News Archives for Latest - 2020-12-29

Pakistan

Variant strain of COVID-19 in five positive UK inbound passengers' samples yet to be evaluated: NCOC

Importantly, it said these results would be confirmed through further analysis (whole genome sequencing) which would take a few more days to complete the study.

Updated 30 Dec, 2020 12:07am

Pakistan

NAB arrests Khawaja M. Asif

The National Accountability Bureau has arrested Khawaja M. Asif, senior member of the Pakistan Muslim League.
NAB confirms that the arrest was based on charges of assets beyond means.

Published 29 Dec, 2020 09:14pm

Stocks

Wall St opens at record high on fiscal aid relief, vaccine optimism

The Dow Jones Industrial Average rose 88.1 points, or 0.29%, at the open to 30,492.07.
The S&P 500 rose 14.7 points, or 0.39%, to 3750.01.

Published 29 Dec, 2020 08:26pm

Energy

Oil rises on hopes US pandemic stimulus will spur fuel demand

Oil up as US stimulus boosts demand hopes.
OPEC+ meeting on Jan 4 in focus for price direction.

Published 29 Dec, 2020 08:24pm

Forex

Dollar dips as US stimulus optimism boosts risk taking

The House of Representatives voted on Monday to more than triple stimulus payments to Americans, to $2,000 from $600.
The possibility of another US stimulus package has lifted the market's spirits.

Published 29 Dec, 2020 08:22pm

Companies

Mexico expects 100,000 Pfizer vaccines by early January

President Andres Manuel Lopez Obrador told reporters on Tuesday at a news conference that about 50,000 Pfizer vaccines have already arrived.
The government has an agreement to buy up to 35 million doses from the Chinese drugmaker.

Published 29 Dec, 2020 08:21pm

Stocks

TSX falls as materials sector drags

The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.7%.
Pot producer Aphria Inc fell 4.2%, the most on the TSX.

Published 29 Dec, 2020 08:18pm

Stocks

Saudi, Dubai lead broader regional gains on higher oil

Saudi Telecom top gainer on Saudi benchmark.
Dubai gains for first time in the week.
Abu Dhabi index bucks the trend.

Published 29 Dec, 2020 08:16pm

Forex

Euro cruises higher as dollar slips again

US House votes to increase stimulus cheques to $2,000.
Dollar short positions at the highest in three months.
Euro cruising higher after Brexit trade deal.

Published 29 Dec, 2020 08:14pm

Money & Banking

Eurasian Development Bank plans to borrow up to $1bn in 2021

Majority-owned by Russia and Kazakhstan and also present in Belarus, Armenia, Kyrgyzstan and Tajikistan, the EDB raised $537 million in dollar equivalents in 2020.
Next year it plans to raise 10 billion roubles ($136 million) and 50 billion Kazakh tenge ($119 million) .

Published 29 Dec, 2020 08:10pm

Forex

Polish zloty weakens, fueling speculation of central bank intervention

The central bank has frequently indicated in press statements that it was concerned about the zloty's strength.
On the international, global markets, nothing is happening, so it is 99% sure it is a central bank intervention.

Updated 29 Dec, 2020 08:10pm

Life & Style

French fashion designer Pierre Cardin dies aged 98: family

After a stint with Christian Dior, he had already set up his own fashion label in 1950.

Published 29 Dec, 2020 08:00pm

USA

Brazil jobless rate dips from pandemic-related record

That is 1.7 million more than a year ago, when the jobless rate for the same three month period was 11.6 percent.

Published 29 Dec, 2020 07:58pm

Business & Finance

Fiat greenlights electric car production in Poland

Officials did reveal an agreement with the Polish government to provide "FCA with the possibility of taking advantage of tax reliefs in the field of (CIT."

Published 29 Dec, 2020 07:56pm

USA

Argentina launches Covid-19 vaccinations with Russia's Sputnik V

Argentina is now the fourth country in Latin American to launch a vaccination campaign, after Mexico, Costa Rica and Chile.

Published 29 Dec, 2020 07:54pm

Europe

UK and Turkey sign £18 bn post-Brexit trade deal

The British government called the deal with Turkey a "major win for UK automotive, manufacturing and steel industries".

Published 29 Dec, 2020 07:53pm

Middle East

Iran launches trial of own Covid-19 vaccine: state TV

The novel coronavirus has killed nearly 55,000 out of more than 1.2 million people infected in Iran.

Published 29 Dec, 2020 07:51pm

Middle East

FBI found Beirut port blast caused by 500 tonnes of fertiliser: PM

Lead investigative judge Fadi Sawan this month charged Diab and three former ministers over the explosion in the first set of indictments against politicians.

Published 29 Dec, 2020 07:49pm

Pakistan

Karachi Airport attack case: ATC acquits four accused as prosecution fails to prove charges

The court directed the authorities to release them if they are not booked in any other cases
ATC issued lifetime arrest warrants for eight absconding accused including Mullah Fazlullah, who died in 2018

Published 29 Dec, 2020 07:40pm

Money & Banking

India's financial sector faces challenging times ahead: RBI

The challenge is to rewind various relaxations in a timely manner, reining in loan impairment and adequate capital infusion for a healthy banking sector.
Given the uncertainty induced by COVID-19 and its real economic impact, the asset quality of the banking system may deteriorate sharply going forward.

Published 29 Dec, 2020 07:39pm

Commodities

Wheat, corn down 0-2 cents, soybeans down 3-5 cents

Wheat futures near even after two days of losses that trimmed recent highs.
Corn fell after 11 days of gains, as increased rainfall in Brazil and Argentina strengthens crop prospects and eases global supply concerns.

Published 29 Dec, 2020 07:36pm

USA

US Senate wrangles over $2,000 stimulus checks, defense veto as deadline looms

Democrats, with help from Trump's Twitter feed, are pushing for a vote on the additional money.
The bill faces a tough path in the Republican-led Senate, with many Republicans pointing to hundreds of billions of dollars in added costs of COVID-19 relief.

Published 29 Dec, 2020 07:34pm

Companies

China's Tianqi Lithium agrees extension on $3bn of loans

The agreement eases the immediate financial pressure on Tianqi, one of the world's top producers of lithium chemicals used in electric vehicle batteries.
The repayment deadline on two loan tranches totalling $1.884 billion, which were used to fund an acquisition in 2018.

Updated 29 Dec, 2020 07:34pm

Pakistan

SECP registers 16,929 new companies, posts growth of 17pc: Report

The SECP received 1,737 returns both from the listed companies and beneficial owners during the year under review.

Published 29 Dec, 2020 07:25pm

Pakistan

Gold prices increase Rs.100 to Rs113,550 per tola

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

Published 29 Dec, 2020 07:22pm

Pakistan

Rupee weakens against US dollar

The buying and selling rates of dollar were recorded at Rs160.25 and Rs160.95 respectively.

Published 29 Dec, 2020 07:21pm

Pakistan

Palm oil imports increase 29.4pc to $876 million in 5 months

Soyabean oil imports also increased by 21.76 percent.

Published 29 Dec, 2020 07:19pm

Pakistan

Parting ways: Maulana Sherani announces separation of JUI-Pakistan from Fazl's JUI-F

Sherani says no political worker would be pressured under the JUI-Pakistan's discipline
We have inherited politics from our great leaders but they are no longer members of this party: Sherani

Published 29 Dec, 2020 06:37pm

Africa

South Africa imposes new virus curbs as WHO warns of worse pandemics

Ramaphosa said data showed "excessive alcohol consumption" leads to an increase in trauma cases reported at hospitals.

Published 29 Dec, 2020 06:38pm

Europe

UK needs tighter COVID rules to avert new "catastrophe", epidemiologist warns

Britain’s government needs to bring in tighter coronavirus lockdown rules to avert a fresh wave of deaths from a new strain of the disease, a leading epidemiologist and government advisor warned on Tuesday.
More than 71,000 people in Britain have died within 28 days of a positive test for the disease.

Published 29 Dec, 2020 06:37pm

Companies

Indonesia to ink Pfizer, AstraZeneca vaccine deals as awaits Sinovac clearance

Budi Gunadi Sadikin said a 50-million-dose deal with AstraZeneca would be finalised before the end of the year.
The first shots for both those drugs, which have gained regulatory approval in many western countries.

Published 29 Dec, 2020 06:35pm

South Asia

Bangladesh moves biggest group of Rohingya to isolated island

More than 700,000 Rohingya joined 300,000 already in camps in 2017 after a deadly purge on their villages in Myanmar.

Published 29 Dec, 2020 06:35pm

Forex

XRP cryptocurrency tumbles as Coinbase exchange moves to suspend trading

XRP down 19% to lowest since July.
Coinbase to suspend trading from Jan. 19.
Connected firm Ripple charged with unregistered securities offering.

Published 29 Dec, 2020 06:31pm

Europe

More England Covid patients in hospital than at April peak

More than 24 million people -- 43 percent of England -- are already living under the tightest level of regional restrictions.

Published 29 Dec, 2020 06:33pm

Europe

Belarus starts coronavirus vaccination with Sputnik V

Belarus Health Minister said health workers and teachers would be among the first Belarusians to be inoculated.

Published 29 Dec, 2020 06:32pm

Commodities

Soybeans fall for 2nd day on Argentine supply resumption hopes

Soybeans ease from 6-1/2 yr high, Argentine labour strike eyed.
Wheat unmoved after two sessions of losses, corn falls.

Published 29 Dec, 2020 06:30pm

Financial

Ant weighs financial holding company to placate regulators

Holding company to be regulated like financial firms.
Lending, insurance likely to go into holding company.
Holding company structure not yet final.
Central bank says Ant drafting plan to set up holding firm.

Published 29 Dec, 2020 06:27pm

Commodities

Aluminium hits lowest level in a month, copper climbs

Three-month aluminium on the London Metal Exchange was down 1.6% at $1,998 a tonne.
With aluminium, you can't argue that the metal is in short supply. There are production increases pretty much across the board and new capacity is being energised.

Published 29 Dec, 2020 06:23pm

Forex

Turkish lira hits strongest level since Sept 3

Britain and Turkey are set to sign a free trade agreement (FTA) on Tuesday.
The lira stood at 7.3700 against the US currency.

Published 29 Dec, 2020 06:22pm

USA

US begins coronavirus vaccinations for troops in South Korea

The vaccination is voluntary but the USFK chief "strongly" encouraged American service members to receive it.

Published 29 Dec, 2020 06:21pm

Companies

Turkey says it aims to produce Russia's Sputnik V vaccine at home

During the cabinet meeting yesterday, our Health Minister said this information had started to come from Russia and that everything was on the right track.
The aim of this cooperation is not only for vaccine supply but... for this vaccine to be produced in Turkey as well.

Published 29 Dec, 2020 06:17pm

Life & Style

Indian film star Rajinikanth ends political bid over health fears

The actor proved his political muscle in 1996 when he called on fans to oppose the Tamil Nadu government, which was then voted out of power.

Published 29 Dec, 2020 06:17pm

Stocks

Global stocks, oil lead risk rally on US stimulus hopes

FTSE 100 leads Europe stock gainers on Brexit deal.
US stock futures point to 0.4% gain at the open.
Oil futures recover on hope for higher demand.

Published 29 Dec, 2020 06:16pm

Companies

Fiat Chrysler to invest 2bn euros in Poland

Modern, hybrid and electric cars of the Jeep, Fiat and Alfa Romeo brands will start to leave the factory in Tychy in 2022.
Fiat Chrysler confirmed that new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy.

Published 29 Dec, 2020 06:12pm

Europe

UK virus strain has been in Germany since November

The variant was found in an elderly patient with underlying health conditions who has since died. His wife was also infected but survived.

Published 29 Dec, 2020 06:14pm

Europe

EU demands China release citizen journalist Zhang Zhan

Brussels also demanded the release of Yu Wensheng, a human rights lawyer jailed on December 13.

Published 29 Dec, 2020 06:12pm

Commodities

Gold rises as dollar dips on prospect of higher US aid

Spot gold rose 0.4% to $1,877.65 per ounce.
The metal climbed as much 1.3% on Monday after US President Donald Trump's approval of a $2.3 trillion stimulus package.

Published 29 Dec, 2020 06:09pm

Europe

Barnier plans French politics return after Brexit marathon

Barnier indicated he planned to back, as before his departure to Brussels, the right-wing The Republicans (LR) rather than Macron's The Republic on the Move (LREM).

Published 29 Dec, 2020 06:11pm

Europe

Moscow expands list of German officials banned from Russia

The foreign ministry in Moscow described EU allegations that Russia was involved in the hacking attacks as a "pretext".

Published 29 Dec, 2020 06:09pm

Companies

AirAsia to sell bulk of stake in its Indian operations to Tata Sons

The airline, which until now owned 49% of AirAsia India as part of a joint venture with the Indian conglomerate.
The directors having considered the rationale for the transaction and after careful consideration.

Published 29 Dec, 2020 06:07pm

Sports

South Africa hammer injury-hit Sri Lanka

Sri Lanka, needing 225 runs to avoid an innings defeat, were bowled out for 180.

Published 29 Dec, 2020 06:07pm

USA

Brazil's jobless rate falls to 14.3pc, first decline this year

The 14.3% unemployment rate was down from the record 14.6% in the three months to September.
The number of people in work was 84.3 million, up 2.8% from the May-July period but still down 10.4%.

Published 29 Dec, 2020 06:04pm

Sports

Sydney confirmed to host third India Test

A Covid-19 cluster emerged in Sydney earlier this month, with parts of the city in lockdown and restrictions placed on travel to other states.

Published 29 Dec, 2020 06:04pm

Commodities

Raw sugar prices ease, arabica coffee edges up

March New York cocoa was down $24, or 0.9%, at $2,536 a tonne.
March arabica coffee rose a marginal 0.15 cents, or 0.1%, to $1.2350 per lb.
March raw sugar was down 0.02 cents, or 0.1%, to 14.96 cents per lb.

Published 29 Dec, 2020 06:02pm

South Asia

Philippines bans arrivals from 20 countries over new virus strain

Dozens of countries closed their borders to the Britain in recent weeks over rising cases of a variant that is believed to spread faster.

Published 29 Dec, 2020 06:02pm

Europe

Germany's GNA Biosolutions offers new quick coronavirus test

GNA Biosolutions said its test is based on a new class of the polymerase chain reaction (PCR) technology.
The German health authority was checking the test results in a pilot study which should be completed in February.

Published 29 Dec, 2020 06:00pm

Europe

Russia, Turkey to develop military ties despite US sanctions

Pompeo at the time assured Turkish Foreign Minister that the American sanctions were intended to prevent Russia from receiving substantial revenues from the sale.

Published 29 Dec, 2020 06:00pm

Pakistan

Rifts in PDM: PPP to resign from assemblies only on Nawaz's return, decides CEC

PPP leaders observed that in case of submitting resignations, the government could erase the 18th Amendment of the Constitution and annul other democratic laws
The party's executive committee decided that it will take part in all elections, including the Senate and general polls and will not take dictation from anyone

Published 29 Dec, 2020 06:01pm

Europe

Turkey, UK sign post-Brexit free trade deal

The trade ministers of the two countries signed the agreement in a televised videoconference call.
The trading relationship was worth 18.6 billion pounds ($25.25 billion) in 2019.

Published 29 Dec, 2020 05:50pm

Europe

Croatia rocked by powerful 6.4 earthquake

Images of the town, which is home to around 20,000, showed collapsed roofs and streets strewn with bricks and other debris.

Published 29 Dec, 2020 05:58pm

Europe

Coronavirus toll at 1100 GMT Tuesday

At least 81,517,140 cases of coronavirus have been registered. Of these, at least 51,201,600 are now considered recovered.

Published 29 Dec, 2020 05:56pm

Companies

Proton Saga to Launch in Pakistan in January 2021

After introducing its Proton X70 to the Pakistani market, Proton is now launching the Proton Saga in January 2021

Published 29 Dec, 2020 05:35pm

Europe

Excess deaths in Russia from COVID-19 three times the official toll: Report

According to the Russian Deputy Prime Minister Tatiana Golikova, more than 80% of excess deaths this year are linked to the coronavirus pandemic, which is three times the official death toll.
Official figures state that 55,827 people have died from contracting the coronavirus in Russia, but the excess death estimates would raise that to 186,000 people.

Updated 29 Dec, 2020 05:49pm

Commodities

Gold rises as dollar dips on prospect of higher US aid

Capping bullion's gains was a marathon COVID-19 vaccination campaign across euro zone cheering up prospects of global growth in 2021.

Published 29 Dec, 2020 03:54pm

Forex

Euro cruises higher as dollar skids again

Bitcoin slipped 2.4% to $26,367, continuing its retreat from the all-time high of $28,377.94 it had set on Sunday.

Published 29 Dec, 2020 03:51pm

Business & Finance

SOCAR, ENOC offer lowest prices for Feb LNG cargoes to Pakistan

PLL is a government subsidiary that procures LNG from the international market.

Published 29 Dec, 2020 03:50pm

Stocks

Global stocks, oil lead risk rally on US stimulus hopes

The euro climbed for the third day in a row, up 0.3%, also buoyed in part by talk of an EU-China trade pact.

Published 29 Dec, 2020 03:49pm

Pakistan

PM directs NA speaker to accept oppositions' resignations as soon as they are submitted

Imran says the resignations should be accepted within 30 minutes after verification
The opposition is playing its cards to get National Reconciliation Ordinance: Imran

Published 29 Dec, 2020 03:46pm

Pakistan

Punjab education minister says closure of schools may be extended

He said he is not in favor of closing educational institutions.
Educational institutions were closed on November 26.

Published 29 Dec, 2020 03:08pm

USA

U.S. House approves $2,000 coronavirus aid checks sought by Trump

The Democratic-led U.S. House of Representatives voted 275-134 to meet President Donald Trump’s demand for $2,000 COVID-19 relief checks on Monday, sending the measure on to an uncertain future in the Republican-controlled Senate.
Trump last week threatened to block a massive pandemic aid and spending package if Congress did not boost stimulus payments from $600 to $2,000 and cut other spending.

Published 29 Dec, 2020 03:01pm

Business & Finance

Exchequer losing billions, over non-installation of electric meters in Railway Colonies

The remarks were made after it has been revealed that billions of rupees have been embezzled from Pakistan Railways in the field of electricity, in a report, the Railway Minister Azam Swati presented to Prime Minister.

Published 29 Dec, 2020 03:00pm

Pakistan

New coronavirus strain detected in three UK returnees, confirms Sindh health dept

Officials took samples of 12 people upon their return from the UK for genotyping, out of which six turned out to be positive while three showed the new strain of the virus
Health experts say samples of three UK returnees show a 95 percent match to the new Corona Virus variant from UK in the first phase of Genotyping

Published 29 Dec, 2020 02:00pm

Pakistan

Eight Pakistanis on 100 outstanding nurses and midwife leaders’ list

Eight nurses and midwives from Pakistan have been honored in the global 100 Outstanding Women Nurse and Midwife Leaders 2020 list by Women in Global Health (WGH).
All eight recipients of this award are faculty or alumni of the Aga Khan University's School of Nursing and Midwifery.

Updated 29 Dec, 2020 01:32pm

Business & Finance

Petroleum Divison rejects reports on LNG imports terming it ‘misleading’

The PD in a statement said, "Ignoring the fact that spot LNG prices are always higher in winter given global demand and supply dynamics. Comparing a spot price in a high winter month with term price is totally irrational.”

Published 29 Dec, 2020 01:27pm

Pakistan

Revelation that weapons were planted on bodies of Kashmiris 'only a tip of ice-berg of Indian crimes against Kashmiris': FO

The list of India’s crimes against the Kashmiri people is long, FO said.
On Sunday, Indian police charged Captain Bhoopendra Singh for killing the three Kashmiri civilians.

Updated 29 Dec, 2020 01:13pm

Pakistan

Illegal encroachment case: CJP Gulzar reprimands Sindh CM, says Karachi has been turned into graveyard

The chief justice expressed dismay over the failure to present report on the anti-encroachment drive in the port city
Gulzar directed the Sindh government to clear the land of Kidney Hill Park from encroachments
The case is ongoing for four years but there are no results: CJP
The top court has given Sindh chief minister one month to submit a report on the matter

Published 29 Dec, 2020 12:58pm

Pakistan

33 more areas of Lahore put under smart lockdown

A smart lockdown has been imposed in 33 areas in Lahore for two weeks.
Lahore has reported 67,275 cases and 1,564 deaths.

Published 29 Dec, 2020 12:18pm

Stocks

Hong Kong stocks up at lunch

The Hang Seng Index rallied 1.05 percent, or 275.99 points, to 26,590.62.

Published 29 Dec, 2020 12:16pm

World

50 journalists killed in 2020: watchdog

The figure shows an increase in the targeting of reporters investigating organised crime, corruption or environmental issues, the watchdog said.

Published 29 Dec, 2020 12:11pm

Perspectives

CTBCM: Delusion of a Market

The influence of political economy on decision-making is no secret, and the resultant skewed priorities have serious...

Published 29 Dec, 2020 12:10pm

IT and Computers

China's factory activity likely sustained strong expansion in Dec

"China Beige Book data continue to show a less robust recovery than official statistics," said Leland Miller, the CEO of the US-based consultancy, in a statement released alongside the survey results.

Published 29 Dec, 2020 12:09pm

Pakistan

Boosting ties: High-level Saudi delegation to visit Pakistan next month

During the visit, the Saudi foreign minister will hold talks with President Arif Alvi, Prime Minister Imran Khan and foreign minister
Officials from both sides with hold discussion on various issues, including establishment of a Saudi oil refinery in Pakistan

Published 29 Dec, 2020 12:10pm

Sports

Solskjaer says Cavani ready to start more games for Man Utd

"At the moment it looks like he has a few years left in him. I wouldn't say anything else," Solskjaer added.

Published 29 Dec, 2020 12:07pm

Stocks

China stocks fall as material, energy shares drag on profit-taking

Chinese H-shares listed in Hong Kong rose 1.45% to 10,460.52, while the Hang Seng Index was up 1.05% at 26,590.62.

Published 29 Dec, 2020 12:05pm

World

India finds six cases of new coronavirus variant in UK arrivals

India on Tuesday reported 16,432 new cases of the virus, taking its total up to 10.22 million confirmed infections and 148,153 deaths.

Published 29 Dec, 2020 12:03pm

Forex

Yuan inches higher on dollar weakness, year-end cash demand

Foreign exchange forward curves moved upward as a result of higher demand for the yuan. Spot-next contract for dollar/yuan jumped to 70 points on Tuesday morning, the highest since late September.

Published 29 Dec, 2020 12:01pm

Commodities

Palm tracks soyoil fall as Argentine labour talks could restore supply

The market is waiting for Dec. 1 to 31 palm oil production and export data, as well as Malaysian Palm Oil Board December supply and demand data where end-stocks are expected to fall to 1.4 million tonnes, Bagani said.

Published 29 Dec, 2020 11:59am

World

Renewed COVID lockdowns likely in Southern California as ICUs stay filled

California has lost 3,238 lives to COVID during the past 14 days, and averaged 230 deaths daily over the past week, pushing total coronavirus fatalities in the state above 24,000 to date.

Published 29 Dec, 2020 11:56am

Sports

Australia captain Paine backs Smith to find form

"I just think we need to bat better, it doesn't matter who's out there -- we need to be scoring runs," said Paine.

Published 29 Dec, 2020 11:53am

Sports

Southee takes 300th wicket as NZ edge towards Pakistan win

Ross Taylor (12) and Santner (six) were left not out when Williamson called them in with a lead of 372 runs.

Published 29 Dec, 2020 11:51am

Stocks

Indian shares extend rally as beaten-down banking stocks gain

Metal and energy stocks lost ground, with the Nifty Energy index and the Nifty Metal index slipping about 1% each.

Published 29 Dec, 2020 11:48am

Stocks

Japan stocks lead Asian shares higher as US stimulus fuels rally

Oil prices recovered after falling overnight because of concerns about increased supply and lower demand amid fresh COVID-19 travel restrictions around the world.

Published 29 Dec, 2020 11:46am

Energy

A historic oil price collapse, with worries headed into 2021

Shutdowns in more developed economies "increase refineries' exposure to the highly competitive product export market," BP said in its outlook, released in September.

Published 29 Dec, 2020 11:42am

Pakistan

PTI mulling “Naya Mazdoor” program to mobilize Pakistan’s labor force

The PTI Government is reviewing an ‘Employment Generation and Empowerment’ framework comprising of the “Naya...

Published 29 Dec, 2020 11:39am

Business & Finance

China rejects ‘groundless’ reports about ending financial support to Pakistan

Zhao Lijian said such reports are groundless and both countries are resolute in pushing forward the construction of this mega project.

Published 29 Dec, 2020 11:40am

Companies

Vietnam Airlines to issue $346mn in shares to support recovery

With the uncertainty of the pandemic, Vietnam Airlines has set a target of full recovery and making profit from 2023.

Published 29 Dec, 2020 11:40am

Stocks

Australia shares rise on US stimulus cheer; NZ ends at record high

Energy stocks rose 0.4%, tracking an uptick in oil prices on expectations of rising fuel demand. Sector heavyweight Woodside Petroleum added almost 1%.

Published 29 Dec, 2020 11:37am

Sports

Shastri hails India's Melbourne comeback, lauds Rahane

Shastri felt Rahane's quiet leadership, which contrasts Kohli's animated captaincy, helped the bowlers and debutants Shubman Gill and Mohammed Siraj.

Published 29 Dec, 2020 11:34am

Forex

South Africa's rand unchanged as US stimulus hopes counter stricter local lockdown

But the impact of a stricter lockdown in South Africa announced by President Cyril Ramaphosa is still to play out on the currency and the stock market locally.

Published 29 Dec, 2020 11:32am

Money & Banking

VIS reaffirms corporate governance rating of ABL at CGR-9+

KARACHI: VIS Credit Rating Company Limited (VIS) has reaffirmed the Corporate Governance Rating of Allied Bank...

Updated 29 Dec, 2020 11:26am

Taxes

Extension urged in date of filing tax returns

HYDERABAD: Hyderabad Chamber of Small Traders and Small Industry president Saleemuddin Qureshi has demanded the FBR...

Updated 29 Dec, 2020 11:22am

Pakistan

Intra-Afghan peace talks in Doha on January 5: 'Blaming Pakistan for failure may widen mistrust at crucial stage'

ISLAMABAD: Senior Afghan officials continue to blame Pakistan for the Afghan government's failure to handle its...

Updated 29 Dec, 2020 11:13am

Pakistan

The Weather

KARACHI: The weather report on Monday (December 28, 2020) and the forecast for Tuesday (December 29, 2020)....

Updated 29 Dec, 2020 11:10am

Pakistan

Removal of 'encroachments': MoD, CDA share plan with cabinet

ISLAMABAD: Ministry of Defence (MoD) and Capital Development Authority (CDA) are said to have shared a detailed plan...

Updated 29 Dec, 2020 11:07am

Pakistan

55 more succumb to Covid-19

ISLAMABAD: The coronavirus has claimed 55 lives during the last 24 hours, said the National Command and Operation...

Updated 29 Dec, 2020 11:06am

Pakistan

'Track-II dialogue' commences, claims Durrani

ISLAMABAD: Pakistan Muslim League-Functional (PML-F) secretary general Muhammad Ali Durrani on Monday underscored ...

Updated 29 Dec, 2020 11:06am

Pakistan

Sherani convenes 'expelled leaders' moot today

ISLAMABAD: Maulana Muhammad Khan Sherani has convened a meeting of the expelled leaders of Jamiat Ulema-e-Islam-Fazl...

Updated 29 Dec, 2020 11:04am

Pakistan

Travel restrictions: Further extension on travellers from UK till January 4

ISLAMABAD: The Civil Aviation Authority (CAA) on Monday announced further extension in the coronavirus travel...

Updated 29 Dec, 2020 11:03am

Pakistan

Drugs' price hike irks parliamentary body

ISLAMABAD: A parliamentary panel on Monday expressed serious concerns over the massive increase in medicine prices,...

Updated 29 Dec, 2020 11:02am

Pakistan

Blasphemous material on internet: LHC CJ irked by govt's failure

LAHORE: Chief Justice Lahore High Court Muhammad Qasim Khan on Monday while hearing a petition against the...

Updated 29 Dec, 2020 11:02am

Commodities

Gold continues to shine amid COVID-19 marred 2020

Gold prices rose to record levels in August when the price of gold per ounce reached USD 2,075.

Published 29 Dec, 2020 10:53am

Commodities

Soybeans end lower on progress in Argentine labor talks

Corn, meanwhile, was supported by strong weekly exports and new sales of nearly 150,000 tonnes to unknown destinations. For the week, nearly 994,000 tonnes of corn was exported, above trade expectations.

Published 29 Dec, 2020 10:53am

Financial

US yields cling to gains after stimulus bill signed

Breakeven rates on 10-year TIPS, which measure expected annual inflation for the next 10 years, were last at 1.967%, little changed from 1.968% on Thursday.

Published 29 Dec, 2020 10:50am

Financial

JPMorgan to buy third-party loyalty program unit of cxLoyalty

"Acquiring the travel and rewards businesses of cxLoyalty will provide enhanced experiences to our millions of Chase customers once they are ready, comfortable and confident to travel."

Published 29 Dec, 2020 10:47am

Commodities

Raw sugar rises past 15 cent level; arabica coffee falls about 2%

"There are a lot of demand worries as the coronavirus is making a comeback in the US and Europe," one dealer said.

Published 29 Dec, 2020 10:45am

Pakistan

Three minors burnt to death in Karachi's Kashmir Colony

Rescue workers say the fire broke out on the ground floor of a two-storey building in which the family was living
The cause of the blaze has not yet been determined: Rescuers

Published 29 Dec, 2020 10:44am

Forex

Euro beats yen, sterling as Brexit, US stimulus boost risk appetite

Win Thin, global head of currency strategy at Brown Brothers Harriman, expects the dollar index to test its February 2018 low of 88.25.

Published 29 Dec, 2020 10:40am

Sports

Chelsea missing injured Ziyech, could return soon: Lampard

"The obvious next part is end product," Lampard said, urging Hudson-Odoi to step up in terms of assists and scoring.

Published 29 Dec, 2020 10:37am

World

Brazil to seek regulatory approval for AstraZeneca vaccine on Jan. 15

"Nobody pressures me for anything, I don't give a damn about it," he said in a video aired on CNN Brasil.

Published 29 Dec, 2020 10:32am

Companies

Brazil's Petrobras seeks $152mn from Odebrecht over Braskem dispute

Petroleo Brasileiro SA, as the oil firm is known formally, said in a securities filing it had formalized the compensation request on Monday.

Published 29 Dec, 2020 10:28am

USA

Bolsonaro says COVID-19 vaccine will be available to Brazilians 5 days after approval

Bolsonaro, who was infected with COVID-19 in July.

Published 29 Dec, 2020 10:24am

World

Worldwide coronavirus cases cross 80.8 million, death toll at 1,766,359

Interactive graphic tracking global spread of coronavirus.

Published 29 Dec, 2020 10:20am

Business & Finance

Dawood rejects propaganda regarding Pakistan, Afghanistan trade dialogue

He termed the tweet of an Afghan news channel about the meeting as contrary to what they discussed.

Published 29 Dec, 2020 10:22am

Commodities

Top five China commodities to eye for growth in 2021

Prices have eased as vaccine hopes spurred investors to redeploy capital, but bullion's outlook remains upbeat in 2021.

Published 29 Dec, 2020 10:16am

World

Mexico electricity outage leaves 10.3 million temporarily without power

The National Center of Energy Control (CENACE) said the network lost 7,500 megawatts because of "an imbalance between load and power generation."

Published 29 Dec, 2020 10:14am

Stocks

Australia shares climb as US aid bill passage boosts sentiment, NZ at record high

New Zealand's benchmark S&P/NZX 50 index rose 0.9% to hit a record high at 13,152.39.

Published 29 Dec, 2020 10:11am

World

China reports 27 new COVID cases vs 21 a day earlier

The number of new asymptomatic cases, which China does not classify as confirmed cases, fell to eight from 20 cases a day earlier.

Published 29 Dec, 2020 10:08am

Business & Finance

Mobility and Fintech: Olymp Trade’s Keys to a New Financial Future

In 2020 life was redefined after the COVID-19 pandemic hit. Many industries shifted to working from home. According...

Published 29 Dec, 2020 10:07am

Business & Finance

South Korea exports growth seen accelerating in Dec

*Trade data for December and the whole of 2020 will be out on Jan. 1 at 9 a.m. (0000 GMT Jan. 1).

Published 29 Dec, 2020 10:06am

World

A Biden-Xi reboot will be frosty but mostly honest

President Donald Trump's tenure was so irascible, Biden can calm troubled waters by simply declining to escalate.

Published 29 Dec, 2020 10:01am

USA

Mexican court rolls back sanction for firm owned by son of president's ally

The SFP-led investigation exonerated him of any wrongdoing.

Published 29 Dec, 2020 09:59am

World

Mexico reports 5,996 new coronavirus cases, 429 more deaths

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

Published 29 Dec, 2020 09:56am

USA

Venezuela's Maduro calls extension of parliament 'unconstitutional'

Guaido labels Maduro a corrupt dictator who has overseen the economic collapse of the once-prosperous OPEC nation.

Published 29 Dec, 2020 09:55am

BR Research

Power tariff raise

The integrated circular debt reduction plan is being submitted to the cabinet and principally it is approved. This...

Updated 29 Dec, 2020 09:56am

World

FAA to reform new airplane safety approvals after 737 MAX crashes

"We're not going to pay people at the FAA to move planes faster," Cantwell said. "This is about getting safety right."

Published 29 Dec, 2020 09:51am

Pakistan

Asad Umar recovers from coronavirus

He thanked all those who asked about his health and wished him a speedy recovery.
- He tested positive on December 18.

Published 29 Dec, 2020 09:45am

Telecommunication

Soybeans ease for second session on Argentine labour talks

Wheat fell for a third consecutive session, while corn dropped for the first time in 12 sessions.

Published 29 Dec, 2020 09:50am

World

South Korea to get Moderna's COVID-19 vaccine for 20mn people: Yonhap

This comes a day after officials vowed to speed up efforts to launch a public coronavirus.

Published 29 Dec, 2020 09:48am

Energy

Oil gains on hopes US pandemic stimulus payments to spur fuel demand

The group is set to boost output by 500,000 barrels per day (bpd) in January and Russia supports another increase of the same amount in February.

Published 29 Dec, 2020 09:45am

World

Sydney on alert after mystery cases but new infections remain low

Only residents with permits for hospitality venues will be allowed into the city on New Year's Eve and households across Sydney are only allowed to host 10 people. Outdoor gatherings are limited to 50 people.

Published 29 Dec, 2020 09:42am

Stocks

Asian shares rise on US stimulus fix, Nikkei hits 30-year high

Oil prices recovered a touch after falling overnight on concerns that new travel restrictions on the back of the COVID-19 pandemic would weaken fuel demand, and as the prospect of increased supply dragged on prices.

Published 29 Dec, 2020 09:40am

World

Trump administration bolsters order barring US investment in Chinese firms

The November executive order sought to give teeth to a 1999 law that mandated that the Department of Defence compile a list of Chinese military companies.

Published 29 Dec, 2020 09:37am

Companies

Samsung extends South Korea LCD production for indefinite period

A spokeswoman for Samsung Display declined to comment on the IT Chosun report.

Published 29 Dec, 2020 09:34am

World

U.S. government appeals judge's order blocking TikTok restrictions

A separate U.S. appeals court is set to hear an appeal in February of an October ruling by U.S. District Judge Wendy Beetlestone in Pennsylvania.

Published 29 Dec, 2020 09:31am

World

South Korea sets $8.5bn package to fight new coronavirus wave

The ministry said the cash handouts will be offered starting from Jan. 11, and expects that the latest measures could help around a total 5.8 million people.

Published 29 Dec, 2020 09:31am

World

Lockheed Martin misses F-35 jet delivery target due to COVID-19

The defense contractor delivered 123 aircraft in 2020, underperforming its target established in late 2019.

Published 29 Dec, 2020 09:29am

Forex

Dollar languishes amid pandemic aid optimism, pound meanders

While the agreement came as a relief to investors, the pact leaves Britain far more detached from the EU, analysts say.

Published 29 Dec, 2020 09:29am

World

U.S. screens 1.28 million people at U.S. airports

The United States has reported more than 19 million COVID-19 cases and 333,180 coronavirus-related deaths.

Published 29 Dec, 2020 09:27am

Stocks

Nikkei scales three-decade high on expanded US stimulus hopes

Elsewhere, furniture retailer Nitori Holdings rose 1.44% after completing its tender offer for Shimachu Co. Shares of Shimachu inched up 0.18%.

Published 29 Dec, 2020 09:26am

World

Turkey, UK to sign free trade deal this week -Erdogan

The trading relationship was worth 18.6 billion pounds ($25.25 billion) in 2019.

Published 29 Dec, 2020 09:25am

Asia

Philippines gives green light to trials of Janssen's COVID-19 vaccine

The trials could begin in the next few weeks, FDA head Rolando Enrique Domingo told a media briefing.

Published 29 Dec, 2020 09:25am

World

Russia gives Kremlin critic Navalny an ultimatum: Return immediately or face jail

The Federal Prison Service (FSIN) on Monday accused Navalny of violating the terms of a suspended prison sentence he is still serving out over a conviction dating from 2014.

Published 29 Dec, 2020 09:22am

World

First US troops vaccinated in South Korea as country reports record coronavirus deaths

"We made progress in finding the silent spreaders and preventing the transmission," Chung told a meeting.

Published 29 Dec, 2020 09:21am

World

EU-China investment deal likely this week - officials

“The talks are about to be concluded. It’s looking good. There are only some minor details left which need to be hammered out,” an EU official with knowledge of the talks told Reuters.

Published 29 Dec, 2020 09:18am

Commodities

Palm tracks soyoil fall ahead of talks to end Argentine labour strike

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 12 ringgit, or 0.34%, to 3,530 ringgit ($871.60) a tonne during early trade.

Published 29 Dec, 2020 09:19am

Commodities

London copper edges up on US stimulus paychecks optimism

Three-month copper on the London Metal Exchange rose 1.4% to $7,898.50 a tonne by 0239 GMT, while the most-traded February copper contract on the Shanghai Futures Exchange was almost flat at 58,720 yuan ($8,991.65) a tonne.

Published 29 Dec, 2020 09:17am

Forex

Australia, NZ dollars gain as US package, Brexit deal encourage risk

Last week's Brexit agreement helped support the outlook for global growth, also lifting Asian stocks on Tuesday.

Published 29 Dec, 2020 09:15am

Commodities

Gold gains on softer dollar; US Senate pandemic aid vote eyed

Gold, seen as a hedge against inflation, has gained more than 23% this year, largely driven by a raft of stimulus measures unleashed to mitigate the impact of the pandemic.

Published 29 Dec, 2020 09:12am

Asia

Bangladesh moves second group of Rohingya refugees to remote island

Some 1,804 Rohingya were being moved in seven ships to Bhasan Char island, said Navy Commodore Abdullah Al Mamun Chowdhury.

Published 29 Dec, 2020 09:10am

Sports

India turn tables on Australia in Melbourne to level series

Tailenders Starc (14 not out), Pat Cummins (22) and Hazlewood (10) showed stiffer resistance than a number of their batting team mates to push Australia to 200 for the first time in the series.

Published 29 Dec, 2020 09:10am

USA

US police officer fired after killing unarmed Black man

Hill, who was not armed at the time of the shooting, was the second African-American killed by police in less than three weeks in Columbus.

Published 29 Dec, 2020 09:02am

Stocks

Tokyo stocks open higher after US gains

The number of virus cases continues to soar in Japan and Prime Minister Yoshihide Suga urged people to avoid gatherings, saying "the virus has no holidays".

Published 29 Dec, 2020 08:59am

World

Biden says Trump Pentagon stalling transition, posing risks

Miller released a statement Monday saying the Pentagon's coordination efforts with the transition team "already surpass those of recent administrations with over three weeks to go."

Published 29 Dec, 2020 08:57am

Stocks

Hong Kong stocks open on front foot

The Hang Seng Index rose 0.67 percent, or 175.82 points, to 26,490.45.

Published 29 Dec, 2020 08:55am

World

New York state passes tough new anti-eviction bill

The New York Times described the measures as "one of the most comprehensive anti-eviction laws in the nation."

Published 29 Dec, 2020 08:50am

Sports

Australia all out for 200, India need 70 to win second Test

Lyon lasted 15 balls before being caught behind off Siraj, with Starc and Hazlewood adding a final 15 runs.

Published 29 Dec, 2020 08:48am

Stocks

Most Asia markets advance after Wall St sets new records

Tokyo and Wellington piled on more than one percent each, while Hong Kong, Sydney, Singapore, Manila and Jakarta also enjoyed healthy gains.

Published 29 Dec, 2020 08:43am

World

Brexit deal puts UK fishermen in uncharted waters

On January 1, when Britain leaves the single market, the headache begins along with the heartache.

Published 29 Dec, 2020 08:40am

Sports

Boult, Southee strike as New Zealand put Pakistan on the ropes

He was dismissed soon after for 53 when Pakistan successfully switched to a short-ball attack.

Published 29 Dec, 2020 08:38am

World

In final days, a weakened Trump faces first veto override

President-elect Joe Biden, asked by a reporter Monday if he favored raising the payouts to $2,000, replied, "Yes."

Published 29 Dec, 2020 08:35am

BR Research

Bata Pakistan Limited

Bata Pakistan Limited (PSX: BATA) was established in Pakistan in 1951 as Bata Shoe Company (Pakistan) Limited. ...

Published 29 Dec, 2020 07:40am

BR Research

Fertilizer roundup

The calendar year 2020 has been tough on most counts. Fertilizer sector has thankfully been able to weather the...

Published 29 Dec, 2020 07:35am

BR Research

Telco’s in 2020

Dubbed as “a year like no other,” 2020 was also an unprecedented year for connectivity providers. Amidst a ...

Published 29 Dec, 2020 07:30am

Pakistan

PDM leaders to meet in Lahore on January 1

ISLAMABAD: The Pakistan Democratic Movement (PDM) has convened its leadership-level meeting on January 1st, 2021 in...

Updated 29 Dec, 2020 03:51am

Industry

KP cabinet approves revised Industrial Policy 2020

PESHAWAR: The provincial cabinet of Khyber Pakhtunkhwa Monday gave conditional approval to revised Industrial Policy...

Updated 29 Dec, 2020 03:51am

Pakistan

2005-2006: Leases granted under forest policy cancelled: minister

KARACHI: Sindh Minister for Information, Local Government and Forests Syed Nasir Hussain Shah on Monday said that ...

Updated 29 Dec, 2020 03:51am

Pakistan

Rebuilding Hyderabad infrastructure: All resources will be utilised: DC

HYDERABAD: The Deputy Commissioner Hyderabad Fuad Ghaffar Soomro has assured that all available resources would be...

Updated 29 Dec, 2020 03:51am

Pakistan

PHC order of releasing 'terrorists' suspended by SC

ISLAMABAD: The Supreme Court suspended the Peshawar High Court's (PHC's) order to released a number of persons...

Updated 29 Dec, 2020 03:51am

Energy

'KE owes Rs 122 billion to SSGC'

KARACHI: SSGC would once again like to reiterate that the only GSA signed between SSGC and K-Electric was for 10...

Updated 29 Dec, 2020 03:51am

Pakistan

Clifton, Schon Circle: Road construction, renovation under way: administrator

KARACHI: Administrator Karachi Laeeq Ahmed on Monday said that road construction and renovation is being carried out...

Updated 29 Dec, 2020 03:51am

Pakistan

Kashmir, adjoining areas: Light rain with snowfall likely today

KARACHI: According to the Met Office a light rain with snowfall is expected in Kashmir and adjoining hilly areas on...

Updated 29 Dec, 2020 03:51am

Pakistan

Lebanese consortium qualifies for 'Lahore Master Plan'

LAHORE: A Lebanese consortium, Dar Al-Handasah, has qualified for the preparation of new Lahore Master Plan 2050. It...

Updated 29 Dec, 2020 03:51am

Pakistan

'Total fish production in Punjab reaches 113,000 metric tons'

LAHORE: The area under fish farms has reached 80,000 acres of land from 70,000 acres of land during the last two...

Updated 29 Dec, 2020 03:51am

Pakistan

'Investors' encouragement vital for revival of economy'

LAHORE: Governor Punjab Chaudhry Mohammad Sarwar said on Monday that the business community is playing a significant...

Updated 29 Dec, 2020 03:51am

Taxes

FBR chief for early nomination of appellate tribunals' members

ISLAMABAD: Early nomination for members of appellate tribunals would help it recover half of Rs456 billion involved...

Updated 29 Dec, 2020 03:51am

Industry

APTMA hails improved gas supply to export sector units in December

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has appreciated and acknowledges the much-improved gas...

Updated 29 Dec, 2020 03:51am

Pakistan

LHC takes notice of remarks of CCPO

LAHORE: Lahore High Court (LHC) Chief Justice on Monday took notice of statements of Capital City Police Officer...

Updated 29 Dec, 2020 03:51am

Industry

Coloured cement plant: Dhan Cement Co applies for NOC

LAHORE: The Dhan Cement Company has applied for no objection certificate for setting up of coloured cement plant...

Updated 29 Dec, 2020 03:51am

Europe

Croatia rattled by 5.2 magnitude quake

ZAGREB: A 5.2-magnitude earthquake rattled central Croatia and Zagreb early Monday morning, the...

Updated 29 Dec, 2020 03:51am

Europe

Vaccine campaign grows alongside fears Covid spreading faster

BRUSSELS: Belgium on Monday joined a growing list of countries to launch Covid-19 vaccination campaigns, while a new...

Updated 29 Dec, 2020 03:51am

World

Sydney bans New Year crowds as Australian virus cluster grows

SYDNEY: Plans to let thousands of frontline workers ring in the new year around Sydney Harbour were ditched Monday ...

Updated 29 Dec, 2020 03:51am

Life & Style

Mexican songwriter Armando Manzanero dies of Covid

MEXICO CITY: Mexican singer-songwriter Armando Manzanero died Monday at the age of 86 after being hospitalized with...

Updated 29 Dec, 2020 03:51am

Africa

US criticises arrest of Reuters cameraman in Ethiopia

NAIROBI: Ethiopian police arrested a Reuters cameraman last week and have held him in custody without charge, the...

Updated 29 Dec, 2020 03:51am

Middle East

Iran warns Israel not to cross Gulf 'red lines'

TEHRAN: Iran warned Israel on Monday not to cross its "red lines" in the Gulf in the final days of Donald Trump's...

Updated 29 Dec, 2020 03:51am

Europe

Russia expels Bulgarian diplomat

MOSCOW: Russia on Monday said that it had expelled a Bulgarian diplomat in a tit-for-tat response after the EU and...

Updated 29 Dec, 2020 03:51am

World

17 fishermen feared dead after trawler sinks in Arctic Russia

MOSCOW: Seventeen fishermen were missing and feared dead on Monday after a Russian trawler capsized during a storm...

Updated 29 Dec, 2020 03:51am

South Asia

Sri Lanka welcomes first tourists despite new coronavirus strain

COLOMBO: Sri Lanka welcomed its first foreign tourists in nine months Monday even as a new deadlier strain of the...

Updated 29 Dec, 2020 03:51am

Industry

Malaysia's exports rise 4.3 percent

KUALA LUMPUR: Malaysia's exports rose for the third straight month in November, expanding 4.3% from a year earlier,...

Updated 29 Dec, 2020 03:51am

Money & Banking

Thai central bank eases rules on $16.6 billion soft loans

BANGKOK: Thailand's central bank has further relaxed rules on its 500 billion baht ($16.6 billion) soft loan...

Updated 29 Dec, 2020 03:51am

World

Trump, under pressure, signs $900 billion Covid relief bill

WEST PALM BEACH, (United States): After delaying for nearly a week and under pressure from all sides, US President...

Updated 29 Dec, 2020 03:51am

Money & Banking

Swiss return remaining $150 million seized over Stanford scam to US

GENEVA: Swiss authorities said Monday that they were returning to the United States the remaining $150 million ...

Updated 29 Dec, 2020 03:51am

Industry

Japan factory output growth stalls in November

TOKYO: Japan's industrial output growth stalled in November after rising for five months, underscoring the fragile...

Updated 29 Dec, 2020 03:50am

Money & Banking

Commerzbank to sink 610 million euros into job cuts

FRANKFURT AM MAIN: Germany's second-largest lender Commerzbank said Monday it will set aside 610 million euros the...

Updated 29 Dec, 2020 03:50am

Industry

China expands list of sectors for attracting foreign investment

BEIJING: China's state planner expanded on Monday the list of industries in which it will seek to encourage foreign...

Updated 29 Dec, 2020 03:50am

Opinion

PARTLY FACETIOUS: Providing free care to the needy

"Can you define a rebel?"

Updated 29 Dec, 2020 03:50am

Pakistan

Bilawal greets newly elected office-bearers of KPC, LPC

ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Monday felicitated newly elected office...

Updated 29 Dec, 2020 03:50am

Pakistan

Neither will PTI government resign nor assemblies be dissolved: Alvi

ISLAMABAD: President Dr Arif Alvi has said that neither Pakistan Tehreek-e-Insaf (PTI) government will resign nor ...

Updated 29 Dec, 2020 03:50am

Pakistan

TEVTA, Dice Foundation to develop Pakistan's first electric vehicle

LAHORE: Technical Education and Vocational Training Authority (TEVTA) and Dice Foundation announced to develop...

Updated 29 Dec, 2020 03:50am

Industry

FPCCI invited to plan industrial expansion in Sindh

KARACHI: Senator Taj Haider has said that the FPCCI should propose a comprehensive plan of industrial expansion in...

Updated 29 Dec, 2020 03:50am

Industry

Sindh industries: SAI for gas provision immediately

KARACHI: Riaz Uddin, Senior Vice President of SITE Association of Industry (SAI) has urged the federal government ...

Updated 29 Dec, 2020 03:50am

Money & Banking

Collection of govt receipts, taxes: Bank branches timings on 31st

KARACHI: The State Bank of Pakistan (SBP) has announced opening of concerned bank branches to facilitate the...

Updated 29 Dec, 2020 03:50am

Pakistan

Fire erupts on a vessel at East Wharf

KARACHI: A minor fire incident occurred on the equipment installed on a vessel at East Wharf of Karachi Port Trust ...

Updated 29 Dec, 2020 03:50am

Pakistan

Kashmiri leadership in Indian jails: Pakistan concerned over deteriorating health condition

ISLAMABAD: Pakistan on Monday expressed deep concerns over deteriorating health condition of incarcerated Kashmiri...

Updated 29 Dec, 2020 03:50am

Pakistan

Senate's vacant seat: ECP rejects Balochistan PA Speaker's plea to postpone election

ISLAMABAD: The Election Commission of Pakistan (ECP) on Monday rejected a request from Speaker Balochistan Assembly...

Updated 29 Dec, 2020 03:50am

Technology

Ufone reiterates commitment to ensure safety, security of customers

ISLAMABAD: Pakistani telecom operator, Ufone reiterates its commitment to ensure the safety, security and happiness...

Updated 29 Dec, 2020 03:50am

Grains

Asia's coffee markets dull amid holidays

HANOI/BANDAR LAMPUNG: Asia's coffee export markets were dull this week with few deals clinched ahead of the ...

Updated 29 Dec, 2020 03:50am

Cotton & Textile

Trade activity remains low on cotton market

KARACHI: The local cotton market remained stable on Saturday. Market sources told that trading activity was low....

Updated 29 Dec, 2020 03:50am

Cotton & Textile

Cotton Spot Rates

KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 28, 2020)....

Updated 29 Dec, 2020 03:50am

Rates.Ports

Activities of Karachi Port and Port Qasim

KARACHI: The Karachi Port handled 350,309 tonnes of cargo comprising 223,997 tonnes of import cargo and 126,312...

Updated 29 Dec, 2020 03:50am

Commodities

Canadian canola futures higher

WINNIPEG: ICE Canadian canola futures rose on Thursday, resuming their march higher on oilseed supply concerns after...

Updated 29 Dec, 2020 03:50am

Grains

Thai rice prices hit 6-month high

BANGKOK: Rice export prices in Thailand this week hit their highest in more than six months and Vietnamese rates ...

Updated 29 Dec, 2020 03:50am

Commodities

China's imports of Australian copper lowest since 2016

BEIJING: China's imports of copper concentrate from Australia plunged for a second month in November to the lowest...

Updated 29 Dec, 2020 03:50am

Energy

Asia's naphtha and gasoline rise on lower supplies

SINGAPORE: Asia's naphtha and gasoline cracks gained on Thursday amid expectations of lower supplies, while trade ...

Updated 29 Dec, 2020 03:50am

Energy

China's Nov low-sulphur marine fuel exports rise

BEIJING: China's exports of clean marine fuel in November rose from October, customs data showed on Saturday, as the...

Updated 29 Dec, 2020 03:50am

Commodities

CBOT corn futures gain

CHICAGO: Chicago Board of Trade corn futures posted modest gains, notching a tenth consecutive day higher on...

Updated 29 Dec, 2020 03:50am

Commodities

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of metals, energy, COTS/FX and indices was recorded at PKR 4.633...

Updated 29 Dec, 2020 03:50am

Money & Banking

Lira rallies to strongest level since September

ISTANBUL: The Turkish lira firmed as much as 2% against the dollar on Monday to its strongest level since early...

Updated 29 Dec, 2020 03:50am

Money & Banking

Chilean, Colombian pesos outpace Latam FX

BENGALURU: Chilean and Colombian currencies outpaced their Latin American peers on Monday, tracking higher copper ...

Updated 29 Dec, 2020 03:49am

Money & Banking

Swiss franc, pound fall in Europe

AMSTERDAM: The Swiss franc fell to its lowest in nearly seven months against the euro on Monday alongside the pound...

Updated 29 Dec, 2020 03:49am

Money & Banking

Early trade in New York: Euro gains against yen, Swiss franc

NEW YORK: The euro gained against the safe-haven Japanese yen and Swiss franc on Monday as risk sentiment was ...

Updated 29 Dec, 2020 03:49am

Money & Banking

South Africa's rand slides

JOHANNESBURG: The South African rand weakened on Monday after surging coronavirus cases in the country topped the ...

Updated 29 Dec, 2020 03:49am

Stocks

China stocks move higher

SHANGHAI: China stocks closed higher on Monday, helped by strong industrial profit data that underscored a continued...

Updated 29 Dec, 2020 03:49am

Stocks

Hong Kong stocks down

HONG KONG: Hong Kong stocks declined on Monday, dragged down by tech firms, amid regulatory concerns after China's...

Updated 29 Dec, 2020 03:49am

Stocks

Monday's early trade: Wall Street at record levels after Trump signs bill

• Tesla up on report of India entry next year • Stay-at-home stocks drop on vaccine cheer NEW YORK: Wall...

Updated 29 Dec, 2020 03:49am

Stocks

European shares mark best close in 10 months

• London markets shut for Boxing Day • Germany's DAX index ends at record high MILAN/FRANKFURT: European ...

Updated 29 Dec, 2020 03:49am

Stocks

Japan shares near three-decade high

TOKYO: Japanese shares rose in holiday-thinned trade on Monday towards the highest in nearly three decades as...

Updated 29 Dec, 2020 03:49am

Stocks

Egyptian shares gain, Gulf stocks mixed

• SABIC slips as it seeks Clariant chairman's ouster • Halwani Brothers jumps to a record high DUBAI: Egyptian...

Updated 29 Dec, 2020 03:49am

Business & Finance

Asian business confidence gains steam, pandemic still top risk

SINGAPORE: Asian firms turned most optimistic in the fourth quarter this year, a Thomson Reuters/INSEAD survey...

Updated 29 Dec, 2020 03:49am

Technology

Apple targets car production by 2024 and eyes 'next level' battery technology

NEW YORK: Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger...

Updated 29 Dec, 2020 03:49am

Pakistan

Sunflower sowing: Punjab govt to extend subsidy

LAHORE: The Punjab government on Monday announced to extend a subsidy to Rs 5,000 per acre to promote sunflower...

Updated 29 Dec, 2020 03:49am

Pakistan

Cold weather intensifies after fresh rain in Lahore

LAHORE: Cold weather intensified with the latest spell of rain in the city on Monday. The city registered three...

Updated 29 Dec, 2020 03:49am

Sports

Details about 'PCB Awards 2020' unveiled

LAHORE: Pakistan Cricket Board (PCB) on Monday announced details of the PCB Awards 2020, which will be a recognition...

Updated 29 Dec, 2020 03:49am

Kohli, Perry named cricketers of the decade

DUBAI: India captain Virat Kohli was named the ICC's male cricketer of the decade on Monday as Australia all-rounder...

Updated 29 Dec, 2020 03:49am

Pakistan

482 fresh cases,21 deaths reported: Positivity rate of corona cases remains 4.06pc in Punjab

LAHORE: The positivity rate of coronavirus cases remained 4.06% in Punjab, as out of 11,859 tests conducted during...

Updated 29 Dec, 2020 03:49am

Industry

Steel industry rejects 'false' statements against steel sector

ISLAMABAD: The steel sector of Pakistan strongly rejects the "irresponsible" statements made by the Chairman,...

Updated 29 Dec, 2020 03:49am

Pakistan

LCCI membership to start from 1st

LAHORE: The Lahore Chamber of Commerce and Industry on Monday announced to start its membership from January 1st,...

Updated 29 Dec, 2020 03:49am

Pakistan

Senate body passes two private members' bills

ISLAMABAD: Senate Standing Committee on Law and Justice passed two private member bills on Monday including a bill...

Updated 29 Dec, 2020 03:49am

Technology

Bookme.pk partners with Telenor

ISLAMABAD: Bookme.pk, a widely-used platform for booking tickets online, has partnered with Telenor, Pakistan....

Updated 29 Dec, 2020 03:49am

Pakistan

Fixing minimum support price of wheat: NA body suggests to govt to review decision

ISLAMABAD: A parliamentary body on Monday recommended to the government to review its decision with respect to ...

Updated 29 Dec, 2020 03:49am

Pakistan

Buzdar says country is moving towards development

LAHORE: Chief Minister Punjab Sardar Usman Buzdar said on Monday that the country is moving towards development and...

Updated 29 Dec, 2020 03:49am

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
Petrol/Litre / Jun 25	299.50
Crude Oil USD/Barrel / Jun 25	69.47
Gold Spot USD/Ounce / Jun 25	3,981.05
Diesel/Litre / Jun 25	311.47
Cotton US¢/pound / Jun 25	76.52

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