News Archives for Print - 2019-11-01

Print - 2019-11-01

Economic indicators: WB chief notices progress

President World Bank Group David Malpass on Thursday met with Prime Minister Imran Khan and stated that there is substantial progress in Pakistan's economic indicators despite global and internal fiscal challenges.

Published 01 Nov, 2019 12:00am

Improved ranking: It's just a beginning, says PM

Prime Minister Imran Khan Thursday said that Pakistan's improved ranking in World Bank's ease of doing business report 2020 is just a beginning.

Published 01 Nov, 2019 12:00am

President promulgates 8 ordinances

President Dr Arif Alvi has promulgated as many as eight ordinances including the Benami Transaction (Prohibition) (Amendment) Ordinance 2019, the National Accountability (Amendment) Ordinance 2019 and the Whistleblower Protection and Vigilance Commission

Published 01 Nov, 2019 12:00am

Stocks

Blue chips lead KSE rally: BRIndex100 snaps losing streak

Pakistan Stock Exchange Thursday witnessed a bullish trend on the back of healthy buying in almost all sectors. BRIndex100 gained 52.48 points or 1.48 percent to close at 3,588.16 points. BRIndex100 touched intraday high of 3,600.32 and intraday low of 3,

Updated 01 Nov, 2019 07:39am

India, China clash over Kashmir

India engaged in a diplomatic war of words with China over Kashmir on Thursday as it formally revoked the disputed state's constitutional autonomy and split it into two federal territories.

Published 01 Nov, 2019 12:00am

Indian occupied Kashmir formally ceases to be a state

Kashmir was formally divided on Thursday, almost three months after losing its autonomy in a move that triggered violence and stoked tensions with arch-rival Pakistan. The move, announced in early August when India imposed a lockdown and sent in tens of t

Published 01 Nov, 2019 12:00am

Pakistan rejects bifurcation

Pakistan on Thursday rejected the bifurcation of Indian-occupied Jammu and Kashmir into two union territories and described it in complete violation of the UN Security Council resolutions and bilateral agreements between the two countries, especially the

Published 01 Nov, 2019 12:00am

General News

PIA condoles with families of Tezgam victims

CEO PIA Air Marshal Arshad Malik and the entire PIA family expressed their deepest condolences to the families of the victims who tragically lost their lives on the Tezgam Express. We pray for the departed souls and wish a speedy recovery to the injured.

Updated 01 Nov, 2019 07:42am

General News

Karachi polling station: Qalb-e-Hassan wins SCBA polls

Syed Qalb-e-Hassan, presidential candidate of Independent Group on Thursday emerged triumphant at Karachi polling station of Supreme Court Bar Association (SCBA) election.

Updated 01 Nov, 2019 07:48am

General News

Fazl sticks to PM's resignation demand

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has vowed not to rerun till getting the resignation of the Prime Minister (PM) Imran Khan.

Updated 01 Nov, 2019 07:42am

Energy

Tarbela 4th Extension project: 5.6 billion power units generated in one year, Malpass told

World Bank President David Robert Malpass, who visited Tarbela 4th Extension Hydropower project Thursday, was informed that since the commissioning of the project a year before, it has generated over 5.6 billion units of electricity.

Updated 01 Nov, 2019 07:56am

Syed Qalb-e-Hussain elected SCBA president

Syed Qalb-e-Hussain a candidate of Asma Jehangir group, on Thursday elected to the highly coveted post of president, Supreme Court Bar Association (SCBA) after a tough contest and defeated the Professional Group (Hamid Khan's panel) candidate Shoaib Shahe

Published 01 Nov, 2019 12:00am

Prices of petrol, diesel increased

The federal government in a slight readjustment Thursday increased the prices of motor spirit (petrol) and high speed diesel (HSD) for November 2019.

Published 01 Nov, 2019 12:00am

74 died, 40 injured in train inferno

As many as 74 passengers died and 40 injured including women and children in a train accident near Tehsil Liaquatpur, District Rahim Yar Khan, when three bogies of Tazgam Express got fire due to 'blast of a LPG cylinder'.

Published 01 Nov, 2019 12:00am

Army decides to start generating electricity

Pakistan Army has reportedly decided to start generating power for all its establishments across the country.

Published 01 Nov, 2019 12:00am

Karachi and Lahore are poles apart

Karachi and Lahore are poles apart in terms of contribution of registered traders in the national kitty as latter only deposited income tax to Rs 567.65 million as compared to Rs 30.87 billion collected from the traders of former in FY 2018-19.

Published 01 Nov, 2019 12:00am

US House formalises Trump impeachment process

Congress formally opened a new, public phase of its corruption investigation into Donald Trump on Thursday as US lawmakers voted for the first time to advance the impeachment process targeting the US president.

Published 01 Nov, 2019 12:00am

General News

Israel approves over 2,300 settler homes

Israel has approved the construction of 2,342 settler homes in the occupied West Bank, settlement watchdog Peace Now said on Thursday.

Updated 01 Nov, 2019 07:56am

Last date for filing IT returns extended

Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements for individuals and associations of persons for the tax year 2019 up to November 30, 2019.

Published 01 Nov, 2019 12:00am

Last date for submission: Sales Tax, FED returns extended

Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise returns up to November 8, 2019 for the tax period of September, 2019.

Published 01 Nov, 2019 12:00am

Nawaz's name not on ECL: interior minister

Federal Interior Minister Brig Ijaz Shah (retd) has disclosed that the name of ailing ex-prime minister Nawaz Sharif is not on the Exit Control List (ECL).

Published 01 Nov, 2019 12:00am

Traders strike a deal

Jehangir Tareen-led negotiating team reached an agreement with the striking traders though from the perspective of optics, he gave Advisor to the Prime Minister on Finance Hafeez Sheikh centre-stage during the subsequent press conference. Shabbar Zaidi, t

Updated 01 Nov, 2019 07:32am

The Reko Diq mess

A report in Business Recorder says the government is in the process of striking a deal on the Reko Diq issue but the details are yet to be finalised. Advisor on Finance Dr Abdul Hafeez Shaikh and Attorney General for Pakistan Anwar Mansoor Khan wen

Updated 01 Nov, 2019 07:33am

India-funded MEPs

On Tuesday, 27 Islamophobic Members of the European Parliaments (MEPs) were in Srinagar - only to be greeted by grim realities on the ground. While the Indian politicians have been denied visits they were there on the killing fields of Kashmir on invitati

Updated 01 Nov, 2019 07:33am

Articles

Doing business report and beyond - I

The World Bank launched its annual flagship 'Doing Business 2020' report, 17th edition in the series, which compares/ranks 190 economies in terms of 'ease of doing business', covering data up to May 1, 2019; broadly across 12 business regulations with sub

Published 01 Nov, 2019 12:00am

Articles

SMEs constitute real engine of growth

Our economic policies have remained skewed towards large scale vertically integrated industry owned by eminent business tycoons with experience in strong lobbying and pressure tactics. They have been major beneficiaries of government's concessional polici

Published 01 Nov, 2019 12:00am

Articles

Kabul soap factory helps former addicts stay clean

A young Afghan mother of seven sits on a red woollen rug alongside four other women who are slicing huge slabs of handmade, flowery soap into smaller bars.

Published 01 Nov, 2019 12:00am

Letters

Baghdadi eliminated

A highly excited US President Donald Trump tells the world in a televised address that fugitive Islamic State leader Abu Bakr al-Baghdadi died "whimpering and crying" in a raid by US special forces in northwest Syria. According to him, Baghdadi killed him

Published 01 Nov, 2019 12:00am

General News

ACs entrusted to implement govt policies

Deputy Commissioner Muhammad Ali has said the targets entrusted to Assistant Commissioners in order to raise the quality of departmental services and insuring the good governance for implementing the govt's policies and public welfare in letter and spirit

Updated 01 Nov, 2019 07:56am

General News

Islamabad public meeting: Serious differences appear in opposition ranks

Serious differences emerged between the opposition parties on Thursday even before the protestors of the Azadi March entered the federal capital after Pakistan Muslim League Nawaz (PML-N) announced the postponement of the joint opposition jalsa (public ga

Updated 01 Nov, 2019 07:56am

General News

Bilawal demands Rashid's resignation

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday demanded the government to suspend Federal Minister for Railways Sheikh Rasheed till the investigation into the tragic Tezgam fire incident is concluded. The PPP's chairman expressed

Updated 01 Nov, 2019 07:55am

Stocks

Sukuk, Swap Bonds for clearance of IPPs' dues: Hafeez asks FD, ministry to submit proposals

A meeting on circular debt of power sector has asked the Finance Division and Ministry of Energy to submit proposals to the Economic Coordination Committee (ECC) of the Cabinet within two weeks with regard to issuance of Sukuk and Swap Bonds for settlemen

Updated 01 Nov, 2019 07:55am

General News

Regularization of LHWs' services: SC seeks reports from federal government, others

The Supreme Court on Thursday sought reports from the federal government, four provinces and Azad Jammu and Kashmir government regarding regularization of lady health workers' services and their pay structure. The court also directed Coordinator Health Si

Updated 01 Nov, 2019 07:55am

General News

Services termination of top law officers: SHC suspends notification, issues notices to governor, Law Secretary

Sindh High Court (SHC) on Thursday suspended the notification of provincial government to terminate the services of Additional Advocate General and Assistant Advocate General of the province and issued notices to Governor Sindh and Law Secretary.

Updated 01 Nov, 2019 07:49am

Business & Economy

PIA's advisory

PIA has requested its valued passengers to give their contact numbers at the time of booking their tickets. PIA spokesman said PIA Call Centre regularly sends SMS messages and calls to passengers regarding the departure of the flights, schedule changes if

Published 01 Nov, 2019 12:00am

General News

NA body for conducting inquiry into train incident

The National Assembly Standing Committee on Law and Justice on Thursday unanimously recommended that an inquiry should be conducted by the Ministry of Railways and a report of the same should be submitted to the committee with details why and how the gas

Updated 01 Nov, 2019 07:50am

General News

LHC reserves verdict on Maryam's bail plea

The Lahore High Court (LHC) on Thursday reserved its verdict on the bail petition of Maryam Nawaz in Chaudhry Sugar Mills (CSM) case. Maryam had approached the LHC for bail on the basis of fundamental rights and humanitarian reasons after the sudden deter

Updated 01 Nov, 2019 07:50am

General News

Azadi March: IHC directs district admn not to impound loaded containers

The Islamabad High Court (IHC) Thursday directed the district administration of the capital not to impound any loaded container to use it in connection with the JUI-F's Azadi March. A single bench of IHC comprising Chief Justice Athar Minallah issued thes

Updated 01 Nov, 2019 08:10am

General News

Railways urged to adopt safety, security measures at stations

Leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce & Industry (KCCI) have urged Pakistan Railways (PR) to devise effectively strategies and adopt stringent safety and security measures at all the Railway Stations t

Updated 01 Nov, 2019 08:07am

Business & Economy

Forex reserves down $97 million

The country's total liquid foreign exchange reserves declined by $97 million during last week. According to the State Bank of Pakistan's weekly report issued Thursday, Pakistan's total liquid foreign exchange reserves stood at $15.089 billion on October 2

Updated 02 Nov, 2019 10:54am

General News

Tezgam incident: Murad orders transporting deceased, injured back to Sindh

Sindh Chief Minister Syed Murad Ali Shah expressing his deep sorrow and profound grief on Tez Gam Express tragic incident directed divisional administrations, Hyderabad, Sukkur, Nawabshah, Mirpurkhas and Karachi to keep close contact with railway authorit

Updated 01 Nov, 2019 08:08am

Business & Economy

PIA's first Faisalabad-Dubai flight takes off

PIA commenced its flights for the sector Faisalabad-Dubai on Thursday. The first flight PK 223 took off from Faisalabad Airport. The passengers of the flight were seen off by Rana Sikandar Azam, President Chamber of Commerce & Industry- Faisalabad, Distri

Published 01 Nov, 2019 12:00am

General News

Navy rescues 'Kyarr' victims

Pakistan Navy conducted rescue operation in suburb areas of Keti Bandar and Shah Bandar in Thatta and Sajawal districts of interior Sindh which were affected by sea cyclonic storm 'Kyarr'. Pakistan Navy, upon receipt of information, reacted promptly and d

Updated 01 Nov, 2019 08:04am

General News

Azadi March waters down Kashmir issue: JI chief

Chief of Jamaat-e-Islami, Senator, Siraj-ul-Haq on Thursday blamed the container-politics of opposition in Islamabad for upstaging Kashmir issue. Talking to reporters along with Justice Wajihuddin Ahmed (retd) at Idara Noor-e-Haq, the JI Chief said that K

Updated 01 Nov, 2019 08:04am

General News

Sustainable poverty graduation: Safety nets, livelihood opportunities termed critical

Safety nets and poverty graduation shall work hand in hand so that support through asset transfer, skills development and access to credit is pursued to provide the basis for policy development. This was stated by Hubert Boirard, Country Director Pakistan

Updated 01 Nov, 2019 10:48am

Business & Economy

PCJCCI for promotion of rural tourism

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) have proposed to promote the Chinese model of "Rural Tourism" in Pakistan. PCJCCI President Zarak Khan floated this proposal at a meeting of PCJCCI Think Tank here Thursday. He said that Pakis

Published 01 Nov, 2019 12:00am

Business & Economy

SMEDA's centre begins exporting prime quality honey

The Honey Processing and Packaging Center set up by the Small and Medium Enterprises Development Authority (SMEDA) in Swat has enabled the country to export prime quality honey at competitive prices, besides successfully meeting the domestic demand. It wa

Published 01 Nov, 2019 12:00am

Business & Economy

Steps taken to get country's name out of USTR watch list: IPR DG

Pakistan Customs Intellectual Property Rights (IPRs) is taking steps to improve the country's IPR global ranking through its efforts to get Pakistan's name removed from the watch list of the Office of US Trade Representative.

Published 01 Nov, 2019 12:00am

General News

Pak-Afghan borders: KP to develop two more crossing points: CM

KP Chief Minister Mahmood Khan on Thursday said the provincial government would develop Angoor Adda and Ghulam Khan crossing points on Pak-Afghan borders in North Waziristan and Afghanistan alike Torkham. While addressing "Khuli Katchery" (open court) dur

Updated 01 Nov, 2019 08:08am

Business & Economy

Iran keen to invest in various KP sectors, says CG

Consul General of the Islamic Republic of Iran, Mohammad Baqir Beigi has said Iran is keen to make investment in various sectors of Khyber Pakhtunkhwa and wants the promotion of trade and bilateral relations with Pakistan. He said that in this regard the

Published 01 Nov, 2019 12:00am

Articles

PARTLY FACETIOUS: The art of negotiation

"What makes a good negotiator?"

Published 01 Nov, 2019 12:00am

General News

Austrian diplomat meets Pervez Elahi

Austrian Ambassador in Pakistan HE Nicolaus Keller called on Speaker Punjab Assembly Ch Parvez Elahi at the Assembly Chambers here on Thursday and discussed matters pertaining to democratic system in Pakistan, supremacy of the parliament and freedom of me

Updated 01 Nov, 2019 08:00am

Business & Economy

Government urged to unleash e-commerce potential

Pakistan has a huge potential for e-commerce, but infrastructural and logistical issues needs to be resolved to unleash that potential, the government can play a role in this matter, said Jan Poeter, Head of Cross Border, Daraz Group. He welcomed the Gove

Published 01 Nov, 2019 12:00am

General News

Need for baseline studies stressed to save people from pollution

There is a strong need to carry out fresh 'baseline studies' in major cities of the country to ascertain the level of pollution and types of pollutants in the environment to devise a strategy for combating this nuisance and saving the people from negative

Updated 01 Nov, 2019 08:16am

Companies

EPCL wins '7th Employer of the Year' award

Engro Polymer and Chemicals, the only manufacturer of Polyvinyl Chloride (PVC) in Pakistan, has won the distinguished '7th Employer of the Year' award organised by the Employers Federation of Pakistan. Saeed Ghani, Minister Labor & HR, Sindh, was the Chie

Updated 01 Nov, 2019 08:00am

General News

Train mishap: Emergency declared in hospitals

On the direction of Punjab Minister for Health Dr Yasmin Rashid, emergency has been declared in government hospitals of Bahawalpur and Rahim Yar Khan Districts; to ensure provision of best healthcare facilities to the injured of Tezgam Express incident. E

Updated 01 Nov, 2019 07:23am

General News

Display of top fashion designers creations at Lahore Fort

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has announced to display the top 10 fashion designers' creative work at Lahore Fort from 3rd to 9th Nov, 2019, which will be open for public. The display ceremony of selected fashi

Updated 01 Nov, 2019 07:25am

General News

Raiwind congregation from today: 'Three-tier security finalised for first phase'

Deputy Inspector General of Police (Operation) Ashfaq Khan has said that a three-tier security plan has been put in place for the first phase of Raiwind annual congregation starting from Friday (today). "More than 2,000 police officers including three SPs

Updated 01 Nov, 2019 07:35am

Fatima Group signs MoU with leading Chinese Companies

The Fatima Group signed a strategic Memorandum of Understanding (MoU) with renowned Chinese companies, China Machinery Engineering Cooperation (CMEC), specialized in construction and engineering and Xinjiang Tianye Group, a leading Chinese enterprise spec

Published 01 Nov, 2019 12:00am

General News

Governor receives Sikh yatrees at Wagah

Punjab Governor Chaudhry Mohammad Sarwar on Thursday accorded a warm welcome to a delegation of Sikh yatrees led by Shiromani Akali Dal Delhi, President Paramjit Singh Sarna, along with gold made "Palki" for Gurduwara Darbar Sahib Kartarpur here at Wagah

Updated 01 Nov, 2019 07:35am

Business & Economy

Pakistan Cables bags 14th Consumer Choice Award

Pakistan Cables won the Consumers' Demand Award at the 14th Consumer Choice Award 2019 ceremony organised by the Consumer Association of Pakistan, held at a local hotel recently. The Chief Guest, Khalid Maqbool, Federal Minister of Information Technology

Published 01 Nov, 2019 12:00am

Money & Banking

IBP holds annual convocation

The Institute of Bankers Pakistan conducted its Annual Convocation-2019 and Essay Competition Prize distribution ceremony on October 28, 2019 at its Karachi Head Office. Jamil Ahmed, the Deputy Governor of State Bank of Pakistan graced the occasion as the

Updated 01 Nov, 2019 07:37am

Brief Recordings

Dissecting the government's civil service reforms agenda - An interview with Dr. Ishrat Husain

BR Research recently sat down with renowned economist Dr. Ishrat Husain in Islamabad to take his pulse on the civil service reforms under the PTI government. Dr. Ishrat, who is currently serving as Advisor to the Prime Minister for Institutional Reforms &

Updated 01 Nov, 2019 12:22pm

Energy

OGRA increases price of indigenous LPG for November

The Oil and Gas Regulatory Authority (OGRA) has jacked up the price of indigenous Liquefied Petroleum Gas (LPG) by Rs20.23 per 11.8kg domestic cylinder for the month of November 2019. A notification issued by OGRA stated the new price of 11.8kg domestic c

Updated 01 Nov, 2019 07:26am

Business & Economy

'Learning Poverty' in region: Pakistan at lowest position after Afghanistan: WB president

World Bank President David Malpass has pointed out that Pakistan is at the lowest position after Afghanistan at "Learning Poverty" in the region and urged the government for improving coordination between the federal and provincial governments as well as

Published 01 Nov, 2019 12:00am

US MIDDAY: Gold gains

Gold prices jumped over 1% on Thursday supported by an interest rate cut by the US Federal Reserve and as uncertainty surrounding a US-China trade deal bolstered the metal's safe-haven appeal. Spot gold was 1% higher at $1,509.97 an ounce by 12:05 ET (160

Published 01 Nov, 2019 12:00am

US MIDDAY: Corn, soya stumble

US grain and soyabean futures slipped on Thursday on expectations that weather conditions will turn more favorable for harvesting, giving a small break to farmers, traders said. Drier weather across the US corn belt from Friday through much of next week s

Published 01 Nov, 2019 12:00am

Gold jumps in Europe

Published 01 Nov, 2019 12:00am

Gold gains in Asia

Gold prices climbed on Thursday as the US dollar weakened after the Federal Reserve cut interest rates for the third time this year, but signalled the monetary-easing cycle would be paused. Hopes that the United States and China will sign a preliminary ag

Published 01 Nov, 2019 12:00am

Gold rises; palladium hits record high in New York

Gold rose on Wednesday on expectations of an interest rate cut by the US Federal Reserve, but bullion held a tight range as caution set in with investors awaiting clarity on the central bank's future monetary policy. Palladium hit an all-time high driven

Published 01 Nov, 2019 12:00am

Raw sugar steadies as market awaits short-covering; cocoa slides

Raw sugar futures on ICE steadied on Thursday, with the market largely rangebound as forecasts for a global deficit this season had yet to translate to higher prices and as funds remained stubbornly net short. London cocoa, meanwhile, hit its lowest in mo

Published 01 Nov, 2019 12:00am

Political uncertainty dents Argentine corn crop expectations

Argentina is expected to harvest 47.5 million tonnes of corn this season, the Rosario grains exchange said on Wednesday, down from a previous estimate of 50 million tonnes as growers grapple with dry weather and political uncertainty favours soya planting

Published 01 Nov, 2019 12:00am

Palm oil closes lower, ending six-day rally

Malaysian palm oil futures retreated after touching a 19-month high earlier on Thursday, as the ringgit gained and as panic buying emerged due to an expected supply shortage died down. The benchmark palm oil contract for January delivery on the Bursa Mala

Published 01 Nov, 2019 12:00am

Tokyo rubber rises on strength in Shanghai futures

Tokyo Commodity Exchange (TOCOM) futures rose on Thursday, tracking strong Shanghai futures. The benchmark TOCOM rubber contract for April delivery finished 1.5 yen ($0.0138) higher at 174.5 yen per kg. The most-active rubber contract on the Shanghai futu

Published 01 Nov, 2019 12:00am

Energy

Oil prices decline on weak Chinese data, US pipeline problems

Oil prices fell on Thursday after data showed weak factory activity in China, with US crude facing extra pressure after flows out of the Cushing, Oklahoma storage hub were disrupted because of reduced flows on a pipeline. Brent futures were down 38 cents,

Updated 01 Nov, 2019 07:26am

Copper slips on weak Chinese data

Copper prices fell on Thursday after weaker than expected manufacturing data from China heightened concerns about demand for the metal used in power and construction. A protracted trade conflict with the United States has cooled China's economic growth an

Published 01 Nov, 2019 12:00am

Cotton & Textile

Cotton dips nearly 2 percent on lacklustre exports, trade uncertainty

ICE cotton fell nearly 2% on Thursday on weak export sales and uncertainty over a trade deal between the United States and China. Cotton contracts for December fell 1.93% to 64.43 cents per lb as of 10:55 a.m. EDT (1455 GMT), having earlier slid to its lo

Updated 01 Nov, 2019 07:36am

General News

China blasts Pompeo for 'vicious' speech

Beijing slammed US Secretary of State Mike Pompeo on Thursday for a speech it said had "viciously attacked" China. In the latest hawkish take on China by President Donald Trump's administration, Pompeo Wednesday called Beijing "truly hostile" to the Unite

Updated 01 Nov, 2019 07:35am

General News

Beijing ends key conclave with promise to protect Hong Kong

China's Communist Party elite concluded a key meeting in Beijing Thursday with a promise to protect the "stability" of Hong Kong, which has been rocked by months of unrest. The Fourth Plenum of the Party's Central Committee is a closed-door meeting of hig

Updated 01 Nov, 2019 08:33am

General News

IS names Baghdadi successor, threatens US

The Islamic State jihadist group confirmed the death of its leader Abu Bakr al-Baghdadi in a statement Thursday and named his replacement as Abu Ibrahim al-Hashimi al-Quraishi. "We mourn you... commander of the faithful," said Abu Hamza al-Quraishi - pres

Updated 01 Nov, 2019 07:16am

General News

Watchdog sues FBI over facial recognition secrecy

A civil liberties watchdog Thursday sued the FBI and other federal agencies claiming the government is improperly withholding information on how it uses a facial recognition database of millions of Americans. "Because of the FBI's secrecy, little is known

Updated 01 Nov, 2019 07:11am

General News

Berlin court rejects legal challenge to Merkel climate policy

A Berlin court on Thursday threw out a case brought by three farmers against Chancellor Angela Merkel's government over its failure to meet climate protection targets, hyped by campaigners as the first such legal challenge in Germany. After the government

Updated 01 Nov, 2019 07:16am

General News

Third deadly quake in weeks hits Philippines

A powerful earthquake struck the southern Philippines on Thursday, killing at least five people and sparking searches of seriously damaged buildings that had already been rattled by two previous deadly tremors in recent weeks. The 6.5 magnitude quake hit

Updated 01 Nov, 2019 07:15am

General News

Johnson pledges Jan Brexit after missing 'do or die' deadline

Prime Minister Boris Johnson blamed his opposition Labour rival for Britain's failure to leave the European Union by Thursday's deadline and promised to deliver Brexit by January - if he wins the upcoming pre-Christmas election. Johnson is riding high in

Updated 01 Nov, 2019 07:27am

General News

North Korea fires short-range projectiles

North Korea fired two short-range projectiles on Thursday, the South's military said, with nuclear talks between Pyongyang and Washington at a deadlock. The weapons were launched from South Pyongan province in an easterly direction over the sea, Seoul's J

Updated 01 Nov, 2019 07:22am

Global Business Economy

Whirlpool protest shines light on Italy's woes

Thousands of people marched through Naples Thursday in protest over an industrial dispute that encapsulates the woes of the poverty-hit south, scarred by empty factories, high unemployment and the mafia. Workers downed tools over the threatened closure by

Published 01 Nov, 2019 12:00am

Global Business Economy

Indian export subsidies improper: WTO

The World Trade Organization found Thursday that India had improperly subsidized exports to the tune of billions of dollars, upholding complaints lodged by the United States. A WTO arbitral panel gave New Delhi three to six months to remove the prohibited

Published 01 Nov, 2019 12:00am

General News

More fires and evacuations in weary California

Firefighters battled several active wildfires on Thursday in California but appeared to make headway against a number of major blazes that have forced mass evacuations and power cuts. Two fast-moving infernos broke out early Thursday in the southern part

Updated 01 Nov, 2019 07:12am

General News

Scientists hail new cystic fibrosis treatment

A new triple-drug therapy that tackles the genetic causes of cystic fibrosis has been shown to be highly effective in treating the rare life-threatening disorder, scientists reported Thursday following landmark clinical trials. The finding - 30 years afte

Updated 01 Nov, 2019 07:12am

Ivory Coast farmers worry about impact of heavy rains on cocoa crop

Above-average rains in most of Ivory Coast's cocoa growing regions last week have raised concerns about the quality of the beans because of high moisture levels, farmers said on Monday.

Published 01 Nov, 2019 12:00am

Cotton & Textile

Cotton prices rise on moderate activity

Rates of fine type maintained upward trend on the cotton market on Thursday in the process of improved trading activity, dealers said. The official spot rate was higher by Rs 100 Rs 9450, they added. In ready session, nearly 10,000 bales of cotton changed

Updated 01 Nov, 2019 07:12am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 119,035 tonnes of cargo comprising 75,462 tonnes of import cargo and 43,573 tonnes of export cargo including 2,931 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 01 Nov, 2019 12:00am

Energy

US natural gas futures jumps to 6-month high

US natural gas futures on Wednesday jumped to a six-month high after soaring almost 13% earlier this week on forecasts the cold weather blanketing much of the country will remain through at least the middle of November.

Updated 01 Nov, 2019 07:11am

China's iron ore stalls on firm demand

China iron ore futures contract held its ground on Wednesday after falling as much as 1.9% in early trade, fuelled by firm demand outlook despite increasing supplies from big miners.

Published 01 Nov, 2019 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,292. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.575 billion and the numbers of lots traded 10,229.

Published 01 Nov, 2019 12:00am

CBOT soyabean futures weaker

Chicago Board of Trade (CBOT) soyabean futures closed weaker on Wednesday amid uncertainty about progress toward an interim deal in the US-China trade war, traders said.

Published 01 Nov, 2019 12:00am

Canadian canola futures fall

ICE Canadian canola futures dipped on Wednesday for the fourth straight session as harvesting neared its finish in Western Canada. Selling by farmers to commercial buyers has picked up after difficult, wet, harvesting conditions, a trader said. The most-a

Published 01 Nov, 2019 12:00am

Money & Banking

Sterling on track for biggest monthly rise in a decade

The pound rose above $1.290 on Thursday, heading for its biggest monthly rise in more than a decade as the combination of a weak dollar and the falling risks of Britain leaving the European Union without a deal fuelled demand. As the dollar was weakened b

Updated 01 Nov, 2019 07:07am

Money & Banking

Aussie, kiwi climb

The Australian and New Zealand dollars firmed on Thursday as investors scaled back wagers on local interest rate cuts after the US Federal Reserve signalled a pause in its easing campaign. Some solid domestic data on housing and trade also helped offset d

Updated 01 Nov, 2019 07:07am

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 / Apr 11	280.53
USD PKR Interbank Buying / Apr 11	280.28
USD to Japanese Yen / Apr 11	143.90
USD to Swiss Franc / Apr 11	0.82
Pound Sterling to USD / Apr 11	1.30
Euro to USD / Apr 11	1.13
UK LIBOR % / Apr 10	4.96

Stock	Volume
S&P 500 / Apr 10	5,268.05
Nasdaq / Apr 10	16,387.31
Dow Jones / Apr 10	39,593.66
India Sensex / Apr 11	75,343.21
Tokyo Nikkei / Apr 11	33,533.93
Hang Seng / Apr 11	21,054.61
FTSE 100 / Apr 11	7,879.52
Germany DAX 30 / Apr 11	20,278.17
France CAC40 / Apr 11	7,066.01

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 10	16,785
Gold 10 Grams PKR / Apr 10	281,893
Petrol/Litre / Apr 11	254.63
Crude Oil USD/Barrel / Apr 11	60.77
Gold Spot USD/Ounce / Apr 11	3,196.67
Diesel/Litre / Apr 11	258.64
Cotton US¢/pound / Apr 11	67.35

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 11 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.85 ▲ 1 (12.74%)
Ruby Textile / Apr 11 Ruby Textile Mills Limited(RUBY)	7 ▲ 0.7 (11.11%)
Bawany Air Products / Apr 11 Bawany Air Products Limited(BAPL)	28.91 ▲ 2.63 (10.01%)
Calcorp Ltd / Apr 11 Calcorp Limited(CASH)	37.24 ▲ 3.39 (10.01%)
PIA Holding Co.B / Apr 11 PIA Holding Company Limited B(PIAHCLB)	1,329.45 ▲ 120.86 (10%)
ZIL Limited / Apr 11 ZIL Limited(ZIL)	295.72 ▲ 26.88 (10%)
Jubile Life InsXD / Apr 11 Jubilee Life Insurance Company Limited(JLICL)	152.56 ▲ 13.87 (10%)
Diamond Ind. / Apr 11 Diamond Industries Limited(DIIL)	35.20 ▲ 3.2 (10%)
Parmount Sp. / Apr 11 Paramount Spinning Mills Limited(PASM)	4.18 ▲ 0.38 (10%)
Hoechst Pak. / Apr 11 Hoechst Pakistan Limited(HPL)	3,519 ▲ 319 (9.97%)

Stock	Price
Oilboy Energy(R) / Apr 11 Oilboy Energy Limited(R)(OBOYR2)	1.84 ▼ -0.41 (-18.22%)
First Elite Cap.Mod / Apr 11 First Elite Capital Modaraba(FECM)	17.53 ▼ -1.95 (-10.01%)
National Silk / Apr 11 The National Silk & Rayon Mills Limited(NSRM)	30.75 ▼ -3.25 (-9.56%)
Universal Ins. / Apr 11 The Universal Insurance Company Limited(UVIC)	9 ▼ -0.85 (-8.63%)
Noon Sugar / Apr 11 Noon Sugar Mills Limited(NONS)	71.10 ▼ -6.61 (-8.51%)
Masood Textile / Apr 11 Masood Textile Mills Limited(MSOT)	52 ▼ -4.8 (-8.45%)
Leather Up Ltd. / Apr 11 Leather Up Limited(LEUL)	26 ▼ -2.29 (-8.09%)
Nimir Resins / Apr 11 Nimir Resins Limited(NRSL)	32.50 ▼ -2.85 (-8.06%)
Chashma / Apr 11 Chashma Sugar Mills Limited(CHAS)	59.02 ▼ -4.97 (-7.77%)
EFU General / Apr 11 EFU General Insurance Limited(EFUG)	116 ▼ -8.45 (-6.79%)

Stock	Volume
Cnergyico PK / Apr 11 Cnergyico PK Limited(CNERGY)	86,573,180 ▼ -0.07
K-Electric Ltd. / Apr 11 K-Electric Limited(KEL)	57,922,646 ▲ 0.02
Sui South Gas / Apr 11 Sui Southern Gas Company Limited(SSGC)	44,734,661 ▲ 0.52
Pak Elektron / Apr 11 Pak Elektron Limited(PAEL)	40,461,763 ▲ 2.13
Pak Int.Bulk / Apr 11 Pakistan International Bulk Terminal(PIBTL)	37,973,873 ▼ -0.34
B.O.Punjab / Apr 11 The Bank of Punjab(BOP)	33,069,655 ▲ 0.54
Citi Pharma Ltd / Apr 11 Citi Pharma Limited(CPHL)	25,314,966 ▲ 2.71
Maple Leaf Cement / Apr 11 Maple Leaf Cement Factory Limited(MLCF)	21,075,820 ▲ 0.24
Fauji Cement / Apr 11 Fauji Cement Company Limited(FCCL)	19,242,425 ▼ -0.65
WorldCall Telecom / Apr 11 Worldcall Telecom Limited(WTL)	16,890,477 ▼ -0.01

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