News Archives for Print - 2019-11-29

Print - 2019-11-29

Shan Foods, Daraz.pk join hands to kick off tree plantation drive

One of the leaders in the spice industry, Shan Foods (Pvt) Ltd. kicked off their tree plantation drive today in an exclusive inaugural ceremony held at the NJW Grammar School in Korangi.

Published 29 Nov, 2019 12:00am

PRR project: WB lists high-risk factors

The World Bank has termed vested interests lobbying for tax exemptions, internal tensions and wariness of change among the Federal Board of Revenue (FBR) staff, and potential disputes affecting provinces' readiness to collaborate with the FBR as high-risk

Published 29 Nov, 2019 12:00am

Ailing Nawaz undergoes tests

Former Prime Minister Nawaz Sharif underwent a range of tests, including PET and CT scan, at London Bridge Hospital, according to his personal physician Dr Adnan Khan.

Published 29 Nov, 2019 12:00am

FY 2018-19: FBR missed collection target due to shortfall in six areas

The Federal Board of Revenue (FBR) has missed the revenue collection by Rs 321.5 billion in 2018-19 due to shortfall in six areas.

Published 29 Nov, 2019 12:00am

Legislation needing simple majority: legal team

The legal team of Pakistan Tehreek-e-Insaf on Wednesday interpreting the order of the Supreme Court said that extension in the tenure of Chief of Army Staff General Qamar Javed Bajwa would start on November 29, 2019 and it would have to be legalized by th

Published 29 Nov, 2019 12:00am

PM describes verdict as defeat of BJP govt, 'internal mafias'

Prime Minister Imran Khan Thursday termed Supreme Court's decision as a defeat of India's racist Bharatiya Janata Party (BJP) government and the 'internal mafias who want to destabilize Pakistan to protect their wealth stashed abroad.'

Published 29 Nov, 2019 12:00am

PTI's parliamentary wing takes stock of situation

After the Supreme Court granted a six-month extension to the Army Chief, the ruling Pakistan Tehreek-e-Insaf (PTI) on Thursday decided to expedite the legislation pertaining to the Army Act along with its allies to explain the tenure and extension process

Published 29 Nov, 2019 12:00am

Bajwa allowed to remain COAS for at least 6 months

The Supreme Court has granted six months extension to incumbent Chief of Army Staff General Qamar Javed Bajwa from 28th November and during this period, the Parliament shall be required to legislate to determine his tenure and other terms and conditions o

Published 29 Nov, 2019 12:00am

Stocks

Bulls rule PSX: BRIndex100 extends gains

Investor sentiment at Pakistan Stock Exchange (PSX) Thursday remained positive on expectations of resolution of the controversy regarding Chief of Army Staff (COAS) extension.

Published 29 Nov, 2019 12:00am

European parliament declares 'climate emergency'

The European Parliament voted on Thursday to declare a "climate and environment emergency" in a symbolic gesture just ahead of the latest UN global crisis summit.

Published 29 Nov, 2019 12:00am

CCP recommends steps to protect real estate investors

A three-member bench of the Competition Commission of Pakistan (CCP) Thursday declared that numerous cases have been witnessed in Pakistan's burgeoning real estate sector where investors in housing schemes have been defrauded by unscrupulous elements.

Published 29 Nov, 2019 12:00am

Wheat support price increased again

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has increased the wheat support prices for the second time during the last two weeks to Rs 1,365 per 40 kg due to increase in cost of production.

Published 29 Nov, 2019 12:00am

Gunvor places most lowest offers for Jan LNG cargoes sought by Pakistan

Commodity trader Gunvor submitted the lowest bids for four out of five liquefied natural gas (LNG) cargoes that Pakistan LNG had sought for delivery in January through a tender, a document on the Pakistani company's website showed.

Published 29 Nov, 2019 12:00am

Trump makes surprise Afghan trip, voices hope for ceasefire

President Donald Trump made a surprise Thanksgiving visit to US troops in Afghanistan on Thursday and said he believed Taliban insurgents would agree to a ceasefire in America's longest war.

Published 29 Nov, 2019 12:00am

Iraqi crackdown kills 28 protesters after Iran mission torched

Southern Iraq was in bloody upheaval Thursday after a government crackdown killed 28 protesters and thousands defied a curfew to join funeral marches, following the dramatic torching of an Iranian consulate.

Published 29 Nov, 2019 12:00am

AGPR begins Kartarpur Corridor audit

Auditor General of Pakistan Revenue (AGPR) has started audit of recently constructed Kartarpur Corridor for the Indian Sikh pilgrims, officials told the sub-committee of Public Accounts Committee on Thursday.

Published 29 Nov, 2019 12:00am

Special court decides to hear high treason case on daily basis

Special Court on Thursday decided to hear high treason case on a daily basis from December 5, and said former army chief General Pervez Musharraf (retd) can record his statement under Section 342 of Code of Criminal Procedure, 1898 before that date.

Published 29 Nov, 2019 12:00am

Rana Tanveer elected PAC chairman unanimously

The Public Accounts Committee (PAC) members Thursday unanimously elected Rana Tanveer Hussain of Pakistan Muslim League-Nawaz (PML-N) as the chairman of the committee.

Published 29 Nov, 2019 12:00am

Judges, too, accountable: SC judge

Justice Umar Ata Bandial has said that judges of superior courts enjoy the public trust and, therefore, they are also accountable.

Published 29 Nov, 2019 12:00am

US to cut spending on NATO budget, Germany to pay more

The United States is to cut its contribution to NATO's operating budget, officials said Thursday, with Germany increasing payments as the alliance tries to appease President Donald Trump ahead of a summit next week.

Published 29 Nov, 2019 12:00am

Umar for expediting work on groundbreaking of first CPEC SEZ

Federal Minister for Planning and Special Initiatives, Asad Umar has directed that groundbreaking of the first special economic zone (SEZ) under the CPEC at Faisalabad be ensured before the end of calendar year and necessary work be expedited to achieve g

Published 29 Nov, 2019 12:00am

Forex reserves up $115.4m

The country's liquid foreign exchange reserves posted an increase of $115.4 million during last week.

Published 29 Nov, 2019 12:00am

Replacement of govt reps on BOD: PD scrutinizes around 350 petroleum experts

Petroleum Division has scrutinized around 350 local and foreign petroleum experts for replacement of government representations in the board of directors (BOD) of nine public sector oil and gas companies having major shareholding of the government.

Published 29 Nov, 2019 12:00am

Letters

'Blood Money'

In his latest contribution to Business Recorder titled "Blood Money", Farooq Hassan has recalled the epic boxing fight between Muhammad Ali and Joe Frazier in a highly fascinating manner. According to him, "Ali and Joe Frazier squared off against o

Updated 29 Nov, 2019 06:13am

Articles

Los Angeles: Hollywood, palm trees and urban oil fields

For most outsiders, Los Angeles is all about Hollywood, palm trees and sunny skies.

Updated 29 Nov, 2019 05:19am

Articles

Extirpate the income tax

The tax laws in Pakistan are flawed to a certain extent. There isn't a Pakistani who leads a life devoid from paying their fair share of taxes. There is tax on each and every commodity that a consumer consumes. There is tax on a can of soda, there is a ta

Updated 29 Nov, 2019 07:19am

Articles

Challenges on judicial front

The judiciary worked tirelessly to provide justice to the people with less resources. 3,100 judges worked hard and decided 3.6 million cases in a year. Judiciary decides all the cases on merit and does not differentiate between the rich and poor-Chief Jus

Updated 29 Nov, 2019 07:17am

A landmark case

The Pakistan Tehreek-i-Insaaf (PTI) government of Prime Minister (PM) Imran Khan has just passed through a nightmare few days. Regarding the extension in tenure by three years of the COAS General Qamar Javed Bajwa notified in August 2019 by Imran Khan, th

Updated 29 Nov, 2019 06:26am

Razak's help sought

A delegation of All Pakistan Textile Mills Association (APTMA) has recently met the Prime Minister's Adviser on Commerce, Textiles, Industries and Production and apprised him of the failure of relevant institutions to implement two pro-export policy decis

Updated 29 Nov, 2019 06:26am

Composition of NSU senate: Minister advises VC to choose relevant people from industry

Federal Minister for Education and Professional Training Shafqat Mahmood has advised the vice chancellor of National Skills University (NSU) to choose the relevant people from industry for composition of senate of National Skills University (NSU) as it pl

Published 29 Nov, 2019 12:00am

NA session put off till Monday

President Dr Arif Alvi has revoked the summons of the session of National Assembly for Monday (December 2), it is learnt. According to the sources, Prime Minister Imran Khan has directed to his legal team to prepare a draft of legislation to clearly speci

Published 29 Nov, 2019 12:00am

Cotton & Textile

Aptma terms government's exchange rate policies 'realistic'

All Pakistan Textile Mills Association (APTMA) wishes to place on record its appreciation of setting of the exchange rate to its real underlying value. The devaluation has resulted in making Pakistani products competitive in the international markets. Thi

Published 29 Nov, 2019 12:00am

Purchase of land: Senate body discusses permission to foreigners

Senate Standing Committee on Law and Justice in its meeting on Thursday discussed 'The Constitution (Amendment) Bill, 2019 (insertion of Article 253A) introduced by Senator Mushtaq Ahmed regarding permission to foreigners to purchase land in any part of P

Published 29 Nov, 2019 12:00am

Transplantation of human organs: Nadra's proposal of introducing chip in CNIC discussed

The National Database and Registration Authority (NADRA) informed a parliamentary panel on Thursday that a chip can be installed in the computerized national identity card which will be indicative of the fact whether or nor the CNIC holder wants to donate

Published 29 Nov, 2019 12:00am

Fake bank accounts case: Qaimkhani, Anklesaria's judicial remand extended till December 18

The Accountability Court hearing the multibillion rupees fake bank accounts case on Thursday extended judicial remands of Liaquat Qaimkhani and Dr Dinshaw Anklesaria till December 18. Hearing the case, Accountability Court Judge Muhammad Bashir extended r

Published 29 Nov, 2019 12:00am

PM vows to combat issue of malnutrition

Prime Minister Imran Khan on Thursday said that the present government was fully committed to combating the issue of malnutrition in Pakistan. He was talking to Princess Sarah Zeid of Jordan, the World Food Programme's Special Adviser on Mother and Child

Published 29 Nov, 2019 12:00am

KP CM launches app for missing children

KP Chief Minister Mahmood Khan Thursday formally launched "Mera Bacha Alert" mobile application developed with aim to help people and concerned departments for recovery of missing children in the province. This application is a recent addition to the alre

Published 29 Nov, 2019 12:00am

NoC to Aleem's housing society: IHC directs CDA to submit report

The Islamabad High Court Thursday directed the chairman Capital Development Authority to submit report in a petition filed against CDA's permission to a private housing society of Pakistan Tehreek-e-Insaf's Aleem Khan to use land which was acquired for ro

Published 29 Nov, 2019 12:00am

Oppressed Kashmiris: AJK PM urges intelligentsia, rights activists to raise voice

Azad Jammu and Kashmir Prime Minister Raja Farooq Haider Khan Thursday appealed scholars, writers and those working for human rights to raise voice for the oppressed people of Indian Occupied Jammu and Kashmir (IOJK) struggling for their UN-acknowledged r

Published 29 Nov, 2019 12:00am

Murad reviews forthcoming CCI moot's preparations

Sindh Chief Minister Syed Murad Ali Shah presided over a preparatory meeting for the CCI meeting the prime minister has called on December 11, 2019.

Published 29 Nov, 2019 12:00am

Business & Economy

Electric vehicles to curtail import bill by $2 billion annually: adviser

Adviser to Prime Minister on climate change, Malik Amin Aslam on Thursday said that electric vehicles will initially reduce import bill by US$2 billion per annum.

Published 29 Nov, 2019 12:00am

SZABIST's students showcase marketing abilities

Students of, one of the leading business universities of Pakistan, SZABIST conducted the launching ceremony of their product which is a stain remover pen. Students name this stain remover pen as Insta Wipe.

Published 29 Nov, 2019 12:00am

Northern Arabian Sea: Pakistan, China to conduct joint maritime drill next year

Pakistan and China will conduct a joint maritime exercise in the northern Arabian Sea next year to enhance all-weather strategic partnership, Chinese Defence Ministry's Spokesperson Col Ren Guoqiang here on Thursday.

Published 29 Nov, 2019 12:00am

Record verification unit to be set up in KATI: DIGP

Deputy Inspector General Police (DIGP) East Zone, Karachi Amir Farooqui has said that the police would provide facility to industries for criminal record verification of their workers. Speaking at a meeting of industrialists at Korangi Association of Trad

Published 29 Nov, 2019 12:00am

Sindh Assembly session adjourned till Tuesday

The Sindh Assembly session on Thursday was adjourned without any proceedings for a want of quorum. Deputy Speaker, Rehana Leghari came to the house at 11am to chair the session but found incomplete quorum to begin the business of assembly for the day. It

Published 29 Nov, 2019 12:00am

Business & Economy

Karachi Breeze Red Line project to be first transport system to use bio-methane

The Karachi Breeze Red Line project will be the first ever transport system in Pakistan to use bio-methane produced from animal waste to fuel its 213 buses fleet.

Published 29 Nov, 2019 12:00am

Business & Economy

2020-21 to 2022-2023: Sindh's two departments to jointly prepare budget strategy paper

Sindh Finance Department and Planning & Development Department will jointly develop a budget strategy paper from 2020-21 to 2022-2023.

Published 29 Nov, 2019 12:00am

Telecommunication

Huawei launches Y9s smartphone

The latest entrant of Huawei's successful Y Series, the Huawei Y9s was launched in the provincial capital and pre-orders for the smartphone will begin from November 30 till December 6.

Published 29 Nov, 2019 12:00am

Business & Economy

Azerbaijan-Pak direct flights to start from next year: envoy

Ambassador of Azerbaijan in Pakistan, Ali Alizada said that direct flights between Azerbaijan and Pakistan would start from next year, which will further strengthen the bilateral trade and economic relations as well as people to people contacts between bo

Published 29 Nov, 2019 12:00am

Taxes

FBR to publish customs valuation rulings on board's website

Syed Shabbar Zaidi, Chairman, Federal Board of Revenue has issued special instructions to publish all Customs Valuation Rulings on the website of FBR so that Rulings are easily accessible to the general public.

Published 29 Nov, 2019 12:00am

Business & Economy

Merchant to Distributor payments: PepsiCo, Telenor Microfinance Bank sign MoU

As part of the CEO Partnership for Economic Inclusion (CEOP), Pakistan's leading financial institution, PepsiCo the leading food and Beverage Company, and Telenor Microfinance Bank signed a Memorandum of Understanding for the launch of Merchant to Distrib

Updated 29 Nov, 2019 03:14pm

Business & Economy

Afridi urges businessmen to help improve country's image

Minister of State for States and Frontier Regions (SAFRON) and Narcotics Control, Shehryar Khan Afridi has said that business community should join hands with the government to improve the image of Pakistan abroad.

Published 29 Nov, 2019 12:00am

Need for adopting innovative agriculture tech stressed

Speakers at a workshop on 'Sustainable Agriculture' stressed the need for adoption of innovative latest agricultural technology coupled with implementation of good agricultural practices to tackle the issue of reducing available farmland per person per he

Published 29 Nov, 2019 12:00am

Musharraf meets Pir Pagara

Leader of All-Pakistan Muslim League (APML), Pervez Musharraf met leader of Pakistan Muslim League Functional (PML-F) leader Pir Pagara in Dubai on Thursday. Sources privy to the information said that the two politicians exchanged ideas and held an import

Published 29 Nov, 2019 12:00am

PTC organises Star Farmer Programme to appreciate tobacco growers

Pakistan Tobacco Company Limited (PTC) here on Thursday organised Star Farmer Programme to appreciate tobacco growers and top farmers who contributed significantly for the best quality crop and yields. In this connection, the said cigarette manufacturing

Published 29 Nov, 2019 12:00am

Taxes

PTAA seeks extension in final date of filing tax returns

Leading tax bars and associations including Pakistan Tax Advisers Association (PTAA) has approached Federal Board of Revenue (FBR) for extension in final date of filing income tax returns/wealth statements for Tax Year 2019 up to December 31, 2019.

Published 29 Nov, 2019 12:00am

Business & Economy

China, Pakistan Media Forum to counter criticism on CPEC

China, Pakistan Media Forum, proved itself a best platform to counter uncalled for criticism on CPEC that have no political motive but to strengthen cooperative partnership for improving the living conditions of the people, says a report published here on

Published 29 Nov, 2019 12:00am

EVMs, BVMs and online voting facility for overseas: ECP eyes preparing feasibility reports by December 2021

The Election Commission of Pakistan (ECP) eyes developing feasibility reports by December 2021 on the introduction of electronic voting machines (EVMs), biometric verification machines (BVMs) and online voting facility for overseas Pakistanis in the gener

Published 29 Nov, 2019 12:00am

Wah University holds MDSRIC

University of Wah (UW) hosted its 5th Multi-Disciplinary Student Research International Conference (MDSRIC) from 26-27 November, 2019 sponsored by Higher Education Commission of Pakistan. The key areas of the conference included Basic Sciences, Computer S

Published 29 Nov, 2019 12:00am

Business & Economy

Zameen.com launches new 'Plot Finder' tool

Pakistan's largest real estate portal Zameen.com debuted its brand new tool Plot Finder at a launch event held at a local hotel, with media representatives and the company's senior management in attendance.

Published 29 Nov, 2019 12:00am

Dr Shoaib assumes charge as Punjab IGP

A few days after the Punjab government removed Punjab Inspector General of Police Arif Nawaz Khan for his alleged "poor performance", National Police Bureau Managing Director Dr Shoaib Dastgir assumed the charge of new provincial police chief on Thursday.

Published 29 Nov, 2019 12:00am

At-Tahur wins Brand of the Year Award 2019

At-Tahur Ltd, purveyor of Pakistan's leading milk brand Prema, has been conferred with 'Brand of the Year Award 2019' for the Best Milk and Yogurt category, by The Brands Foundation.

Published 29 Nov, 2019 12:00am

Tributes paid to M Rafi Butt

Tributes were paid to M Rafi Butt, a close associate of Quaid-e-Azam Mohammad Ali Jinnah and well-known enterprising industrialist and banker, as his 71st death anniversary was observed with due respect.

Published 29 Nov, 2019 12:00am

'Naya Pakistan Manzalain Aasan Program': Rs 15 billion being spent in first phase: Punjab CM

Terming the 'Naya Pakistan Manzalain Aasan Program' as a flagship initiative of the Pakistan Tehreek-e-Insaf (PTI), Punjab Chief Minister Sardar Usman Buzdar on Thursday said that Rs 15 billion are being spent on the first phase of this program for repair

Published 29 Nov, 2019 12:00am

Punjab government launches wheat programme worth Rs 9 billion

The Punjab Government has launched a programme worth Rs9 billion aimed at increasing the production of wheat per acre.

Published 29 Nov, 2019 12:00am

'Climate changes playing havoc with lives of people'

Projected temperature will rise around two degrees centigrade at the end of this century, due to climate changes playing havoc with lives of the people, agriculture wild life, livestock, water resources and other areas. Whereas, in the last century temper

Published 29 Nov, 2019 12:00am

Punjab PA validates Punjab agri marketing Ord for 90 days

The Punjab Assembly on Thursday extended the period of validity of The Punjab Agricultural Marketing Regulatory Authority (Amendment) Ordinance 2019, The Punjab Local Government (Amendment) Ordinance 2019, The Punjab Village Panchayats and Neighbourhood C

Published 29 Nov, 2019 12:00am

LHC seeks record in Musharraf's treason case

The Lahore High Court (LHC) on Thursday while hearing a petition of former president Pakistan Gen Pervaiz Musharraf (retd) directed the federal government to explain as to how the case against former president falls under the ambit of high treason.

Published 29 Nov, 2019 12:00am

Articles

Partly Facetious : There's no law minister these days

"Former Law Minister stated that The Khan expressed no anger against him for the government's failure to satisfy the Supreme Court bench for two days running..."

Updated 29 Nov, 2019 05:14am

In The Supreme Court of Pakistan (Original Jurisdiction)

PRESENT:

Published 29 Nov, 2019 12:00am

Telecommunication

'PTCL Safeer' programme launched

Pakistan Telecommunication Company Limited (PTCL) has launched its new initiative called 'PTCL Safeer' (Ambassadors), which is based on the concept of a Campus Ambassador Program and is an integral part of PTCL's transformational journey. The objective of

Published 29 Nov, 2019 12:00am

Stocks

SECP to facilitate revival of distressed cos, notifies CRA 2019

The Securities and Exchange Commission of Pakistan (SECP), to facilitate the revival of distressed companies, has notified the Corporate Rehabilitation Regulations, 2019.

Published 29 Nov, 2019 12:00am

Brief Recordings

An interview with Paul Smith, Adviser at CFA Institute: 'Need more charterholders in Pakistan'

Paul Smith currently holds the position of Advisor at CFA Institute. He previously served as the President and CEO of the same. CFA Institute is present worldwide with eight offices, and 157 local member societies that cater to the 165,000 charter holders

Updated 29 Nov, 2019 09:08am

UN refugee agency denies 'starving migrants' report

The head of the UN refugee agency on Thursday rejected as "offensive" a Guardian report alleging that the organisation was "starving" asylum-seekers in Libya. "I find that accusation offensive," UNHCR chief Filippo Grandi told reporters in Athens.

Published 29 Nov, 2019 12:00am

Afghan officials release men who exposed alleged paedophile ring

Afghan security officials have released two rights activists detained by the country's powerful intelligence agency for exposing an alleged paedophile ring operating in the country's schools. Musa Mahmudi - a youth social worker - told Britain's Guardian

Published 29 Nov, 2019 12:00am

Poll shows UK Tories headed for comfortable win

British Prime Minister Boris Johnson's Conservatives are heading for a comfortable win in next month's election, according to a detailed new poll, amid reports Thursday that the rival Labour party is refocusing its strategy.

Published 29 Nov, 2019 12:00am

Israel demolishes homes of alleged Palestinian killers

Israel on Thursday demolished the West Bank homes of four Palestinians accused of a deadly attack, sparking clashes with stone-throwing protesters, the army and an AFP journalist said.

Published 29 Nov, 2019 12:00am

Russia loses bid to block new Syria chemical weapons probe

A bid by Russia to block funding for a new team that will identify culprits behind toxic attacks in Syria failed Thursday with member states at the global chemical watchdog overwhelmingly approving a new budget.

Published 29 Nov, 2019 12:00am

Bolivia restores relations with Israel

Bolivia said Thursday it is restoring diplomatic relations with Israel, which it severed in 2009 under then president Evo Morales over Israeli attacks on the Gaza Strip. Foreign Minister Karen Longaric made the announcement in a meeting with foreign repor

Published 29 Nov, 2019 12:00am

North Korea fires two 'unidentified projectiles': Seoul

North Korea fired two "unidentified projectiles" on Thursday - the Thanksgiving holiday in the US - Seoul said, as nuclear talks between Pyongyang and Washington remain deadlocked.

Published 29 Nov, 2019 12:00am

Italian police bust armed neo-Nazi group

Italian police cracked open an armed neo-Nazi group Thursday which they said had been forging contacts with extremists elsewhere in Europe. Officers searching the homes of 19 suspects throughout the country, from Milan to Sicily, seized automatic weapons,

Published 29 Nov, 2019 12:00am

European Space Agency agrees record budget to meet new challenges

European Space Agency (ESA) members agreed Thursday a record 14.4 billion euros budget, promising to maintain Europe's place at the top table as the United States and China press ahead and industry disruptors such as Elon Musk's Space X present new challe

Published 29 Nov, 2019 12:00am

Vietnamese families bury first victims of UK truck tragedy

Throngs of weeping relatives on Thursday buried the first of 39 Vietnamese people found dead in a truck in Britain last month, in emotional ceremonies for the young victims whose deaths have rattled their rural towns.

Published 29 Nov, 2019 12:00am

Furious China threatens retaliation over US law on Hong Kong

China threatened retaliation against Washington on Thursday after US President Donald Trump signed legislation supporting Hong Kong pro-democracy protesters, just as the world's top two economies edge towards a trade truce.

Published 29 Nov, 2019 12:00am

Commodities

China's iron ore, steel fall on poor industrial profits data

Iron ore and steel futures in China declined on Wednesday, extending losses into a second session, as poor industrial profits data highlighted a slowdown in manufacturing in the world's second-largest economy.

Published 29 Nov, 2019 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,296.

Published 29 Nov, 2019 12:00am

Commodities

Euronext wheat falls after one month high

Euronext wheat ended slightly lower on Wednesday as the market ran into chart resistance after reaching a one-month high earlier in the day.

Published 29 Nov, 2019 12:00am

Commodities

Brazil boosts ethanol production, cut sugar output

Mills in Brazil's center-south region increased ethanol production and cut sugar output in the first half of November as the season draws to an early close, industry group Unica said on Tuesday.

Published 29 Nov, 2019 12:00am

Energy

US natural gas futures hold steady

US natural gas futures held steady on Wednesday as the market waits for direction from a federal report expected to show a smaller than usual weekly storage draw.

Published 29 Nov, 2019 12:00am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 155,143 tonnes of cargo comprising 95,705 tonnes of import cargo and 59,438 tonnes of export cargo including 8,458 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 29 Nov, 2019 12:00am

Cotton & Textile

Cotton market: Rates fluctuate slightly amid modest trading

Prices fluctuated slightly on the cotton market on Thursday in process of modest trading activity, dealers said.

Published 29 Nov, 2019 12:00am

Commodities

CBOT wheat futures lower

Chicago Board of Trade wheat futures closed lower on Wednesday on technical selling and profit-taking as the market continued to pull back from a one-month high reached on Monday, traders said.

Published 29 Nov, 2019 12:00am

Energy

Asia's naphtha rises; gasoline recovers

Asia's naphtha crack rose for the seventh straight session to 1-1/2 month high of $109.75 a tonne on Wednesday as supplies tightened on talk of refinery run cuts while maintenance is still ongoing at some of Asia's and Middle Eastern plants.

Published 29 Nov, 2019 12:00am

Money & Banking

South Africa's rand steadies

South Africa's rand steadied on Thursday as investors assessed the impact of US backing for protesters in Hong Kong on its trade negotiations with China, while stocks fell. At 1508 GMT, the rand was trading flat at 14.7500 per dollar.

Published 29 Nov, 2019 12:00am

Money & Banking

Yen up, risk-sensitive units down in Asia

The safe-haven yen rose and risk-sensitive currencies fell on Thursday after US President Donald Trump's formal endorsement of Hong Kong's anti-government protesters, seen as potentially derailing recent Sino-US progress on trade.

Published 29 Nov, 2019 12:00am

Money & Banking

Dollar little changed in European trade

The dollar was little changed in London trading on Thursday as a mild overnight risk-off move, sparked by the United States and China clashing over Hong Kong, subsided. China warned the United States that it would take "firm counter measures" in response

Published 29 Nov, 2019 12:00am

Money & Banking

Dollar rises against basket of currencies in New York

The dollar rose against a basket of currencies on Wednesday on upbeat US data in subdued trading as uncertainty about a possible US-China trade deal lingered during a US-holiday shortened week. US economic growth picked up slightly in the third quarter, r

Published 29 Nov, 2019 12:00am

Money & Banking

Forint slips to record low against euro

The Hungarian forint slipped to a record low against the euro and the Polish zloty also eased on Thursday, amid renewed tensions between the US and China over protests in Hong Kong. The forint touched 337.21 versus the euro. The Hungarian central bank's e

Published 29 Nov, 2019 12:00am

Money & Banking

Most Asian currencies edgy

Most emerging Asian currencies trod water on Thursday, amid fears that efforts to end the US-China trade war could suffer as Beijing threatened "counter measures" after US President Donald Trump signed legislation backing protesters in Hong Kong.

Published 29 Nov, 2019 12:00am

Money & Banking

Serbia sells euros to bolster dinar

Serbia's central bank sold an unspecified amount of euros to bolster dinar, dealers said on Thursday. The bank, which so far this week sold a total of 75 million euros ($82.67 million), intervened as the dinar traded at the rate of 117.55 to the common cu

Published 29 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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