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coronavirus pandemic

WHO scraps plan for interim report on Wuhan virus mission: WSJ

US State Department spokesman Ned Price called on China Thursday to share what it knows from the earliest days of the pandemic.

Published 05 Mar, 2021 09:57am

Business & Finance

Lufthansa weighs faster plane retirements after record loss

Lufthansa reports 6.7 bln euro loss for 2020.
Trims 2021 capacity plans as pandemic drags on.
Summer upturn still in sight – CEO.

Updated 04 Mar, 2021 09:51pm

Pakistan

CAA likely to lift in-flight ban on meal service

The CAA air transport director says that the efforts remained successful to contain the spread of the coronavirus pandemic
The aviation authority recommends that permission on meal and beverages onboard may be offered on domestic flights within Pakistan

Published 04 Mar, 2021 11:52am

Markets

OPEC+ set to boost oil output as demand, prices rebound

The world's second-largest crude producer after the United States, Russia "leans for caution", Schieldrop explained, while number three, Saudi Arabia, "defends the increase in supply".

Published 04 Mar, 2021 11:23am

Business & Finance

Ryanair hopes for 60-70pc of normal traffic this summer

"We would be hopeful that we could fly maybe 60, 70% of our normal traffic volumes during the peak summer months ... June, July, August and September," he said. "That's about as optimistic as its going to get."
"We don't need a taskforce, we just need action," O'Leary said. "The real challenge is timing here ... we need to give them the clarity to book their summer holidays."

Published 03 Mar, 2021 06:39pm

World

COVID-19 vaccination mandatory for Hajj, says Saudi Health Ministry

Health Minister Tawfiq al-Rabiah says compulsory vaccination would be required for all the pilgrims
In 2020, the kingdom dramatically reduced the number of pilgrims to around 1,000 to help prevent the spread of the coronavirus

Published 03 Mar, 2021 03:03pm

Business & Finance

US shale output won't return to pre-pandemic levels: Occidental CEO

The recovery is looking really good to us. If you look at what's happening in India as well as the US, I think the oil industry is looking like things will be pretty good for us over next couple of years.
"The severe drop in activity in the US along with the high decline rates of shale and the pressure from investment community to maintain discipline instead of growth means in my view that shale will not get back to where it was in the US."

Published 02 Mar, 2021 09:14pm

Business & Finance

Thai Airways plans slimmer fleet and workforce in turnaround plan

Plans to reduce fleet size from 103 to 86 aircrafts by 2025.
Plans to have five aircraft types, down from 12.
Aims to reduce workforce to 13,000 to 15,000 employees.

Published 02 Mar, 2021 07:12pm

Markets

Turkish economy grew 2.3% in 2020 despite pandemic

"Indicators still show growing demand for manufacturing despite COVID-19 restrictions," BofA added.

Published 01 Mar, 2021 12:28pm

Business & Finance

Virus-hit airline giant IAG dives to 6.9bn euro loss

LONDON: British Airways owner IAG said Friday it suffered a 2020 net loss of 6.9 billion euros ($8.4 billion) as the...

Updated 01 Mar, 2021 09:41am

Business & Finance

Taiwan drive to plug global chip shortage

TAIPEI: Taiwan’s drive to plug a global shortage of microchips has hit a snag - a lack of water for its foundries...

Updated 01 Mar, 2021 09:41am

World

Tunisians protest amid political standoff

Saied called the protest "a waste of money".

Updated 28 Feb, 2021 04:57pm

Pakistan

COVID outbreak: Pakistan reports 23 deaths, 1,176 new infections in 24 hours

With more fatalities, the total death tally due to the deadly disease has reached 12,860
At least 38,920 tests have been conducted across the country while 545,277 people have recovered from the deadly disease

Published 28 Feb, 2021 09:39am

World

South Africa seeks to lift infrastructure investment with change to pension fund rules

Africa's most industrialised nation - the hardest-hit by the coronavirus pandemic on the continent - has put public works in sectors such as transport, energy and water at the heart of its economic recovery plans.
They also say overall investment in infrastructure across all asset categories may not exceed 45% of domestic exposure and an additional 10% for the rest of Africa.

Updated 27 Feb, 2021 09:09pm

World

India's economy exits from recession, recovery seen gathering pace

Economy grows 0.4% in Dec qtr vs 7.3% contraction in Sept qtr.
Manufacturing up 1.6% in Dec qtr vs 0.6% in Sept qtr.
Govt says inoculation drive to further boost economy.

Published 26 Feb, 2021 08:45pm

World

Chile says November to January jobless rate 10.2pc

Unemployment in Chile, the world's top copper producer, hit a decade-long high of 13.1% in July, during the peak of the pandemic. The jobless rate during the October to December period was 10.3%.

Published 26 Feb, 2021 07:03pm

Markets

Asian markets roiled by global bond whiplash

However, analysts at ANZ were more bullish on the outlook.

Published 26 Feb, 2021 11:49am

Business & Finance

Swiss industry calls for extension to short-time work scheme

The maximum period for short-time work compensation needs to be raised to 24 months," said Martin Hirzel, president of Swissmem.
Swissmem said annual orders for its members fell by 6.5% in 2020 compared with a year earlier, while sales fell 9.8%. The number of people working in the sector fell by 2% to 319,300.

Published 24 Feb, 2021 06:51pm

Business & Finance

Puma forecasts strong rebound from end of second quarter

Fourth-quarter sales rose by a currency-adjusted 9.1% to 1.52 billion euros.

Updated 24 Feb, 2021 12:10pm

World

US orders deeper testing after engine scare on Boeing plane

The MAX began returning to commercial service in late 2020, with airline travel still depressed due to the coronavirus pandemic.

Updated 24 Feb, 2021 05:53pm

Markets

Dollar falls as risk appetite increases, kiwi ruffled by RBNZ

The dollar index against a basket of six major currencies fell to 90.025.

Published 24 Feb, 2021 10:15am

World

India says virus variants not behind spurt in cases

At least 5 variants detected in country.
Total infections at more than 11 mln, over 156,000 deaths.

Published 23 Feb, 2021 07:12pm

Markets

HSBC reports profits fell 30% to $6.1bn in 2020

Reported profit after tax came in at $6.1 billion which the bank blamed primarily on higher-than-expected credit losses and other bad debts sparked by the currrent economic crises.

Published 23 Feb, 2021 09:36am

Markets

Oil rises as US output slowly returns after winter storms

"With three-quarters of fracking crews standing down, the likelihood of a fast resumption is low," ANZ Research said in a note.

Published 22 Feb, 2021 11:35am

World

Indonesia issues ‘priority’ investment list under new regulation

The government is also easing rules for investment in alcoholic beverages, land transportation, ship vessel traffic information systems and flight navigation, among other sectors.

Published 22 Feb, 2021 10:10am

World

Pfizer vaccine prevents 98.9% of COVID deaths, says Israel’s Health Ministry

Pfizer's BioNTech vaccine resulted in decline in the rate of COVID-19 infections by 95.8 percent among people who received both shots of the vaccine
The findings are based on data collected from Israelis who had received their second inoculation at least two weeks previously

Published 21 Feb, 2021 03:52pm

World

Biden's attorney general pick vows to prosecute Capitol attackers

Garland, 68, worked in the Justice Department before becoming a judge nearly 24 years ago.

Published 21 Feb, 2021 11:00am

Pakistan

COVID outbreak: Pakistan reports 38 deaths, 1,329 new infections in 24 hours

With more fatalities, the total death tally due to the deadly disease has reached 12,601
NCOC states that the total number of infections in the country now currently stands at 571,174

Published 21 Feb, 2021 10:49am

Business & Finance

Allianz upbeat despite rare drop in annual profit

BERLIN: German insurance giant Allianz on Friday reported a drop in annual net profit for the first time since 2011,...

Updated 21 Feb, 2021 05:10pm

Business & Finance

Hope for virus-hit UK economy despite sales slump

LONDON: Retail sales in Britain tumbled and government borrowing soared in January after the country re-entered...

Updated 20 Feb, 2021 06:27pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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