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Print - 2019-11-03
THE RUPEE: No change
Money & Banking

THE RUPEE: No change

The rupee showed no change against the dollar on the money market on Saturday in the process of trading activity, dealers said.
Updated 04 Nov, 2019 07:39am
Automart: car prices in Karachi
Rates

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (November 02, 2019).

Published 03 Nov, 2019 12:00am
Hides and skin rates
Rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 02, 2019).

Published 03 Nov, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 02, 2019).

Published 03 Nov, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 02, 2019).

Published 03 Nov, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (November 02, 2019) and the forecast for Sunday (November 03, 2019).

Published 03 Nov, 2019 12:00am
Oil prices face pressure as global economy slows
Commodities

Oil prices face pressure as global economy slows

Oil prices are likely to be pressured this year and next as low demand from a slowing global economy and a surge in US shale output offset support from OPEC production cuts and Middle East supply risks, a Reuters survey shows.
Published 03 Nov, 2019 12:00am
China books deal for 132,000 tonnes of US soyabeans: USDA
Commodities

China books deal for 132,000 tonnes of US soyabeans: USDA

Private exporters reported the sale of 132,000 tonnes of US soyabeans to China on Friday, the latest in a string of purchases the top buyer of the oilseed has booked as the world's two largest economies negotiate to end a bilateral trade war that has last
Published 03 Nov, 2019 12:00am
Vietnam to vet Russian wheat exporters
Commodities

Vietnam to vet Russian wheat exporters

Russia has agreed to provide Vietnam with a list of its wheat exporters for approval, the Russian regulator said on Tuesday, as the two countries try to resolve Vietnamese quality concerns about the Russian crop.
Published 03 Nov, 2019 12:00am
Ahmed Shehzad fined; Azhar Ali, Sohail Khan reprimanded
Cricket

Ahmed Shehzad fined; Azhar Ali, Sohail Khan reprimanded

Central Punjab skipper Ahmed Shehzad has been fined 50-percent of his match fee, while his team-mate Azhar Ali and Sindh fast-bowler Sohail Khan have received official reprimands for violating PCB Code of Conduct during their Quaid-e-Azam Trophy match, wh
Published 03 Nov, 2019 12:00am
Mane caps Liverpool fightback, Man City escape
Football

Mane caps Liverpool fightback, Man City escape

Liverpool staged a thrilling fightback to beat Aston Villa 2-1 thanks to Sadio Mane's last-gasp winner, while Manchester City kept in touch with the Premier League leaders after their own escape act in a 2-1 victory against Southampton on Saturday.
Published 03 Nov, 2019 12:00am
Pakistan-Australia first T20 match today
Cricket

Pakistan-Australia first T20 match today

David Warner has bounced back from a poor Ashes campaign with a red-hot run of form in the Twenty20 series against Sri Lanka, which he attributes to "maintaining the rage".
Published 03 Nov, 2019 12:00am
Pakistan beat Bangladesh in first ODI
Cricket

Pakistan beat Bangladesh in first ODI

Pakistan women cricket team beat Bangladesh women team by 29 runs in the first ODI at Gaddafi Stadium on Saturday to take 1-0 lead in the two-match series.
Published 03 Nov, 2019 12:00am
Barty comeback sets up WTA decider against Svitolina
Other

Barty comeback sets up WTA decider against Svitolina

World number one Ashleigh Barty overcame the hitting power of Karolina Pliskova with a comeback victory on Saturday to set up a mouth-watering WTA Finals decider against defending champion Elina Svitolina.
Published 03 Nov, 2019 12:00am
Djokovic in Paris final, Nadal leaves
Other

Djokovic in Paris final, Nadal leaves

Novak Djokovic beat Grigor Dimitrov on Saturday to set up a Paris Masters final against Canadian youngster Denis Shapovalov, as Rafael Nadal withdrew from the tournament with an abdominal injury.
Published 03 Nov, 2019 12:00am
Asia's naphtha rises to one week high
Energy

Asia's naphtha rises to one week high

Asia's naphtha crack rose for a third straight day on Thursday to one week high of $87.78 a tonne, supported by tight supplies. The strong fundamentals were reflected in spot premiums. Taiwan's Formosa Petrochemical Corp, for instance, bought 150,000 tonn
Updated 04 Nov, 2019 07:39am
CBOT soyabean futures edge up

CBOT soyabean futures edge up

Chicago Board of Trade (CBOT) soyabean futures closed slightly higher on Thursday.
Published 03 Nov, 2019 12:00am
Thin business seen on cotton market
Cotton & Textile

Thin business seen on cotton market

Trade activity came down on the cotton market on Saturday owing to lack of buying interest by mills, dealers said.
Updated 04 Nov, 2019 07:39am
Dollar drops on mixed data, trade optimism
Money & Banking

Dollar drops on mixed data, trade optimism

The dollar dropped on Friday after data showed a mixed view on the economy, and as optimism that the United States and China will reach a deal to end their trade war reduced safe-haven demand for the greenback. The dollar initially gained after US jobs gr
Updated 04 Nov, 2019 07:39am
Canadian dollar pares weekly decline
Money & Banking

Canadian dollar pares weekly decline

The Canadian dollar edged higher against its US counterpart on Friday, reducing this week's decline as investors grew more optimistic on prospects for a trade deal between the United States and China and on the outlook for economic growth. Canada exports
Updated 04 Nov, 2019 07:40am
Most Latin American currencies rally
Money & Banking

Most Latin American currencies rally

Most Latin American currencies made healthy gains on Friday, putting an index of regional currencies on track for a third week of gains, while Brazil stocks scaled new highs as positive data from the United States and China lifted global sentiment. Brazil
Updated 04 Nov, 2019 07:41am
Speculators pare net long dollar bets
Money & Banking

Speculators pare net long dollar bets

Speculators cut their net long bets on the US dollar in the latest week to a 9-week low, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $13.28 billion in
Updated 04 Nov, 2019 07:42am
S&P 500, Nasdaq set records on jobs data, trade headway
Stocks

S&P 500, Nasdaq set records on jobs data, trade headway

US stocks rallied to close out the trading week on Friday as the S&P 500 set a closing record for the third time in five days after an upbeat US jobs report and data on Chinese manufacturing eased concerns about slowing global growth. Job growth slowed le
Updated 04 Nov, 2019 07:28am
Eurozone bond yields push up
Stocks

Eurozone bond yields push up

Eurozone government bond yields pushed higher on Friday as the market took positive signs from US data releases and Christine Lagarde began her presidency of the European Central Bank. Positive US data readings eased demand for safe-haven government bonds
Updated 04 Nov, 2019 07:28am
Sisi suggests floating Egypt military firms on stock exchange
Stocks

Sisi suggests floating Egypt military firms on stock exchange

Egyptian President Abdel Fattah al-Sisi suggested Thursday listing military-owned companies on the stock exchange, along with other state-run firms and assets. "There must be an opportunity for the armed forces' companies. They must enter the stock market
Updated 04 Nov, 2019 07:24am
Thousands march for Scottish independence

Thousands march for Scottish independence

Thousands rallied in Glasgow on Saturday calling for Scotland to become an independent country, with First Minister Nicola Sturgeon telling the crowds that their goal was "within touching distance".
Updated 04 Nov, 2019 09:04am
Trump announces new acting US homeland security chief

Trump announces new acting US homeland security chief

US President Donald Trump announced Friday that a senior department official, Chad Wolf, would become the nation's new acting homeland security chief, a role at the center of his crackdown on undocumented immigration.
Updated 04 Nov, 2019 09:04am
Tear gas as thousands defy police in latest Hong Kong march

Tear gas as thousands defy police in latest Hong Kong march

Hong Kong police fired tear gas and water cannon Saturday as thousands of democracy protesters defied authorities in another unsanctioned march after Beijing vowed to tighten control over the unrest-plagued city.
Updated 04 Nov, 2019 09:10am
Johnson rejects calls for no-deal Brexit

Johnson rejects calls for no-deal Brexit

British Prime Minister Boris Johnson drew an angry backlash from Brexit Party leader Nigel Farage on Saturday after he rejected calls to drop his Brexit deal and embrace a clean break from the European Union, potentially splitting the eurosceptic vote.
Updated 04 Nov, 2019 09:04am
US warns Serbia off buying Russian missile systems

US warns Serbia off buying Russian missile systems

A US envoy has expressed concern about Serbian interest in Russian air defence systems, warning Belgrade to be "careful and cautious" about buying them, in comments to North Macedonia television.
Updated 04 Nov, 2019 09:05am
Iraqi security forces kill one, wound 91 protesters

Iraqi security forces kill one, wound 91 protesters

Security forces killed a protester and wounded 91 others in Baghdad on Saturday, security and medical sources said, as thousands of Iraqis continued to gather in mass anti-government protests.
Updated 04 Nov, 2019 09:06am
At least 13 dead in car bomb in Syrian border town

At least 13 dead in car bomb in Syrian border town

A car bomb killed at least 13 people in a Turkish-held border town in northeast Syria Saturday, as thousands of Kurds in the wider region protested against a "Turkish occupation".
Updated 04 Nov, 2019 09:07am
Germany to spend 1bn euro on green mobility projects in India
Global Business Economy

Germany to spend 1bn euro on green mobility projects in India

German Chancellor Angela Merkel said on Saturday her country will spend one billion euros ($1.12 billion) in the next five years on green urban mobility projects conceived under the new German-Indian partnership.
Updated 04 Nov, 2019 09:07am
Fitch revises Turkey's outlook to 'stable', does not expect impact
Global Business Economy

Fitch revises Turkey's outlook to 'stable', does not expect impact

Ratings agency Fitch on Friday revised Turkey's outlook to "stable" from "negative" and affirmed its "BB-" rating, saying it did not expect credit fundamentals to be impacted by Ankara's operation in northeastern Syria.
Updated 04 Nov, 2019 08:50am
Fosun buys Thomas Cook brand for £11 million
Global Business Economy

Fosun buys Thomas Cook brand for £11 million

Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad.
Published 03 Nov, 2019 12:00am
Malaysia rejects 'less than $2 billion' Goldman offer over 1MDB
Global Business Economy

Malaysia rejects 'less than $2 billion' Goldman offer over 1MDB

Malaysia rejected a compensation offer of "less than $2 billion" from Goldman Sachs for the role of its subsidiaries in the multi-billion-dollar 1MDB scandal, an aide to the country's prime minister said Saturday.
Updated 04 Nov, 2019 08:57am
Asia must quit 'coal addiction': UN chief

Asia must quit 'coal addiction': UN chief

The UN chief on Saturday warned Asia to quit its "addiction" to coal, as climate change threatens hundreds of millions of people vulnerable to rising sea levels across the region.
Updated 04 Nov, 2019 08:52am
Iran strikes initial deal to rebuild Syrian power grid
Energy

Iran strikes initial deal to rebuild Syrian power grid

Iran signed a preliminary agreement with Syria on Saturday to help rebuild the Arab ally's electricity grid, Iranian state media reported, as Tehran seeks a deepening economic role after years of the Syrian conflict.
Updated 04 Nov, 2019 07:22am
Sri Lanka economy slowly recovering from Easter attacks: IMF
Global Business Economy

Sri Lanka economy slowly recovering from Easter attacks: IMF

Sri Lanka's economy was slowly recovering from the impact of the Easter Sunday suicide bombings that killed hundreds and crippled the booming tourism sector, the International Monetary Fund said Saturday.
Updated 04 Nov, 2019 08:53am
Buffett's Berkshire tops profit forecasts
Global Business Economy

Buffett's Berkshire tops profit forecasts

Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett's inability to deploy the conglomer
Updated 04 Nov, 2019 08:54am
Drug case: Special court adjourns hearing against Sanaullah till 16th

Drug case: Special court adjourns hearing against Sanaullah till 16th

An special court for Control of Narcotics Substance (CNS) on Saturday adjourned the proceedings of a drug case against former law minister Rana Sanaullah Khan, till Nov 16th. Earlier, the special court judge told the defence and prosecution that he could
Published 03 Nov, 2019 12:00am
Free medical camp set up in Juma Himaiti Goth

Free medical camp set up in Juma Himaiti Goth

Provincial Minister for Human settlements and special development Ghulam Murtaza Baloch has said that Sindh government is cooperating with NGOs working in the public welfare sector and hope that more people will come forward in this sector and will serve
Published 03 Nov, 2019 12:00am
EDP Punjab launches smog awareness campaign

EDP Punjab launches smog awareness campaign

Environment Protection Department (EPD) Punjab has launched smog awareness campaign in different districts of the province to sensitise people to be well-prepared to avoid health hazards and take safety precautions. According to a spokesman, the campaign
Published 03 Nov, 2019 12:00am
Kyarr increases plastic pollution along Balochistan coast

Kyarr increases plastic pollution along Balochistan coast

The category 5 super cyclone Kyarr (04A) generated higher than usual waves in the central Arabian Sea resulting in the inundation of many villages in Keti Bunder and creek areas along the Indus Delta, the WWF-Pakistan said on Saturday. Similarly, it said,
Published 03 Nov, 2019 12:00am
SU sets record as 23,000 candidates appear in pre-entrance test

SU sets record as 23,000 candidates appear in pre-entrance test

SU campus at Jamshoro took on a festive look as around 23,000 candidates of which around 5000 were girls and the rest boys dotted in throngs and long beelines the entire width and breadth of the varsity to appear in pre-entrance test for admission to as m
Published 03 Nov, 2019 12:00am
Envoy for improving contacts with counterparts in Maldives

Envoy for improving contacts with counterparts in Maldives

Ambassador of Maldives to Pakistan Ahmed Saleem has urged the Pakistani business community to focus on improvement of contacts with their counterparts in Maldives which would be proved favourable for the two countries. He was speaking at the Lahore Chambe
Published 03 Nov, 2019 12:00am
Agriculture fair price shops to be set up in backward areas

Agriculture fair price shops to be set up in backward areas

Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that new agricultural fair price shops would be set up in the backward areas of the province for provision of quality essential items on subsidized rates. The Minister stated this while
Published 03 Nov, 2019 12:00am
Buzdar takes notice attack of locust swarms

Buzdar takes notice attack of locust swarms

Punjab Chief Minister Sardar Usman Buzdar on Saturday taken notice of infestation of locust swarms on the crops in the areas of Bahawalpur and Muzzafargarh and issued instructions to the agriculture department, administration and other concerned departmen
Published 03 Nov, 2019 12:00am
Funeral prayers of Ashiq Qureshi offered

Funeral prayers of Ashiq Qureshi offered

A funeral prayers of Nawab Ashiq Hussain Qureshi, cousin of Foreign Minister Shah Mahmood Qureshi, was held here on Saturday. The Foreign Minister, Punjab Chief Minister Sardar Usman Buzdar, Punjab Governor Punjab Muhammad Sarwar, Punjab Finance Minister
Published 03 Nov, 2019 12:00am
BD Leather Tech Fair: 'Participation to promote Pak-BD bilateral trade'
Cotton & Textile

BD Leather Tech Fair: 'Participation to promote Pak-BD bilateral trade'

Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has said that the supreme motive for participation in Bangladesh Leather Tech Fair is to promote the bilateral trade activities between Pakistan and Bangladesh to increase the trade volume
Updated 04 Nov, 2019 07:33am
PTI ministers keep guessing failure of JUI-F sit-in

PTI ministers keep guessing failure of JUI-F sit-in

The provincial ministers kept guessing failure of the sit-in of Maulana Fazlur Rehman throughout on Saturday. The Punjab Minister for Colonies department Fayyaz-ul-Hassan Chohan said the opposition parties are confused over the continuity of the sit-in. B
Published 03 Nov, 2019 12:00am
Rain likely in Lahore today

Rain likely in Lahore today

The Met Office said on Saturday that the city may witness partial rain on Sunday (today). Meanwhile, they have predicted cloudy weather during the next 24 hours; however, smog would continue to rise in the absence of rain. The maximum and minimum temperat
Published 03 Nov, 2019 12:00am
Abbassi shifted to PIMS after sickness

Abbassi shifted to PIMS after sickness

Former Prime Minister Shahid Khaqan Abbasi was shifted to PIMS Hospital for a check up on Saturday after his health deteriorated. PIMS spokesperson Dr Wasim said the PML-N leader underwent check up for hernia, heart, lungs and Kidney stones. According to
Published 03 Nov, 2019 12:00am
Traders reject hike in commercial tax
Business & Economy

Traders reject hike in commercial tax

Trading community has rejected increase in tax on the commercial buildings by the provincial government and termed it unbearable and vowed not to accept in any circumstances. The meeting held here at Peshawar Chamber of Small Traders and Industries (PCSTI
Published 03 Nov, 2019 12:00am
Security beefed up outside Banigala residence

Security beefed up outside Banigala residence

Strict security measures have been put in place outside Prime Minister Imran Khan's Bani Gala residence in the wake of Maulana Fazal-ur-Rehman's speech. The containers have been placed at the roads heading towards Bani Gala, while the police and FC person
Published 03 Nov, 2019 12:00am
Huge influx of marchers enhances economic activities in Capital

Huge influx of marchers enhances economic activities in Capital

The federal capital has witnessed a significant influx of people with enhanced economic activities, as many temporary shops, hotels and stalls have been set up in the surrounding areas of 'Azadi March' venue. Faisal Mosque, Daman-e-Koh, Islamabad Zoo, Pla
Published 03 Nov, 2019 12:00am
Statement of PM's arrest is unconstitutional: Aitzaz

Statement of PM's arrest is unconstitutional: Aitzaz

Senior leader of Pakistan People's Party (PPP), Barrister Aitzaz Ahsan said statement like arrest of prime minister by some groups is unconstitutional. Talking exclusively to a private TV channel, he questioned who allowed companions of Maulana Fazlur Reh
Published 03 Nov, 2019 12:00am
Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of most of the essential kitchen items have witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed during the week under review veget
Published 03 Nov, 2019 12:00am
CDA to construct five interchanges

CDA to construct five interchanges

In order to cater future traffic needs and further expand and extend the road infrastructure in the federal capital, the Capital Development Authority (CDA) has decided to construct five interchanges in the city. Instructions have been issued to prepare P
Published 03 Nov, 2019 12:00am
Pakistan to learn from China's agriculture research: VC Sargodha varsity

Pakistan to learn from China's agriculture research: VC Sargodha varsity

Vice-Chancellor, University of Sargodha, Ishtiaq Ahmed said that cooperation in the agriculture sector is very important between Pakistan and China and Pakistani universities which can benefit from Chinese research and technology in this vital field. Talk
Published 03 Nov, 2019 12:00am
Opposition worries over improvements in economy: minister

Opposition worries over improvements in economy: minister

Federal Minister for Economic Affairs, Hammad Azhar, said Saturday that the opposition parties are worried over Prime Minister Imran Khan's effective steps for making improvements in the national economy. Hammad Azhar, while talking exclusively to a priva
Published 03 Nov, 2019 12:00am
Nanbais demand 50 percent rise in roti price

Nanbais demand 50 percent rise in roti price

Nanbais (bakers) have demanded the district administration to increase roti price by Rs5. Importantly, the representatives of the nanbai association have given a deadline till November 5 for the acceptance of their demand and warned if that didn't happen,
Published 03 Nov, 2019 12:00am
President urges unity, solidarity to address Kashmir issue

President urges unity, solidarity to address Kashmir issue

President Dr Arif Alvi meets Governor Punjab Chaudhry Mohammad Sarwar and Chief Minister Sardar Usman Buzdar, here at Governor's House and discussed matters concerning development strategy in Punjab and matters of mutual interest.
Published 03 Nov, 2019 12:00am
DLA set up: NHA Board recommends provision of land to NH&MP

DLA set up: NHA Board recommends provision of land to NH&MP

The National Highway Authority (NHA) Executive Board has recommended provision of land to National Highway & Motorway Police (NH&MP) at three sites for establishment of offices of Driving Licensing Authority (DLA) by granting exemption from Leasing Policy
Published 03 Nov, 2019 12:00am
Siraj criticises government's economic policies

Siraj criticises government's economic policies

Jamaat-e-Islami Chief, Senator Sirajul Haq has said that the imposition of draconian economic policies, rising unemployment and skyrocketing inflation are the hallmarks of the PTI government.
Published 03 Nov, 2019 12:00am
KBP slams rise in rates of POL products
Energy

KBP slams rise in rates of POL products

Kissan Board Pakistan (KBP) reacting to an increase in the prices of certain petroleum products has said that it will add to the woes of the common man.
Updated 04 Nov, 2019 07:21am
Nawaz's condition remains 'critical', claims Dr Adnan

Nawaz's condition remains 'critical', claims Dr Adnan

With decline in platelets counts of the former Prime Minister to the level of around 39,000, the PML-N supremo's personal physician Dr Adnan on Saturday tweets that health of Nawaz Sharif remains 'critical.'
Published 03 Nov, 2019 12:00am
Ghani slams government for vindictiveness against Zardari

Ghani slams government for vindictiveness against Zardari

Sindh Minister for Information, Archives and Labour Saeed Ghani on Saturday said that former President Asif Ali Zardari was not being provided with the necessary treatment facilities. While slamming the federal government, the Provincial Minister said Asi
Published 03 Nov, 2019 12:00am
Rules notified for rehabilitation of sick companies
Stocks

Rules notified for rehabilitation of sick companies

The Securities and Exchange Commission of Pakistan (SECP) with the approval of the federal government has notified the Corporate Restructuring Companies Rules, 2019. The enactment of Rules provided institutional arrangements and legal processes for the re
Updated 04 Nov, 2019 07:20am
PAMA saddened over Yousuf Sherazi death
Business & Economy

PAMA saddened over Yousuf Sherazi death

Pakistan Automotive Manufacturers Association (PAMA) has expressed sorrow and grief over the sad demise of the founder and Chairman of Atlas Group of Companies Yusuf H Shirazi. "It is like an end of an era as Shirazi Saheb is no more with us," said Direct
Published 03 Nov, 2019 12:00am
Attempt to smuggle amphetamine foiled

Attempt to smuggle amphetamine foiled

Pakistan Customs on Saturday foiled an attempt to smuggle amphetamine (heroin) to Saudi Arabia from Jinnah International Airport (JIAP), Karachi. According to details, the staff posted at JIAP intercepted a passenger Amanullah, who was travelling to Madin
Published 03 Nov, 2019 12:00am
Daughters along with their paramour kill father

Daughters along with their paramour kill father

Merciless daughters along with their alleged paramour killed their father and escaped after committing the crime, police said on Saturday. According to detail, tortured body of 50-year-old Muhammad Rahim s/o Abdul Rahim was recovered from fourth floor of
Published 03 Nov, 2019 12:00am