News Archives for Print - 2019-11-17

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Print - 2019-11-17

Rates

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Money & Banking

THE RUPEE: firmer trend

Firmer trend was seen on the local currency market on Saturday as the rupee managed to hold present levels against the dollar in the process of trading activity, dealers said.

Published 17 Nov, 2019 12:00am

Rates

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 16, 2019)

Published 17 Nov, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 16, 2019).

Published 17 Nov, 2019 12:00am

General News

The Weather

The weather report on Saturday (November 16, 2019) and the forecast for Sunday (November 17, 2019).

Published 17 Nov, 2019 12:00am

Rates

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (October 01 to 31, 2019)

Published 17 Nov, 2019 12:00am

General News

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Nov, 2019 12:00am

USDA says exporters sell 129,000 tonnes of soyabeans to China

China bought 129,000 tonnes of US soyabeans for delivery during the current marketing year, the US Agriculture Department said on Thursday.

Published 17 Nov, 2019 12:00am

Cricket

First list of Gold Category foreign players for HBL PSL 2020 released

The Pakistan Cricket Board (PCB) has released the preliminary list of Gold Category foreign players for the HBL Pakistan Super League Player Draft 2020 as well as a list of 325 local players who have been assigned Gold, Silver and Emerging categories.

Published 17 Nov, 2019 12:00am

Cricket

Poor Pakistan preparation will hurt tourists Down Under: Dean Jones

Pakistan's hopes of upsetting hosts Australia in their upcoming two-match test series have been seriously undermined by their poor preparation schedule, former test batsman Dean Jones believes.

Published 17 Nov, 2019 12:00am

Other

LPC Platinum Homes qualifies for Inter Clubs Polo final

LPC Platinum Homes, after thumping Bahawalpur Polo Club by 81/2-3 here at Lahore Polo & Country Club qualified for the subsidiary final of the Inter Clubs Polo Championship 2019.

Published 17 Nov, 2019 12:00am

Other

Army win 33rd National Games Quaid-e-Azam trophy, KP take fair-play title

Pakistan Army clinched the Quaid-e-Azam Trophy for the 24th times when its secured 7,909 points with 150 gold medals, 134 silver and 96 bronze medals and Khyber Pakhtunkhwa awarded fair-play trophy of the 33rd National Games.

Published 17 Nov, 2019 12:00am

Other

Tsitsipas shocks Federer to reach final at ATP Finals

Stefanos Tsitsipas shocked six-time champion Roger Federer 6-3, 6-4 to reach the final of the ATP Finals in his tournament debut on Saturday.

Published 17 Nov, 2019 12:00am

Football

Naya Nazimabad Sports Gala: Credo College, Lyceum School in football final

Credo College (CC) and The Lyceum School (TLS) reached the Naya Nazimabad Sports Gala Season-I 2019 Inter School/College Floodlight Football Tournament final after securing semi-final wins yesterday.

Published 17 Nov, 2019 12:00am

Cricket

Afghanistan upset West Indies in T20 clash

Afghanistan beat West Indies by 41 runs on Saturday to level their three match Twenty20 series 1-1.

Published 17 Nov, 2019 12:00am

Energy

Asia's naphtha up to one week high

Asia's naphtha crack edged up to hover around one week high of $74.03 a tonne as demand returned following a temporary lull from South Korea, Asia's top importing country. GS Caltex bought heavy full-range naphtha for second-half December delivery at prem

Published 17 Nov, 2019 12:00am

Commodities

Egypt buys 465,000 tonnes of wheat

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC,) said on Thursday it had bought 465,000 tonnes of wheat in an international purchase tender for shipment January 5-15. GASC said the purchase comprised of 120,000 tonnes of Ukr

Published 17 Nov, 2019 12:00am

Cotton & Textile

Lean business seen on cotton market

Lack of buying interest was again witnessed on the cotton market on Saturday in the process of trading, dealers said. The official spot rate was unchanged at Rs 9000, they added. In ready session, about 5,000 bales of cotton changed hands between Rs 8500-

Published 17 Nov, 2019 12:00am

Money & Banking

Dollar slips against euro, pound on trade talk optimism

The dollar was lower on Friday afternoon as some optimism for the ongoing trade talks with China buoyed trade-linked currencies like the euro and the British pound.

Published 17 Nov, 2019 12:00am

Money & Banking

Speculators increase long bets on dollar

Speculators raised their bullish bets on the US dollar in the latest week to the largest position in four weeks, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

Published 17 Nov, 2019 12:00am

Money & Banking

Loonie recovers from one-month low

The Canadian dollar strengthened against its US counterpart on Friday, lagging behind some other commodity-linked currencies but recovering from a one-month low the day before as investors grew more hopeful about a US-China trade deal.

Published 17 Nov, 2019 12:00am

Money & Banking

Sterling to get post-election blues if Labour wins majority

Sterling would receive a post-election bounce of around 3% if British voters give the ruling Conservative Party a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a Reuters poll found.

Published 17 Nov, 2019 12:00am

Money & Banking

Trade truce may not be enough to ignite emerging-market currencies

Emerging-market currencies will need a reprieve from global trade tensions to strengthen as they head into a new year filled with uncertainty and a world economy showing signs of a synchronised slowdown, a Reuters poll of strategists showed.

Published 17 Nov, 2019 12:00am

Money & Banking

Serbia will not weaken dinar to push up inflation

Serbia's central bank will not depreciate a strong dinar to push below-target inflation higher, its governor Jorgovanka Tabakovic said on Thursday. Serbia's inflation in October fell to 1% from 1.1% a month earlier, well below the bank's target of 3%, giv

Published 17 Nov, 2019 12:00am

Stocks

Fund investors retreat from US stocks, jump into foreign markets

Investors pulled nearly $7.5 billion out of mutual funds and exchange-traded funds that hold US stocks last week, extending a retreat from the domestic stock market over six of the last seven weeks, according to data released Wednesday by the Investment C

Published 17 Nov, 2019 12:00am

Stocks

Australia's CBA selling first bond not referencing LIBOR

Australia's Commonwealth Bank is planning to sell A$1 billion ($687.20 million) worth of residential mortgage bonds in the country's first public deal that will not use the local LIBOR-equivalent benchmark, the bank bill swap (BBSW) rate.

Published 17 Nov, 2019 12:00am

Stocks

Wall Street's main indexes at record levels

Wall Street's main stock indexes closed at record levels on Friday, fueled by fresh optimism over a potential calming of US-China trade tensions and by big gains in shares of healthcare companies.

Published 17 Nov, 2019 12:00am

Stocks

Alibaba confirms huge Hong Kong public listing worth at least $13 billion

Chinese technology giant Alibaba on Friday confirmed plans to list in Hong Kong in what it called a $13 billion vote of confidence in the turbulent city's markets and a step forward in its plans to go global.

Published 17 Nov, 2019 12:00am

Stocks

Foreigners buy Asian bonds for sixth straight month in October

Foreigners were net buyers of Asian bonds for a sixth straight month as hopes of an interim US-China trade deal improved risk sentiment and benefited the highest-yielding bonds in the region.

Published 17 Nov, 2019 12:00am

Stocks

MSCI, S&P, Dow Jones, FTSE Russell could fast-track Aramco into indexes

MSCI, the world's biggest index provider, will follow in the footsteps of S&P, Dow Jones and FTSE Russell, which told clients this week that they could fast-track Saudi Aramco's inclusion into their indexes as soon as December.

Published 17 Nov, 2019 12:00am

Huge Czech protest marking Velvet Revolution demands PM quit

Around a quarter-million Czechs flooded central Prague on Saturday to mark 30 years since the Velvet Revolution toppled communism in then-Czechoslovakia, with protesters demanding that billionaire Prime Minister Andrej Babis quit over allegations of graft

Published 17 Nov, 2019 12:00am

Climate protesters block Geneva's private jet terminal

Dozens of climate activists blocked access to the private jet terminal at Geneva airport Saturday, demanding a halt to the "absurd" mode of luxury transportation. Around 100 people took part, organised by pressure group Extinction Rebellion, large groups

Published 17 Nov, 2019 12:00am

Trump asks Japan to hike payments for US troops to $8 billion

US President Donald Trump has asked Japan to quadruple annual payments for US forces stationed there to around $8 billion, Foreign Policy reported, part of Washington's efforts to press its allies to increase their defence spending.

Published 17 Nov, 2019 12:00am

Malaysia's ruling party loses fourth by-election

Malaysia's ruling coalition lost its fourth electoral contest on Saturday since coming to power last May, uncovering deepening cracks in the young alliance mired by uncertainty over a succession plan for its top leadership.

Published 17 Nov, 2019 12:00am

US to extend license for its companies to continue business with Huawei

The Trump administration is set to issue a two-week extension of a license allowing US companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

Published 17 Nov, 2019 12:00am

UAW members ratify Ford labor agreement

Members of United Auto Workers have approved a new labor agreement with auto giant Ford, the union announced late Friday. A preliminary agreement was announced on October 31, which averted a strike similar to the one at General Motors.

Published 17 Nov, 2019 12:00am

S&P downgrades protest-hit Lebanon

S&P Global Ratings Friday downgraded Lebanon's sovereign debt, saying a twin political and economic crisis had hit investor confidence and constrained the government's funding model, which relies on deposit inflows.

Published 17 Nov, 2019 12:00am

Global Business Economy

Boeing says working with regulators for return of 737 MAX

Boeing said on Saturday that it was working closely with regulators to make the necessary changes to grounded 737 MAX aircraft to ensure their safe return.

Published 17 Nov, 2019 12:00am

India drops plan to let forest officials use force after protests

India has dropped plans to give forest officials the right to use force against indigenous people and open up more land for commercial plantations after nationwide protests.

Published 17 Nov, 2019 12:00am

France's MBDA to open missile engineering centre in UAE

France's MBDA and Dassault Aviation plan to open a missile engineering facility and a flight testing centre in the United Arab Emirates, the UAE's defence and security industry enabler Tawazun Economic Council said on Saturday.

Published 17 Nov, 2019 12:00am

Egypt to cut prices of subsidised staples

Egypt is to reduce the prices of subsidised food staples from next month, the supply ministry spokesman said Saturday, as the country's economy shows signs of recovery.

Published 17 Nov, 2019 12:00am

Cotton & Textile

PM urged to help resolve issue of stuck-up ST refunds

Chairman, Pakistan Tanners Association (PTA) Sheikh Afzal Hussain has urged Prime Minister Imran Khan and Minister of Commerce to resolve the issue of stuck-up sales tax refunds of exports and to restore the zero rated status for leather sector of Pakista

Published 17 Nov, 2019 12:00am

Business & Economy

BMP for reducing prices of fertilisers and power tariff's rate

Secretary General (Federal) of the Businessmen Panel and Former Chairman FPCCI Standing Committee on Agriculture Produce, Ch Ahmad Jawad said if the incumbent government wants to uplift the agricultural sector and its share in the GDP before ending of the

Published 17 Nov, 2019 12:00am

Business & Economy

China, Pakistan, Sri Lanka to work for Micro-BRI

"International Research Center for Neo China Socialism desires to work with Employers Federation of Pakistan and Employers Federation of Ceylon on three joint initiatives to achieve the vision of Chinese President Xi Jinping to promote the micro Belt & Ro

Published 17 Nov, 2019 12:00am

Stocks

SECP Policy Board approves several regulations

The Securities and Exchange Policy Board met in Islamabad at the SECP Headquarters under the Chairmanship of Professor Khalid Mirza.

Published 17 Nov, 2019 12:00am

Media's role against Indian atrocities in IoK highlighted

Speakers at a conference held on Saturday urged the international community to play its role to end clampdown in the Occupied Kashmir imposed by India, saying the deteriorating human right situation in the valley can drive the two nuclear countries toward

Published 17 Nov, 2019 12:00am

STCF hosts inter-school fund-raising & singing competition

Keeping up with its mission to 'Educate Pakistan', The Supporters of Citizens Foundation (STCF) hosted the finale of an inter-school fund raising and singing competition, Obhartay Sitaray (OS) 2019 - on Saturday.

Published 17 Nov, 2019 12:00am

Blood donation drive held at Indonesian Consulate

Blood donation drive was held at the premises of the Indonesian Consulate General in Karachi on Saturday in cooperation with Afzaal Memorial Thalassemia Foundation (AMTF).

Published 17 Nov, 2019 12:00am

'ICICT' conference held at IBA

The first day of the flagship conference, the eighth International Conference on Information and Communication Technologies (ICICT 2019), organized by the Faculty of Computer Science (FCS) at the Institute of Business Administration (IBA), Karachi started

Published 17 Nov, 2019 12:00am

Prices of essential kitchen items continue to rise

Prices of most of the essential kitchen items kept on increasing during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

Published 17 Nov, 2019 12:00am

Cotton & Textile

Next Rabi crops: Met urges cotton growers to ensure timely completion of sowing

Cotton growers should prepare fields for the next Rabi crops and ensure timely completion of sowing, according to the Met Office.

Published 17 Nov, 2019 12:00am

Bachelors programme: KU entry tests today

The University of Karachi is holding entry tests for Bachelors Programme (Morning) Admissions 2020 on Sunday (today).

Published 17 Nov, 2019 12:00am

Business & Economy

Profitability: PIA CEO's statement can be taken as 'market manipulation': SECP

The Securities and Exchange Policy Board Saturday took serious note of the statement of the Chief Executive Officer (CEO) of Pakistan International Airlines Corporation regarding profitability of PIA which, prima facie, can be taken as "manipulating the m

Published 17 Nov, 2019 12:00am

Business & Economy

Business community rejects draft amendments to IT Rules 2002

The business community has rejected the draft amendments to Income Tax Rules 2002, binding the real estate agents and jewellers to maintain record and report about suspicious transactions to the FBR, saying the gold and real estate businesses, which have

Published 17 Nov, 2019 12:00am

Cotton & Textile

Naseem Usman panel sweeps KCA polls

Six licensed cotton brokers from Naseem Usman Panel have been duly elected unopposed as members of the Broker Advisory Committee of Karachi Cotton Association for the years 2019-20.

Published 17 Nov, 2019 12:00am

Government urged to allow duty-free import of wheat

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government has tried to keep prices stable but to no avail, therefore, the government should allow duty-free import of wheat to keep prices stable.

Published 17 Nov, 2019 12:00am

Business & Economy

Automechanika Shanghai 2019 fair to begin on December 3

The 15th edition of Automechanika Shanghai 2019 will be held from 3-6 December, 2019. Some four Pakistani companies are participating in this international fair.

Published 17 Nov, 2019 12:00am

Rana's judicial remand extended till November 30

A special court for Control of Narcotics Substance (CNS) on Saturday extended the judicial remand former law minister Rana Sanaullah till November 30 in the 15kg heroin recovery case against him lodged by the Anti-Narcotics Force (ANF).

Published 17 Nov, 2019 12:00am

Business & Economy

BMP endorses Pak-China consensus on CPEC's direction

The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has announced to endorse the Pak-China agreement to set a new direction of the China-Pakistan Economic Corridor for future cooperation in high economic impact areas, esp

Published 17 Nov, 2019 12:00am

Lahore ranks third 'most polluted' city in world

With air quality moving from 'hazardous' to 'unhealthy' in the provincial metropolis, the City of Lahore has now become the third most polluted city in the world.

Published 17 Nov, 2019 12:00am

Business & Economy

Promotion of culture of Islamic Economic system: need for sustained publicity campaign stressed

A comprehensive publicity and promotional campaign must be launched on regular basis to promote culture of Islamic Economic system with a focus on Islamic Banking, said Rana Muhammad Sikandar-e-Azam President Faisalabad Chamber of Commerce & Industry (FCC

Published 17 Nov, 2019 12:00am

265 Indian fake news sites caught pushing anti-Pakistan propaganda

A network of 265 fake media outlets in 65 countries discovered serving Indian lobbying interests, said a study published by the EU Disinformation Lab.

Published 17 Nov, 2019 12:00am

Nationalization of Edwards College: KP governor rejects propaganda

Governor Khyber Pakhtunkhwa Shah Farman on Saturday strongly rejected the baseless propaganda about nationalization of Edwards College Peshawar, saying that minorities in the province are enjoying complete and equal rights.

Published 17 Nov, 2019 12:00am

Third accused in global child pornography racket held

Police on Saturday claimed to have arrested third accused of a racket, who ran a child pornography ring on the so-called Dark Web from Rawalpindi.

Published 17 Nov, 2019 12:00am

Cash, valuables worth millions of rupees looted in Capital

Despite deployment of heavy contingents of police personnel in the federal capital due to Azadi March during the last week, armed robbers and dacoits struck at eight places and made off with cash and valuables worth millions of rupees.

Published 17 Nov, 2019 12:00am

Business & Economy

Incompetent UBG erodes FPCCI role, ex-president

Former president, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and general secretary Businessman Panel (BMP), Haji Ghulam Ali has said that the incompetency of the ruling United Business Group (UBG) group has eroded the role of the apex

Published 17 Nov, 2019 12:00am

PTI begged us to drop PM's resignation demand, claims Durrani

Convener, Rehber Committee of opposition political parties, Akram Khan Durrani said that the governmental negotiation committee begged us to drop the demand of the resignation of Prime Minister Imran Khan, otherwise, they were ready to accept all demands

Published 17 Nov, 2019 12:00am

PM's Iran visit to usher in positive results: CG

The outgoing Peshawar-based Iranian consul-General, Muhammad Baqir Beigi has said that meetings between the Prime Minister of Pakistan and senior leadership of Iran will usher positive results.

Published 17 Nov, 2019 12:00am

PM rolls back BJP's fundamental ideology by exposing Modi, RSS: Shireen

Minister for Human Rights Dr Shireen Mazari on Saturday said that Prime Minister Imran Khan has rolled back the Bharatiya Janata Party (BJP)'s fundamental ideology by exposing Indian Prime Minister Narendra Modi and Rashtriya Swayamsevak Sangh (RSS) in th

Published 17 Nov, 2019 12:00am

Recent developments to go in PM's favour: Rasheed

Federal Minister for Railways, Sheikh Rasheed, on Saturday expressed his thoughts that the ongoing developments are going in favour of Prime Minister Imran Khan. Sheikh Rasheed, in his latest statement, said it is not a new story to tell the exact time of

Published 17 Nov, 2019 12:00am

Fawad files privilege motion against Asif

Federal Minister for Science and Technology Fawad Chaudhry on Saturday filed a privilege motion in National Assembly against Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif. The motion has been filed against Asif for 'misrepresenting' the comment

Published 17 Nov, 2019 12:00am

Justice Azhar Babar sworn in as AJK's acting CJ

Justice Azhar Saleem Babar has taken oath as the acting Chief Justice of Azad Jammu and Kashmir in a ceremony where President AJK Masood Khan administered his oath.

Published 17 Nov, 2019 12:00am

Quake of 3.8 magnitude jolts Swat

A mild earthquake jolted the Swat valley and its surrounding areas on Saturday resulting in damages to window panes of houses and windscreens of several vehicles. According to Pakistan Meteorological Department (PMD), tremors measuring 3.8 on Richter scal

Published 17 Nov, 2019 12:00am

Reduction in NSS rates

Effective from 1st November, 2019, the Central Directorate of National Savings (CDNS) has reduced profit rates on all the National Saving Schemes (NSS) sponsored by the government. According to its announcement on 7th November, 2019, the new rate for Defe

Updated 19 Nov, 2019 06:25am

Poor state of prisons

During recent months, public conversations about prisons have revolved around the question whether or not the facilities accorded to the incarcerated prominent political personages are commensurate with their status. Problems faced by ordinary prisoners,

Updated 19 Nov, 2019 06:25am

Articles

Prisoners of elitism

Last week Dr Hafeez Sheikh was under public scrutiny for being oblivion to the rising price of tomatoes - being a finance minister, he should have knowledge of rising prices when price hike is the biggest headache for the government. The issue that needs

Updated 18 Nov, 2019 08:53am

Articles

SECP accelerates technology-driven solutions

Recently, the Securities and Exchange Commission of Pakistan (SECP) conducted an online survey to obtain feedback about its services delivery and to seek out suggestions from its stakeholders. Though an overwhelming majority shared their satisfaction with

Published 17 Nov, 2019 12:00am

Articles

Football diplomacy with Qatar hints at Saudi 'peace' effort

A Saudi-led bloc's decision to play a football tournament in rival Qatar could herald a rapprochement after a two-year stand-off, and signal Riyadh is tempering its muscular approach that stoked regional crises. Gulf powerhouse Saudi Arabia has adopted an

Updated 18 Nov, 2019 10:46am

Articles

Sri Lankan presidential hopeful sparks bad memories for journalists

No memorial marks where Sri Lankan newspaper editor Lasantha Wickrematunge was murdered in 2009, one of dozens of victims of "death squads" allegedly linked to a frontrunner in Saturday's presidential election.

Published 17 Nov, 2019 12:00am

Letters

The two key economic challenges

Business Recorder op-ed writer Farhat Ali in his yesterday's op-ed for the newspaper has highlighted the two major challenges to the country's economy; these need to be overcome without any further loss of time.

Updated 18 Nov, 2019 08:21am

Pakistan steers CCWC meeting to successful conclusion

The annual meeting of the Convention on Certain Conventional Weapons (CCWC), held in Geneva from 13-15 November 2019, successfully concluded under the chairmanship of Ambassador Khalil Hashmi, Permanent Representative of Pakistan to the United Nations in

Published 17 Nov, 2019 12:00am

Fake bank accounts case: NAB recovers Rs 13 billion from different accused so far

The National Accountability Bureau (NAB) has so far recovered Rs 13 billion from different accused in the multi-billion fake bank accounts case involving former president Asif Ali Zardari, his sister Faryal Talpur and others.

Published 17 Nov, 2019 12:00am

New faces to be inducted into Cabinet soon

Prime Minister Imran Khan has decided to reshuffle the current 48-member cabinet by inducting some new faces-a much awaited decision postponed due to one political compulsion or another, informed sources revealed. Sources privy to the development told

Published 17 Nov, 2019 12:00am

US Air Force Chief of Staff calls for Gulf Arab unity to counter Iran

United States Air Force Chief of Staff David Goldfein on Saturday pressed Gulf Arab states to reconcile differences and unify military capabilities as tensions with Iran simmer.
Published 17 Nov, 2019 12:00am

Trump to attend NATO summit in London, days before UK vote

US President Donald Trump will visit Britain for NATO's 70th-anniversary summit next month, the White House said Friday, in a trip falling days before the country votes in a general election.
Published 17 Nov, 2019 12:00am

Business & Economy
Balochistan development: China, Pakistan identify hurdles

China and Pakistan have identified that provincial tax exemption in Balochistan and provision of fiber optical communication would remove the hurdles in the way of development of Gwadar Free Economic Zone and sea port under China-Pakistan Economic Corrido
Published 17 Nov, 2019 12:00am

One killed in clashes in Iran over fuel price hike

One person was killed in the Iranian city of Sirjan during protests that erupted after President Hassan Rouhani's government imposed gasoline rationing and price hikes of at least 50 percent, Iranian ISNA news agency reported on Saturday.
Published 17 Nov, 2019 12:00am

'Human rights in IOJ&K': Pakistan welcomes public hearing at Washington DC

Pakistan on Saturday welcomed the public hearing on human rights in Occupied Jammu and Kashmir held by the Tom Lantos Human Rights Commission of the US Congress on November 14, 2019 at Washington DC.
Published 17 Nov, 2019 12:00am

'SC can appoint acting CEC if deadlock persists'

The Supreme Court is constitutionally empowered to appoint an acting Chief Election Commissioner after the incumbent retires on December 5 in case the deadlock between the government and opposition over the appointment of the CEC persists.
Published 17 Nov, 2019 12:00am

Business & Economy
Obvious signs of turnaround emerge: Hafeez

Adviser to Prime Minister on Finance Abdul Hafeez Shaikh has said 'dark days are behind us' as obvious signs of economic turnaround are emerging due to efforts of the present government for the revival of the economy.
Published 17 Nov, 2019 12:00am

Taxes
Imports system

Shabbar
Published 17 Nov, 2019 12:00am

Taxes
Vehicles stuck at ports: Commerce Division, FBR asked to resolve matter

The Prime Minister's Office has reportedly 'compelled' the Commerce Division and the Federal Board of Revenue (FBR) to recommend release of more than 1,000 stuck up used imported vehicles, well-informed sources told Business Recorder.
Published 17 Nov, 2019 12:00am

Money & Banking
MFF 2005-18: Pakistan has highest tranche cancellation rates: ADB wing

The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has said that Pakistan has the highest cancellation rates, ie, 36 percent of the approved financing in completed tranches of Multi-tranche Facility Financing (MFF). The IED in
Published 17 Nov, 2019 12:00am

Global Business Economy
EU 2020 budget talks drag on because of disagreement

Talks setting the EU's budget for next year are going down to the wire because of disagreement between member states and the European Parliament, officials said Saturday. Both sides held negotiations into late Friday but "suspended the talks without agree
Published 17 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 17

280.67

USD PKR Interbank Buying / Apr 17

280.47

USD to Japanese Yen / Apr 17

142.81

USD to Swiss Franc / Apr 17

0.82

Pound Sterling to USD / Apr 17

1.32

Euro to USD / Apr 17

1.14

UK LIBOR % / Apr 16

4.96

Stock Volume

S&P 500 / Apr 16

5,275.70

Nasdaq / Apr 16

16,307.16

Dow Jones / Apr 16

39,669.39

India Sensex / Apr 17

77,621.26

Tokyo Nikkei / Apr 17

34,285.53

Hang Seng / Apr 17

21,352.47

FTSE 100 / Apr 17

8,207.23

Germany DAX 30 / Apr 17

21,240.89

France CAC40 / Apr 17

7,290.96

Item Value

Karachi Cotton PKR/37.32 KG / Apr 16

16,985

Gold 10 Grams PKR / Apr 16

298,353

Petrol/Litre / Apr 17

254.63

Crude Oil USD/Barrel / Apr 17

63.25

Gold Spot USD/Ounce / Apr 17

3,331.95

Diesel/Litre / Apr 17

258.64

Cotton US¢/pound / Apr 17

66.66

Gainers
Losers
Leaders

Stock Price

Ghazi Fabrics / Apr 17

Ghazi Fabrics International Limited(GFIL)

8.36

▲ 1 (13.59%)

UDL International / Apr 17

UDL International Limited(UDLI)

8.52

▲ 1 (13.3%)

Escorts Bank / Apr 17

Escorts Investment Bank Limited(ESBL)

6.84

▲ 0.76 (12.5%)

Chakwal Spinning / Apr 17

Chakwal Spinning Mills Limited(CWSM)

57.93

▲ 5.27 (10.01%)

United Brands / Apr 17

United Brands Limited(UBDL)

23.18

▲ 2.11 (10.01%)

S.S.Oil / Apr 17

S.S.Oil Mills Limited(SSOM)

244.59

▲ 22.24 (10%)

Pak Gulf Leasing / Apr 17

Pak-Gulf Leasing Company Limited(PGLC)

21.89

▲ 1.99 (10%)

PIA Holding Co.B / Apr 17

PIA Holding Company Limited B(PIAHCLB)

1,928.97

▲ 175.36 (10%)

Trust Sec.& Brok. / Apr 17

Trust Securities & Brokerage Limited(TSBL)

13.97

▲ 1.27 (10%)

Bolan Casting / Apr 17

Bolan Castings Limited(BCL)

104.06

▲ 9.46 (10%)

Stock Price

Oilboy Energy(R) / Apr 17

Oilboy Energy Limited(R)(OBOYR2)

1.07

▼ -0.31 (-22.46%)

Gulshan Sp. / Apr 17

Gulshan Spinning Mills Limited(GSPM)

3.48

▼ -0.46 (-11.68%)

Blue-Ex Ltd / Apr 17

Blue-Ex Limited (GEM)(GEMBLUEX)

56.69

▼ -6.29 (-9.99%)

Int. Knit. / Apr 17

International Knitwear Limited(INKL)

14.84

▼ -1.56 (-9.51%)

Jubilee Gen. Ins. / Apr 17

Jubilee General Insurance Limited(JGICL)

49.52

▼ -4.7 (-8.67%)

Bawany Air Products / Apr 17

Bawany Air Products Limited(BAPL)

32.39

▼ -2.92 (-8.27%)

Asim Textile / Apr 17

Asim Textile Mills Limited(ASTM)

13.40

▼ -1.2 (-8.22%)

Jahangir Sidd(Pref) / Apr 17

Jahangir Sidd(Pref)(JSCLPSA)

8.85

▼ -0.6 (-6.35%)

Sanghar Sugar / Apr 17

Sanghar Sugar Mills Limited(SANSM)

50.83

▼ -3.24 (-5.99%)

The Thal Ind.Corp. / Apr 17

The Thal Industries Corporation Limited(TICL)

340.04

▼ -19.97 (-5.55%)

Stock Volume

Maple Leaf Cement / Apr 17

Maple Leaf Cement Factory Limited(MLCF)

23,794,610

▲ 3.81

B.O.Punjab / Apr 17

The Bank of Punjab(BOP)

23,321,095

▲ 0.15

Cnergyico PK / Apr 17

Cnergyico PK Limited(CNERGY)

17,945,036

▲ 0.02

Fauji Cement / Apr 17

Fauji Cement Company Limited(FCCL)

16,949,781

▲ 1.19

National Bank / Apr 17

National Bank of Pakistan(NBP)

16,604,549

▲ 4.2

WorldCall Telecom / Apr 17

Worldcall Telecom Limited(WTL)

14,865,718

▲ 0

Pace (Pak) Ltd. / Apr 17

Pace (Pakistan) Limited(PACE)

14,613,210

▲ 0.21

Sui South Gas / Apr 17

Sui Southern Gas Company Limited(SSGC)

11,876,679

▲ 1.06

Hascol Petrol / Apr 17

Hascol Petroleum Limited(HASCOL)

10,975,030

▲ 0.09

United BankXD / Apr 17

United Bank Limited(UBL)

10,968,701

▲ 16.02

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Today

Yesterday

Past 3 Days

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

NJLI Sarmaya Growth Fund Rates

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Pakistan posts record $1.2bn current account surplus in March 2025

SRO 592(1)/2025 attracts criticism from steel sector

Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

KSE-100 Index closes 881 points higher amid buying momentum

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

Pakistan sees sharp decline in worker emigration to UAE: report

Relief for the salaried people

Punjab’s wheat policy: playing with fire

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

Renewable energy push: Nepra may approve tariff of KE’s 2 PV solar projects

Salaried class: Call for revision of tax slabs, rise in exemption limits

NJLI Sarmaya Growth Fund Rates

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Punjab’s wheat policy: playing with fire

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Pakistan sees sharp decline in worker emigration to UAE: report

Salaried class: Call for revision of tax slabs, rise in exemption limits

Export-oriented growth: Banks agree to lend a helping hand

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Relief for the salaried people

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Petrol/Litre / Apr 17	254.63
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Diesel/Litre / Apr 17	258.64
Cotton US¢/pound / Apr 17	66.66

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02