News Archives for Latest - 2020-12-24

Financial

Global Citizenship – Hello Montenegro!

The process usually requires a successful applicant to invest in the desired country and in return is awarded a passport and all the benefits along with it.
Successful applicants can obtain a Montenegrin passport by investing 550,000 Euros (100,000 government donation and 450,000 in real estate at the superyacht marina and luxury waterfront village, Porto Montenegro).

Updated 25 Dec, 2020 02:38pm

Editorials

Trouble with IPPs again

EDITORIAL: All the trouble that the government went through over the last few months to give explicit approval to...

Updated 25 Dec, 2020 04:47am

Editorials

Tax exemptions

EDITORIAL: According to a Business Recorder exclusive, the Federal Board of Revenue (FBR) is in the process of...

Updated 25 Dec, 2020 04:45am

Pakistan

Resignations nothing more than gimmick of PDM: Dr. Firdous

She said the PDM leadership had no mercy for people as during ongoing coronavirus pandemic they put the lives of people at stake.

Published 24 Dec, 2020 11:56pm

USA

US Congress fails to agree to boost stimulus checks

The stimulus measure is wrapped up with a $1.4 trillion funding bill, without which the government will be forced to shut down at midnight Monday.

Published 24 Dec, 2020 09:18pm

Europe

Germany records first case of UK Covid strain

The woman had arrived in Frankfurt airport on December 20 from London Heathrow.

Published 24 Dec, 2020 09:16pm

Middle East

Iran warns Trump against 'adventurism'

The exchange also comes as tensions mount ahead of the first anniversary of the killing of top Iranian general Qasem Soleimani in a US drone strike in Baghdad.

Published 24 Dec, 2020 09:14pm

Forex

Canadian dollar gains as Brexit deal boosts investor sentiment

Canadian dollar strengthens 0.2% against the greenback.
Canadian building permits values rise by 12.9% in November.
Price of US oil falls 0.2%.
Canadian bond yields trade mixed across a flatter curve.

Updated 24 Dec, 2020 08:50pm

A.H. Chhapra laid to rest

KARACHI: Veteran journalist and former trade union leader Abdul Hameed Chhapra was buried in Karachi’s Safoora ...

Updated 24 Dec, 2020 08:28pm

South Asia

Zarif dismisses Trump tweet that Iran was behind attack on US Embassy in Baghdad

Putting your own citizens at risk abroad won't divert attention from catastrophic failures at home.
Some friendly health advice to Iran: If one American is killed, I will hold Iran responsible. Think it over.

Published 24 Dec, 2020 08:16pm

Commodities

Paris wheat stays firm with Argentina risks in focus

March milling wheat on the Paris-based Euronext exchange settled up 0.50 euros, or 0.2%, at 211.75 euros ($258.10) a tonne.
Chicago wheat also edged higher to trade close to a two-month peak.

Published 24 Dec, 2020 08:14pm

Stocks

Wall Street edges higher at open on recovery hopes

The Dow Jones Industrial Average rose 26.09 points, or 0.09%, at the open to 30,155.92.
The S&P 500 opened higher by 4.02 points, or 0.11%, at 3,694.03.

Published 24 Dec, 2020 08:11pm

World

A Brexit trade deal at last: EU and UK clinch narrow accord

“Deal is done,” a Downing Street source said. “We have taken back control of our money, borders, laws, trade, and our fishing waters.”

Published 24 Dec, 2020 08:02pm

Stocks

TSX inches lower at open as energy stocks drag

The Toronto Stock Exchange's S&P/TSX composite index was down 4.67 points, or 0.08%, at 17,588.9.

Published 24 Dec, 2020 08:09pm

USA

US House speaker Pelosi presses Trump to sign bill avoiding government shutdown before Monday

"On Monday, I will bring the House back to session where we will hold a recorded vote on our stand-alone bill to increase economic impact payments to $2,000."
"To vote against this bill is to deny the financial hardship that families face and to deny them the relief they need."

Published 24 Dec, 2020 08:06pm

Europe

UK and EU agree to historic Brexit deal

On Thursday, a historic deal on the future of the United Kingdom's historic trading and security relationship with the European Union has finally been struck, a week before the end of the transition period.
Downing Street has issued a statement confirming the deal.

Published 24 Dec, 2020 07:55pm

Europe

Britain says post-Brexit trade deal is done

We have taken back control of our money, borders, laws, trade and our fishing waters.
The deal is the biggest bilateral trade deal signed by either side, covering trade worth £668bn in 2019.

Updated 24 Dec, 2020 08:06pm

USA

Brazil suspends UK flights over new virus strain

About 50 countries have suspended since Sunday the arrivals of travelers from Britain after the discovery of a new variant of the coronavirus.

Published 24 Dec, 2020 08:03pm

USA

Virus-plagued Mexico begins mass coronavirus vaccination

Mexico has the world's fourth highest Covid-19 death toll after the United States, Brazil and India.

Published 24 Dec, 2020 08:01pm

Pakistan

Amid Covid-19, economy witnesses considerable recovery in 5 months of FY21

Governor SBP briefed that Monetary Policy was accommodative due to COVID-19 and has paved way for economic recovery.

Published 24 Dec, 2020 07:34pm

Pakistan

ICCI hails IHC decision to annul 200 percent hike in property tax

He said that the business community of the federal capital was thankful to the IHC for providing them justice by annulling an unjustified move of MCI.

Published 24 Dec, 2020 07:33pm

Pakistan

Gold prices increase Rs200 to Rs112,750 per tola

The price of per tola and ten gram silver remained unchanged.

Published 24 Dec, 2020 07:30pm

Pakistan

Rupee gains 23 paisas against US dollar

The buying and selling rates of dollar were recorded at Rs160.2 and Rs161 respectively.

Published 24 Dec, 2020 07:30pm

Pakistan

PSX stays bullish, gains 329 points to close at 43,416 points

As many as 402 companies transacted shares in the stock market, 232 of them recorded gain and 150 sustained losses.

Published 24 Dec, 2020 07:29pm

Pakistan

Seafood exports decrease 9.27pc to $166.376 million in 5 months

The overall exports of good group during the period under review decreased by 12.44 percent, from $1757.703 million to $1538.969 million.

Published 24 Dec, 2020 07:27pm

South Asia

Indian opposition demands repeal of farm laws after protests

India’s main opposition party pressed the government on Thursday to call a special parliamentary session to withdraw new agricultural laws that farmers say will leave them at the mercy of big corporations.
Rahul Gandhi, a senior leader from the opposition Congress party, handed the president a copy of a petition that he said had attracted 20 million signatures online.

Published 24 Dec, 2020 07:25pm

Pakistan

Leather manufacturing exports increased record 5.66pc

The exports of leather garments increased by 0.19 per cent, worth US $ 125,982 were exported.

Published 24 Dec, 2020 07:26pm

Pakistan

Daniel Pearl murder case: Omar Sheikh may be released from Karachi jail in hours

Suspects Omar Saeed Sheikh and others were detained by authorities under Section 11 EEEE (preventive detention for inquiry) of the Anti-Terrorism Act.
In a separate case, the Sindh government and Daniel Pearl's family have appealed against the Sindh court's April decision in the country's Supreme Court.
The court ordered to place the names of the accused on the no-fly list

Updated 24 Dec, 2020 07:26pm

Commodities

Thai prices hit 6-month high, Vietnam rates elevated on supply woes

Thai traders expect interest from Japanese market.
Bangladesh finalising bilateral rice trade deal with India.
Shipments in India delayed by port congestion.

Published 24 Dec, 2020 07:19pm

Stocks

Major Gulf markets end mixed, Qatar snaps losing streak

Saudi Arabia's benchmark index fell 0.2%, hit by a 0.7% fall in Al Rajhi Bank and a 0.8% decline in the country's largest lender National Commercial Bank.
The Saudi economy is forecast to shrink by 5% this year, according to the International Monetary Fund.

Published 24 Dec, 2020 07:17pm

Middle East

Israel announces third nationwide virus lockdown

In a population of nine million, Israel has now confirmed 385,022 coronavirus cases, 3,150 of them fatal.

Published 24 Dec, 2020 07:17pm

Stocks

European stocks end on high note with Brexit deal in sight

Brexit deal announcement awaited, fishing still under discussion.
London mid-caps hit highest in 10 months.
Banks lead gains, material stocks dip.
Stock markets in Germany, Italy and Switzerland closed.
No European markets report on Dec 25 due to Christmas holiday.

Published 24 Dec, 2020 07:15pm

Europe

Russia sets records for virus cases, deaths

They also registered 635 deaths, increasing total fatalities to 53,096 since the beginning of the pandemic.

Published 24 Dec, 2020 07:15pm

Europe

EU and UK poised for Christmas Brexit trade deal

Britain has been in a transition period since its formal departure from the now 27-member EU in January, still trading under EU laws.

Published 24 Dec, 2020 07:14pm

Financial

Yields dip in light trading, Brexit, US stimulus in focus

Benchmark 10-year yields traded in a small range on Thursday as investors squared positions before the Christmas Day holiday on Friday.
They were last at 0.936%, down two basis points on the day, after a two-week high of 0.973% on Wednesday.

Published 24 Dec, 2020 07:12pm

Europe

Macron free of Covid symptoms: presidency

Authorities said late Wednesday that nearly 15,000 new cases had been reported in the previous 24 hours, and 278 new deaths.

Published 24 Dec, 2020 07:12pm

Commodities

Soybeans up 9-11 cents, wheat, corn up 0-2 cents

Overnight, CBOT March wheat reached $6.33-3/4 cents per Bushel, its highest since October 23.
CBOT March corn was last unchanged at $4.47-1/2 per bushel.

Updated 24 Dec, 2020 07:12pm

Europe

Serbian PM starts country's Covid-19 vaccination

Serbia's regulators are still testing Russia's Sputnik V vaccine several weeks after its arrival.

Published 24 Dec, 2020 07:10pm

Europe

Virus dampens holidays worldwide as vaccinations gather speed

There were also 635 new deaths, increasing total fatalities to 53,096. Ukraine reported over one million cases with 17,395 deaths in a country of around 40 million.

Published 24 Dec, 2020 07:08pm

Pakistan

Education ministers meeting rescheduled for Jan 4

The meeting was originally scheduled for December 30.
The Federal Minister for Education Shafqat Mahmood will chair the meeting in the first week of the next month.

Updated 24 Dec, 2020 06:58pm

Pakistan

COAS, DG ISI meet PM Khan at PM house; Pakistan's internal, external security discussed

Ceasefire violations and frequent provocative measures from Indian forces along Line of Control came under discussion.
It was resolved that defence of the motherland will be ensured with the support of entire nation at all cost.

Updated 24 Dec, 2020 06:57pm

Pakistan

Mining company TTC approaches Virgin Islands court for enforcement of Reko Diq award against Pakistan

The Tethyan Cooper Company (TCC) approached the High Court of Justice in the British Virgin Islands for the enforcement of the $5.97 billion award against Pakistan
Office of the Attorney General for Pakistan says Pakistan is vigorously contesting these proceedings using all available legal resources

Updated 24 Dec, 2020 06:50pm

Pakistan

Rs196 billion recovered in 2020: NAB Rawalpindi

So far 15 billion rupees have been recovered in the fake bank accounts case, while several plea bargains are still under the pipeline, states NAB report.
As many as 42 references were filed in the NAB courts, while 58 cases were completed by the anti-graft body.

Updated 24 Dec, 2020 06:26pm

Pakistan

PPP MNA Pir Noor Muhammad Jeelani dies of COVID-19

Pir Noor Muhammad Jeelani was admitted to a private hospital in Karachi where he breathed his last.
He was was elected as MNA from Sindh’s constituency of NA-221-Chachro in Tharparkar.

Updated 24 Dec, 2020 06:10pm

Europe

France's Macron showing no more COVID-19 symptoms, Elysee says

Macron, 43, can now end his quarantine after he self-isolated for seven days at the presidential retreat of La Lanterne, close to the Palace of Versailles.
Macron suffered headaches, a dry cough and tiredness for several days and his health condition improved on Wednesday.

Published 24 Dec, 2020 06:03pm

Africa

Bodies of 20 migrants retrieved off Tunisia: ministry

Tunisia is just a few hundred kilometres from mainland Europe and has long been a launchpad for illegal migration to the continent.

Published 24 Dec, 2020 06:02pm

Commodities

Bangladesh, India finalising first bilateral rice deal in 3 years

India, the world's biggest rice exporter, is offering a steep discount to supplies from rivals Thailand and Vietnam to cut its surplus after a bumper harvest.
India could sell parboiled rice at around $407 and white rice at around $417 per tonne on a cost, insurance and freight (CIF) liner out basis.

Published 24 Dec, 2020 06:01pm

Africa

Ethiopia kills dozens allegedly behind massacre: officials

Ethnic violence has been a persistent problem under Prime Minister Abiy Ahmed, came to power in 2018 on the back of popular protests and was last year's winner of the Nobel Peace Prize.

Published 24 Dec, 2020 05:59pm

Commodities

Palm edges up, tracking rival oils as Argentine exports slow

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange rose 34 ringgit, or 1%, to 3,569 ringgit ($879.28) a tonne.
CBOT soyoil climbed 1.3%, while soy and palm oils on the Dalian Commodity Exchange rose 3.5% and 5.2%, respectively.

Published 24 Dec, 2020 05:59pm

Commodities

Gold rises on weaker dollar as market eyes Brexit deal

Markets shrug-off Trump threat around aid bill.
Brexit deal optimism boosts pound, weighs on dollar.

Published 24 Dec, 2020 05:57pm

Companies

Indian automakers fear container shortage to hit parts supply, output

Shipping freight rates have surged since July and companies are now finding it "almost impossible to sustain normal trade operations".
SIAM represents major domestic companies such as Maruti Suzuki and Tata Motors as well as global manufacturers including Volkswagen AG and Ford Motor which are major exporters.

Published 24 Dec, 2020 05:51pm

Stocks

Indian shares end higher as Reliance, financials surge

The NSE Nifty 50 index ended 1.09% higher at 13,749.25 and the benchmark S&P BSE Sensex rose 1.14% to 46,973.54.
Indian stock markets have climbed over 17% since the start of November.

Published 24 Dec, 2020 05:49pm

Commodities

Industrial metals cement gains with hopes of strong demand in 2021

Benchmark copper on the London Metal Exchange (LME) was down 0.2% at $7,830 a tonne.
Other base metals were up between 0.3% and 1.4%.

Published 24 Dec, 2020 05:48pm

Europe

Coronavirus toll at 1100 GMT Thursday

At least 78,678,240 cases of coronavirus have been registered. Of these, at least 49,787,800 are now considered recovered.

Published 24 Dec, 2020 05:48pm

South Asia

Ex-Japan PM Abe says sorry over political funding case

Abe said he will correct his false statements in parliament on Friday, marking a stunning reversal of fortunes for Japan's longest-serving premier and one of its political bluebloods.
I can't help but explain the facts and correct my statements to the parliament.

Published 24 Dec, 2020 05:44pm

Europe

Pro-EU Maia Sandu sworn in as Moldova's president

On Wednesday, Ion Chicu announced his resignation, hours before parliament was due to consider a vote of no confidence in his government.

Published 24 Dec, 2020 05:45pm

Energy

Oil holds above $50/barrel on US stocks draw, Brexit deal hopes

US crude, gasoline and distillate stocks fall last week-EIA.
Investors cheer a potential Brexit trade deal.
US drillers add oil and gas rigs for fifth week in row.

Published 24 Dec, 2020 05:43pm

Africa

Seven troops, 11 'terrorists' killed in Niger ahead of vote

The country is to stage presidential and legislative elections on Sunday.

Published 24 Dec, 2020 05:42pm

Stocks

Sri Lankan shares rise for eighth week as consumer staples stocks gain

The benchmark stock index ended up 0.9% at 6,685.64. It is up 9.1% so far this year.
Ceylon Tobacco Company Plc and Nestle Lanka Plc were the biggest boosts to the index, ending up 2.8% and 4.1%, respectively.

Published 24 Dec, 2020 05:31pm

Europe

Ukraine virus cases top one million

The health ministry on recorded 11,490 new virus cases, bringing the total to 1,001,132.

Published 24 Dec, 2020 05:40pm

Money & Banking

Turkey hikes main interest rate to 17pc

The lira gained nearly one percent in value and was trading at around 7.57 against the dollar about an hour after the rate decision.

Published 24 Dec, 2020 05:39pm

Money & Banking

Turkish locals' forex holdings at new record high as of Dec 18

They stood at $231.54 billion the previous week.
President Tayyip Erdogan's pledge last month of economic reforms led foreigners to snatch up Turkish assets but locals have remained wary.

Published 24 Dec, 2020 05:29pm

Forex

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

The currency has strengthened some 1.5% versus the dollar.
It is now around $1.3580, up 0.7% on the day, having briefly risen past $1.36 and heading towards the 2-1/2 year high of $1.3625 hit last week.

Published 24 Dec, 2020 05:27pm

South Asia

Indian opposition demands repeal of farm laws after protests

Rahul Gandhi, a senior leader from the opposition Congress party, handed the president a copy of a petition that he said had attracted 20 million signatures online.
"The prime minister wants to help two, three business people" by introducing the farm laws, said Gandhi.

Published 24 Dec, 2020 05:25pm

Europe

English COVID-19 infections rise again, 1-in-85 people infected: survey

The percentage of people testing positive has continued to increase sharply in London, the East of England, and the South East; London now has the highest percentage of people testing positive.
Prevalence in the preceding week was 1-in-95, the ONS had estimated.

Published 24 Dec, 2020 05:06pm

Europe

London's Luxury Homes are a Prime Target to hide 'Dirty Money': Report

The property market in the United Kingdom is increasingly becoming a prime target for money laundering, with London's most expensive property attracting criminal buyers from the around the world to hide ill-gotten wealth.
The onset of the coronavirus pandemic has only made the real estate sector more vulnerable to dirty money, as the dwindling demand for expensive and extravagant homes makes it more susceptible to exploitation from criminal entities.

Updated 24 Dec, 2020 05:24pm

China

US Congress Passes Landmark Bill in Support of Tibet

On Monday, the United States Congress passed a bill that is expected to significantly upgrade American support for Tibetans, including sanctioning Chinese officials if they try to appoint the next Dalai Lama.
The Tibetan Policy and Support Act (TPSA) was passed by the House and Senate as an amendment to the $1.4 trillion government-spending bill and the $900 billion coronavirus relief package.

Published 24 Dec, 2020 04:31pm

World

Journalist murders double in 2020, claims CPJ report

At least 30 journalists were killed between January 1 and December 15.
Mexico was the deadliest country for journalist in the year, followed by Syria, Afghanistan and the Philippines.

Published 24 Dec, 2020 04:38pm

Technology

Pakistan’s leading IoT co to map country’s historical & religious sites

An announcement was made by DoAM earlier this year, to take steps to promote tourism through the digitization of historical and religious sites in Pakistan, followed by conservation and restoration work on heritage sites.

Published 24 Dec, 2020 04:34pm

World

India's ruling party says 'no question' of repealing India farm laws

Tens of thousands of protesters have camped out on the outskirts of New Delhi and blocked national highways for over three weeks to protest against India’s biggest farm reforms in decades.
“There’s no question of repealing from the government’s side. We have ample support from many farmers’ organisations,” says Gopal Krishna Agarwal.

Updated 24 Dec, 2020 04:00pm

Pakistan

Country's governance system has become corrupt, says IHC CJ

Minallah says no one has ever paid attention to improve conditions in district courts, which deals with problems of a common man
Chief justice orders SAPM to visit the accountability courts and brief the prime minister about the situation

Published 24 Dec, 2020 04:00pm

Sports

PSL players categories renewed: Babar, Amir, Sarfaraz highlight platinum list

Peshawar Zalmi trio of Kamran Akmal, Shoaib Malik and Wahab Riaz have been placed in the Platinum category.
The category renewals did not apply to those players who were drafted in HBL PSL 2020 Playoffs in November.

Updated 24 Dec, 2020 03:34pm

USA

Trump pardons Stone, Manafort after Russian investigation loses steam

President Trump pardoned Roger Stone and Paul Manafort, two associates convicted as part of Robert Mueller's Russia investigation.
This marked the second consecutive day, in which the President pardoned his allies, especially those with connections to the White House.

Updated 24 Dec, 2020 03:32pm

Business & Finance

Pakistan to issue new e-passport service from next year

The Minister said the Pakistanis aspiring to go to the Middle East will be issued passport for ten years.

Updated 24 Dec, 2020 03:31pm

World

'It is not Pakistan': Israel minister says about reports of next Muslim country to normalise ties

Israeli minister says fifth country may recognise Israel soon. The minister says one country is in the East, but clarified it is not Pakistan.

Updated 24 Dec, 2020 03:11pm

World

Millions of U.S. vaccine doses sit on ice, putting 2020 goal in doubt

Only 1 million shots of the Pfizer-BioNTech COVID-19 vaccine had been given, about one-third of the first shipment sent last week
The slow pace has barely picked up from the first week when 614,000 shots were given although nearly 2.9 million were shipped

Published 24 Dec, 2020 02:53pm

Pakistan

Sukkur Barrage closes for traffic due to ongoing renovation

According to chief engineer of Sukkur Barrage, water supply will remain closed to Dadu Canal, NWF Canal, Kirthar Canal, Khairpur East Canal, Khairpur West Canal, Rohri Canal, Nara Canal and its related channels from January 6 to Jan 20.
The decrease in the river water causes water shortage in Sukkur, the major city in upper Sindh on the bank of Indus river.

Updated 24 Dec, 2020 02:58pm

Pakistan

Sindh govt establishes SMC to regulate public, private medical institutes

Under the new commission, the provincial government will regulate the fee structure of private medical universities
The quota for admissions would be 95 percent for students of Sindh and five percent for students from other provinces

Published 24 Dec, 2020 02:33pm

Pakistan

Govt creates official email accounts of all serving officers

Email accounts of Pakistan Administrative Services (PAS), Office Management Group, and the Police Service of Pakistan (PSP) have been created.
The division said an SMS will be sent to all officers with their respective Username/Email ID along with a 3-character code.

Published 24 Dec, 2020 02:17pm

USA

Trump vetoes $740 billion defense bill

President Donald Trump vetoed the newly formulated defense bill, which allocates $740 billion to outline Pentagon's broader policy.
*Trump, without providing specific details, called this defense legislation as "It is a 'gift' to China and Russia".

Updated 24 Dec, 2020 02:07pm

Forex

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

"We are overweight UK domestic equities and slightly overweight sterling," analysts at Candriam told clients.

Published 24 Dec, 2020 01:54pm

Pakistan

Asif Zardari invites Fazlur Rehman to attend Benazir Bhutto’s death anniversary

The invitation was extended during a telephonic conversation between both leaders.
Bilawal Bhutto Zardari had invited PML-N vice president Maryam Nawaz to attend his mother’s death anniversary event at Garhi Khuda Buksh.

Published 24 Dec, 2020 01:30pm

Business & Finance

OGDCL discovers Gas & Condensate reserves in KP

Based on open hole logs data, the well was tested at a rate of 1.6 Milion Standard Cubic Feet per Day (MMSCFD) of gas and 12 Barrels per day (BPD) of condensate through 32/64" choke at Well Head Flowing Pressure of 190 Pounds per square inch (PSI) from Samanasuk Formation.

Published 24 Dec, 2020 01:37pm

Industry

SEED partners with KP Government to Reform Sales Tax on Services in KP

Sustainable Energy and Economic Development (SEED) launched a Policy Note in collaboration with the KP Government to introduce Sales Tax on Services Reform in the province.

Updated 24 Dec, 2020 01:29pm

Pakistan

Weather prediction: Karachi to experience intense cold from next week

Met office says Siberian winds are expected to hit the country from December 28 affecting normal routine life
The cold wave could break 52 years record of the lowest temperature in the country: forecast

Published 24 Dec, 2020 01:20pm

World

Russia reports record COVID-19 cases and deaths

Authorities have so far reported a total 2,963,688 cases and an official death toll of 53,096.

Updated 24 Dec, 2020 01:14pm

Pakistan

Naeem Bukhari’s PTV appointment: IHC seeks govt's reply in two weeks

Petitioner said Bukhari's appointment is in violation of various verdicts of the honourable Supreme Court and IHC.
Bukhari was appointed PTV Board of Directors for a period of three years on contract in November.

Published 24 Dec, 2020 12:57pm

Pakistan

Inquiry report holds former, current directors responsible for COVID-19 deaths in KTH

"As promised, the KTH inquiry [was] completed by the MTI board, and as promised, GoKP is making it public immediately," says KP Health Minister.
In the unfortunate incident six coronavirus patients passed away in the hospital due to lack of oxygen supply.

Published 24 Dec, 2020 01:00pm

Companies

India challenges Vodafone arbitration ruling in Singapore

India lost another international arbitration case this week, against Cairn Energy, over a tax dispute. It has been ordered to pay the UK-listed company over $1.2 billion in damages and costs.

Published 24 Dec, 2020 12:48pm

Business & Finance

Dubai economy to grow 4% in 2021, rebounding from this year's contraction

The economy was hit hard by the coronavirus outbreak, which hurt its key tourism, real estate and trade sectors.

Published 24 Dec, 2020 12:44pm

Forex

South African rand flat as local virus resurgence offsets global optimism

Britain also joined a number of other nations in imposing travel restrictions on the country, after it found two cases of another new variant of the coronavirus linked to South Africa.

Published 24 Dec, 2020 12:42pm

Financial

BOJ's Kuroda to seek ways to make stimulus 'nimble' in review

"Such costs or side-effects need to be minimised," though that alone would not be enough, Kuroda said.

Published 24 Dec, 2020 12:37pm

Commodities

NY cocoa targets $2,177-$2,300 range in Q1

On the daily chart, both a retracement analysis and a projection analysis indicate a drop towards $2,354-$2,370 range.

Published 24 Dec, 2020 12:35pm

Business & Finance

FBR Intensifies Operations against Tax Evaders, Fraudsters

The action will be against individuals, AOPs and corporate entities involved in evasion of Sales Tax, Income Tax and Federal Excise Duty.

Published 24 Dec, 2020 12:35pm

Financial

JGB yields tick up on Brexit, economic recovery hopes

At the shorter end, the five-year yield ticked up 1 basis point to minus 0.120%.

Published 24 Dec, 2020 12:32pm

World

Youth unemployment: a scourge of the COVID-19 economy

In the United States, Gen Z members were more likely than any other age group to report being affected by unemployment or lost income.

Published 24 Dec, 2020 12:28pm

Forex

Dollar index to reverse downtrend in 87.43-88.26 zone in Q1

A downward wave c from 102.99 is still unfolding. It may complete around 87.43, its 100% projection level.

Published 24 Dec, 2020 12:26pm

Stocks

South Korea shares hit record high in longest weekly rally since mid-2017

In offshore trading, the won was quoted at 1,101.9 per dollar, up 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,100.1.

Published 24 Dec, 2020 12:22pm

BR Research

Power generation: Tale of inefficiencies

Pakistan’s power system (excluding KE) generated 7.2 billion units in November 2020. It had generated 7.2 billion...

Updated 24 Dec, 2020 12:25pm

Energy

Middle East Crude-Dubai slips; ADNOC to maintain supply cuts in Feb

Upper Zakum crude supplies will be reduced by 18% in February, they said.

Published 24 Dec, 2020 12:20pm

Pakistan

Pak-China joint exercise "Shaheen-IX" concludes

Air Chief says existing global security scenario coupled with the evolving dynamics of air warfare calls for enhanced partnership between Pakistan and China
Both air forces have achieved many breakthroughs and new heights in diversified battlefield environment during this exercise: Chinese envoy

Published 24 Dec, 2020 12:21pm

Africa

Ethiopia's PM says forces have been sent into Benishangul-Gumuz region

"The massacre of civilians in Benishangul-Gumuz region is very tragic," Abiy said on Twitter.

Updated 24 Dec, 2020 12:19pm

Markets

Companies raised Rs35.4bn through IPOs, Right Issues at PSX in 2020

PSX witnessed four IPOs (including are preference share listing) during this year in spite of the COVID-19 outbreak, where the cumulative amount raised clocked in at Rs 8.4bn.
The IPOs were witnessed in sectors like steel, meat processing, telecom and chemicals.

Published 24 Dec, 2020 12:14pm

Pakistan

Sepoy Mukhtar martyred in Indian firing across LoC: ISPR

Pakistan Army responded effectively to India's unprovoked firing and caused substantial damage to Indian troops in men and material, ISPR said.

Published 24 Dec, 2020 12:04pm

Technology

OnePlus to Launch First Smartwatch in Early 2021.

OnePlus CEO Pete Lau announced that OnePlus will be launching its first smartwatch early next year.

Published 24 Dec, 2020 11:38am

Sports

Manchester rivals to clash in League Cup semis

Ben Davies put Tottenham back in front with his first goal since 2017 before England captain Harry Kane sealed Spurs' place in the semi-finals.

Published 24 Dec, 2020 11:43am

Sports

Bundesliga strugglers Mainz out of German Cup

"My players showed from the first minute that they weren't going to worry about the difficult conditions and the absentees," said Wolfsburg coach Oliver Glasner.

Published 24 Dec, 2020 11:41am

Technology

Huawei exec wants Canada's bail conditions eased

The lawyers also accuse Canadian authorities of violating Meng's rights during her interrogation.

Published 24 Dec, 2020 11:36am

Technology

Xiaomi's Market Value Crosses the $100bn Mark

Xiaomi's market value has finally surpassed the $100 billion mark, a figure that the Chinese smartphone company had failed to reach two years ago when it listed its stock on the market.

Updated 24 Dec, 2020 11:37am

World

EU transport boss criticises France on UK truck delays

But Brussels had suggested exempting transport workers from this restriction.

Published 24 Dec, 2020 11:24am

Stocks

Hong Kong stocks end with gains

The Hang Seng Index added 0.16 percent, or 43.46 points.

Published 24 Dec, 2020 11:23am

Technology

Facebook bans Australian celebrity chef over virus misinformation

Several companies recently ditched Evans and his books were pulled from the shelves after he posted a "black sun" Nazi symbol on social media.

Published 24 Dec, 2020 11:19am

Pakistan

Second wave: Pakistan sees highest death toll in a day after 111 people die from coronavirus

The last time the country reported the highest number of deaths was on June 20 when it reported 153 fatalities.
So far, 417,134 people have recovered from the virus.

Published 24 Dec, 2020 11:22am

Technology

COVID-19 has lured more Pakistani consumers to shop online, Global Survey

72 percent of those surveyed in Pakistan agree that that COVID-19 has made them more positive about shopping online.
79pc of respondents to the survey from Pakistan responded that the economic impact of COVID-19 had prompted them to keep an eye on their spending, with 56pc Pakistanis saying that COVID-19 has made them more inclined to buy sustainably sourced products.

Published 24 Dec, 2020 11:17am

World

Trump warns Iran over rocket strike on embassy in Iraq

After Soleimani's killing, the entire region held its breath in anticipation of an uncontrolled escalation which ultimately did not materialize.

Published 24 Dec, 2020 11:16am

World

Jack Ma: tycoon who soared on China's tech dreams grounded by regulators

Eyebrows were raised when the state-run People's Daily revealed that he is a member of the Communist Party -- something Ma has never fully commented on.

Updated 24 Dec, 2020 11:16am

World

Worrying sign: New corona strain affects young people, has higher viral load, say researchers

The virus has been named as 501.V2 and transmits quickly than its predecessor, the COVID-19
Scientists are now seeing between 10 to 20 mutations that were not previously seen end of September

Published 24 Dec, 2020 10:58am

Sports

Zidane pleased with players after overcoming 'uncomfortable' Granada

"The players know we will have difficult moments in every game but we are always well prepared," he said.

Published 24 Dec, 2020 10:50am

Asia

South Korea signs deals to secure COVID-19 vaccine with Pfizer and Janssen

The government had previously signed deals with four companies.

Published 24 Dec, 2020 10:47am

Europe

Announcement of UK-EU trade deal expected Thursday morning: EU official

New trade pact on Thursday morning with negotiations still.

Published 24 Dec, 2020 10:45am

World

China reports 17 new COVID-19 cases vs 15 a day earlier

Additionally, 19 asymptomatic cases were reported on Dec. 23, up from 14 the previous day. China does not include asymptomatic patients in its total confirmed case list.

Published 24 Dec, 2020 10:41am

Companies

Rio Tinto, indigenous land owners begin rebuilding ties after sacred cave blast

PKKP also noted the appointment of Rio's new chief executive officer, Jakob Stausholm, and said it hoped that discussions between both parties would continue in a positive direction.

Published 24 Dec, 2020 10:37am

Financial

BOK to extend loans by six months to keep credit flowing to debt mkt

The Bank of Korea provided financing to a SPV which directly purchased 3 trillion won.

Published 24 Dec, 2020 10:31am

Financial

China's central bank to conduct bill swaps worth 5bn yuan on Dec 24

The bill swaps, with a three-month tenor, will total 5 billion yuan ($764.53 million).

Published 24 Dec, 2020 10:29am

Business & Finance

Target is to procure low-cost, safe COVID-19 vaccine in Pakistan, says Fawad

The minister said that the committee aims to make the best vaccines available in Pakistan at the lowest possible cost as soon as possible.

Published 24 Dec, 2020 10:20am

USA

Mexico records 11,653 new coronavirus cases, 816 more deaths

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

Published 24 Dec, 2020 10:27am

Energy

Brent oil targets $52.48-$53.13 range

A projection analysis on the uptrend from $39.34 reveals a target zone of $53.13-$54.50, which will be confirmed when oil climbs above $52.48.

Published 24 Dec, 2020 10:25am

Commodities

Palm oil may rise to 3,631 ringgit

Support is at 3,504 ringgit, a break below may cause a very shallow fall to 3,474 ringgit.

Published 24 Dec, 2020 10:23am

World

South Korea to import J&J, Pfizer COVID-19 vaccines for 16mn people

Doses for 10 million people would be procured through the global COVAX initiative, backed by the World Health Organization.

Published 24 Dec, 2020 10:21am

Rates.PSX

BOARD MEETINGS

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

Updated 24 Dec, 2020 10:21am

Energy

US oil may rise into $49.28-$49.83 range

The correction from $49.28 may have completed, as suggested by the surge on Wednesday.

Published 24 Dec, 2020 10:18am

World

One million Americans vaccinated for COVID; Tennessee new epicenter

Washington state Governor Jay Inslee this week ordered a 14-day quarantine for travelers arriving from the UK, South Africa or other countries where the new variant had been detected.

Published 24 Dec, 2020 10:15am

World

Trump pardons former campaign chairman Manafort, associate Roger Stone

In an unusual twist, the man who prosecuted Charles Kushner was Chris Christie, now the former governor of New Jersey, who also has served as an adviser to Trump.

Published 24 Dec, 2020 10:12am

Pakistan

Pakistan Army soldier martyred in firing by terrorists in Awaran operation: ISPR

During intense exchange of fire with terrorists Havaldar Shoaib embraced shahadat, the ISPR said.
Army conducted an intelligence-based operation on terrorist hideout in Silak Kaur, Awaran, Balochistan and killed one terrorist.

Published 24 Dec, 2020 10:12am

Asia

Ex-Japan PM Abe may be summoned to parliament in funding case

Haikawa was not immediately available for comment.

Published 24 Dec, 2020 10:10am

Energy

China's November gasoline exports off peak, LNG imports at record high

November gasoline exports fell 31.6% from a year earlier to 1.26 million tonnes, off October's record 1.91 million tonnes, according to China's General Administration of Customs.

Published 24 Dec, 2020 10:06am

Business & Finance

PM thanks Overseas Pakistanis as amount remitted in Roshan Digital Account crosses $200 million

I want to thank our great asset, Overseas Pakistanis. MashaAllah funds sent by them through Roshan Digital Accounts created by SBP crossed $200 mn yesterday," PM tweeted.
Roshan Digital Account provides innovative banking solutions for millions of non-resident Pakistanis (NRPs).

Updated 24 Dec, 2020 10:10am

Commodities

Spot gold may test resistance at $1,888

The metal managed to stabilize around a support at $1,862, the 38.2% projection level of an upward wave c from $1,862. This wave may have completed around $1,904.

Published 24 Dec, 2020 10:04am

Commodities

LME copper eases, but hovers near multi-year high on demand recovery hopes

The most-traded copper contract on the Shanghai Futures Exchange rose 0.7% to 58,110 yuan ($8,892.26) a tonne.

Published 24 Dec, 2020 10:02am

Commodities

CBOT soybeans to test resistance at $12.69-1/4

8 The contract is riding on a wave 3 that is travelling towards the range of $12.69-1/4 to $12.77-3/4, formed by its 338.2% and 361.8% projection levels.

Published 24 Dec, 2020 10:00am

Stocks

Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe

Investors largely shrugged off comments by US President Donald Trump that a nearly $900 billion stimulus bill, agreed upon after months of wrangling in Congress, was "a disgrace" that he might not sign.

Published 24 Dec, 2020 09:57am

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 ...

Updated 24 Dec, 2020 10:00am

Yarn Prices

Karachi Yarn Market Rate

KARACHI: Karachi Yarn Market Rates on Wednesday (December 23, 2020). ======================================= CONES...

Updated 24 Dec, 2020 09:58am

World

Trump gives awards to top aides for Arab-Israeli deals

In the past four months, Israel reached deals with the United Arab Emirates, Bahrain, Sudan and Morocco as part of what the United States calls "the Abraham Accords."

Published 24 Dec, 2020 09:54am

Rates.KIBOR

Kibor interbank offered rates

KARACHI: Kibor interbank offered rates on Wednesday (December 23, 2020). ========================== ...

Updated 24 Dec, 2020 09:56am

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...

Updated 24 Dec, 2020 09:54am

Stocks

Nikkei edges near 30-year high on recovery hopes, heavy machinery stocks' gains

SoftBank Group dropped 1.8% after China launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days.

Published 24 Dec, 2020 09:51am

Commodities

Palm jumps, tracking rival oils as South American exports slow

Meanwhile, soy and palm oils on the Dalian Commodity Exchange rose 2.6% and 3.3%, respectively.

Published 24 Dec, 2020 09:49am

Commodities

CBOT corn may retest resistance at $4.49-1/2

Support is at $4.46-3/4, a break below which could cause a fall into the $4.43-3/4 to $4.45-1/2 range.

Published 24 Dec, 2020 09:46am

Technology

US cyber agency says SolarWinds hackers are 'impacting' state, local governments

Reuters has previously reported that Pima County, Arizona was among the victims of the wave of intrusions.

Published 24 Dec, 2020 09:43am

Commodities

CBOT wheat may retest resistance at $6.31-1/2

Support is at $6.25-1/2, a break below which could cause a fall to $6.22.

Published 24 Dec, 2020 09:41am

Commodities

China iron ore futures bounce back after two days of falls

Brazilian iron ore miner Vale SA said on Wednesday its Samarco joint venture with BHP had begun the gradual restart of operations, after a deadly dam failure in 2015.

Published 24 Dec, 2020 09:38am

Commodities

NY coffee may rise towards $1.2665

The uptrend from $1.2040 looks incomplete. It seems to have adopted an impulsive wave mode. A small triangle is contracting to a point. It is a bullish continuation pattern.

Published 24 Dec, 2020 09:37am

Forex

Currency notes: exchange rates

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

Updated 24 Dec, 2020 09:37am

Stocks

Australia shares gain ahead of Christmas as virus cases plateau; NZ at record high

New South Wales maintained a steady downward trend in COVID-19 cases as it attempts to contain an outbreak in capital Sydney, reporting nine fresh local infections versus eight on Wednesday.

Published 24 Dec, 2020 09:34am

Commodities

Gold firms on weaker dollar, US stimulus bets

Underscoring the economic hit from the pandemic, data on Wednesday showed elevated US jobless claims and a drop in consumer spending for the first time since May in November.

Published 24 Dec, 2020 09:32am

Financial

Vietnam central bank to pursue flexible policy for 2021 macro stability

"The coronavirus pandemic and the recent floods in central Vietnam are threatening to boost non-performing loans in the local banking system," said deputy central bank governor, Dao Minh Tu.

Published 24 Dec, 2020 09:27am

Stocks

Indian shares rise on Reliance, financials boost

The telecom operator added 3.67 million new customers in October, the highest among other telecom operators in the country, data showed on Wednesday.

Published 24 Dec, 2020 09:25am

World

Worldwide coronavirus cases cross 78.23 million, death toll at 1,723,054

Infections have been reported in more than 210 countries and territories.

Published 24 Dec, 2020 09:24am

Sports

Australia board discussing Sydney test

"I'm sure (the CA board) will come up with the right decision for the game."

Published 24 Dec, 2020 09:20am

World

Trump vetoes sweeping US defence bill

The veto does not immediately choke off funds to the Pentagon but if the NDAA isn't passed soon, funding could be tightened.

Published 24 Dec, 2020 09:16am

Companies

China begins anti-monopoly investigation into Alibaba

State media have repeatedly called for tighter oversight of these firms, warning of potential financial instability as a result of their unregulated rapid growth.

Published 24 Dec, 2020 09:13am

Stocks

Hong Kong stocks open flat

The Hang Seng Index inched down 0.23 points to 26,342.87.

Published 24 Dec, 2020 09:11am

Stocks

Tokyo stocks open higher ahead of holiday season

The Dow ended up 0.4 percent to 30,129.83 and the broad-based S&P 500 advanced 0.1 percent, while the tech-rich Nasdaq dropped 0.3 percent.

Published 24 Dec, 2020 09:08am

Stocks

Sterling, equities rise as Brexit talks reach endgame

Analysts said politicians were unlikely to let the agreement fall apart and there was a chance they would make improvements to it.

Published 24 Dec, 2020 09:04am

Sports

Australia look to pile misery on Kohli-less India in Melbourne

Australia head into the Boxing Day clash at the Melbourne Cricket Ground on a high after crushing the visitors by eight wickets inside three days in the opening Test at Adelaide.

Published 24 Dec, 2020 08:59am

Forex

Australia, NZ dollars firm, keen to say bye bye to Brexit

The news took a toll on safe haven bonds with Australian 10-year futures falling 6 ticks to 98.9600, implying a yield of 1.04% and back toward a recent low at 98.9200.

Published 24 Dec, 2020 08:57am

Forex

Sterling gains, dollar on back foot amid hopes Brexit deal imminent

The Brexit headlines overshadowed US President Donald Trump's demand for changes to a coronavirus aid bill, effectively threatening a government shutdown next week.

Published 24 Dec, 2020 08:54am

Stocks

Australian shares track Asian peers higher on likely Brexit trade deal

The mining sub-index rose as much as 1.4%. Mining giant BHP Group climbed 2.3% while peer Rio Tinto added more than 1%.

Published 24 Dec, 2020 08:51am

Stocks

Australia shares set to rise as energy stocks likely to gain; NZ up

New Zealand's benchmark S&P/NZX 50 index rose 0.4% by 2121 GMT.

Published 24 Dec, 2020 08:49am

Energy

Oil rises on US inventory draw, Brexit deal hopes

Americans were also warned again not to travel for Christmas as the latest surge in cases overwhelmed hospitals.

Published 24 Dec, 2020 08:46am

Commodities

Gold steadies as soft US jobs data offsets Trump stimulus threat

The British government on Wednesday said huge swathes of England would be placed under its strictest COVID-19 restrictions as a highly infectious virus variant sweeps the country.

Published 24 Dec, 2020 08:42am

BR Research

Banking on Equality

The moral imperative that women should have bank accounts and be active participants of the financial system is...

Updated 24 Dec, 2020 08:33am

BR Research

Fauji Foods Limited

Fauji Foods Limited (PSX: FFL) was established in 2015 after Fauji Foundation along with Fauji Fertilizers took over...

Published 24 Dec, 2020 07:45am

BR Research

Construction costs concerns

Builders were very happy a few months ago when the government announced a construction amnesty that meant a relaxed...

Published 24 Dec, 2020 07:40am

BR Research

Economy: hello to the other side?

It isn’t clear when the world will rid itself of Covid-19. But the start of the vaccination drives in the West,...

Published 24 Dec, 2020 07:25am

‘Secret ballot’ or ‘open ballot’ for Senate election: SC urged to give ‘opinion’

ISLAMABAD: The Supreme Court has been urged to give its advice on holding of Senate election. The President Dr Arif...

Updated 24 Dec, 2020 03:43am

Deputy Senate chairman cannot use his post for personal gains: Shehzad

ISLAMABAD: Advisor to the Prime Minister on Interior Shehzad Akbar on Wednesday said that Deputy Chairman of the...

Updated 24 Dec, 2020 03:43am

ECC to take up mega Karachi plan, other items today

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been convened today (Thurs-day)...

Updated 24 Dec, 2020 03:43am

FBR tells power, gas utilities: Concessionary tariff only for those listed on ATL

ISLAMABAD: The Federal Board of Revenue (FBR) Wednesday directed power/gas distribution companies to allow...

Updated 24 Dec, 2020 03:43am

Tax arbitration case: Cairn Energy wins over $1.2bn from India

NEW DELHI: Cairn Energy said on Wednesday it had won an international arbitration case against the Indian government...

Updated 24 Dec, 2020 03:43am

PM announces health insurance cards, NPH scheme for police

ISLAMABAD: Prime Minister Imran Khan has stated that the current account surplus and balance in budget deficit...

Updated 24 Dec, 2020 03:43am

Those who received payments from BISP: 31,433 pensioners, govt employees, others identified

ISLAMABAD: The Poverty Alleviation and Social Safety Division (PASSD) has reportedly identified 31,433 pensioners,...

Updated 24 Dec, 2020 03:43am

Cotton & Textile

Cotton rises 2pc

NEW YORK: ICE cotton futures rose as much as 2.1% on Wednesday, supported by a strong weekly exports sales report ...

Updated 24 Dec, 2020 03:35am

Cotton & Textile

New York cotton

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

Updated 24 Dec, 2020 03:35am

Commodities

US MIDDAY: Gold prices jump

NEW YORK: Gold prices jumped as much as 1% on Wednesday, bolstered by a weaker dollar, while investors kept hopes...

Updated 24 Dec, 2020 03:35am

Commodities

US MIDDAY: Soyabeans rally

CHICAGO: Chicago soyabeans continued to rally on Wednesday as an Argentine labor strike slowed exports, even as rain...

Updated 24 Dec, 2020 03:35am

Energy

Oil gains 2pc after draws in US product inventories

• Exxon issues force majeure on Nigerian crude stream NEW YORK: Oil prices rose more than 2% on Wednesday, ...

Updated 24 Dec, 2020 03:35am

Commodities

Tokyo rubber futures up

TOKYO: Japanese rubber futures edged higher on Wednesday, as investors looked for bargains after a sharp sell-off in...

Updated 24 Dec, 2020 03:35am

Stocks

Webinar held: PSA discusses increase in net metering license processing fee

LAHORE: The Pakistan Solar Association conducted a consultative online webinar where all the registered vendors in...

Updated 24 Dec, 2020 03:35am

Pakistan

PITB, KPITB, five varsities sign accord for NFTP

LAHORE: The Punjab Information and Technology Board (PITB), Khyber Pakhtunkhwa Information Technology Board (KPITB)...

Updated 24 Dec, 2020 03:35am

Commodities

Gold prices rise in Asia

SINGAPORE: Gold prices rose in Asian trade on Wednesday, helped by a weaker dollar and as investors remained...

Updated 24 Dec, 2020 03:35am

Pakistan

Corona second wave: Discos apprehend upsurge in line losses if pandemic heightens

LAHORE: The power distribution companies (Discos) are apprehending an abnormal upsurge in line losses in case the...

Updated 24 Dec, 2020 03:35am

Industry

PSIC approves package for industrial units

LAHORE: The Punjab Small Industries Corporation (PSIC) has approved a concessional package for setting up of...

Updated 24 Dec, 2020 03:35am

Pakistan

DFSK Glory 580 Pro launched in Pakistan

LAHORE: The only intelligent seven seater SUV, DFSK Glory 580 Pro has finally launched with a promise to take lead ...

Updated 24 Dec, 2020 03:35am

Pakistan

CM orders strict monitoring of development projects

LAHORE: Chief Minister Punjab Sardar Usman Buzdar directed strict monitoring of ongoing development schemes to ...

Updated 24 Dec, 2020 03:35am

Pakistan

Punjab reports 653 fresh corona cases, 44 deaths

LAHORE: Out of 15,214 Covid-19 tests conducted across the province in the last 24 hours, as many as 653 fresh corona...

Updated 24 Dec, 2020 03:35am

Pakistan

Christmas, Quaid-e-Azam Day: Lahore police chalk out special security plan

LAHORE: Deputy Inspector General of Police (Operations) Ashfaq Ahmed Khan has said that Lahore police have chalked...

Updated 24 Dec, 2020 03:35am

Energy

China’s gasoline exports off peak, LNG imports at record high

SINGAPORE: China’s gasoline exports in November retreated from record highs, while liquefied natural gas (LNG)...

Updated 24 Dec, 2020 03:34am

Commodities

Raw sugar climbs

LONDON: Raw sugar futures on ICE rose on Wednesday in thinly traded markets as the dollar fell, with investor risk...

Updated 24 Dec, 2020 03:34am

Pakistan

PU holds online seminar on China-Pakistan friendship

LAHORE: Pakistan Study Centre of Punjab University and Pakistan Study Centre Sichuan, China have jointly organized ...

Updated 24 Dec, 2020 03:34am

Taxes

Taxpayers allowed to file settlement application

ISLAMABAD: In a major departure from the past practice, government has provided for taxpayers to file settlement...

Updated 24 Dec, 2020 03:34am

Pakistan

Australian HC meets Hafeez

ISLAMABAD: Australian High Commissioner to Pakistan, Dr Geoffrey Shaw, called on the Federal Minister for Finance ...

Updated 24 Dec, 2020 03:34am

Pakistan

JI opposes privatisation of PIMS

ISLAMABAD: Jamaat-e-Islami (JI) Pakistan Secretary General Liaquat Baloch on Wednesday, while flaying the government...

Updated 24 Dec, 2020 03:34am

Pakistan

Special signing ceremony of LoU held

ISLAMABAD: In line with the vision of Prime Minister for promoting taxation system in the country, a special signing...

Updated 24 Dec, 2020 03:34am

Pakistan

Ceasefire violations: Pakistan summons Indian charge d’affaires

ISLAMABAD: Pakistan summoned Indian Charge d’affaires to register a strong protest over ceasefire violations by ...

Updated 24 Dec, 2020 03:34am

Pakistan

BTAA initiates 27 references against benami transactions

ISLAMABAD: Benami Transactions Adjudicating Authority (BTAA) has confirmed 27 references involving amount of Rs 7.4...

Updated 24 Dec, 2020 03:34am

Pakistan

Dera Ismail Khan-Zhob dual carriageway: ‘Major work could not be started due to unavailability of funds’

ISLAMABAD: The contractor could not be mobilised on Dera Ismail Khan-Zhob dual carriageway—major component of...

Updated 24 Dec, 2020 03:34am

Industry

British American Tobacco clarifies: ‘Fresh investment in Pakistan, no closure in Malaysia’

ISLAMABAD: British American Tobacco (BAT) Wednesday clarified that the BAT was bringing fresh investment in ...

Updated 24 Dec, 2020 03:34am

Pakistan

One-week deadline given to POL smugglers to end practice

ISLAMABAD: Interior Minister Sheikh Rashid Ahmed on Wednesday warned owners of petrol stations across country to ...

Updated 24 Dec, 2020 03:34am

Pakistan

PPP may contest Senate elections, by-polls before tendering resignations?

ISLAMABAD: The Pakistan Peoples Party (PPP) does not want to create any political space for others and is in...

Updated 24 Dec, 2020 03:34am

Pakistan

Two border markets at Kurram, Chitral to be opened: SAPM

ISLAMABAD: Special Assistant to the Prime Minister on National Security Division and Strategic Policy Planning Dr...

Updated 24 Dec, 2020 03:34am

Pakistan

Potato farmers in Punjab: PepsiCo holds sustainable farming programme roadshow

ISLAMABAD: As part of the PepsiCo’s ongoing commitment to sustainability, the company here on Wednesday organised...

Updated 24 Dec, 2020 03:34am

Money & Banking

Euro, Aussie gain in Europe

LONDON: The euro rose to $1.22 and the dollar fell on Wednesday as foreign exchange traders looked beyond US...

Updated 24 Dec, 2020 03:34am

Money & Banking

Early trade in New York: Dollar struggles

NEW YORK: The dollar struggled on Wednesday, after gaining for three straight sessions, as risk appetite grew on...

Updated 24 Dec, 2020 03:34am

Money & Banking

Sterling rises above $1.35

LONDON: Sterling rose around 1% on Wednesday and British government bond yields posted their biggest one-day rise in...

Updated 24 Dec, 2020 03:34am

Money & Banking

Cryptocurrency XRP tumbles 24pc

LONDON: Cryptocurrency XRP tumbled 24 percent on Wednesday after the US Securities and Exchange Commission (SEC)...

Updated 24 Dec, 2020 03:34am

Stocks

Australian, NZ shares gain

SYDNEY/WELLINGTON: Australian shares snapped a three-session losing streak to close higher on Wednesday, after the...

Updated 24 Dec, 2020 03:34am

Stocks

S&P ends lower

• Apple gains on electric car production plan • Peloton jumps on $420m deal to buy peer Precor • Nasdaq,...

Updated 24 Dec, 2020 03:34am

Stocks

Wednesday’s early trade: Nasdaq lags S&P, Dow as big tech weighs

NEW YORK: The S&P 500 and the Dow rose on Wednesday, while the Nasdaq lagged as investors shifted out of...

Updated 24 Dec, 2020 03:33am

Stocks

China stocks surge

BEIJING/SHANGHAI: China shares ended higher on Wednesday, buoyed by optimism that policymakers would likely avoid...

Updated 24 Dec, 2020 03:33am

Stocks

European shares extend recovery rally

MILAN/FRANKFURT: European shares logged yet another day of strong gains on Wednesday, making up almost all of the...

Updated 24 Dec, 2020 03:33am

Stocks

Japanese stocks move higher

TOKYO: Japanese stocks ended higher on Wednesday as investors bet the healthcare sector would continue to benefit...

Updated 24 Dec, 2020 03:33am

Stocks

Dubai leads most Gulf markets higher; Qatar dips

DUBAI: Dubai’s stock market outperformed the region on Wednesday, as the emirate is set to begin inoculations with...

Updated 24 Dec, 2020 03:33am

Energy

Asia’s naphtha stays firm on robust demand

SINGAPORE: Spot naphtha premiums for north Asian buyers stayed firm on Tuesday supported by robust demand, traders...

Updated 24 Dec, 2020 03:33am

Cotton & Textile

Trade activity remains bullish on cotton market

KARACHI: The local cotton market remained bullish on Wednesday. Market sources told that trading activity was...

Updated 24 Dec, 2020 03:33am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 23, 2020)....

Updated 24 Dec, 2020 03:33am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 183,777 tonnes of cargo comprising 117,094 tonnes of import cargo and 66,683 ...

Updated 24 Dec, 2020 03:33am

Commodities

Canadian canola futures higher

WINNIPEG: ICE Canadian canola futures rose on Tuesday, continuing their streak of registering fresh 7-year highs, on...

Updated 24 Dec, 2020 03:33am

Energy

US natural gas futures climb on colder weather

NEW YORK: US natural gas futures rose to a near three-week high on Tuesday on forecasts for colder weather that ...

Updated 24 Dec, 2020 03:33am

Commodities

CBOT soyabean futures climb to 6-1/2-year high

CHICAGO: Chicago Board of Trade soyabean futures climbed to new six-and-a-half-year highs on Tuesday, as traders...

Updated 24 Dec, 2020 03:32am

Commodities

PMEX daily trading report

KARACHI: On Tuesday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 7.760...

Updated 24 Dec, 2020 03:32am

Energy

FCA for Oct, Nov: CPPA-G seeks Rs1.53/unit increase in Discos’ tariffs

ISLAMABAD: Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought an increase of Rs1.53 per unit in tariffs...

Updated 24 Dec, 2020 03:32am

Pakistan

President seeks contribution of women in overall development

ISLAMABAD: President Dr Arif Alvi on Wednesday emphasized the importance of contribution of women in the overall...

Updated 24 Dec, 2020 03:32am

Pakistan

HCCI president inaugurates hand washing stations installed by SCF

HYDERABAD: President Hyderabad Chamber of Commerce and Industry Fahad Shaikh inaugurated hand washing stations...

Updated 24 Dec, 2020 03:32am

Pakistan

DGI&I H’abad seizes hashish worth millions of rupees

KARACHI: Directorate General Intelligence and Investigation (DGI&I), Hyderabad Wednesday claimed to have seized...

Updated 24 Dec, 2020 03:32am

Opinion

PARTLY FACETIOUS: The First Uncle and the First Daughter

“Hurry they say in our part of the world makes bad curry.” “I have it on good authority that while the former...

Updated 24 Dec, 2020 03:32am

Taxes

Taxpayers asked to provide certificate on plain paper

ISLAMABAD: The Federal Board of Revenue (FBR) has asked taxpayers to provide a certificate on plain paper that total...

Updated 24 Dec, 2020 03:32am

Pakistan

‘Efforts be made for placing special courts under control of high courts’

ISLAMABAD: Chief Justice of Pakistan Gulzar Ahmed emphasized upon filling the vacant posts at all levels in the...

Updated 24 Dec, 2020 03:32am

Energy

PD unable to collect Rs417bn of GIDC unless cabinet approves new rules

ISLAMABAD: The Petroleum Division is unable to collect Rs417 billion of Gas Infrastructure Development Cess (GIDC)...

Updated 24 Dec, 2020 03:32am

Pakistan

CCoP to finalise PSM transaction structure today

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) is scheduled to meet Thursday (Dec 24) to finalise...

Updated 24 Dec, 2020 03:32am

Pakistan

Cellular mobile operators asked to offer special bundle to students

ISLAMABAD: The Ministry of Information Technology and Telecommunication on Wednesday asked cellular mobile operators...

Updated 24 Dec, 2020 03:32am

World

EU eases bans over UK virus strain as WHO eyes response

• Qatar and Dubai roll out Pfizer-BioNTech virus jabs • Swiss swift start on Covid-19 vaccinations LONDON:...

Updated 24 Dec, 2020 03:32am

World

Masks block 99.9pc of large Covid-linked droplets

PARIS: Face masks reduce the risk of spreading large Covid-linked droplets when speaking or coughing by up to 99.9...

Updated 24 Dec, 2020 03:32am

Sports

Maradona suffered from liver, kidney, heart disorders

BUENOS AIRES: Argentina football legend Diego Maradona was suffering from liver, kidney and cardiovascular disorders...

Updated 24 Dec, 2020 03:32am

World

Putin expecting no change to US ties under Biden

MOSCOW: With less than a month before Joe Biden moves into the White House, Russian President Vladimir Putin said on...

Updated 24 Dec, 2020 03:32am

World

Three French policemen shot dead

SAINT-JUST, (France): Three police officers were killed and a fourth wounded in central France on Wednesday when a...

Updated 24 Dec, 2020 03:32am

World

Trump pardons two linked to Russia probe, Blackwater guards, others

WASHINGTON: US President Donald Trump granted pardons Tuesday to two people linked to a probe into alleged collusion...

Updated 24 Dec, 2020 03:32am

World

Migrant camp burns as Bosnia struggles with influx

SARAJEVO: Fire engulfed a refugee camp in Bosnia on Wednesday minutes after the site was closed because of its poor...

Updated 24 Dec, 2020 03:32am

World

US sues Walmart over opioid crisis

NEW YORK: The US Justice Department sued Walmart over its role in the opioid crisis on Tuesday, alleging the giant...

Updated 24 Dec, 2020 03:32am

Currency	Rate
USD PKR Interbank Selling / Jun 24	278.40
USD PKR Interbank Buying / Jun 24	278.20
USD to Japanese Yen / Jun 25	161.83
USD to Swiss Franc / Jun 25	0.81
Pound Sterling to USD / Jun 25	1.32
Euro to USD / Jun 25	1.14
SOFR % / Jun 24	3.62

Stock	Volume
S&P 500 / Jun 24	7,358.22
Nasdaq / Jun 24	25,476.63
Dow Jones / Jun 24	51,848.90
India Sensex / Jun 25	77,542.57
Tokyo Nikkei / Jun 25	72,326.48
Hang Seng / Jun 25	23,036.20
FTSE 100 / Jun 25	10,470.52
Germany DAX 30 / Jun 25	24,834.21
France CAC40 / Jun 25	8,395.16

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 25	69.47
Gold Spot USD/Ounce / Jun 25	3,981.05
Cotton US¢/pound / Jun 25	76.52
Petrol/Litre / Jun 26	299.50
Diesel/Litre / Jun 26	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