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Print - 2019-12-15
President AIIB due today

President AIIB due today

President of Asian Infrastructure Investment Bank (AIIB) Jin Liqun is scheduled to visit Pakistan from December 15-17, 2019 to further strengthen cooperation between Pakistan and the AIIB. AIIB was established in December 2015 with the objective of provid
Published 15 Dec, 2019 12:00am
FATF challenge: Significant progress made: Baqir

FATF challenge: Significant progress made: Baqir

Dr Reza Baqir Governor State Bank of Pakistan (SBP) said on Saturday that Pakistan has made significant progress on the action plan of Financial Action Task Force (FATF) to get out of the grey list and the country's efforts have also been endorsed by the
Published 15 Dec, 2019 12:00am
Reduction in non-Muslim population: FO terms Indian propaganda baseless

Reduction in non-Muslim population: FO terms Indian propaganda baseless

Foreign Office on Saturday dismissed the Indian propaganda about reduction in Pakistan's non-Muslim population as 'baseless, malicious and based on inaccurate facts.' "It has been observed that various Indian politicians and commentators repeatedly peddle
Published 15 Dec, 2019 12:00am
Protests rage as US, UK warn on travel to northeast India

Protests rage as US, UK warn on travel to northeast India

Protests against a divisive new citizenship law raged Saturday as Washington and London issued travel warnings for northeast India following days of violent clashes that have killed two people so far.
Published 15 Dec, 2019 12:00am
UN climate talks unravelling, face failure

UN climate talks unravelling, face failure

A UN climate summit in Madrid risked collapsing Saturday after all-night negotiations between countries left them more divided than ever over on how to fight global warming and pay for its ravages. Diplomats from rich nations, emerging giants and the worl
Published 15 Dec, 2019 12:00am
Johnson vows to repay trust of opposition voters

Johnson vows to repay trust of opposition voters

Prime Minister Boris Johnson vowed Saturday to repay the trust of former opposition voters who gave his Conservatives a mandate to take Britain out of the European Union next month. Johnson toured a leftist bastion once represented by former Labour leader
Published 15 Dec, 2019 12:00am
President reconstitutes NEC

President reconstitutes NEC

President Dr Arif Alvi has reconstituted the National Economic Council (NEC) by replacing Makhdoom Khusro Bakhtair, Minister for National Food Security and Research with Asad Umar, newly appointed Minister for Planning, Development and Reform.
Published 15 Dec, 2019 12:00am
Licensed entities: Adjudication division given certain powers

Licensed entities: Adjudication division given certain powers

The Securities and Exchange Commission of Pakistan (SECP) has delegated powers and functions of the SECP Act 1977 to the Commissioners, Head of Department and Head of Wings of Adjudication Department-I of the Adjudication Division pertaining to the licens
Published 15 Dec, 2019 12:00am
Corporate laws: SEPB discusses key policy changes

Corporate laws: SEPB discusses key policy changes

The Securities and Exchange Policy Board (SEPB) discussed key policy changes in corporate laws to encourage listing of companies and increase capital formation, assist Federal Board of Revenue (FBR) to ensure documentation of corporate sector, facilitate
Published 15 Dec, 2019 12:00am
PM's nephew's residence raided

PM's nephew's residence raided

Punjab police raided the house of Prime Minister Imran Khan's nephew on Saturday in Lahore, after a video emerged showing him taking part in deadly hospital riots days earlier. TV channels ran footage showing Khan's nephew Hassan Niazi, a lawyer, at the h
Published 15 Dec, 2019 12:00am
CJP terms PIC incident tragic & shocking

CJP terms PIC incident tragic & shocking

Condemning the attack on Punjab Institute of Cardiology (PIC), Chief Justice Asif Saeed Khosa has said that the incident is tragic, unbelievable and shocking and it has saddened the judges as well.
Published 15 Dec, 2019 12:00am
PM, Saudi Crown Prince discuss bilateral, regional issues

PM, Saudi Crown Prince discuss bilateral, regional issues

Prime Minister Imran Khan met Crown Prince of Saudi Arabia, Mohammed Bin Salman and discussed bilateral and regional matters of interest. Both the leaders agreed to remain engaged and consult closely to take forward the premier's initiative to ensure peac
Published 15 Dec, 2019 12:00am
'Unidentified' persons damage MQM's Yadgar-e-Shuhada monument

'Unidentified' persons damage MQM's Yadgar-e-Shuhada monument

Unidentified persons damaged the Muttahida Qaumi Movement's 'Yadgar-e-Shuhada' monument Saturday. The MQM's Rabita Committee condemned the incident and said that those involved in the attack were extremists. Dr Khalid Maqbool Siddiqui said that the MQM-P
Published 15 Dec, 2019 12:00am
Zardari hospitalized

Zardari hospitalized

Pakistan Peoples Party leader Asif Ali Zardari on Saturday admitted in a private hospital for treatment, media reports said. Zardari arrived in Karachi on Friday from Rawalpindi along with Sindh Chief Minister Syed Murad Ali Shah in the latter's official
Published 15 Dec, 2019 12:00am
Musharraf moves LHC against constitution of special court

Musharraf moves LHC against constitution of special court

Former president and army chief Gen Pervez Musharraf (retd) on Saturday approached the Lahore High Court against constitution of a special court hearing a complaint against him on high treason charges and urged to declare its proceedings as unconstitution
Published 15 Dec, 2019 12:00am
Sudan's Bashir gets two years' detention for corruption

Sudan's Bashir gets two years' detention for corruption

Sudan's former president Omar al-Bashir was sentenced Saturday to two years' detention in a correctional centre for corruption in the first of several cases against the ousted autocrat. The charges stemmed from millions of dollars received by the toppled
Published 15 Dec, 2019 12:00am
Important issues in Senate: Fate of legislation hangs in the balance

Important issues in Senate: Fate of legislation hangs in the balance

The fate of legislation on important issues in the Senate hangs in the balance as opposition is not ready to extend support to any government bill and is virtually dysfunctional due to the alleged apathy of Chairman Senate Sadiq Sanjrani towards legislati
Published 15 Dec, 2019 12:00am
'Funds are in safe hands'
Letters

'Funds are in safe hands'

Constructing new water reservoirs or dams is nothing less than the fulfilment of national cause because of a variety of reasons. Country's water woes, according to the IMF, for example, have been exacerbated by climate change, power water management and a
Published 15 Dec, 2019 12:00am
UN expert report unmasks Libya arms embargo violations
Articles

UN expert report unmasks Libya arms embargo violations

From buying an Irish navy boat re-registered as a "pleasure yacht" to enlisting a Canadian firm to recruit Sudanese fighters - Libya's warring parties are running rings around a UN arms embargo. That's the upshot of a near-400-page report published this w
Published 15 Dec, 2019 12:00am
'Brexit election' raises hopes and fears in Northern Ireland
Articles

'Brexit election' raises hopes and fears in Northern Ireland

Prime Minister Boris Johnson's crushing election victory gives Britain a chance to move past years of gridlock over Brexit - especially in Northern Ireland, where social and political divides run deep. "We're leaving limbo," said Orlaith McKeever, prepari
Updated 16 Dec, 2019 06:44am
In search of productive investment
Articles

In search of productive investment

It's an established fact that investment is low in Pakistan. With low investment, the deployment of capital is in less productive sectors. The economic returns in terms of employment generation and production efficiencies are sub-optimal. The barriers to
Updated 16 Dec, 2019 06:39am
Delhi fire

Delhi fire

It's been more than five years when Prime Minister Narendra Modi's government came up with its 'Make in India' marketing slogan, but the conditions in the manufacturing sector remain largely unplanned and unregulated, leading to tragic consequences every
Updated 16 Dec, 2019 06:30am
Climate change challenge

Climate change challenge

Pakistan's vulnerability to climate change is increasing at an alarming rate. The recently released Global Climate Risk Index (CRI) report for 2020 ranks Pakistan at fifth place - a jump of three places from the previous eighth spot - among 10 countries m
Updated 16 Dec, 2019 06:28am
7th round of BPC held between Pakistan & Poland

7th round of BPC held between Pakistan & Poland

Pakistan and Poland have held the 7th round of Bilateral Political Consultations (BPC) in Warsaw and the two-sides expressed satisfaction at the friendly and cordial nature of bilateral ties, the Foreign Office said on Saturday.
Published 15 Dec, 2019 12:00am
KP CM directs for completing Kohat's schemes on priority

KP CM directs for completing Kohat's schemes on priority

Khyber Pakhtunkhwa (KP) Chief Minister Mahmood Khan has directed that all the ongoing developmental projects especially the schemes related to roads communication, higher educational institutions and other basic facilities for district Kohat should be com
Published 15 Dec, 2019 12:00am
Punjab CS for preparing comprehensive traffic management plan

Punjab CS for preparing comprehensive traffic management plan

Punjab Chief Secretary Major Azam Suleman Khan (retd) has ordered the authorities concerned to prepare a comprehensive plan for traffic management, parking, beautification of roads and use of state land in public interest.
Published 15 Dec, 2019 12:00am
Economy starts moving toward stability: PM aide
Business & Economy

Economy starts moving toward stability: PM aide

Prime Minister Advisor on Establishment, Muhammad Shehzad Arbab on Saturday said good effects of tough decision have started emerging and the economy has started moving towards stability. He said that the government will soon launch a mega Peshawar develo
Published 15 Dec, 2019 12:00am
Nestle Pakistan, CEJ organise workshop for journalists

Nestle Pakistan, CEJ organise workshop for journalists

Nestlé Pakistan in collaboration with the Centre for Excellence in Journalism (CEJ) organised a one -day workshop for nutrition and health reporters on "Basics of Nutrition and Health Reporting: Nutrition as a source of News". The training was attended by
Published 15 Dec, 2019 12:00am
Cost of Dhabeji SEZ power project falls by Rs 106 million
Energy

Cost of Dhabeji SEZ power project falls by Rs 106 million

The total cost of "Provision of Electricity for Dhabeji Special Economic Zone (SEZ)" project fell by about Rs 106 million in the approved PC-1 compared to original one, ostensibly on the back of slight depreciation in dollar value against local currency.
Published 15 Dec, 2019 12:00am
Two more polio cases reported in Sindh

Two more polio cases reported in Sindh

Two new polio cases have been reported in Sindh, bringing the country's tally to 101. If cases of vaccine-derived polio are also included, the number has reached 113. The new cases were reported from district Mipurkhas, confirmed the Emergency Operation C
Published 15 Dec, 2019 12:00am
15th Build Asia exhibition begins at Expo Centre
Business & Economy

15th Build Asia exhibition begins at Expo Centre

The 15th Build Asia 2019 exhibition has kicked off at Karachi Expo Centre. The event was inaugurated by Dr Khalid Maqbool Siddiqui Federal IT Minister and Arshad Hassan Deputy Mayor Karachi. The objective of 15th Build Asia 2019 is value addition in the m
Published 15 Dec, 2019 12:00am
Relief given to export sector not enough: PBIF
Business & Economy

Relief given to export sector not enough: PBIF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the relaxations given to the export sector are not enough as abolishing zero-rating has damaged the export sector, therefore, the facility should be given back
Published 15 Dec, 2019 12:00am
PTI MNA inaugurates children carnival, inter-school competition

PTI MNA inaugurates children carnival, inter-school competition

Prime Minister Imran Khan has been acting on his promise to introduce a uniform education system in the country after getting rid of the present multiple academic systems. For the purpose, the federal government and provinces are required to be on the sam
Published 15 Dec, 2019 12:00am
PM's nephew formally nominated in FIR

PM's nephew formally nominated in FIR

Prime Minister Imran Khan's nephew Hassan Niazi was formally nominated in Punjab Institute of Cardiology incident by the local police. In a supplementary report, Niazi has been nominated for vandalism and participating in burning of a police vehicle.
Published 15 Dec, 2019 12:00am
Prices of essential kitchen items move upward

Prices of essential kitchen items move upward

Prices of most of the essential kitchen items witnessed an increasing trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.
Published 15 Dec, 2019 12:00am
Centre releases Rs 298 billion under PSDP
Business & Economy

Centre releases Rs 298 billion under PSDP

The federal government has released Rs 298 billion (42.5 percent) including Rs 61.75 billion foreign aid (48.13 percent) for various ongoing and new development projects under the Public Sector Development Program (PSDP) 2019-20 against the total budgeted
Published 15 Dec, 2019 12:00am
Nawaz's medical report filed in LHC

Nawaz's medical report filed in LHC

The lawyer for former Prime Minister Nawaz Sharif on Saturday filed a medical report to an additional registrar of the Lahore High Court, claiming that the health of his client was still not well.
Published 15 Dec, 2019 12:00am
Politics of Bilawal will die soon: Rashid

Politics of Bilawal will die soon: Rashid

Railways Minister Sheikh Rashid Ahmad has claimed that the government will successfully overcome inflation and price-hike issues in the country in two to three months.
Published 15 Dec, 2019 12:00am
British HC holds fifth 'great debate' competition

British HC holds fifth 'great debate' competition

The British High Commission launched the fifth edition of its GREAT Debate competition with a regional round at the Government College University (GC University) Lahore here Saturday. The competition featured 20 students from 8 different universities incl
Published 15 Dec, 2019 12:00am
134 government organisations, departments sans heads

134 government organisations, departments sans heads

Pakistan Tehreek-e-Insaf (PTI) government is running the affairs of key departments on an ad hoc basis with acting charge given to heads of several government ministries/departments.
Published 15 Dec, 2019 12:00am
Russian nuclear-powered giant icebreaker completes test run

Russian nuclear-powered giant icebreaker completes test run

Russia's nuclear-powered icebreaker Arktika, touted as the strongest of its kind and a symbol of Moscow's ambition to tap the Arctic's commercial potential, returned to Saint Petersburg on Saturday after a two-day test run.
Published 15 Dec, 2019 12:00am
Mnuchin says trade deal with China to boost global economy
Global Business Economy

Mnuchin says trade deal with China to boost global economy

US Treasury Secretary Steven Mnuchin said on Saturday a "phase one" trade deal between the United States and China was "very good" for global economic growth, and added that the second phase could come in several steps. The United States and China cooled
Published 15 Dec, 2019 12:00am
Malaysian PM again hints he could stay on beyond 2020

Malaysian PM again hints he could stay on beyond 2020

Malaysia's 94-year-old Prime Minister Mahathir Mohamad again raised the prospect on Saturday that he could stay in office beyond 2020, declining to give a definitive pledge to step down. Mahathir returned to power last year after dealing a historic electi
Published 15 Dec, 2019 12:00am
Singapore invokes fake news law over opposition party posts

Singapore invokes fake news law over opposition party posts

Singapore's government invoked a fake news law on Saturday to order an opposition party to publish corrections on two social media posts and an article on its website about local employment, an official statement showed.
Published 15 Dec, 2019 12:00am
Italy's 'Sardines' pack Rome for anti far-right rally

Italy's 'Sardines' pack Rome for anti far-right rally

Tens of thousands of members of Italy's youth-driven Sardine Movement on Saturday rallied in Rome, as part of their campaign to battle xenophobia and shake up the country's politics. The "Sardines" have become a symbol of protest against far-right firebra
Published 15 Dec, 2019 12:00am
Deforestation in Brazil's Amazon up by more than double

Deforestation in Brazil's Amazon up by more than double

Deforestation in Brazil's Amazon in November surged by 104 percent compared to the same month in 2018, according to official data released Saturday. The 563 square kilometers (217 square miles) deforested that month is also the highest number for any Nove
Published 15 Dec, 2019 12:00am
North Korea conducts 'crucial test' at Sohae launch site: KCNA

North Korea conducts 'crucial test' at Sohae launch site: KCNA

North Korea has conducted another "crucial test" at its Sohae satellite launch site, state media reported Saturday, as nuclear negotiations between Pyongyang and Washington remain stalled with a deadline approaching.
Published 15 Dec, 2019 12:00am
UK stocks may move from Brexit fear to 'fear of missing out'
Stocks

UK stocks may move from Brexit fear to 'fear of missing out'

The scale of Boris Johnson's election victory on Thursday may be enough to draw back billions of pounds of investment that have sidestepped UK stocks for years over Brexit, mirroring the US market surge seen after Donald Trump's election three years ago.
Published 15 Dec, 2019 12:00am
Wall Street steady as US, China announce trade deal
Stocks

Wall Street steady as US, China announce trade deal

The S&P 500 and the Dow industrials ended little changed on Friday, hitting record highs in the session, as the United States and China announced an initial trade agreement, cooling tensions that have rattled markets.
Published 15 Dec, 2019 12:00am
Canadian dollar clings to weekly gain
Money & Banking

Canadian dollar clings to weekly gain

The Canadian dollar edged lower against its US counterpart on Friday but held near an earlier five-week high as the reduction of some global investment risks weighed on the greenback.
Published 15 Dec, 2019 12:00am
Lebanon dollar-bonds rally
Money & Banking

Lebanon dollar-bonds rally

Lebanon's sovereign dollar-denominated bonds rallied on Thursday after prime minister Saad al-Hariri discussed the possibility of technical assistance to draw up a rescue plan with the International Monetary Fund and the World Bank.
Published 15 Dec, 2019 12:00am
Dollar down after US-China trade deal
Money & Banking

Dollar down after US-China trade deal

The dollar edged lower against a basket of currencies on Friday as news of an initial China-US trade deal and an election victory for Britain's Brexit-backing Conservative Party appeared to clear the fog on the global investment horizon, hurting safe-have
Published 15 Dec, 2019 12:00am
Cotton prices higher on strong demand
Cotton & Textile

Cotton prices higher on strong demand

Prices moved higher on the cotton market on Saturday as mills showed interest in buying of fine quality to replenish their stock, dealers said. The official spot rate was unchanged at Rs 8750, they added. In ready session, over 9,000 bales of cotton chang
Published 15 Dec, 2019 12:00am
Tunisia tenders to buy wheat, barley
Commodities

Tunisia tenders to buy wheat, barley

Tunisia's state grains agency has issued an international tender to purchase around 100,000 tonnes of durum wheat, 92,000 tonnes of soft wheat and 50,000 tonnes of animal feed barley, European traders said on Thursday.
Published 15 Dec, 2019 12:00am
Chinese iron ore futures edge lower
Commodities

Chinese iron ore futures edge lower

Benchmark iron ore futures edged lower on Thursday as concerns resurfaced over demand in top steel producer China, where fresh production curbs loomed in the country's biggest steelmaking region.
Published 15 Dec, 2019 12:00am
Boucher named South Africa coach
Cricket

Boucher named South Africa coach

Former Test wicketkeeper Mark Boucher was on Saturday named as South African team head coach until 2023. An upbeat Boucher said South African cricket had been through "trying times" but added that he was confident that the national team could be successfu
Published 15 Dec, 2019 12:00am
Historic Pakistan Test: Fourth day's play called off
Cricket

Historic Pakistan Test: Fourth day's play called off

Overnight rain and poor light continued to mar Pakistan's first home Test in a decade on Saturday, with officials calling the fourth day off before play had begun. Groundsmen wiped water from the pitch covers and rolled out a super sopper, but overcast co
Published 15 Dec, 2019 12:00am
Leisure Leagues another event at Happy Home branch begins
Football

Leisure Leagues another event at Happy Home branch begins

After starting a league at Happy Home Society Campus recently, Leisure Leagues has started the second six-a-side football league at the school's Gulshan Campus as well. A total of eight teams from the school are featuring in the tournament and each team w
Published 15 Dec, 2019 12:00am
Pakistan women cricket team takes 4th spot in ICC Championship
Cricket

Pakistan women cricket team takes 4th spot in ICC Championship

Pakistan Women Cricket Team and England Women Team shared a point each as rain washed-out the third and final ICC Women's Championship ODI between them at Kinrara Oval, Kuala Lumpur on Saturday. The addition of one point took Pakistan's tally to 16 and sa
Published 15 Dec, 2019 12:00am
YOUR RUPEE LAST MONTH
Rates

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (November 1 to 29, 2019)

Published 15 Dec, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (December 14, 2019) and the forecast for Sunday (December 15, 2019).

Published 15 Dec, 2019 12:00am
Bullion Rates
Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 14, 2019).

Published 15 Dec, 2019 12:00am
Cotton Spot Rates
Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 14, 2019).

Published 15 Dec, 2019 12:00am
Hides and skin rates
Rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 14, 2019).

Published 15 Dec, 2019 12:00am
Automart: car prices in Karachi
Rates

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 14, 2019).

Published 15 Dec, 2019 12:00am