News Archives for Print - 2019-12-19

Print - 2019-12-19

Murad directs police to ensure safety & security of masses

Sindh Chief Minister Syed Murad Ali Shah while presiding over a meeting of Provincial Public Safety & Police Complaint Commission (PPS&PCC) has directed Sindh police to ensure proper safety & security of the people of the province.

Published 19 Dec, 2019 12:00am

Stocks

Wednesday's early trade: S&P, Nasdaq hit new record highs; FedEx tumbles

The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors' optimism about the global economy remained strong, while a steep drop in FedEx shares limited further gains.

Published 19 Dec, 2019 12:00am

Stocks

Japan shares fall

Japanese shares ended lower on Wednesday, after data showed that the trade-reliant economy's exports shrunk for the 12th straight month amid the Sino-US tariff war, raising the risk of a fourth-quarter contraction, and as investors booked profits.

Published 19 Dec, 2019 12:00am

Stocks

Hong Kong shares touch 4-1/2-month high

Stocks in Hong Kong hit their highest level since late July on Wednesday amid expectation of a 'phase one' trade deal between Beijing and Washington, but pared gains as investors awaited further details. At the close of trade, the Hang Seng index was up 0

Published 19 Dec, 2019 12:00am

Stocks

Financials elevate most of Gulf stocks, Egypt up again

Major Gulf stocks rose on Wednesday, mostly led by financials with Saudi extending gains for a fourth straight session, while gains in blue-chips bolstered Egypt. In Saudi, the index ended 0.7% higher, with National Commercial Bank and Riyad Bank adding 3

Published 19 Dec, 2019 12:00am

Xi lands in Macau for China handover anniversary party

Chinese president Xi Jinping landed in Macau on Wednesday as the city prepares to mark 20 years since the former Portuguese colony was returned, a celebration that stands in stark contrast to months of unrest in neighbouring Hong Kong.

Published 19 Dec, 2019 12:00am

China state TV axes interview with UK ambassador

The British embassy voiced disappointment on Wednesday after the English-language branch of Chinese state television decided not to air an interview with the ambassador that included a discussion on Hong Kong.

Published 19 Dec, 2019 12:00am

Syria, Mexico deadliest countries for journalists in 2019

The number of journalists killed in the line of duty fell in 2019 to the lowest level in 17 years, as dangerous regional conflicts stabilized and the number of journalists murdered in reprisal for their reporting was the lowest since the Committee to Prot

Published 19 Dec, 2019 12:00am

Journalists attacked by police while covering protests in India

Indian authorities must ensure the safety of all journalists covering protests across the country, the Committee to Protect Journalists said today. Tens of thousands of people have gathered on college campuses across India since December 11 to protest a n

Published 19 Dec, 2019 12:00am

Moscow lifts veil on missile attack warning system

Russia on Wednesday lifted the veil on its tightly guarded space-based missile warning system, ahead of a vote in the US Congress on President Donald Trump's plan to create a new space force. The new system, named Kupol or dome, is designed to detect laun

Published 19 Dec, 2019 12:00am

Iran says opposes US-Taliban talks

Iran's top security official said Wednesday the Islamic Republic opposed US negotiations with Afghanistan's Taliban, as the talks excluded the Afghan people and government. "Any strategy, any decision or plan without the participation of the Afghan people

Published 19 Dec, 2019 12:00am

Facebook says it can locate users who opt out of tracking

Facebook can determine where users are even if they opt out of having their whereabouts tracked, the company revealed in a letter sent to US senators. In the missive, which was widely shared on social media Tuesday, Facebook explained ways it can still fi

Published 19 Dec, 2019 12:00am

Europe's exoplanet hunter reaches orbit around Earth

Europe's CHEOPS planet-hunting space telescope left Earth on Wednesday and moved into orbit, a day after its lift-off was delayed by a technical rocket glitch during the final countdown. The telescope will measure the density, composition and size of plan

Published 19 Dec, 2019 12:00am

India leads world in pollution linked deaths

India leads the world in pollution-linked deaths followed by China and Nigeria, according to a report published Wednesday that estimated the global impact of contaminants in the air, water and workplace.

Published 19 Dec, 2019 12:00am

Political coverage row puts BBC funding under threat

Britain's new government is taking aim at the BBC, accusing it of bias in reporting the recently concluded elections that gave Prime Minister Boris Johnson a sweeping mandate.

Published 19 Dec, 2019 12:00am

Brief Recordings

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) was incorporated as a public limited company in 1960. Located on the coastal belt of Karachi, the main processing unit is located at Orange Creek with supporting crude berthing and storage facility at Kenmare. The init

Updated 19 Dec, 2019 07:04am

Persecution of minorities: Pakistan condemns BJP government's act of distorting facts

Pakistan categorically rejected, once again, the Indian government and senior BJP leadership's baseless allegations of persecution of minorities in the country and the factually incorrect claims that population of religious minorities in Pakistan has decl

Published 19 Dec, 2019 12:00am

Punjab to launch 'Insaf Ration Card' programme

The Punjab government will launch Insaf Ration Card Programme under which the most poor will be given the facility of buying ration worth Rs3000 every month, said Punjab Industries Minister Mian Aslam Iqbal here on Wednesday.

Published 19 Dec, 2019 12:00am

Business & Economy

Body cream's consignment Indian origin seized at PQ

Model Collectorate of Port Qasim has seized a consignment of body cream of Indian origin, Dove, worth millions of rupees, imported by a Lahore-based importer. According to official sources, on December 16, 2019 attempts were made to import Indian origin D

Published 19 Dec, 2019 12:00am

Cotton & Textile

Ginneries receive 7.86 million bales across country

Seed cotton (Phutti) equivalent to 7.86 million bales reached ginneries across Pakistan till Dec 15 registering 21.09 percent shortfall compared to corresponding period of the last year. Out of total arrivals, over 7.54 million bales had undergone the gin

Published 19 Dec, 2019 12:00am

Articles

Partly Facetious: Definition of traitor

"Define traitor."

Updated 20 Dec, 2019 06:16am

Beaconhouse International Colleges launched

The Beaconhouse Group, Pakistan's leading & largest private education system recently launched its newest venture, The Beaconhouse International Colleges (BIC), with a groundbreaking ceremony of its flagship campus in Islamabad.

Published 19 Dec, 2019 12:00am

Business & Economy

PBIT signs agreement with NETSOL

Punjab Board of Investment & Trade inks a framework agreement with NETSOL Technologies Pakistan, here at PBIT office. The two sides agreed upon technology transfer in Punjab which would create several investment openings in the province for tech sector. C

Published 19 Dec, 2019 12:00am

Money & Banking

World Bank, Punjab agree to expand cooperation in different sectors

The World Bank delegation led by Country Director Patchamuthu Illangovan called on Punjab chief minister Sardar Usman Buzdar, here on Wednesday and discussed World Bank assisted programs and expansion of bilateral cooperation.

Published 19 Dec, 2019 12:00am

Business & Economy

Limitless opportunities exist as result of CPEC execution: Chinese CG

Chinese Consul General Long Dingbin has said that limitless opportunities existed as a result of CPEC's execution and emphasized that Pakistan needed to bring about far-reaching reforms in various socio-economic sectors to get maximum advantage of the CPE

Published 19 Dec, 2019 12:00am

Punjab PA adopts three bills amid opposition's boycott

The Punjab Assembly on Wednesday passed Punjab Local Government (Amendment) Bill 2019, The Punjab Probation and Parole Service Bill 2019 and the Punjab Village Panchayats and Neighborhood Council (Amendment) Bill 2019 in the absence of opposition.

Published 19 Dec, 2019 12:00am

Telecommunication

PTCL organises 'Talks@PTCL'

Pakistan Telecommunication Company Limited (PTCL), organized 'Talks@PTCL' where industry professionals enthralled the audience with their inspirational talks on topics related to technology, digital ecosystem and development of in-house talent. The event

Published 19 Dec, 2019 12:00am

Historic decisions being announced by courts: Bilawal

Pakistan People's Party Chairman Bilawal Bhutto said on Wednesday that historic decisions were being announced by courts in Pakistan and his political party was in full agreement with the process and the verdicts being issued by the judiciary for dissemin

Published 19 Dec, 2019 12:00am

Per capita water availability comes down to 908 cubic meters: Wapda chief

WAPDA Chairman Lieutenant General Muzammil Hussain (retd) has said that per capita water availability in the country has come down from 5650 cubic meter in 1951 to an alarming level of 908 cubic meter per annum, pushing us to the stage of water-scarce cou

Published 19 Dec, 2019 12:00am

Draft of Local Bodies Bill: Punjab PA session will be convened to rectify anomalies: Sarwar

Session of Punjab Assembly will be convened very soon to rectify the anomalies in the draft of Local Bodies (LB) Bill so that these institutions could start working at grass root level for the mitigation of people's problems, said Governor Punjab Chaudhar

Published 19 Dec, 2019 12:00am

Daraz witnesses exceptional growth in e-commerce platform

In 2019, Pakistan's e-commerce industry remained resilient; Daraz, a leading e-commerce platform in the country, witnessed exceptional growth as the number of users visiting the platform increased by 100 percent.

Updated 19 Dec, 2019 07:30am

Business & Economy

EPCL showcases innovative PVC products at Build Asia 2019 Expo

Engro Polymer and Chemicals Limited (EPCL), the sole manufacturer of PVC resin in Pakistan, showcased a diverse line of innovative PVC downstream products at the three-day 15th Build Asia 2019 Exhibition, held at the Expo Centre Karachi.

Published 19 Dec, 2019 12:00am

Energy

SSGCL's recovery of Rs 12 billion due to higher UFG: Ogra seeks to engage 3rd party technical consultant

Petroleum Division has asked the Economic Coordination Committee (ECC) of the Cabinet to direct Oil and Gas Regulatory Authority (Ogra) for allowing Sui Southern Gas Company Limited (SSGCL) to recover Rs 12 billion due to higher Unaccounted for Gas (UFG)

Published 19 Dec, 2019 12:00am

Business & Economy

Efforts afoot to set up export development centre

The Sarhad Chamber of Commerce and Industry president, Engr Maqsood Anwar Pervaiz has stressed the need for establishment of a 'state of the art' Export Development Centre to further enhance capacity building of exporters and resolve their issues under on

Published 19 Dec, 2019 12:00am

Shifa joins hands with Interloop

Shifa International Hospitals Limited (Shifa), Pakistan's state-of-the-art high quality facility listed on Pakistan Stock Exchange (PSX) joins hands with Interloop Holdings (Pvt.) Limited (Interloop), an associated company of Interloop Limited which is on

Published 19 Dec, 2019 12:00am

Rising cost of farming inputs: Postponement of strike by PKI irks farmers

Pakistan Kissan Ittehad (PKI) postponed its protest against rising cost of farming inputs on Wednesday and left the frustrated farmers at the mercy of the government.

Published 19 Dec, 2019 12:00am

Ehsaas Scholarships: HEC extends date for submitting applications

The Higher Education Commission (HEC) has extended the last date for submission of applications under the Prime Minister's Ehsaas Undergraduate Scholarship Programme till December 24, 2019.

Published 19 Dec, 2019 12:00am

Energy

Government may endorse Ogra's suggestion of increasing gas price

Federal government is likely to endorse Ogra's recommendation to increase gas prices to retire the circular debt of Rs181 billion in the wake of a wide gap between the average prescribed gas price and the weighted average sale price. Petroleum Division is

Published 19 Dec, 2019 12:00am

NA speaker for celebrating 'Special Day' for farmers annually

Speaker National Assembly Asad Qaiser said on Wednesday that farmers play a pivotal role towards economic development of Pakistan and special day for farmers should be celebrated every year. He was addressing a special event organized in connection with t

Published 19 Dec, 2019 12:00am

Millennial Olympiad begins at TMUC

The Millennial Olympiad TMO-2019 in Rawalpindi on Wednesday commenced with an uproar full of fun and frolic at The Millennium Universal College - TMUC Springs, Bahria Town Rawalpindi.

Published 19 Dec, 2019 12:00am

Gunmen kill two policemen escorting polio vaccinators

Two police officials who were deployed on security of a polio team were killed as unidentified men opened fire on them near Markhani Bridge, Maidan area of Lower Dir on Wednesday.

Published 19 Dec, 2019 12:00am

Malala featured on Teen Vogue's cover

Teen Vogue has chosen Nobel Laureate and education activist Malala Yousafzai as its cover person for its last issue of the decade. The magazine, which targets teenagers, announced on Wednesday that they decided to "reflect" the last ten years with the edu

Published 19 Dec, 2019 12:00am

Business & Economy

Pakistan-Vietnam trade volume very low, says trade team leader

Leader of Vietnamese delegation and Deputy Director General of Vietnam's Ministry of Industry & Trade, Do Quoc Hung has said that Vietnam's global trade turnover is more than US$500 billion this year, of which Pakistan-Vietnam trade volume is around US$60

Published 19 Dec, 2019 12:00am

Business & Economy

Low gas pressure: SAI seeks PM's help

SITE Association of Industry President Mohammad Suleman Chawla Wednesday urged the Prime Minister to issue immediate instructions to Sui Southern Gas Company (SSGC) to ensure gas supply with full pressure to industries so that production activities could

Published 19 Dec, 2019 12:00am

City mayor, Haider Abbas meet Musharraf

Muttahida Qaumi Movement-Pakistan leader and Karachi mayor Wasim Akhtar met former military ruler Pervez Musharraf in Dubai on Wednesday, party leader Faisal Sabzwari confirmed.

Published 19 Dec, 2019 12:00am

China-Pak Gwadar Faqeer Middle School's work in full swing

Construction work of China-Pakistan Gwadar Faqeer Middle School is in full swing and expected to be completed in a period of less than a year. "We are promoting the extension project of Faqeer Middle School in accordance with the construction plan." said

Published 19 Dec, 2019 12:00am

Energy

Fuel-efficient stoves distributed in Kalat: PPL-Behbud Industrial Home opens

The Pakistan Petroleum Limited-Behbud Industrial Home (PPL-BIH) was inaugurated on December 17. The project aims to increase livelihood generation potential of local women residing near the company's Adhi Field in Mastala, Tehsil Gujjar Khan, District Raw

Published 19 Dec, 2019 12:00am

IoBM signs MoU with SWVL

The Institute of Business Management (IoBM) has become the first university in Pakistan to sign a MoU with SWVL. Under this agreement, SWVL will provide pick and drop to the institute's employees and students.

Published 19 Dec, 2019 12:00am

MQM-P assures full support to Musharraf

Muttahida Qaumi Movement-Pakistan (MQM-P) on Wednesday assured former President General Pervez Musharraf (Retired) of its full support after a special court handed him death penalty in high treason case.

Published 19 Dec, 2019 12:00am

Army Chief can never compromise on national interests: Pagara

Pakistan Muslim League-Functional (PML-F) Chief Pir Pagara while giving his reaction over the special court's verdict in Pervez Musharraf treason case on Wednesday, saying that an Army Chief could never compromise on national interests.

Published 19 Dec, 2019 12:00am

Cricket

Traffic plan for Pak-SL Test match chalked out

As Pakistan and Sri Lankan cricket teams are set to face each other on the 2nd bilateral test match here at the National Stadium on Thursday (today), the city traffic police have chalked out traffic diversion plan to ensure smooth vehicular movement on ro

Published 19 Dec, 2019 12:00am

Musharraf's sentence

The special court trying former COAS and president General Pervez Musharraf (retd) has through a short order found him guilty of high treason and delivered a split punishment 2-1, with the dissenting judge recommending life imprisonment rather than the de

Updated 19 Dec, 2019 07:13am

Indian court refuses to stop implementation of citizenship law

India's Supreme Court turned down a plea on Wednesday to stop the implementation of a new citizenship law based on religion that has set off violent protests in the country, but said it would hold hearings next month on the sweeping measure.

Published 19 Dec, 2019 12:00am

Online integration with FBR system: 300 tier-I retailers issued notices

Regional Tax Office (RTO)-II, Karachi has issued notices to 300 tier-I retailers for online integration with FBR system before the last date of ST returns filing for the month of December, 2019 to avoid blocking adjustment of input tax under sub-section (

Published 19 Dec, 2019 12:00am

Tier-1 retail outlets: IR commissioners told to implement POS invoicing system

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Wednesday issued directions to all chief commissioners of Inland Revenue for implementation of point of sale (POS) Invoicing System at all Tier-1 retail outlets. Tier-1 covers a retailer operating as a

Published 19 Dec, 2019 12:00am

Over 95,603 kanals of land, bank accounts attached: Mega Benami properties case unearthed

Benami Transaction (Prohibition) Zone-1 Islamabad has unearthed Pakistan's mega corporate Benami case by provisionally attaching over 95,603 kanals of land and seven bank accounts of a registered company with market value of attached assets between Rs 15-

Published 19 Dec, 2019 12:00am

July-October: LSM down 6.48 percent YoY

The country's Large Scale Manufacturing (LSM) witnessed a decline of 6.48 percent during the first four months of the current financial year, ie, from 136.51 points in 2018-19 to 127.66 points in 2019-20, Pakistan Bureau of Statistic (PBS) said on Wednesd

Published 19 Dec, 2019 12:00am

Startup ecosystem: Ways & means for enhancing foreign investment discussed

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh chaired a meeting here at Finance Division to discuss ways and means for enhancing foreign investment in Pakistani startup ecosystem.

Published 19 Dec, 2019 12:00am

House to vote to impeach Trump for abuse of office

President Donald Trump was facing a historic vote in the House of Representatives to impeach him for abuse of office on Wednesday, as the US leader furiously accused rival Democrats of an "assault on America."

Published 19 Dec, 2019 12:00am

Stocks

Selling pressure sets in on PSX: BRIndex100 slips

Pakistan Stock Exchange Wednesday remained under heavy selling pressure and closed on a negative note due to profit-taking, mainly by local investors.

Published 19 Dec, 2019 12:00am

OIC mounts veiled attack on KL summit

The Organisation of Islamic Cooperation (OIC) on Wednesday mounted a veiled attack on a Muslim summit in Malaysia shunned by Saudi Arabia and Pakistan, saying such gatherings would weaken Islam.

Published 19 Dec, 2019 12:00am

Legal team to brief cabinet, says Firdous

Special Assistant to the Prime Minister on Information & Broadcasting Dr Firdous Ashiq Awan has said that Pakistan will be on the forefront for the unity and harmony among the Muslim countries.

Published 19 Dec, 2019 12:00am

Musharraf sees 'personal animosity'

Former president General Pervez Musharraf (retd), who was sentenced to death for treason by a special court on Tuesday, has raised serious questions on his trial, saying that the proceedings were wrapped up in haste based on "some people's personal animos

Published 19 Dec, 2019 12:00am

Musharraf's sentence: CJP Khosa rejects remarks attributed to him

Chief Justice of Pakistan Asif Saeed Khan Khosa on Wednesday contradicted the news reports aired/published by different TV channels and newspapers attributing several statements to him regarding the Musharraf high treason case.

Published 19 Dec, 2019 12:00am

Armed forces brought stability: COAS

Chief of Army Staff (COAS) General Qamar Javed Bajwa said on Wednesday that the Special Services Group (SSG) is the army's pride and that the armed forces have brought stability by failing all inimical forces operating against the country.

Published 19 Dec, 2019 12:00am

US promises to consider India in Afghan withdrawal

The United States promised Wednesday to take into account India's concerns as it looks to pull out of Afghanistan, in high-level talks aimed at boosting the two democracies' emerging alliance.

Published 19 Dec, 2019 12:00am

SEZs to be built in next phase of CPEC: Chinese envoy

Ambassador of China to Pakistan Yao Jing on Wednesday said that special economic zones(SEZs) would be built in Pakistan in the next phase of China-Pakistan Economic Corridor (CPEC).

Published 19 Dec, 2019 12:00am

China postpones UNSC discussion on Kashmir

China has postponed a discussion by the UN Security Council planned for Tuesday about the situation in the disputed Indian territory of Jammu and Kashmir because the UN peacekeeping mission there was not ready to provide a brief, diplomats said.

Published 19 Dec, 2019 12:00am

PSM audit account approved by BoD

Pakistan Steel Mills (PSM) Board of Directors has approved annual audit account of PSM for the year 2018-19 to comply with the conditions of International Monetary Fund (IMF), sources close to Chairman PSM Board told Business Recorder.

Published 19 Dec, 2019 12:00am

References against judges: Mere information not sufficient, SC told

The standard of conduct of a judge must be higher than that of an ordinary citizen as hundreds of people appear before him on daily basis for the ends of justice.

Published 19 Dec, 2019 12:00am

Moscow's snowless Dec warmest in 133 years

Moscow registered the warmest December weather in over a century on Wednesday, as an unusually snowless month put winter activities on hold and confused plants into blooming. One weather station in northern Moscow registered a temperature of 5.4 degrees C

Published 19 Dec, 2019 12:00am

Stormy CCI session likely

Council of Common Interests (CCI) which is scheduled to meet on December 23, 2019 is likely to witness a stormy session as Sindh and KP governments are likely to raise issues on Renewable Energy (RE) policy and Net Hydel Profit (NHP) with full force, well

Published 19 Dec, 2019 12:00am

Letters

Refugee crises

It is quite true that world powers care more about Syria's oil than its children. No other leader is better placed to make such profound observation than Turkey's Tayyib Erdogan whose country hosts nearly 4 million Syrians, the largest refugee population

Updated 20 Dec, 2019 06:02am

Articles

Where's the risk? US fund managers bet on bull run in 2020

With the UK election results giving some certainty to the Brexit process, a US-China trade deal all but signed and the Federal Reserve signaling that it will stand steady for the foreseeable future, there are three fewer hurdles standing in the way of glo

Published 19 Dec, 2019 12:00am

Articles

Citizenship fears fuel anger among India's Muslims

Habib-ur-Rehman was locked up for four years after failing to prove he's Indian, and now worries he may be expelled. It's a fear shared by other Muslims under Hindu nationalist Prime Minister Narendra Modi. In recent days these worries have morphed into a

Updated 20 Dec, 2019 07:01am

Articles

Police in full view

The Punjab Institute of Cardiology (PIC) rampage was more than a macabre act of certain insensitive specimens in black. It could be their idea of 'fun' that teetered over the bend, or a grotesque demonstration of 'one for all and all for one'. But it did

Updated 20 Dec, 2019 06:47am

Energy

Gas demand and supply: Sindh accused of delaying issuance of projects' RoW

The arrival of bitterly cold weather conditions in Sindh has resulted in a substantial reduction in gas supply. The situation has affected a large number of gas consumers who are facing great inconvenience in meeting their cooking and space heating needs.

Published 19 Dec, 2019 12:00am

Cotton & Textile

Pakistani companies to participate in Paris textile fair in February

Pakistani companies will participate in the Texworld & Apparel Sourcing and Leatherworld fair to be held from 10-13 February 2020 in Paris to explore the European markets. Paris as one of the major fashion capitals of the world is the best place to promot

Published 19 Dec, 2019 12:00am

KMDC Alumni Conference to be held on December 21

The 1st KMDC Alumni Conference will be held on 21st December 2019 in Karachi Medical & Dental College. The conference is aimed at providing a useful opportunity to the old and new students to strengthen their mutual coordination in various fields of medic

Published 19 Dec, 2019 12:00am

Qureshi apprises UNSC, SG about Indian atrocities in IHK

Foreign Minister Shah Mahmood Qureshi has apprised the UN Security Council and Secretary General on Indian actions that continue to escalate tensions in an already tense environment in South Asia and sought their rightful role in the de escalation.

Published 19 Dec, 2019 12:00am

NAB hands over questionnaire to Khawaja Asif

Pakistan Muslim League-Nawaz (PML-N) leader and former defense minister, Khawaja Muhammad Asif on Wednesday appeared before National Accountability Bureau (NAB) in the connection with the assets beyond means case. The NAB officials said that Asif appeared

Published 19 Dec, 2019 12:00am

Bhandara wishes Christians Happy Christmas

The Chief Executive of Murree Brewery Company, Isphanyar M Bhandara, wishes the Christian commmunity a very happy Christmas He sincerely shares his good wishes and prayers for the brethren of Christian community of Pakistan and around the world. He stress

Published 19 Dec, 2019 12:00am

METRO upgrades Star Gate Store

METRO has recently upgraded its existing Star Gate Store near Star Gate, Shahra-e-Faisal, Karachi with state-of-art facilities to international standards in order to provide the customer a unique and convenience shopping experience with value for money. T

Published 19 Dec, 2019 12:00am

Business & Economy

Joint Business Forum invites SBP governor

Led by the Pakistan Japan Business Forum, the State Bank Governor Dr Reza Baqir was invited for an interactive session with the members of nine other bi-lateral business forums. Such bi-lateral forums consist of members from Pakistan and so also nationals

Published 19 Dec, 2019 12:00am

LHC seeks reply in Kashana case

The Lahore High Court on Wednesday sought replies from provincial law ministry and other departments by December 24 on a petition of former superintendent of Kashana Welfare Centre (for destitute girls) seeking a judicial inquiry into alleged misuse of th

Published 19 Dec, 2019 12:00am

ITA holds session to accelerate implementation of PFCE Act 2014

Civil society organization Idara-e-Taleem-o-Aagahi (ITA), in collaboration with Oxfam in Pakistan, United Nations Democracy Fund (UNDEF) and Foundation Open Society Institute (FOSI) Pakistan organized a consultation session on Tuesday, December 17, in Lah

Published 19 Dec, 2019 12:00am

Ex-PPP stalwart of Dir Upper joins PTI

Former MPA and ex-District, President PPP Dir Upper, Anwar Khan Advocate announced joining the ruling PTI with his associates. Addressing on the occasion, the KP Chief Minister Mahmood Khan welcomed him into the party fold and announced a comprehensive de

Published 19 Dec, 2019 12:00am

IHK's Jamia Masjid reopens for prayers

Occupied Kashmir's main mosque re-opened for prayers Wednesday for the first time since the restive valley's semi-autonomous status was axed by New Delhi in August and a curfew imposed. The area where the Jamia Masjid in occupied Srinagar is located is a

Published 19 Dec, 2019 12:00am

Situation may worsen, says Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has said that Special Court's decision regarding former President General Pervez Musharraf (retd) would widen the gap among institutions and the situation may get worse and worse in coming days.

Published 19 Dec, 2019 12:00am

Money laundering case: AC orders Faryal's release on bail

The Accountability Court hearing multibillion rupees fake bank accounts case on Wednesday issued a robkar (order of the court) for release of Pakistan Peoples Party (PPP) leader Faryal Talpur in the mega money laundering case.

Published 19 Dec, 2019 12:00am

Rising foreign investment in government securities

In order to allay the fears regarding rising foreign investment in government securities, the State Bank of Pakistan (SBP) in a press release on 16th December argued that risks posed by such transfers are limited at current levels and higher investment is

Updated 19 Dec, 2019 07:13am

'Rise of Hindutva in India dangerous trend for region'

The rise of RSS-inspired Hindutva in India is a dangerous trend which would have repercussions for the region and beyond and needs to be countered with Pakistan's aggressive diplomacy.

Published 19 Dec, 2019 12:00am

PSP chief rejects court's verdict

Chairman Pak Sarzameen Party(PSP) Syed Mustafa Kamal on Wednesday outrightly rejected the special court's verdict awarding death sentence to former president General Pervez Musharraf (retd), saying due legal and constitutional formalities were not fulfill

Published 19 Dec, 2019 12:00am

Energy

PetroChina offers lowest price in Pakistan LNG February cargo tender

PetroChina International Singapore has offered the lowest price for a liquified natural gas (LNG) cargo in a Pakistan LNG tender for February delivery, a document on the Pakistani company's website showed on Wednesday.

Published 19 Dec, 2019 12:00am

Pemra ordered to stop 'defamatory' materials against lawyers

Peshawar High Court (PHC) Abbottabad bench Wednesday ordered Pakistan Electronic Media Regulatory Authority (Pemra) to stop broadcast and publication of defamatory material against lawyers' fraternity. The bench also directed PEMRA to ensure the implement

Published 19 Dec, 2019 12:00am

Energy

'Total energy sector circular debt crosses Rs 1,673 billion mark'

The total energy sector circular debt has crossed Rs 1,673 billion mark, of which Rs 869 billion are pending against various defaulters and Rs 804 billion are pending against Power Holding Company Limited (PHCL). This was stated by the Secretary Power Div

Published 19 Dec, 2019 12:00am

MBBS results announced

The Controller of Examinations, University of Karachi, Prof Dr Arshad Azmi, on Wednesday announced the result of MBBS final professional supplementary examinations 2019.

Published 19 Dec, 2019 12:00am

CJP for multi-pronged approach to deal with militancy, terrorism

Chief Justice of Pakistan Asif Saeed Khan Khosa has said that a multi-pronged approach is needed to defeat the scourge of militancy and terrorism in the country. He was speaking at the launch of research study on "Impact of Militancy on Administration of

Published 19 Dec, 2019 12:00am

Stocks

Wall Street extends record-setting climb on upbeat economic data

Wall Street's major indexes inched higher on Tuesday, extending their record-setting rally, as strong housing and manufacturing data bolstered investors' confidence in the US economy. The benchmark S&P 500 hit a record high for a fourth straight session,

Published 19 Dec, 2019 12:00am

During Hajj-2019: Senate body examines complaints, discusses redressal mechanism

A sub-committee of Senate Standing Committee on Religious Affairs and Interfaith Harmony in its meeting examined complaints received during Hajj-2019 and their redressal mechanism.

Published 19 Dec, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Petrol/Litre / May 13	252.63
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Diesel/Litre / May 13	256.64
Cotton US¢/pound / May 13	66.85

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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