News Archives for Print - 2019-11-07

Print - 2019-11-07

Issuance of LoS for 11 wind power projects approved

The Alternative Energy Development Board (AEDB) Wednesday accorded approval to the issuance of LoS for 11 wind power projects falling under the category-II under the Cabinet Committee on Energy.

Published 07 Nov, 2019 12:00am

Pakistan Raises: Revenue Project; WB updates Hafeez on its assistance

The World Bank Wednesday updated Adviser on Finance Dr Abdul Hafeez Shaikh on its assistance under Pakistan Raises Revenue Project being provided to harmonize the sales tax across Pakistan, raise tax-to-GDP ratio to 17 percent by 2023-2024 and widen tax n

Published 07 Nov, 2019 12:00am

Parliamentarians urge IMF to soften conditionalities

The parliamentarians want the International Monetary Fund (IMF) to soften its conditionalies of the ongoing programme because tough terms and conditions have triggered inflation and reduced investment and employment opportunities with grave consequences o

Published 07 Nov, 2019 12:00am

October CPI inflation up 11.04 percent YoY

The Consumer Price Index (CPI) based general inflation from October 2018 to October 2019 rose by 11.04 percent on year-on-year (YoY) basis, while on month-on-month (MoM) basis, the CPI in October 2019 against September 2019 increased by 1.8 percent.

Published 07 Nov, 2019 12:00am

Import of used vehicles: Procedure revised by ECC

The Economic Coordination Committee (ECC) of the Cabinet has revised procedure for the import of used vehicles under personal baggage, transfer of residence and gift schemes to clear a total of 1,017 vehicles stuck at Karachi port.

Published 07 Nov, 2019 12:00am

Stocks

PSX extends gains: BRIndex100 advances

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors.

Updated 07 Nov, 2019 06:42am

EU, China agree to protect 100 of each other's regional foods

The European Union and China have agreed to protect 100 European regional food designations, known as geographical indications (GI), in China and 100 Chinese geographical indications in the EU, the EU Commission said on Wednesday.

Published 07 Nov, 2019 12:00am

Government-opposition deadlock persists

The deadlock between the government and the opposition continues to persist on Wednesday despite hectic efforts by the Chaudhry brothers, as JUI-F chief Maulana Fazlur Rehman sticks to his stance on resignation of Prime Minister Imran Khan and fresh elect

Published 07 Nov, 2019 12:00am

Fazl says government will have to withdraw reference against judge

Jamiat Ulema-e-Islam-Fazl Emir Maulana Fazlur Rehman has said that the government will have to withdraw the Presidential Reference filed against Supreme Court Justice Qazi Faez Isa.

Published 07 Nov, 2019 12:00am

Nawaz shifted to Jati Umra

Former prime minister Nawaz Sharif, who remained under treatment here at Services Hospital for 16 days, on Wednesday shifted to his Jati Umra residence where an Intensive Care Unit (ICU) has been established under the supervision of a team of doctors.

Published 07 Nov, 2019 12:00am

SECP proposes new brokers regime

The Securities and Exchange Commission of Pakistan (SECP) has proposed new brokers regime for stock market brokers with financial resource requirements, and divided them into three categories i.e. small-sized brokers (trading only brokers), trading & clea

Published 07 Nov, 2019 12:00am

PM orders action against hoarders, Profiteers

Prime Minister Imran Khan has directed to make administrative steps more effective to curtail hoarders and profiteers.

Published 07 Nov, 2019 12:00am

Credibility of judiciary also rests on its accountability: SC

The Supreme Court on Wednesday stated the credibility of judiciary also rests on its accountability; therefore, there should also be some checks on it.

Published 07 Nov, 2019 12:00am

Militants attack Tajik border post; 17 killed

Masked Islamic State militants attacked a border post on the Tajik-Uzbek border overnight, triggering a gun battle that killed 15 of the militants, a guard and a policeman, Tajik authorities said on Wednesday.

Published 07 Nov, 2019 12:00am

Army non-political institution: DG ISPR

Pakistan Army is a non-political institution and security engagements it's involved in do not allow it to become part of any political activity, the chief military spokesperson said on Wednesday.

Published 07 Nov, 2019 12:00am

Rebuke for Trump in races seen as barometers for 2020 election

Democrats celebrated big election wins in two US states seen as a test of President Donald Trump's strength ahead of the 2020 elections, while Republicans held fast to a governorship in traditionally conservative Mississippi, results showed Wednesday.

Published 07 Nov, 2019 12:00am

Documentation drive: FBR field staff raises certain issues

Prime Minister Imran Khan has approved an ambitious tax reforms plan that includes launching of nationwide tax assessment and documentation drive along with survey of immoveable properties across the country.

Published 07 Nov, 2019 12:00am

Ikram Sehgal quits KE

Ikram Sehgal has resigned as Director and Chairman from the K-Electric Board, citing personal reasons, with an immediate effect.

Published 07 Nov, 2019 12:00am

Various Certificates: CDNS lowers interest rates

The Central Directorate of National Savings (CDNS) Wednesday decreased the interest rate on the investment bonds due to current market situation.

Published 07 Nov, 2019 12:00am

Letters

Kartarpur corridor

This is apropos a Business Recorder editorial "The corridor" carried by the newspaper the other day. All is set to welcome the Sikh pilgrims from across the world, including India, on the occasion of 550th birth anniversary of Baba Guru Nanak Dev.

Published 07 Nov, 2019 12:00am

Articles

Investors left exposed as Trump's SEC gives America Inc helping hand

The United States' top market cop is slowly taking the shackles off corporations. Since becoming head of the Securities and Exchange Commission (SEC) in 2017, Jay Clayton has presided over more than two dozen measures which make life easier for America In

Published 07 Nov, 2019 12:00am

Articles

Dismal saving and investment rates

Much of Pakistan's current economic crisis revolves around the low savings and investment rates. This is the primary reason why Pakistan has been unable to compete with rest of the dynamic Asian region which has recorded phenomenal economic progress in th

Published 07 Nov, 2019 12:00am

Articles

Government for the people: Holy Grail or a right denied?

We are not good at reading tea leaves. We can speculate on Maulana's motives but have no idea what particular 'freedom(s)' Azadi March is in search of.

Published 07 Nov, 2019 12:00am

Electric vehicles

In developed countries, the ratio of emissions of greenhouse gases from vehicles in total volume of environmental pollution is 20 percent but here in Pakistan it is 40 percent. And if not controlled the country's major cities are expected to be as paralyz

Updated 07 Nov, 2019 06:38am

Azhar's flawed narrative continues

The Minister for Economic Affairs Hammad Azhar no doubt tasked to present a defense of the state of the economy amidst rising public clamour against accepting the upfront International Monetary Fund (IMF) conditions, instead of an appropriate phasing that

Updated 07 Nov, 2019 06:24am

Business & Economy

More Japanese firms to start business in Pakistan: CG

"Two to three more Japanese companies will also arrive in Pakistan to start their business units," said Consul General of Japan, Toshikazu Isomura.

Published 07 Nov, 2019 12:00am

PM terms 'Green Pakistan, wildlife preservation' main target

Terming environmental degradation a serious challenge for Pakistan, Prime Minister Imran Khan Wednesday said the government was carrying out a massive programme to protect the country having diversity of 12 natural ecological zones.

Published 07 Nov, 2019 12:00am

PPP submits application: Zardari seeks access to doctors of his choice

Pakistan Peoples Party (PPP) on Wednesday submitted an application to the superintendent Adiala Jail to allow former president Asif Ali Zardari to get examined by his personal private doctors and medical experts of his own choice for treatment of his vari

Published 07 Nov, 2019 12:00am

'Azadi March' turns into 'hostage march,' says Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Wednesday said the so-called Azadi March of Jamait Ulema-e-Islam-Fazl (JUI-F) had become a 'hostage march' as its participants were being treated like hostages who w

Published 07 Nov, 2019 12:00am

Bilawal asks courts to deliver justice to Benazir

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday questioned that when would his mother and former Prime Minister Benazir Bhutto get justice. The PPP chairperson addressed the Multan Bar Court Association where he said he and his f

Published 07 Nov, 2019 12:00am

Proposed LG system will help empower people: PM

Prime Minister Imran Khan on Wednesday said the new local government system will help empower people.

Published 07 Nov, 2019 12:00am

IHC defers petition seeking disqualification of PML-N MNA

The Islamabad High Court (IHC) Wednesday deferred hearing in a petition seeking disqualification of Member of National Assembly (MNA) Noorul Hassan Tanveer belonging to Pakistan Muslim League-Nawaz (PML-N) for allegedly holding Iqama (work permit).

Published 07 Nov, 2019 12:00am

Dar owned a house in Gulberg Lahore before joining politics, AC informed

The Accountability Court hearing a corruption reference against former finance minister Ishaq Dar was informed by National Accountability Bureau (NAB) investigation officer (IO) on Wednesday that the main suspect had owned a house in Guberg Lahore before

Published 07 Nov, 2019 12:00am

Diplomatic corps briefed on Kartarpur corridor's opening

Foreign Secretary Sohail Mahmood on Wednesday briefed the diplomatic corps regarding Pakistan's initiative of opening the Kartarpur Sahib Corridor, Foreign Office said.

Published 07 Nov, 2019 12:00am

No consensus yet: CEC's retirement only a month away from now

The Election Commission of Pakistan (ECP) would become dysfunctional from 8 December as the Chief Election Commissioner (CEC) is retiring on 7 December unless there is a consensus on his replacement between Prime Minister Imran Khan and Leader of the Oppo

Published 07 Nov, 2019 12:00am

Physical activities help reduce mental illnesses: expert

According to most recent study in Pakistan, 76.7 percent of women in menopausal stage reported depression, 71.8 percent reported anxiety and 75.4 percent reported irritability.

Published 07 Nov, 2019 12:00am

Energy

KE vows to invest $3 billion in next four years

K-Electric (KE) is committed towards Karachi and its growth with an investment of USD 3 billion over the next four years across the value chain.

Published 07 Nov, 2019 12:00am

Taxes

New units of measurements: Customs revise valuation rulings for 970 imported items

Pakistan Customs has revised valuation rulings for 970 imported items as per new units of measurements.

Published 07 Nov, 2019 12:00am

Taxes

RTO Benami zone seeks defaulters' details

The Benami zone of the Regional Tax Office (RTO) has sought details of bank defaulters involved in purchase of Benami properties from loans. Sources said there is sufficient evidence of Benami owners involved in bank defaults. Accordingly, the zone has de

Updated 07 Nov, 2019 06:42am

PTI tables resolution against SSWMB in Sindh PA

Pakistan Tehreek-e-Insaf's Member of Sindh Assembly Bilal Ghafar on Wednesday submitted a resolution in provincial assembly on failure of Sindh Solid Waste Management Board (SSWMB).

Published 07 Nov, 2019 12:00am

IBA, Saaya Health conduct session on mental health

IBA Karachi's Human Resources (HR) department in collaboration with Saaya Health conducted a session to focus on the mental wellbeing of the Institute's students, staff and faculty.

Published 07 Nov, 2019 12:00am

Energy

Karachi industries: Prime Minister urged to direct SSGC to ensure smooth supply of gas

Chief Coordinator, Karachi Industrial Forum (KIF), Muhammad Jawad Bilwani has urged Prime Minister Imran Khan to direct Sui Southern Gas Company (SSGC) to ensure uninterrupted supply to industries in Karachi.

Published 07 Nov, 2019 12:00am

Widespread rain-thunderstorm forecast for Islamabad

Islamabad is likely to receive a widespread rain-thunderstorm on Thursday while the country's mountainous snowfall wand plains hailstorm, the Met Office on Wednesday.

Published 07 Nov, 2019 12:00am

Business & Economy

Dr Ishrat highlights problems hindering economic growth

Poverty, income inequality, regional disparity and illiteracy are four key problems, hindering Pakistan's economic growth and Islamic Banking can play a key role to address these challenges, said Dr Ishrat Hussain, Advisor to PM on Institutional Reforms a

Published 07 Nov, 2019 12:00am

Pak-Qatar JC session held in Doha: need for long-term, sustainable partnership on equal footing stressed

The fifth session of Pakistan-Qatar Joint Commission, co-chaired by Minister of Commerce and Industry Ali bin Ahmed al Kuwari and Minister for Energy (Petroleum Division) of Pakistan Omar Ayub Khan, was held in Doha on November 4-5, 2019.

Published 07 Nov, 2019 12:00am

UNDP partners with Byco Petroleum to conserve water

United Nations Development Programme (UNDP) & Byco Petroleum Pakistan Limited (BPPL) have signed an MOU to undertake Water Conservation initiatives by saving the water that is wasted, at Car Wash Stations, by re-using it. UNDP has developed an indigenous

Published 07 Nov, 2019 12:00am

Energy

Thar Foundation focuses on conservation of vulture

Thar Foundation - the CSR arm of Sindh Engro Coal Mining Company (SECMC) - and International Union for Conservation of Nature (IUCN) along with Baahn Beli showcased their conservation efforts in Tharparkar at the Asian Regional Forum on Conservation here

Updated 07 Nov, 2019 06:48am

Cotton & Textile

Cotton yield target likely to be revised down

The government is likely to revise down country's cotton production target of 10.2 million bales for the current season 2019-20 owing to increased moisture level in the produce following recent rains which will further deteriorate cotton lint quality.

Published 07 Nov, 2019 12:00am

Over 200 awarded degrees at NUST combined convocation

More than 200 graduates were awarded Bachelor's, Master's and PhD degrees in the disciplines of Chemical Engineering, Materials Engineering, Architecture and Industrial Design at the combined convocation of NUST School of Chemical & Materials Engineering

Published 07 Nov, 2019 12:00am

Money & Banking

BankIslami and CDC sign MoU for EPM services

The MoU signing ceremony was held on 04-11-19 at CDC House between BankIslami Pakistan Limited & Central Depository Company - CDC whereby both institutions have entered into an arrangement for implementation of CDC's Efficient Payment Mechanism (EPM) via

Updated 07 Nov, 2019 06:48am

Business & Economy

Nespak gets ADB-funded Balochistan's water sector project

National Engineering Services Pakistan (NESPAK) Private Limited has won project design, construction supervision and implementation support of the ADB-funded Balochistan Water Resources Development Sector Project (BWRDSP) through national competitive bidd

Published 07 Nov, 2019 12:00am

Knowledge a power for socio-economic development: Dr Atta

Former Higher Education Commission ( HEC) chairman and Vice Chairman of Prime Minister Task Force on Technology Driven Knowledge Economy Prof Dr Atta ur Rehman has said that knowledge is key driver for socio-economic development of any country and our uni

Published 07 Nov, 2019 12:00am

Telecommunication

itel Pakistan sign contract with Airlink Communications

An official contract signing ceremony between itel Pakistan and Airlink Communications was held at a local hotel in Lahore. The contract was signed by the CEO of itel Pakistan, Zeeshan Yousuf and CEO Airlink Communications, Muzaffar H. Paracha.

Published 07 Nov, 2019 12:00am

Money & Banking

ADB officials calls on Dr Salman

Asian Development Bank Country Director Ms Xiaohong Yang called on Advisor to Chief Minister on Economic Affairs, Planning & Development Dr Salman Shah and appreciated the efforts of Punjab government for facilitating public-private partnerships in the pr

Published 07 Nov, 2019 12:00am

Nawaz Sharif is out of danger: Dr Yasmin

Diabetes, blood pressure level and heartbeat of Nawaz Sharif have improved and overall health condition of Nawaz Sharif is out of danger, provincial Health Minister Dr Yasmin Rashid, said.

Published 07 Nov, 2019 12:00am

Eid Milad-un-Nabi celebrations: 'Over 62,000 cops to be deployed in Punjab'

Over 62,000 police officials including 404 gazetted officers, 923 inspectors, 2,734 sub-inspectors, 5,058 ASIs, 4,081 head constables, 40451 constables, 7,953 volunteers and 670 special police officials will be deployed across the province for the securit

Published 07 Nov, 2019 12:00am

Buzdar approves launch of 'Motorbikes Ambulance Service'

Punjab Chief Minister Sardar Usman Buzdar has accorded approval to the launch of motorbikes ambulance service in all the districts of the province of Punjab in a phased manner.

Published 07 Nov, 2019 12:00am

Business & Economy

PIAF lauds govt's efforts in getting Karkey case settled

The Pakistan Industrial and Traders Association Front (PIAF) have appreciated the government efforts for settling the Karkey case, avoiding a penalty of $1.2 billion, asking the authorities to also resolve the Reko Diq case.

Published 07 Nov, 2019 12:00am

Telecommunication

Oppo to launch Qualcomm-powered 5G smartphone

China Telecom, China Mobile and China Unicom, China's three major Chinese carriers debuted 5G service packages on October 31st, marking the official commercialization of 5G in the country.

Published 07 Nov, 2019 12:00am

Articles

Partly Facetious : It's not Minglish but English

"I am going to be profound and..."

Published 07 Nov, 2019 12:00am

Business & Economy

Pak, China satisfied over progress on $9.2 billion ML-1 project under CPEC

Pakistan and China have expressed satisfaction over the progress on the $9.2 billion Main Line (ML-1) project under the China-Pakistan Economic Corridor (CPEC), which would be initiated next year.

Published 07 Nov, 2019 12:00am

Rise in power tariff termed 'injustice'

Kissan Board Pakistan (KBP) Central President Chaudhry Nisar Ahmad reacting to a fresh increase in the electricity tariff has termed it as an injustice to the consumers.

Published 07 Nov, 2019 12:00am

Stocks

SECP introduces 'trading only brokers' concept for expanding investor base

The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that small and medium sized brokerage houses, alongside large ones, have a c

Published 07 Nov, 2019 12:00am

Sindh government accuses Irsa of discrimination

Sindh government on Wednesday hurled serious charges of discrimination against Indus River System Authority (Irsa) in water distribution and urged withdrawal of No Objection Certificate (NOC) of the proposed 25MW Hydropower Project on Chashma Jehlum Link

Published 07 Nov, 2019 12:00am

Brief Recordings

Gharibwal Cement

Gharibwal Cement (PSX: GWCL) was incorporated in 1961 and has since been operating in the district of Chakwal in the province of Punjab. It is a fairly small cement manufacturer with the current capacity of 2 million tons mainly supplying to northern dome

Updated 07 Nov, 2019 06:13am

Former UAW leader, GM director charged in bribery probe

US prosecutors Wednesday charged a former United Auto Workers official who served on the GM board with money laundering as part of a broadening criminal probe into the union's activities.

Updated 07 Nov, 2019 06:50am

Four tourists among 8 wounded in Jordan stabbing

Eight people, including four tourists, were wounded in a knife attack on Wednesday at the famed archeological site of Jerash in northern Jordan, a security spokesman told AFP.

Updated 07 Nov, 2019 07:18am

Head of UN Palestinian agency resigns

The head of the UN agency for Palestinian refugees has resigned amid an internal probe into alleged mismanagement and ethical abuses at the organization, the United Nations said Wednesday.

Updated 07 Nov, 2019 07:18am

Nepal cries foul over new India map

Nepal on Wednesday objected to a new map released by India that places the disputed area of Kalapanio Kathmandu.

Published 07 Nov, 2019 12:00am

Russia strikes kill six civilians in Syria

Air strikes by regime ally Russia killed six civilians in an embattled anti-government bastion in northwestern Syria Wednesday, a Britain-based war monitor said.

Updated 07 Nov, 2019 07:59am

China launches Sudan's first ever satellite

Sudan's first ever satellite for conducting research in military, economic and space technology has been launched by China, the northeast African country's ruling body said Tuesday. General Abdel Fattah al-Burhan, who heads Sudan's sovereign council, anno

Updated 07 Nov, 2019 07:53am

World Bank urges Lebanon to form government, warns of recession

The World Bank urged protest-hit Lebanon on Wednesday to form a new government quickly, warning of the threat of an economic downturn that would deepen poverty and worsen unemployment.

Published 07 Nov, 2019 12:00am

Lufthansa cancels 1,300 flights over strike

Lufthansa said Wednesday it was scrapping 1,300 flights as German cabin crew pressed ahead with a two-day strike, plunging passengers into travel chaos amid an escalating row over pay and conditions.

Published 07 Nov, 2019 12:00am

Xi, Macron unite on climate

Chinese leader Xi Jinping and French President Emmanuel Macron declared on Wednesday that the Paris climate pact was "irreversible", showing a united front after Washington formally withdrew from the accord this week.

Updated 07 Nov, 2019 07:57am

Commodities

CBOT soyabean futures ease on advancing US harvest

Chicago Board of Trade (CBOT) soyabean futures eased on Tuesday, pressured by an advancing US harvest and improved planting weather in South America, traders said.

Published 07 Nov, 2019 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,340. The traded value of Metals, Energy and COTS/FX was recorded at PKR 5.517 billion and the numbers of lots traded 7,309.

Published 07 Nov, 2019 12:00am

Commodities

Russian wheat prices fall for first time since September

Russian wheat prices fell last week for the first time since early September, following global market trends, industry analysts said.

Published 07 Nov, 2019 12:00am

Commodities

Canadian canola futures down

ICE Canadian canola futures eased on Tuesday pressured by weakness in US soya markets.

Published 07 Nov, 2019 12:00am

Energy

China's coking coal rises on fresh import curbs

Coking coal futures in China gained the most in four weeks on Tuesday amid market talks about fresh import curbs on the steelmaking raw material, following brisk purchases in recent months by the world's biggest coal buyer and consumer.

Published 07 Nov, 2019 12:00am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 172,060 tonnes of cargo comprising 99,448 tonnes of import cargo and 72,612 tonnes of export cargo including 7,567 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 07 Nov, 2019 12:00am

Cotton & Textile

Cotton market: Cautious buying by mills as prices fall slightly

Prices came down on the cotton market on Wednesday in the process of subdued trading activity, dealers said.

Published 07 Nov, 2019 12:00am

Commodities

Paris wheat futures rise from four-week low

European wheat futures in Paris rose on Tuesday from a four-week low a day earlier as the sale of French wheat in Egypt's latest tender confirmed the country's favourable export prospects.

Published 07 Nov, 2019 12:00am

Money & Banking

Dollar up against safe-haven currencies in Asia

The dollar held the upper hand against its rivals on Wednesday, particularly versus traditional safe-haven currencies, on rising hopes for a US-China trade deal and a string of solid US economic data.

Published 07 Nov, 2019 12:00am

Money & Banking

Dollar down against majors in Europe

The dollar drifted lower against other major currencies on Wednesday as investors awaited fresh developments in the US-China trade talks. As the United States and China work to narrow their differences enough to sign a "phase one" trade deal as early as t

Published 07 Nov, 2019 12:00am

Money & Banking

Early trade in New York: Dollar index inches down, softer against yen, euro

The dollar drifted lower Wednesday, with the market in consolidation mode, as investors sought more clarity about ongoing US-China trade negotiations.

Published 07 Nov, 2019 12:00am

Money & Banking

Safe-haven yen, Swiss franc slide in New York

The safe-haven yen and Swiss franc slid against the dollar 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.

Published 07 Nov, 2019 12:00am

Money & Banking

Second US law firm plots London forex class action

US law firm Hausfeld plans to battle Scott & Scott for a high-profile London class action against major banks over alleged foreign exchange (forex) rigging, a London court heard on Wednesday.

Updated 07 Nov, 2019 06:59am

Money & Banking

Aussie, kiwi ease

The Australian and New Zealand dollars eased on Wednesday as their US counterpart got a lift from rising Treasury yields, while the kiwi took an extra knock from a mixed set of jobs data.

Updated 07 Nov, 2019 07:01am

Money & Banking

Asian forex: Thai baht dips, others lower

The Thai baht extended losses on Wednesday after an interest rate cut by the Thai central bank, while most other Asian currencies dipped as markets awaited concrete details on China-US tariff concessions.

Updated 07 Nov, 2019 06:59am

Money & Banking

Sterling flat against dollar, euro

The pound was neutral on Wednesday as investors calculated the risks the upcoming general election poses to Britain's ability to complete its exit from the European Union before Jan. 31, its latest departure deadline.

Published 07 Nov, 2019 12:00am

Football

Chelsea, Ajax and Liverpool win, Barca stumble

Jorginho scored two penalties as Chelsea came roaring back from 4-1 down to draw 4-4 with nine-man Ajax in a Champions League classic on Tuesday, while holders Liverpool claimed a narrow victory and a stuttering Barcelona were held.

Published 07 Nov, 2019 12:00am

Cricket

PCB discusses domestic set up with SSGC management

A high-powered Pakistan Cricket Board (PCB) delegation led by its Chairman Ehsan Mani called on Mohammad Wasim, Acting Managing Director, SSGC and his top management at the Company Head Office.

Published 07 Nov, 2019 12:00am

Other

Russian anti-doping chief attacks 'destructive' data doctoring

Russia's anti-doping tzar Yuri Ganus on Wednesday blasted the "irresponsible and destructive actions" of Moscow authorities he accuses of doctoring key data handed over to the World Anti-Doping Agency.

Published 07 Nov, 2019 12:00am

Other

Women's boxing icon Adams retires

Two-time Olympic champion Nicola Adams, regarded as the pathfinder for women's boxing, is to retire because of fears about her sight, the Briton announced on Wednesday.

Published 07 Nov, 2019 12:00am

Cricket

Hope, Chase power Windies to ODI win in smog-hit Lucknow

Shai Hope and Roston Chase struck half-centuries to power West Indies to a seven-wicket win over Afghanistan in the first one-day international in smog-hit Lucknow on Wednesday.

Published 07 Nov, 2019 12:00am

Football

Australia's women footballers get landmark equal pay deal

Women footballers playing for Australia's national team will earn the same as their male counterparts under a deal unveiled Wednesday and hailed as landmark for gender equality in sport.

Published 07 Nov, 2019 12:00am

Football

Iraq proposes Jordan as venue for qualifiers amid protests

Iraq has proposed Jordan to host its 2022 World Cup and 2023 Asia Cup qualifiers this month, after FIFA requested an alternative venue because of ongoing protests, officials said Wednesday.

Published 07 Nov, 2019 12:00am

Other

Aquafina Polo Cup: Total Nutrition, Guard Group earn victories

Total Nutrition and Guard Group registered victories in the Aquafina Polo Cup 2019 matches played here at the Lahore Polo Club (LPC) ground on Wednesday.

Published 07 Nov, 2019 12:00am

Global Business Economy

South Africa investment summit draws few foreign pledges

South African President Cyril Ramaphosa secured about 200 billion rand ($13.5 billion) of new investment pledges on Wednesday, saying these would spur economic growth and reduce unemployment, but foreign firms made few commitments.

Updated 07 Nov, 2019 07:57am

Global Business Economy

BMW boosts Q3 profits

German carmaker BMW said Wednesday it was on track to hit performance targets for 2019 despite "difficult conditions", after the third quarter brought rising sales and profits.

Updated 07 Nov, 2019 07:57am

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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