News Archives for Print - 2019-12-25

Print - 2019-12-25

US astronauts help track Santa's delivery route

For decades, the Canadian and American defense agency NORAD has provided updates on Santa Claus's international gift delivery route, but this year, for the first time, US astronauts lent a hand. "We have obtained visual confirmation that Santa is currentl

Published 25 Dec, 2019 12:00am

July-November period: Foreign investors repatriate $670 million

Repatriation of profit and dividend by foreign investors remained almost flat during the first five months (Jul-Nov) of this fiscal year (FY20) compared to the same period of last fiscal year (FY19). According to the State Bank of Pakistan (SBP), foreign

Published 25 Dec, 2019 12:00am

Incentives to overseas Pakistanis: Government mulling various options: Imran

Prime Minister Imran Khan said on Tuesday that Pakistan would witness growth in the next year that would ultimately create employment opportunities for the youth.

Published 25 Dec, 2019 12:00am

Cabinet decides to decrease drug prices

The federal cabinet on Tuesday decided to reduce prices of 89 drugs by 15 percent with immediate effect to provide relief to the people Addressing a press conference after a meeting of the cabinet chaired by Prime Minister Imran Khan, Dr Firdous also sai

Published 25 Dec, 2019 12:00am

Stocks

KSE-100 Index recovers: BRIndex100 retreats

Pakistan Stock Exchange Tuesday largely moved both ways and managed to close on a positive note due to healthy buying in various sectors at the fag end. BRIndex100 gained 41.1 points or 0.99 percent to close at 4,190.62 points. BRIndex100 touched intraday

Published 25 Dec, 2019 12:00am

KE plans to issue Rs 25 billion Sukuk

K-Electric plans to issue Pakistan's largest-ever retail listed Sukuk in private sector worth Rs 25 billion (green shoe option of up to Rs 5 billion) with seven-year tenor. The planned bond has been rated AA+ by VIS Credit Rating Agency.

Published 25 Dec, 2019 12:00am

Budget 2020-21: Government may increase FED on excisable commodities

The government is likely to increase Federal Excise Duty (FED) on certain excisable commodities including cigarettes and beverages in the next budget (2020-21), but may retain Rs 2 per kg FED on cement.

Published 25 Dec, 2019 12:00am

Taliban kill 15 in attack on Afghan security checkpoint

Taliban militants ambushed a government checkpoint in Balkh province in Afghanistan's north, killing at least 15 members of the security forces, local officials said on Tuesday, the latest in an escalating series of insurgent attacks.

Published 25 Dec, 2019 12:00am

NAB obtains 13-day physical remand of Ahsan

The Accountability Court on Tuesday granted National Accountability Bureau (NAB) 13-day physical remand of senior leader of Pakistan Muslim League-Nawaz (PML-N) and former interior minister Ahsan Iqbal in Narowal Sport City Complex Project (NSCCP) scam.

Published 25 Dec, 2019 12:00am

Sanaullah granted bail

The Lahore High Court on Tuesday granted bail to former Punjab law minister and Member National Assembly Rana Sanaullah in a narcotics case lodged after Anti-Narcotics Force (ANF) recovered 15-kg heroin from his vehicle. Justice Chaudhry Mushtaq Ahmad had

Published 25 Dec, 2019 12:00am

Inflation & current account: Two revisions to IMF programme made

Two revisions to the IMF program have been made in the first review: inflation is slightly lower in part because some of the pass-through from the exchange rate adjustments has been more moderate than anticipated, and some adjustment have also been made t

Published 25 Dec, 2019 12:00am

IMF ignores industrial performance

International Monetary Fund (IMF), in its first review under the extended fund facility and request for modification of performance criteria, has ignored the country's industrial sector's appalling performance of over 6 per cent negative growth.

Published 25 Dec, 2019 12:00am

Modification in Nepra law: Undertaking given to IMF

The government has given an undertaking to International Monetary Fund (IMF) that it will reinstate powers of Power Division to impose surcharges on consumers through modification in the Nepra Act.

Published 25 Dec, 2019 12:00am

Quaid's birth anniversary today

The Pakistani nation will pay glowing tribute to Father of the Nation Quaid-e-Azam Mohammad Ali Jinnah on his 143rd birth anniversary being marked on Wednesday (today) with a resolve to transform Pakistan into a vibrant, progressive and enlightened countr

Published 25 Dec, 2019 12:00am

Kuwait and Saudi Arabia strike deal on shared oilfields

Kuwait and Saudi Arabia agreed on Tuesday to end a five-year dispute over their shared Neutral Zone in a deal which will allow production to resume at two oilfields that can pump up to 0.5% of the world's oil supply.

Published 25 Dec, 2019 12:00am

NA panel informed: 'Containers are cleared in 20 minutes through WEBOC system': FBR

The Federal Board of Revenue (FBR) has stated that import containers are cleared in 20 minutes through the WEBOC-GLOBAL customs clearance system.

Published 25 Dec, 2019 12:00am

Full-bench: Setting up of special court, its actions challenged in LHC

Chief Justice of the Lahore High Court on Tuesday constituted a full-bench to hear a petition challenging establishment of the special trial court and all actions against Gen Pervez Musharraf (retired).

Published 25 Dec, 2019 12:00am

BRT project: KP government challenges PHC verdict

The Khyber Pakhtunkhwa government has challenged the Peshawar High Court judgment on Bus Rapid Transit (BRT) project in the apex court.

Published 25 Dec, 2019 12:00am

CEC's, members' appointments: Parliamentary body's meeting again put off

Yet again, an all important meeting of the Parliamentary Committee on Appointment of the Chief Election Commissioner and Members of Election Commission of Pakistan scheduled for Tuesday was put off after the opposition boycotted the huddle in protest agai

Published 25 Dec, 2019 12:00am

Farrukh made PSX CEO

Farrukh Hussain Khan has been appointed as Chief Executive Office (CEO) of Pakistan Stock Exchange (PSX), an announcement by PSX on Tuesday said that upon recommendation of board of directors of PSX, the Securities and Exchange Commission of Pakistan (SEC

Published 25 Dec, 2019 12:00am

Flying invoices: DI&I IR Faisalabad unearths scam

The Directorate of Intelligence & Investigation (Inland Revenue), Faisalabad, has unearthed a big scam of issuing/adjusting fake and flying invoices involving tax fraud of millions of rupees.

Published 25 Dec, 2019 12:00am

APNS criticises govt's approach to media

The All Pakistan Newspapers Society (APNS) has regretted that the present democratically-elected government is resorting to use advertisements as a tool to silence fair and objective comments in the print and electronic media.

Published 25 Dec, 2019 12:00am

Letters

'Foreign policy debacle'

This is apropos a Business Recorder editorial "Foreign policy debacle" carried by the newspaper yesterday. The newspaper has concluded its argument as stating that "Let the government learn from this debacle not to rush in where angels fear to trea

Published 25 Dec, 2019 12:00am

Articles

Iraqi protesters' ire at Iran extends to goods boycott

Anger over Iran's stranglehold on Baghdad's political system has helped propel an unprecedented protest movement - and now Iraqi activists are hitting the Islamic Republic where it hurts, with a goods boycott.

Published 25 Dec, 2019 12:00am

Articles

Be 'gas-wise' this winter

Pishin, Balochistan: After attending a wedding in Quetta, Asad Khan and his family returned home. Exhausted after a one-and-a-half hours journey by road, Khan and his family started preparing for bed to be up early next morning for work. Before tucking in

Published 25 Dec, 2019 12:00am

Articles

IMF no solution?

Pakistan will be entering the new calendar year with inflation and interest rates in double digit; growth rates both in agriculture and manufacturing declining, in fact the large scale manufacturing is experiencing negative growth to the tune of almost se

Updated 26 Dec, 2019 07:17pm

The gender inequality gap

In its Global Gender Gap Report 2020, the Geneva-based World Economic Forum ranks Pakistan at 151st place among 153 countries, just ahead of Iraq and Yemen, making it the third worst country in terms of gender inequality. The rankings are based on countri

Updated 26 Dec, 2019 06:28am

Ghani's dubious victory

According to preliminary results, President Ashraf Ghani has been re-elected, a victory that has not only been rejected by his principal rival Abdullah Abdullah but given its slim margin it also lacks finality. He secured 50.64 percent votes which is eno

Updated 26 Dec, 2019 06:28am

LWMC employees protest against delay in salary

Employees of Lahore Waste Management Company (LWMC) took out a protest march against the delay in payment of salaries at Ferozepur Road on Tuesday.

Published 25 Dec, 2019 12:00am

SCCI, Smeda jointly set up business facilitation centre

The Sarhad Commerce of Commerce and Industry in collaboration with Small and Medium Enterprises Development Authority (SMEDA) on Monday established a first-ever 'Business Facilitation Centre' in the chamber house, aimed at to resolve issues of business co

Published 25 Dec, 2019 12:00am

NA panel expresses concerns over state of affairs in POA

A National Assembly panel was informed on Tuesday that Lt Gen Syed Arif Hassan (retd) has been elected as the president of Pakistan Olympic Association (POA) for the fifth term despite the fact that Pakistan has not won a single medal in the Olympics Game

Published 25 Dec, 2019 12:00am

ECP asks lawmakers to provide details of wealth by December 31

Once again, the Election Commission of Pakistan (ECP) has asked all the lawmakers of Pakistan including the parliamentarians and members of the provincial assemblies to share with the Commission their wealth details as well as those of their spouses and d

Published 25 Dec, 2019 12:00am

NA body informed about PASTIC organisation

National Assembly's Standing Committee on Science and Technology met here at Pakistan Council of Scientific and Industrial Research (PCSIR), Ministry of Science and Technology, in the chair of MNA Sajid Mehdi.

Published 25 Dec, 2019 12:00am

8th wage award for journalists announced

Special Assistant to the Prime Minister on Information and Broadcasting, Firdous Ashiq Awan on Tuesday announced the 8th Wage Award for journalists and said salaries of media persons have 'scientifically' been increased in the new wage board award.

Published 25 Dec, 2019 12:00am

CTO for comprehensive traffic master plan

A comprehensive traffic master plan to regulate the vehicular traffic during next 20-25 years is imperative and in this connection traffic police and all other allied departments must collaborate to give viable suggestions in addition to the provision of

Published 25 Dec, 2019 12:00am

Use of social media, media interaction: MoI notification challenged before IHC

The Ministry of Interior's notification barring its employees from using social media as well as interacting with media was challenged before the Islamabad High Court Tuesday. Muhammad Awais through his counsel Mian Asif Mahmood Advocate filed the petitio

Published 25 Dec, 2019 12:00am

Call for utilising latest technology to minimize natural disaster losses

The Senate's Standing Committee on Information Technology and Telecommunication has observed that in order to minimize natural disaster losses, there is an urgent need for organisations to utilise the latest technology.

Published 25 Dec, 2019 12:00am

Nawaz's plea for bail extension

On behalf of Sharif family, an application is learnt to have been moved to the Punjab government, seeking extension in bail of the former premier Nawaz Sharif, who is, currently in London for his medical treatment.

Published 25 Dec, 2019 12:00am

IT & Computers

Transactional electronic cyber crimes: FIA probes hamstrung by social media platforms' lack of cooperation

Lack of provision of record from international organizations such as Google, Facebook, Twitter, Instagram, Microsoft and WhatsApp often leads to dead end of investigations into transactional electronic cyber crimes in the country.

Updated 25 Dec, 2019 10:56pm

Sindh governor pledges all-out support for expatriate doctors' medical university plan

Sindh Governor Imran Ismail has promised on behalf of the present government to support in whatever way he can to materialise the plan of an association of the USA-based expatriate Pakistani medical practitioners to establish a university of health scienc

Published 25 Dec, 2019 12:00am

Country needs 7-8 percent growth rate: KCCI chief

"Pakistan needs a sustainable growth rate of around 7-8 percent in order to deal with the ongoing economic crises and create at least two million jobs for the youth entering the job market, which can only be achieved if Karachi city receives enhanced shar

Published 25 Dec, 2019 12:00am

Mayor says people have forgotten the principles on which nation was founded

Mayor of Karachi Wasim Akhtar on Tuesday said Quaid-e-Azam Muhammad Ali Jinnah, the Founder of Pakistan, had democratic vision, but the nation has failed not only in democracy but also in all sectors.

Published 25 Dec, 2019 12:00am

Sindh government places five uplift projects in high priority sectors

The Sindh government has put five development projects in high priority sectors, which would be undertaken with the financial assistance of international development partners.

Published 25 Dec, 2019 12:00am

Business community wishes Christians 'Merry Christmas'

The office bearers of Hyderabad SITE Association of Trade and Industry has congratulated the nation on the birth anniversary of Quaid-e-Azam Muhammad Ali Jinnah, adding that we also include in the joys of Christian Community.

Published 25 Dec, 2019 12:00am

Minister vows action against 'illegal constructions'

Syed Nasir Hussain Shah provincial minister for local government vowed to take action against "illegal constructions" to ensure safety of the masses. Addressing a meeting with members of Association of Builders and Developers of Pakistan (ABAD) here on Tu

Published 25 Dec, 2019 12:00am

Money & Banking

'Saarcfinance' network: SBP governor underscores need for revisiting ToRs

Dr Reza Baqir, Governor, State Bank of Pakistan during his inaugural address at a seminar "Emerging trends in good governance of banking sector" in Saarc countries highlighted the importance of efficient and robust governance structure in the banking indu

Published 25 Dec, 2019 12:00am

Cold weather affects LESCO's transmission system

The ongoing spell of cold weather has affected the transmission system of Lahore Electric Supply Company (LESCO), leading to an increase in the duration of load shedding in the city.

Published 25 Dec, 2019 12:00am

Energy

5,000MW energy could be produced from biomass: experts

Experts at a seminar on Tuesday said that the country can produce as many as 5000 MW from the biomass.

Published 25 Dec, 2019 12:00am

CM launches 'Clean & Green Punjab' drive

Inaugurating Clean and Green Index Punjab and Clean and Green Punjab campaign, Chief Minister Punjab Sardar Usman Buzdar Tuesday said that provincial government in collaboration with World Bank is going to launch a comprehensive project to cope with the c

Published 25 Dec, 2019 12:00am

Minister visits PEF office

Minister for Higher Education Raja Yasir Humayoun Sarfaraz visited Punjab Education Foundation office on Tuesday. During his visit at PEF office, Chairman PEF Wasiq Qayum Abbasi briefed him about PEF programmes. Furthermore, Director ADU Col Humayoun Satt

Published 25 Dec, 2019 12:00am

Money & Banking

HabibMetro Bank conducts awareness session on money laundering

Habib Metropolitan Bank conducted customer outreach awareness sessions on money laundering and terrorism financing at local hotels in Karachi, Islamabad, Lahore and Peshawar. A senior official from the State Bank of Pakistan was also present at two of the

Published 25 Dec, 2019 12:00am

LCCI for uninterrupted gas supply to industry

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday called for continuous gas supply with full pressure to the industry.

Published 25 Dec, 2019 12:00am

Met office forecasts dense foggy weather

Cold weather has taken over different parts of the country including Lahore, while Met Office has forecasted a dense foggy weather for January 2020.

Published 25 Dec, 2019 12:00am

NESPAK organises int'l symposium on polluted insulators

National Engineering Services Pakistan Pvt Limited (NESPAK), in collaboration with National Transmission and Despatch Company (NTDC), hosted an international symposium on "Polluted Insulators in Various Severe Service Conditions" on Wednesday at a local h

Published 25 Dec, 2019 12:00am

KP officials for promoting religious tourism in Thailand

A delegation of Khyber Pakhtunkhwa Archeology Department headed by Senior Minister Atif Khan currently on a visit to Thailand held talks with Thai Secretary Foreign Affairs and leading monks for promotion of religious tourism, said an official handout iss

Published 25 Dec, 2019 12:00am

NAZ receives grant from Gilead Sciences to combat HIV

Gilead Sciences, is a research-based biopharmaceutical company, has announced the recipients of its 2019 Gilead Asia Pacific Rainbow Grant programme, a regional grant initiative that supports community-led programmes for people living with HIV in the Asia

Published 25 Dec, 2019 12:00am

BASF construction chemical business sold

BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF's Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to

Published 25 Dec, 2019 12:00am

Governor Punjab says India seeking to divert global attention from protest over CAA, NRC

Governor Punjab Ch Mohammad Sarwar on Tuesday said "War is not the solution of problems; if India imposes war on us we will give India befitting response. Indian army firing on innocents along LoC is aimed to divert world's attention from India's internal

Published 25 Dec, 2019 12:00am

Japanese, Belarus envoys meet Hammad

Ambassador of Belarus to Pakistan Andrei Ermolovich and Ambassador of Japan to Pakistan Kuninori Matsuda paid courtesy call to Federal Minister for Economic Affairs Hammad Azhar on Tuesday. There's a lot of potential in Pakistani market for Minsk and Toky

Published 25 Dec, 2019 12:00am

King Salman describes Pakistan as a true friend

The Custodian of the Two Holy Mosques. His Majesty, King Salman bin Abdul-Aziz, received the Speaker of the National Assembly of Pakistan, Asad Qaiser at the Royal palace, according to a message received from Royal Palace Rayadh here on Tuesday.

Published 25 Dec, 2019 12:00am

ANF organises drug-burning ceremony

Anti-Narcotics Force organised drug burning ceremony 2019 here in the federal capital, said a press release issued here on Tuesday. Amjad Javed Saleemi, Secretary Minister of Narcotics Control graced the occasion as a chief guest. Other prominent particip

Published 25 Dec, 2019 12:00am

South Korea enhances quota for workers

South Korea has enhanced its quota for Pakistani workers from 1,000 to 1,100 annually, revealed the officials of Korean Embassy in end of the year meeting with a select group of journalists here on Tuesday.

Published 25 Dec, 2019 12:00am

Telecommunication

Realme unveils 5s smartphone

Realme, a smartphone brand, on Tuesday unveiled its 48MP quad camera power hero smartphone, Realme 5s. "It is equipped with Qualcomm Technologies mobile platforms, Qualcomm Snapdragon 665, that provide users outstanding performance. Since its launch, Real

Updated 25 Dec, 2019 10:56pm

PM briefs Saudi team about investment prospects

Chairman, Al-Tamimi Group of Companies of Saudi Arabia Sheikh Tariq Ali Abdullah Al-Tamimi called on Prime Minister Imran Khan at Islamabad on Tuesday. Adviser to PM on Commerce Abdul Razak Dawood and senior officials were present during the meeting, said

Published 25 Dec, 2019 12:00am

PU VU underscores need for learning Chinese language

Punjab University Vice Chancellor Professor Niaz Ahmad has said that learning Chinese language could help understand each other, promote people to people relations and enhance business volume.

Published 25 Dec, 2019 12:00am

Pakistan rejects US report on religious freedom

Pakistan on Tuesday rejected the US State Department's unilateral and arbitrary re-designation to its list of "countries of particular concerns" under the religious freedom report announced on 20 December 2019 and also deplored the 'conspicuous' omission

Published 25 Dec, 2019 12:00am

Bilawal says he will appear before NAB only after January 15

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari through his counsel has written a letter to National Accountability Bureau (NAB) that he has no objection on appearing before it after January 15, 2020. Bilawal on December 23 announced that he

Published 25 Dec, 2019 12:00am

'Punjab Education Professionals Standards Council Bill' accorded approval

Punjab Cabinet, which met here Tuesday with Chief Minister Sardar Usman Buzdar in the chair, accorded approval to the Punjab Education Professionals Standards Council Bill, 2018 and provision of Urdu medium books to the students of government schools. Now

Published 25 Dec, 2019 12:00am

Kaira lashes out at PTI government

Pakistan People's Party's (PPP) Central Punjab chapter's president Qamar Zaman Kaira has said that Pakistan is facing political, economic and administrative crises and hence new elections are necessary to steer the country out of these crises.

Published 25 Dec, 2019 12:00am

Sindh CM asks ministers to reach out to people in a big way

Adviser to Sindh Chief Minister on Law, Environment, Climate Change and Coastal Development Barrister Murtaza Wahab has said that Sindh Chief Minister Syed Murad Ali Shah has asked all the provincial ministers to continue to hold open public meetings in a

Published 25 Dec, 2019 12:00am

Money & Banking

Fiscal consolidation aimed at keeping debt at sustainable level: Sanchez

Resident Chief of International Monetary Fund (IMF) in Pakistan, Teresa Daban Sanchez said on Tuesday that fiscal consolidation is aimed at keeping the debt at sustainable level.

Published 25 Dec, 2019 12:00am

Lahore loses about 70 percent of its trees: minister

Provincial Minister for Environment M. Rizwan has said that over the past decade, Lahore had lost about 70 percent of its tree cover as the city became an urban centre.

Published 25 Dec, 2019 12:00am

NHA allowed to increase toll rates: chairman

To meet the maintenance cost of the national highways and motorways, the government has allowed National Highway Authority (NHA) to increase the toll rates, said Chairman NHA Sikander Qayyum.

Published 25 Dec, 2019 12:00am

Jabbar describes Dhaka Fall as great tragedy

Former Senator Javed Jabbar Tuesday said that the Dhaka fall was a great tragedy and it is unrealistic to have good relations of Pakistan with Bangladesh under Hasina Wajid's incumbent government.

Published 25 Dec, 2019 12:00am

Narowal Sports City project: NAB has told court there exists no evidence of corruption, claims Marriyum

Pakistan Muslim League-Nawaz (PML-N) Spokesperson Marriyum Aurangzeb has claimed that National Accountability Bureau (NAB) admitted in the court that there is no accusation or evidence of corruption in the Narowal Sports City project and it proves that Ah

Published 25 Dec, 2019 12:00am

Over 6,000 cops deployed across Lahore: DIG

Deputy Inspector General of Police (Operations) Rai Babar Saeed has said that over 6,000 cops have been deployed in Lahore to ensure foolproof security during the Christmas and Quaid-e-Azam Day celebrations.

Published 25 Dec, 2019 12:00am

Medical/dental colleges: NA body discusses issue relating to seats for erstwhile Fata students

The National Assembly Standing Committee on States and Frontier Regions (Safron) on Tuesday discussed the issue of doubling of seats for erstwhile Fata students in medical/dental colleges across the country as approved by the cabinet in March.

Published 25 Dec, 2019 12:00am

Money & Banking

Parliamentary panel asks banks to lay focus on farmers of backward areas

A parliamentary panel has asked the public sector and private banks, especially Zarai Taraqiati Bank Limited (ZTBL), to disburse more agricultural loans to the farmers of the backwards areas in a bid to increase the productivity and bring them at par with

Published 25 Dec, 2019 12:00am

NA body concerned at 'fraud' allegedly committed by JKCHS

National Assembly's Standing Committee on Interior expressed strong concern on Tuesday over the 'fraud' allegedly committed by Jammu and Kashmir Cooperative Housing Society (JKCHS) and sought a detailed report from the Ministry of Interior regarding the r

Published 25 Dec, 2019 12:00am

Nigeria security services free prominent journalist

Nigeria's state security agency on Tuesday freed a prominent journalist and opposition activist who had been held since August despite court orders demanding his release. Omoyele Sowore - a publisher of online news site Sahara Reporters - still faces tria

Published 25 Dec, 2019 12:00am

Global Business Economy

Allergan signs $750 million settlement with purchasers of Namenda

Purchasers of Allergan Plc's Namenda asked a federal judge on Tuesday to approve a $750 million settlement of claims that the drugmaker conspired to keep generic versions of the Alzheimer's medication off the market.

Published 25 Dec, 2019 12:00am

China hosts Japan, South Korea with eyes on nuclear North

China hosted the leaders of squabbling neighbours South Korea and Japan for their first official meeting in over a year on Tuesday, flexing its diplomatic muscle with America's two key Asian allies and seeking unity on how to deal with a belligerent North

Published 25 Dec, 2019 12:00am

Children among 8 killed in Russian strikes on Idlib

At least eight people, including five children, were killed Tuesday in Russian air strikes in northwest Syria, as the UN warned youngsters were bearing the brunt of the violence. The strikes targeted the village of Jubass near the town of Saraqeb in south

Published 25 Dec, 2019 12:00am

Turkey presses Russia for new Idlib truce: presidential spokesman

Turkey said Tuesday it was talking to Russia with the aim of reaching a new ceasefire after increased bombardment in Syria's northwestern Idlib province.

Published 25 Dec, 2019 12:00am

WhatsApp wars over India protests divide families

With their parents bombarding them on WhatsApp with misinformation and even abuse over their stand on India's new citizenship law, young women are hiding their identities on social media to voice outrage and find alternative families.

Published 25 Dec, 2019 12:00am

Paralysis in Iraq as protesters harden position

Iraqi protesters stepped up their demonstrations Tuesday with the authorities in Baghdad increasingly paralysed as they seek a way out of a political impasse. Once again the capital's iconic Tahrir Square began filling early in the day, with protesters ma

Published 25 Dec, 2019 12:00am

Queen admits 'bumpy' year in Christmas message

Queen Elizabeth II called 2019 "quite bumpy" in a Christmas message at the end of a chaotic year which saw Britain feud over its split from the European Union and her scandal-plagued son Prince Andrew withdraw from public life. The 93-year-old monarch's r

Published 25 Dec, 2019 12:00am

Vietnam seizes two tonnes of ivory and pangolin scales

Vietnam seized more than two tonnes of ivory tusks and pangolin scales hidden inside wooden boxes shipped from Nigeria, state media reported Tuesday. The bust comes at the end of a year of big wildlife seizures destined for communist Vietnam, a hotbed of

Published 25 Dec, 2019 12:00am

Four killed in Libyan capital by projectile blast

Four civilians were killed Tuesday when a projectile exploded in a vegetable market in an eastern suburb of Libya's capital, a rescue workers' spokesman said. "Four civilians were killed and six wounded by an explosive device that targeted the Tajoura veg

Published 25 Dec, 2019 12:00am

Money & Banking

South Africa's rand steady as gold gains lift stocks

An interim trade deal between the United States and China and bets of further gains in the rand helped the South African currency hold its ground on Tuesday, while a rising gold price supported stocks, which closed higher.

Published 25 Dec, 2019 12:00am

Money & Banking

Euro dips as festive mood thins trading volumes

The euro slipped on Tuesday, heading back towards a two-week low, as optimism about improved US-China trade relations supported the dollar, although currency markets were quiet at the start of the holiday season.

Published 25 Dec, 2019 12:00am

Money & Banking

Early trade in New York: Dollar steady against most majors

The dollar was little-changed against the euro in holiday-thinned trading on Tuesday, ahead of the Christmas holiday, while the British pound snapped a five-day streak of losses against the US currency.

Published 25 Dec, 2019 12:00am

Money & Banking

Dollar steady before holidays, sterling slips

The dollar was little-changed against a basket of currencies on Monday, holding near a two-week high, in holiday-lulled trading, while sterling fell on concerns over the British government's hard line on Brexit talks.

Published 25 Dec, 2019 12:00am

Money & Banking

Emerging Markets assets little changed; rouble firms

Risk assets in emerging markets were flat in light trading on Tuesday, as investors refrained from placing big bets ahead of the Christmas holiday break, while the Russian rouble traded near its strongest level since mid-2018.

Published 25 Dec, 2019 12:00am

Money & Banking

Most Asian currencies eke out gains

Most Asian currencies eked out minor gains on Tuesday as optimism from the Sino-US trade deal propped up investor sentiment in holiday-thinned trade.

Published 25 Dec, 2019 12:00am

Money & Banking

Kenyan shilling firm ahead of holiday season

The Kenyan shilling was firm against the dollar on Tuesday supported by inflows from diaspora remittances amid businesses closing ahead of the holiday season, traders said.

Published 25 Dec, 2019 12:00am

Money & Banking

Latam assets ease

Currencies and stocks in Latin America eased on Tuesday, as investors paused ahead of the Christmas holiday break, with skepticism setting in around lasting progress in US-China trade relations.

Published 25 Dec, 2019 12:00am

Money & Banking

Aussie near 4-1/2-month peak, sterling fragile

The Australian dollar held firm on Tuesday near a 4-1/2-month peak on optimism about US-China trade relations, while the British pound was on the defensive as worries resurfaced about a chaotic departure from the European Union.

Published 25 Dec, 2019 12:00am

Stocks

Gulf shares fall; Aramco closes lower

Gulf stocks mostly fell on Tuesday, with financials pulling down Qatar, while Saudi Arabia's stock index traded flat as energy and property shares moved sideways.

Published 25 Dec, 2019 12:00am

Stocks

European shares hit record in countdown to Christmas

European stocks ground out fresh record gains on Tuesday in thin trading ahead of Christmas with investors optimistic about global growth heading into 2020 amid progress in US-China trade talks.

Published 25 Dec, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular