News Archives for Print - 2019-12-05

Print - 2019-12-05

PTI government introduces 4 bills in NA

Pakistan Tehreek-e-Insaf (PTI) government on Wednesday introduced four bills including the 'Port Qasim Authority Bill, 2019' in the National Assembly.

Published 05 Dec, 2019 12:00am

China warns US of a 'proper price' for Uighur bill

China warned Wednesday that a "price must be paid" after the US House of Representatives overwhelmingly passed legislation seeking sanctions against senior Chinese officials over the "crackdown" on mainly Muslim Uighurs in Xinjiang.

Updated 05 Dec, 2019 04:59am

November CPI inflation up 12.7 percent YoY

The Consumers Price Index-based inflation on year-on-year (YoY) basis witnessed an increase of 12.7 percent in November 2019 from 116.18 points in November 2018 to 130.90 points. The CPI on month-on-month basis went up by 1.34 percent in November to 130.9

Published 05 Dec, 2019 12:00am

Moody's changes five banks' outlooks to stable

Moody's Investors Service (Moody's) Wednesday affirmed the B3 long-term local currency deposit ratings of five Pakistani banks and changed the outlook to stable from negative. The banks included Allied Bank Limited (ABL), Habib Bank Ltd (HBL), MCB Bank (M

Published 05 Dec, 2019 12:00am

Lack of funds for development projects: Fiscal deficit blamed

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has blamed fiscal deficit for preventing the government from making funds available for development sector. Speaking at the inaugural session of the two-day conference titled 'Rethinking Microfin

Published 05 Dec, 2019 12:00am

Resolution of rental power dispute: Neither Erdogan nor Imran played any role?

Pakistan is expected to submit documents of the deal with Turkish company M/s Karkey to International Centre for Settlement of Investment Disputes (ICSID) by the end of current month, well-informed sources told Business Recorder.

Updated 06 Dec, 2019 04:22pm

Stocks

Blue chips lead rally on PSX: BRIndex100 retreats

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in almost all sectors.

Published 05 Dec, 2019 12:00am

Sell-off of govt properties: Investors to be attracted thru marketing, PM told

Prime Minister Imran Khan has been informed that marketing of the properties of ministries and divisions identified for privatisation would be done at 'Dubai Expo' to attract overseas Pakistanis and investors.

Published 05 Dec, 2019 12:00am

Japanese doctor who helped Afghans for decades among six killed in attack

A Japanese doctor whose long career was dedicated to helping some of Afghanistan's poorest people was among six people killed Wednesday in an attack in the east of the country, officials said.

Published 05 Dec, 2019 12:00am

Intensity of IMF programme the highest: Pasha

Former finance minister Dr Hafiz Pasha Wednesday said that 'intensity' of adjustments in the current International Monetary Fund (IMF) program is so high that 74 percent of three years' target of current account deficit and 55 percent of fiscal deficit ar

Published 05 Dec, 2019 12:00am

Notification on appointment of Justice Gulzar as new CJP issued

The Ministry of Law and Justice has issued a notification for appointment of Justice Gulzar Ahmed as new Chief Justice of Pakistan after getting approval from the President of Pakistan Dr Arif Alvi. According to a notification issued here Wednesday Justic

Published 05 Dec, 2019 12:00am

SC moved to resolve looming ECP crisis

The Supreme Court has been requested to pass an order to resolve 'constitutional' crisis that may occur in view of tenure of incumbent Chief Election Commissioner (CEC) former Justice Sardar Muhammad Raza Khan, which ends tomorrow (Friday).

Published 05 Dec, 2019 12:00am

India cabinet clears contentious nationality bill

India's cabinet signed off Wednesday on legislation that stands to give citizenship to certain religious minorities but not Muslims, in what critics say is a fresh attempt to sideline the 200-million-strong Islamic community.

Published 05 Dec, 2019 12:00am

Letters

Where's parliament?

One of the contributors to Business Recorder's op-ed section, Mohammad Waqar Rana, has recently pointed out that the "Prime Minister is the Chief Executive is his real strength rests in Parliament. It is almost proverbial that he owes his office to Parlia

Updated 05 Dec, 2019 11:08am

Articles

Trump's trade whiplash tests partners, markets, own aides

Donald Trump hailed a breakthrough in trade talks with China in mid-October, but seven weeks later says the deal may actually have to wait until after next year's US presidential elections.

Updated 05 Dec, 2019 11:19am

Articles

Infrastructure development and innovative finance

Quality, sustainable and climate resilient infrastructure is a pre-requisite for accelerating and ensuring stability and equity of economic growth and social development. Over the years, infrastructure gap in Pakistan has grown to a great extent. Opportun

Updated 05 Dec, 2019 11:14am

Articles

Inequality: the gaping hole in IMF template

There is general consensus that the IMF programme is disruptive but necessary. Also, now that we are in it we should see it through. We need to fix our fiscal and external accounts before we can go for sustained growth. Growth driven by the politically ex

Updated 05 Dec, 2019 09:15am

Criticality of bureaucracy

Prime Minister (PM) Imran Khan and his Pakistan Tehreek-i-Insaaf (PTI) government have been slow to learn what for them has proved the painful lesson that running the government, let alone good governance, is simply impossible without the cooperation and

Updated 06 Dec, 2019 06:23am

Outlook upgrade

It is really pleasing to learn that Moody's Investors Service (Moody's) has affirmed the government of Pakistan's local and foreign currency long-term issuer and senior unsecured debt ratings at B3 and raised Pakistan's economic outlook from negative to s

Updated 06 Dec, 2019 06:23am

NA proceedings to continue till December 20

The National Assembly Business Advisory Committee has decided to continue the proceedings of the Lower House till December 20, 2019. The meeting of Business Advisory Committee was held here on Wednesday to finalize duration of the session, business of the

Published 05 Dec, 2019 12:00am

Reference against judge: Complainant was launched against client: counsel

Munir A Malik, the counsel for Justice Qazi Faez Isa, told the apex court that the authorities had all information, while the complainant Waheed Dogar was "launched" to justify collecting further material against his client.

Published 05 Dec, 2019 12:00am

Army Chief's tenure: simple majority required for extension: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed said on Wednesday that the government possesses the required simple majority for extension in the Army Chief's tenure.

Published 05 Dec, 2019 12:00am

'SPU providing security to over 4,000 foreigners working on CPEC'

Deputy Inspector General of Police for the Special Protection Unit (SPU) Umar Sheikh has disclosed that the SPU is providing security cover to over 4,000 foreigners working on China-Pakistan Economic Corridor (CPEC) related projects in addition to around

Published 05 Dec, 2019 12:00am

Vawda refutes rumours of in-house change

Federal Minister for Water Resources Faisal Vawda on Wednesday rubbished the rumors of an in-house change, saying the propaganda is only popular within PPP and PML-N circles in a bid to build castles in the air.

Published 05 Dec, 2019 12:00am

Ghani hails China's offer of providing jobs to Sindh youth

Sindh Minister for Information, Archives and Labour Saeed Ghani has said that there was an everlasting relationship between Pakistan and China, and China's investment in Pakistan had no other equal. The provincial minister for Information said that the Si

Published 05 Dec, 2019 12:00am

Appointment of two ECP members: Parliamentary panel defers matter till next week

Failing to reach consensus over the appointment of the two ECP members, the Parliamentary Committee on Appointment of the Chief Election Commissioner and Members of Election Commission of Pakistan on Wednesday deferred the matter till next week on the pre

Published 05 Dec, 2019 12:00am

Taxes

Legal cover to some tax relief measures: Presidential Ordinance may be promulgated soon

A Presidential Ordinance is expected to be promulgated in next 7-10 days to give legal cover to some tax relief measures including simplified sales tax registration of traders under the agreement signed between the federal government and traders.

Published 05 Dec, 2019 12:00am

Reference against ex-minister, others: SHC orders NAB to submit report by January 28

Sindh High Court (SHC) on Wednesday ordered National Accountability Bureau (NAB) to submit the report in the court by January 28, 2020 by filing reference against Jam Khan Shoro, former Sindh Minister and others in illegal allotment of government land.

Published 05 Dec, 2019 12:00am

Business & Economy

Kuwaiti CG urges talks on issuance of business visa

"We want to ease issuance of business visa hence, negotiations must take place between the Interior Ministries of the two friendly countries as soon as possible," said Consul General of Kuwait Salem Yousif Al-Hamdan.

Published 05 Dec, 2019 12:00am

Money & Banking

SBP chief hails Moody's report on upgradation of outlook

State Bank of Pakistan (SBP) Governor Dr. Reza Baqir Tuesday welcomed the Moody's report on upgradation of outlook from negative to stable.

Published 05 Dec, 2019 12:00am

Telecommunication

Federal Secretary IT & Telecommunication visits PTCL's office

Pakistan Telecommunication Company Limited (PTCL) hosted Shoaib Ahmad Siddiqui, Secretary IT & Telecom and Chairman Board of Director, PTCL visit to PTCL's zonal office in Lahore for a business review meeting.

Published 05 Dec, 2019 12:00am

Business & Economy

Airlift kicks off services in Karachi

Airlift has officially inaugurated its services in the city on Wednesday.

Updated 05 Dec, 2019 05:46am

Money & Banking

SBP tells banks to submit daily cash report via DAP

The State Bank of Pakistan (SBP) has asked banks for daily reporting of branch-wise cash receipts & payments data via Data Acquisition Portal (DAP).

Published 05 Dec, 2019 12:00am

Elahi calls on Alvi

Acting Governor Punjab and senior PML-Q leader Chaudhry Pervaiz Elahi called on President Dr Arif Alvi on Wednesday and discussed matters concerning affairs of the PTI-led Punjab coalition government and other important issues.

Published 05 Dec, 2019 12:00am

CAP welcomes PM's decision to set up CIDB

The Constructors Association of Pakistan (CAP) welcomed Prime Minister Imran Khan's decision of setting up 'Construction and Infrastructure Board (CIDB)' and stressed the need of setting up Construction Development Bank (CDB) and immediate bridge financin

Published 05 Dec, 2019 12:00am

Dues of newspapers: SHC asks Sindh government to make payment

Sindh High Court on Wednesday ordered the provincial government to pay the dues of newspapers lying outstanding against the government advertisements.

Published 05 Dec, 2019 12:00am

Sindh government supplies 2.4m gallons of water to Bahria Town at Rs 7.512 million per month: Provincial assembly told

The Sindh Assembly Wednesday learnt that the Sindh government supplies 2.4 million water gallons to Bahria Town Karachi for Rs7.512 million per month.

Published 05 Dec, 2019 12:00am

Potato farmers: PepsiCo organises 'road show' in Kasur

In order to promote sustainable farming practices (SFP) in Punjab, PepsiCo is aiming to expand SFP across 7 million acres of land, which will encourage responsible agricultural practices, improve crop yields and livelihoods of growers.

Published 05 Dec, 2019 12:00am

Symposium on 'professional accountancy' held at TMUC

The Millennium Universal College (TMUC) Islamabad here on Wednesday organised Professional Accountancy Symposium 2019 in an effort to bridge the gap between industry and academia at TMUC Auditorium, H-11/4 Islamabad.

Published 05 Dec, 2019 12:00am

Islamabad RTO sets up market bodies to expedite registrations

Expanding the scope of its enforcement activities, Regional Tax Office, Islamabad Wednesday constituted special market committees with the assistance of trade associations and Islamabad Chamber of Commerce and Industry (ICCI) to maximize registration with

Published 05 Dec, 2019 12:00am

SU convocation on 21st

The Registrar University of Sindh, Jamshoro has circulated for information of all concerned that SU Academic Convocation 2017-18 will be held on Saturday, December 21, 2019 at Shaheed Mohtarma Benazir Bhutto convention centre at its Allama I I Kazi campus

Published 05 Dec, 2019 12:00am

PTI MNA Faizullah elected NA finance body's chairman

National Assembly Standing Committee on Finance Wednesday elected Pakistan Tehreek-e-Insaf MNA Faizullah Kamoka as its chairman unanimously.

Published 05 Dec, 2019 12:00am

Fake bank accounts case: Judicial remand of Jamali extended till 17th

The Accountability Court hearing the multibillion rupees fake bank accounts case on Wednesday extended judicial remand of Khursheed Anwar Jamali till December 17.

Published 05 Dec, 2019 12:00am

Panel for probing doctor's death at PIMS

A parliamentary panel on Wednesday recommended to constitute a committee to probe into death of a doctor due to burn injuries as he was allegedly not given proper treatment by the medics of PIMS Burn Center.

Published 05 Dec, 2019 12:00am

Two new polio cases surface in KP

Two new polio cases have surfaced in Khyber Pakhtunkhwa, raising the total count of polio cases so far in 2019 to 68 in the KP province and 94 in the whole country respectively.

Published 05 Dec, 2019 12:00am

Pakistan 'over-legislated' country: Akbar

Pakistan is an 'over-legislated' country and a lot of executive functions have been confounded through secondary legislation in the form of directives, SROs and rules so there is need to concentrate on strict implementation on the existing laws.

Published 05 Dec, 2019 12:00am

Business & Economy

ECDF compiles recommendations for merged districts economic growth

An important meeting of the Economic Cooperation and Development Forum (ECDF) held under the auspices of Small and Medium Enterprises Development Authority (SMEDA) in collaboration with United Nations Development Programme (UNDP) and USAID here Wednesday.

Published 05 Dec, 2019 12:00am

Deserving youth: 'Efforts afoot to make modernised education accessible'

Minister for Federal Education and Professional Training, Shafqat Mahmood has said that promotion of quality education coupled with uniform education system is the priority of the Pakistan Tehreek-Insaf (PTI) government and steps are being taken to make m

Published 05 Dec, 2019 12:00am

National highway with M9 motorway; Completion of remaining 7km of link road ordered

Commissioner Karachi office has directed superintendent engineer works and services department, Sindh to ensure the completion of remaining 7 kilometers of link road (Southern Bypass) connecting national highway with M9 motorway within ongoing fiscal year

Published 05 Dec, 2019 12:00am

SC seeks details of inmates from KP's seven internment centres

The Supreme Court on Wednesday sought the details of inmates at seven internment centers in Khyber Pakhtunkhwa.

Published 05 Dec, 2019 12:00am

Business & Economy

Shallwani for investment in civic utilities orgs

Commissioner of Karachi Iftikhar Ali Shallwani while speaking at a meeting of Korangi Association of Trade & Industry (KATI) said that there is an urgent need to invest in basic civic utilities such as water supply and sewerage, transportation and solid w

Published 05 Dec, 2019 12:00am

French envoy terms child labour 'a crime'

In an awareness campaign against child labour, arranged by Embassy of France, French Ambassador Marc Barety has said that child labour is a crime and unless and until the people are made aware of this crime as well as its consequences, it would be difficu

Published 05 Dec, 2019 12:00am

Hamid Khan issues strongly-worded response to PTI's show-cause

In a strongly-worded response to a show-cause notice issued to him by Pakistan Tehreek-e-Insaf (PTI), Hamid Khan on Wednesday warned that he would do everything possible within the limits of the law and the constitution to "protect and defend" his party m

Published 05 Dec, 2019 12:00am

Business & Economy

FCCI team returns from Saudi Arabia

An advance party from Saudi Arabia is arriving here in Faisalabad during January 2020 to complete the spade work for a full fledge visit of trade delegation from Saudi Arabia, said Rana Sikandar-e-Azam Khan, President Faisalabad Chamber of Commerce & Indu

Published 05 Dec, 2019 12:00am

Substandard products: SEPA closes down edible oil factory

Sindh Environmental Protection Agency (SEPA) has closed down an edible oil factory which was 'illegally' extracting oil from various residue parts of slaughtered animals near Cattle Colony in Port Qasim.

Published 05 Dec, 2019 12:00am

Business & Economy

18th August, 2018 to 30th September, 2019: PTI government obtains $10.37 billion debt

A total of $10.37 billion debt was obtained by Pakistan Tehreek-e-Insaf (PTI) government from various countries and international organisations from 18th August 2018 to 30th September 2019.

Published 05 Dec, 2019 12:00am

Money & Banking

UBL hosts B2B seminar for CPEC delegation

UBL has been a leading supporter of both Pakistan and China's strategic economic interests under the CPEC initiative. In this regard, UBL hosted a B2B Seminar in Lahore on 26th Nov 2019, for the IGEA (International Green Economy Association) delegation fr

Published 05 Dec, 2019 12:00am

Business & Economy

Hyundai Nishat Motor starts booking of Porter H-100 Pickup

Bookings for this highly anticipated local assembled Hyundai Porter H-100 would open from December 2019, through its nationwide Dealership network and deliveries would start from January 2020. The introductory launch price of Hyundai Porter H-100 will be

Published 05 Dec, 2019 12:00am

Business & Economy

Cement dispatches post 2.91 percent growth in five months

The domestic cement dispatches in the first five months of this fiscal reached 16.854 million tons posting a positive growth of 2.91 percent while exports reached 3.608 million tons depicting a growth of 21.46 percent. Overall cement dispatches grew by 5.

Published 05 Dec, 2019 12:00am

Business & Economy

GSP Plus status: Over 25 EU members to support extension

Over 25 members of European Parliament (EP) including Vice President European Parliament Fabio Massimo and Chairman Foreign Affairs David Macallister EP member from Germany have announced to support Pakistan on the matter regarding extension in GSP Plus s

Published 05 Dec, 2019 12:00am

Business & Economy

New price control mechanism evolved in Punjab

On the direction of Chief Secretary Punjab Azam Suleman Khan, a new price control mechanism has been evolved to effectively monitor prices as well as demand and supply of essential commodities in the province.

Published 05 Dec, 2019 12:00am

Imran-NAB alliance freezes my assets: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif in his message from London said that his assets were frozen due to an alliance between Prime Minister Imran Khan and the National Accountability Bureau (NAB).

Published 05 Dec, 2019 12:00am

Business & Economy

Quaid-e-Azam Business Park to be developed at M2

Punjab Industrial Estates Development & management Company (PIEDMC) has finalized a strategy to launch Quaid-e-Azam Business Park situated close to M2-Lahore-Islamabad Motorway within next three months.

Published 05 Dec, 2019 12:00am

Samina Baig gets standing ovation at AdAsia

Participants of AdAsia 2019 extended a standing ovation to Pakistani mountaineer Samina Khayal Baig on the second day of the gathering at Alhamra Art Council on Wednesday.

Published 05 Dec, 2019 12:00am

Buzdar orders crackdown against hoarders, profiteers

The Punjab Chief Minister Sardar Usman Buzdar, while directing crackdown against hoarders and illegal profiteers, said that such elements deserve no leniency and jail is the best place for them.

Published 05 Dec, 2019 12:00am

Punjab launches first-ever 'Special Education Policy'

Government of Punjab launched the Special Education Policy to ensure People with Disabilities (PwDs) in Punjab can start the next decade with a more welcoming, inclusive and improved education system that meets their needs.

Published 05 Dec, 2019 12:00am

Articles

Partly Facetious: The DD years!

"Remember the DD years."

Updated 05 Dec, 2019 09:00am

Sea phase of International Exercise Barracuda-X held

Sea phase of International Exercise Barracuda-X was held at sea, on Wednesday. Director General Pakistan Maritime Security Agency Rear Admiral Zaka Ur Rehman graced the occasion as Chief Guest and witnessed the sea phase of the exercise onboard Pakistan M

Published 05 Dec, 2019 12:00am

Sindh government to construct, carpet 19 roads in SITE Karachi: secy

"The Sindh Government has shown willingness for the construction and carpeting of 19 roads of SITE Karachi. The work will be done by SITE Limited." This was disclosed by Secretary Industries Sindh, Dr Nasim-ul-Ghani Sahito.

Published 05 Dec, 2019 12:00am

Brief Recordings

Roshan Packages Limited

Roshan Packages Limited (PSX: RPL) is a venture of the Roshan Group. The latter commenced its operations with the introduction of widely read 'Urdu digest' in 1959. In 1989, it expanded into the fruit industry, later exporting as well. The pursuit of qual

Published 05 Dec, 2019 12:00am

Google bans political ads in Singapore

Google has banned political ads in Singapore ahead of elections, an opposition party said Wednesday, sparking accusations the tech giant was "kowtowing" to the tightly-controlled city's government.

Published 05 Dec, 2019 12:00am

Trump committed impeachable crimes, scholars tell Congress

Three constitutional experts on Wednesday bolstered Democrats' efforts to impeach Donald Trump by saying the president's actions seeking foreign interference in US elections are grounds for removal, as the inquiry kicked into a new phase in Congress.

Published 05 Dec, 2019 12:00am

Germany kicks out Russian diplomats over Berlin murder

Germany expelled two Russian diplomats on Wednesday after prosecutors said Moscow could be behind the killing of a former Chechen rebel commander in a Berlin park.

Published 05 Dec, 2019 12:00am

China gifts El Salvador stadium, library after Taiwan switch

China has agreed to pay for a new national stadium and library in El Salvador as part of an infrastructure package promised to the country after it switched allegiance from Taiwan to Beijing.

Published 05 Dec, 2019 12:00am

Bosnia to control airspace in first since independence

Bosnia will take full control of its civilian airspace for the first time since its 1990s war after midnight on Thursday, authorities announced, hailing a "new chapter" for the Balkan country.

Published 05 Dec, 2019 12:00am

N Korea warns Trump it will use 'corresponding' force if attacked

North Korea on Wednesday warned that if the United States used military force against Pyongyang it would take "prompt corresponding actions at any level", in response to comments by US President Donald Trump. Denuclearisation negotiations between Pyongyan

Published 05 Dec, 2019 12:00am

US exchanges ambassadors with Sudan after two decades

The United States said Wednesday it would name an ambassador to Sudan for the first time in 23 years as it welcomed the country's new reformist civilian leader.

Published 05 Dec, 2019 12:00am

UN launches $29bn emergency funding appeal

The UN launched a humanitarian appeal for nearly $29 billion on Wednesday as climate change and increasingly protracted conflicts put tens of millions of people in urgent need of aid.

Published 05 Dec, 2019 12:00am

French chef dies aged 84

French chef Andre Daguin, credited with inventing the magret de canard dish emblematic of southwestern France and making the rich duck delicacy famous worldwide, has died aged 84, his family told AFP. He died peacefully on Tuesday at his home in Auch, nea

Published 05 Dec, 2019 12:00am

US to restart Taliban talks after Trump green light

The US negotiator on Afghanistan will shortly resume talks with the Taliban, officials said Wednesday, three months after President Donald Trump abruptly halted diplomatic efforts that could end America's longest war.

Published 05 Dec, 2019 12:00am

'Brain dead' NATO's summit dominated by leaders' feuds

The leaders of the world's most powerful military alliance clashed over personality and policy on Wednesday as NATO's summit ended with an effort to paper over their sharp divisions.

Published 05 Dec, 2019 12:00am

Commodities

CBOT corn futures mixed

Chicago Board of Trade corn futures closed mixed on Tuesday, with the nearby March contract setting back from its highest level in nearly a month on a mild round of profit taking, traders said. Deferred contracts were slightly higher.

Published 05 Dec, 2019 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,258.

Published 05 Dec, 2019 12:00am

Energy

Asia's naphtha extends losses, gasoline slips

Asia's naphtha crack slipped further away from recent highs on Tuesday but remained supported by tight arbitrage supplies and demand for gasoline blending, trade sources said.

Published 05 Dec, 2019 12:00am

Commodities

Brazil likely to plant largest corn area in 2019-20

Brazilian farmers are expected to plant more than 18 million hectares of corn in the 2019/20 season, a 3.5% rise from the previous cycle and the largest area on record, according to a Reuters poll.

Published 05 Dec, 2019 12:00am

Commodities

European wheat futures fall as Chicago prices down

European wheat futures in Paris fell on Tuesday, following Chicago prices down, as both markets retreated from multi-month highs while Paris was also pressured by the success of Russian wheat in Egypt's latest purchase tender.

Published 05 Dec, 2019 12:00am

Energy

US natural gas futures jump on colder weather

US natural gas futures rose on Tuesday, posting their biggest daily percentage gain in more than a month on forecasts for a cold spell by mid-December that could boost heating demand.

Published 05 Dec, 2019 12:00am

Commodities

China's iron ore futures rise as Vale lowers output

China's iron ore futures rose on Tuesday after Vale SA, the world's largest iron ore miner, lowered its production outlook for the steelmaking raw material.

Published 05 Dec, 2019 12:00am

Business & Economy

Activities at Karachi Port and Port Qasim

The Karachi Port handled 135,756 tonnes of cargo comprising 99,504 tonnes of import cargo and 36,252 tonnes of export cargo including 6,412 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.

Published 05 Dec, 2019 12:00am

Cotton & Textile

Cotton market: Prices raised by ginners after PCGA data

The ginners have started raising asking prices after the Pakistan Cotton Ginners Association (PCGA) fortnightly data, showing further decline in phutti arrivals, dealers said on the cotton market here on Wednesday.

Published 05 Dec, 2019 12:00am

Commodities

Canadian canola futures edge higher

ICE Canadian canola futures edged higher on Tuesday, lifted by strength in vegetable oil markets and a weaker Canadian dollar.

Published 05 Dec, 2019 12:00am

Commodities

CBOT wheat futures fall

Chicago Board of Trade soft red winter wheat futures fell 1.8 percent on Tuesday, with traders noting profit-taking following the most-active contract's run-up to a six-month high on Friday.

Published 05 Dec, 2019 12:00am

Money & Banking

Safe-havens gain, dollar weakens in Asia

The yen and Swiss franc held gains against the dollar on Wednesday as appetite for safe-havens spiked after US President Donald Trump warned a trade deal with China might not be in place until after the 2020 US presidential election.

Published 05 Dec, 2019 12:00am

Money & Banking

Dollar broadly down in European trade

The dollar traded near one-month lows on Wednesday as markets remained jittery about the progress of Sino-US trade talks and waited for US data that could show whether the prolonged trade spat is starting to damage consumption in the United States.

Published 05 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar falls to one-month low

The dollar fell to a one-month low on Wednesday, undermined by weaker-than-expected US private sector job growth data that followed soft manufacturing numbers earlier in the week that fueled worries the world's largest economy could slip into recession.

Published 05 Dec, 2019 12:00am

Money & Banking

Yen, Swiss franc rise in NY

The safe-haven yen and Swiss franc rallied against the dollar on Tuesday as risk appetite eased after US President Donald Trump said a trade deal with China might have to wait until after the 2020 US presidential election.

Published 05 Dec, 2019 12:00am

Money & Banking

S Africa's rand rises

South Africa's rand clawed back some lost ground on Wednesday with renewed optimism that China and the United States would strike a trade deal outweighing a surprise third-quarter contraction in the local economy.

Published 05 Dec, 2019 12:00am

Money & Banking

Asian currencies fall on fears of trade war dragging on

Most Asian currencies weakened on Wednesday, with the South Korean won falling the most, as comments from US President Donald Trump dashed bets of a speedy resolution to Washington's drawn-out trade war with Beijing.

Published 05 Dec, 2019 12:00am

Money & Banking

Sterling jumps above $1.31 to 7-month high

Sterling surged above $1.31 and hit its highest level in about 2-1/2 years against the euro on Wednesday, lifted by growing expectations that Britain will avoid a hung parliament after next week's election and a broader pullback in the US dollar.

Published 05 Dec, 2019 12:00am

Money & Banking

Australian dollar slips, New Zealand dollar up

The Australian dollar slipped from three-week highs on Wednesday after disappointing domestic data underlined expectations for additional rate cuts and offset more upbeat economic news from China.

Published 05 Dec, 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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