News Archives for Print - 2019-12-13

Print - 2019-12-13

FBR condones time limit for filing Annex-H (stock statement)

The Federal Board of Revenue (FBR) has condoned the time limit of filing of Annex-H (stock statement) in the sales tax return by the exporters for the tax period of July 2019 up to January 15, 2020. In this regard, the FBR has issued instructions to the f

Published 13 Dec, 2019 12:00am

Manufacturing: SBP allows 50 percent advance payments against letters of credit

The State Bank of Pakistan (SBP) Thursday allowed banks to make advance payment up to 50 percent of the value of imports against Letters of Credit (LCs) for manufacturing concerns.

Published 13 Dec, 2019 12:00am

IMF EB meeting on December 19

The International Monetary Fund (IMF) Executive Board meeting is scheduled for December 19 to consider the staff level report and approval of second tranche of about $450 million under the $6 billion Extended Fund Facility (EFF).

Published 13 Dec, 2019 12:00am

FY20 tax collection: Rs 5.5 trillion target could be revised downward

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has informed the Senate Standing Committee on Finance that revision in tax collection target of Rs 5.5 trillion for the current fiscal year is under consideration and the figure would be shared with th

Published 13 Dec, 2019 12:00am

Stocks

PSX hit by selling pressure: BRIndex100 inches down

After witnessing a mixed trend during Thursday's trade, Pakistan Stock Exchange closed on a negative note due to selling at the fag end. BRIndex100 lost 10.52 points or 0.25 percent to close at 4,222.30 points. BRIndex100 touched intraday high of 4,255.14

Published 13 Dec, 2019 12:00am

RLNG co-mingling study: PD withdraws proposal from ECC

The Petroleum Division has withdrawn its proposal from the Economic Coordination Committee (ECC) to conduct a technical study on the impact of co-mingling high GCL RLNG/gas in the system for further improvement, official sources told Business Recorder.

Published 13 Dec, 2019 12:00am

Desert locust threat: Rs 459.5 million grant approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved a technical grant of Rs 459.5 million for dealing with the desert locust threat after Ministry of National Food Security and Research gave a briefing on the measures taken so far.

Published 13 Dec, 2019 12:00am

Lawyers will observe strike today

Pakistan Bar Council said the lawyers will observe countrywide strike today (December 13) against partial and biased conduct of police and Lahore administration. The secretary PBC on Thursday issued Vice-Chairman Syed Amjad Shah's statement, which said th

Published 13 Dec, 2019 12:00am

Over 250 lawyers booked under anti-terrorism law

A day after a violent mob attacked the Punjab Institute of Cardiology (PIC), the police on Thursday by excluding the name of Barrister Hassan Khan Niazi, a nephew of Prime Minister Imran Khan, booked over 250 lawyers in two first information reports (FIRs

Published 13 Dec, 2019 12:00am

Modi-led India moving systematically with Hindu supremacist agenda: PM

Prime Minister Imran Khan on Thursday said India had been moving systematically with its Hindu supremacist agenda under its premier, Narendra Modi.

Published 13 Dec, 2019 12:00am

Citizenship Amendment Bill (CAB): India deploys troops as protesters defy curfew

Authorities deployed thousands of paramilitaries and blocked mobile internet in northeast India Thursday, while police fired blank rounds at protesters who defied a curfew to demonstrate against contentious new citizenship legislation.

Published 13 Dec, 2019 12:00am

Zardari released

Co-Chair-man Pakistan Peoples Party (PPP) Asif Ali Zardari was released on bail in the Park Lane and fake bank accounts cases on Thursday.

Published 13 Dec, 2019 12:00am

UK votes in pivotal 'Brexit election'

Britain voted on Thursday in a deeply divisive election that posed a historic choice between an imminent split from the European Union and another referendum that could scrap the entire Brexit process.

Published 13 Dec, 2019 12:00am

Construction of dams: 'Funds are in safe hands': SC

The Supreme Court has made it clear that there are no directives to the public and private banks not to accept funds in the Supreme Court and Prime Minister Diamer-Bhasha and Mohmand Dams account.

Published 13 Dec, 2019 12:00am

Foreign funding/donations: SECP tightens rules for charitable bodies, others

The Securities and Exchange Commission of Pakistan (SECP) has tightened regulations for chartable associations, non-profit associations and not-for-profit companies, which receive foreign funding/ donations.

Published 13 Dec, 2019 12:00am

Rs 50 billion money laundering detected

Directorate General Intelligence and Investigation (DGI&I)-IR has detected massive money laundering amounting to over Rs. 50 billion approximately in 24 cases across the country. FIRs have been registered under Anti Money Laundering Act, 2010.

Published 13 Dec, 2019 12:00am

Anti-terrorism law: NA body seeks input on proposed amendments

A parliamentary body on Thursday sought viewpoint of Ministry of Finance and Ministry of Law with respect to proposed amendments seeking insertion of the definitions of 'agent,' 'economic terrorism' and provision regarding detention of suspects for 90 day

Published 13 Dec, 2019 12:00am

ABC survey shows American investors' optimism

As per a perception survey conducted by the American Business Council (ABC), over 59 percent of the respondents indicated that the international perception of Pakistan had become better.

Published 13 Dec, 2019 12:00am

Clarification

Apropos a news item titled "power projects - raises transparency questions" appeared in Business Recorder on December 12, 2019, it is clarified that projects cited in the story were related to Discos which are being funded by the ADB. This was confirmed b

Published 13 Dec, 2019 12:00am

11 global companies show interest in PSM revival

As many as eleven international companies have expressed their interest in the revival of Pakistan Steel Mills (PSM), sources in Privatization Division told Business Recorder.

Published 13 Dec, 2019 12:00am

US offers China tariff rate cut

The United States has offered to cut existing tariffs on Chinese goods by as much as 50% and suspend new tariffs scheduled to go into effect on Sunday in an attempt to secure a "Phase One" trade deal.

Published 13 Dec, 2019 12:00am

Letters

Attack on hospital

It was simply unbelievable. Whatever happened at Lahore's cardiac hospital on Wednesday is an incident that should make us all hang our heads in shame. Not only did the protesting lawyers attack hospital, they also thrashed doctors, nurses and others, inc

Published 13 Dec, 2019 12:00am

Articles

Chinese businesses boost self-reliance as trade war rolls on

Whether Beijing and Washington reach a trade deal or not, China is already speeding up efforts to break its reliance on a country that is one of its biggest economic partners but also its biggest adversary. The effort has gained greater urgency for Beijin

Updated 14 Dec, 2019 08:47am

Articles

A regulatory framework for Pakistan Railways - II

Pakistan Railways (PR) has been working more or less like a monopoly with very little participation of private sector. Hence, there is very little competition being faced by PR. In these circumstances, it should be the responsibility of the proposed Econo

Published 13 Dec, 2019 12:00am

Articles

World Bank-funded tax reforms

The World Bank (WB), in an appraisal paper related to Pakistan Raises Revenue (PRR) has termed "vested interests lobbying for tax exemptions, internal tensions and wariness of change among the Federal Board of Revenue (FBR) staff, and potential disputes a

Published 13 Dec, 2019 12:00am

Modi's Hindu rashtra pursuit

The demonic Hindutva is marching ahead step by step. If last August the Modi establishment revoked special status of Occupied Kashmir, it has now passed the Citizenship (Amendment) Bill, commonly described as 'CAB' which renders nearly two million Muslims

Updated 13 Dec, 2019 06:52am

Lopsided subsidies?

Firdous Ashiq Awan, Special Assistant to the Prime Minister on Information and Broadcasting, while briefing the media on Cabinet decisions, revealed that 100 billion rupee subsidy would be extended to the agriculture sector though she did not provide any

Updated 13 Dec, 2019 06:52am

Business & Economy

Reserves crosses $16 billion mark

The country's total liquid foreign reserves has crossed $16 billion mark end of the week supported by arrival of multilateral and other official inflows. According to State Bank of Pakistan, total liquid foreign reserves held by the country stood at $16.0

Published 13 Dec, 2019 12:00am

President directs envoys to highlight HR violations in IOK

Indian claims of being secular have been vociferously belied by the controversial Citizenship (Amendment) Bill 2019 recently passed in Indian parliament, making it amply clear to the world that minorities in India, especially Muslims, are unsafe and under

Published 13 Dec, 2019 12:00am

High treason case: IHC's restraining order challenged

The Islamabad High Court (IHC) verdict barring the Special Court from announcing decision in high treason case against former army chief General Pervez Musharraf (retd) has been challenged in the Supreme Court.

Published 13 Dec, 2019 12:00am

Zardari will soon start returning money to government: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed claimed on Thursday that former president Asif Ali Zardari will soon start returning money to the government and will file a plea bargain till March 2020.

Published 13 Dec, 2019 12:00am

Blacklisting Rao Anwar: FO expresses surprise over US decision

Foreign Office on Thursday expressed surprise over the US designation of former senior superintendent of police (SSP) Malir, Rao Anwar, saying the Treasury Department failed to hold anyone responsible for the most egregious, extensively reported, and inde

Published 13 Dec, 2019 12:00am

LNG case: NAB again files reference against Khaqan, Miftah

The National Accountability Bureau (NAB) on Thursday again filed the reference against former prime minister Shahid Khaqan Abbasi, former finance minister Miftah Ismail and seven others in connection with the liquefied natural gas (LNG) case after removin

Published 13 Dec, 2019 12:00am

Khuhro visits SU

Sindh Minister for Universities and Boards Nisar Ahmed Khuhro arrived at University of Sindh, Jamshoro, visited campus prominent points and interacted with SU Vice Chancellor Prof Dr Fateh Muhammad Burfat at his camp office. Focal Person Sindh University

Published 13 Dec, 2019 12:00am

Business & Economy

Canadian HC meets Karachi businessmen

Samir Dossal, President of Toronto based Canada Pakistan Business Council hosted a business breakfast in Karachi for a group of Pakistani businessmen and professionals who were addressed by Wendy Gilmour the Canadian High Commissioner in Pakistan.

Published 13 Dec, 2019 12:00am

National Voters Day seminar: lawmakers call for ensuring women's right to franchise

Regardless of political divide, the lawmakers from different political parties came together on Thursday to reiterate enhancement of women's participation in the electoral process, and stressed on the stakeholders including the government, civil society,

Published 13 Dec, 2019 12:00am

Gold prices up by Rs 150 per tola

Gold on Thursday was traded for Rs 84,550 per tola up by Rs,150 on the local market, traders said. Increase by $10 an ounce to $1476 on the world market drove the yellow metal price to 72488 per 10 grams scaling up by Rs 126. Silver was selling for Rs 980

Published 13 Dec, 2019 12:00am

Money & Banking

Mergers & acquisitions: Shamshad for enforcing strict banking policy regime

Having registering significant number of mergers and acquisitions (M&As) in the country's banking system in last several years, Pakistan needs to tighten banking policy regime to enforce discipline in mergers and acquisitions, former Governor State Bank o

Published 13 Dec, 2019 12:00am

Business & Economy

FPCCI for enhancing commercial activities with Russia

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has emphasised on establishing of banking channels and simplification of visa for the enhancement of commercial activities between Russian and Paki

Published 13 Dec, 2019 12:00am

PIA & AMTF organise blood donation camp

PIA in collaboration with Afzaal Memorial Thalassemia Foundation organized a one-day blood donation camp at PIA Head Office on Thursday.

Published 13 Dec, 2019 12:00am

Business & Economy

PDWP approves 9 schemes for various parts of Sindh

The Provincial Development Working Party (PDWP) Thursday approved nine development schemes for various parts of Sindh.

Published 13 Dec, 2019 12:00am

Telecommunication

Oppo launches Reno2 special edition smartphone

OPPO, a leading smartphone brand, launched its new Reno2 F Shahryar Munawar Special Edition in Pakistan on December 10.

Published 13 Dec, 2019 12:00am

Business & Economy

EOBI official discusses problems with SITE Association

"There is no provision in law for inspection before one year. If any officer visits twice in a year, the matter should be brought to our notice for necessary action," This was stated by Deputy Director General (B&C-1) of E.O.B.I. Anwar Ali Zuberi, while a

Published 13 Dec, 2019 12:00am

Mayor demands funds for rehabilitation of fire brigade department

Karachi Mayor Waseem Akhter has demanded the federal government to release allocated funds for the rehabilitation of fire brigade department of the city.

Published 13 Dec, 2019 12:00am

'Wheat Yield Competition' across Punjab

Provincial Agriculture department has finalized necessary arrangements for holding "Wheat Yield Competition" across the Punjab.

Published 13 Dec, 2019 12:00am

President graces CRC's 30th anniversary celebrations

President Dr Arif Alvi attended an event celebrating the 30th anniversary of the Convention on the Right of the Child (CRC) here on Thursday.

Published 13 Dec, 2019 12:00am

RTO-II Lahore holds seminar on POS integration

Director General (Retail), Regional Tax Office-II, Lahore Abdul Hameed Memon dilated upon the salient features of Point of Sales (POS) system, requirements for its integration with computerized system Federal Board of Revenue (FBR) for real time reporting

Published 13 Dec, 2019 12:00am

Far-flung areas: Panel for launching effective poverty alleviation programme

A parliamentary panel has recommended the government to effectively launch and monitor the poverty alleviation programme in far-flung areas of the country.

Published 13 Dec, 2019 12:00am

Stocks

SECP issues Regulatory Sandbox Guidelines

The Securities and Exchange Commission of Pakistan (SECP), to promote innovation in financial sector and encourage startups, has issued Regulatory Sandbox Guidelines, 2019. This would be Pakistan's first Regulatory Sandbox in the financial services indust

Published 13 Dec, 2019 12:00am

IHCBA SG's licence suspended

The Islamabad High Court on Thursday suspended the license of Secretary General (SG) Islamabad High Court Bar Association (IHCBA) Umair Baloch and issued contempt notice to him for interfering during the court proceedings.

Published 13 Dec, 2019 12:00am

Taxes

FBR issues draft of International Transhipment Rules

The Federal Board of Revenue (FBR) Thursday issued draft of International Transshipment Rules to create an investment and trade friendly atmosphere in the country.

Published 13 Dec, 2019 12:00am

Four new polio cases surface in KP

Four fresh polio cases have reported in Khyber Pakhtunkhwa, raising the total count of polio cases so far in 2019 to 72 in the province and 98 in the whole country respectively.

Published 13 Dec, 2019 12:00am

Muslims in Denmark express satisfaction with interfaith harmony

Muslims in Denmark are satisfied with the interfaith harmony and measures taken by the government's indiscriminate policies for all segments of the society.

Published 13 Dec, 2019 12:00am

Only those who write ACRs are heard: Secretary Commerce

Secretary Commerce, Sardar Ahmed Nawaz Sukhera said on Thursday that in Pakistan only those who write Annual Confidential Reports (ACRs) of employees have a say.

Published 13 Dec, 2019 12:00am

Telecommunication

Over 700 PTCL facilities converted into solar solution

Pakistan Telecommunication Company Limited (PTCL), in its endeavor to support the Clean Green Pakistan Movement, has initiated a comprehensive project to install latest solar power systems to conserve energy and support environmental preservation at its H

Published 13 Dec, 2019 12:00am

Aman Tech's vocational camp for schoolchildren on December 20

In order to enhance skills, Aman Tech is organizing first of its kind Winter Vocational Camp for school going children from December 20th to January 3rd.

Published 13 Dec, 2019 12:00am

MQM-P concerned at non-implementation of pact with PTI

Muttahida Qaumi Movement-Pakistan (MQM-P) Thursday showed concern over the slow implementation of its pact with Pakistan Tehreek-e-Insaf (PTI) to enter into coalition government after last year's general elections.

Published 13 Dec, 2019 12:00am

Top lawyers strongly condemn lawyers' attack on PIC

The top lawyers of the country on Thursday strongly condemned the attack on Punjab Institute of Cardiology (PIC) by lawyers, saying no one should be allowed to take the law into their hands.

Published 13 Dec, 2019 12:00am

Girl saved from being killed for 'honour'

Acting on the request of Human Rights Commission of Pakistan (HRCP), the Punjab police have saved a girl from being killed in the name of 'honour' in Nankana district and arrested a suspect.

Published 13 Dec, 2019 12:00am

Assets beyond means case: Khawaja Asif summoned on December 18

The National Accountability Bureau (NAB) has summoned Pakistan Muslim League-Nawaz (PML-N) leader and former defence minister Khawaja Asif on December 18 in the assets beyond means case.

Published 13 Dec, 2019 12:00am

FIA begins probe into BRT project

Following directives is sued by the Peshawar High Court (PHC), the Federal Investigation Agency (FIA) has kicked off investigation into Bus Rapid Transit (BRT) project.

Published 13 Dec, 2019 12:00am

Graduation ceremony of junior diplomatic course held at FO

The graduation ceremony of 6-week long junior diplomatic course was held at the Ministry of Foreign Affairs on Thursday. Parliamentary Secretary for Foreign Affairs, Ms Andleeb Abbas was the Chief Guest. Foreign Secretary Sohail Mahmood also attended the

Published 13 Dec, 2019 12:00am

HEC, SEU China sign LoI

The Higher Education Commission (HEC) and Southeast University (SEU) China have signed a Letter of Intent (LoI) to collaborate for academic and research linkages.

Published 13 Dec, 2019 12:00am

Haleeb Foods launches free-education initiative

Haleeb Foods one of the leading food and Beverages Company of Pakistan has now launched another social-development initiative, titled: "Donate to Educate-Agay Barhay Ga Pakistan".

Published 13 Dec, 2019 12:00am

Model agriculture markets to be set up across Punjab

Punjab government has chalked out a well knitted plan costing Rs21.27 billion for establishing model agriculture markets in the Province. Under the programme Kisan Platforms would also be established in Subzi Manid (Vegetable Markets) across the Province

Published 13 Dec, 2019 12:00am

Accountability process: government won't show any flexibility: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said that the Pakistan Tehreek-e-Insaf (PTI) government will not show any flexibility in the process of fair and transparent accountability.

Published 13 Dec, 2019 12:00am

Taxes

FBR to set up market committees

Federal Board of Revenue (FBR) is set to announce market committees to resolve issues of traders, said sources. According to the scope of committees, as agreed by the both sides, the market committees would run a campaign for registration of new taxpayers

Published 13 Dec, 2019 12:00am

Siraj voices concern over blockage of JI's Facebook pages

Jamaat-e-Islami chief Senator Sirajul Haq has expressed concern over the blockage of official Facebook pages of the JI days ahead of its Kashmir Solidarity March in Islamabad.

Published 13 Dec, 2019 12:00am

Fauji Foundation, FCCI to set up tech education institution

Fauji Foundation (FF) and Faisalabad Chamber of Commerce & Industry (FCCI) have agreed in principle to set up a modern and state-of-the-art Technical Education Institution in Faisalabad. Meanwhile, a focal person has been nominated by FF while FCCI has co

Published 13 Dec, 2019 12:00am

Over 1,460 awarded degrees at UVAS convocation

Punjab Governor Ch Muhammad Sarwar has said that the government is committed to facilitate universities in enhancing its abilities to achieve the highest goal of knowledge and maintain good governance at institutional level by upholding merit.

Published 13 Dec, 2019 12:00am

Industry

Omega unveils The 007 edition

Daniel Craig and the 007 producers collaborate on a new James Bond timepiece. The 25th official James Bond film, No Time To Die, will be released in April 2020 and OMEGA has unveiled the new timepiece that will be worn by 007 in the film. As well as appea

Published 13 Dec, 2019 12:00am

PSC approves Quinoa variety developed by UAF

Punjab Seed Council (PSC) has approved first ever Quinoa variety, a super food, titled Q7 developed by University of Agriculture Faisalabad scientists. The varsity was developed by UAF scientist Dr Shahzad Maqsood Basra and his team including Dr Irfan Afz

Published 13 Dec, 2019 12:00am

Nine illegal housing schemes demolished in Faisalabad

The Faisalabad Development Authority (FDA) has demolished and sealed nine illegal and unapproved housing schemes at Satiana road during grand operation.

Published 13 Dec, 2019 12:00am

Business & Economy

Punjab government lifts ban on cement industry after 12 years

Provincial Minister for Industries & Trade Mian Aslam Iqbal has said that the Punjab government has lifted ban on cement industry after a gap of 12 years so that this sector could also flourish and contribute to the national economy.

Published 13 Dec, 2019 12:00am

Over 40 lawyers sent on judicial remand

An Anti-Terrorism Court (ATC) on Thursday sent to jail over 40 lawyers on judicial remand facing charges of attacking Punjab Institute of Cardiology (PIC).

Published 13 Dec, 2019 12:00am

Patients continue to suffer at PIC on 2nd day

Medical services at all departments of the Punjab Institute of Cardiology (PIC) except Coronary Care Unit (CCU) Thursday remained suspended, a day after the lawyers ransacked the PIC.

Published 13 Dec, 2019 12:00am

Telecommunication

TMB and Pakistan Bait-ul-Mal sign MoU

Telenor Microfinance Bank (TMB), Pakistan's leading microfinance bank and Pakistan Bait-ul-Mal signed a Memorandum of Understanding for the promotion of financial knowledge in women of the country. Under the agreement, the Bank will train women on the bas

Published 13 Dec, 2019 12:00am

Articles

Partly Facetious : Lawyers on the rampage

"Did you see the Lahore lawyers rampage?"

Published 13 Dec, 2019 12:00am

Money & Banking

Meezan Bank receives multiple awards at IFFSA

Meezan Bank has received a Special Award amongst multiple other category awards at the Islamic Finance Forum of South Asia (IFFSA) owing to its immense contributions to the Islamic Banking and Finance Industry in South Asia.

Published 13 Dec, 2019 12:00am

Pakistan ranks 152nd in human development index

Pakistan dropped a spot to 152nd among 189 countries in the 2019 Human Development Index, according to the United Nations Development Programme (UNDP) report.

Published 13 Dec, 2019 12:00am

Brief Recordings

'Strategic alignment across national goals should come from commitment to SDGs' an interview with Samia Khan, Senior Group Head PPAF

Samia Liaquat Ali Khan has worked in international human rights and development sector for over 20 years, with a focus on programme design, implementation, monitoring and evaluation. Currently she is serving as Senior Group Head of Graduation Group, Pakis

Updated 13 Dec, 2019 11:53am

Suu Kyi warns genocide case could reignite Rohingya crisis

Nobel peace laureate Aung San Suu Kyi urged UN judges on Thursday to throw out a genocide case against Myanmar, warning it risked reigniting the crisis that forced nearly three quarters of a million Rohingya Muslims from their homes.

Published 13 Dec, 2019 12:00am

Bangladesh plastics factory blaze kills 13

At least 13 people were killed and nearly 20 people were critically injured when a fire swept through an illegal plastics factory outside the Bangladeshi capital Dhaka, police said Thursday.

Published 13 Dec, 2019 12:00am

North Korea says US 'foolish' for calling UN security meeting

North Korea's foreign ministry on Thursday criticised the United States as "foolish" for convening a UN Security Council meeting over growing concern about short-range rockets fired from the isolated state.

Published 13 Dec, 2019 12:00am

Lebanon PM asks World Bank, IMF help with economic rescue plan

Lebanon's caretaker prime minister Thursday asked international funding bodies for support in drawing up an emergency rescue plan for his protest-wracked country.

Published 13 Dec, 2019 12:00am

Weinstein agrees to $25 million settlement

Disgraced Hollywood mogul Harvey Weinstein has reached a $25 million settlement with dozens of women who accused him of sexual misconduct, one of the women's lawyers told AFP on Wednesday.

Published 13 Dec, 2019 12:00am

Iraq suicide bomber kills seven fighters loyal to Sadr

Seven Iraqi fighters were killed north of Baghdad on Thursday when a suicide bomber attacked a base of an armed group led by Shia cleric Moqtada Sadr, the army said.

Published 13 Dec, 2019 12:00am

US tests ballistic missile over Pacific

The US Air Force tested a ground-launched ballistic missile from a California base over the Pacific Thursday, the second such test of the country's nuclear missile force in less than three months.

Published 13 Dec, 2019 12:00am

Three dead in Riyadh prison fire

A fire erupted in a Riyadh prison early Thursday, killing three inmates and injuring 21 others, Saudi state media reported. The inmates were evacuated and the injured were rushed to hospital after the fire broke out at dawn in Al-Malaz prison, jail author

Published 13 Dec, 2019 12:00am

Nigeria eases visa rules for Africans

Nigeria announced Thursday that starting next month African passport holders can apply for a visa upon arrival in the country, to encourage free circulation of people on the continent. "We in Nigeria have already taken the strategic decision to bring down

Published 13 Dec, 2019 12:00am

One dead in fire on Russia's sole aircraft carrier

A naval serviceman died and an officer was missing Thursday after Russia's only aircraft carrier caught fire in an Arctic shipyard, the latest accident to raise concern over the future of the navy flagship.

Published 13 Dec, 2019 12:00am

Scientists devise 'lifespan clock'

An Australian research team say they have come up with a "lifespan clock" which provides accurate maximum age estimates for vertebrates, a key variable in the study of both living and extinct animals.

Published 13 Dec, 2019 12:00am

EU leaders clash on climate funding, nuclear power

European Union leaders clashed at the start of a summit on Thursday over the bloc's plans to tackle climate change, arguing over how to pay for the green transition and what role nuclear power should have.

Published 13 Dec, 2019 12:00am

Energy

Asia's naphtha hits near 2-week high

Asia's naphtha crack rose for a fifth straight session on Wednesday to reach $123.55 a tonne, its highest level since Nov. 29, amid a persistent supply crunch.

Published 13 Dec, 2019 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,303.

Published 13 Dec, 2019 12:00am

Commodities

Euronext wheat futures lower in thin volumes

Euronext wheat futures ticked lower in thin volumes on Wednesday after a series of crop forecasts broadly confirmed a trend of healthy export demand and ample global supplies.

Published 13 Dec, 2019 12:00am

Commodities

Canadian canola futures down

ICE Canadian canola futures fell more than 1% on Wednesday on spillover weakness from allied US soya futures along with long liquidation by speculators and lackluster export demand, traders said.

Published 13 Dec, 2019 12:00am

Energy

US natural gas futures rise for colder weather

US natural gas futures edged higher on Wednesday on forecasts for colder weather and higher heating demand over the next two weeks than previously expected.

Published 13 Dec, 2019 12:00am

Business & Economy

Activities at Karachi and Qasim ports

The Karachi Port handled 122,992 tonnes of cargo comprising 74,262 tonnes of import cargo and 48,730 tonnes of export cargo including 5,180 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 13 Dec, 2019 12:00am

Cotton & Textile

Prices remain stable on cotton market

Prices maintained firm trend on the cotton market on Thursday in the process of moderate trading, dealers said.

Published 13 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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