News Archives for Latest - 2020-12-16

Pakistan

Govt initiates working for purchase of COVID-19 vaccine: Dr. Faisal

Dr. Faisal said that specific amount has been allocated for purchase of Corona vaccine and dispelled the impression that private sector will soon start purchasing Corona vaccine.

Updated 16 Dec, 2020 09:42pm

Pakistan

Saudi Arabia, Qatar keen to invest in Pakistan museums, says Zulfi

Zulfi Bukhari said the management of Lahore Museum would be given under the control of Archeology Department and a board would also be formed in that regard.

Updated 16 Dec, 2020 09:39pm

USA

State Dept says Pompeo to quarantine after contact with COVID-positive person

"Secretary Pompeo has been identified as having come into contact with someone who tested positive for COVID.

Published 16 Dec, 2020 09:36pm

Europe

UK PM Johnson says would be ‘inhuman’ to ban Christmas

"I want to be clear we don't want to, as I say, to ban Christmas, to cancel it," he told a media conference.

Published 16 Dec, 2020 09:33pm

Pakistan

ECC approves policies for mobile device, electric vehicle manufacturing, removes 4pc tax on local phone production

Moreover, removal of Sales Tax on locally manufactured phones was also approved in principle and modalities would be worked out in consultation with the Finance Division.

Updated 16 Dec, 2020 09:34pm

Europe

France may start COVID-19 vaccinations in last week of Dec: PM

Castex told parliament that the vaccine campaign in France would then be stepped up in January, with the elderly and other more vulnerable groups coming first in the queue.

Published 16 Dec, 2020 09:30pm

Europe

UK's Johnson says a good Brexit trade deal can be done but EU knows parameters

"We've just got to make sure that we control our own laws, and control our own waters, and there's a good deal there to be done but if not, WTO/Australia terms it is."

Published 16 Dec, 2020 09:10pm

USA

Potential $900bln U.S. COVID-19 bill to include checks for individuals –reports

The potential agreement could come as early as later on Wednesday morning, according to Politico and the Washington Post, which both cited multiple sources involved in or briefed on the ongoing talks.
Unemployment benefits would also be extended as part of the package, the reports said.

Published 16 Dec, 2020 09:20pm

Pakistan

Top Pakistani officials term Israel visit, meeting reports ‘ridiculous and pathetic’

The Israel Hayom and other Israeli media outlets reported that officials from Pakistan visited Jewish state two weeks ago with a delegation of senior officials to discuss the potential normalisation of relations.
Sayed Zulfiqar Bukhari termed reports ‘ridiculous and pathetic attempt to malign Pakistan.

Updated 16 Dec, 2020 09:16pm

Companies

Aramco may have to sell assets, borrow more to maintain Saudi dividend

Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 16 Dec, 2020 09:06pm

Middle East

Saudis pushing for Gulf dispute breakthrough at summit

The other nations involved were more circumspect when welcoming progress in mediation efforts by Kuwait and the United States, which wants Gulf Arabs to be united against Iran.

Published 16 Dec, 2020 09:02pm

Companies

Germany to contribute 1.5 million euros to Thyssenkrupp's Saudi hydrogen plant

Aiming to build up partnerships overseas to secure imports, Germany approved in June a 9 billion euro strategy to promote hydrogen initiatives at home and globally.

Published 16 Dec, 2020 08:57pm

Pakistan

Govt. not to give NRO to looters: Ali Amin

He said, top priority of the Pakistan Tehreek-e-Insaf (PTI) was to eradicate menace of corruption and to recover looted national exchequer.

Published 16 Dec, 2020 08:46pm

Pakistan

Universal health coverage to revolutionalize healthcare system: PM

The Prime Minister lauded the KP government for generating funds even in coronavirus crisis by establishing a dedicated heart hospital in Peshawar.

Published 16 Dec, 2020 08:42pm

Pakistan

USAID assistance to help reduce infectious diseases’ mortality: Dr. Faisal

Executive Director National Institute of Health (NIH) Maj Gen Aamer Ikram explained importance of such units which would now be connected to their respective provinces.

Published 16 Dec, 2020 08:34pm

Pakistan

PM hints at early Senate elections

Referring to the Pakistan Democratic Movement (PDM), Imran Khan said that there was no threat to the PTI government from the opposition’s gatherings.

Published 16 Dec, 2020 08:30pm

Pakistan

LHC extends interim bail of Rana Sanaullah in assets case

The division bench headed by Justice Sardar Ahmad Naeem heard the pre-arrest bail petition filed the PML-N Punjab president.

Published 16 Dec, 2020 08:25pm

Sports

Fonseca frustrated by demands of AS Roma's fixture schedule

It is the only game of the day in Italy's top flight, and comes at least 24 hours later than the bulk of the midweek fixtures.

Published 16 Dec, 2020 08:23pm

Europe

Medical staff could receive coronavirus vaccine this month, Polish PM's aide says

Medical staff in Poland could start getting vaccinated against COVID-19 as soon as this month, the Polish prime minister's top aide Michal Dworczyk said on Wednesday.

Published 16 Dec, 2020 08:20pm

Europe

Germany aims to offer COVID-19 vaccine to the willing by summer: minister

Germany aims to be able to vaccinate everyone seeking a COVID-19 inoculation in the country by summer, Health Minister Jens Spahn said on Wednesday.

Published 16 Dec, 2020 08:16pm

Europe

Bulgaria plans to extend coronavirus restrictions until Jan. 31

The opening of hotels' restaurants can be seen as an attempt to help the country's ski resorts, hard hit by the pandemic, mitigate at least partially their losses.

Published 16 Dec, 2020 08:11pm

Europe

‘Some progress’, most likely outcome with EU is no trade deal, UK PM's spokesman says

Australia does not have a free trade agreement with the EU, meaning the bulk of its trade is on World Trade Organization terms.

Published 16 Dec, 2020 08:09pm

Europe

Italy expects to begin COVID vaccinations between Xmas and New Year

Germany, France, Italy and five other European states announced they would coordinate the start of their COVID-19 vaccinations.

Published 16 Dec, 2020 08:06pm

Companies

UBS to sell Austrian wealth business to LGT

Terms of the sale of the business, with just under 5 billion euros ($6.09 billion) in managed assets and some 50-60 employees, were not disclosed.

Published 16 Dec, 2020 08:03pm

Energy

U.S. natgas futures slip on milder December weather forecasts

Data provider Refinitiv said output in the lower 48 U.S. states averaged 90.8 billion cubic feet per day so far in December.

Published 16 Dec, 2020 08:00pm

USA

Mexican president to nominate education minister as next U.S. ambassador

The appointment comes after Martha Barcena said earlier this week that she had decided to retire early and leave her post in the coming months after 43 years in foreign policy.

Published 16 Dec, 2020 07:57pm

USA

Daily U.S. COVID-19 deaths again top 3,000 as officials scurry to distribute vaccine

The case load of 16.7 million infections represented roughly 5% of the U.S. population.

Published 16 Dec, 2020 07:55pm

Pakistan

Peshawar police arrest MNA Ali Wazir over anti-state comments

Pashtun Tahafuz Movement (PTM) MNA made anti-state remarks in a public rally held in Karachi last week.

The development comes after Sindh Home Department had earlier written a letter to Khyber Pakhtunkhwa authorities requesting Wazir’s arrest.

Updated 16 Dec, 2020 07:55pm

Europe

Netherlands hits new daily COVID-19 infection record as lockdown imposed

The steep increase came just a day after a tough, 5-week lockdown was imposed in the Netherlands, where more than 10,000 people have died during the COVID-19 pandemic.

Published 16 Dec, 2020 07:52pm

USA

Mexican president says it was a good decision to postpone central bank cash law

Critics ranging from the central bank to the United States, ratings agencies and even members of the government warned it could undermine Mexico's financial credibility.

Published 16 Dec, 2020 07:49pm

Sports

Clubs must think long-term, says Man Utd's Solskjaer after Bilic sacking

Bilic helped West Brom gain promotion to the Premier League but was sacked after a dismal start to the season left them second-bottom with one win in 13 games.

Published 16 Dec, 2020 07:46pm

Financial

ECB expects 10-12 billion euros in bank dividends this year

"We expect dividend payments in the 10 to 12 billion euros region, so roughly a third of what European banks pay in a normal year," Enria said.

Published 16 Dec, 2020 07:43pm

Stocks

TSX opens higher on gold boost, stimulus hopes

The Toronto Stock Exchange's S&P/TSX composite index was up 67.67 points, or 0.39pc, at 17,574.15.

Updated 16 Dec, 2020 07:43pm

Business & Finance

Bitcoin breaks above $20,000 for first time

Bitcoin has gained more than 170pc this year, buoyed by demand from larger investors attracted to its potential for quick gains.

Updated 16 Dec, 2020 07:22pm

Forex

Euro rises to highest in more than two years as optimism builds

The euro has risen nearly 13pc since the European Union announced a recovery fund in May.

Published 16 Dec, 2020 07:14pm

Business & Finance

U.S. retail sales decrease more than expected in November

October’s decrease was the first since April, when stringent measures to control the first wave of coronavirus cases crippled the economy.

Published 16 Dec, 2020 07:09pm

Stocks

Wall Street set to tick higher as stimulus hopes grow

Technology shares pushed Wall Street higher on Tuesday, with the Nasdaq ending at a record high, with investors viewing the sector as more resilient to the pandemic.

Published 16 Dec, 2020 07:06pm

Pakistan

PRA collects 8pc more tax in five months

PRA spokesperson told the media here Wednesday that this FY, the authority managed to collect eight percent more revenues when compared with Rs 42.7 billion tax revenue of the corresponding months last fiscal year (2019-20).

Updated 16 Dec, 2020 07:03pm

Business & Finance

UK fund firm Ruffer piles $675 million into bitcoin in 'defensive move'

UK fund manager Ruffer Investment Management has shifted around $675 million of its clients’ fortunes into bitcoin, an investor memo seen by Reuters shows.

Published 16 Dec, 2020 06:57pm

Pakistan

PM's vision for Pakistan based on economic security, human welfare paradigm: Dr. Moeed

The economic security vision had three pillars: connectivity, development partnerships and peace within the region and beyond whereas most of the conversation in the world had imagined Pakistan as a country associated with traditional security, he said.

Updated 16 Dec, 2020 07:01pm

Companies

Facebook to move UK users to California terms, avoiding EU privacy rules

Those companies and others have European head offices in Dublin, and the UK's exit from the EU will change its legal relationship with Ireland, which remains in the Union.

Published 16 Dec, 2020 06:54pm

World

WHO vaccine scheme risks failure, leaving poor countries no COVID shots until 2024

The World Health Organization’s COVAX programme is the main global scheme to vaccinate people in poor and middle income countries around the world against the coronavirus.

Published 16 Dec, 2020 06:49pm

Companies

YouTube says to appoint Turkey representative in line with new law

Companies that still do not follow the law after fines will have their bandwidth slashed by 90%, essentially blocking access.

Published 16 Dec, 2020 06:38pm

Pakistan

Increasing COVID cases putting burden on health facilities: Dr. Faisal

People should wear masks, observe social distancing, wash hands at regular intervals and avoid big gatherings, says SPAM.
- As many as 105 people died of the virus while 2,731 new infections reported across Pakistan in past 24 hours.

Published 16 Dec, 2020 06:28pm

Commodities

Copper heads towards eight-year high on demand hopes and inventories

The metal used widely in the power and construction industries hit $7,973.50 last Friday, its highest since February 2013.

Published 16 Dec, 2020 06:35pm

Europe

France's Macron says wants best relations possible with Britain

Speaking at a joint news conference with Portugal's Prime Minister Antonio Costa, Macron also said that he would like the integrity of the European single market to be maintained.

Published 16 Dec, 2020 06:32pm

Europe

Merkel says her party doesn't want property tax to cover pandemic costs

Finance Minister Olaf Scholz, the Social Democrat chancellor candidate for next year's federal election, has backed calls to reintroduce a wealth tax in Germany to pay back public debt amassed during the pandemic.

Published 16 Dec, 2020 06:30pm

Commodities

Tunisia buys soft wheat, durum wheat and feed barley in tender

The soft wheat was sought in four consignments of 25,000 tonnes and one of 17,000 tonnes.

Published 16 Dec, 2020 06:27pm

Companies

BMW eyes upper end of 2020 margin target for automotive division

The group now expects the segment's margin on earnings before interest and tax (EBIT) to come in at 2pc-3pc, having previously expected 0pc-3pc, Peter said.

Published 16 Dec, 2020 06:23pm

Pakistan

USC continues passing on govt subsidy to people

The official informed that since January, 2020, USC has served 40.28 million households by ensuring supply of staple food items at subsidized rates.

Published 16 Dec, 2020 06:16pm

Europe

Sweden registers 7,556 new COVID-19 cases on Wednesday, 135 deaths

Sweden's death rate per capita is several times higher than that of its Nordic neighbours, but lower than several European countries that opted for lockdowns.

Published 16 Dec, 2020 06:22pm

Middle East

Iran says it opposes all maritime sabotage, days after Saudi boat blast

"Iran rejects any act of sabotage against maritime safety and security and the freedom of international trade".

Published 16 Dec, 2020 06:12pm

Pakistan

Universal health coverage to revolutionalize healthcare system: PM

Addressing opening ceremony of 262-bed state-of-the-art Peshawar Institute of Cardiology (PIC), he said Sehat Insaf Cards was a landmark initiative of the PTI Government that could greatly facilitate thousands of poor and weak segments of the society who could not afford spending additional money for their treatment.

Published 16 Dec, 2020 06:17pm

Pakistan

SAU extends last date for submission of admission forms

The authorities informed that the candidates may download the application forms from university’s official website and fill the same online for admissions in all disciplines of Bachelor Degree Programme of the Academic Year 2020-2021 up to December 31.

Published 16 Dec, 2020 06:14pm

Pakistan

Rural women mobilization on climate change imperative: Zartaj

Zartaj highlighted that the Prime Minister’s Ravi Urban Development Project was the first of its kind initiative which would help protect forests and mitigate the effects of climate change.

Published 16 Dec, 2020 06:11pm

Pakistan

Rupee recovers 20 paisas against US dollar

In interbank trading, the price of euro depreciated by 16 paisas and closed at Rs195.72 against the last day’s trading of Rs 194.88, State Bank of Pakistan reported.

Published 16 Dec, 2020 06:11pm

Energy

Asian gasoil refining profits at 4-1/2-month peak, but further upside seen capped

Beyond Q1 2021, gasoil demand growth will depend on how well regional and global economies recover from the ongoing coronavirus pandemic.

Published 16 Dec, 2020 06:09pm

Pakistan

Punjab rejects PDM’s narrative: Spokesperson

She criticized that the masses rejected the leadership of the 11 opposition parties and gave their verdict in support of the PTI-led government.

Published 16 Dec, 2020 06:09pm

Pakistan

Power shutdown schedule issued

According to the schedule issued by the FESCO Sargodha, the power supply of 11 KV feeders Yousuf Sugar Mill,Birbal Sharif,Chak Umer,Kalara feeder emanating from 132-KV Shahpur grid station will remain suspended from 9 a.m. to 12:30 p.m. on Dec 17.

Published 16 Dec, 2020 06:08pm

Europe

Russia reports 26,509 new coronavirus infections

Authorities said 596 people had died overnight, taking the official death toll to 48,564.

Published 16 Dec, 2020 06:08pm

Pakistan

Pesco to suspend power supply to various areas due to maintenance work

According to the company’s spokesman the power supply would remain suspended from500 KV Sheikh Muhammmadi Grid Station on December 17,23 and 28 from 9AM to 1PM and as a result consumers of 11 KVBadaber, Moshogagar feeders would face inconveniences.

Updated 16 Dec, 2020 06:08pm

Pakistan

PM stresses for more sports facilities to youth

This was stated by the Prime Minister after laying the foundation stone of Hayatabad Sports Complex Upgradation Project here on Wednesday.

Published 16 Dec, 2020 06:07pm

Stocks

Most Gulf markets rise in early trade; Dubai stocks ease

The kingdom expects the economy to shrink by 3.7pc this year but to swing back to 3.2pc growth next year.

Published 16 Dec, 2020 05:58pm

Managed Funds

Euro zone bond yields edge up on positive PMI surprises

French business activity unexpectedly also almost returned to growth this month as some coronavirus restrictions were eased and the manufacturing sector saw a minor rebound.

Published 16 Dec, 2020 05:56pm

Stocks

London stocks rise on recovery, Brexit hopes

The blue-chip FTSE 100 index jumped 1.1pc, led by energy, financial and mining stocks, with the MSCI world index tracking overnight gains on Wall Street.

Updated 16 Dec, 2020 05:57pm

Sports

Tsunoda to drive with F1's AlphaTauri in 2021

Tsunoda finished third in this season's Formula Two Championship with Carlin, claiming seven podiums, two feature race victories and a win in a sprint race.

Published 16 Dec, 2020 05:37pm

Stocks

European shares hit 10-month peak on upbeat business activity, vaccine hopes

London's FTSE 100 weathered a higher pound to rise 1.1pc and break a three session losing run.

Published 16 Dec, 2020 05:46pm

Europe

'Easter can be the new Christmas,' British minister suggests

Cases are ticking up again in the United Kingdom, and particularly in London which went into the highest tier of lockdown from midnight.

Published 16 Dec, 2020 05:43pm

Commodities

Buyers in Thailand purchase about 77,000 tonnes feed wheat

The precise tonnage bought was still unclear, they said.

Published 16 Dec, 2020 05:40pm

Forex

Kenyan shilling stable against dollar amid slow activity

At 0835 GMT, commercial banks quoted the shilling at 111.50/111.70 per dollar, the same as Tuesday's close.

Published 16 Dec, 2020 05:54pm

Forex

Euro rises above $1.22 for first time in more than two years

The euro has been gaining since the European Union announced a recovery fund in May, rising nearly 13pc since then.

Published 16 Dec, 2020 05:51pm

Pakistan

Local POL production increase by 1.57pc during July-October

Similarly, the production of Motor Spirits, High Speed Diesel, Jute Batching Oil and Liquefied Petroleum Gas witnessing increase of 15.81 percent, 8.15 percent, 11.11 percent and 8.19 percent respectively.

Published 16 Dec, 2020 05:45pm

Forex

Upbeat EU soundings on Brexit nudge pound higher

The EU's chief executive said on Wednesday she could not say if there would be a trade deal with Britain but there had been progress and the next few days would be critical.

Published 16 Dec, 2020 05:48pm

World

Italy reports 14,844 new COVID-19 cases

The health ministry confirmed 846 new fatalities from the virus over the past day, taking the national death toll to 65,857, the highest in Europe.

Published 16 Dec, 2020 05:45pm

Sports

Inzamam sees Yousuf as a good chief selector

"He has the eye, the cricketing sense and the knowledge. I have played with him, where we have brought so many experienced players in various sectors, I think Yousuf is a player who has served a lot and has scored in all countries, so I will give him a mark that he should be the chief selector.

Published 16 Dec, 2020 05:42pm

Pakistan desires reduction of violence in Afghanistan to bolster hope for peace pact: Qureshi

Foreign minister says Pakistan has been holding the stance that Afghan issue could not be resolved through use of force
Pakistan has sincerely played its reconciliatory role in Afghan peace process as a shared responsibility, and it will continue doing so: Qureshi

Published 16 Dec, 2020 05:32pm

Europe

EU chief says UK trade pact closer but success not certain

Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.

Published 16 Dec, 2020 05:38pm

Asia

Indonesia reports 6,725 new COVID-19 cases, 137 new deaths

According to the ministry, 5,328 more patients were discharged from hospitals, bringing the total number of recoveries to 521,984.

Published 16 Dec, 2020 05:41pm

Pakistan

Construction of new airports to help boost exports, tourism: President

Minister for Aviation Ghulam Sarwar Khan, Secretary Aviation Shaukat Ali and director general Civil Aviation Authority attended the meeting, a President House press release said.

Published 16 Dec, 2020 05:39pm

Pakistan

Bed wear exports increased record 9.95pc

During the period from July-October 20, bed wear worth US $ 899,558 thousand exported as compared to worth US $ 818,129 thousand of same period of last year.

Published 16 Dec, 2020 05:29pm

Pakistan

Around 769,589 tons LPG being consumed annually in country

During the last fiscal year, the domestic sector consumed 322,779 tons of LPG, commercial and industrial consumers utilized 348,518 and 98,292 tons respectively, according to an official document available with APP.

Published 16 Dec, 2020 05:24pm

World

WHO vaccine scheme risks failure, leaving poor countries no COVID shots until 2024

COVAX programme is the main global scheme to vaccinate people in poor and middle income countries around the world against the coronavirus.
“The risk of a failure to establish a successful COVAX Facility is very high,” says an internal report to the board of Gavi.

Published 16 Dec, 2020 05:33pm

Financial

Turkey central bank to keep policy tight and could hike more, chief says

The lira has hit a series of record lows beyond 8 to the U.S. dollar this year, but has recovered some ground since Agbal was named governor and delivered the rate hike.

Published 16 Dec, 2020 05:34pm

Forex

Ugandan shilling posts gains on commodity flows, scant demand

At 0937 GMT commercial banks quoted the shilling at 3,655/3,665, compared to Tuesday's close of 3,665/3,675.

Published 16 Dec, 2020 05:32pm

Energy

UK GAS-Gas prices ease on lower demand, higher Norway flows

The day-ahead contract was down 0.15 pence at 45.35 p/therm by 0940 GMT, and further off its highest point since Feb. 2019 of 47.50 p/therm hit on Tuesday.

Published 16 Dec, 2020 05:28pm

World

Worldwide coronavirus cases cross 72.39 million, death toll at 1,631,223

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

Published 16 Dec, 2020 05:26pm

Pakistan

APS tragedy united nation against terrorism: Shahbaz Gill

“Six years ago, there was a brutal and inhuman terrorist attack on APS and innocent people were brutally killed in bombs and suicide blasts but today we are talking about economic growth and development due to return of durable peace in the country,” he said.

Published 16 Dec, 2020 05:20pm

Europe

UK has vaccinated 137,897 people so far against COVID, minister says

"A really good start to the vaccination program. It's been 7 days and we have done: England: 108,000, Wales: 7,897, Northern Ireland: 4,000, Scotland: 18,000. U.K Total 137,897,".

Published 16 Dec, 2020 05:24pm

Stocks

Stocks peak on vaccine, U.S. stimulus and Brexit deal hopes; dollar slumps

Europe's strong open saw stocks rise 1pc to nine-month highs, with the UK's FTSE 100 index jumping 1.3pc.

Published 16 Dec, 2020 05:21pm

Pakistan

APS massacre anniversary reopens wounds of entire nation: Shibli

In a series of tweets, he urged the nation to reiterate its firm resolve and commitment not to let successes achieved against terrorism should not go waste.

Published 16 Dec, 2020 05:15pm

Pakistan

District East admin pledges action against pharmacies with unqualified pharmacists

“We would take action against pharmacies working without qualified and trained pharmacists, which are not only selling medicines without prescriptions to but also violating COVID-19 SOPs and indulged in the practice of quackery”, says Ahmed Ali

Administration would support health initiatives which are promoting ethical medical practices, promoting modern pharmacy services and most importantly, providing digital and virtual health services to people.

Published 16 Dec, 2020 05:15pm

Financial

Swedish central bank's Jansson says repo rate best if more expansionary policy needed

"It is probably the case that we would have to use the repo rate, because if policy needs to be significantly more expansionary, I have much more faith in the repo rate than I have faith in further asset purchases," Jansson said in a speech.

Published 16 Dec, 2020 05:18pm

Forex

Turkey's lira outperforms as central bank to keep tight policy, dollar falls

The lira rose 0.6pc to trade at 7.7812 per dollar, hitting its highest level since in almost two weeks.

Published 16 Dec, 2020 05:15pm

Pakistan

Anti polio campaign in Sukkur to start from 11th Januray

DC Sukkur urged parents to extend full cooperation to the anti-polio teams so that the drive could be made successful.

Published 16 Dec, 2020 05:14pm

Stocks

Indian shares close at record high on financial, IT sector boost

Mahindra and Mahindra ended up 2pc after the automaker said on Tuesday it would increase the price of its passenger and commercial vehicles from January.

Published 16 Dec, 2020 05:13pm

Pakistan

Annual inspection of railways lines starts from Dec 28

According to notification issued by Farman Ghani, Deputy General Manager from railways headquarters office Lahore, railways line stretching 151 km between Lodhran to Khanpur (DN Line) would be reviewed on 28th December.

Published 16 Dec, 2020 05:07pm

Business & Finance

World Bank expects Russian economic growth in 2021 but warns over banks

This could happen if "the meaningful rollout of an approved vaccine is delayed by about three quarters and is limited by a general reluctance to be immunized."

Published 16 Dec, 2020 05:07pm

Pakistan

30 covid-19 deaths, 535 new cases reported in Pb

The Punjab health department conducted 2, 223,422 tests for COVID-19 so far while 115,424 confirmed cases recovered altogether in the province.

Published 16 Dec, 2020 05:12pm

World

WTO mulls how to ease food aid hurdles in pandemic

If adopted, the proposal would "ban export restrictions on these foodstuffs which hinder the World Food Programme's ability to procure (food products for) the populations most in need across the world."

Published 16 Dec, 2020 05:09pm

World

WHO warns of 'high risk' of virus resurgence in Europe in early 2021

"There is a high risk of further resurgence in the first weeks and months of 2021, and we will need to work together if we are to succeed in preventing it"

Published 16 Dec, 2020 05:06pm

Commodities

Ukraine grain exports fall 13.8pc so far in 2020/21 season

Traders have sold 12.17 million tonnes of wheat abroad, using around 69.5pc of the season's quota of 17.5 million tonnes, the data show.

Published 16 Dec, 2020 05:04pm

Europe

UK Supreme Court rules Heathrow can have third runway

Britain's highest court struck down February's Court of Appeal ruling that the UK government had failed to take into account climate change commitments when it approved the new runway in 2018.

Published 16 Dec, 2020 05:03pm

World

Taiwan says US has approved key submarine technology sale

The digital sonar system and an integrated combat system are two key components Taiwan needs to build its own modern submarines. Chang did not elaborate on the status of the combat system.

Published 16 Dec, 2020 05:03pm

Commodities

Palm edges up as rival oils gain, exports strengthen

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 13 ringgit, or 0.4pc, to 3,368 ringgit ($831.81).

Published 16 Dec, 2020 05:02pm

USA

Trump Administration has executed more Americans than all states combined: Report

Under the Trump Administration, for the first time in United States history, the federal government has executed more American civilians than all the states combined, over the course of a year.
Despite the decline in the practice of the death penalty, the Trump Administration formally executed 10 prisoners in 2020, which was in stark contrast to all historical norms.

Updated 16 Dec, 2020 05:03pm

World

Study finds 1 in 10 people in Spain has been infected with virus

The sero-prevalence study, presented late on Tuesday, is now in its fourth round. Its work involved carrying out rapid antibody tests on 51,409 people across the country of some 47 million people between November 16 and 29.

Published 16 Dec, 2020 05:00pm

South Asia

Japan PM under fire over year-end dinners as coronavirus cases mount

"I'm regretting that because it caused misunderstanding among the public," Suga told reporters when asked about the issue.

Published 16 Dec, 2020 04:58pm

World

Russia suffers economic woes despite shunning new lockdown

"These aren't jokes. Unemployment is rising, wages are falling, basic goods are becoming more expensive by magnitudes," President Vladimir Putin said during a cabinet meeting last week.

Published 16 Dec, 2020 05:00pm

World

Rouhani says Iran 'very happy' Trump leaving

"Some say you are overexcited by the advent of Mr. Biden. No, we are not, but we are very happy to see Trump leave," he said in televised comments at a cabinet meeting.

Published 16 Dec, 2020 05:00pm

Asia

Indonesia pledges free COVID-19 vaccines, with president first in line

The president, widely known as Jokowi, said he had instructed the finance minister to reallocate spending for the programme.

Published 16 Dec, 2020 04:55pm

World

Germany sees record death toll on first day of new lockdown

It said 27,728 new coronavirus cases were registered, a figure close to the daily record of nearly 30,000 infections reported on Friday.

Published 16 Dec, 2020 04:54pm

World

European nations tighten virus curbs as Christmas surge fears grow

"This is a huge task, a big task. So let's start as soon as possible with the vaccination together, as 27, with a start at the same day."

Published 16 Dec, 2020 04:54pm

Commodities

Gold gains as focus turns to Fed policy decision

Spot gold was up 0.5pc at $1,862.30 an ounce by 1023 GMT after touching its highest since Dec. 9 at $1,865.14. U.S. gold futures rose 0.6pc to $1,866.20.

Published 16 Dec, 2020 04:50pm

World

EU envoys agree more Belarus sanctions

The measures, to be formalised with the publication of the list on Thursday, will be the third round of sanctions the European bloc has imposed on the regime of Belarus President Alexander Lukashenko.

Published 16 Dec, 2020 04:53pm

Europe

EU chief says 'next days decisive' in Brexit talks

"The next days are going to be decisive," the president of the European Commission told the European Parliament, as intense talks on a post-Brexit trade deal continued nearby in Brussels.

Published 16 Dec, 2020 04:50pm

Europe

EU and UK narrow gaps on post-Brexit trade but no deal yet

Many supposed deadlines have already been missed, the EU chief admitted. But, with two weeks until Britain leaves the EU single market, time is finally running out.

Published 16 Dec, 2020 04:49pm

Energy

Oil prices rise on vaccine optimism and weaker dollar

Brent crude futures rose 25 cents, or 0.5pc, to $51.01 a barrel by 1017 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 21 cents, or 0.4pc, at $47.83.

Published 16 Dec, 2020 04:47pm

Asia

China starts prosecution of Hong Kong 'speedboat fugitives'

The group was snared some 70 kilometres (43 miles) southeast of the city on August 23, authorities said previously, before being handed to police in the neighbouring mainland metropolis of Shenzhen.

Published 16 Dec, 2020 04:48pm

World

Biden joins battle for Senate as top Republican accepts win

"Honk for your next United States senators Jon Ossoff and Rev. Raphael Warnock," Biden told the crowd at the drive-in event in Atlanta as he urged voters to turn out in force on January 5.

Published 16 Dec, 2020 04:44pm

Middle East

Saudi Arabia receives first shipment of COVID-19 vaccines: health minister

Tawfiq al-Rabiah asked citizens and residents to register to receive the vaccine and reiterated that the vaccine would be free to all in the country.

Published 16 Dec, 2020 04:44pm

World

Australia takes China to WTO as trade war deepens

"We have continued to raise our concerns with China on numerous occasions," Birmingham said, lamenting that efforts to reach a negotiated settlement had failed.

Published 16 Dec, 2020 04:44pm

Real Estate

Irish annual house price deflation eases in October

Prices declined for the first time in seven years in July in the wake of the COVID-19 disruption.

Published 16 Dec, 2020 04:41pm

Europe

Portugal says will start COVID-19 vaccination as soon as shots arrive

Ramos said the super cold storage units needed for the shots would be set up at the three distribution points but not at the 1,200 health centres where the jabs will be given to the population.

Published 16 Dec, 2020 04:39pm

Pakistan

Money laundering case: FIA seeks permission to investigate Shehbaz, Hamza in prison

The FIA asked the prison department to make necessary arrangements in this regard.
FIA's anti-corruption wing has started an investigation into Rs25 billion money laundering charges against Shehbaz Sharif and Hamza Shehbaz.

Published 16 Dec, 2020 04:38pm

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 16 Dec, 2020 04:36pm

Europe

Erdogan says U.S. sanctions will not deter Turkey's defence industry

In a televised video conference address, Erdogan said the sanctions showed a hostile stance by the United States against its NATO ally, but that problems created by them would be overcome.

Updated 16 Dec, 2020 04:36pm

Pakistan

SMEs vital for promoting economic activities, says Imran

Imran says there is need to evolve a system under which the banks fully support the business ideas of the youth
Loans will also be given to the people of tribal districts that lag behind in development: PM

Published 16 Dec, 2020 04:32pm

Managed Funds

German bond yields rise to one-week high after positive PMI surprises

Italy's 10-year bond yield was up 1 basis point to 0.49% after hitting a record low at 0.48% on Tuesday.

Published 16 Dec, 2020 04:07pm

USA

Biden will keep using U.S. sanctions weapon but with sharper aim – sources

The revised strategy will be crafted with help from a broad review of sanctions programs that will begin soon after Biden’s inauguration, the sources said on condition of anonymity.
“It won’t be a pullback or a push forward,” said one person close to Biden’s transition team. “It will be a readjustment in the use of the sanctions tool.”

Published 16 Dec, 2020 04:11pm

Europe

UK has vaccinated 137,897 people so far against COVID, minister says

“That number will increase as we have operationalised hundreds of PCN (primary care networks),” he said.
Vaccines developed by Pfizer and BioNTech are being used to treat coronavirus in UK.

Published 16 Dec, 2020 03:21pm

Business & Finance

Canada softens overall travel advisory for Pakistan

“I wish to thank the Canadian High Commission for its support in this regard,” he added.

Updated 16 Dec, 2020 03:29pm

Pakistan

COVID-19:Chinese companies in Pakistan seek permission from govt to vaccinate workers

Around 5000 Chinese workers of CZEC and COECG are stationed in Karachi.
The companies will make all arrangements for their workers vaccination and they will be administered Sinovac vaccine made in China, further in the letter.

Published 16 Dec, 2020 03:16pm

Companies

Pakistan invites China’s online retail giant to develop Cross-Border e-commerce

“It's a good time to develop cross-border e-commerce in Pakistan,” said Ambassador Haque.

Published 16 Dec, 2020 03:11pm

Pakistan

PPP ready to sacrifice Sindh govt if needed, says Bilawal

PPP chairman says if the PM did not resign by January 31, he should be prepared to face the consequences
Dialogue can only be held if prime minister resigns from the top office: Bilawal

Published 16 Dec, 2020 03:09pm

Europe

Exclusive-Facebook to move UK users to California terms, avoiding EU privacy rules

Facebook Inc will shift all its users in the United Kingdom into user agreements with the corporate headquarters in California, moving them out of their current relationship with Facebook’s Irish unit and out of reach of Europe’s privacy laws.
Facebook is making the change partly because the EU privacy regime is among the world’s strictest, according to people familiar with the company. The EU rules give granular control to users over data about them.

Updated 16 Dec, 2020 02:53pm

Pakistan

Right decision to close educational institutions amid spike in COVID-19: Shafqat Mahmood

“Given the current high rate of corona infections and sadly deaths, it was the right decision to close educational institutions,” says the Minister.
On November 23, the federal government had announced to shut all educational institutions from November 26 to December 24 amid resurge in COVID-19 cases.

Published 16 Dec, 2020 02:41pm

Pakistan

Pakistan’s improved security, successes against terrorism are ‘owed to the martyrs’ of APS: FO

FO said that the fateful 'black day' continues to remain a scar on the collective memory of the nation and 'our thoughts and prayers are with the families of all victims'.

Updated 16 Dec, 2020 02:18pm

Pakistan

Over 41 percent health workers faced verbal, physical assault while battling COVID-19 in Pakistan: Study

As part of the research project, 360 healthcare workers from different hospitals in Lahore, Peshawar and Karachi were interviewed
Majority of healthcare workers witnessed verbal and physical assault while some say they were falsely accused of causing injury or death to patients

Updated 16 Dec, 2020 02:14pm

Pakistan

Govt making all-out efforts to provide best health facilities to people, says PM

Institute of Cardiology will not only benefit people of K-P but also those from other countries like Afghanistan: PM
Imran says prime minister also announced that health cards will be provided to each and every individual in K-P

Published 16 Dec, 2020 01:59pm

Technology

realme launches 64MP Ultra-Nightscape camera phone, ‘realme 7i’ in Pakistan

The young and trendsetting brand, realme is recognized as the number 1 selling smartphone in Pakistan by bringing the latest and trendsetting technology.
realme 7i supports Snapdragon 662 with Kryo 260 structure in the CPU and Adreno 610 GPU and a seamless experience for users with 8GB+128GB internal memory. The phone is available at only PKR 39,999.

Published 16 Dec, 2020 02:01pm

Sports

Kohli promises less niggle, more respect in Australia series

"For us, it's about being able to adapt to different conditions... you can take inspiration from the past but I don't think that guarantees anything and we have to stay in the present."

Published 16 Dec, 2020 01:30pm

Stocks

Hong Kong stocks close higher

The Hang Seng Index added 0.97 percent, or 253.00 points, to 26,460.29.

Published 16 Dec, 2020 01:28pm

World

EU members to start Covid-19 jabs 'the same day'

Her statement to the European Parliament came as pressure mounted on the bloc to catch up with the United States and Britain.

Published 16 Dec, 2020 01:24pm

Companies

Nokia sees flat margins at 5G networks business in 2021

Lundmark took over the top job in Nokia in August after product missteps by the company saw it lag Swedish rival Ericsson and Chinese group Huawei in the race to win deals to sell 5G network equipment.

Published 16 Dec, 2020 01:21pm

Energy

India's Dec 1-15 diesel sales down 5.2% y/y

8 State fuel retailers -- Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum -- own about 90% of the country's retail fuel outlets.

Published 16 Dec, 2020 01:19pm

Stocks

China's blue-chip index closes higher on consumer shares; SMIC slumps

Broadly on the economic recovery front, analysts say activity and spending data released on Tuesday suggest that China's economy continued to accelerate across all fronts.

Published 16 Dec, 2020 01:16pm

Companies

Fiat Chrysler to spend $150mn setting up global tech centre in India

The automaker, which produces and sells its Jeep sport-utility vehicle in India, said it plans to increase hiring for the technology centre over the next two to three years.

Published 16 Dec, 2020 01:15pm

Forex

Rouble holds steady ahead of OFZ bond auctions

Such auctions serve as a gauge of demand for Russian assets and can buttress the rouble.

Published 16 Dec, 2020 01:11pm

World

New Zealand child abuse inquiry finds quarter of a million harmed in state and faith-based care

Up to a quarter of a million children, young people and vulnerable adults were physically and sexually abused in New Zealand’s faith-based and state care institutions from the 1960s to early 2000s.
The report estimated that up to 256,000 people were abused, accounting for almost 40% of the 655,000 people in care during the period, with most abuse occurring in the 1970s and 1980s.

Published 16 Dec, 2020 01:06pm

Stocks

European shares rise on vaccine, Brexit hopes

The pan-European STOXX 600 index rose 0.5%, with eyes on flash PMIs for December due in the morning session. Expectations are for a slight improvement in business activity over the previous month.

Published 16 Dec, 2020 01:10pm

Technology

Driven by COVID-19 led digitalization, Online Retail to double size in five years: EIU

In 2021 EIU expects further growth of 18% in online sales, and by 2025 they are likely to account for nearly 20% of total retail sales, up from 10% in 2019.

Published 16 Dec, 2020 12:59pm

Business & Finance

Approved financing under TERF reach over Rs 222bn in Dec: SBP

This could be reflected by the increase in requested amount from Rs 36.1 billion by end April 2020 to Rs 517.4 billion by Dec 10, 2020.

Updated 16 Dec, 2020 01:06pm

Europe

India and UK to move forward on trade talks as Johnson plans visit

India and Britain will push negotiations on trade ties, their foreign ministers said after talks in New Delhi on Tuesday, as both countries seek to restart economies battered by the coronavirus pandemic.
Trade and investment will be high on the agenda of Prime Minister Boris Johnson, who will travel to New Delhi in January, his first bilateral visit since taking office.

Published 16 Dec, 2020 12:57pm

Stocks

Hong Kong stocks up at lunch

The Hang Seng Index added 0.82 percent, or 215.58 points, to 26,422.87.

Published 16 Dec, 2020 12:25pm

Sports

Moody returns to IPL's Hyderabad as director of cricket

The former batsman switched to coaching and TV commentary after retiring in 2001 and helped Hyderabad reach the play-offs five times during his stay as coach.

Published 16 Dec, 2020 12:21pm

Industry

Growth in Power Generation and Petroleum Sale: SBP

SBP reports that easing of lockdowns has resulted in growth in power generation and petroleum product sales during the first quarter of FY21.

Published 16 Dec, 2020 12:02pm

USA

European nations tighten virus curbs as Christmas surge fears grow

The World Health Organization has said it is in talks with Pfizer and Moderna about including their vaccines at affordable prices for poor countries.

Published 16 Dec, 2020 12:14pm

USA

Biden to be sworn into office in largely virtual event as COVID-19 rages

Both the ceremony and traditional parade that follows will have limited attendance and be reimagined, the committee planning the event said in a statement.
The committee is urging members of the public to refrain from traveling to Washington for the inauguration, which in the past has drawn hundreds of thousands.

Published 16 Dec, 2020 12:09pm

Business & Finance

Tokyo stocks close higher with eyes on US Fed

The dollar fetched 103.56 yen in Asian trade, against 103.61 yen in New York and 104.08 yen in Tokyo late Tuesday.

Published 16 Dec, 2020 12:11pm

Stocks

Australian shares jump most in over two weeks on US stimulus hopes

"If the coal issue with China is resolved early in the new year, it would relax the market in relation to other commodities that are exported to China," Smoling added.

Published 16 Dec, 2020 12:06pm

Technology

Zoom to set up R&D centre and hire hundreds of engineers in Singapore

Last month, the low-tax global business hub announced a new work visa for foreign executives of technology firms, even as it tightens broader immigration curbs to try and assuage fears over competition for jobs due to rising unemployment.

Published 16 Dec, 2020 12:03pm

Financial

Philippine central bank seen holding rates steady after surprise cut

Accordingly, many economists see further monetary easing next year, given the relatively weak fiscal support from the government to pull the economy out of its first recession in nearly three decades.

Published 16 Dec, 2020 12:00pm

Commodities

Bangladesh withdraws tender to buy 50,000 tonnes wheat

A notice sent to traders said the tender will be suspended because of "unavoidable" circumstances. Details were not given.

Published 16 Dec, 2020 11:58am

Business & Finance

Asian countries, Switzerland at risk in US Treasury's currency report

Win Thin, global head of currency strategy at BBH in New York downplayed the report as "totally politicized" under Trump.

Published 16 Dec, 2020 11:55am

Industry

Ban on Minibus Route Permits Lifted in Karachi after 25 years

The Sindh Transport Department has lifted the ban on route permits for 26-seater minibuses in Karachi after 25 years.

Published 16 Dec, 2020 11:43am

World

Biden hits campaign trail in Georgia after top Republicans acknowledge his win

"Are you ready to vote for two senators who know how to say yes and not just no?" Biden told an Atlanta drive-in rally, where attendees remained in their cars because of the coronavirus pandemic.

Published 16 Dec, 2020 11:47am

World

Biden to pick former Michigan governor Granholm to be energy secretary

While governor, Granholm supported efforts to build advanced battery plants for electric cars in Michigan, despite concerns from some in the auto industry about moving away from gasoline-powered engines.

Published 16 Dec, 2020 11:44am

Afghan peace talks: Taliban delegation arrives in Islamabad on three-day visit

The delegation is headed by Taliban’s deputy chief for political affairs Mullah Abdul Ghani Barader which will meet PM Imran and foreign minister
Both the Afghan administration and Taliban recently agreed on the rules of engagement to discuss the most substantive issues including the political road map and comprehensive ceasefire

Published 16 Dec, 2020 11:32am

Sports

Australia skipper expects Smith to play in first India test

All-rounder Cameron Green is guaranteed to make his test debut if he clears concussion protocols but Paine said Green would not be considered for the opening role.

Published 16 Dec, 2020 11:40am

Sports

Real Madrid's Benzema best French forward ever, says Zidane

But Zidane still ranked him above the likes of France greats Thierry Henry, David Trezeguet and current players Antoine Griezmann and Kylian Mbappe.

Published 16 Dec, 2020 11:38am

Companies

US’s Cargill Inc acquires 25pc shares of Fauji Akbar Portia Marine Terminal

This is Cargill's first investment into Pakistan, after the strategic intent announced in January 2019.

Published 16 Dec, 2020 11:36am

Companies

Honda recalling 1.79 million vehicles worldwide for safety issues

Honda is also issuing two recalls covering 430,000 US vehicles in 22 US states and the District of Columbia with significant road salt use to inspect and potentially replace front drive shafts.

Published 16 Dec, 2020 11:35am

World

Costa Rica authorizes Pfizer's COVID-19 vaccine

The United States, Britain, Canada, Bahrain, Mexico, Saudi Arabia and Singapore have also approved or authorized emergency use of the shot.

Published 16 Dec, 2020 11:32am

Financial

Australia's CBA to combine Aussie home loan business with Lendi

"We believe the combined business will have a stronger platform to offer enhanced digital capabilities for Aussie brokers and a superior experience for customers," CBA Chief Executive Officer Matt Comyn said in a statement.

Published 16 Dec, 2020 11:29am

Business & Finance

Japan's factory activity moves closer to stabilisation in Dec

The government unveiled the package, which will include roughly 40 trillion yen ($384.43 billion) in direct fiscal spending, shortly after revised data showed the economy in the third quarter rebounded from a record postwar slump in April-June.

Published 16 Dec, 2020 11:27am

Technology

Hackers used SolarWinds' dominance against it in sprawling spy campaign

Neither the password nor the stolen access is considered the most likely source of the current intrusion, researchers said.

Published 16 Dec, 2020 11:23am

Pakistan

Renowned Pakistani space scientist Dr Yarjin Samad wins Young Leaders 2020 Award

Dr Samad is a Senior Research Associate and a Teaching Fellow in the Cambridge Graphene Centre and the Engineering Department of Cambridge University.
Young Professionals Society has recognized him for his outstanding achievements during the early years of his professional career.

Updated 16 Dec, 2020 11:24am

World

Top US Congress leaders start second meeting on COVID-19 aid, government funding

The other includes the two main sticking points on Capitol Hill that McConnell cited: the liability protections for businesses and other organizations, and $160 billion for state and local governments.

Published 16 Dec, 2020 11:19am

Companies

Delta Air Lines in talks to add more quarantine-free flights

Cantarutti said that after an initial trial period through late January, Delta hoped to leverage data and experience from the flights to help expand those routes to leisure travelers and reach agreements on other destinations.

Published 16 Dec, 2020 11:17am

World

Record climate disasters in Asia-Pacific push millions to 'breaking point'

In Vietnam, CARE's country director Le Kim Dung said the pandemic had made it harder to bounce back, particularly in rural areas, from widespread floods that had inundated many provinces hit by heavy rains and a series of typhoons since early October.

Published 16 Dec, 2020 11:12am

Pakistan

Pakistan's COVID-19 death toll crosses 9000 mark after country reports 105 fatalities in 24 hours

The country reported its highest number of deaths in a single day after the novel virus claimed 105 lives in the past 24 hours.
2,731 news cases were also reported.

Updated 16 Dec, 2020 11:13am

Technology

Google resolves problem with Gmail after outage

Downdetector.com, a website that tracks outages, showed there were more than 13,000 incidents of people reporting issues with Gmail.

Published 16 Dec, 2020 11:10am

USA

Mexico reports 11,228 new coronavirus cases, 801 more deaths

The government says the real number of infected people is likely significantly higher than the confirmed cases.

Published 16 Dec, 2020 11:09am

USA

Panama approves Pfizer's COVID-19 vaccine

Neighboring Costa Rica also approved the drug on Tuesday, joining a number of other countries including the United States and Britain.

Published 16 Dec, 2020 11:06am

World

Trump aide O'Brien cuts Europe trip short to deal with cyber hack

O'Brien "is holding NSC meetings tonight and tomorrow morning and will convene a high-level interagency meeting this week," National Security Council spokesman John Ullyot said.

Published 16 Dec, 2020 11:04am

World

Amazon's Zoox unveils 'Robotaxi' for future ride-hailing service

The autonomous vehicle is is an all-electric four-wheeler with a seating capacity of four people
Robotaxi has the ability to drive both forward and backward, and side to side, or bi-directionally
Zoox claims that the vehicle is the first of its kind to be able to travel at up to 75 mph

Published 16 Dec, 2020 11:05am

Industry

5th meeting of CPEC JWG held: 'Framework agreement to boost Pak-China industrial cooperation'

ISLAMABAD: The 5th meeting of the Joint Working Group (JWG) on Industrial Cooperation (IC) under the China-Pakistan...

Updated 16 Dec, 2020 11:02am

Pakistan

DMC Korangi: TPL Trakker to provide vehicle, fuel monitoring solutions

KARACHI: TPL Trakker has partnered with the District Municipal Corporation (DMC) Korangi, to provide Vehicle...

Updated 16 Dec, 2020 11:01am

Pakistan

SC told about Daniel Pearl's body's identification, burial in US

ISLAMABAD: The Supreme Court was informed on Tuesday that Daniel Pearl's body was recovered and identified through...

Updated 16 Dec, 2020 11:00am

Pakistan

Socioeconomic development: Speaker for utilising potential of 150 millions young people

ISLAMABAD: Speaker National Assembly Asad Qaiser has said that 150 million young people are Pakistan's greatest ...

Updated 16 Dec, 2020 10:59am

Pakistan

PM's kitchen cabinet: Three members gain more important portfolios

ISLAMABAD: Three members of Prime Minister Imran Khan's kitchen cabinet have gained more important portfolios during...

Updated 16 Dec, 2020 10:59am

Pakistan

The Weather

KARACHI: The weather report on Tuesday (December 15, 2020) and the forecast for Wednesday (December 16, 2020)....

Updated 16 Dec, 2020 10:58am

Pakistan

Private schools' body announces reopening of institutes from January 11

ISLAMABAD: The joint action committee of private schools' association on Tuesday announced to reopen institutes from...

Updated 16 Dec, 2020 10:56am

Companies

Zong heavily fined by PTA over illegal use of Radio Frequencies

Zong 4G, has been heavily fined by the Pakistan Telecommunication Authority (PTA) for unauthorized and illegal use of radio frequencies.

Updated 16 Dec, 2020 10:55am

Pakistan

B.Com I, II: KU announces schedule for submission of exam forms

KARACHI: The University of Karachi announced the schedule for submission of examination forms and fees for the...

Updated 16 Dec, 2020 10:54am

Pakistan

1971 war: IHC dismisses petition seeking probing of Kissinger leaks

ISLAMABAD: The Islamabad High Court (IHC) Tuesday dismissed a petition seeking directions to the government to probe...

Updated 16 Dec, 2020 10:54am

Pakistan

No coral bleaching found on Astola Island

KARACHI: A batch of scuba divers has confirmed that no coral bleaching was found on the Astola Island, a marine...

Updated 16 Dec, 2020 10:53am

Pakistan

Purchase of two shipments of LNG: Country to incur losses of over Rs11 billion: Khaqan

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

Updated 16 Dec, 2020 10:53am

Pakistan

Covid-19 situation: 58 more die overnight, 1,520 new cases emerge

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that 58 more coronavirus patients, highest ever, died...

Updated 16 Dec, 2020 10:52am

Pakistan

SU announces LLB Part-III annual results

HYDERABAD: Controller of Examinations (Annual), University of Sindh has announced the result of LLB Part-III annual...

Updated 16 Dec, 2020 10:51am

Pakistan

Anti-Money Laundering Act 2010: FBR empowers officials to exercise powers against property dealers, others

ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday empowered officials of Directorate General of Designated Non...

Updated 16 Dec, 2020 10:51am

Pakistan

APS tragedy: December 16 reminds us of tragic and barbarous acts: NA Speaker

ISLAMABAD: National Assembly Speaker Asad Qaiser has said that December 16 reminds us the tragic and barbarous acts...

Updated 16 Dec, 2020 10:50am

Pakistan

Composition of bench: SCBA president submits written arguments

ISLAMABAD: The Supreme Court Bar Association (SCBA) president has said that as the law stands the Court or the chief...

Updated 16 Dec, 2020 10:50am

Pakistan

Karachi University: Three injured in cracker attack

KARACHI: At least three people including an on duty official of paramilitary Rangers injured after unknown men threw...

Updated 16 Dec, 2020 10:49am

Pakistan

RSS Hindutva ideology leading to consistent decay in India: President

ISLAMABAD: President Dr Arif Alvi Tuesday said that Indian society was actually falling apart due to the extremist...

Updated 16 Dec, 2020 10:48am

Pakistan

Closure of educational institutes: NCHD study reveals impact of lockdown on students, studies

ISLAMABAD: The closure of educational institutes as a result of lockdown imposed by the government to contain the...

Updated 16 Dec, 2020 10:46am

Pakistan

Taliban delegation due today

ISLAMABAD: A high-level Taliban delegation is arriving today (Wednesday) for holding talks with Prime Minister Imran...

Updated 16 Dec, 2020 10:45am

Pakistan

Tevta launches second phase of E-Learning courses: Punjab govt updating technical, vocational education: minister

LAHORE: Minister for Industries Punjab Mian Aslam Iqbal has said that provincial government is updating technical ...

Updated 16 Dec, 2020 10:44am

Pakistan

Maryam, others booked for holding Lahore rally

LAHORE: The city police on Tuesday registered another First Information Report (FIR) against PML-N Vice President...

Updated 16 Dec, 2020 10:44am

Pakistan

Buzdar advises opposition to shun negative politics

LAHORE: Chief Minister Sardar Usman Buzdar has advised the opposition to shun negative politics after failed...

Updated 16 Dec, 2020 10:43am

Pakistan

Bilawal terms opposition's resignations 'atom bomb'

LAHORE: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that all the parties in Pakistan...

Updated 16 Dec, 2020 10:43am

Business & Finance

Global demand for Pakistan’s goods rise, amid timely govt measures: Baqir

He said that as the global demand returns, the demand for Pakistani products is increasing which has lead to increase orders for our exporters.

Published 16 Dec, 2020 10:35am

Pakistan

Achakzai's allegations against Punjab baseless: minister

LAHORE: Punjab Minister for Higher Education Raja Yasir Humayun Sarfraz commenting on the allegations of supporting...

Updated 16 Dec, 2020 10:42am

USA

After long delay, leaders of Mexico and Brazil congratulate Biden on US election win

Biden's victory and Bolsonaro's reluctance to recognize it have cast a dark cloud over US-Brazilian relations, which had warmed to the point of discussing a free trade deal last year.

Published 16 Dec, 2020 10:37am

World

Bed shortage looms as South Korea reports record new coronavirus cases

There were only three critical care bed left in the greater Seoul area with a nearly 26 million population, officials said.

Published 16 Dec, 2020 10:34am

Asia

Australia reports first local COVID-19 case in two weeks after airport worker tests positive

"As the virus seemed to be contained in terms of community transmission, our most exposed areas are principally around our borders... we may be an island but we are not totally isolated from the pandemic that is raging across the world," he said.

Published 16 Dec, 2020 10:31am

Technology

Pakistani Fintech SadaPay earns pilot launch approval from SBP

The State Bank of Pakistan (SBP) has finally granted approval to SadaPay, a Pakistani fintech startup, to officially begin its pilot operations in 2021.

Updated 16 Dec, 2020 10:31am

Technology

Coalition of US states likely to file new antitrust lawsuit against Google

The DOJ had accused Google of illegally using its market muscle to hobble rivals, and was joined by 11 other states when the lawsuit was filed. California joined the lawsuit last week.

Published 16 Dec, 2020 10:27am

World

Biden team close to announcing picks for core climate and energy jobs

The picks include a diverse list of nominees to head the departments of Energy, Transportation and the Interior, as well as a new office leading domestic climate policy coordination at the White House, the sources said.

Published 16 Dec, 2020 10:22am

Business & Finance

Australia to launch appeal to WTO over China's barley tariffs

About 70% of Australian exports of the grain typically go to China, Australian data show.

Published 16 Dec, 2020 10:19am

Financial

MOF calls its response to BOJ's dollar funding "extraordinary"

"Our response this time was extremely extraordinary under the coronavirus circumstances," the official told Reuters.

Published 16 Dec, 2020 10:17am

Business & Finance

China reduces items on the negative list for market access

Among the changes, foreign companies are now allowed to explore for, and produce, oil and gas in China. The restriction on foreign firms seeking to carry out carbon emission assessment in China was also lifted.

Published 16 Dec, 2020 10:15am

Technology

Australia sues Facebook over user data, echoing US antitrust case

Facebook is defending that action. The ACCC is also suing Google alleging it misled users about data collection.

Published 16 Dec, 2020 10:13am

Commodities

Soybeans firm, hit more than 2-week top

Wheat futures were up 0.5% at $6.03 a bushel, having closed up 0.5% on Tuesday.

Published 16 Dec, 2020 10:10am

World

Bird flu spreads to a quarter of Japan prefectures

Both the strain circulating in Asia and one spreading rapidly in Europe originated in wild birds, they said.

Published 16 Dec, 2020 10:08am

Companies

Fosun Pharma to buy 100mn doses of BioNTech's COVID-19 vaccine for mainland China

Separately, Shenzhen Kangtai Biological Products Co Ltd aims to have enough capacity to produce at least 100 million doses of a vaccine candidate from British partner AstraZeneca PLC by year-end.

Published 16 Dec, 2020 10:04am

Financial

BOJ loads up $6bn in ammunition in rare move to combat market turmoil

The BOJ's move comes ahead of its two-day rate review that concludes on Friday, when it is expected to extend the March 2021 deadlines of a range of measures aimed at easing corporate funding strains.

Published 16 Dec, 2020 10:01am

Commodities

Copper advances on solid China data, vaccine optimism

China's factory output grew at the fastest pace in 20 months in November on rising demand for its manufactured goods.

Published 16 Dec, 2020 09:59am

Commodities

Dalian iron ore breaches 1,000 yuan/T on demand view, supply fears

Mysteel consultancy's latest survey showed iron ore dispatched from Australia and Brazil fell for the second week over Dec. 7-13 by another 1 million tonnes from the prior week.

Published 16 Dec, 2020 09:55am

Asia

Japan PM Suga under fire for year-end dinners as coronavirus cases mount

"The prime minister's schedule has a message to the people, so I would like to see due consideration," said Natsuo Yamaguchi, head of the ruling party's junior partner, Komeito.

Published 16 Dec, 2020 09:51am

Business & Finance

Japan posts record run of export declines on soft US, China demand

Imports shed 11.1% in November compared with the same month a year earlier, versus the median estimate for a 10.5% decrease. Japan's trade surplus narrowed to 366.8 billion yen ($3.54 billion), versus the median estimate for a 529.8 billion yen surplus.

Published 16 Dec, 2020 09:48am

Energy

China's LNG imports could hit record high in Dec as demand bounces back

China's exports rose at the fastest pace in almost three years in November on booming global demand for appliances, clothing, personal protective gear and other goods.

Published 16 Dec, 2020 09:46am

Commodities

Gold scales 1-week high on US stimulus bets, Fed decision awaited

Among other precious metals, silver rose 0.6% to $24.63 an ounce, platinum climbed 0.5% to $1,041.47 and palladium gained 0.7% to $2,333.98.

Published 16 Dec, 2020 09:41am

Forex

Indian shares hit record highs on Mahindra and Mahindra boost

Automaker Mahindra and Mahindra rose 2.5% on Wednesday and was the top percentage gainer on the Nifty 50.

Published 16 Dec, 2020 09:39am

Financial

National Australia Bank sells NZ life insurance unit for $206 million

The sale of the unit, BNZ Life, would result in an increase in NAB Group's Common Equity Tier 1 ratio by 6 basis points.

Published 16 Dec, 2020 09:37am

Companies

Amazon urges judge to set aside $10 bln cloud contract award to Microsoft

The company argued the latest Pentagon review was "riddled with errors even more egregious than those that plagued the initial award," and that the Pentagon "manipulated its evaluations to a degree that belies any facade of rationality."

Published 16 Dec, 2020 09:37am

Companies

SMIC says board aware co-CEO Liang intends to resign

The US also added SMIC and other Chinese companies to a blacklist of alleged Chinese military companies this month, a move that will prevent US investors from buying the firms' securities from late next year.

Published 16 Dec, 2020 09:31am

Energy

Taiwan's CPC seeks LNG for Jan-Feb after nuclear outage: sources

It is seeking cargoes for delivery in January and February, although details of its exact requirements were not immediately clear.

Published 16 Dec, 2020 09:28am

World

Five million more Afghans will need help in 2021: UN

Opened in September in Doha, the peace talks, which follow a landmark US-Taliban agreement reached in February in Qatar, were suspended and will resume January 5.

Published 16 Dec, 2020 09:25am

Forex

Tokyo stocks open higher with eyes on US Fed

Japan has booked a trade surplus of 366.8 billion yen ($3.5 billion) in November, the fifth consecutive monthly surplus, according to data released by the finance ministry before the opening bell, which prompted little reaction from investors.

Published 16 Dec, 2020 09:07am

Sports

Women's national cricket team to tour South Africa in January 2021

LAHORE: Pakistan women's national cricket team will tour South Africa for three each ODIs and T20Is, which will be...

Updated 16 Dec, 2020 09:21am

Life & Style

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
Petrol/Litre / Jun 26	299.50
Crude Oil USD/Barrel / Jun 26	70.44
Gold Spot USD/Ounce / Jun 26	4,032.47
Diesel/Litre / Jun 26	311.47
Cotton US¢/pound / Jun 26	76.16

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