News Archives for Print - 2019-11-28

Print - 2019-11-28

Johnson accused of plotting 'toxic' deal with Trump

Britain's main opposition Labour party on Wednesday accused Prime Minister Boris Johnson of plotting a "toxic" deal with President Donald Trump to allow US pharmaceutical companies access to the state health service.

Published 28 Nov, 2019 12:00am

Sell-off target revised upward to Rs300bn

The Ministry of Finance has revised upward the target of privatization proceeds to Rs 300 billion, while bidding process for privatization of two RLNG-based power plants and Pakistan Steel Mills (PSM) will be completed in the third quarter of current fina

Published 28 Nov, 2019 12:00am

Stocks

PSX out of red: BRIndex100 ekes out gains

Pakistan Stock Exchange (PSX) Wednesday partially recovered, weighed mainly by institutional interest.

Updated 28 Nov, 2019 07:39am

FED in ST mode: Edible oil, steel sectors must follow Sections 8B and 23 of ST Act: FBR

The Federal Board of Revenue (FBR) has made it mandatory for two major sectors, ie, edible oil, vegetable ghee/cooking oil and steel/billet manufacturers, paying Federal Excise Duty (FED) in sales tax mode, to follow tax invoices/adjustment of sales tax p

Published 28 Nov, 2019 12:00am

FED target: Achieving 61.2pc growth to be a herculean task: FBR

The Federal Board or Revenue has termed growth of 61.2 percent to meet the revenue collection target of Federal Excise Duty (FED) during 2019-20 as a herculean task for the tax machinery.

Published 28 Nov, 2019 12:00am

Sales tax refunds: Supplementary grant approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved supplementary grant of Rs 30 billion for clearance of sales tax refunds of exporters by the Federal Board of revenue (FBR).

Published 28 Nov, 2019 12:00am

Musharraf granted interim relief

In an interim relief to the former military strongman Gen Pervez Musharraf (retd), the Islamabad High Court (IHC) on Wednesday stopped the Special Court from announcing its verdict against him in a long-drawn-out high treason case.

Published 28 Nov, 2019 12:00am

PM, COAS discuss situation

A meeting presided over by Prime Minister Imran Khan over situation arising out of objections raised by the Supreme Court on re-appointment/extension of the Army Chief General Qamar Javed Bajwa has finalized a new draft proposal after addressing all objec

Published 28 Nov, 2019 12:00am

Real cliffhanger: Government given one day to sort out army chief's 're-appointment' issue

The Supreme Court on Wednesday granted one day to the federal government to sort out the Chief of Army Staff's (COAS's) re-appointment issue strictly in accordance with Constitution and law.

Published 28 Nov, 2019 12:00am

US House Judiciary panel invites: Trump to Dec 4 impeachment hearing

The US House of Representatives Judiciary Committee on Tuesday invited President Donald Trump to its first impeachment hearing, scheduled for Dec. 4, starting a new phase of the inquiry that could lead to formal charges against the president within weeks.

Published 28 Nov, 2019 12:00am

Workers' remittances: Incentive package presented to PM

Prime Minister Imran Khan has said that overseas Pakistanis are assets and foreign remittances received from them are a milestone in national economy.

Published 28 Nov, 2019 12:00am

EU will not replace NATO, says new Brussels chief

The new EU chief insisted Wednesday the bloc would not replace NATO as guarantor of European security as the backlash to French President Emmanuel Macron's criticism of the alliance rumbles on.

Published 28 Nov, 2019 12:00am

Iran FM meets senior Taliban official in Tehran

Iranian Foreign Minister Mohammad Javad Zarif held talks in Tehran with a Taliban delegation led by Mullah Abdul Ghani Baradar, one of the group's founders, the official IRNA news agency reported on Wednesday.

Published 28 Nov, 2019 12:00am

Counsel seeks dismissal of reference against judge

The Presidential Reference against Justice Qazi Faez Isa is made on unconstitutional and illegal investigation for the collection of material; therefore, it must be dismissed on the admitted facts by the federal government.

Published 28 Nov, 2019 12:00am

NA panel told: NJHPC not paid Rs60bn for power units sold to CPPA

The chief executive of Neelum-Jhelum Hydropower Company has informed the National Assembly Standing Committee on Planning, Development and Reforms that the company has sold 6.16 billion units of electricity at an estimated cost of Rs 60 billion to Central

Published 28 Nov, 2019 12:00am

ECP launches its 3rd 'strategic plan'

Days before the retirement of Chief Election Commissioner Justice Sardar Muhammad Raza (retd) on December 6, Election Commission of Pakistan (ECP) Wednesday launched its 3rd Strategic Plan (2019-23) which strives to "deliver inclusive and credible electi

Published 28 Nov, 2019 12:00am

Letters

'What constitutes a responsible government?'

This is apropos a Business Recorder op-ed "What constitutes a responsible government?" carried by the newspaper yesterday. The publication of a write-up on this subject has, in a way, brought under the spotlight the army chief's tenure extension is

Updated 28 Nov, 2019 11:05am

Articles

Blood Money

Some professions are directly linked to injury, or early death. In the late 1960s a family friend was a squadron leader in the Pakistan Air Force. He used to fly surveillance missions in the Northern Areas - where the Himalayas and the Hindu Kush meet. Th

Updated 28 Nov, 2019 11:25am

Articles

Pakistan capital market reforms: The road ahead - I

With the Pakistan stock market rebounding over the last several weeks there is a sense of euphoria amongst market participants. And rightly so, as the long doldrums in the market appears to be over and improved macroeconomic fundamentals get factored into

Updated 28 Nov, 2019 11:20am

Articles

There is room at the top

We have no idea what the Maulana came to Islamabad for and what he went back with. No dearth of theories there, but none that are granulated with good evidence or credible accounts.

Updated 28 Nov, 2019 11:18am

Violence against women

In her statement marking the International Day for Elimination of Violence Against Women, UN Women Executive Director Phumzile Mlambo-Ngcuka called for a global effort to end physical, sexual and psychological violence. If she could have one wish, she sai

Updated 28 Nov, 2019 06:14am

Still a long way to go

Adviser to the Prime Minister on Finance Dr Hafeez Sheikh while speaking at Pakistan Innovative Finance Forum organised by Asian Development Bank and Karandaaz stated that the government inherited a threatening economic situation and had to take tough dec

Updated 28 Nov, 2019 06:18am

Energy

Reon Energy celebrates 10MW solar project's completion

Reon Energy Limited celebrates the completion of the 10MW captive solar power project for Eni, through its subsidiary Eni New Energy Pakistan, at Bhit, Sindh. The solar photovoltaic plant will free up the gas used in self-generation whilst optimizing oper

Updated 28 Nov, 2019 07:51am

Business & Economy

Drug-free Karachi: business community assures Sindh government of full support

"We, being the premier chamber of the country, are ready to assist the Sindh government in whatever way we can to save our generations from becoming the drug addicts and will be happy to help out towards making Karachi a drug-free city," said Chairman Bus

Published 28 Nov, 2019 12:00am

Business & Economy

FPCCI voices concern over declining private sector credit

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has expressed his serious concern over the declining of private sector credit by Rs 4.1 billion in the first four months of current fiscal year.

Published 28 Nov, 2019 12:00am

Business & Economy

Export policy to be submitted to government within two weeks: TDAP chief

Chief Executive of Trade Development Authority of Pakistan (TDAP), Arif Ahmed Khan has said that a comprehensive export policy would be submitted to the government within two weeks for its consideration.

Published 28 Nov, 2019 12:00am

Money & Banking

JS Bank joins hands with TPL Life

JS Bank and TPL Life have joined hands to offer international health care coverage to JS Bank's customers through Globe well backed by AXA. The partnership has further built JS Bank's standing as a leading distributor of insurance & wealth management solu

Updated 28 Nov, 2019 07:46am

Business & Economy

Banks urged to lend a helping hand to SMEs

Analyst Ateeq Ur Rehman has said it is encouraging to note that the government has decided to enhance private sector credit for Small and Medium Enterprises (SMEs), ie, from 7.5 percent to 17 percent by 2023 and borrowers from Rs200, 000 to Rs300,000. Com

Published 28 Nov, 2019 12:00am

Money & Banking

Repatriation of profit, dividend posts 10 percent growth

Repatriation of profit and dividend has posted some 10 percent growth during the first four months of this fiscal year (FY20) supported by higher margins on foreign direct investment.

Updated 28 Nov, 2019 07:53am

Waseem seeks Ismail's help in arranging fire tenders for Karachi

Karachi Mayor Wasim Akhtar Tuesday urged Sindh Governor Imran Ismail to take personal interest in ensuring the federal-funded fire tenders for Karachi at the earliest. "A year has passed after release of amount from federal government for purchase of fire

Published 28 Nov, 2019 12:00am

Sindh PA condemns desecration of Holy Quran in Norway

The Sindh Assembly on Wednesday adopt a condemnation resolution against torching of Holy Quran in Norway, as lawmakers asked the nation to boycott the Norwegian products and services in response to profanity against Islam.

Published 28 Nov, 2019 12:00am

Illegal appointments case: SHC reserves judgement in bail pleas of Rauf, others

Sindh High Court (SHC) Wednesday reserved the judgment in the bail pleas of Rauf Siddiqui, former Sindh Minister and others in illegal appointments in Sindh Small Industries case.

Published 28 Nov, 2019 12:00am

Business & Economy

Sindh's debt may soar to Rs 409 billion by end of current FY

The total debt of Sindh has been projected to surge to Rs409 billion and Rs426 billion by the end of this financial year and during the next fiscal respectively. The total debt of Sindh presently stands around Rs356 billion by showing upward trend compare

Published 28 Nov, 2019 12:00am

Energy

Power company approaches minister for release of payment

M/s Nishat Chunian Power Limited (NPCL) has approached the Minister for Power, Omar Ayub Khan for prompt release of payment to resolve liquidity crisis which the company is facing due to "delayed" payments by CPPA-G of "undisputed" receivables.

Updated 28 Nov, 2019 07:51am

Services of 200 LGH employees regularised

As per policy of the Punjab government, services of 200 contract employees of BS-1 to 15 in the Lahore General Hospital (LGH) have been regularized.

Published 28 Nov, 2019 12:00am

Business & Economy

Export-led growth to ensure economic stability: LCCI

Only export-led growth can steer Pakistan to the economic stability and help to emerge as one of the leading economies of South Asia. Those factors should be rooted-out which are hampering the exports related sectors.

Published 28 Nov, 2019 12:00am

Business & Economy

Kazakhstan keen to promote bilateral trade: envoy

The Ambassador of Kazakhstan to Pakistan Akan Rakhmetullin visited Sialkot on Wednesday to witness the unique export culture and craftsmanship of this export hub. The purpose of the visit was to find out the ways and means for accelerating the pace of two

Published 28 Nov, 2019 12:00am

UVAS organises symposium on 'Bovine Udder Health'

The Department of Clinical Medicine & Surgery of the University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with Punjab Agriculture Research Board (PARB) organised a one-day "Bovine Udder Health Symposium" with the theme of "Healthy U

Published 28 Nov, 2019 12:00am

Languages can serve as instrument of national harmony: speakers

Language should serve more as a unifying rather than dividing factor, we should promote linguistic culture that boosts receptive multi-lingualism guided by an ethos of mutual language-intelligibility aimed at increased national unity in Pakistan. We are p

Published 28 Nov, 2019 12:00am

Business & Economy

Punjab Small Industrial Estate Policy-2020 approved

Punjab Small Industries Corporation Board in its meeting on Wednesday approved the Punjab Small Industrial Estate Policy-2020, reorganization plan of Punjab Small Industries Corporation and establishment of small industrial estate comprising on 50 acre la

Published 28 Nov, 2019 12:00am

IT & Computers

Six tech winners to compete in Huawei ICT competition's regional final

The Pakistani tech talents will represent the nation in Huawei Information and Communications Technology (ICT) Competition regional final; six winners of the Pakistan edition of the Huawei Middle East ICT Competition 2019 will travel to China to compete a

Published 28 Nov, 2019 12:00am

Punjab Assembly passes various bills with majority

The Punjab Assembly on Wednesday passed The Punjab Sentencing Bill 2019 with majority.

Published 28 Nov, 2019 12:00am

German envoy calls on UAF vice chancellor

German ambassador to Pakistan Bernhard Schlagheck on Wednesday said that Pakistan and Germany ties in academy, research and agriculture sector would be further fostered to get benefit from each other experiences.

Published 28 Nov, 2019 12:00am

Queen Maxima spends eventful day in Lahore

United Nations Secretary General's Special Advocate (UNSGSA) for Inclusive Finance for Development, Queen Maxima of the Netherlands visited Bykea, a Pakistani company providing mobile application based services for transportation, logistics and cash on de

Published 28 Nov, 2019 12:00am

Alvi terms Pakistan, African region 'emerging economies'

President Dr Arif Alvi Wednesday said that both Pakistan and African region are emerging economies and the two have tremendous opportunities for each other to enhance cooperation in various areas including education, health, trade, tourism, defense and cl

Published 28 Nov, 2019 12:00am

Business & Economy

Infrastructure sector: Government to fill financing gaps through PPP: Asad Umar

Federal Minister for Planning and Special Initiatives Asad Umar has said that there is a need to encourage the private sector to come forward and participate in infrastructure development which is a priority of the Pakistan Tehreek-e-Insaf (PTI) governmen

Published 28 Nov, 2019 12:00am

Speakers for having constructive international partnerships in S&T

Speakers at a seminar on Wednesday emphasized the need for building constructive international partnerships in science and technology to deal effectively with trans-boundary challenges pertaining to climate change, energy, water, poverty reduction, health

Published 28 Nov, 2019 12:00am

Assets beyond means: statement of NAB's officer recorded in Dar case

The Accountability Court hearing the assets beyond means case against former finance minister Ishaq Dar on Wednesday recorded the statement of investigation officer of National Accountability Bureau (NAB).

Published 28 Nov, 2019 12:00am

Business & Economy

NHA board suggests two flyovers over level crossings to Ecnec

The National Highway Authority (NHA) Executive Board has recommended the PC-1 for construction of Lodhran-Multan Section (North Bound 62km) of N-5 and construction of two flyovers at the railways crossing on Lodhran Bypass at a cost of Rs 13.002 billion f

Published 28 Nov, 2019 12:00am

Thari woman honoured with Mai Bakhtwar Award

A Thari woman dump truck driver and two others have been awarded the prestigious "Mai Bakhtwar Award" by The Sindh Commission on the Status of Women (SCSW), Government of Sindh.

Published 28 Nov, 2019 12:00am

Gerry's Dnata awarded for 'Best Cargo Handling Operation'

Gerry's Dnata, the leading ground services provider in Pakistan, has been awarded for the 'Best Cargo Handling Operation' at the 2019 Pride of Ground Handling Awards. The prestigious award was accepted by Syed Haris Raza, Vice President of Gerry's Dnata,

Published 28 Nov, 2019 12:00am

Government urged to present solid case at Climate Change Conference

The speakers at a seminar on Tuesday called upon the government to play a leading role in the climate change negotiations and present a solid case for its adaptation and mitigation needs at the upcoming Climate Change Conference (COP25).

Published 28 Nov, 2019 12:00am

Parliament, judiciary and armed forces should work within their domain: Bilawal

Two different delegations of the Supreme Court Bar Association and removed local government representatives from Lahore, Faisalabad, Bahawalpur, Multan and Rawalpindi called on Chairman Pakistan People's Party Bilawal Bhutto-Zardari at Zardari House Islam

Published 28 Nov, 2019 12:00am

PNQAHE signs MoU with Hazara University

The MoU signing ceremony for organizing and hosting the 3rd international conference on Quality Assurance was held at PNQAHE secretariat at Khyber Medical University (KMU), Peshawar on Wednesday. The said MoU signed between the Pakistan Network of Quality

Published 28 Nov, 2019 12:00am

NA body forms committee to deal with children-related legislation

The National Assembly's Standing Committee on Law and Justice on Wednesday formed a four-member committee to deal with legislation related to children and directed it to present its report before the committee within 30 days.

Published 28 Nov, 2019 12:00am

Taxes

Track and trace system licence: IHC issues notice to FBR for submission of report

Islamabad High Court (IHC) has issued notice to the Federal Board of Revenue (FBR) to file report on the grant of license of track and trace system for tobacco products to the M/s Radio & Telecommunication Corporation (NRTC).

Updated 28 Nov, 2019 07:51am

Daraz to plant 11,000 trees in Karachi

Daraz, the leading online marketplace in Pakistan, is spearheading a plantation drive in Karachi and aims to plant 11,000 trees across the metropolis to help counter the effects of climate change in Sindh. Joining hands with United Nations Association of

Published 28 Nov, 2019 12:00am

Taxes

Customs value of skimmed milk, instant milk powders revised

Directorate General of Customs Valuation (DGCV) has revised the customs value of skimmed milk powder and instant milk powder under section 25 (7) of the Customs Act, 1969

Updated 28 Nov, 2019 07:45am

CAIE May/June 2019: Pakistan bags highest number of Cambridge Learner Awards in CAIE

The Millennium Education, Pakistan has bagged the highest number of Cambridge Learner Awards and High Achievers in Cambridge Assessment International Examination-CAIE May/June 2019.

Published 28 Nov, 2019 12:00am

Stocks

Money laundering, terror financing: SECP & UNODC organise workshops

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with United Nations Office on Drugs and Crime (UNODC), conducted series of workshops for SECP regulated financial institutions to enhance understanding of the risk-based approach

Updated 28 Nov, 2019 07:51am

Business & Economy

Cost of ML-1 project may exceed $8bn, PAC panel told

The cost of Main Railway Line (ML-1) project under China-Pakistan Economic Corridor (CPEC) is likely to cross $ 8 billion and if the project is not started within next three months, it will have serious implications for Pakistan Railways.

Published 28 Nov, 2019 12:00am

Business & Economy

Karandaaz supports micro, small, medium enterprise sector

CEO Karandaaz Ali Sarfraz has said that Karandaaz aims to catalyze the financial services industry towards greater financial inclusion by employing cutting-edge innovations and digital solutions for social impact.

Published 28 Nov, 2019 12:00am

Mufti Kifayat injured in assassination attempt in Mansehra

Jamiat Ulema-e-Islam's (JUI-F) leader Mufti Kifayatullah along with his son and two other people were wounded in an assassination attempt near Mansehra Interchange in the wee hours of Wednesday.

Published 28 Nov, 2019 12:00am

MoU signed to bridge gap between real estate industry, academia

Taking a step to bridge the existing gap between the real estate industry and academia, Graana Group of Companies in collaboration with Iqbal Institute of Policy Studies (IIPS) and National University of Sciences and Technology (NUST) Wednesday signed a M

Published 28 Nov, 2019 12:00am

Punjab notifies rates: Sindh, KP governments may be asked to fix sugar price at Rs70/kg

The Ministry of Industries and Production (MoI&P) is likely to write letters to governments of Sindh and Khyber Pakhtunkhwa to set price of sugar at Rs 70/kg as has been notified by the Punjab government.

Published 28 Nov, 2019 12:00am

Ehsaas Programme: PM for ensuring 100pc coverage of deserving people

Prime Minister Imran Khan has directed that Poverty Survey should ensure 100 percent coverage of deserving population in coordination with local governments and local administration so that no deserving person is left out of the Ehsaas Programme.

Published 28 Nov, 2019 12:00am

NUST retains No 1 position among Pakistani HEI for third year in a row

Maintaining its upward trajectory among Asian universities, the National University of Sciences & Technology (NUST) has retained its No 1 position among Pakistani Higher Education Institutions for the third year on the trot, as per QS Asia University Rank

Published 28 Nov, 2019 12:00am

Articles

Partly Facetious ; It always depends on the job

"So what do you think?"

Updated 28 Nov, 2019 11:15am

Business & Economy

AIDC to discuss national electric vehicle policy with Razak tomorrow

The Auto Industry Development Committee (AIDC) is to meet on Friday (tomorrow) with Advisor to Prime Minister on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood to discuss National Electric Vehicle Policy and Automotive Ind

Published 28 Nov, 2019 12:00am

Int'l moot on digitalisation begins today

Badar Expo Solutions (BXSS) & Baig Group are holding one-day international conference on digitalisation that provides digital solutions for Business Environment on Thursday 28th November 2019 at Hall 6, Expo Centre Karachi. Eminent speakers and panellists

Published 28 Nov, 2019 12:00am

Brief Recordings

Shezan International Limited

Shezan International Limited, established in 1964, is a public limited company. It has a wide variety of products under its belt which it sells in both, the local as well as the international market. Some of its product offerings include beverages, squash

Updated 30 Nov, 2019 08:37am

731 banks, 140 government sites burned: Iran says 200,000 took part in anti-govt demos

Iran gave a glimpse on Wednesday into the scale of what may have been the biggest anti-government protests in the 40 year history of the Islamic Republic, with officials saying 200,000 people had taken part and a lawmaker saying 7,000 were arrested.

Updated 28 Nov, 2019 07:29am

Watchdog bans UK attack poison in historic first

The world's chemical weapons watchdog on Wednesday agreed to ban Soviet-era Novichoks, the type of nerve agents used in the attempt to kill a Russian ex-spy in the English city of Salisbury.

Published 28 Nov, 2019 12:00am

Equality beyond reach for many women and girls in Asia-Pacific

Over 500 Ministers, senior policymakers, UN officials, civil society, youth and private sector representatives from across Asia and the Pacific region today gathered in Bangkok to chart out priority actions to support accelerated progress on gender equali

Published 28 Nov, 2019 12:00am

China slams 'selfish' US Middle East policies

China on Wednesday denounced US policies in the Middle East as "selfish", as it blamed Washington for destabilising the fraught region where Beijing has stepped up investment in recent years.

Published 28 Nov, 2019 12:00am

Australian broadcaster and writer Clive James dies

Clive James, the Australian broadcaster, writer, critic and poet who charmed generations of Britons with his humour and wit, has died at the age of 80, his agents said Wednesday.

Updated 28 Nov, 2019 06:51am

Three injured in blast at Texas chemical plant

Three people were injured in an explosion at a chemical plant in Texas on Wednesday which sent a huge fireball into the sky and triggered a mandatory evacuation, officials and witnesses said.

Updated 28 Nov, 2019 06:27am

Tanzania vote irregular, lacked credibility

The US and Britain on Wednesday expressed concern over elections in Tanzania where strongman President John Magufuli's party won 99 percent of seats, saying the vote lacked credibility.

Updated 28 Nov, 2019 06:51am

Scientists spot black hole so huge it 'shouldn't even exist' in our galaxy

Astronomers have discovered a black hole in the Milky Way so huge that it challenges existing models of how stars evolve, researchers said Thursday.

Updated 28 Nov, 2019 07:09am

China overtakes US in number of diplomatic missions

For the first time, China has more diplomatic missions around the world than the United States, according to a study published Wednesday that offered fresh evidence of Beijing's global ambitions.

Updated 28 Nov, 2019 06:51am

Commodities

CBOT corn futures lower on technical selling

Chicago Board of Trade corn futures closed lower on Tuesday in rangebound trade, pressured by technical selling and spillover weakness from soybeans, traders said. CBOT December corn settled down 3 cents at $3.67-1/2 per bushel and most-active March ended

Published 28 Nov, 2019 12:00am

Commodities

CBOT soyabean hits two-month low

Chicago Board of Trade soyabean futures closed lower on Tuesday, with the January contract hitting its lowest since mid-September on technical selling and export competition from South American suppliers, traders said. CBOT January soyabeans settled down

Published 28 Nov, 2019 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,303. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.719 billion and the numbers of lots traded was 8,813.

Published 28 Nov, 2019 12:00am

Commodities

European wheat futures at four-week high

European wheat futures in Paris remained firm on Tuesday, hitting a four-week high in late trade, as the previous day's price strength continued. March milling wheat, the most active contract on Paris-based Euronext, unofficially closed up 0.75 euro or 0.

Published 28 Nov, 2019 12:00am

Commodities

CBOT wheat futures lower after one month high

Chicago Board of Trade wheat futures closed lower on Tuesday on technical selling and profit-taking a day after the benchmark March contract set one month high, traders said. CBOT December soft red winter wheat settled down 3/4 cent at $5.30-1/4 per bushe

Published 28 Nov, 2019 12:00am

Energy

US natural gas futures fall to lowest in a month

US natural gas futures fell for a second day in a row on Tuesday to their lowest in almost a month on forecasts for less cold weather and heating demand over the next two weeks than previously expected. Meteorologists currently forecast the weather over m

Updated 28 Nov, 2019 07:43am

Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 178,032 tonnes of cargo comprising 114,025 tonnes of import cargo and 64,007 tonnes of export cargo including 8,964 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 28 Nov, 2019 12:00am

Cotton & Textile

Seed cotton prices fall on moderate trade

Moderate trade was witnessed on the cotton market on Wednesday as some leading mills were on the sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 9000, they added. In ready session, 13000 bales of cotton chan

Updated 28 Nov, 2019 07:43am

Commodities

Canadian canola futures slip

ICE Canadian canola futures dipped on Tuesday for a second straight day, pressured by weak prices of rival vegetable oils. Chicago soyaoil futures slumped and Malaysian February palm oil futures fell 2%. January canola lost $2.20 to $457.20 per tonne. Jan

Published 28 Nov, 2019 12:00am

Commodities

Ivory Coast needs more rain to help cocoa conditions

Below-average rainfall mixed with sunny spells in most of Ivory Coast's cocoa regions last week has helped growing conditions, farmers said on Monday, though they warned more rain would be needed next month as temperatures rise. Ivory Coast, the world's t

Published 28 Nov, 2019 12:00am

Money & Banking

Major currencies hardly budge in Asia

Major currencies hardly budged on Wednesday as traders looked ahead to the final outcome of US-China trade talks and a shortened holiday week in the United States.

Updated 28 Nov, 2019 07:43am

Money & Banking

Dollar rises in Europe

The dollar pushed higher on Wednesday and flirted with the $1.10 level against the euro, boosted by yet more talk of a deal to resolve the US-China trade dispute, while volatility in major currencies remained severely suppressed.

Updated 28 Nov, 2019 08:02am

Money & Banking

Early trade in New York: Dollar rises after upbeat US data

The dollar rose on Wednesday helped by upbeat US data even as continued uncertainty about the outlook for a preliminary US-China trade agreement and a shortened holiday week in the United States kept currency moves muted.

Updated 28 Nov, 2019 08:01am

Money & Banking

Dollar falls broadly in New York

The US dollar was slightly lower 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.

Updated 28 Nov, 2019 08:01am

Money & Banking

Aussie unsettled

The Australian dollar looked vulnerable on Wednesday as investors rushed to price in an extra policy easing for next year after the country's central bank signalled there was more room to cut rates than previously thought.

Updated 28 Nov, 2019 08:01am

Money & Banking

Asian currencies hesitate on trade deal uncertainty

Emerging Asian currencies traded in tight ranges against the dollar on Wednesday, as investors were reluctant to make big bets on the outcome of US-China trade talks.

Updated 28 Nov, 2019 08:01am

Money & Banking

Cryptocurrency crime surges, losses hit $4.4 billion in September

Cryptocurrency theft has surged in 2019 compared with last year, with more money flowing through digital exchanges and criminals looking to carry out bigger heists, according to a report from blockchain forensics company CipherTrace obtained by Reuters.

Updated 28 Nov, 2019 08:09am

Money & Banking

Sterling recovers

Sterling was a touch firmer on Wednesday, recovering from early losses following the third poll in a row that showed a narrowing lead for the governing Conservative Party before Britain's Dec. 12 election.

Updated 28 Nov, 2019 08:01am

Stocks

DIB supports Dubai as most Gulf markets fall

Most Gulf stock markets extended the previous session's losses on Wednesday following a rebalancing of MSCI's benchmark emerging market index, but gains in Dubai Islamic Bank helped Dubai rebound.

Updated 28 Nov, 2019 07:56am

Stocks

Japan stocks surge

Japanese stocks rose for a fourth consecutive session on Wednesday on growing expectations the United States and China are nearing an agreement to scale back their bruising trade war.

Updated 28 Nov, 2019 08:01am

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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