News Archives for Print - 2019-11-15

Print - 2019-11-15

Government demanding 'ransom': Shahbaz

Rejecting the government's conditional decision to allow Nawaz Sharif to travel abroad for medical treatment, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif Thursday blamed the government of playing 'dirty politics' with the three-time form

Published 15 Nov, 2019 12:00am

Tomatoes to be imported from Iran to cut down prices: minister

The skyrocketing price of tomato in the country will decline in the next few days as the government has allowed its import from Iran while new crop from Sindh will also reach the market in the next few weeks, said Federal Minister for National Food Securi

Published 15 Nov, 2019 12:00am

Seminar on World Diabetes Day held at DUHS

Experts said that the numbers of diabetes patients in Pakistan are over 10 million while 8.5 million people are not even aware that they are suffering from diabetes. This is the reason that Pakistan is among top 10 countries where diabetes is increasing a

Published 15 Nov, 2019 12:00am

India resumes buying Malaysian palm oil

Indian refiners have resumed buying Malaysian palm oil after a near one-month suspension linked to a political row as Kuala Lumpur began offering a $5 a tonne discount over supplies from rival Indonesia, five traders told Reuters on Thursday.

Published 15 Nov, 2019 12:00am

Cross-border trade: ADB identifies major impediments

The Asian Development Bank (ADB) has pointed out major impediments that are detrimental to Pakistan's competitiveness in cross-border trade, ie, time taken to clear border-crossing point, transportation cost and cost incurred at border clearance.

Published 15 Nov, 2019 12:00am

July-October exports up 3.81 percent YoY

Pakistan's exports during July-October 2019 witnessed a growth of 3.81 percent against the same period of 2018, said Pakistan Bureau of Statistic (PBS) Thursday.

Published 15 Nov, 2019 12:00am

Hafeez highlights importance of private sector

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh has stated that bringing back money from abroad is almost impossible and the only way to do so is to introduce a policy regime in such a way that it becomes attractive to bring back money fr

Published 15 Nov, 2019 12:00am

Stocks

PSX extends gains: BRIndex100 little changed

Pakistan Stock Exchange Thursday witnessed a mixed trend as investors remained cautious amid concerns over various issues.

Updated 15 Nov, 2019 06:26am

Senate chairman urges govt to send Nawaz abroad

In an unusual move, Chairman Senate Sadiq Sanjrani, while presiding over the Senate session on Thursday, urged the government to "immediately send former prime minister Nawaz Sharif abroad for urgent medical treatment" and also to provide best medical tre

Published 15 Nov, 2019 12:00am

NAB acquiesces to indemnity bond move

The National Accountability Bureau (NAB) has said that the government may take any decision on its discretion with respect to removal of Nawaz Sharif's from exit control list (ECL) but it should evolve a mechanism to ensure that if Sharif is permitted to

Published 15 Nov, 2019 12:00am

Indemnity bond condition: LHC seeks replies from govt, NAB

A division bench of the Lahore High Court (LHC) on Thursday sought replies from the federal government and the National Accountability Bureau (NAB) by Friday (today) in response to a petition of Nawaz Sharif through which he has challenged the condition o

Published 15 Nov, 2019 12:00am

PM describes India as real problem in region

Prime Minister Imran Khan has said that real problem in the region is India as the country is in the grip of an extremist racist ideology that considers other nations inferior.

Published 15 Nov, 2019 12:00am

Lightning claims at least 22 lives in Sindh

At least 22 people, including women and children, have reportedly been killed due to lightning in different parts of Tharparkar and Sanghar districts in Sindh.

Published 15 Nov, 2019 12:00am

Xi invites Modi to visit again next year

Chinese President Xi Jinping has invited Indian Prime Minister Narendra Modi to visit China again next year after two informal summits between the men in each other's countries, despite deep disagreement over the disputed Kashmir region. Xi and Modi met i

Published 15 Nov, 2019 12:00am

RLNG-based power plant at Trimmu: CPPA-G facing distress for not being consulted

Central Power Purchasing Agency- Guaranteed (CPPA-G) is reportedly facing immense distress for not being consulted on 1263 MW RLNG-based combined cycle power plant at Trimmu(Jhang), arguing that it will put additional burden of Rs 143 billion on consumers

Published 15 Nov, 2019 12:00am

Variation in Power Purchase Price: Government seeks 17 paisa/unit increase in tariff of Discos

The federal government has sought 17 paisa per unit increase in tariff of power Distribution Companies to collect additional Rs 17.204 billion from consumers on account of variation in Power Purchase Price (PPP) for the quarter July to September 2019

Published 15 Nov, 2019 12:00am

Literary stars call on Modi to restore Taseer's citizenship

Top prize winners Margaret Atwood, Orhan Pamuk and J.M. Coetzee led more than 250 literary and journalist luminaries who called Thursday on India's Prime Minister Narendra Modi to revoke an order stripping writer Aatish Taseer of his "overseas citizenship

Published 15 Nov, 2019 12:00am

No broker can make blank sale: SECP

The Securities and Exchange Commission of Pakistan (SECP) Thursday conveyed to the stock market brokers that no securities broker shall make a blank sale either for its own account or for the customers' accounts except in the manner and to such extent as

Published 15 Nov, 2019 12:00am

JUI-F protesters block GT Road, other highways

Thousands of anti-government protesters blocked highways across Pakistan on Thursday in a bid to oust prime minister Imran Khan, though the disruption fell short of what organisers had planned.

Published 15 Nov, 2019 12:00am

About 1,000 persons in internment centres, SC told

Chief Justice Asif Saeed Khan Khosa has said that the US has set up internment centers outsides its jurisdiction in Guantanamo Bay for keeping terrorists arrested from different countries, but in Pakistan these are established within the country to keep i

Published 15 Nov, 2019 12:00am

Letters

'Opening the corridors to peace'

Business Recorder op-ed writer Andleeb Abbas has articulated a highly informed argument in her last op-ed for Business Recorder. According to her, for example, "Most consider it as a smart political move by Pakistan. This is not just a polit

Updated 15 Nov, 2019 11:19am

Articles

NY exhibition 'details' 10-year hunt for Osama

With a model of the Pakistani villa where he lived and a video of Barack Obama explaining his hesitancy about approving the raid, a new exhibition details the operation that killed 9/11 mastermind Osama bin Laden.

Updated 15 Nov, 2019 10:16am

Articles

Approaching optimal SEZs - I

The government intends to pick up the pace on Special Economic Zones (SEZs). This indeed is important for infusing energy into the lacklustre performance of both large-scale manufacturing and the stubbornly low and undiversified exports. Moreover, this wi

Published 15 Nov, 2019 12:00am

Articles

Flawed tax reforms agenda - I

Prime Minister Imran Khan's address to the top officials of Federal Board of Revenue (FBR) on November 13, 2019 showed that his three-year-long tax reforms plan, approved on October 3, 2019, lacks proper homework, pragmatic research and solid planning. Af

Updated 15 Nov, 2019 10:40am

A war without end

In an interview with ABC TV on November 9, 2019, US Chairman Joint Chiefs of Staff General Mark Miley has predicted that US troops would remain in Afghanistan for several more years to add to the 18 years they have already spent there. He reminded us that

Updated 15 Nov, 2019 06:16am

Oiling the tax machinery

Prime Minister Imran Khan has stated that the objective of the meeting with Grade 21 and 22 Federal Board of Revenue (FBR) officials at the Prime Minister's office was to get their feedback and suggestions to "restore confidence of businesspersons and gen

Updated 15 Nov, 2019 06:18am

ECO countries: Sindh governor for developing trade, investment ties

Governor of Sindh Imran Ismail has urged for developing significant trade, investment ties and technological transfers among ECO member countries.

Published 15 Nov, 2019 12:00am

Mineral dept, SBBU ink MoU for research in mineral sector

Khyber Pakhtunkhwa Mineral department and Shaheed Benazir Bhutto University (SBBU) Sharingle Thursday signed memorandum of understanding (MoU) for promoting research in mineral sectors.

Published 15 Nov, 2019 12:00am

'Undeserving people getting Sehat Insaf Cards'

Raising serious objections, the National Assembly Standing committee on Interior on Thursday said that undeserving people are getting Sehat Insaf Cards.

Published 15 Nov, 2019 12:00am

Business & Economy

FSA team visitS LCCI

A 19-member delegation of Foreign Services Academy Thursday visited the Lahore Chamber of Commerce & Industry (LCCI) and had over two hours long meeting with the LCCI vice-president Mian Zahid Jawaid Ahmad about the state of economy in the country.

Published 15 Nov, 2019 12:00am

IT & Computers

Women empowerment through ICT: IT ministry starts work on 'Baytee' programme

Ministry of Information Technology and Telecommunication has started work on the programme titled "Baytee" which is aimed at empowering women through information and communication technologies (ICT).

Published 15 Nov, 2019 12:00am

Free hepatitis screening camp held

The wife of Governor Punjab Begum Perveen Sarwar has arranged a free hepatitis screening camp at Allama Iqbal International Airport where free screening of staff of Civil Aviation Authority (CAA), pilots, air-hostesses, Airport Security Force (ASF) person

Published 15 Nov, 2019 12:00am

Officers warned against negligence in price-hike campaign

Chief Secretary Punjab Yousaf Naseem Khokhar on Thursday warned the officers against negligence in campaign against price-hike, saying that timely redress of consumers' complaints about profiteering and hoarding be ensured as no laxity would be tolerated

Published 15 Nov, 2019 12:00am

Quake jolts parts of KP, other cities

An earthquake on Thursday jolted Peshawar, Swat, Chitral, and several other cities of Khyber Pakhtunkhwa.

Published 15 Nov, 2019 12:00am

PPP rejects increase in wheat support price

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has rejected the increase of Rs 50 per 40kg in wheat support price. He proposed that wheat support price should at least be increased to Rs 1,600 per 40kg. He said that the world over, wheat pri

Published 15 Nov, 2019 12:00am

Jinnah Convention Centre: Three Consortiums selected as financial adviser for sell-off

Privatisation Commission (PC) has selected Consortium of EY Ford Rhodes, Haidermota & Co and Oceanic Surveyor Pvt Ltd as financial adviser for privatisation of Jinnah Convention Centre.

Published 15 Nov, 2019 12:00am

DSP killed in Peshawar

Deputy Superintendent of Police (DSP) in Counter Terrorism Department, Ghaniur Rehman Khan on Thursday has embraced martyrdom in a gun attack on his car in Peshawar.

Published 15 Nov, 2019 12:00am

Nawaz's ECL issue: PBC condemns govt for its inhuman, callous conduct

Vice chairman Pakistan Bar Council Syed Amjad Shah has strongly condemned the federal government for its inhuman and callous conduct of creating impediments in the process of proceedings abroad of Mian Muhammad Nawaz Sharif for his medical treatment

Published 15 Nov, 2019 12:00am

Cotton & Textile

Ministry urged to allow cotton import from Mozambique, Mali & Tajikistan

All Pakistan Textile Mills Association (APTMA) has urged the Ministry of Commerce and Textile to lift restrictions on import of cotton from Mozambique, Mali and Tajikistan, sources in Textile Division told Business Recorder.

Updated 15 Nov, 2019 06:22am

PTI govt has no capability for reviving economy: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that the country is passing through a very critical phase under which different challenges have emerged and the foremost challenge is revival of economy which does not seem to be embarking upon the right t

Published 15 Nov, 2019 12:00am

Punjab Assembly session on Monday

The Governor Punjab, Ch Muhammad Sarwar, has summoned the session of the Punjab Assembly on Monday, 18 November 2019 at 3.00p.m.

Published 15 Nov, 2019 12:00am

Reko Diq mining contract case: Nation to hear good news soon, minister tells NA

Federal Minister for Communications Murad Saeed on Thursday informed the National Assembly that nation will shortly get good news regarding $5.9 billion penalty on Pakistan in the terminated Reko Diq mining contract case.

Published 15 Nov, 2019 12:00am

Qaimkhani's judicial remand extended till 28th

The Accountability Court hearing the multibillion rupees fake bank accounts case on Thursday extended judicial remand of Liaquat Qaimkhani, former Director General (Parks), Karachi Metropolitan Corporation (KMC).

Published 15 Nov, 2019 12:00am

PTI government will be forced to resign before 2020: Fazl

Jamiat-e-Ulema Islam-Fazl (JUI-F) Emir, Maulana Fazlur Rehman has said that the present government led by Pakistan Tehreek-e-Insaf (PTI) will be forced to resign before 2020.

Published 15 Nov, 2019 12:00am

Firdous's rebuttal to Shahbaz's media talks

In response to PML-N President Shahbaz Sharif's press conference on the issue of Nawaz Sharif, Adviser to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said the PTI government facilitated Nawaz Sharif on the human grounds.

Published 15 Nov, 2019 12:00am

No-trust vote against deputy speaker: NA speaker to hold meeting with opposition today

Speaker National Assembly Asad Qaiser would hold an important meeting with opposition today (Friday) to take final decision about the motion of vote of no-confidence against Deputy Speaker Qasim Suri, it is learnt.

Published 15 Nov, 2019 12:00am

IHC reserves verdict on contempt cases against Sarwar, Firdous

The Islamabad High Court (IHC) on Thursday reserved verdict on contempt cases against Federal Minister for Aviation Ghulam Sarwar Khan and Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan after both of them ten

Published 15 Nov, 2019 12:00am

Fawad criticises Nawaz, Zardari

Federal Minister for Science and Technology Chaudhry Fawad Hussain has said that a parliamentary committee should be constituted to monitor the health of Pakistan Muslim League-Nawaz (PML-N) supreme leader Nawaz Sharif on daily basis.

Published 15 Nov, 2019 12:00am

Money & Banking

Sending Nawaz abroad for treatment: Treasury-opposition's face-to-face encounter on 'delaying tactics'

The treasury and opposition benches came face to face on Thursday on alleged 'delaying tactics' of the government to send ex-premier Nawaz Sharif abroad for treatment with PML-N's Khawaja Asif accusing the government of playing with Sharif's life.

Updated 15 Nov, 2019 06:22am

Transfers, postings in Railways

Divisional Superintendent (DS) Pakistan Railways Karachi Division, Syed Mazhar Ali Shah has been transferred and posted as Secretary Railways Board Islamabad, whereas Nisar Memon has been posted again as DS Karachi Division, with an immediate effect till

Published 15 Nov, 2019 12:00am

Sindh government challenges NAB Ordinance 2019 in SC

The Government of Sindh on Thursday challenged National Accountability (Amendment) Ordinance 2019 in Supreme Court (SC) on the pretext of being incompatible with Sindh Prison Act.

Published 15 Nov, 2019 12:00am

KMC removes encroachments from 3 districts

Karachi Metropolitan Corporation (KMC) on Thursday removed illegal structures at different parts of the city. Two persons were arrested for resisting the anti-encroachment action in district east.

Published 15 Nov, 2019 12:00am

Taxes

Billions of rupees refunds stuck: APTMA urges govt to restore zero-rated regime

All Pakistan Textile Mills Association (APTMA) has urged the government to restore zero-rated regime for textile sector as it has failed to honour its commitment to pay fast-track refunds.

Updated 15 Nov, 2019 06:29am

PIA, Etihad Airways re-launch codeshare partnership

Pakistan International Airlines (PIA) and Etihad Airways (Etihad), the national airline of the UAE, have re-launched their codeshare partnership to provide their customers with greater access to both airlines' trunk routes between the UAE and Pakistan, an

Published 15 Nov, 2019 12:00am

PTI govt has made people's lives miserable: minister

Sindh Local Government Minister Syed Nasir Hussain Shah has said that the present federal government is incompetent and has made people's live miserable.

Published 15 Nov, 2019 12:00am

Business & Economy

3300 buildings declared as heritage in Sindh, PA told

About 3300 constructions have been declared as heritage in the province, Sindh Culture, Tourism and Antiquities Minister, Syed Sardar Ali Shah told the Sindh Assembly on Thursday, saying that now tourists can book rest houses online.

Published 15 Nov, 2019 12:00am

DBRIU sets up office in Sindh investment dept

Sindh government has established a dedicated Doing Business Reforms Implementation Unit (DBRIU) in Sindh Investment Department.

Published 15 Nov, 2019 12:00am

Business & Economy

China to be requested to finance KCR project

Pakistan will shortly request the Chinese authorities for financing to revive Karachi Circular Railways (KCR) project.

Published 15 Nov, 2019 12:00am

1,136 awarded degrees at University of Wah's convocation

Eighth Commencement of University of Wah was held on Thursday, 2019 at University Auditorium. Governor of the Punjab and Chancellor University of Wah Mohammed Sarwar graced the Commencement Ceremony as chief guest.

Published 15 Nov, 2019 12:00am

Energy

Gas supply being restored to normal levels in Balochistan

Natural gas demand has a wide seasonal impact between the summer and winter months. Demand for gas increases four times more in winters than in summers in areas such as Balochistan that experience bitterly cold weather. This mainly arises due to the space

Updated 15 Nov, 2019 06:29am

IT & Computers

IT minister visits U Microfinance Bank headquarters

Federal Minister for Information Technology and Telecommunication Dr. Khalid Maqbool Siddiqui visited the U Microfinance Bank Ltd Headquarters here on Wednesday.

Published 15 Nov, 2019 12:00am

Over 19 million adults affected: IDF sounds alarm over rising incidence of diabetes in Pakistan

On World Diabetes Day, the International Diabetes Federation (IDF) has released new figures that highlight the alarming growth in the prevalence of diabetes around the world.

Published 15 Nov, 2019 12:00am

Sit-in of PLRA employees continues

The sit-in of the employees of the Punjab Land Record Authority (PLRA) in front of the provincial assembly continued for the fourth consecutive day on Thursday.

Published 15 Nov, 2019 12:00am

Business & Economy

Misuse of used cars' import scheme making inroads again

The import of used cars is once again witnessing surge as the importers have found a way to misuse the current stringent import policy.

Published 15 Nov, 2019 12:00am

Punjab Assembly: PML-N members resign from standing committees

The Pakistan Muslim League Nawaz (PML-N) members of the standing committees of Punjab Assembly on Thursday submitted their resignations to the Speaker.

Published 15 Nov, 2019 12:00am

Punjab PDWP approves three uplift schemes

The Punjab Provincial Development Working Party approved three development schemes of Agriculture Sector, Specialized Healthcare & Medical Education (SHC&ME) and Irrigation Sector with an estimated cost of Rs10808.375 million.

Published 15 Nov, 2019 12:00am

Cotton & Textile

'Pakistan must explore $10.8bn textile market of Texas'

Pakistan must exploit its expertise in textile sector to get a lion's share from US$10.8 billion textile market of Texas, said Miss Alicia Dean marketing consultation of Austin. She was addressing a meeting in Faisalabad Chamber of Commerce & Industry (FC

Updated 15 Nov, 2019 06:36am

LG polls: Buzdar for completing electoral rolls by first week of December

Punjab Chief Minister Usman Buzdar, while chairing a meeting, here on Thursday, reviewed preparations regarding elections for "Village Panchayat & Neighbourhood Councils" and Local Bodies and directed to complete electoral rolls by the first week of Decem

Published 15 Nov, 2019 12:00am

Light rain drops hazardous for Lhr's air quality

Light rain in the city resulted in a drop in the hazardousness of the air quality on Thursday. Various parts of the city including Abbot Road, Lakshmi Chowk, Gari Shahu and other areas registered spells of light rain in the second half of the day.

Published 15 Nov, 2019 12:00am

Articles

Partly Facetious : It's a prohibitively large sum!

"So 48 million dollar indemnity bond, hunh! I mean that is a prohibitively large sum and..."

Updated 15 Nov, 2019 08:08am

AML, CFT framework: Errant AMC told to furnish time-bound compliance plan

One of the largest fund managers, which is a public limited company licensed to undertake business of asset management and investment advisory services, remained non-compliant with respect to Anti-Money Laundering (AML) and Countering Financing of Terrori

Published 15 Nov, 2019 12:00am

Bilawal chairs PPP meeting

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari chaired a party meeting at Zardari House Islamabad regarding the preparations for the founding day. The leadership of PPP Azad Kashmir briefed Chairman Bilawal about the arrangements.

Published 15 Nov, 2019 12:00am

Money & Banking

Online bank accounts: BMP urges govt to facilitate expatriates

Secretary General (Federal) of the Businessmen Panel (BMP) and former Chairman FPCCI Standing Committee, Ahmad Jawad has suggested that the government should ask State Bank of Pakistan to work out a mechanism with the help of NADRA to open banking account

Updated 15 Nov, 2019 06:41am

Brief Recordings

An interview with Ali Sultan, Group Head, Global Treasury and Capital Markets - Bank Alfalah Ltd.

'Structural reforms and liberalisation key in opening up debt market'

Updated 15 Nov, 2019 06:35am

ICC approves probe into alleged Myanmar Rohingya abuse

The International Criminal Court on Thursday approved a full investigation into Myanmar's alleged crimes against the Rohingya, as the southeast Asian nation faced mounting legal pressure worldwide over their fate.

Published 15 Nov, 2019 12:00am

US gives assurances on Islamic State fight but asks allies for more

Secretary of State Mike Pompeo promised allies Thursday that the United States would keep up the fight against the Islamic State but demanded action from them in turn, including the repatriation of thousands of jihadists from Syria.

Published 15 Nov, 2019 12:00am

China completes Mars lander test ahead of 2020 mission

China on Thursday completed a test of its Mars exploration lander ahead of Beijing's first mission to the red planet slated for 2020. Beijing is pouring billions into its military-run space programme, with hopes of having a crewed space station by 2022.

Published 15 Nov, 2019 12:00am

Strong 7.1 earthquake off Indonesia

A strong 7.1-magnitude earthquake hit off the coast of North Maluku province in eastern Indonesia early Friday, seismologists said, with the US tsunami warning centre saying a tsunami was not expected.

Published 15 Nov, 2019 12:00am

Kuwait PM, cabinet quit after disputes with parliament

The Kuwaiti prime minister resigned on Thursday along with his cabinet, officials said, amid allegations of infighting between ministers and criticism of their performance.

Published 15 Nov, 2019 12:00am

EU launches legal case against Britain over commission post

The EU on Thursday launched a legal case against Britain for failing to nominate a commissioner, in the midst of a British election campaign already dominated by Brexit.

Published 15 Nov, 2019 12:00am

One killed in California school shooting

One person was killed and least four others injured in a shooting at a high school north of Los Angeles Thursday, triggering a police hunt for a student who was found wounded and taken into custody.

Updated 15 Nov, 2019 07:04am

Teenage shooter kills one, injures three in Russian college

A 19-year-old student in Russia's Far East opened fire in his college Thursday morning, killing one classmate and injuring three other people before shooting himself, investigators said.

Published 15 Nov, 2019 12:00am

Xi warns Hong Kong protesters jeopardise 'one country, two systems'

China's President Xi Jinping warned Thursday that protests in Hong Kong threaten the "one country, two systems" principle governing the semi-autonomous city that has tipped into worsening violence with two dead in a week.

Updated 15 Nov, 2019 07:30am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,270.

Published 15 Nov, 2019 12:00am

Commodities

Brazil's CS sugar season ends earlier due to dry weather

Brazil's center-south is approaching the end of this year's sugarcane season much earlier than expected, as drier-than-normal weather during most of the last weeks sped up harvesting and led to several mills announcing the end of crushing.

Published 15 Nov, 2019 12:00am

Commodities

US wheat futures down

US wheat futures tumbled on Wednesday as concerns eased about the risk of cold weather damaging recently planted crops in the US Plains, traders said.

Published 15 Nov, 2019 12:00am

Commodities

European wheat futures fall in light trading

European wheat futures in Paris fell in light trading on Wednesday under pressure from a slide in US markets, although the weaker trend in the euro kept losses in check.

Published 15 Nov, 2019 12:00am

Energy

US natural gas futures fall to two-week low

US natural gas futures slipped to a two-week low on Wednesday on forecasts for less cold weather and lower heating demand next week than this week.

Updated 15 Nov, 2019 06:41am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 207,001 tonnes of cargo comprising 148,686 tonnes of import cargo and 58,315 tonnes of export cargo including 10,382 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 15 Nov, 2019 12:00am

Cotton & Textile

Modest trade activity on cotton market

Prices fluctuated marginally on the cotton market on Thursday in the process of modest trade activity, dealers said.

Updated 15 Nov, 2019 06:41am

Commodities

CBOT corn futures fall

Chicago Board of Trade (CBOT) corn futures sagged on Wednesday under pressure from losses in the neighbouring wheat market, traders said.

Published 15 Nov, 2019 12:00am

Commodities

Canadian canola futures ease

ICE Canadian canola futures eased on Wednesday on spillover pressure from rival oilseeds, trading in thin volumes.

Published 15 Nov, 2019 12:00am

Commodities

CBOT soyabean futures weaker

Chicago Board of Trade (CBOT) soyabean futures closed weaker on Wednesday on diminishing hopes for a deal to ease the trade war with China, traders said.

Published 15 Nov, 2019 12:00am

Money & Banking

Deal doubts lifts yen; Aussie falls in Asia

Doubts over whether the United States and China will be able to reach a preliminary trade deal helped to lift safe-haven currencies such as the yen and the Swiss franc on Thursday, while pulling the yuan lower.

Updated 15 Nov, 2019 06:42am

Money & Banking

Dollar rises to near one-month highs in Europe

The dollar recovered from earlier lows as weak economic data and concern about whether Beijing and Washington will reach a trade deal burnished its appeal as a safe haven.

Updated 15 Nov, 2019 06:42am

Money & Banking

Early trade in New York: Risk-off move boosts yen against dollar

The US dollar fell against the Japanese yen on Thursday morning, though it was steady against the euro, on diminished risk appetite amid ongoing political turmoil in Hong Kong and weak data from Asia and Europe.

Updated 15 Nov, 2019 06:43am

Money & Banking

Dollar falls against yen, Swiss franc in NY

The US dollar fell against the Japanese yen and the Swiss franc, traditional safe-haven investments, after media reports that trade talks between the US and China had "hit a snag" over farm purchases.

Updated 15 Nov, 2019 06:43am

Money & Banking

Turkish lira weakens slightly

The Turkish lira weakened on Thursday after US President Donald Trump pushed President Tayyip Erdogan to walk away from the purchase of a Russian missile defence system, calling it a "very serious challenge" to bilateral ties.

Updated 15 Nov, 2019 06:49am

Money & Banking

Most Asian currencies ease

Most Asian currencies eased on Thursday after dismal economic data out of China highlighted the fallout from a 16-month trade war with the United States.

Updated 15 Nov, 2019 06:48am

Money & Banking

Aussie stumbles on poor jobs

The Australian dollar skidded to a one-month low on Thursday after a worryingly weak reading on employment re-ignited speculation about another cut in interest rates, or perhaps even something more drastic.

Updated 15 Nov, 2019 06:48am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular