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European Union

Britain, EU set Sunday deadline to clinch Brexit trade deal

The EU and Britain had cast Thursday's meeting as a chance to break an impasse in negotiations but both acknowledged there was a danger that a trade deal would elude them.

Published 10 Dec, 2020 11:19am

World

EU leaders to unblock EU budget, recovery fund, set new climate goals

This could push the application of the new rules past the 2022 elections in Hungary, which some EU officials said Hungarian Prime Minister Viktor Orban was keen on.

Published 10 Dec, 2020 11:16am

Markets

Australian dollar near 2-1/2-year top; NZ$ stumbles

Domestic data was less supportive too with electronic card retail sales rising a mere 0.1% in November, suggesting policy will have to remain accommodative to fuel consumer spending.

Published 10 Dec, 2020 09:40am

World

French European Affairs minister says a Brexit deal still possible

British Prime Minister Boris Johnson warned the European Union on Wednesday it must scrap demands that he said were unacceptable if there was to be a Brexit trade deal and avoid a turbulent break-up in three weeks.

Published 09 Dec, 2020 09:02pm

World

Little chance of a trade deal when Johnson, von der Leyen meet

"The probability of a no-deal is increasing," the official said.

Published 09 Dec, 2020 08:58pm

World

UK PM Johnson warns EU over Brexit trade talks: back down or it's no-deal

British Prime Minister Boris Johnson warned the European Union on Wednesday it must scrap demands which he says are unacceptable if there is to be a Brexit trade deal.
With fears growing of a chaotic no-deal finale to the five-year Brexit crisis, Johnson was heading to Brussels later on Wednesday for talks with European Commission President Ursula von der Leyen.

Updated 10 Dec, 2020 01:15am

World

Merkel: We're seeking way to lift Poland and Hungary's EU veto

Warsaw and Budapest, both under EU scrutiny for undermining judicial and media independence, are blocking the budget and the EU's recovery fund.

Updated 09 Dec, 2020 06:38pm

World

Merkel: We could still reach an agreement on Brexit

She told the Bundestag lower house of parliament that the two sides still needed to resolve the issue of a level playing field.

Published 09 Dec, 2020 05:49pm

World

Ireland's Varadkar says he believes UK-EU trade deal is possible

He said he thought Irish Prime Minister Micheal Martin's assessment that the chances of a deal were 50-50 was "absolutely correct".

Published 09 Dec, 2020 05:41pm

World

Britain wants to find a way to get a post-Brexit deal: Ireland's Coveney

"Tomorrow is pivotal," Coveney told Irish national broadcaster RTE, referring to a meeting on Wednesday between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen.

Published 09 Dec, 2020 11:54am

Markets

Pound teeters, dollar dithers as traders look to Brussels

"Broad positioning is short sterling, but not at extremes by any means. This limits the prospect we get an exaggerated short-covering rally to say $1.3800 or $1.4000."

Published 09 Dec, 2020 10:25am

World

Turkey calls on EU to act with common sense, says wants to improve ties

Turkey urged the European Union on Tuesday to use “common sense” to end a dispute over natural gas that has fanned territorial rows in the eastern Mediterranean and drawn a threat of sanctions from the bloc’s leaders.

Updated 08 Dec, 2020 09:28pm

World

Britain and EU announce deal to manage post-Brexit trade with Northern Ireland

On Tuesday, British Prime Minister Boris Johnson announced the scrapping of all "law breaking" clauses from the Brexit legislation, in an effort to revive relations between London and Brussels.
The United Kingdom and the European Union stated that they had agreed a deal on the implementation of the Northern Ireland protocol.

Updated 08 Dec, 2020 07:44pm

World

EU Commission says Brexit talks could continue into 2021

f that deal is not in place on January 1, then we have a no-deal situation. That does not exclude that negotiations can continue, from our side.

Published 08 Dec, 2020 06:35pm

World

EU pushing for deal with Switzerland over Christmas skiing: minister

"Concerning Switzerland, talks are ongoing. It's the sole point where coordination is not quite there yet. But we're talking to Swiss authorities to avoid any type of unfair competition".

Published 08 Dec, 2020 05:36pm

World

UK's Johnson ready to pull out of Brexit talks, The Sun says

“Today he will tell the EU he is not for turning as he vows to stand firm against 11th-hour Brexit demands from France,” says British publication.

Published 07 Dec, 2020 06:43pm

World

EU weighs up sanctions against Turkey in east Med gas dispute

Tensions flared in August when Turkey - a NATO ally and candidate for EU membership - sent a survey vessel to map out energy drilling prospects in waters also claimed by Greece.

Published 07 Dec, 2020 04:54pm

World

EU climate deal unlikely without breakthrough on budget, envoy says

"It will not be possible ... (it is) difficult to see that it's going to happen if there is no agreement on MFF," the senior diplomat said. If leaders resolve the budget spat, then there is a".

Published 07 Dec, 2020 04:48pm

Business & Finance

Commonwealth Bank of Australia makes Brexit move to Amsterdam

Since Britain voted to leave the EU in 2016, a range of businesses in finance, information technology, media, and health have moved their head office from London to Amsterdam.

Published 07 Dec, 2020 12:32pm

World

Brexit deal closer after 'major breakthrough' on talks on fishing rights: Guardian

The breakthrough made on Sunday night leaves a Franco-German demand that Britain follow EU laws as the final hurdle to a historic trade and security deal.

Published 07 Dec, 2020 08:32am

World

EU's Barnier says still looking for a way to do UK trade deal

"We keep calm, as always, and if there is still a way, we will see," he told broadcasters in London as he entered the train station to head back to Brussels after talks were paused.

Published 05 Dec, 2020 03:58pm

World

UK hangs tough on sovereignty as Brexit trade talks near climax

European Union officials stated that a post-Brexit trade deal could finally be clinched this weekend.
London insisted that negotiations were still “very difficult” and it was determined to “take back control” from the bloc it left 10 months ago.

Published 04 Dec, 2020 08:14pm

Markets

Sterling reverses losses after EU official sees ‘imminent’ Brexit deal

The British currency is see-sawing, sometimes wildly, on comments from UK and EU officials on the likelihood of a deal as the final Brexit deadline looms.

Published 04 Dec, 2020 06:04pm

World

EU-UK trade deal hangs in balance four weeks to go

Britain and EU seeking a post-Brexit trade deal from 2021.
EU official says "significant divergences" remain at talks.
Barnier to update EU on the latest on Friday.

Published 04 Dec, 2020 01:50am

World

EU envoys hope for a Brexit trade deal in days, UK sees progress

A British minister said he believed "good progress" was being made at talks but cautioned that London would not sign up to a deal that was not in its interest.

Published 03 Dec, 2020 03:42pm

World

EU tells Brexit negotiator: don't let deadline force bad trade deal

Britain and EU are seeking a trade deal by end of 2020.
Negotiations remain snagged on three issues.
Both sides say time for a deal is running out.

Published 03 Dec, 2020 12:29am

World

EU warns of risks of COVID-19 vaccine race after UK approval of Pfizer shot

Britain is the first Western country to approve a COVID-19 vaccine, a move that many see as a political coup for Prime Minister Boris Johnson's government.

Published 02 Dec, 2020 03:23pm

World

EU's Barnier says on Brexit: there are reasons for determination

As he entered trade talks in London, Barnier was asked if there was reason for optimism: "There are reasons for determination," he said.

Published 30 Nov, 2020 04:28pm

World

Time is running out for Brexit trade deal, UK minister says

With just over four weeks left until the United Kingdom finally exits the EU’s orbit on Dec. 31, both sides are demanding concessions from the other on fishing, state aid and how to resolve any future disputes.

Published 30 Nov, 2020 01:48pm

World

EU chief says no-deal still possible despite progress in UK trade talks

An EU official involved in the negotiations said a deal was possible, but not likely before the weekend at the earliest.

Published 25 Nov, 2020 08:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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