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U.S. government

US to lift ban on offensive weapons sales to Saudi Arabia, sources say

WASHINGTON: The Biden administration has decided to lift a ban on U.S. sales of offensive weapons to Saudi Arabia,...

Published 09 Aug, 2024 11:35pm

World

Mexican Congress holds hearing on UFOs featuring purported ‘alien’ bodies

MEXICO CITY: Mexican lawmakers heard testimony that “we are not alone” in the universe and saw the alleged remains...

Published 14 Sep, 2023 09:44am

Markets

Change in tone in U.S. debt talks could prompt rating action before default: Moody's

NEW YORK: Rating agency Moody's expects the U.S. government will continue to pay its debts on time, but public...

Published 24 May, 2023 11:44pm

World

Fed's Powell: don't assume Fed can protect U.S. economy from debt limit default

WASHINGTON: The U.S. Federal Reserve is unlikely to be able to shield the U.S. economy from the fallout of a failure...

Published 04 May, 2023 12:59am

Technology

Biden blacklists China's YMTC, crackdowns on AI chip sector

WASHINGTON: The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 "major" Chinese players...

Published 15 Dec, 2022 10:40pm

World

Mexico urges US to boost investment in Central America to curb migration

MEXICO CITY: Mexican President Andres Manuel Lopez Obrador on Wednesday urged the United States to boost investment...

Published 04 May, 2022 10:32pm

Opinion

An oil shock is coming, but the US may have already paid for it

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited...

Published 11 Mar, 2022 05:12am

Markets

Oil prices fall on fears of aggressive Fed rate hike

Oil prices fell on Thursday despite forecasts for a steeper rise in energy demand, with crude turning negative on...

Published 11 Feb, 2022 12:39am

World

US FAA reviews FedEx proposal to install A321 laser-based missile-defence system

WASHINGTON: The Federal Aviation Administration (FAA) said on Friday it is proposing conditions that would allow...

Published 16 Jan, 2022 04:17am

World

US court dismisses case against ex-Saudi intelligence officer

WASHINGTON: A US judge has dismissed a lawsuit against a former top Saudi intelligence official by a Saudi...

Published 01 Jan, 2022 04:07am

World

US Summit for Democracy must address threats to press freedom

NEW YORK: On the eve of the U.S. government’s inaugural Summit for Democracy, the Committee to Protect Journalists...

Published 09 Dec, 2021 04:29am

World

US revokes terrorist designation for Colombia’s FARC

WASHINGTON: The United States revoked its designation of the Colombian group the Revolutionary Armed Forces of...

Published 01 Dec, 2021 03:52am

WB works to redirect frozen funds to Afghanistan

WASHINGTON: The World Bank is finalizing a proposal to deliver up to $500 million from a frozen Afghanistan aid fund...

Updated 01 Dec, 2021 09:39am

Business & Finance

Visa complains to US govt about India backing for local rival RuPay

NEW DELHI: Visa Inc has complained to the U.S. government that India’s “informal and formal” promotion of...

Published 29 Nov, 2021 06:22am

World

Pfizer signs $5.3bn US deal to supply Covid-19 antiviral pills

NEW YORK: Pfizer Inc said on Thursday it had signed a $5.29 billion deal with the US government to deliver 10 ...

Published 19 Nov, 2021 04:35am

Markets

Wall Street ends sharply higher as Big Tech roars back

Wall Street ended sharply higher on Tuesday, as Microsoft and Apple spearheaded a strong rebound in growth stocks ...

Updated 06 Oct, 2021 01:16am

Markets

Wall Street tumbles as rising Treasury yields sink Big Tech

Wall Street tumbled on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury...

Published 05 Oct, 2021 12:03am

OPEC expects Delta variant to delay oil demand growth

Markets

Oil rises on US fuel demand, extends rally

U.S. crude inventories fell by 3 million barrels in the last week to 432.6 million barrels, the EIA said, about 1pc higher than during the same time in 2019, before the pandemic.

Published 25 Aug, 2021 11:08pm

Markets

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Brent crude oil futures were up 92 cents, or 1.2pc, at $75.66 a barrel by 12:05 ET (1605 GMT), having traded as high as $75.74. U.S. West Texas Intermediate (WTI) crude oil futures were up 90 cents, or 1.3pc, at $73.29 a barrel.

Published 29 Jul, 2021 10:40pm

World

U.S. still weighing travel curbs does not see eventual vaccine rule: White House

White House spokeswoman Jen Psaki said U.S. officials were still in touch with counterparts in Canada, Europe and elsewhere to determine when and how to lift travel restrictions safely.

Published 30 Jun, 2021 11:53pm

Markets

U.S. yields fall on month-end impact; investors shrug off inflation rise

Barclays estimates that its duration index extends out 0.13 years, versus the long run average of 0.09 years, according to Rupert, which means asset managers need to buy Treasuries to hit that index.

Published 28 May, 2021 10:12pm

Markets

Pfizer expects $15 billion in 2021 sales from its COVID-19 vaccine

Pfizer said it expects there could be a long-lasting need for COVID-19 vaccines, to combat new virus variants that emerge and to "boost" peoples' waning immune responses.

Published 02 Feb, 2021 11:28pm

Markets

Oil rises 2pc as U.S. inventories fall and demand picks up

U.S. oil and gas drillers are gearing up for a pick-up in demand. As higher prices make new wells profitable again, they added rigs for a sixth month in a row in January.

Published 01 Feb, 2021 11:54pm

World

U.S. executes first woman on federal death row in nearly seven decades

Montgomery was the first female prisoner to be executed in by the U.S. government since 1953
Montgomery was convicted in 2007 in Missouri of kidnapping and strangling Bobbie Jo Stinnett, then eight months pregnant

Published 13 Jan, 2021 05:14pm

Markets

Prices extend gains before USDA report, Russia export talk boosts wheat

CBOT soybeans were up 1.0pc at $11.69-3/4 a bushel and corn added 0.7pc to $4.26-3/4 a bushel.

Published 10 Dec, 2020 07:16pm

World

First U.S. delivery of COVID-19 vaccine will leave out many high-risk workers

Across the country, state health departments are preparing local hospitals for the first shipments of Pfizer Inc's COVID-19 vaccine if the U.S. Food and Drug Administration authorizes it, possibly as early as mid-December.

Published 04 Dec, 2020 05:20pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Cotton US¢/pound / Jan 21	68.02
Petrol/Litre / Jan 22	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.21 ▼ -5.02 (-9.99%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.62 ▼ -1.62 (-8.88%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9 ▼ -0.81 (-8.26%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	526 ▼ -43.96 (-7.71%)
Gulistan Sp. / Jan 21 Gulistan Spinning Mills Limited(GUSM)	13 ▼ -1.03 (-7.34%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	111,866,059 ▲ 0.44
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	69,297,556 ▲ 0.05
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	64,182,488 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.94
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	51,882,881 ▲ 0.34
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.39
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	23,353,008 ▼ -1.60
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	21,890,802 ▼ -1.62

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