News Archives for Print - 2019-11-09

Print - 2019-11-09

India strips journalist Aatish Taseer of overseas citizenship

An Indian-origin British journalist critical of Prime Minister Narendra Modi has lost his Indian overseas citizenship, a move campaigners said underlined the government's hostility to a free press.

Published 09 Nov, 2019 12:00am

PM to inaugurate landmark Kartarpur Corridor today

Prime Minister Imran Khan will inaugurate the landmark Kartarpur Corridor today (Saturday) to facilitate the Sikh pilgrims from India into Gurdwara Dera Sahib at Kartarpur in Narowal district of Pakistan.

Published 09 Nov, 2019 12:00am

Pakistan maintains weight in MSCI EM Index

MSCI has disclosed the results of its Semi-Annual Review for the MSCI Equity Inexes including MSCI Global Standard Indexes and MSCI Global Small Cap Indexes.

Published 09 Nov, 2019 12:00am

IFIs satisfied with circular debt capping plan

A high-level delegation of International Financial Institutions comprising members from the IMF, the World Bank and the Asian Development Bank appreciated and expressed satisfaction over the effective development of circular debt capping plan.

Published 09 Nov, 2019 12:00am

Real estate agents and jewellers: FBR decides to completely document businesses

Federal Board of Revenue (FBR) has decided to completely document business of real estate agents and jewellers, who would be required to maintain record of actual beneficial owners of immovable properties and jewelry, respectively, and report all suspicio

Published 09 Nov, 2019 12:00am

'Additional consumption': Rs 11.97/unit flat rate announced

The government on Friday announced flat rate of Rs 11.97 per unit of electricity for 'additional consumption' by consumers, aiming at proper utilization of power generation, facilitating the general public in cold weather and giving a boost to industrial

Published 09 Nov, 2019 12:00am

Fiscal prudence needs to be maintained: IMF

The International Monetary Fund (IMF) on completion of mandatory first review of $6 billion Extended Fund Facility (EFF) reached agreement with Pakistani authorities and emphasized that Pakistan needs to maintain fiscal prudence to reduce fiscal vulnerabi

Published 09 Nov, 2019 12:00am

PC asked to fast-track NPPMCL sell-off process

The Economic Coordination Committee (ECC) of the Cabinet has directed the Privatization Commission to fast-track the privatization process of National Power Parks Management Company (NPPMCL), but deferred the decision with regard to adjustment of risk all

Published 09 Nov, 2019 12:00am

Stocks

KSE-100 Index advances: BRIndex100 extends gains

Pakistan Stock Exchange Friday remained positive on the back of healthy buying in various sectors.

Updated 11 Nov, 2019 07:12am

Combined income groups: SPI inflation up 0.57pc WoW

The Sensitive Price Index (SPI) based inflation for combined income groups has witnessed an increase of 0.57 percent during the week ended November 7, 2019 against October 31, 2019 as it jumped from 130.36 points to 131.10 points, Pakistan Bureau of Stati

Published 09 Nov, 2019 12:00am

PM chairs yet another meeting on price hike

The increase in prices of essential commodities continues to be a big challenge for the government and Prime Minister Imran Khan chaired yet another meeting on Friday to reduce prices of essential commodities and provide immediate relief to people.

Published 09 Nov, 2019 12:00am

Monte Paschi derivative trial: Italian court convicts Deutsche Bank, Nomura

An Italian court has convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative deals that prosecutors say helped the Tuscan bank hide losses in one of the country's biggest financial scandals.

Published 09 Nov, 2019 12:00am

Opposition submits no-trust resolution against Suri

A visibly perturbed opposition, which strongly condemned passage of 11 ordinances, on Friday submitted a resolution for no-confidence against Deputy Speaker Qasim Suri under the Article 53(7)(c) of the Constitution.

Published 09 Nov, 2019 12:00am

Imported items: Payment of minimum value addition ST excluded

The Federal Board of Revenue (FBR) has excluded payment of minimum value addition sales tax on imported items falling under Third Schedule (retail price items) of the Sales Tax Act. The FBR has issued a notification here on Friday.

Published 09 Nov, 2019 12:00am

Nawaz may leave for UK anytime soon

As the ailing former prime minister Nawaz Sharif's condition was stated 'critical,' there is possibility that he may leave for London within next 72 hours.

Published 09 Nov, 2019 12:00am

Removal of Nawaz's name from ECL: Shahbaz's plea referred to NAB: Ijaz

Interior Minister Brig Ijaz Shah (retd) has referred Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif's application seeking removal of former prime minister Nawaz Sharif's name from Exit Control List (ECL) to National Accountability Bureau (N

Published 09 Nov, 2019 12:00am

Setting up of CNG outlets: Ogra, PD in row over issuance of provisional licences

The Oil and Gas Regulatory Authority (Ogra) and the Petroleum Division are entangled in a serious tiff over the issuance of new provisional licenses to private and commercial entities across the country for setting up CNG stations.

Published 09 Nov, 2019 12:00am

Damages to charities: New York judge orders Trump to pay $2 million

A New York state judge on Thursday ordered US President Donald Trump to pay $2 million for misusing his namesake charitable foundation, resulting in funds being used to advance his 2016 presidential campaign.

Published 09 Nov, 2019 12:00am

Religious site: Hundreds arrested ahead of Indian SC's verdict

Indian police have arrested more than 500 people ahead of a Supreme Court ruling on a religious site in Ayodhya, media reports said, with authorities fearing the verdict could trigger unrest.

Published 09 Nov, 2019 12:00am

Seat factor goes up with reliability of schedule: PIA's revenue soars over 40pc in 6 months: CEO

Signs of improvement have started to appear in PIA in just one year's time, though there are still many challenges ahead to overcome and many more new heights to achieve. In a video message to the people of Pakistan, PIA CEO Air Marshal Arshad Malik highl

Published 09 Nov, 2019 12:00am

Appointments to govt posts: Dawood says 'NAB factor' scares away 'good people'

Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood Friday said that good people may not be joining the government because of the National Accountability Bureau's factor.

Published 09 Nov, 2019 12:00am

Ministry of Finance strongly reacts to BR editorial

The Ministry of Finance Friday "rebutted" an editorial published in Business Recorder accusing the Minister for Economic Affairs Division Muhammad Hammad Azhar of a "flawed narrative" even as the Minister has discharged his responsibilities as an o

Published 09 Nov, 2019 12:00am

Letters

'Doing business report and beyond - II'

This is apropos a Business Recorder op-ed "Doing business report and beyond-II" carried by the newspaper yesterday. Dr Omer Javed, the writer, has demonstrated a highly professional approach to what actually constitutes the crux of the matter in an

Published 09 Nov, 2019 12:00am

Articles

Why are Republicans hell-bent on exposing Trump whistleblower?

An aggressive push by President Donald Trump's Republican allies to unmask an anonymous whistleblower who ignited the impeachment inquiry could help shore up voter support for Trump, as Congress enters a critical new phase of televised hearings, party off

Published 09 Nov, 2019 12:00am

Short-cutting the Lawmaking

On Thursday, Prime Minister Imran Khan stayed put in his chamber, but kept watching the National Assembly proceedings. His party members didn't disappoint him - they passed as many as 11 bills at supersonic speed of one bill per 150 seconds! No debate, no

Updated 11 Nov, 2019 06:18am

Opposition to FBR's reform plan

It is very rare that the bureaucracy of a country opposes the government's move to overhaul its structure to improve its performance and re-mould its ranks with the needs of the times. Of late, however, some top officials of the Federal Board of Revenue (

Updated 11 Nov, 2019 06:17am

Capital's weary residents endure another round of protests

Patience is wearing thin among some residents of the capital enduring another round of anti-government protests, with tens of thousands of opposition supporters showing no sign of giving up despite the onset of winter rain.

Published 09 Nov, 2019 12:00am

HEC, Huawei Technologies Pakistan organises training for HCIA

The Higher Education Commission (HEC) and Huawei Technologies Pakistan (Pvt.) Ltd jointly organized the first 'Train the Trainers, Training for Huawei Certified ICT Associate (HCIA) on Artificial Intelligence (AI)' here at HEC Secretariat.

Published 09 Nov, 2019 12:00am

PNNCC's maiden meeting held

The Pakistan National Nutrition Coordination Council (PNNCC) held its maiden meeting in Islamabad on Friday. The creation of the council has been hailed internationally, since the Prime Minister chairs the council with six ministers as its members reflect

Published 09 Nov, 2019 12:00am

Detained in Bosnian camp: Government urged to ensure safe return of 4,000 Pakistanis

A parliamentary panel has directed the government to ensure safe return of 4,000 Pakistanis languishing in a detention camp in Bosnia and take serious action against people involved in human trafficking.

Published 09 Nov, 2019 12:00am

Appointments in PWD: Physical remand of two ministry officials extended till November 14

An accountability court on Friday extended physical remand of two officials of Ministry of Housing and Works till November 14 in connection with an ongoing inquiry regarding illegal appointments against senior leader of Jamiat Ulema-e-Islam-Fazl (JUI-F) a

Published 09 Nov, 2019 12:00am

Illegal allotment of welfare plot case: AC permits NAB to file supplementary reference till November 29

The Accountability Court hearing the multibillion rupees fake bank accounts case again granted time to the National Accountability Bureau (NAB) on Friday for filing a supplementary reference in the illegal allotment of a welfare plot case till November 29

Published 09 Nov, 2019 12:00am

New wards open in Jamrud Hospital

New established wards in Jamrud Hospital for Gynae, TB & Chest and Emergency patients on Friday inaugurated in Jamrud Khyber district on Friday. In this connection a simple gathering was organized in which provincial Health Minister Hisham Inamullah was t

Published 09 Nov, 2019 12:00am

Parliamentary business: Opposition flays treasury benches over lack of interest

The opposition on Friday flayed the treasury benches in the Senate for, what it said, their lack of interest towards the Parliamentary business as hostility continued between both the sides in the Upper House of the Parliament.

Published 09 Nov, 2019 12:00am

Minister for avoiding delay in curing dog-bite victims

Provincial Minister for Health and Population Welfare, Dr Azra Fazal Pechuho Friday said that the delay in the treatment of rabid dog-bite cases caused deaths in the province.

Published 09 Nov, 2019 12:00am

Business & Economy

Trade volume: Pak-Sri Lankan businessmen urged to make collective efforts

Consul General of Sri Lanka, G. L. Gnanatheva has stressed that the business communities of Pakistan and Sri Lanka should make collective efforts to improve the trade volume by exploring more trade opportunities and defining a clear roadmap for growth in

Published 09 Nov, 2019 12:00am

KPT land case: SHC approves bail of Kamran Michael

Sindh High Court Friday approved the bail of Kamran Michael, former Federal Minister for Ports & Shipping in illegal allotment of KPT land case.

Published 09 Nov, 2019 12:00am

Furniture, equipment gutted in PTV Karachi centre's fire

Pakistan Television (PTV) Karachi Office caught fire on Friday afternoon. However, no injury or loss of life was reported.

Published 09 Nov, 2019 12:00am

Minister for proper fire safety measures in industrial, commercial areas

Sindh Local Government Minister, Syed Nasir Hussain Shah has said that the provincial government apart from providing support to Karachi Metropolitan Corporation (KMC) to beef up its fire fighting system is also ready to work with industrial zones and com

Published 09 Nov, 2019 12:00am

Ghani asks WWB to ensure transparency in allotment of homes

Sindh Minister for Information, Archives and Labor, Saeed Ghani has asked the Worker Welfare Board (WWB) to ensure transparency in allocating flats and homes to the workers and labourers of the province. He urged the Board to utilize all the resources for

Published 09 Nov, 2019 12:00am

Bilawal accuses PM of destroying country's economy

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto on Friday has said his father and former president Asif Ali Zardari is not being allowed to have medical treatment from private doctors.

Published 09 Nov, 2019 12:00am

Taxes

IRSOA for withdrawing reforms plan

Inland Revenue Service Officers Association's (IRSOA) Sindh chapter has strongly recommended the top guns in Federal Board of Revenue (FBR) to propose the withdrawal of reforms plan which is prepared without taking IRS officers onboard.

Updated 11 Nov, 2019 07:18am

Fazl's reconciliatory overture to democratic forces, establishment

Jamiat Ulema-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman has said that Parliament and executive have been made controversial and the 'mafia' which came into power through 'rigged' elections cannot be accepted anymore in power.

Published 09 Nov, 2019 12:00am

Business & Economy

UBG confident of winning upcoming FPCCI polls

United Businessmen Group (UBG) claimed that they would clean sweep for the fourth consecutive time in the annual elections of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), scheduled to be held on December 27, 2019.

Published 09 Nov, 2019 12:00am

Cotton & Textile

PBIF chief for introducing pest-resistant cotton seed

Pakistan Businessmen and Intellectuals Forum (PBIF) president Mian Zahid Hussain has emphasized the need to introduce pest-resistant cotton seed which can withstand climate change and other problems otherwise all stakeholders will suffer as hundreds of gi

Updated 11 Nov, 2019 07:16am

Business & Economy

Government may give SEZ status to SMEDA

The government is likely to give Special Economic Zones (SEZ) status to Small and Medium Enterprises Development Authority's (SMEDA) excellence parks and tax incentives will be extended, well informed sources told Business Recorder.

Published 09 Nov, 2019 12:00am

Pakistan fulfills its promise about Kartarpur corridor: Sarwar

Governor Punjab Chaudhry Mohammad Sarwar Friday said that Pakistan has fulfilled the promise of Kartarpur Corridor project after foiling Indian conspiracies and lame excuses. Talking to the media, here at Governor House today, he said that India on variou

Published 09 Nov, 2019 12:00am

Taxes

Sales tax evasion: FBR wing conducts raids on unregistered businesses in Faisalabad

The Directorate of Intelligence & Investigation - Inland Revenue, Faisalabad has carried out raids on manufacturing/businesses premises of two unregistered units involved in sales tax evasion.

Updated 11 Nov, 2019 07:16am

Telecommunication

Increase in pension: Senate body adopts report on PTCL's retired employees' issue

The Senate Standing Committee on Information Technology and Telecommunication on Friday adopted the report of the sub-committee on the issue of increase in pension of retired employees of PTCL payable by the Pakistan Telecommunication Employees Trust (PTE

Published 09 Nov, 2019 12:00am

Allama Iqbal's 142nd birth anniversary today

The 142nd birth anniversary of poet-philosopher Dr Allama Muhammad Iqbal is being observed today all over the country with traditional zeal and enthusiasm.

Published 09 Nov, 2019 12:00am

Punjab to set up farmer markets, home delivery system

The Punjab government has decided to set up farmer markets at tehsil level and start home delivery system in five big cities to ensure availability of eatables at fixed prices in the province.

Published 09 Nov, 2019 12:00am

Climate change effects: Sowing of crops-institutional mechanism stressed

The Punjab Chief Minister Sardar Usman Buzdar on Friday said that institutional mechanism should be devised to deal with the climate change effects in sowing of crops while steps should be made for improving capacity of agriculture research institutions.

Published 09 Nov, 2019 12:00am

More exportable surplus in rice possible by introducing machines

Pakistan can easily produce more exportable surplus in rice, without bringing more land under rice cultivation, by just introducing rice transplanters, laser land levelling and Kabuta harvesters as these machines will help increasing farm yields by about

Published 09 Nov, 2019 12:00am

Sindh Assembly adopts law allowing driving licences to people with hearing impairment

The Sindh Assembly on Friday passed 'the Sindh Motor Vehicle (Amendment) Bill 2019' to permit people with hearing impairment to drive freely and obtain license without a fee.

Published 09 Nov, 2019 12:00am

Tezgam fire incident: IHC issues notice to federal government

The Islamabad High Court on Friday issued a notice to the federal government and asked to hold independent inquiry into the Tezgam train fire incident.

Published 09 Nov, 2019 12:00am

Opposition voices concern over role of NA, PA, Senate's custodian

The opposition members of the National Assembly raised serious concerns and objections on Friday over the role of NA speaker, Senate chairman and Punjab Assembly speaker over supporting the ruling party and being part of the negotiation team which is hold

Published 09 Nov, 2019 12:00am

Business & Economy

Graana Group of Company's third office opens

Graana Group of Companies on Friday opened its third office in the country with the commitment to ensure innovation in the real estate sector.

Published 09 Nov, 2019 12:00am

Government won't do politics on health of Nawaz: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan here on Friday said that the government will not do politics on health of former Prime Minister Nawaz Sharif.

Published 09 Nov, 2019 12:00am

Taxes

Refund processing via FASTER: FBR issues guidelines for filing Annex-H

In order to claim sales tax refund processing through the FASTER System, the Federal Board of Revenue (FBR) has issued user guidelines for filing Annex-H of the sales tax return form.

Updated 11 Nov, 2019 07:12am

Bail of PML-N leaders: Petition filed against minister over claim of deal between government, Nawaz

A writ petition has been filed before the Islamabad High Court (IHC) seeking punishment for Federal Minister for Aviation, Ghulam Sarwar Khan, for terming release of former prime minister Nawaz Sharif as a result of 'deal' between the government and Shari

Published 09 Nov, 2019 12:00am

No headway made in govt-opposition talks

The Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman's key demand - either resignation of Prime Minister Imran Khan or fresh elections within two to three months - has caught up the negotiation process, creating a serious deadlock in moving a

Published 09 Nov, 2019 12:00am

Articles

Partly Facetious: A divisive society

"So how is democracy defined in the Land of the Pure?"

Published 09 Nov, 2019 12:00am

'Uncharted territory' as bushfires rage across Australia's east

Australian firefighters warned they were in "uncharted territory" as they struggled to contain more than a dozen out-of-control bushfires across the east of the country on Friday.

Updated 11 Nov, 2019 10:34am

US demands Russia, Syria stop air strikes killing civilians

The United States on Friday demanded that the Syrian government and its Russian allies stop air strikes in northwestern Syria, saying they had a pattern of attacking civilians.

Updated 11 Nov, 2019 10:36am

Kurds hurl rocks at Russian-Turkish Syria patrol

Kurdish protesters hurled rocks Friday at Turkish military vehicles in northeastern Syria during a patrol in which one civilian died when he was run over by a personnel carrier.

Published 09 Nov, 2019 12:00am

Israeli farmers to quit Jordan lands as 25-year lease expires

A deal dating from Israel's historic 1994 peace treaty with Jordan allowing Israeli farmers to lease two sites along their common border runs out Sunday but the tenants say that nobody has told them what happens the day after.

Published 09 Nov, 2019 12:00am

Jackie Chan's trip to Vietnam cancelled over China sea row

Martial-arts film star Jackie Chan's planned visit to Vietnam for a charity has been cancelled following an online backlash related to Beijing's expansive claims in the disputed South China Sea.

Published 09 Nov, 2019 12:00am

EU establishes standalone border force

The EU on Friday formally established its first standalone border force, boosting the Frontex service with a new permanent corps that will number 10,000 officers by 2027.

Published 09 Nov, 2019 12:00am

Mauritius premier claims victory in legislative ballot

Prime Minister Pravind Jugnauth claimed victory Friday in the Mauritius election, with official preliminary results showing his alliance taking a comfortable lead over rivals in the Indian Ocean nation.

Published 09 Nov, 2019 12:00am

Iran earthquake kills five, leaves 300 injured

An earthquake rocked northwestern Iran before dawn on Friday, killing at least five people and injuring more than 300 in crumbling and collapsed buildings.

Published 09 Nov, 2019 12:00am

Iranian beauty queen wins asylum in Philippines

An Iranian beauty queen sought by Tehran on criminal charges has been granted political asylum in the Philippines, an official said Friday, ending a three-week standoff at Manila airport.

Published 09 Nov, 2019 12:00am

Iran downs drone that 'infiltrated' near Gulf coast

Iran shot down an unidentified drone that "infiltrated" near Bandar-e Mahshahr port on the Gulf coast Friday, Iranian media reported, after the downing of a US drone nearly triggered air strikes earlier this year.

Published 09 Nov, 2019 12:00am

Money & Banking

Dollar hold gains against yen, Swiss franc in Asia

The dollar held its gains versus the yen and Swiss franc on Friday as investors bought riskier assets on news that China and the United States had agreed to roll back tariffs as part of an as yet unfinalised preliminary pact to end their trade war.

Updated 11 Nov, 2019 07:16am

Money & Banking

Euro down against dollar in Europe

The euro edged down to hit a new three-week low against the dollar on Friday as the US currency shone on news that China and the United States had agreed to cancel some tariffs as part of a potential preliminary pact to end their trade war.

Updated 11 Nov, 2019 07:14am

Money & Banking

Early trade in New York: Dollar hits three-week high

The dollar rose to a three-week high on Friday, getting some safe-haven bids, as risk appetite for higher-yielding currencies took a step back amid renewed uncertainty about the rollback of existing tariffs, a major component of a preliminary US-China tra

Updated 11 Nov, 2019 07:16am

Money & Banking

Dollar rises against yen, Swiss franc in New York

The dollar climbed to more than a five-month peak against the safe-haven yen and a three-week high versus the Swiss franc on Thursday, bolstered by expectations the United States and China were inching closer to a trade deal.

Updated 11 Nov, 2019 07:16am

Money & Banking

South African rand weakens

South Africa's rand weakened on Friday, after nationwide electricity blackouts overnight by ailing state utility Eskom spooked investors and reignited worries about the economy.

Updated 11 Nov, 2019 07:16am

Money & Banking

Asian forex: Indian rupee falls to weakest level in three weeks

India's rupee slipped to its weakest level in three weeks after ratings firm Moody's cut its outlook on the country, while uncertainty around the progress of a prospective Sino-US trade deal punctured broader regional sentiment.

Updated 11 Nov, 2019 07:34am

Money & Banking

Brazil real eyes worst week in a year

The Brazilian real was set to record its worst week in over a year on Friday, hit by underwhelming oil auctions and political concerns sparked by a Supreme Court ruling that could lead to the release of former President Luiz Inacio Lula da Silva.

Updated 11 Nov, 2019 07:34am

Money & Banking

Sterling set for weekly loss on political uncertainty

Sterling edged lower on Friday and is poised for a weekly loss as investors await political developments ahead of Britain's Dec. 12 election.

Updated 11 Nov, 2019 07:49am

Other

'Big Three' hail future stars of men's tennis

Roger Federer, Rafael Nadal and Novak Djokovic have hailed the fast-rising next generation of players, saying the future of tennis is "in good hands" ahead of the start of the ATP Finals.

Published 09 Nov, 2019 12:00am

Other

WAPDA all set to excel as National Games begin

Pakistan Water and Power Development Authority (WAPDA) will participate in the 33rd National Games, which is being scheduled to be held in Peshawar from November 10 to 16, 2019.

Published 09 Nov, 2019 12:00am

Other

Momota advances

Defending champion and world number one Kento Momota battled past former number one Viktor Axelsen to reach the Fuzhou China Open semi-finals on Friday.

Published 09 Nov, 2019 12:00am

Other

Third Sarsabz National Tent Pegging Championship from 11th

Fatima Fertilizer in partnership with the Equestrian Federation of Pakistan announced that they are all set to host the third Sarsabz National Tent Pegging Championship 2019 in Lahore to take place at the Polo and Tent Pegging ground of the Headquarters o

Published 09 Nov, 2019 12:00am

Cricket

Australia trounce Pakistan to win T20 series

Ruthless opening pair Aaron Finch and David Warner ran riot as Australia routed Pakistan by 10 wickets in Perth to wrap up their Twenty20 series 2-0 Friday in emphatic fashion.

Published 09 Nov, 2019 12:00am

Cricket

Malan, Morgan blast England to overwhelming win over New Zealand

A whirlwind century by Dawid Malan in a record-breaking stand with Eoin Morgan saw England crush New Zealand in the fourth Twenty20 by 76 runs in Napier on Friday to level the series with one game remaining. Malan was unbeaten on 103 at the close of the E

Published 09 Nov, 2019 12:00am

Cricket

Porterfield steps down as Ireland captain, Balbirnie takes over

William Porterfield has stepped down as Ireland captain after 11 years at the helm, Cricket Ireland announced on Friday.

Published 09 Nov, 2019 12:00am

Other

Total Nutrition reach Aquafina Polo Cup main final

Total Nutrition edged out Guard Group to enter the main final of the Aquafina Polo Cup 2019 being played here at Lahore Polo Club (LPC) ground.

Published 09 Nov, 2019 12:00am

EU removes Belize from tax-haven blacklist

The EU removed the Central American country of Belize from its blacklist of tax havens on Friday, a statement said. Belize, whose head of state is Britain's Queen Elizabeth II, is now on the EU's so-called grey list of countries deemed as having inadequat

Published 09 Nov, 2019 12:00am

Global Business Economy

EU-Singapore trade deal takes effect November 21

A landmark trade deal between the EU and Singapore, a major hub for European businesses in Asia, will go into effect on November 21, a statement said on Friday.

Published 09 Nov, 2019 12:00am

Money & Banking

Malaysia surprises with cut in banks' reserve ratio

Malaysian banks' statutory reserve requirement (SRR) will be reduced to 3.00% from 3.50%, effective Nov. 16, the central bank said on Friday, the first cut in three years and made days after it left its key policy interest rate unchanged.

Updated 11 Nov, 2019 07:34am

Global Business Economy

Moody's cuts India's outlook to 'negative', citing rising growth risks

Moody's Investors Service cut India's ratings outlook to "negative" from "stable", citing increasing risks that Asia's third largest economy will grow at a slower pace than in the past, sending stock markets nearly 1% lower at Friday's close.

Published 09 Nov, 2019 12:00am

Global Business Economy

Daimler mulls slashing 1,100 senior jobs

German luxury carmaker Daimler plans to cut 1,100 management jobs worldwide in fresh efforts to cut costs as it grapples with expensive recalls and a slowing global market, a German newspaper reported Friday.

Published 09 Nov, 2019 12:00am

Taxes

No accord on China tariff rollback: Trump

President Donald Trump said Friday he has not agreed to rollback tariffs on Chinese imports, dampening recent optimism for a major de-escalation in the US-China trade war.

Updated 11 Nov, 2019 07:34am

Global Business Economy

German crew stage demo on second day of Lufthansa strike

Hundreds of Lufthansa flights were cancelled Friday as a strike by German cabin crew stretched into a second day, with workers staging a noisy rally to push their demands for better pay and conditions.

Published 09 Nov, 2019 12:00am

Global Business Economy

Americans have more debt, need family help to buy homes

Americans are waiting longer to buy their first homes, have more debt and more often need family help to make the purchase amid a supply crunch that is pushing up prices, according to a new data released Friday.

Published 09 Nov, 2019 12:00am

Global Business Economy

China export drop beats forecasts in October but more pain tipped

China's exports suffered their third month of decline in October, and while the drop was less than expected there were warnings Friday of more pain to come as the US trade war rumbles on.

Published 09 Nov, 2019 12:00am

Stocks

Nikkei, Topix at 13-month high

Japan's benchmark stock index rallied to a 13-month high on Friday on growing optimism for the economy, before paring part of those gains due to conflicting reports on how much progress has been made in US-China trade negotiations.

Updated 11 Nov, 2019 07:34am

Stocks

Dow, S&P 500 hit record closes

The Dow and S&P 500 notched record closing highs on Thursday as the latest signs of progress in US-China trade relations relieved investors, but a report raising fresh worries about the outlook for a deal limited the day's gains.

Updated 11 Nov, 2019 07:43am

Stocks

India shares fall after Moody's cuts outlook

Indian shares closed down nearly 1% on Friday after Moody's Investors Service flagged domestic growth risks and cut its ratings outlook for the country, as well as some corporate companies and financial institutions.

Updated 11 Nov, 2019 07:34am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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