News Archives for Print - 2019-11-30

Print - 2019-11-30

Torture of MPA: Opposition walks out of Punjab PA in protest

The Opposition on Friday staged a walkout from the House's proceeding to protest manhandling of PML-N legislator Tofeeq Butt by the police in the National Accountability Court during the hearing of PML-N MPA Khawja Salman Rafique.

Published 30 Nov, 2019 12:00am

Global Business Economy

Daimler to cut 'thousands' of jobs by 2022 to fund electric shift

Luxury automaker Daimler on Friday said it was scrapping "thousands" of jobs to help fund the switch to electric vehicles, in the latest layoffs to hit the stuttering German car industry. The Mercedes-Benz maker said it wanted to save 1.4 billion euros ($

Published 30 Nov, 2019 12:00am

Global Business Economy

'Black Friday' becoming a shadow of its former self in US

The US holiday shopping season officially opened with a deluge of "Black Friday" promotions but the frenzied crowds of the past have thinned out with the rise of e-commerce.

Published 30 Nov, 2019 12:00am

Global Business Economy

Demos and deals as Black Friday sweeps Europe

Climate activists staged protests across Europe on Friday to denounce the environmental toll of mass consumption, while shoppers hit the streets and the internet as retailers of all stripes touted pre-holiday bargains. The American "Black Friday" traditio

Published 30 Nov, 2019 12:00am

Global Business Economy

Canada's economy slowed in third quarter

Canada's economy put on the brakes in the third quarter sending growth falling to 1.3 percent, or almost one-third of the previous three months' GDP, the government statistical agency said Friday. Statistics Canada blamed a drop in exports for the slowdow

Published 30 Nov, 2019 12:00am

Global Business Economy

UK consumers pick up pace of borrowing for first time since mid-2018: BoE

British consumers, whose spending has helped drive the economy since the Brexit referendum shock of 2016, picked up the pace of their borrowing for the first time in 16 months in October, data showed on Friday.

Published 30 Nov, 2019 12:00am

Global Business Economy

India quarterly growth falls to worst level in six years

India's economy grew at its slowest pace in more than six years in the July-September period, down to 4.5 percent from 7.0 percent a year ago, according to government figures released Friday that piled more pressure on Prime Minister Narendra Modi. The ex

Published 30 Nov, 2019 12:00am

Cricket

Latham ton puts New Zealand in solid position

Tom Latham's unbeaten hundred and his century stand with Ross Taylor laid a solid foundation for New Zealand before rain brought an early end to day one of the second Test against England in Hamilton on Friday. Latham was on 101 when the rain swept in, ju

Published 30 Nov, 2019 12:00am

Cricket

West Indies crush Afghanistan in just over two days

Giant spinner Rakheem Cornwall starred as the West Indies thrashed Afghanistan by nine wickets early on day three of their one-off Test on Friday. Cornwall took a match haul of 10 wickets as the West Indies bowled out Afghanistan for 120 on day three and

Published 30 Nov, 2019 12:00am

Other

Two matches decided in Hamdan Polo Cup

Black Horse Paints/Artema Medical and Samba Bank recorded thrilling victories in the Hamdan Polo Cup for Lahore Open Polo Championship 2019 here at the Lahore Polo Club ground on Friday.

Published 30 Nov, 2019 12:00am

Cricket

Warner, Labuschagne smack centuries

David Warner and Marnus Labuschagne both plundered back-to-back centuries as Australia stamped their authority on the opening day of the day-night second Test in Adelaide Friday. At the close on a rain-interrupted day, the home team were a dominant 302 fo

Published 30 Nov, 2019 12:00am

Cricket

Hasan Ali suffers rib injury

After recovering from back injury, pacer Hasan Ali has suffered rib injury ahead of the Sri Lanka Test series at home. Hasan Ali, who is facing fitness problems, has been diagnosed with three hairline fractures in the right rib. Hasan also underwent a sca

Published 30 Nov, 2019 12:00am

Cricket

Top cricket official barred from leaving Bangladesh over corruption probe

Bangladesh's anti-corruption commission has barred a top cricket official from leaving the country as it steps up an investigation into the sport's national body, a spokesman said Friday.

Published 30 Nov, 2019 12:00am

Cricket

Sri Lanka name Chandimal in squad for key Pakistan Test series

Sri Lanka on Friday gave former skipper Dinesh Chandimal a new chance to fight his way back into the national team by naming him in the squad to play a landmark two-match Test series in Pakistan.

Published 30 Nov, 2019 12:00am

Football

Ufone KPK Football's city qualifiers concluded

Ufone Khyber Pakhtunkhwa Football Tournament's city qualifiers have concluded in all the 21 cities. City champions from Swabi, Chitral and Bannu have been decided in addition to Swat, Buner, Kohat, Hangu, Karak, Upper and Lower Dir, Nowshera, Charssadda,

Published 30 Nov, 2019 12:00am

Other

India lead Pakistan in Davis Cup clash

Ramkumar Ramanathan and Sumit Nagal easily won their opening singles battles on Friday to give India a 2-0 lead over Pakistan in a Davis Cup clash moved to neutral territory because of the arch-rivalry between the neighbours. Ramanathan dispatched Muhamma

Published 30 Nov, 2019 12:00am

Money & Banking

Australian dollar heads for 4th week of losses

The Australian dollar was heading for a fourth straight week of losses on Friday as uncertainty shrouded the Sino-US trade talks, while mounting speculation of more rate cuts at home tugged bond yields sharply lower.

Published 30 Nov, 2019 12:00am

Money & Banking

Sterling two-week volatility jumps

The pound hovered around $1.29 on Friday, showing little reaction to headlines, with investors awaiting major political developments and the result of Britain's Dec. 12 election.

Published 30 Nov, 2019 12:00am

Money & Banking

Asian currencies trapped in tight range

Emerging Asian currencies were stuck in a tight range on Friday as investors fretted whether a new US law backing Hong Kong protesters could derail trade negotiations between Washington and Beijing. US President Donald Trump on Wednesday signed into law C

Published 30 Nov, 2019 12:00am

Money & Banking

Japan, Singapore extend currency swap line

The Bank of Japan (BOJ) and the Monetary Authority of Singapore have extended a local currency swap agreement by three years to 2022, the Japanese central bank said on Friday. The agreement allows for the exchange of local currencies between the two centr

Published 30 Nov, 2019 12:00am

Money & Banking

Euro drifts lower in European trade

The euro held near two-week lows on Friday as a combination of record low currency market volatility and hopes the United States and China would be able defuse their damaging tariff war with a preliminary trade deal boosted demand for the greenback.

Published 30 Nov, 2019 12:00am

Money & Banking

Early trade in New York: Dollar edges higher

The dollar edged higher to a 6-week peak against a basket of currencies on Friday as a still unsigned partial US-China trade deal kept investors on edge and the shortened holiday week limited currency moves.

Published 30 Nov, 2019 12:00am

Money & Banking

Dollar stands tall in Asian trade

The dollar was headed on Friday for its highest weekly finish against the safe-haven yen since May, as data showing the US economy is on a firm footing had investors scaling back rate-cut bets.

Published 30 Nov, 2019 12:00am

Money & Banking

Chile's peso jumps, Brazil's real drops

Chile's peso starred among Latin American currencies on Friday, bouncing off an all-time closing low on news of a chunky central bank intervention program, which set it on course for its second best day in more than a decade.

Published 30 Nov, 2019 12:00am

EU to be more 'assertive' says new chief Michel

Europe will become more "assertive" on the world stage, the new head of the European Council, Charles Michel, vowed Friday as he took over from Donald Tusk.

Published 30 Nov, 2019 12:00am

Trump flies into British election campaign

US President Donald Trump flies into Britain next week, just days before its general election - and if earlier visits are any guide, fireworks are expected.

Published 30 Nov, 2019 12:00am

Syria constitution talks end round without meeting

A second round of talks on amending Syria's constitution ended Friday, after disagreement on the agenda prevented government and opposition negotiators from meeting, the UN mediator said.

Published 30 Nov, 2019 12:00am

Two Ukrainian climbers die in Slovakia's High Tatra Mountains

Two Ukrainian climbers, a man and a woman, fell to their deaths in Slovakia's High Tatra Mountains amid poor visibility in a snowstorm, rescuers said on Friday.

Published 30 Nov, 2019 12:00am

Famed US climber Gobright falls to death in Mexico

A world-renowned rock climber, US national Brad Gobright, fell to his death while climbing a sheer rock face in northern Mexico, authorities said Thursday.

Published 30 Nov, 2019 12:00am

K-pop star jailed for six years for gang rape, spycam crimes

South Korean singer-songwriter Jung Joon-young was convicted Friday of gang rape and distributing videos of the assaults and other sexual encounters, and was jailed for six years in a scandal that has rocked K-pop.

Published 30 Nov, 2019 12:00am

UK PM calls in referendum team for Brexit election pitch

Prime Minister Boris Johnson made a pitch to Brexit-backing opposition voters Friday alongside a former Labour member of his 2016 referendum team, insisting only a vote for him in next month's election would get Britain out of the EU.

Published 30 Nov, 2019 12:00am

Macron, Erdogan go head-to-head in 'brain death' row

Turkish President Recep Tayyip Erdogan lashed out on Friday at Emmanuel Macron over his criticism of Turkey's military intervention in Syria, saying the French president was suffering "brain death", a phrase Macron recently used to describe NATO.

Published 30 Nov, 2019 12:00am

US dismisses Macron's NATO warnings

Emmanuel Macron is "still kind of working out" his vision for NATO, a senior US official said Friday, brushing aside the French president's call for reinventing the American-led alliance.

Published 30 Nov, 2019 12:00am

Dutch ship to join European mission to monitor Gulf waters

The Dutch government said Friday it was sending a navy frigate to join a "French-initiated, European mission" that will monitor Gulf waters amid regional tensions with Iran.

Published 30 Nov, 2019 12:00am

Mexico warns will not allow US military operations against cartels

Mexico's President Andres Manuel Lopez Obrador warned Friday he would not allow the US to conduct cross-border armed operations, after Donald Trump vowed to designate Mexican drug cartels as terrorist groups.

Published 30 Nov, 2019 12:00am

Ex-Japan PM Nakasone dies at 101

Former Japanese Prime Minister Yasuhiro Nakasone, an ardent conservative who worked to forge a stronger military alliance with the United States, has died at the age of 101, local media said Friday.

Published 30 Nov, 2019 12:00am

Israeli troops shoot dead Palestinian on border

Israeli forces shot dead a Palestinian teenager near the border with the Gaza Strip on Friday, the health ministry in the Hamas-run enclave said.

Published 30 Nov, 2019 12:00am

Ministry directed to take up issue of power station in CCI moot

A parliamentary panel Friday directed the Ministry of Water Resources to take up the issue of power station, proposed to be constructed at Chashma Jhelum Link Canal, in the upcoming meeting of Council of Common Interests (CCI).

Published 30 Nov, 2019 12:00am

National highways: Panel takes serious notice of overloaded vehicles

A parliamentary panel while taking serious notice of overloaded vehicles using the national highways across the country has directed the National Highways Authority (NHA) to strictly implement rules regarding overloaded vehicles.

Published 30 Nov, 2019 12:00am

Business & Economy

July 1, 2019 onwards: Companies must follow IFRS 14 for preparation of statements: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that International Financial Reporting Standard (IFRS) 14 - "Regulatory Deferral Accounts" - shall be followed by the companies for the preparation of financial statements for the ann

Published 30 Nov, 2019 12:00am

Minister's Enclave: Issue of allotting houses to 'blue-eyed' lawmakers echoes at panel moot

The illegal allotment of houses to 'blue-eyed' lawmakers at Minister's Enclave, once again, echoed at a parliamentary panel meeting on Friday with its chairman expressing inability to deal with the situation.

Published 30 Nov, 2019 12:00am

CMA delegation arrives in Lahore

On the invitation of the Pakistan Medical Association (PMA), a delegation of Chinese Medical Association (CMA) arrived here on three-day visit to Pakistan.

Published 30 Nov, 2019 12:00am

Business & Economy

PSDP 2019-20: Centre releases Rs 297.28 billion for various ongoing, new uplift projects

The federal government has released Rs 297.28 billion (42.4 percent) including Rs 61.75 billion foreign aid (48.13 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgete

Published 30 Nov, 2019 12:00am

Ceremony to achieve goals of PRP in Pakistan held

A ceremony was held here on Friday to achieve goals of Poverty Reduction Programme (PRP) in Pakistan through bilateral teamwork between Pakistan Poverty Alleviation Fund (PPAF) and Italian Agency for Development Cooperation in Islamabad along with the emb

Published 30 Nov, 2019 12:00am

Business & Economy

TCL launches flagship store in Capital

TCL, the number one TV brand in Pakistan, here on Friday launched a flagship store located at Jinnah Avenue Blue Area Islamabad. TCL always looking to provide an ever-improving customer experience has launched THE SAID store in Islamabad located at Hayat

Published 30 Nov, 2019 12:00am

Motorways and national highways: Ministry revises upward fine on over-speeding, traffic violations

The Ministry of Communications has revised upward the fine on over-speeding, traffic violations and dangerous driving on motorways and the national highways by up to 250-300 percent to control the increasing number of accidents.

Published 30 Nov, 2019 12:00am

Lawyer shot in Ahmadpur

An advocate was reportedly killed by a man living in his neighborhood, over a quarrel here on Friday. The suspect called advocate Humayun out, where he shot the lawyer in his head. Body has been shifted to morgue for post-mortem. Accuse managed to escape

Published 30 Nov, 2019 12:00am

Articles

Partly Facetious: Who was the head honcho?

"What's so funny? Or are you just happy that the government stopped a follow-on, after getting assistance from lawyers from other institutions......"

Updated 30 Nov, 2019 06:32am

Dr Yasmin directs recruitment on vacant posts

Provincial Health Minister Dr Yasmin Rashid presided over a high-level meeting to review the existing and vacant posts of professors, associate professors, assistant professors and senior registrars.

Published 30 Nov, 2019 12:00am

Cotton & Textile

APTPMA chief voices concern over stuck up ST refunds

A huge amount of sales tax refunds of textile industry have been stuck due to complicated refund system, the Chairman All Pakistan Textile Processing Mills Association (APTPMA), Muhammad Pervez Lala said.

Published 30 Nov, 2019 12:00am

Business & Economy

Seminar on business development for women entrepreneurs held at LCCI

The Lahore Chamber of Commerce and Industry (LCCI) in collaboration with State Bank of Pakistan (SBP), and Federal Board of Revenue (FBR) on Friday held a seminar on "Business Development for Women Entrepreneurs".

Published 30 Nov, 2019 12:00am

Punjab government increases wheat, sugarcane's support price

The Punjab Government deciding to increase the support price of wheat and sugarcane in the larger interest of farmers, has fixed it at Rs 1365 per maund for wheat while sugarcane's new support price will be Rs 190 per maund.

Published 30 Nov, 2019 12:00am

Articles

Amid 'air apocalypse', mask-clad Lahore looks for answers

When black smoke from burning rice stubble in nearby India swept into Lahore - one of Pakistan's largest and wealthiest cities - earlier this month, outraged residents declared an "air apocalypse" and the provincial government shut down schools.

Updated 30 Nov, 2019 06:52am

Three wounded in stabbing in shopping street in The Hague

Three people were wounded in a stabbing in one of the main shopping streets in the centre of the Dutch city of The Hague on Friday night, police said.

Published 30 Nov, 2019 12:00am

CDA seals store in its operation

Capital Development Authority (CDA) in its operation against illegal structures and nonconforming use of residential building sealed a store, which was being illegally operated in Sector G-6.

Published 30 Nov, 2019 12:00am

Ghanwa attends students rally in Lahore

Students staged a protest rally under the banner of Progressive Students Collective from Istanbul Chowk to Faisal Chowk on Mall Road against the ban on holding elections of students unions, cut in the budget of higher education and fee hike.

Published 30 Nov, 2019 12:00am

India offers funds to Sri Lanka in bid to outdo China

India, anxious to counter China's influence in the region, on Friday offered hundreds of millions of dollars in aid to Sri Lanka as the island's new president made his maiden overseas trip in New Delhi.

Published 30 Nov, 2019 12:00am

Chinese willing to invest $2bn in PSX

Chinese investors have shown interest in investing some $ 2 billion in Pakistan Stock Exchange (PSX).

Published 30 Nov, 2019 12:00am

Terror returns to London Bridge in 'Black Friday' attack

A man wearing a suspected hoax explosive device was shot dead by armed officers on London Bridge on Friday after what police said was a terrorist stabbing spree, reviving memories of another horrific attack two years ago that killed eight.

Published 30 Nov, 2019 12:00am

SPO for OGDCL, PPL expected to fetch Rs88bn

The federal government is anticipating generating Rs 88 billion from secondary public offering (SPO) of two stated-owned listed oil and gas companies, including Oil and Gas Development Company Limited (OGDCL) and Pakistan Petroleum Limited (PPL) by the en

Published 30 Nov, 2019 12:00am

Shortfall of 7m cotton bales feared

The government has stated that there would be a shortfall of 7 million bales of cotton as total production is now estimated at 8 million bales against the requirement of 15 million bales, which may have a negative impact on textile exports.

Published 30 Nov, 2019 12:00am

Stocks

PSX stages smart rally: BRIndex100 nudges higher

Pakistan Stock Exchange (PSX) Friday maintained upward drive, weighed mainly by stronger economic outlook.

Published 30 Nov, 2019 12:00am

Tax returns can be filed up to December 16: FBR

The Federal Board of Revenue (FBR) has extended the date for filing of income tax return and wealth statements for individuals and Associations of Persons (AoPs) for the Tax Year 2019 up to December 16, 2019.

Published 30 Nov, 2019 12:00am

Revival of PIA top priority: PM

Prime Minister Imran Khan on Friday expressed satisfaction over ongoing reforms in Pakistan International Airline (PIA) and said that revival of national flag carrier and making it a profitable entity was among the topmost priorities of the government.

Published 30 Nov, 2019 12:00am

Registered units: DG&I, IR restrained from conducting raids

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has decided to restrain Directorate General of Intelligence and Investigation Inland Revenue (IR) from conducting income tax and sales tax raids on registered units, creating harassment among the busin

Published 30 Nov, 2019 12:00am

Info about account holders: FBR chief says banks agree to withdraw litigation

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Friday that Pakistan Banks' Association and Presidents of all banks have agreed to withdraw pending litigation on the matter of furnishing of certain information of accountholders to the FBR. Acco

Published 30 Nov, 2019 12:00am

Companies or assets abroad?: PML-N, PPP answer in the negative

Two major opposition parties, Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP), have denied having any company or asset abroad in their respective replies submitted with the Scrutiny Committee of the Election Commission of Pakistan (

Published 30 Nov, 2019 12:00am

Farogh Naseem reappointed law minister

Barrister Farogh Naseem took oath as a federal minister here on Friday, three days after he resigned from the office of Federal Minster for Law and Justice to appear as counsel of the army chief in a case pertaining to his tenure's extension.

Published 30 Nov, 2019 12:00am

German envoy praises govt's 'endeavours' in energy sector

The federal government is offering to potential investors around $60 billion market of its renewable energy generation, transmission and distribution system along with petroleum sub-sector offering huge oil and gas exploration opportunities of around 40 n

Published 30 Nov, 2019 12:00am

Corporate sector: SECP withdraws major documentary measure

Securities and Exchange Commission of Pakistan (SECP) Friday withdrew a major documentary measure from corporate sector by taking away condition of mandatory submission of compliance certificate regarding its status of compliance with the requirements of

Published 30 Nov, 2019 12:00am

Pre-arrest bail: Judicial power should be cautiously exercised: SC

The Supreme Court has declared that judicial power to pre-arrest bail to be cautiously exercised with a view to protecting the innocent and is not extended in every run-of-the-mill criminal case.

Published 30 Nov, 2019 12:00am

PM takes notice of smog in Lahore

Prime Minister Imran Khan has taken notice of smog in Lahore and convened a meeting of concerned departments during his visit to the city on Saturday (today).

Published 30 Nov, 2019 12:00am

APTMA wants electricity at flat 7.5 cents/kWh rate

All Pakistan Textile Mills Association (APTMA) leadership Friday demanded reconnection of mills and electricity supply at the committed tariff of 7.5 cents per kWh to the export-oriented industry.

Published 30 Nov, 2019 12:00am

Students stage global strikes to pressure UN climate summit

Thousands of people in Asia and Europe joined rallies demanding more action on climate change on Friday, aiming to force political leaders to come up with urgent solutions at a United Nations conference next week.

Published 30 Nov, 2019 12:00am

US says Iraqi leaders must address grievances after PM quits

The United States called Friday on Iraqi leaders to address the "legitimate" grievances of protesters including corruption after the embattled prime minister announced his resignation. "We share the protesters' legitimate concerns," a State Department spo

Published 30 Nov, 2019 12:00am

Provisional figure: Rs 218.4 billion shortfall in collection

Federal Board of Revenue (FBR) has provisionally collected Rs 1,610 billion during July-November (2019-20) against target of Rs 1,828.4 billion, reflecting a shortfall of Rs 218.4 billion.

Published 30 Nov, 2019 12:00am

Letters

'A landmark case'

This is apropos a Business Recorder editorial "A landmark case" carried by the newspaper yesterday. The newspaper has concluded its argument by saying that "The situation presents a sardonic comment on the way of governance in the country of 208 mi

Updated 30 Nov, 2019 06:34am

Articles

Trans travellers face 'invasive' airport security at Thanksgiving

Cadence Baer will not be among the 27 million Americans flying this Thanksgiving to see family because she cannot deal with the humiliation of having her body scrutinised and laughed at in airport security.

Updated 30 Nov, 2019 06:55am

Self-determination of Kashmiris: Pakistan hails OIC HR Commission's stance

Pakistan on Friday welcomed reaffirmation of principled stance of OIC Human Rights Commission in support of right to self-determination of Kashmiris and call for end to the ongoing human rights violations in Indian occupied Jammu and Kashmir.

Published 30 Nov, 2019 12:00am

GSP Plus status extension: Sarwar off to Europe

With a view to garner support for extension of GSP Plus status to Pakistan for another term of three years and to highlight the blatant violations of human rights in the Indian Occupied Kashmir by Modi-led BJP government at International forum, Governor P

Published 30 Nov, 2019 12:00am

Kashmir solidarity rally held

The District Administration Lahore on Friday took out Kashmir solidarity rally, which was headed by Deputy Commissioner Lahore Danish Afzal while senior local officials also participated.

Published 30 Nov, 2019 12:00am

Business & Economy

Only 30 percent of funds released under ADP utilised in CFY's 1Q

Provincial departments in Sindh utilised only thirty percent of funds released for the schemes included in Annual Development Programme (ADP) in the first quarter of financial year 2019-20.

Published 30 Nov, 2019 12:00am

Stocks

New regime: stockbrokers urge SECP to discuss concept note on NBR

A delegation of Pakistan Stock Exchange (PSX) Stockbrokers Association (PSA) met with officials of Securities and Exchange Commission of Pakistan to discuss Concept Note (CN) on New Brokers Regime (NBR).

Published 30 Nov, 2019 12:00am

Cotton & Textile

Pakistan Apparel Forum's chief urges govt to refund stuck-up payments

Huge amount of exporters' liquidity of billions of rupees in Sales Tax Refund, Custom Rebate, Withholding Tax, DDT and DLTL has been stuck up with the government causing great sufferings to the already burdened exporters who are now at a loss to understan

Published 30 Nov, 2019 12:00am

Business & Economy

Pakistan, Iran discuss hurdles facing businessmen

7th joint border trade committee (JBTC) two days session held at Zahedan Iran from 28th to 29th November 2019. Pakistani team consisted Customs, FIA, Fisheries deptt, provincial transport authority, trade development authority of Pakistan Quetta, Home And

Published 30 Nov, 2019 12:00am

15,058 affected with dengue virus in Sindh

The number of patients affected with a mosquito-borne dengue virus has reached up to 15,058 across Sindh, whereas, the toll stood at 14,011, says Dengue Surveillance Cell on Friday. The latest statistics were released by the Cell after the emergence of 10

Published 30 Nov, 2019 12:00am

Huge cache of firecrackers seized

Anti-Smuggling Organisation (ASO), Preventive has foiled an attempt to smuggle huge cache of contraband fire crackers to Karachi under the grab of footwear. According to details, the department has received credible information that assorted brand of fore

Published 30 Nov, 2019 12:00am

Telecommunication

July-October 2019: government imports 19.42 percent more telecom products

Pakistan imported 19.42 percent more telecom products to $535.645 million in July-Oct 2019, official figures indicate. Increase in telecom imports now stands at $87.115 million in July-Oct 2019 comparing to their imports of $448.530 million in July-Oct 20

Published 30 Nov, 2019 12:00am

Business & Economy

PBIF voices concern over rising poverty

Pakistan Businessmen and Intellectuals Forum's (PBIF) President, Mian Zahid Hussain has expressed concern over increasing poverty at a rapid pace while price volatility is taking a toll on masses.

Published 30 Nov, 2019 12:00am

Students' Solidarity Day: restoration of students unions demanded

End unannounced martial law from our educational institutions, restore student unions and the sanctity of educational institution were the demands made by Naujwan Inqilabi Tehreek (NIT), Home-based Women Workers Federation (HBWWF) and National Trade Union

Published 30 Nov, 2019 12:00am

Greenwich varsity's convocation today

The Convocation 2019 of Greenwich University will be held on November 30 at its Campus in Karachi. The first batch of Mauritius Campus will be also conferred degrees in various disciplines. A total 349 degrees will be awarded among under graduates, gradua

Published 30 Nov, 2019 12:00am

Kamyab Jawan Programme: over 90,000 KP youth apply for loan

More than 90,000 youth filed applications to obtain entrepreneurship loan under Kamyab Jawan Program' in Khyber Pakhtunkhwa. The objective of the program is to enable youth to initiate their own businesses that will not only generate revenue but will also

Published 30 Nov, 2019 12:00am

Articles

Strongman

As to why this article is titled strongman, kindly read the last week's column; admittedly this may be an attempt to market my column, but hey, don't hold that against me. Everyone does that!

Updated 30 Nov, 2019 06:39am

Articles

CPEC: Perception vs reality

The trade war between China and the US is no longer limited to the two leading global economies, it has affected economies of Europe and is now influencing those of Asia. The other day, US Assistant Secretary of State Alice Wells, speaking at the Woodrow

Updated 30 Nov, 2019 06:37am

IOs taken to task

Chief Justice of Pakistan Justice Asif Saeed Khosa, addressing police officers during a visit to the Central Police Office in Lahore on November 23, 2019, made the timely and pertinent observation that if an Investigation Officer (IO) produces false witne

Updated 06 Dec, 2019 06:34am

Land for renewable power plants

In 1981, the country's first photocells system was commissioned near Islamabad, and since then for reasons, not very logical, not much could be done to cash in on the Nature's bounty of solar and wind energies. Pakistan is rich in both. The average amount

Updated 06 Dec, 2019 06:34am

The ECC decisions

The Economic Coordination Committee of the Cabinet, under the chairmanship of the Adviser to the Prime Minister on Finance Dr Hafeez Sheikh, has raised the support price of wheat to rupees 1,365 per maund (40 kilos) in an effort to make the commodity, whi

Updated 06 Dec, 2019 06:34am

Malaysian Deputy FM meets Qureshi

Malaysian Deputy Foreign Minister Datuk Wira Haji Marzuki bin Haji Yahya called on Foreign Minister Shah Mehmood Qureshi on Friday and discussed bilateral relations and matters of mutual interests, Foreign Office said.

Published 30 Nov, 2019 12:00am

Former councillor killed in police firing

Former councillor killed in police firing at a check-post in Rawalpindi on Friday. According to police officials, police signaled a suspicious black car to stop at a check post in Kalar Sayedan during snap checking but the car didn't stop and hit a police

Published 30 Nov, 2019 12:00am

Illegal allotment: NAB finalises supplementary reference for AC

The National Accountability Bureau (NAB) has informed the Accountability Court hearing the multibillion rupees fake bank accounts case that it has finalized supplementary reference in the illegal allotment of a welfare plot case that will be filed before

Published 30 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular