News Archives for Print - 2019-12-10

Print - 2019-12-10

Six Discos: Irregularities/lapses of Rs 390 billion detected

The Auditor General of Pakistan (AGP) has unearthed lapses /irregularities of around Rs 390 billion in achievements of Nepra targets by six power distribution companies due to poor recovery of electricity bills, less revenue recovery, unjustified distribu

Published 10 Dec, 2019 12:00am

Charitable bodies: Rationalization of exemptions recommended

The Auditor General of Pakistan (AGP) has strongly recommended rationalization of exemptions granted to charitable organizations and withdrawal of income tax exemptions granted under Second Schedule (Exemption Schedule) of the Income Tax Ordinance 2001, s

Published 10 Dec, 2019 12:00am

AGP tells FBR to beef up WEBOC system

The Auditor General of Pakistan (AGP) has cautioned the Federal Board of Revenue (FBR) to immediately upgrade software and hardware of customs imports clearances on an emergency basis to avert any untoward incident of system failure of Web-Based One-Custo

Published 10 Dec, 2019 12:00am

FATF challenge: Citi Pakistan CEO sees no blacklisting prospects

Terming the Pakistan's economic prospect 'positive', Citibank Pakistan Monday said that the country will 'remain' on the grey list of FATF next year, however, there is no blacklisting probability.

Published 10 Dec, 2019 12:00am

FBR issues warning to UAE

Federal Board of Revenue (FBR) has requested Ministry of Finance of the United Arab Emirates (UAE) to provide information of all those Pakistanis who have sought the UAE Iqama (work permit) under Residence by Investment (RBI) schemes; otherwise, FBR may t

Published 10 Dec, 2019 12:00am

Removal of Maryam's name from ECL: Government given 7 days to decide matter

A division bench of the Lahore High Court on Monday directed the federal government to decide the matter of removal of the name of PML-N Vice President Maryam Nawaz from Exit Control List (ECL) within seven days in accordance with law. The bench also issu

Published 10 Dec, 2019 12:00am

PM launches anti-corruption mobile 'app'

Prime Minister Imran Khan on Monday launched anti-corruption mobile 'app' and urged the nation to participate in the government's campaign against corruption because it is essential for survival of the country and making the nation great by achieving econ

Published 10 Dec, 2019 12:00am

BRT, Malam Jabba Ski Resort cases: There's no govt interference, claims NAB chief

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal on Monday said that references with respect to Peshawar Bus Rapid Transit (BRT) and Malam Jabba Ski Resort cases are ready but the bureau is only waiting for vacation of stay orders.

Published 10 Dec, 2019 12:00am

Stocks

PSX undergoes correction: BRIndex100 tumbles

Investors opted to book profit that forced the Pakistan Stock Exchange to close on a negative note on the first day of the week.

Published 10 Dec, 2019 12:00am

Paul Volcker dies

Former US Federal Reserve chairman Paul Volcker, who tackled American inflation in the 1970s and 80s and later lent his name to landmark Wall Street reforms, has died in New York.

Published 10 Dec, 2019 12:00am

Issuance of domestic Ijara Sukuk likely to be approved by Cabinet

The federal cabinet which is scheduled to meet on Tuesday (today) with Prime Minister Imran Khan in the chair is expected to approve issuance of domestic Ijara Sukuk against 1510 acre unencumbered land of Jinnah International Airport, Karachi.

Published 10 Dec, 2019 12:00am

PM seems upbeat about growth prospects

Expressing his optimism about country's economic growth prospects, Prime Minister Imran Khan on Monday said that as economy is now stabilizing, the government's priority would be to increase allocation and spending on education and higher education.

Published 10 Dec, 2019 12:00am

US seals demise of WTO appeals bench

The fate of the World Trade Organization's top court was effectively sealed on Monday after the United States said it would not back a proposal to allow it to continue, trade officials said.

Published 10 Dec, 2019 12:00am

CEC's appointment, amendment to Army Act: PML-N says will stay away from negotiations

Pakistan Muslim League-Nawaz (PML-N) stalwart Khawaja Asif on Monday announced not to be part of the ongoing negotiations with the government over the appointment of chief election commissioner and the legislation with respect to amendment in the Army Act

Published 10 Dec, 2019 12:00am

Istanbul conference: Qureshi boycotts Indian minister's speech

Foreign Minister Shah Mehmood Qureshi, who is visiting Turkey to attend Heart of Asia conference, boycotted the speech of Indian delegate, and walked out of the conference.

Published 10 Dec, 2019 12:00am

Eight projects worth Rs31.44bn approved by CDWP

Central Development Working Party (CDWP) has approved as many as eight development projects at cost of Rs 31.44 billion and recommended three projects valued at Rs 40.22 billion to Executive Committee of National Economic Council (ECNEC) for consideration

Published 10 Dec, 2019 12:00am

Russia banned from Olympics, soccer World Cup for doctoring dope tests

Russia was banned from the world's top sporting events for four years on Monday, including the next summer and winter Olympics and the 2022 soccer World Cup, for tampering with doping tests.

Published 10 Dec, 2019 12:00am

PSM BoD to meet today to approve name of CEO

Pakistan Steel Mills (PSM) Board is to meet on Tuesday (today) to finalize the name of Chief Executive Officer (CEO) and approve annual audited accounts of the "sick" entity, Director's report for the year ending on June 30, 2018 and appointment of audito

Published 10 Dec, 2019 12:00am

Protests over Indian nationality bill

India's parliament saw raucous scenes on Monday and protests raged in the north-east of the country as MPs debated legislation that stands to give citizenship to religious minorities from neighbouring countries, but not Muslims.

Published 10 Dec, 2019 12:00am

Letters

Non-duty paid items

It is heartening to note that Federal Board of Revenue (FBR) is planning to launch a scheme on national level to provide an opportunity to the owners of smuggled goods to legalise non-duty paid items through payment of duties/taxes and fine/default surcha

Updated 10 Dec, 2019 04:52am

Articles

Stakes are global as Africa faces 'climate dilemma'

Choices made today on how to grow Africa's economies will determine not only if the continent prospers but if global warming can be tamed, diplomats and experts told AFP at UN climate talks in Madrid.

Updated 10 Dec, 2019 05:51am

Articles

Hot money - the giant killer

Over the years, persistent low investment rate is a worrying sign for Pakistan, and it has become challenging to compete with the emerging and developing economies, which are growing with much faster pace, making it an uphill task for the country. Structu

Updated 10 Dec, 2019 05:34am

Articles

Rising poverty

The measurement of the number of poor in Pakistan has relied on different approaches. The most commonly used method is to derive a poverty line and determine the extent to which the per capita consumption expenditure of a family falls below this poverty l

Updated 10 Dec, 2019 05:24am

Lahore Darul Aman scandal

Lahore Darul Aman (Kashana) shelter home for women in trouble has recently been rocked by its Superintendent Afshan Latif's expose of the sexual exploitation of girls and young women at the hands of the Punjab government's political high-ups and bureaucra

Updated 10 Dec, 2019 07:12am

Rise in inflation

It is indeed distressing to see that the rate of inflation in the country continues to be at an elevated level. According to the latest data released by the Pakistan Bureau of Statistics (PBS), the Consumer Price Index (CPI) in November, 2019 was higher b

Updated 10 Dec, 2019 07:12am

Navy celebrates 48th HANGOR day at PMM

A graceful ceremony was organized by Pakistan Navy at Pakistan Maritime Museum to commemorate 48th HANGOR day and to pay homage to our heroes. Every year, 9th December is celebrated in Pakistan Navy as HANGOR Day to commemorate the historic event of sinki

Published 10 Dec, 2019 12:00am

Mayor highlights plight of persons with disabilities

Mayor Karachi Wasim Akhtar on Monday said the legislations to protect rights of persons with disabilities are minimal and their implementations are weak in the country.

Published 10 Dec, 2019 12:00am

SEPA seizes huge amount of hazardous waste in Sukkur

Sindh Environmental Protection Agency (SEPA) on Monday claimed to have seized hazardous waste in huge quantity which was illegally stored in a warehouse in Site area of Sukkur city.

Published 10 Dec, 2019 12:00am

IT & Computers

GE Power hosts Pakistan 9HA Tech conference

GE Power hosted the Pakistan 9HA Tech Conference in the federal capital welcoming the government officials, industry experts, power plant owners and operators, consultants, and others.

Published 10 Dec, 2019 12:00am

Fake bank accounts: NAB files reference against two ex-Sindh Bank presidents and others

The National Accountability Bureau (NAB) on Monday filed another reference before the Accountability Court in connection with multibillion rupees fake bank accounts case against two former presidents of Sindh Bank and 18 other accused for their alleged in

Published 10 Dec, 2019 12:00am

PML-N's Marriyum launches scathing attack on PM

PML-N Secretary Information Marriyum Aurangzeb has told Imran Khan that leveling baseless accusations without proof and sermons on anti-corruption won't save his skin and his office.

Published 10 Dec, 2019 12:00am

Foreign funding case: ECP likely to go ahead with proceedings

The Election Commission of Pakistan (ECP) is likely to go ahead with the proceedings of the foreign funding case related to three major political parties, Pakistan Tehreek-e-Insaf (PTI), Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP

Published 10 Dec, 2019 12:00am

Firdous says clash of two ideologies 'continuing'

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said on Monday that those, who wanted to "minus" Prime Minister Imran Khan from the political scene, were themselves being minus.

Published 10 Dec, 2019 12:00am

Fake bank accounts case: Physical remand of Haroon extended till 12th

The Accountability Court hearing the multibillion rupees fake bank accounts case on Monday extended physical remand of Ijaz Haroon, former managing director Pakistan International Airlines (PIA) and chairman Overseas Cooperative Society (OCS), for another

Published 10 Dec, 2019 12:00am

PBC concerned at 'ouster' of CJ of AJ&K

Vice-Chairman Pakistan Bar Council Amjad Shah has expressed serious concern on purportedly unconstitutional "ouster" of Chief Justice of Azad Jammu and Kashmir (AJK) High Court Tabassum Aftab Alvi.

Published 10 Dec, 2019 12:00am

International Human Rights Day today

The Punjab Human Rights and Minority Affairs Department has formally kicked off two-day celebration on the occasion of International Human Rights Day, which will be marked today (December 10).

Published 10 Dec, 2019 12:00am

Senate body for shifting Zardari's cases to Karachi

The Senate Standing Committee on Interior on Monday passed a unanimous resolution seeking shifting of former president Asif Ali Zardari's cases from Islamabad to Karachi.

Published 10 Dec, 2019 12:00am

Zardari must be shifted to Karachi: Bilawal

Chairman Pakistan People's Party Bilawal Bhutto-Zardari has said that he hopes that former president and his father Asif Ali Zardari would get justice on December 11, the day the Islamabad High Court would take up Zardari's bail plea filed on medical grou

Published 10 Dec, 2019 12:00am

Business & Economy

PIA flight put on hold at Kabul Airport

PIA flight PK 250 for the sector Kabul-Islamabad was kept on hold and delayed due to runway maintenance at Kabul Airport. PIA spokesman said that due to obstruction at the start of the runway, full length of take-off was not available. The authorities ins

Published 10 Dec, 2019 12:00am

Cabinet decides: Sindh fixes sugarcane price at Rs 192/40kg

Sindh Minister for Information, Archives and Labour Saeed Ghani said on Monday that the Cabinet after detailed discussion fixed the price of sugarcane at Rs 192/40kg. He said that Agriculture Minister Mohammad Ismail Rahu and Secretary of Agriculture Depa

Published 10 Dec, 2019 12:00am

Gold price falls

Gold trading on Monday was closed for Rs84400 per tola with Rs100 fall on the local market, according to traders. The world market traded gold for US$1464 with US$4 an ounce increase that pulled down the yellow metal to Rs72359 per 10 grams on the local m

Published 10 Dec, 2019 12:00am

ARENA celebrates International Children Day

ARENA multimedia celebrated International Children Day recently, at Dar-ul-Sukoon Karachi by arranging a gathering for differently able children in order to make them feel cared. Students of ARENA multimedia visited and distributed gifts among special chi

Published 10 Dec, 2019 12:00am

Corruption and climate crisis: TI Pakistan to create awareness about linkages: chairman

Chairman TI Pakistan, Sohail Muzaffar has said that this year TI Pakistan also aimed to create awareness of linkages between corruption and the climate crisis.

Published 10 Dec, 2019 12:00am

'China cutting' case: SHC allows bails of KDA deputy director, others

Sindh High Court (SHC) Monday approved the bails of Syed Altaf Hussain, Deputy Director Karachi Development Authority (KDA) and three other accused in 'China cutting' case in KDA Scheme 36.

Published 10 Dec, 2019 12:00am

MQM-P demands CJP take notice of 'unjust' Karachi's census

Dr Khalid Maqbool Siddiqui, Convener Muttahida Qaumi Movement-Pakistan (MQM-P) Monday said that population of urban centers of Sindh particularly Karachi was shown lower than its actual number in the last census and described it a criminal act under the i

Published 10 Dec, 2019 12:00am

Taxes

Annexure H of sales tax return: FBR urged to abolish 120-day deadline

Karachi Tax Bar Association (KTBA) has strongly urged the Federal Board of Revenue (FBR) to abolish the prescribed deadline of 120 days for filing Annexure H of the Sales Tax return for expeditious processing of refund claims by manufacturers-cum-exporter

Published 10 Dec, 2019 12:00am

Business & Economy

Italy announces Rs 1.2 billion soft loan for KP's archaeology department

Italian government has announced Rs1.2 billion soft loan for the development of Archaeology Department of Khyber Pakhtunkhwa and promotion of religious tourism in the region. Italian Ambassador Stefano pontecorvo said this during a meeting with KP Senior

Published 10 Dec, 2019 12:00am

Multi-party moot on 'Fata mainstreaming' held

Politicians, intellectuals and members of the civil society on Monday expressed concern over the non-implementation of political, economic and administrative reforms in the merged districts in the last 18 months. They were speaking at the Multi-Party Conf

Published 10 Dec, 2019 12:00am

Human rights diplomacy: Speakers for moving beyond 'traditional' approach

Speakers at a seminar have stressed the need for moving beyond a traditional approach to human rights diplomacy that focuses narrowly on inter-state relations. Speaking at the seminar titled "Human Rights Diplomacy," organized by Ministry of Human Rights;

Published 10 Dec, 2019 12:00am

1163 awarded degrees at 16th Convocation of SZABIST

The 16th Annual Convocation of the Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) Karachi was held on 8th December 2019 at the Expo Centre. Chief Guest of the occasion was Saleem Mandviwalla (Deputy Chairman, Senate of Pakistan)

Published 10 Dec, 2019 12:00am

Business & Economy

Pakistan Cables launches 'Shabash Ustaad' for Loyalty Club members

Pakistan Cables announced the launch of an experience based program, 'Shahbash Ustaad' for its Loyalty Club members recently. 'Shahbash Ustaad' is developed to recognize the efforts of top performing electricians, who work diligently and support the compa

Published 10 Dec, 2019 12:00am

Money & Banking

Chinese team inks strategic cooperation agreement at NBP

A Chinese delegation headed by President of Pakistan Friendship Association of China and Honorary Chairman of the International Green Economy Association, visited National Bank of Pakistan and signed a Strategic Cooperation Agreement for provision of bank

Published 10 Dec, 2019 12:00am

Telecommunication

Telenor Pakistan organises Digital Distribution Summit 2019

To showcase its strengthening digital distribution capabilities, country's leading cellular services provider, Telenor Pakistan, organized Digital Distribution Summit 2019 at its Islamabad headquarters 345.

Published 10 Dec, 2019 12:00am

Child abuse: 'Policy of appeasement' must be abolished: parliamentary panel

A parliamentary panel on Monday took serious notice of the latest episode of child abuse involving an employee of the Khyber Pakhtunkhwa government Sohail Ayaz, and recommended that policy of appeasement while dealing with such cases must be abolished com

Published 10 Dec, 2019 12:00am

Cotton & Textile

Release of DLTL: Non-textile sector complains of step motherly treatment

The country's non-textile sector is said to be annoyed with the Commerce Adviser Abdul Razak Dawood for his step motherly treatment in release of Drawback of Local Taxes and Levies (DLTL).

Published 10 Dec, 2019 12:00am

Punjab minister setps up criticism of opposition

Provincial Information Minister Fayyaz-ul-Hassan Chohan while expressing his views on International Anti-Corruption Day has said that he congratulates Pakistani nation for getting rid of corrupt rulers. PTI has laid the foundation of eradicating corrupt e

Published 10 Dec, 2019 12:00am

Talented students true assets of nation: Afridi

Young talented students getting contemporary education in the renowned seats of higher education like Ghulam Ishaq Khan Institute (GIKI) are the true assets of Pakistani nation and the future certainly belongs to them.

Published 10 Dec, 2019 12:00am

35th SAARC Charter Day marked: There's need to respond to challenges: Mahmood

Foreign Secretary Sohail Mahmood on Monday underscored the need for a paradigm shift to respond to the challenges faced by the South Asian Association for Regional Cooperation (SAARC) member states such as poverty, illiteracy, disease, climate change, sta

Published 10 Dec, 2019 12:00am

Punjab cabinet meets today

The Punjab chief minister Sardar Usman Buzdar has called cabinet meeting today (Tuesday) at 11-00 a.m. at the committee room of CM Office to ponder over 25-points agenda.

Published 10 Dec, 2019 12:00am

Effective monitoring of anti-polio drives planned

On the direction of Punjab Chief Minister Sardar Usman Buzdar, the meeting of provincial taskforce for the eradication of polio was held at CM Office on Monday, in which it was decided to continue anti-polio efforts along with effective monitoring of anti

Published 10 Dec, 2019 12:00am

'Imran will remain prime minister till 2023': Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that opposition must be mindful of the fact that Imran Khan is the Prime Minister till year 2023.

Published 10 Dec, 2019 12:00am

Punjab government urged to restore Environment Council

The Environment Protection Department (EPD) Punjab has written to the Punjab government for restoration of Environment Council in order to tackle the environmental issues including smog by the province.

Published 10 Dec, 2019 12:00am

Money & Banking

SBP urged to adopt 'drastic' pro-export policies

The President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Asharaf Malik has urged the State Bank of Pakistan (SBP) to adopt "drastic" policies to facilitate the export sector of the country. This he stated in a video link communication with G

Published 10 Dec, 2019 12:00am

Business & Economy

PIAF underscores need for improving economic indicators

Pakistan Industrial and Traders Association Front (PIAF) has welcomed Pakistan's outlook up-gradation to stable from negative by Moody's, calling for improving economic indicators so that the local investors along with the world's leading financial instit

Published 10 Dec, 2019 12:00am

Business & Economy

Meeting 50 million jobs' target: PCJCCI urges government to fuel growth of manufacturing sector

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has urged the government to encourage rapid growth of manufacturing sector for meeting target of 50 million jobs to youth of the country.

Published 10 Dec, 2019 12:00am

FIA terms sexually explicit videos fake

After examining the veracity of sexually explicit pictures and video of a girl apparently resembling TV anchor Fatima Sohail, the cyber crime wing of the Federal Investigation Agency (FIA) Lahore has termed these videos fake and recommended the Pakistan T

Published 10 Dec, 2019 12:00am

Articles

Partly Facetious ; We're learning some lessons

"Hey I heard that someone played a number on Parveen Rashid!"

Updated 10 Dec, 2019 04:45am

Parliamentary secretary seeks to justify increase in drug prices

The National Assembly was informed on Monday that the government increased retail prices of medicines determined under hardship category by nine percent while prices of other drugs were raised by 15 percent over and above the existing maximum retail price

Published 10 Dec, 2019 12:00am

ICAP, Unilever holding National Finance Olympiad on 12th

Institute of Chartered Accountants of Pakistan (ICAP), in collaboration with Unilever Pakistan, is organizing National Finance Olympiad (NFO) for the fifth consecutive year.

Published 10 Dec, 2019 12:00am

Money & Banking

Askari Bank, UnionPay Int'l enter pact

Askari Bank Limited (AKBL) and UnionPay International (UPI) have entered into an agreement to convert AKBL existing mag stripe cards to UnionPay QuickPass (NFC) and EMV Chip Cards in Pakistan.

Published 10 Dec, 2019 12:00am

Business & Economy

CPFTA amendment: Protocol takes effect from Dec 1: MoC

The Commerce Ministry Monday announced that the protocol to amend the China-Pakistan Free Trade Agreement (CPFTA) has entered into force from December 1, 2019.

Published 10 Dec, 2019 12:00am

Money & Banking

6th rights issue pushes up BIP paid-up capital to Rs11bn

BankIslami Pakistan Limited has successfully completed its 6th rights issue of Rs1 billion recently to increase its paid-up capital to Rs.11 billion.

Published 10 Dec, 2019 12:00am

Shahbaz carried out Rs7bn money laundering thru 'paper' company: Akbar

Special Assistant to Prime Minister on Accountability Shahzad Akbar has alleged that former Punjab Chief Minister Shehbaz Sharif conducted Rs 7 billion money laundering though Good Nature Company, a paper company.

Published 10 Dec, 2019 12:00am

2016-17 and 2017-18: Irregularities unearthed in PM's global development plan

The Auditor General of Pakistan (AGP) has unearthed irregularities of billions of rupees in the Prime Minister's Global Sustainable Development Goals Achievement Programme for the financial years 2016-17 and 2017-18, a time period when Pakistan Muslim Lea

Published 10 Dec, 2019 12:00am

Civil Aviation Authority: AGP detects cases of malpractice, malfeasance in commercial activities

The Auditor General of Pakistan (AGP) has detected around Rs12,130.669 million non-transparent spending, losses and misappropriations in commercial activities of airports maintained by Civil Aviation Authority (CAA).

Published 10 Dec, 2019 12:00am

Government signs $1.3 billion loan agreement with ADB

The government of Pakistan on Monday signed a loan agreement worth $1.3 billion with the Asian Development Bank (ADB) for budgetary support and power sector reforms.

Published 10 Dec, 2019 12:00am

Brief Recordings

Packages Limited

Packages Limited (PSX: PKGS) came into existence in 1957 as a result of a joint venture between Ali group of Pakistan and Akerlund and Rausing of Sweden, converting paper and paperboard into packaging for its customers. Since then, it has constantly been

Updated 10 Dec, 2019 10:52am

Miss South Africa wins 2019 Miss Universe crown

Miss South Africa was crowned Miss Universe on Sunday in Atlanta after a lavish ceremony filled with glitter and heartfelt speeches about female empowerment.

Published 10 Dec, 2019 12:00am

Putin, Zelensky meet in Paris push to end Ukraine war

Russian leader Vladimir Putin on Monday met Ukranian counterpart Volodymyr Zelensky for the first time ever at a Paris summit aimed at agreeing measures to help end five years of conflict in the east of Ukraine.

Published 10 Dec, 2019 12:00am

Amazon alleges Trump abused power in huge Pentagon contract

Amazon is alleging that US President Donald Trump abused the power of his office to deny the company a massive military cloud computing contract, court documents released Monday showed.

Published 10 Dec, 2019 12:00am

4.5 magnitude earthquake hits Tuscany, no victims

A 4.5 magnitude earthquake hit the central Italian region of Mugello on Monday, sending panicked residents into the streets but causing minimal damage to buildings.

Published 10 Dec, 2019 12:00am

Luxembourg urges EU debate on Palestine recognition

Luxembourg on Monday asked for an EU-level debate on recognising Palestinian statehood, securing a promise that EU foreign ministers would "deeply discuss" the Middle East in January. In a note to the new EU diplomatic chief Josep Borrell, who took office

Published 10 Dec, 2019 12:00am

Eight still missing in NZ volcano eruption

Eight people were still missing after a volcanic eruption in New Zealand, with no indications they survived the explosion that has already left five dead, police said Tuesday.

Published 10 Dec, 2019 12:00am

NASA says core stage of next Moon rocket now ready

NASA has completed the giant rocket that will take US astronauts back to the Moon, the space agency's head announced Monday, pledging the mission would take place in 2024 despite being beset by delays.

Published 10 Dec, 2019 12:00am

US, Mexico agree to USMCA labor law guarantees

US and Mexican trade negotiators have reached a deal making changes to labor enforcement under a new continent-wide trade agreement, Fox Business reported Monday.

Published 10 Dec, 2019 12:00am

Rockets hit Iraq military complex housing US forces

Several rockets slammed into an Iraqi military complex that hosts US forces next to Baghdad International Airport on Monday, wounding six Iraqi troops, the military said.

Published 10 Dec, 2019 12:00am

'Old man' Trump is 'bluffing' says North Korea: KCNA

North Korea on Monday accused US President Trump of "bluffing" and called him "an old man bereft of patience" as Pyongyang ramps up pressure on Washington over stalled nuclear talks.

Published 10 Dec, 2019 12:00am

Work to begin on EU 'Magnitsky Act'

The EU on Monday agreed to start work on a sanctions framework to punish human rights abusers anywhere in the world, along the lines of the US Magnitsky Act.

Published 10 Dec, 2019 12:00am

Australians' faith in government hits record low

Australians have less trust in government than at any point on record and are more worried about climate change, according to a wide-ranging study of voter attitudes released Monday.

Published 10 Dec, 2019 12:00am

US officials painted 'rosy' picture of Afghanistan despite evidence

Senior US officials insisted that progress was being made in Afghanistan despite clear evidence the war there had become unwinnable, The Washington Post reported on Monday after obtaining thousands of US government documents on the conflict.

Published 10 Dec, 2019 12:00am

Money & Banking

Turkish lira weakens

Turkey's lira declined some 0.5% against the dollar on Monday, ahead of an expected rate cut from the central bank this week and as tensions fester over Ankara's purchase of Russian defence equipment and disputes in the eastern Mediterranean.

Published 10 Dec, 2019 12:00am

Money & Banking

Dollar bolstered by jobs data in Asia

The dollar held firm on Monday after data showed surprise strength in the US jobs market, but the currency was restrained from moving higher by worries about an escalation in the US-China trade war. The dollar index stood almost flat at 97.706 in mid-Asia

Published 10 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar slips against yen, Swiss franc

The dollar slipped against the safe-haven yen and Swiss franc on Monday as weak Chinese export data dented risk appetite and highlighted the economic damage from the 17-month-long trade war, while the pound rose on the latest polls ahead of this week's Br

Published 10 Dec, 2019 12:00am

Money & Banking

Dollar up against trade-sensitive units in Europe

The dollar firmed against trade-sensitive currencies on Monday with worries about US-China trade tensions resurfacing as a key deadline loomed large, while Britain's pound strengthened on the latest polls ahead of this week's election.

Published 10 Dec, 2019 12:00am

Money & Banking

South Africa's rand down

South Africa's rand weakened on Monday, pressed lower by weak Chinese export data that dented risk appetite and a fifth straight day of nationwide power cuts by utility Eskom as heavy rains and flooding caused failures at multiple power plants. At 1630 GM

Published 10 Dec, 2019 12:00am

Money & Banking

Most Asian currencies range-bound

Most Asian currencies remained range-bound on Monday, as investors awaited trade talk developments ahead of the scheduled implementation of new tariffs by the United States on Chinese imports. The United States is set to impose a new round of trade tariff

Published 10 Dec, 2019 12:00am

Money & Banking

Sri Lankan rupee steady

Sri Lankan rupee ended steady at 181.10/30 per dollar on Monday, Refinitiv data showed. It is up 0.8% so far this year. Foreign investors were sellers on Monday in the equity market for the 28th session out of the last 31.

Published 10 Dec, 2019 12:00am

Money & Banking

Forint underperforms

The Hungarian forint fell 0.3% versus the euro on Monday, giving back some of its early-December gains, as central Europe's worst-performing currency continued to seesaw between record lows and slightly stronger levels.

Published 10 Dec, 2019 12:00am

Money & Banking

Sterling climbs against dollar, euro

Sterling hit a seven-month high against the dollar and a 2-1/2 year peak versus the euro on Monday after fresh polls showed British Prime Minister Boris Johnson's Conservative Party has extended its lead in opinion polls before Thursday's election.

Published 10 Dec, 2019 12:00am

Money & Banking

Aussie, kiwi underpinned as speculators bail out of shorts

The Australian and New Zealand dollars clung to recent gains on Monday as speculators cut back their short positions, though upbeat US jobs data put a cap on further progress in the near term.

Published 10 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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