News Archives for Print - 2019-11-17 - Business Recorder

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Print - 2019-11-17

Al-Azizia, Flagship cases: IHC to begin hearing of pleas of Nawaz, NAB on November 25

Al-Azizia, Flagship cases: IHC to begin hearing of pleas of Nawaz, NAB on November 25

Islamabad High Court (IHC) will begin hearing of former Prime Minister Nawaz Sharif's appeal against Accountability Court verdict in the Al-Azizia reference and the National Accountability Bureau's plea against Sharif's acquittal in the Flagship reference

Published 17 Nov, 2019 12:00am

Shahbaz expresses gratitude

Shahbaz expresses gratitude

Expressing gratitude over the directions of Lahore High Court (LHC) allowing the former prime minister Nawaz Sharif for medical treatment abroad by excluding his name from the ECL, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on Saturday

Published 17 Nov, 2019 12:00am

Government respects verdict: AGP

Government respects verdict: AGP

The government on Saturday announced that it respects the Lahore High Court's (LHC) verdict. Addressing a joint press conference, Attorney General for Pakistan (AGP) Anwar Mansoor Khan along with Special Assistant to Prime Minister on Information and Broa

Published 17 Nov, 2019 12:00am

LHC allows Nawaz to go abroad

LHC allows Nawaz to go abroad

A division bench of Lahore High Court on Saturday allowed former prime minister Nawaz Sharif to go abroad for medical treatment for four weeks without submitting indemnity bonds.

Published 17 Nov, 2019 12:00am

French protesters, police clash on yellow vest anniversary

French protesters, police clash on yellow vest anniversary

French police used tear gas and detained dozens in Paris on Saturday as fierce clashes broke out in demonstrations marking the first anniversary of the yellow vest protest movement seeking to challenge President Emmanuel Macron.

Published 17 Nov, 2019 12:00am

Gunmen fire on buses carrying Muslim Sri Lankan voters

Gunmen fire on buses carrying Muslim Sri Lankan voters

Gunmen fired at buses carrying minority Muslim voters on Saturday as Sri Lankans elected a new president, with the powerful Rajapaksa clan eyeing a comeback seven months after Islamist extremists staged deadly bombings.

Published 17 Nov, 2019 12:00am

EU 2020 budget talks drag on because of disagreement

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

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

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

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

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

Imports system

Taxes

Imports system

Shabbar

Published 17 Nov, 2019 12:00am

Obvious signs of turnaround emerge: Hafeez

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

'SC can appoint acting CEC if deadlock persists'

'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

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

'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

One killed in clashes in Iran over fuel price hike

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

Balochistan development: China, Pakistan identify hurdles

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

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

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

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

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

New faces to be inducted into Cabinet soon

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

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

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

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

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

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
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
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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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
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

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
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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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
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
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
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
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

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

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
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
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
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
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

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

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

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

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

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

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

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
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

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

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

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

General News
Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

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
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
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

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

Yarn Prices
Karachi Yarn Market Rate

Karachi Yarn Market Rates 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

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

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