News Archives for Print - 2019-12-01

Print - 2019-12-01

Government summons NA session again on 4th

The Pakistan Tehreek-e-Insaf (PTI) government seems confused as it postponed the National Assembly session earlier convened on Monday (December 2) and then summoned the session again on Wednesday (December 4), it is learnt.

Published 01 Dec, 2019 12:00am

Shahbaz proposes names for CEC slot

Leader of Opposition in the National Assembly and Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has proposed three names to Prime Minister Imran Khan for the appointment of Chief Election Commissioner (CEC).

Published 01 Dec, 2019 12:00am

ECP members: Imran, Shahbaz recommend names

Prime Minister Imran Khan and Leader of the Opposition in the National Assembly, Shahbaz Sharif have recommended separate names for the appointment of two members of the Election Commission of Pakistan (ECP) from Sindh and Balochistan.

Published 01 Dec, 2019 12:00am

Bilawal describes Imran as 'failed selected PM'

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said PPP will not allow the 'selected' Prime Minister Imran Khan and his government to take a u-turn on the China-Pakistan Economic Corridor (CPEC). Bilawal was addressing a mammoth public g

Published 01 Dec, 2019 12:00am

Government working towards reducing inequality: PM

Terming the provision of loans to small farmers and small and medium industries as major sources of employment and poverty alleviation, Prime Minister Imran Khan Saturday said the government's economic initiatives are aimed at uplifting the downtrodden an

Published 01 Dec, 2019 12:00am

Lending Modaraba may raise funds through issuance of 'COM': SECP

A lending Modaraba, having enabling clause for resource mobilization in its prospectus, with the approval of the Commission, may raise funds through issuance of Certificates of Musharakah (COM) after complying with the laid down requirements by the Commis

Published 01 Dec, 2019 12:00am

Four joint border markets with Iran being established

The seventh meeting of the Joint Border Trade Committee (JBTC) has decided to establish four joint border markets with Iran's cooperation, Pakistani official Reza Baloch said on Saturday.

Published 01 Dec, 2019 12:00am

Iraqis keep up anti-regime demos despite PM's vow to quit

Iraqis kept up anti-government protests in Baghdad and the south on Saturday, dissatisfied with the premier's vow to quit and insisting on the overhaul of a system they say is corrupt and under the sway of foreign powers.

Published 01 Dec, 2019 12:00am

China factory activity expands in November after 6-month losing streak

China's November factory activity rebounded for the first time in seven months, data showed Saturday, despite the looming threat of fresh US tariffs within weeks if Beijing and Washington fail to sign a partial trade deal.

Published 01 Dec, 2019 12:00am

Dutch police hunt suspect after three stabbed in The Hague

Dutch police kept up a huge manhunt on Saturday for an assailant who stabbed three youths in The Hague's main shopping area.

Published 01 Dec, 2019 12:00am

Johnson vows action as convicted terrorist named in London attack

Prime Minister Boris Johnson vowed Saturday to review Britain's sentencing system after a convicted terrorist released early from prison was suspected of stabbing two people to death in an attack around London Bridge. Police shot and killed Usman Khan aft

Published 01 Dec, 2019 12:00am

Campaigners occupy German coal mines in climate protest

Thousands of activists sought Saturday to occupy several opencast coal mines in eastern Germany, to put pressure on the government to phase out the fossil fuel - a divisive issue in the country's rust belt.

Published 01 Dec, 2019 12:00am

Nominal cut in POL products' prices

Federal government has reduced the prices of all petroleum products in line with the recommendations of the Oil & Gas Regulatory Authority (Ogra) for December following lower international market rates.

Published 01 Dec, 2019 12:00am

Fiscal operations: Q1 primary surplus stands at Rs 286 billion

The primary surplus for the first quarter of the current fiscal year, as per the summary of the consolidated federal and provincial budgetary operations 2019-20, was Rs 286 billion against a deficit of Rs 48 billion in the comparable period of last year.

Published 01 Dec, 2019 12:00am

July-November updated collection shows Rs211.4bn shortfall

The updated collection of the Federal Board of Revenue (FBR) stood at Rs 1,617 billion during July-November (2019-20) against the target of Rs 1,828.4 billion, reflecting a shortfall of Rs 211.4 billion. According to a tweet of FBR Chairman Shabbar Zaidi

Published 01 Dec, 2019 12:00am

Rs 300 billion sell-off proceeds unlikely to be realized

Federal government may not be able to achieve revised Rs 300 billion from privatization proceeds in the current fiscal year (2019-20) due to legal and administrative challenges and consequently the primary and fiscal deficit benchmarks agreed with the Int

Published 01 Dec, 2019 12:00am

Allocations: Sindh government sets fresh guidelines for ongoing ADP schemes

The Sindh government has set the guidelines for ongoing schemes in Annual Development Programme (ADP) by deciding to allocate 100 percent funds for a ongoing scheme for its completion in next year having throw-forward up to Rs 40.00 million.

Published 01 Dec, 2019 12:00am

PTA strongly reacts to report on internet freedom

Pakistan Telecommunication Authority (PTA) has strongly protested with Freedom House, a US-based organisation, while terming its report on Pakistan regarding internet freedom heavily biased and one-sided.

Published 01 Dec, 2019 12:00am

Smog shuts schools, universities in Iran

Air pollution forced the closure of schools and universities in parts of Iran on Saturday, including Tehran, which was cloaked by a cloud of toxic smog, state media reported. The decision to shut schools and universities in the capital was announced late

Published 01 Dec, 2019 12:00am

PSX clarification

"A Press briefing was held on Friday, November 29, 2019, at Pakistan Stock Exchange, where details about the signing of the agreement for acquisition of IT Trading & surveillance system for PSX from Shenzhen Stock Exchange (SZSE), China, were shared with

Published 01 Dec, 2019 12:00am

Flight caterer urged to go on strike

German services union ver.di urged members at Lufthansa's catering subsidiary LSG Sky Chefs, which provides on-board meals for numerous airlines, to go on strike across airports in Germany for 24 hours on Monday.

Published 01 Dec, 2019 12:00am

Judgement on post-arrest bail of ex-PSO MD: Depriving citizen of fundamental right of liberty cannot be ignored: IHC

Islamabad High Court (IHC) has held that powers to arrest under National Accountability Ordinance (NAO), 1999, are neither unfettered nor can be exercised mechanically and in an arbitrary manner.

Published 01 Dec, 2019 12:00am

Shahbaz, Fawad: SC to resume hearing of NAB appeals on Tuesday

The Supreme Court will resume on Tuesday the hearing of National Accountability Bureau (NAB) appeals against Pakistan Muslim League-Nawaz President Shahbaz Sharif and Secretary (Implementation) to ex-CM Fawad Hassan Fawad in the Ashiana Iqbal and Ramzan S

Published 01 Dec, 2019 12:00am

Trump visit to Afghanistan: Skipping stopover in Islamabad shows Washington's lack of interest

US President Donald Trump visited Afghanistan for the first time on November 28, 2019 and skipped a stopover in Islamabad which is being viewed as Washington's lack of interest in deepening bilateral ties.

Published 01 Dec, 2019 12:00am

Letters

Pre-arrest bail challenge

The Supreme Court of Pakistan has made a profound comment on the concept and practice of pre-arrest bail. In one of its recent judgements it has declared that judicial power to pre-arrest bail to be cautiously exercised with a view to protecting the innoc

Updated 02 Dec, 2019 07:38am

Articles

There's need to conserve gas

'Winter is coming' became a popular slogan from an English TV show for a number of years. However, it very aptly describes the situation that awaits Pakistani citizens, especially those residing in the northern areas. The arrival of the winter accompanies

Published 01 Dec, 2019 12:00am

Articles

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 01 Dec, 2019 12:00am

Articles

Months after abrupt halt, Trump gives blessing for Taliban deal

Nearly three months after he abruptly ended talks with the Taliban, President Donald Trump has given his blessing to fresh diplomacy, but major obstacles stand in the way of a deal to end the Afghanistan war. Chief among the questions is how to address th

Updated 02 Dec, 2019 09:48am

Articles

Rethink public accountability

Last week, at a conference on innovative finance, Planning Minister Asad Umar commented on a question on risks associated with public private partnership (PPP) projects that when bad decisions are equated with criminal intent, the appetite of bureaucracy

Updated 02 Dec, 2019 06:36am

Street crime in Karachi

Almost every second 'Breaking News' emanating from Karachi on the country's electronic media is about street crime. Street crime is a loose term for any criminal offence in a public place. It is not that other cities are immune to this menace; there too s

Updated 06 Dec, 2019 06:38am

Student power

All the constitutions carry a tinge of passion to do good to the citizens, as does ours by mandating equality of citizens and non-discrimination on the basis of gender. But to some that being not enough the 18th Amendment went further by adding Article 25

Updated 06 Dec, 2019 06:34am

Business & Economy

KP CM orders timely release of uplift schemes' funds

KP Chief Minister Mahmood Khan has directed the finance department to ensure timely release of required funds for all developmental schemes that are due for completion in the province along with intimating the concerned quarters to resolve the stalemate i

Published 01 Dec, 2019 12:00am

Business & Economy

TCL posts growth both in local, exports sales

The domestic (local) and export sales of Treet Corporation Limited (TCL) has witnessed growth in 2019 with its corporation restructuring plan on target, revealed during the Corporate Briefing Program (CBP) of the listed company on Saturday.

Published 01 Dec, 2019 12:00am

Work on Ataturk Avenue still in the doldrums

Work on the dualization of Ataturk Avenue (Embassy Road) is still pending, causing traffic jams and inconvenience to commuters.

Published 01 Dec, 2019 12:00am

Business & Economy

Denmark, Pakistan maintain extensive bilateral friendly, economic cooperation: envoy

Rolf M Hey Holmboe, Ambassador of the Royal Danish Embassy in Pakistan said on Saturday that Denmark and Pakistan maintain extensive bilateral friendly and economic cooperation, reflecting great potential and opportunities for two countries particularly i

Published 01 Dec, 2019 12:00am

Without ending political interference, police reshuffle useless: ex-top cops

Reshuffling the bureaucracy, especially senior police officers, every now and then, would prove to be a futile exercise unless political interference is brought to an end from the functioning of bureaucracy in general and police department in particular.

Published 01 Dec, 2019 12:00am

Doors to remain open for Pakistanis: Iranian CG

The outgoing Peshawar-based Iranian Consul-General (CG), Mohammad Baqir Beigi has said that he had played effective role in the promotion of trade relations between Khyber Pakhtunkhwa and Iran.

Published 01 Dec, 2019 12:00am

CEC post: Opposition names bureaucrats instead of judges: Fawad

Federal Minister for Science and Technology, Fawad Chaudhry, on Saturday said that the opposition leader has suggested the names of bureaucrats instead of judges for the appointment of new chief election commissioner (CEC).

Published 01 Dec, 2019 12:00am

Four gunned down over old enmity in Gujranwala

Four people including a father and son on Saturday were gunned down over an old enmity in Gujranwala's area of Nowshera Warkan. According to the local police, unidentified armed men, who were riding motorbike opened indiscriminate firing over a vehicle, r

Published 01 Dec, 2019 12:00am

Minister vows to ensure best healthcare facilities

Punjab Minister for Excise & Taxation Hafiz Mumtaz Ahmad said that the Punjab Government had focused its attention on providing best medical health care to the common patients without any discrimination and strict monitoring was being carried out of the G

Published 01 Dec, 2019 12:00am

Buzdar for bringing an end to 'politics of chaos'

Punjab Chief Minister Sardar Usman Buzdar on Saturday said that those who are practicing politics of chaos are not sincere with the country and the nation; "such elements are exposed before the people".

Published 01 Dec, 2019 12:00am

Sindh, Punjab plain areas: rainfall may reduce chances of dense fog this month: Met

Pakistan's agriculture plains are more likely to receive frost this December, while the scale of smog in Punjab may decrease with dropping temperature in days to come.

Published 01 Dec, 2019 12:00am

TCV drive begins in Sindh

World Health Organization-recommended typhoid conjugate vaccine (TCV) has been introduced with a campaign in Sindh, which is the centre of ongoing extensively drug-resistant (XDR) typhoid outbreak that began in November 2016. Many cases have been reported

Published 01 Dec, 2019 12:00am

Business & Economy

Hafeez Aziz named KCCI body chief

President of Karachi Chamber of commerce and Industry (KCCI), Agha Shahab Ahmed Khan has appointed Hafeez Aziz as a chairman of KCCI's law and order sub-committee for the year 2019-20.

Published 01 Dec, 2019 12:00am

Taxes

FBR asked to provide financial details of Ex-Deputy AG

National Accountability Bureau (NAB), Karachi has asked the Federal Board of Revenue (FBR) to provide property and tax details of Mazhar Ali Sahito, former deputy auditor general, Sindh and his family members.

Published 01 Dec, 2019 12:00am

Mafia active in destabilising PTI government: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has on Saturday said there is a mafia which wants to destabilize Prime Minister Imran Khan's government.

Published 01 Dec, 2019 12:00am

350 awarded degrees at AKU convocation

Some 350 graduates on Saturday celebrated the completion of their programmes at the Aga Khan University's convocation ceremony where they were urged to remember the importance of courage, perseverance and agility in the years to come.

Published 01 Dec, 2019 12:00am

Cotton & Textile

PTA team discusses issues with Alvi and Shabbar

A delegation of Pakistan Tanners Association (PTA) led by its Chairman Sheikh M. Afzal Hussain held two different meeting with the President of Pakistan Dr. Arif Alvi and Chairman Federal Board of Revenue (FBR) Shabbar Zaidi and placed to them various cor

Published 01 Dec, 2019 12:00am

Toll soars to 42: Two more succumbed to dengue fever

Two more people diagnosed with dengue fever succumb to the disease in Karachi on Saturday. As per details, a woman, resident of North Nazimabad and a three-month-old baby of Gulshan-e-Malir passed away in a private hospital of the metropolis due to dengue

Published 01 Dec, 2019 12:00am

Sanaullah's lawyers boycott proceedings

Lawyers representing PML-N leader Rana Sanaullah are done with the constant policing of the politician's trial. They claim that the police don't allow other lawyers or reporters to enter the courtroom. They boycotted court proceedings on Saturday in prote

Published 01 Dec, 2019 12:00am

Frozen harvest leaves bitter taste for US sugar beet farmers

Weather during harvest season in the US Red River Valley, a fertile sugar beet region in Minnesota and North Dakota, has to farmers felt like a series of plagues. Rain and snow pelted crops in September and October. That was followed by a blizzard, and th

Published 01 Dec, 2019 12:00am

Chinese importers buy US soyabean cargoes despite ports congestion

Chinese commercial importers made new purchases of US soyabeans last week, according to two sources, even as up to 2 million tonnes of American cargoes were waiting to offload at ports in China as its stockpiler looked for storage room.

Published 01 Dec, 2019 12:00am

Brazil to produce record coffee crop despite weather

Brazilian farmers are expected to produce a record coffee crop in 2020, surpassing a previous all-time high reached in 2018, as output is seen reaching 66.7 million 60-kg bags, Dutch bank Rabobank projected on Thursday.

Published 01 Dec, 2019 12:00am

Colombia's coffee growers must focus on quality to lock in profits

Colombia's coffee farmers must reduce production costs and increase the quality of their beans next year if they want to assure profitability, the head of the National Federation of Coffee Growers said.

Published 01 Dec, 2019 12:00am

Women judges' moot: Judiciary thrives on public trust, says Justice Bandial

Justice Umar Ata Bandial, of the Supreme Court, on Saturday stated that the institution of Judiciary thrive the public trust and added competence, integrity, impartiality and courtesy are the hallmark of a judge. He was speaking at women judges' conferenc

Published 01 Dec, 2019 12:00am

Prices of essential kitchen items witness slight reduction

Prices of most of the essential kitchen items witnessed a slight reduction during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

Published 01 Dec, 2019 12:00am

Business & Economy

Hayatabad Industrial Estate to be separated from Tesco feeder

The Sarhad Chamber of Commerce and Industry and Peshawar Electric Supply Company have decided to separate the Hayatabad Industrial Estate from feeder of Tribal Electric Supply Company (TESCO) to overcome with power theft and tripping issue in the industri

Published 01 Dec, 2019 12:00am

Iran, Pakistan sign MoU on border cooperation

Head of Cooperatives, Labour and Social Welfare Organization in Sistan and Balochestan Province Nader Mirashkar said on Saturday that the seventh Joint Border Trade Committee (JBTC) between Iran and Pakistan was signed in 22 clauses to further accelerate

Published 01 Dec, 2019 12:00am

Government doesn't want legislation on COAS within six months: Ahsan

Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal has accused the government of not being fair in matter of legislation regarding Army Chief's extension.

Published 01 Dec, 2019 12:00am

ANP accuses government of delaying NFC Award

Acting president ANP, Ameer Haider Khan Hoti, has alleged that government is using delaying tactics in announcement of National Finance Commission (NFC) Award and after 18th Constitutional Amendment no financial award is given so far.

Published 01 Dec, 2019 12:00am

Articles

The challenge of HCV and HBV

Pakistan, a country where more than 15 million people are living with hepatitis B or C, is estimated to invest 3 billion dollars in efforts to eliminate the hepatitis C virus (HCV) and hepatitis B virus (HBV) by 2030. With the increasing number of tests a

Updated 02 Dec, 2019 09:30am

Secretary forests orders removal of encroachments from park land

Secretary Forest, Wildlife and Fisheries Captain Mohammad Mahmood (R) has ordered its department to erect a wall, taking guidance from the map of Soil Survey of Pakistan, to protect the land of Lohi Bheer Wildlife Park adjacent to Koran Town from land maf

Published 01 Dec, 2019 12:00am

PM announces ambitious plan to curb smog, improve air quality

Announcing the government's ambitious plan to curb smog and improve air quality, Prime Minister Imran Khan on Saturday unfolded six points ranging from import of clean (environmental friendly) oil, using environment-friendly technology for crop burning, i

Published 01 Dec, 2019 12:00am

Business & Economy

LCCI for single digit mark-up

The Lahore Chamber of Commerce and & Industry (LCCI) has urged the State Bank of Pakistan (SBP) to bring down the mark-up rate to single digit in the larger interest of trade, industry and economy.

Published 01 Dec, 2019 12:00am

Government to legislate on COAS extension: FM Qureshi

Foreign Minister Shah Mehmood Qureshi on Saturday said the government and cabinet will move forward with the prime minister on amending the law regarding the extension of Chief of Army Staff General Qamar Javed Bajwa, after Supreme Court issues detailed v

Published 01 Dec, 2019 12:00am

Next polls to be held as per schedule: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Saturday said emergency situation painted by the Pakistan Muslim League-N (PML-N) was ended after the arrival of Nawaz Sharif in London.

Published 01 Dec, 2019 12:00am

Kashana Lahore: CM takes notice of alleged sexual abuse of girls

Punjab Chief Minister Usman Buzdar on Saturday took notice of state-run shelter Kashana Lahore's superintendent's allegation that the facility was being used to supply underage girls to powerful ministers of the Punjab government.

Published 01 Dec, 2019 12:00am

Hafiz Saeed, others to be indicted on December 7

An antiterrorism court (ATC) in Lahore on Saturday announced that it would indict chief of banned Jamaatud Dawa (JuD) Hafiz Saeed and other JuD leaders who were booked in July for offences pertaining to terror financing on December 07.

Published 01 Dec, 2019 12:00am

Business & Economy

Orange Line train to be operational by December 10

Prime Minister Imran Khan decided in a meeting on Saturday that the Orange Line Train would be operational by 10th of December.

Published 01 Dec, 2019 12:00am

Robberies, snatching on the rise in Capital

The incidents of armed robberies, snatching at gunpoint and dacoities witnessed an increase in the capital city during the last week in spite of tall claims of police about taking a number of initiatives to control the rising crime rate in the metropolis.

Published 01 Dec, 2019 12:00am

Business & Economy

BMP voices concern over dilly-dallying tactics in refund cases

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry has condemned the delaying tactics of the government in refund cases, as only sales tax refund claims have touched the figure of about Rs350 billion.

Published 01 Dec, 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 01 Dec, 2019 12:00am

Money & Banking

UniCredit agrees to cut stake in Turkey's Yapi Kredi

Italy's UniCredit said on Saturday it had reached a deal with Turkey's Koc Holding to cut its stake in Yapi Kredi Bank to below 32% as part of moves to simplify its shareholding structure and bolster capital. Yapi Kredi Bank is Turkey's third largest bank

Published 01 Dec, 2019 12:00am

Global Business Economy

Zablit chosen as Renault-Nissan-Mitsubishi secretary general

A French-Lebanese engineer has been chosen as secretary general of the Renault-Nissan-Mitsubishi auto alliance, part of a new business framework announced a year after former boss Carlos Ghosn was arrested.

Published 01 Dec, 2019 12:00am

Money & Banking

AfDB approves $210 million loan for Nigeria's power transmission project

The African Development Bank (AfDB) has approved a $210 million loan to help Nigeria upgrade its dilapidated electricity transmission and distribution network. The loan to Transmission Company of Nigeria (TCN) will support construction of 330KV double cir

Published 01 Dec, 2019 12:00am

IT & Computers

China bans 'fake news' created with AI, bots

China has issued new rules banning online video and audio providers from using artificial intelligence (AI) and virtual reality technologies to produce "fake news."

Published 01 Dec, 2019 12:00am

Energy

Turkey and Azerbaijan mark completion of TANAP pipeline to take gas to Europe

Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday, a milestone in a major project to help reduce Europe's dependence on Russian gas.

Published 01 Dec, 2019 12:00am

One dead after plane crashes in Swedish garden

The pilot of a propeller plane died Saturday after it crashed into the garden of a house in Ronneby, southeastern Sweden, police said. Police received word of the crash about 3:40 pm (1440 GMT).

Published 01 Dec, 2019 12:00am

Critics of Merkel coalition win German SPD leadership vote

Opponents of the coalition with Chancellor Angela Merkel's conservatives won a vote for the leadership of Germany's Social Democrats (SPD) on Saturday, raising questions over the future of the government.

Published 01 Dec, 2019 12:00am

Russia tests hypersonic missile in Arctic

Russia's MiG-31K interceptor jet carried out a test of the Kinjal (Dagger) hypersonic missile in Russia's part of Arctic earlier this month, TASS new agency reported on Saturday, citing two military sources.

Published 01 Dec, 2019 12:00am

Hundreds march in Khartoum seeking justice for martyrs

Hundreds of protesters marched Saturday through downtown Khartoum to demand justice for those killed in demonstrations against Sudan's now ousted autocrat Omar al-Bashir.

Published 01 Dec, 2019 12:00am

Tunisians march against violence towards women

Several hundred mostly women protesters rallied in the Tunisian capital on Saturday against violence targeting women, urging authorities to act to ensure their rights. Demonstrators marched through the city centre, waving brooms to symbolise the sweeping

Published 01 Dec, 2019 12:00am

IT & Computers

Apple says to 'carefully' examine Crimea map controversy

Apple said on Saturday it was going to "carefully" examine its controversial decision to show the annexed Crimea peninsula as part of Russia on maps and weather apps which has caused an outcry in Ukraine.

Published 01 Dec, 2019 12:00am

IT & Computers

Facebook corrects post under Singapore disinformation law

Facebook published a correction on a user's post Saturday following a demand from Singapore, the first time a tech giant has complied with the city-state's law against misinformation.

Published 01 Dec, 2019 12:00am

North Korea blasts Japan's Abe, warns of 'real ballistic missile'

North Korea on Saturday warned Japanese Prime Minister Shinzo Abe that he could soon see a "real ballistic missile" while excoriating him as the "most stupid man ever known in history".

Published 01 Dec, 2019 12:00am

Stocks

UK plans to launch new 20-year bond in January

Britain said on Friday it would launch a new 20-year government bond via an auction on Jan. 21, as part of an issuance programme for the first three months of 2020 that will also see a long-dated gilt syndication in February.

Published 01 Dec, 2019 12:00am

Stocks

Sri Lankan bonds slammed by new government's aggressive tax cuts

Sri Lanka's benchmark government bonds slumped to their worst- ever week on Friday, after the new government's move to immediately slash value-added tax (VAT) and other major taxes stoked worries about the cost of plans.

Published 01 Dec, 2019 12:00am

Stocks

Global funds raise stock allocations at the expense of cash

Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs despite a lack of clarity over how, when, or if a truce will be called on the damaging US-China trade war, a Reuters poll showed.

Published 01 Dec, 2019 12:00am

Stocks

Wall Street slips as US-China tensions weigh

Wall Street's major indexes ended Friday's shorter session lower as US-China discord over Hong Kong fuelled investor anxiety about trade talks and retail stocks dipped as in-store Black Friday sales appeared to draw smaller crowds.

Published 01 Dec, 2019 12:00am

Money & Banking

Chile announces $20 billion injection to stop peso slide

Chile's central bank announced Thursday a $20 billion injection into the economy aimed at curbing the plummeting value of the peso.

Published 01 Dec, 2019 12:00am

Stocks

It's not just trade hopes fuelling the US stocks rally

Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month.

Published 01 Dec, 2019 12:00am

Money & Banking

African currencies week ahead: Zambian kwacha seen weak, other African currencies stable

Zambia's currency is expected to remain on the back foot against the US dollar next week as those of Nigeria, Kenya and Uganda hold steady.

Published 01 Dec, 2019 12:00am

Money & Banking

Canadian dollar posts November decline

The Canadian dollar was little changed against the greenback on Friday, posting a decline for the month as investors worried about US-China tensions and data showed that Canada's economic growth slowed as expected in the third quarter.

Published 01 Dec, 2019 12:00am

Money & Banking

Brazil real ends bruising month down more than 5 percent

Brazil's real fell again on Friday to end a volatile month of record lows and central bank intervention down more than 5%, its second biggest monthly decline this year behind August.

Published 01 Dec, 2019 12:00am

Money & Banking

Euro-dollar volatility hits new low, deepening currency market misery

As 2019 heads into its final month, currency markets show no sign of waking from their slumber, with key gauges of expected swings in the euro-dollar rate plumbing new record lows this week.

Published 01 Dec, 2019 12:00am

Money & Banking

China widely expected to trim lending benchmark LPR: analysts

China is widely expected to cut its new benchmark lending rate on Wednesday, according to a survey of traders and analysts, after the central bank lowered interbank borrowing costs this month.

Published 01 Dec, 2019 12:00am

Money & Banking

Dollar loses steam against basket of currencies

The dollar gave up early gains to trade slightly lower on the day 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 01 Dec, 2019 12:00am

Cotton & Textile

Firmness prevails on cotton market

Firmness prevailed on the cotton market on Saturday as rates held present levels amid panic buying of lint cotton by mills, dealers said. The official spot rate was unchanged at Rs 9000, they added. In ready session, over 18,000 bales of cotton changed ha

Published 01 Dec, 2019 12:00am

Commodities

Canadian canola futures ease

ICE Canadian canola futures eased on Thursday, pressured by sporadic selling in thin overall trading volumes with US markets closed for Thanksgiving.

Published 01 Dec, 2019 12:00am

Commodities

China's October net gold imports lowest in three months

China's net gold imports via Hong Kong slipped for a second straight month in October, dropping to its lowest level since July, Hong Kong Census and Statistics Department data showed on Tuesday.

Published 01 Dec, 2019 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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