News Archives for Print - 2019-12-12

Print - 2019-12-12

Bosnia closes 'jungle' migrant camp

Bosnia will on Wednesday dismantle tents at a makeshift migrant camp known as the "jungle" for its brutal conditions, after transferring hundreds of people to Sarajevo. Rights groups heavily criticised the Vucjak camp, where migrants slept in tents with n

Published 12 Dec, 2019 12:00am

Manufacturing & agri sectors: ADB to continue supporting Pakistan: DG

Director General Central West Asia Department, Asian Development Bank (ADB), Werner E Liepach has said that ADB would continue supporting Pakistan in improving its productivity in the manufacturing and agriculture sectors.

Updated 12 Dec, 2019 05:15am

Power projects: ADB raises transparency questions

Asian Development Bank (ADB) has reportedly raised questions of transparency in execution of power projects funded by it and indicated further investment of $ 2 billion in the energy sector during the coming three years.

Published 12 Dec, 2019 12:00am

ADB says signs of stabilization emerging

The Asian Development Bank (ADB) on Wednesday said that signs of economic stabilization are emerging in Pakistan during the ongoing fiscal year 2019-20.

Published 12 Dec, 2019 12:00am

Stocks

KSE-100 Index retreats: BRIndex100 depressed

Pakistan Stock Exchange Wednesday closed on a negative note due to profit-taking in various sectors.

Published 12 Dec, 2019 12:00am

Jul-November exports post 4.8 percent growth YoY

Exports during July-November 2019 witnessed a growth of 4.8 percent against the same period of 2018, Pakistan Bureau of Statistic (PBS) said.

Published 12 Dec, 2019 12:00am

Fed keeps interest rates on hold amid 'favourable' outlook

The US Federal Reserve on Wednesday held interest rates steady and signalled borrowing costs are likely to remain unchanged indefinitely, with moderate economic growth and low unemployment expected to continue through next year's presidential election.

Published 12 Dec, 2019 12:00am

Pakistan, China to implement 'Green Corridor' system

Pakistani and Chinese customs administrations have principally agreed to implement 'Green Corridor' - a fast track customs clearance system exclusively for speedy clearances of the perishable agricultural products, under the proposed Green Corridor at Sus

Published 12 Dec, 2019 12:00am

Ailing Zardari granted bail

The Islamabad High Court (IHC) Wednesday granted post-arrest bail to former president Asif Ali Zardari on medical grounds.

Published 12 Dec, 2019 12:00am

Lawyers ransack PIC in row with doctors; 4 patients die

A large number of enraged lawyers stormed and ransacked the Punjab Institute of Cardiology (PIC) on Wednesday, and at least four patients, including an elderly woman, died during the disturbance.

Published 12 Dec, 2019 12:00am

'Historic' tax recovery made

Directorate General Intelligence and Investigation - Customs, Karachi has made a "historic" tax recovery of Rs 221.7 million from Oil & Gas Development Company Ltd (OGDCL).

Published 12 Dec, 2019 12:00am

Russia for stronger ties with Pakistan

Russian Minister for Trade and Industry, Denis Manturov on Wednesday called on Prime Minister Imran Khan and reaffirmed his country's desire for stronger ties with Pakistan, saying that a vast potential exists for enhancing bilateral cooperation in energy

Published 12 Dec, 2019 12:00am

Hafiz Saeed faces terror financing charges

A anti-terrorism court indicted Hafiz Saeed on terror financing charges on Wednesday, a government prosecutor and defence lawyer said.

Published 12 Dec, 2019 12:00am

Corporate sector: SECP introduces 'Regulatory Sandbox Environment'

Securities and Exchange Commission of Pakistan (SECP) Wednesday took a major step to facilitate corporate sector by introducing 'Regulatory Sandbox Environment' for companies to conduct limited scale live tests of new products, services or business models

Published 12 Dec, 2019 12:00am

Government's 'objectionable' approach to opposition parties criticized

In the backdrop of an enlarging deadlock between the government and the opposition, work in relation to legislations on a wide range of critical subjects including meeting key commitments to the Financial Action Task Force (FATF) with respect to an amendm

Published 12 Dec, 2019 12:00am

DG ISPR's press conference postponed

An important press conference of the Director General Inter-Services Public Relations (DG-ISPR) Major General Asif Ghafoor, scheduled to take place yesterday, now has been postponed, said ISPR on Wednesday.

Published 12 Dec, 2019 12:00am

Protests flare in India against citizenship law

India's ruling Hindu nationalist government on Wednesday won parliamentary approval for a far-reaching citizenship law that critics say undermines the country's secular constitution, as protests against the legislation intensified.

Published 12 Dec, 2019 12:00am

NAB to file references against PPP MNA Nadir Magsi, others

An executive board meeting (EBM) of National Accountability Bureau (NAB) was held here on Wednesday with Chairman former Justice Javed Iqbal in the chair. The meeting was attended by Deputy Chairman NAB, Prosecutor General Accoun-tability, Director Genera

Published 12 Dec, 2019 12:00am

Niger military camp attack kills more than 60

Jihadists attacked a Niger military camp near the border with Mali with shelling and mortars, killing more than 60 people, a security source said on Wednesday.

Published 12 Dec, 2019 12:00am

Letters

Impeachment charges against Trump

Democrats in the House of Representatives have announced formal charges against President Donald Trump. The US President is accused of abusing power and obstructing Congress . He's the fourth president in the US history to face impeachment.

Updated 12 Dec, 2019 06:26am

Articles

US Army will fund rare earths plant for weapons development

The US Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters.

Published 12 Dec, 2019 12:00am

Articles

High interest rates, low investments

Sustainable technology and Industry 4.0-enabled technologies, most recently presented at the ITMA 2019 in Barcelona, Spain, are taking the global textile industry by storm. The tech world is rapidly moving forward and R&D in textile machinery continues to

Updated 12 Dec, 2019 05:09am

Articles

Refunds delayed is justice denied

In Naya Pakistan you have to thank those who sit on your money and return it, in dribs and drabs, as and when it suits them. But lest you should forget, when you get your money back you have to make a public announcement of your gratitude by taking out an

Published 12 Dec, 2019 12:00am

After the London incident

Political temperature is rising again between the government and the PML-N because of a demonstration by a group of Pakistanis outside the London residence of the PML-N supremo Nawaz Sharif. Speaking in the National Assembly on a point of order, parliamen

Updated 12 Dec, 2019 07:04am

Provincial surplus

The budgetary behaviour of the four provinces has a substantial impact on the overall fiscal position of the country. A consolidated surplus in their budgets could reduce the overall budget deficit of the country and vice versa. Mercifully, the FY20 has o

Updated 12 Dec, 2019 07:06am

Commodities

Sugar sector: CCP probe sees no sign of collusive activities

The Competition Commission of Pakistan's (CCP) initial probe into the sugar sector has not yet seen any sign of collusive activities within the industry, CCP Chairperson Vadiyya Khalil informed the federal cabinet in her presentation.

Published 12 Dec, 2019 12:00am

Zardari to hunt Khillari after treatment: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that Asif Ali Zardari is a hunter and he would hunt 'Khillari' (player) after his treatment.

Published 12 Dec, 2019 12:00am

Foreign funding: PTI expects ECP to scrutinise PML-N, PPP in same way

The ruling party Pakistan Tehreek-e-Insaf (PTI) said on Wednesday that it expects Election Commission of Pakistan (ECP) to scrutinize the foreign funds of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) the same way it scrutinized th

Published 12 Dec, 2019 12:00am

Energy

ECC to approve policy guidelines for RLNG sale price today

The Economic Coordination Committee (ECC) of the Cabinet, which is scheduled to meet on Thursday (today) with finance advisor in the chair, will approve policy guidelines for sale price of Re-gasified Liquefied Natural Gas (RLNG).

Published 12 Dec, 2019 12:00am

LHCBA demands release of lawyers

The representatives of legal fraternity have termed violence inside the Punjab Institute of Cardiology (PIC) a reaction to inaction of police regarding arrest of doctors involved in torturing lawyers few days before and demanded immediate release of their

Published 12 Dec, 2019 12:00am

PM takes notice of lawyers' attack on PIC

Prime Minister Imran Khan on Wednesday took notice of violent lawyers' attack on Punjab Institute of Cardiology (PIC). The Prime Minister has sought report from Punjab Chief Secretary (CS) Azam Suleiman Khan and Inspector General of Police (IGP) Shoaib Da

Published 12 Dec, 2019 12:00am

Roshan Sindh project: Sharjeel appears before NAB in fake accounts scam

Sharjeel Inam Memon, former minister of Sindh, on Wednesday appeared before National Accountability Bureau (NAB) in an ongoing investigation in multibillion rupees fake bank accounts scam with regard to Roshan Sindh project.

Published 12 Dec, 2019 12:00am

Mustafa Impex judgement: government to file review petition, NA body told

The government is going to file a review petition in the Supreme Court with respect to the Mustafa Impex judgment, wherein it is declared that the federal government consists of prime minister and federal ministers.

Published 12 Dec, 2019 12:00am

Appointment of ECP, members: Parliamentary body meeting put off till tomorrow

A crucial meeting of the Parliamentary Committee on Appointment of the Chief Election Commissioner and Members of Election Commission of Pakistan that was scheduled on Wednesday was postponed till today (Thursday) following serious stalemate between both

Published 12 Dec, 2019 12:00am

Daraz launches 12.12 sale event today

Daraz, an online shopping platform, has announced that the end of season sale has been launched today (Thursday), which will offer Pakistani shoppers an engaging and personalised experience.

Published 12 Dec, 2019 12:00am

Government urged to introduce modern harvest technology

Secretary General (Federal) of the Businessmen Panel and former chairman FPCCI Standing Committee on Agriculture Produce, Ahmad Jawad has said modern technology should be introduced for pre- and post-harvest. Such technology should especially be provided

Published 12 Dec, 2019 12:00am

Business & Economy

Malaysian investors, tourists want to visit Pakistan: CG

Consulate General of Malaysia, Khairul Nazran Abd Rahman has said investors and tourists from Malaysia want to visit Pakistan to see opportunities and country and we are encouraging them. Speaking at a meeting of Korangi Association of Trade and Industry

Published 12 Dec, 2019 12:00am

Murad acknowledges weaknesses in implementing human rights laws

Sindh Chief Minister Syed Murad Ali Shah has said that the provincial government has enacted a large number of laws to ensure protection of human rights but due to weaknesses in the implementation system they have not been implemented in true letter and s

Published 12 Dec, 2019 12:00am

Business & Economy

PBIF chief concerned at Rs 1.5 trillion circular debts

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said that Rs1.5 trillion circular debts is a serious threat to the economy. All the efforts to bring circular debt to a single digit have failed while the recent report of A

Published 12 Dec, 2019 12:00am

Money & Banking

SBP imposes Rs 192.6 million monetary fines on four banks

The State Bank of Pakistan (SBP) has imposed monetary fines amounting to Rs 192.6 million on four banks in November for violation in the area of Customer Due Diligence (CDD) and Know Your Customer (KYC). It may be mentioned that SBP takes supervisory enfo

Published 12 Dec, 2019 12:00am

Business & Economy

Centre releases Rs 250 million for establishing CETP

Federal Government released Rs250 million for establishment of Combined Effluent Treatment Plant (CETP) for industrial areas of Karachi. The released funds of Rs250 million since the first week of December in financial year 2019-20 is the fifty percent of

Published 12 Dec, 2019 12:00am

GCT offers help in school education system

The Green Crescent Trust (GCT) celebrating the silver jubilee of its foundation has offered voluntary services to Sindh government to completely overhaul and upgrade its school education sector in view of its own success story of establishing over 150 not

Published 12 Dec, 2019 12:00am

Business & Economy

Nespak celebrates 40 years of operations in Oman

National Engineering Services Pakistan (NESPAK) Pvt Limited has successfully completed 40 years of its operations in Oman. Since its establishment in 1979, NESPAK has contributed to 60 to 70 percent road infrastructure development of Oman and earned hefty

Published 12 Dec, 2019 12:00am

Cotton & Textile

PTA demands payment of ST refund claims

Chairman, Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has said that PTA member exporters are unable to execute their export activities in the wake of cash flow problems being confronted by them severely, which is stuck with the government on

Published 12 Dec, 2019 12:00am

Children's Literature Festival concludes

The 63rd Children's Literature Festival (CLF) concluded on Wednesday in Peshawar which brought intense learning, exciting activities and vibrant festivities for children in the provincial capital.

Published 12 Dec, 2019 12:00am

Senate body defers discussion on power bill

The Senate Standing Committee on Cabinet Secretariat on Wednesday deferred discussion on 'the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2019.'

Published 12 Dec, 2019 12:00am

PKI to protest against govt policies on 18th

Pakistan Kissan Ittehad (PKI) on Wednesday announced the end of its "love marriage" with PTI government, and threatened to put up their children for sale during the protest in federal capital on December 18, 2019 (next Wednesday).

Published 12 Dec, 2019 12:00am

Transfers and postings in NAB

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal on Wednesday approved transfer of three senior officers.

Published 12 Dec, 2019 12:00am

Seminar on 'HIV/AIDS' held at KMU

The Institute of Public Health & Social Sciences, Khyber Medical University has organized a seminar on Human Immunodeficiency Virus (HIV) /Acquired Immune Deficiency Syndrome (AIDS) on world day to raise awareness about HIV/AIDS and demonstrate internatio

Published 12 Dec, 2019 12:00am

Government wants to uplift poor segments of population: PM

Prime Minister Imran Khan Wednesday said the government had focused its energies on the uplift of the poor segments of population, particularly in the low cost housing sector.

Published 12 Dec, 2019 12:00am

Petrol pumps: Trade body to protest against imposition of fines

The business community here on Wednesday warned to launch protest against imposing heavy fines and sealing of petrol pumps due to violation of district administration orders regarding ban on sale of petrol to bikers without helmet in provincial metropolis

Published 12 Dec, 2019 12:00am

In 7 districts of KP: Computerisation of land record by June 2020

Special Assistant to KP CM on Information Technology and Science Technology (IT&ST) Kamran Bangash said that land records of seven districts of Khyber Pakhtunkhwa will be computerized by June 2020 to facilitate people in the settlement of their cases rela

Published 12 Dec, 2019 12:00am

Danish people pay about 40pc of their income as taxes: official

Danish people pay about 40 per cent of their income as taxes and in return get free education and heath facilities.

Published 12 Dec, 2019 12:00am

TME selected as 2020 Microsoft Showcase School

The Millennium Education (TME) was selected by Microsoft as a 2020 Microsoft Showcase School for its excellence in demonstrating student outcomes resulting from its commitment to educational transformation, driven effectively by teachers and school leader

Published 12 Dec, 2019 12:00am

Various drugs unavailable at markets: survey

The medicine markets are facing acute shortage of some of drugs, especially imported medicines of Indian origin, a survey conducted by Business Recorder revealed here on Wednesday.

Published 12 Dec, 2019 12:00am

Money & Banking

PQGTL participates in IFC

Pak-Qatar General Takaful Limited participated at IBA CEIF Islamic Finance Conference (IFC) 2019 held in Karachi. The conference theme was 'Emerging Trends in Islamic Finance' in which the key objective was to promote innovation and research in the Islami

Published 12 Dec, 2019 12:00am

AJK President terms Indian actions violation of Geneva Convention

President of Azad Jammu & Kashmir Sardar Masood Khan has said that India's actions of 05 Aug were a clear violation of international laws and Geneva Convention.

Published 12 Dec, 2019 12:00am

Business & Economy

Kyrgyzstan may act as bridge between Pakistan, Central Asian markets: envoy

Kyrgyzstan's Ambassador to Pakistan Erik Beishemhiev has said that Kyrg Republic can play a role of bridge for Pakistan to Central Asian markets as Pakistani traders can easily export their 6,000 items with several concessions.

Published 12 Dec, 2019 12:00am

Strategy for land tenure governance launched in Sindh

The Food and Agriculture Organisation of the United Nations (FAO) in collaboration with the government of Sindh launched the 'Strategy to Mainstream the Principles and Practices of Responsible Governance of Tenure in Legislation, Administration and Polici

Published 12 Dec, 2019 12:00am

Rebuilding houses: seven-day notices served

The Capital Development Authority's (CDA) Enforcement Directorate on Wednesday served seven days notices on those affectees of Sector E-12, who have rebuilt houses on the CDA /state land. Affectees of Mauza Behkar Fateh Bakhsh have also been intimated to

Published 12 Dec, 2019 12:00am

Revival of PSM: PM for transparency in selecting company

Prime Minister Imran Khan has directed that selection of international company for revival of Pakistan Steel Mills (PSM) should be done in a transparent way.

Published 12 Dec, 2019 12:00am

Money & Banking

Auction for PIBs: government mops up Rs 137.685 billion

The federal government Wednesday borrowed some Rs 137.685 billion through the auction for long-term investment bonds. The State Bank of Pakistan conducted the auction for the sale of 3-year, 5-year, 10-year and 20-year Pakistan Investment Bond (PIBs) Fixe

Published 12 Dec, 2019 12:00am

Baba Farid, Guru Nanak spread peace, humanity, tolerance: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar on Wednesday said that Baba Fareed and Baba Guru Nanak spread message of peace, humanity and tolerance and we need to promote their teachings for establishing harmony in the world. He was addressing the inaugural s

Published 12 Dec, 2019 12:00am

Treasury defends police action against contractual teachers

Treasury on Wednesday defended police violence against the contractual teachers during the Sindh Assembly session, warning that law enforcers will take action no matter 'teachers' if crossing into the city's Red Zone.

Published 12 Dec, 2019 12:00am

PM may visit KSA next month

Prime Minister Imran Khan is likely to visit Saudi Arabia next month to hold talks with Saudi leadership on issues of mutual interest and regional situation. Diplomatic sources said the Prime Minister, during his visit to the Kingdom, will meet King Salma

Published 12 Dec, 2019 12:00am

Six-year-old dog bite victim from Larkana dies

Husnain, a six-year old kid who suffered multiple vicious bites from several stray dogs in Larkana, died on Wednesday at the Jinnah Hospital Karachi after infection weakened his 'immune system' to further survive, the Sindh Health Minister said.

Published 12 Dec, 2019 12:00am

Money & Banking

World Bank for commitment to mitigate, overcome learning poverty

World Bank (WB) has termed the learning poverty rate of 75 percent in Pakistan a big crisis and recommended for political and financial commitment to mitigatte and overcome the challenge Learning poverty is defined as the percentage of 10-year-old childre

Published 12 Dec, 2019 12:00am

Malaysian University delegation visits UVAS

The Malaysian delegation visited along with Vice-Chancellor University of Education Lahore (UE) Meritorious Professor Dr Talat Naseer Pasha at the University of Veterinary and Animal Sciences (UVAS) Lahore City Campus.

Published 12 Dec, 2019 12:00am

IT & Computers

NIC Programme startups pitch to Japanese cos in Pakistan

Ignite National Technology Fund an innovation value chain fixing arm of Ministry of IT & Telecom organized one day pitching event, in which 25 startups of NIC Program pitched their business idea and products/services to Japanese companies working in Pakis

Published 12 Dec, 2019 12:00am

Measures to counter smog: Minister chairs preliminary meeting of cabinet's body

Punjab Environment Minister Muhammad Rizwan has directed the Environment Protection Department (EPD) and other departments concerned to ensure implementation on plan formulated to cope with smog in letter and spirit.

Published 12 Dec, 2019 12:00am

Taxes

Businessmen urged to pay 16 percent GST for Punjab's well-being

Punjab Revenue Authority (PRA) Chairman Zain ul Abidin has said that every company should pay 16 percent Provincial GST of its sales to the Authority to generate revenue for the well-being of Punjab.

Published 12 Dec, 2019 12:00am

NUST student secures job at Fortune 500 firm in KPK

Misbah Hamid, a final year student at the NUST School of Electrical Engineering & Computer Science (SEECS), hit a home run by standing first at a competition of female engineering students, concluded the other day at Budapest, Hungary. Her excelling perfo

Published 12 Dec, 2019 12:00am

Governor meets DG Rangers Punjab

Punjab Governor Chaudhry Mohammad Sarwar held a meeting with Director General Rangers Punjab Maj. Gen. Amir Majeed here on Wednesday and exchanged views on border security situation and matters of mutual interest.

Published 12 Dec, 2019 12:00am

Aitezaz demands legal action against lawyers

Ch Aitezaz Ahsan, a senior leader of lawyers' community, has demanded legal action against the lawyers ransacking Punjab Institute of Cardiology.

Published 12 Dec, 2019 12:00am

PDWP approves three uplift schemes

The Punjab Provincial Development Working Party has approved three development schemes of various sectors with an estimated cost of Rs6,719.817 million.

Published 12 Dec, 2019 12:00am

PU teachers boycott classes over cut in budget

Punjab University Academic Staff Association on Wednesday boycotted classes for one hour and took out a protest rally to protest against 50 per cent cut in the budget of higher education.

Published 12 Dec, 2019 12:00am

Cotton & Textile

PHMA lauds government for releasing ST refunds

The Pakistan Hosiery Manufacturers & Exporters Association has welcomed the release of sales tax refunds of Rs32.20 billion and appreciated the Ministry of Commerce for releasing another Rs17.6 billion under DLDL, saying the initiatives will act as a driv

Published 12 Dec, 2019 12:00am

Buzdar vows to punish culprits of PIC tragedy

Terming the rumpus and destruction caused by lawyers at the Punjab Institute of Cardiology (PIC) as an illogical and illegal act, the Punjab Chief Minister Sardar Usman Buzdar on Wednesday said that legal action will be taken against those who took law in

Published 12 Dec, 2019 12:00am

Telecommunication

Vivo launches V17 pre-order campaign

Vivo, the global innovative smartphone brand has announced pre-order campaign for the flagship V17 in Pakistan. Continuing the tradition, this new phone brings innovation with its iView Display and packs a premium set of specifications including the massi

Published 12 Dec, 2019 12:00am

Articles

Partly Facetious : Opposition reacts rather than acts

"If you bestow a favour then you have to be gracious about it. That's what Islam teaches us."

Updated 12 Dec, 2019 09:17am

Cotton & Textile

Razak assures APTMA of resolving power tariff issue

A delegation of All Pakistan Textile Mills Association (APTMA) led by its Chairman met with the Advisor to the Prime Minister on Commerce, Industries & Production and Investment, Razak Dawood Wednesday.

Published 12 Dec, 2019 12:00am

Stocks

Misleading opinions inducing masses for stock trading: SECP

The Securities and Exchange Commission of Pakistan (SECP) has observed that recently certain incidences and statements have been reported in the print/electronic/social media influencing sentiments about the stock market. These reports have been issued by

Published 12 Dec, 2019 12:00am

Brief Recordings

Century Paper and Board Mills

Century Paper and Board Mills (PSX: CEPB) is part of the Lakson Group of companies. Lakson Group, established in 1954, has ventured into a variety of businesses from technology to media to packaging to FMCGs among others. It is one of the largest and most

Updated 13 Dec, 2019 06:03am

China biggest jailer of journalists, as press dangers persist: watchdog

At least 250 journalists are jailed around the world, with the largest number held in China, amid a growing crackdown by authoritarian regimes on independent media, a press watchdog group said Wednesday.

Published 12 Dec, 2019 12:00am

Another Iraqi activist killed as UN accuses 'militias'

A third anti-government activist has been murdered in Iraq in less than 10 days, police and medics said Wednesday, as the United Nations accused militias of killing and abducting demonstrators.

Published 12 Dec, 2019 12:00am

Greta slams 'misleading' climate pledges at chaotic UN summit

Swedish activist Greta Thunberg accused rich countries of "misleading" people over climate action at UN talks in Madrid on Wednesday as scuffles broke out between security guards and environmental protestors. The UN climate forum tasked with saving the wo

Published 12 Dec, 2019 12:00am

In first for Italy, woman to head constitutional court

Judge and law professor Marta Cartabia was unanimously elected on Wednesday to head Italy's constitutional court, the first time in the country's history a woman has presided over the powerful body.

Published 12 Dec, 2019 12:00am

EU leader urges MEPs to back green growth plan

The EU's top official Wednesday launched the bloc's new "Green Deal", hailing it as a strategy for jobs and economic growth, not just for cutting emissions.

Published 12 Dec, 2019 12:00am

Turkey court keeps US consul staffer in jail

A Turkish court rejected a request Wednesday to release a US consular staffer jailed since 2017 on espionage charges as he told the judge no credible evidence had been submitted against him.

Published 12 Dec, 2019 12:00am

Japan funeral for 'hero' doctor slain in Afghanistan

Relatives and wellwishers paid tribute Wednesday to veteran doctor Tetsu Nakamura at his funeral in southern Japan, a week after he was killed in an ambush in Afghanistan.

Published 12 Dec, 2019 12:00am

Taliban bombers target key US Afghanistan base as talks resume

Taliban suicide bombers targeted a key US military base in Afghanistan Wednesday in a major attack that killed two civilians and wounded more than 70 others, officials said, amid renewed peace talks between the United States and the militants.

Published 12 Dec, 2019 12:00am

Chinese businessman murdered in Bangladesh

Bangladesh police Wednesday found the body of a Chinese businessman who was murdered and his body dumped in an upscale Dhaka neighbourhood, officials said.

Published 12 Dec, 2019 12:00am

Date palm, Arab region symbol of prosperity, listed by UNESCO

The date palm, which was recognised by UNESCO on Wednesday, has for centuries played an important role in the establishment and growth of civilisations in the hot and dry regions of the Arab world.

Published 12 Dec, 2019 12:00am

Britain heads into charged Brexit election

Britain's feuding party leaders criss-crossed the country on Wednesday in a frantic push for votes on the eve of a highly-charged general election aimed at finally settling the Brexit crisis.

Published 12 Dec, 2019 12:00am

Commodities

South Korea buys wheat

South Korea's largest feedmaker Nonghyup Feed Inc. (NOFI) purchased about 60,000 tonnes of feed wheat to be sourced from optional origins in an international tender which closed on Tuesday, European traders said. The wheat was purchased at around $239 a t

Published 12 Dec, 2019 12:00am

Commodities

Brazil's November coffee exports plunge to 22 percent

Brazilian coffee exporters shipped 2.8 million 60-kilogram (132-pound) bags of green coffee to foreign markets in November, 22% less than in the same month a year earlier, exporters association Cecafé said on Tuesday.

Published 12 Dec, 2019 12:00am

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,297. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.153 billion and the number of lots traded was 5,378.

Published 12 Dec, 2019 12:00am

Commodities

Paris wheat futures drop on fall in US markets

Paris wheat futures dropped on Tuesday in step with a fall in US markets in Chicago, while traders waited to see if French wheat would pick up an export sale in a purchase tender being held by Egypt. Grain markets were awaiting US Department of Agricultur

Published 12 Dec, 2019 12:00am

Energy

Asia's naphtha rises to 1-1/2 weeks high

Asia's naphtha crack rose for a fourth straight session on Tuesday to reach its highest in nearly 1-1/2 weeks at $122.18 a tonne as persistent strong demand soaked up supplies. Taiwan's Formosa, also Asia's top naphtha importer, is looking to buy naphtha

Published 12 Dec, 2019 12:00am

Commodities

Chinese iron ore rises to over four months high

Iron ore futures in China rose to their highest in more than four months on Tuesday on supply uncertainties expected to emerge during the first quarter of next year. The most traded iron ore futures contract on the Dalian Commodity Exchange, for May 2020

Published 12 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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