News Archives for Print - 2019-11-27

Print - 2019-11-27

Stocks

PSX, Shenzhen Stock Exchange sign agreement to upgrade system

Pakistan Stock Exchange (PSX) and Shenzhen Stock Exchange (SZSE) on Tuesday signed an agreement to upgrade trading and surveillance systems at a ceremony held in Shenzhen, a major city in the Chinese province of Guangdong.

Published 27 Nov, 2019 12:00am

BoE hands Citi record fine over UK reporting breaches

The Bank of England on Tuesday said it has handed US banking giant Citigroup a record fine of almost £44 million ($57 million, 51 million euros) for "serious and widespread" reporting breaches.

Published 27 Nov, 2019 12:00am

Government to declare erstwhile zero-rated sectors as export-oriented sectors

The government has decided to declare erstwhile five zero-rated sectors as export-oriented sectors which are eligible for incentives, well-informed sources in Commerce Division told Business Recorder.

Published 27 Nov, 2019 12:00am

Transaction limits of remittances revised upward

The State Bank of Pakistan (SBP) has revised some transaction limits of home remittances upward side to facilitate freelancers and pensioners. In order to further facilitate overseas Pakistanis, in October 2018, Authorized Dealers (ADs) were allowed to co

Published 27 Nov, 2019 12:00am

FBR lists factors behind revenue shortfall during 2018-19

The Federal Board of Revenue (FBR) has described slowdown in the construction-allied sectors including cement and steel, and import compression as major factors behind revenue shortfall during 2018-19. According to the FBR's biannual review (July-December

Published 27 Nov, 2019 12:00am

New refund payment system: PM asks FBR to remove bottlenecks

Prime Mini-ster Imran Khan Tuesday directed Federal Board of Revenue (FBR) to clear pending refunds of exporters and subsequently remove bottlenecks from the new refund payment system of the FBR.

Published 27 Nov, 2019 12:00am

Stocks

PSX closes in deep red: BRIndex100 snaps winning streak

After a positive opening, Pakistan Stock Exchange Tuesday witnessed panic selling due to prevailing political situation in the country which forced the market to close in deep red.

Published 27 Nov, 2019 12:00am

Army still confident Bajwa would be granted extension

General Qamar Javed Bajwa was handed a rare three-year extension on Aug. 19, with the office of Prime Minister Imran Khan citing tension with neighbouring India over the disputed territory of Kashmir.

Published 27 Nov, 2019 12:00am

Law minister quits govt to appear in extension case as counsel for government: Fresh summary approved by Cabinet

The federal cabinet on Tuesday approved a fresh summary for extension in the tenure of Chief of Army Staff General Qamar Javed Bajwa after the Supreme Court observed certain anomalies in the earlier notification. Federal Law Minister Farogh Naseem resigne

Published 27 Nov, 2019 12:00am

Extension in tenure of army chief: SC suspends notification

The Supreme Court on Tuesday suspended the operation of the notification related to extension/ re-appointment of the incumbent Chief of Army Staff (COAS) General Qamar Javed Bajwa for another term of three years.

Published 27 Nov, 2019 12:00am

BJP forced out in Maharashtra state

Indian Prime Minister Narendra Modi's party was forced out of power Tuesday in Maharashtra state, home to the country's financial capital Mumbai, following the collapse of its short-lived coalition. Hard-fought state elections last month saw Modi's Hindu

Published 27 Nov, 2019 12:00am

Queen Maxima praises Ehsaas programme

Prime Minister Imran Khan said on Tuesday that bottom line of the government's economic, agricultural and other policies would be to help the poor suffering from economic restructuring.

Published 27 Nov, 2019 12:00am

Law ministry secretary summoned by IHC

The Islamabad High Court (IHC) Tuesday summoned secretary Ministry of Law and Justice in response to a petition filed by Ministry of Interior against the Special Court's decision to reserve its verdict against former army chief General Pervez Musharraf (r

Published 27 Nov, 2019 12:00am

LHC admits Musharraf's plea for hearing

The Lahore High Court on Tuesday admitted a petition for regular hearing filed by former president Pakistan Gen Pervez Musharraf (retd) against a verdict reserved by a special court in the high treason case against him and called summary about formation o

Published 27 Nov, 2019 12:00am

Foreign funding case: PTI submits details before ECP's body

The ruling party Pakistan Tehreek-e-Insaf (PTI) Tuesday submitted its financial details before the Scrutiny Committee, which separately sought overseas funding details from Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) in the fore

Published 27 Nov, 2019 12:00am

Washington airspace alert sparks White House lockdown

The White House and US Congress were locked down for nearly an hour Tuesday over a suspected airspace intrusion over Washington, but hours later officials still had no explanation for what triggered the alert.

Published 27 Nov, 2019 12:00am

Letters

'C/A: Myths and realities'

Business Recorder op-ed writer and the head of newspaper's research department Ali Khizar appears to be in a good form. One of the points that he has highlighted in his latest article "C/A: Myths and realities" carried by the newspaper on Sunday pr

Published 27 Nov, 2019 12:00am

Articles

Pre-requisite for enhancing textile exports: long-term policy

Pakistan was once the leading textile exporter and was considered the most efficient and technically advanced textile sector in the region. The sector gradually started losing its shine in the last two decades. The foremost reason behind this decline was

Published 27 Nov, 2019 12:00am

Articles

What constitutes a responsible government?

A government is the most effective instrument contrived by the mankind to secure general welfare, blessings of liberties and happiness. To achieve all these ideals an efficient government needs to be installed as provided by the constitution and conventio

Published 27 Nov, 2019 12:00am

Articles

New Cold War?

Both Pakistan and China have given a fitting reply to the uncalled for and ill-informed US criticism of and objection to the China-Pakistan Economic Corridor (CPEC). But more than the CPEC, the US appears to be too wary of China's One Belt One Road (OBOR)

Published 27 Nov, 2019 12:00am

The scourge of smog

Smog continues to engulf swathes of central Punjab, with the air quality fluctuating between 'very unhealthy' and 'hazardous' on the Air Visual's Quality Index (AIQ), which records pollution levels all over the world in real time. On Thursday, Lahore earn

Updated 27 Nov, 2019 06:39am

Physical inactivity among adolescents

The trend is alarming. According to the World Health Organization's first-ever report on the subject, based on surveys of about 1.6 million students across 146 countries conducted between 2001 and 2016, an increasing number of adolescents do not get enoug

Updated 27 Nov, 2019 06:39am

Regulatory framework for Modarabas

In order to better monitor and regulate the financial activities of the Modaraba sector, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Modaraba Regulations 2019 aimed at introducing a new regulatory framework by imposing certa

Updated 27 Nov, 2019 06:40am

Senate body rejects US diplomat's statement on CPEC

The Senate Standing Committee on Foreign Affairs Tuesday out-rightly rejected the statement by top US diplomat Alice Wells on China-Pakistan Economic Corridor (CPEC) as "unacceptable interference in Pakistan's sovereign right to exercise policy choices th

Published 27 Nov, 2019 12:00am

Deepening relations with African nations: 'Envoys Conference' opens today

A two-day Envoys Conference being hosted by Foreign Office will open today to discuss ways and means for deepening relations with African nations and open new venues of cooperation with these countries.

Published 27 Nov, 2019 12:00am

IHC rejects contempt of court plea against PM

The Islamabad High Court (IHC) on Tuesday turned down a petition seeking contempt of court proceedings against Prime Minister Imran Khan for his recent remarks on the judiciary.

Published 27 Nov, 2019 12:00am

President summons NA session on December 2

President of the Islamic Republic of Pakistan has summoned the session of the National Assembly on 2nd December, 2019 at 4:00 p.m. at the Parliament House, Islamabad.

Published 27 Nov, 2019 12:00am

PTI bags Senate seat from KP

Another Pakistan Tehreek-e-Insaf (PTI) member Zeeshan Khanzada elected as member of Upper House (Senate) with overwhelming majority from Khyber Pakhtunkhwa by getting 104 votes out of a House of 145 on Tuesday.

Published 27 Nov, 2019 12:00am

PM's agriculture programme: Sindh part of only four projects out of 13 launched

Sindh is part of only four projects out of a total of 13 launched under the Rs 277 billion Prime Minister's National Agriculture Emergency Programme (NAEP).

Published 27 Nov, 2019 12:00am

APC rejects formation of CPEC Authority

The All Parties' Conference (APC) of the opposition on Tuesday rejected the formation of CPEC [China-Pakistan Economic Corridor] Authority, describing it against the decision of the Parliament.

Published 27 Nov, 2019 12:00am

KP CM terms rumours of his replacement 'baseless'

KP Chief Minister Mahmood Khan on Tuesday dispelled rumours about his replacement saying all such news were baseless and contain no truth. Talking to media while casting his vote in bye-election of Senate seat here in the provincial assembly, the Chief Mi

Published 27 Nov, 2019 12:00am

Energy

Renewable power plants: Sindh cabinet approves allotment of land to NTDC, 10 other companies

The Sindh Cabinet meeting held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah approved the allotment of 5,801 acres of land to National Transmission and Dispatch Company (NTDC) and 10 private firms on 30-year lease to install renewable

Published 27 Nov, 2019 12:00am

Business & Economy

Fault develops: PIA Lahore- Toronto bound flight diverts to Karachi

The flight PK-789 of Pakistan International Airlines (PIA) for the sector Lahore-Toronto was diverted to Karachi on identification of a snag. According to details, the flight PK-789, which took off from Lahore, was diverted to Karachi airport on Tuesday m

Published 27 Nov, 2019 12:00am

SSWMB MD announces shut down of EBM Causeway GTS

Managing Director of Sindh Solid Waste Management Board (SSWMB), Asif Ikram has said that there is need to reform the system of first hand garbage collection in the Karachi, garbage transportation stations (GTSs) would be revamped for processing and it wi

Published 27 Nov, 2019 12:00am

IT & Computers

Zuckerberg to deliver key note address at AdAsia 2019

Randi Zuckerberg will be delivering a key note address at the 31st Asian Advertising Congress - AdAsia 2019. Adasia is being held at Lahore from December 2-5, 2019.

Published 27 Nov, 2019 12:00am

Free diabetes camp held at EHL

With a view to raising awareness about diabetes and extending free spot testing to diabetic patients, Evercare Hospital Lahore (EHL) organized a free medical camp. Pakistan has the 4th highest prevalence of diabetes, with an estimated 19.4 million diagnos

Published 27 Nov, 2019 12:00am

16-day activism against GBV launched in Sindh

Speakers stressed the need for a strong and robust response mechanism to end sexual and other forms of gender-based violence in the Sindh. They were speaking at the seminar titled "Generation Equality Stands Against Rape - Prevention, Response and Rehabil

Published 27 Nov, 2019 12:00am

Business & Economy

Factors behind shortfall in Sindh's uplift expenditures highlighted

The actual development expenditure of the province has often remained less than the budgeted expenditures in Sindh due to multiple reasons, provincial government indicated in its official document. Development expenditure comprises provincial Annual Devel

Published 27 Nov, 2019 12:00am

PBC hails SC order

Vice-Chairman Pakistan Bar Council Syed Amjad Shah has appreciated the Supreme Court's decision to suspend the notification/order of the federal government granting extension to incumbent Chief of the Army Staff General Qamar Javed Bajwa.

Published 27 Nov, 2019 12:00am

In the Supreme Court of Pakistan (Original Jurisdiction)

PRESENT:

Published 27 Nov, 2019 12:00am

North Region: ANF signs MoU with Foundation University

Anti-Narcotics Force (ANF) North Region Tuesday signed a memorandum of understanding (MoU) with Foundation University with an aim to jointly work for eradication of drug abuse. The ANF North Region and Foundation University Rawalpindi signed the MoU with

Published 27 Nov, 2019 12:00am

Money & Banking

Fee structure for registering Modaraba companies revised

In line with the directions of the Securities and Exchange Policy Board, Securities and Exchange Commission of Pakistan (SECP) has revised fee structure for registration of Modaraba companies, annual renewal and other regulated activities within the Modar

Published 27 Nov, 2019 12:00am

Commodities

Domestic dairy products: NA body concerned at low productivity

National Assembly's Standing Committee on Inter-Provincial Coordination showed serious concern over low productivity of domestic dairy products and recommended that provincial livestock and fisheries departments should ensure their presence in the rural a

Published 27 Nov, 2019 12:00am

Cotton & Textile

APTMA seeks Razak's help in resolution of issues

The country's textile sector is still crying for resolution of its longstanding issues despite getting assurance at the highest level after meeting with the Army Chief, General Qamar Javed Bajwa. A delegation of All Pakistan Textile Mills Association (APT

Published 27 Nov, 2019 12:00am

Crackdown against profiteers

In a crackdown against profiteers, the Price Control Magistrates on Tuesday raided 8585 shops and registered 114 cases were against the violators.

Published 27 Nov, 2019 12:00am

Diabetes termed a serious threat to global health

Diabetes is a serious threat to global health that respects neither socioeconomic status nor national boundaries hence its best to prevent diabetes in early stages. These views were expressed by Prof Abul Basit, Director, Baqai Institute of Diabetology &

Published 27 Nov, 2019 12:00am

Money & Banking

Silkbank signs MoU with Oman Air

Silkbank Limited, signed an agreement with Oman Air at Silkbank Head Office in Karachi where Nouman Butt (Head Alliances, Loyalty & New Initiatives, Silkbank) along with the Cards & Alliances team met Abdul Hakeem Al Habsi (Country Manager Pakistan, Oman

Published 27 Nov, 2019 12:00am

Fine arts may further strengthen Pak-China ties: Dr Chawla

Punjab University Dean Faculty of Arts and Humanities Prof Dr Iqbal Chawla has said that art has universal language and China and Pakistan could strengthen bilateral and people to people relations further through fine arts. He was addressing the inaugural

Published 27 Nov, 2019 12:00am

Energy

NJHPP may default if PPA not signed by CPPA-G

The Neelum Jhelum Hydropower Company (NJHPP) is likely to go into default after December because of the dilly-dallying attitude of Central Power Purchasing Agency Guarantee (CPPA-G) in signing power purchase agreement with NJHPP, said sources.

Published 27 Nov, 2019 12:00am

Payments to farmers by sugar mills: Punjab PA adopts unanimous resolution

The Punjab Assembly on Tuesday unanimously passed a resolution that the government should ensure payments to farmers by sugar mills. The resolution presented by PML-N Muhammad Safdar Shakir was first opposed by Minister Food Sami Ullah Chaudhry but PTI MP

Published 27 Nov, 2019 12:00am

Energy

Construction of four new lines vital for relief in winter: SSGC

SSGC being a prudent gas utility company is doing its best to facilitate natural gas customers in its franchise areas of Sindh and Balochistan, especially during the winter season.

Published 27 Nov, 2019 12:00am

Karandaaz, ADB Institute organise Pakistan Innovative Finance Forum

Karandaaz Pakistan, in partnership with The ADB Institute (ADBI) and the Resident Mission of Asian Development Bank (ADB), has organized the Pakistan Innovative Finance Forum in Islamabad.

Published 27 Nov, 2019 12:00am

Government to ensure quality in development projects: CM

Punjab Chief Minister Sardar Usman Buzdar has vowed to make no compromise on quality of development projects. The CM said in a statement that all projects will be completed within stipulated time and affirmed that no one will be allowed to hinder the prog

Published 27 Nov, 2019 12:00am

IT & Computers

'AI can equip children with skills required in 21st century'

Artificial Intelligence (AI) can boost education efficiency and equip children with skills required in the 21st century, said Jibran Jamshad, Microsoft Country Education Lead for Pakistan.

Published 27 Nov, 2019 12:00am

Business & Economy

Chinese team, CM discuss CPEC-related projects

Terming the CPEC project as a game-changer initiative for Pakistan, the Punjab Chief Minister Sardar Usman Buzdar on Tuesday said this initiative has written a new history of economic cooperation between the two countries.

Published 27 Nov, 2019 12:00am

Taxes

PTBA for extending return filing date till December 31

The Pakistan Tax Bar Association has urged Chairman Federal Board of Revenue (FBR) to extend date of filing of income tax return of individuals, salaried individual & AOPs for the year 2019 be up to 31st December, 2019, in order to facilitate the genuine

Published 27 Nov, 2019 12:00am

Articles

Partly Facetious : Give Naya Pakistan some more time

"The government filed a petition staying the expected judgment on the Musharraf treason case on the 28 of this month..."

Published 27 Nov, 2019 12:00am

Money & Banking

EAD signs five financing agreements with World Bank

The Economic Affairs Division (EAD) signed five financing agreements worth $787 million with the World Bank on Tuesday for projects related to urban mobility, urban management and service delivery, improved water and sewerage services, and tourism and pow

Published 27 Nov, 2019 12:00am

Taxes

Federal Revenue Authority (FRA) Act draft has nothing to do with the government: Shabbar Zaidi

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Tuesday a draft being circulated as Federal Revenue Authority (FRA) Act, 2019 has nothing to do with the government.

Updated 27 Nov, 2019 10:28am

Brief Recordings

Fauji Cement Company Limited (FCCL)

Fauji Cement Company Limited (PSX: FCCL) is a publicly listed company with the plant located in Jhang Bahtar District Attock supplying primarily to domestic markets in the north as well as exporting to certain markets. The company operates two cement line

Updated 27 Nov, 2019 06:49am

Hariri steps aside

Lebanon's outgoing prime minister said Tuesday he will not head the next government, in a move intended to speed up the formation of a new cabinet in the protest-swept country.

Published 27 Nov, 2019 12:00am

13 French soldiers killed in Mali helicopter collision

Thirteen French soldiers were killed in Mali when two helicopters collided during an operation against jihadists in the country's restive north, officials said Tuesday, the heaviest single loss for the French military in nearly four decades.

Published 27 Nov, 2019 12:00am

Thousands of Palestinians protest US move on Israeli settlements

Palestinians burned effigies of US President Donald Trump, Secretary of State Mike Pompeo and Israeli premier Benjamin Netanyahu Tuesday, as thousands protested against a shift in US policy on Israeli settlements.

Published 27 Nov, 2019 12:00am

Soviet woman spy who helped foil attack on Allied leaders dies

Goar Vartanyan, one half of a legendary Soviet spy couple who helped prevent a Nazi assassination of allied leaders in Tehran in 1943, has died at age 93.

Published 27 Nov, 2019 12:00am

Sudan cabinet scraps law abusing women's rights

Sudan's cabinet Tuesday scrapped a controversial law that severely curtailed women's rights during the 30-year tenure of deposed autocrat Omar al-Bashir, state media reported.

Published 27 Nov, 2019 12:00am

17 killed by car bomb in Turkey controlled region of Syria

A car bomb killed at least 17 people and wounded 20 others in the Turkish-controlled region of northern Syria on Tuesday, Turkey's defence ministry said.

Published 27 Nov, 2019 12:00am

Expanded UN geographical trademarks to take effect

An international system that broadens protections for brands which identify their products based on geographical origin, like Scotch whiskey or Tequila, will come into force after the EU signed on, the UN said Tuesday. The Geneva Act, part of the Lisbon A

Published 27 Nov, 2019 12:00am

Six dead in 3 blasts in Baghdad

Six people were killed in near-simultaneous explosions across various Baghdad neighbourhoods late Tuesday, medics and a security source said, amid deadly anti-government protests in Iraq's capital and its restive south.

Published 27 Nov, 2019 12:00am

Two dead as bloody protests hit Iraq cities

Two protesters were killed Tuesday as anti-government demonstrations took a more violent turn in Iraq's capital and restive south, where burning tyres blocked highways and thick black smoke blanketed cities.

Published 27 Nov, 2019 12:00am

20 dead, hundreds hurt in Albania earthquake

Albanian rescuers scoured rubble into the night on Tuesday in search of survivors trapped in buildings toppled by the strongest earthquake in decades, with at least 20 lives lost and hundreds of people injured.

Published 27 Nov, 2019 12:00am

'Armed men' hijack Papua New Guinea plane, steal baggage

A charter airline in Papua New Guinea said armed men hijacked one of its planes Tuesday and forced the pilot to fly to a remote unused airstrip before they made off with the cargo.

Published 27 Nov, 2019 12:00am

Trump lukewarm on Hong Kong as trade talks enter 'final' stage

President Donald Trump offered lukewarm support to Hong Kong pro-democracy protesters Tuesday, saying he trusts President Xi Jinping to resolve the crisis, as US-Chinese trade talks enter their "final throes."

Published 27 Nov, 2019 12:00am

Slash emissions now or face climate disaster, UN warns

The world will miss its chance to avert climate disaster without an immediate and all-but-impossible fall in fossil fuel emissions, the UN said Tuesday in its annual assessment on greenhouse gases.

Published 27 Nov, 2019 12:00am

Commodities

CBOT wheat climbs to one month high

Chicago Board of Trade wheat futures rose about 3% on Monday, with the spot December contract reaching its highest level in a month on a mix of short-covering and support from firming US and global cash prices, traders said.

Published 27 Nov, 2019 12:00am

Commodities

CBOT soyabean futures fall to two-month low

Chicago Board of Trade soyabean futures ended lower on Monday as uncertainty about US trade talks with top global soya buyer China and improving South American crop weather overshadowed strong weekly US export inspections, traders said.

Published 27 Nov, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,300.

Published 27 Nov, 2019 12:00am

Commodities

Paris wheat hits 4-week high on Chicago rally

Euronext wheat futures climbed on Monday to their highest in almost four weeks, tracking a rally in Chicago as weather risks to the northern hemisphere sowing season stirred markets.

Published 27 Nov, 2019 12:00am

Energy

US natural gas futures fall for less cold weather

US natural gas futures fell over 5% on Monday on forecasts for the weather to moderate during the second week of December even though temperatures were expected to be a little colder than previously expected during the next two weeks.

Published 27 Nov, 2019 12:00am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 89,005 tonnes of cargo comprising 36,527 tonnes of import cargo and 52,478 tonnes of export cargo including 1,940 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 27 Nov, 2019 12:00am

Cotton & Textile

Trade activity rises on cotton market

Trade activity improved on the cotton market on Tuesday, dealers said.

Published 27 Nov, 2019 12:00am

Commodities

Russian wheat prices up with higher demand

Russian wheat prices recorded a second consecutive weekly rise last week amid higher export demand and lower domestic supply caused by concerns about the 2020 crop in Russia and Ukraine, analysts said on Monday.

Published 27 Nov, 2019 12:00am

Money & Banking

Yen, yuan up in Asian trade

A telephone call between top US and Chinese trade negotiators lifted the dollar to a two-week high against the yen while China's yuan edged up on Tuesday, due to optimism that the two sides will soon agree an interim deal to halt their trade war.

Published 27 Nov, 2019 12:00am

Money & Banking

Dollar gives back gains in European trade

The US dollar gave up earlier gains as some of the optimism over a US-China trade agreement faded on Tuesday.

Published 27 Nov, 2019 12:00am

Money & Banking

Early trade in New York: Dollar little changed against basket of currencies

The US dollar was little changed against a basket of currencies on Tuesday as traders looked to the latest developments in the US-China trade talks for direction and the shortened holiday week kept currency moves muted.

Published 27 Nov, 2019 12:00am

Money & Banking

Dollar up against yen, pound rises in New York

Positive news on the China-US trade front helped boost risk sentiment on Monday, lifting the US dollar to a one-week high against the safe-haven yen, while the British pound rose as UK election polls over the weekend continued to show a sizeable lead for

Published 27 Nov, 2019 12:00am

Money & Banking

Aussie, kiwi down

The Australian dollar stayed on the defensive on Tuesday as investors weighed the risk of further policy easing, including unconventional stimulus steps, while the New Zealand dollar drew support from upbeat local data.

Published 27 Nov, 2019 12:00am

Money & Banking

Asian units 'uninspired' by trade deal optimism

Emerging Asian currencies took less heart than the dollar from signs of progress in US-China negotiations for a preliminary deal to end a prolonged trade war, as investors refused to get carried away without more detail on the content of talks.

Published 27 Nov, 2019 12:00am

Money & Banking

Sterling slips against dollar, euro

Sterling fell on Tuesday after a second opinion poll showed the Conservative Party's lead is narrowing before the British election next month.

Published 27 Nov, 2019 12:00am

Money & Banking

Brazil real hits record low, central bank intervenes

Brazil's central bank intervened in the foreign exchange marketon Tuesday to ease selling pressure on the real, which had slumpe d to a record low following comments from Economy Minister Paulo Guedes that he was not worried about the currency's weakness.

Published 27 Nov, 2019 12:00am

Other

Two matches decided in Hamdan Polo Cup

Platinum Homes/Olympia and Samba Bank registered contrastive victories on the opening day of the Hamdan Polo Cup for Lahore Open Polo Championship 2019 here at Lahore Polo Club ground on Tuesday.

Published 27 Nov, 2019 12:00am

Cricket

West Indies not daunted by Afghanistan ahead of one-off Test

Afghanistan will be a tough opponent but the West Indies hope to capitalise on their lack of experience at the Test match level, coach Phil Simmons said Tuesday as they prepared to meet for a one-off Test match.

Published 27 Nov, 2019 12:00am

Cricket

Hasnain, Shehzad shine in PCB-Pepsi U-16 Tournament

Mohammad Hasnain Sabir took four wickets for 78, as Central Punjab were dismissed for 198 against Northern on second day of the first round of the PCB-Pepsi National U-16 Three-Day Tournament match on Tuesday.

Published 27 Nov, 2019 12:00am

Cricket

Smith to be more disciplined against Yasir

Australia batsman Steve Smith says he is determined not to be dismissed again by Pakistan spinner Yasir Shah when the teams meet in the second test at Adelaide starting on Friday.

Published 27 Nov, 2019 12:00am

Football

World's top 20 players caused 505 tonnes of CO2 emissions

Air travel by the top 20 footballers nominated for the 2019 Ballon d'Or was responsible for producing 505 tonnes of carbon dioxide (CO2) emissions this year alone, according to a climate change researcher.

Published 27 Nov, 2019 12:00am

Hockey

PHF in talks with German, Malaysian boards for hockey series

Pakistan Hockey Federation (PHF) is in talks with German and Malaysian hockey boards for their team's tour to Pakistan, it has been learnt.

Published 27 Nov, 2019 12:00am

Other

Call for four-year sports ban over doping shocks Russia

Russia's anti-doping chief said Tuesday he expected the country to be barred from all sporting competition for four years, after a bombshell recommendation from the World Anti-Doping Agency that shocked Russia.

Published 27 Nov, 2019 12:00am

Other

Murray reveals emotional impact of Dunblane Massacre

Former world tennis number one Andy Murray reveals for the first time in a new documentary that he suffered from breathing problems and anxiety following the Dunblane School massacre. The 32-year-old and his older brother Jamie were pupils at the school i

Published 27 Nov, 2019 12:00am

Football

Euro 2020 excluded from proposed WADA ban on Russia

The Euro 2020 football tournament is excluded from the ban on Russia recommended by the World Anti-Doping Agency (WADA) after it accused Moscow of falsifying laboratory data handed over to investigators, a source said on Tuesday.

Published 27 Nov, 2019 12:00am

Cricket

South Africa franchise boss defends 'sensitive' Gayle

The chief executive of the Jozi Stars franchise in South Africa rode to the defence of underfire Chris Gayle on Tuesday, describing the West Indian batsman as "sensitive".

Published 27 Nov, 2019 12:00am

Global Business Economy

Caterer Compass says will axe up to 4,000 jobs

Catering giant Compass on Tuesday said it planned to cut up to 4,000 jobs owing to a deteriorating European outlook and as it warned over Brexit's impact.

Published 27 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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