Home / 2020 (page 1989)

Yearly Archives: 2020

Trump touts trade deal victories to farmers in Austin days after his impeachment trial’s start


January 20, 2020

AUSTIN — President Donald Trump took a victory lap for recent wins on international trade deals in front of a group of farmers at the annual American Farm Bureau Federation convention in Austin on Sunday. The thousands of farmers who attended Trump’s keynote address were enthusiastic about the president’s policies but appeared less so about his attacks on political opponents, …

Read More »

Dallas Women’s March focuses on power to bring political, social change


January 20, 2020

Thousands of people marched Sunday through downtown Dallas, celebrating a century of women’s political power to bring change and calling for more — more political power and more change. The city’s Women’s March, one of many this weekend across the nation, honored the 100th anniversary of the 19th Amendment as it rallied people to prepare for Election Day. With primaries …

Read More »

Transport fuels startup funding scene


January 20, 2020

There was much to cherish for Pakistan’s tech entrepreneurs in 2019, be it their own growth trajectory or the progressive measures taken by the regulator. Investment-wise too, there was a fair bit of hype, starting with the highest-ever Series A round by Bykea, only to be broken by Cheetay, which again lost the mantel to Airlift. But beyond these star …

Read More »

PSX gears up for the year’s first IPO


January 20, 2020

In less than five months, the benchmark index of the Pakistan Stock Exchange (PSX) has recorded mind-blowing gains of 49 per cent. The index, which dropped to 28,764 points in August 2019, is now hovering around 43,200 points. A small number of active blue-chip companies are now touching their fair values, which has heightened the investors’ appetite for new listings. …

Read More »

Automakers expect a bumpy ride ahead


January 20, 2020

Following a drop of up to 72 per cent in automobile sales in the first half of 2019-20, stakeholders in the auto sector say dark clouds will likely continue hovering over the sector in January-June. Issues like high prices on account of the federal excise duty ranging from 2.5pc to 7.5pc on engines of different horsepower, additional customs duty on …

Read More »

Oil import bill falls by 20pc in first half of current fiscal year


January 20, 2020

ISLAMABAD: Pakistan’s oil import bill and local production of petroleum products declined by almost 20 per cent and 12pc, respectively, during first half of the current fiscal year, a clear sign of economic slowdown. According to data released by the Federal Bureau of Statistics (PBS), the oil import bill during the first six months (July-December 2019) fell by 19.87pc in …

Read More »

Capitalism seen doing ‘more harm than good’ in global survey


January 20, 2020

A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week’s Davos meeting of business and political leaders. This year was the first time the Edelman Trust Barometer, which for two decades has polled tens of thousands of people on their trust in core institutions, sought …

Read More »

ECC approves duty-free import of 0.3m tonnes of wheat to mitigate ongoing crisis


January 20, 2020

The Economic Coordination Committee (ECC) on Monday approved the import of 0.3 million tonnes of wheat without regulatory duty amid an unprecedented price hike and country-wide shortage during the past few days. Chaired by Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh, the committee has allowed for wheat to be imported till March 31, with the first …

Read More »

Wasim stars as Pakistan blow away Scots


January 20, 2020

POTCHEFSTROOM: Fast bowlers Mohammad Wasim and Tahir Hussain blew away Scotland as Pakistan got off to the perfect start in the ICC Under-19 Cricket World Cup 2020 with a seven-wicket win at the North West University Oval in Potchefstroom on Sunday. Scotland, who won the toss and opted to bat first, lost both openers in the opening over of the …

Read More »