Thursday, July 9, 2020

Asia

Rupee remains stable in the open market

Pak rupee remained unchanged to close at Rs139.10 on Saturday compared with the last closing of Rs139.10 in cash free market, as demand and supply situation remained balanced.   A sense of uncertainty prevails in the market resulting in minor fluctuations...

Woman toppled Russian President over judo

A judo bronze medalist overthrew Russian President Vladimir Putin after lifting him and pushed to the ground, prompting him to rise. During a judo training session in the southwestern Russian city of Sochi on Thursday, with the participation of the...

Pakistan’s garment exports slightly rise by 0.5 percent despite GSP+ status: Zahid

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain said that textile sector plays vital role in Country’s economy;...

47 Malaysians released from Cambodian prison

All 47 Malaysians detained at Banteay Meanchey Provincial Prison have been released this afternoon after several negotiations with the Cambodian and Malaysian governments. International NGO head Dr Mustapha Ahmad Marican, who confirmed the matter, said the decision to grant...

Pakistan’s Railway minister announces Rs 210 million for Karachi, Hyderabad and Rohri stations

Pakistan's Railway minister  Shaikh Rasheed Ahmed announced Rs. 70 million for Karachi Rs. 60 million for Hyderabad and Rs 80 million for Rohri Railway stations.  Federal Minister was addressing the Press briefing on 15 Friday at Railways Camp office, Karachi,...

Koreans addiction for smartphone reaches 19 percent, study reveals

A large proportion of Koreans are called "addicts" for smartphones and websites, according to a study by the Korean Ministry of Science, Technology and Communications. According to the world.kbs, the study, which works to identify over-reliance on smart phones in...

SECP defers applicability of IFRS 9

The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 “Financial Instruments” for all companies required to prepare their financial statements in accordance with the requirements of IFRS. Through SRO...

Rupee remains stable against USD

Pak rupee remained unchanged to close at Rs139.00 on Friday compared with the last closing of Rs139.00 in inter-bank market, as demand and supply situation remained balanced. A sense of uncertainty prevails in the market resulting in minor fluctuations in...

UBL earning expects 46 percent drop during CY18

UBL will be announcing its CY18 financial result on February 20th, 2019. The bank to post earnings of Rs 14 billion (Earning per share of Rs 11.47) in CY18, down by 46% YoY. On a sequential basis we expect...

Pakistan’s equity market drops 20 points despite Saudi investment pacts ahead

The benchmark KSE-100 index of Pakistan Stock Exchange (PSE) shed 20 points 0r (-0.05%) closed at 40, 486 on Thursday despite positive news flow from macro perspective such as visit of Saudi Crown Prince over the weekend and signing...

Latest News

Brazil President Bolsonaro tested positive for coronavirus

Brazilian newspaper "Atardi" confirmed that Brazilian President Jair Bolsonaro underwent a fourth test for Coronavirus after he showed some...

PIA flight from Toronto to Islamabad will operate on 5 July 2020

PIA flight from Toronto to Islamabad will operate on 5 July 2020. Another PIA flight will operate from Toronto to Lahore on 10 July...

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing job offers from the foreign...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...