News Archives for Print - 2019-11-21

Print - 2019-11-21

Mexicans sue Walmart over El Paso shooting

Mexico's government said Wednesday it has helped 10 Mexican citizens file lawsuits against Walmart over an August shooting at a store in El Paso, Texas, where a suspected white nationalist killed 22 people.

Published 21 Nov, 2019 12:00am

Two US service members killed in Afghanistan helicopter crash

Two American service members have been killed in a helicopter crash in Afghanistan, US forces there said Wednesday, adding that the crash appeared to be an accident, though the Taliban claimed they had shot it down.

Published 21 Nov, 2019 12:00am

Saudi king urges Iran to quit 'harmful' expansionism

Saudi Arabia's King Salman urged arch-rival Iran on Wednesday to abandon an expansionist ideology that has "harmed" its own people, following violent street protests in the Islamic republic.

Published 21 Nov, 2019 12:00am

Baqir briefs Qureshi on exchange rate, key indicators

State Bank of Pakistan (SBP) Governor Raza Baqir Wednesday held a meeting with Foreign Minister Shah Mehmood Qureshi and exchanged views on the overall economic situation.

Published 21 Nov, 2019 12:00am

PM for expediting work on development projects

Prime Minister Imran Khan has directed to expedite work on development projects as these would increase economic activities and create employment opportunities for youth.

Published 21 Nov, 2019 12:00am

Renewable energy: 28,000MW to be added to system by 2030: Ayub

Minister for Power Division Omar Ayub Khan Wednesday said that around 8,000MW and 20,000MW clean, environment-friendly and cheap renewable energy (RE) would be added to the system by 2025 and 2030 respectively under the new Alternative Renewable Energy Po

Published 21 Nov, 2019 12:00am

Industrialisation now govt's top priority: PM

Prime Minister Imran Khan has stated that continuity of policies is critical for sustainable development and the government is striving to promote industrialisation, wealth creation and tax culture to place the country on the road to sustainable economic

Published 21 Nov, 2019 12:00am

Stocks

PSX succumbs to profit-taking: BRIndex100 retreats

Investors Wednesday opted to book profits on available margins that forced the Pakistan Stock Exchange to close on a negative note.

Published 21 Nov, 2019 12:00am

Quarterly adjustment of FY-2019-20: 17 paisa/unit increase in tariff of Discos likely

National Electric Power Regulatory Authority (Nepra) on Wednesday reserved determination on 17 paisa per unit increase in tariff of power Distribution Companies to recover additional Rs 17.204 billion from consumers on account of variation in Power Purcha

Published 21 Nov, 2019 12:00am

VAT regime: FBR to garner stakeholders' support

For full-fledged implementation of Value Added Tax (VAT), the Federal Board of Revenue (FBR) has planned to garner support of all stakeholders including industrial/business segments of the country.

Published 21 Nov, 2019 12:00am

Traders told: Government committed to implementing agreement

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi on Wednesday assured the traders community that the government is fully committed to implementing 11-point agreement signed with them. On Wednesday, the traders' representatives met senior tax official

Published 21 Nov, 2019 12:00am

Nawaz makes hospital visit

Ailing ex-prime minister Nawaz Sharif left his residence here to meet doctors on Wednesday after he arrived in London via an air ambulance. Shahbaz and Nawaz's sons Husain and Hasan took him to Guy's hospital for check-up.

Published 21 Nov, 2019 12:00am

LHC verdict: CJP takes umbrage at PM's remarks

In a scathing rejoinder to Prime Minister Imran Khan's recent criticism on judiciary, Chief Justice Asif Saeed Khan Khosa on Wednesday said that it is the government not the judiciary that allowed ex-PM Nawaz Sharif to go abroad for medical treatment.

Published 21 Nov, 2019 12:00am

Passenger profiling: Customs launches specialized risk management system

In order to curb the menace of smuggling, Pakistan Customs has launched a specialized Risk Management System for passenger profiling at all major international airports in Pakistan. This exercise is part of the Customs Border Management Initiative (BMI) r

Published 21 Nov, 2019 12:00am

PTI's petition: IHC adjourns hearing

The Islamabad High Court (IHC) on Wednesday adjourned the hearing of Pakistan Tehreek-e-Insaf's petition against Election Commission of Pakistan's (ECP) decision in the foreign funding case till first week of December.

Published 21 Nov, 2019 12:00am

ECP urged to conduct hearing of foreign funding case

Members of Rahbar Committee on Wednesday moved the Election Commission of Pakistan (ECP) with the request to conduct hearing of foreign funding case involving the ruling party Pakistan Tehreek-e-Insaf (PTI) on daily basis "during this term of the commissi

Published 21 Nov, 2019 12:00am

India claims 'total normalcy' in IOK despite thousands in custody

"Total normalcy" prevails in Occupied Kashmir, India's home minister said Wednesday even as the government said 600 people remained in custody since the region, cut off from the internet, was stripped of its autonomy in August.

Published 21 Nov, 2019 12:00am

ST, FED returns filing deadline extended to 25th

The Federal Board of Revenue (FBR) has extended date of submission of Sales Tax and Federal Excise return up to November 25, 2019 for the tax period of October, 2019.

Published 21 Nov, 2019 12:00am

APNS condemns police-KMC action against newspaper stalls

The All Pakistan Newspapers Society (APNS) has expressed its serious concern on high-handedness of Karachi police who have ransacked and demolished newspaper stalls in various areas of Karachi. The APNS has also condemned the officials of Karachi police a

Published 21 Nov, 2019 12:00am

Questions over amendments to Commercial Code: CPPA-G faces embarrassing situation

Central Power Purchasing Agency- Guaranteed (CPPA-G) on Wednesday faced an embarrassing situation in National Electric Power Regulatory Authority (Nepra) when the representatives of most of private sector power companies raised questions on amendments to

Published 21 Nov, 2019 12:00am

PAC chairmanship: Shahbaz's resignation accepted

The speaker National Assembly (NA) has approved the resignation of President Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif as the chairman of the Public Accounts Committee (PAC), said a notification issued from NA Secretariat on Wednesday.

Published 21 Nov, 2019 12:00am

Letters

The plight of the poor

How perceptive and realistic a Business Recorder op-ed writer Parvez Jamil is about the common man's woes. He, for example, in his op-ed titled 'Market matters: Price index and home planner', carried by the newspaper yesterday, has plausibly argued

Updated 21 Nov, 2019 09:58am

Articles

Trump-Cook 'bromance' culminates with visit to Apple factory

President Donald Trump's visit to Apple's Texas manufacturing plant represents a truce in the White House war on Silicon Valley and an unlikely "bromance" with chief executive Tim Cook.

Updated 21 Nov, 2019 09:42am

Articles

Flawed tax reforms agenda - II

In fiscal year 2018-19, total payment, as per budget documents, on account of debt servicing, was Rs 1,987 billion against the budgeted figure of Rs 1,620 billion. Allocation for the current fiscal year is Rs 2,891 billion, 78 percent higher than last yea

Updated 21 Nov, 2019 07:03am

Articles

Karachi, the resilient city

Either Commissioner Karachi, the right honourable Iftikhar Shalwani, is grossly underworked, or is living on steroids. How else do you explain the enormous creativity, a child of hours of serious reflection, which goes into adorning Karachi with all those

Updated 21 Nov, 2019 06:42am

A visibly upset prime minister

In a long and rambling but aggressive speech at the inaugural ceremony of the Havelian-Mansehra section of the Hazara motorway on November 18, 2019, Prime Minister (PM) Imran Khan lashed out at his political opponents in his trademark style. Needless to s

Updated 21 Nov, 2019 06:18am

Situation warrants no complacency

"The worst is over" is a popular phrase repeated frequently by the top functionaries of the present government these days to indicate that the economy of the country is now out of the woods. At a meeting arranged by Overseas Investors Chamber of Commerce

Updated 21 Nov, 2019 06:16am

Business & Economy

Pak-Afghan Transit Trade: PM asks MoC to prepare comprehensive plan in 3 days

Prime Minister Imran Khan Wednesday directed the Ministry of Commerce to present a comprehensive plan within three days after taking into account all operational aspects and identifying the required administrative measures, ensure that a transparent corru

Published 21 Nov, 2019 12:00am

Sharks, rays facing extinction in Indian Ocean, say experts

Experts Wednesday expressed concern over fast-depleting population of sharks and rays species in the Indian Ocean, urging for eco-friendly and innovative fishing methods to help scale back accidental catch and mortality of the top predator fish.

Published 21 Nov, 2019 12:00am

Sanjrani approached to take action against minister, secretary over absence

Once again, a Senate panel, this time the Functional Committee on Problems of Less Developed Areas, approached Chairman Senate Sadiq Sanjrani on Wednesday "to take action" over the absence of Energy Minister Omar Ayub Khan and Secretary Energy Irfan Ali f

Published 21 Nov, 2019 12:00am

Business & Economy

NITL launches customer care call centre

Pakistan's first Asset Management Company, National Investment Trust Ltd (NITL) has launched its customer care call centre to facilitate its unit holders and prospective investors. A dedicated team will be available to guide and answer queries on demand.

Published 21 Nov, 2019 12:00am

Taxes

E&T department to set up Malkhanas, upgrade check-posts

Sindh Excise and Taxation (E&T) Department has decided to upgrade the existing check-posts and construct Malkhanas adjacent to excise police station across the province. The decision was made at a meeting presided by Sindh E&T minister Wednesday.

Published 21 Nov, 2019 12:00am

Business & Economy

Nisar Memon assumes charge of DS Railways Karachi

Nisar Memon on Wednesday assumed the charge of Divisional Superintendent (DS) Pakistan Railways Karachi Division. The ministry recently made transfers and postings of three top officials from Karachi division.

Published 21 Nov, 2019 12:00am

Money & Banking

Pakistan, Russia: 'Reliable, mutually acceptable banking system imperative'

A reliable and mutually acceptable banking system is imperative to enhance bilateral trade between Pakistan and Russia, said Yury M. Kozlov Trade Representative of the Russian Federation.

Published 21 Nov, 2019 12:00am

IHC to take up contempt of court notice against Firdous today

The Islamabad High Court (IHC) will take up on Thursday (today) another contempt of court notice against Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan for commenting on the "axle load policy" in sharp contra

Published 21 Nov, 2019 12:00am

SC asks if KP government can make laws in derogation of Article 10A

The Supreme Court has questioned whether the Khyber Pakhtunkhwa government can make laws in derogation of Article 10A of the Constitution.

Published 21 Nov, 2019 12:00am

UN Committee adopts Pakistan's resolution on right to self-determination

A key committee of the UN General Assembly has unanimously passed a Pakistan-initiated resolution reaffirming the right to self-determination for people who are subjected to colonial, foreign or alien occupation.

Published 21 Nov, 2019 12:00am

Malik urges Qureshi to file law suit in ICJ, ICC against Modi

Pakistan Peoples Party (PPP) leader Senator A Rehman Malik Wednesday released the letter which has been written to Foreign Minister Shah Mahmood Qureshi wherein he has urged the minister to file a lawsuit in the International Court of Justice (ICJ) & Inte

Published 21 Nov, 2019 12:00am

'Agriculture sector has potential to lead country to economic stability'

The agriculture sector of Pakistan can lead country to the economic stability provided conducive policies are formed, transfers of technology and joint ventures with the developed countries, particularly with China, are ensured.

Published 21 Nov, 2019 12:00am

Money & Banking

SBP governor directs banks to focus on loans to small farmers

Governor, State Bank of Pakistan (SBP), Reza Baqir has directed commercial banks to pay special focus on provision of loans to small farmers.

Published 21 Nov, 2019 12:00am

Shujaat phones Pir Pagara

Pakistan Muslim League-Quaid (PML-Q) leader Chaudhry Shujaat Hussain talked with chief of Pakistan Muslim League- Functional (PML-F) Pir Pagara on telephone on Wednesday, sources said. The leaders of two factions of Muslim League discussed current politic

Published 21 Nov, 2019 12:00am

Money & Banking

Government raises Rs 240 billion via MTBs

The federal government Wednesday raised some Rs 240 billion through the auction for short-term government papers. The State Bank of Pakistan (SBP), on November 20, conducted the auction for the sale of 3-month, 6-month and 12-month government of Pakistan

Published 21 Nov, 2019 12:00am

Doctors, surgeons attend 'Sepsis-Alive' course

The Sepsis-Alive Course, second of its kind in the world was concluded at the KMC-run Abbasi Shaheed Hospital (ASH) where training was provided to the doctors and surgeons from government and private sector hospitals.

Published 21 Nov, 2019 12:00am

Business & Economy

PIA officials' detect illegal drugs at Laore airport

PIA officials' swift action resulted in detection of illegal drugs at Lahore airport. PIA security and ground support officials found 03 mysterious packets in an empty ULD luggage container at the yard area at Lahore airport. PIA security and ground handl

Published 21 Nov, 2019 12:00am

Business & Economy

Pavilion being set up Dubai Expo to showcase Pakistani products: governor

Pakistan is establishing a pavilion in Dubai Expo at the cost of $20 million that would showcase the local products for the next twenty years, said Governor Sindh Imran Ismail here on Wednesday.

Published 21 Nov, 2019 12:00am

Conference of CPEC Consortium of CPEC universities concludes

"Pakistani and Chinese universities collaborating under the China-Pakistan Economic Corridor (CPEC) Consortium of Universities will generate ideas leading to the development of both the countries, as universities are the nurseries of ideas."

Published 21 Nov, 2019 12:00am

Government mulling to ban social networking websites in offices

The government is planning to ban social networking websites such as Twitter, WhatsApp, Facebook and YouTube in the government offices owing to increased risk of important data leak.

Published 21 Nov, 2019 12:00am

Steps being taken to protect minorities' rights: KP governor

Governor Khyber Pakhtunkhwa Shah Farman said that government is taking practical steps to protect minorities' rights and their places of worship.

Published 21 Nov, 2019 12:00am

Parliament Lodges: Senate body takes notice of issues faced by senators

Senate House Committee has taken serious notice of the issues being faced by the parliamentarians at the Parliament Lodges and directed Capital Development Authority (CDA) to look into the matter.

Published 21 Nov, 2019 12:00am

World urged to become voice of IOK's oppressed Kashmiri children

Pakistan Wednesday urged the international community to become the voice of the oppressed Kashmiri children of Indian-occupied Jammu and Kashmir.

Published 21 Nov, 2019 12:00am

Stocks

Takaful operations: SECP imposes new conditions on life insurers

The Securities and Exchange Commission of Pakistan (SECP) has imposed new conditions on life insurers related to financial reporting of their Window Takaful operations.

Published 21 Nov, 2019 12:00am

Business & Economy

Government urged to take pragmatic measures to restore investors' confidence

President of the Sarhad Chamber of Commerce and Industry, Engr Maqsood Anwar Pervaiz has urged the government to take pragmatic measures to give boost industrialization and restore confidence of investors.

Published 21 Nov, 2019 12:00am

2nd phase of CPEC: Nine SEZs identified to focus on rapid industrialisation: Qureshi

Foreign Minister Shah Mehmood Qureshi Wednesday said that completion of ongoing projects of China-Pakistan Economic Corridor (CPEC) is the top most priority of the government.

Published 21 Nov, 2019 12:00am

'ChildLife committed to saving 1m kids this year'

ChildLife Foundation is committed to saving as many as one million children this year after successfully extending and running pediatrics emergency rooms in 7 government teaching hospitals in Sindh," Dr Ahson Rabbani, CEO of ChildLife Foundation said this

Published 21 Nov, 2019 12:00am

Business & Economy

New trade missions urged to aggressively market Pakistani products

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has urged the Pakistan new trade missions to aggressively market the Pakistani products in the respective countries and also share the information

Published 21 Nov, 2019 12:00am

Energy

Naveena Group to establish wind power project in Jhimpir

The Naveena Group has announced that it has achieved financial close with the Government of Pakistan for its 50 MW Wind Power Project in Jhimpir, Thatta, Sindh.

Published 21 Nov, 2019 12:00am

Energy

Ministry of Energy (Power Division) Sardar Mohazzam joins NCCEA as MD

Dr Sardar Mohazzam has joined as the Managing Director, National Energy Efficiency and Conservation Authority, Ministry of Energy (Power Division).

Published 21 Nov, 2019 12:00am

Energy

KE apprises FBATI about investment in power value chain

A KE delegation headed by CEO Moonis Alvi met with the Federal B Area Association of Trade & Industry (FBATI) as part of the power utility's drive to further improve industry facilitation through closer coordination.

Published 21 Nov, 2019 12:00am

Punjab Cooperatives department: Minister takes notice of alleged embezzlement in properties

Punjab Law, Parliamentary Affairs and Social Welfare Minister Raja Bashart took a notice of alleged embezzlement in the properties of Punjab Cooperatives Department.

Published 21 Nov, 2019 12:00am

Punjab government invites bids for uplift of Allama Iqbal, M-3 Industrial Cities

The Punjab government on Wednesday invited bids for development of Allama Iqbal Industrial City after formally launching Priority Special Economic Zones under China Pakistan Economic Corridor ( CPEC) to accelerate economic activities besides generating em

Published 21 Nov, 2019 12:00am

Taxes

Sales tax not payable on subsidy received by Discos: expert

Sales Tax is not payable on the subsidy received by the power distribution companies (DISCOs) from the government, said leading tax expert Hussain Ahmad Sherazi.

Published 21 Nov, 2019 12:00am

Institutions are independent, says Sarwar

Punjab Governor Chaudhry Mohammad Sarwar said on Wednesday that the NAB chairman is talking of accountability of government because institutions are independent.

Published 21 Nov, 2019 12:00am

PA passes Punjab Water Bill 2019 amid opposition's boycott

The Punjab Assembly on Wednesday passed The Punjab Water Bill 2019, The Punjab Seized and Freezed Facilities (Hospitals and Dispensaries) Bill 2019, The Punjab Regularisation of Services (Amendment) Bill 2019, The Provincial Employees Social Security (Ame

Published 21 Nov, 2019 12:00am

Money & Banking

BoK hosts SBP meeting of ACAC

The State of Pakistan (SBP) meeting of Agriculture Credit Advisory committee (ACAC) FY 2019-20 was held in Peshawar at local hotel.

Published 21 Nov, 2019 12:00am

Eden Housing Scheme scam: AC issues bailable arrest warrants of Murtaza Amjad, others

An accountability court on Wednesday issued bailable arrest warrants of Murtaza Amjad son-in-law of former chief justice Iftikhar Muhammad Chaudhry and three others in Eden Housing Scheme scam. The other suspects include Dr Amjad, Mustafa Amjad and Anam A

Published 21 Nov, 2019 12:00am

Business & Economy

Economic situation being improved owing to 'solid' policies: CM

Punjab Chief Minister Sardar Usman Buzdar on Wednesday said the provincial government will take other provinces along in the journey of development and special attention has been paid to removing the deprivations of backward areas.

Published 21 Nov, 2019 12:00am

Business & Economy

Economic growth rate remains slow at 3.3 percent in FY19: Eng Hassan

Pakistan's economic growth rate has slowed down from 5.5 percent to 3.3 percent in FY 2019, lowest in nine years and missing targets set for all major sectors of the economy, said Engineer Ahmad Hassan former Vice President Faisalabad Chamber of Commerce

Published 21 Nov, 2019 12:00am

Business & Economy

Print Pakistan Expo to begin on November 22

A three-day 'Print Pak 2019 Exhibition' will be held here at Lahore Expo Center from November 22 in which over 90 foreign and local companies from, Paper & Board Manufacturers, Importers, Ink Suppliers & Manufacturers, Offset and Digital Printing machiner

Published 21 Nov, 2019 12:00am

Articles

Partly Facetious: The Khan is modern gentleman

"The Khan and his team of merry men must stop because it's becoming quite embarrassing and..."

Updated 21 Nov, 2019 04:45am

Reference against Dar: AC adjourns hearing till November 27

A prosecution witness Wednesday told the Accountability Court hearing a corruption reference against former finance minister Muhammad Ishaq Dar that the two of the co-accused have no link with Dar's accounts in the interim reference.

Published 21 Nov, 2019 12:00am

Energy

Ministry to provide Rs 5.6 billion for SEZs' infrastructure

The Ministry of Finance would provide Rs 5.6 billion fund under the direction of the Prime Minister to facilitate utility infrastructure (electricity and gas) in eight special economic zones (SEZs) under China-Pakistan Economic Corridor (CPEC), it is lear

Published 21 Nov, 2019 12:00am

Commodities

Government urged to fix wheat support price at Rs 1,400 per 40kg

A sub-committee of the National Assembly Special Committee on Agricultural Products has recommended the government to fix wheat support price at Rs 1,400 per 40kg for 2019 owing to increase in prices of pesticides and other inputs.

Published 21 Nov, 2019 12:00am

Yousaf Mirza resigns as PM's special assistant

Special Assistant to Prime Minister on Media Yousaf Baig Mirza on Wednesday resigned from his office. According to sources, Yousaf Baig Mirza resigned from his post due to personal reasons. Mirza, who previously served as the managing director of Pakistan

Published 21 Nov, 2019 12:00am

Brief Recordings

Clover Pakistan Limited

Clover Pakistan Limited, established in 1986 as a public limited company, is listed on the Pakistan Stock Exchange. It has under its belt several businesses, in both categories of goods and services; these include auto care, business solutions such as pro

Updated 21 Nov, 2019 11:25am

France, Germany offer NATO plans after 'brain death' row

France and Germany outlined separate proposals for reforming NATO on Wednesday after President Emmanuel Macron slammed the alliance as experiencing "brain death", causing uproar just weeks before a crucial summit.

Published 21 Nov, 2019 12:00am

Pentagon says Iran's missiles unrivaled in Middle East

Despite decades of sanctions, Iran has succeeded in developing its missile arsenal, which is larger than that of any other Middle Eastern country including Israel, a Pentagon study said Tuesday.

Published 21 Nov, 2019 12:00am

Hitler memorabilia auction rakes in thousands despite protests

An auction of Nazi memorabilia, including Adolf Hitler's top hat, raked in hundreds of thousands of euros in Munich Wednesday in the teeth of German and international protest.

Published 21 Nov, 2019 12:00am

Trump says exonerated by Sondland impeachment testimony

President Donald Trump sought Wednesday to distance himself from US envoy Gordon Sondland as he made an explosive appearance before an impeachment hearing, while also asserting that his testimony had exonerated him entirely.

Published 21 Nov, 2019 12:00am

Rouhani blames deadly unrest on 'anarchists'

Iranian President Hassan Rouhani said Wednesday the country's people had defeated an "enemy conspiracy" behind a wave of violent protests and were celebrating their victory.

Published 21 Nov, 2019 12:00am

More countries affected by terrorism even as deaths fall: index

The number of global deaths from terrorism fell 15.2 percent in 2018, even as the number of countries affected by extremist violence continued to grow, the 2019 Global Terrorism Index showed.

Published 21 Nov, 2019 12:00am

Islamic State likely to decentralise financing: US official

The Islamic State (IS) group's financing is likely to shift from a "centralised" system in Iraq and Syria to a much more fragmented one following the death of its leader, a US official said Wednesday.

Published 21 Nov, 2019 12:00am

Vatican criticises US policy shift on Israeli settlements

The Vatican spoke out on Wednesday against the United States' decision to no longer consider Israeli settlements illegal, joining stiff international criticism of the policy reversal.

Published 21 Nov, 2019 12:00am

Russian air raids, regime strikes in Syria kill 14

Attacks by Syrian President Bashar al-Assad's forces and air raids by his ally Russia killed at least 14 civilians including eight children in Idlib province on Wednesday, a monitoring group said.

Updated 21 Nov, 2019 07:04am

Israeli air strikes kill 23 in Syria

Israel said its warplanes carried out a "very intense" attack against Iranian forces and Syrian army targets in Syria Wednesday, in raids a monitoring group reported killed at least 23 people. In a rare confirmation of their operations in Syria, the Israe

Updated 21 Nov, 2019 07:04am

Twitter accuses UK of misleading public in election row

Twitter accused Britain's governing Conservatives on Wednesday of misleading the public by rebranding themselves as fact-checkers during a live TV election debate, fuelling concerns about trust in politics.

Updated 21 Nov, 2019 07:04am

Son of former German president stabbed to death

An assailant has stabbed to death the son of former German president Richard von Weizsaecker in an attack at a Berlin hospital that left one other person seriously injured, police said Wednesday.

Published 21 Nov, 2019 12:00am

US Senate passes HK rights bill, angering China

The US Senate unanimously adopted legislation Tuesday supporting "human rights and democracy" in Hong Kong and threatening to revoke its special economic status, angering China which promptly summoned a US diplomat and threatened countermeasures.

Updated 21 Nov, 2019 07:04am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,238. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.371 billion and the numbers of lots traded was 6,920.

Published 21 Nov, 2019 12:00am

Commodities

Hot and humid weather boosts Ivory Coast's cocoa crop

Above average rainfall mixed with heat last week in most of Ivory Coast's cocoa growing region will boost the quality of the crop, farmers said on Monday.

Published 21 Nov, 2019 12:00am

Commodities

CBOT soyabean futures up

Chicago Board of Trade soyabean futures closed modestly higher on Tuesday on technical buying, a sluggish US harvest pace and spillover strength from wheat and corn, traders said.

Published 21 Nov, 2019 12:00am

Commodities

Paris wheat futures rise hitting highest three weeks

European wheat futures in Paris rose on Tuesday, hitting their highest in around three weeks, supported by a rebound in US futures in Chicago and expectations of fresh export sales for French wheat in Algeria's international purchase tender this week.

Published 21 Nov, 2019 12:00am

Commodities

CBOT corn futures higher

Chicago Board of Trade corn futures ended higher on Tuesday, rebounding from a two-month low set a day earlier, supported by signs of improving export demand and a slow US harvest pace, traders said.

Published 21 Nov, 2019 12:00am

Energy

US natural gas futures fall to 3-week low

US natural gas futures slipped to a fresh three-week low on Tuesday as production rose to an all-time high and the latest weather forecasts confirmed an earlier outlook calling for near normal temperatures through early December.

Published 21 Nov, 2019 12:00am

Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 173,892 tonnes of cargo comprising 122,603 tonnes of import cargo and 51,289 tonnes of export cargo including 7,115 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 21 Nov, 2019 12:00am

Cotton & Textile

Firmness prevails on cotton market

Firmness prevailed on the cotton market on Wednesday in the process of moderate trading activity, dealers said.

Published 21 Nov, 2019 12:00am

Commodities

Chinese iron ore futures reverse early losses

Chinese iron ore futures recouped early losses to extend their rally into a sixth straight session on Tuesday as steel prices stretched gains amid shrinking inventories and possible fresh output restrictions to curb air pollution.

Published 21 Nov, 2019 12:00am

Money & Banking

Trade-exposed currencies fall in Asia

The dollar rose on Wednesday and trade-exposed currencies fell after the US president threatened a trade war escalation and China condemned a US senate measure backing pro-democracy protesters in Hong Kong.

Published 21 Nov, 2019 12:00am

Money & Banking

Dollar gains in Europe

The dollar edged higher on Wednesday as worsening US-China relations fuelled demand for the greenback before the release of minutes from the Federal Reserve's October policy meeting where it raised interest rates for the third time this year.

Published 21 Nov, 2019 12:00am

Money & Banking

Early trade in New York: Dollar edges up as trade tensions support

The dollar edged higher on Wednesday as worsening US-China relations supported demand for the safe-haven greenback even as investors awaited the release of minutes from the Federal Reserve's October policy meeting for clues to the path of future US intere

Published 21 Nov, 2019 12:00am

Money & Banking

Dollar rises against basket of currencies in NY

The US dollar edged higher against a basket of currencies on Tuesday, on pace to snap a three-day losing streak as continued lack of clarity about US-China trade talks kept investors cautious.

Published 21 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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