News Archives for Print - 2019-11-14

Print - 2019-11-14

Czechs plan to build new nuclear unit by 2036

The Czech Republic is planning to build a new multi-billion-euro nuclear unit at the southern Dukovany plant by 2036, Prime Minister Andrej Babis said Wednesday. He added that the supplier was due to be picked by the end of 2022 with construction beginnin

Published 14 Nov, 2019 12:00am

Stocks

PSX witnesses robust recovery: BRIndex100 edges up

Pakistan Stock Exchange Wednesday opened on a negative note however witnessed robust recovery on the back of healthy buying, mainly by local investors and institutions.

Published 14 Nov, 2019 12:00am

Stabilizing economy: PM spells out his priorities

Prime Minister Imran Khan Wednesday said that after achieving economic stability, also reflected by improvement in current account deficit, appreciation of rupee as well as positive market sentiments, the government was now focusing on job creation and ex

Published 14 Nov, 2019 12:00am

Supplementary grant: ECC reluctant to give additional over Rs11bn to army

Prime Minister's Advisor on Finance and Revenue, Dr. Abdul Hafeez Shaikh-led Economic Coordination Committee (ECC) of the Cabinet is reluctant to give additional over Rs 11 billion to Pakistan Army as supplementary grant, well-informed sources in Finance

Published 14 Nov, 2019 12:00am

ECC increases wheat support price by Rs 50

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has increased minimum support price of wheat by Rs 50 and fixed it at Rs 1,350 per 40kg for the next crop, and sought a presentation from Finance Ministry on Rs 450 billion commodity op

Published 14 Nov, 2019 12:00am

Presidential ordinances: IHC issues notices to AGP, others

The Islamabad High Court (IHC) on Wednesday issued notices to the federation and the Attorney General for Pakistan (AGP) in a case against the promulgation of presidential ordinances.

Published 14 Nov, 2019 12:00am

Pakistan's non-performing loan ratio worsens to 8.4 percent: ADB

Pakistan's non-performing loan ratio has increased from 6.9 percent of gross loans in 2006 to 8.4 percent in 2018, said Asian Development Bank on Wednesday.

Published 14 Nov, 2019 12:00am

Reference against judge: Money trail not relevant, counsel tells SC

Justice Qazi Faez Isa's counsel has submitted that there is no concept of money trail in the tax law which was used for the first time in the Panama Papers case and has been "imported" in the present case.

Published 14 Nov, 2019 12:00am

FY 2018-19: Cabinet directs Nadra to float tender for auditing accounts

The federal cabinet has directed National Database & Registration Authority (Nadra) to float tender after developing selection criteria to acquire services of an audit firm to conduct its audit of accounts for the financial year ended June 30, 2019, offic

Published 14 Nov, 2019 12:00am

SBP amends instructions on acquisition of services from abroad

The State Bank of Pakistan (SBP) Wednesday announced amendment to Instructions regarding acquisition of services from abroad.

Published 14 Nov, 2019 12:00am

Trump impeachment hearings focus on Ukraine pressure campaign

The top US diplomat in Ukraine, in the first public hearing of the impeachment inquiry against President Donald Trump, on Wednesday linked the president more directly to a pressure campaign on Ukraine to conduct investigations that would benefit him polit

Published 14 Nov, 2019 12:00am

Quetta-Chaman highway blocked

Anti-government protesters in the country blocked a key highway linking the country to Afghanistan on Wednesday, as part of what they called the "second phase" of action aimed at ousting Prime Minister Imran Khan.

Published 14 Nov, 2019 12:00am

No bond to be submitted: PML-N

PML-N Secretary Information Marriyum Aurangzeb has said that PML-N has rejected the "conditional removal of Nawaz Sharif's name from the ECL".

Published 14 Nov, 2019 12:00am

'One-time' permission to go abroad granted: Nawaz asked to submit Rs7bn 'indemnity' bond

The government on Wednesday gave a one-time permission to ailing former prime minister Nawaz Sharif to go abroad for four weeks for his medical treatment subject to submitting an indemnity bond of Rs 7 billion.

Published 14 Nov, 2019 12:00am

Creation of proposed PRA, other reforms: Tax machinery to be taken on board, says PM

Prime Minister Imran Khan has assured the tax machinery of Federal Board of Revenue that would be fully taken on board on creation of proposed Pakistan Revenue Authority (PRA) as well as ongoing re-organization of the Board and other reform initiatives.

Published 14 Nov, 2019 12:00am

Foreign exchange operations: SBP imposes Rs 35.62 million monetary penalty on major bank

The State Bank of Pakistan (SBP) has imposed a monetary penalty of amounted to Rs 35 million on Habib Bank Limited for "violations in the areas of Foreign Exchange operations".

Published 14 Nov, 2019 12:00am

Saudi, UAE, Bahrain to play football in Qatar, signalling thaw

Saudi Arabia, the United Arab Emirates and Bahrain will participate in this month's Gulf Cup football tournament in Qatar, organisers said Wednesday, signalling a thaw in their bitter two-year feud with Doha.

Published 14 Nov, 2019 12:00am

NBFIs: date for applicability of IFRS 9 modified

The Securities and Exchange Commission of Pakistan (SECP) has changed the effective date for applicability of International Financial Reporting Standard - Financial Instruments (IFRS 9) for Non-Banking Finance Companies. The SECP has issued SRO 1332(I)/20

Published 14 Nov, 2019 12:00am

Winding up of cos: SECP lays down criteria for appointment of managers, liquidators

The Securities and Exchange Commission of Pakistan (SECP) has laid down criteria for the appointment of panel of provisional managers and official liquidators for winding up of companies.

Published 14 Nov, 2019 12:00am

Afghanistan's presidential poll results delayed again

Preliminary results from Afghanistan's presidential election have been delayed for a second time, election officials announced Wednesday, a postponement likely to fuel more political uncertainty and fraud allegations.

Published 14 Nov, 2019 12:00am

No one can be taken into custody for indefinite period: CJP

The Supreme Court has directed the Khyber Pakhtunkhwa government to furnish a list of persons interned in seven internment centers in KPK by today (Thursday) and rejected Attorney General for Pakistan's plea for recusal of Justice Qazi Faez Isa from the b

Published 14 Nov, 2019 12:00am

Gaza death toll reaches 23 in second day of escalation

Israeli air strikes killed 13 Palestinians in Gaza on Wednesday, medical officials said, raising the Palestinian death toll to 23 over a two-day escalation in violence since Israel launched strikes to kill an Islamic Jihad commander.

Published 14 Nov, 2019 12:00am

Oil, gas industry uplift: China to provide guidelines under CPEC

China has agreed on a development plan to provide effective guidelines for the development of oil and gas industry in Pakistan under China-Pakistan Economic Corridor (CPEC).

Published 14 Nov, 2019 12:00am

Kulbhushan case: ISPR denies any amendment to Army Act

Pakistan Army on Wednesday rejected speculations for any amendment in Pakistan Army Act to implement the International Court of Justice (ICJ) verdict regarding convicted Indian terrorist Commander Kulbhushan Jadhav.

Published 14 Nov, 2019 12:00am

Australian HC meets COAS

Australian High Commissioner to Pakistan Dr Geoffrey Shaw called on Chief of Army Staff (COAS) General Qamar Javed Bajwa on Wednesday, Inter-Services Public Relations (ISPR) said.

Published 14 Nov, 2019 12:00am

Letters

'Trade replacing terror'

This is apropos a Business Recorder op-ed "Trade replacing terror" carried by the newspaper yesterday. The writer, M. Ziauddin, has plausibly argued, among other things, that "Many attempts have been made to identify the difficulties and address th

Updated 14 Nov, 2019 07:35am

Articles

Breakdown of trust in financial system deepens crisis in Lebanon

Lebanese student Fatima Jaber's family is struggling to pay off multiple loans with double-digit interest rates. Even before the start of protests that have forced out Lebanon's prime minister, her confidence was fading in a financial system long regarded

Updated 14 Nov, 2019 09:26am

Articles

Doing business report and beyond - III

Individual aspects of the Index for 2019 highlight, among other things, that within rule of law, all three factors - property rights (with score 41.5, where all scores are graded on a scale of 0 to100; representing a situation of completely unfree and tot

Updated 14 Nov, 2019 09:01am

Articles

Outsourcing the Government

Commerce is our most important Ministry; or should be. The case for Commerce's paramountcy in government's pantheon is self-evident. Trade balance, the Achilles' heel of our economy, depends on how Commerce acts or doesn't. Without a major breakthrough in

Updated 14 Nov, 2019 09:25am

The JUI(F)'s 'Plan-B'

The Maulana Fazlur Rehman's 'Plan-A' of his 'Azadi March' was too ambitious to be duly rewarded - PM Imran Khan didn't resign and remains in power even after 13 days. But the maulana is not disheartened; he has now announced his 'Plan-B'. Given his enigma

Updated 14 Nov, 2019 06:31am

Pragmatic approach

Governor State Bank of Pakistan (SBP) Dr Reza Baqir announced two new measures designed to facilitate exporters in a press conference on the heels of a press conference led by Advisor to the Prime Minister on Finance Hafeez Sheikh on Monday in which he ha

Updated 14 Nov, 2019 06:30am

700 'drug peddlers' held from educational institutes' vicinity

Deputy Inspector General of Police (Operations) Ashfaq Khan claimed on Wednesday to have arrested almost 700 "drug peddlers" from the surroundings of educational institutes during its ongoing operation against narcotics sellers.

Published 14 Nov, 2019 12:00am

Another spell of smog engulfs city

Another spell of smog has engulfed the city, the capital of Punjab, causing serious problems for the citizens.

Published 14 Nov, 2019 12:00am

World Diabetes Day today: Shifa International Hospital holds awareness seminar

In connection with the World Diabetes Day being observed today (Nov 14)) worldwide, Shifa International Hospital observed this day by arranging an awareness seminar here on Wednesday.

Published 14 Nov, 2019 12:00am

Money & Banking

BankIslami delegation meets Balochistan governor

A delegation of Senior Executives from BankIslamirecently met with the Governor of Balochistan. The delegation discussed the outlook of the banking sector in general and informed the Governor about BankIslami's current contribution towards the Islamic Ban

Updated 14 Nov, 2019 06:35am

Business & Economy

Public Sector Development Programme: PM for ensuring optimal and timely utilisation of funds

Prime Minister Imran Khan has stressed upon the need for ensuring optimal and timely utilization of funds allocated by the federal government under Public Sector Development Programme (PSDP) adding, "Planning is eyes and ears of the chief executive".

Published 14 Nov, 2019 12:00am

Fazl ends capital sit-in, expands Plan 'B' across country

After staging a virtually 'futile' 13-day sit-in in the federal capital to oust Prime Minister Imran Khan, visibly disappointed Jamiat Ulema-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman on Wednesday ended the Azadi March under the 'pretext' of expandin

Published 14 Nov, 2019 12:00am

Karachi mayor inaugurates renovated Jheel Park

Mayor Karachi Wasim Akhtar on Wednesday said the citizens were given a beautiful gift as over 12 acre portion of the Jheel Park has been renovated with a cost of Rs30million.

Published 14 Nov, 2019 12:00am

Babri Masjid issue: OIC resident envoys briefed about Indian SC verdict

Pursuant to the Indian Supreme Court verdict regarding the historic Babri Masjid, Foreign Secretary Sohail Mahmood briefed the OIC resident ambassadors here on Wednesday, says a press release.

Published 14 Nov, 2019 12:00am

Local body polls; ECP seeks KP cabinet's notification on delimitation

The Election Commission of Pakistan (ECP) Wednesday sought gazette notification of the provincial cabinet, which approved a summary to declare 50 newly-created Tehsils in merged and settled districts of Khyber Pakhtunkhwa as local areas, as a requirement

Published 14 Nov, 2019 12:00am

Five LG officials sent on forced retirement

In a crackdown against corruption and corrupt officials, the Local Government department on Wednesday suspended and sent five officials on forced retirement on charges of corruption.The officials were removed as part of efforts to wipe out corruption from

Published 14 Nov, 2019 12:00am

NA body voices concern over forest department's poor performance

National Assembly Standing Committee on Climate Change has expressed serious concern and resentment over poor performance of forest departments of the provincial governments and directed them to submit comprehensive reports about plantation of trees and s

Published 14 Nov, 2019 12:00am

Atrocities in IOK: Senators slam world powers, MNCs and UN's double standard

Senators from treasury and opposition benches on Wednesday slammed the United Nations, Western imperialism and international corporate mafia led by multinational companies (MNCs) for supporting India in disregard to ongoing atrocities in Indian-occupied K

Published 14 Nov, 2019 12:00am

Business & Economy

TDCP to hold 'Thal Jeep rally'

Advisor to Punjab Chief Minister on Tourism Asif Mehmood has said that the Tourism Development Corporation Punjab (TDCP) will hold Thal Jeep Rally from November 15 to 17 at Muzaffargarh and Layyah.

Published 14 Nov, 2019 12:00am

German ambassador meets JI leaders at Mansoora

Ambassador of Germany in Pakistan Bernhard Schlagheck called on Jamaat-e-Islami leadership at Mansoora on Wednesday. The situation in Kashmir, domestic and foreign issues came under discussion during the meeting.

Published 14 Nov, 2019 12:00am

Business & Economy

Capacity-building initiative launched for SMEs

National Business Development Programme for SMEs (NBDP), a project of Small and Medium Enterprises Development Authority (SMEDA) has announced its largest capacity building initiative for year 2019-20 across Pakistan including Federal Capital, AJK and Gil

Published 14 Nov, 2019 12:00am

Business & Economy

PBC gives guarded response to SBP's measures

Pakistan Business Council (PBC) - a business advocacy body gave a guarded response to the State Bank's initiatives to revive manufacturing.

Published 14 Nov, 2019 12:00am

Sindh government to challenge amendment in NAB Ordinance: CM

Sindh Chief Minister Syed Murad Ali Shah announced to challenge amendment in the NAB ordinance under which any accused of Rs 50 million embezzlements would be given 'C' class jail facility.

Published 14 Nov, 2019 12:00am

Opposition leader demands tabling of AG report in Sindh Assembly

Opposition in the Sindh Assembly on Wednesday questioned government's not tabling the Auditor General's report in the house, saying that what is being covered up.

Published 14 Nov, 2019 12:00am

Money & Banking

Rs 5,000 currency note: SBP rejects report

The State Bank of Pakistan (SBP) has strongly denied that any proposal to discontinue Rs 5,000 currency note has been forwarded by the SBP. The chief spokesman for SBP has said that such news items are baseless.

Published 14 Nov, 2019 12:00am

Business & Economy

State Bank's gesture: importers can make advance payments up to $10,000: PCDMA

State Bank of Pakistan (SBP) Governor Dr Raza Baqar, while agreeing to the suggestion of Pakistan Chemicals & Dyes Merchants Association (PCDMA), has removed restriction on advance payment of dollars, hence, importers can now make advance payments of up t

Published 14 Nov, 2019 12:00am

AKU-EB SSC, HSSC Examinations 2019 results

The Aga Khan University Examination Board (AKU-EB) has announced results for its Secondary and Higher Secondary School Certifications for the April/ May 2019 examination session. This year, the Examination Board assessed students in 84 subjects across 40

Published 14 Nov, 2019 12:00am

Hyderabad University: Sindh governor lauds Bahria Town for providing land

Sindh Governor Imran Ismail on Wednesday said the establishment of educational institute would facilitate the youth of Hyderabad to get modern education.

Published 14 Nov, 2019 12:00am

Business & Economy

CPEC's social, economic projects to begin before 2020

Work on 17 out of 27 priority projects in social and economic development component of Chin-Pakistan Economic Corridor (CPEC) would commence before 2020.

Published 14 Nov, 2019 12:00am

Cotton & Textile

Raw cotton exports increases 53.65 percent in Q1

Exports of raw cotton form the country during first quarter of current financial year increased by 53.65 percent as compared the exports of the corresponding period of last year.

Published 14 Nov, 2019 12:00am

Business & Economy

PPR in KP, Balochistan, FATA: Italian government-funded PPAF training sessions begin

Pakistan Poverty Alleviation Fund (PPAF) in collaboration with Italian Agency for Development Cooperation and Luiss Business School, Italy commenced a series of training sessions around youth, education, health and nutrition to enhance knowledge of commun

Published 14 Nov, 2019 12:00am

Telecommunication

Far-flung areas: NA body asks PTA to ensure better telecom service delivery, coverage

While expressing concern on poor coverage of telecom services in the far-flung areas, a parliamentary panel has asked the Pakistan Telecommunication Authority (PTA) to take necessary regulatory steps to ensure improvement of telecom service delivery and c

Updated 15 Nov, 2019 01:43pm

Ban on visiting Zardari in jail: LHC seek reply from CS Islamabad

The Lahore High Court on Wednesday sought a reply from chief commissioner of Islamabad about alleged undeclared ban on visiting former president Asif Ali Zardari in Adiala jail, Rawalpindi. PPP-Punjab President Qamar Zaman Kaira filed a petition seeking

Published 14 Nov, 2019 12:00am

Business & Economy

KP government urged to rationalise property tax

Business community urged the provincial government to rationalize property tax and abolish double taxation to flourish businesses and industries in the province.

Published 14 Nov, 2019 12:00am

Rear Admiral Zahid Ilyas takes over as Commander Karachi

In an impressive Change of Command ceremony held at PNS Bahadur Karachi, Rear Admiral Zahid Ilyas took over the Command as Commander Karachi. Vice Admiral Muhammad Amjad Khan Niazi handed over the command to Rear Admiral Zahid Ilyas. Commander Karachi is

Published 14 Nov, 2019 12:00am

NA body okays MLA (Criminal Matter) Bill

National Assembly Standing Committee on Interior on Wednesday passed "The Mutual Legal Assistance (Criminal Matter) Bill, 2019."

Published 14 Nov, 2019 12:00am

Mazhar Ali named Secy Railway Board

Pakistan Railways posted Syed Mazhar Ali Shah, a BS-20 officer of Railways, as Secretary Railway Board (BS-21), Ministry of Railways.

Published 14 Nov, 2019 12:00am

NA body voices concern Railways' safety steps

National Assembly Standing Committee on Railways has expressed serious concerns over the Railways' safety measures taken for passengers, observing these are not compatible with the international safety measures adopted by other countries.

Published 14 Nov, 2019 12:00am

S Asian region can trigger nuclear fury if Kashmir dispute remains unresolved: Alvi

President Dr Arif Alvi on Wednesday cautioned the world community that South Asian region could trigger a nuclear fury if important issues such as Kashmir dispute remain unresolved.

Published 14 Nov, 2019 12:00am

PTI govt doing politics on Nawaz's health: Zubair

Former Sindh Governor and PML-N leader Muhammad Zubair Wednesday rejected the Cabinet-Sub-committee's decision regarding submission of indemnity bond prior to Nawaz Sharif's travel abroad for medical treatment, said the government is doing politics on the

Published 14 Nov, 2019 12:00am

Buzdar for immediate steps to improve traffic system

The Punjab chief minister Sardar Usman Buzdar Wednesday accorded approval to recruit traffic wardens on approved 1400 vacant posts and also directed to start anti-encroachment campaign on roads to ensure smooth flow of traffic.

Published 14 Nov, 2019 12:00am

Illegal assets, money laundering case: AC extends judicial remand of Hamza till 28th

An accountability court on Wednesday extended judicial remand of leader of opposition in Punjab Hamza Shahbaz in illegal assets/money laundering case till November 28.

Published 14 Nov, 2019 12:00am

Business & Economy

Raw materials import: LCCI hails SBP for allowing $10,000 advance payment

Lahore Chamber of Commerce and Industry (LCCI) on Wednesday welcomed the State Bank of Pakistan's decision to allow advance payments up to $10,000 per invoice on behalf of importers/exporters for import of raw materials and spare parts.

Published 14 Nov, 2019 12:00am

Business & Economy

BMP opposes another 31 percent hike in gas prices

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has warned the governments of increasing up to 31 percent gas price, as gas companies have sought an increase of up to Rs194 per unit in their tariffs.

Published 14 Nov, 2019 12:00am

Renewal of GSP-Plus status: France, Germany announce to support Pakistan

French Ambassador Marc Barety and German Ambassador Bernhard Schlagheck in a joint meeting with the Punjab Governor Chaudhry Mohammad Sarwar on Wednesday announced to support the renewal of GSP-Plus status to Pakistan by the European Union (EU).

Published 14 Nov, 2019 12:00am

Reference against: Khwaja brothers AC adjourns hearing till 21st

An accountability court on Wednesday recorded the statements of two prosecution witnesses and directed the NAB to present more witnesses on next hearing in a reference against former Railway Minister Khwaja Saad Rafiq and Brother Salman Rafiq. The NAB als

Published 14 Nov, 2019 12:00am

Articles

Partly Facetious : What do clothes make?

"How to be big hearted gracefully!"

Updated 14 Nov, 2019 07:29am

Taxes

Gulberg Greens Farm Houses: value of residential and commercial properties fixed

The Federal Board of Revenue (FBR) has fixed values of residential and commercial properties located in area of Gulberg Greens Farm Houses (4kanal and above) for assessment of tax in Rawalpindi.

Updated 14 Nov, 2019 06:35am

Telecommunication

QMobile collaborates with Telenor Pakistan to bring country's first 4G mobile

QMobile has joined hands with Telenor Pakistan as part of its ambition to connect Pakistan and commitment to offer devices for every individual in multiple price ranges. QMobile and Telenor Pakistan have entered into a latest partnership to bring Pakistan

Updated 14 Nov, 2019 11:00am

Business & Economy

ECO-CCI meeting: representatives discuss tourism, transportation, Arbitration

Representatives of the Chambers of Commerce & Industry of 9 member countries including Afghanistan, Iran, Kazakhstan, Kyrgyz Republic, Turkey, Turkmenistan, Uzbekistan, Pakistan and Tajikistan participated in the first session of specialised committees me

Published 14 Nov, 2019 12:00am

NAB authorises inquiries' closure due to absence of evidence

The Executive Board Meeting (EBM) of National Accountability Bureau was chaired by chairman NAB former Justice Javed Iqbal at NAB Headquarters on Wednesday.

Published 14 Nov, 2019 12:00am

Brief Recordings

Al Shaheer Foods

Al Shaheer Foods, established in 2008, stands today as one the major meat exporters of Pakistan. Under its name, ASC owns two brands, namely Meat One which came into being in 2010, and Khaas which commenced in 2014. In 2014, it was listed on the stock exc

Updated 12 Nov, 2020 03:27pm

Guaido, Maduro supporters face off inside Venezuela embassy in Brazil

Military police surrounded Venezuela's embassy in Brazil Wednesday as rival supporters of opposition leader Juan Guaido and President Nicolas Maduro faced off inside in a struggle for control of the diplomatic compound.

Published 14 Nov, 2019 12:00am

7 soldiers killed in missile attack in Yemen

Seven Yemeni soldiers were killed in a missile attack Wednesday in the central province of Marib held by the Saudi-led coalition, a medic and military official said.

Updated 14 Nov, 2019 06:46am

Chaos in Hong Kong as pro-democracy protests 'blossom everywhere'

Pro-democracy protesters Wednesday stepped up a "blossom everywhere" campaign of road blocks and vandalism across Hong Kong that has crippled the international financial hub this week and ignited some of the worst violence in five months of unrest.

Published 14 Nov, 2019 12:00am

At least 12, including children, killed in Kabul blast

At least 12 people, including three children, were killed when a minivan packed with explosives rammed into a vehicle carrying foreigners during Kabul's morning rush hour Wednesday, officials said.

Published 14 Nov, 2019 12:00am

EU changes title for migration commissioner after outcry

The incoming European Commission chief has changed the title of her migration commissioner from "Protecting our European Way of Life" following criticism it had far-right connotations, an EU official said Wednesday.

Published 14 Nov, 2019 12:00am

Iranian man arrested in Sweden over 1988 executions

Sweden on Wednesday remanded an Iranian man in custody, suspected of war crimes and murders committed in Iran in the summer of 1988, Swedish prosecutors said. The 58-year-old man, who was not named, was arrested on Saturday when he arrived at Stockholm's

Published 14 Nov, 2019 12:00am

IT & Computers

Facebook nixes billions of fake accounts

Facebook on Wednesday said it has nixed 5.4 billion fake accounts already this year, in a sign of a persistent battle on social media against manipulation and disinformation.

Published 14 Nov, 2019 12:00am

Delhi smog hits 'emergency' levels

The Indian capital's notorious air pollution hit "emergency" levels again Wednesday, coinciding with a visit by Britain's Prince Charles.

Published 14 Nov, 2019 12:00am

Suu Kyi named in Argentine lawsuit over crimes against Rohingya

Former democracy icon Aung San Suu Kyi is among several top Myanmar officials named Wednesday in a case filed in Argentina for crimes against Rohingya Muslims, the first time the Nobel Laureate has been legally targeted over the crisis.

Published 14 Nov, 2019 12:00am

UK PM disowns crude attack on election rival

British Prime Minister Boris Johnson on Wednesday sought to distance himself from a crude attack on the opposition Labour party, which his Conservative party had pre-briefed to journalists.

Published 14 Nov, 2019 12:00am

Egypt rejects UN expert report labeling Morsi death 'arbitrary killing'

An Egyptian government minister slammed a UN expert who warned that former president Mohamed Morsi's death in June could amount to a "state-sanctioned arbitrary killing", but said Cairo was investigating.

Published 14 Nov, 2019 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,256. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.151 billion and the numbers of lots traded 6,048.

Published 14 Nov, 2019 12:00am

Commodities

Euronext wheat futures close higher

Euronext wheat futures ended higher on Tuesday, supported by a weather-fuelled rally on the US market that helped Paris prices hold above a one-week low.

Published 14 Nov, 2019 12:00am

Commodities

CBOT wheat futures jump

Chicago Board of Trade (CBOT) wheat futures rallied on Tuesday on concerns about cold weather hurting recently planted crops in the US Plains, traders said.

Published 14 Nov, 2019 12:00am

Commodities

China's iron ore, steel futures jump on supply concerns

China's steel futures bounced back on Tuesday, snapping three sessions of losses, as fresh winter anti-pollution plans issued by the environment ministry raised supply concerns.

Published 14 Nov, 2019 12:00am

Energy

US natural gas futures rise on cooler weather

US natural gas futures rose almost 2% on Tuesday on forecasts for more cold weather and heating demand over the next two weeks than previously expected.

Updated 14 Nov, 2019 06:35am

Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 205,742 tonnes of cargo comprising 118,317 tonnes of import cargo and 87,425 tonnes of export cargo including 9,202 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 14 Nov, 2019 12:00am

Cotton & Textile

Cotton prices fall on slow business

Prices drifted lower on the cotton market on the Wednesday in the process of slow business activity, dealers said.

Published 14 Nov, 2019 12:00am

Commodities

Canadian canola futures slip

ICE Canadian canola futures slipped on Tuesday, tumbling with palm oil and soyaoil, rival products used to make vegetable oil. Unharvested crops in Western Canada have not added much price support because of ample carry-over supplies from the previous har

Published 14 Nov, 2019 12:00am

Commodities

CBOT soyabean futures stabilize after five-week low

Chicago Board of Trade (CBOT) soyabean futures closed near unchanged on Tuesday as the market stabilized after reaching a five-week low earlier in the session.

Published 14 Nov, 2019 12:00am

Money & Banking

Kiwi soars in Asia

The beaten-up New Zealand dollar soared 1% on Wednesday after the central bank unexpectedly left interest rates on hold, while most other major currencies were little changed.

Updated 14 Nov, 2019 06:40am

Money & Banking

Swiss franc climbs against euro in Europe

The Swiss franc rallied to a one-month high against the euro on Wednesday as hedge funds unwound some of their negative bets against the currency and as appetite for risky assets faltered due to the intensifying unrest in Hong Kong.

Updated 14 Nov, 2019 06:40am

Money & Banking

Early trade in New York: dollar Stabilises as case for Fed rate pause solidifies

The US dollar was stable on Wednesday after consumer prices in October rose more than expected and Federal Reserve Chair Jerome Powell offered an optimistic outlook for the economy, further solidifying the case for the central bank to pause its monetary e

Published 14 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular