News Archives for Print - 2019-11-01

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 01 Nov, 2019 12:00am

Rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 01 Nov, 2019 12:00am

Cotton & Textile

New York cotton

The following were the fluctuations observed during the day:

Updated 01 Nov, 2019 06:31am

General News

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 01 Nov, 2019 12:00am

Money & Banking

Comprehensive strategy being adopted to promote small businesses: HBL president

"We are working on a comprehensive strategy to promote small businesses which would be connected to more employment opportunities. Capacity building is one of our goals," said President & CEO of Habib Bank Limited (HBL) Muhammad Aurangzeb.

Published 01 Nov, 2019 12:00am

Sher Alam Mehsud appointed PSM temporary CEO

Pakistan Steel Mills (PSM) Board of Directors (BoD) on Thursday appointed Additional Secretary Ministry of Industries and Production, Capt Sher Alam Mehsud (retired) as Chief Executive Officer (CEO), PSM on look after charge, till the appointment of new C

Published 01 Nov, 2019 12:00am

Lending against agri produce: SBP tells banks to accept 'EWR' as collateral

The State Bank of Pakistan (SBP) has asked banks to accept the Electronic Warehouse Receipt (EWR) as collateral for lending against storage of agriculture produce and commodities.

Published 01 Nov, 2019 12:00am

General News

KU, Shiraz University sign MoU

The University of Karachi and Shiraz University, Iran, have signed Memorandum of Understanding (MoU) for the development of academic cooperation by promoting scientific collaboration between the Karachi University and Shiraz University.

Updated 01 Nov, 2019 06:32am

General News

PM grieved over tragedy of Tezgam train

Prime Minister Imran Khan has expressed deep grief and sorrow over the terrible tragedy of Tezgam train. In a tweet on Thursday, he expressed his condolences with the victims' families and prayed for the speedy recovery of the injured. The prime minister

Updated 01 Nov, 2019 06:43am

Taxes

July-October: Rs 164 billion shortfall in provisional collection

Federal Board of Revenue (FBR) has provisionally collected Rs 1,283 billion during July-October (2019-20) against target of Rs 1,447 billion, reflecting a shortfall of Rs164 billion.

Updated 01 Nov, 2019 06:44am

Taxes

Provisional figures: Customs Region (North) collects Rs 5.89 billion in October

The Customs Region (North) of the Federal Board of Revenue (FBR) provisionally collected Rs5,895 million during October, 2019 against Rs5,386 million during the corresponding period of last year, reflecting an increase of Rs. 509 million.

Updated 01 Nov, 2019 06:44am

General News

Liaquatpur tragedy: Scanners at Cantt Station out of order for last six months

Defective luggage scanners at railway stations of Karachi & Hyderabad lured some of ill-fated passengers to take prohibited items (gas cylinders) with them, which may have caused Liaquatpur human tragedy.

Updated 01 Nov, 2019 06:42am

General News

Thousands of JUI-F supporters enter Islamabad

Thousands of charged followers of Jamiat Ulema-Islam-Fazl (JUI-F) on Thursday entered the capital amid lack of coordination among opposition parties regarding the modalities of much hyped Azadi March.

Updated 01 Nov, 2019 06:43am

Stocks

Lender FAB pressures Abu Dhabi as major Gulf markets drop

All major Gulf stock markets slipped on Thursday amid falling oil prices, while Abu Dhabi led the losses as its top lender First Abu Dhabi Bank (FAB) declined. Oil prices came under pressure from rising US crude oil stocks and weak factory activity in Chi

Updated 01 Nov, 2019 06:43am

Stocks

Indian shares extend gains

Indian shares extended gains on Thursday to settle at multi-month highs, after an interest rate cut by the US Federal Reserve lifted investor sentiment, with Yes Bank stealing the limelight with a near 24% surge. Yes Bank said it has received a binding of

Updated 01 Nov, 2019 06:45am

Stocks

Thursday's early afternoon trade: Wall Street drops as trade worries resurface

US stocks fell on Thursday as worries that the United States and China may not be able to strike a trade deal overshadowed strong earnings reports from Apple and Facebook. The S&P 500 was on pace for its biggest drop in nearly three weeks, after notching

Updated 01 Nov, 2019 06:45am

Stocks

S&P closes at record on Fed bump

US stocks advanced on Wednesday, with the S&P 500 closing at a record for the second time in three sessions, after a policy statement by the US Federal Reserve that cut interest rates by a quarter of a percentage point. The Fed lowered its policy rate to

Published 01 Nov, 2019 12:00am

Stocks

Hong Kong stocks up

Hong Kong stocks closed higher on Thursday after the island city's central bank cut interest rates, mirroring the US Federal Reserve's rate-cut announcement on Wednesday. The Hang Seng index rose 0.9% to 26,906.72, while the China Enterprises index gained

Published 01 Nov, 2019 12:00am

Stocks

Treasury yields fall after Fed cuts rates

US Treasury yields fell on Wednesday after the Federal Reserve cut interest rates for the third time this year, as expected, but signalled that monetary easing could be on hold. The US central bank lowered the policy rate by a quarter of a percentage poin

Published 01 Nov, 2019 12:00am

Stocks

China stocks fall

China stocks ended lower on Thursday, as weak manufacturing data raised concerns over the pace of Beijing's policy support to bolster the economy. The blue-chip CSI300 index fell 0.1% to 3,886.75, while the Shanghai Composite Index lost 0.3% to 2,929.06.

Updated 01 Nov, 2019 06:53am

Stocks

Nikkei rises, faces resistance at 23,000

Japan's Nikkei edged higher on Thursday after the US Federal Reserve cut interest rates, but the market faced tough resistance as investors were eager to lock in profits after stellar gains this month. The Nikkei share average ended up 0.37% at 22,927.04

Updated 01 Nov, 2019 06:48am

Stocks

Autos, miners keep European shares in the red

European shares fell on Thursday, hurt by losses for miners and automakers as doubts grew over the prospect of a trade deal between the United States and China, with weak earnings from oil major Royal Dutch Shell adding to the gloom. A Bloomberg report sa

Updated 01 Nov, 2019 06:53am

Stocks

Australian shares lower

A profit miss from Australia's fourth-largest lender pulled its peers and the country's benchmark index lower on Thursday, despite gains in markets across the rest of Asia after the US Federal Reserve cut interest rates. Australia and New Zealand Banking

Updated 01 Nov, 2019 06:48am

Stocks

Southeast Asian stocks: Indonesian shares fall, Malaysia rises

Indonesian shares fell over 1% on Thursday, weighed down by telecom and utility stocks, while Malaysia gained on strength in the country's banking sector after an upbeat review by its central bank. The Jakarta index closed at its lowest in over a week as

Updated 01 Nov, 2019 06:53am

Stocks

Trade fears, Shell earnings knock 1pc off FTSE

The FTSE 100 blue-chip stock index dropped more than 1% on Thursday, under pressure from results-driven falls in Shell and Lloyds and the latest tensions over the US-China trade situation. The main index ended 1.1% lower on its worst day in a month, laggi

Updated 01 Nov, 2019 06:54am

IT & Computers

Samsung Electronics Q3 net profit slumps 52 percent

The world's largest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the third quarter, it said Thursday, hit by an enduring downturn in the global chip market. Net profits in the three months to September we

Published 01 Nov, 2019 12:00am

Money & Banking

Lloyds sinks into red on PPI scandal

Britain's Lloyds Banking Group dived into the red in the third quarter after setting aside more cash to compensate customers mis-sold the controversial insurance product PPI, it said Thursday. The UK high-street giant, which received a vast bailout during

Updated 01 Nov, 2019 06:53am

IT & Computers

Apple beats profit forecasts

Apple on Wednesday reported stronger-than-expected profits for the past quarter, fueled by growth in digital services and wearables that helped offset slower iPhone sales. Profit in the quarter ending in September dipped four percent from a year ago to $1

Published 01 Nov, 2019 12:00am

Global Business Economy

US consumer spending slowing; inflation benign

US consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers' ability to continue driving the economy amid a deepening slump in business investment. The report from the Commerce Department on Thur

Published 01 Nov, 2019 12:00am

Global Business Economy

Boeing says up to 50 planes grounded globally over cracks

Boeing announced Thursday up to 50 of its popular 737NG planes had been grounded after cracks in them were detected, in another blow to the US aircraft maker following two deadly crashes. Australian national carrier Qantas became the latest airline to tak

Published 01 Nov, 2019 12:00am

Global Business Economy

China's factory activity slips in October

Chinese factory activity contracted for a sixth-straight month in October, data showed Thursday, as the key manufacturing sector suffers under the weight of a slowing domestic economy and the long-running US trade war. The figures are the latest to highli

Published 01 Nov, 2019 12:00am

IT & Computers

Facebook profit climbs along with user base

Facebook on Wednesday reported that its quarterly profit grew along with its user base as it grapples with concerns ranging from political ads to cryptocurrency. The leading social network said its profit topped $6 billion on revenue that climbed 28 perce

Published 01 Nov, 2019 12:00am

Global Business Economy

Royal Dutch Shell logs rising quarterly net profit

Royal Dutch Shell said Thursday that net profit rose slightly in the third quarter of its financial year, when the Anglo-Dutch energy major was buffeted by lower oil prices. Earnings after taxation added just one percent to $5.9 billion (5.3 billion euros

Published 01 Nov, 2019 12:00am

Telecommunication

China rolls out 5G services in race to narrow technology gap

China's three major state telecom operators rolled out 5G wireless technology Thursday, as the country races to narrow its technology gap with the US amid a bruising trade war. China Mobile, the country's largest carrier, announced its 5G services were av

Published 01 Nov, 2019 12:00am

Other

China's Li leads Shanghai WGC

A last-minute switch back to some old clubs helped China's own Li Haotong find his groove and take the solo first-round lead in the WGC-HSBC Championships in Shanghai on Thursday.

Published 01 Nov, 2019 12:00am

Other

Djokovic sets up Tsitsipas clash as Thiem oust

Novak Djokovic saw off Britain's Kyle Edmund on Thursday to reach his eighth Paris Masters quarter-final, while Grigor Dimitrov knocked out fifth seed Dominic Thiem.

Published 01 Nov, 2019 12:00am

Other

Barty and Bencic advance to WTA semis

World number one Ashleigh Barty and Belinda Bencic both advanced to the semi-finals after contrasting victories at the WTA Finals in China on Thursday.

Published 01 Nov, 2019 12:00am

Other

Benzema stars as Madrid put five past limp Leganes

Real Madrid registered their biggest win since Zinedine Zidane's return as coach on Wednesday as they demolished struggling Leganes 5-0 to move up to second in La Liga. Karim Benzema was the star of the show, the Frenchman rounding off a superb attacking

Published 01 Nov, 2019 12:00am

Other

Shan Masood fined

Southern Punjab captain Shan Masood has been fined 25-per cent match fee for level 1 offence relating to showing dissent at umpire's decision during a match during his team's Quaid-e-Azam Trophy round five first-class match against Northern at Jinnah Stad

Published 01 Nov, 2019 12:00am

Other

PCB partners with Uber for girls cricket growth plan

The Pakistan Cricket Board (PCB) Thursday announced a partnership with Uber for the development of girls' cricket at school level across the country through its Cric4Us Programme.

Published 01 Nov, 2019 12:00am

Other

Sangakkara to lead MCC against Essex

Sri Lankan cricket legend Kumar Sangakkara, the first overseas president of the Marylebone Cricket Club, will captain the MCC against English county champions Essex in Sri Lanka next March, it was announced on Thursday.

Published 01 Nov, 2019 12:00am

Other

Liverpool reach League Cup quarters after 10-goal thriller

Liverpool reached the League Cup quarter-finals in thrilling style as their incredible 5-5 draw against Arsenal was followed by a 5-4 penalty shoot-out triumph, while Manchester United won 2-1 at Chelsea on Wednesday.

Published 01 Nov, 2019 12:00am

Other

Ronaldo hits late Juventus winner

Cristiano Ronaldo converted a 96th-minute penalty as Juventus defeated Thiago Motta's Genoa 2-1 to reclaim top spot in Serie A on Wednesday, while Napoli were left seething after conceding a disputed late equaliser against Atalanta.

Published 01 Nov, 2019 12:00am

Money & Banking

Dollar falls against majors in Asia

The dollar declined against a basket of major currencies on Thursday, reversing earlier gains, after the Federal Reserve cut interest rates for the third time this year and its signal for a potential pause in the easing cycle was taken with a pinch of sal

Updated 01 Nov, 2019 06:57am

Money & Banking

Euro rises against dollar in Europe

The euro rose against the dollar on Thursday after better than expected euro zone GDP data, while the US currency fell after Federal Reserve appeared to leave open the question of whether it would cut interest rates further. The Fed lowered its benchmark

Updated 01 Nov, 2019 06:57am

Money & Banking

Early trade in New York: Dollar drops against currencies basket

The dollar fell to a 10-day low against a basket of major currencies on Thursday as investors evaluated whether the Federal Reserve would continue to cut rates, and after European data beat expectations. The Fed on Wednesday lowered its policy rate by a q

Updated 01 Nov, 2019 06:56am

Money & Banking

Dollar dips in New York as Fed signals pause

The dollar fell against a basket of major currencies on Wednesday, reversing initial gains, after the Federal Reserve cut interest rates for the third time this year but signalled its rate-cut cycle might be at a pause, as was broadly expected. In lowerin

Updated 01 Nov, 2019 06:58am

Money & Banking

South Africa's rand extends losses

South Africa's rand extended losses against the dollar on Thursday after Finance Minister Tito Mboweni gave a bleak budget speech a day earlier in which he slashed growth forecasts and predicted ballooning debt, raising fears of a ratings downgrade. Stock

Updated 01 Nov, 2019 06:58am

Money & Banking

South Korean won leads Asia FX higher

Asian currencies strengthened against the dollar on Thursday, with South Korea's won leading the pack, after the US Federal Reserve cut interest rates for a third time this year. The dollar weakened against a basket of major currencies after the US centra

Updated 01 Nov, 2019 07:08am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular