News Archives for Print - 2019-11-24

Print - 2019-11-24

Fazl invites Bilawal, Ahsan to APC

JUI-F chief Maulana Fazlur Rehman telephoned opposition leaders, including PPP chairman Bilawal Bhutto Zardari and PML-N leader Ahsan Iqbal and invited them to attend All-Party Conference (APC) being held on November 26.

Published 24 Nov, 2019 12:00am

Stocks

S&P downgrades South Africa's outlook to negative

S&P Global on Friday downgraded http://bit.ly/2D8LTm3 its outlook for South Africa's credit rating to negative, citing weak pace of economic growth, mounting government debt burden and liabilities related to the country's energy utility, Eskom.

Published 24 Nov, 2019 12:00am

Telecommunication

German 5G bidders must guarantee no foreign state meddling

Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel's Christian Democrats agreed on Saturday, stopping short of singling out China's Huawei.

Published 24 Nov, 2019 12:00am

Al-Azizia, Flagship cases: Nawaz seeking exemption from appearance

As Islamabad High Court (IHC) is set to hear appeal against the Accountability Court judgment in Al-Azizia reference from tomorrow (November 25), former prime minister Nawaz Sharif Saturday filed an application to get exemption from personal appearance. A

Published 24 Nov, 2019 12:00am

Top court to take up appeals of Zardari, Talpur on 26th

The top court will take up appeals of former president Asif Ali Zardari and MPA Faryal Talpur against transfer of fake bank accounts case from Karachi to Islamabad from November 26.

Published 24 Nov, 2019 12:00am

Musharraf moves LHC

General Pervez Musharraf (retd) has approached the Lahore High Court (LHC) against the verdict reserved by the special court of Peshwar High Court in high treason case against him and prayed to the court to suspend the trial in absentia being conducted ag

Published 24 Nov, 2019 12:00am

ECP denies any directives for completion of foreign funding case

The Election Commission of Pakistan (ECP) has denied that it has issued any directives for the completion of foreign funding case, which involves the ruling party Pakistan Tehreek-e-Insaf (PTI), within 15 days. In a statement issued Saturday, the ECP said

Published 24 Nov, 2019 12:00am

Umar rejects US diplomat's assertion

Federal Minister for Planning, Development & Reform Asad Umar on Saturday rejected the statement of US diplomat that China would be sole beneficiary of China-Pakistan Economic Corridor (CPEC), which would push Pakistan into debt trap.

Published 24 Nov, 2019 12:00am

Government challenges US assessment of CPEC

Commenting on the speech on the China-Pakistan Economic Corridor (CPEC) by a US diplomat, spokesman for the Ministry of Planning and Development has stated that the views are based on a wrong analysis and incorrect assessment of facts.

Published 24 Nov, 2019 12:00am

FBR to launch 'POS' for large retailers

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Saturday said the FBR will launch automated Point of Sale (POS) for all large retailers from December 2019.

Published 24 Nov, 2019 12:00am

Import permits for over 16,000 MTs of tomatoes issued

Following the directives of the federal government, the Department of Plant Protection (DPP) has issued import permits for the import of over 16,000 metric tons of tomato to arrest the commodity's skyrocketing prices in the domestic market.

Published 24 Nov, 2019 12:00am

Mills in Punjab, Sindh: Average cost of 1-kg of sugar comes to Rs51.93: CCP

The Com-petition Commission of Pakistan (CCP) has calculated the average manufacturing cost of one kilogramme of sugar at Rs 51.93, based on actual data received from sugar mills of Punjab and Sindh for 2016-17.

Published 24 Nov, 2019 12:00am

Norwegian envoy summoned

Pakistan summoned the Norwegian ambassador on Saturday to convey the deep concern of the government over the incident of desecration of the Holy Quran in the Norwegian city of Kristiansand, the Foreign Office said.

Published 24 Nov, 2019 12:00am

American VP avoids Baghdad leaders on surprise Iraq visit

US Vice President Mike Pence avoided meeting Iraqi federal government leaders during a surprise trip Saturday to the country, where deadly anti-government protests have highlighted Washington's diminished influence.

Published 24 Nov, 2019 12:00am

Modi's party makes surprise comeback in Maharashtra

Indian Prime Minister Narendra Modi's party made an unexpected comeback to power Saturday in wealthy Maharashtra state, home to the country's financial capital, after prolonged backroom negotiations saw presidential rule lifted after days of uncertainty.

Published 24 Nov, 2019 12:00am

NICL raises 'withheld' basic pay of employees

The National Insurance Company Limited (NICL) has increased 'withheld' basic pay of its employees, excluding officers, wef, January 1, 2017, reportedly after the suicide of an employee in Islamabad due to financial constraints, insiders in the NICL told <

Updated 24 Nov, 2019 06:11pm

Finance Division seeks to strengthen CCP

Finance Division has decided to strengthen Competition Commission of Pakistan (CCP) so that the latter could play a proactive role in preventing the formation of cartels, which results in excessive profiteering and stoking inflation.

Published 24 Nov, 2019 12:00am

Duque promises social reforms as three dead in Colombia protests

Protesters picketed the home of Colombian President Ivan Duque on Friday, defying a curfew and the leader's promises of a "national conversation" on social policies following massive anti-government demonstrations that have left three dead and dozens woun

Published 24 Nov, 2019 12:00am

Hamdullah case: Nadra submits reply

The National Database and Registration Authority (NADRA) has submitted its reply in the Islamabad High Court (IHC) in a case related to the suspension of Jamiat Ulema-e-Islam Fazl (JUI-F) Senator Hafiz Hamdullah's citizenship.

Published 24 Nov, 2019 12:00am

CJP against unwarranted interference with government matters

Chief Justice of Pakistan (CJP) Justice Asif Saeed Khosa on Saturday said courts need not interfere if institutions are working efficiently.

Published 24 Nov, 2019 12:00am

Deadlock between govt, opposition persists: Government asked to appoint new CEC before December 6

Outgoing Chief Election Commissioner Justice Sardar Muhammad Raza (retd) has officially approached the government for the appointment of new CEC following his retirement on December 6 while cautioning that the Election Commission of Pakistan (ECP) would b

Published 24 Nov, 2019 12:00am

NAB approaches ministry to place Durrani's name on ECL

The National Accountability Bureau (NAB) has approached the interior ministry to place JUI-F leader Akram Durrani's name on the Exit Control List (ECL).

Published 24 Nov, 2019 12:00am

PM praises economic team for achieving C/A surplus

Prime Minister Imran Khan has heaped praises on his economic team for achieving the "current account" deficit. Is his statement, the premier said, "I am proud of my team which ended the deficit during the last four months and the value of rupee, stabilise

Published 24 Nov, 2019 12:00am

Letters

What's going on?

This is apropos a Business Recorder editorial "A befitting response" carried by the newspaper on Friday. The newspaper has concluded its argument by saying that, "the prime minister seems to have been clearly irked by the Lahore High Court verdict.

Published 24 Nov, 2019 12:00am

Articles

45 years after Nixon, another US president faces impeachment

On August 7, 1974, a trio of top Republican leaders went to the White House and told President Richard Nixon that party support was eroding and impeachment was inevitable.

Published 24 Nov, 2019 12:00am

Articles

Bombshell GM lawsuit has bribes, backdoor schemes

General Motors' bombshell lawsuit against Fiat Chrysler reads like a crime novel, with jaw-dropping bribes, a custom-made Italian watch, and splurges on a luxury wedding and $7,000 feasts at upscale restaurants.

Published 24 Nov, 2019 12:00am

Articles

In quest of renewable power policy

The use of fossil fuel is still the dominant source of power generation that accounts for around 65% globally. However, the tilt in favour of renewable resources is changing at a much faster pace than what was envisaged in the last decade. The driving for

Published 24 Nov, 2019 12:00am

Articles

C/A: Myths and realities

"Damned if you do, damned if you don't," someone who should be credited for having current account surplus rightly said on the so-called media bashing upon having one-month current account surplus after four years. A few months back everyone was saying th

Published 24 Nov, 2019 12:00am

Grappling with climate change

Speaking at the 7th International Union for Conservation of Nature (IUCN) Asia Regional Conservation Forum recently in Islamabad, Prime Minister Imran Khan said that protecting the environment has been one of his priorities since he started his term in of

Updated 25 Nov, 2019 06:21am

Air attacks on Gaza

Israel once again launched air strikes on the hapless citizens of Gaza, killing and injuring dozens of people, many of them children, who lived in densely populated neighbourhoods. No one was killed by the retaliatory rockets fired from the besieged Gaza.

Updated 25 Nov, 2019 06:21am

Persistence of the dengue menace

The incidence of dengue infections has risen to an unprecedented level all across the country. As many as 49,587 cases have been reported in the current year, which is nearly double the number of Pakistanis infected with dengue virus in any year since the

Updated 25 Nov, 2019 06:21am

Telecommunication

Edotco to develop AJ&K, GB's telecom infrastructure

Special Communications Organization (SCO) largest integrated network with multiple layers of backhaul connectivity in Azad Jammu and Kashmir (AJ&K) and Gligit-Baltistan (GB) and Edotco Pakistan (Pvt) Limited, leading integrated telecom infrastructure serv

Published 24 Nov, 2019 12:00am

Explosives and firecrackers seized

Model Collectorate Customs, Port Qasim, has seized cartons of explosives and firework crackers imported under the garb of children toys.

Published 24 Nov, 2019 12:00am

Telecommunication

MLAT & Budapest Convention: Ministry approached to finalise viewpoint with US

Ministry of Information Technology and Telecommunication (MoITT) has approached the Interior Ministry to finalize viewpoint on the matter of signing Mutual Legal Assistance Treaty (MLAT) and Budapest Convention with the United States of America (USA), whi

Published 24 Nov, 2019 12:00am

Cotton & Textile

Government plans to enhance exports: Razak

Advisor to Prime Minister for Commerce Textile & Industrial production and Investment, Abdul Razak Dawood, has stated that government is making policy to increase export and decrease import for the economic stability of the country. He was presiding over

Published 24 Nov, 2019 12:00am

Energy

Solar power project: LCIA dismisses Zonergy's claim against CPPA-G

Central Power Purchasing Agency (CPPA-G) and three subsidiaries of Zonergy Company Limited (Zonergy) approached the London Court of International Arbitration (LCIA) earlier this year to agitate their disputes under three identical energy purchase agreemen

Published 24 Nov, 2019 12:00am

Khursheed's judicial remand extended for 15 days

An accountability court on Saturday extended judicial remand of Pakistan People's Party (PPP) stalwart Syed Khursheed Shah for 15 days, in assets beyond known sources of income case.

Published 24 Nov, 2019 12:00am

Incidents of crime on the rise in Capital

The incidents of various kinds of theft, carjacking, murder, kidnapping and attempts of murder showed an increase in the federal capital during the current year, depriving citizens of valuables worth millions of rupees.

Published 24 Nov, 2019 12:00am

South Korean monks' team visits Pakistan

Around 60-member delegation of South Korean Buddhist pilgrims led by President of Jogye Order of Korean Buddhism Ven Wonhaeng visited Pakistan from November 16 to November 23, 2019.

Published 24 Nov, 2019 12:00am

Business & Economy

Iranian trade delegation visits KCCI

Pakistan and Iran can increase their bilateral trade by strengthening the ties between the business communities of two countries and exchange of business delegations, Pakistan and Iranian businessmen noted here on Saturday.

Published 24 Nov, 2019 12:00am

Business & Economy

Centre releases Rs 160.59 billion under PSDP

The federal government has released Rs 289.16 billion (41.25 percent) including Rs 53.62 billion foreign aid (41.8 percent) for various ongoing and new development projects under Public Sector Development Program (PSDP) 2019-20 against the total budgeted

Published 24 Nov, 2019 12:00am

IT & Computers

PASHA represents Pakistan at 19th International APICTA Awards

Pakistan Software Houses Association (PASHA) represented Pakistan at the 19th International Asia Pacific ICT Alliance (APICTA) Awards by taking the official delegation of winners and runner-ups from PASHA ICT Awards 2019.

Published 24 Nov, 2019 12:00am

Business & Economy

NKIDMC director suggests property tax for maintenance of infrastructure

Director of North Karachi Industrial Development & Management Company (NKIDMC), Syed Usman Ali has suggested that property tax received from the North Karachi Industrial Area should provide funds to the management company on a regular basis, so that the m

Published 24 Nov, 2019 12:00am

Taxes

Only taxpayers deserve to be respected as VVIP: Dr Khalid

Federal Minister for Information Technology Dr Khalid Maqbool Siddiqui said that only taxpayers should be given the status and respect of VVIP as it is seen in today's modern and civilized world. Traders and businessmen have always paid taxes and that the

Published 24 Nov, 2019 12:00am

Gold prices down by Rs 200

Gold price on Saturday dropped by Rs200 per tola to Rs85650 on the local market, according to traders. Now, the precious metal is selling for Rs73432 per 10 grams and was quoted for $1462 an ounce on the world market. Silver was traded for Rs1000 per tola

Published 24 Nov, 2019 12:00am

PFA seals store for selling adulterated tea leaves

The Punjab Food Authority has sealed a tea store for selling adulterated tea leaves while carrying out an operation in the walled city here on Saturday. PFA Director General Captain Muhammad Usman (R) said that acting on a tip-off, the PFA team conducted

Published 24 Nov, 2019 12:00am

Business & Economy

FPCCI chief highlights importance of GSP Plus

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has urged the government to take all necessary measures in compliance of core international conventions pertaining to social compliance, including huma

Published 24 Nov, 2019 12:00am

CM enquires after health of Raza, Hassan

Sindh Chief Minister Syed Murad Ali Shah visited Aga Khan Hospital and National Institute of Child Health (NICH) to inquire about the recovery of Raza, 40 injured in police firing near Cantt Station and Hassan, 5, bitten by dogs in Larkana.

Published 24 Nov, 2019 12:00am

Business & Economy

MoU to be inked for Faisalabad Expo Centre

Memorandum of Understanding (MoU) for the construction of a state-of-the-art Faisalabad Expo Centre is expected to be inked on Monday or Tuesday, said Zafar Iqbal Sarwar, Senior Vice President FCCI.

Published 24 Nov, 2019 12:00am

Energy

Murad for speedy electrification of villages

Sindh Chief Minister Syed Murad Ali Shah presiding over a meeting to review village electrification and gasification has directed energy department to expedite the assigned work to gas and electricity distribution companies so that the benefit of governme

Published 24 Nov, 2019 12:00am

Taxes

Customs value of garments of low end brands revised

Directorate General Customs Valuation (DGCV) has revised the customs values of garments of low end brands of China, Indonesia, Malaysia, UAE, Bangladesh, Sri Lanka, Thailand, Vietnam and other origins under sub-section (7) of section 25 of the Customs Act

Published 24 Nov, 2019 12:00am

Foreign funding case filed to 'blackmail PTI': Chohan

Punjab Minister for Colonies Fayyaz-ul-Hassan Chohan said on Saturday that the foreign funding case against the ruling Pakistan Tehreek-e-Insaf (PTI) has been lodged to "blackmail" the party.

Published 24 Nov, 2019 12:00am

Efforts afoot to improve healthcare system: minister

The Sindh Local Government Minister Syed Nasir Hussain Shah said that Government of Sindh was making consistent efforts to develop holistic approach to bridge gaps in health services delivery at all levels of primary, secondary and tertiary health care wi

Published 24 Nov, 2019 12:00am

Business & Economy

HBFC signs MoU with Adamjee Life Assurance

The MoU signing ceremony was recently held between House Building Finance Company (HBFC) & Adamjee Life Assurance Co Ltd The MoU was signed by Faisal Murad, Group Head Business & Operations - HBFC and Jalal Meghani, Deputy Managing Director - Adamjee Life

Published 24 Nov, 2019 12:00am

Rulers 'attitude' may derail democracy: Siraj

Jamaat-e-Islami Chief Senator Sirajul Haq has said that the rulers are crumbling under the weight of their own blunders and are trying to create political instability in the country. Addressing a training workshop of the JI workers at Mansoora on Saturday

Published 24 Nov, 2019 12:00am

Money & Banking

'WB to fund research projects for socio-economic development'

World Bank representative Dr Graham Harrison has said that World Bank would fund those research projects that would bring socio-economic development in the country and achieve sustainable development goals.

Published 24 Nov, 2019 12:00am

Business & Economy

KOTRA for developing bilateral ties with construction companies

Korean Organization for Trade Promotion (KOTRA) has urged the Constructors Association of Pakistan (CAP) to help further developing the bilateral relations between the construction companies of Pakistan & Korea.

Published 24 Nov, 2019 12:00am

Sarwar vows to support furniture industry

Governor Punjab Ch Muhammad Sarwar Saturday said Pakistan handmade furniture products had great potential to capture world market with excellent modern designing.

Published 24 Nov, 2019 12:00am

Buzdar slams desecration of Holy Quran

Punjab Chief Minister Sardar Usman Buzdar on Saturday condemned the tragic incident of desecration of Holy Quran in Norway.

Published 24 Nov, 2019 12:00am

JI protests against desecration of Holy Quran in Norway

Protest demonstrations were held across the country on appeal of Jamaat-e-Islami Chief Senator Sirajul Haq to condemn the desecration of Holy Quran in Norway.

Published 24 Nov, 2019 12:00am

Business & Economy

IMC celebrates 30 years of success

Indus Motor Company (IMC) celebrated its 30th anniversary at an impressive ceremony which was held at the company's Toyota plant in Port Qasim Industrial Area near Karachi.

Published 24 Nov, 2019 12:00am

Minister for protecting rights of farmers

Punjab has exported six million tonnes of potatoes during the year 2018-19 which is 100,000 tonnes more than the exports made during the corresponding year.

Published 24 Nov, 2019 12:00am

CM terms 'Punjab Workers Welfare Fund Act 2019' 'historic'

Terming the approval of the Punjab Workers Welfare Fund Act 2019 from Punjab Assembly as a historic step, Chief Minister Sardar Usman Buzdar on Saturday said that implementation of this act will help improve the living standard of industrial workers.

Published 24 Nov, 2019 12:00am

Khaqan to lead Naya Jeevan and doctHERs

The Board of Directors at both Naya Jeevan and doctHERs announced that Khaqan Sikander has been appointed as their joint Chief Executive Officer (CEO), effective November 1st, 2019.

Published 24 Nov, 2019 12:00am

Business & Economy

RCCI slams act of maintaining higher interest rates

Rawalpindi Chamber of Commerce and Industry (RCCI) has shown dismay on the government decisions for maintaining the interest rate unchanged at 13.25 percent.

Published 24 Nov, 2019 12:00am

Business & Economy

Government urged to shun practice of depending on foreign loans

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to take serious measures to get rid of its dependence on foreign loans, as country's external debts and liabilities have increased

Published 24 Nov, 2019 12:00am

Commodities

Prices of essential kitchen items witness upward trend

Prices of most of the essential kitchen items, especially non-perishable item, witnessed yet another increase during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

Published 24 Nov, 2019 12:00am

Money & Banking

Steps being taken to control inflation: Hafeez

Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh says the government is taking all important steps to control inflation and improve economic growth rate of the country. Talking to a private news channel, he said the government has minimized

Published 24 Nov, 2019 12:00am

Session on 'prospective students' held at IBA

The Institute of Business Administration (IBA), Karachi organised an open house session for undergraduate programmes for prospective students at the main campus.

Published 24 Nov, 2019 12:00am

Dr Nimrita murder case: fingerprints not clear enough to identify: Nadra

The National Database and Registration Authority (NADRA) on Saturday sent back all eleven fingerprints submitted by the police in the Dr Nimrita Chandani murder case by saying that no identification can be made using these prints.

Published 24 Nov, 2019 12:00am

Government and its allies on same page: Elahi

Speaker Punjab Assembly Chaudhry Pervaiz Elahi on Saturday said government and allied parties are on same page and he had already told that neither Prime Minister Imran Khan would resign nor the assemblies would be dissolved.

Published 24 Nov, 2019 12:00am

Promotion of senior civil servants approved

A high-powered selection board, headed by Prime Minister Imran Khan, met on Saturday and approved promotion of senior civil servants to grade-22.

Published 24 Nov, 2019 12:00am

Foreign funding case: PM may lose his seat: former EC official

A former secretary of the Election Commission of Pakistan Kanwar Dilshad, said on Saturday that the election watchdog has powers to ban Prime Minister Imran Khan's party if the accusations levelled by Akbar S Babar are proven true.

Published 24 Nov, 2019 12:00am

Pipeline burst causes damage to Liaquatabad's road

A road near Karachi's Liaquatbad suffered major damage on Saturday after a water pipeline in the area burst. The damage worsened when a truck got stuck on the road.

Published 24 Nov, 2019 12:00am

WHO includes AMR as one of top 10 threats to global health

"World Health Organisation (WHO) has included Antimicrobial Resistance (AMR) as one of the top ten threats to global health in 2019." This was reiterated by medical practitioners on Saturday in a press briefing at local hotel in connection with the World

Published 24 Nov, 2019 12:00am

Money & Banking

Expert concerned at high interest rate

Economic & Financial Analyst, Ateeq Ur Rehman has said following the higher interest rate the non performing loan will continue to escalate. State Bank of Pakistan (SBP) on Friday announced to maintain the interest rate unchanged at 13.25 percent which is

Published 24 Nov, 2019 12:00am

Commodities

Farm workers for enhancing sugarcane rate

A large rally of farm workers demanded of the government to increase the procurement rate of sugarcane and ensure start of the crushing season in all sugar mills of Sindh.

Published 24 Nov, 2019 12:00am

Business & Economy

CDA-DWP in December: CDA assigns task of preparing three major projects

Capital Development Authority (CDA) in view of betterment of the city and facilitation of its residents has tasked concerned formations for preparation of three major projects for the upcoming CDA-Development Working Party (CDA-DWP) to be held in December

Published 24 Nov, 2019 12:00am

Tanzanian anger as aircraft seized in Canada

An aeroplane being delivered to Tanzania's national airline has been impounded in Canada over a Namibian-born farmer's $33-million compensation claim, Tanzania's foreign minister said Saturday.

Published 24 Nov, 2019 12:00am

Money & Banking

New York Fed extends overnight cash injections into 2020

The New York Federal Reserve Bank said Friday it will extend its overnight cash injections for the money market into next year in order to keep short-term interest rates stable.

Published 24 Nov, 2019 12:00am

Global Business Economy

Germany's BASF starts building $10bn petrochemical project in China

German chemical giant BASF has begun construction of its $10-billion integrated petrochemicals project in China's southern province of Guangdong, the company said in a statement on Saturday. The project based in the city of Zhanjiang will be China's first

Published 24 Nov, 2019 12:00am

China attacks US at G20 as the world's biggest source of instability

The United States is the world's biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government's top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.

Published 24 Nov, 2019 12:00am

Global Business Economy

US, China each say they are in no hurry for deal

US President Donald Trump and his Chinese counterpart Xi Jinping both insisted Friday they would resist pressure to give ground on a trade deal that Washington's leader said could be "very close."

Published 24 Nov, 2019 12:00am

Energy

China's gasoline exports hit record level

China's gasoline exports in October more than doubled from a year ago to a record as refiners' increasing processing runs created a fuel surplus in the domestic market, spurring overseas sales.

Published 24 Nov, 2019 12:00am

Energy

Egypt signs $430m gas deal with Texas' Noble Energy

Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy

Published 24 Nov, 2019 12:00am

East Africa storms kill 39 in Kenya and Tanzania

Heavy rains lashing East Africa have caused of dozens of deaths, with 29 buried by landslides in Kenya, and 10 people drowned in a river in Tanzania, officials said Saturday.

Published 24 Nov, 2019 12:00am

Vietnamese truck victim was at Dutch migrant centre

One of the 39 Vietnamese victims found dead in a refrigerated truck in Britain last month is a minor who disappeared from a Dutch asylum shelter previously, a newspaper report said Saturday.

Published 24 Nov, 2019 12:00am

Tens of thousands march in France to condemn domestic violence

Tens of thousands of people took the streets of Paris and other French cities on Saturday to protest against domestic violence, after more than 130 women are believed to have been killed by their partner or ex-partner in France this year.

Published 24 Nov, 2019 12:00am

CIA agent jailed for 19 years for spying for China

The former CIA officer who may have devastated US intelligence collection in China by giving up its network of informants to Beijing agents was sentenced on Friday to 19 years in prison.

Published 24 Nov, 2019 12:00am

Car bomb kills 9 in northern Syria town

A car bomb killed nine people including four civilians in a Turkish-held border town in northern Syria on Saturday, a Britain-based war monitor said.

Published 24 Nov, 2019 12:00am

China says defector to Australia is 'unemployed' fugitive

China sought late Saturday to discredit a man identified as a Chinese spy who defected to Australia with a trove of intelligence on Beijing's political interference operations in Hong Kong and overseas, accusing him of being an unemployed fraudster and fu

Published 24 Nov, 2019 12:00am

South Korea, Japan seek summit after intel pact thaw

Japan and South Korean foreign ministers agreed Saturday to arrange a summit between their leaders next month, seeking to build on a lowering of tensions after Seoul stuck to a key military pact.

Published 24 Nov, 2019 12:00am

Stocks

Nitro Software plans Australian IPO

US firm Nitro Software Ltd said on Friday that it plans to raise A$110.2 million ($74.78 million) through an initial public offering (IPO) in Australia, braving a tough local market where several listings have recently been pulled.

Published 24 Nov, 2019 12:00am

Stocks

Russian firms seen raising at least $10bn from share sales in 2020

Russian companies are expected to raise more than $10 billion through equity listings over the next year, said the co-head of global banking at VTB Capital, a leading organiser of share sales in the country.

Published 24 Nov, 2019 12:00am

Stocks

Eurozone bond yields decline, Bund yields tumble

Most euro zone government bond yields fell on Friday after data showed euro zone business growth almost ground to a halt this month while activity in the dominant services industry rose at a much weaker pace than expected.

Published 24 Nov, 2019 12:00am

Stocks

Wall Street rises with US-China trade mood, upbeat data

Wall Street advanced on Friday as both Washington and Beijing made positive comments on the potential for a trade deal between the world's two biggest economies and upbeat domestic economic data helped to ease investor worries.

Published 24 Nov, 2019 12:00am

Stocks

Swiss exchange to bid for Spanish BME bourse

Swiss stock exchange operator SIX said Monday it planned to bid for Bolsas y Mercados Espanoles (BME) to create Europe's third biggest operator, just as pan-European exchange Euronext signalled its own interest in the Spanish firm.

Published 24 Nov, 2019 12:00am

Stocks

Malaysia's Petronas says will not participate in Aramco IPO

Malaysian state energy company Petronas said on Friday it will not participate in Saudi Aramco's initial public offering, expected to be the world's biggest share sale.

Published 24 Nov, 2019 12:00am

Money & Banking

Central African summit calls for reflection on CFA franc

Leaders from six central African countries on Friday called for "in-depth thinking" on the CFA franc, whose future has come into question in West Africa.

Published 24 Nov, 2019 12:00am

Money & Banking

Canadian dollar ends week lower

The Canadian dollar was little changed against its US counterpart on Friday, unable to reduce this week's decline as oil prices fell and a strike at Canada's biggest railroad threatened to weigh on the country's economic growth.

Published 24 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Gainers
Losers
Leaders

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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