News Archives for Print - 2019-12-11

Print - 2019-12-11

Pompeo warns Russian FM against election interference

US Secretary of State Mike Pompeo said Tuesday he warned Russian Foreign Minister Sergei Lavrov of reprisals if Moscow interferes in next year's presidential election.

Published 11 Dec, 2019 12:00am

Ethiopia PM collects Nobel Peace Prize, urges unity against hatred

Ethiopian Prime Minister Abiy Ahmed collected the Nobel Peace Prize in Oslo on Tuesday, appealing for unity as ethnic violence flares in his country and reconciliation efforts with neighbouring former foe Eritrea have stalled.

Published 11 Dec, 2019 12:00am

Agriculture sector to be given Rs 100 billion subsidy

The federal cabinet has decided to provide Rs 100 billion subsidy to agriculture sector to ameliorate the sufferings of farmers, besides issuing directives for uninterrupted gas supply to domestic consumers in winter.

Published 11 Dec, 2019 12:00am

Stocks

PSX stages recovery: BRIndex100 edges up

Fresh buying in various sectors supported the Pakistan Stock Exchange to close on a positive note on Tuesday.

Published 11 Dec, 2019 12:00am

US blacklists Rao Anwar

The United States on Tuesday blacklisted former Malir senior superintendent of police (SSP) Rao Anwar for engaging in "serious human rights abuse" by carrying out alleged fake police 'encounters' in which scores of individuals including Waziristan native

Published 11 Dec, 2019 12:00am

WTO chief 'very hopeful' for 2020 deals after appeals body dies

The head of the World Trade Organi-zation said on Tuesday he was "very hopeful" that WTO members could conclude by mid-2020 talks on cutting fishing subsidies, seen by many as essential for the Geneva-based body to remain relevant, among other deals. Spea

Published 11 Dec, 2019 12:00am

US panel eyes sanctions for Amit Shah

A federal panel on religion has urged the United States to weigh sanctions against India's Home Minister Amit Shah if the south Asian nation adopts legislation to exclude Muslims from a path to citizenship for religious minorities from its neighbours.

Published 11 Dec, 2019 12:00am

Imran condemns passage of bill

Prime Minister Imran Khan on Tuesday strongly condemned the passing of Citizenship Amendment Bill by Indian Lok Sabha, saying the legislation was a violation of international human rights law and bilateral agreements with Pakistan.

Published 11 Dec, 2019 12:00am

Lok Sabha passes nationality bill

Protestors in northeast India set fire to tyres and cut down trees to block roads on Tuesday in a shutdown across the region hours after lawmakers approved the government's new citizenship bill. The legislation, set to go before the upper house on Wednesd

Published 11 Dec, 2019 12:00am

High treason case: LHC asks law officer to assist it on key point

The Lahore High Court on Tuesday directed law officer to assist the court on the point whether the act of former military ruler Gen. Pervez Musharaf (retd) to impose emergency on November 03, 2007 amounted to abrogation of Constitution. The court also ask

Published 11 Dec, 2019 12:00am

FBR arm issued refunds sans verification: AGP

The Auditor General of Pakistan (AGP) has expressed serious concern over the issuance of huge amount of sales tax refunds without verification under Federal Board of Revenue's Expeditious Refund System (ERS) by the Centralized Sales Tax Refund Office (CST

Published 11 Dec, 2019 12:00am

New York judge sides with Exxon Mobil in climate fraud case

A New York judge sided with Exxon Mobil on Tuesday in a closely-watched environmental case, concluding the oil giant did not mislead investors in its climate change disclosures.

Published 11 Dec, 2019 12:00am

Democrats unveil impeachment charges against Trump

Democrats in the House of Representatives announced formal charges against President Donald Trump on Tuesday that accuse him of abusing power and obstructing Congress, making him only the fourth US president in history to face impeachment.

Published 11 Dec, 2019 12:00am

Weekly SPI inflation down by 0.83pc

The Sensitive Price Index (SPI) based inflation for combined income group during the week ended on December 5, 2019 has witnessed a reduction of 0.83 percent against November 28, 2019 as it came down from 131.87 points to 130.77 points, said data released

Published 11 Dec, 2019 12:00am

Appointments of CEOs of EDB, PIDC; Notifications' issuance hamstrung by technical errors

Ministry of Industries and Production (MoI&P) has not yet issued notifications of the newly appointed Chief Executives of Engineering Development Board (EDB) and Pakistan Industrial Development Corporation (PIDC) due to some technical errors in the minute

Published 11 Dec, 2019 12:00am

Licence, relocation: SBP amends ECs Manual

The State Bank of Pakistan (SBP) has amended the Exchange Companies Manual to bring clarity in the instructions related to license renewal time period and documents required for relocations of outlets.

Published 11 Dec, 2019 12:00am

Chile military plane crashes near Antarctic with 38 on board

Chile's Air Force on Tuesday said one of its cargo planes had crashed with 38 people on board after going missing in an isolated area between South America and the Antarctic, with the chance of finding survivors looking "difficult".

Published 11 Dec, 2019 12:00am

Remittances remain flat in first five months

Inflows of home remittances were remained flat during the first five months of this fiscal year (FY20) as compared to corresponding period of last fiscal year (FY19).

Published 11 Dec, 2019 12:00am

Video scam: SC says its observations won't influence Nawaz's appeal before IHC

The Supreme Court has made it clear that its observations in the former Accountability Court Judge Mohammad Arshad Malik video scam will not influence ex-PM Nawaz Sharif's appeal in the Al-Azizia Mills case pending before the Islamabad High Court (IHC).

Published 11 Dec, 2019 12:00am

Mahathir pledges to step down for Anwar, but not before November

Malaysia's Mahathir Mohamad, the world's oldest prime minister, promised on Tuesday to hand over power to anointed successor Anwar Ibrahim in spite of new sexual assault allegations against him.

Published 11 Dec, 2019 12:00am

Sindh PA demands third-party audit of census

The Sindh Assembly on Tuesday passed a resolution unanimously to seek a third-party audit of the country's five percent of the last census blocks, asking the Sindh Government to approach Federal government in this regard.

Published 11 Dec, 2019 12:00am

Letters

'Rising poverty'

This is apropos a Business Recorder op-ed "Rising poverty" carried by the newspaper yesterday. The writer, Dr Hafiz A Pasha, in his conclusion, has argued that "The tragedy is that the incidence of poverty in Pakistan may be back to the level that

Updated 11 Dec, 2019 06:34am

Articles

Swiss central bank's $800bn could be enlisted in climate push

The Swiss central bank could be required to pull its $800 billion balance sheet out of investments in fossil fuel companies in a move by one of the world's biggest reserve banks to tackle climate change.

Updated 11 Dec, 2019 05:42am

Articles

FY19: FBR's dismal performance - II

Wholesale and retail trade sectors together paid Rs 48.2 billion: Large retail trade (Rs 7.9 billion), small retail trade (Rs 9.7 billion) and wholesale trade (Rs 25.1 billion).

Published 11 Dec, 2019 12:00am

Articles

Education challenge

It is time we declared education emergency in the country. In fact, we should have done this yesterday. An estimated 25 million of our schoolgoing children are out there on the streets or are already earning their keep for their families. Tragedy is, most

Updated 11 Dec, 2019 06:19am

US-Taliban talks

It looks as if peace may finally tiptoe to Afghanistan. The US and the Taliban have resumed talks in Doha "from where they broke off". Their talks came to an abrupt end last September when the two sides appeared to be on the verge of signing a deal that w

Updated 11 Dec, 2019 06:55am

Impediments to growth

Addressing the Institute of Business Administration, Advisor to the Prime Minister on Finance, Dr Hafeez Sheikh, identified three challenges to the economy that are impeding growth: human development, reaching world markets and proper government policymak

Updated 11 Dec, 2019 06:55am

Shahbaz's project being inaugurated by PTI: Marriyum

Reacting to electric run of Lahore's Orange Line Metro Train, Pakistan Muslim League-Nawaz (PML-N) Secretary Information Marriyum Aurangzeb said the incumbent government is stubbornly inaugurating Shahbaz Sharif's project. Marriyum Aurangzeb said Prime Mi

Published 11 Dec, 2019 12:00am

Business & Economy

Fauji Foundation, KEPCO KPS sign MoU

Fauji Foundation (FF) and KEPCO Plant Service & Engineering Co Ltd (KEPCO KPS) signed a Memorandum of Understanding (MoU) which will enable parties to provide O&M services as third party contractor in Pakistan and abroad.

Published 11 Dec, 2019 12:00am

Business & Economy

IMC CEO optimistic about auto industry's outlook

Ali Asghar Jamali, Chief Executive Officer Indus Motor Company (IMC) has said that although the slowdown in the auto sector has resulted in almost 60 percent drop in sales, yet the outlook for the coming quarter seems promising.

Published 11 Dec, 2019 12:00am

CG highlights US-Pak partnership in southern Sindh

A US Consulate Karachi team advanced the US relationship with the people of Pakistan during a trip (December 3 to 6) to southern Sindh.

Published 11 Dec, 2019 12:00am

Alleged misuse of authority: Ex-PM Gilani others to be indicted on December 13

The Accountability Court on Tuesday said that former prime minister Syed Yousaf Raza Gilani and others would be indicted on December 13 for alleged misuse of authority that caused a loss of Rs 128 million to national exchequer.

Published 11 Dec, 2019 12:00am

Khaqan accuses Qaiser of intentionally keeping jailed MPs away from NA

The jailed leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi on Tuesday left Speaker National Assembly Asad Qaisar red-faced for his alleged partisan approach in the house, accusing him of intentionally keeping the jailed MPs away from t

Published 11 Dec, 2019 12:00am

Cricket

Buzdar hails revival of international Test cricket

Punjab Chief Minister Sardar Usman Buzdar on Tuesday welcomed revival of international test cricket in Pakistan in the wake of the arrival of Sri Lankan cricket team. "We are thankful to Sri Lankan players and their management for coming to Pakistan to pl

Published 11 Dec, 2019 12:00am

Business & Economy

PIA, Jazz sign MoU

Pakistan International Airlines (PIA) and Jazz have signed a MoU to facilitate passengers of the airline and PIA employees. According to the MoU, Jazz, Pakistan's leading digital communications Company, is seeking to provide PIA the services of an e-ticke

Published 11 Dec, 2019 12:00am

Taxes

Track & trace system: FBR fails to submit report before IHC

Federal Board of Revenue (FBR) Tuesday failed to submit the requisite report before the Islamabad High Court (IHC) on the grant of license of track and trace system for tobacco products to the M/s Radio & Telecommunication Corporation (NRTC). It is learnt

Published 11 Dec, 2019 12:00am

Taxes

IREN reactivated: FBR launches crackdown against tax evasion

According to the directions of Prime Minister Imran Khan, Federal Board of Revenue has lodged a crackdown against tax evasion in cigarette industry by reactivating Inland Revenue Enforcement Network (IREN).

Published 11 Dec, 2019 12:00am

Rs six billion scam: SC acquits NICL ex-chief and co-accused

The apex court Tuesday acquitted former chairman of National Insurance Company Limited (NICL) Ayaz Khan Niazi and all the co-accused in the Rs 6 billion corruption scam. Hur Rihai Gardezi, Amin Qasim Dada, Ameer Hussain and Muhammad Zahoor were the co-acc

Published 11 Dec, 2019 12:00am

Business & Economy

Tyres' import declines from 5 million to 2.4 million

The import of automotive tyres has declined to 2.4 million in 2018-19 from 5 million in 2017-18 mainly due to increase in the duty and taxes. According to the industry sources, the government raised duties in 2017-18 to help local industries grow and this

Published 11 Dec, 2019 12:00am

Telecommunication

JazzCash's base stands at 7 million users

Emerging as the market leader for the third consecutive year, JazzCash proudly announces an active base that now stands at over 7 million users. JazzCash is fast becoming the most popular and trusted digital financial services brand in Pakistan. Transacti

Published 11 Dec, 2019 12:00am

Business & Economy

FPCCI urges govt to implement food security policy

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engr Daroo Khan Achakzai Tuesday urged the government to implement the national food security policy which was announced in 2018 and also increase investment in agriculture researc

Published 11 Dec, 2019 12:00am

Governor inaugurates 'Kamyab Jawan Programme' at MUET

Sindh Governor Imran Ismail on Tuesday inaugurated "Kamyab Jawan Programme" at Mehran University of Engineering and Technology (MUET), Jamshoro to create jobs and develop a national startup ecosystem that provides one million young people training in entr

Published 11 Dec, 2019 12:00am

Locusts' attacks: SHC issues notices to federal, Sindh governments

Sindh High Court (SHC) on Tuesday issued notices to Federal and Sindh Governments in a petition pertaining to swarming of the various districts of the provinces by locusts. A division bench of the SHC headed by Justice Muhammad Ali Mazhar ordered the auth

Published 11 Dec, 2019 12:00am

Telecommunication

PTCL hosts 'Digital Learning Hackathon 2019'

Pakistan Telecommunication Company Limited (PTCL) proudly hosts its first ever 'Digital Learning Hackathon 2019', at a special event organized at PTCL Academy in Islamabad. The initiative is launched to enhance capacity building of PTCL employees through

Published 11 Dec, 2019 12:00am

Money & Banking

Country receives $1.3 billion loan from ADB

Pakistan has received some $ 1.3 billion from Asian Development Bank (ADB) as loan to strengthen the economy. A Special Policy-Based loan was approved by ADB on December 6, 2019 for Pakistan for budgetary support and economic reforms. Accordingly, on Dece

Published 11 Dec, 2019 12:00am

Business & Economy

Corporate sector urged to follow 'OICCI Women' initiative

The Overseas Investors Chamber of Commerce and Industry (OICCI) and its member companies are role models for empowering women at the workplace and the corporate sector across Pakistan should follow the 'OICCI Women' initiative to foster economic growth of

Published 11 Dec, 2019 12:00am

IoK issue to take a decisive turn in 2-3 months, claims AJK PM

Azad Jammu and Kashmir (AJ&K) Prime Minister Raja Farooq Haider Khan Tuesday claimed that next two to three months would be decisive for the solution of the decades-long issue of Kashmir. He declared that not a single Kashmiri would support India, which i

Published 11 Dec, 2019 12:00am

Energy

Winner of PSO Excellence Awards: Sunshine Petroleum arranges celebratory ceremony

To acknowledge appreciation from PSO through their recently held Excellence Awards 2019, M/s Sunshine Petroleum Services, Lahore, arranged a celebratory ceremony with the staff and senior members of PSO Sales team from Lahore division.

Published 11 Dec, 2019 12:00am

Business & Economy

SCCI, SMEDA to set up business facilitation centre

The Sarhad Chamber of Commerce and Industry (SCCI), and Small and Medium Enterprises Development Authority (SMEDA) have expedited their efforts to establish a proposed Business Facilitation Centre with an object to resolve business community issues and br

Published 11 Dec, 2019 12:00am

Senate body seeks details of power tariff's increase in CY19

Senate Standing Committee on Power on Tuesday sought details of increase in electricity tariff during the current calendar year, starting from January 1, 2019.

Published 11 Dec, 2019 12:00am

PML-N terms OLMT gift of Shahbaz for Lahore

Spokesperson of Pakistan Muslim League-Nawaz (PML-N) Uzma Bukhari said on Tuesday the Orange Line Metro Train (OLMT) project is a gift of Shahbaz Sharif to the people of Lahore. She said the decision of not attending the inaugural ceremony by Chief Minist

Published 11 Dec, 2019 12:00am

Situation termed alarming, dangerous for media freedom

A joint meeting of Pakistan Federal Union of Journalists (PFUJ), Human Rights Commission of Pakistan (HRCP), All Pakistan Newspapers Society (APNS), Council of Pakistan Newspaper Editors (CPNE), Pakistan Broadcasters Association (PBA) and Pakistan Bar Cou

Published 11 Dec, 2019 12:00am

Stocks

NBFCs: SECP issues qualified capital, terms and conditions

The Securities and Exchange Commission of Pakistan (SECP) has issued the qualified capital and its terms and conditions for the Non-Banking Finance Companies (NBFCs) engaged exclusively in the business of issuance of guarantees to enhance the quality of d

Published 11 Dec, 2019 12:00am

Rain, thunderstorm forecast for today

Rain with wind/thunderstorm is predicted in the country from today to Friday, which may affect the first cricket test match between Pakistan and Sri Lanka.

Published 11 Dec, 2019 12:00am

Violations along LoC: Rs three billion allocated under PSDP for rehabilitation of affected families

The federal government has decided to compensate the affectees of Indian ceasefire violations along the Line of Control (LoC) and allocated Rs 3 billion in Public Sector Development Programme [PSDP] for rehabilitation of the affected families.

Published 11 Dec, 2019 12:00am

Lawmakers hint at unanimous bill for reviving student unions

In wake of recent student solidarity marches across the country, the lawmakers in the National Assembly hinted at bringing a bill unanimously to revive student unions.

Published 11 Dec, 2019 12:00am

Taxes

FBR chief discusses 'Customs Internship Programme' with NUST, LUMS heads

Syed Shabbar Zaidi, Chairman FBR held a meeting with Heads of Departments of National University of Science and Technology (NUST) and Lahore University of Management Sciences (LUMS) to discuss the launch of "Customs Internship Program" for youth of Pakist

Published 11 Dec, 2019 12:00am

Commodities

PAD invites applications from canola growers

The Punjab Agriculture Department (PAD) has invited applications from the canola growers of the province to take part in the competition for achieving maximum yield per acre under the national project of edible oil crops. Those who are aspirant to compete

Published 11 Dec, 2019 12:00am

Business & Economy

PESSI's facilitation centre set up at LCCI

After inauguration of Punjab Employees Social Security Institution (PESSI) facilitation center on Tuesday, the Lahore Chamber of Commerce and Industry (LCCI) has become the first chamber having 10 facilitation centers for its members.

Published 11 Dec, 2019 12:00am

Energy

Rs 10.795 billion loss noted: AGP calls for probe into Lakhra Power malfeasance

The Auditor General of Pakistan (AGP) has recommended that financial mismanagement and financial indiscipline of Lakhra Power Generation Company Limited (GENCO IV) causing Rs 10.795 billion loss as well as less power generation of Rs 76.610 billion needs

Published 11 Dec, 2019 12:00am

Post-arrest bail of Miftah: IHC grants time to NAB

The Islamabad High Court (IHC) Tuesday granted time to National Accountability Bureau (NAB) to submit its reply in a petition seeking post-arrest bail of former finance minister Miftah Ismail.

Published 11 Dec, 2019 12:00am

Solidarity expressed with oppressed Kashmiris

Provincial Information & Culture Minister Fayyaz-ul-Hassan Chohan while expressing solidarity with the oppressed Kashmiri people on the eve of Human Rights Day said that Kashmiris facing oppression for the last four months by Modi government is highly reg

Published 11 Dec, 2019 12:00am

Qureshi off to Saudi Arabia

Foreign Minister Shah Mehmood Qureshi left Turkey for Saudi Arabia on Tuesday to hold talks with Saudi leadership on issues of mutual interest and regional situation, Foreign Office said. In a one day short visit to the Kingdom, the foreign minister will

Published 11 Dec, 2019 12:00am

Business & Economy

Punjab government to conduct audit of projects

The PTI-led Punjab government has decided to conduct audit of projects initiated during the tenure of incumbent government, it has been learnt. The sources claimed that audit will be launched from next year. Action will be taken against the irregularities

Published 11 Dec, 2019 12:00am

Business & Economy

'Denmark ranks one of most efficient food producing countries'

Denmark is a place to be looked as sustainable and environment-friendly food production state and is ranked as one of the most efficient food production countries in the world.

Published 11 Dec, 2019 12:00am

Business & Economy

Number of specially challenged persons rises to 5.3 million in Pakistan

The number of specially challenged persons rose to 5.3 million in the country, of them, 500,000 are residing in Karachi. This was stated by renowned Neurosurgeon Dr Wasey Shakir at 'Ba-Himaat' award ceremony organized by Association of Builders and Develo

Published 11 Dec, 2019 12:00am

Panel voices concern over reduction in HEC budget

Expressing serious concerns over the curtailment of budget for Higher Education Commission (HEC) by the federal government, a parliamentary panel Tuesday said that this step has created serious challenges for the Pakistani students studying abroad and loc

Published 11 Dec, 2019 12:00am

KP joint opposition submits requisition for PA session

Joint opposition in Khyber Pakhtunkhwa on Tuesday submitted requisition for convening the session of the provincial assembly.

Published 11 Dec, 2019 12:00am

Incidents of flouting human rights on the rise: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that incidents of trampling human rights have witnessed an upsurge since the incumbent government has been imposed.

Published 11 Dec, 2019 12:00am

Qureshi seeks urgent steps to stop HR violations in IHK

Foreign Minister Shah Mehmood Qureshi has urged international community to take urgent steps to stop human rights violations and crimes against humanity in the Indian-occupied Jammu and Kashmir.

Published 11 Dec, 2019 12:00am

Gwadar Port Civic Centre Project: AGP concerned at irregularities

Auditor General of Pakistan (AGP) has shown concerns over irregularities, violation of rules and other malpractice, which caused delay in completion of Gwadar Port Civic Centre Project and inflicted Rs 70 billion loss on national exchequer.

Published 11 Dec, 2019 12:00am

President, PM reaffirm political, diplomatic support to Kashmiris

President Dr. Arif Alvi and Prime Minister Imran Khan have urged international community to play their role for protection of human rights of the people of Indian occupied Kashmir.

Published 11 Dec, 2019 12:00am

Cricket

AGP highlights irregularities in PCB's appointments

The Auditor General of Pakistan (AGP) has pointed out irregularities in appointments in Pakistan Cricket Board (PCB), inefficiency of management, non-recovery of receivables as well as loss of its land due to illegal occupation, which caused billions of r

Published 11 Dec, 2019 12:00am

Energy

Fatalities during rains: Nepra imposes Rs50m fine on KE

National Electric Power Regulatory Authority (Nepra) on Tuesday imposed a fine of Rs 50 million on Karachi Electric Limited (KEL) due to fatalities during rains last summer.

Published 11 Dec, 2019 12:00am

Companies

NayaPay (Pvt) Ltd certified as ISO/IEC 27001

NayaPay (Pvt) Limited has now been certified as ISO/IEC 27001 compliant by SGS - a leading ISO certifying agency, facilitating Pakistanis to open e-money wallet accounts for making digital transactions convenient.

Published 11 Dec, 2019 12:00am

Articles

Partly Facetious : The proverbial 'same page'

"What is the origin of being on the same page?"

Updated 11 Dec, 2019 06:06am

PU sets up Climate Change Awareness Centre: Climate change affecting agriculture, livestock sectors: minister

Punjab Minister for Livestock and Dairy Development Sardar Hasnain Bahadur Dreshak has said that climate change is adversely affecting agriculture and livestock sectors by reducing their production and we need to develop an integrated strategy for combati

Published 11 Dec, 2019 12:00am

Telecommunication

PTCL & Taiwan IT giant to launch safe city project in Faisalabad

A community based safe city project will be launched in Faisalabad in collaboration with Pakistan Telecommunication Company Limited and a Taiwan IT giant. Umar Farooq Advisor to Chief Minister Punjab on sports and youth affair visited Faisalabad Chamber o

Published 11 Dec, 2019 12:00am

Significance of human rights in Islam highlighted

"Islam has provided the best charter of human rights for the human race who is and will be living across the globe. It makes mandatory to ensure respect of not only the human beings but also of all other living creatures," said Deputy Commissioner Dr Nasi

Published 11 Dec, 2019 12:00am

Brief Recordings

Byco Petroleum Pakistan Limited

Part of the downstream oil and gas sector, Byco Group was formed in January 1995. Its first refinery began operations in 2004 with a capacity of 30,000 barrels of oil per day as Hub Balochistan, and began commercial production of liquefied petroleum gas,

Updated 11 Dec, 2019 06:51am

Suu Kyi told to 'stop the genocide' in UN court

Nobel peace laureate Aung San Suu Kyi faced calls for Myanmar to "stop the genocide" of Rohingya Muslims as she personally led her country's defence at the UN's top court on Tuesday.

Published 11 Dec, 2019 12:00am

Ex-Moscow mayor Luzhkov, populist heavyweight, dies

Former Moscow Mayor Yury Luzhkov, a political heavyweight who transformed Russia's capital but was dogged by corruption claims, has died aged 83, the current mayor said Tuesday.

Published 11 Dec, 2019 12:00am

Trump launches broadside against his FBI director

President Donald Trump renewed his war against his own security establishment Tuesday with a broadside against the "attitude" of FBI Director Christopher Wray.

Published 11 Dec, 2019 12:00am

Co-inventor of barcode dies

US engineer George J. Laurer, who co-invented the barcode and helped to transform the retail world in the 1970s, has died at age 94.

Published 11 Dec, 2019 12:00am

Gunman kills himself after deadly Czech hospital rampage

A gunman killed himself Tuesday after shooting dead six patients at a hospital in the eastern Czech city of Ostrava, in what the premier has called "an immense tragedy".

Published 11 Dec, 2019 12:00am

Roxette singer dies aged 61

The lead singer of Swedish pop duo Roxette, Marie Fredriksson, who shot to global fame in the 1990s with hits like "It must have been love", has died aged 61 after a long fight with cancer, her manager said Tuesday.

Published 11 Dec, 2019 12:00am

US, China working to delay Dec 15 tariffs

US and Chinese officials are working on a deal to postpone a round of tariffs set to hit Chinese imports in five days, according to a media report on Tuesday.

Published 11 Dec, 2019 12:00am

Solving climate crisis requires leadership: Bloomberg

The world does not need a miracle to tame global warming, just leadership, American presidential hopeful Michael Bloomberg told UN climate talks in Madrid on Tuesday, calling for an end to government handouts to oil, gas and coal companies.

Published 11 Dec, 2019 12:00am

Qatar emir skips Riyadh summit despite thawing ties

Qatar's emir skipped a Gulf summit in Riyadh on Tuesday that had been pilled as a potential "reconciliation conference" amid signs of a thaw between Doha and a Saudi-led bloc.

Published 11 Dec, 2019 12:00am

Two Algerian ex-PMs get heavy jail terms for corruption

An Algerian court sentenced two former prime ministers to long jail terms Tuesday in the first of a series of high-profile corruption trials launched after longtime president Abdelaziz Bouteflika resigned in the face of mass protests in April.

Published 11 Dec, 2019 12:00am

World's youngest PM takes office in Finland

Finland's Sanna Marin, 34, was officially appointed as the country's prime minister on Tuesday, becoming the world's youngest sitting head of government.

Published 11 Dec, 2019 12:00am

US, Saudi Arabia rank bottom of climate class

The United States and Saudi Arabia are among major polluters showing "hardly any signs" of reducing their greenhouse gas production, a global assessment of countries' emissions trajectories said Tuesday at United Nations climate talks.

Published 11 Dec, 2019 12:00am

Commodities

Ivory Coast cocoa farmers worry over rising heat

Mainly below average rains last week in most of Ivory Coast's cocoa regions had farmers worried about the rising heat, despite a good soil moisture content, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is now in the dry season, whi

Published 11 Dec, 2019 12:00am

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,282. The traded value of Metals, Energy and COTS/FX was recorded at PKR 2.701 billion and the number of lots traded was 4,191.

Published 11 Dec, 2019 12:00am

Commodities

Paris wheat futures little changed

Paris wheat futures were little changed on Monday as traders awaited direction from US government crop data while physical prices in Europe were generally firm on steady export demand. March milling wheat, the most active contract on the Paris-based Euron

Published 11 Dec, 2019 12:00am

Commodities

Canadian canola futures rise

ICE Canadian canola futures rose on Monday for a third straight session, boosted by gains in soyaoil and palm oil. Canola is also helped by Friday's Statistics Canada report that estimated a much smaller Canadian canola harvest than expected, although dim

Published 11 Dec, 2019 12:00am

Energy

US natural gas futures fall on less heating demand

US natural gas futures fell 5% on Monday on forecasts for less cold weather and heating demand through late December than previously expected. Meteorologists now forecast the weather over the US Lower 48 states will fluctuate from warmer to colder than no

Published 11 Dec, 2019 12:00am

Business & Economy

Activities at Karachi and Port Qasim

The Karachi Port handled 158,716 tonnes of cargo comprising 106,804 tonnes of import cargo and 51,912 tonnes of export cargo including 8,740 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday.

Published 11 Dec, 2019 12:00am

Cotton & Textile

Cautious buying seen on cotton market

Cautious buying was witnessed on the cotton market on Tuesday owing to acute shortage of quality lint, dealers said. The official spot rate maintained overnight level Rs8800, they added. In ready session, about 10,000 bales of cotton changed hands between

Published 11 Dec, 2019 12:00am

Commodities

Russian wheat prices rise on strong demand

Russian wheat prices rose for a fourth consecutive week through Friday thanks to strong demand from exporters and stockpiling by domestic processors before the market quietens down in late December and early January, analysts said. Egypt's state grain buy

Published 11 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
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

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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