News Archives for Print - 2019-11-20

Print - 2019-11-20

Nawaz arrives in London

Former premier Nawaz Sharif, accompanied by his brother Shahbaz Sharif, reached London on Tuesday night to continue with his medical treatment, Aaj news reported. "Former PM NawazSharif onboard Qatar Airways Air Ambulance A7-MED has landed safely at Heath

Published 20 Nov, 2019 12:00am

Rouhani, Bajwa discuss regional security

Chief of the Army Staff General Qamar Javed Bajwa called on President of Iran, Hassan Rouhani. The regional security environment and matters of mutual interest were discussed. The President appreciated the role of Pakistan towards regional peace and succe

Published 20 Nov, 2019 12:00am

FY17-18: Gencos cost exchequer billions of rupees: Nepra

The National Electric Power Regulatory Authority (Nepra), in its performance evaluation of government-owned power generation plants (Gencos) has recorded billions of rupees loss to the national exchequer due to dismal performance during 2016-17 and 2017-1

Published 20 Nov, 2019 12:00am

Circular debt reduction plan submitted to ECC

Power Division has submitted circular debt reduction plan agreed with the International Monetary Fund (IMF) to the Economic Coordination Committee (ECC) of the Cabinet according to which circular debt will be reduced from Rs 465 billion (2018-19 ) to Rs 7

Published 20 Nov, 2019 12:00am

Planning ministry: Asad Umar administered oath

Former finance minister Asad Umar returned to the federal cabinet on Tuesday after taking oath as federal minister for planning, development and reform.

Published 20 Nov, 2019 12:00am

First-ever NTP approved by cabinet

The federal cabinet in its meeting held on Tuesday approved the first-ever National Tariff Policy (NTP) developed by the Commerce Division after extensive consultations with the stakeholders and this marks a milestone in the national economic policy parad

Published 20 Nov, 2019 12:00am

First 4 months of FY20: Trade deficit narrows 33.52 percent to $7.77 billion

The country's trade deficit during the first four months of the ongoing fiscal year 2019-20 has recorded a decline of 33.52 percent as compared to the first four months of the past fiscal year 2018-19.

Published 20 Nov, 2019 12:00am

Stocks

KSE-100 Index keeps rising: BRIndex100 inches up

Pakistan Stock Exchange Tuesday opened on a strong positive note, however it witnessed profit-taking in various sectors in mid-session.

Published 20 Nov, 2019 12:00am

No one needs to be a billionaire: Labour Party

Britain's opposition Labour Party on Tuesday took aim at "obscene" billionaires, pledging a radical redistribution of wealth to cut the power of the super rich and to introduce policies including a pay cap at some companies.

Published 20 Nov, 2019 12:00am

FATF action plan: Senate body briefed about performance

The government has stated that there has been 220 percent increase in cash seizure and 300 percent increase in terrorist financing (TF) investigations whereas over 170 TF convictions have been made under the Financial Action Task Force (FATF) Action Plan.

Published 20 Nov, 2019 12:00am

'Economic terrorism' phrase being added to anti-terror law

The transfer of Rs 50 million or above during one month from Pakistan to destinations aboard through any informal channel including hawala or hundi, would be considered as 'economic terrorism' in Pakistan.

Published 20 Nov, 2019 12:00am

Government defers filing appeal against LHC verdict

The federal cabinet has deferred filing an appeal against the interim order of the Lahore High Court (LHC), which paved way for former prime minister Nawaz Sharif to go abroad, till final adjudication of the petition seeking removal of Sharif's name from

Published 20 Nov, 2019 12:00am

Nawaz flown by Qatar Airways air ambulance to London

Ailing ex-prime minister Nawaz Sharif left by air ambulance Tuesday for London, where he is due to receive medical treatment after battling the government for permission to travel, his doctor and close aides said.

Published 20 Nov, 2019 12:00am

Reference against judge: It seems PM not happy with LHC verdict: counsel

Justice Qazi Faez Isa seeks no immunity and special treatment under Article 209 of Constitution in any way but wants that inquiry should be initiated in accordance with law and Constitution, argued his counsel Babar Sattar.

Published 20 Nov, 2019 12:00am

Institutions review links with Prince Andrew

A British university on Tuesday said it was reviewing its links with Prince Andrew after he defended his friendship with convicted sex offender Jeffrey Epstein in a TV interview.

Published 20 Nov, 2019 12:00am

Treason case against Musharraf: Special Court to announce verdict on 28th

The Special Court hearing high treason case against former army chief General Pervez Musharraf (retd) has reserved its judgment, which will be announced on November 28.

Published 20 Nov, 2019 12:00am

FBR seeks to set up index to evaluate officers' performance

The Federal Board of Revenue (FBR) has proposed to establish 'Performance Evaluation Index' for its officers (Grade 16 and above) to evaluate their performance on four basic parameters including achievement of the assigned revenue collection targets.

Published 20 Nov, 2019 12:00am

UN 'alarmed' dozens may be dead in Iran protests

The United Nations voiced alarm Tuesday at reports dozens may have been killed in Iranian demonstrations, as the Islamic republic said it would unblock the internet only once calm has been restored.

Published 20 Nov, 2019 12:00am

EDB, PIDC: Shah, Bhatti appointed CEOs

The Federal Cabinet has appointed Raza Abbas Shah as Chief Executive Officer of Engineering Development Board (EDB) and Rizwan Bhatti as CEO Pakistan Industrial Development Corporation (PIDC),

Published 20 Nov, 2019 12:00am

Yemen rebels seize two South Korean, one Saudi vessel

Yemen's Iran-backed Huthi rebels seized a Saudi-flagged tug and two South Korean vessels at the weekend, the insurgents and Seoul officials said on Tuesday. The incident follows a lull in Huthi attacks on Saudi Arabia as one Riyadh official said the kingd

Published 20 Nov, 2019 12:00am

Kashmir issue: BJP leader thrown out of summit for trying to block Suri's speech

India faced yet another embarrassment on the diplomatic front when a leader of the country's ruling Bharatiya Janata Party (BJP), Vijay Jolly was thrown out of the Asia Pacific Summit 2019 in Cambodia.

Published 20 Nov, 2019 12:00am

NAB chief asks corruption suspects to opt for plea bargain option

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal Tuesday said the Bureau will never offer National Reconciliation Ordinance (NRO)-like concessions to anyone.

Published 20 Nov, 2019 12:00am

PTV, Parliament attack case: ATC reserves verdict on PM's acquittal plea

An anti-terrorism court on Tuesday reserved its verdict over the acquittal plea of Prime Minister Imran Khan in the Pakistan Television (PTV) and Parliament attack case.

Published 20 Nov, 2019 12:00am

Taliban release two Western hostages in Afghanistan

The Taliban handed two Western hostages over to US forces in southern Afghanistan Tuesday, three years after they were abducted, in a swap for three high-ranking insurgent prisoners that could boost peace talks.

Published 20 Nov, 2019 12:00am

Letters

Wither on the vine?

Maulana Fazlur Rahman's protest seems to have withered on the vine. The maulana's 'Plan B' too has failed to attract a sufficient number of people to execute his plan of dislodging the government because no major opposition party is doing anything to help

Updated 21 Nov, 2019 10:21am

Articles

Market matters: Price index and home planner

If current market per kg price of onion is Rs 100, tomato Rs 280, garlic and ginger each around Rs 70 per quarter of a kg, coriander and mint Rs 10 apiece, it is a great challenge to meet cost of two meals a day for the hungry and hand-to-mouth poor amid

Updated 21 Nov, 2019 10:23am

Articles

Power sector: Shahid Sattar and Asad Abbas

Power shortages and high power tariffs in Pakistan have been at the root of many problems faced by the Pakistan economy; substantial reduction in the rate of GDP growth, economic stagnation, slow job creation, increasing unemployment, serious adverse impa

Published 20 Nov, 2019 12:00am

Articles

Leapfrogging into circular economy

Pakistan, especially its cities and most noticeably its economic capital, Karachi, is drowning under piles and piles of garbage rendering the job of clearing the mounting rubbish clutter an ever more difficult and costlier exercise. But what is an even mo

Updated 21 Nov, 2019 10:02am

Pak-Iran relations

Army chief General Qamar Javed Bajwa arrived in Tehran on Monday as part of an ongoing mutual trust building process. According to an Iranian news agency report, the two sides discussed prospects of expansion of defence cooperation, border security, count

Updated 20 Nov, 2019 07:07am

C/A surplus

In the first quarter of the current fiscal year Pakistan witnessed a current account surplus to the tune of 99 million dollars as per the State Bank of Pakistan (SBP). This is a remarkable achievement given the scale of the deficit, around 20 billion doll

Updated 20 Nov, 2019 07:08am

Stocks

SECP warns public against investing in fraudulent Ponzi schemes

The Securities and Exchange Commission of Pakistan (SECP), to safeguard the interests of public, advises people not to invest in fraudulent investment and ponzi schemes promising hefty profits and unrealistic incentives to trap innocent people.

Published 20 Nov, 2019 12:00am

Cancer patients' survival rate stands at 50 percent in country: Alvi

President Dr Arif Alvi has said that there is 50 percent survival rate of cancer patients in Pakistan while it is 98 percent in other countries.

Published 20 Nov, 2019 12:00am

Missing lawyer: IHC directs DIG to appear in person

The Islamabad High Court (IHC) Tuesday directed deputy inspector general (DIG) of Islamabad police to appear in person in a petition of High Court Bar Association (HCBA) Multan seeking recovery of a missing lawyer, Muhammad Yafis Naveed.

Published 20 Nov, 2019 12:00am

Parliamentary panel passes 'The Prevention of Corruption (Amend) Bill 2019'

A parliamentary panel has passed 'The Prevention of Corruption (Amendment) Bill 2019,' proposing up to 10 years imprisonment with the objective to control the menace of corruption and make the existing laws on prevention of corruption more effective.

Published 20 Nov, 2019 12:00am

Ban on smoking: SHC summons addl secy health

Sindh High Court (SHC) on Tuesday summoned Additional Secretary Health Sindh in a petition, seeking ban on smoking. A division bench of the SHC headed by Justice Muhammad Ali Mazhar issued the notice to provincial health official after petitioner Dr Javed

Published 20 Nov, 2019 12:00am

Sindh government: Fehmida apprises PM about GDA's reservations

Federal Minister for Inter-Provincial Coordination Dr Fehmida Mirza has held a meeting with Prime Minister Imran Khan and apprised him of reservations of Grand Democratic Alliance (GDA) with regard to the Sindh government.

Published 20 Nov, 2019 12:00am

JUI-F struggling for supremacy of constitution: Fazl

Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Tuesday said we are struggling for supremacy of the constitution and democracy but government has no ideology.

Published 20 Nov, 2019 12:00am

Taxes

Tax matters in custom courts: Panel directs FBR to come up with viable suggestions

A parliamentary panel Tuesday stressed the need for reforming the judicial system to avoid longstanding court cases related to tax matters in custom courts, directing the Federal Board of Revenue (FBR) to come up with viable suggestions and the Parliament

Published 20 Nov, 2019 12:00am

LNG case: Reference against Abbasi, Miftah to be filed within 14 days, AC informed

National Accountability Bureau (NAB) has prepared a corruption reference against former prime minister Shahid Khaqan Abbasi, former finance minister Miftah Ismail and ex-managing director (MD) Pakistan State Oil (PSO) Sheikh Imran-ul-Haque in connection w

Published 20 Nov, 2019 12:00am

Parliamentary panel voices concern over slow pace of devolution

A parliamentary panel on Tuesday expressed concern over slow pace of devolution, saying any delay in implementing a constitutional amendment is not acceptable.

Published 20 Nov, 2019 12:00am

Industrialists urged to clear water dues

Chairman Hyderabad SITE Association of Trade and Industry Mazhar-ul-Haq Choudhry has urged industrialists to clear their water arrears in order to avert the suspension of supply in SITE Hyderabad.

Published 20 Nov, 2019 12:00am

Sindh PA session adjourns sans legislation

The opposition parties on Tuesday staged a noisy protest, which forced the speaker to adjourn the Sindh Assembly session until Friday without legislations.

Published 20 Nov, 2019 12:00am

Money & Banking

SBP governor urged to cut down discount rate

Economic & Financial Analyst, Ateeq Ur Rehman has urged the Governor State Bank of Pakistan to drastically cut down the discount rate in forthcoming monetary policy.

Updated 20 Nov, 2019 07:19am

Ghani criticises PM for anti-Bilawal remarks

Sindh Minister for Information, Archives and Labor, Saeed Ghani while responding to the criticism of Prime Minister Imran Khan on Chairman Pakistan People's Party Bilawal Bhutto Zardari, said Bilawal Bhutto Zardari appeared to be riding on the senses of I

Published 20 Nov, 2019 12:00am

Gorakh hill station: NAB asked to monitor inquiry into alleged illegal practices

Sindh High Court (SHC) on Tuesday ordered Chairman National Accountability Bureau (NAB) to monitor the inquiry into alleged illegal practices for awarding the government contracts of constructions in Gorakh hill station in province.

Published 20 Nov, 2019 12:00am

Pakistan Housing Scheme: Sindh governor urged to include KPC members

Sindh Governor Imran Ismail Tuesday inaugurated a free medical camp for journalists and their families at the Karachi Press Club. The Governor also visited the stalls for HIV, BMD, RBS, OPD, eye, dental and physiotherapy at the medical camp. Earlier, KPC

Published 20 Nov, 2019 12:00am

APNS offers condolence

Sarmad Ali, Secretary General of the All Pakistan Newspapers Society has expressed profound grief on behalf of APNS office bearers and members of the Executive Committee over the sad demise of Muhammad Ibrahim Narejo father of Ahmed Bakhsh Narejo, Secreta

Published 20 Nov, 2019 12:00am

Business & Economy

Trade among Muslim states: ICCIA agrees to remove tariff, non-tariff barriers

Participants of the 29th Board of Directors and 62nd financial committee meeting of the Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) agreed on removal of tariff and non-tariff barriers including lack of banking channels, simplification of

Published 20 Nov, 2019 12:00am

Money & Banking

SBP chief lauds banks' efforts in raising credit to agri sector

Governor State Bank of Pakistan, Dr. Reza Baqir has appreciated the banks' efforts in increasing the credit to the agriculture sector, which reached its historical high by end of FY19.

Updated 20 Nov, 2019 07:28am

Energy

PMIC & KFW launch renewable energy initiative

Pakistan Microfinance Investment Company (PMIC), a national-level apex institution for microfinance providers in the country and KFW, a German government owned Development Bank hosted a launch ceremony of their programme called PRIME-PMIC-KfW Renewable En

Updated 20 Nov, 2019 07:28am

President, PM extend condolences to UAE rulers

President Dr Arif Alvi and Prime Minister Imran Khan have extended sympathies and condolences to the President and the Crown Prince of the United Arab Emirates, respectively, over the sad demise of Sheikh Sultan bin Zayed Al Nahyan, brother of Sheikh Khal

Published 20 Nov, 2019 12:00am

Civil society calls for implementing JJSA 2018

The civil society called upon the federal and provincial governments for the implementation of Juvenile Justice System Act (JJSA) 2018.

Published 20 Nov, 2019 12:00am

Nation at tipping point of progress, prosperity: Alvi

President Dr Arif Alvi on Tuesday said that Pakistani nation, after passing through a trial and learning a lot from polarization, had now become a mature nation and was at a tipping point of progress and prosperity.

Published 20 Nov, 2019 12:00am

Pakistan hails release of Western hostages by Taliban

Pakistan has welcomed the release of two hostages - one American and another Australian - by Afghan government in a swap for three Taliban prisoners on Tuesday.

Published 20 Nov, 2019 12:00am

Fawad sees low expectations about return of Nawaz

While stressing upon equal applicability of law, Federal Minister for Science and Technology Fawad Chaudhry said there were low expectations about the return of former prime minister Nawaz Sharif to Pakistan.

Published 20 Nov, 2019 12:00am

Senate chief assures committee of action against health officials

In an unusual move, the members of Senate Standing Committee on National Health Services, Regulation and Coordination Tuesday approached Chairman Senate Sadiq Sanjrani with the demand 'to take action' against three top health officials; the minister of st

Published 20 Nov, 2019 12:00am

IWMI's training for water professionals begins

A four day training programme for mid-level water professionals of Pakistan here on Tuesday has begun under auspices of International Water Management Institute (IWMI).

Published 20 Nov, 2019 12:00am

SPs tasked to initiate action against SHOs having private gunmen

In the wake of surging crime rate in the metropolis, the Punjab police have tasked all the divisional superintendents of police to identify and initiate strict departmental proceedings against those Station House Officers (SHOs) who have private gunmen.

Published 20 Nov, 2019 12:00am

Rahbar committee announces opening of highways and roads

The Rahbar Committee of opposition political parties on Tuesday announced a change in its 'plan-B', asking the opposition activists across the country to open the highways and roads with not creating hardships for general public, besides calling for an al

Published 20 Nov, 2019 12:00am

Three special advisers, 1 coordinator inducted into Sindh cabinet

Sindh Chief Minister Syed Murad Ali on Tuesday expanded his cabinet by inducting three new special advisers and one coordinator.

Published 20 Nov, 2019 12:00am

Punjab food dept marks 'World Food Day'

Speakers at a seminar arranged by the Punjab Food Department (PFD) in connection with the World Food Day stressed the need to revolutionize the agriculture sector to ensure food security. The current government imposed an 'agricultural emergency' to impro

Published 20 Nov, 2019 12:00am

Revenue authorities: Inter-provincial coordination meeting held

All the four Provincial Revenue Authorities have taken cognizance of the issues relating to multiple compliances and inter-jurisdictional adjustment that were causing hardship for the taxpayers and discussed in detail the possible solutions to all such is

Published 20 Nov, 2019 12:00am

Foreign delegates to attend Interiors Expo

Delegations belonging to the furniture industry of China, Turkey, Taiwan, Thailand and other countries have started arriving here on a week-long visit to participate in the three-day 11th Interiors Pakistan Exhibition commencing from November 22.

Published 20 Nov, 2019 12:00am

Energy

Fesco spending Rs1.3bn on maintenance of T&D lines

Faisalabad Electric Supply Company (Fesco) is spending Rs 1.3 billion on the repair and maintenance of transmission and distribution lines in Fesco region while transformer of 40-MBA capacity will become functional in M3 Industrial Estate during next mont

Updated 20 Nov, 2019 07:28am

Minister, Sarwar discuss industrial workers' issues

Punjab Labour and Human Resource Minister Anser Majeed Khan called on Punjab Governor Chaudhary Mohammed Sarwar here on Tuesday and discussed matters regarding present national scenario as well as welfare of the industrial workers of Punjab.

Published 20 Nov, 2019 12:00am

UAF holds seminar on awareness about locust

Experts at a seminar called for all-out efforts to overcome swarm of locust incurring a loss of billions of rupees to agriculture sector.

Published 20 Nov, 2019 12:00am

Energy

Sindh obtains formal licence to set up PGC

For the first time in the history, Sindh province has obtained formal licence from the National Electric Power Regulatory Authority (NEPRA) to setup its own "Provincial Grid Company" (PGC).

Updated 20 Nov, 2019 07:24am

Money & Banking

TPL Insurance, OLX partner to promote insurance

TPL Insurance announced a strategic partnership with OLX in the online used car market. An MoU was signed between the two companies recently at the TPL Insurance Head Office in Karachi.

Updated 20 Nov, 2019 07:28am

Energy

'Local gas production dwindles by 7 percent annually'

Special Assistant to the Prime Minister on Petroleum, Nadeem Babar Tuesday said that local production of gas is dwindling by five to seven percent annually and gas deficit is met through import of liquefied natural gas (LNG).

Updated 20 Nov, 2019 07:28am

Business & Economy

Ring Road project to serve as economic corridor for Punjab: Dr Salman

Punjab's Adviser on Economic Reforms Dr Salman Shah Tuesday visited Rawalpindi Chamber of Commerce and Industry to seek the involvement of the businesses of the twin cities in the developmental projects of Rawalpindi.

Published 20 Nov, 2019 12:00am

Punjab CM unhappy over failure in overcoming price hike

Expressing strong indignation over failure in taking effective steps for overcoming price hike, the Punjab Chief Minister Sardar Usman Buzdar has announced that he will personally check the rates of different commodities and also asked the officers to go

Published 20 Nov, 2019 12:00am

Sarwar says institutions, government on the same page

Punjab Governor Chaudhry Mohammad Sarwar on Tuesday said that all the institutions and the government are on the same page for the development and prosperity of the country. "Instead of personal interests, the opposition should give preference to national

Published 20 Nov, 2019 12:00am

Telecommunication

JBS enters into Cloud services agreement with Telenor Pakistan

Jaffer Business Systems (Private) Limited, one of the most reputable Information Technology Companies in Pakistan, has joined hands with the country's leading cellular services provider, Telenor Pakistan, to resell Alibaba Cloud Services across Pakistan.

Published 20 Nov, 2019 12:00am

Cases of Zardari shifted to Punjab: PPP leader concerned at trend of distrusting small provinces

Pakistan Peoples Party Parliamentary leader in Punjab Assembly Syed Hassan Murtaza said on Tuesday that trend of distrusting small provinces should be stopped.

Published 20 Nov, 2019 12:00am

Business & Economy

Stable Pakistan must for uninterrupted investment flow: Chinese envoy

In the backdrop of resilient Pak-China relations, a stable and secure Pakistan is a must for uninterrupted investment flow, people to people integration and smooth economic activities, said Chinese Consulate Lahore's Deputy Consul General Peng Zhengwu.

Published 20 Nov, 2019 12:00am

Business & Economy

CAC Pakistan expo begins today

"The three-day CAC Pakistan Summit & Pak-China Agro Chem is being commenced from Wednesday (today) while inauguration ceremony will be held on Thursday (Nov 21) at Lahore Expo Center."

Published 20 Nov, 2019 12:00am

Articles

Partly Facetious: Planning and development

"No one is as angry as the person who is wrong, a proverb that..."

Published 20 Nov, 2019 12:00am

Articles

Profundity of financial statements

The national bourse, Pakistan Stock Exchange (the 'PSX') has around 534* companies listed on it with several others in the pipeline for obtaining listing courtesy of government's confidence building measures for businesses resulting in take-off of economy

Updated 21 Nov, 2019 10:11am

Business & Economy

PSM inflicting Rs60m loss per day: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concerned that the post of CEO of Pakistan Steel Mills (PSM) is lying vacant since January 2013, it has no financial advisor, therefore, time and money should

Published 20 Nov, 2019 12:00am

Energy

Ogra member: Arif's appointment linked to outcome of litigation in IHC

The appointment of Muhammad Arif, as Member Gas, Oil and Gas Regulatory Authority (Ogra) has been linked to the outcome of litigation in Islamabad High Court (IHC), sources in Ogra told Business Recorder.

Updated 20 Nov, 2019 07:28am

Brief Recordings

Understanding water economy of major crops

A lot of noise surrounds the water intensiveness of Pakistan's agriculture sector. Noted experts in water sector research - both from academic and public policy areas - have highlighted that the farming segment consumes over 90 percent of Pakistan's total

Updated 22 Nov, 2019 12:19pm

US faces Palestinian, international criticism of Israel settlement move

The United States faced stiff international and Palestinian criticism Tuesday over its decision to no longer consider Israeli settlements illegal, while the Jewish state's premier cheered on the "historic" move.

Published 20 Nov, 2019 12:00am

Swedish prosecutor drops Assange rape investigation

Swedish prosecutors said Tuesday they have dropped their investigation into jailed WikiLeaks founder Julian Assange over a 2010 rape allegation, even though they found the plaintiff's claim "credible".

Published 20 Nov, 2019 12:00am

NATO chief to confront Macron over 'brain dead' claim

NATO chief Jens Stoltenberg said Tuesday he will visit Paris next week to seek an explanation from Emmanuel Macron after the French president dismissed the alliance as "brain dead".

Published 20 Nov, 2019 12:00am

Israel intercepts rocket fire from Syria, reportedly hits back

Israel's air defences intercepted four rockets fired from neighbouring Syria on Tuesday, the army said, prompting reported retaliatory missile strikes against the source of the fire.

Updated 20 Nov, 2019 06:23am

CPJ raises press freedom concerns in meeting with US Vice President Pence

The Committee to Protect Journalists met Monday at the White House with US Vice President Mike Pence, along with the 2019 International Press Freedom Award recipients, to raise concerns about threats to press freedom around the globe.

Updated 20 Nov, 2019 06:59am

15 killed in north China mine blast

A coal mine explosion killed 15 people in north China's Shanxi province, state media reported Tuesday.

Updated 20 Nov, 2019 07:11am

Zelensky says Ukraine getting 'tired' of Trump scandal

Ukrainian President Volodymyr Zelensky said on Tuesday that his country is "tired" of questions related to the Trump scandal, amid a critical week of public impeachment hearings in Washington.

Updated 20 Nov, 2019 07:02am

China says only it can rule on Hong Kong constitution

China insisted Tuesday it alone held the authority to rule on constitutional matters in Hong Kong, as it condemned a decision by the city's high court to overturn a ban on face masks worn by pro-democracy protesters.

Updated 20 Nov, 2019 06:58am

Turkmenistan stages first opera after 19-year ban

Reclusive Turkmenistan staged its first foreign opera on Tuesday, nearly 19 years after the Central Asian country's founding president banned the art form as "incompatible with Turkmen mentality". A state theatre in the capital Ashgabat was packed for the

Published 20 Nov, 2019 12:00am

EU faces rift over new members after French 'non'

European Union members wrangled over the rules for joining their club on Tuesday, after France triggered anger by seeking to postpone bids from Albania and North Macedonia.

Updated 20 Nov, 2019 07:16am

Commodities

CBOT soyabean futures down

Chicago Board of Trade soyabean futures closed lower on Monday on forecasts for improving South American crop weather along with uncertainty about prospects for a US-China trade deal, analysts said.

Published 20 Nov, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited PMEX Commodity Index closed at 4,244. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.525 billion and the numbers of lots traded was 8,009.

Published 20 Nov, 2019 12:00am

Commodities

Russian wheat prices rise on major Egyptian purchase

Russian wheat prices rose last week as Egypt, the largest buyer of grain from the country, made a major purchase, industry analysts said on Monday, adding that Siberian local prices saw an unusual spike due to demand from Kazakhstan.

Published 20 Nov, 2019 12:00am

Energy

US natural gas futures fall on warmer weather

US natural gas futures fell almost 5% to a three-week low on Monday on forecasts for the weather to be warmer than previously expected over the next two weeks.

Updated 20 Nov, 2019 07:20am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 110,761 tonnes of cargo comprising 84,711 tonnes of import cargo and 26,050 tonnes of export cargo including 6,591 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 20 Nov, 2019 12:00am

Cotton & Textile

Cotton market: Volume of business rises on renewed buying by mills

Steady trend was witnessed on the cotton market on Tuesday as some leading mills indulged in renewed buying of quality lint, dealers said.

Updated 20 Nov, 2019 07:20am

Commodities

EU wheat futures edge higher on export demand

Euronext wheat futures edged higher on Monday as a tender announced by Algeria, the top buyer of French wheat, was set to add to recent run of export demand for western European origins.

Published 20 Nov, 2019 12:00am

Money & Banking

Dollar shade lower in Asia

The dollar nursed losses on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback. The yuan also suffered, touching a two-week low versus the greenback amid doubts about efforts to resolve

Updated 20 Nov, 2019 07:19am

Money & Banking

Dollar snaps three-day losing streak in Europe

The dollar snapped a three-day losing streak against rivals on Tuesday thanks to gains in the Swiss franc and the Japanese yen but remained trapped within well-worn ranges before the release of minutes from the latest US central bank meeting.

Updated 20 Nov, 2019 08:30am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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