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European Union

Iran dismisses idea of talks with EU and US to revive 2015 nuclear deal

Iran and the new US administration of President Joe Biden have been at odds over who should take the first step to revive the accord.

Published 01 Mar, 2021 12:05pm

World

EU recalls envoy to Cuba over US sanctions comments

BRUSSELS: The European Union has recalled its ambassador in Havana after he signed an open letter calling on US...

Published 28 Feb, 2021 04:55am

World

EU mulls vaccination passports to resurrect tourism after COVID-19

Officials said the EU was working with the International Air Transport Association, which is keen to revive air travel, and with the Organisation for Economic Cooperation and Development and the World Health Organization.

Published 25 Feb, 2021 01:23pm

World

Britain agrees to EU request for more time to ratify Brexit trade deal

In a letter to Maros Sefcovic, vice president of the European Commission, Gove wrote: "I can confirm that the United Kingdom is content to agree that the date on which provisional application shall cease to apply ... should be extended to 30 April 2021."

Published 23 Feb, 2021 08:41pm

World

US imposes sanctions on two more Myanmar junta leaders

The United States said it was blocking any US property and suspending the entry into the country of two members of the newly ruling State Administrative Council -- General Maung Maung Kyaw, who commands the air force, and Lieutenant General Moe Myint Tun.

Published 23 Feb, 2021 10:12am

World

UK universities report 40% drop in EU applicants post-Brexit

Statistics released by the British government's Universities and Colleges Admissions Services (UCAS) have revealed that the number of EU citizens applying to study in the United Kingdom has dropped by 40% since Brexit.

Updated 18 Feb, 2021 09:32pm

World

EU to impose sanctions on Russians over Navalny by March summit, diplomats say

EU eager to send tough response after envoys expelled.
Unclear if oligarchs will be targeted by sanctions.

Published 18 Feb, 2021 08:06pm

Business & Finance

EU to be tougher in trade talks, include climate change goals in deals

The Commission will also propose on Thursday that the 2015 Paris climate change agreement be an essential part of future trade deals and seek commitments from G20 partners on climate neutrality targets, the Financial Times reported him as saying.

Published 18 Feb, 2021 01:13pm

Business & Finance

More 'Brexit' companies shift to the Netherlands as uncertainty persists

The agency said 78 "Brexit" companies moved to the Netherlands last year, the same number as in 2019 lifting the total since the 2016 Brexit referendum to 218.

Published 18 Feb, 2021 11:47am

Markets

Euronext wheat extends gains on US cold blast

PARIS: Euronext wheat extended a rally on Tuesday to a new two-week peak, supported again by the risk of frost ...

Published 18 Feb, 2021 04:08am

Markets

EU wheat crops not seen suffering big hit from cold spell

PARIS: Severe cold across Europe in the past week is unlikely to have inflicted significant damage on wheat crops...

Published 17 Feb, 2021 04:24am

Pakistan

EU ambassador meets CM Buzdar

The EU was a major trade partner and the government wanted to further strengthen bilateral relations to benefit the people, he added.

Published 16 Feb, 2021 09:31pm

World

EU to launch study programme for COVID-19 variants: von der Leyen

"As of now, and in parallel to the efforts being made on the current vaccines, we have to help industrial companies develop production capacities for second generation vaccines," von der Leyen was quoted as saying.

Published 16 Feb, 2021 01:48pm

China overtakes US as EU’s biggest trading partner

BRUSSELS: China last year overtook the United States as the EU's biggest trading partner, the EU statistics agency...

Updated 16 Feb, 2021 09:31am

World

French Finance Minister: talks ongoing with EU over possible further aid for Air France

Le Maire also told reporters at a briefing that he wanted any future remedies for Air France to be of a sustainable nature for the airline.
Earlier this month, Air France and its pilot unions had protested against EU demands that the airline give up takeoff and landing slots at its Paris base in return for government aid.

Published 15 Feb, 2021 06:37pm

World

Fight against smugglers rages on EU border with Belarus

More than 200 trucks a day cross into European Union member Latvia at the Paternieki border point, some of them stuffed with smuggled cigarettes hidden among other cargo.

Updated 14 Feb, 2021 05:13pm

World

Europe’s airport traffic plummets to 1995 levels

BRUSSEL: Europe’s airport traffic last year tumbled to 1995 levels, data from a regional industry group showed on...

Updated 14 Feb, 2021 09:57am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Published 14 Feb, 2021 03:49am

Business & Finance

Sterling rises above $1.38

LONDON: The pound rose above $1.38 and was set to end the week up against the dollar and euro, as currency traders...

Published 13 Feb, 2021 04:11am

Markets

FranceAgriMer ups wheat export forecast

PARIS: Farm office FranceAgriMer on Wednesday increased its forecast of French soft wheat exports outside the...

Updated 12 Feb, 2021 11:47pm

Markets

EU wheat steadies after one-week low

PARIS: Euronext wheat edged higher on Thursday, recovering from a one-week low as Chicago grain futures steadied...

Updated 12 Feb, 2021 11:47pm

Business & Finance

Sterling consolidates above $1.38

LONDON: Sterling held above the $1.38 mark hit earlier this week on Thursday in relatively quiet currency markets...

Updated 12 Feb, 2021 09:30am

World

France, Germany seek Russia sanctions over Navalny, diplomats say

Sanctions would hit Russian elites, not Nord Stream II.
Paris, Berlin say must respond to Navalny's jailing(.)

Published 11 Feb, 2021 08:43pm

Business & Finance

EU close to vaccine supply deal with Novavax

"Talks with Novavax have intensified and we aim to agree the contract this week or next," one EU official said.
Novavax said negotiations were ongoing. A spokesman for the EU Commission declined to comment on the talks.

Published 11 Feb, 2021 08:29pm

World

EU considers power import restrictions over Belarus nuclear safety fears

Belarus's Astravets nuclear power plant is located 50km away from Vilnius in Lithuania, where the government.
The 2.4GW facility was built by Russia's state-owned Rosatom and financed mostly by Moscow.

Published 11 Feb, 2021 07:58pm

World

Britain to take much bigger GDP hit from Brexit than the EU

Britain left the EU at the end of January last year, but kept its full access to the 27-nation bloc's single market until the end of 2020, when it was replaced by a trade agreement.
For the EU on average, the exit of the UK from the European Union on Free Trade Agreement terms is estimated to generate an output loss of around 0.5% of GDP by the end of 2022, and some 2.25% point for the UK.

Updated 11 Feb, 2021 09:27pm

Pakistan

FM hopes new US administration will stop ignoring ground realities in IIOJK

Qureshi says Pakistan expects Organisation of Islamic Cooperation (OIC) and the European Union (EU) to play their roles on the issue
Pakistan could have cooperated within the region on tackling the Covid-19 pandemic but there are difficulties on regional trade and development because of the Kashmir issue: FM

Published 11 Feb, 2021 02:32pm

Business & Finance

Sterling breaks above $1.38

LONDON: Sterling edged up against the dollar on Wednesday, breaking above $1.38 and touching its highest level in...

Updated 11 Feb, 2021 09:32am

Markets

Steel demand in EU plus UK seen rebounding by 13.3pc in 2021

2020 is likely to be one of the worst years on record, even if we will see positive figures in the fourth quarter.
Apparent consumption is forecast to fall 13% in 2020 before bouncing back this year by 13.3% to 152 million tonnes.

Updated 11 Feb, 2021 12:30am

World

EU Covid deaths top 500,000, worst-hit states improving

Overall in Europe's 52 countries and territories, 34,902,124 cases have been recorded as of Wednesday.

Published 10 Feb, 2021 08:01pm

Gainers
Losers
Leaders

Stock	Price
Trust Mod. / Dec 6 Trust Modaraba(TRSM)	2.16 ▲ 0.60 (38.46%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	4 ▲ 1.00 (33.33%)
Treet Corp. (R) / Dec 6 Treet Corporation Limited (R)(TREETR2)	4.14 ▲ 0.76 (22.49%)
LSE Propetech / Dec 6 LSE Propetech Limited(LSEPL)	4.55 ▲ 0.79 (21.01%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	6.51 ▲ 1.00 (18.15%)
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	6.69 ▲ 1.00 (17.57%)
HBL Invest Fund / Dec 6 HBL Investment Fund(HIFA)	3.80 ▲ 0.49 (14.80%)
LSE Ventures / Dec 6 LSE Ventures Limited(LSEVL)	5.57 ▲ 0.71 (14.61%)
F. Nat.Equities / Dec 6 First National Equities Limited(FNEL)	6.70 ▲ 0.80 (13.56%)
Redco Textile / Dec 6 Redco Textiles Limited(REDCO)	6.90 ▲ 0.80 (13.11%)

Stock	Price
Dar-es-Salaam / Dec 6 Dar-es-Salaam Textile Mills Limited(DSML)	7.51 ▼ -0.74 (-8.97%)
Ist.Dawood Bank / Dec 6 First Dawood Investment Bank Limited(FDIBL)	2.30 ▼ -0.19 (-7.63%)
Kohat Textile / Dec 6 Kohat Textile Mills Limited(KOHTM)	19.81 ▼ -1.61 (-7.52%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	208.72 ▼ -16.92 (-7.50%)
Shadman Cotton / Dec 6 Shadman Cotton Mills Limited(SHCM)	14.42 ▼ -1.17 (-7.50%)
Land Mark Spinning / Dec 6 Landmark Spinning Industries Limited(LMSM)	16.47 ▼ -1.33 (-7.47%)
SME Leasing Ltd / Dec 6 SME Leasing Limited(SLL)	1.90 ▼ -0.15 (-7.32%)
786 Invest Ltd / Dec 6 786 Investments Limited(786)	5.47 ▼ -0.40 (-6.81%)
Suraj Cotton / Dec 6 Suraj Cotton Mills Limited(SURC)	136.50 ▼ -9.50 (-6.51%)
J.K.Spinning / Dec 6 J.K. Spinning Mills Limited(JKSM)	44 ▼ -3.00 (-6.38%)

Stock	Volume
K-Electric Ltd. / Dec 6 K-Electric Limited(KEL)	143,393,681 ▲ 0.16
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	82,309,654 ▲ 0.05
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	56,884,642 ▲ 0.02
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	54,169,500 ▲ 1.00
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	53,701,236 ▲ 0.84
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	37,662,460 ▲ 0.06
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	36,098,500 ▲ 0.03
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	35,317,902 ▲ 0.99
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	31,154,943 ▼ -0.61
The Searle Co. / Dec 6 The Searle Company Limited(SEARL)	28,673,613 ▲ 3.11

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 6	284.43
USD PKR Interbank Buying / Dec 6	284.13
USD to Japanese Yen / Dec 6	147.26
USD to Swiss Franc / Dec 6	0.87
Pound Sterling to USD / Dec 6	1.26
Euro to USD / Dec 6	1.08
UK LIBOR % / Dec 5	5.46

Stock	Volume
S&P 500 / Dec 5	4567.18
Nasdaq / Dec 5	14229.91
Dow Jones / Dec 5	36124.56
India Sensex / Dec 6	69555.66
Tokyo Nikkei / Dec 6	33445.90
Hang Seng / Dec 6	16427.53
FTSE 100 / Dec 6	7516.04
Germany DAX 30 / Dec 6	16541.49
France CAC40 / Dec 6	7392.44

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 5	17235
Gold 10 Grams PKR / Dec 5	189043
Crude Oil USD/Barrel / Dec 6	72.27
Gold Spot USD/Ounce / Dec 6	2021.37
Cotton US¢/pound / Dec 6	80.12

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