News Archives for Print - 2019-12-17

Print - 2019-12-17

Thar power project: IA signed to generate $1.9 billion

The Implementation Agreement (IA) of Pakistan's largest Thar coal-based power generation project of 1,320 MWs capacity has been signed at Private Power and Infrastructure Board (PPIB) for generating financing of $ 1.9122 billion as the cumulative project

Published 17 Dec, 2019 12:00am

Detailed verdict: SC identifies 'deficiencies' in army law

The Supreme Court has clarified if the government fails to legislate tenure and terms of service of a general and consequently as Chief of Army Staff (COAS) through Parliament within six months, the three-year institutional practice of retirement of a gen

Published 17 Dec, 2019 12:00am

First four months of FY20: Development spending surges

Ministry of Finance has claimed that development spending during the first four months witnessed a growth of 27 percent as compared to the same period of the last financial year, reflecting an impressive 18 percent increase in one month.

Published 17 Dec, 2019 12:00am

Stocks

Energy sector leads PSX gains: BRIndex100 advances

Fresh buying in almost all sectors Monday supported the Pakistan Stock Exchange to close on strong positive note.

Published 17 Dec, 2019 12:00am

Fall of Dhaka, attack on APS: 'Profound lessons' learnt: CJP

Chief Justice Asif Saeed Khosa has said the incidents of Fall of Dhaka and attack on Army Public School Peshawar have taught the nation profound lessons that the State should take care of its citizens' rights.

Published 17 Dec, 2019 12:00am

$5.5 billion loans: Government seeking extension for repayment period: Azhar

Federal Minister for Economic Affairs Division Muhammad Hammad Azhar has said that Pakistan Tehreek-e-Insaf (PTI) government is negotiating with the Kingdom of Saudi Arabia, the United Arab Emirates (UAE) and Qatar to extend the periods of repayment of $

Published 17 Dec, 2019 12:00am

Central European mayors sign 'pact of free cities'

Four central European capitals, all at odds with their countries' populist governments, signed a deal Monday in Budapest to seek more EU funding together to bypass their nations' rulers.

Published 17 Dec, 2019 12:00am

Gas sector performance: Government partially implements steps proposed by IMF

The federal government has partially implemented measures proposed by the International Monetary Fund (IMF) to improve the gas sector performance, sources said.

Published 17 Dec, 2019 12:00am

Nepra law: Thus far, no amendments introduced

The government has not yet introduced in parliament proposed amendments to the Nepra Act which was one of the key benchmarks of IMF's second quarter review, well-informed sources told Business Recorder.

Published 17 Dec, 2019 12:00am

PKR forward maturities to be settled on SOD basis

Pak Rupees (PKR) forward maturities would be settled on Start-of-Day (SOD) basis with effect from Dec 23, 2019, a circular issued by the State Bank of Pakistan (SBP) said.

Published 17 Dec, 2019 12:00am

Debt instruments: Rising foreign investment shows investor confidence: SBP

The State Bank of Pakistan (SBP) Monday said that increasing foreign investment in government's debt instruments is a manifestation of growing confidence of international investors on the positive outlook of Pakistan's economy.

Published 17 Dec, 2019 12:00am

'The State of Pakistan's Economy' reports: SBP questioned over 'factual errors'

There are a host of factual errors and oversights relating to provincial revenues in the central bank's State of Economy report 2018-19, contends the Sindh Revenue Board (SRB). The SRB maintains that these errors paint a poor picture of provincial tax aut

Published 17 Dec, 2019 12:00am

Hamad confers highest civilian award on PM

King of Bahrain Hamad Bin Isa Al Khalifa Monday conferred upon Prime Minister Imran Khan the highest civil award of Bahrain "The King Hamad Order of the Renaissance" at a ceremony held here.

Published 17 Dec, 2019 12:00am

Army Chief extension case: Lawmakers for legislation through consensus

As the Supreme Court announced its verdict in Army Chief extension case, the lawmakers from both the treasury and opposition said the issue is pertaining to security of the country and there should be legislation through consensus.

Published 17 Dec, 2019 12:00am

New criteria added to ST section: Cottage industry turnover threshold reduced to Rs 3 million

The government has maintained that annual turnover threshold of cottage industry has been reduced from Rs 10 million to Rs 3 million but three new criteria have been added to the sales tax section dealing with the industry.

Published 17 Dec, 2019 12:00am

India protests rage over 'anti-Muslim' law

Fresh protests rocked India on Monday as anger grew over new citizenship legislation slammed as anti-Muslim, after six people died in the northeast and as many as 200 were injured in New Delhi.

Published 17 Dec, 2019 12:00am

Deadline for filing tax returns extended till December 31

After the circulation of an unverified circular on the date extension on social media, the FBR late Monday night extended the date for filing of Income Tax returns/statements for the Tax Year 2019 for individuals and Associations of Persons (AoPs) up to D

Published 17 Dec, 2019 12:00am

At least 11 injured in Peshawar 'blast'

At least 11 people, including a policeman, were injured here on Monday during a cylinder blast in an auto-rickshaw outside the Khyber Pakhtunkhwa Assembly and the Peshawar High Court's main gate. Soon after the blast, Police and bomb disposal squad rushed

Published 17 Dec, 2019 12:00am

PM for Pak-US broad-based, enduring partnership

Prime Minister Imran Khan has emphasized the need for broad-based and enduring partnership between Pakistan and the US for peace, prosperity and development in the region. The Prime Minister was talking to the visiting US Senator Lindsey Graham during a m

Published 17 Dec, 2019 12:00am

Letters

Legislative stalemate

It is quite unfortunate that the 'crisis' of Election Commission of Pakistan (ECP) continues to persist. It is virtually dysfunctional due to the alleged apathy of Chairman Senate Sadiq Sanjrani towards legislative business. Although there are some cogent

Updated 17 Dec, 2019 11:15am

Articles

Villains or visionaries? Hedge funds short companies they say 'greenwash'

Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity.

Updated 17 Dec, 2019 11:49am

Articles

Exports: key to sustainable economy

It is encouraging to see evidence that Pakistan is on the road to recovery in terms of economic stability and growth. With a26% quantitative increase in textile exports, the first current account surplus in decades amounting to $20 million, and a place am

Updated 17 Dec, 2019 10:04am

An unwelcome change

Overhaul of the bureaucracy for the attainment of its policy objectives and to make it more responsive to public needs has figured prominently in PTI government's reform agenda. The change under way is anything but progressive. The Central Selection Board

Updated 17 Dec, 2019 07:02am

December 16

On December 16, 1971, the then East Pakistan separated from Pakistan and became Bangladesh - a bitter reality that could have been averted had the leaderships in the two wings acted less selfishly and more prudently. It was the shared interest in protecti

Updated 17 Dec, 2019 07:02am

Trade data

According to the latest trade data released by the Pakistan Bureau of Statistics (PBS), exports declined in November 2019 in comparison to October 2019 by negative 1.04 percent in rupees terms and negative 0.64 percent in dollar terms. This decline in exp

Updated 17 Dec, 2019 07:02am

Energy

All LNG reference co-accused summoned by AC

The Accountability Court on Monday summoned all the 10 co-accused in the LNG (liquefied natural gas) reference on January 6 and extended the judicial remand of former prime minister Shahid Khaqan Abbasi and ex-finance minister Miftah Ismail till then (Jan

Published 17 Dec, 2019 12:00am

Firdous explains government's approach to accountability

Special Assistant to the Prime Minister on Information and Broadcasting Firdous Ashiq Awan has said the government believes in across the board accountability by empowering the institutions.

Published 17 Dec, 2019 12:00am

Cold, dry weather expected in most parts

A cyclonic over northwest China is likely to start affecting north and northwest region of Pakistan in the next two days, the Met Office said on Monday.

Published 17 Dec, 2019 12:00am

Qureshi, not Imran, to attend KL summit

Prime Minister Imran Khan has cancelled his trip to Malaysia for attending Kuala Lumpur (KL) Summit, an initiative of Prime Minister Mahathir Mohamad, and instead Foreign Minister Shah Mehmood Qureshi will represent Pakistan in the Summit.

Published 17 Dec, 2019 12:00am

KMDC convocation on December 19

The 7th Convocation of the Karachi Medical & Dental College (KMDC) will be held on 19th December. As many as 245 MBBS and 86 BDS students would be conferred with degrees. As per Karachi Metropolitan Corporation KMC officials, a total of 23 MBBS and 22 BDS

Published 17 Dec, 2019 12:00am

Pakistan re-elected VP for COP26

After receiving global recognition for significant environmental conservation initiatives at the United Nations Framework Convention on Climate Change (UNFCCC) 25th Conference of Parties (COP25) in Madrid, Spain, Pakistan was re-elected as Vice President

Published 17 Dec, 2019 12:00am

Business & Economy

Rashid announces 'free track policy'

Federal Minister for Railways Sheikh Rashid Ahmad on Monday announced 'Free Track Policy' for the private clients who could use the railway track for trains. "The move would help the PR to enhance its earnings besides boosting the economy of the country,"

Published 17 Dec, 2019 12:00am

NA condemns Indian Citizenship Amendment Act 2019

The National Assembly on Monday passed a unanimous resolution condemning the Indian Citizenship Amendment Act, 2019, which is a discriminatory law against minorities especially Muslim, and human rights abuses in Occupied Kashmir.

Published 17 Dec, 2019 12:00am

Energy

KUC-I well in Sindh: OGDCL begins shale gas drilling operations

OGDCL has commenced drilling operations for first Shale Gas Well, KUC-01 in District Hyderabad, Sindh province from December 14, 2019. OGDCL has technically planned to drill KUC-1 well in two phases. The first well is planned to be drilled in vertical sec

Published 17 Dec, 2019 12:00am

SU convocation to be held on December 21

A meeting of the organizing committee for Academic Convocation 2017-18 to be held on December 21, 2019 at University of Sindh, Jamshoro was convened Senate Hall of the Vice Chancellor Secretariat under the chairmanship of VC-SU Prof Dr Fateh Muhammad Burf

Published 17 Dec, 2019 12:00am

PMA lauds court for ordering resumption of old dog-culling method

Pakistan Medical Association (PMA) has appreciated the order of Sukkur Bench of Sindh High Court for resuming old methods for culling stray dogs to save precious human lives in the province of Sindh.

Published 17 Dec, 2019 12:00am

Business & Economy

Government to initiate Rs 7.9 billion 'BLEP' through foreign funding

The government will initiate Rs7.9 billion worth of Balochistan Livelihood and Entrepreneurship Project (BLEP) wholly through international funding to promote employment opportunities and sustainability of enterprises in eight districts of the province, w

Published 17 Dec, 2019 12:00am

Mirza assumes charge as NAB DG, Karachi

Najaf Quli Mirza PSP (BPS-21) has assumed the charge as Director General NAB Karachi on Monday. According to sources, Quli Mirza was the first officer who kicked off investigation on the fake accounts case on the request of Financial Monitoring Unit (FMU)

Published 17 Dec, 2019 12:00am

Centre embarks upon Rs 3.36 billion sanitary project in Gilgit

With an estimated cost of Rs 3.36 billion, the federal government has embarked upon a mega sanitary sewerage system along with a treatment plant for the picturesque Gilgit City.

Published 17 Dec, 2019 12:00am

Business & Economy

Clearing agents: Directives issued for regularising provisional licenses: FPCCI

Member Customs (Operations), Dr Jawwad Uwais Agha is said to have issued directives to the chief collector to regularise all provisional licenses of customs clearing agents issued more than five years ago on profile basis.

Published 17 Dec, 2019 12:00am

Business & Economy

Emirates appoints Sarhan as VP for Pakistan

The Emirates airline has announced the appointment of Mohammad Sarhan as its new vice president for Pakistan. This is part of the airline's management rotation and positions it to better serve customer needs and respond with agility to market dynamics.

Published 17 Dec, 2019 12:00am

Business & Economy

KATI urges Sindh CM to reprimand KWSB officials

The President of Korangi Association of Trade & Industry (KATI), Sheikh Umer Rehan has urged Sindh Chief Minister Murad Ali Shah to take personal interest in resolving concerns of industries relating to Karachi Water & Sewerage Board (KWSB). "We know that

Published 17 Dec, 2019 12:00am

CCP imposes penalty on PFMA

The Competition Commission of Pakistan (CCP) has held that Pakistan Flour Mills Association (PFMA) violated Section 4 of the Competition Act, 2010 by fixing the price of wheat flour, providing a platform to share commercially sensitive information and fix

Published 17 Dec, 2019 12:00am

Appointment of Abrarul Haq as PRCS chief: IHC grants AAG time for preparation of arguments

The Islamabad High Court (IHC) Monday granted time to additional attorney general (AAG) for preparation of arguments in a petition challenging appointment of Pakistan Tehreek-e-Insaf (PTI) leader Abrarul Haq as chairman Pakistan Red Crescent Society (PRCS

Published 17 Dec, 2019 12:00am

SNGPL disconnects 992 illegal connections

The Sui Northern Gas Pipeline Limited (SNGPL) during crackdown against gas theft on Monday disconnected 992 illegal connections, changed 261 suspected meters and registered FIR against six persons.

Published 17 Dec, 2019 12:00am

Plastic company gutted

A plastic company located in Landhi Industrial Zone caught huge fire here on Monday morning. According to sources present at the site of incident, the fire erupted at around 6:am, which was so intense that it turned the entire company possessions [plastic

Published 17 Dec, 2019 12:00am

Business & Economy

SPI inflation falls 0.53 percent WoW

The Sensitive Price Index (SPI) based inflation for combined income groups during the week ended on December 12, 2019 witnessed a reduction of 0.54 percent against December 5, 2019 as it came down from 130.77 points to 130.06 points, said the data release

Published 17 Dec, 2019 12:00am

Money & Banking

BankIslami partners with Golootlo

BankIslami has entered into an agreement with Decagon Pakistan Pvt Ltd (Golootlo), which will allow the bank's customers a hassle-free access to all the Golootlo discounts available nationwide.

Published 17 Dec, 2019 12:00am

Business & Economy

PepsiCo highlights sustainability efforts in four key areas

A leading beverage company on Monday informed experts/social enterprises, creative businesses about its sustainability efforts in four key areas i.e. next generation agriculture practices, access to safe water, women empowerment and youth employment.

Published 17 Dec, 2019 12:00am

Fake accounts case: AC issues arrest warrants for Ghani Majeed

The accountability court on Monday issued arrest warrants of Abdul Ghani Majeed, one of the main accused in the fake bank accounts case, in a related multibillion rupees scam.

Published 17 Dec, 2019 12:00am

Taxes

Customs seizes 11 houbara bustards

Model Customs Collectorate (MCC), Preventive, Karachi on Monday claimed to have seized 11 Houbara Bustards (Tiloor) at Moachko Check Point. According to details, the seizure was made on a credible information, which revealed that the smuggling of substant

Published 17 Dec, 2019 12:00am

Business & Economy

Carrefour, Daraz sign partnership agreement

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia has signed a partnership agreement with the leading online marketplace Daraz. This collaboration is a strategic alliance, which wi

Updated 17 Dec, 2019 11:19am

APS carnage shall never be forgotten: COAS

Chief of Army Staff (COAS) General Qamar Javed Bajwa on Monday has said the horrific carnage of Army Public School that claimed lives of over 140 people including students will never be forgotten. In a post on social-networking website, the top army offic

Published 17 Dec, 2019 12:00am

Cotton & Textile

Duty-free import of cotton: MoC to send summary to ECC

Ministry of Commerce (MoC) is to send a summary to the Economic Coordination Committee (ECC) of the Cabinet for duty free import of cotton aimed at bridging gap between demand and supply, sources close to Commerce Advisor told Business Recorder.

Published 17 Dec, 2019 12:00am

IAF claim of shooting down F-16 'dubious': Fair

Christine Fair - an expert on South Asian political and military - has ruled out the possibility that India had shot down a Pakistani F-16 in February this year.

Published 17 Dec, 2019 12:00am

SSUET organises speech competition

Principal of National College Professor Anees Ahmed Zaidi has said that suffocated society generates no new thought. Speaking as chief guest at a speech competition organised at Sir Syed University of Engineering & Technology (SSUET) in regard of SSUET si

Published 17 Dec, 2019 12:00am

Business & Economy

Proton, Al-Haj Automotive to start making cars in Karachi by 2021

Malaysian car manufacturer Proton and Pakistan's Al-Haj Automotive will start manufacturing of several models of cars in 2021 in Karachi. This was stated by Proton in a press release following Malaysian government handed over a Proton X70 car to governmen

Published 17 Dec, 2019 12:00am

Business & Economy

IMC wins Toyota Commendable Kaizen Award

IMC has been awarded the Commendable Kaizen Award in the seventh cycle of Customer Satisfaction Kaizen Evolution (CSKE). The competition is hosted by Toyota Motor Asia Pacific (TMAP) every year and all affiliates from the Asia Pacific region take part in

Published 17 Dec, 2019 12:00am

FFC wins Safa Award 2018

Fauji Fertilizer Company Limited's Annual Report 2018 has been declared overall winner in the "Manufacturing Sector" of South Asian Federation of Accountants (SAFA) Best Annual Report Awards 2018. The Company has also been awarded with two Merit Certifica

Published 17 Dec, 2019 12:00am

GCU pays tribute to martyrs of APS

Time could never heal or make us forget the school children who went to school and never came back, said Professor Dr Asghar Zaidi, the Vice Chancellor of Government College University Lahore, while addressing a walk on Monday organized in connection with

Published 17 Dec, 2019 12:00am

Cotton & Textile

'Economy is finally on right track now'

The economy is "finally on the right track now" and its results are also surfacing with a positive note, said Federal Parliamentary Secretary for Pakistan Railways Farrukh Habib. He was addressing a reception dinner hosted in his honour by All Pakistan Be

Published 17 Dec, 2019 12:00am

High treason case: LHC issues notice to government

The Lahore High Court (LHC) on Monday issued notice to the federal government for Tuesday on an application of former president General Pervez Musharraf (retd) praying the court to declare trial proceeding pending before a special court as unconstitutiona

Published 17 Dec, 2019 12:00am

Energy

'Volume of power sector circular debt rises to Rs 1.7 trillion'

Pakistan Engineering Council Chairman Engineer Jawed Salim Qureshi claimed on Monday that the volume of power sector circular debt has risen to about Rs1.7 trillion which is a potential threat to the country's economy and power sector.

Published 17 Dec, 2019 12:00am

1,000 cops to provide 'foolproof' security to polio workers

Amid serious security threats and coping with increasing attacks on polio workers in different parts of the country, the Punjab police have placed services of almost 1,000 cops at the disposal of the City District Government to provide foolproof security

Published 17 Dec, 2019 12:00am

Change in valuation system in the offing, says DG

Director General Valuation Mukarram Jah Ansari has said that a big change in the valuation system in line with international best practices for appraisement would bring a good change and positive effect for industry and trade will take place.

Published 17 Dec, 2019 12:00am

Energy

China's role in power sector highlighted

Deputy Counsel General of China Peng Zhengwu has said that China is extending full support to Pakistan and power plants based on technology being used in Beijing have been installed here for resolving energy crisis.

Published 17 Dec, 2019 12:00am

CM vows to eliminate polio virus through collective efforts

Inaugurating the five-day long province-wide anti-polio campaign by administering anti-polio drops to the children, the Punjab chief minister Sardar Usman Buzdar has expressed his resolve to eliminate the polio virus with collective efforts.

Published 17 Dec, 2019 12:00am

Articles

Partly Facetious: Sheikh Rashid never remains in wilderness for long

"A new breed of chief executives has surfaced - a breed that does not like to be criticized, refuses to abide by the constitution and laws governing their country and believe in ethnic/religious/sectarian cleansing - whether it be Modi's India or Oban's H

Updated 17 Dec, 2019 09:50am

Counsel describes reference against judge as 'colorable exercise of power'

Munir A Malik, the counsel for Justice Qazi Faez Isa has argued if the licence is given to the executive for the covert surveillance, breach of confidentiality and investigation without lawful authority to collect material against judges then it will dest

Published 17 Dec, 2019 12:00am

Brief Recordings

Security Paper Limited

Security Paper Limited (PSX: SEPL) was established in 1965 and became a public limited company in 1967, listed on the stock exchange. Its products include security paper for banknotes essentially. Other security paper includes Prize Bonds, Defence Savings

Updated 17 Dec, 2019 07:51am

France's pensions chief resigns as strike hits 12th day

The French official leading a controversial pensions overhaul stepped down on Monday over a scandal involving undeclared payments, as a crippling transport strike against the proposals entered its 12th day, imperilling the holiday plans of thousands.

Published 17 Dec, 2019 12:00am

India court convicts former ruling lawmaker of teen rape

A former ruling party lawmaker was convicted Monday of raping a teenager in a high-profile case that underscored India's rampant sexual violence and the impunity enjoyed by the elite.

Published 17 Dec, 2019 12:00am

Dubai arrests Dutch 'most wanted' crime lord

Dubai police on Monday arrested the alleged head of a cocaine-trafficking gang described as the most wanted man in the Netherlands, officials said.

Published 17 Dec, 2019 12:00am

Germany agrees CO2 pricing deal after gruelling debate

Lawmakers in Germany reached a hard-fought compromise on carbon pricing early on Monday, breaking a parliamentary deadlock on the government's much-disputed climate policy reforms.

Published 17 Dec, 2019 12:00am

Sri Lanka arrests Swiss embassy staffer over kidnap claim

A Sri Lankan working at the Swiss embassy in Colombo, who sparked a diplomatic spat after claiming she was kidnapped and forced to divulge sensitive information, was arrested Monday for allegedly making a false accusation.

Published 17 Dec, 2019 12:00am

UK PM clears 'Russian meddling' report for publication

Prime Minister Boris Johnson has cleared for publication a parliamentary report into alleged Russia interference in British politics, his spokesman said on Monday, but no date has been set for its release.

Published 17 Dec, 2019 12:00am

Turkey sends armed drone to N Cyprus amid gas dispute

A Turkish military drone was delivered to northern Cyprus on Monday amid growing tensions over Turkey's deal with Libya that extended its claims to the gas-rich eastern Mediterranean.

Published 17 Dec, 2019 12:00am

Suspect in 'dirty war' murder extradited to Argentina

An Argentine ex-police officer linked to the murder of hundreds of people during the country's "dirty war" arrived in Buenos Aires on Monday, after France extradited him to face trial over the disappearance of a student.

Published 17 Dec, 2019 12:00am

Iran slams US for dreaming up 'imaginary enemies'

Iran on Monday accused the United States of dreaming up "imaginary enemies" after Washington warned there would be a stiff response if US interests in Iraq are attacked.

Published 17 Dec, 2019 12:00am

Xi gives Hong Kong leader 'unwavering support'

Chinese President Xi Jinping told beleaguered Hong Kong leader Carrie Lam on Monday that she had Beijing's "unwavering support" despite another huge pro-democracy rally earlier this month and her government's thrashing at recent local elections.

Published 17 Dec, 2019 12:00am

November 2019 was second hottest on record: US

Last month was the second hottest November in the 140-year global climate record, a US government agency said Monday, adding that polar sea ice also shrank to near-record lows.

Published 17 Dec, 2019 12:00am

NATO faces most 'complex security' environment in its history: chief

NATO chief Jens Stoltenberg said on Monday the powerful western military alliance was facing the most "complex security" environment in its history amid rising tensions between member states. His words come after a NATO summit earlier this month in Britai

Published 17 Dec, 2019 12:00am

Money & Banking

Turkish lira hits weakest level against dollar

Turkey's lira declined some 0.6% against the dollar on Monday to its weakest in almost two months, on concerns over ties with the United States and expectations of further central bank rate cuts.

Published 17 Dec, 2019 12:00am

Money & Banking

Major currencies await deal details in Asia

Currencies made a muted response to the US-China trade deal on Monday, as last week's brief relief that an agreement had been reached was replaced by frustration at a lack of details, and a reluctance to make big bets as Christmas draws near.

Published 17 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar ticks lower

The foreign exchange market was on hold Monday morning, with the US dollar slightly lower in anticipation of further details on the US-China trade agreement. US President Donald Trump's top trade negotiator, Robert Lighthizer, praised a "phase one" US-Chi

Published 17 Dec, 2019 12:00am

Money & Banking

Trade-sensitive units below four-month highs in Europe

Trade-sensitive currencies such as the Australian dollar and Chinese yuan held below four-month highs on Monday as relief following a US-China trade agreement gave way to caution due to lack of details.

Published 17 Dec, 2019 12:00am

Money & Banking

FX turnover drops for a second consecutive month in November

Average daily foreign exchange trading volumes fell 4.2% year-on-year in November, CLS said on Monday, as long-running trade talks between the United States and China and the run-up to the British election suppressed broader market volatility.

Published 17 Dec, 2019 12:00am

Money & Banking

Most Asian currencies stay range-bound

Most emerging Asian currencies moved in tight ranges on Monday, as market participants awaited more concrete details on a phase one trade agreement between the United States and China that was announced last week.

Published 17 Dec, 2019 12:00am

Money & Banking

CEE forex edges up

Central European currencies edged up on Monday, with markets awaiting details of trade agreement between the United States and China. The United States will reduce some tariffs in exchange for what US officials said would be a jump in Chinese purchases of

Published 17 Dec, 2019 12:00am

Money & Banking

Election-happy pound looks past weak economic data

The pound rose on Monday, still boosted by last week's general election victory for the pro-Brexit Conservative party, even in the face of data showing that British businesses this month suffered their worst downturn since mid-2016.

Published 17 Dec, 2019 12:00am

Money & Banking

Australia, New Zealand dollars ease

The Australian and New Zealand dollars retreated from around four-month highs on Monday, as traders took profits following sharp rallies in recent weeks.

Published 17 Dec, 2019 12:00am

Other

AWT Investments signs MoU for Charity Golf Tournament

AWT Investments, an Investments Management Company, a wholly owned subsidiary of Army Welfare Trust signs Memorandum of Understanding with Marie Adelaide Leprosy Centre and Chief Financial Officers' Club, for an Annual Charity Golf Tournament in honour of

Published 17 Dec, 2019 12:00am

Cricket

England batsmen must go big to beat South Africa, says Silverwood

Head coach Chris Silverwood said on Monday that England's batsmen would need to post big first innings totals if they are to win the four-match World Test Championship series against South Africa which begins on Boxing Day.

Published 17 Dec, 2019 12:00am

Cricket

From 'ignored' to adored: Abid turns hero in homecoming Test

Abid Ali was once shunned by Pakistan selectors who thought he was overweight, but his persistence and patience paid off as he set a world first in the homecoming Test against Sri Lanka. Ten years after a militant attack on Sri Lanka's team made Pakistan

Published 17 Dec, 2019 12:00am

Cricket

Tendulkar finds hotel worker who gave him batting advice

A hotel worker whose unsolicited advice helped the batting of cricket legend Sachin Tendulkar has been located after the Indian superstar launched an appeal. The worker approached Tendulkar about 19 years ago at the hotel where he worked in Chennai, sayin

Published 17 Dec, 2019 12:00am

Other

Over 135 players involved in tennis betting scandal

More than 135 tennis players, including one ranked in the ATP top 30, are implicated in an international betting scandal, German media reported Sunday. According to a joint report by daily newspaper Die Welt and broadcaster ZDF, the players are subject to

Published 17 Dec, 2019 12:00am

Cricket

CM Punjab felicitates Abid Ali

Punjab Chief Minister Sardar Usman Buzdar has extended felicitations to cricketer Abid Ali for his debut test century against Sri Lanka. In a message, the Chief Minister said that Abid Ali and his coach deserves accolades for his wonderful performance add

Published 17 Dec, 2019 12:00am

Cricket

Pakistan cricket stars keen to play first Test in Karachi

After having played their first Test on Pakistani soil, the national men's team cannot wait for the second and final Test against Sri Lanka which will be played at the iconic National Stadium in Karachi. Pakistan have enjoyed a phenomenal record in Test c

Published 17 Dec, 2019 12:00am

Other

Sindh win Third Para Taekwondo National Championship

The third edition of National Para Taekwondo Championship concluded here at National Coaching Center in Karachi on Sunday where over 150 athletes from across the country participated. Patron-in-Chief Pakistan Para Taekwondo Wing of Pakistan Taekwondo Fede

Published 17 Dec, 2019 12:00am

Football

Peshawar, Chitral in final of Ufone Khyber Pakhtunkhwa Football

Peshawar's Tehmas Khan Stadium witnessed two historic games of football here on Monday. The two semifinals of Ufone Khyber Pakhtunkhwa Football tournament were played amongst the presence of local audience. Before the semifinals, the players, officials an

Published 17 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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