News Archives for Print - 2019-11-13

Print - 2019-11-13

Iran accuses Europeans of hypocrisy over nuclear deal

Iran accused European nations of hypocrisy on Tuesday for criticising its latest step back from a nuclear deal while failing to fulfil their commitments of relief from US sanctions.

Published 13 Nov, 2019 12:00am

Nawaz refuses to go abroad?

Former prime minister Nawaz Sharif has refused to go abroad after a 'conditional' approval was granted by the government to remove his name from the Exit Control List (ECL) on Tuesday.

Published 13 Nov, 2019 12:00am

Workers' remittances decline 2 percent

Inflows of home remittances declined slightly 2 percent during the first four months (July-October) of this fiscal year (FY20). Overseas Pakistani workers remitted $7.479 billion in July to October of FY20 compared to $7.618 billion received during the sa

Published 13 Nov, 2019 12:00am

SBP takes steps to boost exports, manufacturing

The State Bank of Pakistan (SBP) on Tuesday announced two key measures to boost exports and facilitate the manufacturing sector. The SBP has decided to enhance the existing limits of exports-related soft loans upto Rs 100 billion and secondly allowed manu

Published 13 Nov, 2019 12:00am

Stocks

PSX snaps winning streak: BRIndex100 retreats

After witnessing a bullish trend for many sessions, investors opted to book profit Tuesday that forced the stock market to close on a negative note.

Published 13 Nov, 2019 12:00am

Chinese envoy calls on NAB Chairman

Chinese Ambassador to Pakistan Yao Jing on Tuesday called on the National Accountability Bureau (NAB) Chairman Javed Iqbal. According to a press release issued by the NAB, the bureau's chairman along with a six-member delegation met the Chinese envoy and

Published 13 Nov, 2019 12:00am

FBR set to miss 34 percent growth in Q2 revenue target

The Federal Board of Revenue (FBR) is set to miss the budgeted over 34 percent growth in revenue collection target for the second quarter (October-December) 2019-20.

Published 13 Nov, 2019 12:00am

Hackers hit Labour Party with back-to-back cyberattacks

Hackers attacked Britain's opposition Labour Party for the second time in two days on Tuesday, sources told Reuters, flooding its web services with malicious traffic in an attempt to force them offline just weeks ahead of a national election.

Published 13 Nov, 2019 12:00am

AEDB approves six wind power projects

The Alte-rnate Energy Development Board (AEDB) has reportedly approved at least six wind power projects funded by the World Bank, after the prime minister and the World Bank put pressure on the Power Division, well-informed sources told Business Record

Published 13 Nov, 2019 12:00am

PD in the dark about Rs 250 billion fresh loans

Power Division is completely in the dark about Rs 250 billion fresh loans for the power sector, mentioned by the Prime Minister's Advisor on Finance and Revenue, Dr. Abdul Hafiz Shaikh in his press conference on November 11, 2019.
Published 13 Nov, 2019 12:00am

Fazl's 'Plan B' comes into effect today

Jamiat Ulema-Islam-Fazl Emir Maulana Fazlur Rehman on Tuesday announced that "Plan B" of his anti-government sit-in will be effective from November 13 (today) and the venue of protesters will also be shifted to some other place from its current venue at s
Published 13 Nov, 2019 12:00am

Zardari's plea rejected

The Accountability Court hearing multibillion rupees fake bank accounts case against former president Asif Ali Zardari and his sister Faryal Talpur on Tuesday rejected Zardari's plea seeking medical treatment of his choice in Karachi.
Published 13 Nov, 2019 12:00am

Removal of Nawaz's name from ECL: Cabinet gives 'conditional' approval

The federal cabinet on Tuesday granted "conditional" approval to remove ailing former prime minister Nawaz Sharif's name from the Exit Control List (ECL). Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan addressin
Published 13 Nov, 2019 12:00am

Government-PML (N) talks hit 'surety bond' snag

The meeting of the sub-committee of the federal cabinet dealing with the issue of the removal of the name of former prime minister Nawaz Sharif from the Exit Control List (ECL) in order to allow him to fly to London on medical grounds proved inconclusive
Published 13 Nov, 2019 12:00am

Premium deposit against GD of transit cargoes: DGTT withdraws mandatory requirement

Directorate General Transit Trade (DGTT) has reportedly agreed to withdraw its mandatory requirement of depositing 0.25 per cent premium of duty and taxes to obtain insurance guarantee against goods declarations (GD) of transit cargos.
Published 13 Nov, 2019 12:00am

IPPs reject allegations levelled by Senate body

The Independent Power Producers (IPPs) have refuted the charges leveled by the Senate Standing Committee on Power, saying whatever the committee has said is totally incorrect.
Published 13 Nov, 2019 12:00am

Afghanistan to release senior Taliban prisoners in apparent swap

Afghan President Ashraf Ghani announced Tuesday that three high-ranking Taliban prisoners would be released, in an apparent exchange for two Western hostages who were kidnapped by the insurgents in 2016.
Published 13 Nov, 2019 12:00am

Reference against judge: SC judge raises profound question

Justice Mansoor Ali Shah, a member of the 10-judge bench hearing the Presidential Reference, questioned if the President of Pakistan can put whole machinery in motion to supplement the complaint filed against Justice Qazi Faez Isa.
Published 13 Nov, 2019 12:00am

Setback for BJP as Maharashtra placed under President's rule

India's financial capital was plunged into political uncertainty Tuesday after the president imposed direct rule on wealthy Maharashtra state after weeks of deadlock over who would form its government following fiercely fought elections.
Published 13 Nov, 2019 12:00am

PAF installs statue of Abhinandan

Pakistan has put on display a statue of an Indian pilot whose plane was shot down over Azad Jammu & Kashmir earlier this year, invoking the ire of India's media.
Published 13 Nov, 2019 12:00am

10 Gazans dead as Israel kills Islamic Jihad chief

Israel's military killed a commander from Palestinian militant group Islamic Jihad in a strike on his home in the Gaza Strip on Tuesday, triggering exchanges of fire in a violent escalation that left another nine Gazans dead.
Published 13 Nov, 2019 12:00am

Sikhs celebrate founder Guru Nanak's birth anniversary

It is one of the biggest birthday celebrations in the world: millions of Sikhs will Tuesday mark the 550th birth anniversary of the founder of their religion, the Guru Nanak.
Published 13 Nov, 2019 12:00am

Letters
Reduction in profit rates on NSS

This refers to the notification issued by the Central Directorate of National Savings on November 05, 2019 reducing the profit rates drastically on its different saving schemes with effect from November 01, 2019.
Updated 13 Nov, 2019 09:12am

Articles
Will power: Could property inheritance help close US 'wealth gap'?

From her home in West Oakland, a gentrifying neighbourhood across the bay from San Francisco, Iris Corina could see a looming problem - and she worried her neighbours were not doing enough to prepare.
Updated 13 Nov, 2019 10:33am

Articles
Opening the corridors to peace

"The certain pathway to all things that you want is through the corridor of joy," Esther Hicks. Kartarpur corridor has the potential of bringing joy to millions of spiritual followers of Baba Guru Nanak. Can it also act as a corridor of joy and a bridge o
Updated 13 Nov, 2019 09:15am

Articles
Trade replacing Terror

In our own geopolitical interests, it is about time Islamabad closed our geo-economic ranks with Afghanistan by establishing a free trade zone (FTZ) along the Durand Line rather than erecting fences to unduly distance Pakistan from one of its closest neig
Updated 13 Nov, 2019 07:45am

Contrasting approaches

What happened this past Saturday is unprecedented, and it has potential to immensely influence the socio-political future of South Asia. On Saturday morning, the Indian Supreme Court in a verdict allowed Hindus to build Ram temple on the site where once s
Updated 13 Nov, 2019 06:32am

A vote of confidence from IMF?

Pakistan seems to have secured high marks for its faithful adherence to the targets under the dollar 6 billion Extended Fund Facility (EFF) of the IMF for the period ended September, 2019. A statement issued by the Fund's staff after the completion of the
Updated 13 Nov, 2019 06:32am

Charge against DRAP director: Sukhera appointed inquiry officer

Commerce Secretary Sardar Ahmed Nawaz Sukhera has been appointed inquiry officer to investigate the charge of misappropriation against Director Budget & Accounts, Drugs Regulatory Authority of Pakistan (DRAP) Azhar Ali, official sources told Business R
Published 13 Nov, 2019 12:00am

Nawaz's health worsening day by day: Marriyum

PML-N spokesperson Marriyum Aurangzeb said on Tuesday that former Prime Minister Nawaz Sharif's health is deteriorating day by day. "The former PM is already taking high dose of steroids which is further affecting his health," she said.
Published 13 Nov, 2019 12:00am

Cotton & Textile
Bedwear exporters voice concern over rejection of ST claims

Exporters of bedwear have expressed serious concern over rejection of the sales tax refund claims processed by the Federal Board of Revenue (FBR) through Risk Management System (RMS) instead of FASTER.
Updated 13 Nov, 2019 06:36am

IHC moved against government for ignoring Christians' job quota

A writ petition was filed before the Islamabad High Court (IHC) against the federal government for ignoring and not specifying Christians' job quota.
Published 13 Nov, 2019 12:00am

NAB arrests Adam Jokhio

National Accountability Bureau (NAB- Karachi) has arrested Haji Adam Jokhio wanted as accused in inquiry for cheating public at large by defrauding around 1100 allottees of their rightful ownership by booking plots and receiving huge sums of amounts from
Published 13 Nov, 2019 12:00am

Firdous asks JUI-F chief to shun negative approach

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Tuesday urged Jamait Ulema-e-Islam (JUI-F) Maulana Fazalur Rehman and his cronies to give up negative stance of forceful occupation and adopt democratic approach.
Published 13 Nov, 2019 12:00am

NAB files reference against Omni Group's chief

National Accountability Bureau (NAB) Tuesday filed a reference against Anwar Majeed in the fake bank account case which involves misappropriation of sugar cane growers subsidy granted in 2014 to 15.
Published 13 Nov, 2019 12:00am

Business & Economy
Prices of medicines witness yet another increase of 10-100 percent

Prices of entire range of medicines have witnessed yet another increase of 10-100 percent during the last 10 months and this fourth increase in drug prices is owing to ineffective monitoring system, a survey conducted by Business Recorder revealed,
Published 13 Nov, 2019 12:00am

CRVS termed comprehensive mechanism for collecting information

Deputy Chairman Planning Commission, Mohammad Jehanzeb Khan, has said the government recognises that Civil Registration and Vital Statistics (CRVS) is a comprehensive mechanism for collecting information on the frequency of occurrence of specified and def
Published 13 Nov, 2019 12:00am

HEC forms body to probe into alleged irregularities in FFHP

The Higher Education Commission (HEC) has constituted a fact-finding committee to probe into the allegations of irregularities in the Foreign Faculty Hiring Programme (FFHP) at Government College University (GCU) Lahore's Abdus Salam School of Mathematica
Published 13 Nov, 2019 12:00am

Aseefa voices concern over Zardari's health

Aseefa Bhutto Zardari has said that she is waiting for the court's orders, as her father Asif Ali Zaradri has not been allowed so far to have medical treatment from private doctors.
Published 13 Nov, 2019 12:00am

Atrocities in IoK: Senators urge international community to play its role

The senators, mostly from opposition, on Tuesday stressed upon the international community to play its role in bringing an end to the ongoing atrocities on the people of Indian-occupied Kashmir (IoK) by the Indian military, which have been continued for a
Published 13 Nov, 2019 12:00am

Three soldiers martyred in N Waziristan

Three Pakistan Army personnel embraced martyrdom while another suffered injuries in an explosion in North Waziristan, ISPR, the military's media wing said on Tuesday.
Published 13 Nov, 2019 12:00am

Business & Economy
Junior foreign diplomats visit SCCI

A group of junior trainee Foreign Diplomats from 14 friendly countries visited Sialkot Chamber of Commerce and Industry (SCCI). The tour was arranged by Foreign Services Academy enabling the diplomats to exchange views with the members on issues of mutual
Published 13 Nov, 2019 12:00am

Karachi mayor for empowering civic bodies

Mayor Karachi Wasim Akhtar on Tuesday said that an empowered local bodies' setup is crucial to strengthen economy and democracy in the country.
Published 13 Nov, 2019 12:00am

Business & Economy
Pakistan to export pine nut to China

Chinese snack company, Bestore, signed a deal with Pakistan pine nut provider worth 300 million yuan ($42 million) as the company furthers overseas efforts with opportunities brought by the Belt and Road Initiative.
Published 13 Nov, 2019 12:00am

Money & Banking
SBP unveils commemorative coin to mark Guru Nanak's anniversary

State Bank of Pakistan (SBP) Governor Dr Reza Baqir unveiled the commemorative coin of Rs550 to mark the 550th birth anniversary of Baba Guru Nanak at the State Bank of Pakistan.
Published 13 Nov, 2019 12:00am

Business & Economy
PIA's monthly operational losses reduced by 50 percent: CEO

The monthly operational losses of Pakistan International Airlines (PIA) have been slashed by 50 percent to Rs1.5 billion from over Rs3 billion, said CEO PIA.
Published 13 Nov, 2019 12:00am

PMSA seizes huge quantity of narcotics

A joint intelligence based counter narcotics operation was conducted by Pakistan Navy, Pakistan Maritime Security Agency, and Anti-Narcotics Force at Pishukan near Jiwani, Balochistan.
Published 13 Nov, 2019 12:00am

Money & Banking
Bank Alfalah launches premier lounge in Sialkot

Bank Alfalah held an exclusive event to celebrate the launch of Sialkot's first ever Premier Lounge, at their Tariq Road Branch. The attendees included major clients of Alfalah Premier, the elite of Sialkot's business community and individuals from the se
Updated 13 Nov, 2019 06:36am

Weather to remain normal in Punjab, Balochistan & Sindh

The Met Office has forecast a slightly above normal precipitation over central and extreme northern parts of the country for November 2019, while normal over Punjab, Balochistan and Sindh.
Published 13 Nov, 2019 12:00am

Energy
Work on 900MW RLNG-based power project to begin in December

The construction of K-Electric's $650 million 900MW RLNG-based Bin Qasim Power Station (BQPS)-III will commence in December 2019.
Updated 13 Nov, 2019 06:36am

Business & Economy
Federal transfers: Sindh suffers Rs 109 billion shortfall in July-October: Murad

Sindh Chief Minister Syed Murad Ali Shah Tuesday said the federal government during last four months had to release Rs 278.4 billion against which the provincial government has received only Rs 169.2 billion which shows a shortfall of Rs109.17 billion.
Published 13 Nov, 2019 12:00am

Mian Khushnood passes away

Mian Khushnood a noted businessman and elder brother of Mian Zahid Aslam Former President Faisalabad Chamber of Commerce & Industry (FCCI) breathed his last here yesterday.
Published 13 Nov, 2019 12:00am

Money & Banking
Shahbaz Jameel appointed ZTBL president & CEO

Muhammad Shahbaz Jameel has been appointed as President / CEO of Zarai Taraqiati Bank Limited (ZTBL), by the federal government. Shahbaz Jameel is a senior banker having 27 years of diversified experience and has served on key executive positions in leadi
Updated 13 Nov, 2019 06:43am

Telecommunication
ICT sector crosses $10 billion mark with over 74 million broadband users: Siddiqui

Pakistan's information and communications technology (ICT) sector has surpassed $10 billion mark with more than 74 million broadband users and over 76 percent teledensity.
Published 13 Nov, 2019 12:00am

World Town Planning Day: experts recommend redefining urban planning

Real estate experts at a seminar organized to celebrate 'World Town Planning Day' Tuesday strongly recommended for redefining the urban planning to regenerate cities by introducing safe/affordable housing schemes in Pakistan under the government's priorit
Published 13 Nov, 2019 12:00am

Afghanistan heading towards civil war in absence of Plan-B: Dr Marvin

Afghanistan is headed towards a chaotic civil war in the absence of a Plan-B, as efforts to achieve a comprehensive and negotiated peace agreement will not be successful for the foreseeable future of the war-torn country, warned Dr Marvin G Weinbaum, Dire
Published 13 Nov, 2019 12:00am

Commodities
Investment prospects of livestock sector reviewed

The meeting presided over by Provincial Minister for Industries and Trade Mian Aslam Iqbal on Tuesday reviewed the prospectus of investment in livestock sector in the Kasur district.
Published 13 Nov, 2019 12:00am

Energy
OGRA notifies increase in prices of imported RLNG for November

The Oil and Gas Regulatory Authority (OGRA) on Tuesday notified an increase in prices of imported Re-gasified Liquefied Natural Gas (RLNG) for November, 2019 in its monthly review.
Updated 13 Nov, 2019 06:44am

Taxes
FBR decides to initiate panel audit of sugar industry

The Federal Board of Revenue (FBR) Tuesday clarified that the FBR has decided to initiate panel audit of sugar industry under section 32A of the of the Sales Tax Act,1990 to improve tax compliance and ensure transparency in reporting mechanism.
Published 13 Nov, 2019 12:00am

NA speaker takes notice of locusts' plague

The speaker National Assembly took notice of the locust outbreak in the country and instructed that no stone should be left unturned to mitigate the impacts of the locust attack on crops, livelihoods of farmers and national food security.
Published 13 Nov, 2019 12:00am

Taxes
BMI to boost Customs' anti-smuggling capabilities

Pakistan Customs Border Management Initiative (BMI), approved by Prime Minister Imran Khan, would give a boost to the anti-smuggling capabilities of Pakistan Customs with enhancement of human resources and provision of equipment/ logistics.
Updated 13 Nov, 2019 06:44am

Business & Economy
FCCI chief for setting up prestigious educational institution

Proposal to setup a prestigious educational institution under the banner of Faisalabad Chamber of Commerce & Industry (FCCI) must be finalized so that concrete and practical steps could be taken to materialize this project, said Rana Sikandar Azam Preside
Published 13 Nov, 2019 12:00am

Punjab government to establish 100 new schools in Lahore

Provincial Minister for Education Murad Raas has said that 100 exemplary schools would be established in Lahore within next two to three months. Speaking at the Lahore Chamber of Commerce and Industry here on Tuesday, the Minister said that Lahore needs a
Published 13 Nov, 2019 12:00am

Business & Economy
Second phase of FTA with China to be operational from December 1: Razak

Advisor to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood on Tuesday said that the second phase of Free Trade Agreement (FTA) with China is going to be operational from Dec 01, 2019 helping Pakistan come at par with the
Published 13 Nov, 2019 12:00am

Meiji organises CSR activity

Meiji, GBM Pakistan organised a school activity at ACELP Institute of Child Development on 8th of November 2019. This CSR activity by Global Brands Marketing Pvt Ltd - Meiji Big was aimed at increasing the awareness to support special children and help th
Published 13 Nov, 2019 12:00am

World Pneumonia Day: vaccination vital to fight pneumonia: pediatricians

While 92,000 children under-5 die of pneumonia annually in Pakistan, the World Pneumonia Day was marked here like other parts of the world with a resolve that all out efforts will be made for checking the spread of disease by strengthening the immunizatio
Published 13 Nov, 2019 12:00am

Business & Economy
PCJCCI urges govt to boost meat export to China

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) urged the government to boost export of meat from Pakistan to China. PCJCCI President Zarak Khan while addressing the export promotion committee of his chamber on Tuesday said that there was a
Published 13 Nov, 2019 12:00am

Taxes
Cases for audit: FBR urged to consult relevant law

The tax experts have urged Chairman Federal Board of Revenue (FBR) Shabbar Zaidi to take notice of the practice of selecting cases for income tax audit in derogation of the exemption allowed in the law, terming it not only arbitrary and against the law, b
Updated 13 Nov, 2019 06:44am

Business & Economy
Cottage industry: Punjab to start soft loan programme

With an allocation of Rs 300 million, the Punjab government has decided to start a loan programme on soft terms and conditions for the promotion of cottage industry in the province. A loan worth Rs 300,000 will be given along with the return period of thr
Published 13 Nov, 2019 12:00am

PML women's wing team calls on Shujaat

Pakistan Muslim League Women's Wing delegation led by its President Farrukh Khan MNA called on Pakistan Muslim League (PML) President Chaudhry Shujaat Hussain at his residence, here Tuesday and expressed good wishes for him.
Published 13 Nov, 2019 12:00am

US company team meets minister

A delegation of American company, Mckinsey, called on Punjab Health Minister Dr. Yasmeen Rashid here on Tuesday and discussed matters regarding facilities being provided to patients in public sector hospitals and bringing further improvement in the servic
Published 13 Nov, 2019 12:00am

Articles
Partly Facetious There's nothing profound!

"Eeny, meeny, miny, moe..."
Updated 13 Nov, 2019 09:14am

PCDMA chief lauds PM for opening Kartarpur corridor

Chairman of Pakistan Chemicals and Dyes Merchant Association (PCDMA) and Ex-Director Karachi Stock Exchange, Amin Yousuf Balgamwala has said Prime Minister Imran Khan has made example of mutual understanding and religious freedom with neighbouring country
Published 13 Nov, 2019 12:00am

KU scientist becomes member of sci&tech committee

Prof Dr Muhammad Iqbal Choudhary has become a member of the national committee constituted by the Federal Ministry of Science and Technology to develop a network of centers for advanced technologies in the country.
Published 13 Nov, 2019 12:00am

Money & Banking
70th anniversary celebrations: NBP gearing up for promoting inclusive banking: Usmani

National Bank of Pakistan (NBP) President Arif Usmani Tuesday said that the bank has proved itself as a leading commercial bank of the country in terms of assets and profit, and it is prepared to launch initiatives for promotion of inclusive banking and t
Updated 13 Nov, 2019 06:45am

Brief Recordings
Pakistan Cables

Pakistan Cables Limited, established in 1953 under the umbrella of the Chinoy group of companies, is one of the oldest cable companies of the country.
Updated 14 Nov, 2019 11:31am

Australian bushfires hit Sydney suburbs

Bushfires raging across eastern Australia singed Sydney's suburbs on Tuesday, with firefighters scrambling planes and helicopters to douse a built-up neighbourhood with water and red retardant.
Updated 13 Nov, 2019 06:42am

Xi urges Britain to return Parthenon Marbles to Greece

Chinese President Xi Jinping on Tuesday urged Britain to return the Parthenon Marbles to Greece, wading into a decades-old dispute between the countries over the ownership of the sculptures.
Published 13 Nov, 2019 12:00am

Lebanese banks, schools shut as protesters push on

Banks and schools in Lebanon were closed on Tuesday as protesters tried to prevent employees from clocking in at state institutions, nearly a month into an anti-graft street movement.
Published 13 Nov, 2019 12:00am

Italy hit by heavy rains, flooding in Venice

Powerful rainstorms hit Italy on Tuesday, with the worst affected areas in the south and Venice, where there was widespread flooding.
Published 13 Nov, 2019 12:00am

16 dead as trains collide in Bangladesh

Two packed trains collided in Bangladesh on Tuesday, killing at least 16 people and injuring nearly 60 others, police said.
Updated 13 Nov, 2019 06:50am

Spain Socialists, far-left Podemos agree in principle to form government

Spain's Socialists and the radical leftwing Podemos on Tuesday agreed in principle to form a coalition government in what would be the first such power-sharing deal in the country's modern history.
Updated 13 Nov, 2019 09:20am

Belarus leader defends rights record during Austria visit

Belarus's leader Alexander Lukashenko defended his isolated country's human rights during a visit to Austria Tuesday, as he seeks closer ties with the European Union amid tensions with Russia.
Updated 13 Nov, 2019 06:59am

Macron rues 'unprecedented' global crisis, says new alliances needed

French President Emmanuel Macron on Tuesday lamented an "unprecedented crisis" in the global political system and urged new alliances to solve the world's problems, in a call backed by Chinese and EU leaders.
Updated 13 Nov, 2019 06:43am

Commodities
China's iron ore, steel futures drop on weak demand

Iron ore futures in China closed at a two-and-a-half-month low on Monday, dropping for a fourth session, as demand declined amid a slowing manufacturing sector and as mills reduced their stockpiles.
Published 13 Nov, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,268. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.068 billion and the numbers of lots traded 7,620.
Published 13 Nov, 2019 12:00am

Commodities
EU wheat futures fall on rising Russian exports

Euronext wheat futures fell on Monday as increased competition in export markets from Russia and a modest rebound in the euro helped put the market on the defensive. December milling wheat, the most active position on the Paris-based Euronext exchange, wa
Published 13 Nov, 2019 12:00am

Commodities
South Korea buys feed wheat

South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) has issued an international tender to purchase up to 60,000 tonnes of feed wheat, European traders said on Monday. The tender closes on Tuesday, November 12. The wheat is sought for arrival around
Published 13 Nov, 2019 12:00am

Commodities
Sunny spells boost Ivory Coast cocoa crop

Below average rainfall mixed with long sunny spells last week in most of Ivory Coast's cocoa regions will improve growing conditions after weeks of wet weather, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is entering the dry seaso
Published 13 Nov, 2019 12:00am

Commodities
Activities at Karachi and Port Qasim

The Karachi Port handled 144,789 tonnes of cargo comprising 99,661 tonnes of import cargo and 45,128 tonnes of export cargo including 3,574 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.
Published 13 Nov, 2019 12:00am

Cotton & Textile
Cotton market: needy mills indulge in panic buying

Most of the leading mills indulged in panic buying on the cotton market on Tuesday in the process of hectic trading session, dealers said. The official spot rate was down by Rs 100 to Rs 9200, they added. In ready session, over 23,000 bales of cotton chan
Published 13 Nov, 2019 12:00am

Commodities
Russian wheat prices fall due to more competitive levels

Russian wheat export prices fell for the second week in a row last week, making them more competitive on the global market, industry analysts said.
Published 13 Nov, 2019 12:00am

Money & Banking
Sterling holds gains in Asian trade

Sterling held gains in Asian trade on Tuesday, having hit a six-month high versus the euro and rising as much as 1% against the dollar overnight, as the risk of a hung parliament in UK elections eased slightly.
Published 13 Nov, 2019 12:00am

Money & Banking
Dollar up against yen, Swiss franc in Europe

The dollar was stronger against the yen and Swiss franc on Tuesday as traders grew optimistic ahead of a speech by US President Donald Trump, in which he is expected to delay a tariff decision on European carmakers by six months.
Published 13 Nov, 2019 12:00am

Money & Banking
Early trade in New York: Dollar broadly stronger ahead of Trump speech

The dollar was broadly stronger on Tuesday on guarded optimism ahead of a speech by US President Donald Trump in which he is expected to delay a tariff decision on European automakers by six months, according to European Union officials.
Published 13 Nov, 2019 12:00am

Money & Banking
Dollar falls in New York on mixed trade signals

The US dollar was broadly lower on Monday after President Donald Trump said over the weekend that trade talks with China were moving along "very nicely" but the United States would only make a deal with Beijing if it was right for America.
Updated 13 Nov, 2019 06:52am

Money & Banking
South African rand slips

South Africa's rand weakened in late trade on Tuesday in a subdued session as investors avoided big bets ahead of local retail and mining data later in the week, and a definitive sign from the trade talks between China and the United States. At 1530 GMT
Updated 13 Nov, 2019 06:52am

Money & Banking
Most Asian currencies in narrow ranges

Most Asian currencies were rangebound on Tuesday, as investors took to the sidelines awaiting further clarity on an interim trade deal between the United States and China.
Updated 13 Nov, 2019 06:52am

Money & Banking
Sterling falls from six-month high against euro

Sterling inched down from a six-month high against the euro and was a touch softer against the dollar on Tuesday, as a boost from the Brexit Party's decision not to contest previously Conservative-held seats in Britain's upcoming election faded.
Updated 13 Nov, 2019 06:53am

Money & Banking
Australian, New Zealand dollars dip

The New Zealand dollar slipped on Tuesday, as traders wagered on a higher probability of a rate cut this week after a central bank survey showed the country's near-term inflation expectations eased in the fourth quarter.
Updated 13 Nov, 2019 06:56am

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

Markets →

Most Popular

Today

Yesterday

Past 3 Days

NJLI Sarmaya Growth Fund Rates

Three Gencos’ CEOs suspended

Digital channels drive 87pc of retail payments

Tax Laws (Amendment) Bill, 2024: comments

May 9 riots: 25 convicted by military courts, says ISPR

Cabinet refuses to relax Import Policy Order for stuck vintage cars

Aurangzeb vows to overhaul tax machinery

Leasing govt land: Punjab cabinet approves terms & conditions

Gold price per tola falls further Rs2,000 in Pakistan

NJLI Sarmaya Growth Fund Rates

Dar-led panel to craft power tariff cut strategy

PIA sell-off: govt says getting enhanced bids

Sanctions on Pakistan’s missile program not meant to ‘color other areas of cooperation’: US State Dept

FBR will now share income tax returns data with banks

Bloodbath at PSX: KSE-100 plunges record 4,795 points amid correction

Hoechst Pakistan plans to establish subsidiary in UAE

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

Gas sector conundrum

FBR will now share income tax returns data with banks

NJLI Sarmaya Growth Fund Rates

Bloodbath at PSX: KSE-100 plunges record 4,795 points amid correction

Tax laws bill tabled in NA: Govt steps up pressure on non-filers

Dar-led panel to craft power tariff cut strategy

OGDCL begins oil & gas production from Hyderabad

PIA sell-off: govt says getting enhanced bids

Sanctions on Pakistan’s missile program not meant to ‘color other areas of cooperation’: US State Dept

No UAE visa issue, waiting for Islamabad to sign FTA: UAE consul general

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