Trump probe: New York prosecutors subpoenaed Deutsche Bank: NYT WASHINGTON: The Manhattan district attorney's office, which has been seeking President Donald Trump's tax records,... Updated 07 Aug, 2020 04:49am
Women cricketers: PCB announces financial support package LAHORE: Pakistan Cricket Board (PCB) announced on Thursday a three-month financial support package for the ... Updated 07 Aug, 2020 04:53am
Jazz Pakistan partners with Omnicomm to launch BizFuelmatic KARACHI: Jazz Pakistan has partnered with Omnicomm, a global telemetry and fleet management solutions provider, to... Published 07 Aug, 2020 02:45am
Minister hails projects of startups during visit to NIC ISLAMABAD: The inclusion of numerous innovation hubs, incubation centres and venture capital funds are helping the... Published 07 Aug, 2020 02:45am
Middle East Egypt and Greece ink exclusive zone deal CAIRO: Egypt and Greece signed an agreement Thursday to set up an exclusive economic zone in the eastern... Updated 07 Aug, 2020 04:51am
Currency US unveils alternative to Facebook's Libra WASHINGTON: Noting security concerns posed by Facebook's digital currency Libra, the Federal Reserve on Thursday... Published 07 Aug, 2020 02:45am
China China sentences Canadian to death over drug charge BEIJING: A Chinese court sentenced a Canadian national to death on Thursday in a ruling that could further inflame... Published 07 Aug, 2020 02:45am
USA US Iran pointman resigns: Pompeo WASHINGTON: Brian Hook, the US pointman on Iran behind President Donald Trump's hardline push, has resigned,... Published 07 Aug, 2020 02:45am
Middle East Iran says US, Israel are nuclear 'threat' to region TEHRAN: Iran's foreign minister said Thursday that the US and its ally Israel constitute a nuclear threat to the... Updated 07 Aug, 2020 04:49am
US Senate votes to ban TikTok on government phones WASHINGTON: The US Senate voted Thursday to bar TikTok from being downloaded onto US government employees'... Published 07 Aug, 2020 02:45am
TikTok to set up first European data centre in Ireland DUBLIN: Popular video-sharing app TikTok, threatened with a ban in the United States over its Chinese ownership, on... Published 07 Aug, 2020 02:45am
'Vaccine nationalism' cannot beat virus: WHO GENEVA: The World Health Organization Thursday warned against "vaccine nationalism," saying vaccine-hogging richer... Updated 07 Aug, 2020 04:49am
Middle East Macron calls for international probe into Beirut blast BEIRUT: French President Emmanuel Macron on Thursday called for an international investigation into the blast at... Updated 07 Aug, 2020 04:50am
Country made hostage by mafia: PML-N ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) on Thursday said if the prime minister along with the Punjab chief... Published 07 Aug, 2020 02:45am
Govt allows domestic flight operations at major airports ISLAMABAD: The government on Thursday announced to resume domestic flight operations to and from all airports, ... Published 07 Aug, 2020 02:45am
ML-I project to provide employment to over 150,000 people, claims Rashid ISLAMABAD: Federal Minister for Railways Sheikh Rashid on Thursday said Main Line-I (ML-I) project would provide... Published 07 Aug, 2020 02:45am
Pakistan asks OIC to take leading role in raising Kashmir issue ISLAMABAD: Pakistan on Thursday called upon the Organization of Islamic Cooperation (OIC) to take a leading role in... Published 07 Aug, 2020 02:45am
The Weather KARACHI: The weather report on Thursday (August 6, 2020) and the forecast for Friday (August 7, 2020).... Published 07 Aug, 2020 02:45am
PM welcomes UNSC session on IOK ISLAMABAD: Prime Minister Imran Khan said on Thursday that Pakistan welcomed the United Security Council (UNSC) for... Updated 07 Aug, 2020 04:32am
Letters 'China's growth' LETTER: This is apropos a Business Recorder op-ed "China's growth" carried by the newspaper yesterday. The writer, ... Published 07 Aug, 2020 02:45am
Lost Seoul: S Korean middle-class dreams spoiled by soaring house prices ARTICLE: Even with unemployment spiking as the coronavirus pandemic swept South Korea in February, Baek Seung-min... Published 07 Aug, 2020 02:45am
Investment outlook ARTICLE: In these times of great uncertainty about economic outlook of countries in the wake of the pandemic, at... Published 07 Aug, 2020 02:45am
FBR's quest for reforms, modernisation ARTICLE: "We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify ... Published 07 Aug, 2020 02:45am
Sugar commission's report: SHC seeks details of cabinet meeting KARACHI: Sindh High Court (SHC) on Thursday sought the details of federal cabinet meeting pertaining to report of... Updated 07 Aug, 2020 04:32am
CM details ministers, advisers to perform relief activities KARACHI: Sindh Chief Minister Syed Murad Ali Shah, in pursuant of a weather advisory issued by Pakistan... Updated 07 Aug, 2020 04:32am
Return of Chinese engineers, managers will give a boost to CPEC's power project in Thar KARACHI: Work on Shanghai Electric's Thar Coal Block-1 Project, a priority implementation project of the... Updated 07 Aug, 2020 04:46am
Govt aiming to reduce ACD, RD on certain raw materials: Razak KARACHI: Advisor to Prime Minister on Commerce, Abdul Razak Dawood, has said that the government is aiming to reduce... Updated 07 Aug, 2020 04:33am
Privatisation of Roosevelt Hotel: PIAIL given permission for in-camera briefing ISLAMABAD: A parliamentary panel on Thursday has granted permission to the management of the Pakistan International... Updated 07 Aug, 2020 04:40am
Exchange Taking stock - I ARTICLE: As the PTI Government completes its two years in office there are some stunning successes in the fight... Published 07 Aug, 2020 02:45am
UHS to test Australian vaccine on Covid-19 patients LAHORE: The University of Health Sciences (UHS) will test an Australian vaccine-COVAX-19, on active coronavirus... Updated 07 Aug, 2020 04:34am
LHC issues contempt notices to secretaries of Punjab LAHORE: The Lahore High Court (LHC) Chief Justice Muhammad Qasim Khan on Thursday issued contempt notices to chief... Updated 07 Aug, 2020 04:33am
Muharram-ul-Haram: Punjab may call Rangers for government's assistance: minister LAHORE: Provincial Minister for Law and Parliamentary Affairs Raja Basharat has said that the Punjab government is... Updated 07 Aug, 2020 04:41am
NAB summons Buzdar for allegedly issuing 'liquor licences' LAHORE: The National Accountability Bureau (NAB) has summoned Punjab Chief Minister Usman Buzdar for allegedly... Updated 07 Aug, 2020 04:33am
Minister orders sealing of flour mills LAHORE: Punjab Food Minister Abdul Aleem Khan on Wednesday ordered immediate sealing of flour mills involved in... Published 07 Aug, 2020 02:45am
Ferozsons partners with HospitALL for virtual counselling platform LAHORE: As part of its efforts to combat Covid-19, Ferozsons Laboratories Limited, Pakistan's leading pharmaceutical... Published 07 Aug, 2020 02:45am
LDA approves two projects worth Rs 240 million LAHORE: After the completion of a rainwater harvesting project at Lawrence Road, the governing body of the Lahore... Published 07 Aug, 2020 02:45am
Ramzan Sugar Mills case: Shehbaz, Hamza indicted LAHORE: An accountability court on Thursday indicted President Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif... Published 07 Aug, 2020 02:45am
NFEH for reopening of tourist resorts all over country KARACHI: The National Forum for Environment and Health (NFEH) has appealed to the federal and provincial governments... Published 07 Aug, 2020 02:45am
Cabinet's approval of new political map hailed KARACHI: A former chairman of an FPCCI standing committee and Secretary-General (Federal) of the BMP Chaudhary Ahmad... Published 07 Aug, 2020 02:45am
Athar Hashmi laid to rest KARACHI: Veteran journalist and editor-in-chief of Daily Jasarat, Athar Ali Hashmi has passed away peacefully here ... Published 07 Aug, 2020 02:45am
Sindh government slams Centre over cut in financial share KARACHI: The spokesperson of Sindh government Barrister Murtaza Wahab reacted to the federal government's cut in... Published 07 Aug, 2020 02:45am
Coronavirus cases significantly decline in capital ISLAMABAD: The number of confirmed coronavirus cases has significantly declined in the capital city as only 19 ... Published 07 Aug, 2020 02:45am
Stocks Dubai leads major Gulf bourses up DUBAI: Major Middle Eastern markets ended higher on Thursday, with Dubai outperforming the region, as many investors... Published 07 Aug, 2020 02:45am
Stocks London stocks drag Europe lower MILAN: European equities declined on Thursday as London stocks were sapped after Glencore scrapped its dividend and... Published 07 Aug, 2020 02:45am
Stocks Shanghai share index remains higher SHANGHAI: China's benchmark Shanghai Composite Index ended higher for a fifth straight session on Thursday, as a... Published 07 Aug, 2020 02:45am
Stocks Thursday's early afternoon trade: S&P flat as Congress wrangles over stimulus NEW YORK: The S&P 500 treaded water on Thursday as investors awaited a new fiscal aid package to prop up the... Published 07 Aug, 2020 02:45am
Stocks Disney earnings surprise boosts Wall Street NEW YORK: US stocks climbed on Wednesday on the heels of a surprise quarterly profit from Disney and as investors... Published 07 Aug, 2020 02:45am
Stocks Australian shares up, NZ flat SYDNEY: Australian shares ended higher on Thursday, following a firmer finish on Wall Street, as mining and energy... Published 07 Aug, 2020 02:45am
Stocks Japan stocks fall TOKYO: Japanese shares fell on Thursday as investors stayed away from risky bets amid a largely downbeat earnings... Published 07 Aug, 2020 02:45am
Stocks Glencore tumble weighs on FTSE LONDON: London-listed shares broke a three-day winning run on Thursday as commodities giant Glencore tumbled after... Published 07 Aug, 2020 02:45am
PSMA threatens nationwide protest if educational institutes not reopened on August 15 ISLAMABAD: The Private Schools and Madrassas Alliance (PSMA) has threatened a nationwide protest, if private... Published 07 Aug, 2020 02:45am
Exchange Human Resource Development: Japan extends grant for scholarship ISLAMABAD: The government of Japan has extended grant assistance worth Japanese Yen 318 million (around three ... Published 07 Aug, 2020 02:45am
Contempt petition filed in IHC against CDA, others ISLAMABAD: A contempt petition was filed in the Islamabad High Court (IHC) against the Capital Development Authority... Published 07 Aug, 2020 02:45am
Varsities ink four MoUs: 'Sindh Incubation Liaison Conference' concludes ISLAMABAD: A virtual conference titled "Sindh Incubation Liaison Conference (SILC) 2020" concluded on Thursday to... Published 07 Aug, 2020 02:45am
Currency Whereabouts of Matiullah Jan's kidnappers: SC dismisses Islamabad Police report ISLAMABAD: The Supreme Court on Thursday, while dismissing the Islamabad police report to trace out the whereabouts... Published 07 Aug, 2020 02:45am
LNG scam: NAB files reference against Khaqan Abbasi, others ISLAMABAD: The National Accountability Bureau (NAB) on Thursday filed a supplementary reference before the... Published 07 Aug, 2020 02:45am
Partly Facetious: Modi still has to do a lot worse ARTICLE: "So The Khan reckons Kashmir will fall into his lap and if that happens he will go down in history..."... Published 07 Aug, 2020 02:45am
Rates.Ports Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 6, 2020).... Published 07 Aug, 2020 02:45am
Currency THE RUPEE: Loss extends except open market KARACHI: On Thursday, Pakistan Rupee lost value against USD in interbank market while slightly gaining value in open... Published 07 Aug, 2020 02:45am
Rates Revised Rates of Debt Securities KARACHI: The following were the revised rates of debt securities on Thursday (August 6, 2020).... Published 07 Aug, 2020 02:45am
Rates Cross Transactions between Client to Client & Financial Institutions KARACHI: The following were the cross transactions between client to client & financial institutions here on... Published 07 Aug, 2020 02:45am
Rates Member to Member KARACHI: The following transactions member to member subsequently reported on Thursday (August 6, 2020).... Published 07 Aug, 2020 02:45am
Stocks NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL) KARACHI: National Clearing Company declares daily settlement information for local & foreign investors on... Published 07 Aug, 2020 02:45am
Stocks Electronic/credit of dividend warrants/bonus/right share certificates KARACHI: Electronic/credit of dividend warrants/bonus/right share certificates.... Published 07 Aug, 2020 02:45am
Exchange BOARD MEETINGS KARACHI: Board Meetings of Companies listed on the Pakistan Stock Exchange.... Published 07 Aug, 2020 02:45am
Exchange Dividend/Bonus Announcements KARACHI: Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.... Published 07 Aug, 2020 02:45am
Exchange Proposed right issues KARACHI: Right issues proposed by companies listed on Pakistan Stock Exchange.... Published 07 Aug, 2020 02:45am
Stocks Dates of Closure of Books & Annual General Meetings KARACHI: Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed ... Published 07 Aug, 2020 02:45am
Currency Bill buying rates per unit of currency KARACHI: Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank ... Published 07 Aug, 2020 02:45am
Currency State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 07 Aug, 2020 02:45am
Parliament condemns India's steps to turn Muslims into minority in IIOJ&K ISLAMABAD: The Parliament of Pakistan on Thursday reiterated its "complete rejection of India's illegal and... Updated 07 Aug, 2020 03:18am
Exchange Accountholders info: FBR prescribes statements for banks ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed statements for banks for providing information of... Updated 07 Aug, 2020 03:19am
Exchange KSE-100 Index exceeds 40,000 level: BRIndex100 extends gains KARACHI: Pakistan Stock Exchange witnessed bullish trend on Thursday due to aggressive buying by both local and... Published 07 Aug, 2020 02:45am
Exchange Procedure for trading of quoted shares thru NRVA announced KARACHI: The State Bank of Pakistan (SBP) has announced procedure for trading of quoted shares through NRP Rupee... Updated 07 Aug, 2020 03:20am
SBP allows MFBs for lending against gold KARACHI: The State Bank of Pakistan (SBP) enhancing the maximum loan size has allowed Microfinance Banks (MFBs) for... Updated 07 Aug, 2020 03:19am
Currency Non-Resident Pakistanis: SBP to introduce rupee value account for investment KARACHI: In order to facilitate Non-Resident Pakistani (NRPs) for investment in Pakistan, the State Bank of Pakistan... Updated 07 Aug, 2020 03:19am
Currency SBP introduces new category of foreign currency account KARACHI: The State Bank of Pakistan (SBP) has introduced a new category of foreign currency account titled Foreign... Updated 07 Aug, 2020 03:20am
Rain-battered Karachi roads cause hardship to motorists, residents KARACHI: A widespread downpour coupled with thunderstorm and gusty winds struck Karachi Thursday wreaking havoc with... Updated 07 Aug, 2020 03:21am
Customs obtaining export documents discourage under-invoicing ISLAMABAD: Pakistan Customs is actively obtaining export documents from some of the major trading partners of the... Updated 07 Aug, 2020 03:21am
Real time access to data: FBR to impose penalties on defaults by Nadra and FIA ISLAMABAD: The Federal Board of Revenue (FBR) will impose Rs 25,000 penalty on first default and Rs 50,000 for each... Published 07 Aug, 2020 02:45am
Kashmir meeting: Qureshi urges OIC to stop dragging its feet KARACHI: Foreign Minister Shah Mehmood Qureshi in an unusually sharp warning asked Saudi Arabia-led Organisation of... Published 07 Aug, 2020 02:45am
Import of Euro-V diesel, petrol: Non-production of deadline summary draws Umar's ire ISLAMABAD: Minister for Planning, Development and Special Initiatives, Asad Umar, has reportedly expressed his ire ... Published 07 Aug, 2020 02:45am
Facebook, Twitter, YouTube pull Trump posts over coronavirus misinformation NEW YORK: Facebook Inc on Wednesday took down a post by US President Donald Trump, which the company said violated... Published 07 Aug, 2020 02:45am
UBL profits grow by 19pc to Rs11.4bn in 1H'20 KARACHI: United Bank Limited (UBL) recorded a year on year growth of 19 percent in profits after tax (PAT) for the... Published 07 Aug, 2020 02:45am
German diplomat killed in Beirut blast BERLIN: A German diplomat was killed in the huge explosion in Beirut, the first confirmed German fatality, as the... Published 07 Aug, 2020 02:45am
MFBs asked to accommodate requests for rescheduling of loans KARACHI: The State Bank of Pakistan (SBP) has asked Microfinance Banks (MFBs) to accommodate the requests of... Published 07 Aug, 2020 02:45am
Commodities Gold peaks further KARACHI: Gold on Thursday peaked to another record high of Rs129500 per tola, up by Rs800 on the local market,... Published 07 Aug, 2020 02:45am
Energy Oil steadies near 5-month highs NEW YORK: Oil prices hovered near five-month highs on Thursday as support from a weak dollar and Iraq's planned... Published 07 Aug, 2020 02:45am
Commodities Gold accelerates higher in NY NEW YORK: Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as... Published 07 Aug, 2020 02:45am
Commodities Sugar, flour prices: Punjab CM unhappy over artificial hike LAHORE: Expressing strong indignation over artificial increase in the rates of sugar and flour, the Chief Minister... Published 07 Aug, 2020 02:45am
Energy PSO first OMC to make Euro 5 fuel available KARACHI: Pakistan State Oil Company (PSO) is the first oil marketing company to make available world class Euro 5... Published 07 Aug, 2020 02:45am
Commodities Iron ore pushes higher on China's demand MANILA: Iron ore futures edged higher in see-saw trade on Wednesday, with both Singapore and Dalian benchmarks... Published 07 Aug, 2020 02:45am
Commodities PMEX daily trading report KARACHI: On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,991. The traded ... Published 07 Aug, 2020 02:45am
Grains European wheat edges down to one month low PARIS: European wheat edged down on Wednesday to a new one month low as traders assessed mixed indications for... Published 07 Aug, 2020 02:45am
Energy Asia's gasoline margin returns to positive zone SINGAPORE: Asia's gasoline margin returned to positive territory on Wednesday after flipping into a discount to ... Published 07 Aug, 2020 02:45am
Energy US natural gas holds near seven months high NEW YORK: US natural gas futures settled slightly lower after hitting their highest since December on Wednesday as... Published 07 Aug, 2020 02:45am
Rates.Ports Activities of Karachi Port and Port Qasim KARACHI: The Karachi Port handled 80,602 tonnes of cargo comprising 65,113 tonnes of import cargo and 15,489 tonnes... Published 07 Aug, 2020 02:45am
Cotton & Textile Cotton Spot Rates KARACHI: Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 6, 2020).... Published 07 Aug, 2020 02:45am
Cotton & Textile Cotton spot rate up by Rs 50 to Rs 8250 LAHORE: The Spot Rate Committee of Karachi Cotton Association on Thursday increased the spot rate by Rs 50 per maund... Published 07 Aug, 2020 02:45am
Grains CBOT corn futures firmer CHICAGO: Chicago Board of Trade corn futures firmed on Wednesday on a small bargain-buying bounce after dropping to... Published 07 Aug, 2020 02:45am