News Archives for Print - 2019-11-06

Print - 2019-11-06

ABAD Chairman warns of illegal, substandard constructions

Mohsin Sheikhani, Chairman Association of Builders and Developers of Pakistan (ABAD) has warned that one million people's lives are at stake due to illegal and sub-standard constructions being carried out by unscrupulous elements in contravention of rules

Published 06 Nov, 2019 12:00am

Stocks

SECP launches Startup Portal to encourage tech innovation

The Securities and Exchange Commission of Pakistan (SECP) has launched an exclusive Startup portal to encourage technology innovation in Pakistan. SECP Commissioner for Information System and Technology Department, Shauzeb Ali inaugurated the portal durin

Published 06 Nov, 2019 12:00am

Government side struggles to discover 'middle ground'

The government negotiating team on Tuesday discussed a proposal of midterm elections after electoral reforms with Rahbar Committee of the opposition political parties, as the two sides agreed to continue talks till the current political standoff arose out

Published 06 Nov, 2019 12:00am

Fazl accuses government of 'damaging' Chinese investment

Jamiat Uleam-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman on Tuesday accused Pakistan Tehreek-e-Insaf (PTI) government of "damaging" billions of dollars Chinese investment made through China-Pakistan Economic Corridor (CPEC).

Published 06 Nov, 2019 12:00am

Stocks

PSX stays vibrant: BRIndex100 flat

Pakistan Stock Exchange Tuesday closed on a positive note on the back of select buying, mainly by local investors.

Updated 06 Nov, 2019 06:37am

Yemen government, southern separatists sign power-sharing deal

Yemen's internationally recognised government signed a power-sharing deal with southern separatists Tuesday, in a Saudi-brokered initiative to end a conflict simmering within the country's civil war. Unrest in the south, which saw secessionist forces seiz

Published 06 Nov, 2019 12:00am

Doing business in Pakistan: Taxation causes general discontent

Due to the current regulatory environment, it is not easy for entrepreneurs to do business in Pakistan, but there is general discontent when it comes to taxation.

Published 06 Nov, 2019 12:00am

PM gives roadmap

Prime Minister Imran Khan on Tuesday said that all indicators of the economy are on positive trajectory despite protests of opposition parties, and also assigned targets to various ministries for the next three months. Briefing media persons on cabinet me

Published 06 Nov, 2019 12:00am

Government-IMF talks to focus on 3 key areas

The policy level discussion, which began on Tuesday between Pakistan and the visiting International Monetary Fund (IMF) Mission, would focus on revenue collection, circular debt and privatization process.

Published 06 Nov, 2019 12:00am

Country's economy: Government paints a happy picture

Minister for Economic Affairs Hammad Azhar has said that better economic policies of Pakistan Tehreek-e-Insaf (PTI) government have started bearing fruit with decrease in current account and fiscal deficits and increase in foreign direct investment, reven

Published 06 Nov, 2019 12:00am

Nepra approves Rs 1.82/unit hike in power tariff

The National Electric Power Regulatory Authority (Nepra) on Tuesday approved Rs 1.82 per unit hike in power tariff for the month of September under monthly fuel adjustment formula.

Published 06 Nov, 2019 12:00am

ASEAN parliamentarians term Kashmir dispute as global issue

The ASEAN parliamentarians have termed Kashmir dispute a global issue and have assured to raise the predicament of Kashmiris at international and regional forums till its resolution. They condemned the Indian oppression against innocent Kashmiris deprivin

Published 06 Nov, 2019 12:00am

Rental power: Out-of-court settlement occurs

Pakistan has reportedly agreed to pay upto $ 165 million to Turkish company M/s Karkey Karaddeniz Electric Uretim for out of court settlement and wind up the case in National Accountability Bureau (NAB), well-informed sources told Business Recorder </i

Published 06 Nov, 2019 12:00am

Reference against judge: President ought to have formed his own opinion: counsel

The counsel for Justice Qazi Faez Isa has said that President Dr Arif Alvi should have formed his own independent opinion before sending reference to Supreme Judicial Council (SJC) in order to insulate the judiciary from the executive.
Published 06 Nov, 2019 12:00am

FBR restructuring after taking stakeholders' nod: Shabbar

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said on Tuesday that restructuring/transformation of FBR will be undertaken after taking into account feedback of all the stakeholders, including Inland Revenue Service and Pakistan Customs Service.
Published 06 Nov, 2019 12:00am

Cotton output may fall by 6m bales

The country's cotton crop production is estimated to decrease by 6 million bales or 32 percent against the target, causing a loss of more than 2 percent of the GDP to the economy for 2019-20.
Updated 06 Nov, 2019 11:14pm

Rs 80 billion refunds stuck, claim APTMA, KCA

Around Rs 80 billion sales tax refunds of textile industry have been stuck due to complicated refund procedure, the representatives of All Pakistan Textile Mills Association (APTMA) and Karachi Cotton Association (KCA) said.
Updated 06 Nov, 2019 11:14pm

Navy test-fires anti-ship missile 'Zarb'

Pakistan Navy test fired land based anti-ship missile 'Zarb' as part of a training exercise from the coastal region. The missile successfully followed its preplanned trajectory and accurately engaged the target at sea. Chief of the Naval Staff, Admiral Za
Published 06 Nov, 2019 12:00am

Contempt notice: Firdous asked to submit affidavit

The Islamabad High Court on Tuesday gave Special Advisor to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan time till Nov 9 to submit a written explanation on why she should not be convicted for committing contempt of court.
Published 06 Nov, 2019 12:00am

Letters
Fazl struggling to preserve reputation, credibility

Maulana Fazlur Rahman has accused Imran Khan of taking power last year with the help of the military. Not only has Imran denied the accusations, the army has also rejected such allegations quite strongly. It was only on Monday that the army put its entire
Published 06 Nov, 2019 12:00am

Articles
European factories at risk in Peugeot-Fiat merger

Fiat Chrysler and Peugeot owner PSA's pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market.
Published 06 Nov, 2019 12:00am

Articles
Saudis scramble to raise cash for Aramco share sale

From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details. After years of delay and false starts, the s
Published 06 Nov, 2019 12:00am

Articles
Promoting culture of political integrity

What happens when a politician writing a law on garbage disposal happens to own shares in a company that specializes in disposing of garbage? Or, if that company has donated millions to the ruling party's election campaign? Or, if it has paid lobbyists to
Published 06 Nov, 2019 12:00am

Playing by the rules

Ever since JUI-F chief Maulana Fazlur Rahman began his 'Azadi March' and a sit-in demanding Prime Minister Imran Khan's resignation, the army has unnecessarily been made part of the political conversation. First, trying to figure out what made the Maulana
Updated 06 Nov, 2019 06:35am

Issues in housing finance

There have always been complaints about the low level of borrowings in the housing sector despite efforts by various governments to incentivize banks to promote lending in this sector. The present government has gone a step further and announced the provi
Updated 06 Nov, 2019 06:16am

NDU war course team calls on Sindh CM

A delegation comprising 230 participants of National Security and War(NDU) Course 2020, led by the Chief Instructor NDU, Major General Inayat Hussain was welcomed at CM's House. The Chief Minister, Sindh welcomed the participants, sharing the unique herit
Published 06 Nov, 2019 12:00am

Train inferno: Senate body moot turns into in-camera session

A meeting of the Senate Standing Committee on Railways was abruptly converted into an in camera meeting when Secretary/Chairman Pakistan Railways Sikandar Sultan Raja expressed displeasure over federal inspector of railways' briefing on a recently train a
Published 06 Nov, 2019 12:00am

Dar's extradition: UK government to consider Pakistan's request on case-to-case basis

Following refusal of Interpol to issue red notice to former finance minister Ishaq Dar, the government has begun to explore the possibility of his extradition from the UK as the UK government had previously stated that it would consider Pakistan's request
Published 06 Nov, 2019 12:00am

Azadi March turned sit-in People suffer owing to restricted entry into Red Zone

The restricted entry to Red Zone which houses all ministries, the apex court, parliament, Federal Board of Revenue and the Diplomatic Enclave which houses most of the embassies in the wake of security arrangements for the ongoing Jamiat Ulema-e-Islam-Faza
Published 06 Nov, 2019 12:00am

US State department's report on terrorism termed disappointing

Pakistan expressed its disappointment over the assertions made in the US State Department's report on terrorism, asserting that the report completely overlooks the factual situation on the ground and the country's tremendous contribution over the last two
Published 06 Nov, 2019 12:00am

Diplomatic row resurfaces between Pakistan and Afghanistan

The diplomatic row between Pakistan and Afghanistan has resurfaced with Kabul expressing its "severe objection and deepest concern over the summoning' of its ambassador by "Inter-Service Intelligence (ISI) and the misconduct" and Islamabad rejecting the a
Published 06 Nov, 2019 12:00am

Senate processings: Opposition stages 'sit-in' against promulgation of ordinances

In an unusual development, the opposition on Tuesday staged a 'sit-in' in the Senate against the government's practice of 'habitually' promulgating the presidential ordinances without consulting the Upper House of the Parliament.
Published 06 Nov, 2019 12:00am

Rear Admiral Faisal Rasul takes over PN's Coastal Command

In an impressive Change of Command Ceremony held here at PNS Qasim , Rear Admiral Faisal Rasul Lodhi took over the command as Commander Coast.
Published 06 Nov, 2019 12:00am

Maha poses no threat to coastal area

There was no threat to any coastal area of the country from the Extremely Severe Cyclonic Storm (ESCS) "Maha" however, fishermen were advised not to venture in deep sea till November 6, said an advisory of Pakistan Meteorological Department (PMD) on Tuesd
Published 06 Nov, 2019 12:00am

Energy
Captive power plants: Sindh energy dept asked to resolve subsidy issue

Sindh High Court (SHC) on Tuesday ordered Sindh energy department to resolve the issue of subsidy to captive power plants in private sector in accordance with the law.
Published 06 Nov, 2019 12:00am

JUI's sit-in about to reach its logical end, says Ismail

Sindh Governor Imran Ismail Tuesday said that the sit-in at the Capital was about to reach its logical end and the federal government is to be credited for ensuring peace.
Published 06 Nov, 2019 12:00am

Taxes
Customs value of children garments revised

Directorate General Customs Valuation (DGCV) has revised the customs values of children garments under sub-section (7) of section 25 of the Customs Act, 1969.
Updated 06 Nov, 2019 06:48am

CM approves appointment secy PPS & PCC

Sindh Chief Minister Syed Murad Ali Shah while presiding over the first meeting of Provincial Public Safety & Police Complaints Commission (PPS&PCC), established under Police Order 220, has approved appointment of Secretary Commission and also issued dire
Published 06 Nov, 2019 12:00am

Jama Cloth Market, Urdu Bazar: KMC begins road carpeting, repairing work worth Rs 80 million

Karachi Metropolitan Corporation (KMC) has kicked-off road carpeting and repairing work around Jama Cloth Market and Urdu Bazar area at a cost of Rs 80 million, Mayor Karachi Wasim Akhtar said.
Published 06 Nov, 2019 12:00am

Congo virus claimed 10 lives in Karachi, Sindh PA told

Sindh Health Minister Dr Azra Fazal Pechuho on Tuesday apprised the Sindh Assembly about the deaths from Congo virus, saying that 33 cases have emerged in the metropolis so far.
Published 06 Nov, 2019 12:00am

Business & Economy
Production plant of KIA completed with Rs 20 billion investment: COO

Chief Operating Officer (COO) of KIA Lucky Motors, Muhammad Faisal has said that production plant of KIA was completed with an investment of 20 billion rupees in record duration of one and a half years.
Published 06 Nov, 2019 12:00am

Business & Economy
Traders voice concern over excessive ratio of property tax

Local traders have complained about issuance of property tax with excessive ratio and property tax notices by provincial Excise and Taxation department and decided they will raise the issue with Chief Minister, relevant ministers and officials for immedia
Published 06 Nov, 2019 12:00am

Energy
GIDC, levy, collection & recovery rules, 2019 await cabinet's nod

The federal government has framed Gas Infrastructure Development Cess (GIDC), levy, collection and recovery rules, 2019, to be implemented, after the approval from the federal cabinet, well informed sources told Business Recorder.
Updated 06 Nov, 2019 06:46am

Business & Economy
PIA launches mobile App for seat reservation

Pakistan International Airlines (PIA), the national flag-carrier, has launched an application to facilitate passengers in online reservation and confirmation of seats through mobile phones.
Published 06 Nov, 2019 12:00am

SW's entry & exit points: SC questions registration of individuals

The Supreme Court on Tuesday questioned the registration of individuals at entry and exit points of South Waziristan.
Published 06 Nov, 2019 12:00am

Siraj slams government for relying on presidential ordinances

Lambasting the Pakistan Tehreek-e-Insaf (PTI) government for bypassing the Parliament and relying on presidential ordinances for legislation, Emir Jamaat-e-Islami (JI) Sirajul Haq on Tuesday said that Prime Minister Imran Khan is behaving like a civilian
Published 06 Nov, 2019 12:00am

Business & Economy
SCCI chief for cementing Pak-Iran trade ties

President of Sarhad Chamber of Commerce and Industry (SCCI), Engr Maqsood Anwar Pervaiz has stressed the need for further cementing trade and economic relations between Pakistan and Iran.
Published 06 Nov, 2019 12:00am

Energy
Alvi urges Swiss companies to invest in profitable energy projects

President Dr Arif Alvi on Tuesday emphasised that the energy demand in Pakistan had created highly profitable opportunities for the Swiss companies to invest in the renewable, hydel and clean technology power generation projects.
Published 06 Nov, 2019 12:00am

General News
ICAET-2019 opens at SAU: Sindh initiates agriculture sector's uplift projects: minister

Sindh Agriculture University, Tandojam organized 1st International conference on Agricultural Engineering and Technology (ICAET-2019).
Updated 06 Nov, 2019 06:46am

General News
'Madadgar 15' to be strengthened: CM approves plan to curb street crimes

In order to control street crimes, Sindh Chief Minister Syed Murad Ali Shah has approved a plan to strengthen 'Madadgar 15' by enhancing its force and equipping them with vehicles, latest gadgets such as tablets and forensic labs so that prompt action cou
Updated 06 Nov, 2019 06:45am

Cotton & Textile
Value-added textile sector demands restoration of zero-rated regime

Value-added textile sector on Tuesday urged Prime Minister Imran Khan to immediately restore zero-rating of sales tax (0%) No Payment No Refund System to save the very export industry.
Updated 06 Nov, 2019 06:44am

Three suspects killed in Quetta

Security forces foiled a bid of terror and killed three suspects and seized a huge quantity of explosive materials and other ammunitions from their possession at Aghbark area of Quetta on Tuesday.
Published 06 Nov, 2019 12:00am

Taxes
Condition of CNIC: SAI for progressive raise in ST's rate

Chairman of Taxation Committee of SITE Association of Industry (SAI), Saud Mehmood has suggested that input tax inadmissibility against sales made without CNIC be replaced with progressive increase in rate of further sales tax. He proposed new formula to
Updated 06 Nov, 2019 06:43am

Illegal appointment: NAB summons OGDCL officials today

National Accountability Bureau (NAB) has summoned managing director (MD) of Oil and Gas Development Company (OGDCL) and its board members in illegal appointment at executive management level in the OGDCL case.
Published 06 Nov, 2019 12:00am

Energy
K-Electric's 108th AGM held

K-Electric (KE) held its 108th Annual General Meeting (AGM) - FY 2018, at a local hotel in Karachi. The meeting was chaired by Ikram Sehgal, Chairman KE Board, with Moonis Alvi, CEO K-Electric also in attendance, along with Aamir Ghaziani, CFO; Rizwan Dal
Published 06 Nov, 2019 12:00am

Business & Economy
KCCI chief voices concern over dog-biting cases in Karachi

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged the local administration to expedite the action against thousands of stray dogs in almost all the areas of Karachi where dozens of masses, particularly kids and senio
Published 06 Nov, 2019 12:00am

Business & Economy
Significant progress made on ML-1 project: minister

Federal Minister for Planning, Development and Reform Khusro Bakhtyar has said that significant progress has been made on ML-1 project of Pakistan Railways of $ 9 billion and it has been decided to speed up work on it to launch groundbreaking in the next
Published 06 Nov, 2019 12:00am

International moot on molecular sciences at PU today

Punjab University will organize an international conference on "Recent Innovations in Molecular Sciences" today at Faisal Auditorium.
Published 06 Nov, 2019 12:00am

'Weaving City' planned for Faisalabad

The public-private partnership (PPP) policy and monitoring board in its maiden meeting held here on Tuesday with Punjab chief minister Sardar Usman Buzdar in the chair, accorded approval for the implementation on mega projects and appointment of Dr Muhamm
Published 06 Nov, 2019 12:00am

Export Finance Scheme: Rice exporters fear funds unavailability to badly affect exports

Rice exporters fear that unavailability of financing under Export Finance Scheme (EFS) and higher interest rates on loans from the commercial banks may lead to rendering them uncompetitive in the international market thus making a big dent on the exports
Published 06 Nov, 2019 12:00am

Diamer Bhasha, Mohmand dams' construction to start soon: Wapda chief

The Pakistan Water and Power Development Authority (Wapda) Chairman Lt-Gen Muzammil Hussain (retd) said that Wapda is committed to constructing Mohmand and Diamer Basha dams as early as possible. Expressing satisfaction over the pace of development on Moh
Published 06 Nov, 2019 12:00am

Guru Nanak paid rich tributes

Speakers at a seminar held at the Lahore Arts Council on Tuesday paid rich tributes to late Sufi saint Baba Guru Nanak and highlighted his thoughts, wisdom and history.
Published 06 Nov, 2019 12:00am

Governor slams opposition's attempt to malign army

Governor Punjab Chaudhry Mohammad Sarwar on Tuesday said that opposition's attempt to make Pak Army controversial for achieving political interests was against the national security and solidarity.
Published 06 Nov, 2019 12:00am

Medical Board suggests Nawaz's genetic test to diagnose illness

Former prime minister Nawaz Sharif has been discharged from the Services Hospital where he was under treatment for the last two weeks.
Published 06 Nov, 2019 12:00am

Punjab government takes steps to control unjustified price hike: minister

Punjab Minister for Excise & Taxation Hafiz Mumtaz Ahmad has said the Punjab Govt. had taken concrete steps to control the unjustified price hike of essential commodities in the Province.
Published 06 Nov, 2019 12:00am

Punjab cabinet okays amendments to LG Act 2019

The Punjab Cabinet on Tuesday approved amendments in Punjab Local Government Act 2019, under which taking part in local bodies' elections will only be permitted through political party or electoral panel.
Published 06 Nov, 2019 12:00am

Money & Banking
FCIBL holds corporate briefing session

First Credit and Investment Bank Ltd (FCIBL) held an informative corporate briefing session for investors and analysts at the auditorium of the Pakistan Institute of International Affairs, Karachi on October 25, 2019.
Updated 06 Nov, 2019 06:44am

IT & Computers
RapidCompute first cloud service provider to be GDPR compliant

RapidCompute, a Pakistani leading cloud service provider, has become Pakistan's first cloud service provider to be General Data Protection Regulation (GDPR) compliant.
Updated 06 Nov, 2019 06:58am

Visa introduces suite to help prevent payment fraud

Visa launched a suite of innovative security capabilities to help prevent and disrupt payment fraud, breaking new ground in cyber security and fraud prevention across Central & Eastern Europe, Middle East and Africa (CEMEA) at the Visa CEMEA Security Summ
Published 06 Nov, 2019 12:00am

Money & Banking
July-September period: Government procures $514.55m from foreign banks: EAD

The government procured $514.55 million from foreign commercial banks (around 25 percent) of total external loans of $2.075 billion in the first three months (July-September) of 2019-20 and 50 percent more than the comparable period of last year ($1.042 b
Updated 06 Nov, 2019 06:44am

Stocks
Capital market: Brokers seek law for restoring concept of 'security'

PSX Stock Brokers Association has approached the Tax Reforms Implementation Committee and the Federal Board of Revenue (FBR) seeking introduction of a special legislation to restore the concept of the term "security" at the stock exchange, as the FBR's fi
Updated 06 Nov, 2019 06:53am

Brief Recordings
Siddiqsons Tin Plate Limited

Siddiqsons Tin Plate Limited (PSX: STPL) was incorporated in Pakistan on January 1996 as public company limited under the now repealed Companies Ordinance, 1984.
Updated 06 Nov, 2019 06:20am

Iran says to resume enrichment

President Hassan Rouhani said Tuesday that Iran would resume uranium enrichment at an underground plant south of Tehran in its latest step back from a troubled 2015 agreement with major powers. The suspension of all enrichment at the Fordow plant in the m
Published 06 Nov, 2019 12:00am

Trump Jr releases provocative book defending father

Donald Trump Jr. released a book Tuesday that rails against the left as he admitted he had caught the political bug and may consider running for office in the future.
Published 06 Nov, 2019 12:00am

Strong 6.0 earthquake strikes Chile

A strong 6.0-magnitude earthquake shook Chile on Monday, rattling buildings in the capital while a big anti-government demonstration was under way.
Published 06 Nov, 2019 12:00am

Turkey, Russia carry out new joint patrol in Syria

Turkish and Russian forces carried out another joint patrol in northern Syria on Tuesday, while President Recep Tayyip Erdogan said Kurdish militants had yet to completely withdraw from the region. "The second joint patrol... began in the region of Ayn al
Published 06 Nov, 2019 12:00am

Trump calls for 'war' on cartels as nine US Mormons murdered in Mexico

US President Donald Trump offered Tuesday to help Mexico "wage war" on its cartels after three women and six children from an American Mormon community were murdered in an area notorious for drug traffickers.
Published 06 Nov, 2019 12:00am

Mounting toll in Iraq protests as internet cut again

A mounting death toll in Baghdad and across southern Iraq coupled with renewed internet restrictions sparked fears Tuesday that anti-government protests would once again trigger chaos.
Published 06 Nov, 2019 12:00am

IT & Computers
Facebook steps up monitoring for Taiwan elections

Facebook vowed Tuesday to step up monitoring for any attempt to use its platform to meddle in Taiwan's elections as the island's authorities say they face growing interference from China.
Published 06 Nov, 2019 12:00am

Social media disinformation, surveillance growing

Governments around the world are increasingly using social media to manipulate elections and monitor their citizens, in a worrisome trend for democracy, a human rights watchdog said Tuesday.
Updated 06 Nov, 2019 06:37am

Dismay as US formally starts pullout from Paris climate accord

The United States has formally notified the United Nations that it is withdrawing from the Paris climate accord, triggering expressions of concern and regret from other major powers on Tuesday.
Published 06 Nov, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,335.
Published 06 Nov, 2019 12:00am

Commodities
Canadian canola futures rise

ICE Canadian canola futures rose on Monday, boosted by stronger US soyaoil prices. Canola crushers are buying canola futures and selling soyaoil and soy meal futures to lock in profitable crush margins, Exceed Grain Marketing analyst Wayne Palmer said.
Published 06 Nov, 2019 12:00am

Commodities
CBOT wheat futures fall on firmer US dollar

Chicago Board of Trade (CBOT) wheat futures retreated on Monday, weighed down by a firmer US dollar and spillover pressure from falling corn prices, traders said.
Published 06 Nov, 2019 12:00am

Commodities
Euronext wheat futures fall to 4-week low

Euronext wheat fell to a near four-week low on a drop in Chicago futures and a pause in a Russian price rally, although physical premiums in France and Germany held steady with traders upbeat about exports. December milling wheat, the most active position
Published 06 Nov, 2019 12:00am

Commodities
China's iron ore futures edge down

Iron ore futures in China, the world's top consumer of the steelmaking raw material, and in Singapore edged down on Monday after miner Vale SA got approval to resume activities at a major mine in Brazil.
Published 06 Nov, 2019 12:00am

Business & Economy
Activities at Karachi and Qasim Ports

The Karachi Port handled 91,142 tonnes of cargo comprising 66,744 tonnes of import cargo and 24,398 tonnes of export cargo including 3,404 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 06 Nov, 2019 12:00am

Cotton & Textile
Firm trend seen for rising demand of best quality cotton

Steady trend was seen on the cotton market on Tuesday in the process of improved trading activity, dealers said.
Updated 06 Nov, 2019 06:53am

Commodities
CBOT soyabean futures higher on US-China trade hopes

Chicago Board of Trade (CBOT) soyabean futures edged higher on Monday on renewed hopes of progress in US-China trade talks and spillover support from rising soyaoil prices, which rallied along with the crude oil market, traders said.
Published 06 Nov, 2019 12:00am

Money & Banking
Dollar up against yen in Asia

The US dollar advanced against the yen on Tuesday thanks to growing optimism the United States and China are on the verge of reaching a preliminary agreement to scale back their bruising trade war.
Published 06 Nov, 2019 12:00am

Money & Banking
Trade-oriented units surge in Europe

Trade-oriented currencies including the Australian dollar surged on Tuesday, with the Chinese currency poised for its biggest daily jump in nearly three months on increasing signs that Beijing and Washington are inching closer to a trade deal.
Updated 06 Nov, 2019 06:54am

Money & Banking
Early trade in New York: Safe-haven yen, Swiss franc fall

The safe-haven yen and Swiss franc slid on Tuesday, as growing signs the United States and China are inching closer to a trade deal boosted risk appetite and spurred investors to seek higher-yielding currencies.
Updated 06 Nov, 2019 06:54am

Money & Banking
Dollar rises across the board in New York

The dollar rose on Monday, after five straight days of losses, with investors more guarded despite increased risk appetite that pushed US stocks and Treasury yields higher on hopes of a US-China trade deal.
Updated 06 Nov, 2019 06:54am

Money & Banking
Aussie, kiwi inch up

The Australian and New Zealand dollars edged higher on Tuesday amid some signs of progress in the Sino-US trade talks while the Aussie got a small lift as the country's central bank skipped a chance to cut interest rates.
Published 06 Nov, 2019 12:00am

Money & Banking
Asian forex: Chinese yuan, peso lead gains

Asian currencies pulled ahead slightly on Tuesday as growing signs of progress in Sino-US trade talks raised hopes of an imminent preliminary deal in a long-running tariff dispute that has whipsawed financial markets over the past year.
Published 06 Nov, 2019 12:00am

Money & Banking
EU to look into issuing public digital currency

The European Central Bank should consider issuing a public digital currency, an EU draft document said, after plans by Facebook to introduce a private one met with a hostile response from global regulators.
Published 06 Nov, 2019 12:00am

Money & Banking
Sterling stays rangebound

The British pound drifted higher against the euro on Tuesday but stayed within recent trading ranges after survey data showed Britain's services sector stagnated last month due to concerns about Brexit.
Published 06 Nov, 2019 12:00am

Other
European champions Saracens hit with heavy sanctions over salary cap

English and European champions Saracens have been docked 35 points and fined over £5 million ($6.5 million) for breaching the Premiership Rugby salary cap over several seasons, Premiership Rugby announced on Tuesday.
Published 06 Nov, 2019 12:00am

Other
PCF to boycott National Games

Pakistan Cycling Federation (PCF) termed cycling event in the upcoming 33rd National games as illegal and announced to boycott it.
Published 06 Nov, 2019 12:00am

Cricket
Finch named as Northern Superchargers skipper

Australia's One Day International captain Aaron Finch is to be skipper of The Northern Superchargers for the inaugural edition of The Hundred, the franchise announced on Tuesday.
Published 06 Nov, 2019 12:00am

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

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KSE-100 gains over 3% as buying returns to PSX

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

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