News Archives for Print - 2019-10-27

General News

Peshawar Mor, not D-Chowk venue of protest: Government, Opposition bodies enter into agreement

The negotiating team of Pakistan Tehreek-e-Insaf (PTI) government and Rehbar Committee of opposition parties on Saturday finally agreed that Jamiat Ulema-e-Islam Fazl (JUI-F) will hold its sit-in at Peshawar More out of Red Zone of Islamabad.

Published 27 Oct, 2019 12:00am

Peshawar Mor, not D-Chowk venue of protest: Government, Opposition bodies enter into agreement

The negotiating team of Pakistan Tehreek-e-Insaf (PTI) government and Rehbar Committee of opposition parties on Saturday finally agreed that Jamiat Ulema-e-Islam Fazl (JUI-F) will hold its sit-in at Peshawar More out of Red Zone of Islamabad.

Published 27 Oct, 2019 12:00am

General News

JUI-F to kick-start protest today

Jamiat Ullema-e-Islam-F is all set to kick start its anti-government protest march from Karachi to Islamabad on Sunday noon, party officials said on Saturday.

Published 27 Oct, 2019 12:00am

JUI-F to kick-start protest today

Jamiat Ullema-e-Islam-F is all set to kick start its anti-government protest march from Karachi to Islamabad on Sunday noon, party officials said on Saturday.

Published 27 Oct, 2019 12:00am

General News

IHC grants bail to Nawaz till Tuesday

The Islamabad High Court (IHC) on Saturday granted interim bail to former Prime Minister Nawaz Sharif in the Al-Azizia Mills case on medical grounds until Tuesday. A division bench comprising Chief Justice Athar Minallah and Justice Mohsin Akhtar Kiyani h

Published 27 Oct, 2019 12:00am

IHC grants bail to Nawaz till Tuesday

The Islamabad High Court (IHC) on Saturday granted interim bail to former Prime Minister Nawaz Sharif in the Al-Azizia Mills case on medical grounds until Tuesday. A division bench comprising Chief Justice Athar Minallah and Justice Mohsin Akhtar Kiyani h

Published 27 Oct, 2019 12:00am

Money & Banking

UK 'pauses' production of Brexit coin as delay looms

Britain has "paused" production of a commemorative coin to mark its exit from the European Union, which looks set to be delayed next week for the third time. It is not known how many of the 50-pence coins had already been minted, nor their fate. "We have

Updated 28 Oct, 2019 08:16am

UK 'pauses' production of Brexit coin as delay looms

Britain has "paused" production of a commemorative coin to mark its exit from the European Union, which looks set to be delayed next week for the third time. It is not known how many of the 50-pence coins had already been minted, nor their fate. "We have

Published 27 Oct, 2019 12:00am

General News

Nawaz suffers minor heart attack

Pakistan's former prime minister Nawaz Sharif suffered a minor heart attack while being treated in hospital on bail from prison. "The former prime minister had a minor heart attack last night as he continues to suffer from an autoimmune blood disorder," P

Published 27 Oct, 2019 12:00am

Nawaz suffers minor heart attack

Pakistan's former prime minister Nawaz Sharif suffered a minor heart attack while being treated in hospital on bail from prison. "The former prime minister had a minor heart attack last night as he continues to suffer from an autoimmune blood disorder," P

Published 27 Oct, 2019 12:00am

IT & Computers

Pentagon awards $10 billion cloud contract to Microsoft

The Pentagon said Friday it is awarding a $10 billion cloud computing contract to Microsoft, following a highly scrutinized bidding process which Amazon had been favored to win. The 10-year contract for the Joint Enterprise Defense Infrastructure program,

Updated 28 Oct, 2019 09:47am

Pentagon awards $10 billion cloud contract to Microsoft

The Pentagon said Friday it is awarding a $10 billion cloud computing contract to Microsoft, following a highly scrutinized bidding process which Amazon had been favored to win. The 10-year contract for the Joint Enterprise Defense Infrastructure program,

Published 27 Oct, 2019 12:00am

General News

Xi conveyed Pakistan's concerns to Modi: Chinese official

Chinese President Xi Jinping conveyed Pakistan's concerns to Indian Prime Minister Narendra Modi over the forceful annexation of Indian occupied Kashmir (IoK) during the recent Sino-Indian summit at Mamallapuram, Tamil Nadu, said a Chinese foreign ministr

Published 27 Oct, 2019 12:00am

Xi conveyed Pakistan's concerns to Modi: Chinese official

Chinese President Xi Jinping conveyed Pakistan's concerns to Indian Prime Minister Narendra Modi over the forceful annexation of Indian occupied Kashmir (IoK) during the recent Sino-Indian summit at Mamallapuram, Tamil Nadu, said a Chinese foreign ministr

Published 27 Oct, 2019 12:00am

General News

Solidarity with Kashmiris: 'Black day' against Indian occupation of IoK today

To express solidarity with the people of Indian Occupied Jammu and Kashmir (IOJ&K), a 'Black Day' will be observed today (Sunday) across the country and abroad by Pakistanis as well as Kashmiris to mark the illegal occupation of the territory by India on

Published 27 Oct, 2019 12:00am

Solidarity with Kashmiris: 'Black day' against Indian occupation of IoK today

To express solidarity with the people of Indian Occupied Jammu and Kashmir (IOJ&K), a 'Black Day' will be observed today (Sunday) across the country and abroad by Pakistanis as well as Kashmiris to mark the illegal occupation of the territory by India on

Published 27 Oct, 2019 12:00am

Business & Economy

PM asks team to help create new job opportunities: Construction sector, small businesses in focus

Prime Minister Imran Khan on Saturday directed his economic team that construction sector and small business promotion and facilitation should be its primary focus for economic activity and employment creation in the country.

Published 27 Oct, 2019 12:00am

PM asks team to help create new job opportunities: Construction sector, small businesses in focus

Prime Minister Imran Khan on Saturday directed his economic team that construction sector and small business promotion and facilitation should be its primary focus for economic activity and employment creation in the country.

Published 27 Oct, 2019 12:00am

Business & Economy

Business community must not be harassed: FBR chief

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said here on Saturday that the strict enforcement action will be taken against unauthorised interaction between FBR staff and business community from November 1, 2019.

Published 27 Oct, 2019 12:00am

Business community must not be harassed: FBR chief

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said here on Saturday that the strict enforcement action will be taken against unauthorised interaction between FBR staff and business community from November 1, 2019.

Published 27 Oct, 2019 12:00am

Energy

Planned sell-off of two RLNG plants: PC to take up matter with ECC

The Privatisation Commission will take up the sell-off of two newly-established RLNG power plants - Haveli Bahadur Shah and Balloki power projects of 1,320MW each - under National Power Parks Management Company Ltd (NPPMCL) with the Economic Coordination

Updated 28 Oct, 2019 08:16am

Planned sell-off of two RLNG plants: PC to take up matter with ECC

The Privatisation Commission will take up the sell-off of two newly-established RLNG power plants - Haveli Bahadur Shah and Balloki power projects of 1,320MW each - under National Power Parks Management Company Ltd (NPPMCL) with the Economic Coordination

Published 27 Oct, 2019 12:00am

General News

Iraqi forces clamp down on protests after bloodshed

Iraqi security forces sought to clamp down on protests in Baghdad and across the south on Saturday, a day after dozens died in a bloody resumption of anti-government rallies. A parliamentary session scheduled for Saturday afternoon to discuss the renewed

Published 27 Oct, 2019 12:00am

Iraqi forces clamp down on protests after bloodshed

Iraqi security forces sought to clamp down on protests in Baghdad and across the south on Saturday, a day after dozens died in a bloody resumption of anti-government rallies. A parliamentary session scheduled for Saturday afternoon to discuss the renewed

Published 27 Oct, 2019 12:00am

General News

Driver charged as more Vietnamese feared among 39 UK truck victims

British police investigating the deaths of 39 people in a refrigerated truck charged the driver on Saturday with manslaughter and people trafficking, as families in Vietnam expressed fear their loved ones were among the dead. Maurice Robinson was arrested

Published 27 Oct, 2019 12:00am

Driver charged as more Vietnamese feared among 39 UK truck victims

British police investigating the deaths of 39 people in a refrigerated truck charged the driver on Saturday with manslaughter and people trafficking, as families in Vietnam expressed fear their loved ones were among the dead. Maurice Robinson was arrested

Published 27 Oct, 2019 12:00am

Business & Economy

Cash-strapped auto industry seeks output tax exemption

The country's struggling auto industry has sought exemption from payment of output tax as the companies are facing major liquidity constraints due to piling up of sales tax refunds. This submission was made by Indus Motor Company Limited (IMC) Chief Execu

Published 27 Oct, 2019 12:00am

Cash-strapped auto industry seeks output tax exemption

The country's struggling auto industry has sought exemption from payment of output tax as the companies are facing major liquidity constraints due to piling up of sales tax refunds. This submission was made by Indus Motor Company Limited (IMC) Chief Execu

Published 27 Oct, 2019 12:00am

Business & Economy

BRT Red Line: Rs 66.38 billion loan to be extended

Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) along with two other foreign institutions would extend Rs 66.378 billion ($417.920 million) loan for construction of BRT Red Line, Karachi.

Published 27 Oct, 2019 12:00am

BRT Red Line: Rs 66.38 billion loan to be extended

Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) along with two other foreign institutions would extend Rs 66.378 billion ($417.920 million) loan for construction of BRT Red Line, Karachi.

Published 27 Oct, 2019 12:00am

Business & Economy

Government decides to suspend axle load condition for one year

The government on Saturday accepted one of the demands put forth by traders and decided to suspend axle load condition on Motorway (M-9) from Karachi to down country for a period of one year. A statement issued by the Prime Minister Office stated that on

Published 27 Oct, 2019 12:00am

Government decides to suspend axle load condition for one year

The government on Saturday accepted one of the demands put forth by traders and decided to suspend axle load condition on Motorway (M-9) from Karachi to down country for a period of one year. A statement issued by the Prime Minister Office stated that on

Published 27 Oct, 2019 12:00am

General News

Zardari's platelet count drops, says PIMS

Pakistan People's Party Co-chairman Asif Ali Zardari's platelets dropped to 90,000 but were under control, said Pakistan Institute of Medical Sciences (PIMS) hospital. According to PIMS spokesperson, the former president's platelet count was low and added

Published 27 Oct, 2019 12:00am

Zardari's platelet count drops, says PIMS

Pakistan People's Party Co-chairman Asif Ali Zardari's platelets dropped to 90,000 but were under control, said Pakistan Institute of Medical Sciences (PIMS) hospital. According to PIMS spokesperson, the former president's platelet count was low and added

Published 27 Oct, 2019 12:00am

General News

Millions face power cuts as California fires spread

Californian officials warned on Saturday that "historic and extreme" wind conditions were set to fan raging wildfires in the north of the state as millions of residents face power cuts. Governor Gavin Newsom declared a state of emergency as the so-called

Published 27 Oct, 2019 12:00am

Millions face power cuts as California fires spread

Californian officials warned on Saturday that "historic and extreme" wind conditions were set to fan raging wildfires in the north of the state as millions of residents face power cuts. Governor Gavin Newsom declared a state of emergency as the so-called

Published 27 Oct, 2019 12:00am

Telecommunication

PTA to amend bill to curb unwanted, undesired messages/calls

Pakistan Telecommunication Authority (PTA) has decided to amend "The protection from spam, unsolicited, fraudulent and obnoxious communication regulations, 2009" bill to curb unwanted and undesired massages and calls, which cause inconvenience to the user

Updated 28 Oct, 2019 09:47am

PTA to amend bill to curb unwanted, undesired messages/calls

Pakistan Telecommunication Authority (PTA) has decided to amend "The protection from spam, unsolicited, fraudulent and obnoxious communication regulations, 2009" bill to curb unwanted and undesired massages and calls, which cause inconvenience to the user

Published 27 Oct, 2019 12:00am

Improvement in Ease of Doing Business ranking

In what appears to be a very happy news during the tenure of the present government, Pakistan's ranking in doing business has climbed by 28 places to 108th from 136th out of 190 countries. According to the World Bank's Ease of Doing Business Report 2020,

Updated 28 Oct, 2019 06:46am

Emperor Naruhito's enthronement

Emperor Naruhito ascended to the Chrysanthemum throne as 126th emperor of Japan on Tuesday. The ascension ceremony was witnessed by the hundreds of Japanese outside the palace in driving rain and attended inside the Imperial Palace's Pine Room by leaders

Updated 28 Oct, 2019 06:46am

Articles

Mexican town turned to war zone fears new era of narco violence

The bullet holes splashed across the walls are an unnerving reminder to residents of Culiacan: There is no telling when the narco violence that terrorized the Mexican city last week could return. People in Culiacan are used to living alongside drug traffi

Published 27 Oct, 2019 12:00am

Articles

High stakes for army as protests engulf Lebanon

It's one of the iconic images of Lebanon's protests: the tears of a soldier torn between his duty and a loving crowd - the same dilemma now facing the national army. An unprecedented, cross-sectarian protest movement demanding the removal of an entrenched

Published 27 Oct, 2019 12:00am

Articles

Protecting oil: Trump's latest Syria strategy under question

After abruptly pulling US troops who protected Kurdish fighters, President Donald Trump has identified protecting oil as the new goal in Syria. But experts question if the new strategy is realistic, or even legal.

Published 27 Oct, 2019 12:00am

Letters

'Churlish behaviour'

This is apropos a Business Recorder editorial "Churlish behavior" carried by the newspaper yesterday. This is, of course, about time Prime Minister Imran Khan needed to revisit some aspects of his personality and behaviour. His approach to politica

Published 27 Oct, 2019 12:00am

Business & Economy

Rs 257.17 billion released under PSDP

Federal government has released Rs 257.17 billion (36.7 per cent) including Rs 53.62 billion foreign aid (41.8 per cent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted a

Published 27 Oct, 2019 12:00am

Business & Economy

Economic activities accelerated in country: Punjab CM

Punjab chief minister Sardar Usman Buzdar has said the government is committed to take forward the journey of development and public service. During a meeting with parliamentarians belonging to different districts of the province who called on him, here S

Published 27 Oct, 2019 12:00am

General News

Safdar's bail rejected

A city magistrate on Saturday rejected the bail plea of son-in-law of Mian Nawaz Sharif Captain Muhammad Safdar(r) in anti-government speech case. The counsel Safdar pleaded that the police do not have the authority to register the case. Farhad Shah advoc

Published 27 Oct, 2019 12:00am

General News

Black Day: plans to express solidarity with IoK people: Gandapur

Minister for Kashmir Affairs, Ali Amin Gandapur on Saturday said people from across the world will come out to demonstrate Kashmiris' Black Day. Addressing a news conference, he said several programmes, including rallies and seminars, have been planned th

Published 27 Oct, 2019 12:00am

General News

PPP raising voice for release of detained teachers: MPA

Pakistan Peoples' Party Punjab Secretary Information, Member Provincial Assembly Punjab and Parliamentary Leader Syed Hassan Murtaza has said the PPP was the voice of the teachers and was taking steps to release them which were arrested in the federal cap

Published 27 Oct, 2019 12:00am

General News

KP minister rules out PM's resignation, fresh polls

KP Minister for Information, Shaukat Ali Yousafzai has said that neither Prime Minister Imran Khan will tender resignation nor there will be no fresh polls. Talking to media here at his residence on Saturday, the KP Minister also ruled out allowing opposi

Published 27 Oct, 2019 12:00am

General News

PPP to facilitate 'Azadi March': Ghani

Sindh Minister for Information & Archives and Labour Saeed Ghani has said that the leaders and workers of Pakistan People's Party would welcome and participate in the Azadi March. Saeed Ghani said that the PPP had already decided to welcome the Azadi Marc

Published 27 Oct, 2019 12:00am

Business & Economy

Seminar on SME financing held

The State Bank of Pakistan (SBP), NABIF and Lahore Chamber of Commerce & Industry organized a seminar on SME financing. The seminar discussed in detail the financing problems and other implementation issues of SMEs. SBP Regional Head, Javed Bhatti, Muddas

Published 27 Oct, 2019 12:00am

General News

Experts for setting up national trauma registry and emergency call number

Emergency medicine experts from various national and international health institutions have called for establishment of a 'National Emergency Centre' and 'National Emergency Call Number' to coordinate emergency services and response in case of natural or

Published 27 Oct, 2019 12:00am

Taxes

Customs value of mobile phone's LCD screens revised

Directorate General Customs Valuation (DGCV) has revised customs values of mobile phone LCD screens under sub-section 7 of section 25-A of the Customs Act 1969. According to details, the Directorate had earlier issued valuation ruling 908 in 2016 for mobi

Updated 28 Oct, 2019 08:16am

General News

Bilawal claims to expose true face of Imran before public

Chairman Pakistan People's Party (PPP) Bilawal Bhutto-Zardari said opposition has no other way but to protest against this government. He said it was his duty to represent people of Pakistan and stop those who are damaging the country due to their incompe

Published 27 Oct, 2019 12:00am

Business & Economy

Need to establish consumers' courts stressed

Sindh Minister for Industries and Commerce & Cooperative Department, Jam Ikram Ullah Dharejo has said that although Sindh government has established consumer courts almost in all districts across the province, but due to lack of awareness on the issue, th

Published 27 Oct, 2019 12:00am

General News

Naeem-ul-Haq, Amir Kiyani meet Shujaat

Special Assistant to Prime Minister Naeemul Haque and Secretary General PTI Amir Mehmood Kiyani called on Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Ch Shujaat Hussain and Speaker Punjab Assembly Ch Parvez Elahi at their residenc

Published 27 Oct, 2019 12:00am

Taxes

Minister for bringing recreation places into tax net

Sindh Minister for Excise and Taxation & Narcotics Control and Parliamentary Affairs, Mukesh Kumar Chawla has said that all amusement, water parks, mini-playlands (indoor play areas), auditorium and places of casual events and sports stadiums must be brou

Updated 28 Oct, 2019 08:16am

Stocks

'SECP remains committed to pursuing its EODB agenda'

The Securities and Exchange Commission of Pakistan (SECP) Commissioner for Corporatization and Compliance Department, Shaukat Hussain Saturday said that the SECP remains committed to pursuing its agenda for ease of doing business.

Updated 28 Oct, 2019 08:16am

General News

Sindh government accords top priority to Tharis' health

The Deputy Commissioner Tharparkar Dr Shahzad Tahir Thaheem has said that providing the basic health facilities to the far areas of Tharparkar is the top priority of Sindh Government as well as the district administration Tharparkar for this all the issue

Published 27 Oct, 2019 12:00am

General News

Nadra cancels JUI-F leader's CNIC

The National Database and Registration Authority (NADRA) has cancelled computerized national identity card (CNIC) of Jamiat Ulema-e-Islam-Fazl (JUI-F) senior leader and ex-senator Hafiz Hamdullah after it was established that he is a confirmed "alien". Ac

Published 27 Oct, 2019 12:00am

IT & Computers

Dell Technologies offers services to FBR for generating more revenue

"The Dell Technologies offered its services to Federal Board of Revenue (FBR) to generate more revenue through bridging gap between retail and trade through automation and digitization between FBR and National Database & Registration Authority (NADRA)."

Updated 28 Oct, 2019 09:46am

Prices of kitchen items continue to show upward trend

The prices of most of the essential kitchen items have witnessed an increase during this week past compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

Published 27 Oct, 2019 12:00am

General News

Another polio case surfaces in KP

Another polio case has surfaced from Khyber Pakhtunkhwa increasing the number of polio cases during the current year to 57 in the province. The Emergency Operations Centre (EOC), Coordinator Abdul Basit said the fresh case has surfaced from Sarai Naurang

Published 27 Oct, 2019 12:00am

General News

Thefts, snatching cases on the rise in Capital

The incidents of various kind of theft and car lifting cases increased in federal capital during last week as over seven cases of theft including robbery, snatching at gunpoint and dacoity as well as eight cases of motor vehicle theft reported to city's v

Published 27 Oct, 2019 12:00am

General News

Entry & exit points of capital sealed ahead of 'Azadi March'

The Islamabad Police and Islamabad Capital Territory (ICT) administration have geared up preparation to prevent 'Azadi March' participants from entering the city and continued piling up shipping containers around Red Zone and at entry and exits points of

Published 27 Oct, 2019 12:00am

General News

Family to decide about Nawaz's treatment at SH or somewhere else: Marriyum

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb on Saturday said the decision - whether Nawaz Sharif will remain in Services Hospital for the treatment or he will be treated from somewhere else - will be taken by the Sharif family.

Published 27 Oct, 2019 12:00am

Business & Economy

APBF to work with government to further improve ranking in WB's EODB index

All Pakistan Business Forum President Syed Maaz Mahmood has welcomed the Pakistan's highest-ever upward shift in a single year in the World Bank Ease of Doing Business index, stating the APBF is ready to work closely with the government to resolve all ind

Published 27 Oct, 2019 12:00am

General News

Hafiz Naeem named JI Karachi chief

Senator, Siraj-ul-Haq, Ameer Jamaat-e-Islami (JI) Pakistan has nominated Hafiz Naeem-ur-Rehman as Ameer JI Karachi for the next three-year term.

Published 27 Oct, 2019 12:00am

General News

Provision of basic health facilities is top priority of government: Pechuho

The Provincial Minister for Health and Population Welfare Dr Azra Pechuho has said that provision of basic health facilities is the top priority of Sindh Government and for this purpose we are allocating more to health sector.

Published 27 Oct, 2019 12:00am

General News

Nawaz Sharif's bail: interim relief doesn't mean end of sentence, says Firdous

Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan on Saturday said the interim relief provided from Islamabad High Court to PML-N leader Nawaz Sharif does not mean ending of sentence.

Published 27 Oct, 2019 12:00am

Global Business Economy

Dollar rises on progress in US-China trade pact

The dollar strengthened on Friday after US and Chinese trade officials neared finalizing parts of the Phase 1 trade pact, according to the US Trade Representative's office. A statement issued by the USTR following Friday's negotiations said "They made hea

Updated 28 Oct, 2019 08:42am

Global Business Economy

Asian currencies benefit from trade deal hopes

Sentiment towards most Asian currencies picked up in the past two weeks, a Reuters poll showed, amid positive signals that trade tensions between the United States and China waning. Hopes of a resolution gained momentum after US President Donald Trump sai

Updated 28 Oct, 2019 08:42am

Money & Banking

Canadian dollar pads weekly gain

The Canadian dollar edged higher against its US counterpart on Friday, adding to this week's gain as oil prices rose and investors looked for the Bank of Canada to stick to its divergent path from other central banks. Canada's central bank is expected to

Updated 28 Oct, 2019 08:09am

Money & Banking

Trade optimism lifts Latam currencies

Signs of progress in US-China trade talks helped most Latin American currencies firm on Friday, with Mexico's peso set to record its fourth straight week of gains amid optimism over a revamped trade deal with the United States and Canada. The peso rose 0.

Updated 28 Oct, 2019 08:09am

Money & Banking

US net long dollars fall

Speculators cut their net long dollar position in the latest week, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of Interna

Updated 28 Oct, 2019 08:09am

Money & Banking

Most CEE currencies seen firming

Central Europe's main currencies will firm against the euro in the next 12 months, a Reuters poll found, but much depends on calmer conditions in global markets and delivery of expected monetary easing in the euro zone and the United States. The Czech cro

Updated 28 Oct, 2019 08:04am

Stocks

S&P 500 nears record high on trade progress

US stocks rose on Friday after Washington said it was close to finalizing parts of a trade pact with Beijing and strong quarterly results from Intel Corp boosted investor sentiment, sending the S&P 500 briefly over the record high close it set three month

Updated 28 Oct, 2019 08:03am

Stocks

China's treasury futures activity gauge points to divided policy outlook

A gauge of activity in China's financial futures market hit an all-time high this week as investors placed bets on the prospects for imminent policy easing to arrest a slowdown in the world's second-largest economy. Signalling disagreement over policy dir

Updated 28 Oct, 2019 08:02am

Companies

China's WeWork equivalent Ucommune files for US IPO

China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of the year, two people with direct knowledge of the matter said. Ucommune'

Updated 28 Oct, 2019 07:58am

Global Business Economy

China's WeWork equivalent Ucommune files for US IPO

China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of the year, two people with direct knowledge of the matter said. Ucommune'

Updated 28 Oct, 2019 08:43am

Companies

Big funds gear up to invest in Italy's broadband champion

Some of the world's biggest infrastructure funds including Australia's Macquarie and Singapore's GIC are considering first steps that could lead to them taking part in Italy's plans to create a national fast broadband champion, sources said. Italy is tryi

Updated 28 Oct, 2019 08:04am

Telecommunication

Big funds gear up to invest in Italy's broadband champion

Some of the world's biggest infrastructure funds including Australia's Macquarie and Singapore's GIC are considering first steps that could lead to them taking part in Italy's plans to create a national fast broadband champion, sources said. Italy is tryi

Updated 28 Oct, 2019 06:13am

Stocks

Nasdaq eyes upside from free e-trades as profit tops expectations

Nasdaq Inc may see its market share of retail stock executions increase as a result of online brokers moving to free trades, the transatlantic exchange operator said on Wednesday after releasing better-than-expected quarterly financial results. In recent

Updated 28 Oct, 2019 07:59am

Energy

Asia's naphtha falls on massive exports from China

Asia's naphtha crack fell to a four-session low of $85.23 a tonne while gasoline hit a 1-1/2 month low of $6.13 a barrel, dragged down by massive exports from China. Singapore's onshore light distillates stocks, which comprise mostly gasoline and gasoline

Updated 28 Oct, 2019 07:59am

CBOT corn futures weak on dull demand

Chicago Board of Trade corn futures eased on Thursday on weak export demand and forecasts for favourable US harvest weather, traders said. CBOT December corn settled a penny lower at $3.86-3/4 per bushel. The contract fell below its 20-day moving average

Published 27 Oct, 2019 12:00am

Cotton & Textile

Cotton prices rise on strong demand

After a short break, prices showed rising trend on the cotton market on Saturday in the process of hectic trading activity, dealers said. The official spot rate was higher by Rs 100 to Rs 9200, they added. In ready session, 22,000 bales of cotton changed

Updated 28 Oct, 2019 07:59am

General News

Syria army reaches border area, deploys around Turkish zone

Syrian troops reached a key area near Turkey's border Saturday after sending further reinforcements to the region, in what a war monitor said was its largest deployment there in years. Syrian regime forces entered the provincial borders of the town of Ras

Published 27 Oct, 2019 12:00am

General News

Russia accuses US of 'banditry' in protecting Syria's oil

Russia on Saturday accused the United States of "international banditry" after Washington announced its intention to protect Syria's oil fields which are controlled by Kurdish forces. The statement comes after US Defense Secretary Mark Esper said US troop

Published 27 Oct, 2019 12:00am

General News

Over a million protesters demand Chile president's resignation

More than one million people took to the streets in Chile Friday for the largest protests in a week of deadly demonstrations demanding economic reforms and the resignation of President Sebastian Pinera. The leader told the thronging masses that he had "he

Published 27 Oct, 2019 12:00am

General News

Six abducted Nigerian schoolgirls freed

Six Nigerian schoolgirls and two staff members have been released unhurt three weeks after they were kidnapped from their dormitories in northern Kaduna state, regional authorities said Saturday. Armed assailants seized the six students, school vice princ

Published 27 Oct, 2019 12:00am

General News

Lebanese take to streets for 10th day

Demonstrators across Lebanon blocked roads and took to the streets Saturday for a 10th consecutive day, defying what they said were attempts by Hezbollah to defuse their movement and despite tensions with the army. The protesters - who have thronged Leban

Published 27 Oct, 2019 12:00am

General News

Rescuers hunt for missing as landslides, floods kill 10 in Japan

Rescuers worked by hand to clear debris from a landslide triggered by heavy rains in central Japan on Saturday, as the toll from the storms rose to 10 dead with a further three people reportedly missing. Aerial footage showed emergency workers removing wr

Published 27 Oct, 2019 12:00am

General News

Huge crowds join grassroots march for jailed Catalan leaders

Hundreds of thousands of Catalans marched peacefully through Barcelona on Saturday in support of calls to free jailed separatist leaders, after the region's mayors demanded it be allowed to map out its own political future. The city has witnessed daily pr

Published 27 Oct, 2019 12:00am

General News

Australia to settle more immigrants

The Australian government said on Saturday it is increasing the number of visas for skilled workers willing to migrate to the country's regions in a bid to ease pressure on major cities, where populations are growing twice as fast as elsewhere. The govern

Published 27 Oct, 2019 12:00am

Trump hits Thai seafood industry over worker rights

Donald Trump will suspend trade preferences for Thailand's seafood industry after it failed to take steps to improve worker rights, dealing a blow to the multi-billion dollar sector. Thailand is the world's third largest seafood exporter but its supplier

Published 27 Oct, 2019 12:00am

Global Business Economy

US to end scheduled flights to all Cuban airports except Havana

The United States will suspend all scheduled flights to Cuba except to its capital Havana, authorities said Friday, as US President Donald Trump pushes to dismantle the rapprochement begun by his predecessor Barack Obama. The suspension, which goes into e

Updated 28 Oct, 2019 08:42am

Global Business Economy

France's Banijay to buy Endemol Shine to create TV production giant

French group Banijay said Saturday it had agreed to buy Dutch-headquartered rival Endemol Shine, the creator of a slew of hit series, to create a TV production giant. Banijay, a leading creator and distributor of TV content, said in a statement it would a

Updated 28 Oct, 2019 08:42am

Money & Banking

'Lagarde will take ECB out of ivory tower'

Christine Lagarde will ensure European Central Bank policymakers climb down from their "ivory tower" and face the political realities of the euro zone, the ECB's vice president, Luis de Guindos, said in an interview published on Saturday. Lagarde, a forme

Updated 28 Oct, 2019 07:57am

Global Business Economy

Telegraph newspaper put up for sale

The owners of Britain's Daily Telegraph and Sunday Telegraph have put them up for sale, a rival newspaper reported on Saturday. According to The Times, the Barclay family is reviewing the ownership of all its holdings, including The Ritz hotel. The Barcla

Published 27 Oct, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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