautiful and undiscovered tourist...

Updated 12 Dec, 2020 03:24am

World

Two vaccines hit snags as Pfizer nears US approval

PARIS: Two vaccine candidates stumbled Friday in the race among researchers to combat Covid-19, a setback for the...

Updated 12 Dec, 2020 03:21am

Europe

Austria court overturns primary school headscarf ban

VIENNA: Austria's constitutional court on Friday struck down a law introduced last year which banned the headscarf ...

Updated 12 Dec, 2020 03:21am

Life & Style

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time)

Updated 12 Dec, 2020 03:20am

Pakistan

Last solar eclipse of year on 14th

KARACHI: The year's last solar eclipse is happening on Dec 14, next week, but could not be seen in Pakistan, the Met...

Updated 12 Dec, 2020 03:20am

Pakistan

Promotion of lecturers: SHC issues notices to officials

KARACHI: The Sindh High Court (SHC) on Friday issued notices to chief secretary and secretary of education in a...

Updated 12 Dec, 2020 03:19am

Pakistan

Election of Mayor Islamabad: ECP to issue schedule today

ISLAMABAD: The Election Commission of Pakistan (ECP) is scheduled to issue today (Saturday) the details of the...

Updated 12 Dec, 2020 03:19am

Pakistan

Steering committee formed to oversee CPEC in KP

ISLAMABAD: National Assembly Speaker Asad Qaiser has approved the establishment of a steering committee under the...

Updated 12 Dec, 2020 03:19am

Pakistan

EU to give 58 million for education and water in B'stan

ISLAMABAD: The European Union will provide 58 million (Rs11.1 billion) to support the government of Balochistan in...

Updated 12 Dec, 2020 03:19am

Pakistan

South Asia: Community health workers call for recognition, respect

KARACHI: Community health workers across South Asia are calling for their work to be recognised, describing in a...

Updated 12 Dec, 2020 03:18am

Pakistan

Himalayan bears: IHC directs IWM Board to review decision

ISLAMABAD: The Islamabad High Court (IHC) Friday directed the Islamabad Wildlife Management Board to review its...

Updated 12 Dec, 2020 03:17am

Pakistan

Pakistan summons Indian diplomat over ceasefire violations

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

Updated 12 Dec, 2020 03:16am

Life & Style

Actress Barbara Windsor dies

LONDON: Actress Barbara Windsor, best known as the buxom, blonde-haired star of Britain's hit "Carry On" film...

Updated 12 Dec, 2020 03:14am

Pakistan

Coronavirus claims 23 more lives in Sindh: CM

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that 23 more patients of coronavirus died lifting the...

Updated 12 Dec, 2020 03:13am

UK slaps sanctions on Rao Anwar

ISLAMABAD: The UK government has placed a travel ban and economic sanctions on former Senior Superintendent of ...

Updated 12 Dec, 2020 03:13am

Eni looking to sell assets in Pakistan in portfolio rethink

MILAN: Italian energy group Eni is looking to sell assets in Pakistan as part of moves to refocus its oil and gas...

Updated 12 Dec, 2020 03:13am

SBP issues forex rules for entities operating in STZs

KARACHI: The State Bank of Pakistan (SBP) has issued special foreign exchange regulations for entities operating in...

Updated 12 Dec, 2020 03:13am

External public debt stands at $77.9 billion: EAD

ISLAMABAD: Pakistan's total external public debt stood at $77.9 billions as of June 30, 2020 compared to $73.4...

Updated 12 Dec, 2020 03:13am

FTO takes action against delay in refunds under FASTER

ISLAMABAD: The Federal Tax Ombudsman (FTO) has taken prompt action on hundreds of complaints filed by exporters...

Updated 12 Dec, 2020 03:13am

Operations of two fertilizer plants allowed by cabinet

ISLAMABAD: The Federal Cabinet has allowed operations of two fertilizer plants on rotation, following the Petroleum...

Updated 12 Dec, 2020 03:13am

EU leaders agree climate target, budget after wrangles

BRUSSELS: EU leaders on Friday agreed an ambitious target for cutting greenhouse gas emissions after unlocking the...

Updated 12 Dec, 2020 03:13am

Pakistan

Fazl accused of having contacts with MI6, Ajit Doval

ISLAMABAD: A top minister of Prime Minister Imran Khan's administration on Friday accused Jamiat Ulema-e Islam-Fazl...

Updated 12 Dec, 2020 03:13am

Business & Finance

Brexit hopes dim as Johnson says failure 'very likely'

LONDON: A Brexit trade deal between Britain and the European Union looked to be hanging in the balance on Friday,...

Published 12 Dec, 2020 02:52am

Business & Finance

Britain finalises free trade pact with Vietnam

HANOI: Britain and Vietnam on Friday finalised a free trade agreement, the second deal London has reached in...

Published 12 Dec, 2020 02:52am

Business & Finance

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

BEIJING: China will strive to keep economic operations "within a reasonable range" next year, as Beijing seeks to...

Published 12 Dec, 2020 02:52am

Pakistan

Sindh CM informs SC: KCR should be revived in line with modern railway mass transit system

ISLAMABAD: Sindh Chief Minister Murad Ali Shah informed the apex court that revival of old Karachi Circular Railway...

Published 12 Dec, 2020 02:52am

EU DisinfoLab report: Pakistan seeks probe into India's propaganda

ISLAMABAD: Pakistan on Friday urged the United Nations, its Human Rights Council, and the European Parliament to...

Published 12 Dec, 2020 02:52am

SPI decreases 0.26 percent WoW

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on December 10, 2020 recorded a decrease of 0.26...

Published 12 Dec, 2020 02:52am

Virgin Atlantic's maiden flight lands in Islamabad

ISLAMABAD: British airline Virgin Atlantic's maiden flight to Pakistan landed in Islamabad Friday morning. The ...

Published 12 Dec, 2020 02:52am

Jul-Nov remittances up 27 percent YoY

KARACHI: Inflows of workers' remittances maintained strong growth, posting an increase of 27 percent during the ...

Published 12 Dec, 2020 02:52am

PM briefed about 'positive' developments

ISLAMABAD: Soon after taking oath, Dr Abdul Hafeez Shaikh in a briefing to the Prime Minister Imran Khan spoke about...

Published 12 Dec, 2020 02:52am

Stocks

Stocks slip, dollar gains as concerns remain over stimulus talks

S&P 500, Nasdaq end lower, Dow up slightly.
European stocks close down 0.8%.
Sterling lower as no trade deal on Brexit likely.
Dollar gets boost as risk sentiment sours.

Published 12 Dec, 2020 02:54am

Forex

US dollar net shorts hit highest in more than two months

The value of the net short dollar position was $29.02 billion in the week ended Dec. 8, from net shorts of $25.74 billion the previous week.
US dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound and Swiss franc.

Updated 12 Dec, 2020 02:54am

Pakistan

The Weather

KARACHI: The weather report on Friday (December 11, 2020) and the forecast for Saturday (December 12, 2020)....

Published 12 Dec, 2020 02:52am

Pakistan

Minister asks PDM to defer public rallies

LAHORE: Punjab Housing and Urban Development Minister Mian Mahmood-ur-Rasheed has said that the opposition parties...

Published 12 Dec, 2020 02:52am

Pakistan

PDWP approves five more uplift schemes

LAHORE: The Punjab Provincial Development Working Party (PDWP) has approved five development schemes of various...

Published 12 Dec, 2020 02:52am

Pakistan

Punjab reports 647 fresh corona cases, 19 deaths

LAHORE: The positive rate of coronavirus cases in Punjab remained 3.88 percent, as out of total 16,645 tests...

Published 12 Dec, 2020 02:52am

Pakistan

CM announces mega projects worth billions for uplift of Lahore

LAHORE: Announcing mega projects worth billions of rupees for the development of Lahore City, Punjab Chief Minister...

Published 12 Dec, 2020 02:52am

Pakistan

Illicit trade challenge can be tackled through tech, digitization: Ishrat

LAHORE: Advisor to Prime Minister and former governor SBP, Dr Ishrat Hussain at a session on illicit trade by the...

Published 12 Dec, 2020 02:52am

Pakistan

Bilawal for end to 'establishment's role in govt formation'

LAHORE: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari said that the establishment's role in ...

Published 12 Dec, 2020 02:52am

Pakistan

Maryam, Bilawal discuss PDM rally

LAHORE: Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari met with the Pakistan Muslim League-Nawaz...

Published 12 Dec, 2020 02:52am

Pakistan

Pakistan confers civil award on Chinese commerce minister

BEIJING: Pakistan has awarded Zhong Shan, Minister for Commerce with the "Hilal-i-Pakistan" award in recognition of...

Published 12 Dec, 2020 02:52am

Technology

Unlawful online content removal: PTA rejects impression created by AIC

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has termed the impression created by the Asia Internet...

Published 12 Dec, 2020 02:52am

Technology

Webinar on exploration of IT markets of Saudi Arabia and UAE held

KARACHI: A webinar to explore IT markets of Saudi Arabia and United Arab Emirates was organized by TDAP on December...

Published 12 Dec, 2020 02:52am

Rates.SBP

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 12 Dec, 2020 02:52am

Rates.Banks

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 12 Dec, 2020 02:52am

Forex

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (December...

Published 12 Dec, 2020 02:52am

Forex

Currency notes: exchange rates

KARACHI: Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan...

Published 12 Dec, 2020 02:52am

Rates.LIBOR

LIBOR calculating interest on US dollar

KARACHI: London Interbank Offer Rates on for calculating interest on special US dollar on Friday (December 11, ...

Published 12 Dec, 2020 02:52am

Rates.SBP

Bill buying rates per unit of currency

KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ...

Published 12 Dec, 2020 02:52am

Forex

Banks rates for currency notes (buying and selling)

KARACHI: The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on ...

Published 12 Dec, 2020 02:52am

Forex

Open market rates of foreign currencies

KARACHI: Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (December...

Published 12 Dec, 2020 02:52am

Forex

Currency values in terms of Special Drawing Rights

WASHINGTON: The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special...

Published 12 Dec, 2020 02:52am

Rates.LIBOR

LIBOR interbank offered rates

LONDON: London Interbank Offered Rates (LIBOR) on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Friday (December 11, 2020). ========================== KIBOR...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI Managed Growth Fund Rates

KARACHI: Jubilee Life Insurance Managed Growth Fund Rates on Friday (December 11, 2020). ========================...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI Capital Growth Fund Rates

KARACHI: Jubilee Life Insurance Capital Growth Fund Rates on Friday (December 11, 2020). ========================...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI MEESEQ Fund Rates

KARACHI: JLI Meeseq Fund Rates on Friday (December 11, 2020). ======================== Offer Price 1,187.5215 Bid...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI YAQEEN GROWTH FUND RATES

KARACHI: JLI Yaqeen Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI MANAGED TAKAFUL FUND

KARACHI: JLI Managed Takaful Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.JLI

JLI CAPITAL GROWTH TAKAFUL FUND

KARACHI: JLI Capital Growth Takaful Fund Rates on Friday (December 11, 2020). ======================== Offer ...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU Managed Growth Fund Rates

KARACHI: EFU Managed Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU Pension Growth Fund Rates

KARACHI: EFU Pension Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU Capital Growth Fund Rates

KARACHI: EFU Capital Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU Aitemad Growth Fund Rates

KARACHI: EFU Aitemad Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU GUARANTEED GROWTH FUND RATES

KARACHI: EFU Guaranteed Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU AGGRESSIVE FUND RATES

KARACHI: EFU Aggressive Fund Rates on Friday (December 11, 2020). ======================== Offer Price 1,443.3646...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU TAKAFUL GROWTH FUND RATES

KARACHI: EFU Takaful Growth Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU TAKAFUL AGGRESSIVE FUND RATES

KARACHI: EFU Takaful Aggressive Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Rates.EFU

EFU TAKAFUL CONSERVATIVE FUND RATES

KARACHI: EFU Takaful Conservative Fund Rates on Friday (December 11, 2020). ======================== Offer Price...

Published 12 Dec, 2020 02:52am

Stocks

Dates of Closure of Books & Annual General Meetings

KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ...

Published 12 Dec, 2020 02:52am

Rates.PSX

Clearing Schedule for T+2 System

KARACHI: Pakistan Stock Exchange's Clearing Schedule for T+2 System....

Published 12 Dec, 2020 02:52am

Rates.PSX

Proposed right issues

KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange....

Published 12 Dec, 2020 02:52am

Stocks

Last date of renunciation/payment

KARACHI: Last dates of renunciation/payment....

Published 12 Dec, 2020 02:52am

Rates.PSX

Dividend/Bonus Announcements

KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange....

Published 12 Dec, 2020 02:52am

Rates.PSX

BOARD MEETINGS

KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange....

Published 12 Dec, 2020 02:52am

Stocks

Electronic/credit of dividend warrants/bonus/right share certificates

KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates....

Published 12 Dec, 2020 02:52am

Rates.BR Index

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Friday (December 11, 2020). ==================================== BR...

Published 12 Dec, 2020 02:52am

Stocks

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on Friday...

Published 12 Dec, 2020 02:52am

Mutual Funds

Mutual Funds Association of Pakistan

KARACHI: Mutual Funds Association has issued open-end funds daily prices for Friday (December 11, 2020)...

Published 12 Dec, 2020 02:52am

Rates

Member to Member

KARACHI: The following transactions member to member subsequently reported on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Rates

Cross Transactions between Client to Client & Financial Institutions

KARACHI: The following were the cross transactions between client to client & financial institutions here on...

Published 12 Dec, 2020 02:52am

Rates

Revised Rates of Debt Securities

KARACHI: The following were the revised rates of debt securities on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Rates.The Rupee

THE RUPEE: Largely unchanged

KARACHI: On Friday close, PKR remained largely unchanged except for a half rupee loss against Euro in open market....

Published 12 Dec, 2020 02:52am

Forex

Kerb buying and selling rate of US dollar

KARACHI: Dollar buying and selling rate in the kerb market in rupees on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Forex

Dollar's rate in interbank market

KARACHI: Interbank closing rates for dollar on Friday (December 11, 2020). ======================== Bid Rate...

Published 12 Dec, 2020 02:52am

Rates.Ports

Shipping Intelligence

KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Paper

Lahore Paper Market Rates

LAHORE: Paper market rates in rupees on Friday (December 11, 2020). ======================================= Offset...

Published 12 Dec, 2020 02:52am

Grains

Lahore Grain Market Rates

LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 11, 2020)...

Published 12 Dec, 2020 02:52am

Rates.LME

LME official prices

LONDON: The following were Thursday official prices....

Published 12 Dec, 2020 02:52am

Energy

Lesco reports 2pc cut in line losses in 3 years

LAHORE: Line losses at the Lahore Electric Supply Company (LESCO) network have reduced by 2 percent to 12 percent at...

Published 12 Dec, 2020 02:52am

Energy

LNG purchase at higher price: Khaqan accuses govt of causing Rs15 billion loss

ISLAMABAD: Former prime minister and Pakistan Muslim League-Nawaz (PML-N) senior leader Shahid Khaqan Abbasi on...

Published 12 Dec, 2020 02:52am

Energy

Work resumes on Nord Stream 2 pipeline

BERLIN: Construction work resumed Friday on the disputed Nord Stream 2 pipeline which is to bring Russian gas to...

Published 12 Dec, 2020 02:52am

Stocks

S&P downgrade compounds Sri Lanka's foreign debt worries

COLOMBO: S&P Global Ratings downgraded Sri Lanka by one notch Friday as international credit agencies worried...

Published 12 Dec, 2020 02:52am

Grains

Indian rice prices rise to two-month high

BENGALURU: Rice export prices in India rose for a third straight week to its highest in more than two months due to...

Published 12 Dec, 2020 02:52am

Grains

Euronext wheat rises from two-month low

PARIS: Euronext wheat climbed with Chicago on Thursday, supported by signs that Russia is considering export...

Published 12 Dec, 2020 02:52am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 163,740 tonnes of cargo comprising 126,132 tonnes of import cargo and 37,608 ...

Published 12 Dec, 2020 02:52am

Energy

US natural gas futures jump on big storage draw

NEW YORK: US natural gas futures jumped over 4% on Thursday on a bigger-than-expected storage draw and forecasts for...

Published 12 Dec, 2020 02:52am

Grains

CBOT corn futures fall

CHICAGO: Chicago Board of Trade corn futures eased on Thursday after the US Department of Agriculture (USDA)...

Published 12 Dec, 2020 02:52am

Grains

Raw sugar sinks

LONDON: Raw sugar futures on ICE fell on Friday as investors shied away from risk in wider markets and speculation ...

Published 12 Dec, 2020 02:52am

Energy

Oil pulls back amid NY coronavirus curbs

NEW YORK: Oil prices turned lower on Friday, as demand worries due to new coronavirus-related restrictions on...

Published 12 Dec, 2020 02:52am

Energy

Re0.57/unit increase in Discos' tariffs for October sought

ISLAMABAD: Central Power Purchasing Agency -Guaranteed (CPPA-G) has sought an increase of Re 0.57 per unit in ...

Published 12 Dec, 2020 02:52am

Opinion

Options investors swarm value stocks on hopes of economic reopening

Retail investors are stepping up their options buying, pouring money into airlines, small caps and other potential...

Published 12 Dec, 2020 02:52am

Opinion

Take off

If you are anything like me, you are probably eternally late on your reading, and throw most of the "to read stuff"...

Published 12 Dec, 2020 02:52am

Opinion

Emerging business independence

There is something unique in the air of Sialkot which makes this city different from the rest in the country, if not...

Published 12 Dec, 2020 02:52am

Rates.BR Index

PSX stays in green zone: BRIndex100 ascends

KARACHI: A positive momentum was observed at Pakistan Stock Exchange (PSX) on the last trading day Friday....

Published 12 Dec, 2020 02:52am

Industry

APAT refuses to hold talks with PTI govt over tax issues

LAHORE: All Pakistan Anjuman-e-Tajran (APAT) Central Secretary General Naeem Mir has refused to hold talks with PTI...

Published 12 Dec, 2020 02:52am

Industry

Dawood assures fan makers of full support

ISLAMABAD: Abdul Razak Dawood, the Advisor to the Prime Minister on Commerce and Investment met with the...

Published 12 Dec, 2020 02:52am

Taxes

FBR establishes CITRO for centralised payment of refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has established a Centralized Income Tax Refund Office (CITRO) at the...

Published 12 Dec, 2020 02:52am

Industry

MCML plans to commence production in two shifts

KARACHI: Master Changan Motors Limited (MCML) is planning to commence production in second shift by April 2021 to...

Published 12 Dec, 2020 02:52am

Industry

Financial support for cottage industry approved

LAHORE: The 113th Board meeting of the Punjab Small Industries Corporation on Friday approved the financial support...

Published 12 Dec, 2020 02:52am

Money & Banking

Cuba will unify its two currencies as of January 1

HAVANA: Cuba will unify its two currencies, the Cuban peso and convertible peso, as of January 1, ending a unique...

Published 12 Dec, 2020 02:52am

Industry

US producer prices rise moderately; Covid-19 seen taming inflation

WASHINGTON: US producer prices barely rose in November, supporting views that inflation would remain benign in the...

Published 12 Dec, 2020 02:52am

Commodities

CBOT soyabean futures ease after USDA cuts stocks

CHICAGO: Chicago Board of Trade soyabean futures retreated on Thursday after the US Department of Agriculture (USDA)...

Published 12 Dec, 2020 02:52am

Cotton & Textile

Cotton spot rate falls by Rs100 to Rs9400

KARACHI: The Spot Rate Committee of the Karachi Cotton Association on Friday has decreased the spot rate by Rs 100 ...

Published 12 Dec, 2020 02:52am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 11, 2020)....

Published 12 Dec, 2020 02:52am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 8.729...

Published 12 Dec, 2020 02:52am

Money & Banking

Aussie, kiwi strongest since 2018

SYDNEY: The Australian dollar surged to a 2-1/2 year peak led by soaring prices for iron ore - the country's top...

Published 12 Dec, 2020 02:52am

Money & Banking

Sterling falls

LONDON: Sterling skidded lower on Friday and implied volatility surged as markets increasingly priced the risk of...

Published 12 Dec, 2020 02:52am

Money & Banking

Early trade in New York: Dollar gets boost as risk sentiment sours

NEW YORK: The greenback bounced on Friday as concerns over delayed US fiscal stimulus amid a surge in Covid-19 cases...

Published 12 Dec, 2020 02:52am

Money & Banking

Dollar springs back in Europe

LONDON: Pressure was easing on the dollar on Friday, with the currency set to end three straight weeks of declines,...

Published 12 Dec, 2020 02:52am

Commodities

Palm oil logs near 1 percent weekly fall

KUALA LUMPUR: Malaysian palm oil futures firmed on Friday as rival Dalian oils rallied, although the benchmark...

Published 12 Dec, 2020 02:52am

Commodities

Copper slips on profit-taking

LONDON: Copper slipped on Friday after touching another multi-year peak, hit by profit-taking amid worries about a ...

Published 12 Dec, 2020 02:52am

Cotton & Textile

Cotton set for best week since June

NEW YORK: Cotton prices hit their highest in about a year-and-a-half on Friday and were on track for their best week...

Published 12 Dec, 2020 02:52am

Cotton & Textile

New York cotton

NEW YORK: The following were the fluctuations observed during the day:...

Published 12 Dec, 2020 02:52am

Commodities

Gold surges in New York

NEW YORK: Gold rose on Friday headed for a second straight weekly gain as investors bet that a new US Covid-19 ...

Published 12 Dec, 2020 02:52am

Energy

Qatar Petroleum Trading Company participates in Pakistan LNG tender for first time

ISLAMABAD/SINGAPORE: Qatar Petroleum's newly formed trading unit participated in a buy tender by Pakistan LNG for ...

Published 12 Dec, 2020 02:52am

Taxes

Monitor & record production through UIM at factories: Manufacturers, importers will be held accountable: SRO

ISLAMABAD: The track and trace system needs to securely monitor and record production of excisable commodities...

Published 12 Dec, 2020 02:52am

Industry

Corporate insurance agents: SECP unveils new regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has barred the corporate insurance agents from...

Published 12 Dec, 2020 02:52am

Editorials

Violations of religious freedom

EDITORIAL: Following up on the annual report of the US Commission on International Religious Freedom (CIRF), the...

Published 12 Dec, 2020 02:52am

Editorials

Does KE have a convincing case?

EDITORIAL: The federal government has reportedly decided to get all stakeholders on one table to resolve outstanding...

Published 12 Dec, 2020 02:52am

Commodities

Copper slips on profit-taking amid worries on Brexit, US stimulus

Copper has been buoyed recently by bullish developments, including strong demand from China and possible supply problems.
Typically, if you have this kind of excessively bullish mood, and with this stretched positioning in the futures market, a 10% correction would not be unusual.

Published 12 Dec, 2020 12:39am

Stocks

Wall St drops as stimulus delay weighs; Disney soars

Walt Disney marks biggest intraday pct gain since March.
Energy and financials lead sectoral declines.
Qualcomm among biggest drags on S&P 500.
Indexes down: Dow 0.5%, S&P 0.8%, Nasdaq 1.0%.

Published 12 Dec, 2020 12:37am

Forex

Nigeria central bank sold dollars on forward market above 400 naira

The bank sold around $400 million to foreign investors and local companies on the forward and spot markets, traders said.
The naira on Friday hit a low of 408.19 on the over-the-counter spot market, quoted by investors and importers, in thin trade.

Published 12 Dec, 2020 12:32am

Energy

Oil pulls back amid New York coronavirus curbs

Brent futures fell 20 cents, or 0.4%, to $50.05 a barrel.
US West Texas Intermediate (WTI) crude fell 12 cents, or 0.3%, to $46.66, having risen almost 3% in the previous session.

Published 12 Dec, 2020 12:31am

Commodities

Cotton set for best week since June after WASDE report

The cotton contract for March was up 0.04 cent, or 0.1%, at 74.30 cents per lb.
We are up overall this week because of the WASDE report yesterday that showed a significant drop in production and ending stocks estimates.

Published 12 Dec, 2020 12:28am

USA

WHO expects decisions on Pfizer, Moderna, AstraZeneca vaccines in weeks

Soumya Swaminathan said the global health body could decide on Pfizer's vaccine candidate in the next "couple of weeks".
WHO approval could allow a vaccine to be deployed in some countries where national medical regulators have not yet been able to evaluate it.

Published 12 Dec, 2020 12:26am

Commodities

US wheat soars on supply worries as Russia eyes export curbs

Russia considering wheat export tax, grain export quota.
Concerns rising about tightening wheat supplies.
Tightening supplies underpin corn, soybeans.

Published 12 Dec, 2020 12:24am

Energy

US drillers add most oil and gas rigs since January: Baker Hughes

The oil and gas rig count, an early indicator of future output, rose 15 to 338 in the week to Dec. 11, energy services firm Baker Hughes Co said.
US oil rigs rose 12 to 258 this week, while gas rigs rose the most in a week since April 2019, gaining four to 79.

Published 12 Dec, 2020 12:22am

Europe

French new COVID-19 infections up again, but intensive care cases below target

early December's partial easing has led to an increase in infection rates and the daily count has not dropped to the 5,000 set by the government as a precondition for further loosening.
The total case count since the start of the pandemic rose to 2.35 million.

Published 12 Dec, 2020 12:20am

Money & Banking

Leonardo signs 200mn euro financing deal with EIB

The loan will be focused in developing high-tech products, cybersecurity services, advanced manufacturing and production efficiency.
It said the accord was aimed at supporting investment projects planned in the group's industrial plan.

Published 12 Dec, 2020 12:16am

Companies

Exxon Mobil to cut 700 jobs in Houston

The largest US oil producer had previously said it would cut its global workforce by about 15%.
Exxon and other oil companies have been slashing costs due to a collapse in oil demand due to the coronavirus pandemic and ill-timed bets on new projects.

Published 12 Dec, 2020 12:14am

South Asia

India readies for 600mn COVID vaccine jabs; to use standard cold storage

India ready for vaccines needing 2 to 8 degrees Celsius storage.
AstraZeneca, Bharat Biotech, RDIF's Sputnik V among frontrunners.
Pfizer, Moderna unlikely to be able to supply India with volumes until H2 2021.

Published 12 Dec, 2020 12:12am

USA

US Senate backs massive defense bill, despite Trump veto threat

The Republican-controlled Senate backed the bill by 84 to 13, more than the two-thirds majority needed in the 100-member chamber to override a veto.
Backers hope strong bipartisan support will prompt Trump to reconsider his threat to veto the annual bill.

Published 12 Dec, 2020 12:10am

Sports

Asian Champions League semi-final moved to preserve pitch for final

Asian soccer's governing body said the decision was made to preserve the Al Janoub Stadium pitch for the Dec. 19 continental final between the winner of Sunday's game and Iran's Persepolis.
Iran's Persepolis qualified for the decider after coming through a centralised tournament featuring team.

Published 12 Dec, 2020 12:07am

Stocks

Stocks fall, dollar rises as concerns remain over stimulus talks

S&P 500 down in afternoon NY trade.
Brexit, virus worries weigh on European shares.
Sterling lower as no trade deal on Brexit likely.
Dollar gets boost as risk sentiment sours.

Published 12 Dec, 2020 12:05am

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 24	3.62

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